Quarterly Holdings Report
for
Strategic Advisers® Small-Mid Cap Fund
Offered exclusively to certain managed account clients of Strategic Advisers LLC or its affiliates - not available for sale to the general public
May 31, 2024
SMC-NPRT1-0724
1.912862.113
| Common Stocks - 76.7% | |||
| Shares | Value ($) | ||
| COMMUNICATION SERVICES - 1.8% | |||
| Diversified Telecommunication Services - 0.1% | |||
| ATN International, Inc. | 2,606 | 63,430 | |
| Bandwidth, Inc. Class A, (a) | 14,245 | 286,752 | |
| Cogent Communications Group, Inc. | 1,564 | 92,620 | |
| Frontier Communications Parent, Inc. (a)(b) | 22,281 | 594,011 | |
| GCI Liberty, Inc. Class A (Escrow) (c) | 105,502 | 1 | |
| Iridium Communications, Inc. | 150,936 | 4,544,683 | |
| Liberty Latin America Ltd. Class A (a) | 360 | 3,265 | |
| 5,584,762 | |||
| Entertainment - 0.1% | |||
| Lions Gate Entertainment Corp. Class B (a) | 14,021 | 108,242 | |
| Live Nation Entertainment, Inc. (a) | 17,755 | 1,664,354 | |
| Marcus Corp. (b) | 8,921 | 95,009 | |
| Playtika Holding Corp. | 167,500 | 1,463,950 | |
| Roku, Inc. Class A (a) | 35,934 | 2,062,612 | |
| Take-Two Interactive Software, Inc. (a) | 19,866 | 3,185,712 | |
| TKO Group Holdings, Inc. | 38,090 | 4,154,476 | |
| Vivid Seats, Inc. Class A (a)(b) | 261,498 | 1,320,565 | |
| 14,054,920 | |||
| Interactive Media & Services - 1.1% | |||
| Angi, Inc. Class A, (a) | 6,331 | 12,789 | |
| Baidu, Inc. sponsored ADR (a) | 54,538 | 5,301,094 | |
| Bumble, Inc. (a) | 162,666 | 1,903,192 | |
| CarGurus, Inc. Class A (a) | 638,259 | 15,452,250 | |
| Cars.com, Inc. (a) | 215,572 | 4,361,022 | |
| EverQuote, Inc. Class A (a) | 29,433 | 703,154 | |
| IAC, Inc. (a) | 149,261 | 7,431,705 | |
| MediaAlpha, Inc. Class A (a) | 4,975 | 88,456 | |
| Meta Platforms, Inc. Class A | 4,634 | 2,163,290 | |
| QuinStreet, Inc. (a) | 356,596 | 6,279,656 | |
| Reddit, Inc. Class A | 61,465 | 3,333,862 | |
| Shutterstock, Inc. (b) | 63,949 | 2,598,248 | |
| Taboola.com Ltd. (a) | 96,667 | 387,635 | |
| TripAdvisor, Inc. (a) | 344,103 | 6,314,290 | |
| Yelp, Inc. (a) | 199,142 | 7,362,280 | |
| Ziff Davis, Inc. (a) | 616,930 | 35,541,337 | |
| ZipRecruiter, Inc. (a) | 1,031,412 | 10,427,575 | |
| 109,661,835 | |||
| Media - 0.5% | |||
| AMC Networks, Inc. Class A (a) | 69,600 | 1,206,864 | |
| Cable One, Inc. (b) | 4,592 | 1,772,099 | |
| Criteo SA sponsored ADR (a) | 198,212 | 7,734,232 | |
| EchoStar Corp. Class A (a) | 32,615 | 626,208 | |
| Fox Corp. Class A | 112,200 | 3,863,046 | |
| Gray Television, Inc. | 3,678 | 22,951 | |
| Ibotta, Inc. | 14,544 | 1,412,659 | |
| Integral Ad Science Holding Corp. (a) | 15,928 | 147,493 | |
| Interpublic Group of Companies, Inc. | 91,107 | 2,858,027 | |
| Liberty Media Corp. Liberty SiriusXM Class A | 90,950 | 2,067,294 | |
| Nexstar Media Group, Inc. Class A (b) | 117,289 | 19,433,614 | |
| TechTarget, Inc. (a) | 2,087 | 63,069 | |
| TEGNA, Inc. (b) | 601,336 | 8,965,920 | |
| Thryv Holdings, Inc. (a)(b) | 48,131 | 1,014,120 | |
| 51,187,596 | |||
| Wireless Telecommunication Services - 0.0% | |||
| Telephone & Data Systems, Inc. | 23,365 | 464,730 | |
TOTAL COMMUNICATION SERVICES | 180,953,843 | ||
| CONSUMER DISCRETIONARY - 9.9% | |||
| Automobile Components - 0.9% | |||
| Adient PLC (a) | 375,258 | 10,597,286 | |
| Autoliv, Inc. | 46,535 | 5,936,470 | |
| BorgWarner, Inc. | 673,861 | 24,029,883 | |
| Dana, Inc. (b) | 16,586 | 233,199 | |
| Fox Factory Holding Corp. (a)(b) | 68,267 | 3,182,608 | |
| Garrett Motion, Inc. (a)(b) | 1,513,085 | 13,738,812 | |
| Gentex Corp. | 229,962 | 8,048,670 | |
| LCI Industries | 46,345 | 5,092,389 | |
| Lear Corp. | 82,483 | 10,339,244 | |
| Mobileye Global, Inc. Class A (a)(b) | 75,197 | 1,929,555 | |
| Modine Manufacturing Co. (a)(b) | 41,102 | 4,148,014 | |
| Patrick Industries, Inc. | 5,746 | 658,492 | |
| Phinia, Inc. (b) | 42,300 | 1,893,348 | |
| The Goodyear Tire & Rubber Co. (a) | 229,648 | 2,826,967 | |
| Visteon Corp. (a) | 13,310 | 1,482,335 | |
| 94,137,272 | |||
| Automobiles - 0.1% | |||
| Harley-Davidson, Inc. (b) | 132,600 | 4,757,688 | |
| Thor Industries, Inc. | 20,354 | 2,019,931 | |
| Winnebago Industries, Inc. (b) | 34,600 | 2,146,930 | |
| 8,924,549 | |||
| Broadline Retail - 0.1% | |||
| 1stDibs.com, Inc. (a) | 355,085 | 1,913,908 | |
| Dillard's, Inc. Class A (b) | 3,556 | 1,590,777 | |
| Kohl's Corp. (b) | 142,045 | 3,180,388 | |
| Macy's, Inc. | 159,930 | 3,115,436 | |
| Ollie's Bargain Outlet Holdings, Inc. (a) | 24,728 | 2,038,329 | |
| 11,838,838 | |||
| Distributors - 0.7% | |||
| LKQ Corp. | 786,180 | 33,829,325 | |
| Pool Corp. | 90,380 | 32,857,649 | |
| 66,686,974 | |||
| Diversified Consumer Services - 0.9% | |||
| ADT, Inc. | 2,025,014 | 14,397,850 | |
| Bright Horizons Family Solutions, Inc. (a) | 265,666 | 27,926,810 | |
| Chegg, Inc. (a)(b) | 2,614 | 10,012 | |
| Coursera, Inc. (a) | 11,812 | 89,771 | |
| Duolingo, Inc. (a) | 12,410 | 2,375,274 | |
| Frontdoor, Inc. (a) | 225,430 | 7,973,459 | |
| Graham Holdings Co. (b) | 3,530 | 2,656,078 | |
| Grand Canyon Education, Inc. (a) | 91,015 | 12,965,997 | |
| Laureate Education, Inc. | 248,690 | 3,894,485 | |
| Perdoceo Education Corp. | 159,261 | 3,583,373 | |
| Service Corp. International | 146,960 | 10,531,154 | |
| Strategic Education, Inc. | 1,874 | 212,549 | |
| Stride, Inc. (a) | 98,397 | 6,755,938 | |
| 93,372,750 | |||
| Hotels, Restaurants & Leisure - 1.7% | |||
| Bloomin' Brands, Inc. (b) | 133,800 | 2,916,840 | |
| Bowlero Corp. Class A (b) | 966,279 | 12,030,174 | |
| Boyd Gaming Corp. | 142,846 | 7,616,549 | |
| Brinker International, Inc. (a) | 44,243 | 3,124,883 | |
| Cava Group, Inc. (b) | 25,454 | 2,355,768 | |
| Churchill Downs, Inc. | 177,583 | 22,996,999 | |
| Dine Brands Global, Inc. | 99,048 | 3,907,444 | |
| Domino's Pizza, Inc. | 4,510 | 2,293,696 | |
| Everi Holdings, Inc. (a) | 18,637 | 134,746 | |
| Expedia Group, Inc. (a) | 14,527 | 1,639,517 | |
| GEN Restaurant Group, Inc. | 159,690 | 1,777,350 | |
| Genius Sports Ltd. (a)(b) | 1,399,655 | 7,334,192 | |
| Jack in the Box, Inc. (b) | 17,400 | 963,264 | |
| Krispy Kreme, Inc. (b) | 310,038 | 3,242,997 | |
| Kura Sushi U.S.A., Inc. Class A (a)(b) | 83,661 | 8,358,571 | |
| Life Time Group Holdings, Inc. (a) | 4,948 | 83,027 | |
| Marriott Vacations Worldwide Corp. | 8,413 | 759,442 | |
| MGM Resorts International (a) | 69,291 | 2,783,419 | |
| Misa Investments Ltd. | 243,849 | 7,659,297 | |
| Papa John's International, Inc. (b) | 82,375 | 3,827,143 | |
| Planet Fitness, Inc. (a) | 150,973 | 9,607,922 | |
| Potbelly Corp. (a) | 470,367 | 4,209,785 | |
| Red Rock Resorts, Inc. | 3,580 | 183,475 | |
| Sportradar Holding AG (a)(b) | 419,196 | 4,271,607 | |
| Super Hi International Holding Ltd. (a) | 836,850 | 1,618,862 | |
| Super Hi International Holding Ltd. ADR | 102,501 | 2,080,770 | |
| Sweetgreen, Inc. Class A (a) | 274,394 | 8,437,616 | |
| Texas Roadhouse, Inc. Class A | 87,085 | 15,036,967 | |
| TH International Ltd. (a)(b) | 400,963 | 449,079 | |
| Travel+Leisure Co. | 600 | 26,364 | |
| Vail Resorts, Inc. (b) | 71,766 | 13,543,680 | |
| Wendy's Co. (b) | 479,240 | 8,362,738 | |
| Wingstop, Inc. | 19,046 | 7,021,308 | |
| 170,655,491 | |||
| Household Durables - 1.5% | |||
| Beazer Homes U.S.A., Inc. (a) | 3,978 | 114,248 | |
| Cavco Industries, Inc. (a) | 7,633 | 2,726,508 | |
| Century Communities, Inc. | 7,988 | 674,267 | |
| Installed Building Products, Inc. (b) | 57,201 | 12,117,460 | |
| KB Home | 74,804 | 5,281,162 | |
| La-Z-Boy, Inc. (b) | 103,200 | 3,872,064 | |
| Leggett & Platt, Inc. | 53,930 | 625,588 | |
| LGI Homes, Inc. (a) | 19,576 | 1,879,296 | |
| M/I Homes, Inc. (a) | 27,761 | 3,467,904 | |
| Meritage Homes Corp. | 25,251 | 4,453,014 | |
| Mohawk Industries, Inc. (a) | 17,500 | 2,133,775 | |
| NVR, Inc. (a) | 288 | 2,212,050 | |
| PulteGroup, Inc. | 176,830 | 20,745,696 | |
| SharkNinja, Inc. | 204,112 | 15,639,061 | |
| Skyline Champion Corp. (a) | 169,448 | 11,795,275 | |
| Taylor Morrison Home Corp. (a) | 265,192 | 15,336,053 | |
| Tempur Sealy International, Inc. | 55,550 | 2,853,048 | |
| Toll Brothers, Inc. | 190,413 | 23,161,837 | |
| TopBuild Corp. (a)(b) | 41,515 | 17,351,194 | |
| TRI Pointe Homes, Inc. (a) | 98,434 | 3,812,349 | |
| Whirlpool Corp. (b) | 28,700 | 2,669,961 | |
| 152,921,810 | |||
| Leisure Products - 0.4% | |||
| Brunswick Corp. (b) | 252,756 | 20,859,953 | |
| Clarus Corp. (b) | 692,750 | 4,849,250 | |
| Malibu Boats, Inc. Class A (a)(b) | 59,183 | 2,276,178 | |
| Mattel, Inc. (a) | 27,268 | 485,098 | |
| Polaris, Inc. (b) | 84,106 | 7,031,262 | |
| 35,501,741 | |||
| Specialty Retail - 2.4% | |||
| 1-800-FLOWERS.com, Inc. Class A (a)(b) | 1,799 | 17,414 | |
| Abercrombie & Fitch Co. Class A (a) | 5,791 | 1,001,090 | |
| Academy Sports & Outdoors, Inc. | 85,018 | 4,904,688 | |
| Advance Auto Parts, Inc. | 58,503 | 4,132,652 | |
| Asbury Automotive Group, Inc. (a) | 26,000 | 6,111,820 | |
| AutoNation, Inc. (a)(b) | 59,887 | 10,195,762 | |
| Bath & Body Works, Inc. | 203,495 | 10,569,530 | |
| Beyond, Inc. (a) | 13,621 | 206,086 | |
| Boot Barn Holdings, Inc. (a) | 51,539 | 6,129,533 | |
| Burlington Stores, Inc. (a) | 83,851 | 20,128,433 | |
| CarParts.com, Inc. (a) | 50,611 | 59,721 | |
| Carvana Co. Class A (a) | 11,869 | 1,186,663 | |
| Chewy, Inc. (a)(b) | 252,869 | 5,363,351 | |
| Dick's Sporting Goods, Inc. | 39,290 | 8,943,976 | |
| Duluth Holdings, Inc. (a)(b) | 257 | 1,015 | |
| Five Below, Inc. (a) | 132,684 | 18,327,641 | |
| Floor & Decor Holdings, Inc. Class A (a)(b) | 13,779 | 1,610,214 | |
| Foot Locker, Inc. | 14,012 | 388,553 | |
| Gap, Inc. | 17,739 | 513,721 | |
| Group 1 Automotive, Inc. (b) | 16,923 | 5,262,715 | |
| Haverty Furniture Companies, Inc. (b) | 86,300 | 2,451,783 | |
| Lithia Motors, Inc. Class A (sub. vtg.) | 60,455 | 15,303,579 | |
| Monro, Inc. (b) | 30,261 | 715,673 | |
| Murphy U.S.A., Inc. | 79,796 | 35,010,495 | |
| MYT Netherlands Parent BV ADR (a) | 536,367 | 2,880,291 | |
| National Vision Holdings, Inc. (a) | 499,892 | 7,543,370 | |
| Penske Automotive Group, Inc. (b) | 49,538 | 7,534,730 | |
| Petco Health & Wellness Co., Inc. Class A (a)(b) | 141,574 | 546,476 | |
| Revolve Group, Inc. (a)(b) | 362,230 | 6,911,348 | |
| RH (a) | 2,873 | 781,255 | |
| Sally Beauty Holdings, Inc. (a)(b) | 436,238 | 5,313,379 | |
| Signet Jewelers Ltd. (b) | 66,362 | 7,265,975 | |
| Sonic Automotive, Inc. Class A (sub. vtg.) | 888 | 50,323 | |
| Stitch Fix, Inc. (a)(b) | 70,657 | 174,523 | |
| The Aaron's Co., Inc. | 186,715 | 1,583,343 | |
| The Buckle, Inc. | 27,736 | 1,068,945 | |
| The ODP Corp. (a) | 66,800 | 2,615,888 | |
| Upbound Group, Inc. | 26,174 | 859,031 | |
| Valvoline, Inc. (a) | 333,099 | 13,523,819 | |
| Warby Parker, Inc. (a) | 186,030 | 3,294,591 | |
| Wayfair LLC Class A (a)(b) | 60,477 | 3,597,777 | |
| Williams-Sonoma, Inc. | 63,240 | 18,543,233 | |
| Winmark Corp. | 90 | 32,031 | |
| Zumiez, Inc. (a) | 23,318 | 437,912 | |
| 243,094,348 | |||
| Textiles, Apparel & Luxury Goods - 1.2% | |||
| Capri Holdings Ltd. (a) | 49,100 | 1,696,405 | |
| Crocs, Inc. (a) | 66,480 | 10,346,947 | |
| Deckers Outdoor Corp. (a) | 32,651 | 35,717,582 | |
| G-III Apparel Group Ltd. (a) | 62,095 | 1,866,576 | |
| On Holding AG (a)(b) | 241,832 | 10,287,533 | |
| PVH Corp. (b) | 128,942 | 15,474,329 | |
| Ralph Lauren Corp. Class A | 61,585 | 11,509,005 | |
| Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 246,344 | 17,593,888 | |
| Steven Madden Ltd. | 50,890 | 2,262,061 | |
| Tapestry, Inc. | 242,547 | 10,548,369 | |
| 117,302,695 | |||
TOTAL CONSUMER DISCRETIONARY | 994,436,468 | ||
| CONSUMER STAPLES - 3.6% | |||
| Beverages - 0.4% | |||
| Boston Beer Co., Inc. Class A (a) | 4,749 | 1,489,619 | |
| Celsius Holdings, Inc. (a) | 75,312 | 6,023,454 | |
| Coca-Cola Consolidated, Inc. | 7,318 | 7,179,251 | |
| Duckhorn Portfolio, Inc. (a)(b) | 40,669 | 328,199 | |
| Molson Coors Beverage Co. Class B (b) | 287,581 | 15,762,315 | |
| National Beverage Corp. (a) | 33,795 | 1,561,329 | |
| Primo Water Corp. | 431,304 | 9,730,218 | |
| The Vita Coco Co., Inc. (a)(b) | 30,260 | 880,869 | |
| 42,955,254 | |||
| Consumer Staples Distribution & Retail - 1.1% | |||
| Albertsons Companies, Inc. | 149,300 | 3,081,552 | |
| Andersons, Inc. | 1,029 | 53,858 | |
| BJ's Wholesale Club Holdings, Inc. (a) | 437,820 | 38,558,807 | |
| Casey's General Stores, Inc. | 32,091 | 10,647,152 | |
| Grocery Outlet Holding Corp. (a) | 89,360 | 1,965,026 | |
| Ingles Markets, Inc. Class A | 105,937 | 7,748,232 | |
| Performance Food Group Co. (a) | 387,855 | 26,994,708 | |
| PriceSmart, Inc. | 30,286 | 2,548,567 | |
| SpartanNash Co. | 71,900 | 1,412,835 | |
| Sprouts Farmers Market LLC (a) | 104,923 | 8,286,819 | |
| U.S. Foods Holding Corp. (a) | 85,782 | 4,531,863 | |
| Weis Markets, Inc. (b) | 15,650 | 1,025,858 | |
| 106,855,277 | |||
| Food Products - 1.3% | |||
| Bunge Global SA | 18,900 | 2,033,451 | |
| Cal-Maine Foods, Inc. (b) | 25,879 | 1,595,958 | |
| Conagra Brands, Inc. | 90,800 | 2,713,104 | |
| Flowers Foods, Inc. | 251,346 | 5,836,254 | |
| Fresh Del Monte Produce, Inc. | 15,324 | 357,969 | |
| Freshpet, Inc. (a) | 21,347 | 2,800,086 | |
| Ingredion, Inc. | 104,129 | 12,243,488 | |
| John B. Sanfilippo & Son, Inc. | 9,151 | 922,695 | |
| Lamb Weston Holdings, Inc. | 444,188 | 39,217,359 | |
| Lancaster Colony Corp. | 75,637 | 14,030,664 | |
| Nomad Foods Ltd. | 1,577,493 | 27,700,777 | |
| Oatly Group AB ADR (a)(b) | 2,491,764 | 2,716,023 | |
| Pilgrim's Pride Corp. (a) | 16,508 | 593,132 | |
| SunOpta, Inc. (a)(b) | 566,609 | 3,405,320 | |
| The J.M. Smucker Co. | 27,401 | 3,059,048 | |
| The Simply Good Foods Co. (a) | 79,619 | 3,064,535 | |
| Tootsie Roll Industries, Inc. | 16,811 | 491,890 | |
| Vital Farms, Inc. (a) | 44,954 | 1,860,197 | |
| 124,641,950 | |||
| Household Products - 0.2% | |||
| Central Garden & Pet Co. Class A (non-vtg.) (b) | 19,077 | 712,526 | |
| Reynolds Consumer Products, Inc. | 219,034 | 6,229,327 | |
| Spectrum Brands Holdings, Inc. | 157,730 | 14,154,690 | |
| WD-40 Co. (b) | 13,366 | 3,003,207 | |
| 24,099,750 | |||
| Personal Care Products - 0.4% | |||
| BellRing Brands, Inc. (a) | 102,541 | 5,964,810 | |
| elf Beauty, Inc. (a) | 71,055 | 13,280,890 | |
| Herbalife Ltd. (a)(b) | 159,243 | 1,640,203 | |
| Inter Parfums, Inc. | 66,876 | 8,010,407 | |
| MediFast, Inc. (b) | 10,741 | 276,473 | |
| The Honest Co., Inc. (a) | 3,926,858 | 10,563,248 | |
| USANA Health Sciences, Inc. (a) | 10,928 | 520,173 | |
| 40,256,204 | |||
| Tobacco - 0.2% | |||
| Turning Point Brands, Inc. | 344,095 | 11,289,757 | |
| Vector Group Ltd. | 1,119,494 | 12,280,849 | |
| 23,570,606 | |||
TOTAL CONSUMER STAPLES | 362,379,041 | ||
| ENERGY - 3.7% | |||
| Energy Equipment & Services - 0.8% | |||
| Archrock, Inc. | 157,670 | 3,191,241 | |
| Cactus, Inc. | 170,091 | 8,734,173 | |
| Championx Corp. | 456,416 | 14,888,290 | |
| DOF Group ASA | 375,531 | 3,450,315 | |
| Expro Group Holdings NV (a) | 189,908 | 4,168,481 | |
| Helmerich & Payne, Inc. (b) | 94,778 | 3,607,251 | |
| Newpark Resources, Inc. (a) | 720,017 | 6,105,744 | |
| Noble Corp. PLC | 93,341 | 4,336,623 | |
| NOV, Inc. | 55,203 | 1,038,920 | |
| Patterson-UTI Energy, Inc. | 155,228 | 1,710,613 | |
| ProPetro Holding Corp. (a) | 28,394 | 272,015 | |
| RPC, Inc. (b) | 15,848 | 108,242 | |
| Select Water Solutions, Inc. Class A | 174,477 | 1,907,034 | |
| TechnipFMC PLC | 550,696 | 14,422,728 | |
| Tidewater, Inc. (a) | 29,693 | 3,068,178 | |
| U.S. Silica Holdings, Inc. (a) | 17,576 | 272,252 | |
| Weatherford International PLC (a) | 57,127 | 6,874,663 | |
| 78,156,763 | |||
| Oil, Gas & Consumable Fuels - 2.9% | |||
| Antero Resources Corp. (a) | 204,713 | 7,293,924 | |
| APA Corp. | 135,637 | 4,140,998 | |
| Ardmore Shipping Corp. (b) | 40,741 | 913,006 | |
| Berry Corp. | 177,200 | 1,235,084 | |
| California Resources Corp. (b) | 109,820 | 5,199,977 | |
| Cameco Corp. (b) | 417,289 | 23,163,712 | |
| CNX Resources Corp. (a)(b) | 174,300 | 4,584,090 | |
| CONSOL Energy, Inc. (b) | 27,515 | 2,852,480 | |
| CVR Energy, Inc. (b) | 28,082 | 782,365 | |
| Delek U.S. Holdings, Inc. | 304,192 | 7,744,728 | |
| DT Midstream, Inc. | 129,322 | 8,674,920 | |
| Green Plains, Inc. (a) | 191,843 | 3,293,944 | |
| HF Sinclair Corp. | 544,228 | 30,057,712 | |
| International Seaways, Inc. | 131,017 | 8,440,115 | |
| Kosmos Energy Ltd. (a) | 296,581 | 1,809,144 | |
| Magnolia Oil & Gas Corp. Class A (b) | 378,383 | 9,819,039 | |
| Matador Resources Co. | 150,606 | 9,555,951 | |
| Murphy Oil Corp. | 162,968 | 6,973,401 | |
| Navigator Holdings Ltd. | 161,339 | 2,821,819 | |
| New Fortress Energy, Inc. Class A (b) | 338,149 | 8,572,077 | |
| Northern Oil & Gas, Inc. | 288,967 | 11,827,419 | |
| Ovintiv, Inc. | 218,714 | 11,300,952 | |
| Par Pacific Holdings, Inc. (a)(b) | 101,811 | 2,763,151 | |
| PBF Energy, Inc. Class A | 84,145 | 3,898,438 | |
| Permian Resource Corp. Class A | 882,954 | 14,471,616 | |
| Plains GP Holdings LP Class A | 123,510 | 2,224,415 | |
| Range Resources Corp. | 59,522 | 2,196,957 | |
| Rex American Resources Corp. (a) | 11,690 | 584,383 | |
| Scorpio Tankers, Inc. | 133,216 | 10,933,037 | |
| SM Energy Co. (b) | 546,494 | 27,559,692 | |
| Southwestern Energy Co. (a) | 426,562 | 3,212,012 | |
| Veren, Inc. | 551,481 | 4,803,400 | |
| Viper Energy, Inc. | 777,866 | 29,916,726 | |
| Vitesse Energy, Inc. (b) | 13,405 | 342,096 | |
| Whitecap Resources, Inc. | 1,183,116 | 9,240,136 | |
| World Kinect Corp. (b) | 341,671 | 8,999,614 | |
| 292,202,530 | |||
TOTAL ENERGY | 370,359,293 | ||
| FINANCIALS - 11.5% | |||
| Banks - 3.0% | |||
| 1st Source Corp. | 2,154 | 110,759 | |
| Axos Financial, Inc. (a)(b) | 51,599 | 2,779,638 | |
| Bancorp, Inc., Delaware (a) | 52,900 | 1,776,911 | |
| Bank OZK (b) | 7,652 | 320,466 | |
| BankUnited, Inc. (b) | 253,637 | 7,276,846 | |
| Berkshire Hills Bancorp, Inc. | 56,303 | 1,251,616 | |
| Brookline Bancorp, Inc., Delaware | 971 | 8,399 | |
| Burke & Herbert Financial Services Corp. | 2,529 | 126,703 | |
| Cathay General Bancorp | 66,800 | 2,460,912 | |
| Citizens Financial Group, Inc. | 116,300 | 4,104,227 | |
| Coastal Financial Corp. of Washington (a)(b) | 13,031 | 577,795 | |
| Columbia Banking Systems, Inc. | 38,380 | 739,966 | |
| Comerica, Inc. | 216,337 | 11,085,108 | |
| Commerce Bancshares, Inc. (b) | 124,577 | 6,931,464 | |
| ConnectOne Bancorp, Inc. | 14,534 | 270,914 | |
| CrossFirst Bankshares, Inc. (a) | 9,397 | 123,007 | |
| Cullen/Frost Bankers, Inc. | 87,262 | 8,864,074 | |
| Customers Bancorp, Inc. (a) | 1,371 | 62,106 | |
| Dime Community Bancshares, Inc. | 54,766 | 1,011,528 | |
| East West Bancorp, Inc. (b) | 286,863 | 21,282,366 | |
| Eastern Bankshares, Inc. | 20,920 | 286,604 | |
| Enterprise Financial Services Corp. | 12,896 | 498,946 | |
| Esquire Financial Holdings, Inc. | 6,629 | 303,409 | |
| FB Financial Corp. | 12,408 | 459,096 | |
| Fifth Third Bancorp | 94,000 | 3,517,480 | |
| First Bancorp, Puerto Rico (b) | 601,060 | 10,656,794 | |
| First Bancshares, Inc. | 3,250 | 82,388 | |
| First Citizens Bancshares, Inc. | 17,593 | 29,880,479 | |
| First Hawaiian, Inc. | 367,740 | 7,476,154 | |
| First Horizon National Corp. (b) | 967,577 | 15,326,420 | |
| First Interstate Bancsystem, Inc. | 321,766 | 8,539,670 | |
| First Merchants Corp. | 56,174 | 1,856,551 | |
| Flushing Financial Corp. | 1,452 | 18,469 | |
| FNB Corp., Pennsylvania | 215,283 | 2,964,447 | |
| Fulton Financial Corp. | 203,500 | 3,426,940 | |
| Glacier Bancorp, Inc. | 85,991 | 3,214,344 | |
| Hancock Whitney Corp. | 103,148 | 4,820,106 | |
| Hanmi Financial Corp. | 108,800 | 1,714,688 | |
| Heritage Commerce Corp. | 193,102 | 1,573,781 | |
| HomeStreet, Inc. | 1,485 | 13,558 | |
| HomeTrust Bancshares, Inc. | 3,891 | 107,431 | |
| Hope Bancorp, Inc. | 278,100 | 2,928,393 | |
| Horizon Bancorp, Inc. Indiana | 13,357 | 163,223 | |
| Huntington Bancshares, Inc. | 231,031 | 3,215,952 | |
| Independent Bank Corp. | 4,299 | 107,733 | |
| Independent Bank Group, Inc. | 3,000 | 138,120 | |
| International Bancshares Corp. | 5,917 | 336,263 | |
| KeyCorp | 89,100 | 1,280,367 | |
| Live Oak Bancshares, Inc. (b) | 3,174 | 109,440 | |
| Mercantile Bank Corp. | 1,540 | 58,997 | |
| Metropolitan Bank Holding Corp. (a) | 678 | 28,510 | |
| Midland States Bancorp, Inc. | 6,274 | 142,545 | |
| NB Bancorp, Inc. | 61,138 | 924,407 | |
| New York Community Bancorp, Inc. (b) | 712,301 | 2,343,470 | |
| OceanFirst Financial Corp. | 67,701 | 1,018,900 | |
| OFG Bancorp | 100,700 | 3,742,012 | |
| Old National Bancorp, Indiana | 194,176 | 3,318,468 | |
| Pathward Financial, Inc. | 25,816 | 1,376,251 | |
| Peapack-Gladstone Financial Corp. | 43,104 | 935,357 | |
| Peoples Bancorp, Inc. | 40,051 | 1,167,487 | |
| Pinnacle Financial Partners, Inc. | 71,254 | 5,665,406 | |
| Preferred Bank, Los Angeles (b) | 61,221 | 4,574,433 | |
| Premier Financial Corp. | 19,659 | 387,479 | |
| Prosperity Bancshares, Inc. | 18,652 | 1,162,020 | |
| Provident Financial Services, Inc. | 31,432 | 452,621 | |
| RBB Bancorp | 3,616 | 66,426 | |
| Regions Financial Corp. | 171,700 | 3,322,395 | |
| ServisFirst Bancshares, Inc. (b) | 122,843 | 7,591,697 | |
| Southside Bancshares, Inc. | 368 | 9,866 | |
| Southstate Corp. (b) | 33,825 | 2,615,011 | |
| Texas Capital Bancshares, Inc. (a) | 110,519 | 6,662,085 | |
| Tompkins Financial Corp. | 854 | 40,061 | |
| UMB Financial Corp. (b) | 4,205 | 346,660 | |
| Univest Corp. of Pennsylvania | 3,494 | 76,169 | |
| Valley National Bancorp | 434,151 | 3,095,497 | |
| Veritex Holdings, Inc. | 89,800 | 1,831,920 | |
| WaFd, Inc. | 1,822 | 51,034 | |
| Webster Financial Corp. | 183,618 | 8,119,588 | |
| WesBanco, Inc. | 33,041 | 911,932 | |
| Westamerica Bancorp. | 26,274 | 1,282,697 | |
| Western Alliance Bancorp. | 329,396 | 20,761,830 | |
| Wintrust Financial Corp. | 256,808 | 25,323,837 | |
| Zions Bancorporation NA | 244,645 | 10,566,218 | |
| 296,155,337 | |||
| Capital Markets - 2.7% | |||
| Affiliated Managers Group, Inc. | 16,500 | 2,682,900 | |
| Artisan Partners Asset Management, Inc. Class A, (b) | 67,514 | 2,972,641 | |
| Assetmark Financial Holdings, Inc. (a) | 13,334 | 458,556 | |
| BGC Group, Inc. Class A | 406,777 | 3,526,757 | |
| Blue Owl Capital, Inc. Class A | 17,365 | 312,396 | |
| Carlyle Group LP (b) | 358,847 | 15,416,067 | |
| Cboe Global Markets, Inc. | 130,822 | 22,630,898 | |
| Cohen & Steers, Inc. (b) | 27,467 | 1,930,655 | |
| Diamond Hill Investment Group, Inc. | 2,835 | 425,363 | |
| Donnelley Financial Solutions, Inc. (a) | 4,309 | 262,677 | |
| Evercore, Inc. Class A | 161,747 | 32,824,936 | |
| FactSet Research Systems, Inc. | 18,633 | 7,532,577 | |
| Federated Hermes, Inc. (b) | 141,399 | 4,690,205 | |
| Hamilton Lane, Inc. Class A | 36,153 | 4,536,840 | |
| Houlihan Lokey | 80,670 | 10,918,685 | |
| Interactive Brokers Group, Inc. | 62,963 | 7,915,708 | |
| Invesco Ltd. | 643,421 | 10,108,144 | |
| Jefferies Financial Group, Inc. | 54,436 | 2,532,363 | |
| Lazard, Inc. Class A | 2,298 | 92,449 | |
| LPL Financial | 61,179 | 17,510,042 | |
| Marex Group PLC (b) | 410,946 | 8,309,328 | |
| MarketAxess Holdings, Inc. | 68,810 | 13,688,373 | |
| Moelis & Co. Class A | 190,319 | 10,773,959 | |
| Morningstar, Inc. | 23,779 | 6,854,297 | |
| P10, Inc. Class A (b) | 1,465,957 | 11,844,933 | |
| PJT Partners, Inc. Class A (b) | 40,629 | 4,333,895 | |
| Robinhood Markets, Inc. (a) | 37,297 | 779,507 | |
| SEI Investments Co. | 161,057 | 10,905,169 | |
| Sprott, Inc. (b) | 223,376 | 10,025,115 | |
| StepStone Group, Inc. Class A | 227,594 | 9,772,886 | |
| Stifel Financial Corp. | 128,092 | 10,369,047 | |
| TPG, Inc. | 53,940 | 2,261,165 | |
| Victory Capital Holdings, Inc. | 42,700 | 2,221,681 | |
| Virtu Financial, Inc. Class A (b) | 621,886 | 13,681,492 | |
| WisdomTree Investments, Inc. (b) | 640,329 | 6,384,080 | |
| XP, Inc. Class A | 36,290 | 689,147 | |
| 272,174,933 | |||
| Consumer Finance - 0.4% | |||
| Ally Financial, Inc. | 99,300 | 3,869,721 | |
| Atlanticus Holdings Corp. (a)(b) | 685 | 17,605 | |
| Encore Capital Group, Inc. (a) | 1,842 | 81,490 | |
| Enova International, Inc. (a) | 60,952 | 3,757,691 | |
| FirstCash Holdings, Inc. | 79,958 | 9,428,647 | |
| LendingTree, Inc. (a) | 7,438 | 319,760 | |
| MoneyLion, Inc. Class A (a) | 2,432 | 239,552 | |
| Navient Corp. (b) | 280,800 | 4,231,656 | |
| OneMain Holdings, Inc. (b) | 89,982 | 4,419,916 | |
| PRA Group, Inc. (a)(b) | 8,213 | 177,237 | |
| PROG Holdings, Inc. (b) | 91,529 | 3,458,881 | |
| Regional Management Corp. | 73,803 | 2,029,583 | |
| SLM Corp. | 550,283 | 11,809,073 | |
| World Acceptance Corp. (a) | 30 | 3,855 | |
| 43,844,667 | |||
| Financial Services - 2.4% | |||
| Acacia Research Corp. (a)(b) | 2,376,327 | 13,259,905 | |
| Affirm Holdings, Inc. Class A, (a)(b) | 34,323 | 1,004,634 | |
| Banco Latinoamericano de Comer Series E | 75,700 | 2,271,757 | |
| Cannae Holdings, Inc. | 585,743 | 10,648,808 | |
| Cass Information Systems, Inc. (b) | 10,867 | 460,109 | |
| Corpay, Inc. (a) | 47,244 | 12,645,801 | |
| Enact Holdings, Inc. | 59,119 | 1,815,544 | |
| Equitable Holdings, Inc. (b) | 313,689 | 13,014,957 | |
| Essent Group Ltd. | 68,006 | 3,855,940 | |
| Euronet Worldwide, Inc. (a) | 329,458 | 38,408,214 | |
| EVERTEC, Inc. (b) | 253,598 | 8,868,322 | |
| Federal Agricultural Mortgage Corp. Class C (non-vtg.) | 31,071 | 5,427,172 | |
| Flywire Corp. (a) | 349,890 | 6,000,614 | |
| i3 Verticals, Inc. Class A (a) | 302,241 | 5,887,655 | |
| International Money Express, Inc. (a) | 45,517 | 949,485 | |
| Jack Henry & Associates, Inc. | 115,576 | 19,033,056 | |
| MGIC Investment Corp. | 261,047 | 5,481,987 | |
| Mr. Cooper Group, Inc. (a) | 2,650 | 221,010 | |
| NMI Holdings, Inc. Class A (a) | 151,905 | 5,040,208 | |
| PagSeguro Digital Ltd. (a) | 157,884 | 1,934,079 | |
| Payoneer Global, Inc. (a) | 980,656 | 5,874,129 | |
| PennyMac Financial Services, Inc. | 31,336 | 2,840,608 | |
| Radian Group, Inc. (b) | 326,247 | 10,191,956 | |
| Remitly Global, Inc. (a)(b) | 416,922 | 5,417,901 | |
| Repay Holdings Corp. (a) | 323,726 | 3,153,091 | |
| Shift4 Payments, Inc. (a)(b) | 115,614 | 7,778,510 | |
| StoneCo Ltd. Class A (a) | 17,751 | 245,674 | |
| The Western Union Co. (b) | 154,700 | 1,980,160 | |
| Toast, Inc. (a) | 13,481 | 326,645 | |
| Voya Financial, Inc. | 72,964 | 5,532,130 | |
| Walker & Dunlop, Inc. (b) | 95,196 | 9,137,864 | |
| WEX, Inc. (a) | 142,002 | 26,599,815 | |
| 235,307,740 | |||
| Insurance - 2.9% | |||
| AMBAC Financial Group, Inc. (a) | 32,136 | 569,450 | |
| American Financial Group, Inc. | 131,097 | 17,030,811 | |
| American International Group, Inc. | 118,190 | 9,315,736 | |
| Assurant, Inc. | 12,984 | 2,252,334 | |
| Assured Guaranty Ltd. | 53,621 | 4,167,424 | |
| Axis Capital Holdings Ltd. | 262,560 | 19,397,933 | |
| Brighthouse Financial, Inc. (a) | 18,884 | 840,527 | |
| Brown & Brown, Inc. | 221,441 | 19,821,184 | |
| CNA Financial Corp. (b) | 173,779 | 7,983,407 | |
| CNO Financial Group, Inc. | 171,505 | 4,920,478 | |
| Crawford & Co.: | |||
| Class A | 410,965 | 3,731,562 | |
| Class B | 117,226 | 1,005,799 | |
| Employers Holdings, Inc. | 55,974 | 2,360,983 | |
| Erie Indemnity Co. Class A | 24,590 | 8,912,154 | |
| Everest Re Group Ltd. | 69,528 | 27,180,581 | |
| First American Financial Corp. | 44,078 | 2,449,855 | |
| Genworth Financial, Inc. Class A (a) | 1,857,317 | 11,682,524 | |
| Globe Life, Inc. | 94,872 | 7,851,607 | |
| Goosehead Insurance (a)(b) | 24,106 | 1,554,837 | |
| Hanover Insurance Group, Inc. | 35,582 | 4,694,333 | |
| Kemper Corp. | 187,984 | 11,248,963 | |
| Kinsale Capital Group, Inc. (b) | 42,201 | 16,189,148 | |
| Lincoln National Corp. (b) | 232,770 | 7,679,082 | |
| Old Republic International Corp. | 209,200 | 6,648,376 | |
| Palomar Holdings, Inc. (a) | 1,526 | 129,466 | |
| Primerica, Inc. (b) | 34,540 | 7,802,241 | |
| Reinsurance Group of America, Inc. | 52,031 | 10,916,104 | |
| RenaissanceRe Holdings Ltd. | 22,521 | 5,131,635 | |
| RLI Corp. (b) | 129,401 | 18,889,958 | |
| Ryan Specialty Group Holdings, Inc. | 50,931 | 2,828,198 | |
| Selective Insurance Group, Inc. | 760 | 74,184 | |
| The Baldwin Insurance Group, Inc. Class A, (a) | 482,138 | 16,238,408 | |
| Universal Insurance Holdings, Inc. | 41,975 | 827,327 | |
| Unum Group | 148,758 | 8,012,106 | |
| W.R. Berkley Corp. | 22,491 | 1,822,446 | |
| White Mountains Insurance Group Ltd. | 12,766 | 23,068,162 | |
| 295,229,323 | |||
| Mortgage Real Estate Investment Trusts - 0.1% | |||
| AGNC Investment Corp. (b) | 346,295 | 3,320,969 | |
| Annaly Capital Management, Inc. | 93,300 | 1,838,010 | |
| Granite Point Mortgage Trust, Inc. | 48,308 | 152,170 | |
| KKR Real Estate Finance Trust, Inc. | 317 | 2,999 | |
| 5,314,148 | |||
TOTAL FINANCIALS | 1,148,026,148 | ||
| HEALTH CARE - 9.5% | |||
| Biotechnology - 2.1% | |||
| 4D Molecular Therapeutics, Inc. (a) | 2,360 | 56,569 | |
| ACADIA Pharmaceuticals, Inc. (a) | 70,614 | 1,066,271 | |
| ADMA Biologics, Inc. (a) | 10,241 | 97,802 | |
| Agios Pharmaceuticals, Inc. (a) | 373,695 | 13,580,076 | |
| Akero Therapeutics, Inc. (a) | 19,604 | 368,947 | |
| Altimmune, Inc. (a)(b) | 663,391 | 4,982,066 | |
| Amicus Therapeutics, Inc. (a) | 24,249 | 237,640 | |
| Apellis Pharmaceuticals, Inc. (a) | 17,276 | 678,083 | |
| Apogee Therapeutics, Inc. | 12,264 | 559,729 | |
| Arcturus Therapeutics Holdings, Inc. (a)(b) | 227,474 | 8,828,266 | |
| Arcus Biosciences, Inc. (a)(b) | 39,680 | 597,978 | |
| Arrowhead Pharmaceuticals, Inc. (a) | 9,419 | 216,166 | |
| Ascendis Pharma A/S sponsored ADR (a)(b) | 6,845 | 924,760 | |
| Avid Bioservices, Inc. (a)(b) | 977,183 | 7,905,410 | |
| Beam Therapeutics, Inc. (a) | 9,768 | 232,674 | |
| Blueprint Medicines Corp. (a) | 26,921 | 2,841,781 | |
| BridgeBio Pharma, Inc. (a) | 41,021 | 1,148,998 | |
| Catalyst Pharmaceutical Partners, Inc. (a) | 170,113 | 2,750,727 | |
| Crinetics Pharmaceuticals, Inc. (a) | 175,462 | 7,792,267 | |
| CRISPR Therapeutics AG (a)(b) | 1,109 | 59,598 | |
| Cytokinetics, Inc. (a) | 21,919 | 1,063,291 | |
| Deciphera Pharmaceuticals, Inc. (a) | 4,427 | 113,066 | |
| Denali Therapeutics, Inc. (a) | 16,747 | 310,824 | |
| Dynavax Technologies Corp. (a)(b) | 10,492 | 125,799 | |
| Dyne Therapeutics, Inc. (a) | 56,578 | 1,803,707 | |
| Emergent BioSolutions, Inc. (a)(b) | 88,638 | 505,237 | |
| Exact Sciences Corp. (a) | 169,409 | 7,699,639 | |
| Exelixis, Inc. (a) | 208,382 | 4,519,806 | |
| Fate Therapeutics, Inc. (a) | 9,071 | 33,381 | |
| Halozyme Therapeutics, Inc. (a) | 406,814 | 18,017,792 | |
| Ideaya Biosciences, Inc. (a) | 12,367 | 452,014 | |
| Incyte Corp. (a) | 30,300 | 1,751,037 | |
| Insmed, Inc. (a) | 198,081 | 10,904,359 | |
| Intellia Therapeutics, Inc. (a)(b) | 65,256 | 1,395,173 | |
| Ionis Pharmaceuticals, Inc. (a) | 35,539 | 1,335,200 | |
| Ironwood Pharmaceuticals, Inc. Class A (a)(b) | 420,000 | 2,646,000 | |
| iTeos Therapeutics, Inc. (a) | 51,670 | 864,956 | |
| Kiniksa Pharmaceuticals Ltd. (a)(b) | 45,012 | 855,678 | |
| Kura Oncology, Inc. (a) | 18,329 | 377,761 | |
| Legend Biotech Corp. ADR (a)(b) | 84,998 | 3,400,770 | |
| Madrigal Pharmaceuticals, Inc. (a)(b) | 16,511 | 3,899,238 | |
| Merus BV (a) | 2,276 | 121,174 | |
| Moonlake Immunotherapeutics Class A (a) | 13,410 | 545,251 | |
| Myriad Genetics, Inc. (a) | 10,524 | 239,526 | |
| Natera, Inc. (a) | 229,983 | 24,500,089 | |
| Neurocrine Biosciences, Inc. (a) | 89,024 | 12,054,740 | |
| Nurix Therapeutics, Inc. (a) | 2,467 | 38,855 | |
| Oyster Point Pharma, Inc. rights (a)(c) | 203,167 | 2 | |
| Protagonist Therapeutics, Inc. (a) | 6,008 | 169,125 | |
| PTC Therapeutics, Inc. (a) | 30,214 | 1,098,581 | |
| PureTech Health PLC (a)(b) | 1,204,899 | 3,627,429 | |
| Relay Therapeutics, Inc. (a) | 19,576 | 125,482 | |
| Repare Therapeutics, Inc. (a)(b) | 3,460 | 12,041 | |
| Repligen Corp. (a) | 13,869 | 2,067,729 | |
| Sarepta Therapeutics, Inc. (a) | 18,400 | 2,389,424 | |
| SpringWorks Therapeutics, Inc. (a)(b) | 248,984 | 10,322,877 | |
| Syndax Pharmaceuticals, Inc. (a) | 9,694 | 186,803 | |
| TG Therapeutics, Inc. (a) | 16,430 | 267,809 | |
| Twist Bioscience Corp. (a) | 2,488 | 104,247 | |
| Ultragenyx Pharmaceutical, Inc. (a) | 163,147 | 6,548,721 | |
| United Therapeutics Corp. (a) | 56,369 | 15,508,803 | |
| Vanda Pharmaceuticals, Inc. (a) | 97,770 | 499,605 | |
| Vaxcyte, Inc. (a) | 22,198 | 1,559,853 | |
| Veracyte, Inc. (a)(b) | 431,618 | 8,956,074 | |
| Vericel Corp. (a) | 9,093 | 433,736 | |
| Viking Therapeutics, Inc. (a) | 48,855 | 3,041,712 | |
| Vir Biotechnology, Inc. (a) | 21,613 | 221,966 | |
| Voyager Therapeutics, Inc. (a) | 9,892 | 83,093 | |
| Xenon Pharmaceuticals, Inc. (a) | 21,859 | 832,172 | |
| Zymeworks, Inc. (a) | 5,711 | 48,429 | |
| 212,605,884 | |||
| Health Care Equipment & Supplies - 2.6% | |||
| Abiomed, Inc. (a)(c) | 14,700 | 28,812 | |
| Align Technology, Inc. (a) | 9,876 | 2,540,206 | |
| Angiodynamics, Inc. (a) | 44,330 | 279,722 | |
| Atricure, Inc. (a) | 61,475 | 1,385,647 | |
| Atrion Corp. (b) | 1,263 | 581,296 | |
| AxoGen, Inc. (a)(b) | 1,167,545 | 7,974,332 | |
| Axonics, Inc. (a)(b) | 1,101 | 73,866 | |
| Bausch + Lomb Corp. (a)(b) | 251,360 | 3,855,862 | |
| Baxter International, Inc. | 72,003 | 2,454,582 | |
| CONMED Corp. | 22,404 | 1,712,562 | |
| Embecta Corp. | 334,517 | 4,137,975 | |
| Enovis Corp. (a) | 16,426 | 825,735 | |
| Envista Holdings Corp. (a) | 764,144 | 14,793,828 | |
| Establishment Labs Holdings, Inc. (a)(b) | 2,629 | 137,313 | |
| Globus Medical, Inc. (a) | 219,519 | 14,731,920 | |
| Haemonetics Corp. (a) | 34,780 | 2,924,302 | |
| ICU Medical, Inc. (a) | 80,782 | 8,590,358 | |
| Inari Medical, Inc. (a) | 34,270 | 1,713,500 | |
| InMode Ltd. (a)(b) | 18,592 | 355,665 | |
| Inspire Medical Systems, Inc. (a) | 502 | 79,713 | |
| Insulet Corp. (a) | 33,193 | 5,881,468 | |
| Integra LifeSciences Holdings Corp. (a) | 356,063 | 11,002,347 | |
| iRhythm Technologies, Inc. (a) | 18,037 | 1,591,044 | |
| Lantheus Holdings, Inc. (a) | 394,141 | 32,252,558 | |
| LeMaitre Vascular, Inc. | 16,770 | 1,322,818 | |
| Masimo Corp. (a) | 19,171 | 2,386,790 | |
| Merit Medical Systems, Inc. (a) | 307,125 | 24,923,194 | |
| Neogen Corp. (a)(b) | 430,242 | 5,657,682 | |
| Nevro Corp. (a) | 275,556 | 2,576,449 | |
| Novocure Ltd. (a) | 69,369 | 1,526,812 | |
| Omnicell, Inc. (a) | 63,278 | 2,062,230 | |
| OrthoPediatrics Corp. (a)(b) | 108,328 | 3,420,998 | |
| Penumbra, Inc. (a) | 34,502 | 6,537,094 | |
| QuidelOrtho Corp. (a) | 436,260 | 19,278,329 | |
| STERIS PLC | 141,804 | 31,605,276 | |
| Tandem Diabetes Care, Inc. (a)(b) | 195,103 | 9,995,127 | |
| Teleflex, Inc. | 39,545 | 8,267,673 | |
| The Cooper Companies, Inc. | 120,784 | 11,391,139 | |
| TransMedics Group, Inc. (a) | 72,132 | 9,838,805 | |
| 260,695,029 | |||
| Health Care Providers & Services - 2.2% | |||
| Acadia Healthcare Co., Inc. (a) | 314,153 | 21,642,000 | |
| AdaptHealth Corp. (a) | 246 | 2,332 | |
| Addus HomeCare Corp. (a) | 3,811 | 437,541 | |
| AMN Healthcare Services, Inc. (a)(b) | 174,418 | 9,756,943 | |
| BrightSpring Health Services, Inc. | 83,725 | 941,906 | |
| Castle Biosciences, Inc. (a) | 572,916 | 13,326,026 | |
| Chemed Corp. | 90,473 | 50,155,517 | |
| Corvel Corp. (a) | 9,086 | 2,179,277 | |
| Cross Country Healthcare, Inc. (a) | 913 | 13,805 | |
| DaVita, Inc. (a) | 17,900 | 2,633,448 | |
| dentalcorp Holdings Ltd. (a) | 2,609,069 | 13,380,823 | |
| Encompass Health Corp. | 293,843 | 25,385,097 | |
| Guardant Health, Inc. (a) | 9,145 | 247,830 | |
| HealthEquity, Inc. (a) | 287,304 | 23,466,991 | |
| Henry Schein, Inc. (a) | 143,285 | 9,935,382 | |
| Hims & Hers Health, Inc. (a) | 13,552 | 263,180 | |
| Molina Healthcare, Inc. (a) | 33,994 | 10,693,833 | |
| National Research Corp. Class A | 14,272 | 400,758 | |
| Opko Health, Inc. (a)(b) | 1,044,896 | 1,431,508 | |
| Patterson Companies, Inc. | 201,435 | 4,953,287 | |
| Pediatrix Medical Group, Inc. (a) | 564,840 | 4,128,980 | |
| Privia Health Group, Inc. (a) | 4,882 | 84,800 | |
| Progyny, Inc. (a) | 24,647 | 664,237 | |
| R1 RCM, Inc. (a) | 256,294 | 3,295,941 | |
| RadNet, Inc. (a) | 37,555 | 2,202,225 | |
| Surgery Partners, Inc. (a) | 50,730 | 1,400,148 | |
| Tenet Healthcare Corp. (a) | 794 | 107,365 | |
| The Ensign Group, Inc. | 9,402 | 1,139,898 | |
| Universal Health Services, Inc. Class B | 96,847 | 18,381,561 | |
| 222,652,639 | |||
| Health Care Technology - 0.4% | |||
| Certara, Inc. (a) | 663,434 | 11,245,206 | |
| Doximity, Inc. (a)(b) | 818,720 | 22,703,106 | |
| Health Catalyst, Inc. (a) | 14,974 | 99,278 | |
| HealthStream, Inc. | 23,567 | 643,143 | |
| iCAD, Inc. (a) | 678,124 | 983,280 | |
| Phreesia, Inc. (a) | 23,707 | 448,536 | |
| Simulations Plus, Inc. (b) | 15,075 | 727,218 | |
| Teladoc Health, Inc. (a)(b) | 254,622 | 2,861,951 | |
| 39,711,718 | |||
| Life Sciences Tools & Services - 1.6% | |||
| 10X Genomics, Inc. (a) | 7,230 | 162,097 | |
| Avantor, Inc. (a)(b) | 739,343 | 17,803,379 | |
| Azenta, Inc. (a) | 167,761 | 8,473,608 | |
| Bio-Rad Laboratories, Inc. Class A (a) | 34,978 | 10,033,789 | |
| Bio-Techne Corp. | 186,522 | 14,397,633 | |
| BioLife Solutions, Inc. (a)(b) | 519,687 | 11,162,877 | |
| Bruker Corp. | 15,157 | 992,935 | |
| Charles River Laboratories International, Inc. (a) | 2,499 | 520,892 | |
| CryoPort, Inc. (a)(b) | 97,742 | 1,004,788 | |
| Fortrea Holdings, Inc. | 293,897 | 7,462,045 | |
| Gerresheimer AG | 98,179 | 11,246,541 | |
| Harvard Bioscience, Inc. (a) | 336,229 | 1,065,846 | |
| ICON PLC (a) | 8,456 | 2,746,678 | |
| Lonza Group AG ADR (b) | 140,862 | 7,634,720 | |
| Maravai LifeSciences Holdings, Inc. Class A (a) | 699,585 | 6,065,402 | |
| MaxCyte, Inc. (a) | 659,346 | 2,953,870 | |
| Medpace Holdings, Inc. (a) | 47,240 | 18,250,702 | |
| QIAGEN NV | 7,368 | 318,740 | |
| Quanterix Corp. (a) | 873,171 | 13,944,541 | |
| Seer, Inc. (a) | 53,794 | 96,829 | |
| Sotera Health Co. (a) | 743,387 | 8,311,067 | |
| Stevanato Group SpA (b) | 83,730 | 1,701,394 | |
| West Pharmaceutical Services, Inc. | 24,379 | 8,079,444 | |
| 154,429,817 | |||
| Pharmaceuticals - 0.6% | |||
| Amphastar Pharmaceuticals, Inc. (a) | 58,076 | 2,458,357 | |
| Arvinas Holding Co. LLC (a) | 94,623 | 3,135,806 | |
| Atea Pharmaceuticals, Inc. (a) | 110,737 | 406,405 | |
| Corcept Therapeutics, Inc. (a)(b) | 176,903 | 5,337,164 | |
| Elanco Animal Health, Inc. (a) | 105,178 | 1,859,547 | |
| Harmony Biosciences Holdings, Inc. (a)(b) | 22,809 | 670,585 | |
| Intra-Cellular Therapies, Inc. (a) | 126,152 | 8,482,460 | |
| Jazz Pharmaceuticals PLC (a)(b) | 73,722 | 7,759,241 | |
| Nuvation Bio, Inc. Class A (a)(b) | 42,169 | 130,724 | |
| Organon & Co. (b) | 240,443 | 5,128,649 | |
| Pacira Biosciences, Inc. (a)(b) | 93,997 | 2,850,929 | |
| Perrigo Co. PLC | 85,896 | 2,364,717 | |
| Phathom Pharmaceuticals, Inc. (a)(b) | 746,710 | 7,034,008 | |
| Prestige Consumer Healthcare, Inc. (a) | 54,454 | 3,501,937 | |
| SIGA Technologies, Inc. (b) | 13,551 | 101,361 | |
| Supernus Pharmaceuticals, Inc. (a) | 97,658 | 2,648,485 | |
| Tilray Brands, Inc. Class 2 (a)(b) | 16,668 | 30,002 | |
| Viatris, Inc. | 235,900 | 2,500,540 | |
| 56,400,917 | |||
TOTAL HEALTH CARE | 946,496,004 | ||
| INDUSTRIALS - 18.4% | |||
| Aerospace & Defense - 1.8% | |||
| AAR Corp. (a) | 49,846 | 3,538,568 | |
| AeroVironment, Inc. (a) | 53,758 | 10,867,180 | |
| Axon Enterprise, Inc. (a) | 45,205 | 12,732,892 | |
| BWX Technologies, Inc. | 229,335 | 21,128,634 | |
| Cadre Holdings, Inc. | 9,396 | 308,565 | |
| Curtiss-Wright Corp. | 82,936 | 23,455,960 | |
| Ducommun, Inc. (a) | 6,168 | 358,854 | |
| Hexcel Corp. | 2,301 | 158,470 | |
| Howmet Aerospace, Inc. | 126,325 | 10,693,411 | |
| Huntington Ingalls Industries, Inc. | 23,560 | 5,963,036 | |
| Intuitive Machines, Inc. Class A (a)(b) | 6,424 | 32,184 | |
| Kratos Defense & Security Solutions, Inc. (a) | 830,589 | 18,057,005 | |
| Loar Holdings, Inc. (a)(b) | 69,367 | 3,951,838 | |
| Mercury Systems, Inc. (a) | 347,378 | 10,751,349 | |
| Moog, Inc. Class A | 31,400 | 5,320,102 | |
| Rheinmetall AG ADR | 192,435 | 22,053,051 | |
| Textron, Inc. | 123,146 | 10,788,821 | |
| Thales SA ADR | 251,420 | 9,131,574 | |
| Woodward, Inc. | 59,566 | 11,109,059 | |
| 180,400,553 | |||
| Air Freight & Logistics - 0.2% | |||
| Air Transport Services Group, Inc. (a) | 700,792 | 9,460,692 | |
| Forward Air Corp. (b) | 23,452 | 393,994 | |
| GXO Logistics, Inc. (a) | 230,073 | 11,556,567 | |
| 21,411,253 | |||
| Building Products - 2.0% | |||
| A.O. Smith Corp. | 152,880 | 12,786,883 | |
| Advanced Drain Systems, Inc. | 24,101 | 4,181,282 | |
| American Woodmark Corp. (a) | 2,240 | 192,886 | |
| Apogee Enterprises, Inc. | 70,192 | 4,560,374 | |
| Armstrong World Industries, Inc. | 116,822 | 13,527,988 | |
| Builders FirstSource, Inc. (a) | 139,591 | 22,444,837 | |
| Carlisle Companies, Inc. | 60,799 | 25,431,614 | |
| Daikin Industries Ltd. ADR (b) | 281,787 | 4,108,454 | |
| Fortune Brands Innovations, Inc. | 278,110 | 19,484,387 | |
| Gibraltar Industries, Inc. (a) | 123,731 | 9,336,741 | |
| Griffon Corp. | 63,325 | 4,276,971 | |
| Hayward Holdings, Inc. (a) | 710,561 | 10,296,029 | |
| Janus International Group, Inc. (a) | 35,682 | 495,266 | |
| Jeld-Wen Holding, Inc. (a) | 10,971 | 170,160 | |
| Lennox International, Inc. | 24,502 | 12,314,705 | |
| MasterBrand, Inc. (a)(b) | 128,334 | 2,144,461 | |
| Munters Group AB (d) | 163,454 | 3,578,217 | |
| Owens Corning | 81,303 | 14,721,534 | |
| Quanex Building Products Corp. (b) | 1,132 | 37,311 | |
| Resideo Technologies, Inc. (a) | 5,037 | 108,799 | |
| Simpson Manufacturing Co. Ltd. | 61,542 | 10,211,049 | |
| Tecnoglass, Inc. (b) | 240,786 | 12,667,751 | |
| The AZEK Co., Inc. Class A, (a) | 120,612 | 5,784,552 | |
| Trex Co., Inc. (a) | 94,594 | 8,180,489 | |
| Zurn Elkay Water Solutions Cor | 81,882 | 2,563,725 | |
| 203,606,465 | |||
| Commercial Services & Supplies - 2.4% | |||
| ABM Industries, Inc. | 158,608 | 7,497,400 | |
| ACCO Brands Corp. (b) | 96,400 | 490,676 | |
| ACV Auctions, Inc. Class A (a) | 2,014,816 | 35,964,466 | |
| Brady Corp. Class A | 109,624 | 7,484,030 | |
| BrightView Holdings, Inc. (a)(b) | 237,232 | 3,276,174 | |
| Casella Waste Systems, Inc. Class A (a)(b) | 140,914 | 14,174,539 | |
| Cimpress PLC (a)(b) | 87,600 | 7,227,876 | |
| Civeo Corp. | 2,473 | 60,267 | |
| CoreCivic, Inc. (a) | 1,014,761 | 16,286,914 | |
| Deluxe Corp. | 56,100 | 1,275,153 | |
| Driven Brands Holdings, Inc. (a) | 577,917 | 6,640,266 | |
| Ennis, Inc. | 25,488 | 536,013 | |
| GFL Environmental, Inc. (b) | 117,024 | 3,682,745 | |
| Healthcare Services Group, Inc. (a) | 28,912 | 311,671 | |
| Millerknoll, Inc. (b) | 384,568 | 10,606,385 | |
| MSA Safety, Inc. | 75,432 | 13,577,760 | |
| OpenLane, Inc. (a) | 323,842 | 5,586,275 | |
| RB Global, Inc. (b) | 388,002 | 28,199,985 | |
| Stericycle, Inc. (a) | 373,732 | 19,262,147 | |
| Tetra Tech, Inc. | 14,087 | 2,951,086 | |
| The Brink's Co. | 182,237 | 18,814,148 | |
| UniFirst Corp. | 86,787 | 13,764,418 | |
| Viad Corp. (a) | 131,197 | 4,585,335 | |
| Waste Connections, Inc. (United States) | 88,228 | 14,497,625 | |
| 236,753,354 | |||
| Construction & Engineering - 1.7% | |||
| AECOM | 50,905 | 4,446,043 | |
| API Group Corp. (a) | 257,996 | 9,194,977 | |
| Argan, Inc. | 116,798 | 8,249,443 | |
| Comfort Systems U.S.A., Inc. (b) | 50,200 | 16,432,468 | |
| Dycom Industries, Inc. (a) | 46,608 | 8,387,576 | |
| EMCOR Group, Inc. | 82,569 | 32,091,268 | |
| Fluor Corp. (a) | 209,781 | 9,104,495 | |
| Granite Construction, Inc. (b) | 62,835 | 3,913,992 | |
| IES Holdings, Inc. (a) | 27,386 | 4,174,996 | |
| MasTec, Inc. (a) | 105,309 | 11,820,935 | |
| Matrix Service Co. (a) | 254,189 | 3,070,603 | |
| MDU Resources Group, Inc. | 253,625 | 6,401,495 | |
| MYR Group, Inc. (a) | 1,636 | 253,678 | |
| Orion Group Holdings, Inc. (a) | 397,043 | 4,280,124 | |
| Primoris Services Corp. | 74,256 | 4,066,259 | |
| Sterling Construction Co., Inc. (a) | 14,874 | 1,827,568 | |
| Valmont Industries, Inc. | 13,146 | 3,304,904 | |
| Willscot Mobile Mini Holdings (a) | 1,099,743 | 43,362,866 | |
| 174,383,690 | |||
| Electrical Equipment - 1.5% | |||
| Acuity Brands, Inc. (b) | 80,473 | 20,891,596 | |
| Atkore, Inc. (b) | 291,711 | 44,383,829 | |
| Encore Wire Corp. | 16,199 | 4,677,137 | |
| EnerSys | 49,612 | 5,350,158 | |
| Generac Holdings, Inc. (a) | 65,487 | 9,640,341 | |
| nVent Electric PLC | 176,375 | 14,353,398 | |
| Powell Industries, Inc. (b) | 9,004 | 1,619,459 | |
| Regal Rexnord Corp. | 45,588 | 6,817,230 | |
| Sensata Technologies PLC | 639,819 | 26,437,321 | |
| Shoals Technologies Group, Inc. (a) | 564,868 | 4,445,511 | |
| Vertiv Holdings Co. | 75,137 | 7,368,686 | |
| 145,984,666 | |||
| Ground Transportation - 0.6% | |||
| ArcBest Corp. | 95,618 | 10,089,611 | |
| Heartland Express, Inc. | 264,990 | 2,999,687 | |
| Knight-Swift Transportation Holdings, Inc. Class A | 246,811 | 11,908,631 | |
| Landstar System, Inc. | 82,231 | 14,968,509 | |
| Lyft, Inc. (a) | 9,171 | 143,159 | |
| Ryder System, Inc. (b) | 42,000 | 5,101,740 | |
| Saia, Inc. (a) | 14,911 | 6,105,756 | |
| XPO, Inc. (a) | 41,389 | 4,427,795 | |
| 55,744,888 | |||
| Machinery - 3.1% | |||
| AGCO Corp. | 60,000 | 6,439,800 | |
| Allison Transmission Holdings, Inc. | 287,240 | 21,775,664 | |
| Atmus Filtration Technologies, Inc. | 86,330 | 2,662,417 | |
| Chart Industries, Inc. (a)(b) | 122,206 | 19,190,008 | |
| CNH Industrial NV (b) | 405,400 | 4,281,024 | |
| Crane Co. | 48,158 | 7,179,395 | |
| Donaldson Co., Inc. (b) | 156,116 | 11,502,627 | |
| Flowserve Corp. | 138,826 | 6,899,652 | |
| Gates Industrial Corp. PLC (a)(b) | 897,450 | 15,633,579 | |
| Graco, Inc. | 237,712 | 19,195,244 | |
| Hillman Solutions Corp. Class A (a) | 889,433 | 8,173,889 | |
| IDEX Corp. | 73,261 | 15,285,175 | |
| Ingersoll Rand, Inc. | 23,842 | 2,218,498 | |
| ITT, Inc. | 88,912 | 11,814,627 | |
| Kadant, Inc. (b) | 11,542 | 3,301,127 | |
| Kennametal, Inc. (b) | 57,724 | 1,486,393 | |
| Lincoln Electric Holdings, Inc. | 94,097 | 18,476,887 | |
| Manitowoc Co., Inc. (a) | 39,707 | 493,558 | |
| Middleby Corp. (a) | 98,237 | 12,663,732 | |
| Mueller Industries, Inc. (b) | 202,728 | 11,942,706 | |
| Nordson Corp. | 58,307 | 13,685,819 | |
| Omega Flex, Inc. (b) | 3,289 | 194,742 | |
| Oshkosh Corp. | 177,808 | 20,222,104 | |
| RBC Bearings, Inc. (a)(b) | 76,607 | 22,620,515 | |
| Shyft Group, Inc. (The) | 8,167 | 103,476 | |
| Snap-On, Inc. | 74,336 | 20,283,321 | |
| Standex International Corp. (b) | 11,732 | 1,973,440 | |
| Timken Co. (b) | 24,900 | 2,163,561 | |
| Titan International, Inc. (a) | 109,800 | 908,046 | |
| Toro Co. | 315,182 | 25,274,445 | |
| Watts Water Technologies, Inc. Class A (b) | 26,982 | 5,372,926 | |
| 313,418,397 | |||
| Marine Transportation - 0.4% | |||
| Kirby Corp. (a) | 70,448 | 8,747,528 | |
| Matson, Inc. | 162,195 | 20,793,399 | |
| Navios Maritime Partners LP (b) | 53,222 | 2,630,763 | |
| Star Bulk Carriers Corp. (b) | 263,592 | 7,138,071 | |
| 39,309,761 | |||
| Passenger Airlines - 0.1% | |||
| Alaska Air Group, Inc. (a) | 199,277 | 8,373,620 | |
| American Airlines Group, Inc. (a)(b) | 69,358 | 797,617 | |
| Hawaiian Holdings, Inc. (a) | 4,181 | 57,112 | |
| JetBlue Airways Corp. (a)(b) | 201,955 | 1,128,928 | |
| United Airlines Holdings, Inc. (a) | 49,900 | 2,644,201 | |
| 13,001,478 | |||
| Professional Services - 3.3% | |||
| Alight, Inc. Class A (a) | 6,564,494 | 50,874,829 | |
| Barrett Business Services, Inc. | 6,233 | 824,875 | |
| Booz Allen Hamilton Holding Corp. Class A | 51,446 | 7,830,596 | |
| Broadridge Financial Solutions, Inc. | 36,738 | 7,375,888 | |
| CACI International, Inc. Class A (a) | 68,973 | 29,277,659 | |
| CBIZ, Inc. (a) | 217,014 | 16,454,001 | |
| Clarivate PLC (a)(b) | 820,135 | 4,674,770 | |
| Concentrix Corp. | 44,716 | 2,742,432 | |
| CSG Systems International, Inc. | 31,500 | 1,359,225 | |
| Dun & Bradstreet Holdings, Inc. | 722,217 | 6,926,061 | |
| ExlService Holdings, Inc. (a) | 533,053 | 15,916,963 | |
| Exponent, Inc. | 49,908 | 4,747,249 | |
| First Advantage Corp. (b) | 828,614 | 13,307,541 | |
| Forrester Research, Inc. (a) | 134,928 | 2,427,355 | |
| Franklin Covey Co. (a) | 12,709 | 470,233 | |
| FTI Consulting, Inc. (a) | 31,653 | 6,799,064 | |
| Genpact Ltd. (b) | 160,758 | 5,314,659 | |
| Heidrick & Struggles International, Inc. | 62,635 | 2,147,128 | |
| Huron Consulting Group, Inc. (a) | 36,455 | 3,219,341 | |
| Insperity, Inc. | 19,420 | 1,839,462 | |
| Jacobs Solutions, Inc. | 31,399 | 4,375,137 | |
| KBR, Inc. | 911 | 59,816 | |
| Kelly Services, Inc. Class A (non-vtg.) | 77,059 | 1,675,263 | |
| Kforce, Inc. (b) | 20,836 | 1,287,873 | |
| ManpowerGroup, Inc. (b) | 76,247 | 5,689,551 | |
| Marlowe PLC (b) | 2,389,828 | 17,019,529 | |
| Maximus, Inc. | 125,425 | 10,799,093 | |
| Paycor HCM, Inc. (a) | 196,817 | 2,434,626 | |
| Paylocity Holding Corp. (a) | 150,820 | 21,442,079 | |
| Robert Half, Inc. | 236,437 | 15,186,349 | |
| Science Applications International Corp. | 25,204 | 3,393,719 | |
| SS&C Technologies Holdings, Inc. | 242,724 | 15,061,024 | |
| TransUnion | 275,589 | 19,820,361 | |
| TriNet Group, Inc. | 23,220 | 2,414,183 | |
| UL Solutions, Inc. Class A | 238,464 | 9,197,556 | |
| Verra Mobility Corp. (a) | 420,142 | 11,192,583 | |
| WNS Holdings Ltd. | 115,140 | 5,781,179 | |
| 331,359,252 | |||
| Trading Companies & Distributors - 1.3% | |||
| Applied Industrial Technologies, Inc. | 74,954 | 14,466,122 | |
| Beacon Roofing Supply, Inc. (a) | 100,652 | 9,769,283 | |
| BlueLinx Corp. (a) | 8,554 | 880,121 | |
| Boise Cascade Co. | 32,032 | 4,397,673 | |
| Core & Main, Inc. (a) | 448,816 | 25,833,849 | |
| Custom Truck One Source, Inc. Class A (a)(b) | 672,475 | 3,207,706 | |
| DNOW, Inc. (a) | 185,026 | 2,699,529 | |
| EVI Industries, Inc. | 71,810 | 1,504,420 | |
| GATX Corp. | 7,533 | 1,039,253 | |
| GMS, Inc. (a) | 5,371 | 504,659 | |
| Herc Holdings, Inc. | 56,184 | 8,150,613 | |
| Hudson Technologies, Inc. (a) | 265,180 | 2,362,754 | |
| McGrath RentCorp. | 23,751 | 2,588,384 | |
| MSC Industrial Direct Co., Inc. Class A | 72,177 | 6,200,004 | |
| SiteOne Landscape Supply, Inc. (a)(b) | 82,814 | 12,821,263 | |
| Watsco, Inc. (b) | 29,757 | 14,131,599 | |
| WESCO International, Inc. | 80,477 | 14,444,817 | |
| 125,002,049 | |||
TOTAL INDUSTRIALS | 1,840,375,806 | ||
| INFORMATION TECHNOLOGY - 10.6% | |||
| Communications Equipment - 0.4% | |||
| Applied Optoelectronics, Inc. (a)(b) | 439,181 | 4,607,009 | |
| Calix, Inc. (a) | 209,918 | 7,494,073 | |
| Ciena Corp. (a) | 75,677 | 3,645,361 | |
| Clearfield, Inc. (a)(b) | 76,470 | 2,925,742 | |
| Extreme Networks, Inc. (a) | 123,003 | 1,371,483 | |
| Infinera Corp. (a)(b) | 553,137 | 3,163,944 | |
| Juniper Networks, Inc. | 314,369 | 11,213,542 | |
| KVH Industries, Inc. (a) | 1,756 | 9,096 | |
| Lumentum Holdings, Inc. (a) | 137,180 | 5,967,330 | |
| NETGEAR, Inc. (a) | 69,933 | 965,775 | |
| NetScout Systems, Inc. (a) | 63,255 | 1,299,258 | |
| ViaSat, Inc. (a)(b) | 33,397 | 564,075 | |
| 43,226,688 | |||
| Electronic Equipment, Instruments & Components - 2.8% | |||
| Arrow Electronics, Inc. (a) | 128,390 | 16,858,891 | |
| Avnet, Inc. | 199,020 | 10,866,492 | |
| Badger Meter, Inc. | 31,776 | 6,131,497 | |
| Bel Fuse, Inc. Class B (non-vtg.) (b) | 124,514 | 8,491,855 | |
| Belden, Inc. | 98,725 | 9,446,995 | |
| Benchmark Electronics, Inc. | 1,787 | 76,966 | |
| Celestica, Inc. (a) | 273,679 | 15,304,130 | |
| Cognex Corp. | 752,056 | 34,233,589 | |
| CTS Corp. (b) | 30,075 | 1,592,471 | |
| ePlus, Inc. (a) | 85,476 | 6,397,024 | |
| Fabrinet (a) | 51,064 | 12,231,360 | |
| Flex Ltd. (a) | 447,666 | 14,831,175 | |
| Identiv, Inc. (a) | 666,297 | 2,898,392 | |
| Insight Enterprises, Inc. (a) | 11,746 | 2,296,343 | |
| IPG Photonics Corp. (a) | 29,144 | 2,527,659 | |
| Itron, Inc. (a) | 10,097 | 1,085,932 | |
| Jabil, Inc. | 43,612 | 5,185,467 | |
| Littelfuse, Inc. | 1,442 | 370,017 | |
| Methode Electronics, Inc. (b) | 14,767 | 173,955 | |
| Napco Security Technologies, Inc. | 28,641 | 1,422,026 | |
| Novanta, Inc. (a) | 22,593 | 3,663,681 | |
| Par Technology Corp. (a)(b) | 152,993 | 6,826,548 | |
| PC Connection, Inc. | 12,164 | 822,773 | |
| Powerfleet, Inc. (a)(b) | 1,588,444 | 8,434,638 | |
| Sanmina Corp. (a) | 135,595 | 9,293,681 | |
| ScanSource, Inc. (a) | 52,000 | 2,466,360 | |
| TD SYNNEX Corp. | 282,842 | 37,007,047 | |
| Trimble, Inc. (a) | 574,881 | 32,009,374 | |
| TTM Technologies, Inc. (a) | 603,709 | 11,228,987 | |
| Vishay Intertechnology, Inc. (b) | 69,300 | 1,637,559 | |
| Vishay Precision Group, Inc. (a) | 11,981 | 404,598 | |
| Vontier Corp. | 218,870 | 8,750,423 | |
| Zebra Technologies Corp. Class A (a) | 21,609 | 6,749,355 | |
| 281,717,260 | |||
| IT Services - 0.5% | |||
| Akamai Technologies, Inc. (a) | 30,209 | 2,786,478 | |
| Amdocs Ltd. | 169,145 | 13,362,455 | |
| Applied Digital Corp. (a)(b) | 360,293 | 1,524,039 | |
| Brightcove, Inc. (a) | 4,709 | 9,842 | |
| Couchbase, Inc. (a) | 245,809 | 5,572,490 | |
| DXC Technology Co. (a) | 13,704 | 213,097 | |
| Fastly, Inc. Class A (a)(b) | 12,086 | 94,754 | |
| Globant SA (a) | 52,128 | 8,398,863 | |
| Hackett Group, Inc. (b) | 22,277 | 497,000 | |
| Kyndryl Holdings, Inc. (a) | 77,159 | 2,053,201 | |
| Okta, Inc. (a) | 126,325 | 11,202,501 | |
| Squarespace, Inc. Class A (a) | 6,513 | 286,572 | |
| 46,001,292 | |||
| Semiconductors & Semiconductor Equipment - 2.4% | |||
| ACM Research, Inc. Class A, (a) | 362,798 | 7,836,437 | |
| Allegro MicroSystems LLC (a)(b) | 313,039 | 9,434,995 | |
| Ambarella, Inc. (a) | 91,534 | 5,332,771 | |
| Amkor Technology, Inc. | 586,188 | 19,103,867 | |
| Astera Labs, Inc. (b) | 5,290 | 341,417 | |
| Axcelis Technologies, Inc. (a) | 75,300 | 8,470,497 | |
| Cirrus Logic, Inc. (a) | 71,421 | 8,191,989 | |
| Credo Technology Group Holding Ltd. (a) | 11,827 | 308,330 | |
| Diodes, Inc. (a) | 48,679 | 3,608,574 | |
| Entegris, Inc. | 227,359 | 28,726,810 | |
| FormFactor, Inc. (a) | 211,919 | 11,596,208 | |
| GlobalFoundries, Inc. (a)(b) | 213,411 | 10,457,139 | |
| indie Semiconductor, Inc. (a)(b) | 934,425 | 6,232,615 | |
| Lattice Semiconductor Corp. (a) | 246,245 | 18,281,229 | |
| MACOM Technology Solutions Holdings, Inc. (a)(b) | 125,980 | 12,741,617 | |
| Maxeon Solar Technologies Ltd. (a)(b) | 23,234 | 43,680 | |
| Micron Technology, Inc. | 81,491 | 10,186,375 | |
| Monolithic Power Systems, Inc. | 3,557 | 2,616,636 | |
| NVE Corp. (b) | 4,761 | 369,120 | |
| ON Semiconductor Corp. (a) | 37,047 | 2,705,913 | |
| Onto Innovation, Inc. (a) | 18,847 | 4,084,145 | |
| Photronics, Inc. (a) | 66,907 | 1,829,906 | |
| Power Integrations, Inc. (b) | 307,995 | 23,410,700 | |
| Qorvo, Inc. (a) | 24,133 | 2,374,446 | |
| Rambus, Inc. (a) | 2,714 | 149,976 | |
| Semtech Corp. (a)(b) | 121,605 | 4,729,218 | |
| Silicon Laboratories, Inc. (a) | 39,455 | 4,978,037 | |
| Silicon Motion Tech Corp. sponsored ADR | 110,592 | 8,636,129 | |
| Skyworks Solutions, Inc. | 13,100 | 1,213,846 | |
| SMART Global Holdings, Inc. (a) | 215,256 | 4,429,968 | |
| SolarEdge Technologies, Inc. (a) | 6,306 | 308,931 | |
| Synaptics, Inc. (a) | 79,536 | 7,453,319 | |
| Teradyne, Inc. | 63,452 | 8,942,925 | |
| Universal Display Corp. | 13,144 | 2,309,401 | |
| 241,437,166 | |||
| Software - 3.9% | |||
| 8x8, Inc. (a) | 1,024,530 | 2,796,967 | |
| ACI Worldwide, Inc. (a) | 532,935 | 19,190,989 | |
| Adeia, Inc. (b) | 161,900 | 1,915,277 | |
| Alarm.com Holdings, Inc. (a) | 80,128 | 5,241,172 | |
| American Software, Inc. Class A | 28,501 | 292,420 | |
| AppLovin Corp. Class A, (a) | 83,907 | 6,836,742 | |
| Blackbaud, Inc. (a) | 71,909 | 5,604,587 | |
| Box, Inc. Class A (a) | 20,074 | 547,017 | |
| CCC Intelligent Solutions Holdings, Inc. Class A (a) | 752,447 | 8,412,357 | |
| Cellebrite DI Ltd. (a)(b) | 520,715 | 5,545,615 | |
| Check Point Software Technologies Ltd. (a) | 34,019 | 5,119,860 | |
| Clear Secure, Inc. (b) | 29,865 | 504,420 | |
| Clearwater Analytics Holdings, Inc. (a) | 782,555 | 14,852,894 | |
| CommVault Systems, Inc. (a) | 127,178 | 13,682,445 | |
| Confluent, Inc. (a) | 17,025 | 442,139 | |
| Consensus Cloud Solutions, Inc. (a) | 387,320 | 7,308,728 | |
| CyberArk Software Ltd. (a) | 52,294 | 11,988,400 | |
| Descartes Systems Group, Inc. (a) | 142,448 | 13,152,224 | |
| Digital Turbine, Inc. (a)(b) | 423,907 | 801,184 | |
| Dolby Laboratories, Inc. Class A | 60,682 | 4,915,849 | |
| Dropbox, Inc. Class A (a) | 104,907 | 2,363,555 | |
| Dynatrace, Inc. (a) | 323,799 | 14,807,328 | |
| Elastic NV (a) | 27,498 | 2,861,167 | |
| Fair Isaac Corp. (a) | 1,419 | 1,830,411 | |
| Five9, Inc. (a) | 54,006 | 2,525,321 | |
| Freshworks, Inc. (a) | 110,945 | 1,428,972 | |
| Gen Digital, Inc. | 574,336 | 14,260,763 | |
| GitLab, Inc. (a) | 22,600 | 1,066,494 | |
| Guidewire Software, Inc. (a)(b) | 78,440 | 8,935,885 | |
| HashiCorp, Inc. (a) | 1,903 | 63,903 | |
| HubSpot, Inc. (a) | 2,890 | 1,765,935 | |
| Hut 8 Mining Corp. (a)(b) | 22,104 | 192,084 | |
| Informatica, Inc. (a) | 37,582 | 1,084,241 | |
| Intapp, Inc. (a) | 4,396 | 157,816 | |
| InterDigital, Inc. (b) | 37,585 | 4,279,804 | |
| JFrog Ltd. (a)(b) | 207,407 | 6,672,283 | |
| Klaviyo, Inc. Class A (b) | 73,798 | 1,670,787 | |
| Liveramp Holdings, Inc. (a) | 14,215 | 444,787 | |
| Manhattan Associates, Inc. (a) | 199,791 | 43,862,116 | |
| MicroStrategy, Inc. Class A (a)(b) | 419 | 638,761 | |
| Mitek Systems, Inc. (a)(b) | 433,216 | 5,436,861 | |
| Model N, Inc. (a) | 9,060 | 270,803 | |
| Monday.com Ltd. (a) | 9,478 | 2,141,175 | |
| N-able, Inc. (a) | 302,460 | 4,037,841 | |
| nCino, Inc. (a) | 329,508 | 10,059,879 | |
| NCR Voyix Corp. (a) | 469,868 | 6,192,860 | |
| NICE Ltd. sponsored ADR (a) | 49,145 | 9,021,548 | |
| Nutanix, Inc. Class A (a) | 153,158 | 8,471,935 | |
| Ooma, Inc. (a) | 22,185 | 191,678 | |
| Oracle Corp. | 22,959 | 2,690,565 | |
| Pegasystems, Inc. | 44,601 | 2,562,773 | |
| Procore Technologies, Inc. (a)(b) | 87,758 | 5,891,195 | |
| PTC, Inc. (a) | 13,945 | 2,457,667 | |
| Q2 Holdings, Inc. (a) | 11,753 | 714,817 | |
| Qualys, Inc. (a) | 94,610 | 13,304,058 | |
| RingCentral, Inc. (a) | 11,243 | 384,511 | |
| Rubrik, Inc. | 7,177 | 218,755 | |
| Samsara, Inc. (a) | 31,720 | 1,076,260 | |
| Sapiens International Corp. NV | 1,281 | 42,939 | |
| Semrush Holdings, Inc. (a) | 5,584 | 85,212 | |
| SentinelOne, Inc. (a) | 64,259 | 1,081,479 | |
| Similarweb Ltd. (a) | 717,492 | 5,517,513 | |
| Smartsheet, Inc. (a) | 471,914 | 17,460,818 | |
| Telos Corp. (a) | 671,233 | 3,040,685 | |
| Tenable Holdings, Inc. (a) | 147,077 | 6,205,179 | |
| Teradata Corp. (a) | 42,508 | 1,386,186 | |
| Tyler Technologies, Inc. (a) | 47,401 | 22,769,544 | |
| Varonis Systems, Inc. (a) | 43,446 | 1,866,440 | |
| Verint Systems, Inc. (a)(b) | 14,876 | 441,222 | |
| WalkMe Ltd. (a) | 781,714 | 7,113,597 | |
| Zeta Global Holdings Corp. (a) | 709,704 | 11,589,466 | |
| Zuora, Inc. (a) | 8,555 | 86,833 | |
| 393,875,993 | |||
| Technology Hardware, Storage & Peripherals - 0.6% | |||
| Dell Technologies, Inc. | 49,612 | 6,923,851 | |
| NetApp, Inc. | 33,357 | 4,017,184 | |
| Pure Storage, Inc. Class A (a) | 197,656 | 11,916,680 | |
| Super Micro Computer, Inc. (a) | 19,590 | 15,368,551 | |
| Western Digital Corp. (a) | 191,950 | 14,451,916 | |
| Xerox Holdings Corp. (b) | 164,200 | 2,308,652 | |
| 54,986,834 | |||
TOTAL INFORMATION TECHNOLOGY | 1,061,245,233 | ||
| MATERIALS - 4.2% | |||
| Chemicals - 1.1% | |||
| AdvanSix, Inc. | 2,906 | 68,872 | |
| Ashland, Inc. | 37,441 | 3,750,465 | |
| Avient Corp. | 318,444 | 14,228,078 | |
| Axalta Coating Systems Ltd. (a) | 323,873 | 11,526,640 | |
| Balchem Corp. | 31,786 | 4,882,330 | |
| Cabot Corp. (b) | 28,148 | 2,879,540 | |
| CF Industries Holdings, Inc. | 97,140 | 7,744,972 | |
| Eastman Chemical Co. | 22,300 | 2,259,659 | |
| Ecovyst, Inc. (a) | 263,018 | 2,446,067 | |
| Element Solutions, Inc. | 304,441 | 7,315,717 | |
| FMC Corp. | 42,142 | 2,568,555 | |
| Hawkins, Inc. | 18,484 | 1,614,023 | |
| Huntsman Corp. | 174,655 | 4,331,444 | |
| Ingevity Corp. (a) | 2,526 | 123,395 | |
| Innospec, Inc. | 23,936 | 3,130,829 | |
| Koppers Holdings, Inc. | 69,950 | 3,100,884 | |
| LSB Industries, Inc. (a) | 44,967 | 441,126 | |
| Methanex Corp. | 51,379 | 2,758,025 | |
| Minerals Technologies, Inc. | 58,137 | 5,043,385 | |
| NewMarket Corp. (b) | 6,807 | 3,642,221 | |
| Perimeter Solutions SA (a)(b) | 744,012 | 5,654,491 | |
| Quaker Chemical Corp. | 3,522 | 638,715 | |
| Rayonier Advanced Materials, Inc. (a) | 17,106 | 96,649 | |
| RPM International, Inc. (b) | 191,451 | 21,461,657 | |
| The Chemours Co. LLC (b) | 50,800 | 1,260,856 | |
| The Mosaic Co. | 74,300 | 2,298,099 | |
| 115,266,694 | |||
| Construction Materials - 0.5% | |||
| Eagle Materials, Inc. | 146,627 | 34,074,649 | |
| Knife River Holding Co. | 28,306 | 2,001,517 | |
| Summit Materials, Inc. (a) | 253,700 | 9,802,968 | |
| 45,879,134 | |||
| Containers & Packaging - 1.4% | |||
| Aptargroup, Inc. | 179,782 | 26,552,004 | |
| Avery Dennison Corp. | 43,379 | 9,872,627 | |
| Berry Global Group, Inc. (b) | 807,279 | 48,339,867 | |
| CCL Industries, Inc. Class B | 360,696 | 18,591,213 | |
| Crown Holdings, Inc. | 177,261 | 14,923,604 | |
| Graphic Packaging Holding Co. | 322,415 | 9,130,793 | |
| Greif, Inc. Class A | 29,100 | 1,889,754 | |
| O-I Glass, Inc. (a) | 138,600 | 1,758,834 | |
| Packaging Corp. of America | 688 | 126,241 | |
| Ranpak Holdings Corp. (A Shares) (a) | 844,994 | 5,272,763 | |
| Silgan Holdings, Inc. | 43,900 | 2,074,275 | |
| TriMas Corp. | 105,013 | 2,795,446 | |
| 141,327,421 | |||
| Metals & Mining - 1.0% | |||
| Agnico Eagle Mines Ltd. (United States) | 251,332 | 17,143,356 | |
| Alcoa Corp. | 22,611 | 1,000,989 | |
| AngloGold Ashanti PLC (b) | 462,804 | 11,195,229 | |
| ATI, Inc. (a) | 164,240 | 10,074,482 | |
| Boliden AB | 102,029 | 3,576,444 | |
| Cleveland-Cliffs, Inc. (a) | 267,650 | 4,624,992 | |
| Coeur d'Alene Mines Corp. (a) | 11,083 | 63,727 | |
| Commercial Metals Co. | 41,251 | 2,323,256 | |
| Eldorado Gold Corp. (a) | 839,892 | 13,581,054 | |
| Ferroglobe PLC | 385,114 | 2,291,428 | |
| Materion Corp. | 6,302 | 720,823 | |
| Olympic Steel, Inc. | 2,891 | 150,737 | |
| Radius Recycling, Inc. Class A | 12,108 | 207,168 | |
| Reliance, Inc. | 10,700 | 3,218,346 | |
| Royal Gold, Inc. | 16,294 | 2,088,728 | |
| Ryerson Holding Corp. | 42,106 | 1,000,018 | |
| SSR Mining, Inc. | 6,929 | 37,001 | |
| Steel Dynamics, Inc. | 62,600 | 8,380,262 | |
| Teck Resources Ltd. Class B | 329,263 | 17,138,139 | |
| United States Steel Corp. (b) | 18,582 | 712,620 | |
| Warrior Metropolitan Coal, Inc. | 76,868 | 5,260,077 | |
| 104,788,876 | |||
| Paper & Forest Products - 0.2% | |||
| Louisiana-Pacific Corp. | 34,945 | 3,203,758 | |
| Sylvamo Corp. (b) | 197,736 | 14,102,532 | |
| 17,306,290 | |||
TOTAL MATERIALS | 424,568,415 | ||
| REAL ESTATE - 2.2% | |||
| Equity Real Estate Investment Trusts (REITs) - 1.9% | |||
| Agree Realty Corp. | 133,240 | 8,095,662 | |
| American Assets Trust, Inc. | 79,609 | 1,731,496 | |
| Americold Realty Trust | 397,882 | 10,611,513 | |
| Apple Hospitality (REIT), Inc. | 111,100 | 1,604,284 | |
| Brandywine Realty Trust (SBI) | 309,103 | 1,424,965 | |
| Brixmor Property Group, Inc. | 251,900 | 5,670,269 | |
| Broadstone Net Lease, Inc. | 235,710 | 3,618,149 | |
| City Office REIT, Inc. | 261,000 | 1,286,730 | |
| Cousins Properties, Inc. | 12,721 | 294,237 | |
| CubeSmart | 321,014 | 13,582,102 | |
| EastGroup Properties, Inc. | 90,971 | 15,026,590 | |
| EPR Properties | 72,200 | 2,963,088 | |
| Equity Commonwealth (a) | 109,909 | 2,122,343 | |
| Equity Lifestyle Properties, Inc. | 165,802 | 10,407,392 | |
| Essex Property Trust, Inc. | 8,029 | 2,085,854 | |
| First Industrial Realty Trust, Inc. | 160,788 | 7,576,331 | |
| Franklin Street Properties Corp. | 275,093 | 544,684 | |
| Gaming & Leisure Properties | 25,350 | 1,138,215 | |
| Healthcare Realty Trust, Inc. | 554,011 | 8,991,599 | |
| Host Hotels & Resorts, Inc. | 270,282 | 4,848,859 | |
| Independence Realty Trust, Inc. | 52,522 | 877,117 | |
| Industrial Logistics Properties Trust | 121,900 | 459,563 | |
| Kilroy Realty Corp. | 111,325 | 3,732,727 | |
| Kimco Realty Corp. | 163,158 | 3,158,739 | |
| Kite Realty Group Trust | 132,581 | 2,906,176 | |
| Lamar Advertising Co. Class A | 77,008 | 9,095,415 | |
| Mid-America Apartment Communities, Inc. | 84,817 | 11,340,881 | |
| NexPoint Residential Trust, Inc. | 34,022 | 1,247,587 | |
| NNN (REIT), Inc. | 218,482 | 9,125,993 | |
| Office Properties Income Trust (b) | 133,162 | 304,941 | |
| Omega Healthcare Investors, Inc. | 61,500 | 1,988,295 | |
| Outfront Media, Inc. | 14,044 | 202,936 | |
| Paramount Group, Inc. | 9,894 | 45,018 | |
| Park Hotels & Resorts, Inc. | 229,017 | 3,632,210 | |
| Pebblebrook Hotel Trust | 4,329 | 61,255 | |
| Piedmont Office Realty Trust, Inc. Class A | 272,092 | 1,983,551 | |
| RLJ Lodging Trust | 9,871 | 98,513 | |
| Ryman Hospitality Properties, Inc. | 150,652 | 15,829,006 | |
| Sabra Health Care REIT, Inc. | 228,700 | 3,334,446 | |
| Service Properties Trust | 233,100 | 1,254,078 | |
| STAG Industrial, Inc. | 214,338 | 7,514,690 | |
| Summit Hotel Properties, Inc. | 2,244 | 13,733 | |
| Sun Communities, Inc. | 39,927 | 4,710,987 | |
| Tanger, Inc. | 51,500 | 1,429,125 | |
| Uniti Group, Inc. (b) | 315,720 | 997,675 | |
| 188,969,019 | |||
| Real Estate Management & Development - 0.3% | |||
| Anywhere Real Estate, Inc. (a) | 35,847 | 145,897 | |
| Cushman & Wakefield PLC (a) | 1,088,847 | 12,097,090 | |
| eXp World Holdings, Inc. (b) | 25,164 | 282,088 | |
| Forestar Group, Inc. (a) | 15,006 | 510,354 | |
| Jones Lang LaSalle, Inc. (a) | 53,655 | 10,842,066 | |
| Newmark Group, Inc. Class A | 248,618 | 2,588,113 | |
| Opendoor Technologies, Inc. Class A (a)(b) | 60,850 | 132,653 | |
| Real Matters, Inc. (a) | 272,538 | 1,109,230 | |
| The RMR Group, Inc. Class A (b) | 14,149 | 332,926 | |
| The St. Joe Co. | 12,484 | 706,594 | |
| Zillow Group, Inc. Class A (a) | 4,493 | 180,394 | |
| 28,927,405 | |||
TOTAL REAL ESTATE | 217,896,424 | ||
| UTILITIES - 1.3% | |||
| Electric Utilities - 0.5% | |||
| Allete, Inc. | 7,765 | 490,360 | |
| IDACORP, Inc. | 174,096 | 16,620,945 | |
| NRG Energy, Inc. | 136,300 | 11,040,300 | |
| Pinnacle West Capital Corp. | 25,620 | 2,020,393 | |
| PNM Resources, Inc. | 262,957 | 10,081,771 | |
| Portland General Electric Co. | 234,025 | 10,428,154 | |
| 50,681,923 | |||
| Gas Utilities - 0.3% | |||
| Atmos Energy Corp. | 93,840 | 10,877,933 | |
| Brookfield Infrastructure Corp. A Shares | 1,913 | 65,903 | |
| National Fuel Gas Co. (b) | 37,300 | 2,132,068 | |
| New Jersey Resources Corp. | 71,415 | 3,103,696 | |
| ONE Gas, Inc. (b) | 11,958 | 736,972 | |
| Southwest Gas Holdings, Inc. | 117,914 | 9,148,947 | |
| UGI Corp. | 140,043 | 3,565,495 | |
| 29,631,014 | |||
| Independent Power and Renewable Electricity Producers - 0.3% | |||
| Talen Energy Corp. | 90,341 | 10,402,766 | |
| Vistra Corp. | 208,342 | 20,642,525 | |
| 31,045,291 | |||
| Multi-Utilities - 0.2% | |||
| Avista Corp. | 4,185 | 154,761 | |
| Black Hills Corp. | 1,655 | 93,425 | |
| CenterPoint Energy, Inc. | 180,140 | 5,496,071 | |
| NiSource, Inc. | 98,657 | 2,866,972 | |
| NorthWestern Energy Corp. | 178,123 | 9,255,271 | |
| 17,866,500 | |||
| Water Utilities - 0.0% | |||
| Consolidated Water Co., Inc. (b) | 13,478 | 365,254 | |
TOTAL UTILITIES | 129,589,982 | ||
| TOTAL COMMON STOCKS (Cost $5,921,126,136) | 7,676,326,657 | ||
| Equity Funds - 21.8% | |||
| Shares | Value ($) | ||
| Mid-Cap Blend Funds - 4.6% | |||
| Fidelity SAI Small-Mid Cap 500 Index Fund (e) | 71,411,363 | 458,460,950 | |
| Sector Funds - 0.8% | |||
| Fidelity SAI Real Estate Index Fund (e) | 11,950,630 | 82,339,838 | |
| Small Blend Funds - 10.9% | |||
| Fidelity Small Cap Discovery Fund (e) | 50,073 | 1,374,015 | |
| Fidelity Small Cap Index Fund (e) | 35,308,812 | 908,142,624 | |
| PIMCO StocksPLUS Small Fund Institutional Class | 24,366,643 | 182,749,825 | |
TOTAL SMALL BLEND FUNDS | 1,092,266,464 | ||
| Small Growth Funds - 5.5% | |||
| Fidelity Advisor Small Cap Growth Fund Class Z (e) | 17,294,980 | 550,499,200 | |
| TOTAL EQUITY FUNDS (Cost $2,082,459,727) | 2,183,566,452 | ||
| Money Market Funds - 7.3% | |||
| Shares | Value ($) | ||
| Fidelity Cash Central Fund 5.39% (f) | 1,040,299 | 1,040,507 | |
| Fidelity Securities Lending Cash Central Fund 5.39% (f)(g) | 580,460,777 | 580,518,823 | |
| State Street Institutional U.S. Government Money Market Fund Premier Class 5.26% (h) | 151,978,177 | 151,978,177 | |
| TOTAL MONEY MARKET FUNDS (Cost $733,537,507) | 733,537,507 | ||
| TOTAL INVESTMENT IN SECURITIES - 105.8% (Cost $8,737,123,370) | 10,593,430,616 |
NET OTHER ASSETS (LIABILITIES) - (5.8)% (i) | (576,218,544) |
| NET ASSETS - 100.0% | 10,017,212,072 |
| Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
| Purchased | |||||
| Equity Index Contracts | |||||
| CME E-mini Russell 2000 Index Contracts (United States) | 23 | Jun 2024 | 2,387,170 | 68,241 | 68,241 |
| CME E-mini S&P MidCap 400 Index Contracts (United States) | 3 | Jun 2024 | 897,570 | 2,847 | 2,847 |
| TOTAL FUTURES CONTRACTS | 71,088 | ||||
| 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) | Level 3 security |
| (d) | 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 $3,578,217 or 0.0% of net assets. |
| (e) | Affiliated Fund |
| (f) | 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. |
| (g) | Investment made with cash collateral received from securities on loan. |
| (h) | The rate quoted is the annualized seven-day yield of the fund at period end. |
| (i) | Includes $232,300 of cash collateral to cover margin requirements for futures contracts. |
| Additional information on each restricted holding is as follows: | ||
| Security | Acquisition Date | Acquisition Cost ($) |
| GCI Liberty, Inc. Class A (Escrow) | 5/23/23 | 0 |
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
| Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
| Fidelity Cash Central Fund 5.39% | 1,085,953 | 4,748,998 | 4,794,444 | 11,121 | - | - | 1,040,507 | 0.0% |
| Fidelity Securities Lending Cash Central Fund 5.39% | 462,484,501 | 581,391,013 | 463,356,691 | 626,420 | - | - | 580,518,823 | 2.3% |
| Total | 463,570,454 | 586,140,011 | 468,151,135 | 637,541 | - | - | 581,559,330 | |
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Affiliated Underlying Funds
Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur. If an Underlying Funds changes its name, the name presented below is the name in effect at period end.
| Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
| Fidelity Advisor Small Cap Growth Fund Class Z | 539,430,413 | - | - | - | - | 11,068,787 | 550,499,200 |
| Fidelity SAI Real Estate Index Fund | 84,012,926 | - | - | - | - | (1,673,088) | 82,339,838 |
| Fidelity SAI Small-Mid Cap 500 Index Fund | 443,958,288 | 73,511,598 | 65,997,455 | - | 1,683,736 | 5,304,783 | 458,460,950 |
| Fidelity Small Cap Discovery Fund | 1,387,535 | - | - | - | - | (13,520) | 1,374,015 |
| Fidelity Small Cap Index Fund | 889,070,661 | 73,511,570 | 65,997,455 | - | 1,123,878 | 10,433,970 | 908,142,624 |
| 1,957,859,823 | 147,023,168 | 131,994,910 | - | 2,807,614 | 25,120,932 | 2,000,816,627 |
Amounts in the dividend 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. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services 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 the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
Level 1 - Unadjusted 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)
Valuation techniques used to value 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 service 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 any 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 any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy. If an unaffiliated open-end mutual fund's NAV 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.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
Derivative Instruments
Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.
The Fund's use of derivatives increased or decreased its exposure to the following risk(s):
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.
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.
Futures Contracts: A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date.
The Fund used futures contracts to manage its exposure to the stock market.
Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.
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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