Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSRS
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-22311
Schwab Strategic Trust – Schwab U.S. REIT ETF and Fundamental Index ETFs
(Exact name of registrant as specified in charter)
211 Main Street, San Francisco, California 94105
(Address of principal executive offices) (Zip code)
Marie Chandoha
Schwab Strategic Trust
211 Main Street, San Francisco, California 94105
(Name and address of agent for service)
Registrant’s telephone number, including area code: (415) 627-7000
Date of fiscal year end: February 28
Date of reporting period: August 31, 2016
Item 1: | Report(s) to Shareholders. |
Table of Contents
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Total Returns for the 6 Months Ended August 31, 2016 | |
Schwab U.S. REIT ETF (Ticker Symbol: SCHH) | |
Market Price Return1 | 17.33% |
NAV Return1 | 17.30% |
Dow Jones U.S. Select REIT Index | 17.40% |
ETF Category: Morningstar Real Estate2 | 19.46% |
Performance Details | page 7 |
1 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund’s NAV is calculated. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
2 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
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![]() | Agnes Hong, CFA, Vice President and Senior Portfolio Manager, is responsible for the day-to-day co-management of the fund. Prior to joining CSIM in 2009, Ms. Hong spent five years as a portfolio manager at Barclays Global Investors (subsequently acquired by BlackRock), where she managed institutional index funds and quantitative active funds. Prior to that, Ms. Hong worked in management consulting and product management, servicing global financial services clients. |
![]() | Ferian Juwono, CFA, Managing Director and Senior Portfolio Manager, is responsible for the day-to-day co-management of the fund. Prior to joining CSIM in 2010, Mr. Juwono worked at BlackRock (formerly Barclays Global Investors), where he spent more than three years as a portfolio manager, managing equity index funds for institutional clients, and nearly two years as a senior business analyst. Prior to that, Mr. Juwono worked for more than four years as a senior financial analyst with Union Bank of California. |
![]() | Chuck Craig, CFA, Managing Director and Senior Portfolio Manager, is responsible for the day-to-day co-management of the fund. Prior to joining CSIM in 2012, Mr. Craig worked at Guggenheim Funds (formerly Claymore Group), where he spent more than five years as a managing director of portfolio management and supervision, and three years as vice president of product research and development. Prior to that, he worked as an equity research analyst at First Trust Portfolios (formerly Niké Securities), and a trader and analyst at PMA Securities, Inc. |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | Since Inception* |
Fund: Schwab U.S. REIT ETF (1/13/11) | ||||
Market Price Return2 | 17.33% | 23.97% | 13.25% | 12.97% |
NAV Return2 | 17.30% | 24.03% | 13.22% | 12.97% |
Dow Jones U.S. Select REIT Index | 17.40% | 24.23% | 13.36% | 13.12% |
ETF Category: Morningstar Real Estate3 | 19.46% | 23.53% | 12.60% | 11.80% |
Statistics | |
Number of Holdings | 101 |
Weighted Average Market Cap (millions) | $19,880 |
Price/Earnings Ratio (P/E) | 43.1 |
Price/Book Ratio (P/B) | 2.7 |
Portfolio Turnover Rate5,6 | 5% |
Sector Weightings % of Investments | |
Retail REITs | 26.2% |
Residential REITs | 18.9% |
Office REITs | 15.6% |
Health Care REITs | 12.7% |
Specialized REITs | 10.5% |
Industrial REITs | 7.3% |
Hotel & Resort REITs | 5.9% |
Diversified REITs | 2.8% |
Other | 0.1% |
Total | 100.0% |
Top Equity Holdings % of Net Assets7 | |
Simon Property Group, Inc. | 10.0% |
Public Storage | 4.9% |
Prologis, Inc. | 4.2% |
Welltower, Inc. | 4.1% |
Ventas, Inc. | 3.7% |
AvalonBay Communities, Inc. | 3.6% |
Equity Residential | 3.5% |
Boston Properties, Inc. | 3.2% |
Vornado Realty Trust | 2.8% |
HCP, Inc. | 2.7% |
Total | 42.7% |
* | Inception (1/13/11) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund’s NAV is calculated. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. |
5 | Not annualized. |
6 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
7 | This list is not a recommendation of any security by the investment adviser. |
As a fund shareholder, you may incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of fund shares; and, (2) ongoing costs, including management fees and other fund expenses.
Expense Ratio1 (Annualized) | Beginning Account Value at 3/1/16 | Ending Account Value (Net of Expenses) at 8/31/16 | Expenses Paid During Period2 3/1/16–8/31/16 | |
Schwab U.S. REIT ETF | ||||
Actual Return | 0.07% | $1,000.00 | $ 1,173.00 | $0.38 |
Hypothetical 5% Return | 0.07% | $1,000.00 | $1,024.85 | $0.36 |
1 | Based on the most recent six-month expense ratio; may differ from the expense ratio provided in the Financial Highlights. |
2 | Expenses for the fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by 184 days of the period, and divided by 365 days of the fiscal year. |
3/1/16– 8/31/16* | 3/1/15– 2/29/16 | 3/1/14– 2/28/15 | 3/1/13– 2/28/14 | 3/1/12– 2/28/13 | 3/1/11– 2/29/12 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $37.71 | $40.04 | $33.06 | $31.96 | $28.30 | $27.28 |
Income (loss) from investment operations: | ||||||
Net investment income (loss) | 0.88 1 | 1.03 1 | 0.92 | 0.80 | 0.72 | 0.65 |
Net realized and unrealized gains (losses) | 5.61 | (2.38) | 6.91 | 1.08 | 3.71 | 0.98 |
Total from investment operations | 6.49 | (1.35) | 7.83 | 1.88 | 4.43 | 1.63 |
Less distributions: | ||||||
Distributions from net investment income | (0.42) | (0.98) | (0.85) | (0.78) | (0.77) | (0.61) |
Net asset value at end of period | $43.78 | $37.71 | $40.04 | $33.06 | $31.96 | $28.30 |
Total return | 17.30% 2 | (3.41%) | 24.04% | 6.08% | 15.83% | 6.15% |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.07% 3 | 0.07% | 0.07% | 0.07% | 0.10% 4 | 0.13% |
Net investment income (loss) | 4.15% 3 | 2.70% | 2.56% | 2.52% | 2.43% | 2.50% |
Portfolio turnover rate5 | 5% 2 | 12% | 15% | 11% | 7% | 5% |
Net assets, end of period (x 1,000) | $2,852,537 | $1,823,208 | $1,269,306 | $790,052 | $466,567 | $277,370 |
* | Unaudited. |
Holdings by Category | Cost ($) | Value ($) | |
99.9% | Common Stock | 2,501,042,278 | 2,848,811,975 |
0.1% | Other Investment Companies | 4,175,912 | 4,201,445 |
100.0% | Total Investments | 2,505,218,190 | 2,853,013,420 |
(0.0%) | Other Assets and Liabilities, Net | (476,683) | |
100.0% | Net Assets | 2,852,536,737 |
Security | Number of Shares | Value ($) |
Common Stock 99.9% of net assets | ||
Diversified REITs 2.8% | ||
Cousins Properties, Inc. | 802,570 | 8,844,321 |
First Potomac Realty Trust | 248,419 | 2,501,579 |
Forest City Realty Trust, Inc., Class A | 932,570 | 22,064,606 |
Liberty Property Trust | 626,592 | 25,834,388 |
PS Business Parks, Inc. | 86,343 | 9,565,078 |
Washington Real Estate Investment Trust | 314,232 | 10,212,540 |
79,022,512 | ||
Health Care REITs 12.7% | ||
Care Capital Properties, Inc. | 362,700 | 10,877,373 |
HCP, Inc. | 1,974,675 | 77,663,968 |
Healthcare Realty Trust, Inc. | 500,272 | 17,539,536 |
LTC Properties, Inc. | 161,773 | 8,399,254 |
Senior Housing Properties Trust | 989,171 | 22,098,080 |
Universal Health Realty Income Trust | 56,870 | 3,502,623 |
Ventas, Inc. | 1,442,868 | 104,853,218 |
Welltower, Inc. | 1,519,904 | 116,652,632 |
361,586,684 | ||
Hotel & Resort REITs 5.9% | ||
Apple Hospitality REIT, Inc. | 633,709 | 12,433,371 |
Ashford Hospitality Prime, Inc. | 107,478 | 1,666,984 |
Ashford Hospitality Trust, Inc. | 472,849 | 3,295,758 |
DiamondRock Hospitality Co. | 851,394 | 9,016,262 |
FelCor Lodging Trust, Inc. | 522,456 | 3,714,662 |
Hersha Hospitality Trust | 202,265 | 3,952,258 |
Hospitality Properties Trust | 718,254 | 21,899,565 |
Host Hotels & Resorts, Inc. | 3,140,352 | 55,961,073 |
LaSalle Hotel Properties | 480,807 | 13,491,444 |
Pebblebrook Hotel Trust | 304,810 | 9,156,492 |
RLJ Lodging Trust | 543,299 | 12,680,599 |
Security | Number of Shares | Value ($) |
Sunstone Hotel Investors, Inc. | 944,852 | 13,123,994 |
Xenia Hotels & Resorts, Inc. | 414,836 | 6,985,838 |
167,378,300 | ||
Industrial REITs 7.3% | ||
DCT Industrial Trust, Inc. | 386,496 | 18,826,220 |
Duke Realty Corp. | 1,459,027 | 41,027,839 |
EastGroup Properties, Inc. | 136,296 | 10,001,401 |
First Industrial Realty Trust, Inc. | 490,087 | 14,099,803 |
Prologis, Inc. | 2,246,638 | 119,318,944 |
Rexford Industrial Realty, Inc. | 280,308 | 6,259,278 |
209,533,485 | ||
Office REITs 15.6% | ||
Alexandria Real Estate Equities, Inc. | 336,536 | 37,049,248 |
Boston Properties, Inc. | 657,146 | 92,085,869 |
Brandywine Realty Trust | 762,730 | 12,302,835 |
Columbia Property Trust, Inc. | 489,844 | 11,550,522 |
Corporate Office Properties Trust | 413,971 | 11,806,453 |
Douglas Emmett, Inc. | 602,624 | 22,634,558 |
Equity Commonwealth * | 545,577 | 17,071,104 |
Franklin Street Properties Corp. | 435,044 | 5,464,153 |
Highwoods Properties, Inc. | 417,233 | 22,130,038 |
Hudson Pacific Properties, Inc. | 450,083 | 15,064,278 |
Kilroy Realty Corp. | 395,240 | 28,706,281 |
Mack-Cali Realty Corp. | 392,811 | 10,904,433 |
New York REIT, Inc. | 643,012 | 6,211,496 |
Parkway Properties, Inc. | 323,211 | 5,817,798 |
Piedmont Office Realty Trust, Inc., Class A | 622,654 | 13,455,553 |
SL Green Realty Corp. | 419,649 | 49,401,080 |
Tier REIT, Inc. | 220,450 | 3,531,609 |
Vornado Realty Trust | 758,681 | 78,379,334 |
443,566,642 | ||
Residential REITs 18.9% | ||
American Campus Communities, Inc. | 551,505 | 27,635,916 |
American Homes 4 Rent, Class A | 753,502 | 16,479,089 |
Apartment Investment & Management Co., Class A | 668,057 | 30,182,815 |
AvalonBay Communities, Inc. | 585,865 | 102,532,234 |
Camden Property Trust | 373,678 | 32,797,718 |
Colony Starwood Homes | 158,150 | 4,902,650 |
Education Realty Trust, Inc. | 304,343 | 13,789,781 |
Equity LifeStyle Properties, Inc. | 343,611 | 26,640,161 |
Equity Residential | 1,553,086 | 100,748,689 |
Essex Property Trust, Inc. | 279,883 | 63,561,429 |
Mid-America Apartment Communities, Inc. | 323,458 | 30,401,817 |
Monogram Residential Trust, Inc. | 658,930 | 6,931,944 |
NexPoint Residential Trust, Inc. | 87,580 | 1,831,298 |
Post Properties, Inc. | 228,596 | 15,151,343 |
Silver Bay Realty Trust Corp. | 155,318 | 2,955,701 |
Sun Communities, Inc. | 273,112 | 20,898,530 |
UDR, Inc. | 1,139,258 | 41,218,354 |
538,659,469 |
Security | Number of Shares | Value ($) |
Retail REITs 26.2% | ||
Acadia Realty Trust | 319,348 | 11,796,715 |
Brixmor Property Group, Inc. | 1,114,065 | 31,817,696 |
CBL & Associates Properties, Inc. | 584,599 | 8,342,228 |
Cedar Realty Trust, Inc. | 318,470 | 2,410,818 |
DDR Corp. | 1,285,022 | 24,299,766 |
Equity One, Inc. | 389,047 | 12,076,019 |
Federal Realty Investment Trust | 303,079 | 48,189,561 |
General Growth Properties, Inc. | 2,483,675 | 72,374,290 |
Kimco Realty Corp. | 1,790,531 | 53,805,457 |
Kite Realty Group Trust | 351,540 | 10,152,475 |
Pennsylvania Real Estate Investment Trust | 297,827 | 7,472,479 |
Ramco-Gershenson Properties Trust | 336,533 | 6,538,836 |
Regency Centers Corp. | 447,731 | 36,060,255 |
Retail Opportunity Investments Corp. | 465,439 | 10,383,944 |
Saul Centers, Inc. | 49,954 | 3,310,951 |
Seritage Growth Properties, Class A (a) | 62,050 | 2,761,225 |
Simon Property Group, Inc. | 1,321,396 | 284,721,196 |
Tanger Factory Outlet Centers, Inc. | 405,709 | 16,488,014 |
Taubman Centers, Inc. | 253,823 | 19,714,432 |
The Macerich Co. | 538,400 | 44,089,576 |
Urban Edge Properties | 377,115 | 10,808,116 |
Washington Prime Group, Inc. | 765,180 | 10,513,573 |
Weingarten Realty Investors | 493,291 | 20,348,254 |
748,475,876 | ||
Specialized REITs 10.5% | ||
CubeSmart | 732,614 | 20,168,863 |
Digital Realty Trust, Inc. | 629,859 | 62,412,728 |
DuPont Fabros Technology, Inc. | 323,674 | 13,723,778 |
Extra Space Storage, Inc. | 527,159 | 42,462,658 |
Life Storage, Inc. | 204,724 | 18,425,160 |
National Storage Affiliates Trust | 156,884 | 3,186,314 |
Public Storage | 626,103 | 140,209,506 |
300,589,007 | ||
Total Common Stock | ||
(Cost $2,501,042,278) | 2,848,811,975 |
Security | Number of Shares | Value ($) |
Other Investment Companies 0.1% of net assets | ||
Equity Fund 0.1% | ||
SPDR Dow Jones REIT ETF | 25,400 | 2,545,588 |
Money Market Fund 0.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.26% (b) | 212,857 | 212,857 |
Securities Lending Collateral 0.0% | ||
Wells Fargo Government Money Market Fund, Select Class 0.32% (b) | 1,443,000 | 1,443,000 |
Total Other Investment Companies | ||
(Cost $4,175,912) | 4,201,445 |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $1,388,400. |
(b) | The rate shown is the 7-day yield. |
ETF — | Exchange-traded fund |
REIT — | Real Estate Investment Trust |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||||
Common Stock1 | $2,848,811,975 | $— | $— | $2,848,811,975 | |||||
Other Investment Companies1 | 4,201,445 | — | — | 4,201,445 | |||||
Total | $2,853,013,420 | $— | $— | $2,853,013,420 |
1 | As categorized in Portfolio Holdings. |
Assets | ||
Investments, at value (cost $2,503,775,190) including securities on loan of $1,388,400 | $2,851,570,420 | |
Collateral invested for securities on loan, at value (cost $1,443,000) | + | 1,443,000 |
Total investments, at value (cost $2,505,218,190) | 2,853,013,420 | |
Receivables: | ||
Fund shares sold | 6,570,647 | |
Dividends | 1,117,960 | |
Income from securities on loan | + | 1,976 |
Total assets | 2,860,704,003 | |
Liabilities | ||
Collateral held for securities on loan | 1,443,000 | |
Payables: | ||
Investments bought | 6,556,037 | |
Investment adviser fees | + | 168,229 |
Total liabilities | 8,167,266 | |
Net Assets | ||
Total assets | 2,860,704,003 | |
Total liabilities | – | 8,167,266 |
Net assets | $2,852,536,737 | |
Net Assets by Source | ||
Capital received from investors | 2,483,617,290 | |
Net investment income not yet distributed | 32,775,645 | |
Net realized capital losses | (11,651,428) | |
Net unrealized capital appreciation | 347,795,230 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$2,852,536,737 | 65,150,000 | $43.78 | ||
Investment Income | ||
Dividends | $49,929,230 | |
Securities on loan | + | 38,537 |
Total investment income | 49,967,767 | |
Expenses | ||
Investment adviser fees | 829,485 | |
Total expenses | – | 829,485 |
Net investment income | 49,138,282 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments | (10,946,483) | |
Net realized gains on in-kind redemptions | + | 2,111,517 |
Net realized losses | (8,834,966) | |
Net change in unrealized appreciation (depreciation) on investments | + | 301,919,674 |
Net realized and unrealized gains | 293,084,708 | |
Increase in net assets resulting from operations | $342,222,990 |
Operations | |||
3/1/16-8/31/16 | 3/1/15-2/29/16 | ||
Net investment income | $49,138,282 | $42,924,967 | |
Net realized gains (losses) | (8,834,966) | 44,259,722 | |
Net change in unrealized appreciation (depreciation) | + | 301,919,674 | (139,593,710) |
Increase (decrease) in net assets resulting from operations | 342,222,990 | (52,409,021) | |
Distributions to Shareholders | |||
Distributions from net investment income | ($22,680,635) | ($40,950,395) |
Transactions in Fund Shares | |||||
3/1/16-8/31/16 | 3/1/15-2/29/16 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 17,150,000 | $724,497,110 | 22,700,000 | $876,203,124 | |
Shares redeemed | + | (350,000) | (14,710,288) | (6,050,000) | (228,941,698) |
Net transactions in fund shares | 16,800,000 | $709,786,822 | 16,650,000 | $647,261,426 | |
Shares Outstanding and Net Assets | |||||
3/1/16-8/31/16 | 3/1/15-2/29/16 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 48,350,000 | $1,823,207,560 | 31,700,000 | $1,269,305,550 | |
Total increase | + | 16,800,000 | 1,029,329,177 | 16,650,000 | 553,902,010 |
End of period | 65,150,000 | $2,852,536,737 | 48,350,000 | $1,823,207,560 | |
Net investment income not yet distributed | $32,775,645 | $6,317,998 |
Schwab Strategic Trust (organized January 27, 2009) | Schwab Emerging Markets Equity ETF™ |
Schwab U.S. REIT ETF | Schwab U.S. TIPS ETF™ |
Schwab U.S. Broad Market ETF™ | Schwab Short-Term U.S. Treasury ETF™ |
Schwab U.S. Large-Cap ETF™ | Schwab Intermediate-Term U.S. Treasury ETF™ |
Schwab U.S. Large-Cap Growth ETF™ | Schwab U.S. Aggregate Bond ETF™ |
Schwab U.S. Large-Cap Value ETF™ | Schwab Fundamental U.S. Broad Market Index ETF |
Schwab U.S. Mid-Cap ETF™ | Schwab Fundamental U.S. Large Company Index ETF |
Schwab U.S. Small-Cap ETF™ | Schwab Fundamental U.S. Small Company Index ETF |
Schwab U.S. Dividend Equity ETF™ | Schwab Fundamental International Large Company Index ETF |
Schwab International Equity ETF™ | Schwab Fundamental International Small Company Index ETF |
Schwab International Small-Cap Equity ETF™ | Schwab Fundamental Emerging Markets Large Company Index ETF |
Schwab VIT Balanced Portfolio | 0.1% |
Schwab VIT Balanced with Growth Portfolio | 0.3% |
Schwab VIT Growth Portfolio | 0.3% |
Schwab Target 2010 Index Fund | 0.0%* |
Schwab Target 2015 Index Fund | 0.0%* |
Schwab Target 2020 Index Fund | 0.0%* |
Schwab Target 2025 Index Fund | 0.0%* |
Schwab Target 2030 Index Fund | 0.0%* |
Schwab Target 2035 Index Fund | 0.0%* |
Schwab Target 2040 Index Fund | 0.0%* |
Schwab Target 2045 Index Fund | 0.0%* |
Schwab Target 2050 Index Fund | 0.0%* |
Schwab Target 2055 Index Fund | 0.0%* |
Schwab Target 2060 Index Fund | 0.0%* |
* | Less than 0.05% |
Purchases of Securities | Sales/Maturities of Securities | ||
Schwab U.S. REIT ETF | $156,785,535 | $127,438,865 |
In-Kind Purchases of Securities | In-Kind Sales of Securities | ||
Schwab U.S. REIT ETF | $714,816,971 | $8,097,148 |
The Investment Company Act of 1940 (the 1940 Act) requires that initial approval of, as well as the continuation of, a fund’s investment advisory agreement must be specifically approved (1) by the vote of the trustees or by a vote of the shareholders of the fund, and (2) by the vote of a majority of the trustees who are not parties to the investment advisory agreement or “interested persons” of any party (Independent Trustees), cast in person at a meeting called for the purpose of voting on such approval. In connection with such approvals, the fund’s trustees must request and evaluate, and the investment adviser is required to furnish, such information as may be reasonably necessary to evaluate the terms of the investment advisory agreement.
1. | the nature, extent and quality of the services provided to the Fund under the Agreement, including the resources of CSIM and its affiliates dedicated to the Fund; |
2. | the Fund’s investment performance and how it compared to that of certain other comparable exchange-traded funds; |
3. | the Fund’s expenses and how those expenses compared to those of certain other comparable exchange-traded funds; |
4. | the profitability of CSIM and its affiliates, including Charles Schwab & Co., Inc. (Schwab), with respect to the Fund, including both direct and indirect benefits accruing to CSIM and its affiliates; and |
5. | the extent to which economies of scale would be realized as the Fund grow and whether fee levels in the Agreement reflect those economies of scale for the benefit of Fund investors. |
Independent Trustees | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Robert W. Burns 1959 Trustee (Trustee of Schwab Strategic Trust since 2009; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) | Retired/Private Investor (Jan. 2009 – present). Formerly, Managing Director, Pacific Investment Management Company, LLC (PIMCO) and President, PIMCO Funds. | 108 | Director, PS Business Parks, Inc. (2005 – 2012) |
John F. Cogan 1947 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Laudus Trust since 2010; Schwab Strategic Trust since 2016) | Senior Fellow, The Hoover Institution at Stanford University (Oct. 1979 – present); Senior Fellow, Stanford Institute for Economic Policy Research (2000 – present); Professor of Public Policy, Stanford University (1994 – 2015). | 108 | Director, Gilead Sciences, Inc. (2005 – present) |
Stephen Timothy Kochis 1946 Trustee (Trustee of Schwab Strategic Trust since 2012; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) | CEO and Owner, Kochis Global (wealth management consulting) (May 2012 – present); Chairman and CEO, Aspiriant, LLC (wealth management) (Jan. 2008 – Apr. 2012). | 108 | None |
David L. Mahoney 1954 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016) | Private Investor. | 108 | Director, Symantec Corporation (2003 – present) Director, Corcept Therapeutics Incorporated (2004 – present) Director, Adamas Pharmaceuticals, Inc. (2009 – present) |
Kiran M. Patel 1948 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016) | Retired. Executive Vice President and General Manager of Small Business Group, Intuit, Inc. (financial software and services firm for consumers and small businesses) (Dec. 2008 – Sept. 2013). | 108 | Director, KLA-Tencor Corporation (2008 – present) |
Independent Trustees (continued) | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Kimberly S. Patmore 1956 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2016) | Consultant, Patmore Management Consulting (management consulting) (2008 – present). | 108 | None |
Charles A. Ruffel 1956 Trustee (Trustee of Schwab Strategic Trust since 2009; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2015) | Co-Chief Executive Officer, Kudu Investment Management, LLC (financial services) (Jan. 2015 – present); Partner, Kudu Advisors, LLC (financial services) (June 2008 – Jan. 2015); Advisor, Asset International, Inc. (publisher of financial services information) (Aug. 2008 – Jan. 2015). | 108 | None |
Gerald B. Smith 1950 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2000; Laudus Trust since 2010; Schwab Strategic Trust since 2016) | Chairman, Chief Executive Officer and Founder of Smith Graham & Co. (investment advisors) (Mar. 1990 – present). | 108 | Director, Eaton (2012 – present) Director and Chairman of the Audit Committee, Oneok Partners LP (2003 – 2013) Director, Oneok, Inc. (2009 – 2013) Lead Independent Director, Board of Cooper Industries (2002 – 2012) |
Joseph H. Wender 1944 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Laudus Trust since 2010; Schwab Strategic Trust since 2016) | Senior Consultant, Goldman Sachs & Co., Inc. (investment banking and securities firm) (Jan. 2008 – present); Partner, Colgin Partners, LLC (vineyards) (Feb. 1998 – present). | 108 | Board Member and Chairman of the Audit Committee, Ionis Pharmaceuticals (1994 – present) Lead Independent Director and Chair of Audit Committee, OUTFRONT Media Inc. (2014 – present) |
Interested Trustees | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Walter W. Bettinger II2 1960 Chairman and Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Schwab Strategic Trust since 2009; Laudus Trust since 2010) | Director, President and Chief Executive Officer, The Charles Schwab Corporation (Oct. 2008 – present); President and Chief Executive Officer (Oct. 2008 – present), Director (May 2008 – present), Charles Schwab & Co., Inc.; Director, Charles Schwab Bank (Apr. 2006 – present); and Director, Schwab Holdings, Inc. (May 2008 – present). | 108 | Director, The Charles Schwab Corporation (2008 – present) |
Interested Trustees (continued) | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Marie A. Chandoha2 1961 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2016) | Director, President and Chief Executive Officer (Dec. 2010 – present), Chief Investment Officer (Sept. 2010 – Oct. 2011), Charles Schwab Investment Management, Inc.; Trustee (Jan. 2016 – present), President, Chief Executive Officer (Dec. 2010 – present), and Chief Investment Officer (Sept. 2010 – Oct. 2011), Schwab Funds, Laudus Funds and Schwab ETFs; Director, Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited (Jan. 2011 – present); Global Head of Fixed Income Business Division, BlackRock, Inc. (formerly Barclays Global Investors) (Mar. 2007 – Aug. 2010). | 108 | None |
Joseph R. Martinetto2 1962 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2016) | Senior Executive Vice President and Chief Financial Officer, The Charles Schwab Corporation and Charles Schwab & Co., Inc. (July 2015 – present); Executive Vice President and Chief Financial Officer of The Charles Schwab Corporation and Charles Schwab & Co., Inc. (May 2007 – July 2015); Director, Charles Schwab & Co., Inc. (May 2007 – present); Director (Apr. 2010 – present) and Chief Executive Officer (July 2013 – Apr. 2015), Charles Schwab Bank; Director, Executive Vice President and Chief Financial Officer, Schwab Holdings, Inc. (May 2007 – present). | 108 | None |
Officers of the Trust | |
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served3) | Principal Occupations During the Past Five Years |
Marie A. Chandoha 1961 President and Chief Executive Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2010) | Director, President and Chief Executive Officer (Dec. 2010 – present), Chief Investment Officer (Sept. 2010 – Oct. 2011), Charles Schwab Investment Management, Inc.; Trustee (Jan. 2016 – present), President, Chief Executive Officer (Dec. 2010 – present), and Chief Investment Officer (Sept. 2010 – Oct. 2011), Schwab Funds, Laudus Funds and Schwab ETFs; Director, Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited (Jan. 2011 – present); Global Head of Fixed Income Business Division, BlackRock, Inc. (formerly Barclays Global Investors) (Mar. 2007 – Aug. 2010). |
Mark Fischer 1970 Treasurer and Chief Financial Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2013) | Treasurer and Chief Financial Officer, Schwab Funds, Laudus Funds and Schwab ETFs (Jan. 2016 – present); Assistant Treasurer, Schwab Funds and Laudus Funds (Dec. 2013 – Dec. 2015), Schwab ETFs (Nov. 2013 – Dec. 2015); Vice President, Charles Schwab Investment Management, Inc. (Oct. 2013 – present); Executive Director, J.P. Morgan Investor Services (Apr. 2011 – Sept. 2013); Assistant Treasurer, Massachusetts Financial Service Investment Management (May 2005 – Mar. 2011). |
Officers of the Trust (continued) | |
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served3) | Principal Occupations During the Past Five Years |
George Pereira 1964 Senior Vice President and Chief Operating Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2004; Laudus Trust since 2006; Schwab Strategic Trust since 2009) | Senior Vice President and Chief Financial Officer (Nov. 2004 – present), Chief Operating Officer (Jan. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Operating Officer (Jan. 2016 – present), Treasurer and Chief Financial Officer, Laudus Funds (June 2006 – Dec. 2015); Treasurer and Principal Financial Officer, Schwab Funds (Nov. 2004 – Dec. 2015) and Schwab ETFs (Oct. 2009 – Dec. 2015); Director, Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited (Apr. 2005 – present). |
Omar Aguilar 1970 Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies, Charles Schwab Investment Management, Inc. (Apr. 2011 – present); Senior Vice President and Chief Investment Officer – Equities, Schwab Funds, Laudus Funds and Schwab ETFs (June 2011 – present); Head of the Portfolio Management Group and Vice President of Portfolio Management, Financial Engines, Inc. (May 2009 – Apr. 2011); Head of Quantitative Equity, ING Investment Management (July 2004 – Jan. 2009). |
Brett Wander 1961 Senior Vice President and Chief Investment Officer – Fixed Income (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Senior Vice President and Chief Investment Officer – Fixed Income, Charles Schwab Investment Management, Inc. (Apr. 2011 – present); Senior Vice President and Chief Investment Officer – Fixed Income, Schwab Funds, Laudus Funds and Schwab ETFs (June 2011 – present); Senior Managing Director, Global Head of Active Fixed-Income Strategies, State Street Global Advisors (Jan. 2008 – Oct. 2010); Director of Alpha Strategies Loomis, Sayles & Company (Apr. 2006 – Jan. 2008). |
David Lekich 1964 Chief Legal Officer and Secretary, Schwab Funds and Schwab ETFs Vice President and Assistant Clerk, Laudus Funds (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Senior Vice President (Sept. 2011 – present), Vice President (Mar. 2004 – Sept. 2011), Charles Schwab & Co., Inc.; Senior Vice President and Chief Counsel (Sept. 2011 – present), Vice President (Jan. 2011 – Sept. 2011), Charles Schwab Investment Management, Inc.; Secretary (Apr. 2011 – present) and Chief Legal Officer (Dec. 2011 – present), Schwab Funds; Vice President and Assistant Clerk, Laudus Funds (Apr. 2011 – present); Secretary (May 2011 – present) and Chief Legal Officer (Nov. 2011 – present), Schwab ETFs. |
Catherine MacGregor 1964 Vice President and Assistant Secretary, Schwab Funds and Schwab ETFs Chief Legal Officer, Vice President and Clerk, Laudus Funds (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2005; Schwab Strategic Trust since 2009) | Vice President, Charles Schwab & Co., Inc., Charles Schwab Investment Management, Inc. (July 2005 – present); Vice President (Dec. 2005 – present), Chief Legal Officer and Clerk (Mar. 2007 – present), Laudus Funds; Vice President (Nov. 2005 – present) and Assistant Secretary (June 2007 – present), Schwab Funds; Vice President and Assistant Secretary, Schwab ETFs (Oct. 2009 – present). |
1 | Each Trustee shall hold office until the election and qualification of his or her successor, or until he or she dies, resigns or is removed. The retirement policy requires that each independent trustee retire by December 31 of the year in which the Trustee turns 74 or the Trustee’s twentieth year of service as an independent trustee on any trust in the Fund Complex, whichever occurs first. |
2 | Mr. Bettinger, Ms. Chandoha, and Mr. Martinetto are Interested Trustees because they own stock of The Charles Schwab Corporation, the parent company of the investment adviser. |
3 | The President, Treasurer and Secretary/Clerk hold office until their respective successors are chosen and qualified or until he or she sooner dies, resigns, is removed or becomes disqualified. Each of the other officers serves at the pleasure of the Board. |
Schwab U.S. Large-Cap ETF™
Schwab U.S. Large-Cap Growth ETF™
Schwab U.S. Large-Cap Value ETF™
Schwab U.S. Mid-Cap ETF™
Schwab U.S. Small-Cap ETF™
Schwab U.S. Dividend Equity ETF™
Schwab U.S. REIT ETF™
Schwab International Small-Cap Equity ETF™
Schwab Emerging Markets Equity ETF™
Schwab Short-Term U.S. Treasury ETF™
Schwab Intermediate-Term U.S. Treasury ETF™
Schwab U.S. Aggregate Bond ETF™
Schwab Fundamental U.S. Large Company Index ETF
Schwab Fundamental U.S. Small Company Index ETF
Schwab Fundamental International Large Company Index ETF
Schwab Fundamental International Small Company Index ETF
Schwab Fundamental Emerging Markets Large Company
Index ETF
* | FUNDAMENTAL INDEX is a registered trademark of Research Affiliates LLC. |
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211 Main Street, San Francisco, CA 94105
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Table of Contents
U.S. Broad Market Index ETF
U.S. Large Company Index ETF
U.S. Small Company Index ETF
International Large Company
Index ETF
International Small Company
Index ETF
Emerging Markets Large
Company Index ETF
* | SCHWAB is a registered trademark of Charles Schwab & Co., Inc. FUNDAMENTAL INDEX is a registered trademark of Research Affiliates LLC. |
![](https://capedge.com/proxy/N-CSRS/0001193125-16-753838/g24363xyschetf.jpg)
U.S. Broad Market Index ETF
U.S. Large Company Index ETF
U.S. Small Company Index ETF
International Large Company
Index ETF
International Small Company
Index ETF
Emerging Markets Large
Company Index ETF
![](https://capedge.com/proxy/N-CSRS/0001193125-16-753838/g24363schwabetf.jpg)
* | SCHWAB is a registered trademark of Charles Schwab & Co., Inc. FUNDAMENTAL INDEX is a registered trademark of Research Affiliates LLC. |
2 | |
3 | |
5 | |
6 | |
Performance and Fund Facts | |
7 | |
8 | |
9 | |
10 | |
12 | |
14 | |
16 | |
Financial Statements and Condensed Portfolio Holdings | |
17 | |
24 | |
31 | |
38 | |
45 | |
52 | |
59 | |
69 | |
71 | |
75 |
Total Returns for the 6 Months Ended August 31, 2016 | |
Schwab Fundamental U.S. Broad Market Index ETF (Ticker Symbol: FNDB) | |
Market Price Return1 | 14.22% |
NAV Return1 | 14.44% |
Russell Fundamental U.S. Index | 14.57% |
ETF Category: Morningstar Large Value2 | 14.17% |
Performance Details | page 7 |
Schwab Fundamental U.S. Large Company Index ETF (Ticker Symbol: FNDX) | |
Market Price Return1 | 14.21% |
NAV Return1 | 14.13% |
Russell Fundamental U.S. Large Company Index | 14.23% |
ETF Category: Morningstar Large Value2 | 14.17% |
Performance Details | page 8 |
Schwab Fundamental U.S. Small Company Index ETF (Ticker Symbol: FNDA) | |
Market Price Return1 | 18.21% |
NAV Return1 | 18.14% |
Russell Fundamental U.S. Small Company Index | 18.27% |
ETF Category: Morningstar Small Blend2 | 18.10% |
Performance Details | page 9 |
Total Returns for the 6 Months Ended August 31, 2016 | |
Schwab Fundamental International Large Company Index ETF (Ticker Symbol: FNDF) | |
Market Price Return1 | 12.88% |
NAV Return1 | 11.87% |
Russell Fundamental Developed ex-U.S. Large Company Index (Net)* | 11.84% |
ETF Category: Morningstar Foreign Large Value2 | 12.62% |
Performance Details | pages 10-11 |
Schwab Fundamental International Small Company Index ETF (Ticker Symbol: FNDC) | |
Market Price Return1 | 15.12% |
NAV Return1 | 14.07% |
Russell Fundamental Developed ex-U.S. Small Company Index (Net)* | 14.12% |
ETF Category: Morningstar Foreign Small/Mid Blend2 | 11.36% |
Performance Details | pages 12-13 |
Schwab Fundamental Emerging Markets Large Company Index ETF (Ticker Symbol: FNDE) | |
Market Price Return1 | 29.65% |
NAV Return1 | 30.03% |
Russell Fundamental Emerging Markets Large Company Index (Net)* | 30.41% |
ETF Category: Morningstar Diversified Emerging Markets2 | 20.06% |
Performance Details | pages 14-15 |
* | The total return cited for the index is calculated net of foreign withholding taxes. |
1 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund’s NAV is calculated. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
2 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
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![]() | Agnes Hong, CFA, Vice President and Senior Portfolio Manager, is responsible for the day-to-day co-management of the funds. Prior to joining CSIM in 2009, Ms. Hong spent five years as a portfolio manager at Barclays Global Investors (subsequently acquired by BlackRock), where she managed institutional index funds and quantitative active funds. Prior to that, Ms. Hong worked in management consulting and product management, servicing global financial services clients. |
![]() | Chuck Craig, CFA, Managing Director and Senior Portfolio Manager, is responsible for the day-to-day co-management of the funds. Prior to joining CSIM in 2012, Mr. Craig worked at Guggenheim Funds (formerly Claymore Group), where he spent more than five years as a managing director of portfolio management and supervision, and three years as vice president of product research and development. Prior to that, he worked as an equity research analyst at First Trust Portfolios (formerly Niké Securities), and a trader and analyst at PMA Securities, Inc. |
![]() | Jane Qin, Portfolio Manager, is responsible for the day-to-day co-management of the funds. Prior to joining CSIM in 2012, Ms. Qin spent more than four years at The Bank of New York Mellon Corporation. During that time, Ms. Qin spent more than two years as an associate equity portfolio manager and nearly two years as a performance analyst. She also worked at Wells Fargo Funds Management as a mutual fund analyst and at CIGNA Reinsurance in Risk Management group as a risk analyst. |
Fund and Inception Date | 6 Months | 1 Year | Since Inception* |
Fund: Schwab Fundamental U.S. Broad Market Index ETF (8/15/13) | |||
Market Price Return2 | 14.22% | 12.95% | 9.45% |
NAV Return2 | 14.44% | 12.92% | 9.43% |
Russell Fundamental U.S. Index | 14.57% | 13.28% | 9.77% |
ETF Category: Morningstar Large Value3 | 14.17% | 15.17% | 9.72% |
Statistics | |
Number of Holdings | 1,400 |
Weighted Average Market Cap (millions) | $111,872 |
Price/Earnings Ratio (P/E) | 39.0 |
Price/Book Ratio (P/B) | 2.2 |
Portfolio Turnover Rate5,6 | 6% |
Sector Weightings % of Investments | |
Information Technology | 15.1% |
Financials | 14.3% |
Energy | 13.7% |
Consumer Discretionary | 12.1% |
Industrials | 11.4% |
Consumer Staples | 10.7% |
Health Care | 10.4% |
Materials | 4.2% |
Utilities | 4.2% |
Telecommunication Services | 3.7% |
Other | 0.2% |
Total | 100.0% |
Top Equity Holdings % of Net Assets7 | |
Exxon Mobil Corp. | 4.1% |
Chevron Corp. | 2.5% |
AT&T, Inc. | 2.1% |
Microsoft Corp. | 1.7% |
Apple, Inc. | 1.7% |
Wal-Mart Stores, Inc. | 1.4% |
International Business Machines Corp. | 1.4% |
The Procter & Gamble Co. | 1.3% |
Intel Corp. | 1.2% |
General Electric Co. | 1.2% |
Total | 18.6% |
* | Inception (8/15/13) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund’s NAV is calculated. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. |
5 | Not annualized. |
6 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
7 | This list is not a recommendation of any security by the investment adviser. |
Fund and Inception Date | 6 Months | 1 Year | Since Inception* |
Fund: Schwab Fundamental U.S. Large Company Index ETF (8/15/13) | |||
Market Price Return2 | 14.21% | 13.19% | 9.49% |
NAV Return2 | 14.13% | 13.23% | 9.48% |
Russell Fundamental U.S. Large Company Index | 14.23% | 13.54% | 9.83% |
ETF Category: Morningstar Large Value3 | 14.17% | 15.17% | 9.72% |
Statistics | |
Number of Holdings | 650 |
Weighted Average Market Cap (millions) | $121,530 |
Price/Earnings Ratio (P/E) | 37.5 |
Price/Book Ratio (P/B) | 2.2 |
Portfolio Turnover Rate5,6 | 6% |
Sector Weightings % of Investments | |
Information Technology | 15.2% |
Energy | 14.5% |
Financials | 13.5% |
Consumer Discretionary | 11.8% |
Consumer Staples | 11.2% |
Health Care | 10.8% |
Industrials | 10.6% |
Utilities | 4.2% |
Telecommunication Services | 4.0% |
Materials | 3.9% |
Other | 0.3% |
Total | 100.0% |
Top Equity Holdings % of Net Assets7 | |
Exxon Mobil Corp. | 4.4% |
Chevron Corp. | 2.7% |
AT&T, Inc. | 2.3% |
Microsoft Corp. | 1.9% |
Apple, Inc. | 1.8% |
Wal-Mart Stores, Inc. | 1.6% |
International Business Machines Corp. | 1.5% |
The Procter & Gamble Co. | 1.4% |
Intel Corp. | 1.3% |
General Electric Co. | 1.3% |
Total | 20.2% |
* | Inception (8/15/13) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund’s NAV is calculated. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. |
5 | Not annualized. |
6 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
7 | This list is not a recommendation of any security by the investment adviser. |
Fund and Inception Date | 6 Months | 1 Year | Since Inception* |
Fund: Schwab Fundamental U.S. Small Company Index ETF (8/15/13) | |||
Market Price Return2 | 18.21% | 10.40% | 8.77% |
NAV Return2 | 18.14% | 10.48% | 8.75% |
Russell Fundamental U.S. Small Company Index | 18.27% | 10.73% | 9.08% |
ETF Category: Morningstar Small Blend3 | 18.10% | 8.24% | 7.00% |
Statistics | |
Number of Holdings | 873 |
Weighted Average Market Cap (millions) | $3,879 |
Price/Earnings Ratio (P/E) | 94.2 |
Price/Book Ratio (P/B) | 1.9 |
Portfolio Turnover Rate5,6 | 18% |
Sector Weightings % of Investments | |
Financials | 23.6% |
Industrials | 20.3% |
Consumer Discretionary | 15.1% |
Information Technology | 13.3% |
Materials | 7.2% |
Health Care | 5.6% |
Energy | 4.2% |
Utilities | 4.0% |
Consumer Staples | 3.8% |
Telecommunication Services | 1.0% |
Other | 1.9% |
Total | 100.0% |
Top Equity Holdings % of Net Assets7 | |
Cliffs Natural Resources, Inc. | 0.9% |
Advanced Micro Devices, Inc. | 0.5% |
WPX Energy, Inc. | 0.4% |
Popular, Inc. | 0.4% |
SPX Corp. | 0.3% |
Validus Holdings Ltd. | 0.3% |
Quad/Graphics, Inc. | 0.3% |
Edgewell Personal care Co. | 0.3% |
Copart, Inc. | 0.3% |
SkyWest, Inc. | 0.3% |
Total | 4.0% |
* | Inception (8/15/13) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund’s NAV is calculated. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. |
5 | Not annualized. |
6 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
7 | This list is not a recommendation of any security by the investment adviser. |
Fund and Inception Date | 6 Months | 1 Year | Since Inception* |
Fund: Schwab Fundamental International Large Company Index ETF (8/15/13) | |||
Market Price Return2 | 12.88% | 1.01% | 0.98% |
NAV Return2 | 11.87% | 0.53% | 0.84% |
Russell Fundamental Developed ex-U.S. Large Company Index (Net) | 11.84% | 0.61% | 1.05% |
ETF Category: Morningstar Foreign Large Value3 | 12.62% | 1.95% | -0.18% |
* | Inception (8/15/13) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund’s NAV is calculated. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. |
Statistics | |
Number of Holdings | 825 |
Weighted Average Market Cap (millions) | $52,866 |
Price/Earnings Ratio (P/E) | 102.8 |
Price/Book Ratio (P/B) | 1.3 |
Portfolio Turnover Rate1,2 | 6% |
Sector Weightings % of Investments | |
Financials | 18.7% |
Energy | 13.6% |
Industrials | 13.1% |
Consumer Discretionary | 10.8% |
Materials | 10.5% |
Consumer Staples | 9.9% |
Telecommunication Services | 6.4% |
Health Care | 6.4% |
Utilities | 5.9% |
Information Technology | 4.1% |
Other | 0.6% |
Total | 100.0% |
Top Equity Holdings % of Net Assets3 | |
BP plc | 2.4% |
Total S.A. | 1.9% |
Royal Dutch Shell plc, A Shares | 1.8% |
Royal Dutch Shell plc, B Shares | 1.6% |
HSBC Holdings plc | 1.2% |
Nestle S.A. – Reg'd | 1.2% |
Banco Santander S.A. | 1.2% |
Toyota Motor Corp. | 1.1% |
Eni S.p.A. | 0.9% |
Vodafone Group plc | 0.9% |
Total | 14.2% |
Japan | 21.8% |
United Kingdom | 15.6% |
France | 9.9% |
Germany | 9.2% |
Canada | 7.8% |
Australia | 6.3% |
Switzerland | 6.1% |
Netherlands | 5.7% |
Spain | 4.0% |
Italy | 3.0% |
Other Countries | 10.6% |
Total | 100.0% |
1 | Not annualized. |
2 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
3 | This list is not a recommendation of any security by the investment adviser. |
Fund and Inception Date | 6 Months | 1 Year | Since Inception* |
Fund: Schwab Fundamental International Small Company Index ETF (8/15/13) | |||
Market Price Return2 | 15.12% | 8.51% | 5.25% |
NAV Return2 | 14.07% | 8.42% | 5.14% |
Russell Fundamental Developed ex-U.S. Small Company Index (Net) | 14.12% | 8.81% | 5.70% |
ETF Category: Morningstar Foreign Small/Mid Blend3 | 11.36% | 5.18% | 4.63% |
* | Inception (8/15/13) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund’s NAV is calculated. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. |
Statistics | |
Number of Holdings | 1,441 |
Weighted Average Market Cap (millions) | $3,201 |
Price/Earnings Ratio (P/E) | 38.8 |
Price/Book Ratio (P/B) | 1.3 |
Portfolio Turnover Rate1,2 | 18% |
Sector Weightings % of Investments | |
Industrials | 23.8% |
Consumer Discretionary | 17.7% |
Financials | 15.3% |
Materials | 11.9% |
Information Technology | 9.6% |
Consumer Staples | 8.4% |
Health Care | 4.8% |
Energy | 3.8% |
Utilities | 2.0% |
Telecommunication Services | 1.2% |
Other | 1.5% |
Total | 100.0% |
Top Equity Holdings % of Net Assets3 | |
FamilyMart Co., Ltd. | 0.5% |
Waste Connection, Inc. | 0.3% |
Tokuyama Corp. | 0.2% |
DeNa Co., Ltd. | 0.2% |
IAMGOLD Corp. | 0.2% |
Serco Group plc | 0.2% |
OZ Minerals Ltd. | 0.2% |
Husqvarna AB, B shares | 0.2% |
Vedanta Resources plc | 0.2% |
Konami Holdings Corp. | 0.2% |
Total | 2.4% |
Japan | 38.8% |
United Kingdom | 10.6% |
Canada | 8.2% |
Australia | 6.7% |
Hong Kong | 4.1% |
France | 3.8% |
Germany | 3.1% |
Switzerland | 2.9% |
Other Countries | 21.8% |
Total | 100.0% |
1 | Not annualized. |
2 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
3 | This list is not a recommendation of any security by the investment adviser. |
Fund and Inception Date | 6 Months | 1 Year | Since Inception* |
Fund: Schwab Fundamental Emerging Markets Large Company Index ETF (8/15/13) | |||
Market Price Return2 | 29.65% | 17.37% | -1.46% |
NAV Return2 | 30.03% | 18.35% | -1.42% |
Russell Fundamental Emerging Markets Large Company Index (Net) | 30.41% | 19.16% | -0.83% |
ETF Category: Morningstar Diversified Emerging Markets3 | 20.06% | 9.96% | -1.82% |
* | Inception (8/15/13) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund’s NAV is calculated. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. |
Statistics | |
Number of Holdings | 295 |
Weighted Average Market Cap (millions) | $57,088 |
Price/Earnings Ratio (P/E) | 35.5 |
Price/Book Ratio (P/B) | 1.0 |
Portfolio Turnover Rate1,2 | 8% |
Sector Weightings % of Investments | |
Energy | 25.1% |
Financials | 19.7% |
Information Technology | 16.8% |
Materials | 12.3% |
Telecommunication Services | 8.2% |
Consumer Discretionary | 5.5% |
Utilities | 4.0% |
Consumer Staples | 3.7% |
Industrials | 3.7% |
Health Care | 0.2% |
Other | 0.8% |
Total | 100.0% |
Top Equity Holdings % of Net Assets3 | |
Samsung Electronics Co., Ltd. | 5.6% |
Gazprom PAO | 3.8% |
Petroleo Brasileiro S.A. | 3.1% |
LUKOIL PJSC | 2.9% |
China Construction Bank Corp., H Shares | 2.4% |
Petroleo Brasileiro S.A. | 2.2% |
China Mobile Ltd. | 2.0% |
Taiwan Semiconductor Manufacturing Co., Ltd. | 1.8% |
Industrial & Commercial Bank of China Ltd., H Shares | 1.8% |
Itau Unibanco Holding S.A. | 1.8% |
Total | 27.4% |
Brazil | 18.8% |
Republic of Korea | 17.9% |
China | 15.4% |
Russia | 12.3% |
Taiwan | 11.3% |
South Africa | 5.9% |
India | 4.0% |
Mexico | 2.9% |
Other Countries | 11.5% |
Total | 100.0% |
1 | Not annualized. |
2 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
3 | This list is not a recommendation of any security by the investment adviser. |
As a fund shareholder, you may incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of fund shares; and, (2) ongoing costs, including management fees and other fund expenses.
Expense Ratio1 (Annualized) | Beginning Account Value at 3/1/16 | Ending Account Value (Net of Expenses) at 8/31/16 | Expenses Paid During Period2 3/1/16–8/31/16 | |
Schwab Fundamental U.S. Broad Market Index ETF | ||||
Actual Return | 0.32% | $1,000.00 | $ 1,144.40 | $ 1.73 |
Hypothetical 5% Return | 0.32% | $1,000.00 | $ 1,023.59 | $ 1.63 |
Schwab Fundamental U.S. Large Company Index ETF | ||||
Actual Return | 0.32% | $1,000.00 | $ 1,141.30 | $ 1.73 |
Hypothetical 5% Return | 0.32% | $1,000.00 | $ 1,023.59 | $ 1.63 |
Schwab Fundamental U.S. Small Company Index ETF | ||||
Actual Return | 0.32% | $1,000.00 | $ 1,181.40 | $ 1.76 |
Hypothetical 5% Return | 0.32% | $1,000.00 | $ 1,023.59 | $ 1.63 |
Schwab Fundamental International Large Company Index ETF | ||||
Actual Return | 0.32% | $1,000.00 | $ 1,118.70 | $ 1.71 |
Hypothetical 5% Return | 0.32% | $1,000.00 | $ 1,023.59 | $ 1.63 |
Schwab Fundamental International Small Company Index ETF | ||||
Actual Return | 0.46% | $1,000.00 | $ 1,140.70 | $2.48 |
Hypothetical 5% Return | 0.46% | $1,000.00 | $ 1,022.88 | $ 2.35 |
Schwab Fundamental Emerging Markets Large Company Index ETF | ||||
Actual Return | 0.46% | $1,000.00 | $1,300.30 | $ 2.67 |
Hypothetical 5% Return | 0.46% | $1,000.00 | $ 1,022.88 | $ 2.35 |
1 | Based on the most recent six-month expense ratio; may differ from the expense ratio provided in the Financial Highlights. The expenses incurred by the underlying funds in which the funds invest are not included in this ratio. |
2 | Expenses for each fund are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184 days of the period, and divided by 365 days of the fiscal year. |
3/1/16– 8/31/16* | 3/1/15– 2/29/16 | 3/1/14– 2/28/15 | 8/14/13 1– 2/28/14 | |||
Per-Share Data | ||||||
Net asset value at beginning of period | $27.37 | $30.54 | $27.36 | $25.00 | ||
Income (loss) from investment operations: | ||||||
Net investment income (loss) | 0.34 2 | 0.65 2 | 0.54 | 0.21 | ||
Net realized and unrealized gains (losses) | 3.59 | (3.18) | 3.14 | 2.28 | ||
Total from investment operations | 3.93 | (2.53) | 3.68 | 2.49 | ||
Less distributions: | ||||||
Distributions from net investment income | (0.33) | (0.64) | (0.50) | (0.13) | ||
Net asset value at end of period | $30.97 | $27.37 | $30.54 | $27.36 | ||
Total return | 14.44% 3 | (8.34%) | 13.54% | 9.99% 3 | ||
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.32% 4 | 0.32% | 0.32% | 0.32% 4 | ||
Net investment income (loss) | 2.28% 4 | 2.23% | 2.14% | 2.11% 4 | ||
Portfolio turnover rate5 | 6% 3 | 12% | 10% | 5% 3 | ||
Net assets, end of period (x 1,000) | $201,303 | $166,985 | $212,247 | $58,823 | ||
* | Unaudited. |
Holdings by Category | Cost ($) | Value ($) | |
99.6% | Common Stock | 190,432,272 | 200,601,950 |
0.0% | Rights | 1,852 | 2,205 |
0.2% | Other Investment Companies | 326,517 | 326,517 |
99.8% | Total Investments | 190,760,641 | 200,930,672 |
0.2% | Other Assets and Liabilities, Net | 372,189 | |
100.0% | Net Assets | 201,302,861 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Common Stock 99.6% of net assets | |||||
Automobiles & Components 1.3% | |||||
Other Securities | 1.3 | 2,583,061 | |||
Banks 4.9% | |||||
Bank of America Corp. | 80,738 | 0.6 | 1,303,111 | ||
Citigroup, Inc. | 27,920 | 0.7 | 1,332,901 | ||
JPMorgan Chase & Co. | 34,127 | 1.1 | 2,303,572 | ||
Wells Fargo & Co. | 34,232 | 0.9 | 1,738,985 | ||
Other Securities | 1.6 | 3,174,645 | |||
4.9 | 9,853,214 | ||||
Capital Goods 8.4% | |||||
3M Co. | 5,050 | 0.5 | 905,162 | ||
General Electric Co. | 76,103 | 1.2 | 2,377,458 | ||
United Technologies Corp. | 9,697 | 0.5 | 1,032,052 | ||
Other Securities | 6.2 | 12,512,657 | |||
8.4 | 16,827,329 | ||||
Commercial & Professional Services 1.1% | |||||
Other Securities | 1.1 | 2,130,150 | |||
Consumer Durables & Apparel 1.3% | |||||
Other Securities | 1.3 | 2,611,770 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Consumer Services 1.9% | |||||
McDonald's Corp. | 9,803 | 0.6 | 1,133,815 | ||
Other Securities | 1.3 | 2,604,341 | |||
1.9 | 3,738,156 | ||||
Diversified Financials 4.0% | |||||
Berkshire Hathaway, Inc., Class B * | 11,571 | 0.9 | 1,741,320 | ||
The Charles Schwab Corp. (a) | 2,888 | 0.0 | 90,856 | ||
The Goldman Sachs Group, Inc. | 5,982 | 0.5 | 1,013,710 | ||
Other Securities | 2.6 | 5,238,333 | |||
4.0 | 8,084,219 | ||||
Energy 13.7% | |||||
Chevron Corp. | 50,100 | 2.5 | 5,039,058 | ||
ConocoPhillips | 40,219 | 0.8 | 1,650,990 | ||
Exxon Mobil Corp. | 93,791 | 4.1 | 8,172,948 | ||
Occidental Petroleum Corp. | 11,432 | 0.5 | 878,549 | ||
Phillips 66 | 13,647 | 0.5 | 1,070,607 | ||
Schlumberger Ltd. | 13,564 | 0.5 | 1,071,556 | ||
Valero Energy Corp. | 14,101 | 0.4 | 780,490 | ||
Other Securities | 4.4 | 8,817,566 | |||
13.7 | 27,481,764 | ||||
Food & Staples Retailing 3.6% | |||||
Costco Wholesale Corp. | 5,334 | 0.4 | 864,588 | ||
CVS Health Corp. | 16,459 | 0.8 | 1,537,271 | ||
Wal-Mart Stores, Inc. | 40,139 | 1.4 | 2,867,530 | ||
Other Securities | 1.0 | 2,067,453 | |||
3.6 | 7,336,842 | ||||
Food, Beverage & Tobacco 4.9% | |||||
Altria Group, Inc. | 12,191 | 0.4 | 805,703 | ||
Archer-Daniels-Midland Co. | 17,049 | 0.4 | 746,064 | ||
PepsiCo, Inc. | 12,691 | 0.7 | 1,354,764 | ||
Philip Morris International, Inc. | 16,802 | 0.8 | 1,679,024 | ||
The Coca-Cola Co. | 29,935 | 0.6 | 1,300,077 | ||
Other Securities | 2.0 | 4,040,702 | |||
4.9 | 9,926,334 | ||||
Health Care Equipment & Services 5.2% | |||||
Anthem, Inc. | 6,849 | 0.4 | 856,673 | ||
UnitedHealth Group, Inc. | 10,536 | 0.7 | 1,433,423 | ||
Other Securities | 4.1 | 8,264,651 | |||
5.2 | 10,554,747 | ||||
Household & Personal Products 2.1% | |||||
The Procter & Gamble Co. | 30,322 | 1.3 | 2,647,414 | ||
Other Securities | 0.8 | 1,488,058 | |||
2.1 | 4,135,472 | ||||
Insurance 3.5% | |||||
American International Group, Inc. | 17,150 | 0.5 | 1,026,084 | ||
The Travelers Cos., Inc. | 7,280 | 0.4 | 864,209 | ||
Other Securities | 2.6 | 5,180,208 | |||
3.5 | 7,070,501 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Materials 4.2% | |||||
Other Securities | 4.2 | 8,476,245 | |||
Media 2.9% | |||||
Comcast Corp., Class A | 17,184 | 0.6 | 1,121,428 | ||
The Walt Disney Co. | 10,283 | 0.5 | 971,332 | ||
Time Warner, Inc. | 14,225 | 0.5 | 1,115,382 | ||
Other Securities | 1.3 | 2,646,833 | |||
2.9 | 5,854,975 | ||||
Pharmaceuticals, Biotechnology & Life Sciences 5.1% | |||||
Amgen, Inc. | 5,300 | 0.4 | 901,318 | ||
Johnson & Johnson | 19,725 | 1.2 | 2,353,981 | ||
Merck & Co., Inc. | 25,557 | 0.8 | 1,604,724 | ||
Pfizer, Inc. | 63,040 | 1.1 | 2,193,792 | ||
Other Securities | 1.6 | 3,274,767 | |||
5.1 | 10,328,582 | ||||
Real Estate 1.9% | |||||
Other Securities | 1.9 | 3,906,137 | |||
Retailing 4.7% | |||||
Lowe's Cos., Inc. | 11,812 | 0.4 | 904,327 | ||
Target Corp. | 11,677 | 0.4 | 819,609 | ||
The Home Depot, Inc. | 10,369 | 0.7 | 1,390,690 | ||
Other Securities | 3.2 | 6,417,573 | |||
4.7 | 9,532,199 | ||||
Semiconductors & Semiconductor Equipment 2.9% | |||||
Intel Corp. | 66,353 | 1.2 | 2,381,409 | ||
Other Securities | 1.7 | 3,544,517 | |||
2.9 | 5,925,926 | ||||
Software & Services 7.1% | |||||
International Business Machines Corp. | 17,395 | 1.4 | 2,763,718 | ||
Microsoft Corp. | 59,342 | 1.7 | 3,409,791 | ||
Oracle Corp. | 28,686 | 0.6 | 1,182,437 | ||
Other Securities | 3.4 | 6,951,669 | |||
7.1 | 14,307,615 | ||||
Technology Hardware & Equipment 5.0% | |||||
Apple, Inc. | 31,525 | 1.7 | 3,344,802 | ||
Cisco Systems, Inc. | 48,136 | 0.7 | 1,513,396 | ||
HP, Inc. | 85,506 | 0.6 | 1,228,721 | ||
Other Securities | 2.0 | 3,982,087 | |||
5.0 | 10,069,006 | ||||
Telecommunication Services 3.7% | |||||
AT&T, Inc. | 103,791 | 2.1 | 4,242,976 | ||
Verizon Communications, Inc. | 44,683 | 1.2 | 2,338,261 | ||
Other Securities | 0.4 | 898,131 | |||
3.7 | 7,479,368 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Transportation 2.0% | |||||
Union Pacific Corp. | 8,325 | 0.4 | 795,287 | ||
Other Securities | 1.6 | 3,183,999 | |||
2.0 | 3,979,286 | ||||
Utilities 4.2% | |||||
Other Securities | 4.2 | 8,409,052 | |||
Total Common Stock | |||||
(Cost $190,432,272) | 200,601,950 | ||||
Rights 0.0% of net assets | |||||
Telecommunication Services 0.0% | |||||
Other Securities | 0.0 | 2,205 | |||
Total Rights | |||||
(Cost $1,852) | 2,205 | ||||
Other Investment Companies 0.2% of net assets | |||||
Money Market Fund 0.1% | |||||
Other Securities | 0.1 | 96,467 | |||
Securities Lending Collateral 0.1% | |||||
Other Securities | 0.1 | 230,050 | |||
Total Other Investment Companies | |||||
(Cost $326,517) | 326,517 |
* | Non-income producing security. |
(a) | Issuer is affiliated with the fund's investment adviser. |
(b) | All or a portion of this security is on loan. Securities on loan were valued at $216,093. |
(c) | The rate shown is the 7-day yield. |
(d) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. |
(e) | Illiquid security. At the period end, the value of these amounted to $2,205 or 0.0% of net assets. |
CVR — | Contingent Value Rights |
REIT — | Real Estate Investment Trust |
Number of Contracts | Contract Value ($) | Unrealized Appreciation ($) | ||||
Futures Contracts | ||||||
S&P 500 Index, e-mini, Long, expires 09/16/16 | 4 | 433,900 | 2,305 |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||||
Common Stock1 | $200,601,950 | $— | $— | $200,601,950 | |||||
Rights 1 | — | — | 2,205 | 2,205 | |||||
Other Investment Companies1 | 326,517 | — | — | 326,517 | |||||
Total | $200,928,467 | $— | $2,205 | $200,930,672 | |||||
Other Financial Instruments | |||||||||
Futures Contracts2 | $2,305 | $— | $— | $2,305 |
1 | As categorized in the complete schedule of Portfolio Holdings. |
2 | Futures contracts are not included in Investments in the schedule of Condensed Portfolio Holdings and are valued at unrealized appreciation or depreciation. |
Investments in Securities | Balance as of February 29, 2016 | Realized Gains (Losses) | Change in Unrealized Appreciation (Depreciation) | Gross Purchases | Gross Sales | Gross Transfers in | Gross Transfers out | Balance as of August 31, 2016 | ||||||||
Common Stock | $13,492 | $— | ($3,266) | $— | ($10,226) | $— | $— | $— | ||||||||
Rights | 1,574 | — | 631 | — | — | — | — | 2,205 | ||||||||
Total | $15,066 | $— | ($2,635) | $— | ($10,226) | $— | $— | $2,205 |
Assets | ||
Investments in affiliated issuers, at value (cost $75,845) | $90,856 | |
Investments in unaffiliated issuers, at value (cost $190,454,746) including securities on loan of $216,093 | 200,609,766 | |
Collateral invested for securities on loan, at value (cost $230,050) | + | 230,050 |
Total investments, at value (cost $190,760,641) | 200,930,672 | |
Cash | 50,721 | |
Deposit with broker for futures contracts | 25,200 | |
Receivables: | ||
Dividends | 580,706 | |
Income from securities on loan | + | 1,597 |
Total assets | 201,588,896 | |
Liabilities | ||
Collateral held for securities on loan | 230,050 | |
Payables: | ||
Investment adviser fees | 54,845 | |
Variation margin on futures contracts | + | 1,140 |
Total liabilities | 286,035 | |
Net Assets | ||
Total assets | 201,588,896 | |
Total liabilities | – | 286,035 |
Net assets | $201,302,861 | |
Net Assets by Source | ||
Capital received from investors | 191,948,752 | |
Net investment income not yet distributed | 908,359 | |
Net realized capital losses | (1,726,586) | |
Net unrealized capital appreciation | 10,172,336 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$201,302,861 | 6,500,001 | $30.97 | ||
Investment Income | ||
Dividends received from affiliated issuer | $398 | |
Dividends received from unaffiliated issuers (net of foreign withholding tax of $501) | 2,472,849 | |
Securities on loan | + | 10,246 |
Total investment income | 2,483,493 | |
Expenses | ||
Investment adviser fees | 305,350 | |
Total expenses | – | 305,350 |
Net investment income | 2,178,143 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments | (770,419) | |
Net realized gains on futures contracts | + | 66,025 |
Net realized losses | (704,394) | |
Net change in unrealized appreciation (depreciation) on affiliated issuer | 18,073 | |
Net change in unrealized appreciation (depreciation) on unaffiliated investments | 23,077,038 | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | (10,338) |
Net change in unrealized appreciation (depreciation) | + | 23,084,773 |
Net realized and unrealized gains | 22,380,379 | |
Increase in net assets resulting from operations | $24,558,522 |
Operations | |||
3/1/16-8/31/16 | 3/1/15-2/29/16 | ||
Net investment income | $2,178,143 | $4,615,610 | |
Net realized gains (losses) | (704,394) | 5,430,716 | |
Net change in unrealized appreciation (depreciation) | + | 23,084,773 | (28,543,145) |
Increase (decrease) in net assets resulting from operations | 24,558,522 | (18,496,819) | |
Distributions to Shareholders | |||
Distributions from net investment income | ($2,056,310) | ($4,591,356) |
Transactions in Fund Shares | |||||
3/1/16-8/31/16 | 3/1/15-2/29/16 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 400,000 | $11,816,118 | 950,000 | $28,644,349 | |
Shares redeemed | + | — | — | (1,800,000) | (50,818,638) |
Net transactions in fund shares | 400,000 | $11,816,118 | (850,000) | ($22,174,289) | |
Shares Outstanding and Net Assets | |||||
3/1/16-8/31/16 | 3/1/15-2/29/16 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 6,100,001 | $166,984,531 | 6,950,001 | $212,246,995 | |
Total increase or decrease | + | 400,000 | 34,318,330 | (850,000) | (45,262,464) |
End of period | 6,500,001 | $201,302,861 | 6,100,001 | $166,984,531 | |
Net investment income not yet distributed | $908,359 | $786,526 |
3/1/16– 8/31/16* | 3/1/15– 2/29/16 | 3/1/14– 2/28/15 | 8/14/13 1– 2/28/14 | |||
Per-Share Data | ||||||
Net asset value at beginning of period | $27.57 | $30.55 | $27.27 | $25.00 | ||
Income (loss) from investment operations: | ||||||
Net investment income (loss) | 0.36 2 | 0.69 2 | 0.52 | 0.21 | ||
Net realized and unrealized gains (losses) | 3.51 | (3.10) | 3.25 | 2.18 | ||
Total from investment operations | 3.87 | (2.41) | 3.77 | 2.39 | ||
Less distributions: | ||||||
Distributions from net investment income | (0.31) | (0.57) | (0.49) | (0.12) | ||
Net asset value at end of period | $31.13 | $27.57 | $30.55 | $27.27 | ||
Total return | 14.13% 3 | (7.92%) | 13.92% | 9.59% 3 | ||
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.32% 4 | 0.32% | 0.32% | 0.32% 4 | ||
Net investment income (loss) | 2.37% 4 | 2.39% | 2.24% | 2.20% 4 | ||
Portfolio turnover rate5 | 6% 3 | 11% | 10% | 6% 3 | ||
Net assets, end of period (x 1,000) | $1,445,825 | $893,389 | $336,043 | $72,259 | ||
* | Unaudited. |
Holdings by Category | Cost ($) | Value ($) | |
99.6% | Common Stock | 1,387,666,205 | 1,440,924,284 |
0.3% | Other Investment Companies | 4,042,234 | 4,042,234 |
99.9% | Total Investments | 1,391,708,439 | 1,444,966,518 |
0.1% | Other Assets and Liabilities, Net | 858,374 | |
100.0% | Net Assets | 1,445,824,892 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Common Stock 99.6% of net assets | |||||
Automobiles & Components 1.3% | |||||
Other Securities | 1.3 | 18,798,581 | |||
Banks 4.8% | |||||
Bank of America Corp. | 624,783 | 0.7 | 10,083,998 | ||
Citigroup, Inc. | 218,593 | 0.7 | 10,435,630 | ||
JPMorgan Chase & Co. | 268,545 | 1.3 | 18,126,787 | ||
Wells Fargo & Co. | 269,641 | 0.9 | 13,697,763 | ||
Other Securities | 1.2 | 17,838,742 | |||
4.8 | 70,182,920 | ||||
Capital Goods 8.0% | |||||
3M Co. | 39,510 | 0.5 | 7,081,772 | ||
General Electric Co. | 592,291 | 1.3 | 18,503,171 | ||
United Technologies Corp. | 75,990 | 0.6 | 8,087,616 | ||
Other Securities | 5.6 | 81,513,918 | |||
8.0 | 115,186,477 | ||||
Commercial & Professional Services 0.7% | |||||
Other Securities | 0.7 | 9,882,912 | |||
Consumer Durables & Apparel 1.2% | |||||
Other Securities | 1.2 | 16,922,286 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Consumer Services 1.6% | |||||
McDonald's Corp. | 75,358 | 0.6 | 8,715,906 | ||
Other Securities | 1.0 | 15,086,048 | |||
1.6 | 23,801,954 | ||||
Diversified Financials 4.0% | |||||
Berkshire Hathaway, Inc., Class B * | 91,732 | 1.0 | 13,804,749 | ||
The Charles Schwab Corp. (a) | 24,470 | 0.1 | 769,826 | ||
The Goldman Sachs Group, Inc. | 45,392 | 0.5 | 7,692,128 | ||
Other Securities | 2.4 | 34,945,184 | |||
4.0 | 57,211,887 | ||||
Energy 14.5% | |||||
Chevron Corp. | 393,690 | 2.7 | 39,597,340 | ||
ConocoPhillips | 315,695 | 0.9 | 12,959,280 | ||
Exxon Mobil Corp. | 735,799 | 4.4 | 64,117,525 | ||
Occidental Petroleum Corp. | 88,688 | 0.5 | 6,815,673 | ||
Phillips 66 | 106,583 | 0.6 | 8,361,436 | ||
Schlumberger Ltd. | 104,662 | 0.6 | 8,268,298 | ||
Valero Energy Corp. | 110,171 | 0.4 | 6,097,965 | ||
Other Securities | 4.4 | 63,550,140 | |||
14.5 | 209,767,657 | ||||
Food & Staples Retailing 3.9% | |||||
Costco Wholesale Corp. | 41,530 | 0.5 | 6,731,598 | ||
CVS Health Corp. | 128,668 | 0.8 | 12,017,591 | ||
Wal-Mart Stores, Inc. | 316,547 | 1.6 | 22,614,118 | ||
Other Securities | 1.0 | 14,989,225 | |||
3.9 | 56,352,532 | ||||
Food, Beverage & Tobacco 5.1% | |||||
Altria Group, Inc. | 94,971 | 0.4 | 6,276,633 | ||
Archer-Daniels-Midland Co. | 135,289 | 0.4 | 5,920,247 | ||
PepsiCo, Inc. | 98,149 | 0.7 | 10,477,406 | ||
Philip Morris International, Inc. | 129,174 | 0.9 | 12,908,358 | ||
The Coca-Cola Co. | 235,734 | 0.7 | 10,237,928 | ||
Other Securities | 2.0 | 28,536,507 | |||
5.1 | 74,357,079 | ||||
Health Care Equipment & Services 5.4% | |||||
Anthem, Inc. | 53,625 | 0.5 | 6,707,415 | ||
UnitedHealth Group, Inc. | 83,727 | 0.8 | 11,391,058 | ||
Other Securities | 4.1 | 59,916,459 | |||
5.4 | 78,014,932 | ||||
Household & Personal Products 2.2% | |||||
The Procter & Gamble Co. | 239,910 | 1.5 | 20,946,542 | ||
Other Securities | 0.7 | 10,780,416 | |||
2.2 | 31,726,958 | ||||
Insurance 3.5% | |||||
American International Group, Inc. | 133,257 | 0.6 | 7,972,766 | ||
The Travelers Cos., Inc. | 58,030 | 0.5 | 6,888,741 | ||
Other Securities | 2.4 | 35,285,651 | |||
3.5 | 50,147,158 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Materials 3.9% | |||||
Other Securities | 3.9 | 56,946,851 | |||
Media 3.0% | |||||
Comcast Corp., Class A | 134,147 | 0.6 | 8,754,433 | ||
The Walt Disney Co. | 80,399 | 0.5 | 7,594,490 | ||
Time Warner, Inc. | 111,609 | 0.6 | 8,751,262 | ||
Other Securities | 1.3 | 18,393,880 | |||
3.0 | 43,494,065 | ||||
Pharmaceuticals, Biotechnology & Life Sciences 5.4% | |||||
Amgen, Inc. | 41,360 | 0.5 | 7,033,682 | ||
Johnson & Johnson | 153,323 | 1.2 | 18,297,567 | ||
Merck & Co., Inc. | 200,784 | 0.9 | 12,607,227 | ||
Pfizer, Inc. | 494,812 | 1.2 | 17,219,457 | ||
Other Securities | 1.6 | 22,924,338 | |||
5.4 | 78,082,271 | ||||
Real Estate 1.2% | |||||
Other Securities | 1.2 | 17,665,063 | |||
Retailing 4.7% | |||||
Lowe's Cos., Inc. | 92,497 | 0.5 | 7,081,570 | ||
Target Corp. | 92,697 | 0.4 | 6,506,402 | ||
The Home Depot, Inc. | 81,535 | 0.8 | 10,935,474 | ||
Other Securities | 3.0 | 43,108,501 | |||
4.7 | 67,631,947 | ||||
Semiconductors & Semiconductor Equipment 2.9% | |||||
Intel Corp. | 525,274 | 1.3 | 18,852,084 | ||
Other Securities | 1.6 | 23,737,670 | |||
2.9 | 42,589,754 | ||||
Software & Services 7.2% | |||||
International Business Machines Corp. | 136,940 | 1.5 | 21,757,027 | ||
Microsoft Corp. | 466,051 | 1.9 | 26,779,290 | ||
Oracle Corp. | 226,320 | 0.6 | 9,328,910 | ||
Other Securities | 3.2 | 46,459,540 | |||
7.2 | 104,324,767 | ||||
Technology Hardware & Equipment 5.0% | |||||
Apple, Inc. | 246,427 | 1.8 | 26,145,905 | ||
Cisco Systems, Inc. | 372,187 | 0.8 | 11,701,559 | ||
HP, Inc. | 667,350 | 0.7 | 9,589,820 | ||
Other Securities | 1.7 | 25,416,655 | |||
5.0 | 72,853,939 | ||||
Telecommunication Services 4.0% | |||||
AT&T, Inc. | 808,655 | 2.3 | 33,057,816 | ||
Verizon Communications, Inc. | 351,920 | 1.3 | 18,415,973 | ||
Other Securities | 0.4 | 5,796,157 | |||
4.0 | 57,269,946 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Transportation 1.9% | |||||
Union Pacific Corp. | 64,119 | 0.4 | 6,125,288 | ||
Other Securities | 1.5 | 21,200,586 | |||
1.9 | 27,325,874 | ||||
Utilities 4.2% | |||||
Other Securities | 4.2 | 60,386,474 | |||
Total Common Stock | |||||
(Cost $1,387,666,205) | 1,440,924,284 | ||||
Other Investment Companies 0.3% of net assets | |||||
Money Market Fund 0.1% | |||||
Other Securities | 0.1 | 622,659 | |||
Securities Lending Collateral 0.2% | |||||
Other Securities | 0.2 | 3,419,575 | |||
Total Other Investment Companies | |||||
(Cost $4,042,234) | 4,042,234 |
* | Non-income producing security. |
(a) | Issuer is affiliated with the fund's adviser. |
(b) | All or a portion of this security is on loan. Securities on loan were valued at $3,221,970. |
(c) | The rate shown is the 7-day yield. |
Number of Contracts | Contract Value ($) | Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
S&P 500 Index, e-mini, Long, expires 09/16/16 | 40 | 4,339,000 | (17,152) |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||||
Common Stock1 | $1,440,924,284 | $— | $— | $1,440,924,284 | |||||
Other Investment Companies1 | 4,042,234 | — | — | 4,042,234 | |||||
Total | $1,444,966,518 | $— | $— | $1,444,966,518 | |||||
Liabilities Valuation Input | |||||||||
Other Financial Instruments | |||||||||
Futures Contracts2 | ($17,152) | $— | $— | ($17,152) |
1 | As categorized in the complete schedule of Portfolio Holdings. |
2 | Futures contracts are not included in Investments in the schedule of Condensed Portfolio Holdings and are valued at unrealized appreciation or depreciation. |
Assets | ||
Investments in affiliated issuers, at value (cost $721,006) | $769,826 | |
Investments in unaffiliated issuers, at value (cost $1,387,567,858) including securities on loan of $3,221,970 | 1,440,777,117 | |
Collateral invested for securities on loan, at value (cost $3,419,575) | + | 3,419,575 |
Total investments, at value (cost $1,391,708,439) | 1,444,966,518 | |
Deposit with broker for futures contracts | 231,000 | |
Receivables: | ||
Fund shares sold | 9,348,194 | |
Dividends | 4,269,406 | |
Income from securities on loan | + | 17,222 |
Total assets | 1,458,832,340 | |
Liabilities | ||
Collateral held for securities on loan | 3,419,575 | |
Payables: | ||
Investments bought | 9,194,354 | |
Investment adviser fees | 382,119 | |
Variation margin on futures contracts | + | 11,400 |
Total liabilities | 13,007,448 | |
Net Assets | ||
Total assets | 1,458,832,340 | |
Total liabilities | – | 13,007,448 |
Net assets | $1,445,824,892 | |
Net Assets by Source | ||
Capital received from investors | 1,390,825,598 | |
Net investment income not yet distributed | 6,340,658 | |
Net realized capital losses | (4,582,291) | |
Net unrealized capital appreciation | 53,240,927 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$1,445,824,892 | 46,450,001 | $31.13 | ||
Investment Income | ||
Dividends received from affiliated issuer | $1,649 | |
Dividends received from unaffiliated issuers (net of foreign withholding tax of $2,336) | 15,994,445 | |
Securities on loan | + | 85,917 |
Total investment income | 16,082,011 | |
Expenses | ||
Investment adviser fees | 1,911,669 | |
Total expenses | – | 1,911,669 |
Net investment income | 14,170,342 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments | (2,326,843) | |
Net realized gains on in-kind redemptions on affiliated issuer | 578 | |
Net realized gains on in-kind redemptions on unaffiliated investments | 2,406,818 | |
Net realized gains on futures contracts | + | 427,895 |
Net realized gains | 508,448 | |
Net change in unrealized appreciation (depreciation) on affiliated issuer | 131,920 | |
Net change in unrealized appreciation (depreciation) on unaffiliated investments | 125,856,310 | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | (112,346) |
Net change in unrealized appreciation (depreciation) | + | 125,875,884 |
Net realized and unrealized gains | 126,384,332 | |
Increase in net assets resulting from operations | $140,554,674 |
Operations | |||
3/1/16-8/31/16 | 3/1/15-2/29/16 | ||
Net investment income | $14,170,342 | $17,018,181 | |
Net realized gains | 508,448 | 12,819,015 | |
Net change in unrealized appreciation (depreciation) | + | 125,875,884 | (93,563,733) |
Increase (decrease) in net assets resulting from operations | 140,554,674 | (63,726,537) | |
Distributions to Shareholders | |||
Distributions from net investment income | ($11,798,100) | ($14,147,221) |
Transactions in Fund Shares | |||||
3/1/16-8/31/16 | 3/1/15-2/29/16 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 14,500,000 | $437,370,779 | 28,450,000 | $834,612,024 | |
Shares redeemed | + | (450,000) | (13,691,178) | (7,050,000) | (199,392,969) |
Net transactions in fund shares | 14,050,000 | $423,679,601 | 21,400,000 | $635,219,055 | |
Shares Outstanding and Net Assets | |||||
3/1/16-8/31/16 | 3/1/15-2/29/16 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 32,400,001 | $893,388,717 | 11,000,001 | $336,043,420 | |
Total increase | + | 14,050,000 | 552,436,175 | 21,400,000 | 557,345,297 |
End of period | 46,450,001 | $1,445,824,892 | 32,400,001 | $893,388,717 | |
Net investment income not yet distributed | $6,340,658 | $3,968,416 |
3/1/16– 8/31/16* | 3/1/15– 2/29/16 | 3/1/14– 2/28/15 | 8/14/13 1– 2/28/14 | |||
Per-Share Data | ||||||
Net asset value at beginning of period | $26.47 | $30.68 | $28.44 | $25.00 | ||
Income (loss) from investment operations: | ||||||
Net investment income (loss) | 0.25 2 | 0.41 2 | 0.34 | 0.12 | ||
Net realized and unrealized gains (losses) | 4.53 | (4.25) | 2.22 | 3.41 | ||
Total from investment operations | 4.78 | (3.84) | 2.56 | 3.53 | ||
Less distributions: | ||||||
Distributions from net investment income | (0.17) | (0.37) | (0.32) | (0.09) | ||
Net asset value at end of period | $31.08 | $26.47 | $30.68 | $28.44 | ||
Total return | 18.14% 3 | (12.60%) | 9.06% | 14.14% 3 | ||
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.32% 4 | 0.32% | 0.32% | 0.32% 4 | ||
Net investment income (loss) | 1.66% 4 | 1.43% | 1.32% | 1.16% 4 | ||
Portfolio turnover rate5 | 18% 3 | 23% | 22% | 9% 3 | ||
Net assets, end of period (x 1,000) | $965,157 | $608,865 | $187,141 | $55,465 | ||
* | Unaudited. |
Holdings by Category | Cost ($) | Value ($) | |
99.5% | Common Stock | 897,452,361 | 960,788,063 |
0.0% | Rights | 14,969 | 17,820 |
1.9% | Other Investment Companies | 18,077,859 | 18,077,859 |
101.4% | Total Investments | 915,545,189 | 978,883,742 |
(1.4%) | Other Assets and Liabilities, Net | (13,726,657) | |
100.0% | Net Assets | 965,157,085 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Common Stock 99.5% of net assets | |||||
Automobiles & Components 1.1% | |||||
Other Securities | 1.1 | 10,770,925 | |||
Banks 5.4% | |||||
Popular, Inc. | 79,552 | 0.4 | 3,127,189 | ||
Other Securities | 5.0 | 48,381,960 | |||
5.4 | 51,509,149 | ||||
Capital Goods 12.7% | |||||
BWX Technologies, Inc. | 69,074 | 0.3 | 2,680,762 | ||
Donaldson Co., Inc. | 69,463 | 0.3 | 2,608,336 | ||
General Cable Corp. | 160,940 | 0.3 | 2,595,962 | ||
Harsco Corp. | 242,568 | 0.2 | 2,413,552 | ||
Kennametal, Inc. | 96,086 | 0.3 | 2,686,565 | ||
Lennox International, Inc. | 14,804 | 0.2 | 2,384,480 | ||
Masco Corp. | 66,505 | 0.2 | 2,359,597 | ||
SPX Corp. * | 165,414 | 0.3 | 3,132,941 | ||
Other Securities | 10.6 | 101,878,229 | |||
12.7 | 122,740,424 | ||||
Commercial & Professional Services 5.0% | |||||
ABM Industries, Inc. | 69,169 | 0.3 | 2,658,165 | ||
Copart, Inc. * | 56,213 | 0.3 | 2,867,987 | ||
Quad/Graphics, Inc. | 111,329 | 0.3 | 3,015,903 | ||
Other Securities | 4.1 | 40,024,397 | |||
5.0 | 48,566,452 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Consumer Durables & Apparel 2.5% | |||||
Other Securities | 2.5 | 24,215,028 | |||
Consumer Services 4.3% | |||||
Graham Holdings Co., Class B | 5,072 | 0.3 | 2,487,055 | ||
Panera Bread Co., Class A * | 11,376 | 0.2 | 2,470,298 | ||
Other Securities | 3.8 | 36,783,029 | |||
4.3 | 41,740,382 | ||||
Diversified Financials 4.9% | |||||
Eaton Vance Corp. | 57,540 | 0.3 | 2,303,326 | ||
Other Securities | 4.6 | 44,620,358 | |||
4.9 | 46,923,684 | ||||
Energy 4.3% | |||||
Range Resources Corp. | 60,014 | 0.2 | 2,314,740 | ||
WPX Energy, Inc. * | 301,708 | 0.4 | 3,620,496 | ||
Other Securities | 3.7 | 35,552,626 | |||
4.3 | 41,487,862 | ||||
Food & Staples Retailing 0.9% | |||||
Other Securities | 0.9 | 8,778,983 | |||
Food, Beverage & Tobacco 2.4% | |||||
Fresh Del Monte Produce, Inc. | 41,439 | 0.3 | 2,410,507 | ||
Universal Corp. | 38,128 | 0.2 | 2,294,162 | ||
Other Securities | 1.9 | 18,666,195 | |||
2.4 | 23,370,864 | ||||
Health Care Equipment & Services 3.6% | |||||
Other Securities | 3.6 | 34,496,351 | |||
Household & Personal Products 0.6% | |||||
Edgewell Personal Care Co. * | 37,071 | 0.3 | 2,966,051 | ||
Other Securities | 0.3 | 2,452,810 | |||
0.6 | 5,418,861 | ||||
Insurance 4.0% | |||||
Allied World Assurance Co. Holdings AG | 58,220 | 0.2 | 2,361,403 | ||
Old Republic International Corp. | 132,911 | 0.3 | 2,555,879 | ||
Primerica, Inc. | 46,183 | 0.3 | 2,629,198 | ||
Validus Holdings Ltd. | 60,068 | 0.3 | 3,050,854 | ||
Other Securities | 2.9 | 28,117,577 | |||
4.0 | 38,714,911 | ||||
Materials 7.3% | |||||
Cliffs Natural Resources, Inc. * | 1,553,089 | 0.9 | 8,852,607 | ||
Crown Holdings, Inc. * | 47,459 | 0.3 | 2,573,702 | ||
Martin Marietta Materials, Inc. | 12,564 | 0.2 | 2,299,589 | ||
Southern Copper Corp. | 96,645 | 0.3 | 2,495,374 | ||
Other Securities | 5.6 | 53,932,764 | |||
7.3 | 70,154,036 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Media 1.9% | |||||
Cinemark Holdings, Inc. | 65,127 | 0.3 | 2,517,159 | ||
Sirius XM Holdings, Inc. * | 566,584 | 0.2 | 2,345,658 | ||
Other Securities | 1.4 | 13,795,181 | |||
1.9 | 18,657,998 | ||||
Pharmaceuticals, Biotechnology & Life Sciences 2.1% | |||||
Other Securities | 2.1 | 20,616,403 | |||
Real Estate 9.8% | |||||
Equinix, Inc. | 7,080 | 0.3 | 2,610,042 | ||
Liberty Property Trust | 65,046 | 0.3 | 2,681,847 | ||
Rayonier, Inc. | 93,392 | 0.3 | 2,571,082 | ||
Senior Housing Properties Trust | 110,774 | 0.2 | 2,474,691 | ||
Other Securities | 8.7 | 83,896,809 | |||
9.8 | 94,234,471 | ||||
Retailing 5.4% | |||||
Aaron's, Inc. | 95,856 | 0.2 | 2,335,052 | ||
Burlington Stores, Inc. * | 32,492 | 0.3 | 2,639,000 | ||
Rent-A-Center, Inc. | 201,616 | 0.3 | 2,463,748 | ||
Ulta Salon, Cosmetics & Fragrance, Inc. * | 9,597 | 0.2 | 2,372,474 | ||
Other Securities | 4.4 | 42,610,973 | |||
5.4 | 52,421,247 | ||||
Semiconductors & Semiconductor Equipment 2.9% | |||||
Advanced Micro Devices, Inc. * | 630,597 | 0.5 | 4,666,418 | ||
Other Securities | 2.4 | 23,622,673 | |||
2.9 | 28,289,091 | ||||
Software & Services 6.0% | |||||
Convergys Corp. | 82,189 | 0.2 | 2,451,698 | ||
CoreLogic, Inc. * | 62,400 | 0.3 | 2,559,648 | ||
DST Systems, Inc. | 20,612 | 0.2 | 2,504,564 | ||
Science Applications International Corp. | 43,308 | 0.3 | 2,763,483 | ||
Other Securities | 5.0 | 47,937,491 | |||
6.0 | 58,216,884 | ||||
Technology Hardware & Equipment 4.5% | |||||
Insight Enterprises, Inc. * | 80,580 | 0.2 | 2,465,748 | ||
Other Securities | 4.3 | 41,140,361 | |||
4.5 | 43,606,109 | ||||
Telecommunication Services 1.0% | |||||
Windstream Holdings, Inc. (a) | 315,712 | 0.3 | 2,686,709 | ||
Other Securities | 0.7 | 6,587,232 | |||
1.0 | 9,273,941 | ||||
Transportation 2.8% | |||||
Copa Holdings S.A., Class A (a) | 33,972 | 0.3 | 2,596,480 | ||
SkyWest, Inc. | 99,070 | 0.3 | 2,796,746 | ||
Other Securities | 2.2 | 21,813,883 | |||
2.8 | 27,207,109 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Utilities 4.1% | |||||
Portland General Electric Co. | 55,489 | 0.3 | 2,336,642 | ||
Questar Corp. | 92,408 | 0.2 | 2,311,124 | ||
Other Securities | 3.6 | 34,729,132 | |||
4.1 | 39,376,898 | ||||
Total Common Stock | |||||
(Cost $897,452,361) | 960,788,063 | ||||
Rights 0.0% of net assets | |||||
Telecommunication Services 0.0% | |||||
Other Securities | 0.0 | 17,820 | |||
Total Rights | |||||
(Cost $14,969) | 17,820 | ||||
Other Investment Companies 1.9% of net assets | |||||
Money Market Fund 0.0% | |||||
Other Securities | 0.0 | 270,889 | |||
Securities Lending Collateral 1.9% | |||||
Wells Fargo Government Money Market Fund, Select Class 0.32% (d) | 1.9 | 17,806,970 | |||
Total Other Investment Companies | |||||
(Cost $18,077,859) | 18,077,859 |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $17,137,092. |
(b) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. |
(c) | Illiquid security. At the period end, the value of these amounted to $17,820 or 0.0% of net assets. |
(d) | The rate shown is the 7-day yield. |
CVR — | Contingent Value Rights |
REIT — | Real Estate Investment Trust |
Number of Contracts | Contract Value ($) | Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
Russell 2000 Index, e-mini, Long, expires 09/16/16 | 25 | 3,097,000 | (11,099) |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||||
Common Stock1 | $960,788,063 | $— | $— | $960,788,063 | |||||
Rights 1 | — | — | 17,820 | 17,820 | |||||
Other Investment Companies1 | 18,077,859 | — | — | 18,077,859 | |||||
Total | $978,865,922 | $— | $17,820 | $978,883,742 | |||||
Liabilities Valuation Input | |||||||||
Other Financial Instruments | |||||||||
Futures Contracts2 | ($11,099) | $— | $— | ($11,099) |
1 | As categorized in the complete schedule of Portfolio Holdings. |
2 | Futures contracts are not included in Investments in the schedule of Condensed Portfolio Holdings and are valued at unrealized appreciation or depreciation. |
Investments in Securities | Balance as of February 29, 2016 | Realized Gains (Losses) | Change in Unrealized Appreciation (Depreciation) | Gross Purchases | Gross Sales | Gross Transfers in | Gross Transfers out | Balance as of August 31, 2016 | ||||||||
Rights | $12,723 | $— | $5,097 | $— | $— | $— | $— | $17,820 | ||||||||
Total | $12,723 | $— | $5,097 | $— | $— | $— | $— | $17,820 |
Assets | ||
Investments, at value (cost $897,738,219) including securities on loan of $17,137,092 | $961,076,772 | |
Collateral invested for securities on loan, at value (cost $17,806,970) | + | 17,806,970 |
Total investments, at value (cost $915,545,189) | 978,883,742 | |
Cash | 3,056,658 | |
Deposit with broker for futures contracts | 137,500 | |
Receivables: | ||
Investments sold | 4,917 | |
Fund shares sold | 3,120,943 | |
Dividends | 1,038,826 | |
Income from securities on loan | + | 70,288 |
Total assets | 986,312,874 | |
Liabilities | ||
Collateral held for securities on loan | 17,806,970 | |
Payables: | ||
Investments bought | 3,076,090 | |
Investment adviser fees | 254,979 | |
Variation margin on futures contracts | + | 17,750 |
Total liabilities | 21,155,789 | |
Net Assets | ||
Total assets | 986,312,874 | |
Total liabilities | – | 21,155,789 |
Net assets | $965,157,085 | |
Net Assets by Source | ||
Capital received from investors | 916,932,246 | |
Net investment income not yet distributed | 2,923,248 | |
Net realized capital losses | (18,025,863) | |
Net unrealized capital appreciation | 63,327,454 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$965,157,085 | 31,050,001 | $31.08 | ||
Investment Income | ||
Dividends (net of foreign withholding tax of $2,098) | $7,399,322 | |
Securities on loan | + | 488,583 |
Total investment income | 7,887,905 | |
Expenses | ||
Investment adviser fees | 1,275,932 | |
Total expenses | – | 1,275,932 |
Net investment income | 6,611,973 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments | (10,877,191) | |
Net realized gains on in-kind redemptions | 1,667,798 | |
Net realized gains on futures contracts | + | 298,920 |
Net realized losses | (8,910,473) | |
Net change in unrealized appreciation (depreciation) on investments | 125,618,530 | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | (30,604) |
Net change in unrealized appreciation (depreciation) | + | 125,587,926 |
Net realized and unrealized gains | 116,677,453 | |
Increase in net assets resulting from operations | $123,289,426 |
Operations | |||
3/1/16-8/31/16 | 3/1/15-2/29/16 | ||
Net investment income | $6,611,973 | $6,106,158 | |
Net realized gains (losses) | (8,910,473) | 1,371,574 | |
Net change in unrealized appreciation (depreciation) | + | 125,587,926 | (75,127,788) |
Increase (decrease) in net assets resulting from operations | 123,289,426 | (67,650,056) | |
Distributions to Shareholders | |||
Distributions from net investment income | ($4,512,720) | ($5,384,415) |
Transactions in Fund Shares | |||||
3/1/16-8/31/16 | 3/1/15-2/29/16 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 8,700,000 | $257,129,884 | 19,750,000 | $576,824,584 | |
Shares redeemed | + | (650,000) | (19,614,528) | (2,850,000) | (82,066,528) |
Net transactions in fund shares | 8,050,000 | $237,515,356 | 16,900,000 | $494,758,056 | |
Shares Outstanding and Net Assets | |||||
3/1/16-8/31/16 | 3/1/15-2/29/16 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 23,000,001 | $608,865,023 | 6,100,001 | $187,141,438 | |
Total increase | + | 8,050,000 | 356,292,062 | 16,900,000 | 421,723,585 |
End of period | 31,050,001 | $965,157,085 | 23,000,001 | $608,865,023 | |
Net investment income not yet distributed | $2,923,248 | $823,995 |
3/1/16– 8/31/16* | 3/1/15– 2/29/16 | 3/1/14– 2/28/15 | 8/14/13 1– 2/28/14 | |||
Per-Share Data | ||||||
Net asset value at beginning of period | $22.08 | $27.17 | $28.26 | $25.00 | ||
Income (loss) from investment operations: | ||||||
Net investment income (loss) | 0.49 2 | 0.70 2 | 0.30 | 0.36 | ||
Net realized and unrealized gains (losses) | 2.13 | (5.30) | (0.92) 3 | 3.04 | ||
Total from investment operations | 2.62 | (4.60) | (0.62) | 3.40 | ||
Less distributions: | ||||||
Distributions from net investment income | — | (0.49) | (0.47) | (0.14) | ||
Net asset value at end of period | $24.70 | $22.08 | $27.17 | $28.26 | ||
Total return | 11.87 %4 | (17.02%) | (2.11%) | 13.60% 4 | ||
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.32 %5 | 0.32% | 0.32% | 0.32% 5 | ||
Net investment income (loss) | 4.09 %5 | 2.80% | 2.50% | 4.00% 5 | ||
Portfolio turnover rate6 | 6 %4 | 12% | 11% | 8% 4 | ||
Net assets, end of period (x 1,000) | $1,284,310 | $885,348 | $290,670 | $62,164 | ||
* | Unaudited. |
Holdings by Category | Cost ($) | Value ($) | |
98.8% | Common Stock | 1,309,030,147 | 1,268,677,126 |
0.6% | Preferred Stock | 8,262,655 | 7,509,649 |
0.5% | Other Investment Companies | 7,326,488 | 7,326,488 |
99.9% | Total Investments | 1,324,619,290 | 1,283,513,263 |
0.1% | Other Assets and Liabilities, Net | 796,613 | |
100.0% | Net Assets | 1,284,309,876 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Common Stock 98.8% of net assets | |||||
Australia 6.3% | |||||
Australia & New Zealand Banking Group Ltd. | 279,779 | 0.4 | 5,656,209 | ||
BHP Billiton Ltd. | 640,131 | 0.8 | 9,828,681 | ||
Commonwealth Bank of Australia | 122,136 | 0.5 | 6,591,536 | ||
National Australia Bank Ltd. | 259,265 | 0.4 | 5,327,217 | ||
Wesfarmers Ltd. | 199,027 | 0.5 | 6,348,124 | ||
Westpac Banking Corp. | 288,531 | 0.5 | 6,388,270 | ||
Other Securities | 3.2 | 41,318,985 | |||
6.3 | 81,459,022 | ||||
Austria 0.3% | |||||
Other Securities | 0.3 | 4,134,734 | |||
Belgium 0.8% | |||||
Other Securities | 0.8 | 9,813,687 | |||
Canada 7.8% | |||||
Royal Bank of Canada | 98,635 | 0.5 | 6,129,120 | ||
Suncor Energy, Inc. | 251,251 | 0.5 | 6,809,562 | ||
The Bank of Nova Scotia | 93,186 | 0.4 | 4,958,130 | ||
Other Securities | 6.4 | 81,755,557 | |||
7.8 | 99,652,369 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Denmark 0.8% | |||||
Other Securities | 0.8 | 10,299,549 | |||
Finland 1.0% | |||||
Other Securities | 1.0 | 12,324,845 | |||
France 9.9% | |||||
BNP Paribas S.A. | 127,510 | 0.5 | 6,476,557 | ||
Engie S.A. | 491,939 | 0.6 | 7,829,445 | ||
Orange S.A. | 443,247 | 0.5 | 6,758,289 | ||
Sanofi | 107,295 | 0.7 | 8,253,847 | ||
Total S.A. | 509,749 | 1.9 | 24,270,572 | ||
Other Securities | 5.7 | 73,095,889 | |||
9.9 | 126,684,599 | ||||
Germany 8.6% | |||||
Allianz SE - Reg'd | 41,245 | 0.5 | 6,134,833 | ||
BASF SE | 133,978 | 0.8 | 10,877,987 | ||
Bayer AG - Reg'd | 56,915 | 0.5 | 6,083,447 | ||
Daimler AG - Reg'd | 118,326 | 0.6 | 8,181,245 | ||
Deutsche Telekom AG - Reg'd | 448,817 | 0.6 | 7,483,049 | ||
E.ON SE | 966,864 | 0.7 | 8,891,503 | ||
RWE AG * | 340,808 | 0.4 | 5,566,463 | ||
Siemens AG - Reg'd | 80,492 | 0.8 | 9,596,810 | ||
Other Securities | 3.7 | 47,704,347 | |||
8.6 | 110,519,684 | ||||
Hong Kong 1.3% | |||||
Other Securities | 1.3 | 16,415,771 | |||
Ireland 0.6% | |||||
Other Securities | 0.6 | 8,148,042 | |||
Israel 0.4% | |||||
Other Securities | 0.4 | 5,258,287 | |||
Italy 3.0% | |||||
Enel S.p.A. | 1,763,773 | 0.6 | 7,775,100 | ||
Eni S.p.A. | 793,282 | 0.9 | 11,962,826 | ||
Other Securities | 1.5 | 19,005,902 | |||
3.0 | 38,743,828 | ||||
Japan 21.8% | |||||
Hitachi Ltd. | 1,097,770 | 0.4 | 5,264,117 | ||
Honda Motor Co., Ltd. | 245,647 | 0.6 | 7,528,409 | ||
Mitsubishi UFJ Financial Group, Inc. | 1,043,771 | 0.4 | 5,692,379 | ||
Nippon Telegraph & Telephone Corp. | 138,445 | 0.5 | 6,084,700 | ||
Toyota Motor Corp. | 238,502 | 1.1 | 14,383,676 | ||
Other Securities | 18.8 | 241,485,496 | |||
21.8 | 280,438,777 | ||||
Luxembourg 0.5% | |||||
Other Securities | 0.5 | 6,339,361 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Netherlands 5.8% | |||||
Koninklijke Ahold Delhaize N.V. | 243,610 | 0.5 | 5,823,895 | ||
Royal Dutch Shell plc, A Shares | 946,410 | 1.8 | 23,205,211 | ||
Royal Dutch Shell plc, B Shares | 829,510 | 1.6 | 21,098,057 | ||
Other Securities | 1.9 | 23,758,128 | |||
5.8 | 73,885,291 | ||||
New Zealand 0.1% | |||||
Other Securities | 0.1 | 1,736,870 | |||
Norway 0.9% | |||||
Statoil A.S.A. | 376,024 | 0.4 | 5,941,658 | ||
Other Securities | 0.5 | 5,948,987 | |||
0.9 | 11,890,645 | ||||
Portugal 0.2% | |||||
Other Securities | 0.2 | 2,909,729 | |||
Singapore 0.8% | |||||
Other Securities | 0.8 | 10,405,428 | |||
Spain 4.0% | |||||
Banco Santander S.A. | 3,245,468 | 1.2 | 14,530,846 | ||
Repsol S.A. | 410,812 | 0.4 | 5,508,801 | ||
Telefonica S.A. | 1,048,263 | 0.8 | 10,542,546 | ||
Other Securities | 1.6 | 20,244,485 | |||
4.0 | 50,826,678 | ||||
Sweden 2.2% | |||||
Other Securities | 2.2 | 27,880,572 | |||
Switzerland 6.1% | |||||
Glencore plc * | 3,836,271 | 0.7 | 8,744,902 | ||
Nestle S.A. - Reg'd | 190,922 | 1.2 | 15,214,689 | ||
Novartis AG - Reg'd | 135,746 | 0.8 | 10,693,339 | ||
Roche Holding AG | 34,111 | 0.7 | 8,325,091 | ||
Other Securities | 2.7 | 35,182,243 | |||
6.1 | 78,160,264 | ||||
United Kingdom 15.6% | |||||
Anglo American plc * | 514,485 | 0.4 | 5,254,454 | ||
AstraZeneca plc | 132,875 | 0.7 | 8,542,951 | ||
BHP Billiton plc | 425,410 | 0.4 | 5,515,319 | ||
BP plc | 5,482,128 | 2.4 | 30,722,961 | ||
British American Tobacco plc | 124,151 | 0.6 | 7,682,873 | ||
GlaxoSmithKline plc | 438,750 | 0.7 | 9,418,196 | ||
HSBC Holdings plc | 2,095,825 | 1.2 | 15,489,475 | ||
Rio Tinto plc | 196,991 | 0.5 | 5,936,557 | ||
Tesco plc * | 2,397,314 | 0.4 | 5,222,992 | ||
Vodafone Group plc | 3,718,755 | 0.9 | 11,194,732 | ||
Other Securities | 7.4 | 95,768,584 | |||
15.6 | 200,749,094 | ||||
Total Common Stock | |||||
(Cost $1,309,030,147) | 1,268,677,126 | ||||
Security | Number of Shares | % of Net Assets | Value ($) | ||
Preferred Stock 0.6% of net assets | |||||
Germany 0.6% | |||||
Other Securities | 0.6 | 7,132,334 | |||
Italy 0.0% | |||||
Other Securities | 0.0 | 274,896 | |||
Spain 0.0% | |||||
Other Securities | 0.0 | 102,419 | |||
Total Preferred Stock | |||||
(Cost $8,262,655) | 7,509,649 | ||||
Other Investment Companies 0.5% of net assets | |||||
United States 0.5% | |||||
Money Market Fund 0.2% | |||||
Other Securities | 0.2 | 3,068,502 | |||
Securities Lending Collateral 0.3% | |||||
Other Securities | 0.3 | 4,257,986 | |||
Total Other Investment Companies | |||||
(Cost $7,326,488) | 7,326,488 |
* | Non-income producing security. |
(a) | The rate shown is the 7-day yield. |
(b) | All or a portion of this security is on loan. Securities on loan were valued at $3,965,627. |
(c) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $98,602 or 0.0% of net assets. |
(d) | Illiquid security. At the period end, the value of these amounted to $38,459 or 0.0% of net assets. |
(e) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. |
ADR — | American Depositary Receipt |
CDI — | CHESS Depositary Interest |
CVA — | Dutch Certificate |
Reg'd — | Registered |
REIT — | Real Estate Investment Trust |
RSP — | Risparmio (Convertible Savings Shares) |
Number of Contracts | Contract Value ($) | Unrealized Appreciation ($) | ||||
Futures Contracts | ||||||
MSCI EAFE, e-mini, Long, expires 09/16/16 | 89 | 7,509,820 | 11,643 |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||||
Common Stock1 | $1,187,218,104 | $— | $—* | $1,187,218,104 | |||||
Australia 1 | 62,410,824 | — | — | 62,410,824 | |||||
Materials | 19,009,739 | — | 38,459 | 19,048,198 | |||||
Preferred Stock1 | 7,509,649 | — | — | 7,509,649 | |||||
Other Investment Companies1 | 7,326,488 | — | — | 7,326,488 | |||||
Total | $1,283,474,804 | $— | $38,459 | $1,283,513,263 | |||||
Other Financial Instruments | |||||||||
Futures Contracts2 | $11,643 | $— | $— | $11,643 |
* | Level 3 amount shown includes securities determined to have no value at August 31, 2016. |
1 | As categorized in the complete schedule of Portfolio Holdings. |
2 | Futures contracts are not included in Investments in the schedule of Condensed Portfolio Holdings and are valued at unrealized appreciation or depreciation. |
Investments in Securities | Balance as of February 29, 2016 | Realized Gains (Losses) | Change in Unrealized Appreciation (Depreciation) | Gross Purchases | Gross Sales | Gross Transfers in | Gross Transfers out | Balance as of August 31, 2016 | ||||||||
Common Stock | ||||||||||||||||
Australia | $— | $— | ($195,049) | $44,035 | $— | $151,014 | $— | $— | ||||||||
Canada | — | — | (137,410) | 103,230 | — | 72,639 | — | 38,459 | ||||||||
Total | $— | $— | ($332,459) | $147,265 | $— | $223,653 | $— | $38,459 |
Assets | ||
Investments, at value (cost $1,320,361,304) including securities on loan of $3,965,627 | $1,279,255,277 | |
Collateral invested for securities on loan, at value (cost $4,257,986) | + | 4,257,986 |
Total investments, at value (cost $1,324,619,290) | 1,283,513,263 | |
Deposit with broker for futures contracts | 373,800 | |
Receivables: | ||
Investments sold | 913,506 | |
Fund shares sold | 9,911,362 | |
Dividends | 3,688,123 | |
Foreign tax reclaims | 712,772 | |
Income from securities on loan | + | 25,668 |
Total assets | 1,299,138,494 | |
Liabilities | ||
Collateral held for securities on loan | 4,257,986 | |
Payables: | ||
Investments bought | 9,763,814 | |
Investment adviser fees | 342,444 | |
Due to custodian | 447,909 | |
Variation margin on futures contracts | + | 16,465 |
Total liabilities | 14,828,618 | |
Net Assets | ||
Total assets | 1,299,138,494 | |
Total liabilities | – | 14,828,618 |
Net assets | $1,284,309,876 | |
Net Assets by Source | ||
Capital received from investors | 1,318,237,756 | |
Net investment income not yet distributed | 25,271,274 | |
Net realized capital losses | (18,067,350) | |
Net unrealized capital depreciation | (41,131,804) |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$1,284,309,876 | 52,000,001 | $24.70 | ||
Investment Income | ||
Dividends (net of foreign withholding tax of $2,455,873) | $24,242,598 | |
Securities on loan | + | 174,854 |
Total investment income | 24,417,452 | |
Expenses | ||
Investment adviser fees | 1,770,462 | |
Total expenses | – | 1,770,462 |
Net investment income | 22,646,990 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments | (8,689,440) | |
Net realized gains on futures contracts | 337,941 | |
Net realized gains on foreign currency transactions | + | 135,690 |
Net realized losses | (8,215,809) | |
Net change in unrealized appreciation (depreciation) on investments | 99,501,929 | |
Net change in unrealized appreciation (depreciation) on futures contracts | 22,002 | |
Net change in unrealized appreciation (depreciation) on foreign currency translations | + | (27,949) |
Net change in unrealized appreciation (depreciation) | + | 99,495,982 |
Net realized and unrealized gains | 91,280,173 | |
Increase in net assets resulting from operations | $113,927,163 |
Operations | |||
3/1/16-8/31/16 | 3/1/15-2/29/16 | ||
Net investment income | $22,646,990 | $18,366,877 | |
Net realized losses | (8,215,809) | (8,438,472) | |
Net change in unrealized appreciation (depreciation) | + | 99,495,982 | (145,661,363) |
Increase (decrease) in net assets resulting from operations | 113,927,163 | (135,732,958) | |
Distributions to Shareholders | |||
Distributions from net investment income | $— | ($16,183,231) |
Transactions in Fund Shares | |||||
3/1/16-8/31/16 | 3/1/15-2/29/16 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 11,900,000 | $285,034,621 | 29,400,000 | $746,594,038 | |
Shares redeemed | + | — | — | — | — |
Net transactions in fund shares | 11,900,000 | $285,034,621 | 29,400,000 | $746,594,038 | |
Shares Outstanding and Net Assets | |||||
3/1/16-8/31/16 | 3/1/15-2/29/16 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 40,100,001 | $885,348,092 | 10,700,001 | $290,670,243 | |
Total increase | + | 11,900,000 | 398,961,784 | 29,400,000 | 594,677,849 |
End of period | 52,000,001 | $1,284,309,876 | 40,100,001 | $885,348,092 | |
Net investment income not yet distributed | $25,271,274 | $2,624,284 |
3/1/16– 8/31/16* | 3/1/15– 2/29/16 | 3/1/14– 2/28/15 | 8/14/13 1– 2/28/14 | |||
Per-Share Data | ||||||
Net asset value at beginning of period | $24.81 | $27.22 | $27.75 | $25.00 | ||
Income (loss) from investment operations: | ||||||
Net investment income (loss) | 0.37 2 | 0.43 2 | 0.41 | 0.15 | ||
Net realized and unrealized gains (losses) | 3.12 | (2.49) | (0.53) 3 | 2.78 | ||
Total from investment operations | 3.49 | (2.06) | (0.12) | 2.93 | ||
Less distributions: | ||||||
Distributions from net investment income | — | (0.35) | (0.41) | (0.18) | ||
Net asset value at end of period | $28.30 | $24.81 | $27.22 | $27.75 | ||
Total return | 14.07 %4 | (7.64%) | (0.32%) | 11.73% 4 | ||
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.46 %5 | 0.46% | 0.46% | 0.46% 5 | ||
Net investment income (loss) | 2.66 %5 | 1.65% | 1.73% | 1.09% 5 | ||
Portfolio turnover rate6 | 18 %4 | 22% | 21% | 18% 4 | ||
Net assets, end of period (x 1,000) | $551,867 | $379,667 | $68,046 | $24,977 | ||
* | Unaudited. |
Holdings by Category | Cost ($) | Value ($) | |
99.5% | Common Stock | 527,058,646 | 549,236,602 |
0.2% | Preferred Stock | 1,386,695 | 1,419,367 |
1.6% | Other Investment Companies | 8,617,247 | 8,625,424 |
101.3% | Total Investments | 537,062,588 | 559,281,393 |
(1.3%) | Other Assets and Liabilities, Net | (7,414,281) | |
100.0% | Net Assets | 551,867,112 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Common Stock 99.5% of net assets | |||||
Australia 6.8% | |||||
ASX Ltd. | 23,370 | 0.1 | 898,385 | ||
Dexus Property Group | 141,966 | 0.2 | 1,037,071 | ||
Fairfax Media Ltd. | 1,265,592 | 0.2 | 936,889 | ||
Goodman Group | 174,651 | 0.2 | 996,256 | ||
JB Hi-Fi Ltd. | 41,945 | 0.1 | 935,941 | ||
Myer Holdings Ltd. | 1,041,161 | 0.2 | 1,068,092 | ||
OZ Minerals Ltd. | 252,329 | 0.2 | 1,211,786 | ||
Qantas Airways Ltd. | 422,261 | 0.2 | 1,028,215 | ||
Sigma Pharmaceuticals Ltd. | 1,097,854 | 0.2 | 1,006,613 | ||
Treasury Wine Estates Ltd. | 116,748 | 0.2 | 985,343 | ||
Other Securities | 5.0 | 27,460,670 | |||
6.8 | 37,565,261 | ||||
Austria 0.8% | |||||
Other Securities | 0.8 | 4,641,513 | |||
Belgium 1.1% | |||||
Other Securities | 1.1 | 5,956,408 | |||
Canada 8.4% | |||||
Bonavista Energy Corp. | 388,709 | 0.2 | 1,028,025 | ||
IAMGOLD Corp. * | 357,282 | 0.2 | 1,326,141 | ||
Pan American Silver Corp. | 52,801 | 0.2 | 920,360 | ||
Silver Wheaton Corp. | 36,806 | 0.2 | 932,458 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Waste Connections, Inc. | 23,860 | 0.3 | 1,819,620 | ||
Other Securities | 7.3 | 40,177,579 | |||
8.4 | 46,204,183 | ||||
Denmark 1.3% | |||||
Other Securities | 1.3 | 7,204,498 | |||
Finland 1.8% | |||||
Sanoma Oyj | 114,403 | 0.2 | 1,055,644 | ||
Other Securities | 1.6 | 8,611,037 | |||
1.8 | 9,666,681 | ||||
France 3.8% | |||||
Nexans S.A. * | 21,344 | 0.2 | 1,145,328 | ||
UBISOFT Entertainment S.A. * | 26,764 | 0.2 | 1,044,486 | ||
Other Securities | 3.4 | 18,972,222 | |||
3.8 | 21,162,036 | ||||
Germany 2.9% | |||||
Symrise AG | 13,558 | 0.2 | 996,765 | ||
Other Securities | 2.7 | 15,134,135 | |||
2.9 | 16,130,900 | ||||
Hong Kong 4.2% | |||||
Other Securities | 4.2 | 22,883,179 | |||
Ireland 0.8% | |||||
Other Securities | 0.8 | 4,383,419 | |||
Israel 0.9% | |||||
Other Securities | 0.9 | 4,977,501 | |||
Italy 2.5% | |||||
Other Securities | 2.5 | 13,688,724 | |||
Japan 39.4% | |||||
COMSYS Holdings Corp. | 52,954 | 0.2 | 1,000,871 | ||
DeNA Co., Ltd. | 44,868 | 0.2 | 1,331,704 | ||
EDION Corp. | 127,489 | 0.2 | 1,000,832 | ||
FamilyMart Co., Ltd. (b) | 39,655 | 0.5 | 2,840,852 | ||
Fujikura Ltd. | 159,876 | 0.2 | 898,032 | ||
Hitachi Chemical Co., Ltd. | 50,880 | 0.2 | 1,096,944 | ||
Hitachi High-Technologies Corp. | 29,891 | 0.2 | 1,108,251 | ||
Konami Holdings Corp. | 32,884 | 0.2 | 1,161,996 | ||
Mitsubishi Gas Chemical Co., Inc. | 164,434 | 0.2 | 1,112,813 | ||
Morinaga Milk Industry Co., Ltd. | 154,744 | 0.2 | 982,905 | ||
Nichirei Corp. | 113,380 | 0.2 | 1,123,551 | ||
Nippon Building Fund, Inc. | 154 | 0.2 | 942,447 | ||
Nissin Foods Holdings Co., Ltd. | 19,031 | 0.2 | 1,056,102 | ||
North Pacific Bank Ltd. | 323,141 | 0.2 | 1,093,434 | ||
Taisho Pharmaceutical Holdings Co., Ltd. | 10,874 | 0.2 | 996,621 | ||
Tokuyama Corp. * | 355,168 | 0.2 | 1,449,035 | ||
Toyoda Gosei Co., Ltd. | 40,817 | 0.2 | 939,973 | ||
Toyota Boshoku Corp. | 42,904 | 0.2 | 980,983 | ||
Yamaha Corp. | 31,493 | 0.2 | 1,021,502 | ||
Other Securities | 35.3 | 195,071,076 | |||
39.4 | 217,209,924 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Luxembourg 0.5% | |||||
Other Securities | 0.5 | 2,869,775 | |||
Netherlands 2.0% | |||||
X5 Retail Group N.V. GDR - Reg’d * | 35,818 | 0.2 | 947,386 | ||
Other Securities | 1.8 | 10,108,580 | |||
2.0 | 11,055,966 | ||||
New Zealand 1.3% | |||||
Meridian Energy Ltd. | 511,175 | 0.2 | 1,075,486 | ||
Other Securities | 1.1 | 6,245,921 | |||
1.3 | 7,321,407 | ||||
Norway 1.2% | |||||
Other Securities | 1.2 | 6,827,184 | |||
Portugal 0.4% | |||||
Other Securities | 0.4 | 2,089,959 | |||
Singapore 2.0% | |||||
Hutchison Port Holdings Trust | 2,179,128 | 0.2 | 937,025 | ||
Other Securities | 1.8 | 10,260,899 | |||
2.0 | 11,197,924 | ||||
Spain 1.8% | |||||
Fomento de Construcciones y Contratas S.A. * | 91,582 | 0.2 | 956,958 | ||
Other Securities | 1.6 | 9,072,031 | |||
1.8 | 10,028,989 | ||||
Sweden 2.0% | |||||
Husqvarna AB, B Shares | 138,990 | 0.2 | 1,200,132 | ||
Other Securities | 1.8 | 9,845,709 | |||
2.0 | 11,045,841 | ||||
Switzerland 2.9% | |||||
Other Securities | 2.9 | 16,040,287 | |||
United Kingdom 10.7% | |||||
ARM Holdings plc | 43,486 | 0.2 | 965,933 | ||
Evraz plc * | 602,062 | 0.2 | 1,009,306 | ||
IHS Markit Ltd. * | 25,705 | 0.2 | 959,311 | ||
KAZ Minerals plc * | 407,099 | 0.1 | 912,800 | ||
Serco Group plc * | 748,514 | 0.2 | 1,254,820 | ||
Vedanta Resources plc (b) | 180,388 | 0.2 | 1,164,732 | ||
Other Securities | 9.6 | 52,818,141 | |||
10.7 | 59,085,043 | ||||
Total Common Stock | |||||
(Cost $527,058,646) | 549,236,602 | ||||
Preferred Stock 0.2% of net assets | |||||
Germany 0.1% | |||||
Other Securities | 0.1 | 1,112,060 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Sweden 0.1% | |||||
Other Securities | 0.1 | 307,307 | |||
Total Preferred Stock | |||||
(Cost $1,386,695) | 1,419,367 | ||||
Other Investment Companies 1.6% of net assets | |||||
United States 1.6% | |||||
Equity Fund 0.0% | |||||
Other Securities | 0.0 | 203,400 | |||
Money Market Fund 0.2% | |||||
Other Securities | 0.2 | 786,579 | |||
Securities Lending Collateral 1.4% | |||||
Wells Fargo Government Money Market Fund, Select Class 0.32% (a) | 1.4 | 7,635,445 | |||
Total Other Investment Companies | |||||
(Cost $8,617,247) | 8,625,424 |
* | Non-income producing security. |
(a) | The rate shown is the 7-day yield. |
(b) | All or a portion of this security is on loan. Securities on loan were valued at $7,100,952. |
(c) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $2,866,432 or 0.5% of net assets. |
(d) | Illiquid security. At the period end, the value of these amounted to $11,642 or 0.0% of net assets. |
(e) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. |
ADR — | American Depositary Receipt |
CDI — | CHESS Depositary Interest |
ETF — | Exchange-traded fund |
GDR — | Global Depositary Receipt |
Reg'd — | Registered |
REIT — | Real Estate Investment Trust |
RSP — | Risparmio (Convertible Savings Shares) |
Number of Contracts | Contract Value ($) | Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
MSCI EAFE, e-mini, Long, expires 09/16/16 | 10 | 843,800 | (2,252) |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||||
Common Stock1 | $539,207,613 | $— | $—* | $539,207,613 | |||||
Spain 1 | 7,284,203 | — | — | 7,284,203 | |||||
Capital Goods | 2,733,144 | — | 11,642 | 2,744,786 | |||||
Preferred Stock1 | 1,419,367 | — | — | 1,419,367 | |||||
Other Investment Companies1 | 8,625,424 | — | — | 8,625,424 | |||||
Total | $559,269,751 | $— | $11,642 | $559,281,393 | |||||
Liabilities Valuation Input | |||||||||
Other Financial Instruments | |||||||||
Futures Contracts2 | ($2,252) | $— | $— | ($2,252) |
* | Level 3 amount shown includes securities determined to have no value at August 31, 2016. |
1 | As categorized in the complete schedule of Portfolio Holdings. |
2 | Futures contracts are not included in Investments in the schedule of Condensed Portfolio Holdings and are valued at unrealized appreciation or depreciation. |
Investments in Securities | Balance as of February 29, 2016 | Realized Gains (Losses) | Change in Unrealized Appreciation (Depreciation) | Gross Purchases | Gross Sales | Gross Transfers in | Gross Transfers out | Balance as of August 31, 2016 | ||||||||
Common Stock | ||||||||||||||||
Spain | $— | $— | ($1,715) | $13,357 | $— | $— | $— | $11,642 | ||||||||
Rights | ||||||||||||||||
Italy | 12 | — | (12) | — | — | — | — | — | ||||||||
Total | $12 | $— | ($1,727) | $13,357 | $— | $— | $— | $11,642 |
Assets | ||
Investments, at value (cost $529,427,143) including securities on loan of $7,100,952 | $551,645,948 | |
Collateral invested for securities on loan, at value (cost $7,635,445) | + | 7,635,445 |
Total investments, at value (cost $537,062,588) | 559,281,393 | |
Cash | 134 | |
Deposit with broker for futures contracts | 21,000 | |
Foreign currency, at value (cost $453,310) | 450,984 | |
Receivables: | ||
Investments sold | 1,323,557 | |
Dividends | 710,260 | |
Foreign tax reclaims | 147,282 | |
Income from securities on loan | + | 35,188 |
Total assets | 561,969,798 | |
Liabilities | ||
Collateral held for securities on loan | 7,635,445 | |
Payables: | ||
Investments bought | 2,252,393 | |
Investment adviser fees | 214,732 | |
Variation margin on futures contracts | + | 116 |
Total liabilities | 10,102,686 | |
Net Assets | ||
Total assets | 561,969,798 | |
Total liabilities | – | 10,102,686 |
Net assets | $551,867,112 | |
Net Assets by Source | ||
Capital received from investors | 534,882,224 | |
Net investment income not yet distributed | 6,029,912 | |
Net realized capital losses | (11,251,459) | |
Net unrealized capital appreciation | 22,206,435 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$551,867,112 | 19,500,001 | $28.30 | ||
Investment Income | ||
Dividends (net of foreign withholding tax of $778,102) | $7,316,854 | |
Interest | 2,604 | |
Securities on loan | + | 144,798 |
Total investment income | 7,464,256 | |
Expenses | ||
Investment adviser fees | 1,100,871 | |
Total expenses | – | 1,100,871 |
Net investment income | 6,363,385 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments | (9,663,707) | |
Net realized gains on in-kind redemptions | 2,235,331 | |
Net realized gains on foreign currency transactions | + | 130,880 |
Net realized losses | (7,297,496) | |
Net change in unrealized appreciation (depreciation) on investments | 57,011,533 | |
Net change in unrealized appreciation (depreciation) on futures contracts | (2,252) | |
Net change in unrealized appreciation (depreciation) on foreign currency translations | + | (12,673) |
Net change in unrealized appreciation (depreciation) | + | 56,996,608 |
Net realized and unrealized gains | 49,699,112 | |
Increase in net assets resulting from operations | $56,062,497 |
Operations | |||
3/1/16-8/31/16 | 3/1/15-2/29/16 | ||
Net investment income | $6,363,385 | $4,646,894 | |
Net realized losses | (7,297,496) | (2,673,320) | |
Net change in unrealized appreciation (depreciation) | + | 56,996,608 | (36,748,503) |
Increase (decrease) in net assets resulting from operations | 56,062,497 | (34,774,929) | |
Distributions to Shareholders | |||
Distributions from net investment income | $— | ($4,911,780) |
Transactions in Fund Shares | |||||
3/1/16-8/31/16 | 3/1/15-2/29/16 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 4,600,000 | $126,673,994 | 13,100,000 | $359,784,798 | |
Shares redeemed | + | (400,000) | (10,536,496) | (300,000) | (8,476,621) |
Net transactions in fund shares | 4,200,000 | $116,137,498 | 12,800,000 | $351,308,177 | |
Shares Outstanding and Net Assets | |||||
3/1/16-8/31/16 | 3/1/15-2/29/16 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 15,300,001 | $379,667,117 | 2,500,001 | $68,045,649 | |
Total increase | + | 4,200,000 | 172,199,995 | 12,800,000 | 311,621,468 |
End of period | 19,500,001 | $551,867,112 | 15,300,001 | $379,667,117 | |
Net investment income not yet distributed/Distributions in excess of net investment income | $6,029,912 | ($333,473) |
3/1/16– 8/31/16* | 3/1/15– 2/29/16 | 3/1/14– 2/28/15 | 8/14/13 1– 2/28/14 | |||
Per-Share Data | ||||||
Net asset value at beginning of period | $17.78 | $24.16 | $24.98 | $25.00 | ||
Income (loss) from investment operations: | ||||||
Net investment income (loss) | 0.38 2 | 0.57 2 | 0.37 | 0.12 | ||
Net realized and unrealized gains (losses) | 4.96 | (6.58) | (0.87) | (0.00) 3 | ||
Total from investment operations | 5.34 | (6.01) | (0.50) | 0.12 | ||
Less distributions: | ||||||
Distributions from net investment income | — | (0.37) | (0.32) | (0.14) | ||
Net asset value at end of period | $23.12 | $17.78 | $24.16 | $24.98 | ||
Total return | 30.03 %4 | (24.92%) | (1.98%) | 0.45% 4 | ||
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.46 %5 | 0.46% | 0.46% | 0.46% 5 | ||
Net investment income (loss) | 3.58 %5 | 2.80% | 2.20% | 1.01% 5 | ||
Portfolio turnover rate6 | 8 %4 | 20% | 13% | 6% 4 | ||
Net assets, end of period (x 1,000) | $631,208 | $359,092 | $96,642 | $22,482 | ||
* | Unaudited. |
Holdings by Category | Cost ($) | Value ($) | |
86.7% | Common Stock | 527,168,582 | 546,970,413 |
13.1% | Preferred Stock | 67,178,273 | 82,472,165 |
0.8% | Other Investment Companies | 5,311,958 | 5,311,958 |
100.6% | Total Investments | 599,658,813 | 634,754,536 |
(0.6%) | Other Assets and Liabilities, Net | (3,546,381) | |
100.0% | Net Assets | 631,208,155 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Common Stock 86.7% of net assets | |||||
Brazil 8.2% | |||||
Ambev S.A. | 682,417 | 0.6 | 4,049,596 | ||
Banco do Brasil S.A. | 851,226 | 1.0 | 6,109,517 | ||
Petroleo Brasileiro S.A. * | 3,070,235 | 2.2 | 13,994,454 | ||
Vale S.A. | 1,695,692 | 1.4 | 8,882,745 | ||
Other Securities | 3.0 | 18,627,913 | |||
8.2 | 51,664,225 | ||||
Chile 0.6% | |||||
Other Securities | 0.6 | 3,726,322 | |||
China 15.5% | |||||
Bank of China Ltd., H Shares | 16,514,389 | 1.2 | 7,430,331 | ||
China Construction Bank Corp., H Shares | 19,941,533 | 2.4 | 14,910,999 | ||
China Mobile Ltd. | 1,000,915 | 2.0 | 12,361,834 | ||
China Petroleum & Chemical Corp., H Shares | 12,571,598 | 1.4 | 9,124,710 | ||
CNOOC Ltd. | 5,058,844 | 1.0 | 6,215,333 | ||
Industrial & Commercial Bank of China Ltd., H Shares | 17,793,902 | 1.8 | 11,309,367 | ||
PetroChina Co., Ltd., H Shares | 6,641,150 | 0.7 | 4,434,996 | ||
Other Securities | 5.0 | 31,895,415 | |||
15.5 | 97,682,985 | ||||
Colombia 0.4% | |||||
Other Securities | 0.4 | 2,748,438 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Czech Republic 0.2% | |||||
Other Securities | 0.2 | 1,385,213 | |||
Greece 0.6% | |||||
Other Securities | 0.6 | 3,464,120 | |||
Hungary 0.5% | |||||
Other Securities | 0.5 | 2,977,017 | |||
India 4.1% | |||||
Reliance Industries Ltd. GDR (a) | 175,953 | 0.9 | 5,489,734 | ||
Other Securities | 3.2 | 20,254,933 | |||
4.1 | 25,744,667 | ||||
Indonesia 1.5% | |||||
Other Securities | 1.5 | 9,178,777 | |||
Malaysia 1.8% | |||||
Other Securities | 1.8 | 11,598,872 | |||
Mexico 2.9% | |||||
America Movil S.A.B. de C.V., Series L | 7,429,133 | 0.7 | 4,433,364 | ||
Cemex S.A.B. de C.V., Series CPO * | 3,123,715 | 0.4 | 2,577,608 | ||
Other Securities | 1.8 | 11,330,939 | |||
2.9 | 18,341,911 | ||||
Peru 0.2% | |||||
Other Securities | 0.2 | 977,370 | |||
Philippines 0.1% | |||||
Other Securities | 0.1 | 880,336 | |||
Poland 1.8% | |||||
Polski Koncern Naftowy Orlen S.A. | 165,049 | 0.5 | 2,742,834 | ||
Other Securities | 1.3 | 8,386,240 | |||
1.8 | 11,129,074 | ||||
Republic of Korea 16.9% | |||||
Hyundai Heavy Industries Co., Ltd. * | 28,803 | 0.6 | 3,551,939 | ||
Hyundai Mobis Co., Ltd. | 15,272 | 0.6 | 3,568,032 | ||
Hyundai Motor Co. | 45,376 | 0.9 | 5,412,563 | ||
Kia Motors Corp. | 92,302 | 0.5 | 3,472,708 | ||
Korea Electric Power Corp. | 52,444 | 0.4 | 2,728,029 | ||
LG Chem Ltd. | 10,722 | 0.4 | 2,601,167 | ||
LG Display Co., Ltd. | 119,525 | 0.5 | 3,221,279 | ||
LG Electronics, Inc. | 62,635 | 0.5 | 2,893,007 | ||
POSCO | 41,628 | 1.4 | 8,624,276 | ||
Samsung Electronics Co., Ltd. | 24,518 | 5.6 | 35,622,565 | ||
Shinhan Financial Group Co., Ltd. | 85,556 | 0.5 | 3,146,005 | ||
SK Hynix, Inc. | 98,791 | 0.5 | 3,229,535 | ||
SK Innovation Co., Ltd. | 36,496 | 0.7 | 4,762,482 | ||
Other Securities | 3.8 | 23,763,531 | |||
16.9 | 106,597,118 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Russia 11.2% | |||||
Gazprom PAO * | 11,758,518 | 3.8 | 24,284,526 | ||
LUKOIL PJSC * | 412,092 | 2.9 | 18,371,259 | ||
MMC Norilsk Nickel PJSC * | 17,780 | 0.4 | 2,604,314 | ||
Surgutneftegas * | 13,146,338 | 1.0 | 6,275,155 | ||
Tatneft PAO * | 640,360 | 0.5 | 3,113,967 | ||
Other Securities | 2.6 | 16,330,274 | |||
11.2 | 70,979,495 | ||||
South Africa 5.9% | |||||
MTN Group Ltd. | 655,725 | 0.8 | 5,356,622 | ||
Sasol Ltd. | 213,224 | 0.9 | 5,364,020 | ||
Standard Bank Group Ltd. | 310,797 | 0.4 | 2,812,226 | ||
Other Securities | 3.8 | 23,711,176 | |||
5.9 | 37,244,044 | ||||
Taiwan 11.4% | |||||
Chunghwa Telecom Co., Ltd. | 748,764 | 0.4 | 2,690,128 | ||
Hon Hai Precision Industry Co., Ltd. | 3,555,374 | 1.6 | 9,860,321 | ||
Taiwan Semiconductor Manufacturing Co., Ltd. | 2,071,352 | 1.8 | 11,489,197 | ||
Other Securities | 7.6 | 48,096,549 | |||
11.4 | 72,136,195 | ||||
Thailand 1.6% | |||||
PTT PCL NVDR | 401,000 | 0.6 | 4,042,958 | ||
Other Securities | 1.0 | 6,185,735 | |||
1.6 | 10,228,693 | ||||
Turkey 1.3% | |||||
Other Securities | 1.3 | 8,052,612 | |||
United Arab Emirates 0.0% | |||||
Other Securities | 0.0 | 232,929 | |||
Total Common Stock | |||||
(Cost $527,168,582) | 546,970,413 | ||||
Preferred Stock 13.1% of net assets | |||||
Brazil 10.7% | |||||
Banco Bradesco S.A. | 895,529 | 1.3 | 8,047,521 | ||
Companhia Energetica de Minas Gerais | 1,175,085 | 0.5 | 3,179,539 | ||
Gerdau S.A. | 1,412,391 | 0.6 | 3,965,771 | ||
Itau Unibanco Holding S.A. | 1,003,971 | 1.8 | 11,130,051 | ||
Metalurgica Gerdau S.A. | 2,448,303 | 0.4 | 2,808,833 | ||
Petroleo Brasileiro S.A. * | 4,978,300 | 3.1 | 19,782,038 | ||
Vale S.A. | 2,407,573 | 1.7 | 10,772,955 | ||
Other Securities | 1.3 | 8,044,322 | |||
10.7 | 67,731,030 | ||||
Colombia 0.2% | |||||
Other Securities | 0.2 | 894,989 |
Security | Number of Shares | % of Net Assets | Value ($) | ||
Republic of Korea 1.1% | |||||
Samsung Electronics Co., Ltd. | 4,161 | 0.8 | 4,940,954 | ||
Other Securities | 0.3 | 1,975,530 | |||
1.1 | 6,916,484 | ||||
Russia 1.1% | |||||
AK Transneft OAO * | 2,289 | 0.9 | 5,426,271 | ||
Other Securities | 0.2 | 1,503,391 | |||
1.1 | 6,929,662 | ||||
Total Preferred Stock | |||||
(Cost $67,178,273) | 82,472,165 | ||||
Other Investment Companies 0.8% of net assets | |||||
United States 0.8% | |||||
Money Market Fund 0.8% | |||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.26% (c) | 5,045,258 | 0.8 | 5,045,258 | ||
Securities Lending Collateral 0.0% | |||||
Other Securities | 0.0 | 266,700 | |||
Total Other Investment Companies | |||||
(Cost $5,311,958) | 5,311,958 |
* | Non-income producing security. |
(a) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $6,045,340 or 1.0% of net assets. |
(b) | All or a portion of this security is on loan. Securities on loan were valued at $245,724. |
(c) | The rate shown is the 7-day yield. |
(d) | Illiquid security. At the period end, the value of these amounted to $0 or 0.0% of net assets. |
(e) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. |
ADR — | American Depositary Receipt |
GDR — | Global Depositary Receipt |
NVDR — | Non-Voting Depositary Receipt |
Reg'd — | Registered |
Number of Contracts | Contract Value ($) | Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
MSCI EAFE, e-mini, Long, expires 09/16/16 | 42 | 1,864,590 | (17,702) |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||||
Common Stock1 | $546,970,413 | $— | $—* | $546,970,413 | |||||
Preferred Stock1 | 82,472,165 | — | — | 82,472,165 | |||||
Other Investment Companies1 | 5,311,958 | — | — | 5,311,958 | |||||
Total | $634,754,536 | $— | $— | $634,754,536 | |||||
Liabilities Valuation Input | |||||||||
Other Financial Instruments | |||||||||
Futures Contracts2 | ($17,702) | $— | $— | ($17,702) |
* | Level 3 amount shown includes securities determined to have no value at August 31, 2016. |
1 | As categorized in the complete schedule of Portfolio Holdings. |
2 | Futures contracts are not included in Investments in the schedule of Condensed Portfolio Holdings and are valued at unrealized appreciation or depreciation. |
Assets | ||
Investments, at value (cost $599,392,113) including securities on loan of $245,724 | $634,487,836 | |
Collateral invested for securities on loan, at value (cost $266,700) | + | 266,700 |
Total investments, at value (cost $599,658,813) | 634,754,536 | |
Cash | 495 | |
Deposit with broker for futures contracts | 81,000 | |
Foreign currency, at value (cost $3,398,145) | 3,392,724 | |
Receivables: | ||
Fund shares sold | 2,119,708 | |
Dividends | 567,577 | |
Income from securities on loan | 260 | |
Foreign tax reclaims | + | 100 |
Total assets | 640,916,400 | |
Liabilities | ||
Collateral held for securities on loan | 266,700 | |
Payables: | ||
Investments bought | 8,907,368 | |
Investment adviser fees | 239,219 | |
Foreign capital gains tax | 277,866 | |
Variation margin on futures contracts | + | 17,092 |
Total liabilities | 9,708,245 | |
Net Assets | ||
Total assets | 640,916,400 | |
Total liabilities | – | 9,708,245 |
Net assets | $631,208,155 | |
Net Assets by Source | ||
Capital received from investors | 601,717,430 | |
Net investment income not yet distributed | 9,714,185 | |
Net realized capital losses | (15,025,395) | |
Net unrealized capital appreciation | 34,801,935 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$631,208,155 | 27,300,001 | $23.12 | ||
Investment Income | ||
Dividends (net of foreign withholding tax of $1,402,972) | $10,205,455 | |
Securities on loan | + | 362 |
Total investment income | 10,205,817 | |
Expenses | ||
Investment adviser fees | 1,163,314 | |
Total expenses | – | 1,163,314 |
Net investment income | 9,042,503 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments (net of foreign capital gains tax of $3,267) | (4,140,490) | |
Net realized gains on futures contracts | 165,520 | |
Net realized losses on foreign currency transactions | + | (48,235) |
Net realized losses | (4,023,205) | |
Net change in unrealized appreciation (depreciation) on investments (net of change in foreign capital gain tax of ($277,866)) | 116,217,540 | |
Net change in unrealized appreciation (depreciation) on futures contracts | (20,972) | |
Net change in unrealized appreciation (depreciation) on foreign currency translations | + | 57,022 |
Net change in unrealized appreciation (depreciation) | + | 116,253,590 |
Net realized and unrealized gains | 112,230,385 | |
Increase in net assets resulting from operations | $121,272,888 |
Operations | |||
3/1/16-8/31/16 | 3/1/15-2/29/16 | ||
Net investment income | $9,042,503 | $7,336,753 | |
Net realized losses | (4,023,205) | (10,486,500) | |
Net change in unrealized appreciation (depreciation) | + | 116,253,590 | (78,840,410) |
Increase (decrease) in net assets resulting from operations | 121,272,888 | (81,990,157) | |
Distributions to Shareholders | |||
Distributions from net investment income | $— | ($6,556,080) |
Transactions in Fund Shares | |||||
3/1/16-8/31/16 | 3/1/15-2/29/16 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 7,100,000 | $150,843,512 | 16,500,000 | $357,682,826 | |
Shares redeemed | + | — | — | (300,000) | (6,686,539) |
Net transactions in fund shares | 7,100,000 | $150,843,512 | 16,200,000 | $350,996,287 | |
Shares Outstanding and Net Assets | |||||
3/1/16-8/31/16 | 3/1/15-2/29/16 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 20,200,001 | $359,091,755 | 4,000,001 | $96,641,705 | |
Total increase | + | 7,100,000 | 272,116,400 | 16,200,000 | 262,450,050 |
End of period | 27,300,001 | $631,208,155 | 20,200,001 | $359,091,755 | |
Net investment income not yet distributed | $9,714,185 | $671,682 |
Schwab Strategic Trust (organized January 27, 2009) | Schwab U.S. Mid-Cap ETF™ |
Schwab Fundamental U.S. Broad Market Index ETF | Schwab U.S. Small-Cap ETF™ |
Schwab Fundamental U.S. Large Company Index ETF | Schwab U.S. Dividend Equity ETF™ |
Schwab Fundamental U.S. Small Company Index ETF | Schwab U.S. REIT ETF™ |
Schwab Fundamental International Large Company Index ETF | Schwab International Equity ETF™ |
Schwab Fundamental International Small Company Index ETF | Schwab International Small-Cap Equity ETF™ |
Schwab Fundamental Emerging Markets Large Company Index ETF | Schwab Emerging Markets Equity ETF™ |
Schwab U.S. Broad Market ETF™ | Schwab U.S. TIPS ETF™ |
Schwab U.S. Large-Cap ETF™ | Schwab Short-Term U.S. Treasury ETF™ |
Schwab U.S. Large-Cap Growth ETF™ | Schwab Intermediate-Term U.S. Treasury ETF™ |
Schwab U.S. Large-Cap Value ETF™ | Schwab U.S. Aggregate Bond ETF™ |
Schwab Fundamental U.S. Broad Market Index ETF | Schwab Fundamental U.S. Large Company Index ETF | Schwab Fundamental U.S. Small Company Index ETF | Schwab Fundamental International Large Company Index ETF | Schwab Fundamental International Small Company Index ETF | Schwab Fundamental Emerging Markets Large Company Index ETF | |||||
0.32% | 0.32% | 0.32% | 0.32% | 0.46% | 0.46% |
Fund | Balance of Shares Held at 2/29/16 | Gross Purchases | Gross Sales | Balance of Shares Held at 8/31/16 | Market Value at 8/31/16 | Realized Gains (Losses) 3/1/16 to 8/31/16 | Dividends Received 3/1/16 to 8/31/16 | |||||||
Schwab Fundamental U.S. Broad Market Index ETF | 2,712 | 176 | — | 2,888 | $90,856 | $— | $398 | |||||||
Schwab Fundamental U.S. Large Company Index ETF | 17,086 | 7,488 | (104) | 24,470 | 769,826 | 578 | 1,649 |
Total Aggregate Transactions | Realized Gains (Losses) | ||
Schwab Fundamental U.S. Broad Market Index ETF | $2,673,997 | ($903,427) | |
Schwab Fundamental U.S. Large Company Index ETF | 25,779,662 | (934,929) | |
Schwab Fundamental U.S. Small Company Index ETF | 7,698,196 | (1,802,873) | |
Schwab Fundamental International Large Company Index ETF | 23,493,412 | (909,528) | |
Schwab Fundamental International Small Company Index ETF | 2,654,175 | (414,326) | |
Schwab Fundamental Emerging Markets Large Company Index ETF | 4,501,481 | (341,917) |
Contract Values | Number of Contracts | ||
Schwab Fundamental U.S. Broad Market Index ETF | $402,606 | 4 | |
Schwab Fundamental U.S. Large Company Index ETF | 2,690,978 | 26 | |
Schwab Fundamental U.S. Small Company Index ETF | 1,445,027 | 12 | |
Schwab Fundamental International Large Company Index ETF | 4,366,958 | 53 | |
Schwab Fundamental International Small Company Index ETF | 140,633 | 2 | |
Schwab Fundamental Emerging Markets Large Company Index ETF | 634,413 | 15 |
Purchases of Securities | Sales/Maturities of Securities | ||
Schwab Fundamental U.S. Broad Market Index ETF | $11,873,043 | $10,402,024 | |
Schwab Fundamental U.S. Large Company Index ETF | 82,656,186 | 67,596,994 | |
Schwab Fundamental U.S. Small Company Index ETF | 160,289,319 | 144,591,622 | |
Schwab Fundamental International Large Company Index ETF | 87,735,297 | 61,339,950 | |
Schwab Fundamental International Small Company Index ETF | 95,860,521 | 86,502,712 | |
Schwab Fundamental Emerging Markets Large Company Index ETF | 168,153,928 | 40,991,536 |
In-Kind Purchases of Securities | In-Kind Sales of Securities | ||
Schwab Fundamental U.S. Broad Market Index ETF | $11,548,942 | — | |
Schwab Fundamental U.S. Large Company Index ETF | 427,268,354 | 10,451,236 | |
Schwab Fundamental U.S. Small Company Index ETF | 238,767,620 | 5,934,297 | |
Schwab Fundamental International Large Company Index ETF | 279,940,331 | — | |
Schwab Fundamental International Small Company Index ETF | 123,463,003 | 10,378,485 | |
Schwab Fundamental Emerging Markets Large Company Index ETF | 32,963,750 | — |
Expiration Date | Schwab Fundamental U.S. Broad Market Index ETF | Schwab Fundamental U.S. Large Company Index ETF | Schwab Fundamental U.S. Small Company Index ETF | Schwab Fundamental International Large Company Index ETF | Schwab Fundamental International Small Company Index ETF | Schwab Fundamental Emerging Markets Large Company Index ETF | ||||||
No expiration* | $1,050,504 | $4,959,322 | $9,026,549 | $9,491,143 | $3,803,715 | $4,730,013 | ||||||
Total | $1,050,504 | $4,959,322 | $9,026,549 | $9,491,143 | $3,803,715 | $4,730,013 |
* | As a result of the passage of the Regulated Investment Company Modernization Act of 2010, capital losses incurred after December 31, 2010 may now be carried forward indefinitely, but must retain the character of the original loss. |
The Investment Company Act of 1940 (the 1940 Act) requires that initial approval of, as well as the continuation of, a fund’s investment advisory agreement must be specifically approved (1) by the vote of the trustees or by a vote of the shareholders of the fund, and (2) by the vote of a majority of the trustees who are not parties to the investment advisory agreement or “interested persons” of any party (Independent Trustees), cast in person at a meeting called for the purpose of voting on such approval. In connection with such approvals, the fund’s trustees must request and evaluate, and the investment adviser is required to furnish, such information as may be reasonably necessary to evaluate the terms of the investment advisory agreement.
1. | nature, extent and quality of the services provided to the Funds under the Agreement, including the resources of CSIM and its affiliates dedicated to the Funds; |
2. | each Fund’s investment performance and how it compared to that of certain other comparable exchange-traded funds; |
3. | each Fund’s expenses and how those expenses compared to those of certain other comparable exchange-traded funds; |
4. | the profitability of CSIM and its affiliates, including Charles Schwab & Co., Inc. (Schwab), with respect to the Funds, including both direct and indirect benefits accruing to CSIM and its affiliates; and |
5. | the extent to which economies of scale would be realized as the Funds grow and whether fee levels in the Agreement reflect those economies of scale for the benefit of Fund investors. |
Independent Trustees | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Robert W. Burns 1959 Trustee (Trustee of Schwab Strategic Trust since 2009; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) | Retired/Private Investor (Jan. 2009 – present). Formerly, Managing Director, Pacific Investment Management Company, LLC (PIMCO) and President, PIMCO Funds. | 108 | Director, PS Business Parks, Inc. (2005 – 2012) |
John F. Cogan 1947 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Laudus Trust since 2010; Schwab Strategic Trust since 2016) | Senior Fellow, The Hoover Institution at Stanford University (Oct. 1979 – present); Senior Fellow, Stanford Institute for Economic Policy Research (2000 – present); Professor of Public Policy, Stanford University (1994 – 2015). | 108 | Director, Gilead Sciences, Inc. (2005 – present) |
Stephen Timothy Kochis 1946 Trustee (Trustee of Schwab Strategic Trust since 2012; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) | CEO and Owner, Kochis Global (wealth management consulting) (May 2012 – present); Chairman and CEO, Aspiriant, LLC (wealth management) (Jan. 2008 – Apr. 2012). | 108 | None |
David L. Mahoney 1954 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016) | Private Investor. | 108 | Director, Symantec Corporation (2003 – present) Director, Corcept Therapeutics Incorporated (2004 – present) Director, Adamas Pharmaceuticals, Inc. (2009 – present) |
Kiran M. Patel 1948 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016) | Retired. Executive Vice President and General Manager of Small Business Group, Intuit, Inc. (financial software and services firm for consumers and small businesses) (Dec. 2008 – Sept. 2013). | 108 | Director, KLA-Tencor Corporation (2008 – present) |
Independent Trustees (continued) | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Kimberly S. Patmore 1956 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2016) | Consultant, Patmore Management Consulting (management consulting) (2008 – present). | 108 | None |
Charles A. Ruffel 1956 Trustee (Trustee of Schwab Strategic Trust since 2009; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2015) | Co-Chief Executive Officer, Kudu Investment Management, LLC (financial services) (Jan. 2015 – present); Partner, Kudu Advisors, LLC (financial services) (June 2008 – Jan. 2015); Advisor, Asset International, Inc. (publisher of financial services information) (Aug. 2008 – Jan. 2015). | 108 | None |
Gerald B. Smith 1950 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2000; Laudus Trust since 2010; Schwab Strategic Trust since 2016) | Chairman, Chief Executive Officer and Founder of Smith Graham & Co. (investment advisors) (Mar. 1990 – present). | 108 | Director, Eaton (2012 – present) Director and Chairman of the Audit Committee, Oneok Partners LP (2003 – 2013) Director, Oneok, Inc. (2009 – 2013) Lead Independent Director, Board of Cooper Industries (2002 – 2012) |
Joseph H. Wender 1944 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Laudus Trust since 2010; Schwab Strategic Trust since 2016) | Senior Consultant, Goldman Sachs & Co., Inc. (investment banking and securities firm) (Jan. 2008 – present); Partner, Colgin Partners, LLC (vineyards) (Feb. 1998 – present). | 108 | Board Member and Chairman of the Audit Committee, Ionis Pharmaceuticals (1994 – present) Lead Independent Director and Chair of Audit Committee, OUTFRONT Media Inc. (2014 – present) |
Interested Trustees | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Walter W. Bettinger II2 1960 Chairman and Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Schwab Strategic Trust since 2009; Laudus Trust since 2010) | Director, President and Chief Executive Officer, The Charles Schwab Corporation (Oct. 2008 – present); President and Chief Executive Officer (Oct. 2008 – present), Director (May 2008 – present), Charles Schwab & Co., Inc.; Director, Charles Schwab Bank (Apr. 2006 – present); and Director, Schwab Holdings, Inc. (May 2008 – present). | 108 | Director, The Charles Schwab Corporation (2008 – present) |
Interested Trustees (continued) | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Marie A. Chandoha2 1961 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2016) | Director, President and Chief Executive Officer (Dec. 2010 – present), Chief Investment Officer (Sept. 2010 – Oct. 2011), Charles Schwab Investment Management, Inc.; Trustee (Jan. 2016 – present), President, Chief Executive Officer (Dec. 2010 – present), and Chief Investment Officer (Sept. 2010 – Oct. 2011), Schwab Funds, Laudus Funds and Schwab ETFs; Director, Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited (Jan. 2011 – present); Global Head of Fixed Income Business Division, BlackRock, Inc. (formerly Barclays Global Investors) (Mar. 2007 – Aug. 2010). | 108 | None |
Joseph R. Martinetto2 1962 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2016) | Senior Executive Vice President and Chief Financial Officer, The Charles Schwab Corporation and Charles Schwab & Co., Inc. (July 2015 – present); Executive Vice President and Chief Financial Officer of The Charles Schwab Corporation and Charles Schwab & Co., Inc. (May 2007 – July 2015); Director, Charles Schwab & Co., Inc. (May 2007 – present); Director (Apr. 2010 – present) and Chief Executive Officer (July 2013 – Apr. 2015), Charles Schwab Bank; Director, Executive Vice President and Chief Financial Officer, Schwab Holdings, Inc. (May 2007 – present). | 108 | None |
Officers of the Trust | |
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served3) | Principal Occupations During the Past Five Years |
Marie A. Chandoha 1961 President and Chief Executive Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2010) | Director, President and Chief Executive Officer (Dec. 2010 – present), Chief Investment Officer (Sept. 2010 – Oct. 2011), Charles Schwab Investment Management, Inc.; Trustee (Jan. 2016 – present), President, Chief Executive Officer (Dec. 2010 – present), and Chief Investment Officer (Sept. 2010 – Oct. 2011), Schwab Funds, Laudus Funds and Schwab ETFs; Director, Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited (Jan. 2011 – present); Global Head of Fixed Income Business Division, BlackRock, Inc. (formerly Barclays Global Investors) (Mar. 2007 – Aug. 2010). |
Mark Fischer 1970 Treasurer and Chief Financial Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2013) | Treasurer and Chief Financial Officer, Schwab Funds, Laudus Funds and Schwab ETFs (Jan. 2016 – present); Assistant Treasurer, Schwab Funds and Laudus Funds (Dec. 2013 – Dec. 2015), Schwab ETFs (Nov. 2013 – Dec. 2015); Vice President, Charles Schwab Investment Management, Inc. (Oct. 2013 – present); Executive Director, J.P. Morgan Investor Services (Apr. 2011 – Sept. 2013); Assistant Treasurer, Massachusetts Financial Service Investment Management (May 2005 – Mar. 2011). |
Officers of the Trust (continued) | |
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served3) | Principal Occupations During the Past Five Years |
George Pereira 1964 Senior Vice President and Chief Operating Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2004; Laudus Trust since 2006; Schwab Strategic Trust since 2009) | Senior Vice President and Chief Financial Officer (Nov. 2004 – present), Chief Operating Officer (Jan. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Operating Officer (Jan. 2016 – present), Treasurer and Chief Financial Officer, Laudus Funds (June 2006 – Dec. 2015); Treasurer and Principal Financial Officer, Schwab Funds (Nov. 2004 – Dec. 2015) and Schwab ETFs (Oct. 2009 – Dec. 2015); Director, Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited (Apr. 2005 – present). |
Omar Aguilar 1970 Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies, Charles Schwab Investment Management, Inc. (Apr. 2011 – present); Senior Vice President and Chief Investment Officer – Equities, Schwab Funds, Laudus Funds and Schwab ETFs (June 2011 – present); Head of the Portfolio Management Group and Vice President of Portfolio Management, Financial Engines, Inc. (May 2009 – Apr. 2011); Head of Quantitative Equity, ING Investment Management (July 2004 – Jan. 2009). |
Brett Wander 1961 Senior Vice President and Chief Investment Officer – Fixed Income (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Senior Vice President and Chief Investment Officer – Fixed Income, Charles Schwab Investment Management, Inc. (Apr. 2011 – present); Senior Vice President and Chief Investment Officer – Fixed Income, Schwab Funds, Laudus Funds and Schwab ETFs (June 2011 – present); Senior Managing Director, Global Head of Active Fixed-Income Strategies, State Street Global Advisors (Jan. 2008 – Oct. 2010); Director of Alpha Strategies Loomis, Sayles & Company (Apr. 2006 – Jan. 2008). |
David Lekich 1964 Chief Legal Officer and Secretary, Schwab Funds and Schwab ETFs Vice President and Assistant Clerk, Laudus Funds (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Senior Vice President (Sept. 2011 – present), Vice President (Mar. 2004 – Sept. 2011), Charles Schwab & Co., Inc.; Senior Vice President and Chief Counsel (Sept. 2011 – present), Vice President (Jan. 2011 – Sept. 2011), Charles Schwab Investment Management, Inc.; Secretary (Apr. 2011 – present) and Chief Legal Officer (Dec. 2011 – present), Schwab Funds; Vice President and Assistant Clerk, Laudus Funds (Apr. 2011 – present); Secretary (May 2011 – present) and Chief Legal Officer (Nov. 2011 – present), Schwab ETFs. |
Catherine MacGregor 1964 Vice President and Assistant Secretary, Schwab Funds and Schwab ETFs Chief Legal Officer, Vice President and Clerk, Laudus Funds (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2005; Schwab Strategic Trust since 2009) | Vice President, Charles Schwab & Co., Inc., Charles Schwab Investment Management, Inc. (July 2005 – present); Vice President (Dec. 2005 – present), Chief Legal Officer and Clerk (Mar. 2007 – present), Laudus Funds; Vice President (Nov. 2005 – present) and Assistant Secretary (June 2007 – present), Schwab Funds; Vice President and Assistant Secretary, Schwab ETFs (Oct. 2009 – present). |
1 | Each Trustee shall hold office until the election and qualification of his or her successor, or until he or she dies, resigns or is removed. The retirement policy requires that each independent trustee retire by December 31 of the year in which the Trustee turns 74 or the Trustee’s twentieth year of service as an independent trustee on any trust in the Fund Complex, whichever occurs first. |
2 | Mr. Bettinger, Ms. Chandoha, and Mr. Martinetto are Interested Trustees because they own stock of The Charles Schwab Corporation, the parent company of the investment adviser. |
3 | The President, Treasurer and Secretary/Clerk hold office until their respective successors are chosen and qualified or until he or she sooner dies, resigns, is removed or becomes disqualified. Each of the other officers serves at the pleasure of the Board. |
Schwab U.S. Large-Cap ETF™
Schwab U.S. Large-Cap Growth ETF™
Schwab U.S. Large-Cap Value ETF™
Schwab U.S. Mid-Cap ETF™
Schwab U.S. Small-Cap ETF™
Schwab U.S. Dividend Equity ETF™
Schwab U.S. REIT ETF™
Schwab International Small-Cap Equity ETF™
Schwab Emerging Markets Equity ETF™
Schwab Short-Term U.S. Treasury ETF™
Schwab Intermediate-Term U.S. Treasury ETF™
Schwab U.S. Aggregate Bond ETF™
Schwab Fundamental U.S. Large Company Index ETF
Schwab Fundamental U.S. Small Company Index ETF
Schwab Fundamental International Large Company Index ETF
Schwab Fundamental International Small Company Index ETF
Schwab Fundamental Emerging Markets Large Company
Index ETF
* | FUNDAMENTAL INDEX is a registered trademark of Research Affiliates LLC. |
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211 Main Street, San Francisco, CA 94105
© 2016 Charles Schwab Investment Management, Inc. All rights reserved.
Printed on recycled paper.
00179042
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Table of Contents
Item 2: | Code of Ethics. |
Not applicable to this semi-annual report.
Item 3: | Audit Committee Financial Expert. |
Not applicable to this semi-annual report.
Item 4: | Principal Accountant Fees and Services. |
Not applicable to this semi-annual report.
Item 5: | Audit Committee of Listed Registrants. |
Not applicable.
Item 6: | Schedule of Investments. |
Except as noted below, the schedules of investments are included as part of the report to shareholders filed under Item 1 of this Form. The schedules of investments for the Schwab Fundamental U.S. Broad Market Index ETF, Schwab Fundamental U.S. Large Company Index ETF, Schwab Fundamental U.S. Small Company Index ETF, Schwab Fundamental International Large Company Index ETF, Schwab Fundamental International Small Company Index ETF, and Schwab Fundamental Emerging Markets Large Company Index ETF are filed under this Item.
Table of Contents
Holdings by Category | Cost ($) | Value ($) | |
99.6% | Common Stock | 190,432,272 | 200,601,950 |
0.0% | Rights | 1,852 | 2,205 |
0.2% | Other Investment Companies | 326,517 | 326,517 |
99.8% | Total Investments | 190,760,641 | 200,930,672 |
0.2% | Other Assets and Liabilities, Net | 372,189 | |
100.0% | Net Assets | 201,302,861 |
Security | Number of Shares | Value ($) |
Common Stock 99.6% of net assets | ||
Automobiles & Components 1.3% | ||
American Axle & Manufacturing Holdings, Inc. * | 582 | 9,975 |
BorgWarner, Inc. | 3,002 | 103,239 |
Cooper Tire & Rubber Co. | 798 | 27,124 |
Cooper-Standard Holding, Inc. * | 190 | 18,819 |
Dana, Inc. | 2,928 | 42,222 |
Delphi Automotive plc | 1,753 | 123,867 |
Dorman Products, Inc. * | 222 | 14,002 |
Drew Industries, Inc. | 260 | 26,481 |
Ford Motor Co. | 54,351 | 684,823 |
General Motors Co. | 20,835 | 665,053 |
Gentex Corp. | 2,080 | 37,003 |
Harley-Davidson, Inc. | 1,764 | 92,963 |
Johnson Controls, Inc. | 8,704 | 381,931 |
Lear Corp. | 1,170 | 136,059 |
Standard Motor Products, Inc. | 390 | 17,476 |
Tenneco, Inc. * | 738 | 41,202 |
The Goodyear Tire & Rubber Co. | 2,382 | 69,912 |
Thor Industries, Inc. | 547 | 44,389 |
Visteon Corp. | 658 | 46,521 |
2,583,061 | ||
Banks 4.9% | ||
Associated Banc-Corp. | 1,266 | 25,117 |
Astoria Financial Corp. | 763 | 11,674 |
BancorpSouth, Inc. | 372 | 9,263 |
Bank of America Corp. | 80,738 | 1,303,111 |
Bank of Hawaii Corp. | 520 | 37,461 |
BankUnited, Inc. | 392 | 12,603 |
BB&T Corp. | 6,502 | 250,327 |
BOK Financial Corp. | 130 | 8,979 |
Capitol Federal Financial, Inc. | 2,418 | 34,771 |
Security | Number of Shares | Value ($) |
Cathay General Bancorp | 145 | 4,556 |
CIT Group, Inc. | 2,819 | 103,965 |
Citigroup, Inc. | 27,920 | 1,332,901 |
Citizens Financial Group, Inc. | 2,469 | 61,157 |
Comerica, Inc. | 1,560 | 73,772 |
Commerce Bancshares, Inc. | 573 | 29,040 |
Community Bank System, Inc. | 130 | 6,168 |
Cullen/Frost Bankers, Inc. | 470 | 34,263 |
CVB Financial Corp. | 650 | 11,563 |
East West Bancorp, Inc. | 520 | 19,313 |
EverBank Financial Corp. | 377 | 7,235 |
F.N.B. Corp. | 910 | 11,366 |
Fifth Third Bancorp | 8,476 | 170,876 |
First Citizens BancShares, Inc., Class A | 35 | 9,972 |
First Financial Bancorp | 661 | 14,410 |
First Financial Bankshares, Inc. | 353 | 12,927 |
First Horizon National Corp. | 2,470 | 37,989 |
First Republic Bank | 523 | 40,250 |
Fulton Financial Corp. | 1,560 | 22,558 |
Glacier Bancorp, Inc. | 392 | 11,736 |
Great Western Bancorp, Inc. | 361 | 12,361 |
Hancock Holding Co. | 360 | 11,747 |
Huntington Bancshares, Inc. | 5,169 | 51,742 |
IBERIABANK Corp. | 130 | 8,940 |
International Bancshares Corp. | 520 | 15,418 |
JPMorgan Chase & Co. | 34,127 | 2,303,572 |
KeyCorp | 9,064 | 113,844 |
M&T Bank Corp. | 1,068 | 126,376 |
MB Financial, Inc. | 390 | 15,280 |
NBT Bancorp, Inc. | 260 | 8,395 |
New York Community Bancorp, Inc. | 5,070 | 76,608 |
Northwest Bancshares, Inc. | 1,536 | 23,839 |
Ocwen Financial Corp. * | 4,000 | 14,240 |
Old National Bancorp | 520 | 7,363 |
PacWest Bancorp | 169 | 7,319 |
People's United Financial, Inc. | 2,600 | 42,250 |
PHH Corp. * | 3,990 | 61,047 |
Popular, Inc. | 1,690 | 66,434 |
PrivateBancorp, Inc. | 254 | 11,671 |
Prosperity Bancshares, Inc. | 200 | 11,094 |
Regions Financial Corp. | 12,810 | 127,716 |
Signature Bank * | 93 | 11,347 |
SunTrust Banks, Inc. | 4,148 | 182,802 |
SVB Financial Group * | 130 | 14,438 |
Synovus Financial Corp. | 522 | 17,268 |
TCF Financial Corp. | 1,820 | 26,663 |
The PNC Financial Services Group, Inc. | 3,900 | 351,390 |
Trustmark Corp. | 520 | 14,747 |
U.S. Bancorp | 11,311 | 499,381 |
UMB Financial Corp. | 195 | 11,856 |
Umpqua Holdings Corp. | 650 | 10,673 |
United Bankshares, Inc. | 390 | 15,366 |
Valley National Bancorp | 1,820 | 17,563 |
Washington Federal, Inc. | 780 | 20,670 |
Webster Financial Corp. | 520 | 20,088 |
Wells Fargo & Co. | 34,232 | 1,738,985 |
Westamerica Bancorp | 239 | 12,151 |
Wintrust Financial Corp. | 130 | 7,225 |
Zions Bancorp | 1,766 | 54,022 |
9,853,214 |
Security | Number of Shares | Value ($) |
Capital Goods 8.4% | ||
3M Co. | 5,050 | 905,162 |
A.O. Smith Corp. | 390 | 37,627 |
AAR Corp. | 780 | 19,196 |
Actuant Corp., Class A | 520 | 12,392 |
Acuity Brands, Inc. | 133 | 36,591 |
AECOM * | 2,372 | 73,129 |
Aegion Corp. * | 390 | 7,223 |
AGCO Corp. | 1,690 | 82,033 |
Air Lease Corp. | 547 | 16,071 |
Aircastle Ltd. | 680 | 14,722 |
Albany International Corp., Class A | 390 | 16,509 |
Allegion plc | 461 | 32,832 |
Allison Transmission Holdings, Inc. | 707 | 19,612 |
AMETEK, Inc. | 1,046 | 50,993 |
Apogee Enterprises, Inc. | 159 | 7,696 |
Applied Industrial Technologies, Inc. | 782 | 37,161 |
Armstrong World Industries, Inc. * | 1,520 | 66,074 |
Astec Industries, Inc. | 260 | 15,285 |
AZZ, Inc. | 147 | 9,765 |
B/E Aerospace, Inc. | 390 | 19,715 |
Barnes Group, Inc. | 520 | 21,497 |
Beacon Roofing Supply, Inc. * | 390 | 17,932 |
Briggs & Stratton Corp. | 910 | 17,299 |
BWX Technologies, Inc. | 1,094 | 42,458 |
Carlisle Cos., Inc. | 520 | 54,527 |
Caterpillar, Inc. | 8,862 | 726,241 |
Chart Industries, Inc. * | 314 | 9,458 |
Chicago Bridge & Iron Co. N.V. | 1,206 | 35,915 |
CIRCOR International, Inc. | 130 | 7,678 |
CLARCOR, Inc. | 390 | 25,533 |
Colfax Corp. * | 650 | 19,292 |
Comfort Systems USA, Inc. | 619 | 17,573 |
Crane Co. | 390 | 25,085 |
Cubic Corp. | 337 | 15,778 |
Cummins, Inc. | 2,449 | 307,619 |
Curtiss-Wright Corp. | 520 | 46,748 |
Deere & Co. | 5,814 | 491,574 |
DigitalGlobe, Inc. * | 390 | 10,565 |
Donaldson Co., Inc. | 1,254 | 47,088 |
Dover Corp. | 2,234 | 161,965 |
Dycom Industries, Inc. * | 292 | 23,687 |
Eaton Corp. plc | 4,421 | 294,173 |
EMCOR Group, Inc. | 1,040 | 59,550 |
Emerson Electric Co. | 10,468 | 551,454 |
Encore Wire Corp. | 390 | 15,101 |
EnerSys | 390 | 27,448 |
EnPro Industries, Inc. | 130 | 7,007 |
ESCO Technologies, Inc. | 396 | 17,868 |
Esterline Technologies Corp. * | 260 | 20,007 |
Fastenal Co. | 2,163 | 93,247 |
Flowserve Corp. | 2,113 | 102,206 |
Fluor Corp. | 4,825 | 250,417 |
Fortive Corp. | 1,350 | 71,105 |
Fortune Brands Home & Security, Inc. | 826 | 52,501 |
Franklin Electric Co., Inc. | 260 | 9,945 |
GATX Corp. | 650 | 28,503 |
Generac Holdings, Inc. * | 716 | 26,707 |
General Cable Corp. | 3,283 | 52,955 |
General Dynamics Corp. | 3,057 | 465,337 |
General Electric Co. | 76,103 | 2,377,458 |
Security | Number of Shares | Value ($) |
Graco, Inc. | 390 | 28,731 |
Granite Construction, Inc. | 780 | 37,440 |
Griffon Corp. | 879 | 15,048 |
H&E Equipment Services, Inc. | 526 | 8,379 |
Harsco Corp. | 4,695 | 46,715 |
HD Supply Holdings, Inc. * | 282 | 10,183 |
HEICO Corp. | 132 | 8,971 |
Herc Holdings, Inc. * | 510 | 17,243 |
Hexcel Corp. | 390 | 17,492 |
Hillenbrand, Inc. | 520 | 16,718 |
Honeywell International, Inc. | 4,761 | 555,656 |
Hubbell, Inc. | 558 | 60,437 |
Huntington Ingalls Industries, Inc. | 325 | 53,680 |
Hyster-Yale Materials Handling, Inc. | 138 | 7,139 |
IDEX Corp. | 390 | 36,442 |
Illinois Tool Works, Inc. | 3,732 | 443,548 |
Ingersoll-Rand plc | 2,863 | 194,655 |
Jacobs Engineering Group, Inc. * | 2,876 | 151,536 |
Joy Global, Inc. | 4,635 | 126,443 |
Kaman Corp. | 260 | 11,671 |
KBR, Inc. | 6,003 | 88,124 |
Kennametal, Inc. | 1,525 | 42,639 |
KLX, Inc. * | 710 | 26,511 |
L-3 Communications Holdings, Inc. | 2,040 | 303,593 |
Lennox International, Inc. | 309 | 49,771 |
Lincoln Electric Holdings, Inc. | 650 | 41,314 |
Lindsay Corp. | 77 | 5,541 |
Lockheed Martin Corp. | 2,323 | 564,419 |
Masco Corp. | 822 | 29,165 |
Masonite International Corp. * | 130 | 8,675 |
MasTec, Inc. * | 1,127 | 33,190 |
Moog, Inc., Class A * | 390 | 23,006 |
MRC Global, Inc. * | 2,564 | 37,614 |
MSC Industrial Direct Co., Inc., Class A | 409 | 29,873 |
Mueller Industries, Inc. | 1,247 | 43,096 |
MYR Group, Inc. * | 572 | 16,588 |
Nordson Corp. | 260 | 25,670 |
Northrop Grumman Corp. | 2,768 | 587,010 |
NOW, Inc. * | 2,946 | 60,805 |
Orbital ATK, Inc. | 296 | 22,327 |
Oshkosh Corp. | 1,643 | 88,607 |
Owens Corning | 1,580 | 86,774 |
PACCAR, Inc. | 3,462 | 207,166 |
Parker-Hannifin Corp. | 1,912 | 234,277 |
Pentair plc | 1,306 | 83,649 |
Primoris Services Corp. | 556 | 10,686 |
Quanex Building Products Corp. | 520 | 10,052 |
Quanta Services, Inc. * | 3,251 | 83,648 |
Raven Industries, Inc. | 755 | 18,528 |
Raytheon Co. | 3,849 | 539,360 |
RBC Bearings, Inc. * | 109 | 8,621 |
Regal Beloit Corp. | 749 | 45,936 |
Rexnord Corp. * | 481 | 10,635 |
Rockwell Automation, Inc. | 980 | 113,611 |
Rockwell Collins, Inc. | 1,300 | 108,797 |
Roper Technologies, Inc. | 390 | 69,245 |
Rush Enterprises, Inc., Class A * | 520 | 12,366 |
Simpson Manufacturing Co., Inc. | 390 | 17,113 |
Snap-on, Inc. | 390 | 59,783 |
Spirit AeroSystems Holdings, Inc., Class A * | 999 | 45,774 |
SPX Corp. * | 2,676 | 50,683 |
Security | Number of Shares | Value ($) |
Standex International Corp. | 92 | 7,745 |
Stanley Black & Decker, Inc. | 1,186 | 146,767 |
Teledyne Technologies, Inc. * | 260 | 27,856 |
Tennant Co. | 130 | 8,415 |
Terex Corp. | 1,730 | 42,004 |
Textron, Inc. | 2,713 | 110,826 |
The Boeing Co. | 4,408 | 570,616 |
The Greenbrier Cos., Inc. | 252 | 8,540 |
The Middleby Corp. * | 139 | 17,813 |
The Timken Co. | 1,810 | 61,305 |
The Toro Co. | 520 | 50,518 |
Titan International, Inc. | 2,534 | 23,287 |
Titan Machinery, Inc. * | 675 | 7,229 |
TransDigm Group, Inc. * | 268 | 76,431 |
TriMas Corp. * | 336 | 6,444 |
Trinity Industries, Inc. | 1,924 | 46,984 |
Triumph Group, Inc. | 996 | 31,733 |
Tutor Perini Corp. * | 1,064 | 24,674 |
United Rentals, Inc. * | 861 | 70,869 |
United Technologies Corp. | 9,697 | 1,032,052 |
Universal Forest Products, Inc. | 355 | 38,748 |
Valmont Industries, Inc. | 336 | 43,838 |
W.W. Grainger, Inc. | 763 | 175,994 |
WABCO Holdings, Inc. * | 390 | 41,636 |
Wabtec Corp. | 390 | 29,878 |
Watsco, Inc. | 260 | 38,444 |
Watts Water Technologies, Inc., Class A | 260 | 16,744 |
WESCO International, Inc. * | 838 | 52,090 |
Woodward, Inc. | 390 | 24,461 |
Xylem, Inc. | 1,430 | 72,730 |
16,827,329 | ||
Commercial & Professional Services 1.1% | ||
ABM Industries, Inc. | 1,170 | 44,963 |
ACCO Brands Corp. * | 999 | 9,990 |
Brady Corp., Class A | 681 | 22,807 |
CEB, Inc. | 70 | 4,214 |
Cintas Corp. | 627 | 73,679 |
Clean Harbors, Inc. * | 443 | 21,175 |
Copart, Inc. * | 759 | 38,724 |
Covanta Holding Corp. | 1,040 | 15,486 |
Deluxe Corp. | 520 | 35,448 |
Equifax, Inc. | 522 | 68,852 |
Essendant, Inc. | 928 | 17,975 |
FTI Consulting, Inc. * | 654 | 28,966 |
G&K Services, Inc., Class A | 260 | 25,306 |
Healthcare Services Group, Inc. | 390 | 15,744 |
Herman Miller, Inc. | 780 | 28,135 |
HNI Corp. | 502 | 28,032 |
Huron Consulting Group, Inc. * | 130 | 8,172 |
ICF International, Inc. * | 260 | 10,881 |
Insperity, Inc. | 154 | 10,095 |
Interface, Inc. | 390 | 6,895 |
KAR Auction Services, Inc. | 522 | 22,070 |
Kelly Services, Inc., Class A | 1,430 | 27,342 |
Kforce, Inc. | 520 | 10,062 |
Knoll, Inc. | 520 | 13,759 |
Korn/Ferry International | 520 | 12,397 |
ManpowerGroup, Inc. | 1,563 | 111,692 |
Matthews International Corp., Class A | 390 | 23,989 |
McGrath RentCorp | 260 | 8,312 |
Security | Number of Shares | Value ($) |
Mobile Mini, Inc. | 130 | 3,887 |
MSA Safety, Inc. | 260 | 15,145 |
Navigant Consulting, Inc. * | 910 | 17,872 |
Nielsen Holdings plc | 1,493 | 79,547 |
On Assignment, Inc. * | 130 | 4,902 |
Pitney Bowes, Inc. | 4,040 | 75,790 |
Quad/Graphics, Inc. | 2,584 | 70,000 |
R.R. Donnelley & Sons Co. | 4,682 | 80,062 |
Republic Services, Inc. | 3,260 | 164,695 |
Resources Connection, Inc. | 910 | 13,732 |
Robert Half International, Inc. | 1,499 | 57,457 |
Rollins, Inc. | 390 | 11,115 |
Steelcase, Inc., Class A | 1,724 | 25,757 |
Stericycle, Inc. * | 260 | 22,355 |
Team, Inc. * | 130 | 4,130 |
Tetra Tech, Inc. | 1,210 | 42,713 |
The Brink's Co. | 571 | 20,841 |
The Dun & Bradstreet Corp. | 520 | 71,578 |
TrueBlue, Inc. * | 780 | 17,043 |
Tyco International plc | 3,403 | 148,643 |
UniFirst Corp. | 130 | 16,691 |
Verisk Analytics, Inc. * | 712 | 59,132 |
Viad Corp. | 390 | 13,946 |
Waste Management, Inc. | 5,218 | 333,639 |
West Corp. | 611 | 14,316 |
2,130,150 | ||
Consumer Durables & Apparel 1.3% | ||
Arctic Cat, Inc. | 460 | 6,518 |
Brunswick Corp. | 260 | 11,957 |
Carter's, Inc. | 394 | 37,544 |
Coach, Inc. | 5,673 | 216,595 |
Columbia Sportswear Co. | 260 | 14,604 |
Crocs, Inc. * | 1,280 | 11,059 |
D.R. Horton, Inc. | 1,211 | 38,825 |
Deckers Outdoor Corp. * | 394 | 25,748 |
Fossil Group, Inc. * | 1,000 | 28,560 |
G-III Apparel Group Ltd. * | 260 | 8,208 |
Garmin Ltd. | 1,527 | 74,945 |
Hanesbrands, Inc. | 1,592 | 42,252 |
Harman International Industries, Inc. | 425 | 35,993 |
Hasbro, Inc. | 1,138 | 93,020 |
Helen of Troy Ltd. * | 260 | 23,488 |
Iconix Brand Group, Inc. * | 2,318 | 19,471 |
La-Z-Boy, Inc. | 780 | 20,803 |
Leggett & Platt, Inc. | 1,560 | 81,869 |
Lennar Corp., Class A | 532 | 25,164 |
lululemon athletica, Inc. * | 343 | 26,243 |
M.D.C Holdings, Inc. | 260 | 6,789 |
Mattel, Inc. | 5,532 | 183,275 |
Meritage Homes Corp. * | 260 | 9,334 |
Michael Kors Holdings Ltd. * | 847 | 41,461 |
Mohawk Industries, Inc. * | 393 | 83,623 |
Newell Brands, Inc. | 2,215 | 117,572 |
NIKE, Inc., Class B | 7,845 | 452,186 |
NVR, Inc. * | 50 | 84,340 |
Oxford Industries, Inc. | 104 | 6,491 |
Polaris Industries, Inc. | 144 | 12,476 |
PulteGroup, Inc. | 1,560 | 33,337 |
PVH Corp. | 669 | 72,091 |
Ralph Lauren Corp. | 1,272 | 131,805 |
Security | Number of Shares | Value ($) |
Skechers U.S.A., Inc., Class A * | 650 | 15,801 |
Smith & Wesson Holding Corp. * | 597 | 16,806 |
Steven Madden Ltd. * | 390 | 13,685 |
Sturm Ruger & Co., Inc. | 176 | 10,787 |
Tempur Sealy International, Inc. * | 466 | 36,544 |
Toll Brothers, Inc. * | 403 | 12,529 |
Tupperware Brands Corp. | 727 | 47,640 |
Under Armour, Inc., Class A * | 260 | 10,304 |
Under Armour, Inc., Class C * | 261 | 9,305 |
VF Corp. | 2,592 | 160,834 |
Whirlpool Corp. | 1,027 | 183,463 |
Wolverine World Wide, Inc. | 687 | 16,426 |
2,611,770 | ||
Consumer Services 1.9% | ||
Apollo Education Group, Inc. * | 6,730 | 59,695 |
Aramark | 1,361 | 51,623 |
Bloomin' Brands, Inc. | 1,531 | 29,916 |
Bob Evans Farms, Inc. | 614 | 25,174 |
Boyd Gaming Corp. * | 449 | 8,755 |
Brinker International, Inc. | 1,105 | 59,350 |
Buffalo Wild Wings, Inc. * | 80 | 12,976 |
Caesars Entertainment Corp. * | 1,110 | 7,015 |
Capella Education Co. | 319 | 18,795 |
Career Education Corp. * | 4,995 | 32,667 |
Carnival Corp. | 4,092 | 195,598 |
Chipotle Mexican Grill, Inc. * | 77 | 31,857 |
Choice Hotels International, Inc. | 391 | 18,960 |
Churchill Downs, Inc. | 49 | 7,320 |
Cracker Barrel Old Country Store, Inc. | 134 | 20,383 |
Darden Restaurants, Inc. | 1,453 | 89,563 |
DeVry Education Group, Inc. | 1,975 | 45,504 |
DineEquity, Inc. | 130 | 10,139 |
Domino's Pizza, Inc. | 282 | 42,179 |
Dunkin' Brands Group, Inc. | 311 | 15,223 |
Graham Holdings Co., Class B | 76 | 37,267 |
Grand Canyon Education, Inc. * | 189 | 7,849 |
H&R Block, Inc. | 2,080 | 45,053 |
Hilton Worldwide Holdings, Inc. | 2,459 | 58,696 |
Houghton Mifflin Harcourt Co. * | 391 | 6,236 |
Hyatt Hotels Corp., Class A * | 260 | 13,905 |
International Game Technology plc | 905 | 20,661 |
International Speedway Corp., Class A | 390 | 12,983 |
Jack in the Box, Inc. | 473 | 47,045 |
K12, Inc. * | 1,104 | 13,193 |
La Quinta Holdings, Inc. * | 795 | 9,182 |
Las Vegas Sands Corp. | 2,866 | 143,902 |
Marriott International, Inc., Class A | 1,125 | 80,246 |
Marriott Vacations Worldwide Corp. | 188 | 14,495 |
McDonald's Corp. | 9,803 | 1,133,815 |
MGM Resorts International * | 2,340 | 55,903 |
Norwegian Cruise Line Holdings Ltd. * | 263 | 9,439 |
Panera Bread Co., Class A * | 194 | 42,127 |
Papa John's International, Inc. | 92 | 6,884 |
Penn National Gaming, Inc. * | 841 | 11,925 |
Red Robin Gourmet Burgers, Inc. * | 260 | 13,068 |
Regis Corp. * | 1,300 | 16,341 |
Royal Caribbean Cruises Ltd. | 1,009 | 71,750 |
SeaWorld Entertainment, Inc. | 1,911 | 24,862 |
Service Corp. International | 1,408 | 37,227 |
Six Flags Entertainment Corp. | 260 | 12,680 |
Security | Number of Shares | Value ($) |
Sotheby's | 281 | 11,142 |
Starbucks Corp. | 4,124 | 231,892 |
Starwood Hotels & Resorts Worldwide, Inc. | 1,200 | 92,952 |
Strayer Education, Inc. * | 520 | 25,314 |
Texas Roadhouse, Inc. | 520 | 23,020 |
The Cheesecake Factory, Inc. | 650 | 33,416 |
The Wendy's Co. | 3,640 | 37,092 |
Vail Resorts, Inc. | 161 | 25,507 |
Weight Watchers International, Inc. *(b) | 3,512 | 36,911 |
Wyndham Worldwide Corp. | 1,362 | 96,416 |
Wynn Resorts Ltd. | 1,352 | 120,761 |
Yum! Brands, Inc. | 3,024 | 274,307 |
3,738,156 | ||
Diversified Financials 4.0% | ||
Affiliated Managers Group, Inc. * | 130 | 18,467 |
Ally Financial, Inc. | 9,690 | 194,188 |
American Capital Agency Corp. | 3,500 | 67,585 |
American Express Co. | 9,494 | 622,617 |
Ameriprise Financial, Inc. | 1,649 | 166,681 |
Annaly Capital Management, Inc. | 16,033 | 171,713 |
Anworth Mortgage Asset Corp. | 1,300 | 6,357 |
Berkshire Hathaway, Inc., Class B * | 11,571 | 1,741,320 |
BGC Partners, Inc., Class A | 1,483 | 13,006 |
BlackRock, Inc. | 553 | 206,164 |
Capital One Financial Corp. | 5,663 | 405,471 |
Capstead Mortgage Corp. | 780 | 7,738 |
Cash America International, Inc. | 394 | 17,151 |
CBOE Holdings, Inc. | 394 | 27,064 |
Chimera Investment Corp. | 2,092 | 34,497 |
CME Group, Inc. | 1,717 | 186,037 |
Credit Acceptance Corp. * | 53 | 10,581 |
Discover Financial Services | 4,541 | 272,460 |
E*TRADE Financial Corp. * | 1,690 | 44,582 |
Eaton Vance Corp. | 934 | 37,388 |
Evercore Partners, Inc., Class A | 205 | 10,504 |
EZCORP, Inc., Class A * | 3,723 | 38,533 |
FactSet Research Systems, Inc. | 88 | 15,667 |
Federated Investors, Inc., Class B | 1,430 | 46,189 |
First Cash Financial Services, Inc. | 142 | 7,344 |
FNFV Group * | 2,538 | 32,715 |
Franklin Resources, Inc. | 4,237 | 154,650 |
Greenhill & Co., Inc. | 348 | 7,983 |
Intercontinental Exchange, Inc. | 150 | 42,303 |
Invesco Ltd. | 2,908 | 90,701 |
Invesco Mortgage Capital, Inc. | 1,077 | 16,952 |
Janus Capital Group, Inc. | 628 | 9,338 |
Lazard Ltd., Class A | 390 | 14,442 |
Legg Mason, Inc. | 1,722 | 59,564 |
Leucadia National Corp. | 2,319 | 44,409 |
LPL Financial Holdings, Inc. | 1,577 | 46,884 |
MarketAxess Holdings, Inc. | 86 | 14,494 |
MFA Financial, Inc. | 4,293 | 33,142 |
Moody's Corp. | 668 | 72,605 |
Morgan Stanley | 6,725 | 215,603 |
Morningstar, Inc. | 94 | 7,809 |
MSCI, Inc. | 339 | 30,551 |
Nasdaq, Inc. | 1,045 | 74,414 |
Navient Corp. | 3,430 | 49,323 |
Nelnet, Inc., Class A | 365 | 12,921 |
Security | Number of Shares | Value ($) |
New Residential Investment Corp. | 1,118 | 16,043 |
Northern Trust Corp. | 1,362 | 96,144 |
PennyMac Mortgage Investment Trust | 1,076 | 16,398 |
PRA Group, Inc. * | 566 | 18,101 |
Raymond James Financial, Inc. | 520 | 30,248 |
Redwood Trust, Inc. | 780 | 11,544 |
S&P Global, Inc. | 1,821 | 224,966 |
SEI Investments Co. | 1,040 | 47,944 |
SLM Corp. * | 15,877 | 117,728 |
Starwood Property Trust, Inc. | 1,100 | 25,190 |
State Street Corp. | 2,963 | 208,121 |
Stifel Financial Corp. * | 339 | 13,340 |
Synchrony Financial | 3,357 | 93,425 |
T. Rowe Price Group, Inc. | 1,851 | 128,719 |
TD Ameritrade Holding Corp. | 1,047 | 34,410 |
The Bank of New York Mellon Corp. | 5,704 | 237,686 |
The Charles Schwab Corp. (a) | 2,888 | 90,856 |
The Goldman Sachs Group, Inc. | 5,982 | 1,013,710 |
Thomson Reuters Corp. | 3,903 | 161,935 |
Two Harbors Investment Corp. | 1,090 | 9,701 |
Voya Financial, Inc. | 1,194 | 34,913 |
Waddell & Reed Financial, Inc., Class A | 754 | 14,024 |
Western Asset Mortgage Capital Corp. | 700 | 7,406 |
World Acceptance Corp. * | 656 | 31,560 |
8,084,219 | ||
Energy 13.7% | ||
Anadarko Petroleum Corp. | 5,815 | 310,928 |
Apache Corp. | 8,759 | 435,322 |
Archrock, Inc. | 3,263 | 35,958 |
Atwood Oceanics, Inc. | 2,538 | 20,050 |
Baker Hughes, Inc. | 6,788 | 333,494 |
Bill Barrett Corp. * | 3,928 | 26,082 |
Bristow Group, Inc. | 1,549 | 17,674 |
Cabot Oil & Gas Corp. | 1,725 | 42,487 |
California Resources Corp. | 1,905 | 18,917 |
CARBO Ceramics, Inc. | 874 | 10,951 |
Chesapeake Energy Corp. * | 34,479 | 218,942 |
Chevron Corp. | 50,100 | 5,039,058 |
Cimarex Energy Co. | 401 | 53,004 |
Concho Resources, Inc. * | 366 | 47,287 |
ConocoPhillips | 40,219 | 1,650,990 |
CONSOL Energy, Inc. | 6,914 | 126,111 |
Continental Resources, Inc. * | 417 | 19,999 |
Delek US Holdings, Inc. | 412 | 7,231 |
Denbury Resources, Inc. * | 21,024 | 64,754 |
Devon Energy Corp. | 9,365 | 405,785 |
Diamond Offshore Drilling, Inc. | 3,127 | 57,756 |
Dril-Quip, Inc. * | 434 | 24,117 |
Energen Corp. | 1,063 | 61,123 |
Ensco plc, Class A | 9,398 | 71,331 |
EOG Resources, Inc. | 3,202 | 283,345 |
EQT Corp. | 917 | 65,566 |
Exxon Mobil Corp. | 93,791 | 8,172,948 |
FMC Technologies, Inc. * | 1,982 | 55,892 |
Forum Energy Technologies, Inc. * | 443 | 7,784 |
Golar LNG Ltd. | 872 | 18,164 |
Green Plains, Inc. | 1,360 | 33,021 |
Halliburton Co. | 12,922 | 555,775 |
Helix Energy Solutions Group, Inc. * | 2,881 | 21,608 |
Helmerich & Payne, Inc. | 1,198 | 72,431 |
Security | Number of Shares | Value ($) |
Hess Corp. | 8,853 | 480,718 |
HollyFrontier Corp. | 6,176 | 159,835 |
Hornbeck Offshore Services, Inc. * | 1,324 | 7,242 |
Kinder Morgan, Inc. | 13,528 | 295,587 |
Marathon Oil Corp. | 32,504 | 488,210 |
Marathon Petroleum Corp. | 16,604 | 705,836 |
Matrix Service Co. * | 390 | 7,211 |
McDermott International, Inc. * | 9,727 | 50,872 |
Murphy Oil Corp. | 8,610 | 230,059 |
Nabors Industries Ltd. | 9,716 | 96,577 |
National Oilwell Varco, Inc. | 8,854 | 296,963 |
Newfield Exploration Co. * | 1,710 | 74,146 |
Newpark Resources, Inc. * | 2,943 | 20,778 |
Noble Corp. plc | 7,801 | 44,934 |
Noble Energy, Inc. | 3,232 | 111,439 |
Nordic American Tankers Ltd. | 381 | 3,909 |
Oasis Petroleum, Inc. * | 1,177 | 11,158 |
Occidental Petroleum Corp. | 11,432 | 878,549 |
Oceaneering International, Inc. | 1,700 | 45,084 |
Oil States International, Inc. * | 850 | 26,367 |
ONEOK, Inc. | 3,009 | 141,092 |
Patterson-UTI Energy, Inc. | 4,255 | 82,930 |
PBF Energy, Inc., Class A | 1,000 | 21,900 |
PDC Energy, Inc. * | 130 | 8,632 |
Phillips 66 | 13,647 | 1,070,607 |
Pioneer Energy Services Corp. * | 2,748 | 9,151 |
Pioneer Natural Resources Co. | 400 | 71,620 |
QEP Resources, Inc. | 4,781 | 91,317 |
Range Resources Corp. | 997 | 38,454 |
Renewable Energy Group, Inc. * | 1,067 | 9,571 |
Rowan Cos. plc, Class A | 1,836 | 22,877 |
RPC, Inc. * | 686 | 10,516 |
Schlumberger Ltd. | 13,564 | 1,071,556 |
SEACOR Holdings, Inc. * | 715 | 42,028 |
Seadrill Ltd. *(b) | 25,498 | 61,450 |
SemGroup Corp., Class A | 585 | 18,194 |
Ship Finance International Ltd. (b) | 520 | 7,847 |
SM Energy Co. | 1,288 | 48,789 |
Southwestern Energy Co. * | 6,570 | 91,389 |
Spectra Energy Corp. | 6,768 | 241,076 |
Superior Energy Services, Inc. | 3,006 | 50,591 |
Targa Resources Corp. | 799 | 34,820 |
Teekay Corp. | 1,503 | 10,867 |
Tesco Corp. | 1,493 | 10,167 |
Tesoro Corp. | 2,124 | 160,192 |
TETRA Technologies, Inc. * | 1,385 | 8,379 |
The Williams Cos., Inc. | 6,738 | 188,260 |
Tidewater, Inc. | 2,880 | 9,418 |
Transocean Ltd. *(b) | 18,280 | 177,316 |
Unit Corp. * | 2,341 | 40,008 |
US Silica Holdings, Inc. | 439 | 17,231 |
Valero Energy Corp. | 14,101 | 780,490 |
W&T Offshore, Inc. * | 8,124 | 13,892 |
Weatherford International plc * | 20,713 | 113,300 |
Whiting Petroleum Corp. * | 5,453 | 39,752 |
World Fuel Services Corp. | 4,004 | 178,498 |
WPX Energy, Inc. * | 5,519 | 66,228 |
27,481,764 |
Security | Number of Shares | Value ($) |
Food & Staples Retailing 3.6% | ||
Casey's General Stores, Inc. | 516 | 67,756 |
Costco Wholesale Corp. | 5,334 | 864,588 |
CVS Health Corp. | 16,459 | 1,537,271 |
Ingles Markets, Inc., Class A | 469 | 17,742 |
Performance Food Group Co. * | 700 | 17,990 |
PriceSmart, Inc. | 130 | 10,859 |
Rite Aid Corp. * | 4,526 | 34,081 |
SpartanNash Co. | 670 | 21,453 |
Sprouts Farmers Market, Inc. * | 472 | 10,634 |
SUPERVALU, Inc. * | 4,219 | 23,120 |
Sysco Corp. | 9,379 | 486,395 |
The Andersons, Inc. | 631 | 23,315 |
The Kroger Co. | 13,339 | 426,715 |
United Natural Foods, Inc. * | 1,223 | 55,769 |
Wal-Mart Stores, Inc. | 40,139 | 2,867,530 |
Walgreens Boots Alliance, Inc. | 8,777 | 708,392 |
Whole Foods Market, Inc. | 5,373 | 163,232 |
7,336,842 | ||
Food, Beverage & Tobacco 4.9% | ||
Altria Group, Inc. | 12,191 | 805,703 |
Archer-Daniels-Midland Co. | 17,049 | 746,064 |
B&G Foods, Inc. | 267 | 12,677 |
Brown-Forman Corp., Class B | 1,598 | 77,583 |
Bunge Ltd. | 5,350 | 341,865 |
Cal-Maine Foods, Inc. | 260 | 11,944 |
Campbell Soup Co. | 1,383 | 83,976 |
ConAgra Foods, Inc. | 4,070 | 189,703 |
Constellation Brands, Inc., Class A | 390 | 63,979 |
Darling Ingredients, Inc. * | 1,500 | 21,120 |
Dean Foods Co. | 1,310 | 22,545 |
Dr. Pepper Snapple Group, Inc. | 1,677 | 157,135 |
Flowers Foods, Inc. | 812 | 12,107 |
Fresh Del Monte Produce, Inc. | 910 | 52,935 |
General Mills, Inc. | 5,775 | 408,985 |
Hormel Foods Corp. | 2,016 | 77,132 |
Ingredion, Inc. | 790 | 108,198 |
J&J Snack Foods Corp. | 130 | 15,860 |
Kellogg Co. | 2,251 | 185,055 |
Lancaster Colony Corp. | 260 | 34,978 |
McCormick & Co., Inc. Non-Voting Shares | 910 | 92,784 |
Mead Johnson Nutrition Co. | 679 | 57,763 |
Molson Coors Brewing Co., Class B | 994 | 101,706 |
Mondelez International, Inc., Class A | 13,039 | 587,016 |
Monster Beverage Corp. * | 335 | 51,553 |
PepsiCo, Inc. | 12,691 | 1,354,764 |
Philip Morris International, Inc. | 16,802 | 1,679,024 |
Pilgrim's Pride Corp. | 693 | 15,994 |
Pinnacle Foods, Inc. | 499 | 25,274 |
Reynolds American, Inc. | 4,524 | 224,255 |
Sanderson Farms, Inc. | 393 | 37,818 |
Snyder's-Lance, Inc. | 390 | 13,783 |
The Coca-Cola Co. | 29,935 | 1,300,077 |
The Hain Celestial Group, Inc. * | 260 | 9,555 |
The Hershey Co. | 912 | 91,100 |
The J.M. Smucker Co. | 1,103 | 156,394 |
The Kraft Heinz Co. | 2,796 | 250,214 |
The WhiteWave Foods Co. * | 492 | 27,272 |
Security | Number of Shares | Value ($) |
TreeHouse Foods, Inc. * | 260 | 24,630 |
Tyson Foods, Inc., Class A | 4,490 | 339,309 |
Universal Corp. | 727 | 43,744 |
Vector Group Ltd. | 572 | 12,761 |
9,926,334 | ||
Health Care Equipment & Services 5.2% | ||
Abbott Laboratories | 10,408 | 437,344 |
Aetna, Inc. | 4,041 | 473,282 |
Air Methods Corp. * | 191 | 6,719 |
Alere, Inc. * | 418 | 16,356 |
Align Technology, Inc. * | 98 | 9,104 |
Allscripts Healthcare Solutions, Inc. * | 2,253 | 29,086 |
Amedisys, Inc. * | 312 | 15,017 |
AmerisourceBergen Corp. | 2,213 | 192,465 |
Amsurg Corp. * | 260 | 16,879 |
Analogic Corp. | 130 | 11,570 |
Anthem, Inc. | 6,849 | 856,673 |
Baxter International, Inc. | 8,812 | 411,785 |
Becton Dickinson & Co. | 1,614 | 286,017 |
Boston Scientific Corp. * | 5,798 | 138,108 |
Brookdale Senior Living, Inc. * | 1,544 | 26,572 |
C.R. Bard, Inc. | 699 | 154,367 |
Cardinal Health, Inc. | 5,722 | 455,872 |
Centene Corp. * | 1,623 | 110,835 |
Cerner Corp. * | 884 | 57,053 |
Chemed Corp. | 260 | 35,082 |
Cigna Corp. | 1,217 | 156,092 |
Community Health Systems, Inc. * | 1,912 | 20,420 |
CONMED Corp. | 260 | 10,608 |
Danaher Corp. | 2,700 | 219,807 |
DaVita HealthCare Partners, Inc. * | 1,182 | 76,393 |
DENTSPLY SIRONA, Inc. | 1,139 | 70,003 |
Edwards Lifesciences Corp. * | 586 | 67,484 |
Envision Healthcare Holdings, Inc. * | 1,204 | 25,838 |
Express Scripts Holding Co. * | 8,568 | 622,894 |
Haemonetics Corp. * | 229 | 8,510 |
Halyard Health, Inc. * | 1,220 | 44,469 |
HCA Holdings, Inc. * | 4,710 | 355,840 |
HealthSouth Corp. | 390 | 15,877 |
Henry Schein, Inc. * | 733 | 120,058 |
Hill-Rom Holdings, Inc. | 780 | 46,262 |
Humana, Inc. | 2,085 | 372,610 |
IDEXX Laboratories, Inc. * | 520 | 58,594 |
IMS Health Holdings, Inc. * | 410 | 12,226 |
Intuitive Surgical, Inc. * | 132 | 90,607 |
Invacare Corp. | 702 | 8,333 |
Laboratory Corp. of America Holdings * | 659 | 90,237 |
LifePoint Health, Inc. * | 780 | 44,148 |
Magellan Health, Inc. * | 817 | 46,667 |
Masimo Corp. * | 260 | 15,376 |
McKesson Corp. | 3,032 | 559,768 |
MEDNAX, Inc. * | 520 | 34,200 |
Medtronic plc | 7,211 | 627,573 |
Molina Healthcare, Inc. * | 520 | 27,981 |
Owens & Minor, Inc. | 2,217 | 76,198 |
Patterson Cos., Inc. | 1,170 | 53,820 |
PharMerica Corp. * | 410 | 10,357 |
Quality Systems, Inc. | 530 | 6,238 |
Quest Diagnostics, Inc. | 2,730 | 226,099 |
ResMed, Inc. | 780 | 52,018 |
Security | Number of Shares | Value ($) |
Select Medical Holdings Corp. * | 1,492 | 17,725 |
St. Jude Medical, Inc. | 2,638 | 205,553 |
Stryker Corp. | 1,994 | 230,626 |
Team Health Holdings, Inc. * | 181 | 6,027 |
Teleflex, Inc. | 274 | 50,167 |
Tenet Healthcare Corp. * | 1,725 | 41,228 |
The Cooper Cos., Inc. | 130 | 24,170 |
Triple-S Management Corp., Class B * | 520 | 11,383 |
UnitedHealth Group, Inc. | 10,536 | 1,433,423 |
Universal Health Services, Inc., Class B | 599 | 72,197 |
Varian Medical Systems, Inc. * | 780 | 74,981 |
VCA, Inc. * | 560 | 39,654 |
WellCare Health Plans, Inc. * | 657 | 74,044 |
West Pharmaceutical Services, Inc. | 520 | 42,552 |
Zimmer Biomet Holdings, Inc. | 1,676 | 217,226 |
10,554,747 | ||
Household & Personal Products 2.1% | ||
Avon Products, Inc. | 23,932 | 136,412 |
Church & Dwight Co., Inc. | 827 | 82,220 |
Colgate-Palmolive Co. | 6,905 | 513,318 |
Edgewell Personal Care Co. * | 520 | 41,605 |
Energizer Holdings, Inc. | 189 | 9,340 |
Herbalife Ltd. * | 1,347 | 81,830 |
Kimberly-Clark Corp. | 2,609 | 334,109 |
Nu Skin Enterprises, Inc., Class A | 1,135 | 65,694 |
Spectrum Brands Holdings, Inc. | 130 | 17,446 |
The Clorox Co. | 711 | 93,170 |
The Estee Lauder Cos., Inc., Class A | 1,093 | 97,528 |
The Procter & Gamble Co. | 30,322 | 2,647,414 |
WD-40 Co. | 130 | 15,386 |
4,135,472 | ||
Insurance 3.5% | ||
Aflac, Inc. | 4,376 | 324,612 |
Alleghany Corp. * | 57 | 30,563 |
Allied World Assurance Co. Holdings AG | 1,188 | 48,185 |
Ambac Financial Group, Inc. * | 1,120 | 20,317 |
American Equity Investment Life Holding Co. | 532 | 9,374 |
American Financial Group, Inc. | 1,040 | 78,156 |
American International Group, Inc. | 17,150 | 1,026,084 |
AmTrust Financial Services, Inc. | 316 | 8,371 |
Aon plc | 1,693 | 188,516 |
Arch Capital Group Ltd. * | 1,105 | 89,439 |
Argo Group International Holdings Ltd. | 322 | 18,270 |
Arthur J. Gallagher & Co. | 780 | 38,540 |
Aspen Insurance Holdings Ltd. | 1,040 | 47,798 |
Assurant, Inc. | 1,266 | 113,370 |
Assured Guaranty Ltd. | 1,076 | 29,881 |
Axis Capital Holdings Ltd. | 1,714 | 97,475 |
Brown & Brown, Inc. | 650 | 24,355 |
Chubb Ltd. | 3,814 | 484,111 |
Cincinnati Financial Corp. | 1,318 | 101,631 |
CNA Financial Corp. | 302 | 10,060 |
CNO Financial Group, Inc. | 2,250 | 36,562 |
Employers Holdings, Inc. | 568 | 17,307 |
Endurance Specialty Holdings Ltd. | 610 | 40,168 |
Erie Indemnity Co., Class A | 99 | 10,101 |
Security | Number of Shares | Value ($) |
Everest Re Group Ltd. | 524 | 101,331 |
First American Financial Corp. | 1,170 | 50,415 |
FNF Group | 2,514 | 94,753 |
Genworth Financial, Inc., Class A * | 19,459 | 92,041 |
Horace Mann Educators Corp. | 390 | 14,254 |
Infinity Property & Casualty Corp. | 260 | 21,908 |
Kemper Corp. | 926 | 34,679 |
Lincoln National Corp. | 2,235 | 107,347 |
Loews Corp. | 4,941 | 206,830 |
Maiden Holdings Ltd. | 740 | 10,219 |
Markel Corp. * | 35 | 32,589 |
Marsh & McLennan Cos., Inc. | 3,436 | 232,377 |
MBIA, Inc. * | 2,549 | 20,545 |
Mercury General Corp. | 390 | 21,177 |
MetLife, Inc. | 7,034 | 305,276 |
Old Republic International Corp. | 2,380 | 45,767 |
Primerica, Inc. | 794 | 45,202 |
Principal Financial Group, Inc. | 1,718 | 84,302 |
ProAssurance Corp. | 792 | 43,576 |
Prudential Financial, Inc. | 3,120 | 247,666 |
Reinsurance Group of America, Inc. | 808 | 86,715 |
RenaissanceRe Holdings Ltd. | 651 | 77,925 |
RLI Corp. | 520 | 36,910 |
Safety Insurance Group, Inc. | 130 | 8,639 |
Selective Insurance Group, Inc. | 561 | 22,384 |
Stewart Information Services Corp. | 262 | 11,994 |
The Allstate Corp. | 4,491 | 309,699 |
The Hanover Insurance Group, Inc. | 530 | 41,446 |
The Hartford Financial Services Group, Inc. | 4,597 | 188,799 |
The Progressive Corp. | 7,203 | 234,530 |
The Travelers Cos., Inc. | 7,280 | 864,209 |
Torchmark Corp. | 1,352 | 87,447 |
Unum Group | 3,770 | 134,250 |
Validus Holdings Ltd. | 922 | 46,828 |
W.R. Berkley Corp. | 1,118 | 66,376 |
White Mountains Insurance Group Ltd. | 70 | 57,681 |
XL Group Ltd. | 2,605 | 89,169 |
7,070,501 | ||
Materials 4.2% | ||
A. Schulman, Inc. | 520 | 13,260 |
Air Products & Chemicals, Inc. | 1,448 | 225,338 |
Albemarle Corp. | 1,264 | 101,082 |
Alcoa, Inc. | 18,538 | 186,863 |
Allegheny Technologies, Inc. | 2,906 | 49,576 |
AptarGroup, Inc. | 786 | 61,292 |
Ashland, Inc. | 620 | 72,590 |
Avery Dennison Corp. | 943 | 73,026 |
Axalta Coating Systems Ltd. * | 452 | 12,936 |
Ball Corp. | 2,164 | 171,367 |
Bemis Co., Inc. | 1,300 | 68,380 |
Berry Plastics Group, Inc. * | 353 | 16,023 |
Boise Cascade Co. * | 374 | 9,814 |
Cabot Corp. | 1,047 | 52,203 |
Calgon Carbon Corp. | 341 | 4,945 |
Carpenter Technology Corp. | 850 | 30,838 |
Celanese Corp., Series A | 1,170 | 75,383 |
Century Aluminum Co. * | 1,306 | 8,202 |
CF Industries Holdings, Inc. | 3,916 | 101,816 |
Chemtura Corp. * | 1,040 | 31,190 |
Security | Number of Shares | Value ($) |
Clearwater Paper Corp. * | 450 | 27,932 |
Cliffs Natural Resources, Inc. * | 26,795 | 152,731 |
Commercial Metals Co. | 3,640 | 56,493 |
Compass Minerals International, Inc. | 260 | 19,378 |
Crown Holdings, Inc. * | 780 | 42,299 |
Domtar Corp. | 2,471 | 92,218 |
E.I. du Pont de Nemours & Co. | 7,859 | 546,986 |
Eagle Materials, Inc. | 110 | 8,841 |
Eastman Chemical Co. | 1,564 | 106,180 |
Ecolab, Inc. | 994 | 122,312 |
Ferro Corp. * | 346 | 4,616 |
FMC Corp. | 1,089 | 51,118 |
Freeport-McMoRan, Inc. | 58,364 | 600,566 |
Graphic Packaging Holding Co. | 2,990 | 42,877 |
Greif, Inc., Class A | 683 | 29,116 |
H.B. Fuller Co. | 520 | 24,690 |
Hecla Mining Co. | 4,339 | 24,212 |
Huntsman Corp. | 4,564 | 78,912 |
Innophos Holdings, Inc. | 260 | 10,977 |
Innospec, Inc. | 291 | 17,250 |
International Flavors & Fragrances, Inc. | 520 | 72,062 |
International Paper Co. | 6,605 | 320,276 |
Kaiser Aluminum Corp. | 260 | 22,160 |
KapStone Paper & Packaging Corp. | 492 | 8,615 |
Koppers Holdings, Inc. * | 815 | 26,602 |
Kraton Performance Polymers, Inc. * | 390 | 14,063 |
Louisiana-Pacific Corp. * | 780 | 15,194 |
LyondellBasell Industries N.V., Class A | 6,285 | 495,824 |
Martin Marietta Materials, Inc. | 262 | 47,954 |
Materion Corp. | 260 | 7,628 |
Minerals Technologies, Inc. | 390 | 27,522 |
Monsanto Co. | 4,074 | 433,881 |
Neenah Paper, Inc. | 100 | 8,043 |
NewMarket Corp. | 73 | 31,678 |
Newmont Mining Corp. | 10,259 | 392,304 |
Nucor Corp. | 5,510 | 267,290 |
Olin Corp. | 1,302 | 28,175 |
Owens-Illinois, Inc. * | 2,750 | 49,307 |
P.H. Glatfelter Co. | 650 | 14,411 |
Packaging Corp. of America | 654 | 51,424 |
PolyOne Corp. | 650 | 22,406 |
PPG Industries, Inc. | 2,047 | 216,736 |
Praxair, Inc. | 2,602 | 317,548 |
Quaker Chemical Corp. | 71 | 7,100 |
Reliance Steel & Aluminum Co. | 1,690 | 121,815 |
Royal Gold, Inc. | 176 | 12,904 |
RPM International, Inc. | 1,170 | 63,800 |
Schnitzer Steel Industries, Inc., Class A | 2,212 | 41,541 |
Schweitzer-Mauduit International, Inc. | 260 | 10,213 |
Sealed Air Corp. | 917 | 43,218 |
Sensient Technologies Corp. | 520 | 38,080 |
Silgan Holdings, Inc. | 520 | 25,022 |
Sonoco Products Co. | 1,430 | 73,702 |
Southern Copper Corp. | 2,118 | 54,687 |
Steel Dynamics, Inc. | 4,397 | 108,254 |
Stepan Co. | 455 | 31,968 |
Stillwater Mining Co. * | 782 | 9,892 |
SunCoke Energy, Inc. | 2,547 | 16,606 |
The Chemours Co. | 3,381 | 44,595 |
The Dow Chemical Co. | 12,109 | 649,527 |
The Mosaic Co. | 8,652 | 260,166 |
The Scotts Miracle-Gro Co., Class A | 520 | 43,056 |
Security | Number of Shares | Value ($) |
The Sherwin-Williams Co. | 311 | 88,234 |
The Valspar Corp. | 650 | 68,516 |
Tronox Ltd., Class A | 2,810 | 25,655 |
United States Steel Corp. | 6,387 | 124,163 |
Vulcan Materials Co. | 395 | 44,979 |
W.R. Grace & Co. | 130 | 10,157 |
Westlake Chemical Corp. | 400 | 20,728 |
WestRock Co. | 1,822 | 87,274 |
Worthington Industries, Inc. | 780 | 33,462 |
8,476,245 | ||
Media 2.9% | ||
AMC Networks, Inc., Class A * | 130 | 7,064 |
CBS Corp., Class B Non-Voting Shares | 5,962 | 304,241 |
Charter Communications, Inc., Class A * | 2,062 | 530,367 |
Cinemark Holdings, Inc. | 1,173 | 45,336 |
Comcast Corp., Class A | 17,184 | 1,121,428 |
Discovery Communications, Inc., Class A * | 2,436 | 62,142 |
Discovery Communications, Inc., Class C * | 3,902 | 96,848 |
DISH Network Corp., Class A * | 1,236 | 62,084 |
John Wiley & Sons, Inc., Class A | 390 | 22,671 |
Lions Gate Entertainment Corp. | 260 | 5,450 |
Live Nation Entertainment, Inc. * | 876 | 23,407 |
Meredith Corp. | 418 | 22,171 |
National CineMedia, Inc. | 791 | 11,825 |
News Corp., Class A | 6,051 | 85,077 |
Omnicom Group, Inc. | 2,730 | 235,135 |
Regal Entertainment Group, Class A (b) | 1,300 | 27,794 |
Scholastic Corp. | 780 | 31,403 |
Scripps Networks Interactive, Inc., Class A | 1,069 | 67,743 |
Sinclair Broadcast Group, Inc., Class A | 283 | 8,060 |
Sirius XM Holdings, Inc. * | 8,609 | 35,641 |
Starz, Class A * | 343 | 10,698 |
TEGNA, Inc. | 2,862 | 57,984 |
The Interpublic Group of Cos., Inc. | 3,707 | 85,780 |
The New York Times Co., Class A | 1,489 | 19,268 |
The Walt Disney Co. | 10,283 | 971,332 |
Time Warner, Inc. | 14,225 | 1,115,382 |
Time, Inc. | 3,965 | 55,906 |
Tribune Media Co., Class A | 441 | 16,793 |
Twenty-First Century Fox, Inc., Class A | 9,729 | 238,750 |
Twenty-First Century Fox, Inc., Class B | 3,205 | 79,644 |
Viacom, Inc., Class B | 9,855 | 397,551 |
5,854,975 | ||
Pharmaceuticals, Biotechnology & Life Sciences 5.1% | ||
AbbVie, Inc. | 5,691 | 364,793 |
Agilent Technologies, Inc. | 2,235 | 105,000 |
Alexion Pharmaceuticals, Inc. * | 130 | 16,362 |
Allergan plc * | 164 | 38,465 |
Amgen, Inc. | 5,300 | 901,318 |
Bio-Rad Laboratories, Inc., Class A * | 251 | 37,351 |
Bio-Techne Corp. | 130 | 13,696 |
Biogen, Inc. * | 601 | 183,684 |
Bristol-Myers Squibb Co. | 8,995 | 516,223 |
Bruker Corp. | 423 | 9,458 |
Security | Number of Shares | Value ($) |
Celgene Corp. * | 2,202 | 235,041 |
Charles River Laboratories International, Inc. * | 485 | 40,357 |
Eli Lilly & Co. | 7,381 | 573,873 |
Gilead Sciences, Inc. | 4,433 | 347,459 |
Illumina, Inc. * | 134 | 22,558 |
Impax Laboratories, Inc. * | 390 | 9,434 |
Johnson & Johnson | 19,725 | 2,353,981 |
Mallinckrodt plc * | 328 | 24,449 |
Merck & Co., Inc. | 25,557 | 1,604,724 |
Mettler-Toledo International, Inc. * | 179 | 72,150 |
Mylan N.V. * | 2,315 | 98,063 |
Myriad Genetics, Inc. * | 363 | 7,391 |
PAREXEL International Corp. * | 260 | 17,688 |
PDL BioPharma, Inc. | 7,576 | 22,046 |
PerkinElmer, Inc. | 910 | 48,457 |
Pfizer, Inc. | 63,040 | 2,193,792 |
Prestige Brands Holdings, Inc. * | 185 | 8,904 |
QIAGEN N.V. * | 780 | 20,678 |
Quintiles Transnational Holdings, Inc. * | 359 | 27,751 |
Regeneron Pharmaceuticals, Inc. * | 19 | 7,458 |
Thermo Fisher Scientific, Inc. | 1,478 | 224,937 |
United Therapeutics Corp. * | 130 | 15,896 |
Waters Corp. * | 520 | 81,801 |
Zoetis, Inc. | 1,631 | 83,344 |
10,328,582 | ||
Real Estate 1.9% | ||
Alexandria Real Estate Equities, Inc. | 431 | 47,449 |
Altisource Portfolio Solutions S.A. * | 335 | 10,914 |
American Campus Communities, Inc. | 392 | 19,643 |
American Tower Corp. | 981 | 111,226 |
Apartment Investment & Management Co., Class A | 627 | 28,328 |
AvalonBay Communities, Inc. | 390 | 68,254 |
Boston Properties, Inc. | 662 | 92,766 |
Brandywine Realty Trust | 1,430 | 23,066 |
Brixmor Property Group, Inc. | 555 | 15,851 |
Camden Property Trust | 390 | 34,230 |
CBL & Associates Properties, Inc. | 2,500 | 35,675 |
CBRE Group, Inc., Class A * | 1,170 | 34,971 |
Columbia Property Trust, Inc. | 1,399 | 32,988 |
Corporate Office Properties Trust | 1,046 | 29,832 |
Corrections Corp. of America | 1,977 | 31,494 |
Crown Castle International Corp. | 671 | 63,591 |
CubeSmart | 335 | 9,223 |
DCT Industrial Trust, Inc. | 341 | 16,610 |
DDR Corp. | 1,300 | 24,583 |
DiamondRock Hospitality Co. | 1,300 | 13,767 |
Digital Realty Trust, Inc. | 650 | 64,409 |
Douglas Emmett, Inc. | 520 | 19,531 |
Duke Realty Corp. | 2,080 | 58,490 |
DuPont Fabros Technology, Inc. | 262 | 11,109 |
EastGroup Properties, Inc. | 130 | 9,539 |
EPR Properties | 260 | 20,363 |
Equinix, Inc. | 135 | 49,768 |
Equity Commonwealth * | 1,300 | 40,677 |
Equity LifeStyle Properties, Inc. | 221 | 17,134 |
Equity One, Inc. | 263 | 8,164 |
Equity Residential | 1,378 | 89,391 |
Essex Property Trust, Inc. | 167 | 37,926 |
Security | Number of Shares | Value ($) |
Extra Space Storage, Inc. | 260 | 20,943 |
Federal Realty Investment Trust | 260 | 41,340 |
Franklin Street Properties Corp. | 853 | 10,714 |
General Growth Properties, Inc. | 1,974 | 57,522 |
Government Properties Income Trust | 395 | 9,204 |
Gramercy Property Trust | 1,210 | 11,713 |
HCP, Inc. | 2,879 | 113,231 |
Healthcare Realty Trust, Inc. | 390 | 13,673 |
Healthcare Trust of America, Inc., Class A | 407 | 13,732 |
Highwoods Properties, Inc. | 650 | 34,476 |
Hospitality Properties Trust | 1,560 | 47,564 |
Host Hotels & Resorts, Inc. | 6,654 | 118,574 |
Investors Real Estate Trust | 1,117 | 7,417 |
Iron Mountain, Inc. | 3,962 | 152,180 |
Jones Lang LaSalle, Inc. | 446 | 52,071 |
Kilroy Realty Corp. | 260 | 18,884 |
Kimco Realty Corp. | 2,470 | 74,223 |
Lamar Advertising Co., Class A | 319 | 19,883 |
LaSalle Hotel Properties | 520 | 14,591 |
Lexington Realty Trust | 2,040 | 22,012 |
Liberty Property Trust | 910 | 37,519 |
Life Storage, Inc. | 130 | 11,700 |
Mack-Cali Realty Corp. | 1,430 | 39,697 |
Medical Properties Trust, Inc. | 566 | 8,643 |
Mid-America Apartment Communities, Inc. | 398 | 37,408 |
National Retail Properties, Inc. | 394 | 19,739 |
Omega Healthcare Investors, Inc. | 390 | 14,118 |
Outfront Media, Inc. | 1,268 | 28,302 |
Pennsylvania Real Estate Investment Trust | 520 | 13,047 |
Piedmont Office Realty Trust, Inc., Class A | 1,972 | 42,615 |
Post Properties, Inc. | 246 | 16,305 |
Potlatch Corp. | 520 | 19,692 |
Prologis, Inc. | 1,777 | 94,376 |
PS Business Parks, Inc. | 130 | 14,401 |
Public Storage | 432 | 96,742 |
Rayonier, Inc. | 1,710 | 47,076 |
Realogy Holdings Corp. | 1,071 | 28,746 |
Realty Income Corp. | 705 | 46,340 |
Regency Centers Corp. | 367 | 29,558 |
Retail Properties of America, Inc., Class A | 1,893 | 32,181 |
RLJ Lodging Trust | 704 | 16,431 |
Ryman Hospitality Properties, Inc. | 260 | 14,030 |
Sabra Health Care REIT, Inc. | 650 | 16,562 |
Senior Housing Properties Trust | 2,067 | 46,177 |
Simon Property Group, Inc. | 1,151 | 248,006 |
SL Green Realty Corp. | 260 | 30,607 |
Spirit Realty Capital, Inc. | 1,161 | 15,383 |
Sun Communities, Inc. | 130 | 9,948 |
Sunstone Hotel Investors, Inc. | 945 | 13,126 |
Tanger Factory Outlet Centers, Inc. | 260 | 10,566 |
Taubman Centers, Inc. | 260 | 20,194 |
The Geo Group, Inc. | 1,202 | 24,088 |
The Macerich Co. | 520 | 42,583 |
UDR, Inc. | 1,059 | 38,315 |
Ventas, Inc. | 1,781 | 129,425 |
Vornado Realty Trust | 1,041 | 107,546 |
Security | Number of Shares | Value ($) |
Washington Real Estate Investment Trust | 390 | 12,675 |
Weingarten Realty Investors | 780 | 32,175 |
Welltower, Inc. | 1,244 | 95,477 |
Weyerhaeuser Co. | 8,238 | 262,380 |
WP Carey, Inc. | 260 | 17,329 |
3,906,137 | ||
Retailing 4.7% | ||
Aaron's, Inc. | 1,690 | 41,168 |
Abercrombie & Fitch Co., Class A | 3,387 | 60,085 |
Advance Auto Parts, Inc. | 442 | 69,562 |
Amazon.com, Inc. * | 428 | 329,200 |
American Eagle Outfitters, Inc. | 5,200 | 96,408 |
Asbury Automotive Group, Inc. * | 268 | 14,397 |
Ascena Retail Group, Inc. * | 3,000 | 24,420 |
AutoNation, Inc. * | 1,062 | 50,286 |
AutoZone, Inc. * | 101 | 74,922 |
Barnes & Noble, Inc. | 2,170 | 24,868 |
Bed Bath & Beyond, Inc. | 5,075 | 235,328 |
Best Buy Co., Inc. | 8,453 | 325,271 |
Big Lots, Inc. | 1,839 | 90,699 |
Burlington Stores, Inc. * | 674 | 54,742 |
Cabela's, Inc. * | 334 | 16,363 |
Caleres, Inc. | 910 | 23,605 |
CarMax, Inc. * | 1,300 | 76,635 |
Chico's FAS, Inc. | 2,692 | 34,135 |
Core-Mark Holding Co., Inc. | 2,032 | 77,521 |
CST Brands, Inc. | 2,672 | 127,748 |
Dick's Sporting Goods, Inc. | 1,196 | 70,086 |
Dillard's, Inc., Class A | 837 | 50,421 |
Dollar General Corp. | 2,850 | 209,218 |
Dollar Tree, Inc. * | 1,987 | 164,325 |
DSW, Inc., Class A | 910 | 21,795 |
Expedia, Inc. | 460 | 50,195 |
Express, Inc. * | 1,430 | 16,917 |
Five Below, Inc. * | 183 | 8,154 |
Foot Locker, Inc. | 1,493 | 98,001 |
Fred's, Inc., Class A | 1,300 | 14,703 |
GameStop Corp., Class A | 3,751 | 106,491 |
Genesco, Inc. * | 669 | 48,596 |
Genuine Parts Co. | 1,951 | 200,602 |
GNC Holdings, Inc., Class A | 1,089 | 22,902 |
Group 1 Automotive, Inc. | 520 | 30,857 |
Guess?, Inc. | 2,211 | 36,769 |
Hibbett Sports, Inc. * | 377 | 14,465 |
HSN, Inc. | 260 | 10,863 |
J.C. Penney Co., Inc. * | 10,220 | 96,375 |
Kohl's Corp. | 8,311 | 368,842 |
L Brands, Inc. | 1,720 | 131,081 |
Lands' End, Inc. * | 522 | 9,187 |
Liberty Interactive Corp. QVC Group, Class A * | 4,847 | 102,417 |
Liberty TripAdvisor Holdings, Inc., Class A * | 434 | 9,032 |
Lithia Motors, Inc., Class A | 158 | 13,078 |
LKQ Corp. * | 1,245 | 44,932 |
Lowe's Cos., Inc. | 11,812 | 904,327 |
Lumber Liquidators Holdings, Inc. *(b) | 783 | 12,340 |
Macy's, Inc. | 6,598 | 238,716 |
Monro Muffler Brake, Inc. | 130 | 7,333 |
Security | Number of Shares | Value ($) |
Murphy USA, Inc. * | 2,128 | 155,599 |
Netflix, Inc. * | 302 | 29,430 |
Nordstrom, Inc. (b) | 2,615 | 131,953 |
Nutrisystem, Inc. | 365 | 10,519 |
O'Reilly Automotive, Inc. * | 536 | 150,053 |
Office Depot, Inc. | 10,000 | 36,800 |
Outerwall, Inc. | 681 | 35,385 |
Penske Automotive Group, Inc. | 650 | 29,445 |
Pool Corp. | 260 | 26,226 |
Rent-A-Center, Inc. | 1,096 | 13,393 |
Ross Stores, Inc. | 2,673 | 166,368 |
Sally Beauty Holdings, Inc. * | 1,196 | 32,555 |
Select Comfort Corp. * | 260 | 6,825 |
Shutterfly, Inc. * | 177 | 8,889 |
Signet Jewelers Ltd. | 585 | 47,958 |
Sonic Automotive, Inc., Class A | 910 | 15,506 |
Staples, Inc. | 32,571 | 278,808 |
Target Corp. | 11,677 | 819,609 |
The Buckle, Inc. | 547 | 14,096 |
The Cato Corp., Class A | 390 | 13,369 |
The Children's Place, Inc. | 526 | 42,816 |
The Finish Line, Inc., Class A | 780 | 18,775 |
The Gap, Inc. | 7,973 | 198,289 |
The Home Depot, Inc. | 10,369 | 1,390,690 |
The Michaels Cos., Inc. * | 322 | 7,715 |
The Priceline Group, Inc. * | 97 | 137,423 |
The TJX Cos., Inc. | 6,062 | 469,441 |
Tiffany & Co. | 664 | 47,390 |
Tractor Supply Co. | 910 | 76,394 |
TripAdvisor, Inc. * | 130 | 7,930 |
Tuesday Morning Corp. * | 782 | 5,216 |
Ulta Salon, Cosmetics & Fragrance, Inc. * | 165 | 40,790 |
Urban Outfitters, Inc. * | 1,373 | 49,222 |
Vitamin Shoppe, Inc. * | 269 | 7,457 |
Williams-Sonoma, Inc. | 940 | 49,482 |
9,532,199 | ||
Semiconductors & Semiconductor Equipment 2.9% | ||
Advanced Micro Devices, Inc. * | 10,822 | 80,083 |
Amkor Technology, Inc. * | 1,408 | 12,813 |
Analog Devices, Inc. | 1,643 | 102,786 |
Applied Materials, Inc. | 11,675 | 348,382 |
Broadcom Ltd. | 876 | 154,544 |
Brooks Automation, Inc. | 1,040 | 13,114 |
Cabot Microelectronics Corp. | 357 | 17,750 |
Cirrus Logic, Inc. * | 420 | 21,315 |
Cree, Inc. * | 676 | 16,231 |
Cypress Semiconductor Corp. | 1,866 | 22,261 |
Diodes, Inc. * | 390 | 8,030 |
Entegris, Inc. * | 1,300 | 22,152 |
Fairchild Semiconductor International, Inc. * | 1,765 | 35,124 |
First Solar, Inc. * | 661 | 24,999 |
Integrated Device Technology, Inc. * | 373 | 7,494 |
Intel Corp. | 66,353 | 2,381,409 |
Intersil Corp., Class A | 1,959 | 38,671 |
KLA-Tencor Corp. | 1,466 | 101,535 |
Lam Research Corp. | 946 | 88,281 |
Linear Technology Corp. | 1,300 | 75,712 |
Marvell Technology Group Ltd. | 10,833 | 134,329 |
Security | Number of Shares | Value ($) |
Maxim Integrated Products, Inc. | 2,600 | 105,872 |
Microchip Technology, Inc. | 1,527 | 94,537 |
Micron Technology, Inc. * | 11,434 | 188,547 |
Microsemi Corp. * | 346 | 13,826 |
MKS Instruments, Inc. | 520 | 25,345 |
NVIDIA Corp. | 2,638 | 161,815 |
ON Semiconductor Corp. * | 3,380 | 36,504 |
Photronics, Inc. * | 1,040 | 9,942 |
Qorvo, Inc. * | 200 | 11,486 |
QUALCOMM, Inc. | 11,787 | 743,406 |
Silicon Laboratories, Inc. * | 390 | 22,347 |
Skyworks Solutions, Inc. | 462 | 34,585 |
Synaptics, Inc. * | 188 | 10,710 |
Teradyne, Inc. | 1,300 | 27,378 |
Texas Instruments, Inc. | 9,058 | 629,893 |
Veeco Instruments, Inc. * | 807 | 15,874 |
Xilinx, Inc. | 1,602 | 86,844 |
5,925,926 | ||
Software & Services 7.1% | ||
Accenture plc, Class A | 4,240 | 487,600 |
ACI Worldwide, Inc. * | 396 | 7,564 |
Activision Blizzard, Inc. | 5,028 | 208,008 |
Acxiom Corp. * | 1,040 | 27,030 |
Adobe Systems, Inc. * | 1,283 | 131,264 |
Akamai Technologies, Inc. * | 658 | 36,124 |
Alliance Data Systems Corp. * | 231 | 47,258 |
Alphabet, Inc., Class A * | 628 | 496,026 |
Alphabet, Inc., Class C * | 645 | 494,747 |
Amdocs Ltd. | 1,820 | 109,418 |
ANSYS, Inc. * | 291 | 27,671 |
Autodesk, Inc. * | 1,040 | 70,096 |
Automatic Data Processing, Inc. | 2,571 | 230,902 |
Booz Allen Hamilton Holding Corp. | 1,496 | 45,419 |
Broadridge Financial Solutions, Inc. | 910 | 63,063 |
CA, Inc. | 3,955 | 134,114 |
CACI International, Inc., Class A * | 526 | 52,263 |
Cadence Design Systems, Inc. * | 650 | 16,536 |
Cardtronics plc, Class A * | 324 | 14,551 |
CDK Global, Inc. | 208 | 12,060 |
Cimpress N.V. * | 260 | 25,810 |
Citrix Systems, Inc. * | 934 | 81,445 |
Cognizant Technology Solutions Corp., Class A * | 2,168 | 124,530 |
Computer Sciences Corp. | 2,835 | 133,358 |
Convergys Corp. | 1,950 | 58,168 |
CoreLogic, Inc. * | 1,334 | 54,721 |
CSG Systems International, Inc. | 185 | 8,088 |
CSRA, Inc. | 763 | 19,373 |
DST Systems, Inc. | 337 | 40,949 |
EarthLink Holdings Corp. | 2,643 | 16,836 |
eBay, Inc. * | 8,903 | 286,320 |
Electronic Arts, Inc. * | 620 | 50,363 |
Euronet Worldwide, Inc. * | 262 | 20,334 |
Facebook, Inc., Class A * | 916 | 115,526 |
Fair Isaac Corp. | 224 | 28,659 |
Fidelity National Information Services, Inc. | 2,600 | 206,258 |
First Data Corp., Class A * | 1,099 | 15,298 |
Fiserv, Inc. * | 1,379 | 142,106 |
FleetCor Technologies, Inc. * | 67 | 11,001 |
Security | Number of Shares | Value ($) |
Gartner, Inc. * | 260 | 23,660 |
Genpact Ltd. * | 914 | 21,625 |
Global Payments, Inc. | 951 | 72,228 |
IAC/InterActiveCorp | 1,262 | 74,092 |
International Business Machines Corp. | 17,395 | 2,763,718 |
Intuit, Inc. | 1,582 | 176,314 |
j2 Global, Inc. | 260 | 17,724 |
Jack Henry & Associates, Inc. | 390 | 34,035 |
Leidos Holdings, Inc. | 1,801 | 72,959 |
LinkedIn Corp., Class A * | 103 | 19,853 |
Manhattan Associates, Inc. * | 130 | 7,868 |
ManTech International Corp., Class A | 1,048 | 41,962 |
MasterCard, Inc., Class A | 2,898 | 280,034 |
MAXIMUS, Inc. | 390 | 22,940 |
Mentor Graphics Corp. | 377 | 9,052 |
Microsoft Corp. | 59,342 | 3,409,791 |
Monster Worldwide, Inc. * | 2,364 | 8,652 |
NeuStar, Inc., Class A * | 1,431 | 36,362 |
Nuance Communications, Inc. * | 916 | 13,355 |
Oracle Corp. | 28,686 | 1,182,437 |
Paychex, Inc. | 1,665 | 101,016 |
PayPal Holdings, Inc. * | 637 | 23,665 |
Progress Software Corp. * | 390 | 11,314 |
PTC, Inc. * | 251 | 10,710 |
Rackspace Hosting, Inc. * | 1,060 | 33,337 |
Red Hat, Inc. * | 288 | 21,018 |
Rovi Corp. * | 1,103 | 22,578 |
salesforce.com, Inc. * | 260 | 20,649 |
Science Applications International Corp. | 788 | 50,282 |
SS&C Technologies Holdings, Inc. | 358 | 11,796 |
Sykes Enterprises, Inc. * | 650 | 19,000 |
Symantec Corp. | 9,255 | 223,323 |
Synopsys, Inc. * | 785 | 46,543 |
Take-Two Interactive Software, Inc. * | 650 | 28,256 |
Teradata Corp. * | 2,307 | 73,201 |
The Western Union Co. | 7,562 | 162,734 |
Total System Services, Inc. | 901 | 44,374 |
Travelport Worldwide Ltd. | 1,026 | 14,087 |
Unisys Corp. * | 978 | 9,878 |
Vantiv, Inc., Class A * | 263 | 14,134 |
Verint Systems, Inc. * | 228 | 7,779 |
VeriSign, Inc. * | 464 | 34,545 |
Visa, Inc., Class A | 5,646 | 456,761 |
VMware, Inc., Class A * | 204 | 14,959 |
WebMD Health Corp. * | 296 | 15,265 |
WEX, Inc. * | 79 | 7,845 |
Xerox Corp. | 24,337 | 239,719 |
Yahoo! Inc. * | 3,287 | 140,519 |
Zynga, Inc., Class A * | 3,227 | 8,810 |
14,307,615 | ||
Technology Hardware & Equipment 5.0% | ||
ADTRAN, Inc. | 780 | 14,336 |
Amphenol Corp., Class A | 1,562 | 97,328 |
Anixter International, Inc. * | 915 | 58,505 |
Apple, Inc. | 31,525 | 3,344,802 |
Arrow Electronics, Inc. * | 2,600 | 171,158 |
Avnet, Inc. | 3,939 | 164,178 |
AVX Corp. | 895 | 12,297 |
Belden, Inc. | 390 | 29,090 |
Security | Number of Shares | Value ($) |
Benchmark Electronics, Inc. * | 1,560 | 37,627 |
Brocade Communications Systems, Inc. | 3,510 | 31,520 |
CDW Corp. | 808 | 36,077 |
Cisco Systems, Inc. | 48,136 | 1,513,396 |
Cognex Corp. | 260 | 12,938 |
Coherent, Inc. * | 260 | 27,347 |
CommScope Holding Co., Inc. * | 372 | 11,000 |
Corning, Inc. | 14,991 | 340,146 |
Diebold, Inc. | 910 | 25,535 |
Dolby Laboratories, Inc., Class A | 685 | 33,524 |
EchoStar Corp., Class A * | 390 | 15,116 |
Electronics For Imaging, Inc. * | 199 | 9,369 |
EMC Corp. | 17,596 | 510,108 |
F5 Networks, Inc. * | 460 | 56,456 |
Fabrinet * | 399 | 15,489 |
FEI Co. | 130 | 13,841 |
Finisar Corp. * | 520 | 11,014 |
FLIR Systems, Inc. | 1,332 | 41,066 |
Harmonic, Inc. * | 2,216 | 9,617 |
Harris Corp. | 1,545 | 143,654 |
Hewlett Packard Enterprise Co. | 8,124 | 174,504 |
HP, Inc. | 85,506 | 1,228,721 |
II-VI, Inc. * | 638 | 13,519 |
Ingram Micro, Inc., Class A | 6,483 | 226,646 |
Insight Enterprises, Inc. * | 1,170 | 35,802 |
InterDigital, Inc. | 260 | 18,567 |
IPG Photonics Corp. * | 134 | 11,655 |
Itron, Inc. * | 544 | 25,911 |
Jabil Circuit, Inc. | 4,551 | 96,436 |
Juniper Networks, Inc. | 4,113 | 94,928 |
Keysight Technologies, Inc. * | 1,450 | 44,123 |
Knowles Corp. * | 1,520 | 21,128 |
Lexmark International, Inc., Class A | 1,804 | 64,601 |
Littelfuse, Inc. | 130 | 16,484 |
Methode Electronics, Inc. | 278 | 10,189 |
Motorola Solutions, Inc. | 2,950 | 227,120 |
MTS Systems Corp. | 130 | 6,467 |
National Instruments Corp. | 520 | 14,529 |
NCR Corp. * | 1,463 | 49,523 |
NetApp, Inc. | 4,422 | 152,957 |
NETGEAR, Inc. * | 652 | 37,164 |
Plantronics, Inc. | 260 | 13,169 |
Plexus Corp. * | 650 | 29,997 |
Polycom, Inc. * | 2,454 | 30,528 |
Rofin-Sinar Technologies, Inc. * | 351 | 11,236 |
Sanmina Corp. * | 1,710 | 44,939 |
ScanSource, Inc. * | 520 | 17,789 |
Super Micro Computer, Inc. * | 315 | 6,813 |
SYNNEX Corp. | 662 | 70,285 |
Tech Data Corp. * | 1,962 | 145,659 |
Trimble Navigation Ltd. * | 999 | 27,373 |
TTM Technologies, Inc. * | 1,070 | 11,481 |
ViaSat, Inc. * | 130 | 9,755 |
Viavi Solutions, Inc. * | 2,080 | 16,182 |
Vishay Intertechnology, Inc. | 4,110 | 58,198 |
Western Digital Corp. | 4,087 | 190,740 |
Zebra Technologies Corp., Class A * | 391 | 27,354 |
10,069,006 |
Security | Number of Shares | Value ($) |
Telecommunication Services 3.7% | ||
AT&T, Inc. | 103,791 | 4,242,976 |
CenturyLink, Inc. | 15,353 | 426,813 |
Cincinnati Bell, Inc. * | 7,175 | 29,992 |
Consolidated Communications Holdings, Inc. | 520 | 12,506 |
Frontier Communications Corp. | 27,231 | 125,263 |
Inteliquent, Inc. | 413 | 6,872 |
Iridium Communications, Inc. * | 926 | 7,714 |
Level 3 Communications, Inc. * | 916 | 45,461 |
SBA Communications Corp., Class A * | 260 | 29,679 |
T-Mobile US, Inc. * | 944 | 43,745 |
Telephone & Data Systems, Inc. | 3,135 | 87,373 |
Verizon Communications, Inc. | 44,683 | 2,338,261 |
Vonage Holdings Corp. * | 3,069 | 17,831 |
Windstream Holdings, Inc. | 6,138 | 52,234 |
Zayo Group Holdings, Inc. * | 436 | 12,648 |
7,479,368 | ||
Transportation 2.0% | ||
Alaska Air Group, Inc. | 529 | 35,723 |
Allegiant Travel Co. | 66 | 9,124 |
AMERCO | 26 | 8,936 |
American Airlines Group, Inc. | 406 | 14,738 |
Atlas Air Worldwide Holdings, Inc. * | 399 | 14,819 |
Avis Budget Group, Inc. * | 2,745 | 99,177 |
C.H. Robinson Worldwide, Inc. | 2,358 | 163,692 |
Copa Holdings S.A., Class A | 772 | 59,004 |
CSX Corp. | 14,180 | 401,010 |
Delta Air Lines, Inc. | 928 | 34,104 |
Expeditors International of Washington, Inc. | 2,295 | 116,242 |
FedEx Corp. | 3,942 | 650,154 |
Forward Air Corp. | 260 | 11,981 |
Genesee & Wyoming, Inc., Class A * | 130 | 8,839 |
Hawaiian Holdings, Inc. * | 415 | 19,497 |
Heartland Express, Inc. | 650 | 12,369 |
Hertz Global Holdings, Inc. * | 2,334 | 114,973 |
Hub Group, Inc., Class A * | 520 | 21,190 |
J.B. Hunt Transport Services, Inc. | 650 | 51,603 |
JetBlue Airways Corp. * | 1,996 | 31,836 |
Kansas City Southern | 665 | 64,319 |
Kirby Corp. * | 451 | 23,497 |
Knight Transportation, Inc. | 650 | 18,265 |
Landstar System, Inc. | 520 | 36,000 |
Macquarie Infrastructure Corp. | 406 | 32,456 |
Marten Transport Ltd. | 408 | 8,801 |
Matson, Inc. | 289 | 11,152 |
Norfolk Southern Corp. | 3,309 | 310,715 |
Old Dominion Freight Line, Inc. * | 199 | 14,155 |
Ryder System, Inc. | 1,060 | 69,451 |
Saia, Inc. * | 185 | 5,630 |
SkyWest, Inc. | 2,352 | 66,397 |
Southwest Airlines Co. | 854 | 31,495 |
Swift Transportation Co. * | 780 | 14,516 |
Union Pacific Corp. | 8,325 | 795,287 |
United Continental Holdings, Inc. * | 685 | 34,531 |
United Parcel Service, Inc., Class B | 4,968 | 542,605 |
Werner Enterprises, Inc. | 910 | 21,003 |
3,979,286 |
Security | Number of Shares | Value ($) |
Utilities 4.2% | ||
AES Corp. | 17,163 | 207,157 |
ALLETE, Inc. | 390 | 23,127 |
Alliant Energy Corp. | 2,656 | 100,795 |
Ameren Corp. | 3,335 | 164,816 |
American Electric Power Co., Inc. | 5,832 | 376,572 |
American States Water Co. | 260 | 10,135 |
American Water Works Co., Inc. | 1,330 | 98,407 |
Aqua America, Inc. | 781 | 23,750 |
Atmos Energy Corp. | 1,156 | 85,197 |
Avista Corp. | 780 | 31,684 |
Black Hills Corp. | 390 | 22,819 |
California Water Service Group | 390 | 11,891 |
Calpine Corp. * | 5,490 | 68,515 |
CenterPoint Energy, Inc. | 7,688 | 172,749 |
CMS Energy Corp. | 2,483 | 104,212 |
Consolidated Edison, Inc. | 3,988 | 300,097 |
Dominion Resources, Inc. | 5,405 | 400,835 |
DTE Energy Co. | 1,941 | 180,319 |
Duke Energy Corp. | 6,972 | 555,390 |
Dynegy, Inc. * | 1,635 | 20,715 |
Edison International | 3,647 | 265,210 |
El Paso Electric Co. | 390 | 17,819 |
Entergy Corp. | 3,958 | 309,516 |
Eversource Energy | 2,289 | 123,537 |
Exelon Corp. | 17,050 | 579,700 |
FirstEnergy Corp. | 9,051 | 296,239 |
Great Plains Energy, Inc. | 1,961 | 53,261 |
Hawaiian Electric Industries, Inc. | 1,345 | 40,363 |
IDACORP, Inc. | 390 | 29,667 |
ITC Holdings Corp. | 783 | 35,407 |
MDU Resources Group, Inc. | 3,282 | 77,357 |
MGE Energy, Inc. | 262 | 14,394 |
National Fuel Gas Co. | 966 | 55,120 |
New Jersey Resources Corp. | 1,040 | 34,986 |
NextEra Energy, Inc. | 3,316 | 401,037 |
NiSource, Inc. | 4,618 | 110,555 |
Northwest Natural Gas Co. | 390 | 23,295 |
NorthWestern Corp. | 390 | 22,550 |
NRG Energy, Inc. | 8,371 | 101,373 |
OGE Energy Corp. | 2,546 | 79,257 |
ONE Gas, Inc. | 250 | 15,308 |
Otter Tail Corp. | 278 | 9,519 |
PG&E Corp. | 5,278 | 326,919 |
Piedmont Natural Gas Co., Inc. | 780 | 46,878 |
Pinnacle West Capital Corp. | 1,430 | 107,307 |
PNM Resources, Inc. | 1,040 | 33,062 |
Portland General Electric Co. | 1,054 | 44,384 |
PPL Corp. | 7,558 | 262,867 |
Public Service Enterprise Group, Inc. | 6,846 | 292,735 |
Questar Corp. | 1,387 | 34,689 |
SCANA Corp. | 1,690 | 119,398 |
Sempra Energy | 1,999 | 209,155 |
South Jersey Industries, Inc. | 302 | 8,963 |
Southwest Gas Corp. | 520 | 36,306 |
Spire, Inc. | 390 | 25,233 |
The Empire District Electric Co. | 520 | 17,586 |
The Southern Co. | 10,623 | 545,279 |
UGI Corp. | 2,158 | 98,146 |
Vectren Corp. | 1,040 | 50,866 |
WEC Energy Group, Inc. | 2,311 | 138,383 |
Security | Number of Shares | Value ($) |
Westar Energy, Inc. | 1,735 | 95,321 |
WGL Holdings, Inc. | 754 | 47,381 |
Xcel Energy, Inc. | 5,163 | 213,542 |
8,409,052 | ||
Total Common Stock | ||
(Cost $190,432,272) | 200,601,950 | |
Rights 0.0% of net assets | ||
Telecommunication Services 0.0% | ||
Leap Wireless CVR *(d)(e) | 735 | 2,205 |
Total Rights | ||
(Cost $1,852) | 2,205 | |
Other Investment Companies 0.2% of net assets | ||
Money Market Fund 0.1% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.26% (c) | 96,467 | 96,467 |
Securities Lending Collateral 0.1% | ||
Wells Fargo Government Money Market Fund, Select Class 0.32% (c) | 230,050 | 230,050 |
Total Other Investment Companies | ||
(Cost $326,517) | 326,517 |
* | Non-income producing security. |
(a) | Issuer is affiliated with the fund's investment adviser. |
(b) | All or a portion of this security is on loan. Securities on loan were valued at $216,093. |
(c) | The rate shown is the 7-day yield. |
(d) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. |
(e) | Illiquid security. At the period end, the value of these amounted to $2,205 or 0.0% of net assets. |
CVR — | Contingent Value Rights |
REIT — | Real Estate Investment Trust |
Number of Contracts | Contract Value ($) | Unrealized Appreciation ($) | ||||
Futures Contracts | ||||||
S&P 500 Index, e-mini, Long, expires 09/16/16 | 4 | 433,900 | 2,305 |
Holdings by Category | Cost ($) | Value ($) | |
99.6% | Common Stock | 1,387,666,205 | 1,440,924,284 |
0.3% | Other Investment Companies | 4,042,234 | 4,042,234 |
99.9% | Total Investments | 1,391,708,439 | 1,444,966,518 |
0.1% | Other Assets and Liabilities, Net | 858,374 | |
100.0% | Net Assets | 1,445,824,892 |
Security | Number of Shares | Value ($) |
Common Stock 99.6% of net assets | ||
Automobiles & Components 1.3% | ||
BorgWarner, Inc. | 21,710 | 746,607 |
Dana, Inc. | 28,226 | 407,019 |
Delphi Automotive plc | 14,360 | 1,014,678 |
Ford Motor Co. | 424,245 | 5,345,487 |
General Motors Co. | 162,695 | 5,193,224 |
Harley-Davidson, Inc. | 16,975 | 894,582 |
Johnson Controls, Inc. | 67,011 | 2,940,443 |
Lear Corp. | 8,451 | 982,767 |
The Goodyear Tire & Rubber Co. | 15,969 | 468,690 |
Thor Industries, Inc. | 5,029 | 408,103 |
Visteon Corp. | 5,615 | 396,981 |
18,798,581 | ||
Banks 4.8% | ||
Bank of America Corp. | 624,783 | 10,083,998 |
BB&T Corp. | 51,336 | 1,976,436 |
CIT Group, Inc. | 20,590 | 759,359 |
Citigroup, Inc. | 218,593 | 10,435,630 |
Citizens Financial Group, Inc. | 20,689 | 512,467 |
Comerica, Inc. | 11,369 | 537,640 |
Fifth Third Bancorp | 64,593 | 1,302,195 |
Huntington Bancshares, Inc. | 39,432 | 394,714 |
JPMorgan Chase & Co. | 268,545 | 18,126,787 |
KeyCorp | 65,432 | 821,826 |
M&T Bank Corp. | 7,233 | 855,881 |
New York Community Bancorp, Inc. | 39,144 | 591,466 |
People's United Financial, Inc. | 24,405 | 396,581 |
PHH Corp. * | 34,835 | 532,975 |
Regions Financial Corp. | 96,981 | 966,901 |
SunTrust Banks, Inc. | 30,289 | 1,334,836 |
The PNC Financial Services Group, Inc. | 31,633 | 2,850,133 |
Security | Number of Shares | Value ($) |
U.S. Bancorp | 90,721 | 4,005,332 |
Wells Fargo & Co. | 269,641 | 13,697,763 |
70,182,920 | ||
Capital Goods 8.0% | ||
3M Co. | 39,510 | 7,081,772 |
AECOM * | 18,093 | 557,807 |
AGCO Corp. | 13,387 | 649,805 |
AMETEK, Inc. | 8,415 | 410,231 |
Armstrong World Industries, Inc. * | 10,544 | 458,348 |
Carlisle Cos., Inc. | 3,758 | 394,064 |
Caterpillar, Inc. | 70,037 | 5,739,532 |
Chicago Bridge & Iron Co. N.V. | 7,995 | 238,091 |
Cummins, Inc. | 19,929 | 2,503,282 |
Deere & Co. | 45,572 | 3,853,113 |
Dover Corp. | 16,594 | 1,203,065 |
Eaton Corp. plc | 34,172 | 2,273,805 |
EMCOR Group, Inc. | 8,397 | 480,812 |
Emerson Electric Co. | 80,831 | 4,258,177 |
Fastenal Co. | 17,726 | 764,168 |
Flowserve Corp. | 18,132 | 877,045 |
Fluor Corp. | 39,070 | 2,027,733 |
Fortive Corp. | 10,680 | 562,516 |
Fortune Brands Home & Security, Inc. | 5,177 | 329,050 |
General Dynamics Corp. | 23,658 | 3,601,221 |
General Electric Co. | 592,291 | 18,503,171 |
Herc Holdings, Inc. * | 5,802 | 196,166 |
Honeywell International, Inc. | 37,459 | 4,371,840 |
Hubbell, Inc. | 4,232 | 458,368 |
Huntington Ingalls Industries, Inc. | 2,106 | 347,848 |
IDEX Corp. | 3,144 | 293,775 |
Illinois Tool Works, Inc. | 28,807 | 3,423,712 |
Ingersoll-Rand plc | 22,598 | 1,536,438 |
Jacobs Engineering Group, Inc. * | 22,071 | 1,162,921 |
Joy Global, Inc. | 39,182 | 1,068,885 |
KBR, Inc. | 43,912 | 644,628 |
L-3 Communications Holdings, Inc. | 15,377 | 2,288,405 |
Lincoln Electric Holdings, Inc. | 6,750 | 429,030 |
Lockheed Martin Corp. | 17,306 | 4,204,839 |
Northrop Grumman Corp. | 20,620 | 4,372,883 |
NOW, Inc. * | 20,695 | 427,145 |
Oshkosh Corp. | 13,964 | 753,079 |
Owens Corning | 12,671 | 695,891 |
PACCAR, Inc. | 28,894 | 1,729,017 |
Parker-Hannifin Corp. | 13,988 | 1,713,950 |
Pentair plc | 12,570 | 805,108 |
Quanta Services, Inc. * | 25,717 | 661,698 |
Raytheon Co. | 28,528 | 3,997,629 |
Rockwell Automation, Inc. | 6,581 | 762,935 |
Rockwell Collins, Inc. | 9,643 | 807,023 |
Roper Technologies, Inc. | 2,799 | 496,962 |
Snap-on, Inc. | 2,799 | 429,059 |
Stanley Black & Decker, Inc. | 10,278 | 1,271,902 |
Terex Corp. | 14,503 | 352,133 |
Textron, Inc. | 19,957 | 815,243 |
The Boeing Co. | 34,080 | 4,411,656 |
The Timken Co. | 10,615 | 359,530 |
TransDigm Group, Inc. * | 2,492 | 710,693 |
Trinity Industries, Inc. | 19,795 | 483,394 |
Triumph Group, Inc. | 8,570 | 273,040 |
Security | Number of Shares | Value ($) |
United Rentals, Inc. * | 7,781 | 640,454 |
United Technologies Corp. | 75,990 | 8,087,616 |
Valmont Industries, Inc. | 2,412 | 314,694 |
W.W. Grainger, Inc. | 5,823 | 1,343,133 |
WABCO Holdings, Inc. * | 2,640 | 281,846 |
WESCO International, Inc. * | 6,848 | 425,672 |
Xylem, Inc. | 11,196 | 569,429 |
115,186,477 | ||
Commercial & Professional Services 0.7% | ||
Cintas Corp. | 6,528 | 767,105 |
Equifax, Inc. | 3,367 | 444,107 |
ManpowerGroup, Inc. | 12,359 | 883,174 |
Nielsen Holdings plc | 11,558 | 615,810 |
Pitney Bowes, Inc. | 31,698 | 594,655 |
R.R. Donnelley & Sons Co. | 34,759 | 594,379 |
Republic Services, Inc. | 23,287 | 1,176,459 |
Robert Half International, Inc. | 11,224 | 430,216 |
The Dun & Bradstreet Corp. | 3,735 | 514,123 |
Tyco International plc | 26,171 | 1,143,149 |
Verisk Analytics, Inc. * | 4,680 | 388,674 |
Waste Management, Inc. | 36,457 | 2,331,061 |
9,882,912 | ||
Consumer Durables & Apparel 1.2% | ||
Coach, Inc. | 41,936 | 1,601,116 |
D.R. Horton, Inc. | 9,020 | 289,181 |
Fossil Group, Inc. * | 11,584 | 330,839 |
Garmin Ltd. | 12,128 | 595,242 |
Hanesbrands, Inc. | 10,090 | 267,789 |
Harman International Industries, Inc. | 3,496 | 296,076 |
Hasbro, Inc. | 8,115 | 663,320 |
Leggett & Platt, Inc. | 11,449 | 600,844 |
Mattel, Inc. | 45,231 | 1,498,503 |
Michael Kors Holdings Ltd. * | 6,763 | 331,049 |
Mohawk Industries, Inc. * | 2,963 | 630,467 |
Newell Brands, Inc. | 17,264 | 916,373 |
NIKE, Inc., Class B | 59,607 | 3,435,748 |
NVR, Inc. * | 321 | 541,463 |
Polaris Industries, Inc. (b) | 3,886 | 336,683 |
PulteGroup, Inc. | 15,474 | 330,679 |
PVH Corp. | 4,829 | 520,373 |
Ralph Lauren Corp. | 8,078 | 837,042 |
Tupperware Brands Corp. | 7,006 | 459,103 |
VF Corp. | 17,838 | 1,106,848 |
Whirlpool Corp. | 7,465 | 1,333,548 |
16,922,286 | ||
Consumer Services 1.6% | ||
Apollo Education Group, Inc. * | 83,139 | 737,443 |
Aramark | 11,638 | 441,429 |
Brinker International, Inc. | 7,507 | 403,201 |
Carnival Corp. | 31,133 | 1,488,157 |
Chipotle Mexican Grill, Inc. * | 450 | 186,178 |
Darden Restaurants, Inc. | 10,905 | 672,184 |
DeVry Education Group, Inc. | 10,704 | 246,620 |
H&R Block, Inc. | 20,798 | 450,485 |
Hilton Worldwide Holdings, Inc. | 17,302 | 412,999 |
International Game Technology plc | 7,263 | 165,814 |
Las Vegas Sands Corp. | 22,613 | 1,135,399 |
Security | Number of Shares | Value ($) |
Marriott International, Inc., Class A (b) | 8,547 | 609,657 |
McDonald's Corp. | 75,358 | 8,715,906 |
MGM Resorts International * | 21,984 | 525,198 |
Royal Caribbean Cruises Ltd. | 8,535 | 606,924 |
Service Corp. International | 15,266 | 403,633 |
Starbucks Corp. | 30,117 | 1,693,479 |
Starwood Hotels & Resorts Worldwide, Inc. | 9,336 | 723,167 |
Wyndham Worldwide Corp. | 13,168 | 932,163 |
Wynn Resorts Ltd. | 11,381 | 1,016,551 |
Yum! Brands, Inc. | 24,643 | 2,235,367 |
23,801,954 | ||
Diversified Financials 4.0% | ||
Ally Financial, Inc. | 78,512 | 1,573,380 |
American Capital Agency Corp. | 27,044 | 522,220 |
American Express Co. | 72,692 | 4,767,141 |
Ameriprise Financial, Inc. | 13,314 | 1,345,779 |
Annaly Capital Management, Inc. | 117,478 | 1,258,189 |
Berkshire Hathaway, Inc., Class B * | 91,732 | 13,804,749 |
BlackRock, Inc. | 4,411 | 1,644,465 |
Capital One Financial Corp. | 46,330 | 3,317,228 |
CME Group, Inc. | 13,145 | 1,424,261 |
Discover Financial Services | 31,717 | 1,903,020 |
FNFV Group * | 9,491 | 122,339 |
Franklin Resources, Inc. | 35,006 | 1,277,719 |
Intercontinental Exchange, Inc. | 991 | 279,482 |
Invesco Ltd. | 23,754 | 740,887 |
Legg Mason, Inc. | 17,257 | 596,920 |
Leucadia National Corp. | 20,674 | 395,907 |
Moody's Corp. | 5,623 | 611,164 |
Morgan Stanley | 58,394 | 1,872,112 |
Nasdaq, Inc. | 6,639 | 472,763 |
Navient Corp. | 20,997 | 301,937 |
Northern Trust Corp. | 10,367 | 731,807 |
S&P Global, Inc. | 12,658 | 1,563,769 |
SLM Corp. * | 120,659 | 894,686 |
State Street Corp. | 25,245 | 1,773,209 |
Synchrony Financial | 22,331 | 621,472 |
T. Rowe Price Group, Inc. | 15,013 | 1,044,004 |
TD Ameritrade Holding Corp. | 10,575 | 347,547 |
The Bank of New York Mellon Corp. | 45,279 | 1,886,776 |
The Charles Schwab Corp. (a) | 24,470 | 769,826 |
The Goldman Sachs Group, Inc. | 45,392 | 7,692,128 |
Thomson Reuters Corp. | 30,948 | 1,284,033 |
Voya Financial, Inc. | 12,687 | 370,968 |
57,211,887 | ||
Energy 14.5% | ||
Anadarko Petroleum Corp. | 44,645 | 2,387,168 |
Apache Corp. | 69,257 | 3,442,073 |
Baker Hughes, Inc. | 52,587 | 2,583,599 |
Cabot Oil & Gas Corp. | 13,742 | 338,466 |
California Resources Corp. (b) | 33,268 | 330,351 |
Chesapeake Energy Corp. * | 224,103 | 1,423,054 |
Chevron Corp. | 393,690 | 39,597,340 |
Cimarex Energy Co. | 3,813 | 504,002 |
Concho Resources, Inc. * | 2,869 | 370,675 |
ConocoPhillips | 315,695 | 12,959,280 |
CONSOL Energy, Inc. | 56,035 | 1,022,078 |
Security | Number of Shares | Value ($) |
Delek US Holdings, Inc. | 23,713 | 416,163 |
Denbury Resources, Inc. * | 178,976 | 551,246 |
Devon Energy Corp. | 71,995 | 3,119,543 |
Diamond Offshore Drilling, Inc. | 27,332 | 504,822 |
Energen Corp. | 6,747 | 387,953 |
Ensco plc, Class A | 70,954 | 538,541 |
EOG Resources, Inc. | 24,609 | 2,177,651 |
EQT Corp. | 5,762 | 411,983 |
Exxon Mobil Corp. | 735,799 | 64,117,525 |
FMC Technologies, Inc. * | 18,713 | 527,707 |
Halliburton Co. | 97,934 | 4,212,141 |
Helmerich & Payne, Inc. | 9,638 | 582,714 |
Hess Corp. | 68,604 | 3,725,197 |
HollyFrontier Corp. | 47,522 | 1,229,869 |
Kinder Morgan, Inc. | 103,625 | 2,264,206 |
Marathon Oil Corp. | 243,201 | 3,652,879 |
Marathon Petroleum Corp. | 127,645 | 5,426,189 |
Murphy Oil Corp. | 69,404 | 1,854,475 |
Nabors Industries Ltd. | 77,589 | 771,235 |
National Oilwell Varco, Inc. | 68,472 | 2,296,551 |
Newfield Exploration Co. * | 10,944 | 474,532 |
Noble Corp. plc | 61,982 | 357,016 |
Noble Energy, Inc. | 26,723 | 921,409 |
Occidental Petroleum Corp. | 88,688 | 6,815,673 |
Oceaneering International, Inc. | 10,662 | 282,756 |
ONEOK, Inc. | 24,199 | 1,134,691 |
Patterson-UTI Energy, Inc. | 28,271 | 551,002 |
PBF Energy, Inc., Class A | 10,310 | 225,789 |
Phillips 66 | 106,583 | 8,361,436 |
Pioneer Natural Resources Co. | 3,925 | 702,771 |
QEP Resources, Inc. | 36,373 | 694,724 |
Schlumberger Ltd. | 104,662 | 8,268,298 |
Seadrill Ltd. *(b) | 286,724 | 691,005 |
SM Energy Co. | 12,106 | 458,575 |
Southwestern Energy Co. * | 50,455 | 701,829 |
Spectra Energy Corp. | 55,137 | 1,963,980 |
Superior Energy Services, Inc. | 27,915 | 469,810 |
Tesoro Corp. | 16,789 | 1,266,226 |
The Williams Cos., Inc. | 51,743 | 1,445,700 |
Transocean Ltd. *(b) | 137,632 | 1,335,030 |
Valero Energy Corp. | 110,171 | 6,097,965 |
Weatherford International plc * | 153,483 | 839,552 |
Western Refining, Inc. | 11,447 | 288,007 |
Whiting Petroleum Corp. * | 35,152 | 256,258 |
World Fuel Services Corp. | 32,233 | 1,436,947 |
209,767,657 | ||
Food & Staples Retailing 3.9% | ||
Casey's General Stores, Inc. | 4,089 | 536,927 |
Costco Wholesale Corp. | 41,530 | 6,731,598 |
CVS Health Corp. | 128,668 | 12,017,591 |
Sysco Corp. | 73,919 | 3,833,439 |
The Kroger Co. | 105,147 | 3,363,653 |
United Natural Foods, Inc. * | 9,012 | 410,947 |
Wal-Mart Stores, Inc. | 316,547 | 22,614,118 |
Walgreens Boots Alliance, Inc. | 68,306 | 5,512,977 |
Whole Foods Market, Inc. | 43,821 | 1,331,282 |
56,352,532 |
Security | Number of Shares | Value ($) |
Food, Beverage & Tobacco 5.1% | ||
Altria Group, Inc. | 94,971 | 6,276,633 |
Archer-Daniels-Midland Co. | 135,289 | 5,920,247 |
Brown-Forman Corp., Class B | 12,628 | 613,089 |
Bunge Ltd. | 47,057 | 3,006,942 |
Campbell Soup Co. | 9,987 | 606,411 |
ConAgra Foods, Inc. | 30,525 | 1,422,770 |
Constellation Brands, Inc., Class A | 3,030 | 497,072 |
Dr. Pepper Snapple Group, Inc. | 14,247 | 1,334,944 |
General Mills, Inc. | 46,723 | 3,308,923 |
Hormel Foods Corp. | 16,009 | 612,504 |
Ingredion, Inc. | 6,547 | 896,677 |
Kellogg Co. | 18,254 | 1,500,661 |
McCormick & Co., Inc. Non-Voting Shares | 5,442 | 554,866 |
Mead Johnson Nutrition Co. | 5,872 | 499,531 |
Molson Coors Brewing Co., Class B | 6,850 | 700,892 |
Mondelez International, Inc., Class A | 99,270 | 4,469,136 |
Monster Beverage Corp. * | 3,093 | 475,982 |
PepsiCo, Inc. | 98,149 | 10,477,406 |
Philip Morris International, Inc. | 129,174 | 12,908,358 |
Reynolds American, Inc. | 31,091 | 1,541,181 |
The Coca-Cola Co. | 235,734 | 10,237,928 |
The Hershey Co. | 6,524 | 651,682 |
The J.M. Smucker Co. | 9,457 | 1,340,908 |
The Kraft Heinz Co. | 19,155 | 1,714,181 |
Tyson Foods, Inc., Class A | 36,895 | 2,788,155 |
74,357,079 | ||
Health Care Equipment & Services 5.4% | ||
Abbott Laboratories | 84,629 | 3,556,111 |
Aetna, Inc. | 32,658 | 3,824,905 |
AmerisourceBergen Corp. | 18,722 | 1,628,252 |
Anthem, Inc. | 53,625 | 6,707,415 |
Baxter International, Inc. | 66,444 | 3,104,928 |
Becton Dickinson & Co. | 12,848 | 2,276,794 |
Boston Scientific Corp. * | 39,818 | 948,465 |
C.R. Bard, Inc. | 4,846 | 1,070,191 |
Cardinal Health, Inc. | 45,682 | 3,639,485 |
Centene Corp. * | 12,416 | 847,889 |
Cerner Corp. * | 5,821 | 375,687 |
Cigna Corp. | 9,493 | 1,217,572 |
Community Health Systems, Inc. * | 36,423 | 388,998 |
Danaher Corp. | 21,497 | 1,750,071 |
DaVita HealthCare Partners, Inc. * | 8,476 | 547,804 |
DENTSPLY SIRONA, Inc. | 8,903 | 547,178 |
Edwards Lifesciences Corp. * | 3,029 | 348,820 |
Express Scripts Holding Co. * | 68,173 | 4,956,177 |
HCA Holdings, Inc. * | 35,675 | 2,695,246 |
Henry Schein, Inc. * | 4,744 | 777,020 |
Humana, Inc. | 16,603 | 2,967,122 |
IDEXX Laboratories, Inc. * | 3,351 | 377,591 |
Intuitive Surgical, Inc. * | 1,069 | 733,783 |
Laboratory Corp. of America Holdings * | 5,168 | 707,654 |
LifePoint Health, Inc. * | 5,046 | 285,604 |
Magellan Health, Inc. * | 7,456 | 425,887 |
McKesson Corp. | 23,761 | 4,386,756 |
MEDNAX, Inc. * | 3,849 | 253,149 |
Medtronic plc | 58,269 | 5,071,151 |
Security | Number of Shares | Value ($) |
Owens & Minor, Inc. | 16,038 | 551,226 |
Patterson Cos., Inc. | 9,330 | 429,180 |
Quest Diagnostics, Inc. | 20,504 | 1,698,141 |
ResMed, Inc. | 6,071 | 404,875 |
St. Jude Medical, Inc. | 21,693 | 1,690,318 |
Stryker Corp. | 13,676 | 1,581,766 |
Tenet Healthcare Corp. * | 13,626 | 325,661 |
UnitedHealth Group, Inc. | 83,727 | 11,391,058 |
Universal Health Services, Inc., Class B | 4,743 | 571,674 |
Varian Medical Systems, Inc. * | 6,540 | 628,690 |
WellCare Health Plans, Inc. * | 5,598 | 630,895 |
Zimmer Biomet Holdings, Inc. | 13,068 | 1,693,743 |
78,014,932 | ||
Household & Personal Products 2.2% | ||
Avon Products, Inc. | 184,310 | 1,050,567 |
Church & Dwight Co., Inc. | 5,177 | 514,697 |
Colgate-Palmolive Co. | 53,212 | 3,955,780 |
Herbalife Ltd. *(b) | 8,502 | 516,497 |
Kimberly-Clark Corp. | 20,963 | 2,684,522 |
Nu Skin Enterprises, Inc., Class A | 8,717 | 504,540 |
The Clorox Co. | 6,137 | 804,192 |
The Estee Lauder Cos., Inc., Class A | 8,401 | 749,621 |
The Procter & Gamble Co. | 239,910 | 20,946,542 |
31,726,958 | ||
Insurance 3.5% | ||
Aflac, Inc. | 36,647 | 2,718,475 |
Alleghany Corp. * | 476 | 255,231 |
American Financial Group, Inc. | 6,561 | 493,059 |
American International Group, Inc. | 133,257 | 7,972,766 |
Aon plc | 12,580 | 1,400,783 |
Arch Capital Group Ltd. * | 8,695 | 703,773 |
Arthur J. Gallagher & Co. | 7,497 | 370,427 |
Assurant, Inc. | 11,233 | 1,005,915 |
Assured Guaranty Ltd. | 12,754 | 354,179 |
Axis Capital Holdings Ltd. | 12,518 | 711,899 |
Chubb Ltd. | 31,126 | 3,950,823 |
Cincinnati Financial Corp. | 9,385 | 723,677 |
CNO Financial Group, Inc. | 17,147 | 278,639 |
Everest Re Group Ltd. | 4,308 | 833,081 |
First American Financial Corp. | 11,530 | 496,828 |
FNF Group | 20,522 | 773,474 |
Genworth Financial, Inc., Class A * | 151,762 | 717,834 |
Lincoln National Corp. | 12,153 | 583,709 |
Loews Corp. | 37,161 | 1,555,560 |
Marsh & McLennan Cos., Inc. | 27,968 | 1,891,476 |
MetLife, Inc. | 53,153 | 2,306,840 |
Principal Financial Group, Inc. | 13,062 | 640,952 |
Prudential Financial, Inc. | 24,520 | 1,946,398 |
Reinsurance Group of America, Inc. | 5,801 | 622,563 |
RenaissanceRe Holdings Ltd. | 6,002 | 718,440 |
The Allstate Corp. | 37,447 | 2,582,345 |
The Hartford Financial Services Group, Inc. | 36,588 | 1,502,669 |
The Progressive Corp. | 56,341 | 1,834,463 |
The Travelers Cos., Inc. | 58,030 | 6,888,741 |
Torchmark Corp. | 11,196 | 724,157 |
Unum Group | 26,024 | 926,715 |
Security | Number of Shares | Value ($) |
W.R. Berkley Corp. | 9,509 | 564,549 |
White Mountains Insurance Group Ltd. | 516 | 425,194 |
XL Group Ltd. | 19,618 | 671,524 |
50,147,158 | ||
Materials 3.9% | ||
Air Products & Chemicals, Inc. | 10,587 | 1,647,549 |
Albemarle Corp. | 9,561 | 764,593 |
Alcoa, Inc. | 145,853 | 1,470,198 |
Allegheny Technologies, Inc. (b) | 26,984 | 460,347 |
AptarGroup, Inc. | 5,810 | 453,064 |
Ashland, Inc. | 5,216 | 610,689 |
Avery Dennison Corp. | 8,030 | 621,843 |
Ball Corp. | 15,530 | 1,229,821 |
Bemis Co., Inc. | 11,223 | 590,330 |
Cabot Corp. | 7,026 | 350,316 |
Celanese Corp., Series A | 7,899 | 508,933 |
CF Industries Holdings, Inc. | 29,235 | 760,110 |
Commercial Metals Co. | 29,138 | 452,222 |
Domtar Corp. | 19,100 | 712,812 |
E.I. du Pont de Nemours & Co. | 61,791 | 4,300,654 |
Eastman Chemical Co. | 12,190 | 827,579 |
Ecolab, Inc. | 8,290 | 1,020,085 |
FMC Corp. | 11,248 | 527,981 |
Freeport-McMoRan, Inc. | 455,029 | 4,682,248 |
Graphic Packaging Holding Co. | 23,568 | 337,965 |
Huntsman Corp. | 39,325 | 679,929 |
International Flavors & Fragrances, Inc. | 3,764 | 521,615 |
International Paper Co. | 48,257 | 2,339,982 |
LyondellBasell Industries N.V., Class A | 48,457 | 3,822,773 |
Monsanto Co. | 31,423 | 3,346,549 |
Newmont Mining Corp. | 76,369 | 2,920,351 |
Nucor Corp. | 43,218 | 2,096,505 |
Owens-Illinois, Inc. * | 28,119 | 504,174 |
Packaging Corp. of America | 5,751 | 452,201 |
PPG Industries, Inc. | 16,376 | 1,733,891 |
Praxair, Inc. | 20,815 | 2,540,263 |
Reliance Steel & Aluminum Co. | 12,287 | 885,647 |
RPM International, Inc. | 9,330 | 508,765 |
Sealed Air Corp. | 6,116 | 288,247 |
Sonoco Products Co. | 11,196 | 577,042 |
Steel Dynamics, Inc. | 29,232 | 719,692 |
The Chemours Co. | 24,913 | 328,602 |
The Dow Chemical Co. | 93,454 | 5,012,873 |
The Mosaic Co. | 65,833 | 1,979,598 |
The Sherwin-Williams Co. | 2,202 | 624,729 |
The Valspar Corp. | 5,889 | 620,759 |
United States Steel Corp. | 49,244 | 957,303 |
Vulcan Materials Co. | 3,873 | 441,019 |
WestRock Co. | 14,927 | 715,003 |
56,946,851 | ||
Media 3.0% | ||
CBS Corp., Class B Non-Voting Shares | 46,265 | 2,360,903 |
Charter Communications, Inc., Class A * | 15,067 | 3,875,383 |
Security | Number of Shares | Value ($) |
Comcast Corp., Class A | 134,147 | 8,754,433 |
Discovery Communications, Inc., Class A * | 16,412 | 418,670 |
Discovery Communications, Inc., Class C * | 32,782 | 813,649 |
DISH Network Corp., Class A * | 10,350 | 519,880 |
News Corp., Class A | 43,368 | 609,754 |
News Corp., Class B | 14,653 | 211,443 |
Omnicom Group, Inc. | 19,958 | 1,718,983 |
Scripps Networks Interactive, Inc., Class A | 8,029 | 508,798 |
TEGNA, Inc. | 23,528 | 476,677 |
The Interpublic Group of Cos., Inc. | 28,315 | 655,209 |
The Walt Disney Co. | 80,399 | 7,594,490 |
Time Warner, Inc. | 111,609 | 8,751,262 |
Time, Inc. | 29,278 | 412,820 |
Twenty-First Century Fox, Inc., Class A | 77,557 | 1,903,249 |
Twenty-First Century Fox, Inc., Class B | 32,910 | 817,813 |
Viacom, Inc., Class B | 76,615 | 3,090,649 |
43,494,065 | ||
Pharmaceuticals, Biotechnology & Life Sciences 5.4% | ||
AbbVie, Inc. | 45,797 | 2,935,588 |
Agilent Technologies, Inc. | 17,109 | 803,781 |
Allergan plc * | 1,950 | 457,353 |
Amgen, Inc. | 41,360 | 7,033,682 |
Biogen, Inc. * | 4,694 | 1,434,627 |
Bristol-Myers Squibb Co. | 67,543 | 3,876,293 |
Celgene Corp. * | 17,024 | 1,817,142 |
Eli Lilly & Co. | 57,828 | 4,496,127 |
Gilead Sciences, Inc. | 34,456 | 2,700,661 |
Johnson & Johnson | 153,323 | 18,297,567 |
Merck & Co., Inc. | 200,784 | 12,607,227 |
Mettler-Toledo International, Inc. * | 1,215 | 489,730 |
Mylan N.V. * | 19,180 | 812,465 |
Perrigo Co., plc | 2,328 | 211,825 |
Pfizer, Inc. | 494,812 | 17,219,457 |
Thermo Fisher Scientific, Inc. | 11,407 | 1,736,031 |
Waters Corp. * | 3,543 | 557,349 |
Zoetis, Inc. | 11,651 | 595,366 |
78,082,271 | ||
Real Estate 1.2% | ||
American Tower Corp. | 7,663 | 868,831 |
AvalonBay Communities, Inc. | 2,895 | 506,654 |
Boston Properties, Inc. | 4,735 | 663,516 |
CBRE Group, Inc., Class A * | 11,016 | 329,268 |
Corrections Corp. of America | 16,440 | 261,889 |
Crown Castle International Corp. | 5,082 | 481,621 |
Digital Realty Trust, Inc. | 5,812 | 575,911 |
Duke Realty Corp. | 9,423 | 264,975 |
Equity Residential | 11,296 | 732,772 |
General Growth Properties, Inc. | 16,896 | 492,350 |
HCP, Inc. | 23,312 | 916,861 |
Hospitality Properties Trust | 12,129 | 369,813 |
Host Hotels & Resorts, Inc. | 39,765 | 708,612 |
Iron Mountain, Inc. | 29,173 | 1,120,535 |
Jones Lang LaSalle, Inc. | 2,612 | 304,951 |
Security | Number of Shares | Value ($) |
Kimco Realty Corp. | 15,881 | 477,224 |
Prologis, Inc. | 12,209 | 648,420 |
Public Storage | 3,346 | 749,303 |
Simon Property Group, Inc. | 8,409 | 1,811,887 |
SL Green Realty Corp. | 2,596 | 305,601 |
The Macerich Co. | 4,672 | 382,590 |
Ventas, Inc. | 15,050 | 1,093,684 |
Vornado Realty Trust | 8,397 | 867,494 |
Welltower, Inc. | 9,796 | 751,843 |
Weyerhaeuser Co. | 62,118 | 1,978,458 |
17,665,063 | ||
Retailing 4.7% | ||
Abercrombie & Fitch Co., Class A | 23,966 | 425,157 |
Advance Auto Parts, Inc. | 2,945 | 463,484 |
Amazon.com, Inc. * | 3,021 | 2,323,632 |
American Eagle Outfitters, Inc. | 36,875 | 683,662 |
AutoNation, Inc. * | 8,504 | 402,664 |
AutoZone, Inc. * | 690 | 511,842 |
Bed Bath & Beyond, Inc. | 37,705 | 1,748,381 |
Best Buy Co., Inc. | 65,139 | 2,506,549 |
Big Lots, Inc. | 13,074 | 644,810 |
CarMax, Inc. * | 10,568 | 622,984 |
Chico's FAS, Inc. | 29,306 | 371,600 |
Core-Mark Holding Co., Inc. | 11,690 | 445,974 |
CST Brands, Inc. | 19,959 | 954,240 |
Dick's Sporting Goods, Inc. | 11,684 | 684,682 |
Dillard's, Inc., Class A | 6,726 | 405,174 |
Dollar General Corp. | 22,380 | 1,642,916 |
Dollar Tree, Inc. * | 14,485 | 1,197,909 |
Expedia, Inc. | 3,772 | 411,601 |
Foot Locker, Inc. | 13,180 | 865,135 |
GameStop Corp., Class A | 30,319 | 860,756 |
Genuine Parts Co. | 14,929 | 1,535,000 |
GNC Holdings, Inc., Class A | 11,193 | 235,389 |
Guess?, Inc. | 18,703 | 311,031 |
J.C. Penney Co., Inc. * | 72,821 | 686,702 |
Kohl's Corp. | 62,426 | 2,770,466 |
L Brands, Inc. | 13,568 | 1,034,017 |
Liberty Interactive Corp. QVC Group, Class A * | 38,231 | 807,821 |
LKQ Corp. * | 10,671 | 385,116 |
Lowe's Cos., Inc. | 92,497 | 7,081,570 |
Macy's, Inc. | 50,760 | 1,836,497 |
Murphy USA, Inc. * | 16,376 | 1,197,413 |
Nordstrom, Inc. (b) | 18,713 | 944,258 |
O'Reilly Automotive, Inc. * | 4,167 | 1,166,552 |
Office Depot, Inc. | 75,120 | 276,442 |
Ross Stores, Inc. | 19,889 | 1,237,891 |
Signet Jewelers Ltd. | 4,714 | 386,454 |
Staples, Inc. | 234,782 | 2,009,734 |
Target Corp. | 92,697 | 6,506,402 |
The Gap, Inc. | 60,504 | 1,504,734 |
The Home Depot, Inc. | 81,535 | 10,935,474 |
The Priceline Group, Inc. * | 879 | 1,245,306 |
The TJX Cos., Inc. | 44,339 | 3,433,612 |
Tiffany & Co. | 6,000 | 428,220 |
Tractor Supply Co. | 6,628 | 556,421 |
Urban Outfitters, Inc. * | 13,587 | 487,094 |
Williams-Sonoma, Inc. | 8,723 | 459,179 |
67,631,947 |
Security | Number of Shares | Value ($) |
Semiconductors & Semiconductor Equipment 2.9% | ||
Analog Devices, Inc. | 14,250 | 891,480 |
Applied Materials, Inc. | 90,180 | 2,690,971 |
Broadcom Ltd. | 6,196 | 1,093,098 |
Intel Corp. | 525,274 | 18,852,084 |
KLA-Tencor Corp. | 9,492 | 657,416 |
Lam Research Corp. | 7,731 | 721,457 |
Linear Technology Corp. | 11,205 | 652,579 |
Marvell Technology Group Ltd. | 90,736 | 1,125,127 |
Maxim Integrated Products, Inc. | 23,558 | 959,282 |
Microchip Technology, Inc. | 11,196 | 693,144 |
Micron Technology, Inc. * | 88,899 | 1,465,945 |
NVIDIA Corp. | 18,692 | 1,146,567 |
QUALCOMM, Inc. | 93,845 | 5,918,804 |
Skyworks Solutions, Inc. | 3,858 | 288,810 |
Texas Instruments, Inc. | 68,412 | 4,757,371 |
Xilinx, Inc. | 12,463 | 675,619 |
42,589,754 | ||
Software & Services 7.2% | ||
Accenture plc, Class A | 34,502 | 3,967,730 |
Activision Blizzard, Inc. | 39,521 | 1,634,984 |
Adobe Systems, Inc. * | 9,338 | 955,371 |
Akamai Technologies, Inc. * | 4,999 | 274,445 |
Alliance Data Systems Corp. * | 1,960 | 400,977 |
Alphabet, Inc., Class A * | 4,850 | 3,830,772 |
Alphabet, Inc., Class C * | 5,071 | 3,889,711 |
Amdocs Ltd. | 14,026 | 843,243 |
Autodesk, Inc. * | 6,604 | 445,110 |
Automatic Data Processing, Inc. | 19,131 | 1,718,155 |
Booz Allen Hamilton Holding Corp. | 14,024 | 425,769 |
Broadridge Financial Solutions, Inc. | 6,834 | 473,596 |
CA, Inc. | 32,959 | 1,117,640 |
CACI International, Inc., Class A * | 4,180 | 415,325 |
Citrix Systems, Inc. * | 6,624 | 577,613 |
Cognizant Technology Solutions Corp., Class A * | 16,040 | 921,338 |
Computer Sciences Corp. | 22,806 | 1,072,794 |
CSRA, Inc. | 3,327 | 84,473 |
eBay, Inc. * | 71,900 | 2,312,304 |
Electronic Arts, Inc. * | 5,034 | 408,912 |
Facebook, Inc., Class A * | 7,703 | 971,502 |
Fidelity National Information Services, Inc. | 19,263 | 1,528,134 |
Fiserv, Inc. * | 11,237 | 1,157,973 |
Global Payments, Inc. | 6,443 | 489,346 |
IAC/InterActiveCorp | 8,763 | 514,476 |
International Business Machines Corp. | 136,940 | 21,757,027 |
Intuit, Inc. | 11,381 | 1,268,412 |
Leidos Holdings, Inc. | 11,763 | 476,519 |
MasterCard, Inc., Class A | 24,433 | 2,360,961 |
Microsoft Corp. | 466,051 | 26,779,290 |
Oracle Corp. | 226,320 | 9,328,910 |
Paychex, Inc. | 14,108 | 855,932 |
PayPal Holdings, Inc. * | 4,194 | 155,807 |
Symantec Corp. | 79,547 | 1,919,469 |
Teradata Corp. * | 16,295 | 517,040 |
The Western Union Co. | 63,512 | 1,366,778 |
Total System Services, Inc. | 6,925 | 341,056 |
Security | Number of Shares | Value ($) |
Visa, Inc., Class A | 46,253 | 3,741,868 |
Xerox Corp. | 188,447 | 1,856,203 |
Yahoo! Inc. * | 27,317 | 1,167,802 |
104,324,767 | ||
Technology Hardware & Equipment 5.0% | ||
Amphenol Corp., Class A | 13,068 | 814,267 |
Anixter International, Inc. * | 6,174 | 394,766 |
Apple, Inc. | 246,427 | 26,145,905 |
Arrow Electronics, Inc. * | 20,667 | 1,360,509 |
Avnet, Inc. | 30,767 | 1,282,369 |
Brocade Communications Systems, Inc. | 35,476 | 318,574 |
CDW Corp. | 5,277 | 235,618 |
Cisco Systems, Inc. | 372,187 | 11,701,559 |
Corning, Inc. | 114,703 | 2,602,611 |
EMC Corp. | 140,560 | 4,074,834 |
F5 Networks, Inc. * | 3,163 | 388,195 |
FLIR Systems, Inc. | 12,741 | 392,805 |
Harris Corp. | 11,611 | 1,079,591 |
Hewlett Packard Enterprise Co. | 58,082 | 1,247,601 |
HP, Inc. | 667,350 | 9,589,820 |
Ingram Micro, Inc., Class A | 49,747 | 1,739,155 |
Jabil Circuit, Inc. | 36,515 | 773,753 |
Juniper Networks, Inc. | 31,105 | 717,903 |
Keysight Technologies, Inc. * | 15,457 | 470,357 |
Lexmark International, Inc., Class A | 14,148 | 506,640 |
Motorola Solutions, Inc. | 23,653 | 1,821,044 |
NCR Corp. * | 11,196 | 378,985 |
NetApp, Inc. | 29,103 | 1,006,673 |
Sanmina Corp. * | 14,191 | 372,939 |
SYNNEX Corp. | 4,371 | 464,069 |
Tech Data Corp. * | 15,402 | 1,143,444 |
Vishay Intertechnology, Inc. | 27,028 | 382,716 |
Western Digital Corp. | 31,010 | 1,447,237 |
72,853,939 | ||
Telecommunication Services 4.0% | ||
AT&T, Inc. | 808,655 | 33,057,816 |
CenturyLink, Inc. | 123,237 | 3,425,989 |
Frontier Communications Corp. | 220,912 | 1,016,195 |
Level 3 Communications, Inc. * | 6,176 | 306,515 |
T-Mobile US, Inc. * | 7,849 | 363,723 |
Telephone & Data Systems, Inc. | 24,533 | 683,735 |
Verizon Communications, Inc. | 351,920 | 18,415,973 |
57,269,946 | ||
Transportation 1.9% | ||
Alaska Air Group, Inc. | 5,100 | 344,403 |
American Airlines Group, Inc. | 13,422 | 487,219 |
Avis Budget Group, Inc. * | 21,044 | 760,320 |
C.H. Robinson Worldwide, Inc. | 15,906 | 1,104,195 |
CSX Corp. | 107,142 | 3,029,976 |
Delta Air Lines, Inc. | 9,663 | 355,115 |
Expeditors International of Washington, Inc. | 19,608 | 993,145 |
FedEx Corp. | 30,880 | 5,093,038 |
Hertz Global Holdings, Inc. * | 17,408 | 857,518 |
J.B. Hunt Transport Services, Inc. | 4,665 | 370,354 |
JetBlue Airways Corp. * | 16,210 | 258,550 |
Security | Number of Shares | Value ($) |
Kansas City Southern | 4,105 | 397,036 |
Norfolk Southern Corp. | 25,549 | 2,399,051 |
Ryder System, Inc. | 8,689 | 569,303 |
Southwest Airlines Co. | 6,814 | 251,300 |
Union Pacific Corp. | 64,119 | 6,125,288 |
United Parcel Service, Inc., Class B | 35,983 | 3,930,063 |
27,325,874 | ||
Utilities 4.2% | ||
AES Corp. | 156,550 | 1,889,558 |
Alliant Energy Corp. | 15,348 | 582,457 |
Ameren Corp. | 27,468 | 1,357,469 |
American Electric Power Co., Inc. | 44,252 | 2,857,352 |
American Water Works Co., Inc. | 10,290 | 761,357 |
Atmos Energy Corp. | 7,189 | 529,829 |
Calpine Corp. * | 64,433 | 804,124 |
CenterPoint Energy, Inc. | 57,815 | 1,299,103 |
CMS Energy Corp. | 23,352 | 980,083 |
Consolidated Edison, Inc. | 29,125 | 2,191,656 |
Dominion Resources, Inc. | 40,906 | 3,033,589 |
DTE Energy Co. | 16,519 | 1,534,615 |
Duke Energy Corp. | 53,655 | 4,274,157 |
Edison International | 26,386 | 1,918,790 |
Entergy Corp. | 30,251 | 2,365,628 |
Eversource Energy | 18,859 | 1,017,820 |
Exelon Corp. | 132,674 | 4,510,916 |
FirstEnergy Corp. | 70,033 | 2,292,180 |
Great Plains Energy, Inc. | 17,198 | 467,098 |
MDU Resources Group, Inc. | 26,458 | 623,615 |
National Fuel Gas Co. | 7,205 | 411,117 |
NextEra Energy, Inc. | 27,123 | 3,280,256 |
NiSource, Inc. | 38,437 | 920,182 |
NRG Energy, Inc. | 86,972 | 1,053,231 |
OGE Energy Corp. | 20,091 | 625,433 |
PG&E Corp. | 42,211 | 2,614,549 |
Pinnacle West Capital Corp. | 9,876 | 741,095 |
PPL Corp. | 59,758 | 2,078,383 |
Public Service Enterprise Group, Inc. | 53,018 | 2,267,050 |
SCANA Corp. | 12,518 | 884,397 |
Sempra Energy | 16,852 | 1,763,225 |
The Southern Co. | 80,260 | 4,119,746 |
UGI Corp. | 16,794 | 763,791 |
Vectren Corp. | 8,437 | 412,654 |
WEC Energy Group, Inc. | 14,383 | 861,254 |
Westar Energy, Inc. | 10,295 | 565,607 |
Xcel Energy, Inc. | 41,903 | 1,733,108 |
60,386,474 | ||
Total Common Stock | ||
(Cost $1,387,666,205) | 1,440,924,284 | |
Other Investment Companies 0.3% of net assets | ||
Money Market Fund 0.1% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.26% (c) | 622,659 | 622,659 |
Security | Number of Shares | Value ($) |
Securities Lending Collateral 0.2% | ||
Wells Fargo Government Money Market Fund, Select Class 0.32% (c) | 3,419,575 | 3,419,575 |
Total Other Investment Companies | ||
(Cost $4,042,234) | 4,042,234 |
* | Non-income producing security. |
(a) | Issuer is affiliated with the fund's adviser. |
(b) | All or a portion of this security is on loan. Securities on loan were valued at $3,221,970. |
(c) | The rate shown is the 7-day yield. |
Number of Contracts | Contract Value ($) | Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
S&P 500 Index, e-mini, Long, expires 09/16/16 | 40 | 4,339,000 | (17,152) |
Holdings by Category | Cost ($) | Value ($) | |
99.5% | Common Stock | 897,452,361 | 960,788,063 |
0.0% | Rights | 14,969 | 17,820 |
1.9% | Other Investment Companies | 18,077,859 | 18,077,859 |
101.4% | Total Investments | 915,545,189 | 978,883,742 |
(1.4%) | Other Assets and Liabilities, Net | (13,726,657) | |
100.0% | Net Assets | 965,157,085 |
Security | Number of Shares | Value ($) |
Common Stock 99.5% of net assets | ||
Automobiles & Components 1.1% | ||
American Axle & Manufacturing Holdings, Inc. * | 37,035 | 634,780 |
Cooper Tire & Rubber Co. | 52,411 | 1,781,450 |
Cooper-Standard Holding, Inc. * | 11,825 | 1,171,266 |
Dorman Products, Inc. * | 10,209 | 643,882 |
Drew Industries, Inc. | 12,489 | 1,272,005 |
Gentex Corp. | 104,967 | 1,867,363 |
Standard Motor Products, Inc. | 16,200 | 725,922 |
Superior Industries International, Inc. | 7,864 | 228,921 |
Tenneco, Inc. * | 35,227 | 1,966,723 |
Tower International, Inc. | 19,696 | 478,613 |
10,770,925 | ||
Banks 5.4% | ||
Associated Banc-Corp. | 56,172 | 1,114,452 |
Astoria Financial Corp. | 38,955 | 596,012 |
BancorpSouth, Inc. | 27,419 | 682,733 |
Bank of Hawaii Corp. | 20,614 | 1,485,033 |
Bank of the Ozarks, Inc. | 10,054 | 393,916 |
BankUnited, Inc. | 35,412 | 1,138,496 |
BOK Financial Corp. | 12,298 | 849,423 |
Capitol Federal Financial, Inc. | 78,987 | 1,135,833 |
Cathay General Bancorp | 16,282 | 511,580 |
Columbia Banking System, Inc. | 3,595 | 118,779 |
Commerce Bancshares, Inc. | 32,918 | 1,668,284 |
Community Bank System, Inc. | 14,983 | 710,943 |
Cullen/Frost Bankers, Inc. | 20,889 | 1,522,808 |
CVB Financial Corp. | 33,096 | 588,778 |
East West Bancorp, Inc. | 41,670 | 1,547,624 |
EverBank Financial Corp. | 48,850 | 937,432 |
F.N.B. Corp. | 68,787 | 859,150 |
Security | Number of Shares | Value ($) |
First Citizens BancShares, Inc., Class A | 3,226 | 919,120 |
First Financial Bancorp | 39,591 | 863,084 |
First Financial Bankshares, Inc. (a) | 13,905 | 509,201 |
First Horizon National Corp. | 136,013 | 2,091,880 |
First Republic Bank | 24,700 | 1,900,912 |
Fulton Financial Corp. | 78,363 | 1,133,129 |
Glacier Bancorp, Inc. | 21,295 | 637,572 |
Great Western Bancorp, Inc. | 20,954 | 717,465 |
Hancock Holding Co. | 36,205 | 1,181,369 |
IBERIABANK Corp. | 9,468 | 651,114 |
International Bancshares Corp. | 25,820 | 765,563 |
Investors Bancorp, Inc. | 13,139 | 160,953 |
MB Financial, Inc. | 17,184 | 673,269 |
National Bank Holdings Corp., Class A | 5,272 | 126,212 |
NBT Bancorp, Inc. | 16,585 | 535,530 |
Northwest Bancshares, Inc. | 66,202 | 1,027,455 |
Ocwen Financial Corp. * | 212,635 | 756,981 |
Old National Bancorp | 41,049 | 581,254 |
PacWest Bancorp | 11,336 | 490,962 |
Park National Corp. | 1,618 | 154,762 |
Popular, Inc. | 79,552 | 3,127,189 |
PrivateBancorp, Inc. | 14,151 | 650,238 |
Prosperity Bancshares, Inc. | 17,006 | 943,323 |
Provident Financial Services, Inc. | 4,972 | 107,246 |
Signature Bank * | 5,136 | 626,643 |
SVB Financial Group * | 8,966 | 995,764 |
Synovus Financial Corp. | 36,137 | 1,195,412 |
TCF Financial Corp. | 82,658 | 1,210,940 |
Texas Capital Bancshares, Inc. * | 2,077 | 109,084 |
Trustmark Corp. | 36,043 | 1,022,179 |
UMB Financial Corp. | 12,719 | 773,315 |
Umpqua Holdings Corp. | 42,367 | 695,666 |
United Bankshares, Inc. | 18,790 | 740,326 |
Valley National Bancorp | 141,399 | 1,364,500 |
Walter Investment Management Corp. *(a) | 95,508 | 361,020 |
Washington Federal, Inc. | 49,210 | 1,304,065 |
Webster Financial Corp. | 25,218 | 974,171 |
Westamerica Bancorp (a) | 13,761 | 699,609 |
Wintrust Financial Corp. | 13,510 | 750,886 |
Zions Bancorp | 69,255 | 2,118,510 |
51,509,149 | ||
Capital Goods 12.7% | ||
A.O. Smith Corp. | 17,776 | 1,715,028 |
AAR Corp. | 51,376 | 1,264,363 |
Actuant Corp., Class A | 50,009 | 1,191,714 |
Acuity Brands, Inc. | 6,885 | 1,894,201 |
Aegion Corp. * | 37,794 | 699,945 |
Air Lease Corp. | 21,991 | 646,096 |
Aircastle Ltd. | 37,747 | 817,222 |
Albany International Corp., Class A | 15,135 | 640,664 |
Allegion plc | 20,314 | 1,446,763 |
Allison Transmission Holdings, Inc. | 69,939 | 1,940,108 |
Altra Industrial Motion Corp. | 4,154 | 117,143 |
Apogee Enterprises, Inc. | 11,383 | 550,937 |
Applied Industrial Technologies, Inc. | 45,115 | 2,143,865 |
Astec Industries, Inc. | 15,095 | 887,435 |
AZZ, Inc. | 9,070 | 602,520 |
Security | Number of Shares | Value ($) |
B/E Aerospace, Inc. | 31,222 | 1,578,272 |
Babcock & Wilcox Enterprises, Inc. * | 8,826 | 144,305 |
Barnes Group, Inc. | 28,194 | 1,165,540 |
Beacon Roofing Supply, Inc. * | 31,200 | 1,434,576 |
Briggs & Stratton Corp. | 54,956 | 1,044,714 |
BWX Technologies, Inc. | 69,074 | 2,680,762 |
Chart Industries, Inc. * | 30,132 | 907,576 |
CIRCOR International, Inc. | 12,824 | 757,385 |
CLARCOR, Inc. | 23,998 | 1,571,149 |
Colfax Corp. * | 36,588 | 1,085,932 |
Comfort Systems USA, Inc. | 22,360 | 634,800 |
Crane Co. | 28,080 | 1,806,106 |
Cubic Corp. | 20,386 | 954,472 |
Curtiss-Wright Corp. | 20,559 | 1,848,254 |
DigitalGlobe, Inc. * | 28,492 | 771,848 |
Donaldson Co., Inc. | 69,463 | 2,608,336 |
DXP Enterprises, Inc. * | 8,008 | 224,945 |
Dycom Industries, Inc. * | 10,674 | 865,875 |
Encore Wire Corp. | 27,047 | 1,047,260 |
EnerSys | 32,248 | 2,269,614 |
EnPro Industries, Inc. | 11,200 | 603,680 |
ESCO Technologies, Inc. | 13,957 | 629,740 |
Esterline Technologies Corp. * | 19,606 | 1,508,682 |
Federal Signal Corp. | 9,585 | 125,659 |
Franklin Electric Co., Inc. | 24,127 | 922,858 |
GATX Corp. (a) | 39,019 | 1,710,983 |
Generac Holdings, Inc. * | 52,733 | 1,966,941 |
General Cable Corp. | 160,940 | 2,595,962 |
Graco, Inc. | 15,949 | 1,174,963 |
Granite Construction, Inc. | 29,974 | 1,438,752 |
Griffon Corp. | 34,283 | 586,925 |
H&E Equipment Services, Inc. | 35,839 | 570,915 |
Harsco Corp. | 242,568 | 2,413,552 |
HD Supply Holdings, Inc. * | 29,573 | 1,067,881 |
HEICO Corp. | 11,908 | 809,268 |
HEICO Corp., Class A | 1,683 | 95,729 |
Hexcel Corp. | 33,396 | 1,497,811 |
Hillenbrand, Inc. | 34,228 | 1,100,430 |
Hyster-Yale Materials Handling, Inc. | 10,132 | 524,128 |
Kaman Corp. | 21,321 | 957,100 |
Kennametal, Inc. | 96,086 | 2,686,565 |
KLX, Inc. * | 41,838 | 1,562,231 |
Lennox International, Inc. | 14,804 | 2,384,480 |
Lindsay Corp. (a) | 7,089 | 510,124 |
Masco Corp. | 66,505 | 2,359,597 |
Masonite International Corp. * | 12,607 | 841,265 |
MasTec, Inc. * | 72,735 | 2,142,046 |
Meritor, Inc. * | 12,221 | 136,264 |
Moog, Inc., Class A * | 28,780 | 1,697,732 |
MRC Global, Inc. * | 154,667 | 2,268,965 |
MSC Industrial Direct Co., Inc., Class A | 30,439 | 2,223,265 |
Mueller Industries, Inc. | 65,063 | 2,248,577 |
Mueller Water Products, Inc., Class A | 11,562 | 139,785 |
MYR Group, Inc. * | 21,295 | 617,555 |
National Presto Industries, Inc. | 1,683 | 146,859 |
Nordson Corp. | 21,520 | 2,124,670 |
Orbital ATK, Inc. | 16,520 | 1,246,104 |
Primoris Services Corp. | 26,163 | 502,853 |
Quanex Building Products Corp. | 27,705 | 535,538 |
Raven Industries, Inc. | 32,226 | 790,826 |
RBC Bearings, Inc. * | 7,064 | 558,692 |
Security | Number of Shares | Value ($) |
Regal Beloit Corp. | 36,675 | 2,249,278 |
Rexnord Corp. * | 47,913 | 1,059,356 |
Rush Enterprises, Inc., Class A * | 39,614 | 942,021 |
Simpson Manufacturing Co., Inc. | 19,548 | 857,766 |
Spirit AeroSystems Holdings, Inc., Class A * | 42,255 | 1,936,124 |
SPX Corp. * | 165,414 | 3,132,941 |
SPX FLOW, Inc. * | 12,580 | 369,978 |
Standex International Corp. | 5,897 | 496,468 |
Teledyne Technologies, Inc. * | 15,917 | 1,705,347 |
Tennant Co. | 12,019 | 777,990 |
Textainer Group Holdings Ltd. (a) | 8,008 | 71,191 |
The Greenbrier Cos., Inc. (a) | 20,128 | 682,138 |
The Middleby Corp. * | 8,106 | 1,038,784 |
The Toro Co. | 23,040 | 2,238,336 |
Titan International, Inc. | 106,700 | 980,573 |
Titan Machinery, Inc. * | 38,695 | 414,423 |
TriMas Corp. * | 35,843 | 687,469 |
Tutor Perini Corp. * | 70,850 | 1,643,011 |
Universal Forest Products, Inc. | 20,135 | 2,197,735 |
USG Corp. * | 3,395 | 93,125 |
Wabash National Corp. * | 10,703 | 149,307 |
Wabtec Corp. | 23,719 | 1,817,113 |
Watsco, Inc. | 13,635 | 2,016,071 |
Watts Water Technologies, Inc., Class A | 19,254 | 1,239,958 |
Woodward, Inc. | 31,222 | 1,958,244 |
122,740,424 | ||
Commercial & Professional Services 5.0% | ||
ABM Industries, Inc. | 69,169 | 2,658,165 |
ACCO Brands Corp. * | 95,397 | 953,970 |
Brady Corp., Class A | 45,456 | 1,522,321 |
CBIZ, Inc. * | 10,703 | 121,051 |
CEB, Inc. | 7,924 | 477,025 |
Clean Harbors, Inc. * | 30,098 | 1,438,684 |
Copart, Inc. * | 56,213 | 2,867,987 |
Covanta Holding Corp. | 91,213 | 1,358,162 |
Deluxe Corp. | 27,083 | 1,846,248 |
Ennis, Inc. | 6,290 | 104,288 |
Essendant, Inc. | 68,169 | 1,320,434 |
FTI Consulting, Inc. * | 44,543 | 1,972,809 |
G&K Services, Inc., Class A | 11,454 | 1,114,818 |
Healthcare Services Group, Inc. | 26,974 | 1,088,940 |
Herman Miller, Inc. | 29,870 | 1,077,411 |
HNI Corp. | 30,138 | 1,682,906 |
Huron Consulting Group, Inc. * | 8,590 | 539,967 |
ICF International, Inc. * | 18,139 | 759,117 |
Insperity, Inc. | 13,131 | 860,737 |
Interface, Inc. | 30,966 | 547,479 |
KAR Auction Services, Inc. | 43,378 | 1,834,022 |
Kelly Services, Inc., Class A | 101,070 | 1,932,458 |
Kforce, Inc. | 28,889 | 559,002 |
Knoll, Inc. | 22,731 | 601,462 |
Korn/Ferry International | 21,277 | 507,244 |
Matthews International Corp., Class A | 15,186 | 934,091 |
McGrath RentCorp | 21,385 | 683,678 |
Mobile Mini, Inc. | 12,761 | 381,554 |
MSA Safety, Inc. | 16,190 | 943,068 |
Navigant Consulting, Inc. * | 41,997 | 824,821 |
Security | Number of Shares | Value ($) |
On Assignment, Inc. * | 15,044 | 567,309 |
Quad/Graphics, Inc. | 111,329 | 3,015,903 |
Resources Connection, Inc. | 47,473 | 716,368 |
Rollins, Inc. | 24,896 | 709,536 |
Steelcase, Inc., Class A | 68,201 | 1,018,923 |
Stericycle, Inc. * | 17,664 | 1,518,751 |
Team, Inc. * | 16,868 | 535,896 |
Tetra Tech, Inc. | 45,054 | 1,590,406 |
The Brink's Co. | 51,671 | 1,885,992 |
TrueBlue, Inc. * | 33,992 | 742,725 |
UniFirst Corp. | 8,530 | 1,095,167 |
Viad Corp. | 21,571 | 771,379 |
West Corp. | 37,737 | 884,178 |
48,566,452 | ||
Consumer Durables & Apparel 2.5% | ||
Arctic Cat, Inc. | 30,339 | 429,904 |
Brunswick Corp. | 25,831 | 1,187,968 |
CalAtlantic Group, Inc. | 3,495 | 127,533 |
Carter's, Inc. | 21,774 | 2,074,844 |
Columbia Sportswear Co. | 12,573 | 706,225 |
Crocs, Inc. * | 78,561 | 678,767 |
Deckers Outdoor Corp. * | 30,130 | 1,968,995 |
Ethan Allen Interiors, Inc. | 3,036 | 101,585 |
G-III Apparel Group Ltd. * | 17,145 | 541,268 |
Helen of Troy Ltd. * | 10,221 | 923,365 |
Iconix Brand Group, Inc. * | 114,078 | 958,255 |
KB Home | 9,226 | 144,848 |
La-Z-Boy, Inc. | 36,222 | 966,041 |
Lennar Corp., Class A | 36,286 | 1,716,328 |
lululemon athletica, Inc. * | 20,280 | 1,551,623 |
M.D.C Holdings, Inc. | 30,800 | 804,188 |
Meritage Homes Corp. * | 15,213 | 546,147 |
Oxford Industries, Inc. | 6,933 | 432,688 |
Skechers U.S.A., Inc., Class A * | 29,552 | 718,409 |
Smith & Wesson Holding Corp. * | 26,124 | 735,391 |
Steven Madden Ltd. * | 29,322 | 1,028,909 |
Sturm Ruger & Co., Inc. | 10,849 | 664,935 |
Tempur Sealy International, Inc. * | 22,664 | 1,777,311 |
Toll Brothers, Inc. * | 27,655 | 859,794 |
Under Armour, Inc., Class A *(a) | 14,324 | 567,660 |
Under Armour, Inc., Class C * | 14,965 | 533,502 |
Unifi, Inc. * | 4,254 | 110,732 |
Vista Outdoor, Inc. * | 5,172 | 205,949 |
Wolverine World Wide, Inc. | 48,175 | 1,151,864 |
24,215,028 | ||
Consumer Services 4.3% | ||
BJ's Restaurants, Inc. * | 2,936 | 116,618 |
Bloomin' Brands, Inc. | 58,555 | 1,144,165 |
Bob Evans Farms, Inc. | 35,216 | 1,443,856 |
Boyd Gaming Corp. * | 23,958 | 467,181 |
Bright Horizons Family Solutions, Inc. * | 2,277 | 155,200 |
Buffalo Wild Wings, Inc. * | 5,146 | 834,681 |
Caesars Entertainment Corp. *(a) | 76,143 | 481,224 |
Capella Education Co. | 15,102 | 889,810 |
Career Education Corp. * | 251,259 | 1,643,234 |
Choice Hotels International, Inc. | 18,834 | 913,261 |
Churchill Downs, Inc. | 3,665 | 547,478 |
Security | Number of Shares | Value ($) |
Cracker Barrel Old Country Store, Inc. (a) | 7,855 | 1,194,824 |
DineEquity, Inc. | 8,883 | 692,785 |
Domino's Pizza, Inc. | 10,594 | 1,584,545 |
Dunkin' Brands Group, Inc. | 28,298 | 1,385,187 |
Extended Stay America, Inc. | 7,508 | 106,238 |
Graham Holdings Co., Class B | 5,072 | 2,487,055 |
Grand Canyon Education, Inc. * | 11,414 | 474,023 |
Houghton Mifflin Harcourt Co. * | 36,716 | 585,620 |
Hyatt Hotels Corp., Class A * | 13,778 | 736,848 |
International Speedway Corp., Class A | 16,017 | 533,206 |
Interval Leisure Group, Inc. | 8,367 | 145,586 |
Jack in the Box, Inc. | 20,392 | 2,028,188 |
K12, Inc. * | 42,542 | 508,377 |
La Quinta Holdings, Inc. * | 41,638 | 480,919 |
Marriott Vacations Worldwide Corp. | 12,175 | 938,693 |
Norwegian Cruise Line Holdings Ltd. * | 21,381 | 767,364 |
Panera Bread Co., Class A * | 11,376 | 2,470,298 |
Papa John's International, Inc. | 8,201 | 613,681 |
Penn National Gaming, Inc. * | 83,595 | 1,185,377 |
Red Robin Gourmet Burgers, Inc. * | 11,264 | 566,129 |
Regis Corp. * | 82,058 | 1,031,469 |
Ruby Tuesday, Inc. * | 135,509 | 411,947 |
SeaWorld Entertainment, Inc. | 77,719 | 1,011,124 |
ServiceMaster Global Holdings, Inc. * | 4,054 | 151,255 |
Six Flags Entertainment Corp. | 21,790 | 1,062,698 |
Sotheby's | 29,456 | 1,167,930 |
Strayer Education, Inc. * | 23,175 | 1,128,159 |
Texas Roadhouse, Inc. | 29,934 | 1,325,178 |
The Cheesecake Factory, Inc. | 34,485 | 1,772,874 |
The Wendy's Co. | 195,563 | 1,992,787 |
Vail Resorts, Inc. | 7,835 | 1,241,299 |
Weight Watchers International, Inc. *(a) | 125,786 | 1,322,011 |
41,740,382 | ||
Diversified Financials 4.9% | ||
Affiliated Managers Group, Inc. * | 10,307 | 1,464,109 |
Altisource Residential Corp. | 16,534 | 181,378 |
Anworth Mortgage Asset Corp. | 135,088 | 660,580 |
BGC Partners, Inc., Class A | 68,651 | 602,069 |
Capstead Mortgage Corp. | 76,758 | 761,439 |
Cash America International, Inc. | 20,238 | 880,960 |
CBOE Holdings, Inc. | 22,387 | 1,537,763 |
Chimera Investment Corp. | 108,168 | 1,783,690 |
Colony Capital, Inc., Class A | 6,131 | 113,240 |
Credit Acceptance Corp. *(a) | 3,106 | 620,113 |
CYS Investments, Inc. | 18,511 | 163,082 |
E*TRADE Financial Corp. * | 65,141 | 1,718,420 |
Eaton Vance Corp. | 57,540 | 2,303,326 |
Evercore Partners, Inc., Class A | 10,454 | 535,663 |
EZCORP, Inc., Class A * | 168,371 | 1,742,640 |
FactSet Research Systems, Inc. | 8,377 | 1,491,357 |
Federated Investors, Inc., Class B | 60,168 | 1,943,426 |
First Cash Financial Services, Inc. | 16,580 | 857,518 |
Greenhill & Co., Inc. | 35,129 | 805,859 |
Invesco Mortgage Capital, Inc. | 81,687 | 1,285,753 |
Janus Capital Group, Inc. | 49,124 | 730,474 |
KCG Holdings, Inc., Class A * | 8,367 | 120,903 |
Security | Number of Shares | Value ($) |
Lazard Ltd., Class A | 34,960 | 1,294,569 |
LPL Financial Holdings, Inc. (a) | 64,869 | 1,928,555 |
MarketAxess Holdings, Inc. | 4,203 | 708,374 |
MFA Financial, Inc. | 216,126 | 1,668,493 |
Morningstar, Inc. | 6,872 | 570,857 |
MSCI, Inc. | 18,279 | 1,647,304 |
Nelnet, Inc., Class A | 18,738 | 663,325 |
New Residential Investment Corp. | 89,844 | 1,289,261 |
OneMain Holdings, Inc. * | 19,739 | 612,106 |
PennyMac Mortgage Investment Trust | 58,936 | 898,185 |
PRA Group, Inc. * | 19,513 | 624,026 |
Raymond James Financial, Inc. | 35,913 | 2,089,059 |
Redwood Trust, Inc. | 60,913 | 901,512 |
Santander Consumer USA Holdings, Inc. * | 118,627 | 1,492,328 |
SEI Investments Co. | 41,251 | 1,901,671 |
Starwood Property Trust, Inc. | 56,025 | 1,282,973 |
Stifel Financial Corp. * | 19,415 | 763,980 |
Two Harbors Investment Corp. | 114,411 | 1,018,258 |
Waddell & Reed Financial, Inc., Class A | 74,853 | 1,392,266 |
Western Asset Mortgage Capital Corp. | 42,639 | 451,121 |
World Acceptance Corp. * | 29,551 | 1,421,699 |
46,923,684 | ||
Energy 4.3% | ||
Alon USA Energy, Inc. | 74,056 | 605,778 |
Antero Resources Corp. * | 7,049 | 180,172 |
Archrock, Inc. | 165,063 | 1,818,994 |
Atwood Oceanics, Inc. (a) | 109,347 | 863,841 |
Bill Barrett Corp. * | 185,237 | 1,229,974 |
Bristow Group, Inc. | 71,962 | 821,086 |
CARBO Ceramics, Inc. (a) | 48,784 | 611,264 |
Carrizo Oil & Gas, Inc. * | 3,395 | 129,995 |
Continental Resources, Inc. * | 20,264 | 971,862 |
CVR Energy, Inc. (a) | 31,108 | 453,866 |
Dril-Quip, Inc. * | 16,003 | 889,287 |
EP Energy Corp., Class A *(a) | 31,993 | 131,811 |
Forum Energy Technologies, Inc. * | 47,537 | 835,225 |
Golar LNG Ltd. | 38,903 | 810,350 |
Green Plains, Inc. | 62,655 | 1,521,263 |
Gulfport Energy Corp. * | 4,154 | 118,804 |
Helix Energy Solutions Group, Inc. * | 167,798 | 1,258,485 |
Hornbeck Offshore Services, Inc. * | 50,224 | 274,725 |
Laredo Petroleum, Inc. * | 10,803 | 132,661 |
Matrix Service Co. * | 28,262 | 522,564 |
McDermott International, Inc. * | 394,617 | 2,063,847 |
Newpark Resources, Inc. * | 147,634 | 1,042,296 |
Nordic American Tankers Ltd. (a) | 34,788 | 356,925 |
Oasis Petroleum, Inc. * | 79,428 | 752,977 |
Oil States International, Inc. * | 53,798 | 1,668,814 |
PDC Energy, Inc. * | 9,596 | 637,174 |
Pioneer Energy Services Corp. * | 232,088 | 772,853 |
Range Resources Corp. | 60,014 | 2,314,740 |
Renewable Energy Group, Inc. * | 74,958 | 672,373 |
REX American Resources Corp. * | 1,718 | 138,196 |
Rowan Cos. plc, Class A | 107,611 | 1,340,833 |
RPC, Inc. * | 58,816 | 901,649 |
SEACOR Holdings, Inc. * | 32,096 | 1,886,603 |
Security | Number of Shares | Value ($) |
SemGroup Corp., Class A | 25,130 | 781,543 |
Ship Finance International Ltd. (a) | 45,150 | 681,314 |
Targa Resources Corp. | 44,352 | 1,932,860 |
Teekay Corp. | 86,072 | 622,301 |
Tesco Corp. | 64,960 | 442,378 |
TETRA Technologies, Inc. * | 89,243 | 539,920 |
Tidewater, Inc. (a) | 228,644 | 747,666 |
Unit Corp. * | 125,263 | 2,140,745 |
US Silica Holdings, Inc. | 21,471 | 842,737 |
W&T Offshore, Inc. *(a) | 236,617 | 404,615 |
WPX Energy, Inc. * | 301,708 | 3,620,496 |
41,487,862 | ||
Food & Staples Retailing 0.9% | ||
Ingles Markets, Inc., Class A | 22,293 | 843,344 |
Performance Food Group Co. * | 8,008 | 205,806 |
PriceSmart, Inc. | 9,707 | 810,826 |
Rite Aid Corp. * | 229,096 | 1,725,093 |
SpartanNash Co. | 50,949 | 1,631,387 |
Sprouts Farmers Market, Inc. * | 26,564 | 598,487 |
SUPERVALU, Inc. * | 235,857 | 1,292,496 |
The Andersons, Inc. | 45,238 | 1,671,544 |
8,778,983 | ||
Food, Beverage & Tobacco 2.4% | ||
B&G Foods, Inc. | 20,138 | 956,152 |
Cal-Maine Foods, Inc. (a) | 15,236 | 699,942 |
Darling Ingredients, Inc. * | 107,463 | 1,513,079 |
Dean Foods Co. | 62,466 | 1,075,040 |
Flowers Foods, Inc. | 99,372 | 1,481,636 |
Fresh Del Monte Produce, Inc. | 41,439 | 2,410,507 |
J&J Snack Foods Corp. | 6,223 | 759,206 |
Lancaster Colony Corp. | 10,292 | 1,384,583 |
Pilgrim's Pride Corp. | 39,326 | 907,644 |
Pinnacle Foods, Inc. | 32,079 | 1,624,801 |
Sanderson Farms, Inc. | 21,775 | 2,095,408 |
Snyder's-Lance, Inc. | 28,176 | 995,740 |
The Boston Beer Co., Inc., Class A * | 2,659 | 485,666 |
The Hain Celestial Group, Inc. * | 20,153 | 740,623 |
The WhiteWave Foods Co. * | 29,710 | 1,646,825 |
TreeHouse Foods, Inc. * | 16,304 | 1,544,478 |
Universal Corp. | 38,128 | 2,294,162 |
Vector Group Ltd. | 33,858 | 755,372 |
23,370,864 | ||
Health Care Equipment & Services 3.6% | ||
Air Methods Corp. * | 17,426 | 613,047 |
Alere, Inc. * | 22,011 | 861,290 |
Align Technology, Inc. * | 7,996 | 742,828 |
Allscripts Healthcare Solutions, Inc. * | 147,495 | 1,904,160 |
Amedisys, Inc. * | 15,273 | 735,089 |
Amsurg Corp. * | 11,868 | 770,471 |
Analogic Corp. | 6,984 | 621,576 |
Brookdale Senior Living, Inc. * | 70,675 | 1,216,317 |
Chemed Corp. | 11,024 | 1,487,468 |
CONMED Corp. | 14,827 | 604,942 |
Envision Healthcare Holdings, Inc. * | 62,324 | 1,337,473 |
Haemonetics Corp. * | 23,754 | 882,699 |
Halyard Health, Inc. * | 55,917 | 2,038,175 |
HealthSouth Corp. | 36,301 | 1,477,814 |
Security | Number of Shares | Value ($) |
Hill-Rom Holdings, Inc. | 30,665 | 1,818,741 |
HMS Holdings Corp. * | 6,590 | 143,728 |
Hologic, Inc. * | 7,808 | 299,983 |
IMS Health Holdings, Inc. * | 30,115 | 898,029 |
Integer Holdings Corp. * | 11,319 | 273,920 |
Invacare Corp. | 64,511 | 765,746 |
Kindred Healthcare, Inc. | 127,308 | 1,405,480 |
LHC Group, Inc. * | 2,277 | 80,970 |
Masimo Corp. * | 17,416 | 1,029,982 |
Molina Healthcare, Inc. * | 20,997 | 1,129,849 |
PharMerica Corp. * | 34,779 | 878,518 |
Quality Systems, Inc. | 39,825 | 468,740 |
Select Medical Holdings Corp. * | 121,493 | 1,443,337 |
Team Health Holdings, Inc. * | 11,925 | 397,102 |
Teleflex, Inc. | 10,785 | 1,974,626 |
The Cooper Cos., Inc. | 11,288 | 2,098,665 |
Triple-S Management Corp., Class B * | 39,516 | 865,005 |
VCA, Inc. * | 25,268 | 1,789,227 |
West Pharmaceutical Services, Inc. | 17,614 | 1,441,354 |
34,496,351 | ||
Household & Personal Products 0.6% | ||
Central Garden & Pet Co., Class A * | 11,462 | 277,953 |
Edgewell Personal Care Co. * | 37,071 | 2,966,051 |
Energizer Holdings, Inc. | 9,585 | 473,691 |
HRG Group, Inc. * | 14,198 | 229,582 |
Spectrum Brands Holdings, Inc. | 6,490 | 870,958 |
WD-40 Co. | 5,075 | 600,626 |
5,418,861 | ||
Insurance 4.0% | ||
Allied World Assurance Co. Holdings AG | 58,220 | 2,361,403 |
Ambac Financial Group, Inc. * | 79,007 | 1,433,187 |
American Equity Investment Life Holding Co. | 63,535 | 1,119,487 |
American National Insurance Co. | 1,059 | 123,712 |
AmTrust Financial Services, Inc. | 16,235 | 430,065 |
Argo Group International Holdings Ltd. | 19,494 | 1,106,090 |
Aspen Insurance Holdings Ltd. | 47,277 | 2,172,851 |
Brown & Brown, Inc. | 41,430 | 1,552,382 |
CNA Financial Corp. | 15,845 | 527,797 |
Employers Holdings, Inc. | 25,506 | 777,168 |
Endurance Specialty Holdings Ltd. | 33,910 | 2,232,973 |
Erie Indemnity Co., Class A | 4,778 | 487,499 |
Horace Mann Educators Corp. | 16,968 | 620,180 |
Infinity Property & Casualty Corp. | 9,568 | 806,200 |
James River Group Holdings Ltd. | 2,936 | 107,281 |
Kemper Corp. | 51,875 | 1,942,719 |
Maiden Holdings Ltd. | 33,187 | 458,312 |
Markel Corp. * | 2,163 | 2,013,991 |
MBIA, Inc. * | 170,829 | 1,376,882 |
Mercury General Corp. | 23,052 | 1,251,724 |
Old Republic International Corp. | 132,911 | 2,555,879 |
Primerica, Inc. | 46,183 | 2,629,198 |
ProAssurance Corp. | 30,304 | 1,667,326 |
RLI Corp. | 21,195 | 1,504,421 |
Safety Insurance Group, Inc. | 12,076 | 802,450 |
Security | Number of Shares | Value ($) |
Selective Insurance Group, Inc. | 20,721 | 826,768 |
Stewart Information Services Corp. | 22,174 | 1,015,126 |
The Hanover Insurance Group, Inc. | 22,519 | 1,760,986 |
Validus Holdings Ltd. | 60,068 | 3,050,854 |
38,714,911 | ||
Materials 7.3% | ||
A. Schulman, Inc. | 36,219 | 923,584 |
AK Steel Holding Corp. * | 26,378 | 117,646 |
Axalta Coating Systems Ltd. * | 26,840 | 768,161 |
Berry Plastics Group, Inc. * | 34,698 | 1,574,942 |
Boise Cascade Co. * | 49,682 | 1,303,656 |
Calgon Carbon Corp. | 34,081 | 494,174 |
Carpenter Technology Corp. | 40,125 | 1,455,735 |
Century Aluminum Co. * | 79,253 | 497,709 |
Chemtura Corp. * | 58,414 | 1,751,836 |
Clearwater Paper Corp. * | 23,812 | 1,478,011 |
Cliffs Natural Resources, Inc. * | 1,553,089 | 8,852,607 |
Compass Minerals International, Inc. | 17,611 | 1,312,548 |
Crown Holdings, Inc. * | 47,459 | 2,573,702 |
Eagle Materials, Inc. | 10,280 | 826,204 |
Ferro Corp. * | 37,377 | 498,609 |
Greif, Inc., Class A | 51,698 | 2,203,886 |
H.B. Fuller Co. | 28,221 | 1,339,933 |
Hecla Mining Co. | 202,532 | 1,130,129 |
Innophos Holdings, Inc. | 25,997 | 1,097,593 |
Innospec, Inc. | 12,449 | 737,977 |
Kaiser Aluminum Corp. | 14,218 | 1,211,800 |
KapStone Paper & Packaging Corp. | 47,224 | 826,892 |
Koppers Holdings, Inc. * | 31,414 | 1,025,353 |
Kraton Performance Polymers, Inc. * | 35,946 | 1,296,213 |
Louisiana-Pacific Corp. * | 48,734 | 949,338 |
Martin Marietta Materials, Inc. | 12,564 | 2,299,589 |
Materion Corp. | 32,922 | 965,931 |
Minerals Technologies, Inc. | 19,020 | 1,342,241 |
Neenah Paper, Inc. | 7,801 | 627,434 |
NewMarket Corp. | 4,407 | 1,912,418 |
Olin Corp. | 91,392 | 1,977,723 |
P.H. Glatfelter Co. | 57,984 | 1,285,505 |
Platform Specialty Products Corp. * | 11,103 | 100,482 |
PolyOne Corp. | 46,617 | 1,606,888 |
Quaker Chemical Corp. | 6,219 | 621,900 |
Royal Gold, Inc. | 11,462 | 840,394 |
Schnitzer Steel Industries, Inc., Class A | 102,090 | 1,917,250 |
Schweitzer-Mauduit International, Inc. | 23,298 | 915,145 |
Sensient Technologies Corp. | 25,406 | 1,860,481 |
Silgan Holdings, Inc. | 33,591 | 1,616,399 |
Southern Copper Corp. | 96,645 | 2,495,374 |
Stepan Co. | 19,535 | 1,372,529 |
Stillwater Mining Co. * | 51,475 | 651,159 |
SunCoke Energy, Inc. | 148,807 | 970,222 |
The Scotts Miracle-Gro Co., Class A | 25,085 | 2,077,038 |
TimkenSteel Corp. * | 35,863 | 353,251 |
Trinseo S.A. | 3,595 | 208,007 |
Tronox Ltd., Class A | 187,822 | 1,714,815 |
W.R. Grace & Co. | 13,350 | 1,043,035 |
Westlake Chemical Corp. | 22,797 | 1,181,341 |
Worthington Industries, Inc. | 45,437 | 1,949,247 |
70,154,036 |
Security | Number of Shares | Value ($) |
Media 1.9% | ||
AMC Networks, Inc., Class A * | 11,855 | 644,201 |
Cable One, Inc. | 500 | 270,560 |
Cinemark Holdings, Inc. | 65,127 | 2,517,159 |
Gannett Co., Inc. | 34,086 | 406,646 |
John Wiley & Sons, Inc., Class A | 27,650 | 1,607,294 |
Lions Gate Entertainment Corp. (a) | 18,986 | 397,947 |
Live Nation Entertainment, Inc. * | 55,750 | 1,489,640 |
Loral Space & Communications, Inc. * | 18,812 | 685,886 |
Media General, Inc. * | 6,590 | 116,445 |
Meredith Corp. | 22,476 | 1,192,127 |
National CineMedia, Inc. | 49,296 | 736,975 |
Regal Entertainment Group, Class A (a) | 62,354 | 1,333,128 |
Scholastic Corp. | 32,321 | 1,301,243 |
Sinclair Broadcast Group, Inc., Class A | 25,609 | 729,344 |
Sirius XM Holdings, Inc. * | 566,584 | 2,345,658 |
Starz, Class A * | 30,287 | 944,652 |
The New York Times Co., Class A | 67,448 | 872,777 |
Tribune Media Co., Class A | 28,002 | 1,066,316 |
18,657,998 | ||
Pharmaceuticals, Biotechnology & Life Sciences 2.1% | ||
Alexion Pharmaceuticals, Inc. * | 8,951 | 1,126,573 |
Bio-Rad Laboratories, Inc., Class A * | 9,686 | 1,441,374 |
Bio-Techne Corp. | 9,502 | 1,001,036 |
Bruker Corp. | 28,228 | 631,178 |
Catalent, Inc. * | 3,595 | 90,702 |
Charles River Laboratories International, Inc. * | 21,377 | 1,778,780 |
Endo International plc * | 22,989 | 475,872 |
Illumina, Inc. * | 8,790 | 1,479,709 |
Impax Laboratories, Inc. * | 19,712 | 476,833 |
Mallinckrodt plc * | 22,996 | 1,714,122 |
Myriad Genetics, Inc. * | 29,290 | 596,344 |
PAREXEL International Corp. * | 13,052 | 887,928 |
PDL BioPharma, Inc. | 298,483 | 868,586 |
PerkinElmer, Inc. | 37,810 | 2,013,382 |
Prestige Brands Holdings, Inc. * | 9,068 | 436,443 |
QIAGEN N.V. * | 56,554 | 1,499,247 |
Quintiles Transnational Holdings, Inc. * | 26,205 | 2,025,646 |
Regeneron Pharmaceuticals, Inc. * | 1,895 | 743,882 |
United Therapeutics Corp. * | 8,462 | 1,034,733 |
Vertex Pharmaceuticals, Inc. * | 1,059 | 100,086 |
VWR Corp. * | 6,949 | 193,947 |
20,616,403 | ||
Real Estate 9.8% | ||
Acadia Realty Trust | 2,936 | 108,456 |
Alexandria Real Estate Equities, Inc. | 17,974 | 1,978,758 |
Altisource Portfolio Solutions S.A. * | 17,733 | 577,741 |
American Campus Communities, Inc. | 30,564 | 1,531,562 |
Apartment Investment & Management Co., Class A | 34,190 | 1,544,704 |
Apple Hospitality REIT, Inc. | 20,947 | 410,980 |
Ashford Hospitality Trust, Inc. | 30,232 | 210,717 |
Brandywine Realty Trust | 83,450 | 1,346,048 |
Brixmor Property Group, Inc. | 45,403 | 1,296,710 |
Security | Number of Shares | Value ($) |
Camden Property Trust | 24,658 | 2,164,233 |
Care Capital Properties, Inc. | 5,731 | 171,873 |
CBL & Associates Properties, Inc. | 125,188 | 1,786,433 |
Chesapeake Lodging Trust | 5,372 | 136,879 |
Columbia Property Trust, Inc. | 81,906 | 1,931,343 |
Corporate Office Properties Trust | 47,526 | 1,355,441 |
Cousins Properties, Inc. | 9,685 | 106,729 |
CubeSmart | 19,037 | 524,089 |
DCT Industrial Trust, Inc. | 19,569 | 953,206 |
DDR Corp. | 72,795 | 1,376,553 |
DiamondRock Hospitality Co. | 88,998 | 942,489 |
Douglas Emmett, Inc. | 36,813 | 1,382,696 |
DuPont Fabros Technology, Inc. | 14,444 | 612,426 |
EastGroup Properties, Inc. | 10,350 | 759,483 |
EPR Properties | 16,999 | 1,331,362 |
Equinix, Inc. | 7,080 | 2,610,042 |
Equity Commonwealth * | 67,096 | 2,099,434 |
Equity LifeStyle Properties, Inc. | 13,836 | 1,072,705 |
Equity One, Inc. | 19,407 | 602,393 |
Essex Property Trust, Inc. | 7,410 | 1,682,811 |
Extra Space Storage, Inc. | 11,329 | 912,551 |
Federal Realty Investment Trust | 12,850 | 2,043,150 |
First Industrial Realty Trust, Inc. | 5,472 | 157,429 |
Franklin Street Properties Corp. | 46,812 | 587,959 |
Gaming & Leisure Properties, Inc. | 8,826 | 301,937 |
Government Properties Income Trust | 35,187 | 819,857 |
Gramercy Property Trust | 60,950 | 589,996 |
Healthcare Realty Trust, Inc. | 33,782 | 1,184,397 |
Healthcare Trust of America, Inc., Class A | 31,517 | 1,063,384 |
Hersha Hospitality Trust | 25,101 | 490,474 |
Highwoods Properties, Inc. | 32,045 | 1,699,667 |
Investors Real Estate Trust | 73,514 | 488,133 |
Kilroy Realty Corp. | 17,017 | 1,235,945 |
Lamar Advertising Co., Class A | 20,345 | 1,268,104 |
LaSalle Hotel Properties | 42,661 | 1,197,068 |
Lexington Realty Trust | 106,060 | 1,144,387 |
Liberty Property Trust | 65,046 | 2,681,847 |
Life Storage, Inc. | 6,527 | 587,430 |
Mack-Cali Realty Corp. | 75,281 | 2,089,801 |
Medical Properties Trust, Inc. | 48,344 | 738,213 |
Mid-America Apartment Communities, Inc. | 14,190 | 1,333,718 |
Monogram Residential Trust, Inc. | 13,798 | 145,155 |
National Retail Properties, Inc. | 27,617 | 1,383,612 |
NorthStar Realty Finance Corp. | 56,968 | 759,953 |
Omega Healthcare Investors, Inc. | 31,740 | 1,148,988 |
Outfront Media, Inc. | 84,707 | 1,890,660 |
Paramount Group, Inc. | 12,021 | 216,378 |
Pebblebrook Hotel Trust | 5,272 | 158,371 |
Pennsylvania Real Estate Investment Trust | 28,758 | 721,538 |
Piedmont Office Realty Trust, Inc., Class A | 96,656 | 2,088,736 |
Post Properties, Inc. | 11,972 | 793,504 |
Potlatch Corp. | 24,728 | 936,449 |
PS Business Parks, Inc. | 6,213 | 688,276 |
RAIT Financial Trust | 33,986 | 106,716 |
Rayonier, Inc. | 93,392 | 2,571,082 |
Realogy Holdings Corp. | 60,291 | 1,618,210 |
Realty Income Corp. | 32,173 | 2,114,731 |
Regency Centers Corp. | 22,303 | 1,796,284 |
Security | Number of Shares | Value ($) |
Retail Properties of America, Inc., Class A | 100,630 | 1,710,710 |
RLJ Lodging Trust | 48,499 | 1,131,967 |
Ryman Hospitality Properties, Inc. | 18,953 | 1,022,704 |
Sabra Health Care REIT, Inc. | 32,528 | 828,813 |
Senior Housing Properties Trust | 110,774 | 2,474,691 |
Spirit Realty Capital, Inc. | 61,210 | 811,032 |
Sun Communities, Inc. | 9,042 | 691,894 |
Sunstone Hotel Investors, Inc. | 48,528 | 674,054 |
Tanger Factory Outlet Centers, Inc. | 26,201 | 1,064,809 |
Taubman Centers, Inc. | 18,112 | 1,406,759 |
The Geo Group, Inc. | 42,872 | 859,155 |
Tier REIT, Inc. | 7,808 | 125,084 |
UDR, Inc. | 58,130 | 2,103,143 |
VEREIT, Inc. | 30,352 | 317,178 |
Washington Prime Group, Inc. | 33,127 | 455,165 |
Washington Real Estate Investment Trust | 30,848 | 1,002,560 |
Weingarten Realty Investors | 41,413 | 1,708,286 |
WP Carey, Inc. | 18,397 | 1,226,160 |
Xenia Hotels & Resorts, Inc. | 15,316 | 257,921 |
94,234,471 | ||
Retailing 5.4% | ||
Aaron's, Inc. | 95,856 | 2,335,052 |
Asbury Automotive Group, Inc. * | 22,794 | 1,224,494 |
Ascena Retail Group, Inc. * | 212,804 | 1,732,225 |
Barnes & Noble Education, Inc. * | 27,396 | 306,561 |
Barnes & Noble, Inc. | 108,780 | 1,246,619 |
Burlington Stores, Inc. * | 32,492 | 2,639,000 |
Cabela's, Inc. * | 19,494 | 955,011 |
Caleres, Inc. | 42,263 | 1,096,302 |
DSW, Inc., Class A | 72,521 | 1,736,878 |
Express, Inc. * | 85,338 | 1,009,549 |
Five Below, Inc. * | 16,798 | 748,519 |
Fred's, Inc., Class A | 92,129 | 1,041,979 |
Genesco, Inc. * | 26,685 | 1,938,398 |
Group 1 Automotive, Inc. | 32,230 | 1,912,528 |
Hibbett Sports, Inc. * | 24,024 | 921,801 |
HSN, Inc. | 25,912 | 1,082,603 |
Lands' End, Inc. *(a) | 26,816 | 471,962 |
Liberty TripAdvisor Holdings, Inc., Class A * | 21,232 | 441,838 |
Lithia Motors, Inc., Class A | 9,483 | 784,908 |
Lumber Liquidators Holdings, Inc. *(a) | 48,996 | 772,177 |
Monro Muffler Brake, Inc. | 8,947 | 504,700 |
Netflix, Inc. * | 14,333 | 1,396,751 |
Nutrisystem, Inc. | 22,012 | 634,386 |
Outerwall, Inc. | 40,816 | 2,120,799 |
Penske Automotive Group, Inc. | 38,194 | 1,730,188 |
Pier 1 Imports, Inc. | 245,396 | 1,131,276 |
Pool Corp. | 16,390 | 1,653,259 |
Rent-A-Center, Inc. | 201,616 | 2,463,748 |
Restoration Hardware Holdings, Inc. *(a) | 9,465 | 319,254 |
Sally Beauty Holdings, Inc. * | 69,954 | 1,904,148 |
Select Comfort Corp. * | 28,965 | 760,331 |
Shoe Carnival, Inc. | 4,972 | 147,470 |
Shutterfly, Inc. * | 10,217 | 513,098 |
Sonic Automotive, Inc., Class A | 63,631 | 1,084,272 |
Security | Number of Shares | Value ($) |
Stage Stores, Inc. | 145,719 | 783,968 |
The Buckle, Inc. (a) | 42,650 | 1,099,090 |
The Cato Corp., Class A | 24,448 | 838,077 |
The Children's Place, Inc. | 24,924 | 2,028,814 |
The Finish Line, Inc., Class A | 75,584 | 1,819,307 |
The Michaels Cos., Inc. * | 18,536 | 444,123 |
TripAdvisor, Inc. * | 10,676 | 651,236 |
Tuesday Morning Corp. * | 68,834 | 459,123 |
Ulta Salon, Cosmetics & Fragrance, Inc. * | 9,597 | 2,372,474 |
Vitamin Shoppe, Inc. * | 25,768 | 714,289 |
Zumiez, Inc. * | 26,866 | 448,662 |
52,421,247 | ||
Semiconductors & Semiconductor Equipment 2.9% | ||
Advanced Energy Industries, Inc. * | 3,784 | 166,307 |
Advanced Micro Devices, Inc. * | 630,597 | 4,666,418 |
Amkor Technology, Inc. * | 153,827 | 1,399,826 |
Brooks Automation, Inc. | 46,203 | 582,620 |
Cabot Microelectronics Corp. | 21,580 | 1,072,958 |
Cirrus Logic, Inc. * | 25,570 | 1,297,677 |
Cree, Inc. * | 51,862 | 1,245,207 |
Cypress Semiconductor Corp. | 112,246 | 1,339,095 |
Diodes, Inc. * | 23,658 | 487,118 |
Entegris, Inc. * | 53,563 | 912,713 |
Fairchild Semiconductor International, Inc. * | 85,263 | 1,696,734 |
First Solar, Inc. * | 36,748 | 1,389,809 |
Integrated Device Technology, Inc. * | 32,605 | 655,034 |
Intersil Corp., Class A | 82,948 | 1,637,393 |
Microsemi Corp. * | 23,271 | 929,909 |
MKS Instruments, Inc. | 23,416 | 1,141,296 |
ON Semiconductor Corp. * | 196,476 | 2,121,941 |
Photronics, Inc. * | 57,889 | 553,419 |
Power Integrations, Inc. | 2,077 | 121,297 |
Qorvo, Inc. * | 9,944 | 571,084 |
Silicon Laboratories, Inc. * | 18,647 | 1,068,473 |
Synaptics, Inc. * | 8,314 | 473,648 |
Teradyne, Inc. | 85,163 | 1,793,533 |
Tessera Technologies, Inc. | 3,754 | 125,909 |
Veeco Instruments, Inc. * | 42,688 | 839,673 |
28,289,091 | ||
Software & Services 6.0% | ||
ACI Worldwide, Inc. * | 26,089 | 498,300 |
Acxiom Corp. * | 49,286 | 1,280,943 |
ANSYS, Inc. * | 13,704 | 1,303,113 |
Cadence Design Systems, Inc. * | 37,342 | 949,980 |
Cardtronics plc, Class A * | 12,703 | 570,492 |
CDK Global, Inc. | 9,203 | 533,590 |
Cimpress N.V. * | 10,804 | 1,072,513 |
CommVault Systems, Inc. * | 2,177 | 112,203 |
Convergys Corp. | 82,189 | 2,451,698 |
CoreLogic, Inc. * | 62,400 | 2,559,648 |
CSG Systems International, Inc. | 17,804 | 778,391 |
DST Systems, Inc. | 20,612 | 2,504,564 |
EarthLink Holdings Corp. | 128,262 | 817,029 |
EPAM Systems, Inc. * | 1,318 | 89,901 |
Euronet Worldwide, Inc. * | 10,355 | 803,652 |
Fair Isaac Corp. | 11,969 | 1,531,314 |
Security | Number of Shares | Value ($) |
First Data Corp., Class A * | 41,094 | 572,028 |
FleetCor Technologies, Inc. * | 5,765 | 946,613 |
Gartner, Inc. * | 15,536 | 1,413,776 |
Genpact Ltd. * | 57,248 | 1,354,488 |
j2 Global, Inc. | 9,104 | 620,620 |
Jack Henry & Associates, Inc. | 20,070 | 1,751,509 |
LinkedIn Corp., Class A * | 3,865 | 744,979 |
Manhattan Associates, Inc. * | 10,418 | 630,497 |
ManTech International Corp., Class A | 42,123 | 1,686,605 |
MAXIMUS, Inc. | 20,041 | 1,178,812 |
Mentor Graphics Corp. | 40,851 | 980,832 |
Monster Worldwide, Inc. * | 212,147 | 776,458 |
NeuStar, Inc., Class A * | 65,458 | 1,663,288 |
Nuance Communications, Inc. * | 46,252 | 674,354 |
Progress Software Corp. * | 44,025 | 1,277,165 |
PTC, Inc. * | 33,322 | 1,421,850 |
Rackspace Hosting, Inc. * | 45,559 | 1,432,830 |
Red Hat, Inc. * | 22,522 | 1,643,656 |
Rovi Corp. * | 57,062 | 1,168,059 |
Sabre Corp. | 4,154 | 116,935 |
salesforce.com, Inc. * | 18,101 | 1,437,581 |
Science Applications International Corp. | 43,308 | 2,763,483 |
SS&C Technologies Holdings, Inc. | 15,046 | 495,766 |
Sykes Enterprises, Inc. * | 28,851 | 843,315 |
Synopsys, Inc. * | 35,003 | 2,075,328 |
Take-Two Interactive Software, Inc. * | 41,774 | 1,815,916 |
TiVo, Inc. * | 14,657 | 155,511 |
Travelport Worldwide Ltd. | 64,681 | 888,070 |
Unisys Corp. *(a) | 101,361 | 1,023,746 |
Vantiv, Inc., Class A * | 17,078 | 917,772 |
Verint Systems, Inc. * | 13,297 | 453,694 |
VeriSign, Inc. * | 26,750 | 1,991,537 |
VMware, Inc., Class A *(a) | 14,476 | 1,061,525 |
WebMD Health Corp. * | 20,529 | 1,058,680 |
WEX, Inc. * | 8,259 | 820,201 |
Zynga, Inc., Class A * | 183,910 | 502,074 |
58,216,884 | ||
Technology Hardware & Equipment 4.5% | ||
ADTRAN, Inc. | 59,976 | 1,102,359 |
AVX Corp. | 37,615 | 516,830 |
Belden, Inc. | 19,923 | 1,486,057 |
Benchmark Electronics, Inc. * | 84,363 | 2,034,836 |
Cognex Corp. | 13,696 | 681,513 |
Coherent, Inc. * | 10,557 | 1,110,385 |
CommScope Holding Co., Inc. * | 49,121 | 1,452,508 |
Comtech Telecommunications Corp. | 44,355 | 571,736 |
Diebold, Inc. | 54,053 | 1,516,727 |
Dolby Laboratories, Inc., Class A | 31,795 | 1,556,047 |
Eastman Kodak Co. * | 11,362 | 175,997 |
EchoStar Corp., Class A * | 25,340 | 982,178 |
Electronics For Imaging, Inc. * | 10,795 | 508,229 |
ePlus, Inc. * | 2,029 | 183,645 |
Fabrinet * | 20,125 | 781,253 |
FEI Co. | 9,751 | 1,038,189 |
Finisar Corp. * | 62,929 | 1,332,836 |
Harmonic, Inc. * | 137,583 | 597,110 |
II-VI, Inc. * | 24,585 | 520,956 |
Insight Enterprises, Inc. * | 80,580 | 2,465,748 |
InterDigital, Inc. | 17,841 | 1,274,026 |
Security | Number of Shares | Value ($) |
IPG Photonics Corp. * | 5,845 | 508,398 |
Itron, Inc. * | 28,124 | 1,339,546 |
Knowles Corp. * | 79,027 | 1,098,475 |
Littelfuse, Inc. | 7,085 | 898,378 |
Lumentum Holdings, Inc. * | 4,813 | 169,033 |
Methode Electronics, Inc. | 16,158 | 592,191 |
MTS Systems Corp. | 10,387 | 516,753 |
National Instruments Corp. | 39,226 | 1,095,974 |
NETGEAR, Inc. * | 24,628 | 1,403,796 |
NetScout Systems, Inc. * | 5,472 | 161,862 |
OSI Systems, Inc. * | 7,011 | 470,158 |
Plantronics, Inc. | 20,962 | 1,061,725 |
Plexus Corp. * | 36,481 | 1,683,598 |
Polycom, Inc. * | 143,317 | 1,782,864 |
Rofin-Sinar Technologies, Inc. * | 19,621 | 628,068 |
Rogers Corp. * | 1,618 | 90,462 |
ScanSource, Inc. * | 38,616 | 1,321,053 |
Super Micro Computer, Inc. * | 15,974 | 345,518 |
Trimble Navigation Ltd. * | 70,436 | 1,929,946 |
TTM Technologies, Inc. * | 64,724 | 694,489 |
VeriFone Systems, Inc. * | 34,527 | 685,706 |
ViaSat, Inc. * | 10,077 | 756,178 |
Viavi Solutions, Inc. * | 126,148 | 981,431 |
Zebra Technologies Corp., Class A * | 21,460 | 1,501,342 |
43,606,109 | ||
Telecommunication Services 1.0% | ||
ATN International, Inc. | 1,418 | 92,652 |
Cincinnati Bell, Inc. * | 271,669 | 1,135,576 |
Consolidated Communications Holdings, Inc. | 33,365 | 802,428 |
General Communication, Inc., Class A * | 27,004 | 375,356 |
Inteliquent, Inc. | 29,276 | 487,153 |
Iridium Communications, Inc. * | 62,253 | 518,568 |
SBA Communications Corp., Class A * | 15,974 | 1,823,432 |
Spok Holdings, Inc. | 6,131 | 101,468 |
Vonage Holdings Corp. * | 122,707 | 712,928 |
Windstream Holdings, Inc. (a) | 315,712 | 2,686,709 |
Zayo Group Holdings, Inc. * | 18,534 | 537,671 |
9,273,941 | ||
Transportation 2.8% | ||
Allegiant Travel Co. | 4,838 | 668,805 |
AMERCO | 2,279 | 783,315 |
ArcBest Corp. | 48,161 | 881,828 |
Atlas Air Worldwide Holdings, Inc. * | 25,607 | 951,044 |
Copa Holdings S.A., Class A (a) | 33,972 | 2,596,480 |
Echo Global Logistics, Inc. * | 4,813 | 124,175 |
Forward Air Corp. | 14,830 | 683,366 |
Genesee & Wyoming, Inc., Class A * | 15,209 | 1,034,060 |
Hawaiian Holdings, Inc. * | 16,803 | 789,405 |
Heartland Express, Inc. | 31,265 | 594,973 |
Hub Group, Inc., Class A * | 39,010 | 1,589,657 |
Kirby Corp. * | 26,734 | 1,392,841 |
Knight Transportation, Inc. | 35,507 | 997,747 |
Landstar System, Inc. | 29,505 | 2,042,631 |
Macquarie Infrastructure Corp. | 13,118 | 1,048,653 |
Marten Transport Ltd. | 23,668 | 510,519 |
Security | Number of Shares | Value ($) |
Matson, Inc. | 18,736 | 723,022 |
Old Dominion Freight Line, Inc. * | 21,860 | 1,554,902 |
Roadrunner Transportation Systems, Inc. * | 16,793 | 140,054 |
Saia, Inc. * | 23,106 | 703,116 |
SkyWest, Inc. | 99,070 | 2,796,746 |
Spirit Airlines, Inc. * | 22,590 | 903,374 |
Swift Transportation Co. * | 55,042 | 1,024,332 |
United Continental Holdings, Inc. * | 30,357 | 1,530,296 |
Werner Enterprises, Inc. | 49,470 | 1,141,768 |
27,207,109 | ||
Utilities 4.1% | ||
ALLETE, Inc. | 23,721 | 1,406,655 |
American States Water Co. | 14,476 | 564,275 |
Aqua America, Inc. | 52,173 | 1,586,581 |
Avangrid, Inc. | 3,395 | 141,232 |
Avista Corp. | 43,232 | 1,756,084 |
Black Hills Corp. | 32,241 | 1,886,421 |
California Water Service Group | 23,931 | 729,656 |
Dynegy, Inc. * | 63,037 | 798,679 |
El Paso Electric Co. | 29,956 | 1,368,690 |
Hawaiian Electric Industries, Inc. | 73,041 | 2,191,960 |
IDACORP, Inc. | 22,588 | 1,718,269 |
ITC Holdings Corp. | 38,997 | 1,763,444 |
MGE Energy, Inc. | 16,267 | 893,709 |
New Jersey Resources Corp. | 47,472 | 1,596,958 |
Northwest Natural Gas Co. | 19,568 | 1,168,797 |
NorthWestern Corp. | 22,415 | 1,296,035 |
ONE Gas, Inc. | 25,535 | 1,563,508 |
Otter Tail Corp. | 30,755 | 1,053,051 |
Piedmont Natural Gas Co., Inc. | 28,910 | 1,737,491 |
PNM Resources, Inc. | 66,593 | 2,116,991 |
Portland General Electric Co. | 55,489 | 2,336,642 |
Questar Corp. | 92,408 | 2,311,124 |
South Jersey Industries, Inc. | 33,785 | 1,002,739 |
Southwest Gas Corp. | 31,835 | 2,222,720 |
Spire, Inc. | 16,801 | 1,087,025 |
The Empire District Electric Co. | 33,243 | 1,124,278 |
WGL Holdings, Inc. | 31,093 | 1,953,884 |
39,376,898 | ||
Total Common Stock | ||
(Cost $897,452,361) | 960,788,063 | |
Rights 0.0% of net assets | ||
Telecommunication Services 0.0% | ||
Leap Wireless CVR *(b)(c) | 5,940 | 17,820 |
Total Rights | ||
(Cost $14,969) | 17,820 | |
Other Investment Companies 1.9% of net assets | ||
Money Market Fund 0.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.26% (d) | 270,889 | 270,889 |
Security | Number of Shares | Value ($) |
Securities Lending Collateral 1.9% | ||
Wells Fargo Government Money Market Fund, Select Class 0.32% (d) | 17,806,970 | 17,806,970 |
Total Other Investment Companies | ||
(Cost $18,077,859) | 18,077,859 |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $17,137,092. |
(b) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. |
(c) | Illiquid security. At the period end, the value of these amounted to $17,820 or 0.0% of net assets. |
(d) | The rate shown is the 7-day yield. |
CVR — | Contingent Value Rights |
REIT — | Real Estate Investment Trust |
Number of Contracts | Contract Value ($) | Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
Russell 2000 Index, e-mini, Long, expires 09/16/16 | 25 | 3,097,000 | (11,099) |
Holdings by Category | Cost ($) | Value ($) | |
98.8% | Common Stock | 1,309,030,147 | 1,268,677,126 |
0.6% | Preferred Stock | 8,262,655 | 7,509,649 |
0.5% | Other Investment Companies | 7,326,488 | 7,326,488 |
99.9% | Total Investments | 1,324,619,290 | 1,283,513,263 |
0.1% | Other Assets and Liabilities, Net | 796,613 | |
100.0% | Net Assets | 1,284,309,876 |
Security | Number of Shares | Value ($) |
Common Stock 98.8% of net assets | ||
Australia 6.3% | ||
Banks 1.9% | ||
Australia & New Zealand Banking Group Ltd. | 279,779 | 5,656,209 |
Bendigo & Adelaide Bank Ltd. | 45,280 | 373,652 |
Commonwealth Bank of Australia | 122,136 | 6,591,536 |
National Australia Bank Ltd. | 259,265 | 5,327,217 |
Westpac Banking Corp. | 288,531 | 6,388,270 |
24,336,884 | ||
Capital Goods 0.0% | ||
CIMIC Group Ltd. | 17,825 | 396,667 |
Commercial & Professional Services 0.1% | ||
Brambles Ltd. | 95,758 | 886,633 |
Downer EDI Ltd. | 176,030 | 648,247 |
1,534,880 | ||
Consumer Services 0.1% | ||
Tabcorp Holdings Ltd. | 119,851 | 447,668 |
Tatts Group Ltd. | 184,403 | 528,021 |
975,689 | ||
Diversified Financials 0.2% | ||
AMP Ltd. | 325,119 | 1,285,245 |
Macquarie Group Ltd. | 19,255 | 1,167,818 |
2,453,063 | ||
Energy 0.4% | ||
Caltex Australia Ltd. | 31,919 | 814,417 |
Origin Energy Ltd. | 311,525 | 1,231,506 |
Santos Ltd. | 233,213 | 778,205 |
Woodside Petroleum Ltd. | 83,604 | 1,798,898 |
WorleyParsons Ltd. * | 116,499 | 714,448 |
5,337,474 |
Security | Number of Shares | Value ($) |
Food & Staples Retailing 0.9% | ||
Metcash Ltd. * | 675,625 | 1,112,008 |
Wesfarmers Ltd. | 199,027 | 6,348,124 |
Woolworths Ltd. | 255,842 | 4,558,914 |
12,019,046 | ||
Food, Beverage & Tobacco 0.0% | ||
Coca-Cola Amatil Ltd. | 69,175 | 508,447 |
Health Care Equipment & Services 0.0% | ||
Sonic Healthcare Ltd. | 36,400 | 629,198 |
Insurance 0.4% | ||
Insurance Australia Group Ltd. | 190,703 | 796,875 |
Medibank Pvt Ltd. | 201,094 | 406,546 |
QBE Insurance Group Ltd. | 168,788 | 1,258,378 |
Suncorp Group Ltd. | 214,889 | 2,052,664 |
4,514,463 | ||
Materials 1.5% | ||
Amcor Ltd. | 84,315 | 1,013,871 |
Arrium Ltd. *(d)(e) | 11,076,407 | 38,459 |
BHP Billiton Ltd. | 640,131 | 9,828,681 |
BlueScope Steel Ltd. | 150,165 | 980,723 |
Boral Ltd. | 91,249 | 453,302 |
CSR Ltd. | 118,510 | 307,279 |
Fortescue Metals Group Ltd. | 298,124 | 1,097,870 |
Iluka Resources Ltd. | 61,085 | 302,078 |
Incitec Pivot Ltd. | 180,139 | 385,843 |
Newcrest Mining Ltd. * | 77,288 | 1,288,924 |
Orica Ltd. | 80,980 | 898,302 |
Rio Tinto Ltd. | 68,566 | 2,452,866 |
19,048,198 | ||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||
CSL Ltd. | 20,618 | 1,675,060 |
Real Estate 0.3% | ||
LendLease Group | 56,753 | 589,460 |
Mirvac Group | 269,880 | 470,562 |
Scentre Group | 163,349 | 610,142 |
Stockland | 216,840 | 790,386 |
Westfield Corp. | 96,856 | 743,936 |
3,204,486 | ||
Telecommunication Services 0.2% | ||
Telstra Corp., Ltd. | 541,259 | 2,139,680 |
Transportation 0.1% | ||
Aurizon Holdings Ltd. | 194,300 | 641,055 |
Transurban Group | 50,768 | 437,253 |
1,078,308 | ||
Utilities 0.1% | ||
AGL Energy Ltd. | 67,192 | 936,741 |
APA Group | 53,925 | 374,473 |
DUET Group | 149,888 | 296,265 |
1,607,479 | ||
81,459,022 | ||
Austria 0.3% | ||
Banks 0.1% | ||
Erste Group Bank AG * | 40,776 | 1,143,758 |
Raiffeisen Bank International AG * | 38,215 | 542,239 |
1,685,997 |
Security | Number of Shares | Value ($) |
Energy 0.1% | ||
OMV AG | 58,843 | 1,646,273 |
Materials 0.1% | ||
voestalpine AG | 24,284 | 802,464 |
4,134,734 | ||
Belgium 0.8% | ||
Banks 0.1% | ||
KBC Groep N.V. * | 17,457 | 1,031,825 |
Diversified Financials 0.0% | ||
Groupe Bruxelles Lambert S.A. | 5,391 | 472,352 |
Food & Staples Retailing 0.0% | ||
Colruyt S.A. | 6,980 | 382,518 |
Food, Beverage & Tobacco 0.3% | ||
Anheuser-Busch InBev N.V. | 30,911 | 3,823,131 |
Insurance 0.1% | ||
Ageas | 27,303 | 941,758 |
Materials 0.2% | ||
Solvay S.A. | 7,983 | 874,969 |
Umicore S.A. | 20,800 | 1,226,408 |
2,101,377 | ||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||
UCB S.A. | 4,883 | 400,323 |
Telecommunication Services 0.1% | ||
Proximus | 21,617 | 660,403 |
9,813,687 | ||
Canada 7.8% | ||
Automobiles & Components 0.2% | ||
Magna International, Inc. | 60,182 | 2,422,325 |
Banks 1.8% | ||
Bank of Montreal | 51,011 | 3,381,683 |
Canadian Imperial Bank of Commerce | 36,254 | 2,876,446 |
National Bank of Canada | 27,656 | 971,507 |
Royal Bank of Canada | 98,635 | 6,129,120 |
The Bank of Nova Scotia | 93,186 | 4,958,130 |
The Toronto-Dominion Bank | 110,925 | 4,947,472 |
23,264,358 | ||
Capital Goods 0.1% | ||
Bombardier, Inc., B Shares * | 479,141 | 785,148 |
Finning International, Inc. | 27,336 | 484,612 |
SNC-Lavalin Group, Inc. | 13,123 | 559,106 |
1,828,866 | ||
Diversified Financials 0.2% | ||
Brookfield Asset Management, Inc., Class A | 53,858 | 1,816,407 |
CI Financial Corp. | 19,621 | 383,881 |
IGM Financial, Inc. | 11,043 | 312,256 |
Onex Corp. | 8,640 | 527,402 |
3,039,946 | ||
Energy 2.3% | ||
ARC Resources Ltd. | 34,564 | 602,740 |
Baytex Energy Corp. * | 92,367 | 416,762 |
Cameco Corp. | 35,384 | 326,319 |
Canadian Natural Resources Ltd. | 118,943 | 3,692,350 |
Security | Number of Shares | Value ($) |
Cenovus Energy, Inc. | 146,842 | 2,120,846 |
Crescent Point Energy Corp. | 60,043 | 906,102 |
Enbridge, Inc. | 45,190 | 1,781,355 |
Encana Corp. | 266,342 | 2,541,520 |
Enerplus Corp. | 99,635 | 693,318 |
Gibson Energy, Inc. | 26,170 | 356,632 |
Husky Energy, Inc. * | 79,606 | 978,049 |
Imperial Oil Ltd. | 29,880 | 911,169 |
Inter Pipeline Ltd. | 21,029 | 457,107 |
Keyera Corp. | 10,112 | 312,057 |
Pacific Exploration & Production Corp. *(d)(e) | 239,703 | — |
Pembina Pipeline Corp. | 21,638 | 650,764 |
Pengrowth Energy Corp. | 402,170 | 579,323 |
Penn West Petroleum Ltd. (b) | 1,179,797 | 1,870,339 |
Suncor Energy, Inc. | 251,251 | 6,809,562 |
TransCanada Corp. | 64,756 | 2,935,132 |
Vermilion Energy, Inc. | 10,502 | 379,322 |
29,320,768 | ||
Food & Staples Retailing 0.4% | ||
Alimentation Couche-Tard, Inc., B Shares | 22,524 | 1,161,006 |
Empire Co., Ltd., A Shares | 40,498 | 665,784 |
George Weston Ltd. | 7,423 | 638,739 |
Loblaw Cos. Ltd. | 19,801 | 1,076,789 |
Metro, Inc. | 34,519 | 1,171,812 |
4,714,130 | ||
Food, Beverage & Tobacco 0.1% | ||
Saputo, Inc. | 19,814 | 658,428 |
Insurance 0.4% | ||
Fairfax Financial Holdings Ltd. | 768 | 434,453 |
Great-West Lifeco, Inc. | 19,520 | 465,963 |
Intact Financial Corp. | 7,280 | 528,113 |
Manulife Financial Corp. | 106,430 | 1,451,189 |
Power Corp. of Canada | 49,400 | 1,043,686 |
Power Financial Corp. | 24,244 | 558,219 |
Sun Life Financial, Inc. | 39,520 | 1,246,399 |
5,728,022 | ||
Materials 1.1% | ||
Agnico Eagle Mines Ltd. | 8,120 | 411,369 |
Agrium, Inc. | 15,446 | 1,487,562 |
Barrick Gold Corp. | 134,068 | 2,277,638 |
First Quantum Minerals Ltd. | 105,761 | 801,238 |
Goldcorp, Inc. | 66,056 | 1,004,899 |
Kinross Gold Corp. * | 145,177 | 579,801 |
Methanex Corp. | 7,672 | 222,725 |
Potash Corp. of Saskatchewan, Inc. | 106,366 | 1,926,189 |
Teck Resources Ltd., Class B | 238,973 | 3,870,414 |
West Fraser Timber Co., Ltd. | 8,020 | 269,870 |
Yamana Gold, Inc. | 199,800 | 808,611 |
13,660,316 | ||
Media 0.1% | ||
Quebecor, Inc., Class B | 11,440 | 349,726 |
Shaw Communications, Inc., B Shares | 39,316 | 785,991 |
1,135,717 | ||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||
Valeant Pharmaceuticals International, Inc. * | 8,051 | 233,728 |
Security | Number of Shares | Value ($) |
Retailing 0.1% | ||
Canadian Tire Corp., Ltd., Class A | 7,213 | 738,480 |
Dollarama, Inc. | 3,588 | 264,988 |
1,003,468 | ||
Software & Services 0.0% | ||
CGI Group, Inc., Class A * | 10,485 | 510,085 |
Technology Hardware & Equipment 0.1% | ||
BlackBerry Ltd. * | 158,456 | 1,201,659 |
Celestica, Inc. * | 33,918 | 361,399 |
1,563,058 | ||
Telecommunication Services 0.4% | ||
BCE, Inc. | 43,223 | 2,018,424 |
Rogers Communications, Inc., B Shares | 36,499 | 1,562,276 |
TELUS Corp. | 29,070 | 953,158 |
4,533,858 | ||
Transportation 0.3% | ||
Canadian National Railway Co. | 42,661 | 2,740,020 |
Canadian Pacific Railway Ltd. | 5,628 | 861,540 |
3,601,560 | ||
Utilities 0.2% | ||
Atco Ltd., Class I | 12,727 | 466,671 |
Canadian Utilities Ltd., Class A | 16,787 | 481,073 |
Emera, Inc. | 9,360 | 340,642 |
Fortis, Inc. | 20,192 | 634,823 |
TransAlta Corp. | 117,929 | 510,527 |
2,433,736 | ||
99,652,369 | ||
Denmark 0.8% | ||
Banks 0.1% | ||
Danske Bank A/S | 32,469 | 951,341 |
Capital Goods 0.0% | ||
Vestas Wind Systems A/S | 7,101 | 588,155 |
Commercial & Professional Services 0.0% | ||
ISS A/S | 8,477 | 342,753 |
Consumer Durables & Apparel 0.0% | ||
Pandora A/S | 2,135 | 265,174 |
Food, Beverage & Tobacco 0.1% | ||
Carlsberg A/S, B Shares | 11,010 | 1,030,550 |
Health Care Equipment & Services 0.0% | ||
Coloplast A/S, B Shares | 3,028 | 229,957 |
Pharmaceuticals, Biotechnology & Life Sciences 0.2% | ||
Novo Nordisk A/S, B Shares | 46,911 | 2,195,114 |
Telecommunication Services 0.1% | ||
TDC A/S * | 232,119 | 1,281,021 |
Transportation 0.3% | ||
AP Moller - Maersk A/S, A Shares | 968 | 1,377,560 |
AP Moller - Maersk A/S, B Shares | 1,064 | 1,588,214 |
DSV A/S | 9,082 | 449,710 |
3,415,484 | ||
10,299,549 |
Security | Number of Shares | Value ($) |
Finland 1.0% | ||
Automobiles & Components 0.0% | ||
Nokian Renkaat Oyj | 10,928 | 393,977 |
Capital Goods 0.2% | ||
Kone Oyj, B Shares | 14,692 | 737,163 |
Metso Oyj | 17,776 | 496,930 |
Wartsila Oyj Abp | 13,000 | 533,976 |
1,768,069 | ||
Energy 0.1% | ||
Neste Oyj | 21,076 | 876,496 |
Food & Staples Retailing 0.1% | ||
Kesko Oyj, B Shares | 21,852 | 948,925 |
Insurance 0.1% | ||
Sampo Oyj, A Shares | 26,114 | 1,119,461 |
Materials 0.2% | ||
Stora Enso Oyj, R Shares | 102,201 | 900,935 |
UPM-Kymmene Oyj | 77,906 | 1,562,688 |
2,463,623 | ||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||
Orion Oyj, Class B | 10,414 | 393,656 |
Technology Hardware & Equipment 0.2% | ||
Nokia Oyj | 519,381 | 2,915,440 |
Telecommunication Services 0.0% | ||
Elisa Oyj | 10,140 | 356,194 |
Utilities 0.1% | ||
Fortum Oyj | 70,649 | 1,089,004 |
12,324,845 | ||
France 9.9% | ||
Automobiles & Components 0.3% | ||
Faurecia | 9,902 | 394,650 |
Peugeot S.A. * | 75,436 | 1,111,122 |
Renault S.A. | 23,673 | 1,932,876 |
Valeo S.A. | 18,763 | 969,425 |
4,408,073 | ||
Banks 0.9% | ||
BNP Paribas S.A. | 127,510 | 6,476,557 |
Credit Agricole S.A. | 121,621 | 1,150,016 |
Natixis S.A. | 55,181 | 243,742 |
Societe Generale S.A. | 101,613 | 3,694,481 |
11,564,796 | ||
Capital Goods 1.6% | ||
Airbus Group SE | 25,556 | 1,488,329 |
Alstom S.A. * | 36,744 | 970,503 |
Bouygues S.A. | 48,027 | 1,520,722 |
Compagnie de Saint-Gobain | 88,173 | 3,861,327 |
Eiffage S.A. | 6,883 | 538,149 |
Legrand S.A. | 15,330 | 917,033 |
Rexel S.A. | 82,516 | 1,323,851 |
Safran S.A. | 16,980 | 1,185,371 |
Schneider Electric SE | 55,432 | 3,771,535 |
Thales S.A. | 5,834 | 504,410 |
Vinci S.A. | 54,656 | 4,138,761 |
Zodiac Aerospace | 12,763 | 289,982 |
20,509,973 |
Security | Number of Shares | Value ($) |
Commercial & Professional Services 0.1% | ||
Bureau Veritas S.A. | 14,052 | 300,801 |
Teleperformance | 4,689 | 485,315 |
786,116 | ||
Consumer Durables & Apparel 0.4% | ||
Christian Dior SE | 4,319 | 745,594 |
Kering | 6,330 | 1,198,153 |
LVMH Moet Hennessy Louis Vuitton SE | 15,803 | 2,670,009 |
4,613,756 | ||
Consumer Services 0.1% | ||
Accor S.A. | 17,338 | 653,553 |
Sodexo S.A. | 7,373 | 852,783 |
1,506,336 | ||
Diversified Financials 0.0% | ||
Eurazeo S.A. | 3,805 | 230,495 |
Wendel S.A. | 3,307 | 375,499 |
605,994 | ||
Energy 2.0% | ||
CGG S.A. *(b) | 11,709 | 283,900 |
Technip S.A. | 17,328 | 1,022,271 |
Total S.A. | 509,749 | 24,270,572 |
Vallourec S.A. *(b) | 107,799 | 476,762 |
26,053,505 | ||
Food & Staples Retailing 0.4% | ||
Carrefour S.A. | 123,597 | 3,106,898 |
Casino Guichard Perrachon S.A. | 20,062 | 990,846 |
Rallye S.A. (b) | 28,997 | 469,575 |
4,567,319 | ||
Food, Beverage & Tobacco 0.4% | ||
Danone S.A. | 45,460 | 3,448,481 |
Pernod-Ricard S.A. | 12,506 | 1,433,248 |
4,881,729 | ||
Health Care Equipment & Services 0.1% | ||
Essilor International S.A. | 6,946 | 880,755 |
Household & Personal Products 0.2% | ||
L'Oreal S.A. | 12,049 | 2,272,604 |
Insurance 0.4% | ||
AXA S.A. | 177,635 | 3,723,365 |
CNP Assurances | 19,760 | 317,571 |
SCOR SE | 15,949 | 468,504 |
4,509,440 | ||
Materials 0.3% | ||
Air Liquide S.A. | 25,842 | 2,830,086 |
Arkema S.A. | 10,247 | 913,350 |
3,743,436 | ||
Media 0.4% | ||
Eutelsat Communications S.A. | 12,577 | 244,083 |
Publicis Groupe S.A. | 12,300 | 911,676 |
Vivendi S.A. | 202,374 | 3,917,347 |
5,073,106 | ||
Pharmaceuticals, Biotechnology & Life Sciences 0.6% | ||
Sanofi | 107,295 | 8,253,847 |
Security | Number of Shares | Value ($) |
Real Estate 0.1% | ||
Klepierre | 8,430 | 394,428 |
Unibail-Rodamco SE | 3,708 | 1,015,927 |
1,410,355 | ||
Software & Services 0.1% | ||
Atos SE | 6,454 | 634,066 |
Cap Gemini S.A. | 11,838 | 1,151,540 |
1,785,606 | ||
Telecommunication Services 0.5% | ||
Orange S.A. | 443,247 | 6,758,289 |
Transportation 0.1% | ||
Air France-KLM *(b) | 109,457 | 600,151 |
Bollore S.A. | 55,432 | 199,906 |
800,057 | ||
Utilities 0.9% | ||
Electricite de France S.A. | 97,831 | 1,250,852 |
Engie S.A. | 491,939 | 7,829,445 |
Suez | 50,772 | 767,064 |
Veolia Environnement S.A. | 87,227 | 1,852,146 |
11,699,507 | ||
126,684,599 | ||
Germany 8.6% | ||
Automobiles & Components 1.2% | ||
Bayerische Motoren Werke AG | 47,930 | 4,164,331 |
Continental AG | 7,470 | 1,563,273 |
Daimler AG - Reg'd | 118,326 | 8,181,245 |
Leoni AG | 7,404 | 273,238 |
Volkswagen AG | 5,987 | 869,843 |
15,051,930 | ||
Banks 0.1% | ||
Commerzbank AG | 175,485 | 1,232,484 |
Capital Goods 1.1% | ||
Brenntag AG | 14,579 | 792,221 |
GEA Group AG | 11,692 | 626,552 |
HOCHTIEF AG | 3,647 | 489,655 |
Kloeckner & Co. SE * | 35,935 | 505,085 |
MAN SE | 3,470 | 360,423 |
MTU Aero Engines AG | 2,766 | 280,830 |
OSRAM Licht AG | 9,121 | 476,840 |
Rheinmetall AG | 5,327 | 384,099 |
Siemens AG - Reg'd | 80,492 | 9,596,810 |
13,512,515 | ||
Commercial & Professional Services 0.0% | ||
Bilfinger SE * | 10,416 | 301,331 |
Consumer Durables & Apparel 0.2% | ||
adidas AG | 16,149 | 2,679,006 |
HUGO BOSS AG | 6,382 | 389,160 |
3,068,166 | ||
Diversified Financials 0.3% | ||
Deutsche Bank AG - Reg'd * | 188,815 | 2,777,965 |
Deutsche Boerse AG * | 9,405 | 802,371 |
3,580,336 | ||
Food & Staples Retailing 0.1% | ||
METRO AG | 55,357 | 1,639,992 |
Security | Number of Shares | Value ($) |
Food, Beverage & Tobacco 0.0% | ||
Suedzucker AG | 24,324 | 634,197 |
Health Care Equipment & Services 0.2% | ||
Fresenius Medical Care AG & Co. KGaA | 11,146 | 984,915 |
Fresenius SE & Co. KGaA | 20,968 | 1,527,760 |
2,512,675 | ||
Household & Personal Products 0.1% | ||
Beiersdorf AG | 4,793 | 445,259 |
Henkel AG & Co. KGaA | 5,440 | 609,818 |
1,055,077 | ||
Insurance 0.7% | ||
Allianz SE - Reg'd | 41,245 | 6,134,833 |
Hannover Rueck SE | 4,366 | 445,417 |
Muenchener Rueckversicherungs-Gesellschaft AG - Reg'd | 16,736 | 3,020,565 |
9,600,815 | ||
Materials 1.5% | ||
Aurubis AG | 12,894 | 678,040 |
BASF SE | 133,978 | 10,877,987 |
Evonik Industries AG | 11,081 | 371,910 |
HeidelbergCement AG | 16,332 | 1,514,661 |
K+S AG - Reg'd (b) | 29,340 | 613,355 |
LANXESS AG | 14,637 | 779,885 |
Linde AG | 15,981 | 2,733,010 |
Salzgitter AG | 14,607 | 443,724 |
ThyssenKrupp AG | 51,800 | 1,205,479 |
19,218,051 | ||
Media 0.1% | ||
ProSiebenSat.1 Media SE | 14,928 | 641,101 |
Pharmaceuticals, Biotechnology & Life Sciences 0.5% | ||
Bayer AG - Reg'd | 56,915 | 6,083,447 |
Merck KGaA | 5,613 | 589,764 |
6,673,211 | ||
Real Estate 0.0% | ||
Vonovia SE | 8,012 | 311,291 |
Semiconductors & Semiconductor Equipment 0.1% | ||
Infineon Technologies AG | 55,721 | 936,784 |
Software & Services 0.3% | ||
SAP SE | 40,722 | 3,572,089 |
Telecommunication Services 0.6% | ||
Deutsche Telekom AG - Reg'd | 448,817 | 7,483,049 |
Freenet AG | 15,600 | 447,220 |
7,930,269 | ||
Transportation 0.4% | ||
Deutsche Lufthansa AG - Reg'd | 59,161 | 688,227 |
Deutsche Post AG - Reg'd | 123,336 | 3,901,177 |
4,589,404 | ||
Utilities 1.1% | ||
E.ON SE | 966,864 | 8,891,503 |
RWE AG * | 340,808 | 5,566,463 |
14,457,966 | ||
110,519,684 |
Security | Number of Shares | Value ($) |
Hong Kong 1.3% | ||
Banks 0.1% | ||
BOC Hong Kong Holdings Ltd. | 214,420 | 750,508 |
Hang Seng Bank Ltd. | 39,175 | 687,365 |
1,437,873 | ||
Capital Goods 0.2% | ||
CK Hutchison Holdings Ltd. | 13,200 | 169,664 |
Jardine Matheson Holdings Ltd. | 20,749 | 1,241,828 |
Jardine Strategic Holdings Ltd. | 15,765 | 508,263 |
Noble Group Ltd. * | 8,059,848 | 703,762 |
2,623,517 | ||
Consumer Durables & Apparel 0.1% | ||
Li & Fung Ltd. | 1,244,077 | 639,941 |
Yue Yuen Industrial Holdings Ltd. | 85,740 | 364,769 |
1,004,710 | ||
Consumer Services 0.1% | ||
Galaxy Entertainment Group Ltd. | 97,918 | 318,746 |
Sands China Ltd. | 128,833 | 506,579 |
SJM Holdings Ltd. | 445,649 | 280,371 |
1,105,696 | ||
Diversified Financials 0.0% | ||
Hong Kong Exchanges & Clearing Ltd. | 13,164 | 321,940 |
Food, Beverage & Tobacco 0.1% | ||
China Mengniu Dairy Co., Ltd. | 182,848 | 346,991 |
Want Want China Holdings Ltd. | 354,736 | 233,693 |
580,684 | ||
Insurance 0.2% | ||
AIA Group Ltd. | 287,050 | 1,815,168 |
Real Estate 0.3% | ||
Cheung Kong Property Holdings Ltd. | 14,844 | 104,296 |
Hongkong Land Holdings Ltd. | 42,304 | 274,553 |
Link REIT | 63,586 | 462,339 |
New World Development Co., Ltd. | 453,040 | 568,289 |
Sun Hung Kai Properties Ltd. | 67,135 | 945,131 |
Swire Pacific Ltd., Class A | 78,733 | 869,877 |
Swire Pacific Ltd., Class B | 42,775 | 84,483 |
The Wharf Holdings Ltd. | 87,683 | 619,464 |
Wheelock & Co., Ltd. | 75,808 | 433,929 |
4,362,361 | ||
Retailing 0.0% | ||
Esprit Holdings Ltd. * | 584,176 | 516,640 |
Transportation 0.0% | ||
MTR Corp. Ltd. | 57,240 | 312,886 |
Utilities 0.2% | ||
CLP Holdings Ltd. | 138,433 | 1,419,711 |
Hong Kong & China Gas Co., Ltd. | 239,211 | 456,418 |
Power Assets Holdings Ltd. | 47,896 | 458,167 |
2,334,296 | ||
16,415,771 | ||
Ireland 0.6% | ||
Banks 0.0% | ||
Bank of Ireland * | 1,198,142 | 269,555 |
Security | Number of Shares | Value ($) |
Commercial & Professional Services 0.1% | ||
Experian plc | 55,409 | 1,098,697 |
Food, Beverage & Tobacco 0.0% | ||
Kerry Group plc, A Shares | 6,096 | 517,218 |
Materials 0.2% | ||
CRH plc | 80,915 | 2,735,113 |
Smurfit Kappa Group plc | 23,698 | 583,299 |
3,318,412 | ||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||
Shire plc | 13,145 | 819,654 |
Technology Hardware & Equipment 0.2% | ||
Seagate Technology plc | 62,967 | 2,124,506 |
8,148,042 | ||
Israel 0.4% | ||
Banks 0.1% | ||
Bank Hapoalim B.M. | 62,434 | 334,381 |
Bank Leumi Le-Israel * | 132,226 | 494,251 |
828,632 | ||
Materials 0.0% | ||
Israel Chemicals Ltd. | 130,092 | 550,239 |
Pharmaceuticals, Biotechnology & Life Sciences 0.2% | ||
Teva Pharmaceutical Industries Ltd. | 59,356 | 3,007,929 |
Software & Services 0.0% | ||
Check Point Software Technologies Ltd. * | 3,709 | 284,629 |
Telecommunication Services 0.1% | ||
Bezeq The Israeli Telecommunication Corp., Ltd. | 292,837 | 586,858 |
5,258,287 | ||
Italy 3.0% | ||
Banks 0.6% | ||
Banca Monte dei Paschi di Siena S.p.A. * | 1,084,575 | 291,839 |
Banca Popolare dell'Emilia Romagna SC | 66,102 | 253,993 |
Banco Popolare SC | 55,332 | 137,919 |
Intesa Sanpaolo S.p.A. | 1,488,284 | 3,530,636 |
UniCredit S.p.A. | 1,262,290 | 3,241,947 |
Unione di Banche Italiane S.p.A. | 150,222 | 403,551 |
7,859,885 | ||
Capital Goods 0.1% | ||
Leonardo-Finmeccanica S.p.A. * | 38,185 | 435,067 |
Prysmian S.p.A. | 17,377 | 428,102 |
863,169 | ||
Consumer Durables & Apparel 0.0% | ||
Luxottica Group S.p.A. | 6,320 | 304,432 |
Diversified Financials 0.1% | ||
EXOR S.p.A. | 42,294 | 1,735,816 |
Energy 1.0% | ||
Eni S.p.A. | 793,282 | 11,962,826 |
Saipem S.p.A. * | 947,500 | 433,613 |
12,396,439 |
Security | Number of Shares | Value ($) |
Insurance 0.1% | ||
Assicurazioni Generali S.p.A. | 119,212 | 1,513,604 |
Poste Italiane S.p.A. (c) | 14,165 | 98,602 |
1,612,206 | ||
Media 0.0% | ||
Mediaset S.p.A. | 123,919 | 391,410 |
Telecommunication Services 0.3% | ||
Telecom Italia S.p.A. * | 2,672,520 | 2,421,397 |
Telecom Italia S.p.A. - RSP * | 1,573,643 | 1,151,487 |
3,572,884 | ||
Transportation 0.1% | ||
Atlantia S.p.A. | 26,259 | 674,412 |
Utilities 0.7% | ||
Enel S.p.A. | 1,763,773 | 7,775,100 |
Snam S.p.A. | 183,259 | 1,014,400 |
Terna Rete Elettrica Nazionale S.p.A. | 105,386 | 543,675 |
9,333,175 | ||
38,743,828 | ||
Japan 21.8% | ||
Automobiles & Components 3.3% | ||
Aisin Seiki Co., Ltd. | 33,332 | 1,574,195 |
Bridgestone Corp. | 83,967 | 2,885,896 |
Calsonic Kansei Corp. | 37,456 | 294,405 |
Denso Corp. | 51,927 | 2,144,653 |
Fuji Heavy Industries Ltd. | 31,520 | 1,248,794 |
Honda Motor Co., Ltd. | 245,647 | 7,528,409 |
Isuzu Motors Ltd. | 72,402 | 833,321 |
Koito Manufacturing Co., Ltd. | 6,824 | 324,921 |
Mazda Motor Corp. | 61,761 | 1,018,353 |
Mitsubishi Motors Corp. | 97,907 | 447,721 |
NGK Spark Plug Co., Ltd. | 13,933 | 260,650 |
NHK Spring Co., Ltd. | 44,385 | 417,953 |
Nissan Motor Co., Ltd. | 377,474 | 3,704,124 |
Stanley Electric Co., Ltd. | 14,564 | 372,143 |
Sumitomo Electric Industries Ltd. | 127,591 | 1,891,630 |
Sumitomo Rubber Industries Ltd. | 25,537 | 378,728 |
Suzuki Motor Corp. | 48,535 | 1,608,996 |
The Yokohama Rubber Co., Ltd. | 16,337 | 265,505 |
Toyota Industries Corp. | 16,203 | 775,413 |
Toyota Motor Corp. | 238,502 | 14,383,676 |
Yamaha Motor Co., Ltd. | 30,183 | 618,630 |
42,978,116 | ||
Banks 1.3% | ||
Aozora Bank Ltd. | 73,768 | 261,025 |
Japan Post Bank Co., Ltd. | 10,760 | 126,496 |
Mitsubishi UFJ Financial Group, Inc. | 1,043,771 | 5,692,379 |
Mizuho Financial Group, Inc. | 2,119,125 | 3,681,605 |
Resona Holdings, Inc. | 224,388 | 1,026,542 |
Sumitomo Mitsui Financial Group, Inc. | 133,960 | 4,689,604 |
Sumitomo Mitsui Trust Holdings, Inc. | 251,884 | 901,751 |
16,379,402 | ||
Capital Goods 3.5% | ||
Asahi Glass Co., Ltd. | 252,875 | 1,608,660 |
Daikin Industries Ltd. | 15,889 | 1,472,999 |
Security | Number of Shares | Value ($) |
Ebara Corp. | 63,648 | 327,363 |
FANUC Corp. | 7,570 | 1,290,270 |
Fuji Electric Co., Ltd. | 74,912 | 341,842 |
Furukawa Electric Co., Ltd. | 194,822 | 502,900 |
Hanwa Co., Ltd. | 101,948 | 568,705 |
Hino Motors Ltd. | 38,189 | 423,112 |
Hitachi Construction Machinery Co., Ltd. | 19,487 | 365,116 |
IHI Corp. | 236,547 | 722,665 |
ITOCHU Corp. | 187,133 | 2,209,014 |
JGC Corp. | 32,975 | 523,150 |
JTEKT Corp. | 30,504 | 474,215 |
Kajima Corp. | 92,586 | 622,104 |
Kawasaki Heavy Industries Ltd. | 172,862 | 506,378 |
Komatsu Ltd. | 124,343 | 2,718,632 |
Kubota Corp. | 67,690 | 992,756 |
LIXIL Group Corp. | 39,656 | 800,136 |
Makita Corp. | 7,985 | 573,583 |
Marubeni Corp. | 332,176 | 1,656,143 |
Mitsubishi Corp. | 204,996 | 4,271,947 |
Mitsubishi Electric Corp. | 238,559 | 3,114,748 |
Mitsubishi Heavy Industries Ltd. | 456,105 | 1,986,075 |
Mitsui & Co., Ltd. | 295,302 | 3,931,269 |
Nagase & Co., Ltd. | 29,641 | 328,978 |
NGK Insulators Ltd. | 14,296 | 310,149 |
Nidec Corp. | 7,456 | 671,966 |
NSK Ltd. | 45,439 | 468,294 |
Obayashi Corp. | 46,980 | 433,759 |
Shimizu Corp. | 58,083 | 518,302 |
SMC Corp. | 2,352 | 662,612 |
Sojitz Corp. | 434,781 | 1,042,449 |
Sumitomo Corp. | 187,228 | 2,030,936 |
Sumitomo Heavy Industries Ltd. | 98,480 | 483,665 |
Taisei Corp. | 88,588 | 666,326 |
Toshiba Corp. * | 1,101,903 | 3,485,693 |
TOTO Ltd. | 11,687 | 444,046 |
Toyota Tsusho Corp. | 57,888 | 1,324,146 |
44,875,103 | ||
Commercial & Professional Services 0.3% | ||
Dai Nippon Printing Co., Ltd. | 126,982 | 1,291,488 |
Recruit Holdings Co., Ltd. | 25,247 | 960,477 |
Secom Co., Ltd. | 15,629 | 1,186,435 |
Toppan Printing Co., Ltd. | 108,849 | 970,260 |
4,408,660 | ||
Consumer Durables & Apparel 1.0% | ||
Bandai Namco Holdings, Inc. | 26,759 | 731,096 |
Iida Group Holdings Co., Ltd. | 16,141 | 302,424 |
Nikon Corp. | 54,739 | 803,872 |
Panasonic Corp. | 380,270 | 3,900,677 |
Sega Sammy Holdings, Inc. | 33,927 | 463,468 |
Sekisui Chemical Co., Ltd. | 53,619 | 749,583 |
Sekisui House Ltd. | 72,537 | 1,168,334 |
Sharp Corp. *(b) | 573,958 | 793,503 |
Shimano, Inc. | 2,681 | 389,832 |
Sony Corp. | 110,099 | 3,539,220 |
Sumitomo Forestry Co., Ltd. | 24,313 | 329,078 |
13,171,087 |
Security | Number of Shares | Value ($) |
Consumer Services 0.1% | ||
Benesse Holdings, Inc. | 13,100 | 302,186 |
Oriental Land Co., Ltd. | 7,350 | 430,547 |
732,733 | ||
Diversified Financials 0.2% | ||
Daiwa Securities Group, Inc. | 75,669 | 442,155 |
Nomura Holdings, Inc. | 235,508 | 1,109,519 |
ORIX Corp. | 73,331 | 1,054,574 |
2,606,248 | ||
Energy 0.6% | ||
Idemitsu Kosan Co., Ltd. | 70,439 | 1,285,043 |
Inpex Corp. | 207,899 | 1,805,738 |
JX Holdings, Inc. | 1,000,489 | 3,742,342 |
San-Ai Oil Co., Ltd. | 12,852 | 80,764 |
Showa Shell Sekiyu K.K. | 52,613 | 448,636 |
TonenGeneral Sekiyu K.K. | 70,964 | 655,200 |
8,017,723 | ||
Food & Staples Retailing 0.5% | ||
Aeon Co., Ltd. | 125,412 | 1,724,741 |
Lawson, Inc. | 4,289 | 301,041 |
Seven & i Holdings Co., Ltd. | 88,325 | 3,723,936 |
5,749,718 | ||
Food, Beverage & Tobacco 0.8% | ||
Ajinomoto Co., Inc. | 42,697 | 905,250 |
Asahi Group Holdings Ltd. | 36,101 | 1,181,786 |
Coca-Cola West Co., Ltd. | 14,279 | 323,723 |
Japan Tobacco, Inc. | 65,248 | 2,528,293 |
Kewpie Corp. | 12,782 | 351,324 |
Kirin Holdings Co., Ltd. | 124,399 | 2,028,316 |
MEIJI Holdings Co., Ltd. | 8,374 | 753,729 |
NH Foods Ltd. | 31,456 | 688,817 |
Nisshin Seifun Group, Inc. | 19,817 | 280,295 |
Suntory Beverage & Food Ltd. | 9,047 | 359,046 |
Toyo Suisan Kaisha Ltd. | 10,420 | 426,632 |
Yamazaki Baking Co., Ltd. | 21,100 | 479,587 |
10,306,798 | ||
Health Care Equipment & Services 0.3% | ||
Alfresa Holdings Corp. | 39,558 | 738,498 |
Hoya Corp. | 32,005 | 1,240,470 |
Medipal Holdings Corp. | 39,798 | 629,473 |
Olympus Corp. | 10,973 | 359,101 |
Suzuken Co., Ltd. | 19,354 | 561,151 |
Terumo Corp. | 13,718 | 533,813 |
4,062,506 | ||
Household & Personal Products 0.2% | ||
Kao Corp. | 30,904 | 1,606,524 |
Shiseido Co., Ltd. | 28,133 | 707,439 |
Unicharm Corp. | 18,255 | 443,513 |
2,757,476 | ||
Insurance 0.4% | ||
Japan Post Holdings Co., Ltd. | 11,108 | 145,515 |
MS&AD Insurance Group Holdings, Inc. | 34,050 | 971,940 |
Sompo Japan Nipponkoa Holdings, Inc. | 30,786 | 986,962 |
T&D Holdings, Inc. | 53,595 | 611,678 |
Security | Number of Shares | Value ($) |
The Dai-ichi Life Insurance Co., Ltd. | 68,268 | 950,082 |
Tokio Marine Holdings, Inc. | 42,692 | 1,677,385 |
5,343,562 | ||
Materials 1.9% | ||
Air Water, Inc. | 20,307 | 375,376 |
Asahi Kasei Corp. | 205,033 | 1,729,306 |
Daicel Corp. | 25,533 | 325,596 |
Denka Co., Ltd. | 77,757 | 328,514 |
DIC Corp. | 14,980 | 455,475 |
Dowa Holdings Co., Ltd. | 40,744 | 272,979 |
JFE Holdings, Inc. | 134,163 | 2,083,752 |
JSR Corp. | 26,265 | 384,192 |
Kaneka Corp. | 41,640 | 339,368 |
Kobe Steel Ltd. | 954,511 | 885,900 |
Kuraray Co., Ltd. | 44,285 | 632,796 |
Mitsubishi Chemical Holdings Corp. | 268,404 | 1,693,954 |
Mitsubishi Materials Corp. | 198,549 | 560,510 |
Mitsui Chemicals, Inc. | 177,657 | 850,198 |
Mitsui Mining & Smelting Co., Ltd. | 165,598 | 337,808 |
Nippon Paper Industries Co., Ltd. | 27,665 | 512,726 |
Nippon Steel & Sumitomo Metal Corp. | 127,517 | 2,707,278 |
Nitto Denko Corp. | 14,491 | 989,650 |
Oji Holdings Corp. | 161,360 | 648,966 |
Shin-Etsu Chemical Co., Ltd. | 32,304 | 2,371,698 |
Showa Denko K.K. | 40,195 | 497,798 |
Sumitomo Chemical Co., Ltd. | 212,933 | 975,784 |
Sumitomo Metal Mining Co., Ltd. | 74,600 | 946,248 |
Taiheiyo Cement Corp. | 153,244 | 465,206 |
Teijin Ltd. | 172,892 | 645,200 |
Toray Industries, Inc. | 136,474 | 1,314,668 |
Tosoh Corp. | 75,148 | 462,796 |
Toyo Seikan Group Holdings Ltd. | 34,851 | 646,244 |
Ube Industries Ltd. | 239,260 | 434,871 |
24,874,857 | ||
Media 0.1% | ||
Dentsu, Inc. | 15,672 | 862,123 |
Hakuhodo DY Holdings, Inc. | 41,147 | 447,133 |
1,309,256 | ||
Pharmaceuticals, Biotechnology & Life Sciences 0.8% | ||
Astellas Pharma, Inc. | 133,256 | 2,036,169 |
Chugai Pharmaceutical Co., Ltd. | 9,538 | 299,229 |
Daiichi Sankyo Co., Ltd. | 58,386 | 1,340,335 |
Eisai Co., Ltd. | 15,634 | 911,423 |
Kyowa Hakko Kirin Co., Ltd. | 18,743 | 266,010 |
Mitsubishi Tanabe Pharma Corp. | 16,959 | 314,799 |
Otsuka Holdings Co., Ltd. | 36,755 | 1,593,007 |
Shionogi & Co., Ltd. | 9,806 | 437,897 |
Takeda Pharmaceutical Co., Ltd. | 68,361 | 3,013,740 |
10,212,609 | ||
Real Estate 0.4% | ||
Daito Trust Construction Co., Ltd. | 6,799 | 1,001,428 |
Daiwa House Industry Co., Ltd. | 45,619 | 1,178,239 |
Mitsubishi Estate Co., Ltd. | 47,383 | 896,491 |
Mitsui Fudosan Co., Ltd. | 43,940 | 946,472 |
Sumitomo Realty & Development Co., Ltd. | 23,803 | 628,357 |
4,650,987 |
Security | Number of Shares | Value ($) |
Retailing 0.4% | ||
Don Quijote Holdings Co., Ltd. | 8,768 | 286,517 |
Fast Retailing Co., Ltd. | 2,137 | 750,796 |
Isetan Mitsukoshi Holdings Ltd. | 55,951 | 509,555 |
J Front Retailing Co., Ltd. | 39,152 | 442,109 |
K's Holdings Corp. | 24,128 | 380,925 |
Nitori Holdings Co., Ltd. | 4,421 | 448,362 |
Shimamura Co., Ltd. | 4,399 | 509,074 |
Takashimaya Co., Ltd. | 53,126 | 388,808 |
Yamada Denki Co., Ltd. | 236,830 | 1,108,191 |
4,824,337 | ||
Semiconductors & Semiconductor Equipment 0.1% | ||
Rohm Co., Ltd. | 11,345 | 567,058 |
Tokyo Electron Ltd. | 12,023 | 1,105,184 |
1,672,242 | ||
Software & Services 0.4% | ||
Fujitsu Ltd. | 489,114 | 2,483,518 |
Nintendo Co., Ltd. | 7,950 | 1,742,797 |
NTT Data Corp. | 13,407 | 698,639 |
4,924,954 | ||
Technology Hardware & Equipment 1.8% | ||
Alps Electric Co., Ltd. | 12,852 | 289,880 |
Brother Industries Ltd. | 39,744 | 667,043 |
Canon, Inc. | 154,749 | 4,434,437 |
FUJIFILM Holdings Corp. | 52,737 | 1,981,812 |
Hitachi Ltd. | 1,097,770 | 5,264,117 |
Ibiden Co., Ltd. | 24,511 | 310,431 |
Japan Display, Inc. * | 122,580 | 174,209 |
Keyence Corp. | 713 | 499,965 |
Konica Minolta, Inc. | 84,466 | 761,080 |
Kyocera Corp. | 34,458 | 1,637,700 |
Murata Manufacturing Co., Ltd. | 7,328 | 985,119 |
NEC Corp. | 575,091 | 1,462,261 |
Nippon Electric Glass Co., Ltd. | 110,973 | 556,823 |
Omron Corp. | 21,193 | 719,171 |
Ricoh Co., Ltd. | 137,368 | 1,239,081 |
Seiko Epson Corp. | 34,408 | 659,319 |
TDK Corp. | 14,671 | 1,049,600 |
22,692,048 | ||
Telecommunication Services 1.5% | ||
KDDI Corp. | 161,955 | 4,753,666 |
Nippon Telegraph & Telephone Corp. | 138,445 | 6,084,700 |
NTT DOCOMO, Inc. | 157,807 | 3,971,302 |
SoftBank Group Corp. | 67,015 | 4,377,177 |
19,186,845 | ||
Transportation 1.1% | ||
ANA Holdings, Inc. | 154,008 | 418,837 |
Central Japan Railway Co. | 13,145 | 2,159,168 |
East Japan Railway Co. | 31,642 | 2,710,380 |
Hankyu Hanshin Holdings, Inc. | 19,822 | 640,068 |
Kawasaki Kisen Kaisha Ltd. (b) | 247,091 | 623,491 |
Kintetsu Group Holdings Co., Ltd. | 114,777 | 437,203 |
Mitsui OSK Lines Ltd. | 327,118 | 755,849 |
Nagoya Railroad Co., Ltd. | 83,490 | 409,237 |
Nippon Express Co., Ltd. | 182,378 | 863,975 |
Nippon Yusen K.K. | 490,285 | 891,126 |
Odakyu Electric Railway Co., Ltd. | 28,016 | 287,649 |
Seino Holdings Co., Ltd. | 38,562 | 404,130 |
Security | Number of Shares | Value ($) |
Tobu Railway Co., Ltd. | 96,818 | 469,886 |
Tokyu Corp. | 79,075 | 590,186 |
West Japan Railway Co. | 19,526 | 1,117,929 |
Yamato Holdings Co., Ltd. | 48,076 | 1,134,795 |
13,913,909 | ||
Utilities 0.8% | ||
Chubu Electric Power Co., Inc. | 118,767 | 1,606,371 |
Electric Power Development Co., Ltd. | 18,255 | 445,808 |
Hokuriku Electric Power Co. | 30,915 | 369,420 |
Kyushu Electric Power Co., Inc. * | 59,520 | 554,143 |
Osaka Gas Co., Ltd. | 305,401 | 1,202,589 |
Shikoku Electric Power Co., Inc. | 27,076 | 258,104 |
The Chugoku Electric Power Co., Inc. | 52,188 | 626,650 |
The Kansai Electric Power Co., Inc. * | 128,219 | 1,099,162 |
Toho Gas Co., Ltd. | 50,058 | 425,397 |
Tohoku Electric Power Co., Inc. | 76,036 | 953,436 |
Tokyo Electric Power Co. Holdings, Inc. * | 425,611 | 1,715,858 |
Tokyo Gas Co., Ltd. | 356,988 | 1,530,663 |
10,787,601 | ||
280,438,777 | ||
Luxembourg 0.5% | ||
Energy 0.1% | ||
Tenaris S.A. | 57,944 | 795,072 |
Materials 0.3% | ||
ArcelorMittal * | 690,156 | 4,066,985 |
Media 0.1% | ||
RTL Group S.A. | 4,393 | 369,155 |
SES S.A. | 24,608 | 564,313 |
933,468 | ||
Telecommunication Services 0.0% | ||
Millicom International Cellular S.A. | 10,636 | 543,836 |
6,339,361 | ||
Netherlands 5.8% | ||
Banks 0.2% | ||
ING Groep N.V. | 238,685 | 2,982,672 |
Capital Goods 0.3% | ||
Boskalis Westminster | 7,893 | 281,746 |
Koninklijke Philips N.V. | 106,191 | 3,079,755 |
3,361,501 | ||
Commercial & Professional Services 0.2% | ||
Randstad Holding N.V. | 14,291 | 672,874 |
RELX N.V. | 48,902 | 865,987 |
Wolters Kluwer N.V. | 17,941 | 751,814 |
2,290,675 | ||
Energy 3.5% | ||
Fugro N.V. CVA * | 18,241 | 288,080 |
Royal Dutch Shell plc, A Shares | 946,410 | 23,205,211 |
Royal Dutch Shell plc, B Shares | 829,510 | 21,098,057 |
44,591,348 | ||
Food & Staples Retailing 0.4% | ||
Koninklijke Ahold Delhaize N.V. | 243,610 | 5,823,895 |
Security | Number of Shares | Value ($) |
Food, Beverage & Tobacco 0.2% | ||
Heineken Holding N.V. | 10,494 | 842,215 |
Heineken N.V. | 13,297 | 1,186,243 |
2,028,458 | ||
Household & Personal Products 0.3% | ||
Unilever N.V. CVA | 92,091 | 4,217,013 |
Insurance 0.1% | ||
Aegon N.V. | 221,817 | 907,656 |
Delta Lloyd N.V. | 90,581 | 366,513 |
NN Group N.V. | 9,261 | 275,138 |
1,549,307 | ||
Materials 0.3% | ||
Akzo Nobel N.V. | 24,603 | 1,659,988 |
Koninklijke DSM N.V. | 23,634 | 1,644,884 |
3,304,872 | ||
Semiconductors & Semiconductor Equipment 0.1% | ||
ASML Holding N.V. | 8,915 | 946,936 |
NXP Semiconductor N.V. * | 4,570 | 402,251 |
1,349,187 | ||
Software & Services 0.0% | ||
Gemalto N.V. | 4,919 | 342,134 |
Telecommunication Services 0.2% | ||
Koninklijke KPN N.V. | 521,338 | 1,699,533 |
VimpelCom Ltd. ADR | 80,725 | 344,696 |
2,044,229 | ||
73,885,291 | ||
New Zealand 0.1% | ||
Materials 0.0% | ||
Fletcher Building Ltd. | 106,351 | 817,871 |
Telecommunication Services 0.1% | ||
Spark New Zealand Ltd. | 332,907 | 918,999 |
1,736,870 | ||
Norway 0.9% | ||
Banks 0.1% | ||
DNB A.S.A. | 88,856 | 1,079,128 |
Energy 0.5% | ||
Statoil A.S.A. | 376,024 | 5,941,658 |
Food, Beverage & Tobacco 0.1% | ||
Marine Harvest A.S.A. * | 30,287 | 467,680 |
Orkla A.S.A. | 91,001 | 832,429 |
1,300,109 | ||
Materials 0.1% | ||
Norsk Hydro A.S.A. | 224,426 | 953,012 |
Yara International A.S.A. | 27,346 | 969,770 |
1,922,782 | ||
Telecommunication Services 0.1% | ||
Telenor A.S.A. | 94,416 | 1,646,968 |
11,890,645 | ||
Portugal 0.2% | ||
Energy 0.1% | ||
Galp Energia, SGPS, S.A. | 65,541 | 951,141 |
Security | Number of Shares | Value ($) |
Food & Staples Retailing 0.0% | ||
Jeronimo Martins, SGPS, S.A. | 21,158 | 340,864 |
Utilities 0.1% | ||
EDP - Energias de Portugal S.A. | 483,362 | 1,617,724 |
2,909,729 | ||
Singapore 0.8% | ||
Banks 0.3% | ||
DBS Group Holdings Ltd. | 109,445 | 1,203,787 |
Oversea-Chinese Banking Corp., Ltd. | 188,908 | 1,190,681 |
United Overseas Bank Ltd. | 84,852 | 1,121,315 |
3,515,783 | ||
Capital Goods 0.1% | ||
Keppel Corp., Ltd. | 212,755 | 808,651 |
Sembcorp Industries Ltd. | 159,739 | 318,810 |
1,127,461 | ||
Food, Beverage & Tobacco 0.1% | ||
Wilmar International Ltd. | 282,540 | 638,532 |
Media 0.0% | ||
Singapore Press Holdings Ltd. | 139,897 | 386,992 |
Real Estate 0.0% | ||
CapitaLand Ltd. | 137,860 | 310,548 |
Retailing 0.0% | ||
Jardine Cycle & Carriage Ltd. | 15,455 | 481,959 |
Technology Hardware & Equipment 0.1% | ||
Flextronics International Ltd. * | 75,644 | 1,001,526 |
Telecommunication Services 0.1% | ||
Singapore Telecommunications Ltd. | 634,957 | 1,872,933 |
Transportation 0.1% | ||
ComfortDelGro Corp., Ltd. | 184,615 | 383,359 |
Singapore Airlines Ltd. | 89,083 | 686,335 |
1,069,694 | ||
10,405,428 | ||
Spain 4.0% | ||
Banks 1.6% | ||
Banco Bilbao Vizcaya Argentaria S.A. | 714,683 | 4,439,964 |
Banco de Sabadell S.A. | 377,838 | 511,293 |
Banco Popular Espanol S.A. | 368,890 | 498,362 |
Banco Santander S.A. | 3,245,468 | 14,530,846 |
CaixaBank S.A. | 267,203 | 718,102 |
20,698,567 | ||
Capital Goods 0.1% | ||
ACS, Actividades de Construccion y Servicios S.A. | 32,412 | 917,091 |
Ferrovial S.A. | 38,658 | 760,573 |
1,677,664 | ||
Energy 0.4% | ||
Repsol S.A. | 410,812 | 5,508,801 |
Food & Staples Retailing 0.0% | ||
Distribuidora Internacional de Alimentacion S.A. | 68,218 | 415,978 |
Security | Number of Shares | Value ($) |
Insurance 0.1% | ||
Mapfre S.A. | 198,217 | 534,911 |
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||
Grifols S.A. | 8,322 | 176,011 |
Retailing 0.1% | ||
Industria de Diseno Textil S.A. | 40,353 | 1,427,619 |
Software & Services 0.1% | ||
Amadeus IT Group S.A. | 14,232 | 652,977 |
Telecommunication Services 0.8% | ||
Telefonica S.A. | 1,048,263 | 10,542,546 |
Transportation 0.1% | ||
Abertis Infraestructuras S.A. | 55,709 | 861,507 |
Utilities 0.7% | ||
Acciona S.A. | 4,990 | 355,020 |
Enagas S.A. | 14,312 | 419,620 |
Endesa S.A. | 82,583 | 1,679,496 |
Gas Natural SDG S.A. | 49,494 | 1,020,068 |
Iberdrola S.A. | 650,211 | 4,272,616 |
Red Electrica Corp. S.A. | 27,128 | 583,277 |
8,330,097 | ||
50,826,678 | ||
Sweden 2.2% | ||
Automobiles & Components 0.1% | ||
Autoliv, Inc. | 6,928 | 735,615 |
Banks 0.4% | ||
Nordea Bank AB | 237,886 | 2,321,745 |
Skandinaviska Enskilda Banken AB, A Shares | 84,398 | 823,717 |
Svenska Handelsbanken AB, A Shares | 83,299 | 1,073,303 |
Swedbank AB, A Shares | 64,904 | 1,490,176 |
5,708,941 | ||
Capital Goods 0.7% | ||
Alfa Laval AB | 25,489 | 395,298 |
Assa Abloy AB, B Shares | 34,570 | 698,986 |
Atlas Copco AB, A Shares | 41,196 | 1,166,337 |
Atlas Copco AB, B Shares | 22,470 | 576,691 |
NCC AB, B Shares | 9,025 | 224,681 |
Sandvik AB | 121,489 | 1,316,760 |
Skanska AB, B Shares | 45,369 | 992,988 |
SKF AB, B Shares | 43,366 | 729,686 |
Trelleborg AB, B Shares | 19,245 | 366,009 |
Volvo AB, A Shares | 31,285 | 335,435 |
Volvo AB, B Shares | 177,710 | 1,907,462 |
8,710,333 | ||
Commercial & Professional Services 0.0% | ||
Securitas AB, B Shares | 35,629 | 618,612 |
Consumer Durables & Apparel 0.1% | ||
Bonava AB, B Shares * | 2,168 | 26,089 |
Electrolux AB, Series B | 27,271 | 709,131 |
735,220 | ||
Food, Beverage & Tobacco 0.1% | ||
Swedish Match AB | 17,806 | 633,682 |
Health Care Equipment & Services 0.0% | ||
Getinge AB, B Shares | 15,139 | 294,804 |
Security | Number of Shares | Value ($) |
Household & Personal Products 0.1% | ||
Svenska Cellulosa AB SCA, B Shares | 45,715 | 1,402,490 |
Materials 0.1% | ||
Boliden AB | 38,873 | 821,800 |
SSAB AB, A Shares *(b) | 57,988 | 172,222 |
SSAB AB, B Shares * | 64,002 | 153,663 |
1,147,685 | ||
Retailing 0.2% | ||
Hennes & Mauritz AB, B Shares | 63,760 | 1,940,480 |
Technology Hardware & Equipment 0.2% | ||
Hexagon AB, B Shares | 7,740 | 314,622 |
Telefonaktiebolaget LM Ericsson, B Shares | 388,317 | 2,764,346 |
3,078,968 | ||
Telecommunication Services 0.2% | ||
Tele2 AB, B Shares | 106,963 | 888,666 |
Telia Co. AB | 440,233 | 1,985,076 |
2,873,742 | ||
27,880,572 | ||
Switzerland 6.1% | ||
Capital Goods 0.5% | ||
ABB Ltd. - Reg'd * | 201,889 | 4,378,662 |
Geberit AG - Reg'd | 1,235 | 539,224 |
Schindler Holding AG | 2,090 | 393,730 |
Schindler Holding AG - Reg'd | 520 | 98,332 |
Wolseley plc | 26,546 | 1,522,807 |
6,932,755 | ||
Commercial & Professional Services 0.1% | ||
Adecco Group AG - Reg’d | 19,418 | 1,118,578 |
SGS S.A. - Reg'd | 294 | 646,617 |
1,765,195 | ||
Consumer Durables & Apparel 0.2% | ||
Cie Financiere Richemont S.A. - Reg'd | 29,139 | 1,680,041 |
The Swatch Group AG | 2,118 | 545,586 |
The Swatch Group AG - Reg'd | 4,993 | 253,830 |
2,479,457 | ||
Diversified Financials 0.3% | ||
Credit Suisse Group AG - Reg'd * | 153,145 | 1,996,629 |
Julius Baer Group Ltd. * | 6,618 | 277,706 |
UBS Group AG - Reg'd | 102,077 | 1,477,314 |
3,751,649 | ||
Food, Beverage & Tobacco 1.3% | ||
Aryzta AG * | 9,007 | 359,162 |
Chocoladefabriken Lindt & Sprungli AG | 27 | 156,496 |
Chocoladefabriken Lindt & Sprungli AG - Reg'd | 2 | 137,784 |
Coca-Cola HBC AG CDI * | 20,816 | 456,377 |
Nestle S.A. - Reg'd | 190,922 | 15,214,689 |
16,324,508 | ||
Insurance 0.6% | ||
Baloise Holding AG - Reg'd | 3,211 | 382,359 |
Swiss Life Holding AG - Reg'd * | 2,080 | 520,768 |
Security | Number of Shares | Value ($) |
Swiss Re AG | 34,697 | 2,930,997 |
Zurich Insurance Group AG * | 17,844 | 4,565,652 |
8,399,776 | ||
Materials 1.1% | ||
Clariant AG - Reg'd * | 17,947 | 312,892 |
Givaudan S.A. - Reg'd | 343 | 709,703 |
Glencore plc * | 3,836,271 | 8,744,902 |
LafargeHolcim Ltd. - Reg'd * | 34,044 | 1,806,925 |
Sika AG | 100 | 476,922 |
Syngenta AG - Reg'd | 5,292 | 2,306,818 |
14,358,162 | ||
Pharmaceuticals, Biotechnology & Life Sciences 1.6% | ||
Actelion Ltd. - Reg'd * | 2,233 | 372,034 |
Lonza Group AG - Reg'd * | 1,959 | 371,643 |
Novartis AG - Reg'd | 135,746 | 10,693,339 |
Roche Holding AG | 34,111 | 8,325,091 |
Roche Holding AG, Bearer Shares | 1,314 | 321,362 |
20,083,469 | ||
Semiconductors & Semiconductor Equipment 0.1% | ||
STMicroelectronics N.V. | 111,608 | 834,076 |
Technology Hardware & Equipment 0.1% | ||
TE Connectivity Ltd. | 22,885 | 1,454,799 |
Telecommunication Services 0.1% | ||
Swisscom AG - Reg'd | 2,347 | 1,122,442 |
Transportation 0.1% | ||
Kuehne & Nagel International AG - Reg'd | 4,680 | 653,976 |
78,160,264 | ||
United Kingdom 15.6% | ||
Automobiles & Components 0.1% | ||
Fiat Chrysler Automobiles N.V. | 131,860 | 909,791 |
GKN plc | 159,869 | 651,173 |
1,560,964 | ||
Banks 2.1% | ||
Barclays plc | 2,003,332 | 4,519,431 |
HSBC Holdings plc | 2,095,825 | 15,489,475 |
Lloyds Banking Group plc | 4,108,880 | 3,193,860 |
Royal Bank of Scotland Group plc * | 266,134 | 702,339 |
Standard Chartered plc * | 376,026 | 3,161,728 |
27,066,833 | ||
Capital Goods 0.8% | ||
Ashtead Group plc | 21,161 | 350,589 |
BAE Systems plc | 342,599 | 2,416,259 |
Balfour Beatty plc * | 142,217 | 525,816 |
Bunzl plc | 16,850 | 520,374 |
Carillion plc | 74,360 | 253,407 |
CNH Industrial N.V. | 105,206 | 767,484 |
Cobham plc | 144,902 | 306,871 |
DCC plc | 6,887 | 625,079 |
IMI plc | 28,391 | 393,031 |
Meggitt plc | 68,708 | 421,408 |
Rolls-Royce Holdings plc * | 211,976 | 2,137,711 |
Smiths Group plc | 39,568 | 694,936 |
The Weir Group plc | 26,333 | 519,739 |
Travis Perkins plc | 20,800 | 453,575 |
10,386,279 |
Security | Number of Shares | Value ($) |
Commercial & Professional Services 0.2% | ||
Aggreko plc | 26,219 | 349,914 |
Babcock International Group plc | 22,933 | 314,170 |
Capita plc | 32,240 | 437,026 |
G4S plc | 177,614 | 536,424 |
Intertek Group plc | 6,589 | 301,260 |
RELX plc | 42,940 | 812,646 |
2,751,440 | ||
Consumer Durables & Apparel 0.1% | ||
Barratt Developments plc | 42,196 | 273,004 |
Berkeley Group Holdings plc | 6,241 | 218,405 |
Burberry Group plc | 30,563 | 521,970 |
Persimmon plc | 11,149 | 266,338 |
Taylor Wimpey plc | 106,112 | 224,166 |
1,503,883 | ||
Consumer Services 0.3% | ||
Carnival plc | 10,409 | 498,137 |
Compass Group plc | 112,180 | 2,118,616 |
InterContinental Hotels Group plc | 10,837 | 462,841 |
Whitbread plc | 7,357 | 401,991 |
William Hill plc | 54,600 | 227,544 |
3,709,129 | ||
Diversified Financials 0.1% | ||
3i Group plc | 46,287 | 372,522 |
Investec plc | 39,698 | 234,382 |
Man Group plc | 281,033 | 400,091 |
1,006,995 | ||
Energy 2.6% | ||
Amec Foster Wheeler plc | 72,163 | 511,309 |
BP plc | 5,482,128 | 30,722,961 |
John Wood Group plc | 53,090 | 484,290 |
Petrofac Ltd. | 30,226 | 329,166 |
Subsea 7 S.A. * | 52,175 | 566,718 |
Tullow Oil plc * | 126,960 | 362,323 |
32,976,767 | ||
Food & Staples Retailing 0.7% | ||
Booker Group plc | 150,841 | 347,897 |
J Sainsbury plc | 471,170 | 1,482,870 |
Tesco plc * | 2,397,314 | 5,222,992 |
Wm Morrison Supermarkets plc | 892,045 | 2,301,572 |
9,355,331 | ||
Food, Beverage & Tobacco 1.4% | ||
Associated British Foods plc | 19,808 | 788,912 |
British American Tobacco plc | 124,151 | 7,682,873 |
Coca-Cola European Partners plc | 6,590 | 253,386 |
Diageo plc | 116,632 | 3,220,794 |
Imperial Brands plc | 63,759 | 3,334,777 |
SABMiller plc | 34,760 | 2,002,196 |
Tate & Lyle plc | 59,800 | 574,477 |
17,857,415 | ||
Health Care Equipment & Services 0.1% | ||
Smith & Nephew plc | 46,563 | 749,488 |
Household & Personal Products 0.5% | ||
Reckitt Benckiser Group plc | 27,927 | 2,689,797 |
Unilever plc | 77,254 | 3,570,625 |
6,260,422 |
Security | Number of Shares | Value ($) |
Insurance 0.6% | ||
Admiral Group plc | 14,262 | 382,918 |
Aviva plc | 265,201 | 1,487,977 |
Direct Line Insurance Group plc | 116,046 | 560,826 |
Legal & General Group plc | 289,432 | 797,182 |
Old Mutual plc | 406,912 | 1,034,422 |
Phoenix Group Holdings | 23,608 | 268,690 |
Prudential plc | 100,076 | 1,787,132 |
RSA Insurance Group plc | 99,184 | 644,180 |
Standard Life plc | 160,687 | 767,096 |
Willis Towers Watson plc | 4,558 | 565,238 |
8,295,661 | ||
Materials 1.5% | ||
Anglo American plc * | 514,485 | 5,254,454 |
Antofagasta plc | 79,259 | 513,525 |
BHP Billiton plc | 425,410 | 5,515,319 |
DS Smith plc | 63,446 | 339,444 |
Johnson Matthey plc | 26,707 | 1,167,570 |
Mondi plc | 33,918 | 688,103 |
Rio Tinto plc | 196,991 | 5,936,557 |
19,414,972 | ||
Media 0.5% | ||
Informa plc | 42,272 | 392,251 |
ITV plc | 148,967 | 391,570 |
Liberty Global plc, Class A * | 15,357 | 486,049 |
Liberty Global plc, Series C * | 35,504 | 1,094,588 |
Pearson plc | 96,492 | 1,093,780 |
Sky plc | 67,990 | 756,005 |
WPP plc | 73,844 | 1,698,288 |
5,912,531 | ||
Pharmaceuticals, Biotechnology & Life Sciences 1.4% | ||
AstraZeneca plc | 132,875 | 8,542,951 |
GlaxoSmithKline plc | 438,750 | 9,418,196 |
17,961,147 | ||
Real Estate 0.0% | ||
Land Securities Group plc | 29,000 | 415,515 |
Retailing 0.4% | ||
Debenhams plc | 238,950 | 189,649 |
Home Retail Group plc | 434,420 | 908,628 |
Inchcape plc | 56,787 | 521,733 |
Kingfisher plc | 362,585 | 1,762,270 |
Marks & Spencer Group plc | 220,945 | 997,464 |
Next plc | 9,625 | 696,474 |
5,076,218 | ||
Software & Services 0.0% | ||
The Sage Group plc | 65,280 | 619,854 |
Telecommunication Services 1.1% | ||
BT Group plc | 484,051 | 2,449,310 |
Inmarsat plc | 27,167 | 274,326 |
Vodafone Group plc | 3,718,755 | 11,194,732 |
13,918,368 | ||
Transportation 0.1% | ||
easyJet plc | 15,619 | 226,041 |
Firstgroup plc * | 421,328 | 606,443 |
International Consolidated Airlines Group S.A. | 40,153 | 201,413 |
Royal Mail plc | 102,444 | 689,638 |
1,723,535 |
Security | Number of Shares | Value ($) |
Utilities 1.0% | ||
Centrica plc | 1,057,896 | 3,222,733 |
Drax Group plc (b) | 102,122 | 406,463 |
National Grid plc | 316,075 | 4,332,125 |
Pennon Group plc | 28,150 | 323,517 |
Severn Trent plc | 19,304 | 601,975 |
SSE plc | 136,260 | 2,684,033 |
United Utilities Group plc | 51,518 | 655,501 |
12,226,347 | ||
200,749,094 | ||
Total Common Stock | ||
(Cost $1,309,030,147) | 1,268,677,126 | |
Preferred Stock 0.6% of net assets | ||
Germany 0.6% | ||
Automobiles & Components 0.4% | ||
Bayerische Motoren Werke AG | 7,351 | 550,096 |
Volkswagen AG | 33,969 | 4,710,203 |
5,260,299 | ||
Household & Personal Products 0.1% | ||
Henkel AG & Co. KGaA | 9,880 | 1,294,602 |
Materials 0.0% | ||
Fuchs Petrolub SE | 5,784 | 262,702 |
Utilities 0.1% | ||
RWE AG | 26,634 | 314,731 |
7,132,334 | ||
Italy 0.0% | ||
Banks 0.0% | ||
Intesa Sanpaolo S.p.A. - RSP | 124,280 | 274,896 |
Spain 0.0% | ||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||
Grifols S.A., B Shares | 6,476 | 102,419 |
Total Preferred Stock | ||
(Cost $8,262,655) | 7,509,649 | |
Other Investment Companies 0.5% of net assets | ||
United States 0.5% | ||
Money Market Fund 0.2% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.26% (a) | 3,068,502 | 3,068,502 |
Securities Lending Collateral 0.3% | ||
Wells Fargo Government Money Market Fund, Select Class 0.32% (a) | 4,257,986 | 4,257,986 |
Total Other Investment Companies | ||
(Cost $7,326,488) | 7,326,488 |
At 08/31/16, the tax basis cost of the fund's investments was $1,326,010,912 and the unrealized appreciation and depreciation were $54,564,364 and ($97,062,013) , respectively, with a net unrealized depreciation of ($42,497,649).
* | Non-income producing security. |
(a) | The rate shown is the 7-day yield. |
(b) | All or a portion of this security is on loan. Securities on loan were valued at $3,965,627. |
(c) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $98,602 or 0.0% of net assets. |
(d) | Illiquid security. At the period end, the value of these amounted to $38,459 or 0.0% of net assets. |
(e) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. |
ADR — | American Depositary Receipt |
CDI — | CHESS Depositary Interest |
CVA — | Dutch Certificate |
Reg'd — | Registered |
REIT — | Real Estate Investment Trust |
RSP — | Risparmio (Convertible Savings Shares) |
Number of Contracts | Contract Value ($) | Unrealized Appreciation ($) | ||||
Futures Contracts | ||||||
MSCI EAFE, e-mini, Long, expires 09/16/16 | 89 | 7,509,820 | 11,643 |
Holdings by Category | Cost ($) | Value ($) | |
99.5% | Common Stock | 527,058,646 | 549,236,602 |
0.2% | Preferred Stock | 1,386,695 | 1,419,367 |
1.6% | Other Investment Companies | 8,617,247 | 8,625,424 |
101.3% | Total Investments | 537,062,588 | 559,281,393 |
(1.3%) | Other Assets and Liabilities, Net | (7,414,281) | |
100.0% | Net Assets | 551,867,112 |
Security | Number of Shares | Value ($) |
Common Stock 99.5% of net assets | ||
Australia 6.8% | ||
Banks 0.1% | ||
Bank of Queensland Ltd. | 65,090 | 516,089 |
Genworth Mortgage Insurance Australia Ltd. | 36,056 | 79,126 |
595,215 | ||
Capital Goods 0.4% | ||
GWA Group Ltd. | 174,406 | 387,982 |
Monadelphous Group Ltd. (b) | 111,390 | 724,136 |
Seven Group Holdings Ltd. | 65,138 | 398,979 |
UGL Ltd. * | 430,684 | 799,491 |
2,310,588 | ||
Commercial & Professional Services 0.6% | ||
ALS Ltd. | 211,844 | 859,742 |
Cleanaway Waste Management Ltd. | 802,055 | 681,147 |
McMillan Shakespeare Ltd. | 5,859 | 52,840 |
Mineral Resources Ltd. | 69,247 | 590,163 |
Programmed Maintenance Services Ltd. | 56,886 | 90,636 |
SAI Global Ltd. | 77,145 | 197,706 |
SEEK Ltd. | 26,784 | 323,481 |
Spotless Group Holdings Ltd. | 359,678 | 285,183 |
3,080,898 | ||
Consumer Durables & Apparel 0.1% | ||
G.U.D. Holdings Ltd. | 41,588 | 313,805 |
Consumer Services 0.6% | ||
Ardent Leisure Group | 149,551 | 284,360 |
Aristocrat Leisure Ltd. | 37,613 | 426,848 |
Crown Resorts Ltd. | 86,483 | 853,402 |
Flight Centre Travel Group Ltd. | 13,507 | 374,071 |
InvoCare Ltd. | 17,456 | 176,451 |
Security | Number of Shares | Value ($) |
Navitas Ltd. | 67,763 | 264,822 |
The Star Entertainment Grp Ltd. | 160,928 | 713,578 |
3,093,532 | ||
Diversified Financials 0.4% | ||
ASX Ltd. | 23,370 | 898,385 |
Challenger Ltd. | 79,324 | 547,871 |
IOOF Holdings Ltd. (b) | 50,099 | 335,478 |
Perpetual Ltd. | 9,413 | 344,379 |
2,126,113 | ||
Energy 0.2% | ||
AWE Ltd. * | 361,546 | 188,845 |
Beach Energy Ltd. | 655,607 | 278,388 |
Washington H Soul Pattinson & Co., Ltd. | 5,115 | 66,158 |
Whitehaven Coal Ltd. * | 546,350 | 800,689 |
1,334,080 | ||
Food, Beverage & Tobacco 0.3% | ||
Bega Cheese Ltd. | 44,854 | 214,059 |
GrainCorp Ltd., Class A | 118,246 | 730,493 |
Treasury Wine Estates Ltd. | 116,748 | 985,343 |
1,929,895 | ||
Health Care Equipment & Services 0.8% | ||
Ansell Ltd. | 30,124 | 508,488 |
Australian Pharmaceutical Industries Ltd. | 287,674 | 383,757 |
Cochlear Ltd. | 6,938 | 734,689 |
Healthscope Ltd. | 104,432 | 240,167 |
Primary Health Care Ltd. | 243,677 | 749,024 |
Ramsay Health Care Ltd. | 12,954 | 807,761 |
Sigma Pharmaceuticals Ltd. | 1,097,854 | 1,006,613 |
4,430,499 | ||
Insurance 0.1% | ||
nib Holdings Ltd. | 123,580 | 414,230 |
Materials 0.6% | ||
Adelaide Brighton Ltd. | 118,676 | 468,253 |
DuluxGroup Ltd. | 56,687 | 273,086 |
Nufarm Ltd. | 69,961 | 443,243 |
OceanaGold Corp. | 100,001 | 314,778 |
Orora Ltd. | 264,226 | 615,595 |
OZ Minerals Ltd. | 252,329 | 1,211,786 |
Resolute Mining Ltd. * | 76,368 | 101,588 |
Western Areas Ltd. | 77,119 | 143,158 |
3,571,487 | ||
Media 0.5% | ||
APN News & Media Ltd. * | 70,822 | 200,131 |
Event Hospitality & Entertainment Ltd. | 19,205 | 217,369 |
Fairfax Media Ltd. | 1,265,592 | 936,889 |
Nine Entertainment Co. Holdings Ltd. | 199,463 | 149,906 |
NZME Ltd. * | 70,822 | 40,452 |
Seven West Media Ltd. | 803,156 | 470,817 |
Southern Cross Media Group Ltd. | 305,927 | 348,328 |
Village Roadshow Ltd. | 35,125 | 122,488 |
2,486,380 | ||
Real Estate 0.8% | ||
Charter Hall Retail REIT | 55,251 | 177,722 |
Cromwell Property Group | 84,454 | 64,741 |
Dexus Property Group | 141,966 | 1,037,071 |
Security | Number of Shares | Value ($) |
Goodman Group | 174,651 | 996,256 |
Investa Office Fund | 91,690 | 314,228 |
The GPT Group | 207,553 | 831,408 |
Vicinity Centres | 324,126 | 806,306 |
4,227,732 | ||
Retailing 0.7% | ||
AP Eagers Ltd. | 7,430 | 63,937 |
Automotive Holdings Group Ltd. | 123,254 | 434,442 |
Harvey Norman Holdings Ltd. | 168,780 | 682,435 |
JB Hi-Fi Ltd. | 41,945 | 935,941 |
Myer Holdings Ltd. | 1,041,161 | 1,068,092 |
Premier Investments Ltd. | 25,082 | 309,900 |
Super Retail Group Ltd. | 41,925 | 346,596 |
3,841,343 | ||
Software & Services 0.2% | ||
carsales.com Ltd. | 21,024 | 203,196 |
Computershare Ltd. | 101,826 | 756,090 |
IRESS Ltd. | 22,536 | 206,800 |
1,166,086 | ||
Telecommunication Services 0.0% | ||
TPG Telecom Ltd. | 7,531 | 68,995 |
Transportation 0.3% | ||
Qantas Airways Ltd. | 422,261 | 1,028,215 |
Qube Holdings Ltd. (b) | 109,879 | 209,752 |
Sydney Airport | 112,201 | 613,884 |
1,851,851 | ||
Utilities 0.1% | ||
AusNet Services | 558,947 | 722,532 |
37,565,261 | ||
Austria 0.8% | ||
Capital Goods 0.1% | ||
ANDRITZ AG | 13,042 | 664,470 |
Zumtobel Group AG | 9,177 | 149,889 |
814,359 | ||
Energy 0.0% | ||
Schoeller-Bleckmann Oilfield Equipment AG | 2,442 | 141,428 |
Insurance 0.1% | ||
UNIQA Insurance Group AG | 23,231 | 148,540 |
Vienna Insurance Group AG Wiener Versicherung Gruppe | 13,886 | 272,734 |
421,274 | ||
Materials 0.2% | ||
Lenzing AG | 2,965 | 350,701 |
RHI AG | 15,252 | 386,367 |
Wienerberger AG | 38,660 | 613,570 |
1,350,638 | ||
Real Estate 0.1% | ||
BUWOG AG * | 2,896 | 75,184 |
CA Immobilien Anlagen AG * | 3,738 | 70,795 |
Conwert Immobilien Invest SE * | 4,100 | 71,875 |
IMMOFINANZ AG * | 156,874 | 357,998 |
575,852 | ||
Semiconductors & Semiconductor Equipment 0.0% | ||
ams AG | 4,919 | 166,712 |
Security | Number of Shares | Value ($) |
Technology Hardware & Equipment 0.0% | ||
Austria Technologie & Systemtechnik AG | 5,326 | 64,064 |
Telecommunication Services 0.1% | ||
Telekom Austria AG * | 48,297 | 275,409 |
Transportation 0.1% | ||
Oesterreichische Post AG * | 15,067 | 540,344 |
Utilities 0.1% | ||
Verbund AG (b) | 18,893 | 291,433 |
4,641,513 | ||
Belgium 1.1% | ||
Capital Goods 0.0% | ||
Cie d'Entreprises CFE | 692 | 63,592 |
Diversified Financials 0.1% | ||
Ackermans & van Haaren N.V. | 1,577 | 187,845 |
Gimv N.V. | 6,644 | 347,122 |
534,967 | ||
Energy 0.0% | ||
Euronav N.V. | 8,881 | 77,379 |
Health Care Equipment & Services 0.0% | ||
AGFA-Gevaert N.V. * | 21,737 | 68,731 |
Household & Personal Products 0.1% | ||
Ontex Group N.V. | 7,291 | 261,719 |
Materials 0.3% | ||
Bekaert N.V. | 19,534 | 805,624 |
Nyrstar N.V. *(b) | 40,894 | 294,726 |
Tessenderlo Chemie N.V. * | 9,313 | 295,664 |
1,396,014 | ||
Media 0.1% | ||
Telenet Group Holding N.V. * | 15,063 | 705,364 |
Real Estate 0.1% | ||
Befimmo S.A. | 2,833 | 189,315 |
Cofinimmo S.A. | 3,232 | 397,400 |
586,715 | ||
Retailing 0.0% | ||
D'Ieteren S.A. N.V. | 3,485 | 168,027 |
Technology Hardware & Equipment 0.1% | ||
Barco N.V. | 4,674 | 384,282 |
EVS Broadcast Equipment S.A. | 6,449 | 232,356 |
616,638 | ||
Telecommunication Services 0.1% | ||
Orange Belgium S.A. * | 20,686 | 481,055 |
Transportation 0.1% | ||
bpost S.A. | 20,960 | 532,247 |
Utilities 0.1% | ||
Elia System Operator S.A. N.V. | 9,202 | 463,960 |
5,956,408 | ||
Canada 8.4% | ||
Automobiles & Components 0.1% | ||
Linamar Corp. | 11,473 | 473,243 |
Martinrea International, Inc. | 32,280 | 205,925 |
679,168 |
Security | Number of Shares | Value ($) |
Banks 0.2% | ||
Canadian Western Bank | 15,229 | 305,613 |
Genworth MI Canada, Inc. | 16,236 | 423,333 |
Home Capital Group, Inc. (b) | 11,837 | 264,337 |
Laurentian Bank of Canada | 7,939 | 297,459 |
1,290,742 | ||
Capital Goods 0.8% | ||
Aecon Group, Inc. | 35,698 | 499,263 |
Ag Growth International, Inc. | 5,622 | 185,322 |
ATS Automation Tooling Systems, Inc. * | 17,642 | 145,353 |
Bird Construction, Inc. | 23,417 | 203,642 |
CAE, Inc. | 53,007 | 755,483 |
MacDonald, Dettwiler & Associates Ltd. | 6,401 | 422,391 |
New Flyer Industries, Inc. | 8,654 | 278,672 |
Richelieu Hardware Ltd. | 3,446 | 67,578 |
Russel Metals, Inc. | 45,492 | 755,513 |
Toromont Industries Ltd. | 18,538 | 560,640 |
WSP Global, Inc. | 10,189 | 334,857 |
4,208,714 | ||
Commercial & Professional Services 0.6% | ||
Morneau Shepell, Inc. | 14,395 | 201,544 |
Ritchie Bros. Auctioneers, Inc. | 11,460 | 398,377 |
Stantec, Inc. | 15,771 | 375,869 |
Transcontinental, Inc., Class A | 40,280 | 589,441 |
Waste Connections, Inc. | 23,860 | 1,819,620 |
3,384,851 | ||
Consumer Durables & Apparel 0.3% | ||
Dorel Industries, Inc., Class B | 23,125 | 659,707 |
Gildan Activewear, Inc. | 24,591 | 723,645 |
1,383,352 | ||
Consumer Services 0.1% | ||
EnerCare, Inc. | 15,042 | 209,456 |
Great Canadian Gaming Corp. * | 14,456 | 240,080 |
Restaurant Brands International, Inc. | 2,953 | 140,825 |
590,361 | ||
Diversified Financials 0.1% | ||
AGF Management Ltd., Class B | 106,319 | 401,923 |
TMX Group Ltd. | 1,817 | 78,798 |
480,721 | ||
Energy 1.8% | ||
AltaGas Ltd. | 28,137 | 727,846 |
Bankers Petroleum Ltd. * | 143,920 | 207,316 |
Bonavista Energy Corp. | 388,709 | 1,028,025 |
Bonterra Energy Corp. | 10,660 | 201,330 |
Canadian Energy Services & Technology Corp. | 56,953 | 193,164 |
Canyon Services Group, Inc. | 51,323 | 186,978 |
Crew Energy, Inc. * | 53,345 | 269,967 |
Enerflex Ltd. | 43,451 | 442,441 |
Ensign Energy Services, Inc. | 130,044 | 765,169 |
Gran Tierra Energy, Inc. * | 118,401 | 332,088 |
MEG Energy Corp. * | 49,537 | 204,634 |
Mullen Group Ltd. | 50,125 | 620,426 |
Parex Resources, Inc. * | 6,316 | 74,711 |
Parkland Fuel Corp. | 40,010 | 886,163 |
Pason Systems, Inc. | 17,583 | 250,602 |
Security | Number of Shares | Value ($) |
Peyto Exploration & Development Corp. | 21,174 | 608,245 |
Precision Drilling Corp. | 183,551 | 754,041 |
Secure Energy Services, Inc. | 28,574 | 190,994 |
ShawCor Ltd. | 29,190 | 712,814 |
Tourmaline Oil Corp. * | 8,622 | 242,353 |
Trinidad Drilling Ltd. | 213,172 | 409,431 |
Veresen, Inc. | 55,637 | 547,868 |
Whitecap Resources, Inc. | 8,885 | 67,380 |
9,923,986 | ||
Food & Staples Retailing 0.2% | ||
The Jean Coutu Group PJC, Inc., A Shares | 34,496 | 510,321 |
The North West Co., Inc. | 19,979 | 446,465 |
956,786 | ||
Food, Beverage & Tobacco 0.2% | ||
Cott Corp. | 32,836 | 523,304 |
Maple Leaf Foods, Inc. | 31,445 | 698,138 |
1,221,442 | ||
Health Care Equipment & Services 0.0% | ||
Chartwell Retirement Residences | 5,464 | 64,258 |
Extendicare, Inc. | 10,276 | 66,807 |
Medical Facilities Corp. | 1,085 | 16,928 |
147,993 | ||
Insurance 0.2% | ||
Industrial Alliance Insurance & Financial Services, Inc. | 23,243 | 828,000 |
Materials 1.7% | ||
Alamos Gold, Inc., Class A | 41,276 | 290,368 |
Canam Group, Inc. | 6,560 | 52,298 |
Canfor Corp. * | 26,671 | 309,591 |
Cascades, Inc. | 45,840 | 389,905 |
CCL Industries, Inc., Class B | 1,987 | 378,985 |
Centerra Gold, Inc. | 69,501 | 347,492 |
Chemtrade Logistics Income Fund | 20,182 | 265,186 |
Dominion Diamond Corp. | 16,482 | 144,463 |
Eldorado Gold Corp. * | 180,471 | 577,705 |
Franco-Nevada Corp. | 8,022 | 560,235 |
HudBay Minerals, Inc. | 72,198 | 292,743 |
IAMGOLD Corp. * | 357,282 | 1,326,141 |
Interfor Corp. * | 20,768 | 246,611 |
Intertape Polymer Group, Inc. | 4,229 | 70,362 |
Labrador Iron Ore Royalty Corp. | 17,326 | 171,669 |
Lundin Mining Corp. * | 144,056 | 544,581 |
Nevsun Resources Ltd. | 63,076 | 198,547 |
New Gold, Inc. * | 95,317 | 457,678 |
Norbord, Inc. | 2,995 | 71,905 |
Pan American Silver Corp. | 52,801 | 920,360 |
Resolute Forest Products, Inc. * | 107,177 | 621,627 |
SEMAFO, Inc. * | 67,818 | 287,905 |
Silver Wheaton Corp. | 36,806 | 932,458 |
Stella-Jones, Inc. | 1,704 | 57,742 |
Western Forest Products, Inc. | 37,607 | 60,765 |
9,577,322 | ||
Media 0.4% | ||
Aimia, Inc. | 69,289 | 428,815 |
Cineplex, Inc. | 14,361 | 543,552 |
Cogeco Communications, Inc. | 6,952 | 336,195 |
Security | Number of Shares | Value ($) |
Corus Entertainment, Inc., B Shares | 44,694 | 418,649 |
Entertainment One Ltd. | 100,859 | 287,967 |
2,015,178 | ||
Real Estate 0.6% | ||
Artis Real Estate Investment Trust | 21,612 | 208,535 |
Boardwalk Real Estate Investment Trust | 5,525 | 212,191 |
Canadian Apartment Properties REIT | 6,281 | 143,040 |
Canadian Real Estate Investment Trust | 5,992 | 221,951 |
Colliers International Group, Inc. | 3,845 | 158,131 |
Cominar Real Estate Investment Trust | 17,329 | 217,265 |
Dream Global Real Estate Investment Trust | 9,127 | 62,259 |
Dream Office Real Estate Investment Trust | 14,705 | 179,995 |
First Capital Realty, Inc. | 17,789 | 300,856 |
Granite Real Estate Investment Trust | 10,022 | 318,370 |
H&R Real Estate Investment Trust | 21,144 | 375,807 |
RioCan Real Estate Investment Trust | 28,785 | 604,199 |
Smart Real Estate Investment Trust | 11,833 | 319,623 |
3,322,222 | ||
Retailing 0.1% | ||
AutoCanada, Inc. | 3,747 | 65,170 |
Hudson's Bay Co. | 31,785 | 438,238 |
Uni-Select, Inc. | 12,305 | 288,763 |
792,171 | ||
Semiconductors & Semiconductor Equipment 0.0% | ||
Canadian Solar, Inc. * | 4,064 | 52,385 |
Software & Services 0.2% | ||
Constellation Software, Inc. | 608 | 265,147 |
DH Corp. | 15,775 | 356,968 |
Open Text Corp. | 8,859 | 556,907 |
1,179,022 | ||
Telecommunication Services 0.1% | ||
Manitoba Telecom Services, Inc. | 8,450 | 245,698 |
Transportation 0.3% | ||
Air Canada * | 24,587 | 167,905 |
Exchange Income Corp. | 7,292 | 190,963 |
Student Transportation, Inc. | 12,799 | 69,163 |
TransForce, Inc. | 37,150 | 757,978 |
WestJet Airlines Ltd. | 7,239 | 133,519 |
Westshore Terminals Investment Corp. | 17,073 | 288,356 |
1,607,884 | ||
Utilities 0.4% | ||
Algonquin Power & Utilities Corp. | 7,068 | 63,782 |
Capital Power Corp. | 46,128 | 736,543 |
Hydro One Ltd. (c) | 3,421 | 68,365 |
Innergex Renewable Energy, Inc. | 5,890 | 65,452 |
Just Energy Group, Inc. | 47,351 | 260,565 |
Northland Power, Inc. | 19,032 | 344,652 |
Superior Plus Corp. | 79,978 | 716,239 |
Valener, Inc. | 3,755 | 60,587 |
2,316,185 | ||
46,204,183 |
Security | Number of Shares | Value ($) |
Denmark 1.3% | ||
Banks 0.2% | ||
Jyske Bank A/S - Reg’d | 8,861 | 424,711 |
Sydbank A/S | 14,639 | 463,096 |
887,807 | ||
Capital Goods 0.4% | ||
FLSmidth & Co. A/S (b) | 22,621 | 833,402 |
NKT Holding A/S | 10,091 | 591,785 |
Per Aarsleff Holding A/S, Class B | 4,621 | 110,294 |
Rockwool International A/S, B Shares | 2,444 | 463,009 |
1,998,490 | ||
Food, Beverage & Tobacco 0.1% | ||
Royal Unibrew A/S | 3,316 | 163,205 |
Schouw & Co. | 4,907 | 308,771 |
471,976 | ||
Health Care Equipment & Services 0.1% | ||
GN Store Nord A/S | 24,176 | 518,424 |
William Demant Holding A/S * | 11,831 | 246,796 |
765,220 | ||
Insurance 0.1% | ||
Topdanmark A/S * | 10,225 | 272,357 |
Tryg A/S | 19,583 | 390,042 |
662,399 | ||
Materials 0.2% | ||
Chr Hansen Holding A/S | 5,304 | 321,132 |
Novozymes A/S, B Shares | 16,714 | 723,575 |
1,044,707 | ||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||
H. Lundbeck A/S * | 12,009 | 479,095 |
Retailing 0.0% | ||
Matas A/S | 9,119 | 169,209 |
Software & Services 0.0% | ||
SimCorp A/S | 2,687 | 140,731 |
Transportation 0.1% | ||
D/S Norden A/S *(b) | 19,182 | 255,469 |
Dfds A/S | 6,257 | 329,395 |
584,864 | ||
7,204,498 | ||
Finland 1.8% | ||
Capital Goods 0.7% | ||
Cargotec Oyj, B Shares | 13,820 | 619,529 |
Cramo Oyj | 12,485 | 325,242 |
Konecranes Oyj | 17,202 | 543,725 |
Outotec Oyj *(b) | 121,969 | 519,463 |
PKC Group Oyj | 9,643 | 195,036 |
Ramirent Oyj | 32,110 | 235,317 |
Uponor Oyj | 15,262 | 275,368 |
Valmet Oyj | 40,681 | 542,342 |
YIT Oyj | 110,855 | 772,272 |
4,028,294 |
Security | Number of Shares | Value ($) |
Commercial & Professional Services 0.1% | ||
Caverion Corp. | 37,130 | 260,114 |
Lassila & Tikanoja Oyj | 11,849 | 226,985 |
487,099 | ||
Consumer Durables & Apparel 0.1% | ||
Amer Sports Oyj | 19,923 | 599,109 |
Materials 0.5% | ||
Huhtamaki Oyj | 18,584 | 807,219 |
Kemira Oyj | 41,682 | 533,868 |
Metsa Board Oyj | 41,064 | 241,938 |
Outokumpu Oyj *(b) | 111,397 | 608,431 |
Tikkurila Oyj | 13,772 | 293,580 |
2,485,036 | ||
Media 0.2% | ||
Sanoma Oyj | 114,403 | 1,055,644 |
Real Estate 0.1% | ||
Sponda Oyj | 52,604 | 274,425 |
Software & Services 0.1% | ||
Tieto Oyj | 24,740 | 737,074 |
9,666,681 | ||
France 3.8% | ||
Automobiles & Components 0.1% | ||
Plastic Omnium S.A. | 13,219 | 421,141 |
Capital Goods 0.3% | ||
Dassault Aviation S.A. | 57 | 60,681 |
Nexans S.A. * | 21,344 | 1,145,328 |
SPIE S.A. | 3,385 | 65,222 |
Tarkett S.A. | 6,458 | 226,423 |
1,497,654 | ||
Commercial & Professional Services 0.3% | ||
Edenred | 40,002 | 869,659 |
Elis S.A. | 3,512 | 60,511 |
Societe BIC S.A. | 4,998 | 728,379 |
1,658,549 | ||
Consumer Durables & Apparel 0.1% | ||
SEB S.A. | 6,716 | 892,357 |
Consumer Services 0.0% | ||
Elior Group (c) | 11,001 | 251,908 |
Diversified Financials 0.0% | ||
Amundi S.A. (c) | 1,389 | 67,171 |
Energy 0.1% | ||
Bourbon Corp. (b) | 19,538 | 228,484 |
Etablissements Maurel et Prom *(b) | 68,719 | 316,093 |
544,577 | ||
Food, Beverage & Tobacco 0.1% | ||
Remy Cointreau S.A. | 4,805 | 418,653 |
Health Care Equipment & Services 0.1% | ||
BioMerieux | 2,734 | 415,185 |
Korian S.A. | 2,062 | 73,685 |
Orpea | 4,445 | 385,405 |
874,275 | ||
Insurance 0.1% | ||
Coface S.A. * | 26,797 | 142,660 |
Euler Hermes Group | 4,608 | 380,241 |
522,901 |
Security | Number of Shares | Value ($) |
Materials 0.3% | ||
Eramet *(b) | 7,713 | 267,332 |
Imerys S.A. | 11,650 | 819,642 |
Vicat S.A. | 6,793 | 431,472 |
1,518,446 | ||
Media 0.5% | ||
Havas S.A. | 31,912 | 266,316 |
IPSOS | 13,766 | 451,370 |
JCDecaux S.A. | 13,661 | 468,620 |
Metropole Television S.A. | 29,923 | 530,062 |
Technicolor S.A. - Reg'd | 81,576 | 528,505 |
Television Francaise 1 S.A. | 46,849 | 456,245 |
2,701,118 | ||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||
Ipsen S.A. | 4,767 | 309,157 |
Real Estate 0.6% | ||
Fonciere Des Regions | 8,430 | 786,415 |
Gecina S.A. | 4,396 | 686,670 |
ICADE | 9,522 | 733,662 |
Mercialys S.A. | 13,677 | 317,908 |
Nexity S.A. * | 12,623 | 660,907 |
3,185,562 | ||
Retailing 0.1% | ||
Groupe Fnac S.A. * | 7,134 | 465,447 |
Software & Services 0.5% | ||
Alten S.A. | 6,701 | 459,213 |
Altran Technologies S.A. * | 21,224 | 311,906 |
Dassault Systemes S.A. | 8,279 | 696,350 |
Sopra Steria Group | 2,103 | 240,897 |
UBISOFT Entertainment S.A. * | 26,764 | 1,044,486 |
2,752,852 | ||
Technology Hardware & Equipment 0.2% | ||
Ingenico Group S.A. | 3,375 | 362,885 |
Neopost S.A. | 33,328 | 878,979 |
1,241,864 | ||
Telecommunication Services 0.1% | ||
Iliad S.A. | 2,664 | 548,455 |
SFR Group S.A. | 2,285 | 60,696 |
609,151 | ||
Transportation 0.2% | ||
Aeroports de Paris | 5,626 | 579,601 |
Europcar Groupe S.A. *(c) | 6,284 | 53,891 |
Groupe Eurotunnel SE - Reg'd | 54,251 | 595,761 |
1,229,253 | ||
21,162,036 | ||
Germany 2.9% | ||
Automobiles & Components 0.2% | ||
ElringKlinger AG | 8,224 | 141,376 |
Grammer AG | 5,962 | 345,289 |
Hella KGaA Hueck & Co. | 6,089 | 246,173 |
SAF-Holland S.A. | 14,049 | 161,165 |
894,003 | ||
Banks 0.1% | ||
Aareal Bank AG | 8,927 | 300,262 |
Security | Number of Shares | Value ($) |
Capital Goods 0.6% | ||
BayWa AG | 13,797 | 456,536 |
Deutz AG | 66,226 | 295,110 |
Duerr AG | 4,133 | 348,917 |
Heidelberger Druckmaschinen AG * | 101,248 | 246,053 |
Indus Holding AG | 6,182 | 332,934 |
KION Group AG | 10,746 | 611,224 |
Krones AG | 2,308 | 220,295 |
Norma Group SE | 4,996 | 267,086 |
Pfeiffer Vacuum Technology AG | 2,123 | 200,059 |
SGL Carbon SE *(b) | 14,221 | 182,778 |
Vossloh AG * | 3,470 | 210,820 |
Wacker Neuson SE | 11,576 | 168,250 |
3,540,062 | ||
Commercial & Professional Services 0.0% | ||
Bertrandt AG | 592 | 65,057 |
Consumer Durables & Apparel 0.0% | ||
Gerry Weber International AG (b) | 17,098 | 217,375 |
Health Care Equipment & Services 0.2% | ||
Carl Zeiss Meditec AG | 4,927 | 178,973 |
Rhoen-Klinikum AG | 21,166 | 625,055 |
804,028 | ||
Insurance 0.1% | ||
Talanx AG | 12,861 | 375,287 |
Materials 0.3% | ||
Covestro AG (c) | 4,991 | 259,481 |
Symrise AG | 13,558 | 996,765 |
Wacker Chemie AG | 6,368 | 591,077 |
1,847,323 | ||
Media 0.1% | ||
Axel Springer SE | 12,058 | 613,195 |
Pharmaceuticals, Biotechnology & Life Sciences 0.2% | ||
Gerresheimer AG | 5,305 | 439,883 |
STADA Arzneimittel AG | 15,652 | 839,196 |
1,279,079 | ||
Real Estate 0.1% | ||
Deutsche Wohnen AG | 10,242 | 384,417 |
LEG Immobilien AG * | 3,127 | 304,770 |
TAG Immobilien AG | 4,999 | 71,795 |
760,982 | ||
Retailing 0.1% | ||
Fielmann AG | 3,634 | 283,801 |
Semiconductors & Semiconductor Equipment 0.1% | ||
AIXTRON SE *(b) | 41,569 | 256,257 |
Siltronic AG * | 5,495 | 117,964 |
SMA Solar Technology AG (b) | 8,828 | 308,927 |
683,148 | ||
Software & Services 0.3% | ||
Bechtle AG | 3,933 | 438,256 |
CANCOM SE | 1,216 | 57,667 |
Software AG | 14,350 | 569,290 |
United Internet AG - Reg'd | 9,131 | 374,853 |
Wirecard AG | 4,431 | 218,967 |
1,659,033 |
Security | Number of Shares | Value ($) |
Technology Hardware & Equipment 0.2% | ||
Jenoptik AG | 12,954 | 235,385 |
Wincor Nixdorf AG * | 12,036 | 841,303 |
1,076,688 | ||
Telecommunication Services 0.1% | ||
Drillisch AG (b) | 5,387 | 248,121 |
Telefonica Deutschland Holding AG | 113,604 | 466,123 |
714,244 | ||
Transportation 0.2% | ||
Fraport AG Frankfurt Airport Services Worldwide | 9,813 | 546,571 |
Hamburger Hafen und Logistik AG | 9,611 | 154,302 |
Hapag-Lloyd AG *(c) | 3,083 | 55,660 |
Sixt SE | 4,605 | 260,800 |
1,017,333 | ||
16,130,900 | ||
Hong Kong 4.2% | ||
Automobiles & Components 0.2% | ||
Minth Group Ltd. | 96,422 | 364,842 |
Xinyi Glass Holdings Ltd. * | 536,037 | 461,627 |
826,469 | ||
Banks 0.2% | ||
The Bank of East Asia Ltd. | 198,101 | 800,653 |
Capital Goods 0.1% | ||
Hopewell Holdings Ltd. | 55,910 | 197,136 |
NWS Holdings Ltd. | 314,995 | 562,843 |
759,979 | ||
Consumer Durables & Apparel 0.3% | ||
Global Brands Group Holding Ltd. * | 3,347,208 | 310,696 |
Pacific Textiles Holdings Ltd. | 219,638 | 288,820 |
Stella International Holdings Ltd. | 184,285 | 293,174 |
Techtronic Industries Co., Ltd. | 174,338 | 706,859 |
Texwinca Holdings Ltd. | 269,992 | 192,833 |
1,792,382 | ||
Consumer Services 0.3% | ||
Cafe de Coral Holdings Ltd. | 67,791 | 237,281 |
Melco Crown Entertainment Ltd. ADR | 7,180 | 93,196 |
MGM China Holdings Ltd. | 233,086 | 358,790 |
Shangri-La Asia Ltd. | 332,139 | 359,683 |
Wynn Macau Ltd. | 519,613 | 723,476 |
1,772,426 | ||
Diversified Financials 0.2% | ||
First Pacific Co., Ltd. | 1,116,227 | 836,082 |
Sun Hung Kai & Co., Ltd. | 275,260 | 169,980 |
1,006,062 | ||
Energy 0.0% | ||
Brightoil Petroleum Holdings Ltd. | 606,582 | 166,567 |
Food & Staples Retailing 0.2% | ||
Dairy Farm International Holdings Ltd. | 73,004 | 523,439 |
Sun Art Retail Group Ltd. | 664,278 | 427,337 |
950,776 |
Security | Number of Shares | Value ($) |
Food, Beverage & Tobacco 0.3% | ||
C.P. Pokphand Co., Ltd. | 1,607,133 | 203,048 |
Tingyi Cayman Islands Holding Corp. | 617,132 | 571,245 |
Uni-President China Holdings Ltd. | 215,352 | 153,530 |
Vitasoy International Holdings Ltd. | 73,994 | 138,511 |
WH Group Ltd. (c) | 589,729 | 463,770 |
1,530,104 | ||
Materials 0.2% | ||
Huabao International Holdings Ltd. * | 866,785 | 334,120 |
MMG Ltd. * | 951,427 | 218,331 |
Shougang Fushan Resources Group Ltd. | 2,005,705 | 372,349 |
Yingde Gases Group Co., Ltd. | 496,598 | 217,033 |
1,141,833 | ||
Media 0.1% | ||
Television Broadcasts Ltd. | 93,173 | 332,729 |
Real Estate 0.8% | ||
Great Eagle Holdings Ltd. | 60,493 | 272,957 |
Hang Lung Group Ltd. | 193,397 | 708,090 |
Hang Lung Properties Ltd. | 308,080 | 702,208 |
Henderson Land Development Co., Ltd. | 82,303 | 481,186 |
Hysan Development Co., Ltd. | 47,255 | 228,150 |
Kerry Properties Ltd. | 192,857 | 560,663 |
Shui On Land Ltd. | 947,667 | 268,781 |
Sino Land Co., Ltd. | 431,675 | 739,052 |
Swire Properties Ltd. | 141,165 | 397,648 |
4,358,735 | ||
Retailing 0.2% | ||
Chow Tai Fook Jewellery Group Ltd. | 387,205 | 270,558 |
Giordano International Ltd. | 580,718 | 333,903 |
Luk Fook Holdings International Ltd. | 202,014 | 460,973 |
Sa Sa International Holdings Ltd. | 367,145 | 152,410 |
1,217,844 | ||
Semiconductors & Semiconductor Equipment 0.2% | ||
ASM Pacific Technology Ltd. | 56,244 | 437,959 |
Semiconductor Manufacturing International Corp. * | 6,308,131 | 691,257 |
1,129,216 | ||
Technology Hardware & Equipment 0.4% | ||
AAC Technologies Holdings, Inc. | 53,562 | 610,766 |
FIH Mobile Ltd. | 1,249,278 | 418,748 |
Ju Teng International Holdings Ltd. | 456,420 | 135,336 |
Truly International Holdings Ltd. | 812,132 | 380,061 |
VTech Holdings Ltd. | 52,407 | 585,096 |
2,130,007 | ||
Telecommunication Services 0.2% | ||
Hutchison Telecommunications Hong Kong Holdings Ltd. | 698,929 | 241,484 |
PCCW Ltd. | 1,176,680 | 746,352 |
SmarTone Telecommunications Holdings Ltd. | 73,372 | 121,076 |
1,108,912 | ||
Transportation 0.3% | ||
Cathay Pacific Airways Ltd. | 463,963 | 667,525 |
Kerry Logistics Network Ltd. | 119,456 | 166,631 |
Orient Overseas International Ltd. | 168,899 | 572,668 |
Security | Number of Shares | Value ($) |
Pacific Basin Shipping Ltd. * | 1,803,719 | 197,655 |
SITC International Holdings Co., Ltd. | 327,853 | 185,129 |
1,789,608 | ||
Utilities 0.0% | ||
HK Electric Investments & HK Electric Investments Ltd. (c) | 73,388 | 68,877 |
22,883,179 | ||
Ireland 0.8% | ||
Banks 0.0% | ||
Permanent TSB Group Holdings plc * | 29,297 | 65,259 |
Capital Goods 0.2% | ||
AerCap Holdings N.V. * | 9,975 | 398,701 |
Fly Leasing Ltd. ADR | 5,929 | 71,089 |
Kingspan Group plc | 17,002 | 465,446 |
935,236 | ||
Consumer Services 0.1% | ||
Paddy Power Betfair plc | 4,638 | 553,491 |
Food & Staples Retailing 0.1% | ||
Total Produce plc | 169,119 | 300,428 |
Food, Beverage & Tobacco 0.1% | ||
C&C Group plc | 78,672 | 332,083 |
Glanbia plc | 18,172 | 345,481 |
Origin Enterprises plc | 9,403 | 60,793 |
738,357 | ||
Health Care Equipment & Services 0.1% | ||
UDG Healthcare plc | 50,214 | 402,812 |
Materials 0.1% | ||
James Hardie Industries plc CDI | 40,691 | 663,309 |
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||
ICON plc * | 4,684 | 359,684 |
Jazz Pharmaceuticals plc * | 1,520 | 188,222 |
547,906 | ||
Transportation 0.0% | ||
Irish Continental Group plc | 33,598 | 176,621 |
4,383,419 | ||
Israel 0.9% | ||
Banks 0.2% | ||
First International Bank of Israel Ltd. | 5,245 | 65,721 |
Israel Discount Bank Ltd., A Shares * | 296,234 | 534,073 |
Mizrahi Tefahot Bank Ltd. | 23,165 | 278,934 |
878,728 | ||
Capital Goods 0.1% | ||
Elbit Systems Ltd. | 4,100 | 397,986 |
Shikun & Binui Ltd. | 104,385 | 180,549 |
578,535 | ||
Energy 0.2% | ||
Delek Group Ltd. | 2,115 | 449,127 |
Oil Refineries Ltd. * | 530,752 | 196,427 |
Paz Oil Co., Ltd. | 2,496 | 405,789 |
1,051,343 | ||
Insurance 0.0% | ||
Harel Insurance Investments & Financial Services Ltd. | 52,223 | 188,579 |
Security | Number of Shares | Value ($) |
Materials 0.1% | ||
The Israel Corp., Ltd. | 2,362 | 433,956 |
Real Estate 0.0% | ||
Azrieli Group | 639 | 27,872 |
Gazit-Globe Ltd. | 19,613 | 203,241 |
231,113 | ||
Retailing 0.0% | ||
Delek Automotive Systems Ltd. | 1,210 | 10,539 |
Software & Services 0.1% | ||
NICE Ltd. | 6,247 | 425,896 |
Telecommunication Services 0.2% | ||
B Communications Ltd. | 12,337 | 301,637 |
Cellcom Israel Ltd. * | 68,945 | 517,062 |
Partner Communications Co., Ltd. * | 75,807 | 360,113 |
1,178,812 | ||
4,977,501 | ||
Italy 2.5% | ||
Automobiles & Components 0.1% | ||
Brembo S.p.A. | 4,055 | 236,426 |
Ferrari N.V. | 4,688 | 225,558 |
Piaggio & C S.p.A. | 94,521 | 184,543 |
646,527 | ||
Banks 0.4% | ||
Banca Carige S.p.A. *(b) | 720,072 | 269,145 |
Banca Popolare di Milano Scarl | 1,039,842 | 444,719 |
Banca Popolare di Sondrio Scarl | 161,033 | 432,593 |
Credito Valtellinese Scarl | 272,003 | 103,879 |
Mediobanca S.p.A. | 101,421 | 751,168 |
2,001,504 | ||
Capital Goods 0.3% | ||
Astaldi S.p.A. (b) | 24,799 | 100,757 |
C.I.R. - Compagnie Industriali Riunite S.p.A | 329,278 | 343,996 |
Danieli & C Officine Meccaniche S.p.A. | 5,500 | 117,612 |
Danieli & C Officine Meccaniche S.p.A. - RSP | 12,432 | 179,584 |
Interpump Group S.p.A. | 10,493 | 185,232 |
Italmobiliare S.p.A. - RSP | 5,049 | 207,838 |
Salini Impregilo S.p.A | 77,295 | 237,257 |
Trevi Finanziaria Industriale S.p.A. * | 128,484 | 180,305 |
1,552,581 | ||
Consumer Durables & Apparel 0.2% | ||
De'Longhi S.p.A. | 7,935 | 196,460 |
Prada S.p.A. | 134,309 | 402,576 |
Safilo Group S.p.A. * | 19,533 | 185,243 |
Tod's S.p.A. | 3,918 | 234,111 |
1,018,390 | ||
Consumer Services 0.1% | ||
Autogrill S.p.A. | 37,494 | 321,126 |
Diversified Financials 0.1% | ||
Anima Holding S.p.A. (c) | 4,812 | 23,260 |
Azimut Holding S.p.A. | 3,770 | 57,776 |
Banca Generali S.p.A. | 8,037 | 160,763 |
Cerved Information Solutions S.p.A. | 7,748 | 62,131 |
303,930 |
Security | Number of Shares | Value ($) |
Energy 0.0% | ||
Saras S.p.A. | 179,620 | 267,869 |
Food & Staples Retailing 0.0% | ||
MARR S.p.A. | 8,816 | 169,571 |
Food, Beverage & Tobacco 0.1% | ||
Davide Campari-Milano S.p.A. | 41,884 | 455,054 |
Parmalat S.p.A. | 113,548 | 296,685 |
751,739 | ||
Health Care Equipment & Services 0.0% | ||
DiaSorin S.p.A. | 2,665 | 172,004 |
Insurance 0.1% | ||
Societa Cattolica di Assicurazioni Scarl | 44,110 | 254,726 |
Unipol Gruppo Finanziario S.p.A. | 77,136 | 214,260 |
UnipolSai S.p.A. | 112,662 | 187,839 |
656,825 | ||
Materials 0.3% | ||
Buzzi Unicem S.p.A. | 26,889 | 570,801 |
Italcementi S.p.A. * | 72,427 | 852,635 |
1,423,436 | ||
Media 0.1% | ||
RCS MediaGroup S.p.A. *(b) | 296,475 | 320,293 |
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||
Recordati S.p.A. | 11,215 | 338,748 |
Real Estate 0.0% | ||
Beni Stabili S.p.A. * | 265,747 | 162,787 |
Technology Hardware & Equipment 0.0% | ||
Esprinet S.p.A. | 21,583 | 141,825 |
Transportation 0.1% | ||
Ansaldo STS S.p.A. | 19,362 | 227,720 |
ASTM S.p.A. | 22,154 | 253,155 |
Societa Iniziative Autostradali e Servizi S.p.A. | 29,547 | 286,464 |
767,339 | ||
Utilities 0.5% | ||
A2A S.p.A. | 669,259 | 886,265 |
ACEA S.p.A. | 17,809 | 231,868 |
ERG S.p.A. | 37,955 | 422,724 |
Hera S.p.A. | 251,145 | 694,806 |
Iren S.p.A. | 265,749 | 436,567 |
2,672,230 | ||
13,688,724 | ||
Japan 39.4% | ||
Automobiles & Components 2.4% | ||
Aisan Industry Co., Ltd. | 24,591 | 189,957 |
Akebono Brake Industry Co., Ltd. *(b) | 89,479 | 161,769 |
Eagle Industry Co., Ltd. | 5,025 | 64,419 |
Exedy Corp. | 21,548 | 533,726 |
FCC Co., Ltd. | 22,019 | 440,657 |
Futaba Industrial Co., Ltd. | 86,309 | 405,532 |
G-Tekt Corp. | 18,557 | 330,109 |
Kasai Kogyo Co., Ltd. | 14,803 | 136,674 |
Keihin Corp. | 32,514 | 499,490 |
KYB Corp. | 161,664 | 656,440 |
Mitsuba Corp. | 16,272 | 223,861 |
Musashi Seimitsu Industry Co., Ltd. | 13,173 | 264,644 |
Security | Number of Shares | Value ($) |
Nifco, Inc. | 9,646 | 485,867 |
Nippon Seiki Co., Ltd. | 20,538 | 387,390 |
Nissan Shatai Co., Ltd. | 68,947 | 627,245 |
Nissin Kogyo Co., Ltd. | 25,621 | 373,038 |
NOK Corp. | 39,208 | 796,025 |
Pacific Industrial Co., Ltd. | 20,998 | 239,142 |
Piolax, Inc. | 2,670 | 152,298 |
Press Kogyo Co., Ltd. | 86,309 | 370,486 |
Sanden Holdings Corp. | 75,526 | 215,403 |
Showa Corp. | 48,453 | 287,622 |
Sumitomo Riko Co., Ltd. | 32,717 | 304,602 |
Tachi-S Co., Ltd. | 26,854 | 446,550 |
Takata Corp. *(b) | 73,764 | 289,536 |
Tokai Rika Co., Ltd. | 30,099 | 595,083 |
Topre Corp. | 8,898 | 174,803 |
Toyo Tire & Rubber Co., Ltd. | 30,453 | 428,376 |
Toyoda Gosei Co., Ltd. | 40,817 | 939,973 |
Toyota Boshoku Corp. | 42,904 | 980,983 |
TPR Co., Ltd. | 1,178 | 30,112 |
TS Tech Co., Ltd. | 23,353 | 542,085 |
Unipres Corp. | 30,753 | 548,847 |
Yorozu Corp. | 11,227 | 143,492 |
13,266,236 | ||
Banks 2.0% | ||
Ashikaga Holdings Co., Ltd. | 61,666 | 208,067 |
Fukuoka Financial Group, Inc. | 206,235 | 873,311 |
Hokuhoku Financial Group, Inc. | 348,239 | 481,444 |
North Pacific Bank Ltd. | 323,141 | 1,093,434 |
Senshu Ikeda Holdings, Inc. | 44,832 | 202,846 |
Seven Bank Ltd. | 80,899 | 286,257 |
Shinsei Bank Ltd. | 263,945 | 421,046 |
Suruga Bank Ltd. | 17,430 | 414,707 |
The 77 Bank Ltd. | 48,453 | 201,897 |
The Awa Bank Ltd. | 40,668 | 255,563 |
The Bank of Kyoto Ltd. | 34,489 | 249,410 |
The Chiba Bank Ltd. | 144,860 | 858,502 |
The Chugoku Bank Ltd. | 28,385 | 349,616 |
The Daishi Bank Ltd. | 51,306 | 196,425 |
The Gunma Bank Ltd. | 82,809 | 390,688 |
The Hachijuni Bank Ltd. | 61,627 | 325,905 |
The Hiroshima Bank Ltd. | 61,627 | 256,792 |
The Hokkoku Bank Ltd. | 24,638 | 74,556 |
The Hyakugo Bank Ltd. | 41,076 | 150,905 |
The Iyo Bank Ltd. | 37,229 | 240,071 |
The Joyo Bank Ltd. | 89,944 | 357,393 |
The Juroku Bank Ltd. | 71,851 | 199,364 |
The Keiyo Bank Ltd. | 41,076 | 167,187 |
The Kiyo Bank Ltd. | 31,299 | 487,785 |
The Musashino Bank Ltd. | 7,193 | 185,675 |
The Nanto Bank Ltd. | 54,627 | 192,767 |
The Nishi-Nippon City Bank Ltd. | 207,541 | 431,395 |
The Ogaki Kyoritsu Bank Ltd. | 73,042 | 249,276 |
The San-In Godo Bank Ltd. | 22,455 | 153,485 |
The Shiga Bank Ltd. | 33,699 | 162,248 |
The Shizuoka Bank Ltd. | 84,169 | 693,305 |
Yamaguchi Financial Group, Inc. | 41,076 | 433,654 |
11,244,976 | ||
Capital Goods 6.9% | ||
Aica Kogyo Co., Ltd. | 16,394 | 407,492 |
Amada Holdings Co., Ltd. | 70,963 | 742,321 |
Asahi Diamond Industrial Co., Ltd. | 21,548 | 177,284 |
Security | Number of Shares | Value ($) |
Bunka Shutter Co., Ltd. | 26,402 | 184,037 |
Central Glass Co., Ltd. | 99,663 | 382,522 |
Chiyoda Corp. | 54,859 | 443,391 |
Chudenko Corp. | 8,822 | 168,192 |
CKD Corp. | 22,558 | 245,350 |
COMSYS Holdings Corp. | 52,954 | 1,000,871 |
Daifuku Co., Ltd. | 21,363 | 370,318 |
Daihen Corp. | 41,076 | 215,636 |
DMG Mori Co., Ltd. | 23,533 | 259,822 |
Fuji Machine Manufacturing Co., Ltd. | 29,770 | 341,059 |
Fujikura Ltd. | 159,876 | 898,032 |
Fujitec Co., Ltd. | 22,558 | 251,020 |
Furukawa Co., Ltd. | 101,531 | 154,110 |
Futaba Corp. | 12,960 | 194,334 |
Glory Ltd. | 16,777 | 537,688 |
GS Yuasa Corp. | 132,772 | 517,302 |
Hazama Ando Corp. | 34,679 | 193,453 |
Hitachi Koki Co., Ltd. | 21,548 | 151,452 |
Hitachi Zosen Corp. | 92,106 | 480,855 |
Hoshizaki Corp. | 6,660 | 532,491 |
Inaba Denki Sangyo Co., Ltd. | 15,371 | 504,515 |
Inabata & Co., Ltd. | 52,203 | 487,534 |
Iseki & Co., Ltd. | 127,814 | 321,280 |
Iwatani Corp. | 121,625 | 667,888 |
Kanamoto Co., Ltd. | 8,162 | 172,417 |
Kandenko Co., Ltd. | 65,310 | 581,530 |
Kanematsu Corp. | 411,137 | 604,175 |
Keihan Holdings Co., Ltd. | 79,601 | 516,385 |
Kinden Corp. | 72,592 | 795,154 |
Kitz Corp. | 53,430 | 300,636 |
Komori Corp. | 17,252 | 212,325 |
Kumagai Gumi Co., Ltd. | 63,377 | 170,950 |
Kurita Water Industries Ltd. | 35,300 | 805,073 |
Kuroda Electric Co., Ltd. | 21,702 | 407,667 |
Kyowa Exeo Corp. | 59,093 | 849,531 |
Kyudenko Corp. | 13,668 | 432,101 |
Mabuchi Motor Co., Ltd. | 7,164 | 380,242 |
Maeda Corp. | 42,844 | 357,465 |
Maeda Road Construction Co., Ltd. | 30,755 | 523,312 |
Makino Milling Machine Co., Ltd. | 30,755 | 196,837 |
Meidensha Corp. | 61,627 | 194,232 |
Minebea Co., Ltd. | 79,291 | 804,907 |
Mirait Holdings Corp. | 54,034 | 456,051 |
MISUMI Group, Inc. | 42,755 | 746,513 |
Mitsui Engineering & Shipbuilding Co., Ltd. | 537,854 | 743,589 |
Miura Co., Ltd. | 16,461 | 310,807 |
Nabtesco Corp. | 30,305 | 781,979 |
Nachi-Fujikoshi Corp. | 51,306 | 174,600 |
Namura Shipbuilding Co., Ltd. | 36,321 | 227,544 |
Nichias Corp. | 45,690 | 407,714 |
Nichiha Corp. | 16,204 | 299,688 |
Nippo Corp. | 25,601 | 464,078 |
Nippon Densetsu Kogyo Co., Ltd. | 13,373 | 251,467 |
Nippon Sheet Glass Co., Ltd. * | 1,015,431 | 785,367 |
Nippon Steel & Sumikin Bussan Corp. | 135,663 | 464,298 |
Nishimatsu Construction Co., Ltd. | 99,787 | 454,389 |
Nishio Rent All Co., Ltd. | 7,231 | 178,686 |
Nisshinbo Holdings, Inc. | 62,035 | 630,936 |
Nitta Corp. | 6,073 | 141,675 |
Nitto Kogyo Corp. | 10,217 | 127,225 |
Security | Number of Shares | Value ($) |
Noritz Corp. | 21,548 | 421,856 |
NTN Corp. | 194,651 | 713,228 |
Oiles Corp. | 13,351 | 217,364 |
OKUMA Corp. | 34,912 | 266,983 |
Okumura Corp. | 51,977 | 280,400 |
OSG Corp. | 14,339 | 266,166 |
Penta-Ocean Construction Co., Ltd. | 77,964 | 411,547 |
Ryobi Ltd. | 76,376 | 337,447 |
Sanki Engineering Co., Ltd. | 25,559 | 206,330 |
Sankyo Tateyama, Inc. | 24,164 | 364,674 |
Sanwa Holdings Corp. | 57,304 | 508,581 |
Seibu Holdings, Inc. | 28,618 | 470,073 |
Shinmaywa Industries Ltd. | 42,559 | 270,327 |
Sintokogio Ltd. | 28,246 | 225,564 |
Sumitomo Mitsui Construction Co., Ltd. | 76,922 | 72,136 |
Tadano Ltd. | 25,630 | 254,479 |
Taihei Dengyo Kaisha Ltd. | 17,256 | 155,986 |
Taikisha Ltd. | 11,321 | 253,815 |
Takara Standard Co., Ltd. | 35,110 | 292,258 |
Takasago Thermal Engineering Co., Ltd. | 18,664 | 276,798 |
Takuma Co., Ltd. | 14,644 | 126,003 |
The Japan Steel Works Ltd. | 164,434 | 766,251 |
The Nippon Road Co., Ltd. | 43,929 | 169,456 |
THK Co., Ltd. | 34,937 | 684,655 |
Toa Corp. | 83,611 | 151,160 |
Toda Corp. | 67,423 | 343,519 |
TOKAI Holdings Corp. | 45,079 | 264,543 |
Toshiba Machine Co., Ltd. | 57,775 | 190,470 |
Toshiba Plant Systems & Services Corp. | 15,028 | 236,240 |
Totetsu Kogyo Co., Ltd. | 7,061 | 194,829 |
Toyo Engineering Corp. * | 71,935 | 221,852 |
Trusco Nakayama Corp. | 8,818 | 404,945 |
Tsubakimoto Chain Co. | 36,932 | 278,860 |
Ushio, Inc. | 35,694 | 397,194 |
Wakita & Co., Ltd. | 20,066 | 141,229 |
Yamazen Corp. | 37,153 | 282,325 |
Yuasa Trading Co., Ltd. | 11,792 | 228,350 |
Yurtec Corp. | 21,940 | 118,147 |
38,247,834 | ||
Commercial & Professional Services 0.8% | ||
Aeon Delight Co., Ltd. | 7,978 | 224,527 |
Daiseki Co., Ltd. | 10,217 | 177,700 |
Duskin Co., Ltd. | 27,184 | 466,755 |
Kokuyo Co., Ltd. | 42,155 | 582,390 |
Meitec Corp. | 6,630 | 212,806 |
Nissha Printing Co., Ltd. (b) | 9,569 | 230,726 |
Nomura Co., Ltd. | 12,677 | 172,565 |
Okamura Corp. | 28,367 | 259,989 |
Park24 Co., Ltd. | 16,936 | 495,300 |
Relia, Inc. | 21,548 | 203,949 |
Sato Holdings Corp. | 10,217 | 215,136 |
Sohgo Security Services Co., Ltd. | 11,922 | 595,898 |
Temp Holdings Co., Ltd. | 27,083 | 432,291 |
Toppan Forms Co., Ltd. | 30,731 | 323,844 |
4,593,876 | ||
Consumer Durables & Apparel 2.0% | ||
Alpine Electronics, Inc. | 31,401 | 377,960 |
Asics Corp. | 22,710 | 460,413 |
Security | Number of Shares | Value ($) |
Casio Computer Co., Ltd. | 38,381 | 542,124 |
Foster Electric Co., Ltd. | 12,314 | 215,720 |
Fujitsu General Ltd. | 15,776 | 320,904 |
Funai Electric Co., Ltd. | 43,042 | 338,727 |
Gunze Ltd. | 119,107 | 351,212 |
Haseko Corp. | 57,237 | 541,741 |
Heiwa Corp. | 13,851 | 297,147 |
JVC Kenwood Corp. | 176,601 | 414,889 |
Kurabo Industries Ltd. | 143,004 | 255,772 |
Misawa Homes Co., Ltd. | 28,762 | 215,225 |
Mizuno Corp. | 74,788 | 362,245 |
Onward Holdings Co., Ltd. | 89,700 | 631,330 |
PanaHome Corp. | 46,737 | 345,664 |
Pioneer Corp. * | 263,106 | 577,416 |
Rinnai Corp. | 7,094 | 665,266 |
Sangetsu Corp. | 21,575 | 381,085 |
Sankyo Co., Ltd. | 17,007 | 590,275 |
Sanyo Shokai Ltd. | 87,478 | 138,700 |
Seiko Holdings Corp. | 43,517 | 134,630 |
Seiren Co., Ltd. | 18,373 | 204,983 |
Tamron Co., Ltd. | 9,207 | 141,975 |
The Japan Wool Textile Co., Ltd. | 13,847 | 93,710 |
Token Corp. | 3,350 | 247,117 |
Tomy Co., Ltd. | 45,616 | 409,258 |
TSI Holdings Co., Ltd. | 42,714 | 235,797 |
Wacoal Holdings Corp. | 46,343 | 495,532 |
Yamaha Corp. | 31,493 | 1,021,502 |
11,008,319 | ||
Consumer Services 1.0% | ||
Accordia Golf Co., Ltd. | 39,246 | 393,845 |
Doutor Nichires Holdings Co., Ltd. | 16,801 | 297,248 |
Dynam Japan Holdings Co., Ltd. | 228,196 | 333,023 |
HIS Co., Ltd. | 12,697 | 319,650 |
Kyoritsu Maintenance Co., Ltd. | 852 | 55,600 |
McDonald's Holdings Co., Ltd. | 26,036 | 718,894 |
MOS Food Services, Inc. | 6,691 | 193,611 |
Ohsho Food Service Corp. | 4,406 | 169,322 |
Plenus Co., Ltd. | 15,462 | 256,816 |
Resorttrust, Inc. | 8,613 | 183,526 |
Round One Corp. | 54,561 | 382,431 |
Royal Holdings Co., Ltd. | 10,601 | 172,490 |
Saizeriya Co., Ltd. | 12,844 | 268,341 |
Skylark Co., Ltd. | 22,002 | 273,549 |
St Marc Holdings Co., Ltd. | 4,992 | 127,750 |
Tokyo Dome Corp. | 20,535 | 185,031 |
Yoshinoya Holdings Co., Ltd. | 33,097 | 449,570 |
Zensho Holdings Co., Ltd. | 32,823 | 563,578 |
5,344,275 | ||
Diversified Financials 0.7% | ||
Acom Co., Ltd. * | 45,117 | 215,912 |
AEON Financial Service Co., Ltd. | 16,261 | 299,485 |
Century Tokyo Leasing Corp. | 9,431 | 354,227 |
Credit Saison Co., Ltd. | 43,734 | 753,036 |
Fuyo General Lease Co., Ltd. | 4,414 | 207,823 |
Hitachi Capital Corp. | 10,645 | 221,473 |
Jaccs Co., Ltd. | 50,422 | 191,090 |
Japan Exchange Group, Inc. | 17,043 | 266,269 |
Mitsubishi UFJ Lease & Finance Co., Ltd. | 70,834 | 332,136 |
Okasan Securities Group, Inc. | 29,153 | 148,252 |
Security | Number of Shares | Value ($) |
SBI Holdings, Inc. | 31,375 | 372,490 |
Tokai Tokyo Financial Holdings, Inc. | 41,041 | 194,819 |
3,557,012 | ||
Energy 0.2% | ||
Fuji Oil Co., Ltd. * | 21,104 | 61,822 |
Itochu Enex Co., Ltd. | 63,414 | 459,810 |
Japan Petroleum Exploration Co., Ltd. | 17,642 | 388,709 |
Nippon Gas Co., Ltd. | 7,619 | 212,435 |
Shinko Plantech Co., Ltd. | 8,998 | 61,155 |
1,183,931 | ||
Food & Staples Retailing 2.2% | ||
Ain Holdings, Inc. | 5,404 | 306,680 |
Arcs Co., Ltd. | 33,407 | 766,745 |
Axial Retailing, Inc. | 6,210 | 193,021 |
Belc Co., Ltd. | 5,267 | 196,809 |
Cawachi Ltd. | 19,069 | 421,994 |
Cocokara fine, Inc. | 14,524 | 490,756 |
Cosmos Pharmaceutical Corp. | 1,594 | 289,412 |
Create SD Holdings Co., Ltd. | 10,369 | 227,159 |
FamilyMart Co., Ltd. (b) | 39,655 | 2,840,852 |
Heiwado Co., Ltd. | 20,930 | 376,774 |
Kato Sangyo Co., Ltd. | 25,785 | 565,632 |
Life Corp. | 2,356 | 64,119 |
Matsumotokiyoshi Holdings Co., Ltd. | 16,479 | 725,691 |
Ministop Co., Ltd. | 7,710 | 118,071 |
Mitsubishi Shokuhin Co., Ltd. | 17,059 | 487,518 |
San-A Co., Ltd. | 6,641 | 311,392 |
Sugi Holdings Co., Ltd. | 10,901 | 534,327 |
Sundrug Co., Ltd. | 8,663 | 628,148 |
Tsuruha Holdings, Inc. | 8,297 | 813,376 |
Valor Holdings Co., Ltd. | 25,789 | 695,868 |
Welcia Holdings Co., Ltd. | 5,706 | 334,852 |
Yaoko Co., Ltd. | 5,766 | 224,374 |
Yokohama Reito Co., Ltd. | 32,125 | 319,278 |
11,932,848 | ||
Food, Beverage & Tobacco 2.5% | ||
Calbee, Inc. | 10,049 | 364,809 |
Coca-Cola East Japan Co., Ltd. | 25,706 | 452,312 |
Dydo Drinco, Inc. | 5,708 | 278,681 |
Ezaki Glico Co., Ltd. | 12,700 | 636,013 |
Fuji Oil Holdings, Inc. | 31,590 | 614,178 |
Hokuto Corp. | 12,237 | 209,165 |
House Foods Group, Inc. | 25,050 | 539,095 |
Ito En Ltd. | 23,817 | 716,110 |
Kagome Co., Ltd. | 23,900 | 543,691 |
Kikkoman Corp. | 26,052 | 819,832 |
Marudai Food Co., Ltd. | 50,067 | 221,208 |
Maruha Nichiro Corp. | 13,496 | 313,408 |
Megmilk Snow Brand Co., Ltd. | 25,327 | 781,101 |
Morinaga & Co., Ltd. | 46,510 | 375,012 |
Morinaga Milk Industry Co., Ltd. | 154,744 | 982,905 |
Nichirei Corp. | 113,380 | 1,123,551 |
Nippon Flour Mills Co., Ltd. | 68,263 | 473,852 |
Nippon Suisan Kaisha Ltd. | 115,108 | 482,979 |
Nissin Foods Holdings Co., Ltd. | 19,031 | 1,056,102 |
Prima Meat Packers Ltd. | 89,950 | 293,934 |
Sapporo Holdings Ltd. | 28,285 | 694,033 |
Takara Holdings, Inc. | 53,629 | 463,521 |
The Nisshin Oillio Group Ltd. | 112,539 | 480,903 |
Security | Number of Shares | Value ($) |
Warabeya Nichiyo Co., Ltd. | 13,973 | 255,185 |
Yakult Honsha Co., Ltd. | 14,221 | 627,630 |
13,799,210 | ||
Health Care Equipment & Services 0.9% | ||
BML, Inc. | 7,688 | 188,567 |
Hogy Medical Co., Ltd. | 3,078 | 209,198 |
Miraca Holdings, Inc. | 17,224 | 816,781 |
NichiiGakkan Co., Ltd. (b) | 36,942 | 293,936 |
Nihon Kohden Corp. | 18,282 | 416,420 |
Nikkiso Co., Ltd. | 26,150 | 230,062 |
Nipro Corp. | 40,642 | 506,085 |
Paramount Bed Holdings Co., Ltd. | 6,910 | 249,184 |
Ship Healthcare Holdings, Inc. | 13,006 | 347,422 |
Sysmex Corp. | 11,462 | 739,126 |
Toho Holdings Co., Ltd. | 34,366 | 668,149 |
Vital KSK Holdings, Inc. | 10,489 | 95,424 |
4,760,354 | ||
Household & Personal Products 0.5% | ||
Earth Chemical Co., Ltd. | 6,220 | 263,990 |
Fancl Corp. | 20,638 | 325,826 |
Kobayashi Pharmaceutical Co., Ltd. | 10,624 | 493,530 |
Kose Corp. | 3,539 | 317,513 |
Lion Corp. | 44,946 | 629,205 |
Mandom Corp. | 6,149 | 251,762 |
Pigeon Corp. | 10,533 | 280,344 |
Pola Orbis Holdings, Inc. | 3,920 | 313,039 |
2,875,209 | ||
Insurance 0.1% | ||
Japan Post Insurance Co., Ltd. | 4,273 | 90,306 |
Sony Financial Holdings, Inc. | 33,716 | 463,193 |
553,499 | ||
Materials 4.8% | ||
ADEKA Corp. | 38,347 | 563,888 |
Aichi Steel Corp. | 74,335 | 394,546 |
Asahi Holdings, Inc. | 21,548 | 369,567 |
Chuetsu Pulp & Paper Co., Ltd. | 33,210 | 70,315 |
Chugoku Marine Paints Ltd. | 30,755 | 216,758 |
Daido Steel Co., Ltd. | 152,509 | 692,988 |
Daio Paper Corp. (b) | 44,606 | 473,940 |
FP Corp. | 6,539 | 345,173 |
Fuji Seal International, Inc. | 7,548 | 286,785 |
Fujimori Kogyo Co., Ltd. | 7,164 | 161,516 |
Godo Steel Ltd. | 98,691 | 170,790 |
Hitachi Chemical Co., Ltd. | 50,880 | 1,096,944 |
Hitachi Metals Ltd. | 65,051 | 787,392 |
Hokuetsu Kishu Paper Co., Ltd. | 62,811 | 394,713 |
Ishihara Sangyo Kaisha Ltd. * | 194,745 | 126,146 |
Kansai Paint Co., Ltd. | 38,524 | 848,805 |
Kureha Corp. | 87,728 | 330,777 |
Kyoei Steel Ltd. | 10,985 | 213,254 |
Lintec Corp. | 21,906 | 411,499 |
Maruichi Steel Tube Ltd. | 14,611 | 504,290 |
Mitsubishi Gas Chemical Co., Inc. | 164,434 | 1,112,813 |
Nihon Parkerizing Co., Ltd. | 28,482 | 380,274 |
Nippon Kayaku Co., Ltd. | 51,306 | 561,496 |
Nippon Light Metal Holdings Co., Ltd. | 319,771 | 680,134 |
Nippon Paint Holdings Co., Ltd. | 15,768 | 564,803 |
Nippon Shokubai Co., Ltd. | 10,191 | 625,638 |
Nippon Soda Co., Ltd. | 53,607 | 270,536 |
Security | Number of Shares | Value ($) |
Nissan Chemical Industries Ltd. | 24,129 | 741,821 |
Nisshin Steel Co., Ltd. | 49,922 | 641,430 |
Nittetsu Mining Co., Ltd. | 61,627 | 218,660 |
NOF Corp. | 51,977 | 525,122 |
Pacific Metals Co., Ltd. * | 97,065 | 271,202 |
Rengo Co., Ltd. | 149,259 | 887,459 |
Sakai Chemical Industry Co., Ltd. | 70,022 | 209,860 |
Sakata INX Corp. | 21,660 | 255,476 |
Sanyo Chemical Industries Ltd. | 30,755 | 259,277 |
Sanyo Special Steel Co., Ltd. | 68,003 | 371,457 |
Sumitomo Bakelite Co., Ltd. | 101,244 | 503,112 |
Sumitomo Osaka Cement Co., Ltd. | 158,907 | 718,988 |
Taiyo Nippon Sanso Corp. | 78,100 | 792,817 |
The Nippon Synthetic Chemical Industry Co., Ltd. | 30,373 | 266,628 |
Toagosei Co., Ltd. | 66,020 | 705,932 |
Toho Zinc Co., Ltd. | 103,044 | 316,798 |
Tokai Carbon Co., Ltd. | 125,462 | 331,137 |
Tokuyama Corp. * | 355,168 | 1,449,035 |
Tokyo Ohka Kogyo Co., Ltd. | 9,979 | 313,547 |
Tokyo Steel Manufacturing Co., Ltd. | 36,789 | 258,930 |
Topy Industries Ltd. | 153,526 | 311,698 |
Toyo Ink SC Holdings Co., Ltd. | 112,049 | 478,809 |
Toyo Kohan Co., Ltd. | 24,851 | 65,590 |
Toyobo Co., Ltd. | 447,732 | 709,896 |
UACJ Corp. | 130,354 | 407,061 |
Yamato Kogyo Co., Ltd. | 16,016 | 490,072 |
Yodogawa Steel Works Ltd. | 12,572 | 330,238 |
Zeon Corp. | 81,846 | 704,239 |
26,192,071 | ||
Media 0.6% | ||
Asatsu-DK, Inc. | 26,340 | 645,799 |
Avex Group Holdings, Inc. | 24,591 | 318,576 |
CyberAgent, Inc. | 7,518 | 407,754 |
Daiichikosho Co., Ltd. | 11,166 | 432,347 |
SKY Perfect JSAT Holdings, Inc. | 67,371 | 306,128 |
Toei Co., Ltd. | 23,417 | 176,360 |
Toho Co., Ltd. | 20,113 | 586,269 |
Tokyo Broadcasting System Holdings, Inc. | 16,776 | 230,470 |
TV Asahi Holdings Corp. | 11,157 | 178,409 |
3,282,112 | ||
Pharmaceuticals, Biotechnology & Life Sciences 1.2% | ||
Hisamitsu Pharmaceutical Co., Inc. | 13,008 | 582,269 |
Kaken Pharmaceutical Co., Ltd. | 4,717 | 266,325 |
Kissei Pharmaceutical Co., Ltd. | 9,207 | 221,641 |
KYORIN Holdings, Inc. | 17,014 | 340,987 |
Mochida Pharmaceutical Co., Ltd. | 4,784 | 330,697 |
Nichi-iko Pharmaceutical Co., Ltd. | 8,197 | 144,786 |
Nippon Shinyaku Co., Ltd. | 4,603 | 213,384 |
Ono Pharmaceutical Co., Ltd. | 29,676 | 773,782 |
Rohto Pharmaceutical Co., Ltd. | 24,297 | 380,775 |
Santen Pharmaceutical Co., Ltd. | 46,815 | 589,289 |
Sawai Pharmaceutical Co., Ltd. | 5,713 | 375,583 |
Sumitomo Dainippon Pharma Co., Ltd. | 44,687 | 748,276 |
Taisho Pharmaceutical Holdings Co., Ltd. | 10,874 | 996,621 |
Tsumura & Co. | 19,259 | 507,193 |
6,471,608 |
Security | Number of Shares | Value ($) |
Real Estate 1.5% | ||
Activia Properties, Inc. | 5 | 25,523 |
Advance Residence Investment Corp. | 147 | 392,246 |
Aeon Mall Co., Ltd. | 25,621 | 360,653 |
Daikyo, Inc. | 140,523 | 222,804 |
Frontier Real Estate Investment Corp. | 46 | 225,030 |
Hulic Co., Ltd. | 6,529 | 61,859 |
Japan Excellent, Inc. | 202 | 272,237 |
Japan Prime Realty Investment Corp. | 79 | 349,422 |
Japan Real Estate Investment Corp. | 117 | 687,736 |
Kenedix Office Investment Corp. | 50 | 301,639 |
Leopalace21 Corp. | 94,583 | 627,292 |
Mori Trust Sogo REIT, Inc. | 84 | 148,453 |
Nippon Accommodations Fund, Inc. | 45 | 192,730 |
Nippon Building Fund, Inc. | 154 | 942,447 |
Nippon Prologis REIT, Inc. | 90 | 216,049 |
Nomura Real Estate Holdings, Inc. | 43,525 | 709,462 |
NTT Urban Development Corp. | 20,538 | 188,433 |
Orix JREIT, Inc. | 229 | 400,504 |
Relo Group, Inc. | 1,797 | 254,865 |
Tokyo Tatemono Co., Ltd. | 35,988 | 422,733 |
Tokyu Fudosan Holdings Corp. | 129,632 | 721,884 |
Tokyu REIT, Inc. | 43 | 58,949 |
United Urban Investment Corp. | 263 | 468,612 |
8,251,562 | ||
Retailing 2.4% | ||
ABC-Mart, Inc. | 4,040 | 253,879 |
Adastria Co., Ltd. | 8,899 | 198,224 |
Alpen Co., Ltd. | 12,327 | 221,787 |
AOKI Holdings, Inc. | 16,619 | 171,436 |
Aoyama Trading Co., Ltd. | 17,394 | 565,030 |
Arcland Sakamoto Co., Ltd. | 21,202 | 227,322 |
ASKUL Corp. | 6,261 | 225,477 |
Autobacs Seven Co., Ltd. | 48,370 | 670,123 |
Bic Camera, Inc. | 33,689 | 265,773 |
Canon Marketing Japan, Inc. | 34,039 | 597,291 |
Chiyoda Co., Ltd. | 12,045 | 253,395 |
DCM Holdings Co., Ltd. | 93,894 | 715,314 |
Doshisha Co., Ltd. | 9,169 | 174,453 |
EDION Corp. | 127,489 | 1,000,832 |
Fuji Co., Ltd. | 2,669 | 48,666 |
Geo Holdings Corp. | 33,415 | 425,461 |
H2O Retailing Corp. | 45,129 | 614,314 |
Hikari Tsushin, Inc. | 5,669 | 509,708 |
IDOM, Inc. | 24,591 | 146,688 |
Izumi Co., Ltd. | 11,649 | 457,243 |
Joyful Honda Co., Ltd. | 17,720 | 428,460 |
Kohnan Shoji Co., Ltd. | 29,455 | 535,649 |
Komeri Co., Ltd. | 20,538 | 476,543 |
Marui Group Co., Ltd. | 65,668 | 800,574 |
Nojima Corp. | 17,981 | 204,956 |
PALTAC Corp. | 5,238 | 108,877 |
Rakuten, Inc. | 55,631 | 701,337 |
Ryohin Keikaku Co., Ltd. | 3,166 | 571,156 |
Sanrio Co., Ltd. (b) | 14,066 | 261,778 |
Seria Co., Ltd. | 893 | 59,053 |
Shimachu Co., Ltd. | 5,990 | 133,832 |
T-Gaia Corp. | 1,917 | 26,225 |
United Arrows Ltd. | 6,372 | 163,065 |
Security | Number of Shares | Value ($) |
USS Co., Ltd. | 35,696 | 570,805 |
Xebio Holdings Co., Ltd. | 25,838 | 392,435 |
Yellow Hat Ltd. | 2,882 | 53,051 |
13,230,212 | ||
Semiconductors & Semiconductor Equipment 0.5% | ||
Advantest Corp. | 27,730 | 415,273 |
Disco Corp. | 4,291 | 484,545 |
Renesas Electronics Corp. * | 10,602 | 63,242 |
Sanken Electric Co., Ltd. | 62,065 | 200,413 |
SCREEN Holdings Co., Ltd. | 45,469 | 589,490 |
Shindengen Electric Manufacturing Co., Ltd. | 30,557 | 120,532 |
Shinko Electric Industries Co., Ltd. | 43,109 | 238,811 |
Sumco Corp. | 16,605 | 145,124 |
Tokyo Seimitsu Co., Ltd. | 9,837 | 261,439 |
Ulvac, Inc. | 7,630 | 214,955 |
2,733,824 | ||
Software & Services 2.0% | ||
Capcom Co., Ltd. | 12,548 | 272,954 |
DeNA Co., Ltd. | 44,868 | 1,331,704 |
DTS Corp. | 9,207 | 189,329 |
Fuji Soft, Inc. | 13,821 | 374,270 |
Gree, Inc. | 83,537 | 424,005 |
GungHo Online Entertainment, Inc. | 22,821 | 54,275 |
Internet Initiative Japan, Inc. | 8,346 | 153,873 |
Itochu Techno-Solutions Corp. | 19,943 | 486,838 |
Konami Holdings Corp. | 32,884 | 1,161,996 |
NEC Networks & System Integration Corp. | 21,548 | 351,859 |
NET One Systems Co., Ltd. | 72,958 | 495,862 |
Nexon Co., Ltd. | 20,816 | 285,167 |
Nihon Unisys Ltd. | 27,515 | 350,338 |
Nomura Research Institute Ltd. | 22,282 | 753,971 |
NS Solutions Corp. | 9,963 | 172,319 |
Obic Co., Ltd. | 5,948 | 304,775 |
Oracle Corp. Japan | 6,885 | 400,712 |
Otsuka Corp. | 15,762 | 668,211 |
SCSK Corp. | 6,194 | 227,855 |
Square Enix Holdings Co., Ltd. | 13,707 | 401,530 |
TIS, Inc. | 37,226 | 883,548 |
TKC Corp. | 2,569 | 75,877 |
Transcosmos, Inc. | 10,104 | 234,541 |
Trend Micro, Inc. | 16,477 | 584,624 |
Yahoo Japan Corp. | 143,796 | 586,667 |
11,227,100 | ||
Technology Hardware & Equipment 2.5% | ||
Amano Corp. | 20,638 | 296,696 |
Anritsu Corp. | 67,369 | 371,251 |
Azbil Corp. | 23,793 | 696,986 |
Canon Electronics, Inc. | 14,801 | 217,933 |
Citizen Holdings Co., Ltd. | 105,837 | 585,283 |
Daiwabo Holdings Co., Ltd. | 215,831 | 459,060 |
Eizo Corp. | 9,247 | 231,991 |
Hamamatsu Photonics K.K. | 19,572 | 615,912 |
Hirose Electric Co., Ltd. | 5,772 | 741,066 |
Hitachi High-Technologies Corp. | 29,891 | 1,108,251 |
Hitachi Kokusai Electric, Inc. | 15,410 | 273,532 |
Hitachi Maxell Ltd. | 30,308 | 473,805 |
Horiba Ltd. | 11,421 | 530,554 |
Hosiden Corp. | 81,533 | 610,108 |
Security | Number of Shares | Value ($) |
Japan Aviation Electronics Industry Ltd. | 25,080 | 389,166 |
Mitsumi Electric Co., Ltd. *(b) | 107,925 | 668,825 |
Nichicon Corp. | 27,725 | 225,156 |
Nippon Signal Co., Ltd. | 21,548 | 174,992 |
Oki Electric Industry Co., Ltd. | 271,156 | 361,769 |
Riso Kagaku Corp. | 10,217 | 167,526 |
Ryosan Co., Ltd. | 20,573 | 617,578 |
Ryoyo Electro Corp. | 18,307 | 214,689 |
Shimadzu Corp. | 40,769 | 638,130 |
Siix Corp. | 6,871 | 259,070 |
Taiyo Yuden Co., Ltd. | 43,933 | 454,897 |
Topcon Corp. | 10,316 | 135,040 |
Toshiba TEC Corp. * | 115,057 | 449,394 |
UKC Holdings Corp. | 6,416 | 97,944 |
Wacom Co., Ltd. | 38,922 | 121,919 |
Yaskawa Electric Corp. | 49,575 | 730,433 |
Yokogawa Electric Corp. | 62,057 | 794,949 |
13,713,905 | ||
Transportation 1.5% | ||
Fukuyama Transporting Co., Ltd. | 82,165 | 475,029 |
Hitachi Transport System, Ltd. | 26,682 | 522,367 |
Japan Airport Terminal Co., Ltd. (b) | 6,399 | 252,409 |
Kamigumi Co., Ltd. | 99,630 | 863,039 |
Keikyu Corp. | 67,790 | 627,861 |
Keio Corp. | 107,137 | 896,995 |
Keisei Electric Railway Co., Ltd. | 39,849 | 479,259 |
Kintetsu World Express, Inc. | 22,503 | 273,687 |
Konoike Transport Co., Ltd. | 18,022 | 234,695 |
Mitsubishi Logistics Corp. | 30,289 | 467,066 |
Mitsui-Soko Holdings Co., Ltd. | 70,840 | 208,202 |
Nankai Electric Railway Co., Ltd. | 97,201 | 448,251 |
Nippon Holdings Co., Ltd. | 21,697 | 467,985 |
Nishi-Nippon Railroad Co., Ltd. | 88,040 | 405,153 |
Sankyu, Inc. | 138,317 | 787,632 |
Senko Co., Ltd. | 52,428 | 317,300 |
Sotetsu Holdings, Inc. | 63,162 | 316,314 |
The Sumitomo Warehouse Co., Ltd. | 51,306 | 254,459 |
Trancom Co., Ltd. | 1,254 | 75,530 |
Yusen Logistics Co., Ltd. | 6,316 | 62,650 |
8,435,883 | ||
Utilities 0.2% | ||
Hokkaido Electric Power Co., Inc. | 96,422 | 782,115 |
Shizuoka Gas Co., Ltd. | 3,680 | 26,434 |
The Okinawa Electric Power Co., Inc. | 24,291 | 495,519 |
1,304,068 | ||
217,209,924 | ||
Luxembourg 0.5% | ||
Banks 0.0% | ||
Espirito Santo Financial Group S.A. *(d) | 8,470 | — |
Commercial & Professional Services 0.1% | ||
Regus plc | 80,210 | 314,838 |
Consumer Durables & Apparel 0.1% | ||
Samsonite International S.A. | 185,445 | 585,735 |
Security | Number of Shares | Value ($) |
Materials 0.3% | ||
APERAM S.A. | 20,561 | 847,293 |
Ternium S.A. ADR | 40,719 | 814,380 |
1,661,673 | ||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||
Eurofins Scientific SE | 416 | 168,371 |
Retailing 0.0% | ||
L'Occitane International S.A. | 65,261 | 139,158 |
2,869,775 | ||
Netherlands 2.0% | ||
Banks 0.0% | ||
ABN AMRO Group N.V. (c) | 9,522 | 195,400 |
Capital Goods 0.5% | ||
Aalberts Industries N.V. | 21,329 | 713,842 |
Arcadis N.V. | 27,311 | 365,620 |
IMCD Group N.V. | 1,563 | 64,392 |
Koninklijke BAM Groep N.V. | 135,854 | 608,861 |
Sensata Technologies Holding N.V. * | 13,323 | 507,340 |
TKH Group N.V. | 8,985 | 342,491 |
2,602,546 | ||
Commercial & Professional Services 0.0% | ||
Brunel International N.V. | 8,511 | 150,386 |
Consumer Durables & Apparel 0.0% | ||
TomTom N.V. * | 19,255 | 176,516 |
Diversified Financials 0.2% | ||
Euronext N.V. (c) | 7,877 | 331,927 |
HAL Trust (b) | 3,589 | 737,132 |
1,069,059 | ||
Energy 0.3% | ||
Core Laboratories N.V. | 3,658 | 408,891 |
Koninklijke Vopak N.V. | 12,224 | 618,914 |
Nostrum Oil & Gas plc * | 32,378 | 125,944 |
SBM Offshore N.V. | 51,872 | 758,552 |
1,912,301 | ||
Food & Staples Retailing 0.2% | ||
X5 Retail Group N.V. GDR - Reg’d * | 35,818 | 947,386 |
Food, Beverage & Tobacco 0.0% | ||
Refresco Group N.V. (c) | 626 | 10,186 |
Materials 0.2% | ||
Corbion N.V. | 24,147 | 657,551 |
OCI N.V. * | 19,392 | 338,870 |
996,421 | ||
Media 0.0% | ||
Altice N.V., A Shares * | 4,791 | 79,640 |
Altice N.V., B Shares * | 1,604 | 26,627 |
106,267 | ||
Real Estate 0.2% | ||
Eurocommercial Properties N.V. | 5,513 | 250,178 |
NSI N.V. | 38,068 | 161,071 |
Vastned Retail N.V. | 4,047 | 167,335 |
Wereldhave N.V. | 5,929 | 283,749 |
862,333 | ||
Retailing 0.0% | ||
Beter Bed Holding N.V. | 7,285 | 170,387 |
Security | Number of Shares | Value ($) |
Semiconductors & Semiconductor Equipment 0.1% | ||
ASM International N.V. | 11,632 | 442,159 |
BE Semiconductor Industries N.V. | 2,357 | 73,634 |
515,793 | ||
Software & Services 0.1% | ||
InterXion Holding N.V. * | 1,065 | 39,724 |
Yandex N.V., Class A * | 18,446 | 406,550 |
446,274 | ||
Transportation 0.2% | ||
PostNL N.V. * | 204,775 | 894,711 |
11,055,966 | ||
New Zealand 1.3% | ||
Consumer Services 0.1% | ||
SKYCITY Entertainment Group Ltd. | 141,708 | 515,074 |
Energy 0.1% | ||
Z Energy Ltd. | 76,947 | 473,396 |
Food, Beverage & Tobacco 0.1% | ||
Fonterra Co-operative Group Ltd. | 69,233 | 293,335 |
Health Care Equipment & Services 0.1% | ||
Fisher & Paykel Healthcare Corp., Ltd. | 41,748 | 292,887 |
Materials 0.1% | ||
Nuplex Industries Ltd. | 106,128 | 411,928 |
Media 0.1% | ||
SKY Network Television Ltd. | 147,959 | 521,693 |
Real Estate 0.0% | ||
Kiwi Property Group Ltd. | 195,530 | 219,878 |
Telecommunication Services 0.1% | ||
Chorus Ltd. | 205,201 | 632,711 |
Transportation 0.1% | ||
Air New Zealand Ltd. | 247,520 | 405,841 |
Auckland International Airport Ltd. | 77,940 | 424,091 |
Mainfreight Ltd. | 19,742 | 246,352 |
1,076,284 | ||
Utilities 0.5% | ||
Contact Energy Ltd. | 127,684 | 481,701 |
Genesis Energy Ltd. | 160,628 | 261,040 |
Infratil Ltd. | 255,035 | 625,394 |
Mercury NZ Ltd. | 191,579 | 440,600 |
Meridian Energy Ltd. | 511,175 | 1,075,486 |
2,884,221 | ||
7,321,407 | ||
Norway 1.2% | ||
Automobiles & Components 0.0% | ||
Kongsberg Automotive A.S.A. * | 87,990 | 63,821 |
Banks 0.1% | ||
SpareBank 1 SMN | 45,374 | 282,870 |
Capital Goods 0.1% | ||
Veidekke A.S.A. | 25,754 | 373,600 |
Commercial & Professional Services 0.0% | ||
Tomra Systems A.S.A. | 22,603 | 252,015 |
Diversified Financials 0.0% | ||
Aker A.S.A., A Shares | 7,780 | 241,577 |
Security | Number of Shares | Value ($) |
Energy 0.3% | ||
Aker Solutions A.S.A. * | 34,754 | 153,497 |
BW LPG Ltd. (c) | 17,765 | 46,856 |
Fred. Olsen Energy A.S.A. *(b) | 111,795 | 190,992 |
Petroleum Geo-Services A.S.A. *(b) | 314,858 | 669,268 |
TGS Nopec Geophysical Co. A.S.A. | 35,897 | 624,887 |
1,685,500 | ||
Food, Beverage & Tobacco 0.2% | ||
Austevoll Seafood A.S.A. | 34,406 | 269,148 |
Bakkafrost P/F | 2,045 | 73,429 |
Leroy Seafood Group A.S.A. | 5,360 | 240,333 |
Salmar A.S.A. | 8,358 | 231,167 |
814,077 | ||
Insurance 0.2% | ||
Gjensidige Forsikring A.S.A. | 49,495 | 849,137 |
Storebrand A.S.A. * | 121,791 | 514,404 |
1,363,541 | ||
Materials 0.0% | ||
Borregaard A.S.A. | 30,655 | 248,993 |
Media 0.1% | ||
Schibsted A.S.A., B Shares | 2,258 | 65,240 |
Schibsted A.S.A., Class A | 13,587 | 431,013 |
496,253 | ||
Retailing 0.0% | ||
XXL A.S.A. (c) | 5,708 | 68,774 |
Semiconductors & Semiconductor Equipment 0.1% | ||
REC Silicon A.S.A. *(b) | 2,951,650 | 425,704 |
Software & Services 0.1% | ||
Atea A.S.A. * | 52,083 | 510,459 |
6,827,184 | ||
Portugal 0.4% | ||
Banks 0.1% | ||
Banco Comercial Portugues S.A. - Reg'd * | 19,679,523 | 394,525 |
Banco Espirito Santo S.A. - Reg'd *(d)(e) | 45,383 | — |
394,525 | ||
Capital Goods 0.0% | ||
Mota-Engil, SGPS, S.A. | 95,178 | 185,614 |
Food & Staples Retailing 0.1% | ||
Sonae, SGPS, S.A. | 445,004 | 370,726 |
Materials 0.1% | ||
Semapa-Sociedade de Investimento e Gestao | 18,204 | 237,214 |
The Navigator Co. S.A. | 69,981 | 231,485 |
468,699 | ||
Media 0.0% | ||
NOS, SGPS S.A. | 31,211 | 211,140 |
Transportation 0.1% | ||
CTT-Correios de Portugal S.A. | 34,727 | 254,341 |
Utilities 0.0% | ||
REN - Redes Energeticas Nacionais, SGPS, S.A. | 70,304 | 204,914 |
2,089,959 |
Security | Number of Shares | Value ($) |
Singapore 2.0% | ||
Capital Goods 0.4% | ||
COSCO Corp., Ltd. * | 551,351 | 105,185 |
Sembcorp Marine Ltd. (b) | 442,151 | 413,650 |
Singapore Technologies Engineering Ltd. | 370,964 | 879,197 |
United Engineers Ltd. | 141,032 | 232,837 |
Yangzijiang Shipbuilding Holdings Ltd. | 864,282 | 485,142 |
2,116,011 | ||
Consumer Services 0.1% | ||
Genting Singapore plc | 1,006,534 | 531,757 |
Diversified Financials 0.1% | ||
Singapore Exchange Ltd. | 65,991 | 366,065 |
Food & Staples Retailing 0.1% | ||
Olam International Ltd. | 272,343 | 415,654 |
Real Estate 0.7% | ||
Ascendas Real Estate Investment Trust | 255,696 | 459,665 |
CapitaLand Commercial Trust Ltd. | 215,831 | 244,678 |
CapitaLand Mall Trust | 320,880 | 508,567 |
City Developments Ltd. | 137,574 | 857,030 |
Global Logistic Properties Ltd. | 254,540 | 338,988 |
Mapletree Greater China Commercial Trust | 249,935 | 201,731 |
Mapletree Industrial Trust | 144,130 | 188,246 |
Mapletree Logistics Trust | 235,424 | 184,836 |
Suntec Real Estate Investment Trust | 220,121 | 270,538 |
UOL Group Ltd. | 91,183 | 371,998 |
Wing Tai Holdings Ltd. | 174,694 | 219,193 |
Yanlord Land Group Ltd. | 236,031 | 218,218 |
4,063,688 | ||
Semiconductors & Semiconductor Equipment 0.0% | ||
Kulicke & Soffa Industries, Inc. * | 21,754 | 266,051 |
Technology Hardware & Equipment 0.2% | ||
Venture Corp., Ltd. | 131,988 | 890,993 |
Telecommunication Services 0.1% | ||
M1 Ltd. | 109,226 | 213,988 |
StarHub Ltd. | 133,575 | 358,722 |
572,710 | ||
Transportation 0.3% | ||
Hutchison Port Holdings Trust | 2,179,128 | 937,025 |
SATS Ltd. | 162,409 | 561,284 |
Singapore Post Ltd. | 215,831 | 216,172 |
SMRT Corp., Ltd. | 215,831 | 260,514 |
1,974,995 | ||
11,197,924 | ||
Spain 1.8% | ||
Banks 0.2% | ||
Bankia S.A. | 601,430 | 506,401 |
Bankinter S.A. | 103,715 | 759,610 |
1,266,011 |
Security | Number of Shares | Value ($) |
Capital Goods 0.5% | ||
Construcciones y Auxiliar de Ferrocarriles S.A. | 830 | 317,304 |
Fomento de Construcciones y Contratas S.A. * | 91,582 | 956,958 |
Gamesa Corp. Tecnologica S.A. | 27,565 | 631,663 |
Obrascon Huarte Lain S.A. (b) | 84,114 | 280,109 |
Sacyr S.A. (b) | 125,049 | 234,536 |
Zardoya Otis S.A. *(d) | 1,237 | 11,642 |
Zardoya Otis S.A. | 33,213 | 312,574 |
2,744,786 | ||
Commercial & Professional Services 0.1% | ||
Applus Services S.A. | 6,697 | 69,590 |
Prosegur Cia de Seguridad S.A. | 81,184 | 543,416 |
613,006 | ||
Consumer Services 0.1% | ||
Melia Hotels International S.A. | 17,290 | 214,905 |
NH Hotel Group S.A. * | 35,539 | 161,097 |
376,002 | ||
Diversified Financials 0.1% | ||
Bolsas y Mercados Espanoles SHMSF S.A. (b) | 12,641 | 395,547 |
Energy 0.1% | ||
Tecnicas Reunidas S.A. | 8,501 | 305,059 |
Food, Beverage & Tobacco 0.2% | ||
Ebro Foods S.A. | 21,614 | 482,896 |
Viscofan S.A. | 7,703 | 420,296 |
903,192 | ||
Insurance 0.0% | ||
Grupo Catalana Occidente S.A. | 8,605 | 243,716 |
Materials 0.2% | ||
Acerinox S.A. | 69,949 | 866,311 |
Ence Energia y Celulosa S.A. | 41,107 | 103,927 |
Vidrala S.A. | 3,724 | 226,252 |
1,196,490 | ||
Media 0.2% | ||
Mediaset Espana Comunicacion S.A. | 35,880 | 431,782 |
Promotora de Informaciones S.A., Class A * | 60,012 | 367,611 |
799,393 | ||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||
Almirall S.A. | 9,820 | 149,509 |
Software & Services 0.1% | ||
Indra Sistemas S.A. *(b) | 50,310 | 649,419 |
Telecommunication Services 0.0% | ||
Cellnex Telecom SAU (c) | 1,704 | 29,701 |
Transportation 0.0% | ||
Aena S.A. (c) | 1,210 | 170,813 |
Utilities 0.0% | ||
EDP Renovaveis S.A. | 23,358 | 186,345 |
10,028,989 | ||
Sweden 2.0% | ||
Capital Goods 0.4% | ||
B&B Tools AB, B Shares | 13,774 | 301,952 |
Indutrade AB | 12,601 | 270,507 |
Security | Number of Shares | Value ($) |
Inwido AB | 5,497 | 71,950 |
Lindab International AB | 8,083 | 78,183 |
Nibe Industrier AB, B Shares | 30,061 | 268,680 |
Nolato AB, B Shares | 1,065 | 29,370 |
Peab AB | 73,649 | 614,465 |
Saab AB, Class B | 12,068 | 410,339 |
2,045,446 | ||
Commercial & Professional Services 0.2% | ||
AF AB, B Shares | 11,048 | 214,496 |
Intrum Justitia AB | 9,905 | 312,191 |
Loomis AB, B Shares | 13,047 | 372,732 |
899,419 | ||
Consumer Durables & Apparel 0.3% | ||
Husqvarna AB, B Shares | 138,990 | 1,200,132 |
JM AB | 18,625 | 472,363 |
Nobia AB | 6,979 | 63,313 |
1,735,808 | ||
Consumer Services 0.0% | ||
Betsson AB * | 19,666 | 194,232 |
Diversified Financials 0.2% | ||
L E Lundbergfortagen AB, B Shares | 5,939 | 362,535 |
Ratos AB, B Shares | 109,215 | 514,753 |
877,288 | ||
Energy 0.1% | ||
Lundin Petroleum AB * | 22,758 | 399,915 |
Food & Staples Retailing 0.1% | ||
Axfood AB | 20,589 | 365,162 |
ICA Gruppen AB | 6,794 | 232,041 |
597,203 | ||
Food, Beverage & Tobacco 0.0% | ||
AAK AB | 3,640 | 264,429 |
Health Care Equipment & Services 0.1% | ||
Capio AB (c) | 12,140 | 71,841 |
Elekta AB, B Shares | 67,714 | 577,976 |
649,817 | ||
Materials 0.2% | ||
BillerudKorsnas AB | 25,702 | 437,862 |
Hexpol AB | 23,150 | 210,690 |
Holmen AB, B Shares | 9,625 | 335,802 |
984,354 | ||
Media 0.1% | ||
Modern Times Group MTG AB, B Shares | 15,430 | 387,194 |
Real Estate 0.2% | ||
Castellum AB | 26,966 | 406,885 |
Fabege AB | 15,755 | 291,735 |
Kungsleden AB | 34,060 | 263,118 |
Wihlborgs Fastigheter AB | 8,313 | 180,492 |
1,142,230 | ||
Retailing 0.1% | ||
Bilia AB, A Shares | 15,636 | 397,468 |
Clas Ohlson AB, B Shares | 11,227 | 184,588 |
Mekonomen AB | 3,005 | 60,269 |
642,325 | ||
Telecommunication Services 0.0% | ||
Com Hem Holding AB | 7,712 | 64,118 |
Security | Number of Shares | Value ($) |
Transportation 0.0% | ||
SAS AB *(b) | 78,522 | 162,063 |
11,045,841 | ||
Switzerland 2.9% | ||
Automobiles & Components 0.0% | ||
Autoneum Holding AG | 248 | 70,105 |
Banks 0.1% | ||
Banque Cantonale Vaudoise - Reg'd | 367 | 241,292 |
Valiant Holding AG - Reg'd | 2,440 | 230,578 |
471,870 | ||
Capital Goods 0.8% | ||
AFG Arbonia-Forster Holding AG - Reg'd * | 13,710 | 228,140 |
Belimo Holding AG - Reg'd | 71 | 238,461 |
Bucher Industries AG - Reg'd | 1,828 | 463,256 |
Burckhardt Compression Holding AG | 528 | 146,032 |
Conzzeta AG - Reg'd | 265 | 176,118 |
Daetwyler Holding AG | 1,637 | 241,581 |
dorma+kaba Holding AG, B Shares - Reg'd | 472 | 370,855 |
Georg Fischer AG - Reg'd | 1,099 | 884,748 |
Implenia AG - Reg'd | 4,629 | 312,589 |
OC Oerlikon Corp. AG - Reg'd * | 47,889 | 460,588 |
Schweiter Technologies AG | 167 | 191,382 |
SFS Group AG * | 894 | 67,376 |
Sulzer AG - Reg'd | 6,879 | 654,609 |
Zehnder Group AG - Reg'd * | 3,914 | 155,158 |
4,590,893 | ||
Commercial & Professional Services 0.1% | ||
DKSH Holding AG | 8,850 | 613,839 |
Consumer Durables & Apparel 0.1% | ||
Forbo Holding AG - Reg'd * | 240 | 329,999 |
Diversified Financials 0.2% | ||
Cembra Money Bank AG * | 3,039 | 220,374 |
GAM Holding AG * | 29,070 | 282,549 |
Partners Group Holding AG | 1,090 | 500,321 |
Vontobel Holding AG - Reg'd | 1,469 | 71,091 |
1,074,335 | ||
Food, Beverage & Tobacco 0.1% | ||
Barry Callebaut AG - Reg'd * | 357 | 459,262 |
Emmi AG - Reg'd * | 586 | 391,243 |
850,505 | ||
Health Care Equipment & Services 0.2% | ||
Sonova Holding AG - Reg'd | 5,609 | 776,942 |
Straumann Holding AG - Reg'd | 703 | 272,958 |
1,049,900 | ||
Household & Personal Products 0.1% | ||
Oriflame Holding AG * | 25,770 | 791,499 |
Insurance 0.1% | ||
Helvetia Holding AG - Reg'd | 1,188 | 594,574 |
Materials 0.2% | ||
EMS-Chemie Holding AG - Reg'd | 989 | 526,937 |
Schmolz + Bickenbach AG - Reg'd * | 493,085 | 346,271 |
873,208 | ||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||
Galenica AG - Reg'd | 399 | 463,345 |
Security | Number of Shares | Value ($) |
Real Estate 0.2% | ||
Allreal Holding AG - Reg'd * | 1,821 | 268,920 |
Mobimo Holding AG - Reg'd * | 280 | 69,875 |
PSP Swiss Property AG - Reg'd | 678 | 65,002 |
Swiss Prime Site AG - Reg'd * | 5,110 | 449,865 |
853,662 | ||
Retailing 0.2% | ||
Dufry AG - Reg'd * | 3,527 | 412,809 |
Valora Holding AG - Reg'd | 1,734 | 472,965 |
885,774 | ||
Software & Services 0.0% | ||
Temenos Group AG - Reg'd * | 3,835 | 223,063 |
Technology Hardware & Equipment 0.2% | ||
Inficon Holding AG - Reg'd * | 178 | 66,939 |
Kudelski S.A. * | 13,380 | 251,245 |
Logitech International S.A. - Reg'd | 32,728 | 686,171 |
1,004,355 | ||
Telecommunication Services 0.0% | ||
Sunrise Communications Group AG *(c) | 2,216 | 150,883 |
Transportation 0.2% | ||
Flughafen Zuerich AG - Reg’d | 2,425 | 449,188 |
Panalpina Welttransport Holding AG - Reg'd | 4,238 | 584,879 |
Wizz Air Holdings plc *(c) | 2,295 | 48,002 |
1,082,069 | ||
Utilities 0.0% | ||
BKW AG | 1,450 | 66,409 |
16,040,287 | ||
United Kingdom 10.7% | ||
Banks 0.0% | ||
The Paragon Group of Cos. plc | 32,384 | 134,577 |
Capital Goods 1.4% | ||
Bodycote plc | 46,647 | 360,758 |
Brammer plc | 53,525 | 80,617 |
Chemring Group plc | 153,059 | 287,161 |
Diploma plc | 17,881 | 194,610 |
Fenner plc | 131,012 | 287,407 |
Galliford Try plc | 15,184 | 225,712 |
Grafton Group plc | 62,239 | 446,291 |
Howden Joinery Group plc | 51,409 | 307,296 |
Interserve plc | 75,075 | 423,046 |
Keller Group plc | 31,171 | 371,096 |
Kier Group plc | 14,361 | 234,731 |
Lavendon Group plc | 70,843 | 123,865 |
Melrose Industries plc | 455,879 | 883,655 |
Morgan Advanced Materials plc | 98,045 | 366,994 |
QinetiQ Group plc | 150,613 | 454,679 |
Rotork plc | 159,250 | 419,016 |
Senior plc | 103,014 | 318,540 |
SIG plc | 370,716 | 607,394 |
Spirax-Sarco Engineering plc | 11,813 | 670,534 |
Ultra Electronics Holdings plc | 14,361 | 317,865 |
Vesuvius plc | 87,945 | 403,135 |
7,784,402 |
Security | Number of Shares | Value ($) |
Commercial & Professional Services 1.2% | ||
Berendsen plc | 46,058 | 738,946 |
De La Rue plc | 37,896 | 300,524 |
Hays plc | 369,098 | 631,330 |
HomeServe plc | 52,359 | 388,132 |
IHS Markit Ltd. * | 25,705 | 959,311 |
Mitie Group plc | 133,158 | 471,569 |
Pagegroup plc | 80,035 | 363,732 |
PayPoint plc | 10,987 | 141,019 |
Rentokil Initial plc | 247,317 | 692,845 |
RPS Group plc | 102,797 | 245,369 |
Serco Group plc * | 748,514 | 1,254,820 |
WS Atkins plc | 19,528 | 382,358 |
6,569,955 | ||
Consumer Durables & Apparel 0.2% | ||
Bellway plc | 15,344 | 468,238 |
Bovis Homes Group plc | 15,450 | 181,304 |
Coats Group plc *(b) | 964,759 | 379,063 |
Crest Nicholson Holdings plc | 26,351 | 160,515 |
1,189,120 | ||
Consumer Services 0.9% | ||
AA plc | 173,369 | 613,520 |
Domino's Pizza Group plc | 30,241 | 142,108 |
Enterprise Inns plc * | 392,816 | 484,889 |
Greene King plc | 60,105 | 639,596 |
J.D. Wetherspoon plc | 24,282 | 282,244 |
Ladbrokes plc | 419,112 | 843,676 |
Marston's plc | 195,360 | 372,792 |
Merlin Entertainments plc (c) | 58,975 | 370,827 |
Mitchells & Butlers plc | 79,771 | 268,608 |
SSP Group plc | 13,999 | 59,752 |
The Restaurant Group plc | 42,614 | 207,898 |
Thomas Cook Group plc * | 615,175 | 560,763 |
4,846,673 | ||
Diversified Financials 1.3% | ||
Aberdeen Asset Management plc | 181,790 | 763,317 |
Ashmore Group plc | 79,189 | 364,865 |
Brewin Dolphin Holdings plc | 40,094 | 139,207 |
Close Brothers Group plc | 20,368 | 363,060 |
Hargreaves Lansdown plc | 9,018 | 156,140 |
Henderson Group plc | 153,335 | 478,761 |
ICAP plc | 128,023 | 801,974 |
IG Group Holdings plc | 60,541 | 754,053 |
Intermediate Capital Group plc | 66,503 | 518,239 |
International Personal Finance plc | 108,211 | 384,355 |
Jupiter Fund Management plc | 55,251 | 303,559 |
London Stock Exchange Group plc | 14,700 | 530,409 |
Provident Financial plc | 17,038 | 670,779 |
Schroders plc | 11,857 | 432,330 |
SVG Capital plc * | 8,273 | 60,406 |
Tullett Prebon plc | 55,683 | 278,220 |
6,999,674 | ||
Energy 0.3% | ||
EnQuest plc * | 1,251,743 | 438,541 |
Hunting plc | 62,432 | 380,013 |
Premier Oil plc * | 642,811 | 612,474 |
Soco International plc | 34,522 | 66,125 |
1,497,153 |
Security | Number of Shares | Value ($) |
Food & Staples Retailing 0.1% | ||
Conviviality plc | 22,253 | 65,576 |
Greggs plc | 24,804 | 336,877 |
402,453 | ||
Food, Beverage & Tobacco 0.3% | ||
Britvic plc | 35,114 | 295,478 |
Cranswick plc | 14,161 | 443,265 |
Dairy Crest Group plc | 56,621 | 486,837 |
Greencore Group plc | 49,065 | 225,554 |
1,451,134 | ||
Health Care Equipment & Services 0.2% | ||
LivaNova plc * | 4,927 | 295,719 |
Spire Healthcare Group plc (c) | 12,880 | 58,839 |
STERIS plc | 9,659 | 682,698 |
1,037,256 | ||
Household & Personal Products 0.1% | ||
McBride plc * | 29,543 | 59,683 |
PZ Cussons plc | 70,439 | 309,051 |
368,734 | ||
Insurance 0.4% | ||
esure Group plc | 17,014 | 60,165 |
Hiscox Ltd. | 55,864 | 763,843 |
Lancashire Holdings Ltd. | 88,144 | 728,440 |
Novae Group plc | 5,378 | 57,018 |
Saga plc | 95,455 | 275,288 |
St. James's Place plc | 33,112 | 425,861 |
2,310,615 | ||
Materials 1.3% | ||
Acacia Mining plc | 56,490 | 340,849 |
Centamin plc | 185,352 | 360,492 |
Croda International plc | 18,065 | 783,137 |
Elementis plc | 90,889 | 259,501 |
Essentra plc | 28,490 | 192,537 |
Evraz plc * | 602,062 | 1,009,306 |
Hill & Smith Holdings plc | 4,965 | 75,886 |
KAZ Minerals plc * | 407,099 | 912,800 |
Marshalls plc | 19,240 | 79,325 |
Petropavlovsk plc * | 2,586,017 | 228,277 |
Randgold Resources Ltd. | 9,266 | 867,701 |
RPC Group plc | 33,124 | 376,994 |
Synthomer plc | 53,235 | 253,927 |
Vedanta Resources plc (b) | 180,388 | 1,164,732 |
Victrex plc | 12,708 | 253,316 |
7,158,780 | ||
Media 0.2% | ||
Cineworld Group plc | 7,762 | 58,047 |
Daily Mail & General Trust plc, A Shares | 55,830 | 527,930 |
Trinity Mirror plc | 39,225 | 52,400 |
UBM plc | 60,137 | 541,485 |
1,179,862 | ||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||
Genus plc | 6,970 | 166,232 |
Indivior plc | 129,160 | 532,180 |
698,412 | ||
Real Estate 0.5% | ||
Countrywide plc | 13,066 | 44,852 |
Derwent London plc | 4,910 | 175,685 |
Security | Number of Shares | Value ($) |
Grainger plc | 19,132 | 58,057 |
Hammerson plc | 82,261 | 624,876 |
Intu Properties plc | 134,393 | 556,205 |
Savills plc | 25,504 | 247,179 |
Segro plc | 103,040 | 611,600 |
Shaftesbury plc | 8,626 | 109,303 |
The British Land Co. plc | 66,603 | 578,334 |
3,006,091 | ||
Retailing 0.6% | ||
B&M European Value Retail S.A. | 15,487 | 55,860 |
Card Factory plc | 12,216 | 45,806 |
Dixons Carphone plc | 78,658 | 381,889 |
Dunelm Group plc | 17,660 | 207,701 |
Halfords Group plc | 78,782 | 358,759 |
Headlam Group plc | 9,593 | 55,658 |
JD Sports Fashion plc | 3,355 | 56,771 |
John Menzies plc | 50,682 | 395,946 |
Lookers plc | 130,936 | 234,079 |
N Brown Group plc | 59,114 | 157,863 |
Pendragon plc | 831,833 | 369,324 |
Pets at Home Group plc | 17,425 | 55,913 |
Poundland Group plc | 74,494 | 218,789 |
Sports Direct International plc * | 51,593 | 200,890 |
Vertu Motors plc | 212,719 | 135,120 |
WH Smith plc | 20,031 | 399,815 |
3,330,183 | ||
Semiconductors & Semiconductor Equipment 0.2% | ||
ARM Holdings plc | 43,486 | 965,933 |
Dialog Semiconductor plc * | 5,135 | 179,751 |
1,145,684 | ||
Software & Services 0.3% | ||
AVEVA Group plc | 9,953 | 248,455 |
Computacenter plc | 36,784 | 348,312 |
Fidessa Group plc | 8,412 | 273,336 |
Micro Focus International plc | 16,614 | 434,752 |
Moneysupermarket.com Group plc | 47,262 | 178,517 |
Playtech plc | 22,104 | 263,731 |
Rightmove plc | 1,073 | 57,604 |
1,804,707 | ||
Technology Hardware & Equipment 0.6% | ||
e2v technologies plc | 34,175 | 107,198 |
Electrocomponents plc | 183,956 | 734,346 |
Halma plc | 38,508 | 534,599 |
Laird plc | 62,479 | 244,668 |
Premier Farnell plc | 189,412 | 452,733 |
Spectris plc | 25,895 | 656,588 |
Spirent Communications plc | 252,502 | 281,096 |
3,011,228 | ||
Telecommunication Services 0.1% | ||
KCOM Group plc | 160,503 | 232,808 |
TalkTalk Telecom Group plc | 157,382 | 434,920 |
667,728 | ||
Transportation 0.4% | ||
BBA Aviation plc | 181,726 | 573,596 |
Go-Ahead Group plc | 10,803 | 280,002 |
National Express Group plc | 159,016 | 736,627 |
Northgate plc | 86,110 | 474,796 |
Stagecoach Group plc | 82,784 | 246,769 |
2,311,790 |
Security | Number of Shares | Value ($) |
Utilities 0.0% | ||
Telecom Plus plc | 13,029 | 178,832 |
59,085,043 | ||
Total Common Stock | ||
(Cost $527,058,646) | 549,236,602 | |
Preferred Stock 0.2% of net assets | ||
Germany 0.1% | ||
Automobiles & Components 0.0% | ||
Schaeffler AG | 4,060 | 62,763 |
Capital Goods 0.0% | ||
Jungheinrich AG | 11,482 | 360,368 |
Health Care Equipment & Services 0.1% | ||
Draegerwerk AG & Co. KGaA | 5,921 | 413,739 |
Transportation 0.0% | ||
Sixt SE | 6,486 | 275,190 |
1,112,060 | ||
Sweden 0.1% | ||
Transportation 0.1% | ||
SAS AB | 4,783 | 307,307 |
Total Preferred Stock | ||
(Cost $1,386,695) | 1,419,367 | |
Other Investment Companies 1.6% of net assets | ||
United States 1.6% | ||
Equity Fund 0.0% | ||
iShares MSCI EAFE Small-Cap ETF | 4,000 | 203,400 |
Money Market Fund 0.2% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.26% (a) | 786,579 | 786,579 |
Securities Lending Collateral 1.4% | ||
Wells Fargo Government Money Market Fund, Select Class 0.32% (a) | 7,635,445 | 7,635,445 |
Total Other Investment Companies | ||
(Cost $8,617,247) | 8,625,424 |
At 08/31/16, the tax basis cost of the fund's investments was $538,054,565 and the unrealized appreciation and depreciation were $54,045,640 and ($32,818,812), respectively, with a net unrealized appreciation of $21,226,828.
* | Non-income producing security. |
(a) | The rate shown is the 7-day yield. |
(b) | All or a portion of this security is on loan. Securities on loan were valued at $7,100,952. |
(c) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $2,866,432 or 0.5% of net assets. |
(d) | Illiquid security. At the period end, the value of these amounted to $11,642 or 0.0% of net assets. |
(e) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. |
ADR — | American Depositary Receipt |
CDI — | CHESS Depositary Interest |
ETF — | Exchange-traded fund |
GDR — | Global Depositary Receipt |
Reg'd — | Registered |
REIT — | Real Estate Investment Trust |
RSP — | Risparmio (Convertible Savings Shares) |
Number of Contracts | Contract Value ($) | Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
MSCI EAFE, e-mini, Long, expires 09/16/16 | 10 | 843,800 | (2,252) |
Holdings by Category | Cost ($) | Value ($) | |
86.7% | Common Stock | 527,168,582 | 546,970,413 |
13.1% | Preferred Stock | 67,178,273 | 82,472,165 |
0.8% | Other Investment Companies | 5,311,958 | 5,311,958 |
100.6% | Total Investments | 599,658,813 | 634,754,536 |
(0.6%) | Other Assets and Liabilities, Net | (3,546,381) | |
100.0% | Net Assets | 631,208,155 |
Security | Number of Shares | Value ($) |
Common Stock 86.7% of net assets | ||
Brazil 8.2% | ||
Banks 1.3% | ||
Banco Bradesco S.A. | 205,541 | 1,849,602 |
Banco do Brasil S.A. | 851,226 | 6,109,517 |
7,959,119 | ||
Capital Goods 0.1% | ||
Embraer S.A. | 159,371 | 706,224 |
Diversified Financials 0.2% | ||
BM&FBovespa S.A. - Bolsa de Valores Mercadorias e Futuros | 221,526 | 1,226,894 |
Energy 2.6% | ||
Petroleo Brasileiro S.A. * | 3,070,235 | 13,994,454 |
Ultrapar Participacoes S.A. | 107,305 | 2,469,760 |
16,464,214 | ||
Food, Beverage & Tobacco 1.1% | ||
Ambev S.A. | 682,417 | 4,049,596 |
BRF S.A. | 85,519 | 1,424,082 |
JBS S.A. | 336,234 | 1,299,686 |
6,773,364 | ||
Insurance 0.1% | ||
Sul America S.A. | 117,890 | 595,319 |
Materials 1.7% | ||
Companhia Siderurgica Nacional S.A. * | 628,634 | 1,671,796 |
Vale S.A. | 1,695,692 | 8,882,745 |
10,554,541 | ||
Software & Services 0.1% | ||
Cielo S.A. | 78,045 | 810,666 |
Telecommunication Services 0.2% | ||
Tim Participacoes S.A. | 384,485 | 988,024 |
Security | Number of Shares | Value ($) |
Transportation 0.1% | ||
CCR S.A. | 176,928 | 933,388 |
Utilities 0.7% | ||
Centrais Eletricas Brasileiras S.A. * | 314,661 | 2,192,254 |
Companhia de Saneamento Basico do Estado de Sao Paulo | 156,120 | 1,418,878 |
CPFL Energia S.A. | 144,838 | 1,041,340 |
4,652,472 | ||
51,664,225 | ||
Chile 0.6% | ||
Energy 0.2% | ||
Empresas COPEC S.A. | 109,533 | 962,157 |
Food & Staples Retailing 0.2% | ||
Cencosud S.A. | 367,376 | 1,081,055 |
Transportation 0.1% | ||
Latam Airlines Group S.A. * | 100,291 | 799,737 |
Utilities 0.1% | ||
Enersis Americas S.A. | 5,316,527 | 883,373 |
3,726,322 | ||
China 15.5% | ||
Automobiles & Components 0.1% | ||
Dongfeng Motor Group Co., Ltd., H Shares | 650,876 | 695,622 |
Banks 6.4% | ||
Agricultural Bank of China Ltd., H Shares | 5,476,902 | 2,252,402 |
Bank of China Ltd., H Shares | 16,514,389 | 7,430,331 |
Bank of Communications Co., Ltd., H Shares | 1,395,005 | 1,077,266 |
China CITIC Bank Corp., Ltd., H Shares | 1,217,597 | 803,699 |
China Construction Bank Corp., H Shares | 19,941,533 | 14,910,999 |
China Merchants Bank Co., Ltd., H Shares | 558,403 | 1,359,158 |
China Minsheng Banking Corp., Ltd., H Shares | 923,151 | 992,565 |
Industrial & Commercial Bank of China Ltd., H Shares | 17,793,902 | 11,309,367 |
40,135,787 | ||
Capital Goods 0.3% | ||
China Communications Construction Co., Ltd., H Shares | 713,983 | 778,715 |
China Railway Construction Corp., Ltd., H Shares | 340,978 | 417,170 |
China Railway Group Ltd., H Shares | 503,568 | 373,290 |
CITIC Ltd. | 253,416 | 399,232 |
1,968,407 | ||
Consumer Durables & Apparel 0.2% | ||
Belle International Holdings Ltd. | 1,460,558 | 949,007 |
Energy 3.5% | ||
China Petroleum & Chemical Corp., H Shares | 12,571,598 | 9,124,710 |
China Shenhua Energy Co., Ltd., H Shares | 1,101,716 | 1,979,943 |
Security | Number of Shares | Value ($) |
CNOOC Ltd. | 5,058,844 | 6,215,333 |
Kunlun Energy Co., Ltd. | 602,554 | 443,560 |
PetroChina Co., Ltd., H Shares | 6,641,150 | 4,434,996 |
22,198,542 | ||
Food, Beverage & Tobacco 0.1% | ||
China Resources Beer Holdings Co., Ltd. | 343,134 | 791,839 |
Health Care Equipment & Services 0.1% | ||
Sinopharm Group Co., Ltd., H Shares | 122,678 | 628,672 |
Insurance 0.6% | ||
China Life Insurance Co., Ltd., H Shares | 456,921 | 1,092,122 |
China Pacific Insurance (Group) Co., Ltd., H Shares | 191,519 | 674,054 |
PICC Property & Casualty Co., Ltd., H Shares | 284,946 | 470,946 |
Ping An Insurance Group Co. of China Ltd., H Shares | 291,986 | 1,511,359 |
3,748,481 | ||
Materials 0.3% | ||
Anhui Conch Cement Co., Ltd., H Shares | 185,438 | 521,165 |
China National Building Material Co., Ltd., H Shares | 1,934,226 | 872,761 |
Jiangxi Copper Co., Ltd., H Shares | 493,168 | 569,670 |
1,963,596 | ||
Real Estate 0.4% | ||
China Evergrande Group (b) | 750,478 | 518,589 |
China Overseas Land & Investment Ltd. | 347,586 | 1,149,396 |
China Resources Land Ltd. | 202,302 | 569,865 |
Dalian Wanda Commercial Properties Co., Ltd., H Shares (a) | 81,778 | 555,606 |
2,793,456 | ||
Software & Services 0.5% | ||
Alibaba Group Holding Ltd. ADR * | 8,614 | 837,195 |
Baidu, Inc. ADR * | 4,382 | 749,629 |
Tencent Holdings Ltd. | 61,740 | 1,606,231 |
3,193,055 | ||
Technology Hardware & Equipment 0.2% | ||
Lenovo Group Ltd. | 1,401,703 | 945,100 |
Telecommunication Services 2.6% | ||
China Mobile Ltd. | 1,000,915 | 12,361,834 |
China Telecom Corp., Ltd., H Shares | 4,123,962 | 2,131,961 |
China Unicom (Hong Kong) Ltd. | 1,807,991 | 2,048,827 |
16,542,622 | ||
Utilities 0.2% | ||
China Resources Power Holdings Co., Ltd. | 378,561 | 653,975 |
Huaneng Power International, Inc., H Shares | 780,316 | 474,824 |
1,128,799 | ||
97,682,985 |
Security | Number of Shares | Value ($) |
Colombia 0.4% | ||
Banks 0.1% | ||
Bancolombia S.A. | 49,433 | 448,509 |
Energy 0.2% | ||
Ecopetrol S.A. * | 4,056,114 | 1,812,604 |
Materials 0.1% | ||
Grupo Argos S.A. | 72,995 | 487,325 |
2,748,438 | ||
Czech Republic 0.2% | ||
Utilities 0.2% | ||
CEZ A/S | 79,493 | 1,385,213 |
Greece 0.6% | ||
Banks 0.2% | ||
Alpha Bank AE * | 179,535 | 343,926 |
National Bank of Greece S.A. * | 1,982,612 | 465,916 |
Piraeus Bank S.A. * | 1,412,703 | 229,716 |
1,039,558 | ||
Consumer Services 0.2% | ||
OPAP S.A. | 150,608 | 1,261,402 |
Telecommunication Services 0.1% | ||
Hellenic Telecommunications Organization S.A. | 75,856 | 718,119 |
Utilities 0.1% | ||
Public Power Corp. S.A. * | 150,788 | 445,041 |
3,464,120 | ||
Hungary 0.5% | ||
Banks 0.2% | ||
OTP Bank plc | 56,591 | 1,476,239 |
Energy 0.3% | ||
MOL Hungarian Oil & Gas plc | 24,075 | 1,500,778 |
2,977,017 | ||
India 4.1% | ||
Automobiles & Components 0.5% | ||
Mahindra & Mahindra Ltd. GDR | 36,939 | 799,729 |
Tata Motors Ltd. | 60,779 | 311,791 |
Tata Motors Ltd. ADR | 45,490 | 1,854,627 |
2,966,147 | ||
Banks 0.6% | ||
Housing Development Finance Corp., Ltd. | 72,397 | 1,519,342 |
ICICI Bank Ltd. ADR | 153,835 | 1,179,914 |
State Bank of India | 307,006 | 1,157,519 |
3,856,775 | ||
Energy 1.6% | ||
Bharat Petroleum Corp., Ltd. | 90,464 | 814,001 |
Coal India Ltd. | 125,502 | 624,980 |
Indian Oil Corp., Ltd. | 127,338 | 1,094,076 |
Oil & Natural Gas Corp., Ltd. | 621,217 | 2,191,930 |
Reliance Industries Ltd. GDR (a) | 175,953 | 5,489,734 |
10,214,721 |
Security | Number of Shares | Value ($) |
Food, Beverage & Tobacco 0.1% | ||
ITC Ltd. | 196,779 | 764,109 |
Materials 0.4% | ||
Hindalco Industries Ltd. | 555,848 | 1,321,768 |
Tata Steel Ltd. | 135,738 | 750,137 |
Tata Steel Ltd. GDR - Reg'd | 31,820 | 172,146 |
2,244,051 | ||
Software & Services 0.5% | ||
Infosys Ltd. | 150,753 | 2,331,753 |
Tata Consultancy Services Ltd. | 28,223 | 1,058,331 |
3,390,084 | ||
Telecommunication Services 0.2% | ||
Bharti Airtel Ltd. | 248,331 | 1,229,789 |
Utilities 0.2% | ||
NTPC Ltd. | 453,752 | 1,078,991 |
25,744,667 | ||
Indonesia 1.5% | ||
Automobiles & Components 0.4% | ||
PT Astra International Tbk | 3,439,182 | 2,113,029 |
Banks 0.4% | ||
PT Bank Central Asia Tbk | 666,172 | 755,815 |
PT Bank Mandiri (Persero) Tbk | 1,160,413 | 981,956 |
PT Bank Rakyat Indonesia (Persero) Tbk | 1,048,599 | 920,933 |
2,658,704 | ||
Energy 0.1% | ||
PT United Tractors Tbk | 530,864 | 750,373 |
Food, Beverage & Tobacco 0.1% | ||
Golden Agri-Resources Ltd. | 2,264,537 | 598,183 |
Telecommunication Services 0.4% | ||
PT Telekomunikasi Indonesia (Persero) Tbk | 7,336,381 | 2,328,395 |
Utilities 0.1% | ||
PT Perusahaan Gas Negara (Persero) Tbk | 3,206,848 | 730,093 |
9,178,777 | ||
Malaysia 1.8% | ||
Banks 0.5% | ||
CIMB Group Holdings Berhad | 748,652 | 886,088 |
Malayan Banking Berhad | 761,600 | 1,468,552 |
Public Bank Berhad | 232,400 | 1,134,637 |
3,489,277 | ||
Capital Goods 0.2% | ||
Sime Darby Berhad | 554,540 | 1,078,861 |
Consumer Services 0.2% | ||
Genting Berhad | 510,100 | 981,082 |
Materials 0.1% | ||
Petronas Chemicals Group Berhad | 430,400 | 709,993 |
Telecommunication Services 0.5% | ||
Axiata Group Berhad | 978,500 | 1,324,612 |
DiGi.com Berhad | 510,900 | 632,405 |
Maxis Berhad | 454,500 | 703,800 |
Telekom Malaysia Berhad | 374,200 | 631,125 |
3,291,942 |
Security | Number of Shares | Value ($) |
Utilities 0.3% | ||
Tenaga Nasional Berhad | 563,400 | 2,047,717 |
11,598,872 | ||
Mexico 2.9% | ||
Banks 0.3% | ||
Grupo Financiero Banorte S.A.B. de C.V., O Shares | 188,253 | 1,009,769 |
Grupo Financiero Santander Mexico S.A.B. de C.V., B Shares | 395,492 | 752,051 |
1,761,820 | ||
Capital Goods 0.1% | ||
Alfa S.A.B. de C.V., A Shares | 531,670 | 861,943 |
Food & Staples Retailing 0.3% | ||
Wal-Mart de Mexico S.A.B. de C.V. | 755,624 | 1,718,788 |
Food, Beverage & Tobacco 0.5% | ||
Coca-Cola Femsa S.A.B. de C.V., Series L | 76,525 | 567,993 |
Fomento Economico Mexicano S.A.B. de C.V. | 178,443 | 1,628,790 |
Grupo Bimbo S.A.B. de C.V., Series A | 249,557 | 707,456 |
2,904,239 | ||
Materials 0.8% | ||
Cemex S.A.B. de C.V., Series CPO * | 3,123,715 | 2,577,608 |
Grupo Mexico S.A.B. de C.V., Series B | 655,944 | 1,635,971 |
Industrias Penoles S.A.B. de C.V. | 44,607 | 1,029,859 |
5,243,438 | ||
Media 0.2% | ||
Grupo Televisa S.A.B., Series CPO | 260,761 | 1,418,319 |
Telecommunication Services 0.7% | ||
America Movil S.A.B. de C.V., Series L | 7,429,133 | 4,433,364 |
18,341,911 | ||
Peru 0.2% | ||
Banks 0.2% | ||
Credicorp Ltd. | 6,238 | 977,370 |
Philippines 0.1% | ||
Telecommunication Services 0.1% | ||
PLDT, Inc. | 22,464 | 880,336 |
Poland 1.8% | ||
Banks 0.3% | ||
Bank Pekao S.A. | 19,498 | 654,279 |
Powszechna Kasa Oszczednosci Bank Polski S.A. * | 188,595 | 1,281,135 |
1,935,414 | ||
Energy 0.5% | ||
Polski Koncern Naftowy Orlen S.A. | 165,049 | 2,742,834 |
Polskie Gornictwo Naftowe i Gazownictwo S.A. | 443,222 | 603,979 |
3,346,813 |
Security | Number of Shares | Value ($) |
Insurance 0.2% | ||
Powszechny Zaklad Ubezpieczen S.A. | 119,332 | 843,578 |
Materials 0.4% | ||
KGHM Polska Miedz S.A. | 118,485 | 2,218,934 |
Telecommunication Services 0.1% | ||
Orange Polska S.A. | 598,255 | 822,890 |
Utilities 0.3% | ||
PGE S.A. | 398,426 | 1,175,512 |
Tauron Polska Energia S.A. * | 1,105,777 | 785,933 |
1,961,445 | ||
11,129,074 | ||
Republic of Korea 16.9% | ||
Automobiles & Components 2.1% | ||
Hankook Tire Co., Ltd. | 15,538 | 777,597 |
Hyundai Mobis Co., Ltd. | 15,272 | 3,568,032 |
Hyundai Motor Co. | 45,376 | 5,412,563 |
Kia Motors Corp. | 92,302 | 3,472,708 |
13,230,900 | ||
Banks 1.2% | ||
Hana Financial Group, Inc. | 61,656 | 1,620,198 |
Industrial Bank of Korea | 66,210 | 697,729 |
KB Financial Group, Inc. | 61,519 | 2,146,268 |
Shinhan Financial Group Co., Ltd. | 85,556 | 3,146,005 |
7,610,200 | ||
Capital Goods 1.4% | ||
CJ Corp. | 2,425 | 415,403 |
Daelim Industrial Co., Ltd. | 9,612 | 699,133 |
Hyundai Engineering & Construction Co., Ltd. | 25,674 | 887,653 |
Hyundai Heavy Industries Co., Ltd. * | 28,803 | 3,551,939 |
LG Corp. | 20,477 | 1,210,255 |
LG International Corp. | 19,085 | 569,127 |
Samsung Heavy Industries Co., Ltd. * | 101,010 | 876,930 |
SK Networks Co., Ltd. | 153,644 | 872,257 |
9,082,697 | ||
Consumer Durables & Apparel 0.5% | ||
LG Electronics, Inc. | 62,635 | 2,893,007 |
Energy 1.1% | ||
GS Holdings Corp. | 19,429 | 860,801 |
S-Oil Corp. | 17,546 | 1,112,558 |
SK Innovation Co., Ltd. | 36,496 | 4,762,482 |
6,735,841 | ||
Food & Staples Retailing 0.1% | ||
E-MART, Inc. | 5,803 | 819,706 |
Food, Beverage & Tobacco 0.2% | ||
KT&G Corp. | 14,026 | 1,471,787 |
Insurance 0.3% | ||
Samsung Fire & Marine Insurance Co., Ltd. | 4,151 | 1,005,175 |
Samsung Life Insurance Co., Ltd. | 10,559 | 975,405 |
1,980,580 | ||
Materials 2.1% | ||
Hyundai Steel Co. | 21,855 | 1,005,526 |
LG Chem Ltd. | 10,722 | 2,601,167 |
Security | Number of Shares | Value ($) |
Lotte Chemical Corp. | 3,867 | 929,467 |
POSCO | 41,628 | 8,624,276 |
13,160,436 | ||
Retailing 0.1% | ||
Lotte Shopping Co., Ltd. | 3,579 | 651,603 |
Semiconductors & Semiconductor Equipment 0.5% | ||
SK Hynix, Inc. | 98,791 | 3,229,535 |
Technology Hardware & Equipment 6.5% | ||
LG Display Co., Ltd. | 119,525 | 3,221,279 |
Samsung Electro-Mechanics Co., Ltd. | 19,029 | 907,931 |
Samsung Electronics Co., Ltd. | 24,518 | 35,622,565 |
Samsung SDI Co., Ltd. | 8,852 | 916,956 |
40,668,731 | ||
Telecommunication Services 0.1% | ||
LG Uplus Corp. | 69,944 | 730,805 |
Transportation 0.1% | ||
Hyundai Glovis Co., Ltd. | 2,376 | 391,028 |
Korean Air Lines Co., Ltd. * | 17,386 | 491,954 |
882,982 | ||
Utilities 0.6% | ||
Korea Electric Power Corp. | 52,444 | 2,728,029 |
Korea Gas Corp. | 18,919 | 720,279 |
3,448,308 | ||
106,597,118 | ||
Russia 11.2% | ||
Banks 0.4% | ||
Sberbank of Russia PJSC * | 1,171,790 | 2,573,391 |
VTB Bank JSC * | 225,880,000 | 236,722 |
2,810,113 | ||
Energy 8.8% | ||
Gazprom PAO * | 11,758,518 | 24,284,526 |
LUKOIL PJSC * | 412,092 | 18,371,259 |
NOVATEK OAO * | 178,740 | 1,873,498 |
Rosneft OJSC | 271,171 | 1,430,503 |
Surgutneftegas * | 13,146,338 | 6,275,155 |
Tatneft PAO * | 640,360 | 3,113,967 |
55,348,908 | ||
Food & Staples Retailing 0.2% | ||
Magnit PJSC * | 8,440 | 1,325,497 |
Materials 0.4% | ||
MMC Norilsk Nickel PJSC * | 17,780 | 2,604,314 |
Telecommunication Services 0.8% | ||
Mobile TeleSystems PJSC * | 634,807 | 2,322,873 |
Rostelecom PJSC * | 716,360 | 900,952 |
Sistema JSFC * | 6,097,753 | 2,118,360 |
5,342,185 | ||
Transportation 0.4% | ||
Aeroflot-Russian Airlines PJSC * | 1,032,214 | 1,558,371 |
Globaltrans Investment plc GDR - Reg'd | 195,185 | 819,777 |
2,378,148 | ||
Utilities 0.2% | ||
RusHydro PJSC * | 96,023,119 | 1,170,330 |
70,979,495 |
Security | Number of Shares | Value ($) |
South Africa 5.9% | ||
Banks 0.7% | ||
Barclays Africa Group Ltd. | 91,784 | 928,809 |
Nedbank Group Ltd. | 53,522 | 751,206 |
Standard Bank Group Ltd. | 310,797 | 2,812,226 |
4,492,241 | ||
Capital Goods 0.3% | ||
Barloworld Ltd. | 155,118 | 877,103 |
The Bidvest Group Ltd. | 87,144 | 900,214 |
1,777,317 | ||
Consumer Durables & Apparel 0.2% | ||
Steinhoff International Holdings N.V. | 174,010 | 1,043,293 |
Diversified Financials 0.2% | ||
African Bank Investments Ltd. *(d)(e) | 30,732 | — |
FirstRand Ltd. | 454,374 | 1,360,885 |
1,360,885 | ||
Energy 0.8% | ||
Sasol Ltd. | 213,224 | 5,364,020 |
Food & Staples Retailing 0.2% | ||
Bid Corp., Ltd. * | 20,588 | 377,783 |
Shoprite Holdings Ltd. | 98,609 | 1,263,260 |
1,641,043 | ||
Food, Beverage & Tobacco 0.1% | ||
Tiger Brands Ltd. | 33,532 | 869,444 |
Health Care Equipment & Services 0.1% | ||
Netcare Ltd. | 207,832 | 463,994 |
Insurance 0.2% | ||
Sanlam Ltd. | 247,784 | 1,052,154 |
Materials 1.5% | ||
AngloGold Ashanti Ltd. * | 149,381 | 2,434,295 |
Gold Fields Ltd. | 465,179 | 2,374,557 |
Impala Platinum Holdings Ltd. * | 413,370 | 1,586,151 |
Kumba Iron Ore Ltd. * | 240,936 | 2,191,719 |
Sappi Ltd. * | 131,762 | 648,416 |
9,235,138 | ||
Media 0.2% | ||
Naspers Ltd., N Shares | 8,379 | 1,370,101 |
Retailing 0.3% | ||
Imperial Holdings Ltd. | 102,452 | 1,098,176 |
Woolworths Holdings Ltd. | 115,309 | 631,944 |
1,730,120 | ||
Telecommunication Services 1.1% | ||
MTN Group Ltd. | 655,725 | 5,356,622 |
Telkom S.A. SOC Ltd. | 187,926 | 776,525 |
Vodacom Group Ltd. | 68,423 | 711,147 |
6,844,294 | ||
37,244,044 | ||
Taiwan 11.4% | ||
Automobiles & Components 0.1% | ||
Cheng Shin Rubber Industry Co., Ltd. | 319,000 | 677,601 |
Security | Number of Shares | Value ($) |
Banks 0.3% | ||
CTBC Financial Holding Co., Ltd. | 1,639,490 | 948,130 |
Mega Financial Holding Co., Ltd. | 1,179,548 | 802,957 |
1,751,087 | ||
Capital Goods 0.3% | ||
Far Eastern New Century Corp. | 1,152,061 | 849,600 |
Walsin Lihwa Corp. * | 2,266,000 | 728,422 |
1,578,022 | ||
Consumer Durables & Apparel 0.1% | ||
Pou Chen Corp. | 559,000 | 810,388 |
Diversified Financials 0.1% | ||
Fubon Financial Holding Co., Ltd. | 548,116 | 775,607 |
Energy 0.2% | ||
Formosa Petrochemical Corp. | 389,704 | 1,139,740 |
Food, Beverage & Tobacco 0.2% | ||
Uni-President Enterprises Corp. | 656,796 | 1,241,952 |
Insurance 0.1% | ||
Cathay Financial Holding Co., Ltd. | 636,840 | 804,818 |
Materials 1.5% | ||
China Steel Corp. | 3,159,088 | 2,190,320 |
Formosa Chemicals & Fibre Corp. | 941,882 | 2,445,946 |
Formosa Plastics Corp. | 820,704 | 2,025,216 |
Nan Ya Plastics Corp. | 941,588 | 1,798,277 |
Taiwan Cement Corp. | 962,000 | 1,099,021 |
9,558,780 | ||
Retailing 0.1% | ||
Hotai Motor Co., Ltd. | 46,000 | 508,848 |
Semiconductors & Semiconductor Equipment 2.6% | ||
Advanced Semiconductor Engineering, Inc. | 951,000 | 1,168,875 |
MediaTek, Inc. | 251,940 | 1,981,029 |
Taiwan Semiconductor Manufacturing Co., Ltd. | 2,071,352 | 11,489,197 |
United Microelectronics Corp. | 4,102,000 | 1,486,677 |
16,125,778 | ||
Technology Hardware & Equipment 5.2% | ||
Acer, Inc. * | 3,016,470 | 1,354,681 |
Asustek Computer, Inc. | 264,176 | 2,235,428 |
AU Optronics Corp. | 5,914,764 | 2,330,078 |
Catcher Technology Co., Ltd. | 54,000 | 388,018 |
Compal Electronics, Inc. | 3,393,000 | 2,010,318 |
Delta Electronics, Inc. | 278,696 | 1,449,232 |
Foxconn Technology Co., Ltd. | 222,632 | 624,454 |
Hon Hai Precision Industry Co., Ltd. | 3,555,374 | 9,860,321 |
HTC Corp. * | 718,822 | 1,925,588 |
Innolux Corp. | 5,843,000 | 2,062,420 |
Inventec Corp. | 1,205,646 | 894,816 |
Lite-On Technology Corp. | 936,501 | 1,416,683 |
Pegatron Corp. | 526,234 | 1,272,030 |
Quanta Computer, Inc. | 932,058 | 1,724,265 |
Synnex Technology International Corp. | 796,178 | 840,578 |
Wistron Corp. | 2,347,085 | 1,723,486 |
WPG Holdings Ltd. | 819,000 | 974,370 |
33,086,766 |
Security | Number of Shares | Value ($) |
Telecommunication Services 0.6% | ||
Chunghwa Telecom Co., Ltd. | 748,764 | 2,690,128 |
Far EasTone Telecommunications Co., Ltd. | 284,588 | 662,802 |
Taiwan Mobile Co., Ltd. | 206,000 | 723,878 |
4,076,808 | ||
72,136,195 | ||
Thailand 1.6% | ||
Banks 0.3% | ||
Kasikornbank PCL NVDR | 137,900 | 786,794 |
The Siam Commercial Bank PCL NVDR | 187,100 | 864,815 |
1,651,609 | ||
Energy 0.9% | ||
PTT Exploration & Production PCL NVDR | 485,500 | 1,139,572 |
PTT PCL NVDR | 401,000 | 4,042,958 |
Thai Oil PCL NVDR | 392,600 | 802,428 |
5,984,958 | ||
Materials 0.3% | ||
PTT Global Chemical PCL NVDR | 696,000 | 1,226,503 |
The Siam Cement PCL NVDR | 37,200 | 569,571 |
1,796,074 | ||
Telecommunication Services 0.1% | ||
Advanced Info Service PCL NVDR | 166,500 | 796,052 |
10,228,693 | ||
Turkey 1.3% | ||
Banks 0.6% | ||
Akbank T.A.S. | 429,873 | 1,136,024 |
Turkiye Garanti Bankasi A/S | 473,695 | 1,221,416 |
Turkiye Halk Bankasi A/S | 211,488 | 634,657 |
Turkiye Is Bankasi, C Shares | 474,983 | 772,082 |
3,764,179 | ||
Capital Goods 0.2% | ||
KOC Holding A/S | 274,249 | 1,190,009 |
Diversified Financials 0.1% | ||
Haci Omer Sabanci Holding A/S | 277,471 | 856,108 |
Energy 0.2% | ||
Tupras-Turkiye Petrol Rafinerileri A/S | 45,933 | 898,760 |
Materials 0.1% | ||
Eregli Demir ve Celik Fabrikalari T.A.S. | 374,060 | 562,525 |
Telecommunication Services 0.1% | ||
Turkcell Iletisim Hizmetleri A/S * | 232,744 | 781,031 |
8,052,612 | ||
United Arab Emirates 0.0% | ||
Telecommunication Services 0.0% | ||
Emirates Telecommunications Group Co. PJSC | 43,320 | 232,929 |
Total Common Stock | ||
(Cost $527,168,582) | 546,970,413 | |
Security | Number of Shares | Value ($) |
Preferred Stock 13.1% of net assets | ||
Brazil 10.7% | ||
Banks 3.3% | ||
Banco Bradesco S.A. | 895,529 | 8,047,521 |
Itau Unibanco Holding S.A. | 1,003,971 | 11,130,051 |
Itausa - Investimentos Itau S.A. | 567,812 | 1,510,045 |
20,687,617 | ||
Energy 3.1% | ||
Petroleo Brasileiro S.A. * | 4,978,300 | 19,782,038 |
Food & Staples Retailing 0.2% | ||
Cia Brasileira de Distribuicao | 90,741 | 1,413,111 |
Materials 2.8% | ||
Gerdau S.A. | 1,412,391 | 3,965,771 |
Metalurgica Gerdau S.A. | 2,448,303 | 2,808,833 |
Vale S.A. | 2,407,573 | 10,772,955 |
17,547,559 | ||
Telecommunication Services 0.3% | ||
Telefonica Brasil S.A. | 141,780 | 2,134,723 |
Utilities 1.0% | ||
Centrais Eletricas Brasileiras S.A., B Shares * | 241,373 | 2,127,259 |
Companhia Energetica de Minas Gerais | 1,175,085 | 3,179,539 |
Companhia Paranaense de Energia - Copel, B Shares | 84,297 | 859,184 |
6,165,982 | ||
67,731,030 | ||
Colombia 0.2% | ||
Banks 0.2% | ||
Bancolombia S.A. | 90,846 | 894,989 |
Republic of Korea 1.1% | ||
Automobiles & Components 0.3% | ||
Hyundai Motor Co. | 7,453 | 640,356 |
Hyundai Motor Co. 2nd | 11,557 | 1,041,685 |
1,682,041 | ||
Materials 0.0% | ||
LG Chem Ltd. | 1,818 | 293,489 |
Technology Hardware & Equipment 0.8% | ||
Samsung Electronics Co., Ltd. | 4,161 | 4,940,954 |
6,916,484 | ||
Russia 1.1% | ||
Energy 1.1% | ||
AK Transneft OAO * | 2,289 | 5,426,271 |
Surgutneftegas OAO * | 3,000,469 | 1,503,391 |
6,929,662 | ||
Total Preferred Stock | ||
(Cost $67,178,273) | 82,472,165 | |
Security | Number of Shares | Value ($) |
Other Investment Companies 0.8% of net assets | ||
United States 0.8% | ||
Money Market Fund 0.8% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.26% (c) | 5,045,258 | 5,045,258 |
Securities Lending Collateral 0.0% | ||
Wells Fargo Government Money Market Fund, Select Class 0.32% (c) | 266,700 | 266,700 |
Total Other Investment Companies | ||
(Cost $5,311,958) | 5,311,958 |
* | Non-income producing security. |
(a) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $6,045,340 or 1.0% of net assets. |
(b) | All or a portion of this security is on loan. Securities on loan were valued at $245,724. |
(c) | The rate shown is the 7-day yield. |
(d) | Illiquid security. At the period end, the value of these amounted to $0 or 0.0% of net assets. |
(e) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. |
ADR — | American Depositary Receipt |
GDR — | Global Depositary Receipt |
NVDR — | Non-Voting Depositary Receipt |
Reg'd — | Registered |
Number of Contracts | Contract Value ($) | Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
MSCI EAFE, e-mini, Long, expires 09/16/16 | 42 | 1,864,590 | (17,702) |
Table of Contents
Item 7: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8: | Portfolio Managers of Closed-End Management Investment Companies. |
Not applicable.
Item 9: | Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers. |
Not applicable.
Item 10: | Submission of Matters to a Vote of Security Holders. |
Not applicable.
Item 11: | Controls and Procedures. |
(a) | Based on their evaluation of Registrant’s disclosure controls and procedures, as of a date within 90 days of the filing date, Registrant’s Chief Executive Officer, Marie Chandoha and Registrant’s Chief Financial Officer, Mark Fischer, have concluded that Registrant’s disclosure controls and procedures are: (i) reasonably designed to ensure that information required to be disclosed in this report is appropriately communicated to Registrant’s officers to allow timely decisions regarding disclosures required in this report; (ii) reasonably designed to ensure that information required to be disclosed in this report is recorded, processed, summarized and reported in a timely manner; and (iii) are effective in achieving the goals described in (i) and (ii) above. |
(b) | During the second fiscal quarter of the period covered by this report, there have been no changes in Registrant’s internal control over financial reporting that the above officers believe to have materially affected, or to be reasonably likely to materially affect, Registrant’s internal control over financial reporting. |
Item 12: | Exhibits. |
(a) | (1) | Code of ethics – not applicable to this semi-annual report. | ||
(2) | Separate certifications for Registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the 1940 Act, are attached. | |||
(3) | Not applicable. | |||
(b) | A certification for Registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(b) under the 1940 Act, is attached. This certification is being furnished to the Securities and Exchange Commission solely pursuant to 18 U.S.C. section 1350 and is not being filed as part of the Form N-CSRS with the Commission. |
Table of Contents
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Schwab Strategic Trust – Schwab U.S. REIT ETF and Fundamental Index ETFs
By: | /s/ Marie Chandoha | |
Marie Chandoha | ||
Chief Executive Officer | ||
Date: | 10/10/16 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By | /s/ Marie Chandoha | |
Marie Chandoha | ||
Chief Executive Officer | ||
Date: | 10/10/16 | |
By: | /s/ Mark Fischer | |
Mark Fischer | ||
Chief Financial Officer | ||
Date: | 10/10/16 |