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, 2018
Item 1: Report(s) to Shareholders.
Table of Contents
Total Returns for the 6 Months Ended August 31, 2018 | |
Schwab U.S. REIT ETF (Ticker Symbol: SCHH) | |
Market Price Return1 | 18.32% |
NAV Return1 | 18.27% |
Dow Jones U.S. Select REIT IndexTM | 18.30% |
ETF Category: Morningstar Real Estate2 | 15.39% |
Performance Details | pages 8-9 |
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 using the Official Closing Price on the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. 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. |
CEO of Charles Schwab
Investment Management, Inc.
and the fund covered
in this report.
1 | Gilliam, Jake, et al. Inflation Protection: The Benefits of a Diversified Asset-Class Approach. Charles Schwab Investment Management, 2018. |
2 | Over the six-month reporting period ended August 31, 2018, the S&P 500® Index returned 7.96%, the MSCI EAFE® Index (Net) returned -2.55%, and the Bloomberg Barclays US Aggregate Bond Index returned 1.15%. |
* | The net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes. |
Christopher Bliss, CFA, Vice President and Head of the Passive Equity Team, leads the portfolio management team for Schwab’s passive equity mutual funds and ETFs. He also has overall responsibility for all aspects of the management of the fund. Prior to joining CSIM in 2016, Mr. Bliss spent 12 years at BlackRock (formerly Barclays Global Investors) managing and leading institutional index teams, most recently as a Managing Director and Head of Americas Institutional Index team. Prior to BlackRock, he worked as an equity analyst and portfolio manager for Harris Bretall and before that, as a research analyst for JP Morgan. |
Ferian Juwono, CFA, 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. |
Sabya Sinha, Portfolio Manager, is responsible for the day-to-day co-management of the fund. Prior to joining CSIM in 2015, Mr. Sinha spent a year at F-Squared Investments on the product development and analytics team. Prior to F-Squared, he worked at IndexIQ Advisors as a senior index portfolio manager for three years and for Bank of America’s Columbia Management subsidiary as a portfolio manager for three years. |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | Since Inception* |
Fund: Schwab U.S. REIT ETF (1/13/11) | ||||
Market Price Return2 | 18.32% | 7.85% | 10.38% | 10.03% |
NAV Return2 | 18.27% | 7.80% | 10.32% | 10.02% |
Dow Jones U.S. Select REIT IndexTM | 18.30% | 7.80% | 10.44% | 10.15% |
ETF Category: Morningstar Real Estate3 | 15.39% | 5.75% | 9.81% | N/A |
Fund Expense Ratio4: 0.07% |
* | 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 or sale 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 using the Official Closing Price on the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. 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. |
Number of Holdings | 101 |
Weighted Average Market Cap (millions) | $18,321 |
Price/Earnings Ratio (P/E) | 35.3 |
Price/Book Ratio (P/B) | 2.4 |
Portfolio Turnover Rate | 4% 2,3 |
1 | Excludes derivatives. |
2 | Not annualized. |
3 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
4 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
5 | This list is not a recommendation of any security by the investment adviser. |
Expense Ratio (Annualized)1 | Beginning Account Value at 3/1/18 | Ending Account Value (Net of Expenses) at 8/31/18 | Expenses Paid During Period 3/1/18-8/31/182 | |
Schwab U.S. REIT ETF | ||||
Actual Return | 0.07% | $1,000.00 | $1,182.70 | $0.39 |
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 each 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. |
3/1/18– 8/31/18* | 3/1/17– 2/28/18 | 3/1/16– 2/28/17 | 3/1/15– 2/29/16 | 3/1/14– 2/28/15 | 3/1/13– 2/28/14 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $37.08 | $42.08 | $37.71 | $40.04 | $33.06 | $31.96 |
Income (loss) from investment operations: | ||||||
Net investment income (loss) | 0.83 1 | 1.20 1 | 1.04 1 | 1.03 1 | 0.92 | 0.80 |
Net realized and unrealized gains (losses) | 5.89 | (5.28) | 4.48 | (2.38) | 6.91 | 1.08 |
Total from investment operations | 6.72 | (4.08) | 5.52 | (1.35) | 7.83 | 1.88 |
Less distributions: | ||||||
Distributions from net investment income | (0.57) | (0.92) | (1.15) | (0.98) | (0.85) | (0.78) |
Net asset value at end of period | $43.23 | $37.08 | $42.08 | $37.71 | $40.04 | $33.06 |
Total return | 18.27% 2 | (9.91%) | 14.74% | (3.41%) | 24.04% | 6.08% |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.07% 3 | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Net investment income (loss) | 4.02% 3 | 2.93% | 2.50% | 2.70% | 2.56% | 2.52% |
Portfolio turnover rate4 | 4% 2 | 8% | 14% | 12% | 15% | 11% |
Net assets, end of period (x 1,000) | $4,837,331 | $3,691,377 | $3,037,968 | $1,823,208 | $1,269,306 | $790,052 |
* | Unaudited. |
Security | Number of Shares | Value ($) |
Common Stock 99.9% of net assets | ||
Diversified REITs 2.9% | ||
American Assets Trust, Inc. | 296,182 | 11,699,189 |
Forest City Realty Trust, Inc., Class A | 1,902,704 | 47,853,006 |
Liberty Property Trust | 1,052,457 | 46,044,994 |
PS Business Parks, Inc. | 142,047 | 18,527,190 |
Washington Real Estate Investment Trust | 560,166 | 17,678,839 |
141,803,218 | ||
Health Care REITs 10.3% | ||
HCP, Inc. | 3,345,395 | 90,426,027 |
Healthcare Realty Trust, Inc. | 891,277 | 27,593,936 |
LTC Properties, Inc. | 282,518 | 13,122,961 |
Senior Housing Properties Trust | 1,691,066 | 32,316,272 |
Universal Health Realty Income Trust | 90,053 | 6,866,541 |
Ventas, Inc. | 2,537,283 | 151,907,133 |
Welltower, Inc. | 2,648,869 | 176,706,051 |
498,938,921 | ||
Hotel & Resort REITs 9.0% | ||
Apple Hospitality REIT, Inc. | 1,541,267 | 27,203,362 |
Ashford Hospitality Trust, Inc. | 638,356 | 4,142,930 |
Braemar Hotels & Resorts, Inc. | 230,973 | 2,667,738 |
Chatham Lodging Trust | 325,923 | 6,991,048 |
Chesapeake Lodging Trust | 430,367 | 14,163,378 |
DiamondRock Hospitality Co. | 1,428,701 | 17,087,264 |
Hersha Hospitality Trust | 262,628 | 6,198,021 |
Hospitality Properties Trust | 1,170,975 | 33,946,565 |
Host Hotels & Resorts, Inc. | 5,279,078 | 113,658,549 |
LaSalle Hotel Properties | 785,789 | 27,589,052 |
Park Hotels & Resorts, Inc. | 1,432,300 | 47,910,435 |
Pebblebrook Hotel Trust | 491,711 | 18,984,962 |
RLJ Lodging Trust | 1,247,137 | 27,324,772 |
Ryman Hospitality Properties, Inc. | 364,957 | 32,382,635 |
Summit Hotel Properties, Inc. | 747,016 | 10,256,530 |
Sunstone Hotel Investors, Inc. | 1,606,106 | 26,950,459 |
Xenia Hotels & Resorts, Inc. | 760,948 | 18,460,598 |
435,918,298 | ||
Industrial REITs 9.3% | ||
Duke Realty Corp. | 2,542,460 | 72,434,685 |
EastGroup Properties, Inc. | 248,784 | 24,199,220 |
First Industrial Realty Trust, Inc. | 892,262 | 28,962,825 |
Prologis, Inc. | 4,481,224 | 301,048,628 |
Rexford Industrial Realty, Inc. | 648,568 | 21,078,460 |
447,723,818 | ||
Office REITs 16.5% | ||
Alexandria Real Estate Equities, Inc. | 733,357 | 94,126,371 |
Boston Properties, Inc. | 1,099,233 | 143,394,945 |
Brandywine Realty Trust | 1,271,544 | 21,311,077 |
Columbia Property Trust, Inc. | 844,645 | 20,339,052 |
Corporate Office Properties Trust | 727,460 | 22,391,219 |
Security | Number of Shares | Value ($) |
Cousins Properties, Inc. | 2,991,246 | 27,968,150 |
Douglas Emmett, Inc. | 1,137,527 | 44,431,805 |
Easterly Government Properties, Inc. | 429,065 | 8,688,566 |
Equity Commonwealth * | 864,583 | 27,718,531 |
Franklin Street Properties Corp. | 761,822 | 6,528,814 |
Highwoods Properties, Inc. | 736,027 | 36,609,983 |
Hudson Pacific Properties, Inc. | 1,116,070 | 37,767,809 |
JBG SMITH Properties | 663,496 | 24,854,560 |
Kilroy Realty Corp. | 703,898 | 51,483,100 |
Mack-Cali Realty Corp. | 642,407 | 14,030,169 |
NorthStar Realty Europe Corp. | 370,861 | 5,088,213 |
Paramount Group, Inc. | 1,456,043 | 23,121,963 |
Piedmont Office Realty Trust, Inc., Class A | 912,886 | 18,111,658 |
SL Green Realty Corp. | 629,681 | 65,738,696 |
Tier REIT, Inc. | 360,786 | 8,601,138 |
Vornado Realty Trust | 1,232,328 | 94,889,256 |
797,195,075 | ||
Residential REITs 21.2% | ||
American Campus Communities, Inc. | 973,468 | 40,817,513 |
American Homes 4 Rent, Class A | 1,850,137 | 42,923,178 |
Apartment Investment & Management Co., Class A | 1,120,547 | 49,079,959 |
AvalonBay Communities, Inc. | 984,180 | 180,390,352 |
Camden Property Trust | 660,675 | 62,803,766 |
Education Realty Trust, Inc. | 573,852 | 23,745,996 |
Equity LifeStyle Properties, Inc. | 631,964 | 61,224,672 |
Equity Residential | 2,622,037 | 177,643,007 |
Essex Property Trust, Inc. | 470,307 | 115,827,208 |
Independence Realty Trust, Inc. | 617,909 | 6,383,000 |
Invitation Homes, Inc. | 2,038,247 | 47,633,832 |
Mid-America Apartment Communities, Inc. | 810,320 | 83,916,739 |
Sun Communities, Inc. | 570,339 | 58,847,578 |
UDR, Inc. | 1,905,638 | 76,168,351 |
1,027,405,151 | ||
Retail REITs 18.5% | ||
Acadia Realty Trust | 581,224 | 16,576,509 |
Brixmor Property Group, Inc. | 2,156,980 | 39,300,176 |
CBL & Associates Properties, Inc. | 1,226,697 | 5,471,069 |
Cedar Realty Trust, Inc. | 558,520 | 2,496,584 |
DDR Corp. | 1,091,965 | 15,276,590 |
Federal Realty Investment Trust | 521,411 | 68,101,491 |
Kimco Realty Corp. | 3,025,693 | 51,769,607 |
Kite Realty Group Trust | 596,943 | 10,434,564 |
Pennsylvania Real Estate Investment Trust | 500,531 | 5,105,416 |
Ramco-Gershenson Properties Trust | 568,602 | 7,937,684 |
Regency Centers Corp. | 1,049,553 | 69,301,985 |
Retail Opportunity Investments Corp. | 803,146 | 15,854,102 |
Retail Properties of America, Inc., Class A | 1,563,099 | 19,898,250 |
Retail Value, Inc. * | 108,932 | 3,891,051 |
Saul Centers, Inc. | 86,358 | 5,181,480 |
Seritage Growth Properties, Class A (a) | 191,252 | 9,845,653 |
Simon Property Group, Inc. | 2,205,299 | 403,635,876 |
Tanger Factory Outlet Centers, Inc. | 672,504 | 16,180,446 |
Taubman Centers, Inc. | 434,152 | 28,050,561 |
The Macerich Co. | 773,095 | 45,411,600 |
Security | Number of Shares | Value ($) |
Urban Edge Properties | 754,745 | 17,253,471 |
Washington Prime Group, Inc. | 1,327,033 | 10,271,235 |
Weingarten Realty Investors | 848,439 | 26,242,218 |
893,487,618 | ||
Specialized REITs 12.2% | ||
CubeSmart | 1,298,319 | 39,663,645 |
Digital Realty Trust, Inc. | 1,466,585 | 182,267,184 |
Extra Space Storage, Inc. | 898,035 | 82,807,807 |
Life Storage, Inc. | 331,038 | 32,309,309 |
National Storage Affiliates Trust | 402,455 | 11,413,624 |
Public Storage | 1,066,987 | 226,820,097 |
QTS Realty Trust, Inc., Class A | 363,488 | 16,622,306 |
591,903,972 | ||
Total Common Stock | ||
(Cost $4,455,061,773) | 4,834,376,071 | |
Other Investment Companies 0.3% of net assets | ||
Money Market Fund 0.1% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.87% (b) | 6,381,448 | 6,381,448 |
Security | Number of Shares | Value ($) |
Securities Lending Collateral 0.2% | ||
Wells Fargo Government Money Market Fund, Select Class 1.87% (b) | 6,984,100 | 6,984,100 |
Total Other Investment Companies | ||
(Cost $13,365,548) | 13,365,548 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Appreciation ($) | ||||
Futures Contracts | ||||||
Long | ||||||
Dow Jones U.S. Real Estate Index, expires 09/21/18 | 70 | 2,298,800 | 17,972 |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $6,815,952. |
(b) | The rate shown is the 7-day yield. |
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 | |
Assets | |||||
Common Stock1 | $4,834,376,071 | $— | $— | $4,834,376,071 | |
Other Investment Companies1 | 13,365,548 | — | — | 13,365,548 | |
Futures Contracts2 | 17,972 | — | — | 17,972 | |
Total | $4,847,759,591 | $— | $— | $4,847,759,591 |
1 | As categorized in Portfolio Holdings. |
2 | Futures contracts are valued at unrealized appreciation or depreciation. |
Assets | ||
Investments in unaffiliated issuers, at value (cost $4,461,443,221) including securities on loan of $6,815,952 | $4,840,757,519 | |
Collateral invested for securities on loan, at value (cost $6,984,100) | 6,984,100 | |
Deposit with broker for futures contracts | 345,000 | |
Receivables: | ||
Fund shares sold | 10,775,285 | |
Dividends | 1,871,253 | |
Income from securities on loan | 9,683 | |
Variation margin on futures contracts | + | 6,791 |
Total assets | 4,860,749,631 | |
Liabilities | ||
Collateral held for securities on loan | 6,984,100 | |
Payables: | ||
Investments bought | 16,127,994 | |
Investment adviser fees | + | 306,359 |
Total liabilities | 23,418,453 | |
Net Assets | ||
Total assets | 4,860,749,631 | |
Total liabilities | – | 23,418,453 |
Net assets | $4,837,331,178 | |
Net Assets by Source | ||
Capital received from investors | 4,458,200,699 | |
Net investment income not yet distributed | 51,598,449 | |
Net realized capital losses | (51,800,240) | |
Net unrealized capital appreciation | 379,332,270 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$4,837,331,178 | 111,900,000 | $43.23 | ||
Investment Income | ||
Dividends | $89,135,384 | |
Securities on loan, net | + | 45,811 |
Total investment income | 89,181,195 | |
Expenses | ||
Investment adviser fees | 1,525,217 | |
Total expenses | – | 1,525,217 |
Net investment income | 87,655,978 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments | (19,070,609) | |
Net realized gains on in-kind redemptions | 2,737,763 | |
Net realized gains on futures contracts | + | 776,956 |
Net realized losses | (15,555,890) | |
Net change in unrealized appreciation (depreciation) on investments | 638,528,441 | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | 71,773 |
Net change in unrealized appreciation (depreciation) | + | 638,600,214 |
Net realized and unrealized gains | 623,044,324 | |
Increase in net assets resulting from operations | $710,700,302 |
Operations | ||||
3/1/18-8/31/18 | 3/1/17-2/28/18 | |||
Net investment income | $87,655,978 | $104,259,622 | ||
Net realized gains (losses) | (15,555,890) | 7,090,813 | ||
Net change in unrealized appreciation (depreciation) | + | 638,600,214 | (500,024,349) | |
Increase (decrease) in net assets resulting from operations | 710,700,302 | (388,673,914) | ||
Distributions to Shareholders | ||||
Distributions from net investment income | ($60,160,965) | ($81,189,390) |
Transactions in Fund Shares | ||||||||
3/1/18-8/31/18 | 3/1/17-2/28/18 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 13,350,000 | $535,399,736 | 31,550,000 | $1,293,274,077 | ||||
Shares redeemed | + | (1,000,000) | (39,985,009) | (4,200,000) | (170,001,738) | |||
Net transactions in fund shares | 12,350,000 | $495,414,727 | 27,350,000 | $1,123,272,339 | ||||
Shares Outstanding and Net Assets | ||||||||
3/1/18-8/31/18 | 3/1/17-2/28/18 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 99,550,000 | $3,691,377,114 | 72,200,000 | $3,037,968,079 | ||||
Total increase | + | 12,350,000 | 1,145,954,064 | 27,350,000 | 653,409,035 | |||
End of period | 111,900,000 | $4,837,331,178 | 99,550,000 | $3,691,377,114 | ||||
Net investment income not yet distributed | $51,598,449 | $24,103,436 |
SCHWAB STRATEGIC TRUST (ORGANIZED JANUARY 27, 2009) | |
Schwab U.S. REIT ETF | Schwab Emerging Markets Equity ETF™ |
Schwab U.S. Broad Market ETF™ | Schwab U.S. TIPS ETF™ |
Schwab 1000 Index® 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 |
2. Significant Accounting Policies:
3. Risk Factors:
Schwab VIT Balanced Portfolio | 0.1% |
Schwab VIT Balanced with Growth Portfolio | 0.2% |
Schwab VIT Growth Portfolio | 0.2% |
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 | 0.1% |
Schwab Target 2030 Index Fund | 0.1% |
Schwab Target 2035 Index Fund | 0.1% |
Schwab Target 2040 Index Fund | 0.1% |
Schwab Target 2045 Index Fund | 0.1% |
Schwab Target 2050 Index Fund | 0.1% |
Schwab Target 2055 Index Fund | 0.0%* |
Schwab Target 2060 Index Fund | 0.0%* |
* | Less than 0.05% |
5. Other Service Providers:
7. Borrowing from Banks:
8. Derivatives:
9. Purchases and Sales of Investment Securities:
Purchases of Securities | Sales of Securities |
$213,648,820 | $171,774,159 |
10. In-Kind Transactions:
In-Kind Purchases of Securities | In-Kind Sales of Securities |
$505,772,314 | $11,872,949 |
11. Federal Income Taxes
Tax cost | $4,485,066,181 |
Gross unrealized appreciation | $443,710,625 |
Gross unrealized depreciation | (81,017,215) |
Net unrealized appreciation (depreciation) | $362,693,410 |
12. Subsequent Events:
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) (investment management firm) and President, PIMCO Funds. | 104 | 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 (public policy think tank) (Oct. 1979 – present); Senior Fellow, Stanford Institute for Economic Policy Research (2000 – present); Professor of Public Policy, Stanford University (1994 – 2015). | 104 | Director, Gilead Sciences, Inc. (2005 – present) |
Nancy F. Heller 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 2018) | President and Chairman, TIAA Charitable (financial services) (2014 – 2016); Senior Managing Director, TIAA (financial services) (2003 – 2016). | 104 | None |
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). | 104 | None |
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 |
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. | 104 | 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). | 104 | Director, KLA-Tencor Corporation (2008 – present) |
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). | 104 | 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). | 104 | 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); Co-CEO, Colgin Cellars, LLC (vineyards) (Feb. 1998 – present). | 104 | 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); Director (May 2008 – present), President and Chief Executive Officer (Aug. 2017 – present), Schwab Holdings, Inc.; and Director, Charles Schwab Investment Management, Inc. (July 2016 – present). | 104 | Director, The Charles Schwab Corporation (2008 – present) |
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 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) (investment management firm) (Mar. 2007 – Aug. 2010). | 104 | 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) | Chief Operating Officer (Feb. 2018 – present), Senior Executive Vice President (July 2015 – Feb. 2018), The Charles Schwab Corporation; Senior Executive Vice President, Charles Schwab & Co., Inc. (July 2015 – present); Chief Financial Officer (July 2015 – Aug. 2017), Executive Vice President and Chief Financial Officer (May 2007 – July 2015), The Charles Schwab Corporation and Charles Schwab & Co., Inc.; Director, Charles Schwab & Co., Inc. (May 2007 – present); Director (Apr. 2010 – present) and Chief Executive Officer (July 2013 – Apr. 2015), Charles Schwab Bank; Director (May 2007 – present), Chief Financial Officer (May 2007 – Aug. 2017), Senior Executive Vice President (Feb. 2016 – present), and Executive Vice President (May 2007 – Feb. 2016), Schwab Holdings, Inc. | 104 | 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 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) (investment management firm) (Mar. 2007 – Aug. 2010). |
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 |
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). |
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. (investment management firm) (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 (investment management firm) (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. Mr. Bettinger is an Interested Trustee because he owns stock of The Charles Schwab Corporation (CSC), the parent company of Charles Schwab Investment Management, Inc. (CSIM), the investment adviser for the trusts in the Fund Complex, is an employee and director of Charles Schwab & Co., Inc. (CS&Co), the principal underwriter for The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios, and is a director of CSIM. Ms. Chandoha is an Interested Trustee because she owns stock of CSC and is an employee and director of CSIM. Mr. Martinetto is an Interested Trustee because he owns stock of CSC and is an employee and director of CS&Co. |
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 ETFs™
Index ETF
Printed on recycled paper.
* | FUNDAMENTAL INDEX is a registered trademark of Research Affiliates LLC. |
00215301
Table of Contents
Schwab Fundamental U.S. Broad Market Index ETF | FNDB |
Schwab Fundamental U.S. Large Company Index ETF | FNDX |
Schwab Fundamental U.S. Small Company Index ETF | FNDA |
Schwab Fundamental International Large Company Index ETF | FNDF |
Schwab Fundamental International Small Company Index ETF | FNDC |
Schwab Fundamental Emerging Markets Large Company Index ETF | FNDE |
* | SCHWAB is a registered trademark of Charles Schwab & Co., Inc. FUNDAMENTAL INDEX is a registered trademark of Research Affiliates LLC. |
Total Returns for the 6 Months Ended August 31, 2018 | |
Schwab Fundamental U.S. Broad Market Index ETF (Ticker Symbol: FNDB) | |
Market Price Return1 | 7.85% |
NAV Return1 | 8.05% |
Russell RAFITM US Index | 8.20% |
Russell 3000® Index | 8.88% |
ETF Category: Morningstar Large Value2 | 4.99% |
Performance Details | pages 7-8 |
Schwab Fundamental U.S. Large Company Index ETF (Ticker Symbol: FNDX) | |
Market Price Return1 | 7.53% |
NAV Return1 | 7.58% |
Russell RAFITM US Large Company Index | 7.70% |
Russell 1000® Index | 8.32% |
ETF Category: Morningstar Large Value2 | 4.99% |
Performance Details | pages 9-10 |
Schwab Fundamental U.S. Small Company Index ETF (Ticker Symbol: FNDA) | |
Market Price Return1 | 13.43% |
NAV Return1 | 13.57% |
Russell RAFITM US Small Company Index | 13.69% |
Russell 2000® Index | 15.84% |
ETF Category: Morningstar Small Blend2 | 13.09% |
Performance Details | pages 11-12 |
Total Returns for the 6 Months Ended August 31, 2018 | |
Schwab Fundamental International Large Company Index ETF (Ticker Symbol: FNDF) | |
Market Price Return1 | -2.32% |
NAV Return1 | -2.51% |
Russell RAFITM Developed ex US Large Company Index (Net)* | -2.54% |
MSCI EAFE® Index (Net)* | -2.55% |
ETF Category: Morningstar Foreign Large Value2 | -4.05% |
Performance Details | pages 13-14 |
Schwab Fundamental International Small Company Index ETF (Ticker Symbol: FNDC) | |
Market Price Return1 | -3.98% |
NAV Return1 | -4.25% |
Russell RAFITM Developed ex US Small Company Index (Net)* | -4.23% |
S&P Developed ex-U.S. Small Cap Index (Net)* | -2.16% |
ETF Category: Morningstar Foreign Small/Mid Blend2 | -3.66% |
Performance Details | pages 15-16 |
Schwab Fundamental Emerging Markets Large Company Index ETF (Ticker Symbol: FNDE) | |
Market Price Return1 | -8.85% |
NAV Return1 | -9.67% |
Russell RAFITM Emerging Markets Large Company Index (Net)* | -9.46% |
MSCI Emerging Markets Index (Net)* | -10.18% |
ETF Category: Morningstar Diversified Emerging Markets2 | -10.95% |
Performance Details | pages 17-18 |
* | The net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other 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 using the Official Closing Price on the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. 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. |
CEO of Charles Schwab
Investment Management, Inc.
and the funds covered
in this report.
1 | As measured by the rolling 12-month price return of the Russell 1000® Value Index minus the Russell 1000® Growth Index relative to standard deviation. |
* | The net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes. |
Christopher Bliss, CFA, Vice President and Head of the Passive Equity Team, leads the portfolio management team for Schwab’s passive equity mutual funds and ETFs. He also has overall responsibility for all aspects of the management of the funds. Prior to joining CSIM in 2016, Mr. Bliss spent 12 years at BlackRock (formerly Barclays Global Investors) managing and leading institutional index teams, most recently as a Managing Director and Head of Americas Institutional Index team. Prior to BlackRock, he worked as an equity analyst and portfolio manager for Harris Bretall and before that, as a research analyst for JP Morgan. |
Chuck Craig, CFA, Senior Portfolio Manager, is responsible for the day-to-day co-management of the Schwab Fundamental International Large Company Index ETF, Schwab Fundamental International Small Company Index ETF, and Schwab Fundamental Emerging Markets Large Company Index ETF. 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. |
Ferian Juwono, CFA, Senior Portfolio Manager, is responsible for the day-to-day co-management of the Schwab Fundamental U.S. Broad Market Index ETF, Schwab Fundamental U.S. Large Company Index ETF, and Schwab Fundamental U.S. Small Company Index ETF. 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. |
Jane Qin, Portfolio Manager, is responsible for the day-to-day co-management of the Schwab Fundamental International Large Company Index ETF, Schwab Fundamental International Small Company Index ETF, and Schwab Fundamental Emerging Markets Large Company Index ETF. 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. |
David Rios, Portfolio Manager, is responsible for the day-to-day co-management of the Schwab Fundamental International Large Company Index ETF, Schwab Fundamental International Small Company Index ETF, and Schwab Fundamental Emerging Markets Large Company Index ETF. He joined CSIM in 2008 and became a Portfolio Manager in 2014. Prior to this role, Mr. Rios served as an Associate Portfolio Manager on the Schwab Equity Index Strategies team for four years. His first role with CSIM was as a trade operation specialist. He also previously worked as a senior fund accountant at Investors Bank & Trust (subsequently acquired by State Street Corporation). |
Sabya Sinha, Portfolio Manager, is responsible for the day-to-day co-management of the Schwab Fundamental U.S. Broad Market Index ETF, Schwab Fundamental U.S. Large Company Index ETF, and Schwab Fundamental U.S. Small Company Index ETF. Prior to joining CSIM in 2015, Mr. Sinha spent a year at F-Squared Investments on the product development and analytics team. Prior to F-Squared, he worked at IndexIQ Advisors as a senior index portfolio manager for three years and for Bank of America’s Columbia Management subsidiary as a portfolio manager for three years. |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | Since Inception* |
Fund: Schwab Fundamental U.S. Broad Market Index ETF (8/15/13) | ||||
Market Price Return2 | 7.85% | 18.62% | 12.60% | 11.72% |
NAV Return2 | 8.05% | 18.51% | 12.59% | 11.73% |
Russell RAFITM US Index | 8.20% | 18.81% | 12.92% | 12.04% |
Russell 3000® Index | 8.88% | 20.25% | 14.25% | 13.44% |
ETF Category: Morningstar Large Value3 | 4.99% | 14.18% | 10.73% | N/A |
Fund Expense Ratio4: 0.25% |
* | 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 or sale 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 using the Official Closing Price on the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. 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. |
Number of Holdings | 1,561 |
Weighted Average Market Cap (millions) | $163,427 |
Price/Earnings Ratio (P/E) | 17.3 |
Price/Book Ratio (P/B) | 2.5 |
Portfolio Turnover Rate | 6% 2,3 |
1 | Excludes derivatives. |
2 | Not annualized. |
3 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
4 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
5 | This list is not a recommendation of any security by the investment adviser. |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | Since Inception* |
Fund: Schwab Fundamental U.S. Large Company Index ETF (8/15/13) | ||||
Market Price Return2 | 7.53% | 18.05% | 12.48% | 11.67% |
NAV Return2 | 7.58% | 18.14% | 12.54% | 11.69% |
Russell RAFITM US Large Company Index | 7.70% | 18.44% | 12.87% | 12.01% |
Russell 1000® Index | 8.32% | 19.82% | 14.36% | 13.56% |
ETF Category: Morningstar Large Value3 | 4.99% | 14.18% | 10.73% | N/A |
Fund Expense Ratio4: 0.25% |
* | 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 or sale 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 using the Official Closing Price on the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. 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. |
Number of Holdings | 677 |
Weighted Average Market Cap (millions) | $177,880 |
Price/Earnings Ratio (P/E) | 17.2 |
Price/Book Ratio (P/B) | 2.5 |
Portfolio Turnover Rate | 5% 2,3 |
1 | Excludes derivatives. |
2 | Not annualized. |
3 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
4 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
5 | This list is not a recommendation of any security by the investment adviser. |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | Since Inception* |
Fund: Schwab Fundamental U.S. Small Company Index ETF (8/15/13) | ||||
Market Price Return2 | 13.43% | 22.49% | 13.04% | 12.05% |
NAV Return2 | 13.57% | 22.64% | 13.04% | 12.07% |
Russell RAFITM US Small Company Index | 13.69% | 22.89% | 13.34% | 12.37% |
Russell 2000® Index | 15.84% | 25.45% | 13.00% | 12.09% |
ETF Category: Morningstar Small Blend3 | 13.09% | 21.89% | 11.48% | N/A |
Fund Expense Ratio4: 0.25% |
* | 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 or sale 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 using the Official Closing Price on the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. 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. |
Number of Holdings | 895 |
Weighted Average Market Cap (millions) | $5,039 |
Price/Earnings Ratio (P/E) | 18.6 |
Price/Book Ratio (P/B) | 2.0 |
Portfolio Turnover Rate | 15% 2,3 |
1 | Excludes derivatives. |
2 | Not annualized. |
3 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
4 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
5 | This list is not a recommendation of any security by the investment adviser. |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | Since Inception* |
Fund: Schwab Fundamental International Large Company Index ETF (8/15/13) | ||||
Market Price Return2 | -2.32% | 4.14% | 5.93% | 5.07% |
NAV Return2 | -2.51% | 4.69% | 6.08% | 5.10% |
Russell RAFITM Developed ex US Large Company Index (Net)3 | -2.54% | 4.75% | 6.25% | 5.27% |
MSCI EAFE® Index (Net)3 | -2.55% | 4.39% | 5.73% | 4.75% |
ETF Category: Morningstar Foreign Large Value4 | -4.05% | 0.96% | 4.23% | N/A |
Fund Expense Ratio5: 0.25% |
* | 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 or sale 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 using the Official Closing Price on the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. 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 | The net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes. |
4 | 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. |
5 | As stated in the prospectus. |
Number of Holdings | 874 |
Weighted Average Market Cap (millions) | $60,578 |
Price/Earnings Ratio (P/E) | 13.0 |
Price/Book Ratio (P/B) | 1.4 |
Portfolio Turnover Rate | 5% 2,3 |
1 | Excludes derivatives. |
2 | Not annualized. |
3 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
4 | This list is not a recommendation of any security by the investment adviser. |
5 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | Since Inception* |
Fund: Schwab Fundamental International Small Company Index ETF (8/15/13) | ||||
Market Price Return2 | -3.98% | 3.41% | 8.91% | 8.01% |
NAV Return2 | -4.25% | 3.99% | 9.05% | 8.02% |
Russell RAFITM Developed ex US Small Company Index (Net)3 | -4.23% | 4.24% | 9.51% | 8.48% |
S&P Developed ex-U.S. Small Cap Index (Net)3 | -2.16% | 7.12% | 9.24% | 8.33% |
ETF Category: Morningstar Foreign Small/Mid Blend4 | -3.66% | 4.14% | 7.63% | N/A |
Fund Expense Ratio5: 0.39% |
* | 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 or sale 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 using the Official Closing Price on the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. 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 | The net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes. |
4 | 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. |
5 | As stated in the prospectus. |
Number of Holdings | 1,515 |
Weighted Average Market Cap (millions) | $3,882 |
Price/Earnings Ratio (P/E) | 15.4 |
Price/Book Ratio (P/B) | 1.4 |
Portfolio Turnover Rate | 13% 2,3 |
1 | Excludes derivatives. |
2 | Not annualized. |
3 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
4 | This list is not a recommendation of any security by the investment adviser. |
5 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | Since Inception* |
Fund: Schwab Fundamental Emerging Markets Large Company Index ETF (8/15/13) | ||||
Market Price Return2 | -8.85% | 0.00% | 4.41% | 3.91% |
NAV Return2 | -9.67% | 0.18% | 4.38% | 3.89% |
Russell RAFITM Emerging Markets Large Company Index (Net)3 | -9.46% | 0.70% | 4.97% | 4.48% |
MSCI Emerging Markets Index (Net)3 | -10.18% | -0.68% | 5.04% | 4.17% |
ETF Category: Morningstar Diversified Emerging Markets4 | -10.95% | -2.79% | 4.06% | N/A |
Fund Expense Ratio5: 0.39% |
* | 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 or sale 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 using the Official Closing Price on the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. 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 | The net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes. |
4 | 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. |
5 | As stated in the prospectus. |
Number of Holdings | 329 |
Weighted Average Market Cap (millions) | $75,440 |
Price/Earnings Ratio (P/E) | 10.1 |
Price/Book Ratio (P/B) | 1.1 |
Portfolio Turnover Rate | 8% 2,3 |
1 | Excludes derivatives. |
2 | Not annualized. |
3 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
4 | This list is not a recommendation of any security by the investment adviser. |
5 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
Expense Ratio (Annualized)1 | Beginning Account Value at 3/1/18 | Ending Account Value (Net of Expenses) at 8/31/18 | Expenses Paid During Period 3/1/18-8/31/182 | |
Schwab Fundamental U.S. Broad Market Index ETF | ||||
Actual Return | 0.25% | $1,000.00 | $1,080.50 | $1.31 |
Hypothetical 5% Return | 0.25% | $1,000.00 | $1,023.94 | $1.28 |
Schwab Fundamental U.S. Large Company Index ETF | ||||
Actual Return | 0.25% | $1,000.00 | $1,075.80 | $1.31 |
Hypothetical 5% Return | 0.25% | $1,000.00 | $1,023.94 | $1.28 |
Schwab Fundamental U.S. Small Company Index ETF | ||||
Actual Return | 0.25% | $1,000.00 | $1,135.70 | $1.35 |
Hypothetical 5% Return | 0.25% | $1,000.00 | $1,023.94 | $1.28 |
Schwab Fundamental International Large Company Index ETF | ||||
Actual Return | 0.25% | $1,000.00 | $ 974.90 | $1.24 |
Hypothetical 5% Return | 0.25% | $1,000.00 | $1,023.94 | $1.28 |
Schwab Fundamental International Small Company Index ETF | ||||
Actual Return | 0.39% | $1,000.00 | $ 957.50 | $1.92 |
Hypothetical 5% Return | 0.39% | $1,000.00 | $1,023.23 | $1.99 |
Schwab Fundamental Emerging Markets Large Company Index ETF | ||||
Actual Return | 0.39% | $1,000.00 | $ 903.30 | $1.87 |
Hypothetical 5% Return | 0.39% | $1,000.00 | $1,023.23 | $1.99 |
1 | Based on the most recent six-month expense ratio; may differ from the expense ratio provided in the Financial Highlights. |
2 | Expenses for each 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. |
3/1/18– 8/31/18* | 3/1/17– 2/28/18 | 3/1/16– 2/28/17 | 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 | $36.95 | $33.82 | $27.37 | $30.54 | $27.36 | $25.00 |
Income (loss) from investment operations: | ||||||
Net investment income (loss) | 0.42 2 | 0.75 2 | 0.67 2 | 0.65 2 | 0.54 | 0.21 |
Net realized and unrealized gains (losses) | 2.53 | 3.09 | 6.45 | (3.18) | 3.14 | 2.28 |
Total from investment operations | 2.95 | 3.84 | 7.12 | (2.53) | 3.68 | 2.49 |
Less distributions: | ||||||
Distributions from net investment income | (0.38) | (0.71) | (0.67) | (0.64) | (0.50) | (0.13) |
Net asset value at end of period | $39.52 | $36.95 | $33.82 | $27.37 | $30.54 | $27.36 |
Total return | 8.05% 3 | 11.51% | 26.32% | (8.34%) | 13.54% | 9.99% 3 |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.25% 4 | 0.25% | 0.32% | 0.32% | 0.32% | 0.32% 4 |
Net investment income (loss) | 2.16% 4 | 2.14% | 2.17% | 2.23% | 2.14% | 2.11% 4 |
Portfolio turnover rate5 | 6% 3 | 10% | 10% | 12% | 10% | 5% 3 |
Net assets, end of period (x 1,000) | $268,741 | $260,469 | $263,785 | $166,985 | $212,247 | $58,823 |
* | Unaudited. |
Security | Number of Shares | % of Net Assets | Value ($) | |
Common Stock 99.8% of net assets | ||||
Automobiles & Components 1.3% | ||||
General Motors Co. | 31,195 | 0.4 | 1,124,580 | |
Other Securities | 0.9 | 2,423,633 | ||
1.3 | 3,548,213 | |||
Banks 4.9% | ||||
Bank of America Corp. | 44,643 | 0.5 | 1,380,808 | |
Citigroup, Inc. | 22,853 | 0.6 | 1,628,048 | |
JPMorgan Chase & Co. | 25,921 | 1.1 | 2,970,028 | |
Wells Fargo & Co. | 47,315 | 1.1 | 2,766,981 | |
Other Securities | 1.6 | 4,430,396 | ||
4.9 | 13,176,261 | |||
Capital Goods 8.0% | ||||
General Electric Co. | 158,992 | 0.8 | 2,057,356 | |
The Boeing Co. | 3,381 | 0.5 | 1,158,973 | |
United Technologies Corp. | 10,221 | 0.5 | 1,346,106 | |
Other Securities | 6.2 | 16,896,341 | ||
8.0 | 21,458,776 | |||
Commercial & Professional Services 1.0% | ||||
Other Securities | 1.0 | 2,717,986 | ||
Consumer Durables & Apparel 1.6% | ||||
Other Securities | 1.6 | 4,272,045 | ||
Consumer Services 1.9% | ||||
McDonald's Corp. | 8,136 | 0.5 | 1,319,903 | |
Other Securities | 1.4 | 3,875,155 | ||
1.9 | 5,195,058 | |||
Diversified Financials 4.5% | ||||
Berkshire Hathaway, Inc., Class B * | 13,844 | 1.1 | 2,889,520 | |
The Charles Schwab Corp. (b) | 2,501 | 0.1 | 127,026 | |
The Goldman Sachs Group, Inc. | 4,442 | 0.4 | 1,056,352 | |
Other Securities | 2.9 | 8,055,850 | ||
4.5 | 12,128,748 | |||
Energy 12.7% | ||||
Chevron Corp. | 44,280 | 2.0 | 5,245,409 | |
ConocoPhillips | 32,391 | 0.9 | 2,378,471 | |
Exxon Mobil Corp. | 111,402 | 3.3 | 8,931,098 | |
Marathon Petroleum Corp. | 14,807 | 0.5 | 1,218,468 |
Security | Number of Shares | % of Net Assets | Value ($) | |
Phillips 66 | 14,836 | 0.7 | 1,758,214 | |
Schlumberger Ltd. | 19,843 | 0.5 | 1,253,284 | |
Valero Energy Corp. | 17,146 | 0.8 | 2,021,170 | |
Other Securities | 4.0 | 11,376,619 | ||
12.7 | 34,182,733 | |||
Food & Staples Retailing 3.0% | ||||
Costco Wholesale Corp. | 6,062 | 0.5 | 1,413,234 | |
Walmart, Inc. | 36,753 | 1.3 | 3,523,143 | |
Other Securities | 1.2 | 3,007,666 | ||
3.0 | 7,944,043 | |||
Food, Beverage & Tobacco 3.9% | ||||
Archer-Daniels-Midland Co. | 22,169 | 0.4 | 1,117,318 | |
PepsiCo, Inc. | 13,848 | 0.6 | 1,551,114 | |
Philip Morris International, Inc. | 16,432 | 0.5 | 1,279,888 | |
The Coca-Cola Co. | 35,111 | 0.6 | 1,564,897 | |
Other Securities | 1.8 | 5,047,786 | ||
3.9 | 10,561,003 | |||
Health Care Equipment & Services 6.3% | ||||
Anthem, Inc. | 4,729 | 0.5 | 1,251,908 | |
CVS Health Corp. | 29,959 | 0.8 | 2,254,115 | |
Express Scripts Holding Co. * | 17,371 | 0.6 | 1,528,995 | |
UnitedHealth Group, Inc. | 7,860 | 0.8 | 2,110,096 | |
Other Securities | 3.6 | 9,764,627 | ||
6.3 | 16,909,741 | |||
Household & Personal Products 1.5% | ||||
The Procter & Gamble Co. | 31,007 | 1.0 | 2,572,031 | |
Other Securities | 0.5 | 1,536,368 | ||
1.5 | 4,108,399 | |||
Insurance 3.5% | ||||
American International Group, Inc. | 26,501 | 0.5 | 1,409,058 | |
Other Securities | 3.0 | 7,892,937 | ||
3.5 | 9,301,995 | |||
Materials 3.6% | ||||
DowDuPont, Inc. | 19,210 | 0.5 | 1,347,197 | |
Other Securities | 3.1 | 8,168,212 | ||
3.6 | 9,515,409 | |||
Security | Number of Shares | % of Net Assets | Value ($) | |
Media 2.6% | ||||
Comcast Corp., Class A | 46,880 | 0.7 | 1,734,091 | |
The Walt Disney Co. | 16,875 | 0.7 | 1,890,337 | |
Other Securities | 1.2 | 3,425,536 | ||
2.6 | 7,049,964 | |||
Pharmaceuticals, Biotechnology & Life Sciences 5.8% | ||||
Amgen, Inc. | 5,539 | 0.4 | 1,106,748 | |
Johnson & Johnson | 20,227 | 1.0 | 2,724,375 | |
Merck & Co., Inc. | 34,206 | 0.9 | 2,346,190 | |
Pfizer, Inc. | 84,717 | 1.3 | 3,517,450 | |
Other Securities | 2.2 | 5,875,314 | ||
5.8 | 15,570,077 | |||
Real Estate 2.2% | ||||
Other Securities | 2.2 | 5,914,492 | ||
Retailing 5.5% | ||||
Lowe's Cos., Inc. | 12,802 | 0.5 | 1,392,217 | |
Target Corp. | 17,172 | 0.6 | 1,502,550 | |
The Home Depot, Inc. | 9,948 | 0.7 | 1,997,260 | |
Other Securities | 3.7 | 9,908,579 | ||
5.5 | 14,800,606 | |||
Semiconductors & Semiconductor Equipment 2.9% | ||||
Intel Corp. | 62,529 | 1.1 | 3,028,279 | |
QUALCOMM, Inc. | 20,722 | 0.5 | 1,423,809 | |
Other Securities | 1.3 | 3,422,666 | ||
2.9 | 7,874,754 | |||
Software & Services 7.4% | ||||
International Business Machines Corp. | 18,407 | 1.0 | 2,696,257 | |
Microsoft Corp. | 43,679 | 1.8 | 4,906,462 | |
Oracle Corp. | 30,524 | 0.6 | 1,482,856 | |
Other Securities | 4.0 | 10,652,535 | ||
7.4 | 19,738,110 | |||
Technology Hardware & Equipment 6.6% | ||||
Apple, Inc. | 43,282 | 3.7 | 9,852,282 | |
Cisco Systems, Inc. | 45,535 | 0.8 | 2,175,207 | |
Other Securities | 2.1 | 5,635,356 | ||
6.6 | 17,662,845 | |||
Telecommunication Services 3.2% | ||||
AT&T, Inc. | 122,626 | 1.5 | 3,916,675 | |
Verizon Communications, Inc. | 60,198 | 1.2 | 3,272,965 | |
Other Securities | 0.5 | 1,410,202 | ||
3.2 | 8,599,842 | |||
Security | Number of Shares | % of Net Assets | Value ($) | |
Transportation 2.3% | ||||
Union Pacific Corp. | 8,466 | 0.5 | 1,275,149 | |
Other Securities | 1.8 | 4,934,156 | ||
2.3 | 6,209,305 | |||
Utilities 3.6% | ||||
Other Securities | 3.6 | 9,668,798 | ||
Total Common Stock | ||||
(Cost $219,880,601) | 268,109,203 | |||
Rights 0.0% of net assets | ||||
Materials 0.0% | ||||
Other Securities | 0.0 | 938 | ||
Total Rights | ||||
(Cost $895) | 938 | |||
Other Investment Companies 0.3% of net assets | ||||
Money Market Fund 0.1% | ||||
Other Securities | 0.1 | 242,096 | ||
Securities Lending Collateral 0.2% | ||||
Other Securities | 0.2 | 555,595 | ||
Total Other Investment Companies | ||||
(Cost $797,691) | 797,691 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Appreciation ($) | ||
Futures Contracts | ||||
Long | ||||
S&P 500 Index, e-mini, expires 09/21/18 | 4 | 580,420 | 12,870 |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $530,811. |
(b) | Issuer is affiliated with the fund’s investment adviser. |
(c) | Fair-valued by management using significant unobservable inputs in accordance with procedures approved by the fund’s Board of Trustees. |
(d) | The rate shown is the 7-day yield. |
CVR — | Contingent Value Rights |
REIT — | Real Estate Investment Trust |
Balance of Shares Held at 2/28/18 | Gross Purchases | Gross Sales | Balance of Shares Held at 8/31/18 | Net change in unrealized appreciation (depreciation) | Realized Gains(Losses) | Dividends Received | |
The Charles Schwab Corp. | 2,757 | 216 | (472) | 2,501 | ($11,540) | $7,062 | $597 |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Common Stock1 | $268,109,203 | $— | $— | $268,109,203 | |
Rights 1 | |||||
Materials | — | — | 938 | 938 | |
Other Investment Companies1 | 797,691 | — | — | 797,691 | |
Futures Contracts2 | 12,870 | — | — | 12,870 | |
Total | $268,919,764 | $— | $938 | $268,920,702 |
1 | As categorized in the complete schedule of Portfolio Holdings. |
2 | Futures contracts are valued at unrealized appreciation or depreciation. |
Assets | ||
Investments in affiliated issuers, at value (cost $72,282) | $127,026 | |
Investments in unaffiliated issuers, at value (cost $220,051,310) including securities on loan of $530,811 | 268,225,211 | |
Collateral invested for securities on loan, at value (cost $555,595) | 555,595 | |
Deposit with broker for futures contracts | 56,000 | |
Receivables: | ||
Investments sold | 229 | |
Dividends | 677,714 | |
Income from securities on loan | 1,233 | |
Variation margin on futures contracts | + | 20 |
Total assets | 269,643,028 | |
Liabilities | ||
Collateral held for securities on loan | 555,595 | |
Payables: | ||
Investments bought | 284,230 | |
Investment adviser fees | + | 61,755 |
Total liabilities | 901,580 | |
Net Assets | ||
Total assets | 269,643,028 | |
Total liabilities | – | 901,580 |
Net assets | $268,741,448 | |
Net Assets by Source | ||
Capital received from investors | 214,046,256 | |
Net investment income not yet distributed | 1,189,769 | |
Net realized capital gains | 5,263,908 | |
Net unrealized capital appreciation | 48,241,515 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$268,741,448 | 6,800,000 | $39.52 | ||
Investment Income | ||
Dividends received from affiliated issuer | $597 | |
Dividends received from unaffiliated issuers (net of foreign withholding tax of $83) | 3,212,079 | |
Securities on loan, net | + | 12,642 |
Total investment income | 3,225,318 | |
Expenses | ||
Investment adviser fees | 334,661 | |
Total expenses | – | 334,661 |
Net investment income | 2,890,657 | |
Realized and Unrealized Gains (Losses) | ||
Net realized gains on affiliated issuer | 336 | |
Net realized losses on unaffiliated investments | (303,044) | |
Net realized gains on in-kind redemptions on affiliated issuer | 6,726 | |
Net realized gains on in-kind redemptions on unaffiliated investments | 8,903,060 | |
Net realized gains on futures contracts | + | 16,079 |
Net realized gains | 8,623,157 | |
Net change in unrealized appreciation (depreciation) on affiliated issuer | (11,540) | |
Net change in unrealized appreciation (depreciation) on unaffiliated investments | 9,087,214 | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | 5,098 |
Net change in unrealized appreciation (depreciation) | + | 9,080,772 |
Net realized and unrealized gains | 17,703,929 | |
Increase in net assets resulting from operations | $20,594,586 |
Operations | ||||
3/1/18-8/31/18 | 3/1/17-2/28/18 | |||
Net investment income | $2,890,657 | $5,812,740 | ||
Net realized gains | 8,623,157 | 19,088,171 | ||
Net change in unrealized appreciation (depreciation) | + | 9,080,772 | 6,958,620 | |
Increase in net assets resulting from operations | 20,594,586 | 31,859,531 | ||
Distributions to Shareholders | ||||
Distributions from net investment income | ($2,609,555) | ($5,604,215) |
Transactions in Fund Shares | ||||||||
3/1/18-8/31/18 | 3/1/17-2/28/18 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 450,000 | $16,936,939 | 850,000 | $30,306,185 | ||||
Shares redeemed | + | (700,000) | (26,650,002) | (1,600,001) | (59,876,615) | |||
Net transactions in fund shares | (250,000) | ($9,713,063) | (750,001) | ($29,570,430) | ||||
Shares Outstanding and Net Assets | ||||||||
3/1/18-8/31/18 | 3/1/17-2/28/18 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 7,050,000 | $260,469,480 | 7,800,001 | $263,784,594 | ||||
Total increase or decrease | + | (250,000) | 8,271,968 | (750,001) | (3,315,114) | |||
End of period | 6,800,000 | $268,741,448 | 7,050,000 | $260,469,480 | ||||
Net investment income not yet distributed | $1,189,769 | $908,667 |
3/1/18– 8/31/18* | 3/1/17– 2/28/18 | 3/1/16– 2/28/17 | 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 | $37.20 | $33.91 | $27.57 | $30.55 | $27.27 | $25.00 |
Income (loss) from investment operations: | ||||||
Net investment income (loss) | 0.43 2 | 0.78 2 | 0.70 2 | 0.69 2 | 0.52 | 0.21 |
Net realized and unrealized gains (losses) | 2.37 | 3.21 | 6.29 | (3.10) | 3.25 | 2.18 |
Total from investment operations | 2.80 | 3.99 | 6.99 | (2.41) | 3.77 | 2.39 |
Less distributions: | ||||||
Distributions from net investment income | (0.38) | (0.70) | (0.65) | (0.57) | (0.49) | (0.12) |
Net asset value at end of period | $39.62 | $37.20 | $33.91 | $27.57 | $30.55 | $27.27 |
Total return | 7.58% 3 | 11.91% | 25.66% | (7.92%) | 13.92% | 9.59% 3 |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.25% 4 | 0.25% | 0.32% | 0.32% | 0.32% | 0.32% 4 |
Net investment income (loss) | 2.21% 4 | 2.22% | 2.26% | 2.39% | 2.24% | 2.20% 4 |
Portfolio turnover rate5 | 5% 3 | 9% | 10% | 11% | 10% | 6% 3 |
Net assets, end of period (x 1,000) | $4,764,076 | $4,016,040 | $2,197,623 | $893,389 | $336,043 | $72,259 |
* | Unaudited. |
Security | Number of Shares | % of Net Assets | Value ($) | |
Common Stock 99.8% of net assets | ||||
Automobiles & Components 1.4% | ||||
General Motors Co. | 601,703 | 0.4 | 21,691,393 | |
Other Securities | 1.0 | 42,727,204 | ||
1.4 | 64,418,597 | |||
Banks 4.8% | ||||
Bank of America Corp. | 862,875 | 0.6 | 26,688,724 | |
Citigroup, Inc. | 442,464 | 0.7 | 31,521,135 | |
JPMorgan Chase & Co. | 501,379 | 1.2 | 57,448,006 | |
Wells Fargo & Co. | 915,634 | 1.1 | 53,546,276 | |
Other Securities | 1.2 | 59,625,351 | ||
4.8 | 228,829,492 | |||
Capital Goods 7.6% | ||||
3M Co. | 97,038 | 0.4 | 20,467,255 | |
General Electric Co. | 3,077,524 | 0.8 | 39,823,161 | |
The Boeing Co. | 65,491 | 0.5 | 22,449,660 | |
United Technologies Corp. | 197,130 | 0.6 | 25,962,021 | |
Other Securities | 5.3 | 252,955,132 | ||
7.6 | 361,657,229 | |||
Commercial & Professional Services 0.6% | ||||
Other Securities | 0.6 | 29,322,574 | ||
Consumer Durables & Apparel 1.4% | ||||
Other Securities | 1.4 | 65,764,144 | ||
Consumer Services 1.6% | ||||
McDonald's Corp. | 157,308 | 0.5 | 25,520,077 | |
Other Securities | 1.1 | 52,706,371 | ||
1.6 | 78,226,448 | |||
Diversified Financials 4.6% | ||||
Berkshire Hathaway, Inc., Class B * | 267,531 | 1.2 | 55,839,070 | |
The Charles Schwab Corp. (b) | 48,906 | 0.1 | 2,483,936 | |
Other Securities | 3.3 | 159,399,412 | ||
4.6 | 217,722,418 | |||
Energy 13.2% | ||||
Chevron Corp. | 855,960 | 2.1 | 101,397,022 | |
ConocoPhillips | 627,170 | 1.0 | 46,053,093 | |
Exxon Mobil Corp. | 2,154,055 | 3.6 | 172,690,589 | |
Marathon Petroleum Corp. | 286,594 | 0.5 | 23,583,820 |
Security | Number of Shares | % of Net Assets | Value ($) | |
Phillips 66 | 287,010 | 0.7 | 34,013,555 | |
Schlumberger Ltd. | 382,658 | 0.5 | 24,168,679 | |
Valero Energy Corp. | 331,244 | 0.8 | 39,047,043 | |
Other Securities | 4.0 | 189,050,732 | ||
13.2 | 630,004,533 | |||
Food & Staples Retailing 3.1% | ||||
Costco Wholesale Corp. | 117,485 | 0.6 | 27,389,278 | |
Walmart, Inc. | 711,056 | 1.4 | 68,161,828 | |
Other Securities | 1.1 | 54,054,687 | ||
3.1 | 149,605,793 | |||
Food, Beverage & Tobacco 4.1% | ||||
Archer-Daniels-Midland Co. | 429,350 | 0.5 | 21,639,240 | |
PepsiCo, Inc. | 268,365 | 0.6 | 30,059,564 | |
Philip Morris International, Inc. | 317,250 | 0.5 | 24,710,602 | |
The Coca-Cola Co. | 678,648 | 0.6 | 30,247,341 | |
Other Securities | 1.9 | 88,116,735 | ||
4.1 | 194,773,482 | |||
Health Care Equipment & Services 6.5% | ||||
Anthem, Inc. | 91,425 | 0.5 | 24,202,940 | |
CVS Health Corp. | 580,383 | 0.9 | 43,668,017 | |
Express Scripts Holding Co. * | 336,496 | 0.6 | 29,618,378 | |
UnitedHealth Group, Inc. | 151,922 | 0.9 | 40,784,980 | |
Other Securities | 3.6 | 170,957,154 | ||
6.5 | 309,231,469 | |||
Household & Personal Products 1.6% | ||||
The Procter & Gamble Co. | 598,868 | 1.0 | 49,676,101 | |
Other Securities | 0.6 | 26,292,351 | ||
1.6 | 75,968,452 | |||
Insurance 3.5% | ||||
American International Group, Inc. | 512,306 | 0.6 | 27,239,310 | |
Other Securities | 2.9 | 138,491,948 | ||
3.5 | 165,731,258 | |||
Materials 3.3% | ||||
DowDuPont, Inc. | 370,259 | 0.6 | 25,966,264 | |
Other Securities | 2.7 | 129,281,458 | ||
3.3 | 155,247,722 | |||
Security | Number of Shares | % of Net Assets | Value ($) | |
Media 2.7% | ||||
Comcast Corp., Class A | 907,007 | 0.7 | 33,550,189 | |
The Walt Disney Co. | 326,108 | 0.8 | 36,530,618 | |
Other Securities | 1.2 | 58,470,348 | ||
2.7 | 128,551,155 | |||
Pharmaceuticals, Biotechnology & Life Sciences 6.1% | ||||
Amgen, Inc. | 107,205 | 0.5 | 21,420,631 | |
Johnson & Johnson | 391,360 | 1.1 | 52,712,278 | |
Merck & Co., Inc. | 661,544 | 1.0 | 45,375,303 | |
Pfizer, Inc. | 1,638,419 | 1.4 | 68,027,157 | |
Other Securities | 2.1 | 104,160,549 | ||
6.1 | 291,695,918 | |||
Real Estate 1.5% | ||||
Other Securities | 1.5 | 72,180,760 | ||
Retailing 5.5% | ||||
Lowe's Cos., Inc. | 247,766 | 0.6 | 26,944,552 | |
Target Corp. | 332,196 | 0.6 | 29,067,150 | |
The Home Depot, Inc. | 192,075 | 0.8 | 38,562,898 | |
Other Securities | 3.5 | 168,365,639 | ||
5.5 | 262,940,239 | |||
Semiconductors & Semiconductor Equipment 3.0% | ||||
Intel Corp. | 1,209,637 | 1.2 | 58,582,720 | |
QUALCOMM, Inc. | 400,500 | 0.6 | 27,518,355 | |
Other Securities | 1.2 | 57,697,902 | ||
3.0 | 143,798,977 | |||
Software & Services 7.5% | ||||
International Business Machines Corp. | 356,331 | 1.1 | 52,195,365 | |
Microsoft Corp. | 844,819 | 2.0 | 94,898,518 | |
Oracle Corp. | 590,404 | 0.6 | 28,681,826 | |
Other Securities | 3.8 | 180,769,705 | ||
7.5 | 356,545,414 | |||
Technology Hardware & Equipment 6.8% | ||||
Apple, Inc. | 837,176 | 4.0 | 190,566,373 | |
Cisco Systems, Inc. | 882,715 | 0.9 | 42,167,296 | |
Other Securities | 1.9 | 90,807,479 | ||
6.8 | 323,541,148 | |||
Security | Number of Shares | % of Net Assets | Value ($) | |
Telecommunication Services 3.4% | ||||
AT&T, Inc. | 2,371,757 | 1.6 | 75,753,919 | |
Verizon Communications, Inc. | 1,165,121 | 1.3 | 63,347,629 | |
Other Securities | 0.5 | 24,895,269 | ||
3.4 | 163,996,817 | |||
Transportation 2.3% | ||||
Union Pacific Corp. | 163,657 | 0.5 | 24,650,017 | |
Other Securities | 1.8 | 83,773,823 | ||
2.3 | 108,423,840 | |||
Utilities 3.7% | ||||
Other Securities | 3.7 | 174,875,514 | ||
Total Common Stock | ||||
(Cost $4,012,405,120) | 4,753,053,393 | |||
Other Investment Companies 0.2% of net assets | ||||
Money Market Fund 0.1% | ||||
Other Securities | 0.1 | 3,355,357 | ||
Securities Lending Collateral 0.1% | ||||
Other Securities | 0.1 | 8,443,362 | ||
Total Other Investment Companies | ||||
(Cost $11,798,719) | 11,798,719 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Appreciation ($) | ||
Futures Contracts | ||||
Long | ||||
S&P 500 Index, e-mini, expires 09/21/18 | 75 | 10,882,875 | 157,446 |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $8,110,946. |
(b) | Issuer is affiliated with the fund’s investment adviser. |
(c) | The rate shown is the 7-day yield. |
Balance of Shares Held at 2/28/18 | Gross Purchases | Gross Sales | Balance of Shares Held at 8/31/18 | Net change in unrealized appreciation (depreciation) | Realized Gains(Losses) | Dividends Received | |
The Charles Schwab Corp. | 48,120 | 6,346 | (5,560) | 48,906 | ($112,956) | $7,429 | $11,019 |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Common Stock1 | $4,753,053,393 | $— | $— | $4,753,053,393 | |
Other Investment Companies1 | 11,798,719 | — | — | 11,798,719 | |
Futures Contracts2 | 157,446 | — | — | 157,446 | |
Total | $4,765,009,558 | $— | $— | $4,765,009,558 |
1 | As categorized in the complete schedule of Portfolio Holdings. |
2 | Futures contracts are valued at unrealized appreciation or depreciation. |
Assets | ||
Investments in affiliated issuers, at value (cost $1,779,100) | $2,483,936 | |
Investments in unaffiliated issuers, at value (cost $4,013,981,377) including securities on loan of $8,110,946 | 4,753,924,814 | |
Collateral invested for securities on loan, at value (cost $8,443,362) | 8,443,362 | |
Deposit with broker for futures contracts | 918,400 | |
Receivables: | ||
Dividends | 12,545,842 | |
Fund shares sold | 11,886,866 | |
Income from securities on loan | 13,968 | |
Variation margin on futures contracts | + | 60 |
Total assets | 4,790,217,248 | |
Liabilities | ||
Collateral held for securities on loan | 8,443,362 | |
Payables: | ||
Investments bought | 16,614,287 | |
Investment adviser fees | + | 1,084,094 |
Total liabilities | 26,141,743 | |
Net Assets | ||
Total assets | 4,790,217,248 | |
Total liabilities | – | 26,141,743 |
Net assets | $4,764,075,505 | |
Net Assets by Source | ||
Capital received from investors | 3,981,498,861 | |
Net investment income not yet distributed | 20,749,944 | |
Net realized capital gains | 21,020,981 | |
Net unrealized capital appreciation | 740,805,719 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$4,764,075,505 | 120,250,000 | $39.62 | ||
Investment Income | ||
Dividends received from affiliated issuer | $11,019 | |
Dividends received from unaffiliated issuers | 54,030,680 | |
Securities on loan, net | + | 171,976 |
Total investment income | 54,213,675 | |
Expenses | ||
Investment adviser fees | 5,504,630 | |
Total expenses | – | 5,504,630 |
Net investment income | 48,709,045 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on affiliated issuer | (2,775) | |
Net realized losses on unaffiliated investments | (7,665,188) | |
Net realized gains on in-kind redemptions on affiliated issuer | 10,204 | |
Net realized gains on in-kind redemptions on unaffiliated investments | 47,812,759 | |
Net realized gains on futures contracts | + | 555,959 |
Net realized gains | 40,710,959 | |
Net change in unrealized appreciation (depreciation) on affiliated issuer | (112,956) | |
Net change in unrealized appreciation (depreciation) on unaffiliated investments | 235,514,193 | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | 106,002 |
Net change in unrealized appreciation (depreciation) | + | 235,507,239 |
Net realized and unrealized gains | 276,218,198 | |
Increase in net assets resulting from operations | $324,927,243 |
Operations | ||||
3/1/18-8/31/18 | 3/1/17-2/28/18 | |||
Net investment income | $48,709,045 | $68,571,825 | ||
Net realized gains (losses) | 40,710,959 | (2,878,247) | ||
Net change in unrealized appreciation (depreciation) | + | 235,507,239 | 293,583,625 | |
Increase in net assets resulting from operations | 324,927,243 | 359,277,203 | ||
Distributions to Shareholders | ||||
Distributions from net investment income | ($42,356,310) | ($60,154,490) |
Transactions in Fund Shares | ||||||||
3/1/18-8/31/18 | 3/1/17-2/28/18 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 15,550,000 | $587,201,006 | 44,550,000 | $1,569,715,219 | ||||
Shares redeemed | + | (3,250,000) | (121,736,812) | (1,400,001) | (50,420,506) | |||
Net transactions in fund shares | 12,300,000 | $465,464,194 | 43,149,999 | $1,519,294,713 | ||||
Shares Outstanding and Net Assets | ||||||||
3/1/18-8/31/18 | 3/1/17-2/28/18 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 107,950,000 | $4,016,040,378 | 64,800,001 | $2,197,622,952 | ||||
Total increase | + | 12,300,000 | 748,035,127 | 43,149,999 | 1,818,417,426 | |||
End of period | 120,250,000 | $4,764,075,505 | 107,950,000 | $4,016,040,378 | ||||
Net investment income not yet distributed | $20,749,944 | $14,397,209 |
3/1/18– 8/31/18* | 3/1/17– 2/28/18 | 3/1/16– 2/28/17 | 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 | $36.90 | $34.89 | $26.47 | $30.68 | $28.44 | $25.00 |
Income (loss) from investment operations: | ||||||
Net investment income (loss) | 0.33 2 | 0.52 2 | 0.45 2 | 0.41 2 | 0.34 | 0.12 |
Net realized and unrealized gains (losses) | 4.67 | 1.98 | 8.37 | (4.25) | 2.22 | 3.41 |
Total from investment operations | 5.00 | 2.50 | 8.82 | (3.84) | 2.56 | 3.53 |
Less distributions: | ||||||
Distributions from net investment income | (0.18) | (0.49) | (0.40) | (0.37) | (0.32) | (0.09) |
Net asset value at end of period | $41.72 | $36.90 | $34.89 | $26.47 | $30.68 | $28.44 |
Total return | 13.57% 3 | 7.22% | 33.56% | (12.60%) | 9.06% | 14.14% 3 |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.25% 4 | 0.25% | 0.32% | 0.32% | 0.32% | 0.32% 4 |
Net investment income (loss) | 1.65% 4 | 1.45% | 1.43% | 1.43% | 1.32% | 1.16% 4 |
Portfolio turnover rate5 | 15% 3 | 21% | 23% | 23% | 22% | 9% 3 |
Net assets, end of period (x 1,000) | $3,592,246 | $2,782,002 | $1,568,402 | $608,865 | $187,141 | $55,465 |
* | Unaudited. |
Security | Number of Shares | % of Net Assets | Value ($) | |
Common Stock 99.9% of net assets | ||||
Automobiles & Components 0.9% | ||||
Other Securities | 0.9 | 34,138,241 | ||
Banks 6.0% | ||||
Other Securities | 6.0 | 215,405,818 | ||
Capital Goods 12.3% | ||||
EnerSys | 107,485 | 0.2 | 8,920,180 | |
KBR, Inc. | 505,948 | 0.3 | 10,614,789 | |
MRC Global, Inc. * | 428,630 | 0.2 | 8,834,064 | |
Nordson Corp. | 63,336 | 0.2 | 8,804,971 | |
NOW, Inc. * | 687,380 | 0.3 | 11,816,062 | |
Teledyne Technologies, Inc. * | 39,520 | 0.2 | 9,376,515 | |
Other Securities | 10.9 | 383,217,777 | ||
12.3 | 441,584,358 | |||
Commercial & Professional Services 5.4% | ||||
Copart, Inc. * | 169,358 | 0.3 | 10,891,413 | |
Essendant, Inc. | 770,691 | 0.3 | 11,121,071 | |
FTI Consulting, Inc. * | 108,742 | 0.2 | 8,288,315 | |
Other Securities | 4.6 | 162,743,404 | ||
5.4 | 193,044,203 | |||
Consumer Durables & Apparel 3.9% | ||||
Deckers Outdoor Corp. * | 89,169 | 0.3 | 10,864,351 | |
Lululemon Athletica, Inc. * | 83,591 | 0.4 | 12,950,754 | |
Other Securities | 3.2 | 116,317,392 | ||
3.9 | 140,132,497 | |||
Consumer Services 5.2% | ||||
Adtalem Global Education, Inc. * | 205,224 | 0.3 | 9,819,968 | |
SeaWorld Entertainment, Inc. * | 320,172 | 0.3 | 9,387,443 | |
Other Securities | 4.6 | 166,531,150 | ||
5.2 | 185,738,561 | |||
Diversified Financials 3.9% | ||||
Other Securities | 3.9 | 138,791,213 | ||
Energy 7.2% | ||||
Cabot Oil & Gas Corp. | 343,494 | 0.2 | 8,185,462 | |
Chesapeake Energy Corp. * | 3,404,198 | 0.4 | 15,080,597 | |
Delek US Holdings, Inc. | 406,591 | 0.6 | 22,159,209 | |
Denbury Resources, Inc. * | 1,941,003 | 0.3 | 10,811,387 |
Security | Number of Shares | % of Net Assets | Value ($) | |
Diamond Offshore Drilling, Inc. *(a) | 634,105 | 0.3 | 11,046,109 | |
Energen Corp. * | 108,960 | 0.2 | 8,449,848 | |
McDermott International, Inc. * | 753,126 | 0.4 | 14,565,457 | |
Oil States International, Inc. * | 273,981 | 0.2 | 9,274,257 | |
Peabody Energy Corp. | 240,247 | 0.3 | 9,924,604 | |
Superior Energy Services, Inc. * | 1,076,412 | 0.3 | 9,687,708 | |
Whiting Petroleum Corp. * | 328,393 | 0.5 | 16,718,488 | |
Other Securities | 3.5 | 123,325,627 | ||
7.2 | 259,228,753 | |||
Food & Staples Retailing 1.0% | ||||
SUPERVALU, Inc. * | 262,682 | 0.3 | 8,482,002 | |
Other Securities | 0.7 | 25,913,992 | ||
1.0 | 34,395,994 | |||
Food, Beverage & Tobacco 2.2% | ||||
Lamb Weston Holdings, Inc. | 152,178 | 0.3 | 10,287,233 | |
Other Securities | 1.9 | 68,616,017 | ||
2.2 | 78,903,250 | |||
Health Care Equipment & Services 4.1% | ||||
Encompass Health Corp. | 118,781 | 0.3 | 9,691,342 | |
Other Securities | 3.8 | 139,028,355 | ||
4.1 | 148,719,697 | |||
Household & Personal Products 0.8% | ||||
Other Securities | 0.8 | 28,250,913 | ||
Insurance 3.3% | ||||
Kemper Corp. | 103,929 | 0.2 | 8,454,624 | |
Primerica, Inc. | 81,346 | 0.3 | 9,944,549 | |
The Hanover Insurance Group, Inc. | 68,217 | 0.2 | 8,355,900 | |
Other Securities | 2.6 | 91,107,804 | ||
3.3 | 117,862,877 | |||
Materials 6.6% | ||||
Allegheny Technologies, Inc. * | 318,794 | 0.2 | 8,617,002 | |
Cabot Corp. | 132,631 | 0.2 | 8,610,405 | |
Cleveland-Cliffs, Inc. * | 1,208,074 | 0.3 | 12,141,144 | |
The Chemours Co. | 264,021 | 0.3 | 11,511,316 | |
Other Securities | 5.6 | 196,779,517 | ||
6.6 | 237,659,384 | |||
Media 1.8% | ||||
Other Securities | 1.8 | 64,850,741 | ||
Security | Number of Shares | % of Net Assets | Value ($) | |
Pharmaceuticals, Biotechnology & Life Sciences 2.2% | ||||
Illumina, Inc. * | 31,428 | 0.3 | 11,151,597 | |
PerkinElmer, Inc. | 98,359 | 0.2 | 9,091,322 | |
Other Securities | 1.7 | 58,129,243 | ||
2.2 | 78,372,162 | |||
Real Estate 9.7% | ||||
Other Securities | 9.7 | 347,763,779 | ||
Retailing 5.4% | ||||
Ascena Retail Group, Inc. * | 3,453,876 | 0.4 | 15,818,752 | |
Express, Inc. * | 755,295 | 0.2 | 8,474,410 | |
Genesco, Inc. * | 225,803 | 0.3 | 11,482,083 | |
Guess?, Inc. | 407,113 | 0.3 | 9,974,268 | |
Netflix, Inc. * | 25,082 | 0.3 | 9,222,150 | |
Other Securities | 3.9 | 139,749,359 | ||
5.4 | 194,721,022 | |||
Semiconductors & Semiconductor Equipment 2.0% | ||||
Cree, Inc. * | 199,180 | 0.2 | 9,582,550 | |
Other Securities | 1.8 | 62,252,814 | ||
2.0 | 71,835,364 | |||
Software & Services 5.8% | ||||
ANSYS, Inc. * | 45,817 | 0.2 | 8,521,046 | |
Gartner, Inc. * | 54,304 | 0.2 | 8,132,567 | |
Synopsys, Inc. * | 80,598 | 0.2 | 8,232,280 | |
VeriSign, Inc. * | 66,430 | 0.3 | 10,536,462 | |
Other Securities | 4.9 | 173,222,214 | ||
5.8 | 208,644,569 | |||
Technology Hardware & Equipment 4.1% | ||||
Insight Enterprises, Inc. * | 195,495 | 0.3 | 10,779,594 | |
Vishay Intertechnology, Inc. | 371,656 | 0.2 | 8,845,413 | |
Other Securities | 3.6 | 129,585,343 | ||
4.1 | 149,210,350 | |||
Telecommunication Services 0.6% | ||||
Other Securities | 0.6 | 20,041,485 | ||
Transportation 2.7% | ||||
SkyWest, Inc. | 132,739 | 0.2 | 8,667,857 | |
Other Securities | 2.5 | 87,698,445 | ||
2.7 | 96,366,302 | |||
Security | Number of Shares | % of Net Assets | Value ($) | |
Utilities 2.8% | ||||
Other Securities | 2.8 | 101,135,867 | ||
Total Common Stock | ||||
(Cost $3,014,529,741) | 3,586,797,400 | |||
Rights 0.0% of net assets | ||||
Materials 0.0% | ||||
Other Securities | 0.0 | 135,876 | ||
Total Rights | ||||
(Cost $129,762) | 135,876 | |||
Other Investment Companies 1.4% of net assets | ||||
Money Market Fund 0.0% | ||||
Other Securities | 0.0 | 1,649,172 | ||
Securities Lending Collateral 1.4% | ||||
Wells Fargo Government Money Market Fund, Select Class 1.87% (c) | 1.4 | 49,305,611 | ||
Total Other Investment Companies | ||||
(Cost $50,954,783) | 50,954,783 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Appreciation ($) | ||||
Futures Contracts | ||||||
Long | ||||||
Russell 2000 Index, e-mini, expires 09/21/18 | 68 | 5,918,040 | 47,490 |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $47,536,224. |
(b) | Fair-valued by management using significant unobservable inputs in accordance with procedures approved by the fund’s Board of Trustees. |
(c) | The rate shown is the 7-day yield. |
CVR — | Contingent Value Rights |
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 | |
Assets | |||||
Common Stock1 | $3,586,797,400 | $— | $— | $3,586,797,400 | |
Rights 1 | |||||
Materials | — | — | 135,876 | 135,876 | |
Other Investment Companies1 | 50,954,783 | — | — | 50,954,783 | |
Futures Contracts2 | 47,490 | — | — | 47,490 | |
Total | $3,637,799,673 | $— | $135,876 | $3,637,935,549 |
1 | As categorized in the complete schedule of Portfolio Holdings. |
2 | Futures contracts are valued at unrealized appreciation or depreciation. |
Assets | ||
Investments in unaffiliated issuers, at value (cost $3,016,308,675) including securities on loan of $47,536,224 | $3,588,582,448 | |
Collateral invested for securities on loan, at value (cost $49,305,611) | 49,305,611 | |
Deposit with broker for futures contracts | 658,350 | |
Receivables: | ||
Investments sold | 38,412 | |
Fund shares sold | 8,327,282 | |
Dividends | 3,521,761 | |
Income from securities on loan | 131,416 | |
Variation margin on futures contracts | + | 12,627 |
Total assets | 3,650,577,907 | |
Liabilities | ||
Collateral held for securities on loan | 49,305,611 | |
Payables: | ||
Investments bought | 8,212,289 | |
Investment adviser fees | + | 814,491 |
Total liabilities | 58,332,391 | |
Net Assets | ||
Total assets | 3,650,577,907 | |
Total liabilities | – | 58,332,391 |
Net assets | $3,592,245,516 | |
Net Assets by Source | ||
Capital received from investors | 2,945,205,482 | |
Net investment income not yet distributed | 15,724,944 | |
Net realized capital gains | 58,993,827 | |
Net unrealized capital appreciation | 572,321,263 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$3,592,245,516 | 86,100,000 | $41.72 | ||
Investment Income | ||
Dividends (net of foreign withholding tax of $9,510) | $30,083,921 | |
Securities on loan, net | + | 939,137 |
Total investment income | 31,023,058 | |
Expenses | ||
Investment adviser fees | 4,079,305 | |
Total expenses | – | 4,079,305 |
Net investment income | 26,943,753 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments | (4,869,081) | |
Net realized gains on in-kind redemptions | 95,196,256 | |
Net realized gains on futures contracts | + | 855,187 |
Net realized gains | 91,182,362 | |
Net change in unrealized appreciation (depreciation) on investments | 283,333,388 | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | 89,244 |
Net change in unrealized appreciation (depreciation) | + | 283,422,632 |
Net realized and unrealized gains | 374,604,994 | |
Increase in net assets resulting from operations | $401,548,747 |
Operations | ||||
3/1/18-8/31/18 | 3/1/17-2/28/18 | |||
Net investment income | $26,943,753 | $31,262,900 | ||
Net realized gains | 91,182,362 | 27,384,858 | ||
Net change in unrealized appreciation (depreciation) | + | 283,422,632 | 94,317,765 | |
Increase in net assets resulting from operations | 401,548,747 | 152,965,523 | ||
Distributions to Shareholders | ||||
Distributions from net investment income | ($14,272,840) | ($29,321,545) |
Transactions in Fund Shares | ||||||||
3/1/18-8/31/18 | 3/1/17-2/28/18 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 18,150,000 | $722,280,436 | 36,250,000 | $1,293,750,257 | ||||
Shares redeemed | + | (7,450,000) | (299,312,433) | (5,800,001) | (203,794,918) | |||
Net transactions in fund shares | 10,700,000 | $422,968,003 | 30,449,999 | $1,089,955,339 | ||||
Shares Outstanding and Net Assets | ||||||||
3/1/18-8/31/18 | 3/1/17-2/28/18 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 75,400,000 | $2,782,001,606 | 44,950,001 | $1,568,402,289 | ||||
Total increase | + | 10,700,000 | 810,243,910 | 30,449,999 | 1,213,599,317 | |||
End of period | 86,100,000 | $3,592,245,516 | 75,400,000 | $2,782,001,606 | ||||
Net investment income not yet distributed | $15,724,944 | $3,054,031 |
3/1/18– 8/31/18* | 3/1/17– 2/28/18 | 3/1/16– 2/28/17 | 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 | $30.28 | $26.00 | $22.08 | $27.17 | $28.26 | $25.00 |
Income (loss) from investment operations: | ||||||
Net investment income (loss) | 0.62 2 | 0.80 2 | 0.74 2 | 0.70 2 | 0.30 | 0.36 |
Net realized and unrealized gains (losses) | (1.38) | 4.19 | 3.79 | (5.30) | (0.92) 3 | 3.04 |
Total from investment operations | (0.76) | 4.99 | 4.53 | (4.60) | (0.62) | 3.40 |
Less distributions: | ||||||
Distributions from net investment income | — | (0.71) | (0.61) | (0.49) | (0.47) | (0.14) |
Net asset value at end of period | $29.52 | $30.28 | $26.00 | $22.08 | $27.17 | $28.26 |
Total return | (2.51%) 4 | 19.19% | 20.62% | (17.02%) | (2.11%) | 13.60% 4 |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.25% 5 | 0.25% | 0.32% | 0.32% | 0.32% | 0.32% 5 |
Net investment income (loss) | 4.04% 5 | 2.76% | 2.98% | 2.80% | 2.50% | 4.00% 5 |
Portfolio turnover rate6 | 5% 4 | 10% | 11% | 12% | 11% | 8% 4 |
Net assets, end of period (x 1,000) | $3,990,754 | $3,630,569 | $1,928,861 | $885,348 | $290,670 | $62,164 |
* | Unaudited. |
Security | Number of Shares | % of Net Assets | Value ($) | |
Common Stock 98.8% of net assets | ||||
Australia 6.3% | ||||
Australia & New Zealand Banking Group Ltd. | 838,733 | 0.5 | 17,893,870 | |
BHP Billiton Ltd. | 1,281,990 | 0.8 | 30,790,167 | |
Commonwealth Bank of Australia | 412,763 | 0.5 | 21,265,872 | |
National Australia Bank Ltd. | 762,471 | 0.4 | 15,643,762 | |
Wesfarmers Ltd. | 618,753 | 0.6 | 23,022,964 | |
Westpac Banking Corp. | 938,521 | 0.5 | 19,371,199 | |
Other Securities | 3.0 | 122,853,268 | ||
6.3 | 250,841,102 | |||
Austria 0.3% | ||||
Other Securities | 0.3 | 11,538,940 | ||
Belgium 0.8% | ||||
Other Securities | 0.8 | 33,100,047 | ||
Canada 7.1% | ||||
Royal Bank of Canada | 252,432 | 0.5 | 20,067,565 | |
Suncor Energy, Inc. | 563,351 | 0.6 | 23,208,877 | |
The Toronto-Dominion Bank | 280,886 | 0.4 | 16,942,125 | |
Other Securities | 5.6 | 224,434,734 | ||
7.1 | 284,653,301 | |||
Denmark 0.9% | ||||
Other Securities | 0.9 | 35,163,558 | ||
Finland 1.0% | ||||
Other Securities | 1.0 | 40,100,422 | ||
France 9.5% | ||||
BNP Paribas S.A. | 263,161 | 0.4 | 15,486,975 | |
Engie S.A. | 1,191,972 | 0.4 | 17,516,029 | |
Orange S.A. | 1,056,361 | 0.4 | 17,145,605 | |
Sanofi | 316,489 | 0.7 | 27,135,225 | |
Total S.A. | 1,168,249 | 1.8 | 73,223,189 | |
Other Securities | 5.8 | 226,512,788 | ||
9.5 | 377,019,811 | |||
Germany 8.3% | ||||
Allianz SE | 104,605 | 0.6 | 22,350,435 | |
BASF SE | 320,189 | 0.7 | 29,687,695 | |
Bayer AG | 167,762 | 0.4 | 15,689,454 |
Security | Number of Shares | % of Net Assets | Value ($) | |
Bayerische Motoren Werke AG | 181,989 | 0.4 | 17,661,578 | |
Daimler AG | 428,685 | 0.7 | 27,781,758 | |
Deutsche Telekom AG * | 1,378,778 | 0.6 | 22,314,529 | |
E.ON SE | 1,483,160 | 0.4 | 15,841,523 | |
Siemens AG | 202,830 | 0.7 | 26,426,454 | |
Other Securities | 3.8 | 154,608,106 | ||
8.3 | 332,361,532 | |||
Hong Kong 1.6% | ||||
Other Securities | 1.6 | 63,615,565 | ||
Ireland 0.8% | ||||
Other Securities | 0.8 | 31,641,625 | ||
Israel 0.5% | ||||
Other Securities | 0.5 | 20,927,959 | ||
Italy 2.9% | ||||
Enel S.p.A. | 3,718,999 | 0.5 | 18,433,250 | |
Eni S.p.A. | 1,981,104 | 0.9 | 36,834,120 | |
Other Securities | 1.5 | 58,746,991 | ||
2.9 | 114,014,361 | |||
Japan 23.7% | ||||
Hitachi Ltd. | 2,353,645 | 0.4 | 15,399,463 | |
Honda Motor Co., Ltd. | 815,075 | 0.6 | 24,198,286 | |
Mitsubishi UFJ Financial Group, Inc. | 3,312,453 | 0.5 | 20,038,720 | |
Nippon Telegraph & Telephone Corp. | 351,228 | 0.4 | 15,679,114 | |
SoftBank Group Corp. | 194,851 | 0.5 | 18,099,520 | |
Toyota Motor Corp. | 832,920 | 1.3 | 52,055,153 | |
Other Securities | 20.0 | 800,289,064 | ||
23.7 | 945,759,320 | |||
Luxembourg 0.4% | ||||
Other Securities | 0.4 | 17,539,983 | ||
Netherlands 5.2% | ||||
Royal Dutch Shell plc, A Shares | 1,465,947 | 1.2 | 47,740,550 | |
Royal Dutch Shell plc, B Shares | 1,949,651 | 1.6 | 64,377,743 | |
Other Securities | 2.4 | 95,985,000 | ||
5.2 | 208,103,293 | |||
Security | Number of Shares | % of Net Assets | Value ($) | |
New Zealand 0.1% | ||||
Other Securities | 0.1 | 5,041,694 | ||
Norway 1.0% | ||||
Equinor A.S.A. | 733,428 | 0.5 | 18,864,764 | |
Other Securities | 0.5 | 19,105,220 | ||
1.0 | 37,969,984 | |||
Portugal 0.2% | ||||
Other Securities | 0.2 | 9,536,287 | ||
Singapore 0.8% | ||||
Other Securities | 0.8 | 32,476,698 | ||
Spain 3.3% | ||||
Banco Santander S.A. | 6,592,542 | 0.8 | 32,890,761 | |
Repsol S.A. | 798,030 | 0.4 | 15,380,728 | |
Telefonica S.A. | 2,930,146 | 0.6 | 23,820,246 | |
Other Securities | 1.5 | 57,240,015 | ||
3.3 | 129,331,750 | |||
Sweden 2.5% | ||||
Other Securities | 2.5 | 99,172,353 | ||
Switzerland 6.4% | ||||
Glencore plc * | 5,549,192 | 0.6 | 22,614,981 | |
Nestle S.A. | 577,749 | 1.2 | 48,616,703 | |
Novartis AG | 430,870 | 0.9 | 35,811,530 | |
Roche Holding AG | 126,711 | 0.8 | 31,550,004 | |
Other Securities | 2.9 | 117,669,070 | ||
6.4 | 256,262,288 | |||
United Kingdom 15.2% | ||||
AstraZeneca plc | 328,927 | 0.6 | 24,774,941 | |
BHP Billiton plc | 853,398 | 0.5 | 18,233,090 | |
BP plc | 12,738,733 | 2.3 | 90,617,349 | |
British American Tobacco plc | 410,080 | 0.5 | 19,835,643 | |
GlaxoSmithKline plc | 1,438,337 | 0.7 | 29,171,332 | |
HSBC Holdings plc | 4,700,669 | 1.0 | 40,867,732 | |
Rio Tinto plc | 362,936 | 0.4 | 17,260,451 | |
Vodafone Group plc | 11,403,478 | 0.6 | 24,381,639 | |
Other Securities | 8.6 | 341,067,499 | ||
15.2 | 606,209,676 | |||
Total Common Stock | ||||
(Cost $3,640,062,990) | 3,942,381,549 |
Security | Number of Shares | % of Net Assets | Value ($) | |
Preferred Stock 0.6% of net assets | ||||
Germany 0.6% | ||||
Volkswagen AG | 106,457 | 0.5 | 17,444,820 | |
Other Securities | 0.1 | 5,760,790 | ||
0.6 | 23,205,610 | |||
Spain 0.0% | ||||
Other Securities | 0.0 | 564,835 | ||
Total Preferred Stock | ||||
(Cost $22,213,119) | 23,770,445 | |||
Other Investment Companies 0.6% of net assets | ||||
United States 0.6% | ||||
Money Market Fund 0.2% | ||||
Other Securities | 0.2 | 8,241,889 | ||
Securities Lending Collateral 0.4% | ||||
Wells Fargo Government Money Market Fund, Select Class 1.87% (c) | 0.4 | 16,735,335 | ||
Total Other Investment Companies | ||||
(Cost $24,977,224) | 24,977,224 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
Long | ||||||
MSCI EAFE Index, e-mini, expires 09/21/18 | 214 | 20,959,160 | (49,845) |
* | Non-income producing security. |
(a) | Fair-valued by management using significant unobservable inputs in accordance with procedures approved by the fund’s Board of Trustees. |
(b) | All or a portion of this security is on loan. Securities on loan were valued at $15,379,924. |
(c) | The rate shown is the 7-day yield. |
ADR — | American Depositary Receipt |
CVA — | Dutch Certificate |
GDR — | Global Depositary Receipt |
REIT — | Real Estate Investment Trust |
RSP — | Risparmio (Convertible Savings Shares) |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Common Stock1 | $3,691,540,447 | $— | $— | $3,691,540,447 | |
Australia | 249,442,329 | — | 1,398,773 | 250,841,102 | |
Preferred Stock1 | 23,770,445 | — | — | 23,770,445 | |
Other Investment Companies1 | 24,977,224 | — | — | 24,977,224 | |
Liabilities | |||||
Futures Contracts2 | (49,845) | — | — | (49,845) | |
Total | $3,989,680,600 | $— | $1,398,773 | $3,991,079,373 |
1 | As categorized in the complete schedule of Portfolio Holdings. |
2 | Futures contracts are valued at unrealized appreciation or depreciation. |
Assets | ||
Investments in unaffiliated issuers, at value (cost $3,670,517,998) including securities on loan of $15,379,924 | $3,974,393,883 | |
Collateral invested for securities on loan, at value (cost $16,735,335) | 16,735,335 | |
Deposit with broker for futures contracts | 963,000 | |
Foreign currency, at value (cost $740,502) | 738,792 | |
Receivables: | ||
Dividends | 11,832,637 | |
Foreign tax reclaims | 3,965,340 | |
Income from securities on loan | + | 38,408 |
Total assets | 4,008,667,395 | |
Liabilities | ||
Collateral held for securities on loan | 16,735,335 | |
Payables: | ||
Investments bought | 98,506 | |
Investment adviser fees | 928,554 | |
Variation margin on futures contracts | 150,870 | |
Due to custodian | + | 577 |
Total liabilities | 17,913,842 | |
Net Assets | ||
Total assets | 4,008,667,395 | |
Total liabilities | – | 17,913,842 |
Net assets | $3,990,753,553 | |
Net Assets by Source | ||
Capital received from investors | 3,666,188,300 | |
Net investment income not yet distributed | 84,848,115 | |
Net realized capital losses | (64,126,284) | |
Net unrealized capital appreciation | 303,843,422 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$3,990,753,553 | 135,200,000 | $29.52 | ||
Investment Income | ||
Dividends (net of foreign withholding tax of $8,421,387) | $84,035,613 | |
Securities on loan, net | + | 614,360 |
Total investment income | 84,649,973 | |
Expenses | ||
Investment adviser fees | 4,930,427 | |
Total expenses | – | 4,930,427 |
Net investment income | 79,719,546 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments (net of foreign capital gains tax of $81) | (10,912,267) | |
Net realized gains on in-kind redemptions | 6,771,741 | |
Net realized losses on futures contracts | (1,093,905) | |
Net realized losses on foreign currency transactions | + | (802,686) |
Net realized losses | (6,037,117) | |
Net change in unrealized appreciation (depreciation) on investments | (173,380,134) | |
Net change in unrealized appreciation (depreciation) on futures contracts | 252,598 | |
Net change in unrealized appreciation (depreciation) on foreign currency translations | + | (102,180) |
Net change in unrealized appreciation (depreciation) | + | (173,229,716) |
Net realized and unrealized losses | (179,266,833) | |
Decrease in net assets resulting from operations | ($99,547,287) |
Operations | ||||
3/1/18-8/31/18 | 3/1/17-2/28/18 | |||
Net investment income | $79,719,546 | $78,866,280 | ||
Net realized losses | (6,037,117) | (15,919,242) | ||
Net change in unrealized appreciation (depreciation) | + | (173,229,716) | 398,279,028 | |
Increase (decrease) in net assets resulting from operations | (99,547,287) | 461,226,066 | ||
Distributions to Shareholders | ||||
Distributions from net investment income | $— | ($78,147,240) |
Transactions in Fund Shares | ||||||||
3/1/18-8/31/18 | 3/1/17-2/28/18 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 16,300,000 | $489,565,585 | 46,500,000 | $1,341,365,449 | ||||
Shares redeemed | + | (1,000,000) | (29,833,780) | (800,001) | (22,736,357) | |||
Net transactions in fund shares | 15,300,000 | $459,731,805 | 45,699,999 | $1,318,629,092 | ||||
Shares Outstanding and Net Assets | ||||||||
3/1/18-8/31/18 | 3/1/17-2/28/18 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 119,900,000 | $3,630,569,035 | 74,200,001 | $1,928,861,117 | ||||
Total increase | + | 15,300,000 | 360,184,518 | 45,699,999 | 1,701,707,918 | |||
End of period | 135,200,000 | $3,990,753,553 | 119,900,000 | $3,630,569,035 | ||||
Net investment income not yet distributed | $84,848,115 | $5,128,569 |
3/1/18– 8/31/18* | 3/1/17– 2/28/18 | 3/1/16– 2/28/17 | 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 | $36.02 | $29.99 | $24.81 | $27.22 | $27.75 | $25.00 |
Income (loss) from investment operations: | ||||||
Net investment income (loss) | 0.56 2 | 0.62 2 | 0.55 2 | 0.43 2 | 0.41 | 0.15 |
Net realized and unrealized gains (losses) | (2.09) | 6.11 | 5.18 | (2.49) | (0.53) 3 | 2.78 |
Total from investment operations | (1.53) | 6.73 | 5.73 | (2.06) | (0.12) | 2.93 |
Less distributions: | ||||||
Distributions from net investment income | — | (0.70) | (0.55) | (0.35) | (0.41) | (0.18) |
Net asset value at end of period | $34.49 | $36.02 | $29.99 | $24.81 | $27.22 | $27.75 |
Total return | (4.25%) 4 | 22.47% | 23.26% | (7.64%) | (0.32%) | 11.73% 4 |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.39% 5 | 0.39% | 0.46% | 0.46% | 0.46% | 0.46% 5 |
Net investment income (loss) | 3.10% 5 | 1.83% | 1.94% | 1.65% | 1.73% | 1.09% 5 |
Portfolio turnover rate6 | 13% 4 | 18% | 25% | 22% | 21% | 18% 4 |
Net assets, end of period (x 1,000) | $1,965,990 | $1,811,898 | $866,749 | $379,667 | $68,046 | $24,977 |
* | Unaudited. |
Security | Number of Shares | % of Net Assets | Value ($) | |
Common Stock 99.4% of net assets | ||||
Australia 5.6% | ||||
Computershare Ltd. | 232,101 | 0.2 | 3,226,182 | |
Dexus | 395,330 | 0.2 | 3,064,877 | |
Other Securities | 5.2 | 104,541,138 | ||
5.6 | 110,832,197 | |||
Austria 1.0% | ||||
Wienerberger AG | 126,736 | 0.2 | 3,474,094 | |
Other Securities | 0.8 | 15,392,035 | ||
1.0 | 18,866,129 | |||
Belgium 1.1% | ||||
Other Securities | 1.1 | 22,410,523 | ||
Canada 9.6% | ||||
Aimia, Inc. * | 999,394 | 0.2 | 3,150,051 | |
Baytex Energy Corp. * | 1,174,103 | 0.2 | 3,520,643 | |
Emera, Inc. (a) | 365,497 | 0.6 | 11,573,581 | |
Enerplus Corp. | 322,405 | 0.2 | 3,990,657 | |
Precision Drilling Corp. * | 896,935 | 0.2 | 3,508,086 | |
Quebecor, Inc., Class B | 161,060 | 0.2 | 3,246,027 | |
TFI International, Inc. | 105,151 | 0.2 | 3,906,219 | |
Other Securities | 7.8 | 156,405,713 | ||
9.6 | 189,300,977 | |||
Denmark 1.4% | ||||
Rockwool International A/S, B Shares | 8,176 | 0.2 | 3,549,790 | |
Other Securities | 1.2 | 24,667,680 | ||
1.4 | 28,217,470 | |||
Finland 1.5% | ||||
Other Securities | 1.5 | 29,187,963 | ||
France 4.1% | ||||
Dassault Systemes S.A. | 24,750 | 0.2 | 4,020,008 | |
Edenred | 95,029 | 0.2 | 3,629,888 | |
Elis S.A. | 142,054 | 0.2 | 3,297,331 | |
Vallourec S.A. *(a) | 854,967 | 0.2 | 4,904,136 | |
Other Securities | 3.3 | 64,489,828 | ||
4.1 | 80,341,191 | |||
Security | Number of Shares | % of Net Assets | Value ($) | |
Germany 3.2% | ||||
CECONOMY AG | 410,230 | 0.2 | 3,125,376 | |
Deutsche Wohnen SE | 65,929 | 0.2 | 3,339,882 | |
HOCHTIEF AG | 19,672 | 0.2 | 3,199,793 | |
Other Securities | 2.6 | 52,332,883 | ||
3.2 | 61,997,934 | |||
Hong Kong 4.4% | ||||
Sino Land Co., Ltd. | 1,761,856 | 0.2 | 2,985,474 | |
Tingyi Cayman Islands Holding Corp. | 1,767,044 | 0.2 | 3,156,360 | |
Other Securities | 4.0 | 79,774,112 | ||
4.4 | 85,915,946 | |||
Ireland 0.8% | ||||
Other Securities | 0.8 | 15,904,424 | ||
Israel 0.9% | ||||
Israel Discount Bank Ltd., A Shares | 930,551 | 0.2 | 3,257,471 | |
The Israel Corp., Ltd. | 11,595 | 0.2 | 3,495,187 | |
Other Securities | 0.5 | 10,467,683 | ||
0.9 | 17,220,341 | |||
Italy 2.7% | ||||
Mediaset S.p.A. *(a) | 1,105,088 | 0.2 | 3,299,284 | |
Other Securities | 2.5 | 50,796,196 | ||
2.7 | 54,095,480 | |||
Japan 35.7% | ||||
Arcs Co., Ltd. | 127,074 | 0.2 | 3,123,991 | |
Fukuoka Financial Group, Inc. | 548,347 | 0.2 | 3,080,851 | |
Kanematsu Corp. | 209,827 | 0.2 | 3,120,393 | |
Kyowa Exeo Corp. | 110,111 | 0.2 | 3,088,292 | |
Marui Group Co., Ltd. | 150,001 | 0.2 | 3,321,030 | |
Nippon Building Fund, Inc. | 519 | 0.2 | 3,028,300 | |
Nippon Sheet Glass Co., Ltd. | 302,654 | 0.2 | 3,201,634 | |
Nomura Research Institute Ltd. | 66,551 | 0.2 | 3,318,997 | |
Sankyu, Inc. | 59,310 | 0.2 | 3,155,783 | |
SBI Holdings, Inc. | 107,981 | 0.2 | 2,984,730 | |
Shikoku Electric Power Co., Inc. | 247,578 | 0.2 | 3,297,765 | |
Sysmex Corp. | 38,228 | 0.2 | 3,323,424 | |
Taisho Pharmaceutical Holdings Co., Ltd. | 32,986 | 0.2 | 3,581,652 |
Security | Number of Shares | % of Net Assets | Value ($) | |
Taiyo Yuden Co., Ltd. | 127,919 | 0.2 | 3,778,101 | |
Other Securities | 32.9 | 657,430,201 | ||
35.7 | 702,835,144 | |||
Luxembourg 0.5% | ||||
Other Securities | 0.5 | 10,344,516 | ||
Netherlands 1.9% | ||||
Other Securities | 1.9 | 36,647,773 | ||
New Zealand 1.1% | ||||
Other Securities | 1.1 | 22,527,891 | ||
Norway 1.9% | ||||
Petroleum Geo-Services A.S.A. * | 1,095,362 | 0.2 | 4,268,699 | |
TGS Nopec Geophysical Co. A.S.A. | 109,717 | 0.2 | 4,178,658 | |
Other Securities | 1.5 | 28,232,795 | ||
1.9 | 36,680,152 | |||
Portugal 0.5% | ||||
Other Securities | 0.5 | 8,882,157 | ||
Singapore 1.7% | ||||
Other Securities | 1.7 | 34,017,398 | ||
Spain 1.5% | ||||
Other Securities | 1.5 | 28,711,446 | ||
Sweden 2.8% | ||||
Other Securities | 2.8 | 55,088,915 | ||
Switzerland 3.2% | ||||
Sonova Holding AG | 19,502 | 0.2 | 3,708,425 | |
Other Securities | 3.0 | 59,838,724 | ||
3.2 | 63,547,149 | |||
United Kingdom 12.3% | ||||
Cobham plc * | 2,143,667 | 0.2 | 3,466,070 | |
IG Group Holdings plc | 284,856 | 0.2 | 3,346,983 | |
Janus Henderson Group plc | 110,232 | 0.2 | 3,114,054 | |
Man Group plc | 1,437,893 | 0.2 | 3,210,772 | |
Melrose Industries plc | 3,179,759 | 0.5 | 9,212,212 | |
NEX Group plc | 247,717 | 0.2 | 3,387,125 | |
Premier Oil plc * | 2,792,749 | 0.2 | 4,501,044 | |
Spirax-Sarco Engineering plc | 32,825 | 0.2 | 3,041,963 | |
Tullow Oil plc * | 1,064,328 | 0.2 | 3,221,845 | |
Other Securities | 10.2 | 204,710,725 | ||
12.3 | 241,212,793 | |||
Total Common Stock | ||||
(Cost $1,797,573,293) | 1,954,785,909 |
Security | Number of Shares | % of Net Assets | Value ($) | |
Preferred Stock 0.2% of net assets | ||||
Germany 0.2% | ||||
Other Securities | 0.2 | 3,912,391 | ||
Sweden 0.0% | ||||
Other Securities | 0.0 | 384,469 | ||
Total Preferred Stock | ||||
(Cost $4,030,901) | 4,296,860 | |||
Other Investment Companies 3.9% of net assets | ||||
United States 3.9% | ||||
Money Market Fund 0.1% | ||||
Other Securities | 0.1 | 1,903,272 | ||
Securities Lending Collateral 3.8% | ||||
Wells Fargo Government Money Market Fund, Select Class 1.87% (c) | 3.8 | 74,455,780 | ||
Total Other Investment Companies | ||||
(Cost $76,359,052) | 76,359,052 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
Long | ||||||
MSCI EAFE Index, e-mini, expires 09/21/18 | 63 | 6,170,220 | (4,319) |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $67,909,705. |
(b) | Fair-valued by management using significant unobservable inputs in accordance with procedures approved by the fund’s Board of Trustees. |
(c) | The rate shown is the 7-day yield. |
ADR — | American Depositary Receipt |
CVA — | Dutch Certificate |
REIT — | Real Estate Investment Trust |
RSP — | Risparmio (Convertible Savings Shares) |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Common Stock1 | $1,738,811,093 | $— | $— | $1,738,811,093 | |
Australia | 110,627,089 | — | 205,108 | 110,832,197 | |
Hong Kong | 85,802,228 | — | 113,718 | 85,915,946 | |
Luxembourg | 10,344,516 | — | — * | 10,344,516 | |
Portugal | 8,882,157 | — | — * | 8,882,157 | |
Preferred Stock1 | 4,296,860 | — | — | 4,296,860 | |
Other Investment Companies1 | 76,359,052 | — | — | 76,359,052 | |
Liabilities | |||||
Futures Contracts2 | (4,319) | — | — | (4,319) | |
Total | $2,035,118,676 | $— | $318,826 | $2,035,437,502 |
* | Level 3 amount shown includes securities determined to have no value at August 31, 2018. |
1 | As categorized in the complete schedule of Portfolio Holdings. |
2 | Futures contracts are valued at unrealized appreciation or depreciation. |
Assets | ||
Investments in unaffiliated issuers, at value (cost $1,803,507,466) including securities on loan of $67,909,705 | $1,960,986,041 | |
Collateral invested for securities on loan, at value (cost $74,455,780) | 74,455,780 | |
Deposit with broker for futures contracts | 364,500 | |
Foreign currency, at value (cost $1,348,219) | 1,346,956 | |
Receivables: | ||
Dividends | 3,039,314 | |
Foreign tax reclaims | 766,108 | |
Income from securities on loan | + | 230,432 |
Total assets | 2,041,189,131 | |
Liabilities | ||
Collateral held for securities on loan | 74,455,780 | |
Payables: | ||
Investment adviser fees | 703,943 | |
Variation margin on futures contracts | + | 39,815 |
Total liabilities | 75,199,538 | |
Net Assets | ||
Total assets | 2,041,189,131 | |
Total liabilities | – | 75,199,538 |
Net assets | $1,965,989,593 | |
Net Assets by Source | ||
Capital received from investors | 1,782,971,731 | |
Net investment income not yet distributed | 22,350,150 | |
Net realized capital gains | 3,186,697 | |
Net unrealized capital appreciation | 157,481,015 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$1,965,989,593 | 57,000,000 | $34.49 | ||
Investment Income | ||
Dividends (net of foreign withholding tax of $3,297,601) | $29,906,281 | |
Income from non-cash dividends | 3,157,497 | |
Securities on loan, net | + | 1,191,341 |
Total investment income | 34,255,119 | |
Expenses | ||
Investment adviser fees | 3,832,918 | |
Total expenses | – | 3,832,918 |
Net investment income | 30,422,201 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments | (9,576,545) | |
Net realized gains on in-kind redemptions | 31,789,136 | |
Net realized losses on futures contracts | (584,439) | |
Net realized losses on foreign currency transactions | + | (474,411) |
Net realized gains | 21,153,741 | |
Net change in unrealized appreciation (depreciation) on investments | (135,706,209) | |
Net change in unrealized appreciation (depreciation) on futures contracts | 246,214 | |
Net change in unrealized appreciation (depreciation) on foreign currency translations | + | (54,201) |
Net change in unrealized appreciation (depreciation) | + | (135,514,196) |
Net realized and unrealized losses | (114,360,455) | |
Decrease in net assets resulting from operations | ($83,938,254) |
Operations | ||||
3/1/18-8/31/18 | 3/1/17-2/28/18 | |||
Net investment income | $30,422,201 | $24,963,590 | ||
Net realized gains | 21,153,741 | 13,517,810 | ||
Net change in unrealized appreciation (depreciation) | + | (135,514,196) | 218,486,523 | |
Increase (decrease) in net assets resulting from operations | (83,938,254) | 256,967,923 | ||
Distributions to Shareholders | ||||
Distributions from net investment income | $— | ($31,960,170) |
Transactions in Fund Shares | ||||||||
3/1/18-8/31/18 | 3/1/17-2/28/18 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 9,900,000 | $351,189,262 | 23,900,000 | $801,658,390 | ||||
Shares redeemed | + | (3,200,000) | (113,159,640) | (2,500,001) | (81,516,821) | |||
Net transactions in fund shares | 6,700,000 | $238,029,622 | 21,399,999 | $720,141,569 | ||||
Shares Outstanding and Net Assets | ||||||||
3/1/18-8/31/18 | 3/1/17-2/28/18 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 50,300,000 | $1,811,898,225 | 28,900,001 | $866,748,903 | ||||
Total increase | + | 6,700,000 | 154,091,368 | 21,399,999 | 945,149,322 | |||
End of period | 57,000,000 | $1,965,989,593 | 50,300,000 | $1,811,898,225 | ||||
Net investment income not yet distributed/Distributions in excess of net investment income | $22,350,150 | ($8,072,051) |
3/1/18– 8/31/18* | 3/1/17– 2/28/18 | 3/1/16– 2/28/17 | 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 | $31.22 | $26.06 | $17.78 | $24.16 | $24.98 | $25.00 |
Income (loss) from investment operations: | ||||||
Net investment income (loss) | 0.64 2 | 0.71 2 | 0.49 2 | 0.57 2 | 0.37 | 0.12 |
Net realized and unrealized gains (losses) | (3.66) | 5.06 | 8.18 | (6.58) | (0.87) | (0.00) 3 |
Total from investment operations | (3.02) | 5.77 | 8.67 | (6.01) | (0.50) | 0.12 |
Less distributions: | ||||||
Distributions from net investment income | — | (0.61) | (0.39) | (0.37) | (0.32) | (0.14) |
Net asset value at end of period | $28.20 | $31.22 | $26.06 | $17.78 | $24.16 | $24.98 |
Total return | (9.67%) 4 | 22.32% | 49.03% | (24.92%) | (1.98%) | 0.45% 4 |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.39% 5 | 0.39% | 0.46% | 0.46% | 0.46% | 0.46% 5 |
Net investment income (loss) | 4.24% 5 | 2.48% | 2.14% | 2.80% | 2.20% | 1.01% 5 |
Portfolio turnover rate6 | 8% 4 | 14% | 14% | 20% | 13% | 6% 4 |
Net assets, end of period (x 1,000) | $2,177,244 | $2,200,763 | $1,011,273 | $359,092 | $96,642 | $22,482 |
* | Unaudited. |
Security | Number of Shares | % of Net Assets | Value ($) | |
Common Stock 93.2% of net assets | ||||
Brazil 5.1% | ||||
Ambev S.A. | 2,092,740 | 0.4 | 9,574,561 | |
Banco do Brasil S.A. | 1,273,061 | 0.4 | 9,300,535 | |
Petroleo Brasileiro S.A. | 3,537,510 | 0.9 | 18,957,846 | |
Vale S.A. | 3,074,889 | 1.8 | 40,017,366 | |
Other Securities | 1.6 | 32,281,406 | ||
5.1 | 110,131,714 | |||
Chile 0.6% | ||||
Other Securities | 0.6 | 13,529,409 | ||
China 20.6% | ||||
Agricultural Bank of China Ltd., H Shares | 19,966,847 | 0.4 | 9,666,835 | |
Bank of China Ltd., H Shares | 63,699,232 | 1.3 | 28,648,382 | |
China Construction Bank Corp., H Shares | 68,944,986 | 2.8 | 61,049,020 | |
China Mobile Ltd. | 4,587,809 | 2.0 | 43,137,294 | |
China Petroleum & Chemical Corp., H Shares | 51,382,581 | 2.4 | 51,651,641 | |
China Telecom Corp., Ltd., H Shares | 18,690,606 | 0.4 | 8,787,007 | |
CNOOC Ltd. | 17,674,092 | 1.4 | 31,254,876 | |
Industrial & Commercial Bank of China Ltd., H Shares | 50,081,619 | 1.7 | 36,880,551 | |
PetroChina Co., Ltd., H Shares | 28,346,516 | 1.0 | 21,091,319 | |
Other Securities | 7.2 | 155,741,777 | ||
20.6 | 447,908,702 | |||
Colombia 0.6% | ||||
Ecopetrol S.A. | 9,193,201 | 0.4 | 10,292,396 | |
Other Securities | 0.2 | 3,203,865 | ||
0.6 | 13,496,261 | |||
Czech Republic 0.2% | ||||
Other Securities | 0.2 | 5,181,310 | ||
Greece 0.5% | ||||
Other Securities | 0.5 | 11,392,040 | ||
Hungary 0.4% | ||||
Other Securities | 0.4 | 9,060,572 | ||
Security | Number of Shares | % of Net Assets | Value ($) | |
India 5.0% | ||||
Infosys Ltd. | 716,315 | 0.7 | 14,554,295 | |
Reliance Industries Ltd. GDR | 631,579 | 1.0 | 21,852,633 | |
Other Securities | 3.3 | 71,938,508 | ||
5.0 | 108,345,436 | |||
Indonesia 1.3% | ||||
Other Securities | 1.3 | 27,510,892 | ||
Malaysia 1.7% | ||||
Other Securities | 1.7 | 37,616,592 | ||
Mexico 4.0% | ||||
America Movil S.A.B. de C.V., Series L | 40,219,631 | 1.6 | 33,760,889 | |
Fomento Economico Mexicano S.A.B. de C.V. | 1,139,305 | 0.5 | 10,886,871 | |
Other Securities | 1.9 | 42,293,297 | ||
4.0 | 86,941,057 | |||
Peru 0.2% | ||||
Other Securities | 0.2 | 3,389,121 | ||
Philippines 0.1% | ||||
Other Securities | 0.1 | 2,981,085 | ||
Poland 1.7% | ||||
Polski Koncern Naftowy Orlen S.A. | 351,071 | 0.4 | 9,370,923 | |
Other Securities | 1.3 | 27,046,319 | ||
1.7 | 36,417,242 | |||
Republic of Korea 18.5% | ||||
Hyundai Mobis Co., Ltd. | 69,903 | 0.6 | 14,066,633 | |
Hyundai Motor Co. | 172,659 | 0.9 | 19,388,560 | |
Kia Motors Corp. | 546,943 | 0.7 | 15,747,674 | |
Korea Electric Power Corp. | 437,421 | 0.6 | 11,985,214 | |
LG Chem Ltd. | 30,839 | 0.5 | 10,139,760 | |
LG Display Co., Ltd. | 462,164 | 0.4 | 8,822,697 | |
LG Electronics, Inc. | 142,342 | 0.5 | 9,820,658 | |
POSCO | 91,234 | 1.2 | 26,760,006 | |
Samsung Electronics Co., Ltd. | 2,856,188 | 5.7 | 124,315,958 | |
Shinhan Financial Group Co., Ltd. | 272,419 | 0.5 | 10,670,142 | |
SK Hynix, Inc. | 212,742 | 0.7 | 15,862,719 |
Security | Number of Shares | % of Net Assets | Value ($) | |
SK Innovation Co., Ltd. | 93,870 | 0.8 | 16,275,354 | |
Other Securities | 5.4 | 119,279,939 | ||
18.5 | 403,135,314 | |||
Russia 12.0% | ||||
Gazprom PJSC | 39,636,717 | 4.1 | 88,243,421 | |
LUKOIL PJSC | 938,031 | 3.0 | 65,463,537 | |
NOVATEK PJSC | 798,343 | 0.6 | 12,836,783 | |
Rosneft Oil Co. PJSC | 1,769,871 | 0.5 | 11,448,996 | |
Sberbank of Russia PJSC | 5,708,660 | 0.7 | 15,425,661 | |
Surgutneftegas PJSC | 46,081,526 | 0.9 | 19,663,079 | |
Tatneft PJSC | 1,308,632 | 0.7 | 15,215,036 | |
Other Securities | 1.5 | 33,694,538 | ||
12.0 | 261,991,051 | |||
South Africa 4.9% | ||||
MTN Group Ltd. | 2,436,032 | 0.7 | 14,796,177 | |
Sasol Ltd. | 698,683 | 1.3 | 27,468,060 | |
Standard Bank Group Ltd. | 704,610 | 0.4 | 8,961,490 | |
Other Securities | 2.5 | 56,392,083 | ||
4.9 | 107,617,810 | |||
Taiwan 12.6% | ||||
Hon Hai Precision Industry Co., Ltd. | 16,315,911 | 2.0 | 42,761,870 | |
Innolux Corp. | 23,832,000 | 0.4 | 8,884,141 | |
Taiwan Semiconductor Manufacturing Co., Ltd. | 5,992,352 | 2.3 | 49,944,396 | |
Other Securities | 7.9 | 173,592,476 | ||
12.6 | 275,182,883 | |||
Thailand 2.4% | ||||
PTT PCL NVDR | 9,292,900 | 0.7 | 14,906,118 | |
Other Securities | 1.7 | 36,702,440 | ||
2.4 | 51,608,558 | |||
Turkey 0.7% | ||||
Other Securities | 0.7 | 14,144,442 | ||
United Arab Emirates 0.1% | ||||
Other Securities | 0.1 | 2,653,990 | ||
Total Common Stock | ||||
(Cost $1,878,910,234) | 2,030,235,481 | |||
Preferred Stock 6.5% of net assets | ||||
Brazil 4.1% | ||||
Banco Bradesco S.A. | 2,005,882 | 0.6 | 13,816,881 | |
Itau Unibanco Holding S.A. | 2,090,132 | 1.0 | 21,443,625 |
Security | Number of Shares | % of Net Assets | Value ($) | |
Petroleo Brasileiro S.A. | 4,647,185 | 1.0 | 21,723,935 | |
Other Securities | 1.5 | 32,104,669 | ||
4.1 | 89,089,110 | |||
Colombia 0.1% | ||||
Other Securities | 0.1 | 2,958,287 | ||
Republic of Korea 1.0% | ||||
Samsung Electronics Co., Ltd. | 409,661 | 0.7 | 14,610,378 | |
Other Securities | 0.3 | 6,574,146 | ||
1.0 | 21,184,524 | |||
Russia 1.3% | ||||
Transneft PJSC | 8,860 | 0.9 | 18,745,059 | |
Other Securities | 0.4 | 8,613,776 | ||
1.3 | 27,358,835 | |||
Total Preferred Stock | ||||
(Cost $130,883,330) | 140,590,756 | |||
Other Investment Company 0.1% of net assets | ||||
United States 0.1% | ||||
Money Market Fund 0.1% | ||||
Other Securities | 0.1 | 1,625,547 | ||
Total Other Investment Company | ||||
(Cost $1,625,547) | 1,625,547 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Depreciation ($) | ||
Futures Contracts | ||||
Long | ||||
MSCI Emerging Markets Index, e-mini, expires 09/21/18 | 111 | 5,854,695 | (27,627) |
* | Non-income producing security. |
(a) | Fair-valued by management using significant unobservable inputs in accordance with procedures approved by the fund’s Board of Trustees. |
(b) | The rate shown is the 7-day yield. |
ADR — | American Depositary Receipt |
GDR — | Global Depositary Receipt |
NVDR — | Non-Voting Depositary Receipt |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Common Stock1 | $2,018,843,441 | $— | $— | $2,018,843,441 | |
Greece | 8,322,786 | — | 3,069,254 | 11,392,040 | |
Preferred Stock1 | 140,590,756 | — | — | 140,590,756 | |
Other Investment Company1 | 1,625,547 | — | — | 1,625,547 | |
Liabilities | |||||
Futures Contracts2 | (27,627) | — | — | (27,627) | |
Total | $2,169,354,903 | $— | $3,069,254 | $2,172,424,157 |
1 | As categorized in the complete schedule of Portfolio Holdings. |
2 | Futures contracts are valued at unrealized appreciation or depreciation. |
Assets | ||
Investments in unaffiliated issuers, at value (cost $2,011,419,111) | $2,172,451,784 | |
Cash | 269,513 | |
Deposit with broker for futures contracts | 236,600 | |
Foreign currency, at value (cost $738,430) | 737,554 | |
Receivables: | ||
Investments sold | 1,260,976 | |
Dividends | 4,026,124 | |
Variation margin on futures contracts | 34,542 | |
Income from securities on loan | + | 1,870 |
Total assets | 2,179,018,963 | |
Liabilities | ||
Payables: | ||
Investments bought | 1,920 | |
Investment adviser fees | 789,361 | |
Foreign capital gains tax | + | 983,912 |
Total liabilities | 1,775,193 | |
Net Assets | ||
Total assets | 2,179,018,963 | |
Total liabilities | – | 1,775,193 |
Net assets | $2,177,243,770 | |
Net Assets by Source | ||
Capital received from investors | 2,000,101,279 | |
Net investment income not yet distributed | 50,469,584 | |
Net realized capital losses | (33,154,507) | |
Net unrealized capital appreciation | 159,827,414 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$2,177,243,770 | 77,200,000 | $28.20 | ||
Investment Income | ||
Dividends (net of foreign withholding tax of $7,318,825) | $52,291,822 | |
Securities on loan, net | + | 6,613 |
Total investment income | 52,298,435 | |
Expenses | ||
Investment adviser fees | 4,405,173 | |
Total expenses | – | 4,405,173 |
Net investment income | 47,893,262 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments (net of foreign capital gains tax of $5,723) | (8,843,353) | |
Net realized gains on in-kind redemptions | 713,981 | |
Net realized losses on futures contracts | (929,479) | |
Net realized losses on foreign currency transactions | + | (734,442) |
Net realized losses | (9,793,293) | |
Net change in unrealized appreciation (depreciation) on investments (net of change in foreign capital gains tax of $519,672) | (264,839,360) | |
Net change in unrealized appreciation (depreciation) on futures contracts | 319,034 | |
Net change in unrealized appreciation (depreciation) on foreign currency translations | + | (169,701) |
Net change in unrealized appreciation (depreciation) | + | (264,690,027) |
Net realized and unrealized losses | (274,483,320) | |
Decrease in net assets resulting from operations | ($226,590,058) |
Operations | ||||
3/1/18-8/31/18 | 3/1/17-2/28/18 | |||
Net investment income | $47,893,262 | $37,962,089 | ||
Net realized losses | (9,793,293) | (1,585,828) | ||
Net change in unrealized appreciation (depreciation) | + | (264,690,027) | 279,844,990 | |
Increase (decrease) in net assets resulting from operations | (226,590,058) | 316,221,251 | ||
Distributions to Shareholders | ||||
Distributions from net investment income | $— | ($37,977,310) |
Transactions in Fund Shares | ||||||||
3/1/18-8/31/18 | 3/1/17-2/28/18 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 6,800,000 | $205,857,030 | 31,700,000 | $911,245,219 | ||||
Shares redeemed | + | (100,000) | (2,785,727) | (1) | (26) | |||
Net transactions in fund shares | 6,700,000 | $203,071,303 | 31,699,999 | $911,245,193 | ||||
Shares Outstanding and Net Assets | ||||||||
3/1/18-8/31/18 | 3/1/17-2/28/18 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 70,500,000 | $2,200,762,525 | 38,800,001 | $1,011,273,391 | ||||
Total increase or decrease | + | 6,700,000 | (23,518,755) | 31,699,999 | 1,189,489,134 | |||
End of period | 77,200,000 | $2,177,243,770 | 70,500,000 | $2,200,762,525 | ||||
Net investment income not yet distributed | $50,469,584 | $2,576,322 |
SCHWAB STRATEGIC TRUST (ORGANIZED JANUARY 27, 2009) | |
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 U.S. REIT ETF™ |
Schwab Fundamental International Small Company Index ETF | Schwab International Equity ETF™ |
Schwab Fundamental Emerging Markets Large Company Index ETF | Schwab International Small-Cap Equity ETF™ |
Schwab U.S. Broad Market ETF™ | Schwab Emerging Markets Equity ETF™ |
Schwab 1000 Index® 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™ |
2. Significant Accounting Policies:
3. Risk Factors:
4. Affiliates and Affiliated Transactions:
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 |
0.25% | 0.25% | 0.25% | 0.25% | 0.39% | 0.39% |
Total Aggregate Transactions | Realized Gains (Losses) | |
Schwab Fundamental U.S. Broad Market Index ETF | $5,247,514 | ($283,482) |
Schwab Fundamental U.S. Large Company Index ETF | 124,198,644 | (4,557,692) |
Schwab Fundamental U.S. Small Company Index ETF | 84,930,290 | (1,831,413) |
Schwab Fundamental International Large Company Index ETF | 55,338,398 | (2,857,347) |
Schwab Fundamental International Small Company Index ETF | 7,425,680 | (2,227,791) |
Schwab Fundamental Emerging Markets Large Company Index ETF | 14,724,144 | (371,041) |
5. Other Service Providers:
7. Borrowing from Banks:
8. Derivatives:
Notional Amounts | Number of Contracts | |
Schwab Fundamental U.S. Broad Market Index ETF | $469,758 | 3 |
Schwab Fundamental U.S. Large Company Index ETF | 7,626,417 | 55 |
Schwab Fundamental U.S. Small Company Index ETF | 5,886,844 | 73 |
Schwab Fundamental International Large Company Index ETF | 18,012,255 | 452 |
Schwab Fundamental International Small Company Index ETF | 8,353,627 | 83 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 9,458,294 | 170 |
9. Purchases and Sales of Investment Securities:
Purchases of Securities | Sales of Securities | |
Schwab Fundamental U.S. Broad Market Index ETF | $16,728,239 | $14,564,438 |
Schwab Fundamental U.S. Large Company Index ETF | 262,670,012 | 221,125,535 |
Schwab Fundamental U.S. Small Company Index ETF | 560,975,887 | 462,846,627 |
Schwab Fundamental International Large Company Index ETF | 282,039,140 | 203,922,871 |
Schwab Fundamental International Small Company Index ETF | 293,073,761 | 238,325,296 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 400,931,626 | 183,165,396 |
In-Kind Purchases of Securities | In-Kind Sales of Securities | |
Schwab Fundamental U.S. Broad Market Index ETF | $16,425,809 | $25,901,282 |
Schwab Fundamental U.S. Large Company Index ETF | 565,185,746 | 108,279,359 |
Schwab Fundamental U.S. Small Company Index ETF | 705,165,568 | 288,363,420 |
Schwab Fundamental International Large Company Index ETF | 478,040,516 | 29,245,189 |
Schwab Fundamental International Small Company Index ETF | 323,829,172 | 108,493,119 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 37,431,122 | 2,702,743 |
11. Federal Income Taxes
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 | ||||||
Tax cost | $220,786,682 | $4,026,946,436 | $3,070,750,737 | $3,693,087,794 | $1,881,676,558 | $2,031,837,179 | |||||
Gross unrealized appreciation | $58,601,150 | $867,979,833 | $672,905,253 | $456,353,481 | $263,437,343 | $287,086,488 | |||||
Gross unrealized depreciation | (10,467,130) | (129,916,711) | (105,720,441) | (158,361,902) | (109,676,399) | (146,499,510) | |||||
Net unrealized appreciation (depreciation) | $48,134,020 | $738,063,122 | $567,184,812 | $297,991,579 | $153,760,944 | $140,586,978 |
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 | $3,482,373 | $20,055,716 | $31,402,387 | $55,028,493 | $16,613,693 | $3,804,984 | |||||
Total | $3,482,373 | $20,055,716 | $31,402,387 | $55,028,493 | $16,613,693 | $3,804,984 |
12. Subsequent Events:
1. | the 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) (investment management firm) and President, PIMCO Funds. | 104 | 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 (public policy think tank) (Oct. 1979 – present); Senior Fellow, Stanford Institute for Economic Policy Research (2000 – present); Professor of Public Policy, Stanford University (1994 – 2015). | 104 | Director, Gilead Sciences, Inc. (2005 – present) |
Nancy F. Heller 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 2018) | President and Chairman, TIAA Charitable (financial services) (2014 – 2016); Senior Managing Director, TIAA (financial services) (2003 – 2016). | 104 | None |
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). | 104 | None |
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 |
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. | 104 | 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). | 104 | Director, KLA-Tencor Corporation (2008 – present) |
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). | 104 | 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). | 104 | 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); Co-CEO, Colgin Cellars, LLC (vineyards) (Feb. 1998 – present). | 104 | 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); Director (May 2008 – present), President and Chief Executive Officer (Aug. 2017 – present), Schwab Holdings, Inc.; and Director, Charles Schwab Investment Management, Inc. (July 2016 – present). | 104 | Director, The Charles Schwab Corporation (2008 – present) |
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 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) (investment management firm) (Mar. 2007 – Aug. 2010). | 104 | 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) | Chief Operating Officer (Feb. 2018 – present), Senior Executive Vice President (July 2015 – Feb. 2018), The Charles Schwab Corporation; Senior Executive Vice President, Charles Schwab & Co., Inc. (July 2015 – present); Chief Financial Officer (July 2015 – Aug. 2017), Executive Vice President and Chief Financial Officer (May 2007 – July 2015), The Charles Schwab Corporation and Charles Schwab & Co., Inc.; Director, Charles Schwab & Co., Inc. (May 2007 – present); Director (Apr. 2010 – present) and Chief Executive Officer (July 2013 – Apr. 2015), Charles Schwab Bank; Director (May 2007 – present), Chief Financial Officer (May 2007 – Aug. 2017), Senior Executive Vice President (Feb. 2016 – present), and Executive Vice President (May 2007 – Feb. 2016), Schwab Holdings, Inc. | 104 | 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 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) (investment management firm) (Mar. 2007 – Aug. 2010). |
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 |
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). |
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. (investment management firm) (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 (investment management firm) (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. Mr. Bettinger is an Interested Trustee because he owns stock of The Charles Schwab Corporation (CSC), the parent company of Charles Schwab Investment Management, Inc. (CSIM), the investment adviser for the trusts in the Fund Complex, is an employee and director of Charles Schwab & Co., Inc. (CS&Co), the principal underwriter for The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios, and is a director of CSIM. Ms. Chandoha is an Interested Trustee because she owns stock of CSC and is an employee and director of CSIM. Mr. Martinetto is an Interested Trustee because he owns stock of CSC and is an employee and director of CS&Co. |
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 ETFs™
Index ETF
Printed on recycled paper.
* | FUNDAMENTAL INDEX is a registered trademark of Research Affiliates LLC. |
00215302
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
Security | Number of Shares | Value ($) |
Common Stock 99.8% of net assets | ||
Automobiles & Components 1.3% | ||
Adient plc | 3,497 | 151,385 |
American Axle & Manufacturing Holdings, Inc. * | 1,585 | 28,070 |
Aptiv plc | 2,467 | 217,121 |
BorgWarner, Inc. | 2,856 | 125,007 |
Cooper Tire & Rubber Co. | 1,753 | 50,574 |
Cooper-Standard Holding, Inc. * | 277 | 38,345 |
Dana, Inc. | 2,589 | 50,667 |
Dorman Products, Inc. * | 235 | 19,030 |
Ford Motor Co. | 97,532 | 924,603 |
General Motors Co. | 31,195 | 1,124,580 |
Gentex Corp. | 2,288 | 53,494 |
Gentherm, Inc. * | 337 | 16,581 |
Harley-Davidson, Inc. | 3,579 | 152,537 |
LCI Industries | 237 | 22,029 |
Lear Corp. | 1,013 | 164,309 |
Modine Manufacturing Co. * | 705 | 11,879 |
Standard Motor Products, Inc. | 429 | 21,780 |
Superior Industries International, Inc. | 1,246 | 27,038 |
Tenneco, Inc. | 1,057 | 45,229 |
Tesla, Inc. * | 8 | 2,413 |
The Goodyear Tire & Rubber Co. | 6,612 | 150,026 |
Thor Industries, Inc. | 549 | 52,397 |
Tower International, Inc. | 388 | 13,114 |
Visteon Corp. * | 676 | 74,624 |
Winnebago Industries, Inc. | 308 | 11,381 |
3,548,213 | ||
Banks 4.9% | ||
Associated Banc-Corp. | 1,191 | 32,455 |
BancorpSouth Bank | 398 | 13,850 |
Bank of America Corp. | 44,643 | 1,380,808 |
Bank of Hawaii Corp. | 331 | 27,516 |
Bank OZK | 334 | 13,514 |
BankUnited, Inc. | 669 | 25,950 |
Banner Corp. | 70 | 4,503 |
BB&T Corp. | 5,704 | 294,669 |
BOK Financial Corp. | 183 | 18,767 |
Capitol Federal Financial, Inc. | 1,512 | 19,974 |
Cathay General Bancorp | 328 | 13,874 |
Central Pacific Financial Corp. | 152 | 4,306 |
Chemical Financial Corp. | 111 | 6,340 |
CIT Group, Inc. | 1,875 | 101,700 |
Citigroup, Inc. | 22,853 | 1,628,048 |
Citizens Financial Group, Inc. | 3,508 | 144,389 |
Columbia Banking System, Inc. | 386 | 16,308 |
Comerica, Inc. | 1,043 | 101,672 |
Commerce Bancshares, Inc. | 565 | 40,149 |
Community Bank System, Inc. | 193 | 12,763 |
Cullen/Frost Bankers, Inc. | 315 | 34,930 |
CVB Financial Corp. | 513 | 12,338 |
East West Bancorp, Inc. | 650 | 41,203 |
Essent Group Ltd. * | 143 | 6,200 |
F.N.B. Corp. | 1,292 | 17,377 |
Security | Number of Shares | Value ($) |
Fifth Third Bancorp | 7,083 | 208,453 |
First BanCorp (Puerto Rico) * | 381 | 3,334 |
First Citizens BancShares, Inc., Class A | 35 | 16,625 |
First Commonwealth Financial Corp. | 609 | 10,201 |
First Financial Bancorp | 514 | 16,140 |
First Financial Bankshares, Inc. | 284 | 17,154 |
First Hawaiian, Inc. | 95 | 2,754 |
First Horizon National Corp. | 1,351 | 24,885 |
First Midwest Bancorp, Inc. | 257 | 6,985 |
First Republic Bank | 474 | 48,154 |
Fulton Financial Corp. | 1,716 | 31,231 |
Glacier Bancorp, Inc. | 431 | 19,688 |
Great Western Bancorp, Inc. | 387 | 16,850 |
Hancock Whitney Corp. | 552 | 28,456 |
Home BancShares, Inc. | 362 | 8,474 |
Huntington Bancshares, Inc. | 5,968 | 96,741 |
IBERIABANK Corp. | 143 | 12,391 |
International Bancshares Corp. | 408 | 19,115 |
Investors Bancorp, Inc. | 1,194 | 15,283 |
JPMorgan Chase & Co. | 25,921 | 2,970,028 |
KeyCorp | 6,177 | 130,149 |
M&T Bank Corp. | 796 | 141,011 |
MB Financial, Inc. | 429 | 20,789 |
MGIC Investment Corp. * | 519 | 6,602 |
National Bank Holdings Corp., Class A | 381 | 15,297 |
NBT Bancorp, Inc. | 286 | 11,577 |
New York Community Bancorp, Inc. | 6,132 | 66,042 |
Northwest Bancshares, Inc. | 1,162 | 21,172 |
Ocwen Financial Corp. * | 4,821 | 20,152 |
Old National Bancorp | 1,006 | 20,422 |
PacWest Bancorp | 585 | 29,537 |
Park National Corp. | 99 | 10,905 |
People's United Financial, Inc. | 3,251 | 60,176 |
PHH Corp. * | 4,568 | 49,563 |
Popular, Inc. | 996 | 50,139 |
Prosperity Bancshares, Inc. | 277 | 20,731 |
Provident Financial Services, Inc. | 388 | 9,789 |
Radian Group, Inc. | 994 | 20,208 |
Regions Financial Corp. | 8,797 | 171,190 |
Signature Bank | 145 | 16,782 |
South State Corp. | 60 | 4,947 |
SunTrust Banks, Inc. | 3,771 | 277,395 |
SVB Financial Group * | 143 | 46,153 |
Synovus Financial Corp. | 644 | 32,239 |
TCF Financial Corp. | 1,281 | 32,473 |
Texas Capital Bancshares, Inc. * | 100 | 8,890 |
The Bank of NT Butterfield & Son Ltd. | 202 | 10,674 |
The PNC Financial Services Group, Inc. | 3,366 | 483,156 |
Trustmark Corp. | 572 | 20,295 |
U.S. Bancorp | 14,116 | 763,817 |
UMB Financial Corp. | 208 | 15,650 |
Umpqua Holdings Corp. | 1,081 | 23,133 |
Union Bankshares Corp. | 189 | 7,862 |
United Bankshares, Inc. | 477 | 18,794 |
United Community Banks, Inc. | 142 | 4,308 |
Valley National Bancorp | 2,002 | 24,124 |
Walker & Dunlop, Inc. | 90 | 4,905 |
Washington Federal, Inc. | 858 | 29,258 |
Webster Financial Corp. | 503 | 32,886 |
Security | Number of Shares | Value ($) |
Wells Fargo & Co. | 47,315 | 2,766,981 |
WesBanco, Inc. | 110 | 5,428 |
Westamerica Bancorp | 252 | 16,136 |
Western Alliance Bancorp * | 146 | 8,417 |
Wintrust Financial Corp. | 193 | 17,090 |
Zions Bancorp | 797 | 42,472 |
13,176,261 | ||
Capital Goods 8.0% | ||
3M Co. | 5,000 | 1,054,600 |
A.O. Smith Corp. | 776 | 45,070 |
AAON, Inc. | 143 | 5,777 |
AAR Corp. | 746 | 34,816 |
Actuant Corp., Class A | 1,396 | 41,112 |
Acuity Brands, Inc. | 289 | 44,171 |
AECOM * | 2,609 | 87,767 |
Aegion Corp. * | 701 | 17,497 |
AGCO Corp. | 1,784 | 106,433 |
Air Lease Corp. | 599 | 27,680 |
Aircastle Ltd. | 745 | 15,585 |
Alamo Group, Inc. | 80 | 7,624 |
Albany International Corp., Class A | 220 | 16,973 |
Allegion plc | 314 | 27,387 |
Allison Transmission Holdings, Inc. | 1,381 | 68,580 |
Altra Industrial Motion Corp. | 278 | 10,856 |
American Woodmark Corp. * | 103 | 8,750 |
AMETEK, Inc. | 1,421 | 109,360 |
Apogee Enterprises, Inc. | 349 | 17,178 |
Applied Industrial Technologies, Inc. | 650 | 50,082 |
Armstrong Flooring, Inc. * | 1,071 | 18,753 |
Armstrong World Industries, Inc. * | 562 | 39,228 |
Astec Industries, Inc. | 286 | 13,914 |
Atkore International Group, Inc. * | 560 | 15,333 |
AZZ, Inc. | 305 | 16,394 |
Barnes Group, Inc. | 409 | 27,836 |
Beacon Roofing Supply, Inc. * | 636 | 23,583 |
BMC Stock Holdings, Inc. * | 604 | 13,590 |
Briggs & Stratton Corp. | 1,001 | 20,180 |
Builders FirstSource, Inc. * | 276 | 4,311 |
BWX Technologies, Inc. | 563 | 34,523 |
Carlisle Cos., Inc. | 641 | 81,285 |
Caterpillar, Inc. | 6,646 | 922,797 |
Chart Industries, Inc. * | 340 | 25,687 |
CIRCOR International, Inc. | 303 | 13,744 |
Colfax Corp. * | 997 | 34,815 |
Comfort Systems USA, Inc. | 442 | 25,371 |
Crane Co. | 429 | 39,159 |
Cubic Corp. | 363 | 27,479 |
Cummins, Inc. | 2,465 | 349,537 |
Curtiss-Wright Corp. | 341 | 45,677 |
Deere & Co. | 4,836 | 695,417 |
Donaldson Co., Inc. | 1,163 | 58,848 |
Dover Corp. | 2,021 | 173,543 |
DXP Enterprises, Inc. * | 130 | 5,966 |
Dycom Industries, Inc. * | 235 | 19,719 |
Eaton Corp. plc | 5,623 | 467,496 |
EMCOR Group, Inc. | 923 | 73,932 |
Emerson Electric Co. | 9,657 | 740,982 |
Encore Wire Corp. | 429 | 21,557 |
EnerSys | 639 | 53,031 |
EnPro Industries, Inc. | 143 | 10,735 |
ESCO Technologies, Inc. | 286 | 19,348 |
Esterline Technologies Corp. * | 429 | 36,873 |
Fastenal Co. | 2,591 | 151,211 |
Federal Signal Corp. | 640 | 16,659 |
Flowserve Corp. | 2,808 | 146,353 |
Fluor Corp. | 6,187 | 355,196 |
Security | Number of Shares | Value ($) |
Fortive Corp. | 1,751 | 147,049 |
Fortune Brands Home & Security, Inc. | 1,163 | 61,616 |
Franklin Electric Co., Inc. | 446 | 21,809 |
GATX Corp. | 715 | 60,382 |
Generac Holdings, Inc. * | 781 | 43,338 |
General Dynamics Corp. | 2,738 | 529,529 |
General Electric Co. | 158,992 | 2,057,356 |
Gibraltar Industries, Inc. * | 303 | 13,756 |
Global Brass & Copper Holdings, Inc. | 345 | 13,300 |
GMS, Inc. * | 193 | 4,796 |
Graco, Inc. | 947 | 44,518 |
Granite Construction, Inc. | 567 | 25,901 |
Griffon Corp. | 681 | 12,428 |
H&E Equipment Services, Inc. | 578 | 20,120 |
Harris Corp. | 890 | 144,634 |
Harsco Corp. * | 1,248 | 35,256 |
HD Supply Holdings, Inc. * | 1,123 | 51,198 |
HEICO Corp. | 73 | 6,620 |
HEICO Corp., Class A | 88 | 6,556 |
Herc Holdings, Inc. * | 442 | 23,240 |
Hexcel Corp. | 723 | 47,805 |
Hillenbrand, Inc. | 572 | 29,258 |
Honeywell International, Inc. | 5,450 | 866,877 |
Hubbell, Inc. | 699 | 88,326 |
Huntington Ingalls Industries, Inc. | 351 | 85,809 |
Hyster-Yale Materials Handling, Inc. | 236 | 14,561 |
IDEX Corp. | 465 | 71,243 |
Illinois Tool Works, Inc. | 3,817 | 530,105 |
Ingersoll-Rand plc | 2,471 | 250,288 |
ITT, Inc. | 757 | 44,746 |
Jacobs Engineering Group, Inc. | 2,588 | 188,122 |
John Bean Technologies Corp. | 50 | 5,915 |
Johnson Controls International plc | 5,991 | 226,280 |
Kaman Corp. | 286 | 18,650 |
KBR, Inc. | 3,090 | 64,828 |
Kennametal, Inc. | 1,160 | 47,374 |
KLX, Inc. * | 362 | 26,730 |
L3 Technologies, Inc. | 286 | 61,124 |
Lennox International, Inc. | 209 | 46,567 |
Lincoln Electric Holdings, Inc. | 808 | 76,081 |
Lindsay Corp. | 145 | 13,887 |
Lockheed Martin Corp. | 1,921 | 615,508 |
Masco Corp. | 1,612 | 61,208 |
Masonite International Corp. * | 260 | 17,407 |
MasTec, Inc. * | 759 | 33,244 |
Maxar Technologies Ltd. | 738 | 22,915 |
Meritor, Inc. * | 565 | 12,238 |
Milacron Holdings Corp. * | 153 | 3,244 |
Moog, Inc., Class A | 489 | 38,587 |
MRC Global, Inc. * | 2,793 | 57,564 |
MSC Industrial Direct Co., Inc., Class A | 652 | 55,733 |
Mueller Industries, Inc. | 1,480 | 47,316 |
Mueller Water Products, Inc., Class A | 1,041 | 12,044 |
MYR Group, Inc. * | 446 | 15,507 |
National Presto Industries, Inc. | 108 | 14,321 |
Nordson Corp. | 364 | 50,603 |
Northrop Grumman Corp. | 1,802 | 537,879 |
NOW, Inc. * | 4,232 | 72,748 |
Oshkosh Corp. | 1,343 | 94,359 |
Owens Corning | 1,340 | 75,871 |
PACCAR, Inc. | 4,720 | 322,942 |
Parker-Hannifin Corp. | 1,613 | 283,243 |
Pentair plc | 1,669 | 72,568 |
Primoris Services Corp. | 608 | 15,236 |
Quanex Building Products Corp. | 572 | 9,381 |
Quanta Services, Inc. * | 3,740 | 129,367 |
Raven Industries, Inc. | 433 | 20,957 |
Raytheon Co. | 2,565 | 511,564 |
Security | Number of Shares | Value ($) |
RBC Bearings, Inc. * | 109 | 16,329 |
Regal Beloit Corp. | 691 | 57,837 |
Rexnord Corp. * | 858 | 24,908 |
Rockwell Automation, Inc. | 942 | 170,464 |
Rockwell Collins, Inc. | 921 | 125,210 |
Roper Technologies, Inc. | 356 | 106,220 |
Rush Enterprises, Inc., Class A | 661 | 28,397 |
Simpson Manufacturing Co., Inc. | 429 | 32,934 |
Snap-on, Inc. | 539 | 95,284 |
Spirit AeroSystems Holdings, Inc., Class A | 923 | 78,916 |
SPX FLOW, Inc. * | 746 | 35,763 |
Standex International Corp. | 92 | 9,927 |
Stanley Black & Decker, Inc. | 1,420 | 199,553 |
Teledyne Technologies, Inc. * | 241 | 57,180 |
Tennant Co. | 280 | 21,434 |
Terex Corp. | 1,620 | 62,775 |
Textainer Group Holdings Ltd. * | 725 | 10,947 |
Textron, Inc. | 2,955 | 203,984 |
The Boeing Co. | 3,381 | 1,158,973 |
The Greenbrier Cos., Inc. | 553 | 32,074 |
The Middleby Corp. * | 238 | 28,926 |
The Timken Co. | 1,366 | 66,456 |
The Toro Co. | 750 | 45,592 |
Titan International, Inc. | 1,251 | 9,357 |
Titan Machinery, Inc. * | 228 | 4,118 |
TransDigm Group, Inc. * | 359 | 125,650 |
Trex Co., Inc. * | 80 | 6,776 |
TriMas Corp. * | 494 | 15,166 |
Trinity Industries, Inc. | 2,972 | 106,516 |
Triton International Ltd. | 440 | 16,623 |
Triumph Group, Inc. | 1,399 | 29,099 |
Tutor Perini Corp. * | 1,168 | 23,769 |
United Rentals, Inc. * | 1,000 | 155,870 |
United Technologies Corp. | 10,221 | 1,346,106 |
Univar, Inc. * | 923 | 25,678 |
Universal Forest Products, Inc. | 1,126 | 42,180 |
USG Corp. * | 640 | 27,584 |
Valmont Industries, Inc. | 362 | 50,825 |
Veritiv Corp. * | 788 | 37,627 |
W.W. Grainger, Inc. | 928 | 328,577 |
Wabash National Corp. | 1,124 | 20,502 |
WABCO Holdings, Inc. * | 429 | 52,801 |
Wabtec Corp. | 714 | 77,340 |
Watsco, Inc. | 326 | 57,047 |
Watts Water Technologies, Inc., Class A | 286 | 23,581 |
Welbilt, Inc. * | 1,275 | 28,216 |
WESCO International, Inc. * | 1,417 | 86,649 |
Woodward, Inc. | 507 | 40,844 |
Xylem, Inc. | 1,071 | 81,300 |
21,458,776 | ||
Commercial & Professional Services 1.0% | ||
ABM Industries, Inc. | 1,391 | 44,123 |
ACCO Brands Corp. | 1,644 | 20,386 |
Advanced Disposal Services, Inc. * | 168 | 4,482 |
ASGN, Inc. * | 338 | 31,295 |
Brady Corp., Class A | 578 | 23,380 |
CBIZ, Inc. * | 607 | 14,507 |
Cimpress N.V. * | 115 | 16,100 |
Cintas Corp. | 697 | 148,719 |
Clean Harbors, Inc. * | 625 | 42,869 |
Copart, Inc. * | 1,065 | 68,490 |
CoStar Group, Inc. * | 40 | 17,686 |
Covanta Holding Corp. | 2,353 | 41,530 |
Deluxe Corp. | 572 | 33,874 |
Equifax, Inc. | 667 | 89,358 |
Essendant, Inc. | 4,804 | 69,322 |
Security | Number of Shares | Value ($) |
Exponent, Inc. | 259 | 13,559 |
FTI Consulting, Inc. * | 719 | 54,802 |
Healthcare Services Group, Inc. | 429 | 17,679 |
Herman Miller, Inc. | 858 | 32,861 |
HNI Corp. | 748 | 32,987 |
Huron Consulting Group, Inc. * | 472 | 23,364 |
ICF International, Inc. | 215 | 17,555 |
IHS Markit Ltd. * | 967 | 53,185 |
Insperity, Inc. | 273 | 32,719 |
Interface, Inc. | 496 | 11,681 |
KAR Auction Services, Inc. | 975 | 61,123 |
Kelly Services, Inc., Class A | 1,573 | 39,655 |
Kforce, Inc. | 666 | 28,005 |
Kimball International, Inc., Class B | 553 | 9,661 |
Knoll, Inc. | 676 | 15,913 |
Korn/Ferry International | 377 | 25,308 |
LSC Communications, Inc. | 3,762 | 46,009 |
ManpowerGroup, Inc. | 1,795 | 168,245 |
Matthews International Corp., Class A | 335 | 17,387 |
McGrath RentCorp | 286 | 16,588 |
Mobile Mini, Inc. | 280 | 12,012 |
MSA Safety, Inc. | 286 | 28,912 |
Navigant Consulting, Inc. * | 824 | 19,685 |
Nielsen Holdings plc | 4,121 | 107,146 |
Pitney Bowes, Inc. | 6,290 | 45,665 |
Quad/Graphics, Inc. | 1,178 | 26,823 |
R.R. Donnelley & Sons Co. | 5,670 | 28,690 |
Republic Services, Inc. | 2,263 | 166,014 |
Robert Half International, Inc. | 1,760 | 137,597 |
Rollins, Inc. | 326 | 19,586 |
SP Plus Corp. * | 85 | 3,307 |
Steelcase, Inc., Class A | 1,893 | 27,638 |
Stericycle, Inc. * | 657 | 40,530 |
Team, Inc. * | 710 | 16,543 |
Tetra Tech, Inc. | 663 | 46,277 |
The Brink's Co. | 337 | 25,309 |
The Dun & Bradstreet Corp. | 456 | 65,172 |
TransUnion | 280 | 21,084 |
TrueBlue, Inc. * | 810 | 23,733 |
UniFirst Corp. | 143 | 26,484 |
Verisk Analytics, Inc. * | 493 | 58,711 |
Viad Corp. | 336 | 20,698 |
Waste Management, Inc. | 4,026 | 365,963 |
2,717,986 | ||
Consumer Durables & Apparel 1.6% | ||
American Outdoor Brands Corp. * | 1,329 | 18,646 |
Brunswick Corp. | 900 | 59,778 |
Callaway Golf Co. | 558 | 12,728 |
Carter's, Inc. | 530 | 56,143 |
Cavco Industries, Inc. * | 20 | 4,908 |
Columbia Sportswear Co. | 286 | 25,940 |
Crocs, Inc. * | 1,284 | 26,527 |
D.R. Horton, Inc. | 2,356 | 104,866 |
Deckers Outdoor Corp. * | 553 | 67,378 |
Ethan Allen Interiors, Inc. | 455 | 10,124 |
Fossil Group, Inc. * | 7,895 | 178,980 |
G-III Apparel Group Ltd. * | 879 | 39,977 |
Garmin Ltd. | 1,306 | 88,991 |
GoPro, Inc., Class A *(a) | 2,183 | 13,993 |
Hanesbrands, Inc. | 3,406 | 59,741 |
Hasbro, Inc. | 1,048 | 104,077 |
Helen of Troy Ltd. * | 339 | 40,324 |
iRobot Corp. * | 152 | 17,252 |
KB Home | 685 | 17,022 |
La-Z-Boy, Inc. | 858 | 28,529 |
Leggett & Platt, Inc. | 1,716 | 77,975 |
Security | Number of Shares | Value ($) |
Lennar Corp., Class A | 1,600 | 82,672 |
Lululemon Athletica, Inc. * | 524 | 81,183 |
M.D.C Holdings, Inc. | 580 | 18,386 |
M/I Homes, Inc. * | 321 | 8,317 |
Mattel, Inc. * | 10,057 | 155,180 |
Meritage Homes Corp. * | 474 | 20,453 |
Michael Kors Holdings Ltd. * | 2,246 | 163,105 |
Mohawk Industries, Inc. * | 396 | 75,870 |
Movado Group, Inc. | 307 | 13,078 |
Newell Brands, Inc. | 2,858 | 62,076 |
NIKE, Inc., Class B | 10,692 | 878,882 |
NVR, Inc. * | 31 | 82,722 |
Oxford Industries, Inc. | 261 | 24,296 |
Polaris Industries, Inc. | 810 | 87,844 |
PulteGroup, Inc. | 3,348 | 93,577 |
PVH Corp. | 734 | 105,079 |
Ralph Lauren Corp. | 1,420 | 188,590 |
Skechers U.S.A., Inc., Class A * | 932 | 27,475 |
Steven Madden Ltd. | 857 | 49,835 |
Sturm Ruger & Co., Inc. | 336 | 21,991 |
Tapestry, Inc. | 4,259 | 215,889 |
Taylor Morrison Home Corp., Class A * | 952 | 18,526 |
Tempur Sealy International, Inc. * | 505 | 27,972 |
Toll Brothers, Inc. | 829 | 30,035 |
TopBuild Corp. * | 307 | 19,120 |
TRI Pointe Group, Inc. * | 992 | 14,374 |
Tupperware Brands Corp. | 1,035 | 33,658 |
Under Armour, Inc., Class A * | 1,318 | 26,953 |
Under Armour, Inc., Class C * | 1,201 | 22,783 |
Unifi, Inc. * | 308 | 9,797 |
Universal Electronics, Inc. * | 237 | 10,238 |
VF Corp. | 3,423 | 315,361 |
Vista Outdoor, Inc. * | 2,117 | 39,101 |
Whirlpool Corp. | 1,251 | 156,350 |
Wolverine World Wide, Inc. | 954 | 37,378 |
4,272,045 | ||
Consumer Services 1.9% | ||
Adtalem Global Education, Inc. * | 1,279 | 61,200 |
American Public Education, Inc. * | 383 | 13,309 |
Aramark | 2,612 | 107,301 |
BJ's Restaurants, Inc. | 379 | 28,690 |
Bloomin' Brands, Inc. | 1,481 | 28,583 |
Boyd Gaming Corp. | 488 | 17,773 |
Bright Horizons Family Solutions, Inc. * | 214 | 25,558 |
Brinker International, Inc. | 1,500 | 66,420 |
Caesars Entertainment Corp. * | 821 | 8,374 |
Career Education Corp. * | 1,518 | 24,212 |
Carnival Corp. | 4,164 | 256,044 |
Chipotle Mexican Grill, Inc. * | 272 | 129,249 |
Choice Hotels International, Inc. | 266 | 20,761 |
Churchill Downs, Inc. | 68 | 19,217 |
Cracker Barrel Old Country Store, Inc. | 207 | 30,862 |
Darden Restaurants, Inc. | 1,270 | 147,371 |
Dave & Buster's Entertainment, Inc. * | 236 | 13,728 |
Dine Brands Global, Inc. | 379 | 31,616 |
Domino's Pizza, Inc. | 238 | 71,057 |
Dunkin' Brands Group, Inc. | 484 | 35,279 |
Extended Stay America, Inc. | 1,703 | 34,367 |
Fiesta Restaurant Group, Inc. * | 480 | 13,800 |
Graham Holdings Co., Class B | 67 | 37,698 |
Grand Canyon Education, Inc. * | 202 | 24,066 |
H&R Block, Inc. | 2,959 | 80,071 |
Hilton Grand Vacations, Inc. * | 292 | 9,537 |
Hilton Worldwide Holdings, Inc. | 726 | 56,352 |
Houghton Mifflin Harcourt Co. * | 2,697 | 17,396 |
Hyatt Hotels Corp., Class A | 336 | 25,993 |
Security | Number of Shares | Value ($) |
ILG, Inc. | 455 | 15,529 |
International Game Technology plc | 1,971 | 41,470 |
International Speedway Corp., Class A | 283 | 12,495 |
Jack in the Box, Inc. | 402 | 36,437 |
K12, Inc. * | 911 | 15,086 |
Las Vegas Sands Corp. | 3,300 | 215,886 |
Laureate Education, Inc., Class A * | 346 | 5,526 |
Marriott International, Inc., Class A | 1,313 | 166,055 |
Marriott Vacations Worldwide Corp. | 201 | 23,919 |
McDonald's Corp. | 8,136 | 1,319,903 |
MGM Resorts International | 3,563 | 103,291 |
Norwegian Cruise Line Holdings Ltd. * | 787 | 42,191 |
Penn National Gaming, Inc. * | 919 | 31,669 |
Pinnacle Entertainment, Inc. * | 940 | 32,186 |
Red Robin Gourmet Burgers, Inc. * | 280 | 11,564 |
Red Rock Resorts, Inc., Class A | 377 | 12,305 |
Regis Corp. * | 1,259 | 26,930 |
Royal Caribbean Cruises Ltd. | 1,108 | 135,819 |
SeaWorld Entertainment, Inc. * | 2,120 | 62,158 |
Service Corp. International | 1,398 | 58,660 |
ServiceMaster Global Holdings, Inc. * | 413 | 24,892 |
Six Flags Entertainment Corp. | 777 | 52,486 |
Sonic Corp. | 443 | 15,886 |
Sotheby's * | 420 | 20,168 |
Starbucks Corp. | 7,227 | 386,283 |
Strategic Education, Inc. | 312 | 43,296 |
Texas Roadhouse, Inc. | 572 | 39,439 |
The Cheesecake Factory, Inc. | 832 | 44,238 |
The Wendy's Co. | 3,479 | 61,404 |
Vail Resorts, Inc. | 116 | 34,574 |
Weight Watchers International, Inc. * | 474 | 35,503 |
Wyndham Destinations, Inc. | 1,435 | 63,427 |
Wyndham Hotels & Resorts, Inc. | 1,352 | 76,726 |
Wynn Resorts Ltd. | 710 | 105,322 |
Yum China Holdings, Inc. | 2,688 | 103,972 |
Yum! Brands, Inc. | 3,251 | 282,479 |
5,195,058 | ||
Diversified Financials 4.5% | ||
Affiliated Managers Group, Inc. | 304 | 44,411 |
AGNC Investment Corp. | 3,822 | 72,694 |
Ally Financial, Inc. | 12,139 | 326,296 |
American Express Co. | 9,155 | 970,247 |
Ameriprise Financial, Inc. | 2,106 | 298,968 |
Annaly Capital Management, Inc. | 10,677 | 113,390 |
Artisan Partners Asset Management, Inc., Class A | 163 | 5,403 |
Berkshire Hathaway, Inc., Class B * | 13,844 | 2,889,520 |
BGC Partners, Inc., Class A | 1,626 | 20,195 |
BlackRock, Inc. | 679 | 325,282 |
Cannae Holdings, Inc. * | 2,508 | 48,756 |
Capital One Financial Corp. | 7,616 | 754,669 |
Capstead Mortgage Corp. | 1,329 | 11,164 |
Cboe Global Markets, Inc. | 360 | 36,288 |
Chimera Investment Corp. | 2,010 | 37,446 |
CME Group, Inc. | 1,351 | 236,060 |
Cohen & Steers, Inc. | 120 | 4,988 |
Credit Acceptance Corp. * | 78 | 35,623 |
Discover Financial Services | 6,026 | 470,751 |
Donnelley Financial Solutions, Inc. * | 691 | 14,435 |
E*TRADE Financial Corp. * | 830 | 48,854 |
Eaton Vance Corp. | 817 | 43,080 |
Encore Capital Group, Inc. * | 211 | 8,176 |
Enova International, Inc. * | 659 | 21,879 |
Evercore, Inc., Class A | 243 | 25,794 |
EZCORP, Inc., Class A * | 1,540 | 17,094 |
FactSet Research Systems, Inc. | 172 | 39,455 |
Security | Number of Shares | Value ($) |
Federated Investors, Inc., Class B | 1,297 | 30,039 |
FirstCash, Inc. | 198 | 16,097 |
Franklin Resources, Inc. | 6,093 | 193,392 |
Green Dot Corp., Class A * | 70 | 5,997 |
Greenhill & Co., Inc. | 804 | 22,110 |
Intercontinental Exchange, Inc. | 1,330 | 101,386 |
Invesco Ltd. | 5,013 | 120,813 |
Invesco Mortgage Capital, Inc. | 1,181 | 19,168 |
Jefferies Financial Group, Inc. | 3,153 | 73,213 |
Ladder Capital Corp., Class A | 188 | 3,266 |
Lazard Ltd., Class A | 879 | 42,315 |
Legg Mason, Inc. | 2,194 | 68,453 |
LPL Financial Holdings, Inc. | 1,181 | 78,229 |
MarketAxess Holdings, Inc. | 86 | 16,325 |
MFA Financial, Inc. | 4,225 | 32,363 |
Moody's Corp. | 857 | 152,563 |
Morgan Stanley | 6,173 | 301,428 |
Morningstar, Inc. | 171 | 24,337 |
MSCI, Inc. | 415 | 74,808 |
Nasdaq, Inc. | 698 | 66,617 |
Navient Corp. | 13,136 | 179,175 |
Nelnet, Inc., Class A | 302 | 17,410 |
New Residential Investment Corp. | 1,913 | 35,524 |
New York Mortgage Trust, Inc. | 1,964 | 12,570 |
Northern Trust Corp. | 1,131 | 121,537 |
OneMain Holdings, Inc. * | 647 | 23,745 |
PennyMac Mortgage Investment Trust | 1,180 | 23,576 |
Piper Jaffray Cos. | 60 | 4,620 |
PRA Group, Inc. * | 645 | 23,575 |
Raymond James Financial, Inc. | 572 | 53,219 |
Redwood Trust, Inc. | 892 | 15,146 |
S&P Global, Inc. | 1,038 | 214,918 |
Santander Consumer USA Holdings, Inc. | 3,794 | 81,875 |
SEI Investments Co. | 769 | 48,509 |
SLM Corp. * | 7,483 | 87,701 |
Starwood Property Trust, Inc. | 1,656 | 36,482 |
State Street Corp. | 3,029 | 263,250 |
Stifel Financial Corp. | 365 | 20,393 |
Synchrony Financial | 9,956 | 315,306 |
T. Rowe Price Group, Inc. | 2,350 | 272,341 |
TD Ameritrade Holding Corp. | 1,238 | 72,510 |
The Bank of New York Mellon Corp. | 7,513 | 391,803 |
The Charles Schwab Corp. (b) | 2,501 | 127,026 |
The Goldman Sachs Group, Inc. | 4,442 | 1,056,352 |
Two Harbors Investment Corp. | 2,462 | 38,456 |
Virtus Investment Partners, Inc. | 40 | 5,160 |
Voya Financial, Inc. | 2,869 | 143,651 |
Waddell & Reed Financial, Inc., Class A | 2,623 | 52,512 |
World Acceptance Corp. * | 224 | 26,569 |
12,128,748 | ||
Energy 12.7% | ||
Anadarko Petroleum Corp. | 6,446 | 415,122 |
Andeavor | 3,426 | 523,459 |
Antero Resources Corp. * | 1,855 | 34,336 |
Apache Corp. | 8,252 | 361,685 |
Archrock, Inc. | 1,996 | 25,249 |
Baker Hughes a GE Co. | 11,932 | 393,398 |
Bristow Group, Inc. * | 2,308 | 25,296 |
Cabot Oil & Gas Corp. | 2,142 | 51,044 |
CARBO Ceramics, Inc. * | 1,715 | 14,835 |
Chesapeake Energy Corp. * | 21,197 | 93,903 |
Chevron Corp. | 44,280 | 5,245,409 |
Cimarex Energy Co. | 440 | 37,171 |
Cloud Peak Energy, Inc. * | 6,583 | 15,536 |
CNX Resources Corp. * | 3,643 | 58,069 |
Concho Resources, Inc. * | 567 | 77,764 |
Security | Number of Shares | Value ($) |
ConocoPhillips | 32,391 | 2,378,471 |
Continental Resources, Inc. * | 446 | 29,414 |
CVR Energy, Inc. | 704 | 26,787 |
Delek US Holdings, Inc. | 2,563 | 139,684 |
Denbury Resources, Inc. * | 12,292 | 68,466 |
Devon Energy Corp. | 5,059 | 217,183 |
Diamond Offshore Drilling, Inc. *(a) | 3,946 | 68,739 |
Dril-Quip, Inc. * | 707 | 37,224 |
Energen Corp. * | 672 | 52,114 |
EOG Resources, Inc. | 3,521 | 416,288 |
EQT Corp. | 1,252 | 63,877 |
Exterran Corp. * | 828 | 22,679 |
Exxon Mobil Corp. | 111,402 | 8,931,098 |
Forum Energy Technologies, Inc. * | 1,361 | 16,264 |
Frank's International N.V. * | 715 | 6,313 |
Golar LNG Ltd. | 478 | 12,218 |
Green Plains, Inc. | 1,764 | 31,311 |
Halliburton Co. | 12,930 | 515,778 |
Helix Energy Solutions Group, Inc. * | 2,213 | 20,714 |
Helmerich & Payne, Inc. | 2,115 | 138,681 |
Hess Corp. | 10,582 | 712,592 |
HollyFrontier Corp. | 8,324 | 620,304 |
International Seaways, Inc. * | 203 | 4,166 |
Kinder Morgan, Inc. | 27,382 | 484,661 |
Kosmos Energy Ltd. * | 1,695 | 15,323 |
Marathon Oil Corp. | 28,972 | 623,188 |
Marathon Petroleum Corp. | 14,807 | 1,218,468 |
Matrix Service Co. * | 799 | 16,699 |
McDermott International, Inc. * | 4,692 | 90,743 |
Murphy Oil Corp. | 7,665 | 236,312 |
Nabors Industries Ltd. | 17,692 | 109,160 |
National Oilwell Varco, Inc. | 12,591 | 592,658 |
Newfield Exploration Co. * | 660 | 18,005 |
Newpark Resources, Inc. * | 1,991 | 20,906 |
Noble Corp. plc * | 27,381 | 167,024 |
Noble Energy, Inc. | 5,618 | 166,967 |
Nordic American Tankers Ltd. (a) | 5,287 | 11,790 |
Oasis Petroleum, Inc. * | 3,176 | 42,749 |
Occidental Petroleum Corp. | 12,664 | 1,011,474 |
Oceaneering International, Inc. * | 4,070 | 115,059 |
Oil States International, Inc. * | 1,771 | 59,948 |
ONEOK, Inc. | 1,906 | 125,624 |
Parsley Energy, Inc., Class A * | 163 | 4,527 |
Patterson-UTI Energy, Inc. | 4,025 | 68,948 |
PBF Energy, Inc., Class A | 3,730 | 193,662 |
PDC Energy, Inc. * | 280 | 14,753 |
Peabody Energy Corp. | 1,502 | 62,048 |
Phillips 66 | 14,836 | 1,758,214 |
Pioneer Natural Resources Co. | 693 | 121,067 |
QEP Resources, Inc. * | 7,354 | 73,319 |
Range Resources Corp. | 2,967 | 48,718 |
Renewable Energy Group, Inc. * | 1,377 | 37,110 |
REX American Resources Corp. * | 139 | 11,201 |
Rowan Cos. plc, Class A * | 3,158 | 44,338 |
RPC, Inc. | 751 | 10,274 |
Schlumberger Ltd. | 19,843 | 1,253,284 |
Scorpio Tankers, Inc. | 4,523 | 8,684 |
SEACOR Holdings, Inc. * | 381 | 19,602 |
SemGroup Corp., Class A | 921 | 22,288 |
Ship Finance International Ltd. | 1,105 | 15,691 |
SM Energy Co. | 3,093 | 93,068 |
Superior Energy Services, Inc. * | 6,712 | 60,408 |
Targa Resources Corp. | 1,410 | 77,649 |
Teekay Corp. | 3,359 | 22,774 |
The Williams Cos., Inc. | 9,243 | 273,500 |
Tidewater, Inc. * | 171 | 5,472 |
Transocean Ltd. * | 19,342 | 234,232 |
Unit Corp. * | 1,021 | 26,842 |
Security | Number of Shares | Value ($) |
US Silica Holdings, Inc. | 439 | 9,302 |
Valero Energy Corp. | 17,146 | 2,021,170 |
Weatherford International plc * | 40,910 | 99,002 |
Whiting Petroleum Corp. * | 2,079 | 105,842 |
World Fuel Services Corp. | 11,189 | 313,628 |
WPX Energy, Inc. * | 2,240 | 42,717 |
34,182,733 | ||
Food & Staples Retailing 3.0% | ||
Casey's General Stores, Inc. | 718 | 81,974 |
Costco Wholesale Corp. | 6,062 | 1,413,234 |
Ingles Markets, Inc., Class A | 852 | 30,629 |
Performance Food Group Co. * | 1,428 | 47,267 |
PriceSmart, Inc. | 357 | 31,005 |
Rite Aid Corp. *(a) | 38,277 | 52,440 |
SpartanNash Co. | 2,255 | 48,144 |
Sprouts Farmers Market, Inc. * | 1,376 | 36,423 |
SUPERVALU, Inc. * | 1,683 | 54,344 |
Sysco Corp. | 7,269 | 543,867 |
The Andersons, Inc. | 1,106 | 45,180 |
The Kroger Co. | 29,745 | 936,968 |
United Natural Foods, Inc. * | 1,693 | 60,118 |
US Foods Holding Corp. * | 2,833 | 92,327 |
Walgreens Boots Alliance, Inc. | 13,561 | 929,742 |
Walmart, Inc. | 36,753 | 3,523,143 |
Weis Markets, Inc. | 370 | 17,238 |
7,944,043 | ||
Food, Beverage & Tobacco 3.9% | ||
Altria Group, Inc. | 15,272 | 893,717 |
Archer-Daniels-Midland Co. | 22,169 | 1,117,318 |
B&G Foods, Inc. | 611 | 19,521 |
Brown-Forman Corp., Class B | 2,080 | 108,618 |
Bunge Ltd. | 6,487 | 421,525 |
Cal-Maine Foods, Inc. | 582 | 28,780 |
Calavo Growers, Inc. | 94 | 9,950 |
Campbell Soup Co. | 1,907 | 75,231 |
Conagra Brands, Inc. | 4,010 | 147,367 |
Constellation Brands, Inc., Class A | 483 | 100,561 |
Darling Ingredients, Inc. * | 2,141 | 42,349 |
Dean Foods Co. | 3,711 | 28,278 |
Flowers Foods, Inc. | 2,473 | 49,831 |
Fresh Del Monte Produce, Inc. | 893 | 33,434 |
General Mills, Inc. | 8,543 | 393,063 |
Hormel Foods Corp. | 2,722 | 106,566 |
Ingredion, Inc. | 868 | 87,729 |
J&J Snack Foods Corp. | 143 | 20,807 |
John B Sanfilippo & Son, Inc. | 60 | 4,384 |
Kellogg Co. | 2,662 | 191,105 |
Lamb Weston Holdings, Inc. | 967 | 65,369 |
Lancaster Colony Corp. | 208 | 32,504 |
McCormick & Co., Inc. Non-Voting Shares | 873 | 109,020 |
Molson Coors Brewing Co., Class B | 1,435 | 95,772 |
Mondelez International, Inc., Class A | 19,239 | 821,890 |
Monster Beverage Corp. * | 1,111 | 67,649 |
PepsiCo, Inc. | 13,848 | 1,551,114 |
Philip Morris International, Inc. | 16,432 | 1,279,888 |
Pilgrim's Pride Corp. * | 945 | 17,473 |
Pinnacle Foods, Inc. | 692 | 45,963 |
Post Holdings, Inc. * | 210 | 20,425 |
Sanderson Farms, Inc. | 366 | 38,708 |
The Boston Beer Co., Inc., Class A * | 84 | 25,465 |
The Coca-Cola Co. | 35,111 | 1,564,897 |
The Hain Celestial Group, Inc. * | 739 | 21,106 |
The Hershey Co. | 1,173 | 117,910 |
The J.M. Smucker Co. | 1,504 | 155,484 |
Security | Number of Shares | Value ($) |
The Kraft Heinz Co. | 4,455 | 259,593 |
TreeHouse Foods, Inc. * | 798 | 41,576 |
Tyson Foods, Inc., Class A | 4,589 | 288,235 |
Universal Corp. | 838 | 50,112 |
Vector Group Ltd. | 690 | 10,716 |
10,561,003 | ||
Health Care Equipment & Services 6.3% | ||
Abbott Laboratories | 10,394 | 694,735 |
Acadia Healthcare Co., Inc. * | 296 | 12,293 |
Aetna, Inc. | 3,624 | 725,778 |
Align Technology, Inc. * | 82 | 31,692 |
Allscripts Healthcare Solutions, Inc. * | 1,920 | 28,051 |
Amedisys, Inc. * | 223 | 27,877 |
AmerisourceBergen Corp. | 1,475 | 132,706 |
AMN Healthcare Services, Inc. * | 233 | 13,584 |
Anthem, Inc. | 4,729 | 1,251,908 |
athenahealth, Inc. * | 70 | 10,773 |
Avanos Medical, Inc. * | 505 | 36,411 |
Baxter International, Inc. | 3,046 | 226,531 |
Becton Dickinson & Co. | 1,422 | 372,379 |
Boston Scientific Corp. * | 3,340 | 118,770 |
Brookdale Senior Living, Inc. * | 4,323 | 42,884 |
Cantel Medical Corp. | 50 | 4,850 |
Cardinal Health, Inc. | 9,854 | 514,280 |
Centene Corp. * | 1,014 | 148,531 |
Cerner Corp. * | 1,405 | 91,480 |
Chemed Corp. | 138 | 44,649 |
Cigna Corp. | 1,473 | 277,425 |
Community Health Systems, Inc. * | 18,567 | 72,040 |
CONMED Corp. | 286 | 23,003 |
CVS Health Corp. | 29,959 | 2,254,115 |
Danaher Corp. | 2,927 | 303,062 |
DaVita, Inc. * | 2,005 | 138,926 |
DENTSPLY SIRONA, Inc. | 1,218 | 48,623 |
Diplomat Pharmacy, Inc. * | 776 | 16,032 |
Edwards Lifesciences Corp. * | 663 | 95,631 |
Encompass Health Corp. | 733 | 59,805 |
Envision Healthcare Corp. * | 778 | 35,290 |
Express Scripts Holding Co. * | 17,371 | 1,528,995 |
Globus Medical, Inc., Class A * | 221 | 11,773 |
Haemonetics Corp. * | 242 | 27,017 |
HCA Healthcare, Inc. | 4,420 | 592,766 |
Henry Schein, Inc. * | 2,054 | 159,555 |
Hill-Rom Holdings, Inc. | 389 | 37,838 |
HMS Holdings Corp. * | 583 | 18,685 |
Hologic, Inc. * | 979 | 38,925 |
Humana, Inc. | 2,047 | 682,183 |
IDEXX Laboratories, Inc. * | 104 | 26,420 |
Integer Holdings Corp. * | 80 | 6,392 |
Integra LifeSciences Holdings Corp. * | 178 | 10,586 |
Intuitive Surgical, Inc. * | 257 | 143,920 |
Invacare Corp. | 767 | 11,658 |
Laboratory Corp. of America Holdings * | 682 | 117,897 |
LHC Group, Inc. * | 160 | 15,829 |
LifePoint Health, Inc. * | 1,264 | 81,402 |
LivaNova plc * | 150 | 18,833 |
Magellan Health, Inc. * | 671 | 49,319 |
Masimo Corp. * | 214 | 25,228 |
McKesson Corp. | 4,516 | 581,435 |
MEDNAX, Inc. * | 1,195 | 56,583 |
Medtronic plc | 9,975 | 961,690 |
Molina Healthcare, Inc. * | 597 | 82,386 |
NuVasive, Inc. * | 223 | 15,652 |
Owens & Minor, Inc. | 4,330 | 73,523 |
Patterson Cos., Inc. | 2,293 | 51,707 |
Premier, Inc., Class A * | 266 | 11,765 |
Security | Number of Shares | Value ($) |
Quality Systems, Inc. * | 701 | 16,046 |
Quest Diagnostics, Inc. | 1,891 | 207,972 |
ResMed, Inc. | 740 | 82,443 |
Select Medical Holdings Corp. * | 2,149 | 42,550 |
STERIS plc | 455 | 52,061 |
Stryker Corp. | 1,563 | 264,819 |
Teleflex, Inc. | 151 | 37,362 |
Tenet Healthcare Corp. * | 4,180 | 140,950 |
The Cooper Cos., Inc. | 177 | 45,273 |
The Ensign Group, Inc. | 448 | 17,503 |
The Providence Service Corp. * | 60 | 4,028 |
Tivity Health, Inc. * | 143 | 4,919 |
Triple-S Management Corp., Class B * | 858 | 18,679 |
UnitedHealth Group, Inc. | 7,860 | 2,110,096 |
Universal Health Services, Inc., Class B | 1,141 | 148,513 |
Varex Imaging Corp. * | 100 | 3,140 |
Varian Medical Systems, Inc. * | 730 | 81,775 |
WellCare Health Plans, Inc. * | 431 | 130,408 |
West Pharmaceutical Services, Inc. | 331 | 38,744 |
Zimmer Biomet Holdings, Inc. | 1,362 | 168,384 |
16,909,741 | ||
Household & Personal Products 1.5% | ||
Central Garden & Pet Co. * | 100 | 3,970 |
Central Garden & Pet Co., Class A * | 306 | 11,117 |
Church & Dwight Co., Inc. | 2,143 | 121,251 |
Colgate-Palmolive Co. | 6,886 | 457,299 |
Coty, Inc., Class A | 1,467 | 18,132 |
Edgewell Personal Care Co. * | 812 | 45,854 |
Energizer Holdings, Inc. | 421 | 26,771 |
Herbalife Nutrition Ltd. * | 1,666 | 94,279 |
Kimberly-Clark Corp. | 2,682 | 309,878 |
Nu Skin Enterprises, Inc., Class A | 898 | 71,481 |
Spectrum Brands Holdings, Inc. | 439 | 38,127 |
The Clorox Co. | 889 | 128,887 |
The Estee Lauder Cos., Inc., Class A | 1,258 | 176,271 |
The Procter & Gamble Co. | 31,007 | 2,572,031 |
USANA Health Sciences, Inc. * | 116 | 15,306 |
WD-40 Co. | 100 | 17,745 |
4,108,399 | ||
Insurance 3.5% | ||
Aflac, Inc. | 9,959 | 460,504 |
Alleghany Corp. | 153 | 96,662 |
Ambac Financial Group, Inc. * | 1,135 | 23,983 |
American Equity Investment Life Holding Co. | 1,309 | 48,551 |
American Financial Group, Inc. | 659 | 73,386 |
American International Group, Inc. | 26,501 | 1,409,058 |
American National Insurance Co. | 95 | 12,192 |
AMERISAFE, Inc. | 90 | 5,742 |
AmTrust Financial Services, Inc. | 1,639 | 23,831 |
Aon plc | 2,393 | 348,325 |
Arch Capital Group Ltd. * | 2,538 | 77,587 |
Argo Group International Holdings Ltd. | 400 | 25,480 |
Arthur J. Gallagher & Co. | 1,084 | 78,200 |
Aspen Insurance Holdings Ltd. | 1,002 | 41,232 |
Assurant, Inc. | 1,300 | 133,666 |
Assured Guaranty Ltd. | 2,501 | 101,891 |
Athene Holding Ltd., Class A * | 391 | 19,417 |
Axis Capital Holdings Ltd. | 1,790 | 102,961 |
Brighthouse Financial, Inc. * | 884 | 36,695 |
Brown & Brown, Inc. | 1,430 | 43,586 |
Chubb Ltd. | 2,865 | 387,463 |
Cincinnati Financial Corp. | 1,234 | 94,611 |
CNA Financial Corp. | 328 | 14,727 |
CNO Financial Group, Inc. | 3,376 | 72,955 |
Security | Number of Shares | Value ($) |
Employers Holdings, Inc. | 226 | 10,362 |
Enstar Group Ltd. * | 20 | 4,270 |
Erie Indemnity Co., Class A | 353 | 43,606 |
Everest Re Group Ltd. | 619 | 138,049 |
Fidelity National Financial, Inc. | 2,760 | 110,676 |
First American Financial Corp. | 1,121 | 63,740 |
Genworth Financial, Inc., Class A * | 26,982 | 125,466 |
Horace Mann Educators Corp. | 429 | 19,863 |
James River Group Holdings Ltd. | 321 | 13,145 |
Kemper Corp. | 659 | 53,610 |
Lincoln National Corp. | 2,499 | 163,884 |
Loews Corp. | 4,755 | 239,224 |
Maiden Holdings Ltd. | 2,089 | 7,938 |
Markel Corp. * | 50 | 60,440 |
Marsh & McLennan Cos., Inc. | 3,756 | 317,870 |
MBIA, Inc. * | 3,185 | 32,710 |
Mercury General Corp. | 414 | 22,315 |
MetLife, Inc. | 9,872 | 453,026 |
National General Holdings Corp. | 193 | 5,271 |
Old Republic International Corp. | 2,775 | 61,550 |
Primerica, Inc. | 552 | 67,482 |
Principal Financial Group, Inc. | 2,350 | 129,697 |
ProAssurance Corp. | 816 | 39,454 |
Prudential Financial, Inc. | 4,137 | 406,460 |
Reinsurance Group of America, Inc. | 698 | 99,709 |
RenaissanceRe Holdings Ltd. | 659 | 87,621 |
Safety Insurance Group, Inc. | 143 | 13,828 |
Selective Insurance Group, Inc. | 418 | 26,836 |
Stewart Information Services Corp. | 523 | 23,420 |
The Allstate Corp. | 5,302 | 533,222 |
The Hanover Insurance Group, Inc. | 425 | 52,058 |
The Hartford Financial Services Group, Inc. | 5,450 | 274,516 |
The Progressive Corp. | 5,242 | 353,992 |
The Travelers Cos., Inc. | 6,954 | 915,146 |
Torchmark Corp. | 1,072 | 94,250 |
United Fire Group, Inc. | 90 | 4,458 |
Universal Insurance Holdings, Inc. | 314 | 14,004 |
Unum Group | 2,433 | 89,729 |
W.R. Berkley Corp. | 1,166 | 91,251 |
White Mountains Insurance Group Ltd. | 70 | 64,957 |
Willis Towers Watson plc | 380 | 55,963 |
XL Group Ltd. | 3,210 | 184,222 |
9,301,995 | ||
Materials 3.6% | ||
AdvanSix, Inc. * | 641 | 21,691 |
Air Products & Chemicals, Inc. | 1,506 | 250,433 |
AK Steel Holding Corp. * | 2,702 | 11,997 |
Albemarle Corp. | 722 | 68,965 |
Alcoa Corp. * | 5,101 | 227,862 |
Allegheny Technologies, Inc. * | 1,972 | 53,303 |
AptarGroup, Inc. | 560 | 58,638 |
Ashland Global Holdings, Inc. | 1,513 | 127,395 |
Avery Dennison Corp. | 854 | 89,824 |
Axalta Coating Systems Ltd. * | 1,257 | 38,339 |
Balchem Corp. | 104 | 11,533 |
Ball Corp. | 2,710 | 113,495 |
Bemis Co., Inc. | 1,794 | 88,408 |
Berry Global Group, Inc. * | 665 | 31,740 |
Boise Cascade Co. | 945 | 41,297 |
Cabot Corp. | 840 | 54,533 |
Carpenter Technology Corp. | 716 | 42,724 |
Celanese Corp., Series A | 1,001 | 116,947 |
Century Aluminum Co. * | 844 | 10,651 |
CF Industries Holdings, Inc. | 5,035 | 261,568 |
Clearwater Paper Corp. * | 762 | 22,136 |
Cleveland-Cliffs, Inc. * | 7,482 | 75,194 |
Security | Number of Shares | Value ($) |
Commercial Metals Co. | 3,380 | 73,008 |
Compass Minerals International, Inc. | 471 | 29,461 |
Crown Holdings, Inc. * | 1,072 | 45,892 |
Domtar Corp. | 2,430 | 123,687 |
DowDuPont, Inc. | 19,210 | 1,347,197 |
Eagle Materials, Inc. | 199 | 18,374 |
Eastman Chemical Co. | 1,723 | 167,183 |
Ecolab, Inc. | 1,600 | 240,768 |
FMC Corp. | 769 | 65,711 |
Freeport-McMoRan, Inc. | 23,298 | 327,337 |
GCP Applied Technologies, Inc. * | 839 | 21,143 |
Graphic Packaging Holding Co. | 4,405 | 62,639 |
Greif, Inc., Class A | 646 | 35,646 |
H.B. Fuller Co. | 572 | 32,598 |
Hecla Mining Co. | 2,786 | 7,912 |
Huntsman Corp. | 2,841 | 86,622 |
Ingevity Corp. * | 208 | 21,010 |
Innophos Holdings, Inc. | 496 | 21,680 |
Innospec, Inc. | 317 | 24,599 |
International Flavors & Fragrances, Inc. | 533 | 69,445 |
International Paper Co. | 5,803 | 296,765 |
Kaiser Aluminum Corp. | 245 | 26,850 |
KapStone Paper & Packaging Corp. | 999 | 34,316 |
Kraton Corp. * | 337 | 15,849 |
Louisiana-Pacific Corp. | 858 | 25,019 |
LyondellBasell Industries N.V., Class A | 8,205 | 925,360 |
Martin Marietta Materials, Inc. | 348 | 69,155 |
Materion Corp. | 402 | 25,648 |
Minerals Technologies, Inc. | 280 | 18,802 |
Neenah, Inc. | 177 | 16,151 |
NewMarket Corp. | 97 | 38,901 |
Newmont Mining Corp. | 5,222 | 162,039 |
Nucor Corp. | 5,295 | 330,937 |
Olin Corp. | 1,259 | 38,689 |
Olympic Steel, Inc. | 511 | 11,262 |
Owens-Illinois, Inc. * | 3,091 | 54,618 |
P.H. Glatfelter Co. | 1,181 | 22,711 |
Packaging Corp. of America | 719 | 79,032 |
Platform Specialty Products Corp. * | 1,447 | 19,187 |
PolyOne Corp. | 1,066 | 45,049 |
PPG Industries, Inc. | 2,748 | 303,764 |
Praxair, Inc. | 2,538 | 401,486 |
Quaker Chemical Corp. | 71 | 12,790 |
Rayonier Advanced Materials, Inc. | 886 | 18,517 |
Reliance Steel & Aluminum Co. | 1,701 | 149,501 |
Royal Gold, Inc. | 189 | 14,413 |
RPM International, Inc. | 1,287 | 86,872 |
Schnitzer Steel Industries, Inc., Class A | 1,035 | 27,272 |
Schweitzer-Mauduit International, Inc. | 362 | 14,730 |
Sealed Air Corp. | 1,540 | 61,769 |
Sensient Technologies Corp. | 572 | 40,623 |
Silgan Holdings, Inc. | 1,144 | 31,174 |
Sonoco Products Co. | 1,480 | 82,939 |
Southern Copper Corp. | 923 | 40,280 |
Steel Dynamics, Inc. | 2,346 | 107,283 |
Stepan Co. | 331 | 29,529 |
Summit Materials, Inc., Class A * | 421 | 8,955 |
SunCoke Energy, Inc. * | 1,482 | 16,539 |
Tahoe Resources, Inc. * | 772 | 2,656 |
The Chemours Co. | 1,671 | 72,856 |
The Mosaic Co. | 14,390 | 449,975 |
The Scotts Miracle-Gro Co., Class A | 396 | 29,589 |
The Sherwin-Williams Co. | 336 | 153,075 |
TimkenSteel Corp. * | 1,233 | 17,274 |
Trinseo S.A. | 401 | 30,937 |
Tronox Ltd., Class A | 1,080 | 17,485 |
United States Steel Corp. | 3,124 | 92,720 |
Valvoline, Inc. | 253 | 5,445 |
Security | Number of Shares | Value ($) |
Vulcan Materials Co. | 535 | 59,278 |
W.R. Grace & Co. | 426 | 30,101 |
Westlake Chemical Corp. | 295 | 27,898 |
WestRock Co. | 2,683 | 147,780 |
Worthington Industries, Inc. | 708 | 32,979 |
9,515,409 | ||
Media 2.6% | ||
AMC Entertainment Holdings, Inc., Class A | 1,122 | 21,374 |
AMC Networks, Inc., Class A * | 454 | 28,516 |
Cable One, Inc. | 25 | 20,944 |
CBS Corp., Class B Non-Voting Shares | 7,235 | 383,600 |
Charter Communications, Inc., Class A * | 433 | 134,403 |
Cinemark Holdings, Inc. | 1,290 | 48,143 |
Comcast Corp., Class A | 46,880 | 1,734,091 |
Discovery, Inc., Class A *(a) | 4,288 | 119,335 |
Discovery, Inc., Class C * | 8,278 | 212,248 |
DISH Network Corp., Class A * | 2,119 | 74,907 |
Gannett Co., Inc. | 4,310 | 44,307 |
GCI Liberty, Inc., Class A * | 75 | 3,681 |
Gray Television, Inc. * | 316 | 5,514 |
John Wiley & Sons, Inc., Class A | 529 | 34,147 |
Liberty Media Corp. - Liberty SiriusXM, Class A * | 497 | 23,230 |
Liberty Media Corp. - Liberty SiriusXM, Class C * | 768 | 36,127 |
Lions Gate Entertainment Corp., Class A | 138 | 3,246 |
Lions Gate Entertainment Corp., Class B | 392 | 8,800 |
Live Nation Entertainment, Inc. * | 775 | 38,502 |
Meredith Corp. | 457 | 23,604 |
National CineMedia, Inc. | 2,761 | 25,125 |
New Media Investment Group, Inc. | 705 | 11,210 |
News Corp., Class A | 5,501 | 71,898 |
News Corp., Class B | 2,014 | 27,390 |
Nexstar Media Group, Inc., Class A | 155 | 12,710 |
Omnicom Group, Inc. | 3,171 | 219,814 |
Scholastic Corp. | 685 | 28,797 |
Sinclair Broadcast Group, Inc., Class A | 739 | 21,394 |
Sirius XM Holdings, Inc. | 5,748 | 40,811 |
TEGNA, Inc. | 4,048 | 47,119 |
The Interpublic Group of Cos., Inc. | 3,810 | 88,963 |
The Madison Square Garden Co., Class A * | 61 | 18,418 |
The New York Times Co., Class A | 818 | 19,059 |
The Walt Disney Co. | 16,875 | 1,890,337 |
Tribune Media Co., Class A | 1,399 | 51,609 |
Twenty-First Century Fox, Inc., Class A | 14,818 | 672,737 |
Twenty-First Century Fox, Inc., Class B | 6,454 | 289,785 |
Viacom, Inc., Class B | 17,557 | 514,069 |
7,049,964 | ||
Pharmaceuticals, Biotechnology & Life Sciences 5.8% | ||
AbbVie, Inc. | 7,950 | 763,041 |
Agilent Technologies, Inc. | 1,772 | 119,681 |
Akorn, Inc. * | 252 | 3,954 |
Alexion Pharmaceuticals, Inc. * | 422 | 51,585 |
Allergan plc | 1,090 | 208,964 |
Amgen, Inc. | 5,539 | 1,106,748 |
Bio-Rad Laboratories, Inc., Class A * | 115 | 37,410 |
Bio-Techne Corp. | 143 | 27,480 |
Biogen, Inc. * | 935 | 330,513 |
BioMarin Pharmaceutical, Inc. * | 50 | 4,999 |
Bristol-Myers Squibb Co. | 9,991 | 604,955 |
Bruker Corp. | 462 | 16,438 |
Cambrex Corp. * | 100 | 6,740 |
Catalent, Inc. * | 463 | 19,353 |
Celgene Corp. * | 3,766 | 355,699 |
Security | Number of Shares | Value ($) |
Charles River Laboratories International, Inc. * | 334 | 41,252 |
Eli Lilly & Co. | 7,376 | 779,274 |
Endo International plc * | 2,757 | 47,283 |
Gilead Sciences, Inc. | 13,895 | 1,052,268 |
Illumina, Inc. * | 204 | 72,385 |
IQVIA Holdings, Inc. * | 436 | 55,411 |
Jazz Pharmaceuticals plc * | 182 | 31,107 |
Johnson & Johnson | 20,227 | 2,724,375 |
Mallinckrodt plc * | 2,313 | 79,706 |
Merck & Co., Inc. | 34,206 | 2,346,190 |
Mettler-Toledo International, Inc. * | 116 | 67,797 |
Mylan N.V. * | 3,896 | 152,450 |
Myriad Genetics, Inc. * | 982 | 48,894 |
PDL BioPharma, Inc. * | 10,379 | 25,117 |
PerkinElmer, Inc. | 610 | 56,382 |
Perrigo Co., plc | 963 | 73,679 |
Pfizer, Inc. | 84,717 | 3,517,450 |
PRA Health Sciences, Inc. * | 121 | 12,778 |
Prestige Consumer Healthcare, Inc. * | 349 | 13,437 |
QIAGEN N.V. * | 956 | 37,255 |
Regeneron Pharmaceuticals, Inc. * | 138 | 56,132 |
Thermo Fisher Scientific, Inc. | 1,590 | 380,169 |
United Therapeutics Corp. * | 495 | 60,880 |
Waters Corp. * | 384 | 72,760 |
Zoetis, Inc. | 1,193 | 108,086 |
15,570,077 | ||
Real Estate 2.2% | ||
Acadia Realty Trust | 455 | 12,977 |
Alexandria Real Estate Equities, Inc. | 354 | 45,436 |
Altisource Portfolio Solutions S.A. * | 447 | 16,159 |
American Campus Communities, Inc. | 886 | 37,150 |
American Homes 4 Rent, Class A | 554 | 12,853 |
American Tower Corp. | 1,095 | 163,286 |
Apartment Investment & Management Co., Class A | 1,000 | 43,800 |
Apple Hospitality REIT, Inc. | 1,876 | 33,111 |
Ashford Hospitality Trust, Inc. | 2,398 | 15,563 |
AvalonBay Communities, Inc. | 586 | 107,408 |
Boston Properties, Inc. | 1,118 | 145,843 |
Brandywine Realty Trust | 1,573 | 26,363 |
Brixmor Property Group, Inc. | 3,630 | 66,139 |
Camden Property Trust | 614 | 58,367 |
CBL & Associates Properties, Inc. | 7,131 | 31,804 |
CBRE Group, Inc., Class A * | 1,736 | 84,734 |
Chesapeake Lodging Trust | 455 | 14,974 |
Colony Capital, Inc. | 509 | 3,120 |
Columbia Property Trust, Inc. | 1,530 | 36,842 |
CoreCivic, Inc. | 2,996 | 77,566 |
CorePoint Lodging, Inc. | 436 | 9,091 |
Corporate Office Properties Trust | 1,009 | 31,057 |
Crown Castle International Corp. | 1,291 | 147,213 |
CubeSmart | 770 | 23,523 |
CyrusOne, Inc. | 185 | 12,388 |
DDR Corp. | 2,390 | 33,436 |
DiamondRock Hospitality Co. | 2,356 | 28,178 |
Digital Realty Trust, Inc. | 943 | 117,196 |
Douglas Emmett, Inc. | 723 | 28,240 |
Duke Realty Corp. | 2,087 | 59,459 |
EastGroup Properties, Inc. | 143 | 13,910 |
Education Realty Trust, Inc. | 378 | 15,642 |
EPR Properties | 286 | 20,071 |
Equinix, Inc. | 166 | 72,398 |
Equity Commonwealth * | 1,134 | 36,356 |
Equity LifeStyle Properties, Inc. | 292 | 28,289 |
Equity Residential | 2,386 | 161,651 |
Essex Property Trust, Inc. | 230 | 56,644 |
Security | Number of Shares | Value ($) |
Extra Space Storage, Inc. | 400 | 36,884 |
Federal Realty Investment Trust | 365 | 47,673 |
First Industrial Realty Trust, Inc. | 455 | 14,769 |
Forest City Realty Trust, Inc., Class A | 566 | 14,235 |
Franklin Street Properties Corp. | 1,567 | 13,429 |
Front Yard Residential Corp. | 1,241 | 15,165 |
Gaming & Leisure Properties, Inc. | 811 | 29,026 |
Government Properties Income Trust | 828 | 14,001 |
Gramercy Property Trust | 442 | 12,089 |
HCP, Inc. | 4,965 | 134,204 |
Healthcare Realty Trust, Inc. | 703 | 21,765 |
Healthcare Trust of America, Inc., Class A | 740 | 21,142 |
Hersha Hospitality Trust | 741 | 17,488 |
Highwoods Properties, Inc. | 715 | 35,564 |
Hospitality Properties Trust | 2,657 | 77,026 |
Host Hotels & Resorts, Inc. | 8,424 | 181,369 |
Hudson Pacific Properties, Inc. | 303 | 10,253 |
Investors Real Estate Trust | 2,554 | 13,919 |
Iron Mountain, Inc. | 3,573 | 128,985 |
Jones Lang LaSalle, Inc. | 462 | 70,464 |
Kilroy Realty Corp. | 316 | 23,112 |
Kimco Realty Corp. | 3,509 | 60,039 |
Kite Realty Group Trust | 910 | 15,907 |
Lamar Advertising Co., Class A | 552 | 42,532 |
LaSalle Hotel Properties | 1,317 | 46,240 |
Lexington Realty Trust | 2,233 | 20,856 |
Liberty Property Trust | 1,001 | 43,794 |
Life Storage, Inc. | 185 | 18,056 |
Mack-Cali Realty Corp. | 1,573 | 34,354 |
Medical Properties Trust, Inc. | 1,773 | 26,684 |
Mid-America Apartment Communities, Inc. | 504 | 52,194 |
National Health Investors, Inc. | 77 | 6,102 |
National Retail Properties, Inc. | 712 | 32,816 |
New Senior Investment Group, Inc. | 1,408 | 8,927 |
Omega Healthcare Investors, Inc. | 1,151 | 38,041 |
Outfront Media, Inc. | 2,297 | 45,641 |
Paramount Group, Inc. | 1,345 | 21,359 |
Park Hotels & Resorts, Inc. | 1,254 | 41,946 |
Pebblebrook Hotel Trust | 500 | 19,305 |
Pennsylvania Real Estate Investment Trust | 1,525 | 15,555 |
Piedmont Office Realty Trust, Inc., Class A | 2,167 | 42,993 |
PotlatchDeltic Corp. | 302 | 14,587 |
Prologis, Inc. | 2,321 | 155,925 |
PS Business Parks, Inc. | 143 | 18,651 |
Public Storage | 569 | 120,958 |
QTS Realty Trust, Inc., Class A | 59 | 2,698 |
Ramco-Gershenson Properties Trust | 999 | 13,946 |
Rayonier, Inc. | 1,341 | 46,707 |
Realogy Holdings Corp. | 2,083 | 44,555 |
Realty Income Corp. | 1,040 | 60,913 |
Regency Centers Corp. | 521 | 34,402 |
Retail Properties of America, Inc., Class A | 2,690 | 34,244 |
Retail Value, Inc. * | 236 | 8,430 |
RLJ Lodging Trust | 1,814 | 39,745 |
Ryman Hospitality Properties, Inc. | 376 | 33,362 |
Sabra Health Care REIT, Inc. | 1,139 | 26,858 |
SBA Communications Corp. * | 242 | 37,566 |
Select Income REIT | 704 | 14,467 |
Senior Housing Properties Trust | 3,073 | 58,725 |
Simon Property Group, Inc. | 1,789 | 327,441 |
SL Green Realty Corp. | 613 | 63,997 |
Spirit MTA REIT * | 353 | 3,784 |
Spirit Realty Capital, Inc. | 3,507 | 29,354 |
STORE Capital Corp. | 418 | 12,043 |
Summit Hotel Properties, Inc. | 795 | 10,915 |
Sun Communities, Inc. | 241 | 24,866 |
Sunstone Hotel Investors, Inc. | 1,959 | 32,872 |
Tanger Factory Outlet Centers, Inc. | 946 | 22,761 |
Security | Number of Shares | Value ($) |
Taubman Centers, Inc. | 655 | 42,320 |
The GEO Group, Inc. | 1,612 | 40,896 |
The Howard Hughes Corp. * | 25 | 3,259 |
The Macerich Co. | 1,089 | 63,968 |
Tier REIT, Inc. | 590 | 14,066 |
UDR, Inc. | 1,506 | 60,195 |
Uniti Group, Inc. | 502 | 10,452 |
Urban Edge Properties | 576 | 13,167 |
Ventas, Inc. | 2,843 | 170,210 |
VEREIT, Inc. | 5,943 | 46,474 |
Vornado Realty Trust | 1,294 | 99,638 |
Washington Prime Group, Inc. | 6,455 | 49,962 |
Washington Real Estate Investment Trust | 792 | 24,995 |
Weingarten Realty Investors | 858 | 26,538 |
Welltower, Inc. | 3,084 | 205,734 |
Weyerhaeuser Co. | 4,908 | 170,357 |
WP Carey, Inc. | 651 | 43,344 |
Xenia Hotels & Resorts, Inc. | 1,649 | 40,005 |
5,914,492 | ||
Retailing 5.5% | ||
Aaron's, Inc. | 871 | 43,306 |
Abercrombie & Fitch Co., Class A | 4,735 | 102,607 |
Advance Auto Parts, Inc. | 834 | 136,801 |
Amazon.com, Inc. * | 372 | 748,728 |
American Eagle Outfitters, Inc. | 4,640 | 120,454 |
Asbury Automotive Group, Inc. * | 656 | 48,872 |
Ascena Retail Group, Inc. * | 21,515 | 98,539 |
AutoNation, Inc. * | 1,628 | 73,830 |
AutoZone, Inc. * | 156 | 119,633 |
Barnes & Noble Education, Inc. * | 3,439 | 20,565 |
Barnes & Noble, Inc. | 4,565 | 23,966 |
Bed Bath & Beyond, Inc. | 13,866 | 248,756 |
Best Buy Co., Inc. | 5,646 | 449,196 |
Big 5 Sporting Goods Corp. | 1,368 | 7,798 |
Big Lots, Inc. | 1,725 | 74,261 |
Booking Holdings, Inc. * | 161 | 314,200 |
Burlington Stores, Inc. * | 214 | 35,991 |
Caleres, Inc. | 1,001 | 40,520 |
CarMax, Inc. * | 2,318 | 180,920 |
Chico's FAS, Inc. | 6,985 | 63,703 |
Citi Trends, Inc. | 413 | 12,778 |
Conn's, Inc. * | 106 | 4,346 |
Core-Mark Holding Co., Inc. | 3,683 | 131,741 |
Dick's Sporting Goods, Inc. | 3,161 | 118,348 |
Dillard's, Inc., Class A (a) | 981 | 77,087 |
Dollar General Corp. | 4,115 | 443,309 |
Dollar Tree, Inc. * | 1,671 | 134,532 |
DSW, Inc., Class A | 2,338 | 77,762 |
Expedia Group, Inc. | 672 | 87,696 |
Express, Inc. * | 4,671 | 52,409 |
Five Below, Inc. * | 196 | 22,828 |
Foot Locker, Inc. | 3,903 | 192,418 |
Francesca's Holdings Corp. * | 563 | 3,536 |
GameStop Corp., Class A (a) | 9,505 | 126,131 |
Genesco, Inc. * | 1,412 | 71,800 |
Genuine Parts Co. | 2,342 | 233,849 |
GNC Holdings, Inc., Class A *(a) | 13,274 | 41,149 |
Group 1 Automotive, Inc. | 742 | 57,201 |
Groupon, Inc. * | 3,175 | 13,557 |
Guess?, Inc. | 2,569 | 62,941 |
Haverty Furniture Cos., Inc. | 640 | 14,144 |
Hibbett Sports, Inc. * | 1,296 | 26,633 |
J.C. Penney Co., Inc. *(a) | 12,912 | 22,854 |
Kohl's Corp. | 8,179 | 647,041 |
L Brands, Inc. | 4,903 | 129,586 |
Liberty TripAdvisor Holdings, Inc., Class A * | 1,098 | 17,403 |
Security | Number of Shares | Value ($) |
Lithia Motors, Inc., Class A | 338 | 29,203 |
LKQ Corp. * | 2,453 | 84,678 |
Lowe's Cos., Inc. | 12,802 | 1,392,217 |
Lumber Liquidators Holdings, Inc. * | 690 | 12,027 |
Macy's, Inc. | 13,029 | 476,210 |
Monro, Inc. | 301 | 21,356 |
Murphy USA, Inc. * | 2,089 | 173,345 |
Netflix, Inc. * | 158 | 58,093 |
Nordstrom, Inc. | 3,581 | 225,066 |
O'Reilly Automotive, Inc. * | 905 | 303,555 |
Office Depot, Inc. | 24,169 | 80,966 |
Ollie's Bargain Outlet Holdings, Inc. * | 70 | 6,097 |
Party City Holdco, Inc. * | 336 | 5,158 |
Penske Automotive Group, Inc. | 849 | 44,683 |
Pier 1 Imports, Inc. | 9,765 | 17,968 |
Pool Corp. | 249 | 40,901 |
Qurate Retail, Inc. * | 9,306 | 193,472 |
Rent-A-Center, Inc. * | 2,932 | 43,218 |
RH * | 233 | 37,047 |
Ross Stores, Inc. | 2,705 | 259,085 |
Sally Beauty Holdings, Inc. * | 3,131 | 48,217 |
Shoe Carnival, Inc. | 549 | 24,409 |
Shutterfly, Inc. * | 293 | 22,760 |
Signet Jewelers Ltd. | 1,961 | 125,896 |
Sleep Number Corp. * | 534 | 17,996 |
Sonic Automotive, Inc., Class A | 1,701 | 36,572 |
Target Corp. | 17,172 | 1,502,550 |
The Buckle, Inc. | 1,373 | 35,355 |
The Cato Corp., Class A | 1,485 | 31,853 |
The Children's Place, Inc. | 219 | 30,824 |
The Gap, Inc. | 7,421 | 225,227 |
The Home Depot, Inc. | 9,948 | 1,997,260 |
The Michaels Cos., Inc. * | 1,052 | 17,873 |
The TJX Cos., Inc. | 7,424 | 816,417 |
Tiffany & Co. | 1,010 | 123,876 |
Tractor Supply Co. | 1,800 | 158,904 |
TripAdvisor, Inc. * | 555 | 30,142 |
Ulta Salon, Cosmetics & Fragrance, Inc. * | 66 | 17,160 |
Urban Outfitters, Inc. * | 2,302 | 106,997 |
Williams-Sonoma, Inc. | 1,824 | 128,100 |
Zumiez, Inc. * | 711 | 22,148 |
14,800,606 | ||
Semiconductors & Semiconductor Equipment 2.9% | ||
Advanced Energy Industries, Inc. * | 172 | 10,248 |
Amkor Technology, Inc. * | 2,055 | 17,940 |
Analog Devices, Inc. | 1,527 | 150,944 |
Applied Materials, Inc. | 5,632 | 242,289 |
Broadcom, Inc. | 477 | 104,477 |
Brooks Automation, Inc. | 462 | 18,207 |
Cabot Microelectronics Corp. | 195 | 21,982 |
Cirrus Logic, Inc. * | 571 | 25,095 |
Cree, Inc. * | 1,243 | 59,801 |
Cypress Semiconductor Corp. | 2,374 | 40,857 |
Diodes, Inc. * | 389 | 14,751 |
Entegris, Inc. | 558 | 18,916 |
First Solar, Inc. * | 916 | 47,705 |
Integrated Device Technology, Inc. * | 744 | 31,613 |
Intel Corp. | 62,529 | 3,028,279 |
KLA-Tencor Corp. | 1,561 | 181,404 |
Lam Research Corp. | 726 | 125,663 |
Marvell Technology Group Ltd. | 5,259 | 108,756 |
Maxim Integrated Products, Inc. | 2,033 | 122,936 |
Microchip Technology, Inc. | 836 | 71,921 |
Micron Technology, Inc. * | 7,036 | 369,531 |
MKS Instruments, Inc. | 231 | 21,460 |
Monolithic Power Systems, Inc. | 40 | 5,995 |
Security | Number of Shares | Value ($) |
NVIDIA Corp. | 691 | 193,950 |
NXP Semiconductor N.V. * | 1,091 | 101,616 |
ON Semiconductor Corp. * | 2,604 | 55,569 |
Photronics, Inc. * | 1,148 | 12,284 |
Power Integrations, Inc. | 161 | 11,809 |
Qorvo, Inc. * | 1,551 | 124,220 |
QUALCOMM, Inc. | 20,722 | 1,423,809 |
Semtech Corp. * | 279 | 16,670 |
Silicon Laboratories, Inc. * | 205 | 20,090 |
Skyworks Solutions, Inc. | 831 | 75,870 |
Synaptics, Inc. * | 472 | 22,779 |
Teradyne, Inc. | 1,226 | 50,499 |
Texas Instruments, Inc. | 6,791 | 763,308 |
Versum Materials, Inc. | 519 | 20,651 |
Xilinx, Inc. | 1,688 | 131,377 |
Xperi Corp. | 604 | 9,483 |
7,874,754 | ||
Software & Services 7.4% | ||
Accenture plc, Class A | 4,568 | 772,312 |
ACI Worldwide, Inc. * | 736 | 20,910 |
Activision Blizzard, Inc. | 4,113 | 296,547 |
Acxiom Corp. * | 762 | 34,816 |
Adobe Systems, Inc. * | 684 | 180,241 |
Akamai Technologies, Inc. * | 1,154 | 86,712 |
Alliance Data Systems Corp. | 452 | 107,838 |
Alphabet, Inc., Class A * | 813 | 1,001,453 |
Alphabet, Inc., Class C * | 819 | 997,698 |
Amdocs Ltd. | 1,810 | 118,157 |
ANSYS, Inc. * | 291 | 54,120 |
Aspen Technology, Inc. * | 182 | 20,996 |
Autodesk, Inc. * | 463 | 71,464 |
Automatic Data Processing, Inc. | 2,404 | 352,787 |
Avaya Holdings Corp. * | 234 | 5,466 |
Black Knight, Inc. * | 100 | 5,340 |
Booz Allen Hamilton Holding Corp. | 1,902 | 97,306 |
Broadridge Financial Solutions, Inc. | 685 | 92,571 |
CA, Inc. | 4,826 | 211,379 |
CACI International, Inc., Class A * | 386 | 75,270 |
Cadence Design Systems, Inc. * | 715 | 33,634 |
Cardtronics plc, Class A * | 711 | 24,949 |
Cars.com, Inc. * | 1,157 | 31,135 |
CDK Global, Inc. | 676 | 42,128 |
Citrix Systems, Inc. * | 1,025 | 116,870 |
Cognizant Technology Solutions Corp., Class A | 3,218 | 252,388 |
CommVault Systems, Inc. * | 192 | 13,373 |
Conduent, Inc. * | 1,052 | 24,385 |
Convergys Corp. | 2,145 | 53,046 |
CoreLogic, Inc. * | 863 | 43,875 |
CSG Systems International, Inc. | 315 | 11,765 |
DXC Technology Co. | 765 | 69,684 |
eBay, Inc. * | 6,208 | 214,859 |
Electronic Arts, Inc. * | 876 | 99,347 |
EPAM Systems, Inc. * | 100 | 14,293 |
Euronet Worldwide, Inc. * | 288 | 28,166 |
EVERTEC, Inc. | 588 | 14,141 |
ExlService Holdings, Inc. * | 174 | 11,150 |
Facebook, Inc., Class A * | 1,940 | 340,916 |
Fair Isaac Corp. * | 161 | 37,188 |
Fidelity National Information Services, Inc. | 1,955 | 211,472 |
First Data Corp., Class A * | 3,451 | 88,760 |
Fiserv, Inc. * | 2,900 | 232,203 |
FleetCor Technologies, Inc. * | 172 | 36,763 |
Gartner, Inc. * | 325 | 48,672 |
Genpact Ltd. | 1,275 | 39,066 |
Global Payments, Inc. | 602 | 74,997 |
Security | Number of Shares | Value ($) |
IAC/InterActiveCorp * | 476 | 93,867 |
International Business Machines Corp. | 18,407 | 2,696,257 |
Intuit, Inc. | 1,295 | 284,214 |
j2 Global, Inc. | 286 | 23,615 |
Jack Henry & Associates, Inc. | 429 | 67,971 |
Leidos Holdings, Inc. | 1,498 | 106,013 |
Manhattan Associates, Inc. * | 415 | 24,066 |
ManTech International Corp., Class A | 578 | 38,333 |
Mastercard, Inc., Class A | 3,050 | 657,458 |
MAXIMUS, Inc. | 429 | 28,529 |
Microsoft Corp. | 43,679 | 4,906,462 |
MicroStrategy, Inc., Class A * | 40 | 5,960 |
Nuance Communications, Inc. * | 1,529 | 24,953 |
Oracle Corp. | 30,524 | 1,482,856 |
Paychex, Inc. | 1,900 | 139,175 |
PayPal Holdings, Inc. * | 1,979 | 182,721 |
Perficient, Inc. * | 193 | 5,545 |
Progress Software Corp. | 429 | 17,559 |
PTC, Inc. * | 396 | 39,576 |
Red Hat, Inc. * | 380 | 56,137 |
Sabre Corp. | 1,127 | 29,426 |
salesforce.com, Inc. * | 396 | 60,461 |
Science Applications International Corp. | 527 | 47,546 |
SS&C Technologies Holdings, Inc. | 384 | 22,787 |
Sykes Enterprises, Inc. * | 715 | 21,622 |
Symantec Corp. | 11,061 | 222,990 |
Synopsys, Inc. * | 519 | 53,011 |
Syntel, Inc. * | 461 | 18,781 |
Take-Two Interactive Software, Inc. * | 226 | 30,185 |
Teradata Corp. * | 2,510 | 104,090 |
The Western Union Co. | 8,833 | 167,120 |
TiVo Corp. | 1,614 | 22,031 |
Total System Services, Inc. | 882 | 85,677 |
Travelport Worldwide Ltd. | 1,648 | 30,603 |
Twitter, Inc. * | 550 | 19,349 |
Tyler Technologies, Inc. * | 15 | 3,704 |
Unisys Corp. * | 1,936 | 36,010 |
Verint Systems, Inc. * | 420 | 20,391 |
VeriSign, Inc. * | 424 | 67,251 |
Visa, Inc., Class A | 5,797 | 851,521 |
VMware, Inc., Class A * | 257 | 39,388 |
WEX, Inc. * | 138 | 26,250 |
Worldpay, Inc., Class A * | 507 | 49,377 |
Zynga, Inc., Class A * | 3,525 | 14,664 |
19,738,110 | ||
Technology Hardware & Equipment 6.6% | ||
ADTRAN, Inc. | 1,204 | 20,709 |
Amphenol Corp., Class A | 1,551 | 146,694 |
Anixter International, Inc. * | 728 | 52,489 |
Apple, Inc. | 43,282 | 9,852,282 |
Arista Networks, Inc. * | 10 | 2,990 |
ARRIS International plc * | 1,522 | 39,435 |
Arrow Electronics, Inc. * | 2,620 | 203,129 |
Avnet, Inc. | 6,496 | 314,406 |
AVX Corp. | 635 | 13,430 |
Belden, Inc. | 429 | 31,197 |
Benchmark Electronics, Inc. | 1,511 | 39,059 |
CDW Corp. | 1,042 | 91,238 |
Ciena Corp. * | 452 | 14,274 |
Cisco Systems, Inc. | 45,535 | 2,175,207 |
Cognex Corp. | 294 | 15,817 |
Coherent, Inc. * | 89 | 16,963 |
CommScope Holding Co., Inc. * | 1,663 | 52,701 |
Comtech Telecommunications Corp. | 954 | 34,201 |
Corning, Inc. | 15,542 | 520,812 |
Cray, Inc. * | 459 | 9,960 |
Security | Number of Shares | Value ($) |
Diebold Nixdorf, Inc. | 1,420 | 6,745 |
Dolby Laboratories, Inc., Class A | 463 | 32,498 |
EchoStar Corp., Class A * | 573 | 27,504 |
Electronics For Imaging, Inc. * | 481 | 16,734 |
ePlus, Inc. * | 160 | 16,584 |
F5 Networks, Inc. * | 581 | 109,879 |
Fabrinet * | 438 | 20,967 |
Finisar Corp. * | 1,063 | 21,685 |
Fitbit, Inc., Class A * | 619 | 3,726 |
FLIR Systems, Inc. | 1,191 | 74,723 |
Hewlett Packard Enterprise Co. | 30,227 | 499,652 |
HP, Inc. | 26,403 | 650,834 |
II-VI, Inc. * | 381 | 18,955 |
Infinera Corp. * | 240 | 2,148 |
Insight Enterprises, Inc. * | 1,287 | 70,965 |
InterDigital, Inc. | 352 | 29,075 |
IPG Photonics Corp. * | 78 | 13,687 |
Itron, Inc. * | 259 | 17,198 |
Jabil, Inc. | 5,004 | 147,918 |
Juniper Networks, Inc. | 7,074 | 201,114 |
Keysight Technologies, Inc. * | 1,106 | 71,768 |
Knowles Corp. * | 1,394 | 25,273 |
Littelfuse, Inc. | 112 | 25,039 |
Lumentum Holdings, Inc. * | 210 | 14,259 |
Methode Electronics, Inc. | 304 | 12,054 |
Motorola Solutions, Inc. | 3,476 | 446,179 |
MTS Systems Corp. | 253 | 13,687 |
National Instruments Corp. | 572 | 27,313 |
NCR Corp. * | 1,623 | 46,109 |
NetApp, Inc. | 3,322 | 288,383 |
NETGEAR, Inc. * | 549 | 38,897 |
NetScout Systems, Inc. * | 651 | 16,275 |
OSI Systems, Inc. * | 196 | 15,267 |
Plantronics, Inc. | 585 | 39,324 |
Plexus Corp. * | 591 | 37,404 |
Rogers Corp. * | 100 | 13,807 |
Sanmina Corp. * | 2,021 | 62,247 |
ScanSource, Inc. * | 957 | 38,902 |
SYNNEX Corp. | 628 | 60,897 |
Tech Data Corp. * | 1,770 | 128,768 |
Trimble, Inc. * | 1,093 | 46,015 |
TTM Technologies, Inc. * | 1,174 | 21,954 |
ViaSat, Inc. * | 309 | 19,411 |
Viavi Solutions, Inc. * | 1,620 | 18,144 |
Vishay Intertechnology, Inc. | 2,307 | 54,907 |
Western Digital Corp. | 3,995 | 252,644 |
Xerox Corp. | 6,108 | 170,169 |
Zebra Technologies Corp., Class A * | 164 | 28,165 |
17,662,845 | ||
Telecommunication Services 3.2% | ||
AT&T, Inc. | 122,626 | 3,916,675 |
CenturyLink, Inc. | 39,606 | 845,984 |
Cincinnati Bell, Inc. * | 1,242 | 16,146 |
Cogent Communications Holdings, Inc. | 249 | 13,620 |
Consolidated Communications Holdings, Inc. | 1,442 | 17,030 |
Frontier Communications Corp. (a) | 19,604 | 101,941 |
Intelsat S.A. * | 294 | 6,459 |
Iridium Communications, Inc. * | 828 | 16,767 |
Shenandoah Telecommunications Co. | 153 | 5,837 |
Sprint Corp. * | 11,497 | 70,247 |
T-Mobile US, Inc. * | 1,944 | 128,382 |
Telephone & Data Systems, Inc. | 3,256 | 97,810 |
United States Cellular Corp. * | 364 | 15,565 |
Verizon Communications, Inc. | 60,198 | 3,272,965 |
Vonage Holdings Corp. * | 1,485 | 21,057 |
Security | Number of Shares | Value ($) |
Windstream Holdings, Inc. * | 7,833 | 36,893 |
Zayo Group Holdings, Inc. * | 475 | 16,464 |
8,599,842 | ||
Transportation 2.3% | ||
Air Transport Services Group, Inc. * | 414 | 8,425 |
Alaska Air Group, Inc. | 1,549 | 104,542 |
Allegiant Travel Co. | 181 | 24,661 |
AMERCO | 51 | 19,119 |
American Airlines Group, Inc. | 7,439 | 301,131 |
ArcBest Corp. | 777 | 37,374 |
Atlas Air Worldwide Holdings, Inc. * | 438 | 26,674 |
Avis Budget Group, Inc. * | 2,902 | 90,281 |
C.H. Robinson Worldwide, Inc. | 2,117 | 203,401 |
Copa Holdings S.A., Class A | 388 | 31,017 |
Costamare, Inc. | 622 | 4,373 |
CSX Corp. | 7,810 | 579,190 |
Delta Air Lines, Inc. | 2,102 | 122,925 |
Echo Global Logistics, Inc. * | 536 | 17,795 |
Expeditors International of Washington, Inc. | 2,451 | 179,609 |
FedEx Corp. | 3,090 | 753,806 |
Forward Air Corp. | 286 | 18,378 |
Genesee & Wyoming, Inc., Class A * | 454 | 39,902 |
Hawaiian Holdings, Inc. | 586 | 24,319 |
Heartland Express, Inc. | 549 | 11,227 |
Hertz Global Holdings, Inc. * | 7,176 | 126,369 |
Hub Group, Inc., Class A * | 848 | 44,817 |
J.B. Hunt Transport Services, Inc. | 715 | 86,336 |
JetBlue Airways Corp. * | 4,420 | 84,334 |
Kansas City Southern | 790 | 91,608 |
Kirby Corp. * | 751 | 65,562 |
Knight-Swift Transportation Holdings, Inc. | 1,084 | 36,997 |
Landstar System, Inc. | 467 | 54,079 |
Macquarie Infrastructure Corp. | 825 | 38,808 |
Marten Transport Ltd. | 537 | 11,841 |
Matson, Inc. | 668 | 24,957 |
Norfolk Southern Corp. | 2,925 | 508,482 |
Old Dominion Freight Line, Inc. | 411 | 62,636 |
Ryder System, Inc. | 1,433 | 110,112 |
Saia, Inc. * | 267 | 21,160 |
Schneider National, Inc., Class B | 120 | 3,246 |
SkyWest, Inc. | 833 | 54,395 |
Southwest Airlines Co. | 1,523 | 93,360 |
Spirit Airlines, Inc. * | 920 | 43,718 |
Union Pacific Corp. | 8,466 | 1,275,149 |
United Continental Holdings, Inc. * | 1,315 | 114,957 |
United Parcel Service, Inc., Class B | 4,852 | 596,214 |
Werner Enterprises, Inc. | 809 | 29,973 |
XPO Logistics, Inc. * | 222 | 23,643 |
YRC Worldwide, Inc. * | 878 | 8,403 |
6,209,305 | ||
Utilities 3.6% | ||
AES Corp. | 26,330 | 354,402 |
ALLETE, Inc. | 429 | 32,209 |
Alliant Energy Corp. | 2,196 | 94,077 |
Ameren Corp. | 3,001 | 189,753 |
American Electric Power Co., Inc. | 6,150 | 441,139 |
American States Water Co. | 286 | 17,283 |
American Water Works Co., Inc. | 1,334 | 116,765 |
Aqua America, Inc. | 953 | 35,433 |
Atmos Energy Corp. | 911 | 84,022 |
Avangrid, Inc. | 349 | 17,220 |
Avista Corp. | 720 | 36,943 |
Black Hills Corp. | 584 | 34,368 |
California Water Service Group | 429 | 17,653 |
Security | Number of Shares | Value ($) |
CenterPoint Energy, Inc. | 5,985 | 166,323 |
Chesapeake Utilities Corp. | 60 | 5,160 |
CMS Energy Corp. | 3,007 | 148,065 |
Consolidated Edison, Inc. | 3,950 | 311,773 |
Dominion Energy, Inc. | 5,577 | 394,684 |
DTE Energy Co. | 2,105 | 233,950 |
Duke Energy Corp. | 9,264 | 752,607 |
Edison International | 4,167 | 273,897 |
El Paso Electric Co. | 429 | 26,298 |
Entergy Corp. | 3,335 | 278,773 |
Evergy, Inc. | 2,945 | 168,012 |
Eversource Energy | 3,277 | 204,583 |
Exelon Corp. | 16,175 | 707,009 |
FirstEnergy Corp. | 9,112 | 340,607 |
Hawaiian Electric Industries, Inc. | 1,475 | 52,023 |
IDACORP, Inc. | 429 | 41,978 |
MDU Resources Group, Inc. | 2,762 | 77,032 |
MGE Energy, Inc. | 288 | 18,850 |
National Fuel Gas Co. | 799 | 44,368 |
New Jersey Resources Corp. | 924 | 42,134 |
NextEra Energy, Inc. | 3,411 | 580,211 |
NiSource, Inc. | 2,670 | 72,277 |
Northwest Natural Gas Co. | 364 | 23,624 |
NorthWestern Corp. | 487 | 29,200 |
NRG Energy, Inc. | 4,239 | 150,018 |
OGE Energy Corp. | 2,346 | 86,403 |
ONE Gas, Inc. | 457 | 35,888 |
Ormat Technologies, Inc. | 204 | 10,741 |
Otter Tail Corp. | 304 | 14,562 |
Pattern Energy Group, Inc., Class A | 173 | 3,526 |
PG&E Corp. | 7,688 | 355,032 |
Pinnacle West Capital Corp. | 1,403 | 110,206 |
PNM Resources, Inc. | 1,144 | 44,559 |
Portland General Electric Co. | 1,158 | 53,731 |
PPL Corp. | 10,386 | 308,880 |
Public Service Enterprise Group, Inc. | 6,927 | 362,628 |
SCANA Corp. | 2,822 | 108,195 |
Sempra Energy | 2,411 | 279,869 |
South Jersey Industries, Inc. | 613 | 20,339 |
Southwest Gas Holdings, Inc. | 187 | 14,459 |
Spire, Inc. | 371 | 27,658 |
The Southern Co. | 12,805 | 560,603 |
UGI Corp. | 2,071 | 111,938 |
Vectren Corp. | 893 | 63,582 |
Vistra Energy Corp. * | 1,776 | 41,807 |
WEC Energy Group, Inc. | 2,431 | 164,287 |
Xcel Energy, Inc. | 5,727 | 275,182 |
9,668,798 | ||
Total Common Stock | ||
(Cost $219,880,601) | 268,109,203 | |
Rights 0.0% of net assets | ||
Materials 0.0% | ||
A. Schulman, Inc. CVR *(c) | 469 | 938 |
Total Rights | ||
(Cost $895) | 938 | |
Security | Number of Shares | Value ($) |
Other Investment Companies 0.3% of net assets | ||
Money Market Fund 0.1% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.87% (d) | 242,096 | 242,096 |
Securities Lending Collateral 0.2% | ||
Wells Fargo Government Money Market Fund, Select Class 1.87% (d) | 555,595 | 555,595 |
Total Other Investment Companies | ||
(Cost $797,691) | 797,691 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Appreciation ($) | ||||
Futures Contracts | ||||||
Long | ||||||
S&P 500 Index, e-mini, expires 09/21/18 | 4 | 580,420 | 12,870 |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $530,811. |
(b) | Issuer is affiliated with the fund’s investment adviser. |
(c) | Fair-valued by management using significant unobservable inputs in accordance with procedures approved by the fund’s Board of Trustees. |
(d) | The rate shown is the 7-day yield. |
CVR — | Contingent Value Rights |
REIT — | Real Estate Investment Trust |
Security | Number of Shares | Value ($) |
Common Stock 99.8% of net assets | ||
Automobiles & Components 1.4% | ||
Adient plc | 67,558 | 2,924,586 |
Aptiv plc | 47,749 | 4,202,390 |
BorgWarner, Inc. | 55,131 | 2,413,084 |
Cooper Tire & Rubber Co. | 33,573 | 968,581 |
Dana, Inc. | 44,920 | 879,084 |
Ford Motor Co. | 1,882,430 | 17,845,436 |
General Motors Co. | 601,703 | 21,691,393 |
Gentex Corp. | 44,292 | 1,035,547 |
Harley-Davidson, Inc. | 68,831 | 2,933,577 |
Lear Corp. | 19,600 | 3,179,120 |
Tenneco, Inc. | 20,156 | 862,475 |
The Goodyear Tire & Rubber Co. | 130,274 | 2,955,917 |
Thor Industries, Inc. | 10,476 | 999,830 |
Visteon Corp. * | 13,838 | 1,527,577 |
64,418,597 | ||
Banks 4.8% | ||
Bank of America Corp. | 862,875 | 26,688,724 |
BB&T Corp. | 109,561 | 5,659,921 |
CIT Group, Inc. | 35,447 | 1,922,645 |
Citigroup, Inc. | 442,464 | 31,521,135 |
Citizens Financial Group, Inc. | 66,714 | 2,745,948 |
Comerica, Inc. | 19,505 | 1,901,347 |
Fifth Third Bancorp | 135,901 | 3,999,567 |
First Republic Bank | 8,982 | 912,481 |
Huntington Bancshares, Inc. | 114,672 | 1,858,833 |
JPMorgan Chase & Co. | 501,379 | 57,448,006 |
KeyCorp | 118,297 | 2,492,518 |
M&T Bank Corp. | 15,967 | 2,828,554 |
New York Community Bancorp, Inc. | 125,818 | 1,355,060 |
People's United Financial, Inc. | 58,827 | 1,088,888 |
Regions Financial Corp. | 168,671 | 3,282,338 |
SunTrust Banks, Inc. | 73,455 | 5,403,350 |
The PNC Financial Services Group, Inc. | 65,307 | 9,374,167 |
U.S. Bancorp | 273,512 | 14,799,734 |
Wells Fargo & Co. | 915,634 | 53,546,276 |
228,829,492 | ||
Capital Goods 7.6% | ||
3M Co. | 97,038 | 20,467,255 |
AECOM * | 49,952 | 1,680,385 |
AGCO Corp. | 34,683 | 2,069,188 |
Allison Transmission Holdings, Inc. | 27,344 | 1,357,903 |
AMETEK, Inc. | 27,064 | 2,082,845 |
Carlisle Cos., Inc. | 12,224 | 1,550,125 |
Caterpillar, Inc. | 128,753 | 17,877,354 |
Cummins, Inc. | 47,607 | 6,750,673 |
Deere & Co. | 93,743 | 13,480,243 |
Donaldson Co., Inc. | 22,502 | 1,138,601 |
Dover Corp. | 39,033 | 3,351,764 |
Eaton Corp. plc | 107,861 | 8,967,564 |
EMCOR Group, Inc. | 17,669 | 1,415,287 |
Emerson Electric Co. | 186,960 | 14,345,441 |
Security | Number of Shares | Value ($) |
Fastenal Co. | 49,710 | 2,901,076 |
Flowserve Corp. | 53,784 | 2,803,222 |
Fluor Corp. | 120,826 | 6,936,621 |
Fortive Corp. | 34,648 | 2,909,739 |
Fortune Brands Home & Security, Inc. | 22,608 | 1,197,772 |
GATX Corp. | 13,670 | 1,154,432 |
General Dynamics Corp. | 52,740 | 10,199,916 |
General Electric Co. | 3,077,524 | 39,823,161 |
Harris Corp. | 17,333 | 2,816,786 |
HD Supply Holdings, Inc. * | 20,952 | 955,202 |
Honeywell International, Inc. | 106,194 | 16,891,218 |
Hubbell, Inc. | 13,381 | 1,690,823 |
Huntington Ingalls Industries, Inc. | 6,476 | 1,583,188 |
IDEX Corp. | 9,302 | 1,425,159 |
Illinois Tool Works, Inc. | 73,568 | 10,217,124 |
Ingersoll-Rand plc | 47,655 | 4,826,975 |
Jacobs Engineering Group, Inc. | 49,517 | 3,599,391 |
Johnson Controls International plc | 115,886 | 4,377,014 |
L3 Technologies, Inc. | 5,488 | 1,172,895 |
Lincoln Electric Holdings, Inc. | 15,217 | 1,432,833 |
Lockheed Martin Corp. | 37,055 | 11,872,793 |
Masco Corp. | 32,304 | 1,226,583 |
MSC Industrial Direct Co., Inc., Class A | 12,762 | 1,090,896 |
Northrop Grumman Corp. | 35,068 | 10,467,447 |
Oshkosh Corp. | 25,905 | 1,820,085 |
Owens Corning | 24,704 | 1,398,740 |
PACCAR, Inc. | 91,423 | 6,255,162 |
Parker-Hannifin Corp. | 31,124 | 5,465,374 |
Pentair plc | 32,604 | 1,417,622 |
Quanta Services, Inc. * | 71,232 | 2,463,915 |
Raytheon Co. | 50,045 | 9,980,975 |
Regal Beloit Corp. | 13,469 | 1,127,355 |
Rockwell Automation, Inc. | 18,247 | 3,301,977 |
Rockwell Collins, Inc. | 17,798 | 2,419,638 |
Roper Technologies, Inc. | 6,870 | 2,049,802 |
Snap-on, Inc. | 10,698 | 1,891,192 |
Spirit AeroSystems Holdings, Inc., Class A | 17,697 | 1,513,093 |
Stanley Black & Decker, Inc. | 27,163 | 3,817,216 |
Terex Corp. | 31,392 | 1,216,440 |
Textron, Inc. | 56,901 | 3,927,876 |
The Boeing Co. | 65,491 | 22,449,660 |
The Timken Co. | 27,135 | 1,320,118 |
TransDigm Group, Inc. * | 7,090 | 2,481,500 |
Trinity Industries, Inc. | 57,476 | 2,059,940 |
United Rentals, Inc. * | 19,355 | 3,016,864 |
United Technologies Corp. | 197,130 | 25,962,021 |
Valmont Industries, Inc. | 7,411 | 1,040,504 |
W.W. Grainger, Inc. | 18,092 | 6,405,834 |
WABCO Holdings, Inc. * | 8,038 | 989,317 |
Wabtec Corp. | 13,828 | 1,497,849 |
Watsco, Inc. | 6,063 | 1,060,964 |
WESCO International, Inc. * | 26,728 | 1,634,417 |
Xylem, Inc. | 20,615 | 1,564,885 |
361,657,229 | ||
Commercial & Professional Services 0.6% | ||
ABM Industries, Inc. | 26,778 | 849,398 |
Cintas Corp. | 13,414 | 2,862,145 |
Security | Number of Shares | Value ($) |
Equifax, Inc. | 13,369 | 1,791,045 |
IHS Markit Ltd. * | 17,458 | 960,190 |
KAR Auction Services, Inc. | 20,411 | 1,279,566 |
ManpowerGroup, Inc. | 34,878 | 3,269,115 |
Nielsen Holdings plc | 79,669 | 2,071,394 |
Pitney Bowes, Inc. | 120,975 | 878,278 |
Republic Services, Inc. | 43,564 | 3,195,855 |
Robert Half International, Inc. | 34,681 | 2,711,361 |
The Dun & Bradstreet Corp. | 8,781 | 1,254,980 |
Verisk Analytics, Inc. * | 9,676 | 1,152,315 |
Waste Management, Inc. | 77,524 | 7,046,932 |
29,322,574 | ||
Consumer Durables & Apparel 1.4% | ||
Brunswick Corp. | 17,258 | 1,146,276 |
Carter's, Inc. | 10,267 | 1,087,583 |
D.R. Horton, Inc. | 46,242 | 2,058,231 |
Fossil Group, Inc. * | 151,902 | 3,443,618 |
Garmin Ltd. | 25,644 | 1,747,382 |
Hanesbrands, Inc. | 66,030 | 1,158,166 |
Hasbro, Inc. | 20,006 | 1,986,796 |
Leggett & Platt, Inc. | 34,219 | 1,554,911 |
Lennar Corp., Class A | 31,992 | 1,653,027 |
Mattel, Inc. * | 194,669 | 3,003,743 |
Michael Kors Holdings Ltd. * | 43,748 | 3,176,980 |
Mohawk Industries, Inc. * | 7,695 | 1,474,285 |
Newell Brands, Inc. | 54,900 | 1,192,428 |
NIKE, Inc., Class B | 207,049 | 17,019,428 |
NVR, Inc. * | 576 | 1,537,027 |
Polaris Industries, Inc. | 15,791 | 1,712,534 |
PulteGroup, Inc. | 63,184 | 1,765,993 |
PVH Corp. | 14,284 | 2,044,898 |
Ralph Lauren Corp. | 27,644 | 3,671,400 |
Tapestry, Inc. | 83,420 | 4,228,560 |
VF Corp. | 65,961 | 6,076,987 |
Whirlpool Corp. | 24,195 | 3,023,891 |
65,764,144 | ||
Consumer Services 1.6% | ||
Aramark | 49,790 | 2,045,373 |
Brinker International, Inc. | 28,863 | 1,278,054 |
Carnival Corp. | 80,880 | 4,973,311 |
Chipotle Mexican Grill, Inc. * | 5,209 | 2,475,213 |
Darden Restaurants, Inc. | 24,687 | 2,864,680 |
Domino's Pizza, Inc. | 4,394 | 1,311,873 |
H&R Block, Inc. | 56,557 | 1,530,432 |
Hilton Worldwide Holdings, Inc. | 14,464 | 1,122,696 |
Las Vegas Sands Corp. | 63,845 | 4,176,740 |
Marriott International, Inc., Class A | 25,221 | 3,189,700 |
McDonald's Corp. | 157,308 | 25,520,077 |
MGM Resorts International | 71,666 | 2,077,597 |
Norwegian Cruise Line Holdings Ltd. * | 15,964 | 855,830 |
Royal Caribbean Cruises Ltd. | 21,302 | 2,611,199 |
Service Corp. International | 27,890 | 1,170,264 |
Starbucks Corp. | 140,905 | 7,531,372 |
The Wendy's Co. | 65,426 | 1,154,769 |
Wyndham Destinations, Inc. | 26,797 | 1,184,427 |
Wyndham Hotels & Resorts, Inc. | 27,011 | 1,532,874 |
Wynn Resorts Ltd. | 14,213 | 2,108,356 |
Yum China Holdings, Inc. | 53,198 | 2,057,699 |
Yum! Brands, Inc. | 62,768 | 5,453,912 |
78,226,448 | ||
Security | Number of Shares | Value ($) |
Diversified Financials 4.6% | ||
Affiliated Managers Group, Inc. | 6,126 | 894,947 |
AGNC Investment Corp. | 71,015 | 1,350,705 |
Ally Financial, Inc. | 235,117 | 6,319,945 |
American Express Co. | 177,649 | 18,827,241 |
Ameriprise Financial, Inc. | 41,032 | 5,824,903 |
Annaly Capital Management, Inc. | 202,330 | 2,148,745 |
Berkshire Hathaway, Inc., Class B * | 267,531 | 55,839,070 |
BlackRock, Inc. | 12,874 | 6,167,418 |
Capital One Financial Corp. | 148,201 | 14,685,237 |
CME Group, Inc. | 25,744 | 4,498,249 |
Discover Financial Services | 116,927 | 9,134,337 |
Franklin Resources, Inc. | 117,550 | 3,731,037 |
Intercontinental Exchange, Inc. | 27,298 | 2,080,927 |
Invesco Ltd. | 95,969 | 2,312,853 |
Jefferies Financial Group, Inc. | 59,242 | 1,375,599 |
Lazard Ltd., Class A | 16,364 | 787,763 |
Legg Mason, Inc. | 42,066 | 1,312,459 |
LPL Financial Holdings, Inc. | 22,499 | 1,490,334 |
Moody's Corp. | 16,656 | 2,965,101 |
Morgan Stanley | 121,304 | 5,923,274 |
MSCI, Inc. | 8,417 | 1,517,248 |
Nasdaq, Inc. | 13,281 | 1,267,539 |
Navient Corp. | 253,997 | 3,464,519 |
Northern Trust Corp. | 21,660 | 2,327,584 |
Raymond James Financial, Inc. | 12,226 | 1,137,507 |
S&P Global, Inc. | 19,901 | 4,120,502 |
Santander Consumer USA Holdings, Inc. | 73,594 | 1,588,159 |
SEI Investments Co. | 14,790 | 932,953 |
SLM Corp. * | 149,538 | 1,752,585 |
State Street Corp. | 58,615 | 5,094,230 |
Synchrony Financial | 190,845 | 6,044,061 |
T. Rowe Price Group, Inc. | 44,966 | 5,211,110 |
TD Ameritrade Holding Corp. | 23,672 | 1,386,469 |
The Bank of New York Mellon Corp. | 145,365 | 7,580,785 |
The Charles Schwab Corp. (b) | 48,906 | 2,483,936 |
The Goldman Sachs Group, Inc. | 85,552 | 20,345,121 |
Voya Financial, Inc. | 55,626 | 2,785,194 |
Waddell & Reed Financial, Inc., Class A | 50,588 | 1,012,772 |
217,722,418 | ||
Energy 13.2% | ||
Anadarko Petroleum Corp. | 125,134 | 8,058,630 |
Andeavor | 66,009 | 10,085,515 |
Apache Corp. | 159,701 | 6,999,695 |
Baker Hughes a GE Co. | 230,947 | 7,614,323 |
Chevron Corp. | 855,960 | 101,397,022 |
CNX Resources Corp. * | 72,494 | 1,155,554 |
Concho Resources, Inc. * | 10,941 | 1,500,558 |
ConocoPhillips | 627,170 | 46,053,093 |
Devon Energy Corp. | 98,123 | 4,212,420 |
EOG Resources, Inc. | 68,442 | 8,091,898 |
EQT Corp. | 23,304 | 1,188,970 |
Exxon Mobil Corp. | 2,154,055 | 172,690,589 |
Halliburton Co. | 250,677 | 9,999,506 |
Helmerich & Payne, Inc. | 41,479 | 2,719,778 |
Hess Corp. | 205,485 | 13,837,360 |
HollyFrontier Corp. | 162,360 | 12,099,067 |
Kinder Morgan, Inc. | 532,786 | 9,430,312 |
Marathon Oil Corp. | 561,841 | 12,085,200 |
Marathon Petroleum Corp. | 286,594 | 23,583,820 |
Murphy Oil Corp. | 148,294 | 4,571,904 |
Nabors Industries Ltd. | 343,483 | 2,119,290 |
National Oilwell Varco, Inc. | 244,090 | 11,489,316 |
Noble Corp. plc * | 532,888 | 3,250,617 |
Noble Energy, Inc. | 108,560 | 3,226,403 |
Security | Number of Shares | Value ($) |
Occidental Petroleum Corp. | 245,227 | 19,586,280 |
Oceaneering International, Inc. * | 78,726 | 2,225,584 |
ONEOK, Inc. | 37,537 | 2,474,064 |
Patterson-UTI Energy, Inc. | 77,950 | 1,335,284 |
PBF Energy, Inc., Class A | 71,300 | 3,701,896 |
Phillips 66 | 287,010 | 34,013,555 |
Pioneer Natural Resources Co. | 13,715 | 2,396,010 |
QEP Resources, Inc. * | 142,500 | 1,420,725 |
Rowan Cos. plc, Class A * | 62,544 | 878,118 |
Schlumberger Ltd. | 382,658 | 24,168,679 |
SM Energy Co. | 60,002 | 1,805,460 |
Targa Resources Corp. | 27,453 | 1,511,837 |
The Williams Cos., Inc. | 181,553 | 5,372,153 |
Transocean Ltd. * | 376,578 | 4,560,360 |
Valero Energy Corp. | 331,244 | 39,047,043 |
Weatherford International plc * | 790,870 | 1,913,905 |
World Fuel Services Corp. | 218,792 | 6,132,740 |
630,004,533 | ||
Food & Staples Retailing 3.1% | ||
Casey's General Stores, Inc. | 13,634 | 1,556,594 |
Costco Wholesale Corp. | 117,485 | 27,389,278 |
Performance Food Group Co. * | 26,934 | 891,515 |
Rite Aid Corp. *(a) | 738,674 | 1,011,983 |
SpartanNash Co. | 43,098 | 920,142 |
Sysco Corp. | 139,951 | 10,471,134 |
The Kroger Co. | 577,334 | 18,186,021 |
United Natural Foods, Inc. * | 34,639 | 1,230,031 |
US Foods Holding Corp. * | 54,081 | 1,762,500 |
Walgreens Boots Alliance, Inc. | 262,905 | 18,024,767 |
Walmart, Inc. | 711,056 | 68,161,828 |
149,605,793 | ||
Food, Beverage & Tobacco 4.1% | ||
Altria Group, Inc. | 295,080 | 17,268,082 |
Archer-Daniels-Midland Co. | 429,350 | 21,639,240 |
Brown-Forman Corp., Class B | 39,745 | 2,075,484 |
Bunge Ltd. | 125,957 | 8,184,686 |
Campbell Soup Co. | 36,352 | 1,434,086 |
Conagra Brands, Inc. | 77,785 | 2,858,599 |
Constellation Brands, Inc., Class A | 9,335 | 1,943,547 |
Dean Foods Co. | 70,226 | 535,122 |
Flowers Foods, Inc. | 48,180 | 970,827 |
General Mills, Inc. | 164,615 | 7,573,936 |
Hormel Foods Corp. | 53,372 | 2,089,514 |
Ingredion, Inc. | 17,227 | 1,741,133 |
Kellogg Co. | 51,553 | 3,700,990 |
McCormick & Co., Inc. Non-Voting Shares | 16,503 | 2,060,895 |
Molson Coors Brewing Co., Class B | 27,169 | 1,813,259 |
Mondelez International, Inc., Class A | 374,128 | 15,982,748 |
Monster Beverage Corp. * | 21,223 | 1,292,268 |
PepsiCo, Inc. | 268,365 | 30,059,564 |
Philip Morris International, Inc. | 317,250 | 24,710,602 |
Sanderson Farms, Inc. | 7,282 | 770,144 |
The Coca-Cola Co. | 678,648 | 30,247,341 |
The Hershey Co. | 22,327 | 2,244,310 |
The J.M. Smucker Co. | 28,731 | 2,970,211 |
The Kraft Heinz Co. | 85,199 | 4,964,546 |
Tyson Foods, Inc., Class A | 89,832 | 5,642,348 |
194,773,482 | ||
Health Care Equipment & Services 6.5% | ||
Abbott Laboratories | 202,721 | 13,549,872 |
Aetna, Inc. | 70,440 | 14,107,019 |
AmerisourceBergen Corp. | 28,418 | 2,556,767 |
Security | Number of Shares | Value ($) |
Anthem, Inc. | 91,425 | 24,202,940 |
Baxter International, Inc. | 58,968 | 4,385,450 |
Becton Dickinson & Co. | 27,501 | 7,201,687 |
Boston Scientific Corp. * | 64,701 | 2,300,768 |
Cardinal Health, Inc. | 190,434 | 9,938,750 |
Centene Corp. * | 19,755 | 2,893,712 |
Cerner Corp. * | 27,039 | 1,760,509 |
Cigna Corp. | 28,284 | 5,327,009 |
Community Health Systems, Inc. * | 359,198 | 1,393,688 |
CVS Health Corp. | 580,383 | 43,668,017 |
Danaher Corp. | 56,587 | 5,859,018 |
DaVita, Inc. * | 38,571 | 2,672,585 |
DENTSPLY SIRONA, Inc. | 23,479 | 937,282 |
Edwards Lifesciences Corp. * | 13,062 | 1,884,063 |
Express Scripts Holding Co. * | 336,496 | 29,618,378 |
HCA Healthcare, Inc. | 85,505 | 11,467,076 |
Henry Schein, Inc. * | 39,544 | 3,071,778 |
Humana, Inc. | 39,778 | 13,256,416 |
Intuitive Surgical, Inc. * | 5,024 | 2,813,440 |
Laboratory Corp. of America Holdings * | 12,843 | 2,220,169 |
LifePoint Health, Inc. * | 24,952 | 1,606,909 |
Magellan Health, Inc. * | 12,670 | 931,245 |
McKesson Corp. | 87,418 | 11,255,067 |
MEDNAX, Inc. * | 23,890 | 1,131,192 |
Medtronic plc | 193,755 | 18,679,920 |
Molina Healthcare, Inc. * | 11,781 | 1,625,778 |
Owens & Minor, Inc. | 83,063 | 1,410,410 |
Patterson Cos., Inc. | 44,628 | 1,006,361 |
Quest Diagnostics, Inc. | 36,981 | 4,067,170 |
ResMed, Inc. | 14,318 | 1,595,168 |
Stryker Corp. | 30,254 | 5,125,935 |
Tenet Healthcare Corp. * | 81,866 | 2,760,522 |
UnitedHealth Group, Inc. | 151,922 | 40,784,980 |
Universal Health Services, Inc., Class B | 21,921 | 2,853,237 |
Varian Medical Systems, Inc. * | 14,002 | 1,568,504 |
WellCare Health Plans, Inc. * | 8,343 | 2,524,342 |
Zimmer Biomet Holdings, Inc. | 26,032 | 3,218,336 |
309,231,469 | ||
Household & Personal Products 1.6% | ||
Church & Dwight Co., Inc. | 41,615 | 2,354,577 |
Colgate-Palmolive Co. | 133,206 | 8,846,210 |
Herbalife Nutrition Ltd. * | 32,178 | 1,820,953 |
Kimberly-Clark Corp. | 51,567 | 5,958,051 |
Nu Skin Enterprises, Inc., Class A | 17,211 | 1,369,996 |
The Clorox Co. | 17,372 | 2,518,592 |
The Estee Lauder Cos., Inc., Class A | 24,436 | 3,423,972 |
The Procter & Gamble Co. | 598,868 | 49,676,101 |
75,968,452 | ||
Insurance 3.5% | ||
Aflac, Inc. | 193,258 | 8,936,250 |
Alleghany Corp. | 2,971 | 1,877,018 |
American Financial Group, Inc. | 13,002 | 1,447,903 |
American International Group, Inc. | 512,306 | 27,239,310 |
Aon plc | 46,181 | 6,722,106 |
Arch Capital Group Ltd. * | 47,470 | 1,451,158 |
Arthur J. Gallagher & Co. | 22,045 | 1,590,326 |
Assurant, Inc. | 24,994 | 2,569,883 |
Assured Guaranty Ltd. | 49,642 | 2,022,415 |
Axis Capital Holdings Ltd. | 34,868 | 2,005,607 |
Chubb Ltd. | 55,566 | 7,514,746 |
Cincinnati Financial Corp. | 24,442 | 1,873,968 |
CNO Financial Group, Inc. | 65,100 | 1,406,811 |
Everest Re Group Ltd. | 12,185 | 2,717,499 |
Fidelity National Financial, Inc. | 51,898 | 2,081,110 |
Security | Number of Shares | Value ($) |
First American Financial Corp. | 20,982 | 1,193,037 |
Genworth Financial, Inc., Class A * | 521,233 | 2,423,734 |
Lincoln National Corp. | 48,623 | 3,188,696 |
Loews Corp. | 91,521 | 4,604,422 |
Markel Corp. * | 1,080 | 1,305,504 |
Marsh & McLennan Cos., Inc. | 72,323 | 6,120,696 |
MetLife, Inc. | 191,124 | 8,770,680 |
Old Republic International Corp. | 56,000 | 1,242,080 |
Principal Financial Group, Inc. | 45,233 | 2,496,409 |
Prudential Financial, Inc. | 79,904 | 7,850,568 |
Reinsurance Group of America, Inc. | 13,744 | 1,963,330 |
RenaissanceRe Holdings Ltd. | 12,706 | 1,689,390 |
The Allstate Corp. | 102,048 | 10,262,967 |
The Hartford Financial Services Group, Inc. | 105,535 | 5,315,798 |
The Progressive Corp. | 101,588 | 6,860,238 |
The Travelers Cos., Inc. | 134,927 | 17,756,393 |
Torchmark Corp. | 20,417 | 1,795,063 |
Unum Group | 46,724 | 1,723,181 |
W.R. Berkley Corp. | 22,455 | 1,757,328 |
White Mountains Insurance Group Ltd. | 1,386 | 1,286,139 |
Willis Towers Watson plc | 7,656 | 1,127,499 |
XL Group Ltd. | 61,718 | 3,541,996 |
165,731,258 | ||
Materials 3.3% | ||
Air Products & Chemicals, Inc. | 28,756 | 4,781,835 |
Albemarle Corp. | 13,619 | 1,300,887 |
Alcoa Corp. * | 97,773 | 4,367,520 |
AptarGroup, Inc. | 10,676 | 1,117,884 |
Ashland Global Holdings, Inc. | 29,044 | 2,445,505 |
Avery Dennison Corp. | 16,320 | 1,716,538 |
Ball Corp. | 51,267 | 2,147,062 |
Bemis Co., Inc. | 36,236 | 1,785,710 |
Celanese Corp., Series A | 19,139 | 2,236,009 |
CF Industries Holdings, Inc. | 97,456 | 5,062,839 |
Commercial Metals Co. | 68,447 | 1,478,455 |
Crown Holdings, Inc. * | 19,563 | 837,492 |
Domtar Corp. | 47,055 | 2,395,100 |
DowDuPont, Inc. | 370,259 | 25,966,264 |
Eastman Chemical Co. | 32,913 | 3,193,548 |
Ecolab, Inc. | 31,032 | 4,669,695 |
FMC Corp. | 15,354 | 1,311,999 |
Freeport-McMoRan, Inc. | 447,720 | 6,290,466 |
Graphic Packaging Holding Co. | 83,849 | 1,192,333 |
Huntsman Corp. | 53,801 | 1,640,392 |
International Flavors & Fragrances, Inc. | 10,604 | 1,381,595 |
International Paper Co. | 111,773 | 5,716,071 |
LyondellBasell Industries N.V., Class A | 158,486 | 17,874,051 |
Martin Marietta Materials, Inc. | 6,973 | 1,385,675 |
Newmont Mining Corp. | 101,573 | 3,151,810 |
Nucor Corp. | 103,732 | 6,483,250 |
Owens-Illinois, Inc. * | 58,722 | 1,037,618 |
Packaging Corp. of America | 14,529 | 1,597,028 |
PPG Industries, Inc. | 53,189 | 5,879,512 |
Praxair, Inc. | 48,995 | 7,750,519 |
Reliance Steel & Aluminum Co. | 33,087 | 2,908,016 |
RPM International, Inc. | 25,823 | 1,743,053 |
Sealed Air Corp. | 29,824 | 1,196,241 |
Sonoco Products Co. | 29,005 | 1,625,440 |
Steel Dynamics, Inc. | 45,976 | 2,102,482 |
The Mosaic Co. | 278,211 | 8,699,658 |
The Sherwin-Williams Co. | 6,572 | 2,994,072 |
United States Steel Corp. | 60,006 | 1,780,978 |
Vulcan Materials Co. | 10,437 | 1,156,420 |
WestRock Co. | 51,683 | 2,846,700 |
155,247,722 | ||
Security | Number of Shares | Value ($) |
Media 2.7% | ||
CBS Corp., Class B Non-Voting Shares | 139,994 | 7,422,482 |
Charter Communications, Inc., Class A * | 8,314 | 2,580,666 |
Cinemark Holdings, Inc. | 25,240 | 941,957 |
Comcast Corp., Class A | 907,007 | 33,550,189 |
Discovery, Inc., Class A *(a) | 84,196 | 2,343,175 |
Discovery, Inc., Class C * | 161,896 | 4,151,014 |
DISH Network Corp., Class A * | 40,681 | 1,438,073 |
Liberty Media Corp. - Liberty SiriusXM, Class A * | 7,245 | 338,631 |
Liberty Media Corp. - Liberty SiriusXM, Class C * | 16,958 | 797,704 |
News Corp., Class A | 112,817 | 1,474,518 |
News Corp., Class B | 32,090 | 436,424 |
Omnicom Group, Inc. | 61,631 | 4,272,261 |
TEGNA, Inc. | 79,971 | 930,862 |
The Interpublic Group of Cos., Inc. | 73,666 | 1,720,101 |
The Walt Disney Co. | 326,108 | 36,530,618 |
Tribune Media Co., Class A | 27,435 | 1,012,077 |
Twenty-First Century Fox, Inc., Class A | 285,679 | 12,969,827 |
Twenty-First Century Fox, Inc., Class B | 126,492 | 5,679,491 |
Viacom, Inc., Class B | 340,201 | 9,961,085 |
128,551,155 | ||
Pharmaceuticals, Biotechnology & Life Sciences 6.1% | ||
AbbVie, Inc. | 153,854 | 14,766,907 |
Agilent Technologies, Inc. | 32,930 | 2,224,092 |
Alexion Pharmaceuticals, Inc. * | 8,182 | 1,000,168 |
Allergan plc | 21,012 | 4,028,211 |
Amgen, Inc. | 107,205 | 21,420,631 |
Biogen, Inc. * | 18,282 | 6,462,504 |
Bristol-Myers Squibb Co. | 193,854 | 11,737,860 |
Celgene Corp. * | 73,618 | 6,953,220 |
Eli Lilly & Co. | 143,362 | 15,146,195 |
Gilead Sciences, Inc. | 268,871 | 20,361,601 |
IQVIA Holdings, Inc. * | 8,582 | 1,090,686 |
Johnson & Johnson | 391,360 | 52,712,278 |
Mallinckrodt plc * | 46,729 | 1,610,281 |
Merck & Co., Inc. | 661,544 | 45,375,303 |
Mettler-Toledo International, Inc. * | 2,319 | 1,355,363 |
Mylan N.V. * | 75,388 | 2,949,932 |
Perrigo Co., plc | 18,582 | 1,421,709 |
Pfizer, Inc. | 1,638,419 | 68,027,157 |
Regeneron Pharmaceuticals, Inc. * | 2,594 | 1,055,109 |
Thermo Fisher Scientific, Inc. | 30,771 | 7,357,346 |
United Therapeutics Corp. * | 9,448 | 1,162,010 |
Waters Corp. * | 7,248 | 1,373,351 |
Zoetis, Inc. | 23,223 | 2,104,004 |
291,695,918 | ||
Real Estate 1.5% | ||
American Tower Corp. | 21,343 | 3,182,668 |
AvalonBay Communities, Inc. | 11,048 | 2,024,988 |
Boston Properties, Inc. | 21,361 | 2,786,542 |
Brixmor Property Group, Inc. | 68,786 | 1,253,281 |
Camden Property Trust | 10,776 | 1,024,367 |
CBRE Group, Inc., Class A * | 35,127 | 1,714,549 |
CoreCivic, Inc. | 60,808 | 1,574,319 |
Crown Castle International Corp. | 25,461 | 2,903,318 |
Digital Realty Trust, Inc. | 17,982 | 2,234,803 |
Duke Realty Corp. | 37,616 | 1,071,680 |
Equinix, Inc. | 3,327 | 1,451,004 |
Equity Residential | 44,805 | 3,035,539 |
Essex Property Trust, Inc. | 4,308 | 1,060,974 |
HCP, Inc. | 97,197 | 2,627,235 |
Security | Number of Shares | Value ($) |
Hospitality Properties Trust | 49,599 | 1,437,875 |
Host Hotels & Resorts, Inc. | 165,587 | 3,565,088 |
Iron Mountain, Inc. | 68,076 | 2,457,544 |
Jones Lang LaSalle, Inc. | 8,595 | 1,310,909 |
Kimco Realty Corp. | 70,687 | 1,209,455 |
Mid-America Apartment Communities, Inc. | 9,282 | 961,244 |
Outfront Media, Inc. | 42,698 | 848,409 |
Park Hotels & Resorts, Inc. | 23,046 | 770,889 |
Prologis, Inc. | 44,345 | 2,979,097 |
Public Storage | 11,190 | 2,378,770 |
Realogy Holdings Corp. | 42,379 | 906,487 |
Realty Income Corp. | 18,158 | 1,063,514 |
Senior Housing Properties Trust | 55,462 | 1,059,879 |
Simon Property Group, Inc. | 34,751 | 6,360,475 |
SL Green Realty Corp. | 12,209 | 1,274,620 |
The Macerich Co. | 20,919 | 1,228,782 |
UDR, Inc. | 25,940 | 1,036,822 |
Ventas, Inc. | 54,107 | 3,239,386 |
VEREIT, Inc. | 122,794 | 960,249 |
Vornado Realty Trust | 25,868 | 1,991,836 |
Welltower, Inc. | 58,804 | 3,922,815 |
Weyerhaeuser Co. | 94,248 | 3,271,348 |
72,180,760 | ||
Retailing 5.5% | ||
Abercrombie & Fitch Co., Class A | 90,373 | 1,958,383 |
Advance Auto Parts, Inc. | 15,997 | 2,623,988 |
Amazon.com, Inc. * | 7,181 | 14,453,271 |
American Eagle Outfitters, Inc. | 89,894 | 2,333,648 |
AutoNation, Inc. * | 31,716 | 1,438,321 |
AutoZone, Inc. * | 3,095 | 2,373,494 |
Bed Bath & Beyond, Inc. | 267,515 | 4,799,219 |
Best Buy Co., Inc. | 109,283 | 8,694,555 |
Big Lots, Inc. | 33,346 | 1,435,545 |
Booking Holdings, Inc. * | 3,157 | 6,161,043 |
CarMax, Inc. * | 44,392 | 3,464,796 |
Chico's FAS, Inc. | 135,747 | 1,238,013 |
Core-Mark Holding Co., Inc. | 70,769 | 2,531,407 |
Dick's Sporting Goods, Inc. | 60,968 | 2,282,642 |
Dillard's, Inc., Class A (a) | 18,906 | 1,485,633 |
Dollar General Corp. | 79,443 | 8,558,394 |
Dollar Tree, Inc. * | 32,791 | 2,640,003 |
DSW, Inc., Class A | 46,632 | 1,550,980 |
Expedia Group, Inc. | 12,906 | 1,684,233 |
Foot Locker, Inc. | 75,483 | 3,721,312 |
GameStop Corp., Class A (a) | 183,388 | 2,433,559 |
Genuine Parts Co. | 45,546 | 4,547,768 |
GNC Holdings, Inc., Class A *(a) | 256,544 | 795,286 |
Group 1 Automotive, Inc. | 14,670 | 1,130,910 |
Kohl's Corp. | 157,702 | 12,475,805 |
L Brands, Inc. | 97,093 | 2,566,168 |
LKQ Corp. * | 45,844 | 1,582,535 |
Lowe's Cos., Inc. | 247,766 | 26,944,552 |
Macy's, Inc. | 252,454 | 9,227,194 |
Murphy USA, Inc. * | 39,545 | 3,281,444 |
Nordstrom, Inc. | 68,990 | 4,336,022 |
O'Reilly Automotive, Inc. * | 17,543 | 5,884,273 |
Office Depot, Inc. | 475,886 | 1,594,218 |
Qurate Retail, Inc. * | 183,095 | 3,806,545 |
Ross Stores, Inc. | 53,005 | 5,076,819 |
Sally Beauty Holdings, Inc. * | 60,317 | 928,882 |
Signet Jewelers Ltd. | 37,805 | 2,427,081 |
Target Corp. | 332,196 | 29,067,150 |
The Gap, Inc. | 146,792 | 4,455,137 |
The Home Depot, Inc. | 192,075 | 38,562,898 |
The TJX Cos., Inc. | 144,608 | 15,902,542 |
Tiffany & Co. | 19,533 | 2,395,722 |
Security | Number of Shares | Value ($) |
Tractor Supply Co. | 35,777 | 3,158,394 |
Ulta Salon, Cosmetics & Fragrance, Inc. * | 1,494 | 388,440 |
Urban Outfitters, Inc. * | 44,668 | 2,076,169 |
Williams-Sonoma, Inc. | 35,111 | 2,465,846 |
262,940,239 | ||
Semiconductors & Semiconductor Equipment 3.0% | ||
Analog Devices, Inc. | 29,619 | 2,927,838 |
Applied Materials, Inc. | 109,141 | 4,695,246 |
Broadcom, Inc. | 9,189 | 2,012,667 |
First Solar, Inc. * | 17,772 | 925,566 |
Intel Corp. | 1,209,637 | 58,582,720 |
KLA-Tencor Corp. | 30,225 | 3,512,447 |
Lam Research Corp. | 14,051 | 2,432,087 |
Marvell Technology Group Ltd. | 100,546 | 2,079,291 |
Maxim Integrated Products, Inc. | 39,426 | 2,384,090 |
Microchip Technology, Inc. | 16,322 | 1,404,182 |
Micron Technology, Inc. * | 136,336 | 7,160,367 |
NVIDIA Corp. | 13,438 | 3,771,778 |
NXP Semiconductor N.V. * | 21,723 | 2,023,280 |
ON Semiconductor Corp. * | 50,611 | 1,080,039 |
Qorvo, Inc. * | 30,000 | 2,402,700 |
QUALCOMM, Inc. | 400,500 | 27,518,355 |
Skyworks Solutions, Inc. | 15,995 | 1,460,343 |
Texas Instruments, Inc. | 131,917 | 14,827,471 |
Xilinx, Inc. | 33,387 | 2,598,510 |
143,798,977 | ||
Software & Services 7.5% | ||
Accenture plc, Class A | 88,601 | 14,979,771 |
Activision Blizzard, Inc. | 79,644 | 5,742,332 |
Adobe Systems, Inc. * | 13,188 | 3,475,170 |
Akamai Technologies, Inc. * | 22,303 | 1,675,847 |
Alliance Data Systems Corp. | 8,622 | 2,057,037 |
Alphabet, Inc., Class A * | 15,767 | 19,421,791 |
Alphabet, Inc., Class C * | 15,843 | 19,299,784 |
Amdocs Ltd. | 34,221 | 2,233,947 |
Autodesk, Inc. * | 8,537 | 1,317,686 |
Automatic Data Processing, Inc. | 46,479 | 6,820,793 |
Booz Allen Hamilton Holding Corp. | 37,893 | 1,938,606 |
Broadridge Financial Solutions, Inc. | 13,067 | 1,765,874 |
CA, Inc. | 91,100 | 3,990,180 |
CACI International, Inc., Class A * | 7,369 | 1,436,955 |
Citrix Systems, Inc. * | 19,273 | 2,197,507 |
Cognizant Technology Solutions Corp., Class A | 62,818 | 4,926,816 |
Conduent, Inc. * | 19,252 | 446,261 |
Convergys Corp. | 40,004 | 989,299 |
DXC Technology Co. | 14,564 | 1,326,635 |
eBay, Inc. * | 120,061 | 4,155,311 |
Electronic Arts, Inc. * | 17,292 | 1,961,086 |
Facebook, Inc., Class A * | 37,496 | 6,589,172 |
Fidelity National Information Services, Inc. | 37,324 | 4,037,337 |
First Data Corp., Class A * | 66,280 | 1,704,722 |
Fiserv, Inc. * | 55,433 | 4,438,520 |
Genpact Ltd. | 26,140 | 800,930 |
Global Payments, Inc. | 11,458 | 1,427,438 |
IAC/InterActiveCorp * | 9,519 | 1,877,147 |
International Business Machines Corp. | 356,331 | 52,195,365 |
Intuit, Inc. | 24,683 | 5,417,178 |
Jack Henry & Associates, Inc. | 7,682 | 1,217,136 |
Leidos Holdings, Inc. | 29,069 | 2,057,213 |
Mastercard, Inc., Class A | 59,294 | 12,781,415 |
Microsoft Corp. | 844,819 | 94,898,518 |
Oracle Corp. | 590,404 | 28,681,826 |
Paychex, Inc. | 37,133 | 2,719,992 |
Security | Number of Shares | Value ($) |
PayPal Holdings, Inc. * | 39,015 | 3,602,255 |
Red Hat, Inc. * | 7,282 | 1,075,770 |
salesforce.com, Inc. * | 8,382 | 1,279,764 |
Symantec Corp. | 213,448 | 4,303,112 |
Teradata Corp. * | 46,590 | 1,932,087 |
The Western Union Co. | 170,528 | 3,226,390 |
Total System Services, Inc. | 16,738 | 1,625,929 |
Visa, Inc., Class A | 112,312 | 16,497,510 |
356,545,414 | ||
Technology Hardware & Equipment 6.8% | ||
Amphenol Corp., Class A | 30,529 | 2,887,433 |
Anixter International, Inc. * | 14,767 | 1,064,701 |
Apple, Inc. | 837,176 | 190,566,373 |
ARRIS International plc * | 28,928 | 749,524 |
Arrow Electronics, Inc. * | 50,753 | 3,934,880 |
Avnet, Inc. | 124,854 | 6,042,934 |
CDW Corp. | 20,509 | 1,795,768 |
Cisco Systems, Inc. | 882,715 | 42,167,296 |
CommScope Holding Co., Inc. * | 31,944 | 1,012,305 |
Corning, Inc. | 303,482 | 10,169,682 |
F5 Networks, Inc. * | 11,224 | 2,122,683 |
FLIR Systems, Inc. | 23,252 | 1,458,830 |
Hewlett Packard Enterprise Co. | 583,724 | 9,648,958 |
HP, Inc. | 511,853 | 12,617,176 |
Jabil, Inc. | 98,024 | 2,897,589 |
Juniper Networks, Inc. | 136,632 | 3,884,448 |
Keysight Technologies, Inc. * | 21,287 | 1,381,313 |
Motorola Solutions, Inc. | 67,430 | 8,655,315 |
NCR Corp. * | 31,501 | 894,943 |
NetApp, Inc. | 63,323 | 5,497,070 |
Sanmina Corp. * | 39,010 | 1,201,508 |
SYNNEX Corp. | 12,205 | 1,183,519 |
Tech Data Corp. * | 34,206 | 2,488,486 |
Trimble, Inc. * | 22,746 | 957,607 |
Western Digital Corp. | 77,450 | 4,897,938 |
Xerox Corp. | 120,706 | 3,362,869 |
323,541,148 | ||
Telecommunication Services 3.4% | ||
AT&T, Inc. | 2,371,757 | 75,753,919 |
CenturyLink, Inc. | 770,531 | 16,458,542 |
Frontier Communications Corp. (a) | 393,031 | 2,043,761 |
Sprint Corp. * | 220,232 | 1,345,618 |
T-Mobile US, Inc. * | 37,328 | 2,465,141 |
Telephone & Data Systems, Inc. | 62,181 | 1,867,917 |
Verizon Communications, Inc. | 1,165,121 | 63,347,629 |
Windstream Holdings, Inc. *(a) | 151,654 | 714,290 |
163,996,817 | ||
Transportation 2.3% | ||
Alaska Air Group, Inc. | 29,830 | 2,013,227 |
American Airlines Group, Inc. | 143,928 | 5,826,205 |
Avis Budget Group, Inc. * | 58,028 | 1,805,251 |
C.H. Robinson Worldwide, Inc. | 41,000 | 3,939,280 |
CSX Corp. | 151,214 | 11,214,030 |
Delta Air Lines, Inc. | 41,362 | 2,418,850 |
Expeditors International of Washington, Inc. | 47,393 | 3,472,959 |
FedEx Corp. | 59,995 | 14,635,780 |
Hertz Global Holdings, Inc. * | 136,412 | 2,402,215 |
J.B. Hunt Transport Services, Inc. | 14,196 | 1,714,167 |
JetBlue Airways Corp. * | 84,058 | 1,603,827 |
Kansas City Southern | 15,643 | 1,813,962 |
Kirby Corp. * | 14,505 | 1,266,286 |
Landstar System, Inc. | 8,882 | 1,028,536 |
Security | Number of Shares | Value ($) |
Norfolk Southern Corp. | 56,303 | 9,787,714 |
Old Dominion Freight Line, Inc. | 7,848 | 1,196,035 |
Ryder System, Inc. | 27,406 | 2,105,877 |
Southwest Airlines Co. | 29,013 | 1,778,497 |
Union Pacific Corp. | 163,657 | 24,650,017 |
United Continental Holdings, Inc. * | 25,297 | 2,211,464 |
United Parcel Service, Inc., Class B | 93,910 | 11,539,661 |
108,423,840 | ||
Utilities 3.7% | ||
AES Corp. | 507,838 | 6,835,500 |
Alliant Energy Corp. | 39,908 | 1,709,659 |
Ameren Corp. | 59,593 | 3,768,065 |
American Electric Power Co., Inc. | 120,570 | 8,648,486 |
American Water Works Co., Inc. | 26,090 | 2,283,658 |
Atmos Energy Corp. | 17,934 | 1,654,053 |
CenterPoint Energy, Inc. | 115,922 | 3,221,472 |
CMS Energy Corp. | 59,051 | 2,907,671 |
Consolidated Edison, Inc. | 75,977 | 5,996,865 |
Dominion Energy, Inc. | 108,319 | 7,665,736 |
DTE Energy Co. | 40,782 | 4,532,512 |
Duke Energy Corp. | 179,539 | 14,585,748 |
Edison International | 80,414 | 5,285,612 |
Entergy Corp. | 64,205 | 5,366,896 |
Evergy, Inc. | 56,405 | 3,217,905 |
Eversource Energy | 62,915 | 3,927,783 |
Exelon Corp. | 314,230 | 13,734,993 |
FirstEnergy Corp. | 176,961 | 6,614,802 |
MDU Resources Group, Inc. | 54,117 | 1,509,323 |
NextEra Energy, Inc. | 66,163 | 11,254,326 |
NiSource, Inc. | 51,628 | 1,397,570 |
NRG Energy, Inc. | 82,014 | 2,902,476 |
OGE Energy Corp. | 47,005 | 1,731,194 |
PG&E Corp. | 148,459 | 6,855,837 |
Pinnacle West Capital Corp. | 26,520 | 2,083,146 |
Portland General Electric Co. | 20,752 | 962,893 |
PPL Corp. | 200,358 | 5,958,647 |
Public Service Enterprise Group, Inc. | 133,560 | 6,991,866 |
SCANA Corp. | 54,406 | 2,085,926 |
Sempra Energy | 46,576 | 5,406,542 |
The Southern Co. | 248,458 | 10,877,491 |
UGI Corp. | 41,600 | 2,248,480 |
Vectren Corp. | 16,700 | 1,189,040 |
Vistra Energy Corp. * | 33,716 | 793,675 |
WEC Energy Group, Inc. | 48,840 | 3,300,607 |
Xcel Energy, Inc. | 111,739 | 5,369,059 |
174,875,514 | ||
Total Common Stock | ||
(Cost $4,012,405,120) | 4,753,053,393 | |
Other Investment Companies 0.2% of net assets | ||
Money Market Fund 0.1% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.87% (c) | 3,355,357 | 3,355,357 |
Securities Lending Collateral 0.1% | ||
Wells Fargo Government Money Market Fund, Select Class 1.87% (c) | 8,443,362 | 8,443,362 |
Total Other Investment Companies | ||
(Cost $11,798,719) | 11,798,719 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Appreciation ($) | ||||
Futures Contracts | ||||||
Long | ||||||
S&P 500 Index, e-mini, expires 09/21/18 | 75 | 10,882,875 | 157,446 |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $8,110,946. |
(b) | Issuer is affiliated with the fund’s adviser. |
(c) | The rate shown is the 7-day yield. |
Security | Number of Shares | Value ($) |
Common Stock 99.9% of net assets | ||
Automobiles & Components 0.9% | ||
American Axle & Manufacturing Holdings, Inc. * | 279,093 | 4,942,737 |
Cooper-Standard Holding, Inc. * | 46,516 | 6,439,210 |
Dorman Products, Inc. * | 39,444 | 3,194,175 |
Gentherm, Inc. * | 57,614 | 2,834,609 |
LCI Industries | 37,281 | 3,465,269 |
Modine Manufacturing Co. * | 118,602 | 1,998,444 |
Standard Motor Products, Inc. | 56,242 | 2,855,406 |
Superior Industries International, Inc. | 172,808 | 3,749,934 |
Tesla, Inc. *(a) | 1,200 | 361,992 |
Tower International, Inc. | 74,078 | 2,503,836 |
Winnebago Industries, Inc. | 48,515 | 1,792,629 |
34,138,241 | ||
Banks 6.0% | ||
Associated Banc-Corp. | 171,680 | 4,678,280 |
BancorpSouth Bank | 63,479 | 2,209,069 |
Bank of Hawaii Corp. | 52,477 | 4,362,413 |
Bank OZK | 42,964 | 1,738,324 |
BankUnited, Inc. | 116,306 | 4,511,510 |
Banner Corp. | 6,428 | 413,513 |
BOK Financial Corp. | 31,065 | 3,185,716 |
Capitol Federal Financial, Inc. | 200,854 | 2,653,281 |
Cathay General Bancorp | 56,417 | 2,386,439 |
Central Pacific Financial Corp. | 12,432 | 352,199 |
Chemical Financial Corp. | 28,444 | 1,624,721 |
Columbia Banking System, Inc. | 50,605 | 2,138,061 |
Commerce Bancshares, Inc. | 90,573 | 6,436,117 |
Community Bank System, Inc. | 38,078 | 2,518,098 |
Cullen/Frost Bankers, Inc. | 48,485 | 5,376,502 |
CVB Financial Corp. | 78,752 | 1,893,986 |
East West Bancorp, Inc. | 114,388 | 7,251,055 |
Essent Group Ltd. * | 11,456 | 496,732 |
F.N.B. Corp. | 258,186 | 3,472,602 |
First BanCorp (Puerto Rico) * | 61,060 | 534,275 |
First Citizens BancShares, Inc., Class A | 6,721 | 3,192,542 |
First Commonwealth Financial Corp. | 107,904 | 1,807,392 |
First Financial Bancorp | 72,916 | 2,289,562 |
First Financial Bankshares, Inc. | 34,842 | 2,104,457 |
First Hawaiian, Inc. | 15,684 | 454,679 |
First Horizon National Corp. | 187,621 | 3,455,979 |
First Midwest Bancorp, Inc. | 67,023 | 1,821,685 |
Fulton Financial Corp. | 251,866 | 4,583,961 |
Glacier Bancorp, Inc. | 64,027 | 2,924,753 |
Great Western Bancorp, Inc. | 52,534 | 2,287,330 |
Hancock Whitney Corp. | 81,247 | 4,188,283 |
Home BancShares, Inc. | 73,348 | 1,717,077 |
Hope Bancorp, Inc. | 23,988 | 420,030 |
IBERIABANK Corp. | 28,722 | 2,488,761 |
International Bancshares Corp. | 64,198 | 3,007,676 |
Investors Bancorp, Inc. | 184,544 | 2,362,163 |
MB Financial, Inc. | 61,059 | 2,958,919 |
MGIC Investment Corp. * | 72,630 | 923,854 |
National Bank Holdings Corp., Class A | 49,654 | 1,993,608 |
Security | Number of Shares | Value ($) |
NBT Bancorp, Inc. | 53,518 | 2,166,409 |
Northwest Bancshares, Inc. | 166,616 | 3,035,744 |
Ocwen Financial Corp. * | 758,146 | 3,169,050 |
Old National Bancorp | 157,801 | 3,203,360 |
PacWest Bancorp | 86,515 | 4,368,142 |
Park National Corp. | 18,208 | 2,005,611 |
PHH Corp. * | 708,185 | 7,683,807 |
Popular, Inc. | 158,010 | 7,954,224 |
Prosperity Bancshares, Inc. | 55,187 | 4,130,195 |
Provident Financial Services, Inc. | 62,353 | 1,573,166 |
Radian Group, Inc. | 189,067 | 3,843,732 |
Signature Bank | 27,165 | 3,144,077 |
South State Corp. | 4,752 | 391,802 |
SVB Financial Group * | 23,662 | 7,636,911 |
Synovus Financial Corp. | 113,179 | 5,665,741 |
TCF Financial Corp. | 197,193 | 4,998,843 |
Texas Capital Bancshares, Inc. * | 22,843 | 2,030,743 |
The Bank of NT Butterfield & Son Ltd. | 38,543 | 2,036,612 |
Trustmark Corp. | 88,468 | 3,138,845 |
UMB Financial Corp. | 34,301 | 2,580,807 |
Umpqua Holdings Corp. | 197,768 | 4,232,235 |
Union Bankshares Corp. | 43,220 | 1,797,952 |
United Bankshares, Inc. | 79,074 | 3,115,516 |
United Community Banks, Inc. | 13,974 | 423,971 |
Valley National Bancorp | 317,691 | 3,828,177 |
Walker & Dunlop, Inc. | 7,004 | 381,718 |
Washington Federal, Inc. | 136,269 | 4,646,773 |
Webster Financial Corp. | 75,303 | 4,923,310 |
WesBanco, Inc. | 7,904 | 390,062 |
Westamerica Bancorp | 34,566 | 2,213,261 |
Western Alliance Bancorp * | 29,020 | 1,673,003 |
Wintrust Financial Corp. | 33,816 | 2,994,407 |
Zions Bancorp | 127,829 | 6,812,008 |
215,405,818 | ||
Capital Goods 12.3% | ||
A.O. Smith Corp. | 111,915 | 6,500,023 |
AAON, Inc. | 12,332 | 498,213 |
AAR Corp. | 119,084 | 5,557,650 |
Actuant Corp., Class A | 220,826 | 6,503,326 |
Acuity Brands, Inc. | 46,076 | 7,042,256 |
Aegion Corp. * | 107,142 | 2,674,264 |
Air Lease Corp. | 95,731 | 4,423,730 |
Aircastle Ltd. | 123,481 | 2,583,223 |
Alamo Group, Inc. | 15,943 | 1,519,368 |
Albany International Corp., Class A | 33,603 | 2,592,471 |
Allegion plc | 46,168 | 4,026,773 |
Altra Industrial Motion Corp. (a) | 41,540 | 1,622,137 |
American Woodmark Corp. * | 16,556 | 1,406,432 |
Apogee Enterprises, Inc. | 54,642 | 2,689,479 |
Applied Industrial Technologies, Inc. | 102,019 | 7,860,564 |
Armstrong Flooring, Inc. * | 179,782 | 3,147,983 |
Armstrong World Industries, Inc. * | 89,325 | 6,234,885 |
Astec Industries, Inc. | 51,481 | 2,504,551 |
Atkore International Group, Inc. * | 84,471 | 2,312,816 |
AZZ, Inc. | 53,809 | 2,892,234 |
Barnes Group, Inc. | 65,813 | 4,479,233 |
Beacon Roofing Supply, Inc. * | 98,904 | 3,667,360 |
Security | Number of Shares | Value ($) |
BMC Stock Holdings, Inc. * | 90,591 | 2,038,298 |
Briggs & Stratton Corp. | 175,748 | 3,543,080 |
Builders FirstSource, Inc. * | 21,212 | 331,331 |
BWX Technologies, Inc. | 83,280 | 5,106,730 |
Chart Industries, Inc. * | 55,264 | 4,175,195 |
CIRCOR International, Inc. | 48,461 | 2,198,191 |
Colfax Corp. * | 182,114 | 6,359,421 |
Comfort Systems USA, Inc. | 66,220 | 3,801,028 |
Crane Co. | 69,277 | 6,323,605 |
Cubic Corp. | 56,408 | 4,270,086 |
Curtiss-Wright Corp. | 55,607 | 7,448,558 |
DXP Enterprises, Inc. * | 10,456 | 479,826 |
Dycom Industries, Inc. * | 36,533 | 3,065,484 |
Encore Wire Corp. | 76,322 | 3,835,181 |
EnerSys | 107,485 | 8,920,180 |
EnPro Industries, Inc. | 28,720 | 2,156,010 |
ESCO Technologies, Inc. | 34,947 | 2,364,165 |
Esterline Technologies Corp. * | 75,178 | 6,461,549 |
Federal Signal Corp. | 104,822 | 2,728,517 |
Franklin Electric Co., Inc. | 73,040 | 3,571,656 |
Generac Holdings, Inc. * | 132,606 | 7,358,307 |
Gibraltar Industries, Inc. * | 48,618 | 2,207,257 |
Global Brass & Copper Holdings, Inc. | 57,539 | 2,218,128 |
GMS, Inc. * | 14,408 | 358,039 |
Graco, Inc. | 149,711 | 7,037,914 |
Granite Construction, Inc. | 90,030 | 4,112,570 |
Griffon Corp. | 109,519 | 1,998,722 |
H&E Equipment Services, Inc. | 90,130 | 3,137,425 |
Harsco Corp. * | 197,508 | 5,579,601 |
HEICO Corp. | 11,686 | 1,059,686 |
HEICO Corp., Class A | 22,003 | 1,639,224 |
Herc Holdings, Inc. * | 69,160 | 3,636,433 |
Hexcel Corp. | 113,115 | 7,479,164 |
Hillenbrand, Inc. | 91,405 | 4,675,366 |
Hyster-Yale Materials Handling, Inc. | 41,823 | 2,580,479 |
ITT, Inc. | 119,604 | 7,069,792 |
John Bean Technologies Corp. | 4,052 | 479,352 |
Kaman Corp. | 53,923 | 3,516,319 |
KBR, Inc. | 505,948 | 10,614,789 |
Kennametal, Inc. | 184,195 | 7,522,524 |
KLX, Inc. * | 56,541 | 4,174,987 |
Lennox International, Inc. | 31,056 | 6,919,587 |
Lindsay Corp. | 25,735 | 2,464,641 |
Masonite International Corp. * | 47,491 | 3,179,522 |
MasTec, Inc. * | 119,622 | 5,239,444 |
Maxar Technologies Ltd. | 118,641 | 3,683,803 |
Meritor, Inc. * | 83,576 | 1,810,256 |
Milacron Holdings Corp. * | 23,888 | 506,426 |
Moog, Inc., Class A | 81,887 | 6,461,703 |
MRC Global, Inc. * | 428,630 | 8,834,064 |
Mueller Industries, Inc. | 240,167 | 7,678,139 |
Mueller Water Products, Inc., Class A | 193,448 | 2,238,193 |
MYR Group, Inc. * | 76,491 | 2,659,592 |
National Presto Industries, Inc. | 17,254 | 2,287,880 |
Nordson Corp. | 63,336 | 8,804,971 |
NOW, Inc. * | 687,380 | 11,816,062 |
Primoris Services Corp. | 106,543 | 2,669,968 |
Quanex Building Products Corp. | 112,340 | 1,842,376 |
Raven Industries, Inc. | 53,488 | 2,588,819 |
RBC Bearings, Inc. * | 15,483 | 2,319,508 |
Rexnord Corp. * | 146,651 | 4,257,279 |
Rush Enterprises, Inc., Class A | 104,241 | 4,478,193 |
Simpson Manufacturing Co., Inc. | 56,609 | 4,345,873 |
SPX FLOW, Inc. * | 123,344 | 5,913,111 |
Standex International Corp. | 19,337 | 2,086,462 |
Teledyne Technologies, Inc. * | 39,520 | 9,376,515 |
Tennant Co. | 38,901 | 2,977,872 |
Textainer Group Holdings Ltd. * | 103,370 | 1,560,887 |
Security | Number of Shares | Value ($) |
The Greenbrier Cos., Inc. | 92,094 | 5,341,452 |
The Middleby Corp. * | 37,955 | 4,613,051 |
The Toro Co. | 108,152 | 6,574,560 |
Titan International, Inc. | 195,275 | 1,460,657 |
Titan Machinery, Inc. * | 28,790 | 519,947 |
Trex Co., Inc. * | 8,863 | 750,696 |
TriMas Corp. * | 77,227 | 2,370,869 |
Triton International Ltd. | 73,954 | 2,793,982 |
Triumph Group, Inc. | 225,318 | 4,686,614 |
Tutor Perini Corp. * | 194,122 | 3,950,383 |
Univar, Inc. * | 171,969 | 4,784,178 |
Universal Forest Products, Inc. | 177,938 | 6,665,557 |
USG Corp. * | 86,784 | 3,740,390 |
Veritiv Corp. * | 125,812 | 6,007,523 |
Wabash National Corp. | 177,235 | 3,232,766 |
Watts Water Technologies, Inc., Class A | 43,827 | 3,613,536 |
Welbilt, Inc. * | 207,960 | 4,602,155 |
Woodward, Inc. | 80,707 | 6,501,756 |
441,584,358 | ||
Commercial & Professional Services 5.4% | ||
ACCO Brands Corp. | 261,790 | 3,246,196 |
Advanced Disposal Services, Inc. * | 26,540 | 708,087 |
ASGN, Inc. * | 51,562 | 4,774,126 |
Brady Corp., Class A | 87,619 | 3,544,189 |
CBIZ, Inc. * | 94,784 | 2,265,338 |
Cimpress N.V. * | 20,492 | 2,868,880 |
Clean Harbors, Inc. * | 107,319 | 7,361,010 |
Copart, Inc. * | 169,358 | 10,891,413 |
CoStar Group, Inc. * | 5,512 | 2,437,186 |
Covanta Holding Corp. | 333,633 | 5,888,622 |
Deluxe Corp. | 95,384 | 5,648,640 |
Essendant, Inc. | 770,691 | 11,121,071 |
Exponent, Inc. | 42,762 | 2,238,591 |
FTI Consulting, Inc. * | 108,742 | 8,288,315 |
Healthcare Services Group, Inc. | 78,066 | 3,217,100 |
Herman Miller, Inc. | 124,243 | 4,758,507 |
HNI Corp. | 130,556 | 5,757,520 |
Huron Consulting Group, Inc. * | 66,216 | 3,277,692 |
ICF International, Inc. | 36,440 | 2,975,326 |
Insperity, Inc. | 45,418 | 5,443,347 |
Interface, Inc. | 102,020 | 2,402,571 |
Kelly Services, Inc., Class A | 258,426 | 6,514,919 |
Kforce, Inc. | 107,706 | 4,529,037 |
Kimball International, Inc., Class B | 98,405 | 1,719,135 |
Knoll, Inc. | 102,087 | 2,403,128 |
Korn/Ferry International | 60,302 | 4,048,073 |
LSC Communications, Inc. | 592,930 | 7,251,534 |
Matthews International Corp., Class A | 44,424 | 2,305,606 |
McGrath RentCorp | 44,660 | 2,590,280 |
Mobile Mini, Inc. | 52,527 | 2,253,408 |
MSA Safety, Inc. | 38,409 | 3,882,766 |
Navigant Consulting, Inc. * | 129,640 | 3,097,100 |
Quad/Graphics, Inc. | 178,861 | 4,072,665 |
R.R. Donnelley & Sons Co. | 908,871 | 4,598,887 |
Rollins, Inc. | 54,244 | 3,258,979 |
SP Plus Corp. * | 13,532 | 526,395 |
Steelcase, Inc., Class A | 347,436 | 5,072,566 |
Stericycle, Inc. * | 104,072 | 6,420,202 |
Team, Inc. * | 121,150 | 2,822,795 |
Tetra Tech, Inc. | 105,172 | 7,341,006 |
The Brink's Co. | 53,010 | 3,981,051 |
TransUnion | 52,526 | 3,955,208 |
TrueBlue, Inc. * | 133,905 | 3,923,416 |
Security | Number of Shares | Value ($) |
UniFirst Corp. | 25,283 | 4,682,412 |
Viad Corp. | 43,505 | 2,679,908 |
193,044,203 | ||
Consumer Durables & Apparel 3.9% | ||
American Outdoor Brands Corp. * | 209,834 | 2,943,971 |
Callaway Golf Co. | 106,484 | 2,428,900 |
Cavco Industries, Inc. * | 2,276 | 558,530 |
Columbia Sportswear Co. | 40,489 | 3,672,352 |
Crocs, Inc. * | 204,407 | 4,223,049 |
Deckers Outdoor Corp. * | 89,169 | 10,864,351 |
Ethan Allen Interiors, Inc. | 76,264 | 1,696,874 |
G-III Apparel Group Ltd. * | 138,916 | 6,317,900 |
GoPro, Inc., Class A *(a) | 316,027 | 2,025,733 |
Helen of Troy Ltd. * | 53,630 | 6,379,288 |
iRobot Corp. *(a) | 24,566 | 2,788,241 |
KB Home | 99,990 | 2,484,752 |
La-Z-Boy, Inc. | 148,037 | 4,922,230 |
Lululemon Athletica, Inc. * | 83,591 | 12,950,754 |
M.D.C Holdings, Inc. | 103,617 | 3,284,659 |
M/I Homes, Inc. * | 57,495 | 1,489,695 |
Meritage Homes Corp. * | 81,590 | 3,520,608 |
Movado Group, Inc. | 49,818 | 2,122,247 |
Oxford Industries, Inc. | 35,683 | 3,321,730 |
Skechers U.S.A., Inc., Class A * | 151,366 | 4,462,270 |
Steven Madden Ltd. | 123,206 | 7,164,429 |
Sturm Ruger & Co., Inc. | 56,893 | 3,723,647 |
Taylor Morrison Home Corp., Class A * | 145,745 | 2,836,198 |
Tempur Sealy International, Inc. * | 80,274 | 4,446,377 |
Toll Brothers, Inc. | 136,194 | 4,934,309 |
TopBuild Corp. * | 50,254 | 3,129,819 |
TRI Pointe Group, Inc. * | 156,473 | 2,267,294 |
Tupperware Brands Corp. | 165,220 | 5,372,954 |
Under Armour, Inc., Class A * | 199,474 | 4,079,243 |
Under Armour, Inc., Class C * | 208,626 | 3,957,635 |
Unifi, Inc. * | 48,148 | 1,531,588 |
Universal Electronics, Inc. * | 37,250 | 1,609,200 |
Vista Outdoor, Inc. * | 335,978 | 6,205,514 |
Wolverine World Wide, Inc. | 163,761 | 6,416,156 |
140,132,497 | ||
Consumer Services 5.2% | ||
Adtalem Global Education, Inc. * | 205,224 | 9,819,968 |
American Public Education, Inc. * | 57,790 | 2,008,203 |
BJ's Restaurants, Inc. | 61,828 | 4,680,380 |
Bloomin' Brands, Inc. | 235,583 | 4,546,752 |
Boyd Gaming Corp. | 72,392 | 2,636,517 |
Bright Horizons Family Solutions, Inc. * | 38,390 | 4,584,918 |
Caesars Entertainment Corp. * | 132,149 | 1,347,920 |
Career Education Corp. * | 211,989 | 3,381,225 |
Choice Hotels International, Inc. | 40,911 | 3,193,104 |
Churchill Downs, Inc. | 11,136 | 3,147,034 |
Cracker Barrel Old Country Store, Inc. (a) | 32,966 | 4,914,901 |
Dave & Buster's Entertainment, Inc. * | 36,780 | 2,139,493 |
Dine Brands Global, Inc. | 60,463 | 5,043,823 |
Dunkin' Brands Group, Inc. | 89,016 | 6,488,376 |
Extended Stay America, Inc. | 300,136 | 6,056,744 |
Fiesta Restaurant Group, Inc. * | 76,831 | 2,208,891 |
Graham Holdings Co., Class B | 10,683 | 6,010,790 |
Grand Canyon Education, Inc. * | 28,353 | 3,377,976 |
Hilton Grand Vacations, Inc. * | 44,118 | 1,440,894 |
Houghton Mifflin Harcourt Co. * | 425,629 | 2,745,307 |
Hyatt Hotels Corp., Class A | 59,670 | 4,616,071 |
ILG, Inc. | 68,161 | 2,326,335 |
International Game Technology plc | 317,764 | 6,685,755 |
International Speedway Corp., Class A | 42,828 | 1,890,856 |
Security | Number of Shares | Value ($) |
Jack in the Box, Inc. | 58,675 | 5,318,302 |
K12, Inc. * | 144,206 | 2,388,051 |
Laureate Education, Inc., Class A * | 26,740 | 427,038 |
Marriott Vacations Worldwide Corp. | 30,811 | 3,666,509 |
Penn National Gaming, Inc. * | 135,442 | 4,667,331 |
Pinnacle Entertainment, Inc. * | 148,659 | 5,090,084 |
Red Robin Gourmet Burgers, Inc. * | 47,443 | 1,959,396 |
Red Rock Resorts, Inc., Class A | 76,707 | 2,503,716 |
Regis Corp. * | 216,331 | 4,627,320 |
SeaWorld Entertainment, Inc. * | 320,172 | 9,387,443 |
ServiceMaster Global Holdings, Inc. * | 67,148 | 4,047,010 |
Six Flags Entertainment Corp. | 119,156 | 8,048,988 |
Sonic Corp. | 81,448 | 2,920,725 |
Sotheby's * | 67,872 | 3,259,213 |
Strategic Education, Inc. | 54,314 | 7,537,154 |
Texas Roadhouse, Inc. | 91,660 | 6,319,957 |
The Cheesecake Factory, Inc. | 132,185 | 7,028,276 |
Vail Resorts, Inc. | 18,856 | 5,620,031 |
Weight Watchers International, Inc. * | 75,164 | 5,629,784 |
185,738,561 | ||
Diversified Financials 3.9% | ||
Artisan Partners Asset Management, Inc., Class A | 10,856 | 359,876 |
BGC Partners, Inc., Class A | 210,617 | 2,615,863 |
Cannae Holdings, Inc. * | 397,609 | 7,729,519 |
Capstead Mortgage Corp. | 238,174 | 2,000,662 |
Cboe Global Markets, Inc. | 56,722 | 5,717,577 |
Chimera Investment Corp. | 311,973 | 5,812,057 |
Cohen & Steers, Inc. | 8,780 | 364,985 |
Credit Acceptance Corp. * | 12,852 | 5,869,637 |
Donnelley Financial Solutions, Inc. * | 137,627 | 2,875,028 |
E*TRADE Financial Corp. * | 132,252 | 7,784,353 |
Eaton Vance Corp. | 127,205 | 6,707,520 |
Encore Capital Group, Inc. * | 36,723 | 1,423,016 |
Enova International, Inc. * | 92,741 | 3,079,001 |
Evercore, Inc., Class A | 41,605 | 4,416,371 |
EZCORP, Inc., Class A * | 204,874 | 2,274,101 |
FactSet Research Systems, Inc. | 29,073 | 6,669,055 |
Federated Investors, Inc., Class B | 199,986 | 4,631,676 |
FirstCash, Inc. | 38,976 | 3,168,749 |
Green Dot Corp., Class A * | 6,128 | 524,986 |
Greenhill & Co., Inc. | 127,612 | 3,509,330 |
Invesco Mortgage Capital, Inc. | 218,695 | 3,549,420 |
Ladder Capital Corp., Class A | 29,892 | 519,224 |
MarketAxess Holdings, Inc. | 11,066 | 2,100,548 |
MFA Financial, Inc. | 615,240 | 4,712,738 |
Morningstar, Inc. | 25,012 | 3,559,708 |
Nelnet, Inc., Class A | 46,904 | 2,704,016 |
New Residential Investment Corp. | 344,971 | 6,406,111 |
New York Mortgage Trust, Inc. | 317,386 | 2,031,270 |
OneMain Holdings, Inc. * | 100,520 | 3,689,084 |
PennyMac Mortgage Investment Trust | 195,020 | 3,896,500 |
Piper Jaffray Cos. | 6,622 | 509,894 |
PRA Group, Inc. * | 101,503 | 3,709,935 |
Redwood Trust, Inc. | 168,881 | 2,867,599 |
Starwood Property Trust, Inc. | 291,892 | 6,430,381 |
Stifel Financial Corp. | 55,215 | 3,084,862 |
Two Harbors Investment Corp. | 430,147 | 6,718,896 |
Virtus Investment Partners, Inc. | 3,552 | 458,208 |
World Acceptance Corp. * | 36,333 | 4,309,457 |
138,791,213 | ||
Energy 7.2% | ||
Antero Resources Corp. * | 294,481 | 5,450,843 |
Archrock, Inc. | 307,117 | 3,885,030 |
Security | Number of Shares | Value ($) |
Bristow Group, Inc. * | 370,085 | 4,056,132 |
Cabot Oil & Gas Corp. | 343,494 | 8,185,462 |
CARBO Ceramics, Inc. *(a) | 274,952 | 2,378,335 |
Chesapeake Energy Corp. * | 3,404,198 | 15,080,597 |
Cimarex Energy Co. | 68,707 | 5,804,367 |
Cloud Peak Energy, Inc. * | 1,039,669 | 2,453,619 |
Continental Resources, Inc. * | 73,597 | 4,853,722 |
CVR Energy, Inc. | 114,154 | 4,343,560 |
Delek US Holdings, Inc. | 406,591 | 22,159,209 |
Denbury Resources, Inc. * | 1,941,003 | 10,811,387 |
Diamond Offshore Drilling, Inc. *(a) | 634,105 | 11,046,109 |
Dril-Quip, Inc. * | 112,995 | 5,949,187 |
Energen Corp. * | 108,960 | 8,449,848 |
Exterran Corp. * | 130,805 | 3,582,749 |
Forum Energy Technologies, Inc. * | 236,862 | 2,830,501 |
Frank's International N.V. * | 59,184 | 522,595 |
Golar LNG Ltd. | 77,321 | 1,976,325 |
Green Plains, Inc. | 288,400 | 5,119,100 |
Helix Energy Solutions Group, Inc. * | 349,008 | 3,266,715 |
International Seaways, Inc. * | 21,312 | 437,322 |
Kosmos Energy Ltd. * | 269,487 | 2,436,162 |
Matrix Service Co. * | 128,674 | 2,689,287 |
McDermott International, Inc. * | 753,126 | 14,565,457 |
Newfield Exploration Co. * | 106,840 | 2,914,595 |
Newpark Resources, Inc. * | 314,409 | 3,301,295 |
Nordic American Tankers Ltd. (a) | 831,919 | 1,855,179 |
Oasis Petroleum, Inc. * | 486,429 | 6,547,334 |
Oil States International, Inc. * | 273,981 | 9,274,257 |
Parsley Energy, Inc., Class A * | 11,356 | 315,356 |
PDC Energy, Inc. * | 48,131 | 2,536,022 |
Peabody Energy Corp. | 240,247 | 9,924,604 |
Range Resources Corp. | 474,507 | 7,791,405 |
Renewable Energy Group, Inc. * | 203,991 | 5,497,557 |
REX American Resources Corp. * | 22,879 | 1,843,590 |
RPC, Inc. | 122,958 | 1,682,065 |
Scorpio Tankers, Inc. | 715,081 | 1,372,956 |
SEACOR Holdings, Inc. * | 60,747 | 3,125,433 |
SemGroup Corp., Class A | 138,183 | 3,344,029 |
Ship Finance International Ltd. | 168,591 | 2,393,992 |
Superior Energy Services, Inc. * | 1,076,412 | 9,687,708 |
Teekay Corp. (a) | 533,530 | 3,617,333 |
Tidewater, Inc. * | 27,300 | 873,600 |
Unit Corp. * | 160,770 | 4,226,643 |
US Silica Holdings, Inc. | 71,258 | 1,509,957 |
Whiting Petroleum Corp. * | 328,393 | 16,718,488 |
WPX Energy, Inc. * | 343,038 | 6,541,735 |
259,228,753 | ||
Food & Staples Retailing 1.0% | ||
Ingles Markets, Inc., Class A | 132,696 | 4,770,421 |
PriceSmart, Inc. | 50,050 | 4,346,842 |
Sprouts Farmers Market, Inc. * | 243,062 | 6,433,851 |
SUPERVALU, Inc. * | 262,682 | 8,482,002 |
The Andersons, Inc. | 179,314 | 7,324,977 |
Weis Markets, Inc. | 65,205 | 3,037,901 |
34,395,994 | ||
Food, Beverage & Tobacco 2.2% | ||
B&G Foods, Inc. (a) | 96,208 | 3,073,846 |
Cal-Maine Foods, Inc. | 90,406 | 4,470,577 |
Calavo Growers, Inc. | 19,876 | 2,103,875 |
Darling Ingredients, Inc. * | 335,490 | 6,635,992 |
Fresh Del Monte Produce, Inc. | 137,144 | 5,134,671 |
J&J Snack Foods Corp. | 20,781 | 3,023,635 |
John B Sanfilippo & Son, Inc. | 6,328 | 462,387 |
Lamb Weston Holdings, Inc. | 152,178 | 10,287,233 |
Security | Number of Shares | Value ($) |
Lancaster Colony Corp. | 30,803 | 4,813,585 |
Pilgrim's Pride Corp. * | 146,612 | 2,710,856 |
Pinnacle Foods, Inc. | 121,640 | 8,079,329 |
Post Holdings, Inc. * | 36,776 | 3,576,834 |
The Boston Beer Co., Inc., Class A * | 13,412 | 4,065,848 |
The Hain Celestial Group, Inc. * | 129,201 | 3,689,980 |
TreeHouse Foods, Inc. * | 126,576 | 6,594,609 |
Universal Corp. | 132,373 | 7,915,905 |
Vector Group Ltd. | 145,788 | 2,264,088 |
78,903,250 | ||
Health Care Equipment & Services 4.1% | ||
Acadia Healthcare Co., Inc. * | 55,735 | 2,314,675 |
Align Technology, Inc. * | 12,926 | 4,995,770 |
Allscripts Healthcare Solutions, Inc. * | 256,124 | 3,741,972 |
Amedisys, Inc. * | 34,845 | 4,355,973 |
AMN Healthcare Services, Inc. * | 41,520 | 2,420,616 |
athenahealth, Inc. * | 11,619 | 1,788,164 |
Avanos Medical, Inc. * | 79,863 | 5,758,122 |
Brookdale Senior Living, Inc. * | 689,409 | 6,838,937 |
Cantel Medical Corp. | 3,176 | 308,072 |
Chemed Corp. | 21,835 | 7,064,496 |
CONMED Corp. | 38,963 | 3,133,794 |
Diplomat Pharmacy, Inc. * | 116,801 | 2,413,109 |
Encompass Health Corp. | 118,781 | 9,691,342 |
Envision Healthcare Corp. * | 123,463 | 5,600,282 |
Globus Medical, Inc., Class A * | 43,200 | 2,301,264 |
Haemonetics Corp. * | 43,659 | 4,874,091 |
Hill-Rom Holdings, Inc. | 60,474 | 5,882,306 |
HMS Holdings Corp. * | 101,669 | 3,258,491 |
Hologic, Inc. * | 154,153 | 6,129,123 |
IDEXX Laboratories, Inc. * | 16,452 | 4,179,466 |
Integer Holdings Corp. * | 6,328 | 505,607 |
Integra LifeSciences Holdings Corp. * | 27,741 | 1,649,757 |
Invacare Corp. | 145,172 | 2,206,614 |
LHC Group, Inc. * | 25,015 | 2,474,734 |
LivaNova plc * | 23,294 | 2,924,562 |
Masimo Corp. * | 30,610 | 3,608,613 |
NuVasive, Inc. * | 34,361 | 2,411,799 |
Premier, Inc., Class A * | 52,201 | 2,308,850 |
Quality Systems, Inc. * | 121,689 | 2,785,461 |
Select Medical Holdings Corp. * | 312,788 | 6,193,202 |
STERIS plc | 69,073 | 7,903,333 |
Teleflex, Inc. | 24,260 | 6,002,652 |
The Cooper Cos., Inc. | 28,191 | 7,210,694 |
The Ensign Group, Inc. | 76,150 | 2,975,181 |
The Providence Service Corp. * | 6,028 | 404,720 |
Tivity Health, Inc. * | 9,380 | 322,672 |
Triple-S Management Corp., Class B * | 137,029 | 2,983,121 |
Varex Imaging Corp. * | 19,016 | 597,102 |
West Pharmaceutical Services, Inc. | 52,977 | 6,200,958 |
148,719,697 | ||
Household & Personal Products 0.8% | ||
Central Garden & Pet Co. * | 14,110 | 560,167 |
Central Garden & Pet Co., Class A * | 50,432 | 1,832,195 |
Coty, Inc., Class A | 227,847 | 2,816,189 |
Edgewell Personal Care Co. * | 127,784 | 7,215,962 |
Energizer Holdings, Inc. | 66,836 | 4,250,101 |
Spectrum Brands Holdings, Inc. | 69,132 | 6,004,114 |
USANA Health Sciences, Inc. * | 21,616 | 2,852,231 |
WD-40 Co. | 15,328 | 2,719,954 |
28,250,913 | ||
Security | Number of Shares | Value ($) |
Insurance 3.3% | ||
Ambac Financial Group, Inc. * | 179,702 | 3,797,103 |
American Equity Investment Life Holding Co. | 198,119 | 7,348,234 |
American National Insurance Co. | 16,332 | 2,096,049 |
AMERISAFE, Inc. | 6,428 | 410,106 |
AmTrust Financial Services, Inc. | 237,464 | 3,452,727 |
Argo Group International Holdings Ltd. | 63,453 | 4,041,956 |
Aspen Insurance Holdings Ltd. | 161,035 | 6,626,590 |
Athene Holding Ltd., Class A * | 63,339 | 3,145,415 |
Brighthouse Financial, Inc. * | 139,739 | 5,800,566 |
Brown & Brown, Inc. | 234,660 | 7,152,437 |
CNA Financial Corp. | 46,282 | 2,078,062 |
Employers Holdings, Inc. | 39,091 | 1,792,322 |
Enstar Group Ltd. * | 1,976 | 421,876 |
Erie Indemnity Co., Class A | 61,167 | 7,555,960 |
Horace Mann Educators Corp. | 54,981 | 2,545,620 |
James River Group Holdings Ltd. | 59,621 | 2,441,480 |
Kemper Corp. | 103,929 | 8,454,624 |
Maiden Holdings Ltd. | 300,679 | 1,142,580 |
MBIA, Inc. *(a) | 501,575 | 5,151,175 |
Mercury General Corp. | 71,882 | 3,874,440 |
National General Holdings Corp. | 17,526 | 478,635 |
Primerica, Inc. | 81,346 | 9,944,549 |
ProAssurance Corp. | 139,258 | 6,733,124 |
Safety Insurance Group, Inc. | 26,466 | 2,559,262 |
Selective Insurance Group, Inc. | 59,133 | 3,796,339 |
Stewart Information Services Corp. | 82,139 | 3,678,184 |
The Hanover Insurance Group, Inc. | 68,217 | 8,355,900 |
United Fire Group, Inc. | 7,904 | 391,485 |
Universal Insurance Holdings, Inc. | 58,208 | 2,596,077 |
117,862,877 | ||
Materials 6.6% | ||
AdvanSix, Inc. * | 98,066 | 3,318,553 |
AK Steel Holding Corp. * | 402,974 | 1,789,205 |
Allegheny Technologies, Inc. * | 318,794 | 8,617,002 |
Axalta Coating Systems Ltd. * | 203,347 | 6,202,083 |
Balchem Corp. | 19,082 | 2,116,003 |
Berry Global Group, Inc. * | 101,979 | 4,867,458 |
Boise Cascade Co. | 144,792 | 6,327,410 |
Cabot Corp. | 132,631 | 8,610,405 |
Carpenter Technology Corp. | 116,271 | 6,937,891 |
Century Aluminum Co. * | 121,013 | 1,527,184 |
Clearwater Paper Corp. * | 119,762 | 3,479,086 |
Cleveland-Cliffs, Inc. * | 1,208,074 | 12,141,144 |
Compass Minerals International, Inc. | 73,526 | 4,599,051 |
Eagle Materials, Inc. | 33,793 | 3,120,108 |
GCP Applied Technologies, Inc. * | 123,427 | 3,110,360 |
Greif, Inc., Class A | 102,030 | 5,630,015 |
H.B. Fuller Co. | 89,859 | 5,121,064 |
Hecla Mining Co. | 457,286 | 1,298,692 |
Ingevity Corp. * | 35,696 | 3,605,653 |
Innophos Holdings, Inc. | 78,659 | 3,438,185 |
Innospec, Inc. | 43,624 | 3,385,222 |
Kaiser Aluminum Corp. | 38,850 | 4,257,572 |
KapStone Paper & Packaging Corp. | 149,225 | 5,125,879 |
Kraton Corp. * | 53,433 | 2,512,954 |
Louisiana-Pacific Corp. | 133,432 | 3,890,877 |
Materion Corp. | 66,208 | 4,224,070 |
Minerals Technologies, Inc. | 48,660 | 3,267,519 |
Neenah, Inc. | 26,993 | 2,463,111 |
NewMarket Corp. | 15,310 | 6,139,922 |
Olin Corp. | 201,176 | 6,182,138 |
Olympic Steel, Inc. | 82,680 | 1,822,267 |
P.H. Glatfelter Co. | 207,214 | 3,984,725 |
Security | Number of Shares | Value ($) |
Platform Specialty Products Corp. * | 257,639 | 3,416,293 |
PolyOne Corp. | 174,530 | 7,375,638 |
Quaker Chemical Corp. | 13,941 | 2,511,332 |
Rayonier Advanced Materials, Inc. | 132,763 | 2,774,747 |
Royal Gold, Inc. | 28,674 | 2,186,679 |
Schnitzer Steel Industries, Inc., Class A | 167,228 | 4,406,458 |
Schweitzer-Mauduit International, Inc. | 68,158 | 2,773,349 |
Sensient Technologies Corp. | 82,880 | 5,886,138 |
Silgan Holdings, Inc. | 211,140 | 5,753,565 |
Southern Copper Corp. | 140,469 | 6,130,067 |
Stepan Co. | 47,836 | 4,267,450 |
Summit Materials, Inc., Class A * | 69,464 | 1,477,499 |
SunCoke Energy, Inc. * | 207,035 | 2,310,511 |
Tahoe Resources, Inc. * | 92,128 | 316,920 |
The Chemours Co. | 264,021 | 11,511,316 |
The Scotts Miracle-Gro Co., Class A | 63,098 | 4,714,683 |
TimkenSteel Corp. * | 198,370 | 2,779,164 |
Trinseo S.A. | 68,477 | 5,283,001 |
Tronox Ltd., Class A | 184,102 | 2,980,611 |
Valvoline, Inc. | 40,648 | 874,745 |
W.R. Grace & Co. | 77,062 | 5,445,201 |
Westlake Chemical Corp. | 46,390 | 4,387,102 |
Worthington Industries, Inc. | 107,001 | 4,984,107 |
237,659,384 | ||
Media 1.8% | ||
AMC Entertainment Holdings, Inc., Class A | 174,604 | 3,326,206 |
AMC Networks, Inc., Class A * | 72,404 | 4,547,695 |
Cable One, Inc. | 4,131 | 3,460,704 |
Gannett Co., Inc. | 689,968 | 7,092,871 |
GCI Liberty, Inc., Class A * | 11,856 | 581,893 |
Gray Television, Inc. * | 34,620 | 604,119 |
John Wiley & Sons, Inc., Class A | 80,962 | 5,226,097 |
Lions Gate Entertainment Corp., Class A | 22,647 | 532,658 |
Lions Gate Entertainment Corp., Class B | 45,331 | 1,017,681 |
Live Nation Entertainment, Inc. * | 116,806 | 5,802,922 |
Meredith Corp. | 77,202 | 3,987,483 |
National CineMedia, Inc. | 395,986 | 3,603,473 |
New Media Investment Group, Inc. | 125,717 | 1,998,900 |
Nexstar Media Group, Inc., Class A | 29,638 | 2,430,316 |
Scholastic Corp. | 104,800 | 4,405,792 |
Sinclair Broadcast Group, Inc., Class A | 132,343 | 3,831,330 |
Sirius XM Holdings, Inc. (a) | 885,149 | 6,284,558 |
The Madison Square Garden Co., Class A * | 10,045 | 3,032,987 |
The New York Times Co., Class A | 132,320 | 3,083,056 |
64,850,741 | ||
Pharmaceuticals, Biotechnology & Life Sciences 2.2% | ||
Akorn, Inc. * | 32,068 | 503,147 |
Bio-Rad Laboratories, Inc., Class A * | 19,138 | 6,225,591 |
Bio-Techne Corp. | 22,250 | 4,275,782 |
BioMarin Pharmaceutical, Inc. * | 4,252 | 425,115 |
Bruker Corp. | 88,163 | 3,136,840 |
Cambrex Corp. * | 7,604 | 512,510 |
Catalent, Inc. * | 74,971 | 3,133,788 |
Charles River Laboratories International, Inc. * | 46,801 | 5,780,391 |
Endo International plc * | 428,824 | 7,354,332 |
Illumina, Inc. * | 31,428 | 11,151,597 |
Jazz Pharmaceuticals plc * | 29,475 | 5,037,867 |
Myriad Genetics, Inc. * | 157,573 | 7,845,560 |
PDL BioPharma, Inc. * | 1,447,622 | 3,503,245 |
PerkinElmer, Inc. | 98,359 | 9,091,322 |
PRA Health Sciences, Inc. * | 20,673 | 2,183,069 |
Security | Number of Shares | Value ($) |
Prestige Consumer Healthcare, Inc. * | 54,280 | 2,089,780 |
QIAGEN N.V. * | 157,101 | 6,122,226 |
78,372,162 | ||
Real Estate 9.7% | ||
Acadia Realty Trust | 64,602 | 1,842,449 |
Alexander & Baldwin, Inc. | 17,760 | 416,827 |
Alexandria Real Estate Equities, Inc. | 52,880 | 6,787,148 |
Altisource Portfolio Solutions S.A. *(a) | 68,964 | 2,493,049 |
American Campus Communities, Inc. | 140,531 | 5,892,465 |
American Homes 4 Rent, Class A | 80,050 | 1,857,160 |
Apartment Investment & Management Co., Class A | 163,727 | 7,171,243 |
Apple Hospitality REIT, Inc. | 324,852 | 5,733,638 |
Ashford Hospitality Trust, Inc. | 364,823 | 2,367,701 |
Brandywine Realty Trust | 277,869 | 4,657,084 |
CBL & Associates Properties, Inc. | 1,141,177 | 5,089,649 |
Chesapeake Lodging Trust | 89,438 | 2,943,405 |
Colony Capital, Inc. | 79,596 | 487,923 |
Columbia Property Trust, Inc. | 270,253 | 6,507,692 |
CorePoint Lodging, Inc. | 55,636 | 1,160,011 |
Corporate Office Properties Trust | 146,518 | 4,509,824 |
Cousins Properties, Inc. | 45,076 | 421,461 |
CubeSmart | 113,421 | 3,465,012 |
CyrusOne, Inc. | 36,561 | 2,448,125 |
DDR Corp. | 396,085 | 5,541,229 |
DiamondRock Hospitality Co. | 377,423 | 4,513,979 |
Douglas Emmett, Inc. | 117,949 | 4,607,088 |
EastGroup Properties, Inc. | 23,184 | 2,255,108 |
Education Realty Trust, Inc. | 52,398 | 2,168,229 |
EPR Properties | 54,487 | 3,823,898 |
Equity Commonwealth * | 163,237 | 5,233,378 |
Equity LifeStyle Properties, Inc. | 53,771 | 5,209,334 |
Extra Space Storage, Inc. | 65,469 | 6,036,897 |
Federal Realty Investment Trust | 54,715 | 7,146,326 |
First Industrial Realty Trust, Inc. | 73,814 | 2,396,002 |
Forest City Realty Trust, Inc., Class A | 105,932 | 2,664,190 |
Franklin Street Properties Corp. | 241,777 | 2,072,029 |
Front Yard Residential Corp. | 181,368 | 2,216,317 |
Gaming & Leisure Properties, Inc. | 123,280 | 4,412,191 |
Government Properties Income Trust | 149,571 | 2,529,246 |
Gramercy Property Trust | 80,130 | 2,191,556 |
Healthcare Realty Trust, Inc. | 118,729 | 3,675,850 |
Healthcare Trust of America, Inc., Class A | 127,773 | 3,650,475 |
Hersha Hospitality Trust | 103,365 | 2,439,414 |
HFF, Inc., Class A | 12,332 | 559,996 |
Highwoods Properties, Inc. | 111,234 | 5,532,779 |
Hudson Pacific Properties, Inc. | 58,313 | 1,973,312 |
Investors Real Estate Trust | 325,890 | 1,776,101 |
Invitation Homes, Inc. | 19,936 | 465,904 |
Kennedy-Wilson Holdings, Inc. | 21,912 | 470,012 |
Kilroy Realty Corp. | 61,614 | 4,506,448 |
Kite Realty Group Trust | 108,767 | 1,901,247 |
Lamar Advertising Co., Class A | 92,497 | 7,126,894 |
LaSalle Hotel Properties | 208,948 | 7,336,164 |
Lexington Realty Trust | 413,561 | 3,862,660 |
Liberty Property Trust | 170,630 | 7,465,063 |
Life Storage, Inc. | 36,179 | 3,531,070 |
Mack-Cali Realty Corp. | 232,931 | 5,087,213 |
Medical Properties Trust, Inc. | 229,974 | 3,461,109 |
National Health Investors, Inc. | 21,084 | 1,670,907 |
National Retail Properties, Inc. | 107,894 | 4,972,834 |
New Senior Investment Group, Inc. | 250,905 | 1,590,738 |
Omega Healthcare Investors, Inc. | 180,417 | 5,962,782 |
Paramount Group, Inc. | 213,914 | 3,396,954 |
Pebblebrook Hotel Trust | 75,836 | 2,928,028 |
Pennsylvania Real Estate Investment Trust | 237,202 | 2,419,460 |
Security | Number of Shares | Value ($) |
Piedmont Office Realty Trust, Inc., Class A | 310,916 | 6,168,573 |
PotlatchDeltic Corp. | 46,520 | 2,246,916 |
PS Business Parks, Inc. | 16,954 | 2,211,310 |
QTS Realty Trust, Inc., Class A | 13,416 | 613,514 |
Ramco-Gershenson Properties Trust | 137,940 | 1,925,642 |
Rayonier, Inc. | 207,756 | 7,236,142 |
Regency Centers Corp. | 78,086 | 5,156,019 |
Retail Opportunity Investments Corp. | 26,698 | 527,019 |
Retail Properties of America, Inc., Class A | 451,577 | 5,748,575 |
Retail Value, Inc. * | 40,735 | 1,455,054 |
RLJ Lodging Trust | 284,870 | 6,241,502 |
Ryman Hospitality Properties, Inc. | 58,951 | 5,230,722 |
Sabra Health Care REIT, Inc. | 170,216 | 4,013,693 |
SBA Communications Corp. * | 38,773 | 6,018,733 |
Select Income REIT | 80,241 | 1,648,953 |
Seritage Growth Properties, Class A (a) | 10,080 | 518,918 |
Spirit MTA REIT * | 64,406 | 690,432 |
Spirit Realty Capital, Inc. | 585,684 | 4,902,175 |
STAG Industrial, Inc. | 15,684 | 452,797 |
STORE Capital Corp. | 67,841 | 1,954,499 |
Summit Hotel Properties, Inc. | 108,845 | 1,494,442 |
Sun Communities, Inc. | 42,028 | 4,336,449 |
Sunstone Hotel Investors, Inc. | 342,724 | 5,750,909 |
Tanger Factory Outlet Centers, Inc. | 145,465 | 3,499,888 |
Taubman Centers, Inc. | 103,704 | 6,700,315 |
The GEO Group, Inc. | 247,113 | 6,269,257 |
The Howard Hughes Corp. * | 4,152 | 541,296 |
Tier REIT, Inc. | 102,571 | 2,445,293 |
Uniti Group, Inc. | 78,620 | 1,636,868 |
Urban Edge Properties | 75,458 | 1,724,970 |
Washington Prime Group, Inc. | 1,041,551 | 8,061,605 |
Washington Real Estate Investment Trust | 98,172 | 3,098,308 |
Weingarten Realty Investors | 159,898 | 4,945,645 |
WP Carey, Inc. | 98,935 | 6,587,092 |
Xenia Hotels & Resorts, Inc. | 275,267 | 6,677,977 |
347,763,779 | ||
Retailing 5.4% | ||
Aaron's, Inc. | 143,121 | 7,115,976 |
Asbury Automotive Group, Inc. * | 96,636 | 7,199,382 |
Ascena Retail Group, Inc. * | 3,453,876 | 15,818,752 |
Barnes & Noble Education, Inc. * | 563,445 | 3,369,401 |
Barnes & Noble, Inc. | 728,591 | 3,825,103 |
Big 5 Sporting Goods Corp. (a) | 246,008 | 1,402,246 |
Burlington Stores, Inc. * | 34,532 | 5,807,592 |
Caleres, Inc. | 161,257 | 6,527,683 |
Citi Trends, Inc. | 65,878 | 2,038,265 |
Conn's, Inc. * | 15,866 | 650,506 |
Express, Inc. * | 755,295 | 8,474,410 |
Five Below, Inc. * | 31,927 | 3,718,538 |
Francesca's Holdings Corp. * | 78,320 | 491,850 |
Genesco, Inc. * | 225,803 | 11,482,083 |
Groupon, Inc. * | 466,641 | 1,992,557 |
Guess?, Inc. | 407,113 | 9,974,268 |
Haverty Furniture Cos., Inc. | 87,125 | 1,925,463 |
Hibbett Sports, Inc. * | 195,721 | 4,022,067 |
J.C. Penney Co., Inc. *(a) | 2,125,513 | 3,762,158 |
Liberty TripAdvisor Holdings, Inc., Class A * | 171,830 | 2,723,505 |
Lithia Motors, Inc., Class A | 53,832 | 4,651,085 |
Lumber Liquidators Holdings, Inc. * | 93,316 | 1,626,498 |
Monro, Inc. | 50,370 | 3,573,751 |
Netflix, Inc. * | 25,082 | 9,222,150 |
Ollie's Bargain Outlet Holdings, Inc. * | 7,287 | 634,698 |
Party City Holdco, Inc. * | 24,264 | 372,452 |
Penske Automotive Group, Inc. | 146,281 | 7,698,769 |
Pier 1 Imports, Inc. | 1,539,197 | 2,832,122 |
Security | Number of Shares | Value ($) |
Pool Corp. | 40,079 | 6,583,377 |
Rent-A-Center, Inc. * | 473,273 | 6,976,044 |
RH * | 37,095 | 5,898,105 |
Shoe Carnival, Inc. | 74,762 | 3,323,919 |
Shutterfly, Inc. * | 46,174 | 3,586,796 |
Sleep Number Corp. * | 99,533 | 3,354,262 |
Sonic Automotive, Inc., Class A | 253,761 | 5,455,861 |
The Buckle, Inc. (a) | 217,166 | 5,592,024 |
The Cato Corp., Class A | 234,267 | 5,025,027 |
The Children's Place, Inc. | 34,440 | 4,847,430 |
The Michaels Cos., Inc. * | 165,667 | 2,814,682 |
TripAdvisor, Inc. * | 89,680 | 4,870,521 |
Zumiez, Inc. * | 111,064 | 3,459,644 |
194,721,022 | ||
Semiconductors & Semiconductor Equipment 2.0% | ||
Advanced Energy Industries, Inc. * | 27,194 | 1,620,218 |
Amkor Technology, Inc. * | 380,909 | 3,325,336 |
Brooks Automation, Inc. | 72,135 | 2,842,840 |
Cabot Microelectronics Corp. | 30,300 | 3,415,719 |
Cirrus Logic, Inc. * | 88,065 | 3,870,457 |
Cree, Inc. * | 199,180 | 9,582,550 |
Cypress Semiconductor Corp. | 386,081 | 6,644,454 |
Diodes, Inc. * | 59,884 | 2,270,801 |
Entegris, Inc. | 79,270 | 2,687,253 |
Integrated Device Technology, Inc. * | 121,558 | 5,164,999 |
MKS Instruments, Inc. | 37,431 | 3,477,340 |
Monolithic Power Systems, Inc. | 3,542 | 530,840 |
Photronics, Inc. * | 248,153 | 2,655,237 |
Power Integrations, Inc. | 25,723 | 1,886,782 |
Semtech Corp. * | 44,561 | 2,662,520 |
Silicon Laboratories, Inc. * | 32,223 | 3,157,854 |
Synaptics, Inc. * | 74,427 | 3,591,847 |
Teradyne, Inc. | 186,235 | 7,671,020 |
Versum Materials, Inc. | 81,929 | 3,259,955 |
Xperi Corp. | 96,646 | 1,517,342 |
71,835,364 | ||
Software & Services 5.8% | ||
ACI Worldwide, Inc. * | 114,161 | 3,243,314 |
Acxiom Corp. * | 119,242 | 5,448,167 |
ANSYS, Inc. * | 45,817 | 8,521,046 |
Aspen Technology, Inc. * | 34,346 | 3,962,155 |
Avaya Holdings Corp. * | 34,720 | 811,059 |
Black Knight, Inc. * | 17,643 | 942,136 |
Cadence Design Systems, Inc. * | 130,925 | 6,158,712 |
Cardtronics plc, Class A * | 96,501 | 3,386,220 |
Cars.com, Inc. * | 184,039 | 4,952,489 |
CDK Global, Inc. | 97,072 | 6,049,527 |
CommVault Systems, Inc. * | 29,774 | 2,073,759 |
CoreLogic, Inc. * | 134,194 | 6,822,423 |
CSG Systems International, Inc. | 64,278 | 2,400,783 |
EPAM Systems, Inc. * | 20,743 | 2,964,797 |
Euronet Worldwide, Inc. * | 39,145 | 3,828,381 |
EVERTEC, Inc. | 104,921 | 2,523,350 |
ExlService Holdings, Inc. * | 31,085 | 1,991,927 |
Fair Isaac Corp. * | 24,738 | 5,713,983 |
FleetCor Technologies, Inc. * | 30,049 | 6,422,673 |
Gartner, Inc. * | 54,304 | 8,132,567 |
j2 Global, Inc. | 42,517 | 3,510,629 |
Manhattan Associates, Inc. * | 71,618 | 4,153,128 |
ManTech International Corp., Class A | 91,299 | 6,054,950 |
MAXIMUS, Inc. | 82,195 | 5,465,967 |
MicroStrategy, Inc., Class A * | 2,876 | 428,524 |
Nuance Communications, Inc. * | 281,861 | 4,599,972 |
Perficient, Inc. * | 16,567 | 475,970 |
Security | Number of Shares | Value ($) |
Progress Software Corp. | 83,450 | 3,415,608 |
PTC, Inc. * | 62,858 | 6,282,029 |
Sabre Corp. | 182,581 | 4,767,190 |
Science Applications International Corp. | 78,818 | 7,110,960 |
SS&C Technologies Holdings, Inc. | 63,809 | 3,786,426 |
Sykes Enterprises, Inc. * | 115,509 | 3,492,992 |
Synopsys, Inc. * | 80,598 | 8,232,280 |
Syntel, Inc. * | 85,069 | 3,465,711 |
Take-Two Interactive Software, Inc. * | 35,703 | 4,768,493 |
TiVo Corp. | 271,725 | 3,709,046 |
Travelport Worldwide Ltd. | 266,012 | 4,939,843 |
Twitter, Inc. * | 79,750 | 2,805,605 |
Tyler Technologies, Inc. * | 2,376 | 586,753 |
Unisys Corp. * | 309,192 | 5,750,971 |
Verint Systems, Inc. * | 63,067 | 3,061,903 |
VeriSign, Inc. * | 66,430 | 10,536,462 |
VMware, Inc., Class A * | 40,870 | 6,263,736 |
WEX, Inc. * | 22,670 | 4,312,287 |
Worldpay, Inc., Class A * | 79,709 | 7,762,860 |
Zynga, Inc., Class A * | 614,136 | 2,554,806 |
208,644,569 | ||
Technology Hardware & Equipment 4.1% | ||
ADTRAN, Inc. | 191,202 | 3,288,674 |
Arista Networks, Inc. * | 1,859 | 555,804 |
AVX Corp. | 98,486 | 2,082,979 |
Belden, Inc. | 61,102 | 4,443,337 |
Benchmark Electronics, Inc. | 229,826 | 5,941,002 |
Ciena Corp. * | 83,768 | 2,645,393 |
Cognex Corp. | 47,986 | 2,581,647 |
Coherent, Inc. * | 14,813 | 2,823,358 |
Comtech Telecommunications Corp. | 148,093 | 5,309,134 |
Cray, Inc. * | 72,152 | 1,565,698 |
Diebold Nixdorf, Inc. (a) | 244,677 | 1,162,216 |
Dolby Laboratories, Inc., Class A | 67,760 | 4,756,074 |
EchoStar Corp., Class A * | 88,834 | 4,264,032 |
Electronics For Imaging, Inc. * | 68,121 | 2,369,930 |
ePlus, Inc. * | 28,855 | 2,990,821 |
Fabrinet * | 55,399 | 2,651,950 |
Finisar Corp. * | 176,175 | 3,593,970 |
Fitbit, Inc., Class A * | 101,108 | 608,670 |
II-VI, Inc. * | 53,269 | 2,650,133 |
Infinera Corp. * | 42,784 | 382,917 |
Insight Enterprises, Inc. * | 195,495 | 10,779,594 |
InterDigital, Inc. | 56,087 | 4,632,786 |
IPG Photonics Corp. * | 13,029 | 2,286,329 |
Itron, Inc. * | 42,152 | 2,798,893 |
Knowles Corp. * | 221,412 | 4,014,200 |
Littelfuse, Inc. | 15,359 | 3,433,658 |
Lumentum Holdings, Inc. * | 33,657 | 2,285,310 |
Methode Electronics, Inc. | 57,966 | 2,298,352 |
MTS Systems Corp. | 39,338 | 2,128,186 |
National Instruments Corp. | 101,827 | 4,862,239 |
NETGEAR, Inc. * | 79,383 | 5,624,286 |
NetScout Systems, Inc. * | 115,960 | 2,899,000 |
OSI Systems, Inc. * | 32,128 | 2,502,450 |
Plantronics, Inc. | 85,062 | 5,717,868 |
Plexus Corp. * | 94,606 | 5,987,614 |
Rogers Corp. * | 14,303 | 1,974,815 |
ScanSource, Inc. * | 162,134 | 6,590,747 |
TTM Technologies, Inc. * | 162,012 | 3,029,624 |
ViaSat, Inc. * | 49,768 | 3,126,426 |
Viavi Solutions, Inc. * | 202,561 | 2,268,683 |
Vishay Intertechnology, Inc. | 371,656 | 8,845,413 |
Zebra Technologies Corp., Class A * | 25,947 | 4,456,138 |
149,210,350 | ||
Security | Number of Shares | Value ($) |
Telecommunication Services 0.6% | ||
Cincinnati Bell, Inc. * | 165,851 | 2,156,063 |
Cogent Communications Holdings, Inc. | 37,633 | 2,058,525 |
Consolidated Communications Holdings, Inc. | 224,933 | 2,656,459 |
Intelsat S.A. * | 47,552 | 1,044,718 |
Iridium Communications, Inc. * | 137,033 | 2,774,918 |
Shenandoah Telecommunications Co. | 11,356 | 433,231 |
United States Cellular Corp. * | 60,841 | 2,601,561 |
Vonage Holdings Corp. * | 241,507 | 3,424,569 |
Zayo Group Holdings, Inc. * | 83,423 | 2,891,441 |
20,041,485 | ||
Transportation 2.7% | ||
Air Transport Services Group, Inc. * | 78,879 | 1,605,188 |
Allegiant Travel Co. | 25,936 | 3,533,780 |
AMERCO | 8,966 | 3,361,264 |
ArcBest Corp. | 123,950 | 5,961,995 |
Atlas Air Worldwide Holdings, Inc. * | 63,484 | 3,866,175 |
Copa Holdings S.A., Class A | 60,086 | 4,803,275 |
Costamare, Inc. | 52,380 | 368,231 |
Echo Global Logistics, Inc. * | 80,711 | 2,679,605 |
Forward Air Corp. | 48,960 | 3,146,170 |
Genesee & Wyoming, Inc., Class A * | 70,520 | 6,198,003 |
Hawaiian Holdings, Inc. | 93,486 | 3,879,669 |
Heartland Express, Inc. | 98,752 | 2,019,478 |
Hub Group, Inc., Class A * | 135,032 | 7,136,441 |
Knight-Swift Transportation Holdings, Inc. | 171,483 | 5,852,715 |
Macquarie Infrastructure Corp. | 129,093 | 6,072,535 |
Marten Transport Ltd. | 84,721 | 1,868,098 |
Matson, Inc. | 112,431 | 4,200,422 |
Saia, Inc. * | 44,829 | 3,552,698 |
Schneider National, Inc., Class B | 21,495 | 581,440 |
SkyWest, Inc. | 132,739 | 8,667,857 |
Spirit Airlines, Inc. * | 145,997 | 6,937,777 |
Werner Enterprises, Inc. | 128,918 | 4,776,412 |
XPO Logistics, Inc. * | 36,874 | 3,927,081 |
YRC Worldwide, Inc. * | 143,155 | 1,369,993 |
96,366,302 | ||
Utilities 2.8% | ||
ALLETE, Inc. | 66,523 | 4,994,547 |
American States Water Co. | 46,069 | 2,783,950 |
Aqua America, Inc. | 163,443 | 6,076,811 |
Avangrid, Inc. | 52,512 | 2,590,942 |
Avista Corp. | 111,474 | 5,719,731 |
Black Hills Corp. | 87,570 | 5,153,494 |
California Water Service Group | 57,502 | 2,366,207 |
Chesapeake Utilities Corp. | 4,852 | 417,272 |
El Paso Electric Co. | 73,682 | 4,516,707 |
Hawaiian Electric Industries, Inc. | 220,665 | 7,782,855 |
IDACORP, Inc. | 63,836 | 6,246,353 |
MGE Energy, Inc. | 44,822 | 2,933,600 |
National Fuel Gas Co. | 142,632 | 7,920,355 |
New Jersey Resources Corp. | 136,788 | 6,237,533 |
Northwest Natural Gas Co. | 51,268 | 3,327,293 |
NorthWestern Corp. | 84,291 | 5,054,088 |
ONE Gas, Inc. | 75,837 | 5,955,480 |
Ormat Technologies, Inc. | 29,713 | 1,564,389 |
Otter Tail Corp. | 63,489 | 3,041,123 |
Pattern Energy Group, Inc., Class A | 27,140 | 553,113 |
PNM Resources, Inc. | 162,647 | 6,335,100 |
South Jersey Industries, Inc. | 104,804 | 3,477,397 |
Security | Number of Shares | Value ($) |
Southwest Gas Holdings, Inc. | 25,594 | 1,978,928 |
Spire, Inc. | 55,112 | 4,108,599 |
101,135,867 | ||
Total Common Stock | ||
(Cost $3,014,529,741) | 3,586,797,400 | |
Rights 0.0% of net assets | ||
Materials 0.0% | ||
A. Schulman, Inc. CVR *(b) | 67,938 | 135,876 |
Total Rights | ||
(Cost $129,762) | 135,876 | |
Other Investment Companies 1.4% of net assets | ||
Money Market Fund 0.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.87% (c) | 1,649,172 | 1,649,172 |
Securities Lending Collateral 1.4% | ||
Wells Fargo Government Money Market Fund, Select Class 1.87% (c) | 49,305,611 | 49,305,611 |
Total Other Investment Companies | ||
(Cost $50,954,783) | 50,954,783 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Appreciation ($) | ||||
Futures Contracts | ||||||
Long | ||||||
Russell 2000 Index, e-mini, expires 09/21/18 | 68 | 5,918,040 | 47,490 |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $47,536,224. |
(b) | Fair-valued by management using significant unobservable inputs in accordance with procedures approved by the fund’s Board of Trustees. |
(c) | The rate shown is the 7-day yield. |
CVR — | Contingent Value Rights |
REIT — | Real Estate Investment Trust |
Security | Number of Shares | Value ($) |
Common Stock 98.8% of net assets | ||
Australia 6.3% | ||
AGL Energy Ltd. | 177,294 | 2,664,392 |
Amcor Ltd. | 249,728 | 2,582,628 |
AMP Ltd. | 1,327,813 | 3,207,317 |
APA Group | 180,621 | 1,306,251 |
Aurizon Holdings Ltd. | 731,563 | 2,222,079 |
Australia & New Zealand Banking Group Ltd. | 838,733 | 17,893,870 |
Bendigo & Adelaide Bank Ltd. | 137,600 | 1,153,348 |
BHP Billiton Ltd. | 1,281,990 | 30,790,167 |
BlueScope Steel Ltd. | 142,865 | 1,788,469 |
Boral Ltd. | 265,197 | 1,342,534 |
Brambles Ltd. | 357,687 | 2,837,712 |
Caltex Australia Ltd. | 180,639 | 3,946,579 |
CIMIC Group Ltd. | 33,310 | 1,187,145 |
Coca-Cola Amatil Ltd. | 220,055 | 1,494,360 |
Commonwealth Bank of Australia | 412,763 | 21,265,872 |
Crown Resorts Ltd. | 90,465 | 929,025 |
CSL Ltd. | 44,009 | 7,234,667 |
Downer EDI Ltd. | 320,974 | 1,792,032 |
Fortescue Metals Group Ltd. | 646,104 | 1,794,288 |
Goodman Group | 148,081 | 1,145,887 |
GrainCorp Ltd., Class A | 146,217 | 825,862 |
Incitec Pivot Ltd. | 563,716 | 1,598,104 |
Insurance Australia Group Ltd. | 588,854 | 3,287,634 |
LendLease Group | 175,258 | 2,597,038 |
Macquarie Group Ltd. | 50,695 | 4,744,145 |
Medibank Pvt Ltd. | 667,187 | 1,466,830 |
Metcash Ltd. | 920,447 | 1,837,242 |
Mirvac Group | 841,831 | 1,479,414 |
National Australia Bank Ltd. | 762,471 | 15,643,762 |
Newcrest Mining Ltd. | 82,535 | 1,157,376 |
OneMarket Ltd. * | 10,782 | 8,226 |
Orica Ltd. | 160,782 | 2,045,323 |
Origin Energy Ltd. * | 607,219 | 3,491,170 |
Qantas Airways Ltd. | 243,680 | 1,133,155 |
QBE Insurance Group Ltd. | 487,760 | 3,883,757 |
Rio Tinto Ltd. | 126,305 | 6,644,348 |
Santos Ltd. | 353,629 | 1,733,948 |
Scentre Group | 793,542 | 2,358,687 |
Sonic Healthcare Ltd. | 101,462 | 1,921,753 |
South32 Ltd. | 292,407 | 735,911 |
Stockland | 572,588 | 1,710,215 |
Suncorp Group Ltd. | 526,877 | 5,902,272 |
Tabcorp Holdings Ltd. | 616,953 | 2,141,667 |
Telstra Corp., Ltd. | 2,632,230 | 5,901,251 |
Transurban Group (a) | 163,223 | 1,398,773 |
Wesfarmers Ltd. | 618,753 | 23,022,964 |
Westpac Banking Corp. | 938,521 | 19,371,199 |
Woodside Petroleum Ltd. | 267,042 | 7,120,512 |
Woolworths Group Ltd. | 721,155 | 14,759,566 |
WorleyParsons Ltd. | 157,553 | 2,340,376 |
250,841,102 | ||
Security | Number of Shares | Value ($) |
Austria 0.3% | ||
ANDRITZ AG | 15,594 | 925,324 |
Erste Group Bank AG * | 79,084 | 3,153,327 |
OMV AG | 76,429 | 4,057,653 |
Raiffeisen Bank International AG | 42,563 | 1,213,290 |
voestalpine AG | 48,698 | 2,189,346 |
11,538,940 | ||
Belgium 0.8% | ||
Ageas | 71,902 | 3,729,471 |
Anheuser-Busch InBev S.A. | 138,825 | 13,026,817 |
Colruyt S.A. | 25,107 | 1,495,654 |
Groupe Bruxelles Lambert S.A. | 24,658 | 2,593,537 |
KBC Groep N.V. | 48,285 | 3,438,190 |
Proximus | 62,312 | 1,438,762 |
Solvay S.A. | 22,287 | 2,972,980 |
UCB S.A. | 17,489 | 1,602,644 |
Umicore S.A. | 50,130 | 2,801,992 |
33,100,047 | ||
Canada 7.1% | ||
Agnico Eagle Mines Ltd. | 26,316 | 907,775 |
Alimentation Couche-Tard, Inc., B Shares | 100,395 | 4,810,522 |
ARC Resources Ltd. | 144,843 | 1,538,460 |
Atco Ltd., Class I | 33,495 | 1,002,063 |
Bank of Montreal | 137,056 | 11,243,437 |
Barrick Gold Corp. | 177,640 | 1,818,700 |
Bausch Health Cos., Inc. * | 164,253 | 3,796,607 |
BCE, Inc. | 122,308 | 4,992,872 |
BlackBerry Ltd. * | 137,995 | 1,469,957 |
Brookfield Asset Management, Inc., Class A | 144,578 | 6,182,499 |
Cameco Corp. | 120,898 | 1,257,239 |
Canadian Imperial Bank of Commerce | 101,268 | 9,498,122 |
Canadian National Railway Co. | 130,680 | 11,631,367 |
Canadian Natural Resources Ltd. | 299,821 | 10,245,810 |
Canadian Pacific Railway Ltd. | 26,132 | 5,500,957 |
Canadian Tire Corp., Ltd., Class A | 19,763 | 2,474,562 |
Celestica, Inc. * | 94,180 | 1,159,238 |
Cenovus Energy, Inc. | 759,286 | 7,045,792 |
CGI Group, Inc., Class A * | 35,825 | 2,354,265 |
CI Financial Corp. | 77,530 | 1,248,614 |
Crescent Point Energy Corp. | 437,571 | 2,687,943 |
Dollarama, Inc. | 33,918 | 1,283,679 |
Empire Co., Ltd., A Shares | 120,434 | 2,297,939 |
Enbridge, Inc. | 194,324 | 6,633,200 |
Encana Corp. | 188,349 | 2,496,009 |
Fairfax Financial Holdings Ltd. | 4,377 | 2,404,958 |
Finning International, Inc. | 63,966 | 1,487,855 |
First Quantum Minerals Ltd. | 142,851 | 1,793,375 |
Fortis, Inc. | 65,000 | 2,129,529 |
George Weston Ltd. | 21,123 | 1,646,491 |
Gibson Energy, Inc. | 97,440 | 1,448,205 |
Gildan Activewear, Inc. | 37,053 | 1,092,878 |
Goldcorp, Inc. | 155,021 | 1,676,288 |
Great-West Lifeco, Inc. | 58,015 | 1,416,617 |
Security | Number of Shares | Value ($) |
H&R Real Estate Investment Trust | 46,236 | 720,160 |
Husky Energy, Inc. | 238,525 | 3,947,521 |
Hydro One Ltd. | 40,720 | 602,080 |
Imperial Oil Ltd. | 107,749 | 3,360,675 |
Intact Financial Corp. | 23,592 | 1,872,596 |
Inter Pipeline Ltd. | 77,424 | 1,423,849 |
Keyera Corp. | 37,549 | 1,035,517 |
Linamar Corp. | 16,648 | 732,591 |
Loblaw Cos. Ltd. | 71,501 | 3,701,306 |
Magna International, Inc. | 180,354 | 9,773,238 |
Manulife Financial Corp. | 308,521 | 5,650,126 |
Methanex Corp. | 19,778 | 1,444,274 |
Metro, Inc. | 89,286 | 2,797,827 |
National Bank of Canada | 63,548 | 3,182,883 |
Obsidian Energy Ltd. *(b) | 1,221,835 | 1,199,393 |
Onex Corp. | 25,712 | 1,846,050 |
Parkland Fuel Corp. | 47,101 | 1,468,712 |
Pembina Pipeline Corp. | 70,133 | 2,393,972 |
Power Corp. of Canada | 175,788 | 3,943,249 |
Power Financial Corp. | 79,281 | 1,850,164 |
RioCan Real Estate Investment Trust | 42,874 | 830,551 |
Rogers Communications, Inc., B Shares | 69,690 | 3,613,971 |
Royal Bank of Canada | 252,432 | 20,067,565 |
Saputo, Inc. | 54,301 | 1,664,073 |
Shaw Communications, Inc., B Shares | 140,057 | 2,827,026 |
SNC-Lavalin Group, Inc. | 50,502 | 2,034,488 |
Sun Life Financial, Inc. | 102,508 | 4,077,679 |
Suncor Energy, Inc. | 563,351 | 23,208,877 |
Teck Resources Ltd., Class B | 154,593 | 3,486,775 |
TELUS Corp. | 88,370 | 3,279,439 |
The Bank of Nova Scotia | 236,233 | 13,683,560 |
The Toronto-Dominion Bank | 280,886 | 16,942,125 |
Thomson Reuters Corp. | 84,216 | 3,748,531 |
TransAlta Corp. | 232,666 | 1,368,571 |
TransCanada Corp. | 146,193 | 6,231,379 |
Vermilion Energy, Inc. | 29,258 | 929,830 |
Waste Connections, Inc. | 12,786 | 1,015,565 |
West Fraser Timber Co., Ltd. | 18,183 | 1,207,180 |
WestJet Airlines Ltd. (b) | 55,570 | 816,109 |
284,653,301 | ||
Denmark 0.9% | ||
AP Moller - Maersk A/S, A Shares | 2,798 | 4,037,004 |
AP Moller - Maersk A/S, B Shares | 2,840 | 4,393,233 |
Carlsberg A/S, B Shares | 23,601 | 2,887,693 |
Coloplast A/S, B Shares | 14,139 | 1,516,816 |
Danske Bank A/S | 95,489 | 2,815,820 |
DSV A/S | 20,902 | 1,963,110 |
ISS A/S | 59,608 | 2,085,666 |
Novo Nordisk A/S, B Shares | 202,823 | 9,962,941 |
Novozymes A/S, B Shares | 29,142 | 1,600,909 |
Orsted A/S | 14,908 | 944,604 |
Pandora A/S | 14,333 | 858,289 |
Vestas Wind Systems A/S | 30,033 | 2,097,473 |
35,163,558 | ||
Finland 1.0% | ||
Elisa Oyj | 26,290 | 1,127,183 |
Fortum Oyj | 145,545 | 3,691,646 |
Kesko Oyj, B Shares | 51,234 | 2,992,459 |
Kone Oyj, B Shares | 64,700 | 3,501,200 |
Metso Oyj | 36,326 | 1,278,525 |
Neste Oyj | 38,841 | 3,380,323 |
Nokia Oyj | 1,222,805 | 6,826,274 |
Nokian Renkaat Oyj | 28,778 | 1,190,327 |
Orion Oyj, Class B | 32,739 | 1,206,368 |
Security | Number of Shares | Value ($) |
Sampo Oyj, A Shares | 72,360 | 3,710,290 |
Stora Enso Oyj, R Shares | 183,142 | 3,416,828 |
UPM-Kymmene Oyj | 161,084 | 6,222,383 |
Wartsila Oyj Abp | 73,550 | 1,556,616 |
40,100,422 | ||
France 9.5% | ||
Accor S.A. | 41,790 | 2,095,636 |
Air France-KLM * | 119,493 | 1,150,335 |
Air Liquide S.A. | 80,734 | 10,191,837 |
Airbus SE | 59,937 | 7,410,219 |
Alstom S.A. | 61,971 | 2,739,923 |
Arkema S.A. | 24,128 | 3,029,068 |
Atos SE | 15,321 | 1,839,641 |
AXA S.A. | 502,503 | 12,713,476 |
BNP Paribas S.A. | 263,161 | 15,486,975 |
Bollore S.A. | 208,857 | 1,002,153 |
Bouygues S.A. | 96,881 | 4,286,780 |
Bureau Veritas S.A. | 45,694 | 1,177,072 |
Capgemini SE | 28,766 | 3,706,717 |
Carrefour S.A. | 456,979 | 8,172,150 |
Casino Guichard Perrachon S.A. (b) | 68,020 | 2,161,347 |
CGG S.A. * | 586,003 | 1,629,536 |
CNP Assurances | 50,926 | 1,177,345 |
Compagnie de Saint-Gobain | 212,959 | 9,183,881 |
Credit Agricole S.A. | 261,896 | 3,593,210 |
Danone S.A. | 116,302 | 9,177,221 |
Eiffage S.A. | 19,238 | 2,170,295 |
Electricite de France S.A. | 347,757 | 5,709,120 |
Engie S.A. | 1,191,972 | 17,516,029 |
Essilor International S.A. | 21,879 | 3,164,207 |
Eurazeo S.A. | 16,699 | 1,270,675 |
Eutelsat Communications S.A. | 49,533 | 1,175,685 |
Faurecia S.A. | 24,937 | 1,531,369 |
Kering S.A. | 7,360 | 4,007,651 |
Klepierre S.A. | 28,078 | 1,009,464 |
L'Oreal S.A. | 31,858 | 7,661,702 |
Legrand S.A. | 39,225 | 2,961,924 |
LVMH Moet Hennessy Louis Vuitton SE | 29,551 | 10,378,381 |
Natixis S.A. | 197,892 | 1,323,922 |
Orange S.A. | 1,056,361 | 17,145,605 |
Pernod-Ricard S.A. | 28,433 | 4,499,123 |
Peugeot S.A. | 165,478 | 4,563,046 |
Publicis Groupe S.A. | 43,763 | 2,815,778 |
Rallye S.A. (b) | 89,088 | 924,592 |
Renault S.A. | 72,700 | 6,276,313 |
Rexel S.A. | 218,667 | 3,447,377 |
Safran S.A. | 35,226 | 4,602,665 |
Sanofi | 316,489 | 27,135,225 |
Schneider Electric SE | 143,576 | 11,733,636 |
SCOR SE | 52,945 | 2,150,508 |
Societe Generale S.A. | 310,575 | 12,734,111 |
Sodexo S.A. | 22,276 | 2,325,373 |
Suez | 161,229 | 2,336,432 |
TechnipFMC plc | 17,966 | 551,224 |
Teleperformance | 7,869 | 1,515,248 |
Thales S.A. | 15,244 | 2,152,311 |
Total S.A. | 1,168,249 | 73,223,189 |
Unibail-Rodamco-Westfield | 18,131 | 3,818,269 |
Valeo S.A. | 55,111 | 2,507,797 |
Veolia Environnement S.A. | 238,015 | 5,029,055 |
Vinci S.A. | 119,614 | 11,489,945 |
Vivendi S.A. | 430,014 | 11,182,177 |
Wendel S.A. | 7,112 | 1,055,866 |
377,019,811 | ||
Security | Number of Shares | Value ($) |
Germany 8.3% | ||
adidas AG | 26,583 | 6,646,709 |
Allianz SE | 104,605 | 22,350,435 |
Aurubis AG | 28,860 | 2,128,212 |
BASF SE | 320,189 | 29,687,695 |
Bayer AG | 167,762 | 15,689,454 |
Bayerische Motoren Werke AG | 181,989 | 17,661,578 |
Beiersdorf AG | 12,443 | 1,452,086 |
Bilfinger SE | 27,334 | 1,321,101 |
Brenntag AG | 50,234 | 3,035,750 |
Commerzbank AG * | 333,181 | 3,157,458 |
Continental AG | 28,783 | 5,292,938 |
Covestro AG | 16,906 | 1,443,394 |
Daimler AG | 428,685 | 27,781,758 |
Deutsche Bank AG | 651,310 | 7,352,165 |
Deutsche Boerse AG | 20,115 | 2,785,052 |
Deutsche Lufthansa AG | 101,316 | 2,651,147 |
Deutsche Post AG | 265,659 | 9,708,647 |
Deutsche Telekom AG * | 1,378,778 | 22,314,529 |
E.ON SE | 1,483,160 | 15,841,523 |
Evonik Industries AG | 57,480 | 2,147,451 |
Freenet AG | 46,998 | 1,252,768 |
Fresenius Medical Care AG & Co. KGaA | 39,058 | 3,965,441 |
Fresenius SE & Co. KGaA | 70,692 | 5,410,413 |
FUCHS PETROLUB SE | 1,654 | 89,005 |
GEA Group AG | 36,960 | 1,407,486 |
Hannover Rueck SE | 13,460 | 1,852,661 |
HeidelbergCement AG | 46,367 | 3,699,753 |
Henkel AG & Co. KGaA | 18,692 | 2,091,083 |
HUGO BOSS AG | 20,217 | 1,618,816 |
Infineon Technologies AG | 107,986 | 2,754,065 |
Innogy SE | 63,999 | 2,785,654 |
K+S AG | 102,637 | 2,339,998 |
KION Group AG | 11,670 | 798,660 |
LANXESS AG | 32,063 | 2,524,822 |
Leoni AG | 17,904 | 773,466 |
Linde AG | 41,156 | 9,395,035 |
MAN SE | 11,218 | 1,222,333 |
Merck KGaA | 18,098 | 1,905,239 |
METRO AG | 161,137 | 2,522,582 |
MTU Aero Engines AG | 7,329 | 1,610,805 |
Muenchener Rueckversicherungs-Gesellschaft AG | 45,276 | 9,787,685 |
OSRAM Licht AG | 22,561 | 1,015,339 |
ProSiebenSat.1 Media SE | 73,437 | 1,938,723 |
Rheinmetall AG | 9,071 | 991,242 |
RWE AG | 448,218 | 11,394,807 |
Salzgitter AG | 25,203 | 1,144,503 |
SAP SE | 99,717 | 12,022,064 |
Siemens AG | 202,830 | 26,426,454 |
Suedzucker AG | 60,083 | 827,693 |
Symrise AG | 12,282 | 1,149,782 |
Telefonica Deutschland Holding AG | 218,497 | 910,874 |
ThyssenKrupp AG | 107,396 | 2,487,858 |
Uniper SE | 230,954 | 7,072,576 |
Volkswagen AG | 17,025 | 2,747,450 |
Vonovia SE | 38,419 | 1,975,315 |
332,361,532 | ||
Hong Kong 1.6% | ||
AIA Group Ltd. | 838,750 | 7,234,565 |
BOC Hong Kong Holdings Ltd. | 481,598 | 2,350,037 |
China Mengniu Dairy Co., Ltd. * | 418,904 | 1,208,854 |
CK Asset Holdings Ltd. | 259,930 | 1,852,882 |
CK Hutchison Holdings Ltd. | 303,481 | 3,497,287 |
CLP Holdings Ltd. | 375,428 | 4,412,495 |
Security | Number of Shares | Value ($) |
Galaxy Entertainment Group Ltd. | 220,665 | 1,633,431 |
Hang Seng Bank Ltd. | 94,166 | 2,553,036 |
Hong Kong & China Gas Co., Ltd. | 884,855 | 1,821,817 |
Hong Kong Exchanges & Clearing Ltd. | 42,440 | 1,207,952 |
Hongkong Land Holdings Ltd. | 134,426 | 930,228 |
Jardine Matheson Holdings Ltd. | 54,570 | 3,444,458 |
Jardine Strategic Holdings Ltd. | 40,959 | 1,486,812 |
Li & Fung Ltd. | 5,004,439 | 1,421,842 |
Link REIT | 154,265 | 1,536,970 |
MTR Corp. Ltd. | 261,013 | 1,345,154 |
New World Development Co., Ltd. | 1,719,451 | 2,295,844 |
Noble Group Ltd. *(b) | 44,690,256 | 4,044,810 |
PCCW Ltd. | 1,536,159 | 816,138 |
Sands China Ltd. | 458,680 | 2,238,205 |
SJM Holdings Ltd. | 1,471,532 | 1,664,845 |
Sun Hung Kai Properties Ltd. | 298,502 | 4,430,619 |
Swire Pacific Ltd., Class A | 300,082 | 3,393,122 |
Swire Pacific Ltd., Class B | 454,400 | 827,876 |
Techtronic Industries Co., Ltd. | 177,020 | 1,082,567 |
The Wharf Holdings Ltd. | 286,743 | 818,337 |
Want Want China Holdings Ltd. | 1,386,842 | 1,132,599 |
WH Group Ltd. | 1,351,064 | 1,019,034 |
Wheelock & Co., Ltd. | 176,833 | 1,109,585 |
Yue Yuen Industrial Holdings Ltd. | 290,198 | 804,164 |
63,615,565 | ||
Ireland 0.8% | ||
AerCap Holdings N.V. * | 28,395 | 1,617,663 |
Bank of Ireland Group plc | 165,213 | 1,353,266 |
CRH plc | 200,230 | 6,665,201 |
Experian plc | 148,953 | 3,717,151 |
Kerry Group plc, A Shares | 15,594 | 1,782,610 |
Seagate Technology plc | 183,239 | 9,810,616 |
Shire plc | 64,813 | 3,789,566 |
Smurfit Kappa Group plc | 70,985 | 2,905,552 |
31,641,625 | ||
Israel 0.5% | ||
Bank Hapoalim B.M. | 198,063 | 1,486,821 |
Bank Leumi Le-Israel | 209,821 | 1,412,447 |
Bezeq The Israeli Telecommunication Corp., Ltd. | 1,411,542 | 1,690,211 |
Check Point Software Technologies Ltd. * | 12,886 | 1,497,224 |
Israel Chemicals Ltd. | 345,031 | 2,019,726 |
Teva Pharmaceutical Industries Ltd. | 547,058 | 12,821,530 |
20,927,959 | ||
Italy 2.9% | ||
Assicurazioni Generali S.p.A. | 360,676 | 6,019,828 |
Atlantia S.p.A. | 88,698 | 1,852,442 |
BPER Banca | 225,100 | 994,972 |
Enel S.p.A. | 3,718,999 | 18,433,250 |
Eni S.p.A. | 1,981,104 | 36,834,120 |
EXOR N.V. | 104,593 | 6,812,425 |
Intesa Sanpaolo S.p.A. | 3,733,830 | 9,242,519 |
Leonardo S.p.A. | 83,982 | 942,931 |
Luxottica Group S.p.A. | 27,393 | 1,820,514 |
Mediobanca S.p.A. | 84,517 | 788,257 |
Poste Italiane S.p.A. | 165,184 | 1,274,614 |
Prysmian S.p.A. | 44,777 | 1,157,618 |
Saipem S.p.A. * | 505,771 | 2,708,702 |
Snam S.p.A. | 619,051 | 2,546,859 |
Telecom Italia S.p.A. * | 7,130,962 | 4,554,983 |
Telecom Italia S.p.A. - RSP | 4,376,653 | 2,438,671 |
Terna Rete Elettrica Nazionale S.p.A. | 284,445 | 1,497,887 |
Security | Number of Shares | Value ($) |
UniCredit S.p.A. | 776,794 | 11,237,843 |
Unione di Banche Italiane S.p.A. | 516,879 | 1,908,206 |
Unipol Gruppo S.p.A. | 229,126 | 947,720 |
114,014,361 | ||
Japan 23.7% | ||
Aeon Co., Ltd. | 327,499 | 7,107,601 |
AGC, Inc. | 103,810 | 4,166,068 |
Air Water, Inc. | 53,457 | 960,331 |
Aisin Seiki Co., Ltd. | 84,228 | 3,904,333 |
Ajinomoto Co., Inc. | 149,687 | 2,545,968 |
Alfresa Holdings Corp. | 119,378 | 3,000,464 |
Alps Electric Co., Ltd. | 50,844 | 1,531,487 |
Amada Holdings Co., Ltd. | 81,940 | 877,889 |
ANA Holdings, Inc. | 40,371 | 1,401,344 |
Asahi Group Holdings Ltd. | 76,782 | 3,475,392 |
Asahi Kasei Corp. | 400,080 | 5,881,142 |
Asics Corp. | 50,298 | 753,892 |
Astellas Pharma, Inc. | 453,919 | 7,704,158 |
Bandai Namco Holdings, Inc. | 56,689 | 2,203,450 |
Bridgestone Corp. | 268,373 | 9,906,215 |
Brother Industries Ltd. | 67,664 | 1,392,517 |
Canon, Inc. | 396,519 | 12,741,103 |
Casio Computer Co., Ltd. | 62,684 | 1,009,072 |
Central Japan Railway Co. | 45,435 | 9,143,545 |
Chubu Electric Power Co., Inc. | 393,129 | 5,727,555 |
Chugai Pharmaceutical Co., Ltd. | 20,809 | 1,208,549 |
Coca-Cola Bottlers Japan Holdings, Inc. | 28,679 | 814,708 |
COMSYS Holdings Corp. | 35,904 | 976,242 |
Concordia Financial Group Ltd. | 61,530 | 295,761 |
Cosmo Energy Holdings Co., Ltd. | 16,448 | 607,427 |
Credit Saison Co., Ltd. | 53,206 | 882,888 |
Dai Nippon Printing Co., Ltd. | 172,840 | 3,885,919 |
Dai-ichi Life Holdings, Inc. | 251,797 | 4,807,271 |
Daicel Corp. | 107,181 | 1,215,011 |
Daido Steel Co., Ltd. | 13,386 | 612,049 |
Daiichi Sankyo Co., Ltd. | 143,039 | 5,595,916 |
Daikin Industries Ltd. | 39,100 | 4,996,591 |
Daito Trust Construction Co., Ltd. | 16,506 | 2,478,468 |
Daiwa House Industry Co., Ltd. | 142,192 | 4,345,842 |
Daiwa Securities Group, Inc. | 368,757 | 2,216,167 |
Denka Co., Ltd. | 28,930 | 992,728 |
Denso Corp. | 154,028 | 7,438,517 |
Dentsu, Inc. | 56,550 | 2,646,837 |
DIC Corp. | 45,350 | 1,613,435 |
Don Quijote Holdings Co., Ltd. | 27,668 | 1,347,407 |
Dowa Holdings Co., Ltd. | 34,016 | 1,020,005 |
East Japan Railway Co. | 97,440 | 8,835,814 |
Ebara Corp. | 33,135 | 1,135,528 |
EDION Corp. | 78,632 | 902,015 |
Eisai Co., Ltd. | 45,775 | 4,152,920 |
Electric Power Development Co., Ltd. | 68,981 | 1,829,581 |
FANUC Corp. | 22,457 | 4,409,985 |
Fast Retailing Co., Ltd. | 6,878 | 3,213,682 |
Fuji Electric Co., Ltd. | 169,286 | 1,366,379 |
FUJIFILM Holdings Corp. | 173,307 | 7,344,272 |
Fujikura Ltd. | 131,538 | 813,772 |
Fujitsu Ltd. | 1,020,050 | 7,479,845 |
Furukawa Electric Co., Ltd. | 26,662 | 919,711 |
H2O Retailing Corp. | 47,236 | 743,780 |
Hakuhodo DY Holdings, Inc. | 111,227 | 1,880,783 |
Hankyu Hanshin Holdings, Inc. | 57,274 | 2,047,990 |
Hanwa Co., Ltd. | 31,230 | 1,056,162 |
Haseko Corp. | 68,370 | 887,882 |
Hino Motors Ltd. | 133,263 | 1,406,121 |
Hitachi Construction Machinery Co., Ltd. | 30,957 | 926,881 |
Hitachi Ltd. | 2,353,645 | 15,399,463 |
Security | Number of Shares | Value ($) |
Hitachi Metals Ltd. | 82,798 | 958,765 |
Hokuriku Electric Power Co. * | 137,279 | 1,351,929 |
Honda Motor Co., Ltd. | 815,075 | 24,198,286 |
Hoya Corp. | 60,562 | 3,548,463 |
Ibiden Co., Ltd. | 64,251 | 935,213 |
Idemitsu Kosan Co., Ltd. | 95,560 | 4,834,663 |
IHI Corp. | 50,852 | 1,779,373 |
Iida Group Holdings Co., Ltd. | 86,438 | 1,599,592 |
Inpex Corp. | 525,749 | 5,760,789 |
Isetan Mitsukoshi Holdings Ltd. | 198,587 | 2,249,405 |
Isuzu Motors Ltd. | 217,878 | 3,157,595 |
ITOCHU Corp. | 460,146 | 8,065,056 |
J Front Retailing Co., Ltd. | 119,931 | 1,708,896 |
Japan Display, Inc. * | 616,170 | 933,549 |
Japan Post Bank Co., Ltd. | 106,588 | 1,247,700 |
Japan Post Holdings Co., Ltd. | 246,257 | 2,931,499 |
Japan Tobacco, Inc. | 289,112 | 7,618,571 |
JFE Holdings, Inc. | 302,179 | 6,626,218 |
JGC Corp. | 109,944 | 2,219,008 |
JSR Corp. | 60,107 | 1,169,237 |
JTEKT Corp. | 109,338 | 1,535,278 |
JXTG Holdings, Inc. | 1,975,170 | 13,936,718 |
K's Holdings Corp. | 92,267 | 1,119,170 |
Kajima Corp. | 193,521 | 1,396,192 |
Kamigumi Co., Ltd. | 42,474 | 864,151 |
Kaneka Corp. | 140,316 | 1,284,400 |
Kao Corp. | 75,341 | 5,860,271 |
Kawasaki Heavy Industries Ltd. | 67,243 | 1,843,520 |
Kawasaki Kisen Kaisha Ltd. *(b) | 71,862 | 1,332,446 |
KDDI Corp. | 550,911 | 14,611,798 |
Keio Corp. | 24,695 | 1,227,122 |
Kewpie Corp. | 40,497 | 978,049 |
Keyence Corp. | 3,292 | 1,867,104 |
Kikkoman Corp. | 26,627 | 1,337,533 |
Kinden Corp. | 57,468 | 908,521 |
Kintetsu Group Holdings Co., Ltd. | 40,087 | 1,576,221 |
Kirin Holdings Co., Ltd. | 209,807 | 5,198,582 |
Kobe Steel Ltd. | 294,386 | 2,469,035 |
Koito Manufacturing Co., Ltd. | 17,168 | 1,063,662 |
Komatsu Ltd. | 228,286 | 6,507,752 |
Konica Minolta, Inc. | 291,482 | 2,973,045 |
Kubota Corp. | 200,777 | 3,144,242 |
Kuraray Co., Ltd. | 120,061 | 1,745,397 |
Kyocera Corp. | 82,613 | 5,222,682 |
Kyowa Hakko Kirin Co., Ltd. | 51,380 | 912,825 |
Kyushu Electric Power Co., Inc. | 134,162 | 1,507,561 |
Kyushu Railway Co. | 36,169 | 1,089,457 |
Leopalace21 Corp. | 114,736 | 610,491 |
LIXIL Group Corp. | 96,243 | 1,891,270 |
Makita Corp. | 35,862 | 1,630,017 |
Marubeni Corp. | 835,769 | 6,870,966 |
Matsumotokiyoshi Holdings Co., Ltd. | 26,049 | 986,660 |
Mazda Motor Corp. | 361,315 | 4,198,533 |
Medipal Holdings Corp. | 118,256 | 2,389,969 |
MEIJI Holdings Co., Ltd. | 28,874 | 1,921,722 |
MINEBEA MITSUMI, Inc. | 56,988 | 1,072,074 |
Mitsubishi Chemical Holdings Corp. | 492,237 | 4,421,410 |
Mitsubishi Corp. | 417,895 | 11,950,625 |
Mitsubishi Electric Corp. | 603,852 | 8,168,625 |
Mitsubishi Estate Co., Ltd. | 170,903 | 2,842,860 |
Mitsubishi Gas Chemical Co., Inc. | 38,634 | 805,536 |
Mitsubishi Heavy Industries Ltd. | 183,764 | 6,837,807 |
Mitsubishi Materials Corp. | 74,496 | 2,018,853 |
Mitsubishi Motors Corp. | 438,178 | 3,129,702 |
Mitsubishi Tanabe Pharma Corp. | 49,335 | 824,438 |
Mitsubishi UFJ Financial Group, Inc. | 3,312,453 | 20,038,720 |
Mitsui & Co., Ltd. | 686,160 | 11,463,330 |
Mitsui Chemicals, Inc. | 69,923 | 1,812,316 |
Security | Number of Shares | Value ($) |
Mitsui Fudosan Co., Ltd. | 179,329 | 4,115,098 |
Mitsui Mining & Smelting Co., Ltd. | 23,288 | 668,912 |
Mitsui OSK Lines Ltd. | 73,995 | 1,993,931 |
Mizuho Financial Group, Inc. | 7,115,846 | 12,520,193 |
MS&AD Insurance Group Holdings, Inc. | 130,720 | 4,025,872 |
Murata Manufacturing Co., Ltd. | 30,183 | 5,222,175 |
Nagase & Co., Ltd. | 75,757 | 1,265,976 |
Nagoya Railroad Co., Ltd. | 52,780 | 1,206,631 |
NEC Corp. | 195,144 | 5,402,823 |
NGK Insulators Ltd. | 59,226 | 966,759 |
NGK Spark Plug Co., Ltd. | 50,343 | 1,434,674 |
NH Foods Ltd. | 50,979 | 1,864,272 |
NHK Spring Co., Ltd. | 130,176 | 1,379,418 |
Nichirei Corp. | 34,350 | 864,907 |
Nidec Corp. | 17,139 | 2,489,278 |
Nikon Corp. | 133,588 | 2,562,490 |
Nintendo Co., Ltd. | 5,235 | 1,895,997 |
Nippon Electric Glass Co., Ltd. | 44,682 | 1,438,560 |
Nippon Express Co., Ltd. | 38,489 | 2,415,867 |
Nippon Paper Industries Co., Ltd. | 72,715 | 1,326,622 |
Nippon Shokubai Co., Ltd. | 11,832 | 873,915 |
Nippon Steel & Sumitomo Metal Corp. | 436,192 | 8,793,860 |
Nippon Telegraph & Telephone Corp. | 351,228 | 15,679,114 |
Nippon Yusen K.K. | 168,333 | 3,181,909 |
Nissan Motor Co., Ltd. | 1,238,546 | 11,616,430 |
Nisshin Seifun Group, Inc. | 63,481 | 1,272,654 |
Nissin Foods Holdings Co., Ltd. | 13,540 | 865,749 |
Nitori Holdings Co., Ltd. | 8,295 | 1,261,998 |
Nitto Denko Corp. | 38,097 | 2,964,341 |
NOK Corp. | 50,973 | 975,467 |
Nomura Holdings, Inc. | 738,111 | 3,384,853 |
Nomura Real Estate Holdings, Inc. | 46,666 | 1,013,829 |
NSK Ltd. | 143,415 | 1,630,936 |
NTN Corp. | 227,018 | 933,582 |
NTT Data Corp. | 193,133 | 2,487,207 |
NTT DOCOMO, Inc. | 417,147 | 10,853,308 |
Obayashi Corp. | 158,938 | 1,492,127 |
Odakyu Electric Railway Co., Ltd. | 55,438 | 1,201,402 |
Oji Holdings Corp. | 362,766 | 2,489,651 |
Olympus Corp. | 44,861 | 1,830,690 |
Omron Corp. | 43,783 | 1,964,381 |
Ono Pharmaceutical Co., Ltd. | 37,758 | 994,304 |
Oriental Land Co., Ltd. | 15,848 | 1,701,496 |
ORIX Corp. | 231,218 | 3,726,262 |
Osaka Gas Co., Ltd. | 190,194 | 3,559,973 |
Otsuka Holdings Co., Ltd. | 97,687 | 4,590,765 |
Panasonic Corp. | 828,150 | 9,907,030 |
Recruit Holdings Co., Ltd. | 116,066 | 3,545,254 |
Renesas Electronics Corp. * | 39,766 | 301,244 |
Rengo Co., Ltd. | 105,912 | 911,215 |
Resona Holdings, Inc. | 573,997 | 3,260,682 |
Ricoh Co., Ltd. | 460,758 | 4,840,899 |
Rohm Co., Ltd. | 16,100 | 1,456,311 |
Ryohin Keikaku Co., Ltd. | 2,454 | 730,324 |
San-Ai Oil Co., Ltd. | 18,702 | 233,427 |
Secom Co., Ltd. | 44,744 | 3,690,164 |
Sega Sammy Holdings, Inc. | 71,755 | 1,159,624 |
Seibu Holdings, Inc. | 58,356 | 1,054,129 |
Seiko Epson Corp. | 101,518 | 1,740,413 |
Seino Holdings Co., Ltd. | 78,184 | 1,199,360 |
Sekisui Chemical Co., Ltd. | 144,163 | 2,511,818 |
Sekisui House Ltd. | 244,809 | 4,003,798 |
Seven & i Holdings Co., Ltd. | 282,569 | 11,531,088 |
Shimadzu Corp. | 35,404 | 1,052,047 |
Shimamura Co., Ltd. | 12,953 | 1,199,687 |
Shimano, Inc. | 10,946 | 1,691,973 |
Shimizu Corp. | 175,528 | 1,538,650 |
Shin-Etsu Chemical Co., Ltd. | 57,927 | 5,446,084 |
Security | Number of Shares | Value ($) |
Shionogi & Co., Ltd. | 28,940 | 1,684,959 |
Shiseido Co., Ltd. | 38,108 | 2,688,885 |
Showa Denko K.K. | 45,484 | 2,169,909 |
Showa Shell Sekiyu K.K. | 124,410 | 2,514,342 |
Skylark Holdings Co., Ltd. | 42,574 | 609,324 |
SMC Corp. | 5,976 | 1,992,449 |
SoftBank Group Corp. | 194,851 | 18,099,520 |
Sojitz Corp. | 775,410 | 2,706,260 |
Sompo Holdings, Inc. | 87,950 | 3,762,770 |
Sony Corp. | 206,480 | 11,820,670 |
Stanley Electric Co., Ltd. | 31,804 | 1,102,822 |
Subaru Corp. | 188,623 | 5,615,228 |
Sumitomo Chemical Co., Ltd. | 620,694 | 3,532,109 |
Sumitomo Corp. | 386,282 | 6,282,722 |
Sumitomo Electric Industries Ltd. | 405,097 | 6,422,515 |
Sumitomo Forestry Co., Ltd. | 63,413 | 1,027,098 |
Sumitomo Heavy Industries Ltd. | 41,038 | 1,337,894 |
Sumitomo Metal Mining Co., Ltd. | 69,597 | 2,253,264 |
Sumitomo Mitsui Financial Group, Inc. | 388,259 | 15,339,881 |
Sumitomo Mitsui Trust Holdings, Inc. | 94,128 | 3,786,851 |
Sumitomo Realty & Development Co., Ltd. | 75,822 | 2,632,590 |
Sumitomo Rubber Industries Ltd. | 106,074 | 1,576,498 |
Suntory Beverage & Food Ltd. | 33,258 | 1,366,192 |
Suzuken Co., Ltd. | 51,406 | 2,341,167 |
Suzuki Motor Corp. | 101,122 | 6,593,426 |
T&D Holdings, Inc. | 148,157 | 2,257,395 |
Taiheiyo Cement Corp. | 53,009 | 1,606,261 |
Taisei Corp. | 45,706 | 2,048,598 |
Takashimaya Co., Ltd. | 69,940 | 1,131,554 |
Takeda Pharmaceutical Co., Ltd. | 164,078 | 6,885,106 |
TDK Corp. | 37,606 | 4,235,911 |
Teijin Ltd. | 79,568 | 1,579,377 |
Terumo Corp. | 35,818 | 1,980,109 |
The Chiba Bank Ltd. | 120,806 | 795,314 |
The Chugoku Electric Power Co., Inc. | 168,089 | 2,104,050 |
The Kansai Electric Power Co., Inc. | 264,000 | 3,791,496 |
The Yokohama Rubber Co., Ltd. | 54,238 | 1,142,136 |
TIS, Inc. | 26,226 | 1,267,722 |
Tobu Railway Co., Ltd. | 49,166 | 1,374,529 |
Toho Gas Co., Ltd. | 35,274 | 1,184,972 |
Toho Holdings Co., Ltd. | 42,574 | 1,123,814 |
Tohoku Electric Power Co., Inc. | 254,421 | 3,198,475 |
Tokio Marine Holdings, Inc. | 140,714 | 6,645,797 |
Tokyo Electric Power Co. Holdings, Inc. * | 1,869,853 | 8,667,578 |
Tokyo Electron Ltd. | 14,899 | 2,536,129 |
Tokyo Gas Co., Ltd. | 227,323 | 5,397,858 |
Tokyu Corp. | 128,367 | 2,120,831 |
Tokyu Fudosan Holdings Corp. | 150,944 | 1,030,478 |
Toppan Printing Co., Ltd. | 318,716 | 2,492,012 |
Toray Industries, Inc. | 450,577 | 3,387,708 |
Toshiba Corp. * | 1,504,559 | 4,504,790 |
Tosoh Corp. | 82,240 | 1,294,955 |
TOTO Ltd. | 25,171 | 1,066,904 |
Toyo Seikan Group Holdings Ltd. | 121,512 | 2,305,643 |
Toyo Suisan Kaisha Ltd. | 32,482 | 1,199,565 |
Toyoda Gosei Co., Ltd. | 42,477 | 1,061,877 |
Toyota Industries Corp. | 48,073 | 2,726,962 |
Toyota Motor Corp. | 832,920 | 52,055,153 |
Toyota Tsusho Corp. | 139,806 | 4,778,507 |
TS Tech Co., Ltd. | 21,964 | 830,942 |
Tsuruha Holdings, Inc. | 6,216 | 711,377 |
Ube Industries Ltd. | 56,013 | 1,428,045 |
Unicharm Corp. | 46,953 | 1,537,929 |
West Japan Railway Co. | 57,424 | 3,861,238 |
Yakult Honsha Co., Ltd. | 11,632 | 828,722 |
Yamada Denki Co., Ltd. (b) | 477,717 | 2,373,829 |
Yamaha Corp. | 26,331 | 1,260,924 |
Yamaha Motor Co., Ltd. | 79,483 | 2,019,242 |
Security | Number of Shares | Value ($) |
Yamato Holdings Co., Ltd. | 121,571 | 3,622,407 |
Yamazaki Baking Co., Ltd. | 57,503 | 1,121,175 |
Yaskawa Electric Corp. | 22,764 | 765,746 |
Yokogawa Electric Corp. | 62,116 | 1,276,659 |
945,759,320 | ||
Luxembourg 0.4% | ||
ArcelorMittal | 327,319 | 9,878,874 |
Millicom International Cellular S.A. | 34,533 | 1,990,010 |
RTL Group S.A. | 14,162 | 1,064,445 |
SES S.A. | 102,491 | 2,060,609 |
Tenaris S.A. | 151,437 | 2,546,045 |
17,539,983 | ||
Netherlands 5.2% | ||
ABN AMRO Group N.V. | 42,523 | 1,154,263 |
Aegon N.V. | 802,043 | 4,820,791 |
Akzo Nobel N.V. | 56,717 | 5,313,532 |
Altice Europe N.V. * | 198,129 | 597,516 |
Altice Europe N.V., Class B * | 51,500 | 155,074 |
ASML Holding N.V. | 19,468 | 3,978,423 |
ASR Nederland N.V. | 18,425 | 881,080 |
Boskalis Westminster (b) | 40,480 | 1,161,919 |
Gemalto N.V. * | 21,642 | 1,259,527 |
HAL Trust (b) | 8,591 | 1,507,340 |
Heineken Holding N.V. | 27,888 | 2,663,954 |
Heineken N.V. | 35,900 | 3,556,267 |
ING Groep N.V. | 692,360 | 9,417,003 |
Koninklijke Ahold Delhaize N.V. | 559,103 | 13,634,818 |
Koninklijke DSM N.V. | 41,613 | 4,375,902 |
Koninklijke KPN N.V. | 1,387,482 | 3,553,151 |
Koninklijke Philips N.V. | 219,217 | 9,817,217 |
NN Group N.V. | 59,123 | 2,540,399 |
Randstad N.V. | 45,853 | 2,878,763 |
RELX N.V. | 103,059 | 2,287,866 |
Royal Dutch Shell plc, A Shares | 1,465,947 | 47,740,550 |
Royal Dutch Shell plc, B Shares | 1,949,651 | 64,377,743 |
Signify N.V. | 40,007 | 1,128,327 |
Unilever N.V. CVA | 254,966 | 14,697,665 |
VEON Ltd. ADR | 389,584 | 1,129,794 |
Wolters Kluwer N.V. | 45,823 | 2,911,001 |
X5 Retail Group N.V. GDR | 24,646 | 563,408 |
208,103,293 | ||
New Zealand 0.1% | ||
Contact Energy Ltd. | 285,180 | 1,050,154 |
Fletcher Building Ltd. | 452,092 | 1,907,765 |
Spark New Zealand Ltd. | 787,113 | 2,083,775 |
5,041,694 | ||
Norway 1.0% | ||
DNB A.S.A. | 209,941 | 4,287,840 |
Equinor A.S.A. | 733,428 | 18,864,764 |
Marine Harvest A.S.A. | 90,892 | 1,968,872 |
Norsk Hydro A.S.A. | 427,561 | 2,367,698 |
Orkla A.S.A. | 203,782 | 1,681,390 |
Telenor A.S.A. | 219,692 | 4,153,360 |
Yara International A.S.A. | 100,657 | 4,646,060 |
37,969,984 | ||
Security | Number of Shares | Value ($) |
Portugal 0.2% | ||
EDP - Energias de Portugal S.A. | 1,330,431 | 5,208,872 |
Galp Energia, SGPS, S.A. | 172,152 | 3,499,220 |
Jeronimo Martins, SGPS, S.A. | 55,158 | 828,195 |
9,536,287 | ||
Singapore 0.8% | ||
CapitaLand Ltd. | 432,854 | 1,083,675 |
ComfortDelGro Corp., Ltd. | 735,947 | 1,230,115 |
DBS Group Holdings Ltd. | 249,046 | 4,535,380 |
Flex Ltd. * | 162,557 | 2,241,661 |
Hutchison Port Holdings Trust | 2,405,693 | 589,395 |
Jardine Cycle & Carriage Ltd. | 50,969 | 1,206,842 |
Keppel Corp., Ltd. | 650,211 | 3,099,068 |
Oversea-Chinese Banking Corp., Ltd. | 480,850 | 3,965,990 |
Sembcorp Industries Ltd. | 503,087 | 1,002,465 |
Singapore Airlines Ltd. | 239,330 | 1,711,933 |
Singapore Press Holdings Ltd. | 536,495 | 1,096,446 |
Singapore Telecommunications Ltd. | 1,922,966 | 4,533,543 |
United Overseas Bank Ltd. | 197,699 | 3,904,774 |
Wilmar International Ltd. | 974,196 | 2,275,411 |
32,476,698 | ||
Spain 3.3% | ||
Acciona S.A. (b) | 15,511 | 1,368,688 |
ACS, Actividades de Construccion y Servicios S.A. | 90,031 | 3,758,467 |
Aena SME S.A. | 6,059 | 1,075,071 |
Amadeus IT Group S.A. | 36,170 | 3,363,336 |
Banco Bilbao Vizcaya Argentaria S.A. | 1,229,103 | 7,679,427 |
Banco de Sabadell S.A. | 1,336,912 | 2,056,366 |
Banco Santander S.A. | 6,592,542 | 32,890,761 |
Bankinter S.A. | 89,433 | 797,480 |
CaixaBank S.A. | 480,064 | 2,156,578 |
Distribuidora Internacional de Alimentacion S.A. (b) | 344,060 | 818,241 |
Enagas S.A. | 52,331 | 1,458,246 |
Endesa S.A. | 241,680 | 5,424,244 |
Ferrovial S.A. | 108,850 | 2,358,799 |
Grifols S.A. | 32,595 | 960,622 |
Iberdrola S.A. | 1,736,054 | 12,971,786 |
Industria de Diseno Textil S.A. | 139,456 | 4,226,795 |
Mapfre S.A. | 415,931 | 1,228,712 |
Naturgy Energy Group S.A. | 142,555 | 3,836,404 |
Red Electrica Corp. S.A. | 80,760 | 1,700,753 |
Repsol S.A. | 798,030 | 15,380,728 |
Telefonica S.A. | 2,930,146 | 23,820,246 |
129,331,750 | ||
Sweden 2.5% | ||
Alfa Laval AB | 58,233 | 1,562,194 |
Assa Abloy AB, B Shares | 135,438 | 2,763,179 |
Atlas Copco AB, A Shares | 125,940 | 3,593,579 |
Atlas Copco AB, B Shares | 61,828 | 1,636,304 |
Autoliv, Inc. | 22,887 | 2,039,003 |
Boliden AB | 66,760 | 1,749,295 |
Electrolux AB, Series B | 58,297 | 1,301,664 |
Epiroc AB, A Shares * | 136,084 | 1,414,990 |
Epiroc AB, B Shares * | 61,378 | 587,550 |
Essity AB, B Shares | 117,732 | 3,053,974 |
Getinge AB, B Shares | 81,833 | 976,287 |
Hennes & Mauritz AB, B Shares (b) | 443,717 | 5,984,251 |
Hexagon AB, B Shares | 24,930 | 1,482,192 |
Husqvarna AB, B Shares | 120,357 | 957,697 |
Security | Number of Shares | Value ($) |
Nordea Bank AB | 770,146 | 8,328,227 |
Sandvik AB | 234,146 | 4,101,710 |
Securitas AB, B Shares | 117,444 | 2,091,418 |
Skandinaviska Enskilda Banken AB, A Shares | 319,280 | 3,410,704 |
Skanska AB, B Shares | 150,697 | 2,832,027 |
SKF AB, B Shares | 125,813 | 2,420,156 |
SSAB AB, A Shares | 65,008 | 283,613 |
SSAB AB, B Shares | 211,829 | 740,762 |
Svenska Cellulosa AB SCA, B Shares | 89,758 | 1,045,783 |
Svenska Handelsbanken AB, A Shares | 330,997 | 4,015,894 |
Swedbank AB, A Shares | 239,873 | 5,586,959 |
Swedish Match AB | 36,797 | 1,969,042 |
Tele2 AB, B Shares | 195,780 | 2,417,130 |
Telefonaktiebolaget LM Ericsson, B Shares | 1,799,582 | 15,194,059 |
Telia Co. AB | 1,312,497 | 5,826,648 |
Trelleborg AB, B Shares | 55,741 | 1,090,239 |
Veoneer, Inc. * | 22,727 | 1,134,986 |
Volvo AB, A Shares | 42,765 | 738,147 |
Volvo AB, B Shares | 396,939 | 6,842,690 |
99,172,353 | ||
Switzerland 6.4% | ||
ABB Ltd. | 525,830 | 12,423,964 |
Adecco Group AG | 73,115 | 4,489,265 |
Aryzta AG *(b) | 29,794 | 279,856 |
Baloise Holding AG | 8,794 | 1,354,882 |
Chocoladefabriken Lindt & Sprungli AG | 88 | 1,464,967 |
Cie Financiere Richemont S.A. | 93,978 | 8,327,903 |
Clariant AG * | 57,550 | 1,441,279 |
Coca-Cola HBC AG * | 39,857 | 1,366,593 |
Credit Suisse Group AG * | 409,332 | 6,143,578 |
Ferguson plc | 76,199 | 6,121,639 |
Geberit AG | 3,248 | 1,480,424 |
Georg Fischer AG | 738 | 968,382 |
Givaudan S.A. | 1,196 | 2,916,108 |
Glencore plc * | 5,549,192 | 22,614,981 |
Julius Baer Group Ltd. * | 17,060 | 908,832 |
Kuehne & Nagel International AG | 11,039 | 1,786,375 |
LafargeHolcim Ltd. * | 118,574 | 5,787,088 |
Lonza Group AG * | 5,682 | 1,832,505 |
Nestle S.A. | 577,749 | 48,616,703 |
Novartis AG | 430,870 | 35,811,530 |
Roche Holding AG | 126,711 | 31,550,004 |
Roche Holding AG, Bearer Shares | 5,701 | 1,433,650 |
Schindler Holding AG | 5,560 | 1,321,341 |
SGS S.A. | 755 | 1,993,087 |
Sika AG | 15,504 | 2,303,717 |
STMicroelectronics N.V. | 100,784 | 2,074,954 |
Swiss Life Holding AG * | 6,080 | 2,207,937 |
Swiss Prime Site AG * | 11,069 | 1,022,661 |
Swiss Re AG | 136,350 | 12,288,560 |
Swisscom AG | 6,937 | 3,105,188 |
TE Connectivity Ltd. | 58,720 | 5,383,450 |
The Swatch Group AG | 19,885 | 4,124,081 |
UBS Group AG * | 415,738 | 6,506,250 |
Vifor Pharma AG | 6,371 | 1,176,899 |
Zurich Insurance Group AG | 44,665 | 13,633,655 |
256,262,288 | ||
United Kingdom 15.2% | ||
3i Group plc | 106,742 | 1,243,646 |
Admiral Group plc | 46,772 | 1,264,471 |
Aggreko plc | 143,817 | 1,567,562 |
Anglo American plc | 348,122 | 6,975,299 |
Antofagasta plc | 120,136 | 1,257,918 |
Security | Number of Shares | Value ($) |
Ashtead Group plc | 65,106 | 1,998,760 |
Associated British Foods plc | 82,645 | 2,458,793 |
AstraZeneca plc | 328,927 | 24,774,941 |
Aviva plc | 790,064 | 4,980,394 |
Babcock International Group plc | 176,351 | 1,635,199 |
BAE Systems plc | 805,660 | 6,345,767 |
Balfour Beatty plc | 339,904 | 1,279,866 |
Barclays plc | 5,400,710 | 12,333,385 |
Barratt Developments plc | 251,633 | 1,772,665 |
Bellway plc | 26,530 | 1,006,195 |
Berkeley Group Holdings plc | 29,172 | 1,381,291 |
BHP Billiton plc | 853,398 | 18,233,090 |
BP plc | 12,738,733 | 90,617,349 |
British American Tobacco plc | 410,080 | 19,835,643 |
BT Group plc | 3,487,478 | 9,852,145 |
Bunzl plc | 70,101 | 2,184,908 |
Burberry Group plc | 89,352 | 2,596,784 |
Capita plc | 718,858 | 1,387,488 |
Carnival plc | 29,037 | 1,747,778 |
Centrica plc | 3,690,194 | 6,873,138 |
CNH Industrial N.V. | 206,511 | 2,474,837 |
Coca-Cola European Partners plc | 44,039 | 1,877,823 |
Compass Group plc | 269,171 | 5,802,343 |
Croda International plc | 18,126 | 1,201,522 |
DCC plc | 24,561 | 2,220,255 |
Delphi Technologies plc | 13,800 | 486,174 |
Diageo plc | 315,260 | 11,040,957 |
Direct Line Insurance Group plc | 594,621 | 2,557,388 |
Dixons Carphone plc | 582,974 | 1,252,511 |
Drax Group plc | 324,793 | 1,613,456 |
DS Smith plc | 199,860 | 1,283,254 |
easyJet plc | 91,293 | 1,809,535 |
Ensco plc, Class A | 516,430 | 3,532,381 |
Fiat Chrysler Automobiles N.V. * | 407,558 | 6,904,258 |
Firstgroup plc * | 1,619,002 | 1,865,459 |
G4S plc | 475,649 | 1,541,852 |
GlaxoSmithKline plc | 1,438,337 | 29,171,332 |
Greene King plc | 133,081 | 841,855 |
Hays plc | 365,865 | 967,234 |
Hiscox Ltd. | 49,041 | 1,074,036 |
HSBC Holdings plc | 4,700,669 | 40,867,732 |
IMI plc | 80,262 | 1,260,192 |
Imperial Brands plc | 280,783 | 10,014,161 |
Inchcape plc | 183,474 | 1,650,214 |
Informa plc | 169,358 | 1,678,218 |
Inmarsat plc | 182,588 | 1,291,963 |
InterContinental Hotels Group plc | 35,494 | 2,193,639 |
International Consolidated Airlines Group S.A. | 214,552 | 1,926,392 |
Intertek Group plc | 16,622 | 1,109,172 |
Investec plc | 128,847 | 848,062 |
ITV plc | 1,120,747 | 2,340,173 |
J Sainsbury plc | 1,667,078 | 7,024,713 |
John Wood Group plc | 333,284 | 3,112,873 |
Johnson Matthey plc | 105,337 | 4,786,434 |
Kingfisher plc | 1,422,428 | 5,056,468 |
Land Securities Group plc | 119,489 | 1,423,377 |
Legal & General Group plc | 1,180,413 | 3,901,576 |
Liberty Global plc, Class A * | 57,013 | 1,528,519 |
Liberty Global plc, Class C * | 143,158 | 3,706,361 |
Lloyds Banking Group plc | 11,642,159 | 8,973,211 |
London Stock Exchange Group plc | 17,151 | 1,030,782 |
Marks & Spencer Group plc | 1,237,485 | 4,850,996 |
Meggitt plc | 210,519 | 1,472,633 |
Mondi plc | 91,167 | 2,541,702 |
National Grid plc | 1,292,689 | 13,609,393 |
Next plc | 52,269 | 3,736,513 |
Old Mutual Ltd. * | 1,168,350 | 2,393,862 |
Security | Number of Shares | Value ($) |
Pearson plc | 396,593 | 4,728,936 |
Pennon Group plc | 114,088 | 1,139,725 |
Persimmon plc | 50,576 | 1,599,360 |
Petrofac Ltd. | 165,960 | 1,415,034 |
Phoenix Group Holdings | 119,163 | 1,099,663 |
Provident Financial plc * | 113,500 | 1,007,572 |
Prudential plc | 312,466 | 7,046,313 |
Quilter plc | 405,650 | 742,570 |
Reckitt Benckiser Group plc | 106,229 | 9,056,083 |
RELX plc | 113,296 | 2,518,085 |
Rio Tinto plc | 362,936 | 17,260,451 |
Rolls-Royce Holdings plc * | 575,037 | 7,511,411 |
Royal Mail plc | 641,983 | 3,738,189 |
RSA Insurance Group plc | 213,339 | 1,751,346 |
Severn Trent plc | 69,578 | 1,809,584 |
Sky plc | 209,949 | 4,203,734 |
Smith & Nephew plc | 135,745 | 2,395,098 |
Smiths Group plc | 94,698 | 1,983,494 |
SSE plc | 478,808 | 7,797,801 |
Standard Chartered plc | 933,978 | 7,612,602 |
Standard Life Aberdeen plc | 655,782 | 2,701,105 |
Subsea 7 S.A. | 124,832 | 1,702,451 |
Tate & Lyle plc | 182,046 | 1,586,262 |
Taylor Wimpey plc | 633,529 | 1,378,008 |
Tesco plc | 4,603,108 | 14,747,818 |
The British Land Co. plc | 117,170 | 967,974 |
The Sage Group plc | 205,585 | 1,590,962 |
The Weir Group plc | 53,353 | 1,299,882 |
Travis Perkins plc | 135,691 | 2,029,071 |
Unilever plc | 177,957 | 10,158,675 |
United Utilities Group plc | 218,579 | 2,106,870 |
Vodafone Group plc | 11,403,478 | 24,381,639 |
Whitbread plc | 39,227 | 2,343,283 |
William Hill plc | 310,703 | 1,040,282 |
Wm Morrison Supermarkets plc | 1,888,936 | 6,463,166 |
WPP plc | 351,616 | 5,842,909 |
606,209,676 | ||
Total Common Stock | ||
(Cost $3,640,062,990) | 3,942,381,549 | |
Preferred Stock 0.6% of net assets | ||
Germany 0.6% | ||
Bayerische Motoren Werke AG | 6,803 | 571,879 |
Fuchs Petrolub SE | 19,313 | 1,133,645 |
Henkel AG & Co. KGaA | 29,966 | 3,833,454 |
RWE AG | 10,603 | 221,812 |
Volkswagen AG | 106,457 | 17,444,820 |
23,205,610 | ||
Spain 0.0% | ||
Grifols S.A., B Shares | 26,528 | 564,835 |
Total Preferred Stock | ||
(Cost $22,213,119) | 23,770,445 | |
Other Investment Companies 0.6% of net assets | ||
United States 0.6% | ||
Money Market Fund 0.2% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.87% (c) | 8,241,889 | 8,241,889 |
Security | Number of Shares | Value ($) |
Securities Lending Collateral 0.4% | ||
Wells Fargo Government Money Market Fund, Select Class 1.87% (c) | 16,735,335 | 16,735,335 |
Total Other Investment Companies | ||
(Cost $24,977,224) | 24,977,224 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
Long | ||||||
MSCI EAFE Index, e-mini, expires 09/21/18 | 214 | 20,959,160 | (49,845) |
* | Non-income producing security. |
(a) | Fair-valued by management using significant unobservable inputs in accordance with procedures approved by the fund’s Board of Trustees. |
(b) | All or a portion of this security is on loan. Securities on loan were valued at $15,379,924. |
(c) | The rate shown is the 7-day yield. |
ADR — | American Depositary Receipt |
CVA — | Dutch Certificate |
GDR — | Global Depositary Receipt |
REIT — | Real Estate Investment Trust |
RSP — | Risparmio (Convertible Savings Shares) |
Security | Number of Shares | Value ($) |
Common Stock 99.4% of net assets | ||
Australia 5.6% | ||
Adelaide Brighton Ltd. | 347,004 | 1,616,140 |
ALS Ltd. | 383,322 | 2,458,929 |
Ansell Ltd. | 96,984 | 1,760,485 |
Ardent Leisure Group | 615,724 | 819,337 |
Aristocrat Leisure Ltd. | 97,846 | 2,235,379 |
ASX Ltd. | 58,580 | 2,865,573 |
AusNet Services | 1,530,693 | 1,821,011 |
Australian Pharmaceutical Industries Ltd. | 1,154,675 | 1,540,688 |
Automotive Holdings Group Ltd. | 662,395 | 1,130,544 |
Bank of Queensland Ltd. | 294,436 | 2,446,637 |
Beach Energy Ltd. | 1,140,330 | 1,599,893 |
Bega Cheese Ltd. | 148,408 | 840,384 |
Breville Group Ltd. | 24,292 | 238,397 |
carsales.com Ltd. | 69,656 | 780,816 |
Challenger Ltd. | 214,053 | 1,676,518 |
Charter Hall Retail REIT | 182,941 | 562,288 |
Cleanaway Waste Management Ltd. | 1,445,262 | 2,012,036 |
Cochlear Ltd. | 13,358 | 2,084,834 |
Computershare Ltd. | 232,101 | 3,226,182 |
Cromwell Property Group | 844,689 | 675,022 |
CSR Ltd. | 586,549 | 1,828,269 |
Dexus | 395,330 | 3,064,877 |
DuluxGroup Ltd. | 250,001 | 1,421,094 |
Evolution Mining Ltd. | 70,022 | 134,196 |
Fairfax Media Ltd. | 3,556,829 | 2,263,623 |
Flight Centre Travel Group Ltd. | 41,159 | 1,738,941 |
G.U.D. Holdings Ltd. | 87,566 | 925,852 |
G8 Education Ltd. (a) | 291,408 | 434,137 |
Genworth Mortgage Insurance Australia Ltd. | 469,312 | 896,033 |
GWA Group Ltd. | 351,259 | 762,092 |
Harvey Norman Holdings Ltd. (a) | 533,201 | 1,388,200 |
Healthscope Ltd. | 859,115 | 1,360,674 |
Iluka Resources Ltd. | 387,091 | 2,597,883 |
Inghams Group Ltd. (a) | 597,026 | 1,580,276 |
Investa Office Fund | 224,860 | 866,758 |
InvoCare Ltd. (a) | 57,514 | 535,732 |
IOOF Holdings Ltd. | 215,494 | 1,309,101 |
IRESS Ltd. | 79,655 | 774,232 |
JB Hi-Fi Ltd. | 153,284 | 2,926,572 |
Link Administration Holdings Ltd. | 30,584 | 172,302 |
McMillan Shakespeare Ltd. | 55,829 | 721,915 |
Mineral Resources Ltd. | 119,476 | 1,311,629 |
Monadelphous Group Ltd. | 180,547 | 1,873,703 |
Myer Holdings Ltd. (a) | 7,328,374 | 2,358,447 |
Navitas Ltd. | 284,246 | 916,828 |
nib Holdings Ltd. | 301,354 | 1,420,964 |
Nine Entertainment Co. Holdings Ltd. (a) | 554,499 | 966,443 |
Northern Star Resources Ltd. (b) | 40,811 | 205,108 |
Nufarm Ltd. | 197,071 | 976,274 |
OceanaGold Corp. | 436,772 | 1,292,948 |
Orora Ltd. | 948,804 | 2,422,199 |
OZ Minerals Ltd. | 349,697 | 2,293,812 |
Pact Group Holdings Ltd. | 161,784 | 482,049 |
Pendal Group Ltd. | 32,680 | 221,452 |
Security | Number of Shares | Value ($) |
Perpetual Ltd. | 25,804 | 819,051 |
Premier Investments Ltd. | 96,858 | 1,376,438 |
Primary Health Care Ltd. | 933,635 | 1,877,070 |
Qube Holdings Ltd. (a) | 592,240 | 1,182,130 |
Ramsay Health Care Ltd. | 57,463 | 2,314,739 |
Regis Resources Ltd. | 196,306 | 594,848 |
Resolute Mining Ltd. | 868,564 | 794,604 |
Sandfire Resources NL | 116,311 | 597,225 |
SEEK Ltd. | 109,049 | 1,766,559 |
Seven Group Holdings Ltd. (a) | 73,473 | 1,107,879 |
Seven West Media Ltd. | 3,102,814 | 2,255,175 |
Sigma Healthcare Ltd. | 3,432,406 | 1,414,921 |
Southern Cross Media Group Ltd. | 1,104,010 | 1,101,820 |
Super Retail Group Ltd. | 255,130 | 1,725,169 |
Sydney Airport | 348,939 | 1,819,463 |
The GPT Group | 687,919 | 2,572,091 |
The Star Entertainment Grp Ltd. | 638,918 | 2,490,534 |
TPG Telecom Ltd. | 179,069 | 1,118,904 |
Treasury Wine Estates Ltd. | 186,657 | 2,628,263 |
Vicinity Centres | 1,038,733 | 2,080,857 |
Washington H Soul Pattinson & Co., Ltd. | 55,470 | 953,154 |
Whitehaven Coal Ltd. | 386,397 | 1,405,595 |
110,832,197 | ||
Austria 1.0% | ||
ams AG * | 10,925 | 867,358 |
Austria Technologie & Systemtechnik AG | 31,411 | 844,228 |
BAWAG Group AG | 5,390 | 252,606 |
CA Immobilien Anlagen AG | 26,618 | 978,653 |
IMMOFINANZ AG * | 57,853 | 1,545,482 |
Lenzing AG | 8,499 | 1,033,357 |
Oesterreichische Post AG | 38,965 | 1,724,572 |
Rhi Magnesita N.V. | 18,591 | 1,191,268 |
S IMMO AG | 45,644 | 961,233 |
Schoeller-Bleckmann Oilfield Equipment AG | 7,863 | 852,192 |
Telekom Austria AG * | 119,461 | 1,034,107 |
UNIQA Insurance Group AG | 90,354 | 884,642 |
Verbund AG | 37,778 | 1,536,656 |
Vienna Insurance Group AG Wiener Versicherung Gruppe | 44,893 | 1,226,431 |
Wienerberger AG | 126,736 | 3,474,094 |
Zumtobel Group AG *(a) | 57,205 | 459,250 |
18,866,129 | ||
Belgium 1.1% | ||
Ackermans & van Haaren N.V. | 10,001 | 1,787,314 |
AGFA-Gevaert N.V. * | 269,832 | 1,187,357 |
Barco N.V. | 10,067 | 1,386,813 |
Befimmo S.A. | 12,210 | 708,896 |
Bekaert S.A. | 51,212 | 1,307,298 |
bpost S.A. | 103,120 | 1,565,740 |
Cie d'Entreprises CFE | 5,302 | 598,998 |
Cofinimmo S.A. | 11,872 | 1,548,445 |
D'Ieteren S.A. N.V. | 59,402 | 2,640,163 |
Elia System Operator S.A. N.V. | 25,042 | 1,567,536 |
Euronav N.V. | 121,471 | 1,055,746 |
Security | Number of Shares | Value ($) |
Nyrstar N.V. *(a) | 171,759 | 887,696 |
Ontex Group N.V. | 53,014 | 1,524,773 |
Orange Belgium S.A. | 56,780 | 860,147 |
Sofina S.A. | 3,786 | 751,495 |
Telenet Group Holding N.V. * | 36,243 | 1,986,146 |
Tessenderlo Group S.A. * | 27,576 | 1,045,960 |
22,410,523 | ||
Canada 9.6% | ||
Aecon Group, Inc. | 120,789 | 1,607,185 |
AGF Management Ltd., Class B | 210,121 | 991,023 |
Aimia, Inc. * | 999,394 | 3,150,051 |
Air Canada * | 57,209 | 1,176,690 |
Algonquin Power & Utilities Corp. | 140,976 | 1,461,709 |
Allied Properties Real Estate Investment Trust | 23,070 | 771,212 |
AltaGas Ltd. | 137,127 | 2,550,197 |
Artis Real Estate Investment Trust | 95,816 | 908,229 |
AutoCanada, Inc. | 41,975 | 409,465 |
Baytex Energy Corp. * | 1,174,103 | 3,520,643 |
Boardwalk Real Estate Investment Trust (a) | 25,105 | 954,181 |
Bombardier, Inc., B Shares * | 456,335 | 1,508,343 |
Bonavista Energy Corp. | 1,739,008 | 1,867,105 |
Bonterra Energy Corp. | 51,666 | 763,925 |
CAE, Inc. | 149,148 | 2,979,643 |
Canadian Apartment Properties REIT | 35,975 | 1,279,038 |
Canadian Solar, Inc. * | 56,937 | 817,615 |
Canadian Utilities Ltd., Class A | 111,191 | 2,707,400 |
Canadian Western Bank | 51,147 | 1,392,476 |
Canfor Corp. * | 72,639 | 1,676,220 |
Capital Power Corp. | 128,171 | 2,689,335 |
Cascades, Inc. | 128,980 | 1,312,600 |
CCL Industries, Inc., Class B | 43,026 | 2,074,500 |
Centerra Gold, Inc. * | 263,977 | 1,129,638 |
CES Energy Solutions Corp. | 194,736 | 715,354 |
Chartwell Retirement Residences | 71,434 | 827,220 |
Chemtrade Logistics Income Fund | 85,690 | 1,070,509 |
Choice Properties Real Estate Investment Trust | 20,095 | 192,174 |
Cineplex, Inc. (a) | 68,603 | 1,731,450 |
Cogeco Communications, Inc. | 19,329 | 960,113 |
Cogeco, Inc. | 20,714 | 986,018 |
Colliers International Group, Inc. | 10,381 | 847,310 |
Cominar Real Estate Investment Trust | 141,028 | 1,309,750 |
Constellation Software, Inc. | 2,750 | 2,098,621 |
Corus Entertainment, Inc., B Shares (a) | 151,899 | 431,018 |
Cott Corp. | 90,762 | 1,415,774 |
Crombie Real Estate Investment Trust | 28,133 | 285,009 |
Detour Gold Corp. * | 18,344 | 149,965 |
Dorel Industries, Inc., Class B | 80,637 | 1,565,803 |
Dream Global Real Estate Investment Trust | 73,129 | 821,050 |
Dream Office Real Estate Investment Trust | 80,565 | 1,498,912 |
Eldorado Gold Corp. * | 1,137,720 | 1,099,373 |
Emera, Inc. (a) | 365,497 | 11,573,581 |
Enercare, Inc. | 66,348 | 1,473,043 |
Enerflex Ltd. | 120,441 | 1,457,540 |
Enerplus Corp. | 322,405 | 3,990,657 |
Ensign Energy Services, Inc. | 489,598 | 2,511,914 |
Entertainment One Ltd. | 409,775 | 1,948,269 |
Exchange Income Corp. (a) | 28,349 | 702,882 |
Extendicare, Inc. | 136,911 | 874,626 |
First Capital Realty, Inc. | 89,673 | 1,405,664 |
FirstService Corp. | 10,664 | 913,099 |
Franco-Nevada Corp. | 25,322 | 1,619,971 |
Genworth MI Canada, Inc. | 42,584 | 1,433,673 |
Security | Number of Shares | Value ($) |
Gran Tierra Energy, Inc. * | 482,168 | 1,667,685 |
Granite Real Estate Investment Trust | 21,736 | 914,314 |
Great Canadian Gaming Corp. * | 32,040 | 1,130,780 |
Home Capital Group, Inc. *(a) | 116,295 | 1,307,477 |
Hudbay Minerals, Inc. | 109,354 | 511,568 |
Hudson's Bay Co. (a) | 265,538 | 2,099,541 |
IAMGOLD Corp. * | 272,845 | 1,113,183 |
IGM Financial, Inc. | 95,846 | 2,676,293 |
Industrial Alliance Insurance & Financial Services, Inc. | 66,785 | 2,770,864 |
Innergex Renewable Energy, Inc. | 53,771 | 552,164 |
Interfor Corp. * | 60,574 | 1,043,362 |
Intertape Polymer Group, Inc. | 53,443 | 765,609 |
Just Energy Group, Inc. | 188,750 | 564,535 |
Kinder Morgan Canada Ltd. | 18,744 | 246,959 |
Kinross Gold Corp. * | 776,762 | 2,323,227 |
Laurentian Bank of Canada | 29,582 | 1,055,374 |
Lucara Diamond Corp. | 93,588 | 157,182 |
Lundin Mining Corp. | 226,998 | 1,082,808 |
Maple Leaf Foods, Inc. | 99,330 | 2,407,169 |
Martinrea International, Inc. | 158,168 | 1,712,744 |
Medical Facilities Corp. (a) | 58,481 | 704,580 |
MEG Energy Corp. * | 386,728 | 2,443,835 |
Morneau Shepell, Inc. | 40,025 | 845,960 |
Mullen Group Ltd. | 190,533 | 2,348,146 |
Nevsun Resources Ltd. | 480,661 | 1,820,979 |
New Gold, Inc. * | 374,708 | 367,826 |
NFI Group, Inc. | 20,244 | 796,284 |
Norbord, Inc. (a) | 24,373 | 928,228 |
Northland Power, Inc. | 62,738 | 1,050,324 |
Northview Apartment Real Estate Investment Trust | 7,304 | 142,053 |
Open Text Corp. | 68,750 | 2,698,436 |
Pan American Silver Corp. | 73,910 | 1,155,738 |
Parex Resources, Inc. * | 74,926 | 1,077,390 |
Pason Systems, Inc. | 73,281 | 1,197,044 |
Pengrowth Energy Corp. *(a) | 3,204,112 | 2,211,512 |
Peyto Exploration & Development Corp. | 192,372 | 1,596,277 |
PrairieSky Royalty Ltd. | 30,441 | 560,285 |
Precision Drilling Corp. * | 896,935 | 3,508,086 |
Premium Brands Holdings Corp. | 9,132 | 684,576 |
Quebecor, Inc., Class B | 161,060 | 3,246,027 |
Restaurant Brands International, Inc. | 29,280 | 1,680,745 |
Richelieu Hardware Ltd. | 36,300 | 864,385 |
Ritchie Bros. Auctioneers, Inc. | 46,357 | 1,768,673 |
Rogers Sugar, Inc. | 132,106 | 549,112 |
Russel Metals, Inc. | 126,352 | 2,764,540 |
Secure Energy Services, Inc. | 202,357 | 1,261,676 |
SEMAFO, Inc. * | 247,195 | 619,907 |
Seven Generations Energy Ltd., A Shares * | 15,976 | 188,191 |
ShawCor Ltd. | 124,106 | 2,611,656 |
SmartCentres Real Estate Investment Trust | 54,200 | 1,286,468 |
Stantec, Inc. | 76,230 | 1,925,115 |
Stella-Jones, Inc. | 18,213 | 623,931 |
Superior Plus Corp. | 248,800 | 2,469,015 |
TFI International, Inc. | 105,151 | 3,906,219 |
The North West Co., Inc. | 61,184 | 1,354,639 |
The Stars Group, Inc. * | 5,253 | 149,297 |
TMX Group Ltd. | 23,846 | 1,600,157 |
Toromont Industries Ltd. | 45,011 | 2,252,017 |
Tourmaline Oil Corp. | 96,994 | 1,581,420 |
Transcontinental, Inc., Class A | 88,712 | 2,162,778 |
Trican Well Service Ltd. * | 116,341 | 256,959 |
Trinidad Drilling Ltd. * | 805,326 | 1,099,337 |
Turquoise Hill Resources Ltd. * | 57,200 | 132,916 |
Uni-Select, Inc. | 60,935 | 990,699 |
Western Forest Products, Inc. | 551,564 | 964,428 |
Security | Number of Shares | Value ($) |
Westshore Terminals Investment Corp. | 54,523 | 1,123,117 |
Wheaton Precious Metals Corp. | 131,007 | 2,246,495 |
Whitecap Resources, Inc. | 228,976 | 1,417,107 |
Winpak Ltd. | 22,509 | 849,989 |
WSP Global, Inc. | 55,054 | 2,966,444 |
Yamana Gold, Inc. | 914,334 | 2,538,356 |
189,300,977 | ||
Denmark 1.4% | ||
Chr Hansen Holding A/S | 16,183 | 1,646,688 |
D/S Norden A/S * | 48,611 | 737,404 |
Dfds A/S | 23,001 | 1,216,171 |
FLSmidth & Co. A/S | 47,109 | 2,933,468 |
GN Store Nord A/S | 54,631 | 2,840,000 |
H. Lundbeck A/S | 14,223 | 836,386 |
Jyske Bank A/S | 31,274 | 1,590,154 |
Matas A/S | 62,492 | 612,475 |
Nilfisk Holding A/S * | 17,810 | 867,208 |
NKT A/S *(a) | 30,554 | 782,494 |
Per Aarsleff Holding A/S, Class B | 27,246 | 1,088,547 |
Rockwool International A/S, B Shares | 8,176 | 3,549,790 |
Royal Unibrew A/S | 20,114 | 1,737,484 |
Scandinavian Tobacco Group A/S, Class A | 46,197 | 760,625 |
Schouw & Co. A/S | 11,046 | 874,012 |
SimCorp A/S | 11,367 | 1,077,697 |
Sydbank A/S | 42,320 | 1,241,676 |
Topdanmark A/S | 15,143 | 651,322 |
Tryg A/S | 71,493 | 1,760,659 |
William Demant Holding A/S * | 34,668 | 1,413,210 |
28,217,470 | ||
Finland 1.5% | ||
Amer Sports Oyj * | 88,114 | 2,967,972 |
Cargotec Oyj, B Shares | 42,689 | 2,072,176 |
Caverion Oyj *(a) | 165,570 | 1,342,705 |
Cramo Oyj | 52,287 | 1,107,213 |
DNA Oyj | 7,528 | 160,549 |
Finnair Oyj | 50,681 | 442,845 |
Huhtamaki Oyj | 61,951 | 2,223,667 |
Kemira Oyj | 129,612 | 1,722,176 |
Konecranes Oyj | 40,036 | 1,586,113 |
Metsa Board Oyj | 180,036 | 1,817,168 |
Oriola Oyj, B Shares | 125,940 | 415,416 |
Outokumpu Oyj | 320,797 | 1,887,884 |
Outotec Oyj * | 127,739 | 963,085 |
Raisio Oyj, V Shares | 151,965 | 539,274 |
Ramirent Oyj | 97,424 | 806,505 |
Sanoma Oyj | 139,922 | 1,454,611 |
Tieto Oyj | 78,131 | 2,541,715 |
Tikkurila Oyj | 53,347 | 918,624 |
Uponor Oyj | 44,666 | 689,107 |
Valmet Oyj | 93,862 | 2,062,947 |
YIT Oyj | 221,083 | 1,466,211 |
29,187,963 | ||
France 4.1% | ||
Aeroports de Paris | 11,935 | 2,628,689 |
Albioma S.A. | 7,247 | 161,892 |
ALD S.A. | 34,052 | 635,893 |
Alten S.A. | 18,147 | 1,878,093 |
Altran Technologies S.A. | 84,135 | 928,007 |
Amundi S.A. | 14,622 | 1,056,488 |
BioMerieux | 13,569 | 1,195,116 |
Coface S.A. | 84,679 | 795,089 |
Covivio | 18,423 | 1,930,236 |
Security | Number of Shares | Value ($) |
Criteo S.A. * | 11,759 | 291,741 |
Dassault Aviation S.A. | 584 | 1,089,212 |
Dassault Systemes S.A. | 24,750 | 4,020,008 |
Derichebourg S.A. | 114,026 | 638,670 |
Edenred | 95,029 | 3,629,888 |
Elior Group S.A. | 111,236 | 1,745,917 |
Elis S.A. | 142,054 | 3,297,331 |
Eramet | 855 | 73,316 |
Europcar Mobility Group | 49,876 | 480,204 |
Fnac Darty S.A. * | 13,547 | 1,145,892 |
Gaztransport Et Technigaz S.A. | 2,327 | 159,470 |
Gecina S.A. | 14,577 | 2,508,433 |
Getlink | 206,694 | 2,609,299 |
ICADE | 23,053 | 2,254,402 |
Iliad S.A. | 12,646 | 1,637,625 |
Imerys S.A. | 28,837 | 2,076,859 |
Ingenico Group S.A. | 24,466 | 1,723,343 |
Ipsen S.A. | 8,678 | 1,546,333 |
IPSOS | 39,370 | 1,250,531 |
JCDecaux S.A. | 54,750 | 1,807,851 |
Kaufman & Broad S.A. | 4,398 | 231,803 |
Korian S.A. | 33,982 | 1,152,929 |
LISI | 8,101 | 333,663 |
Maisons du Monde S.A. | 3,520 | 103,289 |
Mercialys S.A. | 45,050 | 769,986 |
Metropole Television S.A. | 67,329 | 1,334,084 |
Neopost S.A. | 89,988 | 2,416,499 |
Nexans S.A. | 42,536 | 1,360,992 |
Nexity S.A. | 37,582 | 2,297,835 |
Orpea | 13,294 | 1,801,971 |
Plastic Omnium S.A. | 40,887 | 1,623,157 |
Remy Cointreau S.A. | 8,551 | 1,200,855 |
SEB S.A. | 13,971 | 2,610,594 |
Societe BIC S.A. | 28,303 | 2,626,210 |
Sopra Steria Group | 7,474 | 1,333,966 |
SPIE S.A. | 56,707 | 1,076,770 |
Ste Industrielle d'Aviation Latecoere S.A. * | 22,074 | 106,328 |
Tarkett S.A. | 26,288 | 769,546 |
Technicolor S.A. *(a) | 978,310 | 1,344,289 |
Television Francaise 1 S.A. | 151,261 | 1,504,733 |
UBISOFT Entertainment S.A. * | 26,822 | 2,891,676 |
Vallourec S.A. *(a) | 854,967 | 4,904,136 |
Vicat S.A. | 19,917 | 1,205,018 |
Vilmorin & Cie S.A. | 2,088 | 145,034 |
80,341,191 | ||
Germany 3.2% | ||
Aareal Bank AG | 42,972 | 1,751,427 |
Axel Springer SE | 31,170 | 2,270,269 |
Bauer AG | 5,042 | 94,096 |
BayWa AG | 12,378 | 413,332 |
Bechtle AG | 21,781 | 2,271,927 |
Bertrandt AG | 1,312 | 126,166 |
CANCOM SE | 15,874 | 706,639 |
CECONOMY AG | 410,230 | 3,125,376 |
CTS Eventim AG & Co., KGaA | 4,101 | 182,272 |
Deutsche Euroshop AG | 5,951 | 203,704 |
Deutsche Pfandbriefbank AG | 165,978 | 2,433,253 |
Deutsche Wohnen SE | 65,929 | 3,339,882 |
Deutz AG | 38,312 | 335,657 |
DMG Mori AG | 3,018 | 159,244 |
Duerr AG | 31,643 | 1,461,620 |
ElringKlinger AG | 56,435 | 687,482 |
Fielmann AG | 11,674 | 789,834 |
Fraport AG Frankfurt Airport Services Worldwide | 23,003 | 2,072,603 |
Gerresheimer AG | 22,324 | 1,870,125 |
Security | Number of Shares | Value ($) |
Gerry Weber International AG * | 19,725 | 114,635 |
Grammer AG * | 3,413 | 237,904 |
Grammer AG | 10,886 | 721,954 |
Hapag-Lloyd AG | 8,020 | 338,912 |
Heidelberger Druckmaschinen AG * | 210,593 | 597,861 |
Hella GmbH & Co. KGaA | 34,132 | 2,065,054 |
HOCHTIEF AG | 19,672 | 3,199,793 |
Hornbach Holding AG & Co. KGaA | 5,667 | 370,558 |
Indus Holding AG | 4,461 | 288,066 |
Jenoptik AG | 26,136 | 1,029,656 |
Kloeckner & Co. SE | 264,768 | 2,812,565 |
Krones AG | 11,724 | 1,428,199 |
LEG Immobilien AG | 21,272 | 2,602,459 |
Nordex SE * | 66,009 | 684,762 |
Norma Group SE | 16,354 | 1,086,491 |
Pfeiffer Vacuum Technology AG | 3,967 | 624,491 |
Puma SE | 1,005 | 551,918 |
Rhoen-Klinikum AG | 51,104 | 1,344,973 |
SAF-Holland S.A. | 47,328 | 735,133 |
Scout24 AG | 21,197 | 1,098,970 |
Siltronic AG | 6,068 | 881,102 |
Sixt SE | 1,851 | 238,408 |
Software AG | 30,068 | 1,486,824 |
STADA Arzneimittel AG | 21,828 | 2,061,210 |
TAG Immobilien AG | 56,883 | 1,403,087 |
Takkt AG | 10,036 | 175,387 |
Talanx AG * | 42,706 | 1,615,867 |
TLG Immobilien AG | 27,193 | 735,924 |
United Internet AG | 38,660 | 2,038,534 |
Wacker Chemie AG | 12,907 | 1,865,898 |
Wacker Neuson SE | 5,971 | 165,484 |
Wirecard AG | 9,834 | 2,188,827 |
Zalando SE * | 17,298 | 912,120 |
61,997,934 | ||
Hong Kong 4.4% | ||
AAC Technologies Holdings, Inc. | 122,277 | 1,355,362 |
ASM Pacific Technology Ltd. | 117,303 | 1,237,459 |
BOC Aviation Ltd. | 125,434 | 918,913 |
Brightoil Petroleum Holdings Ltd. *(b) | 2,380,161 | 113,718 |
Cafe de Coral Holdings Ltd. | 353,361 | 860,791 |
Cathay Pacific Airways Ltd. | 1,514,781 | 2,258,015 |
China Harmony New Energy Auto Holding Ltd. | 319,003 | 126,400 |
China Travel International Investment Hong Kong Ltd. | 1,901,664 | 617,825 |
Chow Sang Sang Holdings International Ltd. | 673,838 | 1,349,582 |
Chow Tai Fook Jewellery Group Ltd. | 1,271,018 | 1,180,512 |
CITIC Telecom International Holdings Ltd. | 492,688 | 150,652 |
CK Infrastructure Holdings Ltd. | 69,982 | 511,787 |
Dah Sing Financial Holdings Ltd. | 22,263 | 138,419 |
Dairy Farm International Holdings Ltd. | 231,237 | 2,143,567 |
Esprit Holdings Ltd. * | 7,394,641 | 1,752,352 |
FIH Mobile Ltd. * | 8,421,065 | 1,094,355 |
First Pacific Co., Ltd. | 4,220,541 | 1,925,051 |
Giordano International Ltd. | 1,925,365 | 1,081,790 |
Global Brands Group Holding Ltd. * | 29,843,220 | 1,444,842 |
Great Eagle Holdings Ltd. | 183,281 | 902,523 |
Hang Lung Group Ltd. | 689,641 | 1,933,023 |
Hang Lung Properties Ltd. | 1,199,177 | 2,368,134 |
Henderson Land Development Co., Ltd. | 499,778 | 2,642,509 |
HK Electric Investments & HK Electric Investments Ltd. | 1,166,837 | 1,178,893 |
Hopewell Holdings Ltd. | 197,313 | 693,835 |
Security | Number of Shares | Value ($) |
Hutchison Telecommunications Hong Kong Holdings Ltd. | 2,284,976 | 823,871 |
Hysan Development Co., Ltd. | 204,722 | 1,049,836 |
Johnson Electric Holdings Ltd. | 301,575 | 883,719 |
Ju Teng International Holdings Ltd. | 3,634,379 | 685,304 |
K Wah International Holdings Ltd. | 1,105,368 | 608,390 |
Kerry Logistics Network Ltd. | 667,048 | 992,638 |
Kerry Properties Ltd. | 593,123 | 2,248,138 |
Lifestyle International Holdings Ltd. | 73,176 | 142,643 |
Luk Fook Holdings International Ltd. | 473,528 | 1,647,022 |
Man Wah Holdings Ltd. (a) | 810,359 | 530,679 |
Melco International Development Ltd. | 49,462 | 131,707 |
Melco Resorts & Entertainment Ltd. ADR | 70,152 | 1,675,230 |
MGM China Holdings Ltd. | 531,127 | 1,001,501 |
Minth Group Ltd. | 218,972 | 896,935 |
MMG Ltd. * | 1,260,425 | 631,104 |
NWS Holdings Ltd. | 1,093,305 | 1,947,331 |
Pacific Basin Shipping Ltd. | 4,039,470 | 967,550 |
Pacific Textiles Holdings Ltd. | 1,054,996 | 799,759 |
Pou Sheng International Holdings Ltd. | 3,922,814 | 764,681 |
Power Assets Holdings Ltd. | 301,941 | 2,117,730 |
Road King Infrastructure Ltd. | 85,550 | 145,183 |
Sa Sa International Holdings Ltd. | 1,505,259 | 795,885 |
Seaspan Corp. (a) | 96,651 | 891,122 |
Semiconductor Manufacturing International Corp. *(a) | 1,773,656 | 2,092,529 |
Shangri-La Asia Ltd. | 692,698 | 1,067,875 |
Shougang Fushan Resources Group Ltd. | 3,549,560 | 791,414 |
Shui On Land Ltd. | 3,348,267 | 797,724 |
Shun Tak Holdings Ltd. | 424,665 | 163,397 |
Sino Land Co., Ltd. | 1,761,856 | 2,985,474 |
SITC International Holdings Co., Ltd. | 821,444 | 613,291 |
SmarTone Telecommunications Holdings Ltd. | 734,327 | 742,850 |
Stella International Holdings Ltd. | 1,086,156 | 1,091,844 |
Sun Art Retail Group Ltd. | 2,237,685 | 2,580,113 |
Swire Properties Ltd. | 467,743 | 1,838,458 |
Television Broadcasts Ltd. | 406,797 | 1,207,605 |
Texwinca Holdings Ltd. | 1,784,792 | 825,440 |
The Bank of East Asia Ltd. | 582,952 | 2,157,596 |
The Hongkong & Shanghai Hotels Ltd. | 422,727 | 612,905 |
Tingyi Cayman Islands Holding Corp. | 1,767,044 | 3,156,360 |
Truly International Holdings Ltd. * | 3,635,490 | 583,613 |
Uni-President China Holdings Ltd. | 1,127,151 | 1,110,076 |
Vitasoy International Holdings Ltd. | 281,283 | 903,099 |
VSTECS Holdings Ltd. | 428,784 | 213,603 |
VTech Holdings Ltd. | 158,783 | 1,756,973 |
Wharf Real Estate Investment Co., Ltd. | 391,679 | 2,597,420 |
Wynn Macau Ltd. | 866,509 | 2,412,213 |
Xinyi Glass Holdings Ltd. | 1,005,786 | 1,255,807 |
85,915,946 | ||
Ireland 0.8% | ||
C&C Group plc | 328,817 | 1,304,592 |
Glanbia plc | 99,649 | 1,684,631 |
ICON plc * | 18,744 | 2,793,231 |
Irish Continental Group plc | 111,054 | 705,494 |
James Hardie Industries plc | 123,185 | 1,885,980 |
Kingspan Group plc | 49,945 | 2,432,526 |
Origin Enterprises plc | 148,138 | 965,208 |
Paddy Power Betfair plc | 18,966 | 1,732,254 |
Total Produce plc | 455,284 | 1,138,904 |
UDG Healthcare plc | 131,882 | 1,261,604 |
15,904,424 | ||
Security | Number of Shares | Value ($) |
Israel 0.9% | ||
Azrieli Group Ltd. | 14,668 | 763,271 |
Elbit Systems Ltd. | 10,983 | 1,419,484 |
First International Bank of Israel Ltd. | 32,009 | 742,822 |
Frutarom Industries Ltd. | 1,561 | 159,595 |
Gazit-Globe Ltd. | 87,944 | 808,731 |
Israel Discount Bank Ltd., A Shares | 930,551 | 3,257,471 |
Mellanox Technologies Ltd. * | 2,173 | 180,794 |
Mizrahi Tefahot Bank Ltd. | 71,802 | 1,298,436 |
NICE Ltd. * | 20,537 | 2,368,995 |
Orbotech Ltd. * | 2,857 | 182,791 |
Partner Communications Co., Ltd. * | 172,745 | 773,643 |
Plus500 Ltd. | 8,215 | 163,792 |
SodaStream International Ltd. * | 1,578 | 225,604 |
Taro Pharmaceutical Industries Ltd. * | 7,262 | 767,158 |
The Israel Corp., Ltd. | 11,595 | 3,495,187 |
Tower Semiconductor Ltd. * | 28,034 | 612,567 |
17,220,341 | ||
Italy 2.7% | ||
A2A S.p.A. | 1,652,377 | 2,847,282 |
ACEA S.p.A. | 53,492 | 764,282 |
Amplifon S.p.A. | 8,655 | 186,699 |
Anima Holding S.p.A. | 143,578 | 667,878 |
Ansaldo STS S.p.A. * | 52,511 | 782,036 |
Astaldi S.p.A. *(a) | 242,458 | 412,148 |
ASTM S.p.A. | 45,500 | 930,672 |
Autogrill S.p.A. | 97,216 | 1,023,087 |
Azimut Holding S.p.A. | 78,465 | 1,249,815 |
Banca Carige S.p.A. *(a) | 91,404,412 | 946,506 |
Banca Generali S.p.A. | 27,836 | 685,313 |
Banca Mediolanum S.p.A. | 142,011 | 961,637 |
Banca Popolare di Sondrio Scarl | 666,970 | 2,602,769 |
Banco BPM S.p.A. * | 196,111 | 442,477 |
Beni Stabili S.p.A. | 742,045 | 653,570 |
Brembo S.p.A. | 68,977 | 924,534 |
Buzzi Unicem S.p.A. | 43,282 | 872,211 |
Cerved Group S.p.A. | 95,099 | 993,616 |
Danieli & C Officine Meccaniche S.p.A. | 12,874 | 316,055 |
Danieli & C Officine Meccaniche S.p.A. - RSP | 44,608 | 793,053 |
Davide Campari-Milano S.p.A. | 193,613 | 1,717,673 |
De'Longhi S.p.A. | 38,143 | 1,249,723 |
DiaSorin S.p.A. | 7,314 | 798,223 |
Enav S.p.A. | 199,528 | 988,498 |
ERG S.p.A. | 82,024 | 1,702,559 |
Esprinet S.p.A. (a) | 125,939 | 531,171 |
Ferrari N.V. | 19,461 | 2,551,851 |
FinecoBank Banca Fineco S.p.A. | 26,799 | 320,069 |
Hera S.p.A. | 893,447 | 2,808,797 |
Interpump Group S.p.A. | 24,819 | 783,141 |
Iren S.p.A. | 606,627 | 1,425,737 |
Italgas S.p.A. | 409,503 | 2,217,429 |
MARR S.p.A. | 24,348 | 685,559 |
Mediaset S.p.A. *(a) | 1,105,088 | 3,299,284 |
Moncler S.p.A. | 25,263 | 1,145,170 |
OVS S.p.A. * | 139,311 | 418,188 |
Pirelli & C S.p.A. * | 77,744 | 627,578 |
PRADA S.p.A. | 451,060 | 2,034,365 |
Recordati S.p.A. | 31,261 | 1,097,348 |
Safilo Group S.p.A. *(a) | 123,960 | 512,007 |
Salini Impregilo S.p.A (a) | 392,468 | 958,023 |
Salvatore Ferragamo Italia S.p.A. | 6,232 | 148,644 |
Saras S.p.A. | 734,349 | 1,860,915 |
Societa Cattolica di Assicurazioni SC | 146,280 | 1,189,675 |
Security | Number of Shares | Value ($) |
Societa Iniziative Autostradali e Servizi S.p.A. | 65,229 | 910,727 |
Tod's S.p.A. (a) | 16,694 | 1,160,552 |
UnipolSai Assicurazioni S.p.A. (a) | 846,945 | 1,896,934 |
54,095,480 | ||
Japan 35.7% | ||
ABC-Mart, Inc. | 21,931 | 1,198,556 |
Activia Properties, Inc. | 146 | 643,856 |
Adastria Co., Ltd. | 53,440 | 643,873 |
ADEKA Corp. | 113,671 | 1,885,205 |
Advance Residence Investment Corp. | 395 | 1,010,610 |
Advantest Corp. | 52,630 | 1,264,430 |
Aeon Delight Co., Ltd. | 26,664 | 961,861 |
AEON Financial Service Co., Ltd. | 82,867 | 1,700,162 |
Aeon Mall Co., Ltd. | 83,376 | 1,397,808 |
Aica Kogyo Co., Ltd. | 36,738 | 1,416,377 |
Aichi Steel Corp. | 30,709 | 1,114,702 |
Aida Engineering Ltd. | 18,127 | 163,149 |
Ain Holdings, Inc. | 15,587 | 1,194,837 |
Aisan Industry Co., Ltd. | 81,179 | 689,639 |
Alpen Co., Ltd. | 35,120 | 633,449 |
Alpine Electronics, Inc. | 79,139 | 1,762,847 |
Amano Corp. | 45,325 | 949,542 |
Anritsu Corp. | 146,820 | 2,305,214 |
AOKI Holdings, Inc. | 67,731 | 915,011 |
Aoyama Trading Co., Ltd. | 62,449 | 1,900,756 |
Aozora Bank Ltd. | 69,288 | 2,452,590 |
Arata Corp. | 29,087 | 1,379,786 |
Arcland Sakamoto Co., Ltd. | 47,128 | 612,449 |
Arcs Co., Ltd. | 127,074 | 3,123,991 |
Asahi Diamond Industrial Co., Ltd. | 68,527 | 507,997 |
Asahi Holdings, Inc. | 54,020 | 1,027,445 |
ASKUL Corp. (a) | 20,609 | 596,608 |
Autobacs Seven Co., Ltd. | 130,783 | 2,226,796 |
Avex, Inc. | 77,651 | 1,043,423 |
Axial Retailing, Inc. | 23,310 | 819,849 |
Azbil Corp. | 52,913 | 2,311,976 |
Belc Co., Ltd. | 12,472 | 659,115 |
Benesse Holdings, Inc. | 83,959 | 2,631,172 |
Bic Camera, Inc. | 138,796 | 1,865,050 |
BML, Inc. | 28,701 | 806,273 |
Bunka Shutter Co., Ltd. | 82,677 | 615,129 |
Calbee, Inc. | 50,305 | 1,603,717 |
Canon Electronics, Inc. | 29,132 | 613,195 |
Canon Marketing Japan, Inc. | 80,973 | 1,716,801 |
Capcom Co., Ltd. | 62,756 | 1,466,391 |
Cawachi Ltd. | 45,991 | 880,127 |
Central Glass Co., Ltd. | 86,644 | 2,052,701 |
Chiyoda Co., Ltd. | 51,960 | 1,030,437 |
Chiyoda Corp. | 251,955 | 1,851,858 |
Chudenko Corp. | 24,579 | 580,311 |
Chugoku Marine Paints Ltd. | 87,179 | 864,046 |
Citizen Watch Co., Ltd. | 382,365 | 2,627,606 |
CKD Corp. | 34,873 | 516,090 |
Cocokara fine, Inc. | 34,252 | 2,044,896 |
Cosmos Pharmaceutical Corp. | 5,211 | 1,093,565 |
Create SD Holdings Co., Ltd. | 25,624 | 596,434 |
CyberAgent, Inc. | 43,186 | 2,461,429 |
Daido Metal Co., Ltd. | 13,591 | 116,808 |
Daifuku Co., Ltd. | 27,661 | 1,439,365 |
Daihen Corp. | 95,346 | 521,937 |
Daiho Corp. | 29,884 | 159,008 |
Daiichi Jitsugyo Co., Ltd. | 5,153 | 165,904 |
Daiichikosho Co., Ltd. | 31,136 | 1,443,288 |
Daikyo, Inc. | 46,759 | 958,499 |
Daikyonishikawa Corp. | 50,845 | 633,241 |
Security | Number of Shares | Value ($) |
Dainichiseika Color & Chemicals Manufacturing Co., Ltd. | 17,076 | 528,211 |
Daio Paper Corp. (a) | 132,468 | 1,880,368 |
Daiseki Co., Ltd. | 23,239 | 613,853 |
Daiwa House REIT Investment Corp. | 64 | 148,680 |
Daiwabo Holdings Co., Ltd. | 43,491 | 2,600,400 |
DCM Holdings Co., Ltd. (a) | 242,346 | 2,218,345 |
DeNA Co., Ltd. | 137,427 | 2,382,060 |
Descente Ltd. | 44,011 | 866,844 |
Dexerials Corp. | 50,702 | 558,758 |
Disco Corp. | 8,597 | 1,541,312 |
DMG Mori Co., Ltd. | 71,440 | 1,184,170 |
Doshisha Co., Ltd. | 38,673 | 790,654 |
Doutor Nichires Holdings Co., Ltd. | 41,473 | 731,205 |
DTS Corp. | 20,715 | 850,943 |
Duskin Co., Ltd. | 60,820 | 1,466,679 |
DyDo Group Holdings, Inc. | 16,689 | 809,729 |
Eagle Industry Co., Ltd. | 35,838 | 508,716 |
Earth Corp. | 13,913 | 632,381 |
Eizo Corp. | 17,115 | 757,082 |
Enplas Corp. | 5,253 | 150,411 |
Exedy Corp. | 58,490 | 1,843,555 |
Ezaki Glico Co., Ltd. | 43,594 | 2,197,686 |
FamilyMart UNY Holdings Co., Ltd. | 26,698 | 2,333,080 |
Fancl Corp. | 24,374 | 1,255,134 |
FCC Co., Ltd. | 54,682 | 1,698,873 |
Foster Electric Co., Ltd. | 62,030 | 871,558 |
FP Corp. | 16,154 | 911,972 |
Frontier Real Estate Investment Corp. | 166 | 669,928 |
Fuji Co., Ltd. | 40,039 | 759,002 |
Fuji Corp. | 53,149 | 893,446 |
Fuji Oil Co., Ltd. | 275,659 | 1,131,125 |
Fuji Oil Holdings, Inc. | 55,242 | 1,683,888 |
Fuji Seal International, Inc. | 29,443 | 1,040,867 |
Fuji Soft, Inc. | 29,914 | 1,475,669 |
Fujicco Co., Ltd. | 6,587 | 143,995 |
Fujimori Kogyo Co., Ltd. | 24,719 | 776,892 |
Fujitec Co., Ltd. | 80,212 | 1,062,645 |
Fujitsu General Ltd. | 62,309 | 1,029,446 |
Fukuda Corp. | 10,576 | 531,256 |
Fukuoka Financial Group, Inc. | 548,347 | 3,080,851 |
Fukuyama Transporting Co., Ltd. | 38,350 | 1,805,357 |
Funai Electric Co., Ltd. *(a) | 122,936 | 710,664 |
Furukawa Co., Ltd. | 48,093 | 776,792 |
Futaba Corp. | 33,192 | 615,737 |
Futaba Industrial Co., Ltd. | 143,598 | 962,198 |
Fuyo General Lease Co., Ltd. | 10,506 | 631,961 |
G-Tekt Corp. | 50,126 | 836,752 |
Geo Holdings Corp. | 115,385 | 1,681,581 |
Glory Ltd. | 62,708 | 1,676,210 |
GLP J-Reit | 634 | 636,373 |
Godo Steel Ltd. | 32,261 | 677,020 |
Gree, Inc. | 229,629 | 1,165,903 |
GS Yuasa Corp. | 474,506 | 2,345,036 |
GungHo Online Entertainment, Inc. (a) | 557,927 | 1,192,485 |
Gunze Ltd. | 22,348 | 1,170,960 |
Hamakyorex Co., Ltd. | 22,555 | 760,749 |
Hamamatsu Photonics K.K. | 57,234 | 2,307,219 |
Hazama Ando Corp. | 180,344 | 1,356,422 |
Heiwa Corp. | 70,498 | 1,691,799 |
Heiwado Co., Ltd. | 86,591 | 2,270,881 |
Hikari Tsushin, Inc. | 12,604 | 2,388,150 |
Hirose Electric Co., Ltd. | 19,455 | 2,319,476 |
HIS Co., Ltd. | 41,006 | 1,349,794 |
Hisamitsu Pharmaceutical Co., Inc. | 34,089 | 2,496,304 |
Hitachi Capital Corp. | 34,994 | 975,168 |
Hitachi Chemical Co., Ltd. | 126,217 | 2,654,444 |
Hitachi High-Technologies Corp. | 70,307 | 2,767,643 |
Security | Number of Shares | Value ($) |
Hitachi Transport System, Ltd. | 73,297 | 2,022,716 |
Hitachi Zosen Corp. | 365,216 | 1,574,363 |
Hogy Medical Co., Ltd. | 16,354 | 566,347 |
Hokkaido Electric Power Co., Inc. | 333,580 | 2,280,323 |
Hokuetsu Corp. | 251,221 | 1,397,875 |
Hokuhoku Financial Group, Inc. | 120,103 | 1,685,352 |
Horiba Ltd. | 23,139 | 1,435,689 |
Hoshizaki Corp. | 23,743 | 2,256,854 |
Hosiden Corp. | 86,895 | 843,991 |
House Foods Group, Inc. | 47,215 | 1,403,016 |
Hulic Co., Ltd. | 91,326 | 866,438 |
IDOM, Inc. | 97,379 | 330,203 |
Iino Kaiun Kaisha Ltd. | 35,354 | 187,794 |
Inaba Denki Sangyo Co., Ltd. | 42,687 | 1,811,267 |
Inabata & Co., Ltd. | 146,231 | 2,206,290 |
Internet Initiative Japan, Inc. | 39,533 | 846,028 |
Iseki & Co., Ltd. | 33,821 | 606,054 |
Ishihara Sangyo Kaisha Ltd. * | 50,204 | 750,672 |
Ito En Ltd. | 55,509 | 2,442,927 |
Itochu Enex Co., Ltd. | 173,065 | 1,663,771 |
Itochu Techno-Solutions Corp. | 78,770 | 1,747,524 |
Itoham Yonekyu Holdings, Inc. | 75,344 | 560,570 |
Itoki Corp. | 30,401 | 167,516 |
Iwatani Corp. | 84,825 | 2,983,429 |
Izumi Co., Ltd. | 31,554 | 1,892,358 |
J-Oil Mills, Inc. | 23,020 | 790,965 |
Jaccs Co., Ltd. | 8,138 | 178,047 |
Jafco Co., Ltd. | 15,112 | 563,540 |
Japan Airport Terminal Co., Ltd. | 29,979 | 1,345,047 |
Japan Aviation Electronics Industry Ltd. | 93,413 | 1,711,821 |
Japan Excellent, Inc. | 609 | 796,366 |
Japan Exchange Group, Inc. | 115,909 | 2,046,713 |
Japan Hotel REIT Investment Corp. | 212 | 160,981 |
Japan Petroleum Exploration Co., Ltd. | 77,983 | 1,663,956 |
Japan Post Insurance Co., Ltd. | 64,024 | 1,440,013 |
Japan Prime Realty Investment Corp. | 286 | 1,036,858 |
Japan Pulp & Paper Co., Ltd. | 9,272 | 366,248 |
Japan Real Estate Investment Corp. | 458 | 2,441,070 |
Japan Retail Fund Investment Corp. | 1,308 | 2,370,997 |
Joshin Denki Co., Ltd. | 9,172 | 248,149 |
Joyful Honda Co., Ltd. | 83,023 | 1,235,406 |
JVC Kenwood Corp. | 446,416 | 1,272,196 |
Kadokawa Dwango * | 93,061 | 1,018,858 |
Kaga Electronics Co., Ltd. | 38,235 | 743,080 |
Kagome Co., Ltd. | 47,729 | 1,355,876 |
Kakaku.com, Inc. | 41,771 | 773,753 |
Kaken Pharmaceutical Co., Ltd. | 25,397 | 1,307,813 |
Kameda Seika Co., Ltd. | 2,985 | 132,580 |
Kamei Corp. | 32,969 | 411,202 |
Kanamoto Co., Ltd. | 29,351 | 915,854 |
Kandenko Co., Ltd. | 140,022 | 1,405,461 |
Kanematsu Corp. | 209,827 | 3,120,393 |
Kansai Paint Co., Ltd. | 104,070 | 2,061,972 |
Kasai Kogyo Co., Ltd. | 59,081 | 651,631 |
Kato Sangyo Co., Ltd. | 67,966 | 2,212,718 |
Keihan Holdings Co., Ltd. | 74,431 | 2,738,680 |
Keihin Corp. | 101,660 | 2,142,575 |
Keikyu Corp. | 122,973 | 2,131,525 |
Keisei Electric Railway Co., Ltd. | 69,770 | 2,346,955 |
Keiyo Co., Ltd. | 30,401 | 145,034 |
Kenedix Office Investment Corp. | 187 | 1,163,638 |
KH Neochem Co., Ltd. | 20,864 | 780,859 |
Kintetsu World Express, Inc. | 60,114 | 1,191,058 |
Kissei Pharmaceutical Co., Ltd. | 25,347 | 750,912 |
Kitz Corp. | 129,446 | 1,139,372 |
Kobayashi Pharmaceutical Co., Ltd. | 24,263 | 1,746,122 |
Kohnan Shoji Co., Ltd. | 59,937 | 1,385,386 |
Kokuyo Co., Ltd. | 105,016 | 1,826,901 |
Security | Number of Shares | Value ($) |
Komeri Co., Ltd. | 58,522 | 1,439,762 |
Komori Corp. | 56,815 | 686,074 |
Konami Holdings Corp. | 54,700 | 2,296,330 |
Konishi Co., Ltd. | 41,518 | 657,114 |
Konoike Transport Co., Ltd. | 59,396 | 979,711 |
Kose Corp. | 8,101 | 1,497,682 |
Kumagai Gumi Co., Ltd. | 36,561 | 990,809 |
Kurabo Industries Ltd. | 335,849 | 932,872 |
Kureha Corp. | 20,574 | 1,452,806 |
Kurita Water Industries Ltd. | 95,589 | 2,844,782 |
KYB Corp. | 38,168 | 1,567,888 |
Kyoei Steel Ltd. | 43,433 | 797,098 |
Kyokuto Kaihatsu Kogyo Co., Ltd. | 43,940 | 666,124 |
Kyokuyo Co., Ltd. | 18,181 | 515,663 |
KYORIN Holdings, Inc. | 57,779 | 1,202,633 |
Kyoritsu Maintenance Co., Ltd. | 17,679 | 838,631 |
Kyowa Exeo Corp. | 110,111 | 3,088,292 |
Kyudenko Corp. | 24,538 | 936,067 |
Kyushu Financial Group, Inc. | 179,080 | 872,104 |
Lawson, Inc. | 50,296 | 2,957,388 |
Life Corp. | 31,955 | 779,819 |
Lintec Corp. | 64,791 | 1,776,297 |
Lion Corp. | 114,480 | 2,416,898 |
M3, Inc. | 4,219 | 186,247 |
Mabuchi Motor Co., Ltd. | 32,575 | 1,352,824 |
Macnica Fuji Electronics Holdings, Inc. | 53,978 | 971,151 |
Maeda Corp. | 106,955 | 1,279,968 |
Maeda Road Construction Co., Ltd. | 90,820 | 1,765,046 |
Makino Milling Machine Co., Ltd. | 117,795 | 1,088,875 |
Mandom Corp. | 28,337 | 853,547 |
Marudai Food Co., Ltd. | 281,454 | 1,106,678 |
Maruha Nichiro Corp. | 46,383 | 1,612,540 |
Marui Group Co., Ltd. | 150,001 | 3,321,030 |
Maruichi Steel Tube Ltd. | 50,551 | 1,552,294 |
Max Co., Ltd. | 13,391 | 192,137 |
Maxell Holdings Ltd. | 59,798 | 966,389 |
McDonald's Holdings Co. Japan, Ltd. | 34,339 | 1,511,244 |
Mebuki Financial Group, Inc. | 345,482 | 1,227,577 |
Megmilk Snow Brand Co., Ltd. | 86,536 | 2,188,276 |
Meidensha Corp. | 270,858 | 930,666 |
Meitec Corp. | 17,124 | 827,746 |
Miraca Holdings, Inc. | 76,514 | 2,118,393 |
Mirait Holdings Corp. | 121,216 | 1,903,207 |
Misawa Homes Co., Ltd. | 95,579 | 758,529 |
MISUMI Group, Inc. | 94,843 | 2,449,658 |
Mitsuba Corp. | 82,198 | 677,540 |
Mitsubishi Logistics Corp. | 67,611 | 1,551,788 |
Mitsubishi Pencil Co., Ltd. | 8,655 | 156,966 |
Mitsubishi Shokuhin Co., Ltd. | 65,301 | 1,805,001 |
Mitsubishi UFJ Lease & Finance Co., Ltd. | 234,473 | 1,321,600 |
Mitsuboshi Belting Ltd. | 14,425 | 176,532 |
Mitsui E&S Holdings Co., Ltd. * | 184,258 | 2,886,379 |
Mitsui Sugar Co., Ltd. | 3,902 | 106,625 |
Mitsui-Soko Holdings Co., Ltd. * | 240,700 | 814,019 |
Miura Co., Ltd. | 40,633 | 1,141,469 |
Mixi, Inc. | 35,434 | 869,832 |
Mizuno Corp. | 36,451 | 973,364 |
Mochida Pharmaceutical Co., Ltd. | 16,033 | 1,242,039 |
Morinaga & Co., Ltd. | 18,997 | 740,110 |
Morinaga Milk Industry Co., Ltd. | 65,898 | 1,791,789 |
Morita Holdings Corp. | 8,555 | 184,702 |
MOS Food Services, Inc. | 21,905 | 579,801 |
Musashi Seimitsu Industry Co., Ltd. | 31,755 | 1,072,485 |
Nabtesco Corp. | 74,412 | 1,944,100 |
Nachi-Fujikoshi Corp. | 20,947 | 1,018,211 |
Namura Shipbuilding Co., Ltd. | 176,097 | 792,464 |
Nankai Electric Railway Co., Ltd. | 80,463 | 2,099,287 |
NEC Networks & System Integration Corp. | 45,215 | 1,062,635 |
Security | Number of Shares | Value ($) |
NET One Systems Co., Ltd. | 105,017 | 2,437,785 |
Nexon Co., Ltd. * | 112,922 | 1,419,608 |
Nichi-iko Pharmaceutical Co., Ltd. | 55,776 | 812,860 |
Nichias Corp. | 102,167 | 1,331,391 |
Nichicon Corp. | 62,738 | 719,689 |
Nichiha Corp. | 24,565 | 691,192 |
NichiiGakkan Co., Ltd. | 59,466 | 501,427 |
Nifco, Inc. | 53,656 | 1,475,861 |
Nihon Kohden Corp. | 66,825 | 1,958,617 |
Nihon Parkerizing Co., Ltd. | 64,694 | 860,564 |
Nihon Unisys Ltd. | 64,069 | 1,568,718 |
Nikkiso Co., Ltd. | 78,569 | 938,846 |
Nippo Corp. | 77,967 | 1,451,268 |
Nippon Accommodations Fund, Inc. | 167 | 760,563 |
Nippon Building Fund, Inc. | 519 | 3,028,300 |
Nippon Densetsu Kogyo Co., Ltd. | 44,030 | 857,292 |
Nippon Flour Mills Co., Ltd. | 101,266 | 1,696,823 |
Nippon Gas Co., Ltd. | 19,503 | 923,396 |
Nippon Holdings Co., Ltd. | 66,595 | 1,691,826 |
Nippon Kayaku Co., Ltd. | 160,044 | 1,883,550 |
Nippon Koei Co., Ltd. | 6,170 | 156,636 |
Nippon Light Metal Holdings Co., Ltd. | 860,091 | 1,900,368 |
Nippon Paint Holdings Co., Ltd. | 45,038 | 1,783,080 |
Nippon Prologis REIT, Inc. | 395 | 771,227 |
Nippon Seiki Co., Ltd. | 80,843 | 1,505,531 |
Nippon Sheet Glass Co., Ltd. | 302,654 | 3,201,634 |
Nippon Shinyaku Co., Ltd. | 11,148 | 656,504 |
Nippon Signal Co., Ltd. | 84,497 | 870,231 |
Nippon Soda Co., Ltd. | 202,177 | 1,155,974 |
Nippon Steel & Sumikin Bussan Corp. | 45,896 | 2,326,153 |
Nippon Suisan Kaisha Ltd. | 410,113 | 2,256,112 |
Nipro Corp. | 157,361 | 2,105,999 |
Nishi-Nippon Financial Holdings, Inc. | 32,969 | 383,848 |
Nishi-Nippon Railroad Co., Ltd. | 80,338 | 2,151,089 |
Nishimatsu Construction Co., Ltd. | 64,421 | 1,545,965 |
Nishimatsuya Chain Co., Ltd. | 17,927 | 194,168 |
Nishio Rent All Co., Ltd. | 23,744 | 744,108 |
Nissan Chemical Corp. | 62,133 | 2,969,788 |
Nissan Shatai Co., Ltd. | 225,978 | 2,005,342 |
Nissha Co., Ltd. (a) | 24,187 | 504,309 |
Nisshin Steel Co., Ltd. | 161,379 | 2,266,015 |
Nisshinbo Holdings, Inc. | 226,446 | 2,546,586 |
Nissin Corp. | 7,004 | 147,047 |
Nissin Kogyo Co., Ltd. | 70,921 | 1,188,999 |
Nittetsu Mining Co., Ltd. | 12,684 | 585,671 |
Nitto Boseki Co., Ltd. | 8,855 | 204,196 |
Nitto Kogyo Corp. | 51,549 | 876,777 |
NOF Corp. | 58,096 | 1,933,302 |
Nojima Corp. | 33,635 | 744,681 |
Nomura Co., Ltd. | 28,525 | 571,349 |
Nomura Real Estate Master Fund, Inc. | 683 | 953,496 |
Nomura Research Institute Ltd. | 66,551 | 3,318,997 |
Noritake Co., Ltd. | 4,419 | 266,212 |
Noritz Corp. | 64,431 | 978,508 |
North Pacific Bank Ltd. | 699,655 | 2,366,151 |
NS Solutions Corp. | 30,971 | 1,004,110 |
NSD Co., Ltd. | 15,242 | 319,039 |
NTT Urban Development Corp. | 70,631 | 787,301 |
Obic Co., Ltd. | 16,797 | 1,581,464 |
Ohsho Food Service Corp. | 14,178 | 927,001 |
Oiles Corp. | 33,183 | 716,718 |
Okabe Co., Ltd. | 17,927 | 164,582 |
Okamoto Industries, Inc. | 16,476 | 181,573 |
Okamura Corp. | 79,151 | 1,081,425 |
Okasan Securities Group, Inc. | 167,663 | 805,919 |
Oki Electric Industry Co., Ltd. | 189,942 | 2,399,862 |
OKUMA Corp. | 25,297 | 1,464,641 |
Okumura Corp. | 27,388 | 833,607 |
Security | Number of Shares | Value ($) |
Onward Holdings Co., Ltd. | 246,288 | 1,634,738 |
Open House Co., Ltd. | 2,468 | 144,450 |
Oracle Corp. Japan | 14,830 | 1,247,814 |
Orient Corp. | 135,529 | 191,893 |
Orix JREIT, Inc. | 186 | 290,864 |
Osaka Soda Co., Ltd. | 6,587 | 187,716 |
OSG Corp. | 58,587 | 1,347,842 |
Otsuka Corp. | 76,175 | 2,765,066 |
Pacific Industrial Co., Ltd. | 57,965 | 941,471 |
PALTAC Corp. | 48,639 | 2,649,408 |
Paramount Bed Holdings Co., Ltd. | 19,386 | 893,380 |
Park24 Co., Ltd. | 68,770 | 2,021,826 |
Penta-Ocean Construction Co., Ltd. | 227,128 | 1,335,505 |
Persol Holdings Co., Ltd. | 88,460 | 1,982,442 |
Pigeon Corp. | 28,286 | 1,369,850 |
Pilot Corp. | 12,606 | 719,628 |
Piolax, Inc. | 25,942 | 569,444 |
Pioneer Corp. *(a) | 1,250,225 | 1,465,746 |
Plenus Co., Ltd. (a) | 47,495 | 794,546 |
Pola Orbis Holdings, Inc. | 27,730 | 980,309 |
Press Kogyo Co., Ltd. | 218,110 | 1,144,790 |
Prima Meat Packers Ltd. | 188,405 | 937,905 |
Raito Kogyo Co., Ltd. | 63,101 | 796,694 |
Rakuten, Inc. | 325,368 | 2,493,847 |
Relia, Inc. | 60,602 | 790,283 |
Relo Group, Inc. | 30,667 | 842,143 |
Resorttrust, Inc. | 43,216 | 700,747 |
Riken Corp. | 13,297 | 700,315 |
Rinnai Corp. | 27,718 | 2,067,258 |
Riso Kagaku Corp. | 33,533 | 817,118 |
Rohto Pharmaceutical Co., Ltd. | 59,218 | 1,895,873 |
Round One Corp. | 77,694 | 1,024,382 |
Royal Holdings Co., Ltd. | 30,320 | 753,317 |
Ryobi Ltd. | 47,314 | 1,738,779 |
Ryosan Co., Ltd. | 55,813 | 2,106,483 |
Ryoyo Electro Corp. | 48,286 | 775,119 |
S Foods, Inc. | 5,036 | 197,789 |
Saizeriya Co., Ltd. (a) | 37,732 | 758,825 |
Sakai Chemical Industry Co., Ltd. | 25,894 | 680,014 |
Sakata INX Corp. | 54,219 | 722,692 |
Sakata Seed Corp. | 3,902 | 135,304 |
San-A Co., Ltd. | 22,518 | 1,051,930 |
Sanden Holdings Corp. * | 59,314 | 780,440 |
Sangetsu Corp. | 78,019 | 1,493,045 |
Sanken Electric Co., Ltd. | 145,675 | 836,858 |
Sanki Engineering Co., Ltd. | 73,802 | 800,684 |
Sankyo Co., Ltd. | 52,262 | 2,005,454 |
Sankyo Tateyama, Inc. | 86,696 | 1,077,396 |
Sankyu, Inc. | 59,310 | 3,155,783 |
Sanrio Co., Ltd. | 60,500 | 1,297,461 |
Santen Pharmaceutical Co., Ltd. | 184,563 | 2,849,546 |
Sanwa Holdings Corp. | 162,963 | 1,872,344 |
Sanyo Chemical Industries Ltd. | 17,704 | 862,169 |
Sanyo Denki Co., Ltd. | 1,634 | 87,532 |
Sanyo Shokai Ltd. | 45,085 | 818,877 |
Sanyo Special Steel Co., Ltd. | 52,065 | 1,203,432 |
Sapporo Holdings Ltd. | 88,123 | 1,847,734 |
Sato Holdings Corp. | 28,873 | 934,789 |
Sawai Pharmaceutical Co., Ltd. | 32,457 | 1,735,762 |
SBI Holdings, Inc. | 107,981 | 2,984,730 |
SCREEN Holdings Co., Ltd. | 17,922 | 1,359,282 |
SCSK Corp. | 28,280 | 1,346,606 |
Seiko Holdings Corp. | 46,715 | 1,310,219 |
Seiren Co., Ltd. | 41,115 | 701,905 |
Sekisui Jushi Corp. | 7,621 | 151,135 |
Senko Group Holdings Co., Ltd. | 183,756 | 1,517,974 |
Senshu Ikeda Holdings, Inc. | 165,306 | 585,880 |
Senshukai Co., Ltd. * | 31,018 | 125,879 |
Security | Number of Shares | Value ($) |
Seria Co., Ltd. | 13,353 | 547,920 |
Seven Bank Ltd. | 336,152 | 1,048,912 |
SG Holdings Co., Ltd. | 19,061 | 451,922 |
Sharp Corp. (a) | 25,869 | 614,268 |
Shikoku Electric Power Co., Inc. | 247,578 | 3,297,765 |
Shima Seiki Manufacturing Ltd. | 2,568 | 120,196 |
Shimachu Co., Ltd. | 74,696 | 2,445,295 |
Shindengen Electric Manufacturing Co., Ltd. | 8,864 | 446,857 |
Shinko Electric Industries Co., Ltd. | 133,585 | 1,261,338 |
Shinko Plantech Co., Ltd. | 78,221 | 734,347 |
Shinmaywa Industries Ltd. | 163,035 | 1,971,682 |
Shinsei Bank Ltd. | 84,475 | 1,299,674 |
Ship Healthcare Holdings, Inc. | 49,410 | 1,904,926 |
Shizuoka Gas Co., Ltd. | 147,407 | 1,215,043 |
SHO-BOND Holdings Co., Ltd. | 9,733 | 683,772 |
Shochiku Co., Ltd. | 1,017 | 124,826 |
Showa Corp. | 103,912 | 1,660,568 |
Showa Sangyo Co., Ltd. | 44,752 | 1,180,902 |
Siix Corp. | 42,767 | 860,855 |
Sintokogio Ltd. | 78,933 | 732,489 |
SKY Perfect JSAT Holdings, Inc. | 281,326 | 1,334,513 |
Sohgo Security Services Co., Ltd. | 46,439 | 2,047,948 |
Sony Financial Holdings, Inc. | 122,053 | 2,438,088 |
Sotetsu Holdings, Inc. | 57,580 | 1,799,294 |
Square Enix Holdings Co., Ltd. | 38,035 | 1,739,076 |
St Marc Holdings Co., Ltd. | 20,744 | 487,522 |
Star Micronics Co., Ltd. | 8,955 | 161,923 |
Start Today Co., Ltd. | 4,936 | 170,491 |
Starts Corp., Inc. | 25,755 | 586,708 |
Starzen Co., Ltd. | 19,670 | 823,981 |
Sugi Holdings Co., Ltd. | 39,348 | 1,948,149 |
Sumco Corp. | 97,508 | 1,744,653 |
Sumitomo Bakelite Co., Ltd. | 195,759 | 1,934,904 |
Sumitomo Dainippon Pharma Co., Ltd. | 129,493 | 2,761,879 |
Sumitomo Mitsui Construction Co., Ltd. | 180,775 | 1,196,635 |
Sumitomo Osaka Cement Co., Ltd. | 552,584 | 2,372,097 |
Sumitomo Riko Co., Ltd. | 110,246 | 1,075,765 |
Sumitomo Seika Chemicals Co., Ltd. | 3,385 | 174,310 |
Sundrug Co., Ltd. | 54,597 | 1,964,576 |
Suruga Bank Ltd. | 73,295 | 398,583 |
Sushiro Global Holdings Ltd. * | 4,636 | 264,233 |
Sysmex Corp. | 38,228 | 3,323,424 |
T-Gaia Corp. | 49,491 | 1,305,507 |
Tachi-S Co., Ltd. | 78,985 | 1,260,084 |
Tachibana Eletech Co., Ltd. | 10,806 | 185,452 |
Tadano Ltd. | 108,432 | 1,193,989 |
Taihei Dengyo Kaisha Ltd. | 23,873 | 591,846 |
Taikisha Ltd. | 37,402 | 1,209,236 |
Taisho Pharmaceutical Holdings Co., Ltd. | 32,986 | 3,581,652 |
Taiyo Nippon Sanso Corp. | 113,957 | 1,681,324 |
Taiyo Yuden Co., Ltd. | 127,919 | 3,778,101 |
Takamatsu Construction Group Co., Ltd. | 6,070 | 158,038 |
Takara Holdings, Inc. | 135,248 | 1,344,125 |
Takara Standard Co., Ltd. | 68,015 | 1,106,543 |
Takasago International Corp. | 22,934 | 813,864 |
Takasago Thermal Engineering Co., Ltd. | 60,632 | 1,075,010 |
Takeuchi Manufacturing Co., Ltd. | 7,004 | 179,577 |
Takuma Co., Ltd. | 61,134 | 755,319 |
Tamron Co., Ltd. | 32,766 | 651,272 |
TechnoPro Holdings, Inc. | 2,568 | 160,493 |
The 77 Bank Ltd. | 32,028 | 746,362 |
The Awa Bank Ltd. | 103,814 | 673,150 |
The Bank of Kyoto Ltd. | 20,725 | 1,048,539 |
The Chugoku Bank Ltd. | 105,349 | 1,153,390 |
The Daishi Bank Ltd. | 16,944 | 680,755 |
The Gunma Bank Ltd. | 235,157 | 1,202,453 |
The Hachijuni Bank Ltd. | 256,252 | 1,146,242 |
Security | Number of Shares | Value ($) |
The Hiroshima Bank Ltd. | 190,356 | 1,333,874 |
The Hokkoku Bank Ltd. | 17,037 | 669,127 |
The Hyakugo Bank Ltd. | 135,944 | 562,730 |
The Hyakujushi Bank Ltd. | 170,741 | 505,055 |
The Iyo Bank Ltd. | 168,056 | 1,098,801 |
The Japan Steel Works Ltd. | 59,798 | 1,534,250 |
The Japan Wool Textile Co., Ltd. | 87,122 | 722,055 |
The Juroku Bank Ltd. | 28,541 | 742,063 |
The Keiyo Bank Ltd. | 185,722 | 797,255 |
The Kiyo Bank Ltd. | 69,460 | 1,064,279 |
The Musashino Bank Ltd. | 23,273 | 675,827 |
The Nanto Bank Ltd. | 7,104 | 183,614 |
The Nippon Road Co., Ltd. | 14,515 | 803,735 |
The Nisshin Oillio Group Ltd. | 55,229 | 1,496,714 |
The Ogaki Kyoritsu Bank Ltd. | 29,121 | 736,921 |
The Okinawa Electric Power Co., Inc. | 74,395 | 1,499,507 |
The San-In Godo Bank Ltd. | 89,242 | 753,308 |
The Shiga Bank Ltd. | 124,932 | 624,181 |
The Shizuoka Bank Ltd. | 284,656 | 2,520,920 |
The Sumitomo Warehouse Co., Ltd. | 150,906 | 941,759 |
THK Co., Ltd. | 68,226 | 1,831,091 |
Toa Corp. | 32,637 | 872,694 |
Toagosei Co., Ltd. | 152,250 | 1,734,155 |
Toda Corp. | 186,315 | 1,297,156 |
Toei Co., Ltd. | 5,502 | 636,115 |
Toho Co., Ltd. | 62,933 | 1,935,352 |
Toho Zinc Co., Ltd. | 22,706 | 756,628 |
Tokai Carbon Co., Ltd. (a) | 103,468 | 1,853,158 |
TOKAI Holdings Corp. | 105,175 | 1,019,643 |
Tokai Rika Co., Ltd. | 124,611 | 2,630,783 |
Tokai Tokyo Financial Holdings, Inc. | 155,359 | 903,698 |
Token Corp. | 8,988 | 637,918 |
Tokuyama Corp. | 60,879 | 1,872,186 |
Tokyo Broadcasting System Holdings, Inc. | 41,915 | 885,664 |
Tokyo Century Corp. | 22,344 | 1,237,247 |
Tokyo Dome Corp. | 81,103 | 685,336 |
Tokyo Ohka Kogyo Co., Ltd. | 33,107 | 1,064,404 |
Tokyo Seimitsu Co., Ltd. | 25,401 | 790,309 |
Tokyo Steel Manufacturing Co., Ltd. | 128,166 | 1,027,547 |
Tokyo Tatemono Co., Ltd. | 127,712 | 1,568,686 |
Tokyu Construction Co., Ltd. | 66,817 | 615,836 |
Tomy Co., Ltd. | 73,401 | 724,180 |
Topcon Corp. | 48,128 | 842,028 |
Toppan Forms Co., Ltd. | 118,524 | 1,168,298 |
Topre Corp. | 31,371 | 765,001 |
Topy Industries Ltd. | 33,605 | 913,731 |
Toshiba Machine Co., Ltd. | 153,191 | 719,777 |
Toshiba Plant Systems & Services Corp. | 39,948 | 865,357 |
Toshiba TEC Corp. | 220,104 | 1,321,994 |
Totetsu Kogyo Co., Ltd. | 23,141 | 622,533 |
Toyo Construction Co., Ltd. | 61,319 | 225,623 |
Toyo Ink SC Holdings Co., Ltd. | 60,088 | 1,542,233 |
Toyo Tire & Rubber Co., Ltd. | 145,010 | 2,384,031 |
Toyobo Co., Ltd. | 145,396 | 2,659,179 |
Toyota Boshoku Corp. | 131,842 | 2,309,033 |
TPR Co., Ltd. | 32,424 | 762,608 |
Trancom Co., Ltd. | 10,543 | 717,858 |
Transcosmos, Inc. | 46,768 | 1,132,453 |
Trend Micro, Inc. | 45,623 | 2,880,110 |
Trusco Nakayama Corp. | 58,230 | 1,558,612 |
TSI Holdings Co., Ltd. | 163,907 | 1,089,412 |
Tsubaki Nakashima Co., Ltd. | 6,487 | 132,741 |
Tsubakimoto Chain Co. | 181,348 | 1,625,647 |
Tsukishima Kikai Co., Ltd. | 9,989 | 135,757 |
Tsumura & Co. | 47,566 | 1,627,930 |
TV Asahi Holdings Corp. | 36,805 | 686,080 |
UACJ Corp. | 52,042 | 1,187,413 |
UKC Holdings Corp. | 81,519 | 1,800,424 |
Security | Number of Shares | Value ($) |
Ulvac, Inc. | 15,090 | 626,680 |
Unipres Corp. | 97,833 | 1,907,516 |
United Arrows Ltd. | 28,300 | 1,041,295 |
United Super Markets Holdings, Inc. | 149,726 | 1,714,858 |
United Urban Investment Corp. | 987 | 1,560,365 |
Ushio, Inc. | 126,794 | 1,676,331 |
USS Co., Ltd. | 100,515 | 1,899,075 |
Valor Holdings Co., Ltd. | 95,554 | 2,031,120 |
VT Holdings Co., Ltd. | 138,741 | 629,361 |
Wacoal Holdings Corp. | 70,778 | 2,100,010 |
Wacom Co., Ltd. | 152,081 | 684,389 |
Wakita & Co., Ltd. | 55,948 | 659,458 |
Warabeya Nichiyo Holdings Co., Ltd. | 40,568 | 800,494 |
Welcia Holdings Co., Ltd. | 33,314 | 1,541,244 |
Xebio Holdings Co., Ltd. | 71,363 | 1,039,376 |
Yahoo Japan Corp. (a) | 646,205 | 2,226,183 |
YAMABIKO Corp. | 45,259 | 533,875 |
Yamaguchi Financial Group, Inc. | 135,944 | 1,498,161 |
Yamato Kogyo Co., Ltd. | 49,074 | 1,411,788 |
Yamazen Corp. | 122,718 | 1,370,112 |
Yaoko Co., Ltd. | 21,860 | 1,216,361 |
Yellow Hat Ltd. | 25,424 | 709,630 |
Yodogawa Steel Works Ltd. | 42,182 | 994,778 |
Yokogawa Bridge Holdings Corp. | 7,721 | 155,137 |
Yokohama Reito Co., Ltd. | 90,890 | 741,809 |
Yorozu Corp. | 54,659 | 817,778 |
Yoshinoya Holdings Co., Ltd. (a) | 81,287 | 1,372,316 |
Yuasa Trading Co., Ltd. | 38,567 | 1,349,506 |
Yurtec Corp. | 87,821 | 700,129 |
Zensho Holdings Co., Ltd. | 71,535 | 1,443,151 |
Zeon Corp. | 171,678 | 1,843,969 |
ZERIA Pharmaceutical Co., Ltd. | 7,304 | 156,902 |
Zojirushi Corp. | 10,189 | 136,913 |
702,835,144 | ||
Luxembourg 0.5% | ||
Adecoagro S.A. * | 25,912 | 207,555 |
APERAM S.A. | 57,017 | 2,568,656 |
Espirito Santo Financial Group S.A. *(b) | 8,470 | — |
Eurofins Scientific SE | 1,462 | 827,384 |
IWG plc | 498,348 | 1,554,546 |
L'Occitane International S.A. | 436,298 | 781,555 |
Nexa Resources S.A. * | 9,055 | 109,113 |
Samsonite International S.A. * | 629,720 | 2,543,302 |
Ternium S.A. ADR | 62,142 | 1,752,405 |
10,344,516 | ||
Netherlands 1.9% | ||
Aalberts Industries N.V. | 66,706 | 2,867,002 |
Accell Group N.V. | 33,741 | 695,645 |
Arcadis N.V. | 106,085 | 1,886,008 |
ASM International N.V. | 24,425 | 1,319,186 |
BE Semiconductor Industries N.V. | 20,493 | 445,875 |
Brunel International N.V. | 48,081 | 721,095 |
Constellium N.V., Class A * | 12,941 | 150,763 |
Corbion N.V. | 66,619 | 2,097,453 |
Core Laboratories N.V. | 14,094 | 1,614,468 |
Eurocommercial Properties N.V. | 25,194 | 973,785 |
Euronext N.V. | 18,528 | 1,220,144 |
ForFarmers N.V. | 64,791 | 725,197 |
Fugro N.V. CVA *(a) | 187,052 | 2,405,954 |
GrandVision N.V. | 23,598 | 581,524 |
InterXion Holding N.V. * | 12,119 | 799,006 |
Koninklijke BAM Groep N.V. | 445,338 | 1,826,481 |
Koninklijke Volkerwessels N.V. | 9,275 | 199,750 |
Koninklijke Vopak N.V. | 51,206 | 2,645,270 |
Security | Number of Shares | Value ($) |
Nostrum Oil & Gas plc * | 155,345 | 513,860 |
NSI N.V. | 16,136 | 662,730 |
OCI N.V. * | 45,833 | 1,479,815 |
PostNL N.V. | 568,436 | 1,910,051 |
SBM Offshore N.V. | 129,564 | 2,099,161 |
Sligro Food Group N.V. | 47,359 | 2,036,026 |
TKH Group N.V. | 25,694 | 1,508,201 |
TomTom N.V. * | 63,614 | 646,002 |
Wereldhave N.V. | 22,554 | 827,134 |
Yandex N.V., Class A * | 55,717 | 1,790,187 |
36,647,773 | ||
New Zealand 1.1% | ||
Air New Zealand Ltd. | 800,297 | 1,752,290 |
Auckland International Airport Ltd. | 261,293 | 1,238,714 |
Chorus Ltd. | 628,273 | 1,925,889 |
EBOS Group Ltd. | 83,420 | 1,170,082 |
Fisher & Paykel Healthcare Corp., Ltd. | 128,650 | 1,399,039 |
Fonterra Co-operative Group Ltd. | 223,038 | 741,408 |
Genesis Energy Ltd. | 604,610 | 982,839 |
Infratil Ltd. | 925,478 | 2,090,856 |
Kiwi Property Group Ltd. | 790,787 | 721,445 |
Mainfreight Ltd. | 65,410 | 1,223,867 |
Mercury NZ Ltd. | 600,929 | 1,309,783 |
Meridian Energy Ltd. | 937,988 | 2,016,430 |
SKY Network Television Ltd. | 1,198,143 | 1,709,181 |
SKYCITY Entertainment Group Ltd. | 631,673 | 1,701,607 |
Trade Me Group Ltd. | 173,730 | 618,999 |
Vector Ltd. | 83,380 | 192,523 |
Z Energy Ltd. | 362,249 | 1,732,939 |
22,527,891 | ||
Norway 1.9% | ||
Aker A.S.A., A Shares | 23,619 | 1,855,583 |
Aker Solutions A.S.A. * | 257,551 | 1,762,854 |
Atea A.S.A. * | 119,385 | 1,773,066 |
Austevoll Seafood A.S.A. | 106,664 | 1,408,123 |
Bakkafrost P/F | 16,340 | 935,534 |
Borregaard A.S.A. | 85,339 | 813,316 |
BW LPG Ltd. *(a) | 192,410 | 753,976 |
Entra A.S.A. | 12,610 | 183,057 |
Europris A.S.A. * | 55,365 | 134,396 |
Fred. Olsen Energy A.S.A. *(a) | 867,364 | 497,847 |
Gjensidige Forsikring A.S.A. | 164,595 | 2,761,390 |
Kongsberg Automotive A.S.A. * | 677,184 | 790,333 |
Kongsberg Gruppen A.S.A. | 59,571 | 1,128,349 |
Leroy Seafood Group A.S.A. | 175,849 | 1,343,255 |
Petroleum Geo-Services A.S.A. * | 1,095,362 | 4,268,699 |
REC Silicon A.S.A. *(a) | 8,050,886 | 684,971 |
Salmar A.S.A. | 25,625 | 1,238,550 |
Schibsted A.S.A., B Shares | 44,211 | 1,443,266 |
Schibsted A.S.A., Class A | 37,011 | 1,329,045 |
SpareBank 1 Nord Norge | 108,014 | 847,300 |
SpareBank 1 SMN | 107,859 | 1,163,366 |
SpareBank 1 SR-Bank A.S.A. | 88,227 | 998,036 |
Storebrand A.S.A. | 185,117 | 1,644,707 |
TGS Nopec Geophysical Co. A.S.A. | 109,717 | 4,178,658 |
Tomra Systems A.S.A. | 55,965 | 1,238,060 |
Veidekke A.S.A. | 113,611 | 1,092,270 |
XXL A.S.A. | 73,883 | 412,145 |
36,680,152 | ||
Portugal 0.5% | ||
Banco Comercial Portugues S.A. * | 4,661,153 | 1,360,151 |
Banco Espirito Santo S.A. *(b) | 45,383 | — |
Security | Number of Shares | Value ($) |
CTT-Correios de Portugal S.A. | 297,379 | 1,159,101 |
Mota-Engil, SGPS, S.A. * | 181,120 | 563,711 |
NOS, SGPS S.A. | 189,852 | 1,085,909 |
REN - Redes Energeticas Nacionais, SGPS, S.A. | 340,457 | 966,537 |
Semapa-Sociedade de Investimento e Gestao | 38,611 | 799,645 |
Sonae, SGPS, S.A. | 1,388,559 | 1,481,494 |
The Navigator Co. S.A. | 292,671 | 1,465,609 |
8,882,157 | ||
Singapore 1.7% | ||
Accordia Golf Trust | 395,281 | 163,011 |
Ascendas Real Estate Investment Trust | 916,726 | 1,833,385 |
Asian Pay Television Trust | 1,731,365 | 461,259 |
CapitaLand Commercial Trust | 551,644 | 712,682 |
CapitaLand Mall Trust | 1,063,700 | 1,661,485 |
China Aviation Oil Singapore Corp., Ltd. (a) | 2,026,415 | 2,307,366 |
City Developments Ltd. | 326,360 | 2,210,591 |
Fortune Real Estate Investment Trust | 521,232 | 630,215 |
Genting Singapore Ltd. | 2,918,628 | 2,279,429 |
Kulicke & Soffa Industries, Inc. | 49,234 | 1,269,745 |
M1 Ltd. | 625,697 | 730,714 |
Mapletree Commercial Trust | 127,491 | 151,681 |
Mapletree Industrial Trust | 481,332 | 699,136 |
Mapletree Logistics Trust | 651,806 | 608,964 |
Mapletree North Asia Commercial Trust | 688,623 | 583,046 |
Olam International Ltd. | 210,056 | 312,773 |
SATS Ltd. | 403,814 | 1,494,352 |
Sembcorp Marine Ltd. (a) | 1,099,249 | 1,347,935 |
Singapore Exchange Ltd. | 320,756 | 1,734,829 |
Singapore Post Ltd. | 1,321,194 | 1,108,991 |
Singapore Technologies Engineering Ltd. | 1,165,837 | 2,842,156 |
StarHub Ltd. | 710,796 | 840,473 |
Suntec Real Estate Investment Trust | 641,548 | 875,658 |
United Engineers Ltd. | 614,111 | 1,143,012 |
UOL Group Ltd. | 238,278 | 1,201,782 |
Venture Corp., Ltd. | 175,513 | 2,320,018 |
Yangzijiang Shipbuilding Holdings Ltd. | 2,202,062 | 1,719,796 |
Yanlord Land Group Ltd. | 696,665 | 772,914 |
34,017,398 | ||
Spain 1.5% | ||
Acerinox S.A. | 208,805 | 2,813,298 |
Almirall S.A. | 58,565 | 1,083,432 |
Applus Services S.A. | 74,453 | 1,019,588 |
Bankia S.A. | 571,889 | 2,153,876 |
Bolsas y Mercados Espanoles SHMSF S.A. | 37,785 | 1,240,631 |
Cellnex Telecom SAU | 26,715 | 687,554 |
Cia de Distribucion Integral Logista Holdings S.A. | 35,387 | 934,622 |
Cie Automotive S.A. | 4,689 | 144,247 |
Construcciones y Auxiliar de Ferrocarriles S.A. | 17,102 | 762,100 |
Ebro Foods S.A. | 69,942 | 1,507,925 |
EDP Renovaveis S.A. | 87,585 | 870,779 |
Faes Farma S.A. | 39,416 | 172,435 |
Gestamp Automocion S.A. | 44,465 | 342,744 |
Grupo Catalana Occidente S.A. | 25,438 | 1,066,976 |
Liberbank S.A. * | 253,958 | 136,571 |
Mediaset Espana Comunicacion S.A. | 147,282 | 1,079,241 |
Melia Hotels International S.A. | 66,204 | 831,906 |
Neinor Homes S.A. * | 8,211 | 151,327 |
NH Hotel Group S.A. | 99,445 | 728,358 |
Security | Number of Shares | Value ($) |
Obrascon Huarte Lain S.A. (a) | 488,820 | 1,611,246 |
Prosegur Cia de Seguridad S.A. | 206,686 | 1,249,289 |
Sacyr S.A. | 428,704 | 1,260,460 |
Siemens Gamesa Renewable Energy S.A. * | 132,278 | 1,978,454 |
Tecnicas Reunidas S.A. (a) | 31,992 | 1,085,041 |
Unicaja Banco S.A. | 141,464 | 222,201 |
Vidrala S.A. | 8,016 | 775,042 |
Viscofan S.A. | 28,255 | 2,062,886 |
Zardoya Otis S.A. | 79,170 | 739,217 |
28,711,446 | ||
Sweden 2.8% | ||
AAK AB | 94,672 | 1,554,509 |
AddTech AB, B Shares | 36,329 | 799,230 |
AF AB, B Shares | 57,413 | 1,294,494 |
Ahlsell AB | 43,381 | 249,514 |
Ahlstrom-Munksjo Oyj | 12,713 | 234,003 |
Attendo AB | 19,654 | 182,204 |
Axfood AB | 99,081 | 1,894,549 |
Bergman & Beving Aktiebolag | 74,030 | 785,963 |
Betsson AB * | 163,857 | 1,261,328 |
Bilia AB, A Shares | 135,530 | 1,064,339 |
BillerudKorsnas AB | 160,509 | 1,897,342 |
Bonava AB, B Shares | 55,521 | 738,947 |
Bravida Holding AB | 37,551 | 287,701 |
Capio AB | 263,120 | 1,503,304 |
Castellum AB | 94,992 | 1,719,670 |
Clas Ohlson AB, B Shares (a) | 67,691 | 604,936 |
Com Hem Holding AB | 58,200 | 982,905 |
Coor Service Management Holding AB | 20,484 | 172,410 |
Dometic Group AB | 50,885 | 483,428 |
Elekta AB, B Shares | 161,689 | 2,115,693 |
Eltel AB *(a) | 260,382 | 669,732 |
Fabege AB | 90,726 | 1,213,261 |
Granges AB | 14,468 | 169,598 |
Hemfosa Fastigheter AB | 52,164 | 710,254 |
Hexpol AB | 140,584 | 1,502,556 |
Holmen AB, B Shares | 65,618 | 1,690,284 |
ICA Gruppen AB | 68,339 | 2,083,130 |
Indutrade AB | 46,599 | 1,177,158 |
Intrum AB (a) | 46,463 | 1,183,385 |
Inwido AB | 58,551 | 452,120 |
JM AB | 106,429 | 2,191,728 |
Kindred Group plc | 58,779 | 723,121 |
Kungsleden AB | 21,207 | 165,962 |
L E Lundbergfortagen AB, B Shares | 62,767 | 2,110,450 |
Lifco AB, B Shares | 3,812 | 159,799 |
Lindab International AB | 79,322 | 597,317 |
Loomis AB, B Shares | 52,163 | 1,679,685 |
Mekonomen AB (a) | 46,751 | 780,851 |
Modern Times Group MTG AB, B Shares | 37,927 | 1,359,925 |
NCC AB, B Shares (a) | 138,237 | 2,364,862 |
Nibe Industrier AB, B Shares | 137,131 | 1,579,721 |
Nobia AB | 145,038 | 1,079,477 |
Nolato AB, B Shares | 12,491 | 883,186 |
Pandox AB | 14,052 | 249,774 |
Peab AB | 303,169 | 2,734,227 |
Ratos AB, B Shares | 530,319 | 1,846,970 |
Saab AB, Class B | 33,093 | 1,531,780 |
SAS AB * | 142,606 | 315,915 |
Scandic Hotels Group AB | 26,060 | 279,812 |
Sweco AB, B Shares | 35,248 | 898,903 |
Thule Group AB | 9,272 | 219,813 |
Wihlborgs Fastigheter AB | 54,498 | 657,690 |
55,088,915 | ||
Security | Number of Shares | Value ($) |
Switzerland 3.2% | ||
Allreal Holding AG * | 9,257 | 1,534,378 |
ALSO Holding AG * | 5,151 | 614,647 |
Autoneum Holding AG | 3,053 | 727,341 |
Banque Cantonale Vaudoise | 1,404 | 1,055,432 |
Barry Callebaut AG | 962 | 1,718,887 |
Belimo Holding AG | 210 | 1,071,606 |
Bell Food Group AG | 2,163 | 673,212 |
BKW AG | 10,279 | 731,253 |
Bucher Industries AG | 4,860 | 1,707,608 |
Burckhardt Compression Holding AG | 2,050 | 739,789 |
Cembra Money Bank AG | 15,291 | 1,434,075 |
Conzzeta AG | 962 | 1,203,619 |
Daetwyler Holding AG | 5,101 | 956,800 |
DKSH Holding AG | 27,548 | 2,011,052 |
dormakaba Holding AG * | 1,218 | 857,046 |
Dufry AG * | 17,724 | 2,197,402 |
Emmi AG | 1,725 | 1,319,926 |
EMS-Chemie Holding AG | 2,348 | 1,485,861 |
Flughafen Zuerich AG | 7,599 | 1,574,645 |
Forbo Holding AG | 836 | 1,383,104 |
Galenica AG * | 5,445 | 323,739 |
GAM Holding AG * | 154,292 | 1,194,164 |
Helvetia Holding AG | 4,464 | 2,686,432 |
Huber & Suhner AG | 14,686 | 1,129,809 |
Implenia AG | 14,829 | 946,842 |
Kudelski S.A. *(a) | 59,291 | 547,481 |
Landis & Gyr Group AG * | 5,499 | 389,496 |
Logitech International S.A. | 54,327 | 2,687,420 |
Luxoft Holding, Inc. * | 4,219 | 196,605 |
Metall Zug AG, B Shares | 283 | 967,134 |
Mobimo Holding AG | 4,191 | 1,046,558 |
OC Oerlikon Corp. AG * | 118,354 | 1,728,010 |
Oriflame Holding AG | 25,269 | 735,686 |
Panalpina Welttransport Holding AG | 12,482 | 1,874,042 |
Partners Group Holding AG | 3,065 | 2,411,814 |
PSP Swiss Property AG | 11,170 | 1,112,264 |
Rieter Holding AG (a) | 3,229 | 517,521 |
Schmolz & Bickenbach AG * | 1,379,947 | 1,107,268 |
Schweiter Technologies AG | 736 | 899,547 |
SFS Group AG * | 8,491 | 1,036,901 |
Sonova Holding AG | 19,502 | 3,708,425 |
Straumann Holding AG | 1,224 | 977,707 |
Sulzer AG | 15,016 | 1,881,852 |
Sunrise Communications Group AG * | 22,256 | 2,034,361 |
Tecan Group AG | 3,018 | 722,747 |
Temenos AG * | 6,080 | 1,100,196 |
Valiant Holding AG | 7,935 | 912,390 |
Valora Holding AG * | 4,518 | 1,312,747 |
VAT Group AG * | 2,255 | 292,164 |
Vontobel Holding AG | 2,535 | 181,521 |
Wizz Air Holdings plc * | 24,802 | 1,022,216 |
Zehnder Group AG | 18,193 | 864,407 |
63,547,149 | ||
United Kingdom 12.3% | ||
888 Holdings plc | 38,283 | 115,937 |
AA plc | 1,237,520 | 1,793,440 |
Ashmore Group plc | 236,865 | 1,094,769 |
ASOS plc * | 7,638 | 606,967 |
Auto Trader Group plc | 152,615 | 890,840 |
Avon Products, Inc. * | 1,475,518 | 2,951,036 |
B&M European Value Retail S.A. | 309,258 | 1,658,077 |
BBA Aviation plc | 645,367 | 2,593,617 |
BCA Marketplace plc | 339,853 | 1,042,468 |
Beazley plc | 307,486 | 2,375,948 |
Security | Number of Shares | Value ($) |
Bodycote plc | 158,791 | 1,958,627 |
Bovis Homes Group plc | 106,188 | 1,552,700 |
Brewin Dolphin Holdings plc | 157,988 | 744,580 |
Britvic plc | 172,606 | 1,828,408 |
BTG plc * | 81,895 | 579,050 |
Card Factory plc | 362,490 | 896,591 |
Centamin plc | 662,030 | 878,543 |
Chemring Group plc | 399,104 | 1,015,684 |
Cineworld Group plc | 272,877 | 1,100,192 |
Close Brothers Group plc | 100,795 | 2,090,892 |
Coats Group plc | 922,947 | 1,000,466 |
Cobham plc * | 2,143,667 | 3,466,070 |
Computacenter plc | 116,563 | 2,054,377 |
ConvaTec Group plc | 116,903 | 324,098 |
Costain Group plc | 100,684 | 556,172 |
Cranswick plc | 43,742 | 1,836,373 |
Crest Nicholson Holdings plc | 193,722 | 963,349 |
Daily Mail & General Trust plc, A Shares | 263,478 | 2,582,114 |
Dairy Crest Group plc | 153,685 | 949,222 |
Dart Group plc | 69,767 | 887,754 |
De La Rue plc | 108,018 | 663,373 |
Debenhams plc (a) | 7,785,269 | 1,326,588 |
Derwent London plc | 24,269 | 959,557 |
DFS Furniture plc | 75,441 | 215,720 |
Dialog Semiconductor plc * | 47,883 | 1,124,265 |
Diploma plc | 58,822 | 1,113,168 |
Domino's Pizza Group plc | 185,877 | 703,037 |
Dunelm Group plc | 110,478 | 746,687 |
EI Group plc * | 1,100,295 | 2,230,968 |
Electrocomponents plc | 252,304 | 2,432,600 |
Elementis plc | 425,948 | 1,412,853 |
EnQuest plc * | 2,383,947 | 1,335,468 |
Essentra plc | 277,434 | 1,604,646 |
esure Group plc | 332,793 | 1,209,403 |
Etalon Group plc | 77,498 | 179,795 |
Euromoney Institutional Investor plc | 9,532 | 159,573 |
Evraz plc | 334,382 | 2,162,199 |
Ferrexpo plc | 179,411 | 361,560 |
Galliford Try plc | 145,665 | 1,836,482 |
Genus plc | 25,937 | 960,781 |
Grafton Group plc | 248,797 | 2,483,511 |
Grainger plc | 226,537 | 903,935 |
Great Portland Estates plc | 17,681 | 165,807 |
Greencore Group plc | 524,337 | 1,185,822 |
Greggs plc | 111,632 | 1,542,345 |
GVC Holdings plc | 14,254 | 204,163 |
Halfords Group plc | 415,775 | 1,779,008 |
Halma plc | 126,615 | 2,356,611 |
Hammerson plc | 333,917 | 2,044,614 |
Hansteen Holdings plc | 100,576 | 130,593 |
Hargreaves Lansdown plc | 46,955 | 1,342,654 |
Headlam Group plc | 119,254 | 702,151 |
Highland Gold Mining Ltd. | 70,733 | 127,974 |
Hill & Smith Holdings plc | 44,028 | 607,161 |
Hilton Food Group plc | 14,402 | 171,092 |
HomeServe plc | 135,106 | 1,824,525 |
Howden Joinery Group plc | 372,638 | 2,386,324 |
Hunting plc * | 175,611 | 1,903,608 |
Ibstock plc | 58,616 | 187,113 |
IG Group Holdings plc | 284,856 | 3,346,983 |
Indivior plc * | 383,450 | 1,348,142 |
Intermediate Capital Group plc | 193,626 | 2,639,969 |
International Personal Finance plc | 621,176 | 1,774,606 |
Interserve plc *(a) | 2,094,653 | 1,807,756 |
Intu Properties plc (a) | 821,507 | 1,687,050 |
J.D. Wetherspoon plc | 70,158 | 1,135,288 |
Janus Henderson Group plc | 110,232 | 3,114,054 |
Jardine Lloyd Thompson Group plc | 70,986 | 1,332,292 |
Security | Number of Shares | Value ($) |
JD Sports Fashion plc | 162,634 | 1,073,828 |
John Laing Group plc | 225,669 | 924,523 |
JRP Group plc | 181,171 | 214,049 |
Jupiter Fund Management plc | 295,362 | 1,609,295 |
KAZ Minerals plc * | 104,562 | 633,315 |
KCOM Group plc | 665,795 | 846,329 |
Keller Group plc | 124,000 | 1,676,157 |
Kier Group plc | 120,028 | 1,480,500 |
Lancashire Holdings Ltd. | 293,403 | 2,316,704 |
Lookers plc | 948,524 | 1,301,883 |
Man Group plc | 1,437,893 | 3,210,772 |
Marshalls plc | 111,888 | 656,164 |
Marston's plc | 996,858 | 1,200,434 |
McCarthy & Stone plc | 401,850 | 581,847 |
Melrose Industries plc | 3,179,759 | 9,212,212 |
Merlin Entertainments plc | 408,259 | 1,973,430 |
Micro Focus International plc | 68,948 | 1,169,477 |
Millennium & Copthorne Hotels plc | 30,013 | 207,140 |
Mitchells & Butlers plc | 442,632 | 1,467,042 |
Mitie Group plc | 849,453 | 1,638,449 |
Moneysupermarket.com Group plc | 314,260 | 1,160,024 |
Morgan Advanced Materials plc | 320,170 | 1,414,879 |
Morgan Sindall Group plc | 63,978 | 1,220,721 |
N Brown Group plc | 315,463 | 620,365 |
National Express Group plc | 557,552 | 2,866,826 |
NEX Group plc | 247,717 | 3,387,125 |
Nomad Foods Ltd. * | 86,498 | 1,803,483 |
Northgate plc | 393,163 | 2,092,089 |
Ocado Group plc * | 117,995 | 1,644,828 |
Pagegroup plc | 306,210 | 2,425,787 |
Paragon Banking Group plc | 155,295 | 939,385 |
PayPoint plc | 56,948 | 695,030 |
Pendragon plc | 5,900,051 | 1,917,147 |
Petra Diamonds Ltd. * | 715,765 | 319,842 |
Pets at Home Group plc | 528,789 | 800,009 |
Playtech plc | 142,314 | 984,054 |
Polypipe Group plc | 111,196 | 534,750 |
Premier Oil plc * | 2,792,749 | 4,501,044 |
PZ Cussons plc | 204,768 | 638,753 |
QinetiQ Group plc | 750,594 | 2,643,833 |
Randgold Resources Ltd. | 35,141 | 2,293,773 |
Rathbone Brothers plc | 17,711 | 606,343 |
Redrow plc | 109,642 | 780,227 |
Renishaw plc | 11,156 | 791,700 |
Rentokil Initial plc | 684,807 | 2,892,752 |
Rightmove plc | 133,050 | 850,910 |
Rotork plc | 511,321 | 2,246,312 |
Royal Bank of Scotland Group plc | 907,047 | 2,844,768 |
RPC Group plc | 166,605 | 1,546,563 |
RPS Group plc | 327,298 | 999,703 |
Saga plc | 1,047,846 | 1,725,575 |
Savills plc | 105,549 | 1,097,498 |
Schroders plc | 44,856 | 1,792,773 |
Schroders plc, Non-Voting Shares | 18,708 | 575,067 |
Segro plc | 253,795 | 2,171,204 |
Senior plc | 422,167 | 1,746,000 |
Serco Group plc * | 825,562 | 1,047,808 |
SIG plc | 1,383,339 | 2,337,392 |
Spectris plc | 93,100 | 2,848,497 |
Speedy Hire plc | 194,036 | 148,797 |
Spirax-Sarco Engineering plc | 32,825 | 3,041,963 |
Spire Healthcare Group plc | 353,081 | 790,714 |
Spirent Communications plc | 758,184 | 1,164,801 |
Sports Direct International plc * | 373,352 | 1,852,253 |
SSP Group plc | 189,686 | 1,711,757 |
ST Modwen Properties plc | 129,037 | 660,465 |
St. James's Place plc | 161,022 | 2,368,097 |
Stagecoach Group plc | 898,986 | 1,899,910 |
Security | Number of Shares | Value ($) |
Stock Spirits Group plc | 40,139 | 100,689 |
Stolt-Nielsen Ltd. | 73,584 | 1,186,115 |
Superdry plc | 33,608 | 520,689 |
Synthomer plc | 176,366 | 1,299,743 |
TalkTalk Telecom Group plc (a) | 923,777 | 1,538,069 |
Telecom Plus plc | 59,994 | 800,046 |
The Go-Ahead Group plc | 65,668 | 1,433,059 |
The Restaurant Group plc | 383,307 | 1,457,742 |
The Unite Group plc | 74,068 | 853,432 |
Thomas Cook Group plc | 1,140,863 | 1,238,910 |
TP ICAP plc | 147,920 | 547,938 |
Tullow Oil plc * | 1,064,328 | 3,221,845 |
Tyman plc | 126,736 | 556,771 |
Ultra Electronics Holdings plc | 67,996 | 1,418,463 |
Vedanta Resources plc | 164,327 | 1,783,426 |
Vertu Motors plc | 1,444,690 | 924,785 |
Vesuvius plc | 246,358 | 1,985,263 |
Victrex plc | 45,972 | 1,892,946 |
WH Smith plc | 84,001 | 2,253,481 |
241,212,793 | ||
Total Common Stock | ||
(Cost $1,797,573,293) | 1,954,785,909 | |
Preferred Stock 0.2% of net assets | ||
Germany 0.2% | ||
Draegerwerk AG & Co. KGaA | 5,795 | 468,602 |
Jungheinrich AG | 22,483 | 812,497 |
Sartorius AG | 6,963 | 1,267,066 |
Schaeffler AG | 85,643 | 1,165,854 |
Sixt SE | 2,368 | 198,372 |
3,912,391 | ||
Sweden 0.0% | ||
SAS AB | 6,410 | 384,469 |
Total Preferred Stock | ||
(Cost $4,030,901) | 4,296,860 | |
Other Investment Companies 3.9% of net assets | ||
United States 3.9% | ||
Money Market Fund 0.1% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.87% (c) | 1,903,272 | 1,903,272 |
Securities Lending Collateral 3.8% | ||
Wells Fargo Government Money Market Fund, Select Class 1.87% (c) | 74,455,780 | 74,455,780 |
Total Other Investment Companies | ||
(Cost $76,359,052) | 76,359,052 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
Long | ||||||
MSCI EAFE Index, e-mini, expires 09/21/18 | 63 | 6,170,220 | (4,319) |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $67,909,705. |
(b) | Fair-valued by management using significant unobservable inputs in accordance with procedures approved by the fund’s Board of Trustees. |
(c) | The rate shown is the 7-day yield. |
ADR — | American Depositary Receipt |
CVA — | Dutch Certificate |
REIT — | Real Estate Investment Trust |
RSP — | Risparmio (Convertible Savings Shares) |
Security | Number of Shares | Value ($) |
Common Stock 93.2% of net assets | ||
Brazil 5.1% | ||
Ambev S.A. | 2,092,740 | 9,574,561 |
B3 S.A. - Brasil Bolsa Balcao | 368,177 | 1,944,499 |
Banco Bradesco S.A. | 534,488 | 3,257,444 |
Banco do Brasil S.A. | 1,273,061 | 9,300,535 |
BRF S.A. * | 632,756 | 3,091,522 |
CCR S.A. | 629,090 | 1,429,160 |
Centrais Eletricas Brasileiras S.A. * | 272,482 | 1,046,253 |
Cia Energetica de Minas Gerais | 100,910 | 171,935 |
Cielo S.A. | 418,951 | 1,535,438 |
Companhia de Saneamento Basico do Estado de Sao Paulo | 298,379 | 1,767,056 |
Embraer S.A. | 640,190 | 3,045,490 |
Itau Unibanco Holding S.A. | 248,081 | 2,251,943 |
JBS S.A. | 1,908,079 | 4,353,278 |
Kroton Educacional S.A. | 390,742 | 969,244 |
Petrobras Distribuidora S.A. | 115,543 | 554,705 |
Petroleo Brasileiro S.A. | 3,537,510 | 18,957,846 |
Tim Participacoes S.A. | 726,152 | 2,166,066 |
Ultrapar Participacoes S.A. | 470,091 | 4,697,373 |
Vale S.A. | 3,074,889 | 40,017,366 |
110,131,714 | ||
Chile 0.6% | ||
Cencosud S.A. | 1,440,838 | 3,428,184 |
Empresas COPEC S.A. | 306,713 | 4,700,016 |
Enel Americas S.A. | 15,686,887 | 2,339,300 |
Latam Airlines Group S.A. | 169,358 | 1,592,536 |
Sociedad Quimica y Minera de Chile S.A., B Shares | 33,822 | 1,469,373 |
13,529,409 | ||
China 20.6% | ||
Agricultural Bank of China Ltd., H Shares | 19,966,847 | 9,666,835 |
Alibaba Group Holding Ltd. ADR * | 25,398 | 4,444,904 |
Anhui Conch Cement Co., Ltd., H Shares | 559,470 | 3,407,186 |
Baidu, Inc. ADR * | 23,395 | 5,298,500 |
Bank of China Ltd., H Shares | 63,699,232 | 28,648,382 |
Bank of Communications Co., Ltd., H Shares | 6,131,153 | 4,429,110 |
China Cinda Asset Management Co., Ltd., H Shares | 5,090,151 | 1,316,491 |
China CITIC Bank Corp., Ltd., H Shares | 6,026,508 | 3,762,297 |
China Communications Construction Co., Ltd., H Shares | 3,021,570 | 2,998,895 |
China Communications Services Corp., Ltd., H Shares | 3,307,888 | 2,739,399 |
China Construction Bank Corp., H Shares | 68,944,986 | 61,049,020 |
China Evergrande Group * | 1,048,036 | 3,758,770 |
China Huarong Asset Management Co., Ltd., H Shares | 4,197,052 | 871,612 |
Security | Number of Shares | Value ($) |
China Life Insurance Co., Ltd., H Shares | 1,706,990 | 3,858,121 |
China Merchants Bank Co., Ltd., H Shares | 1,534,524 | 5,884,796 |
China Minsheng Banking Corp., Ltd., H Shares | 5,192,590 | 3,718,019 |
China Mobile Ltd. | 4,587,809 | 43,137,294 |
China National Building Material Co., Ltd., H Shares | 5,704,680 | 5,334,805 |
China Overseas Land & Investment Ltd. | 1,775,803 | 5,622,279 |
China Pacific Insurance (Group) Co., Ltd., H Shares | 797,987 | 2,973,808 |
China Petroleum & Chemical Corp., H Shares | 51,382,581 | 51,651,641 |
China Railway Construction Corp., Ltd., H Shares | 2,066,231 | 2,498,252 |
China Railway Group Ltd., H Shares | 3,175,348 | 2,742,914 |
China Resources Beer Holdings Co., Ltd. | 1,254,123 | 5,336,762 |
China Resources Land Ltd. | 1,207,309 | 4,206,946 |
China Resources Power Holdings Co., Ltd. | 2,049,700 | 3,692,589 |
China Shenhua Energy Co., Ltd., H Shares | 3,008,717 | 6,708,271 |
China Telecom Corp., Ltd., H Shares | 18,690,606 | 8,787,007 |
China Unicom (Hong Kong) Ltd. | 7,127,952 | 8,291,379 |
CITIC Ltd. | 2,950,086 | 4,194,595 |
CNOOC Ltd. | 17,674,092 | 31,254,876 |
Country Garden Holdings Co., Ltd. | 1,326,019 | 1,973,258 |
Dongfeng Motor Group Co., Ltd., H Shares | 1,950,759 | 2,179,688 |
Great Wall Motor Co., Ltd., H Shares | 1,670,141 | 1,027,759 |
Guangzhou R&F Properties Co., Ltd., H Shares | 786,326 | 1,586,898 |
Haier Electronics Group Co., Ltd. * | 783,268 | 2,040,774 |
Hengan International Group Co., Ltd. | 242,676 | 2,184,390 |
Huaneng Power International, Inc., H Shares | 5,744,990 | 3,689,020 |
Industrial & Commercial Bank of China Ltd., H Shares | 50,081,619 | 36,880,551 |
Jiangxi Copper Co., Ltd., H Shares | 2,202,679 | 2,609,909 |
Kingboard Holdings Ltd. | 447,844 | 1,591,923 |
Kunlun Energy Co., Ltd. | 2,783,378 | 2,907,885 |
Lenovo Group Ltd. | 8,929,408 | 5,824,838 |
PetroChina Co., Ltd., H Shares | 28,346,516 | 21,091,319 |
PICC Property & Casualty Co., Ltd., H Shares | 3,531,089 | 3,976,968 |
Ping An Insurance Group Co. of China Ltd., H Shares | 873,222 | 8,410,807 |
Shimao Property Holdings Ltd. | 1,020,123 | 3,041,302 |
Sinopec Shanghai Petrochemical Co., Ltd., H Shares | 3,134,420 | 1,840,981 |
Sinopharm Group Co., Ltd., H Shares | 729,192 | 3,627,890 |
Tencent Holdings Ltd. | 178,573 | 7,735,456 |
Weichai Power Co., Ltd., H Shares | 1,321,984 | 1,401,331 |
447,908,702 | ||
Security | Number of Shares | Value ($) |
Colombia 0.6% | ||
Bancolombia S.A. | 156,968 | 1,685,422 |
Ecopetrol S.A. | 9,193,201 | 10,292,396 |
Grupo Argos S.A. | 242,852 | 1,518,443 |
13,496,261 | ||
Czech Republic 0.2% | ||
CEZ A/S | 203,527 | 5,181,310 |
Greece 0.5% | ||
Alpha Bank AE * | 1,836,845 | 3,381,001 |
Hellenic Telecommunications Organization S.A. | 183,965 | 2,352,335 |
National Bank of Greece S.A. *(a) | 1,141,562 | 3,069,254 |
Piraeus Bank S.A. * | 927,321 | 2,589,450 |
11,392,040 | ||
Hungary 0.4% | ||
MOL Hungarian Oil & Gas plc | 501,168 | 5,132,324 |
OTP Bank plc | 106,265 | 3,928,248 |
9,060,572 | ||
India 5.0% | ||
Bharat Petroleum Corp., Ltd. | 575,642 | 2,938,827 |
Bharti Airtel Ltd. | 705,208 | 3,816,557 |
Coal India Ltd. | 925,657 | 3,731,928 |
HCL Technologies Ltd. | 177,537 | 2,619,391 |
Hero MotoCorp Ltd. | 39,674 | 1,820,077 |
Hindalco Industries Ltd. | 746,125 | 2,503,170 |
Hindustan Petroleum Corp., Ltd. | 451,576 | 1,615,904 |
Housing Development Finance Corp., Ltd. | 209,626 | 5,721,795 |
Indian Oil Corp., Ltd. | 1,967,009 | 4,313,893 |
Infosys Ltd. | 716,315 | 14,554,295 |
ITC Ltd. | 655,834 | 2,957,558 |
JSW Steel Ltd. | 544,305 | 3,041,685 |
NTPC Ltd. | 1,204,367 | 2,912,165 |
Oil & Natural Gas Corp., Ltd. | 2,632,359 | 6,682,381 |
Reliance Industries Ltd. GDR | 631,579 | 21,852,633 |
State Bank of India * | 1,473,868 | 6,433,578 |
Sun Pharmaceutical Industries Ltd. | 235,321 | 2,166,043 |
Tata Consultancy Services Ltd. | 247,318 | 7,247,327 |
Tata Motors Ltd. * | 565,014 | 1,131,601 |
Tata Motors Ltd. ADR * | 238,851 | 4,430,686 |
Tata Steel Ltd. | 219,289 | 1,856,619 |
Vedanta Ltd. | 648,893 | 2,083,191 |
Wipro Ltd. | 450,663 | 1,914,132 |
108,345,436 | ||
Indonesia 1.3% | ||
Golden Agri-Resources Ltd. | 9,110,135 | 1,895,105 |
PT Astra International Tbk | 12,572,119 | 6,187,907 |
PT Bank Central Asia Tbk | 1,928,110 | 3,246,241 |
PT Bank Mandiri (Persero) Tbk | 6,108,080 | 2,861,219 |
PT Bank Rakyat Indonesia (Persero) Tbk | 16,501,224 | 3,562,382 |
PT Perusahaan Gas Negara (Persero) Tbk | 15,618,869 | 2,269,136 |
Security | Number of Shares | Value ($) |
PT Telekomunikasi Indonesia (Persero) Tbk | 22,740,258 | 5,387,882 |
PT United Tractors Tbk | 899,652 | 2,101,020 |
27,510,892 | ||
Malaysia 1.7% | ||
Axiata Group Berhad | 4,148,657 | 4,845,737 |
CIMB Group Holdings Berhad | 1,863,623 | 2,761,763 |
Genting Berhad | 1,637,900 | 3,435,624 |
Malayan Banking Berhad | 2,662,500 | 6,452,975 |
Maxis Berhad | 1,712,100 | 2,408,064 |
Petronas Chemicals Group Berhad | 1,436,700 | 3,307,259 |
Public Bank Berhad | 933,800 | 5,708,007 |
Tenaga Nasional Berhad | 2,279,400 | 8,697,163 |
37,616,592 | ||
Mexico 4.0% | ||
Alfa S.A.B. de C.V., A Shares | 3,796,198 | 4,989,328 |
America Movil S.A.B. de C.V., Series L | 40,219,631 | 33,760,889 |
Cemex S.A.B. de C.V., Series CPO * | 10,996,903 | 7,781,601 |
Coca-Cola Femsa S.A.B. de C.V., Series L | 358,839 | 2,156,919 |
Fomento Economico Mexicano S.A.B. de C.V. | 1,139,305 | 10,886,871 |
Grupo Bimbo S.A.B. de C.V., Series A | 1,258,782 | 2,616,908 |
Grupo Financiero Banorte S.A.B. de C.V., O Shares | 896,768 | 6,137,447 |
Grupo Mexico S.A.B. de C.V., Series B | 1,823,095 | 5,341,376 |
Grupo Televisa S.A.B., Series CPO | 1,295,960 | 4,672,654 |
Wal-Mart de Mexico S.A.B. de C.V. | 3,107,963 | 8,597,064 |
86,941,057 | ||
Peru 0.2% | ||
Credicorp Ltd. | 15,545 | 3,389,121 |
Philippines 0.1% | ||
PLDT, Inc. | 114,424 | 2,981,085 |
Poland 1.7% | ||
Bank Pekao S.A. | 89,543 | 2,842,886 |
Energa S.A. | 498,294 | 1,137,271 |
KGHM Polska Miedz S.A. * | 214,510 | 5,292,154 |
Orange Polska S.A. * | 1,694,891 | 2,238,088 |
PGE S.A. * | 1,329,791 | 3,251,809 |
Polski Koncern Naftowy Orlen S.A. | 351,071 | 9,370,923 |
Polskie Gornictwo Naftowe i Gazownictwo S.A. * | 1,473,948 | 2,330,796 |
Powszechna Kasa Oszczednosci Bank Polski S.A. | 337,795 | 3,873,154 |
Powszechny Zaklad Ubezpieczen S.A. | 352,191 | 4,273,621 |
Tauron Polska Energia S.A. * | 3,324,441 | 1,806,540 |
36,417,242 | ||
Republic of Korea 18.5% | ||
CJ CheilJedang Corp. | 6,123 | 1,883,958 |
CJ Corp. | 17,679 | 2,096,418 |
Daelim Industrial Co., Ltd. | 31,873 | 2,345,056 |
DB Insurance Co., Ltd. | 37,335 | 2,146,557 |
Doosan Heavy Industries & Construction Co., Ltd. * | 128,120 | 1,628,620 |
E-MART, Inc. | 18,475 | 3,560,066 |
GS Holdings Corp. | 48,660 | 2,321,202 |
Security | Number of Shares | Value ($) |
Hana Financial Group, Inc. | 140,680 | 5,396,430 |
Hankook Tire Co., Ltd. | 61,617 | 2,582,251 |
Hanwha Corp. | 52,063 | 1,489,652 |
Hyosung Advanced Materials Corp. * | 3,191 | 458,662 |
Hyosung Chemical Corp. * | 1,502 | 255,022 |
Hyosung Corp. | 6,497 | 267,899 |
Hyosung Heavy Industries Corp. * | 7,726 | 410,887 |
Hyosung TNC Co., Ltd. * | 2,038 | 347,860 |
Hyundai Engineering & Construction Co., Ltd. | 90,093 | 4,856,111 |
Hyundai Glovis Co., Ltd. | 21,106 | 2,294,234 |
Hyundai Heavy Industries Co., Ltd. * | 43,248 | 4,584,525 |
Hyundai Marine & Fire Insurance Co., Ltd. | 58,290 | 1,947,975 |
Hyundai Mobis Co., Ltd. | 69,903 | 14,066,633 |
Hyundai Motor Co. | 172,659 | 19,388,560 |
Hyundai Steel Co. | 107,335 | 5,139,429 |
Hyundai Wia Corp. | 37,355 | 1,431,245 |
Industrial Bank of Korea | 202,116 | 2,705,411 |
KB Financial Group, Inc. | 178,853 | 8,306,787 |
Kia Motors Corp. | 546,943 | 15,747,674 |
Korea Electric Power Corp. | 437,421 | 11,985,214 |
Korea Gas Corp. * | 67,636 | 3,196,024 |
Korea Zinc Co., Ltd. | 5,813 | 2,117,569 |
Korean Air Lines Co., Ltd. | 73,567 | 1,853,797 |
KT&G Corp. | 55,602 | 5,044,964 |
LG Chem Ltd. | 30,839 | 10,139,760 |
LG Corp. | 48,932 | 3,143,007 |
LG Display Co., Ltd. | 462,164 | 8,822,697 |
LG Electronics, Inc. | 142,342 | 9,820,658 |
LG Uplus Corp. | 257,133 | 3,626,634 |
Lotte Chemical Corp. | 11,074 | 3,143,677 |
Lotte Shopping Co., Ltd. | 14,835 | 2,398,868 |
NAVER Corp. | 3,436 | 2,321,225 |
POSCO | 91,234 | 26,760,006 |
S-Oil Corp. | 40,165 | 4,311,834 |
Samsung Electro-Mechanics Co., Ltd. | 38,786 | 5,609,797 |
Samsung Electronics Co., Ltd. | 2,856,188 | 124,315,958 |
Samsung Fire & Marine Insurance Co., Ltd. | 19,796 | 4,712,698 |
Samsung Heavy Industries Co., Ltd. * | 337,318 | 2,145,453 |
Samsung Life Insurance Co., Ltd. | 35,244 | 2,928,689 |
Samsung SDI Co., Ltd. | 17,759 | 3,765,103 |
Samsung SDS Co., Ltd. | 11,863 | 2,584,357 |
Shinhan Financial Group Co., Ltd. | 272,419 | 10,670,142 |
SK Holdings Co., Ltd. | 7,151 | 1,689,541 |
SK Hynix, Inc. | 212,742 | 15,862,719 |
SK Innovation Co., Ltd. | 93,870 | 16,275,354 |
SK Networks Co., Ltd. | 623,358 | 2,508,776 |
Woori Bank | 254,158 | 3,721,669 |
403,135,314 | ||
Russia 12.0% | ||
Alrosa PJSC | 1,261,431 | 1,898,877 |
Gazprom PJSC | 39,636,717 | 88,243,421 |
Inter RAO UES PJSC | 37,338,562 | 2,239,635 |
LUKOIL PJSC | 938,031 | 65,463,537 |
Magnit PJSC | 64,000 | 3,854,990 |
MMC Norilsk Nickel PJSC | 44,526 | 7,417,281 |
Mobile TeleSystems PJSC | 1,544,254 | 6,005,862 |
NOVATEK PJSC | 798,343 | 12,836,783 |
Rosneft Oil Co. PJSC | 1,769,871 | 11,448,996 |
Rostelecom PJSC | 3,310,875 | 3,322,980 |
Sberbank of Russia PJSC | 5,708,660 | 15,425,661 |
Severstal PJSC | 150,388 | 2,425,053 |
Sistema PJSC | 25,613,572 | 3,152,544 |
Surgutneftegas PJSC | 46,081,526 | 19,663,079 |
Security | Number of Shares | Value ($) |
Tatneft PJSC | 1,308,632 | 15,215,036 |
VTB Bank PJSC | 5,491,570,000 | 3,377,316 |
261,991,051 | ||
South Africa 4.9% | ||
Absa Group Ltd. | 334,363 | 3,709,629 |
AngloGold Ashanti Ltd. | 410,267 | 3,301,458 |
Aspen Pharmacare Holdings Ltd. | 72,393 | 1,439,930 |
Barloworld Ltd. | 286,643 | 2,445,551 |
Bid Corp., Ltd. | 158,280 | 3,387,767 |
FirstRand Ltd. | 1,376,821 | 6,643,887 |
Gold Fields Ltd. | 1,133,325 | 2,784,725 |
Impala Platinum Holdings Ltd. * | 1,319,076 | 1,611,566 |
Imperial Holdings Ltd. | 228,087 | 3,209,759 |
MTN Group Ltd. | 2,436,032 | 14,796,177 |
Naspers Ltd., N Shares | 17,706 | 3,946,675 |
Nedbank Group Ltd. | 136,362 | 2,587,213 |
Remgro Ltd. | 135,350 | 1,980,745 |
Sanlam Ltd. | 637,394 | 3,451,640 |
Sappi Ltd. | 336,745 | 2,307,368 |
Sasol Ltd. | 698,683 | 27,468,060 |
Shoprite Holdings Ltd. | 224,254 | 3,122,451 |
Standard Bank Group Ltd. | 704,610 | 8,961,490 |
Steinhoff International Holdings N.V. * | 15,065,412 | 2,879,151 |
The Bidvest Group Ltd. | 140,868 | 2,076,784 |
Tiger Brands Ltd. | 78,254 | 1,529,001 |
Vodacom Group Ltd. | 224,757 | 1,938,881 |
Woolworths Holdings Ltd. | 550,679 | 2,037,902 |
107,617,810 | ||
Taiwan 12.6% | ||
Acer, Inc. * | 4,718,470 | 3,948,061 |
Asustek Computer, Inc. | 1,009,176 | 8,591,878 |
AU Optronics Corp. | 17,266,371 | 7,476,566 |
Catcher Technology Co., Ltd. | 264,000 | 3,236,074 |
Cathay Financial Holding Co., Ltd. | 2,466,840 | 4,224,509 |
Cheng Shin Rubber Industry Co., Ltd. | 1,464,000 | 2,235,442 |
China Steel Corp. | 8,271,088 | 6,772,517 |
Chunghwa Telecom Co., Ltd. | 2,273,764 | 8,032,017 |
Compal Electronics, Inc. | 10,339,000 | 6,479,757 |
CTBC Financial Holding Co., Ltd. | 5,788,809 | 4,070,919 |
Delta Electronics, Inc. | 1,114,696 | 4,463,865 |
Far Eastern New Century Corp. | 4,347,061 | 5,059,659 |
Far EasTone Telecommunications Co., Ltd. | 907,588 | 2,162,964 |
First Financial Holding Co., Ltd. | 2,836,080 | 1,897,491 |
Formosa Chemicals & Fibre Corp. | 1,888,882 | 7,564,138 |
Formosa Petrochemical Corp. | 888,704 | 3,645,668 |
Formosa Plastics Corp. | 1,737,704 | 6,364,698 |
Foxconn Technology Co., Ltd. | 802,858 | 2,038,838 |
Fubon Financial Holding Co., Ltd. | 2,831,116 | 4,691,643 |
Hon Hai Precision Industry Co., Ltd. | 16,315,911 | 42,761,870 |
Hotai Motor Co., Ltd. | 209,200 | 1,811,727 |
HTC Corp. * | 1,836,822 | 2,667,174 |
Innolux Corp. | 23,832,000 | 8,884,141 |
Inventec Corp. | 4,723,646 | 4,236,902 |
Largan Precision Co., Ltd. | 12,500 | 1,914,781 |
Lite-On Technology Corp. | 2,604,229 | 3,132,875 |
MediaTek, Inc. | 720,046 | 5,895,867 |
Mega Financial Holding Co., Ltd. | 4,425,548 | 3,717,374 |
Nan Ya Plastics Corp. | 2,477,588 | 6,888,687 |
Pegatron Corp. | 3,322,234 | 7,160,407 |
Pou Chen Corp. | 2,371,000 | 2,613,002 |
Quanta Computer, Inc. | 3,357,058 | 5,770,883 |
Synnex Technology International Corp. | 2,200,178 | 2,944,077 |
Taiwan Cement Corp. | 3,058,000 | 4,216,386 |
Security | Number of Shares | Value ($) |
Taiwan Mobile Co., Ltd. | 703,000 | 2,448,999 |
Taiwan Semiconductor Manufacturing Co., Ltd. | 5,992,352 | 49,944,396 |
Uni-President Enterprises Corp. | 2,261,796 | 5,714,321 |
United Microelectronics Corp. | 12,070,931 | 6,818,514 |
Walsin Lihwa Corp. | 4,126,000 | 2,914,999 |
Wistron Corp. | 6,095,934 | 4,316,671 |
WPG Holdings Ltd. | 2,652,000 | 3,358,711 |
Yuanta Financial Holding Co., Ltd. | 4,135,000 | 2,093,415 |
275,182,883 | ||
Thailand 2.4% | ||
Advanced Info Service PCL NVDR | 634,600 | 3,916,566 |
Bangkok Bank PCL | 411,000 | 2,611,916 |
Charoen Pokphand Foods PCL NVDR | 2,704,500 | 2,127,738 |
CP ALL PCL NVDR | 731,300 | 1,508,181 |
Kasikornbank PCL NVDR | 615,000 | 3,964,711 |
Krung Thai Bank PCL NVDR | 2,522,400 | 1,495,098 |
PTT Exploration & Production PCL NVDR | 1,308,700 | 5,697,823 |
PTT Global Chemical PCL NVDR | 1,800,100 | 4,496,125 |
PTT PCL NVDR | 9,292,900 | 14,906,118 |
Thai Beverage PCL | 3,043,600 | 1,377,345 |
Thai Oil PCL NVDR | 934,500 | 2,405,488 |
The Siam Cement PCL NVDR | 238,200 | 3,289,533 |
The Siam Commercial Bank PCL NVDR | 843,000 | 3,811,916 |
51,608,558 | ||
Turkey 0.7% | ||
Akbank T.A.S. | 1,560,645 | 1,357,441 |
BIM Birlesik Magazalar A/S | 108,117 | 1,191,822 |
Eregli Demir ve Celik Fabrikalari T.A.S. | 911,855 | 1,630,316 |
Haci Omer Sabanci Holding A/S | 1,012,431 | 1,088,529 |
KOC Holding A/S | 852,771 | 1,929,029 |
Tupras-Turkiye Petrol Rafinerileri A/S | 132,252 | 2,356,561 |
Turkcell Iletisim Hizmetleri A/S | 794,293 | 1,271,397 |
Turkiye Garanti Bankasi A/S | 1,603,510 | 1,440,731 |
Turkiye Halk Bankasi A/S | 1,092,937 | 1,013,346 |
Turkiye Is Bankasi A/S, C Shares | 1,436,099 | 865,270 |
14,144,442 | ||
United Arab Emirates 0.1% | ||
Emirates Telecommunications Group Co. PJSC | 575,133 | 2,653,990 |
Total Common Stock | ||
(Cost $1,878,910,234) | 2,030,235,481 | |
Preferred Stock 6.5% of net assets | ||
Brazil 4.1% | ||
Banco Bradesco S.A. | 2,005,882 | 13,816,881 |
Braskem S.A., A Shares | 181,047 | 2,601,828 |
Centrais Eletricas Brasileiras S.A., B Shares * | 206,808 | 908,528 |
Cia Brasileira de Distribuicao | 198,491 | 3,934,555 |
Companhia Energetica de Minas Gerais | 2,681,146 | 4,854,578 |
Companhia Energetica de Sao Paulo, B Shares | 416,880 | 1,689,740 |
Companhia Paranaense de Energia - Copel, B Shares | 296,045 | 1,465,100 |
Gerdau S.A. | 1,414,006 | 5,504,880 |
Itau Unibanco Holding S.A. | 2,090,132 | 21,443,625 |
Itausa - Investimentos Itau S.A. | 1,076,450 | 2,505,559 |
Security | Number of Shares | Value ($) |
Metalurgica Gerdau S.A. | 2,197,010 | 4,191,281 |
Petroleo Brasileiro S.A. | 4,647,185 | 21,723,935 |
Telefonica Brasil S.A. | 457,990 | 4,448,620 |
89,089,110 | ||
Colombia 0.1% | ||
Bancolombia S.A. | 272,194 | 2,958,287 |
Republic of Korea 1.0% | ||
Hyundai Motor Co., Ltd. | 29,327 | 2,062,888 |
Hyundai Motor Co., Ltd. 2nd | 44,708 | 3,437,996 |
LG Chem Ltd. | 5,192 | 932,848 |
LG Electronics, Inc. | 5,042 | 140,414 |
Samsung Electronics Co., Ltd. | 409,661 | 14,610,378 |
21,184,524 | ||
Russia 1.3% | ||
Bashneft PJSC | 25,224 | 632,718 |
Sberbank of Russia PJSC | 403,404 | 955,238 |
Surgutneftegas PJSC | 12,646,056 | 7,025,820 |
Transneft PJSC | 8,860 | 18,745,059 |
27,358,835 | ||
Total Preferred Stock | ||
(Cost $130,883,330) | 140,590,756 | |
Other Investment Company 0.1% of net assets | ||
United States 0.1% | ||
Money Market Fund 0.1% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.87% (b) | 1,625,547 | 1,625,547 |
Total Other Investment Company | ||
(Cost $1,625,547) | 1,625,547 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
Long | ||||||
MSCI Emerging Markets Index, e-mini, expires 09/21/18 | 111 | 5,854,695 | (27,627) |
* | Non-income producing security. |
(a) | Fair-valued by management using significant unobservable inputs in accordance with procedures approved by the fund’s Board of Trustees. |
(b) | The rate shown is the 7-day yield. |
ADR — | American Depositary Receipt |
GDR — | Global Depositary Receipt |
NVDR — | Non-Voting Depositary Receipt |
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
By: | /s/ Marie Chandoha | |
Marie Chandoha Chief Executive Officer | ||
Date: | October 17, 2018 |
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: | October 17, 2018 |
By: | /s/ Mark Fischer | |
Mark Fischer Chief Financial Officer | ||
Date: | October 17, 2018 |