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 Fundamental Index ETFs and Schwab U.S. REIT ETF
(Exact name of registrant as specified in charter)
211 Main Street, San Francisco, California 94105
(Address of principal executive offices) (Zip code)
Omar Aguilar
Schwab Strategic Trust—Schwab Fundamental Index ETFs and Schwab U.S. REIT ETF
211 Main Street, San Francisco, California 94105
(Name and address of agent for service)
Registrant’s telephone number, including area code: (415) 636-7000
Date of fiscal year end: February 28
Date of reporting period: August 31, 2023
Item 1: Report(s) to Shareholders.
Total Returns for the 6 Months Ended August 31, 2023 | |
Schwab U.S. REIT ETF (Ticker Symbol: SCHH) | |
Market Price Return1 | -2.07% |
NAV Return1 | -2.07% |
Dow Jones Equity All REIT Capped Index | -2.04% |
ETF Category: Morningstar Real Estate2 | -0.99% |
Performance Details | pages 4-5 |
Christopher Bliss, CFA, Managing Director and Head of Passive Equity Strategies for Schwab Asset Management, is responsible for overseeing the investment process and portfolio management of investment strategies for passive equity Schwab Funds and Schwab ETFs, and Schwab Personalized Indexing™ separately managed accounts. Before joining Schwab 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 the head of the Americas institutional index team. In this role, Mr. Bliss was responsible for overseeing a team of portfolio managers managing domestic, developed international and emerging markets index strategies. 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. |
Jeremy Brown, CFA, Senior Portfolio Manager for Schwab Asset Management, is responsible for the day-to-day co-management of the fund. Prior to joining Schwab in 2017, Mr. Brown spent six years with ALPS Advisors, Inc. in Denver, most recently as a senior analyst on the ETF portfolio management and research team where he performed portfolio management, trading, and analytics/research functions for ALPS ETFs and passive funds. Additionally, Mr. Brown led a number of investment research, commentary, industry trend analysis, and sales and marketing support initiatives. |
Ferian Juwono, CFA, Senior Portfolio Manager for Schwab Asset Management, is responsible for the oversight and day-to-day co-management of the fund. Prior to joining Schwab 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 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. |
Agnes Zau, CFA, Portfolio Manager for Schwab Asset Management, is responsible for the day-to-day co-management of the fund. Prior to joining Schwab in 2018, Ms. Zau was at BlackRock for three years, most recently as a multi-asset portfolio investment consultant where she advised institutional clients on asset allocation and strategy, constructed risk decomposition and portfolio optimization, and conducted scenario analyses for the core multi-asset target risk strategies. She spent the preceding three years as a derivatives specialist at Mellon Capital. |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | 10 Years |
Fund: Schwab U.S. REIT ETF (1/13/11) | ||||
Market Price Return2 | -2.07% | -7.76% | 0.40% | 5.27% |
NAV Return2 | -2.07% | -7.76% | 0.41% | 5.25% |
Dow Jones Equity All REIT Capped Index3 | -2.04% | -7.68% | N/A | N/A |
REIT Spliced Index | -2.04% | -7.68% | 0.45% | 5.33% |
ETF Category: Morningstar Real Estate4 | -0.99% | -5.73% | 3.08% | 6.32% |
Fund Expense Ratio5: 0.07% |
Number of Holdings | 125 |
Weighted Average Market Cap (millions) | $37,812 |
Price/Earnings Ratio (P/E) | 30.8 |
Price/Book Ratio (P/B) | 2.2 |
Portfolio Turnover Rate | 3% 2,3 |
EXPENSE RATIO (ANNUALIZED) 1 | BEGINNING ACCOUNT VALUE AT 3/1/23 | ENDING ACCOUNT VALUE (NET OF EXPENSES) AT 8/31/23 | EXPENSES PAID DURING PERIOD 3/1/23-8/31/23 2 | |
Schwab U.S. REIT ETF | ||||
Actual Return | 0.07% | $1,000.00 | $979.30 | $0.35 |
Hypothetical 5% Return | 0.07% | $1,000.00 | $1,024.78 | $0.36 |
1 | Based on the most recent six-month expense ratio. |
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 in the period, and divided by 366 days in the fiscal year. |
3/1/23– 8/31/23* | 3/1/22– 2/28/231 | 3/1/21– 2/28/221 | 3/1/20– 2/28/211 | 3/1/19– 2/29/201 | 3/1/18– 2/28/191 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $19.96 | $23.30 | $19.48 | $21.15 | $21.65 | $18.54 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)2 | 0.32 | 0.60 | 0.43 | 0.42 | 0.66 | 0.65 |
Net realized and unrealized gains (losses) | (0.74 ) | (3.45 ) | 3.79 | (1.54 ) | (0.50 ) | 3.17 |
Total from investment operations | (0.42 ) | (2.85 ) | 4.22 | (1.12 ) | 0.16 | 3.82 |
Less distributions: | ||||||
Distributions from net investment income | (0.31 ) | (0.49 ) | (0.40 ) | (0.55 ) | (0.66 ) | (0.71 ) |
Net asset value at end of period | $19.23 | $19.96 | $23.30 | $19.48 | $21.15 | $21.65 |
Total return | (2.07 %)3 | (12.22 %) | 21.56 % | (4.98 %) | 0.59 % | 20.85 % |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.07 %4 | 0.07 %5 | 0.07 % | 0.07 % | 0.07 % | 0.07 % |
Net investment income (loss) | 3.30 %4 | 2.82 %5 | 1.81 % | 2.33 % | 2.88 % | 3.17 % |
Portfolio turnover rate6 | 3 %3 | 6 % | 5 % | 59 % | 6 % | 7 % |
Net assets, end of period (x 1,000,000) | $5,820 | $5,780 | $6,648 | $4,892 | $5,717 | $5,127 |
* | Unaudited. |
1 | Per-Share Data has been retroactively adjusted to reflect a 2-for-1 share split effective after market close on March 10, 2022 (see financial note 12 for additional information). |
2 | Calculated based on the average shares outstanding during the period. |
3 | Not annualized. |
4 | Annualized. |
5 | Ratio includes less than 0.005% of non-routine proxy expenses. |
6 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY | NUMBER OF SHARES | VALUE ($) |
COMMON STOCKS 99.9% OF NET ASSETS | ||
Data Center REITs 8.9% | ||
Digital Realty Trust, Inc. | 1,447,895 | 190,716,729 |
Equinix, Inc. | 415,346 | 324,543,058 |
515,259,787 | ||
Diversified REITs 2.2% | ||
Alexander & Baldwin, Inc. | 360,493 | 6,492,479 |
American Assets Trust, Inc. | 259,291 | 5,551,420 |
Armada Hoffler Properties, Inc. | 337,626 | 3,845,560 |
Broadstone Net Lease, Inc. | 929,645 | 15,032,360 |
Empire State Realty Trust, Inc., Class A | 649,575 | 5,670,790 |
Essential Properties Realty Trust, Inc. | 740,976 | 17,798,244 |
Global Net Lease, Inc. | 515,712 | 5,853,331 |
WP Carey, Inc. | 1,062,985 | 69,147,174 |
129,391,358 | ||
Health Care REITs 8.6% | ||
CareTrust REIT, Inc. | 493,983 | 9,953,757 |
Global Medical REIT, Inc. | 306,265 | 2,964,645 |
Healthcare Realty Trust, Inc. | 1,892,526 | 33,157,055 |
Healthpeak Properties, Inc. | 2,718,384 | 55,944,343 |
LTC Properties, Inc. | 205,558 | 6,754,636 |
Medical Properties Trust, Inc. | 2,974,741 | 21,477,630 |
National Health Investors, Inc. | 215,460 | 11,016,470 |
Omega Healthcare Investors, Inc. | 1,164,652 | 37,059,227 |
Physicians Realty Trust | 1,183,878 | 16,467,743 |
Sabra Health Care REIT, Inc. | 1,148,102 | 14,385,718 |
Ventas, Inc. | 1,988,119 | 86,841,038 |
Welltower, Inc. | 2,470,075 | 204,719,816 |
500,742,078 | ||
Hotel & Resort REITs 2.8% | ||
Apple Hospitality REIT, Inc. | 1,057,656 | 15,885,993 |
DiamondRock Hospitality Co. | 1,041,809 | 8,396,981 |
Host Hotels & Resorts, Inc. | 3,534,628 | 55,811,776 |
Park Hotels & Resorts, Inc. | 1,070,803 | 13,738,402 |
Pebblebrook Hotel Trust | 611,313 | 8,845,699 |
RLJ Lodging Trust | 790,329 | 7,895,387 |
Ryman Hospitality Properties, Inc. | 293,867 | 24,987,511 |
Service Properties Trust | 821,592 | 6,786,350 |
Summit Hotel Properties, Inc. | 531,924 | 3,090,478 |
Sunstone Hotel Investors, Inc. | 1,028,453 | 9,235,508 |
Xenia Hotels & Resorts, Inc. | 543,694 | 6,415,589 |
161,089,674 | ||
Industrial REITs 14.2% | ||
Americold Realty Trust, Inc. | 1,342,616 | 45,179,028 |
EastGroup Properties, Inc. | 220,666 | 39,638,234 |
First Industrial Realty Trust, Inc. | 657,265 | 34,138,344 |
Industrial Logistics Properties Trust | 325,451 | 1,279,022 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Innovative Industrial Properties, Inc. | 139,222 | 12,151,296 |
LXP Industrial Trust | 1,452,954 | 14,268,008 |
Plymouth Industrial REIT, Inc. | 194,746 | 4,461,631 |
Prologis, Inc. | 4,555,254 | 565,762,547 |
Rexford Industrial Realty, Inc. | 998,663 | 53,398,511 |
STAG Industrial, Inc. | 891,441 | 32,564,340 |
Terreno Realty Corp. | 368,634 | 22,446,124 |
825,287,085 | ||
Multi-Family Residential REITs 10.2% | ||
Apartment Income REIT Corp. | 741,923 | 25,269,897 |
Apartment Investment & Management Co., Class A | 738,012 | 5,616,271 |
AvalonBay Communities, Inc. | 705,681 | 129,718,282 |
Camden Property Trust | 530,565 | 57,099,405 |
Centerspace | 74,396 | 4,816,397 |
Elme Communities | 435,612 | 6,699,713 |
Equity Residential | 1,694,727 | 109,869,151 |
Essex Property Trust, Inc. | 318,956 | 76,035,921 |
Independence Realty Trust, Inc. | 1,116,323 | 18,787,716 |
Mid-America Apartment Communities, Inc. | 579,753 | 84,197,528 |
NexPoint Residential Trust, Inc. | 113,534 | 4,263,202 |
UDR, Inc. | 1,537,725 | 61,355,228 |
Veris Residential, Inc. * | 396,097 | 7,371,365 |
591,100,076 | ||
Office REITs 5.0% | ||
Alexandria Real Estate Equities, Inc. | 782,435 | 91,028,488 |
Boston Properties, Inc. | 709,268 | 47,357,824 |
Brandywine Realty Trust | 856,303 | 4,281,515 |
Corporate Office Properties Trust | 558,739 | 14,460,165 |
Cousins Properties, Inc. | 753,304 | 17,702,644 |
Douglas Emmett, Inc. | 843,257 | 11,527,323 |
Easterly Government Properties, Inc. | 463,765 | 6,200,538 |
Equity Commonwealth | 547,256 | 10,414,282 |
Highwoods Properties, Inc. | 523,696 | 12,479,676 |
Hudson Pacific Properties, Inc. | 635,092 | 4,324,977 |
JBG SMITH Properties | 481,476 | 7,549,544 |
Kilroy Realty Corp. | 523,452 | 19,341,551 |
Office Properties Income Trust | 243,074 | 1,798,748 |
Orion Office REIT, Inc. | 283,978 | 1,655,592 |
Paramount Group, Inc. | 811,768 | 4,172,488 |
Peakstone Realty Trust | 178,842 | 3,514,245 |
Piedmont Office Realty Trust, Inc., Class A | 615,282 | 4,226,987 |
SL Green Realty Corp. (a) | 319,678 | 12,550,558 |
Vornado Realty Trust | 800,415 | 19,225,968 |
293,813,113 | ||
Other Specialized REITs 6.9% | ||
EPR Properties | 374,774 | 16,782,380 |
Farmland Partners, Inc. | 233,873 | 2,595,990 |
Four Corners Property Trust, Inc. | 432,164 | 10,873,246 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Gaming & Leisure Properties, Inc. | 1,305,310 | 61,871,694 |
Gladstone Land Corp. | 165,058 | 2,596,362 |
Iron Mountain, Inc. | 1,449,264 | 92,086,235 |
Lamar Advertising Co., Class A | 434,773 | 39,659,993 |
Outfront Media, Inc. | 729,732 | 8,282,458 |
Safehold, Inc. | 200,189 | 4,260,022 |
Uniti Group, Inc. | 1,184,740 | 6,362,054 |
VICI Properties, Inc. | 4,990,720 | 153,913,805 |
399,284,239 | ||
Retail REITs 13.3% | ||
Acadia Realty Trust | 472,820 | 7,040,290 |
Agree Realty Corp. | 463,320 | 28,642,442 |
Brixmor Property Group, Inc. | 1,493,615 | 32,829,658 |
Federal Realty Investment Trust | 364,590 | 35,707,945 |
Getty Realty Corp. | 223,652 | 6,714,033 |
InvenTrust Properties Corp. | 335,243 | 8,015,660 |
Kimco Realty Corp. | 3,080,654 | 58,347,587 |
Kite Realty Group Trust | 1,090,866 | 24,620,846 |
NETSTREIT Corp. | 302,454 | 5,120,546 |
NNN REIT, Inc. | 904,906 | 35,644,247 |
Phillips Edison & Co., Inc. | 583,763 | 19,766,215 |
Realty Income Corp. | 3,345,680 | 187,491,907 |
Regency Centers Corp. | 816,591 | 50,791,960 |
Retail Opportunity Investments Corp. | 625,833 | 8,423,712 |
RPT Realty | 431,129 | 4,889,003 |
Simon Property Group, Inc. | 1,625,016 | 184,423,066 |
SITE Centers Corp. | 904,075 | 12,069,401 |
Spirit Realty Capital, Inc. | 702,576 | 27,126,459 |
Tanger Factory Outlet Centers, Inc. | 522,281 | 12,143,033 |
The Macerich Co. | 1,068,153 | 12,486,709 |
The Necessity Retail REIT, Inc. | 666,870 | 5,001,525 |
Urban Edge Properties | 583,825 | 9,551,377 |
776,847,621 | ||
Self Storage REITs 7.1% | ||
CubeSmart | 1,116,564 | 46,571,884 |
Extra Space Storage, Inc. | 1,049,617 | 135,064,716 |
National Storage Affiliates Trust | 407,810 | 13,702,416 |
Public Storage | 786,345 | 217,330,031 |
412,669,047 | ||
Single-Family Residential REITs 5.0% | ||
American Homes 4 Rent, Class A | 1,561,453 | 56,274,766 |
Equity LifeStyle Properties, Inc. | 869,870 | 58,246,495 |
Invitation Homes, Inc. | 2,888,972 | 98,485,056 |
Sun Communities, Inc. | 618,265 | 75,688,001 |
UMH Properties, Inc. | 280,624 | 4,195,329 |
292,889,647 | ||
SECURITY | NUMBER OF SHARES | VALUE ($) |
Telecom Tower REITs 13.0% | ||
American Tower Corp. | 2,298,882 | 416,833,284 |
Crown Castle, Inc. | 2,155,198 | 216,597,399 |
SBA Communications Corp. | 538,399 | 120,886,728 |
754,317,411 | ||
Timber REITs 2.7% | ||
PotlatchDeltic Corp. | 397,617 | 18,791,379 |
Rayonier, Inc. | 737,303 | 22,045,360 |
Weyerhaeuser Co. | 3,639,262 | 119,185,831 |
160,022,570 | ||
Total Common Stocks (Cost $6,158,958,038) | 5,812,713,706 |
SHORT-TERM INVESTMENTS 0.2% OF NET ASSETS | ||
Money Market Funds 0.2% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (b) | 1,495,695 | 1,495,695 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (b)(c) | 10,293,700 | 10,293,700 |
11,789,395 | ||
Total Short-Term Investments (Cost $11,789,395) | 11,789,395 | |
Total Investments in Securities (Cost $6,170,747,433) | 5,824,503,101 |
NUMBER OF CONTRACTS | NOTIONAL AMOUNT ($) | CURRENT VALUE/ UNREALIZED APPRECIATION ($) | |
FUTURES CONTRACTS | |||
Long | |||
Dow Jones U.S. Real Estate Index, expires 09/15/23 | 197 | 6,473,420 | 56,963 |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $10,231,156. |
(b) | The rate shown is the annualized 7-day yield. |
(c) | Security purchased with cash collateral received for securities on loan. |
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 |
Asset | ||||
Common Stocks1 | $5,812,713,706 | $— | $— | $5,812,713,706 |
Short-Term Investments1 | 11,789,395 | — | — | 11,789,395 |
Futures Contracts2 | 56,963 | — | — | 56,963 |
Total | $5,824,560,064 | $— | $— | $5,824,560,064 |
1 | As categorized in the Portfolio Holdings. |
2 | Futures contracts are reported at cumulative unrealized appreciation or depreciation. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $6,170,747,433) including securities on loan of $10,231,156 | $5,824,503,101 | |
Deposit with broker for futures contracts | 801,350 | |
Receivables: | ||
Fund shares sold | 8,660,986 | |
Dividends | 4,847,808 | |
Income from securities on loan | + | 24,025 |
Total assets | 5,838,837,270 | |
Liabilities | ||
Collateral held for securities on loan | 10,293,700 | |
Payables: | ||
Investments bought | 8,619,847 | |
Management fees | 344,312 | |
Variation margin on futures contracts | + | 38,657 |
Total liabilities | 19,296,516 | |
Net assets | $5,819,540,754 | |
Net Assets by Source | ||
Capital received from investors | $7,056,367,318 | |
Total distributable loss | + | (1,236,826,564 ) |
Net assets | $5,819,540,754 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$5,819,540,754 | 302,600,000 | $19.23 | ||
For the period March 1, 2023 through August 31, 2023; unaudited | ||
Investment Income | ||
Dividends received from securities - unaffiliated | $97,016,698 | |
Securities on loan, net | + | 120,626 |
Total investment income | 97,137,324 | |
Expenses | ||
Management fees | 2,016,095 | |
Total expenses | – | 2,016,095 |
Net investment income | 95,121,229 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (44,106,419 ) | |
Net realized gains on sales of in-kind redemptions - unaffiliated | 68,313,893 | |
Net realized losses on futures contracts | + | (1,104,143 ) |
Net realized gains | 23,103,331 | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | (240,795,483 ) | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | 458,850 |
Net change in unrealized appreciation (depreciation) | + | (240,336,633 ) |
Net realized and unrealized losses | (217,233,302 ) | |
Decrease in net assets resulting from operations | ($122,112,073 ) |
OPERATIONS | |||
3/1/23-8/31/23 | 3/1/22-2/28/23 | ||
Net investment income | $95,121,229 | $170,738,808 | |
Net realized gains | 23,103,331 | 167,043,543 | |
Net change in unrealized appreciation (depreciation) | + | (240,336,633 ) | (1,108,350,266 ) |
Decrease in net assets from operations | ($122,112,073 ) | ($770,567,915 ) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($89,959,495 ) | ($139,086,455 ) |
TRANSACTIONS IN FUND SHARES1 | |||||
3/1/23-8/31/23 | 3/1/22-2/28/23 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 31,950,000 | $615,664,248 | 42,700,000 | $901,472,496 | |
Shares redeemed | + | (18,900,000 ) | (363,867,540 ) | (38,550,000 ) | (860,477,105 ) |
Net transactions in fund shares | 13,050,000 | $251,796,708 | 4,150,000 | $40,995,391 | |
SHARES OUTSTANDING AND NET ASSETS1 | |||||
3/1/23-8/31/23 | 3/1/22-2/28/23 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 289,550,000 | $5,779,815,614 | 285,400,000 | $6,648,474,593 | |
Total increase (decrease) | + | 13,050,000 | 39,725,140 | 4,150,000 | (868,658,979 ) |
End of period | 302,600,000 | $5,819,540,754 | 289,550,000 | $5,779,815,614 |
1 | For the period ended February 28, 2023, transactions in fund shares have been retroactively adjusted to reflect a 2-for-1 share split effective after market close on March 10, 2022. The retroactive adjustment of the share split does not change the transaction in fund share values (see financial note 12 for additional information). |
SCHWAB STRATEGIC TRUST (ORGANIZED JANUARY 27, 2009) | |
Schwab U.S. REIT ETF | Schwab Short-Term U.S. Treasury ETF |
Schwab U.S. Broad Market ETF | Schwab Intermediate-Term U.S. Treasury ETF |
Schwab 1000 Index® ETF | Schwab Long-Term U.S. Treasury ETF |
Schwab U.S. Large-Cap ETF | Schwab U.S. Aggregate Bond ETF |
Schwab U.S. Large-Cap Growth ETF | Schwab 1-5 Year Corporate Bond ETF |
Schwab U.S. Large-Cap Value ETF | Schwab 5-10 Year Corporate Bond ETF |
Schwab U.S. Mid-Cap ETF | Schwab Fundamental U.S. Broad Market Index ETF |
Schwab U.S. Small-Cap ETF | Schwab Fundamental U.S. Large Company Index ETF |
Schwab U.S. Dividend Equity ETF | Schwab Fundamental U.S. Small Company Index ETF |
Schwab International Dividend Equity ETF | Schwab Fundamental International Large Company Index ETF |
Schwab International Equity ETF | Schwab Fundamental International Small Company Index ETF |
Schwab International Small-Cap Equity ETF | Schwab Fundamental Emerging Markets Large Company Index ETF |
Schwab Emerging Markets Equity ETF | Schwab Ariel ESG ETF |
Schwab U.S. TIPS ETF | Schwab Crypto Thematic ETF |
Schwab Municipal Bond ETF | Schwab High Yield Bond ETF |
2. Significant Accounting Policies:
3. Risk Factors:
4. Affiliates and Affiliated Transactions:
Schwab MarketTrack All Equity Portfolio | 0.7 % |
Schwab MarketTrack Balanced Portfolio | 0.3 % |
Schwab MarketTrack Conservative Portfolio | 0.1 % |
Schwab MarketTrack Growth Portfolio | 0.6 % |
Schwab Target 2010 Index Fund | 0.0 %* |
Schwab Target 2015 Index Fund | 0.0 %* |
Schwab Target 2020 Index Fund | 0.1 % |
Schwab Target 2025 Index Fund | 0.3 % |
Schwab Target 2030 Index Fund | 0.7 % |
Schwab Target 2035 Index Fund | 0.5 % |
Schwab Target 2040 Index Fund | 0.7 % |
Schwab Target 2045 Index Fund | 0.5 % |
Schwab Target 2050 Index Fund | 0.7 % |
Schwab Target 2055 Index Fund | 0.4 % |
Schwab Target 2060 Index Fund | 0.5 % |
Schwab Target 2065 Index Fund | 0.1 % |
Schwab VIT Balanced Portfolio | 0.0 %* |
Schwab VIT Balanced with Growth Portfolio | 0.1 % |
Schwab VIT Growth Portfolio | 0.2 % |
* | 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 |
$201,256,086 | $165,216,035 |
10. In-Kind Transactions:
IN-KIND PURCHASES OF SECURITIES | IN-KIND SALES OF SECURITIES |
$579,837,424 | $329,991,122 |
11. Federal Income Taxes:
TAX COST | GROSS UNREALIZED APPRECIATION | GROSS UNREALIZED DEPRECIATION | NET UNREALIZED APPRECIATION (DEPRECIATION) | |
$6,281,264,950 | $363,369,310 | ($820,074,196 ) | ($456,704,886 ) | |
PRIOR FISCAL YEAR END DISTRIBUTIONS | |
ORDINARY INCOME | |
$139,086,455 |
12. Share Splits:
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 |
Michael J. Beer 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 2022) | Retired. Director, President and Chief Executive Officer (Dec. 2016 – Sept. 2019), Principal Funds (investment management). | 106 | Director (2016 – 2019), Principal Funds, Inc. |
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. | 106 | None |
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) | Retired. | 106 | None |
David L. Mahoney 1954 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016) | Private Investor. | 106 | Director (2004 – present), Corcept Therapeutics Incorporated Director (2009 – 2021), Adamas Pharmaceuticals, Inc. Director (2003 – 2019), Symantec Corporation |
Jane P. Moncreiff 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 2019) | Consultant (2018 – present), Fulham Advisers LLC (management consulting); Chief Investment Officer (2009 – 2017), CareGroup Healthcare System, Inc. (healthcare). | 106 | 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 |
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 (2008 – present), Patmore Management Consulting (management consulting). | 106 | None |
J. Derek Penn 1957 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2021) | Head of Equity Sales and Trading (2006 – 2018), BNY Mellon (financial services). | 106 | None |
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) | Co-Chairman of the Board (July 2022 – present), Director and Chief Executive Officer (Oct. 2008 – present) and President (Feb. 2007 – Oct. 2021), The Charles Schwab Corporation; President and Chief Executive Officer (Oct. 2008 – Oct. 2021) and Director (May 2008 – Oct. 2021), Charles Schwab & Co., Inc.; Director (Apr. 2006 – present), Charles Schwab Bank, SSB; Director (Nov. 2017 – present), Charles Schwab Premier Bank, SSB; Director (July 2019 – present), Charles Schwab Trust Bank; Director (May 2008 – present), Chief Executive Officer (Aug. 2017 – present) and President (Aug. 2017 – Nov. 2021), Schwab Holdings, Inc.; Director (Oct. 2020 – present), TD Ameritrade Holding Corporation; Director (July 2016 – Oct. 2021), Charles Schwab Investment Management, Inc. | 106 | Director (2008 – present), The Charles Schwab Corporation |
Richard A. Wurster2 1973 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2022) | President (Oct. 2021 – present) and Executive Vice President – Schwab Asset Management Solutions (Apr. 2019 – Oct. 2021), The Charles Schwab Corporation; President, Director (Oct. 2021 – present), Executive Vice President – Schwab Asset Management Solutions (July 2019 – Oct. 2021) and Senior Vice President – Advisory (May 2016 – July 2019), Charles Schwab & Co., Inc.; President (Nov. 2021 – present), Schwab Holdings, Inc.; Director (Oct. 2021 – present) and Chief Executive Officer (Nov. 2019 – Jan. 2022), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Mar. 2018 – Oct. 2022), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (July 2016 – Apr. 2018) and President (Mar. 2017 – Apr. 2018), ThomasPartners, Inc.; Chief Executive Officer (July 2016 – Apr. 2018), Windhaven Investment Management, Inc. | 106 | 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 |
Omar Aguilar 1970 Chief Executive Officer and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Chief Executive Officer (Jan. 2022 – present), Chief Investment Officer (Apr. 2011 – present) and Senior Vice President (Apr. 2011 – Dec. 2021), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Oct. 2022 – present), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (Sept. 2023 – present), Chief Investment Officer (June 2011 – present) and Vice President (June 2011 – Sept. 2023), Schwab Funds, Laudus Trust and Schwab ETFs. |
Jonathan de St. Paer 1973 President (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018) | Director (Apr. 2019 – present), President (Oct. 2018 – present), Chief Operating Officer (Jan. 2021 – present), and Chief Executive Officer (Apr. 2019 – Nov. 2019), Charles Schwab Investment Management, Inc.; Senior Vice President (June 2020 – Mar. 2022) and Chief Operating Officer (Jan. 2021 – Mar. 2022), Charles Schwab Investment Advisory, Inc.; President (Nov. 2018 – present), Chief Executive Officer (Apr. 2019 – Sept. 2023) and Trustee (Apr. 2019 – Dec. 2020), Schwab Funds, Laudus Trust and Schwab ETFs; Managing Director (May 2022 – present), Senior Vice President (Apr. 2019 – May 2022) and Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), Charles Schwab & Co., Inc. |
Mark Fischer 1970 Chief Operating 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) | Chief Operating Officer (Dec. 2020 – present) and Treasurer and Chief Financial Officer (Jan. 2016 – Dec. 2022), Schwab Funds, Laudus Trust and Schwab ETFs; Managing Director (Mar. 2023 – present), Chief Financial Officer (Mar. 2020 – present) and Vice President (Oct. 2013 – Mar. 2023), Charles Schwab Investment Management, Inc. |
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 |
Dana Smith 1965 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 2023) | Treasurer and Chief Financial Officer (Jan. 2023 – present) and Assistant Treasurer (Dec. 2015 – Dec. 2022), Schwab Funds, Laudus Trust and Schwab ETFs; Managing Director (Mar. 2023 – present), Vice President (Mar. 2022 – Mar. 2023) and Director (Oct. 2015 – Mar. 2022), Charles Schwab Investment Management, Inc. |
Brett Wander 1961 Vice President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Managing Director (Mar. 2023 – present), Chief Investment Officer (Apr. 2011 – present) and Senior Vice President (Apr. 2011 – Mar. 2023) Charles Schwab Investment Management, Inc.; Vice President and Chief Investment Officer (June 2011 – present), Schwab Funds, Laudus Trust and Schwab ETFs. |
William P. McMahon, Jr. 1972 Vice President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2021) | Managing Director (Mar. 2023 – present), Chief Investment Officer (Jan. 2020 – present) and Senior Vice President (Jan. 2020 – Mar. 2023) Charles Schwab Investment Management, Inc.; Vice President and Chief Investment Officer (June 2021 – present), Schwab Funds, Laudus Trust and Schwab ETFs; Senior Vice President and Chief Investment Officer – ThomasPartners Strategies (Apr. 2018 – Dec. 2019), Charles Schwab Investment Advisory, Inc.; Senior Vice President and Chief Investment Officer (May 2001 – Apr. 2018), ThomasPartners, Inc. |
Catherine MacGregor 1964 Chief Legal Officer and Secretary, Schwab Funds and Schwab ETFs Chief Legal Officer, Vice President and Clerk, Laudus Trust (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) | Managing Director (Mar. 2023 – present), Chief Legal Officer (Mar. 2022 – present) and Vice President (Sept. 2005 – Mar. 2023), Charles Schwab Investment Management, Inc.; Managing Director (May 2022 – present) and Vice President (July 2005 – May 2022), Charles Schwab & Co., Inc.; Vice President (Dec. 2005 – present) and Chief Legal Officer and Clerk (Mar. 2007 – present), Laudus Trust; Chief Legal Officer and Secretary (Oct. 2021 – present), Vice President (Nov. 2005 – Oct. 2021) and Assistant Secretary (June 2007 – Oct. 2021), Schwab Funds; Chief Legal Officer and Secretary (Oct. 2021 – present), Vice President and Assistant Secretary (Oct. 2009 – Oct. 2021), Schwab ETFs. |
Schwab ETFs
Index ETF
Printed on recycled paper.
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 |
FUNDAMENTAL INDEX is a registered trademark of Research Affiliates LLC.
2 | |
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17 | |
36 | |
48 | |
62 | |
76 | |
96 | |
105 | |
117 | |
120 | |
124 |
Total Returns for the 6 Months Ended August 31, 2023 | |
Schwab Fundamental U.S. Broad Market Index ETF (Ticker Symbol: FNDB) | |
Market Price Return1 | 6.84% |
NAV Return1 | 6.86% |
Russell RAFITM US Index | 6.97% |
Russell 3000® Index | 13.05% |
ETF Category: Morningstar Large Value2 | 3.90% |
Performance Details | pages 4-5 |
Schwab Fundamental U.S. Large Company Index ETF (Ticker Symbol: FNDX) | |
Market Price Return1 | 7.41% |
NAV Return1 | 7.35% |
Russell RAFITM US Large Company Index | 7.47% |
Russell 1000® Index | 13.84% |
ETF Category: Morningstar Large Value2 | 3.90% |
Performance Details | pages 6-7 |
Schwab Fundamental U.S. Small Company Index ETF (Ticker Symbol: FNDA) | |
Market Price Return1 | 1.01% |
NAV Return1 | 0.99% |
Russell RAFITM US Small Company Index | 1.09% |
Russell 2000® Index | 0.99% |
ETF Category: Morningstar Small Blend2 | 0.88% |
Performance Details | pages 8-9 |
Total Returns for the 6 Months Ended August 31, 2023 | |
Schwab Fundamental International Large Company Index ETF (Ticker Symbol: FNDF) | |
Market Price Return1 | 6.03% |
NAV Return1 | 5.76% |
Russell RAFITM Developed ex US Large Company Index (Net)* | 5.68% |
MSCI EAFE® Index (Net)* | 4.75% |
ETF Category: Morningstar Foreign Large Value2 | 4.71% |
Performance Details | pages 10-11 |
Schwab Fundamental International Small Company Index ETF (Ticker Symbol: FNDC) | |
Market Price Return1 | 3.76% |
NAV Return1 | 3.51% |
Russell RAFITM Developed ex US Small Company Index (Net)* | 3.57% |
S&P Developed ex-U.S. Small Cap Index (Net)* | 1.34% |
ETF Category: Morningstar Foreign Small/Mid Value2 | 3.71% |
Performance Details | pages 12-13 |
Schwab Fundamental Emerging Markets Large Company Index ETF (Ticker Symbol: FNDE) | |
Market Price Return1 | 6.27% |
NAV Return1 | 5.95% |
Russell RAFITM Emerging Markets Large Company Index (Net)* | 6.38% |
MSCI Emerging Markets Index (Net)* | 3.62% |
ETF Category: Morningstar Diversified Emerging Markets2 | 4.51% |
Performance Details | pages 14-15 |
Christopher Bliss, CFA, Managing Director and Head of Passive Equity Strategies for Schwab Asset Management, is responsible for overseeing the investment process and portfolio management of investment strategies for passive equity Schwab Funds and Schwab ETFs, and Schwab Personalized Indexing™ separately managed accounts. Before joining Schwab 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 the head of the Americas institutional index team. In this role, Mr. Bliss was responsible for overseeing a team of portfolio managers managing domestic, developed international and emerging markets index strategies. 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. |
Jeremy Brown, CFA, Senior Portfolio Manager for Schwab Asset Management, 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 Schwab in 2017, Mr. Brown spent six years with ALPS Advisors, Inc. in Denver, most recently as a senior analyst on the ETF portfolio management and research team where he performed portfolio management, trading, and analytics/research functions for ALPS ETFs and passive funds. Additionally, Mr. Brown led a number of investment research, commentary, industry trend analysis, and sales and marketing support initiatives. |
Ferian Juwono, CFA, Senior Portfolio Manager for Schwab Asset Management, is responsible for the oversight and 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 Schwab 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 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. |
David Rios, Portfolio Manager for Schwab Asset Management, 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 this role, Mr. Rios was an associate portfolio manager on the equity index strategies team for four years. His first role with Schwab Asset Management was as a trade operations specialist. Prior to joining Schwab in 2008, Mr. Rios was a senior fund accountant at Investors Bank & Trust (subsequently acquired by State Street Corporation). |
Agnes Zau, CFA, Portfolio Manager for Schwab Asset Management, 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 Schwab in 2018, Ms. Zau was at BlackRock for three years, most recently as a multi-asset portfolio investment consultant where she advised institutional clients on asset allocation and strategy, constructed risk decomposition and portfolio optimization, and conducted scenario analyses for the core multi-asset target risk strategies. She spent the preceding three years as a derivatives specialist at Mellon Capital. |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | 10 Years |
Fund: Schwab Fundamental U.S. Broad Market Index ETF (8/15/13) | ||||
Market Price Return2 | 6.84% | 12.03% | 10.18% | 11.38% |
NAV Return2 | 6.86% | 12.16% | 10.16% | 11.37% |
Russell RAFITM US Index | 6.97% | 12.42% | 10.41% | 11.66% |
Russell 3000® Index | 13.05% | 14.76% | 10.25% | 12.23% |
ETF Category: Morningstar Large Value3 | 3.90% | 8.86% | 7.23% | 9.07% |
Fund Expense Ratio4: 0.25% |
Number of Holdings | 1,714 |
Weighted Average Market Cap (millions) | $379,297 |
Price/Earnings Ratio (P/E) | 15.7 |
Price/Book Ratio (P/B) | 2.3 |
Portfolio Turnover Rate | 6% 2,3 |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | 10 Years |
Fund: Schwab Fundamental U.S. Large Company Index ETF (8/15/13) | ||||
Market Price Return2 | 7.41% | 12.30% | 10.51% | 11.49% |
NAV Return2 | 7.35% | 12.39% | 10.50% | 11.52% |
Russell RAFITM US Large Company Index | 7.47% | 12.66% | 10.76% | 11.81% |
Russell 1000® Index | 13.84% | 15.40% | 10.77% | 12.55% |
ETF Category: Morningstar Large Value3 | 3.90% | 8.86% | 7.23% | 9.07% |
Fund Expense Ratio4: 0.25% |
Number of Holdings | 727 |
Weighted Average Market Cap (millions) | $408,640 |
Price/Earnings Ratio (P/E) | 15.8 |
Price/Book Ratio (P/B) | 2.4 |
Portfolio Turnover Rate | 5% 2,3 |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | 10 Years |
Fund: Schwab Fundamental U.S. Small Company Index ETF (8/15/13) | ||||
Market Price Return2 | 1.01% | 8.98% | 5.78% | 9.35% |
NAV Return2 | 0.99% | 9.11% | 5.78% | 9.35% |
Russell RAFITM US Small Company Index | 1.09% | 9.31% | 5.96% | 9.58% |
Russell 2000® Index | 0.99% | 4.65% | 3.14% | 7.96% |
ETF Category: Morningstar Small Blend3 | 0.88% | 7.55% | 4.33% | 8.05% |
Fund Expense Ratio4: 0.25% |
Number of Holdings | 987 |
Weighted Average Market Cap (millions) | $5,151 |
Price/Earnings Ratio (P/E) | 14.0 |
Price/Book Ratio (P/B) | 1.6 |
Portfolio Turnover Rate | 13% 2,3 |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | 10 Years |
Fund: Schwab Fundamental International Large Company Index ETF (8/15/13) | ||||
Market Price Return2 | 6.03% | 20.01% | 5.33% | 5.63% |
NAV Return2 | 5.76% | 19.38% | 5.32% | 5.70% |
Russell RAFITM Developed ex US Large Company Index (Net)3 | 5.68% | 19.38% | 5.34% | 5.80% |
MSCI EAFE® Index (Net)3 | 4.75% | 17.92% | 4.14% | 4.93% |
ETF Category: Morningstar Foreign Large Value4 | 4.71% | 18.50% | 3.68% | 4.02% |
Fund Expense Ratio5: 0.25% |
Number of Holdings | 926 |
Weighted Average Market Cap (millions) | $65,747 |
Price/Earnings Ratio (P/E) | 9.7 |
Price/Book Ratio (P/B) | 1.1 |
Portfolio Turnover Rate | 6% 2,3 |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | 10 Years |
Fund: Schwab Fundamental International Small Company Index ETF (8/15/13) | ||||
Market Price Return2 | 3.76% | 13.02% | 2.01% | 5.40% |
NAV Return2 | 3.51% | 12.40% | 2.01% | 5.47% |
Russell RAFITM Developed ex US Small Company Index (Net)3 | 3.57% | 12.61% | 2.23% | 5.81% |
S&P Developed ex-U.S. Small Cap Index (Net)3 | 1.34% | 10.07% | 1.43% | 5.26% |
ETF Category: Morningstar Foreign Small/Mid Value4 | 3.71% | 15.35% | 3.35% | 5.14% |
Fund Expense Ratio5: 0.39% |
Number of Holdings | 1,747 |
Weighted Average Market Cap (millions) | $3,590 |
Price/Earnings Ratio (P/E) | 11.9 |
Price/Book Ratio (P/B) | 1.0 |
Portfolio Turnover Rate | 13% 2,3 |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | 10 Years |
Fund: Schwab Fundamental Emerging Markets Large Company Index ETF (8/15/13) | ||||
Market Price Return2 | 6.27% | 8.52% | 2.78% | 3.59% |
NAV Return2 | 5.95% | 7.66% | 2.78% | 3.58% |
Russell RAFITM Emerging Markets Large Company Index (Net)3 | 6.38% | 8.54% | 3.07% | 4.02% |
MSCI Emerging Markets Index (Net)3 | 3.62% | 1.25% | 0.98% | 2.99% |
ETF Category: Morningstar Diversified Emerging Markets4 | 4.51% | 4.91% | 1.75% | 3.01% |
Fund Expense Ratio5: 0.39% |
Number of Holdings | 363 |
Weighted Average Market Cap (millions) | $80,189 |
Price/Earnings Ratio (P/E) | 7.7 |
Price/Book Ratio (P/B) | 1.1 |
Portfolio Turnover Rate | 9% 2,3 |
EXPENSE RATIO (ANNUALIZED) 1 | BEGINNING ACCOUNT VALUE AT 3/1/23 | ENDING ACCOUNT VALUE (NET OF EXPENSES) AT 8/31/23 | EXPENSES PAID DURING PERIOD 3/1/23-8/31/23 2 | |
Schwab Fundamental U.S. Broad Market Index ETF | ||||
Actual Return | 0.25% | $1,000.00 | $1,068.60 | $1.30 |
Hypothetical 5% Return | 0.25% | $1,000.00 | $1,023.88 | $1.27 |
Schwab Fundamental U.S. Large Company Index ETF | ||||
Actual Return | 0.25% | $1,000.00 | $1,073.50 | $1.30 |
Hypothetical 5% Return | 0.25% | $1,000.00 | $1,023.88 | $1.27 |
Schwab Fundamental U.S. Small Company Index ETF | ||||
Actual Return | 0.25% | $1,000.00 | $1,009.90 | $1.26 |
Hypothetical 5% Return | 0.25% | $1,000.00 | $1,023.88 | $1.27 |
Schwab Fundamental International Large Company Index ETF | ||||
Actual Return | 0.25% | $1,000.00 | $1,057.60 | $1.29 |
Hypothetical 5% Return | 0.25% | $1,000.00 | $1,023.88 | $1.27 |
Schwab Fundamental International Small Company Index ETF | ||||
Actual Return | 0.39% | $1,000.00 | $1,035.10 | $2.00 |
Hypothetical 5% Return | 0.39% | $1,000.00 | $1,023.18 | $1.98 |
Schwab Fundamental Emerging Markets Large Company Index ETF | ||||
Actual Return | 0.39% | $1,000.00 | $1,059.50 | $2.02 |
Hypothetical 5% Return | 0.39% | $1,000.00 | $1,023.18 | $1.98 |
1 | Based on the most recent six-month expense ratio. |
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 in the period, and divided by 366 days in the fiscal year. |
3/1/23– 8/31/23* | 3/1/22– 2/28/23 | 3/1/21– 2/28/22 | 3/1/20– 2/28/21 | 3/1/19– 2/29/20 | 3/1/18– 2/28/19 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $54.33 | $56.34 | $48.26 | $37.17 | $37.60 | $36.95 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.58 | 1.08 | 0.98 | 0.92 | 0.94 | 0.84 |
Net realized and unrealized gains (losses) | 3.11 | (2.05 ) | 8.04 | 11.13 | (0.43 ) | 0.62 |
Total from investment operations | 3.69 | (0.97 ) | 9.02 | 12.05 | 0.51 | 1.46 |
Less distributions: | ||||||
Distributions from net investment income | (0.52 ) | (1.04 ) | (0.94 ) | (0.96 ) | (0.94 ) | (0.81 ) |
Net asset value at end of period | $57.50 | $54.33 | $56.34 | $48.26 | $37.17 | $37.60 |
Total return | 6.86 %2 | (1.63 %) | 18.80 % | 33.35 % | 1.25 % | 3.98 % |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.25 %3 | 0.25 %4 | 0.25 % | 0.25 % | 0.25 % | 0.25 % |
Net investment income (loss) | 2.09 %3 | 2.02 % | 1.79 % | 2.36 % | 2.38 % | 2.26 % |
Portfolio turnover rate5 | 6 %2 | 12 % | 13 % | 14 % | 13 % | 11 % |
Net assets, end of period (x 1,000) | $540,473 | $486,280 | $425,341 | $284,726 | $262,018 | $276,382 |
* | Unaudited. |
1 | Calculated based on the average shares outstanding during the period. |
2 | Not annualized. |
3 | Annualized. |
4 | Ratio includes less than 0.005% of non-routine proxy expenses. |
5 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY | NUMBER OF SHARES | VALUE ($) |
COMMON STOCKS 99.7% OF NET ASSETS | ||
Automobiles & Components 1.5% | ||
Adient plc * | 3,223 | 126,245 |
American Axle & Manufacturing Holdings, Inc. * | 7,262 | 54,828 |
Aptiv plc * | 4,026 | 408,438 |
Autoliv, Inc. | 2,330 | 227,408 |
BorgWarner, Inc. | 7,702 | 313,857 |
Cooper-Standard Holdings, Inc. * | 5,302 | 79,212 |
Dana, Inc. | 8,031 | 129,379 |
Dorman Products, Inc. * | 416 | 34,324 |
Ford Motor Co. | 147,988 | 1,795,094 |
Fox Factory Holding Corp. * | 257 | 28,478 |
General Motors Co. | 77,150 | 2,585,297 |
Gentex Corp. | 6,062 | 197,985 |
Gentherm, Inc. * | 581 | 34,982 |
Harley-Davidson, Inc. | 3,477 | 117,349 |
LCI Industries | 620 | 77,674 |
Lear Corp. | 2,955 | 425,786 |
Modine Manufacturing Co. * | 1,495 | 71,147 |
Patrick Industries, Inc. | 688 | 57,544 |
Phinia, Inc. * | 1,527 | 42,451 |
Standard Motor Products, Inc. | 879 | 32,549 |
Stoneridge, Inc. * | 981 | 20,160 |
Tesla, Inc. * | 2,302 | 594,100 |
The Goodyear Tire & Rubber Co. * | 23,573 | 304,327 |
Thor Industries, Inc. | 2,058 | 215,720 |
Visteon Corp. * | 735 | 102,363 |
Winnebago Industries, Inc. | 880 | 57,068 |
8,133,765 | ||
Banks 6.3% | ||
1st Source Corp. | 273 | 12,200 |
Ameris Bancorp | 710 | 28,932 |
Associated Banc-Corp. | 3,356 | 58,159 |
Axos Financial, Inc. * | 672 | 28,956 |
BancFirst Corp. | 79 | 7,551 |
Bank of America Corp. | 171,389 | 4,913,723 |
Bank of Hawaii Corp. | 771 | 41,434 |
Bank OZK | 1,708 | 68,610 |
BankUnited, Inc. | 2,690 | 70,612 |
Banner Corp. | 587 | 25,564 |
BOK Financial Corp. | 418 | 34,740 |
Brookline Bancorp, Inc. | 1,433 | 13,714 |
Cadence Bank | 2,259 | 51,686 |
Capitol Federal Financial, Inc. | 3,410 | 19,335 |
Cathay General Bancorp | 1,218 | 43,397 |
Central Pacific Financial Corp. | 863 | 14,645 |
Citigroup, Inc. | 113,230 | 4,675,267 |
Citizens Financial Group, Inc. | 13,195 | 371,175 |
City Holding Co. | 180 | 16,445 |
Columbia Banking System, Inc. | 3,138 | 64,266 |
Comerica, Inc. | 4,583 | 220,488 |
Commerce Bancshares, Inc. | 1,080 | 53,017 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Community Bank System, Inc. | 605 | 28,768 |
ConnectOne Bancorp, Inc. | 346 | 6,616 |
Credicorp Ltd. | 1,633 | 230,955 |
Cullen/Frost Bankers, Inc. | 577 | 54,544 |
Customers Bancorp, Inc. * | 575 | 20,205 |
CVB Financial Corp. | 1,673 | 29,211 |
Eagle Bancorp, Inc. | 707 | 17,010 |
East West Bancorp, Inc. | 1,727 | 95,572 |
Eastern Bankshares, Inc. | 1,077 | 14,496 |
Enterprise Financial Services Corp. | 309 | 11,961 |
F.N.B. Corp. | 6,037 | 70,210 |
Fifth Third Bancorp | 16,252 | 431,491 |
First BanCorp | 2,185 | 30,284 |
First Bancorp/Southern Pines NC | 329 | 9,752 |
First Busey Corp. | 886 | 17,897 |
First Citizens BancShares, Inc., Class A | 77 | 104,751 |
First Commonwealth Financial Corp. | 1,413 | 18,468 |
First Financial Bancorp | 1,583 | 32,895 |
First Financial Bankshares, Inc. | 770 | 22,114 |
First Hawaiian, Inc. | 2,951 | 55,803 |
First Horizon Corp. | 6,341 | 79,580 |
First Interstate BancSystem, Inc., Class A | 1,060 | 27,465 |
First Merchants Corp. | 758 | 22,619 |
Fulton Financial Corp. | 2,876 | 38,337 |
Glacier Bancorp, Inc. | 1,040 | 31,418 |
Hancock Whitney Corp. | 1,358 | 56,017 |
Hanmi Financial Corp. | 675 | 11,691 |
Heartland Financial USA, Inc. | 571 | 17,495 |
Heritage Financial Corp. | 502 | 8,644 |
Hilltop Holdings, Inc. | 1,494 | 45,403 |
HomeStreet, Inc. | 1,089 | 10,291 |
Hope Bancorp, Inc. | 3,245 | 31,379 |
Huntington Bancshares, Inc. | 22,052 | 244,557 |
Independent Bank Corp. | 380 | 20,528 |
Independent Bank Group, Inc. | 443 | 18,695 |
International Bancshares Corp. | 763 | 34,167 |
JPMorgan Chase & Co. | 66,652 | 9,753,187 |
Kearny Financial Corp. | 1,571 | 11,641 |
KeyCorp | 25,326 | 286,944 |
Lakeland Bancorp, Inc. | 399 | 5,390 |
Lakeland Financial Corp. | 221 | 11,521 |
M&T Bank Corp. | 3,509 | 438,800 |
NBT Bancorp, Inc. | 618 | 21,272 |
New York Community Bancorp, Inc. | 14,459 | 177,556 |
Northwest Bancshares, Inc. | 2,087 | 22,957 |
OceanFirst Financial Corp. | 794 | 13,395 |
OFG Bancorp | 772 | 23,284 |
Old National Bancorp | 3,905 | 59,590 |
Pacific Premier Bancorp, Inc. | 1,081 | 24,885 |
PacWest Bancorp | 5,112 | 40,640 |
Park National Corp. | 190 | 19,334 |
Pathward Financial, Inc. | 400 | 19,708 |
Pinnacle Financial Partners, Inc. | 756 | 50,319 |
Popular, Inc. | 1,993 | 136,082 |
Premier Financial Corp. | 358 | 6,745 |
Prosperity Bancshares, Inc. | 1,048 | 59,537 |
Provident Financial Services, Inc. | 1,242 | 20,468 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Regions Financial Corp. | 16,285 | 298,667 |
Renasant Corp. | 860 | 23,951 |
S&T Bancorp, Inc. | 633 | 17,933 |
Sandy Spring Bancorp, Inc. | 754 | 16,769 |
Simmons First National Corp., Class A | 2,220 | 39,560 |
Southside Bancshares, Inc. | 487 | 14,659 |
SouthState Corp. | 642 | 46,417 |
Synovus Financial Corp. | 2,715 | 84,056 |
Texas Capital Bancshares, Inc. * | 716 | 44,707 |
The Bank of N.T. Butterfield & Son Ltd. | 979 | 28,508 |
The PNC Financial Services Group, Inc. | 8,643 | 1,043,469 |
Tompkins Financial Corp. | 217 | 11,269 |
Towne Bank | 948 | 22,373 |
TriCo Bancshares | 302 | 10,371 |
Truist Financial Corp. | 21,776 | 665,257 |
Trustmark Corp. | 1,271 | 29,284 |
U.S. Bancorp | 37,024 | 1,352,487 |
UMB Financial Corp. | 585 | 36,978 |
United Bankshares, Inc. | 1,644 | 49,452 |
United Community Banks, Inc. | 1,025 | 27,675 |
Valley National Bancorp | 6,148 | 56,439 |
Veritex Holdings, Inc. | 424 | 7,975 |
Washington Federal, Inc. | 1,728 | 46,967 |
Washington Trust Bancorp, Inc. | 345 | 9,660 |
Webster Financial Corp. | 1,431 | 60,689 |
Wells Fargo & Co. | 133,564 | 5,514,858 |
WesBanco, Inc. | 1,038 | 26,324 |
Westamerica BanCorp | 285 | 12,549 |
Western Alliance Bancorp | 1,019 | 50,960 |
Wintrust Financial Corp. | 773 | 59,993 |
WSFS Financial Corp. | 572 | 22,480 |
Zions Bancorp NA | 5,129 | 182,079 |
33,953,275 | ||
Capital Goods 7.5% | ||
3M Co. | 14,712 | 1,569,329 |
A.O. Smith Corp. | 2,054 | 148,915 |
AAON, Inc. | 406 | 25,602 |
AAR Corp. * | 992 | 61,107 |
Acuity Brands, Inc. | 877 | 141,443 |
Advanced Drainage Systems, Inc. | 331 | 42,421 |
AECOM | 2,733 | 239,821 |
AerCap Holdings N.V. * | 2,451 | 150,786 |
AGCO Corp. | 1,482 | 191,963 |
Air Lease Corp. | 2,485 | 101,289 |
Alamo Group, Inc. | 166 | 28,494 |
Albany International Corp., Class A | 409 | 37,922 |
Allegion plc | 1,022 | 116,314 |
Allison Transmission Holdings, Inc. | 4,048 | 244,702 |
American Woodmark Corp. * | 838 | 65,087 |
AMETEK, Inc. | 1,697 | 270,688 |
API Group Corp. * | 2,181 | 61,395 |
Apogee Enterprises, Inc. | 907 | 45,767 |
Applied Industrial Technologies, Inc. | 552 | 85,212 |
Arcosa, Inc. | 1,035 | 80,958 |
Argan, Inc. | 438 | 18,606 |
Armstrong World Industries, Inc. | 795 | 60,889 |
Astec Industries, Inc. | 868 | 47,584 |
Atkore, Inc. * | 384 | 59,124 |
AZZ, Inc. | 848 | 41,637 |
Barnes Group, Inc. | 1,537 | 60,404 |
Beacon Roofing Supply, Inc. * | 1,214 | 96,938 |
BlueLinx Holdings, Inc. * | 167 | 14,906 |
Boise Cascade Co. | 1,655 | 181,007 |
BWX Technologies, Inc. | 1,253 | 92,421 |
Carlisle Cos., Inc. | 750 | 197,265 |
Carrier Global Corp. | 13,142 | 755,008 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Caterpillar, Inc. | 7,701 | 2,164,982 |
Columbus McKinnon Corp. | 610 | 22,979 |
Comfort Systems USA, Inc. | 429 | 79,181 |
Construction Partners, Inc., Class A * | 466 | 16,194 |
Core & Main, Inc., Class A * | 813 | 26,699 |
Crane Co. | 710 | 64,695 |
CSW Industrials, Inc. | 122 | 21,915 |
Cummins, Inc. | 3,442 | 791,798 |
Curtiss-Wright Corp. | 610 | 126,874 |
Deere & Co. | 2,526 | 1,038,034 |
Donaldson Co., Inc. | 1,785 | 114,008 |
Douglas Dynamics, Inc. | 469 | 14,197 |
Dover Corp. | 1,891 | 280,435 |
Ducommun, Inc. * | 145 | 6,593 |
DXP Enterprises, Inc. * | 662 | 23,547 |
Dycom Industries, Inc. * | 784 | 78,345 |
Eaton Corp. plc | 6,068 | 1,397,885 |
EMCOR Group, Inc. | 1,233 | 276,500 |
Emerson Electric Co. | 9,727 | 955,678 |
Encore Wire Corp. | 331 | 54,552 |
Enerpac Tool Group Corp. | 617 | 16,165 |
EnerSys | 1,005 | 105,505 |
EnPro Industries, Inc. | 336 | 45,827 |
Esab Corp. | 701 | 50,591 |
ESCO Technologies, Inc. | 299 | 31,996 |
Fastenal Co. | 5,908 | 340,183 |
Federal Signal Corp. | 793 | 48,333 |
Flowserve Corp. | 2,911 | 115,188 |
Fluor Corp. * | 4,014 | 140,450 |
Fortive Corp. | 2,482 | 195,706 |
Fortune Brands Innovations, Inc. | 3,221 | 222,313 |
Franklin Electric Co., Inc. | 529 | 51,160 |
FTAI Aviation Ltd. | 669 | 24,726 |
Gates Industrial Corp. plc * | 2,738 | 33,623 |
GATX Corp. | 832 | 98,292 |
Generac Holdings, Inc. * | 580 | 68,910 |
General Dynamics Corp. | 4,573 | 1,036,425 |
General Electric Co. | 19,604 | 2,243,874 |
Gibraltar Industries, Inc. * | 657 | 49,295 |
GMS, Inc. * | 1,032 | 71,559 |
Graco, Inc. | 1,383 | 109,174 |
GrafTech International Ltd. | 11,342 | 40,151 |
Granite Construction, Inc. | 1,711 | 70,647 |
Great Lakes Dredge & Dock Corp. * | 2,403 | 21,219 |
Griffon Corp. | 882 | 36,929 |
H&E Equipment Services, Inc. | 990 | 44,867 |
HEICO Corp. | 445 | 75,076 |
Herc Holdings, Inc. | 481 | 62,597 |
Hexcel Corp. | 1,524 | 111,709 |
Hillenbrand, Inc. | 1,155 | 55,948 |
Hillman Solutions Corp. * | 1,259 | 11,394 |
Honeywell International, Inc. | 9,343 | 1,755,923 |
Howmet Aerospace, Inc. | 5,417 | 267,979 |
Hubbell, Inc. | 640 | 208,672 |
Huntington Ingalls Industries, Inc. | 1,033 | 227,591 |
IDEX Corp. | 608 | 137,651 |
Illinois Tool Works, Inc. | 3,678 | 909,753 |
Ingersoll Rand, Inc. | 1,899 | 132,189 |
ITT, Inc. | 1,271 | 129,998 |
JELD-WEN Holding, Inc. * | 6,151 | 92,757 |
John Bean Technologies Corp. | 393 | 43,195 |
Johnson Controls International plc | 11,359 | 670,863 |
Kadant, Inc. | 116 | 25,490 |
Kaman Corp. | 1,393 | 31,245 |
Kennametal, Inc. | 2,470 | 65,381 |
Kratos Defense & Security Solutions, Inc. * | 1,429 | 22,993 |
L3Harris Technologies, Inc. | 3,119 | 555,463 |
Lennox International, Inc. | 416 | 156,753 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Lincoln Electric Holdings, Inc. | 702 | 135,107 |
Lindsay Corp. | 105 | 13,031 |
Lockheed Martin Corp. | 3,352 | 1,502,869 |
Masco Corp. | 4,662 | 275,105 |
Masonite International Corp. * | 729 | 74,876 |
MasTec, Inc. * | 1,376 | 136,898 |
McGrath RentCorp | 343 | 34,677 |
MDU Resources Group, Inc. | 5,002 | 101,841 |
Mercury Systems, Inc. * | 458 | 17,977 |
Moog, Inc., Class A | 717 | 83,287 |
MRC Global, Inc. * | 3,925 | 36,581 |
MSC Industrial Direct Co., Inc., Class A | 1,255 | 128,085 |
Mueller Industries, Inc. | 1,240 | 95,678 |
Mueller Water Products, Inc., Class A | 2,864 | 40,440 |
MYR Group, Inc. * | 349 | 49,582 |
National Presto Industries, Inc. | 211 | 15,793 |
Nordson Corp. | 451 | 110,107 |
Northrop Grumman Corp. | 1,993 | 863,148 |
NOW, Inc. * | 5,249 | 58,631 |
nVent Electric plc | 2,542 | 143,725 |
Oshkosh Corp. | 2,337 | 242,651 |
Otis Worldwide Corp. | 2,925 | 250,234 |
Owens Corning | 2,580 | 371,288 |
PACCAR, Inc. | 9,418 | 775,007 |
Parker-Hannifin Corp. | 1,486 | 619,513 |
Parsons Corp. * | 541 | 30,848 |
Pentair plc | 3,060 | 214,996 |
PGT Innovations, Inc. * | 911 | 25,681 |
Primoris Services Corp. | 2,504 | 88,566 |
Proto Labs, Inc. * | 710 | 20,945 |
Quanex Building Products Corp. | 1,042 | 28,113 |
Quanta Services, Inc. | 1,743 | 365,803 |
RBC Bearings, Inc. * | 135 | 31,123 |
Regal Rexnord Corp. | 950 | 154,081 |
Resideo Technologies, Inc. * | 4,936 | 83,221 |
REV Group, Inc. | 1,614 | 21,918 |
Rockwell Automation, Inc. | 1,169 | 364,822 |
RTX Corp. | 14,478 | 1,245,687 |
Rush Enterprises, Inc., Class A | 2,280 | 94,415 |
Sensata Technologies Holding plc | 2,828 | 106,389 |
Simpson Manufacturing Co., Inc. | 576 | 92,022 |
SiteOne Landscape Supply, Inc. * | 379 | 64,881 |
Snap-on, Inc. | 978 | 262,691 |
Spirit AeroSystems Holdings, Inc., Class A | 4,712 | 100,460 |
SPX Technologies, Inc. * | 357 | 28,210 |
Standex International Corp. | 214 | 32,877 |
Stanley Black & Decker, Inc. | 4,991 | 471,051 |
Sterling Infrastructure, Inc. * | 487 | 40,304 |
Tennant Co. | 364 | 30,005 |
Terex Corp. | 1,611 | 97,643 |
Textainer Group Holdings Ltd. | 703 | 27,860 |
Textron, Inc. | 4,713 | 366,247 |
The AZEK Co., Inc. * | 859 | 29,215 |
The Boeing Co. * | 8,455 | 1,894,174 |
The Gorman-Rupp Co. | 610 | 19,605 |
The Greenbrier Cos., Inc. | 2,168 | 92,270 |
The Manitowoc Co., Inc. * | 2,357 | 39,880 |
The Middleby Corp. * | 656 | 95,507 |
The Shyft Group, Inc. | 669 | 10,490 |
The Timken Co. | 1,291 | 98,658 |
The Toro Co. | 1,054 | 107,845 |
Titan Machinery, Inc. * | 578 | 17,930 |
TPI Composites, Inc. * | 1,243 | 6,277 |
Trane Technologies plc | 2,278 | 467,582 |
TransDigm Group, Inc. * | 495 | 447,406 |
Trex Co., Inc. * | 849 | 60,593 |
Trinity Industries, Inc. | 2,378 | 59,616 |
Triton International Ltd. | 1,267 | 106,314 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Tutor Perini Corp. * | 7,819 | 69,511 |
UFP Industries, Inc. | 1,654 | 172,595 |
United Rentals, Inc. | 1,283 | 611,401 |
Valmont Industries, Inc. | 260 | 65,910 |
Veritiv Corp. | 588 | 98,978 |
Vertiv Holdings Co. | 1,573 | 61,960 |
W.W. Grainger, Inc. | 538 | 384,207 |
Wabash National Corp. | 1,941 | 43,770 |
Watsco, Inc. | 470 | 171,339 |
Watts Water Technologies, Inc., Class A | 307 | 57,952 |
WESCO International, Inc. | 1,012 | 163,792 |
Westinghouse Air Brake Technologies Corp. | 2,111 | 237,530 |
WillScot Mobile Mini Holdings Corp. * | 715 | 29,329 |
Woodward, Inc. | 797 | 103,108 |
Xylem, Inc. | 1,817 | 188,132 |
Zurn Elkay Water Solutions Corp., Class C | 910 | 26,954 |
40,660,643 | ||
Commercial & Professional Services 1.4% | ||
ABM Industries, Inc. | 2,430 | 110,371 |
ACCO Brands Corp. | 7,130 | 38,003 |
ASGN, Inc. * | 1,086 | 89,226 |
Automatic Data Processing, Inc. | 2,940 | 748,553 |
Barrett Business Services, Inc. | 140 | 13,395 |
Booz Allen Hamilton Holding Corp., Class A | 1,673 | 189,568 |
BrightView Holdings, Inc. * | 3,186 | 26,380 |
Broadridge Financial Solutions, Inc. | 1,134 | 211,162 |
CACI International, Inc., Class A * | 429 | 140,716 |
Casella Waste Systems, Inc., Class A * | 207 | 16,305 |
CBIZ, Inc. * | 542 | 30,412 |
Ceridian HCM Holding, Inc. * | 213 | 15,447 |
Cimpress plc * | 892 | 57,632 |
Cintas Corp. | 689 | 347,373 |
Clarivate plc * | 2,780 | 20,655 |
Clean Harbors, Inc. * | 635 | 107,531 |
Concentrix Corp. | 685 | 54,684 |
Conduent, Inc. * | 10,062 | 31,595 |
Copart, Inc. * | 3,312 | 148,477 |
CoreCivic, Inc. * | 8,187 | 88,092 |
CRA International, Inc. | 58 | 6,301 |
CSG Systems International, Inc. | 582 | 31,608 |
Deluxe Corp. | 3,456 | 69,880 |
Dun & Bradstreet Holdings, Inc. | 2,537 | 27,653 |
Ennis, Inc. | 467 | 9,947 |
Enviri Corp. * | 5,014 | 37,354 |
Equifax, Inc. | 711 | 146,964 |
ExlService Holdings, Inc. * | 1,050 | 30,692 |
Exponent, Inc. | 246 | 22,106 |
FTI Consulting, Inc. * | 491 | 91,238 |
Genpact Ltd. | 2,742 | 102,359 |
Healthcare Services Group, Inc. | 4,069 | 46,997 |
Heidrick & Struggles International, Inc. | 451 | 11,947 |
HNI Corp. | 1,968 | 64,472 |
Huron Consulting Group, Inc. * | 248 | 24,788 |
ICF International, Inc. | 322 | 43,489 |
Insperity, Inc. | 328 | 33,236 |
Interface, Inc. | 2,717 | 28,067 |
Jacobs Solutions, Inc. | 2,332 | 314,400 |
KBR, Inc. | 1,768 | 108,767 |
Kelly Services, Inc., Class A | 4,834 | 89,381 |
Kforce, Inc. | 576 | 36,086 |
Korn Ferry | 1,136 | 57,913 |
Leidos Holdings, Inc. | 3,174 | 309,497 |
ManpowerGroup, Inc. | 3,994 | 315,007 |
Matthews International Corp., Class A | 1,046 | 44,120 |
Maximus, Inc. | 1,544 | 124,786 |
MillerKnoll, Inc. | 2,784 | 53,174 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
MSA Safety, Inc. | 301 | 54,987 |
NV5 Global, Inc. * | 62 | 6,310 |
OPENLANE, Inc. * | 3,965 | 61,894 |
Paychex, Inc. | 2,501 | 305,697 |
Paycom Software, Inc. | 106 | 31,253 |
Pitney Bowes, Inc. | 15,117 | 49,735 |
Republic Services, Inc. | 2,196 | 316,509 |
Resources Connection, Inc. | 1,203 | 18,659 |
Robert Half International, Inc. | 2,733 | 202,133 |
Rollins, Inc. | 1,135 | 44,912 |
Science Applications International Corp. | 1,225 | 144,133 |
SP Plus Corp. * | 428 | 16,765 |
SS&C Technologies Holdings, Inc. | 2,584 | 148,373 |
Steelcase, Inc., Class A | 7,076 | 64,179 |
Stericycle, Inc. * | 1,377 | 60,877 |
Tetra Tech, Inc. | 520 | 81,822 |
The Brink's Co. | 780 | 59,132 |
The GEO Group, Inc. * | 9,193 | 66,557 |
TransUnion | 1,558 | 126,541 |
TriNet Group, Inc. * | 545 | 60,457 |
TrueBlue, Inc. * | 2,479 | 37,507 |
TTEC Holdings, Inc. | 360 | 10,714 |
UniFirst Corp. | 356 | 62,702 |
Verisk Analytics, Inc. | 987 | 239,071 |
Verra Mobility Corp. * | 952 | 16,936 |
Waste Management, Inc. | 4,469 | 700,650 |
7,756,311 | ||
Consumer Discretionary Distribution & Retail 4.3% | ||
1-800-Flowers.com, Inc., Class A * | 1,575 | 11,860 |
Abercrombie & Fitch Co., Class A * | 3,072 | 165,120 |
Academy Sports & Outdoors, Inc. | 1,531 | 83,547 |
Advance Auto Parts, Inc. | 1,645 | 113,209 |
Amazon.com, Inc. * | 47,558 | 6,563,480 |
American Eagle Outfitters, Inc. | 6,910 | 117,194 |
America's Car-Mart, Inc. * | 198 | 22,039 |
Arko Corp. | 1,871 | 14,089 |
Asbury Automotive Group, Inc. * | 521 | 119,830 |
AutoNation, Inc. * | 1,741 | 273,494 |
AutoZone, Inc. * | 100 | 253,133 |
Bath & Body Works, Inc. | 5,027 | 185,345 |
Best Buy Co., Inc. | 11,148 | 852,265 |
Big 5 Sporting Goods Corp. | 1,823 | 14,456 |
Big Lots, Inc. | 9,288 | 57,586 |
Boot Barn Holdings, Inc. * | 310 | 28,442 |
Burlington Stores, Inc. * | 607 | 98,492 |
Caleres, Inc. | 966 | 27,695 |
Camping World Holdings, Inc., Class A | 601 | 14,863 |
CarMax, Inc. * | 4,526 | 369,684 |
Chico's FAS, Inc. * | 4,766 | 24,450 |
Citi Trends, Inc. * | 792 | 17,131 |
Conn's, Inc. * | 2,522 | 10,542 |
ContextLogic, Inc., Class A *(a) | 1,048 | 5,612 |
Designer Brands, Inc., Class A | 2,919 | 30,679 |
Dick's Sporting Goods, Inc. | 1,370 | 159,386 |
Dillard's, Inc., Class A | 145 | 50,042 |
eBay, Inc. | 17,504 | 783,829 |
Etsy, Inc. * | 487 | 35,829 |
Five Below, Inc. * | 271 | 46,601 |
Floor & Decor Holdings, Inc., Class A * | 512 | 51,046 |
Foot Locker, Inc. | 5,103 | 100,121 |
GameStop Corp., Class A * | 3,241 | 60,121 |
Genesco, Inc. * | 840 | 28,795 |
Genuine Parts Co. | 1,948 | 299,466 |
Group 1 Automotive, Inc. | 789 | 208,627 |
Groupon, Inc. * | 2,367 | 29,280 |
Guess?, Inc. | 1,538 | 37,004 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Haverty Furniture Cos., Inc. | 875 | 27,387 |
Hibbett, Inc. | 625 | 28,944 |
Kohl's Corp. | 18,898 | 503,443 |
Leslie's, Inc. * | 569 | 3,562 |
Lithia Motors, Inc. | 879 | 270,750 |
LKQ Corp. | 5,253 | 275,940 |
LL Flooring Holdings, Inc. * | 1,783 | 6,151 |
Lowe’s Cos., Inc. | 8,569 | 1,974,983 |
Macy's, Inc. | 18,407 | 225,118 |
MarineMax, Inc. * | 1,072 | 35,665 |
MercadoLibre, Inc. * | 33 | 45,288 |
Monro, Inc. | 740 | 24,228 |
Murphy USA, Inc. | 630 | 200,113 |
National Vision Holdings, Inc. * | 1,030 | 18,859 |
Nordstrom, Inc. | 6,439 | 104,441 |
Ollie's Bargain Outlet Holdings, Inc. * | 866 | 66,751 |
O'Reilly Automotive, Inc. * | 587 | 551,604 |
Overstock.com, Inc. * | 1,516 | 39,583 |
Penske Automotive Group, Inc. | 847 | 139,162 |
Petco Health & Wellness Co., Inc. * | 1,185 | 6,032 |
PetMed Express, Inc. | 731 | 8,238 |
Pool Corp. | 287 | 104,927 |
Qurate Retail, Inc. * | 156,120 | 120,993 |
RH * | 157 | 57,335 |
Ross Stores, Inc. | 3,637 | 443,023 |
Sally Beauty Holdings, Inc. * | 5,400 | 54,864 |
Shoe Carnival, Inc. | 762 | 17,625 |
Signet Jewelers Ltd. | 1,197 | 89,775 |
Sleep Number Corp. * | 1,746 | 44,663 |
Sonic Automotive, Inc., Class A | 1,139 | 60,731 |
Sportsman's Warehouse Holdings, Inc. * | 2,162 | 10,399 |
Stitch Fix, Inc., Class A * | 5,270 | 23,135 |
The Aaron's Co., Inc. | 2,925 | 35,305 |
The Buckle, Inc. | 851 | 31,096 |
The Children's Place, Inc. * | 683 | 18,106 |
The Container Store Group, Inc. * | 2,126 | 4,975 |
The Gap, Inc. | 14,791 | 171,280 |
The Home Depot, Inc. | 11,841 | 3,911,082 |
The ODP Corp. * | 3,297 | 162,608 |
The TJX Cos., Inc. | 13,403 | 1,239,509 |
Tractor Supply Co. | 1,171 | 255,863 |
Ulta Beauty, Inc. * | 383 | 158,956 |
Upbound Group, Inc. | 1,939 | 59,372 |
Urban Outfitters, Inc. * | 2,960 | 98,302 |
Valvoline, Inc. | 1,700 | 58,548 |
Victoria's Secret & Co. * | 2,047 | 39,261 |
Vroom, Inc. * | 15,100 | 19,781 |
Wayfair, Inc., Class A * | 457 | 31,583 |
Williams-Sonoma, Inc. | 1,335 | 188,502 |
Zumiez, Inc. * | 1,185 | 22,503 |
23,454,728 | ||
Consumer Durables & Apparel 1.8% | ||
Acushnet Holdings Corp. | 570 | 33,374 |
Beazer Homes USA, Inc. * | 1,751 | 51,322 |
Brunswick Corp. | 1,890 | 149,537 |
Capri Holdings Ltd. * | 3,141 | 164,871 |
Carter's, Inc. | 1,528 | 109,359 |
Cavco Industries, Inc. * | 145 | 40,530 |
Century Communities, Inc. | 929 | 68,978 |
Columbia Sportswear Co. | 876 | 64,246 |
Crocs, Inc. * | 510 | 49,643 |
D.R. Horton, Inc. | 7,123 | 847,780 |
Deckers Outdoor Corp. * | 286 | 151,320 |
Ethan Allen Interiors, Inc. | 929 | 29,152 |
Fossil Group, Inc. * | 6,730 | 14,268 |
Garmin Ltd. | 1,021 | 108,246 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
G-III Apparel Group Ltd. * | 3,478 | 69,038 |
GoPro, Inc., Class A * | 1,401 | 5,093 |
Hanesbrands, Inc. | 25,525 | 134,006 |
Hasbro, Inc. | 2,600 | 187,200 |
Helen of Troy Ltd. * | 676 | 83,094 |
Installed Building Products, Inc. | 266 | 38,498 |
iRobot Corp. * | 969 | 37,684 |
KB Home | 2,985 | 151,638 |
Kontoor Brands, Inc. | 823 | 37,685 |
La-Z-Boy, Inc. | 1,898 | 58,553 |
Leggett & Platt, Inc. | 3,964 | 111,785 |
Lennar Corp., Class A | 7,031 | 837,322 |
LGI Homes, Inc. * | 518 | 63,766 |
Lululemon Athletica, Inc. * | 546 | 208,168 |
M.D.C. Holdings, Inc. | 2,382 | 113,026 |
M/I Homes, Inc. * | 1,171 | 114,969 |
Malibu Boats, Inc., Class A * | 281 | 13,645 |
Mattel, Inc. * | 3,777 | 83,698 |
Meritage Homes Corp. | 1,298 | 180,474 |
Mohawk Industries, Inc. * | 2,720 | 275,781 |
Movado Group, Inc. | 387 | 10,584 |
Newell Brands, Inc. | 14,219 | 150,437 |
NIKE, Inc., Class B | 11,114 | 1,130,405 |
NVR, Inc. * | 59 | 376,263 |
Oxford Industries, Inc. | 263 | 26,560 |
Peloton Interactive, Inc., Class A * | 989 | 6,310 |
Polaris, Inc. | 1,312 | 147,062 |
PulteGroup, Inc. | 8,432 | 691,930 |
PVH Corp. | 3,228 | 269,861 |
Ralph Lauren Corp. | 1,176 | 137,157 |
SharkNinja, Inc. * | 989 | 34,536 |
Skechers U.S.A., Inc., Class A * | 2,470 | 124,266 |
Skyline Champion Corp. * | 549 | 39,127 |
Smith & Wesson Brands, Inc. | 2,711 | 31,827 |
Sonos, Inc. * | 1,220 | 16,812 |
Steven Madden Ltd. | 1,985 | 68,483 |
Sturm Ruger & Co., Inc. | 613 | 31,619 |
Tapestry, Inc. | 4,945 | 164,767 |
Taylor Morrison Home Corp. * | 4,000 | 189,600 |
Tempur Sealy International, Inc. | 2,660 | 124,275 |
Toll Brothers, Inc. | 3,565 | 292,080 |
TopBuild Corp. * | 417 | 120,963 |
Topgolf Callaway Brands Corp. * | 1,168 | 20,370 |
Tri Pointe Homes, Inc. * | 5,566 | 173,103 |
Tupperware Brands Corp. * | 14,959 | 37,248 |
Under Armour, Inc., Class A * | 8,219 | 62,793 |
VF Corp. | 12,265 | 242,356 |
Vista Outdoor, Inc. * | 1,381 | 40,394 |
Whirlpool Corp. | 3,041 | 425,618 |
Wolverine World Wide, Inc. | 3,847 | 31,084 |
YETI Holdings, Inc. * | 633 | 31,618 |
9,937,257 | ||
Consumer Services 2.2% | ||
ADT, Inc. | 7,123 | 45,730 |
Adtalem Global Education, Inc. * | 1,482 | 64,986 |
Airbnb, Inc., Class A * | 105 | 13,813 |
Aramark | 5,107 | 189,878 |
Arcos Dorados Holdings, Inc., Class A | 2,669 | 26,343 |
BJ's Restaurants, Inc. * | 718 | 21,116 |
Bloomin' Brands, Inc. | 2,152 | 60,385 |
Booking Holdings, Inc. * | 457 | 1,418,999 |
Boyd Gaming Corp. | 960 | 64,195 |
Bright Horizons Family Solutions, Inc. * | 638 | 60,240 |
Brinker International, Inc. * | 1,170 | 38,294 |
Caesars Entertainment, Inc. * | 1,274 | 70,401 |
Carnival Corp. * | 43,017 | 680,529 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Carriage Services, Inc. | 214 | 6,595 |
Chipotle Mexican Grill, Inc. * | 94 | 181,104 |
Choice Hotels International, Inc. | 178 | 22,588 |
Churchill Downs, Inc. | 519 | 65,020 |
Cracker Barrel Old Country Store, Inc. | 755 | 62,235 |
Darden Restaurants, Inc. | 1,574 | 244,773 |
Dave & Buster's Entertainment, Inc. * | 771 | 30,277 |
Denny's Corp. * | 1,629 | 15,524 |
Dine Brands Global, Inc. | 231 | 12,654 |
Domino’s Pizza, Inc. | 535 | 207,259 |
DoorDash, Inc., Class A * | 276 | 23,220 |
Everi Holdings, Inc. * | 955 | 13,809 |
Expedia Group, Inc. * | 1,514 | 164,102 |
Frontdoor, Inc. * | 906 | 29,735 |
Graham Holdings Co., Class B | 125 | 73,291 |
Grand Canyon Education, Inc. * | 682 | 79,965 |
H&R Block, Inc. | 2,701 | 107,986 |
Hilton Grand Vacations, Inc. * | 840 | 36,725 |
Hilton Worldwide Holdings, Inc. | 1,935 | 287,638 |
Hyatt Hotels Corp., Class A | 709 | 79,699 |
International Game Technology plc | 2,553 | 81,747 |
Jack in the Box, Inc. | 793 | 63,733 |
Las Vegas Sands Corp. | 6,513 | 357,303 |
Laureate Education, Inc. | 4,329 | 60,303 |
Light & Wonder, Inc. * | 1,336 | 102,431 |
Marriott International, Inc., Class A | 2,170 | 441,617 |
Marriott Vacations Worldwide Corp. | 601 | 65,323 |
McDonald’s Corp. | 7,149 | 2,009,941 |
MGM Resorts International | 7,998 | 351,752 |
Norwegian Cruise Line Holdings Ltd. * | 5,087 | 84,292 |
Papa John's International, Inc. | 231 | 17,487 |
Penn Entertainment, Inc. * | 2,957 | 70,051 |
Perdoceo Education Corp. | 1,880 | 31,152 |
Planet Fitness, Inc., Class A * | 537 | 32,650 |
Red Rock Resorts, Inc., Class A | 655 | 28,774 |
Royal Caribbean Cruises Ltd. * | 3,868 | 382,700 |
Sabre Corp. * | 12,036 | 60,180 |
SeaWorld Entertainment, Inc. * | 319 | 15,535 |
Service Corp. International | 1,706 | 107,666 |
Six Flags Entertainment Corp. * | 3,076 | 70,625 |
Starbucks Corp. | 15,535 | 1,513,730 |
Strategic Education, Inc. | 448 | 34,720 |
Stride, Inc. * | 812 | 34,502 |
Texas Roadhouse, Inc. | 769 | 80,053 |
The Cheesecake Factory, Inc. | 877 | 27,932 |
The Wendy's Co. | 2,910 | 57,589 |
Travel & Leisure Co. | 2,566 | 103,153 |
Vail Resorts, Inc. | 425 | 96,186 |
Wingstop, Inc. | 82 | 13,173 |
WW International, Inc. * | 4,375 | 42,481 |
Wyndham Hotels & Resorts, Inc. | 897 | 67,625 |
Wynn Resorts Ltd. | 1,381 | 140,006 |
Yum! Brands, Inc. | 3,818 | 493,973 |
11,639,493 | ||
Consumer Staples Distribution & Retail 3.1% | ||
BJ's Wholesale Club Holdings, Inc. * | 1,048 | 70,625 |
Casey's General Stores, Inc. | 919 | 224,613 |
Costco Wholesale Corp. | 5,156 | 2,832,088 |
Dollar General Corp. | 3,390 | 469,515 |
Dollar Tree, Inc. * | 2,933 | 358,882 |
Grocery Outlet Holding Corp. * | 1,263 | 38,964 |
Ingles Markets, Inc., Class A | 753 | 58,832 |
Performance Food Group Co. * | 3,964 | 246,283 |
PriceSmart, Inc. | 882 | 70,101 |
Rite Aid Corp. *(b) | 17,517 | 13,488 |
SpartanNash Co. | 3,866 | 84,124 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Sprouts Farmers Market, Inc. * | 3,494 | 142,520 |
Sysco Corp. | 8,131 | 566,324 |
Target Corp. | 12,622 | 1,597,314 |
The Andersons, Inc. | 1,598 | 82,073 |
The Chefs' Warehouse, Inc. * | 492 | 14,042 |
The Kroger Co. | 32,436 | 1,504,706 |
United Natural Foods, Inc. * | 3,341 | 67,254 |
US Foods Holding Corp. * | 9,016 | 364,517 |
Walgreens Boots Alliance, Inc. | 58,171 | 1,472,308 |
Walmart, Inc. | 39,252 | 6,382,768 |
Weis Markets, Inc. | 814 | 52,804 |
16,714,145 | ||
Energy 6.9% | ||
Antero Midstream Corp. | 2,510 | 30,421 |
Antero Resources Corp. * | 3,368 | 93,193 |
APA Corp. | 5,155 | 225,995 |
Archrock, Inc. | 4,588 | 58,681 |
Baker Hughes Co. | 26,090 | 944,197 |
Berry Corp. | 2,161 | 18,520 |
Cactus, Inc., Class A | 336 | 17,922 |
California Resources Corp. | 762 | 42,550 |
Callon Petroleum Co. * | 215 | 8,434 |
ChampionX Corp. | 1,191 | 42,983 |
Cheniere Energy, Inc. | 1,345 | 219,504 |
Chevron Corp. | 38,700 | 6,234,570 |
Chord Energy Corp. | 80 | 12,920 |
Civitas Resources, Inc. | 160 | 13,155 |
CNX Resources Corp. * | 5,213 | 116,511 |
Comstock Resources, Inc. | 619 | 7,589 |
ConocoPhillips | 18,574 | 2,210,863 |
CONSOL Energy, Inc. | 686 | 59,023 |
Core Laboratories, Inc. | 1,137 | 27,334 |
CVR Energy, Inc. | 1,042 | 34,073 |
Delek US Holdings, Inc. | 3,350 | 86,263 |
Denbury, Inc. * | 154 | 14,103 |
Devon Energy Corp. | 5,740 | 293,257 |
DHT Holdings, Inc. | 3,766 | 34,836 |
Diamond Offshore Drilling, Inc. * | 595 | 8,848 |
Diamondback Energy, Inc. | 867 | 131,593 |
Dorian LPG Ltd. | 727 | 18,757 |
Dril-Quip, Inc. * | 826 | 22,781 |
DTE Midstream LLC | 884 | 46,224 |
EOG Resources, Inc. | 7,598 | 977,255 |
EQT Corp. | 1,909 | 82,507 |
Equitrans Midstream Corp. | 12,896 | 123,802 |
Expro Group Holdings N.V. * | 481 | 11,308 |
Exxon Mobil Corp. | 86,899 | 9,662,300 |
Geopark Ltd. | 548 | 5,255 |
Golar LNG Ltd. | 832 | 18,387 |
Green Plains, Inc. * | 1,356 | 42,090 |
Halliburton Co. | 11,626 | 448,996 |
Helix Energy Solutions Group, Inc. * | 4,595 | 46,593 |
Helmerich & Payne, Inc. | 2,835 | 113,372 |
Hess Corp. | 1,397 | 215,837 |
HF Sinclair Corp. | 6,017 | 331,477 |
International Seaways, Inc. | 425 | 18,262 |
Kinder Morgan, Inc. | 50,289 | 865,977 |
Kosmos Energy Ltd. * | 6,236 | 45,398 |
Liberty Energy, Inc. | 2,268 | 36,175 |
Magnolia Oil & Gas Corp., Class A | 483 | 11,012 |
Marathon Oil Corp. | 13,399 | 353,064 |
Marathon Petroleum Corp. | 14,918 | 2,129,843 |
Matador Resources Co. | 780 | 49,530 |
Murphy Oil Corp. | 3,178 | 144,281 |
Nabors Industries Ltd. * | 443 | 49,036 |
NexTier Oilfield Solutions, Inc. * | 3,012 | 31,957 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
NOV, Inc. | 8,579 | 181,274 |
Occidental Petroleum Corp. | 10,790 | 677,504 |
Oceaneering International, Inc. * | 2,741 | 62,467 |
Oil States International, Inc. * | 2,996 | 23,489 |
ONEOK, Inc. | 7,909 | 515,667 |
Ovintiv, Inc. | 4,489 | 210,803 |
Par Pacific Holdings, Inc. * | 838 | 28,785 |
Patterson-UTI Energy, Inc. | 5,078 | 71,803 |
PBF Energy, Inc., Class A | 4,217 | 197,735 |
Peabody Energy Corp. | 4,004 | 86,406 |
Permian Resources Corp. | 1,957 | 27,750 |
Phillips 66 | 19,577 | 2,234,910 |
Pioneer Natural Resources Co. | 1,869 | 444,691 |
ProPetro Holding Corp. * | 4,239 | 40,864 |
Range Resources Corp. | 1,196 | 38,727 |
REX American Resources Corp. * | 256 | 10,109 |
RPC, Inc. | 1,993 | 15,924 |
Schlumberger N.V. | 20,076 | 1,183,681 |
Scorpio Tankers, Inc. | 569 | 28,740 |
Select Water Solutions, Inc. | 1,007 | 8,106 |
SFL Corp., Ltd. | 3,643 | 41,166 |
SM Energy Co. | 2,083 | 88,132 |
Southwestern Energy Co. * | 11,336 | 76,858 |
Talos Energy, Inc. * | 1,484 | 25,554 |
Targa Resources Corp. | 2,934 | 253,058 |
TechnipFMC plc | 9,727 | 185,202 |
Teekay Tankers Ltd., Class A | 621 | 25,262 |
Texas Pacific Land Corp. | 16 | 30,156 |
The Williams Cos., Inc. | 19,213 | 663,425 |
Transocean Ltd. * | 13,709 | 112,140 |
Tsakos Energy Navigation Ltd. | 443 | 8,980 |
US Silica Holdings, Inc. * | 1,562 | 19,259 |
Valaris Ltd. * | 384 | 28,923 |
Valero Energy Corp. | 16,276 | 2,114,252 |
Vital Energy, Inc. * | 257 | 15,495 |
Weatherford International plc * | 1,092 | 96,664 |
World Fuel Services Corp. | 16,568 | 362,839 |
37,125,614 | ||
Equity Real Estate Investment Trusts (REITs) 2.1% | ||
Acadia Realty Trust | 1,722 | 25,641 |
Agree Realty Corp. | 288 | 17,804 |
Alexander & Baldwin, Inc. | 2,136 | 38,469 |
Alexandria Real Estate Equities, Inc. | 1,058 | 123,088 |
American Assets Trust, Inc. | 964 | 20,639 |
American Homes 4 Rent, Class A | 1,913 | 68,945 |
American Tower Corp. | 2,776 | 503,344 |
Americold Realty Trust, Inc. | 2,450 | 82,442 |
Apartment Income REIT Corp. | 1,996 | 67,984 |
Apple Hospitality REIT, Inc. | 4,921 | 73,913 |
Ashford Hospitality Trust, Inc. * | 3,686 | 10,947 |
AvalonBay Communities, Inc. | 1,383 | 254,223 |
Boston Properties, Inc. | 3,531 | 235,765 |
Brandywine Realty Trust | 9,749 | 48,745 |
Brixmor Property Group, Inc. | 5,233 | 115,021 |
Broadstone Net Lease, Inc. | 906 | 14,650 |
Camden Property Trust | 885 | 95,244 |
CBL & Associates Properties, Inc. | 517 | 11,059 |
Centerspace | 223 | 14,437 |
Chatham Lodging Trust | 1,360 | 13,301 |
Corporate Office Properties Trust | 2,043 | 52,873 |
Cousins Properties, Inc. | 2,411 | 56,659 |
Crown Castle, Inc. | 3,798 | 381,699 |
CubeSmart | 1,485 | 61,939 |
DiamondRock Hospitality Co. | 5,550 | 44,733 |
Digital Realty Trust, Inc. | 2,941 | 387,389 |
Diversified Healthcare Trust | 78,719 | 213,722 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Douglas Emmett, Inc. | 4,622 | 63,183 |
Easterly Government Properties, Inc. | 1,321 | 17,662 |
EastGroup Properties, Inc. | 214 | 38,441 |
Elme Communities | 1,656 | 25,469 |
Empire State Realty Trust, Inc., Class A | 5,120 | 44,698 |
EPR Properties | 1,363 | 61,035 |
Equinix, Inc. | 565 | 441,480 |
Equity Commonwealth | 847 | 16,118 |
Equity LifeStyle Properties, Inc. | 1,213 | 81,222 |
Equity Residential | 4,197 | 272,092 |
Essential Properties Realty Trust, Inc. | 583 | 14,004 |
Essex Property Trust, Inc. | 661 | 157,576 |
Extra Space Storage, Inc. | 1,216 | 156,475 |
Federal Realty Investment Trust | 875 | 85,697 |
First Industrial Realty Trust, Inc. | 823 | 42,747 |
Four Corners Property Trust, Inc. | 625 | 15,725 |
Gaming & Leisure Properties, Inc. | 2,050 | 97,170 |
Getty Realty Corp. | 419 | 12,578 |
Global Net Lease, Inc. | 2,391 | 27,138 |
Healthcare Realty Trust, Inc. | 4,597 | 80,539 |
Healthpeak Properties, Inc. | 6,956 | 143,154 |
Highwoods Properties, Inc. | 2,743 | 65,366 |
Host Hotels & Resorts, Inc. | 15,211 | 240,182 |
Hudson Pacific Properties, Inc. | 7,259 | 49,434 |
Independence Realty Trust, Inc. | 574 | 9,660 |
Industrial Logistics Properties Trust | 6,118 | 24,044 |
InvenTrust Properties Corp. | 549 | 13,127 |
Invitation Homes, Inc. | 4,027 | 137,280 |
Iron Mountain, Inc. | 4,462 | 283,515 |
JBG SMITH Properties | 2,618 | 41,050 |
Kilroy Realty Corp. | 2,074 | 76,634 |
Kimco Realty Corp. | 5,760 | 109,094 |
Kite Realty Group Trust | 1,698 | 38,324 |
Lamar Advertising Co., Class A | 1,111 | 101,345 |
LTC Properties, Inc. | 488 | 16,036 |
LXP Industrial Trust | 3,701 | 36,344 |
Medical Properties Trust, Inc. | 8,692 | 62,756 |
Mid-America Apartment Communities, Inc. | 1,019 | 147,989 |
National Health Investors, Inc. | 526 | 26,894 |
National Storage Affiliates Trust | 478 | 16,061 |
NNN REIT, Inc. | 1,527 | 60,149 |
Office Properties Income Trust | 3,589 | 26,559 |
Omega Healthcare Investors, Inc. | 3,242 | 103,160 |
Outfront Media, Inc. | 3,731 | 42,347 |
Paramount Group, Inc. | 9,740 | 50,064 |
Park Hotels & Resorts, Inc. | 10,716 | 137,486 |
Pebblebrook Hotel Trust | 2,719 | 39,344 |
Phillips Edison & Co., Inc. | 647 | 21,907 |
Physicians Realty Trust | 2,890 | 40,200 |
Piedmont Office Realty Trust, Inc., Class A | 6,273 | 43,096 |
PotlatchDeltic Corp. | 1,325 | 62,620 |
Prologis, Inc. | 3,455 | 429,111 |
Public Storage | 850 | 234,923 |
Rayonier, Inc. | 1,810 | 54,119 |
Realty Income Corp. | 2,430 | 136,177 |
Regency Centers Corp. | 1,816 | 112,955 |
Retail Opportunity Investments Corp. | 1,775 | 23,892 |
Rexford Industrial Realty, Inc. | 469 | 25,077 |
RLJ Lodging Trust | 6,236 | 62,298 |
RPT Realty | 2,049 | 23,236 |
Ryman Hospitality Properties, Inc. | 498 | 42,345 |
Sabra Health Care REIT, Inc. | 4,737 | 59,355 |
SBA Communications Corp. | 341 | 76,565 |
Service Properties Trust | 14,899 | 123,066 |
Simon Property Group, Inc. | 4,497 | 510,365 |
SITE Centers Corp. | 3,905 | 52,132 |
SL Green Realty Corp. (a) | 3,486 | 136,860 |
Spirit Realty Capital, Inc. | 1,230 | 47,490 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
STAG Industrial, Inc. | 1,278 | 46,685 |
Star Holdings * | 583 | 7,940 |
Summit Hotel Properties, Inc. | 3,088 | 17,941 |
Sun Communities, Inc. | 773 | 94,631 |
Sunstone Hotel Investors, Inc. | 5,183 | 46,543 |
Tanger Factory Outlet Centers, Inc. | 2,231 | 51,871 |
Terreno Realty Corp. | 286 | 17,415 |
The Macerich Co. | 8,409 | 98,301 |
The Necessity Retail REIT, Inc. | 2,731 | 20,483 |
UDR, Inc. | 2,662 | 106,214 |
Uniti Group, Inc. | 12,850 | 69,004 |
Urban Edge Properties | 2,329 | 38,102 |
Ventas, Inc. | 8,124 | 354,856 |
Veris Residential, Inc. * | 1,864 | 34,689 |
VICI Properties, Inc. | 2,907 | 89,652 |
Vornado Realty Trust | 7,672 | 184,281 |
Welltower, Inc. | 6,000 | 497,280 |
Weyerhaeuser Co. | 15,197 | 497,702 |
WP Carey, Inc. | 1,443 | 93,867 |
Xenia Hotels & Resorts, Inc. | 3,420 | 40,356 |
11,608,724 | ||
Financial Services 7.6% | ||
Affiliated Managers Group, Inc. | 1,063 | 142,453 |
AGNC Investment Corp. | 11,053 | 109,535 |
Ally Financial, Inc. | 19,190 | 531,371 |
A-Mark Precious Metals, Inc. | 981 | 33,472 |
American Express Co. | 9,871 | 1,559,519 |
Ameriprise Financial, Inc. | 1,846 | 623,173 |
Annaly Capital Management, Inc. | 6,638 | 134,552 |
Apollo Commercial Real Estate Finance, Inc. | 3,400 | 37,128 |
Apollo Global Management, Inc. | 1,344 | 117,385 |
Arbor Realty Trust, Inc. | 2,011 | 32,096 |
Ares Management Corp., Class A | 413 | 42,721 |
Artisan Partners Asset Management, Inc., Class A | 1,388 | 53,327 |
B. Riley Financial, Inc. (a) | 552 | 28,265 |
Berkshire Hathaway, Inc., Class B * | 32,472 | 11,696,414 |
BGC Group, Inc., Class A | 7,726 | 38,166 |
BlackRock, Inc. | 1,598 | 1,119,463 |
Blackstone Mortgage Trust, Inc., Class A | 2,609 | 57,450 |
Blackstone, Inc. | 4,310 | 458,455 |
Block, Inc. * | 835 | 48,138 |
Bread Financial Holdings, Inc. | 5,940 | 223,225 |
Brightsphere Investment Group, Inc. | 1,797 | 37,216 |
BrightSpire Capital, Inc. | 1,947 | 13,551 |
Cannae Holdings, Inc. * | 1,184 | 23,242 |
Capital One Financial Corp. | 17,051 | 1,745,852 |
Cboe Global Markets, Inc. | 853 | 127,703 |
Chimera Investment Corp. | 14,441 | 87,368 |
CME Group, Inc. | 2,340 | 474,271 |
Cohen & Steers, Inc. | 321 | 20,923 |
Coinbase Global, Inc., Class A * | 739 | 58,824 |
Compass Diversified Holdings | 1,990 | 41,094 |
Corebridge Financial, Inc. | 1,390 | 24,784 |
Credit Acceptance Corp. * | 143 | 71,753 |
Diamond Hill Investment Group, Inc. | 43 | 7,257 |
Discover Financial Services | 9,010 | 811,531 |
Donnelley Financial Solutions, Inc. * | 474 | 23,354 |
Encore Capital Group, Inc. * | 754 | 35,332 |
Enova International, Inc. * | 930 | 46,919 |
Equitable Holdings, Inc. | 6,150 | 177,120 |
Essent Group Ltd. | 1,400 | 70,308 |
Euronet Worldwide, Inc. * | 728 | 63,598 |
Evercore, Inc., Class A | 1,137 | 159,237 |
EVERTEC, Inc. | 759 | 30,034 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
FactSet Research Systems, Inc. | 181 | 78,990 |
Federal Agricultural Mortgage Corp., Class C | 110 | 18,515 |
Fidelity National Information Services, Inc. | 8,947 | 499,779 |
FirstCash Holdings, Inc. | 721 | 64,400 |
Fiserv, Inc. * | 3,581 | 434,698 |
FleetCor Technologies, Inc. * | 1,045 | 283,958 |
Focus Financial Partners, Inc., Class A *(c) | 374 | 19,822 |
Franklin Resources, Inc. | 11,546 | 308,740 |
Global Payments, Inc. | 3,167 | 401,227 |
Granite Point Mortgage Trust, Inc. | 1,361 | 7,268 |
Green Dot Corp., Class A * | 1,331 | 19,752 |
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 212 | 4,742 |
Houlihan Lokey, Inc. | 516 | 54,355 |
Interactive Brokers Group, Inc., Class A | 301 | 27,415 |
Intercontinental Exchange, Inc. | 4,538 | 535,439 |
Invesco Ltd. | 12,442 | 198,077 |
Jack Henry & Associates, Inc. | 655 | 102,691 |
Jackson Financial, Inc., Class A | 1,047 | 39,367 |
Janus Henderson Group plc | 4,727 | 129,851 |
Jefferies Financial Group, Inc. | 5,356 | 191,156 |
KKR & Co., Inc. | 5,909 | 371,144 |
KKR Real Estate Finance Trust, Inc. | 682 | 8,532 |
Ladder Capital Corp. | 3,039 | 33,307 |
Lazard Ltd., Class A | 2,882 | 100,121 |
LendingTree, Inc. * | 523 | 9,890 |
LPL Financial Holdings, Inc. | 699 | 161,182 |
MarketAxess Holdings, Inc. | 165 | 39,753 |
Mastercard, Inc., Class A | 3,671 | 1,514,801 |
MFA Financial, Inc. | 3,992 | 43,752 |
MGIC Investment Corp. | 6,981 | 122,726 |
Moelis & Co., Class A | 1,184 | 56,133 |
Moody's Corp. | 978 | 329,390 |
Morgan Stanley | 17,018 | 1,449,083 |
Morningstar, Inc. | 140 | 32,574 |
Mr Cooper Group, Inc. * | 801 | 45,385 |
MSCI, Inc. | 274 | 148,952 |
Nasdaq, Inc. | 2,324 | 121,964 |
Navient Corp. | 10,159 | 179,306 |
Nelnet, Inc., Class A | 289 | 26,545 |
New York Mortgage Trust, Inc. | 2,650 | 25,228 |
NMI Holdings, Inc., Class A * | 877 | 25,100 |
Northern Trust Corp. | 3,878 | 294,999 |
OneMain Holdings, Inc. | 6,018 | 249,807 |
Pagseguro Digital Ltd., Class A * | 2,733 | 24,542 |
PayPal Holdings, Inc. * | 10,558 | 659,981 |
Paysafe Ltd. * | 1,646 | 21,563 |
PennyMac Financial Services, Inc. | 808 | 57,990 |
PennyMac Mortgage Investment Trust | 2,583 | 34,638 |
Piper Sandler Cos. | 226 | 33,669 |
PJT Partners, Inc., Class A | 100 | 7,899 |
PRA Group, Inc. * | 1,035 | 20,162 |
PROG Holdings, Inc. * | 3,992 | 136,926 |
Radian Group, Inc. | 4,100 | 111,028 |
Raymond James Financial, Inc. | 1,852 | 193,701 |
Ready Capital Corp. | 2,503 | 27,333 |
Redwood Trust, Inc. | 3,518 | 28,179 |
Rithm Capital Corp. | 14,375 | 148,206 |
S&P Global, Inc. | 1,911 | 746,933 |
SEI Investments Co. | 2,005 | 124,430 |
SLM Corp. | 8,941 | 127,320 |
Starwood Property Trust, Inc. | 5,582 | 114,040 |
State Street Corp. | 6,422 | 441,448 |
StepStone Group, Inc., Class A | 259 | 7,995 |
Stifel Financial Corp. | 1,083 | 70,417 |
StoneCo Ltd., Class A * | 2,152 | 26,384 |
Synchrony Financial | 34,505 | 1,113,821 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
T. Rowe Price Group, Inc. | 5,291 | 593,809 |
The Bank of New York Mellon Corp. | 23,242 | 1,042,869 |
The Carlyle Group, Inc. | 2,691 | 87,054 |
The Charles Schwab Corp. (d) | 7,110 | 420,557 |
The Goldman Sachs Group, Inc. | 6,645 | 2,177,633 |
The Western Union Co. | 15,955 | 197,044 |
TPG RE Finance Trust, Inc. | 2,581 | 19,409 |
TPG, Inc. | 712 | 20,021 |
Tradeweb Markets, Inc., Class A | 405 | 35,004 |
Two Harbors Investment Corp. | 1,922 | 26,466 |
Virtu Financial, Inc., Class A | 2,015 | 37,761 |
Virtus Investment Partners, Inc. | 111 | 22,988 |
Visa, Inc., Class A | 7,898 | 1,940,381 |
Voya Financial, Inc. | 1,939 | 135,110 |
Walker & Dunlop, Inc. | 582 | 49,668 |
WEX, Inc. * | 308 | 60,423 |
World Acceptance Corp. * | 258 | 34,781 |
XP, Inc., Class A * | 1,066 | 27,012 |
41,254,090 | ||
Food, Beverage & Tobacco 3.5% | ||
Adecoagro S.A. | 3,953 | 45,380 |
Altria Group, Inc. | 41,049 | 1,815,187 |
Archer-Daniels-Midland Co. | 16,234 | 1,287,356 |
B&G Foods, Inc. | 4,174 | 53,385 |
Brown-Forman Corp., Class B | 1,265 | 83,654 |
Bunge Ltd. | 5,506 | 629,446 |
Calavo Growers, Inc. | 839 | 27,653 |
Cal-Maine Foods, Inc. | 716 | 34,218 |
Campbell Soup Co. | 3,354 | 139,862 |
Coca-Cola Consolidated, Inc. | 53 | 37,042 |
Coca-Cola Europacific Partners plc | 4,337 | 278,045 |
Conagra Brands, Inc. | 9,440 | 282,067 |
Constellation Brands, Inc., Class A | 1,701 | 443,213 |
Darling Ingredients, Inc. * | 1,856 | 114,627 |
Dole plc | 3,205 | 38,204 |
Flowers Foods, Inc. | 3,810 | 89,764 |
Fresh Del Monte Produce, Inc. | 2,651 | 67,733 |
General Mills, Inc. | 8,477 | 573,554 |
Hormel Foods Corp. | 4,759 | 183,650 |
Hostess Brands, Inc. * | 1,364 | 38,847 |
Ingredion, Inc. | 2,225 | 228,975 |
J&J Snack Foods Corp. | 234 | 37,938 |
John B Sanfilippo & Son, Inc. | 287 | 28,800 |
Kellogg Co. | 4,335 | 264,522 |
Keurig Dr Pepper, Inc. | 9,886 | 332,664 |
Lamb Weston Holdings, Inc. | 1,058 | 103,060 |
Lancaster Colony Corp. | 253 | 41,793 |
McCormick & Co., Inc. Non Voting Shares | 2,218 | 182,053 |
Mission Produce, Inc. * | 984 | 9,368 |
Molson Coors Beverage Co., Class B | 5,708 | 362,401 |
Mondelez International, Inc., Class A | 18,553 | 1,322,087 |
Monster Beverage Corp. * | 5,119 | 293,882 |
National Beverage Corp. * | 301 | 15,444 |
Nomad Foods Ltd. * | 3,866 | 70,902 |
PepsiCo, Inc. | 14,289 | 2,542,299 |
Philip Morris International, Inc. | 22,805 | 2,190,648 |
Pilgrim's Pride Corp. * | 1,746 | 43,929 |
Post Holdings, Inc. * | 1,407 | 126,222 |
Seneca Foods Corp., Class A * | 228 | 11,003 |
The Boston Beer Co., Inc., Class A * | 127 | 46,410 |
The Coca-Cola Co. | 34,656 | 2,073,468 |
The Hain Celestial Group, Inc. * | 3,676 | 38,929 |
The Hershey Co. | 978 | 210,133 |
The J.M. Smucker Co. | 2,466 | 357,447 |
The Kraft Heinz Co. | 16,017 | 530,002 |
The Simply Good Foods Co. * | 248 | 8,948 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
TreeHouse Foods, Inc. * | 1,557 | 72,432 |
Tyson Foods, Inc., Class A | 14,958 | 796,813 |
Universal Corp. | 1,334 | 63,525 |
Vector Group Ltd. | 3,148 | 33,715 |
18,702,699 | ||
Health Care Equipment & Services 5.4% | ||
Abbott Laboratories | 14,234 | 1,464,679 |
Acadia Healthcare Co., Inc. * | 895 | 69,005 |
AdaptHealth Corp. * | 538 | 6,418 |
Addus HomeCare Corp. * | 160 | 14,032 |
Align Technology, Inc. * | 485 | 179,518 |
Amedisys, Inc. * | 515 | 48,281 |
AMN Healthcare Services, Inc. * | 582 | 51,437 |
Avanos Medical, Inc. * | 693 | 14,581 |
Baxter International, Inc. | 10,814 | 439,048 |
Becton Dickinson & Co. | 2,520 | 704,214 |
Boston Scientific Corp. * | 7,607 | 410,322 |
Brookdale Senior Living, Inc. * | 9,832 | 41,786 |
Cardinal Health, Inc. | 7,278 | 635,588 |
Cencora, Inc. | 1,040 | 183,019 |
Centene Corp. * | 15,241 | 939,608 |
Chemed Corp. | 175 | 89,502 |
Community Health Systems, Inc. * | 16,345 | 55,246 |
CONMED Corp. | 270 | 30,094 |
Cross Country Healthcare, Inc. * | 521 | 13,421 |
CVS Health Corp. | 46,594 | 3,036,531 |
DaVita, Inc. * | 3,533 | 361,850 |
Dentsply Sirona, Inc. | 4,558 | 169,056 |
DexCom, Inc. * | 280 | 28,274 |
Edwards Lifesciences Corp. * | 2,266 | 173,281 |
Elevance Health, Inc. | 5,001 | 2,210,492 |
Embecta Corp. | 1,494 | 27,385 |
Encompass Health Corp. | 1,893 | 134,479 |
Enhabit, Inc. * | 2,193 | 28,092 |
Enovis Corp. * | 743 | 41,638 |
Envista Holdings Corp. * | 2,394 | 76,656 |
Fulgent Genetics, Inc. * | 211 | 6,912 |
Globus Medical, Inc., Class A * | 542 | 29,322 |
Haemonetics Corp. * | 483 | 43,340 |
HCA Healthcare, Inc. | 3,857 | 1,069,546 |
HealthEquity, Inc. * | 301 | 20,333 |
Henry Schein, Inc. * | 3,181 | 243,474 |
Hologic, Inc. * | 2,531 | 189,167 |
Humana, Inc. | 2,956 | 1,364,578 |
ICU Medical, Inc. * | 234 | 33,937 |
IDEXX Laboratories, Inc. * | 280 | 143,195 |
Insulet Corp. * | 23 | 4,409 |
Integer Holdings Corp. * | 565 | 48,200 |
Integra LifeSciences Holdings Corp. * | 653 | 27,779 |
Intuitive Surgical, Inc. * | 1,141 | 356,768 |
Laboratory Corp. of America Holdings | 1,870 | 389,147 |
LivaNova plc * | 349 | 19,387 |
Masimo Corp. * | 318 | 36,341 |
McKesson Corp. | 1,729 | 712,901 |
Medtronic plc | 23,003 | 1,874,744 |
Merit Medical Systems, Inc. * | 359 | 23,436 |
ModivCare, Inc. * | 286 | 9,181 |
Molina Healthcare, Inc. * | 826 | 256,159 |
Multiplan Corp. * | 23,217 | 39,701 |
National HealthCare Corp. | 233 | 15,366 |
Neogen Corp. * | 1,208 | 27,929 |
NextGen Healthcare, Inc. * | 849 | 15,460 |
NuVasive, Inc. * | 774 | 30,767 |
OmniAb, Inc., Class A *(c) | 52 | 0 |
OmniAb, Inc., Class B *(c) | 52 | 0 |
Omnicell, Inc. * | 386 | 21,948 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
OPKO Health, Inc. * | 9,844 | 18,015 |
Option Care Health, Inc. * | 1,088 | 37,895 |
Orthofix Medical, Inc. * | 684 | 14,473 |
Owens & Minor, Inc. * | 3,720 | 62,868 |
Patterson Cos., Inc. | 3,222 | 96,789 |
Pediatrix Medical Group, Inc. * | 3,881 | 54,839 |
Penumbra, Inc. * | 23 | 6,084 |
Premier, Inc., Class A | 2,551 | 54,923 |
Quest Diagnostics, Inc. | 2,589 | 340,454 |
QuidelOrtho Corp. * | 594 | 48,922 |
RadNet, Inc. * | 568 | 18,977 |
ResMed, Inc. | 646 | 103,095 |
Select Medical Holdings Corp. | 2,571 | 75,099 |
STERIS plc | 722 | 165,764 |
Stryker Corp. | 2,397 | 679,669 |
Teladoc Health, Inc. * | 735 | 16,640 |
Teleflex, Inc. | 445 | 94,669 |
Tenet Healthcare Corp. * | 3,668 | 284,490 |
The Cigna Group | 7,141 | 1,972,773 |
The Cooper Cos., Inc. | 359 | 132,826 |
The Ensign Group, Inc. | 417 | 41,792 |
UnitedHealth Group, Inc. | 11,150 | 5,313,867 |
Universal Health Services, Inc., Class B | 2,915 | 392,650 |
US Physical Therapy, Inc. | 147 | 14,822 |
Varex Imaging Corp. * | 811 | 15,952 |
Veeva Systems, Inc., Class A * | 266 | 55,514 |
Veradigm, Inc. * | 3,653 | 48,877 |
Zimmer Biomet Holdings, Inc. | 2,511 | 299,110 |
Zimvie, Inc. * | 1,456 | 17,181 |
29,209,989 | ||
Household & Personal Products 1.3% | ||
BellRing Brands, Inc. * | 205 | 8,508 |
Central Garden & Pet Co., Class A * | 960 | 39,168 |
Church & Dwight Co., Inc. | 2,622 | 253,731 |
Colgate-Palmolive Co. | 9,538 | 700,757 |
Coty, Inc., Class A * | 5,155 | 59,592 |
Edgewell Personal Care Co. | 1,303 | 50,244 |
Energizer Holdings, Inc. | 1,330 | 45,685 |
Herbalife Ltd. * | 3,976 | 59,720 |
Inter Parfums, Inc. | 137 | 19,143 |
Kimberly-Clark Corp. | 4,703 | 605,887 |
Medifast, Inc. | 246 | 20,748 |
Nu Skin Enterprises, Inc., Class A | 2,341 | 55,926 |
Reynolds Consumer Products, Inc. | 761 | 20,768 |
Spectrum Brands Holdings, Inc. | 1,631 | 135,650 |
The Clorox Co. | 1,492 | 233,423 |
The Estee Lauder Cos., Inc., Class A | 1,474 | 236,621 |
The Procter & Gamble Co. | 28,488 | 4,396,838 |
USANA Health Sciences, Inc. * | 551 | 35,424 |
WD-40 Co. | 127 | 27,288 |
7,005,121 | ||
Insurance 3.2% | ||
Aflac, Inc. | 13,468 | 1,004,309 |
Ambac Financial Group, Inc. * | 1,362 | 17,543 |
American Equity Investment Life Holding Co. | 2,121 | 113,855 |
American Financial Group, Inc. | 1,404 | 162,752 |
American International Group, Inc. | 25,569 | 1,496,298 |
AMERISAFE, Inc. | 474 | 24,553 |
Aon plc, Class A | 2,052 | 684,116 |
Arch Capital Group Ltd. * | 3,598 | 276,542 |
Argo Group International Holdings Ltd. | 1,033 | 30,732 |
Arthur J. Gallagher & Co. | 1,132 | 260,903 |
Assurant, Inc. | 920 | 128,184 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Assured Guaranty Ltd. | 2,176 | 128,036 |
Axis Capital Holdings Ltd. | 1,245 | 68,301 |
Brighthouse Financial, Inc. * | 330 | 16,388 |
Brown & Brown, Inc. | 1,641 | 121,598 |
Chubb Ltd. | 5,973 | 1,199,796 |
Cincinnati Financial Corp. | 2,707 | 286,373 |
CNA Financial Corp. | 817 | 32,133 |
CNO Financial Group, Inc. | 7,979 | 186,709 |
Employers Holdings, Inc. | 804 | 31,541 |
Enstar Group Ltd. * | 211 | 53,444 |
Everest Group Ltd. | 564 | 203,423 |
Fidelity National Financial, Inc. | 6,626 | 274,316 |
First American Financial Corp. | 3,600 | 222,048 |
Genworth Financial, Inc., Class A * | 29,364 | 170,018 |
Globe Life, Inc. | 1,734 | 193,462 |
Horace Mann Educators Corp. | 720 | 20,635 |
James River Group Holdings Ltd. | 928 | 13,512 |
Kemper Corp. | 1,950 | 91,591 |
Lincoln National Corp. | 9,632 | 247,157 |
Loews Corp. | 4,491 | 278,846 |
Markel Group, Inc. * | 167 | 246,980 |
Marsh & McLennan Cos., Inc. | 3,843 | 749,347 |
MBIA, Inc. * | 1,591 | 12,553 |
Mercury General Corp. | 1,237 | 35,391 |
MetLife, Inc. | 18,569 | 1,176,160 |
Old Republic International Corp. | 8,287 | 226,649 |
Primerica, Inc. | 702 | 141,074 |
Principal Financial Group, Inc. | 4,839 | 376,039 |
ProAssurance Corp. | 2,264 | 40,027 |
Prudential Financial, Inc. | 12,129 | 1,148,252 |
Reinsurance Group of America, Inc. | 1,448 | 200,722 |
RenaissanceRe Holdings Ltd. | 532 | 99,957 |
RLI Corp. | 254 | 33,406 |
Safety Insurance Group, Inc. | 387 | 26,653 |
Selective Insurance Group, Inc. | 690 | 68,455 |
SiriusPoint Ltd. * | 2,080 | 23,005 |
Stewart Information Services Corp. | 1,246 | 57,715 |
The Allstate Corp. | 9,320 | 1,004,789 |
The Hanover Insurance Group, Inc. | 890 | 94,981 |
The Hartford Financial Services Group, Inc. | 8,150 | 585,333 |
The Progressive Corp. | 7,036 | 939,095 |
The Travelers Cos., Inc. | 7,726 | 1,245,663 |
United Fire Group, Inc. | 683 | 13,503 |
Universal Insurance Holdings, Inc. | 1,779 | 22,522 |
Unum Group | 6,380 | 313,832 |
W.R. Berkley Corp. | 2,516 | 155,640 |
White Mountains Insurance Group Ltd. | 45 | 71,491 |
Willis Towers Watson plc | 1,306 | 270,029 |
17,418,377 | ||
Materials 3.7% | ||
AdvanSix, Inc. | 794 | 26,265 |
Air Products and Chemicals, Inc. | 2,078 | 614,028 |
Albemarle Corp. | 655 | 130,155 |
Alcoa Corp. | 5,337 | 160,537 |
Alpha Metallurgical Resources, Inc. | 207 | 41,988 |
Alto Ingredients, Inc. * | 8,705 | 31,425 |
American Vanguard Corp. | 655 | 9,052 |
AptarGroup, Inc. | 944 | 125,137 |
Arch Resources, Inc. | 414 | 54,068 |
Ashland, Inc. | 806 | 69,824 |
ATI, Inc. * | 911 | 41,296 |
Avery Dennison Corp. | 1,081 | 203,639 |
Avient Corp. | 1,975 | 79,217 |
Axalta Coating Systems Ltd. * | 3,830 | 108,389 |
Balchem Corp. | 232 | 32,596 |
Ball Corp. | 4,791 | 260,870 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Berry Global Group, Inc. | 3,122 | 203,991 |
Cabot Corp. | 1,017 | 73,692 |
Carpenter Technology Corp. | 1,381 | 86,492 |
Celanese Corp. | 3,250 | 410,670 |
Century Aluminum Co. * | 1,789 | 13,310 |
CF Industries Holdings, Inc. | 2,840 | 218,879 |
Clearwater Paper Corp. * | 826 | 31,628 |
Cleveland-Cliffs, Inc. * | 6,433 | 98,361 |
Coeur Mining, Inc. * | 6,866 | 16,547 |
Commercial Metals Co. | 2,722 | 153,221 |
Compass Minerals International, Inc. | 1,132 | 34,130 |
Constellium SE * | 3,433 | 61,794 |
Corteva, Inc. | 6,431 | 324,830 |
Crown Holdings, Inc. | 2,121 | 196,532 |
Dow, Inc. | 17,163 | 936,413 |
DuPont de Nemours, Inc. | 13,834 | 1,063,696 |
Eagle Materials, Inc. | 591 | 111,888 |
Eastman Chemical Co. | 4,485 | 381,270 |
Ecolab, Inc. | 2,796 | 513,933 |
Ecovyst, Inc. * | 1,734 | 17,756 |
Element Solutions, Inc. | 3,508 | 72,335 |
FMC Corp. | 1,224 | 105,545 |
Freeport-McMoRan, Inc. | 16,424 | 655,482 |
Glatfelter Corp. * | 5,576 | 11,152 |
Graphic Packaging Holding Co. | 6,226 | 138,466 |
Greif, Inc., Class A | 719 | 52,192 |
H.B. Fuller Co. | 964 | 69,919 |
Hawkins, Inc. | 379 | 23,570 |
Hecla Mining Co. | 6,395 | 28,074 |
Huntsman Corp. | 7,123 | 198,518 |
Ingevity Corp. * | 637 | 34,328 |
Innospec, Inc. | 457 | 49,091 |
International Flavors & Fragrances, Inc. | 2,259 | 159,147 |
International Paper Co. | 16,562 | 578,345 |
Kaiser Aluminum Corp. | 624 | 47,374 |
Knife River Corp. * | 1,247 | 64,171 |
Koppers Holdings, Inc. | 889 | 34,040 |
Linde plc | 4,662 | 1,804,380 |
Livent Corp. * | 553 | 11,873 |
Louisiana-Pacific Corp. | 1,966 | 122,836 |
LyondellBasell Industries N.V., Class A | 9,306 | 919,154 |
Martin Marietta Materials, Inc. | 595 | 265,614 |
Materion Corp. | 359 | 39,056 |
Mativ Holdings, Inc. | 2,546 | 41,754 |
Mercer International, Inc. | 2,231 | 20,280 |
Minerals Technologies, Inc. | 885 | 54,073 |
Myers Industries, Inc. | 764 | 14,371 |
NewMarket Corp. | 164 | 77,021 |
Newmont Corp. | 13,510 | 532,564 |
Nucor Corp. | 6,134 | 1,055,661 |
O-I Glass, Inc. * | 6,707 | 133,201 |
Olin Corp. | 2,516 | 145,978 |
Olympic Steel, Inc. | 648 | 34,681 |
Orion S.A. | 1,704 | 38,544 |
Packaging Corp. of America | 2,012 | 299,989 |
Pactiv Evergreen, Inc. | 2,824 | 23,213 |
PPG Industries, Inc. | 4,177 | 592,131 |
Quaker Chemical Corp. | 118 | 20,943 |
Rayonier Advanced Materials, Inc. * | 5,510 | 19,450 |
Reliance Steel & Aluminum Co. | 1,754 | 499,820 |
Royal Gold, Inc. | 411 | 46,069 |
RPM International, Inc. | 1,749 | 174,445 |
Ryerson Holding Corp. | 315 | 9,809 |
Schnitzer Steel Industries, Inc., Class A | 1,613 | 53,552 |
Sealed Air Corp. | 3,267 | 121,075 |
Sensient Technologies Corp. | 779 | 47,994 |
Sonoco Products Co. | 2,526 | 145,119 |
Southern Copper Corp. | 1,077 | 86,871 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Steel Dynamics, Inc. | 4,009 | 427,319 |
Stepan Co. | 579 | 50,529 |
Summit Materials, Inc., Class A * | 2,145 | 80,244 |
SunCoke Energy, Inc. | 4,127 | 38,381 |
Sylvamo Corp. | 2,267 | 94,693 |
The Chemours Co. | 4,680 | 159,214 |
The Mosaic Co. | 6,426 | 249,650 |
The Scotts Miracle-Gro Co. | 1,227 | 69,522 |
The Sherwin-Williams Co. | 1,587 | 431,220 |
TimkenSteel Corp. * | 1,491 | 32,668 |
TriMas Corp. | 890 | 23,318 |
Trinseo plc | 3,439 | 36,213 |
Tronox Holdings plc | 3,833 | 52,282 |
United States Steel Corp. | 11,592 | 360,395 |
Vulcan Materials Co. | 1,203 | 262,555 |
Warrior Met Coal, Inc. | 2,695 | 106,614 |
Westlake Corp. | 695 | 91,031 |
Westrock Co. | 14,567 | 476,487 |
Worthington Industries, Inc. | 1,151 | 86,636 |
19,839,760 | ||
Media & Entertainment 6.9% | ||
Activision Blizzard, Inc. | 5,982 | 550,284 |
Alphabet, Inc., Class A * | 46,646 | 6,351,786 |
Alphabet, Inc., Class C * | 42,323 | 5,813,064 |
AMC Entertainment Holdings, Inc., Class A *(a) | 346 | 4,345 |
AMC Networks, Inc., Class A * | 3,995 | 46,502 |
Bumble, Inc., Class A * | 771 | 12,937 |
Cable One, Inc. | 83 | 53,997 |
Cargurus, Inc. * | 450 | 8,150 |
Cars.com, Inc. * | 1,045 | 19,531 |
Charter Communications, Inc., Class A * | 4,629 | 2,028,058 |
Cinemark Holdings, Inc. * | 4,348 | 70,785 |
Clear Channel Outdoor Holdings, Inc. * | 43,402 | 62,933 |
Comcast Corp., Class A | 116,362 | 5,441,087 |
DISH Network Corp., Class A * | 17,742 | 106,452 |
Electronic Arts, Inc. | 3,280 | 393,534 |
Fox Corp., Class A | 11,158 | 368,884 |
Gannett Co., Inc. * | 12,055 | 35,080 |
Gray Television, Inc. | 4,916 | 39,623 |
IAC, Inc. * | 865 | 47,860 |
iHeartMedia, Inc., Class A * | 11,227 | 40,529 |
John Wiley & Sons, Inc., Class A | 1,101 | 40,913 |
Liberty Broadband Corp., Class C * | 91 | 8,514 |
Liberty Media Corp.-Liberty Formula One, Class C * | 770 | 52,968 |
Liberty Media Corp.-Liberty Live, Class C * | 2,654 | 89,307 |
Liberty Media Corp.-Liberty SiriusXM, Class C * | 10,450 | 255,398 |
Lions Gate Entertainment Corp., Class A * | 5,919 | 46,878 |
Madison Square Garden Entertainment Corp. * | 330 | 10,590 |
Match Group, Inc. * | 1,349 | 63,228 |
Meta Platforms, Inc., Class A * | 33,538 | 9,923,559 |
Netflix, Inc. * | 1,382 | 599,346 |
News Corp., Class A | 10,573 | 227,214 |
Nexstar Media Group, Inc., Class A | 789 | 128,449 |
Omnicom Group, Inc. | 4,571 | 370,297 |
Paramount Global, Class B | 33,234 | 501,501 |
Pinterest, Inc., Class A * | 1,241 | 34,115 |
Roku, Inc. * | 366 | 29,719 |
Scholastic Corp. | 816 | 35,455 |
Shutterstock, Inc. | 243 | 10,233 |
Sinclair, Inc. | 1,567 | 19,776 |
Sirius XM Holdings, Inc. | 12,379 | 54,468 |
Sphere Entertainment Co. * | 316 | 11,079 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Spotify Technology S.A. * | 654 | 100,696 |
Taboola.com Ltd. * | 2,056 | 7,710 |
Take-Two Interactive Software, Inc. * | 1,181 | 167,938 |
TEGNA, Inc. | 5,507 | 91,031 |
The E.W. Scripps Co., Class A * | 2,008 | 15,341 |
The Interpublic Group of Cos., Inc. | 6,320 | 206,095 |
The New York Times Co., Class A | 1,756 | 77,738 |
The Trade Desk, Inc., Class A * | 290 | 23,209 |
The Walt Disney Co. * | 24,871 | 2,081,205 |
Thryv Holdings, Inc. * | 769 | 15,680 |
TripAdvisor, Inc. * | 2,103 | 31,776 |
Warner Bros Discovery, Inc. * | 30,814 | 404,896 |
WideOpenWest, Inc. * | 1,642 | 13,300 |
World Wrestling Entertainment, Inc., Class A | 241 | 23,269 |
Yelp, Inc. * | 1,713 | 73,402 |
Ziff Davis, Inc. * | 798 | 53,187 |
ZoomInfo Technologies, Inc. * | 335 | 6,037 |
37,400,938 | ||
Pharmaceuticals, Biotechnology & Life Sciences 5.5% | ||
AbbVie, Inc. | 15,706 | 2,308,154 |
Agilent Technologies, Inc. | 2,104 | 254,731 |
Alkermes plc * | 768 | 22,418 |
Amgen, Inc. | 9,355 | 2,398,061 |
Avantor, Inc. * | 3,661 | 79,261 |
Azenta, Inc. * | 487 | 27,481 |
Biogen, Inc. * | 2,903 | 776,146 |
BioMarin Pharmaceutical, Inc. * | 441 | 40,299 |
Bio-Rad Laboratories, Inc., Class A * | 156 | 62,431 |
Bio-Techne Corp. | 541 | 42,414 |
Bristol-Myers Squibb Co. | 24,625 | 1,518,131 |
Bruker Corp. | 734 | 48,150 |
Catalent, Inc. * | 1,561 | 78,003 |
Charles River Laboratories International, Inc. * | 352 | 72,801 |
Corcept Therapeutics, Inc. * | 695 | 22,747 |
Danaher Corp. | 2,985 | 791,025 |
Elanco Animal Health, Inc. * | 6,117 | 74,627 |
Eli Lilly & Co. | 2,501 | 1,386,054 |
Emergent BioSolutions, Inc. * | 3,303 | 15,491 |
Exact Sciences Corp. * | 291 | 24,348 |
Exelixis, Inc. * | 2,522 | 56,468 |
Fortrea Holdings, Inc. * | 1,857 | 51,160 |
Gilead Sciences, Inc. | 27,063 | 2,069,778 |
Halozyme Therapeutics, Inc. * | 207 | 8,810 |
Horizon Therapeutics plc * | 738 | 83,202 |
ICON plc * | 485 | 126,071 |
Illumina, Inc. * | 882 | 145,724 |
Incyte Corp. * | 759 | 48,978 |
Innoviva, Inc. * | 1,017 | 12,967 |
IQVIA Holdings, Inc. * | 2,037 | 453,497 |
Jazz Pharmaceuticals plc * | 864 | 123,863 |
Johnson & Johnson | 32,908 | 5,320,565 |
Medpace Holdings, Inc. * | 113 | 30,541 |
Merck & Co., Inc. | 27,767 | 3,026,048 |
Mettler-Toledo International, Inc. * | 124 | 150,472 |
Moderna, Inc. * | 714 | 80,732 |
Myriad Genetics, Inc. * | 1,048 | 18,707 |
Neurocrine Biosciences, Inc. * | 102 | 11,107 |
Organon & Co. | 7,620 | 167,335 |
Perrigo Co., plc | 4,785 | 167,475 |
Pfizer, Inc. | 97,984 | 3,466,674 |
Prestige Consumer Healthcare, Inc. * | 667 | 38,906 |
Regeneron Pharmaceuticals, Inc. * | 766 | 633,091 |
Repligen Corp. * | 43 | 7,478 |
Revvity, Inc. | 941 | 110,125 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Royalty Pharma plc, Class A | 1,888 | 56,300 |
Seagen, Inc. * | 154 | 31,735 |
Supernus Pharmaceuticals, Inc. * | 496 | 15,793 |
Syneos Health, Inc. * | 2,328 | 99,475 |
Thermo Fisher Scientific, Inc. | 2,287 | 1,274,088 |
United Therapeutics Corp. * | 441 | 98,943 |
Vertex Pharmaceuticals, Inc. * | 788 | 274,492 |
Viatris, Inc. | 42,894 | 461,111 |
Waters Corp. * | 610 | 171,288 |
West Pharmaceutical Services, Inc. | 323 | 131,429 |
Zoetis, Inc. | 2,345 | 446,746 |
29,513,947 | ||
Real Estate Management & Development 0.3% | ||
Anywhere Real Estate, Inc. * | 16,565 | 108,667 |
CBRE Group, Inc., Class A * | 5,607 | 476,875 |
CoStar Group, Inc. * | 903 | 74,037 |
Cushman & Wakefield plc * | 4,220 | 38,782 |
DigitalBridge Group, Inc. | 8,424 | 146,746 |
Douglas Elliman, Inc. | 2,012 | 5,050 |
eXp World Holdings, Inc. | 555 | 10,667 |
Howard Hughes Holdings, Inc. * | 386 | 30,359 |
Jones Lang LaSalle, Inc. * | 1,869 | 322,963 |
Kennedy-Wilson Holdings, Inc. | 2,531 | 40,420 |
Marcus & Millichap, Inc. | 535 | 17,816 |
Newmark Group, Inc., Class A | 3,688 | 26,148 |
Opendoor Technologies, Inc. * | 6,708 | 26,161 |
The RMR Group, Inc., Class A | 255 | 6,446 |
Zillow Group, Inc., Class C * | 1,047 | 54,612 |
1,385,749 | ||
Semiconductors & Semiconductor Equipment 4.6% | ||
Advanced Micro Devices, Inc. * | 4,825 | 510,099 |
Amkor Technology, Inc. | 2,678 | 74,877 |
Analog Devices, Inc. | 2,836 | 515,528 |
Applied Materials, Inc. | 10,205 | 1,558,916 |
Axcelis Technologies, Inc. * | 167 | 32,089 |
Broadcom, Inc. | 3,190 | 2,944,019 |
Cirrus Logic, Inc. * | 1,023 | 83,927 |
Cohu, Inc. * | 256 | 9,572 |
Diodes, Inc. * | 611 | 50,010 |
Enphase Energy, Inc. * | 57 | 7,212 |
Entegris, Inc. | 1,045 | 105,827 |
First Solar, Inc. * | 621 | 117,444 |
FormFactor, Inc. * | 852 | 30,093 |
GLOBALFOUNDRIES, Inc. * | 178 | 9,835 |
Ichor Holdings Ltd. * | 589 | 21,575 |
Intel Corp. | 209,032 | 7,345,385 |
KLA Corp. | 889 | 446,162 |
Kulicke & Soffa Industries, Inc. | 867 | 44,850 |
Lam Research Corp. | 1,388 | 974,931 |
Lattice Semiconductor Corp. * | 201 | 19,549 |
Magnachip Semiconductor Corp. * | 1,034 | 8,500 |
Marvell Technology, Inc. | 3,410 | 198,633 |
Microchip Technology, Inc. | 3,593 | 294,051 |
Micron Technology, Inc. | 27,503 | 1,923,560 |
MKS Instruments, Inc. | 1,023 | 102,535 |
Monolithic Power Systems, Inc. | 92 | 47,951 |
NVIDIA Corp. | 3,907 | 1,928,300 |
NXP Semiconductors N.V. | 2,872 | 590,828 |
ON Semiconductor Corp. * | 2,522 | 248,316 |
Onto Innovation, Inc. * | 249 | 34,606 |
Photronics, Inc. * | 1,416 | 33,644 |
Power Integrations, Inc. | 398 | 33,440 |
Qorvo, Inc. * | 2,472 | 265,468 |
QUALCOMM, Inc. | 16,057 | 1,839,008 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Semtech Corp. * | 1,059 | 27,693 |
Silicon Laboratories, Inc. * | 327 | 44,099 |
Skyworks Solutions, Inc. | 3,173 | 345,032 |
SMART Global Holdings, Inc. * | 1,013 | 26,166 |
SolarEdge Technologies, Inc. * | 104 | 16,907 |
Synaptics, Inc. * | 446 | 39,043 |
Teradyne, Inc. | 1,824 | 196,755 |
Texas Instruments, Inc. | 9,417 | 1,582,621 |
Ultra Clean Holdings, Inc. * | 859 | 30,202 |
Universal Display Corp. | 196 | 31,862 |
Wolfspeed, Inc. * | 353 | 16,880 |
24,808,000 | ||
Software & Services 5.5% | ||
Accenture plc, Class A | 5,541 | 1,794,010 |
ACI Worldwide, Inc. * | 1,751 | 42,514 |
Adobe, Inc. * | 2,357 | 1,318,364 |
Akamai Technologies, Inc. * | 2,178 | 228,886 |
Alarm.com Holdings, Inc. * | 257 | 15,053 |
Amdocs Ltd. | 2,480 | 221,216 |
ANSYS, Inc. * | 381 | 121,489 |
AppLovin Corp., Class A * | 585 | 25,284 |
Autodesk, Inc. * | 584 | 129,613 |
Bentley Systems, Inc., Class B | 630 | 31,443 |
Black Knight, Inc. * | 1,001 | 75,836 |
Blackbaud, Inc. * | 358 | 27,247 |
Cadence Design Systems, Inc. * | 805 | 193,554 |
Cerence, Inc. * | 982 | 25,630 |
Check Point Software Technologies Ltd. * | 1,358 | 182,773 |
Cognizant Technology Solutions Corp., Class A | 14,435 | 1,033,690 |
CommVault Systems, Inc. * | 521 | 35,590 |
Consensus Cloud Solutions, Inc. * | 356 | 11,367 |
Dolby Laboratories, Inc., Class A | 738 | 62,339 |
Dropbox, Inc., Class A * | 2,760 | 76,700 |
DXC Technology Co. * | 10,330 | 214,244 |
Ebix, Inc. | 1,157 | 19,322 |
Envestnet, Inc. * | 381 | 20,814 |
EPAM Systems, Inc. * | 243 | 62,935 |
Fair Isaac Corp. * | 113 | 102,219 |
Fortinet, Inc. * | 1,646 | 99,106 |
Gartner, Inc. * | 327 | 114,345 |
Gen Digital, Inc. | 9,177 | 185,834 |
Globant S.A. * | 128 | 26,172 |
GoDaddy, Inc., Class A * | 946 | 68,594 |
Guidewire Software, Inc. * | 257 | 22,213 |
InterDigital, Inc. | 671 | 58,182 |
International Business Machines Corp. | 20,744 | 3,045,842 |
Intuit, Inc. | 1,120 | 606,827 |
Kyndryl Holdings, Inc. * | 29,309 | 494,736 |
LiveRamp Holdings, Inc. * | 1,779 | 57,533 |
Manhattan Associates, Inc. * | 284 | 57,544 |
Microsoft Corp. | 40,752 | 13,356,875 |
NCR Corp. * | 4,952 | 152,324 |
Oracle Corp. | 23,670 | 2,849,631 |
Palantir Technologies, Inc., Class A * | 945 | 14,156 |
Palo Alto Networks, Inc. * | 643 | 156,442 |
Pegasystems, Inc. | 411 | 20,410 |
Perficient, Inc. * | 255 | 16,266 |
Progress Software Corp. | 457 | 27,804 |
PTC, Inc. * | 267 | 39,294 |
Qualys, Inc. * | 151 | 23,503 |
Rackspace Technology, Inc. * | 4,359 | 10,898 |
RingCentral, Inc., Class A * | 1,161 | 35,910 |
Roper Technologies, Inc. | 616 | 307,421 |
Salesforce, Inc. * | 3,052 | 675,896 |
ServiceNow, Inc. * | 131 | 77,137 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Snowflake, Inc., Class A * | 42 | 6,588 |
Splunk, Inc. * | 567 | 68,754 |
SPS Commerce, Inc. * | 40 | 7,445 |
Synopsys, Inc. * | 411 | 188,604 |
Teradata Corp. * | 1,918 | 88,746 |
Twilio, Inc., Class A * | 524 | 33,384 |
Tyler Technologies, Inc. * | 126 | 50,202 |
Unisys Corp. * | 4,857 | 19,574 |
Verint Systems, Inc. * | 474 | 15,353 |
VeriSign, Inc. * | 474 | 98,492 |
VMware, Inc., Class A * | 2,924 | 493,513 |
Workday, Inc., Class A * | 200 | 48,900 |
Zoom Video Communications, Inc., Class A * | 565 | 40,132 |
29,832,714 | ||
Technology Hardware & Equipment 7.3% | ||
ADTRAN Holdings, Inc. | 1,079 | 9,225 |
Advanced Energy Industries, Inc. | 387 | 45,693 |
Amphenol Corp., Class A | 4,446 | 392,937 |
Apple Inc. | 121,948 | 22,910,379 |
Arista Networks, Inc. * | 720 | 140,566 |
Arrow Electronics, Inc. * | 3,740 | 499,028 |
Avnet, Inc. | 9,190 | 466,393 |
Badger Meter, Inc. | 189 | 31,389 |
Belden, Inc. | 651 | 61,129 |
Benchmark Electronics, Inc. | 2,660 | 68,468 |
CDW Corp. | 1,610 | 339,952 |
Ciena Corp. * | 2,419 | 120,902 |
Cisco Systems, Inc. | 90,177 | 5,171,651 |
Cognex Corp. | 1,326 | 62,428 |
Coherent Corp. * | 1,651 | 62,127 |
CommScope Holding Co., Inc. * | 9,464 | 31,610 |
Comtech Telecommunications Corp. | 1,470 | 14,774 |
Corning, Inc. | 19,110 | 627,190 |
Crane NXT Co. | 710 | 42,146 |
CTS Corp. | 424 | 18,932 |
ePlus, Inc. * | 778 | 51,644 |
F5, Inc. * | 976 | 159,732 |
Fabrinet * | 448 | 72,025 |
Flex Ltd. * | 14,121 | 389,598 |
Hewlett Packard Enterprise Co. | 68,869 | 1,170,084 |
HP, Inc. | 30,763 | 913,969 |
Insight Enterprises, Inc. * | 903 | 144,561 |
IPG Photonics Corp. * | 576 | 62,415 |
Itron, Inc. * | 706 | 48,297 |
Jabil, Inc. | 3,824 | 437,542 |
Juniper Networks, Inc. | 8,897 | 259,081 |
Keysight Technologies, Inc. * | 794 | 105,840 |
Knowles Corp. * | 2,025 | 32,461 |
Littelfuse, Inc. | 262 | 69,975 |
Lumentum Holdings, Inc. * | 819 | 44,332 |
Methode Electronics, Inc. | 881 | 28,412 |
Motorola Solutions, Inc. | 982 | 278,466 |
National Instruments Corp. | 1,594 | 95,002 |
NetApp, Inc. | 4,775 | 366,243 |
NETGEAR, Inc. * | 1,670 | 22,011 |
NetScout Systems, Inc. * | 1,601 | 45,837 |
Novanta, Inc. * | 115 | 19,203 |
OSI Systems, Inc. * | 339 | 46,223 |
PC Connection, Inc. | 645 | 34,262 |
Plexus Corp. * | 764 | 77,584 |
Pure Storage, Inc., Class A * | 461 | 16,868 |
Rogers Corp. * | 241 | 34,827 |
Sanmina Corp. * | 2,750 | 153,175 |
ScanSource, Inc. * | 1,905 | 62,446 |
Seagate Technology Holdings plc | 6,574 | 465,373 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Stratasys Ltd. * | 1,145 | 16,832 |
Super Micro Computer, Inc. * | 677 | 186,229 |
TD SYNNEX Corp. | 843 | 85,775 |
TE Connectivity Ltd. | 4,248 | 562,393 |
Teledyne Technologies, Inc. * | 273 | 114,196 |
Trimble, Inc. * | 2,193 | 120,154 |
TTM Technologies, Inc. * | 4,623 | 68,883 |
ViaSat, Inc. * | 1,555 | 43,136 |
Viavi Solutions, Inc. * | 2,803 | 29,291 |
Vishay Intertechnology, Inc. | 4,064 | 111,516 |
Vontier Corp. | 3,269 | 102,679 |
Western Digital Corp. * | 14,994 | 674,730 |
Xerox Holdings Corp. | 11,906 | 189,186 |
Zebra Technologies Corp., Class A * | 482 | 132,555 |
39,261,962 | ||
Telecommunication Services 2.6% | ||
AT&T, Inc. | 404,244 | 5,978,769 |
ATN International, Inc. | 349 | 12,518 |
Cogent Communications Holdings, Inc. | 467 | 32,961 |
Consolidated Communications Holdings, Inc. * | 7,567 | 29,890 |
EchoStar Corp., Class A * | 2,072 | 36,011 |
Frontier Communications Parent, Inc. * | 2,733 | 43,783 |
GCI Liberty, Inc. *(c) | 188 | 34 |
Iridium Communications, Inc. | 550 | 26,922 |
Liberty Global plc, Class C * | 25,350 | 502,944 |
Liberty Latin America Ltd., Class A * | 635 | 5,677 |
Liberty Latin America Ltd., Class C * | 10,643 | 95,361 |
Lumen Technologies, Inc. * | 208,511 | 331,532 |
Shenandoah Telecommunications Co. | 1,289 | 29,312 |
Telephone and Data Systems, Inc. | 12,577 | 270,280 |
T-Mobile US, Inc. * | 6,135 | 835,894 |
Verizon Communications, Inc. | 166,147 | 5,811,822 |
14,043,710 | ||
Transportation 2.1% | ||
Air Transport Services Group, Inc. * | 1,644 | 35,445 |
Alaska Air Group, Inc. * | 908 | 38,109 |
American Airlines Group, Inc. * | 6,035 | 88,895 |
ArcBest Corp. | 799 | 84,366 |
Avis Budget Group, Inc. * | 922 | 196,745 |
C.H. Robinson Worldwide, Inc. | 3,358 | 303,664 |
Costamare, Inc. | 1,543 | 15,908 |
Covenant Logistics Group, Inc. | 427 | 20,996 |
CSX Corp. | 36,398 | 1,099,220 |
Danaos Corp. | 250 | 16,780 |
Daseke, Inc. * | 8,441 | 44,737 |
Delta Air Lines, Inc. | 4,273 | 183,226 |
Expeditors International of Washington, Inc. | 2,853 | 332,974 |
FedEx Corp. | 7,212 | 1,882,476 |
Forward Air Corp. | 449 | 31,798 |
Genco Shipping & Trading Ltd. | 431 | 5,892 |
Golden Ocean Group Ltd. | 2,591 | 18,940 |
GXO Logistics, Inc. * | 2,306 | 147,515 |
Heartland Express, Inc. | 1,357 | 20,477 |
Hub Group, Inc., Class A * | 1,029 | 80,303 |
J.B. Hunt Transport Services, Inc. | 1,269 | 238,420 |
JetBlue Airways Corp. * | 4,925 | 29,156 |
Kirby Corp. * | 955 | 79,103 |
Knight-Swift Transportation Holdings, Inc. | 3,374 | 184,963 |
Landstar System, Inc. | 739 | 140,269 |
Lyft, Inc., Class A * | 2,367 | 27,883 |
Marten Transport Ltd. | 1,339 | 28,119 |
Matson, Inc. | 234 | 20,564 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Norfolk Southern Corp. | 4,182 | 857,352 |
Old Dominion Freight Line, Inc. | 700 | 299,159 |
RXO, Inc. * | 3,120 | 56,410 |
Ryder System, Inc. | 2,895 | 291,526 |
Saia, Inc. * | 239 | 101,862 |
Schneider National, Inc., Class B | 1,928 | 55,738 |
SkyWest, Inc. * | 1,162 | 52,406 |
Southwest Airlines Co. | 4,560 | 144,096 |
Spirit Airlines, Inc. | 784 | 12,936 |
Star Bulk Carriers Corp. | 601 | 10,572 |
Uber Technologies, Inc. * | 4,098 | 193,548 |
U-Haul Holding Co.,Non Voting | 1,341 | 71,395 |
Union Pacific Corp. | 10,067 | 2,220,478 |
United Airlines Holdings, Inc. * | 2,833 | 141,112 |
United Parcel Service, Inc., Class B | 7,437 | 1,259,828 |
Werner Enterprises, Inc. | 2,265 | 94,247 |
XPO, Inc. * | 2,198 | 164,037 |
ZIM Integrated Shipping Services Ltd. (a) | 4,155 | 50,151 |
11,473,796 | ||
Utilities 3.1% | ||
ALLETE, Inc. | 1,154 | 63,355 |
Alliant Energy Corp. | 3,623 | 181,766 |
Ameren Corp. | 3,937 | 312,086 |
American Electric Power Co., Inc. | 8,821 | 691,566 |
American States Water Co. | 280 | 23,579 |
American Water Works Co., Inc. | 1,639 | 227,395 |
Atlantica Sustainable Infrastructure plc | 1,478 | 33,181 |
Atmos Energy Corp. | 1,560 | 180,882 |
Avangrid, Inc. | 1,348 | 46,506 |
Avista Corp. | 1,708 | 56,859 |
Black Hills Corp. | 1,338 | 73,590 |
California Water Service Group | 542 | 27,236 |
CenterPoint Energy, Inc. | 10,771 | 300,403 |
Chesapeake Utilities Corp. | 190 | 20,919 |
Clearway Energy, Inc., Class C | 1,143 | 28,312 |
CMS Energy Corp. | 4,923 | 276,623 |
Consolidated Edison, Inc. | 7,041 | 626,367 |
Constellation Energy Corp. | 2,020 | 210,403 |
Dominion Energy, Inc. | 15,618 | 758,098 |
DTE Energy Co. | 3,563 | 368,343 |
Duke Energy Corp. | 15,505 | 1,376,844 |
Edison International | 7,449 | 512,864 |
Entergy Corp. | 4,271 | 406,813 |
Essential Utilities, Inc. | 1,769 | 65,276 |
Evergy, Inc. | 6,302 | 346,421 |
Eversource Energy | 5,624 | 358,924 |
Exelon Corp. | 23,872 | 957,745 |
FirstEnergy Corp. | 13,230 | 477,206 |
Hawaiian Electric Industries, Inc. | 2,217 | 31,082 |
IDACORP, Inc. | 728 | 69,772 |
MGE Energy, Inc. | 423 | 30,638 |
National Fuel Gas Co. | 1,486 | 79,858 |
New Jersey Resources Corp. | 1,401 | 59,080 |
NextEra Energy, Inc. | 16,293 | 1,088,372 |
NiSource, Inc. | 7,238 | 193,689 |
Northwest Natural Holding Co. | 650 | 25,532 |
NorthWestern Corp. | 1,262 | 63,605 |
NRG Energy, Inc. | 8,008 | 300,700 |
OGE Energy Corp. | 3,870 | 131,774 |
ONE Gas, Inc. | 921 | 66,745 |
Ormat Technologies, Inc. | 416 | 31,591 |
Otter Tail Corp. | 552 | 45,468 |
PG&E Corp. * | 9,835 | 160,311 |
Pinnacle West Capital Corp. | 2,863 | 221,224 |
PNM Resources, Inc. | 1,548 | 68,592 |
Portland General Electric Co. | 2,022 | 88,685 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
PPL Corp. | 20,691 | 515,620 |
Public Service Enterprise Group, Inc. | 8,702 | 531,518 |
ReNew Energy Global PLC, Class A * | 1,512 | 9,223 |
Sempra | 7,528 | 528,616 |
SJW Group | 275 | 18,084 |
Southwest Gas Holdings, Inc. | 1,592 | 98,593 |
Spire, Inc. | 1,067 | 62,323 |
The AES Corp. | 15,499 | 277,897 |
The Southern Co. | 18,637 | 1,262,284 |
UGI Corp. | 6,675 | 168,076 |
Unitil Corp. | 336 | 16,404 |
Vistra Corp. | 14,820 | 465,644 |
WEC Energy Group, Inc. | 4,435 | 373,072 |
Xcel Energy, Inc. | 8,588 | 490,632 |
16,584,266 | ||
Total Common Stocks (Cost $433,399,096) | 538,719,073 | |
INVESTMENT COMPANIES 0.0% OF NET ASSETS | ||
Equity Funds 0.0% | ||
iShares Core S&P Total U.S. Stock Market ETF | 4,000 | 397,640 |
Total Investment Companies (Cost $359,248) | 397,640 |
SHORT-TERM INVESTMENTS 0.1% OF NET ASSETS | ||
Money Market Funds 0.1% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (e) | 277,417 | 277,417 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (e)(f) | 168,328 | 168,328 |
445,745 | ||
Total Short-Term Investments (Cost $445,745) | 445,745 | |
Total Investments in Securities (Cost $434,204,089) | 539,562,458 |
NUMBER OF CONTRACTS | NOTIONAL AMOUNT ($) | CURRENT VALUE/ UNREALIZED APPRECIATION ($) | |
FUTURES CONTRACTS | |||
Long | |||
S&P 500 Index, e-mini, expires 09/15/23 | 6 | 1,354,800 | 17,989 |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $166,217. |
(b) | On October 15, 2023, the issuer filed for bankruptcy. |
(c) | Fair valued using significant unobservable inputs (see financial note 2(a), Securities for which no quoted value is available, for additional information). |
(d) | Issuer is affiliated with the fund’s investment adviser. |
(e) | The rate shown is the annualized 7-day yield. |
(f) | Security purchased with cash collateral received for securities on loan. |
ETF — | Exchange-traded fund |
REIT — | Real Estate Investment Trust |
SECURITY | VALUE AT 2/28/23 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | VALUE AT 8/31/23 | BALANCE OF SHARES HELD AT 8/31/23 | DIVIDENDS RECEIVED |
COMMON STOCKS 0.1% OF NET ASSETS | ||||||||
Financial Services 0.1% | ||||||||
The Charles Schwab Corp. | $446,326 | $86,913 | ($8,354 ) | ($15 ) | ($104,313 ) | $420,557 | 7,110 | $3,279 |
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 Stocks1 | $454,211,284 | $— | $— | $454,211,284 |
Financial Services | 41,234,268 | — | 19,822 | 41,254,090 |
Health Care Equipment & Services | 29,209,989 | — | 0 * | 29,209,989 |
Telecommunication Services | 14,043,676 | — | 34 | 14,043,710 |
Investment Companies1 | 397,640 | — | — | 397,640 |
Short-Term Investments1 | 445,745 | — | — | 445,745 |
Futures Contracts2 | 17,989 | — | — | 17,989 |
Total | $539,560,591 | $— | $19,856 | $539,580,447 |
* | Level 3 amount shown includes securities determined to have no value at August 31, 2023. |
1 | As categorized in the Portfolio Holdings. |
2 | Futures contracts are reported at cumulative unrealized appreciation or depreciation. |
Assets | ||
Investments in securities, at value - affiliated (cost $369,055) | $420,557 | |
Investments in securities, at value - unaffiliated (cost $433,835,034) including securities on loan of $166,217 | 539,141,901 | |
Cash | 4,231 | |
Deposit with broker for futures contracts | 77,200 | |
Receivables: | ||
Fund shares sold | 2,874,858 | |
Dividends | 1,168,389 | |
Investments sold | 10,694 | |
Income from securities on loan | + | 6,968 |
Total assets | 543,704,798 | |
Liabilities | ||
Collateral held for securities on loan | 168,328 | |
Payables: | ||
Investments bought | 2,947,179 | |
Management fees | 112,979 | |
Variation margin on futures contracts | + | 3,187 |
Total liabilities | 3,231,673 | |
Net assets | $540,473,125 | |
Net Assets by Source | ||
Capital received from investors | $450,869,072 | |
Total distributable earnings | + | 89,604,053 |
Net assets | $540,473,125 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$540,473,125 | 9,400,000 | $57.50 | ||
For the period March 1, 2023 through August 31, 2023; unaudited | ||
Investment Income | ||
Dividends received from securities - unaffiliated (net of foreign withholding tax of $3,743) | $5,849,967 | |
Dividends received from securities - affiliated | 3,279 | |
Securities on loan, net | + | 18,233 |
Total investment income | 5,871,479 | |
Expenses | ||
Management fees | 628,382 | |
Total expenses | – | 628,382 |
Net investment income | 5,243,097 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - affiliated | (2,086 ) | |
Net realized losses on sales of securities - unaffiliated | (2,205,084 ) | |
Net realized gains on sales of in-kind redemptions - affiliated | 2,071 | |
Net realized gains on sales of in-kind redemptions - unaffiliated | 7,459,501 | |
Net realized gains on futures contracts | + | 45,935 |
Net realized gains | 5,300,337 | |
Net change in unrealized appreciation (depreciation) on securities - affiliated | (104,313 ) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | 22,561,083 | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | 29,751 |
Net change in unrealized appreciation (depreciation) | + | 22,486,521 |
Net realized and unrealized gains | 27,786,858 | |
Increase in net assets resulting from operations | $33,029,955 |
OPERATIONS | |||
3/1/23-8/31/23 | 3/1/22-2/28/23 | ||
Net investment income | $5,243,097 | $9,113,094 | |
Net realized gains | 5,300,337 | 16,436,928 | |
Net change in unrealized appreciation (depreciation) | + | 22,486,521 | (31,684,296 ) |
Increase (decrease) in net assets resulting from operations | $33,029,955 | ($6,134,274 ) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($4,679,250 ) | ($8,668,580 ) |
TRANSACTIONS IN FUND SHARES | |||||
3/1/23-8/31/23 | 3/1/22-2/28/23 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 700,000 | $39,375,122 | 2,300,000 | $122,514,839 | |
Shares redeemed | + | (250,000 ) | (13,532,622 ) | (900,000 ) | (46,772,595 ) |
Net transactions in fund shares | 450,000 | $25,842,500 | 1,400,000 | $75,742,244 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
3/1/23-8/31/23 | 3/1/22-2/28/23 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 8,950,000 | $486,279,920 | 7,550,000 | $425,340,530 | |
Total increase | + | 450,000 | 54,193,205 | 1,400,000 | 60,939,390 |
End of period | 9,400,000 | $540,473,125 | 8,950,000 | $486,279,920 |
3/1/23– 8/31/23* | 3/1/22– 2/28/23 | 3/1/21– 2/28/22 | 3/1/20– 2/28/21 | 3/1/19– 2/29/20 | 3/1/18– 2/28/19 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $54.91 | $56.98 | $48.49 | $37.67 | $37.83 | $37.20 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.59 | 1.12 | 1.02 | 0.98 | 0.99 | 0.87 |
Net realized and unrealized gains (losses) | 3.41 | (2.09 ) | 8.43 | 10.88 | (0.20 ) | 0.57 |
Total from investment operations | 4.00 | (0.97 ) | 9.45 | 11.86 | 0.79 | 1.44 |
Less distributions: | ||||||
Distributions from net investment income | (0.54 ) | (1.10 ) | (0.96 ) | (1.04 ) | (0.95 ) | (0.81 ) |
Net asset value at end of period | $58.37 | $54.91 | $56.98 | $48.49 | $37.67 | $37.83 |
Total return | 7.35 %2 | (1.61 %) | 19.61 % | 32.40 % | 1.98 % | 3.92 % |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.25 %3 | 0.25 %4 | 0.25 % | 0.25 % | 0.25 % | 0.25 % |
Net investment income (loss) | 2.11 %3 | 2.07 % | 1.84 % | 2.49 % | 2.47 % | 2.33 % |
Portfolio turnover rate5 | 5 %2 | 12 % | 11 % | 13 % | 12 % | 11 % |
Net assets, end of period (x 1,000,000) | $11,899 | $10,373 | $9,889 | $5,863 | $5,558 | $4,596 |
* | Unaudited. |
1 | Calculated based on the average shares outstanding during the period. |
2 | Not annualized. |
3 | Annualized. |
4 | Ratio includes less than 0.005% of non-routine proxy expenses. |
5 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY | NUMBER OF SHARES | VALUE ($) |
COMMON STOCKS 99.7% OF NET ASSETS | ||
Automobiles & Components 1.5% | ||
Adient plc * | 76,565 | 2,999,051 |
Aptiv plc * | 95,979 | 9,737,070 |
Autoliv, Inc. | 55,367 | 5,403,819 |
BorgWarner, Inc. | 181,566 | 7,398,814 |
Dana, Inc. | 190,922 | 3,075,753 |
Ford Motor Co. | 3,512,684 | 42,608,857 |
General Motors Co. | 1,834,437 | 61,471,984 |
Gentex Corp. | 144,304 | 4,712,969 |
Harley-Davidson, Inc. | 82,834 | 2,795,647 |
Lear Corp. | 70,343 | 10,135,723 |
Phinia, Inc. * | 36,190 | 1,006,082 |
Tesla, Inc. * | 54,734 | 14,125,751 |
The Goodyear Tire & Rubber Co. * | 555,997 | 7,177,921 |
Thor Industries, Inc. | 48,956 | 5,131,568 |
177,781,009 | ||
Banks 6.2% | ||
Bank of America Corp. | 4,074,052 | 116,803,071 |
Citigroup, Inc. | 2,691,569 | 111,134,884 |
Citizens Financial Group, Inc. | 312,096 | 8,779,260 |
Comerica, Inc. | 109,369 | 5,261,743 |
Credicorp Ltd. | 38,873 | 5,497,808 |
East West Bancorp, Inc. | 41,135 | 2,276,411 |
Fifth Third Bancorp | 386,856 | 10,271,027 |
First Horizon Corp. | 150,999 | 1,895,037 |
Huntington Bancshares, Inc. | 519,318 | 5,759,237 |
JPMorgan Chase & Co. | 1,584,383 | 231,842,764 |
KeyCorp | 602,744 | 6,829,090 |
M&T Bank Corp. | 83,486 | 10,439,924 |
New York Community Bancorp, Inc. | 344,323 | 4,228,286 |
Popular, Inc. | 47,460 | 3,240,569 |
Regions Financial Corp. | 384,471 | 7,051,198 |
Synovus Financial Corp. | 64,647 | 2,001,471 |
The PNC Financial Services Group, Inc. | 205,038 | 24,754,238 |
Truist Financial Corp. | 518,012 | 15,825,267 |
U.S. Bancorp | 880,128 | 32,151,076 |
Wells Fargo & Co. | 3,174,931 | 131,092,901 |
Zions Bancorp NA | 121,949 | 4,329,189 |
741,464,451 | ||
Capital Goods 7.1% | ||
3M Co. | 349,766 | 37,309,539 |
A.O. Smith Corp. | 49,000 | 3,552,500 |
Acuity Brands, Inc. | 20,596 | 3,321,723 |
AECOM | 64,965 | 5,700,679 |
AerCap Holdings N.V. * | 58,302 | 3,586,739 |
AGCO Corp. | 35,324 | 4,575,518 |
Air Lease Corp. | 59,089 | 2,408,468 |
Allegion plc | 24,505 | 2,788,914 |
Allison Transmission Holdings, Inc. | 95,319 | 5,762,034 |
AMETEK, Inc. | 40,438 | 6,450,265 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Boise Cascade Co. | 39,441 | 4,313,662 |
Carlisle Cos., Inc. | 17,807 | 4,683,597 |
Carrier Global Corp. | 312,476 | 17,951,746 |
Caterpillar, Inc. | 183,074 | 51,467,594 |
Cummins, Inc. | 81,837 | 18,825,783 |
Curtiss-Wright Corp. | 14,509 | 3,017,727 |
Deere & Co. | 60,003 | 24,657,633 |
Donaldson Co., Inc. | 42,517 | 2,715,561 |
Dover Corp. | 45,035 | 6,678,690 |
Eaton Corp. plc | 144,270 | 33,235,480 |
EMCOR Group, Inc. | 29,340 | 6,579,495 |
Emerson Electric Co. | 231,257 | 22,721,000 |
Fastenal Co. | 140,390 | 8,083,656 |
Flowserve Corp. | 69,360 | 2,744,575 |
Fluor Corp. * | 95,520 | 3,342,245 |
Fortive Corp. | 58,847 | 4,640,086 |
Fortune Brands Innovations, Inc. | 76,586 | 5,285,966 |
General Dynamics Corp. | 108,428 | 24,574,122 |
General Electric Co. | 465,954 | 53,333,095 |
Graco, Inc. | 32,976 | 2,603,125 |
Hexcel Corp. | 36,201 | 2,653,533 |
Honeywell International, Inc. | 222,075 | 41,736,775 |
Howmet Aerospace, Inc. | 129,549 | 6,408,789 |
Hubbell, Inc. | 15,144 | 4,937,701 |
Huntington Ingalls Industries, Inc. | 24,597 | 5,419,211 |
IDEX Corp. | 14,439 | 3,268,990 |
Illinois Tool Works, Inc. | 87,399 | 21,618,143 |
Ingersoll Rand, Inc. | 45,184 | 3,145,258 |
ITT, Inc. | 30,349 | 3,104,096 |
Johnson Controls International plc | 270,013 | 15,946,968 |
L3Harris Technologies, Inc. | 74,278 | 13,228,169 |
Lennox International, Inc. | 9,893 | 3,727,781 |
Lincoln Electric Holdings, Inc. | 16,829 | 3,238,909 |
Lockheed Martin Corp. | 79,613 | 35,694,489 |
Masco Corp. | 109,799 | 6,479,239 |
MasTec, Inc. * | 32,459 | 3,229,346 |
MDU Resources Group, Inc. | 119,029 | 2,423,430 |
MSC Industrial Direct Co., Inc., Class A | 29,945 | 3,056,187 |
Mueller Industries, Inc. | 29,590 | 2,283,164 |
Nordson Corp. | 10,515 | 2,567,132 |
Northrop Grumman Corp. | 47,425 | 20,539,293 |
nVent Electric plc | 60,522 | 3,421,914 |
Oshkosh Corp. | 55,523 | 5,764,953 |
Otis Worldwide Corp. | 69,518 | 5,947,265 |
Owens Corning | 61,317 | 8,824,129 |
PACCAR, Inc. | 223,868 | 18,422,098 |
Parker-Hannifin Corp. | 35,243 | 14,692,807 |
Pentair plc | 73,108 | 5,136,568 |
Quanta Services, Inc. | 41,135 | 8,633,002 |
Regal Rexnord Corp. | 22,562 | 3,659,331 |
Resideo Technologies, Inc. * | 117,190 | 1,975,823 |
Rockwell Automation, Inc. | 27,746 | 8,658,972 |
RTX Corp. | 344,192 | 29,614,280 |
Sensata Technologies Holding plc | 67,270 | 2,530,697 |
Snap-on, Inc. | 23,252 | 6,245,487 |
Spirit AeroSystems Holdings, Inc., Class A | 112,047 | 2,388,842 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Stanley Black & Decker, Inc. | 118,664 | 11,199,508 |
Textron, Inc. | 112,084 | 8,710,048 |
The Boeing Co. * | 200,837 | 44,993,513 |
The Middleby Corp. * | 15,293 | 2,226,508 |
The Timken Co. | 30,848 | 2,357,404 |
The Toro Co. | 25,185 | 2,576,929 |
Trane Technologies plc | 54,108 | 11,106,208 |
TransDigm Group, Inc. * | 11,776 | 10,643,738 |
Triton International Ltd. | 30,254 | 2,538,613 |
UFP Industries, Inc. | 39,093 | 4,079,355 |
United Rentals, Inc. | 30,452 | 14,511,596 |
W.W. Grainger, Inc. | 12,768 | 9,118,140 |
Watsco, Inc. | 11,087 | 4,041,766 |
WESCO International, Inc. | 24,015 | 3,886,828 |
Westinghouse Air Brake Technologies Corp. | 50,165 | 5,644,566 |
Xylem, Inc. | 42,711 | 4,422,297 |
849,591,005 | ||
Commercial & Professional Services 1.1% | ||
ABM Industries, Inc. | 57,941 | 2,631,680 |
ASGN, Inc. * | 25,923 | 2,129,834 |
Automatic Data Processing, Inc. | 70,032 | 17,830,848 |
Booz Allen Hamilton Holding Corp., Class A | 39,806 | 4,510,418 |
Broadridge Financial Solutions, Inc. | 26,846 | 4,998,994 |
CACI International, Inc., Class A * | 10,029 | 3,289,612 |
Cintas Corp. | 16,359 | 8,247,717 |
Concentrix Corp. | 16,414 | 1,310,330 |
Copart, Inc. * | 77,905 | 3,492,481 |
Equifax, Inc. | 17,131 | 3,540,978 |
Genpact Ltd. | 65,306 | 2,437,873 |
Jacobs Solutions, Inc. | 55,401 | 7,469,163 |
KBR, Inc. | 42,086 | 2,589,131 |
Leidos Holdings, Inc. | 74,922 | 7,305,644 |
ManpowerGroup, Inc. | 94,751 | 7,473,011 |
Maximus, Inc. | 37,018 | 2,991,795 |
Paychex, Inc. | 59,027 | 7,214,870 |
Republic Services, Inc. | 52,217 | 7,526,036 |
Robert Half International, Inc. | 64,273 | 4,753,631 |
Science Applications International Corp. | 29,196 | 3,435,201 |
SS&C Technologies Holdings, Inc. | 61,579 | 3,535,866 |
TransUnion | 37,104 | 3,013,587 |
Verisk Analytics, Inc. | 23,423 | 5,673,519 |
Waste Management, Inc. | 106,295 | 16,664,930 |
134,067,149 | ||
Consumer Discretionary Distribution & Retail 4.3% | ||
Academy Sports & Outdoors, Inc. | 36,357 | 1,984,001 |
Advance Auto Parts, Inc. | 39,200 | 2,697,744 |
Amazon.com, Inc. * | 1,130,514 | 156,022,237 |
Asbury Automotive Group, Inc. * | 12,458 | 2,865,340 |
AutoNation, Inc. * | 41,409 | 6,504,940 |
AutoZone, Inc. * | 2,358 | 5,968,876 |
Bath & Body Works, Inc. | 118,828 | 4,381,188 |
Best Buy Co., Inc. | 265,088 | 20,265,978 |
Big Lots, Inc. (a) | 220,825 | 1,369,115 |
Burlington Stores, Inc. * | 14,325 | 2,324,374 |
CarMax, Inc. * | 107,743 | 8,800,448 |
Dick's Sporting Goods, Inc. | 32,794 | 3,815,254 |
eBay, Inc. | 416,376 | 18,645,317 |
Foot Locker, Inc. | 121,330 | 2,380,495 |
Genuine Parts Co. | 45,982 | 7,068,813 |
Group 1 Automotive, Inc. | 18,685 | 4,940,688 |
Kohl's Corp. | 449,587 | 11,976,998 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Lithia Motors, Inc. | 20,972 | 6,459,795 |
LKQ Corp. | 124,979 | 6,565,147 |
Lowe’s Cos., Inc. | 203,664 | 46,940,479 |
Macy's, Inc. | 436,251 | 5,335,350 |
Murphy USA, Inc. | 15,010 | 4,767,776 |
Nordstrom, Inc. | 152,893 | 2,479,924 |
O'Reilly Automotive, Inc. * | 13,928 | 13,088,142 |
Penske Automotive Group, Inc. | 20,050 | 3,294,215 |
Pool Corp. | 6,852 | 2,505,091 |
Qurate Retail, Inc. * | 3,710,616 | 2,875,727 |
Ross Stores, Inc. | 86,497 | 10,536,200 |
The Gap, Inc. | 351,924 | 4,075,280 |
The Home Depot, Inc. | 281,497 | 92,978,459 |
The ODP Corp. * | 78,504 | 3,871,817 |
The TJX Cos., Inc. | 319,166 | 29,516,472 |
Tractor Supply Co. | 27,774 | 6,068,619 |
Ulta Beauty, Inc. * | 9,087 | 3,771,378 |
Williams-Sonoma, Inc. | 31,685 | 4,473,922 |
511,615,599 | ||
Consumer Durables & Apparel 1.7% | ||
Brunswick Corp. | 44,944 | 3,555,969 |
Capri Holdings Ltd. * | 74,836 | 3,928,142 |
Carter's, Inc. | 35,596 | 2,547,606 |
D.R. Horton, Inc. | 169,421 | 20,164,487 |
Deckers Outdoor Corp. * | 6,824 | 3,610,510 |
Garmin Ltd. | 24,537 | 2,601,413 |
Hanesbrands, Inc. | 607,083 | 3,187,186 |
Hasbro, Inc. | 61,965 | 4,461,480 |
KB Home | 71,604 | 3,637,483 |
Leggett & Platt, Inc. | 95,054 | 2,680,523 |
Lennar Corp., Class A | 167,348 | 19,929,473 |
Lululemon Athletica, Inc. * | 13,021 | 4,964,386 |
M.D.C. Holdings, Inc. | 56,256 | 2,669,347 |
Meritage Homes Corp. | 30,694 | 4,267,694 |
Mohawk Industries, Inc. * | 64,700 | 6,559,933 |
Newell Brands, Inc. | 337,604 | 3,571,850 |
NIKE, Inc., Class B | 263,601 | 26,810,858 |
NVR, Inc. * | 1,397 | 8,909,130 |
Polaris, Inc. | 30,760 | 3,447,888 |
PulteGroup, Inc. | 200,445 | 16,448,517 |
PVH Corp. | 76,774 | 6,418,306 |
Ralph Lauren Corp. | 27,936 | 3,258,176 |
Skechers U.S.A., Inc., Class A * | 58,773 | 2,956,870 |
Tapestry, Inc. | 116,279 | 3,874,416 |
Taylor Morrison Home Corp. * | 96,204 | 4,560,070 |
Tempur Sealy International, Inc. | 63,111 | 2,948,546 |
Toll Brothers, Inc. | 83,937 | 6,876,958 |
Tri Pointe Homes, Inc. * | 133,277 | 4,144,915 |
VF Corp. | 294,734 | 5,823,944 |
Whirlpool Corp. | 72,308 | 10,120,228 |
198,936,304 | ||
Consumer Services 1.9% | ||
Aramark | 121,342 | 4,511,496 |
Booking Holdings, Inc. * | 10,852 | 33,695,786 |
Carnival Corp. * | 1,023,087 | 16,185,236 |
Chipotle Mexican Grill, Inc. * | 2,205 | 4,248,241 |
Darden Restaurants, Inc. | 37,095 | 5,768,644 |
Domino’s Pizza, Inc. | 12,670 | 4,908,358 |
Expedia Group, Inc. * | 35,926 | 3,894,019 |
H&R Block, Inc. | 64,082 | 2,561,998 |
Hilton Worldwide Holdings, Inc. | 45,963 | 6,832,400 |
Las Vegas Sands Corp. | 154,862 | 8,495,729 |
Marriott International, Inc., Class A | 51,584 | 10,497,860 |
McDonald’s Corp. | 169,909 | 47,769,915 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
MGM Resorts International | 190,333 | 8,370,845 |
Penn Entertainment, Inc. * | 70,436 | 1,668,629 |
Royal Caribbean Cruises Ltd. * | 92,003 | 9,102,777 |
Service Corp. International | 40,452 | 2,552,926 |
Starbucks Corp. | 369,194 | 35,974,263 |
Travel & Leisure Co. | 61,027 | 2,453,285 |
Vail Resorts, Inc. | 10,089 | 2,283,343 |
Wynn Resorts Ltd. | 32,907 | 3,336,112 |
Yum! Brands, Inc. | 90,666 | 11,730,367 |
226,842,229 | ||
Consumer Staples Distribution & Retail 3.3% | ||
BJ's Wholesale Club Holdings, Inc. * | 25,047 | 1,687,917 |
Casey's General Stores, Inc. | 21,981 | 5,372,376 |
Costco Wholesale Corp. | 122,566 | 67,323,053 |
Dollar General Corp. | 80,686 | 11,175,011 |
Dollar Tree, Inc. * | 69,473 | 8,500,716 |
Performance Food Group Co. * | 94,288 | 5,858,113 |
SpartanNash Co. | 91,964 | 2,001,137 |
Sprouts Farmers Market, Inc. * | 83,195 | 3,393,524 |
Sysco Corp. | 193,286 | 13,462,370 |
Target Corp. | 299,684 | 37,925,010 |
The Kroger Co. | 771,028 | 35,767,989 |
United Natural Foods, Inc. * | 79,545 | 1,601,241 |
US Foods Holding Corp. * | 214,436 | 8,669,648 |
Walgreens Boots Alliance, Inc. | 1,383,242 | 35,009,855 |
Walmart, Inc. | 933,053 | 151,723,748 |
389,471,708 | ||
Energy 7.1% | ||
Antero Resources Corp. * | 80,223 | 2,219,770 |
APA Corp. | 122,049 | 5,350,628 |
Baker Hughes Co. | 620,160 | 22,443,590 |
Cheniere Energy, Inc. | 31,886 | 5,203,795 |
Chevron Corp. | 919,931 | 148,200,884 |
CNX Resources Corp. * | 124,068 | 2,772,920 |
ConocoPhillips | 441,561 | 52,559,006 |
Delek US Holdings, Inc. | 79,771 | 2,054,103 |
Devon Energy Corp. | 135,362 | 6,915,645 |
Diamondback Energy, Inc. | 20,737 | 3,147,462 |
EOG Resources, Inc. | 180,654 | 23,235,717 |
Equitrans Midstream Corp. | 306,815 | 2,945,424 |
Exxon Mobil Corp. | 2,065,656 | 229,680,291 |
Halliburton Co. | 276,448 | 10,676,422 |
Helmerich & Payne, Inc. | 67,377 | 2,694,406 |
Hess Corp. | 33,306 | 5,145,777 |
HF Sinclair Corp. | 143,002 | 7,877,980 |
Kinder Morgan, Inc. | 1,194,625 | 20,571,443 |
Marathon Oil Corp. | 316,448 | 8,338,405 |
Marathon Petroleum Corp. | 354,775 | 50,651,227 |
Murphy Oil Corp. | 75,758 | 3,439,413 |
NOV, Inc. | 204,233 | 4,315,443 |
Occidental Petroleum Corp. | 256,396 | 16,099,105 |
ONEOK, Inc. | 188,024 | 12,259,165 |
Ovintiv, Inc. | 106,918 | 5,020,869 |
PBF Energy, Inc., Class A | 100,740 | 4,723,699 |
Peabody Energy Corp. | 95,233 | 2,055,128 |
Phillips 66 | 465,384 | 53,128,237 |
Pioneer Natural Resources Co. | 44,495 | 10,586,695 |
Schlumberger N.V. | 477,252 | 28,138,778 |
Southwestern Energy Co. * | 269,686 | 1,828,471 |
Targa Resources Corp. | 70,128 | 6,048,540 |
TechnipFMC plc | 231,313 | 4,404,200 |
The Williams Cos., Inc. | 456,573 | 15,765,466 |
Valero Energy Corp. | 386,873 | 50,254,803 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
World Fuel Services Corp. | 391,026 | 8,563,469 |
839,316,376 | ||
Equity Real Estate Investment Trusts (REITs) 1.7% | ||
Alexandria Real Estate Equities, Inc. | 25,245 | 2,937,003 |
American Tower Corp. | 66,069 | 11,979,631 |
AvalonBay Communities, Inc. | 32,876 | 6,043,266 |
Boston Properties, Inc. | 83,976 | 5,607,078 |
Brixmor Property Group, Inc. | 124,460 | 2,735,631 |
Camden Property Trust | 21,174 | 2,278,746 |
Crown Castle, Inc. | 90,283 | 9,073,441 |
Digital Realty Trust, Inc. | 69,960 | 9,215,131 |
Equinix, Inc. | 13,469 | 10,524,407 |
Equity Residential | 99,557 | 6,454,280 |
Essex Property Trust, Inc. | 15,572 | 3,712,209 |
Extra Space Storage, Inc. | 28,913 | 3,720,525 |
Gaming & Leisure Properties, Inc. | 48,927 | 2,319,140 |
Healthpeak Properties, Inc. | 165,369 | 3,403,294 |
Host Hotels & Resorts, Inc. | 358,040 | 5,653,452 |
Invitation Homes, Inc. | 95,743 | 3,263,879 |
Iron Mountain, Inc. | 106,170 | 6,746,042 |
Kimco Realty Corp. | 137,085 | 2,596,390 |
Lamar Advertising Co., Class A | 25,846 | 2,357,672 |
Medical Properties Trust, Inc. | 206,703 | 1,492,396 |
Mid-America Apartment Communities, Inc. | 24,015 | 3,487,698 |
Omega Healthcare Investors, Inc. | 77,082 | 2,452,749 |
Park Hotels & Resorts, Inc. | 255,095 | 3,272,869 |
Prologis, Inc. | 82,120 | 10,199,304 |
Public Storage | 20,171 | 5,574,861 |
Realty Income Corp. | 57,444 | 3,219,162 |
Regency Centers Corp. | 43,259 | 2,690,710 |
SBA Communications Corp. | 8,258 | 1,854,169 |
Service Properties Trust | 354,372 | 2,927,113 |
Simon Property Group, Inc. | 107,005 | 12,143,997 |
SL Green Realty Corp. (a) | 82,953 | 3,256,735 |
Sun Communities, Inc. | 18,336 | 2,244,693 |
UDR, Inc. | 63,293 | 2,525,391 |
Ventas, Inc. | 193,023 | 8,431,245 |
VICI Properties, Inc. | 69,069 | 2,130,088 |
Vornado Realty Trust | 182,468 | 4,382,881 |
Welltower, Inc. | 142,573 | 11,816,450 |
Weyerhaeuser Co. | 361,159 | 11,827,957 |
WP Carey, Inc. | 34,393 | 2,237,265 |
198,788,950 | ||
Financial Services 7.8% | ||
Affiliated Managers Group, Inc. | 25,091 | 3,362,445 |
AGNC Investment Corp. | 263,016 | 2,606,489 |
Ally Financial, Inc. | 456,661 | 12,644,943 |
American Express Co. | 234,579 | 37,061,136 |
Ameriprise Financial, Inc. | 43,768 | 14,775,201 |
Annaly Capital Management, Inc. | 157,894 | 3,200,511 |
Apollo Global Management, Inc. | 31,917 | 2,787,631 |
Berkshire Hathaway, Inc., Class B * | 771,990 | 278,070,798 |
BlackRock, Inc. | 38,041 | 26,649,242 |
Blackstone, Inc. | 102,696 | 10,923,773 |
Bread Financial Holdings, Inc. | 142,097 | 5,340,005 |
Capital One Financial Corp. | 404,867 | 41,454,332 |
Cboe Global Markets, Inc. | 19,706 | 2,950,185 |
Chimera Investment Corp. | 343,168 | 2,076,166 |
CME Group, Inc. | 55,624 | 11,273,872 |
Coinbase Global, Inc., Class A * | 17,718 | 1,410,353 |
Discover Financial Services | 213,773 | 19,254,534 |
Equitable Holdings, Inc. | 147,358 | 4,243,910 |
Evercore, Inc., Class A | 27,002 | 3,781,630 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Fidelity National Information Services, Inc. | 212,946 | 11,895,164 |
Fiserv, Inc. * | 85,206 | 10,343,156 |
FleetCor Technologies, Inc. * | 24,698 | 6,711,188 |
Franklin Resources, Inc. | 275,650 | 7,370,881 |
Global Payments, Inc. | 75,374 | 9,549,132 |
Intercontinental Exchange, Inc. | 107,830 | 12,722,862 |
Invesco Ltd. | 292,600 | 4,658,192 |
Jack Henry & Associates, Inc. | 15,602 | 2,446,082 |
Janus Henderson Group plc | 112,481 | 3,089,853 |
Jefferies Financial Group, Inc. | 128,185 | 4,574,923 |
KKR & Co., Inc. | 140,628 | 8,832,845 |
Lazard Ltd., Class A | 68,580 | 2,382,469 |
LPL Financial Holdings, Inc. | 16,757 | 3,863,997 |
Mastercard, Inc., Class A | 87,255 | 36,004,903 |
MGIC Investment Corp. | 166,088 | 2,919,827 |
Moody's Corp. | 23,069 | 7,769,639 |
Morgan Stanley | 404,506 | 34,443,686 |
MSCI, Inc. | 6,415 | 3,487,322 |
Nasdaq, Inc. | 55,361 | 2,905,345 |
Navient Corp. | 243,334 | 4,294,845 |
Northern Trust Corp. | 91,522 | 6,962,079 |
OneMain Holdings, Inc. | 143,308 | 5,948,715 |
PayPal Holdings, Inc. * | 251,162 | 15,700,137 |
Radian Group, Inc. | 97,617 | 2,643,468 |
Raymond James Financial, Inc. | 44,360 | 4,639,612 |
Rithm Capital Corp. | 341,721 | 3,523,143 |
S&P Global, Inc. | 45,446 | 17,763,024 |
SEI Investments Co. | 47,810 | 2,967,089 |
SLM Corp. | 212,720 | 3,029,133 |
Starwood Property Trust, Inc. | 132,890 | 2,714,943 |
State Street Corp. | 152,847 | 10,506,703 |
Synchrony Financial | 818,560 | 26,423,117 |
T. Rowe Price Group, Inc. | 125,765 | 14,114,606 |
The Bank of New York Mellon Corp. | 552,714 | 24,800,277 |
The Carlyle Group, Inc. | 64,077 | 2,072,891 |
The Charles Schwab Corp. (b) | 169,362 | 10,017,762 |
The Goldman Sachs Group, Inc. | 157,907 | 51,747,703 |
The Western Union Co. | 379,773 | 4,690,197 |
Visa, Inc., Class A | 187,829 | 46,145,829 |
Voya Financial, Inc. | 46,172 | 3,217,265 |
923,761,160 | ||
Food, Beverage & Tobacco 3.5% | ||
Altria Group, Inc. | 975,956 | 43,156,774 |
Archer-Daniels-Midland Co. | 385,917 | 30,603,218 |
Bunge Ltd. | 130,886 | 14,962,887 |
Campbell Soup Co. | 79,877 | 3,330,871 |
Coca-Cola Europacific Partners plc | 103,244 | 6,618,973 |
Conagra Brands, Inc. | 224,612 | 6,711,407 |
Constellation Brands, Inc., Class A | 40,368 | 10,518,286 |
Darling Ingredients, Inc. * | 44,226 | 2,731,398 |
Flowers Foods, Inc. | 90,831 | 2,139,978 |
General Mills, Inc. | 201,633 | 13,642,489 |
Hormel Foods Corp. | 111,692 | 4,310,194 |
Ingredion, Inc. | 53,005 | 5,454,744 |
Kellogg Co. | 102,231 | 6,238,136 |
Keurig Dr Pepper, Inc. | 233,301 | 7,850,579 |
Lamb Weston Holdings, Inc. | 25,263 | 2,460,869 |
McCormick & Co., Inc. Non Voting Shares | 52,694 | 4,325,123 |
Molson Coors Beverage Co., Class B | 134,910 | 8,565,436 |
Mondelez International, Inc., Class A | 441,737 | 31,478,179 |
Monster Beverage Corp. * | 122,788 | 7,049,259 |
PepsiCo, Inc. | 339,761 | 60,450,277 |
Philip Morris International, Inc. | 541,999 | 52,064,424 |
Post Holdings, Inc. * | 33,553 | 3,010,040 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
The Coca-Cola Co. | 823,607 | 49,276,407 |
The Hershey Co. | 23,152 | 4,974,439 |
The J.M. Smucker Co. | 58,192 | 8,434,930 |
The Kraft Heinz Co. | 380,659 | 12,596,006 |
Tyson Foods, Inc., Class A | 355,675 | 18,946,807 |
421,902,130 | ||
Health Care Equipment & Services 5.5% | ||
Abbott Laboratories | 338,227 | 34,803,558 |
Align Technology, Inc. * | 11,356 | 4,203,310 |
Baxter International, Inc. | 257,174 | 10,441,264 |
Becton Dickinson & Co. | 59,838 | 16,721,729 |
Boston Scientific Corp. * | 180,804 | 9,752,568 |
Cardinal Health, Inc. | 173,023 | 15,110,098 |
Cencora, Inc. | 24,983 | 4,396,508 |
Centene Corp. * | 362,117 | 22,324,513 |
Chemed Corp. | 4,165 | 2,130,148 |
CVS Health Corp. | 1,107,600 | 72,182,292 |
DaVita, Inc. * | 84,073 | 8,610,757 |
Dentsply Sirona, Inc. | 108,427 | 4,021,557 |
Edwards Lifesciences Corp. * | 53,886 | 4,120,662 |
Elevance Health, Inc. | 118,898 | 52,554,105 |
Encompass Health Corp. | 45,068 | 3,201,631 |
HCA Healthcare, Inc. | 91,652 | 25,415,099 |
Henry Schein, Inc. * | 75,807 | 5,802,268 |
Hologic, Inc. * | 60,524 | 4,523,564 |
Humana, Inc. | 70,341 | 32,471,516 |
IDEXX Laboratories, Inc. * | 6,568 | 3,358,941 |
Intuitive Surgical, Inc. * | 27,016 | 8,447,363 |
Laboratory Corp. of America Holdings | 44,507 | 9,261,907 |
McKesson Corp. | 41,093 | 16,943,466 |
Medtronic plc | 546,618 | 44,549,367 |
Molina Healthcare, Inc. * | 19,590 | 6,075,251 |
Owens & Minor, Inc. * | 88,555 | 1,496,579 |
Patterson Cos., Inc. | 76,595 | 2,300,914 |
Quest Diagnostics, Inc. | 61,286 | 8,059,109 |
ResMed, Inc. | 15,368 | 2,452,579 |
STERIS plc | 17,016 | 3,906,703 |
Stryker Corp. | 56,963 | 16,151,859 |
Teleflex, Inc. | 10,592 | 2,253,342 |
Tenet Healthcare Corp. * | 86,446 | 6,704,752 |
The Cigna Group | 169,788 | 46,905,633 |
The Cooper Cos., Inc. | 8,516 | 3,150,835 |
UnitedHealth Group, Inc. | 265,039 | 126,312,287 |
Universal Health Services, Inc., Class B | 69,231 | 9,325,416 |
Zimmer Biomet Holdings, Inc. | 59,630 | 7,103,125 |
657,546,575 | ||
Household & Personal Products 1.3% | ||
Church & Dwight Co., Inc. | 62,102 | 6,009,611 |
Colgate-Palmolive Co. | 226,814 | 16,664,025 |
Kimberly-Clark Corp. | 111,844 | 14,408,862 |
The Clorox Co. | 35,610 | 5,571,184 |
The Estee Lauder Cos., Inc., Class A | 34,790 | 5,584,839 |
The Procter & Gamble Co. | 677,196 | 104,518,431 |
152,756,952 | ||
Insurance 3.3% | ||
Aflac, Inc. | 320,034 | 23,864,935 |
American Financial Group, Inc. | 33,468 | 3,879,611 |
American International Group, Inc. | 607,801 | 35,568,514 |
Aon plc, Class A | 48,815 | 16,274,433 |
Arch Capital Group Ltd. * | 85,675 | 6,584,980 |
Arthur J. Gallagher & Co. | 26,986 | 6,219,733 |
Assurant, Inc. | 22,013 | 3,067,071 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Assured Guaranty Ltd. | 51,775 | 3,046,441 |
Brown & Brown, Inc. | 39,125 | 2,899,162 |
Chubb Ltd. | 142,256 | 28,574,963 |
Cincinnati Financial Corp. | 64,325 | 6,804,942 |
CNO Financial Group, Inc. | 188,397 | 4,408,490 |
Everest Group Ltd. | 13,469 | 4,857,999 |
Fidelity National Financial, Inc. | 158,189 | 6,549,025 |
First American Financial Corp. | 85,516 | 5,274,627 |
Genworth Financial, Inc., Class A * | 698,560 | 4,044,662 |
Globe Life, Inc. | 40,987 | 4,572,920 |
Kemper Corp. | 46,413 | 2,180,019 |
Lincoln National Corp. | 228,994 | 5,875,986 |
Loews Corp. | 106,724 | 6,626,493 |
Markel Group, Inc. * | 3,952 | 5,844,692 |
Marsh & McLennan Cos., Inc. | 91,319 | 17,806,292 |
MetLife, Inc. | 440,529 | 27,903,107 |
Old Republic International Corp. | 196,953 | 5,386,665 |
Primerica, Inc. | 16,627 | 3,341,362 |
Principal Financial Group, Inc. | 114,439 | 8,893,055 |
Prudential Financial, Inc. | 287,769 | 27,243,091 |
Reinsurance Group of America, Inc. | 34,741 | 4,815,797 |
RenaissanceRe Holdings Ltd. | 12,812 | 2,407,247 |
The Allstate Corp. | 221,080 | 23,834,635 |
The Hanover Insurance Group, Inc. | 21,282 | 2,271,215 |
The Hartford Financial Services Group, Inc. | 193,838 | 13,921,445 |
The Progressive Corp. | 167,252 | 22,323,124 |
The Travelers Cos., Inc. | 183,515 | 29,588,123 |
Unum Group | 150,561 | 7,406,096 |
W.R. Berkley Corp. | 59,854 | 3,702,568 |
Willis Towers Watson plc | 31,167 | 6,444,089 |
394,307,609 | ||
Materials 3.5% | ||
Air Products and Chemicals, Inc. | 49,354 | 14,583,613 |
Albemarle Corp. | 15,331 | 3,046,423 |
Alcoa Corp. | 125,160 | 3,764,813 |
AptarGroup, Inc. | 22,379 | 2,966,560 |
Avery Dennison Corp. | 25,825 | 4,864,913 |
Axalta Coating Systems Ltd. * | 91,171 | 2,580,139 |
Ball Corp. | 112,767 | 6,140,163 |
Berry Global Group, Inc. | 73,817 | 4,823,203 |
Celanese Corp. | 77,227 | 9,758,404 |
CF Industries Holdings, Inc. | 67,770 | 5,223,034 |
Cleveland-Cliffs, Inc. * | 152,899 | 2,337,826 |
Commercial Metals Co. | 64,697 | 3,641,794 |
Corteva, Inc. | 151,823 | 7,668,580 |
Crown Holdings, Inc. | 50,409 | 4,670,898 |
Dow, Inc. | 408,041 | 22,262,717 |
DuPont de Nemours, Inc. | 328,054 | 25,224,072 |
Eagle Materials, Inc. | 13,967 | 2,644,232 |
Eastman Chemical Co. | 106,809 | 9,079,833 |
Ecolab, Inc. | 66,564 | 12,235,129 |
FMC Corp. | 29,193 | 2,517,312 |
Freeport-McMoRan, Inc. | 390,447 | 15,582,740 |
Graphic Packaging Holding Co. | 148,099 | 3,293,722 |
Huntsman Corp. | 169,603 | 4,726,836 |
International Flavors & Fragrances, Inc. | 54,140 | 3,814,163 |
International Paper Co. | 393,864 | 13,753,731 |
Knife River Corp. * | 29,738 | 1,530,317 |
Linde plc | 110,729 | 42,856,552 |
Louisiana-Pacific Corp. | 46,717 | 2,918,878 |
LyondellBasell Industries N.V., Class A | 221,335 | 21,861,258 |
Martin Marietta Materials, Inc. | 14,120 | 6,303,309 |
Newmont Corp. | 321,075 | 12,656,776 |
Nucor Corp. | 145,494 | 25,039,517 |
O-I Glass, Inc. * | 159,653 | 3,170,709 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Olin Corp. | 59,856 | 3,472,845 |
Packaging Corp. of America | 47,816 | 7,129,366 |
PPG Industries, Inc. | 99,281 | 14,074,075 |
Reliance Steel & Aluminum Co. | 41,729 | 11,891,096 |
RPM International, Inc. | 41,620 | 4,151,179 |
Sealed Air Corp. | 77,767 | 2,882,045 |
Sonoco Products Co. | 60,072 | 3,451,136 |
Steel Dynamics, Inc. | 95,367 | 10,165,169 |
The Chemours Co. | 111,440 | 3,791,189 |
The Mosaic Co. | 152,901 | 5,940,204 |
The Sherwin-Williams Co. | 37,754 | 10,258,517 |
United States Steel Corp. | 275,704 | 8,571,637 |
Vulcan Materials Co. | 28,590 | 6,239,767 |
Warrior Met Coal, Inc. | 64,026 | 2,532,869 |
Westrock Co. | 346,691 | 11,340,263 |
413,433,523 | ||
Media & Entertainment 7.2% | ||
Activision Blizzard, Inc. | 142,245 | 13,085,118 |
Alphabet, Inc., Class A * | 1,108,805 | 150,985,977 |
Alphabet, Inc., Class C * | 1,006,050 | 138,180,968 |
Charter Communications, Inc., Class A * | 110,018 | 48,201,086 |
Comcast Corp., Class A | 2,766,031 | 129,339,610 |
DISH Network Corp., Class A * | 421,912 | 2,531,472 |
Electronic Arts, Inc. | 77,553 | 9,304,809 |
Fox Corp., Class A | 265,756 | 8,785,893 |
Liberty Media Corp.-Liberty Live, Class C * | 62,289 | 2,096,025 |
Liberty Media Corp.-Liberty SiriusXM, Class C * | 248,378 | 6,070,358 |
Meta Platforms, Inc., Class A * | 797,223 | 235,890,313 |
Netflix, Inc. * | 32,896 | 14,266,337 |
News Corp., Class A | 251,005 | 5,394,097 |
Nexstar Media Group, Inc., Class A | 18,758 | 3,053,802 |
Omnicom Group, Inc. | 108,637 | 8,800,683 |
Paramount Global, Class B | 790,564 | 11,929,611 |
Take-Two Interactive Software, Inc. * | 28,196 | 4,009,471 |
TEGNA, Inc. | 131,033 | 2,165,976 |
The Interpublic Group of Cos., Inc. | 150,509 | 4,908,099 |
The Walt Disney Co. * | 591,273 | 49,477,725 |
Warner Bros Discovery, Inc. * | 728,223 | 9,568,850 |
858,046,280 | ||
Pharmaceuticals, Biotechnology & Life Sciences 5.7% | ||
AbbVie, Inc. | 373,282 | 54,857,523 |
Agilent Technologies, Inc. | 49,537 | 5,997,444 |
Amgen, Inc. | 222,344 | 56,995,661 |
Avantor, Inc. * | 87,246 | 1,888,876 |
Biogen, Inc. * | 69,173 | 18,494,093 |
Bristol-Myers Squibb Co. | 585,281 | 36,082,574 |
Catalent, Inc. * | 37,158 | 1,856,785 |
Danaher Corp. | 71,050 | 18,828,250 |
Eli Lilly & Co. | 59,433 | 32,937,769 |
Fortrea Holdings, Inc. * | 44,176 | 1,217,049 |
Gilead Sciences, Inc. | 643,392 | 49,206,620 |
ICON plc * | 11,298 | 2,936,802 |
Illumina, Inc. * | 21,272 | 3,514,560 |
IQVIA Holdings, Inc. * | 48,519 | 10,801,785 |
Jazz Pharmaceuticals plc * | 20,662 | 2,962,104 |
Johnson & Johnson | 783,268 | 126,638,770 |
Merck & Co., Inc. | 660,114 | 71,939,224 |
Mettler-Toledo International, Inc. * | 2,936 | 3,562,777 |
Moderna, Inc. * | 17,109 | 1,934,515 |
Organon & Co. | 181,171 | 3,978,515 |
Perrigo Co., plc | 112,979 | 3,954,265 |
Pfizer, Inc. | 2,329,152 | 82,405,398 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Regeneron Pharmaceuticals, Inc. * | 18,168 | 15,015,670 |
Revvity, Inc. | 22,344 | 2,614,918 |
Syneos Health, Inc. * | 55,405 | 2,367,456 |
Thermo Fisher Scientific, Inc. | 54,329 | 30,266,686 |
United Therapeutics Corp. * | 10,491 | 2,353,761 |
Vertex Pharmaceuticals, Inc. * | 18,677 | 6,505,946 |
Viatris, Inc. | 1,019,401 | 10,958,561 |
Waters Corp. * | 14,602 | 4,100,242 |
West Pharmaceutical Services, Inc. | 7,712 | 3,138,013 |
Zoetis, Inc. | 55,738 | 10,618,646 |
680,931,258 | ||
Real Estate Management & Development 0.2% | ||
Anywhere Real Estate, Inc. * | 393,801 | 2,583,335 |
CBRE Group, Inc., Class A * | 133,421 | 11,347,456 |
DigitalBridge Group, Inc. | 200,431 | 3,491,508 |
Jones Lang LaSalle, Inc. * | 44,500 | 7,689,600 |
25,111,899 | ||
Semiconductors & Semiconductor Equipment 4.8% | ||
Advanced Micro Devices, Inc. * | 114,858 | 12,142,788 |
Analog Devices, Inc. | 67,329 | 12,239,066 |
Applied Materials, Inc. | 242,588 | 37,057,743 |
Broadcom, Inc. | 75,845 | 69,996,592 |
First Solar, Inc. * | 14,766 | 2,792,546 |
Intel Corp. | 4,968,856 | 174,605,600 |
KLA Corp. | 21,101 | 10,589,959 |
Lam Research Corp. | 32,959 | 23,150,401 |
Marvell Technology, Inc. | 81,133 | 4,725,997 |
Microchip Technology, Inc. | 84,831 | 6,942,569 |
Micron Technology, Inc. | 653,387 | 45,697,887 |
MKS Instruments, Inc. | 24,313 | 2,436,892 |
NVIDIA Corp. | 92,897 | 45,849,314 |
NXP Semiconductors N.V. | 68,270 | 14,044,504 |
ON Semiconductor Corp. * | 60,311 | 5,938,221 |
Qorvo, Inc. * | 58,756 | 6,309,807 |
QUALCOMM, Inc. | 381,153 | 43,653,453 |
Skyworks Solutions, Inc. | 75,055 | 8,161,481 |
Teradyne, Inc. | 43,678 | 4,711,546 |
Texas Instruments, Inc. | 223,757 | 37,604,601 |
568,650,967 | ||
Software & Services 5.6% | ||
Accenture plc, Class A | 131,742 | 42,654,107 |
Adobe, Inc. * | 56,029 | 31,339,261 |
Akamai Technologies, Inc. * | 51,794 | 5,443,031 |
Amdocs Ltd. | 58,949 | 5,258,251 |
ANSYS, Inc. * | 9,042 | 2,883,223 |
Autodesk, Inc. * | 13,951 | 3,096,285 |
Cadence Design Systems, Inc. * | 19,001 | 4,568,600 |
Check Point Software Technologies Ltd. * | 32,175 | 4,330,433 |
Cognizant Technology Solutions Corp., Class A | 343,289 | 24,582,925 |
DXC Technology Co. * | 243,469 | 5,049,547 |
Fortinet, Inc. * | 39,231 | 2,362,099 |
Gartner, Inc. * | 7,784 | 2,721,909 |
Gen Digital, Inc. | 218,304 | 4,420,656 |
International Business Machines Corp. | 493,205 | 72,417,290 |
Intuit, Inc. | 26,557 | 14,388,848 |
Kyndryl Holdings, Inc. * | 696,757 | 11,761,258 |
Microsoft Corp. | 968,714 | 317,505,701 |
NCR Corp. * | 117,723 | 3,621,160 |
Oracle Corp. | 562,882 | 67,765,364 |
Palo Alto Networks, Inc. * | 15,281 | 3,717,867 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Roper Technologies, Inc. | 14,593 | 7,282,783 |
Salesforce, Inc. * | 72,512 | 16,058,508 |
Synopsys, Inc. * | 9,747 | 4,472,801 |
VeriSign, Inc. * | 11,294 | 2,346,780 |
VMware, Inc., Class A * | 69,482 | 11,727,172 |
671,775,859 | ||
Technology Hardware & Equipment 7.5% | ||
Amphenol Corp., Class A | 105,654 | 9,337,701 |
Apple Inc. | 2,898,797 | 544,596,996 |
Arista Networks, Inc. * | 17,271 | 3,371,817 |
Arrow Electronics, Inc. * | 88,952 | 11,868,865 |
Avnet, Inc. | 218,441 | 11,085,881 |
CDW Corp. | 38,304 | 8,087,890 |
Ciena Corp. * | 57,700 | 2,883,846 |
Cisco Systems, Inc. | 2,143,593 | 122,935,059 |
Corning, Inc. | 454,592 | 14,919,710 |
F5, Inc. * | 23,184 | 3,794,294 |
Flex Ltd. * | 333,426 | 9,199,223 |
Hewlett Packard Enterprise Co. | 1,633,778 | 27,757,888 |
HP, Inc. | 731,561 | 21,734,677 |
Insight Enterprises, Inc. * | 21,612 | 3,459,865 |
Jabil, Inc. | 90,901 | 10,400,892 |
Juniper Networks, Inc. | 209,675 | 6,105,736 |
Keysight Technologies, Inc. * | 18,847 | 2,512,305 |
Motorola Solutions, Inc. | 23,281 | 6,601,793 |
NetApp, Inc. | 112,789 | 8,650,916 |
Sanmina Corp. * | 65,046 | 3,623,062 |
Seagate Technology Holdings plc | 156,398 | 11,071,414 |
TD SYNNEX Corp. | 20,033 | 2,038,358 |
TE Connectivity Ltd. | 100,944 | 13,363,976 |
Teledyne Technologies, Inc. * | 6,507 | 2,721,878 |
Trimble, Inc. * | 52,188 | 2,859,381 |
Vishay Intertechnology, Inc. | 96,690 | 2,653,174 |
Western Digital Corp. * | 356,588 | 16,046,460 |
Xerox Holdings Corp. | 284,753 | 4,524,725 |
Zebra Technologies Corp., Class A * | 11,252 | 3,094,413 |
891,302,195 | ||
Telecommunication Services 2.7% | ||
AT&T, Inc. | 9,609,176 | 142,119,713 |
Liberty Global plc, Class C * | 602,919 | 11,961,913 |
Lumen Technologies, Inc. * | 4,951,441 | 7,872,791 |
Telephone and Data Systems, Inc. | 299,126 | 6,428,218 |
T-Mobile US, Inc. * | 145,833 | 19,869,746 |
Verizon Communications, Inc. | 3,949,447 | 138,151,656 |
326,404,037 | ||
Transportation 2.1% | ||
Avis Budget Group, Inc. * | 21,995 | 4,693,513 |
C.H. Robinson Worldwide, Inc. | 79,320 | 7,172,908 |
CSX Corp. | 865,260 | 26,130,852 |
Delta Air Lines, Inc. | 101,536 | 4,353,864 |
Expeditors International of Washington, Inc. | 67,826 | 7,915,972 |
FedEx Corp. | 171,486 | 44,761,276 |
GXO Logistics, Inc. * | 54,866 | 3,509,778 |
J.B. Hunt Transport Services, Inc. | 30,087 | 5,652,746 |
Knight-Swift Transportation Holdings, Inc. | 80,871 | 4,433,348 |
Landstar System, Inc. | 17,362 | 3,295,481 |
Norfolk Southern Corp. | 99,418 | 20,381,684 |
Old Dominion Freight Line, Inc. | 16,611 | 7,099,043 |
Ryder System, Inc. | 68,786 | 6,926,750 |
Southwest Airlines Co. | 108,287 | 3,421,869 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Uber Technologies, Inc. * | 98,096 | 4,633,074 |
Union Pacific Corp. | 239,258 | 52,773,137 |
United Airlines Holdings, Inc. * | 67,339 | 3,354,156 |
United Parcel Service, Inc., Class B | 176,831 | 29,955,171 |
Werner Enterprises, Inc. | 52,637 | 2,190,226 |
ZIM Integrated Shipping Services Ltd. (a) | 98,779 | 1,192,262 |
243,847,110 | ||
Utilities 3.1% | ||
Alliant Energy Corp. | 86,735 | 4,351,495 |
Ameren Corp. | 93,700 | 7,427,599 |
American Electric Power Co., Inc. | 209,871 | 16,453,886 |
American Water Works Co., Inc. | 38,967 | 5,406,282 |
Atmos Energy Corp. | 37,148 | 4,307,311 |
Black Hills Corp. | 31,776 | 1,747,680 |
CenterPoint Energy, Inc. | 256,277 | 7,147,566 |
CMS Energy Corp. | 116,200 | 6,529,278 |
Consolidated Edison, Inc. | 167,192 | 14,873,400 |
Constellation Energy Corp. | 48,061 | 5,006,034 |
Dominion Energy, Inc. | 371,333 | 18,024,504 |
DTE Energy Co. | 84,801 | 8,766,727 |
Duke Energy Corp. | 368,613 | 32,732,834 |
Edison International | 177,266 | 12,204,764 |
Entergy Corp. | 101,655 | 9,682,639 |
Evergy, Inc. | 148,822 | 8,180,745 |
Eversource Energy | 133,962 | 8,549,455 |
Exelon Corp. | 567,378 | 22,763,205 |
FirstEnergy Corp. | 314,593 | 11,347,370 |
National Fuel Gas Co. | 35,430 | 1,904,008 |
NextEra Energy, Inc. | 387,199 | 25,864,893 |
NiSource, Inc. | 173,256 | 4,636,331 |
NRG Energy, Inc. | 188,970 | 7,095,824 |
OGE Energy Corp. | 92,168 | 3,138,320 |
PG&E Corp. * | 234,059 | 3,815,162 |
Pinnacle West Capital Corp. | 68,080 | 5,260,542 |
Portland General Electric Co. | 48,205 | 2,114,271 |
PPL Corp. | 491,186 | 12,240,355 |
Public Service Enterprise Group, Inc. | 207,665 | 12,684,178 |
Sempra | 178,977 | 12,567,765 |
Southwest Gas Holdings, Inc. | 37,910 | 2,347,766 |
The AES Corp. | 369,023 | 6,616,582 |
The Southern Co. | 441,997 | 29,936,457 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
UGI Corp. | 158,648 | 3,994,757 |
Vistra Corp. | 352,412 | 11,072,785 |
WEC Energy Group, Inc. | 104,737 | 8,810,476 |
Xcel Energy, Inc. | 204,213 | 11,666,689 |
371,269,935 | ||
Total Common Stocks (Cost $10,533,757,814) | 11,868,922,269 |
SHORT-TERM INVESTMENTS 0.1% OF NET ASSETS | ||
Money Market Funds 0.1% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (c) | 4,393,038 | 4,393,038 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (c)(d) | 4,587,565 | 4,587,565 |
8,980,603 | ||
Total Short-Term Investments (Cost $8,980,603) | 8,980,603 | |
Total Investments in Securities (Cost $10,542,738,417) | 11,877,902,872 |
NUMBER OF CONTRACTS | NOTIONAL AMOUNT ($) | CURRENT VALUE/ UNREALIZED APPRECIATION ($) | |
FUTURES CONTRACTS | |||
Long | |||
S&P 500 Index, e-mini, expires 09/15/23 | 139 | 31,386,200 | 305,256 |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $4,418,582. |
(b) | Issuer is affiliated with the fund’s investment adviser. |
(c) | The rate shown is the annualized 7-day yield. |
(d) | Security purchased with cash collateral received for securities on loan. |
SECURITY | VALUE AT 2/28/23 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | VALUE AT 8/31/23 | BALANCE OF SHARES HELD AT 8/31/23 | DIVIDENDS RECEIVED |
COMMON STOCKS 0.1% OF NET ASSETS | ||||||||
Financial Services 0.1% | ||||||||
The Charles Schwab Corp. | $10,378,944 | $2,303,904 | ($282,916 ) | ($101,483 ) | ($2,280,687 ) | $10,017,762 | 169,362 | $77,867 |
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 Stocks1 | $11,868,922,269 | $— | $— | $11,868,922,269 |
Short-Term Investments1 | 8,980,603 | — | — | 8,980,603 |
Futures Contracts2 | 305,256 | — | — | 305,256 |
Total | $11,878,208,128 | $— | $— | $11,878,208,128 |
1 | As categorized in the Portfolio Holdings. |
2 | Futures contracts are reported at cumulative unrealized appreciation or depreciation. |
Assets | ||
Investments in securities, at value - affiliated (cost $9,727,990) | $10,017,762 | |
Investments in securities, at value - unaffiliated (cost $10,533,010,427) including securities on loan of $4,418,582 | 11,867,885,110 | |
Cash | 1,170 | |
Deposit with broker for futures contracts | 1,736,000 | |
Receivables: | ||
Dividends | 26,650,182 | |
Fund shares sold | 11,690,373 | |
Income from securities on loan | + | 105,222 |
Total assets | 11,918,085,819 | |
Liabilities | ||
Collateral held for securities on loan | 4,587,565 | |
Payables: | ||
Investments bought | 11,453,915 | |
Management fees | 2,492,920 | |
Variation margin on futures contracts | + | 69,438 |
Total liabilities | 18,603,838 | |
Net assets | $11,899,481,981 | |
Net Assets by Source | ||
Capital received from investors | $11,002,744,192 | |
Total distributable earnings | + | 896,737,789 |
Net assets | $11,899,481,981 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$11,899,481,981 | 203,850,000 | $58.37 | ||
For the period March 1, 2023 through August 31, 2023; unaudited | ||
Investment Income | ||
Dividends received from securities - unaffiliated (net of foreign withholding tax of $84,061) | $130,671,935 | |
Dividends received from securities - affiliated | 77,867 | |
Securities on loan, net | + | 183,753 |
Total investment income | 130,933,555 | |
Expenses | ||
Management fees | 13,883,631 | |
Total expenses | – | 13,883,631 |
Net investment income | 117,049,924 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - affiliated | (115,091 ) | |
Net realized losses on sales of securities - unaffiliated | (80,939,722 ) | |
Net realized gains on sales of in-kind redemptions - affiliated | 13,608 | |
Net realized gains on sales of in-kind redemptions - unaffiliated | 100,477,555 | |
Net realized gains on futures contracts | + | 1,644,576 |
Net realized gains | 21,080,926 | |
Net change in unrealized appreciation (depreciation) on securities - affiliated | (2,280,687 ) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | 660,721,181 | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | 977,745 |
Net change in unrealized appreciation (depreciation) | + | 659,418,239 |
Net realized and unrealized gains | 680,499,165 | |
Increase in net assets resulting from operations | $797,549,089 |
OPERATIONS | |||
3/1/23-8/31/23 | 3/1/22-2/28/23 | ||
Net investment income | $117,049,924 | $203,631,425 | |
Net realized gains | 21,080,926 | 644,351,654 | |
Net change in unrealized appreciation (depreciation) | + | 659,418,239 | (1,075,988,071 ) |
Increase (decrease) in net assets resulting from operations | $797,549,089 | ($228,004,992 ) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($104,202,175 ) | ($197,038,665 ) |
TRANSACTIONS IN FUND SHARES | |||||
3/1/23-8/31/23 | 3/1/22-2/28/23 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 18,850,000 | $1,049,668,301 | 62,950,000 | $3,448,739,625 | |
Shares redeemed | + | (3,900,000 ) | (216,445,195 ) | (47,600,000 ) | (2,540,233,753 ) |
Net transactions in fund shares | 14,950,000 | $833,223,106 | 15,350,000 | $908,505,872 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
3/1/23-8/31/23 | 3/1/22-2/28/23 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 188,900,000 | $10,372,911,961 | 173,550,000 | $9,889,449,746 | |
Total increase | + | 14,950,000 | 1,526,570,020 | 15,350,000 | 483,462,215 |
End of period | 203,850,000 | $11,899,481,981 | 188,900,000 | $10,372,911,961 |
3/1/23– 8/31/23* | 3/1/22– 2/28/23 | 3/1/21– 2/28/22 | 3/1/20– 2/28/21 | 3/1/19– 2/29/20 | 3/1/18– 2/28/19 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $51.18 | $53.02 | $48.75 | $34.73 | $38.08 | $36.90 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.45 | 0.75 | 0.65 | 0.49 | 0.55 | 0.59 |
Net realized and unrealized gains (losses) | 0.04 | (1.95 ) | 4.26 | 14.09 | (3.34 ) | 1.14 |
Total from investment operations | 0.49 | (1.20 ) | 4.91 | 14.58 | (2.79 ) | 1.73 |
Less distributions: | ||||||
Distributions from net investment income | (0.33 ) | (0.64 ) | (0.64 ) | (0.56 ) | (0.56 ) | (0.55 ) |
Net asset value at end of period | $51.34 | $51.18 | $53.02 | $48.75 | $34.73 | $38.08 |
Total return | 0.99 %2 | (2.13 %) | 10.06 % | 42.73 % | (7.46 %) | 4.69 % |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.25 %3 | 0.25 %4 | 0.25 % | 0.25 % | 0.25 % | 0.25 % |
Net investment income (loss) | 1.80 %3 | 1.54 % | 1.21 % | 1.40 % | 1.43 % | 1.53 % |
Portfolio turnover rate5 | 13 %2 | 24 % | 25 % | 24 % | 26 % | 23 % |
Net assets, end of period (x 1,000,000) | $6,785 | $6,433 | $4,843 | $4,086 | $3,425 | $3,403 |
* | Unaudited. |
1 | Calculated based on the average shares outstanding during the period. |
2 | Not annualized. |
3 | Annualized. |
4 | Ratio includes less than 0.005% of non-routine proxy expenses. |
5 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY | NUMBER OF SHARES | VALUE ($) |
COMMON STOCKS 99.9% OF NET ASSETS | ||
Automobiles & Components 1.6% | ||
American Axle & Manufacturing Holdings, Inc. * | 1,244,009 | 9,392,268 |
Cooper-Standard Holdings, Inc. * | 909,303 | 13,584,987 |
Dorman Products, Inc. * | 72,897 | 6,014,731 |
Fox Factory Holding Corp. * | 41,821 | 4,634,185 |
Gentherm, Inc. * | 101,852 | 6,132,509 |
LCI Industries | 107,012 | 13,406,463 |
Modine Manufacturing Co. * | 256,033 | 12,184,611 |
Patrick Industries, Inc. | 119,344 | 9,981,932 |
Standard Motor Products, Inc. | 152,342 | 5,641,224 |
Stoneridge, Inc. * | 171,061 | 3,515,304 |
Visteon Corp. * | 127,209 | 17,716,397 |
Winnebago Industries, Inc. | 150,849 | 9,782,558 |
111,987,169 | ||
Banks 7.0% | ||
1st Source Corp. | 47,589 | 2,126,752 |
Ameris Bancorp | 122,560 | 4,994,320 |
Associated Banc-Corp. | 576,483 | 9,990,450 |
Axos Financial, Inc. * | 116,068 | 5,001,370 |
BancFirst Corp. | 13,966 | 1,334,870 |
Bank of Hawaii Corp. (a) | 132,470 | 7,118,938 |
Bank OZK | 288,432 | 11,586,313 |
BankUnited, Inc. | 462,430 | 12,138,787 |
Banner Corp. | 104,956 | 4,570,834 |
BOK Financial Corp. | 72,128 | 5,994,558 |
Brookline Bancorp, Inc. | 244,895 | 2,343,645 |
Cadence Bank | 387,859 | 8,874,214 |
Capitol Federal Financial, Inc. | 584,443 | 3,313,792 |
Cathay General Bancorp | 209,983 | 7,481,694 |
Central Pacific Financial Corp. | 130,915 | 2,221,628 |
City Holding Co. | 28,707 | 2,622,672 |
Columbia Banking System, Inc. | 540,353 | 11,066,429 |
Commerce Bancshares, Inc. | 186,500 | 9,155,285 |
Community Bank System, Inc. | 101,963 | 4,848,341 |
ConnectOne Bancorp, Inc. | 59,994 | 1,147,085 |
Cullen/Frost Bankers, Inc. | 98,766 | 9,336,350 |
Customers Bancorp, Inc. * | 99,029 | 3,479,879 |
CVB Financial Corp. | 288,049 | 5,029,336 |
Eagle Bancorp, Inc. | 123,005 | 2,959,500 |
Eastern Bankshares, Inc. | 184,229 | 2,479,722 |
Enterprise Financial Services Corp. | 56,551 | 2,189,089 |
F.N.B. Corp. | 1,011,016 | 11,758,116 |
First BanCorp | 386,703 | 5,359,704 |
First Bancorp/Southern Pines NC | 60,876 | 1,804,365 |
First Busey Corp. | 153,730 | 3,105,346 |
First Citizens BancShares, Inc., Class A | 13,082 | 17,796,753 |
First Commonwealth Financial Corp. | 248,650 | 3,249,856 |
First Financial Bancorp | 272,452 | 5,661,553 |
First Financial Bankshares, Inc. | 132,535 | 3,806,405 |
First Hawaiian, Inc. | 507,069 | 9,588,675 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
First Interstate BancSystem, Inc., Class A | 182,141 | 4,719,273 |
First Merchants Corp. | 130,395 | 3,890,987 |
Fulton Financial Corp. | 494,985 | 6,598,150 |
Glacier Bancorp, Inc. | 178,625 | 5,396,261 |
Hancock Whitney Corp. | 233,182 | 9,618,757 |
Hanmi Financial Corp. | 110,112 | 1,907,140 |
Heartland Financial USA, Inc. | 98,425 | 3,015,742 |
Heritage Financial Corp. | 95,068 | 1,637,071 |
Hilltop Holdings, Inc. | 247,737 | 7,528,727 |
HomeStreet, Inc. | 186,680 | 1,764,126 |
Hope Bancorp, Inc. | 555,450 | 5,371,201 |
Independent Bank Corp. | 65,312 | 3,528,154 |
Independent Bank Group, Inc. | 76,651 | 3,234,672 |
International Bancshares Corp. | 132,395 | 5,928,648 |
Kearny Financial Corp. | 268,527 | 1,989,785 |
Lakeland Bancorp, Inc. | 68,099 | 920,017 |
Lakeland Financial Corp. | 37,500 | 1,954,875 |
NBT Bancorp, Inc. | 104,333 | 3,591,142 |
Northwest Bancshares, Inc. | 355,256 | 3,907,816 |
OceanFirst Financial Corp. | 134,583 | 2,270,415 |
OFG Bancorp | 133,783 | 4,034,895 |
Old National Bancorp | 670,833 | 10,236,912 |
Pacific Premier Bancorp, Inc. | 186,883 | 4,302,047 |
PacWest Bancorp | 877,391 | 6,975,258 |
Park National Corp. | 32,763 | 3,333,963 |
Pathward Financial, Inc. | 69,917 | 3,444,811 |
Pinnacle Financial Partners, Inc. | 129,783 | 8,638,356 |
Premier Financial Corp. | 62,246 | 1,172,715 |
Prosperity Bancshares, Inc. | 180,685 | 10,264,715 |
Provident Financial Services, Inc. | 213,811 | 3,523,605 |
Renasant Corp. | 148,897 | 4,146,781 |
S&T Bancorp, Inc. | 109,270 | 3,095,619 |
Sandy Spring Bancorp, Inc. | 129,998 | 2,891,156 |
Simmons First National Corp., Class A | 382,309 | 6,812,746 |
Southside Bancshares, Inc. | 83,776 | 2,521,658 |
SouthState Corp. | 110,979 | 8,023,782 |
Texas Capital Bancshares, Inc. * | 124,006 | 7,742,935 |
The Bank of N.T. Butterfield & Son Ltd. | 167,831 | 4,887,239 |
Tompkins Financial Corp. | 36,846 | 1,913,413 |
Towne Bank | 162,352 | 3,831,507 |
TriCo Bancshares | 55,371 | 1,901,440 |
Trustmark Corp. | 218,395 | 5,031,821 |
UMB Financial Corp. | 100,613 | 6,359,748 |
United Bankshares, Inc. | 283,570 | 8,529,786 |
United Community Banks, Inc. | 176,089 | 4,754,403 |
Valley National Bancorp | 1,056,027 | 9,694,328 |
Veritex Holdings, Inc. | 72,632 | 1,366,208 |
Washington Federal, Inc. | 296,757 | 8,065,855 |
Washington Trust Bancorp, Inc. | 60,061 | 1,681,708 |
Webster Financial Corp. | 246,388 | 10,449,315 |
WesBanco, Inc. | 178,309 | 4,521,916 |
Westamerica BanCorp | 51,961 | 2,287,843 |
Western Alliance Bancorp | 175,445 | 8,774,004 |
Wintrust Financial Corp. | 132,791 | 10,305,910 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
WSFS Financial Corp. | 98,305 | 3,863,387 |
473,691,370 | ||
Capital Goods 12.5% | ||
AAON, Inc. | 70,262 | 4,430,722 |
AAR Corp. * | 166,089 | 10,231,082 |
Advanced Drainage Systems, Inc. | 57,750 | 7,401,240 |
Alamo Group, Inc. | 29,567 | 5,075,176 |
Albany International Corp., Class A | 70,478 | 6,534,720 |
American Woodmark Corp. * | 144,085 | 11,191,082 |
API Group Corp. * | 375,012 | 10,556,588 |
Apogee Enterprises, Inc. | 158,827 | 8,014,410 |
Applied Industrial Technologies, Inc. | 96,037 | 14,825,232 |
Arcosa, Inc. | 178,248 | 13,942,559 |
Argan, Inc. | 76,863 | 3,265,140 |
Armstrong World Industries, Inc. | 136,190 | 10,430,792 |
Astec Industries, Inc. | 149,326 | 8,186,051 |
Atkore, Inc. * | 65,986 | 10,159,864 |
AZZ, Inc. | 148,545 | 7,293,560 |
Barnes Group, Inc. | 263,621 | 10,360,305 |
Beacon Roofing Supply, Inc. * | 209,918 | 16,761,952 |
BlueLinx Holdings, Inc. * | 30,066 | 2,683,691 |
BWX Technologies, Inc. | 216,148 | 15,943,077 |
Columbus McKinnon Corp. | 107,517 | 4,050,165 |
Comfort Systems USA, Inc. | 74,070 | 13,671,100 |
Construction Partners, Inc., Class A * | 81,697 | 2,838,971 |
Core & Main, Inc., Class A * | 130,636 | 4,290,086 |
Crane Co. | 122,705 | 11,180,880 |
CSW Industrials, Inc. | 19,500 | 3,502,785 |
Douglas Dynamics, Inc. | 78,451 | 2,374,712 |
Ducommun, Inc. * | 25,766 | 1,171,580 |
DXP Enterprises, Inc. * | 113,987 | 4,054,518 |
Dycom Industries, Inc. * | 134,647 | 13,455,275 |
Encore Wire Corp. | 57,842 | 9,532,940 |
Enerpac Tool Group Corp. | 104,141 | 2,728,494 |
EnerSys | 173,196 | 18,182,116 |
EnPro Industries, Inc. | 55,588 | 7,581,647 |
Esab Corp. | 121,382 | 8,760,139 |
ESCO Technologies, Inc. | 51,943 | 5,558,420 |
Federal Signal Corp. | 136,324 | 8,308,948 |
Franklin Electric Co., Inc. | 92,028 | 8,900,028 |
FTAI Aviation Ltd. | 115,950 | 4,285,512 |
Gates Industrial Corp. plc * | 469,105 | 5,760,609 |
GATX Corp. | 143,403 | 16,941,630 |
Generac Holdings, Inc. * | 99,599 | 11,833,357 |
Gibraltar Industries, Inc. * | 113,272 | 8,498,798 |
GMS, Inc. * | 177,864 | 12,333,090 |
GrafTech International Ltd. | 1,948,114 | 6,896,324 |
Granite Construction, Inc. | 293,772 | 12,129,846 |
Great Lakes Dredge & Dock Corp. * | 414,674 | 3,661,571 |
Griffon Corp. | 150,618 | 6,306,376 |
H&E Equipment Services, Inc. | 170,468 | 7,725,610 |
HEICO Corp. | 75,890 | 12,803,402 |
Herc Holdings, Inc. | 81,352 | 10,587,149 |
Hillenbrand, Inc. | 198,147 | 9,598,241 |
Hillman Solutions Corp. * | 215,340 | 1,948,827 |
JELD-WEN Holding, Inc. * | 1,055,947 | 15,923,681 |
John Bean Technologies Corp. | 69,052 | 7,589,505 |
Kadant, Inc. | 18,831 | 4,137,924 |
Kaman Corp. | 237,499 | 5,327,103 |
Kennametal, Inc. | 430,359 | 11,391,603 |
Kratos Defense & Security Solutions, Inc. * | 248,137 | 3,992,524 |
Lindsay Corp. | 19,261 | 2,390,290 |
Masonite International Corp. * | 126,188 | 12,960,769 |
McGrath RentCorp | 60,301 | 6,096,431 |
Mercury Systems, Inc. * | 83,630 | 3,282,478 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Moog, Inc., Class A | 124,119 | 14,417,663 |
MRC Global, Inc. * | 675,473 | 6,295,408 |
Mueller Water Products, Inc., Class A | 492,241 | 6,950,443 |
MYR Group, Inc. * | 61,089 | 8,678,914 |
National Presto Industries, Inc. | 37,020 | 2,770,947 |
NOW, Inc. * | 908,146 | 10,143,991 |
Parsons Corp. * | 93,990 | 5,359,310 |
PGT Innovations, Inc. * | 156,659 | 4,416,217 |
Primoris Services Corp. | 429,817 | 15,202,627 |
Proto Labs, Inc. * | 122,573 | 3,615,904 |
Quanex Building Products Corp. | 185,087 | 4,993,647 |
RBC Bearings, Inc. * | 21,782 | 5,021,622 |
REV Group, Inc. | 278,599 | 3,783,374 |
Rush Enterprises, Inc., Class A | 391,389 | 16,207,419 |
Simpson Manufacturing Co., Inc. | 98,615 | 15,754,732 |
SiteOne Landscape Supply, Inc. * | 64,983 | 11,124,440 |
SPX Technologies, Inc. * | 62,367 | 4,928,240 |
Standex International Corp. | 36,868 | 5,664,031 |
Sterling Infrastructure, Inc. * | 84,106 | 6,960,613 |
Tennant Co. | 64,284 | 5,298,930 |
Terex Corp. | 277,416 | 16,814,184 |
Textainer Group Holdings Ltd. | 121,520 | 4,815,838 |
The AZEK Co., Inc. * | 151,135 | 5,140,101 |
The Gorman-Rupp Co. | 110,454 | 3,549,992 |
The Greenbrier Cos., Inc. | 372,837 | 15,867,943 |
The Manitowoc Co., Inc. * | 405,712 | 6,864,647 |
The Shyft Group, Inc. | 120,402 | 1,887,903 |
Titan Machinery, Inc. * | 104,179 | 3,231,633 |
TPI Composites, Inc. * | 210,780 | 1,064,439 |
Trex Co., Inc. * | 146,068 | 10,424,873 |
Trinity Industries, Inc. | 408,599 | 10,243,577 |
Tutor Perini Corp. * | 1,339,740 | 11,910,289 |
Valmont Industries, Inc. | 45,102 | 11,433,357 |
Veritiv Corp. | 101,082 | 17,015,133 |
Vertiv Holdings Co. | 270,918 | 10,671,460 |
Wabash National Corp. | 333,815 | 7,527,528 |
Watts Water Technologies, Inc., Class A | 53,633 | 10,124,301 |
WillScot Mobile Mini Holdings Corp. * | 123,463 | 5,064,452 |
Woodward, Inc. | 137,260 | 17,757,326 |
Zurn Elkay Water Solutions Corp., Class C | 156,308 | 4,629,843 |
845,459,988 | ||
Commercial & Professional Services 5.4% | ||
ACCO Brands Corp. | 1,225,244 | 6,530,551 |
Barrett Business Services, Inc. | 25,636 | 2,452,852 |
BrightView Holdings, Inc. * | 548,445 | 4,541,125 |
Casella Waste Systems, Inc., Class A * | 35,601 | 2,804,291 |
CBIZ, Inc. * | 93,738 | 5,259,639 |
Ceridian HCM Holding, Inc. * | 38,016 | 2,756,920 |
Cimpress plc * | 153,909 | 9,944,061 |
Clarivate plc * | 478,808 | 3,557,543 |
Clean Harbors, Inc. * | 109,411 | 18,527,659 |
Conduent, Inc. * | 1,767,360 | 5,549,510 |
CoreCivic, Inc. * | 1,404,464 | 15,112,033 |
CRA International, Inc. | 10,064 | 1,093,252 |
CSG Systems International, Inc. | 97,797 | 5,311,355 |
Deluxe Corp. | 592,579 | 11,981,947 |
Dun & Bradstreet Holdings, Inc. | 436,418 | 4,756,956 |
Ennis, Inc. | 79,459 | 1,692,477 |
Enviri Corp. * | 862,590 | 6,426,296 |
ExlService Holdings, Inc. * | 182,520 | 5,335,060 |
Exponent, Inc. | 41,797 | 3,755,878 |
FTI Consulting, Inc. * | 85,051 | 15,804,177 |
Healthcare Services Group, Inc. | 706,130 | 8,155,802 |
Heidrick & Struggles International, Inc. | 81,284 | 2,153,213 |
HNI Corp. | 337,797 | 11,066,230 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Huron Consulting Group, Inc. * | 42,822 | 4,280,059 |
ICF International, Inc. | 55,911 | 7,551,340 |
Insperity, Inc. | 57,326 | 5,808,844 |
Interface, Inc. | 466,962 | 4,823,717 |
Kelly Services, Inc., Class A | 829,641 | 15,340,062 |
Kforce, Inc. | 99,233 | 6,216,947 |
Korn Ferry | 194,417 | 9,911,379 |
Matthews International Corp., Class A | 180,186 | 7,600,245 |
MillerKnoll, Inc. | 478,611 | 9,141,470 |
MSA Safety, Inc. | 52,421 | 9,576,268 |
NV5 Global, Inc. * | 10,951 | 1,114,593 |
OPENLANE, Inc. * | 678,997 | 10,599,143 |
Paycom Software, Inc. | 17,811 | 5,251,395 |
Pitney Bowes, Inc. | 2,604,499 | 8,568,802 |
Resources Connection, Inc. | 210,060 | 3,258,031 |
Rollins, Inc. | 198,216 | 7,843,407 |
SP Plus Corp. * | 73,218 | 2,867,949 |
Steelcase, Inc., Class A | 1,213,849 | 11,009,610 |
Stericycle, Inc. * | 237,475 | 10,498,770 |
Tetra Tech, Inc. | 87,283 | 13,733,980 |
The Brink's Co. | 135,203 | 10,249,739 |
The GEO Group, Inc. * | 1,575,784 | 11,408,676 |
TriNet Group, Inc. * | 94,328 | 10,463,805 |
TrueBlue, Inc. * | 428,362 | 6,481,117 |
TTEC Holdings, Inc. | 62,404 | 1,857,143 |
UniFirst Corp. | 59,301 | 10,444,685 |
Verra Mobility Corp. * | 161,963 | 2,881,322 |
363,351,325 | ||
Consumer Discretionary Distribution & Retail 4.9% | ||
1-800-Flowers.com, Inc., Class A * | 263,952 | 1,987,559 |
Abercrombie & Fitch Co., Class A * | 527,595 | 28,358,231 |
American Eagle Outfitters, Inc. | 1,181,718 | 20,041,937 |
America's Car-Mart, Inc. * | 31,632 | 3,520,958 |
Arko Corp. | 323,310 | 2,434,524 |
Big 5 Sporting Goods Corp. (a) | 312,057 | 2,474,612 |
Boot Barn Holdings, Inc. * | 53,969 | 4,951,656 |
Caleres, Inc. | 166,888 | 4,784,679 |
Camping World Holdings, Inc., Class A | 102,177 | 2,526,837 |
Chico's FAS, Inc. * | 816,960 | 4,191,005 |
Citi Trends, Inc. * | 136,949 | 2,962,207 |
Conn's, Inc. * | 430,319 | 1,798,733 |
ContextLogic, Inc., Class A *(a) | 178,907 | 958,047 |
Designer Brands, Inc., Class A (a) | 493,924 | 5,191,141 |
Dillard's, Inc., Class A | 24,449 | 8,437,839 |
Etsy, Inc. * | 84,378 | 6,207,690 |
Five Below, Inc. * | 47,179 | 8,112,901 |
Floor & Decor Holdings, Inc., Class A * | 86,230 | 8,597,131 |
GameStop Corp., Class A *(a) | 554,794 | 10,291,429 |
Genesco, Inc. * | 145,120 | 4,974,714 |
Groupon, Inc. *(a) | 405,338 | 5,014,031 |
Guess?, Inc. | 267,938 | 6,446,588 |
Haverty Furniture Cos., Inc. | 150,168 | 4,700,258 |
Hibbett, Inc. | 106,968 | 4,953,688 |
Leslie's, Inc. * | 96,911 | 606,663 |
LL Flooring Holdings, Inc. * | 304,035 | 1,048,921 |
MarineMax, Inc. * | 185,060 | 6,156,946 |
MercadoLibre, Inc. * | 5,292 | 7,262,529 |
Monro, Inc. | 127,772 | 4,183,255 |
National Vision Holdings, Inc. * | 181,808 | 3,328,905 |
Ollie's Bargain Outlet Holdings, Inc. * | 149,108 | 11,493,245 |
Overstock.com, Inc. * | 259,752 | 6,782,125 |
Petco Health & Wellness Co., Inc. * | 202,223 | 1,029,315 |
PetMed Express, Inc. | 133,085 | 1,499,868 |
RH * | 26,729 | 9,761,164 |
Sally Beauty Holdings, Inc. * | 926,058 | 9,408,749 |
Shoe Carnival, Inc. | 131,356 | 3,038,264 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Signet Jewelers Ltd. | 205,796 | 15,434,700 |
Sleep Number Corp. * | 299,761 | 7,667,886 |
Sonic Automotive, Inc., Class A | 198,665 | 10,592,818 |
Sportsman's Warehouse Holdings, Inc. * | 369,024 | 1,775,005 |
Stitch Fix, Inc., Class A * | 906,700 | 3,980,413 |
The Aaron's Co., Inc. | 503,592 | 6,078,355 |
The Buckle, Inc. | 147,060 | 5,373,572 |
The Children's Place, Inc. * | 118,586 | 3,143,715 |
The Container Store Group, Inc. * | 361,867 | 846,769 |
Upbound Group, Inc. | 332,900 | 10,193,398 |
Urban Outfitters, Inc. * | 508,949 | 16,902,196 |
Valvoline, Inc. | 295,626 | 10,181,360 |
Victoria's Secret & Co. * | 352,818 | 6,767,049 |
Vroom, Inc. * | 2,588,764 | 3,391,281 |
Wayfair, Inc., Class A * | 78,973 | 5,457,824 |
Zumiez, Inc. * | 204,220 | 3,878,138 |
331,182,823 | ||
Consumer Durables & Apparel 4.0% | ||
Acushnet Holdings Corp. | 97,105 | 5,685,498 |
Beazer Homes USA, Inc. * | 299,459 | 8,777,143 |
Cavco Industries, Inc. * | 24,228 | 6,772,211 |
Century Communities, Inc. | 156,907 | 11,650,345 |
Columbia Sportswear Co. | 151,372 | 11,101,622 |
Crocs, Inc. * | 85,803 | 8,352,064 |
Ethan Allen Interiors, Inc. | 158,507 | 4,973,950 |
Fossil Group, Inc. * | 1,165,529 | 2,470,921 |
G-III Apparel Group Ltd. * | 597,667 | 11,863,690 |
GoPro, Inc., Class A * | 230,856 | 839,162 |
Helen of Troy Ltd. * | 116,507 | 14,321,040 |
Installed Building Products, Inc. | 46,874 | 6,784,074 |
iRobot Corp. * | 166,062 | 6,458,151 |
Kontoor Brands, Inc. | 141,541 | 6,481,162 |
La-Z-Boy, Inc. | 323,388 | 9,976,520 |
LGI Homes, Inc. * | 89,887 | 11,065,090 |
M/I Homes, Inc. * | 203,403 | 19,970,107 |
Malibu Boats, Inc., Class A * | 50,702 | 2,462,089 |
Mattel, Inc. * | 646,640 | 14,329,542 |
Movado Group, Inc. | 70,794 | 1,936,216 |
Oxford Industries, Inc. | 45,526 | 4,597,671 |
Peloton Interactive, Inc., Class A * | 168,362 | 1,074,150 |
SharkNinja, Inc. * | 170,212 | 5,943,803 |
Skyline Champion Corp. * | 94,677 | 6,747,630 |
Smith & Wesson Brands, Inc. | 463,424 | 5,440,598 |
Sonos, Inc. * | 206,872 | 2,850,696 |
Steven Madden Ltd. | 346,565 | 11,956,492 |
Sturm Ruger & Co., Inc. | 107,072 | 5,522,774 |
TopBuild Corp. * | 71,632 | 20,779,011 |
Topgolf Callaway Brands Corp. * | 200,745 | 3,500,993 |
Tupperware Brands Corp. * | 2,554,833 | 6,361,534 |
Under Armour, Inc., Class A * | 1,407,141 | 10,750,557 |
Vista Outdoor, Inc. * | 237,138 | 6,936,286 |
Wolverine World Wide, Inc. | 660,604 | 5,337,680 |
YETI Holdings, Inc. * | 109,022 | 5,445,649 |
269,516,121 | ||
Consumer Services 5.3% | ||
ADT, Inc. | 1,225,082 | 7,865,026 |
Adtalem Global Education, Inc. * | 255,110 | 11,186,574 |
Airbnb, Inc., Class A * | 18,897 | 2,485,900 |
Arcos Dorados Holdings, Inc., Class A | 456,935 | 4,509,948 |
BJ's Restaurants, Inc. * | 124,162 | 3,651,604 |
Bloomin' Brands, Inc. | 369,686 | 10,373,389 |
Boyd Gaming Corp. | 160,990 | 10,765,401 |
Bright Horizons Family Solutions, Inc. * | 109,774 | 10,364,861 |
Brinker International, Inc. * | 201,300 | 6,588,549 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Caesars Entertainment, Inc. * | 220,110 | 12,163,279 |
Carriage Services, Inc. | 36,367 | 1,120,831 |
Choice Hotels International, Inc. | 32,361 | 4,106,611 |
Churchill Downs, Inc. | 90,191 | 11,299,128 |
Cracker Barrel Old Country Store, Inc. | 129,717 | 10,692,572 |
Dave & Buster's Entertainment, Inc. * | 135,888 | 5,336,322 |
Denny's Corp. * | 280,950 | 2,677,454 |
Dine Brands Global, Inc. | 40,935 | 2,242,419 |
DoorDash, Inc., Class A * | 47,998 | 4,038,072 |
Everi Holdings, Inc. * | 162,724 | 2,352,989 |
Frontdoor, Inc. * | 146,951 | 4,822,932 |
Graham Holdings Co., Class B | 21,423 | 12,560,948 |
Grand Canyon Education, Inc. * | 114,739 | 13,453,148 |
Hilton Grand Vacations, Inc. * | 144,873 | 6,333,848 |
Hyatt Hotels Corp., Class A | 122,753 | 13,798,665 |
International Game Technology plc | 438,918 | 14,054,154 |
Jack in the Box, Inc. | 136,379 | 10,960,780 |
Laureate Education, Inc. | 742,185 | 10,338,637 |
Light & Wonder, Inc. * | 229,576 | 17,601,592 |
Marriott Vacations Worldwide Corp. | 104,922 | 11,403,972 |
Norwegian Cruise Line Holdings Ltd. * | 873,280 | 14,470,250 |
Papa John's International, Inc. | 41,431 | 3,136,327 |
Perdoceo Education Corp. | 333,263 | 5,522,168 |
Planet Fitness, Inc., Class A * | 93,143 | 5,663,094 |
Red Rock Resorts, Inc., Class A | 116,466 | 5,116,351 |
Sabre Corp. * | 2,097,155 | 10,485,775 |
SeaWorld Entertainment, Inc. * | 55,965 | 2,725,496 |
Six Flags Entertainment Corp. * | 528,620 | 12,137,115 |
Strategic Education, Inc. | 77,278 | 5,989,045 |
Stride, Inc. * | 139,326 | 5,919,962 |
Texas Roadhouse, Inc. | 132,016 | 13,742,866 |
The Cheesecake Factory, Inc. | 151,078 | 4,811,834 |
The Wendy's Co. | 499,875 | 9,892,526 |
Wingstop, Inc. | 14,605 | 2,346,147 |
WW International, Inc. * | 758,812 | 7,368,065 |
Wyndham Hotels & Resorts, Inc. | 155,037 | 11,688,239 |
360,164,865 | ||
Consumer Staples Distribution & Retail 0.8% | ||
Grocery Outlet Holding Corp. * | 217,722 | 6,716,724 |
Ingles Markets, Inc., Class A | 129,010 | 10,079,551 |
PriceSmart, Inc. | 152,068 | 12,086,365 |
Rite Aid Corp. *(a)(b) | 3,001,797 | 2,311,384 |
The Andersons, Inc. | 274,795 | 14,113,471 |
The Chefs' Warehouse, Inc. * | 85,085 | 2,428,326 |
Weis Markets, Inc. | 139,997 | 9,081,605 |
56,817,426 | ||
Energy 4.6% | ||
Antero Midstream Corp. | 432,158 | 5,237,755 |
Archrock, Inc. | 769,228 | 9,838,426 |
Berry Corp. | 373,024 | 3,196,816 |
Cactus, Inc., Class A | 58,948 | 3,144,286 |
California Resources Corp. | 130,681 | 7,297,227 |
Callon Petroleum Co. * | 36,814 | 1,444,213 |
ChampionX Corp. | 206,194 | 7,441,541 |
Chord Energy Corp. | 14,590 | 2,356,285 |
Civitas Resources, Inc. | 29,227 | 2,403,044 |
Comstock Resources, Inc. | 105,888 | 1,298,187 |
CONSOL Energy, Inc. | 118,682 | 10,211,399 |
Core Laboratories, Inc. | 194,746 | 4,681,694 |
CVR Energy, Inc. | 184,764 | 6,041,783 |
Denbury, Inc. * | 27,881 | 2,553,342 |
DHT Holdings, Inc. | 645,223 | 5,968,313 |
Diamond Offshore Drilling, Inc. * | 101,580 | 1,510,495 |
Dorian LPG Ltd. | 128,153 | 3,306,347 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Dril-Quip, Inc. * | 144,756 | 3,992,370 |
DTE Midstream LLC | 153,102 | 8,005,704 |
EQT Corp. | 327,832 | 14,168,899 |
Expro Group Holdings N.V. * | 82,836 | 1,947,474 |
Geopark Ltd. | 94,799 | 909,122 |
Golar LNG Ltd. | 140,622 | 3,107,746 |
Green Plains, Inc. * | 234,093 | 7,266,247 |
Helix Energy Solutions Group, Inc. * | 790,654 | 8,017,232 |
International Seaways, Inc. | 72,974 | 3,135,693 |
Kosmos Energy Ltd. * | 1,063,745 | 7,744,064 |
Liberty Energy, Inc. | 389,569 | 6,213,626 |
Magnolia Oil & Gas Corp., Class A | 83,423 | 1,902,044 |
Matador Resources Co. | 134,259 | 8,525,446 |
Nabors Industries Ltd. * | 76,554 | 8,473,762 |
NexTier Oilfield Solutions, Inc. * | 508,088 | 5,390,814 |
Oceaneering International, Inc. * | 470,834 | 10,730,307 |
Oil States International, Inc. * | 523,340 | 4,102,986 |
Par Pacific Holdings, Inc. * | 144,423 | 4,960,930 |
Patterson-UTI Energy, Inc. | 871,816 | 12,327,478 |
Permian Resources Corp. | 336,306 | 4,768,819 |
ProPetro Holding Corp. * | 728,485 | 7,022,595 |
Range Resources Corp. | 204,437 | 6,619,670 |
REX American Resources Corp. * | 44,063 | 1,740,048 |
RPC, Inc. | 353,440 | 2,823,986 |
Scorpio Tankers, Inc. | 97,518 | 4,925,634 |
Select Water Solutions, Inc. | 172,040 | 1,384,922 |
SFL Corp., Ltd. | 643,400 | 7,270,420 |
SM Energy Co. | 357,646 | 15,132,002 |
Talos Energy, Inc. * | 256,542 | 4,417,653 |
Teekay Tankers Ltd., Class A | 106,939 | 4,350,279 |
Texas Pacific Land Corp. | 2,581 | 4,864,540 |
Transocean Ltd. * | 2,324,234 | 19,012,234 |
Tsakos Energy Navigation Ltd. | 75,953 | 1,539,567 |
US Silica Holdings, Inc. * | 269,176 | 3,318,940 |
Valaris Ltd. * | 65,788 | 4,955,152 |
Vital Energy, Inc. * | 44,830 | 2,702,801 |
Weatherford International plc * | 188,553 | 16,690,712 |
312,393,071 | ||
Equity Real Estate Investment Trusts (REITs) 8.2% | ||
Acadia Realty Trust | 294,281 | 4,381,844 |
Agree Realty Corp. | 49,606 | 3,066,643 |
Alexander & Baldwin, Inc. | 368,474 | 6,636,217 |
American Assets Trust, Inc. | 162,938 | 3,488,503 |
American Homes 4 Rent, Class A | 328,930 | 11,854,637 |
Americold Realty Trust, Inc. | 422,517 | 14,217,697 |
Apartment Income REIT Corp. | 343,948 | 11,714,869 |
Apple Hospitality REIT, Inc. | 844,714 | 12,687,604 |
Ashford Hospitality Trust, Inc. * | 629,689 | 1,870,176 |
Brandywine Realty Trust | 1,673,415 | 8,367,075 |
Broadstone Net Lease, Inc. | 161,901 | 2,617,939 |
CBL & Associates Properties, Inc. (a) | 88,924 | 1,902,084 |
Centerspace | 39,994 | 2,589,212 |
Chatham Lodging Trust | 238,844 | 2,335,894 |
Corporate Office Properties Trust | 349,943 | 9,056,525 |
Cousins Properties, Inc. | 414,127 | 9,731,984 |
CubeSmart | 255,897 | 10,673,464 |
DiamondRock Hospitality Co. | 953,821 | 7,687,797 |
Diversified Healthcare Trust | 13,506,761 | 36,670,856 |
Douglas Emmett, Inc. | 792,159 | 10,828,813 |
Easterly Government Properties, Inc. | 222,290 | 2,972,017 |
EastGroup Properties, Inc. | 35,357 | 6,351,178 |
Elme Communities | 289,341 | 4,450,065 |
Empire State Realty Trust, Inc., Class A | 878,465 | 7,668,999 |
EPR Properties | 235,078 | 10,526,793 |
Equity Commonwealth | 147,160 | 2,800,455 |
Equity LifeStyle Properties, Inc. | 208,765 | 13,978,904 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Essential Properties Realty Trust, Inc. | 99,843 | 2,398,229 |
Federal Realty Investment Trust | 151,045 | 14,793,347 |
First Industrial Realty Trust, Inc. | 145,356 | 7,549,791 |
Four Corners Property Trust, Inc. | 105,481 | 2,653,902 |
Getty Realty Corp. | 69,452 | 2,084,949 |
Global Net Lease, Inc. | 410,482 | 4,658,971 |
Healthcare Realty Trust, Inc. | 789,033 | 13,823,858 |
Highwoods Properties, Inc. | 471,054 | 11,225,217 |
Hudson Pacific Properties, Inc. | 1,247,263 | 8,493,861 |
Independence Realty Trust, Inc. | 97,323 | 1,637,946 |
Industrial Logistics Properties Trust | 1,051,767 | 4,133,444 |
InvenTrust Properties Corp. | 94,260 | 2,253,757 |
JBG SMITH Properties | 450,676 | 7,066,600 |
Kilroy Realty Corp. | 355,723 | 13,143,965 |
Kite Realty Group Trust | 278,644 | 6,288,995 |
LTC Properties, Inc. | 81,592 | 2,681,113 |
LXP Industrial Trust | 646,178 | 6,345,468 |
National Health Investors, Inc. | 92,870 | 4,748,443 |
National Storage Affiliates Trust | 83,271 | 2,797,906 |
NNN REIT, Inc. | 262,259 | 10,330,382 |
Office Properties Income Trust | 613,699 | 4,541,373 |
Outfront Media, Inc. | 646,667 | 7,339,670 |
Paramount Group, Inc. | 1,671,198 | 8,589,958 |
Pebblebrook Hotel Trust | 472,436 | 6,836,149 |
Phillips Edison & Co., Inc. | 111,496 | 3,775,255 |
Physicians Realty Trust | 496,231 | 6,902,573 |
Piedmont Office Realty Trust, Inc., Class A | 1,077,045 | 7,399,299 |
PotlatchDeltic Corp. | 227,493 | 10,751,319 |
Rayonier, Inc. | 311,270 | 9,306,973 |
Retail Opportunity Investments Corp. | 314,517 | 4,233,399 |
Rexford Industrial Realty, Inc. | 80,998 | 4,330,963 |
RLJ Lodging Trust | 1,067,937 | 10,668,691 |
RPT Realty | 354,728 | 4,022,615 |
Ryman Hospitality Properties, Inc. | 86,473 | 7,352,799 |
Sabra Health Care REIT, Inc. | 811,952 | 10,173,759 |
SITE Centers Corp. | 677,916 | 9,050,179 |
Spirit Realty Capital, Inc. | 212,180 | 8,192,270 |
STAG Industrial, Inc. | 220,271 | 8,046,500 |
Star Holdings * | 99,513 | 1,355,367 |
Summit Hotel Properties, Inc. | 547,354 | 3,180,127 |
Sunstone Hotel Investors, Inc. | 889,850 | 7,990,853 |
Tanger Factory Outlet Centers, Inc. | 383,989 | 8,927,744 |
Terreno Realty Corp. | 51,821 | 3,155,381 |
The Macerich Co. | 1,428,176 | 16,695,377 |
The Necessity Retail REIT, Inc. | 470,995 | 3,532,462 |
Uniti Group, Inc. | 2,206,467 | 11,848,728 |
Urban Edge Properties | 398,014 | 6,511,509 |
Veris Residential, Inc. * | 319,924 | 5,953,786 |
Xenia Hotels & Resorts, Inc. | 598,115 | 7,057,757 |
557,961,223 | ||
Financial Services 6.1% | ||
A-Mark Precious Metals, Inc. | 169,184 | 5,772,558 |
Apollo Commercial Real Estate Finance, Inc. | 583,842 | 6,375,555 |
Arbor Realty Trust, Inc. (a) | 346,115 | 5,523,995 |
Ares Management Corp., Class A | 71,218 | 7,366,790 |
Artisan Partners Asset Management, Inc., Class A | 238,453 | 9,161,364 |
B. Riley Financial, Inc. (a) | 96,159 | 4,923,822 |
BGC Group, Inc., Class A | 1,322,364 | 6,532,478 |
Blackstone Mortgage Trust, Inc., Class A | 447,889 | 9,862,516 |
Block, Inc. * | 143,879 | 8,294,624 |
Brightsphere Investment Group, Inc. | 316,835 | 6,561,653 |
BrightSpire Capital, Inc. | 331,196 | 2,305,124 |
Cannae Holdings, Inc. * | 204,573 | 4,015,768 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Cohen & Steers, Inc. | 56,195 | 3,662,790 |
Compass Diversified Holdings | 340,675 | 7,034,939 |
Corebridge Financial, Inc. | 248,478 | 4,430,363 |
Credit Acceptance Corp. * | 24,664 | 12,375,655 |
Diamond Hill Investment Group, Inc. | 7,691 | 1,297,933 |
Donnelley Financial Solutions, Inc. * | 81,874 | 4,033,932 |
Encore Capital Group, Inc. * | 129,450 | 6,066,027 |
Enova International, Inc. * | 160,937 | 8,119,272 |
Essent Group Ltd. | 235,204 | 11,811,945 |
Euronet Worldwide, Inc. * | 126,237 | 11,028,064 |
EVERTEC, Inc. | 123,585 | 4,890,258 |
FactSet Research Systems, Inc. | 31,108 | 13,575,842 |
Federal Agricultural Mortgage Corp., Class C | 19,834 | 3,338,459 |
FirstCash Holdings, Inc. | 124,852 | 11,151,781 |
Focus Financial Partners, Inc., Class A *(c) | 67,051 | 3,553,703 |
Granite Point Mortgage Trust, Inc. | 230,567 | 1,231,228 |
Green Dot Corp., Class A * | 236,458 | 3,509,037 |
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 36,120 | 808,004 |
Houlihan Lokey, Inc. | 88,596 | 9,332,703 |
Interactive Brokers Group, Inc., Class A | 51,373 | 4,679,053 |
Jackson Financial, Inc., Class A | 180,463 | 6,785,409 |
KKR Real Estate Finance Trust, Inc. | 116,001 | 1,451,173 |
Ladder Capital Corp. | 517,586 | 5,672,743 |
LendingTree, Inc. * | 90,256 | 1,706,741 |
MarketAxess Holdings, Inc. | 29,424 | 7,089,124 |
MFA Financial, Inc. | 685,895 | 7,517,409 |
Moelis & Co., Class A | 203,345 | 9,640,586 |
Morningstar, Inc. | 24,852 | 5,782,315 |
Mr Cooper Group, Inc. * | 137,578 | 7,795,170 |
Nelnet, Inc., Class A | 50,162 | 4,607,380 |
New York Mortgage Trust, Inc. | 455,220 | 4,333,694 |
NMI Holdings, Inc., Class A * | 152,195 | 4,355,821 |
Pagseguro Digital Ltd., Class A * | 460,737 | 4,137,418 |
Paysafe Ltd. * | 283,335 | 3,711,689 |
PennyMac Financial Services, Inc. | 140,086 | 10,053,972 |
PennyMac Mortgage Investment Trust | 444,845 | 5,965,371 |
Piper Sandler Cos. | 39,110 | 5,826,608 |
PJT Partners, Inc., Class A | 17,542 | 1,385,643 |
PRA Group, Inc. * | 178,680 | 3,480,686 |
PROG Holdings, Inc. * | 685,489 | 23,512,273 |
Ready Capital Corp. | 428,425 | 4,678,401 |
Redwood Trust, Inc. | 605,152 | 4,847,268 |
StepStone Group, Inc., Class A | 44,229 | 1,365,349 |
Stifel Financial Corp. | 186,560 | 12,130,131 |
StoneCo Ltd., Class A * | 369,047 | 4,524,516 |
TPG RE Finance Trust, Inc. | 445,729 | 3,351,882 |
TPG, Inc. | 123,595 | 3,475,491 |
Tradeweb Markets, Inc., Class A | 68,431 | 5,914,491 |
Two Harbors Investment Corp. | 329,370 | 4,535,425 |
Virtu Financial, Inc., Class A | 346,864 | 6,500,231 |
Virtus Investment Partners, Inc. | 19,541 | 4,046,941 |
Walker & Dunlop, Inc. | 100,019 | 8,535,621 |
WEX, Inc. * | 51,552 | 10,113,471 |
World Acceptance Corp. * | 45,342 | 6,112,555 |
XP, Inc., Class A * | 183,993 | 4,662,383 |
412,232,616 | ||
Food, Beverage & Tobacco 2.4% | ||
Adecoagro S.A. | 679,588 | 7,801,670 |
B&G Foods, Inc. | 715,828 | 9,155,440 |
Brown-Forman Corp., Class B | 217,519 | 14,384,531 |
Calavo Growers, Inc. | 144,137 | 4,750,756 |
Cal-Maine Foods, Inc. | 122,850 | 5,871,002 |
Coca-Cola Consolidated, Inc. | 9,403 | 6,571,757 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Dole plc | 550,827 | 6,565,858 |
Fresh Del Monte Produce, Inc. | 455,274 | 11,632,251 |
Hostess Brands, Inc. * | 234,541 | 6,679,728 |
J&J Snack Foods Corp. | 40,549 | 6,574,209 |
John B Sanfilippo & Son, Inc. | 49,918 | 5,009,271 |
Lancaster Colony Corp. | 43,957 | 7,261,257 |
Mission Produce, Inc. * | 176,634 | 1,681,556 |
National Beverage Corp. * | 54,868 | 2,815,277 |
Nomad Foods Ltd. * | 664,209 | 12,181,593 |
Pilgrim's Pride Corp. * | 302,545 | 7,612,032 |
Seneca Foods Corp., Class A * | 39,002 | 1,882,237 |
The Boston Beer Co., Inc., Class A * | 21,261 | 7,769,407 |
The Hain Celestial Group, Inc. * | 631,859 | 6,691,387 |
The Simply Good Foods Co. * | 42,506 | 1,533,616 |
TreeHouse Foods, Inc. * | 267,491 | 12,443,681 |
Universal Corp. | 230,086 | 10,956,695 |
Vector Group Ltd. | 534,086 | 5,720,061 |
163,545,272 | ||
Health Care Equipment & Services 3.9% | ||
Acadia Healthcare Co., Inc. * | 155,358 | 11,978,102 |
AdaptHealth Corp. * | 92,933 | 1,108,691 |
Addus HomeCare Corp. * | 28,446 | 2,494,714 |
Amedisys, Inc. * | 89,381 | 8,379,469 |
AMN Healthcare Services, Inc. * | 97,975 | 8,659,031 |
Avanos Medical, Inc. * | 118,350 | 2,490,084 |
Brookdale Senior Living, Inc. * | 1,703,868 | 7,241,439 |
Community Health Systems, Inc. * | 2,807,800 | 9,490,364 |
CONMED Corp. | 47,852 | 5,333,584 |
Cross Country Healthcare, Inc. * | 95,691 | 2,465,000 |
DexCom, Inc. * | 48,690 | 4,916,716 |
Embecta Corp. | 257,735 | 4,724,283 |
Enhabit, Inc. * | 377,648 | 4,837,671 |
Enovis Corp. * | 128,912 | 7,224,229 |
Envista Holdings Corp. * | 416,064 | 13,322,369 |
Fulgent Genetics, Inc. * | 36,033 | 1,180,441 |
Globus Medical, Inc., Class A * | 89,564 | 4,845,412 |
Haemonetics Corp. * | 83,818 | 7,520,989 |
HealthEquity, Inc. * | 48,059 | 3,246,385 |
ICU Medical, Inc. * | 40,833 | 5,922,010 |
Insulet Corp. * | 4,272 | 818,985 |
Integer Holdings Corp. * | 97,051 | 8,279,421 |
Integra LifeSciences Holdings Corp. * | 111,095 | 4,725,981 |
LivaNova plc * | 61,336 | 3,407,215 |
Masimo Corp. * | 55,569 | 6,350,425 |
Merit Medical Systems, Inc. * | 63,979 | 4,176,549 |
ModivCare, Inc. * | 49,475 | 1,588,148 |
Multiplan Corp. * | 3,985,107 | 6,814,533 |
National HealthCare Corp. | 40,697 | 2,683,967 |
Neogen Corp. * | 207,318 | 4,793,192 |
NextGen Healthcare, Inc. * | 146,578 | 2,669,185 |
NuVasive, Inc. * | 135,001 | 5,366,290 |
OmniAb, Inc., Class A *(c) | 9,356 | 0 |
OmniAb, Inc., Class B *(c) | 9,356 | 0 |
Omnicell, Inc. * | 66,078 | 3,757,195 |
OPKO Health, Inc. * | 1,680,194 | 3,074,755 |
Option Care Health, Inc. * | 188,474 | 6,564,549 |
Orthofix Medical, Inc. * | 115,525 | 2,444,509 |
Pediatrix Medical Group, Inc. * | 646,901 | 9,140,711 |
Penumbra, Inc. * | 4,253 | 1,124,919 |
Premier, Inc., Class A | 439,202 | 9,456,019 |
QuidelOrtho Corp. * | 103,029 | 8,485,468 |
RadNet, Inc. * | 102,556 | 3,426,396 |
Select Medical Holdings Corp. | 444,243 | 12,976,338 |
Teladoc Health, Inc. * | 126,959 | 2,874,352 |
The Ensign Group, Inc. | 71,543 | 7,170,039 |
US Physical Therapy, Inc. | 26,652 | 2,687,321 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Varex Imaging Corp. * | 143,979 | 2,832,067 |
Veeva Systems, Inc., Class A * | 46,265 | 9,655,506 |
Veradigm, Inc. * | 627,312 | 8,393,435 |
Zimvie, Inc. * | 251,520 | 2,967,936 |
266,086,389 | ||
Household & Personal Products 1.5% | ||
BellRing Brands, Inc. * | 34,987 | 1,451,961 |
Central Garden & Pet Co., Class A * | 167,437 | 6,831,430 |
Coty, Inc., Class A * | 884,172 | 10,221,028 |
Edgewell Personal Care Co. | 224,587 | 8,660,075 |
Energizer Holdings, Inc. | 228,170 | 7,837,639 |
Herbalife Ltd. * | 681,235 | 10,232,150 |
Inter Parfums, Inc. | 24,566 | 3,432,607 |
Medifast, Inc. | 42,782 | 3,608,234 |
Nu Skin Enterprises, Inc., Class A | 402,100 | 9,606,169 |
Reynolds Consumer Products, Inc. | 130,929 | 3,573,052 |
Spectrum Brands Holdings, Inc. | 280,464 | 23,326,191 |
USANA Health Sciences, Inc. * | 96,284 | 6,190,098 |
WD-40 Co. | 21,096 | 4,532,898 |
99,503,532 | ||
Insurance 2.1% | ||
Ambac Financial Group, Inc. * | 234,385 | 3,018,879 |
American Equity Investment Life Holding Co. | 367,937 | 19,750,858 |
AMERISAFE, Inc. | 82,392 | 4,267,906 |
Argo Group International Holdings Ltd. | 176,035 | 5,237,041 |
Axis Capital Holdings Ltd. | 215,052 | 11,797,753 |
Brighthouse Financial, Inc. * | 51,628 | 2,563,846 |
CNA Financial Corp. | 138,894 | 5,462,701 |
Employers Holdings, Inc. | 139,359 | 5,467,054 |
Enstar Group Ltd. * | 36,384 | 9,215,703 |
Horace Mann Educators Corp. | 131,003 | 3,754,546 |
James River Group Holdings Ltd. | 166,078 | 2,418,096 |
MBIA, Inc. * | 280,174 | 2,210,573 |
Mercury General Corp. | 213,131 | 6,097,678 |
ProAssurance Corp. | 392,546 | 6,940,213 |
RLI Corp. | 45,140 | 5,936,813 |
Safety Insurance Group, Inc. | 66,143 | 4,555,268 |
Selective Insurance Group, Inc. | 119,523 | 11,857,877 |
SiriusPoint Ltd. * | 357,335 | 3,952,125 |
Stewart Information Services Corp. | 214,705 | 9,945,136 |
United Fire Group, Inc. | 121,268 | 2,397,468 |
Universal Insurance Holdings, Inc. | 305,752 | 3,870,820 |
White Mountains Insurance Group Ltd. | 7,748 | 12,309,170 |
143,027,524 | ||
Materials 6.2% | ||
AdvanSix, Inc. | 136,023 | 4,499,641 |
Alpha Metallurgical Resources, Inc. | 35,724 | 7,246,256 |
Alto Ingredients, Inc. * | 1,494,138 | 5,393,838 |
American Vanguard Corp. | 108,374 | 1,497,729 |
Arch Resources, Inc. | 71,289 | 9,310,343 |
Ashland, Inc. | 138,448 | 11,993,750 |
ATI, Inc. * | 157,446 | 7,137,027 |
Avient Corp. | 339,473 | 13,616,262 |
Balchem Corp. | 40,780 | 5,729,590 |
Cabot Corp. | 175,286 | 12,701,223 |
Carpenter Technology Corp. | 237,273 | 14,860,408 |
Century Aluminum Co. * | 304,372 | 2,264,528 |
Clearwater Paper Corp. * | 145,416 | 5,567,979 |
Coeur Mining, Inc. * | 1,162,346 | 2,801,254 |
Compass Minerals International, Inc. | 196,081 | 5,911,842 |
Constellium SE * | 588,337 | 10,590,066 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Ecovyst, Inc. * | 298,885 | 3,060,582 |
Element Solutions, Inc. | 603,490 | 12,443,964 |
Glatfelter Corp. * | 951,388 | 1,902,776 |
Greif, Inc., Class A | 124,705 | 9,052,336 |
H.B. Fuller Co. | 165,648 | 12,014,449 |
Hawkins, Inc. | 65,919 | 4,099,503 |
Hecla Mining Co. | 1,093,210 | 4,799,192 |
Ingevity Corp. * | 109,980 | 5,926,822 |
Innospec, Inc. | 79,578 | 8,548,269 |
Kaiser Aluminum Corp. | 107,492 | 8,160,793 |
Koppers Holdings, Inc. | 156,634 | 5,997,516 |
Livent Corp. * | 96,860 | 2,079,584 |
Materion Corp. | 62,857 | 6,838,213 |
Mativ Holdings, Inc. | 437,330 | 7,172,212 |
Mercer International, Inc. | 383,979 | 3,490,369 |
Minerals Technologies, Inc. | 151,953 | 9,284,328 |
Myers Industries, Inc. | 133,506 | 2,511,248 |
NewMarket Corp. | 28,044 | 13,170,584 |
Olympic Steel, Inc. | 114,243 | 6,114,285 |
Orion S.A. | 291,884 | 6,602,416 |
Pactiv Evergreen, Inc. | 482,876 | 3,969,241 |
Quaker Chemical Corp. | 21,032 | 3,732,759 |
Rayonier Advanced Materials, Inc. * | 961,024 | 3,392,415 |
Royal Gold, Inc. | 71,386 | 8,001,657 |
Ryerson Holding Corp. | 54,355 | 1,692,615 |
Schnitzer Steel Industries, Inc., Class A | 277,277 | 9,205,596 |
Sensient Technologies Corp. | 133,762 | 8,241,077 |
Southern Copper Corp. | 185,681 | 14,977,029 |
Stepan Co. | 99,321 | 8,667,744 |
Summit Materials, Inc., Class A * | 368,458 | 13,784,014 |
SunCoke Energy, Inc. | 716,630 | 6,664,659 |
Sylvamo Corp. | 388,767 | 16,238,798 |
The Scotts Miracle-Gro Co. | 211,389 | 11,977,301 |
TimkenSteel Corp. * | 257,112 | 5,633,324 |
TriMas Corp. | 152,244 | 3,988,793 |
Trinseo plc | 589,516 | 6,207,603 |
Tronox Holdings plc | 658,256 | 8,978,612 |
Westlake Corp. | 120,203 | 15,744,189 |
Worthington Industries, Inc. | 197,514 | 14,866,879 |
420,355,482 | ||
Media & Entertainment 3.3% | ||
AMC Entertainment Holdings, Inc., Class A *(a) | 58,035 | 728,339 |
AMC Networks, Inc., Class A * | 685,630 | 7,980,733 |
Bumble, Inc., Class A * | 136,005 | 2,282,164 |
Cable One, Inc. | 14,128 | 9,191,253 |
Cargurus, Inc. * | 76,747 | 1,389,888 |
Cars.com, Inc. * | 179,426 | 3,353,472 |
Cinemark Holdings, Inc. * | 746,706 | 12,156,374 |
Clear Channel Outdoor Holdings, Inc. * | 7,457,246 | 10,813,007 |
Gannett Co., Inc. * | 2,063,168 | 6,003,819 |
Gray Television, Inc. | 843,791 | 6,800,955 |
IAC, Inc. * | 148,855 | 8,236,147 |
iHeartMedia, Inc., Class A * | 1,926,988 | 6,956,427 |
John Wiley & Sons, Inc., Class A | 190,635 | 7,083,997 |
Liberty Broadband Corp., Class C * | 16,782 | 1,570,124 |
Liberty Media Corp.-Liberty Formula One, Class C * | 131,652 | 9,056,341 |
Lions Gate Entertainment Corp., Class A * | 1,004,054 | 7,952,108 |
Madison Square Garden Entertainment Corp. * | 60,689 | 1,947,510 |
Match Group, Inc. * | 231,284 | 10,840,281 |
Pinterest, Inc., Class A * | 213,905 | 5,880,248 |
Roku, Inc. * | 64,124 | 5,206,869 |
Scholastic Corp. | 142,908 | 6,209,353 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Shutterstock, Inc. | 42,704 | 1,798,265 |
Sinclair, Inc. | 261,140 | 3,295,587 |
Sirius XM Holdings, Inc. (a) | 2,125,062 | 9,350,273 |
Sphere Entertainment Co. * | 56,421 | 1,978,120 |
Spotify Technology S.A. * | 112,766 | 17,362,581 |
Taboola.com Ltd. * | 349,601 | 1,311,004 |
The E.W. Scripps Co., Class A * | 343,590 | 2,625,028 |
The New York Times Co., Class A | 299,754 | 13,270,109 |
The Trade Desk, Inc., Class A * | 49,677 | 3,975,650 |
Thryv Holdings, Inc. * | 132,723 | 2,706,222 |
TripAdvisor, Inc. * | 364,956 | 5,514,485 |
WideOpenWest, Inc. * | 281,202 | 2,277,736 |
World Wrestling Entertainment, Inc., Class A | 41,705 | 4,026,618 |
Yelp, Inc. * | 296,112 | 12,688,399 |
Ziff Davis, Inc. * | 136,774 | 9,115,987 |
ZoomInfo Technologies, Inc. * | 57,815 | 1,041,826 |
223,977,299 | ||
Pharmaceuticals, Biotechnology & Life Sciences 2.2% | ||
Alkermes plc * | 133,344 | 3,892,311 |
Azenta, Inc. * | 84,721 | 4,780,806 |
BioMarin Pharmaceutical, Inc. * | 72,491 | 6,624,228 |
Bio-Rad Laboratories, Inc., Class A * | 26,667 | 10,672,134 |
Bio-Techne Corp. | 90,217 | 7,073,013 |
Bruker Corp. | 127,249 | 8,347,534 |
Charles River Laboratories International, Inc. * | 61,679 | 12,756,451 |
Corcept Therapeutics, Inc. * | 119,315 | 3,905,180 |
Elanco Animal Health, Inc. * | 1,051,361 | 12,826,604 |
Emergent BioSolutions, Inc. * | 568,584 | 2,666,659 |
Exact Sciences Corp. * | 50,654 | 4,238,220 |
Exelixis, Inc. * | 440,162 | 9,855,227 |
Halozyme Therapeutics, Inc. * | 35,300 | 1,502,368 |
Horizon Therapeutics plc * | 127,919 | 14,421,588 |
Incyte Corp. * | 130,255 | 8,405,355 |
Innoviva, Inc. * | 173,717 | 2,214,892 |
Medpace Holdings, Inc. * | 20,301 | 5,486,751 |
Myriad Genetics, Inc. * | 180,267 | 3,217,766 |
Neurocrine Biosciences, Inc. * | 18,369 | 2,000,201 |
Prestige Consumer Healthcare, Inc. * | 115,525 | 6,738,573 |
Repligen Corp. * | 7,742 | 1,346,411 |
Royalty Pharma plc, Class A | 323,958 | 9,660,428 |
Seagen, Inc. * | 25,444 | 5,243,245 |
Supernus Pharmaceuticals, Inc. * | 85,430 | 2,720,091 |
150,596,036 | ||
Real Estate Management & Development 0.8% | ||
CoStar Group, Inc. * | 155,924 | 12,784,209 |
Cushman & Wakefield plc * | 724,902 | 6,661,849 |
Douglas Elliman, Inc. | 341,941 | 858,272 |
eXp World Holdings, Inc. | 95,884 | 1,842,891 |
Howard Hughes Holdings, Inc. * | 62,700 | 4,931,355 |
Kennedy-Wilson Holdings, Inc. | 434,925 | 6,945,752 |
Marcus & Millichap, Inc. | 92,907 | 3,093,803 |
Newmark Group, Inc., Class A | 633,388 | 4,490,721 |
Opendoor Technologies, Inc. * | 1,151,587 | 4,491,189 |
The RMR Group, Inc., Class A | 43,386 | 1,096,798 |
Zillow Group, Inc., Class C * | 183,457 | 9,569,117 |
56,765,956 | ||
Semiconductors & Semiconductor Equipment 2.2% | ||
Amkor Technology, Inc. | 460,461 | 12,874,490 |
Axcelis Technologies, Inc. * | 30,042 | 5,772,570 |
Cirrus Logic, Inc. * | 176,256 | 14,460,042 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Cohu, Inc. * | 44,223 | 1,653,498 |
Diodes, Inc. * | 105,356 | 8,623,389 |
Enphase Energy, Inc. * | 10,318 | 1,305,537 |
Entegris, Inc. | 179,833 | 18,211,688 |
FormFactor, Inc. * | 146,424 | 5,171,696 |
GLOBALFOUNDRIES, Inc. *(a) | 31,750 | 1,754,188 |
Ichor Holdings Ltd. * | 100,813 | 3,692,780 |
Kulicke & Soffa Industries, Inc. | 148,497 | 7,681,750 |
Lattice Semiconductor Corp. * | 34,569 | 3,362,181 |
Magnachip Semiconductor Corp. * | 176,769 | 1,453,041 |
Monolithic Power Systems, Inc. | 15,470 | 8,063,119 |
Onto Innovation, Inc. * | 42,475 | 5,903,175 |
Photronics, Inc. * | 249,252 | 5,922,228 |
Power Integrations, Inc. | 69,404 | 5,831,324 |
Semtech Corp. * | 182,842 | 4,781,318 |
Silicon Laboratories, Inc. * | 57,154 | 7,707,788 |
SMART Global Holdings, Inc. * | 174,093 | 4,496,822 |
SolarEdge Technologies, Inc. * | 18,797 | 3,055,828 |
Synaptics, Inc. * | 77,272 | 6,764,391 |
Ultra Clean Holdings, Inc. * | 148,009 | 5,203,996 |
Universal Display Corp. | 33,238 | 5,403,169 |
Wolfspeed, Inc. * | 59,597 | 2,849,929 |
151,999,937 | ||
Software & Services 4.0% | ||
ACI Worldwide, Inc. * | 306,139 | 7,433,055 |
Alarm.com Holdings, Inc. * | 45,429 | 2,660,777 |
AppLovin Corp., Class A * | 101,080 | 4,368,678 |
Bentley Systems, Inc., Class B | 108,541 | 5,417,281 |
Black Knight, Inc. * | 171,842 | 13,018,750 |
Blackbaud, Inc. * | 62,666 | 4,769,509 |
Cerence, Inc. * | 170,645 | 4,453,834 |
CommVault Systems, Inc. * | 86,568 | 5,913,460 |
Consensus Cloud Solutions, Inc. * | 64,332 | 2,054,121 |
Dolby Laboratories, Inc., Class A | 127,790 | 10,794,421 |
Dropbox, Inc., Class A * | 475,029 | 13,201,056 |
Ebix, Inc. | 198,022 | 3,306,967 |
Envestnet, Inc. * | 66,300 | 3,621,969 |
EPAM Systems, Inc. * | 42,166 | 10,920,572 |
Fair Isaac Corp. * | 19,509 | 17,647,646 |
Globant S.A. * | 22,791 | 4,660,076 |
GoDaddy, Inc., Class A * | 162,282 | 11,767,068 |
Guidewire Software, Inc. * | 43,809 | 3,786,412 |
InterDigital, Inc. | 115,838 | 10,044,313 |
LiveRamp Holdings, Inc. * | 305,863 | 9,891,609 |
Manhattan Associates, Inc. * | 49,456 | 10,020,775 |
Palantir Technologies, Inc., Class A * | 162,956 | 2,441,081 |
Pegasystems, Inc. | 69,890 | 3,470,737 |
Perficient, Inc. * | 44,459 | 2,836,040 |
Progress Software Corp. | 78,895 | 4,799,972 |
PTC, Inc. * | 46,586 | 6,856,062 |
Qualys, Inc. * | 27,180 | 4,230,567 |
Rackspace Technology, Inc. * | 742,199 | 1,855,498 |
RingCentral, Inc., Class A * | 199,650 | 6,175,174 |
ServiceNow, Inc. * | 22,611 | 13,314,035 |
Snowflake, Inc., Class A * | 7,384 | 1,158,180 |
Splunk, Inc. * | 97,268 | 11,794,718 |
SPS Commerce, Inc. * | 7,199 | 1,339,950 |
Teradata Corp. * | 329,578 | 15,249,574 |
Twilio, Inc., Class A * | 90,729 | 5,780,345 |
Tyler Technologies, Inc. * | 21,376 | 8,516,840 |
Unisys Corp. * | 837,876 | 3,376,640 |
Verint Systems, Inc. * | 71,879 | 2,328,161 |
Workday, Inc., Class A * | 35,055 | 8,570,947 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Zoom Video Communications, Inc., Class A * | 97,031 | 6,892,112 |
270,738,982 | ||
Technology Hardware & Equipment 4.5% | ||
ADTRAN Holdings, Inc. | 193,307 | 1,652,775 |
Advanced Energy Industries, Inc. | 67,396 | 7,957,446 |
Badger Meter, Inc. | 32,399 | 5,380,826 |
Belden, Inc. | 112,206 | 10,536,143 |
Benchmark Electronics, Inc. | 457,848 | 11,785,008 |
Cognex Corp. | 222,098 | 10,456,374 |
Coherent Corp. * | 284,693 | 10,712,998 |
CommScope Holding Co., Inc. * | 1,627,680 | 5,436,451 |
Comtech Telecommunications Corp. | 240,223 | 2,414,241 |
Crane NXT Co. | 123,043 | 7,303,833 |
CTS Corp. | 74,973 | 3,347,544 |
ePlus, Inc. * | 133,411 | 8,855,822 |
Fabrinet * | 77,374 | 12,439,418 |
IPG Photonics Corp. * | 99,015 | 10,729,265 |
Itron, Inc. * | 122,293 | 8,366,064 |
Knowles Corp. * | 343,846 | 5,511,851 |
Littelfuse, Inc. | 45,425 | 12,132,109 |
Lumentum Holdings, Inc. * | 141,224 | 7,644,455 |
Methode Electronics, Inc. | 152,703 | 4,924,672 |
National Instruments Corp. | 274,318 | 16,349,353 |
NETGEAR, Inc. * | 287,210 | 3,785,428 |
NetScout Systems, Inc. * | 274,139 | 7,848,600 |
Novanta, Inc. * | 20,782 | 3,470,178 |
OSI Systems, Inc. * | 59,347 | 8,091,963 |
PC Connection, Inc. | 110,885 | 5,890,211 |
Plexus Corp. * | 131,157 | 13,318,993 |
Pure Storage, Inc., Class A * | 80,633 | 2,950,361 |
Rogers Corp. * | 41,837 | 6,045,865 |
ScanSource, Inc. * | 331,448 | 10,864,865 |
Stratasys Ltd. * | 195,927 | 2,880,127 |
Super Micro Computer, Inc. * | 116,046 | 31,921,934 |
TTM Technologies, Inc. * | 798,259 | 11,894,059 |
ViaSat, Inc. * | 269,685 | 7,481,062 |
Viavi Solutions, Inc. * | 481,104 | 5,027,537 |
Vontier Corp. | 561,972 | 17,651,541 |
303,059,372 | ||
Telecommunication Services 0.8% | ||
ATN International, Inc. | 59,592 | 2,137,565 |
Cogent Communications Holdings, Inc. | 81,149 | 5,727,496 |
Consolidated Communications Holdings, Inc. * | 1,273,460 | 5,030,167 |
EchoStar Corp., Class A * | 356,160 | 6,190,061 |
Frontier Communications Parent, Inc. * | 469,908 | 7,527,926 |
GCI Liberty, Inc. *(c) | 31,423 | 5,674 |
Iridium Communications, Inc. | 95,670 | 4,683,047 |
Liberty Latin America Ltd., Class A * | 111,234 | 994,432 |
Liberty Latin America Ltd., Class C * | 1,844,748 | 16,528,942 |
Shenandoah Telecommunications Co. | 222,211 | 5,053,078 |
53,878,388 | ||
Transportation 3.1% | ||
Air Transport Services Group, Inc. * | 282,700 | 6,095,012 |
Alaska Air Group, Inc. * | 156,763 | 6,579,343 |
American Airlines Group, Inc. * | 1,035,900 | 15,258,807 |
ArcBest Corp. | 137,349 | 14,502,681 |
Costamare, Inc. | 263,571 | 2,717,417 |
Covenant Logistics Group, Inc. | 73,725 | 3,625,058 |
Danaos Corp. | 43,519 | 2,920,995 |
Daseke, Inc. * | 1,447,609 | 7,672,328 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Forward Air Corp. | 77,594 | 5,495,207 |
Genco Shipping & Trading Ltd. | 74,037 | 1,012,086 |
Golden Ocean Group Ltd. (a) | 447,771 | 3,273,206 |
Heartland Express, Inc. | 236,942 | 3,575,455 |
Hub Group, Inc., Class A * | 177,872 | 13,881,131 |
JetBlue Airways Corp. * | 859,992 | 5,091,153 |
Kirby Corp. * | 163,932 | 13,578,487 |
Lyft, Inc., Class A * | 407,637 | 4,801,964 |
Marten Transport Ltd. | 229,299 | 4,815,279 |
Matson, Inc. | 40,515 | 3,560,458 |
RXO, Inc. * | 535,376 | 9,679,598 |
Saia, Inc. * | 41,426 | 17,655,761 |
Schneider National, Inc., Class B | 334,781 | 9,678,519 |
SkyWest, Inc. * | 200,909 | 9,060,996 |
Spirit Airlines, Inc. | 136,590 | 2,253,735 |
Star Bulk Carriers Corp. | 102,670 | 1,805,965 |
U-Haul Holding Co.,Non Voting | 231,691 | 12,335,229 |
XPO, Inc. * | 378,124 | 28,219,394 |
209,145,264 | ||
Utilities 2.5% | ||
ALLETE, Inc. | 198,028 | 10,871,737 |
American States Water Co. | 49,799 | 4,193,574 |
Atlantica Sustainable Infrastructure plc | 254,675 | 5,717,454 |
Avangrid, Inc. | 232,271 | 8,013,349 |
Avista Corp. | 295,893 | 9,850,278 |
California Water Service Group | 93,361 | 4,691,390 |
Chesapeake Utilities Corp. | 32,639 | 3,593,554 |
Clearway Energy, Inc., Class C | 188,376 | 4,666,074 |
Essential Utilities, Inc. | 303,785 | 11,209,666 |
Hawaiian Electric Industries, Inc. (a) | 380,996 | 5,341,564 |
IDACORP, Inc. | 126,985 | 12,170,242 |
MGE Energy, Inc. | 72,762 | 5,270,152 |
New Jersey Resources Corp. | 240,940 | 10,160,440 |
Northwest Natural Holding Co. | 114,641 | 4,503,098 |
NorthWestern Corp. | 216,419 | 10,907,518 |
ONE Gas, Inc. | 159,162 | 11,534,470 |
Ormat Technologies, Inc. | 73,288 | 5,565,491 |
Otter Tail Corp. | 96,179 | 7,922,264 |
PNM Resources, Inc. | 270,600 | 11,990,286 |
ReNew Energy Global PLC, Class A * | 257,871 | 1,573,013 |
SJW Group | 49,163 | 3,232,959 |
Spire, Inc. | 182,987 | 10,688,271 |
Unitil Corp. | 57,501 | 2,807,199 |
166,474,043 | ||
Total Common Stocks (Cost $6,379,545,638) | 6,773,911,473 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.8% OF NET ASSETS | ||
Money Market Funds 0.8% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (d) | 6,330,994 | 6,330,994 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (d)(e) | 50,250,646 | 50,250,646 |
56,581,640 | ||
Total Short-Term Investments (Cost $56,581,640) | 56,581,640 | |
Total Investments in Securities (Cost $6,436,127,278) | 6,830,493,113 |
NUMBER OF CONTRACTS | NOTIONAL AMOUNT ($) | CURRENT VALUE/ UNREALIZED DEPRECIATION ($) | |
FUTURES CONTRACTS | |||
Long | |||
Russell 2000 Index, e-mini, expires 09/15/23 | 162 | 15,402,960 | (47,923 ) |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $48,477,882. |
(b) | On October 15, 2023, the issuer filed for bankruptcy. |
(c) | Fair valued using significant unobservable inputs (see financial note 2(a), Securities for which no quoted value is available, for additional information). |
(d) | The rate shown is the annualized 7-day yield. |
(e) | Security purchased with cash collateral received for securities on loan. |
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 Stocks1 | $6,041,714,080 | $— | $— | $6,041,714,080 |
Financial Services | 408,678,913 | — | 3,553,703 | 412,232,616 |
Health Care Equipment & Services | 266,086,389 | — | 0 * | 266,086,389 |
Telecommunication Services | 53,872,714 | — | 5,674 | 53,878,388 |
Short-Term Investments1 | 56,581,640 | — | — | 56,581,640 |
Liabilities | ||||
Futures Contracts2 | (47,923 ) | — | — | (47,923 ) |
Total | $6,826,885,813 | $— | $3,559,377 | $6,830,445,190 |
* | Level 3 amount shown includes securities determined to have no value at August 31, 2023. |
1 | As categorized in the Portfolio Holdings. |
2 | Futures contracts are reported at cumulative unrealized appreciation or depreciation. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $6,436,127,278) including securities on loan of $48,477,882 | $6,830,493,113 | |
Cash | 724,099 | |
Deposit with broker for futures contracts | 899,000 | |
Receivables: | ||
Dividends | 8,913,565 | |
Fund shares sold | 5,134,204 | |
Investments sold | 1,860,167 | |
Income from securities on loan | + | 423,383 |
Total assets | 6,848,447,531 | |
Liabilities | ||
Collateral held for securities on loan | 50,250,646 | |
Payables: | ||
Investments bought | 11,882,190 | |
Management fees | 1,433,576 | |
Variation margin on futures contracts | + | 48,523 |
Total liabilities | 63,614,935 | |
Net assets | $6,784,832,596 | |
Net Assets by Source | ||
Capital received from investors | $6,898,043,103 | |
Total distributable loss | + | (113,210,507 ) |
Net assets | $6,784,832,596 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$6,784,832,596 | 132,150,000 | $51.34 | ||
For the period March 1, 2023 through August 31, 2023; unaudited | ||
Investment Income | ||
Dividends received from securities - unaffiliated (net of foreign withholding tax of $34,166) | $62,835,204 | |
Securities on loan, net | + | 2,558,063 |
Total investment income | 65,393,267 | |
Expenses | ||
Management fees | 7,968,824 | |
Total expenses | – | 7,968,824 |
Net investment income | 57,424,443 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (95,249,528 ) | |
Net realized gains on sales of in-kind redemptions - unaffiliated | 172,977,599 | |
Net realized gains on futures contracts | + | 206,243 |
Net realized gains | 77,934,314 | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | (65,451,416 ) | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | (40,156 ) |
Net change in unrealized appreciation (depreciation) | + | (65,491,572 ) |
Net realized and unrealized gains | 12,442,742 | |
Increase in net assets resulting from operations | $69,867,185 |
OPERATIONS | |||
3/1/23-8/31/23 | 3/1/22-2/28/23 | ||
Net investment income | $57,424,443 | $85,736,265 | |
Net realized gains | 77,934,314 | 196,878,392 | |
Net change in unrealized appreciation (depreciation) | + | (65,491,572 ) | (327,802,100 ) |
Increase (decrease) in net assets resulting from operations | $69,867,185 | ($45,187,443 ) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($41,576,740 ) | ($74,669,735 ) |
TRANSACTIONS IN FUND SHARES | |||||
3/1/23-8/31/23 | 3/1/22-2/28/23 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 14,800,000 | $718,343,267 | 51,850,000 | $2,567,816,882 | |
Shares redeemed | + | (8,350,000 ) | (394,793,358 ) | (17,500,000 ) | (858,079,463 ) |
Net transactions in fund shares | 6,450,000 | $323,549,909 | 34,350,000 | $1,709,737,419 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
3/1/23-8/31/23 | 3/1/22-2/28/23 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 125,700,000 | $6,432,992,242 | 91,350,000 | $4,843,112,001 | |
Total increase | + | 6,450,000 | 351,840,354 | 34,350,000 | 1,589,880,241 |
End of period | 132,150,000 | $6,784,832,596 | 125,700,000 | $6,432,992,242 |
3/1/23– 8/31/23* | 3/1/22– 2/28/23 | 3/1/21– 2/28/22 | 3/1/20– 2/28/21 | 3/1/19– 2/29/20 | 3/1/18– 2/28/19 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $30.98 | $32.25 | $30.94 | $25.24 | $27.54 | $30.28 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.74 | 1.03 | 1.04 | 0.70 | 0.91 | 0.94 |
Net realized and unrealized gains (losses) | 1.04 | (1.40 ) | 1.42 | 5.64 | (2.29 ) | (2.81 ) |
Total from investment operations | 1.78 | (0.37 ) | 2.46 | 6.34 | (1.38 ) | (1.87 ) |
Less distributions: | ||||||
Distributions from net investment income | (0.38 ) | (0.90 ) | (1.15 ) | (0.64 ) | (0.92 ) | (0.87 ) |
Net asset value at end of period | $32.38 | $30.98 | $32.25 | $30.94 | $25.24 | $27.54 |
Total return | 5.76 %2 | (0.91 %) | 7.95 % | 25.47 % | (5.32 %) | (6.00 %) |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.25 %3 | 0.25 %4 | 0.25 % | 0.25 % | 0.25 % | 0.25 % |
Net investment income (loss) | 4.64 %3 | 3.50 % | 3.16 % | 2.74 % | 3.27 % | 3.29 % |
Portfolio turnover rate5 | 6 %2 | 15 % | 15 % | 15 % | 20 % | 14 % |
Net assets, end of period (x 1,000,000) | $10,766 | $9,343 | $7,382 | $5,721 | $4,417 | $4,084 |
* | Unaudited. |
1 | Calculated based on the average shares outstanding during the period. |
2 | Not annualized. |
3 | Annualized. |
4 | Ratio includes less than 0.005% of non-routine proxy expenses. |
5 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY | NUMBER OF SHARES | VALUE ($) |
COMMON STOCKS 98.5% OF NET ASSETS | ||
Australia 4.7% | ||
AGL Energy Ltd. | 1,675,647 | 12,035,230 |
Amcor plc | 701,974 | 6,864,965 |
AMP Ltd. | 3,888,979 | 3,186,152 |
Ampol Ltd. | 313,129 | 7,158,769 |
ANZ Group Holdings Ltd. | 1,916,000 | 31,431,928 |
APA Group | 499,627 | 2,909,015 |
Aristocrat Leisure Ltd. | 137,285 | 3,636,526 |
Aurizon Holdings Ltd. | 1,899,814 | 4,491,013 |
BHP Group Ltd. | 2,751,853 | 79,933,348 |
BlueScope Steel Ltd. | 611,091 | 8,315,192 |
Brambles Ltd. | 765,037 | 7,417,278 |
Coles Group Ltd. | 742,525 | 7,824,182 |
Commonwealth Bank of Australia | 637,371 | 42,179,218 |
Computershare Ltd. | 142,993 | 2,331,905 |
CSL Ltd. | 60,498 | 10,717,323 |
Downer EDI Ltd. | 1,138,623 | 3,156,197 |
Endeavour Group Ltd. | 497,437 | 1,771,908 |
Fortescue Metals Group Ltd. | 956,187 | 13,271,051 |
Goodman Group | 220,485 | 3,335,740 |
Incitec Pivot Ltd. | 1,186,461 | 2,251,445 |
Insurance Australia Group Ltd. | 1,497,262 | 5,643,664 |
James Hardie Industries plc * | 110,989 | 3,344,670 |
JB Hi-Fi Ltd. | 95,162 | 2,814,718 |
Lendlease Corp., Ltd. | 977,347 | 4,943,564 |
Macquarie Group Ltd. | 101,275 | 11,644,325 |
Medibank Pvt Ltd. | 1,912,962 | 4,534,483 |
Metcash Ltd. | 1,177,001 | 2,843,322 |
Mineral Resources Ltd. | 36,927 | 1,710,695 |
Mirvac Group | 2,048,032 | 3,209,907 |
National Australia Bank Ltd. | 1,482,499 | 27,805,666 |
Newcrest Mining Ltd. | 432,479 | 7,290,873 |
Orica Ltd. | 256,821 | 2,613,046 |
Origin Energy Ltd. | 1,183,539 | 6,676,380 |
QBE Insurance Group Ltd. | 545,984 | 5,297,025 |
Ramsay Health Care Ltd. | 74,025 | 2,466,631 |
Rio Tinto Ltd. | 324,691 | 23,741,301 |
Santos Ltd. | 892,000 | 4,430,988 |
Scentre Group | 2,495,390 | 4,444,383 |
Sims Ltd. | 236,940 | 2,353,987 |
Sonic Healthcare Ltd. | 213,329 | 4,443,306 |
South32 Ltd. | 2,928,431 | 6,448,434 |
Stockland | 1,461,379 | 4,012,999 |
Suncorp Group Ltd. | 987,731 | 8,719,164 |
Telstra Group Ltd. | 3,487,786 | 9,058,046 |
Transurban Group | 575,914 | 4,945,856 |
Treasury Wine Estates Ltd. | 273,872 | 2,069,945 |
Wesfarmers Ltd. | 587,416 | 20,494,299 |
Westpac Banking Corp. | 2,289,988 | 32,554,277 |
Woodside Energy Group Ltd. | 411,780 | 9,872,838 |
Woolworths Group Ltd. | 576,826 | 14,244,656 |
Worley Ltd. | 246,519 | 2,789,225 |
501,681,058 | ||
SECURITY | NUMBER OF SHARES | VALUE ($) |
Austria 0.3% | ||
BAWAG Group AG | 56,340 | 2,662,410 |
Erste Group Bank AG | 253,709 | 9,078,718 |
OMV AG | 179,413 | 8,328,425 |
Raiffeisen Bank International AG * | 207,991 | 2,991,094 |
Voestalpine AG | 218,269 | 6,391,514 |
Wienerberger AG | 104,310 | 2,880,134 |
32,332,295 | ||
Belgium 0.7% | ||
Ageas S.A./N.V. | 174,423 | 6,943,889 |
Anheuser-Busch InBev S.A./N.V. | 530,126 | 30,207,036 |
Etablissements Franz Colruyt N.V. | 97,117 | 3,713,450 |
Groupe Bruxelles Lambert N.V. | 93,638 | 7,557,205 |
KBC Group N.V. | 158,822 | 10,439,176 |
Proximus SADP | 349,899 | 2,649,985 |
Solvay S.A. | 68,735 | 7,974,902 |
UCB S.A. | 56,026 | 5,034,886 |
Umicore S.A. | 191,918 | 5,097,056 |
79,617,585 | ||
Canada 6.5% | ||
Agnico Eagle Mines Ltd. | 144,991 | 7,031,198 |
Algonquin Power & Utilities Corp. | 312,663 | 2,364,125 |
Alimentation Couche-Tard, Inc. | 484,170 | 25,286,561 |
AltaGas Ltd. | 154,453 | 3,016,112 |
ARC Resources Ltd. | 179,386 | 2,732,655 |
Atco Ltd., Class I | 85,621 | 2,360,518 |
B2Gold Corp. | 622,007 | 1,912,524 |
Bank of Montreal | 239,252 | 20,578,555 |
Barrick Gold Corp. | 940,097 | 15,217,210 |
Bausch Health Cos., Inc. * | 542,299 | 4,521,330 |
BCE, Inc. | 202,362 | 8,561,441 |
Canadian Imperial Bank of Commerce | 441,369 | 17,466,201 |
Canadian National Railway Co. | 168,828 | 18,992,292 |
Canadian Natural Resources Ltd. | 440,616 | 28,470,121 |
Canadian Pacific Kansas City Ltd. | 142,306 | 11,281,822 |
Canadian Tire Corp., Ltd., Class A | 51,417 | 6,091,981 |
Cenovus Energy, Inc. | 354,998 | 7,068,736 |
CGI, Inc. * | 95,753 | 9,971,985 |
CI Financial Corp. | 299,093 | 3,833,307 |
Constellation Software, Inc. | 1,396 | 2,863,773 |
Crescent Point Energy Corp. | 351,011 | 2,884,986 |
Dollarama, Inc. | 51,573 | 3,339,599 |
Emera, Inc. | 142,298 | 5,327,169 |
Enbridge, Inc. | 970,706 | 34,036,951 |
Fairfax Financial Holdings Ltd. | 12,183 | 10,033,742 |
Finning International, Inc. | 133,038 | 4,172,218 |
First Quantum Minerals Ltd. | 192,970 | 5,177,435 |
Fortis, Inc. | 233,824 | 9,158,013 |
Franco-Nevada Corp. | 16,851 | 2,424,491 |
George Weston Ltd. | 62,161 | 6,884,826 |
Gildan Activewear, Inc. | 112,624 | 3,354,704 |
Great-West Lifeco, Inc. | 141,839 | 4,070,814 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Hydro One Ltd. | 124,642 | 3,235,468 |
iA Financial Corp., Inc. | 44,526 | 2,789,807 |
Imperial Oil Ltd. | 123,616 | 7,010,648 |
Intact Financial Corp. | 33,931 | 4,777,601 |
Keyera Corp. | 126,611 | 3,123,748 |
Kinross Gold Corp. | 1,277,860 | 6,479,264 |
Linamar Corp. | 60,112 | 3,150,554 |
Loblaw Cos., Ltd. | 103,586 | 8,983,145 |
Lundin Mining Corp. | 445,868 | 3,453,710 |
Magna International, Inc. | 436,346 | 25,633,453 |
Manulife Financial Corp. | 1,046,265 | 19,317,565 |
Methanex Corp. | 55,041 | 2,339,227 |
Metro, Inc. | 134,589 | 6,927,660 |
National Bank of Canada | 112,353 | 7,820,157 |
Northland Power, Inc. | 80,617 | 1,522,425 |
Nutrien Ltd. | 282,314 | 17,859,681 |
Onex Corp. | 211,458 | 13,048,988 |
Open Text Corp. | 98,263 | 3,954,633 |
Parkland Corp. | 145,311 | 3,839,660 |
Pembina Pipeline Corp. | 220,260 | 6,837,592 |
Power Corp. of Canada | 323,285 | 8,817,190 |
Restaurant Brands International, Inc. | 72,669 | 5,040,826 |
RioCan Real Estate Investment Trust | 150,239 | 2,144,289 |
Royal Bank of Canada | 504,471 | 45,392,882 |
Saputo, Inc. | 159,805 | 3,450,168 |
SNC-Lavalin Group, Inc. | 149,197 | 4,855,423 |
Sun Life Financial, Inc. | 240,525 | 11,717,360 |
Suncor Energy, Inc. | 1,107,960 | 37,482,042 |
TC Energy Corp. | 473,331 | 17,072,732 |
Teck Resources Ltd., Class B | 257,427 | 10,632,337 |
TELUS Corp. | 251,512 | 4,411,382 |
TFI International, Inc. | 25,261 | 3,437,714 |
The Bank of Nova Scotia | 686,508 | 32,535,491 |
The Toronto-Dominion Bank | 689,372 | 41,995,669 |
Thomson Reuters Corp. | 38,901 | 5,002,687 |
Tourmaline Oil Corp. | 52,034 | 2,664,870 |
Waste Connections, Inc. | 41,893 | 5,735,806 |
West Fraser Timber Co., Ltd. | 70,886 | 5,351,488 |
Wheaton Precious Metals Corp. | 62,285 | 2,713,388 |
WSP Global, Inc. | 32,372 | 4,528,419 |
697,574,544 | ||
Denmark 1.0% | ||
AP Moller - Maersk A/S, Class A | 3,266 | 5,859,533 |
AP Moller - Maersk A/S, Class B | 5,183 | 9,438,457 |
Carlsberg A/S, Class B | 41,253 | 5,983,441 |
Coloplast A/S, Class B | 26,916 | 3,077,705 |
Danske Bank A/S | 524,309 | 11,807,919 |
DSV A/S | 46,186 | 8,794,034 |
ISS A/S | 155,528 | 2,767,680 |
Novo Nordisk A/S, Class B | 195,527 | 36,275,406 |
Novozymes A/S, Class B | 57,426 | 2,496,255 |
Orsted A/S | 60,390 | 3,891,477 |
Pandora A/S | 53,640 | 5,575,726 |
Vestas Wind Systems A/S * | 334,298 | 7,739,491 |
103,707,124 | ||
Finland 1.0% | ||
Elisa Oyj | 55,549 | 2,729,332 |
Fortum Oyj | 455,624 | 6,131,941 |
Huhtamaki Oyj | 60,861 | 2,094,619 |
Kesko Oyj, B Shares | 215,297 | 4,210,779 |
Kone Oyj, B Shares | 145,351 | 6,625,780 |
Neste Oyj | 179,904 | 6,595,841 |
Nokia Oyj | 3,200,145 | 12,805,971 |
Nokian Renkaat Oyj | 284,421 | 2,471,422 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Nordea Bank Abp | 1,978,023 | 21,721,795 |
Outokumpu Oyj | 587,458 | 2,742,944 |
Sampo Oyj, A Shares | 215,407 | 9,475,587 |
Stora Enso Oyj, R Shares | 498,876 | 6,364,803 |
UPM-Kymmene Oyj | 386,298 | 13,257,268 |
Valmet Oyj | 80,578 | 2,055,200 |
Wartsila Oyj Abp | 366,430 | 4,663,088 |
103,946,370 | ||
France 8.8% | ||
Accor S.A. | 71,788 | 2,578,210 |
Air Liquide S.A. | 180,585 | 32,704,206 |
Airbus SE | 109,050 | 16,023,223 |
ALD S.A. | 228,814 | 2,218,947 |
Alstom S.A. | 165,757 | 4,589,359 |
Amundi S.A. | 35,237 | 2,105,358 |
Arkema S.A. | 75,885 | 7,959,441 |
Atos SE *(a) | 460,895 | 3,882,803 |
AXA S.A. | 1,168,759 | 35,232,928 |
BNP Paribas S.A. | 947,936 | 61,432,161 |
Bollore SE | 618,990 | 3,671,500 |
Bouygues S.A. | 354,195 | 12,263,172 |
Bureau Veritas S.A. | 92,488 | 2,483,446 |
Capgemini SE | 53,453 | 9,998,920 |
Carrefour S.A. | 1,118,436 | 21,449,511 |
Casino Guichard Perrachon S.A. *(a) | 313,904 | 1,007,778 |
Cie de Saint-Gobain S.A. | 526,906 | 34,404,137 |
Cie Generale des Etablissements Michelin S.C.A. | 739,103 | 23,191,175 |
Credit Agricole S.A. | 1,042,148 | 13,184,044 |
Danone S.A. | 406,439 | 23,745,945 |
Dassault Systemes SE | 66,230 | 2,631,626 |
Edenred | 41,275 | 2,635,903 |
Eiffage S.A. | 75,506 | 7,483,712 |
Elis S.A. | 214,969 | 4,115,704 |
Engie S.A. | 1,779,260 | 28,754,367 |
EssilorLuxottica S.A. | 65,868 | 12,432,079 |
Eurazeo SE | 37,249 | 2,201,315 |
Eurofins Scientific SE | 32,550 | 2,008,051 |
Eutelsat Communications S.A. (a) | 342,194 | 2,087,269 |
Forvia SE * | 376,233 | 8,019,884 |
Hermes International SCA | 2,377 | 4,903,829 |
Kering S.A. | 20,612 | 11,055,861 |
Klepierre S.A. | 110,183 | 2,917,925 |
Legrand S.A. | 85,280 | 8,432,091 |
L'Oreal S.A. | 52,549 | 23,144,415 |
LVMH Moet Hennessy Louis Vuitton SE | 39,364 | 33,418,483 |
Orange S.A. | 3,215,941 | 36,153,778 |
Pernod-Ricard S.A. | 49,877 | 9,809,079 |
Publicis Groupe S.A. | 128,545 | 10,053,543 |
Renault S.A. | 525,932 | 21,311,570 |
Rexel S.A. | 345,344 | 8,133,573 |
Rubis S.C.A. | 136,686 | 3,340,890 |
Safran S.A. | 106,540 | 17,148,398 |
Sanofi | 601,899 | 64,438,643 |
Schneider Electric SE | 181,834 | 31,296,315 |
SCOR SE | 217,167 | 6,774,080 |
SEB S.A. | 25,499 | 2,809,046 |
SES S.A. | 552,952 | 4,032,983 |
Societe Generale S.A. | 1,158,822 | 32,971,317 |
Sodexo S.A. | 53,050 | 5,701,354 |
STMicroelectronics N.V. | 167,745 | 7,949,737 |
Teleperformance SE | 19,237 | 2,669,364 |
Thales S.A. | 32,928 | 4,817,536 |
TotalEnergies SE | 2,221,955 | 140,041,511 |
Unibail-Rodamco-Westfield * | 73,706 | 3,951,041 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Valeo SE | 490,397 | 9,580,541 |
Veolia Environnement S.A. | 460,061 | 14,410,580 |
Vinci S.A. | 269,436 | 30,108,829 |
Vivendi SE | 316,653 | 2,890,342 |
Wendel SE | 33,512 | 3,071,636 |
943,834,464 | ||
Germany 7.7% | ||
adidas AG | 116,838 | 23,386,317 |
Allianz SE | 277,221 | 67,502,818 |
Aurubis AG | 77,797 | 6,456,049 |
BASF SE | 1,268,224 | 64,404,871 |
Bayer AG | 582,305 | 31,941,511 |
Bayerische Motoren Werke AG | 438,460 | 46,241,497 |
Beiersdorf AG | 27,724 | 3,634,900 |
Brenntag SE | 109,740 | 8,902,003 |
Coloplast A/S * | 2,500 | 285,862 |
Commerzbank AG | 788,648 | 8,687,983 |
Continental AG | 208,653 | 15,539,787 |
Covestro AG * | 366,641 | 19,526,607 |
Daimler Truck Holding AG | 281,815 | 9,937,646 |
Deutsche Bank AG | 1,178,406 | 12,856,333 |
Deutsche Boerse AG | 33,690 | 5,991,246 |
Deutsche Lufthansa AG * | 690,683 | 6,182,220 |
Deutsche Telekom AG | 3,088,058 | 66,167,740 |
DHL Group | 809,214 | 37,840,702 |
E.ON SE | 1,695,910 | 20,946,659 |
Evonik Industries AG | 252,526 | 4,852,569 |
Freenet AG | 128,244 | 3,076,090 |
Fresenius Medical Care AG & Co. KGaA | 309,444 | 14,962,339 |
Fresenius SE & Co. KGaA | 728,371 | 23,407,809 |
GEA Group AG | 84,590 | 3,341,874 |
Hannover Rueck SE | 27,203 | 5,794,236 |
Heidelberg Materials AG | 208,625 | 16,819,301 |
Henkel AG & Co. KGaA | 77,266 | 5,348,631 |
Infineon Technologies AG | 308,097 | 11,039,985 |
K+S AG | 157,243 | 2,961,014 |
KION Group AG | 107,574 | 4,308,275 |
Kloeckner & Co. SE | 244,582 | 2,091,801 |
Knorr-Bremse AG | 44,036 | 3,015,830 |
LANXESS AG | 119,392 | 3,781,205 |
Mercedes-Benz Group AG | 864,758 | 63,390,671 |
Merck KGaA | 32,206 | 5,802,492 |
METRO AG * | 357,427 | 2,851,310 |
MTU Aero Engines AG | 15,747 | 3,688,238 |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 63,932 | 24,854,989 |
ProSiebenSat.1 Media SE (a) | 304,680 | 2,422,594 |
Puma SE | 38,970 | 2,622,357 |
Rheinmetall AG | 17,740 | 4,838,556 |
RWE AG | 251,258 | 10,379,069 |
Salzgitter AG | 79,089 | 2,334,827 |
SAP SE | 342,612 | 47,902,212 |
Siemens AG | 345,312 | 52,050,042 |
Siemens Energy AG * | 430,088 | 6,143,034 |
Siemens Healthineers AG | 72,370 | 3,632,788 |
Symrise AG, Class A | 30,419 | 3,174,747 |
Telefonica Deutschland Holding AG | 1,028,109 | 1,957,215 |
ThyssenKrupp AG | 1,064,868 | 8,210,478 |
United Internet AG | 172,024 | 3,314,035 |
Volkswagen AG | 59,194 | 8,474,073 |
Vonovia SE | 346,897 | 8,324,516 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Zalando SE * | 81,816 | 2,551,195 |
830,153,148 | ||
Hong Kong 1.6% | ||
AIA Group Ltd. | 3,044,504 | 27,642,897 |
BOC Hong Kong Holdings Ltd. | 1,962,389 | 5,455,425 |
CK Asset Holdings Ltd. | 1,375,264 | 7,593,832 |
CK Hutchison Holdings Ltd. | 4,072,151 | 22,199,695 |
CLP Holdings Ltd. | 1,221,192 | 9,577,366 |
Galaxy Entertainment Group Ltd. * | 597,758 | 3,956,214 |
Hang Seng Bank Ltd. | 354,369 | 4,519,004 |
Henderson Land Development Co., Ltd. | 730,269 | 2,006,860 |
Hong Kong & China Gas Co., Ltd. | 4,665,575 | 3,432,954 |
Hong Kong Exchanges & Clearing Ltd. | 105,308 | 4,082,460 |
Hongkong Land Holdings Ltd. | 656,653 | 2,331,118 |
Jardine Matheson Holdings Ltd. | 251,430 | 11,958,011 |
Lenovo Group Ltd. | 7,843,698 | 8,872,203 |
Link REIT | 564,362 | 2,799,590 |
MTR Corp., Ltd. | 649,370 | 2,712,005 |
New World Development Co., Ltd. | 2,213,072 | 4,701,729 |
Orient Overseas International Ltd. | 98,955 | 1,327,518 |
PCCW Ltd. | 4,945,259 | 2,352,258 |
Sands China Ltd. * | 1,113,170 | 3,768,886 |
Sino Land Co., Ltd. | 1,603,898 | 1,838,753 |
Sun Hung Kai Properties Ltd. | 959,213 | 10,800,970 |
Swire Pacific Ltd., A Shares | 786,843 | 6,492,013 |
Swire Pacific Ltd., B Shares | 494,803 | 652,439 |
Techtronic Industries Co., Ltd. | 344,967 | 3,409,308 |
WH Group Ltd. | 17,567,105 | 9,050,417 |
Wharf Real Estate Investment Co., Ltd. | 635,755 | 2,651,090 |
Xinyi Glass Holdings Ltd. | 1,204,635 | 1,778,898 |
167,963,913 | ||
Ireland 0.1% | ||
Bank of Ireland Group plc | 390,664 | 3,900,017 |
Kerry Group plc, Class A | 52,197 | 4,880,003 |
Kingspan Group plc | 48,382 | 4,100,090 |
12,880,110 | ||
Israel 0.2% | ||
Bank Hapoalim B.M. | 471,206 | 3,912,760 |
Bank Leumi Le-Israel B.M. | 628,264 | 4,891,074 |
ICL Group Ltd. | 378,679 | 2,273,091 |
Israel Discount Bank Ltd., A Shares | 450,045 | 2,257,157 |
Teva Pharmaceutical Industries Ltd. * | 487,001 | 4,743,974 |
18,078,056 | ||
Italy 3.1% | ||
A2A S.p.A. | 1,904,951 | 3,658,509 |
Assicurazioni Generali S.p.A. | 1,052,625 | 21,855,380 |
Banco BPM S.p.A. | 1,111,844 | 5,328,962 |
CNH Industrial N.V. | 511,071 | 7,088,948 |
Enel S.p.A. | 8,774,216 | 59,138,407 |
Eni S.p.A. | 3,107,151 | 48,170,583 |
Ferrari N.V. | 14,417 | 4,584,714 |
Hera S.p.A. | 888,379 | 2,695,908 |
Intesa Sanpaolo S.p.A. | 14,271,249 | 38,289,540 |
Iveco Group N.V. * | 135,713 | 1,351,883 |
Leonardo S.p.A. | 464,394 | 6,711,158 |
Mediobanca Banca di Credito Finanziario S.p.A. | 342,542 | 4,487,359 |
Pirelli & C S.p.A. | 485,789 | 2,429,045 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Poste Italiane S.p.A. | 297,824 | 3,314,859 |
Prysmian S.p.A. | 121,248 | 4,973,031 |
Snam S.p.A. | 992,430 | 5,131,465 |
Stellantis N.V. | 2,601,287 | 48,493,106 |
Telecom Italia S.p.A. * | 48,398,214 | 15,049,555 |
Tenaris S.A. | 209,981 | 3,363,846 |
Terna - Rete Elettrica Nazionale | 491,032 | 4,061,014 |
UniCredit S.p.A. | 1,648,513 | 40,373,595 |
Unipol Gruppo S.p.A. | 577,436 | 3,223,848 |
333,774,715 | ||
Japan 27.7% | ||
Advantest Corp. | 42,891 | 5,394,335 |
Aeon Co., Ltd. | 670,307 | 13,900,174 |
AGC, Inc. | 266,289 | 9,352,170 |
Air Water, Inc. | 268,708 | 3,383,190 |
Aisin Corp. | 422,134 | 14,112,211 |
Ajinomoto Co., Inc. | 203,610 | 8,633,338 |
Alfresa Holdings Corp. | 535,402 | 9,171,910 |
Alps Alpine Co., Ltd. | 492,534 | 4,118,969 |
Amada Co., Ltd. | 339,604 | 3,601,666 |
Asahi Group Holdings Ltd. | 333,930 | 13,019,107 |
Asahi Kasei Corp. | 1,956,729 | 12,658,223 |
Astellas Pharma, Inc. | 938,992 | 14,283,050 |
Bandai Namco Holdings, Inc. | 269,144 | 6,252,327 |
Bridgestone Corp. | 600,317 | 23,343,027 |
Brother Industries Ltd. | 333,274 | 5,650,904 |
Canon, Inc. | 972,432 | 23,965,972 |
Central Japan Railway Co. | 141,494 | 18,164,803 |
Chubu Electric Power Co., Inc. | 1,422,116 | 18,999,317 |
Chugai Pharmaceutical Co., Ltd. | 160,051 | 4,899,868 |
Coca-Cola Bottlers Japan Holdings, Inc. | 317,636 | 4,142,130 |
COMSYS Holdings Corp. | 152,582 | 3,252,134 |
Concordia Financial Group Ltd. | 673,036 | 2,988,292 |
Cosmo Energy Holdings Co., Ltd. | 187,931 | 6,764,148 |
Dai Nippon Printing Co., Ltd. | 318,233 | 8,706,405 |
Daicel Corp. | 410,555 | 3,431,984 |
Daido Steel Co., Ltd. | 69,832 | 2,892,379 |
Daifuku Co., Ltd. | 137,101 | 2,536,536 |
Dai-ichi Life Holdings, Inc. | 817,132 | 15,218,968 |
Daiichi Sankyo Co., Ltd. | 297,931 | 8,797,647 |
Daikin Industries Ltd. | 97,608 | 16,912,194 |
Daito Trust Construction Co., Ltd. | 76,325 | 8,422,304 |
Daiwa House Industry Co., Ltd. | 945,678 | 26,294,636 |
Daiwa Securities Group, Inc. | 1,010,332 | 5,753,101 |
Daiwabo Holdings Co., Ltd. | 171,683 | 3,487,081 |
Denka Co., Ltd. | 138,801 | 2,619,471 |
Denso Corp. | 391,115 | 26,754,915 |
Dentsu Group, Inc. | 124,473 | 3,723,460 |
DIC Corp. | 201,141 | 3,469,902 |
Dowa Holdings Co., Ltd. | 73,390 | 2,360,216 |
East Japan Railway Co. | 339,895 | 19,219,120 |
Ebara Corp. | 77,863 | 3,882,320 |
EDION Corp. | 278,259 | 2,800,079 |
Eisai Co., Ltd. | 117,636 | 7,480,675 |
Electric Power Development Co., Ltd. | 351,319 | 5,482,685 |
ENEOS Holdings, Inc. | 9,076,232 | 34,058,080 |
Exeo Group, Inc. | 161,381 | 3,435,242 |
FANUC Corp. | 329,430 | 9,397,416 |
Fast Retailing Co., Ltd. | 33,257 | 7,648,071 |
Fuji Electric Co., Ltd. | 101,649 | 4,800,198 |
FUJIFILM Holdings Corp. | 254,742 | 15,072,621 |
Fujikura Ltd. | 342,924 | 2,843,076 |
Fujitsu Ltd. | 161,217 | 20,159,738 |
Furukawa Electric Co., Ltd. | 171,030 | 2,942,818 |
GS Yuasa Corp. | 130,195 | 2,472,708 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Hakuhodo DY Holdings, Inc. | 307,168 | 2,919,030 |
Hankyu Hanshin Holdings, Inc. | 146,737 | 5,271,384 |
Hanwa Co., Ltd. | 122,752 | 3,912,280 |
Haseko Corp. | 417,609 | 5,189,097 |
Hino Motors Ltd. * | 906,976 | 3,557,880 |
Hitachi Construction Machinery Co., Ltd. | 126,083 | 3,932,705 |
Hitachi Ltd. | 788,473 | 52,501,681 |
Hokkaido Electric Power Co., Inc. * | 744,334 | 3,430,629 |
Honda Motor Co., Ltd. | 3,098,527 | 100,095,288 |
Hoya Corp. | 76,913 | 8,534,736 |
Idemitsu Kosan Co., Ltd. | 587,576 | 12,491,312 |
IHI Corp. | 153,682 | 3,832,945 |
Iida Group Holdings Co., Ltd. | 259,457 | 4,254,927 |
INFRONEER Holdings, Inc. | 239,107 | 2,499,714 |
Inpex Corp. | 906,520 | 12,671,417 |
Isetan Mitsukoshi Holdings Ltd. | 463,847 | 5,323,957 |
Isuzu Motors Ltd. | 685,225 | 8,801,530 |
ITOCHU Corp. | 1,085,131 | 40,786,048 |
Itoham Yonekyu Holdings, Inc. | 421,807 | 2,346,833 |
Iwatani Corp. | 71,950 | 3,793,085 |
J. Front Retailing Co., Ltd. | 264,999 | 2,794,062 |
Japan Exchange Group, Inc. | 158,106 | 2,761,710 |
Japan Post Holdings Co., Ltd. | 2,633,812 | 20,207,906 |
Japan Post Insurance Co., Ltd. | 256,637 | 4,138,169 |
Japan Tobacco, Inc. | 916,937 | 20,097,853 |
JFE Holdings, Inc. | 1,213,693 | 19,203,502 |
JGC Holdings Corp. | 211,254 | 2,825,233 |
JSR Corp. | 122,393 | 3,421,640 |
JTEKT Corp. | 610,405 | 5,532,365 |
Kajima Corp. | 706,811 | 11,814,573 |
Kaneka Corp. | 135,538 | 3,810,537 |
Kanematsu Corp. | 187,784 | 2,645,499 |
Kao Corp. | 327,572 | 12,687,973 |
Kawasaki Heavy Industries Ltd. | 214,478 | 5,508,351 |
Kawasaki Kisen Kaisha Ltd. | 103,187 | 3,463,074 |
KDDI Corp. | 1,392,201 | 41,359,133 |
Kewpie Corp. | 160,675 | 2,678,009 |
Keyence Corp. | 18,637 | 7,747,441 |
Kikkoman Corp. | 63,771 | 3,690,864 |
Kinden Corp. | 217,253 | 2,987,537 |
Kintetsu Group Holdings Co., Ltd. | 96,826 | 3,065,364 |
Kirin Holdings Co., Ltd. | 657,570 | 9,241,256 |
Kobe Steel Ltd. | 1,094,266 | 13,754,898 |
Koito Manufacturing Co., Ltd. | 287,814 | 4,893,935 |
Komatsu Ltd. | 836,242 | 23,837,650 |
Konica Minolta, Inc. | 1,322,618 | 4,092,725 |
K's Holdings Corp. | 379,503 | 3,498,252 |
Kubota Corp. | 762,737 | 12,233,341 |
Kuraray Co., Ltd. | 586,451 | 6,668,748 |
Kurita Water Industries Ltd. | 52,724 | 2,058,114 |
Kyocera Corp. | 234,983 | 12,069,945 |
Kyushu Electric Power Co., Inc. * | 1,399,483 | 9,245,614 |
Kyushu Railway Co. | 138,702 | 3,022,986 |
Lion Corp. | 201,749 | 2,197,157 |
Lixil Corp. | 385,107 | 4,826,237 |
Makita Corp. | 205,968 | 5,656,215 |
Marubeni Corp. | 1,460,992 | 23,929,220 |
MatsukiyoCocokara & Co. | 81,001 | 4,770,983 |
Mazda Motor Corp. | 1,547,319 | 16,287,848 |
Medipal Holdings Corp. | 406,205 | 6,967,022 |
MEIJI Holdings Co., Ltd. | 336,281 | 8,435,610 |
MINEBEA MITSUMI, Inc. | 338,554 | 5,756,709 |
MISUMI Group, Inc. | 119,370 | 2,085,501 |
Mitsubishi Chemical Group Corp. | 2,510,102 | 15,005,267 |
Mitsubishi Corp. | 1,188,337 | 58,737,322 |
Mitsubishi Electric Corp. | 2,645,709 | 34,510,433 |
Mitsubishi Estate Co., Ltd. | 738,885 | 9,452,714 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Mitsubishi Gas Chemical Co., Inc. | 283,532 | 3,867,806 |
Mitsubishi Heavy Industries Ltd. | 364,015 | 20,677,982 |
Mitsubishi Materials Corp. | 342,209 | 5,750,691 |
Mitsubishi Motors Corp. | 871,968 | 3,430,134 |
Mitsubishi Shokuhin Co., Ltd. | 92,200 | 2,530,061 |
Mitsubishi UFJ Financial Group, Inc. | 7,436,101 | 59,428,537 |
Mitsui & Co., Ltd. | 1,207,799 | 45,064,836 |
Mitsui Chemicals, Inc. | 285,262 | 7,751,461 |
Mitsui Fudosan Co., Ltd. | 637,809 | 13,984,176 |
Mitsui Mining & Smelting Co., Ltd. | 113,617 | 2,904,712 |
Mitsui O.S.K. Lines Ltd. | 232,549 | 6,446,871 |
Mizuho Financial Group, Inc. | 1,868,249 | 30,926,813 |
Morinaga Milk Industry Co., Ltd. | 70,206 | 2,875,078 |
MS&AD Insurance Group Holdings, Inc. | 394,474 | 14,198,192 |
Murata Manufacturing Co., Ltd. | 283,279 | 15,926,357 |
Nagase & Co., Ltd. | 230,770 | 3,961,220 |
Nagoya Railroad Co., Ltd. | 179,657 | 2,886,408 |
NEC Corp. | 340,642 | 17,983,820 |
NGK Insulators Ltd. | 285,745 | 3,795,932 |
NH Foods Ltd. | 230,010 | 7,137,996 |
NHK Spring Co., Ltd. | 350,460 | 2,722,604 |
Nichirei Corp. | 136,712 | 3,235,976 |
Nidec Corp. | 156,640 | 8,211,536 |
Nikon Corp. | 353,415 | 3,820,965 |
Nintendo Co., Ltd. | 377,430 | 16,247,236 |
Nippon Electric Glass Co., Ltd. | 125,114 | 2,209,486 |
Nippon Light Metal Holdings Co., Ltd. | 218,909 | 2,333,666 |
Nippon Paper Industries Co., Ltd. * | 445,657 | 3,988,674 |
Nippon Steel Corp. | 1,248,891 | 29,569,855 |
Nippon Telegraph & Telephone Corp. | 30,305,742 | 35,034,216 |
Nippon Yusen K.K. | 386,123 | 10,306,515 |
Nissan Chemical Corp. | 50,330 | 2,159,988 |
Nissan Motor Co., Ltd. | 5,433,534 | 23,169,543 |
Nisshin Seifun Group, Inc. | 321,024 | 4,234,822 |
Nissin Foods Holdings Co., Ltd. | 31,028 | 2,710,967 |
Nissui Corp. | 552,796 | 2,903,617 |
Niterra Co., Ltd. | 199,527 | 4,639,207 |
Nitori Holdings Co., Ltd. | 37,924 | 4,329,408 |
Nitto Denko Corp. | 128,507 | 8,781,922 |
NOK Corp. | 301,325 | 4,231,610 |
Nomura Holdings, Inc. | 2,232,681 | 8,652,530 |
Nomura Real Estate Holdings, Inc. | 104,674 | 2,637,251 |
Nomura Research Institute Ltd. | 116,399 | 3,346,017 |
NSK Ltd. | 851,918 | 4,969,839 |
NTT Data Group Corp. | 424,508 | 5,718,035 |
Obayashi Corp. | 1,235,597 | 11,194,508 |
Oji Holdings Corp. | 1,836,290 | 7,517,456 |
Olympus Corp. | 281,249 | 3,806,719 |
Omron Corp. | 115,336 | 5,575,676 |
Ono Pharmaceutical Co., Ltd. | 167,165 | 3,170,836 |
Oriental Land Co., Ltd. | 86,069 | 3,103,178 |
ORIX Corp. | 802,465 | 14,992,649 |
Osaka Gas Co., Ltd. | 551,643 | 8,828,713 |
Otsuka Corp. | 83,975 | 3,746,386 |
Otsuka Holdings Co., Ltd. | 297,941 | 11,349,938 |
PALTAC Corp. | 74,296 | 2,451,102 |
Pan Pacific International Holdings Corp. | 159,228 | 3,176,685 |
Panasonic Holdings Corp. | 3,495,131 | 40,320,586 |
Penta-Ocean Construction Co., Ltd. | 456,389 | 2,715,105 |
Persol Holdings Co., Ltd. | 144,228 | 2,471,744 |
Recruit Holdings Co., Ltd. | 471,963 | 16,922,395 |
Renesas Electronics Corp. * | 297,846 | 5,013,371 |
Rengo Co., Ltd. | 412,521 | 2,804,638 |
Resona Holdings, Inc. | 1,288,177 | 6,833,527 |
Resonac Holdings Corp. | 303,350 | 4,940,364 |
Ricoh Co., Ltd. | 1,040,061 | 8,487,086 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Rohm Co., Ltd. | 50,466 | 4,218,644 |
Ryohin Keikaku Co., Ltd. (a) | 271,368 | 3,501,493 |
San-Ai Obbli Co., Ltd. | 108,054 | 1,243,937 |
Sankyu, Inc. | 78,713 | 2,748,751 |
Santen Pharmaceutical Co., Ltd. | 304,103 | 2,829,327 |
Sanwa Holdings Corp. | 228,836 | 3,487,122 |
SBI Holdings, Inc. | 173,851 | 3,553,207 |
Secom Co., Ltd. | 128,191 | 8,976,936 |
Seiko Epson Corp. | 315,482 | 4,946,167 |
Seino Holdings Co., Ltd. | 304,537 | 4,439,879 |
Sekisui Chemical Co., Ltd. | 430,860 | 6,617,460 |
Sekisui House Ltd. | 677,841 | 13,830,592 |
Seven & i Holdings Co., Ltd. | 637,699 | 26,198,288 |
SG Holdings Co., Ltd. | 313,519 | 4,530,989 |
Sharp Corp. * | 301,769 | 1,859,097 |
Shikoku Electric Power Co., Inc. * | 384,147 | 2,770,576 |
Shimadzu Corp. | 105,418 | 3,103,490 |
Shimamura Co., Ltd. | 32,664 | 3,367,700 |
Shimano, Inc. | 26,196 | 3,850,633 |
Shimizu Corp. | 1,044,800 | 7,030,879 |
Shin-Etsu Chemical Co., Ltd. | 826,840 | 26,460,470 |
Shionogi & Co., Ltd. | 115,960 | 5,111,209 |
Shiseido Co., Ltd. | 142,162 | 5,776,903 |
SMC Corp. | 16,039 | 7,777,954 |
Softbank Corp. | 2,525,659 | 28,971,738 |
SoftBank Group Corp. | 1,378,763 | 61,984,434 |
Sohgo Security Services Co., Ltd. | 403,753 | 2,575,577 |
Sojitz Corp. | 308,098 | 6,628,176 |
Sompo Holdings, Inc. | 261,898 | 11,417,843 |
Sony Group Corp. | 486,114 | 40,552,629 |
Stanley Electric Co., Ltd. | 168,099 | 2,954,159 |
Subaru Corp. | 1,098,264 | 21,194,304 |
SUMCO Corp. | 206,279 | 2,758,699 |
Sumitomo Chemical Co., Ltd. | 2,924,025 | 8,102,151 |
Sumitomo Corp. | 1,169,460 | 24,090,466 |
Sumitomo Electric Industries Ltd. | 1,496,955 | 18,359,125 |
Sumitomo Forestry Co., Ltd. | 174,378 | 4,918,062 |
Sumitomo Heavy Industries Ltd. | 220,482 | 5,532,306 |
Sumitomo Metal Mining Co., Ltd. | 201,617 | 6,259,634 |
Sumitomo Mitsui Financial Group, Inc. | 932,409 | 42,788,917 |
Sumitomo Mitsui Trust Holdings, Inc. | 226,254 | 8,471,412 |
Sumitomo Realty & Development Co., Ltd. | 260,654 | 6,676,366 |
Sumitomo Rubber Industries Ltd. | 449,354 | 4,745,556 |
Sundrug Co., Ltd. | 87,544 | 2,587,504 |
Suntory Beverage & Food Ltd. | 104,428 | 3,381,348 |
Suzuken Co., Ltd. | 216,831 | 6,431,131 |
Suzuki Motor Corp. | 565,120 | 22,261,656 |
Sysmex Corp. | 53,438 | 2,845,059 |
T&D Holdings, Inc. | 337,331 | 5,360,547 |
Taiheiyo Cement Corp. | 334,702 | 6,424,596 |
Taisei Corp. | 254,124 | 8,558,368 |
Taiyo Yuden Co., Ltd. | 86,672 | 2,415,278 |
Takashimaya Co., Ltd. | 198,867 | 2,987,410 |
Takeda Pharmaceutical Co., Ltd. | 949,985 | 29,416,028 |
TDK Corp. | 268,693 | 9,807,567 |
Teijin Ltd. | 493,790 | 5,019,811 |
Terumo Corp. | 194,769 | 5,903,875 |
The Chugoku Electric Power Co., Inc. * | 700,608 | 4,622,276 |
The Kansai Electric Power Co., Inc. | 1,361,226 | 19,391,989 |
The Yokohama Rubber Co., Ltd. | 176,644 | 3,596,944 |
TIS, Inc. | 112,642 | 2,659,275 |
Tobu Railway Co., Ltd. | 140,292 | 3,847,827 |
Toho Gas Co., Ltd. | 149,095 | 2,672,926 |
Toho Holdings Co., Ltd. | 165,276 | 3,314,943 |
Tohoku Electric Power Co., Inc. * | 1,881,214 | 13,154,349 |
Tokio Marine Holdings, Inc. | 989,437 | 21,931,608 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Tokuyama Corp. | 149,749 | 2,392,528 |
Tokyo Electric Power Co. Holdings, Inc. * | 6,080,327 | 26,729,466 |
Tokyo Electron Ltd. | 143,424 | 21,254,750 |
Tokyo Gas Co., Ltd. | 597,653 | 13,863,201 |
Tokyu Corp. | 365,218 | 4,617,122 |
Tokyu Fudosan Holdings Corp. | 681,093 | 4,240,896 |
Toppan, Inc. | 427,543 | 10,340,206 |
Toray Industries, Inc. | 2,149,680 | 11,607,401 |
Toshiba Corp. | 381,665 | 12,064,583 |
Tosoh Corp. | 530,350 | 6,870,489 |
TOTO Ltd. | 115,561 | 3,171,111 |
Toyo Seikan Group Holdings Ltd. | 302,285 | 5,475,327 |
Toyo Suisan Kaisha Ltd. | 69,031 | 2,850,667 |
Toyoda Gosei Co., Ltd. | 162,468 | 3,514,179 |
Toyota Industries Corp. | 143,778 | 10,172,156 |
Toyota Motor Corp. | 10,157,193 | 175,466,843 |
Toyota Tsusho Corp. | 347,618 | 20,761,332 |
TS Tech Co., Ltd. | 196,206 | 2,323,448 |
Tsuruha Holdings, Inc. | 49,703 | 3,639,345 |
UBE Corp. | 255,838 | 4,318,590 |
Unicharm Corp. | 106,861 | 4,266,072 |
West Japan Railway Co. | 200,826 | 8,696,000 |
Yakult Honsha Co., Ltd. | 46,217 | 2,423,468 |
Yamada Holdings Co., Ltd. | 1,789,762 | 5,630,463 |
Yamaha Corp. | 85,345 | 2,637,409 |
Yamaha Motor Co., Ltd. | 388,321 | 10,079,782 |
Yamato Holdings Co., Ltd. | 491,708 | 9,242,428 |
Yamazaki Baking Co., Ltd. | 241,093 | 4,569,812 |
Yaskawa Electric Corp. | 89,215 | 3,505,849 |
Yokogawa Electric Corp. | 168,437 | 3,341,898 |
Z Holdings Corp. | 1,203,450 | 3,618,988 |
2,985,558,897 | ||
Netherlands 2.7% | ||
Aalberts N.V. | 59,261 | 2,470,489 |
ABN AMRO Bank N.V., GDR | 472,461 | 6,971,318 |
Aegon N.V. | 1,799,257 | 9,256,382 |
Akzo Nobel N.V. | 219,984 | 17,916,519 |
APERAM S.A. | 72,261 | 2,050,904 |
ArcelorMittal S.A. | 1,017,505 | 27,089,676 |
ASML Holding N.V. | 41,173 | 27,165,291 |
ASR Nederland N.V. | 120,660 | 5,286,787 |
DSM-Firmenich AG | 75,001 | 6,931,407 |
EXOR N.V. | 250,545 | 22,227,472 |
Heineken Holding N.V. | 78,621 | 6,305,982 |
Heineken N.V. | 94,242 | 9,187,286 |
ING Groep N.V. | 2,701,699 | 38,412,977 |
Koninklijke Ahold Delhaize N.V. | 1,300,972 | 42,607,390 |
Koninklijke KPN N.V. | 2,356,760 | 8,254,372 |
Koninklijke Philips N.V. | 1,102,325 | 24,885,289 |
NN Group N.V. | 328,446 | 12,676,385 |
Prosus N.V. * | 33,363 | 2,309,507 |
Randstad N.V. | 170,893 | 10,049,234 |
SBM Offshore N.V. | 165,906 | 2,407,483 |
Signify N.V. | 153,865 | 4,365,310 |
Wolters Kluwer N.V. | 52,175 | 6,297,047 |
295,124,507 | ||
New Zealand 0.1% | ||
Fletcher Building Ltd. | 1,018,384 | 2,928,896 |
Spark New Zealand Ltd. | 1,025,876 | 3,100,104 |
6,029,000 | ||
SECURITY | NUMBER OF SHARES | VALUE ($) |
Norway 0.6% | ||
Aker BP A.S.A. | 87,456 | 2,372,797 |
DNB Bank A.S.A. | 580,415 | 11,491,368 |
Equinor A.S.A. | 656,625 | 20,259,593 |
Mowi A.S.A. | 309,072 | 5,607,789 |
Norsk Hydro A.S.A. | 1,078,057 | 5,989,684 |
Orkla A.S.A. | 533,122 | 4,073,662 |
Subsea 7 S.A. | 272,871 | 3,552,891 |
Telenor A.S.A. | 819,322 | 8,773,100 |
Yara International A.S.A. | 168,078 | 6,145,023 |
68,265,907 | ||
Poland 0.3% | ||
KGHM Polska Miedz S.A. | 141,926 | 3,929,331 |
ORLEN S.A. | 1,080,817 | 16,535,156 |
PGE Polska Grupa Energetyczna S.A. * | 1,732,805 | 3,567,991 |
Powszechna Kasa Oszczednosci Bank Polski S.A. * | 467,544 | 4,237,251 |
Powszechny Zaklad Ubezpieczen S.A. | 610,504 | 6,122,446 |
34,392,175 | ||
Portugal 0.2% | ||
EDP - Energias de Portugal S.A. | 2,149,627 | 9,813,006 |
Galp Energia, SGPS, S.A. | 573,160 | 7,903,515 |
Jeronimo Martins, SGPS, S.A. | 151,044 | 3,852,486 |
21,569,007 | ||
Republic of Korea 6.3% | ||
Amorepacific Corp. | 26,082 | 2,642,239 |
BNK Financial Group, Inc. | 628,600 | 3,243,467 |
CJ CheilJedang Corp. | 14,315 | 3,238,271 |
CJ Corp. | 60,845 | 3,236,167 |
Coway Co., Ltd. | 66,501 | 2,173,515 |
DB Insurance Co., Ltd. | 77,127 | 4,767,374 |
DL E&C Co., Ltd. | 64,981 | 1,524,048 |
Doosan Enerbility Co., Ltd. * | 186,120 | 2,565,619 |
E-MART, Inc. | 71,281 | 3,979,979 |
GS Engineering & Construction Corp. | 165,456 | 1,818,858 |
GS Holdings Corp. | 157,405 | 4,471,767 |
Hana Financial Group, Inc. | 345,716 | 10,344,670 |
Hankook Tire & Technology Co., Ltd. | 137,955 | 4,044,453 |
Hanwha Corp. | 188,849 | 3,571,950 |
Hanwha Galleria Co. Ltd. * | 73,094 | 73,053 |
Hanwha Solutions Corp. * | 69,237 | 1,909,354 |
HD Hyundai Co., Ltd. | 105,599 | 4,721,695 |
HD Korea Shipbuilding & Offshore Engineering Co., Ltd. * | 50,474 | 4,723,763 |
HMM Co., Ltd. | 123,343 | 1,554,677 |
Hyundai Engineering & Construction Co., Ltd. | 140,162 | 3,764,518 |
Hyundai Glovis Co., Ltd. | 32,447 | 4,234,619 |
Hyundai Marine & Fire Insurance Co., Ltd. | 128,452 | 2,939,794 |
Hyundai Mobis Co., Ltd. | 107,681 | 18,819,225 |
Hyundai Motor Co. | 184,229 | 26,357,257 |
Hyundai Steel Co. | 265,460 | 7,270,401 |
Industrial Bank of Korea | 400,325 | 3,258,935 |
KB Financial Group, Inc. | 386,391 | 15,815,210 |
Kia Corp. | 340,894 | 20,684,470 |
Korea Electric Power Corp. * | 1,069,393 | 14,417,691 |
Korea Gas Corp. * | 111,702 | 2,121,218 |
Korea Zinc Co., Ltd. | 8,141 | 3,245,929 |
Korean Air Lines Co., Ltd. | 158,364 | 2,731,757 |
KT&G Corp. | 92,346 | 6,071,396 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Kumho Petrochemical Co., Ltd. | 21,837 | 2,061,856 |
LG Chem Ltd. | 23,179 | 10,223,837 |
LG Corp. | 52,181 | 3,241,203 |
LG Display Co., Ltd. * | 753,738 | 7,641,452 |
LG Electronics, Inc. | 202,867 | 15,118,139 |
LG H&H Co., Ltd. | 7,339 | 2,579,130 |
LG Innotek Co., Ltd. | 12,385 | 2,529,941 |
LG Uplus Corp. | 542,727 | 4,290,900 |
Lotte Chemical Corp. | 42,811 | 4,424,424 |
Lotte Shopping Co., Ltd. | 41,427 | 2,225,320 |
NAVER Corp. | 26,471 | 4,295,842 |
POSCO Holdings, Inc. | 152,611 | 66,852,104 |
Posco International Corp. | 143,193 | 8,580,205 |
Samsung C&T Corp. | 79,879 | 6,327,468 |
Samsung Electro-Mechanics Co., Ltd. | 47,793 | 4,895,912 |
Samsung Electronics Co., Ltd. | 4,263,824 | 215,812,238 |
Samsung Fire & Marine Insurance Co., Ltd. | 43,866 | 8,180,797 |
Samsung Life Insurance Co., Ltd. | 84,452 | 4,319,240 |
Samsung SDI Co., Ltd. | 10,580 | 4,914,787 |
Samsung SDS Co., Ltd. | 38,888 | 4,177,867 |
Shinhan Financial Group Co., Ltd. | 529,295 | 14,236,003 |
SK Hynix, Inc. | 517,055 | 47,646,907 |
SK Innovation Co., Ltd. * | 88,225 | 11,847,882 |
SK, Inc. | 102,612 | 11,218,032 |
S-Oil Corp. | 49,034 | 2,708,139 |
Woori Financial Group, Inc. | 746,853 | 6,729,729 |
673,416,693 | ||
Singapore 0.6% | ||
ComfortDelGro Corp., Ltd. | 2,905,260 | 2,732,085 |
DBS Group Holdings Ltd. | 630,919 | 15,556,907 |
Jardine Cycle & Carriage Ltd. | 116,170 | 2,874,788 |
Keppel Corp., Ltd. | 745,333 | 3,830,145 |
Oversea-Chinese Banking Corp., Ltd. | 1,415,409 | 13,153,190 |
Singapore Airlines Ltd. | 682,019 | 3,469,434 |
Singapore Telecommunications Ltd. | 4,789,252 | 8,440,148 |
United Overseas Bank Ltd. | 506,358 | 10,663,326 |
Venture Corp., Ltd. | 202,180 | 1,962,665 |
Wilmar International Ltd. | 2,572,143 | 7,199,334 |
69,882,022 | ||
Spain 3.1% | ||
Acciona S.A. | 12,506 | 1,789,651 |
Acerinox S.A. | 245,335 | 2,467,297 |
ACS, Actividades de Construccion y Servicios S.A. | 295,478 | 10,387,375 |
Aena SME S.A. | 25,409 | 3,998,759 |
Amadeus IT Group S.A. | 101,653 | 6,983,829 |
Banco Bilbao Vizcaya Argentaria S.A. | 6,369,534 | 50,231,108 |
Banco De Sabadell S.A. | 7,337,289 | 8,505,044 |
Banco Santander S.A. | 23,790,688 | 93,008,023 |
CaixaBank S.A. | 1,139,702 | 4,618,866 |
Enagas S.A. | 162,282 | 2,773,210 |
Endesa S.A. | 287,751 | 5,990,115 |
Ferrovial SE | 115,976 | 3,681,830 |
Grifols S.A. * | 236,250 | 3,242,353 |
Iberdrola S.A. | 3,518,717 | 41,856,663 |
Industria de Diseno Textil S.A. | 437,820 | 16,802,641 |
Mapfre S.A. | 1,320,122 | 2,795,381 |
Naturgy Energy Group S.A. (a) | 154,669 | 4,488,843 |
Redeia Corp. S.A. | 214,275 | 3,489,612 |
Repsol S.A. | 1,721,903 | 26,575,288 |
Telefonica S.A. | 11,030,619 | 45,781,232 |
339,467,120 | ||
SECURITY | NUMBER OF SHARES | VALUE ($) |
Sweden 1.8% | ||
Alfa Laval AB | 107,083 | 3,767,009 |
Assa Abloy AB, B Shares | 326,001 | 7,350,720 |
Atlas Copco AB, A Shares | 636,368 | 8,423,962 |
Atlas Copco AB, B Shares | 393,688 | 4,542,734 |
Boliden AB | 210,470 | 5,603,935 |
Electrolux AB, B Shares | 270,606 | 2,981,636 |
Epiroc AB, A Shares | 169,863 | 3,266,984 |
Epiroc AB, B Shares | 96,272 | 1,579,051 |
Essity AB, B Shares | 347,557 | 8,116,086 |
H & M Hennes & Mauritz AB, B Shares | 706,446 | 10,805,174 |
Hexagon AB, B Shares | 389,660 | 3,483,841 |
Husqvarna AB, B Shares | 329,953 | 2,847,566 |
Industrivarden AB, A Shares | 57,697 | 1,505,405 |
Industrivarden AB, C Shares | 53,410 | 1,391,112 |
Investor AB, A Shares | 224,406 | 4,289,370 |
Investor AB, B Shares | 753,319 | 14,523,022 |
Sandvik AB | 473,063 | 8,960,197 |
Securitas AB, B Shares | 602,768 | 4,913,567 |
Skandinaviska Enskilda Banken AB, A Shares | 666,641 | 7,741,021 |
Skanska AB, B Shares | 434,100 | 6,366,858 |
SKF AB, B Shares | 356,155 | 5,781,473 |
SSAB AB, A Shares | 308,689 | 1,773,216 |
SSAB AB, B Shares | 717,752 | 3,977,497 |
Svenska Cellulosa AB, S.C.A., B Shares | 217,545 | 2,900,626 |
Svenska Handelsbanken AB, A Shares | 807,170 | 6,734,587 |
Swedbank AB, A Shares | 655,966 | 11,630,773 |
Tele2 AB, B Shares | 410,795 | 2,901,477 |
Telefonaktiebolaget LM Ericsson, B Shares | 1,844,194 | 9,487,160 |
Telia Co. AB | 3,393,070 | 6,851,275 |
Trelleborg AB, B Shares | 122,141 | 3,105,421 |
Volvo AB, A Shares | 168,871 | 3,460,730 |
Volvo AB, B Shares | 1,227,977 | 24,806,483 |
Volvo Car AB, B Shares * | 285,505 | 1,087,797 |
196,957,765 | ||
Switzerland 4.9% | ||
ABB Ltd. | 574,104 | 21,898,176 |
Adecco Group AG | 316,955 | 13,682,982 |
Alcon, Inc. | 94,522 | 7,910,633 |
Baloise Holding AG | 21,932 | 3,431,647 |
Barry Callebaut AG | 1,264 | 2,206,723 |
Chocoladefabriken Lindt & Spruengli AG | 18 | 2,123,521 |
Chocoladefabriken Lindt & Spruengli AG, Participation Certificates | 204 | 2,441,302 |
Cie Financiere Richemont S.A., Class A | 118,482 | 16,848,389 |
DKSH Holding AG | 30,895 | 2,364,565 |
Galenica AG | 27,960 | 2,222,238 |
Geberit AG | 10,018 | 5,201,534 |
Georg Fischer AG | 41,378 | 2,679,674 |
Givaudan S.A. | 1,806 | 6,027,838 |
Helvetia Holding AG | 18,124 | 2,761,948 |
Holcim AG * | 433,868 | 28,765,706 |
Julius Baer Group Ltd. | 71,008 | 4,941,015 |
Kuehne & Nagel International AG | 17,412 | 5,241,835 |
Logitech International S.A. | 51,192 | 3,550,548 |
Lonza Group AG | 9,663 | 5,348,702 |
Nestle S.A. | 826,396 | 99,551,129 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Novartis AG | 648,685 | 65,591,913 |
Partners Group Holding AG | 3,978 | 4,302,050 |
Roche Holding AG | 270,098 | 79,599,784 |
Roche Holding AG, Bearer Shares | 10,248 | 3,204,639 |
Schindler Holding AG | 7,326 | 1,541,923 |
Schindler Holding AG, Participation Certificates | 16,293 | 3,636,756 |
SGS S.A. | 52,884 | 4,812,699 |
Sika AG | 23,370 | 6,625,359 |
Sonova Holding AG | 11,159 | 2,952,571 |
Swiss Life Holding AG | 14,326 | 8,995,414 |
Swiss Prime Site AG | 30,705 | 2,951,434 |
Swiss Re AG | 155,084 | 15,082,610 |
Swisscom AG | 15,380 | 9,368,174 |
The Swatch Group AG | 28,077 | 1,498,818 |
The Swatch Group AG, Bearer Shares | 19,989 | 5,628,377 |
UBS Group AG | 1,588,705 | 42,269,536 |
Zurich Insurance Group AG | 64,912 | 30,499,270 |
527,761,432 | ||
United Kingdom 14.5% | ||
3i Group plc | 309,481 | 7,817,682 |
abrdn plc | 3,084,321 | 6,452,595 |
Admiral Group plc | 114,985 | 3,628,009 |
Anglo American plc | 928,310 | 24,708,336 |
Antofagasta plc | 195,203 | 3,581,647 |
Ashtead Group plc | 142,456 | 9,971,539 |
Associated British Foods plc | 358,601 | 9,053,940 |
AstraZeneca plc | 251,762 | 34,013,916 |
Aviva plc | 2,796,914 | 13,297,492 |
B&M European Value Retail S.A. | 583,332 | 4,269,438 |
BAE Systems plc | 1,380,898 | 17,629,274 |
Balfour Beatty plc | 663,934 | 2,752,745 |
Barclays plc | 13,928,872 | 26,008,981 |
Barratt Developments plc | 1,317,774 | 7,569,278 |
Bellway plc | 170,745 | 4,621,437 |
Berkeley Group Holdings plc | 96,247 | 4,952,768 |
BP plc | 20,520,619 | 126,763,102 |
British American Tobacco plc | 1,629,814 | 54,160,333 |
BT Group plc | 12,980,536 | 19,014,208 |
Bunzl plc | 148,915 | 5,340,140 |
Burberry Group plc | 178,281 | 4,933,845 |
Centrica plc | 7,545,540 | 14,509,312 |
Coca-Cola HBC AG * | 118,691 | 3,426,094 |
Compass Group plc | 715,146 | 18,060,501 |
CRH plc | 519,888 | 29,928,180 |
Croda International plc | 31,240 | 2,185,925 |
Currys plc | 5,800,072 | 3,678,453 |
DCC plc | 129,797 | 7,116,711 |
Diageo plc | 486,096 | 19,978,539 |
Direct Line Insurance Group plc * | 2,206,808 | 4,534,290 |
Dowlais Group plc * | 813,953 | 1,171,670 |
DS Smith plc | 1,411,651 | 5,586,337 |
Entain plc | 183,582 | 2,692,644 |
Experian plc | 188,801 | 6,607,783 |
Ferguson plc | 98,097 | 15,966,790 |
FirstGroup plc | 2,211,248 | 4,065,675 |
Flutter Entertainment plc * | 20,571 | 3,756,187 |
Glencore plc | 14,503,008 | 77,451,873 |
GSK plc | 2,232,203 | 39,282,686 |
Haleon plc | 2,657,938 | 10,861,814 |
Hays plc | 2,331,922 | 3,164,691 |
HSBC Holdings plc | 11,137,450 | 82,291,805 |
IMI plc | 123,184 | 2,344,510 |
Imperial Brands plc | 887,604 | 20,126,985 |
Inchcape plc | 425,276 | 4,114,411 |
Informa plc | 421,012 | 3,898,709 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
International Distributions Services plc * | 2,521,633 | 7,764,544 |
Intertek Group plc | 71,066 | 3,728,121 |
ITV plc | 3,902,166 | 3,500,796 |
J Sainsbury plc | 3,636,055 | 12,444,653 |
John Wood Group plc * | 2,168,588 | 4,391,184 |
Johnson Matthey plc | 304,687 | 6,293,168 |
Kingfisher plc | 3,715,680 | 11,017,472 |
Land Securities Group plc | 299,042 | 2,283,437 |
Legal & General Group plc | 3,796,573 | 10,521,274 |
Lloyds Banking Group plc | 59,433,303 | 31,897,918 |
London Stock Exchange Group plc | 32,899 | 3,409,240 |
M&G plc | 4,427,382 | 10,715,394 |
Man Group plc | 791,687 | 2,124,747 |
Marks & Spencer Group plc * | 4,012,072 | 11,530,272 |
Melrose Industries plc | 791,950 | 5,144,038 |
Mondi plc | 526,775 | 8,770,984 |
National Grid plc | 2,121,190 | 26,615,233 |
NatWest Group plc | 2,413,266 | 7,045,559 |
Next plc | 55,681 | 4,930,463 |
Pearson plc | 442,969 | 4,709,373 |
Persimmon plc | 551,022 | 7,443,101 |
Phoenix Group Holdings plc | 408,048 | 2,693,871 |
Prudential plc | 983,564 | 12,041,967 |
Reckitt Benckiser Group plc | 191,430 | 13,831,363 |
RELX plc | 431,368 | 14,091,545 |
Rentokil Initial plc | 471,024 | 3,591,890 |
Rio Tinto plc | 942,763 | 58,207,930 |
Severn Trent plc | 114,258 | 3,474,767 |
Shell plc | 8,638,980 | 263,983,946 |
Smith & Nephew plc | 446,854 | 6,058,669 |
Smiths Group plc | 184,517 | 3,834,494 |
Smurfit Kappa Group plc | 204,537 | 8,615,107 |
Spectris plc | 63,436 | 2,672,731 |
SSE plc | 751,727 | 15,493,231 |
St. James's Place plc | 182,542 | 2,046,613 |
Standard Chartered plc | 1,397,095 | 12,597,653 |
Tate & Lyle plc | 317,526 | 2,842,623 |
Taylor Wimpey plc | 5,052,707 | 7,318,096 |
Tesco plc | 10,292,239 | 34,652,071 |
The Sage Group plc | 321,423 | 3,954,795 |
Travis Perkins plc | 358,717 | 3,916,385 |
Unilever plc | 1,106,823 | 56,689,453 |
United Utilities Group plc | 330,283 | 3,963,364 |
Vodafone Group plc | 53,583,526 | 49,708,365 |
Whitbread plc | 82,455 | 3,594,208 |
WPP plc | 862,996 | 8,374,366 |
1,561,873,754 | ||
Total Common Stocks (Cost $9,224,019,328) | 10,605,841,661 | |
PREFERRED STOCKS 1.1% OF NET ASSETS | ||
Germany 0.6% | ||
Bayerische Motoren Werke AG | 70,241 | 6,765,950 |
FUCHS SE | 77,039 | 3,202,426 |
Henkel AG & Co. KGaA | 131,496 | 10,093,098 |
Volkswagen AG | 370,171 | 45,415,515 |
65,476,989 | ||
Italy 0.1% | ||
Telecom Italia S.p.A. - RSP * | 27,595,498 | 8,476,067 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Republic of Korea 0.4% | ||
Hyundai Motor Co., Ltd. | 31,102 | 2,395,448 |
Hyundai Motor Co., Ltd. 2nd | 48,638 | 3,830,691 |
LG Chem Ltd. | 3,518 | 908,944 |
LG H&H Co., Ltd. | 1,609 | 232,752 |
Samsung Electronics Co., Ltd. | 758,001 | 30,968,076 |
38,335,911 | ||
Spain 0.0% | ||
Grifols S.A., B Shares * | 176,680 | 1,678,855 |
Total Preferred Stocks (Cost $119,501,939) | 113,967,822 | |
RIGHTS 0.0% OF NET ASSETS | ||
Canada 0.0% | ||
Constellation Software, Inc. | ||
expires 09/29/23, strike CAD 1.33 * | 1,396 | 774 |
Total Rights (Cost $619) | 774 | |
WARRANTS 0.0% OF NET ASSETS | ||
Canada 0.0% | ||
Constellation Software, Inc. | ||
expires 03/31/40 *(b) | 1,396 | 7,161 |
Total Warrants (Cost $0) | 7,161 |
SHORT-TERM INVESTMENTS 0.2% OF NET ASSETS | ||
Money Market Funds 0.2% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (c) | 5,105,864 | 5,105,864 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (c)(d) | 15,181,601 | 15,181,601 |
20,287,465 | ||
Total Short-Term Investments (Cost $20,287,465) | 20,287,465 | |
Total Investments in Securities (Cost $9,363,809,351) | 10,740,104,883 |
NUMBER OF CONTRACTS | NOTIONAL AMOUNT ($) | CURRENT VALUE/ UNREALIZED DEPRECIATION ($) | |
FUTURES CONTRACTS | |||
Long | |||
MSCI EAFE Index, expires 09/15/23 | 450 | 47,459,250 | (820,872 ) |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $14,475,069. |
(b) | Fair valued using significant unobservable inputs (see financial note 2(a), Securities for which no quoted value is available, for additional information). |
(c) | The rate shown is the annualized 7-day yield. |
(d) | Security purchased with cash collateral received for securities on loan. |
GDR — | Global Depositary Receipt |
REIT — | Real Estate Investment Trust |
RSP — | Risparmio (Savings Shares) |
CAD — | Canadian Dollar |
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 Stocks1 | $10,605,841,661 | $— | $— | $10,605,841,661 |
Preferred Stocks1 | 113,967,822 | — | — | 113,967,822 |
Rights1 | 774 | — | — | 774 |
Warrants1 | ||||
Canada | — | — | 7,161 | 7,161 |
Short-Term Investments1 | 20,287,465 | — | — | 20,287,465 |
Liabilities | ||||
Futures Contracts2 | (820,872 ) | — | — | (820,872 ) |
Total | $10,739,276,850 | $— | $7,161 | $10,739,284,011 |
1 | As categorized in the Portfolio Holdings. |
2 | Futures contracts are reported at cumulative unrealized appreciation or depreciation. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $9,363,809,351) including securities on loan of $14,475,069 | $10,740,104,883 | |
Foreign currency, at value (cost $8,321,516) | 8,307,300 | |
Deposit with broker for futures contracts | 2,708,510 | |
Receivables: | ||
Fund shares sold | 41,553,169 | |
Dividends | 29,084,903 | |
Foreign tax reclaims | 8,639,969 | |
Investments sold | 731,114 | |
Income from securities on loan | + | 71,019 |
Total assets | 10,831,200,867 | |
Liabilities | ||
Collateral held for securities on loan | 15,181,601 | |
Payables: | ||
Investments bought | 47,287,623 | |
Management fees | 2,244,676 | |
Variation margin on futures contracts | + | 213,325 |
Total liabilities | 64,927,225 | |
Net assets | $10,766,273,642 | |
Net Assets by Source | ||
Capital received from investors | $9,818,906,125 | |
Total distributable earnings | + | 947,367,517 |
Net assets | $10,766,273,642 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$10,766,273,642 | 332,500,000 | $32.38 | ||
For the period March 1, 2023 through August 31, 2023; unaudited | ||
Investment Income | ||
Dividends received from securities - unaffiliated (net of foreign withholding tax of $22,737,929) | $246,568,925 | |
Securities on loan, net | + | 914,351 |
Total investment income | 247,483,276 | |
Expenses | ||
Management fees | 12,641,574 | |
Professional fees | + | 10,888 1 |
Total expenses | 12,652,462 | |
Expense reduction | – | 10,888 1 |
Net expenses | – | 12,641,574 |
Net investment income | 234,841,702 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (68,598,305 ) | |
Net realized gains on sales of in-kind redemptions - unaffiliated | 5,390,871 | |
Net realized gains on futures contracts | 1,700,797 | |
Net realized losses on foreign currency transactions | + | (1,988,151 ) |
Net realized losses | (63,494,788 ) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | 386,897,573 | |
Net change in unrealized appreciation (depreciation) on futures contracts | (161,369 ) | |
Net change in unrealized appreciation (depreciation) on foreign currency translations | + | 711,655 |
Net change in unrealized appreciation (depreciation) | + | 387,447,859 |
Net realized and unrealized gains | 323,953,071 | |
Increase in net assets resulting from operations | $558,794,773 |
1 | Professional fees associated with the filing of tax claims in the European Union deemed to be non-contingent and non-routine expenses of the fund (see financial notes 2(d) and 4 for additional information). |
OPERATIONS | |||
3/1/23-8/31/23 | 3/1/22-2/28/23 | ||
Net investment income | $234,841,702 | $272,176,986 | |
Net realized losses | (63,494,788 ) | (182,975,945 ) | |
Net change in unrealized appreciation (depreciation) | + | 387,447,859 | (1,522,113 ) |
Increase in net assets resulting from operations | $558,794,773 | $87,678,928 | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($121,875,780 ) | ($247,435,740 ) |
TRANSACTIONS IN FUND SHARES | |||||
3/1/23-8/31/23 | 3/1/22-2/28/23 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 31,400,000 | $1,002,312,227 | 73,900,000 | $2,154,871,070 | |
Shares redeemed | + | (500,000 ) | (15,553,851 ) | (1,200,000 ) | (34,098,323 ) |
Net transactions in fund shares | 30,900,000 | $986,758,376 | 72,700,000 | $2,120,772,747 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
3/1/23-8/31/23 | 3/1/22-2/28/23 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 301,600,000 | $9,342,596,273 | 228,900,000 | $7,381,580,338 | |
Total increase | + | 30,900,000 | 1,423,677,369 | 72,700,000 | 1,961,015,935 |
End of period | 332,500,000 | $10,766,273,642 | 301,600,000 | $9,342,596,273 |
3/1/23– 8/31/23* | 3/1/22– 2/28/23 | 3/1/21– 2/28/22 | 3/1/20– 2/28/21 | 3/1/19– 2/29/20 | 3/1/18– 2/28/19 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $32.72 | $35.86 | $36.11 | $28.53 | $31.23 | $36.02 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.57 | 0.80 | 0.73 | 0.53 | 0.80 | 0.79 |
Net realized and unrealized gains (losses) | 0.58 | (3.32 ) | (0.01 ) | 7.66 | (2.60 ) | (4.82 ) |
Total from investment operations | 1.15 | (2.52 ) | 0.72 | 8.19 | (1.80 ) | (4.03 ) |
Less distributions: | ||||||
Distributions from net investment income | (0.24 ) | (0.62 ) | (0.97 ) | (0.61 ) | (0.90 ) | (0.76 ) |
Net asset value at end of period | $33.63 | $32.72 | $35.86 | $36.11 | $28.53 | $31.23 |
Total return | 3.51 %2 | (6.91 %) | 1.86 % | 28.97 % | (6.06 %) | (11.06 %) |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.39 %3 | 0.39 %4 | 0.39 % | 0.39 % | 0.39 % | 0.39 % |
Net investment income (loss) | 3.41 %3 | 2.53 % | 1.90 % | 1.78 % | 2.54 % | 2.38 % |
Portfolio turnover rate5 | 13 %2 | 30 % | 28 % | 24 % | 31 % | 25 % |
Net assets, end of period (x 1,000,000) | $3,013 | $2,850 | $2,686 | $2,293 | $1,900 | $1,843 |
* | Unaudited. |
1 | Calculated based on the average shares outstanding during the period. |
2 | Not annualized. |
3 | Annualized. |
4 | Ratio includes less than 0.005% of non-routine proxy expenses. |
5 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY | NUMBER OF SHARES | VALUE ($) |
COMMON STOCKS 99.3% OF NET ASSETS | ||
Australia 5.1% | ||
Adbri Ltd. | 1,404,857 | 2,010,781 |
ALS Ltd. | 273,647 | 2,093,056 |
Ansell Ltd. | 191,897 | 2,929,329 |
Appen Ltd. *(a) | 176,192 | 180,866 |
ARB Corp., Ltd. | 36,042 | 788,980 |
ASX Ltd. | 57,097 | 2,129,613 |
Austal Ltd. | 834,321 | 1,053,678 |
Bank of Queensland Ltd. | 700,450 | 2,613,003 |
Bapcor Ltd. | 350,090 | 1,507,793 |
Beach Energy Ltd. | 2,399,955 | 2,416,984 |
Bega Cheese Ltd. | 556,563 | 1,084,979 |
Bendigo & Adelaide Bank Ltd. | 633,031 | 3,898,933 |
Boral Ltd. * | 683,263 | 2,088,672 |
Breville Group Ltd. | 81,117 | 1,292,897 |
carsales.com Ltd. | 84,410 | 1,571,162 |
Challenger Ltd. | 448,120 | 1,976,432 |
Champion Iron Ltd. | 303,352 | 1,196,477 |
Charter Hall Group | 153,665 | 1,078,809 |
Charter Hall Retail REIT | 259,680 | 586,954 |
Cleanaway Waste Management Ltd. | 1,286,588 | 2,183,138 |
Cochlear Ltd. | 16,322 | 2,869,905 |
Collins Foods Ltd. | 127,441 | 818,769 |
Coronado Global Resources, Inc. | 1,052,140 | 1,076,641 |
Costa Group Holdings Ltd. | 561,494 | 1,036,407 |
Credit Corp. Group Ltd. | 47,180 | 654,207 |
Cromwell Property Group | 1,434,949 | 450,732 |
CSR Ltd. | 905,523 | 3,460,125 |
Dexus | 623,671 | 3,130,384 |
Domino's Pizza Enterprises Ltd. | 28,171 | 986,139 |
Eagers Automotive Ltd. | 271,340 | 2,811,733 |
Elders Ltd. | 216,696 | 903,810 |
Event Hospitality & Entertainment Ltd. | 102,203 | 809,525 |
Evolution Mining Ltd. | 2,053,295 | 4,933,619 |
FleetPartners Group Ltd. * | 809,256 | 1,540,897 |
Flight Centre Travel Group Ltd. *(a) | 126,567 | 1,731,230 |
G.U.D. Holdings Ltd. | 111,529 | 876,893 |
G8 Education Ltd. | 1,477,542 | 1,081,331 |
GrainCorp Ltd., Class A | 469,460 | 2,219,534 |
Harvey Norman Holdings Ltd. (a) | 979,625 | 2,563,194 |
Healius Ltd. | 695,699 | 1,261,594 |
Helia Group Ltd. | 657,554 | 1,652,355 |
IGO Ltd. | 142,860 | 1,287,924 |
Iluka Resources Ltd. | 180,407 | 996,650 |
Inghams Group Ltd. | 323,930 | 730,080 |
Insignia Financial Ltd. | 774,479 | 1,304,137 |
InvoCare Ltd. | 87,101 | 707,958 |
IRESS Ltd. | 158,035 | 655,049 |
Link Administration Holdings Ltd. | 586,733 | 509,197 |
Lynas Rare Earths Ltd. * | 55,238 | 257,221 |
Magellan Financial Group Ltd. | 236,627 | 1,371,601 |
McMillan Shakespeare Ltd. | 92,008 | 1,061,280 |
Monadelphous Group Ltd. | 159,937 | 1,519,565 |
National Storage REIT | 172,489 | 259,173 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
nib Holdings Ltd. | 420,258 | 2,264,538 |
Nine Entertainment Co. Holdings Ltd. | 1,291,551 | 1,723,134 |
Northern Star Resources Ltd. | 425,429 | 3,281,551 |
NRW Holdings Ltd. (b) | 1,067,104 | 1,879,819 |
Nufarm Ltd. | 546,785 | 1,837,910 |
oOh!media Ltd. | 786,792 | 743,966 |
Orora Ltd. (b) | 1,697,377 | 3,869,558 |
Perenti Ltd. * | 2,497,639 | 1,714,651 |
Perpetual Ltd. | 122,264 | 1,668,413 |
Perseus Mining Ltd. | 573,545 | 700,195 |
Platinum Asset Management Ltd. | 905,419 | 838,544 |
Premier Investments Ltd. | 65,448 | 1,088,932 |
Qantas Airways Ltd. * | 967,049 | 3,701,488 |
Qube Holdings Ltd. | 1,097,727 | 2,182,594 |
Ramelius Resources Ltd. | 1,142,175 | 1,017,128 |
REA Group Ltd. | 10,059 | 1,075,448 |
Reece Ltd. | 136,598 | 1,804,741 |
Region RE Ltd. | 551,581 | 771,620 |
Regis Resources Ltd. * | 1,376,163 | 1,443,860 |
Reliance Worldwide Corp., Ltd. | 648,207 | 1,754,811 |
Sandfire Resources Ltd. * | 453,812 | 1,966,267 |
SEEK Ltd. | 151,657 | 2,269,879 |
Service Stream Ltd. | 1,520,610 | 886,341 |
Seven Group Holdings Ltd. | 103,960 | 1,882,538 |
Sigma Healthcare Ltd. | 1,819,974 | 942,965 |
Silver Lake Resources Ltd. * | 841,644 | 536,914 |
Southern Cross Media Group Ltd. | 1,184,095 | 594,331 |
St. Barbara Ltd. * | 3,275,817 | 424,317 |
Steadfast Group Ltd. | 268,229 | 979,772 |
Super Retail Group Ltd. | 263,544 | 2,215,482 |
Tabcorp Holdings Ltd. | 2,278,407 | 1,615,793 |
The GPT Group | 984,876 | 2,678,991 |
The Lottery Corp., Ltd. | 773,959 | 2,526,323 |
The Star Entertainment Grp Ltd. * | 2,617,138 | 1,694,989 |
TPG Telecom Ltd. | 198,787 | 724,831 |
United Malt Grp Ltd. * | 443,040 | 1,414,589 |
Vicinity Ltd. | 3,036,623 | 3,677,670 |
Viva Energy Group Ltd. | 2,108,832 | 4,261,249 |
Washington H Soul Pattinson & Co., Ltd. | 89,677 | 1,917,198 |
Waypoint REIT Ltd. | 353,825 | 572,887 |
Westgold Resources Ltd. * | 356,474 | 374,010 |
Whitehaven Coal Ltd. | 672,301 | 2,651,682 |
Yancoal Australia Ltd. (a) | 125,442 | 429,773 |
154,813,087 | ||
Austria 0.6% | ||
ANDRITZ AG | 72,208 | 3,846,445 |
AT&S Austria Technologie & Systemtechnik AG | 31,021 | 1,107,698 |
CA Immobilien Anlagen AG | 21,814 | 724,480 |
EVN AG | 49,582 | 1,229,646 |
Lenzing AG *(a) | 29,325 | 1,394,061 |
Mayr Melnhof Karton AG (a) | 12,635 | 1,793,712 |
Oesterreichische Post AG (a) | 50,802 | 1,753,386 |
Strabag SE | 52,192 | 2,229,043 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
UNIQA Insurance Group AG | 157,490 | 1,270,023 |
Verbund AG | 20,548 | 1,686,014 |
Vienna Insurance Group AG Wiener Versicherung Gruppe | 61,223 | 1,644,597 |
18,679,105 | ||
Belgium 1.0% | ||
Ackermans & van Haaren N.V. | 23,199 | 3,655,995 |
Aedifica S.A. | 8,227 | 551,823 |
Barco N.V. | 56,453 | 1,213,171 |
Bekaert S.A. | 83,742 | 3,977,318 |
bpost S.A. | 489,401 | 2,306,345 |
Cofinimmo S.A. | 17,320 | 1,351,595 |
D'ieteren Group | 14,773 | 2,417,908 |
Elia Group S.A./N.V. | 17,986 | 2,078,997 |
Euronav N.V. | 131,372 | 2,294,898 |
Fagron | 44,674 | 797,610 |
Gimv N.V. | 7,467 | 343,623 |
KBC Ancora | 21,973 | 975,876 |
Lotus Bakeries N.V. | 48 | 378,744 |
Melexis N.V. | 11,879 | 1,124,258 |
Ontex Group N.V. * | 375,355 | 3,039,140 |
Recticel S.A. | 56,840 | 625,549 |
Sofina S.A. | 10,857 | 2,446,284 |
Warehouses De Pauw CVA | 32,634 | 935,070 |
30,514,204 | ||
Canada 7.7% | ||
ADENTRA, Inc. | 33,179 | 826,195 |
Advantage Energy Ltd. * | 57,799 | 411,401 |
Aecon Group, Inc. | 226,465 | 1,914,897 |
Ag Growth International, Inc. | 18,959 | 827,192 |
Air Canada * | 202,137 | 3,409,414 |
Alamos Gold, Inc., Class A | 194,214 | 2,494,874 |
Algoma Steel Group, Inc. | 179,642 | 1,372,925 |
Allied Properties Real Estate Investment Trust | 94,548 | 1,451,467 |
Altus Group Ltd. | 18,994 | 730,587 |
Aritzia, Inc. * | 21,516 | 394,395 |
Artis Real Estate Investment Trust | 177,614 | 918,953 |
ATS Corp. * | 25,829 | 1,157,289 |
AutoCanada, Inc. * | 64,757 | 1,287,051 |
Badger Infrastructure Solutions Ltd. | 39,127 | 1,026,363 |
Baytex Energy Corp. * | 234,722 | 954,190 |
Birchcliff Energy Ltd. | 192,966 | 1,190,928 |
BlackBerry Ltd. * | 161,981 | 902,721 |
Boardwalk Real Estate Investment Trust | 23,037 | 1,164,152 |
Bombardier, Inc., Class B * | 73,544 | 2,996,227 |
Boralex, Inc., Class A | 31,674 | 767,415 |
Boyd Group Services, Inc. | 10,473 | 1,886,371 |
Brookfield Business Corp., Class A (a) | 31,743 | 560,039 |
Brookfield Infrastructure Corp., Class A | 41,221 | 1,600,153 |
Brookfield Reinsurance Ltd. * | 15,173 | 524,850 |
Brookfield Renewable Corp., Class A | 39,965 | 1,114,217 |
BRP, Inc. | 24,222 | 1,849,927 |
CAE, Inc. * | 161,818 | 3,897,889 |
Cameco Corp. | 113,472 | 4,193,503 |
Canaccord Genuity Group, Inc. | 150,742 | 948,161 |
Canada Goose Holdings, Inc. *(a) | 16,272 | 255,936 |
Canadian Apartment Properties REIT | 81,441 | 2,917,658 |
Canadian Western Bank | 100,831 | 1,959,309 |
Canfor Corp. * | 161,090 | 2,474,186 |
Capital Power Corp. | 99,038 | 2,977,106 |
Cascades, Inc. | 455,528 | 4,279,361 |
Celestica, Inc. * | 329,969 | 7,682,489 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Centerra Gold, Inc. | 551,451 | 3,305,567 |
CES Energy Solutions Corp. | 277,204 | 753,990 |
Chartwell Retirement Residences | 223,687 | 1,697,968 |
Chemtrade Logistics Income Fund | 234,929 | 1,477,694 |
Choice Properties Real Estate Investment Trust | 128,014 | 1,240,448 |
Chorus Aviation, Inc. *(a) | 500,929 | 995,971 |
Cineplex, Inc. * | 133,908 | 845,245 |
Cogeco Communications, Inc. | 18,441 | 909,135 |
Cogeco, Inc. | 32,727 | 1,209,468 |
Colliers International Group, Inc. | 12,795 | 1,476,350 |
Crombie Real Estate Investment Trust | 90,026 | 887,651 |
Definity Financial Corp. | 13,973 | 383,988 |
Doman Building Materials Group Ltd. | 199,890 | 1,147,969 |
Dorel Industries, Inc., Class B * | 135,083 | 591,072 |
Dream Industrial Real Estate Investment Trust | 67,666 | 689,689 |
Dream Office Real Estate Investment Trust | 77,774 | 745,577 |
Dundee Precious Metals, Inc. | 156,023 | 1,005,596 |
ECN Capital Corp. | 248,562 | 486,854 |
Eldorado Gold Corp. * | 167,979 | 1,602,874 |
Element Fleet Management Corp. | 196,386 | 3,014,847 |
Enerflex Ltd. | 353,568 | 2,179,502 |
Enerplus Corp. | 121,981 | 2,083,581 |
Enghouse Systems Ltd. | 26,538 | 601,197 |
Ensign Energy Services, Inc. * | 276,784 | 630,101 |
EQB, Inc. | 13,869 | 797,420 |
Equinox Gold Corp. * | 96,081 | 483,618 |
ERO Copper Corp. * | 19,781 | 408,647 |
Exchange Income Corp. | 32,344 | 1,156,825 |
Extendicare, Inc. | 120,763 | 575,721 |
Fiera Capital Corp., Class A | 99,540 | 442,907 |
First Capital Real Estate Investment Trust | 208,050 | 2,112,870 |
FirstService Corp. | 11,490 | 1,735,283 |
Fortuna Silver Mines, Inc. * | 263,450 | 817,835 |
Frontera Energy Corp. * | 96,857 | 743,099 |
GFL Environmental, Inc. | 23,495 | 760,446 |
Gibson Energy, Inc. | 214,788 | 3,225,908 |
goeasy Ltd. | 7,619 | 711,020 |
Granite Real Estate Investment Trust | 19,568 | 1,088,790 |
H&R Real Estate Investment Trust | 361,784 | 2,764,955 |
Home Capital Group, Inc. | 54,955 | 1,797,781 |
Hudbay Minerals, Inc. | 427,712 | 2,124,413 |
IAMGOLD Corp. * | 1,283,873 | 3,178,960 |
IGM Financial, Inc. | 87,307 | 2,485,728 |
Innergex Renewable Energy, Inc. | 84,447 | 804,554 |
Interfor Corp. * | 151,735 | 2,557,048 |
International Petroleum Corp. * | 54,210 | 507,662 |
Kelt Exploration Ltd. * | 81,122 | 420,915 |
Killam Apartment Real Estate Investment Trust | 63,788 | 853,838 |
Laurentian Bank of Canada | 59,853 | 1,625,779 |
Maple Leaf Foods, Inc. | 124,685 | 2,680,873 |
Martinrea International, Inc. | 322,525 | 3,256,359 |
MEG Energy Corp. * | 220,049 | 3,931,102 |
Mullen Group Ltd. | 138,750 | 1,466,518 |
NFI Group, Inc. (a) | 267,428 | 2,441,137 |
NorthWest Healthcare Properties Real Estate Investment Trust | 145,637 | 735,209 |
NuVista Energy Ltd. * | 119,457 | 1,094,842 |
Obsidian Energy Ltd. * | 91,623 | 647,412 |
OceanaGold Corp. | 1,077,678 | 2,325,895 |
Pan American Silver Corp. | 284,003 | 4,689,476 |
Paramount Resources Ltd., Class A | 14,815 | 342,740 |
Parex Resources, Inc. | 181,897 | 3,437,752 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Pason Systems, Inc. | 69,227 | 711,227 |
Peyto Exploration & Development Corp. | 188,626 | 1,749,700 |
PrairieSky Royalty Ltd. | 61,503 | 1,175,101 |
Precision Drilling Corp. * | 29,141 | 1,919,758 |
Premium Brands Holdings Corp. | 33,456 | 2,568,764 |
Primaris Real Estate Investment Trust | 28,570 | 282,332 |
Primo Water Corp. | 161,245 | 2,457,498 |
Quebecor, Inc., Class B | 155,228 | 3,544,102 |
RB Global, Inc. | 61,572 | 3,802,769 |
Real Matters, Inc. * | 73,542 | 371,257 |
Richelieu Hardware Ltd. | 46,059 | 1,474,419 |
Rogers Sugar, Inc. | 82,858 | 352,144 |
Russel Metals, Inc. | 145,337 | 4,317,302 |
Secure Energy Services, Inc. | 298,273 | 1,649,050 |
ShawCor Ltd. * | 133,020 | 1,831,673 |
Shopify, Inc., Class A * | 53,609 | 3,561,782 |
Sienna Senior Living, Inc. | 94,823 | 822,811 |
Sleep Country Canada Holdings, Inc. | 46,772 | 855,271 |
SmartCentres Real Estate Investment Trust | 105,287 | 1,871,579 |
SSR Mining, Inc. | 125,123 | 1,853,332 |
Stantec, Inc. | 66,967 | 4,467,601 |
Stelco Holdings, Inc. | 51,444 | 1,471,512 |
Stella-Jones, Inc. | 78,092 | 3,785,841 |
Superior Plus Corp. | 275,298 | 2,077,529 |
The Descartes Systems Group, Inc. * | 12,295 | 920,660 |
The North West Co., Inc. | 67,332 | 1,517,888 |
TMX Group Ltd. | 98,317 | 2,172,791 |
Torex Gold Resources, Inc. * | 173,621 | 2,003,196 |
Toromont Industries Ltd. | 47,230 | 3,869,303 |
TransAlta Corp. | 314,298 | 3,013,005 |
TransAlta Renewables, Inc. | 66,880 | 650,040 |
Transcontinental, Inc., Class A | 234,867 | 2,296,678 |
Trican Well Service Ltd. | 343,175 | 1,212,444 |
Tricon Residential, Inc. | 93,762 | 794,200 |
Vermilion Energy, Inc. | 233,342 | 3,394,191 |
Wajax Corp. | 60,040 | 1,247,884 |
Western Forest Products, Inc. | 1,542,934 | 1,071,997 |
Westshore Terminals Investment Corp. | 39,482 | 848,909 |
Whitecap Resources, Inc. | 136,440 | 1,114,352 |
Winpak Ltd. | 30,878 | 911,768 |
232,527,122 | ||
China 0.1% | ||
Want Want China Holdings Ltd. | 5,673,955 | 3,755,262 |
Denmark 1.6% | ||
Alm Brand A/S | 558,871 | 926,168 |
Chr. Hansen Holding A/S | 43,465 | 2,844,519 |
D/S Norden A/S | 34,658 | 1,669,572 |
Demant A/S * | 57,884 | 2,374,551 |
Dfds A/S | 49,018 | 1,644,653 |
FLSmidth & Co. A/S (a) | 90,593 | 4,147,757 |
Genmab A/S * | 6,772 | 2,603,496 |
GN Store Nord A/S * | 109,931 | 2,263,631 |
H. Lundbeck A/S | 395,494 | 2,013,481 |
Jyske Bank A/S * | 47,672 | 3,402,391 |
Matas A/S | 67,572 | 1,046,995 |
NKT A/S * | 26,378 | 1,432,804 |
Per Aarsleff Holding A/S | 49,108 | 2,377,826 |
Ringkjoebing Landbobank A/S | 7,110 | 1,055,067 |
Rockwool A/S, Class B | 8,630 | 2,209,985 |
Royal Unibrew A/S | 35,230 | 3,094,640 |
Scandinavian Tobacco Group A/S, A Shares | 99,397 | 1,512,605 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Schouw & Co. A/S | 25,623 | 1,884,332 |
SimCorp A/S | 21,673 | 2,308,710 |
Solar A/S, B Shares | 12,829 | 870,592 |
Spar Nord Bank A/S | 54,330 | 822,037 |
Sydbank A/S | 58,556 | 2,759,409 |
Topdanmark A/S | 28,905 | 1,370,546 |
Tryg A/S | 138,102 | 2,639,583 |
49,275,350 | ||
Finland 1.0% | ||
Cargotec Oyj, B Shares | 70,090 | 3,300,010 |
Caverion Oyj | 33,305 | 314,484 |
Finnair Oyj *(a) | 1,682,820 | 942,447 |
Kamux Corp. (a) | 112,199 | 744,655 |
Kemira Oyj | 163,209 | 2,589,770 |
Kojamo Oyj | 105,700 | 1,055,437 |
Konecranes Oyj | 118,703 | 4,111,101 |
Metsa Board Oyj, B Shares | 222,389 | 1,780,103 |
Metso Oyj | 223,473 | 2,577,055 |
Orion Oyj, B Shares | 69,736 | 2,860,248 |
Terveystalo Oyj | 105,811 | 893,470 |
TietoEVRY Oyj | 101,499 | 2,487,456 |
Tokmanni Group Corp. | 78,912 | 1,171,653 |
Uponor Oyj | 77,230 | 2,444,237 |
YIT Oyj | 645,712 | 1,576,853 |
28,848,979 | ||
France 3.6% | ||
Aeroports de Paris | 18,328 | 2,418,902 |
Air France-KLM * | 249,409 | 3,797,857 |
Altarea S.C.A. | 5,139 | 505,889 |
Alten S.A. | 21,548 | 3,070,728 |
Beneteau S.A. | 59,957 | 913,643 |
BioMerieux | 22,078 | 2,290,801 |
Carmila S.A. | 48,657 | 760,462 |
CGG S.A. * | 3,459,936 | 2,732,313 |
Cie Plastic Omnium SE | 182,583 | 3,214,259 |
Clariane SE | 288,723 | 1,958,534 |
Coface S.A. | 121,914 | 1,636,790 |
Covivio S.A. | 48,735 | 2,383,427 |
Dassault Aviation S.A. | 12,352 | 2,434,573 |
Derichebourg S.A. | 260,476 | 1,427,673 |
Elior Group S.A. * | 972,001 | 2,185,879 |
Eramet S.A. | 12,214 | 939,220 |
Esso S.A. Francaise (a) | 7,034 | 411,492 |
Euronext N.V. | 29,989 | 2,169,361 |
Fnac Darty S.A. | 90,701 | 2,829,232 |
Gaztransport Et Technigaz S.A. | 11,594 | 1,438,299 |
Gecina S.A. | 30,387 | 3,260,125 |
Getlink SE | 147,194 | 2,469,044 |
ICADE | 60,224 | 2,277,285 |
Imerys S.A. | 89,092 | 3,042,056 |
Ipsen S.A. | 20,313 | 2,641,196 |
IPSOS | 48,489 | 2,432,444 |
JCDecaux SE * | 120,262 | 2,237,221 |
La Francaise des Jeux SAEM | 43,621 | 1,581,291 |
Maisons du Monde S.A. | 154,932 | 1,449,500 |
Mercialys S.A. | 156,771 | 1,459,899 |
Metropole Television S.A. | 166,060 | 2,278,147 |
Nexans S.A. | 33,572 | 2,771,061 |
Nexity S.A. | 143,410 | 2,383,002 |
Orpea S.A. *(a) | 895,693 | 1,673,054 |
Quadient S.A. | 119,682 | 2,470,638 |
Remy Cointreau S.A. * | 8,159 | 1,265,875 |
Rothschild & Co. | 34,484 | 1,446,561 |
Sartorius Stedim Biotech | 3,085 | 877,590 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SMCP S.A. * | 114,029 | 743,806 |
Societe BIC S.A. | 46,747 | 2,993,474 |
SOITEC * | 4,861 | 891,361 |
Sopra Steria Group S.A. | 19,195 | 4,233,324 |
SPIE S.A. | 145,475 | 4,367,272 |
Television Francaise 1 | 324,826 | 2,638,835 |
Trigano S.A. | 12,327 | 1,739,284 |
UbiSoft Entertainment S.A. * | 137,713 | 4,179,091 |
Vallourec S.A. * | 46,556 | 624,293 |
Verallia S.A. | 73,535 | 3,521,270 |
Vicat S.A. | 63,983 | 2,163,179 |
Virbac S.A. | 2,762 | 827,375 |
Worldline S.A. * | 78,974 | 2,578,289 |
109,036,176 | ||
Germany 3.9% | ||
1&1 AG | 151,368 | 2,254,021 |
ADLER Group S.A. *(a) | 1,109,433 | 615,909 |
AIXTRON SE | 12,077 | 460,083 |
Aroundtown S.A. * | 1,205,586 | 2,181,240 |
Auto1 Group SE * | 64,903 | 545,506 |
BayWa AG | 21,221 | 749,698 |
Bechtle AG | 85,804 | 4,185,143 |
Befesa S.A. | 28,480 | 1,050,966 |
Bilfinger SE | 71,207 | 2,473,104 |
CANCOM SE | 56,415 | 1,640,964 |
Carl Zeiss Meditec AG, Bearer Shares | 10,674 | 1,062,578 |
CECONOMY AG * | 1,166,441 | 3,051,051 |
CompuGroup Medical SE & Co. KgaA | 15,869 | 745,085 |
CTS Eventim AG & Co., KGaA | 17,254 | 1,076,781 |
Delivery Hero SE * | 13,317 | 487,448 |
Deutsche Pfandbriefbank AG (a) | 223,110 | 1,762,869 |
Deutsche Wohnen SE | 36,309 | 833,873 |
Deutz AG | 422,862 | 1,988,185 |
DIC Asset AG (a) | 71,043 | 335,028 |
Duerr AG | 82,393 | 2,462,771 |
DWS Group GmbH & Co. KGaA | 50,483 | 1,742,376 |
ElringKlinger AG | 121,966 | 804,183 |
Encavis AG * | 36,251 | 557,322 |
Evotec SE * | 34,753 | 816,243 |
Fielmann Group AG | 26,532 | 1,247,464 |
Fraport AG Frankfurt Airport Services Worldwide * | 45,838 | 2,490,498 |
Gerresheimer AG | 35,012 | 4,556,232 |
Grand City Properties S.A. * | 146,848 | 1,314,100 |
GRENKE AG (a) | 35,544 | 906,575 |
Hamburger Hafen und Logistik AG | 64,743 | 712,526 |
Heidelberger Druckmaschinen AG * | 388,573 | 546,994 |
Hella GmbH & Co. KGaA | 25,415 | 1,815,038 |
HelloFresh SE * | 85,523 | 2,767,963 |
Hensoldt AG | 8,765 | 285,012 |
HOCHTIEF AG | 51,616 | 5,526,512 |
Hornbach Holding AG & Co. KGaA | 35,297 | 2,781,276 |
Hugo Boss AG | 56,944 | 4,295,389 |
Jenoptik AG | 45,457 | 1,335,052 |
JOST Werke SE | 18,782 | 970,328 |
Kontron AG (a) | 48,973 | 1,068,372 |
Krones AG | 18,473 | 2,002,962 |
LEG Immobilien SE * | 49,348 | 3,567,085 |
Nemetschek SE | 10,346 | 715,738 |
Nordex SE * | 100,004 | 1,198,817 |
Norma Group SE | 90,027 | 1,658,152 |
QIAGEN N.V. * | 62,860 | 2,878,416 |
Rational AG | 1,521 | 1,161,350 |
RTL Group S.A. * | 88,454 | 3,273,720 |
SAF-Holland SE | 117,629 | 1,468,189 |
Sartorius AG | 157 | 51,205 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Scout24 SE | 35,101 | 2,423,722 |
Siltronic AG | 32,412 | 2,594,404 |
Sixt SE | 16,256 | 1,737,879 |
Software AG * | 63,753 | 2,200,379 |
Stabilus SE | 27,467 | 1,544,225 |
Stroeer SE & Co. KGaA | 29,221 | 1,330,127 |
Suedzucker AG | 141,690 | 2,288,294 |
Synlab AG | 105,478 | 1,080,696 |
TAG Immobilien AG * | 275,474 | 3,133,369 |
Takkt AG | 85,501 | 1,247,212 |
Talanx AG | 78,158 | 5,263,625 |
TeamViewer SE * | 18,203 | 338,332 |
Vitesco Technologies Group AG, Class A * | 58,826 | 4,654,431 |
Wacker Chemie AG | 15,235 | 2,250,455 |
Wacker Neuson SE | 54,954 | 1,216,744 |
117,781,286 | ||
Hong Kong 2.7% | ||
AAC Technologies Holdings, Inc. | 1,889,011 | 3,661,551 |
ASMPT Ltd. | 429,549 | 4,302,748 |
BOC Aviation Ltd. | 199,670 | 1,498,464 |
Brightoil Petroleum Holdings Ltd. *(b) | 2,380,161 | 0 |
Budweiser Brewing Co. APAC Ltd. | 760,568 | 1,648,823 |
Cathay Pacific Airways Ltd. * | 1,561,093 | 1,664,263 |
Chow Tai Fook Jewellery Group Ltd. | 1,255,528 | 1,905,287 |
CITIC Telecom International Holdings Ltd. | 3,007,797 | 1,169,864 |
CK Infrastructure Holdings Ltd. | 191,094 | 967,441 |
Cowell e Holdings, Inc. *(a) | 548,058 | 1,080,496 |
DFI Retail Group Holdings Ltd. | 714,975 | 1,765,988 |
Esprit Holdings Ltd. * | 5,610,671 | 300,505 |
Fortune Real Estate Investment Trust | 1,147,499 | 712,637 |
Hang Lung Properties Ltd. | 1,657,156 | 2,214,683 |
HKBN Ltd. | 1,454,639 | 701,187 |
Huabao International Holdings Ltd. (a) | 1,459,959 | 526,883 |
Hysan Development Co., Ltd. | 522,321 | 1,088,370 |
IGG, Inc. * | 4,619,671 | 2,167,933 |
Jinchuan Group International Resources Co., Ltd. | 16,963,884 | 854,495 |
JS Global Lifestyle Co., Ltd. * | 1,095,547 | 156,472 |
Kerry Logistics Network Ltd. | 812,978 | 764,070 |
Kerry Properties Ltd. | 1,747,570 | 3,231,392 |
L'Occitane International S.A. | 355,806 | 1,261,377 |
Luk Fook Holdings International Ltd. | 753,506 | 1,869,892 |
Man Wah Holdings Ltd. | 1,716,919 | 1,247,992 |
Melco International Development Ltd. * | 2,924,078 | 2,640,032 |
MMG Ltd. * | 7,000,206 | 2,329,906 |
Nexteer Automotive Group Ltd. | 2,917,059 | 1,878,554 |
NWS Holdings Ltd. | 3,007,619 | 3,425,006 |
Pacific Basin Shipping Ltd. | 7,488,286 | 2,033,991 |
PC Partner Group Ltd. | 609,127 | 256,335 |
Power Assets Holdings Ltd. | 109,980 | 542,063 |
Powerlong Real Estate Holdings Ltd. *(a) | 18,324,407 | 1,962,891 |
Prada S.p.A. | 236,903 | 1,548,287 |
Samsonite International S.A. * | 800,225 | 2,678,727 |
Singamas Container Holdings Ltd. | 14,373,729 | 1,301,412 |
SITC International Holdings Co., Ltd. | 1,131,225 | 2,109,033 |
SJM Holdings Ltd. * | 3,560,432 | 1,434,752 |
Swire Properties Ltd. | 800,500 | 1,674,142 |
Texhong Textile Group Ltd. | 1,431,931 | 765,109 |
The Bank of East Asia Ltd. | 2,396,857 | 3,417,204 |
The United Laboratories International Holdings Ltd. | 417,823 | 373,506 |
The Wharf Holdings Ltd. | 1,716,979 | 3,639,008 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Truly International Holdings Ltd. | 8,441,170 | 936,502 |
United Energy Group Ltd. | 7,680,956 | 1,018,675 |
Value Partners Group Ltd. | 2,514,818 | 856,258 |
Vitasoy International Holdings Ltd. | 699,489 | 900,926 |
VSTECS Holdings Ltd. | 3,064,459 | 1,594,414 |
VTech Holdings Ltd. | 419,099 | 2,559,995 |
Wynn Macau Ltd. * | 2,093,080 | 2,041,899 |
80,681,440 | ||
Ireland 0.4% | ||
AIB Group plc | 911,107 | 4,155,231 |
Cairn Homes plc | 682,395 | 851,733 |
Dalata Hotel Group plc * | 193,410 | 903,695 |
Glanbia plc | 268,497 | 4,470,278 |
Irish Continental Group plc | 153,578 | 741,752 |
Origin Enterprises plc | 149,658 | 532,774 |
Uniphar plc | 126,262 | 382,337 |
12,037,800 | ||
Israel 1.2% | ||
Alony Hetz Properties & Investments Ltd. | 59,925 | 456,738 |
Ashtrom Group Ltd. | 18,429 | 253,270 |
Azrieli Group Ltd. | 11,684 | 628,142 |
Bezeq The Israeli Telecommunication Corp., Ltd. | 2,066,686 | 2,801,069 |
Cellcom Israel Ltd. * | 162,578 | 539,316 |
Clal Insurance Enterprises Holdings Ltd. * | 55,026 | 816,198 |
Delek Automotive Systems Ltd. | 75,421 | 472,585 |
Delek Group Ltd. | 12,794 | 1,840,421 |
Elbit Systems Ltd. | 12,126 | 2,388,933 |
Elco Ltd. | 7,574 | 244,869 |
FIBI Holdings Ltd. | 25,763 | 1,122,549 |
Formula Systems 1985 Ltd. | 8,917 | 662,031 |
G City Ltd. | 242,368 | 775,288 |
Harel Insurance Investments & Financial Services Ltd. | 137,052 | 999,845 |
Isracard Ltd. | 251,575 | 1,021,322 |
Israel Corp., Ltd. | 7,806 | 2,174,328 |
Mivne Real Estate KD Ltd. | 225,309 | 540,687 |
Mizrahi Tefahot Bank Ltd. | 71,993 | 2,373,042 |
Neto Malinda Trading Ltd. * | 13,582 | 189,840 |
Nice Ltd. * | 15,103 | 2,990,142 |
Oil Refineries Ltd. | 6,566,118 | 2,141,858 |
Partner Communications Co., Ltd. * | 119,976 | 502,545 |
Paz Ashdod Refinery Ltd. * | 21,379 | 583,683 |
Paz Oil Co., Ltd. * | 21,471 | 1,780,064 |
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. | 4,922 | 285,085 |
Shikun & Binui Ltd. * | 247,818 | 621,258 |
Shufersal Ltd. * | 361,106 | 1,683,697 |
Strauss Group Ltd. * | 34,412 | 748,162 |
The First International Bank of Israel Ltd. | 32,650 | 1,322,917 |
The Phoenix Holdings Ltd. | 115,278 | 1,156,635 |
Tower Semiconductor Ltd. * | 69,584 | 2,035,327 |
36,151,846 | ||
Italy 2.9% | ||
ACEA S.p.A. | 74,309 | 892,809 |
Amplifon S.p.A. | 43,352 | 1,413,444 |
Anima Holding S.p.A. | 513,238 | 2,116,762 |
Azimut Holding S.p.A. | 129,762 | 3,011,098 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Banca Generali S.p.A. | 49,075 | 1,795,514 |
Banca IFIS S.p.A. | 56,490 | 994,471 |
Banca Mediolanum S.p.A. | 228,372 | 2,091,968 |
Banca Monte dei Paschi di Siena S.p.A. * | 1,204,152 | 3,348,345 |
Banca Popolare di Sondrio S.p.A. | 524,687 | 2,497,691 |
BFF Bank S.p.A. | 147,757 | 1,589,247 |
BPER Banca | 1,780,801 | 5,388,624 |
Brembo S.p.A. | 175,081 | 2,439,910 |
Buzzi S.p.A | 155,191 | 4,652,216 |
Cementir Holding N.V. | 97,524 | 853,132 |
Credito Emiliano S.p.A. | 90,396 | 757,419 |
Danieli & C Officine Meccaniche S.p.A. | 13,328 | 320,412 |
Davide Campari-Milano N.V. | 155,512 | 2,037,234 |
De'Longhi S.p.A. | 91,753 | 2,431,844 |
DiaSorin S.p.A. | 9,485 | 1,004,336 |
doValue S.p.A. | 53,333 | 261,640 |
Enav S.p.A. | 285,685 | 1,154,694 |
ERG S.p.A. | 48,311 | 1,326,589 |
Esprinet S.p.A. | 183,540 | 1,158,378 |
Fincantieri S.p.A. *(a) | 1,143,540 | 635,464 |
FinecoBank Banca Fineco S.p.A. | 205,389 | 2,822,153 |
Infrastrutture Wireless Italiane S.p.A. | 87,030 | 1,078,238 |
Interpump Group S.p.A. | 47,338 | 2,401,935 |
Iren S.p.A. | 1,806,153 | 3,744,188 |
Italgas S.p.A. | 655,542 | 3,735,335 |
Maire Tecnimont S.p.A. | 270,312 | 1,083,170 |
MARR S.p.A. | 65,470 | 964,966 |
MFE-MediaForEurope N.V., Class A | 5,733,197 | 2,905,919 |
MFE-MediaForEurope N.V., Class B | 1,664,709 | 1,194,289 |
Moncler S.p.A. | 67,529 | 4,591,047 |
Nexi S.p.A. * | 111,692 | 803,963 |
OVS S.p.A. | 557,709 | 1,399,475 |
Piaggio & C S.p.A. | 255,787 | 978,882 |
Recordati Industria Chimica e Farmaceutica S.p.A. | 56,506 | 2,844,428 |
Reply S.p.A. | 9,387 | 962,273 |
Saipem SpA * | 407,989 | 660,231 |
Salvatore Ferragamo S.p.A. | 59,908 | 954,510 |
Saras S.p.A. | 2,483,039 | 3,542,532 |
Technogym S.p.A. | 98,733 | 846,027 |
Unieuro S.p.A. (a) | 90,893 | 1,016,102 |
UnipolSai Assicurazioni S.p.A. | 670,170 | 1,697,679 |
Webuild S.p.A. (a) | 653,210 | 1,337,101 |
85,737,684 | ||
Japan 35.7% | ||
ABC-Mart, Inc. | 108,330 | 1,972,241 |
Acom Co., Ltd. | 661,449 | 1,570,649 |
Activia Properties, Inc. | 419 | 1,174,242 |
Adastria Co., Ltd. | 84,576 | 1,692,856 |
ADEKA Corp. | 228,977 | 4,407,790 |
Advance Residence Investment Corp. | 539 | 1,297,658 |
Aeon Delight Co., Ltd. | 57,578 | 1,263,603 |
AEON Financial Service Co., Ltd. | 249,433 | 2,177,624 |
Aeon Hokkaido Corp. | 102,596 | 606,055 |
Aeon Mall Co., Ltd. | 218,184 | 2,616,679 |
AEON REIT Investment Corp. | 1,037 | 1,049,216 |
Ai Holdings Corp. | 41,351 | 672,875 |
Aica Kogyo Co., Ltd. | 102,890 | 2,441,769 |
Aichi Steel Corp. | 99,220 | 2,497,794 |
Aida Engineering Ltd. | 146,380 | 1,021,548 |
Aiful Corp. | 318,223 | 756,295 |
Ain Holdings, Inc. | 56,588 | 2,022,374 |
Alconix Corp. | 111,229 | 1,058,160 |
Alpen Co., Ltd. | 63,521 | 833,799 |
Amano Corp. | 118,007 | 2,575,185 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
ANA Holdings, Inc. * | 227,633 | 5,144,160 |
Anritsu Corp. | 197,575 | 1,450,073 |
AOKI Holdings, Inc. | 188,643 | 1,354,068 |
Aoyama Trading Co., Ltd. | 314,955 | 3,496,015 |
Aozora Bank Ltd. (a) | 170,637 | 3,354,488 |
Arata Corp. | 105,088 | 3,905,114 |
Arcland Sakamoto Co., Ltd. | 72,450 | 826,095 |
Arcs Co., Ltd. | 223,332 | 3,965,472 |
ARE Holdings, Inc. | 110,170 | 1,430,239 |
Ariake Japan Co., Ltd. | 20,995 | 765,762 |
As One Corp. | 17,195 | 675,706 |
Asahi Diamond Industrial Co., Ltd. | 108,887 | 668,647 |
Asahi Intecc Co., Ltd. | 50,568 | 1,030,568 |
Asanuma Corp. | 42,958 | 1,053,406 |
Asics Corp. | 145,328 | 5,301,625 |
ASKUL Corp. | 78,783 | 1,063,897 |
Autobacs Seven Co., Ltd. | 198,626 | 2,211,579 |
Avex, Inc. | 88,782 | 895,229 |
Azbil Corp. | 131,652 | 4,394,881 |
BayCurrent Consulting, Inc. | 20,122 | 692,871 |
Belc Co., Ltd. | 27,276 | 1,272,137 |
Bell System24 Holdings, Inc. | 59,665 | 623,760 |
Belluna Co., Ltd. | 188,612 | 941,862 |
Benesse Holdings, Inc. | 175,211 | 2,231,884 |
Bic Camera, Inc. (a) | 477,670 | 3,550,084 |
BIPROGY, Inc. | 102,100 | 2,644,634 |
BML, Inc. | 41,264 | 820,547 |
Bunka Shutter Co., Ltd. | 152,859 | 1,144,461 |
C Uyemura & Co., Ltd. | 7,054 | 461,755 |
Calbee, Inc. | 125,225 | 2,499,167 |
Canon Electronics, Inc. | 54,472 | 693,317 |
Canon Marketing Japan, Inc. | 121,133 | 3,184,229 |
Capcom Co., Ltd. | 49,158 | 2,074,236 |
Casio Computer Co., Ltd. | 418,348 | 3,711,210 |
Cawachi Ltd. | 76,575 | 1,202,393 |
Central Glass Co., Ltd. | 69,292 | 1,395,978 |
Chudenko Corp. | 75,464 | 1,238,857 |
Chugoku Marine Paints Ltd. | 113,109 | 1,108,676 |
Citizen Watch Co., Ltd. | 639,752 | 3,924,158 |
CKD Corp. | 100,826 | 1,394,811 |
CMK Corp. | 176,782 | 751,644 |
Colowide Co., Ltd. | 53,060 | 919,899 |
Comforia Residential REIT, Inc. | 257 | 601,082 |
Cosmos Pharmaceutical Corp. | 27,064 | 3,181,649 |
Create SD Holdings Co., Ltd. | 46,621 | 1,194,466 |
Credit Saison Co., Ltd. | 285,056 | 4,461,312 |
CyberAgent, Inc. | 384,523 | 2,451,058 |
Daihen Corp. | 42,316 | 1,549,227 |
Daiho Corp. | 32,662 | 896,278 |
Daiichikosho Co., Ltd. | 127,702 | 2,470,095 |
Daiken Corp. | 64,597 | 1,348,868 |
Daiki Aluminium Industry Co., Ltd. | 104,922 | 1,037,797 |
Daikokutenbussan Co., Ltd. | 18,325 | 830,752 |
Daio Paper Corp. | 277,787 | 2,368,874 |
Daiseki Co., Ltd. | 34,820 | 1,055,949 |
Daishi Hokuetsu Financial Group, Inc. | 56,154 | 1,409,780 |
Daito Pharmaceutical Co., Ltd. | 38,675 | 608,078 |
Daiwa House REIT Investment Corp. | 811 | 1,538,608 |
Daiwa Office Investment Corp. | 150 | 704,743 |
Daiwa Securities Living Investments Corp. | 821 | 628,784 |
DCM Holdings Co., Ltd. | 344,354 | 2,878,585 |
Dena Co., Ltd. | 114,087 | 1,183,304 |
Descente Ltd. | 31,938 | 812,792 |
Dexerials Corp. | 40,061 | 993,923 |
Disco Corp. | 37,757 | 7,454,923 |
DMG Mori Co., Ltd. | 162,103 | 2,962,359 |
Doshisha Co., Ltd. | 75,196 | 1,224,127 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Doutor Nichires Holdings Co., Ltd. | 86,424 | 1,384,351 |
DTS Corp. | 48,861 | 1,084,047 |
Duskin Co., Ltd. | 91,840 | 2,069,136 |
DyDo Group Holdings, Inc. | 27,399 | 1,093,438 |
Eagle Industry Co., Ltd. | 113,484 | 1,308,007 |
Earth Corp. | 31,305 | 1,065,469 |
Eizo Corp. | 40,697 | 1,406,092 |
Elecom Co., Ltd. | 77,599 | 932,776 |
en-japan, Inc. | 41,180 | 721,290 |
eRex Co., Ltd. | 26,648 | 170,960 |
Exedy Corp. | 186,152 | 3,373,074 |
Ezaki Glico Co., Ltd. | 132,443 | 3,495,182 |
Fancl Corp. | 61,432 | 1,077,070 |
FCC Co., Ltd. | 169,926 | 2,244,515 |
Ferrotec Holdings Corp. | 27,877 | 580,192 |
Food & Life Cos., Ltd. | 70,964 | 1,349,479 |
Foster Electric Co., Ltd. | 171,180 | 1,059,403 |
FP Corp. | 58,483 | 1,124,789 |
Frontier Real Estate Investment Corp. | 221 | 714,225 |
Fuji Co., Ltd. | 92,689 | 1,163,189 |
Fuji Corp. | 165,548 | 2,734,780 |
Fuji Media Holdings, Inc. | 172,185 | 1,799,495 |
Fuji Oil Co., Ltd. | 440,203 | 922,224 |
Fuji Oil Holdings, Inc. | 130,136 | 2,091,687 |
Fuji Seal International, Inc. | 141,202 | 1,695,374 |
Fuji Soft, Inc. | 49,148 | 1,485,395 |
Fujicco Co., Ltd. | 28,063 | 374,148 |
Fujimi, Inc. | 37,689 | 872,425 |
Fujimori Kogyo Co., Ltd. | 54,171 | 1,397,205 |
Fujitec Co., Ltd. | 89,912 | 2,300,527 |
Fujitsu General Ltd. | 65,872 | 1,271,877 |
Fukuoka Financial Group, Inc. | 169,652 | 4,016,832 |
Fukuoka REIT Corp. | 571 | 635,774 |
Fukuyama Transporting Co., Ltd. | 87,921 | 2,189,193 |
Fuso Chemical Co., Ltd. | 22,916 | 672,912 |
Fuyo General Lease Co., Ltd. | 18,264 | 1,511,702 |
Gakken Holdings Co., Ltd. | 92,779 | 539,780 |
Geo Holdings Corp. | 146,869 | 2,650,169 |
GLOBERIDE, Inc. | 40,976 | 546,872 |
Glory Ltd. | 156,947 | 3,318,219 |
GLP J-REIT | 1,372 | 1,293,922 |
GMO internet group, Inc. | 46,213 | 748,340 |
Godo Steel Ltd. | 45,300 | 1,367,541 |
Goldwin, Inc. | 14,770 | 1,056,630 |
Gree, Inc. | 140,094 | 596,616 |
G-Tekt Corp. | 69,066 | 875,748 |
GungHo Online Entertainment, Inc. | 61,244 | 1,009,410 |
Gunze Ltd. | 55,883 | 1,759,958 |
H.I.S. Co., Ltd. *(a) | 61,947 | 839,094 |
H.U. Group Holdings, Inc. | 139,483 | 2,527,432 |
H2O Retailing Corp. | 487,735 | 5,879,554 |
Hakuto Co., Ltd. | 21,428 | 741,815 |
Hamamatsu Photonics K.K. | 54,061 | 2,505,035 |
Happinet Corp. | 41,289 | 740,216 |
Harmonic Drive Systems, Inc. | 8,497 | 223,828 |
Hazama Ando Corp. | 549,610 | 4,481,142 |
Heiwa Corp. | 81,831 | 1,249,513 |
Heiwa Real Estate Co., Ltd. | 28,411 | 763,039 |
Heiwado Co., Ltd. | 153,308 | 2,527,315 |
Hikari Tsushin, Inc. | 21,175 | 3,528,561 |
Hirata Corp. | 18,282 | 980,750 |
Hirose Electric Co., Ltd. | 24,371 | 2,955,456 |
Hisamitsu Pharmaceutical Co., Inc. | 90,748 | 3,080,514 |
Hitachi Zosen Corp. | 408,047 | 2,418,824 |
Hogy Medical Co., Ltd. | 27,460 | 603,579 |
Hokuetsu Corp. | 393,771 | 2,447,799 |
Hokuhoku Financial Group, Inc. | 295,077 | 2,675,424 |
Hokuriku Electric Power Co. * | 938,857 | 5,469,277 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Hokuto Corp. | 49,251 | 618,746 |
Horiba Ltd. | 56,888 | 2,962,701 |
Hoshizaki Corp. | 100,676 | 3,868,404 |
Hosiden Corp. | 203,689 | 2,536,581 |
Hosokawa Micron Corp. | 28,178 | 786,781 |
House Foods Group, Inc. | 148,322 | 3,204,126 |
Hulic Co., Ltd. | 396,516 | 3,562,475 |
Hulic REIT, Inc. | 646 | 720,613 |
Ibiden Co., Ltd. | 98,741 | 5,963,052 |
Idec Corp. | 29,662 | 620,399 |
IDOM, Inc. | 142,880 | 770,415 |
Iino Kaiun Kaisha Ltd. | 141,715 | 1,017,221 |
Inaba Denki Sangyo Co., Ltd. | 153,454 | 3,325,531 |
Inabata & Co., Ltd. | 183,930 | 4,004,932 |
Industrial & Infrastructure Fund Investment Corp. | 728 | 730,075 |
Intage Holdings, Inc. | 49,721 | 599,036 |
Integrated Design & Engineering Holdings Co., Ltd. | 18,948 | 441,862 |
Internet Initiative Japan, Inc. | 76,446 | 1,330,591 |
Invincible Investment Corp. | 2,145 | 891,386 |
Iriso Electronics Co., Ltd. | 24,225 | 720,502 |
Ishihara Sangyo Kaisha Ltd. | 132,609 | 1,306,187 |
Ito En Ltd. | 70,241 | 2,078,981 |
Itochu Enex Co., Ltd. | 281,896 | 2,856,040 |
Itochu Techno-Solutions Corp. | 111,144 | 3,301,836 |
Izumi Co., Ltd. | 173,400 | 4,526,016 |
Jaccs Co., Ltd. | 49,506 | 1,724,047 |
JAFCO Group Co., Ltd. | 82,531 | 1,058,955 |
Japan Airlines Co., Ltd. | 255,969 | 5,276,388 |
Japan Airport Terminal Co., Ltd. | 22,043 | 1,045,788 |
Japan Aviation Electronics Industry Ltd. | 103,717 | 2,187,115 |
Japan Excellent, Inc. | 931 | 848,602 |
Japan Hotel REIT Investment Corp. | 1,807 | 916,005 |
Japan Lifeline Co., Ltd. | 118,690 | 939,998 |
Japan Logistics Fund, Inc. | 327 | 685,064 |
Japan Metropolitan Fund Invest | 3,543 | 2,380,090 |
Japan Petroleum Exploration Co., Ltd. | 66,506 | 2,183,595 |
Japan Post Bank Co., Ltd. | 424,595 | 3,407,901 |
Japan Prime Realty Investment Corp. | 465 | 1,178,590 |
Japan Real Estate Investment Corp. | 649 | 2,697,015 |
JEOL Ltd. | 25,615 | 818,146 |
Joshin Denki Co., Ltd. | 164,997 | 2,522,810 |
Joyful Honda Co., Ltd. | 173,109 | 2,040,423 |
Juki Corp. | 161,167 | 690,787 |
JVCKenwood Corp. | 800,585 | 3,497,421 |
Kadokawa Corp. | 63,628 | 1,497,772 |
Kaga Electronics Co., Ltd. | 46,409 | 2,110,297 |
Kagome Co., Ltd. | 87,073 | 2,032,311 |
Kakaku.com, Inc. | 77,071 | 918,489 |
Kaken Pharmaceutical Co., Ltd. | 65,541 | 1,611,682 |
Kameda Seika Co., Ltd. | 12,183 | 369,042 |
Kamigumi Co., Ltd. | 193,121 | 4,353,629 |
Kanamoto Co., Ltd. | 128,558 | 2,182,002 |
Kandenko Co., Ltd. | 492,038 | 4,511,940 |
Kansai Paint Co., Ltd. | 248,249 | 4,073,681 |
Kanto Denka Kogyo Co., Ltd. | 107,264 | 614,474 |
Katitas Co., Ltd. | 32,103 | 512,687 |
Kato Sangyo Co., Ltd. | 118,281 | 3,408,241 |
Keihan Holdings Co., Ltd. | 112,660 | 3,217,641 |
Keikyu Corp. | 299,637 | 2,765,136 |
Keio Corp. | 116,872 | 4,045,986 |
Keisei Electric Railway Co., Ltd. | 93,647 | 3,588,027 |
Kenedix Office Investment Corp. | 501 | 1,183,803 |
Kenedix Residential Next Investment Corp. | 371 | 575,925 |
Kenedix Retail REIT Corp. | 343 | 679,003 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
KFC Holdings Japan Ltd. | 29,932 | 620,906 |
KH Neochem Co., Ltd. | 64,129 | 1,000,357 |
Kissei Pharmaceutical Co., Ltd. | 39,729 | 930,562 |
Kitz Corp. | 235,279 | 1,704,979 |
Koa Corp. | 42,612 | 538,851 |
Kobayashi Pharmaceutical Co., Ltd. | 40,746 | 2,015,679 |
Kobe Bussan Co., Ltd. | 26,420 | 657,664 |
Koei Tecmo Holdings Co., Ltd. | 49,914 | 775,701 |
Kohnan Shoji Co., Ltd. | 87,174 | 2,128,678 |
Kojima Co., Ltd. (a) | 135,735 | 591,105 |
Kokusai Pulp & Paper Co., Ltd. | 152,955 | 685,006 |
Kokuyo Co., Ltd. | 206,372 | 3,210,719 |
Komeri Co., Ltd. | 107,369 | 2,267,814 |
Konami Group Corp. | 70,248 | 4,080,208 |
Konoike Transport Co., Ltd. | 53,990 | 757,644 |
Kose Corp. | 24,437 | 2,029,353 |
Kumagai Gumi Co., Ltd. | 147,756 | 3,303,539 |
Kumiai Chemical Industry Co., Ltd. | 139,298 | 1,076,418 |
Kura Sushi, Inc. (a) | 28,817 | 625,488 |
Kureha Corp. | 35,308 | 2,076,014 |
Kusuri no Aoki Holdings Co., Ltd. | 22,515 | 1,409,652 |
KYB Corp. | 61,022 | 1,993,060 |
Kyoei Steel Ltd. | 113,910 | 1,518,696 |
Kyokuto Kaihatsu Kogyo Co., Ltd. | 111,007 | 1,383,156 |
Kyorin Pharmaceutical Co., Ltd. | 93,262 | 1,136,427 |
Kyoritsu Maintenance Co., Ltd. | 19,628 | 846,949 |
Kyowa Kirin Co., Ltd. | 172,447 | 3,163,236 |
Kyudenko Corp. | 122,627 | 3,775,212 |
Kyushu Financial Group, Inc. | 491,763 | 2,411,441 |
LaSalle Logiport REIT | 254 | 259,435 |
Lasertec Corp. | 2,343 | 364,924 |
Lawson, Inc. | 85,360 | 4,075,539 |
Life Corp. | 95,484 | 2,384,067 |
Lintec Corp. | 152,785 | 2,521,842 |
M3, Inc. | 78,591 | 1,567,393 |
Mabuchi Motor Co., Ltd. | 90,835 | 2,782,108 |
Macnica Holdings, Inc. | 143,390 | 6,727,023 |
Makino Milling Machine Co., Ltd. | 51,353 | 2,458,567 |
Mandom Corp. | 90,100 | 889,334 |
Marubun Corp. | 39,142 | 314,835 |
Maruha Nichiro Corp. | 189,297 | 3,305,237 |
Marui Group Co., Ltd. | 187,661 | 3,251,536 |
Maruichi Steel Tube Ltd. | 108,202 | 2,815,326 |
MARUKA FURUSATO Corp. | 16,069 | 313,245 |
Maruwa Co., Ltd. | 4,968 | 925,795 |
Matsuda Sangyo Co., Ltd. | 62,399 | 963,941 |
Max Co., Ltd. | 65,063 | 1,224,526 |
Maxell Holdings Ltd. | 117,870 | 1,278,406 |
McDonald's Holdings Co., Japan Ltd. | 37,500 | 1,491,397 |
MCJ Co., Ltd. | 171,718 | 1,403,609 |
Mebuki Financial Group, Inc. | 1,379,063 | 3,818,390 |
Megachips Corp. | 36,774 | 1,060,898 |
Megmilk Snow Brand Co., Ltd. | 267,759 | 4,384,638 |
Meidensha Corp. | 128,635 | 1,931,491 |
Meiko Electronics Co., Ltd. | 38,608 | 948,062 |
Meitec Corp. | 80,173 | 1,405,099 |
Menicon Co., Ltd. | 33,645 | 470,639 |
METAWATER Co., Ltd. | 45,807 | 604,740 |
Mimasu Semiconductor Industry Co., Ltd. | 34,822 | 687,423 |
MIRAIT ONE Corp. | 319,029 | 4,227,131 |
Mirarth Holdings, Inc. | 281,446 | 904,741 |
Mitsubishi HC Capital, Inc. | 467,842 | 3,042,893 |
Mitsubishi Logisnext Co., Ltd. | 208,815 | 1,962,145 |
Mitsubishi Logistics Corp. | 104,656 | 2,782,727 |
Mitsubishi Pencil Co., Ltd. | 33,685 | 446,557 |
Mitsuboshi Belting Ltd. | 13,201 | 437,056 |
Mitsui E&S Co., Ltd. | 266,661 | 917,657 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Mitsui High-Tec, Inc. | 10,122 | 688,311 |
Mitsui Matsushima Holdings Co., Ltd. (a) | 31,569 | 625,807 |
Mitsui-Soko Holdings Co., Ltd. | 61,224 | 1,747,335 |
Miura Co., Ltd. | 78,436 | 1,812,942 |
Mixi, Inc. | 111,100 | 1,855,164 |
Mizuho Leasing Co., Ltd. | 39,118 | 1,292,424 |
Mizuno Corp. | 69,413 | 2,217,058 |
Mochida Pharmaceutical Co., Ltd. | 49,519 | 1,147,966 |
Modec, Inc. * | 46,839 | 532,462 |
Monex Group, Inc. | 170,757 | 613,428 |
MonotaRO Co., Ltd. | 58,455 | 691,414 |
Mori Hills Reit Investment Corp. | 599 | 603,588 |
Morinaga & Co., Ltd. | 79,186 | 2,878,947 |
MOS Food Services, Inc. | 33,567 | 786,231 |
Musashi Seimitsu Industry Co., Ltd. | 127,784 | 1,522,858 |
Nabtesco Corp. | 162,261 | 3,075,029 |
Nachi-Fujikoshi Corp. | 65,922 | 1,818,023 |
Nakanishi, Inc. | 18,537 | 467,293 |
Nankai Electric Railway Co., Ltd. | 136,979 | 2,879,113 |
NEC Networks & System Integration Corp. | 113,592 | 1,516,016 |
NET One Systems Co., Ltd. | 86,743 | 1,701,077 |
Nexon Co., Ltd. | 164,547 | 3,342,140 |
Nextage Co., Ltd. | 15,776 | 355,430 |
Nichias Corp. | 144,142 | 3,019,769 |
Nichicon Corp. | 105,353 | 1,018,903 |
Nichiha Corp. | 74,975 | 1,609,348 |
Nifco, Inc. | 130,032 | 3,840,626 |
Nihon Chouzai Co., Ltd. | 74,391 | 700,042 |
Nihon Kohden Corp. | 108,827 | 2,898,864 |
Nihon M&A Center Holdings, Inc. | 88,675 | 493,427 |
Nihon Parkerizing Co., Ltd. | 208,734 | 1,667,463 |
Nikkiso Co., Ltd. | 167,963 | 1,162,941 |
Nikkon Holdings Co., Ltd. | 140,317 | 3,202,757 |
Nippn Corp. | 181,904 | 2,586,402 |
Nippon Accommodations Fund, Inc. | 205 | 925,130 |
Nippon Building Fund, Inc. | 711 | 3,003,503 |
Nippon Carbon Co., Ltd. | 21,842 | 665,379 |
Nippon Chemi-Con Corp. * | 69,425 | 670,001 |
Nippon Coke & Engineering Co., Ltd. * | 884,889 | 686,832 |
Nippon Denko Co., Ltd. | 257,912 | 492,493 |
Nippon Densetsu Kogyo Co., Ltd. | 119,611 | 1,754,092 |
Nippon Gas Co., Ltd. | 121,272 | 1,894,654 |
Nippon Kanzai Holdings Co., Ltd. | 32,154 | 588,815 |
Nippon Kayaku Co., Ltd. | 368,269 | 3,302,368 |
Nippon Paint Holdings Co., Ltd. | 403,038 | 3,117,222 |
Nippon Prologis REIT, Inc. | 642 | 1,291,629 |
NIPPON REIT Investment Corp. | 268 | 640,615 |
Nippon Sanso Holdings Corp. | 163,396 | 3,947,273 |
Nippon Sheet Glass Co., Ltd. * | 562,595 | 2,960,111 |
Nippon Shinyaku Co., Ltd. | 38,902 | 1,709,887 |
Nippon Shokubai Co., Ltd. | 101,076 | 3,851,142 |
Nippon Soda Co., Ltd. | 58,385 | 2,161,590 |
Nippon Thompson Co., Ltd. | 158,291 | 612,136 |
Nippon Yakin Kogyo Co., Ltd. | 37,454 | 1,156,408 |
Nipro Corp. | 352,943 | 2,928,565 |
Nishimatsu Construction Co., Ltd. | 66,959 | 1,698,524 |
Nishimatsuya Chain Co., Ltd. | 95,743 | 1,105,498 |
Nishi-Nippon Financial Holdings, Inc. | 252,354 | 2,617,402 |
Nishi-Nippon Railroad Co., Ltd. | 137,797 | 2,576,388 |
Nishio Holdings Co., Ltd. | 59,381 | 1,450,008 |
Nissha Co., Ltd. | 103,411 | 1,254,414 |
Nisshinbo Holdings, Inc. | 463,139 | 3,445,269 |
Nitta Corp. | 37,875 | 861,121 |
Nittetsu Mining Co., Ltd. | 50,039 | 1,756,357 |
Nitto Boseki Co., Ltd. | 58,981 | 1,622,550 |
Nitto Kogyo Corp. | 66,124 | 1,766,819 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Noevir Holdings Co., Ltd. | 15,481 | 605,055 |
NOF Corp. | 72,156 | 3,257,267 |
Nohmi Bosai Ltd. | 53,574 | 652,080 |
Nojima Corp. | 294,332 | 2,585,779 |
Nomura Co., Ltd. | 140,565 | 825,518 |
Nomura Real Estate Master Fund, Inc. | 2,549 | 2,995,734 |
Noritake Co., Ltd. | 48,041 | 1,989,815 |
Noritz Corp. | 126,370 | 1,388,824 |
North Pacific Bank Ltd. | 457,988 | 965,775 |
NS Solutions Corp. | 50,412 | 1,367,774 |
NS United Kaiun Kaisha Ltd. | 27,452 | 767,453 |
NSD Co., Ltd. | 59,104 | 1,038,486 |
NTN Corp. | 1,642,565 | 3,270,801 |
NTT UD REIT Investment Corp. | 779 | 741,624 |
Obic Co., Ltd. | 13,856 | 2,410,774 |
Odakyu Electric Railway Co., Ltd. | 328,791 | 4,891,722 |
Oiles Corp. | 30,624 | 434,796 |
Okamura Corp. | 209,212 | 3,124,133 |
Okasan Securities Group, Inc. | 282,658 | 1,118,323 |
Oki Electric Industry Co., Ltd. | 518,717 | 3,217,374 |
Okinawa Cellular Telephone Co. | 17,512 | 378,904 |
OKUMA Corp. | 65,109 | 3,056,771 |
Okumura Corp. | 105,047 | 3,286,665 |
Onoken Co., Ltd. | 131,567 | 1,519,141 |
Onward Holdings Co., Ltd. | 444,861 | 1,592,009 |
Open House Group Co., Ltd. | 74,102 | 2,507,308 |
Oracle Corp. Japan | 27,220 | 1,901,483 |
Organo Corp. | 30,941 | 860,741 |
Orient Corp. | 142,731 | 1,083,338 |
Orix JREIT, Inc. | 1,397 | 1,737,794 |
Osaka Soda Co., Ltd. | 42,113 | 2,021,979 |
OSG Corp. | 133,130 | 1,681,671 |
Outsourcing, Inc. | 179,807 | 1,411,062 |
Oyo Corp. | 42,030 | 786,411 |
Pacific Industrial Co., Ltd. | 183,009 | 1,795,081 |
Paramount Bed Holdings Co., Ltd. | 58,569 | 950,637 |
Park24 Co., Ltd. * | 127,667 | 1,802,956 |
Pasona Group, Inc. | 56,209 | 631,258 |
PHC Holdings Corp. | 27,777 | 272,266 |
Pigeon Corp. | 138,978 | 1,612,349 |
Pilot Corp. | 51,760 | 1,668,508 |
Piolax, Inc. | 26,227 | 420,828 |
Pola Orbis Holdings, Inc. | 133,590 | 1,725,562 |
Press Kogyo Co., Ltd. | 546,822 | 2,516,542 |
Prima Meat Packers Ltd. | 148,159 | 2,576,767 |
Qol Holdings Co., Ltd. | 91,308 | 1,206,067 |
Raito Kogyo Co., Ltd. | 88,036 | 1,230,575 |
Rakuten Group, Inc. | 733,121 | 2,861,783 |
Relo Group, Inc. | 75,012 | 879,524 |
Resorttrust, Inc. | 71,460 | 1,146,619 |
Retail Partners Co., Ltd. | 182,853 | 2,024,652 |
Rinnai Corp. | 162,337 | 3,146,161 |
Rohto Pharmaceutical Co., Ltd. | 143,794 | 3,750,289 |
Round One Corp. | 190,875 | 778,787 |
Ryobi Ltd. | 197,280 | 3,845,730 |
Ryosan Co., Ltd. | 44,150 | 1,285,819 |
Ryoyo Electro Corp. | 45,561 | 1,078,117 |
S Foods, Inc. | 84,331 | 1,943,404 |
Saibu Gas Holdings Co., Ltd. | 36,653 | 512,842 |
Saizeriya Co., Ltd. | 45,114 | 1,419,254 |
Sakai Chemical Industry Co., Ltd. | 69,442 | 937,277 |
Sakai Moving Service Co., Ltd. | 18,162 | 677,403 |
Sakata Seed Corp. | 26,274 | 759,787 |
SAMTY Co., Ltd. | 38,107 | 606,739 |
San-A Co., Ltd. | 49,352 | 1,666,141 |
Sangetsu Corp. | 120,885 | 2,507,626 |
Sanken Electric Co., Ltd. | 23,612 | 1,808,385 |
Sanki Engineering Co., Ltd. | 167,078 | 1,848,835 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Sankyo Co., Ltd. | 40,444 | 1,762,662 |
Sanoh Industrial Co., Ltd. | 129,355 | 815,660 |
Sanyo Chemical Industries Ltd. | 36,936 | 1,050,349 |
Sanyo Denki Co., Ltd. | 17,978 | 879,235 |
Sanyo Special Steel Co., Ltd. | 60,601 | 1,159,696 |
Sapporo Holdings Ltd. | 110,449 | 3,386,642 |
Sato Holdings Corp. | 65,772 | 954,154 |
SBI Shinsei Bank Ltd. | 56,322 | 1,093,286 |
SBS Holdings, Inc. | 27,079 | 569,164 |
SCREEN Holdings Co., Ltd. | 45,975 | 4,689,554 |
Scroll Corp. | 48,561 | 335,559 |
SCSK Corp. | 150,620 | 2,613,361 |
Sega Sammy Holdings, Inc. | 237,995 | 4,754,669 |
Seibu Holdings, Inc. | 312,609 | 3,307,856 |
Seiko Holdings Corp. | 65,988 | 1,219,272 |
Seiren Co., Ltd. | 66,962 | 1,106,183 |
Sekisui House REIT, Inc. | 1,666 | 962,397 |
Sekisui Jushi Corp. | 60,124 | 1,039,889 |
Senko Group Holdings Co., Ltd. | 384,093 | 2,691,039 |
Senshu Ikeda Holdings, Inc. | 430,420 | 783,469 |
Seria Co., Ltd. | 51,800 | 817,642 |
Seven Bank Ltd. | 940,535 | 2,001,427 |
Shibaura Machine Co., Ltd. | 47,491 | 1,376,598 |
Shindengen Electric Manufacturing Co., Ltd. | 29,302 | 624,946 |
Shin-Etsu Polymer Co., Ltd. | 64,312 | 606,521 |
Shinko Electric Industries Co., Ltd. | 48,762 | 2,001,592 |
Shinmaywa Industries Ltd. | 211,383 | 2,050,162 |
Ship Healthcare Holdings, Inc. | 148,418 | 2,524,691 |
Shizuoka Gas Co., Ltd. | 190,796 | 1,342,000 |
SHO-BOND Holdings Co., Ltd. | 26,590 | 1,071,746 |
Shoei Foods Corp. | 28,239 | 881,590 |
Siix Corp. | 130,079 | 1,409,037 |
Sinfonia Technology Co., Ltd. | 70,094 | 759,751 |
SKY Perfect JSAT Holdings, Inc. | 345,580 | 1,573,785 |
Skylark Holdings Co., Ltd. * | 281,063 | 3,933,550 |
Sodick Co., Ltd. | 133,001 | 628,531 |
Sotetsu Holdings, Inc. | 117,273 | 2,293,342 |
Square Enix Holdings Co., Ltd. | 76,123 | 2,891,508 |
Star Micronics Co., Ltd. | 67,266 | 869,558 |
Starts Corp., Inc. | 67,155 | 1,411,507 |
Sugi Holdings Co., Ltd. | 81,000 | 3,638,143 |
Sumida Corp. | 60,359 | 687,401 |
Sumitomo Bakelite Co., Ltd. | 60,441 | 2,861,695 |
Sumitomo Mitsui Construction Co., Ltd. | 858,588 | 2,388,489 |
Sumitomo Osaka Cement Co., Ltd. | 135,204 | 3,721,279 |
Sumitomo Pharma Co., Ltd. | 456,592 | 1,594,787 |
Sumitomo Seika Chemicals Co., Ltd. | 16,294 | 506,442 |
Sun Frontier Fudousan Co., Ltd. | 61,188 | 606,900 |
Suruga Bank Ltd. | 456,275 | 1,902,386 |
SWCC Corp. | 73,020 | 985,571 |
Systena Corp. | 230,332 | 427,171 |
Tachi-S Co., Ltd. | 196,368 | 2,361,784 |
Tadano Ltd. | 256,603 | 2,086,877 |
Taikisha Ltd. | 78,858 | 2,480,816 |
Taisho Pharmaceutical Holdings Co., Ltd. | 76,944 | 3,188,008 |
Taiyo Holdings Co., Ltd. | 41,790 | 754,651 |
Takamatsu Construction Group Co., Ltd. | 71,772 | 1,286,212 |
Takaoka Toko Co., Ltd. | 44,540 | 677,959 |
Takara Holdings, Inc. | 373,736 | 3,228,169 |
Takara Standard Co., Ltd. | 169,954 | 2,265,898 |
Takasago Thermal Engineering Co., Ltd. | 178,345 | 3,590,543 |
Takeuchi Manufacturing Co., Ltd. | 63,305 | 2,017,620 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Takuma Co., Ltd. | 141,577 | 1,569,566 |
Tama Home Co., Ltd. | 11,519 | 280,884 |
Tamura Corp. | 154,033 | 617,888 |
Tanseisha Co., Ltd. | 140,545 | 753,963 |
TBS Holdings, Inc. | 85,408 | 1,511,514 |
TechnoPro Holdings, Inc. | 67,969 | 1,669,520 |
T-Gaia Corp. | 90,919 | 1,093,514 |
The 77 Bank Ltd. | 86,161 | 1,864,252 |
The Awa Bank Ltd. | 54,521 | 848,608 |
The Bank of Kyoto Ltd. | 39,833 | 2,304,314 |
The Chiba Bank Ltd. | 503,855 | 3,604,526 |
The Gunma Bank Ltd. | 629,450 | 2,903,291 |
The Hachijuni Bank Ltd. | 510,345 | 2,752,852 |
The Hyakugo Bank Ltd. | 282,549 | 982,037 |
The Hyakujushi Bank Ltd. | 53,879 | 827,513 |
The Japan Steel Works Ltd. | 101,669 | 2,060,127 |
The Japan Wool Textile Co., Ltd. | 173,573 | 1,493,883 |
The Keiyo Bank Ltd. | 208,153 | 852,143 |
The Kiyo Bank Ltd. | 89,762 | 932,240 |
The Musashino Bank Ltd. | 56,340 | 1,023,203 |
The Nanto Bank Ltd. | 50,809 | 926,941 |
The Nippon Road Co., Ltd. | 6,354 | 420,734 |
The Nisshin Oillio Group Ltd. | 96,354 | 2,766,492 |
The Ogaki Kyoritsu Bank Ltd. | 62,148 | 858,892 |
The Okinawa Electric Power Co., Inc. * | 250,733 | 1,971,970 |
The Pack Corp. | 16,387 | 350,061 |
The San-in Godo Bank Ltd. | 192,532 | 1,214,029 |
The Shiga Bank Ltd. | 48,681 | 1,090,085 |
The Sumitomo Warehouse Co., Ltd. | 102,029 | 1,750,650 |
THK Co., Ltd. | 183,796 | 3,365,101 |
TKC Corp. | 28,424 | 718,483 |
Toa Corp. | 53,575 | 1,326,633 |
Toagosei Co., Ltd. | 312,678 | 2,983,204 |
Tocalo Co., Ltd. | 79,957 | 785,922 |
Toda Corp. | 646,400 | 3,637,707 |
Toei Co., Ltd. | 6,728 | 800,881 |
Toho Co., Ltd. | 82,461 | 3,146,415 |
Toho Zinc Co., Ltd. | 61,409 | 708,217 |
Tokai Carbon Co., Ltd. | 360,117 | 2,849,571 |
TOKAI Holdings Corp. | 321,765 | 2,088,594 |
Tokai Rika Co., Ltd. | 284,492 | 4,457,370 |
Tokai Tokyo Financial Holdings, Inc. | 297,171 | 916,508 |
Token Corp. | 31,515 | 1,660,336 |
Tokushu Tokai Paper Co., Ltd. | 13,819 | 307,542 |
Tokyo Century Corp. | 71,972 | 2,767,945 |
Tokyo Ohka Kogyo Co., Ltd. | 35,751 | 2,421,790 |
Tokyo Seimitsu Co., Ltd. | 55,186 | 3,043,882 |
Tokyo Steel Manufacturing Co., Ltd. | 141,114 | 1,586,727 |
Tokyo Tatemono Co., Ltd. | 289,448 | 3,807,349 |
Tokyu Construction Co., Ltd. | 345,320 | 1,821,656 |
Tokyu REIT, Inc. | 427 | 547,003 |
TOMONY Holdings, Inc. | 118,473 | 336,088 |
Tomy Co., Ltd. | 195,985 | 3,183,738 |
Topcon Corp. | 135,181 | 1,631,439 |
Topre Corp. | 258,463 | 3,083,767 |
Toshiba TEC Corp. | 53,858 | 1,311,444 |
Totetsu Kogyo Co., Ltd. | 86,355 | 1,628,814 |
Towa Pharmaceutical Co., Ltd. | 63,088 | 1,204,689 |
Toyo Construction Co., Ltd. | 190,307 | 1,449,672 |
Toyo Ink SC Holdings Co., Ltd. | 150,263 | 2,341,908 |
Toyo Tire Corp. | 318,045 | 4,798,474 |
Toyobo Co., Ltd. | 467,839 | 3,398,288 |
Toyota Boshoku Corp. | 260,426 | 4,932,683 |
TPR Co., Ltd. | 186,450 | 2,343,672 |
Trancom Co., Ltd. | 20,655 | 1,068,325 |
Transcosmos, Inc. | 61,390 | 1,345,153 |
Trend Micro, Inc. | 75,547 | 3,211,597 |
Trusco Nakayama Corp. | 106,681 | 1,883,964 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
TSI Holdings Co., Ltd. | 378,761 | 1,886,195 |
Tsubaki Nakashima Co., Ltd. | 109,254 | 616,118 |
Tsubakimoto Chain Co. | 125,703 | 3,324,220 |
Tsugami Corp. | 83,281 | 673,868 |
Tsumura & Co. | 100,389 | 1,895,244 |
TV Asahi Holdings Corp. | 83,081 | 946,171 |
UACJ Corp. | 142,984 | 3,078,991 |
Uchida Yoko Co., Ltd. | 27,259 | 1,217,045 |
Ulvac, Inc. | 76,264 | 2,961,821 |
Unipres Corp. | 353,792 | 2,991,503 |
United Arrows Ltd. | 93,436 | 1,386,281 |
United Super Markets Holdings, Inc. (a) | 339,711 | 2,611,097 |
United Urban Investment Corp. | 1,848 | 1,986,551 |
Ushio, Inc. | 168,349 | 2,124,237 |
USS Co., Ltd. | 148,877 | 2,602,037 |
UT Group Co., Ltd. * | 31,148 | 519,258 |
V Technology Co., Ltd. | 38,091 | 625,845 |
Valor Holdings Co., Ltd. | 239,247 | 3,570,998 |
Valqua Ltd. | 30,228 | 901,120 |
VT Holdings Co., Ltd. | 286,385 | 1,007,172 |
Wacoal Holdings Corp. | 121,528 | 2,676,229 |
Wacom Co., Ltd. | 201,485 | 830,381 |
Warabeya Nichiyo Holdings Co., Ltd. | 101,546 | 1,899,999 |
Welcia Holdings Co., Ltd. | 154,787 | 2,846,737 |
Workman Co., Ltd. (a) | 13,101 | 473,340 |
World Co., Ltd. | 85,389 | 949,581 |
Xebio Holdings Co., Ltd. | 147,981 | 1,036,787 |
Yachiyo Industry Co., Ltd. | 41,403 | 393,028 |
YAMABIKO Corp. | 55,501 | 562,311 |
Yamaguchi Financial Group, Inc. | 295,726 | 2,351,223 |
Yamato Kogyo Co., Ltd. | 43,021 | 2,076,805 |
Yamazen Corp. | 329,291 | 2,585,291 |
Yaoko Co., Ltd. | 44,083 | 2,324,891 |
Yellow Hat Ltd. | 93,982 | 1,218,793 |
Yodogawa Steel Works Ltd. | 96,059 | 2,249,965 |
Yokogawa Bridge Holdings Corp. | 82,983 | 1,573,761 |
Yokowo Co., Ltd. | 49,782 | 576,519 |
Yondoshi Holdings, Inc. | 53,020 | 685,762 |
Yoshinoya Holdings Co., Ltd. | 73,794 | 1,441,818 |
Yuasa Trading Co., Ltd. | 80,771 | 2,374,557 |
Zenkoku Hosho Co., Ltd. | 30,951 | 1,072,979 |
Zensho Holdings Co., Ltd. | 81,835 | 3,859,457 |
Zeon Corp. | 330,366 | 3,643,250 |
ZERIA Pharmaceutical Co., Ltd. | 41,521 | 689,046 |
Zojirushi Corp. | 66,881 | 824,614 |
ZOZO, Inc. | 50,065 | 1,000,543 |
1,075,072,718 | ||
Luxembourg 0.0% | ||
Espirito Santo Financial Group S.A. *(b) | 8,470 | 0 |
Netherlands 1.5% | ||
Adyen N.V. * | 1,568 | 1,314,662 |
Allfunds Group plc | 72,340 | 429,473 |
AMG Critical Materials N.V. | 18,430 | 626,694 |
Arcadis N.V. | 73,868 | 3,466,664 |
ASM International N.V. | 11,258 | 5,439,840 |
Basic-Fit N.V. *(a) | 19,341 | 591,128 |
BE Semiconductor Industries N.V. | 33,487 | 3,856,216 |
Corbion N.V. | 58,887 | 1,411,199 |
Eurocommercial Properties N.V. | 51,575 | 1,241,568 |
ForFarmers N.V. | 317,408 | 844,022 |
Fugro N.V. CVA * | 115,748 | 1,956,013 |
Heijmans N.V. CVA | 82,841 | 998,017 |
IMCD N.V. | 22,973 | 3,172,818 |
JDE Peet's N.V. | 65,732 | 1,832,068 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Just Eat Takeaway.com N.V. * | 44,639 | 629,933 |
Koninklijke BAM Groep N.V. | 837,355 | 1,788,564 |
Koninklijke Vopak N.V. | 94,796 | 3,425,102 |
OCI N.V. * | 62,923 | 1,595,335 |
PostNL N.V. | 1,354,626 | 3,165,433 |
Sligro Food Group N.V. | 103,844 | 2,001,677 |
TKH Group N.V. | 59,636 | 2,753,440 |
Van Lanschot Kempen N.V. | 31,805 | 944,109 |
Wereldhave N.V. | 74,520 | 1,299,746 |
44,783,721 | ||
New Zealand 0.8% | ||
Auckland International Airport Ltd. * | 350,423 | 1,629,630 |
Chorus Ltd. | 387,676 | 1,852,505 |
Contact Energy Ltd. | 813,834 | 4,056,081 |
EBOS Group Ltd. | 123,422 | 2,789,007 |
Fisher & Paykel Healthcare Corp., Ltd. | 216,522 | 2,927,956 |
Freightways Group Ltd. | 119,593 | 620,253 |
Infratil Ltd. | 210,955 | 1,267,437 |
Mainfreight Ltd. | 50,570 | 1,974,137 |
Mercury NZ Ltd. | 475,422 | 1,756,574 |
Meridian Energy Ltd. | 951,952 | 3,041,096 |
Ryman Healthcare Ltd. | 204,523 | 808,641 |
The a2 Milk Co., Ltd. * | 440,639 | 1,311,892 |
24,035,209 | ||
Norway 1.4% | ||
Aker A.S.A., A Shares | 16,638 | 1,026,076 |
Aker Solutions A.S.A. | 289,600 | 1,208,260 |
Atea A.S.A. * | 152,514 | 1,892,598 |
Austevoll Seafood A.S.A. | 186,409 | 1,352,003 |
Bakkafrost P/F | 27,036 | 1,366,141 |
Borregaard A.S.A. | 68,400 | 999,268 |
BW Energy Ltd. * | 3,261 | 7,863 |
BW LPG Ltd. | 135,750 | 1,646,282 |
BW Offshore Ltd. | 311,967 | 724,990 |
DNO A.S.A. | 1,205,033 | 1,124,357 |
Elkem A.S.A. | 529,876 | 1,095,902 |
Elmera Group A.S.A. | 438,308 | 908,991 |
Europris A.S.A. | 180,951 | 1,030,881 |
Gjensidige Forsikring A.S.A. | 137,207 | 2,134,760 |
Grieg Seafood A.S.A. | 80,318 | 567,813 |
Kongsberg Automotive A.S.A. * | 3,148,736 | 684,382 |
Kongsberg Gruppen A.S.A. | 33,539 | 1,389,845 |
Leroy Seafood Group A.S.A. | 377,917 | 1,563,944 |
Odfjell Drilling Ltd. * | 225,963 | 766,866 |
PGS A.S.A. * | 2,191,677 | 1,515,629 |
Salmar A.S.A. | 48,633 | 2,377,438 |
Schibsted A.S.A., A Shares | 44,244 | 942,101 |
Schibsted A.S.A., B Shares | 48,780 | 959,352 |
SpareBank 1 Nord Norge | 141,687 | 1,270,729 |
SpareBank 1 SMN | 150,109 | 1,986,937 |
SpareBank 1 SR-Bank A.S.A. | 187,805 | 2,272,273 |
Stolt-Nielsen Ltd. | 20,936 | 521,572 |
Storebrand A.S.A. | 382,896 | 3,074,068 |
TGS A.S.A. | 146,059 | 1,890,763 |
Tomra Systems A.S.A. | 85,174 | 1,170,255 |
Var Energi A.S.A. | 221,237 | 641,842 |
Veidekke A.S.A. | 183,045 | 1,734,575 |
Wallenius Wilhelmsen A.S.A. | 149,893 | 1,216,093 |
43,064,849 | ||
Poland 1.5% | ||
Alior Bank S.A. * | 228,609 | 3,116,349 |
Allegro.eu S.A. * | 118,137 | 946,529 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Asseco Poland S.A. | 140,406 | 2,497,242 |
Bank Millennium S.A. * | 786,102 | 1,158,767 |
Bank Polska Kasa Opieki S.A. | 217,497 | 5,694,371 |
CCC S.A. * | 37,144 | 401,520 |
CD Projekt S.A. | 23,628 | 845,936 |
Cyfrowy Polsat S.A. | 746,875 | 2,457,416 |
Dino Polska S.A. * | 11,516 | 1,058,760 |
Enea S.A. * | 1,629,487 | 3,473,471 |
Grupa Azoty S.A. * | 192,869 | 1,178,390 |
Grupa Kety S.A. | 7,049 | 1,098,079 |
Jastrzebska Spolka Weglowa S.A. * | 166,064 | 1,459,066 |
Kernel Holding S.A. * | 311,368 | 831,070 |
KRUK S.A. * | 10,847 | 1,052,787 |
LPP S.A. | 643 | 2,165,566 |
mBank S.A. * | 13,702 | 1,426,305 |
Orange Polska S.A. | 1,823,124 | 3,164,727 |
Pepco Group N.V. * | 79,930 | 627,609 |
Santander Bank Polska S.A. * | 31,380 | 2,829,435 |
Tauron Polska Energia S.A. * | 6,328,704 | 6,574,021 |
44,057,416 | ||
Portugal 0.3% | ||
CTT-Correios de Portugal S.A. | 208,681 | 766,675 |
EDP Renovaveis S.A. | 65,055 | 1,193,619 |
NOS, SGPS S.A. | 486,754 | 1,834,252 |
REN - Redes Energeticas Nacionais, SGPS, S.A. | 532,555 | 1,456,581 |
Sonae, SGPS, S.A. | 2,658,856 | 2,806,429 |
The Navigator Co., S.A. | 427,181 | 1,564,324 |
9,621,880 | ||
Republic of Korea 7.8% | ||
Aekyung Chemical Co., Ltd. | 31,340 | 374,159 |
AJ Networks Co., Ltd. | 92,546 | 289,874 |
AMOREPACIFIC Group | 91,535 | 2,330,360 |
Asia Paper Manufacturing Co., Ltd. | 10,401 | 297,846 |
Asiana Airlines, Inc. * | 147,787 | 1,241,109 |
BGF retail Co., Ltd. | 11,531 | 1,364,440 |
BH Co., Ltd. | 34,354 | 626,390 |
Celltrion Healthcare Co., Ltd. | 15,176 | 742,869 |
Celltrion, Inc. | 20,328 | 2,213,126 |
Cheil Worldwide, Inc. | 123,103 | 1,755,621 |
Chong Kun Dang Pharmaceutical Corp. | 13,735 | 904,063 |
CJ ENM Co., Ltd. * | 33,240 | 1,463,641 |
CJ Logistics Corp. | 34,775 | 2,075,845 |
Com2uS Corp. | 17,585 | 630,625 |
Cosmax, Inc. * | 4,875 | 566,153 |
Daeduck Electronics Co., Ltd. / New | 27,818 | 608,239 |
Daehan Flour Mill Co., Ltd. | 6,123 | 606,857 |
Daesang Corp. | 93,090 | 1,262,798 |
Daesang Holdings Co., Ltd. | 107,739 | 577,108 |
Daewoo Engineering & Construction Co., Ltd. * | 701,449 | 2,441,207 |
Daou Technology, Inc. | 88,335 | 1,241,067 |
DB HiTek Co., Ltd. | 39,626 | 1,603,927 |
DGB Financial Group, Inc. | 514,461 | 2,919,204 |
DL Holdings Co., Ltd. | 28,118 | 812,641 |
Dongjin Semichem Co., Ltd. | 22,877 | 590,207 |
Dongkuk CM Co., Ltd. * | 93,447 | 576,201 |
Dongkuk Holdings Co., Ltd. | 51,232 | 463,191 |
Dongkuk Steel Mill Co., Ltd. * | 150,767 | 1,131,537 |
Doosan Bobcat, Inc. | 47,274 | 1,924,223 |
Doosan Co., Ltd. | 30,747 | 2,735,651 |
Easy Holdings Co., Ltd. | 264,538 | 599,426 |
Fila Holdings Corp. | 92,950 | 2,665,258 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Gradiant Corp. | 64,556 | 692,570 |
Green Cross Corp. | 6,855 | 600,056 |
Green Cross Holdings Corp. | 53,702 | 568,000 |
GS Global Corp. * | 312,098 | 605,660 |
GS Retail Co., Ltd. | 128,925 | 2,306,848 |
Handsome Co., Ltd. | 49,282 | 707,677 |
Hanmi Pharm Co., Ltd. | 3,204 | 713,885 |
Hanon Systems | 258,726 | 1,783,237 |
Hansae Co., Ltd. | 38,604 | 570,115 |
Hanshin Construction Co., Ltd. | 93,337 | 528,916 |
Hansol Chemical Co., Ltd. | 4,768 | 582,585 |
Hansol Paper Co., Ltd. | 108,762 | 869,767 |
Hanssem Co., Ltd. | 18,161 | 813,415 |
Hanwha Aerospace Co., Ltd. | 34,412 | 2,973,218 |
Hanwha General Insurance Co., Ltd. * | 610,031 | 1,933,822 |
Hanwha Life Insurance Co., Ltd. * | 1,745,987 | 3,322,230 |
Hanwha Ocean Co., Ltd. * | 136,645 | 3,964,695 |
Harim Holdings Co., Ltd. | 229,079 | 1,254,800 |
HD Hyundai Construction Equipment Co. Ltd. | 37,781 | 2,035,186 |
HD Hyundai Heavy Industries Co., Ltd. * | 10,280 | 1,017,306 |
HD Hyundai Infracore Co., Ltd. | 227,006 | 1,808,491 |
HDC Hyundai Development Co-Engineering & Construction, Class E | 316,289 | 2,469,531 |
Hite Jinro Co., Ltd. | 48,822 | 716,955 |
HL Mando Co., Ltd. | 84,519 | 2,679,286 |
Hotel Shilla Co., Ltd. | 31,230 | 2,083,969 |
Hyosung Advanced Materials Corp. | 3,084 | 1,054,638 |
Hyosung Chemical Corp. * | 8,283 | 661,136 |
Hyosung Corp. | 24,611 | 1,180,509 |
Hyosung Heavy Industries Corp. * | 18,349 | 2,783,412 |
Hyosung TNC Corp. | 9,204 | 2,304,917 |
Hyundai Corp. | 61,767 | 930,419 |
Hyundai Department Store Co., Ltd. | 49,353 | 2,591,336 |
Hyundai Elevator Co., Ltd. | 45,576 | 1,551,670 |
Hyundai GF Holdings | 204,333 | 567,355 |
Hyundai Green Food * | 106,159 | 1,010,388 |
Hyundai Mipo Dockyard Co., Ltd. * | 22,829 | 1,571,734 |
Hyundai Rotem Co., Ltd. * | 39,420 | 917,091 |
Hyundai Wia Corp. | 73,018 | 3,182,021 |
Innocean Worldwide, Inc. | 22,175 | 681,985 |
INTOPS Co., Ltd. | 28,382 | 634,529 |
IS Dongseo Co., Ltd. * | 30,672 | 736,778 |
JB Financial Group Co., Ltd. | 339,529 | 2,494,289 |
Kakao Corp. | 53,881 | 1,960,791 |
Kangwon Land, Inc. | 103,992 | 1,220,288 |
KCC Corp. | 9,545 | 1,577,895 |
KCC Glass Corp. | 26,831 | 849,538 |
KEPCO Plant Service & Engineering Co., Ltd. | 43,748 | 1,110,456 |
KG Chemical Corp. | 80,515 | 497,070 |
KISWIRE Ltd. | 53,423 | 887,184 |
KIWOOM Securities Co., Ltd. | 17,346 | 1,355,659 |
Kolmar Korea Co., Ltd. | 20,285 | 887,061 |
Kolon Corp. | 55,483 | 776,153 |
Kolon Industries, Inc. | 77,835 | 2,991,502 |
Korea Aerospace Industries Ltd. | 32,077 | 1,227,990 |
Korea Electric Terminal Co., Ltd. | 19,344 | 778,590 |
Korea Investment Holdings Co., Ltd. | 66,121 | 2,601,318 |
Korea Line Corp. * | 181,480 | 246,596 |
Korea Petrochemical Ind Co., Ltd. | 15,544 | 1,513,533 |
Korean Reinsurance Co. | 335,184 | 2,008,441 |
Krafton, Inc. * | 10,857 | 1,273,187 |
Kukdo Chemical Co., Ltd. | 17,512 | 720,751 |
Kumho Tire Co., Inc. * | 308,373 | 1,153,701 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
KUMHOE&C Co., Ltd. | 143,358 | 578,096 |
Kwang Dong Pharmaceutical Co., Ltd. | 141,387 | 684,605 |
Kyeryong Construction Industrial Co., Ltd. | 21,273 | 240,775 |
LG Energy Solution Ltd. * | 2,886 | 1,187,807 |
LG Hausys Ltd. | 53,151 | 2,058,885 |
Lotte Chilsung Beverage Co., Ltd. | 6,651 | 653,652 |
Lotte Corp. | 56,514 | 1,066,786 |
LOTTE Fine Chemical Co., Ltd. | 41,363 | 1,890,165 |
Lotte Rental Co., Ltd. | 28,226 | 592,602 |
LS Corp. | 67,505 | 5,469,859 |
LS Electric Co., Ltd. | 36,181 | 2,731,881 |
LX International Corp. | 120,813 | 2,774,106 |
LX Semicon Co., Ltd. | 12,083 | 814,523 |
Mcnex Co., Ltd. | 28,736 | 632,659 |
Meritz Financial Group, Inc. * | 210,076 | 8,693,897 |
Mirae Asset Securities Co., Ltd. | 400,965 | 2,020,372 |
NCSoft Corp. | 12,859 | 2,446,785 |
Netmarble Corp. * | 16,344 | 529,858 |
Nexen Tire Corp. | 148,334 | 894,437 |
NH Investment & Securities Co., Ltd. | 239,920 | 1,869,624 |
NHN Corp. * | 40,793 | 802,435 |
NongShim Co., Ltd. | 6,697 | 2,323,113 |
Oci Co., Ltd. * | 10,364 | 1,000,527 |
OCI Holdings Co., Ltd. | 23,209 | 1,617,211 |
Orion Corp. | 23,385 | 2,154,941 |
Orion Holdings Corp. | 69,991 | 805,949 |
Pan Ocean Co., Ltd. | 320,910 | 1,082,851 |
Partron Co., Ltd. | 136,230 | 835,881 |
Poongsan Corp. | 85,207 | 2,275,625 |
POSCO Future M Co., Ltd. | 3,673 | 1,249,112 |
S-1 Corp. | 42,000 | 1,773,104 |
Samchully Co., Ltd. | 7,069 | 585,629 |
Samsung Card Co., Ltd. | 75,226 | 1,704,572 |
Samsung Engineering Co., Ltd. * | 161,523 | 4,154,932 |
Samsung Heavy Industries Co., Ltd. * | 562,044 | 3,746,251 |
Samsung Securities Co., Ltd. | 82,807 | 2,339,959 |
SAMT Co., Ltd. | 312,214 | 630,688 |
Samyang Corp. | 21,070 | 730,097 |
Samyang Holdings Corp. | 28,206 | 1,489,524 |
SD Biosensor, Inc. | 23,640 | 223,746 |
Seah Besteel Holdings Corp. | 70,283 | 1,254,911 |
SeAH Steel Corp. | 2,522 | 265,795 |
SeAH Steel Holdings Corp. | 2,583 | 363,291 |
Sebang Global Battery Co., Ltd. | 25,188 | 1,141,488 |
Seegene, Inc. | 22,043 | 370,232 |
Seohan Co., Ltd. | 784,150 | 602,166 |
Seohee Construction Co., Ltd. | 843,130 | 873,908 |
Seoul Semiconductor Co., Ltd. | 110,442 | 986,813 |
Seoyon E-Hwa Co., Ltd. | 83,280 | 1,002,447 |
SFA Engineering Corp. | 42,301 | 1,064,126 |
Shinsegae, Inc. | 20,809 | 3,195,935 |
SIMMTECH Co., Ltd. | 13,559 | 371,866 |
SK Chemicals Co., Ltd. | 15,645 | 744,521 |
SK Discovery Co., Ltd. | 62,024 | 1,966,185 |
SK Gas Ltd. | 12,178 | 1,159,985 |
SK Networks Co., Ltd. | 1,127,554 | 6,150,682 |
SKC Co., Ltd. | 17,034 | 1,179,203 |
SL Corp. | 32,225 | 872,824 |
SNT Motiv Co., Ltd. | 24,466 | 906,080 |
Songwon Industrial Co., Ltd. | 43,884 | 647,096 |
Soulbrain Co., Ltd. | 2,727 | 469,372 |
SSANGYONG C&E Co., Ltd. | 154,890 | 644,521 |
Sungwoo Hitech Co., Ltd. | 284,823 | 2,178,597 |
TKG Huchems Co., Ltd. | 48,215 | 807,991 |
Unid Co., Ltd. | 6,176 | 271,478 |
WONIK IPS Co., Ltd. | 38,772 | 904,949 |
Young Poong Corp. | 2,110 | 870,021 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Youngone Corp. | 60,127 | 2,442,837 |
Youngone Holdings Co., Ltd. | 10,753 | 609,343 |
Yuhan Corp. | 35,102 | 1,933,365 |
233,338,543 | ||
Singapore 1.3% | ||
CapitaLand Ascendas REIT | 1,342,326 | 2,753,234 |
CapitaLand Ascott Trust | 1,235,143 | 887,145 |
CapitaLand China Trust | 710,998 | 476,455 |
CapitaLand Integrated Commercial Trust | 1,492,928 | 2,111,435 |
CapitaLand Investment Ltd. | 735,949 | 1,765,624 |
City Developments Ltd. | 378,447 | 1,871,918 |
First Resources Ltd. | 626,996 | 719,618 |
Frasers Logistics & Commercial Trust | 769,539 | 683,781 |
Genting Singapore Ltd. | 4,778,296 | 3,095,897 |
Hutchison Port Holdings Trust, Class U | 14,885,842 | 2,471,050 |
Keppel Infrastructure Trust | 3,928,905 | 1,440,065 |
Manulife US Real Estate Investment Trust | 2,470,988 | 168,027 |
Mapletree Industrial Trust | 635,958 | 1,083,083 |
Mapletree Logistics Trust | 949,824 | 1,181,566 |
Mapletree Pan Asia Commercial Trust | 740,796 | 833,773 |
NetLink NBN Trust | 1,469,778 | 941,398 |
Olam Group Ltd. | 2,328,089 | 2,154,840 |
SATS Ltd. * | 636,541 | 1,220,764 |
Seatrium Ltd. * | 20,700,495 | 2,222,563 |
Sembcorp Industries Ltd. | 811,938 | 3,216,489 |
Singapore Exchange Ltd. | 365,028 | 2,602,902 |
Singapore Technologies Engineering Ltd. | 1,269,496 | 3,581,473 |
Suntec Real Estate Investment Trust | 915,465 | 820,224 |
UOL Group Ltd. | 435,142 | 2,139,462 |
40,442,786 | ||
Spain 1.3% | ||
Abengoa S.A., B Shares *(b) | 192,522,094 | 0 |
Almirall S.A. | 72,291 | 734,788 |
Applus Services S.A. | 258,400 | 2,658,708 |
Atresmedia Corp de Medios de Comunicaion S.A. | 198,148 | 787,979 |
Bankinter S.A. | 519,147 | 3,333,406 |
Cellnex Telecom S.A. * | 74,830 | 2,866,950 |
Cia de Distribucion Integral Logista Holdings S.A. | 66,975 | 1,817,283 |
Cie Automotive S.A. | 57,233 | 1,744,268 |
Construcciones y Auxiliar de Ferrocarriles S.A. | 30,668 | 1,101,750 |
Corp. ACCIONA Energias Renovables S.A. | 10,227 | 304,581 |
Ebro Foods S.A. | 148,610 | 2,687,155 |
Ence Energia y Celulosa S.A. (a) | 199,734 | 636,903 |
Faes Farma S.A. | 265,525 | 930,846 |
Fluidra S.A. | 75,870 | 1,709,492 |
Gestamp Automocion S.A. | 489,516 | 2,192,128 |
Indra Sistemas S.A. | 141,690 | 2,006,871 |
Inmobiliaria Colonial Socimi S.A. | 177,305 | 1,079,577 |
Linea Directa Aseguradora S.A. Cia de Seguros y Reaseguros | 930,491 | 944,264 |
Melia Hotels International S.A. * | 145,618 | 953,810 |
Merlin Properties Socimi S.A. | 273,988 | 2,459,273 |
Obrascon Huarte Lain S.A. *(a) | 1,496,694 | 759,911 |
Prosegur Cia de Seguridad S.A. | 963,861 | 1,684,263 |
Sacyr S.A. | 719,796 | 2,295,255 |
Unicaja Banco S.A. | 932,803 | 1,032,666 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Vidrala SA | 6,816 | 642,124 |
Viscofan S.A. | 35,619 | 2,319,544 |
39,683,795 | ||
Sweden 3.2% | ||
AAK AB | 146,844 | 2,725,020 |
AddLife AB, B Shares | 25,619 | 177,112 |
AddTech AB, B Shares | 61,441 | 1,040,298 |
AFRY AB | 136,790 | 1,801,397 |
Ambea AB | 176,959 | 606,030 |
Arjo AB, B Shares | 280,640 | 1,106,167 |
Attendo AB * | 328,970 | 932,841 |
Avanza Bank Holding AB | 14,743 | 285,438 |
Axfood AB | 95,756 | 2,314,780 |
Beijer Alma AB | 37,827 | 593,492 |
Beijer Ref AB | 75,869 | 871,635 |
Betsson AB, B Shares * | 185,493 | 2,077,541 |
Bilia AB, A Shares | 171,799 | 1,644,265 |
Billerud Aktiebolag | 325,530 | 2,663,722 |
Bonava AB, B Shares | 667,344 | 1,092,748 |
Bravida Holding AB | 213,592 | 1,521,491 |
Byggmax Group AB * | 214,218 | 629,552 |
Castellum AB | 218,545 | 2,335,160 |
Clas Ohlson AB, B Shares | 107,908 | 991,383 |
Cloetta AB, B Shares | 464,001 | 782,665 |
Coor Service Management Holding AB | 167,557 | 714,610 |
Dometic Group AB | 469,626 | 3,015,927 |
Dustin Group AB * | 196,913 | 409,655 |
Electrolux Professional AB, B Shares | 155,717 | 838,320 |
Elekta AB, B Shares (a) | 351,723 | 2,517,653 |
EQT AB | 45,794 | 923,416 |
Evolution AB | 15,430 | 1,671,528 |
Fabege AB | 133,515 | 1,144,703 |
Fastighets AB Balder, B Shares * | 239,424 | 1,147,934 |
Getinge AB, B Shares | 174,065 | 3,025,897 |
Granges AB | 200,372 | 1,912,243 |
Hexpol AB | 247,704 | 2,443,130 |
Holmen AB, B Shares | 82,518 | 3,131,191 |
Indutrade AB | 108,729 | 2,092,184 |
Instalco AB | 62,815 | 213,975 |
Intrum AB (a) | 204,755 | 1,294,363 |
Investment AB Latour, B Shares | 38,142 | 694,748 |
Inwido AB | 92,387 | 966,065 |
JM AB | 167,511 | 2,209,024 |
Kinnevik AB, B Shares * | 238,132 | 2,804,329 |
L E Lundbergfortagen AB, B Shares | 49,829 | 2,028,673 |
Lagercrantz Group AB, B Shares | 26,803 | 281,250 |
Lifco AB, B Shares | 66,939 | 1,227,532 |
Lindab International AB | 93,845 | 1,379,834 |
Loomis AB | 112,975 | 3,000,313 |
MEKO AB | 80,971 | 727,636 |
Mycronic AB | 45,295 | 929,073 |
NCC AB, B Shares | 288,373 | 2,968,031 |
New Wave Group AB, B Shares | 79,885 | 569,925 |
Nibe Industrier AB, B Shares | 269,612 | 2,023,463 |
Nobia AB * | 804,094 | 676,694 |
Nolato AB, B Shares | 185,666 | 795,912 |
Pandox AB | 66,117 | 735,445 |
Peab AB, B Shares | 646,803 | 2,630,947 |
Ratos AB, B Shares | 468,878 | 1,451,608 |
Resurs Holding AB | 441,236 | 967,101 |
Saab AB, B Shares | 72,111 | 3,810,393 |
Sagax AB, B Shares | 13,074 | 272,348 |
Samhallsbyggnadsbolaget i Norden AB (a) | 764,579 | 245,610 |
Samhallsbyggnadsbolaget i Norden AB, D Shares (a) | 23,394 | 7,405 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Scandi Standard AB | 175,728 | 834,515 |
Scandic Hotels Group AB *(a) | 230,388 | 747,979 |
Sinch AB * | 132,131 | 277,840 |
Storskogen Group AB, B Shares | 706,709 | 534,393 |
Sweco AB, B Shares | 162,649 | 1,586,399 |
Swedish Orphan Biovitrum AB * | 77,074 | 1,489,407 |
Tethys Oil AB * | 135,477 | 665,637 |
Thule Group AB | 88,666 | 2,569,313 |
Viaplay Group AB, B Shares *(a) | 62,774 | 294,955 |
Wihlborgs Fastigheter AB | 147,995 | 1,138,693 |
96,231,956 | ||
Switzerland 2.9% | ||
Accelleron Industries AG | 50,333 | 1,361,969 |
Allreal Holding AG | 12,156 | 2,124,978 |
ALSO Holding AG | 7,266 | 1,768,684 |
ams-OSRAM AG *(a) | 404,835 | 2,844,502 |
Arbonia AG | 83,329 | 882,113 |
Aryzta AG * | 1,200,511 | 1,999,379 |
Autoneum Holding AG * | 7,840 | 1,169,898 |
Banque Cantonale Vaudoise | 14,946 | 1,621,089 |
Belimo Holding AG | 3,250 | 1,713,954 |
BKW AG | 12,141 | 2,089,365 |
Bucher Industries AG | 7,036 | 2,891,670 |
Burckhardt Compression Holding AG | 1,285 | 757,979 |
Bystronic AG | 2,546 | 1,717,991 |
Cembra Money Bank AG | 24,284 | 1,773,357 |
Clariant AG * | 244,426 | 4,079,071 |
Comet Holding AG | 2,824 | 726,423 |
Daetwyler Holding AG | 4,269 | 890,291 |
dormakaba Holding AG | 4,234 | 2,221,861 |
Dufry AG * | 125,593 | 5,596,762 |
Emmi AG | 1,814 | 1,955,197 |
EMS-Chemie Holding AG | 3,496 | 2,630,164 |
Flughafen Zuerich AG | 11,835 | 2,440,027 |
Forbo Holding AG | 1,102 | 1,489,712 |
Huber & Suhner AG | 16,890 | 1,304,158 |
Implenia AG | 23,988 | 855,502 |
Inficon Holding AG | 970 | 1,238,789 |
Interroll Holding AG | 293 | 874,107 |
Kardex Holding AG | 3,249 | 748,567 |
Komax Holding AG | 2,393 | 600,113 |
Landis & Gyr Group AG | 25,607 | 1,898,962 |
Mobimo Holding AG | 4,687 | 1,371,740 |
OC Oerlikon Corp. AG | 367,063 | 1,804,458 |
PSP Swiss Property AG | 14,826 | 1,802,788 |
Schweiter Technologies AG | 1,715 | 1,236,858 |
SFS Group AG | 16,610 | 1,906,883 |
Siegfried Holding AG | 1,396 | 1,263,631 |
SIG Group AG * | 163,649 | 4,313,330 |
Softwareone Holding AG | 114,701 | 2,294,669 |
St. Galler Kantonalbank AG | 1,490 | 833,354 |
Stadler Rail AG | 40,705 | 1,656,312 |
Straumann Holding AG | 16,836 | 2,554,230 |
Sulzer AG | 17,625 | 1,795,924 |
Tecan Group AG | 3,419 | 1,366,439 |
Temenos AG | 28,088 | 2,234,320 |
u-blox Holding AG | 5,068 | 452,720 |
Valiant Holding AG | 11,770 | 1,264,617 |
VAT Group AG | 6,856 | 2,750,938 |
Vontobel Holding AG | 21,262 | 1,319,171 |
Zehnder Group AG | 13,049 | 864,270 |
87,353,286 | ||
SECURITY | NUMBER OF SHARES | VALUE ($) |
United Kingdom 9.8% | ||
4imprint Group plc | 15,539 | 1,004,202 |
888 Holdings plc * | 668,453 | 1,080,810 |
AG Barr plc | 47,126 | 291,114 |
Airtel Africa plc | 1,203,240 | 1,738,141 |
Ashmore Group plc | 483,039 | 1,187,440 |
ASOS plc *(a) | 149,073 | 828,128 |
Assura plc | 971,398 | 564,740 |
Auto Trader Group plc | 246,502 | 1,894,120 |
Babcock International Group plc * | 364,758 | 1,785,952 |
Bank of Georgia Group plc | 28,313 | 1,250,306 |
Beazley plc | 290,447 | 2,009,497 |
Big Yellow Group plc | 55,361 | 754,119 |
Bodycote plc | 300,728 | 2,530,287 |
Britvic plc | 250,246 | 2,787,300 |
C&C Group plc | 655,384 | 1,134,421 |
Capita plc * | 3,170,355 | 724,723 |
Card Factory plc * | 1,421,336 | 1,847,872 |
Carnival plc * | 261,649 | 3,724,946 |
Centamin plc | 2,644,704 | 2,940,708 |
Chemring Group plc | 262,715 | 968,736 |
Clarkson plc | 17,481 | 600,293 |
Close Brothers Group plc | 210,279 | 2,187,595 |
Coats Group plc | 1,919,329 | 1,865,403 |
Computacenter plc | 92,850 | 2,564,875 |
ConvaTec Group plc | 1,050,339 | 3,093,096 |
Cranswick plc | 88,880 | 3,795,436 |
Crest Nicholson Holdings plc | 774,789 | 1,772,101 |
Dechra Pharmaceuticals plc | 26,636 | 1,284,593 |
Deliveroo plc * | 313,695 | 449,571 |
Derwent London plc | 53,760 | 1,265,706 |
DFS Furniture plc | 278,896 | 388,743 |
Diploma plc | 42,626 | 1,692,783 |
DiscoverIE Group plc | 67,410 | 623,555 |
Diversified Energy Co., plc | 510,655 | 592,398 |
Domino's Pizza Group plc | 257,183 | 1,287,263 |
Dr. Martens plc | 474,553 | 945,290 |
Drax Group plc | 529,657 | 3,704,773 |
Dunelm Group plc | 107,795 | 1,589,935 |
easyJet plc * | 613,972 | 3,292,471 |
Elementis plc * | 912,924 | 1,321,078 |
Endeavour Mining plc | 78,378 | 1,601,977 |
EnQuest plc * | 5,645,355 | 1,214,666 |
Essentra plc | 700,492 | 1,310,139 |
FDM Group Holdings plc | 83,496 | 609,419 |
Ferrexpo plc * | 1,794,557 | 1,758,917 |
Forterra plc | 353,825 | 749,640 |
Frasers Group plc * | 141,937 | 1,450,534 |
Fresnillo plc | 211,109 | 1,539,233 |
Future plc | 22,968 | 225,992 |
Games Workshop Group plc | 14,851 | 2,036,155 |
Genuit Group plc | 281,508 | 1,137,913 |
Genus plc | 31,027 | 915,273 |
Grafton Group plc | 400,926 | 4,381,785 |
Grainger plc | 361,764 | 1,082,762 |
Great Portland Estates plc | 132,878 | 707,517 |
Greencore Group plc * | 1,584,869 | 1,691,964 |
Greggs plc | 74,686 | 2,333,781 |
Gulf Keystone Petroleum Ltd. | 162,903 | 193,211 |
Halfords Group plc | 798,542 | 1,850,714 |
Halma plc | 140,378 | 3,813,745 |
Hammerson plc | 3,854,791 | 1,173,280 |
Harbour Energy plc | 644,504 | 2,041,707 |
Hargreaves Lansdown plc | 234,652 | 2,263,345 |
Hikma Pharmaceuticals plc | 208,442 | 5,781,743 |
Hill & Smith plc | 88,517 | 2,009,983 |
Hilton Food Group plc | 133,127 | 1,136,983 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Hiscox Ltd. | 162,250 | 2,050,810 |
Hochschild Mining plc | 1,344,776 | 1,557,485 |
Howden Joinery Group plc | 484,958 | 4,546,176 |
Hunting plc | 190,908 | 593,886 |
Ibstock plc | 563,745 | 1,063,666 |
IG Group Holdings plc | 393,847 | 3,376,161 |
Indivior plc * | 43,574 | 1,004,909 |
InterContinental Hotels Group plc | 67,863 | 5,119,996 |
Intermediate Capital Group plc | 176,752 | 3,029,210 |
International Consolidated Airlines Group S.A. * | 2,339,484 | 4,802,450 |
Investec plc | 515,941 | 3,055,087 |
IWG plc * | 1,659,867 | 3,769,112 |
J.D. Sports Fashion plc | 1,820,016 | 3,349,802 |
J.D. Wetherspoon plc * | 164,363 | 1,505,810 |
Jupiter Fund Management plc | 1,466,226 | 1,848,638 |
Just Group plc | 2,722,626 | 2,601,280 |
Keller Group plc | 131,730 | 1,283,627 |
Kier Group plc * | 1,940,830 | 2,087,964 |
Lancashire Holdings Ltd. | 141,293 | 1,025,000 |
LondonMetric Property plc | 271,928 | 624,367 |
Marshalls plc | 271,535 | 946,207 |
Marston's plc * | 2,271,719 | 919,715 |
Mitchells & Butlers plc * | 712,255 | 1,990,989 |
Mitie Group plc | 1,448,862 | 1,784,519 |
Mobico Group plc | 1,774,096 | 1,881,613 |
Molten Ventures plc * | 98,233 | 302,974 |
Moneysupermarket.com Group plc | 593,505 | 1,868,116 |
Morgan Advanced Materials plc | 428,001 | 1,426,357 |
Morgan Sindall Group plc | 105,179 | 2,630,898 |
NCC Group plc | 197,089 | 248,992 |
Ninety One plc | 140,164 | 304,244 |
Ocado Group plc * | 202,787 | 2,239,676 |
OSB Group plc | 283,694 | 1,227,274 |
Oxford Instruments plc | 26,594 | 746,423 |
Pagegroup plc | 503,190 | 2,670,339 |
Paragon Banking Group plc | 221,023 | 1,474,564 |
Pennon Group plc | 389,176 | 3,180,779 |
Petrofac Ltd. *(a) | 1,541,380 | 1,411,157 |
Pets at Home Group plc | 574,993 | 2,751,201 |
Playtech plc * | 410,956 | 2,733,899 |
Plus500 Ltd. | 149,238 | 2,700,445 |
Premier Foods plc | 950,769 | 1,484,272 |
Primary Health Properties plc | 475,984 | 567,256 |
QinetiQ Group plc | 550,743 | 2,326,711 |
Quilter plc | 1,356,740 | 1,471,628 |
Rathbone Brothers plc | 37,939 | 847,070 |
Reach plc | 953,055 | 886,425 |
Redde Northgate plc | 586,605 | 2,386,045 |
Redrow plc | 577,713 | 3,480,159 |
Renewi plc * | 101,205 | 616,843 |
Renishaw plc | 18,955 | 873,804 |
Rhi Magnesita N.V. | 65,740 | 2,359,124 |
Rightmove plc | 216,604 | 1,537,030 |
Rolls-Royce Holdings plc * | 2,809,217 | 7,913,207 |
Rotork plc | 696,469 | 2,656,416 |
RS Group plc | 322,331 | 3,104,972 |
Sabre Insurance Group plc | 617,803 | 1,200,890 |
Safestore Holdings plc | 74,166 | 812,452 |
Saga plc *(a) | 839,141 | 1,558,823 |
Savills plc | 192,066 | 2,215,941 |
Schroders plc | 648,609 | 3,384,520 |
Segro plc | 266,609 | 2,491,183 |
Serco Group plc | 1,557,259 | 3,017,144 |
Sirius Real Estate Ltd. | 672,086 | 741,773 |
Softcat plc | 59,531 | 1,134,537 |
Speedy Hire plc | 1,842,013 | 816,937 |
Spirax-Sarco Engineering plc | 26,307 | 3,378,492 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Spire Healthcare Group plc | 348,579 | 960,701 |
Spirent Communications plc | 410,813 | 816,761 |
SSP Group plc * | 819,024 | 2,438,890 |
SThree plc | 293,541 | 1,326,038 |
Synthomer plc * | 1,145,361 | 928,860 |
TBC Bank Group plc | 39,277 | 1,415,951 |
Telecom Plus plc | 52,161 | 1,050,923 |
The British Land Co., plc | 726,165 | 2,977,636 |
The Restaurant Group plc * | 1,756,838 | 946,125 |
The Unite Group plc | 69,287 | 825,730 |
The Weir Group plc | 197,941 | 4,601,307 |
THG plc * | 1,128,514 | 1,408,546 |
TI Fluid Systems plc | 1,408,218 | 2,259,079 |
TP ICAP Group plc | 1,303,960 | 2,729,619 |
Tritax Big Box REIT plc | 524,540 | 938,515 |
TT Electronics plc | 350,839 | 760,207 |
TUI AG * | 550,204 | 3,279,585 |
Tullow Oil plc * | 1,358,609 | 602,546 |
Tyman plc | 454,005 | 1,699,988 |
Vanquis Banking Group plc | 665,097 | 873,117 |
Vesuvius plc | 527,645 | 2,947,211 |
Victrex plc | 88,530 | 1,684,954 |
VIDENDUM plc | 33,612 | 221,049 |
Virgin Money UK plc | 741,040 | 1,528,236 |
Vistry Group plc | 464,316 | 4,603,899 |
Watches of Switzerland Group plc * | 98,579 | 727,626 |
WH Smith plc | 76,925 | 1,429,965 |
Wickes Group plc | 768,542 | 1,367,296 |
Workspace Group plc | 119,362 | 759,272 |
XP Power Ltd. | 10,125 | 276,484 |
295,762,485 | ||
Total Common Stocks (Cost $2,859,927,661) | 2,993,287,985 | |
PREFERRED STOCKS 0.2% OF NET ASSETS | ||
Germany 0.2% | ||
Draegerwerk AG & Co. KGaA | 42,294 | 2,047,308 |
Sartorius AG | 2,841 | 1,163,705 |
Sixt SE | 18,876 | 1,227,175 |
4,438,188 | ||
Italy 0.0% | ||
Danieli & C Officine Meccaniche S.p.A. - RSP | 54,223 | 1,026,360 |
Total Preferred Stocks (Cost $5,109,173) | 5,464,548 | |
RIGHTS 0.0% OF NET ASSETS | ||
Sweden 0.0% | ||
Swedish Orphan Biovitrum AB | ||
expires 09/14/23, strike SEK 142.00 * | 76,730 | 69,303 |
Total Rights (Cost $0) | 69,303 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
WARRANTS 0.0% OF NET ASSETS | ||
Italy 0.0% | ||
Webuild S.p.A. | ||
expires 08/02/30 *(a)(b) | 9,734 | 19,925 |
Total Warrants (Cost $0) | 19,925 |
SHORT-TERM INVESTMENTS 1.5% OF NET ASSETS | ||
Money Market Funds 1.5% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (c) | 997,370 | 997,370 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (c)(d) | 42,981,219 | 42,981,219 |
43,978,589 | ||
Total Short-Term Investments (Cost $43,978,589) | 43,978,589 | |
Total Investments in Securities (Cost $2,909,015,423) | 3,042,820,350 |
NUMBER OF CONTRACTS | NOTIONAL AMOUNT ($) | CURRENT VALUE/ UNREALIZED DEPRECIATION ($) | |
FUTURES CONTRACTS | |||
Long | |||
MSCI EAFE Index, expires 09/15/23 | 142 | 14,976,030 | (234,786 ) |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $40,726,851. |
(b) | Fair valued using significant unobservable inputs (see financial note 2(a), Securities for which no quoted value is available, for additional information). |
(c) | The rate shown is the annualized 7-day yield. |
(d) | Security purchased with cash collateral received for securities on loan. |
CVA — | Dutch Certificate |
REIT — | Real Estate Investment Trust |
RSP — | Risparmio (Savings Shares) |
SEK — | Swedish Krona |
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 Stocks1 | $2,718,109,663 | $— | $— | $2,718,109,663 |
Australia | 149,063,710 | — | 5,749,377 | 154,813,087 |
Hong Kong | 80,681,440 | — | 0 * | 80,681,440 |
Luxembourg | — | — | 0 * | 0 |
Spain | 39,683,795 | — | 0 * | 39,683,795 |
Preferred Stocks1 | 5,464,548 | — | — | 5,464,548 |
Rights1 | 69,303 | — | — | 69,303 |
Warrants1 | ||||
Italy | — | — | 19,925 | 19,925 |
Short-Term Investments1 | 43,978,589 | — | — | 43,978,589 |
Liabilities | ||||
Futures Contracts2 | (234,786 ) | — | — | (234,786 ) |
Total | $3,036,816,262 | $— | $5,769,302 | $3,042,585,564 |
* | Level 3 amount shown includes securities determined to have no value at August 31, 2023. |
1 | As categorized in the Portfolio Holdings. |
2 | Futures contracts are reported at cumulative unrealized appreciation or depreciation. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $2,909,015,423) including securities on loan of $40,726,851 | $3,042,820,350 | |
Foreign currency, at value (cost $1,878,354) | 1,876,387 | |
Deposit with broker for futures contracts | 874,143 | |
Receivables: | ||
Fund shares sold | 13,451,439 | |
Dividends | 8,006,888 | |
Foreign tax reclaims | 2,075,298 | |
Income from securities on loan | + | 172,380 |
Total assets | 3,069,276,885 | |
Liabilities | ||
Collateral held for securities on loan | 42,981,219 | |
Payables: | ||
Investments bought | 12,083,667 | |
Management fees | 982,784 | |
Variation margin on futures contracts | + | 64,262 |
Total liabilities | 56,111,932 | |
Net assets | $3,013,164,953 | |
Net Assets by Source | ||
Capital received from investors | $3,112,153,606 | |
Total distributable loss | + | (98,988,653 ) |
Net assets | $3,013,164,953 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$3,013,164,953 | 89,600,000 | $33.63 | ||
For the period March 1, 2023 through August 31, 2023; unaudited | ||
Investment Income | ||
Dividends received from securities - unaffiliated (net of foreign withholding tax of $7,219,865) | $54,577,331 | |
Securities on loan, net | + | 1,199,364 |
Total investment income | 55,776,695 | |
Expenses | ||
Management fees | 5,719,730 | |
Professional fees | + | 921 1 |
Total expenses | 5,720,651 | |
Expense reduction | – | 921 1 |
Net expenses | – | 5,719,730 |
Net investment income | 50,056,965 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (57,504,500 ) | |
Net realized gains on sales of in-kind redemptions - unaffiliated | 36,025,559 | |
Net realized gains on futures contracts | 684,227 | |
Net realized losses on foreign currency transactions | + | (1,177,450 ) |
Net realized losses | (21,972,164 ) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | 71,847,402 | |
Net change in unrealized appreciation (depreciation) on futures contracts | (43,952 ) | |
Net change in unrealized appreciation (depreciation) on foreign currency translations | + | 460,248 |
Net change in unrealized appreciation (depreciation) | + | 72,263,698 |
Net realized and unrealized gains | 50,291,534 | |
Increase in net assets resulting from operations | $100,348,499 |
1 | Professional fees associated with the filing of tax claims in the European Union deemed to be non-contingent and non-routine expenses of the fund (see financial notes 2(d) and 4 for additional information). |
OPERATIONS | |||
3/1/23-8/31/23 | 3/1/22-2/28/23 | ||
Net investment income | $50,056,965 | $65,034,540 | |
Net realized losses | (21,972,164 ) | (36,950,204 ) | |
Net change in unrealized appreciation (depreciation) | + | 72,263,698 | (191,361,265 ) |
Increase (decrease) in net assets resulting from operations | $100,348,499 | ($163,276,929 ) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($20,678,840 ) | ($51,473,080 ) |
TRANSACTIONS IN FUND SHARES | |||||
3/1/23-8/31/23 | 3/1/22-2/28/23 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 5,200,000 | $170,740,053 | 14,100,000 | $443,207,943 | |
Shares redeemed | + | (2,700,000 ) | (86,913,462 ) | (1,900,000 ) | (64,742,920 ) |
Net transactions in fund shares | 2,500,000 | $83,826,591 | 12,200,000 | $378,465,023 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
3/1/23-8/31/23 | 3/1/22-2/28/23 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 87,100,000 | $2,849,668,703 | 74,900,000 | $2,685,953,689 | |
Total increase | + | 2,500,000 | 163,496,250 | 12,200,000 | 163,715,014 |
End of period | 89,600,000 | $3,013,164,953 | 87,100,000 | $2,849,668,703 |
3/1/23– 8/31/23* | 3/1/22– 2/28/23 | 3/1/21– 2/28/22 | 3/1/20– 2/28/21 | 3/1/19– 2/29/20 | 3/1/18– 2/28/19 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $25.28 | $29.25 | $29.64 | $25.54 | $28.08 | $31.22 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.93 | 1.55 | 1.36 | 0.79 | 1.02 | 0.85 |
Net realized and unrealized gains (losses) | 0.58 | (4.14 ) | (0.41 ) | 4.02 | (2.53 ) | (3.20 ) |
Total from investment operations | 1.51 | (2.59 ) | 0.95 | 4.81 | (1.51 ) | (2.35 ) |
Less distributions: | ||||||
Distributions from net investment income | (0.27 ) | (1.39 ) | (1.34 ) | (0.71 ) | (1.03 ) | (0.79 ) |
Other capital1,2 | — | 0.01 | — | — | — | — |
Net asset value at end of period | $26.52 | $25.28 | $29.25 | $29.64 | $25.54 | $28.08 |
Total return | 5.95 %3 | (8.72 %) | 2.97 % | 19.12 % | (5.74 %) | (7.36 %) |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.39 %4 | 0.39 %5 | 0.39 % | 0.39 % | 0.39 % | 0.39 % |
Net investment income (loss) | 7.00 %4 | 5.97 % | 4.29 % | 3.11 % | 3.61 % | 2.99 % |
Portfolio turnover rate6 | 9 %3 | 28 % | 20 % | 25 % | 32 % | 33 % |
Net assets, end of period (x 1,000,000) | $4,944 | $4,529 | $4,826 | $3,806 | $2,574 | $2,342 |
* | Unaudited. |
1 | Calculated based on the average shares outstanding during the period. |
2 | Includes additional variable charges paid by the cash purchasers and redeemers of creation units to the fund to offset the transaction costs of the fund of buying or selling portfolio securities (see financial note 10 for additional information). |
3 | Not annualized. |
4 | Annualized. |
5 | Ratio includes less than 0.005% of non-routine proxy expenses. |
6 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY | NUMBER OF SHARES | VALUE ($) |
COMMON STOCKS 94.6% OF NET ASSETS | ||
Brazil 7.2% | ||
Ambev S.A. | 5,383,437 | 15,048,984 |
B3 S.A. - Brasil Bolsa Balcao | 3,485,856 | 9,103,731 |
Banco Bradesco S.A. | 3,154,576 | 8,436,075 |
Banco do Brasil S.A. | 2,480,003 | 23,593,076 |
Banco Santander Brasil S.A. | 766,606 | 4,197,717 |
BRF S.A. * | 3,334,056 | 6,087,694 |
Centrais Eletricas Brasileiras S.A. | 1,404,616 | 10,003,486 |
Cia de Saneamento Basico do Estado de Sao Paulo SABESP | 609,233 | 7,127,274 |
Cia Energetica de Minas Gerais | 267,323 | 1,063,148 |
Companhia Siderurgica Nacional S.A. | 1,946,127 | 4,760,217 |
Equatorial Energia S.A. | 1,082,065 | 6,919,516 |
Itau Unibanco Holding S.A. | 774,216 | 3,645,154 |
JBS S.A. | 5,987,347 | 22,251,727 |
Natura & Co. Holding S.A. * | 1,768,359 | 5,421,927 |
Petroleo Brasileiro S.A. | 10,826,084 | 75,527,513 |
Suzano S.A. | 725,907 | 7,352,980 |
Telefonica Brasil S.A. | 1,300,542 | 10,862,039 |
Ultrapar Participacoes S.A. | 4,539,169 | 16,649,594 |
Vale S.A. | 7,119,660 | 93,587,589 |
Vibra Energia S.A. | 6,910,472 | 25,766,229 |
357,405,670 | ||
Chile 0.7% | ||
Banco de Chile | 53,008,048 | 5,754,682 |
Cencosud S.A. | 5,536,533 | 11,794,984 |
Empresas CMPC S.A. | 3,245,089 | 5,864,002 |
Empresas Copec S.A. | 1,468,036 | 10,552,928 |
33,966,596 | ||
China 32.8% | ||
Agile Group Holdings Ltd. *(a) | 24,577,460 | 2,789,421 |
Agricultural Bank of China Ltd., A Shares | 21,227,700 | 10,091,068 |
Agricultural Bank of China Ltd., H Shares | 81,546,208 | 27,973,258 |
Alibaba Group Holding Ltd. * | 9,395,524 | 108,072,339 |
Aluminum Corp. of China Ltd., A Shares | 2,230,000 | 1,813,780 |
Aluminum Corp. of China Ltd., H Shares | 10,292,738 | 4,974,588 |
Anhui Conch Cement Co., Ltd., A Shares | 890,900 | 3,143,273 |
Anhui Conch Cement Co., Ltd., H Shares | 3,974,010 | 11,047,715 |
ANTA Sports Products Ltd. | 432,890 | 4,877,206 |
BAIC Motor Corp., Ltd., H Shares | 34,061,885 | 9,425,739 |
Baidu, Inc., A Shares * | 1,739,690 | 30,925,850 |
Bank of China Ltd., A Shares | 11,315,500 | 5,829,927 |
Bank of China Ltd., H Shares | 206,902,294 | 70,183,327 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Bank of Communications Co., Ltd., A Shares | 7,774,000 | 5,927,829 |
Bank of Communications Co., Ltd., H Shares | 21,699,252 | 12,424,477 |
Baoshan Iron & Steel Co., Ltd., A Shares | 5,847,100 | 4,868,232 |
Beijing Enterprises Holdings Ltd. | 1,598,201 | 5,991,916 |
BYD Co., Ltd., A Shares | 29,400 | 1,007,400 |
BYD Co., Ltd., H Shares | 195,015 | 6,112,754 |
China Cinda Asset Management Co., Ltd., H Shares | 44,601,758 | 4,379,552 |
China CITIC Bank Corp., Ltd., A Shares | 2,365,500 | 1,774,491 |
China CITIC Bank Corp., Ltd., H Shares | 31,728,421 | 14,120,852 |
China Communications Services Corp., Ltd., H Shares | 14,523,574 | 6,537,854 |
China Construction Bank Corp., A Shares | 1,957,700 | 1,613,822 |
China Construction Bank Corp., H Shares | 281,246,149 | 150,633,956 |
China Everbright Bank Co., Ltd., A Shares | 11,057,600 | 4,572,835 |
China Everbright Bank Co., Ltd., H Shares | 10,684,813 | 3,079,374 |
China Everbright Environment Group Ltd. | 13,368,694 | 4,875,757 |
China Gas Holdings Ltd. | 6,482,776 | 6,613,601 |
China Hongqiao Group Ltd. | 7,301,834 | 7,281,582 |
China Jinmao Holdings Group Ltd. (a) | 29,879,810 | 4,229,488 |
China Life Insurance Co., Ltd., H Shares | 5,108,927 | 7,752,891 |
China Mengniu Dairy Co., Ltd. | 2,353,634 | 7,923,734 |
China Merchants Bank Co., Ltd., A Shares | 1,884,700 | 8,169,580 |
China Merchants Bank Co., Ltd., H Shares | 5,227,792 | 20,666,503 |
China Minsheng Banking Corp., Ltd., A Shares | 11,893,300 | 6,176,640 |
China Minsheng Banking Corp., Ltd., H Shares | 30,907,992 | 9,932,495 |
China National Building Material Co., Ltd., H Shares | 28,921,761 | 14,715,826 |
China Overseas Land & Investment Ltd. | 9,937,254 | 20,959,885 |
China Pacific Insurance Group Co., Ltd., A Shares | 736,100 | 2,801,397 |
China Pacific Insurance Group Co., Ltd., H Shares | 4,107,714 | 9,407,918 |
China Petroleum & Chemical Corp., A Shares | 14,755,800 | 12,305,792 |
China Petroleum & Chemical Corp., H Shares | 166,012,574 | 97,171,896 |
China Railway Group Ltd., A Shares | 5,260,600 | 4,842,484 |
China Railway Group Ltd., H Shares | 14,394,148 | 7,617,651 |
China Resources Cement Holdings Ltd. | 10,335,439 | 3,426,804 |
China Resources Gas Group Ltd. | 1,280,638 | 3,600,991 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
China Resources Land Ltd. | 4,948,387 | 20,918,676 |
China Resources Power Holdings Co., Ltd. | 4,673,264 | 9,153,739 |
China Shenhua Energy Co., Ltd., A Shares | 947,800 | 3,668,273 |
China Shenhua Energy Co., Ltd., H Shares | 6,140,842 | 17,893,741 |
China State Construction Engineering Corp., Ltd., A Shares | 11,182,400 | 8,649,710 |
China Taiping Insurance Holdings Co., Ltd. | 5,819,384 | 6,129,768 |
China Tower Corp., Ltd., H Shares | 93,449,241 | 9,056,833 |
China United Network Communications Ltd., A Shares | 8,500,100 | 6,084,430 |
China Vanke Co., Ltd., A Shares | 2,309,900 | 4,328,781 |
China Vanke Co., Ltd., H Shares | 6,933,310 | 8,090,004 |
CITIC Ltd. | 17,938,943 | 17,820,559 |
COSCO Shipping Holdings Co., Ltd., A Shares | 1,096,500 | 1,476,362 |
COSCO SHIPPING Holdings Co., Ltd., H Shares | 3,677,902 | 3,775,574 |
Country Garden Holdings Co., Ltd. *(a) | 84,262,149 | 9,563,339 |
CRRC Corp., Ltd., A Shares | 3,700,800 | 3,020,231 |
CRRC Corp., Ltd., H Shares | 8,242,309 | 4,057,170 |
CSPC Pharmaceutical Group Ltd. | 5,892,379 | 4,433,326 |
Dongfeng Motor Group Co., Ltd., H Shares | 12,022,759 | 4,415,538 |
ENN Energy Holdings Ltd. | 690,536 | 5,415,623 |
Fosun International Ltd. | 9,876,346 | 6,183,933 |
GCL-Poly Energy Holdings Ltd | 10,376,863 | 1,799,666 |
Geely Automobile Holdings Ltd. | 9,182,687 | 11,405,537 |
Guangdong Investment Ltd. | 5,019,026 | 3,923,439 |
Guangzhou R&F Properties Co., Ltd., H Shares *(a) | 44,006,077 | 6,734,121 |
Haier Smart Home Co., Ltd., A Shares | 419,400 | 1,354,688 |
Haier Smart Home Co., Ltd., H Shares | 2,280,506 | 7,052,287 |
Hengan International Group Co., Ltd. | 1,371,442 | 5,089,293 |
Huaneng Power International, Inc., A Shares * | 1,204,000 | 1,348,162 |
Huaneng Power International, Inc., H Shares * | 10,289,946 | 5,143,825 |
Industrial & Commercial Bank of China Ltd., A Shares | 13,528,200 | 8,586,973 |
Industrial & Commercial Bank of China Ltd., H Shares | 204,084,028 | 93,691,140 |
Industrial Bank Co., Ltd., A Shares | 3,127,100 | 6,792,533 |
JD.com, Inc., A Shares | 1,895,057 | 31,126,131 |
Jiangxi Copper Co., Ltd., A Shares | 733,000 | 1,903,373 |
Jiangxi Copper Co., Ltd., H Shares | 5,660,160 | 8,834,808 |
Kingboard Holdings Ltd. | 3,138,784 | 7,124,730 |
Kunlun Energy Co., Ltd. | 15,090,703 | 11,046,085 |
Kweichow Moutai Co., Ltd., A Shares | 19,800 | 5,024,469 |
Legend Holdings Corp., H Shares | 5,438,180 | 4,861,369 |
Longfor Group Holdings Ltd. | 4,487,315 | 9,453,304 |
Lufax Holding Ltd., ADR | 2,149,244 | 2,600,585 |
Meituan, B Shares * | 643,296 | 10,541,465 |
NetEase, Inc. | 923,278 | 19,285,611 |
New China Life Insurance Co., Ltd., A Shares | 232,600 | 1,294,264 |
New China Life Insurance Co., Ltd., H Shares | 1,426,783 | 3,573,439 |
Nine Dragons Paper Holdings Ltd. * | 6,860,901 | 3,805,900 |
PetroChina Co., Ltd., A Shares | 3,277,000 | 3,489,284 |
PetroChina Co., Ltd., H Shares | 87,650,240 | 63,263,986 |
PICC Property & Casualty Co., Ltd., H Shares | 17,112,822 | 19,684,083 |
Ping An Bank Co., Ltd., A Shares | 2,682,500 | 4,101,975 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Ping An Insurance Group Co. of China Ltd., A Shares | 1,470,100 | 9,854,528 |
Ping An Insurance Group Co. of China Ltd., H Shares | 12,222,946 | 73,181,027 |
Postal Savings Bank of China Co., Ltd., A Shares | 2,410,300 | 1,609,406 |
Postal Savings Bank of China Co., Ltd., H Shares | 15,573,618 | 7,685,772 |
SAIC Motor Corp., Ltd., A Shares | 2,922,500 | 5,765,900 |
Seazen Group Ltd. *(a) | 20,200,001 | 3,941,212 |
Shanghai Pudong Development Bank Co., Ltd., A Shares | 7,714,200 | 7,397,831 |
Shenzhou International Group Holdings Ltd. | 589,864 | 6,055,288 |
Sinopharm Group Co., Ltd., H Shares | 5,435,988 | 15,770,552 |
Sunny Optical Technology Group Co., Ltd. | 443,430 | 3,624,684 |
Tencent Holdings Ltd. | 2,551,003 | 105,725,887 |
The People's Insurance Co. Group of China Ltd., A Shares | 519,700 | 416,988 |
The People's Insurance Co. Group of China Ltd., H Shares | 13,596,573 | 4,629,432 |
Tingyi Cayman Islands Holding Corp. | 3,136,800 | 4,608,147 |
Trip.com Group Ltd. * | 70,081 | 2,765,079 |
Vipshop Holdings Ltd., ADR * | 841,057 | 13,280,290 |
Weichai Power Co., Ltd., A Shares | 893,500 | 1,448,554 |
Weichai Power Co., Ltd., H Shares | 3,702,021 | 4,805,888 |
Xiaomi Corp., B Shares * | 13,651,023 | 21,516,453 |
Yankuang Energy Group Co., Ltd., A Shares | 198,350 | 469,543 |
Yankuang Energy Group Co., Ltd., H Shares | 3,290,876 | 5,170,222 |
Yum China Holdings, Inc. | 285,650 | 15,226,410 |
Zhongsheng Group Holdings Ltd. | 1,178,119 | 3,590,658 |
Zijin Mining Group Co., Ltd., A Shares | 1,053,600 | 1,789,173 |
Zijin Mining Group Co., Ltd., H Shares | 3,814,885 | 6,003,211 |
ZTO Express Cayman, Inc. | 121,665 | 2,955,614 |
1,622,025,634 | ||
Colombia 0.3% | ||
Bancolombia S.A. | 611,072 | 4,341,886 |
Ecopetrol S.A. | 15,438,325 | 8,884,906 |
13,226,792 | ||
Czech Republic 0.2% | ||
CEZ A/S | 171,853 | 7,313,322 |
Greece 0.3% | ||
Alpha Services and Holdings S.A. * | 6,255,657 | 10,567,975 |
Hellenic Telecommunications Organization S.A. | 378,678 | 5,671,773 |
16,239,748 | ||
Hungary 0.5% | ||
MOL Hungarian Oil & Gas plc | 1,571,699 | 11,895,880 |
OTP Bank Nyrt | 352,771 | 14,408,464 |
26,304,344 | ||
India 11.4% | ||
Axis Bank Ltd. | 1,106,360 | 13,009,908 |
Bharat Petroleum Corp., Ltd. | 4,409,546 | 18,139,134 |
Bharti Airtel Ltd. | 1,310,039 | 13,551,978 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Coal India Ltd. | 3,456,759 | 9,605,791 |
GAIL India Ltd. | 7,471,050 | 10,378,182 |
Grasim Industries Ltd. | 450,511 | 9,746,095 |
HCL Technologies Ltd. | 760,051 | 10,761,374 |
Hero MotoCorp Ltd. | 227,149 | 8,000,787 |
Hindalco Industries Ltd. | 2,919,149 | 16,214,899 |
Hindustan Petroleum Corp., Ltd. * | 5,198,850 | 15,580,301 |
Hindustan Unilever Ltd. | 256,975 | 7,775,871 |
ICICI Bank Ltd. | 552,454 | 6,397,986 |
Indian Oil Corp., Ltd. | 23,358,533 | 25,139,987 |
Infosys Ltd. | 2,332,600 | 40,445,493 |
ITC Ltd. | 1,830,886 | 9,724,327 |
Jio Financial Services Ltd. * | 2,103,300 | 5,932,393 |
JSW Steel Ltd. | 1,007,823 | 9,491,301 |
Larsen & Toubro Ltd. | 471,169 | 15,382,125 |
Mahindra & Mahindra Ltd. | 765,333 | 14,564,080 |
Maruti Suzuki India Ltd. | 97,935 | 11,834,358 |
NTPC Ltd. | 7,767,489 | 20,669,831 |
Oil & Natural Gas Corp., Ltd. | 14,384,908 | 30,260,239 |
Petronet LNG Ltd. | 1,834,885 | 4,771,937 |
Power Finance Corp., Ltd. | 4,281,440 | 13,456,712 |
Power Grid Corp. of India Ltd. | 3,182,033 | 9,399,703 |
Rajesh Exports Ltd. | 1,578,121 | 9,513,190 |
REC Ltd. | 3,657,523 | 10,543,633 |
Reliance Industries Ltd. | 2,147,859 | 62,448,735 |
State Bank of India | 1,458,917 | 9,892,501 |
Steel Authority of India Ltd. | 4,181,248 | 4,580,944 |
Sun Pharmaceutical Industries Ltd. | 516,920 | 6,940,866 |
Tata Consultancy Services Ltd. | 619,792 | 25,131,200 |
Tata Motors Ltd. | 2,917,791 | 21,182,170 |
Tata Motors Ltd., A Shares, DVR | 584,363 | 2,819,949 |
Tata Steel Ltd. | 17,826,123 | 26,463,700 |
Tech Mahindra Ltd. | 578,458 | 8,398,467 |
UltraTech Cement Ltd. | 54,220 | 5,434,329 |
UPL Ltd. | 528,569 | 3,774,341 |
Vedanta Ltd. | 3,188,427 | 8,946,795 |
Wipro Ltd. | 1,405,002 | 6,931,137 |
563,236,749 | ||
Indonesia 1.5% | ||
PT Astra International Tbk | 34,900,141 | 14,780,427 |
PT Bank Central Asia Tbk | 15,910,149 | 9,584,742 |
PT Bank Mandiri (Persero) Tbk | 32,999,264 | 13,054,535 |
PT Bank Rakyat Indonesia (Persero) Tbk | 44,311,366 | 16,147,609 |
PT Telkom Indonesia (Persero) Tbk | 69,744,778 | 17,081,288 |
PT United Tractors Tbk | 3,346,279 | 5,712,623 |
76,361,224 | ||
Kuwait 0.6% | ||
Kuwait Finance House KSCP | 3,385,907 | 8,183,295 |
Mobile Telecommunications Co. KSCP | 4,151,761 | 6,869,094 |
National Bank of Kuwait SAKP | 4,423,708 | 13,202,956 |
28,255,345 | ||
Malaysia 1.7% | ||
Axiata Group Berhad | 11,153,472 | 5,672,887 |
CIMB Group Holdings Berhad | 8,959,924 | 10,871,632 |
Genting Berhad | 6,279,200 | 5,913,815 |
Malayan Banking Berhad | 8,734,758 | 17,149,492 |
Petronas Chemicals Group Berhad | 3,322,200 | 5,097,859 |
Public Bank Berhad | 11,476,500 | 10,462,413 |
Sime Darby Berhad | 10,532,600 | 5,220,901 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Tenaga Nasional Berhad | 10,853,600 | 23,017,117 |
83,406,116 | ||
Mexico 4.0% | ||
Alfa S.A.B. de C.V., A Shares | 13,860,544 | 9,280,576 |
America Movil S.A.B. de C.V. | 43,266,968 | 41,257,435 |
Cemex SAB de C.V., ADR * | 3,828,953 | 30,516,755 |
Controladora Axtel SAB de C.V. * | 13,647,178 | 145,133 |
Fomento Economico Mexicano S.A.B. de C.V. | 2,576,569 | 29,210,326 |
Grupo Bimbo S.A.B. de C.V., Series A | 1,934,229 | 9,639,112 |
Grupo Financiero Banorte S.A.B. de C.V., O Shares | 2,817,089 | 24,171,224 |
Grupo Mexico S.A.B. de C.V., Series B | 4,165,570 | 20,098,085 |
Grupo Televisa S.A.B., Series CPO | 7,776,261 | 6,990,053 |
Orbia Advance Corp. S.A.B. de C.V. | 2,627,328 | 5,923,751 |
Wal-Mart de Mexico S.A.B. de C.V. | 4,796,067 | 19,139,532 |
196,371,982 | ||
Qatar 0.6% | ||
Ooredoo QPSC | 2,240,497 | 6,647,628 |
Qatar Fuel QSC | 1,125,232 | 4,946,075 |
Qatar Islamic Bank SAQ | 816,334 | 4,332,850 |
Qatar National Bank QPSC | 3,622,284 | 15,524,074 |
31,450,627 | ||
Russia 0.0% | ||
Alrosa PJSC *(b)(c) | 49,456 | 0 |
Federal Grid Co. - Rosseti PJSC *(b)(c) | 19,817,058 | 0 |
Gazprom PJSC *(b)(c) | 197,560 | 0 |
Inter RAO UES PJSC *(b)(c) | 1,590,272 | 0 |
LUKOIL PJSC *(b)(c) | 15,008 | 0 |
Magnit PJSC *(b)(c) | 2,064 | 0 |
MMC Norilsk Nickel PJSC *(b)(c) | 544 | 0 |
Mobile TeleSystems PJSC *(b)(c) | 26,384 | 0 |
Novatek PJSC *(b)(c) | 5,557 | 0 |
Novolipetsk Steel PJSC *(b)(c) | 21,760 | 0 |
Rosneft Oil Co. PJSC *(b)(c) | 28,418 | 0 |
Sberbank of Russia PJSC *(b)(c) | 90,000 | 0 |
Severstal PAO *(b)(c) | 3,392 | 0 |
Sistema PJSFC *(b)(c) | 127,904 | 0 |
Tatneft PJSC *(b)(c) | 45,568 | 0 |
0 | ||
Saudi Arabia 2.2% | ||
Al Rajhi Bank | 600,664 | 11,562,780 |
Riyad Bank | 696,045 | 5,650,906 |
Saudi Arabian Oil Co. | 1,958,486 | 18,223,818 |
Saudi Basic Industries Corp. | 1,242,807 | 29,292,026 |
Saudi Electricity Co. | 1,568,821 | 8,658,391 |
Saudi Telecom Co. | 1,899,272 | 20,154,113 |
The Saudi National Bank | 1,282,484 | 12,224,229 |
Yanbu National Petrochemical Co. | 380,739 | 4,293,992 |
110,060,255 | ||
South Africa 4.5% | ||
Absa Group Ltd. | 1,532,358 | 14,752,233 |
Anglo American Platinum Ltd. (a) | 72,647 | 2,536,334 |
AngloGold Ashanti Ltd. | 564,531 | 9,622,518 |
Bid Corp., Ltd. | 498,811 | 11,191,438 |
Exxaro Resources Ltd. | 496,551 | 4,401,170 |
FirstRand Ltd. | 6,288,153 | 24,375,518 |
Gold Fields Ltd. (a) | 1,001,831 | 12,849,997 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Impala Platinum Holdings Ltd. | 872,004 | 4,488,276 |
MTN Group Ltd. | 3,969,891 | 25,226,157 |
MultiChoice Group | 787,907 | 3,257,320 |
Naspers Ltd., N Shares | 58,323 | 9,908,873 |
Nedbank Group Ltd. (a) | 838,683 | 9,558,816 |
Old Mutual Ltd. | 10,703,646 | 7,173,450 |
Sanlam Ltd. | 2,522,276 | 9,078,062 |
Sappi Ltd. (a) | 2,416,767 | 5,119,436 |
Sasol Ltd. | 951,510 | 12,274,404 |
Shoprite Holdings Ltd. | 702,611 | 9,789,800 |
Sibanye Stillwater Ltd. | 4,444,950 | 6,746,652 |
Standard Bank Group Ltd. | 2,349,768 | 23,976,693 |
The Bidvest Group Ltd. | 521,597 | 7,849,436 |
Vodacom Group Ltd. | 1,170,716 | 6,668,784 |
220,845,367 | ||
Taiwan 20.2% | ||
Acer, Inc. | 8,151,470 | 9,368,182 |
ASE Technology Holding Co., Ltd. | 6,251,000 | 23,161,666 |
Asia Cement Corp. | 3,935,000 | 4,930,102 |
Asustek Computer, Inc. | 2,175,100 | 27,490,548 |
AUO Corp. * | 28,857,496 | 16,129,353 |
Catcher Technology Co., Ltd. | 1,758,000 | 9,964,015 |
Cathay Financial Holding Co., Ltd. | 10,790,994 | 15,451,284 |
Chailease Holding Co., Ltd. | 774,534 | 4,316,951 |
China Development Financial Holding Corp. * | 14,682,000 | 5,463,134 |
China Steel Corp. | 19,538,088 | 16,257,967 |
Chunghwa Telecom Co., Ltd. | 4,192,764 | 15,272,028 |
Compal Electronics, Inc. | 22,956,000 | 22,994,565 |
CTBC Financial Holding Co., Ltd. | 19,327,809 | 14,474,691 |
Delta Electronics, Inc. | 1,450,696 | 15,761,255 |
E.Sun Financial Holding Co., Ltd. | 7,667,724 | 5,886,859 |
Evergreen Marine Corp., Ltd. | 1,600,000 | 5,350,666 |
Far Eastern New Century Corp. | 9,241,061 | 8,168,429 |
First Financial Holding Co., Ltd. | 7,670,776 | 6,334,806 |
Formosa Chemicals & Fibre Corp. | 7,388,882 | 14,384,962 |
Formosa Petrochemical Corp. | 2,723,704 | 6,782,212 |
Formosa Plastics Corp. | 5,203,476 | 12,989,696 |
Foxconn Technology Co., Ltd. | 3,407,858 | 5,960,394 |
Fubon Financial Holding Co., Ltd. | 9,412,768 | 18,798,048 |
Hon Hai Precision Industry Co., Ltd. | 41,806,928 | 139,809,330 |
Hotai Motor Co., Ltd. | 249,800 | 5,325,992 |
Innolux Corp. * | 37,768,732 | 17,137,148 |
Inventec Corp. | 11,482,646 | 20,335,711 |
Largan Precision Co., Ltd. | 109,200 | 7,029,344 |
Lite-On Technology Corp., ADR | 3,684,229 | 15,849,132 |
MediaTek, Inc. | 1,019,046 | 22,559,070 |
Mega Financial Holding Co., Ltd. | 8,540,312 | 9,627,344 |
Micro-Star International Co., Ltd. | 1,223,000 | 6,125,273 |
Nan Ya Plastics Corp. | 8,282,588 | 17,191,185 |
Novatek Microelectronics Corp. | 611,000 | 7,664,720 |
Pegatron Corp. | 10,493,234 | 25,700,540 |
Pou Chen Corp. | 9,797,000 | 8,798,273 |
Powertech Technology, Inc. | 2,052,000 | 6,424,078 |
President Chain Store Corp. | 615,000 | 5,165,795 |
Quanta Computer, Inc. | 6,168,058 | 49,098,102 |
Shin Kong Financial Holding Co., Ltd. * | 18,593,000 | 5,528,887 |
Synnex Technology International Corp. | 4,171,178 | 8,002,731 |
Taiwan Cement Corp. | 8,992,760 | 9,869,121 |
Taiwan Cooperative Financial Holding Co., Ltd. | 6,273,357 | 5,170,917 |
Taiwan Mobile Co., Ltd. | 1,831,530 | 5,360,043 |
Taiwan Semiconductor Manufacturing Co., Ltd. | 11,271,352 | 194,306,195 |
Uni-President Enterprises Corp. | 7,555,796 | 16,774,050 |
United Microelectronics Corp. | 12,499,931 | 17,859,007 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Walsin Lihwa Corp. | 5,014,925 | 5,983,928 |
Wistron Corp. | 12,801,934 | 47,032,681 |
WPG Holdings Ltd. | 6,945,880 | 11,973,963 |
Yageo Corp. | 410,635 | 6,253,685 |
Yang Ming Marine Transport Corp. | 2,620,000 | 3,475,892 |
Yuanta Financial Holding Co., Ltd. | 11,650,938 | 8,926,660 |
Zhen Ding Technology Holding Ltd. | 1,373,000 | 4,169,033 |
1,000,219,643 | ||
Thailand 3.1% | ||
Advanced Info Service PCL NVDR | 1,301,900 | 8,030,568 |
Bangkok Bank PCL NVDR | 1,324,900 | 6,413,095 |
Charoen Pokphand Foods PCL NVDR | 13,818,400 | 8,168,512 |
CP ALL PCL NVDR | 4,981,700 | 9,282,671 |
Kasikornbank PCL NVDR | 2,013,400 | 7,503,354 |
Krung Thai Bank PCL NVDR | 12,063,500 | 6,648,834 |
PTT Exploration & Production PCL NVDR | 1,755,600 | 7,946,387 |
PTT Global Chemical PCL NVDR | 8,384,500 | 8,919,044 |
PTT PCL NVDR | 52,447,600 | 52,046,951 |
SCB X PCL NVDR | 3,994,700 | 13,461,115 |
Thai Oil PCL NVDR | 4,083,987 | 6,006,292 |
The Siam Cement PCL NVDR | 1,815,100 | 16,224,068 |
150,650,891 | ||
Turkey 1.7% | ||
Akbank T.A.S. | 11,379,374 | 12,285,389 |
BIM Birlesik Magazalar A/S | 883,572 | 8,359,240 |
Eregli Demir ve Celik Fabrikalari T.A.S. * | 3,960,396 | 6,391,294 |
Haci Omer Sabanci Holding A/S | 3,091,557 | 6,935,188 |
KOC Holding A/S | 1,868,690 | 9,940,157 |
Turk Hava Yollari AO * | 1,102,201 | 10,129,935 |
Turkcell Iletisim Hizmetleri A/S * | 5,213,210 | 10,912,373 |
Turkiye Is Bankasi A/S, Class C | 11,186,559 | 8,837,606 |
Turkiye Petrol Rafinerileri A/S | 2,018,711 | 10,685,158 |
84,476,340 | ||
United Arab Emirates 1.1% | ||
Abu Dhabi Commercial Bank PJSC | 2,986,850 | 7,017,742 |
Dubai Islamic Bank PJSC | 3,457,617 | 5,309,201 |
Emaar Properties PJSC | 6,982,989 | 13,422,061 |
Emirates Telecommunications Group Co. PJSC | 3,124,363 | 16,876,264 |
First Abu Dhabi Bank PJSC | 3,366,509 | 12,538,311 |
55,163,579 | ||
Total Common Stocks (Cost $4,321,183,514) | 4,676,980,224 | |
PREFERRED STOCKS 4.7% OF NET ASSETS | ||
Brazil 4.6% | ||
Banco Bradesco S.A. | 10,962,644 | 33,103,046 |
Centrais Eletricas Brasileiras S.A., B Shares | 416,187 | 3,256,564 |
Cia Energetica de Minas Gerais | 2,930,790 | 7,298,931 |
Cia Paranaense de Energia, B Shares | 3,551,152 | 6,211,530 |
Gerdau S.A. | 2,657,305 | 13,874,374 |
Itau Unibanco Holding S.A. | 8,299,313 | 45,981,106 |
Metalurgica Gerdau S.A. | 3,583,080 | 8,554,319 |
Petroleo Brasileiro S.A. | 16,505,460 | 106,481,462 |
224,761,332 | ||
SECURITY | NUMBER OF SHARES | VALUE ($) |
Colombia 0.1% | ||
Bancolombia S.A. | 1,085,938 | 7,212,187 |
Russia 0.0% | ||
Surgutneftegas PJSC *(b)(c) | 265,800 | 0 |
Tatneft PJSC *(b)(c) | 4,870 | 0 |
Transneft PJSC *(b)(c) | 116 | 0 |
0 | ||
Total Preferred Stocks (Cost $182,449,595) | 231,973,519 |
SHORT-TERM INVESTMENTS 1.1% OF NET ASSETS | ||
Money Market Funds 1.1% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (d) | 16,464,273 | 16,464,273 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (d)(e) | 37,788,269 | 37,788,269 |
54,252,542 | ||
Total Short-Term Investments (Cost $54,252,542) | 54,252,542 | |
Total Investments in Securities (Cost $4,557,885,651) | 4,963,206,285 |
NUMBER OF CONTRACTS | NOTIONAL AMOUNT ($) | CURRENT VALUE/ UNREALIZED DEPRECIATION ($) | |
FUTURES CONTRACTS | |||
Long | |||
MSCI Emerging Markets Index, expires 09/15/23 | 700 | 34,275,500 | (524,504 ) |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $33,028,047. |
(b) | Fair valued using significant unobservable inputs (see financial note 2(a), Securities for which no quoted value is available, for additional information). |
(c) | Trading in Russian securities listed on the Moscow Exchange, Russian ADRs, and Russian GDRs are subject to trade restrictions; and therefore, the ability of the fund to buy these securities is currently not permitted, and the ability of the fund to sell these securities is uncertain. |
(d) | The rate shown is the annualized 7-day yield. |
(e) | Security purchased with cash collateral received for securities on loan. |
ADR — | American Depositary Receipt |
DVR — | Differential Voting Rights |
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 Stocks1 | $4,676,980,224 | $— | $— | $4,676,980,224 |
Russia | — | — | 0 * | 0 |
Preferred Stocks1 | 231,973,519 | — | — | 231,973,519 |
Russia | — | — | 0 * | 0 |
Short-Term Investments1 | 54,252,542 | — | — | 54,252,542 |
Liabilities | ||||
Futures Contracts2 | (524,504 ) | — | — | (524,504 ) |
Total | $4,962,681,781 | $— | $— | $4,962,681,781 |
* | Level 3 amount shown includes securities determined to have no value at August 31, 2023. |
1 | As categorized in the Portfolio Holdings. |
2 | Futures contracts are reported at cumulative unrealized appreciation or depreciation. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $4,557,885,651) including securities on loan of $33,028,047 | $4,963,206,285 | |
Foreign currency, at value (cost $8,644,867) | 8,600,063 | |
Deposit with broker for futures contracts | 2,904,020 | |
Receivables: | ||
Dividends | 21,937,675 | |
Investments sold | 1,583,826 | |
Income from securities on loan | + | 113,873 |
Total assets | 4,998,345,742 | |
Liabilities | ||
Collateral held for securities on loan | 37,788,269 | |
Payables: | ||
Foreign capital gains tax | 14,783,351 | |
Management fees | 1,646,210 | |
Variation margin on futures contracts | + | 445,279 |
Total liabilities | 54,663,109 | |
Net assets | $4,943,682,633 | |
Net Assets by Source | ||
Capital received from investors | $5,250,467,186 | |
Total distributable loss | + | (306,784,553 ) |
Net assets | $4,943,682,633 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$4,943,682,633 | 186,400,000 | $26.52 | ||
For the period March 1, 2023 through August 31, 2023; unaudited | ||
Investment Income | ||
Dividends received from securities - unaffiliated (net of foreign withholding tax of $21,974,255) | $179,678,828 | |
Securities on loan, net | + | 524,666 |
Total investment income | 180,203,494 | |
Expenses | ||
Management fees | 9,505,327 | |
Total expenses | – | 9,505,327 |
Net investment income | 170,698,167 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated (net of foreign capital gains tax paid of $2,090,396) | (13,931,294 ) | |
Net realized gains on futures contracts | 857,798 | |
Net realized losses on foreign currency transactions | + | (724,200 ) |
Net realized losses | (13,797,696 ) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated (net of change in foreign capital gains tax of ($6,284,637)) | 116,261,743 | |
Net change in unrealized appreciation (depreciation) on futures contracts | 94,855 | |
Net change in unrealized appreciation (depreciation) on foreign currency translations | + | (68,894 ) |
Net change in unrealized appreciation (depreciation) | + | 116,287,704 |
Net realized and unrealized gains | 102,490,008 | |
Increase in net assets resulting from operations | $273,188,175 |
OPERATIONS | |||
3/1/23-8/31/23 | 3/1/22-2/28/23 | ||
Net investment income | $170,698,167 | $265,272,788 | |
Net realized losses | (13,797,696 ) | (545,871,571 ) | |
Net change in unrealized appreciation (depreciation) | + | 116,287,704 | (153,773,482 ) |
Increase (decrease) in net assets resulting from operations | $273,188,175 | ($434,372,265 ) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($49,372,200 ) | ($239,783,490 ) |
TRANSACTIONS IN FUND SHARES | |||||
3/1/23-8/31/23 | 3/1/22-2/28/23 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 7,200,000 | $190,460,793 | 35,600,000 | $943,221,611 | |
Other capital | — | — | — | 1,902,000 | |
Shares redeemed | + | — | — | (21,400,000 ) | (567,127,546 ) |
Net transactions in fund shares | 7,200,000 | $190,460,793 | 14,200,000 | $377,996,065 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
3/1/23-8/31/23 | 3/1/22-2/28/23 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 179,200,000 | $4,529,405,865 | 165,000,000 | $4,825,565,555 | |
Total increase (decrease) | + | 7,200,000 | 414,276,768 | 14,200,000 | (296,159,690 ) |
End of period | 186,400,000 | $4,943,682,633 | 179,200,000 | $4,529,405,865 |
SCHWAB STRATEGIC TRUST (ORGANIZED JANUARY 27, 2009) | |
Schwab Fundamental U.S. Broad Market Index ETF | Schwab U.S. REIT ETF |
Schwab Fundamental U.S. Large Company Index ETF | Schwab International Dividend Equity ETF |
Schwab Fundamental U.S. Small Company Index ETF | Schwab International Equity ETF |
Schwab Fundamental International Large Company Index ETF | Schwab International Small-Cap Equity ETF |
Schwab Fundamental International Small Company Index ETF | Schwab Emerging Markets Equity ETF |
Schwab Fundamental Emerging Markets Large Company Index ETF | Schwab U.S. TIPS ETF |
Schwab U.S. Broad Market ETF | Schwab Short-Term U.S. Treasury ETF |
Schwab 1000 Index® ETF | Schwab Intermediate-Term U.S. Treasury ETF |
Schwab U.S. Large-Cap ETF | Schwab Long-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 1-5 Year Corporate Bond ETF |
Schwab U.S. Mid-Cap ETF | Schwab 5-10 Year Corporate Bond ETF |
Schwab U.S. Small-Cap ETF | Schwab Ariel ESG ETF |
Schwab U.S. Dividend Equity ETF | Schwab Crypto Thematic ETF |
Schwab Municipal Bond ETF | Schwab High Yield Bond ETF |
2. Significant Accounting Policies:
3. Risk Factors:
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 % |
PURCHASE COST | SALE PROCEEDS | REALIZED GAINS (LOSSES) | |
Schwab Fundamental U.S. Broad Market Index ETF | $6,646,563 | $6,809,886 | ($306,870 ) |
Schwab Fundamental U.S. Large Company Index ETF | 185,586,700 | 180,581,679 | (28,029,120 ) |
Schwab Fundamental U.S. Small Company Index ETF | 77,766,909 | 136,259,845 | (18,536,077 ) |
Schwab Fundamental International Large Company Index ETF | 99,273,147 | 149,795,089 | (10,584,462 ) |
Schwab Fundamental International Small Company Index ETF | 93,131,315 | 56,108,755 | (4,009,580 ) |
Schwab Fundamental Emerging Markets Large Company Index ETF | 35,761,630 | 5,760,804 | (641,243 ) |
5. Other Service Providers:
6. Board of Trustees:
7. Borrowing from Banks:
8. Derivatives:
NOTIONAL AMOUNTS | NUMBER OF CONTRACTS | |
Schwab Fundamental U.S. Broad Market Index ETF | $860,730 | 8 |
Schwab Fundamental U.S. Large Company Index ETF | 18,100,295 | 84 |
Schwab Fundamental U.S. Small Company Index ETF | 11,079,352 | 119 |
Schwab Fundamental International Large Company Index ETF | 51,237,020 | 485 |
Schwab Fundamental International Small Company Index ETF | 17,586,726 | 167 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 35,202,103 | 698 |
9. Purchases and Sales of Investment Securities:
PURCHASES OF SECURITIES | SALES OF SECURITIES | |
Schwab Fundamental U.S. Broad Market Index ETF | $30,607,608 | $28,414,189 |
Schwab Fundamental U.S. Large Company Index ETF | 635,123,716 | 601,277,341 |
Schwab Fundamental U.S. Small Company Index ETF | 890,296,610 | 804,420,091 |
Schwab Fundamental International Large Company Index ETF | 788,109,094 | 598,426,362 |
Schwab Fundamental International Small Company Index ETF | 434,302,475 | 385,680,671 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 683,706,389 | 431,540,500 |
10. In-Kind Transactions:
IN-KIND PURCHASES OF SECURITIES | IN-KIND SALES OF SECURITIES | |
Schwab Fundamental U.S. Broad Market Index ETF | $38,135,589 | $13,615,983 |
Schwab Fundamental U.S. Large Company Index ETF | 1,016,783,329 | 205,176,786 |
Schwab Fundamental U.S. Small Company Index ETF | 702,662,771 | 388,635,383 |
Schwab Fundamental International Large Company Index ETF | 908,650,051 | 14,252,854 |
Schwab Fundamental International Small Company Index ETF | 146,142,670 | 81,399,458 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 29,425,141 | 0 |
11. Federal Income Taxes:
TAX COST | GROSS UNREALIZED APPRECIATION | GROSS UNREALIZED DEPRECIATION | NET UNREALIZED APPRECIATION (DEPRECIATION) | |
Schwab Fundamental U.S. Broad Market Index ETF | $438,669,741 | $124,937,215 | ($24,026,509 ) | $100,910,706 |
Schwab Fundamental U.S. Large Company Index ETF | 10,645,311,205 | 1,894,819,066 | (661,922,143 ) | 1,232,896,923 |
Schwab Fundamental U.S. Small Company Index ETF | 6,511,401,037 | 1,041,684,477 | (722,640,324 ) | 319,044,153 |
Schwab Fundamental International Large Company Index ETF | 9,578,804,348 | 1,551,802,109 | (391,322,446 ) | 1,160,479,663 |
Schwab Fundamental International Small Company Index ETF | 2,985,280,957 | 362,161,468 | (304,856,861 ) | 57,304,607 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 4,791,606,315 | 656,694,822 | (485,619,356 ) | 171,075,466 |
Schwab Fundamental U.S. Broad Market Index ETF | $19,267,879 |
Schwab Fundamental U.S. Large Company Index ETF | 420,200,288 |
Schwab Fundamental U.S. Small Company Index ETF | 531,921,543 |
Schwab Fundamental International Large Company Index ETF | 293,445,861 |
Schwab Fundamental International Small Company Index ETF | 163,671,695 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 582,308,683 |
PRIOR FISCAL YEAR END DISTRIBUTIONS | |
ORDINARY INCOME | |
Schwab Fundamental U.S. Broad Market Index ETF | $8,668,580 |
Schwab Fundamental U.S. Large Company Index ETF | 197,038,665 |
Schwab Fundamental U.S. Small Company Index ETF | 74,669,735 |
Schwab Fundamental International Large Company Index ETF | 247,435,740 |
Schwab Fundamental International Small Company Index ETF | 51,473,080 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 239,783,490 |
12. Subsequent Events:
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 |
Michael J. Beer 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 2022) | Retired. Director, President and Chief Executive Officer (Dec. 2016 – Sept. 2019), Principal Funds (investment management). | 106 | Director (2016 – 2019), Principal Funds, Inc. |
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. | 106 | None |
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) | Retired. | 106 | None |
David L. Mahoney 1954 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016) | Private Investor. | 106 | Director (2004 – present), Corcept Therapeutics Incorporated Director (2009 – 2021), Adamas Pharmaceuticals, Inc. Director (2003 – 2019), Symantec Corporation |
Jane P. Moncreiff 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 2019) | Consultant (2018 – present), Fulham Advisers LLC (management consulting); Chief Investment Officer (2009 – 2017), CareGroup Healthcare System, Inc. (healthcare). | 106 | 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 |
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 (2008 – present), Patmore Management Consulting (management consulting). | 106 | None |
J. Derek Penn 1957 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2021) | Head of Equity Sales and Trading (2006 – 2018), BNY Mellon (financial services). | 106 | None |
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) | Co-Chairman of the Board (July 2022 – present), Director and Chief Executive Officer (Oct. 2008 – present) and President (Feb. 2007 – Oct. 2021), The Charles Schwab Corporation; President and Chief Executive Officer (Oct. 2008 – Oct. 2021) and Director (May 2008 – Oct. 2021), Charles Schwab & Co., Inc.; Director (Apr. 2006 – present), Charles Schwab Bank, SSB; Director (Nov. 2017 – present), Charles Schwab Premier Bank, SSB; Director (July 2019 – present), Charles Schwab Trust Bank; Director (May 2008 – present), Chief Executive Officer (Aug. 2017 – present) and President (Aug. 2017 – Nov. 2021), Schwab Holdings, Inc.; Director (Oct. 2020 – present), TD Ameritrade Holding Corporation; Director (July 2016 – Oct. 2021), Charles Schwab Investment Management, Inc. | 106 | Director (2008 – present), The Charles Schwab Corporation |
Richard A. Wurster2 1973 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2022) | President (Oct. 2021 – present) and Executive Vice President – Schwab Asset Management Solutions (Apr. 2019 – Oct. 2021), The Charles Schwab Corporation; President, Director (Oct. 2021 – present), Executive Vice President – Schwab Asset Management Solutions (July 2019 – Oct. 2021) and Senior Vice President – Advisory (May 2016 – July 2019), Charles Schwab & Co., Inc.; President (Nov. 2021 – present), Schwab Holdings, Inc.; Director (Oct. 2021 – present) and Chief Executive Officer (Nov. 2019 – Jan. 2022), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Mar. 2018 – Oct. 2022), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (July 2016 – Apr. 2018) and President (Mar. 2017 – Apr. 2018), ThomasPartners, Inc.; Chief Executive Officer (July 2016 – Apr. 2018), Windhaven Investment Management, Inc. | 106 | 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 |
Omar Aguilar 1970 Chief Executive Officer and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Chief Executive Officer (Jan. 2022 – present), Chief Investment Officer (Apr. 2011 – present) and Senior Vice President (Apr. 2011 – Dec. 2021), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Oct. 2022 – present), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (Sept. 2023 – present), Chief Investment Officer (June 2011 – present) and Vice President (June 2011 – Sept. 2023), Schwab Funds, Laudus Trust and Schwab ETFs. |
Jonathan de St. Paer 1973 President (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018) | Director (Apr. 2019 – present), President (Oct. 2018 – present), Chief Operating Officer (Jan. 2021 – present), and Chief Executive Officer (Apr. 2019 – Nov. 2019), Charles Schwab Investment Management, Inc.; Senior Vice President (June 2020 – Mar. 2022) and Chief Operating Officer (Jan. 2021 – Mar. 2022), Charles Schwab Investment Advisory, Inc.; President (Nov. 2018 – present), Chief Executive Officer (Apr. 2019 – Sept. 2023) and Trustee (Apr. 2019 – Dec. 2020), Schwab Funds, Laudus Trust and Schwab ETFs; Managing Director (May 2022 – present), Senior Vice President (Apr. 2019 – May 2022) and Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), Charles Schwab & Co., Inc. |
Mark Fischer 1970 Chief Operating 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) | Chief Operating Officer (Dec. 2020 – present) and Treasurer and Chief Financial Officer (Jan. 2016 – Dec. 2022), Schwab Funds, Laudus Trust and Schwab ETFs; Managing Director (Mar. 2023 – present), Chief Financial Officer (Mar. 2020 – present) and Vice President (Oct. 2013 – Mar. 2023), Charles Schwab Investment Management, Inc. |
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 |
Dana Smith 1965 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 2023) | Treasurer and Chief Financial Officer (Jan. 2023 – present) and Assistant Treasurer (Dec. 2015 – Dec. 2022), Schwab Funds, Laudus Trust and Schwab ETFs; Managing Director (Mar. 2023 – present), Vice President (Mar. 2022 – Mar. 2023) and Director (Oct. 2015 – Mar. 2022), Charles Schwab Investment Management, Inc. |
Brett Wander 1961 Vice President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Managing Director (Mar. 2023 – present), Chief Investment Officer (Apr. 2011 – present) and Senior Vice President (Apr. 2011 – Mar. 2023) Charles Schwab Investment Management, Inc.; Vice President and Chief Investment Officer (June 2011 – present), Schwab Funds, Laudus Trust and Schwab ETFs. |
William P. McMahon, Jr. 1972 Vice President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2021) | Managing Director (Mar. 2023 – present), Chief Investment Officer (Jan. 2020 – present) and Senior Vice President (Jan. 2020 – Mar. 2023) Charles Schwab Investment Management, Inc.; Vice President and Chief Investment Officer (June 2021 – present), Schwab Funds, Laudus Trust and Schwab ETFs; Senior Vice President and Chief Investment Officer – ThomasPartners Strategies (Apr. 2018 – Dec. 2019), Charles Schwab Investment Advisory, Inc.; Senior Vice President and Chief Investment Officer (May 2001 – Apr. 2018), ThomasPartners, Inc. |
Catherine MacGregor 1964 Chief Legal Officer and Secretary, Schwab Funds and Schwab ETFs Chief Legal Officer, Vice President and Clerk, Laudus Trust (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) | Managing Director (Mar. 2023 – present), Chief Legal Officer (Mar. 2022 – present) and Vice President (Sept. 2005 – Mar. 2023), Charles Schwab Investment Management, Inc.; Managing Director (May 2022 – present) and Vice President (July 2005 – May 2022), Charles Schwab & Co., Inc.; Vice President (Dec. 2005 – present) and Chief Legal Officer and Clerk (Mar. 2007 – present), Laudus Trust; Chief Legal Officer and Secretary (Oct. 2021 – present), Vice President (Nov. 2005 – Oct. 2021) and Assistant Secretary (June 2007 – Oct. 2021), Schwab Funds; Chief Legal Officer and Secretary (Oct. 2021 – present), Vice President and Assistant Secretary (Oct. 2009 – Oct. 2021), Schwab ETFs. |
Schwab ETFs
Index ETF
Printed on recycled paper.
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 to this semi-annual report.
Item 6: Schedule of Investments.
The schedules of investments are included as part of the report to shareholders filed under Item 1 of this Form.
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, Omar Aguilar and Registrant’s Chief Financial Officer, Dana Smith, 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 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: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13: Exhibits.
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Schwab Strategic Trust - Schwab Fundamental Index ETFs and Schwab U.S. REIT ETF
By: | /s/ Omar Aguilar | |
Omar Aguilar Chief Executive Officer | ||
Date: | October 17, 2023 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Omar Aguilar | |
Omar Aguilar Chief Executive Officer | ||
Date: | October 17, 2023 |
By: | /s/ Dana Smith | |
Dana Smith Chief Financial Officer | ||
Date: | October 17, 2023 |