UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-22311
Schwab Strategic Trust – Schwab U.S. REIT ETF and Schwab Fundamental Index ETFs
(Exact name of registrant as specified in charter)
211 Main Street, San Francisco, California 94105
(Address of principal executive offices) (Zip code)
Omar Aguilar
Schwab Strategic Trust – Schwab U.S. REIT ETF and Schwab Fundamental Index ETFs
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: February 29, 2024
Item 1: Report(s) to Shareholders.
No Action Required – Notice Regarding Shareholder Report Delivery |
Beginning on July 24, 2024, fund shareholder reports will be streamlined to highlight key information deemed important for investors to assess and monitor their fund investments. Other information, including financial statements, will not appear in the streamlined shareholder reports but will available online and delivered free of charge upon request. |
• If you already receive the full shareholder reports, you will receive the streamlined shareholder reports in the same way that you currently receive the full shareholder reports (either in paper or electronically). |
• If you currently receive a notification when a shareholder report is available on a fund’s website, beginning July 24, 2024, you will begin to receive the streamlined shareholder report (in paper). |
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Total Returns for the 12 Months Ended February 29, 2024 | |
Schwab U.S. REIT ETF (Ticker Symbol: SCHH) | |
Market Price Return1 | 3.95% |
NAV Return1 | 4.06% |
Dow Jones Equity All REIT Capped Index | 4.12% |
ETF Category: Morningstar Real Estate2 | 3.80% |
Performance Details | pages 6-8 |
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 | 1 Year | 5 Years | 10 Years |
Fund: Schwab U.S. REIT ETF (1/13/11) | |||
Market Price Return3 | 3.95% | 1.17% | 4.73% |
NAV Return3 | 4.06% | 1.20% | 4.74% |
Dow Jones Equity All REIT Capped Index2 | 4.12% | N/A | N/A |
REIT Spliced Index | 4.12% | 1.24% | 4.81% |
ETF Category: Morningstar Real Estate4 | 3.80% | 3.76% | 5.66% |
Fund Expense Ratio5: 0.07% |
Number of Holdings | 120 |
Weighted Average Market Cap (millions) | $42,646 |
Price/Earnings Ratio (P/E) | 33.6 |
Price/Book Ratio (P/B) | 2.3 |
Portfolio Turnover Rate | 6% 2 |
EXPENSE RATIO (ANNUALIZED) 1 | BEGINNING ACCOUNT VALUE AT 9/1/23 | ENDING ACCOUNT VALUE (NET OF EXPENSES) AT 2/29/24 | EXPENSES PAID DURING PERIOD 9/1/23-2/29/24 2 | |
Schwab U.S. REIT ETF | ||||
Actual Return | 0.07% | $1,000.00 | $1,062.60 | $0.36 |
Hypothetical 5% Return | 0.07% | $1,000.00 | $1,024.52 | $0.35 |
1 | Based on the most recent six-month expense ratio. |
2 | Expenses for the fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by 182 days in the period, and divided by 366 days in the fiscal year. |
3/1/23– 2/29/24 | 3/1/22– 2/28/231 | 3/1/21– 2/28/221 | 3/1/20– 2/28/211 | 3/1/19– 2/29/201 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $19.96 | $23.30 | $19.48 | $21.15 | $21.65 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)2 | 0.64 | 0.60 | 0.43 | 0.42 | 0.66 | |
Net realized and unrealized gains (losses) | 0.12 | (3.45 ) | 3.79 | (1.54 ) | (0.50 ) | |
Total from investment operations | 0.76 | (2.85 ) | 4.22 | (1.12 ) | 0.16 | |
Less distributions: | ||||||
Distributions from net investment income | (0.67 ) | (0.49 ) | (0.40 ) | (0.55 ) | (0.66 ) | |
Net asset value at end of period | $20.05 | $19.96 | $23.30 | $19.48 | $21.15 | |
Total return | 4.06 % | (12.22 %) | 21.56 % | (4.98 %) | 0.59 % | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.07 % | 0.07 %3 | 0.07 % | 0.07 % | 0.07 % | |
Net investment income (loss) | 3.34 % | 2.82 %3 | 1.81 % | 2.33 % | 2.88 % | |
Portfolio turnover rate4 | 6 % | 6 % | 5 % | 59 % | 6 % | |
Net assets, end of period (x 1,000,000) | $6,361 | $5,780 | $6,648 | $4,892 | $5,717 |
1 | Per-Share Data has been retroactively adjusted to reflect a 2-for-1 share split effective after market close on March 10, 2022. (see financial note 12 for additional information). |
2 | Calculated based on the average shares outstanding during the period. |
3 | Ratio includes less than 0.005% of non-routine proxy expenses. |
4 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY | NUMBER OF SHARES | VALUE ($) |
COMMON STOCKS 99.8% OF NET ASSETS | ||
Data Center REITs 9.3% | ||
Digital Realty Trust, Inc. | 1,569,809 | 230,463,659 |
Equinix, Inc. | 408,930 | 363,465,163 |
593,928,822 | ||
Diversified REITs 2.0% | ||
Alexander & Baldwin, Inc. | 375,502 | 6,105,662 |
American Assets Trust, Inc. | 251,977 | 5,435,144 |
Armada Hoffler Properties, Inc. | 349,653 | 3,559,468 |
Broadstone Net Lease, Inc. | 970,456 | 14,469,499 |
Empire State Realty Trust, Inc., Class A | 676,534 | 6,745,044 |
Essential Properties Realty Trust, Inc. | 809,198 | 19,331,740 |
Global Net Lease, Inc. | 1,015,535 | 7,322,007 |
WP Carey, Inc. | 1,133,457 | 63,847,633 |
126,816,197 | ||
Health Care REITs 8.6% | ||
CareTrust REIT, Inc. | 617,283 | 13,925,905 |
Global Medical REIT, Inc. | 319,464 | 2,859,203 |
Healthcare Realty Trust, Inc. | 1,975,012 | 27,215,666 |
Healthpeak Properties, Inc. | 2,835,707 | 47,498,092 |
LTC Properties, Inc. | 214,717 | 6,754,997 |
Medical Properties Trust, Inc. (a) | 3,107,082 | 13,080,815 |
National Health Investors, Inc. | 225,007 | 12,931,152 |
Omega Healthcare Investors, Inc. | 1,269,936 | 39,520,408 |
Physicians Realty Trust | 1,236,110 | 13,881,515 |
Sabra Health Care REIT, Inc. | 1,198,308 | 16,632,515 |
Ventas, Inc. | 2,085,703 | 88,204,380 |
Welltower, Inc. | 2,868,881 | 264,396,073 |
546,900,721 | ||
Hotel & Resort REITs 3.3% | ||
Apple Hospitality REIT, Inc. | 1,102,936 | 17,746,240 |
DiamondRock Hospitality Co. | 1,087,593 | 10,223,374 |
Host Hotels & Resorts, Inc. | 3,656,597 | 75,837,822 |
Park Hotels & Resorts, Inc. | 1,087,893 | 18,059,024 |
Pebblebrook Hotel Trust | 625,305 | 9,904,831 |
RLJ Lodging Trust | 808,305 | 9,594,581 |
Ryman Hospitality Properties, Inc. | 309,516 | 36,671,456 |
Service Properties Trust | 859,434 | 5,844,151 |
Summit Hotel Properties, Inc. | 556,629 | 3,573,558 |
Sunstone Hotel Investors, Inc. | 1,064,131 | 11,907,626 |
Xenia Hotels & Resorts, Inc. | 549,439 | 8,428,394 |
207,791,057 | ||
Industrial REITs 14.0% | ||
Americold Realty Trust, Inc. | 1,381,482 | 34,951,495 |
EastGroup Properties, Inc. | 240,120 | 42,186,683 |
First Industrial Realty Trust, Inc. | 685,666 | 36,340,298 |
Innovative Industrial Properties, Inc. | 145,317 | 14,239,613 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
LXP Industrial Trust | 1,517,861 | 13,144,676 |
Plymouth Industrial REIT, Inc. | 189,698 | 4,091,786 |
Prologis, Inc. | 4,730,011 | 630,368,566 |
Rexford Industrial Realty, Inc. | 1,094,198 | 55,672,794 |
STAG Industrial, Inc. | 941,277 | 34,959,028 |
Terreno Realty Corp. | 434,931 | 27,966,063 |
893,921,002 | ||
Multi-Family Residential REITs 8.9% | ||
Apartment Income REIT Corp. | 761,598 | 23,091,651 |
Apartment Investment & Management Co., Class A * | 695,090 | 5,129,764 |
AvalonBay Communities, Inc. | 736,094 | 130,310,721 |
Camden Property Trust | 553,436 | 52,288,633 |
Centerspace | 77,907 | 4,330,850 |
Elme Communities | 455,554 | 5,867,536 |
Equity Residential | 1,791,135 | 107,844,238 |
Essex Property Trust, Inc. | 332,686 | 76,983,541 |
Independence Realty Trust, Inc. | 1,164,141 | 17,043,024 |
Mid-America Apartment Communities, Inc. | 604,837 | 76,015,914 |
NexPoint Residential Trust, Inc. | 118,682 | 3,466,701 |
UDR, Inc. | 1,568,579 | 55,684,555 |
Veris Residential, Inc. | 416,214 | 6,076,725 |
564,133,853 | ||
Office REITs 4.9% | ||
Alexandria Real Estate Equities, Inc. | 810,654 | 101,112,873 |
Boston Properties, Inc. | 748,380 | 48,435,154 |
Brandywine Realty Trust | 889,763 | 3,825,981 |
COPT Defense Properties | 582,810 | 14,121,486 |
Cousins Properties, Inc. | 786,067 | 17,930,188 |
Douglas Emmett, Inc. | 864,711 | 11,431,479 |
Easterly Government Properties, Inc. | 493,016 | 5,817,589 |
Equity Commonwealth * | 553,115 | 10,415,156 |
Highwoods Properties, Inc. | 547,372 | 13,383,245 |
Hudson Pacific Properties, Inc. | 656,988 | 4,165,304 |
JBG SMITH Properties | 451,997 | 7,494,110 |
Kilroy Realty Corp. | 553,248 | 20,962,567 |
NET Lease Office Properties | 75,953 | 1,852,494 |
Office Properties Income Trust | 253,675 | 677,312 |
Paramount Group, Inc. | 857,393 | 3,798,251 |
Peakstone Realty Trust (a) | 186,735 | 2,571,341 |
Piedmont Office Realty Trust, Inc., Class A | 639,588 | 4,010,217 |
SL Green Realty Corp. (a) | 333,975 | 16,191,108 |
Vornado Realty Trust | 828,839 | 21,798,466 |
309,994,321 | ||
Other Specialized REITs 7.0% | ||
EPR Properties | 390,194 | 16,029,170 |
Farmland Partners, Inc. | 226,467 | 2,672,311 |
Four Corners Property Trust, Inc. | 469,679 | 11,356,838 |
Gaming & Leisure Properties, Inc. | 1,384,062 | 62,947,140 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Iron Mountain, Inc. | 1,513,502 | 119,021,797 |
Lamar Advertising Co., Class A | 453,939 | 50,182,956 |
Outfront Media, Inc. | 753,484 | 10,827,565 |
Safehold, Inc. | 232,106 | 4,669,973 |
Uniti Group, Inc. | 1,237,506 | 7,251,785 |
VICI Properties, Inc. | 5,362,455 | 160,498,278 |
445,457,813 | ||
Retail REITs 13.8% | ||
Acadia Realty Trust | 493,449 | 8,087,629 |
Agree Realty Corp. | 520,796 | 28,617,740 |
Brixmor Property Group, Inc. | 1,558,315 | 35,233,502 |
Federal Realty Investment Trust | 380,779 | 38,401,562 |
Getty Realty Corp. | 248,876 | 6,560,371 |
InvenTrust Properties Corp. | 349,504 | 8,824,976 |
Kimco Realty Corp. | 3,447,018 | 68,113,076 |
Kite Realty Group Trust | 1,137,175 | 24,346,917 |
Macerich Co. | 1,116,069 | 18,314,692 |
NETSTREIT Corp. | 356,737 | 5,996,749 |
NNN REIT, Inc. | 945,706 | 38,480,777 |
Phillips Edison & Co., Inc. | 620,108 | 22,150,258 |
Realty Income Corp. | 4,310,650 | 224,627,972 |
Regency Centers Corp. | 851,518 | 52,751,540 |
Retail Opportunity Investments Corp. | 651,944 | 8,429,636 |
Simon Property Group, Inc. | 1,691,031 | 250,509,332 |
SITE Centers Corp. | 932,162 | 12,658,760 |
Tanger, Inc. | 546,327 | 15,739,681 |
Urban Edge Properties | 609,733 | 10,371,558 |
878,216,728 | ||
Self Storage REITs 7.1% | ||
CubeSmart | 1,165,535 | 50,828,981 |
Extra Space Storage, Inc. | 1,095,131 | 154,380,617 |
National Storage Affiliates Trust | 400,572 | 14,344,483 |
Public Storage | 820,286 | 232,854,587 |
452,408,668 | ||
Single-Family Residential REITs 5.0% | ||
American Homes 4 Rent, Class A | 1,648,575 | 61,013,761 |
Equity LifeStyle Properties, Inc. | 966,152 | 65,041,353 |
Invitation Homes, Inc. | 2,981,707 | 101,586,757 |
Sun Communities, Inc. | 645,033 | 86,279,614 |
UMH Properties, Inc. | 323,922 | 4,988,399 |
318,909,884 | ||
Telecom Tower REITs 13.2% | ||
American Tower Corp. | 2,386,405 | 474,560,498 |
Crown Castle, Inc. | 2,249,605 | 247,321,574 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SBA Communications Corp. | 559,224 | 117,006,437 |
838,888,509 | ||
Timber REITs 2.7% | ||
PotlatchDeltic Corp. | 411,328 | 18,596,139 |
Rayonier, Inc. | 707,308 | 24,352,614 |
Weyerhaeuser Co. | 3,783,921 | 130,091,205 |
173,039,958 | ||
Total Common Stocks (Cost $6,460,904,760) | 6,350,407,533 |
SHORT-TERM INVESTMENTS 0.4% OF NET ASSETS | ||
Money Market Funds 0.4% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (b) | 3,724,027 | 3,724,027 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (b)(c) | 18,130,960 | 18,130,960 |
21,854,987 | ||
Total Short-Term Investments (Cost $21,854,987) | 21,854,987 | |
Total Investments in Securities (Cost $6,482,759,747) | 6,372,262,520 |
NUMBER OF CONTRACTS | NOTIONAL AMOUNT ($) | CURRENT VALUE/ UNREALIZED APPRECIATION ($) | |
FUTURES CONTRACTS | |||
Long | |||
Dow Jones U.S. Real Estate Index, expires 03/15/24 | 305 | 10,437,100 | 102,466 |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $17,496,702. |
(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 | $6,350,407,533 | $— | $— | $6,350,407,533 |
Short-Term Investments1 | 21,854,987 | — | — | 21,854,987 |
Futures Contracts2 | 102,466 | — | — | 102,466 |
Total | $6,372,364,986 | $— | $— | $6,372,364,986 |
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 $6,482,759,747) including securities on loan of $17,496,702 | $6,372,262,520 | |
Deposit with broker for futures contracts | 556,500 | |
Receivables: | ||
Fund shares sold | 19,000,986 | |
Dividends | 6,711,721 | |
Variation margin on future contracts | 88,375 | |
Income from securities on loan | + | 12,374 |
Total assets | 6,398,632,476 | |
Liabilities | ||
Collateral held for securities on loan | 18,130,960 | |
Payables: | ||
Fund shares redeemed | 14,033,468 | |
Investments bought | 4,946,241 | |
Management fees | + | 346,544 |
Total liabilities | 37,457,213 | |
Net assets | $6,361,175,263 | |
Net Assets by Source | ||
Capital received from investors | $7,467,823,181 | |
Total distributable loss | + | (1,106,647,918 ) |
Net assets | $6,361,175,263 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$6,361,175,263 | 317,300,000 | $20.05 | ||
For the period March 1, 2023 through February 29, 2024 | ||
Investment Income | ||
Dividends received from securities - unaffiliated | $199,434,012 | |
Interest received from securities - unaffiliated | 74,309 | |
Securities on loan, net | + | 174,986 |
Total investment income | 199,683,307 | |
Expenses | ||
Management fees | 4,101,201 | |
Total expenses | – | 4,101,201 |
Net investment income | 195,582,106 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (99,988,265 ) | |
Net realized gains on sales of in-kind redemptions - unaffiliated | 183,423,581 | |
Net realized losses on futures contracts | + | (3,088,952 ) |
Net realized gains | 80,346,364 | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | (5,048,378 ) | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | 504,353 |
Net change in unrealized appreciation (depreciation) | + | (4,544,025 ) |
Net realized and unrealized gains | 75,802,339 | |
Increase in net assets resulting from operations | $271,384,445 |
OPERATIONS | |||
3/1/23-2/29/24 | 3/1/22-2/28/23 | ||
Net investment income | $195,582,106 | $170,738,808 | |
Net realized gains | 80,346,364 | 167,043,543 | |
Net change in unrealized appreciation (depreciation) | + | (4,544,025 ) | (1,108,350,266 ) |
Increase (decrease) in net assets resulting from operations | $271,384,445 | ($770,567,915 ) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($203,691,040 ) | ($139,086,455 ) |
TRANSACTIONS IN FUND SHARES1 | |||||
3/1/23-2/29/24 | 3/1/22-2/28/23 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 78,200,000 | $1,485,104,716 | 42,700,000 | $901,472,496 | |
Shares redeemed | + | (50,450,000 ) | (971,438,472 ) | (38,550,000 ) | (860,477,105 ) |
Net transactions in fund shares | 27,750,000 | $513,666,244 | 4,150,000 | $40,995,391 | |
SHARES OUTSTANDING AND NET ASSETS1 | |||||
3/1/23-2/29/24 | 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) | + | 27,750,000 | 581,359,649 | 4,150,000 | (868,658,979 ) |
End of period | 317,300,000 | $6,361,175,263 | 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 | |
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 | 0.6 % |
Schwab Target 2040 Index Fund | 0.8 % |
Schwab Target 2045 Index Fund | 0.6 % |
Schwab Target 2050 Index Fund | 0.8 % |
Schwab Target 2055 Index Fund | 0.5 % |
Schwab Target 2060 Index Fund | 0.6 % |
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:
EQUITY CONTRACTS | TOTAL | |
Asset Derivatives | ||
Futures Contracts1 | $102,466 | $102,466 |
1 | Includes cumulative unrealized appreciation of futures contracts as reported in the fund’s Portfolio Holdings. Only current day’s variation margin on futures contracts is reported within the Statement of Assets and Liabilities. |
EQUITY CONTRACTS | TOTAL | |
Net Realized Gains (Losses) | ||
Futures Contracts1 | ($3,088,952 ) | ($3,088,952 ) |
Net Change in Unrealized Appreciation (Depreciation) | ||
Futures Contracts2 | $504,353 | $504,353 |
1 | Statement of Operations location: Net realized gains (losses) on futures contracts. |
2 | Statement of Operations location: Net change in unrealized appreciation (depreciation) on futures contracts. |
Notional Amount | Number of Contracts |
$14,172,162 | 427 |
9. Purchases and Sales of Investment Securities:
PURCHASES OF SECURITIES | SALES OF SECURITIES |
$423,861,339 | $380,341,229 |
10. In-Kind Transactions:
IN-KIND PURCHASES OF SECURITIES | IN-KIND SALES OF SECURITIES |
$1,352,913,522 | $843,340,165 |
11. Federal Income Taxes:
TAX COST | GROSS UNREALIZED APPRECIATION | GROSS UNREALIZED DEPRECIATION | NET UNREALIZED APPRECIATION (DEPRECIATION) | |
$6,616,814,467 | $630,032,276 | ($874,481,757 ) | ($244,449,481 ) | |
UNDISTRIBUTED ORDINARY INCOME | NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS | CAPITAL LOSS CARRYFORWARDS AND OTHER LOSSES | TOTAL |
$20,301,260 | ($244,449,481 ) | ($882,499,697 ) | ($1,106,647,918 ) |
CURRENT FISCAL YEAR END DISTRIBUTIONS | PRIOR FISCAL YEAR END DISTRIBUTIONS | |
ORDINARY INCOME | ORDINARY INCOME | |
$203,691,040 | $139,086,455 |
12. Share Splits:
13. Subsequent Events:
Denver, Colorado
April 16, 2024
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.; Co-Chairman of the Board (July 2022 – present) and Director (Apr. 2006 – present), Charles Schwab Bank, SSB; Co-Chairman of the Board (July 2022 – present) and Director (Nov. 2017 – present), Charles Schwab Premier Bank, SSB; Co-Chairman of the Board (July 2022 – present) and 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.; Manager (Sept. 2023 – present), TD Ameritrade Holding LLC; Director (Oct. 2020 – Aug. 2023), 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, 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) | Chief Executive Officer (Jan. 2022 – present), President (Oct. 2023 – present), (Chief Investment Officer (Apr. 2011 – present) and Senior Vice President (Apr. 2011 – Jan. 2022), 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), President (Oct. 2023 – present), Chief Investment Officer (June 2011 – present) and Vice President (June 2011 – Sept. 2023), Schwab Funds, Laudus Trust and Schwab ETFs. |
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; Chief Financial Officer (Mar. 2020 – present), Chief Operating Officer (Oct. 2023 – present), Managing Director (Mar. 2023 – present) and Vice President (Oct. 2013 – Mar. 2023), Charles Schwab Investment Management, Inc. |
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.; Managing Director (May 2022 – present) and Vice President (Apr. 2022 – May 2022), Charles Schwab & Co., Inc. |
Patrick Cassidy 1964 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 2018) | Chief Investment Officer (Oct. 2023 – present) and Vice President (Feb. 2018 – present), Schwab Funds, Laudus Trust and Schwab ETFs; Managing Director (Mar. 2023 – present), Chief Investment Officer (Oct. 2023 – present), and Senior Vice President (Oct. 2012 – Mar. 2023), Charles Schwab Investment Management, Inc. |
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), Senior Vice President (Jan. 2020 – Mar. 2023) and Chief Investment Officer (Jan. 2020 – present) 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) | Chief Legal Officer (Mar. 2022 – present), Managing Director (Mar. 2023 – present) and Vice President (Sept. 2005 – Mar. 2023), Charles Schwab Investment Management, Inc.; Managing Director (May 2022 – present) and Vice President (Aug. 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. |
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.
No Action Required – Notice Regarding Shareholder Report Delivery |
Beginning on July 24, 2024, fund shareholder reports will be streamlined to highlight key information deemed important for investors to assess and monitor their fund investments. Other information, including financial statements, will not appear in the streamlined shareholder reports but will available online and delivered free of charge upon request. |
• If you already receive the full shareholder reports, you will receive the streamlined shareholder reports in the same way that you currently receive the full shareholder reports (either in paper or electronically). |
• If you currently receive a notification when a shareholder report is available on a fund’s website, beginning July 24, 2024, you will begin to receive the streamlined shareholder report (in paper). |
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44 | |
56 | |
69 | |
83 | |
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129 | |
132 |
Total Returns for the 12 Months Ended February 29, 2024 | |
Schwab Fundamental U.S. Broad Market Index ETF (Ticker Symbol: FNDB) | |
Market Price Return1 | 19.08% |
NAV Return1 | 19.24% |
Russell RAFITM US Index | 19.48% |
Russell 3000® Index | 28.60% |
ETF Category: Morningstar Large Value2 | 13.91% |
Performance Details | pages 6-8 |
Schwab Fundamental U.S. Large Company Index ETF (Ticker Symbol: FNDX) | |
Market Price Return1 | 20.04% |
NAV Return1 | 20.06% |
Russell RAFITM US Large Company Index | 20.31% |
Russell 1000® Index | 29.81% |
ETF Category: Morningstar Large Value2 | 13.91% |
Performance Details | pages 9-11 |
Schwab Fundamental U.S. Small Company Index ETF (Ticker Symbol: FNDA) | |
Market Price Return1 | 9.69% |
NAV Return1 | 9.64% 3 |
Russell RAFITM US Small Company Index | 9.83% |
Russell 2000® Index | 10.05% |
ETF Category: Morningstar Small Blend2 | 9.66% |
Performance Details | pages 12-14 |
Total Returns for the 12 Months Ended February 29, 2024 | |
Schwab Fundamental International Large Company Index ETF (Ticker Symbol: FNDF) | |
Market Price Return1 | 14.43% |
NAV Return1 | 14.06% |
Russell RAFITM Developed ex US Large Company Index (Net)* | 14.07% |
MSCI EAFE® Index (Net)* | 14.41% |
ETF Category: Morningstar Foreign Large Value2 | 11.32% |
Performance Details | pages 15-17 |
Schwab Fundamental International Small Company Index ETF (Ticker Symbol: FNDC) | |
Market Price Return1 | 8.53% |
NAV Return1 | 8.23% |
Russell RAFITM Developed ex US Small Company Index (Net)* | 8.46% |
S&P Developed ex-U.S. Small Cap Index (Net)* | 4.58% |
ETF Category: Morningstar Foreign Small/Mid Value2 | 10.23% |
Performance Details | pages 18-20 |
Schwab Fundamental Emerging Markets Large Company Index ETF (Ticker Symbol: FNDE) | |
Market Price Return1 | 12.52% |
NAV Return1 | 13.17% |
Russell RAFITM Emerging Markets Large Company Index (Net)* | 14.39% |
MSCI Emerging Markets Index (Net)* | 8.73% |
ETF Category: Morningstar Diversified Emerging Markets2 | 10.99% |
Performance Details | pages 21-23 |
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 | 1 Year | 5 Years | 10 Years |
Fund: Schwab Fundamental U.S. Broad Market Index ETF (8/15/13) | |||
Market Price Return2 | 19.08% | 13.46% | 11.11% |
NAV Return2 | 19.24% | 13.47% | 11.11% |
Russell RAFITM US Index | 19.48% | 13.73% | 11.38% |
Russell 3000® Index | 28.60% | 13.94% | 12.03% |
ETF Category: Morningstar Large Value3 | 13.91% | 9.88% | 8.74% |
Fund Expense Ratio4: 0.25% |
Number of Holdings | 1,681 |
Weighted Average Market Cap (millions) | $407,652 |
Price/Earnings Ratio (P/E) | 17.8 |
Price/Book Ratio (P/B) | 2.4 |
Portfolio Turnover Rate | 11% 2 |
Fund and Inception Date | 1 Year | 5 Years | 10 Years |
Fund: Schwab Fundamental U.S. Large Company Index ETF (8/15/13) | |||
Market Price Return2 | 20.04% | 13.77% | 11.32% |
NAV Return2 | 20.06% | 13.79% | 11.33% |
Russell RAFITM US Large Company Index | 20.31% | 14.05% | 11.61% |
Russell 1000® Index | 29.81% | 14.43% | 12.39% |
ETF Category: Morningstar Large Value3 | 13.91% | 9.88% | 8.74% |
Fund Expense Ratio4: 0.25% |
Number of Holdings | 728 |
Weighted Average Market Cap (millions) | $439,058 |
Price/Earnings Ratio (P/E) | 17.9 |
Price/Book Ratio (P/B) | 2.5 |
Portfolio Turnover Rate | 10% 2 |
Fund and Inception Date | 1 Year | 5 Years | 10 Years |
Fund: Schwab Fundamental U.S. Small Company Index ETF (8/15/13) | |||
Market Price Return2 | 9.69% | 9.29% | 8.33% |
NAV Return2 | 9.64% 3 | 9.30% | 8.35% |
Russell RAFITM US Small Company Index | 9.83% | 9.47% | 8.56% |
Russell 2000® Index | 10.05% | 6.89% | 7.13% |
ETF Category: Morningstar Small Blend4 | 9.66% | 8.05% | 7.29% |
Fund Expense Ratio5: 0.25% |
Number of Holdings | 952 |
Weighted Average Market Cap (millions) | $6,368 |
Price/Earnings Ratio (P/E) | 16.4 |
Price/Book Ratio (P/B) | 1.6 |
Portfolio Turnover Rate | 21% 2 |
Fund and Inception Date | 1 Year | 5 Years | 10 Years |
Fund: Schwab Fundamental International Large Company Index ETF (8/15/13) | |||
Market Price Return2 | 14.43% | 7.71% | 4.70% |
NAV Return2 | 14.06% | 7.70% | 4.75% |
Russell RAFITM Developed ex US Large Company Index (Net)3 | 14.07% | 7.72% | 4.83% |
MSCI EAFE® Index (Net)3 | 14.41% | 6.77% | 4.39% |
ETF Category: Morningstar Foreign Large Value4 | 11.32% | 5.65% | 3.23% |
Fund Expense Ratio5: 0.25% |
Number of Holdings | 925 |
Weighted Average Market Cap (millions) | $72,583 |
Price/Earnings Ratio (P/E) | 11.0 |
Price/Book Ratio (P/B) | 1.2 |
Portfolio Turnover Rate | 11% 2 |
Fund and Inception Date | 1 Year | 5 Years | 10 Years |
Fund: Schwab Fundamental International Small Company Index ETF (8/15/13) | |||
Market Price Return2 | 8.53% | 4.47% | 4.29% |
NAV Return2 | 8.23% | 4.45% | 4.39% |
Russell RAFITM Developed ex US Small Company Index (Net)3 | 8.46% | 4.72% | 4.69% |
S&P Developed ex-U.S. Small Cap Index (Net)3 | 4.58% | 3.85% | 3.77% |
ETF Category: Morningstar Foreign Small/Mid Value4 | 10.23% | 5.84% | 4.21% |
Fund Expense Ratio5: 0.39% |
Number of Holdings | 1,721 |
Weighted Average Market Cap (millions) | $3,966 |
Price/Earnings Ratio (P/E) | 12.5 |
Price/Book Ratio (P/B) | 1.1 |
Portfolio Turnover Rate | 22% 2 |
Fund and Inception Date | 1 Year | 5 Years | 10 Years |
Fund: Schwab Fundamental Emerging Markets Large Company Index ETF (8/15/13) | |||
Market Price Return2 | 12.52% | 3.51% | 3.94% |
NAV Return2 | 13.17% | 3.62% | 4.03% |
Russell RAFITM Emerging Markets Large Company Index (Net)3 | 14.39% | 3.96% | 4.53% |
MSCI Emerging Markets Index (Net)3 | 8.73% | 1.89% | 3.01% |
ETF Category: Morningstar Diversified Emerging Markets4 | 10.99% | 3.07% | 2.98% |
Fund Expense Ratio5: 0.39% |
Number of Holdings | 365 |
Weighted Average Market Cap (millions) | $88,047 |
Price/Earnings Ratio (P/E) | 8.3 |
Price/Book Ratio (P/B) | 1.2 |
Portfolio Turnover Rate | 16% 2 |
EXPENSE RATIO (ANNUALIZED) 1 | BEGINNING ACCOUNT VALUE AT 9/1/23 | ENDING ACCOUNT VALUE (NET OF EXPENSES) AT 2/29/24 | EXPENSES PAID DURING PERIOD 9/1/23-2/29/24 2 | |
Schwab Fundamental U.S. Broad Market Index ETF | ||||
Actual Return | 0.25% | $1,000.00 | $1,115.80 | $1.32 |
Hypothetical 5% Return | 0.25% | $1,000.00 | $1,023.62 | $1.26 |
Schwab Fundamental U.S. Large Company Index ETF | ||||
Actual Return | 0.25% | $1,000.00 | $1,118.40 | $1.32 |
Hypothetical 5% Return | 0.25% | $1,000.00 | $1,023.62 | $1.26 |
Schwab Fundamental U.S. Small Company Index ETF | ||||
Actual Return | 0.25% | $1,000.00 | $1,085.70 | $1.30 |
Hypothetical 5% Return | 0.25% | $1,000.00 | $1,023.62 | $1.26 |
Schwab Fundamental International Large Company Index ETF | ||||
Actual Return | 0.25% | $1,000.00 | $1,078.50 | $1.29 |
Hypothetical 5% Return | 0.25% | $1,000.00 | $1,023.62 | $1.26 |
Schwab Fundamental International Small Company Index ETF | ||||
Actual Return | 0.39% | $1,000.00 | $1,045.60 | $1.98 |
Hypothetical 5% Return | 0.39% | $1,000.00 | $1,022.92 | $1.96 |
Schwab Fundamental Emerging Markets Large Company Index ETF | ||||
Actual Return | 0.39% | $1,000.00 | $1,068.20 | $2.01 |
Hypothetical 5% Return | 0.39% | $1,000.00 | $1,022.92 | $1.96 |
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 182 days in the period, and divided by 366 days in the fiscal year. |
3/1/23– 2/29/24 | 3/1/22– 2/28/23 | 3/1/21– 2/28/22 | 3/1/20– 2/28/21 | 3/1/19– 2/29/20 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $54.33 | $56.34 | $48.26 | $37.17 | $37.60 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 1.15 | 1.08 | 0.98 | 0.92 | 0.94 | |
Net realized and unrealized gains (losses) | 9.13 | (2.05 ) | 8.04 | 11.13 | (0.43 ) | |
Total from investment operations | 10.28 | (0.97 ) | 9.02 | 12.05 | 0.51 | |
Less distributions: | ||||||
Distributions from net investment income | (1.10 ) | (1.04 ) | (0.94 ) | (0.96 ) | (0.94 ) | |
Net asset value at end of period | $63.51 | $54.33 | $56.34 | $48.26 | $37.17 | |
Total return | 19.24 % | (1.63 %) | 18.80 % | 33.35 % | 1.25 % | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.25 % | 0.25 %2 | 0.25 % | 0.25 % | 0.25 % | |
Net investment income (loss) | 2.03 % | 2.02 % | 1.79 % | 2.36 % | 2.38 % | |
Portfolio turnover rate3 | 11 % | 12 % | 13 % | 14 % | 13 % | |
Net assets, end of period (x 1,000) | $705,005 | $486,280 | $425,341 | $284,726 | $262,018 |
1 | Calculated based on the average shares outstanding during the period. |
2 | Ratio includes less than 0.005% of non-routine proxy expenses. |
3 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY | NUMBER OF SHARES | VALUE ($) |
COMMON STOCKS 99.8% OF NET ASSETS | ||
Automobiles & Components 1.6% | ||
Adient PLC * | 3,928 | 133,316 |
American Axle & Manufacturing Holdings, Inc. * | 9,713 | 67,214 |
Aptiv PLC * | 5,422 | 430,995 |
Autoliv, Inc. | 2,520 | 292,396 |
BorgWarner, Inc. | 8,716 | 271,329 |
Cooper-Standard Holdings, Inc. * | 3,124 | 43,923 |
Dana, Inc. | 9,819 | 122,737 |
Dorman Products, Inc. * | 565 | 53,234 |
Ford Motor Co. | 195,506 | 2,432,095 |
Fox Factory Holding Corp. * | 369 | 18,668 |
General Motors Co. | 105,057 | 4,305,236 |
Gentex Corp. | 6,721 | 245,518 |
Gentherm, Inc. * | 786 | 44,692 |
Goodyear Tire & Rubber Co. * | 24,592 | 292,153 |
Harley-Davidson, Inc. | 4,603 | 166,951 |
LCI Industries | 754 | 94,989 |
Lear Corp. | 3,414 | 468,913 |
Modine Manufacturing Co. * | 1,163 | 104,333 |
Patrick Industries, Inc. | 756 | 90,675 |
Phinia, Inc. | 1,686 | 57,695 |
Standard Motor Products, Inc. | 1,132 | 35,952 |
Stoneridge, Inc. * | 1,347 | 23,667 |
Tesla, Inc. * | 3,462 | 698,908 |
Thor Industries, Inc. | 2,445 | 313,400 |
Visteon Corp. * | 454 | 51,356 |
Winnebago Industries, Inc. | 1,142 | 81,916 |
10,942,261 | ||
Banks 7.4% | ||
1st Source Corp. | 308 | 15,332 |
Ameris Bancorp | 1,000 | 46,330 |
Associated Banc-Corp. | 4,624 | 96,364 |
Axos Financial, Inc. * | 846 | 44,094 |
BancFirst Corp. | 186 | 16,320 |
Bank of America Corp. | 230,326 | 7,950,854 |
Bank of Hawaii Corp. | 1,018 | 61,365 |
Bank of NT Butterfield & Son Ltd. | 1,370 | 40,949 |
Bank OZK | 2,038 | 89,264 |
BankUnited, Inc. | 3,842 | 103,042 |
Banner Corp. | 930 | 40,771 |
BOK Financial Corp. | 569 | 48,371 |
Brookline Bancorp, Inc. | 1,692 | 16,531 |
Cadence Bank | 3,147 | 87,109 |
Capitol Federal Financial, Inc. | 5,219 | 30,218 |
Cathay General Bancorp | 1,669 | 65,174 |
Central Pacific Financial Corp. | 952 | 17,764 |
Citigroup, Inc. | 139,789 | 7,756,892 |
Citizens Financial Group, Inc. | 16,980 | 533,002 |
City Holding Co. | 225 | 22,608 |
Columbia Banking System, Inc. | 4,683 | 84,762 |
Comerica, Inc. | 6,995 | 345,413 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Commerce Bancshares, Inc. | 1,641 | 85,398 |
Community Bank System, Inc. | 859 | 38,913 |
ConnectOne Bancorp, Inc. | 811 | 16,050 |
Credicorp Ltd. | 2,030 | 346,886 |
Cullen/Frost Bankers, Inc. | 830 | 90,063 |
Customers Bancorp, Inc. * | 756 | 41,058 |
CVB Financial Corp. | 2,467 | 41,988 |
Eagle Bancorp, Inc. | 1,177 | 28,036 |
East West Bancorp, Inc. | 2,266 | 165,101 |
Eastern Bankshares, Inc. | 1,853 | 23,941 |
Enterprise Financial Services Corp. | 452 | 18,044 |
Fifth Third Bancorp | 22,512 | 773,062 |
First BanCorp | 2,813 | 47,765 |
First Bancorp/Southern Pines NC | 499 | 17,026 |
First Busey Corp. | 1,262 | 29,102 |
First Citizens BancShares, Inc., Class A | 69 | 108,593 |
First Commonwealth Financial Corp. | 1,917 | 24,979 |
First Financial Bancorp | 2,127 | 46,156 |
First Financial Bankshares, Inc. | 1,160 | 35,890 |
First Hawaiian, Inc. | 4,140 | 86,774 |
First Horizon Corp. | 11,028 | 155,495 |
First Interstate BancSystem, Inc., Class A | 1,388 | 36,532 |
First Merchants Corp. | 1,137 | 37,748 |
FNB Corp. | 7,558 | 100,824 |
Fulton Financial Corp. | 3,905 | 60,137 |
Glacier Bancorp, Inc. | 1,650 | 61,743 |
Hancock Whitney Corp. | 1,914 | 83,450 |
Hanmi Financial Corp. | 984 | 14,868 |
Heartland Financial USA, Inc. | 890 | 30,260 |
Heritage Financial Corp. | 929 | 17,047 |
Hilltop Holdings, Inc. | 1,756 | 54,225 |
HomeStreet, Inc. | 2,460 | 34,317 |
Hope Bancorp, Inc. | 4,325 | 47,445 |
Huntington Bancshares, Inc. | 30,249 | 394,447 |
Independent Bank Corp. | 507 | 26,450 |
Independent Bank Group, Inc. | 728 | 31,835 |
International Bancshares Corp. | 968 | 50,230 |
JPMorgan Chase & Co. | 72,061 | 13,407,670 |
Kearny Financial Corp. | 2,301 | 14,634 |
KeyCorp | 40,777 | 581,888 |
Lakeland Bancorp, Inc. | 1,061 | 12,392 |
Lakeland Financial Corp. | 315 | 20,066 |
M&T Bank Corp. | 4,312 | 602,559 |
NBT Bancorp, Inc. | 808 | 27,787 |
New York Community Bancorp, Inc. | 13,082 | 62,663 |
Northwest Bancshares, Inc. | 2,850 | 32,661 |
OceanFirst Financial Corp. | 1,174 | 17,845 |
OFG Bancorp | 821 | 29,737 |
Old National Bancorp | 4,174 | 68,579 |
Pacific Premier Bancorp, Inc. | 1,805 | 41,262 |
Park National Corp. | 278 | 35,726 |
Pathward Financial, Inc. | 473 | 24,047 |
Pinnacle Financial Partners, Inc. | 1,042 | 86,194 |
PNC Financial Services Group, Inc. | 11,351 | 1,670,867 |
Popular, Inc. | 2,588 | 216,564 |
Premier Financial Corp. | 861 | 16,686 |
Prosperity Bancshares, Inc. | 1,427 | 89,059 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Provident Financial Services, Inc. | 1,671 | 25,199 |
Regions Financial Corp. | 22,156 | 412,766 |
Renasant Corp. | 1,148 | 36,288 |
S&T Bancorp, Inc. | 847 | 26,418 |
Sandy Spring Bancorp, Inc. | 1,239 | 27,233 |
Simmons First National Corp., Class A | 3,307 | 63,494 |
Southside Bancshares, Inc. | 688 | 19,718 |
SouthState Corp. | 922 | 77,485 |
Synovus Financial Corp. | 3,892 | 147,663 |
Texas Capital Bancshares, Inc. * | 894 | 52,433 |
Tompkins Financial Corp. | 329 | 15,845 |
Towne Bank | 1,249 | 33,860 |
TriCo Bancshares | 399 | 13,331 |
Truist Financial Corp. | 35,020 | 1,225,000 |
Trustmark Corp. | 1,818 | 48,831 |
U.S. Bancorp | 47,152 | 1,978,498 |
UMB Financial Corp. | 790 | 64,472 |
United Bankshares, Inc. | 2,353 | 81,626 |
United Community Banks, Inc. | 1,352 | 35,166 |
Valley National Bancorp | 8,463 | 69,312 |
Veritex Holdings, Inc. | 1,135 | 22,280 |
WaFd, Inc. | 2,290 | 62,380 |
Washington Trust Bancorp, Inc. | 514 | 13,230 |
Webster Financial Corp. | 1,849 | 88,086 |
Wells Fargo & Co. | 159,789 | 8,882,671 |
WesBanco, Inc. | 1,624 | 47,064 |
Westamerica BanCorp | 384 | 17,553 |
Western Alliance Bancorp | 1,589 | 91,733 |
Wintrust Financial Corp. | 989 | 95,290 |
WSFS Financial Corp. | 761 | 32,259 |
Zions Bancorp NA | 7,661 | 302,073 |
51,982,550 | ||
Capital Goods 7.1% | ||
3M Co. | 20,407 | 1,879,893 |
A O Smith Corp. | 2,271 | 188,266 |
AAON, Inc. | 400 | 33,592 |
AAR Corp. * | 1,015 | 67,782 |
Acuity Brands, Inc. | 1,089 | 273,600 |
Advanced Drainage Systems, Inc. | 418 | 68,234 |
AECOM | 3,109 | 276,172 |
AerCap Holdings NV * | 2,448 | 188,937 |
AGCO Corp. | 1,821 | 199,764 |
Air Lease Corp. | 2,962 | 118,776 |
Alamo Group, Inc. | 199 | 40,256 |
Albany International Corp., Class A | 549 | 51,535 |
Allegion PLC | 1,272 | 162,651 |
Allison Transmission Holdings, Inc. | 4,078 | 307,196 |
American Woodmark Corp. * | 920 | 92,221 |
AMETEK, Inc. | 1,870 | 336,937 |
API Group Corp. * | 2,172 | 76,129 |
Apogee Enterprises, Inc. | 1,056 | 60,414 |
Applied Industrial Technologies, Inc. | 588 | 111,655 |
Arcosa, Inc. | 1,040 | 86,320 |
Argan, Inc. | 506 | 23,711 |
Armstrong World Industries, Inc. | 987 | 119,042 |
Astec Industries, Inc. | 1,038 | 42,143 |
Atkore, Inc. | 488 | 82,667 |
AZEK Co., Inc. * | 1,015 | 48,832 |
AZZ, Inc. | 996 | 72,509 |
Barnes Group, Inc. | 1,955 | 68,308 |
Beacon Roofing Supply, Inc. * | 1,325 | 113,804 |
Boeing Co. * | 6,874 | 1,400,371 |
Boise Cascade Co. | 1,877 | 255,103 |
BWX Technologies, Inc. | 1,305 | 131,583 |
Carlisle Cos., Inc. | 890 | 311,500 |
Carrier Global Corp. | 12,571 | 698,696 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Caterpillar, Inc. | 8,558 | 2,858,030 |
CNH Industrial NV | 9,042 | 108,052 |
Columbus McKinnon Corp. | 721 | 30,116 |
Comfort Systems USA, Inc. | 412 | 125,961 |
Construction Partners, Inc., Class A * | 612 | 29,425 |
Core & Main, Inc., Class A * | 834 | 39,807 |
Crane Co. | 700 | 85,092 |
CSW Industrials, Inc. | 122 | 28,108 |
Cummins, Inc. | 4,153 | 1,115,537 |
Curtiss-Wright Corp. | 648 | 153,103 |
Deere & Co. | 3,318 | 1,211,236 |
DNOW, Inc. * | 6,252 | 88,466 |
Donaldson Co., Inc. | 2,123 | 152,049 |
Douglas Dynamics, Inc. | 543 | 13,629 |
Dover Corp. | 2,290 | 378,720 |
Ducommun, Inc. * | 358 | 17,084 |
DXP Enterprises, Inc. * | 593 | 21,063 |
Dycom Industries, Inc. * | 964 | 121,936 |
Eaton Corp. PLC | 5,871 | 1,696,719 |
EMCOR Group, Inc. | 1,204 | 377,478 |
Emerson Electric Co. | 11,263 | 1,203,452 |
Encore Wire Corp. | 432 | 104,112 |
Enerpac Tool Group Corp. | 727 | 24,507 |
EnerSys | 1,091 | 100,241 |
Enpro, Inc. | 339 | 52,823 |
Esab Corp. | 850 | 84,252 |
ESCO Technologies, Inc. | 337 | 34,337 |
Fastenal Co. | 6,733 | 491,576 |
Federal Signal Corp. | 844 | 69,132 |
Flowserve Corp. | 3,076 | 130,176 |
Fluor Corp. * | 3,868 | 142,342 |
Fortive Corp. | 3,054 | 259,987 |
Fortune Brands Innovations, Inc. | 3,524 | 286,642 |
Franklin Electric Co., Inc. | 637 | 66,223 |
FTAI Aviation Ltd. | 1,350 | 75,991 |
Gates Industrial Corp. PLC * | 3,525 | 51,888 |
GATX Corp. | 922 | 116,946 |
Generac Holdings, Inc. * | 824 | 92,708 |
General Dynamics Corp. | 5,557 | 1,518,450 |
General Electric Co. | 9,457 | 1,483,709 |
Gibraltar Industries, Inc. * | 706 | 54,680 |
GMS, Inc. * | 1,217 | 108,690 |
Gorman-Rupp Co. | 721 | 26,915 |
Graco, Inc. | 1,645 | 150,123 |
GrafTech International Ltd. | 21,324 | 37,530 |
Granite Construction, Inc. | 1,664 | 85,746 |
Great Lakes Dredge & Dock Corp. * | 3,296 | 29,466 |
Greenbrier Cos., Inc. | 2,146 | 111,055 |
Griffon Corp. | 934 | 66,688 |
H&E Equipment Services, Inc. | 1,044 | 58,976 |
HEICO Corp. | 518 | 100,181 |
Herc Holdings, Inc. | 588 | 93,304 |
Hexcel Corp. | 1,518 | 113,030 |
Hillenbrand, Inc. | 1,537 | 73,084 |
Hillman Solutions Corp. * | 3,154 | 30,720 |
Honeywell International, Inc. | 11,419 | 2,269,298 |
Howmet Aerospace, Inc. | 5,429 | 361,300 |
Hubbell, Inc. | 637 | 242,487 |
Huntington Ingalls Industries, Inc. | 1,224 | 356,943 |
IDEX Corp. | 734 | 173,151 |
Illinois Tool Works, Inc. | 4,044 | 1,060,135 |
Ingersoll Rand, Inc. | 2,192 | 200,195 |
ITT, Inc. | 1,400 | 176,596 |
JELD-WEN Holding, Inc. * | 6,411 | 116,680 |
John Bean Technologies Corp. | 492 | 49,928 |
Johnson Controls International PLC | 14,314 | 848,391 |
Kadant, Inc. | 127 | 42,837 |
Kaman Corp. | 1,663 | 76,182 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Kennametal, Inc. | 3,071 | 77,512 |
Kratos Defense & Security Solutions, Inc. * | 1,448 | 26,412 |
L3Harris Technologies, Inc. | 4,653 | 984,854 |
Lennox International, Inc. | 425 | 200,264 |
Lincoln Electric Holdings, Inc. | 712 | 182,699 |
Lindsay Corp. | 154 | 18,374 |
Lockheed Martin Corp. | 4,291 | 1,837,578 |
Manitowoc Co., Inc. * | 2,518 | 35,101 |
Masco Corp. | 5,304 | 407,135 |
Masonite International Corp. * | 848 | 110,444 |
MasTec, Inc. * | 1,880 | 141,865 |
McGrath RentCorp | 407 | 50,663 |
MDU Resources Group, Inc. | 6,193 | 134,264 |
Mercury Systems, Inc. * | 703 | 20,999 |
Middleby Corp. * | 810 | 123,250 |
Moog, Inc., Class A | 669 | 100,317 |
MRC Global, Inc. * | 4,359 | 50,259 |
MSC Industrial Direct Co., Inc., Class A | 1,219 | 123,046 |
Mueller Industries, Inc. | 3,116 | 160,100 |
Mueller Water Products, Inc., Class A | 3,418 | 53,150 |
MYR Group, Inc. * | 388 | 63,034 |
National Presto Industries, Inc. | 247 | 19,100 |
Nordson Corp. | 550 | 146,107 |
Northrop Grumman Corp. | 2,686 | 1,238,300 |
nVent Electric PLC | 2,534 | 170,589 |
Oshkosh Corp. | 2,619 | 290,342 |
Otis Worldwide Corp. | 3,507 | 334,217 |
Owens Corning | 2,620 | 392,424 |
PACCAR, Inc. | 9,852 | 1,092,488 |
Parker-Hannifin Corp. | 1,512 | 809,600 |
Pentair PLC | 3,062 | 238,193 |
PGT Innovations, Inc. * | 914 | 38,178 |
Primoris Services Corp. | 2,419 | 95,575 |
Proto Labs, Inc. * | 958 | 34,900 |
Quanex Building Products Corp. | 1,337 | 46,233 |
Quanta Services, Inc. | 1,856 | 448,243 |
RBC Bearings, Inc. * | 147 | 40,106 |
Regal Rexnord Corp. | 1,203 | 206,302 |
Resideo Technologies, Inc. * | 6,645 | 148,383 |
REV Group, Inc. | 2,117 | 43,695 |
Rockwell Automation, Inc. | 1,306 | 372,314 |
RTX Corp. | 19,990 | 1,792,503 |
Rush Enterprises, Inc., Class A | 2,623 | 127,740 |
Sensata Technologies Holding PLC | 3,783 | 130,211 |
Shyft Group, Inc. | 1,419 | 14,630 |
Simpson Manufacturing Co., Inc. | 565 | 117,904 |
SiteOne Landscape Supply, Inc. * | 491 | 82,724 |
Snap-on, Inc. | 1,072 | 295,508 |
Spirit AeroSystems Holdings, Inc., Class A * | 4,475 | 127,985 |
SPX Technologies, Inc. * | 393 | 46,056 |
Standex International Corp. | 225 | 38,925 |
Stanley Black & Decker, Inc. | 5,773 | 515,471 |
Sterling Infrastructure, Inc. * | 481 | 51,294 |
Stratasys Ltd. * | 1,367 | 16,882 |
Tennant Co. | 451 | 51,049 |
Terex Corp. | 1,737 | 99,617 |
Textainer Group Holdings Ltd. | 1,020 | 50,898 |
Textron, Inc. | 5,106 | 454,791 |
Timken Co. | 1,557 | 130,772 |
Titan Machinery, Inc. * | 916 | 23,111 |
Toro Co. | 1,371 | 126,557 |
TPI Composites, Inc. * | 3,898 | 10,875 |
Trane Technologies PLC | 2,431 | 685,469 |
TransDigm Group, Inc. | 473 | 557,071 |
Trex Co., Inc. * | 956 | 87,723 |
Trinity Industries, Inc. | 3,189 | 80,937 |
Tutor Perini Corp. * | 8,885 | 100,667 |
UFP Industries, Inc. | 1,897 | 217,453 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
United Rentals, Inc. | 1,294 | 897,091 |
Valmont Industries, Inc. | 349 | 73,964 |
Vertiv Holdings Co. | 1,596 | 107,922 |
Wabash National Corp. | 2,056 | 56,088 |
Watsco, Inc. | 502 | 197,848 |
Watts Water Technologies, Inc., Class A | 354 | 72,198 |
WESCO International, Inc. | 1,182 | 176,697 |
Westinghouse Air Brake Technologies Corp. | 2,518 | 355,768 |
WillScot Mobile Mini Holdings Corp. * | 1,078 | 51,474 |
Woodward, Inc. | 868 | 122,813 |
WW Grainger, Inc. | 549 | 534,430 |
Xylem, Inc. | 2,216 | 281,543 |
Zurn Elkay Water Solutions Corp. | 769 | 24,416 |
50,237,699 | ||
Commercial & Professional Services 1.5% | ||
ABM Industries, Inc. | 2,948 | 121,782 |
ACCO Brands Corp. | 9,117 | 50,873 |
ASGN, Inc. * | 1,434 | 142,425 |
Automatic Data Processing, Inc. | 3,620 | 909,091 |
Barrett Business Services, Inc. | 185 | 22,568 |
Booz Allen Hamilton Holding Corp., Class A | 1,921 | 283,751 |
BrightView Holdings, Inc. * | 4,566 | 39,770 |
Brink's Co. | 927 | 76,783 |
Broadridge Financial Solutions, Inc. | 1,248 | 254,068 |
CACI International, Inc., Class A * | 514 | 192,673 |
Casella Waste Systems, Inc., Class A * | 277 | 24,958 |
CBIZ, Inc. * | 616 | 46,526 |
Cimpress PLC * | 689 | 67,529 |
Cintas Corp. | 819 | 514,832 |
Clarivate PLC * | 4,415 | 31,700 |
Clean Harbors, Inc. * | 632 | 115,087 |
Concentrix Corp. | 1,146 | 83,028 |
Conduent, Inc. * | 13,073 | 44,971 |
Copart, Inc. * | 3,259 | 173,216 |
CoreCivic, Inc. * | 8,591 | 130,841 |
CRA International, Inc. | 134 | 17,760 |
CSG Systems International, Inc. | 692 | 37,755 |
Dayforce, Inc. * | 294 | 20,509 |
Deluxe Corp. | 3,948 | 76,631 |
Dun & Bradstreet Holdings, Inc. | 4,620 | 48,695 |
Ennis, Inc. | 1,023 | 20,787 |
Enviri Corp. * | 5,415 | 42,562 |
Equifax, Inc. | 866 | 236,929 |
ExlService Holdings, Inc. * | 1,504 | 46,804 |
Exponent, Inc. | 321 | 25,966 |
FTI Consulting, Inc. * | 556 | 115,025 |
Genpact Ltd. | 3,747 | 127,398 |
GEO Group, Inc. * | 10,559 | 129,559 |
Healthcare Services Group, Inc. * | 5,350 | 68,266 |
Heidrick & Struggles International, Inc. | 638 | 21,692 |
HNI Corp. | 2,129 | 95,400 |
Huron Consulting Group, Inc. * | 282 | 27,673 |
ICF International, Inc. | 357 | 55,281 |
Insperity, Inc. | 420 | 42,752 |
Interface, Inc. | 3,491 | 54,878 |
Jacobs Solutions, Inc. | 2,629 | 385,543 |
KBR, Inc. | 2,041 | 122,521 |
Kelly Services, Inc., Class A | 5,088 | 124,809 |
Kforce, Inc. | 687 | 47,843 |
Korn Ferry | 1,536 | 97,782 |
Leidos Holdings, Inc. | 3,673 | 469,630 |
ManpowerGroup, Inc. | 4,579 | 330,421 |
Matthews International Corp., Class A | 1,058 | 30,619 |
Maximus, Inc. | 1,419 | 118,714 |
MillerKnoll, Inc. | 3,727 | 113,860 |
MSA Safety, Inc. | 313 | 57,639 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
NV5 Global, Inc. * | 151 | 15,358 |
OPENLANE, Inc. * | 4,752 | 72,563 |
Parsons Corp. * | 614 | 49,495 |
Paychex, Inc. | 3,088 | 378,651 |
Paycom Software, Inc. | 152 | 27,723 |
Pitney Bowes, Inc. | 14,496 | 58,419 |
Republic Services, Inc. | 2,479 | 455,144 |
Resources Connection, Inc. | 1,648 | 22,792 |
Robert Half, Inc. | 3,193 | 256,717 |
Rollins, Inc. | 1,435 | 63,240 |
Science Applications International Corp. | 1,394 | 195,104 |
SP Plus Corp. * | 399 | 20,513 |
SS&C Technologies Holdings, Inc. | 3,370 | 214,871 |
Steelcase, Inc., Class A | 7,916 | 108,766 |
Stericycle, Inc. * | 1,636 | 88,982 |
Tetra Tech, Inc. | 588 | 104,264 |
TransUnion | 1,896 | 147,186 |
TriNet Group, Inc. * | 542 | 69,381 |
TrueBlue, Inc. * | 3,430 | 40,302 |
TTEC Holdings, Inc. | 733 | 12,791 |
UniFirst Corp. | 432 | 72,887 |
Veralto Corp. | 1,337 | 115,544 |
Verisk Analytics, Inc. | 1,072 | 259,317 |
Verra Mobility Corp. * | 1,133 | 24,495 |
Vestis Corp. | 2,865 | 53,747 |
Waste Management, Inc. | 5,440 | 1,118,736 |
10,585,163 | ||
Consumer Discretionary Distribution & Retail 4.8% | ||
1-800-Flowers.com, Inc., Class A * | 1,871 | 19,496 |
Aaron's Co., Inc. | 4,094 | 31,729 |
Abercrombie & Fitch Co., Class A * | 2,536 | 323,999 |
Academy Sports & Outdoors, Inc. | 2,108 | 157,510 |
Advance Auto Parts, Inc. | 3,648 | 246,386 |
Amazon.com, Inc. * | 57,355 | 10,138,070 |
American Eagle Outfitters, Inc. | 6,749 | 160,289 |
America's Car-Mart, Inc. * | 235 | 15,825 |
Arko Corp. | 2,642 | 17,252 |
Asbury Automotive Group, Inc. * | 587 | 122,583 |
AutoNation, Inc. * | 2,078 | 311,284 |
AutoZone, Inc. * | 128 | 384,771 |
Bath & Body Works, Inc. | 6,180 | 282,426 |
Best Buy Co., Inc. | 12,987 | 1,050,389 |
Beyond, Inc. * | 2,362 | 79,198 |
Big 5 Sporting Goods Corp. | 3,271 | 15,701 |
Big Lots, Inc. | 22,478 | 121,831 |
Boot Barn Holdings, Inc. * | 384 | 35,520 |
Buckle, Inc. | 1,089 | 44,584 |
Burlington Stores, Inc. * | 754 | 154,645 |
Caleres, Inc. | 1,145 | 44,208 |
Camping World Holdings, Inc., Class A | 972 | 25,943 |
CarMax, Inc. * | 5,684 | 449,036 |
Children's Place, Inc. * | 1,127 | 21,683 |
Citi Trends, Inc. * | 1,072 | 33,232 |
Conn's, Inc. * | 5,052 | 20,309 |
Container Store Group, Inc. * | 6,206 | 8,564 |
ContextLogic, Inc., Class A * | 4,288 | 27,872 |
Designer Brands, Inc., Class A | 3,738 | 39,473 |
Dick's Sporting Goods, Inc. | 1,604 | 285,336 |
Dillard's, Inc., Class A | 154 | 63,868 |
eBay, Inc. | 21,542 | 1,018,506 |
Etsy, Inc. * | 852 | 61,080 |
Five Below, Inc. * | 323 | 64,820 |
Floor & Decor Holdings, Inc., Class A * | 618 | 74,852 |
Foot Locker, Inc. | 7,709 | 265,421 |
GameStop Corp., Class A *(a) | 5,651 | 80,640 |
Gap, Inc. | 15,853 | 300,256 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Genesco, Inc. * | 1,276 | 40,730 |
Genuine Parts Co. | 2,481 | 370,314 |
Group 1 Automotive, Inc. | 861 | 233,030 |
Guess?, Inc. | 1,834 | 46,547 |
Haverty Furniture Cos., Inc. | 1,028 | 35,260 |
Hibbett, Inc. | 954 | 78,180 |
Home Depot, Inc. | 14,740 | 5,610,191 |
Kohl's Corp. | 23,674 | 659,794 |
Leslie's, Inc. * | 1,966 | 15,531 |
Lithia Motors, Inc. | 1,174 | 351,096 |
LKQ Corp. | 7,239 | 378,527 |
LL Flooring Holdings, Inc. * | 5,029 | 10,762 |
Lowe's Cos., Inc. | 10,860 | 2,613,676 |
Macy's, Inc. | 23,584 | 411,305 |
MarineMax, Inc. * | 1,515 | 50,298 |
MercadoLibre, Inc. * | 32 | 51,050 |
Monro, Inc. | 1,139 | 38,236 |
Murphy USA, Inc. | 681 | 283,984 |
National Vision Holdings, Inc. * | 1,882 | 44,039 |
Nordstrom, Inc. | 7,848 | 164,573 |
ODP Corp. * | 3,377 | 190,733 |
Ollie's Bargain Outlet Holdings, Inc. * | 1,053 | 84,419 |
O'Reilly Automotive, Inc. * | 630 | 685,075 |
Penske Automotive Group, Inc. | 951 | 145,979 |
Petco Health & Wellness Co., Inc. * | 4,139 | 10,761 |
PetMed Express, Inc. | 1,600 | 8,096 |
Pool Corp. | 369 | 146,906 |
Qurate Retail, Inc. * | 374,572 | 528,147 |
RH * | 222 | 60,917 |
Ross Stores, Inc. | 3,752 | 558,898 |
Sally Beauty Holdings, Inc. * | 7,380 | 93,209 |
Shoe Carnival, Inc. | 1,022 | 33,491 |
Signet Jewelers Ltd. | 1,295 | 131,779 |
Sleep Number Corp. * | 3,390 | 56,003 |
Sonic Automotive, Inc., Class A | 1,417 | 74,393 |
Stitch Fix, Inc., Class A * | 7,279 | 23,511 |
TJX Cos., Inc. | 14,202 | 1,407,986 |
Tractor Supply Co. | 1,464 | 372,325 |
Ulta Beauty, Inc. * | 463 | 253,983 |
Upbound Group, Inc. | 2,244 | 75,757 |
Urban Outfitters, Inc. * | 2,812 | 116,839 |
Valvoline, Inc. * | 2,235 | 95,300 |
Victoria's Secret & Co. * | 3,825 | 109,242 |
Vroom, Inc. * | 453 | 5,300 |
Wayfair, Inc., Class A * | 588 | 35,045 |
Williams-Sonoma, Inc. | 1,619 | 381,323 |
Zumiez, Inc. * | 1,815 | 31,980 |
33,803,107 | ||
Consumer Durables & Apparel 1.9% | ||
Acushnet Holdings Corp. | 681 | 43,870 |
Beazer Homes USA, Inc. * | 1,599 | 50,097 |
Brunswick Corp. | 2,178 | 190,357 |
Capri Holdings Ltd. * | 3,731 | 172,111 |
Carter's, Inc. | 1,867 | 151,134 |
Cavco Industries, Inc. * | 169 | 62,964 |
Century Communities, Inc. | 1,081 | 93,280 |
Columbia Sportswear Co. | 1,080 | 89,305 |
Crocs, Inc. * | 785 | 95,966 |
Deckers Outdoor Corp. * | 288 | 257,930 |
DR Horton, Inc. | 7,422 | 1,109,144 |
Ethan Allen Interiors, Inc. | 979 | 32,728 |
Fossil Group, Inc. * | 13,824 | 14,653 |
Garmin Ltd. | 2,374 | 326,069 |
G-III Apparel Group Ltd. * | 4,094 | 136,207 |
GoPro, Inc., Class A * | 3,756 | 8,789 |
Hanesbrands, Inc. * | 36,069 | 194,773 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Hasbro, Inc. | 3,505 | 176,266 |
Helen of Troy Ltd. * | 810 | 101,250 |
Installed Building Products, Inc. | 270 | 64,511 |
iRobot Corp. * | 1,454 | 16,590 |
KB Home | 2,931 | 194,706 |
Kontoor Brands, Inc. | 1,027 | 60,706 |
La-Z-Boy, Inc. | 2,079 | 78,981 |
Leggett & Platt, Inc. | 5,738 | 117,170 |
Lennar Corp., Class A | 7,860 | 1,245,889 |
LGI Homes, Inc. * | 666 | 75,984 |
Lululemon Athletica, Inc. * | 655 | 305,944 |
M/I Homes, Inc. * | 1,052 | 133,593 |
Mattel, Inc. * | 4,517 | 88,985 |
MDC Holdings, Inc. | 2,566 | 160,888 |
Meritage Homes Corp. | 1,292 | 203,697 |
Mohawk Industries, Inc. * | 3,480 | 412,798 |
Movado Group, Inc. | 562 | 16,135 |
Newell Brands, Inc. | 21,928 | 164,460 |
NIKE, Inc., Class B | 13,760 | 1,430,077 |
NVR, Inc. * | 62 | 472,785 |
Oxford Industries, Inc. | 332 | 33,661 |
Peloton Interactive, Inc., Class A * | 2,777 | 12,552 |
Polaris, Inc. | 1,687 | 156,402 |
PulteGroup, Inc. | 7,600 | 823,688 |
PVH Corp. | 3,227 | 441,034 |
Ralph Lauren Corp. | 1,272 | 236,490 |
SharkNinja, Inc. | 1,308 | 70,632 |
Skechers USA, Inc., Class A * | 2,692 | 166,393 |
Skyline Champion Corp. * | 756 | 63,345 |
Smith & Wesson Brands, Inc. | 3,552 | 48,769 |
Sonos, Inc. * | 1,897 | 35,967 |
Steven Madden Ltd. | 2,323 | 99,471 |
Sturm Ruger & Co., Inc. | 798 | 34,569 |
Tapestry, Inc. | 5,756 | 273,583 |
Taylor Morrison Home Corp. * | 3,969 | 224,685 |
Tempur Sealy International, Inc. | 2,754 | 150,010 |
Toll Brothers, Inc. | 3,080 | 353,091 |
TopBuild Corp. * | 390 | 156,928 |
Topgolf Callaway Brands Corp. * | 2,299 | 32,738 |
Tri Pointe Homes, Inc. * | 5,441 | 192,503 |
Tupperware Brands Corp. *(a) | 22,960 | 30,307 |
Under Armour, Inc., Class A * | 10,711 | 95,971 |
VF Corp. | 20,178 | 329,709 |
Vista Outdoor, Inc. * | 1,873 | 58,438 |
Whirlpool Corp. | 4,229 | 454,152 |
Wolverine World Wide, Inc. | 6,015 | 61,173 |
Worthington Enterprises, Inc. | 1,310 | 81,377 |
YETI Holdings, Inc. * | 875 | 35,910 |
13,304,340 | ||
Consumer Services 1.8% | ||
ADT, Inc. | 11,176 | 81,138 |
Adtalem Global Education, Inc. * | 1,466 | 72,567 |
Airbnb, Inc., Class A * | 253 | 39,840 |
Aramark | 5,778 | 175,247 |
Arcos Dorados Holdings, Inc., Class A | 2,306 | 27,349 |
BJ's Restaurants, Inc. * | 729 | 25,530 |
Bloomin' Brands, Inc. | 2,074 | 56,371 |
Booking Holdings, Inc. * | 407 | 1,411,814 |
Boyd Gaming Corp. | 1,194 | 78,959 |
Bright Horizons Family Solutions, Inc. * | 716 | 82,240 |
Brinker International, Inc. * | 1,257 | 58,249 |
Caesars Entertainment, Inc. * | 2,051 | 89,157 |
Carnival Corp. * | 24,833 | 393,851 |
Carriage Services, Inc. | 549 | 13,626 |
Cheesecake Factory, Inc. | 935 | 33,080 |
Chipotle Mexican Grill, Inc. * | 99 | 266,188 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Choice Hotels International, Inc. | 226 | 25,298 |
Churchill Downs, Inc. | 595 | 72,513 |
Cracker Barrel Old Country Store, Inc. | 999 | 66,064 |
Darden Restaurants, Inc. | 1,905 | 325,203 |
Dave & Buster's Entertainment, Inc. * | 921 | 56,862 |
Denny's Corp. * | 2,245 | 20,721 |
Dine Brands Global, Inc. | 268 | 13,001 |
Domino's Pizza, Inc. | 716 | 321,019 |
DoorDash, Inc., Class A * | 573 | 71,379 |
Everi Holdings, Inc. * | 1,663 | 19,723 |
Expedia Group, Inc. * | 1,412 | 193,190 |
Frontdoor, Inc. * | 969 | 30,388 |
Graham Holdings Co., Class B | 143 | 100,433 |
Grand Canyon Education, Inc. * | 815 | 109,862 |
H&R Block, Inc. | 3,178 | 155,563 |
Hilton Grand Vacations, Inc. * | 1,141 | 51,208 |
Hilton Worldwide Holdings, Inc. | 2,029 | 414,565 |
Hyatt Hotels Corp., Class A | 579 | 88,929 |
International Game Technology PLC | 2,377 | 64,583 |
Jack in the Box, Inc. | 983 | 71,759 |
Las Vegas Sands Corp. | 5,948 | 324,285 |
Laureate Education, Inc. | 4,901 | 65,722 |
Light & Wonder, Inc. * | 1,267 | 127,346 |
Marriott International, Inc., Class A | 2,649 | 661,906 |
Marriott Vacations Worldwide Corp. | 939 | 87,505 |
McDonald's Corp. | 8,112 | 2,370,975 |
MGM Resorts International * | 9,035 | 391,035 |
Norwegian Cruise Line Holdings Ltd. * | 2,813 | 54,544 |
Papa John's International, Inc. | 310 | 22,286 |
Penn Entertainment, Inc. * | 4,620 | 84,546 |
Perdoceo Education Corp. | 2,205 | 39,271 |
Planet Fitness, Inc., Class A * | 694 | 43,063 |
Red Rock Resorts, Inc., Class A | 912 | 52,887 |
Royal Caribbean Cruises Ltd. * | 1,825 | 225,114 |
Sabre Corp. * | 11,361 | 30,107 |
Service Corp. International | 2,244 | 164,238 |
Six Flags Entertainment Corp. * | 3,127 | 79,238 |
Starbucks Corp. | 16,679 | 1,582,837 |
Strategic Education, Inc. | 522 | 57,832 |
Stride, Inc. * | 787 | 47,023 |
Texas Roadhouse, Inc. | 905 | 135,180 |
Travel & Leisure Co. | 2,927 | 130,808 |
United Parks & Resorts, Inc. * | 449 | 23,056 |
Vail Resorts, Inc. | 488 | 112,391 |
Wendy's Co. | 3,465 | 62,751 |
Wingstop, Inc. | 96 | 33,701 |
WW International, Inc. * | 3,791 | 11,828 |
Wyndham Hotels & Resorts, Inc. | 1,083 | 82,904 |
Wynn Resorts Ltd. | 1,129 | 118,771 |
Yum! Brands, Inc. | 4,252 | 588,562 |
12,989,181 | ||
Consumer Staples Distribution & Retail 3.3% | ||
Andersons, Inc. | 1,797 | 99,338 |
BJ's Wholesale Club Holdings, Inc. * | 1,606 | 117,302 |
Casey's General Stores, Inc. | 1,041 | 316,974 |
Chefs' Warehouse, Inc. * | 727 | 27,633 |
Costco Wholesale Corp. | 6,164 | 4,585,338 |
Dollar General Corp. | 5,681 | 825,506 |
Dollar Tree, Inc. * | 4,073 | 597,428 |
Grocery Outlet Holding Corp. * | 1,735 | 44,746 |
Ingles Markets, Inc., Class A | 1,047 | 80,630 |
Kroger Co. | 37,974 | 1,883,890 |
Performance Food Group Co. * | 4,538 | 348,382 |
PriceSmart, Inc. | 1,039 | 87,422 |
SpartanNash Co. | 5,646 | 118,961 |
Sprouts Farmers Market, Inc. * | 3,838 | 239,645 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Sysco Corp. | 9,406 | 761,604 |
Target Corp. | 17,260 | 2,639,399 |
U.S. Foods Holding Corp. * | 8,756 | 444,717 |
United Natural Foods, Inc. * | 7,237 | 112,970 |
Walgreens Boots Alliance, Inc. | 85,063 | 1,808,439 |
Walmart, Inc. | 135,656 | 7,950,798 |
Weis Markets, Inc. | 1,118 | 72,603 |
23,163,725 | ||
Energy 6.2% | ||
Antero Midstream Corp. | 3,253 | 43,590 |
Antero Resources Corp. * | 5,055 | 129,913 |
APA Corp. | 6,645 | 197,954 |
Archrock, Inc. | 4,118 | 75,236 |
Baker Hughes Co. | 31,805 | 941,110 |
Berry Corp. | 3,558 | 25,084 |
Cactus, Inc., Class A | 461 | 21,160 |
California Resources Corp. | 1,575 | 82,168 |
Callon Petroleum Co. * | 514 | 16,016 |
ChampionX Corp. | 1,512 | 46,963 |
Cheniere Energy, Inc. | 1,620 | 251,424 |
Chevron Corp. | 49,102 | 7,463,995 |
Chord Energy Corp. | 195 | 31,678 |
Civitas Resources, Inc. | 421 | 28,914 |
CNX Resources Corp. * | 6,093 | 127,648 |
Comstock Resources, Inc. | 1,473 | 12,594 |
ConocoPhillips | 23,944 | 2,694,658 |
CONSOL Energy, Inc. | 686 | 58,872 |
Core Laboratories, Inc. | 1,133 | 16,961 |
CVR Energy, Inc. | 1,224 | 40,612 |
Delek U.S. Holdings, Inc. | 4,157 | 106,045 |
Devon Energy Corp. | 9,795 | 431,568 |
DHT Holdings, Inc. | 4,095 | 44,308 |
Diamond Offshore Drilling, Inc. * | 1,352 | 14,994 |
Diamondback Energy, Inc. | 1,367 | 249,505 |
Dorian LPG Ltd. | 829 | 29,968 |
Dril-Quip, Inc. * | 1,008 | 22,781 |
DT Midstream, Inc. | 1,322 | 76,187 |
EOG Resources, Inc. | 10,091 | 1,155,016 |
EQT Corp. | 2,640 | 98,076 |
Equitrans Midstream Corp. | 14,588 | 155,946 |
Exxon Mobil Corp. | 101,999 | 10,660,935 |
Geopark Ltd. | 1,466 | 12,608 |
Golar LNG Ltd. | 1,129 | 22,907 |
Green Plains, Inc. * | 1,627 | 34,655 |
Halliburton Co. | 13,909 | 487,789 |
Helix Energy Solutions Group, Inc. * | 4,376 | 39,384 |
Helmerich & Payne, Inc. | 3,199 | 122,810 |
Hess Corp. | 1,915 | 279,111 |
HF Sinclair Corp. | 6,328 | 351,204 |
International Seaways, Inc. | 371 | 19,637 |
Kinder Morgan, Inc. | 61,723 | 1,073,363 |
Kosmos Energy Ltd. * | 7,778 | 47,757 |
Liberty Energy, Inc. | 3,271 | 69,934 |
Magnolia Oil & Gas Corp., Class A | 1,194 | 27,080 |
Marathon Oil Corp. | 17,776 | 431,068 |
Marathon Petroleum Corp. | 16,186 | 2,739,157 |
Matador Resources Co. | 1,149 | 72,559 |
Murphy Oil Corp. | 3,534 | 140,194 |
Nabors Industries Ltd. * | 572 | 44,828 |
NOV, Inc. | 9,050 | 152,945 |
Occidental Petroleum Corp. | 13,752 | 833,509 |
Oceaneering International, Inc. * | 1,748 | 34,540 |
Oil States International, Inc. * | 2,505 | 13,502 |
ONEOK, Inc. | 9,605 | 721,528 |
Ovintiv, Inc. | 6,796 | 335,790 |
Par Pacific Holdings, Inc. * | 797 | 28,788 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Patterson-UTI Energy, Inc. | 9,419 | 108,978 |
PBF Energy, Inc., Class A | 3,830 | 178,861 |
Peabody Energy Corp. | 5,441 | 134,774 |
Permian Resources Corp. | 1,939 | 30,171 |
Phillips 66 | 20,866 | 2,973,614 |
Pioneer Natural Resources Co. | 2,755 | 647,948 |
ProPetro Holding Corp. * | 5,150 | 38,110 |
Range Resources Corp. | 1,636 | 51,730 |
RPC, Inc. | 2,382 | 17,603 |
Schlumberger NV | 18,526 | 895,362 |
Scorpio Tankers, Inc. | 572 | 38,398 |
Select Water Solutions, Inc. | 2,414 | 20,616 |
SFL Corp. Ltd. | 4,337 | 57,942 |
SM Energy Co. | 2,856 | 125,007 |
Southwestern Energy Co. * | 19,484 | 135,803 |
Talos Energy, Inc. * | 2,729 | 35,995 |
Targa Resources Corp. | 3,007 | 295,408 |
TechnipFMC PLC | 6,712 | 145,583 |
Teekay Tankers Ltd., Class A | 563 | 30,864 |
Texas Pacific Land Corp. | 23 | 36,235 |
Transocean Ltd. * | 8,971 | 42,074 |
Tsakos Energy Navigation Ltd. | 984 | 23,390 |
Valaris Ltd. * | 326 | 20,554 |
Valero Energy Corp. | 18,444 | 2,609,088 |
Weatherford International PLC * | 346 | 35,503 |
Williams Cos., Inc. | 22,717 | 816,449 |
World Kinect Corp. | 22,148 | 539,525 |
43,574,111 | ||
Equity Real Estate Investment Trusts (REITs) 2.2% | ||
Acadia Realty Trust | 2,059 | 33,747 |
Agree Realty Corp. | 421 | 23,134 |
Alexander & Baldwin, Inc. | 2,543 | 41,349 |
Alexandria Real Estate Equities, Inc. | 1,559 | 194,454 |
American Assets Trust, Inc. | 1,433 | 30,910 |
American Homes 4 Rent, Class A | 2,469 | 91,378 |
American Tower Corp. | 3,811 | 757,855 |
Americold Realty Trust, Inc. | 3,167 | 80,125 |
Apartment Income REIT Corp. | 2,615 | 79,287 |
Apple Hospitality REIT, Inc. | 5,459 | 87,835 |
Ashford Hospitality Trust, Inc. * | 9,386 | 18,115 |
AvalonBay Communities, Inc. | 1,665 | 294,755 |
Boston Properties, Inc. | 4,691 | 303,602 |
Brandywine Realty Trust | 14,376 | 61,817 |
Brixmor Property Group, Inc. | 6,263 | 141,606 |
Broadstone Net Lease, Inc. | 1,453 | 21,664 |
Camden Property Trust | 1,210 | 114,321 |
CBL & Associates Properties, Inc. | 1,276 | 29,425 |
Centerspace | 317 | 17,622 |
Chatham Lodging Trust | 1,930 | 19,686 |
COPT Defense Properties | 2,548 | 61,738 |
Cousins Properties, Inc. | 3,417 | 77,942 |
Crown Castle, Inc. | 5,620 | 617,863 |
CubeSmart | 1,920 | 83,731 |
DiamondRock Hospitality Co. | 7,504 | 70,538 |
Digital Realty Trust, Inc. | 3,599 | 528,369 |
Diversified Healthcare Trust | 65,983 | 216,424 |
Douglas Emmett, Inc. | 6,628 | 87,622 |
Easterly Government Properties, Inc. | 1,850 | 21,830 |
EastGroup Properties, Inc. | 252 | 44,274 |
Elme Communities | 2,170 | 27,950 |
Empire State Realty Trust, Inc., Class A | 5,735 | 57,178 |
EPR Properties | 1,557 | 63,962 |
Equinix, Inc. | 648 | 575,955 |
Equity Commonwealth * | 997 | 18,774 |
Equity LifeStyle Properties, Inc. | 1,476 | 99,364 |
Equity Residential | 5,197 | 312,911 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Essential Properties Realty Trust, Inc. | 693 | 16,556 |
Essex Property Trust, Inc. | 801 | 185,351 |
Extra Space Storage, Inc. | 1,652 | 232,882 |
Federal Realty Investment Trust | 1,083 | 109,221 |
First Industrial Realty Trust, Inc. | 1,030 | 54,590 |
Four Corners Property Trust, Inc. | 736 | 17,796 |
Gaming & Leisure Properties, Inc. | 2,612 | 118,794 |
Getty Realty Corp. | 495 | 13,048 |
Global Net Lease, Inc. | 5,820 | 41,962 |
Healthcare Realty Trust, Inc. | 5,013 | 69,079 |
Healthpeak Properties, Inc. | 9,626 | 161,236 |
Highwoods Properties, Inc. | 3,877 | 94,793 |
Host Hotels & Resorts, Inc. | 16,218 | 336,361 |
Hudson Pacific Properties, Inc. | 12,472 | 79,073 |
Independence Realty Trust, Inc. | 1,557 | 22,794 |
Industrial Logistics Properties Trust | 8,182 | 31,337 |
Invitation Homes, Inc. | 5,142 | 175,188 |
Iron Mountain, Inc. | 4,920 | 386,909 |
JBG SMITH Properties | 3,856 | 63,933 |
Kilroy Realty Corp. | 2,804 | 106,244 |
Kimco Realty Corp. | 9,157 | 180,942 |
Kite Realty Group Trust | 1,861 | 39,844 |
Lamar Advertising Co., Class A | 1,351 | 149,353 |
LTC Properties, Inc. | 563 | 17,712 |
LXP Industrial Trust | 4,766 | 41,274 |
Macerich Co. | 9,574 | 157,109 |
Medical Properties Trust, Inc. (a) | 17,467 | 73,536 |
Mid-America Apartment Communities, Inc. | 1,383 | 173,815 |
National Health Investors, Inc. | 690 | 39,654 |
National Storage Affiliates Trust | 765 | 27,395 |
NET Lease Office Properties | 113 | 2,756 |
NNN REIT, Inc. | 1,969 | 80,119 |
Office Properties Income Trust | 7,143 | 19,072 |
Omega Healthcare Investors, Inc. | 3,857 | 120,030 |
Outfront Media, Inc. | 4,785 | 68,760 |
Paramount Group, Inc. | 13,489 | 59,756 |
Park Hotels & Resorts, Inc. | 12,542 | 208,197 |
Pebblebrook Hotel Trust | 3,239 | 51,306 |
Phillips Edison & Co., Inc. | 1,521 | 54,330 |
Physicians Realty Trust | 3,996 | 44,875 |
Piedmont Office Realty Trust, Inc., Class A | 9,608 | 60,242 |
PotlatchDeltic Corp. | 1,743 | 78,801 |
Prologis, Inc. | 3,882 | 517,354 |
Public Storage | 1,120 | 317,934 |
Rayonier, Inc. | 2,269 | 78,122 |
Realty Income Corp. | 4,561 | 237,674 |
Regency Centers Corp. | 2,262 | 140,131 |
Retail Opportunity Investments Corp. | 2,339 | 30,243 |
Rexford Industrial Realty, Inc. | 651 | 33,123 |
RLJ Lodging Trust | 6,954 | 82,544 |
Ryman Hospitality Properties, Inc. | 483 | 57,226 |
Sabra Health Care REIT, Inc. | 6,060 | 84,113 |
SBA Communications Corp. | 500 | 104,615 |
Service Properties Trust | 15,707 | 106,808 |
Simon Property Group, Inc. | 5,008 | 741,885 |
SITE Centers Corp. | 4,643 | 63,052 |
SL Green Realty Corp. (a) | 4,305 | 208,706 |
STAG Industrial, Inc. | 1,502 | 55,784 |
Sun Communities, Inc. | 1,088 | 145,531 |
Sunstone Hotel Investors, Inc. | 6,190 | 69,266 |
Tanger, Inc. | 2,091 | 60,242 |
Terreno Realty Corp. | 367 | 23,598 |
UDR, Inc. | 3,491 | 123,931 |
Uniti Group, Inc. | 18,971 | 111,170 |
Urban Edge Properties | 2,780 | 47,288 |
Ventas, Inc. | 9,518 | 402,516 |
Veris Residential, Inc. | 1,918 | 28,003 |
VICI Properties, Inc. | 3,712 | 111,100 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Vornado Realty Trust | 9,713 | 255,452 |
Welltower, Inc. | 6,327 | 583,096 |
Weyerhaeuser Co. | 18,377 | 631,801 |
WP Carey, Inc. | 2,030 | 114,350 |
Xenia Hotels & Resorts, Inc. | 4,351 | 66,744 |
15,108,539 | ||
Financial Services 8.4% | ||
Affiliated Managers Group, Inc. | 1,371 | 214,301 |
AGNC Investment Corp. (a) | 13,914 | 133,018 |
Ally Financial, Inc. | 23,079 | 853,692 |
A-Mark Precious Metals, Inc. | 1,627 | 41,798 |
American Express Co. | 11,191 | 2,455,529 |
Ameriprise Financial, Inc. | 2,062 | 839,976 |
Annaly Capital Management, Inc. | 8,823 | 168,431 |
Apollo Commercial Real Estate Finance, Inc. | 4,356 | 48,831 |
Apollo Global Management, Inc. | 2,941 | 328,804 |
Arbor Realty Trust, Inc. (a) | 2,815 | 37,721 |
ARES Management Corp., Class A | 513 | 68,039 |
Artisan Partners Asset Management, Inc., Class A | 1,718 | 73,994 |
B Riley Financial, Inc. (a) | 1,007 | 18,458 |
Bank of New York Mellon Corp. | 27,592 | 1,547,635 |
Berkshire Hathaway, Inc., Class B * | 38,558 | 15,785,645 |
BGC Group, Inc., Class A | 7,880 | 54,766 |
BlackRock, Inc. | 2,029 | 1,646,209 |
Blackstone Mortgage Trust, Inc., Class A (a) | 3,537 | 72,049 |
Blackstone, Inc. | 5,742 | 733,942 |
Block, Inc. * | 1,251 | 99,417 |
Bread Financial Holdings, Inc. | 7,714 | 295,292 |
Brightsphere Investment Group, Inc. | 2,563 | 58,078 |
BrightSpire Capital, Inc. | 2,324 | 16,059 |
Cannae Holdings, Inc. * | 1,404 | 30,635 |
Capital One Financial Corp. | 20,490 | 2,819,629 |
Carlyle Group, Inc. | 4,489 | 205,821 |
Cboe Global Markets, Inc. | 791 | 151,872 |
Charles Schwab Corp. (b) | 10,510 | 701,858 |
Chimera Investment Corp. | 20,126 | 87,749 |
CME Group, Inc. | 2,575 | 567,401 |
Cohen & Steers, Inc. | 454 | 33,392 |
Coinbase Global, Inc., Class A * | 1,543 | 314,093 |
Compass Diversified Holdings | 2,523 | 58,029 |
Corebridge Financial, Inc. | 3,476 | 86,309 |
Credit Acceptance Corp. * | 198 | 109,613 |
Diamond Hill Investment Group, Inc. | 98 | 14,179 |
Discover Financial Services | 11,560 | 1,395,292 |
Donnelley Financial Solutions, Inc. * | 551 | 35,573 |
Encore Capital Group, Inc. * | 1,201 | 57,648 |
Enova International, Inc. * | 1,150 | 72,737 |
Equitable Holdings, Inc. | 8,006 | 274,125 |
Essent Group Ltd. | 1,604 | 85,926 |
Euronet Worldwide, Inc. * | 908 | 99,371 |
Evercore, Inc., Class A | 1,286 | 240,585 |
EVERTEC, Inc. | 900 | 32,517 |
FactSet Research Systems, Inc. | 220 | 101,768 |
Fidelity National Information Services, Inc. | 12,975 | 897,740 |
FirstCash Holdings, Inc. | 781 | 89,424 |
Fiserv, Inc. * | 4,296 | 641,264 |
FleetCor Technologies, Inc. * | 1,209 | 337,637 |
Franklin Resources, Inc. | 12,997 | 356,768 |
Global Payments, Inc. | 4,325 | 560,952 |
Goldman Sachs Group, Inc. | 8,591 | 3,342,328 |
Granite Point Mortgage Trust, Inc. | 3,297 | 15,628 |
Green Dot Corp., Class A * | 2,197 | 18,037 |
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 601 | 15,127 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Houlihan Lokey, Inc. | 617 | 79,383 |
Interactive Brokers Group, Inc., Class A | 382 | 41,531 |
Intercontinental Exchange, Inc. | 5,878 | 813,633 |
Invesco Ltd. | 16,824 | 259,258 |
Jack Henry & Associates, Inc. | 892 | 155,003 |
Jackson Financial, Inc., Class A | 2,471 | 136,029 |
Janus Henderson Group PLC | 5,507 | 171,598 |
Jefferies Financial Group, Inc. | 6,832 | 285,714 |
KKR & Co., Inc. | 7,681 | 754,735 |
KKR Real Estate Finance Trust, Inc. | 1,685 | 16,429 |
Ladder Capital Corp. | 3,650 | 39,456 |
Lazard, Inc., Class A | 3,533 | 136,162 |
LendingTree, Inc. * | 787 | 31,142 |
LPL Financial Holdings, Inc. | 851 | 227,974 |
MarketAxess Holdings, Inc. | 222 | 47,377 |
Mastercard, Inc., Class A | 4,143 | 1,966,931 |
MFA Financial, Inc. | 5,053 | 56,695 |
MGIC Investment Corp. | 7,509 | 149,354 |
Moelis & Co., Class A | 1,520 | 82,141 |
Moody's Corp. | 1,149 | 435,954 |
Morgan Stanley | 23,099 | 1,987,438 |
Morningstar, Inc. | 178 | 53,149 |
Mr Cooper Group, Inc. * | 1,254 | 89,385 |
MSCI, Inc. | 317 | 177,827 |
Nasdaq, Inc. | 3,057 | 171,803 |
Navient Corp. | 9,239 | 150,226 |
NCR Atleos Corp. * | 2,563 | 55,771 |
Nelnet, Inc., Class A | 325 | 27,908 |
New York Mortgage Trust, Inc. | 4,151 | 29,929 |
NMI Holdings, Inc., Class A * | 1,023 | 30,772 |
Northern Trust Corp. | 5,197 | 426,830 |
OneMain Holdings, Inc. | 7,685 | 362,962 |
Pagseguro Digital Ltd., Class A * | 3,923 | 54,608 |
PayPal Holdings, Inc. * | 16,212 | 978,232 |
Paysafe Ltd. * | 1,700 | 24,480 |
PennyMac Financial Services, Inc. | 961 | 81,618 |
PennyMac Mortgage Investment Trust | 3,530 | 49,879 |
Piper Sandler Cos. | 306 | 57,611 |
PJT Partners, Inc., Class A | 232 | 24,453 |
PRA Group, Inc. * | 1,865 | 47,669 |
PROG Holdings, Inc. * | 3,570 | 110,206 |
Radian Group, Inc. | 4,305 | 125,448 |
Raymond James Financial, Inc. | 2,323 | 279,503 |
Redwood Trust, Inc. | 4,195 | 25,715 |
Rithm Capital Corp. | 16,568 | 179,597 |
S&P Global, Inc. | 1,733 | 742,382 |
SEI Investments Co. | 2,381 | 160,122 |
SLM Corp. | 12,845 | 267,561 |
Starwood Property Trust, Inc. | 7,070 | 144,157 |
State Street Corp. | 7,522 | 554,597 |
StepStone Group, Inc., Class A | 590 | 20,491 |
Stifel Financial Corp. | 1,484 | 112,576 |
StoneCo Ltd., Class A * | 2,757 | 47,448 |
Synchrony Financial | 43,776 | 1,807,949 |
T Rowe Price Group, Inc. | 7,219 | 818,274 |
TPG RE Finance Trust, Inc. | 4,006 | 29,965 |
TPG, Inc. | 1,695 | 75,173 |
Tradeweb Markets, Inc., Class A | 444 | 46,984 |
Two Harbors Investment Corp. | 2,528 | 32,030 |
Virtu Financial, Inc., Class A | 3,172 | 57,255 |
Virtus Investment Partners, Inc. | 140 | 32,525 |
Visa, Inc., Class A | 8,637 | 2,441,162 |
Voya Financial, Inc. | 2,560 | 175,002 |
Walker & Dunlop, Inc. | 773 | 73,729 |
Western Union Co. | 21,214 | 284,480 |
WEX, Inc. * | 346 | 76,027 |
World Acceptance Corp. * | 258 | 30,898 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
XP, Inc., Class A | 2,017 | 47,682 |
59,010,698 | ||
Food, Beverage & Tobacco 3.0% | ||
Adecoagro SA | 4,203 | 42,198 |
Altria Group, Inc. | 48,855 | 1,998,658 |
Archer-Daniels-Midland Co. | 20,601 | 1,094,119 |
B&G Foods, Inc. | 6,084 | 70,270 |
Boston Beer Co., Inc., Class A * | 144 | 44,372 |
Brown-Forman Corp., Class B | 1,654 | 99,620 |
Bunge Global SA | 6,271 | 591,794 |
Calavo Growers, Inc. | 1,116 | 32,208 |
Cal-Maine Foods, Inc. | 978 | 56,225 |
Campbell Soup Co. | 4,565 | 194,652 |
Coca-Cola Co. | 41,130 | 2,468,623 |
Coca-Cola Consolidated, Inc. | 62 | 52,130 |
Coca-Cola Europacific Partners PLC | 3,807 | 261,274 |
Conagra Brands, Inc. | 12,882 | 361,727 |
Constellation Brands, Inc., Class A | 2,030 | 504,496 |
Darling Ingredients, Inc. * | 2,835 | 119,949 |
Dole PLC | 5,671 | 66,974 |
Flowers Foods, Inc. | 5,137 | 115,172 |
Fresh Del Monte Produce, Inc. | 3,014 | 72,125 |
General Mills, Inc. | 11,114 | 713,297 |
Hain Celestial Group, Inc. * | 5,959 | 59,590 |
Hershey Co. | 1,266 | 237,907 |
Hormel Foods Corp. | 6,385 | 225,518 |
Ingredion, Inc. | 2,458 | 289,135 |
J & J Snack Foods Corp. | 273 | 39,607 |
J M Smucker Co. | 3,181 | 382,261 |
John B Sanfilippo & Son, Inc. | 297 | 30,404 |
Kellanova | 5,795 | 319,594 |
Keurig Dr Pepper, Inc. | 14,090 | 421,432 |
Kraft Heinz Co. | 19,340 | 682,315 |
Lamb Weston Holdings, Inc. | 1,214 | 124,083 |
Lancaster Colony Corp. | 289 | 59,800 |
McCormick & Co., Inc. - Non Voting Shares | 2,909 | 200,314 |
Mission Produce, Inc. * | 1,841 | 19,423 |
Molson Coors Beverage Co., Class B | 6,127 | 382,447 |
Mondelez International, Inc., Class A | 21,145 | 1,545,065 |
Monster Beverage Corp. * | 5,128 | 303,065 |
National Beverage Corp. * | 396 | 20,845 |
Nomad Foods Ltd. | 4,808 | 88,611 |
PepsiCo, Inc. | 16,959 | 2,804,001 |
Philip Morris International, Inc. | 27,352 | 2,460,586 |
Pilgrim's Pride Corp. * | 2,079 | 66,195 |
Post Holdings, Inc. * | 1,408 | 146,657 |
Seneca Foods Corp., Class A * | 558 | 28,268 |
Simply Good Foods Co. * | 582 | 20,649 |
TreeHouse Foods, Inc. * | 1,935 | 69,254 |
Tyson Foods, Inc., Class A | 21,356 | 1,158,349 |
Universal Corp. | 1,588 | 76,240 |
Vector Group Ltd. | 3,728 | 41,604 |
WK Kellogg Co. | 1,353 | 19,808 |
21,282,910 | ||
Health Care Equipment & Services 5.6% | ||
Abbott Laboratories | 18,393 | 2,182,145 |
Acadia Healthcare Co., Inc. * | 1,178 | 98,304 |
AdaptHealth Corp. * | 1,691 | 17,299 |
Addus HomeCare Corp. * | 194 | 17,902 |
Align Technology, Inc. * | 590 | 178,428 |
Amedisys, Inc. * | 712 | 66,230 |
AMN Healthcare Services, Inc. * | 869 | 48,899 |
Avanos Medical, Inc. * | 980 | 18,199 |
Baxter International, Inc. | 15,204 | 622,148 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Becton Dickinson & Co. | 3,018 | 710,890 |
Boston Scientific Corp. * | 8,450 | 559,474 |
Brookdale Senior Living, Inc. * | 9,265 | 52,996 |
Cardinal Health, Inc. | 5,255 | 588,455 |
Cencora, Inc. | 781 | 184,004 |
Centene Corp. * | 22,255 | 1,745,460 |
Chemed Corp. | 213 | 133,366 |
Cigna Group | 10,032 | 3,372,156 |
Community Health Systems, Inc. * | 24,429 | 68,157 |
CONMED Corp. | 307 | 24,658 |
Cooper Cos., Inc. | 1,689 | 158,090 |
Cross Country Healthcare, Inc. * | 746 | 13,629 |
CVS Health Corp. | 69,308 | 5,154,436 |
DaVita, Inc. * | 3,493 | 443,506 |
DENTSPLY SIRONA, Inc. | 4,571 | 149,380 |
Dexcom, Inc. * | 389 | 44,762 |
Edwards Lifesciences Corp. * | 3,119 | 264,710 |
Elevance Health, Inc. | 6,295 | 3,155,369 |
Embecta Corp. | 4,307 | 61,504 |
Encompass Health Corp. | 1,958 | 145,675 |
Enhabit, Inc. * | 4,322 | 38,898 |
Enovis Corp. * | 1,002 | 59,930 |
Ensign Group, Inc. | 521 | 65,083 |
Envista Holdings Corp. * | 3,211 | 66,307 |
Fulgent Genetics, Inc. * | 553 | 12,476 |
Globus Medical, Inc., Class A * | 1,606 | 86,708 |
Haemonetics Corp. * | 557 | 40,650 |
HCA Healthcare, Inc. | 4,456 | 1,388,935 |
HealthEquity, Inc. * | 381 | 31,474 |
Henry Schein, Inc. * | 3,863 | 295,404 |
Hologic, Inc. * | 3,302 | 243,688 |
Humana, Inc. | 3,550 | 1,243,636 |
ICU Medical, Inc. * | 392 | 42,818 |
IDEXX Laboratories, Inc. * | 333 | 191,552 |
Insulet Corp. * | 74 | 12,136 |
Integer Holdings Corp. * | 575 | 63,417 |
Integra LifeSciences Holdings Corp. * | 924 | 34,105 |
Intuitive Surgical, Inc. * | 1,333 | 514,005 |
Laboratory Corp. of America Holdings | 2,511 | 541,949 |
LivaNova PLC * | 466 | 25,541 |
Masimo Corp. * | 469 | 60,285 |
McKesson Corp. | 1,398 | 728,931 |
Medtronic PLC | 28,182 | 2,349,251 |
Merit Medical Systems, Inc. * | 473 | 36,043 |
ModivCare, Inc. * | 451 | 12,646 |
Molina Healthcare, Inc. * | 956 | 376,578 |
Multiplan Corp. * | 31,446 | 35,219 |
National HealthCare Corp. | 499 | 49,231 |
Neogen Corp. * | 1,438 | 24,719 |
OmniAb, Inc., Class A *(c) | 52 | 0 |
OmniAb, Inc., Class B *(c) | 52 | 0 |
Omnicell, Inc. * | 603 | 15,823 |
OPKO Health, Inc. *(a) | 13,720 | 13,720 |
Option Care Health, Inc. * | 1,485 | 47,921 |
Orthofix Medical, Inc. * | 1,050 | 13,713 |
Owens & Minor, Inc. * | 5,851 | 142,355 |
Patterson Cos., Inc. | 3,686 | 99,854 |
Pediatrix Medical Group, Inc. * | 5,206 | 47,635 |
Penumbra, Inc. * | 62 | 14,565 |
Premier, Inc., Class A | 3,791 | 79,080 |
Quest Diagnostics, Inc. | 3,047 | 380,540 |
QuidelOrtho Corp. * | 748 | 34,109 |
RadNet, Inc. * | 674 | 25,518 |
ResMed, Inc. | 977 | 169,724 |
Select Medical Holdings Corp. | 3,330 | 90,676 |
STERIS PLC | 892 | 207,756 |
Stryker Corp. | 2,514 | 877,562 |
Teladoc Health, Inc. * | 1,347 | 20,313 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Teleflex, Inc. | 566 | 126,099 |
Tenet Healthcare Corp. * | 4,012 | 373,116 |
U.S. Physical Therapy, Inc. | 183 | 19,447 |
UnitedHealth Group, Inc. | 13,871 | 6,846,726 |
Universal Health Services, Inc., Class B | 3,282 | 548,291 |
Varex Imaging Corp. * | 1,122 | 19,298 |
Veeva Systems, Inc., Class A * | 360 | 81,184 |
Zimmer Biomet Holdings, Inc. | 2,898 | 360,395 |
Zimvie, Inc. * | 2,421 | 41,036 |
39,648,302 | ||
Household & Personal Products 1.2% | ||
BellRing Brands, Inc. * | 466 | 26,539 |
Central Garden & Pet Co., Class A * | 1,407 | 53,030 |
Church & Dwight Co., Inc. | 2,994 | 299,759 |
Clorox Co. | 1,568 | 240,390 |
Colgate-Palmolive Co. | 11,347 | 981,742 |
Coty, Inc., Class A * | 4,517 | 56,734 |
Edgewell Personal Care Co. | 1,529 | 58,393 |
Energizer Holdings, Inc. | 1,473 | 42,054 |
Estee Lauder Cos., Inc., Class A | 2,385 | 354,363 |
Herbalife Ltd. * | 5,941 | 52,459 |
Inter Parfums, Inc. | 138 | 20,247 |
Kimberly-Clark Corp. | 5,630 | 682,187 |
Medifast, Inc. | 457 | 18,321 |
Nu Skin Enterprises, Inc., Class A | 4,005 | 50,063 |
Procter & Gamble Co. | 33,919 | 5,391,086 |
Reynolds Consumer Products, Inc. | 1,144 | 33,748 |
Spectrum Brands Holdings, Inc. | 1,515 | 121,836 |
USANA Health Sciences, Inc. * | 697 | 33,637 |
WD-40 Co. | 127 | 34,086 |
8,550,674 | ||
Insurance 3.5% | ||
Aflac, Inc. | 15,007 | 1,211,665 |
Allstate Corp. | 12,216 | 1,948,696 |
Ambac Financial Group, Inc. * | 1,628 | 26,634 |
American Equity Investment Life Holding Co. * | 2,236 | 124,187 |
American Financial Group, Inc. | 2,145 | 273,852 |
American International Group, Inc. | 27,782 | 2,025,030 |
Aon PLC, Class A | 2,353 | 743,524 |
Arch Capital Group Ltd. * | 4,010 | 351,236 |
Arthur J Gallagher & Co. | 1,251 | 305,156 |
Assurant, Inc. | 1,086 | 197,055 |
Assured Guaranty Ltd. | 2,243 | 205,459 |
Axis Capital Holdings Ltd. | 1,581 | 98,923 |
Brighthouse Financial, Inc. * | 368 | 17,130 |
Brown & Brown, Inc. | 1,937 | 163,115 |
Chubb Ltd. | 7,478 | 1,881,988 |
Cincinnati Financial Corp. | 3,632 | 414,048 |
CNA Financial Corp. | 963 | 42,324 |
CNO Financial Group, Inc. | 8,707 | 232,390 |
Employers Holdings, Inc. | 1,029 | 47,036 |
Enstar Group Ltd. * | 230 | 70,826 |
Everest Group Ltd. | 635 | 234,239 |
Fidelity National Financial, Inc. | 8,172 | 413,340 |
First American Financial Corp. | 4,354 | 254,317 |
Genworth Financial, Inc., Class A * | 31,586 | 194,254 |
Globe Life, Inc. | 1,908 | 242,182 |
Hanover Insurance Group, Inc. | 1,195 | 157,107 |
Hartford Financial Services Group, Inc. | 9,940 | 952,650 |
Horace Mann Educators Corp. | 1,060 | 38,361 |
James River Group Holdings Ltd. | 1,597 | 15,954 |
Kemper Corp. | 2,569 | 147,281 |
Lincoln National Corp. | 14,407 | 396,769 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Loews Corp. | 4,847 | 364,155 |
Markel Group, Inc. * | 207 | 308,943 |
Marsh & McLennan Cos., Inc. | 4,467 | 903,540 |
MBIA, Inc. | 2,113 | 13,798 |
Mercury General Corp. | 1,577 | 76,784 |
MetLife, Inc. | 24,436 | 1,704,167 |
Old Republic International Corp. | 9,700 | 280,912 |
Primerica, Inc. | 666 | 163,343 |
Principal Financial Group, Inc. | 6,250 | 505,375 |
ProAssurance Corp. | 2,713 | 33,451 |
Progressive Corp. | 8,162 | 1,547,189 |
Prudential Financial, Inc. | 15,442 | 1,683,024 |
Reinsurance Group of America, Inc. | 1,590 | 281,191 |
RenaissanceRe Holdings Ltd. | 591 | 132,869 |
RLI Corp. | 314 | 45,985 |
Safety Insurance Group, Inc. | 501 | 41,162 |
Selective Insurance Group, Inc. | 774 | 80,868 |
SiriusPoint Ltd. * | 2,232 | 27,387 |
Stewart Information Services Corp. | 1,590 | 100,138 |
Travelers Cos., Inc. | 9,334 | 2,062,441 |
United Fire Group, Inc. | 968 | 22,545 |
Universal Insurance Holdings, Inc. | 1,632 | 32,950 |
Unum Group | 6,694 | 331,018 |
W R Berkley Corp. | 2,995 | 250,382 |
White Mountains Insurance Group Ltd. | 54 | 95,334 |
Willis Towers Watson PLC | 1,638 | 446,535 |
24,962,214 | ||
Materials 3.7% | ||
AdvanSix, Inc. | 1,178 | 32,960 |
Air Products & Chemicals, Inc. | 2,495 | 583,930 |
Albemarle Corp. | 1,001 | 137,988 |
Alcoa Corp. | 8,806 | 239,611 |
Alpha Metallurgical Resources, Inc. | 226 | 85,258 |
Alto Ingredients, Inc. * | 13,069 | 28,752 |
American Vanguard Corp. | 1,084 | 11,620 |
AptarGroup, Inc. | 1,038 | 145,797 |
Arcadium Lithium PLC * | 2,922 | 16,042 |
Arch Resources, Inc. | 507 | 83,802 |
Ashland, Inc. | 1,138 | 106,562 |
ATI, Inc. * | 639 | 31,426 |
Avery Dennison Corp. | 1,347 | 291,666 |
Avient Corp. | 2,510 | 101,605 |
Axalta Coating Systems Ltd. * | 4,571 | 149,609 |
Balchem Corp. | 313 | 49,200 |
Ball Corp. | 6,907 | 442,186 |
Berry Global Group, Inc. | 3,757 | 218,695 |
Cabot Corp. | 1,205 | 102,365 |
Carpenter Technology Corp. | 1,114 | 72,020 |
Celanese Corp. | 3,716 | 564,721 |
Century Aluminum Co. * | 2,512 | 26,301 |
CF Industries Holdings, Inc. | 4,016 | 324,172 |
Chemours Co. | 6,394 | 125,770 |
Clearwater Paper Corp. * | 1,024 | 40,233 |
Cleveland-Cliffs, Inc. * | 12,027 | 250,162 |
Coeur Mining, Inc. * | 8,302 | 21,502 |
Commercial Metals Co. | 3,275 | 176,850 |
Compass Minerals International, Inc. | 1,475 | 33,630 |
Constellium SE * | 4,105 | 79,596 |
Corteva, Inc. | 9,584 | 512,936 |
Crown Holdings, Inc. | 2,597 | 198,982 |
Dow, Inc. | 23,575 | 1,317,371 |
DuPont de Nemours, Inc. | 14,220 | 983,882 |
Eagle Materials, Inc. | 702 | 177,992 |
Eastman Chemical Co. | 5,606 | 491,870 |
Ecolab, Inc. | 2,812 | 632,250 |
Ecovyst, Inc. * | 2,373 | 22,899 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Element Solutions, Inc. | 4,343 | 102,060 |
FMC Corp. | 2,260 | 127,441 |
Freeport-McMoRan, Inc. | 21,591 | 816,356 |
Glatfelter Corp. * | 10,928 | 24,369 |
Graphic Packaging Holding Co. | 7,581 | 196,727 |
Greif, Inc., Class A | 954 | 61,495 |
Hawkins, Inc. | 414 | 29,084 |
HB Fuller Co. | 1,188 | 94,482 |
Hecla Mining Co. | 7,640 | 27,046 |
Huntsman Corp. | 9,167 | 234,675 |
Ingevity Corp. * | 1,069 | 48,832 |
Innospec, Inc. | 558 | 69,343 |
International Flavors & Fragrances, Inc. | 3,819 | 288,334 |
International Paper Co. | 21,361 | 755,325 |
Kaiser Aluminum Corp. | 738 | 53,520 |
Knife River Corp. * | 1,290 | 95,576 |
Koppers Holdings, Inc. | 1,033 | 58,488 |
Linde PLC | 5,238 | 2,350,919 |
Louisiana-Pacific Corp. | 2,684 | 198,535 |
LyondellBasell Industries NV, Class A | 10,610 | 1,063,971 |
Martin Marietta Materials, Inc. | 616 | 355,869 |
Materion Corp. | 355 | 47,684 |
Mativ Holdings, Inc. | 2,787 | 48,410 |
Mercer International, Inc. | 3,476 | 31,910 |
Metallus, Inc. * | 1,910 | 41,543 |
Minerals Technologies, Inc. | 1,082 | 78,294 |
Mosaic Co. | 9,567 | 298,108 |
Myers Industries, Inc. | 912 | 17,538 |
NewMarket Corp. | 148 | 94,967 |
Newmont Corp. | 26,719 | 834,969 |
Nucor Corp. | 7,890 | 1,517,247 |
O-I Glass, Inc. * | 7,136 | 120,741 |
Olin Corp. | 3,579 | 192,550 |
Olympic Steel, Inc. | 697 | 47,410 |
Orion SA | 1,730 | 38,994 |
Packaging Corp. of America | 2,340 | 423,985 |
Pactiv Evergreen, Inc. | 3,774 | 55,666 |
PPG Industries, Inc. | 4,546 | 643,714 |
Quaker Chemical Corp. | 153 | 30,677 |
Radius Recycling, Inc., Class A | 2,201 | 43,492 |
Reliance, Inc. | 1,890 | 607,106 |
Royal Gold, Inc. | 511 | 52,444 |
RPM International, Inc. | 2,084 | 240,389 |
Ryerson Holding Corp. | 972 | 30,696 |
Scotts Miracle-Gro Co. | 1,672 | 109,850 |
Sealed Air Corp. | 4,992 | 174,071 |
Sensient Technologies Corp. | 1,075 | 71,896 |
Sherwin-Williams Co. | 1,765 | 586,033 |
Sonoco Products Co. | 3,215 | 182,226 |
Southern Copper Corp. | 1,182 | 95,577 |
Steel Dynamics, Inc. | 5,041 | 674,587 |
Stepan Co. | 776 | 69,219 |
Summit Materials, Inc., Class A * | 2,469 | 105,451 |
SunCoke Energy, Inc. | 4,933 | 52,832 |
Sylvamo Corp. | 2,299 | 138,883 |
TriMas Corp. | 1,172 | 27,542 |
Trinseo PLC | 7,442 | 33,489 |
Tronox Holdings PLC | 5,565 | 81,805 |
U.S. Steel Corp. | 15,111 | 715,355 |
Vulcan Materials Co. | 1,284 | 341,351 |
Warrior Met Coal, Inc. | 2,887 | 164,472 |
Westlake Corp. | 806 | 111,800 |
Westrock Co. | 18,462 | 836,144 |
Worthington Steel, Inc. * | 297 | 9,403 |
26,085,180 | ||
SECURITY | NUMBER OF SHARES | VALUE ($) |
Media & Entertainment 6.8% | ||
Alphabet, Inc., Class A * | 56,419 | 7,811,775 |
Alphabet, Inc., Class C * | 50,253 | 7,024,364 |
AMC Entertainment Holdings, Inc., Class A * | 909 | 3,927 |
AMC Networks, Inc., Class A * | 5,973 | 77,291 |
Bumble, Inc., Class A * | 1,139 | 13,042 |
Cable One, Inc. | 127 | 57,912 |
Cargurus, Inc. * | 1,024 | 22,671 |
Cars.com, Inc. * | 1,045 | 19,165 |
Charter Communications, Inc., Class A * | 5,760 | 1,693,037 |
Cinemark Holdings, Inc. * | 3,700 | 64,417 |
Clear Channel Outdoor Holdings, Inc. * | 36,065 | 62,032 |
Comcast Corp., Class A | 126,734 | 5,430,552 |
EchoStar Corp., Class A * | 16,810 | 220,379 |
Electronic Arts, Inc. | 3,961 | 552,480 |
EW Scripps Co., Class A * | 3,454 | 13,920 |
Fox Corp., Class A | 14,105 | 420,188 |
Gannett Co., Inc. * | 12,936 | 27,554 |
Gray Television, Inc. | 7,706 | 45,003 |
IAC, Inc. * | 1,123 | 63,786 |
iHeartMedia, Inc., Class A * | 17,098 | 47,361 |
Interpublic Group of Cos., Inc. | 7,689 | 241,435 |
John Wiley & Sons, Inc., Class A | 1,608 | 53,627 |
Liberty Broadband Corp., Class C * | 229 | 13,781 |
Liberty Media Corp.-Liberty Formula One, Class C * | 1,047 | 76,180 |
Liberty Media Corp.-Liberty Live, Class C * | 3,526 | 140,405 |
Liberty Media Corp.-Liberty SiriusXM, Class C * | 13,076 | 378,943 |
Lions Gate Entertainment Corp., Class A * | 6,709 | 65,144 |
Madison Square Garden Entertainment Corp. * | 367 | 14,126 |
Match Group, Inc. * | 1,882 | 67,827 |
Meta Platforms, Inc., Class A | 32,040 | 15,703,765 |
Netflix, Inc. * | 1,544 | 930,909 |
New York Times Co., Class A | 1,936 | 85,726 |
News Corp., Class A | 11,143 | 299,524 |
Nexstar Media Group, Inc. | 1,155 | 191,926 |
Omnicom Group, Inc. | 5,529 | 488,708 |
Paramount Global, Class B | 52,545 | 580,097 |
Pinterest, Inc., Class A * | 1,566 | 57,472 |
Roku, Inc. * | 487 | 30,769 |
Scholastic Corp. | 1,126 | 44,409 |
Shutterstock, Inc. | 348 | 16,968 |
Sinclair, Inc. | 1,849 | 27,458 |
Sirius XM Holdings, Inc. (a) | 15,586 | 68,890 |
Sphere Entertainment Co. * | 280 | 12,124 |
Spotify Technology SA * | 603 | 154,615 |
Taboola.com Ltd. * | 4,764 | 20,771 |
Take-Two Interactive Software, Inc. * | 1,120 | 164,562 |
TEGNA, Inc. | 7,694 | 107,793 |
Thryv Holdings, Inc. * | 1,979 | 41,440 |
Trade Desk, Inc., Class A * | 327 | 27,936 |
TripAdvisor, Inc. * | 2,405 | 64,502 |
Walt Disney Co. | 29,276 | 3,266,616 |
Warner Bros Discovery, Inc. * | 41,838 | 367,756 |
WideOpenWest, Inc. * | 3,281 | 13,124 |
Yelp, Inc. * | 1,920 | 73,805 |
Ziff Davis, Inc. * | 1,083 | 74,467 |
ZoomInfo Technologies, Inc. * | 1,057 | 17,715 |
47,656,171 | ||
Pharmaceuticals, Biotechnology & Life Sciences 5.3% | ||
AbbVie, Inc. | 20,686 | 3,641,770 |
Agilent Technologies, Inc. | 2,844 | 390,652 |
Alkermes PLC * | 923 | 27,404 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Amgen, Inc. | 10,880 | 2,979,270 |
Avantor, Inc. * | 5,472 | 134,830 |
Azenta, Inc. * | 563 | 36,680 |
Biogen, Inc. * | 3,288 | 713,463 |
BioMarin Pharmaceutical, Inc. * | 547 | 47,195 |
Bio-Rad Laboratories, Inc., Class A * | 225 | 73,323 |
Bio-Techne Corp. | 717 | 52,750 |
Bristol-Myers Squibb Co. | 38,243 | 1,940,832 |
Bruker Corp. | 928 | 80,309 |
Catalent, Inc. * | 2,442 | 140,024 |
Charles River Laboratories International, Inc. * | 486 | 123,536 |
Corcept Therapeutics, Inc. * | 920 | 21,620 |
Danaher Corp. | 4,027 | 1,019,395 |
Elanco Animal Health, Inc. * | 7,805 | 124,022 |
Eli Lilly & Co. | 2,441 | 1,839,733 |
Emergent BioSolutions, Inc. * | 13,108 | 42,339 |
Exact Sciences Corp. * | 285 | 16,396 |
Exelixis, Inc. * | 3,165 | 69,314 |
Fortrea Holdings, Inc. * | 2,359 | 88,557 |
Gilead Sciences, Inc. | 26,824 | 1,934,010 |
Halozyme Therapeutics, Inc. * | 496 | 19,746 |
ICON PLC, ADR * | 532 | 170,570 |
Illumina, Inc. * | 1,406 | 196,601 |
Incyte Corp. * | 1,134 | 66,180 |
Innoviva, Inc. * | 2,369 | 36,198 |
IQVIA Holdings, Inc. * | 2,486 | 614,440 |
Jazz Pharmaceuticals PLC * | 1,013 | 120,446 |
Johnson & Johnson | 40,063 | 6,465,367 |
Medpace Holdings, Inc. * | 123 | 48,895 |
Merck & Co., Inc. | 31,089 | 3,952,966 |
Mettler-Toledo International, Inc. * | 166 | 207,039 |
Moderna, Inc. * | 2,205 | 203,389 |
Mural Oncology PLC * | 84 | 444 |
Myriad Genetics, Inc. * | 1,226 | 25,660 |
Neurocrine Biosciences, Inc. * | 241 | 31,426 |
Organon & Co. | 23,340 | 406,349 |
Perrigo Co. PLC | 6,155 | 161,630 |
Pfizer, Inc. | 140,493 | 3,731,494 |
Prestige Consumer Healthcare, Inc. * | 828 | 57,612 |
Regeneron Pharmaceuticals, Inc. * | 947 | 914,887 |
Repligen Corp. * | 108 | 20,951 |
Revvity, Inc. | 1,463 | 160,330 |
Royalty Pharma PLC, Class A | 3,146 | 95,450 |
Supernus Pharmaceuticals, Inc. * | 697 | 20,701 |
Thermo Fisher Scientific, Inc. | 3,033 | 1,729,356 |
United Therapeutics Corp. * | 479 | 108,082 |
Vertex Pharmaceuticals, Inc. * | 1,065 | 448,088 |
Viatris, Inc. | 54,520 | 674,412 |
Waters Corp. * | 818 | 276,010 |
West Pharmaceutical Services, Inc. | 349 | 125,068 |
Zoetis, Inc. | 2,766 | 548,581 |
37,175,792 | ||
Real Estate Management & Development 0.3% | ||
Anywhere Real Estate, Inc. * | 22,775 | 142,799 |
CBRE Group, Inc., Class A * | 6,894 | 633,490 |
CoStar Group, Inc. * | 1,089 | 94,776 |
Cushman & Wakefield PLC * | 6,993 | 69,860 |
DigitalBridge Group, Inc. | 9,473 | 174,019 |
Douglas Elliman, Inc. | 7,433 | 13,677 |
eXp World Holdings, Inc. | 1,338 | 17,528 |
Howard Hughes Holdings, Inc. * | 451 | 34,456 |
Jones Lang LaSalle, Inc. * | 2,446 | 465,327 |
Kennedy-Wilson Holdings, Inc. | 3,524 | 30,941 |
Marcus & Millichap, Inc. | 732 | 26,857 |
Newmark Group, Inc., Class A | 5,340 | 57,619 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Opendoor Technologies, Inc. * | 14,418 | 44,407 |
RMR Group, Inc., Class A | 631 | 15,440 |
Star Holdings * | 1,278 | 15,783 |
Zillow Group, Inc., Class C * | 1,591 | 89,335 |
1,926,314 | ||
Semiconductors & Semiconductor Equipment 4.9% | ||
Advanced Micro Devices, Inc. * | 4,265 | 821,140 |
Amkor Technology, Inc. | 3,367 | 104,444 |
Analog Devices, Inc. | 3,608 | 692,086 |
Applied Materials, Inc. | 10,719 | 2,161,165 |
Axcelis Technologies, Inc. * | 172 | 19,379 |
Broadcom, Inc. | 3,451 | 4,487,991 |
Cirrus Logic, Inc. * | 1,245 | 114,316 |
Cohu, Inc. * | 615 | 19,760 |
Diodes, Inc. * | 770 | 52,345 |
Enphase Energy, Inc. * | 178 | 22,608 |
Entegris, Inc. | 974 | 130,867 |
First Solar, Inc. * | 736 | 113,263 |
FormFactor, Inc. * | 931 | 40,061 |
GLOBALFOUNDRIES, Inc. * | 468 | 25,585 |
Ichor Holdings Ltd. * | 800 | 34,240 |
Intel Corp. | 225,286 | 9,698,562 |
KLA Corp. | 962 | 656,373 |
Kulicke & Soffa Industries, Inc. | 1,075 | 51,191 |
Lam Research Corp. | 1,637 | 1,535,915 |
Lattice Semiconductor Corp. * | 283 | 21,681 |
Magnachip Semiconductor Corp. * | 2,844 | 16,211 |
Marvell Technology, Inc. | 3,651 | 261,631 |
Microchip Technology, Inc. | 4,235 | 356,333 |
Micron Technology, Inc. | 31,483 | 2,852,675 |
MKS Instruments, Inc. | 1,238 | 151,977 |
Monolithic Power Systems, Inc. | 104 | 74,884 |
NVIDIA Corp. | 3,093 | 2,446,934 |
NXP Semiconductors NV | 3,183 | 794,890 |
ON Semiconductor Corp. * | 3,012 | 237,707 |
Onto Innovation, Inc. * | 289 | 53,222 |
Photronics, Inc. * | 1,669 | 48,050 |
Power Integrations, Inc. | 507 | 36,230 |
Qorvo, Inc. * | 3,125 | 357,969 |
QUALCOMM, Inc. | 20,235 | 3,192,881 |
Semtech Corp. * | 1,818 | 38,542 |
Silicon Laboratories, Inc. * | 606 | 83,349 |
Skyworks Solutions, Inc. | 3,091 | 324,308 |
SMART Global Holdings, Inc. * | 1,365 | 29,033 |
SolarEdge Technologies, Inc. * | 263 | 17,666 |
Synaptics, Inc. * | 510 | 51,051 |
Teradyne, Inc. | 2,458 | 254,624 |
Texas Instruments, Inc. | 11,775 | 1,970,311 |
Ultra Clean Holdings, Inc. * | 1,198 | 51,754 |
Universal Display Corp. | 230 | 40,117 |
Wolfspeed, Inc. * | 488 | 12,698 |
34,558,019 | ||
Software & Services 5.3% | ||
Accenture PLC, Class A | 6,525 | 2,445,439 |
ACI Worldwide, Inc. * | 2,041 | 67,169 |
Adobe, Inc. * | 2,526 | 1,415,267 |
Akamai Technologies, Inc. * | 2,456 | 272,420 |
Alarm.com Holdings, Inc. * | 341 | 25,810 |
Amdocs Ltd. | 2,929 | 267,125 |
ANSYS, Inc. * | 403 | 134,671 |
AppLovin Corp., Class A * | 1,025 | 61,213 |
Autodesk, Inc. * | 759 | 195,951 |
Bentley Systems, Inc., Class B | 741 | 38,065 |
Blackbaud, Inc. * | 359 | 24,836 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Cadence Design Systems, Inc. * | 785 | 238,938 |
Cerence, Inc. * | 1,011 | 15,064 |
Check Point Software Technologies Ltd. * | 1,508 | 241,913 |
Cognizant Technology Solutions Corp., Class A | 16,387 | 1,294,901 |
CommVault Systems, Inc. * | 635 | 60,776 |
Consensus Cloud Solutions, Inc. * | 651 | 10,364 |
Dolby Laboratories, Inc., Class A | 849 | 68,769 |
Dropbox, Inc., Class A * | 3,730 | 89,334 |
DXC Technology Co. * | 14,857 | 324,774 |
Envestnet, Inc. * | 544 | 28,032 |
EPAM Systems, Inc. * | 395 | 120,238 |
Fair Isaac Corp. * | 120 | 152,389 |
Fortinet, Inc. * | 2,055 | 142,021 |
Gartner, Inc. * | 444 | 206,709 |
Gen Digital, Inc. | 9,744 | 209,399 |
Globant SA * | 183 | 40,840 |
GoDaddy, Inc., Class A * | 1,198 | 136,752 |
Guidewire Software, Inc. * | 237 | 28,284 |
InterDigital, Inc. | 514 | 55,008 |
International Business Machines Corp. | 22,325 | 4,130,795 |
Intuit, Inc. | 1,203 | 797,457 |
Kyndryl Holdings, Inc. * | 18,315 | 402,381 |
LiveRamp Holdings, Inc. * | 1,463 | 51,176 |
Manhattan Associates, Inc. * | 266 | 67,386 |
Microsoft Corp. | 43,996 | 18,198,505 |
NCR Voyix Corp. * | 5,127 | 74,905 |
Oracle Corp. | 21,016 | 2,347,067 |
Palantir Technologies, Inc., Class A * | 1,794 | 44,994 |
Palo Alto Networks, Inc. * | 765 | 237,571 |
Pegasystems, Inc. | 480 | 31,219 |
Perficient, Inc. * | 340 | 22,056 |
Progress Software Corp. | 470 | 25,079 |
PTC, Inc. * | 325 | 59,478 |
Qualys, Inc. * | 209 | 35,919 |
Rackspace Technology, Inc. * | 11,038 | 23,290 |
RingCentral, Inc., Class A * | 1,383 | 46,220 |
Roper Technologies, Inc. | 673 | 366,603 |
Salesforce, Inc. * | 3,455 | 1,066,973 |
ServiceNow, Inc. * | 160 | 123,414 |
Snowflake, Inc., Class A * | 101 | 19,016 |
Splunk, Inc. * | 723 | 112,947 |
SPS Commerce, Inc. * | 102 | 18,886 |
Synopsys, Inc. * | 426 | 244,409 |
Teradata Corp. * | 1,981 | 74,525 |
Twilio, Inc., Class A * | 712 | 42,428 |
Tyler Technologies, Inc. * | 134 | 58,577 |
Unisys Corp. * | 7,141 | 37,062 |
Verint Systems, Inc. * | 656 | 20,736 |
VeriSign, Inc. * | 547 | 106,824 |
Workday, Inc., Class A * | 237 | 69,834 |
Zoom Video Communications, Inc., Class A * | 1,073 | 75,893 |
37,446,096 | ||
Technology Hardware & Equipment 6.2% | ||
ADTRAN Holdings, Inc. | 2,285 | 13,002 |
Advanced Energy Industries, Inc. | 460 | 46,552 |
Amphenol Corp., Class A | 5,121 | 559,418 |
Apple, Inc. | 139,207 | 25,161,665 |
Arista Networks, Inc. * | 802 | 222,587 |
Arrow Electronics, Inc. * | 4,300 | 505,250 |
Avnet, Inc. | 10,068 | 469,068 |
Badger Meter, Inc. | 189 | 29,992 |
Belden, Inc. | 752 | 64,055 |
Benchmark Electronics, Inc. | 3,178 | 97,596 |
CDW Corp. | 1,835 | 451,795 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Ciena Corp. * | 3,236 | 184,387 |
Cisco Systems, Inc. | 100,688 | 4,870,279 |
Cognex Corp. | 1,720 | 67,854 |
Coherent Corp. * | 1,477 | 87,852 |
CommScope Holding Co., Inc. * | 21,844 | 25,448 |
Comtech Telecommunications Corp. * | 1,720 | 11,627 |
Corning, Inc. | 22,332 | 719,984 |
Crane NXT Co. | 774 | 45,217 |
CTS Corp. | 575 | 25,622 |
ePlus, Inc. * | 825 | 67,972 |
F5, Inc. * | 1,103 | 206,504 |
Fabrinet * | 539 | 116,192 |
Flex Ltd. * | 14,148 | 398,266 |
Hewlett Packard Enterprise Co. | 73,643 | 1,121,583 |
HP, Inc. | 40,539 | 1,148,470 |
Insight Enterprises, Inc. * | 876 | 164,688 |
IPG Photonics Corp. * | 687 | 59,322 |
Itron, Inc. * | 771 | 71,456 |
Jabil, Inc. | 3,498 | 504,027 |
Juniper Networks, Inc. | 10,706 | 396,443 |
Keysight Technologies, Inc. * | 1,218 | 187,937 |
Knowles Corp. * | 2,394 | 39,118 |
Littelfuse, Inc. | 325 | 77,428 |
Lumentum Holdings, Inc. * | 1,304 | 63,205 |
Methode Electronics, Inc. | 1,401 | 29,841 |
Motorola Solutions, Inc. | 1,060 | 350,213 |
NetApp, Inc. | 5,335 | 475,455 |
NETGEAR, Inc. * | 2,713 | 40,668 |
NetScout Systems, Inc. * | 2,181 | 47,219 |
Novanta, Inc. * | 135 | 23,347 |
OSI Systems, Inc. * | 376 | 49,324 |
PC Connection, Inc. | 756 | 50,183 |
Plexus Corp. * | 907 | 85,621 |
Pure Storage, Inc., Class A * | 541 | 28,484 |
Rogers Corp. * | 312 | 34,966 |
Sanmina Corp. * | 3,349 | 211,657 |
ScanSource, Inc. * | 2,205 | 95,322 |
Seagate Technology Holdings PLC | 7,415 | 689,966 |
Super Micro Computer, Inc. * | 453 | 392,352 |
TD SYNNEX Corp. | 1,173 | 121,875 |
TE Connectivity Ltd. | 4,978 | 714,642 |
Teledyne Technologies, Inc. * | 338 | 144,417 |
Trimble, Inc. * | 3,115 | 190,607 |
TTM Technologies, Inc. * | 5,754 | 85,447 |
Viasat, Inc. * | 2,476 | 48,455 |
Viavi Solutions, Inc. * | 4,165 | 39,776 |
Vishay Intertechnology, Inc. | 4,602 | 100,094 |
Vontier Corp. | 2,586 | 111,198 |
Western Digital Corp. * | 17,003 | 1,011,168 |
Xerox Holdings Corp. | 16,370 | 305,301 |
Zebra Technologies Corp., Class A * | 668 | 186,693 |
43,946,152 | ||
Telecommunication Services 2.7% | ||
AT&T, Inc. | 445,976 | 7,550,374 |
ATN International, Inc. | 482 | 16,166 |
Cogent Communications Holdings, Inc. | 541 | 43,772 |
Consolidated Communications Holdings, Inc. * | 9,200 | 39,652 |
Frontier Communications Parent, Inc. * | 5,604 | 132,703 |
GCI Liberty, Inc. *(c) | 188 | 0 |
Iridium Communications, Inc. | 807 | 23,363 |
Liberty Global Ltd., Class C * | 31,314 | 580,875 |
Liberty Latin America Ltd., Class C * | 12,880 | 83,978 |
Lumen Technologies, Inc. * | 522,562 | 846,550 |
Shenandoah Telecommunications Co. | 1,861 | 34,726 |
Telephone & Data Systems, Inc. | 14,529 | 222,294 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
T-Mobile U.S., Inc. | 7,948 | 1,297,908 |
Verizon Communications, Inc. | 211,422 | 8,461,108 |
19,333,469 | ||
Transportation 2.1% | ||
Air Transport Services Group, Inc. * | 2,682 | 32,372 |
Alaska Air Group, Inc. * | 1,070 | 40,007 |
American Airlines Group, Inc. * | 4,048 | 63,473 |
ArcBest Corp. | 871 | 124,431 |
Avis Budget Group, Inc. | 1,062 | 114,738 |
CH Robinson Worldwide, Inc. | 4,402 | 326,100 |
Costamare, Inc. | 1,839 | 20,909 |
Covenant Logistics Group, Inc. | 496 | 24,145 |
CSX Corp. | 44,644 | 1,693,793 |
Danaos Corp. | 328 | 23,600 |
Daseke, Inc. * | 12,954 | 106,871 |
Delta Air Lines, Inc. | 3,600 | 152,172 |
Expeditors International of Washington, Inc. | 3,454 | 413,098 |
FedEx Corp. | 7,854 | 1,955,410 |
Forward Air Corp. | 716 | 26,585 |
Genco Shipping & Trading Ltd. | 1,072 | 21,869 |
Golden Ocean Group Ltd. | 4,575 | 58,880 |
GXO Logistics, Inc. * | 2,261 | 117,029 |
Heartland Express, Inc. | 1,856 | 23,720 |
Hub Group, Inc., Class A * | 2,611 | 111,046 |
JB Hunt Transport Services, Inc. | 1,561 | 322,050 |
JetBlue Airways Corp. * | 6,523 | 42,269 |
Kirby Corp. * | 935 | 82,018 |
Knight-Swift Transportation Holdings, Inc. | 4,377 | 246,600 |
Landstar System, Inc. | 850 | 161,670 |
Lyft, Inc., Class A * | 3,052 | 48,466 |
Marten Transport Ltd. | 1,759 | 33,157 |
Matson, Inc. | 303 | 33,648 |
Norfolk Southern Corp. | 5,592 | 1,416,901 |
Old Dominion Freight Line, Inc. | 772 | 341,595 |
RXO, Inc. * | 4,607 | 99,143 |
Ryder System, Inc. | 3,225 | 367,973 |
Saia, Inc. * | 240 | 138,096 |
Schneider National, Inc., Class B | 2,426 | 57,132 |
SkyWest, Inc. * | 941 | 60,431 |
Southwest Airlines Co. | 5,477 | 187,697 |
Spirit Airlines, Inc. | 1,136 | 7,327 |
Star Bulk Carriers Corp. | 1,520 | 36,282 |
Uber Technologies, Inc. * | 4,284 | 340,578 |
U-Haul Holding Co., Non Voting Shares | 1,849 | 117,541 |
Union Pacific Corp. | 11,782 | 2,988,976 |
United Airlines Holdings, Inc. * | 2,488 | 113,179 |
United Parcel Service, Inc., Class B | 10,760 | 1,595,278 |
Werner Enterprises, Inc. | 2,897 | 116,286 |
XPO, Inc. * | 1,706 | 205,266 |
ZIM Integrated Shipping Services Ltd. (a) | 14,736 | 175,506 |
14,785,313 | ||
Utilities 3.0% | ||
AES Corp. | 22,381 | 340,191 |
ALLETE, Inc. | 1,429 | 80,939 |
Alliant Energy Corp. | 4,724 | 225,571 |
Ameren Corp. | 4,968 | 353,672 |
American Electric Power Co., Inc. | 11,907 | 1,014,357 |
American States Water Co. | 389 | 27,779 |
American Water Works Co., Inc. | 2,058 | 243,955 |
Atlantica Sustainable Infrastructure PLC | 2,129 | 38,237 |
Atmos Energy Corp. | 1,883 | 212,610 |
Avangrid, Inc. | 2,163 | 67,334 |
Avista Corp. | 2,254 | 74,833 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Black Hills Corp. | 1,907 | 99,221 |
California Water Service Group | 706 | 32,398 |
CenterPoint Energy, Inc. | 13,861 | 381,178 |
Chesapeake Utilities Corp. | 252 | 25,712 |
Clearway Energy, Inc., Class C | 1,375 | 29,975 |
CMS Energy Corp. | 6,168 | 353,858 |
Consolidated Edison, Inc. | 8,631 | 752,710 |
Constellation Energy Corp. | 4,236 | 713,554 |
Dominion Energy, Inc. | 22,055 | 1,054,891 |
DTE Energy Co. | 4,536 | 491,476 |
Duke Energy Corp. | 19,787 | 1,817,040 |
Edison International | 8,566 | 582,659 |
Entergy Corp. | 5,720 | 580,980 |
Essential Utilities, Inc. | 2,609 | 90,741 |
Evergy, Inc. | 7,716 | 382,251 |
Eversource Energy | 7,973 | 468,015 |
Exelon Corp. | 28,945 | 1,037,389 |
FirstEnergy Corp. | 15,922 | 582,904 |
Hawaiian Electric Industries, Inc. | 5,312 | 64,700 |
IDACORP, Inc. | 920 | 81,061 |
MGE Energy, Inc. | 497 | 31,405 |
National Fuel Gas Co. | 2,140 | 104,304 |
New Jersey Resources Corp. | 1,733 | 72,110 |
NextEra Energy, Inc. | 22,373 | 1,234,766 |
NiSource, Inc. | 8,981 | 234,045 |
Northwest Natural Holding Co. | 933 | 34,278 |
Northwestern Energy Group, Inc. | 1,557 | 74,611 |
NRG Energy, Inc. | 10,476 | 579,532 |
OGE Energy Corp. | 4,955 | 163,069 |
ONE Gas, Inc. | 1,191 | 70,984 |
Ormat Technologies, Inc. | 575 | 37,461 |
Otter Tail Corp. | 643 | 58,166 |
PG&E Corp. | 8,610 | 143,701 |
Pinnacle West Capital Corp. | 3,331 | 227,607 |
PNM Resources, Inc. | 1,974 | 72,071 |
Portland General Electric Co. | 2,485 | 99,823 |
PPL Corp. | 24,972 | 658,512 |
Public Service Enterprise Group, Inc. | 9,682 | 604,157 |
ReNew Energy Global PLC, Class A * | 3,484 | 22,646 |
Sempra | 9,665 | 682,349 |
SJW Group | 357 | 19,656 |
Southern Co. | 22,099 | 1,486,158 |
Southwest Gas Holdings, Inc. | 2,019 | 137,595 |
Spire, Inc. | 1,413 | 83,819 |
UGI Corp. | 11,213 | 274,494 |
Unitil Corp. | 448 | 22,830 |
Vistra Corp. | 13,286 | 724,618 |
WEC Energy Group, Inc. | 5,715 | 448,570 |
Xcel Energy, Inc. | 11,290 | 594,870 |
21,300,398 | ||
Total Common Stocks (Cost $536,519,177) | 703,358,378 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
INVESTMENT COMPANIES 0.0% OF NET ASSETS | ||
Equity Funds 0.0% | ||
iShares Core S&P Total U.S. Stock Market ETF | 3,000 | 336,000 |
Total Investment Companies (Cost $306,758) | 336,000 |
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% (d) | 494,110 | 494,110 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (d)(e) | 781,491 | 781,491 |
1,275,601 | ||
Total Short-Term Investments (Cost $1,275,601) | 1,275,601 | |
Total Investments in Securities (Cost $538,101,536) | 704,969,979 |
NUMBER OF CONTRACTS | NOTIONAL AMOUNT ($) | CURRENT VALUE/ UNREALIZED APPRECIATION ($) | |
FUTURES CONTRACTS | |||
Long | |||
S&P 500 Index, e-mini, expires 03/15/24 | 5 | 1,275,938 | 12,472 |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $759,900. |
(b) | Issuer is affiliated with the fund’s investment adviser. |
(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. |
ADR — | American Depositary Receipt |
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 2/29/24 | BALANCE OF SHARES HELD AT 2/29/24 | DIVIDENDS RECEIVED |
COMMON STOCKS 0.1% OF NET ASSETS | ||||||||
Financial Services 0.1% | ||||||||
Charles Schwab Corp. | $446,326 | $315,449 | ($23,890 ) | ($5,571 ) | ($30,456 ) | $701,858 | 10,510 | $7,972 |
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 | $644,376,607 | $— | $— | $644,376,607 |
Health Care Equipment & Services | 39,648,302 | — | 0 * | 39,648,302 |
Telecommunication Services | 19,333,469 | — | 0 * | 19,333,469 |
Investment Companies1 | 336,000 | — | — | 336,000 |
Short-Term Investments1 | 1,275,601 | — | — | 1,275,601 |
Futures Contracts2 | 12,472 | — | — | 12,472 |
Total | $704,982,451 | $— | $0 | $704,982,451 |
* | Level 3 amount shown includes securities determined to have no value at February 29, 2024. |
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 $576,499) | $701,858 | |
Investments in securities, at value - unaffiliated (cost $537,525,037) including securities on loan of $759,900 | 704,268,121 | |
Deposit with broker for futures contracts | 70,800 | |
Receivables: | ||
Fund shares sold | 3,160,302 | |
Dividends | 1,410,408 | |
Investments sold | 41,658 | |
Variation margin on future contracts | 4,748 | |
Income from securities on loan | 3,887 | |
Foreign tax reclaims | + | 820 |
Total assets | 709,662,602 | |
Liabilities | ||
Collateral held for securities on loan | 781,491 | |
Payables: | ||
Investments bought | 3,740,517 | |
Management fees | + | 135,110 |
Total liabilities | 4,657,118 | |
Net assets | $705,005,484 | |
Net Assets by Source | ||
Capital received from investors | $561,898,592 | |
Total distributable earnings | + | 143,106,892 |
Net assets | $705,005,484 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$705,005,484 | 11,100,000 | $63.51 | ||
For the period March 1, 2023 through February 29, 2024 | ||
Investment Income | ||
Dividends received from securities - unaffiliated (net of foreign withholding tax of $5,650) | $12,463,364 | |
Dividends received from securities - affiliated | 7,972 | |
Interest received from securities - unaffiliated | 3,265 | |
Securities on loan, net | + | 36,326 |
Total investment income | 12,510,927 | |
Expenses | ||
Management fees | 1,371,738 | |
Total expenses | – | 1,371,738 |
Net investment income | 11,139,189 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - affiliated | (7,642 ) | |
Net realized losses on sales of securities - unaffiliated | (3,217,942 ) | |
Net realized gains on sales of in-kind redemptions - affiliated | 2,071 | |
Net realized gains on sales of in-kind redemptions - unaffiliated | 13,734,206 | |
Net realized gains on futures contracts | + | 129,801 |
Net realized gains | 10,640,494 | |
Net change in unrealized appreciation (depreciation) on securities - affiliated | (30,456 ) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | 83,997,300 | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | 24,234 |
Net change in unrealized appreciation (depreciation) | + | 83,991,078 |
Net realized and unrealized gains | 94,631,572 | |
Increase in net assets resulting from operations | $105,770,761 |
OPERATIONS | |||
3/1/23-2/29/24 | 3/1/22-2/28/23 | ||
Net investment income | $11,139,189 | $9,113,094 | |
Net realized gains | 10,640,494 | 16,436,928 | |
Net change in unrealized appreciation (depreciation) | + | 83,991,078 | (31,684,296 ) |
Increase (decrease) in net assets resulting from operations | $105,770,761 | ($6,134,274 ) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($10,452,300 ) | ($8,668,580 ) |
TRANSACTIONS IN FUND SHARES | |||||
3/1/23-2/29/24 | 3/1/22-2/28/23 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 2,550,000 | $145,817,434 | 2,300,000 | $122,514,839 | |
Shares redeemed | + | (400,000 ) | (22,410,331 ) | (900,000 ) | (46,772,595 ) |
Net transactions in fund shares | 2,150,000 | $123,407,103 | 1,400,000 | $75,742,244 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
3/1/23-2/29/24 | 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 | + | 2,150,000 | 218,725,564 | 1,400,000 | 60,939,390 |
End of period | 11,100,000 | $705,005,484 | 8,950,000 | $486,279,920 |
3/1/23– 2/29/24 | 3/1/22– 2/28/23 | 3/1/21– 2/28/22 | 3/1/20– 2/28/21 | 3/1/19– 2/29/20 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $54.91 | $56.98 | $48.49 | $37.67 | $37.83 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 1.18 | 1.12 | 1.02 | 0.98 | 0.99 | |
Net realized and unrealized gains (losses) | 9.66 | (2.09 ) | 8.43 | 10.88 | (0.20 ) | |
Total from investment operations | 10.84 | (0.97 ) | 9.45 | 11.86 | 0.79 | |
Less distributions: | ||||||
Distributions from net investment income | (1.13 ) | (1.10 ) | (0.96 ) | (1.04 ) | (0.95 ) | |
Net asset value at end of period | $64.62 | $54.91 | $56.98 | $48.49 | $37.67 | |
Total return | 20.06 % | (1.61 %) | 19.61 % | 32.40 % | 1.98 % | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.25 % | 0.25 %2 | 0.25 % | 0.25 % | 0.25 % | |
Net investment income (loss) | 2.05 % | 2.07 % | 1.84 % | 2.49 % | 2.47 % | |
Portfolio turnover rate3 | 10 % | 12 % | 11 % | 13 % | 12 % | |
Net assets, end of period (x 1,000,000) | $14,508 | $10,373 | $9,889 | $5,863 | $5,558 |
1 | Calculated based on the average shares outstanding during the period. |
2 | Ratio includes less than 0.005% of non-routine proxy expenses. |
3 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY | NUMBER OF SHARES | VALUE ($) |
COMMON STOCKS 99.8% OF NET ASSETS | ||
Automobiles & Components 1.6% | ||
Adient PLC * | 86,953 | 2,951,185 |
Aptiv PLC * | 120,218 | 9,556,129 |
Autoliv, Inc. | 56,515 | 6,557,435 |
BorgWarner, Inc. | 193,362 | 6,019,359 |
Dana, Inc. | 216,995 | 2,712,437 |
Ford Motor Co. | 4,342,673 | 54,022,852 |
General Motors Co. | 2,333,269 | 95,617,364 |
Gentex Corp. | 149,164 | 5,448,961 |
Goodyear Tire & Rubber Co. * | 545,786 | 6,483,938 |
Harley-Davidson, Inc. | 101,632 | 3,686,193 |
Lear Corp. | 76,660 | 10,529,251 |
Phinia, Inc. | 38,123 | 1,304,569 |
Tesla, Inc. * | 76,915 | 15,527,600 |
Thor Industries, Inc. | 54,822 | 7,027,084 |
227,444,357 | ||
Banks 7.3% | ||
Bank of America Corp. | 5,115,392 | 176,583,332 |
Citigroup, Inc. | 3,104,623 | 172,275,530 |
Citizens Financial Group, Inc. | 378,139 | 11,869,783 |
Comerica, Inc. | 154,859 | 7,646,937 |
Credicorp Ltd. | 44,934 | 7,678,322 |
East West Bancorp, Inc. | 50,342 | 3,667,918 |
Fifth Third Bancorp | 500,695 | 17,193,866 |
First Horizon Corp. | 244,172 | 3,442,825 |
Huntington Bancshares, Inc. | 667,663 | 8,706,326 |
JPMorgan Chase & Co. | 1,600,442 | 297,778,239 |
KeyCorp | 906,663 | 12,938,081 |
M&T Bank Corp. | 95,984 | 13,412,804 |
New York Community Bancorp, Inc. (a) | 289,479 | 1,386,604 |
PNC Financial Services Group, Inc. | 251,866 | 37,074,675 |
Popular, Inc. | 57,524 | 4,813,608 |
Regions Financial Corp. | 490,188 | 9,132,203 |
Synovus Financial Corp. | 85,835 | 3,256,580 |
Truist Financial Corp. | 780,454 | 27,300,281 |
U.S. Bancorp | 1,048,613 | 43,999,802 |
Wells Fargo & Co. | 3,548,808 | 197,278,237 |
Zions Bancorp NA | 171,014 | 6,743,082 |
1,064,179,035 | ||
Capital Goods 6.7% | ||
3M Co. | 453,380 | 41,765,366 |
A O Smith Corp. | 50,062 | 4,150,140 |
Acuity Brands, Inc. | 24,318 | 6,109,654 |
AECOM | 67,998 | 6,040,262 |
AerCap Holdings NV * | 54,374 | 4,196,585 |
AGCO Corp. | 40,603 | 4,454,149 |
Air Lease Corp. | 64,890 | 2,602,089 |
Allegion PLC | 28,355 | 3,625,754 |
Allison Transmission Holdings, Inc. | 90,872 | 6,845,388 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
AMETEK, Inc. | 41,466 | 7,471,344 |
Boeing Co. * | 152,568 | 31,081,153 |
Boise Cascade Co. | 43,025 | 5,847,528 |
Carlisle Cos., Inc. | 19,803 | 6,931,050 |
Carrier Global Corp. | 279,788 | 15,550,617 |
Caterpillar, Inc. | 190,084 | 63,480,453 |
CNH Industrial NV | 199,391 | 2,382,722 |
Cummins, Inc. | 92,089 | 24,736,026 |
Curtiss-Wright Corp. | 14,883 | 3,516,406 |
Deere & Co. | 73,793 | 26,938,135 |
Donaldson Co., Inc. | 46,239 | 3,311,637 |
Dover Corp. | 50,838 | 8,407,588 |
Eaton Corp. PLC | 130,539 | 37,725,771 |
EMCOR Group, Inc. | 26,705 | 8,372,552 |
Emerson Electric Co. | 250,103 | 26,723,506 |
Fastenal Co. | 149,847 | 10,940,329 |
Flowserve Corp. | 67,546 | 2,858,547 |
Fluor Corp. * | 86,776 | 3,193,357 |
Fortive Corp. | 67,522 | 5,748,148 |
Fortune Brands Innovations, Inc. | 77,757 | 6,324,754 |
General Dynamics Corp. | 123,438 | 33,729,434 |
General Electric Co. | 210,068 | 32,957,569 |
Graco, Inc. | 36,349 | 3,317,210 |
Hexcel Corp. | 33,575 | 2,499,995 |
Honeywell International, Inc. | 253,836 | 50,444,828 |
Howmet Aerospace, Inc. | 119,836 | 7,975,086 |
Hubbell, Inc. | 14,351 | 5,462,995 |
Huntington Ingalls Industries, Inc. | 27,492 | 8,017,217 |
IDEX Corp. | 16,419 | 3,873,242 |
Illinois Tool Works, Inc. | 89,821 | 23,546,575 |
Ingersoll Rand, Inc. | 49,043 | 4,479,097 |
ITT, Inc. | 31,199 | 3,935,442 |
Johnson Controls International PLC | 318,114 | 18,854,617 |
L3Harris Technologies, Inc. | 103,640 | 21,936,442 |
Lennox International, Inc. | 9,548 | 4,499,113 |
Lincoln Electric Holdings, Inc. | 15,937 | 4,089,434 |
Lockheed Martin Corp. | 95,290 | 40,806,990 |
Masco Corp. | 118,229 | 9,075,258 |
MasTec, Inc. * | 41,805 | 3,154,605 |
MDU Resources Group, Inc. | 137,850 | 2,988,588 |
Middleby Corp. * | 18,149 | 2,761,552 |
MSC Industrial Direct Co., Inc., Class A | 27,232 | 2,748,798 |
Mueller Industries, Inc. | 68,571 | 3,523,178 |
Nordson Corp. | 12,089 | 3,211,443 |
Northrop Grumman Corp. | 59,656 | 27,502,609 |
nVent Electric PLC | 56,332 | 3,792,270 |
Oshkosh Corp. | 58,779 | 6,516,240 |
Otis Worldwide Corp. | 78,554 | 7,486,196 |
Owens Corning | 58,157 | 8,710,755 |
PACCAR, Inc. | 218,727 | 24,254,637 |
Parker-Hannifin Corp. | 33,645 | 18,015,215 |
Pentair PLC | 68,470 | 5,326,281 |
Quanta Services, Inc. | 41,319 | 9,978,952 |
Regal Rexnord Corp. | 27,083 | 4,644,464 |
Resideo Technologies, Inc. * | 147,526 | 3,294,256 |
Rockwell Automation, Inc. | 29,337 | 8,363,392 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
RTX Corp. | 444,217 | 39,832,938 |
Sensata Technologies Holding PLC | 83,593 | 2,877,271 |
Snap-on, Inc. | 24,032 | 6,624,661 |
Spirit AeroSystems Holdings, Inc., Class A * | 99,252 | 2,838,607 |
Stanley Black & Decker, Inc. | 128,286 | 11,454,657 |
Textron, Inc. | 113,262 | 10,088,246 |
Timken Co. | 34,506 | 2,898,159 |
Toro Co. | 30,447 | 2,810,563 |
Trane Technologies PLC | 53,999 | 15,226,098 |
TransDigm Group, Inc. | 10,484 | 12,347,426 |
UFP Industries, Inc. | 42,410 | 4,861,458 |
United Rentals, Inc. | 28,730 | 19,917,647 |
Watsco, Inc. | 11,121 | 4,383,009 |
WESCO International, Inc. | 26,231 | 3,921,272 |
Westinghouse Air Brake Technologies Corp. | 56,095 | 7,925,663 |
WW Grainger, Inc. | 12,238 | 11,913,204 |
Xylem, Inc. | 48,828 | 6,203,597 |
973,229,461 | ||
Commercial & Professional Services 1.2% | ||
ABM Industries, Inc. | 65,313 | 2,698,080 |
ASGN, Inc. * | 31,926 | 3,170,890 |
Automatic Data Processing, Inc. | 80,519 | 20,220,737 |
Booz Allen Hamilton Holding Corp., Class A | 42,654 | 6,300,422 |
Broadridge Financial Solutions, Inc. | 27,762 | 5,651,788 |
CACI International, Inc., Class A * | 11,306 | 4,238,054 |
Cintas Corp. | 18,198 | 11,439,445 |
Concentrix Corp. | 25,324 | 1,834,724 |
Copart, Inc. * | 72,842 | 3,871,552 |
Equifax, Inc. | 19,561 | 5,351,694 |
Genpact Ltd. | 83,052 | 2,823,768 |
Jacobs Solutions, Inc. | 58,502 | 8,579,318 |
KBR, Inc. | 45,246 | 2,716,117 |
Leidos Holdings, Inc. | 81,043 | 10,362,158 |
ManpowerGroup, Inc. | 102,205 | 7,375,113 |
Maximus, Inc. | 32,584 | 2,725,977 |
Paychex, Inc. | 68,681 | 8,421,664 |
Republic Services, Inc. | 55,065 | 10,109,934 |
Robert Half, Inc. | 70,905 | 5,700,762 |
Science Applications International Corp. | 31,163 | 4,361,574 |
SS&C Technologies Holdings, Inc. | 74,773 | 4,767,527 |
TransUnion | 41,856 | 3,249,281 |
Veralto Corp. | 29,599 | 2,557,946 |
Verisk Analytics, Inc. | 24,006 | 5,807,051 |
Vestis Corp. | 64,386 | 1,207,881 |
Waste Management, Inc. | 120,718 | 24,825,657 |
170,369,114 | ||
Consumer Discretionary Distribution & Retail 4.7% | ||
Academy Sports & Outdoors, Inc. | 46,633 | 3,484,418 |
Advance Auto Parts, Inc. | 80,960 | 5,468,038 |
Amazon.com, Inc. * | 1,273,815 | 225,159,539 |
Asbury Automotive Group, Inc. * | 12,944 | 2,703,096 |
AutoNation, Inc. * | 46,055 | 6,899,039 |
AutoZone, Inc. * | 2,844 | 8,549,121 |
Bath & Body Works, Inc. | 137,132 | 6,266,932 |
Best Buy Co., Inc. | 287,906 | 23,285,837 |
Big Lots, Inc. | 497,796 | 2,698,054 |
Burlington Stores, Inc. * | 17,030 | 3,492,853 |
CarMax, Inc. * | 126,419 | 9,987,101 |
Dick's Sporting Goods, Inc. | 35,578 | 6,328,970 |
eBay, Inc. | 478,052 | 22,602,299 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Foot Locker, Inc. | 171,122 | 5,891,731 |
Gap, Inc. | 351,797 | 6,663,035 |
Genuine Parts Co. | 55,026 | 8,213,181 |
Group 1 Automotive, Inc. | 19,460 | 5,266,849 |
Home Depot, Inc. | 327,358 | 124,595,728 |
Kohl's Corp. | 524,985 | 14,631,332 |
Lithia Motors, Inc. | 25,917 | 7,750,738 |
LKQ Corp. | 161,967 | 8,469,254 |
Lowe's Cos., Inc. | 241,189 | 58,046,957 |
Macy's, Inc. | 526,700 | 9,185,648 |
Murphy USA, Inc. | 15,201 | 6,338,969 |
Nordstrom, Inc. | 176,430 | 3,699,737 |
ODP Corp. * | 76,078 | 4,296,886 |
O'Reilly Automotive, Inc. * | 14,046 | 15,273,901 |
Penske Automotive Group, Inc. | 20,798 | 3,192,493 |
Pool Corp. | 8,262 | 3,289,268 |
Qurate Retail, Inc. * | 8,361,340 | 11,789,489 |
Ross Stores, Inc. | 83,320 | 12,411,347 |
TJX Cos., Inc. | 315,222 | 31,251,109 |
Tractor Supply Co. | 32,527 | 8,272,267 |
Ulta Beauty, Inc. * | 10,385 | 5,696,796 |
Williams-Sonoma, Inc. | 36,351 | 8,561,751 |
689,713,763 | ||
Consumer Durables & Apparel 1.7% | ||
Brunswick Corp. | 49,142 | 4,295,011 |
Capri Holdings Ltd. * | 83,045 | 3,830,866 |
Carter's, Inc. | 41,115 | 3,328,259 |
Deckers Outdoor Corp. * | 6,487 | 5,809,692 |
DR Horton, Inc. | 164,772 | 24,623,528 |
Garmin Ltd. | 52,664 | 7,233,400 |
Hanesbrands, Inc. * | 799,385 | 4,316,679 |
Hasbro, Inc. | 77,911 | 3,918,144 |
KB Home | 66,867 | 4,441,975 |
Leggett & Platt, Inc. | 126,554 | 2,584,233 |
Lennar Corp., Class A | 174,223 | 27,616,088 |
Lululemon Athletica, Inc. * | 14,612 | 6,825,119 |
MDC Holdings, Inc. | 57,565 | 3,609,326 |
Meritage Homes Corp. | 28,909 | 4,557,793 |
Mohawk Industries, Inc. * | 77,274 | 9,166,242 |
Newell Brands, Inc. | 487,210 | 3,654,075 |
NIKE, Inc., Class B | 305,581 | 31,759,033 |
NVR, Inc. * | 1,367 | 10,424,154 |
Polaris, Inc. | 37,478 | 3,474,585 |
PulteGroup, Inc. | 168,075 | 18,215,968 |
PVH Corp. | 71,334 | 9,749,218 |
Ralph Lauren Corp. | 28,245 | 5,251,310 |
Skechers USA, Inc., Class A * | 58,633 | 3,624,106 |
Tapestry, Inc. | 128,508 | 6,107,985 |
Taylor Morrison Home Corp. * | 87,589 | 4,958,413 |
Tempur Sealy International, Inc. | 64,160 | 3,494,795 |
Toll Brothers, Inc. | 68,929 | 7,902,021 |
Tri Pointe Homes, Inc. * | 121,939 | 4,314,202 |
VF Corp. | 447,152 | 7,306,464 |
Whirlpool Corp. | 93,538 | 10,045,046 |
246,437,730 | ||
Consumer Services 1.6% | ||
Aramark | 128,996 | 3,912,449 |
Booking Holdings, Inc. * | 9,045 | 31,375,567 |
Carnival Corp. * | 551,566 | 8,747,837 |
Chipotle Mexican Grill, Inc. * | 2,210 | 5,942,182 |
Darden Restaurants, Inc. | 42,391 | 7,236,568 |
Domino's Pizza, Inc. | 15,836 | 7,100,071 |
Expedia Group, Inc. * | 31,458 | 4,304,083 |
H&R Block, Inc. | 70,537 | 3,452,786 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Hilton Worldwide Holdings, Inc. | 45,414 | 9,278,988 |
Las Vegas Sands Corp. | 130,896 | 7,136,450 |
Marriott International, Inc., Class A | 58,618 | 14,646,880 |
McDonald's Corp. | 180,119 | 52,645,181 |
MGM Resorts International * | 200,407 | 8,673,615 |
Penn Entertainment, Inc. * | 102,410 | 1,874,103 |
Royal Caribbean Cruises Ltd. * | 40,587 | 5,006,406 |
Service Corp. International | 49,951 | 3,655,914 |
Starbucks Corp. | 370,604 | 35,170,320 |
Travel & Leisure Co. | 68,884 | 3,078,426 |
Vail Resorts, Inc. | 11,089 | 2,553,907 |
Wynn Resorts Ltd. | 25,008 | 2,630,842 |
Yum! Brands, Inc. | 94,348 | 13,059,650 |
231,482,225 | ||
Consumer Staples Distribution & Retail 3.5% | ||
BJ's Wholesale Club Holdings, Inc. * | 35,555 | 2,596,937 |
Casey's General Stores, Inc. | 23,270 | 7,085,482 |
Costco Wholesale Corp. | 136,909 | 101,845,236 |
Dollar General Corp. | 126,048 | 18,316,035 |
Dollar Tree, Inc. * | 90,385 | 13,257,672 |
Kroger Co. | 842,870 | 41,814,781 |
Performance Food Group Co. * | 101,198 | 7,768,970 |
SpartanNash Co. | 124,932 | 2,632,317 |
Sprouts Farmers Market, Inc. * | 85,366 | 5,330,253 |
Sysco Corp. | 208,614 | 16,891,476 |
Target Corp. | 383,192 | 58,597,721 |
U.S. Foods Holding Corp. * | 196,111 | 9,960,478 |
United Natural Foods, Inc. * | 160,302 | 2,502,314 |
Walgreens Boots Alliance, Inc. | 1,890,373 | 40,189,330 |
Walmart, Inc. | 3,012,826 | 176,581,732 |
505,370,734 | ||
Energy 6.4% | ||
Antero Resources Corp. * | 111,917 | 2,876,267 |
APA Corp. | 146,925 | 4,376,896 |
Baker Hughes Co. | 707,946 | 20,948,122 |
Cheniere Energy, Inc. | 35,998 | 5,586,890 |
Chevron Corp. | 1,090,525 | 165,770,705 |
CNX Resources Corp. * | 135,477 | 2,838,243 |
ConocoPhillips | 531,543 | 59,819,849 |
Delek U.S. Holdings, Inc. | 92,762 | 2,366,359 |
Devon Energy Corp. | 216,409 | 9,534,981 |
Diamondback Energy, Inc. | 30,315 | 5,533,094 |
EOG Resources, Inc. | 224,178 | 25,659,414 |
Equitrans Midstream Corp. | 323,863 | 3,462,095 |
Exxon Mobil Corp. | 2,265,338 | 236,773,128 |
Halliburton Co. | 310,382 | 10,885,097 |
Helmerich & Payne, Inc. | 70,895 | 2,721,659 |
Hess Corp. | 42,436 | 6,185,047 |
HF Sinclair Corp. | 141,660 | 7,862,130 |
Kinder Morgan, Inc. | 1,369,987 | 23,824,074 |
Marathon Oil Corp. | 396,238 | 9,608,771 |
Marathon Petroleum Corp. | 359,733 | 60,877,616 |
Murphy Oil Corp. | 78,682 | 3,121,315 |
NOV, Inc. | 201,057 | 3,397,863 |
Occidental Petroleum Corp. | 304,866 | 18,477,928 |
ONEOK, Inc. | 213,347 | 16,026,627 |
Ovintiv, Inc. | 152,072 | 7,513,878 |
PBF Energy, Inc., Class A | 84,865 | 3,963,195 |
Peabody Energy Corp. | 120,631 | 2,988,030 |
Phillips 66 | 463,441 | 66,044,977 |
Pioneer Natural Resources Co. | 60,985 | 14,343,062 |
Schlumberger NV | 411,051 | 19,866,095 |
Southwestern Energy Co. * | 429,975 | 2,996,926 |
Targa Resources Corp. | 68,193 | 6,699,280 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
TechnipFMC PLC | 156,705 | 3,398,931 |
Valero Energy Corp. | 409,745 | 57,962,528 |
Williams Cos., Inc. | 504,446 | 18,129,789 |
World Kinect Corp. | 494,465 | 12,045,167 |
924,486,028 | ||
Equity Real Estate Investment Trusts (REITs) 1.7% | ||
Alexandria Real Estate Equities, Inc. | 34,385 | 4,288,841 |
American Tower Corp. | 84,407 | 16,785,176 |
AvalonBay Communities, Inc. | 36,746 | 6,505,144 |
Boston Properties, Inc. | 104,035 | 6,733,145 |
Brixmor Property Group, Inc. | 140,516 | 3,177,067 |
Camden Property Trust | 27,073 | 2,557,857 |
Crown Castle, Inc. | 125,314 | 13,777,021 |
Digital Realty Trust, Inc. | 79,686 | 11,698,702 |
Equinix, Inc. | 14,375 | 12,776,787 |
Equity Residential | 115,698 | 6,966,177 |
Essex Property Trust, Inc. | 18,109 | 4,190,423 |
Extra Space Storage, Inc. | 36,724 | 5,176,982 |
Gaming & Leisure Properties, Inc. | 58,791 | 2,673,815 |
Healthpeak Properties, Inc. | 272,831 | 4,569,919 |
Host Hotels & Resorts, Inc. | 357,261 | 7,409,593 |
Invitation Homes, Inc. | 112,595 | 3,836,112 |
Iron Mountain, Inc. | 110,250 | 8,670,060 |
Kimco Realty Corp. | 200,551 | 3,962,888 |
Lamar Advertising Co., Class A | 29,675 | 3,280,571 |
Medical Properties Trust, Inc. (a) | 385,619 | 1,623,456 |
Mid-America Apartment Communities, Inc. | 30,679 | 3,855,737 |
NET Lease Office Properties | 2,561 | 62,463 |
Omega Healthcare Investors, Inc. | 87,051 | 2,709,027 |
Park Hotels & Resorts, Inc. | 279,080 | 4,632,728 |
Prologis, Inc. | 86,224 | 11,491,072 |
Public Storage | 25,047 | 7,110,092 |
Realty Income Corp. | 101,309 | 5,279,212 |
Regency Centers Corp. | 50,490 | 3,127,856 |
SBA Communications Corp. | 11,086 | 2,319,524 |
Service Properties Trust | 348,957 | 2,372,908 |
Simon Property Group, Inc. | 111,153 | 16,466,205 |
SL Green Realty Corp. (a) | 96,101 | 4,658,976 |
Sun Communities, Inc. | 24,362 | 3,258,661 |
UDR, Inc. | 77,717 | 2,758,954 |
Ventas, Inc. | 211,450 | 8,942,220 |
VICI Properties, Inc. | 82,857 | 2,479,910 |
Vornado Realty Trust | 217,836 | 5,729,087 |
Welltower, Inc. | 140,688 | 12,965,806 |
Weyerhaeuser Co. | 405,988 | 13,957,867 |
WP Carey, Inc. | 45,048 | 2,537,554 |
247,375,595 | ||
Financial Services 8.5% | ||
Affiliated Managers Group, Inc. | 30,706 | 4,799,655 |
AGNC Investment Corp. (a) | 309,086 | 2,954,862 |
Ally Financial, Inc. | 511,735 | 18,929,078 |
American Express Co. | 248,721 | 54,574,362 |
Ameriprise Financial, Inc. | 45,763 | 18,642,016 |
Annaly Capital Management, Inc. | 195,563 | 3,733,298 |
Apollo Global Management, Inc. | 65,100 | 7,278,180 |
Bank of New York Mellon Corp. | 611,907 | 34,321,864 |
Berkshire Hathaway, Inc., Class B * | 856,344 | 350,587,233 |
BlackRock, Inc. | 45,024 | 36,529,772 |
Blackstone, Inc. | 127,435 | 16,288,742 |
Bread Financial Holdings, Inc. | 171,213 | 6,554,034 |
Capital One Financial Corp. | 455,257 | 62,647,916 |
Carlyle Group, Inc. | 99,119 | 4,544,606 |
Cboe Global Markets, Inc. | 17,658 | 3,390,336 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Charles Schwab Corp. (b) | 233,605 | 15,600,142 |
Chimera Investment Corp. | 447,453 | 1,950,895 |
CME Group, Inc. | 57,160 | 12,595,206 |
Coinbase Global, Inc., Class A * | 34,268 | 6,975,594 |
Discover Financial Services | 257,111 | 31,033,298 |
Equitable Holdings, Inc. | 179,051 | 6,130,706 |
Evercore, Inc., Class A | 29,134 | 5,450,389 |
Fidelity National Information Services, Inc. | 287,874 | 19,918,002 |
Fiserv, Inc. * | 95,403 | 14,240,806 |
FleetCor Technologies, Inc. * | 26,738 | 7,467,121 |
Franklin Resources, Inc. | 289,731 | 7,953,116 |
Global Payments, Inc. | 95,989 | 12,449,773 |
Goldman Sachs Group, Inc. | 190,734 | 74,205,063 |
Intercontinental Exchange, Inc. | 130,341 | 18,041,801 |
Invesco Ltd. | 372,077 | 5,733,706 |
Jack Henry & Associates, Inc. | 19,660 | 3,416,318 |
Janus Henderson Group PLC | 123,644 | 3,852,747 |
Jefferies Financial Group, Inc. | 152,960 | 6,396,787 |
KKR & Co., Inc. | 170,295 | 16,733,187 |
Lazard, Inc., Class A | 79,159 | 3,050,788 |
LPL Financial Holdings, Inc. | 18,866 | 5,054,013 |
Mastercard, Inc., Class A | 92,003 | 43,679,344 |
MGIC Investment Corp. | 168,561 | 3,352,678 |
Moody's Corp. | 25,540 | 9,690,387 |
Morgan Stanley | 513,174 | 44,153,491 |
MSCI, Inc. | 7,066 | 3,963,814 |
Nasdaq, Inc. | 67,842 | 3,812,720 |
Navient Corp. | 204,460 | 3,324,520 |
NCR Atleos Corp. * | 56,803 | 1,236,033 |
Northern Trust Corp. | 115,977 | 9,525,191 |
OneMain Holdings, Inc. | 171,660 | 8,107,502 |
PayPal Holdings, Inc. * | 359,618 | 21,699,350 |
Radian Group, Inc. | 95,413 | 2,780,335 |
Raymond James Financial, Inc. | 52,026 | 6,259,768 |
Rithm Capital Corp. | 367,623 | 3,985,033 |
S&P Global, Inc. | 38,473 | 16,481,064 |
SEI Investments Co. | 52,864 | 3,555,104 |
SLM Corp. | 285,074 | 5,938,091 |
Starwood Property Trust, Inc. | 154,101 | 3,142,119 |
State Street Corp. | 168,011 | 12,387,451 |
Synchrony Financial | 971,091 | 40,106,058 |
T Rowe Price Group, Inc. | 160,502 | 18,192,902 |
Visa, Inc., Class A | 192,056 | 54,282,708 |
Voya Financial, Inc. | 57,699 | 3,944,304 |
Western Union Co. | 470,731 | 6,312,503 |
1,233,937,882 | ||
Food, Beverage & Tobacco 3.1% | ||
Altria Group, Inc. | 1,085,835 | 44,421,510 |
Archer-Daniels-Midland Co. | 458,329 | 24,341,853 |
Bunge Global SA | 138,980 | 13,115,543 |
Campbell Soup Co. | 101,246 | 4,317,129 |
Coca-Cola Co. | 913,304 | 54,816,506 |
Coca-Cola Europacific Partners PLC | 85,057 | 5,837,462 |
Conagra Brands, Inc. | 285,394 | 8,013,863 |
Constellation Brands, Inc., Class A | 45,010 | 11,185,885 |
Darling Ingredients, Inc. * | 63,048 | 2,667,561 |
Flowers Foods, Inc. | 113,455 | 2,543,661 |
General Mills, Inc. | 246,555 | 15,823,900 |
Hershey Co. | 27,853 | 5,234,136 |
Hormel Foods Corp. | 141,731 | 5,005,939 |
Ingredion, Inc. | 54,695 | 6,433,773 |
J M Smucker Co. | 71,086 | 8,542,405 |
Kellanova | 128,415 | 7,082,087 |
Keurig Dr Pepper, Inc. | 315,112 | 9,425,000 |
Kraft Heinz Co. | 429,696 | 15,159,675 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Lamb Weston Holdings, Inc. | 27,390 | 2,799,532 |
McCormick & Co., Inc. - Non Voting Shares | 64,485 | 4,440,437 |
Molson Coors Beverage Co., Class B | 135,906 | 8,483,252 |
Mondelez International, Inc., Class A | 469,266 | 34,289,267 |
Monster Beverage Corp. * | 114,058 | 6,740,828 |
PepsiCo, Inc. | 376,604 | 62,267,705 |
Philip Morris International, Inc. | 607,507 | 54,651,330 |
Post Holdings, Inc. * | 31,115 | 3,240,938 |
Tyson Foods, Inc., Class A | 473,836 | 25,700,865 |
WK Kellogg Co. | 34,914 | 511,141 |
447,093,183 | ||
Health Care Equipment & Services 5.8% | ||
Abbott Laboratories | 408,578 | 48,473,694 |
Align Technology, Inc. * | 13,092 | 3,959,283 |
Baxter International, Inc. | 338,922 | 13,868,688 |
Becton Dickinson & Co. | 66,970 | 15,774,783 |
Boston Scientific Corp. * | 187,448 | 12,410,932 |
Cardinal Health, Inc. | 116,619 | 13,058,996 |
Cencora, Inc. | 17,366 | 4,091,430 |
Centene Corp. * | 493,736 | 38,723,714 |
Chemed Corp. | 4,805 | 3,008,555 |
Cigna Group | 222,937 | 74,938,043 |
Cooper Cos., Inc. | 37,220 | 3,483,792 |
CVS Health Corp. | 1,539,296 | 114,477,443 |
DaVita, Inc. * | 77,641 | 9,858,078 |
DENTSPLY SIRONA, Inc. | 101,422 | 3,314,471 |
Edwards Lifesciences Corp. * | 69,040 | 5,859,425 |
Elevance Health, Inc. | 139,812 | 70,080,765 |
Encompass Health Corp. | 43,574 | 3,241,906 |
HCA Healthcare, Inc. | 98,849 | 30,811,233 |
Henry Schein, Inc. * | 85,929 | 6,570,991 |
Hologic, Inc. * | 73,540 | 5,427,252 |
Humana, Inc. | 78,830 | 27,615,726 |
IDEXX Laboratories, Inc. * | 7,441 | 4,280,286 |
Intuitive Surgical, Inc. * | 29,601 | 11,414,146 |
Laboratory Corp. of America Holdings | 55,770 | 12,036,839 |
McKesson Corp. | 30,923 | 16,123,561 |
Medtronic PLC | 625,885 | 52,173,774 |
Molina Healthcare, Inc. * | 21,333 | 8,403,282 |
Owens & Minor, Inc. * | 129,594 | 3,153,022 |
Patterson Cos., Inc. | 82,566 | 2,236,713 |
Quest Diagnostics, Inc. | 67,618 | 8,444,812 |
ResMed, Inc. | 21,947 | 3,812,633 |
STERIS PLC | 19,751 | 4,600,205 |
Stryker Corp. | 55,979 | 19,540,589 |
Teleflex, Inc. | 12,601 | 2,807,377 |
Tenet Healthcare Corp. * | 89,112 | 8,287,416 |
UnitedHealth Group, Inc. | 308,069 | 152,062,858 |
Universal Health Services, Inc., Class B | 72,978 | 12,191,705 |
Zimmer Biomet Holdings, Inc. | 64,505 | 8,021,842 |
838,640,260 | ||
Household & Personal Products 1.2% | ||
Church & Dwight Co., Inc. | 66,498 | 6,657,780 |
Clorox Co. | 35,113 | 5,383,174 |
Colgate-Palmolive Co. | 251,987 | 21,801,915 |
Estee Lauder Cos., Inc., Class A | 53,442 | 7,940,412 |
Kimberly-Clark Corp. | 124,783 | 15,119,956 |
Procter & Gamble Co. | 753,333 | 119,734,747 |
176,637,984 | ||
SECURITY | NUMBER OF SHARES | VALUE ($) |
Insurance 3.7% | ||
Aflac, Inc. | 333,220 | 26,904,183 |
Allstate Corp. | 271,144 | 43,252,891 |
American Financial Group, Inc. | 48,092 | 6,139,906 |
American International Group, Inc. | 616,608 | 44,944,557 |
Aon PLC, Class A | 52,464 | 16,578,099 |
Arch Capital Group Ltd. * | 88,911 | 7,787,715 |
Arthur J Gallagher & Co. | 27,858 | 6,795,402 |
Assurant, Inc. | 23,852 | 4,327,945 |
Assured Guaranty Ltd. | 49,737 | 4,555,909 |
Brown & Brown, Inc. | 43,035 | 3,623,977 |
Chubb Ltd. | 166,265 | 41,843,913 |
Cincinnati Financial Corp. | 81,155 | 9,251,670 |
CNO Financial Group, Inc. | 193,096 | 5,153,732 |
Everest Group Ltd. | 13,900 | 5,127,432 |
Fidelity National Financial, Inc. | 182,524 | 9,232,064 |
First American Financial Corp. | 96,532 | 5,638,434 |
Genworth Financial, Inc., Class A * | 700,103 | 4,305,633 |
Globe Life, Inc. | 42,419 | 5,384,244 |
Hanover Insurance Group, Inc. | 26,380 | 3,468,179 |
Hartford Financial Services Group, Inc. | 220,863 | 21,167,510 |
Kemper Corp. | 56,987 | 3,267,065 |
Lincoln National Corp. | 319,560 | 8,800,682 |
Loews Corp. | 109,390 | 8,218,471 |
Markel Group, Inc. * | 4,608 | 6,877,348 |
Marsh & McLennan Cos., Inc. | 99,433 | 20,112,313 |
MetLife, Inc. | 542,214 | 37,814,004 |
Old Republic International Corp. | 217,535 | 6,299,814 |
Primerica, Inc. | 14,891 | 3,652,167 |
Principal Financial Group, Inc. | 139,148 | 11,251,507 |
Progressive Corp. | 181,271 | 34,361,731 |
Prudential Financial, Inc. | 342,599 | 37,339,865 |
Reinsurance Group of America, Inc. | 35,050 | 6,198,593 |
RenaissanceRe Holdings Ltd. | 13,231 | 2,974,593 |
Travelers Cos., Inc. | 207,440 | 45,835,942 |
Unum Group | 148,600 | 7,348,270 |
W R Berkley Corp. | 67,454 | 5,639,154 |
Willis Towers Watson PLC | 36,166 | 9,859,213 |
531,334,127 | ||
Materials 3.5% | ||
Air Products & Chemicals, Inc. | 55,387 | 12,962,773 |
Albemarle Corp. | 22,147 | 3,052,964 |
Alcoa Corp. | 195,658 | 5,323,854 |
AptarGroup, Inc. | 23,252 | 3,265,976 |
Avery Dennison Corp. | 29,883 | 6,470,566 |
Axalta Coating Systems Ltd. * | 102,769 | 3,363,629 |
Ball Corp. | 154,293 | 9,877,838 |
Berry Global Group, Inc. | 84,217 | 4,902,272 |
Celanese Corp. | 82,612 | 12,554,546 |
CF Industries Holdings, Inc. | 89,961 | 7,261,652 |
Chemours Co. | 142,083 | 2,794,773 |
Cleveland-Cliffs, Inc. * | 266,968 | 5,552,934 |
Commercial Metals Co. | 73,015 | 3,942,810 |
Corteva, Inc. | 214,235 | 11,465,857 |
Crown Holdings, Inc. | 57,506 | 4,406,110 |
Dow, Inc. | 524,835 | 29,327,780 |
DuPont de Nemours, Inc. | 315,759 | 21,847,365 |
Eagle Materials, Inc. | 15,546 | 3,941,688 |
Eastman Chemical Co. | 124,608 | 10,933,106 |
Ecolab, Inc. | 62,801 | 14,120,177 |
FMC Corp. | 50,104 | 2,825,365 |
Freeport-McMoRan, Inc. | 479,997 | 18,148,687 |
Graphic Packaging Holding Co. | 169,034 | 4,386,432 |
Huntsman Corp. | 203,999 | 5,222,374 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
International Flavors & Fragrances, Inc. | 85,578 | 6,461,139 |
International Paper Co. | 473,885 | 16,756,574 |
Knife River Corp. * | 28,809 | 2,134,459 |
Linde PLC | 116,350 | 52,220,207 |
Louisiana-Pacific Corp. | 59,501 | 4,401,289 |
LyondellBasell Industries NV, Class A | 236,438 | 23,710,003 |
Martin Marietta Materials, Inc. | 13,906 | 8,033,635 |
Mosaic Co. | 212,370 | 6,617,449 |
Newmont Corp. | 591,781 | 18,493,156 |
Nucor Corp. | 175,120 | 33,675,576 |
O-I Glass, Inc. * | 159,819 | 2,704,137 |
Olin Corp. | 80,636 | 4,338,217 |
Packaging Corp. of America | 51,951 | 9,413,002 |
PPG Industries, Inc. | 100,972 | 14,297,635 |
Reliance, Inc. | 41,836 | 13,438,560 |
RPM International, Inc. | 46,718 | 5,388,921 |
Sealed Air Corp. | 110,558 | 3,855,157 |
Sherwin-Williams Co. | 39,064 | 12,970,420 |
Sonoco Products Co. | 71,294 | 4,040,944 |
Steel Dynamics, Inc. | 111,926 | 14,977,937 |
U.S. Steel Corp. | 335,239 | 15,870,214 |
Vulcan Materials Co. | 28,668 | 7,621,388 |
Warrior Met Coal, Inc. | 65,133 | 3,710,627 |
Westrock Co. | 409,926 | 18,565,549 |
511,647,723 | ||
Media & Entertainment 7.0% | ||
Alphabet, Inc., Class A * | 1,253,050 | 173,497,303 |
Alphabet, Inc., Class C * | 1,116,086 | 156,006,501 |
Charter Communications, Inc., Class A * | 127,948 | 37,607,756 |
Comcast Corp., Class A | 2,814,673 | 120,608,738 |
Electronic Arts, Inc. | 88,031 | 12,278,564 |
Fox Corp., Class A | 312,329 | 9,304,281 |
Interpublic Group of Cos., Inc. | 170,360 | 5,349,304 |
Liberty Media Corp.-Liberty Live, Class C * | 78,310 | 3,118,304 |
Liberty Media Corp.-Liberty SiriusXM, Class C * | 290,095 | 8,406,953 |
Meta Platforms, Inc., Class A | 711,590 | 348,771,607 |
Netflix, Inc. * | 34,400 | 20,740,448 |
News Corp., Class A | 249,513 | 6,706,909 |
Nexstar Media Group, Inc. | 25,662 | 4,264,254 |
Omnicom Group, Inc. | 123,602 | 10,925,181 |
Paramount Global, Class B | 1,170,455 | 12,921,823 |
Take-Two Interactive Software, Inc. * | 25,092 | 3,686,768 |
TEGNA, Inc. | 169,681 | 2,377,231 |
Walt Disney Co. | 650,322 | 72,562,929 |
Warner Bros Discovery, Inc. * | 935,922 | 8,226,754 |
1,017,361,608 | ||
Pharmaceuticals, Biotechnology & Life Sciences 5.5% | ||
AbbVie, Inc. | 459,089 | 80,822,618 |
Agilent Technologies, Inc. | 63,055 | 8,661,235 |
Amgen, Inc. | 241,650 | 66,171,019 |
Avantor, Inc. * | 121,587 | 2,995,904 |
Biogen, Inc. * | 73,127 | 15,867,828 |
Bristol-Myers Squibb Co. | 848,223 | 43,047,317 |
Catalent, Inc. * | 54,163 | 3,105,706 |
Danaher Corp. | 89,493 | 22,654,258 |
Eli Lilly & Co. | 54,258 | 40,893,169 |
Fortrea Holdings, Inc. * | 52,652 | 1,976,556 |
Gilead Sciences, Inc. | 596,285 | 42,992,149 |
ICON PLC, ADR * | 11,718 | 3,757,025 |
Illumina, Inc. * | 31,588 | 4,416,950 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
IQVIA Holdings, Inc. * | 55,378 | 13,687,226 |
Jazz Pharmaceuticals PLC * | 22,802 | 2,711,158 |
Johnson & Johnson | 889,749 | 143,587,694 |
Merck & Co., Inc. | 690,696 | 87,821,996 |
Mettler-Toledo International, Inc. * | 3,702 | 4,617,208 |
Moderna, Inc. * | 48,949 | 4,515,056 |
Organon & Co. | 521,192 | 9,073,953 |
Perrigo Co. PLC | 136,692 | 3,589,532 |
Pfizer, Inc. | 3,121,552 | 82,908,421 |
Regeneron Pharmaceuticals, Inc. * | 21,010 | 20,297,551 |
Revvity, Inc. | 32,556 | 3,567,812 |
Thermo Fisher Scientific, Inc. | 67,362 | 38,408,465 |
United Therapeutics Corp. * | 10,254 | 2,313,713 |
Vertex Pharmaceuticals, Inc. * | 23,609 | 9,933,251 |
Viatris, Inc. | 1,214,945 | 15,028,870 |
Waters Corp. * | 18,085 | 6,102,241 |
West Pharmaceutical Services, Inc. | 7,750 | 2,777,290 |
Zoetis, Inc. | 61,306 | 12,158,819 |
800,461,990 | ||
Real Estate Management & Development 0.2% | ||
Anywhere Real Estate, Inc. * | 505,782 | 3,171,253 |
CBRE Group, Inc., Class A * | 153,226 | 14,079,937 |
DigitalBridge Group, Inc. | 210,567 | 3,868,116 |
Jones Lang LaSalle, Inc. * | 54,576 | 10,382,538 |
31,501,844 | ||
Semiconductors & Semiconductor Equipment 5.1% | ||
Advanced Micro Devices, Inc. * | 94,698 | 18,232,206 |
Analog Devices, Inc. | 79,968 | 15,339,462 |
Applied Materials, Inc. | 238,236 | 48,033,142 |
Broadcom, Inc. | 76,660 | 99,695,563 |
First Solar, Inc. * | 16,310 | 2,509,946 |
Intel Corp. | 5,003,439 | 215,398,049 |
KLA Corp. | 21,260 | 14,505,698 |
Lam Research Corp. | 36,303 | 34,061,290 |
Marvell Technology, Inc. | 81,189 | 5,818,004 |
Microchip Technology, Inc. | 94,829 | 7,978,912 |
Micron Technology, Inc. | 699,543 | 63,385,591 |
MKS Instruments, Inc. | 27,821 | 3,415,306 |
NVIDIA Corp. | 68,699 | 54,349,153 |
NXP Semiconductors NV | 70,814 | 17,684,380 |
ON Semiconductor Corp. * | 67,795 | 5,350,381 |
Qorvo, Inc. * | 69,987 | 8,017,011 |
QUALCOMM, Inc. | 449,179 | 70,875,955 |
Skyworks Solutions, Inc. | 68,051 | 7,139,911 |
Teradyne, Inc. | 54,673 | 5,663,576 |
Texas Instruments, Inc. | 261,497 | 43,756,293 |
741,209,829 | ||
Software & Services 5.4% | ||
Accenture PLC, Class A | 144,851 | 54,287,258 |
Adobe, Inc. * | 56,116 | 31,440,672 |
Akamai Technologies, Inc. * | 54,065 | 5,996,890 |
Amdocs Ltd. | 65,055 | 5,933,016 |
ANSYS, Inc. * | 9,054 | 3,025,575 |
Autodesk, Inc. * | 16,718 | 4,316,086 |
Cadence Design Systems, Inc. * | 17,720 | 5,393,614 |
Check Point Software Technologies Ltd. * | 33,536 | 5,379,845 |
Cognizant Technology Solutions Corp., Class A | 364,607 | 28,811,245 |
DXC Technology Co. * | 329,822 | 7,209,909 |
Fortinet, Inc. * | 45,629 | 3,153,420 |
Gartner, Inc. * | 9,964 | 4,638,840 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Gen Digital, Inc. | 216,147 | 4,644,999 |
International Business Machines Corp. | 495,586 | 91,698,277 |
Intuit, Inc. | 26,694 | 17,695,186 |
Kyndryl Holdings, Inc. * | 410,032 | 9,008,403 |
Microsoft Corp. | 977,123 | 404,177,158 |
NCR Voyix Corp. * | 113,613 | 1,659,886 |
Oracle Corp. | 467,129 | 52,168,967 |
Palo Alto Networks, Inc. * | 17,107 | 5,312,579 |
Roper Technologies, Inc. | 14,855 | 8,091,964 |
Salesforce, Inc. * | 76,721 | 23,692,979 |
Synopsys, Inc. * | 9,650 | 5,536,494 |
VeriSign, Inc. * | 12,331 | 2,408,121 |
785,681,383 | ||
Technology Hardware & Equipment 6.4% | ||
Amphenol Corp., Class A | 113,893 | 12,441,671 |
Apple, Inc. | 3,091,701 | 558,824,956 |
Arista Networks, Inc. * | 17,706 | 4,914,123 |
Arrow Electronics, Inc. * | 95,510 | 11,222,425 |
Avnet, Inc. | 223,197 | 10,398,748 |
CDW Corp. | 40,771 | 10,038,228 |
Ciena Corp. * | 71,641 | 4,082,104 |
Cisco Systems, Inc. | 2,236,300 | 108,169,831 |
Corning, Inc. | 496,456 | 16,005,741 |
F5, Inc. * | 24,210 | 4,532,596 |
Flex Ltd. * | 313,392 | 8,821,985 |
Hewlett Packard Enterprise Co. | 1,639,624 | 24,971,474 |
HP, Inc. | 899,438 | 25,481,079 |
Insight Enterprises, Inc. * | 19,660 | 3,696,080 |
Jabil, Inc. | 77,798 | 11,209,914 |
Juniper Networks, Inc. | 238,569 | 8,834,210 |
Keysight Technologies, Inc. * | 27,166 | 4,191,714 |
Motorola Solutions, Inc. | 23,716 | 7,835,529 |
NetApp, Inc. | 119,147 | 10,618,381 |
Sanmina Corp. * | 74,261 | 4,693,295 |
Seagate Technology Holdings PLC | 164,489 | 15,305,701 |
TD SYNNEX Corp. | 25,943 | 2,695,478 |
TE Connectivity Ltd. | 110,569 | 15,873,286 |
Teledyne Technologies, Inc. * | 7,520 | 3,213,070 |
Trimble, Inc. * | 69,044 | 4,224,802 |
Vishay Intertechnology, Inc. | 102,409 | 2,227,396 |
Western Digital Corp. * | 377,727 | 22,463,425 |
Xerox Holdings Corp. | 366,939 | 6,843,412 |
Zebra Technologies Corp., Class A * | 14,756 | 4,124,007 |
927,954,661 | ||
Telecommunication Services 2.9% | ||
AT&T, Inc. | 9,904,816 | 167,688,535 |
Liberty Global Ltd., Class C * | 698,426 | 12,955,802 |
Lumen Technologies, Inc. * | 11,595,307 | 18,784,397 |
Telephone & Data Systems, Inc. | 322,406 | 4,932,812 |
T-Mobile U.S., Inc. | 176,511 | 28,824,246 |
Verizon Communications, Inc. | 4,695,545 | 187,915,711 |
421,101,503 | ||
Transportation 2.0% | ||
Avis Budget Group, Inc. | 23,782 | 2,569,407 |
CH Robinson Worldwide, Inc. | 97,979 | 7,258,284 |
CSX Corp. | 991,665 | 37,623,770 |
Delta Air Lines, Inc. | 79,886 | 3,376,781 |
Expeditors International of Washington, Inc. | 77,027 | 9,212,429 |
FedEx Corp. | 174,600 | 43,470,162 |
GXO Logistics, Inc. * | 50,511 | 2,614,450 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
JB Hunt Transport Services, Inc. | 34,646 | 7,147,816 |
Knight-Swift Transportation Holdings, Inc. | 97,431 | 5,489,263 |
Landstar System, Inc. | 18,855 | 3,586,221 |
Norfolk Southern Corp. | 124,372 | 31,513,378 |
Old Dominion Freight Line, Inc. | 17,113 | 7,572,160 |
Ryder System, Inc. | 71,575 | 8,166,708 |
Southwest Airlines Co. | 121,267 | 4,155,820 |
Uber Technologies, Inc. * | 94,802 | 7,536,759 |
Union Pacific Corp. | 261,928 | 66,448,515 |
United Airlines Holdings, Inc. * | 55,268 | 2,514,141 |
United Parcel Service, Inc., Class B | 238,912 | 35,421,093 |
Werner Enterprises, Inc. | 64,238 | 2,578,513 |
ZIM Integrated Shipping Services Ltd. (a) | 327,286 | 3,897,976 |
292,153,646 | ||
Utilities 3.1% | ||
AES Corp. | 496,533 | 7,547,302 |
Alliant Energy Corp. | 104,634 | 4,996,273 |
Ameren Corp. | 110,251 | 7,848,769 |
American Electric Power Co., Inc. | 264,952 | 22,571,261 |
American Water Works Co., Inc. | 45,654 | 5,411,825 |
Atmos Energy Corp. | 41,917 | 4,732,848 |
Black Hills Corp. | 41,930 | 2,181,618 |
CenterPoint Energy, Inc. | 307,759 | 8,463,372 |
CMS Energy Corp. | 137,744 | 7,902,373 |
Consolidated Edison, Inc. | 191,365 | 16,688,942 |
Constellation Energy Corp. | 93,974 | 15,829,920 |
Dominion Energy, Inc. | 488,955 | 23,386,718 |
DTE Energy Co. | 101,222 | 10,967,404 |
Duke Energy Corp. | 439,038 | 40,316,860 |
Edison International | 189,850 | 12,913,597 |
Entergy Corp. | 127,716 | 12,972,114 |
Evergy, Inc. | 171,766 | 8,509,288 |
Eversource Energy | 176,610 | 10,367,007 |
Exelon Corp. | 642,765 | 23,036,698 |
FirstEnergy Corp. | 353,391 | 12,937,644 |
National Fuel Gas Co. | 47,604 | 2,320,219 |
NextEra Energy, Inc. | 497,759 | 27,471,319 |
NiSource, Inc. | 199,842 | 5,207,882 |
NRG Energy, Inc. | 232,525 | 12,863,283 |
OGE Energy Corp. | 110,658 | 3,641,755 |
PG&E Corp. | 199,094 | 3,322,879 |
Pinnacle West Capital Corp. | 74,642 | 5,100,288 |
Portland General Electric Co. | 54,229 | 2,178,379 |
PPL Corp. | 554,394 | 14,619,370 |
Public Service Enterprise Group, Inc. | 214,947 | 13,412,693 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Sempra | 214,519 | 15,145,041 |
Southern Co. | 490,222 | 32,967,429 |
Southwest Gas Holdings, Inc. | 45,011 | 3,067,500 |
UGI Corp. | 248,539 | 6,084,235 |
Vistra Corp. | 294,961 | 16,087,173 |
WEC Energy Group, Inc. | 126,933 | 9,962,971 |
Xcel Energy, Inc. | 250,631 | 13,205,747 |
446,239,996 | ||
Total Common Stocks (Cost $11,925,897,803) | 14,483,045,661 |
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) | 9,580,629 | 9,580,629 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (c)(d) | 10,209,655 | 10,209,655 |
19,790,284 | ||
Total Short-Term Investments (Cost $19,790,284) | 19,790,284 | |
Total Investments in Securities (Cost $11,945,688,087) | 14,502,835,945 |
NUMBER OF CONTRACTS | NOTIONAL AMOUNT ($) | CURRENT VALUE/ UNREALIZED APPRECIATION ($) | |
FUTURES CONTRACTS | |||
Long | |||
S&P 500 Index, e-mini, expires 03/15/24 | 103 | 26,284,313 | 436,213 |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $10,009,307. |
(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. |
ADR — | American Depositary Receipt |
SECURITY | VALUE AT 2/28/23 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | VALUE AT 2/29/24 | BALANCE OF SHARES HELD AT 2/29/24 | DIVIDENDS RECEIVED |
COMMON STOCKS 0.1% OF NET ASSETS | ||||||||
Financial Services 0.1% | ||||||||
Charles Schwab Corp. | $10,378,944 | $6,549,850 | ($403,612 ) | ($149,577 ) | ($775,463 ) | $15,600,142 | 233,605 | $183,498 |
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 | $14,483,045,661 | $— | $— | $14,483,045,661 |
Short-Term Investments1 | 19,790,284 | — | — | 19,790,284 |
Futures Contracts2 | 436,213 | — | — | 436,213 |
Total | $14,503,272,158 | $— | $— | $14,503,272,158 |
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 $13,805,146) | $15,600,142 | |
Investments in securities, at value - unaffiliated (cost $11,931,882,941) including securities on loan of $10,009,307 | 14,487,235,803 | |
Deposit with broker for futures contracts | 1,534,000 | |
Receivables: | ||
Dividends | 30,171,961 | |
Fund shares sold | 22,561,774 | |
Variation margin on future contracts | 114,283 | |
Income from securities on loan | 27,277 | |
Foreign tax reclaims | + | 18,319 |
Total assets | 14,557,263,559 | |
Liabilities | ||
Collateral held for securities on loan | 10,209,655 | |
Payables: | ||
Investments bought | 36,039,043 | |
Management fees | + | 2,802,253 |
Total liabilities | 49,050,951 | |
Net assets | $14,508,212,608 | |
Net Assets by Source | ||
Capital received from investors | $12,535,836,749 | |
Total distributable earnings | + | 1,972,375,859 |
Net assets | $14,508,212,608 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$14,508,212,608 | 224,500,000 | $64.62 | ||
For the period March 1, 2023 through February 29, 2024 | ||
Investment Income | ||
Dividends received from securities - unaffiliated (net of foreign withholding tax of $124,657) | $271,188,522 | |
Dividends received from securities - affiliated | 183,498 | |
Interest received from securities - unaffiliated | 76,882 | |
Securities on loan, net | + | 298,381 |
Total investment income | 271,747,283 | |
Expenses | ||
Management fees | 29,590,435 | |
Total expenses | – | 29,590,435 |
Net investment income | 242,156,848 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - affiliated | (168,871 ) | |
Net realized losses on sales of securities - unaffiliated | (135,745,765 ) | |
Net realized gains on sales of in-kind redemptions - affiliated | 19,294 | |
Net realized gains on sales of in-kind redemptions - unaffiliated | 305,093,589 | |
Net realized gains on futures contracts | + | 3,820,430 |
Net realized gains | 173,018,677 | |
Net change in unrealized appreciation (depreciation) on securities - affiliated | (775,463 ) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | 1,881,199,360 | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | 1,108,702 |
Net change in unrealized appreciation (depreciation) | + | 1,881,532,599 |
Net realized and unrealized gains | 2,054,551,276 | |
Increase in net assets resulting from operations | $2,296,708,124 |
OPERATIONS | |||
3/1/23-2/29/24 | 3/1/22-2/28/23 | ||
Net investment income | $242,156,848 | $203,631,425 | |
Net realized gains | 173,018,677 | 644,351,654 | |
Net change in unrealized appreciation (depreciation) | + | 1,881,532,599 | (1,075,988,071 ) |
Increase (decrease) in net assets resulting from operations | $2,296,708,124 | ($228,004,992 ) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($228,247,615 ) | ($197,038,665 ) |
TRANSACTIONS IN FUND SHARES | |||||
3/1/23-2/29/24 | 3/1/22-2/28/23 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 45,650,000 | $2,651,107,570 | 62,950,000 | $3,448,739,625 | |
Shares redeemed | + | (10,050,000 ) | (584,267,432 ) | (47,600,000 ) | (2,540,233,753 ) |
Net transactions in fund shares | 35,600,000 | $2,066,840,138 | 15,350,000 | $908,505,872 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
3/1/23-2/29/24 | 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 | + | 35,600,000 | 4,135,300,647 | 15,350,000 | 483,462,215 |
End of period | 224,500,000 | $14,508,212,608 | 188,900,000 | $10,372,911,961 |
3/1/23– 2/29/24 | 3/1/22– 2/28/23 | 3/1/21– 2/28/22 | 3/1/20– 2/28/21 | 3/1/19– 2/29/20 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $51.18 | $53.02 | $48.75 | $34.73 | $38.08 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.74 | 0.75 | 0.65 | 0.49 | 0.55 | |
Net realized and unrealized gains (losses) | 4.11 | (1.95 ) | 4.26 | 14.09 | (3.34 ) | |
Total from investment operations | 4.85 | (1.20 ) | 4.91 | 14.58 | (2.79 ) | |
Less distributions: | ||||||
Distributions from net investment income | (0.76 ) | (0.64 ) | (0.64 ) | (0.56 ) | (0.56 ) | |
Net asset value at end of period | $55.27 | $51.18 | $53.02 | $48.75 | $34.73 | |
Total return | 9.66 % | (2.13 %) | 10.06 % | 42.73 % | (7.46 %) | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.25 % | 0.25 %2 | 0.25 % | 0.25 % | 0.25 % | |
Net investment income (loss) | 1.48 % | 1.54 % | 1.21 % | 1.40 % | 1.43 % | |
Portfolio turnover rate3 | 21 % | 24 % | 25 % | 24 % | 26 % | |
Net assets, end of period (x 1,000,000) | $7,958 | $6,433 | $4,843 | $4,086 | $3,425 |
1 | Calculated based on the average shares outstanding during the period. |
2 | Ratio includes less than 0.005% of non-routine proxy expenses. |
3 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY | NUMBER OF SHARES | VALUE ($) |
COMMON STOCKS 99.9% OF NET ASSETS | ||
Automobiles & Components 1.4% | ||
American Axle & Manufacturing Holdings, Inc. * | 1,511,282 | 10,458,071 |
Cooper-Standard Holdings, Inc. * | 465,302 | 6,542,146 |
Dorman Products, Inc. * | 85,514 | 8,057,129 |
Fox Factory Holding Corp. * | 57,857 | 2,926,986 |
Gentherm, Inc. * | 123,147 | 7,002,138 |
LCI Industries | 115,348 | 14,531,541 |
Modine Manufacturing Co. * | 182,538 | 16,375,484 |
Patrick Industries, Inc. | 116,138 | 13,929,592 |
Standard Motor Products, Inc. | 169,981 | 5,398,597 |
Stoneridge, Inc. * | 188,975 | 3,320,291 |
Visteon Corp. * | 70,500 | 7,974,960 |
Winnebago Industries, Inc. | 174,880 | 12,544,142 |
109,061,077 | ||
Banks 7.9% | ||
1st Source Corp. | 55,058 | 2,740,787 |
Ameris Bancorp | 155,986 | 7,226,831 |
Associated Banc-Corp. | 704,460 | 14,680,946 |
Axos Financial, Inc. * | 131,027 | 6,829,127 |
BancFirst Corp. | 29,799 | 2,614,564 |
Bank of Hawaii Corp. | 156,973 | 9,462,332 |
Bank of NT Butterfield & Son Ltd. | 206,246 | 6,164,693 |
Bank OZK | 325,814 | 14,270,653 |
BankUnited, Inc. | 594,925 | 15,955,889 |
Banner Corp. | 137,263 | 6,017,610 |
BOK Financial Corp. | 88,841 | 7,552,373 |
Brookline Bancorp, Inc. | 301,769 | 2,948,283 |
Cadence Bank | 484,536 | 13,411,957 |
Capitol Federal Financial, Inc. | 747,550 | 4,328,315 |
Cathay General Bancorp | 258,287 | 10,086,107 |
Central Pacific Financial Corp. | 156,726 | 2,924,507 |
City Holding Co. | 30,807 | 3,095,487 |
Columbia Banking System, Inc. | 719,859 | 13,029,448 |
Commerce Bancshares, Inc. | 248,100 | 12,911,124 |
Community Bank System, Inc. | 130,773 | 5,924,017 |
ConnectOne Bancorp, Inc. | 126,524 | 2,503,910 |
Cullen/Frost Bankers, Inc. | 126,992 | 13,779,902 |
Customers Bancorp, Inc. * | 113,091 | 6,141,972 |
CVB Financial Corp. | 384,410 | 6,542,658 |
Eagle Bancorp, Inc. | 179,805 | 4,282,955 |
Eastern Bankshares, Inc. | 270,236 | 3,491,449 |
Enterprise Financial Services Corp. | 72,338 | 2,887,733 |
First BanCorp | 443,565 | 7,531,734 |
First Bancorp/Southern Pines NC | 76,107 | 2,596,771 |
First Busey Corp. | 188,997 | 4,358,271 |
First Citizens BancShares, Inc., Class A | 11,057 | 17,401,617 |
First Commonwealth Financial Corp. | 292,920 | 3,816,748 |
First Financial Bancorp | 331,212 | 7,187,300 |
First Financial Bankshares, Inc. | 171,261 | 5,298,815 |
First Hawaiian, Inc. | 633,283 | 13,273,612 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
First Interstate BancSystem, Inc., Class A | 233,857 | 6,155,116 |
First Merchants Corp. | 169,111 | 5,614,485 |
FNB Corp. | 1,175,169 | 15,676,755 |
Fulton Financial Corp. | 604,638 | 9,311,425 |
Glacier Bancorp, Inc. | 254,776 | 9,533,718 |
Hancock Whitney Corp. | 294,962 | 12,860,343 |
Hanmi Financial Corp. | 142,654 | 2,155,502 |
Heartland Financial USA, Inc. | 137,654 | 4,680,236 |
Heritage Financial Corp. | 131,012 | 2,404,070 |
Hilltop Holdings, Inc. | 269,826 | 8,332,227 |
HomeStreet, Inc. | 372,758 | 5,199,974 |
Hope Bancorp, Inc. | 719,667 | 7,894,747 |
Independent Bank Corp. | 88,066 | 4,594,403 |
Independent Bank Group, Inc. | 110,250 | 4,821,233 |
International Bancshares Corp. | 143,393 | 7,440,663 |
Kearny Financial Corp. | 334,738 | 2,128,934 |
Lakeland Bancorp, Inc. | 164,769 | 1,924,502 |
Lakeland Financial Corp. | 47,895 | 3,050,912 |
NBT Bancorp, Inc. | 122,992 | 4,229,695 |
Northwest Bancshares, Inc. | 441,877 | 5,063,910 |
OceanFirst Financial Corp. | 182,128 | 2,768,346 |
OFG Bancorp | 140,792 | 5,099,486 |
Old National Bancorp | 593,730 | 9,754,984 |
Pacific Premier Bancorp, Inc. | 274,031 | 6,264,349 |
Park National Corp. | 40,083 | 5,151,066 |
Pathward Financial, Inc. | 72,177 | 3,669,479 |
Pinnacle Financial Partners, Inc. | 162,489 | 13,441,090 |
Premier Financial Corp. | 130,930 | 2,537,423 |
Prosperity Bancshares, Inc. | 222,312 | 13,874,492 |
Provident Financial Services, Inc. | 278,307 | 4,196,870 |
Renasant Corp. | 193,251 | 6,108,664 |
S&T Bancorp, Inc. | 127,437 | 3,974,760 |
Sandy Spring Bancorp, Inc. | 192,669 | 4,234,865 |
Simmons First National Corp., Class A | 501,820 | 9,634,944 |
Southside Bancshares, Inc. | 109,689 | 3,143,687 |
SouthState Corp. | 140,026 | 11,767,785 |
Texas Capital Bancshares, Inc. * | 134,300 | 7,876,695 |
Tompkins Financial Corp. | 47,671 | 2,295,835 |
Towne Bank | 199,266 | 5,402,101 |
TriCo Bancshares | 72,176 | 2,411,400 |
Trustmark Corp. | 283,115 | 7,604,469 |
UMB Financial Corp. | 123,292 | 10,061,860 |
United Bankshares, Inc. | 362,751 | 12,583,832 |
United Community Banks, Inc. | 228,839 | 5,952,102 |
Valley National Bancorp | 1,299,754 | 10,644,985 |
Veritex Holdings, Inc. | 166,204 | 3,262,585 |
WaFd, Inc. | 355,763 | 9,690,984 |
Washington Trust Bancorp, Inc. | 85,848 | 2,209,728 |
Webster Financial Corp. | 287,588 | 13,700,692 |
WesBanco, Inc. | 247,355 | 7,168,348 |
Westamerica BanCorp | 61,523 | 2,812,216 |
Western Alliance Bancorp | 246,229 | 14,214,800 |
Wintrust Financial Corp. | 150,936 | 14,542,684 |
WSFS Financial Corp. | 118,973 | 5,043,266 |
629,444,219 | ||
SECURITY | NUMBER OF SHARES | VALUE ($) |
Capital Goods 12.5% | ||
AAON, Inc. | 63,619 | 5,342,724 |
AAR Corp. * | 162,819 | 10,873,053 |
Advanced Drainage Systems, Inc. | 65,147 | 10,634,596 |
Alamo Group, Inc. | 30,431 | 6,155,887 |
Albany International Corp., Class A | 83,579 | 7,845,561 |
American Woodmark Corp. * | 134,720 | 13,504,333 |
API Group Corp. * | 348,476 | 12,214,084 |
Apogee Enterprises, Inc. | 166,545 | 9,528,039 |
Applied Industrial Technologies, Inc. | 92,063 | 17,481,843 |
Arcosa, Inc. | 165,439 | 13,731,437 |
Argan, Inc. | 68,589 | 3,214,081 |
Armstrong World Industries, Inc. | 151,852 | 18,314,870 |
Astec Industries, Inc. | 155,423 | 6,310,174 |
Atkore, Inc. | 76,707 | 12,994,166 |
AZEK Co., Inc. * | 150,115 | 7,222,033 |
AZZ, Inc. | 149,095 | 10,854,116 |
Barnes Group, Inc. | 305,882 | 10,687,517 |
Beacon Roofing Supply, Inc. * | 204,371 | 17,553,425 |
BWX Technologies, Inc. | 201,052 | 20,272,073 |
Columbus McKinnon Corp. | 111,357 | 4,651,382 |
Comfort Systems USA, Inc. | 64,287 | 19,654,464 |
Construction Partners, Inc., Class A * | 90,519 | 4,352,154 |
Core & Main, Inc., Class A * | 122,513 | 5,847,545 |
Crane Co. | 110,404 | 13,420,710 |
CSW Industrials, Inc. | 18,700 | 4,308,293 |
DNOW, Inc. * | 943,948 | 13,356,864 |
Douglas Dynamics, Inc. | 89,070 | 2,235,657 |
Ducommun, Inc. * | 56,400 | 2,691,408 |
DXP Enterprises, Inc. * | 103,382 | 3,672,129 |
Dycom Industries, Inc. * | 150,308 | 19,012,459 |
Encore Wire Corp. | 67,913 | 16,367,033 |
Enerpac Tool Group Corp. | 114,115 | 3,846,817 |
EnerSys | 165,250 | 15,183,170 |
Enpro, Inc. | 54,754 | 8,531,768 |
Esab Corp. | 129,459 | 12,831,976 |
ESCO Technologies, Inc. | 52,652 | 5,364,712 |
Federal Signal Corp. | 125,291 | 10,262,586 |
Franklin Electric Co., Inc. | 98,349 | 10,224,362 |
FTAI Aviation Ltd. | 213,974 | 12,044,596 |
Gates Industrial Corp. PLC * | 546,184 | 8,039,828 |
GATX Corp. | 139,519 | 17,696,590 |
Generac Holdings, Inc. * | 129,971 | 14,623,037 |
Gibraltar Industries, Inc. * | 102,511 | 7,939,477 |
GMS, Inc. * | 186,111 | 16,621,573 |
Gorman-Rupp Co. | 107,224 | 4,002,672 |
GrafTech International Ltd. | 3,285,861 | 5,783,115 |
Granite Construction, Inc. | 262,121 | 13,507,095 |
Great Lakes Dredge & Dock Corp. * | 472,922 | 4,227,923 |
Greenbrier Cos., Inc. | 336,128 | 17,394,624 |
Griffon Corp. | 149,181 | 10,651,523 |
H&E Equipment Services, Inc. | 160,354 | 9,058,397 |
HEICO Corp. | 81,263 | 15,716,264 |
Herc Holdings, Inc. | 92,282 | 14,643,308 |
Hillenbrand, Inc. | 240,209 | 11,421,938 |
Hillman Solutions Corp. * | 489,831 | 4,770,954 |
JELD-WEN Holding, Inc. * | 1,002,390 | 18,243,498 |
John Bean Technologies Corp. | 74,395 | 7,549,605 |
Kadant, Inc. | 19,363 | 6,531,140 |
Kaman Corp. | 253,759 | 11,624,700 |
Kennametal, Inc. | 475,705 | 12,006,794 |
Kratos Defense & Security Solutions, Inc. * | 229,592 | 4,187,758 |
Lindsay Corp. | 23,297 | 2,779,565 |
Manitowoc Co., Inc. * | 352,045 | 4,907,507 |
Masonite International Corp. * | 122,982 | 16,017,176 |
McGrath RentCorp | 62,642 | 7,797,676 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Mercury Systems, Inc. * | 109,087 | 3,258,429 |
Moog, Inc., Class A | 105,430 | 15,809,228 |
MRC Global, Inc. * | 642,619 | 7,409,397 |
Mueller Water Products, Inc., Class A | 497,081 | 7,729,610 |
MYR Group, Inc. * | 59,725 | 9,702,923 |
National Presto Industries, Inc. | 36,624 | 2,832,134 |
PGT Innovations, Inc. * | 146,171 | 6,105,563 |
Primoris Services Corp. | 384,506 | 15,191,832 |
Proto Labs, Inc. * | 132,963 | 4,843,842 |
Quanex Building Products Corp. | 190,343 | 6,582,061 |
RBC Bearings, Inc. * | 23,284 | 6,352,574 |
REV Group, Inc. | 319,373 | 6,591,859 |
Rush Enterprises, Inc., Class A | 411,515 | 20,040,780 |
Shyft Group, Inc. | 220,312 | 2,271,417 |
Simpson Manufacturing Co., Inc. | 87,545 | 18,268,891 |
SiteOne Landscape Supply, Inc. * | 76,640 | 12,912,307 |
SPX Technologies, Inc. * | 61,802 | 7,242,576 |
Standex International Corp. | 32,152 | 5,562,296 |
Sterling Infrastructure, Inc. * | 67,620 | 7,210,997 |
Stratasys Ltd. * | 222,992 | 2,753,951 |
Tennant Co. | 63,237 | 7,157,796 |
Terex Corp. | 275,376 | 15,792,814 |
Textainer Group Holdings Ltd. | 156,228 | 7,795,777 |
Titan Machinery, Inc. * | 136,871 | 3,453,255 |
TPI Composites, Inc. *(a) | 538,903 | 1,503,539 |
Trex Co., Inc. * | 141,927 | 13,023,222 |
Trinity Industries, Inc. | 499,278 | 12,671,676 |
Tutor Perini Corp. * | 1,373,335 | 15,559,886 |
Valmont Industries, Inc. | 55,571 | 11,777,162 |
Vertiv Holdings Co. | 249,990 | 16,904,324 |
Wabash National Corp. | 312,281 | 8,519,026 |
Watts Water Technologies, Inc., Class A | 52,994 | 10,808,126 |
WillScot Mobile Mini Holdings Corp. * | 171,736 | 8,200,394 |
Woodward, Inc. | 133,727 | 18,921,033 |
Zurn Elkay Water Solutions Corp. | 127,319 | 4,042,378 |
995,140,909 | ||
Commercial & Professional Services 5.7% | ||
ACCO Brands Corp. | 1,395,171 | 7,785,054 |
Barrett Business Services, Inc. | 27,307 | 3,331,181 |
BrightView Holdings, Inc. * | 655,819 | 5,712,184 |
Brink's Co. | 139,412 | 11,547,496 |
Casella Waste Systems, Inc., Class A * | 42,649 | 3,842,675 |
CBIZ, Inc. * | 97,333 | 7,351,562 |
Cimpress PLC * | 108,528 | 10,636,829 |
Clarivate PLC * | 685,585 | 4,922,500 |
Clean Harbors, Inc. * | 98,863 | 18,002,952 |
Conduent, Inc. * | 2,028,677 | 6,978,649 |
CoreCivic, Inc. * | 1,341,071 | 20,424,511 |
CRA International, Inc. | 23,260 | 3,082,880 |
CSG Systems International, Inc. | 112,331 | 6,128,779 |
Dayforce, Inc. * | 39,206 | 2,735,011 |
Deluxe Corp. | 594,186 | 11,533,150 |
Dun & Bradstreet Holdings, Inc. | 702,106 | 7,400,197 |
Ennis, Inc. | 170,675 | 3,468,116 |
Enviri Corp. * | 845,012 | 6,641,794 |
ExlService Holdings, Inc. * | 234,219 | 7,288,895 |
Exponent, Inc. | 49,651 | 4,016,269 |
FTI Consulting, Inc. * | 85,284 | 17,643,554 |
GEO Group, Inc. * | 1,629,541 | 19,994,468 |
Healthcare Services Group, Inc. * | 825,061 | 10,527,778 |
Heidrick & Struggles International, Inc. | 94,128 | 3,200,352 |
HNI Corp. | 335,582 | 15,037,430 |
Huron Consulting Group, Inc. * | 38,345 | 3,762,795 |
ICF International, Inc. | 54,537 | 8,445,055 |
Insperity, Inc. | 65,672 | 6,684,753 |
Interface, Inc. | 530,763 | 8,343,594 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Kelly Services, Inc., Class A | 799,161 | 19,603,419 |
Kforce, Inc. | 101,416 | 7,062,610 |
Korn Ferry | 241,759 | 15,390,378 |
Matthews International Corp., Class A | 155,694 | 4,505,784 |
MillerKnoll, Inc. | 561,288 | 17,147,349 |
MSA Safety, Inc. | 47,338 | 8,717,293 |
NV5 Global, Inc. * | 24,949 | 2,537,563 |
OPENLANE, Inc. * | 695,833 | 10,625,370 |
Parsons Corp. * | 98,635 | 7,950,967 |
Paycom Software, Inc. | 25,082 | 4,574,706 |
Pitney Bowes, Inc. | 2,260,336 | 9,109,154 |
Resources Connection, Inc. | 252,317 | 3,489,544 |
Rollins, Inc. | 220,731 | 9,727,615 |
SP Plus Corp. * | 64,586 | 3,320,366 |
Steelcase, Inc., Class A | 1,235,242 | 16,972,225 |
Stericycle, Inc. * | 255,499 | 13,896,591 |
Tetra Tech, Inc. | 90,733 | 16,088,776 |
TriNet Group, Inc. * | 86,457 | 11,067,361 |
TrueBlue, Inc. * | 532,193 | 6,253,268 |
TTEC Holdings, Inc. | 106,711 | 1,862,107 |
UniFirst Corp. | 67,245 | 11,345,577 |
Verra Mobility Corp. * | 175,337 | 3,790,786 |
451,509,272 | ||
Consumer Discretionary Distribution & Retail 5.4% | ||
1-800-Flowers.com, Inc., Class A * | 304,926 | 3,177,329 |
Aaron's Co., Inc. | 631,650 | 4,895,288 |
Abercrombie & Fitch Co., Class A * | 388,048 | 49,577,012 |
American Eagle Outfitters, Inc. | 1,051,552 | 24,974,360 |
America's Car-Mart, Inc. * | 31,488 | 2,120,402 |
Arko Corp. | 381,634 | 2,492,070 |
Beyond, Inc. * | 368,221 | 12,346,450 |
Big 5 Sporting Goods Corp. (a) | 499,453 | 2,397,374 |
Boot Barn Holdings, Inc. * | 62,987 | 5,826,298 |
Buckle, Inc. | 170,143 | 6,965,654 |
Caleres, Inc. | 166,710 | 6,436,673 |
Camping World Holdings, Inc., Class A | 141,427 | 3,774,687 |
Children's Place, Inc. *(a) | 174,383 | 3,355,129 |
Citi Trends, Inc. * | 160,073 | 4,962,263 |
Conn's, Inc. * | 745,105 | 2,995,322 |
Container Store Group, Inc. * | 962,757 | 1,328,605 |
ContextLogic, Inc., Class A * | 660,268 | 4,291,742 |
Designer Brands, Inc., Class A | 581,722 | 6,142,984 |
Dillard's, Inc., Class A | 24,379 | 10,110,703 |
Etsy, Inc. * | 133,729 | 9,587,032 |
Five Below, Inc. * | 48,993 | 9,831,915 |
Floor & Decor Holdings, Inc., Class A * | 96,779 | 11,721,872 |
GameStop Corp., Class A *(a) | 879,224 | 12,546,526 |
Genesco, Inc. * | 199,151 | 6,356,900 |
Guess?, Inc. | 269,860 | 6,849,047 |
Haverty Furniture Cos., Inc. | 159,674 | 5,476,818 |
Hibbett, Inc. | 148,640 | 12,181,048 |
Leslie's, Inc. * | 306,029 | 2,417,629 |
LL Flooring Holdings, Inc. * | 765,075 | 1,637,261 |
MarineMax, Inc. * | 236,996 | 7,868,267 |
MercadoLibre, Inc. * | 4,966 | 7,922,260 |
Monro, Inc. | 176,664 | 5,930,610 |
National Vision Holdings, Inc. * | 292,917 | 6,854,258 |
Ollie's Bargain Outlet Holdings, Inc. * | 157,842 | 12,654,193 |
Petco Health & Wellness Co., Inc. * | 677,738 | 1,762,119 |
PetMed Express, Inc. | 218,615 | 1,106,192 |
RH * | 33,790 | 9,271,976 |
Sally Beauty Holdings, Inc. * | 1,130,861 | 14,282,774 |
Shoe Carnival, Inc. | 151,818 | 4,975,076 |
Signet Jewelers Ltd. | 203,403 | 20,698,289 |
Sleep Number Corp. * | 526,369 | 8,695,616 |
Sonic Automotive, Inc., Class A | 212,201 | 11,140,552 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Stitch Fix, Inc., Class A * | 1,089,792 | 3,520,028 |
Upbound Group, Inc. | 350,052 | 11,817,756 |
Urban Outfitters, Inc. * | 440,661 | 18,309,465 |
Valvoline, Inc. * | 347,444 | 14,815,012 |
Victoria's Secret & Co. * | 593,928 | 16,962,584 |
Vroom, Inc. * | 70,077 | 819,901 |
Wayfair, Inc., Class A * | 91,439 | 5,449,764 |
Zumiez, Inc. * | 274,175 | 4,830,964 |
426,464,049 | ||
Consumer Durables & Apparel 4.3% | ||
Acushnet Holdings Corp. | 102,166 | 6,581,534 |
Beazer Homes USA, Inc. * | 252,264 | 7,903,431 |
Cavco Industries, Inc. * | 26,143 | 9,740,097 |
Century Communities, Inc. | 167,109 | 14,419,836 |
Columbia Sportswear Co. | 169,038 | 13,977,752 |
Crocs, Inc. * | 123,005 | 15,037,361 |
Ethan Allen Interiors, Inc. | 148,810 | 4,974,718 |
Fossil Group, Inc. * | 2,125,821 | 2,253,370 |
G-III Apparel Group Ltd. * | 639,617 | 21,280,058 |
GoPro, Inc., Class A * | 573,720 | 1,342,505 |
Helen of Troy Ltd. * | 123,147 | 15,393,375 |
Installed Building Products, Inc. | 42,880 | 10,245,318 |
iRobot Corp. *(a) | 226,417 | 2,583,418 |
Kontoor Brands, Inc. | 158,058 | 9,342,808 |
La-Z-Boy, Inc. | 328,335 | 12,473,447 |
LGI Homes, Inc. * | 103,434 | 11,800,785 |
M/I Homes, Inc. * | 163,023 | 20,702,291 |
Mattel, Inc. * | 673,535 | 13,268,639 |
Movado Group, Inc. | 88,124 | 2,530,040 |
Oxford Industries, Inc. | 53,771 | 5,451,842 |
Peloton Interactive, Inc., Class A * | 465,775 | 2,105,303 |
SharkNinja, Inc. | 199,474 | 10,771,596 |
Skyline Champion Corp. * | 117,496 | 9,844,990 |
Smith & Wesson Brands, Inc. | 523,873 | 7,192,776 |
Sonos, Inc. * | 294,689 | 5,587,303 |
Steven Madden Ltd. | 360,349 | 15,430,144 |
Sturm Ruger & Co., Inc. | 122,850 | 5,321,862 |
TopBuild Corp. * | 61,375 | 24,696,072 |
Topgolf Callaway Brands Corp. * | 349,724 | 4,980,070 |
Tupperware Brands Corp. *(a) | 3,544,771 | 4,679,098 |
Under Armour, Inc., Class A * | 1,683,287 | 15,082,252 |
Vista Outdoor, Inc. * | 292,260 | 9,118,512 |
Wolverine World Wide, Inc. | 912,477 | 9,279,891 |
Worthington Enterprises, Inc. | 198,248 | 12,315,166 |
YETI Holdings, Inc. * | 131,513 | 5,397,294 |
343,104,954 | ||
Consumer Services 5.0% | ||
ADT, Inc. | 1,731,179 | 12,568,360 |
Adtalem Global Education, Inc. * | 231,073 | 11,438,114 |
Airbnb, Inc., Class A * | 39,700 | 6,251,559 |
Arcos Dorados Holdings, Inc., Class A | 372,523 | 4,418,123 |
BJ's Restaurants, Inc. * | 112,168 | 3,928,123 |
Bloomin' Brands, Inc. | 327,975 | 8,914,361 |
Boyd Gaming Corp. | 184,270 | 12,185,775 |
Bright Horizons Family Solutions, Inc. * | 106,935 | 12,282,554 |
Brinker International, Inc. * | 184,203 | 8,535,967 |
Caesars Entertainment, Inc. * | 319,953 | 13,908,357 |
Carriage Services, Inc. | 86,708 | 2,152,093 |
Cheesecake Factory, Inc. | 138,044 | 4,883,997 |
Choice Hotels International, Inc. | 36,538 | 4,090,064 |
Churchill Downs, Inc. | 93,189 | 11,356,943 |
Cracker Barrel Old Country Store, Inc. | 156,188 | 10,328,712 |
Dave & Buster's Entertainment, Inc. * | 145,385 | 8,976,070 |
Denny's Corp. * | 311,671 | 2,876,723 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Dine Brands Global, Inc. | 44,496 | 2,158,501 |
DoorDash, Inc., Class A * | 90,849 | 11,317,060 |
Everi Holdings, Inc. * | 249,191 | 2,955,405 |
Frontdoor, Inc. * | 143,706 | 4,506,620 |
Graham Holdings Co., Class B | 22,765 | 15,988,543 |
Grand Canyon Education, Inc. * | 127,238 | 17,151,682 |
Hilton Grand Vacations, Inc. * | 173,750 | 7,797,900 |
Hyatt Hotels Corp., Class A | 89,409 | 13,732,328 |
International Game Technology PLC | 377,003 | 10,243,172 |
Jack in the Box, Inc. | 151,936 | 11,091,328 |
Laureate Education, Inc. | 762,791 | 10,229,027 |
Light & Wonder, Inc. * | 194,640 | 19,563,266 |
Marriott Vacations Worldwide Corp. | 144,933 | 13,506,306 |
Norwegian Cruise Line Holdings Ltd. * | 427,540 | 8,290,001 |
Papa John's International, Inc. | 45,758 | 3,289,543 |
Perdoceo Education Corp. | 341,052 | 6,074,136 |
Planet Fitness, Inc., Class A * | 106,265 | 6,593,743 |
Red Rock Resorts, Inc., Class A | 134,576 | 7,804,062 |
Sabre Corp. * | 1,756,823 | 4,655,581 |
Six Flags Entertainment Corp. * | 488,329 | 12,374,257 |
Strategic Education, Inc. | 80,346 | 8,901,533 |
Stride, Inc. * | 124,907 | 7,463,193 |
Texas Roadhouse, Inc. | 136,415 | 20,376,309 |
United Parks & Resorts, Inc. * | 69,783 | 3,583,357 |
Wendy's Co. | 525,679 | 9,520,047 |
Wingstop, Inc. | 14,140 | 4,963,847 |
WW International, Inc. * | 591,558 | 1,845,661 |
Wyndham Hotels & Resorts, Inc. | 168,546 | 12,902,196 |
397,974,499 | ||
Consumer Staples Distribution & Retail 0.8% | ||
Andersons, Inc. | 282,177 | 15,598,745 |
Chefs' Warehouse, Inc. * | 108,252 | 4,114,658 |
Grocery Outlet Holding Corp. * | 261,152 | 6,735,110 |
Ingles Markets, Inc., Class A | 164,123 | 12,639,112 |
PriceSmart, Inc. | 157,650 | 13,264,671 |
Weis Markets, Inc. | 174,018 | 11,300,729 |
63,653,025 | ||
Energy 3.8% | ||
Antero Midstream Corp. | 504,233 | 6,756,722 |
Archrock, Inc. | 649,055 | 11,858,235 |
Berry Corp. | 550,453 | 3,880,694 |
Cactus, Inc., Class A | 67,936 | 3,118,262 |
California Resources Corp. | 246,761 | 12,873,521 |
Callon Petroleum Co. * | 79,924 | 2,490,432 |
ChampionX Corp. | 236,194 | 7,336,186 |
Chord Energy Corp. | 29,777 | 4,837,274 |
Civitas Resources, Inc. | 66,931 | 4,596,821 |
Comstock Resources, Inc. | 228,658 | 1,955,026 |
CONSOL Energy, Inc. | 108,046 | 9,272,508 |
Core Laboratories, Inc. | 168,684 | 2,525,199 |
CVR Energy, Inc. | 198,981 | 6,602,190 |
DHT Holdings, Inc. | 632,723 | 6,846,063 |
Diamond Offshore Drilling, Inc. * | 209,562 | 2,324,043 |
Dorian LPG Ltd. | 121,482 | 4,391,574 |
Dril-Quip, Inc. * | 142,585 | 3,222,421 |
DT Midstream, Inc. | 202,495 | 11,669,787 |
EQT Corp. | 411,738 | 15,296,067 |
Geopark Ltd. | 231,279 | 1,988,999 |
Golar LNG Ltd. | 188,006 | 3,814,642 |
Green Plains, Inc. * | 259,936 | 5,536,637 |
Helix Energy Solutions Group, Inc. * | 617,812 | 5,560,308 |
International Seaways, Inc. | 54,070 | 2,861,925 |
Kosmos Energy Ltd. * | 1,141,736 | 7,010,259 |
Liberty Energy, Inc. | 509,534 | 10,893,837 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Magnolia Oil & Gas Corp., Class A | 176,090 | 3,993,721 |
Matador Resources Co. | 178,907 | 11,297,977 |
Nabors Industries Ltd. * | 90,024 | 7,055,181 |
Oceaneering International, Inc. * | 276,534 | 5,464,312 |
Oil States International, Inc. * | 417,847 | 2,252,195 |
Par Pacific Holdings, Inc. * | 110,250 | 3,982,230 |
Patterson-UTI Energy, Inc. | 1,461,213 | 16,906,234 |
Permian Resources Corp. | 263,817 | 4,104,993 |
ProPetro Holding Corp. * | 791,110 | 5,854,214 |
Range Resources Corp. | 245,933 | 7,776,401 |
RPC, Inc. | 409,946 | 3,029,501 |
Scorpio Tankers, Inc. | 85,986 | 5,772,240 |
Select Water Solutions, Inc. | 375,163 | 3,203,892 |
SFL Corp. Ltd. | 651,407 | 8,702,798 |
SM Energy Co. | 446,052 | 19,523,696 |
Talos Energy, Inc. * | 418,091 | 5,514,620 |
Teekay Tankers Ltd., Class A | 75,859 | 4,158,590 |
Texas Pacific Land Corp. | 3,358 | 5,290,260 |
Transocean Ltd. * | 1,374,309 | 6,445,509 |
Tsakos Energy Navigation Ltd. | 158,461 | 3,766,618 |
Valaris Ltd. * | 41,679 | 2,627,861 |
Weatherford International PLC * | 56,834 | 5,831,737 |
302,074,412 | ||
Equity Real Estate Investment Trusts (REITs) 7.7% | ||
Acadia Realty Trust | 331,591 | 5,434,777 |
Agree Realty Corp. | 63,864 | 3,509,327 |
Alexander & Baldwin, Inc. | 406,942 | 6,616,877 |
American Assets Trust, Inc. | 206,548 | 4,455,240 |
American Homes 4 Rent, Class A | 373,936 | 13,839,371 |
Americold Realty Trust, Inc. | 492,140 | 12,451,142 |
Apartment Income REIT Corp. | 404,286 | 12,257,952 |
Apple Hospitality REIT, Inc. | 862,619 | 13,879,540 |
Ashford Hospitality Trust, Inc. * | 1,444,138 | 2,787,186 |
Brandywine Realty Trust | 2,221,963 | 9,554,441 |
Broadstone Net Lease, Inc. | 199,918 | 2,980,777 |
CBL & Associates Properties, Inc. | 204,267 | 4,710,397 |
Centerspace | 44,417 | 2,469,141 |
Chatham Lodging Trust | 292,551 | 2,984,020 |
COPT Defense Properties | 387,538 | 9,390,046 |
Cousins Properties, Inc. | 529,596 | 12,080,085 |
CubeSmart | 294,729 | 12,853,132 |
DiamondRock Hospitality Co. | 1,168,121 | 10,980,337 |
Diversified Healthcare Trust | 10,265,203 | 33,669,866 |
Douglas Emmett, Inc. | 1,025,004 | 13,550,553 |
Easterly Government Properties, Inc. | 299,868 | 3,538,442 |
EastGroup Properties, Inc. | 36,504 | 6,413,388 |
Elme Communities | 330,550 | 4,257,484 |
Empire State Realty Trust, Inc., Class A | 832,600 | 8,301,022 |
EPR Properties | 245,359 | 10,079,348 |
Equity Commonwealth * | 140,447 | 2,644,617 |
Equity LifeStyle Properties, Inc. | 230,169 | 15,494,977 |
Essential Properties Realty Trust, Inc. | 113,411 | 2,709,389 |
Federal Realty Investment Trust | 170,169 | 17,161,544 |
First Industrial Realty Trust, Inc. | 162,557 | 8,615,521 |
Four Corners Property Trust, Inc. | 124,300 | 3,005,574 |
Getty Realty Corp. | 78,089 | 2,058,426 |
Global Net Lease, Inc. | 901,269 | 6,498,150 |
Healthcare Realty Trust, Inc. | 774,131 | 10,667,525 |
Highwoods Properties, Inc. | 597,285 | 14,603,618 |
Hudson Pacific Properties, Inc. | 1,937,247 | 12,282,146 |
Independence Realty Trust, Inc. | 235,572 | 3,448,774 |
Industrial Logistics Properties Trust | 1,327,339 | 5,083,708 |
JBG SMITH Properties | 597,711 | 9,910,048 |
Kilroy Realty Corp. | 436,023 | 16,520,911 |
Kite Realty Group Trust | 289,943 | 6,207,680 |
LTC Properties, Inc. | 95,970 | 3,019,216 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
LXP Industrial Trust | 726,134 | 6,288,320 |
Macerich Co. | 1,464,588 | 24,033,889 |
National Health Investors, Inc. | 107,681 | 6,188,427 |
National Storage Affiliates Trust | 114,808 | 4,111,274 |
NNN REIT, Inc. | 306,181 | 12,458,505 |
Office Properties Income Trust | 1,102,639 | 2,944,046 |
Outfront Media, Inc. | 751,471 | 10,798,638 |
Paramount Group, Inc. | 2,095,955 | 9,285,081 |
Pebblebrook Hotel Trust | 510,074 | 8,079,572 |
Phillips Edison & Co., Inc. | 231,845 | 8,281,503 |
Piedmont Office Realty Trust, Inc., Class A | 1,479,563 | 9,276,860 |
PotlatchDeltic Corp. | 275,599 | 12,459,831 |
Rayonier, Inc. | 360,941 | 12,427,199 |
Retail Opportunity Investments Corp. | 369,599 | 4,778,915 |
Rexford Industrial Realty, Inc. | 101,854 | 5,182,332 |
RLJ Lodging Trust | 1,096,802 | 13,019,040 |
Ryman Hospitality Properties, Inc. | 77,596 | 9,193,574 |
Sabra Health Care REIT, Inc. | 913,503 | 12,679,422 |
SITE Centers Corp. | 707,275 | 9,604,795 |
STAG Industrial, Inc. | 241,039 | 8,952,188 |
Sunstone Hotel Investors, Inc. | 924,696 | 10,347,348 |
Tanger, Inc. | 318,920 | 9,188,085 |
Terreno Realty Corp. | 59,738 | 3,841,153 |
Uniti Group, Inc. | 2,949,703 | 17,285,260 |
Urban Edge Properties | 409,031 | 6,957,617 |
Veris Residential, Inc. | 280,275 | 4,092,015 |
Xenia Hotels & Resorts, Inc. | 659,932 | 10,123,357 |
614,853,961 | ||
Financial Services 6.7% | ||
A-Mark Precious Metals, Inc. | 257,370 | 6,611,835 |
Apollo Commercial Real Estate Finance, Inc. | 677,622 | 7,596,143 |
Arbor Realty Trust, Inc. (a) | 437,084 | 5,856,926 |
ARES Management Corp., Class A | 80,645 | 10,695,946 |
Artisan Partners Asset Management, Inc., Class A | 270,035 | 11,630,408 |
B Riley Financial, Inc. (a) | 155,668 | 2,853,394 |
BGC Group, Inc., Class A | 1,240,159 | 8,619,105 |
Blackstone Mortgage Trust, Inc., Class A (a) | 547,946 | 11,161,660 |
Block, Inc. * | 195,213 | 15,513,577 |
Brightsphere Investment Group, Inc. | 396,777 | 8,990,967 |
BrightSpire Capital, Inc. | 399,057 | 2,757,484 |
Cannae Holdings, Inc. * | 226,900 | 4,950,958 |
Cohen & Steers, Inc. | 66,996 | 4,927,556 |
Compass Diversified Holdings | 377,358 | 8,679,234 |
Corebridge Financial, Inc. | 538,631 | 13,374,208 |
Credit Acceptance Corp. * | 30,552 | 16,913,587 |
Diamond Hill Investment Group, Inc. | 16,671 | 2,411,960 |
Donnelley Financial Solutions, Inc. * | 83,960 | 5,420,458 |
Encore Capital Group, Inc. * | 187,459 | 8,998,032 |
Enova International, Inc. * | 174,381 | 11,029,598 |
Essent Group Ltd. | 242,492 | 12,990,296 |
Euronet Worldwide, Inc. * | 139,916 | 15,312,407 |
EVERTEC, Inc. | 134,853 | 4,872,239 |
FactSet Research Systems, Inc. | 33,909 | 15,685,625 |
FirstCash Holdings, Inc. | 119,250 | 13,654,125 |
Granite Point Mortgage Trust, Inc. | 512,909 | 2,431,189 |
Green Dot Corp., Class A * | 321,307 | 2,637,931 |
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 94,121 | 2,369,026 |
Houlihan Lokey, Inc. | 96,277 | 12,386,999 |
Interactive Brokers Group, Inc., Class A | 55,007 | 5,980,361 |
Jackson Financial, Inc., Class A | 384,746 | 21,180,267 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
KKR Real Estate Finance Trust, Inc. | 263,139 | 2,565,605 |
Ladder Capital Corp. | 542,793 | 5,867,592 |
LendingTree, Inc. * | 119,058 | 4,711,125 |
MarketAxess Holdings, Inc. | 34,196 | 7,297,768 |
MFA Financial, Inc. | 765,425 | 8,588,069 |
Moelis & Co., Class A | 230,445 | 12,453,248 |
Morningstar, Inc. | 27,965 | 8,350,069 |
Mr Cooper Group, Inc. * | 190,890 | 13,606,639 |
Nelnet, Inc., Class A | 46,873 | 4,024,985 |
New York Mortgage Trust, Inc. | 643,969 | 4,643,017 |
NMI Holdings, Inc., Class A * | 156,882 | 4,719,011 |
Pagseguro Digital Ltd., Class A * | 610,033 | 8,491,659 |
Paysafe Ltd. * | 223,472 | 3,217,997 |
PennyMac Financial Services, Inc. | 147,497 | 12,526,920 |
PennyMac Mortgage Investment Trust | 539,839 | 7,627,925 |
Piper Sandler Cos. | 48,209 | 9,076,308 |
PJT Partners, Inc., Class A | 37,157 | 3,916,348 |
PRA Group, Inc. * | 290,275 | 7,419,429 |
PROG Holdings, Inc. * | 557,352 | 17,205,456 |
Redwood Trust, Inc. | 656,115 | 4,021,985 |
StepStone Group, Inc., Class A | 92,299 | 3,205,544 |
Stifel Financial Corp. | 232,780 | 17,658,691 |
StoneCo Ltd., Class A * | 418,919 | 7,209,596 |
TPG RE Finance Trust, Inc. | 607,193 | 4,541,804 |
TPG, Inc. | 265,992 | 11,796,745 |
Tradeweb Markets, Inc., Class A | 66,911 | 7,080,522 |
Two Harbors Investment Corp. | 408,672 | 5,177,874 |
Virtu Financial, Inc., Class A | 490,498 | 8,853,489 |
Virtus Investment Partners, Inc. | 22,817 | 5,300,845 |
Walker & Dunlop, Inc. | 117,859 | 11,241,391 |
WEX, Inc. * | 53,867 | 11,836,196 |
World Acceptance Corp. * | 40,606 | 4,862,975 |
XP, Inc., Class A | 322,124 | 7,615,011 |
535,205,339 | ||
Food, Beverage & Tobacco 2.3% | ||
Adecoagro SA | 662,181 | 6,648,297 |
B&G Foods, Inc. | 941,336 | 10,872,431 |
Boston Beer Co., Inc., Class A * | 22,863 | 7,045,005 |
Brown-Forman Corp., Class B | 257,459 | 15,506,756 |
Calavo Growers, Inc. | 168,586 | 4,865,392 |
Cal-Maine Foods, Inc. | 146,779 | 8,438,325 |
Coca-Cola Consolidated, Inc. | 9,600 | 8,071,680 |
Dole PLC | 887,982 | 10,487,067 |
Fresh Del Monte Produce, Inc. | 476,331 | 11,398,601 |
Hain Celestial Group, Inc. * | 924,786 | 9,247,860 |
J & J Snack Foods Corp. | 41,249 | 5,984,405 |
John B Sanfilippo & Son, Inc. | 46,931 | 4,804,326 |
Lancaster Colony Corp. | 45,241 | 9,361,268 |
Mission Produce, Inc. * | 259,520 | 2,737,936 |
National Beverage Corp. * | 61,018 | 3,211,987 |
Nomad Foods Ltd. | 735,126 | 13,548,372 |
Pilgrim's Pride Corp. * | 305,824 | 9,737,436 |
Seneca Foods Corp., Class A * | 87,806 | 4,448,252 |
Simply Good Foods Co. * | 93,716 | 3,325,044 |
TreeHouse Foods, Inc. * | 295,828 | 10,587,684 |
Universal Corp. | 236,702 | 11,364,063 |
Vector Group Ltd. | 564,933 | 6,304,652 |
177,996,839 | ||
Health Care Equipment & Services 3.7% | ||
Acadia Healthcare Co., Inc. * | 185,186 | 15,453,772 |
AdaptHealth Corp. * | 257,685 | 2,636,118 |
Addus HomeCare Corp. * | 33,287 | 3,071,724 |
Amedisys, Inc. * | 105,886 | 9,849,516 |
AMN Healthcare Services, Inc. * | 136,155 | 7,661,442 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Avanos Medical, Inc. * | 151,523 | 2,813,782 |
Brookdale Senior Living, Inc. * | 1,449,291 | 8,289,944 |
Community Health Systems, Inc. * | 3,794,138 | 10,585,645 |
CONMED Corp. | 46,481 | 3,733,354 |
Cross Country Healthcare, Inc. * | 128,037 | 2,339,236 |
Dexcom, Inc. * | 61,966 | 7,130,428 |
Embecta Corp. | 666,999 | 9,524,746 |
Enhabit, Inc. * | 674,294 | 6,068,646 |
Enovis Corp. * | 156,571 | 9,364,511 |
Ensign Group, Inc. | 79,360 | 9,913,651 |
Envista Holdings Corp. * | 500,335 | 10,331,918 |
Fulgent Genetics, Inc. * | 86,496 | 1,951,350 |
Globus Medical, Inc., Class A * | 247,649 | 13,370,569 |
Haemonetics Corp. * | 86,536 | 6,315,397 |
HealthEquity, Inc. * | 54,917 | 4,536,693 |
ICU Medical, Inc. * | 60,306 | 6,587,224 |
Insulet Corp. * | 11,836 | 1,941,104 |
Integer Holdings Corp. * | 91,325 | 10,072,234 |
Integra LifeSciences Holdings Corp. * | 143,305 | 5,289,388 |
LivaNova PLC * | 69,436 | 3,805,787 |
Masimo Corp. * | 73,123 | 9,399,230 |
Merit Medical Systems, Inc. * | 72,455 | 5,521,071 |
ModivCare, Inc. * | 76,338 | 2,140,518 |
Multiplan Corp. * | 5,077,946 | 5,687,299 |
National HealthCare Corp. | 79,609 | 7,854,224 |
Neogen Corp. * | 214,323 | 3,684,212 |
OmniAb, Inc., Class A *(b) | 9,356 | 0 |
OmniAb, Inc., Class B *(b) | 9,356 | 0 |
Omnicell, Inc. * | 93,948 | 2,465,196 |
OPKO Health, Inc. *(a) | 1,935,174 | 1,935,174 |
Option Care Health, Inc. * | 223,377 | 7,208,376 |
Orthofix Medical, Inc. * | 144,985 | 1,893,504 |
Pediatrix Medical Group, Inc. * | 808,313 | 7,396,064 |
Penumbra, Inc. * | 10,061 | 2,363,530 |
Premier, Inc., Class A | 580,067 | 12,100,198 |
QuidelOrtho Corp. * | 115,808 | 5,280,845 |
RadNet, Inc. * | 90,017 | 3,408,044 |
Select Medical Holdings Corp. | 509,666 | 13,878,205 |
Teladoc Health, Inc. * | 217,682 | 3,282,645 |
U.S. Physical Therapy, Inc. | 26,860 | 2,854,412 |
Varex Imaging Corp. * | 160,155 | 2,754,666 |
Veeva Systems, Inc., Class A * | 56,745 | 12,796,565 |
Zimvie, Inc. * | 378,280 | 6,411,846 |
292,954,003 | ||
Household & Personal Products 1.2% | ||
BellRing Brands, Inc. * | 67,937 | 3,869,012 |
Central Garden & Pet Co., Class A * | 203,571 | 7,672,591 |
Coty, Inc., Class A * | 680,526 | 8,547,407 |
Edgewell Personal Care Co. | 238,823 | 9,120,650 |
Energizer Holdings, Inc. | 233,823 | 6,675,647 |
Herbalife Ltd. * | 926,355 | 8,179,715 |
Inter Parfums, Inc. | 21,489 | 3,152,866 |
Medifast, Inc. | 69,199 | 2,774,188 |
Nu Skin Enterprises, Inc., Class A | 613,075 | 7,663,437 |
Reynolds Consumer Products, Inc. | 177,377 | 5,232,622 |
Spectrum Brands Holdings, Inc. | 238,401 | 19,172,208 |
USANA Health Sciences, Inc. * | 109,730 | 5,295,570 |
WD-40 Co. | 20,305 | 5,449,659 |
92,805,572 | ||
Insurance 2.0% | ||
Ambac Financial Group, Inc. * | 238,197 | 3,896,903 |
American Equity Investment Life Holding Co. * | 348,635 | 19,363,188 |
Axis Capital Holdings Ltd. | 241,602 | 15,117,037 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Brighthouse Financial, Inc. * | 61,134 | 2,845,788 |
CNA Financial Corp. | 146,216 | 6,426,193 |
Employers Holdings, Inc. | 155,443 | 7,105,300 |
Enstar Group Ltd. * | 32,469 | 9,998,504 |
Horace Mann Educators Corp. | 155,580 | 5,630,440 |
James River Group Holdings Ltd. | 234,271 | 2,340,367 |
MBIA, Inc. | 337,586 | 2,204,437 |
Mercury General Corp. | 238,201 | 11,598,007 |
ProAssurance Corp. | 399,734 | 4,928,720 |
RLI Corp. | 47,943 | 7,021,252 |
Safety Insurance Group, Inc. | 80,967 | 6,652,249 |
Selective Insurance Group, Inc. | 122,775 | 12,827,532 |
SiriusPoint Ltd. * | 330,847 | 4,059,493 |
Stewart Information Services Corp. | 248,041 | 15,621,622 |
United Fire Group, Inc. | 157,048 | 3,657,648 |
Universal Insurance Holdings, Inc. | 255,717 | 5,162,926 |
White Mountains Insurance Group Ltd. | 8,478 | 14,967,400 |
161,425,006 | ||
Materials 5.9% | ||
AdvanSix, Inc. | 182,921 | 5,118,130 |
Alpha Metallurgical Resources, Inc. | 35,465 | 13,379,171 |
Alto Ingredients, Inc. * | 2,026,998 | 4,459,396 |
American Vanguard Corp. | 168,734 | 1,808,828 |
Arcadium Lithium PLC * | 317,528 | 1,743,229 |
Arch Resources, Inc. | 76,118 | 12,581,544 |
Ashland, Inc. | 176,177 | 16,497,214 |
ATI, Inc. * | 105,990 | 5,212,588 |
Avient Corp. | 386,682 | 15,652,887 |
Balchem Corp. | 47,292 | 7,433,830 |
Cabot Corp. | 184,833 | 15,701,563 |
Carpenter Technology Corp. | 176,163 | 11,388,938 |
Century Aluminum Co. * | 333,473 | 3,491,462 |
Clearwater Paper Corp. * | 157,775 | 6,198,980 |
Coeur Mining, Inc. * | 1,361,069 | 3,525,169 |
Compass Minerals International, Inc. | 226,983 | 5,175,212 |
Constellium SE * | 588,624 | 11,413,419 |
Ecovyst, Inc. * | 331,788 | 3,201,754 |
Element Solutions, Inc. | 672,214 | 15,797,029 |
Glatfelter Corp. * | 1,692,989 | 3,775,365 |
Greif, Inc., Class A | 142,042 | 9,156,027 |
Hawkins, Inc. | 61,774 | 4,339,624 |
HB Fuller Co. | 184,208 | 14,650,062 |
Hecla Mining Co. | 1,114,045 | 3,943,719 |
Ingevity Corp. * | 166,593 | 7,609,968 |
Innospec, Inc. | 86,924 | 10,802,046 |
Kaiser Aluminum Corp. | 118,789 | 8,614,578 |
Koppers Holdings, Inc. | 149,929 | 8,488,980 |
Materion Corp. | 54,099 | 7,266,578 |
Mativ Holdings, Inc. | 389,482 | 6,765,302 |
Mercer International, Inc. | 531,498 | 4,879,152 |
Metallus, Inc. * | 284,038 | 6,177,827 |
Minerals Technologies, Inc. | 169,628 | 12,274,282 |
Myers Industries, Inc. | 156,740 | 3,014,110 |
NewMarket Corp. | 23,004 | 14,760,977 |
Olympic Steel, Inc. | 100,859 | 6,860,429 |
Orion SA | 272,895 | 6,151,053 |
Pactiv Evergreen, Inc. | 564,954 | 8,333,072 |
Quaker Chemical Corp. | 25,626 | 5,138,013 |
Radius Recycling, Inc., Class A | 342,202 | 6,761,912 |
Royal Gold, Inc. | 77,201 | 7,923,139 |
Ryerson Holding Corp. | 152,113 | 4,803,729 |
Scotts Miracle-Gro Co. | 254,243 | 16,703,765 |
Sensient Technologies Corp. | 164,657 | 11,012,260 |
Southern Copper Corp. | 182,072 | 14,722,342 |
Stepan Co. | 121,458 | 10,834,054 |
Summit Materials, Inc., Class A * | 379,896 | 16,225,358 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SunCoke Energy, Inc. | 715,599 | 7,664,065 |
Sylvamo Corp. | 359,307 | 21,705,736 |
TriMas Corp. | 177,361 | 4,167,984 |
Trinseo PLC | 1,152,092 | 5,184,414 |
Tronox Holdings PLC | 863,694 | 12,696,302 |
Westlake Corp. | 124,830 | 17,315,169 |
Worthington Steel, Inc. * | 48,373 | 1,531,489 |
472,033,225 | ||
Media & Entertainment 3.6% | ||
AMC Entertainment Holdings, Inc., Class A * | 139,165 | 601,193 |
AMC Networks, Inc., Class A * | 927,955 | 12,007,738 |
Bumble, Inc., Class A * | 166,878 | 1,910,753 |
Cable One, Inc. | 19,839 | 9,046,584 |
Cargurus, Inc. * | 160,967 | 3,563,809 |
Cars.com, Inc. * | 139,505 | 2,558,522 |
Cinemark Holdings, Inc. * | 578,310 | 10,068,377 |
Clear Channel Outdoor Holdings, Inc. * | 5,622,153 | 9,670,103 |
EchoStar Corp., Class A * | 2,610,305 | 34,221,099 |
EW Scripps Co., Class A * | 535,699 | 2,158,867 |
Gannett Co., Inc. * | 1,965,367 | 4,186,232 |
Gray Television, Inc. | 1,191,315 | 6,957,280 |
IAC, Inc. * | 179,405 | 10,190,204 |
iHeartMedia, Inc., Class A * | 2,637,503 | 7,305,883 |
John Wiley & Sons, Inc., Class A | 249,223 | 8,311,587 |
Liberty Broadband Corp., Class C * | 35,469 | 2,134,524 |
Liberty Media Corp.-Liberty Formula One, Class C * | 148,492 | 10,804,278 |
Lions Gate Entertainment Corp., Class A * | 1,045,531 | 10,152,106 |
Madison Square Garden Entertainment Corp. * | 51,669 | 1,988,740 |
Match Group, Inc. * | 291,185 | 10,494,307 |
New York Times Co., Class A | 288,510 | 12,775,223 |
Pinterest, Inc., Class A * | 239,785 | 8,800,109 |
Roku, Inc. * | 77,792 | 4,914,899 |
Scholastic Corp. | 170,955 | 6,742,465 |
Shutterstock, Inc. | 55,819 | 2,721,734 |
Sinclair, Inc. | 302,402 | 4,490,670 |
Sirius XM Holdings, Inc. (a) | 2,390,383 | 10,565,493 |
Sphere Entertainment Co. * | 27,238 | 1,179,405 |
Spotify Technology SA * | 93,440 | 23,958,950 |
Taboola.com Ltd. * | 738,808 | 3,221,203 |
Thryv Holdings, Inc. * | 309,332 | 6,477,412 |
Trade Desk, Inc., Class A * | 52,577 | 4,491,653 |
TripAdvisor, Inc. * | 375,888 | 10,081,316 |
WideOpenWest, Inc. * | 478,698 | 1,914,792 |
Yelp, Inc. * | 302,727 | 11,636,826 |
Ziff Davis, Inc. * | 169,127 | 11,629,173 |
ZoomInfo Technologies, Inc. * | 162,426 | 2,722,260 |
286,655,769 | ||
Pharmaceuticals, Biotechnology & Life Sciences 2.2% | ||
Alkermes PLC * | 134,766 | 4,001,203 |
Azenta, Inc. * | 88,310 | 5,753,396 |
BioMarin Pharmaceutical, Inc. * | 84,345 | 7,277,287 |
Bio-Rad Laboratories, Inc., Class A * | 34,917 | 11,378,752 |
Bio-Techne Corp. | 109,807 | 8,078,501 |
Bruker Corp. | 144,583 | 12,512,213 |
Charles River Laboratories International, Inc. * | 75,667 | 19,233,795 |
Corcept Therapeutics, Inc. * | 153,957 | 3,617,989 |
Elanco Animal Health, Inc. * | 1,212,400 | 19,265,036 |
Emergent BioSolutions, Inc. * | 2,024,028 | 6,537,610 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Exact Sciences Corp. * | 41,148 | 2,367,244 |
Exelixis, Inc. * | 485,527 | 10,633,041 |
Halozyme Therapeutics, Inc. * | 76,811 | 3,057,846 |
Incyte Corp. * | 174,996 | 10,212,767 |
Innoviva, Inc. * | 374,335 | 5,719,839 |
Medpace Holdings, Inc. * | 19,716 | 7,837,504 |
Mural Oncology PLC * | 14,002 | 74,071 |
Myriad Genetics, Inc. * | 165,827 | 3,470,759 |
Neurocrine Biosciences, Inc. * | 37,507 | 4,890,913 |
Prestige Consumer Healthcare, Inc. * | 126,236 | 8,783,501 |
Repligen Corp. * | 17,772 | 3,447,590 |
Royalty Pharma PLC, Class A | 482,616 | 14,642,569 |
Supernus Pharmaceuticals, Inc. * | 103,455 | 3,072,614 |
175,866,040 | ||
Real Estate Management & Development 1.0% | ||
CoStar Group, Inc. * | 170,353 | 14,825,822 |
Cushman & Wakefield PLC * | 1,080,160 | 10,790,798 |
Douglas Elliman, Inc. | 1,127,902 | 2,075,340 |
eXp World Holdings, Inc. | 206,488 | 2,704,993 |
Howard Hughes Holdings, Inc. * | 64,869 | 4,955,992 |
Kennedy-Wilson Holdings, Inc. | 541,505 | 4,754,414 |
Marcus & Millichap, Inc. | 115,058 | 4,221,478 |
Newmark Group, Inc., Class A | 800,470 | 8,637,071 |
Opendoor Technologies, Inc. * | 2,238,567 | 6,894,786 |
RMR Group, Inc., Class A | 98,963 | 2,421,625 |
Star Holdings * | 198,823 | 2,455,464 |
Zillow Group, Inc., Class C * | 247,528 | 13,898,697 |
78,636,480 | ||
Semiconductors & Semiconductor Equipment 2.3% | ||
Amkor Technology, Inc. | 524,774 | 16,278,490 |
Axcelis Technologies, Inc. * | 25,290 | 2,849,424 |
Cirrus Logic, Inc. * | 193,314 | 17,750,092 |
Cohu, Inc. * | 99,247 | 3,188,806 |
Diodes, Inc. * | 120,609 | 8,199,000 |
Enphase Energy, Inc. * | 29,002 | 3,683,544 |
Entegris, Inc. | 149,574 | 20,096,763 |
FormFactor, Inc. * | 148,594 | 6,394,000 |
GLOBALFOUNDRIES, Inc. *(a) | 72,355 | 3,955,648 |
Ichor Holdings Ltd. * | 120,255 | 5,146,914 |
Kulicke & Soffa Industries, Inc. | 166,651 | 7,935,921 |
Lattice Semiconductor Corp. * | 40,836 | 3,128,446 |
Magnachip Semiconductor Corp. * | 441,384 | 2,515,889 |
Monolithic Power Systems, Inc. | 16,459 | 11,851,138 |
Onto Innovation, Inc. * | 42,046 | 7,743,191 |
Photronics, Inc. * | 265,534 | 7,644,724 |
Power Integrations, Inc. | 78,621 | 5,618,257 |
Semtech Corp. * | 280,992 | 5,957,030 |
Silicon Laboratories, Inc. * | 95,600 | 13,148,824 |
SMART Global Holdings, Inc. * | 202,246 | 4,301,772 |
SolarEdge Technologies, Inc. * | 40,754 | 2,737,446 |
Synaptics, Inc. * | 80,269 | 8,034,927 |
Ultra Clean Holdings, Inc. * | 186,692 | 8,065,094 |
Universal Display Corp. | 33,052 | 5,764,930 |
Wolfspeed, Inc. * | 78,820 | 2,050,896 |
184,041,166 | ||
Software & Services 4.0% | ||
ACI Worldwide, Inc. * | 320,960 | 10,562,794 |
Alarm.com Holdings, Inc. * | 50,956 | 3,856,860 |
AppLovin Corp., Class A * | 161,562 | 9,648,483 |
Bentley Systems, Inc., Class B | 102,914 | 5,286,692 |
Blackbaud, Inc. * | 60,227 | 4,166,504 |
Cerence, Inc. * | 151,023 | 2,250,243 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
CommVault Systems, Inc. * | 98,736 | 9,450,023 |
Consensus Cloud Solutions, Inc. * | 99,211 | 1,579,439 |
Dolby Laboratories, Inc., Class A | 128,588 | 10,415,628 |
Dropbox, Inc., Class A * | 581,319 | 13,922,590 |
Envestnet, Inc. * | 83,665 | 4,311,257 |
EPAM Systems, Inc. * | 60,843 | 18,520,609 |
Fair Isaac Corp. * | 18,461 | 23,443,808 |
Globant SA * | 28,199 | 6,293,171 |
GoDaddy, Inc., Class A * | 185,654 | 21,192,404 |
Guidewire Software, Inc. * | 38,092 | 4,545,899 |
InterDigital, Inc. | 81,219 | 8,692,057 |
LiveRamp Holdings, Inc. * | 232,029 | 8,116,374 |
Manhattan Associates, Inc. * | 40,646 | 10,296,851 |
Palantir Technologies, Inc., Class A * | 282,017 | 7,072,986 |
Pegasystems, Inc. | 62,376 | 4,056,935 |
Perficient, Inc. * | 50,949 | 3,305,062 |
Progress Software Corp. | 63,907 | 3,410,078 |
PTC, Inc. * | 49,862 | 9,125,245 |
Qualys, Inc. * | 31,240 | 5,368,906 |
Rackspace Technology, Inc. * | 1,695,150 | 3,576,766 |
RingCentral, Inc., Class A * | 208,779 | 6,977,394 |
ServiceNow, Inc. * | 25,302 | 19,516,445 |
Snowflake, Inc., Class A * | 16,624 | 3,129,967 |
Splunk, Inc. * | 113,316 | 17,702,225 |
SPS Commerce, Inc. * | 14,829 | 2,745,738 |
Teradata Corp. * | 311,797 | 11,729,803 |
Twilio, Inc., Class A * | 113,988 | 6,792,545 |
Tyler Technologies, Inc. * | 21,301 | 9,311,519 |
Unisys Corp. * | 1,073,440 | 5,571,154 |
Verint Systems, Inc. * | 98,323 | 3,107,990 |
Workday, Inc., Class A * | 35,196 | 10,370,853 |
Zoom Video Communications, Inc., Class A * | 166,731 | 11,792,884 |
321,216,181 | ||
Technology Hardware & Equipment 4.2% | ||
ADTRAN Holdings, Inc. | 354,503 | 2,017,122 |
Advanced Energy Industries, Inc. | 73,575 | 7,445,790 |
Badger Meter, Inc. | 29,250 | 4,641,683 |
Belden, Inc. | 111,901 | 9,531,727 |
Benchmark Electronics, Inc. | 494,983 | 15,200,928 |
Cognex Corp. | 267,211 | 10,541,474 |
Coherent Corp. * | 233,231 | 13,872,580 |
CommScope Holding Co., Inc. * | 3,384,971 | 3,943,491 |
Comtech Telecommunications Corp. * | 244,315 | 1,651,569 |
Crane NXT Co. | 121,295 | 7,086,054 |
CTS Corp. | 83,272 | 3,710,600 |
ePlus, Inc. * | 130,848 | 10,780,567 |
Fabrinet * | 81,112 | 17,485,314 |
IPG Photonics Corp. * | 104,824 | 9,051,553 |
Itron, Inc. * | 116,859 | 10,830,492 |
Knowles Corp. * | 373,654 | 6,105,506 |
Littelfuse, Inc. | 50,522 | 12,036,361 |
Lumentum Holdings, Inc. * | 204,157 | 9,895,490 |
Methode Electronics, Inc. | 216,544 | 4,612,387 |
NETGEAR, Inc. * | 407,649 | 6,110,659 |
NetScout Systems, Inc. * | 338,079 | 7,319,410 |
Novanta, Inc. * | 22,768 | 3,937,498 |
OSI Systems, Inc. * | 55,646 | 7,299,642 |
PC Connection, Inc. | 114,935 | 7,629,385 |
Plexus Corp. * | 141,946 | 13,399,703 |
Pure Storage, Inc., Class A * | 79,632 | 4,192,625 |
Rogers Corp. * | 46,475 | 5,208,453 |
ScanSource, Inc. * | 345,379 | 14,930,734 |
Super Micro Computer, Inc. * | 69,800 | 60,455,176 |
TTM Technologies, Inc. * | 903,398 | 13,415,460 |
Viasat, Inc. * | 382,677 | 7,488,989 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Viavi Solutions, Inc. * | 645,930 | 6,168,632 |
Vontier Corp. | 396,111 | 17,032,773 |
335,029,827 | ||
Telecommunication Services 0.7% | ||
ATN International, Inc. | 71,336 | 2,392,610 |
Cogent Communications Holdings, Inc. | 82,026 | 6,636,724 |
Consolidated Communications Holdings, Inc. * | 1,433,752 | 6,179,471 |
Frontier Communications Parent, Inc. * | 870,565 | 20,614,979 |
GCI Liberty, Inc. *(b) | 31,423 | 0 |
Iridium Communications, Inc. | 126,232 | 3,654,416 |
Liberty Latin America Ltd., Class C * | 2,026,918 | 13,215,505 |
Shenandoah Telecommunications Co. | 281,116 | 5,245,625 |
57,939,330 | ||
Transportation 3.2% | ||
Air Transport Services Group, Inc. * | 412,655 | 4,980,746 |
Alaska Air Group, Inc. * | 159,202 | 5,952,563 |
American Airlines Group, Inc. * | 626,626 | 9,825,496 |
ArcBest Corp. | 133,294 | 19,042,381 |
Costamare, Inc. | 299,048 | 3,400,176 |
Covenant Logistics Group, Inc. | 74,060 | 3,605,241 |
Danaos Corp. | 50,464 | 3,630,885 |
Daseke, Inc. * | 2,010,543 | 16,586,980 |
Forward Air Corp. | 111,232 | 4,130,044 |
Genco Shipping & Trading Ltd. | 169,093 | 3,449,497 |
Golden Ocean Group Ltd. | 713,521 | 9,183,015 |
Heartland Express, Inc. | 273,336 | 3,493,234 |
Hub Group, Inc., Class A * | 407,436 | 17,328,253 |
JetBlue Airways Corp. * | 973,491 | 6,308,222 |
Kirby Corp. * | 147,927 | 12,976,156 |
Lyft, Inc., Class A * | 460,590 | 7,314,169 |
Marten Transport Ltd. | 264,292 | 4,981,904 |
Matson, Inc. | 47,145 | 5,235,452 |
RXO, Inc. * | 719,468 | 15,482,951 |
Saia, Inc. * | 36,653 | 21,090,136 |
Schneider National, Inc., Class B | 368,204 | 8,671,204 |
SkyWest, Inc. * | 149,437 | 9,596,844 |
Spirit Airlines, Inc. (a) | 168,439 | 1,086,432 |
Star Bulk Carriers Corp. | 236,022 | 5,633,845 |
U-Haul Holding Co., Non Voting Shares | 287,758 | 18,292,776 |
XPO, Inc. * | 262,161 | 31,543,212 |
252,821,814 | ||
Utilities 2.4% | ||
ALLETE, Inc. | 221,442 | 12,542,475 |
American States Water Co. | 56,420 | 4,028,952 |
Atlantica Sustainable Infrastructure PLC | 343,491 | 6,169,098 |
Avangrid, Inc. | 321,341 | 10,003,345 |
Avista Corp. | 343,777 | 11,413,396 |
California Water Service Group | 112,727 | 5,173,042 |
Chesapeake Utilities Corp. | 40,482 | 4,130,378 |
Clearway Energy, Inc., Class C | 213,692 | 4,658,486 |
Essential Utilities, Inc. | 396,511 | 13,790,653 |
Hawaiian Electric Industries, Inc. | 823,548 | 10,030,815 |
IDACORP, Inc. | 145,344 | 12,806,260 |
MGE Energy, Inc. | 79,070 | 4,996,433 |
New Jersey Resources Corp. | 270,736 | 11,265,325 |
Northwest Natural Holding Co. | 139,979 | 5,142,829 |
Northwestern Energy Group, Inc. | 238,497 | 11,428,776 |
ONE Gas, Inc. | 185,799 | 11,073,620 |
Ormat Technologies, Inc. | 89,954 | 5,860,503 |
Otter Tail Corp. | 96,725 | 8,749,744 |
PNM Resources, Inc. | 306,086 | 11,175,200 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
ReNew Energy Global PLC, Class A * | 541,861 | 3,522,097 |
SJW Group | 54,912 | 3,023,455 |
Spire, Inc. | 219,885 | 13,043,578 |
Unitil Corp. | 64,519 | 3,287,888 |
187,316,348 | ||
Total Common Stocks (Cost $7,053,103,206) | 7,945,223,316 |
SHORT-TERM INVESTMENTS 0.7% OF NET ASSETS | ||
Money Market Funds 0.7% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (c) | 7,033,227 | 7,033,227 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (c)(d) | 51,437,196 | 51,437,196 |
58,470,423 | ||
Total Short-Term Investments (Cost $58,470,423) | 58,470,423 | |
Total Investments in Securities (Cost $7,111,573,629) | 8,003,693,739 |
NUMBER OF CONTRACTS | NOTIONAL AMOUNT ($) | CURRENT VALUE/ UNREALIZED APPRECIATION ($) | |
FUTURES CONTRACTS | |||
Long | |||
Russell 2000 Index, e-mini, expires 03/15/24 | 131 | 13,475,315 | 148,023 |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $49,360,042. |
(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. |
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 | $7,594,329,983 | $— | $— | $7,594,329,983 |
Health Care Equipment & Services | 292,954,003 | — | 0 * | 292,954,003 |
Telecommunication Services | 57,939,330 | — | 0 * | 57,939,330 |
Short-Term Investments1 | 58,470,423 | — | — | 58,470,423 |
Futures Contracts2 | 148,023 | — | — | 148,023 |
Total | $8,003,841,762 | $— | $0 | $8,003,841,762 |
* | Level 3 amount shown includes securities determined to have no value at February 29, 2024. |
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 $7,111,573,629) including securities on loan of $49,360,042 | $8,003,693,739 | |
Deposit with broker for futures contracts | 1,332,500 | |
Receivables: | ||
Investments sold | 13,444,195 | |
Dividends | 9,314,886 | |
Fund shares sold | 5,497,046 | |
Income from securities on loan | 433,622 | |
Variation margin on future contracts | + | 113,728 |
Total assets | 8,033,829,716 | |
Liabilities | ||
Collateral held for securities on loan | 51,437,196 | |
Payables: | ||
Investments bought | 22,578,886 | |
Management fees | + | 1,535,876 |
Total liabilities | 75,551,958 | |
Net assets | $7,958,277,758 | |
Net Assets by Source | ||
Capital received from investors | $7,868,875,442 | |
Total distributable earnings | + | 89,402,316 |
Net assets | $7,958,277,758 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$7,958,277,758 | 144,000,000 | $55.27 | ||
For the period March 1, 2023 through February 29, 2024 | ||
Investment Income | ||
Dividends received from securities - unaffiliated (net of foreign withholding tax of $55,514) | $110,323,462 | |
Interest received from securities - unaffiliated | 92,313 | |
Securities on loan, net | + | 4,943,518 |
Total investment income | 115,359,293 | |
Expenses | ||
Management fees | 16,715,314 | |
Total expenses | – | 16,715,314 |
Net investment income | 98,643,979 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (209,078,126 ) | |
Net realized gains on sales of in-kind redemptions - unaffiliated | 372,703,866 | |
Net realized gains on futures contracts | + | 1,511,467 |
Net realized gains | 165,137,207 | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | 432,302,859 | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | 155,790 |
Net change in unrealized appreciation (depreciation) | + | 432,458,649 |
Net realized and unrealized gains | 597,595,856 | |
Increase in net assets resulting from operations | $696,239,835 |
OPERATIONS | |||
3/1/23-2/29/24 | 3/1/22-2/28/23 | ||
Net investment income | $98,643,979 | $85,736,265 | |
Net realized gains | 165,137,207 | 196,878,392 | |
Net change in unrealized appreciation (depreciation) | + | 432,458,649 | (327,802,100 ) |
Increase (decrease) in net assets resulting from operations | $696,239,835 | ($45,187,443 ) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($100,406,860 ) | ($74,669,735 ) |
TRANSACTIONS IN FUND SHARES | |||||
3/1/23-2/29/24 | 3/1/22-2/28/23 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 33,950,000 | $1,703,422,320 | 51,850,000 | $2,567,816,882 | |
Shares redeemed | + | (15,650,000 ) | (773,969,779 ) | (17,500,000 ) | (858,079,463 ) |
Net transactions in fund shares | 18,300,000 | $929,452,541 | 34,350,000 | $1,709,737,419 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
3/1/23-2/29/24 | 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 | + | 18,300,000 | 1,525,285,516 | 34,350,000 | 1,589,880,241 |
End of period | 144,000,000 | $7,958,277,758 | 125,700,000 | $6,432,992,242 |
3/1/23– 2/29/24 | 3/1/22– 2/28/23 | 3/1/21– 2/28/22 | 3/1/20– 2/28/21 | 3/1/19– 2/29/20 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $30.98 | $32.25 | $30.94 | $25.24 | $27.54 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 1.06 | 1.03 | 1.04 | 0.70 | 0.91 | |
Net realized and unrealized gains (losses) | 3.22 | (1.40 ) | 1.42 | 5.64 | (2.29 ) | |
Total from investment operations | 4.28 | (0.37 ) | 2.46 | 6.34 | (1.38 ) | |
Less distributions: | ||||||
Distributions from net investment income | (1.15 ) | (0.90 ) | (1.15 ) | (0.64 ) | (0.92 ) | |
Net asset value at end of period | $34.11 | $30.98 | $32.25 | $30.94 | $25.24 | |
Total return | 14.06 % | (0.91 %) | 7.95 % | 25.47 % | (5.32 %) | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.25 % | 0.25 %2 | 0.25 % | 0.25 % | 0.25 % | |
Net investment income (loss) | 3.31 % | 3.50 % | 3.16 % | 2.74 % | 3.27 % | |
Portfolio turnover rate3 | 11 % | 15 % | 15 % | 15 % | 20 % | |
Net assets, end of period (x 1,000,000) | $12,251 | $9,343 | $7,382 | $5,721 | $4,417 |
1 | Calculated based on the average shares outstanding during the period. |
2 | Ratio includes less than 0.005% of non-routine proxy expenses. |
3 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY | NUMBER OF SHARES | VALUE ($) |
COMMON STOCKS 98.3% OF NET ASSETS | ||
Australia 4.8% | ||
AGL Energy Ltd. | 1,473,018 | 8,152,826 |
Amcor PLC | 912,481 | 8,122,197 |
AMP Ltd. | 4,110,058 | 2,984,036 |
Ampol Ltd. | 341,571 | 8,763,112 |
ANZ Group Holdings Ltd. | 2,089,690 | 38,711,973 |
APA Group | 694,601 | 3,550,473 |
Aristocrat Leisure Ltd. | 145,028 | 4,403,505 |
Aurizon Holdings Ltd. | 2,007,731 | 4,980,944 |
BHP Group Ltd. | 3,045,076 | 87,104,484 |
BlueScope Steel Ltd. | 645,692 | 9,602,906 |
Brambles Ltd. | 834,924 | 8,192,970 |
Coles Group Ltd. | 807,038 | 8,881,000 |
Commonwealth Bank of Australia | 706,348 | 53,541,457 |
Computershare Ltd. | 151,118 | 2,550,541 |
CSL Ltd. | 76,241 | 14,210,196 |
Downer EDI Ltd. | 1,418,634 | 4,600,244 |
Endeavour Group Ltd. | 965,900 | 3,459,203 |
Fortescue Ltd. | 1,210,537 | 20,439,099 |
Goodman Group | 232,915 | 4,534,713 |
Incitec Pivot Ltd. | 1,411,032 | 2,480,743 |
Insurance Australia Group Ltd. | 1,371,489 | 5,536,881 |
James Hardie Industries PLC * | 117,204 | 4,636,282 |
JB Hi-Fi Ltd. | 108,144 | 4,334,931 |
Lendlease Corp. Ltd. | 1,118,012 | 4,673,720 |
Macquarie Group Ltd. | 127,162 | 16,130,572 |
Medibank Pvt Ltd. | 2,119,404 | 4,954,381 |
Metcash Ltd. | 1,475,728 | 3,565,015 |
Mineral Resources Ltd. | 62,245 | 2,703,002 |
Mirvac Group | 2,164,353 | 3,072,315 |
National Australia Bank Ltd. | 1,718,268 | 37,861,902 |
Orica Ltd. | 292,043 | 3,253,704 |
Origin Energy Ltd. | 1,128,971 | 6,608,816 |
QBE Insurance Group Ltd. | 576,956 | 6,495,594 |
Ramsay Health Care Ltd. | 90,667 | 3,241,767 |
Rio Tinto Ltd. | 383,756 | 30,930,492 |
Santos Ltd. | 1,218,751 | 5,618,617 |
Scentre Group | 2,787,232 | 5,644,360 |
Sims Ltd. | 250,325 | 1,995,110 |
Sonic Healthcare Ltd. | 272,300 | 5,292,650 |
South32 Ltd. | 3,775,726 | 7,252,766 |
Stockland | 1,632,517 | 4,772,932 |
Suncorp Group Ltd. | 1,043,842 | 10,399,378 |
Telstra Group Ltd. | 3,792,169 | 9,432,617 |
Transurban Group | 660,396 | 5,822,430 |
Treasury Wine Estates Ltd. | 322,615 | 2,594,375 |
Wesfarmers Ltd. | 629,025 | 27,295,061 |
Westpac Banking Corp. | 2,575,099 | 44,183,053 |
Woodside Energy Group Ltd. | 501,925 | 9,922,515 |
Woolworths Group Ltd. | 566,752 | 12,038,107 |
Worley Ltd. | 260,477 | 2,837,569 |
592,367,536 | ||
SECURITY | NUMBER OF SHARES | VALUE ($) |
Austria 0.3% | ||
BAWAG Group AG | 64,276 | 3,634,316 |
Erste Group Bank AG | 244,166 | 9,749,878 |
OMV AG | 205,130 | 9,043,526 |
Raiffeisen Bank International AG | 219,745 | 4,575,217 |
voestalpine AG | 212,178 | 5,795,319 |
Wienerberger AG | 118,130 | 4,129,052 |
36,927,308 | ||
Belgium 0.7% | ||
Ageas SA | 189,551 | 8,040,809 |
Anheuser-Busch InBev SA | 552,009 | 33,284,717 |
Colruyt Group NV | 95,368 | 4,580,128 |
Groupe Bruxelles Lambert NV | 114,359 | 8,581,077 |
KBC Group NV | 163,270 | 11,466,707 |
Proximus SADP | 442,835 | 3,705,283 |
Solvay SA | 66,153 | 1,682,306 |
Syensqo SA * | 65,487 | 5,854,305 |
UCB SA | 59,580 | 6,866,536 |
Umicore SA | 268,517 | 5,605,207 |
89,667,075 | ||
Canada 7.0% | ||
Agnico Eagle Mines Ltd. | 146,480 | 7,029,442 |
Algonquin Power & Utilities Corp. | 408,621 | 2,389,033 |
Alimentation Couche-Tard, Inc. | 537,643 | 33,364,110 |
AltaGas Ltd. | 174,408 | 3,740,575 |
ARC Resources Ltd. | 204,006 | 3,478,939 |
Atco Ltd., Class I | 121,395 | 3,326,761 |
B2Gold Corp. | 742,222 | 1,789,410 |
Bank of Montreal | 307,954 | 27,890,345 |
Bank of Nova Scotia | 868,496 | 42,139,361 |
Barrick Gold Corp. | 1,104,442 | 16,114,504 |
Bausch Health Cos., Inc. * | 494,919 | 4,659,649 |
BCE, Inc. | 252,718 | 9,383,182 |
Canadian Imperial Bank of Commerce | 569,332 | 26,956,538 |
Canadian National Railway Co. | 204,413 | 26,520,113 |
Canadian Natural Resources Ltd. | 529,713 | 36,921,935 |
Canadian Pacific Kansas City Ltd. | 169,759 | 14,422,037 |
Canadian Tire Corp. Ltd., Class A | 58,334 | 5,939,415 |
Cenovus Energy, Inc. | 462,309 | 8,061,052 |
CGI, Inc. * | 101,101 | 11,614,670 |
CI Financial Corp. | 339,728 | 4,237,990 |
Constellation Software, Inc. | 1,523 | 4,242,628 |
Crescent Point Energy Corp. | 481,622 | 3,511,809 |
Dollarama, Inc. | 58,185 | 4,503,455 |
Emera, Inc. | 171,396 | 6,015,003 |
Enbridge, Inc. | 1,258,902 | 43,298,395 |
Fairfax Financial Holdings Ltd. | 12,372 | 13,213,371 |
Finning International, Inc. | 133,295 | 3,496,617 |
First Quantum Minerals Ltd. | 292,435 | 2,770,516 |
Fortis, Inc. | 282,577 | 10,902,241 |
Franco-Nevada Corp. | 17,814 | 1,866,178 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
George Weston Ltd. | 70,362 | 9,221,476 |
Gildan Activewear, Inc. | 126,817 | 4,418,750 |
Great-West Lifeco, Inc. | 142,064 | 4,378,129 |
Hydro One Ltd. | 144,673 | 4,314,537 |
iA Financial Corp., Inc. | 47,009 | 2,916,856 |
Imperial Oil Ltd. | 134,453 | 8,417,996 |
Intact Financial Corp. | 42,718 | 7,107,751 |
Keyera Corp. | 153,589 | 3,780,983 |
Kinross Gold Corp. | 1,268,283 | 6,208,869 |
Linamar Corp. | 68,582 | 3,358,437 |
Loblaw Cos. Ltd. | 123,523 | 13,172,387 |
Lundin Mining Corp. | 504,409 | 3,990,348 |
Magna International, Inc. | 487,450 | 26,874,709 |
Manulife Financial Corp. | 1,152,815 | 27,376,541 |
Methanex Corp. | 63,631 | 2,847,644 |
Metro, Inc. | 163,383 | 8,851,242 |
National Bank of Canada | 134,608 | 10,512,792 |
Northland Power, Inc. | 140,165 | 2,376,816 |
Nutrien Ltd. | 388,454 | 20,288,334 |
Onex Corp. | 192,318 | 14,330,800 |
Open Text Corp. | 113,379 | 4,362,628 |
Parkland Corp. | 148,049 | 4,738,310 |
Pembina Pipeline Corp. | 278,958 | 9,713,707 |
Power Corp. of Canada | 351,820 | 10,170,577 |
Restaurant Brands International, Inc. | 76,680 | 5,957,561 |
RioCan Real Estate Investment Trust | 174,771 | 2,303,908 |
Royal Bank of Canada | 599,194 | 58,225,214 |
Saputo, Inc. | 183,697 | 3,739,355 |
SNC-Lavalin Group, Inc. | 125,279 | 4,236,773 |
Sun Life Financial, Inc. | 267,615 | 14,221,764 |
Suncor Energy, Inc. | 1,321,619 | 45,435,982 |
TC Energy Corp. | 612,362 | 24,235,332 |
Teck Resources Ltd., Class B | 271,958 | 10,456,453 |
TELUS Corp. | 274,433 | 4,789,198 |
TFI International, Inc. | 26,598 | 3,932,194 |
Thomson Reuters Corp. | 39,235 | 6,197,299 |
Toronto-Dominion Bank | 807,172 | 48,495,186 |
Tourmaline Oil Corp. | 69,355 | 3,140,623 |
Waste Connections, Inc. | 51,153 | 8,516,512 |
West Fraser Timber Co. Ltd. | 110,531 | 8,900,502 |
Wheaton Precious Metals Corp. | 65,723 | 2,710,132 |
WSP Global, Inc. | 34,091 | 5,414,445 |
858,438,326 | ||
Denmark 1.0% | ||
AP Moller - Maersk AS, Class A | 4,583 | 6,220,846 |
AP Moller - Maersk AS, Class B | 8,363 | 11,832,498 |
Carlsberg AS, Class B | 41,807 | 5,832,575 |
Coloplast AS, Class B | 28,356 | 3,769,109 |
Danske Bank AS | 406,529 | 11,951,007 |
DSV AS | 55,333 | 8,884,383 |
ISS AS | 150,339 | 2,706,333 |
Novo Nordisk AS, Class B | 322,322 | 38,355,958 |
Novozymes AS, Class B | 107,472 | 6,066,100 |
Orsted AS | 92,448 | 5,189,908 |
Pandora AS | 42,895 | 6,930,902 |
Vestas Wind Systems AS * | 364,228 | 10,149,082 |
117,888,701 | ||
Finland 1.0% | ||
Elisa OYJ | 64,203 | 2,894,424 |
Fortum OYJ | 464,108 | 5,800,810 |
Huhtamaki OYJ | 70,955 | 2,788,026 |
Kesko OYJ, B Shares | 283,893 | 5,426,952 |
Kone OYJ, B Shares | 153,476 | 7,510,323 |
Mandatum OYJ * | 236,517 | 1,039,017 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Neste OYJ | 237,219 | 6,512,647 |
Nokia OYJ | 4,292,371 | 15,140,348 |
Nokian Renkaat OYJ | 328,482 | 2,998,719 |
Nordea Bank Abp | 2,130,389 | 25,912,710 |
Outokumpu OYJ | 710,433 | 3,146,679 |
Sampo OYJ, A Shares | 254,579 | 11,397,135 |
Stora Enso OYJ, R Shares | 654,506 | 8,272,639 |
UPM-Kymmene OYJ | 425,244 | 14,233,304 |
Valmet OYJ | 85,074 | 2,228,842 |
Wartsila OYJ Abp | 316,607 | 4,897,701 |
120,200,276 | ||
France 8.2% | ||
Accor SA | 75,799 | 3,288,419 |
Air Liquide SA | 177,089 | 36,008,578 |
Airbus SE | 115,624 | 19,136,243 |
ALD SA | 355,338 | 2,176,435 |
Alstom SA (a) | 232,481 | 3,104,490 |
Amundi SA | 41,093 | 2,705,927 |
Arkema SA | 80,087 | 8,299,153 |
Atos SE *(a) | 486,989 | 1,212,089 |
AXA SA | 1,191,990 | 42,412,320 |
BNP Paribas SA | 973,970 | 58,369,522 |
Bollore SE | 654,164 | 4,488,110 |
Bouygues SA | 374,265 | 14,811,252 |
Bureau Veritas SA | 97,645 | 2,839,261 |
Capgemini SE | 60,141 | 14,623,837 |
Carrefour SA | 1,181,996 | 19,864,383 |
Casino Guichard Perrachon SA *(a) | 1,192,197 | 587,012 |
Cie de Saint-Gobain SA | 495,721 | 38,194,860 |
Cie Generale des Etablissements Michelin SCA | 743,081 | 27,493,046 |
Credit Agricole SA | 1,052,590 | 14,261,039 |
Danone SA | 420,571 | 26,861,245 |
Dassault Systemes SE | 75,007 | 3,505,277 |
Edenred SE | 43,848 | 2,172,741 |
Eiffage SA | 85,595 | 9,322,873 |
Elis SA | 212,478 | 4,851,589 |
Engie SA | 1,839,507 | 29,532,885 |
EssilorLuxottica SA | 76,174 | 16,169,806 |
Eurazeo SE | 50,316 | 4,252,504 |
Eurofins Scientific SE | 41,723 | 2,494,117 |
Eutelsat Communications SACA *(a) | 411,120 | 1,528,655 |
Forvia SE * | 321,990 | 4,587,234 |
Hermes International SCA | 2,267 | 5,674,332 |
Kering SA | 27,602 | 12,696,037 |
Klepierre SA | 116,398 | 2,957,544 |
Legrand SA | 90,055 | 9,111,860 |
L'Oreal SA | 58,955 | 28,179,654 |
LVMH Moet Hennessy Louis Vuitton SE | 43,724 | 39,877,876 |
Orange SA | 3,342,399 | 38,361,672 |
Pernod Ricard SA | 52,654 | 8,806,189 |
Pluxee NV * | 49,687 | 1,421,378 |
Publicis Groupe SA | 126,196 | 13,353,135 |
Renault SA | 485,489 | 20,242,587 |
Rexel SA | 298,044 | 7,643,924 |
Rubis SCA | 155,984 | 4,105,171 |
Safran SA | 90,888 | 19,051,263 |
Sanofi SA | 619,378 | 58,909,163 |
Schneider Electric SE | 178,480 | 40,521,233 |
SCOR SE | 172,178 | 5,250,568 |
SEB SA | 24,877 | 2,945,120 |
SES SA, Class A | 622,340 | 4,030,691 |
Societe Generale SA | 1,206,148 | 29,276,387 |
Sodexo SA | 49,934 | 3,982,460 |
STMicroelectronics NV | 177,342 | 8,007,474 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Teleperformance SE | 32,966 | 4,086,476 |
Thales SA | 33,212 | 4,925,629 |
TotalEnergies SE | 2,281,970 | 145,671,951 |
Unibail-Rodamco-Westfield * | 56,850 | 4,157,538 |
Valeo SE | 553,328 | 6,412,978 |
Veolia Environnement SA | 477,000 | 14,788,721 |
Vinci SA | 279,343 | 35,791,270 |
Vivendi SE | 411,951 | 4,605,041 |
Wendel SE | 35,334 | 3,458,510 |
1,007,458,734 | ||
Germany 7.3% | ||
adidas AG | 106,178 | 21,500,193 |
Allianz SE | 268,995 | 73,893,967 |
Aurubis AG | 82,072 | 5,202,738 |
BASF SE | 1,359,462 | 69,254,024 |
Bayer AG | 688,910 | 20,941,213 |
Bayerische Motoren Werke AG | 426,841 | 50,449,389 |
Beiersdorf AG | 27,428 | 3,934,246 |
Brenntag SE | 101,280 | 9,248,064 |
Commerzbank AG | 417,674 | 4,833,991 |
Continental AG | 199,321 | 15,978,707 |
Covestro AG * | 331,513 | 18,044,970 |
Daimler Truck Holding AG | 307,867 | 12,586,724 |
Deutsche Bank AG | 1,220,121 | 16,322,221 |
Deutsche Boerse AG | 35,512 | 7,439,917 |
Deutsche Lufthansa AG * | 502,322 | 3,907,310 |
Deutsche Post AG | 887,127 | 41,193,806 |
Deutsche Telekom AG | 3,368,396 | 80,137,764 |
E.ON SE | 1,857,359 | 23,737,412 |
Evonik Industries AG | 266,763 | 4,924,841 |
Freenet AG | 135,414 | 3,654,665 |
Fresenius Medical Care AG | 301,116 | 11,528,672 |
Fresenius SE & Co. KGaA | 740,527 | 20,739,237 |
GEA Group AG | 104,685 | 4,222,129 |
Hannover Rueck SE | 25,981 | 6,671,772 |
Heidelberg Materials AG | 188,156 | 18,264,094 |
Henkel AG & Co. KGaA | 84,940 | 5,735,674 |
Infineon Technologies AG | 308,154 | 11,036,155 |
K&S AG | 232,873 | 3,250,846 |
KION Group AG | 119,718 | 6,039,755 |
Kloeckner & Co. SE | 320,346 | 2,248,107 |
Knorr-Bremse AG | 46,431 | 3,249,868 |
Lanxess AG | 162,854 | 4,115,029 |
Mercedes-Benz Group AG | 939,009 | 74,829,207 |
Merck KGaA | 40,347 | 6,889,788 |
METRO AG | 377,688 | 2,111,014 |
MTU Aero Engines AG | 16,584 | 3,989,481 |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 55,499 | 25,849,076 |
ProSiebenSat.1 Media SE (a) | 321,885 | 2,112,957 |
Puma SE | 44,912 | 2,064,107 |
Rheinmetall AG | 16,692 | 7,658,820 |
RWE AG | 265,407 | 8,903,519 |
Salzgitter AG | 83,482 | 2,141,060 |
SAP SE | 316,591 | 59,228,526 |
Siemens AG | 326,436 | 64,624,074 |
Siemens Energy AG * | 520,729 | 8,004,618 |
Siemens Healthineers AG * | 80,897 | 4,858,621 |
Symrise AG | 35,255 | 3,607,579 |
thyssenkrupp AG | 1,155,572 | 5,906,124 |
United Internet AG | 196,200 | 4,755,921 |
Volkswagen AG | 75,047 | 11,796,063 |
Vonovia SE | 411,960 | 11,501,709 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Zalando SE * | 95,545 | 2,018,252 |
897,138,016 | ||
Hong Kong 1.6% | ||
AIA Group Ltd. | 3,588,558 | 29,152,908 |
BOC Hong Kong Holdings Ltd. | 2,430,829 | 6,411,790 |
CK Asset Holdings Ltd. | 1,682,092 | 7,767,171 |
CK Hutchison Holdings Ltd. | 4,999,200 | 25,382,971 |
CLP Holdings Ltd. | 1,351,977 | 11,268,202 |
Galaxy Entertainment Group Ltd. | 550,965 | 3,008,603 |
Hang Seng Bank Ltd. | 437,261 | 4,993,247 |
Henderson Land Development Co. Ltd. | 854,153 | 2,465,749 |
Hong Kong & China Gas Co. Ltd. | 5,893,714 | 4,562,118 |
Hong Kong Exchanges & Clearing Ltd. | 127,426 | 3,951,951 |
Hongkong Land Holdings Ltd. | 837,425 | 2,830,496 |
Jardine Matheson Holdings Ltd. | 427,208 | 17,904,287 |
Lenovo Group Ltd. | 8,587,143 | 9,509,826 |
Link REIT | 764,524 | 3,803,675 |
MTR Corp. Ltd. | 749,868 | 2,490,365 |
New World Development Co. Ltd. (a) | 2,871,829 | 3,620,600 |
Orient Overseas International Ltd. | 180,036 | 2,798,690 |
PCCW Ltd. | 5,720,981 | 2,849,968 |
Sands China Ltd. * | 803,931 | 2,289,963 |
Sino Land Co. Ltd. | 2,166,389 | 2,338,288 |
Sun Hung Kai Properties Ltd. | 1,105,778 | 11,151,284 |
Swire Pacific Ltd., A Shares | 800,314 | 6,634,526 |
Swire Pacific Ltd., B Shares | 1,147,760 | 1,495,395 |
Techtronic Industries Co. Ltd. | 453,126 | 4,905,276 |
WH Group Ltd. | 20,260,283 | 12,214,967 |
Wharf Real Estate Investment Co. Ltd. | 727,756 | 2,430,873 |
Xinyi Glass Holdings Ltd. | 1,793,802 | 1,833,029 |
190,066,218 | ||
Ireland 0.1% | ||
Bank of Ireland Group PLC | 346,158 | 3,016,988 |
Kerry Group PLC, Class A | 67,161 | 5,897,117 |
Kingspan Group PLC | 51,056 | 4,612,293 |
13,526,398 | ||
Israel 0.2% | ||
Bank Hapoalim BM | 623,108 | 5,963,107 |
Bank Leumi Le-Israel BM | 863,643 | 7,234,908 |
ICL Group Ltd. | 575,695 | 3,044,820 |
Israel Discount Bank Ltd., A Shares | 538,053 | 2,805,058 |
Teva Pharmaceutical Industries Ltd. * | 410,747 | 5,404,021 |
24,451,914 | ||
Italy 3.0% | ||
A2A SpA | 1,876,521 | 3,411,539 |
Assicurazioni Generali SpA | 1,104,469 | 26,198,818 |
Banco BPM SpA | 1,087,217 | 6,322,684 |
Enel SpA | 8,508,477 | 54,167,437 |
Eni SpA | 3,073,341 | 47,386,242 |
Ferrari NV | 12,941 | 5,460,202 |
Hera SpA | 938,848 | 3,247,055 |
Intesa Sanpaolo SpA | 13,283,124 | 42,231,803 |
Iveco Group NV * | 312,286 | 3,845,762 |
Leonardo SpA | 366,567 | 7,836,425 |
Mediobanca Banca di Credito Finanziario SpA | 361,951 | 4,933,278 |
Pirelli & C SpA | 513,323 | 3,027,435 |
Poste Italiane SpA | 314,647 | 3,690,970 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Prysmian SpA | 128,036 | 6,380,421 |
Snam SpA | 1,048,732 | 4,903,841 |
Stellantis NV | 2,889,716 | 75,472,733 |
Telecom Italia SpA * | 39,328,858 | 11,835,863 |
Tenaris SA | 207,867 | 3,693,570 |
Terna - Rete Elettrica Nazionale | 518,845 | 4,067,276 |
UniCredit SpA | 1,223,237 | 40,916,382 |
Unipol Gruppo SpA | 547,567 | 4,403,830 |
363,433,566 | ||
Japan 28.3% | ||
Advantest Corp. | 151,147 | 6,978,190 |
Aeon Co. Ltd. | 717,615 | 17,140,867 |
AGC, Inc. | 299,578 | 10,714,512 |
Air Water, Inc. | 283,312 | 4,089,634 |
Aisin Corp. | 447,114 | 16,869,465 |
Ajinomoto Co., Inc. | 196,003 | 7,206,551 |
Alfresa Holdings Corp. | 538,601 | 8,048,247 |
Alps Alpine Co. Ltd. | 576,953 | 4,240,317 |
Amada Co. Ltd. | 360,270 | 4,001,796 |
Asahi Group Holdings Ltd. | 382,659 | 13,123,463 |
Asahi Kasei Corp. | 2,362,783 | 16,441,762 |
Astellas Pharma, Inc. | 1,082,031 | 11,939,428 |
Bandai Namco Holdings, Inc. | 320,483 | 6,194,677 |
Bridgestone Corp. | 658,614 | 28,365,243 |
Brother Industries Ltd. | 385,383 | 6,461,673 |
Canon, Inc. | 1,028,165 | 30,068,004 |
Central Japan Railway Co. | 693,111 | 17,453,968 |
Chubu Electric Power Co., Inc. | 1,298,696 | 16,195,738 |
Chugai Pharmaceutical Co. Ltd. | 184,331 | 7,389,497 |
Chugoku Electric Power Co., Inc. | 662,836 | 4,475,151 |
Coca-Cola Bottlers Japan Holdings, Inc. | 319,580 | 4,233,095 |
COMSYS Holdings Corp. | 161,049 | 3,557,346 |
Concordia Financial Group Ltd. | 614,328 | 3,111,249 |
Cosmo Energy Holdings Co. Ltd. | 213,536 | 9,511,890 |
Dai Nippon Printing Co. Ltd. | 326,047 | 9,513,244 |
Daicel Corp. | 365,069 | 3,451,411 |
Daido Steel Co. Ltd. | 317,368 | 3,752,139 |
Daifuku Co. Ltd. | 169,959 | 4,026,689 |
Dai-ichi Life Holdings, Inc. | 844,922 | 19,238,954 |
Daiichi Sankyo Co. Ltd. | 320,344 | 10,646,028 |
Daikin Industries Ltd. | 113,326 | 16,033,127 |
Daito Trust Construction Co. Ltd. | 82,527 | 9,795,498 |
Daiwa House Industry Co. Ltd. | 968,873 | 28,029,800 |
Daiwa Securities Group, Inc. | 994,752 | 7,324,225 |
Daiwabo Holdings Co. Ltd. | 181,876 | 3,186,810 |
Denka Co. Ltd. | 175,744 | 2,883,860 |
Denso Corp. | 1,628,043 | 29,956,774 |
Dentsu Group, Inc. | 157,867 | 4,375,174 |
DIC Corp. | 226,373 | 4,366,532 |
Dowa Holdings Co. Ltd. | 91,304 | 3,189,875 |
East Japan Railway Co. | 327,196 | 19,379,919 |
Ebara Corp. | 77,503 | 6,532,374 |
EDION Corp. | 316,791 | 3,253,209 |
Eisai Co. Ltd. | 120,811 | 5,048,119 |
Electric Power Development Co. Ltd. | 385,358 | 6,338,955 |
ENEOS Holdings, Inc. | 9,988,520 | 43,132,094 |
EXEO Group, Inc. | 159,666 | 3,358,245 |
FANUC Corp. | 397,268 | 11,604,568 |
Fast Retailing Co. Ltd. | 36,067 | 10,424,657 |
Fuji Electric Co. Ltd. | 117,171 | 7,124,047 |
FUJIFILM Holdings Corp. | 272,113 | 17,313,637 |
Fujikura Ltd. | 421,598 | 5,149,203 |
Fujitsu Ltd. | 179,147 | 27,990,597 |
Furukawa Electric Co. Ltd. | 208,760 | 4,134,890 |
GS Yuasa Corp. | 133,151 | 2,504,310 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Hakuhodo DY Holdings, Inc. | 380,844 | 3,540,753 |
Hankyu Hanshin Holdings, Inc. | 141,453 | 4,079,993 |
Hanwa Co. Ltd. | 113,340 | 4,308,843 |
Haseko Corp. | 404,770 | 5,015,340 |
Hino Motors Ltd. * | 1,088,745 | 3,622,603 |
Hitachi Construction Machinery Co. Ltd. | 123,623 | 3,571,496 |
Hitachi Ltd. | 784,222 | 66,360,471 |
Hokkaido Electric Power Co., Inc. | 724,298 | 3,319,760 |
Honda Motor Co. Ltd. | 9,091,056 | 108,239,873 |
Hoya Corp. | 86,571 | 11,270,368 |
Idemitsu Kosan Co. Ltd. | 3,573,074 | 22,631,617 |
IHI Corp. | 189,995 | 4,184,028 |
Iida Group Holdings Co. Ltd. | 302,859 | 3,908,413 |
INFRONEER Holdings, Inc. | 251,332 | 2,578,475 |
Inpex Corp. | 1,013,504 | 13,617,669 |
Isetan Mitsukoshi Holdings Ltd. | 376,252 | 5,314,336 |
Isuzu Motors Ltd. | 759,681 | 10,821,406 |
ITOCHU Corp. | 1,140,951 | 49,672,190 |
Itoham Yonekyu Holdings, Inc. | 97,337 | 2,672,914 |
Iwatani Corp. | 70,515 | 3,507,611 |
J Front Retailing Co. Ltd. | 232,647 | 2,309,061 |
Japan Exchange Group, Inc. | 155,400 | 4,063,844 |
Japan Post Holdings Co. Ltd. | 2,646,062 | 25,573,119 |
Japan Post Insurance Co. Ltd. | 297,306 | 5,486,465 |
Japan Tobacco, Inc. | 888,176 | 23,096,018 |
JFE Holdings, Inc. | 1,198,167 | 19,653,237 |
JGC Holdings Corp. | 239,736 | 2,182,403 |
JSR Corp. | 120,662 | 3,242,484 |
JTEKT Corp. | 617,909 | 5,755,096 |
Kajima Corp. | 649,431 | 12,051,811 |
Kaneka Corp. | 151,245 | 3,636,873 |
Kanematsu Corp. | 181,895 | 2,900,938 |
Kansai Electric Power Co., Inc. | 1,179,133 | 15,130,119 |
Kao Corp. | 384,409 | 14,629,476 |
Kawasaki Heavy Industries Ltd. | 217,659 | 6,010,454 |
Kawasaki Kisen Kaisha Ltd. | 126,805 | 6,060,240 |
KDDI Corp. | 1,515,293 | 46,105,728 |
Kewpie Corp. | 203,156 | 3,787,712 |
Keyence Corp. | 22,654 | 10,601,230 |
Kikkoman Corp. | 76,250 | 4,993,160 |
Kinden Corp. | 215,232 | 3,670,607 |
Kintetsu Group Holdings Co. Ltd. | 110,217 | 3,391,859 |
Kirin Holdings Co. Ltd. | 759,635 | 10,579,670 |
Kobe Steel Ltd. | 775,882 | 10,632,284 |
Koito Manufacturing Co. Ltd. | 302,944 | 3,834,619 |
Komatsu Ltd. | 875,148 | 25,411,861 |
Konica Minolta, Inc. * | 1,544,583 | 5,097,010 |
K's Holdings Corp. | 399,256 | 3,461,179 |
Kubota Corp. | 893,076 | 13,091,526 |
Kuraray Co. Ltd. | 535,115 | 5,409,427 |
Kurita Water Industries Ltd. | 64,684 | 2,631,529 |
Kyocera Corp. | 1,056,830 | 15,566,124 |
Kyushu Electric Power Co., Inc. * | 1,392,707 | 11,384,894 |
Kyushu Railway Co. | 146,305 | 3,365,592 |
Lion Corp. | 260,686 | 2,300,837 |
Lixil Corp. | 540,278 | 6,930,806 |
LY Corp. | 1,357,034 | 3,743,698 |
Makita Corp. | 208,589 | 5,445,027 |
Marubeni Corp. | 1,408,379 | 23,261,261 |
MatsukiyoCocokara & Co. | 223,743 | 3,708,869 |
Mazda Motor Corp. | 1,536,034 | 18,042,011 |
Medipal Holdings Corp. | 401,943 | 6,084,064 |
MEIJI Holdings Co. Ltd. | 374,261 | 8,444,440 |
MINEBEA MITSUMI, Inc. | 394,259 | 8,152,814 |
MISUMI Group, Inc. | 171,752 | 2,623,272 |
Mitsubishi Chemical Group Corp. | 2,638,465 | 15,134,110 |
Mitsubishi Corp. | 3,545,850 | 75,930,041 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Mitsubishi Electric Corp. | 2,595,358 | 41,296,486 |
Mitsubishi Estate Co. Ltd. | 877,702 | 13,490,703 |
Mitsubishi Gas Chemical Co., Inc. | 315,631 | 5,145,585 |
Mitsubishi Heavy Industries Ltd. | 333,304 | 26,333,399 |
Mitsubishi Materials Corp. | 374,955 | 6,559,896 |
Mitsubishi Motors Corp. | 915,192 | 2,823,783 |
Mitsubishi Shokuhin Co. Ltd. | 92,500 | 3,324,982 |
Mitsubishi UFJ Financial Group, Inc. | 6,321,078 | 65,123,955 |
Mitsui & Co. Ltd. | 1,226,065 | 53,680,791 |
Mitsui Chemicals, Inc. | 300,981 | 8,341,479 |
Mitsui Fudosan Co. Ltd. | 686,678 | 18,631,652 |
Mitsui Mining & Smelting Co. Ltd. | 121,063 | 3,568,718 |
Mitsui OSK Lines Ltd. | 286,372 | 9,819,343 |
Mizuho Financial Group, Inc. | 1,663,765 | 31,136,539 |
Morinaga Milk Industry Co. Ltd. | 136,527 | 2,835,077 |
MS&AD Insurance Group Holdings, Inc. | 409,987 | 20,298,013 |
Murata Manufacturing Co. Ltd. | 993,800 | 20,072,542 |
Nagase & Co. Ltd. | 230,421 | 3,836,501 |
Nagoya Railroad Co. Ltd. | 205,020 | 2,929,346 |
NEC Corp. | 331,258 | 22,331,751 |
NGK Insulators Ltd. | 319,079 | 4,165,700 |
NH Foods Ltd. | 235,583 | 8,257,289 |
NHK Spring Co. Ltd. | 339,754 | 3,264,290 |
Nichirei Corp. | 144,295 | 3,622,077 |
NIDEC Corp. | 220,604 | 8,373,430 |
Nikon Corp. | 373,397 | 3,693,554 |
Nintendo Co. Ltd. | 453,757 | 25,466,418 |
Nippon Electric Glass Co. Ltd. | 133,738 | 3,231,086 |
Nippon Light Metal Holdings Co. Ltd. | 230,233 | 2,658,132 |
Nippon Paper Industries Co. Ltd. * | 447,283 | 3,409,834 |
Nippon Steel Corp. | 1,236,593 | 30,693,813 |
Nippon Telegraph & Telephone Corp. | 31,356,353 | 38,192,444 |
Nippon Yusen KK | 516,154 | 16,456,784 |
Nissan Chemical Corp. | 65,210 | 2,724,381 |
Nissan Motor Co. Ltd. | 5,484,803 | 21,577,150 |
Nisshin Seifun Group, Inc. | 322,859 | 4,476,064 |
Nissin Foods Holdings Co. Ltd. | 92,049 | 2,691,912 |
Nissui Corp. | 542,170 | 3,450,733 |
Niterra Co. Ltd. | 210,174 | 6,376,696 |
Nitori Holdings Co. Ltd. | 42,225 | 6,201,012 |
Nitto Denko Corp. | 146,150 | 13,426,622 |
NOK Corp. | 275,519 | 3,903,508 |
Nomura Holdings, Inc. | 2,157,225 | 12,262,758 |
Nomura Real Estate Holdings, Inc. | 110,467 | 2,747,836 |
Nomura Research Institute Ltd. | 157,181 | 4,414,972 |
NSK Ltd. | 945,031 | 5,176,929 |
NTT Data Group Corp. | 531,096 | 8,638,693 |
Obayashi Corp. | 1,213,844 | 11,755,642 |
Oji Holdings Corp. | 2,057,523 | 8,059,903 |
Olympus Corp. | 417,727 | 5,950,384 |
Omron Corp. | 143,564 | 5,325,498 |
Ono Pharmaceutical Co. Ltd. | 217,742 | 3,619,577 |
Oriental Land Co. Ltd. | 74,679 | 2,675,910 |
ORIX Corp. | 833,356 | 17,466,679 |
Osaka Gas Co. Ltd. | 599,965 | 12,001,705 |
Otsuka Corp. | 83,385 | 3,665,887 |
Otsuka Holdings Co. Ltd. | 321,094 | 13,047,997 |
PALTAC Corp. | 85,540 | 2,393,543 |
Pan Pacific International Holdings Corp. | 168,842 | 3,976,535 |
Panasonic Holdings Corp. | 3,560,176 | 33,789,203 |
Penta-Ocean Construction Co. Ltd. | 439,612 | 2,277,805 |
Persol Holdings Co. Ltd. | 1,962,829 | 2,836,640 |
Recruit Holdings Co. Ltd. | 545,535 | 22,029,889 |
Renesas Electronics Corp. | 300,809 | 4,933,091 |
Rengo Co. Ltd. | 471,240 | 3,145,063 |
Resona Holdings, Inc. | 1,227,700 | 6,693,414 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Resonac Holdings Corp. | 345,770 | 8,351,430 |
Ricoh Co. Ltd. | 1,262,080 | 10,498,360 |
Rohm Co. Ltd. | 237,148 | 4,028,521 |
Ryohin Keikaku Co. Ltd. | 257,374 | 4,065,158 |
San-Ai Obbli Co. Ltd. | 235,008 | 3,080,682 |
Sankyu, Inc. | 89,804 | 3,174,671 |
Santen Pharmaceutical Co. Ltd. | 321,968 | 3,197,738 |
Sanwa Holdings Corp. | 210,771 | 3,737,464 |
SBI Holdings, Inc. | 204,580 | 5,501,667 |
Secom Co. Ltd. | 138,646 | 10,115,683 |
Seiko Epson Corp. | 364,222 | 5,891,504 |
Seino Holdings Co. Ltd. | 254,407 | 3,600,147 |
Sekisui Chemical Co. Ltd. | 486,300 | 6,852,453 |
Sekisui House Ltd. | 738,212 | 16,473,763 |
Seven & i Holdings Co. Ltd. (a) | 2,125,338 | 31,666,358 |
SG Holdings Co. Ltd. | 391,217 | 4,908,836 |
Sharp Corp. * | 395,950 | 2,157,394 |
Shikoku Electric Power Co., Inc. | 374,551 | 2,725,236 |
Shimadzu Corp. | 127,939 | 3,490,178 |
Shimamura Co. Ltd. | 64,413 | 3,430,454 |
Shimano, Inc. | 36,134 | 5,036,114 |
Shimizu Corp. | 1,006,966 | 5,845,207 |
Shin-Etsu Chemical Co. Ltd. | 851,846 | 36,351,576 |
Shionogi & Co. Ltd. | 133,766 | 6,688,747 |
Shiseido Co. Ltd. | 177,956 | 4,811,839 |
SMC Corp. | 18,488 | 11,135,787 |
SoftBank Corp. | 2,777,571 | 36,605,591 |
SoftBank Group Corp. | 1,103,158 | 64,787,592 |
Sohgo Security Services Co. Ltd. | 467,080 | 2,591,144 |
Sojitz Corp. | 325,534 | 8,262,869 |
Sompo Holdings, Inc. | 290,840 | 17,065,256 |
Sony Group Corp. | 597,372 | 51,666,871 |
Stanley Electric Co. Ltd. | 203,796 | 3,488,510 |
Subaru Corp. | 1,136,823 | 25,855,185 |
SUMCO Corp. | 268,815 | 4,209,944 |
Sumitomo Chemical Co. Ltd. (a) | 4,009,773 | 8,139,033 |
Sumitomo Corp. | 1,157,072 | 27,111,990 |
Sumitomo Electric Industries Ltd. | 1,618,510 | 24,012,170 |
Sumitomo Forestry Co. Ltd. | 167,457 | 4,787,523 |
Sumitomo Heavy Industries Ltd. | 251,665 | 7,494,293 |
Sumitomo Metal Mining Co. Ltd. | 257,669 | 6,721,051 |
Sumitomo Mitsui Financial Group, Inc. | 828,098 | 46,165,896 |
Sumitomo Mitsui Trust Holdings, Inc. | 457,121 | 9,281,691 |
Sumitomo Realty & Development Co. Ltd. | 295,949 | 8,775,450 |
Sumitomo Rubber Industries Ltd. | 473,610 | 5,518,647 |
Sundrug Co. Ltd. | 93,458 | 2,917,948 |
Suntory Beverage & Food Ltd. | 124,561 | 4,096,273 |
Suzuken Co. Ltd. | 243,458 | 7,251,525 |
Suzuki Motor Corp. | 602,717 | 26,485,399 |
Sysmex Corp. | 65,421 | 3,680,396 |
T&D Holdings, Inc. | 278,996 | 4,852,185 |
Taiheiyo Cement Corp. | 322,441 | 6,771,110 |
Taisei Corp. | 287,537 | 9,042,805 |
Taiyo Yuden Co. Ltd. | 112,503 | 2,457,973 |
Takashimaya Co. Ltd. | 172,878 | 2,603,508 |
Takeda Pharmaceutical Co. Ltd. | 1,125,281 | 32,983,282 |
TDK Corp. | 290,010 | 15,086,643 |
Teijin Ltd. | 569,859 | 4,835,444 |
Terumo Corp. | 231,714 | 9,035,097 |
TIS, Inc. | 145,057 | 3,270,979 |
Tobu Railway Co. Ltd. | 131,041 | 3,350,664 |
Toho Gas Co. Ltd. | 182,204 | 3,655,767 |
Toho Holdings Co. Ltd. | 148,532 | 3,138,950 |
Tohoku Electric Power Co., Inc. | 1,625,931 | 11,026,391 |
Tokio Marine Holdings, Inc. | 1,013,018 | 29,618,272 |
Tokuyama Corp. | 156,848 | 2,544,444 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Tokyo Electric Power Co. Holdings, Inc. * | 5,812,660 | 31,457,571 |
Tokyo Electron Ltd. | 154,279 | 38,005,390 |
Tokyo Gas Co. Ltd. | 604,235 | 13,237,700 |
Tokyu Corp. | 367,893 | 4,580,535 |
Tokyu Fudosan Holdings Corp. | 682,795 | 4,482,624 |
TOPPAN Holdings, Inc. | 385,220 | 9,170,434 |
Toray Industries, Inc. | 2,407,564 | 11,107,256 |
Tosoh Corp. | 577,492 | 7,867,349 |
TOTO Ltd. | 146,482 | 3,962,756 |
Toyo Seikan Group Holdings Ltd. | 282,369 | 4,750,485 |
Toyo Suisan Kaisha Ltd. | 68,586 | 3,989,508 |
Toyoda Gosei Co. Ltd. | 158,805 | 3,269,047 |
Toyota Industries Corp. | 147,690 | 14,693,019 |
Toyota Motor Corp. | 10,452,437 | 252,878,161 |
Toyota Tsusho Corp. | 323,358 | 20,900,416 |
TS Tech Co. Ltd. | 187,874 | 2,431,429 |
Tsuruha Holdings, Inc. | 53,326 | 4,026,083 |
UBE Corp. | 257,123 | 4,312,870 |
Unicharm Corp. | 121,215 | 4,029,972 |
West Japan Railway Co. | 188,843 | 7,861,834 |
Yakult Honsha Co. Ltd. | 131,770 | 2,841,943 |
Yamada Holdings Co. Ltd. | 2,042,174 | 5,878,055 |
Yamaha Corp. | 117,412 | 2,566,010 |
Yamaha Motor Co. Ltd. | 1,240,818 | 11,104,936 |
Yamato Holdings Co. Ltd. | 545,256 | 8,287,949 |
Yamazaki Baking Co. Ltd. | 198,777 | 4,681,559 |
Yaskawa Electric Corp. | 93,698 | 3,830,681 |
Yokogawa Electric Corp. | 165,586 | 3,500,462 |
Yokohama Rubber Co. Ltd. | 208,629 | 5,546,434 |
3,467,802,004 | ||
Netherlands 2.7% | ||
Aalberts NV | 68,418 | 3,072,600 |
ABN AMRO Bank NV, GDR | 434,525 | 6,982,788 |
Aegon Ltd. | 1,901,532 | 11,412,246 |
Akzo Nobel NV | 232,414 | 16,936,474 |
Aperam SA | 84,143 | 2,571,404 |
ArcelorMittal SA | 1,172,765 | 30,610,887 |
ASML Holding NV | 51,344 | 48,366,658 |
ASR Nederland NV | 136,672 | 6,304,962 |
DSM-Firmenich AG | 102,133 | 10,941,803 |
EXOR NV | 219,284 | 23,682,366 |
Heineken Holding NV | 83,014 | 6,414,121 |
Heineken NV | 107,261 | 9,914,915 |
ING Groep NV, Series N | 2,519,437 | 34,598,139 |
Koninklijke Ahold Delhaize NV | 1,470,619 | 43,796,178 |
Koninklijke KPN NV | 2,490,668 | 9,118,123 |
Koninklijke Philips NV | 991,964 | 19,861,050 |
NN Group NV | 403,344 | 18,009,118 |
Prosus NV | 137,551 | 4,017,485 |
Randstad NV | 190,470 | 10,499,609 |
SBM Offshore NV | 201,749 | 2,868,761 |
Signify NV | 162,563 | 4,359,238 |
Wolters Kluwer NV | 55,040 | 8,687,053 |
333,025,978 | ||
New Zealand 0.1% | ||
Fletcher Building Ltd. | 1,171,781 | 2,927,022 |
Spark New Zealand Ltd. | 1,164,109 | 3,595,814 |
6,522,836 | ||
Norway 0.6% | ||
Aker BP ASA | 130,437 | 3,171,320 |
DNB Bank ASA | 640,657 | 12,832,180 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Equinor ASA | 836,197 | 20,642,116 |
Mowi ASA | 314,308 | 6,076,063 |
Norsk Hydro ASA | 1,421,228 | 7,313,138 |
Orkla ASA | 602,439 | 4,323,090 |
Subsea 7 SA | 257,261 | 3,760,888 |
Telenor ASA | 920,678 | 10,093,429 |
Yara International ASA | 208,337 | 6,486,422 |
74,698,646 | ||
Poland 0.2% | ||
KGHM Polska Miedz SA | 149,860 | 4,050,981 |
ORLEN SA | 699,375 | 10,869,696 |
PGE Polska Grupa Energetyczna SA * | 1,435,868 | 2,870,368 |
Powszechna Kasa Oszczednosci Bank Polski SA | 389,067 | 5,420,538 |
Powszechny Zaklad Ubezpieczen SA | 539,134 | 6,639,302 |
29,850,885 | ||
Portugal 0.2% | ||
EDP - Energias de Portugal SA | 2,454,220 | 9,770,817 |
Galp Energia SGPS SA | 559,009 | 8,813,856 |
Jeronimo Martins SGPS SA | 159,551 | 3,819,199 |
22,403,872 | ||
Republic of Korea 6.5% | ||
Amorepacific Corp. | 28,966 | 2,601,632 |
BNK Financial Group, Inc. | 694,620 | 3,912,323 |
CJ CheilJedang Corp. | 19,283 | 4,337,082 |
CJ Corp. * | 73,620 | 5,357,298 |
Coway Co. Ltd. | 68,085 | 2,771,258 |
DB Insurance Co. Ltd. * | 76,985 | 5,712,014 |
DL E&C Co. Ltd. | 164,965 | 4,583,738 |
Doosan Enerbility Co. Ltd. * | 225,778 | 2,753,556 |
E-MART, Inc. * | 86,259 | 4,793,606 |
GS Engineering & Construction Corp. * | 254,057 | 3,043,113 |
GS Holdings Corp. | 206,524 | 7,452,297 |
Hana Financial Group, Inc. | 413,758 | 17,586,890 |
Hankook Tire & Technology Co. Ltd. | 141,387 | 5,754,863 |
Hanwha Corp. | 217,394 | 4,799,777 |
Hanwha Galleria Corp. * | 74,854 | 81,622 |
Hanwha Solutions Corp. | 108,248 | 2,255,844 |
HD Hyundai Co. Ltd. | 120,687 | 6,407,758 |
HD Korea Shipbuilding & Offshore Engineering Co. Ltd. | 43,120 | 3,623,557 |
HMM Co. Ltd. * | 290,321 | 3,983,302 |
Hyundai Engineering & Construction Co. Ltd. * | 164,249 | 4,280,144 |
Hyundai Glovis Co. Ltd. * | 34,940 | 4,998,551 |
Hyundai Marine & Fire Insurance Co. Ltd. * | 141,297 | 3,342,487 |
Hyundai Mobis Co. Ltd. | 112,957 | 20,570,796 |
Hyundai Motor Co. | 196,602 | 36,984,681 |
Hyundai Steel Co. * | 291,708 | 7,875,415 |
Industrial Bank of Korea * | 409,507 | 4,305,420 |
KB Financial Group, Inc. | 459,129 | 21,894,481 |
Kia Corp. * | 366,089 | 34,228,057 |
Korea Electric Power Corp. | 1,153,314 | 21,479,564 |
Korea Gas Corp. * | 129,927 | 2,829,591 |
Korea Zinc Co. Ltd. | 9,916 | 3,332,390 |
Korean Air Lines Co. Ltd. | 181,853 | 3,141,048 |
KT&G Corp. | 98,017 | 6,845,585 |
Kumho Petrochemical Co. Ltd. * | 33,515 | 3,722,491 |
LG Chem Ltd. | 30,693 | 10,441,521 |
LG Corp. | 53,413 | 3,758,484 |
LG Display Co. Ltd. | 591,344 | 5,053,691 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
LG Electronics, Inc. | 230,612 | 16,435,175 |
LG H&H Co. Ltd. | 12,594 | 3,017,037 |
LG Innotek Co. Ltd. | 15,193 | 2,304,736 |
LG Uplus Corp. | 722,509 | 5,599,499 |
Lotte Chemical Corp. | 49,405 | 4,541,283 |
Lotte Shopping Co. Ltd. | 48,659 | 2,835,640 |
NAVER Corp. | 29,998 | 4,392,918 |
POSCO Holdings, Inc. | 140,003 | 45,367,448 |
Posco International Corp. * | 90,031 | 3,792,985 |
Samsung C&T Corp. | 103,178 | 12,141,779 |
Samsung Electro-Mechanics Co. Ltd. | 53,132 | 5,586,122 |
Samsung Electronics Co. Ltd. | 4,519,072 | 249,098,742 |
Samsung Fire & Marine Insurance Co. Ltd. * | 43,685 | 9,776,307 |
Samsung Life Insurance Co. Ltd. | 100,601 | 7,320,694 |
Samsung SDI Co. Ltd. | 14,814 | 4,194,111 |
Samsung SDS Co. Ltd. | 42,122 | 5,061,219 |
Shinhan Financial Group Co. Ltd. | 615,601 | 20,133,241 |
SK Hynix, Inc. | 531,321 | 62,325,278 |
SK Innovation Co. Ltd. * | 92,336 | 8,119,965 |
SK, Inc. | 131,494 | 18,940,034 |
S-Oil Corp. | 59,225 | 3,398,010 |
Woori Financial Group, Inc. | 938,587 | 10,502,363 |
795,780,513 | ||
Singapore 0.6% | ||
ComfortDelGro Corp. Ltd. | 3,318,821 | 3,332,150 |
DBS Group Holdings Ltd. | 737,475 | 18,280,560 |
Jardine Cycle & Carriage Ltd. | 112,596 | 2,131,168 |
Keppel Ltd. | 878,442 | 4,729,972 |
Oversea-Chinese Banking Corp. Ltd. | 1,570,236 | 15,158,161 |
Singapore Airlines Ltd. | 622,402 | 2,994,899 |
Singapore Telecommunications Ltd. | 5,412,106 | 9,458,909 |
United Overseas Bank Ltd. | 580,766 | 12,072,296 |
Venture Corp. Ltd. | 264,602 | 2,755,041 |
Wilmar International Ltd. | 3,065,872 | 7,570,054 |
78,483,210 | ||
Spain 2.8% | ||
Acciona SA | 14,836 | 1,660,867 |
Acerinox SA | 282,326 | 3,096,437 |
ACS Actividades de Construccion y Servicios SA | 263,105 | 10,802,245 |
Aena SME SA | 23,353 | 4,426,296 |
Amadeus IT Group SA | 91,172 | 5,365,229 |
Banco Bilbao Vizcaya Argentaria SA | 5,373,677 | 53,417,752 |
Banco de Sabadell SA | 5,636,464 | 7,301,103 |
Banco Santander SA | 20,551,489 | 85,523,156 |
CaixaBank SA | 912,735 | 4,118,778 |
Enagas SA | 171,362 | 2,474,690 |
Endesa SA | 293,082 | 5,277,522 |
Ferrovial SE | 114,251 | 4,284,014 |
Grifols SA * | 249,635 | 2,048,762 |
Iberdrola SA | 3,782,896 | 43,474,693 |
Industria de Diseno Textil SA | 401,766 | 17,829,968 |
Mapfre SA | 1,395,157 | 2,957,639 |
Naturgy Energy Group SA (a) | 111,169 | 2,632,198 |
Redeia Corp. SA | 242,834 | 3,862,909 |
Repsol SA | 1,819,682 | 28,996,021 |
Telefonica SA | 12,502,700 | 51,318,537 |
340,868,816 | ||
Sweden 2.2% | ||
Alfa Laval AB | 113,107 | 4,259,774 |
Assa Abloy AB, B Shares | 362,422 | 10,346,458 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Atlas Copco AB, A Shares | 672,497 | 11,682,234 |
Atlas Copco AB, B Shares | 396,571 | 5,934,701 |
Boliden AB | 279,923 | 7,097,188 |
Electrolux AB, B Shares * | 336,108 | 2,877,923 |
Epiroc AB, A Shares | 180,215 | 3,269,923 |
Epiroc AB, B Shares | 115,612 | 1,908,347 |
Essity AB, B Shares | 385,695 | 9,009,223 |
H & M Hennes & Mauritz AB, B Shares | 577,045 | 7,833,016 |
Hexagon AB, B Shares | 492,136 | 5,771,538 |
Husqvarna AB, B Shares | 348,686 | 2,691,104 |
Industrivarden AB, A Shares | 60,856 | 2,077,848 |
Industrivarden AB, C Shares | 56,378 | 1,919,504 |
Investor AB, A Shares | 267,343 | 6,634,841 |
Investor AB, B Shares | 954,834 | 24,028,990 |
Sandvik AB | 550,390 | 12,388,157 |
Securitas AB, B Shares | 636,987 | 6,854,684 |
Skandinaviska Enskilda Banken AB, A Shares | 727,047 | 10,806,511 |
Skanska AB, B Shares | 513,795 | 9,483,964 |
SKF AB, B Shares | 376,328 | 8,212,155 |
SSAB AB, A Shares | 326,085 | 2,552,598 |
SSAB AB, B Shares | 801,302 | 6,278,800 |
Svenska Cellulosa AB SCA, B Shares | 245,329 | 3,476,943 |
Svenska Handelsbanken AB, A Shares | 927,031 | 11,091,277 |
Swedbank AB, A Shares | 643,703 | 14,146,293 |
Tele2 AB, B Shares | 627,449 | 5,270,658 |
Telefonaktiebolaget LM Ericsson, B Shares | 2,529,750 | 13,747,140 |
Telia Co. AB | 4,532,701 | 10,806,695 |
Trelleborg AB, B Shares | 128,263 | 4,661,991 |
Volvo AB, A Shares | 189,236 | 5,281,626 |
Volvo AB, B Shares | 1,267,144 | 34,913,216 |
Volvo Car AB, B Shares * | 695,064 | 2,536,433 |
269,851,753 | ||
Switzerland 4.9% | ||
ABB Ltd. | 564,210 | 26,091,228 |
Adecco Group AG | 295,692 | 11,897,527 |
Alcon, Inc. | 97,107 | 8,290,846 |
Baloise Holding AG | 23,078 | 3,737,349 |
Barry Callebaut AG | 1,887 | 2,661,580 |
Chocoladefabriken Lindt & Spruengli AG | 18 | 2,170,916 |
Chocoladefabriken Lindt & Spruengli AG, Participation Certificates | 228 | 2,801,613 |
Cie Financiere Richemont SA, Class A | 127,932 | 20,427,278 |
DKSH Holding AG | 41,378 | 3,052,071 |
Galenica AG | 29,488 | 2,543,426 |
Geberit AG | 10,503 | 6,121,333 |
Georg Fischer AG | 43,670 | 3,248,407 |
Givaudan SA | 1,999 | 8,415,528 |
Helvetia Holding AG | 17,554 | 2,489,915 |
Holcim AG | 403,486 | 33,037,693 |
Julius Baer Group Ltd. | 75,934 | 4,077,178 |
Kuehne & Nagel International AG | 18,367 | 6,207,506 |
Logitech International SA | 56,711 | 5,022,229 |
Lonza Group AG | 12,663 | 6,643,923 |
Nestle SA | 942,854 | 98,252,550 |
Novartis AG | 681,548 | 69,265,494 |
Partners Group Holding AG | 4,550 | 6,557,209 |
Roche Holding AG | 356,956 | 94,027,533 |
Roche Holding AG, Bearer Shares | 14,895 | 4,151,079 |
Sandoz Group AG * | 134,541 | 4,195,668 |
Schindler Holding AG | 8,776 | 2,240,469 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Schindler Holding AG, Participation Certificates | 16,040 | 4,242,480 |
SGS SA | 55,749 | 5,368,821 |
Sika AG | 24,619 | 7,143,438 |
Sonova Holding AG | 14,415 | 4,457,674 |
Swatch Group AG | 33,976 | 1,560,762 |
Swatch Group AG, Bearer Shares | 20,170 | 4,778,220 |
Swiss Life Holding AG | 15,090 | 10,995,110 |
Swiss Prime Site AG | 32,424 | 3,111,496 |
Swiss Re AG | 147,158 | 17,815,051 |
Swisscom AG | 16,144 | 9,266,001 |
UBS Group AG | 1,724,368 | 49,368,369 |
Zurich Insurance Group AG | 71,704 | 38,272,534 |
594,007,504 | ||
United Kingdom 14.0% | ||
3i Group PLC | 290,206 | 9,059,932 |
abrdn PLC | 2,874,662 | 5,723,543 |
Admiral Group PLC | 129,040 | 4,351,690 |
Anglo American PLC | 1,391,019 | 29,930,280 |
Antofagasta PLC | 206,193 | 4,740,474 |
Ashtead Group PLC | 159,793 | 11,480,994 |
Associated British Foods PLC | 307,410 | 8,838,750 |
AstraZeneca PLC | 282,495 | 35,673,460 |
Aviva PLC | 3,097,758 | 17,488,307 |
B&M European Value Retail SA | 616,405 | 4,099,776 |
BAE Systems PLC | 1,361,169 | 21,384,891 |
Balfour Beatty PLC | 701,591 | 3,012,099 |
Barclays PLC | 16,721,324 | 34,785,989 |
Barratt Developments PLC | 1,411,510 | 8,329,310 |
Bellway PLC | 188,826 | 6,444,321 |
Berkeley Group Holdings PLC | 97,100 | 5,702,842 |
BP PLC | 20,410,374 | 118,944,011 |
British American Tobacco PLC | 2,131,383 | 63,223,386 |
BT Group PLC | 14,575,958 | 19,258,345 |
Bunzl PLC | 173,789 | 6,931,379 |
Burberry Group PLC | 205,947 | 3,347,588 |
Centrica PLC | 5,240,163 | 8,342,024 |
Coca-Cola HBC AG | 125,438 | 3,911,285 |
Compass Group PLC | 730,520 | 20,052,349 |
CRH PLC | 479,076 | 39,838,916 |
Croda International PLC | 39,855 | 2,402,759 |
Currys PLC * | 7,733,643 | 6,456,564 |
DCC PLC | 145,198 | 10,314,808 |
Diageo PLC | 579,801 | 21,723,881 |
Direct Line Insurance Group PLC * | 2,542,946 | 6,497,734 |
Dowlais Group PLC | 860,117 | 987,473 |
DS Smith PLC | 1,491,843 | 6,078,372 |
Entain PLC | 266,084 | 3,073,003 |
Experian PLC | 206,034 | 8,822,080 |
Ferguson PLC | 92,495 | 19,287,707 |
Firstgroup PLC | 2,030,414 | 4,063,165 |
Flutter Entertainment PLC * | 21,663 | 4,687,217 |
Glencore PLC | 16,870,606 | 80,058,793 |
GSK PLC | 2,469,964 | 52,008,451 |
Haleon PLC | 2,942,814 | 12,338,269 |
Hays PLC | 2,701,494 | 3,215,637 |
HSBC Holdings PLC | 10,882,121 | 84,588,017 |
IMI PLC | 130,163 | 2,853,379 |
Imperial Brands PLC | 1,009,823 | 21,772,869 |
Inchcape PLC | 449,357 | 3,876,585 |
Informa PLC | 418,209 | 4,286,068 |
International Distributions Services PLC * | 2,737,179 | 8,385,920 |
Intertek Group PLC | 74,989 | 4,384,306 |
ITV PLC | 4,124,009 | 2,918,203 |
J Sainsbury PLC | 3,842,706 | 12,132,635 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
John Wood Group PLC * | 2,405,675 | 4,485,469 |
Johnson Matthey PLC | 384,394 | 7,495,378 |
Kingfisher PLC | 4,275,872 | 12,683,554 |
Land Securities Group PLC | 315,865 | 2,475,633 |
Legal & General Group PLC | 4,646,363 | 14,229,228 |
Lloyds Banking Group PLC | 64,888,563 | 38,225,027 |
London Stock Exchange Group PLC | 37,442 | 4,203,874 |
M&G PLC | 4,333,563 | 12,317,472 |
Man Group PLC | 922,248 | 2,840,665 |
Marks & Spencer Group PLC | 3,029,523 | 9,074,639 |
Melrose Industries PLC | 726,764 | 5,837,683 |
Mondi PLC | 535,353 | 9,538,289 |
National Grid PLC | 2,369,240 | 31,093,568 |
NatWest Group PLC | 3,483,448 | 10,535,674 |
Next PLC | 54,439 | 5,725,238 |
Pearson PLC | 553,759 | 6,728,787 |
Persimmon PLC | 673,450 | 11,615,393 |
Phoenix Group Holdings PLC | 473,507 | 2,978,642 |
Prudential PLC | 1,039,381 | 10,223,614 |
Reckitt Benckiser Group PLC | 216,924 | 13,714,414 |
RELX PLC | 439,623 | 19,246,661 |
Rentokil Initial PLC | 497,691 | 2,759,336 |
Rio Tinto PLC | 1,129,811 | 72,586,761 |
Sage Group PLC | 320,833 | 5,050,651 |
Severn Trent PLC | 127,265 | 4,024,597 |
Shell PLC | 8,727,462 | 271,247,989 |
Smith & Nephew PLC | 455,060 | 5,989,411 |
Smiths Group PLC | 194,934 | 3,965,035 |
Smurfit Kappa Group PLC | 235,982 | 10,083,514 |
Spectris PLC | 61,505 | 2,726,917 |
SSE PLC | 846,338 | 17,402,202 |
St. James's Place PLC | 260,838 | 1,659,634 |
Standard Chartered PLC | 1,416,922 | 11,965,633 |
Tate & Lyle PLC | 335,495 | 2,548,429 |
Taylor Wimpey PLC | 5,339,932 | 9,311,420 |
Tesco PLC | 11,595,114 | 40,892,268 |
Travis Perkins PLC | 445,106 | 4,150,708 |
Unilever PLC | 1,221,721 | 59,753,515 |
United Utilities Group PLC | 381,678 | 4,948,737 |
Vodafone Group PLC | 66,955,282 | 58,541,248 |
Whitbread PLC | 69,844 | 2,918,173 |
WPP PLC | 911,937 | 8,157,940 |
1,718,062,856 | ||
Total Common Stocks (Cost $9,914,248,152) | 12,042,922,941 | |
PREFERRED STOCKS 1.2% OF NET ASSETS | ||
Germany 0.7% | ||
Bayerische Motoren Werke AG | 76,484 | 8,384,316 |
FUCHS SE | 75,627 | 3,222,851 |
Henkel AG & Co. KGaA | 134,096 | 10,093,993 |
Volkswagen AG | 476,867 | 64,680,679 |
86,381,839 | ||
Italy 0.1% | ||
Telecom Italia SpA - RSP * | 22,415,512 | 6,988,428 |
Republic of Korea 0.4% | ||
Hyundai Motor Co. | 32,816 | 3,930,724 |
Hyundai Motor Co. 2nd | 49,782 | 6,007,786 |
LG Chem Ltd. | 4,510 | 1,016,071 |
LG H&H Co. Ltd. | 1,609 | 186,081 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Samsung Electronics Co. Ltd. | 858,873 | 41,021,570 |
52,162,232 | ||
Spain 0.0% | ||
Grifols SA, B Shares * | 209,303 | 1,163,064 |
Total Preferred Stocks (Cost $134,755,084) | 146,695,563 | |
RIGHTS 0.0% OF NET ASSETS | ||
Republic of Korea 0.0% | ||
LG Display Co. Ltd. | ||
expires 03/07/24, strike KRW 9,090.00 *(b) | 297,770 | 292,940 |
Total Rights (Cost $0) | 292,940 | |
WARRANTS 0.0% OF NET ASSETS | ||
Canada 0.0% | ||
Constellation Software, Inc. | ||
expires 03/31/40 *(b) | 1,396 | 7,143 |
Total Warrants (Cost $0) | 7,143 |
SHORT-TERM INVESTMENTS 0.4% OF NET ASSETS | ||
Money Market Funds 0.4% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (c) | 15,667,201 | 15,667,201 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (c)(d) | 38,950,279 | 38,950,279 |
54,617,480 | ||
Total Short-Term Investments (Cost $54,617,480) | 54,617,480 | |
Total Investments in Securities (Cost $10,103,620,716) | 12,244,536,067 |
NUMBER OF CONTRACTS | NOTIONAL AMOUNT ($) | CURRENT VALUE/ UNREALIZED APPRECIATION ($) | |
FUTURES CONTRACTS | |||
Long | |||
MSCI EAFE Index, expires 03/15/24 | 499 | 57,083,105 | 1,710,897 |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $36,927,975. |
(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) |
KRW — | South Korean Won |
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 | $12,042,922,941 | $— | $— | $12,042,922,941 |
Preferred Stocks1 | 146,695,563 | — | — | 146,695,563 |
Rights | ||||
Republic of Korea | — | — | 292,940 | 292,940 |
Warrants | ||||
Canada | — | — | 7,143 | 7,143 |
Short-Term Investments1 | 54,617,480 | — | — | 54,617,480 |
Futures Contracts2 | 1,710,897 | — | — | 1,710,897 |
Total | $12,245,946,881 | $— | $300,083 | $12,246,246,964 |
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 $10,103,620,716) including securities on loan of $36,927,975 | $12,244,536,067 | |
Foreign currency, at value (cost $11,245,170) | 11,243,369 | |
Deposit with broker for futures contracts | 2,708,510 | |
Receivables: | ||
Dividends | 25,645,162 | |
Foreign tax reclaims | 8,492,689 | |
Variation margin on future contracts | 122,255 | |
Income from securities on loan | + | 67,680 |
Total assets | 12,292,815,732 | |
Liabilities | ||
Collateral held for securities on loan | 38,950,279 | |
Payables: | ||
Management fees | 2,369,003 | |
Due to custodian | + | 1,788 |
Total liabilities | 41,321,070 | |
Net assets | $12,251,494,662 | |
Net Assets by Source | ||
Capital received from investors | $10,687,627,023 | |
Total distributable earnings | + | 1,563,867,639 |
Net assets | $12,251,494,662 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$12,251,494,662 | 359,200,000 | $34.11 | ||
For the period March 1, 2023 through February 29, 2024 | ||
Investment Income | ||
Dividends received from securities - unaffiliated (net of foreign withholding tax of $35,217,308) | $376,956,872 | |
Interest received from securities - unaffiliated | 169,215 | |
Securities on loan, net | + | 1,541,577 |
Total investment income | 378,667,664 | |
Expenses | ||
Management fees | 26,617,863 | |
Professional fees | + | 41,495 1 |
Total expenses | 26,659,358 | |
Expense reduction | – | 41,495 1 |
Net expenses | – | 26,617,863 |
Net investment income | 352,049,801 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (70,096,649 ) | |
Net realized gains on sales of in-kind redemptions - unaffiliated | 5,390,870 | |
Net realized gains on futures contracts | 3,457,955 | |
Net realized losses on foreign currency transactions | + | (984,150 ) |
Net realized losses | (62,231,974 ) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | 1,151,517,392 | |
Net change in unrealized appreciation (depreciation) on futures contracts | 2,370,400 | |
Net change in unrealized appreciation (depreciation) on foreign currency translations | + | 470,394 |
Net change in unrealized appreciation (depreciation) | + | 1,154,358,186 |
Net realized and unrealized gains | 1,092,126,212 | |
Increase in net assets resulting from operations | $1,444,176,013 |
1 | Professional fees associated with the filing of foreign withholding tax claims in the European Union are deemed to be non-contingent and non-routine expenses of the fund (see financial notes 2(d) and 4 for additional information). |
OPERATIONS | |||
3/1/23-2/29/24 | 3/1/22-2/28/23 | ||
Net investment income | $352,049,801 | $272,176,986 | |
Net realized losses | (62,231,974 ) | (182,975,945 ) | |
Net change in unrealized appreciation (depreciation) | + | 1,154,358,186 | (1,522,113 ) |
Increase in net assets resulting from operations | $1,444,176,013 | $87,678,928 | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($385,557,540 ) | ($247,435,740 ) |
TRANSACTIONS IN FUND SHARES | |||||
3/1/23-2/29/24 | 3/1/22-2/28/23 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 58,100,000 | $1,865,833,766 | 73,900,000 | $2,154,871,070 | |
Shares redeemed | + | (500,000 ) | (15,553,850 ) | (1,200,000 ) | (34,098,323 ) |
Net transactions in fund shares | 57,600,000 | $1,850,279,916 | 72,700,000 | $2,120,772,747 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
3/1/23-2/29/24 | 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 | + | 57,600,000 | 2,908,898,389 | 72,700,000 | 1,961,015,935 |
End of period | 359,200,000 | $12,251,494,662 | 301,600,000 | $9,342,596,273 |
3/1/23– 2/29/24 | 3/1/22– 2/28/23 | 3/1/21– 2/28/22 | 3/1/20– 2/28/21 | 3/1/19– 2/29/20 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $32.72 | $35.86 | $36.11 | $28.53 | $31.23 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.85 | 0.80 | 0.73 | 0.53 | 0.80 | |
Net realized and unrealized gains (losses) | 1.80 | (3.32 ) | (0.01 ) | 7.66 | (2.60 ) | |
Total from investment operations | 2.65 | (2.52 ) | 0.72 | 8.19 | (1.80 ) | |
Less distributions: | ||||||
Distributions from net investment income | (1.00 ) | (0.62 ) | (0.97 ) | (0.61 ) | (0.90 ) | |
Net asset value at end of period | $34.37 | $32.72 | $35.86 | $36.11 | $28.53 | |
Total return | 8.23 % | (6.91 %) | 1.86 % | 28.97 % | (6.06 %) | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.39 % | 0.39 %2 | 0.39 % | 0.39 % | 0.39 % | |
Net investment income (loss) | 2.56 % | 2.53 % | 1.90 % | 1.78 % | 2.54 % | |
Portfolio turnover rate3 | 22 % | 30 % | 28 % | 24 % | 31 % | |
Net assets, end of period (x 1,000,000) | $3,206 | $2,850 | $2,686 | $2,293 | $1,900 |
1 | Calculated based on the average shares outstanding during the period. |
2 | Ratio includes less than 0.005% of non-routine proxy expenses. |
3 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY | NUMBER OF SHARES | VALUE ($) |
COMMON STOCKS 99.3% OF NET ASSETS | ||
Australia 5.5% | ||
Adbri Ltd. * | 1,299,607 | 2,648,729 |
ALS Ltd. | 311,574 | 2,420,376 |
Ansell Ltd. | 217,768 | 3,379,086 |
Appen Ltd. *(a) | 608,754 | 223,960 |
ARB Corp. Ltd. | 39,977 | 1,078,726 |
ASX Ltd. | 70,269 | 3,009,351 |
Austal Ltd. | 1,079,104 | 1,440,450 |
Bank of Queensland Ltd. | 809,161 | 3,092,817 |
Bapcor Ltd. | 423,300 | 1,640,010 |
Beach Energy Ltd. | 2,806,201 | 2,923,613 |
Bega Cheese Ltd. | 653,268 | 1,790,831 |
Bendigo & Adelaide Bank Ltd. | 682,179 | 4,299,865 |
Boral Ltd. * | 626,925 | 2,445,252 |
Breville Group Ltd. | 82,819 | 1,473,841 |
CAR Group Ltd. | 82,621 | 1,977,639 |
Challenger Ltd. | 510,566 | 2,237,423 |
Champion Iron Ltd. | 375,326 | 1,889,162 |
Charter Hall Group | 200,262 | 1,632,616 |
Charter Hall Retail REIT | 293,372 | 674,333 |
Cleanaway Waste Management Ltd. | 1,684,034 | 2,938,778 |
Cochlear Ltd. | 16,181 | 3,689,483 |
Collins Foods Ltd. | 138,225 | 990,058 |
Coronado Global Resources, Inc. | 1,501,276 | 1,329,476 |
Credit Corp. Group Ltd. | 59,731 | 746,373 |
Cromwell Property Group | 1,917,273 | 499,373 |
CSR Ltd. | 831,929 | 4,783,306 |
Dexus | 678,297 | 3,250,715 |
Domino's Pizza Enterprises Ltd. | 35,508 | 1,041,603 |
Eagers Automotive Ltd. | 316,445 | 3,051,648 |
Elders Ltd. | 311,460 | 1,845,546 |
Evolution Mining Ltd. | 1,915,384 | 3,679,248 |
EVT Ltd. | 112,823 | 849,987 |
FleetPartners Group Ltd. * | 786,804 | 1,788,023 |
Flight Centre Travel Group Ltd. | 87,810 | 1,224,170 |
G8 Education Ltd. | 1,514,581 | 1,247,568 |
GPT Group | 1,050,822 | 2,976,457 |
GrainCorp Ltd., Class A | 543,511 | 2,753,399 |
GUD Holdings Ltd. | 113,864 | 867,468 |
Harvey Norman Holdings Ltd. | 1,133,913 | 3,654,821 |
Healius Ltd. * | 1,002,355 | 724,479 |
Helia Group Ltd. | 546,456 | 1,469,557 |
IGO Ltd. | 191,918 | 992,241 |
Iluka Resources Ltd. | 264,977 | 1,181,898 |
Inghams Group Ltd. | 330,761 | 783,965 |
Insignia Financial Ltd. | 948,121 | 1,463,165 |
IRESS Ltd. * | 225,185 | 1,151,040 |
Link Administration Holdings Ltd. | 870,814 | 1,247,468 |
Lottery Corp. Ltd. | 672,441 | 2,224,329 |
Lynas Rare Earths Ltd. * | 126,698 | 481,797 |
Magellan Financial Group Ltd. | 301,201 | 1,590,591 |
McMillan Shakespeare Ltd. | 93,938 | 1,339,574 |
Monadelphous Group Ltd. | 156,663 | 1,441,417 |
National Storage REIT | 396,577 | 583,602 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
nib holdings Ltd. | 443,914 | 2,115,880 |
Nine Entertainment Co. Holdings Ltd. | 1,365,805 | 1,529,672 |
Northern Star Resources Ltd. | 433,000 | 3,637,130 |
NRW Holdings Ltd. | 1,129,789 | 2,192,274 |
Nufarm Ltd. | 719,189 | 2,697,408 |
oOh!media Ltd. | 867,560 | 1,042,262 |
Orora Ltd. | 1,887,031 | 3,293,025 |
Perenti Ltd. * | 2,448,549 | 1,450,880 |
Perpetual Ltd. | 92,118 | 1,440,783 |
Perseus Mining Ltd. | 699,868 | 799,787 |
Platinum Asset Management Ltd. | 1,167,040 | 782,716 |
Premier Investments Ltd. | 70,435 | 1,384,627 |
Qantas Airways Ltd. * | 823,952 | 2,752,330 |
Qube Holdings Ltd. | 1,262,918 | 2,672,635 |
Ramelius Resources Ltd. | 1,128,152 | 1,061,492 |
REA Group Ltd. | 9,378 | 1,185,330 |
Reece Ltd. | 120,562 | 2,109,402 |
Region RE Ltd. | 649,800 | 935,089 |
Regis Resources Ltd. * | 1,517,820 | 1,793,817 |
Reliance Worldwide Corp. Ltd. | 683,386 | 2,438,528 |
Sandfire Resources Ltd. * | 445,203 | 2,200,296 |
SEEK Ltd. | 144,596 | 2,469,652 |
Service Stream Ltd. | 1,658,345 | 1,214,811 |
Seven Group Holdings Ltd. | 97,242 | 2,438,420 |
Sigma Healthcare Ltd. | 3,888,769 | 2,899,338 |
Silver Lake Resources Ltd. * | 1,184,381 | 832,907 |
Southern Cross Media Group Ltd. | 1,338,766 | 801,999 |
St Barbara Ltd. * | 7,215,594 | 704,765 |
Star Entertainment Group Ltd. * | 5,392,774 | 1,825,983 |
Steadfast Group Ltd. | 290,454 | 1,095,058 |
Super Retail Group Ltd. | 269,106 | 2,857,976 |
Tabcorp Holdings Ltd. | 1,451,036 | 708,632 |
TPG Telecom Ltd. | 428,182 | 1,307,623 |
Vicinity Ltd. | 3,244,293 | 4,098,293 |
Viva Energy Group Ltd. | 2,030,915 | 4,853,321 |
Washington H Soul Pattinson & Co. Ltd. | 91,569 | 2,059,453 |
Waypoint REIT Ltd. | 414,791 | 634,714 |
Westgold Resources Ltd. * | 648,478 | 827,623 |
Whitehaven Coal Ltd. | 718,247 | 3,236,392 |
Yancoal Australia Ltd. (a) | 281,494 | 1,090,604 |
175,633,630 | ||
Austria 0.6% | ||
ANDRITZ AG | 76,567 | 4,813,992 |
AT&S Austria Technologie & Systemtechnik AG (a) | 37,988 | 772,022 |
CA Immobilien Anlagen AG | 24,194 | 777,592 |
EVN AG | 46,305 | 1,202,615 |
Lenzing AG *(a) | 33,210 | 1,040,411 |
Mayr Melnhof Karton AG | 13,779 | 1,759,492 |
Oesterreichische Post AG (a) | 45,796 | 1,484,267 |
Strabag SE | 53,290 | 2,514,316 |
UNIQA Insurance Group AG | 160,803 | 1,407,765 |
Verbund AG | 23,426 | 1,698,481 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Vienna Insurance Group AG Wiener Versicherung Gruppe | 57,445 | 1,669,107 |
19,140,060 | ||
Belgium 1.0% | ||
Ackermans & van Haaren NV | 22,557 | 3,790,883 |
Aedifica SA | 11,841 | 674,644 |
Barco NV | 64,243 | 1,141,528 |
Bekaert SA | 75,598 | 3,743,553 |
bpost SA | 538,227 | 2,021,076 |
Cofinimmo SA * | 21,429 | 1,338,028 |
D'ieteren Group | 15,580 | 3,001,063 |
Elia Group SA | 23,030 | 2,559,481 |
Euronav NV | 97,584 | 1,726,041 |
Fagron | 42,297 | 822,518 |
Gimv NV | 16,203 | 775,883 |
KBC Ancora | 24,477 | 1,147,451 |
Lotus Bakeries NV | 92 | 866,153 |
Melexis NV | 12,122 | 1,017,943 |
Ontex Group NV * | 315,570 | 2,527,057 |
Recticel SA | 70,898 | 883,841 |
Sofina SA | 13,036 | 2,970,916 |
Warehouses De Pauw CVA | 38,184 | 1,019,798 |
32,027,857 | ||
Canada 7.8% | ||
ADENTRA, Inc. | 39,047 | 1,065,743 |
Advantage Energy Ltd. * | 111,212 | 823,216 |
Aecon Group, Inc. | 230,439 | 2,417,626 |
Ag Growth International, Inc. | 17,466 | 728,464 |
Air Canada * | 129,584 | 1,731,162 |
Alamos Gold, Inc., Class A | 172,466 | 2,035,743 |
Algoma Steel Group, Inc. | 388,477 | 3,150,549 |
Allied Properties Real Estate Investment Trust | 127,497 | 1,597,061 |
Altus Group Ltd. | 21,524 | 794,881 |
Aritzia, Inc. * | 37,828 | 1,000,956 |
Artis Real Estate Investment Trust | 231,532 | 957,640 |
ATS Corp. * | 24,823 | 935,930 |
AutoCanada, Inc. * | 78,870 | 1,244,964 |
Badger Infrastructure Solution | 37,271 | 1,279,417 |
Baytex Energy Corp. | 485,664 | 1,550,430 |
Birchcliff Energy Ltd. | 269,188 | 1,071,711 |
BlackBerry Ltd. * | 179,776 | 503,667 |
Boardwalk Real Estate Investment Trust | 19,733 | 1,106,130 |
Bombardier, Inc., Class B * | 64,077 | 2,322,428 |
Boralex, Inc., Class A | 41,300 | 908,305 |
Boyd Group Services, Inc. | 10,353 | 2,431,182 |
Brookfield Business Corp., Class A | 75,207 | 1,724,990 |
Brookfield Infrastructure Corp., Class A | 120,405 | 3,997,373 |
Brookfield Reinsurance Ltd. * | 32,029 | 1,305,388 |
Brookfield Renewable Corp., Class A | 64,763 | 1,538,441 |
BRP, Inc. | 27,858 | 1,839,879 |
CAE, Inc. * | 164,359 | 3,070,636 |
Cameco Corp. | 77,895 | 3,158,643 |
Canaccord Genuity Group, Inc. | 178,097 | 1,057,014 |
Canada Goose Holdings, Inc. *(a) | 42,028 | 572,933 |
Canadian Apartment Properties REIT | 86,470 | 3,035,232 |
Canadian Western Bank | 106,028 | 2,266,194 |
Canfor Corp. * | 232,994 | 2,839,526 |
Capital Power Corp. | 118,013 | 3,336,748 |
Cascades, Inc. | 414,906 | 3,218,057 |
Celestica, Inc. * | 234,017 | 9,951,783 |
Centerra Gold, Inc. | 625,492 | 3,140,488 |
CES Energy Solutions Corp. | 504,770 | 1,589,094 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Chartwell Retirement Residences | 218,397 | 1,957,981 |
Chemtrade Logistics Income Fund | 228,297 | 1,360,003 |
Choice Properties Real Estate Investment Trust | 145,518 | 1,436,566 |
Chorus Aviation, Inc. * | 373,303 | 575,223 |
Cineplex, Inc. * | 116,036 | 676,702 |
Cogeco Communications, Inc. | 23,751 | 1,045,755 |
Cogeco, Inc. | 31,316 | 1,325,969 |
Colliers International Group, Inc. | 12,379 | 1,441,380 |
Crombie Real Estate Investment Trust | 133,169 | 1,359,819 |
Definity Financial Corp. | 29,011 | 981,542 |
Descartes Systems Group, Inc. * | 11,818 | 1,024,921 |
Doman Building Materials Group Ltd. | 214,408 | 1,282,006 |
Dorel Industries, Inc., Class B * | 259,584 | 1,148,305 |
Dream Industrial Real Estate Investment Trust | 76,015 | 712,317 |
Dream Office Real Estate Investment Trust | 47,059 | 520,424 |
Dundee Precious Metals, Inc. | 168,741 | 1,142,067 |
ECN Capital Corp. | 341,934 | 703,355 |
Eldorado Gold Corp. * | 155,773 | 1,620,494 |
Element Fleet Management Corp. | 217,622 | 3,634,120 |
Enerflex Ltd. | 329,894 | 1,921,453 |
Enerplus Corp. | 130,976 | 2,322,389 |
Enghouse Systems Ltd. | 29,670 | 776,121 |
Ensign Energy Services, Inc. * | 598,380 | 922,044 |
EQB, Inc. | 13,139 | 834,828 |
Equinox Gold Corp. * | 192,381 | 782,942 |
ERO Copper Corp. * | 44,400 | 756,831 |
Exchange Income Corp. | 24,147 | 862,730 |
Extendicare, Inc. | 138,262 | 689,093 |
Fiera Capital Corp. | 142,678 | 870,995 |
First Capital Real Estate Investment Trust | 236,275 | 2,707,055 |
FirstService Corp. | 12,631 | 2,079,852 |
Fortuna Silver Mines, Inc. * | 286,571 | 779,627 |
Frontera Energy Corp. * | 221,395 | 1,286,241 |
GFL Environmental, Inc. | 51,371 | 1,853,196 |
Gibson Energy, Inc. | 249,394 | 4,127,913 |
goeasy Ltd. | 8,450 | 1,037,225 |
Granite Real Estate Investment Trust | 20,007 | 1,063,077 |
H&R Real Estate Investment Trust | 425,084 | 2,786,152 |
Hudbay Minerals, Inc. | 426,366 | 2,511,641 |
IAMGOLD Corp. * | 947,004 | 2,471,629 |
IGM Financial, Inc. | 93,321 | 2,452,828 |
Innergex Renewable Energy, Inc. | 126,545 | 788,370 |
Interfor Corp. * | 213,587 | 3,195,105 |
International Petroleum Corp. * | 109,367 | 1,152,250 |
Kelt Exploration Ltd. * | 145,026 | 625,504 |
Killam Apartment Real Estate Investment Trust | 70,201 | 984,941 |
Laurentian Bank of Canada | 65,369 | 1,271,378 |
Maple Leaf Foods, Inc. | 121,194 | 2,063,162 |
Martinrea International, Inc. | 303,002 | 3,105,192 |
Mattr Corp. * | 102,494 | 1,141,803 |
MEG Energy Corp. * | 221,102 | 4,735,513 |
Mullen Group Ltd. | 154,348 | 1,706,949 |
NFI Group, Inc. * | 273,417 | 2,443,185 |
North West Co., Inc. | 78,792 | 2,341,656 |
NorthWest Healthcare Properties Real Estate Investment Trust | 239,376 | 702,412 |
NuVista Energy Ltd. * | 131,460 | 1,128,171 |
Obsidian Energy Ltd. * | 115,230 | 817,276 |
OceanaGold Corp. | 1,039,572 | 1,724,508 |
Pan American Silver Corp. | 248,351 | 3,083,445 |
Paramount Resources Ltd., Class A | 31,495 | 691,272 |
Parex Resources, Inc. | 178,960 | 2,889,537 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Pason Systems, Inc. | 76,407 | 779,646 |
Peyto Exploration & Development Corp. | 183,838 | 1,909,741 |
PrairieSky Royalty Ltd. | 57,958 | 1,035,369 |
Precision Drilling Corp. * | 31,139 | 1,850,869 |
Premium Brands Holdings Corp. | 36,948 | 2,444,313 |
Primaris Real Estate Investment Trust | 63,421 | 630,773 |
Primo Water Corp. | 177,445 | 2,883,391 |
Quebecor, Inc., Class B | 78,408 | 1,834,829 |
RB Global, Inc. | 70,281 | 5,305,468 |
Real Matters, Inc. * | 149,903 | 668,642 |
Richelieu Hardware Ltd. | 47,024 | 1,512,978 |
Rogers Sugar, Inc. | 181,105 | 692,988 |
Russel Metals, Inc. | 143,015 | 4,688,965 |
Secure Energy Services, Inc. | 293,875 | 2,467,826 |
Shopify, Inc., Class A * | 56,638 | 4,329,852 |
Sienna Senior Living, Inc. | 96,810 | 949,293 |
Sleep Country Canada Holdings, Inc. | 51,963 | 1,097,607 |
SmartCentres Real Estate Investment Trust | 122,377 | 2,094,128 |
SSR Mining, Inc. | 167,028 | 716,705 |
Stantec, Inc. | 60,765 | 5,076,779 |
Stelco Holdings, Inc. | 85,259 | 2,536,366 |
Stella-Jones, Inc. | 67,210 | 3,780,826 |
Superior Plus Corp. | 300,569 | 2,116,293 |
TMX Group Ltd. | 103,049 | 2,704,718 |
Torex Gold Resources, Inc. * | 177,515 | 1,858,453 |
Toromont Industries Ltd. | 51,388 | 4,722,612 |
TransAlta Corp. | 314,639 | 2,159,685 |
Transcontinental, Inc., Class A | 295,971 | 3,129,151 |
Trican Well Service Ltd. | 350,420 | 1,074,757 |
Tricon Residential, Inc. | 122,788 | 1,366,071 |
Vermilion Energy, Inc. | 318,784 | 3,544,264 |
Wajax Corp. | 58,392 | 1,467,603 |
Western Forest Products, Inc. | 2,201,530 | 1,006,340 |
Westshore Terminals Investment Corp. | 43,391 | 813,211 |
Whitecap Resources, Inc. | 183,474 | 1,274,247 |
Winpak Ltd. | 33,531 | 996,029 |
251,256,852 | ||
Denmark 1.5% | ||
Alm Brand AS | 570,660 | 1,076,983 |
D/S Norden AS | 40,864 | 1,837,851 |
Demant AS * | 55,610 | 2,786,030 |
Dfds AS | 55,242 | 1,669,698 |
FLSmidth & Co. AS (a) | 76,544 | 3,649,238 |
Genmab AS * | 8,606 | 2,411,274 |
GN Store Nord AS * | 130,235 | 3,046,814 |
H Lundbeck AS | 403,837 | 1,956,953 |
Jyske Bank AS | 42,709 | 3,454,764 |
Matas AS | 60,396 | 1,036,367 |
NKT AS * | 28,082 | 2,111,766 |
Per Aarsleff Holding AS | 41,210 | 1,965,287 |
Ringkjoebing Landbobank AS | 6,837 | 1,173,197 |
Rockwool AS, Class B | 8,516 | 2,726,040 |
Royal Unibrew AS | 35,967 | 2,337,127 |
Scandinavian Tobacco Group AS, A Shares | 105,192 | 1,933,323 |
Schouw & Co. AS | 27,013 | 2,317,652 |
Solar AS, B Shares | 15,811 | 864,196 |
Spar Nord Bank AS | 51,132 | 901,155 |
Sydbank AS | 45,869 | 2,461,156 |
Topdanmark AS | 34,598 | 1,557,043 |
Tryg AS | 173,940 | 3,699,347 |
46,973,261 | ||
SECURITY | NUMBER OF SHARES | VALUE ($) |
Finland 0.9% | ||
Cargotec OYJ, B Shares | 65,148 | 4,406,246 |
Finnair OYJ * | 8,450,202 | 281,647 |
Kamux Corp. | 124,527 | 714,886 |
Kemira OYJ | 151,751 | 2,734,220 |
Kojamo OYJ | 140,779 | 1,561,526 |
Konecranes OYJ | 109,999 | 5,666,088 |
Metsa Board OYJ, B Shares | 243,864 | 1,832,768 |
Metso OYJ | 255,075 | 2,724,963 |
Orion OYJ, B Shares | 77,483 | 3,052,077 |
Terveystalo OYJ | 115,411 | 906,716 |
TietoEVRY OYJ | 120,588 | 2,813,458 |
Tokmanni Group Corp. | 80,576 | 1,364,607 |
YIT OYJ | 795,299 | 1,382,177 |
29,441,379 | ||
France 3.3% | ||
Aeroports de Paris SA | 19,789 | 2,691,824 |
Air France-KLM * | 201,426 | 2,272,589 |
Altarea SCA | 5,855 | 427,679 |
Alten SA | 22,000 | 3,230,652 |
Beneteau SACA | 57,024 | 763,952 |
BioMerieux | 24,923 | 2,726,711 |
Carmila SA | 58,735 | 941,961 |
CGG SA * | 3,716,066 | 1,576,366 |
Cie Plastic Omnium SE | 197,930 | 2,362,516 |
Clariane SE (a) | 566,465 | 1,216,806 |
Coface SA | 126,425 | 1,814,112 |
Covivio SA | 56,091 | 2,520,218 |
Dassault Aviation SA | 12,331 | 2,440,617 |
Derichebourg SA | 289,636 | 1,316,405 |
Elior Group SA * | 953,667 | 2,371,562 |
Eramet SA | 15,698 | 1,060,875 |
Esso SA Francaise | 14,570 | 1,210,900 |
Euronext NV | 30,745 | 2,836,328 |
Fnac Darty SA | 110,781 | 3,291,952 |
Gaztransport Et Technigaz SA | 12,847 | 1,988,041 |
Gecina SA (a) | 29,869 | 2,886,422 |
Getlink SE | 129,509 | 2,212,940 |
ICADE (a) | 71,244 | 2,130,953 |
Imerys SA | 99,030 | 3,133,515 |
Ipsen SA | 21,803 | 2,401,882 |
IPSOS SA | 51,829 | 3,614,792 |
JCDecaux SE * | 116,230 | 2,402,366 |
La Francaise des Jeux SAEM | 47,122 | 1,974,452 |
Maisons du Monde SA | 217,620 | 1,006,988 |
Mercialys SA | 166,700 | 1,812,964 |
Metropole Television SA | 164,169 | 2,238,460 |
Nexans SA | 39,678 | 4,079,068 |
Nexity SA | 199,231 | 2,287,494 |
Quadient SA | 104,287 | 2,198,400 |
Remy Cointreau SA | 10,214 | 1,083,202 |
Sartorius Stedim Biotech | 4,344 | 1,195,429 |
SMCP SA *(a) | 142,737 | 397,742 |
Societe BIC SA | 46,234 | 3,342,147 |
SOITEC * | 5,687 | 831,739 |
Sopra Steria Group | 17,327 | 4,440,099 |
SPIE SA | 139,008 | 4,630,160 |
Television Francaise 1 SA | 328,072 | 3,005,272 |
Trigano SA | 11,497 | 1,861,246 |
Ubisoft Entertainment SA * | 149,640 | 3,432,979 |
Vallourec SACA * | 94,477 | 1,434,404 |
Verallia SA | 72,264 | 2,674,458 |
Vicat SACA | 55,157 | 2,112,961 |
Virbac SACA | 3,092 | 1,110,875 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Worldline SA * | 139,644 | 1,605,605 |
106,601,080 | ||
Germany 3.5% | ||
1&1 AG | 158,767 | 2,934,511 |
ADLER Group SA *(a) | 2,422,226 | 592,394 |
AIXTRON SE | 23,187 | 644,358 |
Aroundtown SA * | 1,410,746 | 2,486,895 |
Auto1 Group SE * | 143,669 | 539,175 |
BayWa AG (a) | 50,321 | 1,557,410 |
Bechtle AG | 82,342 | 4,246,812 |
Befesa SA | 35,853 | 1,144,551 |
Bilfinger SE | 71,215 | 3,278,359 |
BRANICKS Group AG (a) | 109,470 | 147,131 |
CANCOM SE | 63,875 | 1,887,040 |
Carl Zeiss Meditec AG, Bearer Shares | 13,709 | 1,687,504 |
Ceconomy AG * | 886,421 | 1,917,522 |
CompuGroup Medical SE & Co. KGaA | 16,192 | 514,451 |
CTS Eventim AG & Co. KGaA | 14,781 | 1,162,856 |
Delivery Hero SE * | 29,721 | 687,154 |
Deutsche Pfandbriefbank AG (a) | 251,154 | 1,045,834 |
Deutsche Wohnen SE | 37,065 | 764,896 |
Deutz AG | 412,797 | 2,566,340 |
Duerr AG | 83,520 | 1,847,392 |
DWS Group GmbH & Co. KGaA | 48,714 | 1,997,932 |
ElringKlinger AG | 135,135 | 758,967 |
Encavis AG * | 45,356 | 542,111 |
Evotec SE * | 38,868 | 573,712 |
Fielmann Group AG | 23,951 | 1,134,716 |
Fraport AG Frankfurt Airport Services Worldwide * | 38,136 | 2,121,221 |
Gerresheimer AG | 26,407 | 3,097,676 |
Grand City Properties SA * | 173,140 | 1,614,137 |
Grenke AG (a) | 33,893 | 830,741 |
Hamburger Hafen und Logistik AG * | 65,133 | 1,155,933 |
Heidelberger Druckmaschinen AG * | 442,632 | 490,011 |
Hella GmbH & Co. KGaA | 25,250 | 2,232,395 |
HelloFresh SE * | 124,217 | 1,721,939 |
Hensoldt AG | 18,845 | 687,248 |
HOCHTIEF AG | 35,611 | 4,223,596 |
Hornbach Holding AG & Co. KGaA | 39,207 | 2,925,402 |
Hugo Boss AG | 53,246 | 3,623,157 |
Jenoptik AG | 42,265 | 1,336,438 |
JOST Werke SE | 18,970 | 992,548 |
Kontron AG (a) | 44,331 | 1,022,780 |
Krones AG | 17,593 | 2,176,074 |
LEG Immobilien SE * | 52,115 | 3,836,074 |
Nemetschek SE | 9,984 | 952,713 |
Nordex SE * | 102,477 | 1,167,175 |
Norma Group SE | 95,795 | 1,451,304 |
Qiagen NV * | 73,172 | 3,138,422 |
Rational AG | 1,724 | 1,417,877 |
RTL Group SA | 95,761 | 3,537,853 |
SAF-Holland SE | 97,014 | 1,840,365 |
Sartorius AG | 157 | 46,892 |
Scout24 SE | 32,264 | 2,346,254 |
Siltronic AG | 33,092 | 3,094,029 |
Sixt SE | 17,221 | 1,614,784 |
Stabilus SE | 28,981 | 1,913,070 |
Stroeer SE & Co. KGaA | 28,744 | 1,609,701 |
Suedzucker AG | 131,304 | 1,858,546 |
Synlab AG | 153,896 | 2,070,075 |
TAG Immobilien AG * | 245,704 | 3,001,883 |
Takkt AG | 83,174 | 1,224,092 |
Talanx AG | 60,919 | 4,350,952 |
TeamViewer SE * | 37,812 | 596,997 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Vitesco Technologies Group AG, Class A * | 18,510 | 1,492,280 |
Wacker Chemie AG | 17,245 | 1,885,763 |
Wacker Neuson SE | 55,399 | 997,569 |
112,355,989 | ||
Hong Kong 2.6% | ||
AAC Technologies Holdings, Inc. | 1,758,761 | 4,371,741 |
ASMPT Ltd. | 417,991 | 5,122,910 |
Bank of East Asia Ltd. | 2,084,024 | 2,606,095 |
BOC Aviation Ltd. | 225,174 | 1,659,583 |
Brightoil Petroleum Holdings Ltd. *(b) | 2,380,161 | 0 |
Budweiser Brewing Co. APAC Ltd. (a) | 912,146 | 1,477,367 |
Cathay Pacific Airways Ltd. *(a) | 1,536,866 | 1,664,703 |
Chow Tai Fook Jewellery Group Ltd. | 1,566,258 | 2,344,745 |
CITIC Telecom International Holdings Ltd. | 2,898,561 | 1,103,325 |
CK Infrastructure Holdings Ltd. | 209,929 | 1,234,829 |
Cowell e Holdings, Inc. * | 493,746 | 1,155,404 |
DFI Retail Group Holdings Ltd. | 781,598 | 1,649,172 |
Esprit Holdings Ltd. * | 17,029,419 | 543,807 |
Fortune Real Estate Investment Trust | 1,269,744 | 731,472 |
Hang Lung Properties Ltd. | 1,739,112 | 1,879,329 |
HKBN Ltd. | 2,086,478 | 860,837 |
Huabao International Holdings Ltd. (a) | 1,855,662 | 549,910 |
Hysan Development Co. Ltd. | 616,471 | 1,009,498 |
IGG, Inc. * | 4,240,363 | 1,987,806 |
Jinchuan Group International Resources Co. Ltd. | 22,047,858 | 1,858,725 |
JS Global Lifestyle Co. Ltd. | 1,462,315 | 267,105 |
Kerry Logistics Network Ltd. | 1,438,672 | 1,617,146 |
Kerry Properties Ltd. | 2,063,574 | 3,400,279 |
L'Occitane International SA | 387,495 | 1,465,084 |
Luk Fook Holdings International Ltd. | 745,298 | 1,994,430 |
Man Wah Holdings Ltd. | 1,979,478 | 1,286,984 |
Melco International Development Ltd. * | 1,925,585 | 1,261,784 |
MMG Ltd. * | 7,335,085 | 1,967,566 |
Nexteer Automotive Group Ltd. | 3,097,110 | 1,432,089 |
NWS Holdings Ltd. (a) | 1,698,179 | 1,995,612 |
Pacific Basin Shipping Ltd. | 11,476,166 | 3,356,890 |
PC Partner Group Ltd. | 1,598,234 | 579,780 |
Power Assets Holdings Ltd. | 125,571 | 755,466 |
Powerlong Real Estate Holdings Ltd. *(a) | 23,813,287 | 1,977,140 |
PRADA SpA | 241,551 | 1,706,235 |
Samsonite International SA * | 581,902 | 2,032,881 |
Singamas Container Holdings Ltd. | 22,390,281 | 1,658,794 |
SITC International Holdings Co. Ltd. | 1,630,163 | 2,681,956 |
SJM Holdings Ltd. * | 3,059,708 | 934,077 |
Swire Properties Ltd. | 845,536 | 1,745,333 |
Texhong International Group Ltd. * | 1,875,641 | 915,204 |
Truly International Holdings Ltd. | 12,166,590 | 1,103,398 |
United Energy Group Ltd. (a) | 8,518,052 | 522,259 |
United Laboratories International Holdings Ltd. | 769,019 | 834,951 |
Value Partners Group Ltd. | 2,567,916 | 560,895 |
Vitasoy International Holdings Ltd. | 792,585 | 722,851 |
VSTECS Holdings Ltd. | 3,614,910 | 1,893,155 |
VTech Holdings Ltd. | 453,540 | 2,621,434 |
Wharf Holdings Ltd. | 1,493,668 | 5,523,412 |
Wynn Macau Ltd. * | 1,207,761 | 1,019,735 |
83,645,183 | ||
SECURITY | NUMBER OF SHARES | VALUE ($) |
Ireland 0.4% | ||
AIB Group PLC | 706,732 | 3,277,891 |
Cairn Homes PLC | 1,330,938 | 2,094,160 |
Dalata Hotel Group PLC | 165,420 | 807,332 |
Glanbia PLC | 248,347 | 4,498,855 |
Irish Continental Group PLC | 144,201 | 705,333 |
11,383,571 | ||
Israel 1.6% | ||
Alony Hetz Properties & Investments Ltd. | 90,510 | 663,950 |
Ashdod Refinery Ltd. | 27,105 | 723,235 |
Ashtrom Group Ltd. | 43,352 | 710,072 |
Azrieli Group Ltd. | 15,267 | 1,106,255 |
Bezeq The Israeli Telecommunication Corp. Ltd. | 2,368,352 | 3,198,164 |
Cellcom Israel Ltd. * | 228,862 | 1,009,233 |
Clal Insurance Enterprises Holdings Ltd. * | 82,737 | 1,583,345 |
Delek Automotive Systems Ltd. | 135,848 | 874,819 |
Delek Group Ltd. | 14,069 | 1,896,650 |
Elbit Systems Ltd. | 12,670 | 2,816,659 |
Elco Ltd. | 19,779 | 718,260 |
FIBI Holdings Ltd. | 29,998 | 1,356,444 |
First International Bank Of Israel Ltd. | 38,216 | 1,648,865 |
Formula Systems 1985 Ltd. | 11,302 | 873,377 |
G City Ltd. * | 310,038 | 973,102 |
Harel Insurance Investments & Financial Services Ltd. * | 180,812 | 1,797,185 |
Isracard Ltd. | 241,916 | 946,911 |
Israel Corp. Ltd. * | 10,891 | 2,856,921 |
Mivne Real Estate KD Ltd. | 309,432 | 830,327 |
Mizrahi Tefahot Bank Ltd. | 87,737 | 3,471,060 |
Neto Malinda Trading Ltd. * | 38,326 | 532,568 |
Nice Ltd. * | 16,870 | 4,140,981 |
Oil Refineries Ltd. | 7,548,047 | 3,106,627 |
Partner Communications Co. Ltd. * | 174,226 | 849,276 |
Paz Oil Co. Ltd. | 22,686 | 2,183,740 |
Phoenix Holdings Ltd. | 150,443 | 1,622,961 |
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. | 10,591 | 651,188 |
Shikun & Binui Ltd. * | 324,345 | 868,165 |
Shufersal Ltd. * | 612,777 | 4,364,724 |
Strauss Group Ltd. * | 41,187 | 816,567 |
Tower Semiconductor Ltd. * | 91,146 | 2,998,559 |
52,190,190 | ||
Italy 2.7% | ||
ACEA SpA | 100,672 | 1,496,866 |
Amplifon SpA | 46,247 | 1,545,927 |
Anima Holding SpA | 490,652 | 2,213,038 |
Azimut Holding SpA | 120,172 | 3,448,772 |
Banca Generali SpA | 48,280 | 1,784,731 |
Banca IFIS SpA | 36,602 | 665,825 |
Banca Mediolanum SpA | 223,424 | 2,406,662 |
Banca Monte dei Paschi di Siena SpA * | 381,413 | 1,560,181 |
Banca Popolare di Sondrio SpA | 454,299 | 3,399,551 |
BFF Bank SpA | 128,879 | 1,504,843 |
BPER Banca | 1,359,663 | 5,452,860 |
Brembo SpA | 161,114 | 1,992,816 |
Buzzi SpA | 125,478 | 4,241,957 |
Cementir Holding NV | 83,842 | 845,600 |
Credito Emiliano SpA | 84,178 | 805,264 |
Danieli & C Officine Meccaniche SpA | 13,594 | 454,562 |
Davide Campari-Milano NV | 151,980 | 1,541,368 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
De' Longhi SpA | 79,953 | 2,462,392 |
DiaSorin SpA | 11,336 | 1,145,516 |
doValue SpA | 138,626 | 310,529 |
Enav SpA | 291,703 | 1,023,391 |
ERG SpA | 51,782 | 1,412,105 |
Esprinet SpA | 228,198 | 1,266,826 |
Fincantieri SpA *(a) | 1,167,684 | 614,746 |
FinecoBank Banca Fineco SpA | 215,224 | 2,976,522 |
Infrastrutture Wireless Italiane SpA | 94,693 | 1,048,802 |
Interpump Group SpA | 47,117 | 2,236,320 |
Iren SpA | 1,728,974 | 3,408,980 |
Italgas SpA | 713,709 | 3,896,458 |
Maire Tecnimont SpA | 221,876 | 1,272,547 |
MARR SpA | 61,263 | 750,468 |
MFE-MediaForEurope NV, Class A | 897,889 | 2,049,212 |
MFE-MediaForEurope NV, Class B | 280,745 | 887,120 |
Moncler SpA | 64,072 | 4,621,907 |
Nexi SpA * | 157,093 | 1,151,568 |
OVS SpA | 533,329 | 1,270,867 |
Piaggio & C SpA | 233,446 | 782,123 |
Recordati Industria Chimica e Farmaceutica SpA | 55,240 | 3,094,109 |
Reply SpA | 11,031 | 1,530,349 |
Saipem SpA * | 815,619 | 1,483,688 |
Salvatore Ferragamo SpA | 65,829 | 858,404 |
Saras SpA | 2,180,769 | 4,125,140 |
Technogym SpA | 92,110 | 876,160 |
Unieuro SpA (a) | 102,928 | 1,011,363 |
UnipolSai Assicurazioni SpA | 682,138 | 1,965,024 |
Webuild SpA | 544,737 | 1,155,395 |
86,048,854 | ||
Japan 35.4% | ||
77 Bank Ltd. | 69,247 | 1,820,585 |
ABC-Mart, Inc. | 101,627 | 1,741,993 |
Acom Co. Ltd. | 734,907 | 1,828,061 |
Activia Properties, Inc. | 422 | 1,098,209 |
Adastria Co. Ltd. | 66,320 | 1,510,999 |
ADEKA Corp. | 231,118 | 4,762,263 |
Advance Residence Investment Corp. | 593 | 1,212,387 |
Aeon Delight Co. Ltd. | 61,647 | 1,408,651 |
AEON Financial Service Co. Ltd. (a) | 277,371 | 2,421,228 |
Aeon Hokkaido Corp. (a) | 125,507 | 745,478 |
Aeon Mall Co. Ltd. (a) | 233,095 | 2,723,880 |
AEON REIT Investment Corp. | 1,205 | 1,058,713 |
Ai Holdings Corp. | 42,489 | 672,239 |
Aica Kogyo Co. Ltd. | 105,048 | 2,495,829 |
Aichi Steel Corp. | 84,265 | 2,007,114 |
Aida Engineering Ltd. | 149,465 | 858,822 |
Aiful Corp. | 385,777 | 1,069,670 |
Ain Holdings, Inc. | 75,058 | 2,376,059 |
Alconix Corp. | 138,476 | 1,329,525 |
Alpen Co. Ltd. | 69,467 | 918,986 |
Amano Corp. | 113,511 | 2,777,292 |
ANA Holdings, Inc. * | 175,036 | 3,817,181 |
Anritsu Corp. | 259,987 | 2,235,607 |
AOKI Holdings, Inc. | 148,310 | 1,106,850 |
Aoyama Trading Co. Ltd. | 240,343 | 2,614,274 |
Aozora Bank Ltd. (a) | 167,403 | 3,074,144 |
Arata Corp. | 195,032 | 4,371,834 |
ARCLANDS Corp. (a) | 79,556 | 894,055 |
Arcs Co. Ltd. | 212,070 | 4,385,359 |
ARE Holdings, Inc. | 133,063 | 1,722,075 |
Ariake Japan Co. Ltd. | 21,428 | 755,929 |
Artience Co. Ltd. | 141,472 | 2,689,168 |
As One Corp. | 20,983 | 731,538 |
Asahi Diamond Industrial Co. Ltd. | 111,178 | 676,710 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Asahi Intecc Co. Ltd. | 54,673 | 1,136,418 |
Asanuma Corp. | 41,339 | 1,213,903 |
Asics Corp. | 108,553 | 4,618,598 |
ASKUL Corp. | 76,012 | 1,068,546 |
Autobacs Seven Co. Ltd. | 197,195 | 2,206,866 |
Avex, Inc. | 103,497 | 901,026 |
Awa Bank Ltd. | 51,981 | 940,152 |
Azbil Corp. | 130,598 | 3,831,468 |
BayCurrent Consulting, Inc. | 22,654 | 507,660 |
Belc Co. Ltd. | 27,842 | 1,181,243 |
Bell System24 Holdings, Inc. | 60,915 | 692,706 |
Belluna Co. Ltd. | 211,266 | 875,158 |
Benesse Holdings, Inc. | 176,751 | 3,061,582 |
Bic Camera, Inc. | 503,960 | 4,333,511 |
BIPROGY, Inc. | 92,012 | 2,848,825 |
BML, Inc. | 53,472 | 1,004,632 |
Bunka Shutter Co. Ltd. | 163,808 | 1,720,493 |
C Uyemura & Co. Ltd. | 12,856 | 1,017,004 |
Calbee, Inc. | 134,646 | 2,884,179 |
Canon Electronics, Inc. | 55,608 | 838,188 |
Canon Marketing Japan, Inc. | 121,129 | 3,604,654 |
Capcom Co. Ltd. | 48,737 | 1,963,222 |
Casio Computer Co. Ltd. | 465,545 | 3,752,790 |
Cawachi Ltd. | 78,182 | 1,446,944 |
Central Glass Co. Ltd. | 67,268 | 1,287,652 |
Chiba Bank Ltd. | 445,924 | 3,628,886 |
Chudenko Corp. | 77,052 | 1,503,253 |
Chugoku Marine Paints Ltd. | 98,554 | 1,422,307 |
Citizen Watch Co. Ltd. | 541,182 | 3,767,700 |
CKD Corp. | 110,753 | 2,271,743 |
CMK Corp. | 168,057 | 697,290 |
Colowide Co. Ltd. | 54,177 | 810,827 |
Comforia Residential REIT, Inc. | 294 | 563,171 |
Cosmos Pharmaceutical Corp. | 28,834 | 2,818,477 |
Create SD Holdings Co. Ltd. | 50,505 | 1,110,185 |
Credit Saison Co. Ltd. | 266,801 | 5,190,917 |
CyberAgent, Inc. | 578,678 | 4,061,610 |
Daihen Corp. | 39,259 | 2,066,953 |
Daiho Corp. | 25,650 | 539,838 |
Daiichikosho Co. Ltd. | 106,144 | 1,372,986 |
Daiki Aluminium Industry Co. Ltd. | 117,681 | 934,089 |
Daikokutenbussan Co. Ltd. | 18,705 | 1,172,265 |
Daio Paper Corp. | 314,655 | 2,333,581 |
Daiseki Co. Ltd. | 37,950 | 1,005,357 |
Daishi Hokuetsu Financial Group, Inc. | 51,874 | 1,493,799 |
Daito Pharmaceutical Co. Ltd. | 43,248 | 600,739 |
Daiwa House REIT Investment Corp. | 1,003 | 1,637,825 |
Daiwa Office Investment Corp. | 150 | 584,285 |
Daiwa Securities Living Investments Corp. | 899 | 605,460 |
DCM Holdings Co. Ltd. | 363,874 | 3,505,755 |
DeNA Co. Ltd. | 134,418 | 1,315,710 |
Descente Ltd. | 31,309 | 704,960 |
Dexerials Corp. | 44,169 | 1,778,328 |
Disco Corp. | 29,428 | 9,488,844 |
DMG Mori Co. Ltd. | 147,396 | 3,406,446 |
Doshisha Co. Ltd. | 63,304 | 889,902 |
Doutor Nichires Holdings Co. Ltd. | 72,622 | 999,541 |
DTS Corp. | 56,371 | 1,515,957 |
Duskin Co. Ltd. | 93,770 | 2,106,332 |
DyDo Group Holdings, Inc. | 52,522 | 1,098,375 |
Eagle Industry Co. Ltd. | 98,359 | 1,159,909 |
Earth Corp. | 36,516 | 1,032,022 |
Eizo Corp. | 39,540 | 1,363,175 |
Elecom Co. Ltd. | 79,225 | 847,459 |
en Japan, Inc. | 42,035 | 708,026 |
eRex Co. Ltd. (a) | 90,087 | 434,575 |
Exedy Corp. | 164,611 | 3,310,477 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Ezaki Glico Co. Ltd. | 137,581 | 4,107,115 |
Fancl Corp. | 70,496 | 976,167 |
FCC Co. Ltd. | 159,121 | 2,250,679 |
Ferrotec Holdings Corp. | 64,688 | 1,291,858 |
Food & Life Cos. Ltd. | 68,741 | 1,362,465 |
Foster Electric Co. Ltd. | 149,116 | 1,195,558 |
FP Corp. | 71,037 | 1,304,030 |
Frontier Real Estate Investment Corp. | 247 | 708,803 |
Fuji Co. Ltd. | 84,304 | 1,064,572 |
Fuji Corp. | 172,963 | 2,976,900 |
Fuji Media Holdings, Inc. | 151,733 | 1,817,207 |
Fuji Oil Co. Ltd. | 476,443 | 1,098,235 |
Fuji Oil Holdings, Inc. (a) | 137,674 | 2,302,845 |
Fuji Seal International, Inc. | 149,597 | 2,026,011 |
Fuji Soft, Inc. | 49,080 | 2,092,139 |
Fujicco Co. Ltd. | 54,655 | 713,907 |
Fujimi, Inc. | 38,483 | 965,482 |
Fujimori Kogyo Co. Ltd. | 55,307 | 1,433,762 |
Fujitec Co. Ltd. | 89,147 | 2,293,151 |
Fujitsu General Ltd. | 70,479 | 910,477 |
Fukuoka Financial Group, Inc. | 153,902 | 3,993,822 |
Fukuoka REIT Corp. | 625 | 691,939 |
Fukuyama Transporting Co. Ltd. | 98,265 | 2,675,418 |
Fuso Chemical Co. Ltd. | 23,391 | 756,414 |
Fuyo General Lease Co. Ltd. | 16,717 | 1,527,393 |
Gakken Holdings Co. Ltd. | 104,993 | 686,064 |
Geo Holdings Corp. | 127,646 | 1,651,970 |
GLOBERIDE, Inc. | 54,688 | 728,954 |
Glory Ltd. | 131,377 | 2,562,672 |
GLP J-Reit | 1,640 | 1,302,840 |
GMO internet group, Inc. | 62,502 | 1,128,978 |
Godo Steel Ltd. | 30,000 | 1,194,628 |
Goldwin, Inc. | 15,989 | 927,056 |
Gree, Inc. | 139,685 | 463,843 |
G-Tekt Corp. | 139,595 | 1,904,543 |
GungHo Online Entertainment, Inc. | 53,517 | 776,992 |
Gunma Bank Ltd. | 498,526 | 2,690,648 |
Gunze Ltd. | 53,941 | 2,025,445 |
H.U. Group Holdings, Inc. | 162,080 | 2,783,093 |
H2O Retailing Corp. | 359,783 | 4,204,319 |
Hachijuni Bank Ltd. | 419,599 | 2,571,645 |
Hakuto Co. Ltd. | 20,142 | 795,345 |
Hamamatsu Photonics KK | 60,217 | 2,161,326 |
Happinet Corp. | 83,853 | 1,773,199 |
Harmonic Drive Systems, Inc. | 20,825 | 544,731 |
Hazama Ando Corp. | 481,220 | 3,970,780 |
Heiwa Corp. | 83,692 | 1,155,819 |
Heiwa Real Estate Co. Ltd. | 31,408 | 822,605 |
Heiwado Co. Ltd. (a) | 164,637 | 2,262,700 |
Hikari Tsushin, Inc. | 21,612 | 3,908,845 |
Hirata Corp. | 16,520 | 896,254 |
Hirose Electric Co. Ltd. | 28,626 | 3,043,915 |
HIS Co. Ltd. * | 46,847 | 535,859 |
Hisamitsu Pharmaceutical Co., Inc. (a) | 77,945 | 2,017,498 |
Hitachi Zosen Corp. | 437,509 | 3,595,484 |
Hogy Medical Co. Ltd. | 30,842 | 743,901 |
Hokuetsu Corp. (a) | 365,641 | 3,627,827 |
Hokuhoku Financial Group, Inc. | 239,103 | 2,755,747 |
Hokuriku Electric Power Co. * | 765,292 | 3,703,488 |
Hokuto Corp. | 50,273 | 604,942 |
Horiba Ltd. | 54,765 | 5,344,042 |
Hoshizaki Corp. | 103,328 | 3,525,040 |
Hosiden Corp. | 218,261 | 2,833,441 |
Hosokawa Micron Corp. | 26,355 | 834,654 |
House Foods Group, Inc. | 145,921 | 3,064,273 |
Hulic Co. Ltd. | 411,730 | 4,107,122 |
Hulic Reit, Inc. (a) | 593 | 580,044 |
Hyakugo Bank Ltd. | 252,551 | 1,115,362 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Hyakujushi Bank Ltd. | 44,895 | 843,187 |
Ibiden Co. Ltd. | 93,859 | 4,327,661 |
Idec Corp. | 33,601 | 638,255 |
IDOM, Inc. | 168,680 | 1,021,074 |
Iino Kaiun Kaisha Ltd. | 135,161 | 1,157,723 |
Inaba Denki Sangyo Co. Ltd. | 153,675 | 3,629,593 |
Inabata & Co. Ltd. | 178,099 | 3,801,873 |
Industrial & Infrastructure Fund Investment Corp. | 926 | 779,555 |
Intage Holdings, Inc. | 31,355 | 407,676 |
Integrated Design & Engineering Holdings Co. Ltd. | 44,018 | 1,083,760 |
Internet Initiative Japan, Inc. | 87,683 | 1,627,177 |
Invincible Investment Corp. | 1,807 | 742,504 |
Iriso Electronics Co. Ltd. | 29,476 | 596,728 |
Ishihara Sangyo Kaisha Ltd. | 129,376 | 1,285,375 |
Ito En Ltd. | 81,264 | 2,266,835 |
Itochu Enex Co. Ltd. | 254,514 | 2,600,066 |
Izumi Co. Ltd. | 173,679 | 4,023,152 |
Jaccs Co. Ltd. | 46,901 | 1,710,961 |
JAFCO Group Co. Ltd. | 99,025 | 1,189,597 |
Japan Airlines Co. Ltd. | 199,235 | 3,721,929 |
Japan Airport Terminal Co. Ltd. | 18,134 | 714,116 |
Japan Aviation Electronics Industry Ltd. | 102,218 | 1,807,101 |
Japan Excellent, Inc. | 1,016 | 801,694 |
Japan Hotel REIT Investment Corp. | 1,841 | 893,009 |
Japan Lifeline Co. Ltd. | 121,186 | 1,059,072 |
Japan Logistics Fund, Inc. | 357 | 610,385 |
Japan Metropolitan Fund Invest (a) | 4,007 | 2,363,988 |
Japan Petroleum Exploration Co. Ltd. | 66,892 | 2,721,803 |
Japan Post Bank Co. Ltd. | 395,719 | 4,223,700 |
Japan Prime Realty Investment Corp. | 541 | 1,187,402 |
Japan Real Estate Investment Corp. | 725 | 2,615,755 |
Japan Steel Works Ltd. | 111,168 | 2,025,862 |
Japan Wool Textile Co. Ltd. | 163,663 | 1,501,365 |
Jeol Ltd. | 31,227 | 1,384,737 |
Joshin Denki Co. Ltd. | 161,345 | 2,524,688 |
Joyful Honda Co. Ltd. | 183,288 | 2,555,770 |
Juki Corp. | 185,044 | 615,701 |
JVCKenwood Corp. | 571,360 | 3,168,496 |
Kadokawa Corp. | 71,430 | 1,363,026 |
Kaga Electronics Co. Ltd. | 43,428 | 1,926,651 |
Kagome Co. Ltd. | 85,692 | 1,970,681 |
Kakaku.com, Inc. | 97,327 | 1,116,851 |
Kaken Pharmaceutical Co. Ltd. | 70,836 | 1,680,622 |
Kameda Seika Co. Ltd. | 26,801 | 785,210 |
Kamigumi Co. Ltd. | 194,333 | 4,552,225 |
Kanamoto Co. Ltd. | 131,263 | 2,515,282 |
Kandenko Co. Ltd. | 430,742 | 4,918,408 |
Kansai Paint Co. Ltd. | 229,883 | 3,332,973 |
Kanto Denka Kogyo Co. Ltd. | 135,165 | 820,003 |
Katitas Co. Ltd. | 44,106 | 592,913 |
Kato Sangyo Co. Ltd. | 114,249 | 3,698,379 |
KDX Realty Investment Corp. | 2,295 | 2,298,527 |
Keihan Holdings Co. Ltd. | 105,597 | 2,443,963 |
Keikyu Corp. | 312,943 | 2,781,925 |
Keio Corp. | 123,264 | 3,461,473 |
Keisei Electric Railway Co. Ltd. | 74,872 | 3,499,229 |
Keiyo Bank Ltd. | 183,181 | 917,924 |
KFC Holdings Japan Ltd. | 30,555 | 864,572 |
KH Neochem Co. Ltd. | 78,435 | 1,180,167 |
Kissei Pharmaceutical Co. Ltd. | 37,489 | 850,372 |
Kitz Corp. | 221,822 | 1,862,967 |
Kiyo Bank Ltd. | 91,654 | 1,140,853 |
Koa Corp. | 54,724 | 556,125 |
Kobayashi Pharmaceutical Co. Ltd. | 49,693 | 1,985,462 |
Kobe Bussan Co. Ltd. | 61,962 | 1,668,383 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Koei Tecmo Holdings Co. Ltd. | 64,990 | 813,081 |
Kohnan Shoji Co. Ltd. | 91,866 | 2,580,988 |
Kojima Co. Ltd. (a) | 152,828 | 745,403 |
Kokuyo Co. Ltd. | 195,253 | 3,089,190 |
Komeri Co. Ltd. | 105,506 | 2,460,185 |
Konami Group Corp. | 74,045 | 4,986,795 |
Konoike Transport Co. Ltd. | 108,964 | 1,351,221 |
Kose Corp. | 29,181 | 1,630,135 |
KPP Group Holdings Co. Ltd. | 197,131 | 850,849 |
Kumagai Gumi Co. Ltd. | 143,628 | 3,795,341 |
Kumiai Chemical Industry Co. Ltd. | 143,260 | 789,667 |
Kura Sushi, Inc. | 29,421 | 781,376 |
Kureha Corp. | 125,450 | 2,245,477 |
Kusuri No. Aoki Holdings Co. Ltd. | 65,366 | 1,370,472 |
KYB Corp. | 62,376 | 2,142,130 |
Kyoei Steel Ltd. | 103,480 | 1,679,381 |
Kyokuto Kaihatsu Kogyo Co. Ltd. | 102,313 | 1,702,824 |
Kyorin Pharmaceutical Co. Ltd. | 95,230 | 1,133,191 |
Kyoritsu Maintenance Co. Ltd. | 18,604 | 786,074 |
Kyoto Financial Group, Inc. | 139,992 | 2,446,376 |
Kyowa Kirin Co. Ltd. | 201,811 | 4,006,691 |
Kyudenko Corp. | 113,308 | 4,407,558 |
Kyushu Financial Group, Inc. | 368,693 | 2,776,221 |
LaSalle Logiport REIT | 586 | 551,663 |
Lasertec Corp. | 4,823 | 1,287,358 |
Lawson, Inc. | 73,065 | 5,006,224 |
Life Corp. | 92,121 | 2,369,652 |
Lintec Corp. | 159,415 | 3,232,609 |
M3, Inc. | 122,920 | 1,762,864 |
Mabuchi Motor Co. Ltd. | 177,600 | 3,244,193 |
Macnica Holdings, Inc. | 113,347 | 6,253,889 |
Makino Milling Machine Co. Ltd. | 47,063 | 1,836,359 |
Mandom Corp. | 98,369 | 879,386 |
Marubun Corp. | 85,341 | 859,853 |
Maruha Nichiro Corp. | 198,285 | 3,918,139 |
Marui Group Co. Ltd. | 195,260 | 3,181,276 |
Maruichi Steel Tube Ltd. | 110,474 | 2,893,419 |
MARUKA FURUSATO Corp. | 36,445 | 549,098 |
Maruwa Co. Ltd. | 4,559 | 1,038,698 |
Matsuda Sangyo Co. Ltd. | 72,632 | 1,136,528 |
Max Co. Ltd. | 58,631 | 1,247,676 |
Maxell Ltd. | 113,923 | 1,184,367 |
McDonald's Holdings Co. Japan Ltd. | 78,100 | 3,637,048 |
MCJ Co. Ltd. | 182,967 | 1,666,226 |
Mebuki Financial Group, Inc. | 1,294,875 | 4,047,187 |
Megachips Corp. | 37,549 | 1,047,418 |
Megmilk Snow Brand Co. Ltd. | 248,768 | 3,738,085 |
Meidensha Corp. | 131,340 | 2,326,334 |
Meiko Electronics Co. Ltd. | 42,063 | 1,377,088 |
MEITEC Group Holdings, Inc. | 85,632 | 1,731,292 |
Menicon Co. Ltd. | 46,935 | 556,465 |
METAWATER Co. Ltd. | 46,772 | 721,877 |
Mimasu Semiconductor Industry Co. Ltd. | 35,544 | 755,194 |
Mirait One Corp. | 317,429 | 3,958,584 |
Mirarth Holdings, Inc. | 287,388 | 937,030 |
Mitsubishi HC Capital, Inc. | 458,470 | 3,164,292 |
Mitsubishi Logisnext Co. Ltd. | 188,374 | 2,084,234 |
Mitsubishi Logistics Corp. | 109,035 | 3,347,470 |
Mitsubishi Pencil Co. Ltd. | 70,999 | 1,126,629 |
Mitsuboshi Belting Ltd. | 26,628 | 883,330 |
Mitsui E&S Co. Ltd. | 293,418 | 3,615,038 |
Mitsui High-Tec, Inc. | 12,950 | 725,847 |
Mitsui Matsushima Holdings Co. Ltd. (a) | 35,546 | 746,924 |
Mitsui-Soko Holdings Co. Ltd. | 62,512 | 1,965,116 |
Miura Co. Ltd. | 88,350 | 1,883,053 |
MIXI, Inc. | 104,100 | 1,717,264 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Mizuho Leasing Co. Ltd. | 35,181 | 1,292,814 |
Mizuno Corp. | 59,200 | 2,080,524 |
Mochida Pharmaceutical Co. Ltd. | 50,560 | 1,104,638 |
Modec, Inc. | 97,089 | 1,978,496 |
Monex Group, Inc. | 174,351 | 1,076,370 |
MonotaRO Co. Ltd. | 83,951 | 803,500 |
Mori Hills REIT Investment Corp. | 688 | 602,638 |
Morinaga & Co. Ltd. | 147,954 | 2,658,664 |
MOS Food Services, Inc. | 34,266 | 818,474 |
Musashi Seimitsu Industry Co. Ltd. | 141,988 | 1,583,337 |
Musashino Bank Ltd. | 45,964 | 890,290 |
Nabtesco Corp. | 196,598 | 3,262,841 |
Nachi-Fujikoshi Corp. | 73,074 | 1,674,643 |
Nakanishi, Inc. | 40,040 | 640,982 |
Nankai Electric Railway Co. Ltd. | 136,898 | 2,675,397 |
Nanto Bank Ltd. | 49,100 | 939,222 |
NEC Networks & System Integration Corp. | 115,978 | 1,897,709 |
NET One Systems Co. Ltd. | 112,138 | 1,948,011 |
Nexon Co. Ltd. | 181,378 | 2,939,955 |
Nextage Co. Ltd. | 35,029 | 571,764 |
Nichias Corp. | 139,393 | 3,660,149 |
Nichicon Corp. | 121,333 | 993,071 |
Nichiha Corp. | 79,348 | 1,842,282 |
Nifco, Inc. | 130,465 | 3,144,166 |
Nihon Chouzai Co. Ltd. | 81,926 | 790,413 |
Nihon Kohden Corp. | 111,194 | 3,078,693 |
Nihon M&A Center Holdings, Inc. | 158,620 | 1,062,978 |
Nihon Parkerizing Co. Ltd. | 213,126 | 1,782,814 |
Nikkiso Co. Ltd. | 180,450 | 1,510,683 |
Nikkon Holdings Co. Ltd. | 127,985 | 2,630,332 |
Nippn Corp. | 163,784 | 2,602,247 |
Nippon Accommodations Fund, Inc. | 205 | 777,978 |
Nippon Building Fund, Inc. | 792 | 3,053,277 |
Nippon Carbon Co. Ltd. | 22,294 | 777,542 |
Nippon Chemi-Con Corp. * | 88,980 | 811,503 |
Nippon Coke & Engineering Co. Ltd. * | 903,566 | 742,558 |
Nippon Denko Co. Ltd. | 345,083 | 691,688 |
Nippon Densetsu Kogyo Co. Ltd. | 112,711 | 1,523,447 |
Nippon Gas Co. Ltd. | 127,553 | 1,998,475 |
Nippon Kanzai Holdings Co. Ltd. | 32,819 | 563,977 |
Nippon Kayaku Co. Ltd. | 392,532 | 3,379,284 |
Nippon Paint Holdings Co. Ltd. | 515,099 | 3,821,858 |
Nippon Prologis REIT, Inc. | 808 | 1,352,875 |
NIPPON REIT Investment Corp. | 295 | 646,489 |
Nippon Road Co. Ltd. | 60,429 | 816,379 |
Nippon Sanso Holdings Corp. | 155,767 | 4,514,714 |
Nippon Sheet Glass Co. Ltd. * | 602,105 | 2,124,083 |
Nippon Shinyaku Co. Ltd. | 51,029 | 1,626,300 |
Nippon Shokubai Co. Ltd. | 108,365 | 4,062,511 |
Nippon Soda Co. Ltd. | 57,004 | 2,338,508 |
Nippon Thompson Co. Ltd. | 176,987 | 772,182 |
Nippon Yakin Kogyo Co. Ltd. | 37,384 | 1,173,948 |
Nipro Corp. | 360,005 | 2,980,198 |
Nishimatsu Construction Co. Ltd. | 76,572 | 2,323,201 |
Nishimatsuya Chain Co. Ltd. | 93,147 | 1,395,929 |
Nishi-Nippon Financial Holdings, Inc. | 188,378 | 2,380,055 |
Nishi-Nippon Railroad Co. Ltd. | 148,268 | 2,385,444 |
Nishio Holdings Co. Ltd. | 60,627 | 1,573,701 |
Nissha Co. Ltd. | 123,050 | 1,229,925 |
Nisshin Oillio Group Ltd. | 89,364 | 3,116,724 |
Nisshinbo Holdings, Inc. | 494,587 | 4,137,255 |
Nitta Corp. | 38,669 | 967,565 |
Nittetsu Mining Co. Ltd. | 42,169 | 1,408,733 |
Nitto Boseki Co. Ltd. | 49,929 | 1,858,118 |
Nitto Kogyo Corp. | 58,811 | 1,803,585 |
Noevir Holdings Co. Ltd. | 17,708 | 617,597 |
NOF Corp. | 69,822 | 3,139,121 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Nohmi Bosai Ltd. | 54,691 | 809,019 |
Nojima Corp. | 337,926 | 3,804,405 |
Nomura Co. Ltd. | 165,089 | 939,773 |
Nomura Real Estate Master Fund, Inc. | 2,691 | 2,677,156 |
Noritake Co. Ltd. | 41,667 | 2,324,577 |
Noritz Corp. | 129,037 | 1,450,125 |
North Pacific Bank Ltd. | 410,195 | 1,093,524 |
NS Solutions Corp. | 50,682 | 1,696,511 |
NS United Kaiun Kaisha Ltd. | 30,879 | 1,095,527 |
NSD Co. Ltd. | 60,335 | 1,150,908 |
NTN Corp. | 1,677,248 | 3,556,882 |
NTT UD REIT Investment Corp. | 871 | 690,771 |
Obic Co. Ltd. | 14,945 | 2,339,057 |
Odakyu Electric Railway Co. Ltd. | 298,866 | 4,203,334 |
Ogaki Kyoritsu Bank Ltd. | 63,391 | 902,137 |
Oiles Corp. | 62,577 | 861,286 |
Okamura Corp. | 179,041 | 2,618,566 |
Okasan Securities Group, Inc. | 219,408 | 1,143,437 |
Oki Electric Industry Co. Ltd. | 482,196 | 3,450,470 |
Okinawa Cellular Telephone Co. | 38,799 | 934,525 |
Okinawa Electric Power Co., Inc. | 256,014 | 1,893,549 |
OKUMA Corp. | 60,300 | 2,841,155 |
Okumura Corp. | 86,411 | 2,938,678 |
Onoken Co. Ltd. | 134,329 | 1,621,785 |
Onward Holdings Co. Ltd. | 329,194 | 1,128,326 |
Open House Group Co. Ltd. | 102,224 | 3,225,107 |
Oracle Corp. | 25,463 | 1,951,364 |
Organo Corp. | 25,514 | 1,307,492 |
Orient Corp. | 162,547 | 1,159,886 |
Orix JREIT, Inc. | 1,569 | 1,657,372 |
Osaka Soda Co. Ltd. | 33,875 | 2,611,863 |
OSG Corp. | 147,972 | 2,075,681 |
Outsourcing, Inc. * | 212,995 | 2,488,286 |
Oyo Corp. | 42,924 | 644,132 |
Pacific Industrial Co. Ltd. | 180,037 | 1,816,368 |
Pack Corp. | 37,136 | 869,658 |
Paramount Bed Holdings Co. Ltd. | 66,633 | 1,110,773 |
Park24 Co. Ltd. * | 122,601 | 1,456,435 |
Pasona Group, Inc. | 67,747 | 1,298,179 |
PHC Holdings Corp. | 61,457 | 500,131 |
Pigeon Corp. | 161,700 | 1,648,655 |
Pilot Corp. | 54,669 | 1,455,210 |
Piolax, Inc. | 52,581 | 982,622 |
Pola Orbis Holdings, Inc. | 133,862 | 1,337,994 |
Press Kogyo Co. Ltd. | 468,785 | 2,104,787 |
Prima Meat Packers Ltd. | 151,282 | 2,291,416 |
Qol Holdings Co. Ltd. | 80,143 | 881,375 |
Raito Kogyo Co. Ltd. | 94,425 | 1,202,472 |
Rakuten Group, Inc. * | 793,107 | 4,345,211 |
Relo Group, Inc. | 83,313 | 670,757 |
Resorttrust, Inc. | 72,957 | 1,257,871 |
Retail Partners Co. Ltd. | 175,261 | 2,046,878 |
Rinnai Corp. | 188,685 | 4,398,490 |
Rohto Pharmaceutical Co. Ltd. | 123,078 | 2,500,703 |
Round One Corp. | 193,438 | 902,116 |
Ryobi Ltd. | 135,189 | 2,272,570 |
Ryosan Co. Ltd. | 87,101 | 3,130,911 |
Ryoyo Electro Corp. | 37,511 | 1,038,839 |
S Foods, Inc. | 88,921 | 1,856,605 |
Saibu Gas Holdings Co. Ltd. | 83,359 | 1,056,538 |
Saizeriya Co. Ltd. | 32,386 | 1,058,111 |
Sakai Chemical Industry Co. Ltd. | 75,132 | 1,002,463 |
Sakai Moving Service Co. Ltd. | 40,556 | 704,792 |
Sakata Seed Corp. | 31,890 | 773,440 |
SAMTY Co. Ltd. | 42,601 | 702,759 |
San-A Co. Ltd. | 50,393 | 1,550,476 |
Sangetsu Corp. | 101,587 | 2,392,558 |
San-In Godo Bank Ltd. | 177,248 | 1,359,529 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Sanken Electric Co. Ltd. | 21,834 | 1,099,651 |
Sanki Engineering Co. Ltd. | 180,910 | 2,410,199 |
Sankyo Co. Ltd. | 178,555 | 2,040,015 |
Sanoh Industrial Co. Ltd. | 132,079 | 932,769 |
Sanyo Chemical Industries Ltd. | 39,849 | 1,131,544 |
Sanyo Denki Co. Ltd. | 19,862 | 887,798 |
Sanyo Special Steel Co. Ltd. | 61,870 | 932,990 |
Sapporo Holdings Ltd. | 94,369 | 4,156,347 |
Sato Holdings Corp. | 67,151 | 1,005,897 |
SBS Holdings, Inc. | 30,882 | 493,551 |
SCREEN Holdings Co. Ltd. | 78,118 | 9,778,451 |
Scroll Corp. | 98,751 | 620,204 |
SCSK Corp. | 154,260 | 2,844,642 |
Sega Sammy Holdings, Inc. | 202,289 | 2,536,891 |
Seibu Holdings, Inc. | 275,289 | 3,980,259 |
Seiko Group Corp. | 74,427 | 1,733,000 |
Seiren Co. Ltd. | 72,180 | 1,235,553 |
Sekisui House REIT, Inc. | 1,869 | 925,322 |
Sekisui Jushi Corp. | 51,240 | 876,424 |
Senko Group Holdings Co. Ltd. | 409,592 | 2,919,988 |
Senshu Ikeda Holdings, Inc. | 385,772 | 987,176 |
Seria Co. Ltd. | 125,100 | 2,528,413 |
Seven Bank Ltd. (a) | 880,262 | 1,759,701 |
Shibaura Machine Co. Ltd. | 42,306 | 1,037,369 |
Shiga Bank Ltd. | 44,983 | 1,241,263 |
Shindengen Electric Manufacturing Co. Ltd. | 29,910 | 618,504 |
Shin-Etsu Polymer Co. Ltd. | 72,034 | 761,394 |
Shinko Electric Industries Co. Ltd. | 49,784 | 1,802,163 |
Shinmaywa Industries Ltd. | 207,561 | 1,687,725 |
Ship Healthcare Holdings, Inc. | 172,119 | 2,501,228 |
Shizuoka Gas Co. Ltd. | 203,354 | 1,256,781 |
SHO-BOND Holdings Co. Ltd. | 30,283 | 1,297,149 |
Shoei Foods Corp. | 28,824 | 901,292 |
Siix Corp. | 122,298 | 1,336,805 |
Sinfonia Technology Co. Ltd. | 76,966 | 1,374,558 |
SKY Perfect JSAT Holdings, Inc. | 324,643 | 1,928,293 |
Skylark Holdings Co. Ltd. | 262,237 | 3,823,085 |
Sodick Co. Ltd. | 148,048 | 735,937 |
Sotetsu Holdings, Inc. | 105,381 | 1,911,602 |
Square Enix Holdings Co. Ltd. | 90,256 | 3,825,644 |
Star Micronics Co. Ltd. | 68,683 | 828,308 |
Starts Corp., Inc. | 72,173 | 1,458,698 |
Sugi Holdings Co. Ltd. | 266,046 | 4,176,355 |
Sumida Corp. | 62,308 | 505,391 |
Sumitomo Bakelite Co. Ltd. | 52,710 | 3,028,703 |
Sumitomo Mitsui Construction Co. Ltd. | 897,422 | 2,596,270 |
Sumitomo Osaka Cement Co. Ltd. | 130,191 | 3,096,679 |
Sumitomo Pharma Co. Ltd. | 758,940 | 1,886,321 |
Sumitomo Seika Chemicals Co. Ltd. | 33,917 | 1,121,729 |
Sumitomo Warehouse Co. Ltd. | 104,168 | 1,794,944 |
Sun Frontier Fudousan Co. Ltd. | 62,618 | 694,500 |
Suruga Bank Ltd. | 329,722 | 1,780,019 |
SWCC Corp. | 73,002 | 1,641,289 |
Systena Corp. | 305,405 | 587,670 |
Tachi-S Co. Ltd. | 158,514 | 2,169,016 |
Tadano Ltd. | 234,128 | 1,980,397 |
Taikisha Ltd. | 74,619 | 2,363,159 |
Taisho Pharmaceutical Holdings Co. Ltd. | 37,434 | 2,145,946 |
Taiyo Holdings Co. Ltd. | 46,236 | 1,000,900 |
Takamatsu Construction Group Co. Ltd. | 69,868 | 1,326,684 |
Takaoka Toko Co. Ltd. | 45,467 | 744,569 |
Takara Holdings, Inc. | 388,927 | 3,259,898 |
Takara Standard Co. Ltd. | 155,503 | 1,914,826 |
Takasago Thermal Engineering Co. Ltd. | 139,466 | 4,067,409 |
Takeuchi Manufacturing Co. Ltd. (a) | 54,982 | 1,932,287 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Takuma Co. Ltd. | 144,563 | 1,878,633 |
Tama Home Co. Ltd. | 25,008 | 700,932 |
Tamura Corp. | 188,661 | 695,803 |
Tanseisha Co. Ltd. | 165,084 | 875,771 |
TBS Holdings, Inc. | 70,013 | 1,839,788 |
TechnoPro Holdings, Inc. | 76,451 | 1,530,603 |
T-Gaia Corp. | 92,830 | 1,318,611 |
THK Co. Ltd. | 200,781 | 4,418,872 |
TKC Corp. | 31,621 | 782,761 |
Toa Corp. | 49,438 | 1,687,901 |
Toagosei Co. Ltd. | 305,801 | 3,150,566 |
Tocalo Co. Ltd. | 81,640 | 940,385 |
Toda Corp. | 640,659 | 3,964,578 |
Toei Co. Ltd. | 7,361 | 1,010,189 |
Toho Co. Ltd. | 86,201 | 2,800,222 |
Toho Zinc Co. Ltd. | 81,982 | 551,586 |
Tokai Carbon Co. Ltd. | 400,482 | 2,640,179 |
TOKAI Holdings Corp. | 337,521 | 2,297,948 |
Tokai Rika Co. Ltd. | 244,535 | 4,006,146 |
Tokai Tokyo Financial Holdings, Inc. | 263,864 | 1,045,442 |
Token Corp. | 35,318 | 2,244,098 |
Tokushu Tokai Paper Co. Ltd. | 27,680 | 722,191 |
Tokyo Century Corp. | 291,580 | 3,044,963 |
Tokyo Ohka Kogyo Co. Ltd. | 100,691 | 3,099,375 |
Tokyo Seimitsu Co. Ltd. | 45,925 | 3,137,457 |
Tokyo Steel Manufacturing Co. Ltd. | 144,085 | 1,605,758 |
Tokyo Tatemono Co. Ltd. | 315,308 | 4,572,566 |
Tokyu Construction Co. Ltd. | 316,881 | 1,759,391 |
Tokyu REIT, Inc. | 493 | 534,602 |
TOMONY Holdings, Inc. | 266,969 | 733,108 |
Tomy Co. Ltd. | 160,858 | 2,866,899 |
Topcon Corp. | 154,930 | 1,838,933 |
Topre Corp. | 228,089 | 3,742,811 |
Toshiba TEC Corp. | 65,413 | 1,367,961 |
Totetsu Kogyo Co. Ltd. | 85,114 | 1,734,467 |
Towa Pharmaceutical Co. Ltd. | 67,559 | 1,258,917 |
Toyo Construction Co. Ltd. | 175,460 | 1,674,062 |
Toyo Tire Corp. | 287,331 | 5,202,559 |
Toyobo Co. Ltd. | 503,165 | 3,734,992 |
Toyota Boshoku Corp. | 241,862 | 3,830,653 |
TPR Co. Ltd. | 166,802 | 2,406,130 |
Trancom Co. Ltd. | 22,303 | 935,811 |
Transcosmos, Inc. | 73,227 | 1,487,339 |
Trend Micro, Inc. | 88,840 | 4,407,870 |
Trusco Nakayama Corp. | 105,458 | 1,637,498 |
TSI Holdings Co. Ltd. | 294,511 | 1,288,867 |
Tsubaki Nakashima Co. Ltd. | 137,967 | 709,792 |
Tsubakimoto Chain Co. | 123,386 | 4,023,009 |
Tsugami Corp. | 92,592 | 732,471 |
Tsumura & Co. | 116,889 | 2,155,500 |
TV Asahi Holdings Corp. | 84,821 | 1,100,004 |
UACJ Corp. | 139,865 | 3,840,751 |
Uchida Yoko Co. Ltd. | 27,825 | 1,446,372 |
Ulvac, Inc. | 80,998 | 4,984,243 |
Unipres Corp. | 320,914 | 2,345,693 |
United Arrows Ltd. | 88,552 | 1,044,259 |
United Super Markets Holdings, Inc. (a) | 364,219 | 2,431,047 |
United Urban Investment Corp. | 1,886 | 1,783,049 |
Ushio, Inc. | 171,890 | 2,276,248 |
USS Co. Ltd. | 164,790 | 2,868,713 |
UT Group Co. Ltd. * | 38,665 | 906,756 |
V Technology Co. Ltd. (a) | 46,881 | 809,384 |
Valor Holdings Co. Ltd. | 240,828 | 3,893,925 |
Valqua Ltd. | 28,713 | 920,842 |
VT Holdings Co. Ltd. | 309,898 | 1,078,752 |
Wacoal Holdings Corp. | 102,409 | 2,497,447 |
Wacom Co. Ltd. | 254,318 | 1,067,092 |
Warabeya Nichiyo Holdings Co. Ltd. | 88,821 | 1,621,293 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Welcia Holdings Co. Ltd. (a) | 189,504 | 3,578,127 |
Workman Co. Ltd. (a) | 32,182 | 870,830 |
World Co. Ltd. | 81,862 | 1,056,707 |
Xebio Holdings Co. Ltd. | 151,100 | 989,363 |
YAMABIKO Corp. | 118,436 | 1,461,557 |
Yamaguchi Financial Group, Inc. | 222,543 | 2,258,588 |
Yamato Kogyo Co. Ltd. | 37,756 | 2,106,385 |
Yamazen Corp. | 326,192 | 2,763,489 |
Yaoko Co. Ltd. | 45,010 | 2,589,872 |
Yellow Hat Ltd. | 100,660 | 1,314,155 |
Yodogawa Steel Works Ltd. | 84,419 | 2,518,413 |
Yokogawa Bridge Holdings Corp. | 77,735 | 1,479,183 |
Yokowo Co. Ltd. | 68,304 | 718,317 |
Yondoshi Holdings, Inc. (a) | 54,137 | 687,609 |
Yoshinoya Holdings Co. Ltd. | 69,420 | 1,476,804 |
Yuasa Trading Co. Ltd. | 75,685 | 2,538,509 |
Zenkoku Hosho Co. Ltd. | 33,501 | 1,229,959 |
Zensho Holdings Co. Ltd. | 60,702 | 2,657,715 |
Zeon Corp. | 349,935 | 2,969,316 |
ZERIA Pharmaceutical Co. Ltd. | 42,391 | 600,447 |
Zojirushi Corp. | 68,283 | 638,257 |
ZOZO, Inc. | 60,955 | 1,382,249 |
1,135,028,551 | ||
Luxembourg 0.0% | ||
Espirito Santo Financial Group SA *(b) | 8,470 | 0 |
Netherlands 1.6% | ||
Adyen NV * | 2,594 | 4,098,363 |
Allfunds Group PLC | 170,125 | 1,207,702 |
AMG Critical Materials NV | 19,086 | 436,004 |
Arcadis NV | 69,842 | 4,073,738 |
ASM International NV | 9,504 | 5,797,518 |
Basic-Fit NV *(a) | 21,804 | 587,521 |
BE Semiconductor Industries NV | 26,876 | 4,861,369 |
Corbion NV | 69,924 | 1,325,708 |
Eurocommercial Properties NV | 54,075 | 1,159,227 |
ForFarmers NV | 324,106 | 850,524 |
Fugro NV * | 116,543 | 2,572,788 |
IMCD NV | 26,510 | 4,042,112 |
JDE Peet's NV | 78,560 | 1,797,190 |
Just Eat Takeaway.com NV * | 108,886 | 1,793,388 |
Koninklijke BAM Groep NV | 889,080 | 3,176,914 |
Koninklijke Heijmans NV | 89,758 | 1,507,483 |
Koninklijke Vopak NV | 78,193 | 2,909,118 |
OCI NV | 94,504 | 2,490,215 |
PostNL NV | 1,438,658 | 2,041,801 |
Sligro Food Group NV | 102,900 | 1,467,636 |
TKH Group NV | 58,297 | 2,433,863 |
Van Lanschot Kempen NV | 29,827 | 1,015,121 |
Wereldhave NV | 65,365 | 945,016 |
52,590,319 | ||
New Zealand 0.9% | ||
a2 Milk Co. Ltd. * | 562,308 | 2,124,035 |
Auckland International Airport Ltd. | 347,152 | 1,713,169 |
Chorus Ltd. | 408,837 | 1,980,218 |
Contact Energy Ltd. | 843,108 | 4,145,266 |
EBOS Group Ltd. | 168,421 | 3,791,458 |
Fisher & Paykel Healthcare Corp. Ltd. | 230,036 | 3,433,662 |
Freightways Group Ltd. | 142,719 | 736,480 |
Infratil Ltd. | 215,400 | 1,353,007 |
Mainfreight Ltd. | 62,668 | 2,587,110 |
Mercury NZ Ltd. | 481,374 | 1,959,091 |
Meridian Energy Ltd. | 972,046 | 3,541,470 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Ryman Healthcare Ltd. * | 247,798 | 700,505 |
28,065,471 | ||
Norway 1.6% | ||
Aker ASA, A Shares | 17,929 | 969,249 |
Aker Solutions ASA | 279,680 | 941,480 |
Atea ASA | 155,728 | 1,827,730 |
Austevoll Seafood ASA | 232,550 | 1,766,189 |
Bakkafrost P | 28,979 | 1,812,683 |
Borregaard ASA | 75,472 | 1,310,173 |
BW LPG Ltd. | 121,129 | 1,401,082 |
BW Offshore Ltd. | 346,186 | 832,865 |
DNO ASA | 1,562,086 | 1,331,551 |
Elkem ASA | 859,382 | 1,707,534 |
Elmera Group ASA | 475,932 | 1,480,882 |
Europris ASA | 195,204 | 1,347,187 |
Gjensidige Forsikring ASA | 159,263 | 2,518,337 |
Grieg Seafood ASA | 90,071 | 548,112 |
Kongsberg Automotive ASA * | 3,493,560 | 561,976 |
Kongsberg Gruppen ASA | 35,663 | 2,276,201 |
Leroy Seafood Group ASA | 473,121 | 2,093,485 |
Odfjell Drilling Ltd. | 230,731 | 974,146 |
PGS ASA * | 1,577,765 | 1,016,688 |
Salmar ASA | 47,751 | 3,033,755 |
Schibsted ASA, A Shares | 45,171 | 1,349,259 |
Schibsted ASA, B Shares | 58,588 | 1,631,736 |
SpareBank 1 Nord Norge | 144,677 | 1,386,814 |
SpareBank 1 SMN | 165,414 | 2,253,535 |
SpareBank 1 SR-Bank ASA | 159,082 | 1,927,130 |
Stolt-Nielsen Ltd. | 45,468 | 1,707,315 |
Storebrand ASA | 418,775 | 3,743,955 |
TGS ASA | 143,559 | 1,415,375 |
TOMRA Systems ASA | 124,063 | 1,653,900 |
Var Energi ASA | 432,623 | 1,322,859 |
Veidekke ASA | 193,294 | 2,009,670 |
Wallenius Wilhelmsen ASA | 152,373 | 1,463,459 |
51,616,312 | ||
Poland 1.5% | ||
Alior Bank SA * | 151,710 | 3,648,283 |
Allegro.eu SA * | 116,122 | 938,929 |
Asseco Poland SA | 134,900 | 2,535,358 |
Bank Millennium SA * | 511,623 | 1,282,297 |
Bank Polska Kasa Opieki SA | 158,115 | 6,859,223 |
CCC SA * | 70,417 | 1,341,982 |
CD Projekt SA | 21,684 | 596,488 |
Cyfrowy Polsat SA * | 919,222 | 2,701,492 |
Dino Polska SA * | 11,748 | 1,368,965 |
Enea SA * | 1,288,243 | 3,157,696 |
Grupa Azoty SA * | 230,515 | 1,300,581 |
Grupa Kety SA | 13,108 | 2,317,295 |
Jastrzebska Spolka Weglowa SA * | 177,231 | 1,831,907 |
Kernel Holding SA * | 763,754 | 2,489,732 |
KRUK SA | 9,025 | 951,406 |
LPP SA | 613 | 2,757,647 |
mBank SA * | 9,315 | 1,623,392 |
Orange Polska SA | 1,758,995 | 3,602,766 |
Pepco Group NV * | 108,330 | 543,837 |
Santander Bank Polska SA | 22,821 | 3,144,547 |
Tauron Polska Energia SA * | 4,835,166 | 4,387,890 |
49,381,713 | ||
Portugal 0.3% | ||
CTT-Correios de Portugal SA | 187,190 | 736,334 |
EDP Renovaveis SA | 77,960 | 1,062,570 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Navigator Co. SA | 451,702 | 1,836,946 |
NOS SGPS SA | 497,027 | 1,729,751 |
REN - Redes Energeticas Nacionais SGPS SA | 543,793 | 1,288,740 |
Sonae SGPS SA | 2,877,287 | 2,648,165 |
9,302,506 | ||
Republic of Korea 7.8% | ||
AJ Networks Co. Ltd. | 173,987 | 615,409 |
AMOREPACIFIC Group | 94,430 | 1,889,876 |
Asia Paper Manufacturing Co. Ltd. | 21,626 | 778,737 |
Asiana Airlines, Inc. * | 170,925 | 1,494,118 |
BGF retail Co. Ltd. | 13,489 | 1,338,162 |
BH Co. Ltd. | 41,732 | 534,969 |
Celltrion, Inc. | 33,837 | 4,566,318 |
Cheil Worldwide, Inc. | 143,146 | 1,988,736 |
Chong Kun Dang Pharmaceutical Corp. | 13,329 | 1,083,056 |
CJ ENM Co. Ltd. * | 42,580 | 2,538,940 |
CJ Logistics Corp. * | 42,292 | 3,950,980 |
Com2uSCorp | 19,817 | 633,977 |
Cosmax, Inc. | 9,461 | 764,497 |
Daeduck Electronics Co. Ltd. * | 52,875 | 883,500 |
Daehan Flour Mill Co. Ltd. | 6,771 | 704,253 |
Daesang Corp. * | 110,982 | 1,637,726 |
Daesang Holdings Co. Ltd. * | 127,412 | 1,086,006 |
Daewoo Engineering & Construction Co. Ltd. * | 814,523 | 2,434,516 |
Daou Technology, Inc. | 110,780 | 1,805,291 |
DB HiTek Co. Ltd. | 41,166 | 1,434,442 |
DGB Financial Group, Inc. | 549,107 | 3,653,566 |
DL Holdings Co. Ltd. * | 38,511 | 1,376,632 |
Dongjin Semichem Co. Ltd. | 22,973 | 641,781 |
Dongkuk CM Co. Ltd. | 128,118 | 633,085 |
Dongkuk Holdings Co. Ltd. | 67,348 | 423,327 |
Dongkuk Steel Mill Co. Ltd. | 201,889 | 1,955,819 |
Doosan Bobcat, Inc. | 40,852 | 1,440,374 |
Doosan Co. Ltd. * | 31,301 | 2,139,074 |
Easy Holdings Co. Ltd. | 321,964 | 718,108 |
Fila Holdings Corp. | 100,948 | 2,911,087 |
Gradiant Corp. | 70,596 | 735,331 |
Green Cross Corp. | 7,570 | 670,249 |
Green Cross Holdings Corp. | 61,095 | 757,035 |
GS Global Corp. | 346,618 | 761,383 |
GS Retail Co. Ltd. | 149,765 | 2,508,080 |
Handsome Co. Ltd. | 66,553 | 955,612 |
Hanmi Pharm Co. Ltd. | 3,280 | 822,710 |
Hanon Systems | 291,121 | 1,348,916 |
Hansae Co. Ltd. | 42,078 | 644,631 |
Hanshin Construction Co. Ltd. * | 119,306 | 647,779 |
Hansol Chemical Co. Ltd. * | 5,833 | 745,990 |
Hansol Paper Co. Ltd. | 139,217 | 1,124,944 |
Hanssem Co. Ltd. | 19,555 | 710,771 |
Hanwha Aerospace Co. Ltd. | 29,881 | 4,207,485 |
Hanwha General Insurance Co. Ltd. * | 628,553 | 2,265,736 |
Hanwha Life Insurance Co. Ltd. * | 1,716,043 | 4,059,429 |
Hanwha Ocean Co. Ltd. * | 92,935 | 1,647,091 |
Harim Holdings Co. Ltd. | 278,070 | 1,616,298 |
HD Hyundai Construction Equipment Co. Ltd. | 33,164 | 1,339,909 |
HD Hyundai Heavy Industries Co. Ltd. | 8,153 | 721,867 |
HD Hyundai Infracore Co. Ltd. | 218,588 | 1,321,443 |
HDC Hyundai Development Co-Engineering & Construction, Class E | 302,946 | 4,520,529 |
Hite Jinro Co. Ltd. | 57,731 | 865,792 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
HL Mando Co. Ltd. | 98,787 | 2,459,289 |
Hotel Shilla Co. Ltd. | 29,594 | 1,335,686 |
Hyosung Advanced Materials Corp. | 3,998 | 1,001,301 |
Hyosung Chemical Corp. * | 10,784 | 546,651 |
Hyosung Corp. | 27,146 | 1,219,083 |
Hyosung Heavy Industries Corp. | 12,877 | 1,860,570 |
Hyosung TNC Corp. | 12,778 | 2,782,833 |
HYUNDAI Corp. | 57,813 | 815,790 |
Hyundai Department Store Co. Ltd. | 52,525 | 2,066,920 |
Hyundai Elevator Co. Ltd. * | 37,787 | 1,132,248 |
Hyundai GF Holdings | 225,297 | 716,531 |
Hyundai Green Food | 113,453 | 998,550 |
Hyundai Mipo Dockyard Co. Ltd. | 22,579 | 1,066,551 |
Hyundai Rotem Co. Ltd. | 39,295 | 987,097 |
Hyundai Wia Corp. * | 76,553 | 3,455,118 |
Innocean Worldwide, Inc. | 48,106 | 791,170 |
INTOPS Co. Ltd. | 31,278 | 681,182 |
IS Dongseo Co. Ltd. | 33,344 | 692,371 |
JB Financial Group Co. Ltd. | 325,436 | 3,216,234 |
Kakao Corp. | 73,409 | 2,938,345 |
Kangwon Land, Inc. * | 118,502 | 1,546,684 |
KCC Corp. | 11,725 | 2,337,780 |
KCC Glass Corp. | 35,012 | 1,079,335 |
KEPCO Plant Service & Engineering Co. Ltd. * | 46,288 | 1,293,116 |
KG Chemical Corp. | 153,184 | 731,639 |
KISWIRE Ltd. * | 53,467 | 911,461 |
KIWOOM Securities Co. Ltd. * | 19,792 | 1,868,320 |
Kolmar Korea Co. Ltd. | 18,896 | 673,337 |
Kolon Corp. | 76,593 | 986,460 |
Kolon Industries, Inc. | 84,250 | 2,451,703 |
Korea Aerospace Industries Ltd. * | 32,657 | 1,258,114 |
Korea Electric Terminal Co. Ltd. | 19,271 | 918,976 |
Korea Investment Holdings Co. Ltd. * | 80,910 | 4,314,066 |
Korea Line Corp. * | 424,434 | 655,010 |
Korea Petrochemical Ind Co. Ltd. | 16,156 | 1,728,920 |
Korean Reinsurance Co. | 370,807 | 2,238,877 |
Krafton, Inc. * | 13,320 | 2,270,682 |
Kukdo Chemical Co. Ltd. | 21,199 | 630,430 |
Kumho Tire Co., Inc. * | 238,709 | 1,131,161 |
KUMHOE&C Co. Ltd. * | 197,875 | 745,969 |
Kwang Dong Pharmaceutical Co. Ltd. | 154,295 | 841,230 |
Kyeryong Construction Industrial Co. Ltd. | 51,394 | 571,602 |
LG Energy Solution Ltd. * | 6,644 | 2,003,279 |
Lotte Chilsung Beverage Co. Ltd. | 7,334 | 691,211 |
Lotte Corp. | 73,343 | 1,663,381 |
LOTTE Fine Chemical Co. Ltd. | 43,519 | 1,552,382 |
Lotte Rental Co. Ltd. | 62,411 | 1,265,468 |
LS Corp. | 59,745 | 3,943,816 |
LS Electric Co. Ltd. | 31,355 | 1,509,354 |
LX Hausys Ltd. | 50,421 | 1,548,677 |
LX International Corp. | 148,760 | 3,066,583 |
LX Semicon Co. Ltd. | 16,035 | 905,551 |
Mcnex Co. Ltd. | 34,226 | 652,854 |
Meritz Financial Group, Inc. | 132,112 | 8,244,598 |
Mirae Asset Securities Co. Ltd. * | 453,889 | 3,074,556 |
NCSoft Corp. | 16,977 | 2,473,369 |
Netmarble Corp. * | 18,141 | 840,568 |
Nexen Tire Corp. * | 136,762 | 955,157 |
NH Investment & Securities Co. Ltd. * | 255,981 | 2,256,847 |
NHN Corp. | 44,217 | 881,617 |
NongShim Co. Ltd. | 5,763 | 1,506,101 |
OCI Co. Ltd. | 10,408 | 660,466 |
OCI Holdings Co. Ltd. | 25,419 | 1,794,372 |
Orion Corp. | 23,184 | 1,617,448 |
Orion Holdings Corp. | 75,529 | 811,103 |
Pan Ocean Co. Ltd. | 406,948 | 1,486,784 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Partron Co. Ltd. | 157,166 | 927,700 |
Poongsan Corp. | 79,913 | 2,589,551 |
POSCO Future M Co. Ltd. * | 2,858 | 680,374 |
S-1 Corp. | 46,488 | 2,028,351 |
Samchully Co. Ltd. * | 12,335 | 931,887 |
Samsung Card Co. Ltd. * | 75,546 | 2,130,334 |
Samsung Engineering Co. Ltd. * | 153,777 | 2,840,879 |
Samsung Heavy Industries Co. Ltd. * | 426,961 | 2,533,037 |
Samsung Securities Co. Ltd. | 95,195 | 2,970,376 |
SAMT Co. Ltd. | 344,260 | 714,838 |
Samyang Corp. | 21,105 | 765,524 |
Samyang Holdings Corp. | 30,603 | 1,673,099 |
SD Biosensor, Inc. * | 73,930 | 696,772 |
SeAH Besteel Holdings Corp. | 64,043 | 1,240,845 |
SeAH Steel Corp. | 5,695 | 575,659 |
SeAH Steel Holdings Corp. | 5,224 | 839,543 |
Sebang Global Battery Co. Ltd. | 24,985 | 1,493,546 |
Seegene, Inc. | 52,042 | 973,149 |
Seohan Co. Ltd. * | 873,081 | 570,427 |
Seohee Construction Co. Ltd. | 908,767 | 870,822 |
Seoul Semiconductor Co. Ltd. * | 110,914 | 828,773 |
Seoyon E-Hwa Co. Ltd. * | 59,737 | 887,352 |
SFA Engineering Corp. | 54,218 | 1,015,875 |
Shinsegae, Inc. | 24,452 | 3,209,830 |
SIMMTECH Co. Ltd. | 26,690 | 571,241 |
SK Chemicals Co. Ltd. | 23,885 | 1,217,927 |
SK Discovery Co. Ltd. | 68,455 | 2,246,533 |
SK Gas Ltd. | 12,314 | 1,465,732 |
SK Networks Co. Ltd. * | 969,930 | 4,770,983 |
SKC Co. Ltd. * | 20,471 | 1,272,904 |
SL Corp. | 34,646 | 878,118 |
SNT Motiv Co. Ltd. | 21,353 | 712,782 |
Songwon Industrial Co. Ltd. | 48,545 | 555,592 |
Soulbrain Co. Ltd. | 5,699 | 1,164,109 |
SSANGYONG C&E Co. Ltd. | 190,350 | 997,779 |
Sungwoo Hitech Co. Ltd. | 209,409 | 1,545,878 |
TKG Huchems Co. Ltd. | 48,419 | 729,048 |
Unid Co. Ltd. | 14,131 | 825,617 |
WONIK IPS Co. Ltd. * | 38,936 | 959,072 |
Young Poong Corp. * | 2,454 | 928,819 |
Youngone Corp. * | 63,033 | 2,082,797 |
Youngone Holdings Co. Ltd. | 22,044 | 1,509,772 |
Yuhan Corp. | 35,212 | 1,782,284 |
250,614,836 | ||
Singapore 1.2% | ||
CapitaLand Ascendas REIT | 1,439,893 | 2,934,186 |
CapitaLand Ascott Trust | 1,261,217 | 839,498 |
CapitaLand China Trust | 833,016 | 458,450 |
CapitaLand Integrated Commercial Trust | 1,699,492 | 2,477,320 |
CapitaLand Investment Ltd. | 1,065,338 | 2,202,618 |
City Developments Ltd. | 399,489 | 1,684,592 |
First Resources Ltd. | 692,855 | 731,708 |
Frasers Logistics & Commercial Trust | 905,973 | 694,000 |
Genting Singapore Ltd. | 4,283,001 | 2,898,655 |
Hutchison Port Holdings Trust, Class U | 16,682,561 | 2,202,098 |
Keppel Infrastructure Trust | 4,365,193 | 1,590,766 |
Manulife U.S. Real Estate Investment Trust * | 6,055,134 | 333,032 |
Mapletree Industrial Trust | 684,798 | 1,166,285 |
Mapletree Logistics Trust | 1,018,060 | 1,120,578 |
Mapletree Pan Asia Commercial Trust | 756,426 | 759,464 |
Netlink NBN Trust | 1,598,751 | 998,774 |
Olam Group Ltd. | 2,760,486 | 2,011,956 |
SATS Ltd. * | 608,195 | 1,185,089 |
Seatrium Ltd. * | 8,270,544 | 553,584 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Sembcorp Industries Ltd. | 696,363 | 2,641,270 |
Singapore Exchange Ltd. | 381,064 | 2,678,161 |
Singapore Technologies Engineering Ltd. | 1,267,368 | 3,751,394 |
Suntec Real Estate Investment Trust | 1,002,498 | 864,865 |
UOL Group Ltd. | 472,981 | 2,071,886 |
38,850,229 | ||
Spain 1.3% | ||
Abengoa SA, B Shares *(b) | 192,522,094 | 208 |
Almirall SA | 73,807 | 632,573 |
Applus Services SA | 207,733 | 2,562,701 |
Atresmedia Corp. de Medios de Comunicacion SA | 163,074 | 667,412 |
Bankinter SA | 499,836 | 3,173,988 |
Cellnex Telecom SA * | 89,150 | 3,209,680 |
Cia de Distribucion Integral Logista Holdings SA | 64,430 | 1,731,918 |
CIE Automotive SA | 56,322 | 1,500,561 |
Construcciones y Auxiliar de Ferrocarriles SA | 31,310 | 1,109,640 |
Corp. ACCIONA Energias Renovables SA (a) | 24,820 | 513,006 |
Ebro Foods SA | 147,659 | 2,329,727 |
Ence Energia y Celulosa SA | 203,936 | 629,406 |
Faes Farma SA | 307,795 | 999,241 |
Fluidra SA | 80,367 | 1,875,055 |
Gestamp Automocion SA | 474,700 | 1,505,132 |
Indra Sistemas SA | 113,745 | 2,174,986 |
Inmobiliaria Colonial Socimi SA | 191,069 | 1,037,962 |
Linea Directa Aseguradora SA Cia de Seguros y Reaseguros | 1,075,885 | 1,066,471 |
Melia Hotels International SA * | 112,898 | 805,118 |
Merlin Properties Socimi SA | 355,919 | 3,372,057 |
Obrascon Huarte Lain SA *(a) | 1,528,296 | 637,392 |
Prosegur Compania de Seguridad SA | 984,202 | 1,887,277 |
Sacyr SA | 691,492 | 2,268,840 |
Unicaja Banco SA | 896,810 | 916,621 |
Vidrala SA | 15,788 | 1,621,366 |
Viscofan SA | 36,356 | 2,049,753 |
40,278,091 | ||
Sweden 4.0% | ||
AAK AB | 142,353 | 3,142,168 |
AddLife AB, B Shares | 71,560 | 692,263 |
AddTech AB, B Shares | 58,814 | 1,301,616 |
AFRY AB | 166,355 | 2,618,928 |
Ambea AB | 212,680 | 1,258,924 |
Arjo AB, B Shares | 329,715 | 1,561,354 |
Attendo AB * | 290,621 | 1,042,000 |
Avanza Bank Holding AB | 33,507 | 737,012 |
Axfood AB | 110,165 | 3,081,122 |
Beijer Alma AB | 38,621 | 650,934 |
Beijer Ref AB | 90,388 | 1,271,859 |
Betsson AB, Class B | 151,965 | 1,503,870 |
Bilia AB, A Shares | 216,761 | 2,784,023 |
Billerud Aktiebolag | 418,715 | 3,569,869 |
Bonava AB * | 1,129,808 | 853,843 |
Bonava AB, B Shares *(a) | 564,904 | 428,559 |
Bravida Holding AB | 270,608 | 2,302,696 |
Byggmax Group AB * | 294,325 | 965,965 |
Castellum AB * | 225,307 | 2,702,173 |
Clas Ohlson AB, B Shares | 104,478 | 1,782,117 |
Cloetta AB, B Shares | 473,784 | 818,681 |
Coor Service Management Holding AB | 236,492 | 1,022,080 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Dometic Group AB | 469,338 | 3,755,629 |
Dustin Group AB *(a) | 674,073 | 736,126 |
Electrolux Professional AB, B Shares | 170,630 | 1,086,694 |
Elekta AB, B Shares (a) | 339,218 | 2,456,740 |
EQT AB | 59,013 | 1,728,053 |
Evolution AB | 19,552 | 2,534,639 |
Fabege AB | 143,486 | 1,173,686 |
Fastighets AB Balder, B Shares * | 258,899 | 1,608,822 |
Getinge AB, B Shares | 202,152 | 4,008,871 |
Granges AB | 194,772 | 1,897,377 |
Hexpol AB | 268,035 | 3,111,008 |
Holmen AB, B Shares | 90,380 | 3,631,813 |
Indutrade AB | 124,171 | 3,288,042 |
Instalco AB | 158,241 | 576,537 |
Intrum AB (a) | 379,115 | 1,257,067 |
Investment AB Latour, B Shares | 43,358 | 1,100,349 |
Inwido AB | 92,553 | 1,191,410 |
JM AB | 194,034 | 3,020,926 |
Kinnevik AB, B Shares * | 327,873 | 3,474,409 |
L E Lundbergforetagen AB, B Shares | 52,314 | 2,846,381 |
Lagercrantz Group AB, B Shares | 59,204 | 859,385 |
Lifco AB, B Shares | 68,341 | 1,821,555 |
Lindab International AB | 93,833 | 1,969,618 |
Loomis AB | 117,769 | 3,184,530 |
MEKO AB | 95,644 | 1,074,065 |
Mycronic AB | 41,028 | 1,352,077 |
NCC AB, B Shares | 299,366 | 4,056,179 |
New Wave Group AB, B Shares | 97,474 | 1,192,208 |
Nibe Industrier AB, B Shares | 399,326 | 2,229,830 |
Nobia AB *(a) | 1,366,405 | 1,024,066 |
Nolato AB, B Shares | 226,709 | 942,991 |
Pandox AB | 67,500 | 1,017,642 |
Peab AB, B Shares | 834,143 | 4,598,994 |
Ratos AB, B Shares | 589,305 | 1,970,529 |
Resurs Holding AB | 450,544 | 640,061 |
Saab AB, B Shares | 62,107 | 4,900,159 |
Sagax AB, B Shares | 28,882 | 683,570 |
Samhallsbyggnadsbolaget i Norden AB (a) | 2,016,105 | 714,091 |
Samhallsbyggnadsbolaget i Norden AB, D Shares *(a) | 23,884 | 10,311 |
Scandi Standard AB | 163,482 | 1,074,349 |
Scandic Hotels Group AB * | 215,516 | 1,087,635 |
Sinch AB * | 308,974 | 775,462 |
Storskogen Group AB, B Shares | 1,817,192 | 909,347 |
Sweco AB, B Shares | 166,457 | 1,775,979 |
Swedish Orphan Biovitrum AB * | 93,023 | 2,288,840 |
Tethys Oil AB | 138,334 | 450,331 |
Thule Group AB | 93,084 | 2,532,329 |
Viaplay Group AB, B Shares *(a) | 1,611,217 | 165,210 |
Wihlborgs Fastigheter AB | 159,288 | 1,283,854 |
127,161,832 | ||
Switzerland 2.5% | ||
Accelleron Industries AG | 41,739 | 1,412,551 |
Allreal Holding AG | 12,034 | 2,077,302 |
ALSO Holding AG | 6,690 | 1,758,827 |
ams-OSRAM AG * | 1,251,183 | 1,913,967 |
Arbonia AG | 107,072 | 1,478,616 |
Aryzta AG * | 570,810 | 1,013,851 |
Autoneum Holding AG *(a) | 7,155 | 1,048,203 |
Avolta AG * | 92,348 | 3,627,639 |
Banque Cantonale Vaudoise | 14,056 | 1,690,455 |
Belimo Holding AG | 3,284 | 1,564,893 |
BKW AG | 10,355 | 1,458,202 |
Bucher Industries AG | 7,327 | 3,113,694 |
Burckhardt Compression Holding AG | 1,204 | 719,214 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Bystronic AG | 2,723 | 1,340,549 |
Cembra Money Bank AG | 25,619 | 2,186,438 |
Clariant AG * | 268,523 | 3,336,144 |
Comet Holding AG | 2,646 | 940,546 |
Daetwyler Holding AG | 4,683 | 966,861 |
dormakaba Holding AG | 3,922 | 2,044,402 |
Emmi AG | 1,765 | 1,803,986 |
EMS-Chemie Holding AG | 3,638 | 2,547,075 |
Flughafen Zurich AG | 10,086 | 2,136,209 |
Forbo Holding AG | 1,177 | 1,358,051 |
Huber & Suhner AG | 19,306 | 1,407,581 |
Implenia AG | 20,949 | 736,326 |
Inficon Holding AG | 864 | 1,344,251 |
Interroll Holding AG | 271 | 855,579 |
Kardex Holding AG | 3,306 | 882,301 |
Komax Holding AG | 2,431 | 453,871 |
Landis & Gyr Group AG | 23,060 | 1,805,675 |
Mobimo Holding AG | 4,524 | 1,330,664 |
OC Oerlikon Corp. AG | 465,122 | 2,223,796 |
PSP Swiss Property AG | 15,130 | 1,933,025 |
Schweiter Technologies AG | 2,111 | 1,057,238 |
SFS Group AG | 16,419 | 2,058,552 |
Siegfried Holding AG | 1,413 | 1,421,746 |
SIG Group AG | 156,504 | 3,110,351 |
Softwareone Holding AG | 87,078 | 1,631,693 |
St. Galler Kantonalbank AG | 1,509 | 855,994 |
Stadler Rail AG | 38,805 | 1,226,001 |
Straumann Holding AG | 17,251 | 2,734,927 |
Sulzer AG | 16,385 | 1,924,035 |
Tecan Group AG | 4,005 | 1,568,252 |
Temenos AG | 28,982 | 2,182,166 |
u-blox Holding AG | 5,864 | 561,394 |
Valiant Holding AG | 11,277 | 1,313,974 |
VAT Group AG | 5,887 | 2,960,381 |
Vontobel Holding AG | 23,627 | 1,448,933 |
Zehnder Group AG | 13,315 | 816,546 |
81,382,927 | ||
United Kingdom 9.8% | ||
4imprint Group PLC | 14,662 | 1,057,162 |
888 Holdings PLC * | 721,880 | 789,868 |
AG Barr PLC | 98,001 | 645,865 |
Airtel Africa PLC | 2,028,952 | 2,434,347 |
Ashmore Group PLC | 519,328 | 1,361,147 |
ASOS PLC *(a) | 383,517 | 1,828,940 |
Assura PLC | 1,332,273 | 700,731 |
Auto Trader Group PLC | 261,464 | 2,448,791 |
Babcock International Group PLC | 247,798 | 1,535,288 |
Bank of Georgia Group PLC | 23,238 | 1,384,500 |
Beazley PLC | 295,170 | 2,434,407 |
Big Yellow Group PLC | 68,194 | 865,208 |
Bodycote PLC | 280,068 | 2,191,173 |
British Land Co. PLC | 791,994 | 3,485,377 |
Britvic PLC | 245,432 | 2,638,904 |
C&C Group PLC | 809,942 | 1,469,185 |
Capita PLC * | 2,881,522 | 739,931 |
Card Factory PLC * | 859,824 | 991,923 |
Carnival PLC * | 113,332 | 1,604,908 |
Centamin PLC | 2,751,036 | 3,142,371 |
Chemring Group PLC | 268,258 | 1,177,485 |
Clarkson PLC | 19,577 | 889,025 |
Close Brothers Group PLC | 236,970 | 1,039,551 |
Coats Group PLC | 1,872,987 | 1,611,080 |
Computacenter PLC | 99,196 | 3,641,371 |
ConvaTec Group PLC | 1,116,020 | 3,475,629 |
Cranswick PLC | 90,723 | 4,413,672 |
Crest Nicholson Holdings PLC | 826,848 | 2,217,354 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Deliveroo PLC * | 527,409 | 732,526 |
Derwent London PLC | 61,533 | 1,497,568 |
DFS Furniture PLC | 649,070 | 1,001,670 |
Diploma PLC | 41,959 | 1,834,308 |
DiscoverIE Group PLC | 77,167 | 654,979 |
Diversified Energy Co. PLC | 33,646 | 398,154 |
Domino's Pizza Group PLC | 197,348 | 841,271 |
Dr Martens PLC | 661,519 | 795,786 |
Drax Group PLC | 593,487 | 3,496,156 |
Dunelm Group PLC | 91,424 | 1,328,782 |
easyJet PLC | 424,081 | 2,917,168 |
Elementis PLC * | 841,785 | 1,505,650 |
Endeavour Mining PLC | 102,517 | 1,653,406 |
EnQuest PLC * | 7,565,007 | 1,244,016 |
Essentra PLC | 869,802 | 1,833,027 |
FDM Group Holdings PLC | 103,326 | 521,502 |
Ferrexpo PLC * | 2,951,983 | 2,692,294 |
Forterra PLC | 464,768 | 1,010,027 |
Frasers Group PLC * | 138,931 | 1,421,743 |
Fresnillo PLC | 259,645 | 1,495,707 |
Future PLC | 55,573 | 430,570 |
Games Workshop Group PLC | 13,762 | 1,637,245 |
Genuit Group PLC | 316,527 | 1,617,579 |
Genus PLC | 36,308 | 823,026 |
Grafton Group PLC | 396,954 | 4,907,287 |
Grainger PLC | 398,189 | 1,255,194 |
Great Portland Estates PLC | 147,126 | 671,102 |
Greencore Group PLC * | 1,514,153 | 1,957,465 |
Greggs PLC | 73,603 | 2,510,087 |
Gulf Keystone Petroleum Ltd. * | 403,445 | 482,780 |
Halfords Group PLC | 841,771 | 1,618,493 |
Halma PLC | 149,593 | 4,356,021 |
Hammerson PLC | 2,765,985 | 888,704 |
Harbour Energy PLC | 1,052,105 | 3,359,092 |
Hargreaves Lansdown PLC | 260,436 | 2,399,630 |
Hikma Pharmaceuticals PLC | 180,777 | 4,498,015 |
Hill & Smith PLC | 71,932 | 1,650,566 |
Hilton Food Group PLC | 163,084 | 1,646,219 |
Hiscox Ltd. | 148,762 | 2,132,040 |
Hochschild Mining PLC * | 1,138,569 | 1,335,096 |
Howden Joinery Group PLC | 461,211 | 4,824,792 |
Hunting PLC | 385,640 | 1,631,742 |
Ibstock PLC | 609,330 | 1,244,797 |
IG Group Holdings PLC | 482,327 | 4,264,736 |
Indivior PLC * | 44,907 | 974,208 |
InterContinental Hotels Group PLC | 58,547 | 6,206,147 |
Intermediate Capital Group PLC | 189,218 | 4,608,710 |
International Consolidated Airlines Group SA * | 1,340,972 | 2,497,747 |
Investec PLC | 493,401 | 3,077,573 |
IWG PLC * | 1,731,050 | 4,068,448 |
J D Wetherspoon PLC * | 108,539 | 1,040,707 |
JD Sports Fashion PLC | 1,855,475 | 2,767,211 |
Jupiter Fund Management PLC | 1,642,258 | 1,682,673 |
Just Group PLC | 2,326,867 | 2,469,488 |
Keller Group PLC | 268,017 | 2,932,593 |
Kier Group PLC * | 1,464,793 | 2,519,931 |
Lancashire Holdings Ltd. | 105,721 | 870,594 |
LondonMetric Property PLC | 336,483 | 767,844 |
Marshalls PLC | 319,575 | 1,210,314 |
Marston's PLC * | 1,785,022 | 660,454 |
Mitchells & Butlers PLC * | 520,962 | 1,548,629 |
Mitie Group PLC | 1,644,082 | 2,221,100 |
Mobico Group PLC | 2,778,634 | 2,741,570 |
Molten Ventures PLC * | 244,723 | 822,198 |
Moneysupermarket.com Group PLC | 500,600 | 1,550,157 |
Morgan Advanced Materials PLC | 475,612 | 1,588,291 |
Morgan Sindall Group PLC | 103,572 | 3,072,265 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
NCC Group PLC | 446,030 | 713,156 |
Ninety One PLC | 292,446 | 606,685 |
Ocado Group PLC * | 221,382 | 1,432,110 |
OSB Group PLC | 411,386 | 2,164,792 |
Oxford Instruments PLC | 27,145 | 750,265 |
Pagegroup PLC | 535,350 | 3,063,612 |
Paragon Banking Group PLC | 234,520 | 1,910,465 |
Pennon Group PLC | 448,911 | 3,756,328 |
Petrofac Ltd. *(a) | 2,259,535 | 751,135 |
Pets at Home Group PLC | 605,131 | 2,114,202 |
Playtech PLC * | 386,406 | 2,167,270 |
Plus500 Ltd. | 175,273 | 3,769,097 |
Premier Foods PLC | 906,310 | 1,579,790 |
Primary Health Properties PLC | 568,595 | 642,645 |
QinetiQ Group PLC | 577,282 | 2,706,243 |
Quilter PLC | 2,083,047 | 2,541,410 |
Rathbones Group PLC | 41,802 | 822,773 |
Reach PLC | 1,050,049 | 785,001 |
Redde Northgate PLC | 630,501 | 2,759,531 |
Redrow PLC | 632,879 | 5,127,589 |
Renewi PLC * | 130,212 | 904,267 |
Renishaw PLC | 20,806 | 1,133,803 |
RHI Magnesita NV | 38,086 | 1,779,654 |
Rightmove PLC | 230,672 | 1,653,274 |
Rolls-Royce Holdings PLC * | 1,861,538 | 8,691,392 |
Rotork PLC | 650,926 | 2,539,331 |
RS Group PLC | 416,628 | 3,971,575 |
Sabre Insurance Group PLC | 492,054 | 979,695 |
Safestore Holdings PLC | 89,174 | 862,361 |
Saga PLC * | 666,658 | 1,030,499 |
Savills PLC | 214,613 | 2,504,354 |
Schroders PLC | 727,535 | 3,619,522 |
Segro PLC | 306,696 | 3,279,773 |
Serco Group PLC | 1,917,183 | 4,542,289 |
Sirius Real Estate Ltd. | 740,680 | 810,439 |
Softcat PLC | 60,781 | 1,128,671 |
Speedy Hire PLC | 2,031,156 | 683,437 |
Spirax-Sarco Engineering PLC | 30,179 | 3,941,561 |
Spire Healthcare Group PLC | 355,938 | 1,015,300 |
Spirent Communications PLC | 639,010 | 844,690 |
SSP Group PLC | 707,234 | 1,959,208 |
SThree PLC | 311,770 | 1,648,481 |
Synthomer PLC * | 420,286 | 774,601 |
TBC Bank Group PLC | 36,736 | 1,375,489 |
Telecom Plus PLC | 62,903 | 1,163,301 |
THG PLC * | 1,222,582 | 971,515 |
TI Fluid Systems PLC | 1,402,056 | 2,695,767 |
TP ICAP Group PLC | 1,581,689 | 3,581,356 |
Tritax Big Box REIT PLC | 622,268 | 1,153,944 |
TT Electronics PLC | 329,929 | 567,587 |
TUI AG * | 427,704 | 2,983,749 |
Tullow Oil PLC * | 2,480,194 | 882,842 |
Tyman PLC | 421,033 | 1,587,106 |
UNITE Group PLC | 85,568 | 1,039,097 |
Vanquis Banking Group PLC | 719,050 | 1,102,390 |
Vesuvius PLC | 490,231 | 3,005,091 |
Victrex PLC | 99,641 | 1,550,303 |
Videndum PLC | 118,611 | 491,371 |
Virgin Money U.K. PLC | 802,126 | 1,571,185 |
Vistry Group PLC | 354,307 | 4,710,379 |
Watches of Switzerland Group PLC * | 136,853 | 699,720 |
Weir Group PLC | 190,535 | 4,417,847 |
WH Smith PLC | 63,188 | 987,931 |
Wickes Group PLC | 784,761 | 1,577,374 |
Workspace Group PLC | 118,236 | 729,267 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
XP Power Ltd. | 25,152 | 330,887 |
314,769,837 | ||
Total Common Stocks (Cost $2,933,828,199) | 3,185,740,530 | |
PREFERRED STOCKS 0.2% OF NET ASSETS | ||
Germany 0.2% | ||
Draegerwerk AG & Co. KGaA | 41,757 | 2,175,771 |
Sartorius AG | 3,808 | 1,441,466 |
Sixt SE | 19,271 | 1,299,211 |
4,916,448 | ||
Italy 0.0% | ||
Danieli & C Officine Meccaniche SpA - RSP | 44,650 | 1,104,067 |
Total Preferred Stocks (Cost $5,152,374) | 6,020,515 | |
WARRANTS 0.0% OF NET ASSETS | ||
Italy 0.0% | ||
Webuild SpA | ||
expires 08/02/30 *(a)(b) | 9,734 | 20,646 |
Total Warrants (Cost $0) | 20,646 |
SHORT-TERM INVESTMENTS 1.9% OF NET ASSETS | ||
Money Market Funds 1.9% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (c) | 2,833,563 | 2,833,563 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (c)(d) | 57,634,290 | 57,634,290 |
60,467,853 | ||
Total Short-Term Investments (Cost $60,467,853) | 60,467,853 | |
Total Investments in Securities (Cost $2,999,448,426) | 3,252,249,544 |
NUMBER OF CONTRACTS | NOTIONAL AMOUNT ($) | CURRENT VALUE/ UNREALIZED APPRECIATION ($) | |
FUTURES CONTRACTS | |||
Long | |||
MSCI EAFE Index, expires 03/15/24 | 134 | 15,328,930 | 330,816 |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $54,168,386. |
(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) |
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 | $3,061,817,256 | $— | $— | $3,061,817,256 |
Hong Kong | 83,645,183 | — | 0 * | 83,645,183 |
Luxembourg | — | — | 0 * | 0 |
Spain | 40,277,883 | — | 208 | 40,278,091 |
Preferred Stocks1 | 6,020,515 | — | — | 6,020,515 |
Warrants | ||||
Italy | — | — | 20,646 | 20,646 |
Short-Term Investments1 | 60,467,853 | — | — | 60,467,853 |
Futures Contracts2 | 330,816 | — | — | 330,816 |
Total | $3,252,559,506 | $— | $20,854 | $3,252,580,360 |
* | Level 3 amount shown includes securities determined to have no value at February 29, 2024. |
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 $2,999,448,426) including securities on loan of $54,168,386 | $3,252,249,544 | |
Cash | 499 | |
Foreign currency, at value (cost $3,946,404) | 3,940,855 | |
Deposit with broker for futures contracts | 874,143 | |
Receivables: | ||
Dividends | 9,094,460 | |
Foreign tax reclaims | 1,938,354 | |
Income from securities on loan | 115,172 | |
Variation margin on future contracts | + | 42,393 |
Total assets | 3,268,255,420 | |
Liabilities | ||
Collateral held for securities on loan | 57,634,290 | |
Payables: | ||
Investments bought | 3,164,959 | |
Management fees | + | 979,179 |
Total liabilities | 61,778,428 | |
Net assets | $3,206,476,992 | |
Net Assets by Source | ||
Capital received from investors | $3,266,408,993 | |
Total distributable loss | + | (59,932,001 ) |
Net assets | $3,206,476,992 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$3,206,476,992 | 93,300,000 | $34.37 | ||
For the period March 1, 2023 through February 29, 2024 | ||
Investment Income | ||
Dividends received from securities - unaffiliated (net of foreign withholding tax of $11,065,930) | $85,418,593 | |
Interest received from securities - unaffiliated | 67,901 | |
Securities on loan, net | + | 2,204,157 |
Total investment income | 87,690,651 | |
Expenses | ||
Management fees | 11,592,679 | |
Professional fees | + | 19,517 1 |
Total expenses | 11,612,196 | |
Expense reduction | – | 19,517 1 |
Net expenses | – | 11,592,679 |
Net investment income | 76,097,972 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (61,976,638 ) | |
Net realized gains on sales of in-kind redemptions - unaffiliated | 36,025,559 | |
Net realized gains on futures contracts | 1,121,535 | |
Net realized losses on foreign currency transactions | + | (989,913 ) |
Net realized losses | (25,819,457 ) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | 190,843,593 | |
Net change in unrealized appreciation (depreciation) on futures contracts | 521,650 | |
Net change in unrealized appreciation (depreciation) on foreign currency translations | + | 61,683 |
Net change in unrealized appreciation (depreciation) | + | 191,426,926 |
Net realized and unrealized gains | 165,607,469 | |
Increase in net assets resulting from operations | $241,705,441 |
1 | Professional fees associated with the filing of foreign withholding tax claims in the European Union are deemed to be non-contingent and non-routine expenses of the fund (see financial notes 2(d) and 4 for additional information). |
OPERATIONS | |||
3/1/23-2/29/24 | 3/1/22-2/28/23 | ||
Net investment income | $76,097,972 | $65,034,540 | |
Net realized losses | (25,819,457 ) | (36,950,204 ) | |
Net change in unrealized appreciation (depreciation) | + | 191,426,926 | (191,361,265 ) |
Increase (decrease) in net assets resulting from operations | $241,705,441 | ($163,276,929 ) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($89,978,610 ) | ($51,473,080 ) |
TRANSACTIONS IN FUND SHARES | |||||
3/1/23-2/29/24 | 3/1/22-2/28/23 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 8,900,000 | $291,994,920 | 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 | 6,200,000 | $205,081,458 | 12,200,000 | $378,465,023 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
3/1/23-2/29/24 | 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 | + | 6,200,000 | 356,808,289 | 12,200,000 | 163,715,014 |
End of period | 93,300,000 | $3,206,476,992 | 87,100,000 | $2,849,668,703 |
3/1/23– 2/29/24 | 3/1/22– 2/28/23 | 3/1/21– 2/28/22 | 3/1/20– 2/28/21 | 3/1/19– 2/29/20 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $25.28 | $29.25 | $29.64 | $25.54 | $28.08 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 1.20 | 1.55 | 1.36 | 0.79 | 1.02 | |
Net realized and unrealized gains (losses) | 2.06 | (4.14 ) | (0.41 ) | 4.02 | (2.53 ) | |
Total from investment operations | 3.26 | (2.59 ) | 0.95 | 4.81 | (1.51 ) | |
Less distributions: | ||||||
Distributions from net investment income | (1.29 ) | (1.39 ) | (1.34 ) | (0.71 ) | (1.03 ) | |
Other capital1,2 | — | 0.01 | — | — | — | |
Net asset value at end of period | $27.25 | $25.28 | $29.25 | $29.64 | $25.54 | |
Total return | 13.17 % | (8.72 %) | 2.97 % | 19.12 % | (5.74 %) | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.39 % | 0.39 %3 | 0.39 % | 0.39 % | 0.39 % | |
Net investment income (loss) | 4.55 % | 5.97 % | 4.29 % | 3.11 % | 3.61 % | |
Portfolio turnover rate4 | 16 % | 28 % | 20 % | 25 % | 32 % | |
Net assets, end of period (x 1,000,000) | $5,458 | $4,529 | $4,826 | $3,806 | $2,574 |
1 | Calculated based on the average shares outstanding during the period. |
2 | Includes additional variable charges paid by the cash purchasers and redeemers of creation units to the fund to offset the transaction costs of the fund of buying or selling portfolio securities (see financial note 10 for additional information). |
3 | Ratio includes less than 0.005% of non-routine proxy expenses. |
4 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY | NUMBER OF SHARES | VALUE ($) |
COMMON STOCKS 94.7% OF NET ASSETS | ||
Brazil 8.1% | ||
Ambev SA | 5,448,868 | 13,795,852 |
B3 SA - Brasil Bolsa Balcao | 3,434,045 | 8,867,358 |
Banco Bradesco SA | 3,065,097 | 7,587,713 |
Banco do Brasil SA | 2,008,662 | 23,390,897 |
Banco Santander Brasil SA | 979,931 | 5,640,572 |
BRF SA * | 2,914,696 | 8,857,921 |
Centrais Eletricas Brasileiras SA | 1,663,418 | 14,563,047 |
Cia de Saneamento Basico do Estado de Sao Paulo SABESP | 554,940 | 8,841,245 |
Cia Energetica de Minas Gerais | 205,960 | 622,608 |
Cia Siderurgica Nacional SA | 2,166,087 | 7,332,693 |
Equatorial Energia SA | 895,838 | 6,162,588 |
Itau Unibanco Holding SA | 725,144 | 4,277,615 |
JBS SA | 8,270,548 | 38,384,438 |
Natura & Co. Holding SA * | 1,831,705 | 6,012,721 |
Petroleo Brasileiro SA | 11,550,997 | 95,827,256 |
Suzano SA | 806,799 | 9,149,995 |
Telefonica Brasil SA | 1,190,760 | 13,056,384 |
Ultrapar Participacoes SA | 3,298,945 | 19,493,630 |
Vale SA | 8,525,679 | 114,947,770 |
Vibra Energia SA | 6,649,320 | 34,607,271 |
441,419,574 | ||
Chile 0.5% | ||
Banco de Chile | 49,130,961 | 5,690,364 |
Cencosud SA | 4,718,898 | 8,466,558 |
Empresas CMPC SA | 3,298,023 | 5,849,040 |
Empresas Copec SA | 1,520,625 | 9,749,461 |
29,755,423 | ||
China 31.6% | ||
Agile Group Holdings Ltd. *(a) | 41,093,908 | 3,989,292 |
Agricultural Bank of China Ltd., A Shares | 15,616,500 | 9,081,314 |
Agricultural Bank of China Ltd., H Shares | 82,774,867 | 34,045,457 |
Alibaba Group Holding Ltd. | 10,878,232 | 101,295,615 |
Aluminum Corp. of China Ltd., A Shares | 2,303,700 | 1,934,337 |
Aluminum Corp. of China Ltd., H Shares | 10,661,650 | 5,338,451 |
Anhui Conch Cement Co. Ltd., A Shares | 1,176,700 | 3,909,677 |
Anhui Conch Cement Co. Ltd., H Shares | 5,205,725 | 11,383,866 |
ANTA Sports Products Ltd. | 512,450 | 5,023,827 |
BAIC Motor Corp. Ltd., H Shares | 36,103,803 | 10,791,296 |
Baidu, Inc., A Shares * | 1,746,416 | 22,207,198 |
Bank of China Ltd., A Shares | 7,312,800 | 4,536,722 |
Bank of China Ltd., H Shares | 209,789,297 | 82,535,131 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Bank of Communications Co. Ltd., A Shares | 7,322,200 | 6,371,770 |
Bank of Communications Co. Ltd., H Shares | 22,176,899 | 14,560,247 |
Baoshan Iron & Steel Co. Ltd., A Shares | 6,054,300 | 5,604,550 |
Beijing Enterprises Holdings Ltd. | 1,564,718 | 5,896,074 |
BYD Co. Ltd., A Shares | 36,200 | 960,611 |
BYD Co. Ltd., H Shares | 200,420 | 4,948,547 |
China Cinda Asset Management Co. Ltd., H Shares | 50,214,138 | 4,810,521 |
China CITIC Bank Corp. Ltd., A Shares | 2,114,600 | 1,887,079 |
China CITIC Bank Corp. Ltd., H Shares | 31,418,247 | 16,734,888 |
China Communications Services Corp. Ltd., H Shares | 14,181,926 | 6,032,318 |
China Construction Bank Corp., A Shares | 1,898,900 | 1,844,808 |
China Construction Bank Corp., H Shares | 304,712,213 | 189,939,148 |
China Everbright Bank Co. Ltd., A Shares | 11,101,800 | 4,961,354 |
China Everbright Bank Co. Ltd., H Shares | 11,423,120 | 3,574,832 |
China Everbright Environment Group Ltd. (a) | 16,256,458 | 6,042,598 |
China Gas Holdings Ltd. | 7,900,191 | 7,235,383 |
China Hongqiao Group Ltd. | 8,251,834 | 6,419,077 |
China Jinmao Holdings Group Ltd. | 39,768,699 | 3,251,069 |
China Life Insurance Co. Ltd., H Shares | 5,211,329 | 6,423,631 |
China Mengniu Dairy Co. Ltd. * | 2,961,025 | 7,443,410 |
China Merchants Bank Co. Ltd., A Shares | 2,065,100 | 9,182,999 |
China Merchants Bank Co. Ltd., H Shares | 6,069,841 | 23,686,088 |
China Minsheng Banking Corp. Ltd., A Shares | 11,230,900 | 6,297,191 |
China Minsheng Banking Corp. Ltd., H Shares | 31,377,299 | 11,061,893 |
China National Building Material Co. Ltd., H Shares | 45,186,809 | 17,027,014 |
China Overseas Land & Investment Ltd. | 11,998,053 | 17,838,920 |
China Pacific Insurance Group Co. Ltd., A Shares | 678,100 | 2,411,148 |
China Pacific Insurance Group Co. Ltd., H Shares | 4,257,849 | 8,125,417 |
China Petroleum & Chemical Corp., A Shares | 12,950,500 | 11,233,562 |
China Petroleum & Chemical Corp., H Shares | 157,265,030 | 86,981,093 |
China Railway Group Ltd., A Shares | 5,218,400 | 4,598,985 |
China Railway Group Ltd., H Shares | 15,571,325 | 7,597,903 |
China Resources Building Materials Technology Holdings Ltd. | 15,458,075 | 2,685,339 |
China Resources Gas Group Ltd. | 1,507,524 | 4,563,703 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
China Resources Land Ltd. | 5,364,247 | 16,513,176 |
China Resources Power Holdings Co. Ltd. | 4,250,325 | 9,175,160 |
China Shenhua Energy Co. Ltd., A Shares | 961,300 | 5,149,881 |
China Shenhua Energy Co. Ltd., H Shares | 6,477,651 | 25,029,244 |
China State Construction Engineering Corp. Ltd., A Shares | 11,976,200 | 8,892,498 |
China Taiping Insurance Holdings Co. Ltd. | 6,119,737 | 5,338,980 |
China Tower Corp. Ltd., H Shares | 104,950,386 | 12,735,396 |
China United Network Communications Ltd., A Shares | 7,700,900 | 5,130,193 |
China Vanke Co. Ltd., A Shares | 2,892,000 | 4,029,795 |
China Vanke Co. Ltd., H Shares | 9,098,337 | 7,042,704 |
CITIC Ltd. | 18,483,052 | 18,674,757 |
COSCO SHIPPING Holdings Co. Ltd., A Shares | 2,098,000 | 3,057,354 |
COSCO SHIPPING Holdings Co. Ltd., H Shares | 6,396,353 | 6,895,721 |
Country Garden Holdings Co. Ltd. *(a) | 184,885,728 | 15,114,304 |
CRRC Corp. Ltd., A Shares | 3,437,100 | 3,043,433 |
CRRC Corp. Ltd., H Shares | 8,077,104 | 4,168,136 |
CSPC Pharmaceutical Group Ltd. | 7,874,095 | 6,155,408 |
Dongfeng Motor Group Co. Ltd., H Shares | 14,067,626 | 6,019,639 |
ENN Energy Holdings Ltd. | 980,320 | 8,057,888 |
Fosun International Ltd. | 11,268,131 | 6,505,716 |
GCL Technology Holdings Ltd. | 26,715,564 | 3,719,595 |
Geely Automobile Holdings Ltd. | 11,213,675 | 12,261,018 |
Guangdong Investment Ltd. | 5,997,799 | 3,570,118 |
Guangzhou R&F Properties Co. Ltd., H Shares *(a) | 50,304,442 | 6,554,074 |
Haier Smart Home Co. Ltd., A Shares | 547,400 | 1,830,175 |
Haier Smart Home Co. Ltd., H Shares | 2,686,896 | 8,202,638 |
Hengan International Group Co. Ltd. | 1,466,660 | 4,533,667 |
Huaneng Power International, Inc., A Shares * | 992,100 | 1,214,437 |
Huaneng Power International, Inc., H Shares * | 9,629,225 | 5,411,888 |
Industrial & Commercial Bank of China Ltd., A Shares | 13,251,800 | 9,802,865 |
Industrial & Commercial Bank of China Ltd., H Shares | 220,004,036 | 113,531,615 |
Industrial Bank Co. Ltd., A Shares | 3,490,900 | 8,066,824 |
JD.com, Inc., A Shares | 3,586,841 | 40,799,125 |
Jiangxi Copper Co. Ltd., A Shares | 863,000 | 2,346,368 |
Jiangxi Copper Co. Ltd., H Shares | 6,294,320 | 9,374,588 |
Kingboard Holdings Ltd. | 3,858,792 | 7,580,756 |
Kunlun Energy Co. Ltd. | 15,390,765 | 13,151,980 |
Kweichow Moutai Co. Ltd., A Shares | 21,300 | 5,010,721 |
Legend Holdings Corp., H Shares | 6,109,599 | 5,103,819 |
Longfor Group Holdings Ltd. | 6,265,675 | 7,907,325 |
Lufax Holding Ltd., ADR | 964,367 | 3,008,825 |
Meituan, B Shares * | 690,462 | 7,037,971 |
NetEase, Inc. | 950,890 | 21,401,341 |
New China Life Insurance Co. Ltd., A Shares | 246,000 | 1,119,850 |
New China Life Insurance Co. Ltd., H Shares | 1,573,742 | 3,031,375 |
Nine Dragons Paper Holdings Ltd. *(a) | 8,672,218 | 4,021,070 |
People's Insurance Co. Group of China Ltd., A Shares | 920,100 | 670,417 |
People's Insurance Co. Group of China Ltd., H Shares | 13,793,931 | 4,598,682 |
PetroChina Co. Ltd., A Shares | 6,177,100 | 7,578,580 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
PetroChina Co. Ltd., H Shares | 78,024,388 | 61,492,243 |
PICC Property & Casualty Co. Ltd., H Shares | 16,757,148 | 22,945,614 |
Ping An Bank Co. Ltd., A Shares | 3,092,300 | 4,544,944 |
Ping An Insurance Group Co. of China Ltd., A Shares | 1,536,700 | 9,149,499 |
Ping An Insurance Group Co. of China Ltd., H Shares | 13,600,159 | 60,975,575 |
Postal Savings Bank of China Co. Ltd., A Shares | 2,490,700 | 1,676,541 |
Postal Savings Bank of China Co. Ltd., H Shares | 20,644,599 | 10,890,838 |
SAIC Motor Corp. Ltd., A Shares | 3,103,300 | 6,443,270 |
Seazen Group Ltd. *(a) | 34,106,936 | 4,835,824 |
Shanghai Pudong Development Bank Co. Ltd., A Shares | 8,090,500 | 8,028,462 |
Shenzhou International Group Holdings Ltd. | 590,901 | 4,872,095 |
Sinopharm Group Co. Ltd., H Shares | 5,351,286 | 15,003,670 |
Sunny Optical Technology Group Co. Ltd. | 604,102 | 3,919,934 |
Tencent Holdings Ltd. | 2,792,587 | 98,879,153 |
Tingyi Cayman Islands Holding Corp. | 3,507,707 | 3,911,491 |
Trip.com Group Ltd. * | 136,900 | 6,239,260 |
Vipshop Holdings Ltd., ADR * | 711,134 | 13,689,330 |
Weichai Power Co. Ltd., A Shares | 925,600 | 2,168,437 |
Weichai Power Co. Ltd., H Shares | 4,112,733 | 8,090,140 |
Xiaomi Corp., B Shares * | 15,120,744 | 25,533,445 |
Yankuang Energy Group Co. Ltd., A Shares | 295,550 | 1,061,564 |
Yankuang Energy Group Co. Ltd., H Shares | 4,490,381 | 10,370,183 |
Yum China Holdings, Inc. | 313,933 | 13,714,118 |
Zhongsheng Group Holdings Ltd. | 1,914,453 | 3,511,591 |
Zijin Mining Group Co. Ltd., A Shares | 1,002,500 | 1,824,055 |
Zijin Mining Group Co. Ltd., H Shares | 4,086,120 | 6,607,689 |
1,723,855,408 | ||
Colombia 0.3% | ||
Bancolombia SA | 643,202 | 5,395,781 |
Ecopetrol SA | 15,413,160 | 8,988,982 |
14,384,763 | ||
Czech Republic 0.1% | ||
CEZ AS | 153,437 | 5,255,546 |
Greece 0.2% | ||
Alpha Services & Holdings SA * | 3,838,164 | 7,214,578 |
Hellenic Telecommunications Organization SA | 426,268 | 6,439,554 |
13,654,132 | ||
Hungary 0.5% | ||
MOL Hungarian Oil & Gas PLC | 1,801,237 | 14,325,673 |
OTP Bank Nyrt | 292,911 | 14,038,008 |
28,363,681 | ||
India 13.8% | ||
Axis Bank Ltd. | 1,061,135 | 13,758,777 |
Bharat Petroleum Corp. Ltd. | 4,481,745 | 32,638,979 |
Bharti Airtel Ltd. | 1,236,274 | 16,749,050 |
Bharti Airtel Ltd. - Partly Paid Shares | 49,821 | 433,610 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Coal India Ltd. | 3,175,053 | 16,722,243 |
GAIL India Ltd. | 6,861,317 | 15,081,182 |
Grasim Industries Ltd. | 469,337 | 12,404,144 |
HCL Technologies Ltd. | 696,167 | 13,969,728 |
Hero MotoCorp Ltd. | 213,907 | 11,419,466 |
Hindalco Industries Ltd. | 3,023,786 | 18,374,379 |
Hindustan Petroleum Corp. Ltd. | 4,889,575 | 30,039,341 |
Hindustan Unilever Ltd. | 280,260 | 8,153,663 |
ICICI Bank Ltd. | 541,714 | 6,874,303 |
Indian Oil Corp. Ltd. | 21,313,431 | 42,554,246 |
Infosys Ltd. | 2,627,482 | 53,043,187 |
ITC Ltd. | 1,637,069 | 8,021,843 |
Jio Financial Services Ltd. * | 2,341,287 | 8,753,398 |
JSW Steel Ltd. | 1,106,538 | 10,677,534 |
Larsen & Toubro Ltd. | 417,233 | 17,498,966 |
Mahindra & Mahindra Ltd. | 729,504 | 17,001,414 |
Maruti Suzuki India Ltd. | 91,144 | 12,408,489 |
NTPC Ltd. | 6,970,441 | 28,212,564 |
Oil & Natural Gas Corp. Ltd. | 14,273,837 | 45,550,266 |
Petronet LNG Ltd. | 2,049,864 | 6,760,259 |
Power Finance Corp. Ltd. | 3,858,758 | 18,647,784 |
Power Grid Corp. of India Ltd. | 4,393,267 | 14,986,635 |
Rajesh Exports Ltd. * | 2,202,154 | 8,192,054 |
REC Ltd. | 2,541,402 | 13,548,933 |
Reliance Industries Ltd. | 2,370,310 | 83,519,186 |
State Bank of India | 1,420,403 | 12,815,383 |
Steel Authority of India Ltd. | 5,663,197 | 8,277,985 |
Sun Pharmaceutical Industries Ltd. | 467,067 | 8,888,588 |
Tata Consultancy Services Ltd. | 645,718 | 31,890,972 |
Tata Motors Ltd. | 2,271,363 | 26,029,266 |
Tata Motors Ltd., A Shares, DVR | 403,789 | 3,078,957 |
Tata Steel Ltd. | 19,734,553 | 33,523,125 |
Tech Mahindra Ltd. | 586,068 | 9,003,817 |
UltraTech Cement Ltd. | 56,158 | 6,699,982 |
UPL Ltd. | 712,428 | 4,035,728 |
Vedanta Ltd. | 4,170,051 | 13,480,858 |
Wipro Ltd. | 1,379,005 | 8,624,992 |
752,345,276 | ||
Indonesia 1.5% | ||
Astra International Tbk. PT | 37,493,542 | 12,466,036 |
Bank Central Asia Tbk. PT | 16,668,990 | 10,474,469 |
Bank Mandiri Persero Tbk. PT | 33,381,972 | 14,869,475 |
Bank Rakyat Indonesia Persero Tbk. PT | 44,347,482 | 17,284,653 |
Telkom Indonesia Persero Tbk. PT | 76,296,846 | 19,420,133 |
United Tractors Tbk. PT | 3,924,064 | 5,874,235 |
80,389,001 | ||
Kuwait 0.6% | ||
Kuwait Finance House KSCP | 3,112,296 | 8,194,246 |
Mobile Telecommunications Co. KSCP | 4,428,023 | 7,239,706 |
National Bank of Kuwait SAKP | 4,799,252 | 15,287,720 |
30,721,672 | ||
Malaysia 1.7% | ||
Axiata Group Bhd. | 12,537,972 | 7,344,971 |
CIMB Group Holdings Bhd. | 8,712,924 | 11,860,813 |
Genting Bhd. | 6,277,200 | 6,309,608 |
Malayan Banking Bhd. | 9,301,758 | 18,679,961 |
Petronas Chemicals Group Bhd. | 3,832,300 | 5,652,955 |
Public Bank Bhd. | 11,884,200 | 11,018,961 |
Sime Darby Bhd. | 12,094,500 | 6,906,774 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Tenaga Nasional Bhd. | 9,429,900 | 22,375,024 |
90,149,067 | ||
Mexico 3.5% | ||
Alfa SAB de CV, A Shares | 14,984,545 | 11,159,498 |
America Movil SAB de CV, Series B | 45,656,555 | 42,696,430 |
Cemex SAB de CV, ADR * | 2,903,435 | 22,182,243 |
Cemex SAB de CV, Series CPO * | 274,374 | 209,480 |
Controladora AXTEL SAB de CV * | 14,136,365 | 191,340 |
Fomento Economico Mexicano SAB de CV | 2,039,068 | 25,428,462 |
Grupo Bimbo SAB de CV, Series A | 1,813,890 | 7,578,025 |
Grupo Financiero Banorte SAB de CV, O Shares | 2,553,556 | 26,366,721 |
Grupo Mexico SAB de CV, Series B | 4,296,228 | 20,828,518 |
Grupo Televisa SAB, Series CPO | 13,263,603 | 7,919,381 |
Ollamani SAB * | 663,180 | 1,117,961 |
Orbia Advance Corp. SAB de CV | 2,923,319 | 5,399,057 |
Wal-Mart de Mexico SAB de CV | 4,524,717 | 18,094,626 |
189,171,742 | ||
Qatar 0.7% | ||
Ooredoo QPSC | 2,088,749 | 6,522,680 |
Qatar Fuel QSC | 1,295,558 | 5,323,139 |
Qatar Islamic Bank SAQ | 1,136,416 | 6,289,146 |
Qatar National Bank QPSC | 4,240,437 | 17,737,395 |
35,872,360 | ||
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 AFK PAO *(b)(c) | 127,904 | 0 |
Tatneft PJSC *(b)(c) | 45,568 | 0 |
0 | ||
Saudi Arabia 2.3% | ||
Al Rajhi Bank | 668,945 | 15,875,025 |
Riyad Bank | 891,014 | 7,388,885 |
Saudi Arabian Oil Co. | 2,028,646 | 17,147,449 |
Saudi Basic Industries Corp. | 1,499,952 | 31,516,470 |
Saudi Electricity Co. | 1,954,842 | 10,424,990 |
Saudi National Bank | 1,477,368 | 16,683,074 |
Saudi Telecom Co. | 2,136,385 | 24,181,944 |
Yanbu National Petrochemical Co. | 487,888 | 4,871,985 |
128,089,822 | ||
South Africa 4.0% | ||
Absa Group Ltd. | 1,743,009 | 14,860,835 |
Anglo American Platinum Ltd. | 137,518 | 5,282,512 |
Anglogold Ashanti PLC | 568,428 | 10,696,980 |
Bid Corp. Ltd. | 455,682 | 10,658,214 |
Bidvest Group Ltd. | 497,077 | 6,054,448 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Exxaro Resources Ltd. | 583,595 | 5,406,477 |
FirstRand Ltd. | 6,448,784 | 21,776,359 |
Gold Fields Ltd. | 937,307 | 12,302,803 |
Impala Platinum Holdings Ltd. | 1,861,795 | 6,286,940 |
MTN Group Ltd. | 4,667,971 | 20,318,008 |
MultiChoice Group * | 1,072,694 | 5,838,274 |
Naspers Ltd., N Shares | 55,572 | 9,139,894 |
Nedbank Group Ltd. | 868,686 | 9,925,446 |
Old Mutual Ltd. | 10,461,975 | 6,511,552 |
Sanlam Ltd. | 2,484,599 | 9,525,888 |
Sappi Ltd. | 2,863,150 | 6,890,813 |
Sasol Ltd. | 1,070,292 | 8,074,717 |
Shoprite Holdings Ltd. | 727,738 | 9,795,609 |
Sibanye Stillwater Ltd. | 11,330,830 | 11,736,162 |
Standard Bank Group Ltd. | 2,269,729 | 23,878,371 |
Vodacom Group Ltd. | 1,231,345 | 6,034,850 |
220,995,152 | ||
Taiwan 20.2% | ||
Acer, Inc. | 7,113,470 | 10,160,653 |
ASE Technology Holding Co. Ltd. | 6,313,000 | 27,760,863 |
Asia Cement Corp. | 4,518,000 | 5,781,588 |
Asustek Computer, Inc. | 1,958,100 | 28,185,688 |
AUO Corp. * | 33,251,496 | 18,409,060 |
Catcher Technology Co. Ltd. | 1,732,000 | 10,794,350 |
Cathay Financial Holding Co. Ltd. * | 11,839,994 | 16,874,412 |
Chailease Holding Co. Ltd. | 922,534 | 5,092,842 |
China Development Financial Holding Corp. * | 18,608,000 | 7,387,981 |
China Steel Corp. | 24,166,088 | 18,807,187 |
Chunghwa Telecom Co. Ltd. | 4,246,764 | 16,189,281 |
Compal Electronics, Inc. | 19,778,000 | 22,837,976 |
CTBC Financial Holding Co. Ltd. | 19,530,809 | 18,165,608 |
Delta Electronics, Inc. | 1,462,696 | 13,627,674 |
E.Sun Financial Holding Co. Ltd. | 8,064,724 | 6,442,186 |
Evergreen Marine Corp. Taiwan Ltd. | 3,237,000 | 16,948,180 |
Far Eastern New Century Corp. | 10,045,061 | 10,359,828 |
First Financial Holding Co. Ltd. | 7,688,776 | 6,591,874 |
Formosa Chemicals & Fibre Corp. | 8,197,882 | 14,834,744 |
Formosa Petrochemical Corp. | 2,830,704 | 6,653,737 |
Formosa Plastics Corp. | 5,657,476 | 12,832,883 |
Foxconn Technology Co. Ltd. | 3,428,858 | 5,391,235 |
Fubon Financial Holding Co. Ltd. | 10,323,406 | 22,208,248 |
Hon Hai Precision Industry Co. Ltd. | 44,145,928 | 143,850,127 |
Hotai Motor Co. Ltd. | 252,800 | 5,366,387 |
Innolux Corp. * | 42,864,732 | 20,544,478 |
Inventec Corp. | 8,183,646 | 14,239,407 |
Largan Precision Co. Ltd. | 110,200 | 9,029,501 |
Lite-On Technology Corp., ADR | 2,897,229 | 10,036,431 |
MediaTek, Inc. | 1,082,046 | 39,024,105 |
Mega Financial Holding Co. Ltd. | 8,220,348 | 10,064,299 |
Micro-Star International Co. Ltd. | 1,191,000 | 7,196,602 |
Nan Ya Plastics Corp. | 9,634,588 | 18,196,583 |
Novatek Microelectronics Corp. | 662,000 | 12,586,786 |
Pegatron Corp. | 9,477,234 | 25,634,809 |
Pou Chen Corp. | 10,303,000 | 9,941,363 |
Powertech Technology, Inc. | 2,080,000 | 10,265,268 |
President Chain Store Corp. | 630,000 | 5,371,328 |
Quanta Computer, Inc. | 4,165,058 | 30,569,717 |
Shin Kong Financial Holding Co. Ltd. * | 19,196,000 | 5,034,399 |
Synnex Technology International Corp. | 4,069,178 | 10,015,408 |
Taiwan Cement Corp. | 9,389,760 | 9,535,465 |
Taiwan Cooperative Financial Holding Co. Ltd. | 6,474,357 | 5,315,160 |
Taiwan Mobile Co. Ltd. | 1,865,530 | 5,842,784 |
Taiwan Semiconductor Manufacturing Co. Ltd. | 11,421,352 | 249,315,329 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Uni-President Enterprises Corp. | 7,612,796 | 18,472,341 |
United Microelectronics Corp. | 13,735,931 | 21,227,803 |
Walsin Lihwa Corp. | 5,706,925 | 6,680,151 |
Wistron Corp. | 7,309,934 | 26,710,241 |
WPG Holdings Ltd. | 6,394,880 | 18,774,257 |
Yageo Corp. | 438,635 | 7,743,189 |
Yang Ming Marine Transport Corp. | 6,016,000 | 9,487,578 |
Yuanta Financial Holding Co. Ltd. | 11,928,938 | 10,359,207 |
Zhen Ding Technology Holding Ltd. | 1,645,000 | 5,230,152 |
1,103,998,733 | ||
Thailand 2.6% | ||
Advanced Info Service PCL NVDR | 1,256,500 | 7,041,865 |
Bangkok Bank PCL NVDR | 1,044,400 | 4,164,205 |
Charoen Pokphand Foods PCL NVDR | 17,627,100 | 9,289,062 |
CP ALL PCL NVDR | 5,207,800 | 8,349,324 |
Kasikornbank PCL NVDR | 3,231,300 | 11,081,832 |
Krung Thai Bank PCL NVDR | 11,505,400 | 5,164,839 |
PTT Exploration & Production PCL NVDR | 1,883,300 | 7,929,131 |
PTT Global Chemical PCL NVDR | 9,075,900 | 9,616,177 |
PTT PCL NVDR | 52,492,700 | 50,128,955 |
SCB X PCL NVDR | 3,170,500 | 9,945,107 |
Siam Cement PCL NVDR | 1,819,300 | 13,645,384 |
Thai Oil PCL NVDR | 3,917,787 | 6,117,275 |
142,473,156 | ||
Turkey 1.4% | ||
Akbank TAS | 9,827,462 | 13,088,698 |
BIM Birlesik Magazalar AS | 749,077 | 9,315,550 |
Eregli Demir ve Celik Fabrikalari TAS * | 4,709,067 | 6,866,062 |
Haci Omer Sabanci Holding AS | 2,700,267 | 6,876,135 |
KOC Holding AS | 1,491,039 | 8,033,144 |
Turk Hava Yollari AO * | 815,693 | 7,361,414 |
Turkcell Iletisim Hizmetleri AS | 3,904,254 | 8,372,578 |
Turkiye Is Bankasi AS, Class C | 22,467,728 | 7,988,270 |
Turkiye Petrol Rafinerileri AS | 1,373,654 | 7,119,122 |
75,020,973 | ||
United Arab Emirates 1.1% | ||
Abu Dhabi Commercial Bank PJSC | 2,974,598 | 6,940,648 |
Dubai Islamic Bank PJSC | 3,512,943 | 6,159,534 |
Emaar Properties PJSC | 7,088,257 | 15,670,627 |
Emirates Telecommunications Group Co. PJSC | 3,529,377 | 17,392,721 |
First Abu Dhabi Bank PJSC | 4,112,323 | 15,271,879 |
61,435,409 | ||
Total Common Stocks (Cost $4,552,219,930) | 5,167,350,890 | |
PREFERRED STOCKS 4.8% OF NET ASSETS | ||
Brazil 4.7% | ||
Banco Bradesco SA | 10,074,855 | 27,880,663 |
Centrais Eletricas Brasileiras SA, B Shares | 360,191 | 3,473,127 |
Cia Energetica de Minas Gerais | 2,404,911 | 5,793,683 |
Companhia Paranaense de Energia, B Shares | 3,806,256 | 7,829,075 |
Gerdau SA | 3,130,695 | 13,546,928 |
Itau Unibanco Holding SA | 7,320,537 | 50,005,339 |
Metalurgica Gerdau SA | 4,188,342 | 8,522,262 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
Petroleo Brasileiro SA | 17,066,575 | 137,874,940 |
254,926,017 | ||
Colombia 0.1% | ||
Bancolombia SA | 1,069,015 | 8,733,765 |
Russia 0.0% | ||
Surgutneftegas PJSC *(b)(c) | 265,800 | 0 |
Tatneft PJSC *(b)(c) | 4,870 | 0 |
Transneft PJSC *(b)(c) | 11,600 | 0 |
0 | ||
Total Preferred Stocks (Cost $179,691,996) | 263,659,782 |
SHORT-TERM INVESTMENTS 1.0% OF NET ASSETS | ||
Money Market Funds 1.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (d) | 38,811,574 | 38,811,574 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (d)(e) | 16,803,070 | 16,803,070 |
55,614,644 | ||
Total Short-Term Investments (Cost $55,614,644) | 55,614,644 | |
Total Investments in Securities (Cost $4,787,526,570) | 5,486,625,316 |
NUMBER OF CONTRACTS | NOTIONAL AMOUNT ($) | CURRENT VALUE/ UNREALIZED APPRECIATION ($) | |
FUTURES CONTRACTS | |||
Long | |||
MSCI Emerging Markets Index, expires 03/15/24 | 491 | 24,962,440 | 213,859 |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $14,933,613. |
(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 | $5,167,350,890 | $— | $— | $5,167,350,890 |
Russia | — | — | 0 * | 0 |
Preferred Stocks1 | 263,659,782 | — | — | 263,659,782 |
Russia | — | — | 0 * | 0 |
Short-Term Investments1 | 55,614,644 | — | — | 55,614,644 |
Futures Contracts2 | 213,859 | — | — | 213,859 |
Total | $5,486,839,175 | $— | $0 | $5,486,839,175 |
* | Level 3 amount shown includes securities determined to have no value at February 29, 2024. |
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 $4,787,526,570) including securities on loan of $14,933,613 | $5,486,625,316 | |
Foreign currency, at value (cost $9,130,965) | 9,073,097 | |
Deposit with broker for futures contracts | 2,904,020 | |
Receivables: | ||
Dividends | 13,563,896 | |
Income from securities on loan | 59,655 | |
Variation margin on future contracts | + | 4,737 |
Total assets | 5,512,230,721 | |
Liabilities | ||
Collateral held for securities on loan | 16,803,070 | |
Payables: | ||
Foreign capital gains tax | 35,419,509 | |
Management fees | + | 1,675,578 |
Total liabilities | 53,898,157 | |
Net assets | $5,458,332,564 | |
Net Assets by Source | ||
Capital received from investors | $5,615,299,589 | |
Total distributable loss | + | (156,967,025 ) |
Net assets | $5,458,332,564 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$5,458,332,564 | 200,300,000 | $27.25 | ||
For the period March 1, 2023 through February 29, 2024 | ||
Investment Income | ||
Dividends received from securities - unaffiliated (net of foreign withholding tax of $30,114,343) | $245,191,117 | |
Interest received from securities - unaffiliated | 195,397 | |
Securities on loan, net | + | 1,400,124 |
Total investment income | 246,786,638 | |
Expenses | ||
Management fees | 19,501,955 | |
Professional fees | + | 4,587 1 |
Total expenses | 19,506,542 | |
Expense reduction by investment adviser | – | 4,587 1 |
Net expenses | – | 19,501,955 |
Net investment income | 227,284,683 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized gains on sales of securities - unaffiliated (net of foreign capital gains tax paid of $6,062,075) | 3,182,075 | |
Net realized gains on sales of in-kind redemptions - unaffiliated | 4,090,043 | |
Net realized losses on futures contracts | (436,518 ) | |
Net realized losses on foreign currency transactions | + | (1,445,457 ) |
Net realized gains | 5,390,143 | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated (net of change in foreign capital gains tax of ($26,920,796)) | 389,403,696 | |
Net change in unrealized appreciation (depreciation) on futures contracts | 833,218 | |
Net change in unrealized appreciation (depreciation) on foreign currency translations | + | (130,932 ) |
Net change in unrealized appreciation (depreciation) | + | 390,105,982 |
Net realized and unrealized gains | 395,496,125 | |
Increase in net assets resulting from operations | $622,780,808 |
1 | Professional fees associated with the filing of foreign withholding tax claims in the European Union are deemed to be non-contingent and non-routine expenses of the fund (see financial notes 2(d) and 4 for additional information). |
OPERATIONS | |||
3/1/23-2/29/24 | 3/1/22-2/28/23 | ||
Net investment income | $227,284,683 | $265,272,788 | |
Net realized gains (losses) | 5,390,143 | (545,871,571 ) | |
Net change in unrealized appreciation (depreciation) | + | 390,105,982 | (153,773,482 ) |
Increase (decrease) in net assets resulting from operations | $622,780,808 | ($434,372,265 ) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($245,342,700 ) | ($239,783,490 ) |
TRANSACTIONS IN FUND SHARES | |||||
3/1/23-2/29/24 | 3/1/22-2/28/23 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 24,300,000 | $635,220,521 | 35,600,000 | $943,221,611 | |
Other capital | — | — | — | 1,902,000 | |
Shares redeemed | + | (3,200,000 ) | (83,731,930 ) | (21,400,000 ) | (567,127,546 ) |
Net transactions in fund shares | 21,100,000 | $551,488,591 | 14,200,000 | $377,996,065 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
3/1/23-2/29/24 | 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) | + | 21,100,000 | 928,926,699 | 14,200,000 | (296,159,690 ) |
End of period | 200,300,000 | $5,458,332,564 | 179,200,000 | $4,529,405,865 |
SCHWAB STRATEGIC TRUST | |
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 | $17,326,258 | $14,445,862 | $87,951 |
Schwab Fundamental U.S. Large Company Index ETF | 363,434,529 | 315,670,986 | (40,399,639 ) |
Schwab Fundamental U.S. Small Company Index ETF | 214,289,281 | 197,780,995 | (25,078,704 ) |
Schwab Fundamental International Large Company Index ETF | 195,454,692 | 215,037,390 | (10,211,840 ) |
Schwab Fundamental International Small Company Index ETF | 123,802,008 | 71,086,526 | (3,260,250 ) |
Schwab Fundamental Emerging Markets Large Company Index ETF | 69,110,808 | 17,730,297 | (743,424 ) |
5. Other Service Providers:
6. Board of Trustees:
7. Borrowing from Banks:
8. Derivatives:
EQUITY CONTRACTS | TOTAL | |
Asset Derivatives | ||
Schwab Fundamental U.S. Broad Market Index ETF | ||
Futures Contracts1 | $12,472 | $12,472 |
Schwab Fundamental U.S. Large Company Index ETF | ||
Futures Contracts1 | 436,213 | 436,213 |
Schwab Fundamental U.S. Small Company Index ETF | ||
Futures Contracts1 | 148,023 | 148,023 |
Schwab Fundamental International Large Company Index ETF | ||
Futures Contracts1 | 1,710,897 | 1,710,897 |
Schwab Fundamental International Small Company Index ETF | ||
Futures Contracts1 | 330,816 | 330,816 |
Schwab Fundamental Emerging Markets Large Company Index ETF | ||
Futures Contracts1 | 213,859 | 213,859 |
1 | Includes cumulative unrealized appreciation of futures contracts as reported in each fund’s Portfolio Holdings. Only current day’s variation margin on futures contracts is reported within the Statement of Assets and Liabilities. |
EQUITY CONTRACTS | TOTAL | |
Net Realized Gains (Losses) | ||
Schwab Fundamental U.S. Broad Market Index ETF | ||
Futures Contracts1 | $129,801 | $129,801 |
Schwab Fundamental U.S. Large Company Index ETF | ||
Futures Contracts1 | 3,820,430 | 3,820,430 |
Schwab Fundamental U.S. Small Company Index ETF | ||
Futures Contracts1 | 1,511,467 | 1,511,467 |
Schwab Fundamental International Large Company Index ETF | ||
Futures Contracts1 | 3,457,955 | 3,457,955 |
Schwab Fundamental International Small Company Index ETF | ||
Futures Contracts1 | 1,121,535 | 1,121,535 |
Schwab Fundamental Emerging Markets Large Company Index ETF | ||
Futures Contracts1 | (436,518 ) | (436,518 ) |
1 | Statement of Operations location: Net realized gains (losses) on futures contracts. |
Net Change in Unrealized Appreciation (Depreciation) | ||
Schwab Fundamental U.S. Broad Market Index ETF | ||
Futures Contracts1 | $24,234 | $24,234 |
Schwab Fundamental U.S. Large Company Index ETF | ||
Futures Contracts1 | 1,108,702 | 1,108,702 |
Schwab Fundamental U.S. Small Company Index ETF | ||
Futures Contracts1 | 155,790 | 155,790 |
Schwab Fundamental International Large Company Index ETF | ||
Futures Contracts1 | 2,370,400 | 2,370,400 |
Schwab Fundamental International Small Company Index ETF | ||
Futures Contracts | 521,650 | 521,650 |
Schwab Fundamental Emerging Markets Large Company Index ETF | ||
Futures Contracts1 | 833,218 | 833,218 |
1 | Statement of Operations location: Net change in unrealized appreciation (depreciation) on futures contracts. |
NOTIONAL AMOUNTS | NUMBER OF CONTRACTS | |
Schwab Fundamental U.S. Broad Market Index ETF | $912,737 | 6 |
Schwab Fundamental U.S. Large Company Index ETF | 18,974,148 | 85 |
Schwab Fundamental U.S. Small Company Index ETF | 11,766,107 | 126 |
Schwab Fundamental International Large Company Index ETF | 53,225,969 | 502 |
Schwab Fundamental International Small Company Index ETF | 17,839,927 | 168 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 30,582,023 | 612 |
PURCHASES OF SECURITIES | SALES OF SECURITIES | |
Schwab Fundamental U.S. Broad Market Index ETF | $68,682,127 | $61,075,667 |
Schwab Fundamental U.S. Large Company Index ETF | 1,265,274,200 | 1,166,268,419 |
Schwab Fundamental U.S. Small Company Index ETF | 1,579,719,893 | 1,390,055,993 |
Schwab Fundamental International Large Company Index ETF | 1,479,871,587 | 1,148,941,181 |
Schwab Fundamental International Small Company Index ETF | 719,271,828 | 638,610,615 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 1,227,592,330 | 796,706,692 |
10. In-Kind Transactions:
IN-KIND PURCHASES OF SECURITIES | IN-KIND SALES OF SECURITIES | |
Schwab Fundamental U.S. Broad Market Index ETF | $141,262,456 | $22,628,061 |
Schwab Fundamental U.S. Large Company Index ETF | 2,584,436,852 | 568,460,170 |
Schwab Fundamental U.S. Small Company Index ETF | 1,670,267,298 | 761,023,228 |
Schwab Fundamental International Large Company Index ETF | 1,468,090,360 | 14,252,854 |
Schwab Fundamental International Small Company Index ETF | 200,107,051 | 81,399,458 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 65,403,875 | 12,163,787 |
TAX COST | GROSS UNREALIZED APPRECIATION | GROSS UNREALIZED DEPRECIATION | NET UNREALIZED APPRECIATION (DEPRECIATION) | |
Schwab Fundamental U.S. Broad Market Index ETF | $543,491,874 | $186,727,007 | ($25,236,430 ) | $161,490,577 |
Schwab Fundamental U.S. Large Company Index ETF | 12,066,756,498 | 3,037,624,757 | (601,109,097 ) | 2,436,515,660 |
Schwab Fundamental U.S. Small Company Index ETF | 7,228,515,736 | 1,545,631,822 | (770,305,796 ) | 775,326,026 |
Schwab Fundamental International Large Company Index ETF | 10,456,571,730 | 2,603,241,327 | (813,566,093 ) | 1,789,675,234 |
Schwab Fundamental International Small Company Index ETF | 3,119,452,341 | 590,124,040 | (456,996,021 ) | 133,128,019 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 5,061,834,814 | 1,281,302,604 | (856,298,243 ) | 425,004,361 |
UNDISTRIBUTED ORDINARY INCOME | NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS | NET OTHER UNREALIZED APPRECIATION (DEPRECIATION) | CAPITAL LOSS CARRYFORWARDS AND OTHER LOSSES | TOTAL | |
Schwab Fundamental U.S. Broad Market Index ETF | $2,346,173 | $161,490,577 | $— | ($20,729,858 ) | $143,106,892 |
Schwab Fundamental U.S. Large Company Index ETF | 49,787,694 | 2,436,515,660 | — | (513,927,495 ) | 1,972,375,859 |
Schwab Fundamental U.S. Small Company Index ETF | 15,919,593 | 775,326,026 | — | (701,843,303 ) | 89,402,316 |
Schwab Fundamental International Large Company Index ETF | 110,215,668 | 1,789,675,234 | (103,094 ) | (335,920,169 ) | 1,563,867,639 |
Schwab Fundamental International Small Company Index ETF | 24,473,131 | 133,128,019 | (195,613 ) | (217,337,538 ) | (59,932,001 ) |
Schwab Fundamental Emerging Markets Large Company Index ETF | 30,003,705 | 425,004,361 | (35,612,077 ) | (576,363,014 ) | (156,967,025 ) |
Schwab Fundamental U.S. Broad Market Index ETF | $20,729,858 |
Schwab Fundamental U.S. Large Company Index ETF | 513,927,495 |
Schwab Fundamental U.S. Small Company Index ETF | 701,843,303 |
Schwab Fundamental International Large Company Index ETF | 335,920,169 |
Schwab Fundamental International Small Company Index ETF | 217,337,538 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 576,363,014 |
CURRENT FISCAL YEAR END DISTRIBUTIONS | PRIOR FISCAL YEAR END DISTRIBUTIONS | |
ORDINARY INCOME | ORDINARY INCOME | |
Schwab Fundamental U.S. Broad Market Index ETF | $10,452,300 | $8,668,580 |
Schwab Fundamental U.S. Large Company Index ETF | 228,247,615 | 197,038,665 |
Schwab Fundamental U.S. Small Company Index ETF | 100,406,860 | 74,669,735 |
Schwab Fundamental International Large Company Index ETF | 385,557,540 | 247,435,740 |
Schwab Fundamental International Small Company Index ETF | 89,978,610 | 51,473,080 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 245,342,700 | 239,783,490 |
12. Subsequent Events:
Denver, Colorado
April 16, 2024
FOREIGN TAX CREDIT | FOREIGN SOURCE INCOME | |
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 | 30,284,855 | 411,506,657 |
Schwab Fundamental International Small Company Index ETF | 9,282,644 | 94,916,963 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 34,752,341 | 274,295,451 |
Schwab Fundamental U.S. Broad Market Index ETF | 100.00 % |
Schwab Fundamental U.S. Large Company Index ETF | 100.00 % |
Schwab Fundamental U.S. Small Company Index ETF | 79.35 % |
Schwab Fundamental International Large Company Index ETF | — % |
Schwab Fundamental International Small Company Index ETF | — % |
Schwab Fundamental Emerging Markets Large Company Index ETF | — % |
Schwab Fundamental U.S. Broad Market Index ETF | $10,452,300 |
Schwab Fundamental U.S. Large Company Index ETF | 228,247,615 |
Schwab Fundamental U.S. Small Company Index ETF | 82,003,463 |
Schwab Fundamental International Large Company Index ETF | 322,551,926 |
Schwab Fundamental International Small Company Index ETF | 74,085,180 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 117,940,039 |
Schwab Fundamental U.S. Broad Market Index ETF | $— |
Schwab Fundamental U.S. Large Company Index ETF | — |
Schwab Fundamental U.S. Small Company Index ETF | 16,307,455 |
Schwab Fundamental International Large Company Index ETF | — |
Schwab Fundamental International Small Company Index ETF | — |
Schwab Fundamental Emerging Markets Large Company Index ETF | — |
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.; Co-Chairman of the Board (July 2022 – present) and Director (Apr. 2006 – present), Charles Schwab Bank, SSB; Co-Chairman of the Board (July 2022 – present) and Director (Nov. 2017 – present), Charles Schwab Premier Bank, SSB; Co-Chairman of the Board (July 2022 – present) and 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.; Manager (Sept. 2023 – present), TD Ameritrade Holding LLC; Director (Oct. 2020 – Aug. 2023), 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, 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) | Chief Executive Officer (Jan. 2022 – present), President (Oct. 2023 – present), (Chief Investment Officer (Apr. 2011 – present) and Senior Vice President (Apr. 2011 – Jan. 2022), 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), President (Oct. 2023 – present), Chief Investment Officer (June 2011 – present) and Vice President (June 2011 – Sept. 2023), Schwab Funds, Laudus Trust and Schwab ETFs. |
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; Chief Financial Officer (Mar. 2020 – present), Chief Operating Officer (Oct. 2023 – present), Managing Director (Mar. 2023 – present) and Vice President (Oct. 2013 – Mar. 2023), Charles Schwab Investment Management, Inc. |
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.; Managing Director (May 2022 – present) and Vice President (Apr. 2022 – May 2022), Charles Schwab & Co., Inc. |
Patrick Cassidy 1964 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 2018) | Chief Investment Officer (Oct. 2023 – present) and Vice President (Feb. 2018 – present), Schwab Funds, Laudus Trust and Schwab ETFs; Managing Director (Mar. 2023 – present), Chief Investment Officer (Oct. 2023 – present), and Senior Vice President (Oct. 2012 – Mar. 2023), Charles Schwab Investment Management, Inc. |
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), Senior Vice President (Jan. 2020 – Mar. 2023) and Chief Investment Officer (Jan. 2020 – present) 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) | Chief Legal Officer (Mar. 2022 – present), Managing Director (Mar. 2023 – present) and Vice President (Sept. 2005 – Mar. 2023), Charles Schwab Investment Management, Inc.; Managing Director (May 2022 – present) and Vice President (Aug. 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. |
Index ETF
Printed on recycled paper.
Item 2: Code of Ethics.
(a) | Registrant has adopted a code of ethics that applies to its principal executive officer, principal financial officer, and any other persons who perform a similar function, regardless of whether these individuals are employed by Registrant or a third party. |
(c) | During the period covered by the report, no amendments were made to the provisions of this code of ethics. |
(d) | During the period covered by the report, Registrant did not grant any waivers, including implicit waivers, from the provisions of this code of ethics. |
(f)(1) | Registrant has filed this code of ethics as an exhibit pursuant to Item 19(a)(1) of Form N-CSR. |
Item 3: Audit Committee Financial Expert.
Registrant’s Board of Trustees has determined that Kimberly S. Patmore, Michael J. Beer and J. Derek Penn, each currently serving on its audit, compliance and valuation committee, are each an “audit committee financial expert,” as such term is defined in Item 3 of Form N-CSR. Each member of Registrant’s audit, compliance and valuation committee is “independent” under the standards set forth in Item 3 of Form N-CSR.
The designation of each of Ms. Patmore, Mr. Beer and Mr. Penn as an “audit committee financial expert” pursuant to Item 3 of Form N-CSR does not (i) impose upon such individual any duties, obligations, or liability that are greater than the duties, obligations and liability imposed upon such individual as a member of Registrant’s audit, compliance and valuation committee or Board of Trustees in the absence of such designation; and (ii) affect the duties, obligations or liability of any other member of Registrant’s audit, compliance and valuation committee or Board of Trustees.
Item 4: Principal Accountant Fees and Services.
Registrant is composed of thirty operational series. Seven series have a fiscal year-end of the last day of February, whose annual financial statements are reported in Item 1, two series have a fiscal year-end of March 31, thirteen series have a fiscal year-end of August 31, and eight series have a fiscal year-end of December 31. Principal accountant fees disclosed in Items 4(a)-(d) and 4(g) include fees billed for services rendered to each of the thirty operational series during 2023/2024 and the twenty-nine operational series during 2022/2023, based on their respective 2023/2024 and 2022/2023 fiscal years, as applicable.
The following table presents fees billed by the principal accountant in each of the last two fiscal years for the services rendered to the Funds:
(a) Audit Fees1 | (b) Audit-Related Fees | (c) Tax Fees2 | (d) All Other Fees | |||||||||||||||||||||||||
Fiscal Year | Fiscal Year 2022/2023 | Fiscal Year 2023/2024 | Fiscal Year 2022/2023 | Fiscal Year 2023/2024 | Fiscal Year 2022/2023 | Fiscal Year 2023/2024 | Fiscal Year 2022/2023 | |||||||||||||||||||||
$558,674 | $ | 505,650 | $ | 0 | $ | 0 | $ | 98,550 | $ | 89,900 | $ | 0 | $ | 0 |
1 | The nature of the services includes audit of the registrant’s annual financial statements and normally provided services in connection with regulatory filings for those fiscal years. |
2 | The nature of the services includes tax compliance, tax advice and tax planning. |
(e) (1) Registrant’s audit, compliance and valuation committee does not have pre-approval policies and procedures as described in paragraph (c)(7) of Rule 2-01 of Regulation S-X.
(2) There were no services described in each of paragraphs (b) through (d) above that were approved by Registrant’s audit, compliance and valuation committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.
(f) Not applicable.
(g) Below are the aggregate non-audit fees billed in each of the last two fiscal years by Registrant’s principal accountant for services rendered to Registrant, to Registrant’s investment adviser, and to any entity controlling, controlled by, or under common control with Registrant’s investment adviser that provides ongoing services to Registrant.
2023/2024: $4,105,914 | 2022/2023: $ | 2,859,315 |
(h) During the past fiscal year, all non-audit services provided by Registrant’s principal accountant to either Registrant’s investment adviser or to any entity controlling, controlled by, or under common control with Registrant’s investment adviser that provides ongoing services to Registrant were pre-approved. Included in the audit, compliance and valuation committee’s pre-approval was the review and consideration as to whether the provision of these non-audit services is compatible with maintaining the principal accountant’s independence.
(i) Not applicable.
(j) Not applicable.
Item 5: Audit Committee of Listed Registrants.
The Registrant is a listed issuer as defined in Rule 10A-3 under the Exchange Act and has separately-designated standing audit, compliance and valuation committee established in accordance with Section 3(a)(58)(A) of the Exchange Act. The Registrant’s audit, compliance and valuation committee members are J. Derek Penn, Michael J. Beer and Kimberly S. Patmore.
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: Financial Statements and Financial Highlights for Open-End Management Investment Companies.
The financial statements and financial highlights are included as part of the report to shareholders filed under Item 1 of this Form.
Item 8: Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not applicable.
Item 9: Proxy Disclosures for Open-End Management Investment Companies.
Not applicable.
Item 10: Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
The remuneration paid to directors, officers and others are included as part of the report to shareholders filed under Item 1 of this Form.
Item 11: Statement Regarding Basis for Approval of Investment Advisory Contract.
Not applicable.
Item 12: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 13: Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 14: Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 15: Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 16: 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 Principal Executive Officer, Omar Aguilar and Registrant’s Principal 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 17: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 18: Recovery of Erroneously Awarded Compensation.
(a) Not applicable.
(b) Not applicable.
Item 19: Exhibits.
(a) (1) |
(2) | Not applicable. |
(3) |
(b) |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Schwab Strategic Trust – Schwab U.S. REIT ETF and Schwab Fundamental Index ETFs
By: | /s/ Omar Aguilar | |
Omar Aguilar Principal Executive Officer | ||
Date: | April 16, 2024 |
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 Principal Executive Officer | ||
Date: | April 16, 2024 | |
By: | /s/ Dana Smith | |
Dana Smith Principal Financial Officer | ||
Date: | April 16, 2024 |