SECURITIES AND EXCHANGE COMMISSION
REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-22311
-----------------------------------------------
(Exact name of registrant as specified in charter)
211 Main Street, San Francisco, California 94105
-------------------------------------------------------------------
(Address of principal executive offices) (Zip code)
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, 2020
Item 1: Report(s) to Shareholders.
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/imga93020f21.jpg)
New Notice Regarding Shareholder Report Delivery Options |
Beginning on January 1, 2021, paper copies of a fund’s shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from your financial intermediary (such as a bank or broker-dealer). Instead, the reports will be made available on a fund’s website www.schwabfunds.com/schwabetfs_prospectus, and you will be notified by mail each time a report is posted and the mailing will provide a website link to access the report. You will continue to receive other fund regulatory documents (such as prospectuses or supplements) in paper unless you have elected to receive all fund documents electronically. |
If you would like to receive a fund’s future shareholder reports in paper free of charge after January 1, 2021, you can make that request: |
• If you invest through Charles Schwab & Co, Inc. (broker-dealer), by calling 1-866-345-5954 and using the unique identifier attached to this mailing; or |
• If you invest through another financial intermediary (such as a bank or broker-dealer) by contacting them directly. |
If you already receive shareholder reports and other fund documents electronically, you will not be affected by this change and you need not take any action. |
Total Returns for the 12 Months Ended February 29, 2020 | |
Schwab U.S. REIT ETF (Ticker Symbol: SCHH) | |
Market Price Return1 | 0.74% |
NAV Return1 | 0.59% |
Dow Jones U.S. Select REIT IndexTM | 0.66% |
ETF Category: Morningstar Real Estate2 | 6.27% |
Performance Details | pages 7-9 |
1 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price on the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
2 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/img16ac653b2.jpg)
President of Charles Schwab
Investment Management, Inc.
and the fund covered
in this report.
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/img67ccd50a3.jpg)
* | The net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes. |
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/img1d5a5a8d4.jpg)
Category: | S&P 500{R} Index: | Dow Jones U.S. Select REIT Index{TM}: | MSCI EAFE{R} Index (Net)*: | Bloomberg Barclays US Aggregate Bond Index: |
Description: | measures U.S. large-cap stocks | measures U.S. real estate investment trusts (REITs) | measures (in U.S. dollars) large-cap stocks in Europe, Australasia and the Far East | measures the U.S. bond market |
Line Style | 1 | 2 | 3 | 4 |
2/28/2019 | 0.00 | 0.00 | 0.00 | 0.00 |
3/7/2019 | -1.24 | -0.49 | -0.68 | 0.42 |
3/14/2019 | 0.96 | 2.06 | 0.24 | 0.53 |
3/21/2019 | 2.64 | 2.23 | 1.64 | 1.13 |
3/28/2019 | 1.26 | 3.41 | 0.07 | 2.02 |
4/4/2019 | 3.59 | 3.50 | 2.54 | 1.52 |
4/11/2019 | 3.96 | 3.69 | 2.59 | 1.70 |
4/18/2019 | 4.58 | 1.20 | 3.25 | 1.56 |
4/25/2019 | 5.35 | 2.15 | 2.81 | 1.76 |
5/2/2019 | 5.06 | 3.22 | 2.99 | 1.74 |
5/9/2019 | 3.43 | 1.88 | 0.38 | 2.16 |
5/16/2019 | 3.73 | 4.32 | 1.01 | 2.48 |
5/23/2019 | 1.81 | 4.01 | -0.39 | 2.98 |
5/30/2019 | 0.64 | 1.84 | -1.05 | 3.33 |
6/6/2019 | 2.68 | 4.40 | 0.51 | 3.85 |
6/13/2019 | 4.46 | 5.48 | 1.90 | 4.19 |
6/20/2019 | 6.75 | 7.25 | 4.05 | 4.93 |
6/27/2019 | 5.72 | 3.11 | 3.87 | 5.00 |
7/4/2019 | 8.32 | 6.69 | 5.83 | 5.39 |
7/11/2019 | 8.51 | 6.51 | 4.20 | 4.60 |
7/18/2019 | 8.36 | 5.99 | 3.48 | 5.11 |
7/25/2019 | 8.69 | 4.69 | 4.18 | 5.05 |
8/1/2019 | 6.90 | 4.99 | 2.86 | 5.97 |
8/8/2019 | 6.39 | 6.82 | 0.36 | 6.76 |
8/15/2019 | 3.20 | 6.04 | -2.20 | 7.70 |
8/22/2019 | 5.97 | 7.70 | -0.43 | 7.35 |
8/29/2019 | 6.07 | 7.66 | -0.28 | 7.92 |
9/5/2019 | 7.99 | 9.06 | 2.11 | 7.70 |
9/12/2019 | 9.25 | 9.22 | 3.84 | 6.63 |
9/19/2019 | 9.19 | 9.59 | 4.31 | 6.86 |
9/26/2019 | 8.15 | 10.93 | 3.33 | 7.32 |
10/3/2019 | 5.77 | 10.36 | 0.89 | 8.14 |
10/10/2019 | 6.80 | 10.42 | 1.79 | 7.53 |
10/17/2019 | 9.00 | 11.15 | 5.08 | 7.21 |
10/24/2019 | 9.47 | 13.11 | 6.15 | 7.26 |
10/31/2019 | 10.48 | 11.99 | 6.92 | 7.77 |
11/7/2019 | 12.28 | 9.04 | 8.38 | 6.68 |
11/14/2019 | 12.76 | 9.52 | 7.37 | 7.31 |
11/21/2019 | 13.07 | 8.59 | 7.48 | 7.53 |
11/28/2019 | 14.92 | 11.05 | 8.55 | 7.71 |
12/5/2019 | 13.68 | 9.82 | 7.88 | 7.65 |
12/12/2019 | 15.58 | 6.44 | 9.00 | 7.30 |
12/19/2019 | 16.97 | 7.33 | 10.85 | 7.49 |
12/26/2019 | 18.25 | 8.05 | 11.28 | 7.56 |
1/2/2020 | 18.95 | 7.63 | 12.30 | 7.79 |
1/9/2020 | 19.62 | 7.64 | 11.61 | 7.88 |
1/16/2020 | 21.18 | 11.36 | 12.31 | 8.28 |
1/23/2020 | 21.52 | 12.63 | 11.65 | 8.76 |
1/30/2020 | 20.01 | 11.27 | 9.60 | 9.55 |
2/6/2020 | 22.32 | 11.78 | 11.75 | 9.26 |
2/13/2020 | 23.44 | 13.98 | 11.58 | 9.50 |
2/20/2020 | 23.47 | 15.14 | 9.98 | 10.00 |
2/27/2020 | 9.07 | 3.17 | 2.61 | 10.90 |
2/29/2020 | 8.19 | 0.66 | -0.57 | 11.68 |
* | The net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes. |
![]() | Christopher Bliss, CFA, Vice President and Head of Passive Equity Strategies, leads the portfolio management team for Schwab’s passive equity mutual funds and ETFs. He also has overall responsibility for all aspects of the management of the fund. Prior to joining CSIM in 2016, Mr. Bliss spent 12 years at BlackRock (formerly Barclays Global Investors) managing and leading institutional index teams, most recently as a managing director and head of the Americas institutional index team. Prior to BlackRock, he worked as an equity analyst and portfolio manager for Harris Bretall and before that, as a research analyst for JP Morgan. |
![]() | Jeremy Brown, Portfolio Manager, is responsible for the day-to-day co-management of the fund. Prior to joining CSIM 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, is responsible for the day-to-day co-management of the fund. Prior to joining CSIM in 2010, Mr. Juwono worked at BlackRock (formerly Barclays Global Investors), where he spent more than three years as a portfolio manager, managing equity index funds for institutional clients, and two years as a senior business analyst. Prior to that, Mr. Juwono worked for more than four years as a senior financial analyst with Union Bank of California. |
![]() | Sabya Sinha, Portfolio Manager, is responsible for the day-to-day co-management of the fund. Prior to joining CSIM in 2015, Mr. Sinha spent a year at F-Squared Investments on the product development and analytics team. Prior to F-Squared, he worked at IndexIQ Advisors as a senior index portfolio manager for three years and for Bank of America’s Columbia Management subsidiary as a portfolio manager for three years. |
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/lg_2meh.jpg)
Schwab U.S. REIT ETF | Fund (Market Price) | Fund (NAV) | Dow Jones U.S. Select REIT Index\s(TM) |
Start Date | 1/13/2011 | End Date | 2/29/2020 |
12/2010 | 10000 | 10000 | 10000 |
1/2011 | 10386 | 10378 | 10377.23 |
2/2011 | 10855.2 | 10847.2 | 10851.18 |
3/2011 | 10692.87 | 10684.89 | 10692.3 |
4/2011 | 11324.45 | 11316.47 | 11326.27 |
5/2011 | 11496.33 | 11492.35 | 11502.15 |
6/2011 | 11110.42 | 11106.47 | 11116.56 |
7/2011 | 11303.78 | 11303.86 | 11318.88 |
8/2011 | 10671.32 | 10687.51 | 10698.66 |
9/2011 | 9498.65 | 9494.72 | 9500.55 |
10/2011 | 10894.63 | 10883 | 10896.52 |
11/2011 | 10456.64 | 10456.77 | 10467.93 |
12/2011 | 10953.02 | 10945.05 | 10960.06 |
1/2012 | 11652.84 | 11644.88 | 11664.88 |
2/2012 | 11527.53 | 11514.68 | 11534.86 |
3/2012 | 12124.58 | 12116.59 | 12138.85 |
4/2012 | 12482.46 | 12476.94 | 12503.94 |
5/2012 | 11903.46 | 11907.76 | 11933.51 |
6/2012 | 12551.65 | 12560.96 | 12593.77 |
7/2012 | 12812.18 | 12800.06 | 12833.23 |
8/2012 | 12774.25 | 12762.95 | 12798.78 |
9/2012 | 12499.72 | 12508.24 | 12546.43 |
10/2012 | 12400.42 | 12396.52 | 12431.76 |
11/2012 | 12330.08 | 12334.46 | 12370.1 |
12/2012 | 12785.38 | 12794.86 | 12836.54 |
1/2013 | 13220.13 | 13228.87 | 13272.24 |
2/2013 | 13345.32 | 13337.37 | 13383.05 |
3/2013 | 13695.97 | 13690.6 | 13739.69 |
4/2013 | 14621.51 | 14630.44 | 14684.92 |
5/2013 | 13761.42 | 13753.53 | 13805.1 |
6/2013 | 13531.42 | 13510.78 | 13562.43 |
7/2013 | 13628.43 | 13612.01 | 13666.81 |
8/2013 | 12654.07 | 12679.8 | 12729.33 |
9/2013 | 13095.8 | 13083.46 | 13135.7 |
10/2013 | 13634.04 | 13613.24 | 13670.51 |
11/2013 | 12892.37 | 12867.31 | 12920.49 |
12/2013 | 12945.52 | 12937.37 | 12992.61 |
1/2014 | 13437.66 | 13459.49 | 13520.03 |
2/2014 | 14143.78 | 14148.51 | 14212.17 |
3/2014 | 14262.03 | 14271.16 | 14336.73 |
4/2014 | 14791.85 | 14801 | 14864.53 |
5/2014 | 15166.6 | 15162.84 | 15230.69 |
6/2014 | 15305.07 | 15292.68 | 15362 |
7/2014 | 15322.38 | 15322.97 | 15393.9 |
8/2014 | 15746.44 | 15751.37 | 15822.8 |
9/2014 | 14827.02 | 14836.35 | 14901.19 |
10/2014 | 16402.88 | 16425.34 | 16499.51 |
11/2014 | 16764.2 | 16769.26 | 16847.26 |
12/2014 | 17071.21 | 17067.64 | 17150.07 |
1/2015 | 18206.37 | 18202.85 | 18297.49 |
2/2015 | 17605.92 | 17549.77 | 17642.06 |
3/2015 | 17854.94 | 17864.63 | 17958.33 |
4/2015 | 16833.4 | 16829.83 | 16917.88 |
5/2015 | 16820.19 | 16821.02 | 16911.41 |
6/2015 | 16079.16 | 16075.51 | 16163.13 |
7/2015 | 17039.84 | 17027.38 | 17121.93 |
8/2015 | 16034.89 | 16031.24 | 16118.64 |
9/2015 | 16562.6 | 16567.85 | 16662.48 |
10/2015 | 17533.46 | 17525.4 | 17633.23 |
11/2015 | 17432.14 | 17427.41 | 17536.42 |
12/2015 | 17818.6 | 17810.46 | 17918.39 |
1/2016 | 17112.87 | 17104.7 | 17211.31 |
2/2016 | 16942.05 | 16951.86 | 17057.13 |
3/2016 | 18699.14 | 18713.63 | 18835.54 |
4/2016 | 18166.17 | 18162.56 | 18283.8 |
5/2016 | 18536.54 | 18528.43 | 18650.83 |
6/2016 | 19728.2 | 19724.81 | 19857.1 |
7/2016 | 20568.38 | 20583.2 | 20725.56 |
8/2016 | 19878.07 | 19883.77 | 20024.43 |
9/2016 | 19476.57 | 19473.1 | 19611.75 |
10/2016 | 18380.58 | 18381.62 | 18507.6 |
11/2016 | 18129.42 | 18116.74 | 18257.67 |
12/2016 | 18969.32 | 18951.96 | 19114.73 |
1/2017 | 18793.68 | 18790.18 | 18950.62 |
2/2017 | 19440.78 | 19451.18 | 19614.71 |
3/2017 | 18900.88 | 18902.01 | 19063.01 |
4/2017 | 18854.53 | 18851.02 | 19017.39 |
5/2017 | 18743.29 | 18744.41 | 18911.98 |
6/2017 | 19212.79 | 19199.99 | 19375 |
7/2017 | 19375.97 | 19377.16 | 19552.66 |
8/2017 | 19226.78 | 19223.3 | 19397.32 |
9/2017 | 19285.19 | 19277.07 | 19449.07 |
10/2017 | 19064.82 | 19066.06 | 19237.19 |
11/2017 | 19655.61 | 19652.21 | 19828.68 |
12/2017 | 19666.96 | 19654.07 | 19834.11 |
1/2018 | 18882.55 | 18883.78 | 19048.08 |
2/2018 | 17526.37 | 17522.79 | 17675.83 |
3/2018 | 18200.59 | 18201.81 | 18361.4 |
4/2018 | 18467.06 | 18468.3 | 18632.86 |
5/2018 | 19195.08 | 19201.13 | 19373.74 |
6/2018 | 20027.07 | 20014.03 | 20195.27 |
7/2018 | 20127.73 | 20124.29 | 20306.37 |
8/2018 | 20736.5 | 20723.51 | 20910.8 |
9/2018 | 20161.22 | 20157.78 | 20340.93 |
10/2018 | 19629.77 | 19640.79 | 19822.46 |
11/2018 | 20576.72 | 20592.64 | 20783.65 |
12/2018 | 18836.43 | 18828.11 | 18997.31 |
1/2019 | 20964.15 | 20970.67 | 21165.01 |
2/2019 | 21189.15 | 21176.13 | 21369.25 |
3/2019 | 21792.55 | 21784.47 | 21984.59 |
4/2019 | 21748.41 | 21740.32 | 21942.23 |
5/2019 | 21655.21 | 21666.74 | 21867.44 |
6/2019 | 21962.34 | 21959.17 | 22164.41 |
7/2019 | 22313.22 | 22305.14 | 22518.7 |
8/2019 | 22817.31 | 22833.98 | 23053.46 |
9/2019 | 23465.36 | 23452.29 | 23678.07 |
10/2019 | 23719.06 | 23701.05 | 23930.46 |
11/2019 | 23365.86 | 23382.64 | 23608.05 |
12/2019 | 23148.06 | 23159.9 | 23386.36 |
1/2020 | 23238.71 | 23255.6 | 23483.65 |
2/2020 | 21344.96 | 21301.27 | 21509.82 |
Fund and Inception Date | 1 Year | 5 Years | Since Inception* |
Fund: Schwab U.S. REIT ETF (1/13/11) | |||
Market Price Return2 | 0.74% | 3.93% | 8.66% |
NAV Return2 | 0.59% | 3.95% | 8.64% |
Dow Jones U.S. Select REIT IndexTM | 0.66% | 4.04% | 8.75% |
ETF Category: Morningstar Real Estate3 | 6.27% | 4.83% | N/A |
Fund Expense Ratio4: 0.07% |
* | Inception (1/13/11) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price on the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. |
Number of Holdings | 95 |
Weighted Average Market Cap (millions) | $19,746 |
Price/Earnings Ratio (P/E) | 28.7 |
Price/Book Ratio (P/B) | 2.3 |
Portfolio Turnover Rate | 6%2 |
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/img44c59ba49.jpg)
2MEHSCHH | Value | Override |
Residential REITs | 26.5 | |
Industrial REITs | 14.4 | |
Retail REITs | 14 | |
Office REITs | 13.4 | |
Specialized REITs | 13 | |
Health Care REITs | 11.4 | |
Hotel & Resort REITs | 5.7 | |
Diversified REITs | 1.3 | |
Other | 0.3 |
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/img963ab3fa10.jpg)
Prologis, Inc. | 9.5 | |
Simon Property Group, Inc. | 5.7 | |
Public Storage | 4.8 | |
Welltower, Inc. | 4.6 | |
AvalonBay Communities, Inc. | 4.3 | |
Equity Residential | 4 | |
Digital Realty Trust, Inc. | 3.8 | |
Ventas, Inc. | 3 | |
Essex Property Trust, Inc. | 2.8 | |
Boston Properties, Inc. | 2.8 |
1 | Excludes derivatives. |
2 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
3 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
4 | This list is not a recommendation of any security by the investment adviser. |
Expense Ratio (Annualized)1 | Beginning Account Value at 9/1/19 | Ending Account Value (Net of Expenses) at 2/29/20 | Expenses Paid During Period 9/1/19-2/29/202 | |
Schwab U.S. REIT ETF | ||||
Actual Return | 0.07% | $1,000.00 | $932.90 | $0.34 |
Hypothetical 5% Return | 0.07% | $1,000.00 | $1,024.55 | $0.35 |
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 of the period, and divided by 366 days of the fiscal year. |
3/1/19– 2/29/20 | 3/1/18– 2/28/19 | 3/1/17– 2/28/18 | 3/1/16– 2/28/17 | 3/1/15– 2/29/16 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $43.29 | $37.08 | $42.08 | $37.71 | $40.04 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 1.32 | 1.29 | 1.20 | 1.04 | 1.03 | |
Net realized and unrealized gains (losses) | (1.00) | 6.33 | (5.28) | 4.48 | (2.38) | |
Total from investment operations | 0.32 | 7.62 | (4.08) | 5.52 | (1.35) | |
Less distributions: | ||||||
Distributions from net investment income | (1.32) | (1.41) | (0.92) | (1.15) | (0.98) | |
Net asset value at end of period | $42.29 | $43.29 | $37.08 | $42.08 | $37.71 | |
Total return | 0.59% | 20.85% | (9.91%) | 14.74% | (3.41%) | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | |
Net investment income (loss) | 2.88% | 3.17% | 2.93% | 2.50% | 2.70% | |
Portfolio turnover rate2 | 6% | 7% | 8% | 14% | 12% | |
Net assets, end of period (x 1,000) | $5,717,395 | $5,127,268 | $3,691,377 | $3,037,968 | $1,823,208 | |
Security | Number of Shares | Value ($) |
Common Stock 99.9% of net assets | ||
Diversified REITs 1.4% | ||
American Assets Trust, Inc. | 416,679 | 17,271,344 |
Empire State Realty Trust, Inc., Class A | 1,297,921 | 15,185,676 |
PS Business Parks, Inc. | 173,989 | 25,846,066 |
Washington Real Estate Investment Trust | 700,092 | 18,797,470 |
77,100,556 | ||
Health Care REITs 11.4% | ||
Diversified Healthcare Trust | 2,068,322 | 13,009,746 |
Healthcare Realty Trust, Inc. | 1,161,830 | 39,850,769 |
Healthpeak Properties, Inc. | 4,300,063 | 136,053,993 |
LTC Properties, Inc. | 345,393 | 15,483,968 |
Universal Health Realty Income Trust | 110,012 | 11,850,493 |
Ventas, Inc. | 3,238,131 | 174,114,304 |
Welltower, Inc. | 3,524,348 | 263,691,717 |
654,054,990 | ||
Hotel & Resort REITs 5.7% | ||
Apple Hospitality REIT, Inc. | 1,828,237 | 23,895,058 |
Ashford Hospitality Trust, Inc. | 733,989 | 1,585,416 |
Chatham Lodging Trust | 406,836 | 5,671,294 |
CorePoint Lodging, Inc. | 335,298 | 2,668,972 |
DiamondRock Hospitality Co. | 1,739,784 | 15,866,830 |
Hersha Hospitality Trust | 311,169 | 3,587,779 |
Host Hotels & Resorts, Inc. | 6,230,559 | 90,218,494 |
Park Hotels & Resorts, Inc. | 2,079,779 | 37,976,765 |
Pebblebrook Hotel Trust | 1,134,935 | 22,937,036 |
RLJ Lodging Trust | 1,481,356 | 19,568,713 |
Ryman Hospitality Properties, Inc. | 472,985 | 32,877,187 |
Service Properties Trust | 1,428,244 | 25,822,651 |
Summit Hotel Properties, Inc. | 913,618 | 8,469,239 |
Sunstone Hotel Investors, Inc. | 1,953,481 | 21,390,617 |
Xenia Hotels & Resorts, Inc. | 978,735 | 14,641,876 |
327,177,927 | ||
Industrial REITs 14.4% | ||
Americold Realty Trust | 1,665,893 | 51,092,938 |
Duke Realty Corp. | 3,193,461 | 103,691,679 |
EastGroup Properties, Inc. | 333,665 | 41,951,700 |
First Industrial Realty Trust, Inc. | 1,102,849 | 42,459,687 |
Prologis, Inc. | 6,412,955 | 540,483,847 |
Rexford Industrial Realty, Inc. | 963,496 | 45,062,708 |
824,742,559 | ||
Office REITs 13.4% | ||
Boston Properties, Inc. | 1,249,322 | 161,087,579 |
Brandywine Realty Trust | 1,530,661 | 20,786,376 |
Columbia Property Trust, Inc. | 1,015,551 | 19,153,292 |
Corporate Office Properties Trust | 973,389 | 24,665,677 |
Cousins Properties, Inc. | 1,274,964 | 45,503,465 |
Douglas Emmett, Inc. | 1,431,957 | 54,672,118 |
Easterly Government Properties, Inc. | 643,053 | 15,285,370 |
Equity Commonwealth | 1,058,875 | 33,312,208 |
Security | Number of Shares | Value ($) |
Franklin Street Properties Corp. | 929,749 | 6,629,110 |
Highwoods Properties, Inc. | 901,291 | 40,449,940 |
Hudson Pacific Properties, Inc. | 1,346,191 | 43,455,046 |
JBG SMITH Properties | 1,025,392 | 37,611,379 |
Kilroy Realty Corp. | 847,318 | 61,591,545 |
Mack-Cali Realty Corp. | 787,004 | 14,937,336 |
Office Properties Income Trust | 419,264 | 12,213,160 |
Paramount Group, Inc. | 1,748,952 | 21,249,767 |
Piedmont Office Realty Trust, Inc., Class A | 1,092,615 | 23,589,558 |
SL Green Realty Corp. | 708,162 | 55,548,227 |
Vornado Realty Trust | 1,376,174 | 73,735,403 |
765,476,556 | ||
Residential REITs 26.6% | ||
American Campus Communities, Inc. | 1,193,741 | 51,856,109 |
American Homes 4 Rent, Class A | 2,214,033 | 57,321,314 |
Apartment Investment & Management Co., Class A | 1,293,546 | 61,883,241 |
AvalonBay Communities, Inc. | 1,213,418 | 243,399,517 |
Camden Property Trust | 841,305 | 89,161,504 |
Equity LifeStyle Properties, Inc. | 1,581,745 | 108,080,636 |
Equity Residential | 3,032,583 | 227,746,983 |
Essex Property Trust, Inc. | 574,113 | 162,680,660 |
Front Yard Residential Corp. | 427,650 | 5,422,602 |
Independence Realty Trust, Inc. | 789,653 | 10,470,799 |
Invitation Homes, Inc. | 4,676,976 | 134,182,441 |
Mid-America Apartment Communities, Inc. | 990,951 | 128,090,326 |
Sun Communities, Inc. | 805,164 | 123,093,472 |
UDR, Inc. | 2,546,281 | 114,531,719 |
1,517,921,323 | ||
Retail REITs 14.0% | ||
Acadia Realty Trust | 755,391 | 17,253,130 |
Brixmor Property Group, Inc. | 2,587,556 | 47,119,395 |
CBL & Associates Properties, Inc. | 1,504,229 | 798,445 |
Federal Realty Investment Trust | 610,174 | 70,987,643 |
Kimco Realty Corp. | 3,668,194 | 63,643,166 |
Kite Realty Group Trust | 729,553 | 11,782,281 |
Pennsylvania Real Estate Investment Trust (a) | 517,129 | 1,220,424 |
Regency Centers Corp. | 1,455,727 | 83,616,959 |
Retail Opportunity Investments Corp. | 1,008,073 | 15,121,095 |
Retail Properties of America, Inc., Class A | 1,856,134 | 19,433,723 |
Retail Value, Inc. | 134,279 | 3,731,613 |
RPT Realty | 695,883 | 9,018,644 |
Seritage Growth Properties, Class A | 291,144 | 10,009,531 |
Simon Property Group, Inc. | 2,665,887 | 328,117,372 |
SITE Centers Corp. | 1,296,434 | 14,921,955 |
Tanger Factory Outlet Centers, Inc. (a) | 806,998 | 9,667,836 |
Taubman Centers, Inc. | 531,835 | 27,687,330 |
The Macerich Co. (a) | 957,363 | 19,549,353 |
Urban Edge Properties | 1,000,625 | 16,210,125 |
Washington Prime Group, Inc. (a) | 1,609,351 | 4,425,715 |
Weingarten Realty Investors | 1,050,775 | 28,297,371 |
802,613,106 | ||
Security | Number of Shares | Value ($) |
Specialized REITs 13.0% | ||
CubeSmart | 1,681,542 | 50,900,276 |
Digital Realty Trust, Inc. | 1,813,227 | 217,786,695 |
Extra Space Storage, Inc. | 1,125,160 | 112,921,058 |
Life Storage, Inc. | 405,243 | 43,729,772 |
National Storage Affiliates Trust | 515,359 | 17,388,213 |
Public Storage | 1,304,806 | 272,861,031 |
QTS Realty Trust, Inc., Class A | 504,768 | 28,352,818 |
743,939,863 | ||
Total Common Stock | ||
(Cost $5,669,446,718) | 5,713,026,880 | |
Other Investment Companies 0.4% of net assets | ||
Money Market Fund 0.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.53% (b) | 1,057,466 | 1,057,466 |
Securities Lending Collateral 0.4% | ||
Wells Fargo Government Money Market Fund, Select Class 1.52% (b) | 18,582,069 | 18,582,069 |
Total Other Investment Companies | ||
(Cost $19,639,535) | 19,639,535 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
Long | ||||||
Dow Jones U.S. Real Estate Index, expires 03/20/20 | 112 | 3,869,600 | (440,173) |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $17,856,665. |
(b) | The rate shown is the 7-day yield. |
REIT — | Real Estate Investment Trust |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Common Stock1 | $5,713,026,880 | $— | $— | $5,713,026,880 | |
Other Investment Companies1 | 19,639,535 | — | — | 19,639,535 | |
Liabilities | |||||
Futures Contracts2 | (440,173) | — | — | (440,173) | |
Total | $5,732,226,242 | $— | $— | $5,732,226,242 |
1 | As categorized in Portfolio Holdings. |
2 | Futures contracts are valued at unrealized appreciation or depreciation. |
Assets | ||
Investments in unaffiliated issuers, at value (cost $5,670,504,184) including securities on loan of $17,856,665 | $5,714,084,346 | |
Collateral invested for securities on loan, at value (cost $18,582,069) | 18,582,069 | |
Cash | 34,320 | |
Deposit with broker for futures contracts | 999,578 | |
Receivables: | ||
Investments sold | 29,546,837 | |
Fund shares sold | 82,246,923 | |
Dividends | 2,934,813 | |
Income from securities on loan | + | 73,408 |
Total assets | 5,848,502,294 | |
Liabilities | ||
Collateral held for securities on loan | 18,582,069 | |
Payables: | ||
Investments bought | 73,479,174 | |
Management fees | 335,079 | |
Fund shares redeemed | 38,270,560 | |
Variation margin on futures contracts | + | 439,950 |
Total liabilities | 131,106,832 | |
Net Assets | ||
Total assets | 5,848,502,294 | |
Total liabilities | – | 131,106,832 |
Net assets | $5,717,395,462 | |
Net Assets by Source | ||
Capital received from investors | 5,716,332,659 | |
Total distributable earnings | 1,062,803 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$5,717,395,462 | 135,200,000 | $42.29 | ||
Investment Income | ||
Dividends (net of foreign withholding tax of $25,612) | $170,176,168 | |
Securities on loan, net | + | 345,138 |
Total investment income | 170,521,306 | |
Expenses | ||
Management fees | 4,052,048 | |
Total expenses | – | 4,052,048 |
Net investment income | 166,469,258 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments | (12,099,324) | |
Net realized gains on in-kind redemptions | 162,787,667 | |
Net realized gains on futures contracts | + | 1,016,982 |
Net realized gains | 151,705,325 | |
Net change in unrealized appreciation (depreciation) on investments | (322,704,803) | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | (388,225) |
Net change in unrealized appreciation (depreciation) | + | (323,093,028) |
Net realized and unrealized losses | (171,387,703) | |
Decrease in net assets resulting from operations | ($4,918,445) |
Operations | ||||
3/1/19-2/29/20 | 3/1/18-2/28/19 | |||
Net investment income | $166,469,258 | $142,620,373 | ||
Net realized gains | 151,705,325 | 48,303,810 | ||
Net change in unrealized appreciation (depreciation) | + | (323,093,028) | 625,500,961 | |
Increase (decrease) in net assets resulting from operations | (4,918,445) | 816,425,144 | ||
Distributions to Shareholders | ||||
Total distributions | ($166,671,820) | ($155,988,765) |
Transactions in Fund Shares | ||||||||
3/1/19-2/29/20 | 3/1/18-2/28/19 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 31,500,000 | $1,434,130,373 | 28,900,000 | $1,176,924,966 | ||||
Shares redeemed | + | (14,750,000) | (672,412,627) | (10,000,000) | (401,470,478) | |||
Net transactions in fund shares | 16,750,000 | $761,717,746 | 18,900,000 | $775,454,488 | ||||
Shares Outstanding and Net Assets | ||||||||
3/1/19-2/29/20 | 3/1/18-2/28/19 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 118,450,000 | $5,127,267,981 | 99,550,000 | $3,691,377,114 | ||||
Total increase | + | 16,750,000 | 590,127,481 | 18,900,000 | 1,435,890,867 | |||
End of period | 135,200,000 | $5,717,395,462 | 118,450,000 | $5,127,267,981 |
SCHWAB STRATEGIC TRUST (ORGANIZED JANUARY 27, 2009) | |
Schwab U.S. REIT ETF | Schwab Short-Term U.S. Treasury ETF |
Schwab U.S. Broad Market ETF | Schwab Intermediate-Term U.S. Treasury ETF |
Schwab 1000 Index® ETF | Schwab Long-Term U.S. Treasury ETF |
Schwab U.S. Large-Cap ETF | Schwab U.S. Aggregate Bond ETF |
Schwab U.S. Large-Cap Growth ETF | Schwab 1-5 Year Corporate Bond ETF |
Schwab U.S. Large-Cap Value ETF | Schwab 5-10 Year Corporate Bond ETF |
Schwab U.S. Mid-Cap ETF | Schwab Fundamental U.S. Broad Market Index ETF |
Schwab U.S. Small-Cap ETF | Schwab Fundamental U.S. Large Company Index ETF |
Schwab U.S. Dividend Equity ETF | Schwab Fundamental U.S. Small Company Index ETF |
Schwab International 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 |
2. Significant Accounting Policies:
3. Risk Factors:
4. Affiliates and Affiliated Transactions:
Schwab VIT Balanced Portfolio | 0.1% |
Schwab VIT Balanced with Growth Portfolio | 0.2% |
Schwab VIT Growth Portfolio | 0.2% |
Schwab Target 2010 Index Fund | 0.0%* |
Schwab Target 2015 Index Fund | 0.0%* |
Schwab Target 2020 Index Fund | 0.1% |
Schwab Target 2025 Index Fund | 0.1% |
Schwab Target 2030 Index Fund | 0.2% |
Schwab Target 2035 Index Fund | 0.1% |
Schwab Target 2040 Index Fund | 0.2% |
Schwab Target 2045 Index Fund | 0.1% |
Schwab Target 2050 Index Fund | 0.1% |
Schwab Target 2055 Index Fund | 0.1% |
Schwab Target 2060 Index Fund | 0.1% |
* | Less than 0.05% |
5. Other Service Providers:
6. Board of Trustees:
7. Borrowing from Banks:
8. Derivatives:
9. Purchases and Sales of Investment Securities:
Purchases of Securities | Sales of Securities |
$374,474,747 | $328,451,737 |
10. In-Kind Transactions:
In-Kind Purchases of Securities | In-Kind Sales of Securities |
$1,365,597,676 | $596,438,744 |
11. Federal Income Taxes
Tax cost | $5,725,988,060 |
Gross unrealized appreciation | $560,277,393 |
Gross unrealized depreciation | (554,039,211) |
Net unrealized appreciation (depreciation) | $6,238,182 |
Undistributed ordinary income | $10,532,482 |
Net unrealized appreciation (depreciation) on investments | 6,238,182 |
Total | $16,770,664 |
Current period distributions | |
Ordinary income | $166,671,820 |
Prior period distributions | |
Ordinary income | $155,988,765 |
12. Subsequent Events:
San Francisco, California
April 16, 2020
Market Price vs. NAV as of February 29, 2020
Number of Days Market Price Above NAV | Number of Days Market Price Below NAV | |||||||
1-49 Basis Points | 50-99 Basis Points | 100-199 Basis Points | >200 Basis Points | 1-49 Basis Points | 50-99 Basis Points | 100-199 Basis Points | >200 Basis Points | |
For the period | ||||||||
3/1/15 through 2/29/20 | 725 | — | — | — | 291 | — | — | — |
Independent Trustees | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Robert W. Burns 1959 Trustee (Trustee of Schwab Strategic Trust since 2009; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) | Retired/Private Investor (Jan. 2009 – present). Formerly, Managing Director, Pacific Investment Management Company, LLC (PIMCO) (investment management firm) and President, PIMCO Funds. | 99 | None |
John F. Cogan 1947 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Laudus Trust since 2010; Schwab Strategic Trust since 2016) | Senior Fellow (Oct. 1979 – present), The Hoover Institution at Stanford University (public policy think tank); Senior Fellow (2000 – present), Stanford Institute for Economic Policy Research; Professor of Public Policy (1994 – 2015), Stanford University. | 99 | Director (2005 – present), Gilead Sciences, Inc. |
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. President and Chairman (2014 – 2016), TIAA Charitable (financial services); Senior Managing Director (2003 – 2016), TIAA (financial services). | 99 | None |
Stephen Timothy Kochis 1946 Trustee (Trustee of Schwab Strategic Trust since 2012; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) | CEO and Owner (May 2012 – present), Kochis Global (wealth management consulting). | 99 | None |
Independent Trustees (continued) | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
David L. Mahoney 1954 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016) | Private Investor. | 99 | Director (2004 – present), Corcept Therapeutics Incorporated Director (2009 – present), 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). | 99 | None |
Kiran M. Patel 1948 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016) | Retired. Executive Vice President and General Manager of Small Business Group (Dec. 2008 – Sept. 2013), Intuit, Inc. (financial software and services firm for consumers and small businesses). | 99 | Director (2008 – present), KLA-Tencor Corporation |
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). | 99 | None |
Gerald B. Smith 1950 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2000; Laudus Trust since 2010; Schwab Strategic Trust since 2016) | Chairman, Chief Executive Officer and Founder (Mar. 1990 – present), Smith Graham & Co. (investment advisors). | 99 | Director (2012 – present), Eaton Corporation plc |
Interested Trustees | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Walter W. Bettinger II2 1960 Chairman and Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Schwab Strategic Trust since 2009; Laudus Trust since 2010) | Director, President and Chief Executive Officer (Oct. 2008 – present), The Charles Schwab Corporation; President and Chief Executive Officer (Oct. 2008 – present) and Director (May 2008 – present), Charles Schwab & Co., Inc.; Director (Apr. 2006 – present), Charles Schwab Bank; Director (Nov. 2017 – present), Charles Schwab Premier Bank; Director (July 2019 – present), Charles Schwab Trust Bank; Director (May 2008 – present) and President and Chief Executive Officer (Aug. 2017 – present), Schwab Holdings, Inc.; Director (July 2016 – present), Charles Schwab Investment Management, Inc. | 99 | Director (2008 – present), The Charles Schwab Corporation |
Jonathan de St. Paer2 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 2019) | Director (Apr. 2019 – present), President (Oct. 2018 – present), and Chief Executive Officer (Apr. 2019 – Nov. 2019), Charles Schwab Investment Management, Inc.; Trustee and Chief Executive Officer (Apr. 2019 – present) and President (Nov. 2018 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Director (Apr. 2019 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited; Senior Vice President (Apr. 2019 – present), Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), and Vice President (Jan. 2009 – Dec. 2013), Charles Schwab & Co., Inc. | 99 | None |
Joseph R. Martinetto2 1962 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2016) | Chief Operating Officer (Feb. 2018 – present) and Senior Executive Vice President (July 2015 – Feb. 2018), The Charles Schwab Corporation; Senior Executive Vice President (July 2015 – present), Charles Schwab & Co., Inc.; Chief Financial Officer (July 2015 – Aug. 2017) and Executive Vice President and Chief Financial Officer (May 2007 – July 2015), The Charles Schwab Corporation and Charles Schwab & Co., Inc.; Director (May 2007 – present), Charles Schwab & Co., Inc.; Director (Apr. 2010 – present) and Chief Executive Officer (July 2013 – Apr. 2015), Charles Schwab Bank; Director (Nov. 2017 – present), Charles Schwab Premier Bank; Director (May 2007 – present), Chief Financial Officer (May 2007 – Aug. 2017), Senior Executive Vice President (Feb. 2016 – present), and Executive Vice President (May 2007 – Feb. 2016), Schwab Holdings, Inc. | 99 | 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 |
Jonathan de St. Paer 1973 President and Chief Executive Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018) | Director (Apr. 2019 – present), President (Oct. 2018 – present), and Chief Executive Officer (Apr. 2019 – Nov. 2019), Charles Schwab Investment Management, Inc.; Trustee and Chief Executive Officer (Apr. 2019 – present) and President (Nov. 2018 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Director (Apr. 2019 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited; Senior Vice President (Apr. 2019 – present), Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), and Vice President (Jan. 2009 – Dec. 2013), Charles Schwab & Co., Inc. |
Officers of the Trust (continued) | |
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served3) | Principal Occupations During the Past Five Years |
Mark Fischer 1970 Treasurer and Chief Financial Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2013) | Treasurer and Chief Financial Officer (Jan. 2016 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Assistant Treasurer (Dec. 2013 – Dec. 2015), Schwab Funds and Laudus Funds; Assistant Treasurer (Nov. 2013 – Dec. 2015), Schwab ETFs; Chief Financial Officer (Mar. 2020 – present) and Vice President (Oct. 2013 – present), Charles Schwab Investment Management, Inc.; Executive Director (Apr. 2011 – Sept. 2013), J.P. Morgan Investor Services; Assistant Treasurer (May 2005 – Mar. 2011), Massachusetts Financial Service Investment Management. |
Omar Aguilar 1970 Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Senior Vice President and Chief Investment Officer (Apr. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies (June 2011 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Head of the Portfolio Management Group and Vice President of Portfolio Management (May 2009 – Apr. 2011), Financial Engines, Inc. (investment management firm); Head of Quantitative Equity (July 2004 – Jan. 2009), ING Investment Management. |
Brett Wander 1961 Senior Vice President and Chief Investment Officer – Fixed Income (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Senior Vice President and Chief Investment Officer (Apr. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Investment Officer – Fixed Income (June 2011 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Senior Managing Director and Global Head of Active Fixed-Income Strategies (Jan. 2008 – Oct. 2010), State Street Global Advisors; Director of Alpha Strategies (Apr. 2006 – Jan. 2008), Loomis, Sayles & Company (investment management firm). |
David Lekich 1964 Chief Legal Officer and Secretary, Schwab Funds and Schwab ETFs Vice President and Assistant Clerk, Laudus Funds (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Senior Vice President (Sept. 2011 – present) and Vice President (Mar. 2004 – Sept. 2011), Charles Schwab & Co., Inc.; Senior Vice President and Chief Counsel (Sept. 2011 – present) and Vice President (Jan. 2011 – Sept. 2011), Charles Schwab Investment Management, Inc.; Secretary (Apr. 2011 – present) and Chief Legal Officer (Dec. 2011 – present), Schwab Funds; Vice President and Assistant Clerk (Apr. 2011 – present), Laudus Funds; Secretary (May 2011 – present) and Chief Legal Officer (Nov. 2011 – present), Schwab ETFs. |
Catherine MacGregor 1964 Vice President and Assistant Secretary, Schwab Funds and Schwab ETFs Chief Legal Officer, Vice President and Clerk, Laudus Funds (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2005; Schwab Strategic Trust since 2009) | Vice President (July 2005 – present), Charles Schwab & Co., Inc.; Vice President (Sept. 2005 – present), Charles Schwab Investment Management, Inc.; Vice President (Dec. 2005 – present) and Chief Legal Officer and Clerk (Mar. 2007 – present), Laudus Funds; Vice President (Nov. 2005 – present) and Assistant Secretary (June 2007 – present), Schwab Funds; Vice President and Assistant Secretary (Oct. 2009 – present), Schwab ETFs. |
1 | Each Trustee shall hold office until the election and qualification of his or her successor, or until he or she dies, resigns or is removed. The retirement policy requires that each independent trustee retire by December 31 of the year in which the Trustee turns 74 or the Trustee’s twentieth year of service as an independent trustee on any trust in the Fund Complex, whichever occurs first. |
2 | Mr. Bettinger, Mr. de St. Paer and Mr. Martinetto are Interested Trustees. Mr. Bettinger is an Interested Trustee because he owns stock of The Charles Schwab Corporation (CSC), the parent company of Charles Schwab Investment Management, Inc. (CSIM), the investment adviser for the trusts in the Fund Complex, is an employee and director of Charles Schwab & Co., Inc. (CS&Co), the principal underwriter for The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust, and is a director of CSIM. Mr. de St. Paer is an Interested Trustee because he owns stock of CSC and is an employee and director of CSIM. Mr. Martinetto is an Interested Trustee because he owns stock of CSC and is an employee and director of CS&Co. |
3 | The President, Treasurer and Secretary/Clerk hold office until their respective successors are chosen and qualified or until he or she sooner dies, resigns, is removed or becomes disqualified. Each of the other officers serves at the pleasure of the Board. |
Schwab ETFs
Index ETF
Printed on recycled paper.
* | FUNDAMENTAL INDEX is a registered trademark of Research Affiliates LLC. |
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/imga93020f21.jpg)
00242743
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/img15a837f21.jpg)
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 |
New Notice Regarding Shareholder Report Delivery Options |
Beginning on January 1, 2021, paper copies of a fund’s shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from your financial intermediary (such as a bank or broker-dealer). Instead, the reports will be made available on a fund’s website www.schwabfunds.com/schwabetfs_prospectus, and you will be notified by mail each time a report is posted and the mailing will provide a website link to access the report. You will continue to receive other fund regulatory documents (such as prospectuses or supplements) in paper unless you have elected to receive all fund documents electronically. |
If you would like to receive a fund’s future shareholder reports in paper free of charge after January 1, 2021, you can make that request: |
• If you invest through Charles Schwab & Co, Inc. (broker-dealer), by calling 1-866-345-5954 and using the unique identifier attached to this mailing; or |
• If you invest through another financial intermediary (such as a bank or broker-dealer) by contacting them directly. |
If you already receive shareholder reports and other fund documents electronically, you will not be affected by this change and you need not take any action. |
* | SCHWAB is a registered trademark of Charles Schwab & Co., Inc. FUNDAMENTAL INDEX is a registered trademark of Research Affiliates LLC. |
Total Returns for the 12 Months Ended February 29, 2020 | |
Schwab Fundamental U.S. Broad Market Index ETF (Ticker Symbol: FNDB) | |
Market Price Return1 | 1.87% |
NAV Return1 | 1.25% |
Russell RAFITM US Index | 1.43% |
Russell 3000® Index | 6.90% |
ETF Category: Morningstar Large Value2 | -0.73% |
Performance Details | pages 7-9 |
Schwab Fundamental U.S. Large Company Index ETF (Ticker Symbol: FNDX) | |
Market Price Return1 | 2.20% |
NAV Return1 | 1.98% |
Russell RAFITM US Large Company Index | 2.19% |
Russell 1000® Index | 7.82% |
ETF Category: Morningstar Large Value2 | -0.73% |
Performance Details | pages 10-12 |
Schwab Fundamental U.S. Small Company Index ETF (Ticker Symbol: FNDA) | |
Market Price Return1 | -7.39% |
NAV Return1 | -7.46% |
Russell RAFITM US Small Company Index | -7.25% |
Russell 2000® Index | -4.92% |
ETF Category: Morningstar Small Blend2 | -6.80% |
Performance Details | pages 13-15 |
Total Returns for the 12 Months Ended February 29, 2020 | |
Schwab Fundamental International Large Company Index ETF (Ticker Symbol: FNDF) | |
Market Price Return1 | -5.23% |
NAV Return1 | -5.32% |
Russell RAFITM Developed ex US Large Company Index (Net)* | -5.44% |
MSCI EAFE® Index (Net)* | -0.57% |
ETF Category: Morningstar Foreign Large Value2 | -4.51% |
Performance Details | pages 16-18 |
Schwab Fundamental International Small Company Index ETF (Ticker Symbol: FNDC) | |
Market Price Return1 | -6.36% |
NAV Return1 | -6.06% |
Russell RAFITM Developed ex US Small Company Index (Net)* | -5.82% |
S&P Developed ex-U.S. Small Cap Index (Net)* | -2.39% |
ETF Category: Morningstar Foreign Small/Mid Blend2 | -2.50% |
Performance Details | pages 19-21 |
Schwab Fundamental Emerging Markets Large Company Index ETF (Ticker Symbol: FNDE) | |
Market Price Return1 | -5.19% |
NAV Return1 | -5.74% |
Russell RAFITM Emerging Markets Large Company Index (Net)* | -5.34% |
MSCI Emerging Markets Index (Net)* | -1.88% |
ETF Category: Morningstar Diversified Emerging Markets2 | -0.49% |
Performance Details | pages 22-24 |
* | The net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes. |
1 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price on the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
2 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/img36c44c752.jpg)
President of Charles Schwab
Investment Management, Inc.
and the funds covered
in this report.
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/img17f0e6a23.jpg)
* | The net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes. |
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/img2a0fcb6c4.jpg)
* | The net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes. |
![]() | Christopher Bliss, CFA, Vice President and Head of Passive Equity Strategies, leads the portfolio management team for Schwab’s passive equity mutual funds and ETFs. He also has overall responsibility for all aspects of the management of the funds. Prior to joining CSIM in 2016, Mr. Bliss spent 12 years at BlackRock (formerly Barclays Global Investors) managing and leading institutional index teams, most recently as a managing director and head of the Americas institutional index team. Prior to BlackRock, he worked as an equity analyst and portfolio manager for Harris Bretall and before that, as a research analyst for JP Morgan. |
![]() | Jeremy Brown, Portfolio Manager, is responsible for the day-to-day co-management of the Schwab Fundamental U.S. Broad Market Index ETF, Schwab Fundamental U.S. Large Company Index ETF, and Schwab Fundamental U.S. Small Company Index ETF. Prior to joining CSIM in 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. |
![]() | Chuck Craig, CFA, Senior Portfolio Manager, is responsible for the day-to-day co-management of the Schwab Fundamental International Large Company Index ETF, Schwab Fundamental International Small Company Index ETF, and Schwab Fundamental Emerging Markets Large Company Index ETF. Prior to joining CSIM in 2012, Mr. Craig worked at Guggenheim Funds (formerly Claymore Group), where he spent more than five years as a managing director of portfolio management and supervision, and three years as vice president of product research and development. Prior to that, he worked as an equity research analyst at First Trust Portfolios (formerly Niké Securities), and a trader and analyst at PMA Securities, Inc. |
![]() | Ferian Juwono, CFA, Senior Portfolio Manager, is responsible for the day-to-day co-management of the Schwab Fundamental U.S. Broad Market Index ETF, Schwab Fundamental U.S. Large Company Index ETF, and Schwab Fundamental U.S. Small Company Index ETF. Prior to joining CSIM in 2010, Mr. Juwono worked at BlackRock (formerly Barclays Global Investors), where he spent more than three years as a portfolio manager, managing equity index funds for institutional clients, and two years as a senior business analyst. Prior to that, Mr. Juwono worked for more than four years as a senior financial analyst with Union Bank of California. |
![]() | Jane Qin, Portfolio Manager, is responsible for the day-to-day co-management of the Schwab Fundamental International Large Company Index ETF, Schwab Fundamental International Small Company Index ETF, and Schwab Fundamental Emerging Markets Large Company Index ETF. Prior to joining CSIM in 2012, Ms. Qin spent more than four years at The Bank of New York Mellon Corporation. During that time, Ms. Qin spent more than two years as an associate equity portfolio manager and nearly two years as a performance analyst. She also worked at Wells Fargo Funds Management as a mutual fund analyst and at CIGNA Reinsurance in the risk management group as a risk analyst. |
![]() | David Rios, Portfolio Manager, is responsible for the day-to-day co-management of the Schwab Fundamental International Large Company Index ETF, Schwab Fundamental International Small Company Index ETF, and Schwab Fundamental Emerging Markets Large Company Index ETF. Prior to this role, Mr. Rios was an associate portfolio manager on the Schwab equity index strategies team for four years. His first role with CSIM was as a trade operations specialist. Prior to joining CSIM in 2008, Mr. Rios was a senior fund accountant at Investors Bank & Trust (subsequently acquired by State Street Corporation). |
![]() | Sabya Sinha, Portfolio Manager, is responsible for the day-to-day co-management of the Schwab Fundamental U.S. Broad Market Index ETF, Schwab Fundamental U.S. Large Company Index ETF, and Schwab Fundamental U.S. Small Company Index ETF. Prior to joining CSIM in 2015, Mr. Sinha spent a year at F-Squared Investments on the product development and analytics team. Prior to F-Squared, he worked at IndexIQ Advisors as a senior index portfolio manager for three years and for Bank of America’s Columbia Management subsidiary as a portfolio manager for three years. |
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/lg_2mx1.jpg)
Fund and Inception Date | 1 Year | 5 Years | Since Inception* |
Fund: Schwab Fundamental U.S. Broad Market Index ETF (8/15/13) | |||
Market Price Return2 | 1.87% | 6.43% | 8.59% |
NAV Return2 | 1.25% | 6.33% | 8.50% |
Russell RAFITM US Index | 1.43% | 6.59% | 8.78% |
Russell 3000® Index | 6.90% | 8.72% | 10.74% |
ETF Category: Morningstar Large Value3 | -0.73% | 4.91% | N/A |
Fund Expense Ratio4: 0.25% |
* | Inception (8/15/13) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price on the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. |
Number of Holdings | 1,595 |
Weighted Average Market Cap (millions) | $191,343 |
Price/Earnings Ratio (P/E) | 15.7 |
Price/Book Ratio (P/B) | 2.0 |
Portfolio Turnover Rate | 13%2 |
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/img8ca46b9b12.jpg)
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/img1b43959313.jpg)
1 | Excludes derivatives. |
2 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
3 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
4 | This list is not a recommendation of any security by the investment adviser. |
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/lg_2mx2.jpg)
Fund and Inception Date | 1 Year | 5 Years | Since Inception* |
Fund: Schwab Fundamental U.S. Large Company Index ETF (8/15/13) | |||
Market Price Return2 | 2.20% | 6.55% | 8.68% |
NAV Return2 | 1.98% | 6.53% | 8.65% |
Russell RAFITM US Large Company Index | 2.19% | 6.80% | 8.94% |
Russell 1000® Index | 7.82% | 9.00% | 11.05% |
ETF Category: Morningstar Large Value3 | -0.73% | 4.91% | N/A |
Fund Expense Ratio4: 0.25% |
* | Inception (8/15/13) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price on the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. |
Number of Holdings | 700 |
Weighted Average Market Cap (millions) | $206,716 |
Price/Earnings Ratio (P/E) | 15.7 |
Price/Book Ratio (P/B) | 2.0 |
Portfolio Turnover Rate | 12%2 |
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/imgdaa7fbe414.jpg)
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/img966f284315.jpg)
1 | Excludes derivatives. |
2 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
3 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
4 | This list is not a recommendation of any security by the investment adviser. |
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/lg_2mx6.jpg)
Fund and Inception Date | 1 Year | 5 Years | Since Inception* |
Fund: Schwab Fundamental U.S. Small Company Index ETF (8/15/13) | |||
Market Price Return2 | -7.39% | 3.93% | 6.58% |
NAV Return2 | -7.46% | 3.93% | 6.57% |
Russell RAFITM US Small Company Index | -7.25% | 4.16% | 6.84% |
Russell 2000® Index | -4.92% | 5.12% | 6.84% |
ETF Category: Morningstar Small Blend3 | -6.80% | 3.80% | N/A |
Fund Expense Ratio4: 0.25% |
* | Inception (8/15/13) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price on the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. |
Number of Holdings | 898 |
Weighted Average Market Cap (millions) | $4,514 |
Price/Earnings Ratio (P/E) | 16.4 |
Price/Book Ratio (P/B) | 1.5 |
Portfolio Turnover Rate | 26%2 |
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/imga504812916.jpg)
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/img15aa796c17.jpg)
1 | Excludes derivatives. |
2 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
3 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
4 | This list is not a recommendation of any security by the investment adviser. |
1 | The total return cited for the index is calculated net of foreign withholding taxes. |
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/lg_2mx7.jpg)
Fund and Inception Date | 1 Year | 5 Years | Since Inception* |
Fund: Schwab Fundamental International Large Company Index ETF (8/15/13) | |||
Market Price Return2 | -5.23% | 1.15% | 2.48% |
NAV Return2 | -5.32% | 1.21% | 2.47% |
Russell RAFITM Developed ex US Large Company Index (Net)3 | -5.44% | 1.25% | 2.60% |
MSCI EAFE® Index (Net)3 | -0.57% | 1.96% | 2.98% |
ETF Category: Morningstar Foreign Large Value4 | -4.51% | 0.16% | N/A |
Fund Expense Ratio5: 0.25% |
* | Inception (8/15/13) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price on the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | The net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes. |
4 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
5 | As stated in the prospectus. |
Number of Holdings | 951 |
Weighted Average Market Cap (millions) | $55,310 |
Price/Earnings Ratio (P/E) | 12.5 |
Price/Book Ratio (P/B) | 0.6 |
Portfolio Turnover Rate | 20%2 |
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/img5215855e18.jpg)
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/img94c4db9719.jpg)
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/img72e1649f20.jpg)
1 | Excludes derivatives. |
2 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
3 | This list is not a recommendation of any security by the investment adviser. |
4 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
1 | The total return cited for the index is calculated net of foreign withholding taxes. |
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/lg_2mx8.jpg)
Fund and Inception Date | 1 Year | 5 Years | Since Inception* |
Fund: Schwab Fundamental International Small Company Index ETF (8/15/13) | |||
Market Price Return2 | -6.36% | 2.88% | 3.88% |
NAV Return2 | -6.06% | 3.10% | 3.95% |
Russell RAFITM Developed ex US Small Company Index (Net)3 | -5.82% | 3.36% | 4.32% |
S&P Developed ex-U.S. Small Cap Index (Net)3 | -2.39% | 3.67% | 4.58% |
ETF Category: Morningstar Foreign Small/Mid Blend4 | -2.50% | 2.99% | N/A |
Fund Expense Ratio5: 0.39% |
* | Inception (8/15/13) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price on the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | The net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes. |
4 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
5 | As stated in the prospectus. |
Number of Holdings | 1,641 |
Weighted Average Market Cap (millions) | $3,280 |
Price/Earnings Ratio (P/E) | 13.1 |
Price/Book Ratio (P/B) | 1.0 |
Portfolio Turnover Rate | 31%2 |
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/img6faf577021.jpg)
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/imgc2e8528e22.jpg)
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/img4ed4b58423.jpg)
1 | Excludes derivatives. |
2 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
3 | This list is not a recommendation of any security by the investment adviser. |
4 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
1 | The total return cited for the index is calculated net of foreign withholding taxes. |
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/lg_2mx9.jpg)
Fund and Inception Date | 1 Year | 5 Years | Since Inception* |
Fund: Schwab Fundamental Emerging Markets Large Company Index ETF (8/15/13) | |||
Market Price Return2 | -5.19% | 3.54% | 2.51% |
NAV Return2 | -5.74% | 3.63% | 2.46% |
Russell RAFITM Emerging Markets Large Company Index (Net)3 | -5.34% | 4.24% | 3.04% |
MSCI Emerging Markets Index (Net)3 | -1.88% | 2.73% | 2.95% |
ETF Category: Morningstar Diversified Emerging Markets4 | -0.49% | 2.33% | N/A |
Fund Expense Ratio5: 0.39% |
* | Inception (8/15/13) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price on the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | The net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes. |
4 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
5 | As stated in the prospectus. |
Number of Holdings | 267 |
Weighted Average Market Cap (millions) | $72,325 |
Price/Earnings Ratio (P/E) | 9.8 |
Price/Book Ratio (P/B) | 1.2 |
Portfolio Turnover Rate | 32%2 |
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/img9f3b727424.jpg)
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/imgbde0407b25.jpg)
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/img56262c9326.jpg)
1 | Excludes derivatives. |
2 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
3 | This list is not a recommendation of any security by the investment adviser. |
4 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
Expense Ratio (Annualized)1 | Beginning Account Value at 9/1/19 | Ending Account Value (Net of Expenses) at 2/29/20 | Expenses Paid During Period 9/1/19-2/29/202 | |
Schwab Fundamental U.S. Broad Market Index ETF | ||||
Actual Return | 0.25% | $1,000.00 | $990.30 | $1.24 |
Hypothetical 5% Return | 0.25% | $1,000.00 | $1,023.66 | $1.26 |
Schwab Fundamental U.S. Large Company Index ETF | ||||
Actual Return | 0.25% | $1,000.00 | $992.60 | $1.24 |
Hypothetical 5% Return | 0.25% | $1,000.00 | $1,023.66 | $1.26 |
Schwab Fundamental U.S. Small Company Index ETF | ||||
Actual Return | 0.25% | $1,000.00 | $960.30 | $1.22 |
Hypothetical 5% Return | 0.25% | $1,000.00 | $1,023.66 | $1.26 |
Schwab Fundamental International Large Company Index ETF | ||||
Actual Return | 0.25% | $1,000.00 | $980.10 | $1.23 |
Hypothetical 5% Return | 0.25% | $1,000.00 | $1,023.66 | $1.26 |
Schwab Fundamental International Small Company Index ETF | ||||
Actual Return | 0.39% | $1,000.00 | $976.70 | $1.92 |
Hypothetical 5% Return | 0.39% | $1,000.00 | $1,022.96 | $1.96 |
Schwab Fundamental Emerging Markets Large Company Index ETF | ||||
Actual Return | 0.39% | $1,000.00 | $979.50 | $1.92 |
Hypothetical 5% Return | 0.39% | $1,000.00 | $1,022.96 | $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 of the period, and divided by 366 days of the fiscal year. |
3/1/19– 2/29/20 | 3/1/18– 2/28/19 | 3/1/17– 2/28/18 | 3/1/16– 2/28/17 | 3/1/15– 2/29/16 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $37.60 | $36.95 | $33.82 | $27.37 | $30.54 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.94 | 0.84 | 0.75 | 0.67 | 0.65 | |
Net realized and unrealized gains (losses) | (0.43) | 0.62 | 3.09 | 6.45 | (3.18) | |
Total from investment operations | 0.51 | 1.46 | 3.84 | 7.12 | (2.53) | |
Less distributions: | ||||||
Distributions from net investment income | (0.94) | (0.81) | (0.71) | (0.67) | (0.64) | |
Net asset value at end of period | $37.17 | $37.60 | $36.95 | $33.82 | $27.37 | |
Total return | 1.25% | 3.98% | 11.51% | 26.32% | (8.34%) | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.25% | 0.25% | 0.25% | 0.32% | 0.32% | |
Net investment income (loss) | 2.38% | 2.26% | 2.14% | 2.17% | 2.23% | |
Portfolio turnover rate2 | 13% | 11% | 10% | 10% | 12% | |
Net assets, end of period (x 1,000) | $262,018 | $276,382 | $260,469 | $263,785 | $166,985 | |
Security | Number of Shares | % of Net Assets | Value ($) | |
Common Stock 99.7% of net assets | ||||
Automobiles & Components 1.7% | ||||
Ford Motor Co. | 155,596 | 0.4 | 1,082,948 | |
General Motors Co. | 47,549 | 0.6 | 1,450,244 | |
Other Securities | 0.7 | 1,911,779 | ||
1.7 | 4,444,971 | |||
Banks 5.7% | ||||
Bank of America Corp. | 65,500 | 0.7 | 1,866,750 | |
Citigroup, Inc. | 34,771 | 0.9 | 2,206,568 | |
JPMorgan Chase & Co. | 30,532 | 1.4 | 3,545,070 | |
Wells Fargo & Co. | 63,094 | 1.0 | 2,577,390 | |
Other Securities | 1.7 | 4,783,249 | ||
5.7 | 14,979,027 | |||
Capital Goods 8.6% | ||||
General Electric Co. | 286,546 | 1.2 | 3,117,620 | |
United Technologies Corp. | 10,145 | 0.5 | 1,324,836 | |
Other Securities | 6.9 | 18,214,193 | ||
8.6 | 22,656,649 | |||
Commercial & Professional Services 1.0% | ||||
Other Securities | 1.0 | 2,591,220 | ||
Consumer Durables & Apparel 1.7% | ||||
Other Securities | 1.7 | 4,386,831 | ||
Consumer Services 2.0% | ||||
McDonald's Corp. | 6,762 | 0.5 | 1,312,977 | |
Other Securities | 1.5 | 3,892,832 | ||
2.0 | 5,205,809 | |||
Diversified Financials 5.2% | ||||
Berkshire Hathaway, Inc., Class B * | 16,104 | 1.3 | 3,322,899 | |
The Charles Schwab Corp. (a) | 3,911 | 0.1 | 159,373 | |
The Goldman Sachs Group, Inc. | 5,938 | 0.5 | 1,192,172 | |
Other Securities | 3.3 | 9,023,261 | ||
5.2 | 13,697,705 | |||
Energy 7.0% | ||||
Chevron Corp. | 34,726 | 1.2 | 3,241,325 | |
Exxon Mobil Corp. | 96,650 | 1.9 | 4,971,676 | |
Phillips 66 | 13,430 | 0.4 | 1,005,370 |
Security | Number of Shares | % of Net Assets | Value ($) | |
Valero Energy Corp. | 17,697 | 0.5 | 1,172,426 | |
Other Securities | 3.0 | 8,054,516 | ||
7.0 | 18,445,313 | |||
Food & Staples Retailing 2.9% | ||||
Costco Wholesale Corp. | 5,034 | 0.5 | 1,415,259 | |
Walmart, Inc. | 30,643 | 1.3 | 3,299,638 | |
Other Securities | 1.1 | 2,935,891 | ||
2.9 | 7,650,788 | |||
Food, Beverage & Tobacco 4.3% | ||||
PepsiCo, Inc. | 11,951 | 0.6 | 1,577,891 | |
Philip Morris International, Inc. | 18,330 | 0.6 | 1,500,677 | |
The Coca-Cola Co. | 29,069 | 0.6 | 1,554,901 | |
Other Securities | 2.5 | 6,527,250 | ||
4.3 | 11,160,719 | |||
Health Care Equipment & Services 5.7% | ||||
Anthem, Inc. | 3,975 | 0.4 | 1,021,933 | |
CVS Health Corp. | 37,848 | 0.9 | 2,239,845 | |
Medtronic plc | 10,443 | 0.4 | 1,051,297 | |
UnitedHealth Group, Inc. | 8,362 | 0.8 | 2,131,975 | |
Other Securities | 3.2 | 8,427,245 | ||
5.7 | 14,872,295 | |||
Household & Personal Products 1.5% | ||||
The Procter & Gamble Co. | 22,419 | 1.0 | 2,538,503 | |
Other Securities | 0.5 | 1,467,781 | ||
1.5 | 4,006,284 | |||
Insurance 3.5% | ||||
American International Group, Inc. | 30,815 | 0.5 | 1,299,160 | |
Other Securities | 3.0 | 7,921,542 | ||
3.5 | 9,220,702 | |||
Materials 3.4% | ||||
Other Securities | 3.4 | 8,811,425 | ||
Media & Entertainment 4.4% | ||||
Alphabet, Inc., Class A * | 1,044 | 0.5 | 1,398,177 | |
Alphabet, Inc., Class C * | 1,058 | 0.6 | 1,417,011 | |
Comcast Corp., Class A | 49,928 | 0.8 | 2,018,589 | |
The Walt Disney Co. | 16,861 | 0.8 | 1,983,697 | |
Other Securities | 1.7 | 4,627,866 | ||
4.4 | 11,445,340 | |||
Security | Number of Shares | % of Net Assets | Value ($) | |
Pharmaceuticals, Biotechnology & Life Sciences 6.0% | ||||
AbbVie, Inc. | 13,566 | 0.5 | 1,162,742 | |
Amgen, Inc. | 5,634 | 0.4 | 1,125,279 | |
Bristol-Myers Squibb Co. | 18,231 | 0.4 | 1,076,723 | |
Gilead Sciences, Inc. | 22,546 | 0.6 | 1,563,791 | |
Johnson & Johnson | 22,496 | 1.2 | 3,025,262 | |
Merck & Co., Inc. | 23,099 | 0.7 | 1,768,459 | |
Pfizer, Inc. | 70,637 | 0.9 | 2,360,688 | |
Other Securities | 1.3 | 3,588,011 | ||
6.0 | 15,670,955 | |||
Real Estate 2.5% | ||||
Other Securities | 2.5 | 6,486,669 | ||
Retailing 5.0% | ||||
Lowe's Cos., Inc. | 10,013 | 0.4 | 1,067,085 | |
Target Corp. | 12,069 | 0.5 | 1,243,107 | |
The Home Depot, Inc. | 9,409 | 0.8 | 2,049,657 | |
Other Securities | 3.3 | 8,852,838 | ||
5.0 | 13,212,687 | |||
Semiconductors & Semiconductor Equipment 3.6% | ||||
Intel Corp. | 54,986 | 1.2 | 3,052,823 | |
QUALCOMM, Inc. | 20,339 | 0.6 | 1,592,544 | |
Other Securities | 1.8 | 4,759,310 | ||
3.6 | 9,404,677 | |||
Software & Services 6.5% | ||||
International Business Machines Corp. | 19,235 | 1.0 | 2,503,435 | |
Microsoft Corp. | 34,439 | 2.1 | 5,579,462 | |
Oracle Corp. | 26,564 | 0.5 | 1,313,855 | |
Other Securities | 2.9 | 7,628,840 | ||
6.5 | 17,025,592 | |||
Technology Hardware & Equipment 8.0% | ||||
Apple, Inc. | 48,912 | 5.1 | 13,370,584 | |
Cisco Systems, Inc. | 40,701 | 0.6 | 1,625,191 | |
Other Securities | 2.3 | 6,029,612 | ||
8.0 | 21,025,387 | |||
Telecommunication Services 3.6% | ||||
AT&T, Inc. | 132,091 | 1.8 | 4,652,245 | |
Verizon Communications, Inc. | 63,559 | 1.3 | 3,442,356 | |
Other Securities | 0.5 | 1,259,232 | ||
3.6 | 9,353,833 | |||
Transportation 2.1% | ||||
Union Pacific Corp. | 7,160 | 0.4 | 1,144,240 | |
Other Securities | 1.7 | 4,294,866 | ||
2.1 | 5,439,106 | |||
Security | Number of Shares | % of Net Assets | Value ($) | |
Utilities 3.8% | ||||
Other Securities | 3.8 | 10,060,650 | ||
Total Common Stock | ||||
(Cost $239,088,835) | 261,254,634 | |||
Rights 0.0% of net assets | ||||
Materials 0.0% | ||||
Other Securities | 0.0 | 203 | ||
Total Rights | ||||
(Cost $203) | 203 | |||
Other Investment Companies 0.3% of net assets | ||||
Money Market Fund 0.0% | ||||
Other Securities | 0.0 | 28,046 | ||
Securities Lending Collateral 0.3% | ||||
Other Securities | 0.3 | 774,735 | ||
Total Other Investment Companies | ||||
(Cost $802,781) | 802,781 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Depreciation ($) | ||
Futures Contracts | ||||
Long | ||||
S&P 500 Index, e-mini, expires 03/20/20 | 5 | 737,775 | (78,578) |
* | Non-income producing security. |
(a) | Issuer is affiliated with the fund’s investment adviser. |
(b) | All or a portion of this security is on loan. Securities on loan were valued at $746,446. |
(c) | Fair-valued by management using significant unobservable inputs in accordance with procedures approved by the fund’s Board of Trustees. |
(d) | The rate shown is the 7-day yield. |
CVR — | Contingent Value Rights |
REIT — | Real Estate Investment Trust |
Market Value at 2/28/19 | Gross Purchases | Gross Sales | Realized Gains(Losses) | Net change in unrealized appreciation (depreciation) | Market Value at 2/29/20 | Balance of Shares Held at 2/29/20 | Dividends Received | |
The Charles Schwab Corp. | $136,098 | $61,726 | ($20,513) | $1,780 | ($19,718) | $159,373 | 3,911 | $2,540 |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Common Stock1 | $261,254,634 | $— | $— | $261,254,634 | |
Rights1 | |||||
Materials | — | — | 203 | 203 | |
Other Investment Companies1 | 802,781 | — | — | 802,781 | |
Liabilities | |||||
Futures Contracts2 | (78,578) | — | — | (78,578) | |
Total | $261,978,837 | $— | $203 | $261,979,040 |
1 | As categorized in the complete schedule of Portfolio Holdings. |
2 | Futures contracts are valued at unrealized appreciation or depreciation. |
Assets | ||
Investments in affiliated issuer, at value (cost $135,285) | $159,373 | |
Investments in unaffiliated issuers, at value (cost $238,981,799) including securities on loan of $746,446 | 261,123,510 | |
Collateral invested for securities on loan, at value (cost $774,735) | 774,735 | |
Deposit with broker for futures contracts | 121,093 | |
Receivables: | ||
Investments sold | 73,415 | |
Dividends | 723,995 | |
Income from securities on loan | + | 5,196 |
Total assets | 262,981,317 | |
Liabilities | ||
Collateral held for securities on loan | 774,735 | |
Payables: | ||
Investments bought | 53,766 | |
Management fees | 56,595 | |
Variation margin on futures contracts | + | 78,568 |
Total liabilities | 963,664 | |
Net Assets | ||
Total assets | 262,981,317 | |
Total liabilities | – | 963,664 |
Net assets | $262,017,653 | |
Net Assets by Source | ||
Capital received from investors | 246,087,747 | |
Total distributable earnings | 15,929,906 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$262,017,653 | 7,050,000 | $37.17 | ||
Investment Income | ||
Dividends received from affiliated issuer | $2,540 | |
Dividends received from unaffiliated issuers (net of foreign withholding tax of $628) | 7,477,074 | |
Securities on loan, net | + | 47,659 |
Total investment income | 7,527,273 | |
Expenses | ||
Management fees | 716,999 | |
Total expenses | – | 716,999 |
Net investment income | 6,810,274 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on affiliated issuer | (1,900) | |
Net realized losses on unaffiliated investments | (3,046,937) | |
Net realized gains on in-kind redemptions on affiliated issuer | 3,680 | |
Net realized gains on in-kind redemptions on unaffiliated investments | 11,662,067 | |
Net realized gains on futures contracts | + | 99,380 |
Net realized gains | 8,716,290 | |
Net change in unrealized appreciation (depreciation) on affiliated issuer | (19,718) | |
Net change in unrealized appreciation (depreciation) on unaffiliated investments | (10,727,444) | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | (86,747) |
Net change in unrealized appreciation (depreciation) | + | (10,833,909) |
Net realized and unrealized losses | (2,117,619) | |
Increase in net assets resulting from operations | $4,692,655 |
Operations | ||||
3/1/19-2/29/20 | 3/1/18-2/28/19 | |||
Net investment income | $6,810,274 | $5,939,857 | ||
Net realized gains | 8,716,290 | 11,356,465 | ||
Net change in unrealized appreciation (depreciation) | + | (10,833,909) | (6,239,613) | |
Increase in net assets resulting from operations | 4,692,655 | 11,056,709 | ||
Distributions to Shareholders | ||||
Total distributions | ($6,831,860) | ($5,622,015) |
Transactions in Fund Shares | ||||||||
3/1/19-2/29/20 | 3/1/18-2/28/19 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 450,000 | $17,693,623 | 1,250,000 | $46,522,467 | ||||
Shares redeemed | + | (750,000) | (29,918,728) | (950,000) | (36,044,678) | |||
Net transactions in fund shares | (300,000) | ($12,225,105) | 300,000 | $10,477,789 | ||||
Shares Outstanding and Net Assets | ||||||||
3/1/19-2/29/20 | 3/1/18-2/28/19 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 7,350,000 | $276,381,963 | 7,050,000 | $260,469,480 | ||||
Total increase or decrease | + | (300,000) | (14,364,310) | 300,000 | 15,912,483 | |||
End of period | 7,050,000 | $262,017,653 | 7,350,000 | $276,381,963 |
3/1/19– 2/29/20 | 3/1/18– 2/28/19 | 3/1/17– 2/28/18 | 3/1/16– 2/28/17 | 3/1/15– 2/29/16 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $37.83 | $37.20 | $33.91 | $27.57 | $30.55 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.99 | 0.87 | 0.78 | 0.70 | 0.69 | |
Net realized and unrealized gains (losses) | (0.20) | 0.57 | 3.21 | 6.29 | (3.10) | |
Total from investment operations | 0.79 | 1.44 | 3.99 | 6.99 | (2.41) | |
Less distributions: | ||||||
Distributions from net investment income | (0.95) | (0.81) | (0.70) | (0.65) | (0.57) | |
Net asset value at end of period | $37.67 | $37.83 | $37.20 | $33.91 | $27.57 | |
Total return | 1.98% | 3.92% | 11.91% | 25.66% | (7.92%) | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.25% | 0.25% | 0.25% | 0.32% | 0.32% | |
Net investment income (loss) | 2.47% | 2.33% | 2.22% | 2.26% | 2.39% | |
Portfolio turnover rate2 | 12% | 11% | 9% | 10% | 11% | |
Net assets, end of period (x 1,000) | $5,557,983 | $4,596,260 | $4,016,040 | $2,197,623 | $893,389 | |
Security | Number of Shares | % of Net Assets | Value ($) | |
Common Stock 99.7% of net assets | ||||
Automobiles & Components 1.7% | ||||
Ford Motor Co. | 3,572,788 | 0.4 | 24,866,604 | |
General Motors Co. | 1,090,952 | 0.6 | 33,274,036 | |
Other Securities | 0.7 | 36,290,305 | ||
1.7 | 94,430,945 | |||
Banks 5.6% | ||||
Bank of America Corp. | 1,503,058 | 0.8 | 42,837,153 | |
Citigroup, Inc. | 798,203 | 0.9 | 50,653,962 | |
JPMorgan Chase & Co. | 700,727 | 1.5 | 81,361,412 | |
Wells Fargo & Co. | 1,447,951 | 1.1 | 59,148,798 | |
Other Securities | 1.3 | 76,760,038 | ||
5.6 | 310,761,363 | |||
Capital Goods 8.3% | ||||
General Electric Co. | 6,579,131 | 1.3 | 71,580,945 | |
United Technologies Corp. | 232,899 | 0.6 | 30,414,280 | |
Other Securities | 6.4 | 361,204,127 | ||
8.3 | 463,199,352 | |||
Commercial & Professional Services 0.6% | ||||
Other Securities | 0.6 | 35,813,300 | ||
Consumer Durables & Apparel 1.5% | ||||
Other Securities | 1.5 | 82,473,432 | ||
Consumer Services 1.7% | ||||
McDonald's Corp. | 155,239 | 0.5 | 30,142,757 | |
Other Securities | 1.2 | 66,129,455 | ||
1.7 | 96,272,212 | |||
Diversified Financials 5.3% | ||||
Berkshire Hathaway, Inc., Class B * | 369,404 | 1.4 | 76,222,821 | |
The Charles Schwab Corp. (a) | 90,037 | 0.1 | 3,669,008 | |
The Goldman Sachs Group, Inc. | 136,362 | 0.5 | 27,377,399 | |
Other Securities | 3.3 | 186,273,779 | ||
5.3 | 293,543,007 | |||
Energy 7.3% | ||||
Chevron Corp. | 797,200 | 1.3 | 74,410,648 | |
Exxon Mobil Corp. | 2,218,925 | 2.1 | 114,141,502 | |
Phillips 66 | 308,286 | 0.4 | 23,078,290 |
Security | Number of Shares | % of Net Assets | Value ($) | |
Valero Energy Corp. | 406,312 | 0.5 | 26,918,170 | |
Other Securities | 3.0 | 169,789,142 | ||
7.3 | 408,337,752 | |||
Food & Staples Retailing 3.1% | ||||
Costco Wholesale Corp. | 115,550 | 0.6 | 32,485,727 | |
Walmart, Inc. | 703,303 | 1.4 | 75,731,667 | |
Other Securities | 1.1 | 64,107,323 | ||
3.1 | 172,324,717 | |||
Food, Beverage & Tobacco 4.4% | ||||
PepsiCo, Inc. | 274,300 | 0.7 | 36,215,829 | |
Philip Morris International, Inc. | 420,661 | 0.6 | 34,439,516 | |
The Coca-Cola Co. | 667,229 | 0.6 | 35,690,079 | |
Other Securities | 2.5 | 137,231,025 | ||
4.4 | 243,576,449 | |||
Health Care Equipment & Services 5.8% | ||||
Anthem, Inc. | 91,266 | 0.4 | 23,463,576 | |
CVS Health Corp. | 868,774 | 0.9 | 51,414,045 | |
Medtronic plc | 239,600 | 0.4 | 24,120,532 | |
UnitedHealth Group, Inc. | 191,920 | 0.9 | 48,931,923 | |
Other Securities | 3.2 | 175,250,613 | ||
5.8 | 323,180,689 | |||
Household & Personal Products 1.6% | ||||
The Procter & Gamble Co. | 514,517 | 1.0 | 58,258,760 | |
Other Securities | 0.6 | 30,859,112 | ||
1.6 | 89,117,872 | |||
Insurance 3.6% | ||||
American International Group, Inc. | 707,353 | 0.5 | 29,822,002 | |
Other Securities | 3.1 | 169,530,061 | ||
3.6 | 199,352,063 | |||
Materials 3.1% | ||||
Other Securities | 3.1 | 172,266,981 | ||
Media & Entertainment 4.5% | ||||
Alphabet, Inc., Class A * | 23,969 | 0.6 | 32,100,483 | |
Alphabet, Inc., Class C * | 24,295 | 0.6 | 32,539,022 | |
Comcast Corp., Class A | 1,146,201 | 0.8 | 46,340,906 | |
The Walt Disney Co. | 387,035 | 0.8 | 45,534,668 | |
Other Securities | 1.7 | 91,203,609 | ||
4.5 | 247,718,688 | |||
Security | Number of Shares | % of Net Assets | Value ($) | |
Pharmaceuticals, Biotechnology & Life Sciences 6.3% | ||||
AbbVie, Inc. | 311,437 | 0.5 | 26,693,265 | |
Amgen, Inc. | 129,332 | 0.5 | 25,831,480 | |
Bristol-Myers Squibb Co. | 418,125 | 0.4 | 24,694,463 | |
Gilead Sciences, Inc. | 517,574 | 0.6 | 35,898,933 | |
Johnson & Johnson | 516,290 | 1.3 | 69,430,679 | |
Merck & Co., Inc. | 530,246 | 0.7 | 40,595,634 | |
Pfizer, Inc. | 1,621,369 | 1.0 | 54,186,152 | |
Other Securities | 1.3 | 71,825,321 | ||
6.3 | 349,155,927 | |||
Real Estate 1.8% | ||||
Other Securities | 1.8 | 98,857,147 | ||
Retailing 5.2% | ||||
Lowe's Cos., Inc. | 229,907 | 0.4 | 24,501,189 | |
Target Corp. | 276,943 | 0.5 | 28,525,129 | |
The Home Depot, Inc. | 216,012 | 0.9 | 47,056,054 | |
Other Securities | 3.4 | 187,788,238 | ||
5.2 | 287,870,610 | |||
Semiconductors & Semiconductor Equipment 3.7% | ||||
Intel Corp. | 1,262,381 | 1.3 | 70,087,393 | |
QUALCOMM, Inc. | 467,029 | 0.7 | 36,568,371 | |
Other Securities | 1.7 | 96,355,534 | ||
3.7 | 203,011,298 | |||
Software & Services 6.6% | ||||
International Business Machines Corp. | 441,535 | 1.0 | 57,465,780 | |
Microsoft Corp. | 790,519 | 2.3 | 128,071,983 | |
Oracle Corp. | 609,870 | 0.6 | 30,164,170 | |
Other Securities | 2.7 | 152,397,625 | ||
6.6 | 368,099,558 | |||
Technology Hardware & Equipment 8.3% | ||||
Apple, Inc. | 1,122,920 | 5.5 | 306,961,411 | |
Cisco Systems, Inc. | 933,764 | 0.7 | 37,285,196 | |
Other Securities | 2.1 | 117,187,510 | ||
8.3 | 461,434,117 | |||
Telecommunication Services 3.8% | ||||
AT&T, Inc. | 3,032,250 | 1.9 | 106,795,845 | |
Verizon Communications, Inc. | 1,458,553 | 1.4 | 78,995,230 | |
Other Securities | 0.5 | 24,985,178 | ||
3.8 | 210,776,253 | |||
Security | Number of Shares | % of Net Assets | Value ($) | |
Transportation 2.1% | ||||
Union Pacific Corp. | 164,527 | 0.5 | 26,293,060 | |
Other Securities | 1.6 | 89,417,863 | ||
2.1 | 115,710,923 | |||
Utilities 3.8% | ||||
Other Securities | 3.8 | 213,885,932 | ||
Total Common Stock | ||||
(Cost $5,300,726,417) | 5,541,170,587 | |||
Other Investment Companies 0.3% of net assets | ||||
Money Market Fund 0.0% | ||||
Other Securities | 0.0 | 1,793,521 | ||
Securities Lending Collateral 0.3% | ||||
Other Securities | 0.3 | 15,731,340 | ||
Total Other Investment Companies | ||||
(Cost $17,524,861) | 17,524,861 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Depreciation ($) | ||
Futures Contracts | ||||
Long | ||||
S&P 500 Index, e-mini, expires 03/20/20 | 109 | 16,083,495 | (1,970,922) |
* | Non-income producing security. |
(a) | Issuer is affiliated with the fund’s investment adviser. |
(b) | All or a portion of this security is on loan. Securities on loan were valued at $15,295,761. |
(c) | The rate shown is the 7-day yield. |
Market Value at 2/28/19 | Gross Purchases | Gross Sales | Realized Gains(Losses) | Net change in unrealized appreciation (depreciation) | Market Value at 2/29/20 | Balance of Shares Held at 2/29/20 | Dividends Received | |
The Charles Schwab Corp. | $2,462,133 | $1,825,814 | ($242,521) | $1,670 | ($378,088) | $3,669,008 | 90,037 | $53,226 |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Common Stock1 | $5,541,170,587 | $— | $— | $5,541,170,587 | |
Other Investment Companies1 | 17,524,861 | — | — | 17,524,861 | |
Liabilities | |||||
Futures Contracts2 | (1,970,922) | — | — | (1,970,922) | |
Total | $5,556,724,526 | $— | $— | $5,556,724,526 |
1 | As categorized in the complete schedule of Portfolio Holdings. |
2 | Futures contracts are valued at unrealized appreciation or depreciation. |
Assets | ||
Investments in affiliated issuer, at value (cost $3,626,603) | $3,669,008 | |
Investments in unaffiliated issuers, at value (cost $5,298,893,335) including securities on loan of $15,295,761 | 5,539,295,100 | |
Collateral invested for securities on loan, at value (cost $15,731,340) | 15,731,340 | |
Deposit with broker for futures contracts | 2,723,665 | |
Receivables: | ||
Investments sold | 31,654,282 | |
Dividends | 15,966,801 | |
Fund shares sold | 13,183,949 | |
Income from securities on loan | + | 112,179 |
Total assets | 5,622,336,324 | |
Liabilities | ||
Collateral held for securities on loan | 15,731,340 | |
Payables: | ||
Investments bought | 3,684,815 | |
Management fees | 1,197,463 | |
Fund shares redeemed | 41,769,175 | |
Variation margin on futures contracts | + | 1,970,707 |
Total liabilities | 64,353,500 | |
Net Assets | ||
Total assets | 5,622,336,324 | |
Total liabilities | – | 64,353,500 |
Net assets | $5,557,982,824 | |
Net Assets by Source | ||
Capital received from investors | 5,395,710,563 | |
Total distributable earnings | 162,272,261 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$5,557,982,824 | 147,550,000 | $37.67 | ||
Investment Income | ||
Dividends received from affiliated issuer | $53,226 | |
Dividends received from unaffiliated issuers (net of foreign withholding tax of $7,541) | 146,644,785 | |
Securities on loan, net | + | 1,008,362 |
Total investment income | 147,706,373 | |
Expenses | ||
Management fees | 13,602,458 | |
Total expenses | – | 13,602,458 |
Net investment income | 134,103,915 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on affiliated issuer | (24,056) | |
Net realized losses on unaffiliated investments | (65,723,682) | |
Net realized gains on in-kind redemptions on affiliated issuer | 25,726 | |
Net realized gains on in-kind redemptions on unaffiliated investments | 139,489,446 | |
Net realized gains on futures contracts | + | 2,111,463 |
Net realized gains | 75,878,897 | |
Net change in unrealized appreciation (depreciation) on affiliated issuer | (378,088) | |
Net change in unrealized appreciation (depreciation) on unaffiliated investments | (158,782,455) | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | (2,159,630) |
Net change in unrealized appreciation (depreciation) | + | (161,320,173) |
Net realized and unrealized losses | (85,441,276) | |
Increase in net assets resulting from operations | $48,662,639 |
Operations | ||||
3/1/19-2/29/20 | 3/1/18-2/28/19 | |||
Net investment income | $134,103,915 | $102,363,934 | ||
Net realized gains | 75,878,897 | 136,394,105 | ||
Net change in unrealized appreciation (depreciation) | + | (161,320,173) | (105,505,059) | |
Increase in net assets resulting from operations | 48,662,639 | 133,252,980 | ||
Distributions to Shareholders | ||||
Total distributions | ($128,120,700) | ($96,068,705) |
Transactions in Fund Shares | ||||||||
3/1/19-2/29/20 | 3/1/18-2/28/19 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 38,750,000 | $1,543,661,840 | 29,100,000 | $1,090,604,673 | ||||
Shares redeemed | + | (12,700,000) | (502,481,171) | (15,550,000) | (547,569,110) | |||
Net transactions in fund shares | 26,050,000 | $1,041,180,669 | 13,550,000 | $543,035,563 | ||||
Shares Outstanding and Net Assets | ||||||||
3/1/19-2/29/20 | 3/1/18-2/28/19 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 121,500,000 | $4,596,260,216 | 107,950,000 | $4,016,040,378 | ||||
Total increase | + | 26,050,000 | 961,722,608 | 13,550,000 | 580,219,838 | |||
End of period | 147,550,000 | $5,557,982,824 | 121,500,000 | $4,596,260,216 |
3/1/19– 2/29/20 | 3/1/18– 2/28/19 | 3/1/17– 2/28/18 | 3/1/16– 2/28/17 | 3/1/15– 2/29/16 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $38.08 | $36.90 | $34.89 | $26.47 | $30.68 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.55 | 0.59 | 0.52 | 0.45 | 0.41 | |
Net realized and unrealized gains (losses) | (3.34) | 1.14 | 1.98 | 8.37 | (4.25) | |
Total from investment operations | (2.79) | 1.73 | 2.50 | 8.82 | (3.84) | |
Less distributions: | ||||||
Distributions from net investment income | (0.56) | (0.55) | (0.49) | (0.40) | (0.37) | |
Net asset value at end of period | $34.73 | $38.08 | $36.90 | $34.89 | $26.47 | |
Total return | (7.46%) | 4.69% | 7.22% | 33.56% | (12.60%) | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.25% | 0.25% | 0.25% | 0.32% | 0.32% | |
Net investment income (loss) | 1.43% | 1.53% | 1.45% | 1.43% | 1.43% | |
Portfolio turnover rate2 | 26% | 23% | 21% | 23% | 23% | |
Net assets, end of period (x 1,000) | $3,424,710 | $3,402,783 | $2,782,002 | $1,568,402 | $608,865 | |
Security | Number of Shares | % of Net Assets | Value ($) | |
Common Stock 99.8% of net assets | ||||
Automobiles & Components 1.7% | ||||
Delphi Technologies plc * | 559,167 | 0.2 | 7,895,438 | |
Other Securities | 1.5 | 48,980,221 | ||
1.7 | 56,875,659 | |||
Banks 7.3% | ||||
TCF Financial Corp. | 218,373 | 0.2 | 7,957,512 | |
Other Securities | 7.1 | 240,906,272 | ||
7.3 | 248,863,784 | |||
Capital Goods 12.4% | ||||
Applied Industrial Technologies, Inc. | 132,936 | 0.2 | 7,841,895 | |
Arcosa, Inc. | 223,827 | 0.3 | 9,615,608 | |
Colfax Corp. * | 276,051 | 0.3 | 9,239,427 | |
Curtiss-Wright Corp. | 69,025 | 0.2 | 8,278,858 | |
Generac Holdings, Inc. * | 89,079 | 0.3 | 9,174,246 | |
Graco, Inc. | 172,018 | 0.2 | 8,483,928 | |
ITT, Inc. | 146,762 | 0.2 | 8,827,734 | |
nVent Electric plc | 347,672 | 0.2 | 8,347,605 | |
Teledyne Technologies, Inc. * | 30,492 | 0.3 | 10,285,561 | |
Universal Forest Products, Inc. | 226,898 | 0.3 | 10,632,440 | |
Other Securities | 9.9 | 335,342,783 | ||
12.4 | 426,070,085 | |||
Commercial & Professional Services 5.2% | ||||
Copart, Inc. * | 101,427 | 0.2 | 8,568,553 | |
Stericycle, Inc. * | 157,463 | 0.3 | 9,043,100 | |
Other Securities | 4.7 | 159,653,896 | ||
5.2 | 177,265,549 | |||
Consumer Durables & Apparel 4.0% | ||||
Deckers Outdoor Corp. * | 53,771 | 0.3 | 9,345,400 | |
Skechers U.S.A., Inc., Class A * | 259,608 | 0.2 | 8,587,833 | |
Taylor Morrison Home Corp., Class A * | 468,070 | 0.3 | 10,540,936 | |
Other Securities | 3.2 | 108,219,392 | ||
4.0 | 136,693,561 | |||
Consumer Services 5.1% | ||||
Penn National Gaming, Inc. * | 264,472 | 0.2 | 7,820,437 | |
Other Securities | 4.9 | 166,423,447 | ||
5.1 | 174,243,884 | |||
Security | Number of Shares | % of Net Assets | Value ($) | |
Diversified Financials 4.5% | ||||
Chimera Investment Corp. | 439,807 | 0.2 | 8,642,207 | |
E*TRADE Financial Corp. | 184,210 | 0.2 | 8,433,134 | |
Eaton Vance Corp. | 200,305 | 0.2 | 8,264,584 | |
Other Securities | 3.9 | 130,610,228 | ||
4.5 | 155,950,153 | |||
Energy 3.3% | ||||
Cosan Ltd., A Shares * | 522,648 | 0.3 | 9,543,552 | |
Other Securities | 3.0 | 103,690,171 | ||
3.3 | 113,233,723 | |||
Food & Staples Retailing 0.7% | ||||
Other Securities | 0.7 | 24,822,479 | ||
Food, Beverage & Tobacco 2.8% | ||||
Darling Ingredients, Inc. * | 415,851 | 0.3 | 10,687,371 | |
Other Securities | 2.5 | 84,417,109 | ||
2.8 | 95,104,480 | |||
Health Care Equipment & Services 4.0% | ||||
Community Health Systems, Inc. * | 2,581,801 | 0.4 | 12,728,279 | |
Select Medical Holdings Corp. * | 327,794 | 0.2 | 7,847,388 | |
Teleflex, Inc. | 24,721 | 0.2 | 8,282,029 | |
West Pharmaceutical Services, Inc. | 51,840 | 0.2 | 7,805,030 | |
Other Securities | 3.0 | 100,500,476 | ||
4.0 | 137,163,202 | |||
Household & Personal Products 0.6% | ||||
Other Securities | 0.6 | 21,323,853 | ||
Insurance 2.7% | ||||
Brown & Brown, Inc. | 245,141 | 0.3 | 10,543,514 | |
Other Securities | 2.4 | 80,864,170 | ||
2.7 | 91,407,684 | |||
Materials 6.6% | ||||
Boise Cascade Co. | 236,925 | 0.2 | 8,406,099 | |
Louisiana-Pacific Corp. | 284,966 | 0.2 | 8,107,283 | |
The Scotts Miracle-Gro Co. | 77,021 | 0.2 | 8,163,456 | |
Other Securities | 6.0 | 200,600,447 | ||
6.6 | 225,277,285 | |||
Security | Number of Shares | % of Net Assets | Value ($) | |
Media & Entertainment 3.3% | ||||
TEGNA, Inc. | 593,624 | 0.3 | 8,500,696 | |
Other Securities | 3.0 | 103,772,835 | ||
3.3 | 112,273,531 | |||
Pharmaceuticals, Biotechnology & Life Sciences 2.3% | ||||
ICON plc * | 56,198 | 0.3 | 8,770,260 | |
PerkinElmer, Inc. | 95,209 | 0.2 | 8,229,866 | |
Other Securities | 1.8 | 61,642,436 | ||
2.3 | 78,642,562 | |||
Real Estate 11.0% | ||||
Apartment Investment & Management Co., Class A | 170,112 | 0.2 | 8,138,158 | |
Omega Healthcare Investors, Inc. | 203,047 | 0.2 | 8,040,661 | |
SBA Communications Corp. | 32,752 | 0.2 | 8,682,228 | |
Taubman Centers, Inc. | 153,132 | 0.2 | 7,972,052 | |
Uniti Group, Inc. | 839,640 | 0.2 | 8,194,886 | |
Other Securities | 10.0 | 334,409,439 | ||
11.0 | 375,437,424 | |||
Retailing 3.4% | ||||
Asbury Automotive Group, Inc. * | 98,760 | 0.2 | 8,754,086 | |
Other Securities | 3.2 | 106,673,095 | ||
3.4 | 115,427,181 | |||
Semiconductors & Semiconductor Equipment 2.8% | ||||
Cirrus Logic, Inc. * | 138,194 | 0.2 | 9,485,636 | |
Cypress Semiconductor Corp. | 341,895 | 0.2 | 7,894,356 | |
Synaptics, Inc. * | 139,830 | 0.2 | 9,235,771 | |
Teradyne, Inc. | 160,445 | 0.2 | 9,427,748 | |
Other Securities | 2.0 | 60,584,385 | ||
2.8 | 96,627,896 | |||
Software & Services 5.0% | ||||
CoreLogic, Inc. | 173,171 | 0.2 | 7,856,768 | |
Genpact Ltd. | 228,537 | 0.3 | 8,789,533 | |
KBR, Inc. | 309,009 | 0.2 | 8,021,874 | |
Other Securities | 4.3 | 146,110,596 | ||
5.0 | 170,778,771 | |||
Technology Hardware & Equipment 4.6% | ||||
Insight Enterprises, Inc. * | 157,888 | 0.3 | 8,698,050 | |
Other Securities | 4.3 | 150,484,856 | ||
4.6 | 159,182,906 | |||
Telecommunication Services 0.8% | ||||
Other Securities | 0.8 | 29,356,111 | ||
Transportation 2.0% | ||||
Other Securities | 2.0 | 68,553,041 | ||
Security | Number of Shares | % of Net Assets | Value ($) | |
Utilities 3.7% | ||||
Hawaiian Electric Industries, Inc. | 208,497 | 0.2 | 8,932,011 | |
Other Securities | 3.5 | 118,648,130 | ||
3.7 | 127,580,141 | |||
Total Common Stock | ||||
(Cost $3,660,710,497) | 3,418,154,945 | |||
Rights 0.0% of net assets | ||||
Materials 0.0% | ||||
Other Securities | 0.0 | 29,417 | ||
Total Rights | ||||
(Cost $29,417) | 29,417 | |||
Other Investment Companies 1.0% of net assets | ||||
Money Market Fund 0.1% | ||||
Other Securities | 0.1 | 2,157,661 | ||
Securities Lending Collateral 0.9% | ||||
Wells Fargo Government Money Market Fund, Select Class 1.52% (c) | 0.9 | 32,271,885 | ||
Total Other Investment Companies | ||||
(Cost $34,429,546) | 34,429,546 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
Long | ||||||
Russell 2000 Index, e-mini expires 03/20/20 | 86 | 6,342,070 | (694,689) |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $30,585,484. |
(b) | Fair-valued by management using significant unobservable inputs in accordance with procedures approved by the fund’s Board of Trustees. |
(c) | The rate shown is the 7-day yield. |
CVR — | Contingent Value Rights |
REIT — | Real Estate Investment Trust |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Common Stock1 | $3,418,154,945 | $— | $— | $3,418,154,945 | |
Rights1 | |||||
Materials | — | — | 29,417 | 29,417 | |
Other Investment Companies1 | 34,429,546 | — | — | 34,429,546 | |
Liabilities | |||||
Futures Contracts2 | (694,689) | — | — | (694,689) | |
Total | $3,451,889,802 | $— | $29,417 | $3,451,919,219 |
1 | As categorized in the complete schedule of Portfolio Holdings. |
2 | Futures contracts are valued at unrealized appreciation or depreciation. |
Assets | ||
Investments in unaffiliated issuers, at value (cost $3,662,897,575) including securities on loan of $30,585,484 | $3,420,342,023 | |
Collateral invested for securities on loan, at value (cost $32,271,885) | 32,271,885 | |
Deposit with broker for futures contracts | 1,324,979 | |
Receivables: | ||
Investments sold | 15,492,566 | |
Dividends | 4,610,753 | |
Fund shares sold | 3,473,329 | |
Income from securities on loan | + | 107,715 |
Total assets | 3,477,623,250 | |
Liabilities | ||
Collateral held for securities on loan | 32,271,885 | |
Payables: | ||
Management fees | 740,851 | |
Fund shares redeemed | 19,206,170 | |
Variation margin on futures contracts | + | 694,519 |
Total liabilities | 52,913,425 | |
Net Assets | ||
Total assets | 3,477,623,250 | |
Total liabilities | – | 52,913,425 |
Net assets | $3,424,709,825 | |
Net Assets by Source | ||
Capital received from investors | 3,840,514,970 | |
Total distributable loss | (415,805,145) |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$3,424,709,825 | 98,600,000 | $34.73 | ||
Investment Income | ||
Dividends (net of foreign withholding tax of $41,399) | $57,937,412 | |
Securities on loan, net | + | 1,152,663 |
Total investment income | 59,090,075 | |
Expenses | ||
Management fees | 8,814,731 | |
Total expenses | – | 8,814,731 |
Net investment income | 50,275,344 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments | (113,049,681) | |
Net realized gains on in-kind redemptions | 223,980,507 | |
Net realized gains on futures contracts | + | 211,053 |
Net realized gains | 111,141,879 | |
Net change in unrealized appreciation (depreciation) on investments | (443,806,613) | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | (682,768) |
Net change in unrealized appreciation (depreciation) | + | (444,489,381) |
Net realized and unrealized losses | (333,347,502) | |
Decrease in net assets resulting from operations | ($283,072,158) |
Operations | ||||
3/1/19-2/29/20 | 3/1/18-2/28/19 | |||
Net investment income | $50,275,344 | $48,966,373 | ||
Net realized gains | 111,141,879 | 154,430,789 | ||
Net change in unrealized appreciation (depreciation) | + | (444,489,381) | (87,659,491) | |
Increase (decrease) in net assets resulting from operations | (283,072,158) | 115,737,671 | ||
Distributions to Shareholders | ||||
Total distributions | ($50,954,980) | ($46,334,630) |
Transactions in Fund Shares | ||||||||
3/1/19-2/29/20 | 3/1/18-2/28/19 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 27,150,000 | $1,041,018,392 | 29,750,000 | $1,147,395,824 | ||||
Shares redeemed | + | (17,900,000) | (685,064,295) | (15,800,000) | (596,017,605) | |||
Net transactions in fund shares | 9,250,000 | $355,954,097 | 13,950,000 | $551,378,219 | ||||
Shares Outstanding and Net Assets | ||||||||
3/1/19-2/29/20 | 3/1/18-2/28/19 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 89,350,000 | $3,402,782,866 | 75,400,000 | $2,782,001,606 | ||||
Total increase | + | 9,250,000 | 21,926,959 | 13,950,000 | 620,781,260 | |||
End of period | 98,600,000 | $3,424,709,825 | 89,350,000 | $3,402,782,866 |
3/1/19– 2/29/20 | 3/1/18– 2/28/19 | 3/1/17– 2/28/18 | 3/1/16– 2/28/17 | 3/1/15– 2/29/16 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $27.54 | $30.28 | $26.00 | $22.08 | $27.17 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.91 | 0.94 | 0.80 | 0.74 | 0.70 | |
Net realized and unrealized gains (losses) | (2.29) | (2.81) | 4.19 | 3.79 | (5.30) | |
Total from investment operations | (1.38) | (1.87) | 4.99 | 4.53 | (4.60) | |
Less distributions: | ||||||
Distributions from net investment income | (0.92) | (0.87) | (0.71) | (0.61) | (0.49) | |
Net asset value at end of period | $25.24 | $27.54 | $30.28 | $26.00 | $22.08 | |
Total return | (5.32%) | (6.00%) | 19.19% | 20.62% | (17.02%) | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.25% | 0.25% | 0.25% | 0.32% | 0.32% | |
Net investment income (loss) | 3.27% | 3.29% | 2.76% | 2.98% | 2.80% | |
Portfolio turnover rate2 | 20% | 14% | 10% | 11% | 12% | |
Net assets, end of period (x 1,000) | $4,416,696 | $4,083,580 | $3,630,569 | $1,928,861 | $885,348 | |
Security | Number of Shares | % of Net Assets | Value ($) | |
Common Stock 98.5% of net assets | ||||
Australia 5.3% | ||||
Australia & New Zealand Banking Group Ltd. | 1,031,773 | 0.4 | 16,517,798 | |
BHP Group Ltd. | 960,457 | 0.5 | 20,806,953 | |
Commonwealth Bank of Australia | 475,026 | 0.6 | 25,047,003 | |
National Australia Bank Ltd. | 1,002,839 | 0.4 | 16,229,167 | |
Westpac Banking Corp. | 1,229,964 | 0.4 | 18,746,973 | |
Other Securities | 3.0 | 138,243,344 | ||
5.3 | 235,591,238 | |||
Austria 0.3% | ||||
Other Securities | 0.3 | 11,944,775 | ||
Belgium 0.7% | ||||
Other Securities | 0.7 | 31,092,735 | ||
Canada 6.6% | ||||
Royal Bank of Canada | 274,576 | 0.5 | 20,418,055 | |
The Bank of Nova Scotia | 305,090 | 0.4 | 15,959,638 | |
The Toronto-Dominion Bank | 319,802 | 0.4 | 16,448,117 | |
Other Securities | 5.3 | 238,186,167 | ||
6.6 | 291,011,977 | |||
Denmark 1.0% | ||||
Other Securities | 1.0 | 42,244,383 | ||
Finland 1.1% | ||||
Other Securities | 1.1 | 48,988,395 | ||
France 9.0% | ||||
BNP Paribas S.A. | 480,845 | 0.5 | 23,126,537 | |
Sanofi | 302,887 | 0.6 | 27,924,025 | |
Societe Generale S.A. | 665,438 | 0.4 | 18,705,014 | |
Total S.A. | 1,189,743 | 1.1 | 50,157,777 | |
Other Securities | 6.4 | 278,826,025 | ||
9.0 | 398,739,378 | |||
Germany 7.9% | ||||
Allianz SE | 118,244 | 0.6 | 25,301,614 | |
BASF SE | 479,723 | 0.6 | 27,970,589 | |
Bayer AG | 332,067 | 0.5 | 23,785,927 | |
Bayerische Motoren Werke AG | 251,093 | 0.4 | 16,253,661 | |
Daimler AG | 671,240 | 0.6 | 27,679,118 | |
Deutsche Telekom AG | 1,534,023 | 0.6 | 24,864,554 |
Security | Number of Shares | % of Net Assets | Value ($) | |
Siemens AG | 251,756 | 0.6 | 25,773,648 | |
Other Securities | 4.0 | 175,827,919 | ||
7.9 | 347,457,030 | |||
Hong Kong 1.7% | ||||
Other Securities | 1.7 | 77,083,518 | ||
Ireland 0.1% | ||||
Other Securities | 0.1 | 3,254,222 | ||
Israel 0.3% | ||||
Other Securities | 0.3 | 11,422,592 | ||
Italy 3.4% | ||||
Enel S.p.A. | 3,570,627 | 0.7 | 29,714,239 | |
Eni S.p.A. | 1,841,545 | 0.5 | 22,570,899 | |
UniCredit S.p.A. | 1,251,994 | 0.4 | 15,867,662 | |
Other Securities | 1.8 | 80,583,164 | ||
3.4 | 148,735,964 | |||
Japan 24.9% | ||||
Hitachi Ltd. | 609,993 | 0.5 | 20,567,789 | |
Honda Motor Co., Ltd. | 1,393,653 | 0.8 | 36,170,505 | |
Idemitsu Kosan Co., Ltd. | 814,794 | 0.5 | 20,078,083 | |
KDDI Corp. | 678,271 | 0.4 | 19,229,154 | |
Mitsubishi UFJ Financial Group, Inc. | 4,821,347 | 0.5 | 23,774,853 | |
Nippon Telegraph & Telephone Corp. | 741,130 | 0.4 | 17,379,950 | |
SoftBank Group Corp. | 496,535 | 0.5 | 23,076,345 | |
Toyota Motor Corp. | 1,068,827 | 1.6 | 70,620,962 | |
Other Securities | 19.7 | 868,588,984 | ||
24.9 | 1,099,486,625 | |||
Netherlands 2.4% | ||||
Other Securities | 2.4 | 107,690,354 | ||
New Zealand 0.1% | ||||
Other Securities | 0.1 | 5,053,434 | ||
Norway 0.7% | ||||
Other Securities | 0.7 | 29,109,140 | ||
Poland 0.3% | ||||
Other Securities | 0.3 | 11,255,849 | ||
Security | Number of Shares | % of Net Assets | Value ($) | |
Portugal 0.2% | ||||
Other Securities | 0.2 | 10,438,746 | ||
Republic of Korea 5.4% | ||||
Samsung Electronics Co., Ltd. | 1,995,563 | 2.0 | 89,056,825 | |
Other Securities | 3.4 | 150,730,235 | ||
5.4 | 239,787,060 | |||
Singapore 0.7% | ||||
Other Securities | 0.7 | 33,257,026 | ||
Spain 3.1% | ||||
Banco Santander S.A. | 9,974,650 | 0.8 | 36,452,777 | |
Iberdrola S.A. | 1,747,988 | 0.5 | 19,815,193 | |
Telefonica S.A. | 3,264,428 | 0.4 | 19,219,940 | |
Other Securities | 1.4 | 59,661,063 | ||
3.1 | 135,148,973 | |||
Sweden 2.2% | ||||
Other Securities | 2.2 | 97,529,977 | ||
Switzerland 5.6% | ||||
Nestle S.A. | 503,427 | 1.2 | 51,411,497 | |
Novartis AG | 347,561 | 0.7 | 29,174,370 | |
Roche Holding AG | 122,201 | 0.9 | 39,098,765 | |
Other Securities | 2.8 | 126,177,842 | ||
5.6 | 245,862,474 | |||
United Kingdom 15.5% | ||||
AstraZeneca plc | 196,854 | 0.4 | 17,082,953 | |
BP plc | 11,288,740 | 1.3 | 57,121,326 | |
British American Tobacco plc | 597,336 | 0.5 | 23,366,192 | |
GlaxoSmithKline plc | 1,112,375 | 0.5 | 22,196,321 | |
Glencore plc * | 10,131,311 | 0.6 | 25,009,256 | |
HSBC Holdings plc (a) | 5,612,588 | 0.9 | 37,558,195 | |
National Grid plc | 1,638,310 | 0.5 | 20,566,216 | |
Rio Tinto plc | 373,172 | 0.4 | 17,197,635 | |
Royal Dutch Shell plc, A Shares | 2,341,165 | 1.1 | 49,682,036 | |
Royal Dutch Shell plc, B Shares | 1,941,175 | 0.9 | 41,248,366 | |
Vodafone Group plc | 19,483,142 | 0.8 | 33,436,603 | |
Other Securities | 7.6 | 342,267,744 | ||
15.5 | 686,732,843 | |||
Total Common Stock | ||||
(Cost $4,594,336,986) | 4,348,918,708 | |||
Preferred Stock 1.1% of net assets | ||||
Germany 0.6% | ||||
Volkswagen AG | 128,097 | 0.4 | 20,906,410 | |
Other Securities | 0.2 | 7,195,875 | ||
0.6 | 28,102,285 | |||
Security | Number of Shares | % of Net Assets | Value ($) | |
Italy 0.1% | ||||
Other Securities | 0.1 | 3,651,198 | ||
Republic of Korea 0.4% | ||||
Other Securities | 0.4 | 16,892,373 | ||
Total Preferred Stock | ||||
(Cost $48,586,490) | 48,645,856 | |||
Rights 0.0% of net assets | ||||
Spain 0.0% | ||||
Other Securities | 0.0 | 45,097 | ||
Total Rights | ||||
(Cost $50,089) | 45,097 | |||
Other Investment Companies 1.2% of net assets | ||||
United States 1.2% | ||||
Money Market Fund 0.0% | ||||
Other Securities | 0.0 | 81,830 | ||
Securities Lending Collateral 1.2% | ||||
Wells Fargo Government Money Market Fund, Select Class 1.52% (c) | 1.2 | 53,618,121 | ||
Total Other Investment Companies | ||||
(Cost $53,699,951) | 53,699,951 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
Long | ||||||
MSCI EAFE Index, expires 03/20/20 | 204 | 18,523,200 | (1,780,422) |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $49,294,872. |
(b) | Fair-valued by management using significant unobservable inputs in accordance with procedures approved by the fund’s Board of Trustees. |
(c) | The rate shown is the 7-day yield. |
REIT — | Real Estate Investment Trust |
RSP — | Risparmio (Convertible Savings Shares) |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Common Stock1 | $4,271,835,190 | $— | $— | $4,271,835,190 | |
Hong Kong | 76,502,411 | — | 581,107 | 77,083,518 | |
Preferred Stock1 | 48,645,856 | — | — | 48,645,856 | |
Rights1 | 45,097 | — | — | 45,097 | |
Other Investment Companies1 | 53,699,951 | — | — | 53,699,951 | |
Liabilities | |||||
Futures Contracts2 | (1,780,422) | — | — | (1,780,422) | |
Total | $4,448,948,083 | $— | $581,107 | $4,449,529,190 |
1 | As categorized in the complete schedule of Portfolio Holdings. |
2 | Futures contracts are valued at unrealized appreciation or depreciation. |
Assets | ||
Investments in unaffiliated issuers, at value (cost $4,643,055,395) including securities on loan of $49,294,872 | $4,397,691,491 | |
Collateral invested for securities on loan, at value (cost $53,618,121) | 53,618,121 | |
Deposit with broker for futures contracts | 3,058,151 | |
Foreign currency, at value (cost $912,876) | 906,586 | |
Receivables: | ||
Dividends | 14,150,051 | |
Foreign tax reclaims | 3,563,121 | |
Income from securities on loan | + | 82,830 |
Total assets | 4,473,070,351 | |
Liabilities | ||
Collateral held for securities on loan | 53,618,121 | |
Payables: | ||
Investments bought | 50,837 | |
Management fees | 925,751 | |
Variation margin on futures contracts | + | 1,780,020 |
Total liabilities | 56,374,729 | |
Net Assets | ||
Total assets | 4,473,070,351 | |
Total liabilities | – | 56,374,729 |
Net assets | $4,416,695,622 | |
Net Assets by Source | ||
Capital received from investors | 4,803,756,861 | |
Total distributable loss | (387,061,239) |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$4,416,695,622 | 175,000,000 | $25.24 | ||
Investment Income | ||
Dividends (net of foreign withholding tax of $15,751,627) | $154,521,424 | |
Securities on loan, net | + | 1,977,188 |
Total investment income | 156,498,612 | |
Expenses | ||
Management fees | 11,148,890 | |
Professional fees | + | 14,456* |
Total expenses | 11,163,346 | |
Expense reduction by CSIM | – | 14,456* |
Net expenses | – | 11,148,890 |
Net investment income | 145,349,722 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments | (31,412,033) | |
Net realized gains on in-kind redemptions | 21,426,535 | |
Net realized gains on futures contracts | 3,429,717 | |
Net realized gains on foreign currency transactions | + | 173,293 |
Net realized losses | (6,382,488) | |
Net change in unrealized appreciation (depreciation) on investments | (400,215,333) | |
Net change in unrealized appreciation (depreciation) on futures contracts | (2,389,654) | |
Net change in unrealized appreciation (depreciation) on foreign currency translations | + | (59,196) |
Net change in unrealized appreciation (depreciation) | + | (402,664,183) |
Net realized and unrealized losses | (409,046,671) | |
Decrease in net assets resulting from operations | ($263,696,949) |
* | Professional fees associated with the filing of tax claims in the European Union deemed to be non-routine expenses of the fund. See financial notes 2 (d) and 4 for additional information. |
Operations | ||||
3/1/19-2/29/20 | 3/1/18-2/28/19 | |||
Net investment income | $145,349,722 | $127,756,639 | ||
Net realized losses | (6,382,488) | (45,889,337) | ||
Net change in unrealized appreciation (depreciation) | + | (402,664,183) | (321,700,413) | |
Decrease in net assets resulting from operations | (263,696,949) | (239,833,111) | ||
Distributions to Shareholders | ||||
Total distributions | ($150,746,760) | ($123,073,280) |
Transactions in Fund Shares | ||||||||
3/1/19-2/29/20 | 3/1/18-2/28/19 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 28,200,000 | $790,856,322 | 29,900,000 | $858,255,108 | ||||
Shares redeemed | + | (1,500,000) | (43,296,950) | (1,500,000) | (42,337,793) | |||
Net transactions in fund shares | 26,700,000 | $747,559,372 | 28,400,000 | $815,917,315 | ||||
Shares Outstanding and Net Assets | ||||||||
3/1/19-2/29/20 | 3/1/18-2/28/19 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 148,300,000 | $4,083,579,959 | 119,900,000 | $3,630,569,035 | ||||
Total increase | + | 26,700,000 | 333,115,663 | 28,400,000 | 453,010,924 | |||
End of period | 175,000,000 | $4,416,695,622 | 148,300,000 | $4,083,579,959 |
3/1/19– 2/29/20 | 3/1/18– 2/28/19 | 3/1/17– 2/28/18 | 3/1/16– 2/28/17 | 3/1/15– 2/29/16 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $31.23 | $36.02 | $29.99 | $24.81 | $27.22 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.80 | 0.79 | 0.62 | 0.55 | 0.43 | |
Net realized and unrealized gains (losses) | (2.60) | (4.82) | 6.11 | 5.18 | (2.49) | |
Total from investment operations | (1.80) | (4.03) | 6.73 | 5.73 | (2.06) | |
Less distributions: | ||||||
Distributions from net investment income | (0.90) | (0.76) | (0.70) | (0.55) | (0.35) | |
Net asset value at end of period | $28.53 | $31.23 | $36.02 | $29.99 | $24.81 | |
Total return | (6.06%) | (11.06%) | 22.47% | 23.26% | (7.64%) | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.39% | 0.39% | 0.39% | 0.46% | 0.46% | |
Net investment income (loss) | 2.54% | 2.38% | 1.83% | 1.94% | 1.65% | |
Portfolio turnover rate2 | 31% | 25% | 18% | 25% | 22% | |
Net assets, end of period (x 1,000) | $1,900,303 | $1,842,568 | $1,811,898 | $866,749 | $379,667 | |
Security | Number of Shares | % of Net Assets | Value ($) | |
Common Stock 99.3% of net assets | ||||
Australia 5.0% | ||||
JB Hi-Fi Ltd. | 121,403 | 0.2 | 2,879,722 | |
Other Securities | 4.8 | 91,384,956 | ||
5.0 | 94,264,678 | |||
Austria 0.6% | ||||
Other Securities | 0.6 | 11,865,570 | ||
Belgium 1.2% | ||||
Other Securities | 1.2 | 23,271,054 | ||
Canada 8.1% | ||||
CAE, Inc. | 106,918 | 0.2 | 2,860,227 | |
Canadian Utilities Ltd., Class A | 100,498 | 0.2 | 2,973,726 | |
Kinross Gold Corp. * | 599,491 | 0.2 | 3,014,537 | |
Pan American Silver Corp. | 143,049 | 0.2 | 2,831,461 | |
Parkland Fuel Corp. | 86,731 | 0.1 | 2,726,598 | |
Wheaton Precious Metals Corp. | 102,139 | 0.2 | 2,904,344 | |
Other Securities | 7.0 | 136,843,041 | ||
8.1 | 154,153,934 | |||
Denmark 1.3% | ||||
Other Securities | 1.3 | 23,953,323 | ||
Finland 1.2% | ||||
Huhtamaki Oyj | 65,696 | 0.1 | 2,691,708 | |
Other Securities | 1.1 | 19,291,149 | ||
1.2 | 21,982,857 | |||
France 4.2% | ||||
Edenred | 59,056 | 0.2 | 3,059,920 | |
Getlink SE | 176,895 | 0.2 | 2,833,043 | |
Nexans S.A. | 67,300 | 0.2 | 3,045,737 | |
Other Securities | 3.6 | 71,579,130 | ||
4.2 | 80,517,830 | |||
Germany 3.8% | ||||
Other Securities | 3.8 | 71,981,871 | ||
Hong Kong 4.2% | ||||
AAC Technologies Holdings, Inc. | 462,465 | 0.2 | 3,029,473 | |
Hang Lung Properties Ltd. | 1,236,296 | 0.1 | 2,700,067 | |
Semiconductor Manufacturing International Corp. *(a) | 1,939,941 | 0.2 | 3,758,876 | |
Sun Art Retail Group Ltd. | 2,454,835 | 0.2 | 3,137,431 |
Security | Number of Shares | % of Net Assets | Value ($) | |
Tingyi Cayman Islands Holding Corp. | 1,651,105 | 0.2 | 3,004,301 | |
Other Securities | 3.3 | 64,650,578 | ||
4.2 | 80,280,726 | |||
Ireland 0.4% | ||||
Kingspan Group plc | 51,883 | 0.2 | 3,251,329 | |
Other Securities | 0.2 | 4,129,520 | ||
0.4 | 7,380,849 | |||
Israel 1.2% | ||||
Other Securities | 1.2 | 22,389,388 | ||
Italy 2.5% | ||||
Ferrari N.V. | 17,201 | 0.1 | 2,674,507 | |
Other Securities | 2.4 | 44,708,231 | ||
2.5 | 47,382,738 | |||
Japan 34.1% | ||||
Credit Saison Co., Ltd. | 211,514 | 0.2 | 3,074,713 | |
Hitachi Chemical Co., Ltd. | 106,509 | 0.2 | 4,497,738 | |
Hitachi High-Tech Corp. | 59,490 | 0.2 | 4,395,636 | |
Iwatani Corp. | 81,578 | 0.1 | 2,681,074 | |
Japan Exchange Group, Inc. | 164,198 | 0.2 | 2,762,892 | |
Keihin Corp. | 122,294 | 0.2 | 2,931,927 | |
Kurita Water Industries Ltd. | 103,774 | 0.1 | 2,688,994 | |
Kyowa Kirin Co., Ltd. | 136,033 | 0.2 | 3,241,133 | |
Nomura Research Institute Ltd. | 145,573 | 0.2 | 3,178,273 | |
Rakuten, Inc. | 318,036 | 0.1 | 2,662,462 | |
Sundrug Co., Ltd. | 85,671 | 0.1 | 2,680,569 | |
Taiyo Yuden Co., Ltd. | 119,816 | 0.2 | 3,354,604 | |
Toyo Tire Corp. | 210,930 | 0.2 | 2,808,098 | |
Other Securities | 31.9 | 607,190,700 | ||
34.1 | 648,148,813 | |||
Luxembourg 0.0% | ||||
Other Securities | 0.0 | — | ||
Netherlands 1.7% | ||||
Other Securities | 1.7 | 31,903,654 | ||
New Zealand 1.0% | ||||
Other Securities | 1.0 | 18,473,828 | ||
Norway 1.5% | ||||
Other Securities | 1.5 | 28,662,518 | ||
Security | Number of Shares | % of Net Assets | Value ($) | |
Poland 1.0% | ||||
Other Securities | 1.0 | 19,558,090 | ||
Portugal 0.4% | ||||
Other Securities | 0.4 | 7,350,106 | ||
Republic of Korea 5.0% | ||||
LG Innotek Co., Ltd. | 27,961 | 0.2 | 2,992,944 | |
Other Securities | 4.8 | 91,943,571 | ||
5.0 | 94,936,515 | |||
Singapore 1.5% | ||||
Venture Corp., Ltd. | 226,897 | 0.1 | 2,674,254 | |
Other Securities | 1.4 | 25,930,104 | ||
1.5 | 28,604,358 | |||
Spain 1.6% | ||||
Acciona S.A. (a) | 26,970 | 0.2 | 3,389,121 | |
Other Securities | 1.4 | 27,670,100 | ||
1.6 | 31,059,221 | |||
Sweden 3.3% | ||||
Getinge AB, B Shares | 193,258 | 0.2 | 3,191,365 | |
JM AB | 102,601 | 0.2 | 2,777,977 | |
NCC AB, B Shares | 162,612 | 0.2 | 2,824,505 | |
Peab AB | 295,296 | 0.2 | 2,928,563 | |
Svenska Cellulosa AB SCA, B Shares | 311,711 | 0.2 | 2,946,997 | |
Other Securities | 2.3 | 47,984,605 | ||
3.3 | 62,654,012 | |||
Switzerland 3.7% | ||||
Galenica AG * | 40,118 | 0.1 | 2,691,941 | |
Helvetia Holding AG | 20,385 | 0.1 | 2,693,570 | |
Vifor Pharma AG | 17,526 | 0.2 | 2,909,684 | |
Other Securities | 3.3 | 62,807,177 | ||
3.7 | 71,102,372 | |||
United Kingdom 10.8% | ||||
Balfour Beatty plc | 923,188 | 0.2 | 2,903,162 | |
Grafton Group plc | 260,894 | 0.2 | 2,872,530 | |
Howden Joinery Group plc | 360,540 | 0.2 | 2,928,894 | |
IG Group Holdings plc | 343,671 | 0.2 | 2,956,910 | |
Intermediate Capital Group plc | 148,670 | 0.2 | 3,023,149 | |
Spectris plc | 83,828 | 0.2 | 2,908,118 | |
Vistry Group plc | 273,900 | 0.2 | 4,474,616 | |
Other Securities | 9.4 | 182,369,629 | ||
10.8 | 204,437,008 | |||
Total Common Stock | ||||
(Cost $2,030,269,334) | 1,886,315,313 |
Security | Number of Shares | % of Net Assets | Value ($) | |
Preferred Stock 0.3% of net assets | ||||
Germany 0.3% | ||||
Other Securities | 0.3 | 6,076,091 | ||
Total Preferred Stock | ||||
(Cost $6,677,613) | 6,076,091 | |||
Rights 0.0% of net assets | ||||
Norway 0.0% | ||||
Other Securities | 0.0 | — | ||
Total Rights | ||||
(Cost $—) | — | |||
Other Investment Company 2.1% of net assets | ||||
United States 2.1% | ||||
Securities Lending Collateral 2.1% | ||||
Wells Fargo Government Money Market Fund, Select Class 1.52% (c) | 2.1 | 39,613,417 | ||
Total Other Investment Company | ||||
(Cost $39,613,417) | 39,613,417 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
Long | ||||||
MSCI EAFE Index, expires 03/20/20 | 82 | 7,445,600 | (407,548) |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $35,720,806. |
(b) | Fair-valued by management using significant unobservable inputs in accordance with procedures approved by the fund’s Board of Trustees. |
(c) | The rate shown is the 7-day yield. |
CVA — | Dutch Certificate |
REIT — | Real Estate Investment Trust |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Common Stock1 | $1,585,934,693 | $— | $— | $1,585,934,693 | |
Australia | 93,500,659 | — | 764,019 | 94,264,678 | |
Hong Kong | 80,280,726 | — | —* | 80,280,726 | |
Italy | 47,233,079 | — | 149,659 | 47,382,738 | |
Luxembourg | — | — | —* | — | |
Portugal | 7,350,106 | — | —* | 7,350,106 | |
Switzerland | 70,691,101 | — | 411,271 | 71,102,372 | |
Preferred Stock1 | 6,076,091 | — | — | 6,076,091 | |
Rights1 | |||||
Norway | — | — | —* | — | |
Other Investment Company1 | 39,613,417 | — | — | 39,613,417 | |
Liabilities | |||||
Futures Contracts2 | (407,548) | — | — | (407,548) | |
Total | $1,930,272,324 | $— | $1,324,949 | $1,931,597,273 |
* | Level 3 amount shown includes securities determined to have no value at February 29, 2020. |
1 | As categorized in the complete schedule of Portfolio Holdings. |
2 | Futures contracts are valued at unrealized appreciation or depreciation. |
Assets | ||
Investments in unaffiliated issuers, at value (cost $2,036,946,947) including securities on loan of $35,720,806 | $1,892,391,404 | |
Collateral invested for securities on loan, at value (cost $39,613,417) | 39,613,417 | |
Deposit with broker for futures contracts | 985,047 | |
Foreign currency, at value (cost $573,649) | 572,732 | |
Receivables: | ||
Investments sold | 2,307,243 | |
Dividends | 4,074,003 | |
Foreign tax reclaims | 877,752 | |
Income from securities on loan | + | 147,359 |
Total assets | 1,940,968,957 | |
Liabilities | ||
Collateral held for securities on loan | 39,613,417 | |
Payables: | ||
Investments bought | 15,741 | |
Management fees | 621,953 | |
Variation margin on futures contracts | 407,386 | |
Due to custodian | + | 7,612 |
Total liabilities | 40,666,109 | |
Net Assets | ||
Total assets | 1,940,968,957 | |
Total liabilities | – | 40,666,109 |
Net assets | $1,900,302,848 | |
Net Assets by Source | ||
Capital received from investors | 2,132,841,922 | |
Total distributable loss | (232,539,074) |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$1,900,302,848 | 66,600,000 | $28.53 | ||
Investment Income | ||
Dividends (net of foreign withholding tax of $5,417,702) | $55,941,671 | |
Securities on loan, net | + | 2,304,026 |
Total investment income | 58,245,697 | |
Expenses | ||
Management fees | 7,763,296 | |
Total expenses | – | 7,763,296 |
Net investment income | 50,482,401 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments | (25,524,794) | |
Net realized gains on in-kind redemptions | 13,908,069 | |
Net realized gains on futures contracts | 1,124,406 | |
Net realized gains on foreign currency transactions | + | 129,375 |
Net realized losses | (10,362,944) | |
Net change in unrealized appreciation (depreciation) on investments | (164,120,799) | |
Net change in unrealized appreciation (depreciation) on futures contracts | (725,823) | |
Net change in unrealized appreciation (depreciation) on foreign currency translations | + | (42,658) |
Net change in unrealized appreciation (depreciation) | + | (164,889,280) |
Net realized and unrealized losses | (175,252,224) | |
Decrease in net assets resulting from operations | ($124,769,823) |
Operations | ||||
3/1/19-2/29/20 | 3/1/18-2/28/19 | |||
Net investment income | $50,482,401 | $44,236,756 | ||
Net realized gains (losses) | (10,362,944) | 6,124,063 | ||
Net change in unrealized appreciation (depreciation) | + | (164,889,280) | (273,136,744) | |
Decrease in net assets resulting from operations | (124,769,823) | (222,775,925) | ||
Distributions to Shareholders | ||||
Total distributions | ($57,727,940) | ($43,257,300) |
Transactions in Fund Shares | ||||||||
3/1/19-2/29/20 | 3/1/18-2/28/19 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 8,500,000 | $269,184,367 | 12,400,000 | $423,788,244 | ||||
Shares redeemed | + | (900,000) | (28,952,009) | (3,700,000) | (127,084,991) | |||
Net transactions in fund shares | 7,600,000 | $240,232,358 | 8,700,000 | $296,703,253 | ||||
Shares Outstanding and Net Assets | ||||||||
3/1/19-2/29/20 | 3/1/18-2/28/19 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 59,000,000 | $1,842,568,253 | 50,300,000 | $1,811,898,225 | ||||
Total increase | + | 7,600,000 | 57,734,595 | 8,700,000 | 30,670,028 | |||
End of period | 66,600,000 | $1,900,302,848 | 59,000,000 | $1,842,568,253 |
3/1/19– 2/29/20 | 3/1/18– 2/28/19 | 3/1/17– 2/28/18 | 3/1/16– 2/28/17 | 3/1/15– 2/29/16 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $28.08 | $31.22 | $26.06 | $17.78 | $24.16 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 1.02 | 0.85 | 0.71 | 0.49 | 0.57 | |
Net realized and unrealized gains (losses) | (2.53) | (3.20) | 5.06 | 8.18 | (6.58) | |
Total from investment operations | (1.51) | (2.35) | 5.77 | 8.67 | (6.01) | |
Less distributions: | ||||||
Distributions from net investment income | (1.03) | (0.79) | (0.61) | (0.39) | (0.37) | |
Net asset value at end of period | $25.54 | $28.08 | $31.22 | $26.06 | $17.78 | |
Total return | (5.74%) | (7.36%) | 22.32% | 49.03% | (24.92%) | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.39% | 0.39% | 0.39% | 0.46% | 0.46% | |
Net investment income (loss) | 3.61% | 2.99% | 2.48% | 2.14% | 2.80% | |
Portfolio turnover rate2 | 32% | 33% | 14% | 14% | 20% | |
Net assets, end of period (x 1,000) | $2,574,297 | $2,341,576 | $2,200,763 | $1,011,273 | $359,092 | |
Security | Number of Shares | % of Net Assets | Value ($) | |
Common Stock 93.5% of net assets | ||||
Brazil 5.5% | ||||
Banco do Brasil S.A. | 1,671,019 | 0.7 | 17,355,945 | |
Petroleo Brasileiro S.A. | 3,204,178 | 0.7 | 19,281,955 | |
Vale S.A. | 3,564,701 | 1.4 | 35,009,786 | |
Other Securities | 2.7 | 70,907,859 | ||
5.5 | 142,555,545 | |||
Chile 0.8% | ||||
Other Securities | 0.8 | 19,282,578 | ||
China 28.0% | ||||
Agricultural Bank of China Ltd., H Shares | 39,418,546 | 0.6 | 15,781,480 | |
Alibaba Group Holding Ltd. ADR * | 111,971 | 0.9 | 23,289,968 | |
Bank of China Ltd., H Shares | 112,816,698 | 1.7 | 44,587,861 | |
China Construction Bank Corp., H Shares | 120,967,701 | 3.8 | 97,791,817 | |
China Merchants Bank Co., Ltd., H Shares | 2,640,259 | 0.5 | 12,450,776 | |
China Mobile Ltd. | 7,479,288 | 2.3 | 58,831,953 | |
China Overseas Land & Investment Ltd. | 3,359,244 | 0.4 | 11,272,125 | |
China Petroleum & Chemical Corp., H Shares | 98,390,427 | 2.0 | 50,754,136 | |
China Telecom Corp., Ltd., H Shares | 30,877,962 | 0.5 | 11,609,374 | |
CNOOC Ltd. | 21,096,386 | 1.1 | 28,911,582 | |
Industrial & Commercial Bank of China Ltd., H Shares | 92,285,939 | 2.5 | 63,118,298 | |
PetroChina Co., Ltd., H Shares | 47,747,412 | 0.7 | 18,503,305 | |
Ping An Insurance Group Co. of China Ltd., H Shares | 1,735,581 | 0.8 | 19,297,720 | |
Tencent Holdings Ltd. | 582,429 | 1.1 | 28,848,473 | |
Other Securities | 9.1 | 235,375,301 | ||
28.0 | 720,424,169 | |||
Colombia 0.3% | ||||
Other Securities | 0.3 | 8,375,093 | ||
Czech Republic 0.2% | ||||
Other Securities | 0.2 | 4,675,061 | ||
Egypt 0.1% | ||||
Other Securities | 0.1 | 3,435,473 | ||
Security | Number of Shares | % of Net Assets | Value ($) | |
Greece 0.7% | ||||
Other Securities | 0.7 | 19,160,216 | ||
Hungary 0.4% | ||||
Other Securities | 0.4 | 11,503,260 | ||
India 6.9% | ||||
Infosys Ltd. | 1,914,736 | 0.8 | 19,413,342 | |
Reliance Industries Ltd. GDR | 644,760 | 0.9 | 23,437,026 | |
Other Securities | 5.2 | 135,653,515 | ||
6.9 | 178,503,883 | |||
Indonesia 1.3% | ||||
Other Securities | 1.3 | 32,973,713 | ||
Kuwait 0.5% | ||||
Other Securities | 0.5 | 13,606,023 | ||
Malaysia 1.8% | ||||
Tenaga Nasional Berhad | 4,492,600 | 0.5 | 12,896,906 | |
Other Securities | 1.3 | 32,392,830 | ||
1.8 | 45,289,736 | |||
Mexico 4.1% | ||||
America Movil S.A.B. de C.V., Series L | 42,698,968 | 1.3 | 33,475,007 | |
Fomento Economico Mexicano S.A.B. de C.V. | 1,507,412 | 0.5 | 12,123,106 | |
Wal-Mart de Mexico S.A.B. de C.V. | 4,313,477 | 0.5 | 12,027,577 | |
Other Securities | 1.8 | 47,734,757 | ||
4.1 | 105,360,447 | |||
Philippines 0.3% | ||||
Other Securities | 0.3 | 7,435,022 | ||
Qatar 0.5% | ||||
Other Securities | 0.5 | 13,573,653 | ||
Russia 12.6% | ||||
Gazprom PJSC | 32,137,182 | 3.8 | 96,913,690 | |
LUKOIL PJSC | 1,044,307 | 3.4 | 88,571,841 | |
Magnit PJSC | 233,425 | 0.4 | 10,978,270 | |
MMC Norilsk Nickel PJSC | 38,391 | 0.5 | 11,568,717 | |
Mobile TeleSystems PJSC | 2,327,067 | 0.4 | 11,098,585 | |
Rosneft Oil Co. PJSC | 2,742,571 | 0.6 | 16,463,588 |
Security | Number of Shares | % of Net Assets | Value ($) | |
Sberbank of Russia PJSC | 8,793,970 | 1.2 | 30,538,107 | |
Tatneft PJSC | 1,331,760 | 0.5 | 13,309,673 | |
Other Securities | 1.8 | 45,316,494 | ||
12.6 | 324,758,965 | |||
South Africa 5.0% | ||||
MTN Group Ltd. | 4,378,699 | 0.8 | 20,513,627 | |
Sasol Ltd. | 1,222,474 | 0.6 | 14,446,043 | |
Standard Bank Group Ltd. | 1,193,244 | 0.4 | 11,263,817 | |
Other Securities | 3.2 | 82,957,755 | ||
5.0 | 129,181,242 | |||
Taiwan 19.3% | ||||
Asustek Computer, Inc. | 1,936,176 | 0.5 | 13,172,353 | |
AU Optronics Corp. | 46,436,371 | 0.6 | 14,569,115 | |
Compal Electronics, Inc. | 18,319,000 | 0.4 | 11,162,191 | |
Fubon Financial Holding Co., Ltd. | 7,626,116 | 0.4 | 11,195,061 | |
Hon Hai Precision Industry Co., Ltd. | 31,912,928 | 3.3 | 84,631,784 | |
Innolux Corp. | 61,151,000 | 0.6 | 15,954,454 | |
MediaTek, Inc. | 1,113,046 | 0.5 | 13,233,262 | |
Nan Ya Plastics Corp. | 4,901,588 | 0.4 | 11,023,899 | |
Pegatron Corp. | 8,429,234 | 0.7 | 17,454,481 | |
Taiwan Semiconductor Manufacturing Co., Ltd. | 10,735,352 | 4.4 | 112,035,246 | |
United Microelectronics Corp. | 21,773,931 | 0.4 | 11,002,201 | |
Other Securities | 7.1 | 181,153,357 | ||
19.3 | 496,587,404 | |||
Thailand 2.9% | ||||
PTT PCL NVDR | 20,910,300 | 1.0 | 25,843,819 | |
Other Securities | 1.9 | 47,658,462 | ||
2.9 | 73,502,281 | |||
Turkey 1.7% | ||||
Other Securities | 1.7 | 43,195,664 | ||
United Arab Emirates 0.6% | ||||
Other Securities | 0.6 | 14,846,304 | ||
Total Common Stock | ||||
(Cost $2,441,543,737) | 2,408,225,732 | |||
Preferred Stock 6.2% of net assets | ||||
Brazil 4.4% | ||||
Banco Bradesco S.A. | 3,415,679 | 0.9 | 23,113,646 | |
Itau Unibanco Holding S.A. | 4,937,675 | 1.4 | 35,021,688 |
Security | Number of Shares | % of Net Assets | Value ($) | |
Petroleo Brasileiro S.A. | 4,113,636 | 0.9 | 23,104,526 | |
Other Securities | 1.2 | 32,773,269 | ||
4.4 | 114,013,129 | |||
Colombia 0.2% | ||||
Other Securities | 0.2 | 4,788,699 | ||
Russia 1.6% | ||||
Transneft PJSC | 13,579 | 1.2 | 30,684,094 | |
Other Securities | 0.4 | 9,919,550 | ||
1.6 | 40,603,644 | |||
Total Preferred Stock | ||||
(Cost $149,699,289) | 159,405,472 | |||
Other Investment Company 0.1% of net assets | ||||
United States 0.1% | ||||
Money Market Fund 0.1% | ||||
Other Securities | 0.1 | 2,587,222 | ||
Total Other Investment Company | ||||
(Cost $2,587,222) | 2,587,222 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Depreciation ($) | ||
Futures Contracts | ||||
Long | ||||
MSCI Emerging Markets Index, expires 03/20/20 | 127 | 6,405,880 | (578,104) |
* | Non-income producing security. |
(a) | The rate shown is the 7-day yield. |
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 Stock1 | $2,408,225,732 | $— | $— | $2,408,225,732 | |
Preferred Stock1 | 159,405,472 | — | — | 159,405,472 | |
Other Investment Company1 | 2,587,222 | — | — | 2,587,222 | |
Liabilities | |||||
Futures Contracts2 | (578,104) | — | — | (578,104) | |
Total | $2,569,640,322 | $— | $— | $2,569,640,322 |
1 | As categorized in the complete schedule of Portfolio Holdings. |
2 | Futures contracts are valued at unrealized appreciation or depreciation. |
Assets | ||
Investments in unaffiliated issuers, at value (cost $2,593,830,248) | $2,570,218,426 | |
Deposit with broker for futures contracts | 1,195,744 | |
Foreign currency, at value (cost $655,511) | 649,673 | |
Receivables: | ||
Dividends | + | 3,652,009 |
Total assets | 2,575,715,852 | |
Liabilities | ||
Payables: | ||
Management fees | 841,202 | |
Variation margin on futures contracts | + | 577,854 |
Total liabilities | 1,419,056 | |
Net Assets | ||
Total assets | 2,575,715,852 | |
Total liabilities | – | 1,419,056 |
Net assets | $2,574,296,796 | |
Net Assets by Source | ||
Capital received from investors | 2,694,795,809 | |
Total distributable loss | (120,499,013) |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$2,574,296,796 | 100,800,000 | $25.54 | ||
Investment Income | ||
Dividends (net of foreign withholding tax of $13,192,892) | $102,709,218 | |
Securities on loan, net | + | 5,966 |
Total investment income | 102,715,184 | |
Expenses | ||
Management fees | 10,047,803 | |
Total expenses | – | 10,047,803 |
Net investment income | 92,667,381 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments | (6,810,903) | |
Net realized gains on in-kind redemptions | 20,470,105 | |
Net realized losses on futures contracts | (1,198,711) | |
Net realized losses on foreign currency transactions | + | (1,393,638) |
Net realized gains | 11,066,853 | |
Net change in unrealized appreciation (depreciation) on investments (net of change in foreign capital gains tax of $1,373,240) | (269,698,921) | |
Net change in unrealized appreciation (depreciation) on futures contracts | (592,447) | |
Net change in unrealized appreciation (depreciation) on foreign currency translations | + | (269,873) |
Net change in unrealized appreciation (depreciation) | + | (270,561,241) |
Net realized and unrealized losses | (259,494,388) | |
Decrease in net assets resulting from operations | ($166,827,007) |
Operations | ||||
3/1/19-2/29/20 | 3/1/18-2/28/19 | |||
Net investment income | $92,667,381 | $65,586,231 | ||
Net realized gains (losses) | 11,066,853 | (56,473,494) | ||
Net change in unrealized appreciation (depreciation) | + | (270,561,241) | (178,366,547) | |
Decrease in net assets resulting from operations | (166,827,007) | (169,253,810) | ||
Distributions to Shareholders | ||||
Total distributions | ($99,031,790) | ($62,958,600) |
Transactions in Fund Shares | ||||||||
3/1/19-2/29/20 | 3/1/18-2/28/19 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 24,000,000 | $683,687,511 | 13,400,000 | $387,214,447 | ||||
Shares redeemed | + | (6,600,000) | (185,107,560) | (500,000) | (14,188,920) | |||
Net transactions in fund shares | 17,400,000 | $498,579,951 | 12,900,000 | $373,025,527 | ||||
Shares Outstanding and Net Assets | ||||||||
3/1/19-2/29/20 | 3/1/18-2/28/19 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 83,400,000 | $2,341,575,642 | 70,500,000 | $2,200,762,525 | ||||
Total increase | + | 17,400,000 | 232,721,154 | 12,900,000 | 140,813,117 | |||
End of period | 100,800,000 | $2,574,296,796 | 83,400,000 | $2,341,575,642 |
SCHWAB STRATEGIC TRUST (ORGANIZED JANUARY 27, 2009) | |
Schwab Fundamental U.S. Broad Market Index ETF | Schwab U.S. Dividend Equity ETF |
Schwab Fundamental U.S. Large Company Index ETF | Schwab U.S. REIT 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 |
2. Significant Accounting Policies:
3. Risk Factors:
4. Affiliates and Affiliated Transactions:
Schwab Fundamental U.S. Broad Market Index ETF | Schwab Fundamental U.S. Large Company Index ETF | Schwab Fundamental U.S. Small Company Index ETF | Schwab Fundamental International Large Company Index ETF | Schwab Fundamental International Small Company Index ETF | Schwab Fundamental Emerging Markets Large Company Index ETF |
0.25% | 0.25% | 0.25% | 0.25% | 0.39% | 0.39% |
Total Aggregate Transactions | Realized Gains (Losses) | |
Schwab Fundamental U.S. Broad Market Index ETF | $16,062,142 | ($388,169) |
Schwab Fundamental U.S. Large Company Index ETF | 329,491,517 | (11,154,188) |
Schwab Fundamental U.S. Small Company Index ETF | 104,951,532 | (578,813) |
Schwab Fundamental International Large Company Index ETF | 284,288,774 | (2,383,700) |
Schwab Fundamental International Small Company Index ETF | 50,427,274 | (1,499,189) |
Schwab Fundamental Emerging Markets Large Company Index ETF | 292,225,859 | 6,673,144 |
5. Other Service Providers:
6. Board of Trustees:
7. Borrowing from Banks:
8. Derivatives:
Notional Amounts | Number of Contracts | |
Schwab Fundamental U.S. Broad Market Index ETF | $490,552 | 3 |
Schwab Fundamental U.S. Large Company Index ETF | 9,466,172 | 64 |
Schwab Fundamental U.S. Small Company Index ETF | 5,975,493 | 76 |
Schwab Fundamental International Large Company Index ETF | 21,590,249 | 227 |
Schwab Fundamental International Small Company Index ETF | 9,852,571 | 102 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 9,640,087 | 186 |
9. Purchases and Sales of Investment Securities:
Purchases of Securities | Sales of Securities | |
Schwab Fundamental U.S. Broad Market Index ETF | $38,255,719 | $37,570,846 |
Schwab Fundamental U.S. Large Company Index ETF | 652,671,218 | 621,207,744 |
Schwab Fundamental U.S. Small Company Index ETF | 993,818,656 | 889,622,281 |
Schwab Fundamental International Large Company Index ETF | 918,993,904 | 856,357,241 |
Schwab Fundamental International Small Company Index ETF | 638,320,366 | 611,906,465 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 1,323,615,942 | 814,390,753 |
10. In-Kind Transactions:
In-Kind Purchases of Securities | In-Kind Sales of Securities | |
Schwab Fundamental U.S. Broad Market Index ETF | $17,100,022 | $29,006,311 |
Schwab Fundamental U.S. Large Company Index ETF | 1,389,778,433 | 369,097,318 |
Schwab Fundamental U.S. Small Company Index ETF | 972,649,029 | 622,510,592 |
Schwab Fundamental International Large Company Index ETF | 725,966,972 | 41,729,104 |
Schwab Fundamental International Small Company Index ETF | 247,949,586 | 27,779,866 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 158,631,607 | 177,052,170 |
11. Federal Income Taxes
Schwab Fundamental U.S. Broad Market Index ETF | Schwab Fundamental U.S. Large Company Index ETF | Schwab Fundamental U.S. Small Company Index ETF | Schwab Fundamental International Large Company Index ETF | Schwab Fundamental International Small Company Index ETF | Schwab Fundamental Emerging Markets Large Company Index ETF | ||||||
Tax cost | $240,908,029 | $5,343,308,528 | $3,713,417,239 | $4,747,654,071 | $2,112,754,847 | $2,662,851,548 | |||||
Gross unrealized appreciation | $50,527,100 | $803,599,157 | $378,353,473 | $368,066,173 | $358,002,441 | $194,769,621 | |||||
Gross unrealized depreciation | (29,456,089) | (590,183,159) | (639,851,493) | (666,191,054) | (539,160,015) | (287,980,847) | |||||
Net unrealized appreciation (depreciation) | $21,071,011 | $213,415,998 | ($261,498,020) | ($298,124,881) | ($181,157,574) | ($93,211,226) |
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 | ||||||
Undistributed ordinary income | $1,166,392 | $25,936,355 | $5,176,767 | $11,224,011 | $4,098,705 | $1,799,635 | |||||
Net unrealized appreciation (depreciation) on investments | 21,071,011 | 213,415,998 | (261,498,020) | (298,124,881) | (181,157,574) | (93,211,226) | |||||
Net other unrealized appreciation (depreciation) | — | — | — | (147,132) | (67,722) | (220,420) | |||||
Total | $22,237,403 | $239,352,353 | ($256,321,253) | ($287,048,002) | ($177,126,591) | ($91,632,011) |
Expiration Date | Schwab Fundamental U.S. Broad Market Index ETF | Schwab Fundamental U.S. Large Company Index ETF | Schwab Fundamental U.S. Small Company Index ETF | Schwab Fundamental International Large Company Index ETF | Schwab Fundamental International Small Company Index ETF | Schwab Fundamental Emerging Markets Large Company Index ETF | |||||
No expiration | $6,307,497 | $77,080,092 | $159,483,892 | $100,013,237 | $55,412,483 | $28,867,002 | |||||
Total | $6,307,497 | $77,080,092 | $159,483,892 | $100,013,237 | $55,412,483 | $28,867,002 |
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 | |
Capital loss carryforwards utilized | $— | $— | $— | $— | $— | $10,773,350 |
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 | |
Current period distributions | ||||||
Ordinary income | $6,831,860 | $128,120,700 | $50,954,980 | $150,746,760 | $57,727,940 | $99,031,790 |
Prior period distributions | ||||||
Ordinary income | $5,622,015 | $96,068,705 | $46,334,630 | $123,073,280 | $43,257,300 | $62,958,600 |
12. Subsequent Events:
San Francisco, California
April 16, 2020
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 | 15,688,311 | 170,161,770 |
Schwab Fundamental International Small Company Index ETF | 5,317,612 | 61,335,203 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 13,096,909 | 115,784,478 |
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 | 78.76% |
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 | $6,831,860 |
Schwab Fundamental U.S. Large Company Index ETF | 128,120,700 |
Schwab Fundamental U.S. Small Company Index ETF | 41,268,724 |
Schwab Fundamental International Large Company Index ETF | 166,435,071 |
Schwab Fundamental International Small Company Index ETF | 53,906,494 |
Schwab Fundamental Emerging Markets Large Company Index ETF | 78,115,369 |
Market Price vs. NAV as of February 29, 2020
Number of Days Market Price Above NAV | Number of Days Market Price Below NAV | |||||||
1-49 Basis Points | 50-99 Basis Points | 100-199 Basis Points | >200 Basis Points | 1-49 Basis Points | 50-99 Basis Points | 100-199 Basis Points | >200 Basis Points | |
Schwab Fundamental U.S. Broad Market Index ETF | ||||||||
For the period | ||||||||
3/1/15 through 2/29/20 | 634 | 3 | — | — | 479 | — | — | — |
Schwab Fundamental U.S. Large Company Index ETF | ||||||||
For the period | ||||||||
3/1/15 through 2/29/20 | 465 | — | — | — | 556 | — | — | — |
Schwab Fundamental U.S. Small Company Index ETF | ||||||||
For the period | ||||||||
3/1/15 through 2/29/20 | 555 | — | — | — | 450 | — | — | — |
Schwab Fundamental International Large Company Index ETF | ||||||||
For the period | ||||||||
3/1/15 through 2/29/20 | 685 | 247 | 51 | 2 | 185 | 41 | 16 | 2 |
Schwab Fundamental International Small Company Index ETF | ||||||||
For the period | ||||||||
3/1/15 through 2/29/20 | 591 | 286 | 73 | 2 | 198 | 45 | 27 | 3 |
Schwab Fundamental Emerging Markets Large Company Index ETF | ||||||||
For the period | ||||||||
3/1/15 through 2/29/20 | 457 | 289 | 101 | 7 | 246 | 85 | 38 | 5 |
Independent Trustees | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Robert W. Burns 1959 Trustee (Trustee of Schwab Strategic Trust since 2009; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) | Retired/Private Investor (Jan. 2009 – present). Formerly, Managing Director, Pacific Investment Management Company, LLC (PIMCO) (investment management firm) and President, PIMCO Funds. | 99 | None |
John F. Cogan 1947 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Laudus Trust since 2010; Schwab Strategic Trust since 2016) | Senior Fellow (Oct. 1979 – present), The Hoover Institution at Stanford University (public policy think tank); Senior Fellow (2000 – present), Stanford Institute for Economic Policy Research; Professor of Public Policy (1994 – 2015), Stanford University. | 99 | Director (2005 – present), Gilead Sciences, Inc. |
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. President and Chairman (2014 – 2016), TIAA Charitable (financial services); Senior Managing Director (2003 – 2016), TIAA (financial services). | 99 | None |
Stephen Timothy Kochis 1946 Trustee (Trustee of Schwab Strategic Trust since 2012; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) | CEO and Owner (May 2012 – present), Kochis Global (wealth management consulting). | 99 | None |
Independent Trustees (continued) | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
David L. Mahoney 1954 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016) | Private Investor. | 99 | Director (2004 – present), Corcept Therapeutics Incorporated Director (2009 – present), 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). | 99 | None |
Kiran M. Patel 1948 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016) | Retired. Executive Vice President and General Manager of Small Business Group (Dec. 2008 – Sept. 2013), Intuit, Inc. (financial software and services firm for consumers and small businesses). | 99 | Director (2008 – present), KLA-Tencor Corporation |
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). | 99 | None |
Gerald B. Smith 1950 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2000; Laudus Trust since 2010; Schwab Strategic Trust since 2016) | Chairman, Chief Executive Officer and Founder (Mar. 1990 – present), Smith Graham & Co. (investment advisors). | 99 | Director (2012 – present), Eaton Corporation plc |
Interested Trustees | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Walter W. Bettinger II2 1960 Chairman and Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Schwab Strategic Trust since 2009; Laudus Trust since 2010) | Director, President and Chief Executive Officer (Oct. 2008 – present), The Charles Schwab Corporation; President and Chief Executive Officer (Oct. 2008 – present) and Director (May 2008 – present), Charles Schwab & Co., Inc.; Director (Apr. 2006 – present), Charles Schwab Bank; Director (Nov. 2017 – present), Charles Schwab Premier Bank; Director (July 2019 – present), Charles Schwab Trust Bank; Director (May 2008 – present) and President and Chief Executive Officer (Aug. 2017 – present), Schwab Holdings, Inc.; Director (July 2016 – present), Charles Schwab Investment Management, Inc. | 99 | Director (2008 – present), The Charles Schwab Corporation |
Jonathan de St. Paer2 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 2019) | Director (Apr. 2019 – present), President (Oct. 2018 – present), and Chief Executive Officer (Apr. 2019 – Nov. 2019), Charles Schwab Investment Management, Inc.; Trustee and Chief Executive Officer (Apr. 2019 – present) and President (Nov. 2018 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Director (Apr. 2019 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited; Senior Vice President (Apr. 2019 – present), Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), and Vice President (Jan. 2009 – Dec. 2013), Charles Schwab & Co., Inc. | 99 | None |
Joseph R. Martinetto2 1962 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2016) | Chief Operating Officer (Feb. 2018 – present) and Senior Executive Vice President (July 2015 – Feb. 2018), The Charles Schwab Corporation; Senior Executive Vice President (July 2015 – present), Charles Schwab & Co., Inc.; Chief Financial Officer (July 2015 – Aug. 2017) and Executive Vice President and Chief Financial Officer (May 2007 – July 2015), The Charles Schwab Corporation and Charles Schwab & Co., Inc.; Director (May 2007 – present), Charles Schwab & Co., Inc.; Director (Apr. 2010 – present) and Chief Executive Officer (July 2013 – Apr. 2015), Charles Schwab Bank; Director (Nov. 2017 – present), Charles Schwab Premier Bank; Director (May 2007 – present), Chief Financial Officer (May 2007 – Aug. 2017), Senior Executive Vice President (Feb. 2016 – present), and Executive Vice President (May 2007 – Feb. 2016), Schwab Holdings, Inc. | 99 | 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 |
Jonathan de St. Paer 1973 President and Chief Executive Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018) | Director (Apr. 2019 – present), President (Oct. 2018 – present), and Chief Executive Officer (Apr. 2019 – Nov. 2019), Charles Schwab Investment Management, Inc.; Trustee and Chief Executive Officer (Apr. 2019 – present) and President (Nov. 2018 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Director (Apr. 2019 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited; Senior Vice President (Apr. 2019 – present), Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), and Vice President (Jan. 2009 – Dec. 2013), Charles Schwab & Co., Inc. |
Officers of the Trust (continued) | |
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served3) | Principal Occupations During the Past Five Years |
Mark Fischer 1970 Treasurer and Chief Financial Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2013) | Treasurer and Chief Financial Officer (Jan. 2016 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Assistant Treasurer (Dec. 2013 – Dec. 2015), Schwab Funds and Laudus Funds; Assistant Treasurer (Nov. 2013 – Dec. 2015), Schwab ETFs; Chief Financial Officer (Mar. 2020 – present) and Vice President (Oct. 2013 – present), Charles Schwab Investment Management, Inc.; Executive Director (Apr. 2011 – Sept. 2013), J.P. Morgan Investor Services; Assistant Treasurer (May 2005 – Mar. 2011), Massachusetts Financial Service Investment Management. |
Omar Aguilar 1970 Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Senior Vice President and Chief Investment Officer (Apr. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies (June 2011 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Head of the Portfolio Management Group and Vice President of Portfolio Management (May 2009 – Apr. 2011), Financial Engines, Inc. (investment management firm); Head of Quantitative Equity (July 2004 – Jan. 2009), ING Investment Management. |
Brett Wander 1961 Senior Vice President and Chief Investment Officer – Fixed Income (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Senior Vice President and Chief Investment Officer (Apr. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Investment Officer – Fixed Income (June 2011 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Senior Managing Director and Global Head of Active Fixed-Income Strategies (Jan. 2008 – Oct. 2010), State Street Global Advisors; Director of Alpha Strategies (Apr. 2006 – Jan. 2008), Loomis, Sayles & Company (investment management firm). |
David Lekich 1964 Chief Legal Officer and Secretary, Schwab Funds and Schwab ETFs Vice President and Assistant Clerk, Laudus Funds (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Senior Vice President (Sept. 2011 – present) and Vice President (Mar. 2004 – Sept. 2011), Charles Schwab & Co., Inc.; Senior Vice President and Chief Counsel (Sept. 2011 – present) and Vice President (Jan. 2011 – Sept. 2011), Charles Schwab Investment Management, Inc.; Secretary (Apr. 2011 – present) and Chief Legal Officer (Dec. 2011 – present), Schwab Funds; Vice President and Assistant Clerk (Apr. 2011 – present), Laudus Funds; Secretary (May 2011 – present) and Chief Legal Officer (Nov. 2011 – present), Schwab ETFs. |
Catherine MacGregor 1964 Vice President and Assistant Secretary, Schwab Funds and Schwab ETFs Chief Legal Officer, Vice President and Clerk, Laudus Funds (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2005; Schwab Strategic Trust since 2009) | Vice President (July 2005 – present), Charles Schwab & Co., Inc.; Vice President (Sept. 2005 – present), Charles Schwab Investment Management, Inc.; Vice President (Dec. 2005 – present) and Chief Legal Officer and Clerk (Mar. 2007 – present), Laudus Funds; Vice President (Nov. 2005 – present) and Assistant Secretary (June 2007 – present), Schwab Funds; Vice President and Assistant Secretary (Oct. 2009 – present), Schwab ETFs. |
1 | Each Trustee shall hold office until the election and qualification of his or her successor, or until he or she dies, resigns or is removed. The retirement policy requires that each independent trustee retire by December 31 of the year in which the Trustee turns 74 or the Trustee’s twentieth year of service as an independent trustee on any trust in the Fund Complex, whichever occurs first. |
2 | Mr. Bettinger, Mr. de St. Paer and Mr. Martinetto are Interested Trustees. Mr. Bettinger is an Interested Trustee because he owns stock of The Charles Schwab Corporation (CSC), the parent company of Charles Schwab Investment Management, Inc. (CSIM), the investment adviser for the trusts in the Fund Complex, is an employee and director of Charles Schwab & Co., Inc. (CS&Co), the principal underwriter for The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust, and is a director of CSIM. Mr. de St. Paer is an Interested Trustee because he owns stock of CSC and is an employee and director of CSIM. Mr. Martinetto is an Interested Trustee because he owns stock of CSC and is an employee and director of CS&Co. |
3 | The President, Treasurer and Secretary/Clerk hold office until their respective successors are chosen and qualified or until he or she sooner dies, resigns, is removed or becomes disqualified. Each of the other officers serves at the pleasure of the Board. |
Schwab ETFs
Index ETF
Printed on recycled paper.
* | FUNDAMENTAL INDEX is a registered trademark of Research Affiliates LLC. |
![](https://capedge.com/proxy/N-CSR/0001683863-20-008239/img15a837f21.jpg)
00242744
Item 2: Code of Ethics.
(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 13(a)(1) of Form N-CSR. |
Item 3: Audit Committee Financial Expert.
Registrant's Board of Trustees has determined that Kiran M. Patel and Kimberly S. Patmore, 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 Mr. Patel and Ms. Patmore 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 twenty-five operational series. Eleven series have a fiscal year-end of August 31, seven series have a fiscal year-end of December 31, and seven series have a fiscal year-end of February 28 (whose annual financial statements are reported in Item 1). Principal accountant fees disclosed in Items 4(a)-(d) and 4(g) include fees billed for services rendered to each of the twenty-five operational series based on their respective 2019/2020 fiscal year and twenty-two operational series based on their respective 2018/2019 fiscal year, 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 Fees | (b)Audit-Related Fees | (c) Tax Fees1 | (d) All Other Fees | ||||
Fiscal Year 2019/2020 | Fiscal Year 2018/2019 | Fiscal Year 2019/2020 | Fiscal Year 2018/2019 | Fiscal Year 2019/2020 | Fiscal Year 2018/2019 | Fiscal Year 2019/2020 | Fiscal Year 2018/2019 |
$563,669 | $504,395 | $0 | $0 | $104,429 | $91,339 | $0 | $0 |
1 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 (including services required to be approved by Registrant’s audit, compliance and valuation committee pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X) 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.
(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.
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 Kiran M. Patel, John F. Cogan, Nancy F. Heller and Kimberly S. Patmore.
Item 6: Schedule of Investments.
Except as noted below, the schedules of investments are included as part of the report to shareholders filed under Item 1 of this Form. The schedules of investments for the Schwab Fundamental U.S. Broad Market Index ETF, Schwab Fundamental U.S. Large Company Index ETF, Schwab Fundamental U.S. Small Company Index ETF, Schwab Fundamental International Large Company Index ETF, Schwab Fundamental International Small Company Index ETF, and Schwab Fundamental Emerging Markets Large Company Index ETF are filed under this Item.
Security | Number of Shares | Value ($) |
Common Stock 99.7% of net assets | ||
Automobiles & Components 1.7% | ||
Adient plc * | 8,473 | 202,759 |
American Axle & Manufacturing Holdings, Inc. * | 4,832 | 30,587 |
Aptiv plc | 3,130 | 244,484 |
Autoliv, Inc. | 1,849 | 123,384 |
BorgWarner, Inc. | 4,130 | 130,508 |
Cooper Tire & Rubber Co. | 2,167 | 55,237 |
Cooper-Standard Holding, Inc. * | 1,091 | 18,852 |
Dana, Inc. | 4,222 | 60,712 |
Delphi Technologies plc * | 3,297 | 46,554 |
Dorman Products, Inc. * | 259 | 15,706 |
Ford Motor Co. | 155,596 | 1,082,948 |
Garrett Motion, Inc. * | 1,620 | 11,243 |
General Motors Co. | 47,549 | 1,450,244 |
Gentex Corp. | 2,909 | 77,670 |
Gentherm, Inc. * | 423 | 17,250 |
Harley-Davidson, Inc. | 3,467 | 105,639 |
LCI Industries | 382 | 36,882 |
Lear Corp. | 1,731 | 192,487 |
Modine Manufacturing Co. * | 1,384 | 10,325 |
Standard Motor Products, Inc. | 392 | 17,248 |
Stoneridge, Inc. * | 316 | 6,984 |
Superior Industries International, Inc. | 3,527 | 9,170 |
Tenneco, Inc., Class A | 3,648 | 33,452 |
Tesla, Inc. * | 68 | 45,423 |
The Goodyear Tire & Rubber Co. | 16,241 | 157,294 |
Thor Industries, Inc. | 1,393 | 105,046 |
Veoneer, Inc. * | 644 | 7,928 |
Visteon Corp. * | 1,924 | 125,137 |
Winnebago Industries, Inc. | 459 | 23,818 |
4,444,971 | ||
Banks 5.7% | ||
Associated Banc-Corp. | 1,371 | 23,211 |
Atlantic Union Bankshares Corp. | 336 | 9,993 |
BancorpSouth Bank | 625 | 15,294 |
Bank of America Corp. | 65,500 | 1,866,750 |
Bank of Hawaii Corp. | 318 | 23,666 |
Bank OZK | 722 | 18,332 |
BankUnited, Inc. | 957 | 28,423 |
Banner Corp. | 190 | 8,672 |
BOK Financial Corp. | 266 | 19,258 |
Boston Private Financial Holdings, Inc. | 877 | 8,555 |
Capitol Federal Financial, Inc. | 1,295 | 15,805 |
Cathay General Bancorp | 592 | 18,222 |
Central Pacific Financial Corp. | 378 | 9,042 |
CIT Group, Inc. | 3,179 | 126,238 |
Citigroup, Inc. | 34,771 | 2,206,568 |
Citizens Financial Group, Inc. | 5,120 | 162,253 |
Columbia Banking System, Inc. | 457 | 15,172 |
Comerica, Inc. | 1,384 | 72,854 |
Commerce Bancshares, Inc. | 563 | 34,366 |
Community Bank System, Inc. | 238 | 14,473 |
Cullen/Frost Bankers, Inc. | 361 | 28,299 |
CVB Financial Corp. | 508 | 9,418 |
Security | Number of Shares | Value ($) |
East West Bancorp, Inc. | 1,093 | 42,343 |
Essent Group Ltd. | 282 | 12,306 |
F.N.B. Corp. | 2,543 | 25,659 |
Fifth Third Bancorp | 11,216 | 273,670 |
First BanCorp | 1,272 | 10,100 |
First Citizens BancShares, Inc., Class A | 41 | 18,586 |
First Commonwealth Financial Corp. | 762 | 8,992 |
First Financial Bancorp | 429 | 8,837 |
First Financial Bankshares, Inc. | 380 | 10,921 |
First Hawaiian, Inc. | 790 | 18,920 |
First Horizon National Corp. | 1,770 | 23,594 |
First Midwest Bancorp, Inc. | 617 | 11,199 |
First Republic Bank | 588 | 59,135 |
Fulton Financial Corp. | 1,643 | 23,741 |
Glacier Bancorp, Inc. | 463 | 17,265 |
Great Western Bancorp, Inc. | 465 | 12,495 |
Hancock Whitney Corp. | 723 | 24,220 |
Hilltop Holdings, Inc. | 584 | 12,165 |
Home BancShares, Inc. | 871 | 14,598 |
Hope Bancorp, Inc. | 1,076 | 13,138 |
Huntington Bancshares, Inc. | 8,007 | 98,246 |
IBERIABANK Corp. | 282 | 16,974 |
Independent Bank Corp. | 129 | 8,711 |
International Bancshares Corp. | 453 | 15,447 |
Investors Bancorp, Inc. | 1,746 | 18,403 |
JPMorgan Chase & Co. | 30,532 | 3,545,070 |
KeyCorp | 8,164 | 133,481 |
M&T Bank Corp. | 1,207 | 169,439 |
MGIC Investment Corp. | 2,830 | 34,045 |
National Bank Holdings Corp., Class A | 270 | 8,259 |
NBT Bancorp, Inc. | 316 | 10,646 |
New York Community Bancorp, Inc. | 6,719 | 72,632 |
Northwest Bancshares, Inc. | 854 | 11,862 |
Ocwen Financial Corp. * | 10,437 | 13,046 |
OFG Bancorp | 535 | 8,956 |
Old National Bancorp | 1,014 | 15,981 |
PacWest Bancorp | 1,207 | 38,189 |
Park National Corp. | 118 | 10,304 |
People's United Financial, Inc. | 3,272 | 45,775 |
Pinnacle Financial Partners, Inc. | 223 | 11,739 |
Popular, Inc. | 797 | 38,240 |
Prosperity Bancshares, Inc. | 569 | 36,757 |
Provident Financial Services, Inc. | 450 | 8,991 |
Radian Group, Inc. | 1,565 | 33,241 |
Regions Financial Corp. | 11,280 | 152,506 |
Signature Bank | 268 | 33,527 |
Simmons First National Corp., Class A | 380 | 8,124 |
South State Corp. | 200 | 13,624 |
Sterling Bancorp | 595 | 9,865 |
SVB Financial Group * | 211 | 43,922 |
Synovus Financial Corp. | 1,211 | 35,143 |
TCF Financial Corp. | 1,265 | 46,097 |
Texas Capital Bancshares, Inc. * | 287 | 13,512 |
The Bank of NT Butterfield & Son Ltd. | 407 | 11,266 |
The PNC Financial Services Group, Inc. | 4,883 | 617,211 |
Truist Financial Corp. | 12,877 | 594,145 |
Trustmark Corp. | 524 | 14,096 |
U.S. Bancorp | 16,425 | 762,777 |
UMB Financial Corp. | 286 | 16,631 |
Umpqua Holdings Corp. | 2,183 | 33,596 |
Security | Number of Shares | Value ($) |
United Bankshares, Inc. | 646 | 18,656 |
United Community Banks, Inc. | 406 | 10,057 |
Valley National Bancorp | 2,248 | 20,906 |
Walker & Dunlop, Inc. | 275 | 17,834 |
Washington Federal, Inc. | 908 | 27,231 |
Webster Financial Corp. | 636 | 24,149 |
Wells Fargo & Co. | 63,094 | 2,577,390 |
WesBanco, Inc. | 286 | 8,754 |
Westamerica Bancorp | 172 | 9,945 |
Western Alliance Bancorp | 362 | 16,666 |
Wintrust Financial Corp. | 351 | 18,747 |
Zions Bancorp NA | 1,038 | 41,468 |
14,979,027 | ||
Capital Goods 8.6% | ||
3M Co. | 6,637 | 990,506 |
A.O. Smith Corp. | 1,238 | 48,963 |
AAON, Inc. | 250 | 13,753 |
AAR Corp. | 797 | 27,536 |
Acuity Brands, Inc. | 485 | 49,887 |
AECOM * | 3,384 | 152,077 |
Aegion Corp. * | 958 | 17,254 |
AerCap Holdings N.V. * | 2,355 | 122,648 |
AGCO Corp. | 1,633 | 98,682 |
Air Lease Corp. | 912 | 34,984 |
Aircastle Ltd. | 1,031 | 32,837 |
Alamo Group, Inc. | 141 | 15,619 |
Albany International Corp., Class A | 174 | 11,148 |
Allegion plc | 347 | 39,902 |
Allison Transmission Holdings, Inc. | 1,678 | 68,127 |
Altra Industrial Motion Corp. | 403 | 12,138 |
American Woodmark Corp. * | 151 | 12,649 |
AMETEK, Inc. | 1,371 | 117,906 |
Apogee Enterprises, Inc. | 554 | 16,725 |
Applied Industrial Technologies, Inc. | 768 | 45,304 |
Arconic, Inc. | 6,198 | 181,911 |
Arcosa, Inc. | 1,303 | 55,977 |
Argan, Inc. | 251 | 10,474 |
Armstrong World Industries, Inc. | 267 | 26,740 |
Astec Industries, Inc. | 668 | 25,083 |
Atkore International Group, Inc. * | 601 | 22,183 |
AZZ, Inc. | 442 | 16,305 |
Barnes Group, Inc. | 559 | 30,018 |
Beacon Roofing Supply, Inc. * | 1,207 | 35,848 |
BMC Stock Holdings, Inc. * | 1,145 | 28,087 |
Briggs & Stratton Corp. | 3,230 | 10,239 |
Builders FirstSource, Inc. * | 1,165 | 26,457 |
BWX Technologies, Inc. | 666 | 36,523 |
Caesarstone Ltd. | 606 | 6,551 |
Carlisle Cos., Inc. | 593 | 86,157 |
Caterpillar, Inc. | 6,373 | 791,782 |
Chart Industries, Inc. * | 222 | 12,636 |
Colfax Corp. * | 1,597 | 53,452 |
Comfort Systems USA, Inc. | 475 | 20,054 |
Crane Co. | 515 | 34,994 |
Cubic Corp. | 232 | 12,630 |
Cummins, Inc. | 2,499 | 378,074 |
Curtiss-Wright Corp. | 402 | 48,216 |
Deere & Co. | 3,895 | 609,490 |
Donaldson Co., Inc. | 1,289 | 58,108 |
Dover Corp. | 1,534 | 157,603 |
DXP Enterprises, Inc. * | 357 | 10,135 |
Dycom Industries, Inc. * | 688 | 20,337 |
Eaton Corp. plc | 6,676 | 605,647 |
EMCOR Group, Inc. | 986 | 75,843 |
Emerson Electric Co. | 8,868 | 568,527 |
Encore Wire Corp. | 423 | 20,714 |
Security | Number of Shares | Value ($) |
Enerpac Tool Group Corp. | 1,052 | 22,481 |
EnerSys | 797 | 49,079 |
EnPro Industries, Inc. | 255 | 13,757 |
ESCO Technologies, Inc. | 171 | 15,547 |
Fastenal Co. | 4,545 | 155,530 |
Federal Signal Corp. | 583 | 16,907 |
Flowserve Corp. | 1,976 | 79,415 |
Fluor Corp. | 10,963 | 102,175 |
Fortive Corp. | 1,450 | 100,282 |
Fortune Brands Home & Security, Inc. | 1,974 | 121,894 |
Franklin Electric Co., Inc. | 457 | 23,622 |
Gardner Denver Holdings, Inc. * | 373 | 12,231 |
GATX Corp. | 739 | 52,861 |
Generac Holdings, Inc. * | 511 | 52,628 |
General Dynamics Corp. | 3,546 | 566,261 |
General Electric Co. | 286,546 | 3,117,620 |
Gibraltar Industries, Inc. * | 333 | 16,873 |
GMS, Inc. * | 738 | 16,863 |
Graco, Inc. | 986 | 48,630 |
Granite Construction, Inc. | 982 | 19,954 |
Griffon Corp. | 967 | 16,826 |
H&E Equipment Services, Inc. | 698 | 16,584 |
HD Supply Holdings, Inc. * | 1,662 | 63,189 |
HEICO Corp. | 83 | 8,952 |
HEICO Corp., Class A | 190 | 16,783 |
Herc Holdings, Inc. * | 394 | 14,452 |
Hexcel Corp. | 740 | 47,826 |
Hillenbrand, Inc. | 1,102 | 25,787 |
Honeywell International, Inc. | 5,666 | 918,855 |
Hubbell, Inc. | 685 | 91,269 |
Huntington Ingalls Industries, Inc. | 513 | 105,437 |
Hyster-Yale Materials Handling, Inc. | 305 | 14,683 |
IDEX Corp. | 472 | 69,856 |
Illinois Tool Works, Inc. | 3,743 | 628,001 |
Ingersoll-Rand plc | 2,247 | 289,953 |
Insteel Industries, Inc. | 456 | 9,070 |
ITT, Inc. | 861 | 51,789 |
Jacobs Engineering Group, Inc. | 2,112 | 195,022 |
JELD-WEN Holding, Inc. * | 853 | 16,036 |
John Bean Technologies Corp. | 139 | 13,464 |
Johnson Controls International plc | 8,857 | 323,900 |
Kaman Corp. | 321 | 17,803 |
Kennametal, Inc. | 1,102 | 30,636 |
L3Harris Technologies, Inc. | 1,897 | 375,094 |
Lennox International, Inc. | 190 | 43,345 |
Lincoln Electric Holdings, Inc. | 840 | 68,788 |
Lindsay Corp. | 180 | 17,825 |
Lockheed Martin Corp. | 1,812 | 670,204 |
Lydall, Inc. * | 475 | 5,657 |
Masco Corp. | 2,391 | 98,796 |
Masonite International Corp. * | 521 | 38,293 |
MasTec, Inc. * | 870 | 42,700 |
Meritor, Inc. * | 743 | 16,859 |
Moog, Inc., Class A | 513 | 39,563 |
MRC Global, Inc. * | 2,357 | 20,506 |
MSC Industrial Direct Co., Inc., Class A | 785 | 48,529 |
Mueller Industries, Inc. | 1,510 | 42,250 |
Mueller Water Products, Inc., Class A | 1,769 | 19,371 |
MYR Group, Inc. * | 549 | 14,005 |
National Presto Industries, Inc. | 87 | 6,836 |
Nordson Corp. | 384 | 55,795 |
Northrop Grumman Corp. | 1,608 | 528,775 |
NOW, Inc. * | 3,536 | 31,223 |
nVent Electric plc | 2,013 | 48,332 |
Oshkosh Corp. | 1,426 | 102,886 |
Owens Corning | 2,085 | 117,782 |
PACCAR, Inc. | 4,915 | 328,813 |
Parker-Hannifin Corp. | 1,488 | 274,938 |
Security | Number of Shares | Value ($) |
Patrick Industries, Inc. | 285 | 15,057 |
Pentair plc | 2,226 | 87,682 |
Primoris Services Corp. | 1,105 | 20,973 |
Proto Labs, Inc. * | 89 | 7,800 |
Quanex Building Products Corp. | 705 | 11,844 |
Quanta Services, Inc. | 3,408 | 129,947 |
Raven Industries, Inc. | 325 | 9,331 |
Raytheon Co. | 2,926 | 551,727 |
RBC Bearings, Inc. * | 96 | 16,434 |
Regal Beloit Corp. | 786 | 61,025 |
Resideo Technologies, Inc. * | 4,630 | 49,772 |
Rexnord Corp. | 1,047 | 30,531 |
Rockwell Automation, Inc. | 1,072 | 196,712 |
Roper Technologies, Inc. | 323 | 113,599 |
Rush Enterprises, Inc., Class A | 871 | 36,512 |
Sensata Technologies Holding plc * | 1,282 | 52,306 |
Simpson Manufacturing Co., Inc. | 378 | 30,025 |
SiteOne Landscape Supply, Inc. * | 175 | 17,369 |
Snap-on, Inc. | 688 | 99,588 |
Spirit AeroSystems Holdings, Inc., Class A | 1,319 | 69,696 |
SPX FLOW, Inc. * | 621 | 22,840 |
Standex International Corp. | 192 | 12,179 |
Stanley Black & Decker, Inc. | 1,574 | 226,184 |
Teledyne Technologies, Inc. * | 180 | 60,718 |
Tennant Co. | 203 | 14,523 |
Terex Corp. | 2,670 | 58,767 |
Textainer Group Holdings Ltd. * | 1,150 | 9,488 |
Textron, Inc. | 4,160 | 168,896 |
The Boeing Co. | 3,392 | 933,173 |
The Greenbrier Cos., Inc. | 1,397 | 33,849 |
The Manitowoc Co., Inc. * | 580 | 7,233 |
The Middleby Corp. * | 346 | 38,686 |
The Timken Co. | 1,254 | 56,229 |
The Toro Co. | 760 | 54,287 |
Titan International, Inc. | 2,463 | 5,468 |
Titan Machinery, Inc. * | 769 | 7,775 |
TransDigm Group, Inc. | 282 | 157,302 |
Trex Co., Inc. * | 191 | 18,269 |
TriMas Corp. * | 458 | 11,610 |
Trinity Industries, Inc. | 4,089 | 83,211 |
Triton International Ltd. | 643 | 22,100 |
Triumph Group, Inc. | 803 | 15,257 |
Tutor Perini Corp. * | 2,679 | 38,845 |
United Rentals, Inc. * | 1,594 | 211,173 |
United Technologies Corp. | 10,145 | 1,324,836 |
Univar Solutions, Inc. * | 2,125 | 36,104 |
Universal Forest Products, Inc. | 1,304 | 61,105 |
Valmont Industries, Inc. | 436 | 50,672 |
Vectrus, Inc. * | 260 | 13,543 |
Veritiv Corp. * | 1,308 | 15,748 |
W.W. Grainger, Inc. | 668 | 185,397 |
Wabash National Corp. | 2,008 | 22,048 |
WABCO Holdings, Inc. * | 480 | 64,848 |
Watsco, Inc. | 414 | 64,990 |
Watts Water Technologies, Inc., Class A | 245 | 23,008 |
Welbilt, Inc. * | 790 | 10,444 |
WESCO International, Inc. * | 1,876 | 76,109 |
Westinghouse Air Brake Technologies Corp. | 837 | 57,502 |
Woodward, Inc. | 399 | 41,177 |
Xylem, Inc. | 1,031 | 79,738 |
22,656,649 | ||
Commercial & Professional Services 1.0% | ||
ABM Industries, Inc. | 1,392 | 45,825 |
ACCO Brands Corp. | 2,478 | 19,849 |
Advanced Disposal Services, Inc. * | 686 | 22,679 |
ASGN, Inc. * | 571 | 28,955 |
Security | Number of Shares | Value ($) |
Brady Corp., Class A | 417 | 19,741 |
CBIZ, Inc. * | 538 | 14,010 |
Cimpress plc * | 107 | 12,456 |
Cintas Corp. | 491 | 130,969 |
Clean Harbors, Inc. * | 626 | 43,520 |
Copart, Inc. * | 581 | 49,083 |
CoStar Group, Inc. * | 40 | 26,704 |
Covanta Holding Corp. | 1,956 | 26,132 |
Deluxe Corp. | 1,079 | 35,931 |
Equifax, Inc. | 748 | 106,246 |
Exponent, Inc. | 199 | 14,656 |
FTI Consulting, Inc. * | 375 | 42,221 |
Harsco Corp. * | 887 | 10,635 |
Healthcare Services Group, Inc. | 997 | 27,457 |
Herman Miller, Inc. | 854 | 29,241 |
HNI Corp. | 921 | 30,236 |
Huron Consulting Group, Inc. * | 253 | 15,013 |
IAA, Inc. * | 1,117 | 47,718 |
ICF International, Inc. | 208 | 15,804 |
IHS Markit Ltd. | 1,382 | 98,454 |
InnerWorkings, Inc. * | 2,023 | 6,352 |
Insperity, Inc. | 135 | 9,081 |
Interface, Inc. | 1,221 | 17,814 |
KAR Auction Services, Inc. | 1,149 | 22,118 |
Kelly Services, Inc., Class A | 1,919 | 31,875 |
Kforce, Inc. | 448 | 13,646 |
Knoll, Inc. | 736 | 12,983 |
Korn Ferry | 596 | 20,848 |
ManpowerGroup, Inc. | 2,306 | 175,118 |
Matthews International Corp., Class A | 545 | 16,110 |
McGrath RentCorp | 254 | 17,640 |
Mobile Mini, Inc. | 466 | 18,169 |
MSA Safety, Inc. | 190 | 23,117 |
Nielsen Holdings plc | 8,544 | 155,586 |
Pitney Bowes, Inc. | 13,184 | 45,089 |
Quad/Graphics, Inc. | 2,870 | 13,776 |
R.R. Donnelley & Sons Co. | 10,005 | 19,010 |
Republic Services, Inc. | 1,936 | 174,743 |
Resources Connection, Inc. | 858 | 10,751 |
Robert Half International, Inc. | 1,996 | 100,618 |
Rollins, Inc. | 586 | 21,940 |
SP Plus Corp. * | 473 | 17,269 |
Steelcase, Inc., Class A | 2,093 | 33,949 |
Stericycle, Inc. * | 911 | 52,319 |
Team, Inc. * | 666 | 8,478 |
Tetra Tech, Inc. | 501 | 40,516 |
The Brink's Co. | 323 | 25,288 |
TransUnion | 494 | 43,927 |
TrueBlue, Inc. * | 1,291 | 19,210 |
UniFirst Corp. | 171 | 31,774 |
US Ecology, Inc. | 170 | 7,150 |
Verisk Analytics, Inc. | 486 | 75,384 |
Viad Corp. | 287 | 14,407 |
Waste Management, Inc. | 3,444 | 381,630 |
2,591,220 | ||
Consumer Durables & Apparel 1.7% | ||
Acushnet Holdings Corp. | 442 | 11,249 |
American Outdoor Brands Corp. * | 2,142 | 21,334 |
Beazer Homes USA, Inc. * | 1,002 | 12,285 |
Brunswick Corp. | 1,397 | 74,320 |
Callaway Golf Co. | 904 | 15,350 |
Capri Holdings Ltd. * | 4,418 | 114,073 |
Carter's, Inc. | 816 | 74,640 |
Cavco Industries, Inc. * | 69 | 13,919 |
Columbia Sportswear Co. | 248 | 20,162 |
Crocs, Inc. * | 434 | 11,358 |
Security | Number of Shares | Value ($) |
D.R. Horton, Inc. | 3,862 | 205,729 |
Deckers Outdoor Corp. * | 317 | 55,095 |
Ethan Allen Interiors, Inc. | 839 | 11,075 |
Fossil Group, Inc. * | 5,952 | 27,320 |
G-III Apparel Group Ltd. * | 1,132 | 25,312 |
Garmin Ltd. | 952 | 84,147 |
Hanesbrands, Inc. | 5,800 | 76,792 |
Hasbro, Inc. | 1,086 | 83,893 |
Helen of Troy Ltd. * | 266 | 43,784 |
iRobot Corp. * | 203 | 9,742 |
KB Home | 1,072 | 34,936 |
Kontoor Brands, Inc. * | 460 | 15,520 |
La-Z-Boy, Inc. | 1,036 | 29,681 |
Leggett & Platt, Inc. | 1,999 | 79,280 |
Lennar Corp., Class A | 2,456 | 148,195 |
Lululemon Athletica, Inc. * | 290 | 63,049 |
M.D.C Holdings, Inc. | 741 | 29,151 |
M/I Homes, Inc. * | 522 | 19,434 |
Mattel, Inc. * | 11,406 | 134,477 |
Meritage Homes Corp. * | 654 | 41,503 |
Mohawk Industries, Inc. * | 1,047 | 126,844 |
Movado Group, Inc. | 357 | 5,248 |
Newell Brands, Inc. | 8,986 | 138,654 |
NIKE, Inc., Class B | 8,953 | 800,219 |
NVR, Inc. * | 35 | 128,351 |
Oxford Industries, Inc. | 282 | 17,030 |
Polaris, Inc. | 1,080 | 89,132 |
PulteGroup, Inc. | 4,687 | 188,417 |
PVH Corp. | 1,471 | 109,016 |
Ralph Lauren Corp. | 1,166 | 123,025 |
Skechers U.S.A., Inc., Class A * | 1,503 | 49,719 |
Steven Madden Ltd. | 1,216 | 39,763 |
Sturm Ruger & Co., Inc. | 453 | 21,762 |
Tapestry, Inc. | 5,977 | 140,161 |
Taylor Morrison Home Corp., Class A * | 2,719 | 61,232 |
Tempur Sealy International, Inc. * | 399 | 29,825 |
Toll Brothers, Inc. | 1,830 | 67,765 |
TopBuild Corp. * | 367 | 37,067 |
TRI Pointe Group, Inc. * | 2,480 | 38,018 |
Tupperware Brands Corp. | 2,897 | 8,256 |
Under Armour, Inc., Class A * | 1,378 | 19,554 |
Under Armour, Inc., Class C * | 1,421 | 17,734 |
Unifi, Inc. * | 506 | 10,813 |
Universal Electronics, Inc. * | 271 | 11,442 |
VF Corp. | 3,102 | 223,344 |
Vista Outdoor, Inc. * | 4,317 | 31,730 |
Whirlpool Corp. | 1,836 | 234,751 |
Wolverine World Wide, Inc. | 1,185 | 31,154 |
4,386,831 | ||
Consumer Services 2.0% | ||
Adtalem Global Education, Inc. * | 962 | 29,697 |
American Public Education, Inc. * | 382 | 8,503 |
Aramark | 3,562 | 123,744 |
Arcos Dorados Holdings, Inc., Class A | 2,838 | 18,277 |
BJ's Restaurants, Inc. | 454 | 14,959 |
Bloomin' Brands, Inc. | 1,792 | 32,238 |
Boyd Gaming Corp. | 1,062 | 28,366 |
Bright Horizons Family Solutions, Inc. * | 232 | 36,459 |
Brinker International, Inc. | 1,197 | 41,117 |
Caesars Entertainment Corp. * | 1,460 | 18,557 |
Carnival Corp. | 6,647 | 222,409 |
Chipotle Mexican Grill, Inc. * | 150 | 116,037 |
Choice Hotels International, Inc. | 143 | 13,053 |
Churchill Downs, Inc. | 230 | 28,897 |
Cracker Barrel Old Country Store, Inc. | 255 | 36,549 |
Darden Restaurants, Inc. | 1,089 | 106,177 |
Security | Number of Shares | Value ($) |
Dave & Buster's Entertainment, Inc. | 392 | 12,940 |
Denny's Corp. * | 496 | 8,635 |
Dine Brands Global, Inc. | 200 | 16,370 |
Domino's Pizza, Inc. | 284 | 96,407 |
Dunkin' Brands Group, Inc. | 450 | 29,934 |
Eldorado Resorts, Inc. * | 211 | 10,588 |
Extended Stay America, Inc. | 3,040 | 33,379 |
frontdoor, Inc. * | 421 | 17,850 |
Graham Holdings Co., Class B | 65 | 32,687 |
Grand Canyon Education, Inc. * | 236 | 19,040 |
H&R Block, Inc. | 2,839 | 58,682 |
Hilton Grand Vacations, Inc. * | 739 | 19,702 |
Hilton Worldwide Holdings, Inc. | 1,138 | 110,614 |
Houghton Mifflin Harcourt Co. * | 3,366 | 18,412 |
Hyatt Hotels Corp., Class A | 573 | 43,892 |
International Game Technology plc | 3,209 | 34,144 |
Jack in the Box, Inc. | 524 | 36,083 |
K12, Inc. * | 718 | 14,274 |
Las Vegas Sands Corp. | 4,354 | 253,882 |
Laureate Education, Inc., Class A * | 1,154 | 21,580 |
Marriott International, Inc., Class A | 1,446 | 179,304 |
Marriott Vacations Worldwide Corp. | 341 | 33,002 |
McDonald's Corp. | 6,762 | 1,312,977 |
MGM Resorts International | 5,435 | 133,484 |
Norwegian Cruise Line Holdings Ltd. * | 1,756 | 65,429 |
Papa John's International, Inc. | 203 | 11,695 |
Penn National Gaming, Inc. * | 1,531 | 45,272 |
Perdoceo Education Corp. * | 593 | 8,853 |
Red Rock Resorts, Inc., Class A | 788 | 16,241 |
Regis Corp. * | 1,153 | 14,712 |
Royal Caribbean Cruises Ltd. | 1,596 | 128,334 |
Scientific Games Corp., Class A * | 703 | 12,823 |
SeaWorld Entertainment, Inc. * | 521 | 14,176 |
Service Corp. International | 1,187 | 56,727 |
ServiceMaster Global Holdings, Inc. * | 533 | 19,065 |
Six Flags Entertainment Corp. | 1,020 | 25,786 |
Starbucks Corp. | 7,071 | 554,578 |
Strategic Education, Inc. | 64 | 9,432 |
Texas Roadhouse, Inc. | 674 | 37,892 |
The Cheesecake Factory, Inc. | 1,034 | 36,841 |
The Wendy's Co. | 2,796 | 52,788 |
Vail Resorts, Inc. | 179 | 38,057 |
WW International, Inc. * | 378 | 11,340 |
Wyndham Destinations, Inc. | 1,493 | 59,571 |
Wyndham Hotels & Resorts, Inc. | 603 | 30,723 |
Wynn Resorts Ltd. | 971 | 104,849 |
Yum China Holdings, Inc. | 3,001 | 131,414 |
Yum! Brands, Inc. | 3,320 | 296,310 |
5,205,809 | ||
Diversified Financials 5.2% | ||
Affiliated Managers Group, Inc. | 785 | 59,048 |
AGNC Investment Corp. | 3,874 | 66,013 |
Ally Financial, Inc. | 12,919 | 323,879 |
American Express Co. | 7,814 | 858,993 |
Ameriprise Financial, Inc. | 2,426 | 342,794 |
Annaly Capital Management, Inc. | 13,914 | 123,278 |
Apollo Commercial Real Estate Finance, Inc. | 629 | 10,190 |
Artisan Partners Asset Management, Inc., Class A | 525 | 15,005 |
Berkshire Hathaway, Inc., Class B * | 16,104 | 3,322,899 |
BGC Partners, Inc., Class A | 2,426 | 11,305 |
BlackRock, Inc. | 896 | 414,857 |
Blackstone Mortgage Trust, Inc., Class A | 630 | 22,718 |
Cannae Holdings, Inc. * | 1,049 | 39,117 |
Capital One Financial Corp. | 10,574 | 933,261 |
Capstead Mortgage Corp. | 1,567 | 11,126 |
Security | Number of Shares | Value ($) |
Cboe Global Markets, Inc. | 398 | 45,372 |
Chimera Investment Corp. | 2,556 | 50,225 |
CME Group, Inc. | 1,076 | 213,930 |
Cohen & Steers, Inc. | 189 | 11,841 |
Credit Acceptance Corp. * | 60 | 24,192 |
Discover Financial Services | 6,669 | 437,353 |
Donnelley Financial Solutions, Inc. * | 938 | 8,161 |
E*TRADE Financial Corp. | 1,068 | 48,893 |
Eaton Vance Corp. | 1,162 | 47,944 |
Encore Capital Group, Inc. * | 242 | 8,993 |
Enova International, Inc. * | 503 | 9,668 |
Equitable Holdings, Inc. | 1,834 | 39,248 |
Evercore, Inc., Class A | 521 | 34,709 |
FactSet Research Systems, Inc. | 218 | 57,986 |
Federated Hermes, Inc., | 1,240 | 35,774 |
FGL Holdings | 1,191 | 13,625 |
FirstCash, Inc. | 267 | 20,538 |
Franklin Resources, Inc. | 8,165 | 177,670 |
Green Dot Corp., Class A * | 323 | 11,034 |
Greenhill & Co., Inc. | 756 | 11,053 |
Houlihan Lokey, Inc. | 222 | 11,371 |
Intercontinental Exchange, Inc. | 1,644 | 146,678 |
Invesco Ltd. | 9,867 | 142,085 |
Invesco Mortgage Capital, Inc. | 1,350 | 21,708 |
Janus Henderson Group plc | 2,371 | 50,265 |
Jefferies Financial Group, Inc. | 4,483 | 88,360 |
Ladder Capital Corp., Class A | 769 | 11,727 |
Lazard Ltd., Class A | 1,610 | 57,670 |
Legg Mason, Inc. | 2,619 | 130,479 |
LPL Financial Holdings, Inc. | 816 | 64,856 |
MarketAxess Holdings, Inc. | 62 | 20,108 |
MFA Financial, Inc. | 3,942 | 28,501 |
Moelis & Co., Class A | 347 | 11,090 |
Moody's Corp. | 775 | 186,023 |
Morgan Stanley | 12,514 | 563,505 |
Morningstar, Inc. | 96 | 14,102 |
MSCI, Inc. | 283 | 83,610 |
Nasdaq, Inc. | 621 | 63,684 |
Navient Corp. | 12,142 | 136,355 |
Nelnet, Inc., Class A | 296 | 15,718 |
New Residential Investment Corp. | 3,944 | 61,369 |
New York Mortgage Trust, Inc. | 2,171 | 12,375 |
Northern Trust Corp. | 1,390 | 121,986 |
OneMain Holdings, Inc. | 1,205 | 44,284 |
PennyMac Mortgage Investment Trust | 1,002 | 20,741 |
Piper Sandler Cos. | 142 | 9,951 |
PRA Group, Inc. * | 725 | 28,144 |
Raymond James Financial, Inc. | 817 | 68,326 |
Redwood Trust, Inc. | 941 | 16,072 |
S&P Global, Inc. | 970 | 257,933 |
Santander Consumer USA Holdings, Inc. | 2,597 | 63,367 |
SEI Investments Co. | 1,011 | 55,312 |
SLM Corp. | 3,858 | 40,007 |
Starwood Property Trust, Inc. | 2,356 | 52,256 |
State Street Corp. | 5,392 | 367,249 |
Stifel Financial Corp. | 378 | 20,578 |
Synchrony Financial | 12,848 | 373,877 |
T. Rowe Price Group, Inc. | 2,491 | 293,963 |
TD Ameritrade Holding Corp. | 1,381 | 58,320 |
The Bank of New York Mellon Corp. | 10,535 | 420,346 |
The Charles Schwab Corp. (a) | 3,911 | 159,373 |
The Goldman Sachs Group, Inc. | 5,938 | 1,192,172 |
Two Harbors Investment Corp. | 2,233 | 30,257 |
Voya Financial, Inc. | 2,958 | 155,709 |
Waddell & Reed Financial, Inc., Class A | 3,211 | 44,183 |
Security | Number of Shares | Value ($) |
WisdomTree Investments, Inc. | 1,902 | 7,722 |
World Acceptance Corp. * | 144 | 11,246 |
13,697,705 | ||
Energy 7.0% | ||
Antero Resources Corp. * | 16,468 | 26,349 |
Apache Corp. | 7,895 | 196,743 |
Apergy Corp. * | 880 | 16,368 |
Arch Coal, Inc., Class A | 328 | 16,515 |
Archrock, Inc. | 2,392 | 16,864 |
Baker Hughes Co. | 16,207 | 260,771 |
Cabot Oil & Gas Corp. | 2,650 | 36,914 |
Cheniere Energy, Inc. * | 163 | 8,360 |
Chesapeake Energy Corp. * | 12,752 | 3,507 |
Chevron Corp. | 34,726 | 3,241,325 |
Cimarex Energy Co. | 664 | 21,945 |
CNX Resources Corp. * | 4,250 | 22,568 |
Concho Resources, Inc. | 1,096 | 74,550 |
ConocoPhillips | 18,931 | 916,639 |
CONSOL Energy, Inc. * | 1,040 | 5,918 |
Continental Resources, Inc. | 709 | 13,436 |
Core Laboratories N.V. | 533 | 14,306 |
Cosan Ltd., A Shares * | 2,995 | 54,689 |
CVR Energy, Inc. | 424 | 12,050 |
Delek US Holdings, Inc. | 1,425 | 30,467 |
Denbury Resources, Inc. * | 7,256 | 5,459 |
Devon Energy Corp. | 5,202 | 84,480 |
Diamond Offshore Drilling, Inc. *(b) | 5,299 | 16,162 |
Diamondback Energy, Inc. | 221 | 13,702 |
Dril-Quip, Inc. * | 699 | 24,898 |
EOG Resources, Inc. | 4,541 | 287,264 |
EQT Corp. | 3,516 | 20,639 |
Equitrans Midstream Corp. | 1,916 | 13,527 |
Exterran Corp. * | 1,627 | 8,298 |
Exxon Mobil Corp. | 96,650 | 4,971,676 |
Frank's International N.V. * | 1,660 | 6,507 |
Green Plains, Inc. | 2,679 | 32,121 |
Halliburton Co. | 18,048 | 306,094 |
Helix Energy Solutions Group, Inc. * | 2,093 | 14,044 |
Helmerich & Payne, Inc. | 2,577 | 95,066 |
Hess Corp. | 4,374 | 245,731 |
HollyFrontier Corp. | 5,313 | 178,942 |
International Seaways, Inc. * | 494 | 9,826 |
Kinder Morgan, Inc. | 27,049 | 518,529 |
Kosmos Energy Ltd. | 1,562 | 4,764 |
Marathon Oil Corp. | 18,328 | 151,756 |
Marathon Petroleum Corp. | 16,219 | 769,105 |
Matrix Service Co. * | 780 | 9,422 |
Murphy Oil Corp. | 6,161 | 116,135 |
Nabors Industries Ltd. | 36,763 | 64,703 |
National Oilwell Varco, Inc. | 15,978 | 298,948 |
Newpark Resources, Inc. * | 1,859 | 6,525 |
Noble Corp. plc * | 57,137 | 40,064 |
Noble Energy, Inc. | 6,610 | 104,636 |
Oasis Petroleum, Inc. * | 9,861 | 16,123 |
Occidental Petroleum Corp. | 18,288 | 598,749 |
Oceaneering International, Inc. * | 5,508 | 58,054 |
Oil States International, Inc. * | 2,188 | 17,307 |
ONEOK, Inc. | 2,460 | 164,131 |
Par Pacific Holdings, Inc. * | 510 | 8,461 |
Parsley Energy, Inc., Class A | 823 | 11,028 |
Patterson-UTI Energy, Inc. | 6,386 | 36,592 |
PBF Energy, Inc., Class A | 4,967 | 111,211 |
PDC Energy, Inc. * | 683 | 12,997 |
Peabody Energy Corp. | 1,693 | 9,887 |
Phillips 66 | 13,430 | 1,005,370 |
Pioneer Natural Resources Co. | 997 | 122,412 |
Security | Number of Shares | Value ($) |
QEP Resources, Inc. | 11,119 | 25,018 |
Range Resources Corp. | 9,924 | 27,489 |
Renewable Energy Group, Inc. * | 1,346 | 35,602 |
REX American Resources Corp. * | 157 | 10,992 |
RPC, Inc. | 2,205 | 7,585 |
SandRidge Energy, Inc. * | 2,090 | 4,305 |
Schlumberger Ltd. | 28,046 | 759,766 |
Scorpio Tankers, Inc. | 600 | 11,868 |
SEACOR Holdings, Inc. * | 270 | 10,071 |
SFL Corp., Ltd. | 1,215 | 14,750 |
SM Energy Co. | 4,624 | 30,380 |
Targa Resources Corp. | 3,383 | 109,609 |
The Williams Cos., Inc. | 11,394 | 217,056 |
Tidewater, Inc. * | 705 | 9,792 |
Transocean Ltd. * | 25,660 | 85,961 |
Unit Corp. * | 5,922 | 2,074 |
US Silica Holdings, Inc. | 2,173 | 9,974 |
Valaris plc *(b) | 16,897 | 62,350 |
Valero Energy Corp. | 17,697 | 1,172,426 |
Whiting Petroleum Corp. * | 3,362 | 6,220 |
World Fuel Services Corp. | 7,681 | 217,219 |
WPX Energy, Inc. * | 3,556 | 33,177 |
18,445,313 | ||
Food & Staples Retailing 2.9% | ||
BJ's Wholesale Club Holdings, Inc. * | 714 | 13,752 |
Casey's General Stores, Inc. | 612 | 99,768 |
Costco Wholesale Corp. | 5,034 | 1,415,259 |
Ingles Markets, Inc., Class A | 765 | 27,364 |
Performance Food Group Co. * | 2,057 | 87,217 |
PriceSmart, Inc. | 523 | 29,126 |
Rite Aid Corp. *(b) | 11,605 | 158,060 |
SpartanNash Co. | 4,434 | 55,115 |
Sprouts Farmers Market, Inc. * | 2,264 | 36,179 |
Sysco Corp. | 5,346 | 356,311 |
The Andersons, Inc. | 1,215 | 22,320 |
The Kroger Co. | 32,288 | 908,261 |
US Foods Holding Corp. * | 4,680 | 157,435 |
Walgreens Boots Alliance, Inc. | 21,166 | 968,556 |
Walmart, Inc. | 30,643 | 3,299,638 |
Weis Markets, Inc. | 441 | 16,427 |
7,650,788 | ||
Food, Beverage & Tobacco 4.3% | ||
Adecoagro S.A. * | 2,238 | 14,637 |
Altria Group, Inc. | 23,412 | 945,142 |
Archer-Daniels-Midland Co. | 24,006 | 903,826 |
B&G Foods, Inc. (b) | 1,316 | 19,477 |
Brown-Forman Corp., Class B | 1,292 | 79,342 |
Bunge Ltd. | 8,760 | 411,282 |
Cal-Maine Foods, Inc. | 614 | 21,422 |
Calavo Growers, Inc. | 144 | 10,433 |
Campbell Soup Co. | 2,256 | 101,791 |
Coca-Cola Consolidated, Inc. | 32 | 6,284 |
Coca-Cola European Partners plc | 1,638 | 83,472 |
Conagra Brands, Inc. | 6,913 | 184,508 |
Constellation Brands, Inc., Class A | 977 | 168,415 |
Darling Ingredients, Inc. * | 2,404 | 61,783 |
Flowers Foods, Inc. | 2,631 | 56,645 |
Fresh Del Monte Produce, Inc. | 1,615 | 44,283 |
General Mills, Inc. | 8,355 | 409,395 |
Hormel Foods Corp. | 2,751 | 114,442 |
Ingredion, Inc. | 1,523 | 126,866 |
J&J Snack Foods Corp. | 128 | 20,585 |
John B Sanfilippo & Son, Inc. | 153 | 10,739 |
Kellogg Co. | 3,035 | 183,526 |
Security | Number of Shares | Value ($) |
Keurig Dr Pepper, Inc. | 942 | 26,263 |
Lamb Weston Holdings, Inc. | 472 | 41,012 |
Lancaster Colony Corp. | 168 | 24,268 |
McCormick & Co., Inc. Non-Voting Shares | 544 | 79,527 |
Molson Coors Beverage Co., Class B | 2,568 | 127,399 |
Mondelez International, Inc., Class A | 16,848 | 889,574 |
Monster Beverage Corp. * | 1,589 | 99,170 |
Nomad Foods Ltd. * | 1,666 | 30,754 |
PepsiCo, Inc. | 11,951 | 1,577,891 |
Philip Morris International, Inc. | 18,330 | 1,500,677 |
Pilgrim's Pride Corp. * | 1,176 | 24,884 |
Post Holdings, Inc. * | 394 | 39,896 |
Pyxus International, Inc. * | 850 | 3,273 |
Sanderson Farms, Inc. | 465 | 57,455 |
The Boston Beer Co., Inc., Class A * | 62 | 22,989 |
The Coca-Cola Co. | 29,069 | 1,554,901 |
The Hain Celestial Group, Inc. * | 1,386 | 32,890 |
The Hershey Co. | 945 | 136,071 |
The J.M. Smucker Co. | 1,721 | 177,246 |
The Kraft Heinz Co. | 11,548 | 286,044 |
TreeHouse Foods, Inc. * | 804 | 30,640 |
Tyson Foods, Inc., Class A | 5,199 | 352,648 |
Universal Corp. | 894 | 44,119 |
Vector Group Ltd. | 1,965 | 22,833 |
11,160,719 | ||
Health Care Equipment & Services 5.7% | ||
Abbott Laboratories | 8,062 | 621,016 |
ABIOMED, Inc. * | 42 | 6,311 |
Acadia Healthcare Co., Inc. * | 1,014 | 30,014 |
Align Technology, Inc. * | 135 | 29,477 |
Allscripts Healthcare Solutions, Inc. * | 1,716 | 12,939 |
Amedisys, Inc. * | 122 | 21,229 |
AmerisourceBergen Corp. | 2,610 | 220,075 |
AMN Healthcare Services, Inc. * | 383 | 28,189 |
Anthem, Inc. | 3,975 | 1,021,933 |
Avanos Medical, Inc. * | 365 | 11,830 |
Baxter International, Inc. | 2,453 | 204,752 |
Becton Dickinson & Co. | 924 | 219,746 |
Boston Scientific Corp. * | 2,882 | 107,758 |
Brookdale Senior Living, Inc. * | 5,823 | 38,257 |
Cantel Medical Corp. | 170 | 10,727 |
Cardinal Health, Inc. | 11,605 | 604,853 |
Centene Corp. * | 5,269 | 279,362 |
Cerner Corp. | 2,154 | 149,208 |
Chemed Corp. | 103 | 43,015 |
Cigna Corp. | 2,122 | 388,199 |
Community Health Systems, Inc. * | 14,942 | 73,664 |
CONMED Corp. | 152 | 14,385 |
Covetrus, Inc. * | 1,660 | 18,443 |
CVS Health Corp. | 37,848 | 2,239,845 |
Danaher Corp. | 2,383 | 344,534 |
DaVita, Inc. * | 3,068 | 238,138 |
DENTSPLY SIRONA, Inc. | 1,715 | 84,447 |
Edwards Lifesciences Corp. * | 390 | 79,888 |
Encompass Health Corp. | 876 | 65,560 |
Globus Medical, Inc., Class A * | 283 | 12,800 |
Haemonetics Corp. * | 161 | 17,441 |
HCA Healthcare, Inc. | 3,594 | 456,474 |
Henry Schein, Inc. * | 2,117 | 129,010 |
Hill-Rom Holdings, Inc. | 371 | 35,634 |
HMS Holdings Corp. * | 414 | 9,510 |
Hologic, Inc. * | 1,255 | 59,136 |
Humana, Inc. | 2,254 | 720,559 |
ICU Medical, Inc. * | 51 | 9,986 |
IDEXX Laboratories, Inc. * | 104 | 26,469 |
Integer Holdings Corp. * | 162 | 14,607 |
Security | Number of Shares | Value ($) |
Integra LifeSciences Holdings Corp. * | 199 | 10,368 |
Intuitive Surgical, Inc. * | 284 | 151,645 |
Invacare Corp. | 1,379 | 10,453 |
Laboratory Corp. of America Holdings * | 893 | 156,891 |
LHC Group, Inc. * | 115 | 13,968 |
LivaNova plc * | 166 | 11,573 |
Magellan Health, Inc. * | 866 | 51,969 |
Masimo Corp. * | 157 | 25,643 |
McKesson Corp. | 6,311 | 882,656 |
MEDNAX, Inc. * | 2,723 | 46,536 |
Medtronic plc | 10,443 | 1,051,297 |
Merit Medical Systems, Inc. * | 260 | 9,363 |
Molina Healthcare, Inc. * | 486 | 59,559 |
Neogen Corp. * | 147 | 8,930 |
NextGen Healthcare, Inc. * | 545 | 7,129 |
NuVasive, Inc. * | 275 | 18,098 |
Orthofix Medical, Inc. * | 169 | 5,972 |
Patterson Cos., Inc. | 3,351 | 79,720 |
Premier, Inc., Class A * | 353 | 10,389 |
Quest Diagnostics, Inc. | 2,183 | 231,529 |
ResMed, Inc. | 560 | 89,018 |
Select Medical Holdings Corp. * | 1,934 | 46,300 |
STERIS plc | 416 | 65,986 |
Stryker Corp. | 1,377 | 262,442 |
Teleflex, Inc. | 142 | 47,573 |
Tenet Healthcare Corp. * | 3,358 | 88,248 |
The Cooper Cos., Inc. | 184 | 59,721 |
The Ensign Group, Inc. | 316 | 14,062 |
The Pennant Group, Inc. * | 158 | 4,293 |
The Providence Service Corp. * | 237 | 14,642 |
Tivity Health, Inc. * | 953 | 12,074 |
Triple-S Management Corp., Class B * | 1,167 | 17,493 |
UnitedHealth Group, Inc. | 8,362 | 2,131,975 |
Universal Health Services, Inc., Class B | 1,260 | 155,912 |
Varex Imaging Corp. * | 479 | 11,122 |
Varian Medical Systems, Inc. * | 661 | 81,283 |
Veeva Systems, Inc., Class A * | 69 | 9,796 |
West Pharmaceutical Services, Inc. | 299 | 45,017 |
Zimmer Biomet Holdings, Inc. | 1,265 | 172,230 |
14,872,295 | ||
Household & Personal Products 1.5% | ||
Central Garden & Pet Co., Class A * | 661 | 16,730 |
Church & Dwight Co., Inc. | 1,650 | 114,708 |
Colgate-Palmolive Co. | 6,471 | 437,246 |
Coty, Inc., Class A | 5,048 | 46,593 |
Edgewell Personal Care Co. * | 1,138 | 34,550 |
Energizer Holdings, Inc. | 404 | 17,368 |
Herbalife Nutrition Ltd. * | 1,261 | 40,806 |
Kimberly-Clark Corp. | 2,775 | 364,052 |
Nu Skin Enterprises, Inc., Class A | 1,334 | 32,710 |
Spectrum Brands Holdings, Inc. | 587 | 31,633 |
The Clorox Co. | 819 | 130,565 |
The Estee Lauder Cos., Inc., Class A | 969 | 177,908 |
The Procter & Gamble Co. | 22,419 | 2,538,503 |
USANA Health Sciences, Inc. * | 177 | 11,700 |
WD-40 Co. | 65 | 11,212 |
4,006,284 | ||
Insurance 3.5% | ||
Aflac, Inc. | 9,837 | 421,515 |
Alleghany Corp. * | 137 | 92,098 |
Ambac Financial Group, Inc. * | 1,046 | 20,104 |
American Equity Investment Life Holding Co. | 1,700 | 42,976 |
American Financial Group, Inc. | 772 | 71,348 |
American International Group, Inc. | 30,815 | 1,299,160 |
Security | Number of Shares | Value ($) |
American National Insurance Co. | 95 | 9,344 |
AMERISAFE, Inc. | 180 | 11,731 |
Aon plc | 1,994 | 414,752 |
Arch Capital Group Ltd. * | 2,052 | 82,962 |
Argo Group International Holdings Ltd. | 363 | 20,422 |
Arthur J. Gallagher & Co. | 1,092 | 106,459 |
Assurant, Inc. | 903 | 108,893 |
Assured Guaranty Ltd. | 2,722 | 111,085 |
Athene Holding Ltd., Class A * | 1,321 | 54,491 |
Axis Capital Holdings Ltd. | 1,448 | 81,262 |
Brighthouse Financial, Inc. * | 1,043 | 37,381 |
Brown & Brown, Inc. | 1,418 | 60,988 |
Chubb Ltd. | 3,518 | 510,216 |
Cincinnati Financial Corp. | 1,141 | 106,387 |
CNA Financial Corp. | 401 | 16,674 |
CNO Financial Group, Inc. | 5,006 | 80,196 |
Employers Holdings, Inc. | 257 | 9,905 |
Enstar Group Ltd. * | 68 | 12,131 |
Everest Re Group Ltd. | 655 | 162,361 |
Fidelity National Financial, Inc. | 2,851 | 110,505 |
First American Financial Corp. | 1,324 | 75,600 |
Genworth Financial, Inc., Class A * | 20,642 | 80,504 |
Globe Life, Inc. | 1,023 | 94,791 |
Horace Mann Educators Corp. | 374 | 14,560 |
James River Group Holdings Ltd. | 421 | 17,013 |
Kemper Corp. | 395 | 27,192 |
Lincoln National Corp. | 3,437 | 156,005 |
Loews Corp. | 4,880 | 222,674 |
Markel Corp. * | 72 | 85,075 |
Marsh & McLennan Cos., Inc. | 3,767 | 393,878 |
MBIA, Inc. * | 3,918 | 30,560 |
Mercury General Corp. | 421 | 18,233 |
MetLife, Inc. | 12,199 | 521,141 |
National General Holdings Corp. | 622 | 12,110 |
Old Republic International Corp. | 3,894 | 76,790 |
Primerica, Inc. | 400 | 44,536 |
Principal Financial Group, Inc. | 3,489 | 154,877 |
ProAssurance Corp. | 1,151 | 31,250 |
Prudential Financial, Inc. | 6,232 | 470,204 |
Reinsurance Group of America, Inc. | 774 | 94,451 |
RenaissanceRe Holdings Ltd. | 431 | 73,442 |
RLI Corp. | 270 | 21,703 |
Safety Insurance Group, Inc. | 158 | 12,441 |
Selective Insurance Group, Inc. | 397 | 22,145 |
Stewart Information Services Corp. | 614 | 22,215 |
The Allstate Corp. | 5,556 | 584,769 |
The Hanover Insurance Group, Inc. | 443 | 52,513 |
The Hartford Financial Services Group, Inc. | 4,927 | 246,104 |
The Progressive Corp. | 3,992 | 292,055 |
The Travelers Cos., Inc. | 6,849 | 820,579 |
United Fire Group, Inc. | 221 | 8,473 |
Universal Insurance Holdings, Inc. | 475 | 9,828 |
Unum Group | 4,005 | 93,357 |
W.R. Berkley Corp. | 1,429 | 95,943 |
White Mountains Insurance Group Ltd. | 70 | 69,307 |
Willis Towers Watson plc | 629 | 119,038 |
9,220,702 | ||
Materials 3.4% | ||
AdvanSix, Inc. * | 723 | 10,505 |
Air Products & Chemicals, Inc. | 1,261 | 276,928 |
AK Steel Holding Corp. * | 8,686 | 20,065 |
Albemarle Corp. | 1,345 | 110,088 |
Alcoa Corp. * | 6,614 | 91,736 |
Allegheny Technologies, Inc. * | 1,339 | 22,884 |
AptarGroup, Inc. | 487 | 49,221 |
Ashland Global Holdings, Inc. | 875 | 62,598 |
Security | Number of Shares | Value ($) |
Avery Dennison Corp. | 852 | 97,545 |
Axalta Coating Systems Ltd. * | 1,692 | 42,165 |
Balchem Corp. | 150 | 14,169 |
Ball Corp. | 1,680 | 118,373 |
Berry Global Group, Inc. * | 1,245 | 47,260 |
Boise Cascade Co. | 1,373 | 48,714 |
Cabot Corp. | 1,166 | 43,585 |
Carpenter Technology Corp. | 824 | 30,282 |
Celanese Corp. | 1,318 | 123,549 |
Century Aluminum Co. * | 1,777 | 10,307 |
CF Industries Holdings, Inc. | 3,332 | 122,818 |
Clearwater Paper Corp. * | 1,362 | 37,142 |
Cleveland-Cliffs, Inc. (b) | 4,087 | 23,745 |
Commercial Metals Co. | 4,385 | 80,070 |
Compass Minerals International, Inc. | 610 | 33,276 |
Constellium SE * | 1,193 | 14,793 |
Corteva, Inc. * | 10,478 | 285,002 |
Crown Holdings, Inc. * | 1,089 | 76,774 |
Domtar Corp. | 2,296 | 66,056 |
Dow, Inc. | 10,519 | 425,073 |
DuPont de Nemours, Inc. | 10,282 | 441,098 |
Eagle Materials, Inc. | 412 | 32,519 |
Eastman Chemical Co. | 3,002 | 184,653 |
Ecolab, Inc. | 1,600 | 288,720 |
Element Solutions, Inc. * | 2,765 | 28,728 |
Ferro Corp. * | 836 | 9,714 |
FMC Corp. | 639 | 59,491 |
Freeport-McMoRan, Inc. | 23,006 | 229,140 |
GCP Applied Technologies, Inc. * | 618 | 12,032 |
Graphic Packaging Holding Co. | 5,280 | 71,386 |
Greif, Inc., Class A | 710 | 25,091 |
H.B. Fuller Co. | 630 | 24,715 |
Hecla Mining Co. | 7,227 | 19,079 |
Huntsman Corp. | 4,604 | 87,200 |
Ingevity Corp. * | 181 | 8,152 |
Innospec, Inc. | 262 | 22,673 |
International Flavors & Fragrances, Inc. (b) | 628 | 75,222 |
International Paper Co. | 7,661 | 283,151 |
Kaiser Aluminum Corp. | 283 | 26,758 |
Kraton Corp. * | 544 | 5,505 |
Linde plc | 3,005 | 573,985 |
Louisiana-Pacific Corp. | 1,670 | 47,512 |
LyondellBasell Industries N.V., Class A | 10,490 | 749,615 |
Martin Marietta Materials, Inc. | 445 | 101,251 |
Materion Corp. | 319 | 14,463 |
Mercer International, Inc. | 714 | 6,326 |
Minerals Technologies, Inc. | 543 | 24,364 |
Myers Industries, Inc. | 556 | 7,545 |
Neenah, Inc. | 254 | 14,674 |
NewMarket Corp. | 88 | 34,196 |
Newmont Corp. | 4,925 | 219,803 |
Nexa Resources S.A. | 1,366 | 10,026 |
Nucor Corp. | 6,674 | 275,970 |
O-I Glass, Inc. | 5,351 | 57,791 |
Olin Corp. | 3,155 | 51,079 |
Packaging Corp. of America | 1,176 | 106,569 |
PolyOne Corp. | 1,648 | 40,804 |
PPG Industries, Inc. | 3,065 | 320,139 |
Quaker Chemical Corp. | 89 | 14,024 |
Rayonier Advanced Materials, Inc. | 3,042 | 7,453 |
Reliance Steel & Aluminum Co. | 1,763 | 180,337 |
Resolute Forest Products, Inc. * | 5,005 | 13,313 |
Royal Gold, Inc. | 190 | 18,329 |
RPM International, Inc. | 1,216 | 77,958 |
Schnitzer Steel Industries, Inc., Class A | 1,140 | 18,787 |
Schweitzer-Mauduit International, Inc. | 590 | 19,895 |
Sealed Air Corp. | 2,816 | 85,353 |
Sensient Technologies Corp. | 615 | 30,246 |
Security | Number of Shares | Value ($) |
Silgan Holdings, Inc. | 1,366 | 39,109 |
Sonoco Products Co. | 1,413 | 68,121 |
Southern Copper Corp. | 866 | 29,141 |
Steel Dynamics, Inc. | 4,144 | 110,355 |
Stepan Co. | 291 | 25,559 |
Summit Materials, Inc., Class A * | 1,163 | 22,725 |
SunCoke Energy, Inc. | 2,220 | 10,234 |
The Chemours Co. | 2,520 | 37,447 |
The Mosaic Co. | 12,354 | 210,389 |
The Scotts Miracle-Gro Co. | 450 | 47,696 |
The Sherwin-Williams Co. | 418 | 216,001 |
Trinseo S.A. | 1,205 | 26,365 |
Tronox Holdings plc, Class A * | 2,176 | 15,972 |
United States Steel Corp. (b) | 6,363 | 51,031 |
US Concrete, Inc. * | 230 | 6,173 |
Valvoline, Inc. | 1,098 | 21,411 |
Verso Corp., Class A * | 1,389 | 22,655 |
Vulcan Materials Co. | 673 | 80,935 |
W.R. Grace & Co. | 600 | 33,936 |
Warrior Met Coal, Inc. | 1,429 | 25,322 |
Westlake Chemical Corp. | 504 | 28,158 |
Westrock Co. | 6,290 | 209,142 |
Worthington Industries, Inc. | 1,006 | 31,991 |
8,811,425 | ||
Media & Entertainment 4.4% | ||
Activision Blizzard, Inc. | 6,094 | 354,244 |
Alphabet, Inc., Class A * | 1,044 | 1,398,177 |
Alphabet, Inc., Class C * | 1,058 | 1,417,011 |
Altice USA, Inc., Class A * | 3,990 | 103,181 |
AMC Entertainment Holdings, Inc., Class A (b) | 2,153 | 13,478 |
AMC Networks, Inc., Class A * | 825 | 25,575 |
Cable One, Inc. | 17 | 26,741 |
Cars.com, Inc. * | 1,529 | 13,883 |
Charter Communications, Inc., Class A * | 1,109 | 546,926 |
Cinemark Holdings, Inc. | 1,549 | 40,212 |
Comcast Corp., Class A | 49,928 | 2,018,589 |
Discovery, Inc., Class A * | 1,762 | 45,283 |
Discovery, Inc., Class C * | 3,955 | 99,271 |
DISH Network Corp., Class A * | 3,053 | 102,337 |
Electronic Arts, Inc. * | 1,497 | 151,751 |
Facebook, Inc., Class A * | 4,434 | 853,412 |
Fox Corp., Class A | 3,888 | 119,517 |
Fox Corp., Class B | 1,772 | 53,957 |
Gannett Co., Inc. | 5,666 | 23,797 |
Gray Television, Inc. * | 721 | 13,641 |
IAC/InterActiveCorp * | 251 | 51,189 |
John Wiley & Sons, Inc., Class A | 701 | 26,070 |
Liberty Global plc, Class A * | 4,524 | 88,309 |
Liberty Global plc, Class C * | 11,777 | 218,934 |
Liberty Latin America Ltd., Class A * | 623 | 9,439 |
Liberty Latin America Ltd., Class C * | 1,617 | 24,562 |
Liberty Media Corp. - Liberty Formula One, Class C * | 683 | 26,678 |
Liberty Media Corp. - Liberty SiriusXM, Class A * | 1,836 | 82,014 |
Liberty Media Corp. - Liberty SiriusXM, Class C * | 3,604 | 160,811 |
Liberty TripAdvisor Holdings, Inc., Class A * | 1,231 | 5,361 |
Lions Gate Entertainment Corp., Class A * | 539 | 4,285 |
Lions Gate Entertainment Corp., Class B * | 784 | 5,802 |
Live Nation Entertainment, Inc. * | 546 | 33,180 |
Meredith Corp. | 654 | 17,233 |
MSG Networks, Inc., Class A * | 556 | 7,028 |
National CineMedia, Inc. | 2,312 | 17,779 |
Netflix, Inc. * | 161 | 59,414 |
News Corp., Class A | 7,534 | 90,973 |
Security | Number of Shares | Value ($) |
News Corp., Class B | 2,326 | 28,935 |
Nexstar Media Group, Inc., Class A | 278 | 31,965 |
Omnicom Group, Inc. | 2,576 | 178,465 |
Scholastic Corp. | 708 | 22,720 |
Sinclair Broadcast Group, Inc., Class A | 911 | 21,144 |
Sirius XM Holdings, Inc. | 5,937 | 37,641 |
Take-Two Interactive Software, Inc. * | 330 | 35,468 |
TEGNA, Inc. | 3,433 | 49,161 |
The Interpublic Group of Cos., Inc. | 4,531 | 96,782 |
The Madison Square Garden Co., Class A * | 87 | 23,300 |
The New York Times Co., Class A | 646 | 24,199 |
The Walt Disney Co. | 16,861 | 1,983,697 |
TripAdvisor, Inc. | 808 | 18,948 |
Twitter, Inc. * | 702 | 23,306 |
ViacomCBS, Inc., Class B | 18,241 | 448,911 |
Yandex N.V., Class A * | 919 | 37,321 |
Yelp, Inc. * | 366 | 11,445 |
Zynga, Inc., Class A * | 3,262 | 21,888 |
11,445,340 | ||
Pharmaceuticals, Biotechnology & Life Sciences 6.0% | ||
AbbVie, Inc. | 13,566 | 1,162,742 |
Agilent Technologies, Inc. | 1,662 | 128,090 |
Alexion Pharmaceuticals, Inc. * | 809 | 76,070 |
Alkermes plc * | 409 | 8,524 |
Allergan plc | 2,356 | 449,218 |
Amgen, Inc. | 5,634 | 1,125,279 |
Bio-Rad Laboratories, Inc., Class A * | 102 | 35,906 |
Bio-Techne Corp. | 103 | 19,456 |
Biogen, Inc. * | 1,487 | 458,576 |
BioMarin Pharmaceutical, Inc. * | 142 | 12,832 |
Bristol-Myers Squibb Co. | 18,231 | 1,076,723 |
Bruker Corp. | 503 | 21,911 |
Catalent, Inc. * | 588 | 30,300 |
Charles River Laboratories International, Inc. * | 243 | 37,803 |
Eli Lilly & Co. | 4,612 | 581,712 |
Emergent BioSolutions, Inc. * | 241 | 14,142 |
Gilead Sciences, Inc. | 22,546 | 1,563,791 |
ICON plc * | 326 | 50,876 |
Illumina, Inc. * | 214 | 56,853 |
Incyte Corp. * | 105 | 7,918 |
IQVIA Holdings, Inc. * | 966 | 134,747 |
Jazz Pharmaceuticals plc * | 370 | 42,395 |
Johnson & Johnson | 22,496 | 3,025,262 |
Mallinckrodt plc *(b) | 15,582 | 66,691 |
Merck & Co., Inc. | 23,099 | 1,768,459 |
Mettler-Toledo International, Inc. * | 116 | 81,397 |
Mylan N.V. * | 9,070 | 155,913 |
Myriad Genetics, Inc. * | 1,193 | 21,021 |
PDL BioPharma, Inc. * | 7,793 | 26,496 |
PerkinElmer, Inc. | 561 | 48,493 |
Perrigo Co., plc | 1,409 | 71,422 |
Pfizer, Inc. | 70,637 | 2,360,688 |
PRA Health Sciences, Inc. * | 177 | 16,673 |
Prestige Consumer Healthcare, Inc. * | 529 | 19,763 |
Regeneron Pharmaceuticals, Inc. * | 280 | 124,480 |
Syneos Health, Inc. * | 286 | 18,118 |
Taro Pharmaceutical Industries Ltd. * | 157 | 10,571 |
Thermo Fisher Scientific, Inc. | 1,442 | 419,334 |
United Therapeutics Corp. * | 936 | 96,371 |
Vertex Pharmaceuticals, Inc. * | 76 | 17,026 |
Waters Corp. * | 372 | 72,499 |
Zoetis, Inc. | 1,159 | 154,414 |
15,670,955 | ||
Security | Number of Shares | Value ($) |
Real Estate 2.5% | ||
Acadia Realty Trust | 426 | 9,730 |
Alexander & Baldwin, Inc. | 992 | 18,650 |
Alexandria Real Estate Equities, Inc. | 370 | 56,196 |
Altisource Portfolio Solutions S.A. * | 636 | 10,106 |
American Assets Trust, Inc. | 260 | 10,777 |
American Campus Communities, Inc. | 984 | 42,745 |
American Homes 4 Rent, Class A | 884 | 22,887 |
American Tower Corp. | 1,119 | 253,789 |
Apartment Investment & Management Co., Class A | 980 | 46,883 |
Apple Hospitality REIT, Inc. | 3,009 | 39,328 |
AvalonBay Communities, Inc. | 623 | 124,968 |
Boston Properties, Inc. | 1,145 | 147,636 |
Brandywine Realty Trust | 2,015 | 27,364 |
Brixmor Property Group, Inc. | 3,498 | 63,699 |
Brookfield Property REIT, Inc., Class A | 1,261 | 20,567 |
Camden Property Trust | 533 | 56,487 |
CBRE Group, Inc., Class A * | 2,403 | 134,904 |
Chatham Lodging Trust | 571 | 7,960 |
Colony Capital, Inc. | 8,690 | 34,412 |
Columbia Property Trust, Inc. | 1,555 | 29,327 |
CoreCivic, Inc. | 4,118 | 60,988 |
CorePoint Lodging, Inc. | 1,692 | 13,468 |
CoreSite Realty Corp. | 112 | 11,618 |
Corporate Office Properties Trust | 975 | 24,706 |
Cousins Properties, Inc. | 753 | 26,875 |
Crown Castle International Corp. | 1,665 | 238,578 |
CubeSmart | 878 | 26,577 |
CyrusOne, Inc. | 349 | 21,142 |
DiamondRock Hospitality Co. | 3,197 | 29,157 |
Digital Realty Trust, Inc. | 967 | 116,146 |
Diversified Healthcare Trust | 7,019 | 44,149 |
Douglas Emmett, Inc. | 811 | 30,964 |
Duke Realty Corp. | 1,846 | 59,940 |
EastGroup Properties, Inc. | 128 | 16,093 |
Empire State Realty Trust, Inc., Class A | 1,298 | 15,187 |
EPR Properties | 379 | 22,452 |
Equinix, Inc. | 268 | 153,510 |
Equity Commonwealth | 671 | 21,110 |
Equity LifeStyle Properties, Inc. | 575 | 39,290 |
Equity Residential | 2,103 | 157,935 |
Essex Property Trust, Inc. | 249 | 70,557 |
Extra Space Storage, Inc. | 440 | 44,158 |
Federal Realty Investment Trust | 365 | 42,464 |
First Industrial Realty Trust, Inc. | 529 | 20,366 |
Franklin Street Properties Corp. | 2,095 | 14,937 |
Front Yard Residential Corp. | 818 | 10,372 |
Gaming & Leisure Properties, Inc. | 1,009 | 45,072 |
Global Net Lease, Inc. | 500 | 9,225 |
Healthcare Realty Trust, Inc. | 787 | 26,994 |
Healthcare Trust of America, Inc., Class A | 1,036 | 32,261 |
Healthpeak Properties, Inc. | 3,626 | 114,727 |
Hersha Hospitality Trust | 930 | 10,723 |
Highwoods Properties, Inc. | 885 | 39,719 |
Host Hotels & Resorts, Inc. | 11,260 | 163,045 |
Hudson Pacific Properties, Inc. | 705 | 22,757 |
Investors Real Estate Trust | 158 | 11,131 |
Invitation Homes, Inc. | 719 | 20,628 |
Iron Mountain, Inc. | 3,692 | 112,274 |
iStar, Inc. | 1,306 | 19,760 |
JBG SMITH Properties | 357 | 13,095 |
Jones Lang LaSalle, Inc. | 629 | 92,947 |
Kennedy-Wilson Holdings, Inc. | 749 | 15,137 |
Kilroy Realty Corp. | 441 | 32,056 |
Kimco Realty Corp. | 3,478 | 60,343 |
Kite Realty Group Trust | 1,094 | 17,668 |
Security | Number of Shares | Value ($) |
Lamar Advertising Co., Class A | 679 | 56,859 |
Lexington Realty Trust | 2,412 | 25,012 |
Life Storage, Inc. | 255 | 27,517 |
LTC Properties, Inc. | 195 | 8,742 |
Mack-Cali Realty Corp. | 1,144 | 21,713 |
Medical Properties Trust, Inc. | 1,630 | 34,442 |
Mid-America Apartment Communities, Inc. | 560 | 72,386 |
National Health Investors, Inc. | 167 | 13,649 |
National Retail Properties, Inc. | 595 | 30,256 |
Newmark Group, Inc., Class A | 952 | 9,092 |
Office Properties Income Trust | 601 | 17,507 |
Omega Healthcare Investors, Inc. | 1,196 | 47,362 |
Outfront Media, Inc. | 2,298 | 60,529 |
Paramount Group, Inc. | 1,786 | 21,700 |
Park Hotels & Resorts, Inc. | 3,303 | 60,313 |
Pebblebrook Hotel Trust | 878 | 17,744 |
Physicians Realty Trust | 586 | 11,052 |
Piedmont Office Realty Trust, Inc., Class A | 1,864 | 40,244 |
PotlatchDeltic Corp. | 362 | 13,300 |
Prologis, Inc. | 2,513 | 211,796 |
PS Business Parks, Inc. | 94 | 13,964 |
Public Storage | 596 | 124,636 |
QTS Realty Trust, Inc., Class A | 299 | 16,795 |
Rayonier, Inc. | 1,373 | 36,426 |
Realogy Holdings Corp. | 9,729 | 90,188 |
Realty Income Corp. | 961 | 69,567 |
Regency Centers Corp. | 607 | 34,866 |
Retail Opportunity Investments Corp. | 727 | 10,905 |
Retail Properties of America, Inc., Class A | 3,088 | 32,331 |
RLJ Lodging Trust | 2,568 | 33,923 |
RPT Realty | 1,019 | 13,206 |
Ryman Hospitality Properties, Inc. | 331 | 23,008 |
Sabra Health Care REIT, Inc. | 782 | 15,288 |
SBA Communications Corp. | 190 | 50,367 |
Seritage Growth Properties, Class A | 254 | 8,733 |
Service Properties Trust | 3,279 | 59,284 |
Simon Property Group, Inc. | 1,897 | 233,483 |
SITE Centers Corp. | 2,779 | 31,986 |
SL Green Realty Corp. | 920 | 72,165 |
Spirit Realty Capital, Inc. | 818 | 37,219 |
STAG Industrial, Inc. | 430 | 12,031 |
STORE Capital Corp. | 463 | 15,214 |
Summit Hotel Properties, Inc. | 1,266 | 11,736 |
Sun Communities, Inc. | 271 | 41,430 |
Sunstone Hotel Investors, Inc. | 3,256 | 35,653 |
Tanger Factory Outlet Centers, Inc. | 1,510 | 18,090 |
Taubman Centers, Inc. | 885 | 46,073 |
The GEO Group, Inc. | 2,558 | 37,449 |
The Howard Hughes Corp. * | 154 | 16,614 |
The Macerich Co. | 2,088 | 42,637 |
The St. Joe Co. * | 535 | 10,523 |
UDR, Inc. | 1,241 | 55,820 |
Uniti Group, Inc. | 4,853 | 47,365 |
Urban Edge Properties | 945 | 15,309 |
Ventas, Inc. | 3,069 | 165,020 |
VEREIT, Inc. | 9,076 | 78,598 |
Vornado Realty Trust | 1,365 | 73,137 |
Washington Prime Group, Inc. (b) | 10,006 | 27,516 |
Washington Real Estate Investment Trust | 708 | 19,010 |
Weingarten Realty Investors | 1,109 | 29,865 |
Welltower, Inc. | 3,008 | 225,059 |
Weyerhaeuser Co. | 8,605 | 223,558 |
WP Carey, Inc. | 648 | 50,162 |
Xenia Hotels & Resorts, Inc. | 1,907 | 28,529 |
6,486,669 | ||
Security | Number of Shares | Value ($) |
Retailing 5.0% | ||
Aaron's, Inc. | 976 | 38,386 |
Abercrombie & Fitch Co., Class A | 3,567 | 46,835 |
Advance Auto Parts, Inc. | 776 | 103,192 |
Amazon.com, Inc. * | 485 | 913,619 |
American Eagle Outfitters, Inc. | 4,383 | 56,453 |
Asbury Automotive Group, Inc. * | 567 | 50,259 |
Ascena Retail Group, Inc. * | 3,066 | 11,651 |
AutoNation, Inc. * | 2,012 | 85,973 |
AutoZone, Inc. * | 115 | 118,739 |
Barnes & Noble Education, Inc. * | 3,968 | 13,134 |
Bed Bath & Beyond, Inc. (b) | 22,779 | 246,241 |
Best Buy Co., Inc. | 6,117 | 462,751 |
Big 5 Sporting Goods Corp. | 4,538 | 10,120 |
Big Lots, Inc. | 3,205 | 50,671 |
Booking Holdings, Inc. * | 232 | 393,393 |
Burlington Stores, Inc. * | 208 | 44,982 |
Caleres, Inc. | 1,628 | 18,771 |
CarMax, Inc. * | 2,335 | 203,869 |
Chico's FAS, Inc. | 14,681 | 58,871 |
Citi Trends, Inc. | 639 | 12,633 |
Conn's, Inc. * | 496 | 4,042 |
Core-Mark Holding Co., Inc. | 2,804 | 64,520 |
Designer Brands, Inc., Class A | 2,862 | 38,666 |
Dick's Sporting Goods, Inc. | 2,802 | 102,021 |
Dillard's, Inc., Class A (b) | 913 | 51,393 |
Dollar General Corp. | 3,190 | 479,457 |
Dollar Tree, Inc. * | 2,286 | 189,807 |
eBay, Inc. | 9,502 | 329,149 |
Expedia Group, Inc. | 884 | 87,180 |
Five Below, Inc. * | 142 | 13,767 |
Foot Locker, Inc. | 3,728 | 135,140 |
GameStop Corp., Class A (b) | 23,529 | 84,704 |
Genesco, Inc. * | 1,153 | 39,675 |
Genuine Parts Co. | 2,126 | 185,472 |
GNC Holdings, Inc., Class A *(b) | 20,656 | 34,702 |
Group 1 Automotive, Inc. | 875 | 74,576 |
Groupon, Inc. * | 8,279 | 11,094 |
GrubHub, Inc. * | 182 | 8,756 |
Guess?, Inc. | 1,939 | 31,412 |
Haverty Furniture Cos., Inc. | 705 | 11,858 |
Hibbett Sports, Inc. * | 1,207 | 23,561 |
Kirkland's, Inc. * | 3,797 | 4,480 |
Kohl's Corp. | 7,283 | 285,129 |
L Brands, Inc. | 8,451 | 183,049 |
Lithia Motors, Inc., Class A | 472 | 56,243 |
LKQ Corp. * | 3,921 | 115,983 |
Lowe's Cos., Inc. | 10,013 | 1,067,085 |
Macy's, Inc. | 19,563 | 258,818 |
MercadoLibre, Inc. * | 29 | 17,865 |
Monro, Inc. | 248 | 13,918 |
Murphy USA, Inc. * | 1,242 | 121,095 |
National Vision Holdings, Inc. * | 390 | 13,580 |
Nordstrom, Inc. | 4,258 | 147,753 |
O'Reilly Automotive, Inc. * | 608 | 224,182 |
Office Depot, Inc. | 49,225 | 115,679 |
Ollie's Bargain Outlet Holdings, Inc. * | 178 | 9,055 |
Overstock.com, Inc. * | 801 | 5,174 |
Party City Holdco, Inc. * | 4,413 | 8,782 |
Penske Automotive Group, Inc. | 1,169 | 53,797 |
Pool Corp. | 211 | 44,513 |
Qurate Retail, Inc., Series A * | 18,221 | 124,267 |
Rent-A-Center, Inc. | 838 | 17,841 |
RH * | 238 | 43,173 |
Ross Stores, Inc. | 2,468 | 268,469 |
Sally Beauty Holdings, Inc. * | 3,802 | 47,297 |
Shoe Carnival, Inc. | 424 | 12,682 |
Security | Number of Shares | Value ($) |
Signet Jewelers Ltd. | 6,617 | 154,308 |
Sleep Number Corp. * | 551 | 24,272 |
Stamps.com, Inc. * | 141 | 19,896 |
Target Corp. | 12,069 | 1,243,107 |
The Buckle, Inc. | 1,263 | 28,582 |
The Cato Corp., Class A | 1,236 | 19,986 |
The Children's Place, Inc. | 336 | 19,354 |
The Gap, Inc. | 10,072 | 144,332 |
The Home Depot, Inc. | 9,409 | 2,049,657 |
The Michaels Cos., Inc. * | 3,251 | 13,947 |
The TJX Cos., Inc. | 12,523 | 748,875 |
Tiffany & Co. | 1,283 | 171,396 |
Tractor Supply Co. | 1,438 | 127,277 |
Ulta Salon, Cosmetics & Fragrance, Inc. * | 285 | 73,271 |
Urban Outfitters, Inc. * | 2,594 | 60,985 |
Williams-Sonoma, Inc. | 1,550 | 96,704 |
Zumiez, Inc. * | 578 | 15,334 |
13,212,687 | ||
Semiconductors & Semiconductor Equipment 3.6% | ||
Advanced Energy Industries, Inc. * | 279 | 16,593 |
Advanced Micro Devices, Inc. * | 541 | 24,605 |
Amkor Technology, Inc. * | 3,212 | 33,517 |
Analog Devices, Inc. | 1,443 | 157,359 |
Applied Materials, Inc. | 8,021 | 466,180 |
Broadcom, Inc. | 1,026 | 279,708 |
Brooks Automation, Inc. | 346 | 11,940 |
Cabot Microelectronics Corp. | 115 | 16,017 |
Cirrus Logic, Inc. * | 795 | 54,569 |
Cree, Inc. * | 987 | 44,148 |
Cypress Semiconductor Corp. | 2,008 | 46,365 |
Diodes, Inc. * | 369 | 16,240 |
Entegris, Inc. | 600 | 31,992 |
First Solar, Inc. * | 1,047 | 47,921 |
Intel Corp. | 54,986 | 3,052,823 |
KLA Corp. | 1,372 | 210,890 |
Kulicke & Soffa Industries, Inc. | 803 | 18,332 |
Lam Research Corp. | 907 | 266,141 |
Marvell Technology Group Ltd. | 3,510 | 74,763 |
Maxim Integrated Products, Inc. | 1,988 | 110,573 |
Mellanox Technologies Ltd. * | 114 | 13,614 |
Microchip Technology, Inc. | 1,124 | 101,958 |
Micron Technology, Inc. * | 10,282 | 540,422 |
MKS Instruments, Inc. | 359 | 35,968 |
Monolithic Power Systems, Inc. | 78 | 12,374 |
NVIDIA Corp. | 1,496 | 404,025 |
NXP Semiconductor N.V. | 2,026 | 230,336 |
ON Semiconductor Corp. * | 3,337 | 62,268 |
Photronics, Inc. * | 1,327 | 16,521 |
Power Integrations, Inc. | 163 | 14,189 |
Qorvo, Inc. * | 1,313 | 132,062 |
QUALCOMM, Inc. | 20,339 | 1,592,544 |
Rambus, Inc. * | 823 | 11,506 |
Semtech Corp. * | 271 | 10,702 |
Silicon Laboratories, Inc. * | 169 | 14,987 |
Skyworks Solutions, Inc. | 1,846 | 184,932 |
Synaptics, Inc. * | 811 | 53,567 |
Teradyne, Inc. | 921 | 54,118 |
Texas Instruments, Inc. | 7,147 | 815,759 |
Xilinx, Inc. | 1,322 | 110,374 |
Xperi Corp. | 685 | 11,775 |
9,404,677 | ||
Software & Services 6.5% | ||
Accenture plc, Class A | 3,678 | 664,210 |
ACI Worldwide, Inc. * | 705 | 19,648 |
Security | Number of Shares | Value ($) |
Adobe, Inc. * | 685 | 236,407 |
Akamai Technologies, Inc. * | 1,093 | 94,555 |
Alliance Data Systems Corp. | 1,022 | 87,769 |
Amdocs Ltd. | 1,961 | 125,014 |
ANSYS, Inc. * | 279 | 67,571 |
Aspen Technology, Inc. * | 188 | 20,024 |
Autodesk, Inc. * | 358 | 68,335 |
Automatic Data Processing, Inc. | 1,963 | 303,755 |
Black Knight, Inc. * | 595 | 39,692 |
Blackbaud, Inc. | 127 | 8,611 |
Booz Allen Hamilton Holding Corp. | 1,018 | 72,583 |
Broadridge Financial Solutions, Inc. | 664 | 69,295 |
CACI International, Inc., Class A * | 255 | 62,480 |
Cadence Design Systems, Inc. * | 817 | 54,036 |
Cardtronics plc, Class A * | 460 | 16,684 |
CDK Global, Inc. | 1,046 | 48,137 |
Cerence, Inc. * | 210 | 4,559 |
Check Point Software Technologies Ltd. * | 755 | 78,369 |
Citrix Systems, Inc. | 1,144 | 118,278 |
Cognizant Technology Solutions Corp., Class A | 5,616 | 342,183 |
CommVault Systems, Inc. * | 284 | 11,843 |
Conduent, Inc. * | 9,209 | 30,113 |
CoreLogic, Inc. | 1,012 | 45,914 |
CSG Systems International, Inc. | 353 | 15,620 |
DXC Technology Co. | 4,200 | 101,262 |
Ebix, Inc. | 233 | 6,161 |
EPAM Systems, Inc. * | 128 | 28,570 |
Euronet Worldwide, Inc. * | 194 | 24,064 |
EVERTEC, Inc. | 459 | 13,623 |
ExlService Holdings, Inc. * | 230 | 17,170 |
Fair Isaac Corp. * | 95 | 35,723 |
Fidelity National Information Services, Inc. | 2,191 | 306,127 |
Fiserv, Inc. * | 3,344 | 365,700 |
FleetCor Technologies, Inc. * | 223 | 59,271 |
Fortinet, Inc. * | 200 | 20,412 |
Gartner, Inc. * | 293 | 37,911 |
Genpact Ltd. | 1,306 | 50,229 |
Global Payments, Inc. | 1,086 | 199,791 |
GoDaddy, Inc., Class A * | 154 | 10,777 |
International Business Machines Corp. | 19,235 | 2,503,435 |
InterXion Holding N.V. * | 181 | 15,365 |
Intuit, Inc. | 876 | 232,885 |
j2 Global, Inc. | 320 | 27,946 |
Jack Henry & Associates, Inc. | 428 | 64,945 |
KBR, Inc. | 1,816 | 47,143 |
Leidos Holdings, Inc. | 1,542 | 158,286 |
LiveRamp Holdings, Inc. * | 362 | 12,829 |
LogMeIn, Inc. | 170 | 14,490 |
Manhattan Associates, Inc. * | 362 | 24,384 |
ManTech International Corp., Class A | 379 | 28,387 |
Mastercard, Inc., Class A | 2,236 | 648,999 |
MAXIMUS, Inc. | 644 | 40,585 |
Microsoft Corp. | 34,439 | 5,579,462 |
MicroStrategy, Inc., Class A * | 77 | 10,407 |
Net 1 UEPS Technologies, Inc. * | 2,801 | 9,607 |
NIC, Inc. | 502 | 9,182 |
NortonLifeLock, Inc. | 9,490 | 180,595 |
Nuance Communications, Inc. * | 1,569 | 33,922 |
Oracle Corp. | 26,564 | 1,313,855 |
Paychex, Inc. | 1,756 | 136,055 |
PayPal Holdings, Inc. * | 2,168 | 234,122 |
Perficient, Inc. * | 339 | 13,889 |
Perspecta, Inc. | 2,264 | 56,532 |
Progress Software Corp. | 509 | 18,981 |
PTC, Inc. * | 326 | 24,629 |
Sabre Corp. | 2,606 | 35,481 |
salesforce.com, Inc. * | 563 | 95,935 |
Security | Number of Shares | Value ($) |
Science Applications International Corp. | 476 | 38,142 |
SS&C Technologies Holdings, Inc. | 539 | 29,914 |
Sykes Enterprises, Inc. * | 767 | 24,299 |
Synopsys, Inc. * | 482 | 66,482 |
Teradata Corp. * | 2,379 | 47,437 |
The Western Union Co. | 6,663 | 149,185 |
TiVo Corp. | 2,215 | 16,768 |
Tyler Technologies, Inc. * | 72 | 22,561 |
Unisys Corp. * | 1,330 | 20,655 |
Verint Systems, Inc. * | 329 | 18,056 |
VeriSign, Inc. * | 279 | 52,940 |
Virtusa Corp. * | 205 | 9,043 |
Visa, Inc., Class A | 5,051 | 918,070 |
VMware, Inc., Class A * | 276 | 33,264 |
WEX, Inc. * | 128 | 23,967 |
17,025,592 | ||
Technology Hardware & Equipment 8.0% | ||
ADTRAN, Inc. | 1,740 | 13,998 |
Amphenol Corp., Class A | 1,731 | 158,698 |
Anixter International, Inc. * | 915 | 89,222 |
Apple, Inc. | 48,912 | 13,370,584 |
Arista Networks, Inc. * | 81 | 15,643 |
Arrow Electronics, Inc. * | 2,984 | 200,107 |
Avnet, Inc. | 6,674 | 204,758 |
AVX Corp. | 780 | 16,957 |
Badger Meter, Inc. | 179 | 10,778 |
Belden, Inc. | 667 | 26,633 |
Benchmark Electronics, Inc. | 1,564 | 42,510 |
CDW Corp. | 972 | 111,022 |
Ciena Corp. * | 795 | 30,568 |
Cisco Systems, Inc. | 40,701 | 1,625,191 |
Cognex Corp. | 503 | 22,404 |
Coherent, Inc. * | 173 | 22,267 |
CommScope Holding Co., Inc. * | 4,636 | 51,042 |
Comtech Telecommunications Corp. | 386 | 10,816 |
Corning, Inc. | 17,501 | 417,574 |
CTS Corp. | 315 | 8,212 |
Dell Technologies, Inc., Class C * | 1,150 | 46,529 |
Dolby Laboratories, Inc., Class A | 396 | 26,017 |
EchoStar Corp., Class A * | 783 | 27,342 |
ePlus, Inc. * | 234 | 17,728 |
F5 Networks, Inc. * | 708 | 84,925 |
Fabrinet * | 307 | 16,922 |
Fitbit, Inc., Class A * | 3,307 | 21,132 |
Flex Ltd. * | 16,705 | 185,593 |
FLIR Systems, Inc. | 1,019 | 43,277 |
Hewlett Packard Enterprise Co. | 42,333 | 541,439 |
HP, Inc. | 20,098 | 417,837 |
II-VI, Inc. * | 903 | 26,810 |
Insight Enterprises, Inc. * | 905 | 49,856 |
InterDigital, Inc. | 435 | 23,007 |
IPG Photonics Corp. * | 185 | 23,613 |
Itron, Inc. * | 309 | 23,435 |
Jabil, Inc. | 5,299 | 169,833 |
Juniper Networks, Inc. | 8,042 | 170,651 |
KEMET Corp. | 502 | 13,092 |
Keysight Technologies, Inc. * | 604 | 57,235 |
Knowles Corp. * | 1,172 | 19,479 |
Littelfuse, Inc. | 132 | 21,078 |
Lumentum Holdings, Inc. * | 264 | 20,544 |
Methode Electronics, Inc. | 678 | 20,788 |
Motorola Solutions, Inc. | 1,818 | 301,206 |
MTS Systems Corp. | 191 | 7,667 |
National Instruments Corp. | 762 | 30,693 |
NCR Corp. * | 2,242 | 56,498 |
NetApp, Inc. | 3,632 | 169,687 |
Security | Number of Shares | Value ($) |
NETGEAR, Inc. * | 467 | 8,812 |
NetScout Systems, Inc. * | 1,478 | 37,985 |
OSI Systems, Inc. * | 175 | 14,222 |
PC Connection, Inc. | 426 | 17,325 |
Plantronics, Inc. | 728 | 9,995 |
Plexus Corp. * | 599 | 39,744 |
Rogers Corp. * | 120 | 13,920 |
Sanmina Corp. * | 2,593 | 68,170 |
ScanSource, Inc. * | 1,181 | 33,576 |
Seagate Technology plc | 7,217 | 346,055 |
Stratasys Ltd. * | 450 | 7,200 |
SYNNEX Corp. | 975 | 121,904 |
TE Connectivity Ltd. | 3,318 | 274,963 |
Tech Data Corp. * | 1,639 | 233,377 |
Trimble, Inc. * | 1,502 | 59,299 |
TTM Technologies, Inc. * | 2,320 | 30,137 |
ViaSat, Inc. * | 339 | 19,493 |
Viavi Solutions, Inc. * | 813 | 10,723 |
Vishay Intertechnology, Inc. | 2,356 | 44,057 |
Western Digital Corp. | 6,844 | 380,253 |
Xerox Holdings Corp. | 4,402 | 141,744 |
Zebra Technologies Corp., Class A * | 140 | 29,536 |
21,025,387 | ||
Telecommunication Services 3.6% | ||
AT&T, Inc. | 132,091 | 4,652,245 |
ATN International, Inc. | 144 | 7,762 |
CenturyLink, Inc. | 46,158 | 557,127 |
Cogent Communications Holdings, Inc. | 235 | 17,157 |
Consolidated Communications Holdings, Inc. | 4,779 | 29,725 |
Frontier Communications Corp. * | 133,729 | 72,347 |
GCI Liberty, Inc., Class A * | 241 | 16,656 |
Intelsat S.A. * | 1,549 | 5,979 |
Iridium Communications, Inc. * | 538 | 14,564 |
Shenandoah Telecommunications Co. | 300 | 13,329 |
Sprint Corp. * | 14,259 | 131,040 |
T-Mobile US, Inc. * | 2,894 | 260,923 |
Telephone & Data Systems, Inc. | 3,257 | 65,596 |
United States Cellular Corp. * | 324 | 10,177 |
Verizon Communications, Inc. | 63,559 | 3,442,356 |
Vonage Holdings Corp. * | 1,690 | 15,142 |
Zayo Group Holdings, Inc. * | 1,192 | 41,708 |
9,353,833 | ||
Transportation 2.1% | ||
Air Transport Services Group, Inc. * | 633 | 11,331 |
Alaska Air Group, Inc. | 548 | 27,652 |
Allegiant Travel Co. | 70 | 9,488 |
AMERCO | 84 | 27,091 |
American Airlines Group, Inc. | 5,328 | 101,498 |
ArcBest Corp. | 1,113 | 22,049 |
Atlas Corp. | 1,913 | 20,278 |
Avis Budget Group, Inc. * | 4,644 | 150,350 |
C.H. Robinson Worldwide, Inc. | 2,301 | 158,539 |
Copa Holdings S.A., Class A | 130 | 10,808 |
Costamare, Inc. | 1,833 | 11,970 |
CSX Corp. | 6,841 | 481,948 |
Daseke, Inc. * | 8,636 | 28,499 |
Delta Air Lines, Inc. | 2,886 | 133,131 |
Echo Global Logistics, Inc. * | 732 | 13,505 |
Expeditors International of Washington, Inc. | 2,320 | 163,374 |
FedEx Corp. | 5,334 | 753,001 |
Forward Air Corp. | 347 | 20,476 |
Hawaiian Holdings, Inc. | 374 | 7,809 |
Heartland Express, Inc. | 660 | 11,821 |
Hertz Global Holdings, Inc. * | 9,290 | 118,819 |
Security | Number of Shares | Value ($) |
Hub Group, Inc., Class A * | 980 | 45,305 |
J.B. Hunt Transport Services, Inc. | 989 | 95,379 |
JetBlue Airways Corp. * | 1,940 | 30,613 |
Kansas City Southern | 896 | 135,009 |
Kirby Corp. * | 718 | 45,773 |
Knight-Swift Transportation Holdings, Inc. | 1,615 | 51,583 |
Landstar System, Inc. | 508 | 51,293 |
Macquarie Infrastructure Corp. | 1,485 | 58,286 |
Marten Transport Ltd. | 604 | 11,802 |
Norfolk Southern Corp. | 2,472 | 450,769 |
Old Dominion Freight Line, Inc. | 417 | 80,815 |
Ryder System, Inc. | 2,334 | 88,785 |
Saia, Inc. * | 313 | 27,328 |
Schneider National, Inc., Class B | 878 | 15,725 |
Southwest Airlines Co. | 2,346 | 108,362 |
Spirit Airlines, Inc. * | 254 | 7,226 |
Union Pacific Corp. | 7,160 | 1,144,240 |
United Airlines Holdings, Inc. * | 1,316 | 81,052 |
United Parcel Service, Inc., Class B | 5,557 | 502,853 |
Werner Enterprises, Inc. | 915 | 30,744 |
XPO Logistics, Inc. * | 1,145 | 84,696 |
YRC Worldwide, Inc. * | 3,788 | 8,031 |
5,439,106 | ||
Utilities 3.8% | ||
AES Corp. | 15,976 | 267,278 |
ALLETE, Inc. | 483 | 33,322 |
Alliant Energy Corp. | 1,964 | 102,364 |
Ameren Corp. | 2,618 | 206,822 |
American Electric Power Co., Inc. | 5,312 | 474,149 |
American States Water Co. | 220 | 16,850 |
American Water Works Co., Inc. | 1,116 | 138,005 |
Atlantica Yield plc | 808 | 23,359 |
Atmos Energy Corp. | 817 | 84,355 |
Avangrid, Inc. | 491 | 24,398 |
Avista Corp. | 900 | 42,435 |
Black Hills Corp. | 450 | 32,490 |
California Water Service Group | 308 | 14,772 |
CenterPoint Energy, Inc. | 6,563 | 151,080 |
Chesapeake Utilities Corp. | 122 | 10,431 |
Clearway Energy, Inc., Class A | 222 | 4,504 |
Clearway Energy, Inc., Class C | 558 | 11,740 |
CMS Energy Corp. | 2,814 | 170,022 |
Consolidated Edison, Inc. | 4,124 | 325,054 |
Dominion Energy, Inc. | 6,019 | 470,565 |
DTE Energy Co. | 2,000 | 223,340 |
Duke Energy Corp. | 9,836 | 901,961 |
Edison International | 4,818 | 323,721 |
El Paso Electric Co. | 443 | 30,066 |
Entergy Corp. | 2,437 | 284,910 |
Essential Utilities, Inc. | 949 | 40,816 |
Eversource Energy | 3,110 | 268,891 |
Exelon Corp. | 15,098 | 650,875 |
FirstEnergy Corp. | 3,565 | 158,749 |
Hawaiian Electric Industries, Inc. | 1,221 | 52,308 |
IDACORP, Inc. | 411 | 39,719 |
MGE Energy, Inc. | 253 | 18,049 |
National Fuel Gas Co. | 850 | 31,119 |
New Jersey Resources Corp. | 849 | 29,978 |
NextEra Energy, Inc. | 3,056 | 772,435 |
NiSource, Inc. | 3,368 | 91,003 |
Northwest Natural Holding Co. | 272 | 17,889 |
NorthWestern Corp. | 517 | 36,366 |
NRG Energy, Inc. | 2,052 | 68,147 |
OGE Energy Corp. | 1,961 | 74,714 |
ONE Gas, Inc. | 434 | 35,649 |
Ormat Technologies, Inc. | 259 | 18,047 |
Security | Number of Shares | Value ($) |
Otter Tail Corp. | 388 | 18,861 |
Pattern Energy Group, Inc., Class A | 752 | 20,342 |
PG&E Corp. * | 36,866 | 571,423 |
Pinnacle West Capital Corp. | 1,347 | 120,543 |
PNM Resources, Inc. | 864 | 40,677 |
Portland General Electric Co. | 1,023 | 55,661 |
PPL Corp. | 10,854 | 325,729 |
Public Service Enterprise Group, Inc. | 5,936 | 304,576 |
Sempra Energy | 2,218 | 310,032 |
South Jersey Industries, Inc. | 793 | 21,451 |
Southwest Gas Holdings, Inc. | 551 | 35,639 |
Spire, Inc. | 429 | 32,196 |
The Southern Co. | 11,455 | 691,424 |
UGI Corp. | 2,464 | 88,803 |
Unitil Corp. | 165 | 9,296 |
Vistra Energy Corp. | 4,879 | 93,823 |
WEC Energy Group, Inc. | 2,405 | 222,054 |
Xcel Energy, Inc. | 5,221 | 325,373 |
10,060,650 | ||
Total Common Stock | ||
(Cost $239,088,835) | 261,254,634 | |
Rights 0.0% of net assets | ||
Materials 0.0% | ||
A. Schulman, Inc. CVR *(c) | 469 | 203 |
Total Rights | ||
(Cost $203) | 203 | |
Other Investment Companies 0.3% of net assets | ||
Money Market Fund 0.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.53% (d) | 28,046 | 28,046 |
Securities Lending Collateral 0.3% | ||
Wells Fargo Government Money Market Fund, Select Class 1.52% (d) | 774,735 | 774,735 |
Total Other Investment Companies | ||
(Cost $802,781) | 802,781 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
Long | ||||||
S&P 500 Index, e-mini, expires 03/20/20 | 5 | 737,775 | (78,578) |
* | Non-income producing security. |
(a) | Issuer is affiliated with the fund’s investment adviser. |
(b) | All or a portion of this security is on loan. Securities on loan were valued at $746,446. |
(c) | Fair-valued by management using significant unobservable inputs in accordance with procedures approved by the fund’s Board of Trustees. |
(d) | The rate shown is the 7-day yield. |
CVR — | Contingent Value Rights |
REIT — | Real Estate Investment Trust |
Security | Number of Shares | Value ($) |
Common Stock 99.7% of net assets | ||
Automobiles & Components 1.7% | ||
Adient plc * | 193,407 | 4,628,230 |
Aptiv plc | 71,551 | 5,588,849 |
Autoliv, Inc. | 42,459 | 2,833,289 |
BorgWarner, Inc. | 94,901 | 2,998,872 |
Cooper Tire & Rubber Co. | 49,754 | 1,268,229 |
Dana, Inc. | 97,013 | 1,395,047 |
Ford Motor Co. | 3,572,788 | 24,866,604 |
General Motors Co. | 1,090,952 | 33,274,036 |
Gentex Corp. | 67,725 | 1,808,257 |
Harley-Davidson, Inc. | 79,587 | 2,425,016 |
Lear Corp. | 39,783 | 4,423,870 |
The Goodyear Tire & Rubber Co. | 373,485 | 3,617,202 |
Thor Industries, Inc. | 31,907 | 2,406,107 |
Visteon Corp. * | 44,547 | 2,897,337 |
94,430,945 | ||
Banks 5.6% | ||
Bank of America Corp. | 1,503,058 | 42,837,153 |
CIT Group, Inc. | 72,948 | 2,896,765 |
Citigroup, Inc. | 798,203 | 50,653,962 |
Citizens Financial Group, Inc. | 117,578 | 3,726,047 |
Comerica, Inc. | 31,699 | 1,668,635 |
Fifth Third Bancorp | 255,669 | 6,238,324 |
First Republic Bank | 13,299 | 1,337,481 |
Huntington Bancshares, Inc. | 183,927 | 2,256,784 |
JPMorgan Chase & Co. | 700,727 | 81,361,412 |
KeyCorp | 187,485 | 3,065,380 |
M&T Bank Corp. | 27,871 | 3,912,531 |
New York Community Bancorp, Inc. | 154,245 | 1,667,389 |
People's United Financial, Inc. | 75,185 | 1,051,838 |
Regions Financial Corp. | 265,141 | 3,584,706 |
The PNC Financial Services Group, Inc. | 112,172 | 14,178,541 |
Truist Financial Corp. | 296,195 | 13,666,437 |
U.S. Bancorp | 377,028 | 17,509,180 |
Wells Fargo & Co. | 1,447,951 | 59,148,798 |
310,761,363 | ||
Capital Goods 8.3% | ||
3M Co. | 152,286 | 22,727,163 |
A.O. Smith Corp. | 28,216 | 1,115,943 |
Acuity Brands, Inc. | 11,070 | 1,138,660 |
AECOM * | 77,780 | 3,495,433 |
AerCap Holdings N.V. * | 53,803 | 2,802,060 |
AGCO Corp. | 37,448 | 2,262,983 |
Allison Transmission Holdings, Inc. | 38,470 | 1,561,882 |
AMETEK, Inc. | 31,423 | 2,702,378 |
Arconic, Inc. | 143,434 | 4,209,788 |
Carlisle Cos., Inc. | 13,577 | 1,972,602 |
Caterpillar, Inc. | 146,504 | 18,201,657 |
Cummins, Inc. | 57,271 | 8,664,530 |
Deere & Co. | 89,432 | 13,994,319 |
Donaldson Co., Inc. | 29,387 | 1,324,766 |
Dover Corp. | 35,130 | 3,609,256 |
Eaton Corp. plc | 153,055 | 13,885,150 |
Security | Number of Shares | Value ($) |
EMCOR Group, Inc. | 22,582 | 1,737,007 |
Emerson Electric Co. | 203,249 | 13,030,293 |
EnerSys | 18,250 | 1,123,835 |
Fastenal Co. | 104,236 | 3,566,956 |
Flowserve Corp. | 45,410 | 1,825,028 |
Fluor Corp. | 251,734 | 2,346,161 |
Fortive Corp. | 33,329 | 2,305,034 |
Fortune Brands Home & Security, Inc. | 45,469 | 2,807,711 |
GATX Corp. | 17,037 | 1,218,657 |
General Dynamics Corp. | 81,252 | 12,975,132 |
General Electric Co. | 6,579,131 | 71,580,945 |
HD Supply Holdings, Inc. * | 37,607 | 1,429,818 |
Hexcel Corp. | 17,467 | 1,128,892 |
Honeywell International, Inc. | 130,193 | 21,113,399 |
Hubbell, Inc. | 15,667 | 2,087,471 |
Huntington Ingalls Industries, Inc. | 11,771 | 2,419,294 |
IDEX Corp. | 10,883 | 1,610,684 |
Illinois Tool Works, Inc. | 85,943 | 14,419,517 |
Ingersoll-Rand plc | 51,770 | 6,680,401 |
Jacobs Engineering Group, Inc. | 48,472 | 4,475,904 |
Johnson Controls International plc | 203,404 | 7,438,484 |
L3Harris Technologies, Inc. | 43,555 | 8,612,130 |
Lincoln Electric Holdings, Inc. | 19,179 | 1,570,568 |
Lockheed Martin Corp. | 41,489 | 15,345,536 |
Masco Corp. | 54,620 | 2,256,898 |
MSC Industrial Direct Co., Inc., Class A | 17,897 | 1,106,393 |
Nordson Corp. | 8,759 | 1,272,683 |
Northrop Grumman Corp. | 36,908 | 12,136,827 |
Oshkosh Corp. | 32,737 | 2,361,975 |
Owens Corning | 47,892 | 2,705,419 |
PACCAR, Inc. | 112,560 | 7,530,264 |
Parker-Hannifin Corp. | 34,311 | 6,339,643 |
Pentair plc | 50,795 | 2,000,815 |
Quanta Services, Inc. | 78,303 | 2,985,693 |
Raytheon Co. | 67,142 | 12,660,296 |
Regal Beloit Corp. | 17,807 | 1,382,535 |
Resideo Technologies, Inc. * | 106,249 | 1,142,177 |
Rockwell Automation, Inc. | 24,878 | 4,565,113 |
Roper Technologies, Inc. | 7,448 | 2,619,462 |
Sensata Technologies Holding plc * | 29,323 | 1,196,378 |
Snap-on, Inc. | 15,727 | 2,276,483 |
Spirit AeroSystems Holdings, Inc., Class A | 29,978 | 1,584,038 |
Stanley Black & Decker, Inc. | 36,137 | 5,192,887 |
Terex Corp. | 61,261 | 1,348,355 |
Textron, Inc. | 95,717 | 3,886,110 |
The Boeing Co. | 77,863 | 21,420,890 |
The Timken Co. | 28,975 | 1,299,239 |
The Toro Co. | 17,618 | 1,258,454 |
TransDigm Group, Inc. | 6,520 | 3,636,921 |
Trinity Industries, Inc. | 93,881 | 1,910,478 |
United Rentals, Inc. * | 36,594 | 4,847,973 |
United Technologies Corp. | 232,899 | 30,414,280 |
Valmont Industries, Inc. | 10,019 | 1,164,408 |
W.W. Grainger, Inc. | 15,412 | 4,277,446 |
WABCO Holdings, Inc. * | 11,149 | 1,506,230 |
Watsco, Inc. | 9,521 | 1,494,607 |
WESCO International, Inc. * | 42,882 | 1,739,723 |
Security | Number of Shares | Value ($) |
Westinghouse Air Brake Technologies Corp. | 19,198 | 1,318,903 |
Xylem, Inc. | 23,816 | 1,841,929 |
463,199,352 | ||
Commercial & Professional Services 0.6% | ||
ABM Industries, Inc. | 31,949 | 1,051,761 |
Cintas Corp. | 11,352 | 3,028,032 |
Equifax, Inc. | 17,145 | 2,435,276 |
IAA, Inc. * | 25,561 | 1,091,966 |
IHS Markit Ltd. | 31,665 | 2,255,815 |
KAR Auction Services, Inc. | 26,370 | 507,622 |
ManpowerGroup, Inc. | 53,351 | 4,051,475 |
Nielsen Holdings plc | 196,404 | 3,576,517 |
Pitney Bowes, Inc. | 302,898 | 1,035,911 |
Republic Services, Inc. | 44,426 | 4,009,891 |
Robert Half International, Inc. | 45,831 | 2,310,341 |
Verisk Analytics, Inc. | 11,006 | 1,707,141 |
Waste Management, Inc. | 78,978 | 8,751,552 |
35,813,300 | ||
Consumer Durables & Apparel 1.5% | ||
Brunswick Corp. | 32,256 | 1,716,019 |
Capri Holdings Ltd. * | 101,472 | 2,620,007 |
Carter's, Inc. | 18,570 | 1,698,598 |
D.R. Horton, Inc. | 89,321 | 4,758,130 |
Fossil Group, Inc. * | 136,632 | 627,141 |
Garmin Ltd. | 21,794 | 1,926,372 |
Hanesbrands, Inc. | 133,433 | 1,766,653 |
Hasbro, Inc. | 25,142 | 1,942,220 |
Kontoor Brands, Inc. * | 9,936 | 335,241 |
Leggett & Platt, Inc. | 45,693 | 1,812,184 |
Lennar Corp., Class A | 56,348 | 3,400,038 |
Lululemon Athletica, Inc. * | 6,570 | 1,428,384 |
Mattel, Inc. * | 261,566 | 3,083,863 |
Mohawk Industries, Inc. * | 24,007 | 2,908,448 |
Newell Brands, Inc. | 206,489 | 3,186,125 |
NIKE, Inc., Class B | 205,475 | 18,365,355 |
NVR, Inc. * | 810 | 2,970,416 |
Polaris, Inc. | 24,780 | 2,045,093 |
PulteGroup, Inc. | 108,096 | 4,345,459 |
PVH Corp. | 34,480 | 2,555,313 |
Ralph Lauren Corp. | 26,795 | 2,827,140 |
Tapestry, Inc. | 137,552 | 3,225,594 |
Toll Brothers, Inc. | 41,920 | 1,552,298 |
Under Armour, Inc., Class A * | 31,532 | 447,439 |
Under Armour, Inc., Class C * | 32,702 | 408,121 |
VF Corp. | 71,304 | 5,133,888 |
Whirlpool Corp. | 42,139 | 5,387,893 |
82,473,432 | ||
Consumer Services 1.7% | ||
Aramark | 82,407 | 2,862,819 |
Carnival Corp. | 152,564 | 5,104,791 |
Chipotle Mexican Grill, Inc. * | 3,468 | 2,682,775 |
Darden Restaurants, Inc. | 24,851 | 2,422,973 |
Domino's Pizza, Inc. | 6,522 | 2,213,958 |
H&R Block, Inc. | 65,368 | 1,351,157 |
Hilton Worldwide Holdings, Inc. | 26,100 | 2,536,920 |
Las Vegas Sands Corp. | 99,995 | 5,830,708 |
Marriott International, Inc., Class A | 33,161 | 4,111,964 |
McDonald's Corp. | 155,239 | 30,142,757 |
MGM Resorts International | 124,824 | 3,065,677 |
Norwegian Cruise Line Holdings Ltd. * | 40,269 | 1,500,423 |
Royal Caribbean Cruises Ltd. | 36,966 | 2,972,436 |
Security | Number of Shares | Value ($) |
Service Corp. International | 27,693 | 1,323,448 |
Six Flags Entertainment Corp. | 23,377 | 590,971 |
Starbucks Corp. | 162,376 | 12,735,150 |
The Wendy's Co. | 64,430 | 1,216,438 |
Wyndham Destinations, Inc. | 34,796 | 1,388,360 |
Wynn Resorts Ltd. | 22,222 | 2,399,532 |
Yum China Holdings, Inc. | 68,910 | 3,017,569 |
Yum! Brands, Inc. | 76,206 | 6,801,386 |
96,272,212 | ||
Diversified Financials 5.3% | ||
Affiliated Managers Group, Inc. | 17,965 | 1,351,327 |
AGNC Investment Corp. | 87,452 | 1,490,182 |
Ally Financial, Inc. | 296,134 | 7,424,079 |
American Express Co. | 179,401 | 19,721,552 |
Ameriprise Financial, Inc. | 55,628 | 7,860,236 |
Annaly Capital Management, Inc. | 318,523 | 2,822,114 |
Berkshire Hathaway, Inc., Class B * | 369,404 | 76,222,821 |
BlackRock, Inc. | 20,538 | 9,509,299 |
Capital One Financial Corp. | 242,752 | 21,425,292 |
CME Group, Inc. | 24,780 | 4,926,760 |
Discover Financial Services | 153,051 | 10,037,085 |
FactSet Research Systems, Inc. | 5,077 | 1,350,431 |
Franklin Resources, Inc. | 185,611 | 4,038,895 |
Intercontinental Exchange, Inc. | 37,573 | 3,352,263 |
Invesco Ltd. | 223,724 | 3,221,626 |
Janus Henderson Group plc | 54,158 | 1,148,150 |
Jefferies Financial Group, Inc. | 101,926 | 2,008,961 |
Lazard Ltd., Class A | 37,587 | 1,346,366 |
Legg Mason, Inc. | 60,125 | 2,995,428 |
LPL Financial Holdings, Inc. | 18,739 | 1,489,376 |
Moody's Corp. | 17,777 | 4,267,013 |
Morgan Stanley | 287,254 | 12,935,048 |
MSCI, Inc. | 6,496 | 1,919,178 |
Nasdaq, Inc. | 14,520 | 1,489,026 |
Navient Corp. | 279,173 | 3,135,113 |
New Residential Investment Corp. | 90,247 | 1,404,243 |
Northern Trust Corp. | 31,945 | 2,803,493 |
Raymond James Financial, Inc. | 18,968 | 1,586,294 |
S&P Global, Inc. | 22,260 | 5,919,157 |
Santander Consumer USA Holdings, Inc. | 59,317 | 1,447,335 |
SEI Investments Co. | 23,104 | 1,264,020 |
Starwood Property Trust, Inc. | 53,905 | 1,195,613 |
State Street Corp. | 123,773 | 8,430,179 |
Synchrony Financial | 294,664 | 8,574,722 |
T. Rowe Price Group, Inc. | 57,389 | 6,772,476 |
TD Ameritrade Holding Corp. | 32,194 | 1,359,553 |
The Bank of New York Mellon Corp. | 241,707 | 9,644,109 |
The Charles Schwab Corp. (a) | 90,037 | 3,669,008 |
The Goldman Sachs Group, Inc. | 136,362 | 27,377,399 |
Voya Financial, Inc. | 68,249 | 3,592,627 |
Waddell & Reed Financial, Inc., Class A | 73,776 | 1,015,158 |
293,543,007 | ||
Energy 7.3% | ||
Antero Resources Corp. * | 377,607 | 604,171 |
Apache Corp. | 180,110 | 4,488,341 |
Baker Hughes Co. | 371,421 | 5,976,164 |
Cabot Oil & Gas Corp. | 60,708 | 845,662 |
Chevron Corp. | 797,200 | 74,410,648 |
Concho Resources, Inc. | 25,075 | 1,705,601 |
ConocoPhillips | 434,470 | 21,037,037 |
Devon Energy Corp. | 119,397 | 1,939,007 |
EOG Resources, Inc. | 104,026 | 6,580,685 |
Exxon Mobil Corp. | 2,218,925 | 114,141,502 |
Halliburton Co. | 413,144 | 7,006,922 |
Security | Number of Shares | Value ($) |
Helmerich & Payne, Inc. | 59,073 | 2,179,203 |
Hess Corp. | 99,876 | 5,611,034 |
HollyFrontier Corp. | 122,180 | 4,115,022 |
Kinder Morgan, Inc. | 621,390 | 11,912,046 |
Marathon Oil Corp. | 420,018 | 3,477,749 |
Marathon Petroleum Corp. | 372,818 | 17,679,030 |
Murphy Oil Corp. | 141,451 | 2,666,351 |
Nabors Industries Ltd. | 844,222 | 1,485,831 |
National Oilwell Varco, Inc. | 367,084 | 6,868,142 |
Noble Corp. plc * | 1,311,135 | 919,368 |
Noble Energy, Inc. | 151,812 | 2,403,184 |
Occidental Petroleum Corp. | 420,098 | 13,754,008 |
Oceaneering International, Inc. * | 126,405 | 1,332,309 |
ONEOK, Inc. | 56,467 | 3,767,478 |
Patterson-UTI Energy, Inc. | 146,542 | 839,686 |
PBF Energy, Inc., Class A | 114,036 | 2,553,266 |
Phillips 66 | 308,286 | 23,078,290 |
Pioneer Natural Resources Co. | 23,144 | 2,841,620 |
QEP Resources, Inc. | 255,277 | 574,373 |
Range Resources Corp. | 227,823 | 631,070 |
Schlumberger Ltd. | 642,855 | 17,414,942 |
SM Energy Co. | 106,077 | 696,926 |
Targa Resources Corp. | 77,647 | 2,515,763 |
The Williams Cos., Inc. | 260,751 | 4,967,307 |
Transocean Ltd. * | 589,126 | 1,973,572 |
Valaris plc *(b) | 387,653 | 1,430,440 |
Valero Energy Corp. | 406,312 | 26,918,170 |
World Fuel Services Corp. | 176,656 | 4,995,832 |
408,337,752 | ||
Food & Staples Retailing 3.1% | ||
Casey's General Stores, Inc. | 14,245 | 2,322,220 |
Costco Wholesale Corp. | 115,550 | 32,485,727 |
Performance Food Group Co. * | 47,893 | 2,030,663 |
Rite Aid Corp. *(b) | 266,487 | 3,629,553 |
SpartanNash Co. | 101,856 | 1,266,070 |
Sysco Corp. | 122,610 | 8,171,957 |
The Kroger Co. | 741,572 | 20,860,420 |
US Foods Holding Corp. * | 106,747 | 3,590,969 |
Walgreens Boots Alliance, Inc. | 485,915 | 22,235,471 |
Walmart, Inc. | 703,303 | 75,731,667 |
172,324,717 | ||
Food, Beverage & Tobacco 4.4% | ||
Altria Group, Inc. | 537,526 | 21,699,925 |
Archer-Daniels-Midland Co. | 551,028 | 20,746,204 |
Brown-Forman Corp., Class B | 29,749 | 1,826,886 |
Bunge Ltd. | 200,964 | 9,435,260 |
Campbell Soup Co. | 51,767 | 2,335,727 |
Coca-Cola European Partners plc | 37,420 | 1,906,923 |
Conagra Brands, Inc. | 159,603 | 4,259,804 |
Constellation Brands, Inc., Class A | 22,539 | 3,885,273 |
Flowers Foods, Inc. | 61,210 | 1,317,851 |
General Mills, Inc. | 191,886 | 9,402,414 |
Hormel Foods Corp. | 63,040 | 2,622,464 |
Ingredion, Inc. | 35,236 | 2,935,159 |
Kellogg Co. | 70,187 | 4,244,208 |
McCormick & Co., Inc. Non-Voting Shares | 12,443 | 1,819,042 |
Molson Coors Beverage Co., Class B | 59,591 | 2,956,309 |
Mondelez International, Inc., Class A | 386,817 | 20,423,938 |
Monster Beverage Corp. * | 36,170 | 2,257,370 |
PepsiCo, Inc. | 274,300 | 36,215,829 |
Philip Morris International, Inc. | 420,661 | 34,439,516 |
Sanderson Farms, Inc. | 10,680 | 1,319,621 |
The Coca-Cola Co. | 667,229 | 35,690,079 |
The Hershey Co. | 21,608 | 3,111,336 |
Security | Number of Shares | Value ($) |
The J.M. Smucker Co. | 39,413 | 4,059,145 |
The Kraft Heinz Co. | 265,138 | 6,567,468 |
Tyson Foods, Inc., Class A | 119,397 | 8,098,698 |
243,576,449 | ||
Health Care Equipment & Services 5.8% | ||
Abbott Laboratories | 185,123 | 14,260,025 |
AmerisourceBergen Corp. | 60,323 | 5,086,435 |
Anthem, Inc. | 91,266 | 23,463,576 |
Baxter International, Inc. | 56,262 | 4,696,189 |
Becton Dickinson & Co. | 21,278 | 5,060,334 |
Boston Scientific Corp. * | 66,005 | 2,467,927 |
Cardinal Health, Inc. | 266,544 | 13,892,273 |
Centene Corp. * | 120,815 | 6,405,611 |
Cerner Corp. | 49,861 | 3,453,872 |
Cigna Corp. | 48,781 | 8,923,996 |
Covetrus, Inc. * | 38,019 | 422,391 |
CVS Health Corp. | 868,774 | 51,414,045 |
Danaher Corp. | 54,688 | 7,906,791 |
DaVita, Inc. * | 70,639 | 5,482,999 |
DENTSPLY SIRONA, Inc. | 39,340 | 1,937,102 |
Edwards Lifesciences Corp. * | 8,922 | 1,827,583 |
Encompass Health Corp. | 20,108 | 1,504,883 |
HCA Healthcare, Inc. | 82,546 | 10,484,168 |
Henry Schein, Inc. * | 48,547 | 2,958,454 |
Hologic, Inc. * | 28,620 | 1,348,574 |
Humana, Inc. | 51,716 | 16,532,571 |
Intuitive Surgical, Inc. * | 6,567 | 3,506,515 |
Laboratory Corp. of America Holdings * | 20,634 | 3,625,187 |
Magellan Health, Inc. * | 19,869 | 1,192,339 |
McKesson Corp. | 144,996 | 20,279,141 |
MEDNAX, Inc. * | 62,572 | 1,069,356 |
Medtronic plc | 239,600 | 24,120,532 |
Molina Healthcare, Inc. * | 11,146 | 1,365,942 |
Patterson Cos., Inc. | 77,033 | 1,832,615 |
Quest Diagnostics, Inc. | 50,136 | 5,317,424 |
ResMed, Inc. | 12,800 | 2,034,688 |
STERIS plc | 9,446 | 1,498,325 |
Stryker Corp. | 31,686 | 6,039,035 |
Tenet Healthcare Corp. * | 77,144 | 2,027,344 |
The Cooper Cos., Inc. | 4,177 | 1,355,729 |
UnitedHealth Group, Inc. | 191,920 | 48,931,923 |
Universal Health Services, Inc., Class B | 29,119 | 3,603,185 |
Varian Medical Systems, Inc. * | 15,287 | 1,879,842 |
Zimmer Biomet Holdings, Inc. | 29,172 | 3,971,768 |
323,180,689 | ||
Household & Personal Products 1.6% | ||
Church & Dwight Co., Inc. | 37,616 | 2,615,064 |
Colgate-Palmolive Co. | 148,585 | 10,039,888 |
Coty, Inc., Class A | 115,986 | 1,070,551 |
Herbalife Nutrition Ltd. * | 28,724 | 929,509 |
Kimberly-Clark Corp. | 63,705 | 8,357,459 |
Nu Skin Enterprises, Inc., Class A | 30,625 | 750,925 |
The Clorox Co. | 18,742 | 2,987,850 |
The Estee Lauder Cos., Inc., Class A | 22,374 | 4,107,866 |
The Procter & Gamble Co. | 514,517 | 58,258,760 |
89,117,872 | ||
Insurance 3.6% | ||
Aflac, Inc. | 225,898 | 9,679,729 |
Alleghany Corp. * | 3,081 | 2,071,202 |
American Financial Group, Inc. | 17,722 | 1,637,867 |
American International Group, Inc. | 707,353 | 29,822,002 |
Aon plc | 45,760 | 9,518,080 |
Security | Number of Shares | Value ($) |
Arch Capital Group Ltd. * | 47,132 | 1,905,547 |
Arthur J. Gallagher & Co. | 25,329 | 2,469,324 |
Assurant, Inc. | 20,743 | 2,501,398 |
Assured Guaranty Ltd. | 62,558 | 2,552,992 |
Athene Holding Ltd., Class A * | 30,265 | 1,248,431 |
Axis Capital Holdings Ltd. | 33,213 | 1,863,914 |
Chubb Ltd. | 80,763 | 11,713,058 |
Cincinnati Financial Corp. | 26,150 | 2,438,226 |
CNO Financial Group, Inc. | 116,691 | 1,869,390 |
Everest Re Group Ltd. | 14,934 | 3,701,840 |
Fidelity National Financial, Inc. | 65,444 | 2,536,609 |
First American Financial Corp. | 30,471 | 1,739,894 |
Genworth Financial, Inc., Class A * | 472,077 | 1,841,100 |
Globe Life, Inc. | 23,406 | 2,168,800 |
Lincoln National Corp. | 78,597 | 3,567,518 |
Loews Corp. | 111,797 | 5,101,297 |
Markel Corp. * | 1,644 | 1,942,550 |
Marsh & McLennan Cos., Inc. | 86,464 | 9,040,676 |
MetLife, Inc. | 279,553 | 11,942,504 |
Old Republic International Corp. | 89,291 | 1,760,819 |
Principal Financial Group, Inc. | 79,894 | 3,546,495 |
Prudential Financial, Inc. | 143,022 | 10,791,010 |
Reinsurance Group of America, Inc. | 17,800 | 2,172,134 |
RenaissanceRe Holdings Ltd. | 9,879 | 1,683,382 |
The Allstate Corp. | 127,319 | 13,400,325 |
The Hanover Insurance Group, Inc. | 9,946 | 1,178,999 |
The Hartford Financial Services Group, Inc. | 113,789 | 5,683,761 |
The Progressive Corp. | 91,709 | 6,709,430 |
The Travelers Cos., Inc. | 157,297 | 18,845,754 |
Unum Group | 91,954 | 2,143,448 |
W.R. Berkley Corp. | 32,817 | 2,203,333 |
White Mountains Insurance Group Ltd. | 1,628 | 1,611,883 |
Willis Towers Watson plc | 14,517 | 2,747,342 |
199,352,063 | ||
Materials 3.1% | ||
Air Products & Chemicals, Inc. | 29,041 | 6,377,694 |
Albemarle Corp. | 30,844 | 2,524,581 |
Alcoa Corp. * | 152,017 | 2,108,476 |
AptarGroup, Inc. | 10,937 | 1,105,403 |
Ashland Global Holdings, Inc. | 20,076 | 1,436,237 |
Avery Dennison Corp. | 19,554 | 2,238,737 |
Ball Corp. | 38,546 | 2,715,951 |
Berry Global Group, Inc. * | 28,473 | 1,080,835 |
Celanese Corp. | 30,269 | 2,837,416 |
CF Industries Holdings, Inc. | 76,499 | 2,819,753 |
Commercial Metals Co. | 101,696 | 1,856,969 |
Corteva, Inc. * | 240,587 | 6,543,966 |
Crown Holdings, Inc. * | 24,974 | 1,760,667 |
Domtar Corp. | 53,562 | 1,540,979 |
Dow, Inc. | 241,492 | 9,758,692 |
DuPont de Nemours, Inc. | 236,122 | 10,129,634 |
Eastman Chemical Co. | 68,183 | 4,193,936 |
Ecolab, Inc. | 36,776 | 6,636,229 |
FMC Corp. | 15,059 | 1,401,993 |
Freeport-McMoRan, Inc. | 529,179 | 5,270,623 |
Graphic Packaging Holding Co. | 121,370 | 1,640,922 |
Huntsman Corp. | 105,794 | 2,003,738 |
International Flavors & Fragrances, Inc. (b) | 14,459 | 1,731,899 |
International Paper Co. | 175,649 | 6,491,987 |
Linde plc | 69,076 | 13,194,207 |
LyondellBasell Industries N.V., Class A | 240,887 | 17,213,785 |
Martin Marietta Materials, Inc. | 10,315 | 2,346,972 |
Newmont Corp. | 112,406 | 5,016,680 |
Nucor Corp. | 153,805 | 6,359,837 |
O-I Glass, Inc. | 122,791 | 1,326,143 |
Security | Number of Shares | Value ($) |
Olin Corp. | 72,537 | 1,174,374 |
Packaging Corp. of America | 27,224 | 2,467,039 |
PPG Industries, Inc. | 70,226 | 7,335,106 |
Reliance Steel & Aluminum Co. | 40,495 | 4,142,234 |
RPM International, Inc. | 28,251 | 1,811,172 |
Sealed Air Corp. | 64,530 | 1,955,904 |
Sonoco Products Co. | 32,568 | 1,570,103 |
Steel Dynamics, Inc. | 95,273 | 2,537,120 |
The Mosaic Co. | 283,412 | 4,826,506 |
The Sherwin-Williams Co. | 9,581 | 4,950,982 |
United States Steel Corp. (b) | 146,199 | 1,172,516 |
Vulcan Materials Co. | 15,484 | 1,862,106 |
Westrock Co. | 144,267 | 4,796,878 |
172,266,981 | ||
Media & Entertainment 4.5% | ||
Activision Blizzard, Inc. | 140,022 | 8,139,479 |
Alphabet, Inc., Class A * | 23,969 | 32,100,483 |
Alphabet, Inc., Class C * | 24,295 | 32,539,022 |
Altice USA, Inc., Class A * | 91,522 | 2,366,759 |
Charter Communications, Inc., Class A * | 25,438 | 12,545,258 |
Cinemark Holdings, Inc. | 35,520 | 922,099 |
Comcast Corp., Class A | 1,146,201 | 46,340,906 |
Discovery, Inc., Class A * | 40,913 | 1,051,464 |
Discovery, Inc., Class C * | 90,327 | 2,267,208 |
DISH Network Corp., Class A * | 70,265 | 2,355,283 |
Electronic Arts, Inc. * | 34,187 | 3,465,536 |
Facebook, Inc., Class A * | 101,814 | 19,596,141 |
Fox Corp., Class A | 89,297 | 2,744,990 |
Fox Corp., Class B | 41,163 | 1,253,413 |
IAC/InterActiveCorp * | 5,747 | 1,172,043 |
Liberty Global plc, Class A * | 103,849 | 2,027,133 |
Liberty Global plc, Class C * | 270,019 | 5,019,653 |
Liberty Media Corp. - Liberty SiriusXM, Class A * | 42,067 | 1,879,133 |
Liberty Media Corp. - Liberty SiriusXM, Class C * | 82,843 | 3,696,455 |
Netflix, Inc. * | 3,676 | 1,356,554 |
News Corp., Class A | 173,350 | 2,093,201 |
News Corp., Class B | 52,959 | 658,810 |
Omnicom Group, Inc. | 59,051 | 4,091,053 |
The Interpublic Group of Cos., Inc. | 104,077 | 2,223,085 |
The Walt Disney Co. | 387,035 | 45,534,668 |
ViacomCBS, Inc., Class B | 417,670 | 10,278,859 |
247,718,688 | ||
Pharmaceuticals, Biotechnology & Life Sciences 6.3% | ||
AbbVie, Inc. | 311,437 | 26,693,265 |
Agilent Technologies, Inc. | 37,952 | 2,924,961 |
Alexion Pharmaceuticals, Inc. * | 18,508 | 1,740,307 |
Allergan plc | 54,116 | 10,318,298 |
Amgen, Inc. | 129,332 | 25,831,480 |
Biogen, Inc. * | 34,101 | 10,516,407 |
Bristol-Myers Squibb Co. | 418,125 | 24,694,463 |
Eli Lilly & Co. | 105,893 | 13,356,284 |
Gilead Sciences, Inc. | 517,574 | 35,898,933 |
Illumina, Inc. * | 4,962 | 1,318,255 |
IQVIA Holdings, Inc. * | 22,092 | 3,081,613 |
Johnson & Johnson | 516,290 | 69,430,679 |
Mallinckrodt plc *(b) | 357,380 | 1,529,586 |
Merck & Co., Inc. | 530,246 | 40,595,634 |
Mettler-Toledo International, Inc. * | 2,650 | 1,859,505 |
Mylan N.V. * | 209,886 | 3,607,940 |
Perrigo Co., plc | 32,261 | 1,635,310 |
Pfizer, Inc. | 1,621,369 | 54,186,152 |
Regeneron Pharmaceuticals, Inc. * | 6,443 | 2,864,365 |
Security | Number of Shares | Value ($) |
Thermo Fisher Scientific, Inc. | 33,212 | 9,658,050 |
United Therapeutics Corp. * | 21,442 | 2,207,668 |
Waters Corp. * | 8,481 | 1,652,862 |
Zoetis, Inc. | 26,675 | 3,553,910 |
349,155,927 | ||
Real Estate 1.8% | ||
Alexandria Real Estate Equities, Inc. | 8,753 | 1,329,406 |
American Tower Corp. | 25,571 | 5,799,503 |
AvalonBay Communities, Inc. | 14,181 | 2,844,567 |
Boston Properties, Inc. | 26,203 | 3,378,615 |
Brixmor Property Group, Inc. | 80,411 | 1,464,284 |
Camden Property Trust | 12,572 | 1,332,380 |
CBRE Group, Inc., Class A * | 54,936 | 3,084,107 |
CoreCivic, Inc. | 94,669 | 1,402,048 |
Crown Castle International Corp. | 38,403 | 5,502,766 |
Digital Realty Trust, Inc. | 22,093 | 2,653,590 |
Diversified Healthcare Trust | 161,207 | 1,013,992 |
Duke Realty Corp. | 42,951 | 1,394,619 |
Equinix, Inc. | 6,087 | 3,486,634 |
Equity Residential | 48,076 | 3,610,508 |
Essex Property Trust, Inc. | 5,769 | 1,634,704 |
Healthpeak Properties, Inc. | 83,276 | 2,634,853 |
Host Hotels & Resorts, Inc. | 255,340 | 3,697,323 |
Iron Mountain, Inc. | 84,575 | 2,571,926 |
Jones Lang LaSalle, Inc. | 14,591 | 2,156,112 |
Kimco Realty Corp. | 79,997 | 1,387,948 |
Lamar Advertising Co., Class A | 15,569 | 1,303,748 |
Mid-America Apartment Communities, Inc. | 12,732 | 1,645,738 |
Outfront Media, Inc. | 52,838 | 1,391,753 |
Park Hotels & Resorts, Inc. | 75,827 | 1,384,601 |
Prologis, Inc. | 57,490 | 4,845,257 |
Public Storage | 13,613 | 2,846,750 |
Realogy Holdings Corp. | 223,379 | 2,070,723 |
Realty Income Corp. | 21,959 | 1,589,612 |
Service Properties Trust | 75,348 | 1,362,292 |
Simon Property Group, Inc. | 43,591 | 5,365,180 |
SL Green Realty Corp. | 21,074 | 1,653,044 |
The Macerich Co. | 47,923 | 978,588 |
UDR, Inc. | 29,148 | 1,311,077 |
Ventas, Inc. | 71,000 | 3,817,670 |
VEREIT, Inc. | 212,017 | 1,836,067 |
Vornado Realty Trust | 31,236 | 1,673,625 |
Welltower, Inc. | 68,307 | 5,110,730 |
Weyerhaeuser Co. | 197,503 | 5,131,128 |
WP Carey, Inc. | 14,981 | 1,159,679 |
98,857,147 | ||
Retailing 5.2% | ||
Aaron's, Inc. | 22,559 | 887,245 |
Abercrombie & Fitch Co., Class A | 80,282 | 1,054,103 |
Advance Auto Parts, Inc. | 17,774 | 2,363,587 |
Amazon.com, Inc. * | 11,124 | 20,954,835 |
American Eagle Outfitters, Inc. | 100,708 | 1,297,119 |
AutoNation, Inc. * | 46,167 | 1,972,716 |
AutoZone, Inc. * | 2,608 | 2,692,786 |
Bed Bath & Beyond, Inc. (b) | 523,487 | 5,658,894 |
Best Buy Co., Inc. | 140,438 | 10,624,135 |
Big Lots, Inc. | 73,507 | 1,162,146 |
Booking Holdings, Inc. * | 5,330 | 9,037,868 |
CarMax, Inc. * | 54,003 | 4,715,002 |
Chico's FAS, Inc. | 337,279 | 1,352,489 |
Core-Mark Holding Co., Inc. | 64,343 | 1,480,532 |
Designer Brands, Inc., Class A | 65,738 | 888,120 |
Dick's Sporting Goods, Inc. | 63,952 | 2,328,492 |
Security | Number of Shares | Value ($) |
Dillard's, Inc., Class A (b) | 20,919 | 1,177,531 |
Dollar General Corp. | 73,103 | 10,987,381 |
Dollar Tree, Inc. * | 52,743 | 4,379,251 |
eBay, Inc. | 218,062 | 7,553,668 |
Expedia Group, Inc. | 20,262 | 1,998,238 |
Foot Locker, Inc. | 86,596 | 3,139,105 |
GameStop Corp., Class A (b) | 540,224 | 1,944,806 |
Genuine Parts Co. | 48,841 | 4,260,889 |
Group 1 Automotive, Inc. | 20,343 | 1,733,834 |
Kohl's Corp. | 167,133 | 6,543,257 |
L Brands, Inc. | 192,621 | 4,172,171 |
Lithia Motors, Inc., Class A | 10,852 | 1,293,124 |
LKQ Corp. * | 89,987 | 2,661,815 |
Lowe's Cos., Inc. | 229,907 | 24,501,189 |
Macy's, Inc. | 449,119 | 5,941,844 |
Murphy USA, Inc. * | 28,447 | 2,773,583 |
Nordstrom, Inc. | 97,767 | 3,392,515 |
O'Reilly Automotive, Inc. * | 13,989 | 5,158,024 |
Office Depot, Inc. | 1,130,642 | 2,657,009 |
Penske Automotive Group, Inc. | 26,623 | 1,225,190 |
Qurate Retail, Inc., Series A * | 418,332 | 2,853,024 |
Ross Stores, Inc. | 56,625 | 6,159,668 |
Sally Beauty Holdings, Inc. * | 87,251 | 1,085,402 |
Signet Jewelers Ltd. | 151,816 | 3,540,349 |
Target Corp. | 276,943 | 28,525,129 |
The Gap, Inc. | 231,108 | 3,311,778 |
The Home Depot, Inc. | 216,012 | 47,056,054 |
The TJX Cos., Inc. | 287,692 | 17,203,982 |
Tiffany & Co. | 29,700 | 3,967,623 |
Tractor Supply Co. | 32,807 | 2,903,748 |
Ulta Salon, Cosmetics & Fragrance, Inc. * | 6,541 | 1,681,626 |
Urban Outfitters, Inc. * | 59,542 | 1,399,832 |
Williams-Sonoma, Inc. | 35,549 | 2,217,902 |
287,870,610 | ||
Semiconductors & Semiconductor Equipment 3.7% | ||
Analog Devices, Inc. | 33,123 | 3,612,063 |
Applied Materials, Inc. | 184,306 | 10,711,865 |
Broadcom, Inc. | 23,481 | 6,401,390 |
First Solar, Inc. * | 23,998 | 1,098,388 |
Intel Corp. | 1,262,381 | 70,087,393 |
KLA Corp. | 31,620 | 4,860,310 |
Lam Research Corp. | 20,828 | 6,111,560 |
Marvell Technology Group Ltd. | 80,634 | 1,717,504 |
Maxim Integrated Products, Inc. | 45,537 | 2,532,768 |
Microchip Technology, Inc. | 25,699 | 2,331,156 |
Micron Technology, Inc. * | 236,200 | 12,414,672 |
NVIDIA Corp. | 34,386 | 9,286,627 |
NXP Semiconductor N.V. | 46,513 | 5,288,063 |
ON Semiconductor Corp. * | 77,613 | 1,448,259 |
Qorvo, Inc. * | 30,127 | 3,030,174 |
QUALCOMM, Inc. | 467,029 | 36,568,371 |
Skyworks Solutions, Inc. | 42,431 | 4,250,738 |
Texas Instruments, Inc. | 164,145 | 18,735,510 |
Xilinx, Inc. | 30,237 | 2,524,487 |
203,011,298 | ||
Software & Services 6.6% | ||
Accenture plc, Class A | 84,466 | 15,253,715 |
Adobe, Inc. * | 15,744 | 5,433,569 |
Akamai Technologies, Inc. * | 25,064 | 2,168,287 |
Alliance Data Systems Corp. | 23,730 | 2,037,932 |
Amdocs Ltd. | 44,972 | 2,866,965 |
ANSYS, Inc. * | 6,369 | 1,542,508 |
Autodesk, Inc. * | 8,254 | 1,575,524 |
Automatic Data Processing, Inc. | 45,249 | 7,001,830 |
Security | Number of Shares | Value ($) |
Booz Allen Hamilton Holding Corp. | 23,439 | 1,671,201 |
Broadridge Financial Solutions, Inc. | 15,271 | 1,593,682 |
CACI International, Inc., Class A * | 5,766 | 1,412,785 |
Cadence Design Systems, Inc. * | 18,936 | 1,252,427 |
CDK Global, Inc. | 24,736 | 1,138,351 |
Check Point Software Technologies Ltd. * | 17,403 | 1,806,431 |
Citrix Systems, Inc. | 26,464 | 2,736,113 |
Cognizant Technology Solutions Corp., Class A | 128,941 | 7,856,375 |
Conduent, Inc. * | 211,528 | 691,697 |
DXC Technology Co. | 96,391 | 2,323,987 |
Fidelity National Information Services, Inc. | 50,297 | 7,027,497 |
Fiserv, Inc. * | 76,766 | 8,395,130 |
FleetCor Technologies, Inc. * | 5,127 | 1,362,705 |
Global Payments, Inc. | 24,897 | 4,580,301 |
International Business Machines Corp. | 441,535 | 57,465,780 |
Intuit, Inc. | 20,198 | 5,369,638 |
Jack Henry & Associates, Inc. | 9,735 | 1,477,189 |
Leidos Holdings, Inc. | 35,449 | 3,638,840 |
Mastercard, Inc., Class A | 51,303 | 14,890,696 |
Microsoft Corp. | 790,519 | 128,071,983 |
NortonLifeLock, Inc. | 217,641 | 4,141,708 |
Oracle Corp. | 609,870 | 30,164,170 |
Paychex, Inc. | 40,302 | 3,122,599 |
PayPal Holdings, Inc. * | 50,043 | 5,404,144 |
Perspecta, Inc. | 51,955 | 1,297,316 |
Sabre Corp. | 59,765 | 813,700 |
salesforce.com, Inc. * | 12,815 | 2,183,676 |
Synopsys, Inc. * | 11,093 | 1,530,058 |
Teradata Corp. * | 54,513 | 1,086,989 |
The Western Union Co. | 153,123 | 3,428,424 |
VeriSign, Inc. * | 6,352 | 1,205,292 |
Visa, Inc., Class A | 115,968 | 21,078,344 |
368,099,558 | ||
Technology Hardware & Equipment 8.3% | ||
Amphenol Corp., Class A | 39,670 | 3,636,946 |
Anixter International, Inc. * | 21,330 | 2,079,888 |
Apple, Inc. | 1,122,920 | 306,961,411 |
Arrow Electronics, Inc. * | 68,564 | 4,597,902 |
Avnet, Inc. | 153,074 | 4,696,310 |
CDW Corp. | 22,221 | 2,538,083 |
Cisco Systems, Inc. | 933,764 | 37,285,196 |
CommScope Holding Co., Inc. * | 106,484 | 1,172,389 |
Corning, Inc. | 401,929 | 9,590,026 |
Dell Technologies, Inc., Class C * | 26,290 | 1,063,693 |
F5 Networks, Inc. * | 16,238 | 1,947,748 |
Flex Ltd. * | 381,235 | 4,235,521 |
FLIR Systems, Inc. | 23,290 | 989,126 |
Hewlett Packard Enterprise Co. | 969,149 | 12,395,416 |
HP, Inc. | 461,281 | 9,590,032 |
Jabil, Inc. | 122,494 | 3,925,933 |
Juniper Networks, Inc. | 187,138 | 3,971,068 |
Keysight Technologies, Inc. * | 13,630 | 1,291,579 |
Motorola Solutions, Inc. | 41,750 | 6,917,140 |
NCR Corp. * | 51,466 | 1,296,943 |
NetApp, Inc. | 83,425 | 3,897,616 |
Sanmina Corp. * | 59,502 | 1,564,308 |
Seagate Technology plc | 165,831 | 7,951,596 |
SYNNEX Corp. | 22,178 | 2,772,915 |
TE Connectivity Ltd. | 76,466 | 6,336,737 |
Tech Data Corp. * | 37,599 | 5,353,722 |
Trimble, Inc. * | 35,081 | 1,384,998 |
Western Digital Corp. | 157,185 | 8,733,199 |
Xerox Holdings Corp. | 101,139 | 3,256,676 |
461,434,117 | ||
Security | Number of Shares | Value ($) |
Telecommunication Services 3.8% | ||
AT&T, Inc. | 3,032,250 | 106,795,845 |
CenturyLink, Inc. | 1,058,543 | 12,776,614 |
Frontier Communications Corp. *(b) | 3,068,382 | 1,659,995 |
Sprint Corp. * | 327,732 | 3,011,857 |
T-Mobile US, Inc. * | 66,865 | 6,028,548 |
Telephone & Data Systems, Inc. | 74,884 | 1,508,164 |
Verizon Communications, Inc. | 1,458,553 | 78,995,230 |
210,776,253 | ||
Transportation 2.1% | ||
American Airlines Group, Inc. | 121,431 | 2,313,260 |
Avis Budget Group, Inc. * | 106,637 | 3,452,373 |
C.H. Robinson Worldwide, Inc. | 52,790 | 3,637,231 |
CSX Corp. | 157,076 | 11,066,004 |
Delta Air Lines, Inc. | 66,206 | 3,054,083 |
Expeditors International of Washington, Inc. | 52,961 | 3,729,514 |
FedEx Corp. | 122,585 | 17,305,324 |
Hertz Global Holdings, Inc. * | 213,352 | 2,728,772 |
J.B. Hunt Transport Services, Inc. | 22,853 | 2,203,943 |
Kansas City Southern | 20,738 | 3,124,802 |
Kirby Corp. * | 16,530 | 1,053,787 |
Knight-Swift Transportation Holdings, Inc. | 36,974 | 1,180,950 |
Landstar System, Inc. | 11,841 | 1,195,586 |
Macquarie Infrastructure Corp. | 34,064 | 1,337,012 |
Norfolk Southern Corp. | 56,671 | 10,333,957 |
Old Dominion Freight Line, Inc. | 9,548 | 1,850,402 |
Ryder System, Inc. | 53,584 | 2,038,335 |
Southwest Airlines Co. | 53,819 | 2,485,900 |
Union Pacific Corp. | 164,527 | 26,293,060 |
United Airlines Holdings, Inc. * | 30,169 | 1,858,109 |
United Parcel Service, Inc., Class B | 127,387 | 11,527,250 |
XPO Logistics, Inc. * | 26,244 | 1,941,269 |
115,710,923 | ||
Utilities 3.8% | ||
AES Corp. | 367,058 | 6,140,880 |
Alliant Energy Corp. | 44,957 | 2,343,159 |
Ameren Corp. | 59,690 | 4,715,510 |
American Electric Power Co., Inc. | 122,209 | 10,908,375 |
American Water Works Co., Inc. | 25,796 | 3,189,933 |
Atmos Energy Corp. | 18,678 | 1,928,504 |
CenterPoint Energy, Inc. | 152,153 | 3,502,562 |
CMS Energy Corp. | 65,082 | 3,932,254 |
Consolidated Edison, Inc. | 95,041 | 7,491,132 |
Dominion Energy, Inc. | 137,876 | 10,779,146 |
DTE Energy Co. | 45,484 | 5,079,198 |
Duke Energy Corp. | 225,621 | 20,689,446 |
Edison International | 110,726 | 7,439,680 |
Entergy Corp. | 56,265 | 6,577,941 |
Eversource Energy | 71,422 | 6,175,146 |
Exelon Corp. | 346,515 | 14,938,262 |
FirstEnergy Corp. | 81,878 | 3,646,027 |
NextEra Energy, Inc. | 70,120 | 17,723,531 |
NiSource, Inc. | 77,345 | 2,089,862 |
NRG Energy, Inc. | 47,155 | 1,566,018 |
OGE Energy Corp. | 44,692 | 1,702,765 |
PG&E Corp. * | 846,759 | 13,124,764 |
Pinnacle West Capital Corp. | 30,879 | 2,763,362 |
Portland General Electric Co. | 23,361 | 1,271,072 |
PPL Corp. | 249,176 | 7,477,772 |
Public Service Enterprise Group, Inc. | 136,177 | 6,987,242 |
Sempra Energy | 50,900 | 7,114,802 |
The Southern Co. | 262,774 | 15,861,039 |
Security | Number of Shares | Value ($) |
UGI Corp. | 56,610 | 2,040,224 |
Vistra Energy Corp. | 112,020 | 2,154,145 |
WEC Energy Group, Inc. | 55,139 | 5,090,984 |
Xcel Energy, Inc. | 119,403 | 7,441,195 |
213,885,932 | ||
Total Common Stock | ||
(Cost $5,300,726,417) | 5,541,170,587 | |
Other Investment Companies 0.3% of net assets | ||
Money Market Fund 0.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.53% (c) | 1,793,521 | 1,793,521 |
Securities Lending Collateral 0.3% | ||
Wells Fargo Government Money Market Fund, Select Class 1.52% (c) | 15,731,340 | 15,731,340 |
Total Other Investment Companies | ||
(Cost $17,524,861) | 17,524,861 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
Long | ||||||
S&P 500 Index, e-mini, expires 03/20/20 | 109 | 16,083,495 | (1,970,922) |
* | Non-income producing security. |
(a) | Issuer is affiliated with the fund’s adviser. |
(b) | All or a portion of this security is on loan. Securities on loan were valued at $15,295,761. |
(c) | The rate shown is the 7-day yield. |
Security | Number of Shares | Value ($) |
Common Stock 99.8% of net assets | ||
Automobiles & Components 1.7% | ||
American Axle & Manufacturing Holdings, Inc. * | 836,342 | 5,294,045 |
Cooper-Standard Holding, Inc. * | 188,057 | 3,249,625 |
Delphi Technologies plc * | 559,167 | 7,895,438 |
Dorman Products, Inc. * | 46,199 | 2,801,507 |
Garrett Motion, Inc. * | 278,814 | 1,934,969 |
Gentherm, Inc. * | 73,575 | 3,000,389 |
LCI Industries | 65,524 | 6,326,342 |
Modine Manufacturing Co. * | 235,081 | 1,753,704 |
Standard Motor Products, Inc. | 67,873 | 2,986,412 |
Stoneridge, Inc. * | 54,606 | 1,206,793 |
Superior Industries International, Inc. | 575,378 | 1,495,983 |
Tenneco, Inc., Class A | 631,214 | 5,788,232 |
Tesla, Inc. * | 11,459 | 7,654,498 |
Veoneer, Inc. * | 111,801 | 1,376,270 |
Winnebago Industries, Inc. | 79,234 | 4,111,452 |
56,875,659 | ||
Banks 7.3% | ||
Associated Banc-Corp. | 243,261 | 4,118,409 |
Atlantic Union Bankshares Corp. | 54,973 | 1,634,897 |
BancorpSouth Bank | 110,462 | 2,703,005 |
Bank of Hawaii Corp. | 55,854 | 4,156,655 |
Bank OZK | 129,384 | 3,285,060 |
BankUnited, Inc. | 167,053 | 4,961,474 |
Banner Corp. | 32,909 | 1,501,967 |
BOK Financial Corp. | 44,577 | 3,227,375 |
Boston Private Financial Holdings, Inc. | 152,237 | 1,485,072 |
Capitol Federal Financial, Inc. | 212,003 | 2,587,497 |
Cathay General Bancorp | 90,665 | 2,790,669 |
Central Pacific Financial Corp. | 60,278 | 1,441,850 |
Columbia Banking System, Inc. | 77,726 | 2,580,503 |
Commerce Bancshares, Inc. | 96,585 | 5,895,548 |
Community Bank System, Inc. | 40,975 | 2,491,690 |
Cullen/Frost Bankers, Inc. | 62,841 | 4,926,106 |
CVB Financial Corp. | 87,611 | 1,624,308 |
East West Bancorp, Inc. | 187,437 | 7,261,309 |
Essent Group Ltd. | 50,263 | 2,193,477 |
F.N.B. Corp. | 441,531 | 4,455,048 |
First BanCorp | 214,656 | 1,704,369 |
First Citizens BancShares, Inc., Class A | 7,161 | 3,246,153 |
First Commonwealth Financial Corp. | 132,716 | 1,566,049 |
First Financial Bancorp | 79,976 | 1,647,506 |
First Financial Bankshares, Inc. | 66,362 | 1,907,244 |
First Hawaiian, Inc. | 136,183 | 3,261,583 |
First Horizon National Corp. | 298,990 | 3,985,537 |
First Midwest Bancorp, Inc. | 109,552 | 1,988,369 |
Fulton Financial Corp. | 289,495 | 4,183,203 |
Glacier Bancorp, Inc. | 78,491 | 2,926,929 |
Great Western Bancorp, Inc. | 83,044 | 2,231,392 |
Hancock Whitney Corp. | 124,159 | 4,159,327 |
Hilltop Holdings, Inc. | 100,470 | 2,092,790 |
Home BancShares, Inc. | 148,033 | 2,481,033 |
Hope Bancorp, Inc. | 178,606 | 2,180,779 |
IBERIABANK Corp. | 48,019 | 2,890,264 |
Security | Number of Shares | Value ($) |
Independent Bank Corp. | 21,699 | 1,465,333 |
International Bancshares Corp. | 76,947 | 2,623,893 |
Investors Bancorp, Inc. | 312,573 | 3,294,519 |
MGIC Investment Corp. | 489,675 | 5,890,790 |
National Bank Holdings Corp., Class A | 45,555 | 1,393,527 |
NBT Bancorp, Inc. | 58,111 | 1,957,760 |
Northwest Bancshares, Inc. | 144,083 | 2,001,313 |
Ocwen Financial Corp. * | 1,835,041 | 2,293,801 |
OFG Bancorp | 91,984 | 1,539,812 |
Old National Bancorp | 178,697 | 2,816,265 |
PacWest Bancorp | 208,142 | 6,585,613 |
Park National Corp. | 20,797 | 1,815,994 |
Pinnacle Financial Partners, Inc. | 38,094 | 2,005,268 |
Popular, Inc. | 137,736 | 6,608,573 |
Prosperity Bancshares, Inc. | 98,527 | 6,364,844 |
Provident Financial Services, Inc. | 80,254 | 1,603,475 |
Radian Group, Inc. | 269,180 | 5,717,383 |
Signature Bank | 45,564 | 5,700,056 |
Simmons First National Corp., Class A | 65,342 | 1,397,012 |
South State Corp. | 32,330 | 2,202,320 |
Sterling Bancorp | 102,430 | 1,698,289 |
SVB Financial Group * | 35,766 | 7,445,051 |
Synovus Financial Corp. | 212,758 | 6,174,237 |
TCF Financial Corp. | 218,373 | 7,957,512 |
Texas Capital Bancshares, Inc. * | 51,510 | 2,425,091 |
The Bank of NT Butterfield & Son Ltd. | 66,386 | 1,837,564 |
Trustmark Corp. | 92,297 | 2,482,789 |
UMB Financial Corp. | 49,180 | 2,859,817 |
Umpqua Holdings Corp. | 377,370 | 5,807,724 |
United Bankshares, Inc. | 108,073 | 3,121,148 |
United Community Banks, Inc. | 72,141 | 1,786,933 |
Valley National Bancorp | 391,446 | 3,640,448 |
Walker & Dunlop, Inc. | 49,198 | 3,190,490 |
Washington Federal, Inc. | 160,048 | 4,799,840 |
Webster Financial Corp. | 107,784 | 4,092,558 |
WesBanco, Inc. | 50,800 | 1,554,988 |
Westamerica Bancorp | 28,081 | 1,623,643 |
Western Alliance Bancorp | 62,375 | 2,871,745 |
Wintrust Financial Corp. | 59,194 | 3,161,552 |
Zions Bancorp NA | 182,237 | 7,280,368 |
248,863,784 | ||
Capital Goods 12.4% | ||
AAON, Inc. | 40,335 | 2,218,828 |
AAR Corp. | 135,106 | 4,667,912 |
Aegion Corp. * | 166,518 | 2,998,989 |
Air Lease Corp. | 153,532 | 5,889,488 |
Aircastle Ltd. | 176,102 | 5,608,849 |
Alamo Group, Inc. | 23,175 | 2,567,095 |
Albany International Corp., Class A | 30,706 | 1,967,333 |
Allegion plc | 59,993 | 6,898,595 |
Altra Industrial Motion Corp. | 71,483 | 2,153,068 |
American Woodmark Corp. * | 25,521 | 2,137,894 |
Apogee Enterprises, Inc. | 94,892 | 2,864,789 |
Applied Industrial Technologies, Inc. | 132,936 | 7,841,895 |
Arcosa, Inc. | 223,827 | 9,615,608 |
Argan, Inc. | 43,409 | 1,811,458 |
Armstrong World Industries, Inc. | 46,816 | 4,688,622 |
Astec Industries, Inc. | 113,072 | 4,245,854 |
Security | Number of Shares | Value ($) |
Atkore International Group, Inc. * | 101,833 | 3,758,656 |
AZZ, Inc. | 76,888 | 2,836,398 |
Barnes Group, Inc. | 97,200 | 5,219,640 |
Beacon Roofing Supply, Inc. * | 208,353 | 6,188,084 |
BMC Stock Holdings, Inc. * | 198,274 | 4,863,661 |
Briggs & Stratton Corp. (a) | 555,298 | 1,760,295 |
Builders FirstSource, Inc. * | 194,748 | 4,422,727 |
BWX Technologies, Inc. | 112,572 | 6,173,448 |
Caesarstone Ltd. | 106,428 | 1,150,487 |
Chart Industries, Inc. * | 37,415 | 2,129,662 |
Colfax Corp. * | 276,051 | 9,239,427 |
Comfort Systems USA, Inc. | 82,398 | 3,478,844 |
Crane Co. | 87,492 | 5,945,081 |
Cubic Corp. | 41,437 | 2,255,830 |
Curtiss-Wright Corp. | 69,025 | 8,278,858 |
DXP Enterprises, Inc. * | 58,359 | 1,656,812 |
Dycom Industries, Inc. * | 118,408 | 3,500,140 |
Encore Wire Corp. | 73,322 | 3,590,578 |
Enerpac Tool Group Corp. | 182,469 | 3,899,363 |
EnPro Industries, Inc. | 41,678 | 2,248,528 |
ESCO Technologies, Inc. | 29,463 | 2,678,776 |
Federal Signal Corp. | 100,417 | 2,912,093 |
Franklin Electric Co., Inc. | 78,587 | 4,062,162 |
Gardner Denver Holdings, Inc. * | 63,817 | 2,092,559 |
Generac Holdings, Inc. * | 89,079 | 9,174,246 |
Gibraltar Industries, Inc. * | 54,376 | 2,755,232 |
GMS, Inc. * | 126,506 | 2,890,662 |
Graco, Inc. | 172,018 | 8,483,928 |
Granite Construction, Inc. | 169,290 | 3,439,973 |
Griffon Corp. | 160,212 | 2,787,689 |
H&E Equipment Services, Inc. | 120,817 | 2,870,612 |
HEICO Corp. | 15,305 | 1,650,644 |
HEICO Corp., Class A | 31,072 | 2,744,590 |
Herc Holdings, Inc. * | 67,339 | 2,469,995 |
Hillenbrand, Inc. | 190,600 | 4,460,040 |
Hyster-Yale Materials Handling, Inc. | 54,165 | 2,607,503 |
Insteel Industries, Inc. | 79,859 | 1,588,396 |
ITT, Inc. | 146,762 | 8,827,734 |
JELD-WEN Holding, Inc. * | 148,166 | 2,785,521 |
John Bean Technologies Corp. | 23,004 | 2,228,167 |
Kaman Corp. | 57,491 | 3,188,451 |
Kennametal, Inc. | 189,313 | 5,262,901 |
Lennox International, Inc. | 33,070 | 7,544,259 |
Lindsay Corp. | 30,062 | 2,977,040 |
Lydall, Inc. * | 82,191 | 978,895 |
Masonite International Corp. * | 88,980 | 6,540,030 |
MasTec, Inc. * | 148,491 | 7,287,938 |
Meritor, Inc. * | 122,482 | 2,779,117 |
Moog, Inc., Class A | 87,454 | 6,744,452 |
MRC Global, Inc. * | 416,335 | 3,622,115 |
Mueller Industries, Inc. | 261,223 | 7,309,020 |
Mueller Water Products, Inc., Class A | 299,155 | 3,275,747 |
MYR Group, Inc. * | 90,166 | 2,300,135 |
National Presto Industries, Inc. | 16,033 | 1,259,873 |
NOW, Inc. * | 617,010 | 5,448,198 |
nVent Electric plc | 347,672 | 8,347,605 |
Patrick Industries, Inc. | 49,534 | 2,616,881 |
Primoris Services Corp. | 190,866 | 3,622,637 |
Proto Labs, Inc. * | 15,114 | 1,324,591 |
Quanex Building Products Corp. | 120,824 | 2,029,843 |
Raven Industries, Inc. | 59,643 | 1,712,351 |
RBC Bearings, Inc. * | 17,008 | 2,911,600 |
Rexnord Corp. | 183,230 | 5,342,987 |
Rush Enterprises, Inc., Class A | 147,944 | 6,201,812 |
Simpson Manufacturing Co., Inc. | 64,010 | 5,084,314 |
SiteOne Landscape Supply, Inc. * | 30,004 | 2,977,897 |
SPX FLOW, Inc. * | 106,162 | 3,904,638 |
Standex International Corp. | 31,697 | 2,010,541 |
Security | Number of Shares | Value ($) |
Teledyne Technologies, Inc. * | 30,492 | 10,285,561 |
Tennant Co. | 35,610 | 2,547,539 |
Textainer Group Holdings Ltd. * | 203,318 | 1,677,374 |
The Greenbrier Cos., Inc. | 241,611 | 5,854,235 |
The Manitowoc Co., Inc. * | 100,606 | 1,254,557 |
The Middleby Corp. * | 59,453 | 6,647,440 |
Titan International, Inc. | 461,477 | 1,024,479 |
Titan Machinery, Inc. * | 128,310 | 1,297,214 |
Trex Co., Inc. * | 32,703 | 3,128,042 |
TriMas Corp. * | 74,119 | 1,878,917 |
Triton International Ltd. | 111,827 | 3,843,494 |
Triumph Group, Inc. | 138,092 | 2,623,748 |
Tutor Perini Corp. * | 464,161 | 6,730,334 |
Univar Solutions, Inc. * | 364,947 | 6,200,450 |
Universal Forest Products, Inc. | 226,898 | 10,632,440 |
Vectrus, Inc. * | 44,589 | 2,322,641 |
Veritiv Corp. * | 226,102 | 2,722,268 |
Wabash National Corp. | 353,993 | 3,886,843 |
Watts Water Technologies, Inc., Class A | 40,556 | 3,808,614 |
Welbilt, Inc. * | 136,126 | 1,799,586 |
Woodward, Inc. | 67,976 | 7,015,123 |
426,070,085 | ||
Commercial & Professional Services 5.2% | ||
ACCO Brands Corp. | 437,429 | 3,503,806 |
Advanced Disposal Services, Inc. * | 116,542 | 3,852,878 |
ASGN, Inc. * | 98,741 | 5,007,156 |
Brady Corp., Class A | 73,682 | 3,488,106 |
CBIZ, Inc. * | 89,538 | 2,331,570 |
Cimpress plc * | 18,160 | 2,114,006 |
Clean Harbors, Inc. * | 107,500 | 7,473,400 |
Copart, Inc. * | 101,427 | 8,568,553 |
CoStar Group, Inc. * | 6,698 | 4,471,518 |
Covanta Holding Corp. | 330,142 | 4,410,697 |
Deluxe Corp. | 186,559 | 6,212,415 |
Exponent, Inc. | 32,354 | 2,382,872 |
FTI Consulting, Inc. * | 63,569 | 7,157,234 |
Harsco Corp. * | 152,773 | 1,831,748 |
Healthcare Services Group, Inc. | 172,288 | 4,744,811 |
Herman Miller, Inc. | 146,103 | 5,002,567 |
HNI Corp. | 161,799 | 5,311,861 |
Huron Consulting Group, Inc. * | 42,925 | 2,547,169 |
ICF International, Inc. | 36,512 | 2,774,182 |
InnerWorkings, Inc. * | 349,341 | 1,096,931 |
Insperity, Inc. | 24,295 | 1,634,325 |
Interface, Inc. | 214,865 | 3,134,880 |
Kelly Services, Inc., Class A | 335,870 | 5,578,801 |
Kforce, Inc. | 73,125 | 2,227,387 |
Knoll, Inc. | 127,503 | 2,249,153 |
Korn Ferry | 103,413 | 3,617,387 |
Matthews International Corp., Class A | 90,144 | 2,664,657 |
McGrath RentCorp | 44,167 | 3,067,398 |
Mobile Mini, Inc. | 79,677 | 3,106,606 |
MSA Safety, Inc. | 32,832 | 3,994,669 |
Quad/Graphics, Inc. | 495,552 | 2,378,650 |
R.R. Donnelley & Sons Co. | 1,727,553 | 3,282,351 |
Resources Connection, Inc. | 148,832 | 1,864,865 |
Rollins, Inc. | 97,609 | 3,654,481 |
SP Plus Corp. * | 78,008 | 2,848,072 |
Steelcase, Inc., Class A | 361,074 | 5,856,620 |
Stericycle, Inc. * | 157,463 | 9,043,100 |
Team, Inc. * | 120,938 | 1,539,541 |
Tetra Tech, Inc. | 84,785 | 6,856,563 |
The Brink's Co. | 54,345 | 4,254,670 |
TransUnion | 85,643 | 7,615,376 |
TrueBlue, Inc. * | 223,955 | 3,332,450 |
UniFirst Corp. | 29,454 | 5,472,848 |
Security | Number of Shares | Value ($) |
US Ecology, Inc. | 29,417 | 1,237,279 |
Viad Corp. | 49,202 | 2,469,940 |
177,265,549 | ||
Consumer Durables & Apparel 4.0% | ||
Acushnet Holdings Corp. | 74,757 | 1,902,566 |
American Outdoor Brands Corp. * | 365,855 | 3,643,916 |
Beazer Homes USA, Inc. * | 173,077 | 2,121,924 |
Callaway Golf Co. | 158,577 | 2,692,637 |
Cavco Industries, Inc. * | 11,888 | 2,398,047 |
Columbia Sportswear Co. | 41,056 | 3,337,853 |
Crocs, Inc. * | 73,680 | 1,928,206 |
Deckers Outdoor Corp. * | 53,771 | 9,345,400 |
Ethan Allen Interiors, Inc. | 145,725 | 1,923,570 |
G-III Apparel Group Ltd. * | 195,347 | 4,367,959 |
Helen of Troy Ltd. * | 45,360 | 7,466,256 |
iRobot Corp. *(a) | 34,798 | 1,669,956 |
KB Home | 185,642 | 6,050,073 |
La-Z-Boy, Inc. | 179,756 | 5,150,009 |
M.D.C Holdings, Inc. | 130,631 | 5,139,024 |
M/I Homes, Inc. * | 89,037 | 3,314,847 |
Meritage Homes Corp. * | 110,425 | 7,007,570 |
Movado Group, Inc. | 63,752 | 937,154 |
Oxford Industries, Inc. | 46,982 | 2,837,243 |
Skechers U.S.A., Inc., Class A * | 259,608 | 8,587,833 |
Steven Madden Ltd. | 209,798 | 6,860,395 |
Sturm Ruger & Co., Inc. | 75,622 | 3,632,881 |
Taylor Morrison Home Corp., Class A * | 468,070 | 10,540,936 |
Tempur Sealy International, Inc. * | 67,465 | 5,043,009 |
TopBuild Corp. * | 62,212 | 6,283,412 |
TRI Pointe Group, Inc. * | 424,915 | 6,513,947 |
Tupperware Brands Corp. | 501,426 | 1,429,064 |
Unifi, Inc. * | 86,219 | 1,842,500 |
Universal Electronics, Inc. * | 46,379 | 1,958,121 |
Vista Outdoor, Inc. * | 735,308 | 5,404,514 |
Wolverine World Wide, Inc. | 203,984 | 5,362,739 |
136,693,561 | ||
Consumer Services 5.1% | ||
Adtalem Global Education, Inc. * | 167,146 | 5,159,797 |
American Public Education, Inc. * | 63,419 | 1,411,707 |
Arcos Dorados Holdings, Inc., Class A | 489,954 | 3,155,304 |
BJ's Restaurants, Inc. | 75,913 | 2,501,333 |
Bloomin' Brands, Inc. | 314,755 | 5,662,442 |
Boyd Gaming Corp. | 183,025 | 4,888,598 |
Bright Horizons Family Solutions, Inc. * | 39,267 | 6,170,809 |
Brinker International, Inc. | 206,848 | 7,105,229 |
Caesars Entertainment Corp. * | 257,434 | 3,271,986 |
Choice Hotels International, Inc. | 24,454 | 2,232,161 |
Churchill Downs, Inc. | 38,355 | 4,818,922 |
Cracker Barrel Old Country Store, Inc. | 43,735 | 6,268,538 |
Dave & Buster's Entertainment, Inc. | 67,185 | 2,217,777 |
Denny's Corp. * | 85,261 | 1,484,394 |
Dine Brands Global, Inc. | 32,390 | 2,651,122 |
Dunkin' Brands Group, Inc. | 78,304 | 5,208,782 |
Eldorado Resorts, Inc. * | 36,201 | 1,816,566 |
Extended Stay America, Inc. | 524,570 | 5,759,779 |
frontdoor, Inc. * | 72,639 | 3,079,894 |
Graham Holdings Co., Class B | 10,805 | 5,433,618 |
Grand Canyon Education, Inc. * | 40,651 | 3,279,723 |
Hilton Grand Vacations, Inc. * | 124,266 | 3,312,932 |
Houghton Mifflin Harcourt Co. * | 583,367 | 3,191,017 |
Hyatt Hotels Corp., Class A | 100,808 | 7,721,893 |
International Game Technology plc | 545,675 | 5,805,982 |
Jack in the Box, Inc. | 90,154 | 6,208,004 |
K12, Inc. * | 118,779 | 2,361,327 |
Security | Number of Shares | Value ($) |
Laureate Education, Inc., Class A * | 201,285 | 3,764,030 |
Marriott Vacations Worldwide Corp. | 57,312 | 5,546,655 |
Papa John's International, Inc. | 34,802 | 2,004,943 |
Penn National Gaming, Inc. * | 264,472 | 7,820,437 |
Perdoceo Education Corp. * | 98,587 | 1,471,904 |
Red Rock Resorts, Inc., Class A | 131,888 | 2,718,212 |
Regis Corp. * | 193,603 | 2,470,374 |
Scientific Games Corp., Class A * | 121,229 | 2,211,217 |
SeaWorld Entertainment, Inc. * | 87,563 | 2,382,589 |
ServiceMaster Global Holdings, Inc. * | 92,194 | 3,297,779 |
Strategic Education, Inc. | 12,017 | 1,771,065 |
Texas Roadhouse, Inc. | 115,925 | 6,517,303 |
The Cheesecake Factory, Inc. | 176,793 | 6,299,135 |
Vail Resorts, Inc. | 30,829 | 6,554,554 |
WW International, Inc. * | 64,792 | 1,943,760 |
Wyndham Hotels & Resorts, Inc. | 103,833 | 5,290,291 |
174,243,884 | ||
Diversified Financials 4.5% | ||
Apollo Commercial Real Estate Finance, Inc. | 106,603 | 1,726,969 |
Artisan Partners Asset Management, Inc., Class A | 86,651 | 2,476,486 |
BGC Partners, Inc., Class A | 418,464 | 1,950,042 |
Blackstone Mortgage Trust, Inc., Class A | 106,095 | 3,825,786 |
Cannae Holdings, Inc. * | 177,117 | 6,604,693 |
Capstead Mortgage Corp. | 282,809 | 2,007,944 |
Cboe Global Markets, Inc. | 68,359 | 7,792,926 |
Chimera Investment Corp. | 439,807 | 8,642,207 |
Cohen & Steers, Inc. | 33,116 | 2,074,717 |
Credit Acceptance Corp. * | 9,877 | 3,982,406 |
Donnelley Financial Solutions, Inc. * | 165,548 | 1,440,268 |
E*TRADE Financial Corp. | 184,210 | 8,433,134 |
Eaton Vance Corp. | 200,305 | 8,264,584 |
Encore Capital Group, Inc. * | 45,016 | 1,672,795 |
Enova International, Inc. * | 90,165 | 1,732,971 |
Equitable Holdings, Inc. | 317,570 | 6,795,998 |
Evercore, Inc., Class A | 89,672 | 5,973,949 |
Federated Hermes, Inc., | 213,444 | 6,157,859 |
FGL Holdings | 205,269 | 2,348,277 |
FirstCash, Inc. | 44,555 | 3,427,171 |
Green Dot Corp., Class A * | 55,805 | 1,906,299 |
Greenhill & Co., Inc. | 134,725 | 1,969,679 |
Houlihan Lokey, Inc. | 37,429 | 1,917,113 |
Invesco Mortgage Capital, Inc. | 238,986 | 3,842,895 |
Ladder Capital Corp., Class A | 137,223 | 2,092,651 |
MarketAxess Holdings, Inc. | 10,473 | 3,396,708 |
MFA Financial, Inc. | 677,852 | 4,900,870 |
Moelis & Co., Class A | 59,459 | 1,900,310 |
Morningstar, Inc. | 16,668 | 2,448,529 |
Nelnet, Inc., Class A | 48,677 | 2,584,749 |
New York Mortgage Trust, Inc. | 389,478 | 2,220,025 |
OneMain Holdings, Inc. | 207,237 | 7,615,960 |
PennyMac Mortgage Investment Trust | 175,291 | 3,628,524 |
Piper Sandler Cos. | 25,138 | 1,761,671 |
PRA Group, Inc. * | 125,852 | 4,885,575 |
Redwood Trust, Inc. | 166,637 | 2,846,160 |
SLM Corp. | 668,225 | 6,929,493 |
Stifel Financial Corp. | 62,112 | 3,381,377 |
Two Harbors Investment Corp. | 384,098 | 5,204,528 |
WisdomTree Investments, Inc. | 328,905 | 1,335,354 |
World Acceptance Corp. * | 23,694 | 1,850,501 |
155,950,153 | ||
Security | Number of Shares | Value ($) |
Energy 3.3% | ||
Apergy Corp. *(a) | 152,083 | 2,828,744 |
Arch Coal, Inc., Class A | 56,659 | 2,852,781 |
Archrock, Inc. | 403,921 | 2,847,643 |
Cheniere Energy, Inc. * | 27,805 | 1,426,118 |
Chesapeake Energy Corp. *(a) | 2,203,545 | 605,975 |
Cimarex Energy Co. | 114,310 | 3,777,945 |
CNX Resources Corp. * | 731,384 | 3,883,649 |
CONSOL Energy, Inc. * | 179,123 | 1,019,210 |
Continental Resources, Inc. | 122,510 | 2,321,565 |
Core Laboratories N.V. | 92,485 | 2,482,297 |
Cosan Ltd., A Shares * | 522,648 | 9,543,552 |
CVR Energy, Inc. | 75,433 | 2,143,806 |
Delek US Holdings, Inc. | 246,829 | 5,277,204 |
Denbury Resources, Inc. * | 1,250,702 | 941,028 |
Diamond Offshore Drilling, Inc. *(a) | 914,110 | 2,788,035 |
Diamondback Energy, Inc. | 37,624 | 2,332,688 |
Dril-Quip, Inc. * | 119,854 | 4,269,199 |
EQT Corp. | 607,461 | 3,565,796 |
Equitrans Midstream Corp. | 331,347 | 2,339,310 |
Exterran Corp. * | 280,362 | 1,429,846 |
Frank's International N.V. * | 308,904 | 1,210,904 |
Green Plains, Inc. | 468,981 | 5,623,082 |
Helix Energy Solutions Group, Inc. * | 345,846 | 2,320,627 |
International Seaways, Inc. * | 83,396 | 1,658,746 |
Kosmos Energy Ltd. | 276,356 | 842,886 |
Matrix Service Co. * | 136,148 | 1,644,668 |
Newpark Resources, Inc. * | 342,439 | 1,201,961 |
Oasis Petroleum, Inc. * | 1,704,302 | 2,786,534 |
Oil States International, Inc. * | 384,390 | 3,040,525 |
Par Pacific Holdings, Inc. * | 87,713 | 1,455,159 |
Parsley Energy, Inc., Class A | 138,574 | 1,856,892 |
PDC Energy, Inc. * | 117,294 | 2,232,105 |
Peabody Energy Corp. | 291,610 | 1,703,002 |
Renewable Energy Group, Inc. * | 232,714 | 6,155,285 |
REX American Resources Corp. * | 26,555 | 1,859,116 |
RPC, Inc. | 379,913 | 1,306,901 |
SandRidge Energy, Inc. * | 357,451 | 736,349 |
Scorpio Tankers, Inc. | 102,076 | 2,019,063 |
SEACOR Holdings, Inc. * | 48,450 | 1,807,185 |
SFL Corp., Ltd. | 205,619 | 2,496,215 |
Tidewater, Inc. * | 123,202 | 1,711,276 |
Unit Corp. * | 1,011,255 | 354,142 |
US Silica Holdings, Inc. | 374,209 | 1,717,619 |
Whiting Petroleum Corp. *(a) | 577,464 | 1,068,308 |
WPX Energy, Inc. * | 616,161 | 5,748,782 |
113,233,723 | ||
Food & Staples Retailing 0.7% | ||
BJ's Wholesale Club Holdings, Inc. * | 122,834 | 2,365,783 |
Ingles Markets, Inc., Class A | 129,271 | 4,624,024 |
PriceSmart, Inc. | 88,903 | 4,951,008 |
Sprouts Farmers Market, Inc. * | 392,479 | 6,271,814 |
The Andersons, Inc. | 204,856 | 3,763,205 |
Weis Markets, Inc. | 76,420 | 2,846,645 |
24,822,479 | ||
Food, Beverage & Tobacco 2.8% | ||
Adecoagro S.A. * | 396,985 | 2,596,282 |
B&G Foods, Inc. (a) | 227,423 | 3,365,860 |
Cal-Maine Foods, Inc. | 106,237 | 3,706,609 |
Calavo Growers, Inc. | 26,323 | 1,907,101 |
Coca-Cola Consolidated, Inc. | 5,379 | 1,056,328 |
Darling Ingredients, Inc. * | 415,851 | 10,687,371 |
Fresh Del Monte Produce, Inc. | 276,352 | 7,577,572 |
Security | Number of Shares | Value ($) |
J&J Snack Foods Corp. | 21,290 | 3,423,858 |
John B Sanfilippo & Son, Inc. | 25,780 | 1,809,498 |
Keurig Dr Pepper, Inc. | 162,794 | 4,538,697 |
Lamb Weston Holdings, Inc. | 80,899 | 7,029,314 |
Lancaster Colony Corp. | 29,771 | 4,300,421 |
Nomad Foods Ltd. * | 279,520 | 5,159,939 |
Pilgrim's Pride Corp. * | 199,082 | 4,212,575 |
Post Holdings, Inc. * | 67,679 | 6,853,176 |
Pyxus International, Inc. *(a) | 148,298 | 570,947 |
The Boston Beer Co., Inc., Class A * | 10,089 | 3,740,900 |
The Hain Celestial Group, Inc. * | 242,647 | 5,758,013 |
TreeHouse Foods, Inc. * | 138,217 | 5,267,450 |
Universal Corp. | 154,673 | 7,633,113 |
Vector Group Ltd. | 336,442 | 3,909,456 |
95,104,480 | ||
Health Care Equipment & Services 4.0% | ||
ABIOMED, Inc. * | 7,083 | 1,064,292 |
Acadia Healthcare Co., Inc. * | 175,304 | 5,188,998 |
Align Technology, Inc. * | 22,943 | 5,009,604 |
Allscripts Healthcare Solutions, Inc. * | 292,111 | 2,202,517 |
Amedisys, Inc. * | 19,956 | 3,472,544 |
AMN Healthcare Services, Inc. * | 63,999 | 4,710,326 |
Avanos Medical, Inc. * | 65,831 | 2,133,583 |
Brookdale Senior Living, Inc. * | 995,253 | 6,538,812 |
Cantel Medical Corp. | 27,395 | 1,728,624 |
Chemed Corp. | 17,385 | 7,260,324 |
Community Health Systems, Inc. * | 2,581,801 | 12,728,279 |
CONMED Corp. | 25,771 | 2,438,967 |
Globus Medical, Inc., Class A * | 49,377 | 2,233,322 |
Haemonetics Corp. * | 28,907 | 3,131,495 |
Hill-Rom Holdings, Inc. | 62,765 | 6,028,578 |
HMS Holdings Corp. * | 70,343 | 1,615,779 |
ICU Medical, Inc. * | 8,468 | 1,658,119 |
IDEXX Laboratories, Inc. * | 17,919 | 4,560,565 |
Integer Holdings Corp. * | 29,662 | 2,674,623 |
Integra LifeSciences Holdings Corp. * | 34,389 | 1,791,667 |
Invacare Corp. | 237,899 | 1,803,274 |
LHC Group, Inc. * | 18,873 | 2,292,315 |
LivaNova plc * | 29,848 | 2,081,003 |
Masimo Corp. * | 27,449 | 4,483,245 |
Merit Medical Systems, Inc. * | 44,320 | 1,595,963 |
Neogen Corp. * | 25,109 | 1,525,372 |
NextGen Healthcare, Inc. * | 101,114 | 1,322,571 |
NuVasive, Inc. * | 46,018 | 3,028,445 |
Orthofix Medical, Inc. * | 29,085 | 1,027,864 |
Premier, Inc., Class A * | 60,937 | 1,793,376 |
Select Medical Holdings Corp. * | 327,794 | 7,847,388 |
Teleflex, Inc. | 24,721 | 8,282,029 |
The Ensign Group, Inc. | 54,321 | 2,417,284 |
The Pennant Group, Inc. * | 27,332 | 742,610 |
The Providence Service Corp. * | 38,734 | 2,392,987 |
Tivity Health, Inc. * | 164,927 | 2,089,625 |
Triple-S Management Corp., Class B * | 201,548 | 3,021,205 |
Varex Imaging Corp. * | 77,140 | 1,791,191 |
Veeva Systems, Inc., Class A * | 11,618 | 1,649,407 |
West Pharmaceutical Services, Inc. | 51,840 | 7,805,030 |
137,163,202 | ||
Household & Personal Products 0.6% | ||
Central Garden & Pet Co., Class A * | 113,225 | 2,865,725 |
Edgewell Personal Care Co. * | 194,372 | 5,901,134 |
Energizer Holdings, Inc. | 70,652 | 3,037,330 |
Spectrum Brands Holdings, Inc. | 101,754 | 5,483,523 |
Security | Number of Shares | Value ($) |
USANA Health Sciences, Inc. * | 30,193 | 1,995,757 |
WD-40 Co. | 11,829 | 2,040,384 |
21,323,853 | ||
Insurance 2.7% | ||
Ambac Financial Group, Inc. * | 176,258 | 3,387,679 |
American Equity Investment Life Holding Co. | 294,341 | 7,440,940 |
American National Insurance Co. | 15,090 | 1,484,252 |
AMERISAFE, Inc. | 32,879 | 2,142,724 |
Argo Group International Holdings Ltd. | 61,240 | 3,445,362 |
Brighthouse Financial, Inc. * | 180,434 | 6,466,755 |
Brown & Brown, Inc. | 245,141 | 10,543,514 |
CNA Financial Corp. | 71,886 | 2,989,020 |
Employers Holdings, Inc. | 45,409 | 1,750,063 |
Enstar Group Ltd. * | 11,044 | 1,970,139 |
Horace Mann Educators Corp. | 62,745 | 2,442,663 |
James River Group Holdings Ltd. | 74,545 | 3,012,363 |
Kemper Corp. | 66,350 | 4,567,534 |
MBIA, Inc. * | 669,034 | 5,218,465 |
Mercury General Corp. | 74,173 | 3,212,433 |
National General Holdings Corp. | 100,659 | 1,959,831 |
Primerica, Inc. | 68,677 | 7,646,497 |
ProAssurance Corp. | 195,288 | 5,302,069 |
RLI Corp. | 46,142 | 3,708,894 |
Safety Insurance Group, Inc. | 26,147 | 2,058,815 |
Selective Insurance Group, Inc. | 67,679 | 3,775,135 |
Stewart Information Services Corp. | 105,570 | 3,819,523 |
United Fire Group, Inc. | 36,281 | 1,391,014 |
Universal Insurance Holdings, Inc. | 80,812 | 1,672,000 |
91,407,684 | ||
Materials 6.6% | ||
AdvanSix, Inc. * | 127,169 | 1,847,766 |
AK Steel Holding Corp. * | 1,500,718 | 3,466,659 |
Allegheny Technologies, Inc. * | 230,224 | 3,934,528 |
Axalta Coating Systems Ltd. * | 286,962 | 7,151,093 |
Balchem Corp. | 25,727 | 2,430,172 |
Boise Cascade Co. | 236,925 | 8,406,099 |
Cabot Corp. | 203,498 | 7,606,755 |
Carpenter Technology Corp. | 142,649 | 5,242,351 |
Century Aluminum Co. * | 311,506 | 1,806,735 |
Clearwater Paper Corp. * | 235,443 | 6,420,531 |
Cleveland-Cliffs, Inc. (a) | 691,421 | 4,017,156 |
Compass Minerals International, Inc. | 103,980 | 5,672,109 |
Constellium SE * | 195,284 | 2,421,522 |
Eagle Materials, Inc. | 69,765 | 5,506,551 |
Element Solutions, Inc. * | 467,214 | 4,854,353 |
Ferro Corp. * | 144,293 | 1,676,685 |
GCP Applied Technologies, Inc. * | 107,540 | 2,093,804 |
Greif, Inc., Class A | 122,919 | 4,343,957 |
H.B. Fuller Co. | 109,444 | 4,293,488 |
Hecla Mining Co. | 1,225,546 | 3,235,441 |
Ingevity Corp. * | 30,216 | 1,360,929 |
Innospec, Inc. | 43,251 | 3,742,942 |
Kaiser Aluminum Corp. | 49,720 | 4,701,026 |
Kraton Corp. * | 99,082 | 1,002,710 |
Louisiana-Pacific Corp. | 284,966 | 8,107,283 |
Materion Corp. | 57,316 | 2,598,707 |
Mercer International, Inc. | 123,967 | 1,098,348 |
Minerals Technologies, Inc. | 91,167 | 4,090,663 |
Myers Industries, Inc. | 96,192 | 1,305,325 |
Neenah, Inc. | 44,108 | 2,548,119 |
NewMarket Corp. | 14,603 | 5,674,580 |
Nexa Resources S.A. | 236,277 | 1,734,273 |
PolyOne Corp. | 286,783 | 7,100,747 |
Security | Number of Shares | Value ($) |
Quaker Chemical Corp. | 15,094 | 2,378,362 |
Rayonier Advanced Materials, Inc. | 526,115 | 1,288,982 |
Resolute Forest Products, Inc. * | 868,559 | 2,310,367 |
Royal Gold, Inc. | 32,271 | 3,113,183 |
Schnitzer Steel Industries, Inc., Class A | 194,688 | 3,208,458 |
Schweitzer-Mauduit International, Inc. | 101,839 | 3,434,011 |
Sensient Technologies Corp. | 105,082 | 5,167,933 |
Silgan Holdings, Inc. | 235,850 | 6,752,386 |
Southern Copper Corp. | 150,395 | 5,060,792 |
Stepan Co. | 49,772 | 4,371,475 |
Summit Materials, Inc., Class A * | 203,232 | 3,971,153 |
SunCoke Energy, Inc. | 380,860 | 1,755,765 |
The Chemours Co. | 435,814 | 6,476,196 |
The Scotts Miracle-Gro Co. | 77,021 | 8,163,456 |
Trinseo S.A. | 208,752 | 4,567,494 |
Tronox Holdings plc, Class A | 377,504 | 2,770,879 |
US Concrete, Inc. * | 39,492 | 1,059,965 |
Valvoline, Inc. | 185,002 | 3,607,539 |
Verso Corp., Class A * | 239,430 | 3,905,103 |
W.R. Grace & Co. | 102,018 | 5,770,138 |
Warrior Met Coal, Inc. | 246,831 | 4,373,845 |
Westlake Chemical Corp. | 85,012 | 4,749,620 |
Worthington Industries, Inc. | 173,798 | 5,526,776 |
225,277,285 | ||
Media & Entertainment 3.3% | ||
AMC Entertainment Holdings, Inc., Class A (a) | 371,412 | 2,325,039 |
AMC Networks, Inc., Class A * | 141,804 | 4,395,924 |
Cable One, Inc. | 2,863 | 4,503,556 |
Cars.com, Inc. * | 265,206 | 2,408,071 |
Gannett Co., Inc. | 981,277 | 4,121,363 |
Gray Television, Inc. * | 118,430 | 2,240,696 |
John Wiley & Sons, Inc., Class A | 120,493 | 4,481,135 |
Liberty Latin America Ltd., Class A * | 106,128 | 1,607,839 |
Liberty Latin America Ltd., Class C * | 280,580 | 4,262,010 |
Liberty Media Corp. - Liberty Formula One, Class A * | 13,318 | 499,292 |
Liberty Media Corp. - Liberty Formula One, Class C * | 104,999 | 4,101,261 |
Liberty TripAdvisor Holdings, Inc., Class A * | 205,702 | 895,832 |
Lions Gate Entertainment Corp., Class A * | 75,032 | 596,504 |
Lions Gate Entertainment Corp., Class B * | 153,632 | 1,136,877 |
Live Nation Entertainment, Inc. * | 93,751 | 5,697,248 |
Meredith Corp. | 113,474 | 2,990,040 |
MSG Networks, Inc., Class A * | 95,289 | 1,204,453 |
National CineMedia, Inc. | 400,047 | 3,076,361 |
Nexstar Media Group, Inc., Class A | 47,695 | 5,483,971 |
Scholastic Corp. | 121,973 | 3,914,114 |
Sinclair Broadcast Group, Inc., Class A | 160,728 | 3,730,497 |
Sirius XM Holdings, Inc. | 1,043,607 | 6,616,468 |
Take-Two Interactive Software, Inc. * | 56,199 | 6,040,269 |
TEGNA, Inc. | 593,624 | 8,500,696 |
The Madison Square Garden Co., Class A * | 14,480 | 3,878,034 |
The New York Times Co., Class A | 111,263 | 4,167,912 |
TripAdvisor, Inc. | 140,170 | 3,286,987 |
Twitter, Inc. * | 118,272 | 3,926,630 |
Yandex N.V., Class A * | 158,448 | 6,434,573 |
Yelp, Inc. * | 62,930 | 1,967,821 |
Zynga, Inc., Class A * | 563,645 | 3,782,058 |
112,273,531 | ||
Security | Number of Shares | Value ($) |
Pharmaceuticals, Biotechnology & Life Sciences 2.3% | ||
Alkermes plc * | 70,591 | 1,471,116 |
Bio-Rad Laboratories, Inc., Class A * | 17,254 | 6,073,753 |
Bio-Techne Corp. | 17,518 | 3,308,975 |
BioMarin Pharmaceutical, Inc. * | 24,523 | 2,216,144 |
Bruker Corp. | 85,281 | 3,714,840 |
Catalent, Inc. * | 99,789 | 5,142,127 |
Charles River Laboratories International, Inc. * | 40,910 | 6,364,369 |
Emergent BioSolutions, Inc. * | 41,188 | 2,416,912 |
ICON plc * | 56,198 | 8,770,260 |
Incyte Corp. * | 17,892 | 1,349,236 |
Jazz Pharmaceuticals plc * | 63,779 | 7,307,798 |
Myriad Genetics, Inc. * | 201,457 | 3,549,672 |
PDL BioPharma, Inc. * | 1,378,820 | 4,687,988 |
PerkinElmer, Inc. | 95,209 | 8,229,866 |
PRA Health Sciences, Inc. * | 29,694 | 2,797,175 |
Prestige Consumer Healthcare, Inc. * | 92,784 | 3,466,410 |
Syneos Health, Inc. * | 49,407 | 3,129,933 |
Taro Pharmaceutical Industries Ltd. * | 26,360 | 1,774,819 |
Vertex Pharmaceuticals, Inc. * | 12,816 | 2,871,169 |
78,642,562 | ||
Real Estate 11.0% | ||
Acadia Realty Trust | 79,459 | 1,814,844 |
Alexander & Baldwin, Inc. | 172,074 | 3,234,991 |
Altisource Portfolio Solutions S.A. * | 105,383 | 1,674,536 |
American Assets Trust, Inc. | 44,668 | 1,851,489 |
American Campus Communities, Inc. | 172,208 | 7,480,715 |
American Homes 4 Rent, Class A | 150,247 | 3,889,895 |
Apartment Investment & Management Co., Class A | 170,112 | 8,138,158 |
Apple Hospitality REIT, Inc. | 521,544 | 6,816,580 |
Brandywine Realty Trust | 346,677 | 4,707,874 |
Brookfield Property REIT, Inc., Class A (a) | 218,959 | 3,571,221 |
Chatham Lodging Trust | 99,968 | 1,393,554 |
Colony Capital, Inc. | 1,507,367 | 5,969,173 |
Columbia Property Trust, Inc. | 264,127 | 4,981,435 |
CorePoint Lodging, Inc. | 294,621 | 2,345,183 |
CoreSite Realty Corp. | 19,004 | 1,971,285 |
Corporate Office Properties Trust | 165,478 | 4,193,212 |
Cousins Properties, Inc. | 131,293 | 4,685,847 |
CubeSmart | 152,330 | 4,611,029 |
CyrusOne, Inc. | 58,838 | 3,564,406 |
DiamondRock Hospitality Co. | 539,861 | 4,923,532 |
Douglas Emmett, Inc. | 138,545 | 5,289,648 |
EastGroup Properties, Inc. | 21,893 | 2,752,607 |
Empire State Realty Trust, Inc., Class A | 225,770 | 2,641,509 |
EPR Properties | 65,331 | 3,870,208 |
Equity Commonwealth | 115,929 | 3,647,126 |
Equity LifeStyle Properties, Inc. | 99,424 | 6,793,642 |
Extra Space Storage, Inc. | 76,960 | 7,723,706 |
Federal Realty Investment Trust | 62,796 | 7,305,687 |
First Industrial Realty Trust, Inc. | 90,817 | 3,496,454 |
Franklin Street Properties Corp. | 355,765 | 2,536,604 |
Front Yard Residential Corp. | 134,670 | 1,707,616 |
Gaming & Leisure Properties, Inc. | 171,295 | 7,651,748 |
Global Net Lease, Inc. | 87,615 | 1,616,497 |
Healthcare Realty Trust, Inc. | 138,023 | 4,734,189 |
Healthcare Trust of America, Inc., Class A | 175,381 | 5,461,364 |
Hersha Hospitality Trust | 150,447 | 1,734,654 |
Highwoods Properties, Inc. | 152,409 | 6,840,116 |
Hudson Pacific Properties, Inc. | 122,052 | 3,939,839 |
Investors Real Estate Trust | 28,949 | 2,039,457 |
Invitation Homes, Inc. | 127,093 | 3,646,298 |
iStar, Inc. | 226,547 | 3,427,656 |
Security | Number of Shares | Value ($) |
JBG SMITH Properties | 61,672 | 2,262,129 |
Kennedy-Wilson Holdings, Inc. | 131,345 | 2,654,482 |
Kilroy Realty Corp. | 77,272 | 5,616,902 |
Kite Realty Group Trust | 187,343 | 3,025,589 |
Lexington Realty Trust | 408,446 | 4,235,585 |
Life Storage, Inc. | 44,416 | 4,792,931 |
LTC Properties, Inc. | 34,005 | 1,524,444 |
Mack-Cali Realty Corp. | 193,269 | 3,668,246 |
Medical Properties Trust, Inc. | 274,081 | 5,791,332 |
National Health Investors, Inc. | 29,144 | 2,381,939 |
National Retail Properties, Inc. | 103,874 | 5,281,993 |
Newmark Group, Inc., Class A | 165,343 | 1,579,026 |
Office Properties Income Trust | 101,213 | 2,948,335 |
Omega Healthcare Investors, Inc. | 203,047 | 8,040,661 |
Paramount Group, Inc. | 310,109 | 3,767,824 |
Pebblebrook Hotel Trust | 153,407 | 3,100,355 |
Physicians Realty Trust | 102,167 | 1,926,870 |
Piedmont Office Realty Trust, Inc., Class A | 317,729 | 6,859,769 |
PotlatchDeltic Corp. | 63,953 | 2,349,633 |
PS Business Parks, Inc. | 15,991 | 2,375,463 |
QTS Realty Trust, Inc., Class A | 49,509 | 2,780,921 |
Rayonier, Inc. | 233,203 | 6,186,876 |
Regency Centers Corp. | 105,076 | 6,035,565 |
Retail Opportunity Investments Corp. | 122,785 | 1,841,775 |
Retail Properties of America, Inc., Class A | 532,602 | 5,576,343 |
RLJ Lodging Trust | 447,692 | 5,914,011 |
RPT Realty | 186,508 | 2,417,144 |
Ryman Hospitality Properties, Inc. | 56,697 | 3,941,008 |
Sabra Health Care REIT, Inc. | 135,523 | 2,649,475 |
SBA Communications Corp. | 32,752 | 8,682,228 |
Seritage Growth Properties, Class A | 43,183 | 1,484,632 |
SITE Centers Corp. | 476,598 | 5,485,643 |
Spirit Realty Capital, Inc. | 141,112 | 6,420,596 |
STAG Industrial, Inc. | 74,829 | 2,093,715 |
STORE Capital Corp. | 83,474 | 2,742,956 |
Summit Hotel Properties, Inc. | 228,308 | 2,116,415 |
Sun Communities, Inc. | 45,961 | 7,026,518 |
Sunstone Hotel Investors, Inc. | 565,873 | 6,196,309 |
Tanger Factory Outlet Centers, Inc. (a) | 261,349 | 3,130,961 |
Taubman Centers, Inc. | 153,132 | 7,972,052 |
The GEO Group, Inc. | 443,451 | 6,492,123 |
The Howard Hughes Corp. * | 25,904 | 2,794,523 |
The St. Joe Co. * | 93,143 | 1,832,123 |
Uniti Group, Inc. | 839,640 | 8,194,886 |
Urban Edge Properties | 156,784 | 2,539,901 |
Washington Prime Group, Inc. (a) | 1,728,023 | 4,752,063 |
Washington Real Estate Investment Trust | 121,435 | 3,260,530 |
Weingarten Realty Investors | 190,061 | 5,118,343 |
Xenia Hotels & Resorts, Inc. | 327,453 | 4,898,697 |
375,437,424 | ||
Retailing 3.4% | ||
Asbury Automotive Group, Inc. * | 98,760 | 8,754,086 |
Ascena Retail Group, Inc. * | 531,604 | 2,020,095 |
Barnes & Noble Education, Inc. * | 684,021 | 2,264,110 |
Big 5 Sporting Goods Corp. (a) | 799,271 | 1,782,374 |
Burlington Stores, Inc. * | 35,056 | 7,581,211 |
Caleres, Inc. | 280,598 | 3,235,295 |
Citi Trends, Inc. | 104,183 | 2,059,698 |
Conn's, Inc. * | 90,391 | 736,687 |
Five Below, Inc. * | 24,222 | 2,348,323 |
Genesco, Inc. * | 199,635 | 6,869,440 |
GNC Holdings, Inc., Class A *(a) | 3,567,400 | 5,993,232 |
Groupon, Inc. * | 1,460,116 | 1,956,555 |
GrubHub, Inc. * | 31,256 | 1,503,726 |
Guess?, Inc. | 338,060 | 5,476,572 |
Haverty Furniture Cos., Inc. | 125,862 | 2,116,999 |
Security | Number of Shares | Value ($) |
Hibbett Sports, Inc. * | 203,527 | 3,972,847 |
Kirkland's, Inc. *(a) | 630,963 | 744,536 |
MercadoLibre, Inc. * | 5,006 | 3,083,846 |
Monro, Inc. | 43,178 | 2,423,149 |
National Vision Holdings, Inc. * | 66,938 | 2,330,781 |
Ollie's Bargain Outlet Holdings, Inc. * | 27,450 | 1,396,381 |
Overstock.com, Inc. * | 139,257 | 899,600 |
Party City Holdco, Inc. * | 760,871 | 1,514,133 |
Pool Corp. | 35,909 | 7,575,363 |
Rent-A-Center, Inc. | 140,945 | 3,000,719 |
RH * | 40,798 | 7,400,757 |
Shoe Carnival, Inc. | 72,020 | 2,154,118 |
Sleep Number Corp. * | 93,433 | 4,115,724 |
Stamps.com, Inc. * | 24,480 | 3,454,373 |
The Buckle, Inc. | 212,992 | 4,820,009 |
The Cato Corp., Class A | 215,651 | 3,487,077 |
The Children's Place, Inc. | 57,976 | 3,339,418 |
The Michaels Cos., Inc. * | 562,578 | 2,413,460 |
Zumiez, Inc. * | 98,096 | 2,602,487 |
115,427,181 | ||
Semiconductors & Semiconductor Equipment 2.8% | ||
Advanced Energy Industries, Inc. * | 47,951 | 2,851,886 |
Advanced Micro Devices, Inc. * | 92,947 | 4,227,230 |
Amkor Technology, Inc. * | 544,610 | 5,683,005 |
Brooks Automation, Inc. | 58,531 | 2,019,905 |
Cabot Microelectronics Corp. | 18,814 | 2,620,414 |
Cirrus Logic, Inc. * | 138,194 | 9,485,636 |
Cree, Inc. * | 170,645 | 7,632,951 |
Cypress Semiconductor Corp. | 341,895 | 7,894,356 |
Diodes, Inc. * | 61,979 | 2,727,696 |
Entegris, Inc. | 101,472 | 5,410,487 |
Kulicke & Soffa Industries, Inc. | 134,358 | 3,067,393 |
Mellanox Technologies Ltd. * | 18,388 | 2,195,895 |
MKS Instruments, Inc. | 61,231 | 6,134,734 |
Monolithic Power Systems, Inc. | 13,798 | 2,188,915 |
Photronics, Inc. * | 230,082 | 2,864,521 |
Power Integrations, Inc. | 29,018 | 2,526,017 |
Rambus, Inc. * | 141,702 | 1,980,994 |
Semtech Corp. * | 44,207 | 1,745,734 |
Silicon Laboratories, Inc. * | 30,194 | 2,677,604 |
Synaptics, Inc. * | 139,830 | 9,235,771 |
Teradyne, Inc. | 160,445 | 9,427,748 |
Xperi Corp. | 118,034 | 2,029,004 |
96,627,896 | ||
Software & Services 5.0% | ||
ACI Worldwide, Inc. * | 122,294 | 3,408,334 |
Aspen Technology, Inc. * | 32,089 | 3,417,799 |
Black Knight, Inc. * | 102,644 | 6,847,381 |
Blackbaud, Inc. | 21,449 | 1,454,242 |
Cardtronics plc, Class A * | 79,508 | 2,883,755 |
Cerence, Inc. * | 33,621 | 729,912 |
CommVault Systems, Inc. * | 48,409 | 2,018,655 |
CoreLogic, Inc. | 173,171 | 7,856,768 |
CSG Systems International, Inc. | 59,569 | 2,635,928 |
Ebix, Inc. | 40,461 | 1,069,789 |
EPAM Systems, Inc. * | 21,001 | 4,687,423 |
Euronet Worldwide, Inc. * | 33,662 | 4,175,435 |
EVERTEC, Inc. | 75,585 | 2,243,363 |
ExlService Holdings, Inc. * | 39,470 | 2,946,436 |
Fair Isaac Corp. * | 15,956 | 5,999,935 |
Fortinet, Inc. * | 34,223 | 3,492,799 |
Gartner, Inc. * | 51,503 | 6,663,973 |
Genpact Ltd. | 228,537 | 8,789,533 |
GoDaddy, Inc., Class A * | 26,557 | 1,858,459 |
Security | Number of Shares | Value ($) |
InterXion Holding N.V. * | 31,477 | 2,672,083 |
j2 Global, Inc. | 56,118 | 4,900,785 |
KBR, Inc. | 309,009 | 8,021,874 |
LiveRamp Holdings, Inc. * | 62,017 | 2,197,883 |
LogMeIn, Inc. | 29,108 | 2,481,020 |
Manhattan Associates, Inc. * | 63,698 | 4,290,697 |
ManTech International Corp., Class A | 63,967 | 4,791,128 |
MAXIMUS, Inc. | 110,759 | 6,980,032 |
MicroStrategy, Inc., Class A * | 13,546 | 1,830,877 |
Net 1 UEPS Technologies, Inc. * | 484,012 | 1,660,161 |
NIC, Inc. | 86,691 | 1,585,578 |
Nuance Communications, Inc. * | 271,400 | 5,867,668 |
Perficient, Inc. * | 55,344 | 2,267,444 |
Progress Software Corp. | 90,074 | 3,358,860 |
PTC, Inc. * | 55,974 | 4,228,836 |
Science Applications International Corp. | 81,665 | 6,543,816 |
SS&C Technologies Holdings, Inc. | 91,660 | 5,087,130 |
Sykes Enterprises, Inc. * | 131,401 | 4,162,784 |
TiVo Corp. | 382,885 | 2,898,439 |
Tyler Technologies, Inc. * | 11,643 | 3,648,334 |
Unisys Corp. * | 231,540 | 3,595,816 |
Verint Systems, Inc. * | 58,961 | 3,235,780 |
Virtusa Corp. * | 35,204 | 1,552,848 |
VMware, Inc., Class A * | 46,882 | 5,650,219 |
WEX, Inc. * | 21,837 | 4,088,760 |
170,778,771 | ||
Technology Hardware & Equipment 4.6% | ||
ADTRAN, Inc. | 302,572 | 2,434,192 |
Arista Networks, Inc. * | 13,740 | 2,653,469 |
AVX Corp. | 131,583 | 2,860,614 |
Badger Meter, Inc. | 30,671 | 1,846,701 |
Belden, Inc. | 117,020 | 4,672,609 |
Benchmark Electronics, Inc. | 274,314 | 7,455,855 |
Ciena Corp. * | 136,889 | 5,263,382 |
Cognex Corp. | 84,537 | 3,765,278 |
Coherent, Inc. * | 29,254 | 3,765,282 |
Comtech Telecommunications Corp. | 65,077 | 1,823,458 |
CTS Corp. | 54,094 | 1,410,231 |
Dolby Laboratories, Inc., Class A | 67,565 | 4,439,020 |
EchoStar Corp., Class A * | 133,404 | 4,658,468 |
ePlus, Inc. * | 39,236 | 2,972,519 |
Fabrinet * | 54,549 | 3,006,741 |
Fitbit, Inc., Class A * | 550,360 | 3,516,800 |
II-VI, Inc. * | 155,385 | 4,613,381 |
Insight Enterprises, Inc. * | 157,888 | 8,698,050 |
InterDigital, Inc. | 75,391 | 3,987,430 |
IPG Photonics Corp. * | 32,402 | 4,135,791 |
Itron, Inc. * | 52,460 | 3,978,566 |
KEMET Corp. | 86,190 | 2,247,835 |
Knowles Corp. * | 198,541 | 3,299,751 |
Littelfuse, Inc. | 22,431 | 3,581,782 |
Lumentum Holdings, Inc. * | 44,423 | 3,456,998 |
Methode Electronics, Inc. | 116,683 | 3,577,501 |
MTS Systems Corp. | 33,056 | 1,326,868 |
National Instruments Corp. | 131,108 | 5,281,030 |
NETGEAR, Inc. * | 75,172 | 1,418,496 |
NetScout Systems, Inc. * | 255,931 | 6,577,427 |
OSI Systems, Inc. * | 29,917 | 2,431,355 |
PC Connection, Inc. | 73,552 | 2,991,360 |
Plantronics, Inc. | 125,907 | 1,728,703 |
Plexus Corp. * | 104,197 | 6,913,471 |
Rogers Corp. * | 19,046 | 2,209,336 |
ScanSource, Inc. * | 207,243 | 5,891,918 |
Stratasys Ltd. * | 77,822 | 1,245,152 |
TTM Technologies, Inc. * | 393,494 | 5,111,487 |
ViaSat, Inc. * | 59,773 | 3,436,947 |
Security | Number of Shares | Value ($) |
Viavi Solutions, Inc. * | 148,539 | 1,959,229 |
Vishay Intertechnology, Inc. | 403,012 | 7,536,324 |
Zebra Technologies Corp., Class A * | 23,710 | 5,002,099 |
159,182,906 | ||
Telecommunication Services 0.8% | ||
ATN International, Inc. | 25,035 | 1,349,387 |
Cogent Communications Holdings, Inc. | 41,668 | 3,042,181 |
Consolidated Communications Holdings, Inc. | 827,312 | 5,145,881 |
GCI Liberty, Inc., Class A * | 41,870 | 2,893,636 |
Intelsat S.A. *(a) | 266,998 | 1,030,612 |
Iridium Communications, Inc. * | 86,237 | 2,334,436 |
Shenandoah Telecommunications Co. | 47,980 | 2,131,751 |
United States Cellular Corp. * | 56,028 | 1,759,839 |
Vonage Holdings Corp. * | 275,947 | 2,472,485 |
Zayo Group Holdings, Inc. * | 205,656 | 7,195,903 |
29,356,111 | ||
Transportation 2.0% | ||
Air Transport Services Group, Inc. * | 110,891 | 1,984,949 |
Alaska Air Group, Inc. | 94,150 | 4,750,809 |
Allegiant Travel Co. | 11,770 | 1,595,306 |
AMERCO | 14,414 | 4,648,659 |
ArcBest Corp. | 192,628 | 3,815,961 |
Atlas Corp. | 326,254 | 3,458,292 |
Copa Holdings S.A., Class A | 22,519 | 1,872,230 |
Costamare, Inc. | 308,718 | 2,015,928 |
Daseke, Inc. * | 1,490,783 | 4,919,584 |
Echo Global Logistics, Inc. * | 122,708 | 2,263,963 |
Forward Air Corp. | 60,043 | 3,543,137 |
Hawaiian Holdings, Inc. | 64,662 | 1,350,143 |
Heartland Express, Inc. | 107,059 | 1,917,427 |
Hub Group, Inc., Class A * | 167,180 | 7,728,731 |
JetBlue Airways Corp. * | 335,631 | 5,296,257 |
Marten Transport Ltd. | 109,715 | 2,143,831 |
Saia, Inc. * | 52,913 | 4,619,834 |
Schneider National, Inc., Class B | 150,359 | 2,692,930 |
Spirit Airlines, Inc. * | 43,647 | 1,241,757 |
Werner Enterprises, Inc. | 161,226 | 5,417,194 |
YRC Worldwide, Inc. *(a) | 601,943 | 1,276,119 |
68,553,041 | ||
Utilities 3.7% | ||
ALLETE, Inc. | 82,690 | 5,704,783 |
American States Water Co. | 36,802 | 2,818,665 |
Atlantica Yield plc | 139,802 | 4,041,676 |
Avangrid, Inc. | 82,279 | 4,088,443 |
Avista Corp. | 154,766 | 7,297,217 |
Black Hills Corp. | 77,133 | 5,569,003 |
California Water Service Group | 52,101 | 2,498,764 |
Chesapeake Utilities Corp. | 20,313 | 1,736,761 |
Clearway Energy, Inc., Class A | 43,154 | 875,595 |
Clearway Energy, Inc., Class C | 90,868 | 1,911,863 |
El Paso Electric Co. | 74,803 | 5,076,880 |
Essential Utilities, Inc. | 165,851 | 7,133,251 |
Hawaiian Electric Industries, Inc. | 208,497 | 8,932,011 |
IDACORP, Inc. | 69,815 | 6,746,922 |
MGE Energy, Inc. | 43,952 | 3,135,536 |
National Fuel Gas Co. | 147,414 | 5,396,826 |
New Jersey Resources Corp. | 146,064 | 5,157,520 |
Northwest Natural Holding Co. | 47,384 | 3,116,446 |
NorthWestern Corp. | 88,198 | 6,203,847 |
ONE Gas, Inc. | 75,793 | 6,225,637 |
Ormat Technologies, Inc. | 44,199 | 3,079,786 |
Security | Number of Shares | Value ($) |
Otter Tail Corp. | 66,578 | 3,236,357 |
Pattern Energy Group, Inc., Class A | 127,661 | 3,453,230 |
PNM Resources, Inc. | 150,384 | 7,080,079 |
South Jersey Industries, Inc. | 136,252 | 3,685,617 |
Southwest Gas Holdings, Inc. | 95,719 | 6,191,105 |
Spire, Inc. | 74,250 | 5,572,462 |
Unitil Corp. | 28,645 | 1,613,859 |
127,580,141 | ||
Total Common Stock | ||
(Cost $3,660,710,497) | 3,418,154,945 | |
Rights 0.0% of net assets | ||
Materials 0.0% | ||
A. Schulman, Inc. CVR *(b) | 67,938 | 29,417 |
Total Rights | ||
(Cost $29,417) | 29,417 | |
Other Investment Companies 1.0% of net assets | ||
Money Market Fund 0.1% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.53% (c) | 2,157,661 | 2,157,661 |
Securities Lending Collateral 0.9% | ||
Wells Fargo Government Money Market Fund, Select Class 1.52% (c) | 32,271,885 | 32,271,885 |
Total Other Investment Companies | ||
(Cost $34,429,546) | 34,429,546 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
Long | ||||||
Russell 2000 Index, e-mini expires 03/20/20 | 86 | 6,342,070 | (694,689) |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $30,585,484. |
(b) | Fair-valued by management using significant unobservable inputs in accordance with procedures approved by the fund’s Board of Trustees. |
(c) | The rate shown is the 7-day yield. |
CVR — | Contingent Value Rights |
REIT — | Real Estate Investment Trust |
Security | Number of Shares | Value ($) |
Common Stock 98.5% of net assets | ||
Australia 5.3% | ||
AGL Energy Ltd. | 249,704 | 3,081,476 |
Amcor plc | 309,598 | 2,878,424 |
AMP Ltd. * | 3,646,461 | 3,938,018 |
APA Group | 215,779 | 1,494,186 |
Aurizon Holdings Ltd. | 755,914 | 2,354,024 |
Australia & New Zealand Banking Group Ltd. | 1,031,773 | 16,517,798 |
Bendigo & Adelaide Bank Ltd. | 161,853 | 959,020 |
BHP Group Ltd. | 960,457 | 20,806,953 |
BlueScope Steel Ltd. | 253,984 | 1,935,598 |
Boral Ltd. | 445,350 | 1,297,870 |
Brambles Ltd. | 365,294 | 2,816,858 |
Caltex Australia Ltd. | 252,380 | 5,321,009 |
CIMIC Group Ltd. | 37,972 | 583,661 |
Coca-Cola Amatil Ltd. | 179,100 | 1,326,804 |
Coles Group Ltd. | 161,983 | 1,484,071 |
Commonwealth Bank of Australia | 475,026 | 25,047,003 |
Crown Resorts Ltd. | 157,639 | 1,032,639 |
CSL Ltd. | 35,274 | 7,037,565 |
Downer EDI Ltd. | 318,503 | 1,170,522 |
Fortescue Metals Group Ltd. | 646,333 | 4,200,569 |
Goodman Group | 126,210 | 1,218,981 |
GrainCorp Ltd., Class A * | 181,085 | 910,685 |
Incitec Pivot Ltd. | 682,596 | 1,201,483 |
Insurance Australia Group Ltd. | 658,982 | 2,710,725 |
LendLease Group | 260,926 | 2,965,930 |
Macquarie Group Ltd. | 59,174 | 5,144,092 |
Medibank Pvt Ltd. | 877,753 | 1,601,585 |
Metcash Ltd. | 1,097,435 | 1,747,701 |
Mirvac Group | 817,959 | 1,603,232 |
National Australia Bank Ltd. | 1,002,839 | 16,229,167 |
Newcrest Mining Ltd. | 60,221 | 1,021,163 |
Oil Search Ltd. | 207,232 | 733,534 |
Orica Ltd. | 132,702 | 1,694,080 |
Origin Energy Ltd. | 700,587 | 3,152,890 |
QBE Insurance Group Ltd. | 413,907 | 3,626,716 |
Ramsay Health Care Ltd. | 22,812 | 1,000,294 |
Rio Tinto Ltd. | 125,691 | 7,072,296 |
Scentre Group | 888,651 | 1,982,434 |
Sims Ltd. | 184,538 | 1,141,026 |
Sonic Healthcare Ltd. | 98,521 | 1,829,417 |
South32 Ltd. | 1,004,020 | 1,437,099 |
Stockland | 625,698 | 1,900,102 |
Suncorp Group Ltd. | 582,393 | 4,258,145 |
Tabcorp Holdings Ltd. | 329,874 | 806,081 |
Telstra Corp., Ltd. | 2,825,350 | 6,248,239 |
Transurban Group | 190,109 | 1,820,206 |
Viva Energy Group Ltd. | 1,065,186 | 1,208,730 |
Wesfarmers Ltd. | 552,680 | 14,485,236 |
Westpac Banking Corp. | 1,229,964 | 18,746,973 |
Woodside Petroleum Ltd. | 286,125 | 5,150,656 |
Woolworths Group Ltd. | 583,442 | 14,595,558 |
Worley Ltd. | 131,650 | 1,062,714 |
235,591,238 | ||
Security | Number of Shares | Value ($) |
Austria 0.3% | ||
ANDRITZ AG | 25,456 | 892,551 |
Erste Group Bank AG * | 94,423 | 3,218,398 |
OMV AG | 76,188 | 3,167,617 |
Raiffeisen Bank International AG | 62,786 | 1,287,963 |
voestalpine AG | 107,081 | 2,326,585 |
Wienerberger AG | 41,482 | 1,051,661 |
11,944,775 | ||
Belgium 0.7% | ||
Ageas | 72,033 | 3,313,739 |
Anheuser-Busch InBev S.A. | 170,986 | 9,528,084 |
Colruyt S.A. | 23,031 | 1,057,979 |
Groupe Bruxelles Lambert S.A. | 27,479 | 2,471,490 |
KBC Groep N.V. | 86,657 | 5,713,205 |
Proximus SADP | 67,834 | 1,666,093 |
Solvay S.A. | 30,618 | 2,760,542 |
UCB S.A. | 20,476 | 1,879,419 |
Umicore S.A. | 65,131 | 2,702,184 |
31,092,735 | ||
Canada 6.6% | ||
Agnico Eagle Mines Ltd. | 30,525 | 1,448,309 |
Air Canada * | 39,844 | 1,016,618 |
Alimentation Couche-Tard, Inc., B Shares | 205,746 | 6,247,407 |
AltaGas Ltd. | 87,291 | 1,305,122 |
ARC Resources Ltd. | 280,374 | 1,219,789 |
Atco Ltd., Class I | 37,552 | 1,400,979 |
Bank of Montreal | 151,273 | 10,278,698 |
Barrick Gold Corp. | 140,147 | 2,672,748 |
Bausch Health Cos., Inc. * | 139,855 | 3,098,512 |
BCE, Inc. | 93,490 | 4,105,662 |
Brookfield Asset Management, Inc., Class A | 150,159 | 8,979,225 |
Cameco Corp. | 115,393 | 998,035 |
Canadian Imperial Bank of Commerce | 105,479 | 8,027,515 |
Canadian National Railway Co. | 128,057 | 10,855,296 |
Canadian Natural Resources Ltd. | 375,568 | 9,666,536 |
Canadian Pacific Railway Ltd. | 24,979 | 6,190,460 |
Canadian Tire Corp., Ltd., Class A | 29,491 | 2,899,778 |
Celestica, Inc. * | 154,849 | 975,917 |
Cenovus Energy, Inc. | 581,025 | 4,272,147 |
CGI, Inc. * | 48,769 | 3,426,382 |
CI Financial Corp. | 123,516 | 2,051,009 |
Crescent Point Energy Corp. | 974,821 | 2,650,647 |
Dollarama, Inc. | 45,666 | 1,342,407 |
Empire Co., Ltd., A Shares | 92,778 | 2,072,792 |
Enbridge, Inc. | 270,305 | 10,060,296 |
Fairfax Financial Holdings Ltd. | 4,853 | 2,090,404 |
Finning International, Inc. | 83,612 | 1,237,035 |
First Quantum Minerals Ltd. | 213,671 | 1,579,034 |
Fortis, Inc. | 82,504 | 3,338,635 |
George Weston Ltd. | 39,722 | 2,990,210 |
Gibson Energy, Inc. | 66,836 | 1,275,627 |
Gildan Activewear, Inc. | 47,886 | 1,159,738 |
Great-West Lifeco, Inc. | 71,203 | 1,674,585 |
H&R Real Estate Investment Trust | 77,891 | 1,126,282 |
Security | Number of Shares | Value ($) |
Husky Energy, Inc. | 280,357 | 1,334,586 |
Hydro One Ltd. | 98,613 | 1,979,092 |
Imperial Oil Ltd. | 115,081 | 2,519,634 |
Intact Financial Corp. | 21,245 | 2,302,630 |
Inter Pipeline Ltd. | 105,471 | 1,560,438 |
Keyera Corp. | 51,274 | 1,230,714 |
Linamar Corp. | 33,377 | 918,001 |
Loblaw Cos. Ltd. | 60,254 | 2,984,982 |
Magna International, Inc. | 240,295 | 10,935,763 |
Manulife Financial Corp. | 413,715 | 6,953,038 |
Methanex Corp. | 33,962 | 977,608 |
Metro, Inc. | 69,051 | 2,689,303 |
National Bank of Canada | 70,734 | 3,676,471 |
Nutrien Ltd. | 85,432 | 3,452,666 |
Onex Corp. | 34,512 | 1,937,516 |
Open Text Corp. | 25,596 | 1,071,625 |
Ovintiv, Inc. | 80,577 | 931,016 |
Pembina Pipeline Corp. | 77,321 | 2,785,019 |
Power Corp. of Canada | 301,028 | 6,653,630 |
RioCan Real Estate Investment Trust | 64,479 | 1,204,223 |
Rogers Communications, Inc., B Shares | 93,079 | 4,265,124 |
Royal Bank of Canada | 274,576 | 20,418,055 |
Saputo, Inc. | 63,393 | 1,764,341 |
Shaw Communications, Inc., B Shares | 146,278 | 2,531,410 |
SNC-Lavalin Group, Inc. | 124,898 | 2,902,982 |
Sun Life Financial, Inc. | 120,500 | 5,205,643 |
Suncor Energy, Inc. | 568,529 | 15,666,471 |
TC Energy Corp. | 151,359 | 7,888,461 |
Teck Resources Ltd., Class B | 219,060 | 2,203,084 |
TELUS Corp. | 70,538 | 2,545,432 |
TFI International, Inc. | 33,100 | 1,020,851 |
The Bank of Nova Scotia | 305,090 | 15,959,638 |
The Toronto-Dominion Bank | 319,802 | 16,448,117 |
Thomson Reuters Corp. | 61,723 | 4,584,796 |
TransAlta Corp. | 198,957 | 1,489,565 |
Waste Connections, Inc. | 17,128 | 1,649,065 |
West Fraser Timber Co., Ltd. | 32,206 | 1,202,492 |
WSP Global, Inc. | 21,768 | 1,434,659 |
291,011,977 | ||
Denmark 1.0% | ||
AP Moller - Maersk A/S, A Shares | 2,739 | 2,574,676 |
AP Moller - Maersk A/S, B Shares | 4,163 | 4,142,715 |
Carlsberg A/S, B Shares | 19,584 | 2,555,104 |
Coloplast A/S, B Shares | 11,085 | 1,474,274 |
Danske Bank A/S | 297,030 | 4,569,088 |
DSV PANALPINA A/S | 28,389 | 2,845,097 |
ISS A/S | 94,886 | 1,687,631 |
Maersk Drilling A/S * | 15,190 | 666,264 |
Novo Nordisk A/S, B Shares | 210,831 | 12,265,922 |
Novozymes A/S, B Shares | 32,051 | 1,616,413 |
Orsted A/S | 19,344 | 1,977,292 |
Pandora A/S | 45,861 | 2,047,285 |
Vestas Wind Systems A/S | 40,046 | 3,822,622 |
42,244,383 | ||
Finland 1.1% | ||
Elisa Oyj | 31,674 | 1,807,112 |
Fortum Oyj | 115,186 | 2,439,422 |
Kesko Oyj, B Shares | 34,412 | 2,318,643 |
Kone Oyj, B Shares | 60,876 | 3,410,330 |
Metso Oyj | 30,793 | 988,354 |
Neste Oyj | 88,927 | 3,483,334 |
Nokia Oyj | 1,631,798 | 6,174,983 |
Nokian Renkaat Oyj | 50,883 | 1,317,943 |
Nordea Bank Abp | 1,344,676 | 10,487,118 |
Security | Number of Shares | Value ($) |
Outokumpu Oyj | 401,398 | 1,506,167 |
Sampo Oyj, A Shares | 106,813 | 4,327,082 |
Stora Enso Oyj, R Shares | 258,895 | 3,045,743 |
UPM-Kymmene Oyj | 204,430 | 6,226,940 |
Wartsila Oyj Abp | 140,876 | 1,455,224 |
48,988,395 | ||
France 9.0% | ||
Accor S.A. | 35,044 | 1,257,601 |
Air France-KLM * | 185,586 | 1,408,243 |
Air Liquide S.A. | 87,968 | 11,875,633 |
Airbus SE | 56,106 | 6,662,162 |
Alstom S.A. | 51,190 | 2,501,657 |
Arkema S.A. | 31,838 | 2,974,756 |
Atos SE | 34,753 | 2,569,139 |
AXA S.A. | 681,661 | 15,690,481 |
BNP Paribas S.A. | 480,845 | 23,126,537 |
Bollore S.A. | 269,306 | 918,222 |
Bollore S.A. New * | 1,549 | 5,309 |
Bouygues S.A. | 127,024 | 4,950,506 |
Bureau Veritas S.A. | 53,256 | 1,289,904 |
Capgemini SE | 35,581 | 3,877,908 |
Carrefour S.A. | 536,162 | 9,214,075 |
Casino Guichard Perrachon S.A. (a) | 81,909 | 3,166,147 |
CGG S.A. * | 537,890 | 1,437,526 |
Cie de Saint-Gobain | 342,383 | 11,884,459 |
Cie Generale des Etablissements Michelin S.C.A. | 88,383 | 9,343,391 |
CNP Assurances | 58,835 | 914,476 |
Credit Agricole S.A. | 384,372 | 4,564,126 |
Danone S.A. | 108,322 | 7,581,805 |
Dassault Systemes SE | 6,897 | 1,075,793 |
Eiffage S.A. | 30,040 | 3,181,612 |
Electricite de France S.A. | 416,609 | 5,761,486 |
Engie S.A. | 926,225 | 15,291,695 |
EssilorLuxottica S.A. | 20,392 | 2,757,389 |
Eurazeo SE | 22,995 | 1,530,686 |
Eutelsat Communications S.A. | 70,989 | 954,449 |
Faurecia SE | 53,910 | 2,420,808 |
Hermes International | 2,228 | 1,541,828 |
Iliad S.A. | 9,003 | 1,249,024 |
Ingenico Group S.A. | 11,806 | 1,659,294 |
Kering S.A. | 6,639 | 3,688,601 |
Klepierre S.A. | 34,356 | 1,019,690 |
L'Oreal S.A. | 29,032 | 7,685,536 |
Lagardere S.C.A. | 103,960 | 1,788,291 |
Legrand S.A. | 44,224 | 3,352,842 |
LVMH Moet Hennessy Louis Vuitton SE | 28,208 | 11,490,812 |
Natixis S.A. | 348,294 | 1,402,933 |
Orange S.A. | 1,081,154 | 14,476,761 |
Pernod-Ricard S.A. | 25,737 | 4,138,845 |
Peugeot S.A. | 320,825 | 6,168,939 |
Publicis Groupe S.A. | 67,512 | 2,594,065 |
Rallye S.A. (a) | 290,271 | 2,573,104 |
Renault S.A. | 163,126 | 4,747,525 |
Rexel S.A. | 329,523 | 4,017,805 |
Rubis S.C.A. | 20,536 | 1,100,819 |
Safran S.A. | 38,934 | 5,307,389 |
Sanofi | 302,887 | 27,924,025 |
Schneider Electric SE | 145,624 | 14,476,437 |
SCOR SE | 52,527 | 1,875,194 |
SES S.A. | 132,866 | 1,514,926 |
Societe Generale S.A. | 665,438 | 18,705,014 |
Sodexo S.A. | 24,758 | 2,358,930 |
STMicroelectronics N.V. | 129,649 | 3,476,299 |
Suez | 198,233 | 3,109,455 |
TechnipFMC plc | 127,267 | 1,863,486 |
Security | Number of Shares | Value ($) |
Teleperformance | 6,539 | 1,578,771 |
Thales S.A. | 17,428 | 1,738,255 |
Total S.A. | 1,189,743 | 50,157,777 |
Valeo S.A. | 152,504 | 3,816,059 |
Veolia Environnement S.A. | 241,870 | 6,889,135 |
Vinci S.A. | 115,800 | 11,572,699 |
Vivendi S.A. | 248,806 | 6,291,386 |
Wendel S.A. | 9,864 | 1,199,446 |
398,739,378 | ||
Germany 7.9% | ||
adidas AG | 25,060 | 6,896,927 |
Allianz SE | 118,244 | 25,301,614 |
Aurubis AG | 52,676 | 2,473,019 |
BASF SE | 479,723 | 27,970,589 |
Bayer AG | 332,067 | 23,785,927 |
Bayerische Motoren Werke AG | 251,093 | 16,253,661 |
Beiersdorf AG | 12,643 | 1,317,943 |
Brenntag AG | 67,180 | 2,982,009 |
Commerzbank AG | 807,192 | 4,620,384 |
Continental AG | 65,820 | 7,347,122 |
Covestro AG | 99,763 | 3,779,574 |
Daimler AG | 671,240 | 27,679,118 |
Deutsche Bank AG | 1,118,398 | 9,679,382 |
Deutsche Boerse AG | 16,887 | 2,634,959 |
Deutsche Lufthansa AG | 223,720 | 2,872,761 |
Deutsche Pfandbriefbank AG | 76,575 | 1,069,927 |
Deutsche Post AG | 428,006 | 12,750,279 |
Deutsche Telekom AG | 1,534,023 | 24,864,554 |
Deutsche Wohnen SE | 26,301 | 1,053,341 |
E.ON SE | 1,073,494 | 12,298,838 |
Evonik Industries AG | 78,166 | 1,924,154 |
Freenet AG | 69,880 | 1,357,878 |
Fresenius Medical Care AG & Co. KGaA | 65,097 | 4,956,781 |
Fresenius SE & Co. KGaA | 140,367 | 6,539,803 |
GEA Group AG | 75,946 | 1,997,143 |
Hannover Rueck SE | 13,319 | 2,355,470 |
HeidelbergCement AG | 67,332 | 3,982,050 |
Henkel AG & Co. KGaA | 26,465 | 2,234,066 |
HUGO BOSS AG | 29,646 | 1,288,257 |
Infineon Technologies AG | 180,462 | 3,725,505 |
K+S AG | 147,794 | 1,199,724 |
KION Group AG | 19,558 | 1,035,504 |
Kloeckner & Co. SE | 161,770 | 884,216 |
LANXESS AG | 36,209 | 1,881,697 |
Leoni AG * | 73,870 | 730,282 |
Merck KGaA | 21,381 | 2,561,143 |
METRO AG | 168,287 | 1,938,203 |
MTU Aero Engines AG | 6,150 | 1,490,931 |
Muenchener Rueckversicherungs-Gesellschaft AG | 44,242 | 11,211,469 |
OSRAM Licht AG | 23,526 | 1,205,535 |
OSRAM Licht AG * | 27,070 | 1,211,108 |
ProSiebenSat.1 Media SE | 155,467 | 1,873,376 |
Rheinmetall AG | 12,484 | 1,128,858 |
RTL Group S.A. | 20,685 | 857,961 |
RWE AG | 353,757 | 12,108,285 |
Salzgitter AG | 57,838 | 948,852 |
SAP SE | 109,625 | 13,433,781 |
Siemens AG | 251,756 | 25,773,648 |
Symrise AG | 13,382 | 1,295,610 |
Telefonica Deutschland Holding AG | 413,253 | 1,071,747 |
ThyssenKrupp AG | 228,142 | 2,180,743 |
Uniper SE | 203,582 | 5,979,721 |
United Internet AG | 35,428 | 1,051,118 |
Security | Number of Shares | Value ($) |
Volkswagen AG | 22,627 | 3,785,359 |
Vonovia SE | 49,194 | 2,625,124 |
347,457,030 | ||
Hong Kong 1.7% | ||
AIA Group Ltd. | 1,026,102 | 10,125,335 |
BOC Hong Kong Holdings Ltd. | 774,167 | 2,657,364 |
China Mengniu Dairy Co., Ltd. * | 365,398 | 1,310,511 |
CK Asset Holdings Ltd. | 525,482 | 3,283,820 |
CK Hutchison Holdings Ltd. | 697,281 | 6,070,860 |
CLP Holdings Ltd. | 419,194 | 4,400,083 |
Galaxy Entertainment Group Ltd. | 321,303 | 2,121,254 |
Hang Seng Bank Ltd. | 108,801 | 2,268,709 |
Henderson Land Development Co., Ltd. | 202,165 | 927,416 |
Hong Kong & China Gas Co., Ltd. | 853,879 | 1,643,539 |
Hong Kong Exchanges & Clearing Ltd. | 49,537 | 1,626,008 |
Hongkong Land Holdings Ltd. | 208,103 | 1,021,786 |
Jardine Matheson Holdings Ltd. | 58,040 | 3,157,376 |
Jardine Strategic Holdings Ltd. | 51,262 | 1,471,732 |
Lenovo Group Ltd. | 3,647,538 | 2,251,321 |
Li & Fung Ltd. | 16,340,539 | 1,362,926 |
Link REIT | 142,075 | 1,316,277 |
MTR Corp. Ltd. | 289,853 | 1,630,947 |
New World Development Co., Ltd. | 1,955,911 | 2,514,834 |
Noble Group Ltd. *(a)(b) | 54,070,092 | 581,107 |
PCCW Ltd. | 2,328,867 | 1,401,555 |
Sands China Ltd. | 551,266 | 2,564,258 |
Sino Land Co., Ltd. | 659,603 | 897,183 |
SJM Holdings Ltd. | 1,038,609 | 1,175,474 |
Sun Hung Kai Properties Ltd. | 326,215 | 4,638,059 |
Swire Pacific Ltd., A Shares | 229,702 | 2,069,162 |
Swire Pacific Ltd., B Shares | 382,501 | 535,979 |
Techtronic Industries Co., Ltd. | 174,843 | 1,414,575 |
The Wharf Holdings Ltd. (a) | 799,482 | 1,686,565 |
Want Want China Holdings Ltd. | 1,312,234 | 1,013,679 |
WH Group Ltd. | 3,782,181 | 3,843,793 |
Wharf Real Estate Investment Co., Ltd. | 170,612 | 773,912 |
Wheelock & Co., Ltd. | 272,018 | 2,071,624 |
Yue Yuen Industrial Holdings Ltd. | 520,572 | 1,254,495 |
77,083,518 | ||
Ireland 0.1% | ||
Bank of Ireland Group plc | 313,933 | 1,157,282 |
Kerry Group plc, A Shares | 16,600 | 2,096,940 |
3,254,222 | ||
Israel 0.3% | ||
Bank Hapoalim B.M. | 238,024 | 1,859,115 |
Bank Leumi Le-Israel | 230,243 | 1,494,331 |
Bezeq The Israeli Telecommunication Corp., Ltd. * | 2,388,159 | 1,752,438 |
Israel Chemicals Ltd. | 300,469 | 1,112,753 |
Teva Pharmaceutical Industries Ltd. * | 432,083 | 5,203,955 |
11,422,592 | ||
Italy 3.4% | ||
A2A S.p.A. | 558,367 | 965,701 |
Assicurazioni Generali S.p.A. | 444,913 | 7,946,498 |
Atlantia S.p.A. | 143,962 | 3,065,447 |
Banco BPM S.p.A. * | 784,613 | 1,708,633 |
BPER Banca | 266,448 | 1,053,354 |
CNH Industrial N.V. | 394,516 | 3,618,522 |
Enel S.p.A. | 3,570,627 | 29,714,239 |
Eni S.p.A. | 1,841,545 | 22,570,899 |
Security | Number of Shares | Value ($) |
EXOR N.V. | 131,979 | 9,289,824 |
Fiat Chrysler Automobiles N.V. | 879,713 | 10,863,374 |
Hera S.p.A. | 280,564 | 1,195,143 |
Intesa Sanpaolo S.p.A. | 6,311,822 | 15,242,681 |
Leonardo S.p.A. | 155,158 | 1,574,462 |
Mediobanca Banca di Credito Finanziario S.p.A. | 124,493 | 1,119,977 |
Pirelli & C S.p.A. | 174,152 | 813,587 |
Poste Italiane S.p.A. | 130,320 | 1,376,244 |
Prysmian S.p.A. | 82,640 | 1,940,788 |
Saipem S.p.A. * | 285,271 | 1,070,110 |
Saras S.p.A. | 678,880 | 794,187 |
Snam S.p.A. | 546,107 | 2,682,024 |
Telecom Italia S.p.A. * | 12,595,257 | 6,919,011 |
Tenaris S.A. | 165,233 | 1,482,493 |
Terna Rete Elettrica Nazionale S.p.A. | 275,562 | 1,813,119 |
UniCredit S.p.A. | 1,251,994 | 15,867,662 |
Unione di Banche Italiane S.p.A. | 694,324 | 2,834,882 |
Unipol Gruppo S.p.A. | 246,678 | 1,213,103 |
148,735,964 | ||
Japan 24.9% | ||
Aeon Co., Ltd. | 316,653 | 5,913,850 |
AGC, Inc. | 129,816 | 3,730,864 |
Air Water, Inc. | 88,567 | 1,173,339 |
Aisin Seiki Co., Ltd. | 152,358 | 4,943,707 |
Ajinomoto Co., Inc. | 172,828 | 2,903,299 |
Alfresa Holdings Corp. | 105,287 | 1,850,685 |
Alps Alpine Co., Ltd. | 106,019 | 1,630,608 |
Amada Holdings Co., Ltd. | 121,194 | 1,132,560 |
ANA Holdings, Inc. | 59,805 | 1,612,043 |
Asahi Group Holdings Ltd. | 84,383 | 3,246,553 |
Asahi Kasei Corp. | 595,640 | 4,973,744 |
Asics Corp. | 78,638 | 844,958 |
Astellas Pharma, Inc. | 488,287 | 7,691,092 |
Bandai Namco Holdings, Inc. | 43,023 | 2,141,877 |
Bic Camera, Inc. | 106,854 | 944,068 |
Bridgestone Corp. | 345,104 | 11,537,060 |
Brother Industries Ltd. | 116,464 | 2,076,302 |
Canon, Inc. | 451,221 | 11,434,781 |
Casio Computer Co., Ltd. | 76,914 | 1,324,149 |
Central Japan Railway Co. | 44,396 | 7,318,045 |
Chubu Electric Power Co., Inc. | 452,950 | 5,910,417 |
Chugai Pharmaceutical Co., Ltd. | 15,810 | 1,717,092 |
Citizen Watch Co., Ltd. | 203,946 | 807,351 |
Coca-Cola Bottlers Japan Holdings, Inc. | 55,344 | 1,275,018 |
COMSYS Holdings Corp. | 39,600 | 978,023 |
Concordia Financial Group Ltd. | 398,223 | 1,373,374 |
Cosmo Energy Holdings Co., Ltd. | 76,718 | 1,281,656 |
Dai Nippon Printing Co., Ltd. | 175,114 | 4,212,866 |
Dai-ichi Life Holdings, Inc. | 389,681 | 5,341,337 |
Daicel Corp. | 183,599 | 1,584,672 |
Daido Steel Co., Ltd. | 26,740 | 973,017 |
Daiichi Sankyo Co., Ltd. | 86,613 | 5,291,611 |
Daikin Industries Ltd. | 51,338 | 7,008,316 |
Daito Trust Construction Co., Ltd. | 25,472 | 2,591,714 |
Daiwa House Industry Co., Ltd. | 261,741 | 7,229,938 |
Daiwa Securities Group, Inc. | 603,404 | 2,568,795 |
Denka Co., Ltd. | 44,242 | 1,118,919 |
Denso Corp. | 243,777 | 9,537,282 |
Dentsu Group, Inc. | 65,961 | 1,719,578 |
DIC Corp. | 64,009 | 1,518,556 |
Dowa Holdings Co., Ltd. | 32,563 | 1,076,226 |
East Japan Railway Co. | 123,739 | 9,543,269 |
Ebara Corp. | 48,785 | 1,162,808 |
EDION Corp. | 118,760 | 997,511 |
Eisai Co., Ltd. | 42,725 | 3,161,250 |
Security | Number of Shares | Value ($) |
Electric Power Development Co., Ltd. | 107,322 | 2,304,341 |
FANUC Corp. | 31,069 | 5,176,006 |
Fast Retailing Co., Ltd. | 4,825 | 2,390,470 |
Fuji Electric Co., Ltd. | 52,635 | 1,445,858 |
FUJIFILM Holdings Corp. | 144,573 | 7,072,838 |
Fujikura Ltd. | 377,873 | 1,212,108 |
Fujitsu Ltd. | 107,113 | 11,131,848 |
Furukawa Electric Co., Ltd. | 48,819 | 1,075,815 |
H2O Retailing Corp. | 101,952 | 787,336 |
Hakuhodo DY Holdings, Inc. | 97,766 | 1,141,125 |
Hankyu Hanshin Holdings, Inc. | 63,669 | 2,095,443 |
Hanwa Co., Ltd. | 55,618 | 1,142,112 |
Haseko Corp. | 161,820 | 2,085,290 |
Hino Motors Ltd. | 225,157 | 1,861,957 |
Hitachi Construction Machinery Co., Ltd. | 47,084 | 1,162,422 |
Hitachi Ltd. | 609,993 | 20,567,789 |
Hitachi Metals Ltd. | 126,005 | 1,802,491 |
Hokuriku Electric Power Co. * | 159,084 | 1,076,636 |
Honda Motor Co., Ltd. | 1,393,653 | 36,170,505 |
Hoya Corp. | 44,579 | 3,971,257 |
Ibiden Co., Ltd. | 58,913 | 1,304,808 |
Idemitsu Kosan Co., Ltd. | 814,794 | 20,078,083 |
IHI Corp. | 78,641 | 1,654,257 |
Iida Group Holdings Co., Ltd. | 97,529 | 1,319,194 |
Inpex Corp. | 580,022 | 5,016,479 |
Isetan Mitsukoshi Holdings Ltd. | 289,272 | 1,896,030 |
Isuzu Motors Ltd. | 297,918 | 2,806,144 |
ITOCHU Corp. | 505,581 | 11,537,455 |
J Front Retailing Co., Ltd. | 158,987 | 1,690,614 |
Japan Airlines Co., Ltd. | 67,929 | 1,686,496 |
Japan Display, Inc. *(a) | 1,942,074 | 1,098,285 |
Japan Post Bank Co., Ltd. | 118,716 | 1,060,976 |
Japan Post Holdings Co., Ltd. | 547,394 | 4,773,870 |
Japan Tobacco, Inc. | 427,651 | 8,500,290 |
JFE Holdings, Inc. | 578,427 | 5,373,234 |
JGC Holdings Corp. | 132,643 | 1,629,370 |
JSR Corp. | 83,893 | 1,477,743 |
JTEKT Corp. | 202,460 | 1,976,456 |
JXTG Holdings, Inc. | 2,720,032 | 10,944,179 |
K's Holdings Corp. | 134,764 | 1,483,010 |
Kajima Corp. | 207,125 | 2,233,221 |
Kaneka Corp. | 39,759 | 1,072,256 |
Kao Corp. | 72,784 | 5,309,086 |
Kawasaki Heavy Industries Ltd. | 107,301 | 1,949,752 |
Kawasaki Kisen Kaisha Ltd. * | 107,881 | 1,216,180 |
KDDI Corp. | 678,271 | 19,229,154 |
Keio Corp. | 22,481 | 1,081,689 |
Kewpie Corp. | 50,773 | 934,357 |
Keyence Corp. | 8,156 | 2,601,845 |
Kikkoman Corp. | 30,927 | 1,436,465 |
Kinden Corp. | 66,144 | 1,000,147 |
Kintetsu Group Holdings Co., Ltd. | 39,722 | 1,717,917 |
Kirin Holdings Co., Ltd. | 251,228 | 4,832,875 |
Kobe Steel Ltd. | 527,072 | 1,959,448 |
Koito Manufacturing Co., Ltd. | 37,920 | 1,497,605 |
Komatsu Ltd. | 346,962 | 7,020,299 |
Konica Minolta, Inc. | 362,642 | 1,970,131 |
Kubota Corp. | 340,995 | 4,814,679 |
Kuraray Co., Ltd. | 209,673 | 2,184,883 |
Kyocera Corp. | 88,972 | 5,605,653 |
Kyushu Electric Power Co., Inc. | 303,070 | 2,197,198 |
Kyushu Railway Co. | 43,259 | 1,301,399 |
Leopalace21 Corp. *(a) | 440,236 | 1,342,768 |
LIXIL Group Corp. | 176,306 | 2,647,900 |
Makita Corp. | 62,100 | 2,150,313 |
Marubeni Corp. | 1,059,892 | 7,043,347 |
Matsumotokiyoshi Holdings Co., Ltd. | 33,250 | 1,089,684 |
Mazda Motor Corp. | 702,174 | 4,882,311 |
Security | Number of Shares | Value ($) |
Medipal Holdings Corp. | 106,054 | 1,938,891 |
MEIJI Holdings Co., Ltd. | 43,855 | 2,618,330 |
MINEBEA MITSUMI, Inc. | 124,362 | 2,195,200 |
MISUMI Group, Inc. | 43,984 | 928,490 |
Mitsubishi Chemical Holdings Corp. | 918,253 | 6,182,980 |
Mitsubishi Corp. | 444,207 | 11,077,892 |
Mitsubishi Electric Corp. | 940,440 | 11,953,305 |
Mitsubishi Estate Co., Ltd. | 189,403 | 3,237,928 |
Mitsubishi Gas Chemical Co., Inc. | 113,785 | 1,725,789 |
Mitsubishi Heavy Industries Ltd. | 192,864 | 6,113,216 |
Mitsubishi Materials Corp. | 119,305 | 2,727,540 |
Mitsubishi Motors Corp. | 495,887 | 1,650,428 |
Mitsubishi UFJ Financial Group, Inc. | 4,821,347 | 23,774,853 |
Mitsui & Co., Ltd. | 744,047 | 12,302,488 |
Mitsui Chemicals, Inc. | 117,554 | 2,549,101 |
Mitsui Fudosan Co., Ltd. | 204,139 | 4,688,772 |
Mitsui Mining & Smelting Co., Ltd. | 49,072 | 1,177,837 |
Mitsui OSK Lines Ltd. | 102,739 | 2,134,502 |
Mizuho Financial Group, Inc. | 8,777,307 | 12,010,666 |
MS&AD Insurance Group Holdings, Inc. | 174,655 | 5,639,673 |
Murata Manufacturing Co., Ltd. | 123,779 | 6,565,055 |
Nagase & Co., Ltd. | 108,922 | 1,309,710 |
Nagoya Railroad Co., Ltd. | 51,647 | 1,349,770 |
NEC Corp. | 129,356 | 4,844,929 |
NGK Insulators Ltd. | 102,823 | 1,617,676 |
NGK Spark Plug Co., Ltd. | 88,780 | 1,460,942 |
NH Foods Ltd. | 78,477 | 2,961,122 |
NHK Spring Co., Ltd. | 169,229 | 1,292,771 |
Nichirei Corp. | 44,800 | 1,143,414 |
Nidec Corp. | 25,087 | 2,972,344 |
Nikon Corp. | 158,701 | 1,631,664 |
Nintendo Co., Ltd. | 7,343 | 2,469,111 |
Nippon Electric Glass Co., Ltd. | 54,274 | 917,272 |
Nippon Express Co., Ltd. | 50,356 | 2,413,577 |
Nippon Paper Industries Co., Ltd. | 96,378 | 1,397,443 |
Nippon Shokubai Co., Ltd. | 16,831 | 855,086 |
Nippon Steel Corp. | 792,295 | 8,931,820 |
Nippon Steel Trading Corp. | 24,152 | 980,724 |
Nippon Telegraph & Telephone Corp. | 741,130 | 17,379,950 |
Nippon Yusen K.K. | 208,479 | 2,984,208 |
Nissan Motor Co., Ltd. | 1,898,914 | 8,161,466 |
Nisshin Seifun Group, Inc. | 76,623 | 1,297,118 |
Nisshinbo Holdings, Inc. | 128,786 | 1,098,439 |
Nissin Foods Holdings Co., Ltd. | 19,414 | 1,529,866 |
Nitori Holdings Co., Ltd. | 11,303 | 1,568,158 |
Nitto Denko Corp. | 72,069 | 3,621,323 |
NOK Corp. | 114,783 | 1,458,930 |
Nomura Holdings, Inc. | 1,409,713 | 6,266,698 |
Nomura Real Estate Holdings, Inc. | 50,663 | 1,093,436 |
NSK Ltd. | 282,094 | 2,162,812 |
NTN Corp. | 434,946 | 1,052,435 |
NTT Data Corp. | 181,477 | 2,172,037 |
NTT DOCOMO, Inc. | 420,917 | 11,423,859 |
Obayashi Corp. | 309,015 | 3,119,801 |
Odakyu Electric Railway Co., Ltd. | 56,538 | 1,092,339 |
Oji Holdings Corp. | 542,864 | 2,591,897 |
Olympus Corp. | 173,997 | 3,164,902 |
Omron Corp. | 62,355 | 3,376,009 |
Ono Pharmaceutical Co., Ltd. | 56,504 | 1,157,686 |
Oriental Land Co., Ltd. | 12,444 | 1,414,969 |
ORIX Corp. | 366,854 | 5,924,625 |
Osaka Gas Co., Ltd. | 241,703 | 3,910,182 |
Otsuka Corp. | 25,703 | 1,099,702 |
Otsuka Holdings Co., Ltd. | 125,178 | 4,734,865 |
Pan Pacific International Holdings Corp. | 76,633 | 1,270,290 |
Panasonic Corp. | 1,450,004 | 13,852,771 |
Recruit Holdings Co., Ltd. | 126,915 | 4,421,699 |
Renesas Electronics Corp. * | 202,379 | 1,221,422 |
Security | Number of Shares | Value ($) |
Resona Holdings, Inc. | 753,441 | 2,858,277 |
Ricoh Co., Ltd. | 455,629 | 4,245,187 |
Rohm Co., Ltd. | 24,072 | 1,584,492 |
Ryohin Keikaku Co., Ltd. | 54,070 | 740,884 |
San-Ai Oil Co., Ltd. | 123,286 | 1,078,960 |
Santen Pharmaceutical Co., Ltd. | 63,455 | 1,018,904 |
Secom Co., Ltd. | 38,962 | 3,097,382 |
Sega Sammy Holdings, Inc. | 84,515 | 1,114,957 |
Seiko Epson Corp. | 169,542 | 2,401,707 |
Seino Holdings Co., Ltd. | 100,255 | 1,087,455 |
Sekisui Chemical Co., Ltd. | 188,060 | 2,805,252 |
Sekisui House Ltd. | 293,909 | 5,768,371 |
Seven & i Holdings Co., Ltd. | 328,640 | 11,260,867 |
SG Holdings Co., Ltd. | 58,138 | 1,146,968 |
Shikoku Electric Power Co., Inc. | 103,400 | 787,974 |
Shimadzu Corp. | 45,256 | 1,102,608 |
Shimamura Co., Ltd. | 16,905 | 1,129,978 |
Shimano, Inc. | 11,182 | 1,567,439 |
Shimizu Corp. | 260,042 | 2,367,415 |
Shin-Etsu Chemical Co., Ltd. | 79,013 | 8,896,425 |
Shionogi & Co., Ltd. | 35,576 | 1,927,796 |
Shiseido Co., Ltd. | 32,037 | 1,906,211 |
Showa Denko K.K. | 64,147 | 1,386,834 |
Skylark Holdings Co., Ltd. | 58,290 | 874,364 |
SMC Corp. | 7,548 | 3,013,882 |
Softbank Corp. | 408,038 | 5,343,287 |
SoftBank Group Corp. | 496,535 | 23,076,345 |
Sojitz Corp. | 753,911 | 2,180,691 |
Sompo Holdings, Inc. | 124,622 | 4,639,892 |
Sony Corp. | 206,426 | 12,651,762 |
Stanley Electric Co., Ltd. | 56,001 | 1,368,550 |
Subaru Corp. | 379,064 | 9,205,564 |
Sumitomo Chemical Co., Ltd. | 1,017,109 | 3,705,779 |
Sumitomo Corp. | 479,837 | 6,870,702 |
Sumitomo Electric Industries Ltd. | 626,035 | 7,489,901 |
Sumitomo Forestry Co., Ltd. | 116,639 | 1,738,799 |
Sumitomo Heavy Industries Ltd. | 60,989 | 1,329,867 |
Sumitomo Metal Mining Co., Ltd. | 98,936 | 2,463,196 |
Sumitomo Mitsui Financial Group, Inc. | 478,461 | 15,454,115 |
Sumitomo Mitsui Trust Holdings, Inc. | 100,345 | 3,442,048 |
Sumitomo Realty & Development Co., Ltd. | 70,808 | 2,213,550 |
Sumitomo Rubber Industries Ltd. | 168,332 | 1,752,532 |
Suntory Beverage & Food Ltd. | 37,311 | 1,421,668 |
Suzuken Co., Ltd. | 42,893 | 1,421,615 |
Suzuki Motor Corp. | 174,893 | 7,032,040 |
Sysmex Corp. | 19,515 | 1,251,790 |
T&D Holdings, Inc. | 198,605 | 1,960,917 |
Taiheiyo Cement Corp. | 77,107 | 1,903,638 |
Taisei Corp. | 80,200 | 2,747,314 |
Takashimaya Co., Ltd. | 131,845 | 1,233,316 |
Takeda Pharmaceutical Co., Ltd. | 233,550 | 8,147,672 |
TDK Corp. | 45,380 | 4,396,431 |
Teijin Ltd. | 116,445 | 1,916,190 |
Terumo Corp. | 77,700 | 2,505,359 |
The Chugoku Electric Power Co., Inc. | 156,803 | 2,087,509 |
The Kansai Electric Power Co., Inc. | 445,011 | 4,804,295 |
The Yokohama Rubber Co., Ltd. | 60,348 | 983,001 |
TIS, Inc. | 21,536 | 1,275,808 |
Tobu Railway Co., Ltd. | 57,838 | 1,726,587 |
Toho Gas Co., Ltd. | 36,804 | 1,257,338 |
Toho Holdings Co., Ltd. | 44,130 | 834,610 |
Tohoku Electric Power Co., Inc. | 443,423 | 3,897,140 |
Tokio Marine Holdings, Inc. | 164,230 | 8,832,320 |
Tokyo Electric Power Co. Holdings, Inc. * | 2,159,681 | 8,209,050 |
Tokyo Electron Ltd. | 24,307 | 5,030,861 |
Tokyo Gas Co., Ltd. | 253,262 | 5,125,582 |
Tokyu Corp. | 133,960 | 2,056,624 |
Tokyu Fudosan Holdings Corp. | 232,293 | 1,466,570 |
Security | Number of Shares | Value ($) |
Toppan Printing Co., Ltd. | 183,113 | 3,193,210 |
Toray Industries, Inc. | 781,596 | 4,526,612 |
Toshiba Corp. | 78,176 | 2,119,917 |
Tosoh Corp. | 184,342 | 2,531,039 |
TOTO Ltd. | 42,046 | 1,596,239 |
Toyo Seikan Group Holdings Ltd. | 109,359 | 1,753,962 |
Toyo Suisan Kaisha Ltd. | 30,102 | 1,193,029 |
Toyoda Gosei Co., Ltd. | 64,278 | 1,374,172 |
Toyota Industries Corp. | 63,775 | 3,376,028 |
Toyota Motor Corp. | 1,068,827 | 70,620,962 |
Toyota Tsusho Corp. | 187,772 | 5,683,730 |
TS Tech Co., Ltd. | 43,398 | 1,133,784 |
Tsuruha Holdings, Inc. | 11,743 | 1,364,111 |
Ube Industries Ltd. | 84,955 | 1,550,006 |
Unicharm Corp. | 50,186 | 1,627,503 |
West Japan Railway Co. | 61,038 | 4,310,828 |
Yakult Honsha Co., Ltd. | 18,441 | 843,706 |
Yamada Denki Co., Ltd. | 597,236 | 2,873,643 |
Yamaha Corp. | 32,507 | 1,597,247 |
Yamaha Motor Co., Ltd. | 175,516 | 2,811,771 |
Yamato Holdings Co., Ltd. | 169,342 | 2,672,045 |
Yamazaki Baking Co., Ltd. | 75,371 | 1,282,212 |
Yaskawa Electric Corp. | 40,308 | 1,264,938 |
Yokogawa Electric Corp. | 66,859 | 1,076,661 |
Z Holdings Corp. | 662,365 | 2,413,289 |
1,099,486,625 | ||
Netherlands 2.4% | ||
Aalberts N.V. | 26,920 | 997,996 |
ABN AMRO Bank N.V. | 162,669 | 2,222,825 |
Aegon N.V. | 1,020,369 | 3,442,050 |
Akzo Nobel N.V. | 60,629 | 4,805,039 |
APERAM S.A. | 38,315 | 1,133,826 |
ArcelorMittal S.A. | 623,213 | 8,787,116 |
ASML Holding N.V. | 24,272 | 6,614,736 |
ASR Nederland N.V. | 49,045 | 1,622,669 |
Boskalis Westminster | 56,060 | 1,218,958 |
Heineken Holding N.V. | 31,158 | 2,731,194 |
Heineken N.V. | 42,089 | 4,171,109 |
ING Groep N.V. | 1,293,058 | 12,227,872 |
Koninklijke Ahold Delhaize N.V. | 613,317 | 14,268,920 |
Koninklijke DSM N.V. | 35,215 | 3,935,884 |
Koninklijke KPN N.V. | 1,349,153 | 3,261,831 |
Koninklijke Philips N.V. | 200,844 | 8,542,291 |
NN Group N.V. | 88,940 | 3,012,948 |
Prosus N.V. * | 10,270 | 718,266 |
Randstad N.V. | 63,589 | 3,262,662 |
Signify N.V. | 90,719 | 2,670,627 |
Unibail-Rodamco-Westfield | 16,378 | 1,960,955 |
Unilever N.V. | 257,143 | 13,449,268 |
Wolters Kluwer N.V. | 36,120 | 2,631,312 |
107,690,354 | ||
New Zealand 0.1% | ||
Contact Energy Ltd. | 250,132 | 1,039,467 |
Fletcher Building Ltd. | 641,572 | 2,065,283 |
Spark New Zealand Ltd. | 692,783 | 1,948,684 |
5,053,434 | ||
Norway 0.7% | ||
DNB A.S.A. | 256,812 | 4,226,968 |
Equinor A.S.A. | 610,081 | 9,097,948 |
Mowi A.S.A. | 95,813 | 2,002,384 |
Norsk Hydro A.S.A. | 892,599 | 2,512,372 |
Orkla A.S.A. | 217,296 | 1,817,415 |
Security | Number of Shares | Value ($) |
Seadrill Ltd. *(a) | 473,225 | 474,134 |
Subsea 7 S.A. | 178,633 | 1,556,660 |
Telenor A.S.A. | 250,666 | 3,978,930 |
Yara International A.S.A. | 95,616 | 3,442,329 |
29,109,140 | ||
Poland 0.3% | ||
Bank Polska Kasa Opieki S.A. | 59,761 | 1,334,456 |
KGHM Polska Miedz S.A. * | 81,017 | 1,449,499 |
PGE Polska Grupa Energetyczna S.A. * | 730,960 | 828,719 |
Polski Koncern Naftowy Orlen S.A. | 224,065 | 3,332,531 |
Polskie Gornictwo Naftowe i Gazownictwo S.A. | 1,115,770 | 896,533 |
Powszechna Kasa Oszczednosci Bank Polski S.A. | 145,256 | 1,152,779 |
Powszechny Zaklad Ubezpieczen S.A. | 175,805 | 1,549,502 |
Tauron Polska Energia S.A. * | 2,551,392 | 711,830 |
11,255,849 | ||
Portugal 0.2% | ||
EDP - Energias de Portugal S.A. | 1,313,316 | 6,087,821 |
Galp Energia, SGPS, S.A. | 211,893 | 2,879,164 |
Jeronimo Martins, SGPS, S.A. | 84,241 | 1,471,761 |
10,438,746 | ||
Republic of Korea 5.4% | ||
Amorepacific Corp. * | 8,840 | 1,171,873 |
CJ CheilJedang Corp. | 4,868 | 978,009 |
CJ Corp. | 16,849 | 1,116,792 |
Coway Co., Ltd. | 13,925 | 789,981 |
Daelim Industrial Co., Ltd. * | 14,324 | 855,076 |
DB Insurance Co., Ltd. | 34,446 | 1,228,087 |
Doosan Heavy Industries & Construction Co., Ltd. * | 246,163 | 1,015,460 |
E-MART, Inc. | 21,991 | 1,901,239 |
GS Holdings Corp. | 39,356 | 1,336,711 |
Hana Financial Group, Inc. | 113,397 | 2,931,796 |
Hankook Tire & Technology Co., Ltd. | 58,102 | 1,219,927 |
Hanwha Corp. | 76,018 | 1,254,970 |
Hanwha Solutions Corp. | 60,285 | 886,033 |
Hyundai Engineering & Construction Co., Ltd. | 49,070 | 1,402,000 |
Hyundai Glovis Co., Ltd. | 13,666 | 1,384,041 |
Hyundai Marine & Fire Insurance Co., Ltd. | 47,855 | 890,509 |
Hyundai Mobis Co., Ltd. | 44,128 | 7,630,202 |
Hyundai Motor Co. | 121,628 | 11,516,855 |
Hyundai Steel Co. | 99,520 | 1,954,345 |
Hyundai Wia Corp. | 26,435 | 836,909 |
Industrial Bank of Korea | 171,034 | 1,339,262 |
KB Financial Group, Inc. | 128,785 | 4,124,937 |
Kia Motors Corp. | 248,976 | 7,431,354 |
Korea Electric Power Corp. * | 411,770 | 7,221,656 |
Korea Gas Corp. | 43,084 | 996,838 |
Korea Shipbuilding & Offshore Engineering Co., Ltd. * | 22,717 | 1,945,301 |
Korea Zinc Co., Ltd. * | 3,685 | 1,257,664 |
Korean Air Lines Co., Ltd. * | 64,186 | 1,178,549 |
KT&G Corp. | 30,420 | 2,121,510 |
LG Chem Ltd. | 19,020 | 5,763,162 |
LG Corp. | 29,443 | 1,636,396 |
LG Display Co., Ltd. * | 474,093 | 5,308,905 |
LG Electronics, Inc. | 113,361 | 5,637,715 |
LG Household & Health Care Ltd. | 1,264 | 1,270,765 |
LG Uplus Corp. | 156,540 | 1,701,382 |
Security | Number of Shares | Value ($) |
Lotte Chemical Corp. | 10,887 | 1,680,784 |
Lotte Shopping Co., Ltd. | 14,313 | 1,121,941 |
NAVER Corp. | 11,977 | 1,715,931 |
POSCO | 74,313 | 11,962,282 |
Posco International Corp. | 63,551 | 782,287 |
S-Oil Corp. | 26,141 | 1,433,504 |
Samsung C&T Corp. | 16,386 | 1,423,403 |
Samsung Electro-Mechanics Co., Ltd. | 20,203 | 2,095,988 |
Samsung Electronics Co., Ltd. | 1,995,563 | 89,056,825 |
Samsung Fire & Marine Insurance Co., Ltd. | 13,052 | 2,127,868 |
Samsung Heavy Industries Co., Ltd. * | 182,855 | 877,764 |
Samsung Life Insurance Co., Ltd. | 26,123 | 1,258,292 |
Samsung SDI Co., Ltd. | 7,970 | 1,935,900 |
Samsung SDS Co., Ltd. | 8,162 | 1,118,957 |
Shinhan Financial Group Co., Ltd. | 167,811 | 4,462,985 |
SK Holdings Co., Ltd. | 14,246 | 2,252,147 |
SK Hynix, Inc. | 172,379 | 12,476,010 |
SK Innovation Co., Ltd. | 61,489 | 5,721,084 |
SK Networks Co., Ltd. | 311,283 | 1,109,803 |
SK Telecom Co., Ltd. | 12,022 | 2,103,479 |
Woori Financial Group, Inc. | 231,730 | 1,833,615 |
239,787,060 | ||
Singapore 0.7% | ||
CapitaLand Ltd. | 568,322 | 1,437,398 |
ComfortDelGro Corp., Ltd. | 852,173 | 1,190,612 |
DBS Group Holdings Ltd. | 314,635 | 5,435,158 |
Golden Agri-Resources Ltd. | 5,948,344 | 852,382 |
Hutchison Port Holdings Trust | 5,536,013 | 813,794 |
Jardine Cycle & Carriage Ltd. | 49,178 | 946,070 |
Keppel Corp., Ltd. | 615,246 | 2,794,769 |
Oversea-Chinese Banking Corp., Ltd. | 617,451 | 4,689,389 |
Sembcorp Industries Ltd. | 628,053 | 823,484 |
Singapore Airlines Ltd. | 332,084 | 1,903,469 |
Singapore Telecommunications Ltd. | 2,293,306 | 4,929,367 |
United Overseas Bank Ltd. | 241,981 | 4,244,247 |
Wilmar International Ltd. | 1,123,903 | 3,196,887 |
33,257,026 | ||
Spain 3.1% | ||
Acerinox S.A. * | 105,644 | 970,365 |
ACS, Actividades de Construccion y Servicios S.A. | 104,275 | 3,075,421 |
Aena SME S.A. | 10,199 | 1,624,448 |
Amadeus IT Group S.A. | 41,868 | 2,920,358 |
Banco Bilbao Vizcaya Argentaria S.A. | 2,709,803 | 12,901,995 |
Banco de Sabadell S.A. | 4,172,458 | 3,626,256 |
Banco Santander S.A. | 9,974,650 | 36,452,777 |
Bankia S.A. | 614,691 | 965,546 |
Bankinter S.A. | 158,504 | 929,740 |
CaixaBank S.A. | 684,432 | 1,744,961 |
Enagas S.A. | 60,386 | 1,552,145 |
Endesa S.A. | 158,932 | 4,055,466 |
Ferrovial S.A. | 92,822 | 2,638,732 |
Grifols S.A. | 42,293 | 1,347,245 |
Iberdrola S.A. | 1,747,988 | 19,815,193 |
Industria de Diseno Textil S.A. | 184,816 | 5,710,701 |
Mapfre S.A. | 518,247 | 1,152,768 |
Naturgy Energy Group S.A. | 133,389 | 3,081,339 |
Red Electrica Corp. S.A. | 94,164 | 1,794,070 |
Repsol S.A. | 860,003 | 9,569,507 |
Telefonica S.A. | 3,264,428 | 19,219,940 |
135,148,973 | ||
Security | Number of Shares | Value ($) |
Sweden 2.2% | ||
Alfa Laval AB | 68,514 | 1,527,150 |
Assa Abloy AB, B Shares | 148,452 | 3,290,563 |
Atlas Copco AB, A Shares | 115,055 | 4,024,213 |
Atlas Copco AB, B Shares | 77,139 | 2,353,531 |
BillerudKorsnas AB | 88,521 | 1,065,528 |
Boliden AB | 107,541 | 2,200,713 |
Electrolux AB, Series B | 93,159 | 1,868,446 |
Epiroc AB, A Shares | 72,518 | 826,899 |
Epiroc AB, B Shares | 48,513 | 536,665 |
Essity AB, B Shares | 123,091 | 3,651,429 |
Hennes & Mauritz AB, B Shares | 420,842 | 7,525,159 |
Hexagon AB, B Shares | 30,291 | 1,601,548 |
Husqvarna AB, B Shares | 136,261 | 902,588 |
ICA Gruppen AB | 30,222 | 1,121,585 |
Industrivarden AB, A Shares | 41,228 | 944,046 |
Industrivarden AB, C Shares | 33,066 | 737,710 |
Investor AB, A Shares | 32,938 | 1,615,797 |
Investor AB, B Shares | 116,134 | 5,717,399 |
Kinnevik AB, B Shares | 50,370 | 1,010,507 |
Sandvik AB | 275,014 | 4,493,220 |
Securitas AB, B Shares | 124,313 | 1,672,021 |
Skandinaviska Enskilda Banken AB, A Shares | 450,154 | 4,245,658 |
Skanska AB, B Shares | 167,041 | 3,599,227 |
SKF AB, B Shares | 167,081 | 2,895,237 |
SSAB AB, A Shares | 186,501 | 563,248 |
SSAB AB, B Shares | 416,910 | 1,190,299 |
Svenska Handelsbanken AB, A Shares | 467,001 | 4,647,323 |
Swedbank AB, A Shares | 383,887 | 5,731,518 |
Swedish Match AB | 35,893 | 2,071,740 |
Tele2 AB, B Shares | 146,389 | 2,105,594 |
Telefonaktiebolaget LM Ericsson, B Shares | 946,653 | 7,487,221 |
Telia Co. AB | 1,275,114 | 4,988,610 |
Trelleborg AB, B Shares | 87,937 | 1,345,118 |
Volvo AB, B Shares | 519,448 | 7,972,467 |
97,529,977 | ||
Switzerland 5.6% | ||
ABB Ltd. | 578,141 | 12,429,479 |
Adecco Group AG | 98,615 | 5,234,608 |
Alcon, Inc. * | 73,639 | 4,485,516 |
Baloise Holding AG | 9,792 | 1,567,003 |
Chocoladefabriken Lindt & Sprungli AG | 11 | 951,185 |
Chocoladefabriken Lindt & Sprungli AG, Participation Certificate | 120 | 933,519 |
Cie Financiere Richemont S.A. | 101,559 | 6,861,882 |
Clariant AG * | 57,364 | 1,201,862 |
Credit Suisse Group AG * | 448,750 | 5,011,610 |
Geberit AG | 4,233 | 2,094,744 |
Georg Fischer AG | 1,455 | 1,234,108 |
Givaudan S.A. | 1,178 | 3,658,317 |
Julius Baer Group Ltd. * | 32,695 | 1,358,196 |
Kuehne & Nagel International AG | 14,798 | 2,148,726 |
LafargeHolcim Ltd. * | 161,979 | 7,481,875 |
Lonza Group AG | 5,719 | 2,259,358 |
Nestle S.A. | 503,427 | 51,411,497 |
Novartis AG | 347,561 | 29,174,370 |
Pargesa Holding S.A. | 13,730 | 1,000,725 |
Roche Holding AG | 122,201 | 39,098,765 |
Roche Holding AG, Bearer Shares | 5,431 | 1,709,058 |
Schindler Holding AG | 2,718 | 581,817 |
Schindler Holding AG, Participation Certificate | 6,202 | 1,374,378 |
Schweizerische Nationalbank (a) | 1,496 | 7,472,659 |
SGS S.A. | 872 | 2,160,293 |
Security | Number of Shares | Value ($) |
Sika AG | 18,302 | 3,240,831 |
Sonova Holding AG | 4,963 | 1,178,261 |
Swiss Life Holding AG | 6,167 | 2,794,407 |
Swiss Prime Site AG | 12,682 | 1,519,822 |
Swiss Re AG | 114,327 | 10,823,830 |
Swisscom AG | 9,034 | 4,793,494 |
The Swatch Group AG | 15,171 | 647,309 |
The Swatch Group AG, Bearer Shares | 11,887 | 2,725,064 |
UBS Group AG * | 871,820 | 9,547,282 |
Zurich Insurance Group AG | 40,964 | 15,696,624 |
245,862,474 | ||
United Kingdom 15.5% | ||
3i Group plc | 165,090 | 2,125,565 |
Admiral Group plc | 41,333 | 1,115,023 |
Aggreko plc | 147,507 | 1,275,918 |
Anglo American plc | 269,314 | 6,163,702 |
Antofagasta plc | 118,471 | 1,137,950 |
Ashtead Group plc | 98,933 | 3,018,912 |
Associated British Foods plc | 121,918 | 3,511,620 |
AstraZeneca plc | 196,854 | 17,082,953 |
Aviva plc | 1,292,277 | 5,790,397 |
Babcock International Group plc | 192,205 | 1,088,808 |
BAE Systems plc | 1,036,657 | 8,055,963 |
Barclays plc (a) | 6,678,261 | 12,687,741 |
Barratt Developments plc | 370,263 | 3,581,080 |
Bellway plc | 42,880 | 2,039,112 |
Berkeley Group Holdings plc | 42,625 | 2,588,313 |
BHP Group plc | 619,267 | 11,219,405 |
BP plc | 11,288,740 | 57,121,326 |
British American Tobacco plc | 597,336 | 23,366,192 |
BT Group plc | 5,553,449 | 10,045,708 |
Bunzl plc | 83,453 | 1,993,319 |
Burberry Group plc | 101,623 | 2,140,454 |
Capita plc * | 672,973 | 1,111,448 |
Carnival plc | 50,954 | 1,584,785 |
Centrica plc | 6,799,847 | 6,263,946 |
Coca-Cola HBC AG * | 43,255 | 1,366,876 |
Compass Group plc | 283,212 | 6,187,681 |
CRH plc | 255,969 | 8,628,194 |
Croda International plc | 18,774 | 1,092,051 |
DCC plc | 32,235 | 2,277,734 |
Diageo plc | 282,659 | 9,984,576 |
Direct Line Insurance Group plc | 719,964 | 2,823,204 |
Dixons Carphone plc | 1,647,821 | 2,561,497 |
Drax Group plc | 332,312 | 1,146,048 |
DS Smith plc | 415,628 | 1,668,031 |
easyJet plc | 130,495 | 1,834,328 |
Experian plc | 110,885 | 3,669,724 |
Ferguson plc | 77,601 | 6,680,675 |
Firstgroup plc * | 1,468,303 | 2,209,297 |
Flutter Entertainment plc | 12,396 | 1,308,791 |
G4S plc | 677,366 | 1,480,790 |
GlaxoSmithKline plc | 1,112,375 | 22,196,321 |
Glencore plc * | 10,131,311 | 25,009,256 |
Hays plc | 695,217 | 1,228,106 |
Hiscox Ltd. | 56,557 | 885,666 |
HSBC Holdings plc (a) | 5,612,588 | 37,558,195 |
IMI plc | 103,648 | 1,331,840 |
Imperial Brands plc | 424,624 | 8,432,808 |
Inchcape plc | 300,318 | 2,213,351 |
Informa plc | 125,157 | 1,090,906 |
InterContinental Hotels Group plc | 32,580 | 1,790,254 |
International Consolidated Airlines Group S.A. | 268,226 | 1,617,097 |
Intertek Group plc | 18,332 | 1,233,996 |
Investec plc | 215,815 | 1,080,865 |
Security | Number of Shares | Value ($) |
ITV plc | 1,662,691 | 2,475,238 |
J Sainsbury plc | 1,927,981 | 4,820,562 |
John Wood Group plc | 291,662 | 1,364,242 |
Johnson Matthey plc | 125,117 | 4,012,880 |
Kingfisher plc | 2,424,846 | 5,864,657 |
Land Securities Group plc | 153,557 | 1,636,972 |
Legal & General Group plc | 1,563,452 | 5,192,196 |
Lloyds Banking Group plc | 19,559,339 | 12,541,545 |
London Stock Exchange Group plc | 16,417 | 1,588,645 |
M&G plc * | 446,456 | 1,133,674 |
Marks & Spencer Group plc | 1,778,386 | 3,598,109 |
Meggitt plc | 224,752 | 1,555,951 |
Micro Focus International plc | 50,649 | 479,189 |
Mondi plc | 178,090 | 3,553,151 |
National Grid plc | 1,638,310 | 20,566,216 |
Next plc | 42,326 | 3,288,114 |
Pearson plc | 290,170 | 2,066,657 |
Pennon Group plc | 126,520 | 1,742,092 |
Persimmon plc | 106,641 | 3,867,076 |
Prudential plc | 444,560 | 7,194,492 |
Reckitt Benckiser Group plc | 113,458 | 8,290,872 |
RELX plc | 241,072 | 5,750,433 |
Rentokil Initial plc | 215,479 | 1,332,120 |
Rio Tinto plc | 373,172 | 17,197,635 |
Rolls-Royce Holdings plc * | 544,374 | 4,311,042 |
Royal Dutch Shell plc, A Shares | 2,341,165 | 49,682,036 |
Royal Dutch Shell plc, B Shares | 1,941,175 | 41,248,366 |
Royal Mail plc | 1,780,313 | 3,694,105 |
RSA Insurance Group plc | 226,045 | 1,497,918 |
Severn Trent plc | 78,893 | 2,483,983 |
Smith & Nephew plc | 133,814 | 2,972,311 |
Smiths Group plc | 111,691 | 2,187,024 |
Smurfit Kappa Group plc | 92,538 | 3,070,806 |
SSE plc | 592,427 | 11,570,057 |
St. James's Place plc | 80,854 | 1,048,756 |
Standard Chartered plc | 965,548 | 6,938,519 |
Standard Life Aberdeen plc | 838,417 | 2,959,997 |
Tate & Lyle plc | 198,808 | 1,791,784 |
Taylor Wimpey plc | 1,322,591 | 3,415,858 |
Tesco plc | 3,296,347 | 9,620,824 |
The British Land Co. plc | 189,333 | 1,211,594 |
The Sage Group plc | 180,253 | 1,569,758 |
The Weir Group plc | 66,607 | 1,110,682 |
Travis Perkins plc | 162,468 | 3,031,874 |
TUI AG | 262,930 | 2,015,044 |
Unilever plc | 186,936 | 9,956,854 |
United Utilities Group plc | 226,141 | 2,727,322 |
Virgin Money UK plc * | 799,121 | 1,549,960 |
Vodafone Group plc | 19,483,142 | 33,436,603 |
Whitbread plc | 42,588 | 2,118,246 |
William Hill plc | 601,532 | 1,143,670 |
Wm Morrison Supermarkets plc | 2,085,510 | 4,561,798 |
WPP plc | 623,527 | 5,995,536 |
686,732,843 | ||
Total Common Stock | ||
(Cost $4,594,336,986) | 4,348,918,708 | |
Preferred Stock 1.1% of net assets | ||
Germany 0.6% | ||
Bayerische Motoren Werke AG | 43,894 | 2,242,978 |
FUCHS PETROLUB SE | 27,731 | 1,051,518 |
Henkel AG & Co. KGaA | 42,444 | 3,901,379 |
Volkswagen AG | 128,097 | 20,906,410 |
28,102,285 | ||
Security | Number of Shares | Value ($) |
Italy 0.1% | ||
Telecom Italia S.p.A. - RSP | 6,597,769 | 3,651,198 |
Republic of Korea 0.4% | ||
Hyundai Motor Co., Ltd. | 20,430 | 1,115,281 |
Hyundai Motor Co., Ltd. 2nd | 33,007 | 2,035,590 |
LG Chem Ltd. | 3,879 | 597,261 |
Samsung Electronics Co., Ltd. | 350,465 | 13,144,241 |
16,892,373 | ||
Total Preferred Stock | ||
(Cost $48,586,490) | 48,645,856 | |
Rights 0.0% of net assets | ||
Spain 0.0% | ||
ACS Actividades de Construccion y Servicios S.A. * | 103,075 | 45,097 |
Total Rights | ||
(Cost $50,089) | 45,097 | |
Other Investment Companies 1.2% of net assets | ||
United States 1.2% | ||
Money Market Fund 0.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.53% (c) | 81,830 | 81,830 |
Securities Lending Collateral 1.2% | ||
Wells Fargo Government Money Market Fund, Select Class 1.52% (c) | 53,618,121 | 53,618,121 |
Total Other Investment Companies | ||
(Cost $53,699,951) | 53,699,951 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
Long | ||||||
MSCI EAFE Index, expires 03/20/20 | 204 | 18,523,200 | (1,780,422) |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $49,294,872. |
(b) | Fair-valued by management using significant unobservable inputs in accordance with procedures approved by the fund’s Board of Trustees. |
(c) | The rate shown is the 7-day yield. |
REIT — | Real Estate Investment Trust |
RSP — | Risparmio (Convertible Savings Shares) |
Security | Number of Shares | Value ($) |
Common Stock 99.3% of net assets | ||
Australia 5.0% | ||
Adelaide Brighton Ltd. | 621,496 | 1,202,129 |
ALS Ltd. | 273,086 | 1,471,963 |
Ansell Ltd. | 95,326 | 1,819,258 |
Aristocrat Leisure Ltd. | 120,121 | 2,564,303 |
ASX Ltd. | 40,886 | 1,954,423 |
AusNet Services | 1,549,590 | 1,693,471 |
Australian Pharmaceutical Industries Ltd. | 1,327,888 | 1,023,106 |
Bank of Queensland Ltd. | 423,017 | 2,042,824 |
Bapcor Ltd. | 124,452 | 468,604 |
Beach Energy Ltd. | 484,038 | 547,707 |
Bega Cheese Ltd. (a)(b) | 292,589 | 764,019 |
Breville Group Ltd. | 64,218 | 805,319 |
carsales.com Ltd. | 78,295 | 817,787 |
Challenger Ltd. | 387,060 | 2,268,472 |
Charter Hall Retail REIT | 176,429 | 536,912 |
Cleanaway Waste Management Ltd. | 620,643 | 908,362 |
Cochlear Ltd. | 12,155 | 1,626,869 |
Computershare Ltd. | 238,991 | 2,360,650 |
Costa Group Holdings Ltd. | 236,783 | 451,891 |
Cromwell Property Group | 780,578 | 573,737 |
CSR Ltd. | 887,326 | 2,397,113 |
Dexus | 299,990 | 2,351,969 |
Domino's Pizza Enterprises Ltd. | 17,108 | 613,069 |
Eclipx Group Ltd. * | 601,702 | 562,524 |
Evolution Mining Ltd. | 292,977 | 763,143 |
FlexiGroup Ltd. | 485,451 | 480,447 |
Flight Centre Travel Group Ltd. | 50,135 | 1,054,426 |
G.U.D. Holdings Ltd. | 73,551 | 504,570 |
G8 Education Ltd. | 591,865 | 620,108 |
Genworth Mortgage Insurance Australia Ltd. | 383,680 | 796,556 |
GWA Group Ltd. | 282,426 | 595,448 |
Harvey Norman Holdings Ltd. | 548,159 | 1,311,209 |
Healius Ltd. | 823,616 | 1,614,320 |
IGO Ltd. | 145,406 | 494,065 |
Iluka Resources Ltd. | 150,051 | 806,856 |
Inghams Group Ltd. (a) | 199,822 | 445,770 |
InvoCare Ltd. | 59,231 | 553,743 |
IOOF Holdings Ltd. | 401,064 | 1,466,183 |
IRESS Ltd. | 65,866 | 503,660 |
James Hardie Industries plc | 140,703 | 2,560,976 |
JB Hi-Fi Ltd. | 121,403 | 2,879,722 |
Link Administration Holdings Ltd. | 177,295 | 537,261 |
MACA Ltd. | 1,291,238 | 749,273 |
Magellan Financial Group Ltd. | 20,762 | 746,420 |
McMillan Shakespeare Ltd. | 57,650 | 402,549 |
Mineral Resources Ltd. | 149,746 | 1,597,881 |
Monadelphous Group Ltd. | 154,401 | 1,435,511 |
Myer Holdings Ltd. * | 6,738,202 | 1,477,115 |
nib Holdings Ltd. | 270,636 | 807,900 |
Nine Entertainment Co. Holdings Ltd. | 780,142 | 797,249 |
Northern Star Resources Ltd. | 159,497 | 1,384,168 |
NRW Holdings Ltd. | 347,059 | 537,039 |
Nufarm Ltd. * | 413,691 | 1,362,976 |
Orora Ltd. | 1,065,435 | 1,875,344 |
OZ Minerals Ltd. | 258,836 | 1,501,960 |
Security | Number of Shares | Value ($) |
Pact Group Holdings Ltd. * | 343,594 | 439,741 |
Pendal Group Ltd. | 203,074 | 968,896 |
Perenti Global Ltd. | 722,133 | 628,554 |
Perpetual Ltd. | 40,345 | 997,837 |
Premier Investments Ltd. | 64,086 | 696,646 |
Qantas Airways Ltd. | 652,192 | 2,325,369 |
Qube Holdings Ltd. | 600,386 | 1,130,329 |
REA Group Ltd. | 7,491 | 474,868 |
Regis Resources Ltd. | 251,480 | 653,431 |
Resolute Mining Ltd. * | 742,296 | 488,167 |
Sandfire Resources Ltd. | 225,159 | 618,430 |
Santos Ltd. | 537,398 | 2,366,508 |
SEEK Ltd. | 131,455 | 1,752,746 |
Seven Group Holdings Ltd. | 79,107 | 896,144 |
Seven West Media Ltd. * | 2,869,027 | 305,218 |
Sigma Healthcare Ltd. | 4,245,028 | 1,519,025 |
Southern Cross Media Group Ltd. | 972,878 | 429,675 |
St. Barbara Ltd. | 228,355 | 345,995 |
Super Retail Group Ltd. | 224,479 | 1,173,783 |
Sydney Airport | 305,388 | 1,529,904 |
Tassal Group Ltd. | 158,707 | 393,956 |
The GPT Group | 526,706 | 1,962,851 |
The Star Entertainment Grp Ltd. | 832,152 | 1,958,334 |
TPG Telecom Ltd. | 216,386 | 1,050,547 |
Treasury Wine Estates Ltd. | 206,627 | 1,469,447 |
Vicinity Centres | 1,438,369 | 2,003,159 |
Vocus Group Ltd. * | 193,816 | 429,872 |
Washington H Soul Pattinson & Co., Ltd. | 31,087 | 391,246 |
Whitehaven Coal Ltd. | 289,780 | 373,671 |
94,264,678 | ||
Austria 0.6% | ||
AT&S Austria Technologie & Systemtechnik AG | 35,264 | 610,475 |
BAWAG Group AG | 28,712 | 1,233,162 |
CA Immobilien Anlagen AG | 20,277 | 824,111 |
DO & Co. AG | 5,452 | 473,710 |
EVN AG | 33,694 | 561,089 |
IMMOFINANZ AG * | 37,223 | 952,681 |
Lenzing AG | 15,639 | 1,044,462 |
Oesterreichische Post AG | 43,861 | 1,392,376 |
POLYTEC Holding AG | 55,572 | 388,234 |
S IMMO AG | 23,284 | 613,831 |
UNIQA Insurance Group AG | 117,419 | 1,049,888 |
Verbund AG | 25,361 | 1,194,542 |
Vienna Insurance Group AG Wiener Versicherung Gruppe | 40,001 | 966,660 |
Zumtobel Group AG * | 70,851 | 560,349 |
11,865,570 | ||
Belgium 1.2% | ||
Ackermans & van Haaren N.V. | 14,299 | 2,034,022 |
AGFA-Gevaert N.V. * | 296,787 | 1,300,110 |
Barco N.V. | 4,582 | 975,414 |
Befimmo S.A. | 10,002 | 534,503 |
Bekaert S.A. | 76,676 | 1,641,540 |
bpost S.A. | 239,263 | 1,946,958 |
Cie d'Entreprises CFE | 8,824 | 768,633 |
Security | Number of Shares | Value ($) |
Cofinimmo S.A. | 8,829 | 1,398,482 |
D'Ieteren S.A. N.V. | 36,512 | 2,117,628 |
Econocom Group S.A. N.V. | 162,761 | 452,683 |
Elia Group S.A. N.V. | 14,976 | 1,482,179 |
Euronav N.V. | 128,168 | 1,156,558 |
Gimv N.V. | 10,261 | 587,229 |
Greenyard N.V. *(a) | 136,304 | 592,903 |
Melexis N.V. | 8,141 | 557,116 |
Nyrstar N.V. *(a) | 1,508,927 | 265,197 |
Ontex Group N.V. | 96,904 | 1,447,641 |
Orange Belgium S.A. | 40,374 | 762,800 |
Sofina S.A. | 3,436 | 736,738 |
Telenet Group Holding N.V. * | 43,180 | 1,637,320 |
Tessenderlo Group S.A. * | 29,192 | 875,400 |
23,271,054 | ||
Canada 8.1% | ||
Aecon Group, Inc. | 108,548 | 1,270,376 |
Aimia, Inc. * | 332,717 | 800,593 |
Alacer Gold Corp. * | 159,622 | 721,798 |
Algonquin Power & Utilities Corp. | 147,705 | 2,244,707 |
Allied Properties Real Estate Investment Trust | 30,657 | 1,244,003 |
Altus Group Ltd. | 20,504 | 685,529 |
Artis Real Estate Investment Trust | 157,601 | 1,415,926 |
ATS Automation Tooling Systems, Inc. * | 38,320 | 511,847 |
AutoCanada, Inc. | 101,172 | 851,673 |
Badger Daylighting Ltd. | 18,309 | 428,281 |
Baytex Energy Corp. * | 1,351,131 | 1,248,112 |
Birchcliff Energy Ltd. | 367,087 | 412,934 |
BlackBerry Ltd. * | 266,790 | 1,377,327 |
Boardwalk Real Estate Investment Trust | 30,783 | 1,044,331 |
Bombardier, Inc., B Shares * | 325,029 | 232,449 |
Bonavista Energy Corp. | 3,156,678 | 776,030 |
Bonterra Energy Corp. | 158,016 | 282,518 |
Boyd Group Services, Inc. | 5,478 | 856,990 |
BRP, Inc. | 18,239 | 747,713 |
CAE, Inc. | 106,918 | 2,860,227 |
Calfrac Well Services Ltd. *(a) | 572,832 | 298,717 |
Canadian Apartment Properties REIT | 42,742 | 1,787,245 |
Canadian Utilities Ltd., Class A | 100,498 | 2,973,726 |
Canadian Western Bank | 54,004 | 1,202,905 |
Canfor Corp. * | 163,078 | 1,353,365 |
Canfor Pulp Products, Inc. | 70,190 | 373,866 |
CanWel Building Materials Group Ltd. | 140,697 | 498,914 |
Capital Power Corp. | 89,791 | 2,244,190 |
Cascades, Inc. | 176,246 | 1,432,446 |
CCL Industries, Inc., Class B | 52,052 | 1,718,199 |
Centerra Gold, Inc. * | 209,765 | 1,325,144 |
CES Energy Solutions Corp. | 470,659 | 711,765 |
Chartwell Retirement Residences | 104,575 | 1,015,095 |
Chemtrade Logistics Income Fund (a) | 156,017 | 991,414 |
Choice Properties Real Estate Investment Trust | 63,271 | 637,258 |
Chorus Aviation, Inc. (a) | 163,091 | 788,513 |
Cineplex, Inc. | 80,140 | 1,969,545 |
Cogeco Communications, Inc. | 9,174 | 725,938 |
Cogeco, Inc. | 20,075 | 1,377,964 |
Colliers International Group, Inc. | 12,143 | 984,213 |
Cominar Real Estate Investment Trust | 251,299 | 2,590,962 |
Constellation Software, Inc. | 2,375 | 2,419,374 |
Corus Entertainment, Inc., B Shares | 273,027 | 856,292 |
Cott Corp. | 96,298 | 1,365,181 |
Crombie Real Estate Investment Trust | 58,066 | 627,226 |
Dream Office Real Estate Investment Trust | 85,944 | 2,124,351 |
Eldorado Gold Corp. * | 144,773 | 1,256,457 |
Security | Number of Shares | Value ($) |
Element Fleet Management Corp. | 106,203 | 993,712 |
Emera, Inc. | 31,443 | 1,324,853 |
Enerflex Ltd. | 123,144 | 678,858 |
Enerplus Corp. | 347,812 | 1,510,593 |
Ensign Energy Services, Inc. | 623,784 | 975,861 |
Exchange Income Corp. (a) | 29,943 | 910,770 |
Extendicare, Inc. (a) | 97,803 | 564,661 |
First Capital Real Estate Investment Trust | 75,684 | 1,128,762 |
FirstService Corp. | 8,303 | 823,774 |
Franco-Nevada Corp. | 24,726 | 2,654,313 |
Frontera Energy Corp. | 208,375 | 1,178,207 |
Genworth MI Canada, Inc. | 28,813 | 1,119,379 |
Granite Real Estate Investment Trust | 15,802 | 804,609 |
Great Canadian Gaming Corp. * | 23,187 | 679,364 |
Home Capital Group, Inc. * | 69,803 | 1,479,417 |
Horizon North Logistics, Inc. | 528,223 | 318,740 |
Hudbay Minerals, Inc. | 249,473 | 607,723 |
Hudson's Bay Co. | 291,014 | 2,369,563 |
IAMGOLD Corp. * | 340,063 | 967,736 |
IGM Financial, Inc. | 83,514 | 2,226,667 |
Innergex Renewable Energy, Inc. | 53,065 | 777,978 |
Interfor Corp. * | 122,074 | 1,084,920 |
Intertape Polymer Group, Inc. | 57,381 | 606,575 |
Just Energy Group, Inc. | 289,408 | 275,965 |
Kinross Gold Corp. * | 599,491 | 3,014,537 |
Kirkland Lake Gold Ltd. | 55,769 | 1,798,518 |
Laurentian Bank of Canada | 32,160 | 914,955 |
Lundin Mining Corp. | 419,067 | 2,138,495 |
Maple Leaf Foods, Inc. | 87,344 | 1,456,221 |
Martinrea International, Inc. | 236,088 | 2,022,581 |
Medical Facilities Corp. | 93,843 | 220,914 |
MEG Energy Corp. * | 433,156 | 1,994,192 |
Morneau Shepell, Inc. | 27,522 | 679,464 |
Mullen Group Ltd. | 213,596 | 1,249,099 |
NFI Group, Inc. | 57,355 | 1,257,892 |
Norbord, Inc. | 60,529 | 1,607,523 |
Northland Power, Inc. | 65,866 | 1,464,180 |
Northview Apartment Real Estate Investment Trust | 24,358 | 653,248 |
OceanaGold Corp. | 561,734 | 820,202 |
Pan American Silver Corp. | 143,049 | 2,831,461 |
Parex Resources, Inc. * | 65,888 | 901,184 |
Parkland Fuel Corp. | 86,731 | 2,726,598 |
Pason Systems, Inc. | 59,213 | 543,012 |
Peyto Exploration & Development Corp. (a) | 653,818 | 1,071,553 |
PrairieSky Royalty Ltd. | 67,748 | 628,348 |
Precision Drilling Corp. * | 1,348,995 | 1,668,217 |
Premium Brands Holdings Corp. | 12,803 | 897,789 |
Quebecor, Inc., Class B | 77,415 | 1,808,570 |
Restaurant Brands International, Inc. | 35,210 | 2,075,065 |
Richelieu Hardware Ltd. | 48,979 | 1,002,312 |
Ritchie Bros. Auctioneers, Inc. | 29,791 | 1,181,342 |
Rogers Sugar, Inc. (a) | 130,662 | 480,851 |
Russel Metals, Inc. | 141,082 | 2,070,485 |
Secure Energy Services, Inc. | 320,108 | 956,258 |
SEMAFO, Inc. * | 214,919 | 425,883 |
Seven Generations Energy Ltd., A Shares * | 209,329 | 860,801 |
ShawCor Ltd. | 159,222 | 998,733 |
Sherritt International Corp. * | 692,406 | 85,110 |
SmartCentres Real Estate Investment Trust | 59,518 | 1,276,067 |
Stantec, Inc. | 84,065 | 2,511,272 |
Stella-Jones, Inc. | 36,942 | 938,170 |
Superior Plus Corp. | 192,361 | 1,437,316 |
The North West Co., Inc. | 57,847 | 1,107,080 |
The Stars Group, Inc. * | 38,111 | 873,315 |
Security | Number of Shares | Value ($) |
TMX Group Ltd. | 17,994 | 1,497,456 |
Toromont Industries Ltd. | 36,352 | 1,797,086 |
Tourmaline Oil Corp. | 192,037 | 1,595,122 |
Transcontinental, Inc., Class A | 157,335 | 1,901,124 |
Trican Well Service Ltd. *(a) | 1,327,614 | 860,449 |
Turquoise Hill Resources Ltd. * | 1,187,741 | 637,072 |
Uni-Select, Inc. | 91,443 | 734,351 |
Vermilion Energy, Inc. (a) | 154,184 | 1,546,032 |
Western Forest Products, Inc. (a) | 1,166,708 | 929,994 |
Westshore Terminals Investment Corp. | 46,646 | 489,621 |
Wheaton Precious Metals Corp. | 102,139 | 2,904,344 |
Whitecap Resources, Inc. (a) | 563,386 | 1,653,623 |
Winpak Ltd. | 21,196 | 694,296 |
Yamana Gold, Inc. | 651,392 | 2,537,922 |
154,153,934 | ||
Denmark 1.3% | ||
Chr Hansen Holding A/S | 17,248 | 1,219,224 |
D/S Norden A/S (a) | 64,479 | 741,165 |
Demant A/S * | 35,013 | 1,062,770 |
Dfds A/S | 31,141 | 1,071,121 |
FLSmidth & Co. A/S | 55,297 | 1,867,848 |
Genmab A/S * | 2,570 | 574,960 |
GN Store Nord A/S | 32,966 | 1,817,136 |
H. Lundbeck A/S | 22,644 | 775,531 |
Jyske Bank A/S * | 63,439 | 2,162,455 |
Matas A/S | 70,034 | 576,484 |
Nilfisk Holding A/S * | 34,884 | 713,765 |
NKT A/S * | 52,663 | 1,283,453 |
Rockwool International A/S, B Shares | 5,089 | 1,167,684 |
Royal Unibrew A/S | 16,080 | 1,373,258 |
Scandinavian Tobacco Group A/S, Class A | 91,975 | 1,174,842 |
Schouw & Co. A/S | 15,582 | 1,163,528 |
SimCorp A/S | 7,659 | 729,520 |
Spar Nord Bank A/S | 70,373 | 591,687 |
Sydbank A/S | 88,232 | 1,621,161 |
Topdanmark A/S | 15,865 | 684,211 |
Tryg A/S | 57,475 | 1,581,520 |
23,953,323 | ||
Finland 1.2% | ||
Aktia Bank Oyj | 53,424 | 600,920 |
Cargotec Oyj, B Shares | 67,393 | 1,924,723 |
Caverion Oyj | 92,700 | 643,542 |
Finnair Oyj | 94,105 | 493,693 |
Huhtamaki Oyj | 65,696 | 2,691,708 |
Kemira Oyj | 112,746 | 1,420,511 |
Konecranes Oyj | 60,897 | 1,781,342 |
Metsa Board Oyj | 195,539 | 1,110,463 |
Orion Oyj, Class B | 65,561 | 2,588,956 |
Outotec Oyj * | 165,855 | 837,315 |
Sanoma Oyj | 97,174 | 1,097,295 |
TietoEVRY Oyj | 76,564 | 2,156,367 |
Tokmanni Group Corp. | 50,486 | 671,022 |
Uponor Oyj | 69,870 | 909,472 |
Valmet Oyj | 83,470 | 1,958,447 |
YIT Oyj | 165,906 | 1,097,081 |
21,982,857 | ||
France 4.2% | ||
Aeroports de Paris | 11,501 | 1,690,331 |
Albioma S.A. | 25,657 | 834,215 |
ALD S.A. | 184,024 | 2,429,736 |
Altarea S.C.A. | 3,225 | 614,978 |
Security | Number of Shares | Value ($) |
Alten S.A. | 15,213 | 1,676,085 |
Altran Technologies S.A. | 68,190 | 1,088,345 |
Amundi S.A. | 28,247 | 2,005,954 |
Beneteau S.A. | 45,641 | 428,899 |
BioMerieux | 12,860 | 1,177,407 |
Bonduelle S.C.A. | 23,715 | 534,020 |
Cie Plastic Omnium S.A. | 73,562 | 1,612,851 |
Coface S.A. | 79,353 | 865,987 |
Covivio | 20,089 | 2,118,409 |
Dassault Aviation S.A. | 820 | 845,784 |
Derichebourg S.A. | 243,690 | 811,609 |
Edenred | 59,056 | 3,059,920 |
Elior Group S.A. | 177,204 | 2,213,167 |
Elis S.A. | 125,930 | 2,178,662 |
Eramet (a) | 11,110 | 359,035 |
Eurofins Scientific SE | 2,690 | 1,343,856 |
Euronext N.V. | 24,781 | 2,048,356 |
Europcar Mobility Group (a) | 150,212 | 566,611 |
Fnac Darty S.A. * | 20,210 | 912,850 |
Gaztransport Et Technigaz S.A. | 6,847 | 602,439 |
Gecina S.A. | 13,292 | 2,346,315 |
Getlink SE | 176,895 | 2,833,043 |
ICADE | 21,863 | 2,167,390 |
Imerys S.A. | 55,117 | 2,123,857 |
Ipsen S.A. | 9,690 | 623,737 |
IPSOS | 60,320 | 1,845,299 |
JCDecaux S.A. | 54,254 | 1,239,582 |
Kaufman & Broad S.A. | 18,748 | 746,729 |
Korian S.A. | 34,822 | 1,574,379 |
Latecoere SACA * | 138,055 | 468,588 |
LISI | 18,538 | 572,202 |
Maisons du Monde S.A. | 49,955 | 607,445 |
Mercialys S.A. | 76,217 | 874,880 |
Mersen S.A. | 16,816 | 489,496 |
Metropole Television S.A. | 85,004 | 1,242,790 |
Nexans S.A. | 67,300 | 3,045,737 |
Nexity S.A. | 43,517 | 1,993,311 |
Orpea | 16,119 | 2,062,739 |
Quadient | 101,829 | 2,161,020 |
Remy Cointreau S.A. | 7,071 | 708,751 |
Rothschild & Co. | 22,141 | 525,329 |
SEB S.A. | 14,286 | 1,870,540 |
Societe BIC S.A. | 36,332 | 2,185,011 |
Solocal Group * | 1,268,439 | 642,598 |
Sopra Steria Group | 12,721 | 2,035,921 |
SPIE S.A. | 135,362 | 2,557,439 |
Tarkett S.A. | 71,405 | 1,145,148 |
Technicolor S.A. *(a) | 1,925,737 | 502,601 |
Television Francaise 1 S.A. | 183,185 | 1,393,445 |
Trigano S.A. | 5,824 | 438,220 |
Ubisoft Entertainment S.A. * | 32,859 | 2,432,011 |
Vallourec S.A. *(a) | 831,229 | 1,573,664 |
Vicat S.A. | 27,192 | 1,057,364 |
Vilmorin & Cie S.A. | 9,336 | 411,743 |
80,517,830 | ||
Germany 3.8% | ||
1&1 Drillisch AG | 21,593 | 462,754 |
Aareal Bank AG | 68,481 | 1,870,042 |
alstria Office REIT-AG | 36,365 | 685,059 |
Aroundtown S.A. | 160,198 | 1,377,485 |
Bauer AG | 31,189 | 480,319 |
BayWa AG | 58,645 | 1,552,488 |
Bechtle AG | 17,836 | 2,329,483 |
Bertrandt AG | 8,443 | 393,690 |
Bilfinger SE | 82,663 | 2,453,447 |
CANCOM SE | 17,462 | 847,422 |
Security | Number of Shares | Value ($) |
Carl Zeiss Meditec AG | 7,511 | 781,731 |
CECONOMY AG * | 314,681 | 1,489,800 |
Cewe Stiftung & Co. KGaA | 5,633 | 594,625 |
CTS Eventim AG & Co., KGaA | 13,863 | 728,498 |
Deutsche Euroshop AG | 26,225 | 637,207 |
Deutz AG | 217,596 | 1,015,828 |
Dialog Semiconductor plc * | 53,741 | 1,806,963 |
Duerr AG | 57,038 | 1,763,692 |
DWS Group GmbH & Co. KGaA | 20,987 | 755,798 |
ElringKlinger AG * | 128,810 | 854,607 |
Fielmann AG | 12,893 | 892,226 |
Fraport AG Frankfurt Airport Services Worldwide | 24,700 | 1,544,879 |
Gerresheimer AG | 23,348 | 1,674,723 |
Grand City Properties S.A. | 29,853 | 695,191 |
GRENKE AG | 5,502 | 505,855 |
Hamburger Hafen und Logistik AG | 24,491 | 514,907 |
Hapag-Lloyd AG | 26,029 | 2,038,577 |
Heidelberger Druckmaschinen AG * | 631,676 | 552,316 |
Hella GmbH & Co. KGaA | 59,339 | 2,433,855 |
HOCHTIEF AG | 19,435 | 1,898,937 |
Hornbach Holding AG & Co. KGaA | 31,827 | 1,779,482 |
Indus Holding AG | 27,603 | 983,900 |
Jenoptik AG | 27,363 | 640,813 |
Knorr-Bremse AG | 15,778 | 1,594,310 |
Koenig & Bauer AG | 14,783 | 352,373 |
Krones AG | 21,122 | 1,313,202 |
LEG Immobilien AG | 17,642 | 2,094,854 |
Nordex SE * | 83,219 | 971,708 |
Norma Group SE | 29,031 | 947,106 |
Pfeiffer Vacuum Technology AG | 3,606 | 539,093 |
Puma SE | 30,830 | 2,343,472 |
QIAGEN N.V. * | 45,815 | 1,670,806 |
Rational AG | 884 | 589,900 |
Rhoen-Klinikum AG | 29,068 | 574,735 |
SAF-Holland S.A. | 81,926 | 496,754 |
Scout24 AG | 32,241 | 2,096,575 |
Siemens Healthineers AG | 34,929 | 1,406,370 |
Siltronic AG | 14,982 | 1,385,348 |
Sixt SE | 11,330 | 980,700 |
Software AG | 40,323 | 1,306,637 |
Stabilus S.A. | 12,668 | 674,607 |
Stroeer SE & CO. KGaA | 8,388 | 616,864 |
Suedzucker AG | 169,071 | 2,613,024 |
TAG Immobilien AG | 47,005 | 1,132,820 |
Takkt AG | 54,841 | 690,351 |
Talanx AG * | 41,536 | 1,835,046 |
Wacker Chemie AG | 23,127 | 1,612,636 |
Wacker Neuson SE | 36,307 | 502,905 |
Wirecard AG | 8,854 | 1,117,966 |
Zalando SE * | 34,202 | 1,485,110 |
71,981,871 | ||
Hong Kong 4.2% | ||
AAC Technologies Holdings, Inc. | 462,465 | 3,029,473 |
ASM Pacific Technology Ltd. | 173,637 | 2,057,651 |
BOC Aviation Ltd. | 80,555 | 699,283 |
Brightoil Petroleum Holdings Ltd. *(b) | 2,380,161 | — |
Cafe de Coral Holdings Ltd. | 344,250 | 754,491 |
Cathay Pacific Airways Ltd. (a) | 1,048,529 | 1,348,158 |
China Harmony New Energy Auto Holding Ltd. | 2,170,597 | 1,072,340 |
China Travel International Investment Hong Kong Ltd. | 4,104,407 | 647,811 |
Chow Tai Fook Jewellery Group Ltd. | 1,530,876 | 1,325,978 |
CITIC Telecom International Holdings Ltd. | 1,653,946 | 598,498 |
CK Infrastructure Holdings Ltd. | 81,078 | 552,446 |
Security | Number of Shares | Value ($) |
Dah Sing Financial Holdings Ltd. | 169,190 | 594,864 |
Dairy Farm International Holdings Ltd. | 225,147 | 1,080,706 |
Esprit Holdings Ltd. * | 11,127,093 | 1,856,169 |
First Pacific Co., Ltd. | 6,820,765 | 1,916,769 |
Fortune Real Estate Investment Trust | 517,200 | 555,490 |
Giordano International Ltd. | 2,251,533 | 528,715 |
Global Brands Group Holding Ltd. | 18,575,143 | 965,339 |
Haitong International Securities Group Ltd. | 2,057,094 | 593,922 |
Hang Lung Group Ltd. | 947,779 | 2,388,587 |
Hang Lung Properties Ltd. | 1,236,296 | 2,700,067 |
Huabao International Holdings Ltd. | 1,226,289 | 484,659 |
Hutchison Telecommunications Hong Kong Holdings Ltd. | 2,744,041 | 528,171 |
Hysan Development Co., Ltd. | 233,688 | 842,627 |
IGG, Inc. | 514,877 | 374,610 |
Johnson Electric Holdings Ltd. | 594,944 | 1,371,118 |
K Wah International Holdings Ltd. | 1,617,229 | 778,207 |
Kerry Logistics Network Ltd. | 627,856 | 897,507 |
Kerry Properties Ltd. | 751,094 | 2,134,817 |
L'Occitane International S.A. | 367,381 | 642,076 |
Lifestyle International Holdings Ltd. | 434,699 | 400,503 |
Luk Fook Holdings International Ltd. | 618,969 | 1,509,090 |
Man Wah Holdings Ltd. | 1,697,432 | 1,226,290 |
Melco International Development Ltd. | 534,308 | 1,092,880 |
MGM China Holdings Ltd. | 560,292 | 754,912 |
Minth Group Ltd. | 440,448 | 1,548,595 |
MMG Ltd. * | 4,077,814 | 831,988 |
NagaCorp Ltd. | 467,791 | 641,085 |
NewOcean Energy Holdings Ltd. * | 4,667,962 | 682,849 |
Nexteer Automotive Group Ltd. | 987,022 | 726,995 |
NWS Holdings Ltd. | 1,212,910 | 1,483,249 |
Pacific Basin Shipping Ltd. | 4,598,758 | 684,528 |
Pacific Textiles Holdings Ltd. | 840,837 | 525,452 |
Pou Sheng International Holdings Ltd. | 2,807,156 | 716,823 |
Power Assets Holdings Ltd. | 168,783 | 1,202,027 |
PRADA S.p.A. | 486,848 | 1,580,543 |
Road King Infrastructure Ltd. | 358,647 | 612,084 |
Sa Sa International Holdings Ltd. (a) | 2,168,873 | 411,897 |
Samsonite International S.A. | 1,041,847 | 1,804,805 |
Semiconductor Manufacturing International Corp. *(a) | 1,939,941 | 3,758,876 |
Shangri-La Asia Ltd. | 756,730 | 660,302 |
Shougang Fushan Resources Group Ltd. | 3,607,341 | 698,967 |
Shui On Land Ltd. | 5,228,341 | 1,039,892 |
SITC International Holdings Co., Ltd. | 908,345 | 1,049,025 |
SmarTone Telecommunications Holdings Ltd. | 843,009 | 594,960 |
Sun Art Retail Group Ltd. | 2,454,835 | 3,137,431 |
Swire Properties Ltd. | 402,610 | 1,190,825 |
Television Broadcasts Ltd. | 618,497 | 876,192 |
The Bank of East Asia Ltd. | 854,566 | 1,815,927 |
Tingyi Cayman Islands Holding Corp. | 1,651,105 | 3,004,301 |
Towngas China Co., Ltd. * | 681,173 | 395,083 |
Truly International Holdings Ltd. * | 6,630,162 | 893,318 |
Uni-President China Holdings Ltd. | 925,867 | 955,206 |
Value Partners Group Ltd. | 843,308 | 468,562 |
Vitasoy International Holdings Ltd. | 176,373 | 632,567 |
VSTECS Holdings Ltd. | 1,740,669 | 826,438 |
VTech Holdings Ltd. | 216,267 | 1,891,249 |
Wynn Macau Ltd. | 884,540 | 1,782,008 |
Xinyi Glass Holdings Ltd. | 1,583,778 | 1,959,133 |
Xinyi Solar Holdings Ltd. | 1,128,313 | 893,320 |
80,280,726 | ||
Security | Number of Shares | Value ($) |
Ireland 0.4% | ||
AIB Group plc | 465,366 | 1,072,458 |
Glanbia plc | 143,482 | 1,662,762 |
Irish Continental Group plc | 114,455 | 487,805 |
Kingspan Group plc | 51,883 | 3,251,329 |
Total Produce plc | 687,708 | 906,495 |
7,380,849 | ||
Israel 1.2% | ||
Azrieli Group Ltd. | 13,504 | 982,419 |
Cellcom Israel Ltd. * | 161,877 | 590,220 |
Clal Insurance Enterprises Holdings Ltd. * | 41,070 | 430,415 |
Delek Group Ltd. | 8,724 | 854,029 |
El Al Israel Airlines * | 2,157,329 | 436,236 |
Elbit Systems Ltd. | 10,413 | 1,550,885 |
First International Bank of Israel Ltd. | 27,738 | 743,303 |
Gazit-Globe Ltd. | 130,123 | 1,513,517 |
Harel Insurance Investments & Financial Services Ltd. | 99,654 | 589,121 |
Israel Discount Bank Ltd., A Shares | 620,367 | 2,595,982 |
Mizrahi Tefahot Bank Ltd. | 56,959 | 1,468,268 |
Nice Ltd. * | 12,212 | 1,951,737 |
Oil Refineries Ltd. | 3,575,895 | 1,208,557 |
Partner Communications Co., Ltd. * | 119,667 | 582,329 |
Paz Oil Co., Ltd. | 18,322 | 2,006,740 |
Phoenix Holdings Ltd. | 102,417 | 515,400 |
Shikun & Binui Ltd. | 220,340 | 1,198,447 |
Shufersal Ltd. | 98,677 | 623,196 |
The Israel Corp., Ltd. * | 7,891 | 1,107,913 |
Tower Semiconductor Ltd. * | 74,873 | 1,440,674 |
22,389,388 | ||
Italy 2.5% | ||
ACEA S.p.A. | 43,720 | 909,579 |
Amplifon S.p.A. | 28,244 | 799,194 |
Anima Holding S.p.A. | 282,562 | 1,225,381 |
Astaldi S.p.A. *(a) | 980,290 | 528,278 |
ASTM S.p.A. | 66,818 | 1,645,543 |
Autogrill S.p.A. | 165,249 | 1,325,079 |
Azimut Holding S.p.A. | 83,745 | 1,766,202 |
Banca Carige S.p.A. *(a)(b) | 136,245,279 | 149,659 |
Banca Generali S.p.A. | 29,609 | 906,119 |
Banca IFIS S.p.A. | 33,207 | 501,548 |
Banca Mediolanum S.p.A. | 165,067 | 1,334,499 |
Banca Monte dei Paschi di Siena S.p.A. *(a) | 681,491 | 1,366,165 |
Banca Popolare di Sondrio Scarl | 1,033,600 | 2,450,102 |
Buzzi Unicem S.p.A. | 80,383 | 1,745,184 |
Cerved Group S.p.A. | 120,082 | 1,129,758 |
Danieli & C Officine Meccaniche S.p.A. | 81,953 | 1,215,287 |
Davide Campari-Milano S.p.A. | 130,896 | 1,084,121 |
De'Longhi S.p.A. | 57,123 | 978,849 |
DiaSorin S.p.A. | 5,397 | 607,654 |
Enav S.p.A. | 180,950 | 1,075,316 |
ERG S.p.A. | 61,579 | 1,427,234 |
Esprinet S.p.A. | 151,135 | 813,470 |
Ferrari N.V. | 17,201 | 2,674,507 |
Fincantieri S.p.A. *(a) | 459,414 | 361,829 |
FinecoBank Banca Fineco S.p.A. | 100,352 | 1,046,539 |
Freni Brembo S.p.A. | 119,071 | 1,182,373 |
IMA Industria Macchine Automatiche S.p.A. | 7,413 | 456,404 |
Infrastrutture Wireless Italiane S.p.A. | 61,306 | 622,909 |
Interpump Group S.p.A. | 31,438 | 944,134 |
Security | Number of Shares | Value ($) |
Iren S.p.A. | 707,571 | 2,179,356 |
Italgas S.p.A. | 339,626 | 2,063,779 |
MARR S.p.A. | 28,174 | 519,922 |
Mediaset S.p.A. * | 547,412 | 1,270,556 |
Moncler S.p.A. | 34,567 | 1,337,307 |
OVS S.p.A. * | 683,796 | 1,107,895 |
Piaggio & C S.p.A. | 176,253 | 418,961 |
Recordati S.p.A. | 30,871 | 1,311,648 |
Salini Impregilo S.p.A *(a) | 352,549 | 515,439 |
Salvatore Ferragamo Italia S.p.A. | 49,892 | 783,147 |
Societa Cattolica di Assicurazioni SC | 185,525 | 1,347,051 |
Tod's S.p.A. (a) | 17,127 | 584,336 |
UnipolSai Assicurazioni S.p.A. | 676,473 | 1,670,425 |
47,382,738 | ||
Japan 34.1% | ||
ABC-Mart, Inc. | 18,281 | 1,043,999 |
Acom Co., Ltd. | 158,820 | 653,744 |
Adastria Co., Ltd. | 48,541 | 787,528 |
ADEKA Corp. | 158,596 | 2,092,264 |
Advantest Corp. | 43,060 | 1,962,081 |
Aeon Delight Co., Ltd. | 27,079 | 825,939 |
AEON Financial Service Co., Ltd. | 100,288 | 1,457,855 |
Aeon Mall Co., Ltd. | 103,532 | 1,469,499 |
Ahresty Corp. | 170,790 | 685,598 |
Aica Kogyo Co., Ltd. | 44,055 | 1,304,925 |
Aichi Steel Corp. | 37,261 | 1,034,941 |
Aida Engineering Ltd. | 85,065 | 634,054 |
Ain Holdings, Inc. | 20,160 | 1,166,258 |
Aisan Industry Co., Ltd. | 116,033 | 670,176 |
Alconix Corp. | 56,834 | 585,912 |
Alpen Co., Ltd. | 40,770 | 603,244 |
Amano Corp. | 50,389 | 1,237,944 |
Anritsu Corp. (a) | 65,098 | 1,070,633 |
AOKI Holdings, Inc. | 84,886 | 714,564 |
Aoyama Trading Co., Ltd. | 125,305 | 1,399,829 |
Aozora Bank Ltd. | 103,169 | 2,584,366 |
Arata Corp. | 45,066 | 1,725,514 |
Arcland Sakamoto Co., Ltd. | 58,168 | 589,958 |
Arcs Co., Ltd. | 109,933 | 1,761,129 |
Asahi Diamond Industrial Co., Ltd. | 95,441 | 466,300 |
Asahi Holdings, Inc. | 47,250 | 1,074,531 |
ASKUL Corp. | 21,231 | 598,361 |
Autobacs Seven Co., Ltd. | 95,046 | 1,218,640 |
Avex, Inc. | 70,341 | 661,250 |
Axial Retailing, Inc. | 26,539 | 845,144 |
Azbil Corp. | 97,616 | 2,419,020 |
Belc Co., Ltd. | 12,420 | 596,446 |
Belluna Co., Ltd. | 76,312 | 383,452 |
Benesse Holdings, Inc. | 83,849 | 2,162,591 |
BML, Inc. | 19,781 | 533,472 |
Bunka Shutter Co., Ltd. | 97,585 | 700,234 |
Calbee, Inc. | 52,964 | 1,356,692 |
Canon Electronics, Inc. | 32,366 | 555,712 |
Canon Marketing Japan, Inc. | 75,201 | 1,738,759 |
Capcom Co., Ltd. | 36,114 | 983,664 |
Cawachi Ltd. | 40,994 | 763,139 |
Central Glass Co., Ltd. | 76,722 | 1,459,542 |
Chiyoda Co., Ltd. | 49,007 | 552,927 |
Chiyoda Corp. * | 543,565 | 1,531,950 |
Chubu Shiryo Co., Ltd. | 98,733 | 1,303,442 |
Chudenko Corp. | 36,248 | 755,776 |
Chugoku Marine Paints Ltd. | 75,281 | 644,179 |
CKD Corp. | 74,999 | 1,155,596 |
Cocokara fine, Inc. | 38,796 | 1,782,174 |
Colowide Co., Ltd. | 25,717 | 423,193 |
CONEXIO Corp. | 39,592 | 494,051 |
Security | Number of Shares | Value ($) |
Cosmos Pharmaceutical Corp. | 6,365 | 1,382,580 |
Create SD Holdings Co., Ltd. | 25,611 | 580,293 |
Credit Saison Co., Ltd. | 211,514 | 3,074,713 |
CyberAgent, Inc. | 49,741 | 1,888,373 |
Daido Metal Co., Ltd. | 104,024 | 566,097 |
Daifuku Co., Ltd. | 37,500 | 2,231,957 |
Daihen Corp. | 26,732 | 702,098 |
Daiho Corp. | 29,258 | 622,511 |
Daiichikosho Co., Ltd. | 32,803 | 1,341,132 |
Daikyonishikawa Corp. | 130,662 | 734,077 |
Dainichiseika Color & Chemicals Manufacturing Co., Ltd. | 30,706 | 667,553 |
Daio Paper Corp. (a) | 109,310 | 1,452,197 |
Daiseki Co., Ltd. | 28,517 | 683,150 |
Daiwabo Holdings Co., Ltd. | 41,967 | 2,128,211 |
DCM Holdings Co., Ltd. | 187,227 | 1,706,245 |
DeNA Co., Ltd. | 107,143 | 1,379,703 |
Descente Ltd. | 44,376 | 606,820 |
Dexerials Corp. | 84,139 | 617,792 |
Disco Corp. | 11,920 | 2,417,926 |
DMG Mori Co., Ltd. | 67,058 | 847,356 |
Doshisha Co., Ltd. | 46,267 | 594,074 |
Doutor Nichires Holdings Co., Ltd. | 38,913 | 654,052 |
DTS Corp. | 34,322 | 628,115 |
Duskin Co., Ltd. | 55,747 | 1,441,933 |
DyDo Group Holdings, Inc. | 17,139 | 558,509 |
Eagle Industry Co., Ltd. | 67,400 | 511,756 |
Earth Corp. | 13,072 | 679,868 |
Eizo Corp. | 20,295 | 650,065 |
Exedy Corp. | 81,611 | 1,526,069 |
Ezaki Glico Co., Ltd. | 49,058 | 2,021,627 |
F-Tech, Inc. | 70,993 | 400,823 |
FamilyMart Co., Ltd | 78,300 | 1,732,015 |
Fancl Corp. | 26,080 | 642,661 |
FCC Co., Ltd. | 62,818 | 1,124,568 |
Feed One Co., Ltd. | 432,744 | 621,845 |
Foster Electric Co., Ltd. | 73,137 | 974,346 |
FP Corp. | 12,902 | 775,089 |
Fuji Co., Ltd. | 54,160 | 807,391 |
Fuji Corp. | 84,748 | 1,363,165 |
Fuji Media Holdings, Inc. | 86,440 | 1,021,749 |
Fuji Oil Co., Ltd. | 340,278 | 640,397 |
Fuji Oil Holdings, Inc. | 44,168 | 1,025,734 |
Fuji Seal International, Inc. | 32,052 | 570,824 |
Fuji Soft, Inc. | 21,244 | 702,126 |
Fujimori Kogyo Co., Ltd. | 26,716 | 710,842 |
Fujitec Co., Ltd. | 108,411 | 1,508,598 |
Fujitsu General Ltd. | 82,293 | 1,637,239 |
Fukuoka Financial Group, Inc. | 121,758 | 1,855,747 |
Fukuyama Transporting Co., Ltd. | 36,715 | 1,102,829 |
Funai Electric Co., Ltd. * | 82,668 | 434,550 |
Furukawa Co., Ltd. | 63,814 | 718,214 |
Futaba Corp. | 50,859 | 492,252 |
Futaba Industrial Co., Ltd. | 192,013 | 1,020,011 |
Fuyo General Lease Co., Ltd. | 11,023 | 622,353 |
G-Tekt Corp. | 65,576 | 792,152 |
Geo Holdings Corp. | 110,024 | 1,196,478 |
Glory Ltd. | 75,049 | 1,999,637 |
Gree, Inc. | 186,087 | 759,081 |
GS Yuasa Corp. | 143,886 | 2,543,834 |
GungHo Online Entertainment, Inc. | 60,501 | 957,449 |
Gunze Ltd. | 25,048 | 889,388 |
H-One Co., Ltd. | 77,326 | 443,030 |
Hakuto Co., Ltd. | 45,034 | 458,001 |
Hamakyorex Co., Ltd. | 17,667 | 461,063 |
Hamamatsu Photonics K.K. | 43,676 | 1,694,563 |
Happinet Corp. | 55,867 | 596,143 |
Hazama Ando Corp. | 305,596 | 2,241,009 |
Security | Number of Shares | Value ($) |
Heiwa Corp. | 69,895 | 1,305,044 |
Heiwa Real Estate Co., Ltd. | 25,823 | 719,400 |
Heiwado Co., Ltd. | 73,887 | 1,147,367 |
Hikari Tsushin, Inc. | 7,671 | 1,457,181 |
Hirose Electric Co., Ltd. | 21,045 | 2,235,903 |
HIS Co., Ltd. | 32,167 | 635,199 |
Hisamitsu Pharmaceutical Co., Inc. | 42,435 | 1,902,130 |
Hitachi Capital Corp. | 36,424 | 932,676 |
Hitachi Chemical Co., Ltd. | 106,509 | 4,497,738 |
Hitachi High-Tech Corp. | 59,490 | 4,395,636 |
Hitachi Transport System Ltd. | 50,069 | 1,348,913 |
Hitachi Zosen Corp. | 501,780 | 1,744,472 |
Hokkaido Electric Power Co., Inc. | 488,081 | 2,126,715 |
Hokuetsu Corp. | 276,313 | 1,124,567 |
Hokuhoku Financial Group, Inc. | 155,113 | 1,318,673 |
Horiba Ltd. | 32,642 | 1,782,426 |
Hoshizaki Corp. | 28,103 | 2,381,323 |
Hosiden Corp. | 123,418 | 1,066,385 |
House Foods Group, Inc. | 46,466 | 1,372,032 |
Hulic Co., Ltd. | 142,022 | 1,590,531 |
IDOM, Inc. | 146,031 | 693,162 |
Iino Kaiun Kaisha Ltd. | 185,651 | 569,698 |
Inaba Denki Sangyo Co., Ltd. | 90,444 | 2,004,836 |
Inabata & Co., Ltd. | 160,156 | 1,866,371 |
Internet Initiative Japan, Inc. | 32,781 | 899,263 |
Iriso Electronics Co., Ltd. | 11,199 | 381,035 |
Iseki & Co., Ltd. | 43,905 | 468,906 |
Ishihara Sangyo Kaisha Ltd. | 70,477 | 467,821 |
Ito En Ltd. | 38,081 | 1,680,485 |
Itochu Enex Co., Ltd. | 172,534 | 1,346,810 |
Itochu Techno-Solutions Corp. | 60,718 | 1,685,345 |
Itoham Yonekyu Holdings, Inc. | 439,926 | 2,430,778 |
Iwatani Corp. | 81,578 | 2,681,074 |
Izumi Co., Ltd. | 49,970 | 1,372,652 |
Jaccs Co., Ltd. | 35,539 | 713,646 |
Jafco Co., Ltd. | 24,979 | 950,622 |
Japan Airport Terminal Co., Ltd. | 24,697 | 966,220 |
Japan Aviation Electronics Industry Ltd. | 82,064 | 1,318,471 |
Japan Exchange Group, Inc. | 164,198 | 2,762,892 |
Japan Petroleum Exploration Co., Ltd. | 57,906 | 1,240,632 |
Japan Post Insurance Co., Ltd. | 67,890 | 1,042,912 |
Japan Pulp & Paper Co., Ltd. | 36,461 | 1,176,325 |
Joshin Denki Co., Ltd. | 63,041 | 1,052,583 |
Joyful Honda Co., Ltd. | 87,152 | 918,665 |
Juki Corp. | 66,502 | 424,173 |
JVC Kenwood Corp. | 439,713 | 892,756 |
Kadokawa Dwango * | 61,654 | 807,649 |
Kaga Electronics Co., Ltd. | 61,601 | 1,130,194 |
Kagome Co., Ltd. | 58,621 | 1,265,190 |
Kakaku.com, Inc. | 33,484 | 717,082 |
Kaken Pharmaceutical Co., Ltd. | 26,086 | 1,267,238 |
Kameda Seika Co., Ltd. | 11,687 | 474,024 |
Kamigumi Co., Ltd. | 109,491 | 2,104,249 |
Kanamoto Co., Ltd. | 40,700 | 901,426 |
Kandenko Co., Ltd. | 179,292 | 1,520,903 |
Kanematsu Corp. | 213,880 | 2,323,899 |
Kansai Paint Co., Ltd. | 116,346 | 2,542,322 |
Kasai Kogyo Co., Ltd. | 136,028 | 832,323 |
Kato Sangyo Co., Ltd. | 59,875 | 1,670,827 |
Kato Works Co., Ltd. | 28,589 | 345,618 |
Keihan Holdings Co., Ltd. | 51,085 | 2,074,374 |
Keihin Corp. | 122,294 | 2,931,927 |
Keikyu Corp. | 132,871 | 2,017,732 |
Keisei Electric Railway Co., Ltd. | 58,033 | 1,858,842 |
KH Neochem Co., Ltd. | 28,578 | 554,259 |
Kintetsu World Express, Inc. | 64,048 | 1,005,268 |
Kissei Pharmaceutical Co., Ltd. | 26,133 | 633,549 |
Kitz Corp. | 135,994 | 811,942 |
Security | Number of Shares | Value ($) |
Kobayashi Pharmaceutical Co., Ltd. | 19,445 | 1,415,132 |
Kohnan Shoji Co., Ltd. | 57,185 | 1,152,554 |
Kokusai Pulp & Paper Co., Ltd. | 275,509 | 653,876 |
Kokuyo Co., Ltd. | 122,795 | 1,739,496 |
Komeri Co., Ltd. | 59,309 | 1,072,197 |
Komori Corp. | 71,229 | 543,471 |
Konami Holdings Corp. | 49,458 | 1,785,926 |
Konishi Co., Ltd. | 43,523 | 541,490 |
Konoike Transport Co., Ltd. | 58,834 | 728,164 |
Kose Corp. | 8,629 | 1,035,176 |
Kumagai Gumi Co., Ltd. | 49,589 | 1,318,512 |
Kura Sushi, Inc. | 11,257 | 470,151 |
Kurabo Industries Ltd. | 52,246 | 943,058 |
Kureha Corp. | 22,129 | 1,120,144 |
Kurita Water Industries Ltd. | 103,774 | 2,688,994 |
Kusuri no Aoki Holdings Co., Ltd. | 6,914 | 423,051 |
KYB Corp. * | 72,396 | 1,606,786 |
Kyoei Steel Ltd. | 43,095 | 653,227 |
Kyokuto Kaihatsu Kogyo Co., Ltd. | 54,158 | 623,596 |
Kyokuyo Co., Ltd. | 26,156 | 625,377 |
KYORIN Holdings, Inc. | 54,653 | 1,095,441 |
Kyoritsu Maintenance Co., Ltd. | 11,777 | 361,941 |
Kyowa Exeo Corp. | 99,162 | 2,168,666 |
Kyowa Kirin Co., Ltd. | 136,033 | 3,241,133 |
Kyudenko Corp. | 43,249 | 1,159,161 |
Kyushu Financial Group, Inc. | 266,055 | 907,692 |
Lawson, Inc. | 43,759 | 2,324,564 |
Life Corp. | 45,112 | 983,250 |
Lintec Corp. | 73,761 | 1,579,640 |
Lion Corp. | 128,970 | 2,135,451 |
LIXIL VIVA Corp. | 37,890 | 712,732 |
M3, Inc. | 39,020 | 1,007,831 |
Mabuchi Motor Co., Ltd. | 48,383 | 1,679,825 |
Macnica Fuji Electronics Holdings, Inc. | 111,189 | 1,555,502 |
Maeda Corp. | 173,321 | 1,552,200 |
Maeda Road Construction Co., Ltd. (a) | 80,019 | 2,370,191 |
Makino Milling Machine Co., Ltd. | 29,023 | 987,479 |
Mandom Corp. | 29,679 | 634,495 |
Marudai Food Co., Ltd. | 72,662 | 1,190,319 |
Maruha Nichiro Corp. | 58,198 | 1,222,609 |
Marui Group Co., Ltd. | 109,675 | 2,141,339 |
Maruichi Steel Tube Ltd. | 55,368 | 1,344,868 |
Maruzen Showa Unyu Co., Ltd. | 23,548 | 523,507 |
Max Co., Ltd. | 41,420 | 684,669 |
Maxell Holdings Ltd. | 85,696 | 1,024,078 |
MCJ Co., Ltd. | 75,363 | 434,578 |
Mebuki Financial Group, Inc. | 791,115 | 1,547,539 |
Megmilk Snow Brand Co., Ltd. | 90,416 | 1,823,157 |
Meidensha Corp. | 71,521 | 1,149,747 |
Meitec Corp. | 16,512 | 780,709 |
Ministop Co., Ltd. | 33,558 | 445,822 |
Miraca Holdings, Inc. | 102,195 | 2,543,861 |
Mirait Holdings Corp. | 91,261 | 1,198,877 |
Mitsuba Corp. | 229,532 | 1,302,309 |
Mitsubishi Logistics Corp. | 64,786 | 1,496,147 |
Mitsubishi Pencil Co., Ltd. | 33,697 | 464,851 |
Mitsubishi Steel Manufacturing Co., Ltd. | 49,600 | 379,363 |
Mitsubishi UFJ Lease & Finance Co., Ltd. | 248,687 | 1,422,518 |
Mitsuboshi Belting Ltd. | 30,122 | 412,741 |
Mitsui E&S Holdings Co., Ltd. * | 283,985 | 2,043,039 |
Mitsui Matsushima Holdings Co., Ltd. | 41,974 | 389,135 |
Mitsui Sugar Co., Ltd. | 23,991 | 422,370 |
Mitsui-Soko Holdings Co., Ltd. | 40,415 | 588,250 |
Miura Co., Ltd. | 34,964 | 1,144,235 |
Mizuno Corp. | 38,753 | 769,922 |
Mochida Pharmaceutical Co., Ltd. | 21,872 | 769,520 |
Modec, Inc. | 22,825 | 382,374 |
Morinaga & Co., Ltd. | 25,490 | 1,007,879 |
Security | Number of Shares | Value ($) |
Morinaga Milk Industry Co., Ltd. | 71,340 | 2,533,094 |
Morita Holdings Corp. | 39,623 | 618,599 |
MOS Food Services, Inc. | 23,715 | 540,851 |
Musashi Seimitsu Industry Co., Ltd. | 76,541 | 845,134 |
Nabtesco Corp. | 88,974 | 2,402,005 |
Nachi-Fujikoshi Corp. | 30,004 | 990,259 |
Namura Shipbuilding Co., Ltd. | 272,367 | 520,165 |
Nankai Electric Railway Co., Ltd. | 78,120 | 1,726,585 |
NEC Networks & System Integration Corp. | 33,306 | 1,227,380 |
NET One Systems Co., Ltd. | 44,886 | 933,382 |
Nexon Co., Ltd. | 130,337 | 2,074,710 |
Nichi-iko Pharmaceutical Co., Ltd. | 53,611 | 577,537 |
Nichias Corp. | 73,834 | 1,528,497 |
Nichicon Corp. | 93,124 | 686,354 |
Nichiha Corp. | 33,737 | 704,359 |
NichiiGakkan Co., Ltd. | 38,197 | 397,321 |
Nifco, Inc. | 82,466 | 2,003,832 |
Nihon Kohden Corp. | 57,952 | 1,724,618 |
Nihon Parkerizing Co., Ltd. | 89,379 | 823,647 |
Nihon Unisys Ltd. | 41,882 | 1,263,857 |
Nikkiso Co., Ltd. | 67,602 | 604,166 |
Nippo Corp. | 86,384 | 1,959,687 |
Nippon Chemi-Con Corp. | 51,501 | 737,673 |
Nippon Denko Co., Ltd. * | 321,793 | 435,561 |
Nippon Densetsu Kogyo Co., Ltd. | 43,978 | 802,788 |
Nippon Flour Mills Co., Ltd. | 91,580 | 1,361,835 |
Nippon Gas Co., Ltd. | 38,174 | 1,213,895 |
Nippon Holdings Co., Ltd. | 65,150 | 1,260,539 |
Nippon Kayaku Co., Ltd. | 191,395 | 2,118,626 |
Nippon Koei Co., Ltd. | 25,896 | 710,150 |
Nippon Light Metal Holdings Co., Ltd. | 1,378,663 | 2,428,461 |
Nippon Paint Holdings Co., Ltd. | 49,190 | 2,245,963 |
Nippon Seiki Co., Ltd. | 95,759 | 1,265,068 |
Nippon Sheet Glass Co., Ltd. | 320,460 | 1,440,904 |
Nippon Shinyaku Co., Ltd. | 12,242 | 906,815 |
Nippon Signal Company Ltd. | 76,501 | 814,195 |
Nippon Soda Co., Ltd. | 48,893 | 1,268,276 |
Nippon Suisan Kaisha Ltd. | 398,716 | 1,888,878 |
Nippon Television Holdings, Inc. | 50,232 | 607,264 |
Nippon Yakin Kogyo Co., Ltd. | 24,355 | 385,426 |
Nipro Corp. | 155,020 | 1,652,742 |
Nishi-Nippon Financial Holdings, Inc. | 170,072 | 977,561 |
Nishi-Nippon Railroad Co., Ltd. | 100,588 | 2,212,908 |
Nishimatsu Construction Co., Ltd. | 102,278 | 2,154,319 |
Nishimatsuya Chain Co., Ltd. (a) | 90,707 | 655,926 |
Nishio Rent All Co., Ltd. | 29,199 | 718,436 |
Nissan Chemical Corp. | 56,887 | 2,407,539 |
Nissan Shatai Co., Ltd. | 173,522 | 1,599,044 |
Nissha Co., Ltd. | 68,185 | 532,888 |
Nissin Electric Co., Ltd. | 53,243 | 509,403 |
Nissin Kogyo Co., Ltd. | 79,612 | 1,649,588 |
Nittetsu Mining Co., Ltd. | 21,399 | 762,798 |
Nitto Boseki Co., Ltd. | 30,197 | 1,164,599 |
Nitto Kogyo Corp. | 41,836 | 734,598 |
NOF Corp. | 49,871 | 1,602,030 |
Nojima Corp. | 57,628 | 1,026,314 |
Nomura Co., Ltd. | 40,690 | 370,818 |
Nomura Research Institute Ltd. | 145,573 | 3,178,273 |
Noritake Co., Ltd. | 18,962 | 668,016 |
Noritz Corp. | 86,890 | 891,737 |
North Pacific Bank Ltd. | 834,541 | 1,578,328 |
NS Solutions Corp. | 23,581 | 654,099 |
NS United Kaiun Kaisha Ltd. | 23,240 | 368,427 |
NSD Co., Ltd. | 40,498 | 647,653 |
Obic Co., Ltd. | 10,091 | 1,243,308 |
Oiles Corp. | 42,187 | 554,593 |
Okabe Co., Ltd. | 63,004 | 443,916 |
Security | Number of Shares | Value ($) |
Okamoto Industries, Inc. | 14,480 | 435,615 |
Okamura Corp. | 127,730 | 1,070,486 |
Okasan Securities Group, Inc. | 258,041 | 815,760 |
Oki Electric Industry Co., Ltd. | 176,121 | 1,943,021 |
OKUMA Corp. | 31,827 | 1,351,390 |
Okumura Corp. | 44,548 | 1,083,706 |
Onoken Co., Ltd. | 62,221 | 672,020 |
Onward Holdings Co., Ltd. | 285,650 | 1,385,018 |
Open House Co., Ltd. | 31,171 | 786,608 |
Oracle Corp. Japan | 10,850 | 848,969 |
Orient Corp. | 647,790 | 798,740 |
Osaka Soda Co., Ltd. | 24,968 | 590,954 |
Osaki Electric Co., Ltd. | 83,130 | 421,565 |
OSG Corp. | 66,552 | 998,912 |
Pacific Industrial Co., Ltd. | 59,962 | 653,737 |
PALTAC Corp. | 48,347 | 2,048,355 |
Paramount Bed Holdings Co., Ltd. | 19,188 | 744,466 |
Park24 Co., Ltd. | 71,629 | 1,396,521 |
Penta-Ocean Construction Co., Ltd. | 394,156 | 2,101,142 |
Persol Holdings Co., Ltd. | 123,042 | 1,630,066 |
Pigeon Corp. | 30,264 | 1,026,897 |
Pilot Corp. | 20,316 | 662,038 |
Piolax, Inc. | 31,622 | 454,695 |
Plenus Co., Ltd. | 53,528 | 847,099 |
Pola Orbis Holdings, Inc. | 38,830 | 743,013 |
Press Kogyo Co., Ltd. | 274,067 | 787,658 |
Prima Meat Packers Ltd. | 56,523 | 1,164,364 |
Raito Kogyo Co., Ltd. | 52,681 | 640,289 |
Raiznext Corp. | 62,819 | 708,763 |
Rakuten, Inc. | 318,036 | 2,662,462 |
Relia, Inc. | 50,046 | 559,546 |
Relo Group, Inc. | 29,253 | 640,303 |
Rengo Co., Ltd. | 318,348 | 2,157,441 |
Resorttrust, Inc. | 49,453 | 653,780 |
Restar Holdings Corp. | 59,436 | 874,472 |
Riken Corp. | 16,901 | 473,977 |
Rinnai Corp. | 36,881 | 2,519,937 |
Riso Kagaku Corp. | 37,423 | 581,129 |
Rohto Pharmaceutical Co., Ltd. | 54,112 | 1,540,109 |
Round One Corp. | 56,106 | 419,241 |
Royal Holdings Co., Ltd. | 26,356 | 437,862 |
Ryobi Ltd. | 77,137 | 1,004,036 |
Ryosan Co., Ltd. | 74,023 | 1,531,723 |
Ryoyo Electro Corp. | 45,209 | 740,176 |
S Foods, Inc. | 28,016 | 582,060 |
Saizeriya Co., Ltd. | 33,082 | 628,118 |
Sakai Chemical Industry Co., Ltd. | 27,072 | 480,125 |
Sakata INX Corp. | 85,813 | 751,008 |
Sakata Seed Corp. | 15,349 | 427,606 |
Sala Corp. | 93,413 | 478,042 |
San-A Co., Ltd. | 23,499 | 852,905 |
Sanden Holdings Corp. * | 143,413 | 683,394 |
Sangetsu Corp. | 65,606 | 1,004,177 |
Sanken Electric Co., Ltd. | 44,904 | 1,064,474 |
Sanki Engineering Co., Ltd. | 64,943 | 766,444 |
Sankyo Co., Ltd. | 37,320 | 1,226,528 |
Sankyo Tateyama, Inc. | 111,943 | 1,126,020 |
Sankyu, Inc. | 50,103 | 2,134,365 |
Sanoh Industrial Co., Ltd. (a) | 96,528 | 754,398 |
Sanrio Co., Ltd. | 38,810 | 587,196 |
Sanshin Electronics Co., Ltd. | 52,515 | 728,340 |
Sanwa Holdings Corp. | 217,375 | 1,999,129 |
Sanyo Chemical Industries Ltd. | 15,806 | 643,289 |
Sanyo Denki Co., Ltd. | 13,585 | 553,526 |
Sanyo Shokai Ltd. | 45,511 | 566,646 |
Sanyo Special Steel Co., Ltd. | 75,216 | 819,346 |
Sapporo Holdings Ltd. | 98,127 | 1,968,635 |
Sato Holdings Corp. | 24,515 | 552,505 |
Security | Number of Shares | Value ($) |
Sawai Pharmaceutical Co., Ltd. | 29,457 | 1,671,319 |
SBI Holdings, Inc. | 117,952 | 2,378,395 |
SCREEN Holdings Co., Ltd. | 36,716 | 1,861,925 |
SCSK Corp. | 27,465 | 1,418,255 |
Seibu Holdings, Inc. | 153,929 | 2,177,682 |
Seiko Holdings Corp. | 50,257 | 975,181 |
Seiren Co., Ltd. | 58,803 | 756,673 |
Sekisui Jushi Corp. | 27,475 | 540,509 |
Senko Group Holdings Co., Ltd. | 194,617 | 1,428,978 |
Senshu Ikeda Holdings, Inc. | 336,239 | 517,459 |
Seven Bank Ltd. | 441,877 | 1,163,427 |
Sharp Corp. | 126,545 | 1,478,206 |
Shibuya Corp. | 17,798 | 431,812 |
Shima Seiki Manufacturing Ltd. | 24,201 | 379,848 |
Shimachu Co., Ltd. | 71,488 | 1,755,636 |
Shindengen Electric Manufacturing Co., Ltd. | 17,851 | 497,309 |
Shinko Electric Industries Co., Ltd. | 111,082 | 1,222,401 |
Shinko Shoji Co., Ltd. | 89,427 | 576,200 |
Shinmaywa Industries Ltd. | 124,992 | 1,411,396 |
Shinsei Bank Ltd. | 86,264 | 1,149,227 |
Shinsho Corp. | 36,337 | 734,724 |
Ship Healthcare Holdings, Inc. | 36,766 | 1,492,932 |
Shizuoka Gas Co., Ltd. | 138,359 | 1,109,540 |
SHO-BOND Holdings Co., Ltd. | 18,371 | 671,040 |
Shochiku Co., Ltd. | 4,757 | 512,018 |
Shoei Foods Corp. | 18,839 | 559,764 |
Showa Corp. | 83,730 | 1,775,279 |
Siix Corp. | 75,598 | 847,337 |
Sintokogio Ltd. | 82,027 | 586,315 |
SKY Perfect JSAT Holdings, Inc. | 227,720 | 981,688 |
Sohgo Security Services Co., Ltd. | 45,683 | 2,138,777 |
Sony Financial Holdings, Inc. | 84,888 | 1,698,311 |
Sotetsu Holdings, Inc. | 55,351 | 1,260,298 |
Square Enix Holdings Co., Ltd. | 49,978 | 2,015,522 |
St Marc Holdings Co., Ltd. | 24,097 | 430,714 |
Starts Corp., Inc. | 33,118 | 682,839 |
Starzen Co., Ltd. | 29,161 | 1,136,810 |
Sugi Holdings Co., Ltd. | 41,479 | 1,965,027 |
SUMCO Corp. | 164,423 | 2,501,443 |
Sumitomo Bakelite Co., Ltd. | 36,159 | 1,086,128 |
Sumitomo Dainippon Pharma Co., Ltd. | 91,821 | 1,328,815 |
Sumitomo Mitsui Construction Co., Ltd. | 259,109 | 1,316,384 |
Sumitomo Osaka Cement Co., Ltd. | 54,440 | 1,864,885 |
Sumitomo Riko Co., Ltd. | 121,019 | 806,681 |
Sumitomo Seika Chemicals Co., Ltd. | 20,395 | 530,934 |
Sundrug Co., Ltd. | 85,671 | 2,680,569 |
Suruga Bank Ltd. *(a) | 357,395 | 1,285,582 |
Sushiro Global Holdings Ltd. | 10,192 | 727,561 |
T-Gaia Corp. | 34,295 | 655,918 |
Tachi-S Co., Ltd. | 106,117 | 1,001,503 |
Tachibana Eletech Co., Ltd. | 53,173 | 764,086 |
Tadano Ltd. | 191,313 | 1,601,591 |
Taihei Dengyo Kaisha Ltd. | 25,625 | 544,025 |
Taikisha Ltd. | 38,693 | 1,113,816 |
Taisho Pharmaceutical Holdings Co., Ltd. | 24,470 | 1,517,678 |
Taiyo Holdings Co., Ltd. | 14,827 | 589,699 |
Taiyo Nippon Sanso Corp. | 88,468 | 1,583,755 |
Taiyo Yuden Co., Ltd. | 119,816 | 3,354,604 |
Takamatsu Construction Group Co., Ltd. | 25,214 | 546,052 |
Takara Holdings, Inc. | 146,677 | 1,138,169 |
Takara Standard Co., Ltd. | 71,752 | 1,017,759 |
Takasago International Corp. | 28,949 | 544,010 |
Takasago Thermal Engineering Co., Ltd. | 83,886 | 1,297,194 |
Takeuchi Manufacturing Co., Ltd. | 44,087 | 676,438 |
Takuma Co., Ltd. | 63,512 | 697,151 |
Tamron Co., Ltd. | 23,880 | 527,567 |
Tamura Corp. | 111,593 | 506,935 |
Security | Number of Shares | Value ($) |
TechnoPro Holdings, Inc. | 11,655 | 693,692 |
The 77 Bank Ltd. | 55,641 | 721,659 |
The Awa Bank Ltd. | 27,010 | 547,387 |
The Bank of Kyoto Ltd. | 28,880 | 983,952 |
The Chiba Bank Ltd. | 474,814 | 2,346,228 |
The Chugoku Bank Ltd. | 127,541 | 1,014,511 |
The Gunma Bank Ltd. | 434,727 | 1,313,874 |
The Hachijuni Bank Ltd. | 378,086 | 1,293,411 |
The Hiroshima Bank Ltd. | 317,061 | 1,381,529 |
The Hokkoku Bank Ltd. | 23,486 | 601,820 |
The Hyakugo Bank Ltd. | 161,392 | 459,346 |
The Hyakujushi Bank Ltd. | 29,912 | 506,090 |
The Iyo Bank Ltd. | 248,016 | 1,122,067 |
The Japan Steel Works Ltd. | 74,706 | 1,090,826 |
The Japan Wool Textile Co., Ltd. | 87,388 | 725,904 |
The Juroku Bank Ltd. | 35,505 | 605,657 |
The Keiyo Bank Ltd. | 133,212 | 628,609 |
The Kiyo Bank Ltd. | 48,241 | 637,757 |
The Musashino Bank Ltd. | 37,972 | 524,529 |
The Nanto Bank Ltd. | 30,571 | 609,351 |
The Nippon Road Co., Ltd. | 11,654 | 702,276 |
The Nisshin Oillio Group Ltd. | 46,956 | 1,451,799 |
The Ogaki Kyoritsu Bank Ltd. | 31,711 | 595,325 |
The Oita Bank Ltd. | 16,850 | 323,675 |
The Okinawa Electric Power Co., Inc. | 88,580 | 1,523,348 |
The San-In Godo Bank Ltd. | 122,787 | 621,533 |
The Shiga Bank Ltd. | 31,616 | 714,302 |
The Shizuoka Bank Ltd. | 372,309 | 2,354,005 |
The Sumitomo Warehouse Co., Ltd. | 74,736 | 875,090 |
THK Co., Ltd. | 91,928 | 2,107,615 |
Toa Corp. Tokyo | 50,687 | 741,990 |
Toagosei Co., Ltd. | 168,726 | 1,686,243 |
Toda Corp. | 326,544 | 1,955,661 |
Toei Co., Ltd. | 4,259 | 482,896 |
Toho Co., Ltd. | 51,294 | 1,581,167 |
Toho Zinc Co., Ltd. | 51,561 | 727,538 |
Tokai Carbon Co., Ltd. (a) | 96,636 | 864,541 |
TOKAI Holdings Corp. | 137,089 | 1,122,232 |
Tokai Rika Co., Ltd. | 135,629 | 2,045,783 |
Tokai Tokyo Financial Holdings, Inc. | 334,697 | 881,231 |
Token Corp. | 16,385 | 1,136,233 |
Tokuyama Corp. | 89,373 | 2,016,724 |
Tokyo Broadcasting System Holdings, Inc. | 45,097 | 704,059 |
Tokyo Century Corp. | 26,122 | 1,084,935 |
Tokyo Dome Corp. | 86,644 | 661,889 |
Tokyo Ohka Kogyo Co., Ltd. | 34,852 | 1,255,273 |
Tokyo Seimitsu Co., Ltd. | 39,704 | 1,244,143 |
Tokyo Steel Manufacturing Co., Ltd. | 118,039 | 752,893 |
Tokyo Tatemono Co., Ltd. | 163,718 | 2,235,726 |
Tokyu Construction Co., Ltd. | 118,223 | 743,107 |
TOMONY Holdings, Inc. | 142,068 | 397,761 |
Tomy Co., Ltd. | 96,025 | 850,173 |
Tonami Holdings Co., Ltd. | 12,674 | 519,932 |
Topcon Corp. | 87,365 | 872,314 |
Toppan Forms Co., Ltd. | 107,126 | 1,021,950 |
Topre Corp. | 83,047 | 1,084,812 |
Topy Industries Ltd. | 60,914 | 852,734 |
Toshiba Machine Co., Ltd. (a) | 33,833 | 930,004 |
Toshiba TEC Corp. | 35,965 | 1,327,036 |
Totetsu Kogyo Co., Ltd. | 31,980 | 822,440 |
Towa Pharmaceutical Co., Ltd. | 19,524 | 388,073 |
Toyo Construction Co., Ltd. | 143,100 | 598,323 |
Toyo Ink SC Holdings Co., Ltd. | 82,107 | 1,599,284 |
Toyo Tire Corp. | 210,930 | 2,808,098 |
Toyobo Co., Ltd. | 186,700 | 2,348,787 |
Toyota Boshoku Corp. | 168,929 | 2,335,078 |
TPR Co., Ltd. | 70,478 | 983,353 |
Security | Number of Shares | Value ($) |
Trancom Co., Ltd. | 9,593 | 611,874 |
Transcosmos, Inc. | 38,256 | 840,912 |
Trend Micro, Inc. | 47,886 | 2,383,978 |
Trusco Nakayama Corp. | 47,475 | 947,167 |
TSI Holdings Co., Ltd. | 209,350 | 811,276 |
Tsubaki Nakashima Co., Ltd. | 33,973 | 323,147 |
Tsubakimoto Chain Co. | 58,854 | 1,605,779 |
Tsukishima Kikai Co., Ltd. | 38,432 | 442,521 |
Tsumura & Co. | 48,940 | 1,141,548 |
TV Asahi Holdings Corp. | 38,805 | 656,553 |
UACJ Corp. | 93,775 | 1,648,333 |
Ulvac, Inc. | 40,696 | 1,184,679 |
Unipres Corp. | 144,174 | 1,558,493 |
United Arrows Ltd. | 33,241 | 743,003 |
United Super Markets Holdings, Inc. | 198,637 | 1,574,511 |
Unizo Holdings Co., Ltd. | 20,046 | 1,102,051 |
Ushio, Inc. | 119,396 | 1,494,318 |
USS Co., Ltd. | 74,184 | 1,173,299 |
Valor Holdings Co., Ltd. | 96,898 | 1,468,764 |
Vital KSK Holdings, Inc. | 110,343 | 1,029,111 |
VT Holdings Co., Ltd. | 156,908 | 526,591 |
Wacoal Holdings Corp. | 76,318 | 1,785,812 |
Wacom Co., Ltd. | 160,040 | 495,558 |
Wakita & Co., Ltd. | 68,540 | 554,090 |
Warabeya Nichiyo Holdings Co., Ltd. | 61,316 | 923,165 |
Welcia Holdings Co., Ltd. | 36,014 | 2,170,222 |
World Co., Ltd. | 29,203 | 544,993 |
Xebio Holdings Co., Ltd. | 72,845 | 663,854 |
YAMABIKO Corp. | 68,785 | 554,795 |
Yamaguchi Financial Group, Inc. | 213,969 | 1,140,613 |
Yamato Kogyo Co., Ltd. | 40,774 | 854,302 |
Yamazen Corp. | 150,305 | 1,212,306 |
Yaoko Co., Ltd. | 23,044 | 1,247,643 |
Yellow Hat Ltd. | 50,065 | 675,795 |
Yodogawa Steel Works Ltd. | 66,445 | 1,119,275 |
Yokogawa Bridge Holdings Corp. | 38,173 | 695,052 |
Yokohama Reito Co., Ltd. | 70,332 | 556,188 |
Yorozu Corp. | 73,724 | 879,644 |
Yoshinoya Holdings Co., Ltd. (a) | 62,198 | 1,236,867 |
Yuasa Trading Co., Ltd. | 44,688 | 1,261,530 |
Yurtec Corp. | 126,656 | 665,776 |
Zenkoku Hosho Co., Ltd. | 14,969 | 561,346 |
Zensho Holdings Co., Ltd. | 60,321 | 1,102,236 |
Zeon Corp. | 195,118 | 1,868,603 |
ZERIA Pharmaceutical Co., Ltd. | 27,254 | 447,980 |
Zojirushi Corp. | 44,494 | 688,870 |
ZOZO, Inc. | 23,021 | 323,124 |
648,148,813 | ||
Luxembourg 0.0% | ||
Espirito Santo Financial Group S.A. *(b) | 8,470 | — |
Netherlands 1.7% | ||
Accell Group N.V. | 32,185 | 880,305 |
Altice Europe N.V. * | 266,053 | 1,415,346 |
Altice Europe N.V., Class B * | 26,171 | 137,844 |
AMG Advanced Metallurgical Group N.V. | 20,962 | 483,540 |
Arcadis N.V. | 112,028 | 2,547,282 |
ASM International N.V. | 18,857 | 2,173,878 |
BE Semiconductor Industries N.V. | 38,404 | 1,480,689 |
Brunel International N.V. (a) | 49,545 | 405,993 |
Corbion N.V. | 60,776 | 2,196,383 |
Eurocommercial Properties N.V. | 33,013 | 722,724 |
ForFarmers N.V. | 104,493 | 631,292 |
Fugro N.V. CVA *(a) | 243,805 | 1,926,072 |
GrandVision N.V. (a) | 25,211 | 762,666 |
Security | Number of Shares | Value ($) |
IMCD N.V. | 19,525 | 1,586,023 |
Intertrust N.V. | 41,011 | 685,188 |
Koninklijke BAM Groep N.V. | 550,638 | 1,485,507 |
Koninklijke Volkerwessels N.V. | 58,141 | 1,398,643 |
Koninklijke Vopak N.V. | 43,771 | 2,074,662 |
NSI N.V. | 13,551 | 680,993 |
OCI N.V. * | 39,134 | 651,464 |
PostNL N.V. | 803,036 | 1,212,880 |
SBM Offshore N.V. | 141,199 | 2,207,848 |
Sligro Food Group N.V. | 60,710 | 1,467,111 |
TKH Group N.V. | 34,278 | 1,542,253 |
TomTom N.V. * | 52,923 | 530,815 |
Wereldhave N.V. (a) | 38,825 | 616,253 |
31,903,654 | ||
New Zealand 1.0% | ||
Air New Zealand Ltd. | 1,063,153 | 1,496,885 |
Auckland International Airport Ltd. | 216,359 | 1,056,128 |
Chorus Ltd. | 436,866 | 1,810,054 |
EBOS Group Ltd. | 87,887 | 1,269,582 |
Fisher & Paykel Healthcare Corp., Ltd. | 127,082 | 2,032,047 |
Freightways Ltd. | 97,092 | 436,605 |
Genesis Energy Ltd. | 558,981 | 1,059,193 |
Infratil Ltd. | 470,493 | 1,499,972 |
Mainfreight Ltd. | 48,787 | 1,134,755 |
Mercury NZ Ltd. | 473,466 | 1,405,198 |
Meridian Energy Ltd. | 735,454 | 2,107,484 |
SKY Network Television Ltd. | 2,430,704 | 814,128 |
SKYCITY Entertainment Group Ltd. | 595,459 | 1,181,867 |
Z Energy Ltd. | 464,587 | 1,169,930 |
18,473,828 | ||
Norway 1.5% | ||
Adevinta A.S.A., Class B * | 59,514 | 619,532 |
Aker A.S.A., A Shares | 27,403 | 1,222,630 |
Aker BP A.S.A. | 24,402 | 571,161 |
Aker Solutions A.S.A. * | 404,828 | 555,838 |
Atea A.S.A. * | 105,713 | 1,176,350 |
Austevoll Seafood A.S.A. | 95,748 | 837,004 |
Bakkafrost P/F | 16,308 | 1,018,411 |
Borregaard A.S.A. | 80,448 | 846,370 |
BW Energy Ltd. * | 23,064 | 41,464 |
BW LPG Ltd. | 160,067 | 965,796 |
BW Offshore Ltd. * | 113,045 | 428,224 |
DOF A.S.A. *(a) | 1,955,409 | 311,733 |
Elkem A.S.A. | 253,612 | 481,959 |
Entra A.S.A. | 45,295 | 702,967 |
Europris A.S.A. | 202,314 | 667,274 |
Gjensidige Forsikring A.S.A. | 116,416 | 2,322,961 |
Kongsberg Automotive A.S.A. * | 949,110 | 422,359 |
Kongsberg Gruppen A.S.A. | 62,187 | 1,031,438 |
Kvaerner A.S.A. | 358,425 | 321,083 |
Leroy Seafood Group A.S.A. | 180,649 | 1,095,131 |
PGS A.S.A. * | 1,115,376 | 1,541,446 |
Salmar A.S.A. | 25,194 | 1,118,752 |
Schibsted A.S.A., B Shares | 24,861 | 592,666 |
Schibsted A.S.A., Class A | 25,672 | 642,898 |
SpareBank 1 Nord Norge | 119,931 | 921,786 |
SpareBank 1 SMN | 103,384 | 1,031,461 |
SpareBank 1 SR-Bank A.S.A. | 97,548 | 921,741 |
Storebrand A.S.A. | 245,487 | 1,539,510 |
TGS Nopec Geophysical Co. A.S.A. | 85,264 | 1,922,801 |
Tomra Systems A.S.A. | 29,476 | 922,389 |
Security | Number of Shares | Value ($) |
Veidekke A.S.A. | 129,630 | 1,565,666 |
XXL A.S.A. *(a) | 265,102 | 301,717 |
28,662,518 | ||
Poland 1.0% | ||
Alior Bank S.A. * | 77,475 | 412,655 |
Asseco Poland S.A. | 131,783 | 2,028,871 |
Bank Handlowy w Warszawie S.A. | 38,768 | 521,141 |
Bank Millennium S.A. * | 313,046 | 383,179 |
CCC S.A. | 14,022 | 255,886 |
Ciech S.A. * | 55,545 | 493,082 |
Cyfrowy Polsat S.A. | 216,467 | 1,383,562 |
Enea S.A. * | 706,370 | 1,003,290 |
Energa S.A. * | 996,336 | 1,773,982 |
Eurocash S.A. | 174,863 | 803,641 |
Grupa Azoty S.A. * | 133,473 | 688,574 |
Grupa Lotos S.A. | 121,597 | 1,833,809 |
Jastrzebska Spolka Weglowa S.A. | 91,397 | 313,643 |
Kernel Holding S.A. | 138,673 | 1,512,400 |
LPP S.A. | 410 | 717,529 |
mBank S.A. * | 6,810 | 514,718 |
Orange Polska S.A. * | 1,667,358 | 2,609,278 |
PLAY Communications S.A. | 188,299 | 1,460,467 |
Santander Bank Polska S.A. | 13,337 | 848,383 |
19,558,090 | ||
Portugal 0.4% | ||
Banco Espirito Santo S.A. *(b) | 45,383 | — |
CTT-Correios de Portugal S.A. | 379,461 | 966,186 |
EDP Renovaveis S.A. | 67,574 | 905,565 |
Mota-Engil, SGPS, S.A. | 286,958 | 415,760 |
NOS, SGPS S.A. | 211,222 | 828,300 |
REN - Redes Energeticas Nacionais, SGPS, S.A. | 375,405 | 1,039,156 |
Semapa-Sociedade de Investimento e Gestao | 48,043 | 596,333 |
Sonae, SGPS, S.A. | 1,863,838 | 1,449,511 |
The Navigator Co. S.A. | 376,092 | 1,149,295 |
7,350,106 | ||
Republic of Korea 5.0% | ||
AK Holdings, Inc. | 16,791 | 332,502 |
AMOREPACIFIC Group | 32,348 | 1,651,359 |
Asiana Airlines, Inc. * | 227,765 | 762,342 |
BNK Financial Group, Inc. | 477,274 | 2,424,686 |
Celltrion, Inc. * | 5,015 | 701,976 |
Cheil Worldwide, Inc. | 47,647 | 759,135 |
CJ ENM Co., Ltd. | 7,107 | 736,155 |
CJ Hello Co., Ltd. | 97,753 | 349,722 |
CJ Logistics Corp. * | 6,812 | 748,787 |
Com2uSCorp | 6,294 | 505,800 |
Daeduck Electronics Co. | 60,161 | 464,149 |
Daesang Corp. | 40,366 | 651,440 |
Daewoo Engineering & Construction Co., Ltd. * | 308,097 | 1,027,413 |
Daewoo Shipbuilding & Marine Engineering Co., Ltd. * | 45,870 | 836,575 |
DB HiTek Co., Ltd. | 44,471 | 871,478 |
DGB Financial Group, Inc. | 272,661 | 1,259,472 |
Dongkuk Steel Mill Co., Ltd. * | 338,699 | 1,305,155 |
Dongwon Industries Co., Ltd. | 2,388 | 385,383 |
Doosan Bobcat, Inc. | 32,927 | 769,969 |
Doosan Co., Ltd. | 17,423 | 800,497 |
Doosan Fuel Cell Co., Ltd. * | 61,096 | 338,053 |
Doosan Infracore Co., Ltd. * | 339,707 | 1,174,779 |
Security | Number of Shares | Value ($) |
Doosan Solus Co., Ltd. * | 33,677 | 686,295 |
Fila Holdings Corp. | 12,372 | 391,177 |
Green Cross Corp. | 5,263 | 491,849 |
Green Cross Holdings Corp. | 25,703 | 371,418 |
GS Engineering & Construction Corp. | 58,163 | 1,257,125 |
GS Home Shopping, Inc. | 5,137 | 524,486 |
GS Retail Co., Ltd. | 40,216 | 1,170,552 |
Halla Holdings Corp. | 15,724 | 457,673 |
Hanjin Transportation Co., Ltd. | 26,102 | 664,102 |
Hanon Systems | 151,551 | 1,316,478 |
Hansol Paper Co., Ltd. | 58,332 | 617,181 |
Hanssem Co., Ltd. | 10,847 | 571,600 |
Hanwha Aerospace Co., Ltd. * | 37,628 | 852,013 |
Hanwha General Insurance Co., Ltd. * | 398,482 | 723,469 |
Hanwha Life Insurance Co., Ltd. | 1,037,116 | 1,409,009 |
Harim Holdings Co., Ltd. | 114,772 | 667,180 |
HDC Holdings Co., Ltd. | 53,004 | 397,585 |
Hite Jinro Co., Ltd. | 37,596 | 823,428 |
Hotel Shilla Co., Ltd. | 17,733 | 1,172,466 |
Huchems Fine Chemical Corp. | 25,516 | 386,574 |
Hyosung Corp. | 11,471 | 654,541 |
Hyundai Corp. | 50,055 | 562,578 |
Hyundai Department Store Co., Ltd. | 22,509 | 1,314,029 |
Hyundai Elevator Co., Ltd. * | 7,938 | 351,638 |
Hyundai Greenfood Co., Ltd. | 81,627 | 581,370 |
Hyundai Home Shopping Network Corp. | 8,984 | 548,878 |
Hyundai Merchant Marine Co., Ltd. * | 403,949 | 1,082,630 |
Hyundai Mipo Dockyard Co., Ltd. | 13,408 | 400,198 |
Hyundai Rotem Co., Ltd. * | 49,153 | 534,228 |
iMarketKorea, Inc. | 94,801 | 724,375 |
Interpark Holdings Corp. | 281,484 | 407,914 |
IS Dongseo Co., Ltd. | 19,338 | 426,726 |
JB Financial Group Co., Ltd. | 216,580 | 893,426 |
Kakao Corp. | 6,739 | 954,391 |
Kangwon Land, Inc. | 71,079 | 1,334,377 |
KCC Corp. | 8,372 | 1,147,746 |
KCC Glass Corp. * | 7,385 | 161,746 |
KEPCO Plant Service & Engineering Co., Ltd. | 27,224 | 745,326 |
Kolon Corp. | 34,555 | 402,596 |
Kolon Industries, Inc. | 51,801 | 1,426,713 |
Korea Aerospace Industries Ltd. | 37,844 | 799,258 |
Korea Investment Holdings Co., Ltd. | 19,468 | 1,006,661 |
Korea PetroChemical Ind Co., Ltd. | 9,280 | 654,070 |
Korean Reinsurance Co. | 195,332 | 1,310,791 |
Kumho Petrochemical Co., Ltd. | 23,111 | 1,128,433 |
Kumho Tire Co., Inc. * | 207,133 | 625,066 |
LF Corp. | 48,274 | 498,838 |
LG Hausys Ltd. | 23,636 | 889,391 |
LG Innotek Co., Ltd. | 27,961 | 2,992,944 |
LG International Corp. | 169,153 | 1,566,876 |
Lotte Chilsung Beverage Co., Ltd. * | 5,298 | 490,758 |
Lotte Corp. | 18,174 | 434,710 |
LOTTE Fine Chemical Co., Ltd. | 21,666 | 592,269 |
LOTTE Himart Co., Ltd. | 48,234 | 837,989 |
LS Corp. | 59,553 | 1,767,712 |
LS Industrial Systems Co., Ltd. | 26,585 | 954,389 |
Mando Corp. | 79,382 | 1,947,784 |
Meritz Financial Group, Inc. | 61,868 | 519,600 |
Meritz Fire & Marine Insurance Co., Ltd. | 96,116 | 1,163,364 |
Meritz Securities Co., Ltd. | 181,812 | 520,211 |
Mirae Asset Daewoo Co., Ltd. | 135,870 | 709,276 |
Mirae Asset Life Insurance Co., Ltd. | 162,291 | 533,175 |
NCSoft Corp. | 4,270 | 2,281,787 |
Nexen Tire Corp. | 82,722 | 437,279 |
NH Investment & Securities Co., Ltd. | 56,769 | 466,492 |
NongShim Co., Ltd. | 5,650 | 1,228,160 |
OCI Co., Ltd. * | 30,249 | 1,226,647 |
Security | Number of Shares | Value ($) |
Ottogi Corp. | 1,372 | 561,452 |
Pan Ocean Co., Ltd. * | 183,051 | 562,944 |
Partron Co., Ltd. | 58,612 | 431,929 |
Poongsan Corp. | 66,792 | 1,121,908 |
S-1 Corp. | 15,096 | 1,021,730 |
Samsung Card Co., Ltd. | 38,335 | 1,063,721 |
Samsung Engineering Co., Ltd. * | 79,482 | 922,763 |
Samsung Securities Co., Ltd. | 29,120 | 793,637 |
Samyang Holdings Corp. | 15,549 | 629,258 |
Seah Besteel Corp. | 45,095 | 404,723 |
Seoul Semiconductor Co., Ltd. | 53,813 | 662,416 |
Shinsegae, Inc. | 7,421 | 1,442,039 |
SK Gas Ltd. | 16,732 | 1,069,085 |
SKC Co., Ltd. | 29,452 | 1,246,466 |
SL Corp. | 31,415 | 387,999 |
Sungwoo Hitech Co., Ltd. | 344,553 | 862,446 |
Taekwang Industrial Co., Ltd. | 1,351 | 896,588 |
Taeyoung Engineering & Construction Co., Ltd. | 49,536 | 526,154 |
Tongyang, Inc. | 345,506 | 396,855 |
Winiadimchae Co., Ltd. * | 366,923 | 815,720 |
WONIK IPS Co., Ltd. * | 29,696 | 761,655 |
Young Poong Corp. | 1,339 | 654,892 |
Youngone Corp. | 34,635 | 898,314 |
Yuhan Corp. | 4,279 | 753,978 |
94,936,515 | ||
Singapore 1.5% | ||
Ascendas Real Estate Investment Trust | 830,652 | 1,821,162 |
Ascott Residence Trust | 599,206 | 506,601 |
Asian Pay Television Trust | 7,470,264 | 856,375 |
CapitaLand Commercial Trust | 378,668 | 504,637 |
CapitaLand Mall Trust | 701,697 | 1,141,257 |
City Developments Ltd. | 344,526 | 2,411,707 |
First Resources Ltd. | 400,486 | 456,239 |
Genting Singapore Ltd. | 3,433,289 | 2,004,822 |
Mapletree Commercial Trust | 422,556 | 635,787 |
Mapletree Industrial Trust | 466,119 | 895,034 |
Mapletree Logistics Trust | 587,412 | 778,615 |
Mapletree North Asia Commercial Trust | 687,559 | 541,889 |
Olam International Ltd. | 1,095,936 | 1,334,879 |
SATS Ltd. | 370,174 | 1,068,855 |
Sembcorp Marine Ltd. * | 1,039,674 | 804,505 |
Singapore Exchange Ltd. | 277,093 | 1,685,548 |
Singapore Post Ltd. | 1,392,181 | 783,021 |
Singapore Press Holdings Ltd. | 1,636,568 | 2,216,174 |
Singapore Technologies Engineering Ltd. | 864,796 | 2,583,793 |
StarHub Ltd. | 977,835 | 1,043,902 |
Suntec Real Estate Investment Trust | 482,681 | 587,918 |
UOL Group Ltd. | 240,012 | 1,267,384 |
Venture Corp., Ltd. | 226,897 | 2,674,254 |
28,604,358 | ||
Spain 1.6% | ||
Abengoa S.A., B Shares * | 226,367,084 | 2,188,145 |
Acciona S.A. (a) | 26,970 | 3,389,121 |
Applus Services S.A. | 101,817 | 1,136,303 |
Bolsas y Mercados Espanoles SHMSF S.A. | 38,853 | 1,471,540 |
Cellnex Telecom S.A. | 21,103 | 1,016,932 |
Cia de Distribucion Integral Logista Holdings S.A. | 48,233 | 973,271 |
Cie Automotive S.A. | 28,671 | 575,074 |
Construcciones y Auxiliar de Ferrocarriles S.A. | 13,079 | 563,890 |
Security | Number of Shares | Value ($) |
Distribuidora Internacional de Alimentacion S.A. *(a) | 12,043,629 | 1,041,147 |
Ebro Foods S.A. | 81,610 | 1,532,921 |
Ence Energia y Celulosa S.A. (a) | 115,783 | 409,271 |
Euskaltel S.A. | 63,220 | 557,635 |
Faes Farma S.A. | 120,781 | 577,123 |
Gestamp Automocion S.A. | 248,354 | 859,334 |
Indra Sistemas S.A. * | 52,101 | 564,863 |
Inmobiliaria Colonial Socimi S.A. | 42,994 | 544,052 |
Liberbank S.A. | 1,504,514 | 462,407 |
Mediaset Espana Comunicacion S.A. | 262,773 | 1,319,098 |
Melia Hotels International S.A. | 115,858 | 793,492 |
Merlin Properties Socimi S.A. | 53,051 | 678,890 |
Obrascon Huarte Lain S.A. *(a) | 1,462,326 | 1,608,701 |
Prosegur Cash S.A. | 278,448 | 404,348 |
Prosegur Cia de Seguridad S.A. | 337,998 | 1,248,965 |
Sacyr S.A. | 383,812 | 1,006,776 |
Siemens Gamesa Renewable Energy S.A. | 76,214 | 1,215,993 |
Tecnicas Reunidas S.A. * | 37,735 | 844,751 |
Unicaja Banco S.A. | 1,907,801 | 1,749,846 |
Viscofan S.A. | 29,134 | 1,545,708 |
Zardoya Otis S.A. | 104,760 | 779,624 |
31,059,221 | ||
Sweden 3.3% | ||
AAK AB | 85,548 | 1,459,904 |
Adapteo Oyj * | 63,441 | 678,180 |
AF Poyry AB | 62,626 | 1,397,847 |
Arjo AB, B Shares | 218,115 | 1,092,926 |
Attendo AB | 138,078 | 690,169 |
Axfood AB | 100,119 | 1,849,007 |
Betsson AB * | 164,435 | 825,644 |
Bilia AB, A Shares | 121,985 | 1,165,105 |
Bonava AB, B Shares | 82,635 | 647,777 |
Bravida Holding AB | 144,579 | 1,312,308 |
Castellum AB | 83,662 | 1,907,077 |
Clas Ohlson AB, B Shares | 78,680 | 769,344 |
Cloetta AB, B Shares | 198,992 | 608,772 |
Coor Service Management Holding AB | 83,556 | 704,983 |
Dometic Group AB | 188,295 | 1,586,750 |
Elekta AB, B Shares (a) | 114,781 | 1,198,114 |
Fabege AB | 54,224 | 877,810 |
Getinge AB, B Shares | 193,258 | 3,191,365 |
Granges AB | 82,215 | 652,964 |
Hexpol AB | 209,053 | 1,546,049 |
Holmen AB, B Shares | 86,265 | 2,398,845 |
Indutrade AB | 38,514 | 1,233,071 |
Intrum AB | 39,662 | 967,506 |
Inwido AB | 85,377 | 732,236 |
JM AB | 102,601 | 2,777,977 |
Kungsleden AB | 79,816 | 814,617 |
L E Lundbergfortagen AB, B Shares | 46,185 | 1,891,207 |
Lifco AB, B Shares | 11,920 | 616,588 |
Lindab International AB | 72,310 | 850,258 |
Loomis AB, B Shares | 64,332 | 2,208,300 |
Lundin Petroleum AB | 17,072 | 474,032 |
Mekonomen AB * | 76,309 | 597,400 |
Modern Times Group MTG AB, B Shares * | 51,691 | 454,151 |
NCC AB, B Shares | 162,612 | 2,824,505 |
Nibe Industrier AB, B Shares | 89,011 | 1,426,732 |
Nobia AB | 200,612 | 1,287,049 |
Nolato AB, B Shares | 10,373 | 538,706 |
Nordic Entertainment Group AB, B Shreas | 43,923 | 1,311,107 |
Pandox AB | 30,975 | 567,417 |
Peab AB | 295,296 | 2,928,563 |
Security | Number of Shares | Value ($) |
Ratos AB, B Shares | 663,165 | 2,012,389 |
Saab AB, B Shares | 60,688 | 1,634,396 |
SAS AB * | 712,002 | 735,128 |
Scandic Hotels Group AB | 99,249 | 918,261 |
Svenska Cellulosa AB SCA, B Shares | 311,711 | 2,946,997 |
Sweco AB, B Shares | 30,792 | 979,490 |
Thule Group AB | 41,895 | 900,550 |
Wallenstam AB, B Shares | 50,888 | 617,263 |
Wihlborgs Fastigheter AB | 44,760 | 847,176 |
62,654,012 | ||
Switzerland 3.7% | ||
Allreal Holding AG * | 8,329 | 1,772,585 |
Alpiq Holding AG *(b) | 5,687 | 411,271 |
ALSO Holding AG * | 5,465 | 937,228 |
ams AG * | 25,359 | 864,818 |
Arbonia AG * | 52,636 | 579,679 |
Aryzta AG * | 2,667,968 | 2,273,954 |
Autoneum Holding AG | 7,551 | 733,296 |
Banque Cantonale Vaudoise | 1,197 | 959,628 |
Barry Callebaut AG | 868 | 1,778,237 |
Belimo Holding AG | 157 | 1,021,850 |
Bell Food Group AG * | 2,429 | 624,847 |
Berner Kantonalbank AG | 2,172 | 506,003 |
BKW AG | 15,769 | 1,352,164 |
Bobst Group S.A. | 10,275 | 487,875 |
Bucher Industries AG | 5,862 | 1,810,773 |
Burckhardt Compression Holding AG | 2,176 | 511,431 |
Cembra Money Bank AG | 14,228 | 1,591,913 |
Conzzeta AG | 1,022 | 1,034,723 |
Daetwyler Holding AG | 5,478 | 870,413 |
DKSH Holding AG | 43,227 | 2,418,247 |
dormakaba Holding AG * | 1,402 | 829,946 |
Dufry AG * | 26,052 | 1,889,944 |
Emmi AG | 1,373 | 1,185,834 |
EMS-Chemie Holding AG | 2,700 | 1,571,827 |
Flughafen Zuerich AG | 9,976 | 1,500,600 |
Forbo Holding AG | 621 | 910,377 |
Galenica AG * | 40,118 | 2,691,941 |
GAM Holding AG * | 607,544 | 2,027,344 |
Helvetia Holding AG | 20,385 | 2,693,570 |
Huber & Suhner AG | 11,623 | 772,105 |
Implenia AG | 35,316 | 1,747,649 |
Inficon Holding AG | 982 | 683,276 |
Komax Holding AG (a) | 2,302 | 436,166 |
Kudelski S.A. *(a) | 88,165 | 408,513 |
Landis & Gyr Group AG * | 17,773 | 1,448,721 |
Logitech International S.A. | 55,509 | 2,125,852 |
Mobimo Holding AG * | 3,587 | 1,072,820 |
OC Oerlikon Corp. AG | 158,943 | 1,472,105 |
Partners Group Holding AG | 3,043 | 2,612,462 |
PSP Swiss Property AG | 9,922 | 1,461,726 |
Rieter Holding AG | 4,824 | 567,647 |
Schweiter Technologies AG | 893 | 1,035,122 |
SFS Group AG | 12,913 | 1,065,911 |
Siegfried Holding AG * | 1,813 | 783,863 |
SIG Combibloc Group AG * | 65,693 | 969,158 |
Straumann Holding AG | 1,278 | 1,189,605 |
Sulzer AG | 19,584 | 1,785,514 |
Sunrise Communications Group AG * | 31,934 | 2,573,327 |
Tecan Group AG | 2,992 | 832,116 |
Temenos AG * | 5,854 | 830,065 |
u-blox Holding AG * | 6,428 | 500,055 |
Valiant Holding AG | 7,901 | 779,529 |
Valora Holding AG * | 5,406 | 1,334,815 |
VAT Group AG * | 7,100 | 952,461 |
Security | Number of Shares | Value ($) |
Vifor Pharma AG | 17,526 | 2,909,684 |
Vontobel Holding AG | 13,901 | 909,787 |
71,102,372 | ||
United Kingdom 10.8% | ||
888 Holdings plc | 260,681 | 379,584 |
AA plc | 2,464,009 | 1,379,138 |
Ascential plc | 120,637 | 526,679 |
Ashmore Group plc | 160,772 | 949,147 |
Auto Trader Group plc | 117,371 | 778,974 |
B&M European Value Retail S.A. | 507,764 | 2,160,378 |
Balfour Beatty plc | 923,188 | 2,903,162 |
Bank of Georgia Group plc | 31,881 | 689,010 |
Beazley plc | 308,004 | 2,102,796 |
Biffa plc | 229,983 | 766,707 |
Big Yellow Group plc | 39,390 | 536,335 |
Bodycote plc | 182,136 | 1,777,388 |
Brewin Dolphin Holdings plc | 176,164 | 685,394 |
Britvic plc | 151,707 | 1,651,936 |
C&C Group plc | 210,337 | 881,217 |
Card Factory plc | 519,254 | 521,973 |
Centamin plc | 1,224,834 | 2,017,399 |
Chemring Group plc | 312,761 | 962,770 |
Cineworld Group plc | 364,547 | 722,434 |
Clarkson plc | 15,713 | 499,749 |
Close Brothers Group plc | 117,132 | 1,919,532 |
Coats Group plc | 931,337 | 706,621 |
Computacenter plc | 94,890 | 2,003,487 |
ConvaTec Group plc | 923,301 | 2,417,633 |
Costain Group plc | 235,112 | 497,912 |
Countryside Properties plc | 234,398 | 1,407,763 |
Cranswick plc | 53,307 | 2,267,366 |
Crest Nicholson Holdings plc | 374,872 | 2,164,286 |
Daily Mail & General Trust plc N.V., Class A | 167,298 | 1,581,305 |
De La Rue plc | 194,971 | 346,659 |
Dechra Pharmaceuticals plc | 14,066 | 475,394 |
Derwent London plc | 22,907 | 1,146,958 |
Dignity plc | 70,526 | 516,625 |
Diploma plc | 43,626 | 1,047,602 |
Domino's Pizza Group plc | 223,945 | 846,693 |
Dunelm Group plc | 74,691 | 1,037,983 |
Electrocomponents plc | 255,697 | 1,979,861 |
Elementis plc | 614,862 | 796,359 |
Equiniti Group plc | 202,370 | 519,043 |
Essentra plc | 307,755 | 1,409,641 |
Evraz plc | 407,023 | 1,696,404 |
Ferrexpo plc | 375,397 | 619,747 |
Frasers Group plc * | 380,756 | 1,866,573 |
Fresnillo plc | 128,296 | 989,463 |
Galliford Try Holdings plc | 221,624 | 437,699 |
Games Workshop Group plc | 8,969 | 721,735 |
Genus plc | 19,553 | 788,712 |
Grafton Group plc | 260,894 | 2,872,530 |
Grainger plc | 232,541 | 880,381 |
Great Portland Estates plc | 99,483 | 1,070,689 |
Greencore Group plc | 498,780 | 1,333,434 |
Greggs plc | 66,757 | 1,782,117 |
GVC Holdings plc | 85,290 | 860,198 |
Halfords Group plc | 663,759 | 1,271,730 |
Halma plc | 88,214 | 2,173,516 |
Hammerson plc | 477,341 | 1,271,851 |
Hargreaves Lansdown plc | 44,929 | 881,764 |
Headlam Group plc | 150,242 | 969,116 |
Hikma Pharmaceuticals plc | 65,684 | 1,500,100 |
Hill & Smith Holdings plc | 52,693 | 899,865 |
HomeServe plc | 85,934 | 1,298,503 |
Security | Number of Shares | Value ($) |
Howden Joinery Group plc | 360,540 | 2,928,894 |
Hunting plc | 163,589 | 664,468 |
Ibstock plc | 322,662 | 1,128,429 |
IG Group Holdings plc | 343,671 | 2,956,910 |
Indivior plc * | 2,075,041 | 1,146,320 |
Intermediate Capital Group plc | 148,670 | 3,023,149 |
International Personal Finance plc | 901,579 | 1,676,711 |
Intu Properties plc *(a) | 2,978,839 | 462,482 |
IWG plc | 451,058 | 2,026,273 |
J.D. Wetherspoon plc | 57,420 | 985,725 |
JD Sports Fashion plc | 124,392 | 1,170,990 |
John Laing Group plc | 188,091 | 808,197 |
Jupiter Fund Management plc | 449,981 | 1,724,283 |
Just Group plc * | 2,070,419 | 1,919,942 |
KAZ Minerals plc | 120,772 | 632,321 |
Keller Group plc | 202,178 | 1,675,991 |
Kier Group plc (a) | 859,955 | 1,229,133 |
Lancashire Holdings Ltd. | 208,339 | 1,927,978 |
Lookers plc | 1,882,073 | 1,087,798 |
Man Group plc | 1,228,241 | 2,299,909 |
Marshalls plc | 85,183 | 791,007 |
Marston's plc | 1,035,825 | 1,191,415 |
McCarthy & Stone plc | 631,663 | 1,081,144 |
Mediclinic International plc | 300,650 | 1,301,829 |
Melrose Industries plc | 825,188 | 2,207,104 |
Mitchells & Butlers plc * | 342,380 | 1,465,029 |
Mitie Group plc | 413,393 | 738,182 |
Moneysupermarket.com Group plc | 281,842 | 1,117,791 |
Morgan Advanced Materials plc | 328,468 | 1,166,356 |
Morgan Sindall Group plc | 67,475 | 1,511,700 |
N Brown Group plc | 527,907 | 387,720 |
National Express Group plc | 442,963 | 2,396,716 |
Ocado Group plc * | 41,802 | 568,109 |
OneSavings Bank plc | 131,053 | 672,255 |
Pagegroup plc | 313,990 | 1,629,906 |
Paragon Banking Group plc | 163,749 | 951,663 |
PayPoint plc | 42,641 | 452,063 |
Pendragon plc | 11,730,977 | 1,798,078 |
Petra Diamonds Ltd. * | 3,903,497 | 206,916 |
Petrofac Ltd. | 479,076 | 1,947,754 |
Pets at Home Group plc | 645,824 | 2,123,322 |
Phoenix Group Holdings plc | 294,588 | 2,600,830 |
Playtech plc | 463,432 | 1,479,855 |
Plus500 Ltd. | 116,167 | 1,409,018 |
Polymetal International plc | 169,119 | 2,579,229 |
Polypipe Group plc | 121,782 | 831,427 |
Premier Oil plc * | 2,046,337 | 2,029,345 |
Provident Financial plc | 497,155 | 2,551,496 |
PZ Cussons plc | 244,075 | 564,280 |
QinetiQ Group plc | 497,919 | 2,187,813 |
Quilter plc | 344,196 | 641,877 |
Rathbone Brothers plc | 19,390 | 411,130 |
Redde Northgate plc | 416,040 | 1,312,578 |
Redrow plc | 182,207 | 1,736,189 |
Renewi plc | 1,334,935 | 613,841 |
Renishaw plc | 12,386 | 552,773 |
Rhi Magnesita N.V. | 11,172 | 426,673 |
Rightmove plc | 115,117 | 910,172 |
Rotork plc | 414,114 | 1,489,518 |
Royal Bank of Scotland Group plc | 494,687 | 1,128,825 |
RPS Group plc | 522,263 | 821,851 |
Safestore Holdings plc | 58,221 | 588,605 |
Saga plc | 2,977,315 | 1,228,345 |
Savills plc | 124,491 | 1,720,515 |
Schroders plc | 57,434 | 2,093,708 |
Segro plc | 184,295 | 1,933,106 |
Senior plc | 615,559 | 1,110,191 |
Serco Group plc * | 812,209 | 1,583,126 |
Security | Number of Shares | Value ($) |
SIG plc | 1,255,901 | 1,012,227 |
Signature Aviation plc | 600,594 | 2,144,921 |
Spectris plc | 83,828 | 2,908,118 |
Spirax-Sarco Engineering plc | 20,062 | 2,151,236 |
Spire Healthcare Group plc | 708,108 | 1,045,564 |
SSP Group plc | 199,718 | 1,293,357 |
ST Modwen Properties plc | 117,800 | 721,485 |
Stagecoach Group plc | 911,642 | 1,514,938 |
Stock Spirits Group plc | 180,871 | 441,723 |
Superdry plc | 174,781 | 692,068 |
Synthomer plc | 264,740 | 952,238 |
TalkTalk Telecom Group plc | 938,317 | 1,317,166 |
Ted Baker plc | 51,041 | 189,456 |
Telecom Plus plc | 50,768 | 865,046 |
The Go-Ahead Group plc | 68,531 | 1,706,051 |
The Restaurant Group plc | 675,442 | 914,507 |
The Unite Group plc | 53,247 | 770,581 |
TP ICAP plc | 282,655 | 1,314,891 |
TT electronics plc | 280,984 | 714,213 |
Tullow Oil plc | 329,633 | 141,891 |
Tyman plc | 252,566 | 782,312 |
UDG Healthcare plc | 167,392 | 1,499,877 |
Ultra Electronics Holdings plc | 56,553 | 1,404,974 |
Vesuvius plc | 302,190 | 1,631,183 |
Victrex plc | 52,451 | 1,404,230 |
Vistry Group plc | 273,900 | 4,474,616 |
WH Smith plc | 75,434 | 1,856,701 |
Wizz Air Holdings plc * | 15,730 | 686,140 |
204,437,008 | ||
Total Common Stock | ||
(Cost $2,030,269,334) | 1,886,315,313 | |
Preferred Stock 0.3% of net assets | ||
Germany 0.3% | ||
Draegerwerk AG & Co. KGaA | 27,133 | 1,736,097 |
Jungheinrich AG | 52,578 | 1,047,085 |
Sartorius AG | 3,898 | 886,323 |
Schaeffler AG | 173,409 | 1,539,087 |
Sixt SE | 14,333 | 867,499 |
Total Preferred Stock | ||
(Cost $6,677,613) | 6,076,091 | |
Rights 0.0% of net assets | ||
Norway 0.0% | ||
XXL A.S.A. expires 03/11/20 *(b) | 21,797 | — |
Total Rights | ||
(Cost $—) | — | |
Other Investment Company 2.1% of net assets | ||
United States 2.1% | ||
Securities Lending Collateral 2.1% | ||
Wells Fargo Government Money Market Fund, Select Class 1.52% (c) | 39,613,417 | 39,613,417 |
Total Other Investment Company | ||
(Cost $39,613,417) | 39,613,417 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
Long | ||||||
MSCI EAFE Index, expires 03/20/20 | 82 | 7,445,600 | (407,548) |
* | Non-income producing security. |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $35,720,806. |
(b) | Fair-valued by management using significant unobservable inputs in accordance with procedures approved by the fund’s Board of Trustees. |
(c) | The rate shown is the 7-day yield. |
CVA — | Dutch Certificate |
REIT — | Real Estate Investment Trust |
Security | Number of Shares | Value ($) |
Common Stock 93.5% of net assets | ||
Brazil 5.5% | ||
Ambev S.A. | 3,138,886 | 10,115,901 |
B3 S.A. - Brasil Bolsa Balcao | 357,030 | 3,798,486 |
Banco Bradesco S.A. | 877,167 | 5,305,794 |
Banco do Brasil S.A. | 1,671,019 | 17,355,945 |
BRF S.A. * | 832,552 | 4,989,795 |
CCR S.A. | 1,072,587 | 3,882,248 |
Centrais Eletricas Brasileiras S.A. | 184,630 | 1,413,069 |
Cia Energetica de Minas Gerais | 160,753 | 529,828 |
Cielo S.A. | 1,954,704 | 2,967,811 |
Cogna Educacao | 1,429,535 | 3,197,058 |
Companhia de Saneamento Basico do Estado de Sao Paulo | 335,237 | 4,365,404 |
Embraer S.A. * | 1,106,048 | 4,157,808 |
JBS S.A. | 1,646,005 | 8,281,740 |
Petrobras Distribuidora S.A. | 574,600 | 3,324,074 |
Petroleo Brasileiro S.A. | 3,204,178 | 19,281,955 |
Tim Participacoes S.A. | 1,231,566 | 4,403,081 |
Ultrapar Participacoes S.A. | 2,406,157 | 10,175,762 |
Vale S.A. | 3,564,701 | 35,009,786 |
142,555,545 | ||
Chile 0.8% | ||
Cencosud S.A. | 3,816,269 | 4,466,030 |
Empresas COPEC S.A. | 718,955 | 5,564,401 |
Enel Americas S.A. | 29,603,650 | 4,943,986 |
Latam Airlines Group S.A. | 379,865 | 2,526,475 |
S.A.C.I. Falabella | 537,342 | 1,781,686 |
19,282,578 | ||
China 28.0% | ||
Agile Group Holdings Ltd. | 2,406,718 | 3,378,587 |
Agricultural Bank of China Ltd., H Shares | 39,418,546 | 15,781,480 |
Alibaba Group Holding Ltd. ADR * | 111,971 | 23,289,968 |
Anhui Conch Cement Co., Ltd., H Shares | 825,485 | 6,053,659 |
Baidu, Inc. ADR * | 89,876 | 10,783,322 |
Bank of China Ltd., H Shares | 112,816,698 | 44,587,861 |
Bank of Communications Co., Ltd., H Shares | 10,867,008 | 6,972,243 |
China Cinda Asset Management Co., Ltd., H Shares | 17,153,860 | 3,587,914 |
China CITIC Bank Corp., Ltd., H Shares | 13,687,301 | 7,113,206 |
China Communications Construction Co., Ltd., H Shares | 7,705,301 | 5,744,580 |
China Communications Services Corp., Ltd., H Shares | 4,242,716 | 3,282,871 |
China Construction Bank Corp., H Shares | 120,967,701 | 97,791,817 |
China Evergrande Group | 1,928,381 | 4,330,354 |
China Huarong Asset Management Co., Ltd., H Shares | 32,487,304 | 4,418,879 |
China Life Insurance Co., Ltd., H Shares | 3,276,186 | 7,676,475 |
Security | Number of Shares | Value ($) |
China Merchants Bank Co., Ltd., H Shares | 2,640,259 | 12,450,776 |
China Minsheng Banking Corp., Ltd., H Shares | 10,112,339 | 6,825,428 |
China Mobile Ltd. | 7,479,288 | 58,831,953 |
China National Building Material Co., Ltd., H Shares | 8,179,041 | 9,456,267 |
China Overseas Land & Investment Ltd. | 3,359,244 | 11,272,125 |
China Pacific Insurance (Group) Co., Ltd., H Shares | 1,373,985 | 4,522,326 |
China Petroleum & Chemical Corp., H Shares | 98,390,427 | 50,754,136 |
China Railway Construction Corp., Ltd., H Shares | 4,108,936 | 4,703,128 |
China Railway Group Ltd., H Shares | 7,529,188 | 4,251,022 |
China Resources Beer Holdings Co., Ltd. | 674,741 | 3,125,625 |
China Resources Land Ltd. | 1,952,688 | 9,007,915 |
China Resources Power Holdings Co., Ltd. | 4,727,610 | 5,623,593 |
China Shenhua Energy Co., Ltd., H Shares | 6,026,903 | 10,455,948 |
China Telecom Corp., Ltd., H Shares | 30,877,962 | 11,609,374 |
China Unicom Hong Kong Ltd. | 12,672,750 | 10,000,887 |
China Vanke Co., Ltd., H Shares | 972,833 | 3,745,002 |
CITIC Ltd. | 7,950,736 | 8,825,026 |
CNOOC Ltd. | 21,096,386 | 28,911,582 |
Country Garden Holdings Co., Ltd. | 4,145,764 | 5,490,056 |
Dongfeng Motor Group Co., Ltd., H Shares | 4,289,576 | 3,390,686 |
ENN Energy Holdings Ltd. | 328,549 | 3,640,450 |
Fosun International Ltd. | 2,558,082 | 3,259,540 |
GCL-Poly Energy Holdings Ltd. * | 70,926,431 | 3,367,459 |
Geely Automobile Holdings Ltd. | 2,235,394 | 3,975,666 |
Great Wall Motor Co., Ltd., H Shares | 5,306,875 | 3,840,701 |
Guangzhou R&F Properties Co., Ltd., H Shares | 2,190,780 | 3,395,926 |
Haier Electronics Group Co., Ltd. | 1,322,523 | 3,784,431 |
Hengan International Group Co., Ltd. | 503,844 | 3,740,176 |
Huaneng Power International, Inc., H Shares | 9,592,846 | 3,865,179 |
Industrial & Commercial Bank of China Ltd., H Shares | 92,285,939 | 63,118,298 |
JD.com, Inc. ADR * | 175,505 | 6,758,698 |
Jiangxi Copper Co., Ltd., H Shares | 4,510,028 | 5,289,541 |
Kingboard Holdings Ltd. | 1,500,284 | 3,965,822 |
Kunlun Energy Co., Ltd. | 3,955,008 | 2,760,825 |
Longfor Group Holdings Ltd. | 940,479 | 4,350,578 |
NetEase, Inc. ADR | 21,116 | 6,729,880 |
PetroChina Co., Ltd., H Shares | 47,747,412 | 18,503,305 |
PICC Property & Casualty Co., Ltd., H Shares | 7,737,002 | 8,011,960 |
Ping An Insurance Group Co. of China Ltd., H Shares | 1,735,581 | 19,297,720 |
Shimao Property Holdings Ltd. | 1,476,233 | 5,285,081 |
Sinopec Shanghai Petrochemical Co., Ltd., H Shares | 9,785,366 | 2,498,749 |
Security | Number of Shares | Value ($) |
Sinopharm Group Co., Ltd., H Shares | 1,325,188 | 4,089,640 |
Tencent Holdings Ltd. | 582,429 | 28,848,473 |
720,424,169 | ||
Colombia 0.3% | ||
Bancolombia S.A. | 256,685 | 2,822,257 |
Ecopetrol S.A. | 6,343,395 | 5,552,836 |
8,375,093 | ||
Czech Republic 0.2% | ||
CEZ A/S | 245,697 | 4,675,061 |
Egypt 0.1% | ||
Commercial International Bank Egypt SAE GDR | 701,117 | 3,435,473 |
Greece 0.7% | ||
Alpha Bank AE * | 4,145,592 | 5,860,643 |
Hellenic Telecommunications Organization S.A. | 264,819 | 3,729,214 |
National Bank of Greece S.A. * | 1,757,121 | 3,859,253 |
Piraeus Bank S.A. * | 2,620,586 | 5,711,106 |
19,160,216 | ||
Hungary 0.4% | ||
MOL Hungarian Oil & Gas plc | 791,912 | 6,090,379 |
OTP Bank Nyrt | 125,194 | 5,412,881 |
11,503,260 | ||
India 6.9% | ||
Axis Bank Ltd. | 629,206 | 6,079,542 |
Bharat Petroleum Corp., Ltd. | 1,798,676 | 10,626,189 |
Bharti Airtel Ltd. * | 1,360,298 | 9,867,544 |
Coal India Ltd. | 1,928,815 | 4,500,813 |
HCL Technologies Ltd. | 657,240 | 4,866,404 |
Hero MotoCorp Ltd. | 92,537 | 2,630,863 |
Hindalco Industries Ltd. | 1,733,086 | 3,743,903 |
Hindustan Petroleum Corp., Ltd. | 1,717,942 | 4,702,663 |
Housing Development Finance Corp., Ltd. | 337,202 | 10,166,173 |
Indian Oil Corp., Ltd. | 5,755,392 | 8,433,612 |
Infosys Ltd. | 1,914,736 | 19,413,342 |
ITC Ltd. | 1,204,794 | 3,297,981 |
JSW Steel Ltd. | 1,138,395 | 3,718,013 |
Mahindra & Mahindra Ltd. | 404,753 | 2,563,375 |
Maruti Suzuki India Ltd. | 54,740 | 4,765,814 |
NTPC Ltd. | 2,655,454 | 3,920,582 |
Oil & Natural Gas Corp., Ltd. | 6,178,499 | 7,872,144 |
Rajesh Exports Ltd. | 378,448 | 3,451,616 |
Reliance Industries Ltd. GDR | 644,760 | 23,437,026 |
State Bank of India * | 1,477,635 | 6,203,948 |
Sun Pharmaceutical Industries Ltd. | 581,447 | 3,004,422 |
Tata Consultancy Services Ltd. | 345,698 | 9,581,153 |
Tata Motors Ltd. * | 4,480,137 | 8,005,178 |
Tata Motors Ltd., A Shares, DVR * | 1,849,181 | 1,422,102 |
Tata Steel Ltd. | 580,305 | 3,069,684 |
Vedanta Ltd. | 3,878,729 | 6,127,067 |
Wipro Ltd. | 988,325 | 3,032,730 |
178,503,883 | ||
Security | Number of Shares | Value ($) |
Indonesia 1.3% | ||
PT Astra International Tbk | 18,560,285 | 7,147,278 |
PT Bank Central Asia Tbk | 1,831,129 | 4,013,870 |
PT Bank Mandiri (Persero) Tbk | 10,663,981 | 5,407,246 |
PT Bank Rakyat Indonesia (Persero) Tbk | 23,780,090 | 6,944,665 |
PT Telekomunikasi Indonesia (Persero) Tbk | 38,893,045 | 9,460,654 |
32,973,713 | ||
Kuwait 0.5% | ||
Kuwait Finance House KSCP | 1,483,043 | 3,848,158 |
Mobile Telecommunications Co. KSC | 2,945,314 | 5,390,117 |
National Bank of Kuwait SAKP | 1,319,379 | 4,367,748 |
13,606,023 | ||
Malaysia 1.8% | ||
Axiata Group Berhad | 5,198,672 | 5,155,504 |
CIMB Group Holdings Berhad | 5,300,320 | 6,061,101 |
Genting Berhad | 3,307,000 | 3,883,666 |
Malayan Banking Berhad | 4,417,313 | 8,824,146 |
Petronas Chemicals Group Berhad | 2,073,500 | 2,656,441 |
Public Bank Berhad | 1,432,600 | 5,811,972 |
Tenaga Nasional Berhad | 4,492,600 | 12,896,906 |
45,289,736 | ||
Mexico 4.1% | ||
Alfa S.A.B. de C.V., A Shares | 7,455,680 | 4,734,064 |
America Movil S.A.B. de C.V., Series L | 42,698,968 | 33,475,007 |
Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santand | 1,180,483 | 1,502,102 |
Cemex S.A.B. de C.V. ADR | 3,238,211 | 10,621,332 |
Coca-Cola Femsa S.A.B. de C.V. | 531,183 | 2,924,170 |
Fomento Economico Mexicano S.A.B. de C.V. | 1,507,412 | 12,123,106 |
Grupo Bimbo S.A.B. de C.V., Series A | 2,540,564 | 3,810,236 |
Grupo Financiero Banorte S.A.B. de C.V., O Shares | 1,794,812 | 9,668,313 |
Grupo Mexico S.A.B. de C.V., Series B | 3,918,610 | 9,188,588 |
Grupo Televisa S.A.B., Series CPO | 2,841,253 | 5,285,952 |
Wal-Mart de Mexico S.A.B. de C.V. | 4,313,477 | 12,027,577 |
105,360,447 | ||
Philippines 0.3% | ||
PLDT, Inc. | 222,480 | 4,320,847 |
SM Investments Corp. | 162,899 | 3,114,175 |
7,435,022 | ||
Qatar 0.5% | ||
Ooredoo QPSC | 2,213,596 | 3,844,499 |
Qatar National Bank QPSC | 1,880,376 | 9,729,154 |
13,573,653 | ||
Russia 12.6% | ||
Alrosa PJSC | 3,434,723 | 3,648,882 |
Gazprom PJSC | 32,137,182 | 96,913,690 |
Inter RAO UES PJSC | 99,622,605 | 7,714,822 |
LUKOIL PJSC | 1,044,307 | 88,571,841 |
Magnit PJSC | 233,425 | 10,978,270 |
MMC Norilsk Nickel PJSC | 38,391 | 11,568,717 |
Security | Number of Shares | Value ($) |
Mobile TeleSystems PJSC | 2,327,067 | 11,098,585 |
NovaTek PJSC | 412,052 | 5,915,890 |
Rosneft Oil Co. PJSC | 2,742,571 | 16,463,588 |
Rostelecom PJSC | 3,058,905 | 3,945,623 |
Sberbank of Russia PJSC | 8,793,970 | 30,538,107 |
Severstal PJSC | 280,255 | 3,397,258 |
Sistema PJSC | 27,106,834 | 6,468,124 |
Surgutneftegas PJSC | 14,596,536 | 8,348,474 |
Tatneft PJSC | 1,331,760 | 13,309,673 |
VTB Bank PJSC | 9,112,280,000 | 5,877,421 |
324,758,965 | ||
South Africa 5.0% | ||
Absa Group Ltd. | 1,018,254 | 8,563,392 |
AngloGold Ashanti Ltd. | 260,320 | 4,596,452 |
Aspen Pharmacare Holdings Ltd. * | 481,581 | 3,061,253 |
Barloworld Ltd. | 569,186 | 2,932,494 |
Bid Corp., Ltd. | 296,911 | 5,249,331 |
FirstRand Ltd. | 2,114,456 | 7,408,627 |
Gold Fields Ltd. | 1,214,161 | 7,117,562 |
MTN Group Ltd. | 4,378,699 | 20,513,627 |
MultiChoice Group * | 40,103 | 230,500 |
Naspers Ltd., N Shares | 29,866 | 4,520,176 |
Nedbank Group Ltd. | 416,383 | 4,674,532 |
Remgro Ltd. | 259,596 | 2,640,267 |
Sanlam Ltd. | 1,024,017 | 4,229,770 |
Sappi Ltd. * | 1,256,247 | 2,330,184 |
Sasol Ltd. | 1,222,474 | 14,446,043 |
Shoprite Holdings Ltd. | 739,128 | 5,267,840 |
Standard Bank Group Ltd. | 1,193,244 | 11,263,817 |
Steinhoff International Holdings N.V. * | 78,388,074 | 6,677,051 |
The Bidvest Group Ltd. | 287,396 | 3,288,388 |
Tiger Brands Ltd. | 218,493 | 2,102,916 |
Vodacom Group Ltd. | 722,346 | 5,035,736 |
Woolworths Holdings Ltd. | 1,333,892 | 3,031,284 |
129,181,242 | ||
Taiwan 19.3% | ||
Acer, Inc. | 6,695,470 | 3,615,348 |
Asustek Computer, Inc. | 1,936,176 | 13,172,353 |
AU Optronics Corp. | 46,436,371 | 14,569,115 |
Catcher Technology Co., Ltd. | 838,000 | 6,559,091 |
Cathay Financial Holding Co., Ltd. | 5,631,840 | 7,449,106 |
Cheng Shin Rubber Industry Co., Ltd. | 2,897,000 | 3,783,958 |
China Steel Corp. | 14,051,088 | 10,673,063 |
Chunghwa Telecom Co., Ltd. | 3,036,764 | 10,831,438 |
Compal Electronics, Inc. | 18,319,000 | 11,162,191 |
CTBC Financial Holding Co., Ltd. | 10,866,809 | 8,146,653 |
Delta Electronics, Inc. | 1,716,696 | 7,937,299 |
Far Eastern New Century Corp. | 5,768,061 | 5,381,454 |
Far EasTone Telecommunications Co., Ltd. | 1,416,588 | 3,092,405 |
First Financial Holding Co., Ltd. | 5,060,730 | 3,961,073 |
Formosa Chemicals & Fibre Corp. | 3,303,882 | 8,969,075 |
Formosa Petrochemical Corp. | 1,482,704 | 4,216,081 |
Formosa Plastics Corp. | 2,841,704 | 8,540,269 |
Foxconn Technology Co., Ltd. | 1,800,858 | 3,538,733 |
Fubon Financial Holding Co., Ltd. | 7,626,116 | 11,195,061 |
Hon Hai Precision Industry Co., Ltd. | 31,912,928 | 84,631,784 |
Innolux Corp. | 61,151,000 | 15,954,454 |
Inventec Corp. | 8,109,646 | 6,146,613 |
Largan Precision Co., Ltd. | 30,300 | 4,432,999 |
Lite-On Technology Corp. | 3,379,229 | 4,893,713 |
MediaTek, Inc. | 1,113,046 | 13,233,262 |
Mega Financial Holding Co., Ltd. | 6,243,548 | 6,670,479 |
Nan Ya Plastics Corp. | 4,901,588 | 11,023,899 |
Security | Number of Shares | Value ($) |
Pegatron Corp. | 8,429,234 | 17,454,481 |
Pou Chen Corp. | 4,198,000 | 4,727,680 |
President Chain Store Corp. | 352,000 | 3,446,820 |
Quanta Computer, Inc. | 4,871,058 | 9,973,929 |
Synnex Technology International Corp. | 3,646,178 | 4,527,693 |
Taiwan Cement Corp. | 3,818,414 | 5,327,961 |
Taiwan Mobile Co., Ltd. | 1,009,000 | 3,498,902 |
Taiwan Semiconductor Manufacturing Co., Ltd. | 10,735,352 | 112,035,246 |
Uni-President Enterprises Corp. | 3,756,796 | 9,081,969 |
United Microelectronics Corp. | 21,773,931 | 11,002,201 |
Walsin Lihwa Corp. | 7,660,000 | 3,529,021 |
Wistron Corp. | 9,504,934 | 8,491,173 |
WPG Holdings Ltd. | 4,917,880 | 6,301,747 |
Yuanta Financial Holding Co., Ltd. | 5,374,000 | 3,407,612 |
496,587,404 | ||
Thailand 2.9% | ||
Advanced Info Service PCL NVDR | 731,700 | 4,637,617 |
Charoen Pokphand Foods PCL NVDR | 4,053,200 | 3,436,004 |
CP ALL PCL NVDR | 1,546,800 | 3,223,010 |
Kasikornbank PCL NVDR | 1,582,100 | 5,966,405 |
Krung Thai Bank PCL NVDR | 6,632,800 | 2,942,773 |
PTT Exploration & Production PCL NVDR | 1,402,300 | 4,710,626 |
PTT Global Chemical PCL NVDR | 4,095,100 | 5,353,284 |
PTT PCL NVDR | 20,910,300 | 25,843,819 |
Thai Oil PCL NVDR | 2,257,000 | 3,093,495 |
The Siam Cement PCL NVDR | 863,000 | 8,478,213 |
The Siam Commercial Bank PCL NVDR | 2,103,800 | 5,817,035 |
73,502,281 | ||
Turkey 1.7% | ||
Akbank T.A.S. * | 4,983,939 | 5,391,275 |
BIM Birlesik Magazalar A/S | 452,418 | 3,477,883 |
Eregli Demir ve Celik Fabrikalari T.A.S. | 3,000,477 | 3,961,105 |
Haci Omer Sabanci Holding A/S | 2,709,295 | 3,689,419 |
KOC Holding A/S | 1,885,841 | 5,190,457 |
Tupras-Turkiye Petrol Rafinerileri A/S | 226,974 | 3,679,236 |
Turk Hava YollariI AO * | 1,465,271 | 2,755,040 |
Turkcell Iletisim Hizmetleri A/S | 2,541,726 | 5,629,073 |
Turkiye Garanti Bankasi A/S * | 3,887,422 | 5,909,591 |
Turkiye Halk Bankasi A/S * | 3,670,739 | 3,512,585 |
43,195,664 | ||
United Arab Emirates 0.6% | ||
Abu Dhabi Commercial Bank PJSC | 1,440,868 | 2,797,078 |
Emaar Properties PJSC | 3,357,928 | 3,199,855 |
Emirates Telecommunications Group Co. PJSC | 1,383,789 | 5,952,753 |
First Abu Dhabi Bank PJSC | 742,946 | 2,896,618 |
14,846,304 | ||
Total Common Stock | ||
(Cost $2,441,543,737) | 2,408,225,732 | |
Preferred Stock 6.2% of net assets | ||
Brazil 4.4% | ||
Banco Bradesco S.A. | 3,415,679 | 23,113,646 |
Centrais Eletricas Brasileiras S.A., B Shares | 141,830 | 1,126,995 |
Cia Brasileira de Distribuicao | 239,752 | 3,831,972 |
Security | Number of Shares | Value ($) |
Companhia Energetica de Minas Gerais | 1,872,569 | 5,794,125 |
Gerdau S.A. | 2,130,626 | 7,995,190 |
Itau Unibanco Holding S.A. | 4,937,675 | 35,021,688 |
Itausa - Investimentos Itau S.A. | 1,053,367 | 2,804,060 |
Metalurgica Gerdau S.A. | 2,355,763 | 4,151,101 |
Petroleo Brasileiro S.A. | 4,113,636 | 23,104,526 |
Telefonica Brasil S.A. | 597,538 | 7,069,826 |
114,013,129 | ||
Colombia 0.2% | ||
Bancolombia S.A. | 403,655 | 4,788,699 |
Russia 1.6% | ||
Surgutneftegas PJSC | 18,014,381 | 8,784,695 |
Tatneft PJSC | 115,409 | 1,134,855 |
Transneft PJSC | 13,579 | 30,684,094 |
40,603,644 | ||
Total Preferred Stock | ||
(Cost $149,699,289) | 159,405,472 | |
Other Investment Company 0.1% of net assets | ||
United States 0.1% | ||
Money Market Fund 0.1% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.53% (a) | 2,587,222 | 2,587,222 |
Total Other Investment Company | ||
(Cost $2,587,222) | 2,587,222 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Depreciation ($) | ||||
Futures Contracts | ||||||
Long | ||||||
MSCI Emerging Markets Index, expires 03/20/20 | 127 | 6,405,880 | (578,104) |
* | Non-income producing security. |
(a) | The rate shown is the 7-day yield. |
ADR — | American Depositary Receipt |
DVR — | Differential Voting Rights |
GDR — | Global Depositary Receipt |
NVDR — | Non-Voting Depositary Receipt |
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of Schwab Strategic Trust and Shareholders of Schwab Fundamental U.S. Broad Market Index ETF, Schwab Fundamental U.S. Large Company Index ETF, Schwab Fundamental U.S. Small Company Index ETF, Schwab Fundamental International Large Company Index ETF, Schwab Fundamental International Small Company Index ETF and Schwab Fundamental Emerging Markets Large Company Index ETF
Opinions on the Financial Statements
We have audited the accompanying statements of assets and liabilities, including the condensed portfolio holdings, of Schwab Fundamental U.S. Broad Market Index ETF, Schwab Fundamental U.S. Large Company Index ETF, Schwab Fundamental U.S. Small Company Index ETF, Schwab Fundamental International Large Company Index ETF, Schwab Fundamental International Small Company Index ETF and Schwab Fundamental Emerging Markets Large Company Index ETF (six of the funds constituting Schwab Strategic Trust, hereafter collectively referred to as the “Funds”) as of February 29, 2020, the related statements of operations for the year ended February 29, 2020, the statements of changes in net assets for each of the two years in the period ended February 29, 2020, including the related notes, and the financial highlights for each of the five years in the period ended February 29, 2020 (included in Item 1 of this Form N-CSR) and the schedule of investments (included in Item 6 of this Form N-CSR) as of February 29, 2020 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of February 29, 2020, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended February 29, 2020 and each of the financial highlights for each of the five years in the period ended February 29, 2020 in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinions
These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of February 29, 2020 by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.
/s/PricewaterhouseCoopers LLP
San Francisco, California
April 16, 2020
We have served as the auditor of one or more investment companies in the Schwab Funds Complex since 1989.
Item 7: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Item 8: Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9: Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10: Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 11: Controls and Procedures.
(a) Based on their evaluation of Registrant’s disclosure controls and procedures, as of a date within 90 days of the filing date, Registrant’s Chief Executive Officer, Jonathan de St. Paer and Registrant’s Chief Financial Officer, Mark Fischer, have concluded that Registrant’s disclosure controls and procedures are: (i) reasonably designed to ensure that information required to be disclosed in this report is appropriately communicated to Registrant’s officers to allow timely decisions regarding disclosures required in this report; (ii) reasonably designed to ensure that information required to be disclosed in this report is recorded, processed, summarized and reported in a timely manner; and (iii) are effective in achieving the goals described in (i) and (ii) above.
(b) During the period covered by this report, there have been no changes in Registrant’s internal control over financial reporting that the above officers
believe to have materially affected, or to be reasonably likely to materially affect, Registrant’s internal control over financial reporting.
Item 12: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
(a) (1) Registrant’s code of ethics (that is the subject of the disclosure required by Item 2(a)) is attached.
(3) Not applicable.
(b) A certification for Registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(b) under the 1940 Act, is attached. This certification is being furnished to the Securities and Exchange Commission solely pursuant to 18 U.S.C. section 1350 and is not being filed as part of the Form N-CSR with the Commission.
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/ Jonathan de St. Paer ___
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/ Jonathan de St. Paer __
Jonathan de St. Paer
Mark Fischer