UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-02546
Fidelity Commonwealth Trust
(Exact name of registrant as specified in charter)
245 Summer St., Boston, MA 02210
(Address of principal executive offices) (Zip code)
Margaret Carey, Secretary
245 Summer St.
Boston, Massachusetts 02210
(Name and address of agent for service)
Registrant's telephone number, including area code:
617-563-7000
Date of fiscal year end: | November 30 |
Date of reporting period: | May 31, 2024 |
Item 1.
Reports to Stockholders
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF MAY 31, 2024 | ||
| Fidelity® Nasdaq Composite Index® ETF Fidelity® Nasdaq Composite Index® ETF : ONEQ Principal U.S. Listing Exchange : NASDAQ NASDAQ/NMS Global Market | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Fidelity® Nasdaq Composite Index® ETF | $ 12 | 0.21% |
KEY FACTS | ||
Fund Size | $6,310,591,600 | |
Number of Holdings | 1,022 | |
Portfolio Turnover | 4% |
(as of May 31, 2024)
MARKET SECTORS (% of Fund's net assets) | ||
Information Technology | 50.1 | |
Communication Services | 14.8 | |
Consumer Discretionary | 13.2 | |
Health Care | 6.8 | |
Industrials | 4.1 | |
Consumer Staples | 3.8 | |
Financials | 3.7 | |
Materials | 1.0 | |
Utilities | 0.8 | |
Real Estate | 0.8 | |
Energy | 0.6 | |
Common Stocks | 99.7 |
Short-Term Investments and Net Other Assets (Liabilities) | 0.3 |
ASSET ALLOCATION (% of Fund's net assets) |
United States | 96.6 |
China | 1.1 |
Brazil | 0.5 |
Netherlands | 0.5 |
United Kingdom | 0.4 |
Israel | 0.3 |
Canada | 0.2 |
Kazakhstan | 0.1 |
Switzerland | 0.1 |
Others | 0.2 |
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets) |
TOP HOLDINGS (% of Fund's net assets) | ||
Microsoft Corp | 11.4 | |
Apple Inc | 10.9 | |
NVIDIA Corp | 10.2 | |
Amazon.com Inc | 6.8 | |
Meta Platforms Inc Class A | 3.9 | |
Alphabet Inc Class A | 3.8 | |
Alphabet Inc Class C | 3.6 | |
Broadcom Inc | 2.3 | |
Tesla Inc | 2.2 | |
Costco Wholesale Corp | 1.4 | |
56.5 | ||
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
1.9915910.100 1283-TSRS-0724 | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec |
Item 2.
Code of Ethics
Not applicable.
Item 3.
Audit Committee Financial Expert
Not applicable.
Item 4.
Principal Accountant Fees and Services
Not applicable.
Item 5.
Audit Committee of Listed Registrants
Not applicable.
Item 6.
Investments
(a)
Not applicable.
(b)
Not applicable
Item 7.
Financial Statements and Financial Highlights for Open-End Management Investment Companies
Contents
Common Stocks - 99.7% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 15.0% | |||
Diversified Telecommunication Services - 0.1% | |||
Cogent Communications Group, Inc. (a) | 13,781 | 816,111 | |
Consolidated Communications Holdings, Inc. (b) | 90,033 | 396,145 | |
Frontier Communications Parent, Inc. (a)(b) | 69,551 | 1,854,230 | |
GCI Liberty, Inc. Class A (Escrow) (c)(i) | 18,738 | 0 | |
Iridium Communications, Inc. | 33,711 | 1,015,038 | |
Liberty Global Ltd.: | |||
Class A | 49,704 | 828,566 | |
Class C (a) | 56,835 | 970,173 | |
Liberty Latin America Ltd. Class C (a)(b) | 164,335 | 1,490,518 | |
7,370,781 | |||
Entertainment - 1.5% | |||
Atlanta Braves Holdings, Inc. Class C, (a) | 17,269 | 690,242 | |
Bilibili, Inc. ADR (b) | 29,412 | 427,062 | |
Electronic Arts, Inc. (a) | 57,517 | 7,642,859 | |
Grom Social Enterprises, Inc. (a)(b) | 97,017 | 46,762 | |
iQIYI, Inc. ADR (b) | 122,371 | 566,578 | |
Liberty Media Corp. Liberty Formula One: | |||
Class A | 8,672 | 593,252 | |
Class C (a) | 49,270 | 3,652,878 | |
Liberty Media Corp. Liberty Live: | |||
Class C | 15,627 | 594,920 | |
Series A | 6,887 | 252,271 | |
Lionsgate Studios Corp. (a) | 67,127 | 559,168 | |
NetEase, Inc. ADR | 30,690 | 2,732,331 | |
Netflix, Inc. (b) | 100,073 | 64,208,838 | |
Playtika Holding Corp. (a) | 98,777 | 863,311 | |
Roku, Inc. Class A (b) | 29,203 | 1,676,252 | |
Take-Two Interactive Software, Inc. (b) | 37,961 | 6,087,426 | |
Warner Bros Discovery, Inc. (b) | 559,760 | 4,612,422 | |
Warner Music Group Corp. Class A | 37,956 | 1,130,330 | |
96,336,902 | |||
Interactive Media & Services - 11.4% | |||
Alphabet, Inc.: | |||
Class A | 1,364,879 | 235,441,628 | |
Class C | 1,313,319 | 228,464,973 | |
Baidu, Inc. sponsored ADR (b) | 33,585 | 3,264,462 | |
Bumble, Inc. (a)(b) | 85,218 | 997,051 | |
CarGurus, Inc. Class A (b) | 18,154 | 439,508 | |
Gamesquare Holdings, Inc. (a)(b) | 51,003 | 66,304 | |
Hello Group, Inc. ADR | 56,489 | 318,598 | |
IAC, Inc. (b) | 29,079 | 1,447,843 | |
JOYY, Inc. ADR | 10,255 | 306,214 | |
Kanzhun Ltd. ADR | 72,334 | 1,537,098 | |
Match Group, Inc. (b) | 64,412 | 1,972,940 | |
Meta Platforms, Inc. Class A | 508,398 | 237,335,438 | |
QuinStreet, Inc. (a)(b) | 27,603 | 486,089 | |
Taboola.com Ltd. (a)(b) | 130,865 | 524,769 | |
TripAdvisor, Inc. (b) | 31,885 | 585,090 | |
Trump Media & Technology Group (a)(b) | 40,971 | 2,011,266 | |
Yandex NV Series A (a)(b)(c) | 4,600 | 53,360 | |
Ziff Davis, Inc. (a)(b) | 12,103 | 697,254 | |
Zoominfo Technologies, Inc. (b) | 99,306 | 1,219,478 | |
717,169,363 | |||
Media - 1.2% | |||
Advantage Solutions, Inc. Class A (a)(b) | 119,943 | 412,604 | |
Charter Communications, Inc. Class A (b) | 34,270 | 9,839,602 | |
Comcast Corp. Class A | 904,458 | 36,205,454 | |
comScore, Inc. (a)(b) | 10,820 | 148,559 | |
Criteo SA sponsored ADR (b) | 15,611 | 609,141 | |
EchoStar Corp. Class A (a)(b) | 55,794 | 1,071,245 | |
Fox Corp.: | |||
Class A | 45,539 | 1,567,908 | |
Class B | 61,339 | 1,959,168 | |
Integral Ad Science Holding Corp. (b) | 49,296 | 456,481 | |
Liberty Broadband Corp.: | |||
Class A (a)(b) | 5,965 | 323,542 | |
Class C (b) | 30,926 | 1,672,787 | |
Liberty Media Corp. Liberty SiriusXM: | |||
Class A | 25,807 | 586,593 | |
Class C | 53,304 | 1,207,869 | |
Magnite, Inc. (a)(b) | 27,971 | 345,162 | |
News Corp.: | |||
Class A | 95,952 | 2,608,935 | |
Class B | 35,904 | 1,001,004 | |
Nexstar Media Group, Inc. Class A (a) | 9,026 | 1,495,518 | |
Paramount Global Class B (a) | 147,023 | 1,751,044 | |
Scholastic Corp. | 12,012 | 435,795 | |
Sirius XM Holdings, Inc. (a) | 929,040 | 2,619,893 | |
TechTarget, Inc. (b) | 14,429 | 436,044 | |
The Trade Desk, Inc. (b) | 104,993 | 9,741,251 | |
76,495,599 | |||
Wireless Telecommunication Services - 0.8% | |||
Gogo, Inc. (a)(b) | 37,160 | 393,339 | |
Millicom International Cellular SA (a)(b) | 48,142 | 1,198,736 | |
T-Mobile U.S., Inc. (a) | 265,247 | 46,407,615 | |
VEON Ltd. sponsored ADR (b) | 7,683 | 195,148 | |
Vodafone Group PLC sponsored ADR | 107,648 | 1,035,574 | |
49,230,412 | |||
TOTAL COMMUNICATION SERVICES | 946,603,057 | ||
CONSUMER DISCRETIONARY - 13.2% | |||
Automobile Components - 0.1% | |||
Dorman Products, Inc. (a)(b) | 8,449 | 777,055 | |
Fox Factory Holding Corp. (b) | 11,915 | 555,477 | |
Garrett Motion, Inc. (a)(b) | 90,235 | 819,334 | |
Gentex Corp. (a) | 55,526 | 1,943,410 | |
Gentherm, Inc. (b) | 10,228 | 551,698 | |
Mobileye Global, Inc. Class A (a)(b) | 17,985 | 461,495 | |
Patrick Industries, Inc. (a) | 7,536 | 863,626 | |
The Goodyear Tire & Rubber Co. (b) | 47,930 | 590,018 | |
Visteon Corp. (b) | 6,737 | 750,300 | |
XPEL, Inc. (a)(b) | 9,201 | 349,638 | |
7,662,051 | |||
Automobiles - 2.2% | |||
Cenntro, Inc. (a) | 88,816 | 161,645 | |
Gogoro, Inc. (a)(b) | 70,957 | 103,597 | |
Li Auto, Inc. ADR (a)(b) | 50,567 | 1,023,982 | |
Lucid Group, Inc. Class A (a)(b) | 563,925 | 1,601,547 | |
NWTN, Inc. (a)(b) | 76,408 | 250,618 | |
Rivian Automotive, Inc. (a)(b) | 231,074 | 2,523,328 | |
Tesla, Inc. (b) | 739,481 | 131,686,776 | |
VinFast Auto PTE Ltd. (a) | 546,568 | 2,672,718 | |
140,024,211 | |||
Broadline Retail - 7.6% | |||
Amazon.com, Inc. (b) | 2,405,687 | 424,459,414 | |
eBay, Inc. | 120,426 | 6,529,498 | |
Etsy, Inc. (b) | 31,077 | 1,972,457 | |
Global-e Online Ltd. (a)(b) | 37,344 | 1,165,880 | |
JD.com, Inc. sponsored ADR | 114,213 | 3,382,989 | |
MercadoLibre, Inc. (b) | 11,772 | 20,313,528 | |
Ollie's Bargain Outlet Holdings, Inc. (b) | 17,397 | 1,434,035 | |
Ozon Holdings PLC ADR (a)(b)(c) | 22,100 | 552,500 | |
PDD Holdings, Inc. ADR (b) | 155,313 | 23,262,781 | |
483,073,082 | |||
Distributors - 0.1% | |||
GigaCloud Technology, Inc. Class A (b) | 9,452 | 294,335 | |
LKQ Corp. | 52,200 | 2,246,166 | |
Pool Corp. | 8,614 | 3,131,620 | |
5,672,121 | |||
Diversified Consumer Services - 0.1% | |||
American Public Education, Inc. (b) | 17,515 | 304,761 | |
Duolingo, Inc. (b) | 8,609 | 1,647,763 | |
Frontdoor, Inc. (a)(b) | 19,717 | 697,390 | |
Grand Canyon Education, Inc. (b) | 8,946 | 1,274,447 | |
Laureate Education, Inc. | 39,322 | 615,783 | |
OneSpaWorld Holdings Ltd. (b) | 28,178 | 438,168 | |
Perdoceo Education Corp. | 35,751 | 804,398 | |
Strategic Education, Inc. | 7,149 | 810,840 | |
Udemy, Inc. (b) | 77,162 | 682,112 | |
7,275,662 | |||
Hotels, Restaurants & Leisure - 2.0% | |||
Airbnb, Inc. Class A (b) | 100,241 | 14,527,928 | |
Atour Lifestyle Holdings Ltd. ADR | 30,368 | 540,854 | |
Bloomin' Brands, Inc. (a) | 27,136 | 591,565 | |
Booking Holdings, Inc. (a) | 7,670 | 28,964,605 | |
Caesars Entertainment, Inc. (b) | 47,258 | 1,680,494 | |
Churchill Downs, Inc. | 18,882 | 2,445,219 | |
Cracker Barrel Old Country Store, Inc. (a) | 10,850 | 529,263 | |
Dave & Buster's Entertainment, Inc. (b) | 11,684 | 596,936 | |
Doordash, Inc. (b) | 86,202 | 9,491,702 | |
Draftkings Holdings, Inc. (b) | 109,990 | 3,863,949 | |
Expedia Group, Inc. (b) | 27,712 | 3,127,576 | |
First Watch Restaurant Group, Inc. (a)(b) | 27,762 | 546,356 | |
Golden Entertainment, Inc. | 11,529 | 348,983 | |
H World Group Ltd. ADR | 41,258 | 1,536,035 | |
Jack in the Box, Inc. (a) | 5,043 | 279,180 | |
Krispy Kreme, Inc. (a) | 57,435 | 600,770 | |
Kura Sushi U.S.A., Inc. Class A (a)(b) | 3,982 | 397,842 | |
Light & Wonder, Inc. Class A (a)(b) | 19,997 | 1,909,314 | |
MakeMyTrip Ltd. (a)(b) | 17,165 | 1,297,502 | |
Marriott International, Inc. Class A | 63,430 | 14,663,113 | |
Melco Crown Entertainment Ltd. sponsored ADR (b) | 70,862 | 555,558 | |
Monarch Casino & Resort, Inc. (a) | 6,743 | 451,579 | |
Papa John's International, Inc. (a) | 8,617 | 400,346 | |
Penn Entertainment, Inc. (b) | 39,012 | 682,710 | |
Playa Hotels & Resorts NV (a)(b) | 66,032 | 562,593 | |
Red Rock Resorts, Inc. | 16,157 | 828,046 | |
Sabre Corp. (a)(b) | 137,483 | 430,322 | |
Sportradar Holding AG (a)(b) | 63,368 | 645,720 | |
Starbucks Corp. | 258,679 | 20,751,229 | |
Target Hospitality Corp. (a)(b) | 22,526 | 255,895 | |
Texas Roadhouse, Inc. Class A | 12,379 | 2,137,482 | |
The Cheesecake Factory, Inc. (a) | 14,218 | 547,109 | |
Trip.com Group Ltd. ADR (b) | 79,235 | 4,081,395 | |
Wendy's Co. (a) | 59,479 | 1,037,909 | |
Wingstop, Inc. | 6,810 | 2,510,507 | |
Wynn Resorts Ltd. | 25,665 | 2,435,095 | |
126,252,681 | |||
Household Durables - 0.1% | |||
Cavco Industries, Inc. (b) | 2,692 | 961,582 | |
Helen of Troy Ltd. (a)(b) | 7,217 | 771,353 | |
LGI Homes, Inc. (b) | 8,345 | 801,120 | |
Newell Brands, Inc. (a) | 147,060 | 1,135,303 | |
Sonos, Inc. (a)(b) | 33,563 | 530,295 | |
4,199,653 | |||
Leisure Products - 0.1% | |||
BRP, Inc. (a) | 6,412 | 400,750 | |
Hasbro, Inc. | 29,272 | 1,749,880 | |
Mattel, Inc. (a)(b) | 89,356 | 1,589,643 | |
Peloton Interactive, Inc. Class A (a)(b) | 110,004 | 400,415 | |
4,140,688 | |||
Specialty Retail - 0.7% | |||
Academy Sports & Outdoors, Inc. | 20,724 | 1,195,568 | |
Five Below, Inc. (b) | 12,649 | 1,747,206 | |
Monro, Inc. (a) | 10,046 | 237,588 | |
National Vision Holdings, Inc. (b) | 53,679 | 810,016 | |
Newegg Commerce, Inc. (a)(b) | 239,509 | 211,031 | |
O'Reilly Automotive, Inc. (b) | 13,554 | 13,056,026 | |
Ross Stores, Inc. | 71,878 | 10,045,669 | |
Shoe Carnival, Inc. | 14,032 | 529,708 | |
Stitch Fix, Inc. (a)(b) | 208,518 | 515,039 | |
The ODP Corp. (b) | 18,056 | 707,073 | |
The RealReal, Inc. (a)(b) | 68,509 | 295,274 | |
Tractor Supply Co. (a) | 24,886 | 7,099,727 | |
Ulta Beauty, Inc. (b) | 11,598 | 4,582,254 | |
Upbound Group, Inc. (a) | 23,385 | 767,496 | |
Urban Outfitters, Inc. (b) | 25,236 | 1,052,594 | |
Winmark Corp. | 1,659 | 590,438 | |
43,442,707 | |||
Textiles, Apparel & Luxury Goods - 0.2% | |||
Columbia Sportswear Co. (a) | 13,920 | 1,191,830 | |
Crocs, Inc. (a)(b) | 14,677 | 2,284,328 | |
G-III Apparel Group Ltd. (a)(b) | 12,658 | 380,499 | |
lululemon athletica, Inc. (b) | 27,481 | 8,573,797 | |
Steven Madden Ltd. (a) | 20,003 | 889,133 | |
13,319,587 | |||
TOTAL CONSUMER DISCRETIONARY | 835,062,443 | ||
CONSUMER STAPLES - 3.8% | |||
Beverages - 1.5% | |||
Celsius Holdings, Inc. (b) | 55,622 | 4,448,648 | |
Coca-Cola Consolidated, Inc. | 2,177 | 2,135,724 | |
Coca-Cola Europacific Partners PLC (a) | 108,226 | 7,977,338 | |
Keurig Dr. Pepper, Inc. | 324,178 | 11,103,097 | |
MGP Ingredients, Inc. (a) | 6,955 | 539,847 | |
Monster Beverage Corp. (b) | 241,921 | 12,560,538 | |
National Beverage Corp. (b) | 25,276 | 1,167,751 | |
PepsiCo, Inc. | 310,234 | 53,639,459 | |
The Vita Coco Co., Inc. (a)(b) | 23,575 | 686,268 | |
94,258,670 | |||
Consumer Staples Distribution & Retail - 1.6% | |||
Andersons, Inc. (a) | 11,529 | 603,428 | |
Casey's General Stores, Inc. (a) | 8,507 | 2,822,452 | |
Chefs' Warehouse Holdings (a)(b) | 14,818 | 584,126 | |
Costco Wholesale Corp. | 101,612 | 82,294,543 | |
Dollar Tree, Inc. (b) | 54,259 | 6,399,849 | |
Grocery Outlet Holding Corp. (b) | 27,695 | 609,013 | |
Ingles Markets, Inc. Class A | 5,533 | 404,684 | |
Maplebear, Inc. (NASDAQ) | 75,798 | 2,310,323 | |
PriceSmart, Inc. | 8,882 | 747,420 | |
Sprouts Farmers Market LLC (a)(b) | 25,327 | 2,000,326 | |
Walgreens Boots Alliance, Inc. (a) | 201,938 | 3,275,434 | |
102,051,598 | |||
Food Products - 0.7% | |||
Bridgford Foods Corp. (a)(b) | 2,867 | 28,957 | |
Cal-Maine Foods, Inc. (a) | 13,668 | 842,906 | |
Freshpet, Inc. (b) | 12,472 | 1,635,952 | |
J&J Snack Foods Corp. (a) | 5,169 | 841,048 | |
John B. Sanfilippo & Son, Inc. | 3,836 | 386,784 | |
Lancaster Colony Corp. (a) | 6,551 | 1,215,211 | |
Mission Produce, Inc. (a)(b) | 36,526 | 432,833 | |
Mondelez International, Inc. | 311,152 | 21,323,247 | |
Pilgrim's Pride Corp. (b) | 61,728 | 2,217,887 | |
The Kraft Heinz Co. | 284,920 | 10,077,620 | |
The Simply Good Foods Co. (b) | 27,876 | 1,072,947 | |
Vital Farms, Inc. (b) | 23,115 | 956,499 | |
41,031,891 | |||
Household Products - 0.0% | |||
Central Garden & Pet Co. Class A (non-vtg.) | 17,474 | 652,654 | |
Reynolds Consumer Products, Inc. | 53,837 | 1,531,124 | |
WD-40 Co. (a) | 3,838 | 862,360 | |
3,046,138 | |||
Personal Care Products - 0.0% | |||
Inter Parfums, Inc. (a) | 8,917 | 1,068,078 | |
Oddity Tech Ltd. (a) | 13,035 | 468,087 | |
1,536,165 | |||
TOTAL CONSUMER STAPLES | 241,924,462 | ||
ENERGY - 0.6% | |||
Energy Equipment & Services - 0.2% | |||
Baker Hughes Co. Class A | 230,620 | 7,721,158 | |
Championx Corp. | 45,231 | 1,475,435 | |
Patterson-UTI Energy, Inc. | 96,577 | 1,064,279 | |
ProFrac Holding Corp. Class A (a)(b) | 46,315 | 445,550 | |
Smart Sand, Inc. (b) | 107,208 | 241,218 | |
Weatherford International PLC (a)(b) | 18,166 | 2,186,096 | |
13,133,736 | |||
Oil, Gas & Consumable Fuels - 0.4% | |||
Alliance Resource Partners LP | 39,737 | 979,120 | |
Amplify Energy Corp. warrants 5/4/22 (b)(c) | 322 | 0 | |
APA Corp. | 85,845 | 2,620,848 | |
Chesapeake Energy Corp. (a) | 31,123 | 2,830,014 | |
Chord Energy Corp. | 9,200 | 1,705,772 | |
Diamondback Energy, Inc. | 40,745 | 8,118,849 | |
Golar LNG Ltd. | 33,961 | 892,835 | |
Green Plains, Inc. (a)(b) | 19,798 | 339,932 | |
HighPeak Energy, Inc. (a) | 23,666 | 373,449 | |
New Fortress Energy, Inc. Class A (a) | 52,438 | 1,329,303 | |
Nextdecade Corp. (a)(b) | 81,117 | 580,798 | |
Plains All American Pipeline LP | 173,633 | 2,953,497 | |
Plains GP Holdings LP Class A | 56,607 | 1,019,492 | |
TORM PLC (a) | 27,580 | 1,021,839 | |
Viper Energy, Inc. | 23,781 | 914,617 | |
25,680,365 | |||
TOTAL ENERGY | 38,814,101 | ||
FINANCIALS - 3.8% | |||
Banks - 1.2% | |||
Ameris Bancorp | 20,490 | 1,023,476 | |
BancFirst Corp. | 9,709 | 836,430 | |
Bancorp, Inc., Delaware (a)(b) | 19,409 | 651,948 | |
Bank of Marin Bancorp | 8,219 | 126,408 | |
Bank OZK (a) | 22,071 | 924,333 | |
Banner Corp. | 11,921 | 558,260 | |
BCB Bancorp, Inc. | 30,452 | 304,520 | |
BOK Financial Corp. (a) | 17,905 | 1,622,551 | |
Broadway Financial Corp. (b) | 15,833 | 76,790 | |
Business First Bancshares, Inc. | 8,526 | 182,883 | |
Carver Bancorp, Inc. (b) | 35,798 | 69,090 | |
Cathay General Bancorp (a) | 21,756 | 801,491 | |
City Holding Co. (a) | 5,594 | 571,819 | |
Columbia Banking Systems, Inc. (a) | 68,298 | 1,316,785 | |
Columbia Financial, Inc. (a)(b) | 40,936 | 593,572 | |
Commerce Bancshares, Inc. (a) | 33,666 | 1,873,176 | |
CVB Financial Corp. (a) | 43,944 | 726,834 | |
Dime Community Bancshares, Inc. | 17,330 | 320,085 | |
East West Bancorp, Inc. (a) | 31,482 | 2,335,650 | |
Eastern Bankshares, Inc. (a) | 53,731 | 736,115 | |
Enterprise Bancorp, Inc. | 10,414 | 261,912 | |
Enterprise Financial Services Corp. | 13,435 | 519,800 | |
Fifth Third Bancorp | 148,760 | 5,566,599 | |
First Bancorp, North Carolina (a) | 18,723 | 590,711 | |
First Busey Corp. | 19,217 | 434,496 | |
First Citizens Bancshares, Inc. | 3,148 | 5,346,658 | |
First Financial Bancorp, Ohio | 28,217 | 629,239 | |
First Financial Bankshares, Inc. (a) | 37,272 | 1,117,415 | |
First Hawaiian, Inc. (a) | 37,933 | 771,178 | |
First Internet Bancorp | 19,649 | 578,860 | |
First Interstate Bancsystem, Inc. (a) | 30,836 | 818,387 | |
First Merchants Corp. (a) | 17,485 | 577,879 | |
Flushing Financial Corp. (a) | 14,139 | 179,848 | |
Fulton Financial Corp. | 45,147 | 760,275 | |
German American Bancorp, Inc. (a) | 15,476 | 489,815 | |
Grupo Financiero Galicia SA sponsored ADR Class B, (a) | 14,973 | 536,782 | |
Hancock Whitney Corp. | 24,104 | 1,126,380 | |
Hanmi Financial Corp. | 18,672 | 294,271 | |
Heartland Financial U.S.A., Inc. | 27,359 | 1,202,702 | |
Hope Bancorp, Inc. | 57,194 | 602,253 | |
Horizon Bancorp, Inc. Indiana | 21,977 | 268,559 | |
Huntington Bancshares, Inc. | 255,029 | 3,550,004 | |
Independent Bank Corp. | 12,343 | 626,901 | |
Independent Bank Group, Inc. | 30,574 | 1,407,627 | |
Inter & Co., Inc. Class A | 71,085 | 432,197 | |
International Bancshares Corp. (a) | 17,916 | 1,018,166 | |
Investar Holding Corp. | 19,245 | 305,033 | |
Lakeland Financial Corp. (a) | 8,795 | 545,554 | |
NBT Bancorp, Inc. (a) | 12,379 | 460,251 | |
Northwest Bancshares, Inc. (a) | 45,490 | 498,116 | |
OceanFirst Financial Corp. | 29,812 | 448,671 | |
Old National Bancorp, Indiana (a) | 63,226 | 1,080,532 | |
Pacific Premier Bancorp, Inc. (a) | 31,853 | 708,411 | |
Pathward Financial, Inc. | 9,636 | 513,695 | |
Peoples Bancorp, Inc. | 10,499 | 306,046 | |
Pinnacle Financial Partners, Inc. (a) | 15,272 | 1,214,277 | |
Popular, Inc. | 14,365 | 1,278,629 | |
Preferred Bank, Los Angeles (a) | 6,749 | 504,285 | |
Premier Financial Corp. | 17,779 | 350,424 | |
Republic Bancorp, Inc., Kentucky Class A | 11,819 | 612,106 | |
S&T Bancorp, Inc. (a) | 11,788 | 376,155 | |
Seacoast Banking Corp., Florida (a) | 25,415 | 601,573 | |
Simmons First National Corp. Class A | 33,708 | 585,845 | |
Stock Yards Bancorp, Inc. (a) | 10,197 | 477,729 | |
Texas Capital Bancshares, Inc. (b) | 14,312 | 862,727 | |
TFS Financial Corp. (a) | 86,059 | 1,134,258 | |
TowneBank | 21,575 | 586,624 | |
Trico Bancshares | 12,321 | 469,184 | |
Triumph Bancorp, Inc. (a)(b) | 10,803 | 802,663 | |
Trustmark Corp. (a) | 21,104 | 615,182 | |
UMB Financial Corp. (a) | 13,097 | 1,079,717 | |
United Bankshares, Inc., West Virginia | 35,831 | 1,162,358 | |
United Community Bank, Inc. | 26,221 | 672,831 | |
Valley National Bancorp | 135,151 | 963,627 | |
Veritex Holdings, Inc. | 51,043 | 1,041,277 | |
WaFd, Inc. | 21,593 | 604,820 | |
Washington Trust Bancorp, Inc. (a) | 12,112 | 317,940 | |
WesBanco, Inc. (a) | 20,824 | 574,742 | |
Westamerica Bancorp. (a) | 9,734 | 475,214 | |
Wintrust Financial Corp. | 15,537 | 1,532,104 | |
WSFS Financial Corp. (a) | 18,884 | 832,029 | |
Zions Bancorporation NA (a) | 30,437 | 1,314,574 | |
71,270,333 | |||
Capital Markets - 1.3% | |||
B. Riley Financial, Inc. (a) | 10,574 | 253,353 | |
BGC Group, Inc. Class A | 67,676 | 586,751 | |
Carlyle Group LP (a) | 82,152 | 3,529,250 | |
CME Group, Inc. | 83,545 | 16,957,964 | |
Coinbase Global, Inc. (b) | 45,808 | 10,348,943 | |
Freedom Holding Corp. (a)(b) | 20,992 | 1,600,430 | |
Futu Holdings Ltd. ADR (b) | 19,717 | 1,481,535 | |
Greenpro Capital Corp. (a)(b) | 70,480 | 74,709 | |
Hamilton Lane, Inc. Class A | 11,862 | 1,488,562 | |
Interactive Brokers Group, Inc. (a) | 23,943 | 3,010,114 | |
LPL Financial | 17,492 | 5,006,385 | |
Marex Group PLC (a) | 16,409 | 331,790 | |
MarketAxess Holdings, Inc. | 9,152 | 1,820,607 | |
Morningstar, Inc. (a) | 10,503 | 3,027,490 | |
NASDAQ, Inc. | 133,025 | 7,852,466 | |
Northern Trust Corp. (a) | 42,730 | 3,599,575 | |
Perella Weinberg Partners Class A (a) | 32,774 | 506,031 | |
Robinhood Markets, Inc. (b) | 183,909 | 3,843,698 | |
SEI Investments Co. | 32,024 | 2,168,345 | |
StepStone Group, Inc. Class A | 30,574 | 1,312,848 | |
StoneX Group, Inc. (b) | 10,546 | 791,688 | |
T. Rowe Price Group, Inc. (a) | 52,995 | 6,244,401 | |
TPG, Inc. (a) | 21,611 | 905,933 | |
Tradeweb Markets, Inc. Class A (a) | 27,607 | 3,009,439 | |
Victory Capital Holdings, Inc. (a) | 24,864 | 1,293,674 | |
Virtu Financial, Inc. Class A | 31,851 | 700,722 | |
XP, Inc. Class A (a) | 98,736 | 1,874,997 | |
83,621,700 | |||
Consumer Finance - 0.2% | |||
Credit Acceptance Corp. (a)(b) | 3,220 | 1,580,473 | |
Encore Capital Group, Inc. (a)(b) | 7,126 | 315,254 | |
FirstCash Holdings, Inc. | 12,063 | 1,422,469 | |
Kaspi.KZ JSC ADR | 43,197 | 5,460,101 | |
LendingTree, Inc. (b) | 9,449 | 406,213 | |
Navient Corp. (a) | 35,865 | 540,486 | |
Qifu Technology, Inc. ADR | 35,883 | 693,260 | |
SLM Corp. (a) | 57,737 | 1,239,036 | |
SoFi Technologies, Inc. (a)(b) | 223,769 | 1,544,006 | |
Upstart Holdings, Inc. (a)(b) | 22,414 | 554,074 | |
13,755,372 | |||
Financial Services - 0.5% | |||
Affirm Holdings, Inc. Class A, (a)(b) | 55,180 | 1,615,119 | |
AvidXchange Holdings, Inc. (a)(b) | 86,711 | 918,269 | |
DigiAsia Corp. (a)(b) | 17,575 | 146,927 | |
Dlocal Ltd. (b) | 54,478 | 498,474 | |
Enact Holdings, Inc. (a) | 43,857 | 1,346,848 | |
Euronet Worldwide, Inc. (b) | 13,483 | 1,571,848 | |
Flywire Corp. (a)(b) | 21,388 | 366,804 | |
Focus Impact BH3 Acquisition Co. (b) | 15,933 | 168,252 | |
Jack Henry & Associates, Inc. | 17,730 | 2,919,776 | |
Marblegate Acquisition Corp. (b) | 17,429 | 187,362 | |
Marqeta, Inc. Class A (b) | 198,255 | 1,054,717 | |
Merchants Bancorp | 17,751 | 710,928 | |
Mr. Cooper Group, Inc. (b) | 14,197 | 1,184,030 | |
NMI Holdings, Inc. Class A (b) | 20,478 | 679,460 | |
Nuvei Corp. (d) | 13,585 | 437,437 | |
Payoneer Global, Inc. (a)(b) | 119,620 | 716,524 | |
PayPal Holdings, Inc. (b) | 252,071 | 15,877,952 | |
Remitly Global, Inc. (b) | 56,063 | 728,539 | |
StoneCo Ltd. Class A (b) | 80,765 | 1,117,788 | |
32,247,054 | |||
Insurance - 0.6% | |||
Amerisafe, Inc. | 10,398 | 455,744 | |
Arch Capital Group Ltd. (b) | 88,969 | 9,130,888 | |
Brighthouse Financial, Inc. (b) | 31,854 | 1,417,822 | |
Cincinnati Financial Corp. | 30,913 | 3,634,751 | |
Enstar Group Ltd. (a)(b) | 4,443 | 1,391,281 | |
Erie Indemnity Co. Class A | 11,365 | 4,119,017 | |
Goosehead Insurance (a)(b) | 11,839 | 763,616 | |
Oxbridge Re Holdings Ltd. (a)(b) | 86,229 | 189,704 | |
Palomar Holdings, Inc. (b) | 5,181 | 439,556 | |
Principal Financial Group, Inc. | 50,679 | 4,157,705 | |
Safety Insurance Group, Inc. | 5,273 | 407,867 | |
Selective Insurance Group, Inc. | 15,942 | 1,556,099 | |
Skyward Specialty Insurance Group, Inc. (b) | 21,450 | 800,514 | |
The Baldwin Insurance Group, Inc. Class A, (a)(b) | 21,797 | 734,123 | |
Willis Towers Watson PLC | 23,748 | 6,062,627 | |
35,261,314 | |||
Mortgage Real Estate Investment Trusts - 0.0% | |||
AGNC Investment Corp. (a) | 137,503 | 1,318,654 | |
New York Mortgage Trust, Inc. | 60,723 | 361,302 | |
1,679,956 | |||
TOTAL FINANCIALS | 237,835,729 | ||
HEALTH CARE - 6.7% | |||
Biotechnology - 3.8% | |||
4D Molecular Therapeutics, Inc. (a)(b) | 24,776 | 593,881 | |
ACADIA Pharmaceuticals, Inc. (b) | 56,563 | 854,101 | |
ADMA Biologics, Inc. (b) | 104,361 | 996,648 | |
Agios Pharmaceuticals, Inc. (a)(b) | 31,295 | 1,137,260 | |
Aileron Therapeutics, Inc. (a)(b) | 40,510 | 129,632 | |
Akero Therapeutics, Inc. (b) | 12,246 | 230,470 | |
Alkermes PLC (a)(b) | 44,277 | 1,036,082 | |
Allakos, Inc. (b) | 148,593 | 185,741 | |
Alnylam Pharmaceuticals, Inc. (a)(b) | 31,316 | 4,648,234 | |
Alvotech SA (a)(b) | 20,523 | 284,859 | |
Amgen, Inc. | 122,024 | 37,321,040 | |
Amicus Therapeutics, Inc. (b) | 72,007 | 705,669 | |
Apellis Pharmaceuticals, Inc. (a)(b) | 29,987 | 1,176,990 | |
Apogee Therapeutics, Inc. (a) | 11,460 | 523,034 | |
Applied Genetic Technologies Corp. (b)(c) | 14,225 | 0 | |
Aptorum Group Ltd. Class A, (a)(b) | 37,078 | 184,648 | |
Arcellx, Inc. (a)(b) | 15,572 | 809,744 | |
Ardelyx, Inc. (a)(b) | 83,378 | 571,973 | |
Argenx SE ADR (b) | 7,188 | 2,666,892 | |
Arrowhead Pharmaceuticals, Inc. (a)(b) | 26,271 | 602,919 | |
Ascendis Pharma A/S sponsored ADR (b) | 14,284 | 1,929,768 | |
Avidity Biosciences, Inc. (b) | 28,348 | 761,427 | |
Beam Therapeutics, Inc. (a)(b) | 34,938 | 832,223 | |
BeiGene Ltd. ADR (a)(b) | 11,760 | 1,750,476 | |
Biogen, Inc. (b) | 34,150 | 7,681,701 | |
BioMarin Pharmaceutical, Inc. (b) | 44,763 | 3,360,358 | |
BioNTech SE ADR (b) | 26,253 | 2,641,052 | |
Blueprint Medicines Corp. (a)(b) | 16,801 | 1,773,514 | |
BridgeBio Pharma, Inc. (a)(b) | 51,026 | 1,429,238 | |
Carisma Therapeutics, Inc. rights (b)(c) | 449,253 | 4 | |
Catalyst Pharmaceutical Partners, Inc. (a)(b) | 20,223 | 327,006 | |
Celldex Therapeutics, Inc. (b) | 19,051 | 634,398 | |
Cerevel Therapeutics Holdings (b) | 42,353 | 1,725,461 | |
CG Oncology, Inc. (a) | 12,783 | 416,470 | |
Clementia Pharmaceuticals, Inc. rights (b)(c) | 20,215 | 0 | |
Crinetics Pharmaceuticals, Inc. (a)(b) | 22,918 | 1,017,788 | |
CRISPR Therapeutics AG (a)(b) | 20,497 | 1,101,509 | |
Cullinan Oncology, Inc. (b) | 16,337 | 383,920 | |
CureVac NV (a)(b) | 74,138 | 288,397 | |
Cyclerion Therapeutics, Inc. (a)(b) | 14,015 | 37,420 | |
Cytokinetics, Inc. (a)(b) | 26,824 | 1,301,232 | |
Day One Biopharmaceuticals, Inc. (a)(b) | 43,554 | 577,962 | |
Deciphera Pharmaceuticals, Inc. (b) | 35,090 | 896,199 | |
Denali Therapeutics, Inc. (b) | 35,281 | 654,815 | |
Design Therapeutics, Inc. (a)(b) | 54,707 | 221,563 | |
Dynavax Technologies Corp. (a)(b) | 38,742 | 464,517 | |
Dyne Therapeutics, Inc. (b) | 27,145 | 865,383 | |
Entrada Therapeutics, Inc. (a)(b) | 23,559 | 364,458 | |
Exact Sciences Corp. (a)(b) | 43,699 | 1,986,120 | |
Exelixis, Inc. (a)(b) | 72,305 | 1,568,295 | |
Forte Biosciences, Inc. (b) | 125,432 | 74,482 | |
Fusion Pharmaceuticals, Inc. (b) | 21,466 | 461,948 | |
Galectin Therapeutics, Inc. (a)(b) | 75,525 | 205,428 | |
Genmab A/S ADR (b) | 16,143 | 455,233 | |
Geron Corp. (a)(b) | 199,532 | 708,339 | |
Gilead Sciences, Inc. | 288,527 | 18,543,630 | |
Halozyme Therapeutics, Inc. (a)(b) | 29,388 | 1,301,595 | |
HilleVax, Inc. (a)(b) | 24,650 | 299,251 | |
Ideaya Biosciences, Inc. (a)(b) | 26,466 | 967,332 | |
Immatics NV (a)(b) | 41,367 | 456,278 | |
ImmunityBio, Inc. (a)(b) | 163,385 | 1,048,932 | |
Immunocore Holdings PLC ADR (b) | 6,662 | 326,305 | |
Immunovant, Inc. (a)(b) | 38,833 | 985,970 | |
Incyte Corp. (b) | 53,200 | 3,074,428 | |
Inhibrx Biosciences, Inc. | 231 | 3,754 | |
Inmune Bio, Inc. (a)(b) | 38,321 | 362,133 | |
Insmed, Inc. (a)(b) | 42,616 | 2,346,011 | |
Intellia Therapeutics, Inc. (a)(b) | 27,769 | 593,701 | |
Ionis Pharmaceuticals, Inc. (a)(b) | 37,889 | 1,423,490 | |
Iovance Biotherapeutics, Inc. (a)(b) | 80,353 | 713,535 | |
Ironwood Pharmaceuticals, Inc. Class A (b) | 52,472 | 330,574 | |
Janux Therapeutics, Inc. (b) | 13,320 | 712,620 | |
Keros Therapeutics, Inc. (b) | 16,053 | 752,404 | |
Kinnate Biopharma, Inc. rights (b)(c) | 50,749 | 1 | |
Krystal Biotech, Inc. (a)(b) | 8,177 | 1,308,729 | |
Kura Oncology, Inc. (b) | 39,835 | 820,999 | |
Kymera Therapeutics, Inc. (a)(b) | 23,093 | 741,516 | |
Legend Biotech Corp. ADR (b) | 20,220 | 809,002 | |
Lyell Immunopharma, Inc. (a)(b) | 202,721 | 561,537 | |
Madrigal Pharmaceuticals, Inc. (a)(b) | 6,318 | 1,492,059 | |
MannKind Corp. (a)(b) | 110,887 | 517,842 | |
Merus BV (a)(b) | 19,953 | 1,062,298 | |
Mirati Therapeutics, Inc. rights (b)(c) | 1,147 | 0 | |
Mirum Pharmaceuticals, Inc. (a)(b) | 31,037 | 745,819 | |
Moderna, Inc. (b) | 90,023 | 12,832,779 | |
Monte Rosa Therapeutics, Inc. (a)(b) | 37,849 | 155,938 | |
Moonlake Immunotherapeutics Class A (a)(b) | 18,693 | 760,057 | |
Morphic Holding, Inc. (a)(b) | 16,767 | 509,214 | |
Myriad Genetics, Inc. (b) | 26,838 | 610,833 | |
Natera, Inc. (b) | 26,217 | 2,792,897 | |
Neurocrine Biosciences, Inc. (b) | 23,647 | 3,202,040 | |
NewAmsterdam Pharma Co. NV (b) | 17,927 | 336,131 | |
Nuvalent, Inc. Class A (a)(b) | 14,829 | 973,079 | |
Omniab, Inc. (b)(c) | 2,320 | 9,674 | |
Omniab, Inc. (b)(c) | 2,320 | 9,048 | |
Protagonist Therapeutics, Inc. (b) | 33,073 | 931,005 | |
Prothena Corp. PLC (a)(b) | 15,136 | 314,980 | |
PTC Therapeutics, Inc. (b) | 19,833 | 721,128 | |
Recursion Pharmaceuticals, Inc. Class A (a)(b) | 68,084 | 563,736 | |
Regeneron Pharmaceuticals, Inc. (b) | 24,957 | 24,461,853 | |
Repligen Corp. (a)(b) | 11,777 | 1,755,833 | |
Revolution Medicines, Inc. (b) | 36,276 | 1,390,459 | |
Rhythm Pharmaceuticals, Inc. (a)(b) | 21,016 | 749,851 | |
Rocket Pharmaceuticals, Inc. (a)(b) | 29,299 | 624,655 | |
Roivant Sciences Ltd. (a)(b) | 197,796 | 2,049,167 | |
Sana Biotechnology, Inc. (a)(b) | 78,899 | 591,743 | |
Sarepta Therapeutics, Inc. (a)(b) | 23,058 | 2,994,312 | |
Savara, Inc. (a)(b) | 178,294 | 729,222 | |
Scholar Rock Holding Corp. (a)(b) | 33,257 | 312,283 | |
Soleno Therapeutics, Inc. (a)(b) | 9,989 | 420,337 | |
SpringWorks Therapeutics, Inc. (a)(b) | 23,481 | 973,522 | |
Spyre Therapeutics, Inc. (a)(b) | 12,353 | 431,737 | |
Summit Therapeutics, Inc. (a)(b) | 220,251 | 1,912,880 | |
Syndax Pharmaceuticals, Inc. (a)(b) | 51,432 | 991,095 | |
Tango Therapeutics, Inc. (a)(b) | 53,201 | 368,151 | |
TG Therapeutics, Inc. (b) | 49,248 | 802,742 | |
Tiziana Life Sciences Ltd. (a)(b) | 162,041 | 162,025 | |
Tobira Therapeutics, Inc. rights (b)(c) | 1,750 | 0 | |
Twist Bioscience Corp. (a)(b) | 19,866 | 832,385 | |
Tyra Biosciences, Inc. (b) | 20,837 | 337,976 | |
Ultragenyx Pharmaceutical, Inc. (b) | 31,186 | 1,251,806 | |
United Therapeutics Corp. (b) | 10,781 | 2,966,177 | |
Vaxart, Inc. (a)(b) | 321,977 | 262,411 | |
Vaxcyte, Inc. (a)(b) | 25,118 | 1,765,042 | |
Vera Therapeutics, Inc. (b) | 14,381 | 546,334 | |
Veracyte, Inc. (a)(b) | 19,147 | 397,300 | |
Vericel Corp. (a)(b) | 17,917 | 854,641 | |
Vertex Pharmaceuticals, Inc. (b) | 58,810 | 26,778,545 | |
Viking Therapeutics, Inc. (a)(b) | 26,264 | 1,635,197 | |
Vir Biotechnology, Inc. (b) | 67,100 | 689,117 | |
Xencor, Inc. (a)(b) | 24,967 | 593,216 | |
Xenon Pharmaceuticals, Inc. (a)(b) | 19,778 | 752,948 | |
241,967,167 | |||
Health Care Equipment & Supplies - 1.6% | |||
Abiomed, Inc. (b)(c) | 10,350 | 20,286 | |
Align Technology, Inc. (b) | 17,669 | 4,544,643 | |
Alphatec Holdings, Inc. (a)(b) | 61,293 | 595,155 | |
Atricure, Inc. (a)(b) | 13,643 | 307,513 | |
Axonics, Inc. (b) | 13,941 | 935,302 | |
Bioventus, Inc. (b) | 58,636 | 392,275 | |
Cerus Corp. (a)(b) | 175,503 | 314,150 | |
Cue Health, Inc. (a)(b) | 218,150 | 14,747 | |
Dentsply Sirona, Inc. (a) | 58,588 | 1,641,050 | |
DexCom, Inc. (b) | 88,450 | 10,505,207 | |
Establishment Labs Holdings, Inc. (a)(b) | 9,113 | 475,972 | |
GE Healthcare Technologies, Inc. | 104,472 | 8,148,816 | |
Hologic, Inc. (b) | 49,900 | 3,681,622 | |
ICU Medical, Inc. (b) | 5,811 | 617,942 | |
IDEXX Laboratories, Inc. (b) | 18,934 | 9,409,251 | |
Inari Medical, Inc. (a)(b) | 14,977 | 748,850 | |
InMode Ltd. (b) | 20,699 | 395,972 | |
Insulet Corp. (b) | 16,634 | 2,947,378 | |
Integra LifeSciences Holdings Corp. (b) | 22,308 | 689,317 | |
Intuitive Surgical, Inc. (b) | 80,722 | 32,459,931 | |
iRhythm Technologies, Inc. (b) | 7,079 | 624,439 | |
Lantheus Holdings, Inc. (a)(b) | 15,487 | 1,267,301 | |
LeMaitre Vascular, Inc. | 7,976 | 629,147 | |
LivaNova PLC (b) | 15,376 | 939,012 | |
Masimo Corp. (a)(b) | 14,583 | 1,815,584 | |
Merit Medical Systems, Inc. (b) | 14,505 | 1,177,081 | |
Neogen Corp. (a)(b) | 80,530 | 1,058,970 | |
Novocure Ltd. (a)(b) | 25,338 | 557,689 | |
Omnicell, Inc. (b) | 7,472 | 243,512 | |
PROCEPT BioRobotics Corp. (a)(b) | 17,896 | 1,188,294 | |
QuidelOrtho Corp. (b) | 16,571 | 732,272 | |
RxSight, Inc. (b) | 13,094 | 765,606 | |
Shockwave Medical, Inc. (b) | 7,962 | 2,667,270 | |
Staar Surgical Co. (a)(b) | 8,915 | 370,240 | |
Tandem Diabetes Care, Inc. (a)(b) | 21,882 | 1,121,015 | |
The Cooper Companies, Inc. | 46,200 | 4,357,122 | |
TransMedics Group, Inc. (a)(b) | 7,968 | 1,086,835 | |
UFP Technologies, Inc. (b) | 2,837 | 738,641 | |
100,185,409 | |||
Health Care Providers & Services - 0.4% | |||
23andMe Holding Co. Class A (a)(b) | 685,924 | 373,966 | |
Acadia Healthcare Co., Inc. (b) | 23,463 | 1,616,366 | |
AdaptHealth Corp. (b) | 48,678 | 461,467 | |
Addus HomeCare Corp. (b) | 6,003 | 689,204 | |
AirSculpt Technologies, Inc. (a)(b) | 31,617 | 129,946 | |
Alignment Healthcare, Inc. (b) | 57,878 | 456,079 | |
Amedisys, Inc. (b) | 8,555 | 779,788 | |
Astrana Health, Inc. (a)(b) | 17,620 | 729,997 | |
Aveanna Healthcare Holdings, Inc. (a)(b) | 83,016 | 216,672 | |
BrightSpring Health Services, Inc. (a) | 39,665 | 446,231 | |
Corvel Corp. (b) | 5,029 | 1,206,206 | |
Fulgent Genetics, Inc. (b) | 13,444 | 277,619 | |
Guardant Health, Inc. (a)(b) | 30,199 | 818,393 | |
HealthEquity, Inc. (a)(b) | 20,530 | 1,676,890 | |
Henry Schein, Inc. (b) | 31,551 | 2,187,746 | |
LifeStance Health Group, Inc. (a)(b) | 110,812 | 617,223 | |
National Research Corp. Class A (a) | 8,469 | 237,810 | |
NeoGenomics, Inc. (a)(b) | 38,516 | 528,054 | |
Option Care Health, Inc. (b) | 35,797 | 1,067,467 | |
P3 Health Partners, Inc. Class A (a)(b) | 117,789 | 59,130 | |
Patterson Companies, Inc. (a) | 27,951 | 687,315 | |
Premier, Inc. Class A (a) | 33,457 | 633,006 | |
Privia Health Group, Inc. (a)(b) | 33,399 | 580,141 | |
Progyny, Inc. (a)(b) | 24,360 | 656,502 | |
R1 RCM, Inc. (b) | 94,619 | 1,216,800 | |
RadNet, Inc. (b) | 18,959 | 1,111,756 | |
Surgery Partners, Inc. (a)(b) | 22,124 | 610,622 | |
The Ensign Group, Inc. (a) | 13,951 | 1,691,419 | |
21,763,815 | |||
Health Care Technology - 0.0% | |||
Certara, Inc. (a)(b) | 44,314 | 751,122 | |
Schrodinger, Inc. (a)(b) | 22,134 | 476,324 | |
Simulations Plus, Inc. (a) | 9,700 | 467,928 | |
SOPHiA GENETICS SA (a)(b) | 31,864 | 159,001 | |
1,854,375 | |||
Life Sciences Tools & Services - 0.3% | |||
10X Genomics, Inc. (a)(b) | 44,175 | 990,404 | |
AbCellera Biologics, Inc. (a)(b) | 90,891 | 356,293 | |
Azenta, Inc. (b) | 14,279 | 721,232 | |
Bio-Techne Corp. (a) | 34,688 | 2,677,567 | |
Bruker Corp. (a) | 34,188 | 2,239,656 | |
Fortrea Holdings, Inc. (a) | 20,620 | 523,542 | |
ICON PLC (a)(b) | 18,341 | 5,957,524 | |
Illumina, Inc. (b) | 36,838 | 3,841,467 | |
Maravai LifeSciences Holdings, Inc. Class A (b) | 36,194 | 313,802 | |
Medpace Holdings, Inc. (b) | 6,606 | 2,552,162 | |
OmniAb, Inc. (a)(b) | 62,508 | 271,285 | |
Sotera Health Co. (a)(b) | 99,080 | 1,107,714 | |
21,552,648 | |||
Pharmaceuticals - 0.6% | |||
Aclaris Therapeutics, Inc. (b) | 187,861 | 193,497 | |
Amneal Intermediate, Inc. Class A, (b) | 88,135 | 588,742 | |
Amphastar Pharmaceuticals, Inc. (b) | 17,103 | 723,970 | |
ANI Pharmaceuticals, Inc. (b) | 8,409 | 545,744 | |
Arvinas Holding Co. LLC (a)(b) | 24,612 | 815,642 | |
AstraZeneca PLC sponsored ADR | 134,054 | 10,458,893 | |
Atea Pharmaceuticals, Inc. (b) | 110,852 | 406,827 | |
Avadel Pharmaceuticals PLC sponsored (b) | 37,926 | 604,920 | |
Axsome Therapeutics, Inc. (a)(b) | 13,053 | 958,482 | |
CinCor Pharma, Inc. rights (b)(c) | 12,042 | 0 | |
Clearmind Medicine, Inc. (a)(b) | 16,434 | 18,406 | |
Collegium Pharmaceutical, Inc. (a)(b) | 11,938 | 395,625 | |
Corcept Therapeutics, Inc. (a)(b) | 31,431 | 948,273 | |
Cronos Group, Inc. (b) | 226,417 | 586,420 | |
Dova Pharmaceuticals, Inc. rights (b)(c) | 7,729 | 0 | |
Edgewise Therapeutics, Inc. (b) | 33,765 | 578,394 | |
GH Research PLC (a)(b) | 36,710 | 517,244 | |
Harmony Biosciences Holdings, Inc. (a)(b) | 18,094 | 531,964 | |
Indivior PLC (b) | 32,410 | 593,751 | |
Innoviva, Inc. (a)(b) | 28,754 | 454,026 | |
Intra-Cellular Therapies, Inc. (a)(b) | 27,478 | 1,847,621 | |
Jazz Pharmaceuticals PLC (a)(b) | 15,643 | 1,646,426 | |
Ligand Pharmaceuticals, Inc.: | |||
Class B (a)(b) | 6,576 | 559,289 | |
General CVR (b) | 1,530 | 8 | |
Glucagon CVR (b) | 1,530 | 14 | |
rights (b) | 1,530 | 5 | |
TR Beta CVR (b) | 1,530 | 199 | |
Liquidia Corp. (a)(b) | 47,253 | 608,146 | |
Neumora Therapeutics, Inc. (a) | 43,324 | 428,908 | |
Pacira Biosciences, Inc. (a)(b) | 15,381 | 466,506 | |
Royalty Pharma PLC | 102,833 | 2,818,653 | |
Sanofi SA: | |||
rights (b)(c) | 925 | 0 | |
sponsored ADR | 67,614 | 3,315,114 | |
Satsuma Pharmaceuticals, Inc. rights (b)(c) | 218,164 | 2 | |
Scilex Holding Co. (a)(b)(j) | 103,447 | 111,723 | |
Scilex Holding Co. (b) | 45,036 | 43,775 | |
SIGA Technologies, Inc. (a) | 35,580 | 266,138 | |
Structure Therapeutics, Inc. ADR (b) | 15,865 | 542,583 | |
Supernus Pharmaceuticals, Inc. (b) | 19,436 | 527,104 | |
Tarsus Pharmaceuticals, Inc. (a)(b) | 13,948 | 459,726 | |
Tilray Brands, Inc. Class 2 (a)(b) | 290,723 | 523,301 | |
Verona Pharma PLC ADR (b) | 25,649 | 309,583 | |
Viatris, Inc. | 275,262 | 2,917,777 | |
WAVE Life Sciences (a)(b) | 79,828 | 493,337 | |
37,806,758 | |||
TOTAL HEALTH CARE | 425,130,172 | ||
INDUSTRIALS - 4.2% | |||
Aerospace & Defense - 0.3% | |||
AeroVironment, Inc. (a)(b) | 7,535 | 1,523,200 | |
Axon Enterprise, Inc. (b) | 17,696 | 4,984,432 | |
Elbit Systems Ltd. (a) | 10,920 | 2,105,922 | |
Kratos Defense & Security Solutions, Inc. (b) | 39,837 | 866,056 | |
Leonardo DRS, Inc. (b) | 60,059 | 1,414,389 | |
Lilium NV (a)(b) | 391,723 | 348,633 | |
Mercury Systems, Inc. (a)(b) | 18,552 | 574,184 | |
Rocket Lab U.S.A., Inc. Class A (a)(b) | 152,935 | 668,326 | |
Woodward, Inc. | 14,468 | 2,698,282 | |
15,183,424 | |||
Air Freight & Logistics - 0.1% | |||
Air Transport Services Group, Inc. (a)(b) | 20,078 | 271,053 | |
C.H. Robinson Worldwide, Inc. (a) | 28,965 | 2,501,707 | |
Hub Group, Inc. Class A | 19,822 | 855,319 | |
3,628,079 | |||
Building Products - 0.1% | |||
AAON, Inc. (a) | 19,914 | 1,494,546 | |
American Woodmark Corp. (b) | 3,696 | 318,263 | |
Apogee Enterprises, Inc. | 7,442 | 483,507 | |
CSW Industrials, Inc. | 3,473 | 883,045 | |
Gibraltar Industries, Inc. (b) | 10,050 | 758,373 | |
UFP Industries, Inc. | 12,885 | 1,539,500 | |
5,477,234 | |||
Commercial Services & Supplies - 0.6% | |||
ACV Auctions, Inc. Class A (a)(b) | 29,026 | 518,114 | |
Casella Waste Systems, Inc. Class A (a)(b) | 13,594 | 1,367,420 | |
Cimpress PLC (a)(b) | 4,856 | 400,669 | |
Cintas Corp. | 22,200 | 15,050,934 | |
Copart, Inc. | 224,487 | 11,911,280 | |
Driven Brands Holdings, Inc. (a)(b) | 75,254 | 864,668 | |
Fuel Tech, Inc. (b) | 242,336 | 271,416 | |
Matthews International Corp. Class A | 12,434 | 352,255 | |
Millerknoll, Inc. (a) | 26,267 | 724,444 | |
Stericycle, Inc. (b) | 26,250 | 1,352,925 | |
Tetra Tech, Inc. (a) | 12,618 | 2,643,345 | |
VSE Corp. (a) | 5,461 | 447,037 | |
35,904,507 | |||
Construction & Engineering - 0.2% | |||
Construction Partners, Inc. Class A (b) | 14,408 | 838,690 | |
Ferrovial SE (a) | 171,828 | 6,941,851 | |
IES Holdings, Inc. (b) | 6,205 | 945,952 | |
MYR Group, Inc. (a)(b) | 7,243 | 1,123,100 | |
Sterling Construction Co., Inc. (b) | 8,528 | 1,047,835 | |
Willscot Mobile Mini Holdings (b) | 44,208 | 1,743,121 | |
12,640,549 | |||
Electrical Equipment - 0.1% | |||
Array Technologies, Inc. (a)(b) | 44,859 | 636,101 | |
Encore Wire Corp. | 4,625 | 1,335,376 | |
Enovix Corp. (a)(b) | 52,961 | 562,446 | |
Fluence Energy, Inc. (a)(b) | 30,216 | 759,328 | |
Nextracker, Inc. Class A (a)(b) | 31,610 | 1,743,924 | |
Plug Power, Inc. (a)(b) | 157,724 | 525,221 | |
Powell Industries, Inc. (a) | 4,285 | 770,700 | |
Shoals Technologies Group, Inc. (b) | 39,284 | 309,165 | |
Sunrun, Inc. (a)(b) | 61,270 | 885,964 | |
Vicor Corp. (b) | 8,612 | 301,334 | |
7,829,559 | |||
Ground Transportation - 0.6% | |||
ArcBest Corp. (a) | 6,880 | 725,978 | |
Avis Budget Group, Inc. (a) | 8,360 | 950,783 | |
CSX Corp. | 429,236 | 14,486,715 | |
Grab Holdings Ltd. (b) | 902,843 | 3,313,434 | |
Heartland Express, Inc. | 31,156 | 352,686 | |
Hertz Global Holdings, Inc. (a)(b) | 74,906 | 326,590 | |
J.B. Hunt Transport Services, Inc. | 23,978 | 3,854,464 | |
Landstar System, Inc. | 8,024 | 1,460,609 | |
Lyft, Inc. (b) | 80,525 | 1,256,995 | |
Marten Transport Ltd. | 30,233 | 535,124 | |
Old Dominion Freight Lines, Inc. | 51,609 | 9,044,477 | |
Saia, Inc. (b) | 6,210 | 2,542,871 | |
Universal Logistics Holdings, Inc. (a) | 13,436 | 587,825 | |
Werner Enterprises, Inc. (a) | 17,968 | 675,058 | |
40,113,609 | |||
Industrial Conglomerates - 0.5% | |||
Honeywell International, Inc. | 153,522 | 31,040,613 | |
Icahn Enterprises LP | 96,980 | 1,601,140 | |
32,641,753 | |||
Machinery - 0.4% | |||
Astec Industries, Inc. | 8,837 | 287,114 | |
Blue Bird Corp. (b) | 13,872 | 790,843 | |
Columbus McKinnon Corp. (NY Shares) | 13,015 | 508,887 | |
Franklin Electric Co., Inc. | 12,705 | 1,263,893 | |
Hillman Solutions Corp. Class A (a)(b) | 64,656 | 594,189 | |
Lincoln Electric Holdings, Inc. | 13,698 | 2,689,739 | |
Middleby Corp. (a)(b) | 12,477 | 1,608,410 | |
NN, Inc. (a)(b) | 55,188 | 179,361 | |
Nordson Corp. (a) | 13,517 | 3,172,710 | |
Omega Flex, Inc. (a) | 3,161 | 187,163 | |
PACCAR, Inc. (a) | 122,548 | 13,173,910 | |
Symbotic, Inc. (a)(b) | 23,793 | 941,489 | |
25,397,708 | |||
Marine Transportation - 0.0% | |||
Golden Ocean Group Ltd. | 48,802 | 702,264 | |
Star Bulk Carriers Corp. (a) | 36,934 | 1,000,173 | |
1,702,437 | |||
Passenger Airlines - 0.2% | |||
Allegiant Travel Co. (a) | 5,821 | 309,677 | |
American Airlines Group, Inc. (a)(b) | 140,898 | 1,620,327 | |
Frontier Group Holdings, Inc. (a)(b) | 109,402 | 598,429 | |
JetBlue Airways Corp. (a)(b) | 169,856 | 949,495 | |
Ryanair Holdings PLC sponsored ADR | 24,563 | 2,987,843 | |
SkyWest, Inc. (b) | 7,170 | 535,384 | |
Sun Country Airlines Holdings, Inc. (b) | 23,945 | 253,578 | |
United Airlines Holdings, Inc. (b) | 73,906 | 3,916,279 | |
11,171,012 | |||
Professional Services - 0.9% | |||
Automatic Data Processing, Inc. | 92,749 | 22,716,085 | |
Concentrix Corp. (a) | 13,087 | 802,626 | |
Conduent, Inc. (a)(b) | 126,149 | 441,522 | |
CRA International, Inc. (a) | 2,108 | 370,945 | |
CSG Systems International, Inc. | 11,006 | 474,909 | |
ExlService Holdings, Inc. (b) | 44,433 | 1,326,769 | |
Exponent, Inc. | 13,773 | 1,310,088 | |
First Advantage Corp. (a) | 32,649 | 524,343 | |
Forrester Research, Inc. (b) | 14,200 | 255,458 | |
Huron Consulting Group, Inc. (b) | 6,982 | 616,580 | |
ICF International, Inc. | 5,938 | 847,650 | |
Kelly Services, Inc. Class A (non-vtg.) | 32,476 | 706,028 | |
LegalZoom.com, Inc. (b) | 41,676 | 365,915 | |
NV5 Global, Inc. (b) | 5,126 | 481,741 | |
Paychex, Inc. | 83,902 | 10,081,664 | |
Paycor HCM, Inc. (b) | 37,444 | 463,182 | |
Paylocity Holding Corp. (b) | 13,712 | 1,949,435 | |
Science Applications International Corp. | 12,042 | 1,621,455 | |
SS&C Technologies Holdings, Inc. | 51,646 | 3,204,634 | |
Sterling Check Corp. (a)(b) | 36,486 | 561,155 | |
Upwork, Inc. (b) | 46,851 | 495,215 | |
Verisk Analytics, Inc. | 30,157 | 7,623,086 | |
Verra Mobility Corp. (a)(b) | 48,448 | 1,290,655 | |
58,531,140 | |||
Trading Companies & Distributors - 0.2% | |||
Beacon Roofing Supply, Inc. (b) | 13,602 | 1,320,210 | |
Fastenal Co. | 126,304 | 8,333,538 | |
FTAI Aviation Ltd. (a) | 21,065 | 1,776,201 | |
H&E Equipment Services, Inc. (a) | 14,578 | 690,560 | |
McGrath RentCorp. | 7,550 | 822,799 | |
Rush Enterprises, Inc. Class A | 19,594 | 884,277 | |
Transcat, Inc. (b) | 3,213 | 409,336 | |
14,236,921 | |||
TOTAL INDUSTRIALS | 264,457,932 | ||
INFORMATION TECHNOLOGY - 49.7% | |||
Communications Equipment - 0.8% | |||
Cisco Systems, Inc. | 916,729 | 42,627,899 | |
Digi International, Inc. (b) | 11,794 | 287,302 | |
Extreme Networks, Inc. (b) | 43,075 | 480,286 | |
F5, Inc. (b) | 13,924 | 2,352,738 | |
Harmonic, Inc. (b) | 43,569 | 532,849 | |
Infinera Corp. (a)(b) | 108,105 | 618,361 | |
Lumentum Holdings, Inc. (a)(b) | 18,127 | 788,525 | |
NetScout Systems, Inc. (b) | 23,523 | 483,162 | |
Telefonaktiebolaget LM Ericsson (B Shares) sponsored ADR (a) | 202,172 | 1,241,336 | |
ViaSat, Inc. (a)(b) | 30,299 | 511,750 | |
Viavi Solutions, Inc. (b) | 64,092 | 481,972 | |
50,406,180 | |||
Electronic Equipment, Instruments & Components - 0.6% | |||
Advanced Energy Industries, Inc. (a) | 10,364 | 1,113,405 | |
Avnet, Inc. | 25,391 | 1,386,349 | |
CDW Corp. | 31,851 | 7,122,521 | |
Cognex Corp. (a) | 37,107 | 1,689,111 | |
ePlus, Inc. (b) | 9,005 | 673,934 | |
Flex Ltd. (b) | 102,983 | 3,411,827 | |
Hollysys Automation Technologies Ltd. (a)(b) | 23,828 | 504,439 | |
Innoviz Technologies Ltd. (a)(b) | 189,994 | 199,494 | |
Insight Enterprises, Inc. (a)(b) | 7,801 | 1,525,096 | |
IPG Photonics Corp. (b) | 12,615 | 1,094,099 | |
Itron, Inc. (b) | 11,489 | 1,235,642 | |
Lightwave Logic, Inc. (a)(b) | 82,306 | 253,502 | |
Littelfuse, Inc. (a) | 6,310 | 1,619,146 | |
Napco Security Technologies, Inc. (a) | 6,381 | 316,817 | |
Nayax Ltd. (a)(b) | 7,587 | 207,884 | |
Novanta, Inc. (b) | 9,589 | 1,554,952 | |
OSI Systems, Inc. (b) | 5,587 | 803,075 | |
PC Connection, Inc. | 8,501 | 575,008 | |
Plexus Corp. (b) | 8,296 | 913,721 | |
Sanmina Corp. (b) | 16,989 | 1,164,426 | |
ScanSource, Inc. (b) | 16,283 | 772,303 | |
Trimble, Inc. (b) | 55,947 | 3,115,129 | |
TTM Technologies, Inc. (b) | 36,555 | 679,923 | |
Zebra Technologies Corp. Class A (b) | 11,952 | 3,733,088 | |
35,664,891 | |||
IT Services - 0.5% | |||
Akamai Technologies, Inc. (b) | 30,960 | 2,855,750 | |
Amdocs Ltd. | 29,891 | 2,361,389 | |
Cognizant Technology Solutions Corp. Class A | 114,085 | 7,546,723 | |
Couchbase, Inc. (b) | 28,269 | 640,858 | |
Grid Dynamics Holdings, Inc. (a)(b) | 36,448 | 346,256 | |
Kingsoft Cloud Holdings Ltd. ADR (a)(b) | 83,620 | 236,645 | |
MongoDB, Inc. Class A (b) | 16,229 | 3,831,018 | |
Okta, Inc. (b) | 39,173 | 3,473,862 | |
Perficient, Inc. (b) | 18,147 | 1,345,600 | |
Taoping, Inc. (a)(b) | 29,777 | 22,452 | |
Thoughtworks Holding, Inc. (b) | 91,730 | 253,175 | |
VeriSign, Inc. (b) | 21,626 | 3,769,844 | |
Wix.com Ltd. (b) | 13,536 | 2,180,650 | |
28,864,222 | |||
Semiconductors & Semiconductor Equipment - 20.0% | |||
ACM Research, Inc. Class A, (b) | 15,647 | 337,975 | |
Advanced Micro Devices, Inc. (b) | 373,974 | 62,416,261 | |
Allegro MicroSystems LLC (a)(b) | 41,047 | 1,237,157 | |
Ambarella, Inc. (b) | 9,836 | 573,045 | |
Amkor Technology, Inc. (a) | 64,377 | 2,098,046 | |
Analog Devices, Inc. (a) | 113,082 | 26,516,598 | |
Applied Materials, Inc. | 190,609 | 40,996,184 | |
Arm Holdings Ltd. ADR (a) | 25,255 | 3,043,733 | |
ASML Holding NV (depository receipt) | 19,943 | 19,152,260 | |
Astera Labs, Inc. (a) | 35,226 | 2,273,486 | |
Axcelis Technologies, Inc. (a)(b) | 9,709 | 1,092,165 | |
Broadcom, Inc. (a) | 106,789 | 141,874,526 | |
Camtek Ltd. (a) | 11,519 | 1,179,661 | |
Canadian Solar, Inc. (a)(b) | 17,328 | 340,322 | |
CEVA, Inc. (a)(b) | 10,731 | 213,762 | |
Cirrus Logic, Inc. (b) | 12,466 | 1,429,850 | |
Cohu, Inc. (a)(b) | 13,945 | 449,587 | |
Credo Technology Group Holding Ltd. (b) | 46,945 | 1,223,856 | |
Diodes, Inc. (a)(b) | 12,461 | 923,734 | |
Enphase Energy, Inc. (b) | 30,840 | 3,944,436 | |
Entegris, Inc. | 34,694 | 4,383,587 | |
First Solar, Inc. (b) | 25,296 | 6,874,441 | |
FormFactor, Inc. (b) | 23,248 | 1,272,131 | |
GlobalFoundries, Inc. (a)(b) | 138,268 | 6,775,132 | |
Ichor Holdings Ltd. (a)(b) | 18,241 | 692,976 | |
Impinj, Inc. (a)(b) | 7,143 | 1,169,095 | |
indie Semiconductor, Inc. (a)(b) | 63,883 | 426,100 | |
Intel Corp. | 981,628 | 30,283,224 | |
KLA Corp. | 30,700 | 23,317,571 | |
Kulicke & Soffa Industries, Inc. (a) | 17,295 | 789,863 | |
Lam Research Corp. (a) | 29,614 | 27,613,278 | |
Lattice Semiconductor Corp. (b) | 34,668 | 2,573,752 | |
MACOM Technology Solutions Holdings, Inc. (a)(b) | 18,461 | 1,867,146 | |
Marvell Technology, Inc. | 197,993 | 13,623,898 | |
MaxLinear, Inc. Class A (b) | 16,930 | 300,846 | |
Microchip Technology, Inc. | 122,389 | 11,899,882 | |
Micron Technology, Inc. | 255,128 | 31,891,000 | |
MKS Instruments, Inc. (a) | 13,857 | 1,754,158 | |
Monolithic Power Systems, Inc. | 11,115 | 8,176,527 | |
Nova Ltd. (a)(b) | 7,084 | 1,478,077 | |
NVIDIA Corp. | 578,981 | 634,754,240 | |
NXP Semiconductors NV (a) | 58,661 | 15,961,658 | |
ON Semiconductor Corp. (b) | 95,387 | 6,967,066 | |
PDF Solutions, Inc. (b) | 5,516 | 193,170 | |
Photronics, Inc. (a)(b) | 22,473 | 614,637 | |
Power Integrations, Inc. (a) | 15,736 | 1,196,093 | |
Qorvo, Inc. (b) | 22,570 | 2,220,662 | |
Qualcomm, Inc. | 253,841 | 51,796,256 | |
Rambus, Inc. (b) | 26,307 | 1,453,725 | |
Semtech Corp. (b) | 17,678 | 687,497 | |
Silicon Laboratories, Inc. (a)(b) | 12,278 | 1,549,115 | |
Silicon Motion Tech Corp. sponsored ADR | 10,040 | 784,024 | |
SiTime Corp. (a)(b) | 5,057 | 616,044 | |
Skyworks Solutions, Inc. | 33,240 | 3,080,018 | |
SolarEdge Technologies, Inc. (b) | 12,247 | 599,981 | |
Synaptics, Inc. (b) | 14,851 | 1,391,687 | |
Teradyne, Inc. | 35,614 | 5,019,437 | |
Texas Instruments, Inc. | 207,679 | 40,499,482 | |
Tower Semiconductor Ltd. (a)(b) | 32,609 | 1,224,142 | |
Ultra Clean Holdings, Inc. (b) | 19,381 | 898,891 | |
Universal Display Corp. | 11,603 | 2,038,647 | |
Veeco Instruments, Inc. (a)(b) | 23,352 | 949,259 | |
1,262,975,059 | |||
Software - 16.4% | |||
ACI Worldwide, Inc. (a)(b) | 31,858 | 1,147,207 | |
Adeia, Inc. (a) | 33,064 | 391,147 | |
Adobe, Inc. (b) | 104,219 | 46,352,442 | |
Agilysys, Inc. (b) | 9,756 | 931,405 | |
Alarm.com Holdings, Inc. (b) | 13,685 | 895,136 | |
Alkami Technology, Inc. (b) | 18,611 | 510,500 | |
Altair Engineering, Inc. Class A (a)(b) | 13,594 | 1,187,164 | |
Amplitude, Inc. Class A, (a)(b) | 37,353 | 333,189 | |
ANSYS, Inc. (b) | 20,106 | 6,382,650 | |
AppFolio, Inc. Class A, (a)(b) | 4,937 | 1,127,216 | |
Appian Corp. Class A (a)(b) | 23,294 | 661,317 | |
AppLovin Corp. Class A, (b) | 62,218 | 5,069,523 | |
Aspen Technology, Inc. (b) | 16,475 | 3,470,459 | |
Atlassian Corp. PLC Class A, (b) | 37,307 | 5,851,976 | |
Aurora Innovation, Inc. Class A, (a)(b) | 342,850 | 819,412 | |
Autodesk, Inc. (b) | 48,661 | 9,810,058 | |
AvePoint, Inc. (b) | 72,532 | 654,239 | |
Bentley Systems, Inc. Class B (a) | 68,823 | 3,457,668 | |
Blackbaud, Inc. (a)(b) | 13,936 | 1,086,172 | |
BlackLine, Inc. (b) | 15,613 | 745,052 | |
Braze, Inc. (b) | 17,877 | 673,069 | |
Cadence Design Systems, Inc. (b) | 62,286 | 17,833,105 | |
CCC Intelligent Solutions Holdings, Inc. Class A (b) | 142,588 | 1,594,134 | |
Cellebrite DI Ltd. (b) | 53,817 | 573,151 | |
Check Point Software Technologies Ltd. (b) | 27,801 | 4,184,051 | |
Cipher Mining, Inc. (a)(b) | 117,847 | 437,212 | |
Cleanspark, Inc. (a)(b) | 49,871 | 801,427 | |
Cognyte Software Ltd. (b) | 61,135 | 464,626 | |
CommVault Systems, Inc. (b) | 11,818 | 1,271,440 | |
Confluent, Inc. (a)(b) | 58,800 | 1,527,036 | |
Crowdstrike Holdings, Inc. (b) | 51,795 | 16,246,538 | |
CyberArk Software Ltd. (b) | 9,945 | 2,279,891 | |
Datadog, Inc. Class A (a)(b) | 70,198 | 7,734,416 | |
Descartes Systems Group, Inc. (b) | 22,057 | 2,036,523 | |
Docebo, Inc. (b) | 5,328 | 183,230 | |
DocuSign, Inc. (b) | 44,590 | 2,440,857 | |
Dropbox, Inc. Class A (b) | 51,466 | 1,159,529 | |
Everbridge, Inc. (b) | 12,495 | 434,326 | |
EverCommerce, Inc. (a)(b) | 61,752 | 592,202 | |
Five9, Inc. (b) | 20,676 | 966,810 | |
Fortinet, Inc. (b) | 181,413 | 10,761,419 | |
Freshworks, Inc. (b) | 42,642 | 549,229 | |
Gen Digital, Inc. | 136,595 | 3,391,654 | |
GitLab, Inc. (b) | 32,267 | 1,522,680 | |
HashiCorp, Inc. (b) | 35,539 | 1,193,400 | |
Intapp, Inc. (a)(b) | 18,775 | 674,023 | |
InterDigital, Inc. (a) | 4,302 | 489,869 | |
Intuit, Inc. | 63,185 | 36,422,361 | |
Jamf Holding Corp. (a)(b) | 39,170 | 623,586 | |
JFrog Ltd. (a)(b) | 27,608 | 888,149 | |
LM Funding America, Inc. (a)(b) | 24,831 | 79,459 | |
Magic Software Enterprises Ltd. | 24,385 | 259,213 | |
Manhattan Associates, Inc. (b) | 12,291 | 2,698,366 | |
Marathon Digital Holdings, Inc. (a)(b) | 70,642 | 1,378,932 | |
Matterport, Inc. Class A (a)(b) | 156,846 | 690,122 | |
Microsoft Corp. | 1,720,773 | 714,344,480 | |
MicroStrategy, Inc. Class A (a)(b) | 3,672 | 5,597,927 | |
MMTEC, Inc. (a)(b) | 33,130 | 13,179 | |
Monday.com Ltd. (a)(b) | 10,060 | 2,272,655 | |
nCino, Inc. (b) | 24,395 | 744,779 | |
Nextnav, Inc. Class A (a)(b) | 38,684 | 305,410 | |
NICE Ltd. sponsored ADR (b) | 11,547 | 2,119,683 | |
Nutanix, Inc. Class A (b) | 53,458 | 2,957,029 | |
Open Text Corp. | 67,351 | 1,970,017 | |
Palo Alto Networks, Inc. (b) | 74,484 | 21,966,076 | |
Pegasystems, Inc. | 22,753 | 1,307,387 | |
Progress Software Corp. (a) | 13,645 | 691,119 | |
PTC, Inc. (b) | 28,275 | 4,983,186 | |
Qualys, Inc. (b) | 9,094 | 1,278,798 | |
Radware Ltd. (b) | 16,228 | 329,266 | |
Rapid7, Inc. (a)(b) | 17,797 | 643,184 | |
Riot Platforms, Inc. (a)(b) | 58,535 | 570,131 | |
Roper Technologies, Inc. | 23,695 | 12,623,748 | |
Sapiens International Corp. NV | 18,681 | 626,187 | |
SoundHound AI, Inc. (a)(b) | 79,113 | 399,521 | |
Sprout Social, Inc. (a)(b) | 15,020 | 490,403 | |
SPS Commerce, Inc. (b) | 9,658 | 1,816,573 | |
Synopsys, Inc. (b) | 35,326 | 19,810,821 | |
Telos Corp. (b) | 67,079 | 303,868 | |
Tenable Holdings, Inc. (a)(b) | 27,610 | 1,164,866 | |
Varonis Systems, Inc. (a)(b) | 26,691 | 1,146,645 | |
Verint Systems, Inc. (a)(b) | 18,073 | 536,045 | |
Vertex, Inc. Class A (a)(b) | 24,509 | 810,022 | |
Workday, Inc. Class A (b) | 46,413 | 9,814,029 | |
Zoom Video Communications, Inc. Class A (b) | 59,383 | 3,642,553 | |
Zscaler, Inc. (b) | 33,893 | 5,760,454 | |
1,036,980,008 | |||
Technology Hardware, Storage & Peripherals - 11.4% | |||
Apple, Inc. | 3,575,953 | 687,476,964 | |
Corsair Gaming, Inc. (b) | 31,582 | 366,035 | |
Logitech International SA (a) | 39,147 | 3,915,091 | |
Nano Dimension Ltd. ADR (a)(b) | 116,852 | 317,837 | |
NetApp, Inc. | 42,538 | 5,122,851 | |
Seagate Technology Holdings PLC | 49,576 | 4,622,466 | |
Super Micro Computer, Inc. (b) | 12,952 | 10,160,974 | |
Western Digital Corp. (b) | 76,873 | 5,787,768 | |
Xerox Holdings Corp. (a) | 40,777 | 573,325 | |
718,343,311 | |||
TOTAL INFORMATION TECHNOLOGY | 3,133,233,671 | ||
MATERIALS - 1.0% | |||
Chemicals - 0.8% | |||
Alto Ingredients, Inc. (b) | 79,688 | 121,126 | |
Balchem Corp. | 8,835 | 1,357,056 | |
Hawkins, Inc. (a) | 9,630 | 840,892 | |
Innospec, Inc. | 7,544 | 986,755 | |
Linde PLC | 109,651 | 47,755,204 | |
Methanex Corp. | 20,449 | 1,097,702 | |
52,158,735 | |||
Construction Materials - 0.0% | |||
United States Lime & Minerals, Inc. | 2,065 | 707,758 | |
Containers & Packaging - 0.0% | |||
Pactiv Evergreen, Inc. (a) | 63,958 | 790,521 | |
TriMas Corp. (a) | 15,373 | 409,229 | |
1,199,750 | |||
Metals & Mining - 0.2% | |||
Century Aluminum Co. (a)(b) | 45,486 | 833,758 | |
Ferroglobe PLC | 61,518 | 366,032 | |
Kaiser Aluminum Corp. (a) | 5,991 | 585,920 | |
Royal Gold, Inc. (a) | 14,717 | 1,886,572 | |
Sigma Lithium Corp. (a)(b) | 35,052 | 535,945 | |
SSR Mining, Inc. (a) | 46,265 | 247,055 | |
Steel Dynamics, Inc. | 40,239 | 5,386,795 | |
9,842,077 | |||
TOTAL MATERIALS | 63,908,320 | ||
REAL ESTATE - 0.8% | |||
Equity Real Estate Investment Trusts (REITs) - 0.6% | |||
Diversified Healthcare Trust (SBI) | 115,569 | 280,833 | |
Equinix, Inc. | 21,314 | 16,262,156 | |
Gaming & Leisure Properties | 56,889 | 2,554,316 | |
Host Hotels & Resorts, Inc. | 163,697 | 2,936,724 | |
Lamar Advertising Co. Class A | 21,759 | 2,569,955 | |
Phillips Edison & Co., Inc. (a) | 32,259 | 1,030,352 | |
PotlatchDeltic Corp. | 15,981 | 682,868 | |
Regency Centers Corp. | 41,545 | 2,550,863 | |
Retail Opportunity Investments Corp. | 38,726 | 484,850 | |
Sabra Health Care REIT, Inc. | 66,101 | 963,753 | |
SBA Communications Corp. Class A | 25,185 | 4,953,386 | |
Service Properties Trust | 52,867 | 284,424 | |
Uniti Group, Inc. | 89,118 | 281,613 | |
35,836,093 | |||
Real Estate Management & Development - 0.2% | |||
Colliers International Group, Inc. (a) | 10,769 | 1,207,851 | |
Comstock Holding Companies, Inc. (a)(b) | 135,264 | 834,579 | |
CoStar Group, Inc. (b) | 92,224 | 7,209,150 | |
eXp World Holdings, Inc. (a) | 39,662 | 444,611 | |
FirstService Corp. | 10,866 | 1,598,606 | |
Newmark Group, Inc. Class A | 48,492 | 504,802 | |
Opendoor Technologies, Inc. Class A (a)(b) | 186,645 | 406,886 | |
Zillow Group, Inc.: | |||
Class A (a)(b) | 17,705 | 710,856 | |
Class C (b) | 40,900 | 1,674,855 | |
14,592,196 | |||
TOTAL REAL ESTATE | 50,428,289 | ||
UTILITIES - 0.9% | |||
Electric Utilities - 0.8% | |||
Alliant Energy Corp. | 56,188 | 2,893,120 | |
American Electric Power Co., Inc. | 119,332 | 10,769,713 | |
Constellation Energy Corp. | 73,625 | 15,995,031 | |
Evergy, Inc. | 53,134 | 2,904,304 | |
Exelon Corp. | 233,833 | 8,780,429 | |
MGE Energy, Inc. (a) | 10,561 | 846,253 | |
Otter Tail Corp. (a) | 11,804 | 1,067,908 | |
Xcel Energy, Inc. | 132,103 | 7,325,111 | |
50,581,869 | |||
Independent Power and Renewable Electricity Producers - 0.1% | |||
Atlantica Sustainable Infrastructure PLC | 28,115 | 617,968 | |
Enlight Renewable Energy Ltd. (b) | 33,200 | 583,324 | |
Montauk Renewables, Inc. (a)(b) | 60,386 | 323,669 | |
ReNew Energy Global PLC (a)(b) | 88,953 | 532,828 | |
2,057,789 | |||
Multi-Utilities - 0.0% | |||
NorthWestern Energy Corp. | 14,677 | 762,617 | |
Water Utilities - 0.0% | |||
Middlesex Water Co. | 6,437 | 346,826 | |
TOTAL UTILITIES | 53,749,101 | ||
TOTAL COMMON STOCKS (Cost $3,343,640,643) | 6,291,147,277 | ||
U.S. Treasury Obligations - 0.0% | |||
Principal Amount (e) | Value ($) | ||
U.S. Treasury Bills, yield at date of purchase 5.31% 8/22/24 (f) (Cost $1,218,278) | 1,233,000 | 1,218,656 | |
Money Market Funds - 5.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (g) | 14,485,770 | 14,488,667 | |
Fidelity Securities Lending Cash Central Fund 5.39% (g)(h) | 357,675,106 | 357,710,874 | |
TOTAL MONEY MARKET FUNDS (Cost $372,197,338) | 372,199,541 | ||
TOTAL INVESTMENT IN SECURITIES - 105.6% (Cost $3,717,056,259) | 6,664,565,474 |
NET OTHER ASSETS (LIABILITIES) - (5.6)% | (353,973,874) |
NET ASSETS - 100.0% | 6,310,591,600 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
CME E-mini NASDAQ 100 Index Contracts (United States) | 60 | Jun 2024 | 22,309,200 | 169,909 | 169,909 |
The notional amount of futures purchased as a percentage of Net Assets is 0.4% |
(a) | Security or a portion of the security is on loan at period end. |
(b) | Non-income producing |
(c) | Level 3 security |
(d) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $437,437 or 0.0% of net assets. |
(e) | Amount is stated in United States dollars unless otherwise noted. |
(f) | Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $938,948. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
(i) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $0 or 0.0% of net assets. |
(j) | Equity security is subject to lock-up or market standoff agreement and valued at a discount to the market price of the equivalent equity security. As of period end, the total fair value of equity securities discounted due to contractual sale restrictions is $111,723 and all restrictions are set to expire on or before September 30, 2024. Under normal market conditions, there are no circumstances that could cause the restrictions to lapse. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
GCI Liberty, Inc. Class A (Escrow) | 5/23/23 | 0 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 24,006,336 | 88,365,417 | 97,883,087 | 518,548 | - | 1 | 14,488,667 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 168,226,114 | 602,770,949 | 413,286,189 | 4,163,073 | - | - | 357,710,874 | 1.4% |
Total | 192,232,450 | 691,136,366 | 511,169,276 | 4,681,621 | - | 1 | 372,199,541 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 946,603,057 | 946,549,697 | - | 53,360 |
Consumer Discretionary | 835,062,443 | 834,509,943 | - | 552,500 |
Consumer Staples | 241,924,462 | 241,924,462 | - | - |
Energy | 38,814,101 | 38,814,101 | - | - |
Financials | 237,835,729 | 237,835,729 | - | - |
Health Care | 425,130,172 | 423,134,475 | 1,956,682 | 39,015 |
Industrials | 264,457,932 | 264,457,932 | - | - |
Information Technology | 3,133,233,671 | 3,133,233,671 | - | - |
Materials | 63,908,320 | 63,908,320 | - | - |
Real Estate | 50,428,289 | 50,428,289 | - | - |
Utilities | 53,749,101 | 53,749,101 | - | - |
U.S. Government and Government Agency Obligations | 1,218,656 | - | 1,218,656 | - |
Money Market Funds | 372,199,541 | 372,199,541 | - | - |
Total Investments in Securities: | 6,664,565,474 | 6,660,745,261 | 3,175,338 | 644,875 |
Derivative Instruments: Assets | ||||
Futures Contracts | 169,909 | 169,909 | - | - |
Total Assets | 169,909 | 169,909 | - | - |
Total Derivative Instruments: | 169,909 | 169,909 | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 169,909 | 0 |
Total Equity Risk | 169,909 | 0 |
Total Value of Derivatives | 169,909 | 0 |
Statement of Assets and Liabilities | ||||
May 31, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $346,570,327) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,344,858,921) | $ | 6,292,365,933 | ||
Fidelity Central Funds (cost $372,197,338) | 372,199,541 | |||
Total Investment in Securities (cost $3,717,056,259) | $ | 6,664,565,474 | ||
Cash | 27,751 | |||
Foreign currency held at value (cost $162,293) | 148,979 | |||
Dividends receivable | 3,892,715 | |||
Distributions receivable from Fidelity Central Funds | 897,505 | |||
Receivable from investment adviser for expense reductions | 92,784 | |||
Total assets | 6,669,625,208 | |||
Liabilities | ||||
Accrued management fee | $ | 1,083,605 | ||
Payable for daily variation margin on futures contracts | 16,659 | |||
Other payables and accrued expenses | 224,707 | |||
Collateral on securities loaned | 357,708,637 | |||
Total liabilities | 359,033,608 | |||
Net Assets | $ | 6,310,591,600 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 3,493,467,477 | ||
Total accumulated earnings (loss) | 2,817,124,123 | |||
Net Assets | $ | 6,310,591,600 | ||
Net Asset Value, offering price and redemption price per share ($6,310,591,600 ÷ 95,700,000 shares) | $ | 65.94 |
Statement of Operations | ||||
Six months ended May 31, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 23,363,274 | ||
Interest | 52,976 | |||
Income from Fidelity Central Funds (including $4,163,073 from security lending) | 4,681,621 | |||
Total income | 28,097,871 | |||
Expenses | ||||
Management fee | $ | 6,124,030 | ||
Independent trustees' fees and expenses | 12,587 | |||
Miscellaneous | 180,292 | |||
Total expenses before reductions | 6,316,909 | |||
Expense reductions | (98,554) | |||
Total expenses after reductions | 6,218,355 | |||
Net Investment income (loss) | 21,879,516 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (3,006,386) | |||
Redemptions in-kind | 23,743,460 | |||
Foreign currency transactions | (199) | |||
Futures contracts | 2,876,549 | |||
Total net realized gain (loss) | 23,613,424 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 900,303,562 | |||
Fidelity Central Funds | 1 | |||
Assets and liabilities in foreign currencies | (1,432) | |||
Futures contracts | (986,071) | |||
Total change in net unrealized appreciation (depreciation) | 899,316,060 | |||
Net gain (loss) | 922,929,484 | |||
Net increase (decrease) in net assets resulting from operations | $ | 944,809,000 |
Statement of Changes in Net Assets | ||||
Six months ended May 31, 2024 (Unaudited) | Year ended November 30, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 21,879,516 | $ | 36,799,996 |
Net realized gain (loss) | 23,613,424 | 45,346,274 | ||
Change in net unrealized appreciation (depreciation) | 899,316,060 | 961,450,824 | ||
Net increase (decrease) in net assets resulting from operations | 944,809,000 | 1,043,597,094 | ||
Distributions to shareholders | (22,417,600) | (39,030,200) | ||
Share transactions | ||||
Proceeds from sales of shares | 207,103,750 | 369,571,529 | ||
Cost of shares redeemed | (32,916,357) | (159,557,590) | ||
Net increase (decrease) in net assets resulting from share transactions | 174,187,393 | 210,013,939 | ||
Total increase (decrease) in net assets | 1,096,578,793 | 1,214,580,833 | ||
Net Assets | ||||
Beginning of period | 5,214,012,807 | 3,999,431,974 | ||
End of period | $ | 6,310,591,600 | $ | 5,214,012,807 |
Other Information | ||||
Shares | ||||
Sold | 3,350,000 | 7,650,000 | ||
Redeemed | (550,000) | (3,450,000) | ||
Net increase (decrease) | 2,800,000 | 4,200,000 | ||
Fidelity® Nasdaq Composite Index® ETF |
Six months ended (Unaudited) May 31, 2024 | Years ended November 30, 2023 | 2022 | 2021 A | 2020 A | 2019 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 56.13 | $ | 45.09 | $ | 60.49 | $ | 47.46 | $ | 34.09 | $ | 28.79 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .23 | .40 | .40 | .34 | .35 | .35 | ||||||
Net realized and unrealized gain (loss) | 9.82 | 11.07 | (15.43) | 13.01 | 13.68 | 5.30 | ||||||
Total from investment operations | 10.05 | 11.47 | (15.03) | 13.35 | 14.03 | 5.65 | ||||||
Distributions from net investment income | (.24) | (.43) | (.37) | (.32) | (.34) | (.35) | ||||||
Distributions from net realized gain | - | - | - | - | (.32) | - | ||||||
Total distributions | (.24) | (.43) | (.37) | (.32) | (.66) | (.35) | ||||||
Net asset value, end of period | $ | 65.94 | $ | 56.13 | $ | 45.09 | $ | 60.49 | $ | 47.46 | $ | 34.09 |
Total Return D,E,F | 17.96 % | 25.60% | (24.90)% | 28.23% | 41.87% | 19.83% | ||||||
Ratios to Average Net Assets C,G,H | ||||||||||||
Expenses before reductions | .21% I,J | .21% | .21% | .21% | .21% | .27% | ||||||
Expenses net of fee waivers, if any | .21 % I,J | .21% | .21% | .21% | .21% | .21% | ||||||
Expenses net of all reductions | .21% I,J | .21% | .21% | .21% | .21% | .21% | ||||||
Net investment income (loss) | .75% I,J | .81% | .81% | .62% | .90% | 1.15% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 6,310,592 | $ | 5,214,013 | $ | 3,999,432 | $ | 4,784,708 | $ | 3,346,121 | $ | 2,202,470 |
Portfolio turnover rate K,L | 4 % I | 4% | 8% | 11% | 19% | 6% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $3,205,165,605 |
Gross unrealized depreciation | (259,488,184) |
Net unrealized appreciation (depreciation) | $2,945,677,421 |
Tax cost | $3,719,057,962 |
Short-term | $(94,148,632) |
Long-term | (63,456,943) |
Total capital loss carryforward | $(157,605,575) |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity Nasdaq Composite Index ETF | 170,733,898 | 128,945,929 |
In-Kind Subscriptions ($) | In-Kind Redemptions ($) | |
Fidelity Nasdaq Composite Index ETF | 203,588,518 | 32,321,506 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Nasdaq Composite Index ETF | 452,856 | 155,927 | 876,202 |
Reimbursement ($) | |
Fidelity Nasdaq Composite Index ETF | 92,784 |
Item 8.
Changes in and Disagreements with Accountants for Open-End Management Investment Companies
See Item 7.
Item 9.
Proxy Disclosures for Open-End Management Investment Companies
See Item 7.
Item 10.
Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies
See Item 7.
Item 11.
Statement Regarding Basis for Approval of Investment Advisory Contract
See Item 7.
Item 12.
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 13.
Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 14.
Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 15.
Submission of Matters to a Vote of Security Holders
There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Commonwealth Trust’s Board of Trustees.
Item 16.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Commonwealth Trust’s (the “Trust”) disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the Trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trust’s internal control over financial reporting.
Item 17.
Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
Not applicable.
Item 18.
Recovery of Erroneously Awarded Compensation
(a)
Not applicable.
(b)
Not applicable.
Item 19.
Exhibits
(a) | (1) | Not applicable. |
(a) | (2) | |
(a) | (3) | Not applicable. |
(b) |
SIGNATURES
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.
Fidelity Commonwealth Trust
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer (Principal Executive Officer) | |
Date: | July 23, 2024 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer (Principal Executive Officer) | |
Date: | July 23, 2024 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer (Principal Financial Officer) | |
Date: | July 23, 2024 |