Vanguard® Small-Cap Index Fund
Schedule of Investments (unaudited)
As of March 31, 2022
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
Shares | Market Value ($000) | |||||
Common Stocks (99.3%) | ||||||
Basic Materials (4.7%) | ||||||
Alcoa Corp. | 4,688,238 | 422,082 | ||||
Steel Dynamics Inc. | 4,722,865 | 394,029 | ||||
* | Cleveland-Cliffs Inc. | 11,848,538 | 381,641 | |||
Mosaic Co. | 4,614,657 | 306,875 | ||||
Reliance Steel & Aluminum Co. | 1,545,546 | 283,376 | ||||
CF Industries Holdings Inc. | 2,597,305 | 267,678 | ||||
Royal Gold Inc. | 1,642,504 | 232,053 | ||||
United States Steel Corp. | 5,883,556 | 222,045 | ||||
Olin Corp. | 3,520,084 | 184,030 | ||||
Huntsman Corp. | 4,300,921 | 161,328 | ||||
Valvoline Inc. | 4,494,981 | 141,862 | ||||
* | RBC Bearings Inc. | 723,893 | 140,348 | |||
* | Univar Solutions Inc. | 4,283,358 | 137,667 | |||
*,1 | MP Materials Corp. | 2,229,876 | 127,861 | |||
Commercial Metals Co. | 3,045,169 | 126,740 | ||||
Ashland Global Holdings Inc. | 1,283,553 | 126,315 | ||||
Chemours Co. | 4,010,108 | 126,238 | ||||
* | Hexcel Corp. | 2,103,757 | 125,110 | |||
Element Solutions Inc. | 5,601,118 | 122,665 | ||||
Scotts Miracle-Gro Co. | 975,478 | 119,945 | ||||
UFP Industries Inc. | 1,478,640 | 114,092 | ||||
Avient Corp. | 2,296,020 | 110,209 | ||||
* | Livent Corp. | 4,052,444 | 105,647 | |||
Timken Co. | 1,690,088 | 102,588 | ||||
Balchem Corp. | 726,273 | 99,282 | ||||
Cabot Corp. | 1,419,565 | 97,112 | ||||
Hecla Mining Co. | 13,484,917 | 88,596 | ||||
Sensient Technologies Corp. | 1,052,687 | 88,373 | ||||
Mueller Industries Inc. | 1,365,051 | 73,945 | ||||
Boise Cascade Co. | 986,730 | 68,548 | ||||
* | Arconic Corp. | 2,633,856 | 67,479 | |||
NewMarket Corp. | 194,295 | 63,025 | ||||
* | Ingevity Corp. | 976,637 | 62,573 | |||
Quaker Chemical Corp. | 335,652 | 58,004 | ||||
Innospec Inc. | 620,266 | 57,406 | ||||
Tronox Holdings plc Class A | 2,893,397 | 57,260 | ||||
Minerals Technologies Inc. | 832,405 | 55,064 | ||||
Compass Minerals International Inc. | 855,255 | 53,702 | ||||
Stepan Co. | 533,137 | 52,679 | ||||
Carpenter Technology Corp. | 1,208,523 | 50,734 | ||||
Westlake Corp. | 401,235 | 49,512 |
Shares | Market Value ($000) | |||||
GrafTech International Ltd. | 4,949,386 | 47,613 | ||||
Materion Corp. | 511,424 | 43,850 | ||||
* | GCP Applied Technologies Inc. | 1,390,533 | 43,691 | |||
Worthington Industries Inc. | 763,980 | 39,276 | ||||
Kaiser Aluminum Corp. | 396,525 | 37,337 | ||||
* | Century Aluminum Co. | 1,243,370 | 32,713 | |||
Schnitzer Steel Industries Inc. Class A | 624,632 | 32,443 | ||||
* | Coeur Mining Inc. | 5,813,566 | 25,870 | |||
Schweitzer-Mauduit International Inc. | 795,550 | 21,878 | ||||
*,1 | Amyris Inc. | 4,628,313 | 20,179 | |||
Ecovyst Inc. | 1,558,749 | 18,019 | ||||
* | Koppers Holdings Inc. | 507,693 | 13,972 | |||
Glatfelter Corp. | 1,051,953 | 13,023 | ||||
* | Zymergen Inc. | 546,931 | 1,581 | |||
* | Hycroft Mining Holding Corp. Warrants Exp. 10/22/22 | 19 | — | |||
6,117,163 | ||||||
Consumer Discretionary (14.6%) | ||||||
* | Liberty Media Corp.-Liberty Formula One Class C | 4,830,659 | 337,373 | |||
Williams-Sonoma Inc. | 1,827,851 | 265,038 | ||||
Service Corp. International | 3,847,645 | 253,252 | ||||
* | Zynga Inc. Class A | 26,664,996 | 246,385 | |||
* | Tapestry Inc. | 6,614,540 | 245,730 | |||
Nielsen Holdings plc | 8,993,809 | 244,991 | ||||
Aramark | 6,434,491 | 241,937 | ||||
* | Avis Budget Group Inc. | 875,728 | 230,579 | |||
* | BJ's Wholesale Club Holdings Inc. | 3,406,406 | 230,307 | |||
* | Norwegian Cruise Line Holdings Ltd. | 10,451,479 | 228,678 | |||
* | Five Below Inc. | 1,404,512 | 222,433 | |||
Lithia Motors Inc. Class A | 738,888 | 221,755 | ||||
Kohl's Corp. | 3,486,127 | 210,771 | ||||
Newell Brands Inc. | 9,594,536 | 205,419 | ||||
* | Floor & Decor Holdings Inc. Class A | 2,517,728 | 203,936 | |||
Pool Corp. | 477,214 | 201,790 | ||||
* | Bright Horizons Family Solutions Inc. | 1,513,354 | 200,807 | |||
Wyndham Hotels & Resorts Inc. | 2,311,841 | 195,790 | ||||
* | Mattel Inc. | 8,779,057 | 194,983 | |||
Churchill Downs Inc. | 858,827 | 190,471 | ||||
* | Capri Holdings Ltd. | 3,698,798 | 190,081 | |||
* | Deckers Outdoor Corp. | 682,399 | 186,820 | |||
Nexstar Media Group Inc. Class A | 974,041 | 183,587 | ||||
* | Alaska Air Group Inc. | 3,153,636 | 182,942 | |||
New York Times Co. Class A | 3,971,744 | 182,065 | ||||
* | SiteOne Landscape Supply Inc. | 1,123,384 | 181,640 | |||
* | Penn National Gaming Inc. | 4,249,395 | 180,259 | |||
* | Macy's Inc. | 7,324,911 | 178,435 | |||
* | Planet Fitness Inc. Class A | 2,101,094 | 177,500 | |||
Interpublic Group of Cos. Inc. | 4,936,028 | 174,982 | ||||
Gentex Corp. | 5,925,235 | 172,839 | ||||
* | Marriott Vacations Worldwide Corp. | 1,006,861 | 158,782 | |||
* | Hertz Global Holdings Inc. | 6,960,489 | 154,175 | |||
Polaris Inc. | 1,428,987 | 150,501 | ||||
* | American Airlines Group Inc. | 8,131,780 | 148,405 | |||
Bath & Body Works Inc. | 3,069,472 | 146,721 | ||||
1 | Dick's Sporting Goods Inc. | 1,419,660 | 141,994 | |||
* | RH | 430,587 | 140,410 | |||
* | Boyd Gaming Corp. | 2,110,334 | 138,818 | |||
Texas Roadhouse Inc. Class A | 1,656,869 | 138,730 | ||||
* | Terminix Global Holdings Inc. | 3,037,093 | 138,583 |
Shares | Market Value ($000) | |||||
* | Skechers USA Inc. Class A | 3,382,028 | 137,851 | |||
Harley-Davidson Inc. | 3,472,630 | 136,822 | ||||
*,1 | GameStop Corp. Class A | 813,612 | 135,531 | |||
* | Scientific Games Corp. | 2,299,069 | 135,070 | |||
* | PVH Corp. | 1,752,674 | 134,272 | |||
Toll Brothers Inc. | 2,846,469 | 133,841 | ||||
AMERCO | 220,873 | 131,848 | ||||
* | Vail Resorts Inc. | 506,497 | 131,826 | |||
Hanesbrands Inc. | 8,780,886 | 130,747 | ||||
* | IAA Inc. | 3,379,481 | 129,265 | |||
Choice Hotels International Inc. | 905,768 | 128,402 | ||||
* | YETI Holdings Inc. | 2,087,098 | 125,184 | |||
TEGNA Inc. | 5,557,428 | 124,486 | ||||
Travel + Leisure Co. | 2,148,374 | 124,477 | ||||
* | AutoNation Inc. | 1,236,877 | 123,168 | |||
Tempur Sealy International Inc. | 4,313,984 | 120,446 | ||||
* | JetBlue Airways Corp. | 8,021,128 | 119,916 | |||
* | Helen of Troy Ltd. | 605,150 | 118,513 | |||
Ralph Lauren Corp. | 1,044,527 | 118,491 | ||||
* | Hilton Grand Vacations Inc. | 2,252,530 | 117,154 | |||
* | Chegg Inc. | 3,209,385 | 116,436 | |||
* | Hyatt Hotels Corp. Class A | 1,199,006 | 114,445 | |||
* | Victoria's Secret & Co. | 2,221,224 | 114,082 | |||
Murphy USA Inc. | 559,932 | 111,964 | ||||
* | Crocs Inc. | 1,456,200 | 111,254 | |||
H&R Block Inc. | 4,132,025 | 107,598 | ||||
Lear Corp. | 748,653 | 106,750 | ||||
Leggett & Platt Inc. | 3,020,043 | 105,098 | ||||
Thor Industries Inc. | 1,323,779 | 104,181 | ||||
* | Fox Factory Holding Corp. | 1,056,108 | 103,446 | |||
* | Goodyear Tire & Rubber Co. | 7,061,646 | 100,911 | |||
Gap Inc. | 7,022,111 | 98,871 | ||||
Wendy's Co. | 4,427,061 | 97,263 | ||||
* | Peloton Interactive Inc. Class A | 3,608,448 | 95,335 | |||
* | SeaWorld Entertainment Inc. | 1,258,228 | 93,663 | |||
* | Asbury Automotive Group Inc. | 579,905 | 92,901 | |||
* | Sabre Corp. | 8,115,538 | 92,761 | |||
Carter's Inc. | 1,007,131 | 92,646 | ||||
Signet Jewelers Ltd. | 1,253,865 | 91,156 | ||||
* | National Vision Holdings Inc. | 2,073,827 | 90,357 | |||
*,1 | Sonos Inc. | 3,199,153 | 90,280 | |||
Wingstop Inc. | 747,638 | 87,735 | ||||
* | Academy Sports & Outdoors Inc. | 2,218,678 | 87,416 | |||
*,1 | Luminar Technologies Inc. Class A | 5,541,230 | 86,609 | |||
* | Grand Canyon Education Inc. | 885,606 | 86,001 | |||
Papa John's International Inc. | 812,978 | 85,590 | ||||
* | Coty Inc. Class A | 9,466,259 | 85,102 | |||
* | Under Armour Inc. Class C | 5,441,531 | 84,670 | |||
* | Callaway Golf Co. | 3,497,743 | 81,917 | |||
Columbia Sportswear Co. | 889,242 | 80,503 | ||||
* | Six Flags Entertainment Corp. | 1,834,897 | 79,818 | |||
* | Taylor Morrison Home Corp. Class A | 2,889,066 | 78,640 | |||
* | Visteon Corp. | 702,494 | 76,663 | |||
*,1 | Nordstrom Inc. | 2,797,216 | 75,833 | |||
* | Under Armour Inc. Class A | 4,448,138 | 75,707 | |||
* | Leslie's Inc. | 3,890,957 | 75,329 | |||
* | Madison Square Garden Sports Corp. | 419,166 | 75,182 | |||
Steven Madden Ltd. | 1,940,163 | 74,968 |
Shares | Market Value ($000) | |||||
Foot Locker Inc. | 2,517,830 | 74,679 | ||||
* | Skyline Champion Corp. | 1,353,273 | 74,268 | |||
* | Meritage Homes Corp. | 926,882 | 73,437 | |||
Cracker Barrel Old Country Store Inc. | 582,035 | 69,105 | ||||
* | TripAdvisor Inc. | 2,522,854 | 68,420 | |||
Group 1 Automotive Inc. | 405,600 | 68,072 | ||||
KB Home | 2,099,590 | 67,985 | ||||
MillerKnoll Inc. | 1,898,673 | 65,618 | ||||
1 | American Eagle Outfitters Inc. | 3,808,680 | 63,986 | |||
* | Dorman Products Inc. | 671,168 | 63,781 | |||
Penske Automotive Group Inc. | 678,743 | 63,612 | ||||
* | Red Rock Resorts Inc. Class A | 1,305,516 | 63,396 | |||
* | Frontdoor Inc. | 2,122,987 | 63,371 | |||
* | Shake Shack Inc. Class A | 932,596 | 63,323 | |||
LCI Industries | 601,661 | 62,458 | ||||
* | Allegiant Travel Co. | 384,535 | 62,445 | |||
* | Coursera Inc. | 2,643,152 | 60,898 | |||
* | Gentherm Inc. | 827,100 | 60,411 | |||
Rush Enterprises Inc. Class A | 1,177,954 | 59,970 | ||||
* | Spirit Airlines Inc. | 2,720,127 | 59,489 | |||
Graham Holdings Co. Class B | 95,099 | 58,150 | ||||
Dana Inc. | 3,248,339 | 57,073 | ||||
* | Madison Square Garden Entertainment Corp. | 683,698 | 56,959 | |||
John Wiley & Sons Inc. Class A | 1,053,575 | 55,871 | ||||
* | KAR Auction Services Inc. | 3,037,160 | 54,821 | |||
* | Revolve Group Inc. Class A | 1,010,149 | 54,235 | |||
* | Tri Pointe Homes Inc. | 2,681,950 | 53,854 | |||
MDC Holdings Inc. | 1,419,262 | 53,705 | ||||
Kontoor Brands Inc. | 1,292,649 | 53,451 | ||||
* | Figs Inc. Class A | 2,470,811 | 53,172 | |||
* | LGI Homes Inc. | 539,691 | 52,717 | |||
* | Ollie's Bargain Outlet Holdings Inc. | 1,204,422 | 51,742 | |||
* | iHeartMedia Inc. Class A | 2,707,706 | 51,257 | |||
*,1 | QuantumScape Corp. Class A | 2,534,689 | 50,668 | |||
*,1 | Fisker Inc. | 3,910,283 | 50,443 | |||
* | Cheesecake Factory Inc. | 1,256,826 | 50,009 | |||
* | Knowles Corp. | 2,303,192 | 49,588 | |||
* | Bloomin' Brands Inc. | 2,240,464 | 49,156 | |||
*,1 | Bed Bath & Beyond Inc. | 2,171,908 | 48,933 | |||
PriceSmart Inc. | 617,321 | 48,688 | ||||
World Wrestling Entertainment Inc. Class A | 768,164 | 47,964 | ||||
* | Dave & Buster's Entertainment Inc. | 970,459 | 47,650 | |||
* | ODP Corp. | 1,031,792 | 47,287 | |||
Jack in the Box Inc. | 500,925 | 46,791 | ||||
Wolverine World Wide Inc. | 2,044,984 | 46,135 | ||||
* | Abercrombie & Fitch Co. Class A | 1,417,758 | 45,354 | |||
* | Overstock.com Inc. | 1,023,806 | 45,053 | |||
* | Cinemark Holdings Inc. | 2,546,488 | 44,003 | |||
Levi Strauss & Co. Class A | 2,212,331 | 43,716 | ||||
* | Sally Beauty Holdings Inc. | 2,761,820 | 43,167 | |||
* | iRobot Corp. | 676,968 | 42,920 | |||
* | Brinker International Inc. | 1,116,891 | 42,621 | |||
* | Lions Gate Entertainment Corp. Class B | 2,797,125 | 42,041 | |||
Qurate Retail Inc. Class A | 8,760,930 | 41,702 | ||||
* | Cardlytics Inc. | 750,031 | 41,237 | |||
* | Central Garden & Pet Co. Class A | 1,006,235 | 41,034 | |||
* | ACV Auctions Inc. Class A | 2,708,011 | 40,106 | |||
PROG Holdings Inc. | 1,381,417 | 39,743 |
Shares | Market Value ($000) | |||||
* | Petco Health & Wellness Co. Inc. Class A | 1,987,006 | 38,886 | |||
* | Liberty Media Corp.-Liberty Formula One Class A | 611,884 | 38,628 | |||
Inter Parfums Inc. | 437,013 | 38,479 | ||||
HNI Corp. | 1,034,048 | 38,311 | ||||
* | Stride Inc. | 1,017,936 | 36,982 | |||
* | Urban Outfitters Inc. | 1,469,573 | 36,901 | |||
Strategic Education Inc. | 553,641 | 36,751 | ||||
* | SkyWest Inc. | 1,268,285 | 36,590 | |||
Oxford Industries Inc. | 401,924 | 36,374 | ||||
* | Tenneco Inc. Class A | 1,955,406 | 35,823 | |||
Rent-A-Center Inc. | 1,409,988 | 35,518 | ||||
Monro Inc. | 796,398 | 35,312 | ||||
* | Boot Barn Holdings Inc. | 371,442 | 35,209 | |||
* | Adtalem Global Education Inc. | 1,173,918 | 34,877 | |||
Acushnet Holdings Corp. | 829,514 | 33,396 | ||||
* | Driven Brands Holdings Inc. | 1,253,526 | 32,943 | |||
Sinclair Broadcast Group Inc. Class A | 1,170,560 | 32,799 | ||||
* | elf Beauty Inc. | 1,248,767 | 32,256 | |||
* | Dine Brands Global Inc. | 409,572 | 31,926 | |||
* | Laureate Education Inc. Class A | 2,678,413 | 31,739 | |||
1 | Dillard's Inc. Class A | 116,179 | 31,181 | |||
EW Scripps Co. Class A | 1,485,430 | 30,882 | ||||
* | Clear Channel Outdoor Holdings Inc. | 8,875,114 | 30,708 | |||
Sturm Ruger & Co. Inc. | 440,395 | 30,660 | ||||
* | G-III Apparel Group Ltd. | 1,096,060 | 29,648 | |||
*,1 | Dutch Bros Inc. Class A | 518,716 | 28,669 | |||
La-Z-Boy Inc. | 1,083,084 | 28,561 | ||||
1 | Camping World Holdings Inc. Class A | 993,442 | 27,767 | |||
* | Mister Car Wash Inc. | 1,855,936 | 27,449 | |||
* | Sleep Number Corp. | 539,240 | 27,345 | |||
* | AMC Networks Inc. Class A | 657,550 | 26,716 | |||
Big Lots Inc. | 768,467 | 26,589 | ||||
* | GoPro Inc. Class A | 3,103,230 | 26,471 | |||
* | Cavco Industries Inc. | 108,860 | 26,219 | |||
*,1 | ContextLogic Inc. Class A | 11,574,210 | 26,042 | |||
* | Vista Outdoor Inc. | 704,916 | 25,158 | |||
*,1 | Krispy Kreme Inc. | 1,672,629 | 24,839 | |||
Buckle Inc. | 746,429 | 24,662 | ||||
Matthews International Corp. Class A | 761,167 | 24,631 | ||||
* | Lions Gate Entertainment Corp. Class A | 1,500,995 | 24,391 | |||
* | Hawaiian Holdings Inc. | 1,229,985 | 24,231 | |||
* | 2U Inc. | 1,816,851 | 24,128 | |||
* | Cars.com Inc. | 1,653,587 | 23,861 | |||
Sonic Automotive Inc. Class A | 514,172 | 21,857 | ||||
Guess? Inc. | 980,776 | 21,430 | ||||
* | American Axle & Manufacturing Holdings Inc. | 2,733,234 | 21,210 | |||
* | Sun Country Airlines Holdings Inc. | 797,808 | 20,887 | |||
Interface Inc. Class A | 1,492,453 | 20,253 | ||||
* | Designer Brands Inc. Class A | 1,488,632 | 20,111 | |||
*,1 | Corsair Gaming Inc. | 949,713 | 20,096 | |||
* | Stitch Fix Inc. Class A | 1,984,024 | 19,979 | |||
Steelcase Inc. Class A | 1,641,166 | 19,612 | ||||
* | Zumiez Inc. | 490,909 | 18,758 | |||
* | Duolingo Inc. Class A | 197,108 | 18,747 | |||
Scholastic Corp. | 458,348 | 18,462 | ||||
*,1 | Canoo Inc. | 3,311,561 | 18,280 | |||
* | PowerSchool Holdings Inc. Class A | 996,326 | 16,449 | |||
* | BJ's Restaurants Inc. | 556,429 | 15,747 |
Shares | Market Value ($000) | |||||
Aaron's Co. Inc. | 758,431 | 15,229 | ||||
* | Janus International Group Inc. | 1,640,662 | 14,766 | |||
* | RealReal Inc. | 1,984,941 | 14,411 | |||
*,1 | Life Time Group Holdings Inc. | 974,816 | 14,174 | |||
* | Latham Group Inc. | 1,067,107 | 14,129 | |||
* | Quotient Technology Inc. | 2,152,703 | 13,734 | |||
* | WW International Inc. | 1,329,251 | 13,598 | |||
*,1 | Portillo's Inc. Class A | 507,112 | 12,455 | |||
*,1 | Sweetgreen Inc. Class A | 352,442 | 11,275 | |||
* | Poshmark Inc. Class A | 889,570 | 11,262 | |||
* | Genesco Inc. | 170,809 | 10,865 | |||
* | Central Garden & Pet Co. | 224,046 | 9,849 | |||
* | Angi Inc. Class A | 1,718,882 | 9,746 | |||
* | ThredUp Inc. Class A | 1,248,468 | 9,613 | |||
*,1 | Frontier Group Holdings Inc. | 824,675 | 9,344 | |||
* | Rush Street Interactive Inc. | 1,270,626 | 9,237 | |||
Smith & Wesson Brands Inc. | 601,675 | 9,103 | ||||
Caleres Inc. | 458,850 | 8,870 | ||||
* | Vizio Holding Corp. Class A | 974,647 | 8,665 | |||
* | Children's Place Inc. | 171,552 | 8,458 | |||
*,1 | Dream Finders Homes Inc. Class A | 488,153 | 8,338 | |||
* | Integral Ad Science Holding Corp. | 580,972 | 8,017 | |||
* | Sciplay Corp. Class A | 592,303 | 7,653 | |||
*,1 | Bowlero Corp. | 702,827 | 7,485 | |||
*,1 | Cricut Inc. Class A | 451,954 | 5,916 | |||
Global Industrial Co. | 181,181 | 5,839 | ||||
*,1 | Lordstown Motors Corp. | 1,692,885 | 5,773 | |||
*,1 | Traeger Inc. | 750,720 | 5,585 | |||
*,1 | Weber Inc. Class A | 540,653 | 5,315 | |||
Rush Enterprises Inc. Class B | 102,996 | 4,980 | ||||
*,1 | Udemy Inc. | 348,870 | 4,347 | |||
* | Selectquote Inc. | 1,504,411 | 4,197 | |||
* | Lands' End Inc. | 192,060 | 3,250 | |||
* | Allbirds Inc. Class A | 508,724 | 3,057 | |||
* | Arhaus Inc. Class A | 339,712 | 2,891 | |||
*,1 | XL Fleet Corp. | 1,356,064 | 2,699 | |||
* | El Pollo Loco Holdings Inc. | 232,113 | 2,697 | |||
*,1 | Solo Brands Inc. Class A | 315,112 | 2,688 | |||
* | Brilliant Earth Group Inc. Class A | 207,212 | 2,132 | |||
*,1 | Revlon Inc. Class A | 55,548 | 448 | |||
19,183,301 | ||||||
Consumer Staples (3.0%) | ||||||
Bunge Ltd. | 3,520,483 | 390,105 | ||||
* | Darling Ingredients Inc. | 4,053,749 | 325,840 | |||
* | Performance Food Group Co. | 3,878,514 | 197,455 | |||
* | US Foods Holding Corp. | 5,028,196 | 189,211 | |||
Casey's General Stores Inc. | 929,243 | 184,148 | ||||
Ingredion Inc. | 1,587,256 | 138,329 | ||||
Molson Coors Beverage Co. Class B | 2,260,148 | 120,647 | ||||
Flowers Foods Inc. | 4,501,808 | 115,741 | ||||
Lamb Weston Holdings Inc. | 1,820,301 | 109,054 | ||||
* | Freshpet Inc. | 1,033,742 | 106,103 | |||
Sanderson Farms Inc. | 531,307 | 99,615 | ||||
* | Post Holdings Inc. | 1,387,725 | 96,114 | |||
Spectrum Brands Holdings Inc. | 1,022,283 | 90,697 | ||||
* | Boston Beer Co. Inc. Class A | 230,817 | 89,665 | |||
* | Sprouts Farmers Market Inc. | 2,778,952 | 88,871 | |||
* | Simply Good Foods Co. | 2,048,527 | 77,742 |
Shares | Market Value ($000) | |||||
* | Hostess Brands Inc. Class A | 3,472,785 | 76,193 | |||
* | Hain Celestial Group Inc. | 2,175,825 | 74,848 | |||
Lancaster Colony Corp. | 482,626 | 71,984 | ||||
* | Herbalife Nutrition Ltd. | 2,338,478 | 70,996 | |||
* | Grocery Outlet Holding Corp. | 2,164,331 | 70,947 | |||
*,1 | Beyond Meat Inc. | 1,429,305 | 69,050 | |||
* | BellRing Brands Inc. | 2,733,000 | 63,078 | |||
WD-40 Co. | 342,749 | 62,802 | ||||
* | United Natural Foods Inc. | 1,455,761 | 60,196 | |||
Nu Skin Enterprises Inc. Class A | 1,248,418 | 59,774 | ||||
Coca-Cola Consolidated Inc. | 116,269 | 57,768 | ||||
Energizer Holdings Inc. | 1,786,294 | 54,946 | ||||
* | Cal-Maine Foods Inc. | 993,683 | 54,871 | |||
* | Celsius Holdings Inc. | 938,657 | 51,795 | |||
Edgewell Personal Care Co. | 1,365,805 | 50,084 | ||||
Medifast Inc. | 274,859 | 46,940 | ||||
* | TreeHouse Foods Inc. | 1,398,221 | 45,107 | |||
J & J Snack Foods Corp. | 287,271 | 44,556 | ||||
1 | B&G Foods Inc. | 1,625,233 | 43,849 | |||
* | Beauty Health Co. | 2,441,373 | 41,210 | |||
Vector Group Ltd. | 3,253,192 | 39,168 | ||||
Reynolds Consumer Products Inc. | 1,311,567 | 38,481 | ||||
Andersons Inc. | 760,377 | 38,217 | ||||
Universal Corp. | 581,432 | 33,764 | ||||
* | Pilgrim's Pride Corp. | 1,217,777 | 30,566 | |||
Weis Markets Inc. | 401,064 | 28,644 | ||||
National Beverage Corp. | 586,279 | 25,503 | ||||
Utz Brands Inc. | 1,653,171 | 24,434 | ||||
Seaboard Corp. | 5,803 | 24,404 | ||||
Fresh Del Monte Produce Inc. | 901,000 | 23,345 | ||||
* | USANA Health Sciences Inc. | 292,694 | 23,255 | |||
ACCO Brands Corp. | 2,314,064 | 18,513 | ||||
* | Duckhorn Portfolio Inc. | 867,827 | 15,786 | |||
* | Hydrofarm Holdings Group Inc. | 878,535 | 13,310 | |||
Tootsie Roll Industries Inc. | 358,881 | 12,546 | ||||
*,1 | Rite Aid Corp. | 1,339,680 | 11,722 | |||
* | Sovos Brands Inc. | 631,987 | 8,962 | |||
* | Honest Co. Inc. | 1,274,125 | 6,638 | |||
* | Vital Farms Inc. | 372,555 | 4,605 | |||
4,012,194 | ||||||
Energy (5.6%) | ||||||
Marathon Oil Corp. | 18,311,654 | 459,806 | ||||
Targa Resources Corp. | 5,733,255 | 432,689 | ||||
APA Corp. | 8,689,716 | 359,146 | ||||
Ovintiv Inc. | 6,542,086 | 353,731 | ||||
Diamondback Energy Inc. | 2,224,511 | 304,936 | ||||
* | EQT Corp. | 8,491,621 | 292,197 | |||
Coterra Energy Inc. | 9,683,577 | 261,166 | ||||
Chesapeake Energy Corp. | 2,934,193 | 255,275 | ||||
Texas Pacific Land Corp. | 155,227 | 209,884 | ||||
* | Antero Resources Corp. | 6,703,288 | 204,651 | |||
* | First Solar Inc. | 2,397,702 | 200,784 | |||
* | Southwestern Energy Co. | 27,918,225 | 200,174 | |||
* | NOV Inc. | 9,836,216 | 192,888 | |||
* | Range Resources Corp. | 6,240,389 | 189,583 | |||
PDC Energy Inc. | 2,440,068 | 177,344 | ||||
Murphy Oil Corp. | 3,679,168 | 148,602 | ||||
Matador Resources Co. | 2,804,824 | 148,600 |
Shares | Market Value ($000) | |||||
HF Sinclair Corp. | 3,674,311 | 146,421 | ||||
* | DT Midstream Inc. | 2,423,163 | 131,481 | |||
* | ChampionX Corp. | 5,087,161 | 124,534 | |||
SM Energy Co. | 3,045,820 | 118,635 | ||||
*,1 | ChargePoint Holdings Inc. | 5,808,527 | 115,473 | |||
Helmerich & Payne Inc. | 2,382,291 | 101,914 | ||||
* | Denbury Inc. | 1,193,376 | 93,763 | |||
Magnolia Oil & Gas Corp. Class A | 3,916,518 | 92,626 | ||||
* | California Resources Corp. | 2,016,074 | 90,179 | |||
* | CNX Resources Corp. | 4,313,072 | 89,367 | |||
Equitrans Midstream Corp. | 10,293,373 | 86,876 | ||||
Antero Midstream Corp. | 7,783,447 | 84,606 | ||||
Cactus Inc. Class A | 1,478,383 | 83,883 | ||||
* | Whiting Petroleum Corp. | 984,172 | 80,220 | |||
Patterson-UTI Energy Inc. | 5,127,889 | 79,380 | ||||
New Fortress Energy Inc. Class A | 1,812,830 | 77,245 | ||||
* | Renewable Energy Group Inc. | 1,260,381 | 76,442 | |||
Civitas Resources Inc. | 1,276,105 | 76,196 | ||||
Arcosa Inc. | 1,208,798 | 69,204 | ||||
Oasis Petroleum Inc. | 459,119 | 67,169 | ||||
* | Transocean Ltd. | 13,984,873 | 63,911 | |||
* | Ameresco Inc. Class A | 756,305 | 60,126 | |||
Enviva Inc. | 744,976 | 58,965 | ||||
* | PBF Energy Inc. Class A | 2,405,344 | 58,618 | |||
*,1 | Arch Resources Inc. | 386,073 | 53,039 | |||
*,1 | FuelCell Energy Inc. | 8,720,320 | 50,229 | |||
* | NexTier Oilfield Solutions Inc. | 5,192,642 | 47,980 | |||
Warrior Met Coal Inc. | 1,290,895 | 47,905 | ||||
*,1 | SunPower Corp. | 2,167,874 | 46,566 | |||
* | Liberty Oilfield Services Inc. Class A | 2,985,139 | 44,240 | |||
World Fuel Services Corp. | 1,544,594 | 41,766 | ||||
* | Stem Inc. | 3,654,129 | 40,232 | |||
* | Array Technologies Inc. | 3,540,720 | 39,904 | |||
* | Delek US Holdings Inc. | 1,858,540 | 39,438 | |||
* | Oceaneering International Inc. | 2,495,058 | 37,825 | |||
Core Laboratories NV | 1,158,005 | 36,628 | ||||
* | Callon Petroleum Co. | 615,980 | 36,392 | |||
Archrock Inc. | 3,715,070 | 34,290 | ||||
* | Peabody Energy Corp. | 1,338,885 | 32,843 | |||
* | Dril-Quip Inc. | 872,751 | 32,597 | |||
* | ProPetro Holding Corp. | 2,194,868 | 30,574 | |||
* | NOW Inc. | 2,768,349 | 30,535 | |||
Continental Resources Inc. | 455,157 | 27,915 | ||||
* | MRC Global Inc. | 1,985,197 | 23,644 | |||
* | Shoals Technologies Group Inc. Class A | 1,303,649 | 22,214 | |||
*,1 | EVgo Inc. | 1,720,215 | 22,122 | |||
* | RPC Inc. | 1,893,490 | 20,203 | |||
CVR Energy Inc. | 757,692 | 19,351 | ||||
*,1 | Fluence Energy Inc. Class A | 752,950 | 9,871 | |||
* | Helix Energy Solutions Group Inc. | 1,837,339 | 8,782 | |||
* | Denbury Inc. Warrants Exp. 9/18/23 | 2 | — | |||
7,395,775 | ||||||
Financials (15.0%) | ||||||
Brown & Brown Inc. | 5,656,500 | 408,795 | ||||
Signature Bank | 1,317,813 | 386,765 | ||||
LPL Financial Holdings Inc. | 1,903,604 | 347,750 | ||||
First Horizon Corp. | 13,380,382 | 314,305 | ||||
Comerica Inc. | 3,284,707 | 297,036 |
Shares | Market Value ($000) | |||||
East West Bancorp Inc. | 3,555,373 | 280,946 | ||||
American Financial Group Inc. | 1,914,718 | 278,821 | ||||
Invesco Ltd. | 11,545,507 | 266,239 | ||||
Carlyle Group Inc. | 5,356,180 | 261,971 | ||||
Webster Financial Corp. | 4,502,037 | 252,654 | ||||
Assurant Inc. | 1,382,460 | 251,373 | ||||
Zions Bancorp NA | 3,799,246 | 249,079 | ||||
People's United Financial Inc. | 10,722,325 | 214,339 | ||||
Western Alliance Bancorp | 2,537,581 | 210,162 | ||||
Cullen/Frost Bankers Inc. | 1,443,931 | 199,855 | ||||
First Citizens BancShares Inc. Class A | 299,833 | 199,569 | ||||
Commerce Bancshares Inc. | 2,728,185 | 195,311 | ||||
*,1 | Robinhood Markets Inc. Class A | 13,915,663 | 188,001 | |||
SEI Investments Co. | 3,117,261 | 187,690 | ||||
Reinsurance Group of America Inc. | 1,683,762 | 184,305 | ||||
*,1 | Upstart Holdings Inc. | 1,684,854 | 183,801 | |||
Old Republic International Corp. | 6,925,650 | 179,167 | ||||
Morningstar Inc. | 647,664 | 176,922 | ||||
Voya Financial Inc. | 2,664,500 | 176,790 | ||||
Starwood Property Trust Inc. | 7,284,692 | 176,071 | ||||
RenaissanceRe Holdings Ltd. | 1,102,156 | 174,703 | ||||
AGNC Investment Corp. | 13,149,820 | 172,263 | ||||
Stifel Financial Corp. | 2,534,747 | 172,109 | ||||
Synovus Financial Corp. | 3,463,333 | 169,703 | ||||
First American Financial Corp. | 2,603,245 | 168,742 | ||||
Pinnacle Financial Partners Inc. | 1,811,017 | 166,758 | ||||
SouthState Corp. | 1,909,627 | 155,806 | ||||
Ares Management Corp. Class A | 1,891,945 | 153,683 | ||||
Prosperity Bancshares Inc. | 2,193,025 | 152,152 | ||||
Popular Inc. | 1,860,719 | 152,095 | ||||
First Financial Bankshares Inc. | 3,392,484 | 149,676 | ||||
Janus Henderson Group plc | 4,237,448 | 148,395 | ||||
Unum Group | 4,612,677 | 145,345 | ||||
Cadence Bank | 4,826,894 | 141,235 | ||||
Glacier Bancorp Inc. | 2,773,482 | 139,451 | ||||
Jefferies Financial Group Inc. | 4,239,061 | 139,253 | ||||
Valley National Bancorp | 10,563,302 | 137,534 | ||||
OneMain Holdings Inc. | 2,877,982 | 136,445 | ||||
* | Alleghany Corp. | 160,983 | 136,353 | |||
Primerica Inc. | 989,978 | 135,449 | ||||
Selective Insurance Group Inc. | 1,508,988 | 134,843 | ||||
*,1 | SoFi Technologies Inc. | 14,161,533 | 133,826 | |||
Affiliated Managers Group Inc. | 947,389 | 133,534 | ||||
Wintrust Financial Corp. | 1,430,604 | 132,946 | ||||
Bank OZK | 3,088,365 | 131,873 | ||||
PacWest Bancorp | 2,994,781 | 129,165 | ||||
New Residential Investment Corp. | 11,758,273 | 129,106 | ||||
SLM Corp. | 7,015,934 | 128,813 | ||||
Blue Owl Capital Inc. Class A | 10,154,428 | 128,758 | ||||
Blackstone Mortgage Trust Inc. Class A | 4,037,450 | 128,351 | ||||
Lincoln National Corp. | 1,944,246 | 127,076 | ||||
Kinsale Capital Group Inc. | 543,622 | 123,957 | ||||
Old National Bancorp | 7,404,568 | 121,287 | ||||
Hanover Insurance Group Inc. | 800,748 | 119,728 | ||||
RLI Corp. | 1,078,636 | 119,330 | ||||
United Bankshares Inc. | 3,417,315 | 119,196 | ||||
ServisFirst Bancshares Inc. | 1,223,911 | 116,626 | ||||
Axis Capital Holdings Ltd. | 1,915,885 | 115,854 |
Shares | Market Value ($000) | |||||
New York Community Bancorp Inc. | 10,746,123 | 115,198 | ||||
* | Silvergate Capital Corp. Class A | 751,108 | 113,094 | |||
Globe Life Inc. | 1,120,193 | 112,691 | ||||
Erie Indemnity Co. Class A | 636,733 | 112,148 | ||||
Houlihan Lokey Inc. Class A | 1,268,410 | 111,366 | ||||
FNB Corp. | 8,869,639 | 110,427 | ||||
Hancock Whitney Corp. | 2,067,167 | 107,803 | ||||
MGIC Investment Corp. | 7,932,312 | 107,483 | ||||
Essent Group Ltd. | 2,593,948 | 106,897 | ||||
Assured Guaranty Ltd. | 1,663,263 | 105,883 | ||||
Umpqua Holdings Corp. | 5,433,963 | 102,485 | ||||
* | Brighthouse Financial Inc. | 1,951,565 | 100,818 | |||
UMB Financial Corp. | 1,032,393 | 100,307 | ||||
Radian Group Inc. | 4,406,320 | 97,864 | ||||
* | Credit Acceptance Corp. | 176,976 | 97,402 | |||
Virtu Financial Inc. Class A | 2,592,971 | 96,510 | ||||
Walker & Dunlop Inc. | 742,041 | 96,035 | ||||
Community Bank System Inc. | 1,347,821 | 94,550 | ||||
BankUnited Inc. | 2,121,108 | 93,244 | ||||
* | Jackson Financial Inc. Class A | 2,102,324 | 92,986 | |||
Lazard Ltd. Class A | 2,683,962 | 92,597 | ||||
Evercore Inc. Class A | 831,787 | 92,595 | ||||
United Community Banks Inc. | 2,649,428 | 92,200 | ||||
Independent Bank Corp. (Massachusetts) | 1,125,324 | 91,928 | ||||
Eastern Bankshares Inc. | 4,201,374 | 90,498 | ||||
First Hawaiian Inc. | 3,199,582 | 89,236 | ||||
Kemper Corp. | 1,514,701 | 85,641 | ||||
Bank of Hawaii Corp. | 1,010,815 | 84,828 | ||||
Investors Bancorp Inc. | 5,605,243 | 83,686 | ||||
Pacific Premier Bancorp Inc. | 2,366,136 | 83,643 | ||||
Home BancShares Inc. | 3,694,879 | 83,504 | ||||
White Mountains Insurance Group Ltd. | 71,793 | 81,574 | ||||
* | Trupanion Inc. | 914,542 | 81,504 | |||
FirstCash Holdings Inc. | 1,153,681 | 81,150 | ||||
Associated Banc-Corp | 3,558,592 | 80,994 | ||||
Cathay General Bancorp | 1,800,790 | 80,585 | ||||
* | Ryan Specialty Group Holdings Inc. Class A | 2,067,106 | 80,183 | |||
CVB Financial Corp. | 3,439,040 | 79,820 | ||||
Federated Hermes Inc. Class B | 2,305,993 | 78,542 | ||||
First Interstate BancSystem Inc. Class A | 2,099,740 | 77,207 | ||||
WSFS Financial Corp. | 1,641,714 | 76,537 | ||||
* | Mr Cooper Group Inc. | 1,669,649 | 76,253 | |||
CNO Financial Group Inc. | 2,965,347 | 74,401 | ||||
American Equity Investment Life Holding Co. | 1,853,038 | 73,955 | ||||
Moelis & Co. Class A | 1,565,882 | 73,518 | ||||
Ameris Bancorp | 1,658,867 | 72,791 | ||||
* | Texas Capital Bancshares Inc. | 1,268,998 | 72,726 | |||
Chimera Investment Corp. | 5,973,247 | 71,918 | ||||
* | Enstar Group Ltd. | 269,401 | 70,354 | |||
Simmons First National Corp. Class A | 2,678,807 | 70,238 | ||||
*,1 | Marathon Digital Holdings Inc. | 2,442,049 | 68,255 | |||
Fulton Financial Corp. | 4,057,366 | 67,433 | ||||
First Bancorp | 5,055,533 | 66,329 | ||||
Atlantic Union Bankshares Corp. | 1,801,357 | 66,092 | ||||
Independent Bank Group Inc. | 908,597 | 64,656 | ||||
BOK Financial Corp. | 684,771 | 64,334 | ||||
Columbia Banking System Inc. | 1,969,007 | 63,540 | ||||
Artisan Partners Asset Management Inc. Class A | 1,588,572 | 62,510 |
Shares | Market Value ($000) | |||||
Navient Corp. | 3,665,127 | 62,454 | ||||
* | Axos Financial Inc. | 1,341,178 | 62,217 | |||
Hamilton Lane Inc. Class A | 791,034 | 61,139 | ||||
International Bancshares Corp. | 1,429,179 | 60,326 | ||||
First Merchants Corp. | 1,414,894 | 58,860 | ||||
*,1 | Riot Blockchain Inc. | 2,778,468 | 58,820 | |||
* | Focus Financial Partners Inc. Class A | 1,230,473 | 56,282 | |||
Piper Sandler Cos. | 426,557 | 55,986 | ||||
Washington Federal Inc. | 1,638,045 | 53,761 | ||||
Flagstar Bancorp Inc. | 1,265,161 | 53,643 | ||||
Towne Bank | 1,732,082 | 51,859 | ||||
Cohen & Steers Inc. | 603,634 | 51,846 | ||||
WesBanco Inc. | 1,506,311 | 51,757 | ||||
First Financial Bancorp | 2,233,885 | 51,491 | ||||
Apollo Commercial Real Estate Finance Inc. | 3,523,229 | 49,079 | ||||
* | Genworth Financial Inc. Class A | 12,721,904 | 48,089 | |||
Park National Corp. | 365,193 | 47,979 | ||||
* | Open Lending Corp. Class A | 2,533,445 | 47,907 | |||
Two Harbors Investment Corp. | 8,659,494 | 47,887 | ||||
Banner Corp. | 814,682 | 47,683 | ||||
* | PRA Group Inc. | 1,035,909 | 46,699 | |||
Hope Bancorp Inc. | 2,858,426 | 45,964 | ||||
* | Cannae Holdings Inc. | 1,889,075 | 45,187 | |||
Renasant Corp. | 1,324,915 | 44,318 | ||||
Hilltop Holdings Inc. | 1,480,152 | 43,516 | ||||
Horace Mann Educators Corp. | 1,036,521 | 43,358 | ||||
Virtus Investment Partners Inc. | 180,580 | 43,337 | ||||
* | MFA Financial Inc. | 10,736,361 | 43,268 | |||
Eagle Bancorp Inc. | 754,449 | 43,011 | ||||
StepStone Group Inc. Class A | 1,295,378 | 42,825 | ||||
Trustmark Corp. | 1,394,961 | 42,393 | ||||
Northwest Bancshares Inc. | 3,001,583 | 40,551 | ||||
Provident Financial Services Inc. | 1,730,884 | 40,503 | ||||
PennyMac Mortgage Investment Trust | 2,396,071 | 40,470 | ||||
* | LendingClub Corp. | 2,532,229 | 39,959 | |||
1 | iStar Inc. | 1,652,651 | 38,689 | |||
Westamerica Bancorp | 635,958 | 38,475 | ||||
Mercury General Corp. | 692,564 | 38,091 | ||||
NBT Bancorp Inc. | 1,026,621 | 37,092 | ||||
PennyMac Financial Services Inc. | 694,375 | 36,941 | ||||
* | Encore Capital Group Inc. | 584,493 | 36,665 | |||
ProAssurance Corp. | 1,340,329 | 36,028 | ||||
Goosehead Insurance Inc. Class A | 455,875 | 35,818 | ||||
Capitol Federal Financial Inc. | 3,286,608 | 35,758 | ||||
BGC Partners Inc. Class A | 7,932,972 | 34,905 | ||||
Ladder Capital Corp. | 2,914,468 | 34,595 | ||||
First Commonwealth Financial Corp. | 2,276,224 | 34,508 | ||||
Argo Group International Holdings Ltd. | 829,251 | 34,231 | ||||
* | LendingTree Inc. | 284,300 | 34,022 | |||
BancFirst Corp. | 407,754 | 33,929 | ||||
Compass Diversified Holdings | 1,389,801 | 33,036 | ||||
OFG Bancorp | 1,236,981 | 32,953 | ||||
Safety Insurance Group Inc. | 350,733 | 31,864 | ||||
Berkshire Hills Bancorp Inc. | 1,089,194 | 31,554 | ||||
*,1 | Oscar Health Inc. Class A | 3,083,487 | 30,742 | |||
Redwood Trust Inc. | 2,855,593 | 30,069 | ||||
Brookline Bancorp Inc. | 1,836,470 | 29,053 | ||||
National Bank Holdings Corp. Class A | 711,315 | 28,652 |
Shares | Market Value ($000) | |||||
* | Triumph Bancorp Inc. | 299,618 | 28,170 | |||
City Holding Co. | 353,932 | 27,854 | ||||
S&T Bancorp Inc. | 923,371 | 27,313 | ||||
Broadmark Realty Capital Inc. | 3,116,411 | 26,957 | ||||
Employers Holdings Inc. | 655,061 | 26,871 | ||||
* | TPG Inc. Class A | 887,226 | 26,741 | |||
Nelnet Inc. Class A | 312,828 | 26,587 | ||||
*,1 | Lemonade Inc. | 928,107 | 24,474 | |||
Tompkins Financial Corp. | 311,274 | 24,363 | ||||
TFS Financial Corp. | 1,442,228 | 23,941 | ||||
Heartland Financial USA Inc. | 481,427 | 23,027 | ||||
* | Blucora Inc. | 1,170,262 | 22,879 | |||
BrightSpire Capital Inc. Class A | 2,326,616 | 21,521 | ||||
KKR Real Estate Finance Trust Inc. | 1,033,969 | 21,310 | ||||
Kearny Financial Corp. | 1,638,752 | 21,107 | ||||
Live Oak Bancshares Inc. | 404,464 | 20,583 | ||||
1 | ARMOUR Residential REIT Inc. | 2,436,677 | 20,468 | |||
* | Columbia Financial Inc. | 951,121 | 20,459 | |||
* | World Acceptance Corp. | 105,511 | 20,241 | |||
Arbor Realty Trust Inc. | 1,181,741 | 20,161 | ||||
* | Palomar Holdings Inc. | 303,302 | 19,408 | |||
Central Pacific Financial Corp. | 673,746 | 18,798 | ||||
Invesco Mortgage Capital Inc. | 8,210,664 | 18,720 | ||||
TPG RE Finance Trust Inc. | 1,573,453 | 18,582 | ||||
United Fire Group Inc. | 594,051 | 18,457 | ||||
WisdomTree Investments Inc. | 3,116,731 | 18,295 | ||||
PJT Partners Inc. Class A | 275,444 | 17,386 | ||||
* | SiriusPoint Ltd. | 2,252,842 | 16,851 | |||
*,1 | Clearwater Analytics Holdings Inc. Class A | 776,660 | 16,310 | |||
Northfield Bancorp Inc. | 1,082,860 | 15,550 | ||||
* | Franklin BSP Realty Trust Inc. | 1,095,480 | 15,315 | |||
* | BRP Group Inc. Class A | 496,942 | 13,333 | |||
* | Ambac Financial Group Inc. | 1,171,583 | 12,184 | |||
* | AssetMark Financial Holdings Inc. | 463,230 | 10,307 | |||
National Western Life Group Inc. Class A | 48,041 | 10,108 | ||||
GCM Grosvenor Inc. Class A | 947,420 | 9,199 | ||||
Victory Capital Holdings Inc. Class A | 296,819 | 8,569 | ||||
Granite Point Mortgage Trust Inc. | 690,989 | 7,684 | ||||
* | P10 Inc. Class A | 507,399 | 6,150 | |||
1 | UWM Holdings Corp. Class A | 1,125,113 | 5,097 | |||
*,1 | Hagerty Inc. Class A | 326,744 | 3,526 | |||
*,1 | Bakkt Holdings Inc. | 515,615 | 3,176 | |||
loanDepot Inc. Class A | 728,828 | 3,025 | ||||
*,1 | Root Inc. Class A | 1,444,312 | 2,845 | |||
Associated Capital Group Inc. Class A | 50,809 | 2,129 | ||||
*,1 | Romeo Power Inc. | 1,114,811 | 1,661 | |||
*,1 | GoHealth Inc. Class A | 729,536 | 861 | |||
Goldman Sachs Group Inc. | 1 | — | ||||
19,692,729 | ||||||
Health Care (10.9%) | ||||||
* | Molina Healthcare Inc. | 1,463,351 | 488,159 | |||
Bio-Techne Corp. | 984,171 | 426,185 | ||||
* | Repligen Corp. | 1,316,818 | 247,680 | |||
* | Tenet Healthcare Corp. | 2,692,006 | 231,405 | |||
* | Jazz Pharmaceuticals plc | 1,463,125 | 227,765 | |||
* | Neurocrine Biosciences Inc. | 2,388,013 | 223,876 | |||
Organon & Co. | 6,353,158 | 221,916 | ||||
* | Syneos Health Inc. | 2,611,153 | 211,373 |
Shares | Market Value ($000) | |||||
* | Penumbra Inc. | 896,421 | 199,122 | |||
* | Envista Holdings Corp. | 4,054,063 | 197,473 | |||
Chemed Corp. | 385,904 | 195,480 | ||||
* | Tandem Diabetes Care Inc. | 1,601,406 | 186,228 | |||
* | Novocure Ltd. | 2,224,986 | 184,340 | |||
* | Masimo Corp. | 1,248,186 | 181,661 | |||
* | Exelixis Inc. | 8,007,593 | 181,532 | |||
* | United Therapeutics Corp. | 1,010,669 | 181,324 | |||
* | Charles River Laboratories International Inc. | 632,253 | 179,541 | |||
Encompass Health Corp. | 2,494,933 | 177,415 | ||||
* | Shockwave Medical Inc. | 840,916 | 174,372 | |||
Bruker Corp. | 2,659,062 | 170,978 | ||||
* | Inspire Medical Systems Inc. | 655,556 | 168,275 | |||
* | Sarepta Therapeutics Inc. | 2,073,779 | 162,004 | |||
* | Guardant Health Inc. | 2,425,752 | 160,682 | |||
* | Acadia Healthcare Co. Inc. | 2,254,719 | 147,752 | |||
* | Globus Medical Inc. Class A | 1,983,139 | 146,316 | |||
* | Omnicell Inc. | 1,101,378 | 142,617 | |||
* | HealthEquity Inc. | 2,096,517 | 141,389 | |||
* | Amedisys Inc. | 815,426 | 140,490 | |||
*,1 | Novavax Inc. | 1,895,685 | 139,617 | |||
* | Halozyme Therapeutics Inc. | 3,452,526 | 137,687 | |||
Perrigo Co. plc | 3,351,154 | 128,785 | ||||
* | Intra-Cellular Therapies Inc. | 2,083,131 | 127,467 | |||
* | LHC Group Inc. | 754,331 | 127,180 | |||
* | ICU Medical Inc. | 564,772 | 125,741 | |||
* | Intellia Therapeutics Inc. | 1,685,083 | 122,455 | |||
* | Ultragenyx Pharmaceutical Inc. | 1,651,328 | 119,919 | |||
Ensign Group Inc. | 1,310,501 | 117,958 | ||||
* | Medpace Holdings Inc. | 706,496 | 115,576 | |||
* | Arrowhead Pharmaceuticals Inc. | 2,510,562 | 115,461 | |||
* | Integra LifeSciences Holdings Corp. | 1,773,281 | 113,951 | |||
* | Apellis Pharmaceuticals Inc. | 2,241,106 | 113,871 | |||
* | Ionis Pharmaceuticals Inc. | 3,008,334 | 111,429 | |||
* | iRhythm Technologies Inc. | 701,178 | 110,414 | |||
* | Doximity Inc. Class A | 2,111,990 | 110,014 | |||
CONMED Corp. | 737,773 | 109,596 | ||||
* | Alkermes plc | 4,061,582 | 106,860 | |||
* | Option Care Health Inc. | 3,606,121 | 102,991 | |||
* | Mirati Therapeutics Inc. | 1,245,098 | 102,372 | |||
Premier Inc. Class A | 2,834,553 | 100,882 | ||||
* | Quidel Corp. | 890,235 | 100,116 | |||
* | Maravai LifeSciences Holdings Inc. Class A | 2,801,821 | 98,820 | |||
* | STAAR Surgical Co. | 1,197,334 | 95,679 | |||
* | Blueprint Medicines Corp. | 1,483,301 | 94,753 | |||
* | R1 RCM Inc. | 3,489,996 | 93,392 | |||
* | Inari Medical Inc. | 989,533 | 89,691 | |||
* | Merit Medical Systems Inc. | 1,342,857 | 89,327 | |||
* | Progyny Inc. | 1,715,008 | 88,151 | |||
* | Natera Inc. | 2,153,298 | 87,596 | |||
* | Neogen Corp. | 2,700,601 | 83,287 | |||
* | Haemonetics Corp. | 1,281,863 | 81,039 | |||
* | Pacira BioSciences Inc. | 1,059,564 | 80,866 | |||
* | 10X Genomics Inc. Class A | 1,052,237 | 80,044 | |||
Owens & Minor Inc. | 1,799,379 | 79,209 | ||||
* | Fate Therapeutics Inc. | 2,033,243 | 78,829 | |||
* | NuVasive Inc. | 1,297,317 | 73,558 | |||
* | Cytokinetics Inc. | 1,997,857 | 73,541 |
Shares | Market Value ($000) | |||||
* | Beam Therapeutics Inc. | 1,280,829 | 73,392 | |||
* | ACADIA Pharmaceuticals Inc. | 3,022,694 | 73,210 | |||
* | Oak Street Health Inc. | 2,718,465 | 73,072 | |||
* | AtriCure Inc. | 1,095,405 | 71,935 | |||
* | Arvinas Inc. | 1,060,647 | 71,382 | |||
Patterson Cos. Inc. | 2,199,545 | 71,199 | ||||
* | Karuna Therapeutics Inc. | 559,866 | 70,985 | |||
* | Insmed Inc. | 2,977,421 | 69,969 | |||
* | Denali Therapeutics Inc. | 2,140,868 | 68,872 | |||
* | Integer Holdings Corp. | 827,624 | 66,682 | |||
* | PTC Therapeutics Inc. | 1,787,025 | 66,674 | |||
* | Prestige Consumer Healthcare Inc. | 1,257,328 | 66,563 | |||
* | Amicus Therapeutics Inc. | 7,017,006 | 66,451 | |||
* | Evolent Health Inc. Class A | 2,050,437 | 66,229 | |||
* | Glaukos Corp. | 1,118,946 | 64,697 | |||
Select Medical Holdings Corp. | 2,682,196 | 64,346 | ||||
* | Twist Bioscience Corp. | 1,261,501 | 62,293 | |||
* | Nevro Corp. | 833,903 | 60,316 | |||
* | Certara Inc. | 2,760,483 | 59,295 | |||
* | Global Blood Therapeutics Inc. | 1,623,805 | 56,249 | |||
* | Iovance Biotherapeutics Inc. | 3,339,848 | 55,608 | |||
* | Surgery Partners Inc. | 1,008,398 | 55,512 | |||
* | Ortho Clinical Diagnostics Holdings plc | 2,967,790 | 55,379 | |||
* | Outset Medical Inc. | 1,188,834 | 53,973 | |||
* | Sotera Health Co. | 2,482,878 | 53,779 | |||
*,1 | Warby Parker Inc. Class A | 1,532,763 | 51,823 | |||
*,1 | Corcept Therapeutics Inc. | 2,256,047 | 50,806 | |||
* | Vir Biotechnology Inc. | 1,968,248 | 50,623 | |||
* | Veracyte Inc. | 1,778,719 | 49,039 | |||
* | Relay Therapeutics Inc. | 1,622,049 | 48,548 | |||
* | MEDNAX Inc. | 2,055,906 | 48,273 | |||
* | Myriad Genetics Inc. | 1,897,067 | 47,806 | |||
* | Pacific Biosciences of California Inc. | 5,249,220 | 47,768 | |||
* | Emergent BioSolutions Inc. | 1,144,193 | 46,981 | |||
* | SpringWorks Therapeutics Inc. | 803,057 | 45,325 | |||
* | Cerevel Therapeutics Holdings Inc. | 1,291,439 | 45,213 | |||
* | Ligand Pharmaceuticals Inc. | 397,360 | 44,699 | |||
* | Lantheus Holdings Inc. | 808,045 | 44,693 | |||
* | Adaptive Biotechnologies Corp. | 3,193,513 | 44,326 | |||
* | CareDx Inc. | 1,196,856 | 44,272 | |||
* | Apollo Medical Holdings Inc. | 902,664 | 43,752 | |||
* | Invitae Corp. | 5,384,269 | 42,913 | |||
* | 1Life Healthcare Inc. | 3,862,133 | 42,792 | |||
* | Ironwood Pharmaceuticals Inc. Class A | 3,397,075 | 42,735 | |||
* | REVOLUTION Medicines Inc. | 1,659,196 | 42,326 | |||
* | Sage Therapeutics Inc. | 1,256,430 | 41,588 | |||
*,1 | Multiplan Corp. | 8,795,131 | 41,161 | |||
* | CorVel Corp. | 242,597 | 40,863 | |||
* | Supernus Pharmaceuticals Inc. | 1,264,068 | 40,855 | |||
* | Agios Pharmaceuticals Inc. | 1,374,043 | 39,998 | |||
* | Xencor Inc. | 1,491,874 | 39,803 | |||
* | Avanos Medical Inc. | 1,182,170 | 39,603 | |||
* | Zentalis Pharmaceuticals Inc. | 856,841 | 39,535 | |||
* | BioCryst Pharmaceuticals Inc. | 2,250,592 | 36,595 | |||
* | NeoGenomics Inc. | 2,928,861 | 35,586 | |||
* | ChemoCentryx Inc. | 1,402,941 | 35,172 | |||
Healthcare Services Group Inc. | 1,849,879 | 34,352 | ||||
* | Tivity Health Inc. | 1,054,790 | 33,933 |
Shares | Market Value ($000) | |||||
* | Editas Medicine Inc. | 1,718,946 | 32,694 | |||
* | Silk Road Medical Inc. | 788,406 | 32,553 | |||
*,1 | OPKO Health Inc. | 9,390,953 | 32,305 | |||
* | Harmony Biosciences Holdings Inc. | 661,733 | 32,193 | |||
* | Madrigal Pharmaceuticals Inc. | 320,336 | 31,431 | |||
* | Brookdale Senior Living Inc. | 4,406,793 | 31,068 | |||
* | TG Therapeutics Inc. | 3,226,884 | 30,688 | |||
* | Innoviva Inc. | 1,566,174 | 30,305 | |||
* | REGENXBIO Inc. | 910,388 | 30,216 | |||
* | Kymera Therapeutics Inc. | 710,581 | 30,072 | |||
* | Axsome Therapeutics Inc. | 708,904 | 29,342 | |||
* | AdaptHealth Corp. Class A | 1,820,593 | 29,184 | |||
* | Health Catalyst Inc. | 1,114,878 | 29,132 | |||
* | Privia Health Group Inc. | 1,065,253 | 28,474 | |||
* | Meridian Bioscience Inc. | 1,095,150 | 28,430 | |||
* | NextGen Healthcare Inc. | 1,340,481 | 28,029 | |||
* | Axonics Inc. | 434,637 | 27,208 | |||
* | Turning Point Therapeutics Inc. | 989,590 | 26,570 | |||
*,1 | Clover Health Investments Corp. Class A | 7,476,142 | 26,540 | |||
*,1 | Bridgebio Pharma Inc. | 2,588,414 | 26,272 | |||
* | Vaxcyte Inc. | 1,044,519 | 25,225 | |||
* | FibroGen Inc. | 2,094,260 | 25,173 | |||
* | Nektar Therapeutics | 4,633,464 | 24,974 | |||
* | Accolade Inc. | 1,344,402 | 23,608 | |||
* | Reata Pharmaceuticals Inc. Class A | 674,420 | 22,094 | |||
National HealthCare Corp. | 312,743 | 21,964 | ||||
* | Cytek Biosciences Inc. | 2,005,306 | 21,617 | |||
*,1 | Cano Health Inc. | 3,387,138 | 21,508 | |||
* | Varex Imaging Corp. | 996,234 | 21,210 | |||
* | Alignment Healthcare Inc. | 1,887,099 | 21,192 | |||
* | NanoString Technologies Inc. | 572,802 | 19,905 | |||
* | Arcus Biosciences Inc. | 624,104 | 19,697 | |||
* | American Well Corp. Class A | 4,578,023 | 19,273 | |||
*,1 | 23andMe Holding Co. | 4,999,114 | 19,147 | |||
* | Alector Inc. | 1,331,664 | 18,976 | |||
*,1 | LifeStance Health Group Inc. | 1,865,016 | 18,855 | |||
* | Nuvation Bio Inc. | 3,533,791 | 18,588 | |||
*,1 | Seer Inc. Class A | 1,215,304 | 18,521 | |||
*,1 | Sana Biotechnology Inc. | 2,133,380 | 17,622 | |||
* | Inogen Inc. | 541,248 | 17,547 | |||
*,1 | Butterfly Network Inc. | 3,634,661 | 17,301 | |||
* | Pulmonx Corp. | 696,193 | 17,273 | |||
* | Agiliti Inc. | 818,598 | 17,272 | |||
* | PMV Pharmaceuticals Inc. | 798,113 | 16,617 | |||
* | GoodRx Holdings Inc. Class A | 853,272 | 16,494 | |||
* | Allogene Therapeutics Inc. | 1,793,413 | 16,338 | |||
* | Orthofix Medical Inc. | 476,333 | 15,576 | |||
* | Definitive Healthcare Corp. Class A | 620,449 | 15,294 | |||
* | Phreesia Inc. | 577,631 | 15,226 | |||
* | Verve Therapeutics Inc. | 661,262 | 15,090 | |||
*,1 | Heron Therapeutics Inc. | 2,565,526 | 14,675 | |||
*,1 | Recursion Pharmaceuticals Inc. Class A | 2,011,986 | 14,406 | |||
* | Theravance Biopharma Inc. | 1,490,410 | 14,248 | |||
* | Amneal Pharmaceuticals Inc. | 3,360,322 | 14,013 | |||
* | Instil Bio Inc. | 1,302,302 | 14,000 | |||
* | Treace Medical Concepts Inc. | 732,433 | 13,850 | |||
*,1 | Lyell Immunopharma Inc. | 2,691,009 | 13,590 | |||
* | Gossamer Bio Inc. | 1,553,971 | 13,488 |
Shares | Market Value ($000) | |||||
*,1 | Hims & Hers Health Inc. | 2,442,356 | 13,018 | |||
*,1 | Monte Rosa Therapeutics Inc. | 926,752 | 12,993 | |||
*,1 | Erasca Inc. | 1,507,713 | 12,966 | |||
* | Endo International plc | 5,599,384 | 12,935 | |||
* | Atea Pharmaceuticals Inc. | 1,778,803 | 12,843 | |||
* | HealthStream Inc. | 640,605 | 12,761 | |||
* | AnaptysBio Inc. | 486,915 | 12,046 | |||
* | NGM Biopharmaceuticals Inc. | 787,920 | 12,016 | |||
* | Signify Health Inc. Class A | 641,338 | 11,640 | |||
* | Natus Medical Inc. | 432,656 | 11,370 | |||
*,1 | ImmunityBio Inc. | 2,016,756 | 11,314 | |||
* | Stoke Therapeutics Inc. | 510,943 | 10,755 | |||
Phibro Animal Health Corp. Class A | 519,690 | 10,368 | ||||
* | Atara Biotherapeutics Inc. | 1,069,788 | 9,938 | |||
* | Praxis Precision Medicines Inc. | 909,508 | 9,286 | |||
*,1 | Day One Biopharmaceuticals Inc. | 925,522 | 9,181 | |||
* | Rocket Pharmaceuticals Inc. | 574,140 | 9,106 | |||
*,1 | Design Therapeutics Inc. | 558,624 | 9,022 | |||
*,1 | Ginkgo Bioworks Holdings Inc. | 2,207,077 | 8,895 | |||
* | Sangamo Therapeutics Inc. | 1,521,578 | 8,840 | |||
*,1 | Absci Corp. | 1,035,703 | 8,731 | |||
* | ALX Oncology Holdings Inc. | 459,446 | 7,765 | |||
* | Kiniksa Pharmaceuticals Ltd. Class A | 772,584 | 7,679 | |||
* | Phathom Pharmaceuticals Inc. | 561,928 | 7,648 | |||
*,1 | Adagio Therapeutics Inc. | 1,667,925 | 7,606 | |||
*,1 | SmileDirectClub Inc. Class A | 2,730,482 | 7,072 | |||
*,1 | Cullinan Oncology Inc. | 669,729 | 7,012 | |||
*,1 | Nuvalent Inc. Class A | 477,923 | 6,638 | |||
*,1 | P3 Health Partners Inc. | 788,718 | 6,168 | |||
* | Pennant Group Inc. | 319,654 | 5,955 | |||
*,1 | PROCEPT BioRobotics Corp. | 165,913 | 5,805 | |||
* | Immunovant Inc. | 1,035,188 | 5,704 | |||
*,1 | Allovir Inc. | 744,502 | 5,025 | |||
* | Radius Health Inc. | 552,647 | 4,880 | |||
* | Berkeley Lights Inc. | 619,480 | 4,405 | |||
* | Bluebird Bio Inc. | 846,836 | 4,107 | |||
* | Generation Bio Co. | 553,651 | 4,064 | |||
* | Aveanna Healthcare Holdings Inc. | 1,182,234 | 4,031 | |||
*,1 | Amylyx Pharmaceuticals Inc. | 281,651 | 3,619 | |||
* | Forma Therapeutics Holdings Inc. | 363,442 | 3,380 | |||
*,1 | Innovage Holding Corp. | 517,590 | 3,323 | |||
* | Kronos Bio Inc. | 435,961 | 3,152 | |||
* | Kodiak Sciences Inc. | 374,175 | 2,889 | |||
* | Kinnate Biopharma Inc. | 256,229 | 2,885 | |||
*,1 | Singular Genomics Systems Inc. | 440,783 | 2,781 | |||
* | Allakos Inc. | 441,266 | 2,515 | |||
* | Precigen Inc. | 1,118,438 | 2,360 | |||
* | BioAtla Inc. | 302,390 | 1,512 | |||
*,1 | Prelude Therapeutics Inc. | 178,819 | 1,234 | |||
*,1 | Cue Health Inc. | 34,129 | 220 | |||
*,1,2 | Zogenix Inc. CVR | 215,490 | 147 | |||
*,1,2 | Synergy Pharmaceuticals LLC | 2,001,166 | — | |||
14,313,051 | ||||||
Industrials (18.7%) | ||||||
Quanta Services Inc. | 3,570,877 | 469,963 | ||||
IDEX Corp. | 1,907,344 | 365,695 | ||||
Howmet Aerospace Inc. | 9,449,545 | 339,617 | ||||
Carlisle Cos. Inc. | 1,305,626 | 321,080 |
Shares | Market Value ($000) | |||||
* | Builders FirstSource Inc. | 4,799,723 | 309,774 | |||
* | Fair Isaac Corp. | 658,493 | 307,161 | |||
Robert Half International Inc. | 2,634,303 | 300,785 | ||||
Nordson Corp. | 1,312,165 | 297,966 | ||||
Graco Inc. | 4,266,827 | 297,483 | ||||
Booz Allen Hamilton Holding Corp. | 3,339,409 | 293,334 | ||||
* | AECOM | 3,542,764 | 272,120 | |||
RPM International Inc. | 3,249,679 | 264,654 | ||||
Regal Rexnord Corp. | 1,698,414 | 252,690 | ||||
Watsco Inc. | 827,317 | 252,034 | ||||
Sealed Air Corp. | 3,713,925 | 248,684 | ||||
Allegion plc | 2,211,409 | 242,768 | ||||
* | Middleby Corp. | 1,393,861 | 228,510 | |||
Owens Corning | 2,484,847 | 227,364 | ||||
Toro Co. | 2,628,889 | 224,744 | ||||
* | Axon Enterprise Inc. | 1,629,606 | 224,446 | |||
Pentair plc | 4,137,233 | 224,279 | ||||
Tetra Tech Inc. | 1,353,953 | 223,321 | ||||
AGCO Corp. | 1,500,182 | 219,072 | ||||
* | WillScot Mobile Mini Holdings Corp. | 5,593,228 | 218,863 | |||
Lennox International Inc. | 826,342 | 213,081 | ||||
A O Smith Corp. | 3,293,260 | 210,406 | ||||
MKS Instruments Inc. | 1,389,467 | 208,420 | ||||
Lincoln Electric Holdings Inc. | 1,472,270 | 202,894 | ||||
Genpact Ltd. | 4,644,906 | 202,100 | ||||
* | Sensata Technologies Holding plc | 3,953,775 | 201,049 | |||
* | WEX Inc. | 1,123,770 | 200,537 | |||
Huntington Ingalls Industries Inc. | 1,002,708 | 199,980 | ||||
* | Paylocity Holding Corp. | 966,217 | 198,818 | |||
* | Berry Global Group Inc. | 3,386,701 | 196,293 | |||
AptarGroup Inc. | 1,642,881 | 193,039 | ||||
Knight-Swift Transportation Holdings Inc. Class A | 3,745,908 | 189,019 | ||||
* | Trex Co. Inc. | 2,884,150 | 188,422 | |||
* | XPO Logistics Inc. | 2,587,911 | 188,400 | |||
Woodward Inc. | 1,502,181 | 187,637 | ||||
Western Union Co. | 9,868,484 | 184,935 | ||||
* | GXO Logistics Inc. | 2,586,968 | 184,554 | |||
Advanced Drainage Systems Inc. | 1,531,682 | 181,979 | ||||
Jack Henry & Associates Inc. | 912,021 | 179,714 | ||||
* | Coherent Inc. | 620,974 | 169,749 | |||
Oshkosh Corp. | 1,673,951 | 168,483 | ||||
Acuity Brands Inc. | 877,424 | 166,096 | ||||
* | WESCO International Inc. | 1,263,296 | 164,405 | |||
* | Saia Inc. | 661,264 | 161,229 | |||
ITT Inc. | 2,137,090 | 160,731 | ||||
Donaldson Co. Inc. | 3,094,533 | 160,699 | ||||
Cognex Corp. | 2,069,172 | 159,637 | ||||
* | Euronet Worldwide Inc. | 1,217,527 | 158,461 | |||
* | Chart Industries Inc. | 917,687 | 157,631 | |||
Brunswick Corp. | 1,918,015 | 155,148 | ||||
Graphic Packaging Holding Co. | 7,702,806 | 154,364 | ||||
Littelfuse Inc. | 618,886 | 154,356 | ||||
Sonoco Products Co. | 2,466,165 | 154,283 | ||||
* | TopBuild Corp. | 825,465 | 149,731 | |||
EMCOR Group Inc. | 1,320,506 | 148,729 | ||||
nVent Electric plc | 4,217,770 | 146,694 | ||||
* | ASGN Inc. | 1,240,934 | 144,829 | |||
Curtiss-Wright Corp. | 963,836 | 144,730 |
Shares | Market Value ($000) | |||||
Exponent Inc. | 1,306,366 | 141,153 | ||||
Landstar System Inc. | 933,046 | 140,731 | ||||
* | Axalta Coating Systems Ltd. | 5,626,238 | 138,293 | |||
* | Colfax Corp. | 3,435,293 | 136,690 | |||
MDU Resources Group Inc. | 5,099,694 | 135,907 | ||||
Crane Co. | 1,251,250 | 135,485 | ||||
* | FTI Consulting Inc. | 860,431 | 135,277 | |||
Louisiana-Pacific Corp. | 2,150,077 | 133,563 | ||||
* | MasTec Inc. | 1,532,833 | 133,510 | |||
Spirit AeroSystems Holdings Inc. Class A | 2,634,255 | 128,789 | ||||
Matson Inc. | 1,053,998 | 127,133 | ||||
Eagle Materials Inc. | 990,089 | 127,088 | ||||
ManpowerGroup Inc. | 1,344,975 | 126,320 | ||||
Hubbell Inc. Class B | 682,030 | 125,337 | ||||
MSA Safety Inc. | 934,972 | 124,071 | ||||
BWX Technologies Inc. | 2,292,775 | 123,489 | ||||
* | AMN Healthcare Services Inc. | 1,169,295 | 121,993 | |||
Air Lease Corp. Class A | 2,716,297 | 121,283 | ||||
Valmont Industries Inc. | 506,361 | 120,818 | ||||
Simpson Manufacturing Co. Inc. | 1,088,897 | 118,733 | ||||
Flowserve Corp. | 3,269,797 | 117,386 | ||||
Maximus Inc. | 1,552,744 | 116,378 | ||||
Triton International Ltd. | 1,637,198 | 114,899 | ||||
* | ExlService Holdings Inc. | 793,333 | 113,661 | |||
* | Atkore Inc. | 1,124,795 | 110,725 | |||
GATX Corp. | 887,561 | 109,463 | ||||
* | Kirby Corp. | 1,509,214 | 108,950 | |||
Armstrong World Industries Inc. | 1,180,737 | 106,278 | ||||
Zurn Water Solutions Corp. | 2,994,497 | 106,005 | ||||
* | Herc Holdings Inc. | 633,080 | 105,781 | |||
Vontier Corp. | 4,041,769 | 102,621 | ||||
Ryder System Inc. | 1,281,442 | 101,657 | ||||
* | Fluor Corp. | 3,542,903 | 101,646 | |||
Applied Industrial Technologies Inc. | 963,977 | 98,962 | ||||
Watts Water Technologies Inc. Class A | 691,608 | 96,542 | ||||
Allison Transmission Holdings Inc. | 2,455,028 | 96,384 | ||||
Silgan Holdings Inc. | 2,076,971 | 96,018 | ||||
MSC Industrial Direct Co. Inc. Class A | 1,123,376 | 95,723 | ||||
John Bean Technologies Corp. | 795,952 | 94,296 | ||||
* | Summit Materials Inc. Class A | 2,973,443 | 92,355 | |||
* | TriNet Group Inc. | 936,208 | 92,085 | |||
Insperity Inc. | 913,563 | 91,740 | ||||
* | API Group Corp. | 4,359,252 | 91,675 | |||
SPX FLOW Inc. | 1,054,482 | 90,917 | ||||
* | ACI Worldwide Inc. | 2,883,759 | 90,810 | |||
Korn Ferry | 1,364,628 | 88,619 | ||||
HB Fuller Co. | 1,330,191 | 87,886 | ||||
* | Mercury Systems Inc. | 1,351,617 | 87,112 | |||
* | Resideo Technologies Inc. | 3,631,689 | 86,543 | |||
* | Allegheny Technologies Inc. | 3,191,724 | 85,666 | |||
Brink's Co. | 1,233,382 | 83,870 | ||||
* | Beacon Roofing Supply Inc. | 1,412,669 | 83,743 | |||
Franklin Electric Co. Inc. | 990,052 | 82,214 | ||||
* | Mohawk Industries Inc. | 651,601 | 80,929 | |||
* | Bloom Energy Corp. Class A | 3,334,685 | 80,533 | |||
ABM Industries Inc. | 1,691,819 | 77,891 | ||||
EnerSys | 1,034,204 | 77,121 | ||||
Comfort Systems USA Inc. | 857,015 | 76,283 |
Shares | Market Value ($000) | |||||
* | Welbilt Inc. | 3,209,747 | 76,232 | |||
* | Shift4 Payments Inc. Class A | 1,225,572 | 75,900 | |||
Aerojet Rocketdyne Holdings Inc. | 1,920,161 | 75,558 | ||||
EVERTEC Inc. | 1,805,818 | 73,912 | ||||
Badger Meter Inc. | 732,509 | 73,038 | ||||
Hillenbrand Inc. | 1,641,892 | 72,522 | ||||
Trinity Industries Inc. | 2,087,781 | 71,736 | ||||
UniFirst Corp. | 381,468 | 70,297 | ||||
* | Alight Inc. Class A | 6,974,383 | 69,395 | |||
* | Dycom Industries Inc. | 718,111 | 68,407 | |||
Maxar Technologies Inc. | 1,730,979 | 68,304 | ||||
Albany International Corp. Class A | 803,326 | 67,736 | ||||
* | AZEK Co. Inc. Class A | 2,716,096 | 67,468 | |||
Bread Financial Holdings Inc. | 1,186,920 | 66,646 | ||||
Forward Air Corp. | 674,928 | 65,994 | ||||
Otter Tail Corp. | 1,043,415 | 65,213 | ||||
Moog Inc. Class A | 730,658 | 64,152 | ||||
* | Kratos Defense & Security Solutions Inc. | 3,123,092 | 63,961 | |||
Altra Industrial Motion Corp. | 1,626,644 | 63,325 | ||||
* | Atlas Air Worldwide Holdings Inc. | 732,589 | 63,274 | |||
* | Meritor Inc. | 1,775,636 | 63,159 | |||
Belden Inc. | 1,127,367 | 62,456 | ||||
* | Hub Group Inc. Class A | 806,365 | 62,259 | |||
* | Air Transport Services Group Inc. | 1,857,933 | 62,148 | |||
* | Verra Mobility Corp. Class A | 3,716,560 | 60,506 | |||
Installed Building Products Inc. | 708,357 | 59,849 | ||||
ManTech International Corp. Class A | 692,050 | 59,648 | ||||
Kennametal Inc. | 2,084,468 | 59,637 | ||||
* | Itron Inc. | 1,131,973 | 59,632 | |||
Werner Enterprises Inc. | 1,448,102 | 59,372 | ||||
Terex Corp. | 1,659,707 | 59,185 | ||||
Helios Technologies Inc. | 729,997 | 58,582 | ||||
AAON Inc. | 1,050,629 | 58,552 | ||||
* | AeroVironment Inc. | 590,597 | 55,599 | |||
*,1 | Nikola Corp. | 5,189,076 | 55,575 | |||
Encore Wire Corp. | 482,253 | 55,011 | ||||
*,1 | Rocket Lab USA Inc. | 6,772,768 | 54,521 | |||
* | SPX Corp. | 1,079,720 | 53,349 | |||
Brady Corp. Class A | 1,147,804 | 53,109 | ||||
* | Masonite International Corp. | 581,835 | 51,748 | |||
McGrath RentCorp | 608,143 | 51,680 | ||||
* | O-I Glass Inc. | 3,895,720 | 51,346 | |||
* | GMS Inc. | 1,024,664 | 50,998 | |||
Mueller Water Products Inc. Class A | 3,935,218 | 50,843 | ||||
EnPro Industries Inc. | 516,278 | 50,456 | ||||
* | Flywire Corp. | 1,607,233 | 49,149 | |||
ArcBest Corp. | 607,992 | 48,943 | ||||
Barnes Group Inc. | 1,203,343 | 48,362 | ||||
*,1 | Virgin Galactic Holdings Inc. | 4,852,464 | 47,942 | |||
ESCO Technologies Inc. | 651,110 | 45,526 | ||||
* | JELD-WEN Holding Inc. | 2,138,699 | 43,373 | |||
Lindsay Corp. | 274,198 | 43,052 | ||||
* | Ferro Corp. | 1,968,037 | 42,785 | |||
Greif Inc. Class A | 631,383 | 41,078 | ||||
* | AAR Corp. | 843,126 | 40,833 | |||
ADT Inc. | 5,279,870 | 40,074 | ||||
Greenbrier Cos. Inc. | 774,012 | 39,869 | ||||
* | Vicor Corp. | 561,495 | 39,613 |
Shares | Market Value ($000) | |||||
*,1 | TuSimple Holdings Inc. Class A | 3,233,078 | 39,444 | |||
TTEC Holdings Inc. | 469,463 | 38,740 | ||||
* | Hayward Holdings Inc. | 2,325,880 | 38,656 | |||
* | Gates Industrial Corp. plc | 2,551,407 | 38,424 | |||
Granite Construction Inc. | 1,146,230 | 37,596 | ||||
*,1 | Proterra Inc. | 4,909,264 | 36,918 | |||
* | Proto Labs Inc. | 687,090 | 36,347 | |||
* | OSI Systems Inc. | 421,233 | 35,855 | |||
* | Green Dot Corp. Class A | 1,299,027 | 35,697 | |||
Kforce Inc. | 478,815 | 35,418 | ||||
Tennant Co. | 438,909 | 34,586 | ||||
* | TriMas Corp. | 1,062,481 | 34,095 | |||
* | Payoneer Global Inc. | 7,633,856 | 34,047 | |||
H&E Equipment Services Inc. | 763,312 | 33,219 | ||||
Enerpac Tool Group Corp. Class A | 1,516,726 | 33,201 | ||||
Schneider National Inc. Class B | 1,301,952 | 33,200 | ||||
* | CoreCivic Inc. | 2,965,712 | 33,127 | |||
Deluxe Corp. | 1,057,969 | 31,993 | ||||
*,1 | Legalzoom.com Inc. | 2,216,012 | 31,334 | |||
* | Hillman Solutions Corp. | 2,578,010 | 30,627 | |||
Primoris Services Corp. | 1,276,576 | 30,408 | ||||
* | Core & Main Inc. Class A | 1,256,610 | 30,397 | |||
Standex International Corp. | 303,224 | 30,298 | ||||
Kaman Corp. | 692,053 | 30,090 | ||||
AZZ Inc. | 585,003 | 28,221 | ||||
Apogee Enterprises Inc. | 591,585 | 28,077 | ||||
* | ZipRecruiter Inc. Class A | 1,188,689 | 27,316 | |||
* | First Advantage Corp. | 1,336,821 | 26,990 | |||
* | Evo Payments Inc. Class A | 1,168,541 | 26,982 | |||
* | TaskUS Inc. Class A | 684,698 | 26,333 | |||
*,1 | Desktop Metal Inc. Class A | 5,424,428 | 25,712 | |||
Griffon Corp. | 1,262,729 | 25,292 | ||||
* | Cimpress plc | 393,436 | 25,019 | |||
* | Huron Consulting Group Inc. | 539,353 | 24,708 | |||
* | TrueBlue Inc. | 824,689 | 23,825 | |||
Astec Industries Inc. | 543,407 | 23,367 | ||||
* | FARO Technologies Inc. | 449,385 | 23,332 | |||
* | Marqeta Inc. Class A | 2,031,805 | 22,431 | |||
* | CryoPort Inc. | 615,111 | 21,474 | |||
Pitney Bowes Inc. | 4,081,843 | 21,226 | ||||
* | Conduent Inc. | 4,056,790 | 20,933 | |||
* | Triumph Group Inc. | 772,422 | 19,527 | |||
Gorman-Rupp Co. | 526,792 | 18,901 | ||||
* | BTRS Holdings Inc. | 2,506,782 | 18,751 | |||
Quanex Building Products Corp. | 849,894 | 17,839 | ||||
* | Gibraltar Industries Inc. | 412,663 | 17,724 | |||
Kelly Services Inc. Class A | 813,382 | 17,642 | ||||
*,1 | Joby Aviation Inc. | 2,630,775 | 17,416 | |||
Wabash National Corp. | 1,136,302 | 16,863 | ||||
Heartland Express Inc. | 1,190,576 | 16,751 | ||||
* | Forrester Research Inc. | 290,348 | 16,381 | |||
*,1 | PureCycle Technologies Inc. | 2,041,636 | 16,333 | |||
* | Mirion Technologies Inc. | 2,006,715 | 16,194 | |||
* | BrightView Holdings Inc. | 1,117,490 | 15,209 | |||
*,1 | CS Disco Inc. | 431,186 | 14,647 | |||
* | Thermon Group Holdings Inc. | 846,870 | 13,719 | |||
*,1 | Hyliion Holdings Corp. | 3,060,940 | 13,560 | |||
* | CIRCOR International Inc. | 508,011 | 13,523 |
Shares | Market Value ($000) | |||||
* | Advantage Solutions Inc. | 2,014,801 | 12,854 | |||
REV Group Inc. | 843,916 | 11,308 | ||||
* | Tutor Perini Corp. | 1,041,453 | 11,248 | |||
* | Ranpak Holdings Corp. Class A | 545,780 | 11,150 | |||
*,1 | Latch Inc. | 2,513,919 | 10,734 | |||
Greif Inc. Class B | 164,882 | 10,513 | ||||
National Presto Industries Inc. | 134,890 | 10,380 | ||||
International Seaways Inc. | 575,386 | 10,380 | ||||
* | American Woodmark Corp. | 209,298 | 10,245 | |||
* | Sterling Check Corp. | 362,179 | 9,572 | |||
Kronos Worldwide Inc. | 590,968 | 9,172 | ||||
Pactiv Evergreen Inc. | 906,149 | 9,116 | ||||
*,1 | Velo3D Inc. | 926,625 | 8,627 | |||
* | Loyalty Ventures Inc. | 494,722 | 8,178 | |||
* | Enovix Corp. | 547,345 | 7,811 | |||
* | Paymentus Holdings Inc. Class A | 365,939 | 7,714 | |||
* | Vivint Smart Home Inc. | 1,060,822 | 7,171 | |||
Hyster-Yale Materials Handling Inc. | 207,358 | 6,886 | ||||
* | Aurora Innovation Inc. | 1,188,189 | 6,642 | |||
*,1 | Velodyne Lidar Inc. | 2,512,713 | 6,433 | |||
*,1 | Danimer Scientific Inc. | 1,051,620 | 6,163 | |||
* | AvidXchange Holdings Inc. | 749,901 | 6,037 | |||
*,1 | View Inc. | 523,184 | 963 | |||
* | Remitly Global Inc. | 2,752 | 27 | |||
24,632,847 | ||||||
Real Estate (9.4%) | ||||||
Kimco Realty Corp. | 15,455,375 | 381,748 | ||||
Equity LifeStyle Properties Inc. | 4,193,521 | 320,720 | ||||
Medical Properties Trust Inc. | 14,966,784 | 316,398 | ||||
American Homes 4 Rent Class A | 7,675,945 | 307,268 | ||||
* | Jones Lang LaSalle Inc. | 1,265,482 | 303,032 | |||
Rexford Industrial Realty Inc. | 4,022,768 | 300,058 | ||||
Life Storage Inc. | 2,055,382 | 288,637 | ||||
CubeSmart | 5,483,558 | 285,310 | ||||
Gaming & Leisure Properties Inc. | 5,894,643 | 276,636 | ||||
VICI Properties Inc. | 9,378,159 | 266,902 | ||||
Lamar Advertising Co. Class A | 2,175,872 | 252,793 | ||||
Federal Realty Investment Trust | 1,970,595 | 240,551 | ||||
Kilroy Realty Corp. | 2,924,587 | 223,497 | ||||
EastGroup Properties Inc. | 1,033,810 | 210,153 | ||||
Apartment Income REIT Corp. | 3,928,498 | 210,018 | ||||
First Industrial Realty Trust Inc. | 3,303,610 | 204,526 | ||||
National Retail Properties Inc. | 4,402,299 | 197,839 | ||||
Vornado Realty Trust | 4,326,316 | 196,069 | ||||
American Campus Communities Inc. | 3,490,192 | 195,346 | ||||
Brixmor Property Group Inc. | 7,468,810 | 192,770 | ||||
Omega Healthcare Investors Inc. | 5,995,704 | 186,826 | ||||
Americold Realty Trust | 6,686,776 | 186,427 | ||||
STAG Industrial Inc. | 4,462,788 | 184,536 | ||||
STORE Capital Corp. | 6,181,770 | 180,693 | ||||
* | Host Hotels & Resorts Inc. | 8,946,230 | 173,825 | |||
Healthcare Trust of America Inc. Class A | 5,535,294 | 173,476 | ||||
Regency Centers Corp. | 2,147,184 | 153,180 | ||||
Cousins Properties Inc. | 3,727,608 | 150,185 | ||||
Rayonier Inc. | 3,588,377 | 147,554 | ||||
Spirit Realty Capital Inc. | 3,205,092 | 147,498 | ||||
Terreno Realty Corp. | 1,892,467 | 140,137 | ||||
Douglas Emmett Inc. | 4,181,670 | 139,751 |
Shares | Market Value ($000) | |||||
Innovative Industrial Properties Inc. | 642,676 | 132,006 | ||||
SL Green Realty Corp. | 1,624,039 | 131,839 | ||||
National Storage Affiliates Trust | 2,058,993 | 129,222 | ||||
Kite Realty Group Trust | 5,485,559 | 124,906 | ||||
* | Ryman Hospitality Properties Inc. | 1,311,240 | 121,644 | |||
Highwoods Properties Inc. | 2,635,112 | 120,530 | ||||
Agree Realty Corp. | 1,790,160 | 118,795 | ||||
LXP Industrial Trust | 7,173,419 | 112,623 | ||||
* | Park Hotels & Resorts Inc. | 5,629,385 | 109,942 | |||
* | Howard Hughes Corp. | 1,035,557 | 107,294 | |||
Hudson Pacific Properties Inc. | 3,790,768 | 105,194 | ||||
* | Outfront Media Inc. | 3,663,150 | 104,143 | |||
Healthcare Realty Trust Inc. | 3,780,493 | 103,888 | ||||
EPR Properties | 1,878,807 | 102,790 | ||||
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 2,145,990 | 101,784 | ||||
Physicians Realty Trust | 5,645,137 | 99,016 | ||||
Phillips Edison & Co. Inc. | 2,845,573 | 97,859 | ||||
Apple Hospitality REIT Inc. | 5,434,545 | 97,659 | ||||
* | DigitalBridge Group Inc. | 12,879,101 | 92,730 | |||
JBG SMITH Properties | 3,035,147 | 88,687 | ||||
PS Business Parks Inc. | 519,323 | 87,288 | ||||
PotlatchDeltic Corp. | 1,644,734 | 86,727 | ||||
Sabra Health Care REIT Inc. | 5,775,785 | 86,001 | ||||
Broadstone Net Lease Inc. | 3,885,443 | 84,625 | ||||
Uniti Group Inc. | 5,915,646 | 81,399 | ||||
Pebblebrook Hotel Trust | 3,289,568 | 80,529 | ||||
* | Cushman & Wakefield plc | 3,918,632 | 80,371 | |||
Corporate Office Properties Trust | 2,815,788 | 80,363 | ||||
Essential Properties Realty Trust Inc. | 3,164,686 | 80,067 | ||||
Macerich Co. | 5,070,365 | 79,301 | ||||
Equity Commonwealth | 2,691,544 | 75,928 | ||||
SITE Centers Corp. | 4,502,967 | 75,245 | ||||
1 | Independence Realty Trust Inc. | 2,772,818 | 73,313 | |||
Kennedy-Wilson Holdings Inc. | 2,934,019 | 71,561 | ||||
Newmark Group Inc. Class A | 4,317,262 | 68,731 | ||||
* | Sunstone Hotel Investors Inc. | 5,495,776 | 64,740 | |||
National Health Investors Inc. | 1,091,413 | 64,404 | ||||
Brandywine Realty Trust | 4,289,498 | 60,653 | ||||
RLJ Lodging Trust | 4,158,034 | 58,545 | ||||
Retail Opportunity Investments Corp. | 2,921,551 | 56,649 | ||||
Washington REIT | 2,185,993 | 55,743 | ||||
* | Xenia Hotels & Resorts Inc. | 2,850,843 | 54,993 | |||
Urban Edge Properties | 2,794,893 | 53,382 | ||||
Piedmont Office Realty Trust Inc. Class A | 3,088,207 | 53,179 | ||||
* | DiamondRock Hospitality Co. | 5,263,459 | 53,161 | |||
Paramount Group Inc. | 4,660,657 | 50,848 | ||||
* | Opendoor Technologies Inc. | 5,830,847 | 50,437 | |||
* | InvenTrust Properties Corp. | 1,601,422 | 49,292 | |||
Acadia Realty Trust | 2,233,149 | 48,392 | ||||
St. Joe Co. | 811,400 | 48,067 | ||||
*,1 | Compass Inc. Class A | 6,111,947 | 48,040 | |||
CareTrust REIT Inc. | 2,430,032 | 46,900 | ||||
* | Realogy Holdings Corp. | 2,922,738 | 45,829 | |||
American Assets Trust Inc. | 1,208,368 | 45,785 | ||||
* | Redfin Corp. | 2,529,700 | 45,636 | |||
Tanger Factory Outlet Centers Inc. | 2,476,127 | 42,565 | ||||
Empire State Realty Trust Inc. Class A | 4,315,762 | 42,381 | ||||
Global Net Lease Inc. | 2,588,682 | 40,720 |
Shares | Market Value ($000) | |||||
Alexander & Baldwin Inc. | 1,721,215 | 39,915 | ||||
LTC Properties Inc. | 983,376 | 37,830 | ||||
Industrial Logistics Properties Trust | 1,628,848 | 36,926 | ||||
Service Properties Trust | 4,127,201 | 36,443 | ||||
1 | eXp World Holdings Inc. | 1,682,583 | 35,620 | |||
Centerspace | 356,532 | 34,983 | ||||
* | Marcus & Millichap Inc. | 652,768 | 34,388 | |||
* | Veris Residential Inc. | 1,918,082 | 33,355 | |||
Office Properties Income Trust | 1,201,938 | 30,926 | ||||
RPT Realty | 2,163,742 | 29,795 | ||||
Getty Realty Corp. | 987,047 | 28,249 | ||||
Apartment Investment & Management Co. Class A | 3,853,829 | 28,210 | ||||
Necessity Retail REIT Inc. Class A | 3,290,792 | 26,030 | ||||
Safehold Inc. | 466,989 | 25,895 | ||||
GEO Group Inc. | 2,919,305 | 19,297 | ||||
Diversified Healthcare Trust | 6,017,610 | 19,256 | ||||
Universal Health Realty Income Trust | 315,271 | 18,402 | ||||
Saul Centers Inc. | 333,276 | 17,564 | ||||
Franklin Street Properties Corp. | 2,391,690 | 14,111 | ||||
Alexander's Inc. | 52,112 | 13,353 | ||||
* | Summit Hotel Properties Inc. | 1,309,846 | 13,046 | |||
* | Bridge Investment Group Holdings Inc. Class A | 613,423 | 12,483 | |||
RMR Group Inc. Class A | 395,012 | 12,285 | ||||
* | Seritage Growth Properties Class A | 883,007 | 11,179 | |||
* | Douglas Elliman Inc. | 1,503,810 | 10,978 | |||
* | Forestar Group Inc. | 442,358 | 7,856 | |||
Urstadt Biddle Properties Inc. Class A | 412,996 | 7,768 | ||||
*,1 | Offerpad Solutions Inc. | 1,139,464 | 5,732 | |||
*,2 | Spirit MTA REIT | 529,410 | 142 | |||
Urstadt Biddle Properties Inc. | 410 | 7 | ||||
12,350,724 | ||||||
Technology (12.2%) | ||||||
Entegris Inc. | 3,395,667 | 445,715 | ||||
* | Wolfspeed Inc. | 3,116,132 | 354,803 | |||
* | PTC Inc. | 2,637,120 | 284,071 | |||
* | Aspen Technology Inc. | 1,670,241 | 276,208 | |||
* | Pure Storage Inc. Class A | 6,902,501 | 243,727 | |||
* | Dynatrace Inc. | 5,009,411 | 235,943 | |||
* | Ceridian HCM Holding Inc. | 3,426,666 | 234,247 | |||
* | Anaplan Inc. | 3,514,640 | 228,627 | |||
* | Manhattan Associates Inc. | 1,581,730 | 219,402 | |||
* | Lattice Semiconductor Corp. | 3,449,907 | 210,272 | |||
* | Arrow Electronics Inc. | 1,696,190 | 201,219 | |||
* | DXC Technology Co. | 6,125,829 | 199,886 | |||
Jabil Inc. | 3,235,414 | 199,722 | ||||
* | Avalara Inc. | 1,992,030 | 198,227 | |||
* | Synaptics Inc. | 990,314 | 197,568 | |||
* | Guidewire Software Inc. | 2,086,723 | 197,446 | |||
* | II-VI Inc. | 2,664,359 | 193,139 | |||
Universal Display Corp. | 1,154,371 | 192,722 | ||||
KBR Inc. | 3,495,728 | 191,321 | ||||
Leidos Holdings Inc. | 1,760,465 | 190,165 | ||||
* | Five9 Inc. | 1,706,277 | 188,373 | |||
* | Zendesk Inc. | 1,526,690 | 183,646 | |||
* | CACI International Inc. Class A | 586,543 | 176,702 | |||
* | Concentrix Corp. | 1,048,753 | 174,680 | |||
* | Elastic NV | 1,873,702 | 166,666 | |||
* | Smartsheet Inc. Class A | 3,019,023 | 165,382 |
Shares | Market Value ($000) | |||||
* | F5 Inc. | 760,280 | 158,860 | |||
Azenta Inc. | 1,876,675 | 155,539 | ||||
* | Rapid7 Inc. | 1,383,626 | 153,915 | |||
* | Tenable Holdings Inc. | 2,559,740 | 147,927 | |||
* | Nutanix Inc. Class A | 5,440,601 | 145,917 | |||
* | Silicon Laboratories Inc. | 956,748 | 143,704 | |||
CDK Global Inc. | 2,928,557 | 142,562 | ||||
* | NCR Corp. | 3,315,193 | 133,238 | |||
CMC Materials Inc. | 715,957 | 132,738 | ||||
Science Applications International Corp. | 1,427,989 | 131,618 | ||||
Power Integrations Inc. | 1,407,630 | 130,459 | ||||
Dolby Laboratories Inc. Class A | 1,646,209 | 128,766 | ||||
* | Rogers Corp. | 471,194 | 128,023 | |||
* | Workiva Inc. Class A | 1,084,656 | 127,989 | |||
* | Change Healthcare Inc. | 5,864,958 | 127,856 | |||
* | Mandiant Corp. | 5,717,146 | 127,550 | |||
* | Teradata Corp. | 2,584,881 | 127,409 | |||
* | Qualys Inc. | 879,765 | 125,287 | |||
* | SentinelOne Inc. Class A | 3,204,261 | 124,133 | |||
* | Varonis Systems Inc. | 2,560,706 | 121,736 | |||
* | Cirrus Logic Inc. | 1,434,756 | 121,653 | |||
National Instruments Corp. | 2,977,718 | 120,866 | ||||
* | Novanta Inc. | 847,587 | 120,603 | |||
* | Sailpoint Technologies Holdings Inc. | 2,336,662 | 119,590 | |||
* | SPS Commerce Inc. | 902,083 | 118,353 | |||
*,1 | MicroStrategy Inc. Class A | 233,508 | 113,560 | |||
TD SYNNEX Corp. | 1,086,268 | 112,114 | ||||
* | Semtech Corp. | 1,615,715 | 112,034 | |||
* | Ziff Davis Inc. | 1,128,749 | 109,240 | |||
* | Alteryx Inc. Class A | 1,501,090 | 107,373 | |||
* | Onto Innovation Inc. | 1,235,652 | 107,366 | |||
Vertiv Holdings Co. Class A | 7,532,772 | 105,459 | ||||
* | Dun & Bradstreet Holdings Inc. | 5,946,728 | 104,187 | |||
* | Cargurus Inc. Class A | 2,422,066 | 102,841 | |||
* | Box Inc. Class A | 3,532,399 | 102,652 | |||
* | MaxLinear Inc. Class A | 1,732,302 | 101,080 | |||
Avnet Inc. | 2,481,086 | 100,707 | ||||
* | Fabrinet | 926,712 | 97,425 | |||
* | Blackline Inc. | 1,323,436 | 96,902 | |||
* | Envestnet Inc. | 1,300,451 | 96,806 | |||
* | Digital Turbine Inc. | 2,189,393 | 95,917 | |||
* | Procore Technologies Inc. | 1,653,755 | 95,852 | |||
* | Perficient Inc. | 866,613 | 95,405 | |||
* | IPG Photonics Corp. | 862,500 | 94,668 | |||
* | Insight Enterprises Inc. | 875,151 | 93,921 | |||
* | Diodes Inc. | 1,071,175 | 93,181 | |||
* | Ambarella Inc. | 881,272 | 92,463 | |||
* | SiTime Corp. | 360,783 | 89,409 | |||
Switch Inc. Class A | 2,887,399 | 88,990 | ||||
* | New Relic Inc. | 1,327,276 | 88,768 | |||
* | Rambus Inc. | 2,744,267 | 87,515 | |||
* | Q2 Holdings Inc. | 1,355,404 | 83,561 | |||
Pegasystems Inc. | 1,023,558 | 82,550 | ||||
* | FormFactor Inc. | 1,961,338 | 82,435 | |||
Advanced Energy Industries Inc. | 943,069 | 81,179 | ||||
* | Blackbaud Inc. | 1,303,767 | 78,057 | |||
* | Altair Engineering Inc. Class A | 1,209,562 | 77,896 | |||
* | DigitalOcean Holdings Inc. | 1,342,745 | 77,678 |
Shares | Market Value ($000) | |||||
* | Verint Systems Inc. | 1,483,289 | 76,686 | |||
* | Alarm.com Holdings Inc. | 1,134,417 | 75,393 | |||
* | MACOM Technology Solutions Holdings Inc. | 1,223,293 | 73,239 | |||
* | CommVault Systems Inc. | 1,061,570 | 70,435 | |||
* | Sprout Social Inc. Class A | 864,319 | 69,249 | |||
* | Upwork Inc. | 2,914,371 | 67,730 | |||
* | nCino Inc. | 1,651,360 | 67,673 | |||
Xerox Holdings Corp. | 3,347,374 | 67,517 | ||||
* | Allscripts Healthcare Solutions Inc. | 2,915,582 | 65,659 | |||
Vishay Intertechnology Inc. | 3,329,809 | 65,264 | ||||
* | Asana Inc. Class A | 1,590,797 | 63,584 | |||
* | E2open Parent Holdings Inc. | 7,168,320 | 63,153 | |||
* | Sanmina Corp. | 1,512,299 | 61,127 | |||
* | Bumble Inc. Class A | 2,103,150 | 60,949 | |||
* | Confluent Inc. Class A | 1,483,332 | 60,817 | |||
* | Bottomline Technologies DE Inc. | 1,072,207 | 60,773 | |||
* | LiveRamp Holdings Inc. | 1,621,669 | 60,634 | |||
* | Yelp Inc. Class A | 1,736,749 | 59,240 | |||
* | Appian Corp. | 970,217 | 59,009 | |||
* | PagerDuty Inc. | 1,723,723 | 58,934 | |||
* | Kyndryl Holdings Inc. | 4,488,414 | 58,888 | |||
* | Jamf Holding Corp. | 1,639,386 | 57,067 | |||
* | NetScout Systems Inc. | 1,757,290 | 56,374 | |||
Shutterstock Inc. | 591,188 | 55,028 | ||||
* | Plexus Corp. | 665,948 | 54,481 | |||
Amkor Technology Inc. | 2,449,294 | 53,199 | ||||
Progress Software Corp. | 1,107,242 | 52,140 | ||||
* | Momentive Global Inc. | 3,206,356 | 52,135 | |||
*,1 | C3.ai Inc. Class A | 2,292,380 | 52,037 | |||
* | 3D Systems Corp. | 3,040,063 | 50,708 | |||
CSG Systems International Inc. | 772,345 | 49,098 | ||||
* | Appfolio Inc. Class A | 432,802 | 48,998 | |||
* | Allegro MicroSystems Inc. | 1,666,344 | 47,324 | |||
* | Ping Identity Holding Corp. | 1,672,153 | 45,867 | |||
Xperi Holding Corp. | 2,618,383 | 45,350 | ||||
* | Schrodinger Inc. | 1,315,650 | 44,890 | |||
* | Zuora Inc. Class A | 2,944,309 | 44,106 | |||
* | Fastly Inc. Class A | 2,501,820 | 43,482 | |||
* | Covetrus Inc. | 2,587,026 | 43,436 | |||
* | Everbridge Inc. | 986,914 | 43,069 | |||
* | Super Micro Computer Inc. | 1,103,101 | 41,995 | |||
* | Magnite Inc. | 3,147,307 | 41,576 | |||
* | Duck Creek Technologies Inc. | 1,816,683 | 40,185 | |||
* | Vimeo Inc. | 3,319,326 | 39,434 | |||
* | LivePerson Inc. | 1,594,930 | 38,948 | |||
Methode Electronics Inc. | 886,617 | 38,346 | ||||
* | TTM Technologies Inc. | 2,465,539 | 36,539 | |||
* | JFrog Ltd. | 1,337,891 | 36,056 | |||
*,1 | Zeta Global Holdings Corp. Class A | 2,799,660 | 35,696 | |||
* | Cerence Inc. | 981,964 | 35,449 | |||
* | Parsons Corp. | 909,177 | 35,185 | |||
* | DoubleVerify Holdings Inc. | 1,392,895 | 35,059 | |||
* | Unisys Corp. | 1,592,442 | 34,413 | |||
* | Veeco Instruments Inc. | 1,264,611 | 34,385 | |||
* | PROS Holdings Inc. | 1,021,151 | 34,015 | |||
*,1 | CCC Intelligent Solutions Holdings Inc. | 3,028,780 | 33,438 | |||
* | Eventbrite Inc. Class A | 2,171,195 | 32,069 | |||
* | Paycor HCM Inc. | 1,092,140 | 31,792 |
Shares | Market Value ($000) | |||||
* | BigCommerce Holdings Inc. | 1,360,551 | 29,810 | |||
* | Squarespace Inc. Class A | 1,131,155 | 28,980 | |||
* | Sumo Logic Inc. | 2,400,738 | 28,017 | |||
*,1 | Datto Holding Corp. | 1,026,239 | 27,421 | |||
*,1 | Clear Secure Inc. Class A | 1,020,128 | 27,421 | |||
* | Avaya Holdings Corp. | 2,028,106 | 25,696 | |||
* | Olo Inc. Class A | 1,866,147 | 24,726 | |||
* | Consensus Cloud Solutions Inc. | 400,185 | 24,063 | |||
* | KnowBe4 Inc. Class A | 1,034,695 | 23,819 | |||
*,1 | Xometry Inc. Class A | 628,431 | 23,095 | |||
* | ScanSource Inc. | 644,672 | 22,428 | |||
* | CEVA Inc. | 550,812 | 22,390 | |||
Benchmark Electronics Inc. | 891,540 | 22,324 | ||||
* | Amplitude Inc. Class A | 1,175,765 | 21,669 | |||
*,1 | Blend Labs Inc. Class A | 3,792,713 | 21,618 | |||
Ebix Inc. | 622,647 | 20,641 | ||||
* | Yext Inc. | 2,929,082 | 20,181 | |||
*,1 | Matterport Inc. | 2,270,187 | 18,434 | |||
* | nLight Inc. | 1,045,294 | 18,125 | |||
* | PubMatic Inc. Class A | 689,510 | 18,010 | |||
* | Informatica Inc. Class A | 865,533 | 17,086 | |||
* | Bandwidth Inc. Class A | 520,911 | 16,872 | |||
* | AvePoint Inc. | 3,162,339 | 16,634 | |||
* | Thoughtworks Holding Inc. | 766,511 | 15,951 | |||
*,1 | Vivid Seats Inc. Class A | 1,360,693 | 15,049 | |||
*,1 | Rackspace Technology Inc. | 1,308,866 | 14,607 | |||
*,1 | Sprinklr Inc. Class A | 1,225,761 | 14,587 | |||
* | N-able Inc. | 1,580,735 | 14,385 | |||
*,1 | Samsara Inc. Class A | 874,727 | 14,013 | |||
*,1 | Ouster Inc. | 3,008,221 | 13,537 | |||
SolarWinds Corp. | 1,007,903 | 13,415 | ||||
*,1 | Freshworks Inc. Class A | 737,951 | 13,224 | |||
*,1 | Aeva Technologies Inc. | 2,976,097 | 12,886 | |||
* | Alkami Technology Inc. | 900,225 | 12,882 | |||
* | ON24 Inc. | 964,094 | 12,678 | |||
* | Telos Corp. | 1,239,707 | 12,360 | |||
*,1 | Groupon Inc. | 634,096 | 12,194 | |||
* | SmartRent Inc. Class A | 2,173,334 | 10,997 | |||
*,1 | Couchbase Inc. | 596,592 | 10,393 | |||
*,1 | HashiCorp Inc. Class A | 191,473 | 10,340 | |||
*,1 | Skillz Inc. Class A | 3,422,004 | 10,266 | |||
* | Vertex Inc. Class A | 637,334 | 9,777 | |||
*,1 | EverCommerce Inc. | 726,881 | 9,595 | |||
* | WM Technology Inc. | 1,218,471 | 9,528 | |||
*,1 | IonQ Inc. | 727,626 | 9,284 | |||
* | Intapp Inc. | 380,534 | 9,137 | |||
* | MediaAlpha Inc. Class A | 546,378 | 9,043 | |||
*,1 | Credo Technology Group Holding Ltd. | 545,282 | 8,305 | |||
* | Braze Inc. Class A | 200,162 | 8,301 | |||
*,1 | SEMrush Holdings Inc. Class A | 642,318 | 7,669 | |||
*,1 | Gitlab Inc. Class A | 135,196 | 7,361 | |||
* | MeridianLink Inc. | 398,442 | 7,212 | |||
* | Enfusion Inc. Class A | 501,835 | 6,383 | |||
* | Diebold Nixdorf Inc. | 935,408 | 6,295 | |||
*,1 | Nextdoor Holdings Inc. | 1,022,517 | 6,125 | |||
* | Toast Inc. Class A | 274,048 | 5,955 | |||
*,1 | ForgeRock Inc. Class A | 270,269 | 5,924 | |||
*,1 | Expensify Inc. Class A | 259,044 | 4,549 |
Shares | Market Value ($000) | |||||
* | Vroom Inc. | 1,429,885 | 3,803 | |||
*,1 | BuzzFeed Inc. | 673,413 | 3,542 | |||
* | SecureWorks Corp. Class A | 206,722 | 2,739 | |||
* | NerdWallet Inc. Class A | 173,035 | 2,075 | |||
* | Viant Technology Inc. Class A | 139,103 | 911 | |||
* | EngageSmart Inc. | 21,874 | 466 | |||
*,1 | UserTesting Inc. | 27,603 | 295 | |||
*,2 | Media General Inc. CVR | 2,474,410 | 96 | |||
16,072,277 | ||||||
Telecommunications (1.5%) | ||||||
* | Ciena Corp. | 3,833,141 | 232,403 | |||
Cable One Inc. | 143,993 | 210,840 | ||||
* | Frontier Communications Parent Inc. | 6,127,491 | 169,548 | |||
* | Lumentum Holdings Inc. | 1,718,268 | 167,703 | |||
Juniper Networks Inc. | 4,042,522 | 150,220 | ||||
* | Vonage Holdings Corp. | 6,366,318 | 129,173 | |||
* | Iridium Communications Inc. | 2,896,508 | 116,787 | |||
* | Viavi Solutions Inc. | 5,764,337 | 92,690 | |||
* | Viasat Inc. | 1,771,601 | 86,454 | |||
Cogent Communications Holdings Inc. | 1,074,809 | 71,314 | ||||
* | Altice USA Inc. Class A | 5,414,729 | 67,576 | |||
* | Calix Inc. | 1,452,360 | 62,321 | |||
InterDigital Inc. | 769,027 | 49,064 | ||||
Telephone & Data Systems Inc. | 2,552,529 | 48,192 | ||||
* | CommScope Holding Co. Inc. | 5,125,553 | 40,389 | |||
* | Plantronics Inc. | 1,018,840 | 40,142 | |||
* | Infinera Corp. | 4,543,281 | 39,390 | |||
* | 8x8 Inc. | 2,812,950 | 35,415 | |||
Shenandoah Telecommunications Co. | 1,190,865 | 28,081 | ||||
*,1 | Globalstar Inc. | 17,940,167 | 26,372 | |||
* | WideOpenWest Inc. | 1,316,604 | 22,962 | |||
* | EchoStar Corp. Class A | 906,484 | 22,064 | |||
*,1 | fuboTV Inc. | 3,286,333 | 21,591 | |||
ADTRAN Inc. | 1,165,997 | 21,513 | ||||
* | NETGEAR Inc. | 705,661 | 17,416 | |||
*,1 | Gogo Inc. | 627,036 | 11,951 | |||
ATN International Inc. | 264,382 | 10,543 | ||||
* | United States Cellular Corp. | 325,310 | 9,834 | |||
* | IHS Holding Ltd. | 49,439 | 548 | |||
2,002,496 | ||||||
Utilities (3.7%) | ||||||
* | Constellation Energy Corp. | 8,169,472 | 459,533 | |||
Atmos Energy Corp. | 3,391,364 | 405,234 | ||||
Essential Utilities Inc. | 5,697,011 | 291,288 | ||||
NRG Energy Inc. | 6,108,501 | 234,322 | ||||
Pinnacle West Capital Corp. | 2,828,796 | 220,929 | ||||
OGE Energy Corp. | 5,021,660 | 204,783 | ||||
UGI Corp. | 5,256,144 | 190,378 | ||||
National Fuel Gas Co. | 2,289,986 | 157,322 | ||||
* | Sunrun Inc. | 4,963,877 | 150,753 | |||
IDACORP Inc. | 1,266,178 | 146,066 | ||||
* | Clean Harbors Inc. | 1,295,792 | 144,662 | |||
* | Evoqua Water Technologies Corp. | 3,030,175 | 142,358 | |||
* | Stericycle Inc. | 2,303,512 | 135,723 | |||
Black Hills Corp. | 1,622,916 | 124,997 | ||||
Portland General Electric Co. | 2,246,645 | 123,903 | ||||
Southwest Gas Holdings Inc. | 1,572,556 | 123,115 |
Shares | Market Value ($000) | |||||
ONE Gas Inc. | 1,343,223 | 118,526 | ||||
* | Casella Waste Systems Inc. Class A | 1,264,042 | 110,793 | |||
New Jersey Resources Corp. | 2,407,814 | 110,422 | ||||
Hawaiian Electric Industries Inc. | 2,601,807 | 110,083 | ||||
PNM Resources Inc. | 2,152,773 | 102,623 | ||||
South Jersey Industries Inc. | 2,945,909 | 101,781 | ||||
ALLETE Inc. | 1,333,637 | 89,327 | ||||
Spire Inc. | 1,233,529 | 88,518 | ||||
1 | Ormat Technologies Inc. | 1,052,419 | 86,119 | |||
American States Water Co. | 926,652 | 82,491 | ||||
NorthWestern Corp. | 1,358,314 | 82,164 | ||||
Avista Corp. | 1,793,023 | 80,955 | ||||
California Water Service Group | 1,317,816 | 78,120 | ||||
Clearway Energy Inc. Class C | 2,067,749 | 75,494 | ||||
MGE Energy Inc. | 905,131 | 72,220 | ||||
* | Sunnova Energy International Inc. | 2,272,850 | 52,412 | |||
Northwest Natural Holding Co. | 843,790 | 43,641 | ||||
*,1 | Archaea Energy Inc. Class A | 1,955,770 | 42,890 | |||
Clearway Energy Inc. Class A | 848,886 | 28,285 | ||||
* | Harsco Corp. | 1,960,794 | 24,000 | |||
4,836,230 | ||||||
Total Common Stocks (Cost $95,559,417) | 130,608,787 | |||||
Coupon | ||||||
Temporary Cash Investments (2.1%) | ||||||
Money Market Fund (2.1%) | ||||||
3,4 | Vanguard Market Liquidity Fund (Cost $2,745,990) | 0.312% | 27,465,887 | 2,746,314 | ||
Total Investments (101.4%) (Cost $98,305,407) | 133,355,101 | |||||
Other Assets and Liabilities—Net (-1.4%) | (1,837,140) | |||||
Net Assets (100%) | 131,517,961 |
Cost is in $000. | |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $1,813,062,000. |
2 | Security value determined using significant unobservable inputs. |
3 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
4 | Collateral of $1,951,062,000 was received for securities on loan. |
CVR—Contingent Value Rights. | |
REIT—Real Estate Investment Trust. |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini Russell 2000 Index | June 2022 | 3,535 | 365,236 | 13,594 |
E-mini S&P 500 Index | June 2022 | 100 | 22,654 | 1,689 |
E-mini S&P Mid-Cap 400 Index | June 2022 | 1,517 | 407,952 | 18,507 |
33,790 |
Over-the-Counter Total Return Swaps | ||||||
Reference Entity | Termination Date | Counterparty | Notional Amount ($000) | Floating Interest Rate Received (Paid)1 (%) | Value and Unrealized Appreciation ($000) | Value and Unrealized (Depreciation) ($000) |
Avalara Inc. | 8/31/22 | BANA | 9,352 | (0.205) | — | (398) |
New York Community Bancorp Inc. | 8/31/22 | BANA | 4,039 | (0.749) | — | (290) |
Ollie's Bargain Outlet Holdings Inc. | 1/31/23 | GSI | 12,177 | (0.327) | 710 | — |
Popular Inc. | 8/31/22 | BANA | 12,859 | (0.597) | — | (1,352) |
Signature Bank | 8/31/23 | BANA | 86,223 | (0.937) | — | (12,915) |
Tompkins Financial Corp. | 8/31/22 | BANA | 203 | (0.770) | — | — |
Tompkins Financial Corp. | 8/31/22 | BANA | 205 | (0.767) | — | (1) |
United Therapeutics Corp. | 8/31/22 | BANA | 19,944 | (0.209) | 1,582 | — |
2,292 | (14,956) |
1 | Based on USD Overnight Bank Funding Rate as of the most recent payment date. Floating interest payment received/paid monthly. |
BANA—Bank of America, N.A. | |
GSI—Goldman Sachs International. |
At March 31, 2022, the counterparties had deposited in segregated accounts securities with a value of $1,312,000 in connection with open over-the-counter swap contracts.
A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been materially affected by events occurring before the fund's pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.
B. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
C. Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks in the fund’s target index. Under the terms of the swaps, the fund receives the total return on the referenced stock (i.e., receiving the increase or paying the decrease in value of the selected reference stock and receiving the equivalent of any dividends in respect of the selected referenced stock) over a specified period of time, applied to a notional amount that represents the value of a designated number of shares of the selected reference stock at the beginning of the equity swap contract. The fund also pays a floating rate that is based on short-term interest rates, applied to the notional amount. At the same time, the fund generally invests an amount approximating the notional amount of the swap in high-quality temporary cash investments.
A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund’s maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. In the event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund's net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily
to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded as an asset (liability) and as unrealized appreciation (depreciation) until periodic payments are made or the termination of the swap, at which time realized gain (loss) is recorded.
D. Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund's investments and derivatives as of March 31, 2022, based on the inputs used to value them:
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 130,608,402 | — | 385 | 130,608,787 |
Temporary Cash Investments | 2,746,314 | — | — | 2,746,314 |
Total | 133,354,716 | — | 385 | 133,355,101 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 33,790 | — | — | 33,790 |
Swap Contracts | — | 2,292 | — | 2,292 |
Total | 33,790 | 2,292 | — | 36,082 |
Liabilities | ||||
Swap Contracts | — | 14,956 | — | 14,956 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. |