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: 811-01027
Name of Registrant: | Vanguard World Fund |
Address of Registrant: | P.O. Box 2600 |
Valley Forge, PA 19482 |
Name and address of agent for service: | Anne E. Robinson, Esquire |
P.O. Box 876 | |
Valley Forge, PA 19482 |
Registrant’s telephone number, including area code: (610) 669-1000
Date of fiscal year end: August 31
Date of reporting period: September 1, 2022—February 28, 2023
Item 1: Reports to Shareholders
About Your Fund’s Expenses | 1 |
Financial Statements | 4 |
Trustees Approve Advisory Arrangement | 19 |
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2023 | |||
Beginning Account Value 8/31/2022 | Ending Account Value 2/28/2023 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
U.S. Growth Fund | |||
Investor Shares | $1,000.00 | $979.30 | $1.42 |
Admiral™ Shares | 1,000.00 | 979.80 | 0.93 |
Based on Hypothetical 5% Yearly Return | |||
U.S. Growth Fund | |||
Investor Shares | $1,000.00 | $1,023.36 | $1.45 |
Admiral Shares | 1,000.00 | 1,023.85 | 0.95 |
Communication Services | 9.8% |
Consumer Discretionary | 19.0 |
Consumer Staples | 3.0 |
Energy | 1.3 |
Financials | 4.0 |
Health Care | 14.7 |
Industrials | 5.5 |
Information Technology | 41.0 |
Materials | 0.4 |
Real Estate | 1.3 |
Utilities | 0.0 |
Shares | Market Value• ($000) | ||
Common Stocks (98.0%) | |||
Communication Services (9.6%) | |||
* | Alphabet Inc. Class C | 10,666,419 | 963,178 |
* | Trade Desk Inc. Class A | 9,602,341 | 537,347 |
* | Netflix Inc. | 1,264,913 | 407,466 |
* | Alphabet Inc. Class A | 4,255,324 | 383,234 |
* | Roblox Corp. Class A | 3,854,312 | 141,222 |
* | T-Mobile US Inc. | 901,446 | 128,168 |
* | Pinterest Inc. Class A | 4,338,815 | 108,948 |
* | Roku Inc. | 1,644,001 | 106,350 |
* | ZoomInfo Technologies Inc. Class A | 4,341,188 | 104,927 |
* | Meta Platforms Inc. Class A | 543,229 | 95,032 |
* | Snap Inc. Class A | 5,293,965 | 53,734 |
* | Charter Communications Inc. Class A | 109,555 | 40,274 |
* | Live Nation Entertainment Inc. | 260,532 | 18,774 |
* | Match Group Inc. | 233,152 | 9,657 |
* | TripAdvisor Inc. | 314,862 | 6,792 |
Madison Square Garden Sports Corp. | 35,181 | 6,724 | |
Nexstar Media Group Inc. Class A | 34,744 | 6,459 | |
Electronic Arts Inc. | 53,636 | 5,950 | |
* | Playtika Holding Corp. | 440,782 | 4,231 |
* | Walt Disney Co. | 37,744 | 3,760 |
* | Altice USA Inc. Class A | 511,427 | 2,025 |
3,134,252 | |||
Consumer Discretionary (18.7%) | |||
* | Amazon.com Inc. | 17,535,461 | 1,652,366 |
* | Tesla Inc. | 5,467,282 | 1,124,675 |
* | MercadoLibre Inc. | 314,710 | 383,946 |
LVMH Moet Hennessy Louis Vuitton SE | 424,146 | 352,604 | |
* | Lululemon Athletica Inc. | 839,142 | 259,463 |
* | Airbnb Inc. Class A | 2,019,876 | 249,010 |
NIKE Inc. Class B | 1,703,938 | 202,411 | |
Home Depot Inc. | 651,429 | 193,175 | |
*,1 | Chewy Inc. Class A | 4,065,368 | 164,851 |
Marriott International Inc. Class A | 895,859 | 151,615 | |
* | DoorDash Inc. Class A | 2,618,651 | 143,135 |
TJX Cos. Inc. | 1,820,937 | 139,484 | |
* | Duolingo Inc. | 1,448,472 | 131,507 |
Hilton Worldwide Holdings Inc. | 818,927 | 118,343 |
Shares | Market Value• ($000) | ||
*,1 | Wayfair Inc. Class A | 2,437,329 | 98,687 |
* | Etsy Inc. | 750,467 | 91,114 |
* | Chegg Inc. | 4,479,599 | 71,181 |
Lowe's Cos. Inc. | 344,756 | 70,934 | |
* | Dr. Ing Hc F Porsche AG Preference Shares | 587,957 | 70,857 |
* | Coursera Inc. | 5,183,577 | 58,419 |
* | Ulta Beauty Inc. | 76,535 | 39,706 |
* | O'Reilly Automotive Inc. | 46,083 | 38,254 |
Boyd Gaming Corp. | 547,736 | 35,674 | |
* | AutoZone Inc. | 12,689 | 31,552 |
Toll Brothers Inc. | 519,841 | 31,159 | |
* | Rivian Automotive Inc. Class A | 1,612,154 | 31,115 |
Tapestry Inc. | 549,670 | 23,916 | |
*,1 | Sweetgreen Inc. Class A | 2,544,318 | 22,186 |
H&R Block Inc. | 579,317 | 21,319 | |
Starbucks Corp. | 140,465 | 14,340 | |
* | NVR Inc. | 2,413 | 12,484 |
*,1 | Carvana Co. Class A | 1,163,576 | 10,961 |
McDonald's Corp. | 40,103 | 10,584 | |
Bath & Body Works Inc. | 238,365 | 9,742 | |
Travel + Leisure Co. | 203,147 | 8,522 | |
Tractor Supply Co. | 35,321 | 8,239 | |
* | Expedia Group Inc. | 61,533 | 6,705 |
Williams-Sonoma Inc. | 51,885 | 6,481 | |
Genuine Parts Co. | 23,546 | 4,164 | |
Wendy's Co. | 168,945 | 3,710 | |
* | Booking Holdings Inc. | 1,055 | 2,663 |
* | Chipotle Mexican Grill Inc. Class A | 1,754 | 2,615 |
Yum! Brands Inc. | 11,630 | 1,479 | |
1 | Nordstrom Inc. | 64,064 | 1,248 |
* | Victoria's Secret & Co. | 29,894 | 1,185 |
6,107,780 | |||
Consumer Staples (3.0%) | |||
Costco Wholesale Corp. | 696,788 | 337,371 | |
L'Oreal SA (XPAR) | 367,181 | 145,137 | |
Estee Lauder Cos. Inc. Class A | 560,004 | 136,109 | |
Constellation Brands Inc. Class A | 405,676 | 90,750 | |
PepsiCo Inc. | 281,812 | 48,903 | |
Procter & Gamble Co. | 251,080 | 34,539 | |
Altria Group Inc. | 741,178 | 34,413 | |
Coca-Cola Co. | 451,351 | 26,860 | |
* | Darling Ingredients Inc. | 357,868 | 22,642 |
Colgate-Palmolive Co. | 275,169 | 20,170 |
Shares | Market Value• ($000) | ||
* | Herbalife Nutrition Ltd. | 971,348 | 18,796 |
Lamb Weston Holdings Inc. | 136,030 | 13,690 | |
Hershey Co. | 54,344 | 12,951 | |
Kimberly-Clark Corp. | 82,770 | 10,350 | |
* | Pilgrim's Pride Corp. | 278,591 | 6,516 |
* | Performance Food Group Co. | 98,125 | 5,553 |
* | BJ's Wholesale Club Holdings Inc. | 48,278 | 3,466 |
Church & Dwight Co. Inc. | 23,134 | 1,938 | |
970,154 | |||
Energy (1.2%) | |||
Schlumberger Ltd. | 6,108,406 | 325,028 | |
EOG Resources Inc. | 387,967 | 43,848 | |
* | Southwestern Energy Co. | 2,240,091 | 11,872 |
Range Resources Corp. | 348,117 | 9,378 | |
PDC Energy Inc. | 100,286 | 6,730 | |
Diamondback Energy Inc. | 47,487 | 6,676 | |
Ovintiv Inc. (XNYS) | 49,953 | 2,137 | |
405,669 | |||
Financials (3.9%) | |||
S&P Global Inc. | 461,936 | 157,613 | |
American Express Co. | 853,978 | 148,584 | |
Charles Schwab Corp. | 1,887,968 | 147,110 | |
MarketAxess Holdings Inc. | 429,704 | 146,722 | |
First Republic Bank | 1,120,162 | 137,791 | |
Marsh & McLennan Cos. Inc. | 591,614 | 95,924 | |
Blackstone Inc. | 1,045,969 | 94,974 | |
Progressive Corp. | 648,459 | 93,067 | |
Moody's Corp. | 150,212 | 43,584 | |
Everest Re Group Ltd. | 97,168 | 37,310 | |
*,1 | Lemonade Inc. | 2,122,348 | 34,594 |
LPL Financial Holdings Inc. | 135,265 | 33,757 | |
* | Arch Capital Group Ltd. | 452,975 | 31,708 |
Discover Financial Services | 229,012 | 25,649 | |
Ameriprise Financial Inc. | 49,908 | 17,112 | |
Synchrony Financial | 422,165 | 15,076 | |
Aon plc Class A (XNYS) | 41,677 | 12,672 | |
Brown & Brown Inc. | 43,286 | 2,427 | |
1,275,674 | |||
Health Care (14.4%) | |||
UnitedHealth Group Inc. | 1,272,111 | 605,449 | |
* | Moderna Inc. | 2,879,230 | 399,666 |
Eli Lilly & Co. | 967,800 | 301,199 | |
Danaher Corp. | 1,132,256 | 280,267 | |
* | Illumina Inc. | 1,024,473 | 204,075 |
* | Alnylam Pharmaceuticals Inc. | 1,039,111 | 198,938 |
Novo Nordisk A/S | 1,355,518 | 191,114 | |
* | Vertex Pharmaceuticals Inc. | 631,273 | 183,252 |
* | Boston Scientific Corp. | 3,658,503 | 170,925 |
Agilent Technologies Inc. | 1,150,133 | 163,284 | |
Zoetis Inc. | 929,674 | 155,256 | |
* | Intuitive Surgical Inc. | 674,154 | 154,644 |
* | Novocure Ltd. | 1,912,645 | 147,216 |
Shares | Market Value• ($000) | ||
Stryker Corp. | 500,163 | 131,483 | |
Abbott Laboratories | 1,104,619 | 112,362 | |
* | Denali Therapeutics Inc. | 3,920,479 | 106,441 |
* | Insulet Corp. | 367,191 | 101,477 |
Elevance Health Inc. | 215,341 | 101,139 | |
AstraZeneca plc ADR | 1,457,326 | 94,989 | |
* | Penumbra Inc. | 349,056 | 90,751 |
Thermo Fisher Scientific Inc. | 156,986 | 85,049 | |
* | Align Technology Inc. | 222,102 | 68,741 |
* | 10X Genomics Inc. Class A | 1,428,504 | 67,883 |
Merck & Co. Inc. | 636,978 | 67,673 | |
* | Mettler-Toledo International Inc. | 43,575 | 62,474 |
AbbVie Inc. | 376,655 | 57,967 | |
* | IQVIA Holdings Inc. | 218,459 | 45,542 |
* | Doximity Inc. Class A | 1,328,051 | 44,662 |
Cigna Group | 120,502 | 35,199 | |
* | Regeneron Pharmaceuticals Inc. | 45,483 | 34,586 |
HCA Healthcare Inc. | 140,789 | 34,275 | |
* | Recursion Pharmaceuticals Inc. Class A | 3,973,231 | 32,382 |
McKesson Corp. | 92,053 | 32,201 | |
* | Veeva Systems Inc. Class A | 132,065 | 21,878 |
* | Waters Corp. | 39,326 | 12,226 |
* | Avantor Inc. | 493,628 | 12,030 |
* | DexCom Inc. | 98,033 | 10,883 |
*,1 | Sana Biotechnology Inc. | 2,456,509 | 9,015 |
Bruker Corp. | 129,575 | 8,930 | |
* | Exelixis Inc. | 501,167 | 8,560 |
* | Teladoc Health Inc. | 315,231 | 8,350 |
* | Edwards Lifesciences Corp. | 102,574 | 8,251 |
West Pharmaceutical Services Inc. | 23,980 | 7,602 | |
* | Charles River Laboratories International Inc. | 33,303 | 7,305 |
AmerisourceBergen Corp. | 41,632 | 6,476 | |
Laboratory Corp. of America Holdings | 22,904 | 5,482 | |
Amgen Inc. | 18,384 | 4,259 | |
* | Neurocrine Biosciences Inc. | 28,442 | 2,932 |
* | Incyte Corp. | 33,999 | 2,617 |
* | Biogen Inc. | 6,594 | 1,779 |
* | Ionis Pharmaceuticals Inc. | 40,969 | 1,471 |
* | Centene Corp. | 20,264 | 1,386 |
* | DaVita Inc. | 14,284 | 1,175 |
*,2 | ABIOMED Inc. CVR | 718,252 | 733 |
4,705,901 | |||
Industrials (5.4%) | |||
* | Uber Technologies Inc. | 10,401,398 | 345,951 |
* | CoStar Group Inc. | 3,452,594 | 243,960 |
Watsco Inc. | 654,057 | 199,298 | |
TransUnion | 2,110,773 | 138,108 | |
Equifax Inc. | 630,562 | 127,708 | |
General Dynamics Corp. | 380,206 | 86,653 | |
Northrop Grumman Corp. | 174,010 | 80,760 | |
Airbus SE ADR | 2,073,517 | 67,804 |
Shares | Market Value• ($000) | ||
Caterpillar Inc. | 257,415 | 61,664 | |
Union Pacific Corp. | 228,240 | 47,310 | |
IDEX Corp. | 188,864 | 42,491 | |
United Rentals Inc. | 90,269 | 42,294 | |
WW Grainger Inc. | 57,457 | 38,406 | |
Allison Transmission Holdings Inc. | 756,380 | 35,928 | |
* | Delta Air Lines Inc. | 836,599 | 32,075 |
Deere & Co. | 76,221 | 31,955 | |
AGCO Corp. | 203,226 | 28,616 | |
Waste Management Inc. | 180,131 | 26,976 | |
Robert Half International Inc. | 273,274 | 22,031 | |
JB Hunt Transport Services Inc. | 58,699 | 10,612 | |
Lockheed Martin Corp. | 20,383 | 9,667 | |
Landstar System Inc. | 50,644 | 9,156 | |
Old Dominion Freight Line Inc. | 25,826 | 8,762 | |
CSX Corp. | 263,435 | 8,032 | |
Republic Services Inc. Class A | 60,073 | 7,745 | |
United Parcel Service Inc. Class B (XNYS) | 41,149 | 7,509 | |
Tetra Tech Inc. | 32,970 | 4,513 | |
* | Boeing Co. | 20,198 | 4,071 |
Cintas Corp. | 8,407 | 3,686 | |
Trane Technologies plc | 15,790 | 2,921 | |
Illinois Tool Works Inc. | 9,312 | 2,171 | |
Expeditors International of Washington Inc. | 13,164 | 1,376 | |
1,780,209 | |||
Information Technology (40.2%) | |||
Apple Inc. | 17,152,376 | 2,528,432 | |
Microsoft Corp. | 9,799,591 | 2,444,214 | |
NVIDIA Corp. | 5,588,395 | 1,297,402 | |
Mastercard Inc. Class A | 2,512,501 | 892,666 | |
Visa Inc. Class A | 2,723,155 | 598,931 | |
* | Shopify Inc. Class A (XTSE) | 11,076,451 | 455,685 |
* | Salesforce Inc. | 1,979,757 | 323,908 |
* | Snowflake Inc. Class A | 1,999,520 | 308,686 |
* | Adobe Inc. | 868,635 | 281,394 |
* | Atlassian Corp Ltd. Class A | 1,515,794 | 249,090 |
*,3 | Adyen NV | 147,977 | 209,747 |
* | Cloudflare Inc. Class A | 3,364,558 | 201,907 |
* | Workday Inc. Class A | 1,073,910 | 199,178 |
* | Advanced Micro Devices Inc. | 2,390,508 | 187,846 |
* | FleetCor Technologies Inc. | 812,819 | 174,585 |
Global Payments Inc. | 1,547,764 | 173,659 | |
* | Cadence Design Systems Inc. | 774,074 | 149,350 |
* | Twilio Inc. Class A | 2,088,632 | 140,377 |
* | Datadog Inc. Class A | 1,658,739 | 126,927 |
* | Block Inc. (XNYS) | 1,644,994 | 126,220 |
Microchip Technology Inc. | 1,519,692 | 123,141 | |
* | ServiceNow Inc. | 261,105 | 112,842 |
* | MongoDB Inc. Class A | 518,337 | 108,602 |
* | Zoom Video Communications Inc. Class A | 1,385,209 | 103,323 |
* | Ceridian HCM Holding Inc. | 1,304,038 | 95,103 |
Shares | Market Value• ($000) | ||
Marvell Technology Inc. | 2,096,853 | 94,673 | |
* | Autodesk Inc. | 471,141 | 93,611 |
Accenture plc Class A | 337,318 | 89,575 | |
* | HashiCorp Inc. Class A | 3,009,303 | 87,872 |
Intuit Inc. | 210,531 | 85,724 | |
* | Okta Inc. | 1,112,263 | 79,293 |
QUALCOMM Inc. | 591,423 | 73,058 | |
* | Crowdstrike Holdings Inc. Class A | 544,645 | 65,733 |
ASML Holding NV GDR (Registered) | 97,030 | 59,938 | |
Lam Research Corp. | 118,437 | 57,562 | |
Applied Materials Inc. | 469,779 | 54,565 | |
* | Synopsys Inc. | 148,797 | 54,126 |
Monolithic Power Systems Inc. | 101,662 | 49,234 | |
* | Fortinet Inc. | 804,976 | 47,848 |
* | VeriSign Inc. | 234,215 | 46,101 |
*,1 | Affirm Holdings Inc. | 3,316,182 | 45,166 |
Broadcom Inc. | 74,914 | 44,521 | |
* | Gartner Inc. | 127,483 | 41,790 |
Jabil Inc. | 450,570 | 37,411 | |
* | Manhattan Associates Inc. | 250,401 | 35,995 |
KLA Corp. | 92,777 | 35,198 | |
* | Dropbox Inc. Class A | 1,534,244 | 31,299 |
* | nCino Inc. | 1,102,684 | 30,048 |
* | ON Semiconductor Corp. | 358,847 | 27,778 |
* | Enphase Energy Inc. | 100,939 | 21,251 |
* | Nutanix Inc. Class A | 714,190 | 20,176 |
* | Splunk Inc. | 193,741 | 19,858 |
* | Teradata Corp. | 435,430 | 17,748 |
Texas Instruments Inc. | 93,360 | 16,007 | |
* | GoDaddy Inc. Class A | 177,807 | 13,462 |
Automatic Data Processing Inc. | 60,573 | 13,315 | |
Fidelity National Information Services Inc. | 175,157 | 11,100 | |
* | Arrow Electronics Inc. | 79,119 | 9,335 |
HP Inc. | 307,215 | 9,069 | |
* | Lattice Semiconductor Corp. | 104,894 | 8,912 |
* | EPAM Systems Inc. | 28,795 | 8,859 |
* | CommScope Holding Co. Inc. | 753,597 | 5,456 |
* | DocuSign Inc. Class A | 70,388 | 4,318 |
* | Palo Alto Networks Inc. | 16,297 | 3,070 |
Oracle Corp. | 33,051 | 2,889 | |
NetApp Inc. | 44,089 | 2,846 | |
NXP Semiconductors NV | 12,996 | 2,319 | |
CDW Corp. | 10,401 | 2,105 | |
* | Keysight Technologies Inc. | 6,487 | 1,038 |
13,174,467 | |||
Materials (0.4%) | |||
Steel Dynamics Inc. | 258,183 | 32,560 | |
*,1 | Ginkgo Bioworks Holdings Inc. | 18,631,948 | 27,389 |
Chemours Co. | 588,243 | 20,106 | |
CF Industries Holdings Inc. | 142,951 | 12,278 | |
Louisiana-Pacific Corp. | 180,705 | 10,573 | |
Olin Corp. | 168,233 | 9,715 | |
Mosaic Co. | 98,391 | 5,233 |
Shares | Market Value• ($000) | ||
Eagle Materials Inc. | 21,590 | 3,030 | |
Graphic Packaging Holding Co. | 98,349 | 2,341 | |
123,225 | |||
Real Estate (1.2%) | |||
American Tower Corp. | 1,191,308 | 235,891 | |
Equinix Inc. | 70,287 | 48,376 | |
Simon Property Group Inc. | 340,147 | 41,529 | |
*,1 | Redfin Corp. | 4,448,817 | 32,966 |
Extra Space Storage Inc. | 193,869 | 31,920 | |
Public Storage | 34,373 | 10,276 | |
SBA Communications Corp. Class A | 19,343 | 5,017 | |
405,975 | |||
Utilities (0.0%) | |||
National Fuel Gas Co. | 154,682 | 8,860 | |
Total Common Stocks (Cost $24,689,867) | 32,092,166 | ||
Temporary Cash Investments (2.4%) | |||
Money Market Fund (2.1%) | |||
4,5 | Vanguard Market Liquidity Fund, 4.640% | 7,006,908 | 700,621 |
Face Amount ($000) | |||
Repurchase Agreements (0.3%) | |||
Bank of America Securities, LLC 4.550%, 3/1/23 (Dated 2/28/23, Repurchase Value $63,708,000, collateralized by U.S. Treasury Note/Bond 2.000%, 11/15/26, with a value of $64,974,000) | 63,700 | 63,700 |
Face Amount ($000) | Market Value• ($000) | ||
Societe Generale 4.500%, 3/1/23 (Dated 2/28/23, Repurchase Value $21,603,000, collateralized by Ginnie Mae 4.500%, 6/20/52, with a value of $22,032,000) | 21,600 | 21,600 | |
85,300 | |||
Total Temporary Cash Investments (Cost $785,769) | 785,921 | ||
Total Investments (100.4%) (Cost $25,475,636) | 32,878,087 | ||
Other Assets and Liabilities—Net (-0.4%) | (143,795) | ||
Net Assets (100%) | 32,734,292 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $169,837,000. |
2 | Security value determined using significant unobservable inputs. |
3 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2023, the aggregate value was $209,747,000, representing 0.6% of net assets. |
4 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
5 | Collateral of $182,570,000 was received for securities on loan. |
ADR—American Depositary Receipt. | |
CVR—Contingent Value Rights. | |
GDR—Global Depositary Receipt. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini S&P 500 Index | March 2023 | 1,957 | 389,003 | (8,596) |
E-mini S&P Mid-Cap 400 Index | March 2023 | 262 | 68,204 | 2,896 |
(5,700) |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $24,775,167) | 32,177,466 |
Affiliated Issuers (Cost $700,469) | 700,621 |
Total Investments in Securities | 32,878,087 |
Investment in Vanguard | 1,194 |
Cash Collateral Pledged—Futures Contracts | 24,777 |
Receivables for Investment Securities Sold | 30,227 |
Receivables for Accrued Income | 20,973 |
Receivables for Capital Shares Issued | 7,491 |
Total Assets | 32,962,749 |
Liabilities | |
Due to Custodian | 4,772 |
Payables for Investment Securities Purchased | 22,306 |
Collateral for Securities on Loan | 182,570 |
Payables to Investment Advisor | 4,651 |
Payables for Capital Shares Redeemed | 10,824 |
Payables to Vanguard | 1,945 |
Variation Margin Payable—Futures Contracts | 1,389 |
Total Liabilities | 228,457 |
Net Assets | 32,734,292 |
1 Includes $169,837,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 26,884,270 |
Total Distributable Earnings (Loss) | 5,850,022 |
Net Assets | 32,734,292 |
Investor Shares—Net Assets | |
Applicable to 179,091,540 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 7,618,264 |
Net Asset Value Per Share—Investor Shares | $42.54 |
Admiral Shares—Net Assets | |
Applicable to 227,918,698 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 25,116,028 |
Net Asset Value Per Share—Admiral Shares | $110.20 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 97,534 |
Interest2 | 17,760 |
Securities Lending—Net | 1,926 |
Total Income | 117,220 |
Expenses | |
Investment Advisory Fees—Note B | |
Basic Fee | 20,844 |
Performance Adjustment | (10,768) |
The Vanguard Group—Note C | |
Management and Administrative—Investor Shares | 8,054 |
Management and Administrative—Admiral Shares | 14,696 |
Marketing and Distribution—Investor Shares | 202 |
Marketing and Distribution—Admiral Shares | 645 |
Custodian Fees | 77 |
Shareholders’ Reports—Investor Shares | 91 |
Shareholders’ Reports—Admiral Shares | 99 |
Trustees’ Fees and Expenses | 7 |
Other Expenses | 130 |
Total Expenses | 34,077 |
Expenses Paid Indirectly | (128) |
Net Expenses | 33,949 |
Net Investment Income | 83,271 |
Realized Net Gain (Loss) | |
Investment Securities Sold2 | (761,331) |
Futures Contracts | (5,829) |
Foreign Currencies | (464) |
Realized Net Gain (Loss) | (767,624) |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | (66,752) |
Futures Contracts | 6,164 |
Foreign Currencies | 103 |
Change in Unrealized Appreciation (Depreciation) | (60,485) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (744,838) |
1 | Dividends are net of foreign withholding taxes of ($827,000). |
2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $10,912,000, $59,000, $2,000, and $48,000, respectively. Purchases and sales are for temporary cash investment purposes. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 83,271 | 91,273 | |
Realized Net Gain (Loss) | (767,624) | (336,634) | |
Change in Unrealized Appreciation (Depreciation) | (60,485) | (18,791,793) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (744,838) | (19,037,154) | |
Distributions | |||
Investor Shares | (25,808) | (1,376,782) | |
Admiral Shares | (113,199) | (4,883,411) | |
Total Distributions | (139,007) | (6,260,193) | |
Capital Share Transactions | |||
Investor Shares | (121,027) | 131,521 | |
Admiral Shares | (742,442) | 4,702,896 | |
Net Increase (Decrease) from Capital Share Transactions | (863,469) | 4,834,417 | |
Total Increase (Decrease) | (1,747,314) | (20,462,930) | |
Net Assets | |||
Beginning of Period | 34,481,606 | 54,944,536 | |
End of Period | 32,734,292 | 34,481,606 |
Investor Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $43.59 | $76.41 | $62.28 | $41.02 | $43.31 | $35.62 |
Investment Operations | ||||||
Net Investment Income (Loss)1 | .091 | .074 | (.013) | .113 | .176 | .134 |
Net Realized and Unrealized Gain (Loss) on Investments | (.997) | (24.184) | 16.700 | 22.856 | .771 | 9.394 |
Total from Investment Operations | (.906) | (24.110) | 16.687 | 22.969 | .947 | 9.528 |
Distributions | ||||||
Dividends from Net Investment Income | (.144) | (.001) | (.019) | (.119) | (.132) | (.146) |
Distributions from Realized Capital Gains | — | (8.709) | (2.538) | (1.590) | (3.105) | (1.692) |
Total Distributions | (.144) | (8.710) | (2.557) | (1.709) | (3.237) | (1.838) |
Net Asset Value, End of Period | $42.54 | $43.59 | $76.41 | $62.28 | $41.02 | $43.31 |
Total Return2 | -2.07% | -35.32% | 27.52% | 58.01% | 3.70% | 27.64% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $7,618 | $7,935 | $13,405 | $12,410 | $8,819 | $4,582 |
Ratio of Total Expenses to Average Net Assets3 | 0.29%4 | 0.33%4 | 0.38% | 0.38% | 0.39% | 0.42% |
Ratio of Net Investment Income (Loss) to Average Net Assets | 0.42% | 0.13% | (0.02%) | 0.25% | 0.44% | 0.35% |
Portfolio Turnover Rate | 13% | 23% | 41% | 38% | 41% | 33% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Includes performance-based investment advisory fee increases (decreases) of (0.07%), (0.02%), 0.03%, 0.02%, 0.01%, and 0.01%. |
4 | The ratio of expenses to average net assets for the period net of reduction from broker commission abatement arrangements was 0.29% and 0.33%. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $112.99 | $198.03 | $161.42 | $106.30 | $112.28 | $92.24 |
Investment Operations | ||||||
Net Investment Income1 | .289 | .338 | .138 | .410 | .572 | .476 |
Net Realized and Unrealized Gain (Loss) on Investments | (2.587) | (62.667) | 43.277 | 59.231 | 1.963 | 24.323 |
Total from Investment Operations | (2.298) | (62.329) | 43.415 | 59.641 | 2.535 | 24.799 |
Distributions | ||||||
Dividends from Net Investment Income | (.492) | (.135) | (.224) | (.401) | (.464) | (.375) |
Distributions from Realized Capital Gains | — | (22.576) | (6.581) | (4.120) | (8.051) | (4.384) |
Total Distributions | (.492) | (22.711) | (6.805) | (4.521) | (8.515) | (4.759) |
Net Asset Value, End of Period | $110.20 | $112.99 | $198.03 | $161.42 | $106.30 | $112.28 |
Total Return2 | -2.02% | -35.26% | 27.64% | 58.17% | 3.80% | 27.78% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $25,116 | $26,547 | $41,539 | $27,860 | $17,060 | $6,249 |
Ratio of Total Expenses to Average Net Assets3 | 0.19%4 | 0.23%4 | 0.28% | 0.28% | 0.28% | 0.30% |
Ratio of Net Investment Income to Average Net Assets | 0.52% | 0.23% | 0.08% | 0.35% | 0.55% | 0.47% |
Portfolio Turnover Rate | 13% | 23% | 41% | 38% | 41% | 33% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Includes performance-based investment advisory fee increases (decreases) of (0.07%), (0.02%), 0.03%, 0.02%, 0.01%, and 0.01%. |
4 | The ratio of expenses to average net assets for the period net of reduction from broker commission abatement arrangements was 0.19% and 0.23%. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | The investment advisory firms Wellington Management Company llp, Jennison Associates LLC, and Baillie Gifford Overseas Ltd., each provide investment advisory services to a portion of the fund for a fee calculated at an annual percentage rate of average net assets managed by the advisor. The basic fees of Wellington Management Company llp and Jennison Associates LLC are subject to quarterly adjustments based on performance relative to the Russell 1000 Growth Index for the preceding three years. The basic fee of Baillie Gifford Overseas Ltd. is subject to quarterly adjustments based on performance relative to the S&P 500 Index for the preceding three years. |
C. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
D. | The fund has asked its investment advisors to direct certain security trades, subject to obtaining the best price and execution, to brokers who have agreed to rebate to the fund part of |
E. | 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 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 31,313,088 | 778,345 | 733 | 32,092,166 |
Temporary Cash Investments | 700,621 | 85,300 | — | 785,921 |
Total | 32,013,709 | 863,645 | 733 | 32,878,087 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 2,896 | — | — | 2,896 |
Liabilities | ||||
Futures Contracts1 | 8,596 | — | — | 8,596 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
F. | As of February 28, 2023, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 25,910,197 |
Gross Unrealized Appreciation | 11,353,226 |
Gross Unrealized Depreciation | (4,391,036) |
Net Unrealized Appreciation (Depreciation) | 6,962,190 |
G. | During the six months ended February 28, 2023, the fund purchased $4,257,921,000 of investment securities and sold $4,743,046,000 of investment securities, other than temporary cash investments. |
H. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Investor Shares | |||||
Issued | 274,672 | 6,602 | 1,523,268 | 28,740 | |
Issued in Lieu of Cash Distributions | 25,014 | 599 | 1,326,967 | 20,374 | |
Redeemed | (420,713) | (10,143) | (2,718,714) | (42,517) | |
Net Increase (Decrease)—Investor Shares | (121,027) | (2,942) | 131,521 | 6,597 | |
Admiral Shares | |||||
Issued | 922,759 | 8,575 | 5,943,274 | 38,050 | |
Issued in Lieu of Cash Distributions | 105,916 | 980 | 4,578,807 | 27,142 | |
Redeemed | (1,771,117) | (16,573) | (5,819,185) | (40,021) | |
Net Increase (Decrease)—Admiral Shares | (742,442) | (7,018) | 4,702,896 | 25,171 |
I. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
All rights reserved.
Vanguard Marketing Corporation, Distributor.
About Your Fund’s Expenses | 1 |
Financial Statements | 4 |
Trustees Approve Advisory Arrangements | 19 |
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2023 | |||
Beginning Account Value 8/31/2022 | Ending Account Value 2/28/2023 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
International Growth Fund | |||
Investor Shares | $1,000.00 | $1,065.10 | $2.41 |
Admiral™ Shares | 1,000.00 | 1,065.90 | 1.84 |
Based on Hypothetical 5% Yearly Return | |||
International Growth Fund | |||
Investor Shares | $1,000.00 | $1,022.46 | $2.36 |
Admiral Shares | 1,000.00 | 1,023.01 | 1.81 |
United States | 14.9% |
China | 11.2 |
Netherlands | 10.2 |
Germany | 7.1 |
Japan | 7.1 |
France | 6.9 |
United Kingdom | 6.6 |
Denmark | 5.4 |
Sweden | 4.9 |
Belgium | 3.5 |
Switzerland | 3.4 |
Taiwan | 3.2 |
Italy | 2.7 |
Hong Kong | 2.1 |
South Korea | 1.8 |
India | 1.7 |
Canada | 1.3 |
Brazil | 1.1 |
Spain | 1.0 |
Other | 3.9 |
Shares | Market Value• ($000) | ||
Common Stocks (98.2%) | |||
Australia (0.9%) | |||
WiseTech Global Ltd. | 8,981,963 | 379,567 | |
Austria (0.5%) | |||
Erste Group Bank AG | 6,076,433 | 238,518 | |
Belgium (3.4%) | |||
* | Argenx SE | 2,330,881 | 848,453 |
1 | Umicore SA | 14,372,956 | 479,031 |
UCB SA | 1,720,790 | 147,933 | |
1,475,417 | |||
Brazil (1.1%) | |||
* | NU Holdings Ltd. Class A | 51,727,593 | 260,707 |
Raia Drogasil SA | 23,642,122 | 102,418 | |
B3 SA - Brasil Bolsa Balcao | 50,281,852 | 101,323 | |
464,448 | |||
Canada (1.3%) | |||
Toronto-Dominion Bank | 5,233,224 | 348,434 | |
Canadian National Railway Co. | 1,757,351 | 200,154 | |
548,588 | |||
China (11.0%) | |||
Tencent Holdings Ltd. | 31,533,500 | 1,385,216 | |
*,2 | Meituan Class B | 48,443,758 | 840,738 |
* | Alibaba Group Holding Ltd. | 45,455,732 | 499,624 |
*,3 | NIO Inc. ADR | 38,610,070 | 362,549 |
*,2 | Wuxi Biologics Cayman Inc. | 39,421,000 | 275,953 |
Ping An Insurance Group Co. of China Ltd. Class H | 39,830,500 | 271,904 | |
* | Baidu Inc. ADR | 1,951,652 | 268,723 |
* | Pinduoduo Inc. ADR | 2,838,422 | 249,015 |
Shenzhen Inovance Technology Co. Ltd. Class A | 13,385,414 | 141,224 | |
JD.com Inc. Class A | 5,685,539 | 126,389 | |
2 | Ganfeng Lithium Co. Ltd. Class H | 17,907,000 | 125,086 |
China Mengniu Dairy Co. Ltd. | 25,642,000 | 112,868 |
Shares | Market Value• ($000) | ||
* | Full Truck Alliance Co. Ltd. ADR | 12,227,700 | 85,594 |
4,744,883 | |||
Denmark (5.3%) | |||
* | Genmab A/S | 2,449,802 | 921,736 |
Vestas Wind Systems A/S | 29,929,078 | 854,025 | |
Novo Nordisk A/S Class B | 1,775,300 | 250,770 | |
*,3 | Ambu A/S Class B | 13,067,267 | 191,489 |
Novozymes A/S Class B | 2,094,994 | 100,903 | |
2,318,923 | |||
France (6.8%) | |||
Kering SA | 2,161,368 | 1,267,255 | |
L'Oreal SA (XPAR) | 1,564,175 | 618,276 | |
Schneider Electric SE | 2,495,526 | 400,425 | |
Sanofi | 2,295,370 | 214,613 | |
TotalEnergies SE | 2,870,861 | 177,144 | |
Carrefour SA | 7,179,943 | 141,944 | |
Legrand SA | 1,212,505 | 111,996 | |
2,931,653 | |||
Germany (7.0%) | |||
*,1,2 | Zalando SE | 14,249,783 | 564,577 |
Sartorius AG Preference Shares | 1,154,927 | 490,576 | |
*,2 | Delivery Hero SE | 9,609,839 | 386,178 |
Infineon Technologies AG | 9,327,330 | 329,968 | |
Bayerische Motoren Werke AG | 3,180,463 | 328,114 | |
SAP SE | 2,804,238 | 318,592 | |
*,1 | HelloFresh SE | 10,336,074 | 231,554 |
Siemens AG (Registered) | 1,361,569 | 207,492 | |
*,3 | Dr. Ing Hc F Porsche AG Preference Shares | 986,382 | 118,873 |
*,1,3 | Jumia Technologies AG ADR | 6,724,836 | 22,663 |
*,1 | Home24 SE | 2,066,394 | 15,941 |
3,014,528 | |||
Hong Kong (2.1%) | |||
AIA Group Ltd. | 46,805,600 | 497,451 | |
Hong Kong Exchanges & Clearing Ltd. | 6,688,843 | 267,906 |
Shares | Market Value• ($000) | ||
BOC Hong Kong Holdings Ltd. | 39,124,000 | 132,409 | |
897,766 | |||
India (1.7%) | |||
Housing Development Finance Corp. Ltd. | 11,680,736 | 368,227 | |
HDFC Bank Ltd. | 13,081,486 | 253,002 | |
Larsen & Toubro Ltd. | 3,086,128 | 78,656 | |
*,4 | ANI Technologies Private Ltd. PP (Acquired 12/1/15, Cost $51,748) | 166,185 | 33,865 |
733,750 | |||
Indonesia (0.4%) | |||
Bank Central Asia Tbk PT | 297,088,500 | 170,392 | |
Israel (0.8%) | |||
*,1 | Wix.com Ltd. | 4,006,720 | 362,728 |
Italy (2.6%) | |||
Ferrari NV | 2,954,807 | 766,614 | |
FinecoBank Banca Fineco SpA | 12,497,117 | 215,956 | |
Prysmian SpA | 4,145,038 | 159,356 | |
1,141,926 | |||
Japan (6.9%) | |||
M3 Inc. | 23,057,700 | 549,862 | |
Nidec Corp. | 10,240,000 | 519,675 | |
SMC Corp. | 930,800 | 473,132 | |
Mitsubishi UFJ Financial Group Inc. | 39,816,600 | 282,280 | |
Sony Group Corp. | 2,986,100 | 249,687 | |
Bridgestone Corp. | 4,947,900 | 189,296 | |
KDDI Corp. | 4,457,300 | 130,411 | |
Keyence Corp. | 246,600 | 106,587 | |
Recruit Holdings Co. Ltd. | 3,725,200 | 99,894 | |
3 | SBI Holdings Inc. | 4,470,400 | 96,361 |
Murata Manufacturing Co. Ltd. | 1,706,700 | 91,355 | |
Kubota Corp. | 5,351,300 | 80,771 | |
Sekisui Chemical Co. Ltd. | 5,880,400 | 78,834 | |
MISUMI Group Inc. | 2,674,500 | 63,598 | |
3,011,743 | |||
Netherlands (10.1%) | |||
ASML Holding NV | 3,580,291 | 2,206,735 | |
*,2 | Adyen NV | 968,283 | 1,372,473 |
* | EXOR NV | 7,791,309 | 642,895 |
Universal Music Group NV | 5,714,271 | 134,636 | |
4,356,739 | |||
Norway (0.8%) | |||
*,2,3 | AutoStore Holdings Ltd. | 85,404,717 | 177,447 |
DNB Bank ASA | 7,848,488 | 156,618 | |
334,065 | |||
Singapore (0.4%) | |||
* | Sea Ltd. ADR | 2,479,980 | 154,974 |
Shares | Market Value• ($000) | ||
South Korea (1.8%) | |||
Samsung Electronics Co. Ltd. | 7,905,457 | 361,714 | |
* | Coupang Inc. | 15,030,499 | 233,123 |
Samsung SDI Co. Ltd. | 324,082 | 170,265 | |
765,102 | |||
Spain (1.0%) | |||
Banco Bilbao Vizcaya Argentaria SA | 28,886,569 | 224,536 | |
Iberdrola SA (XMAD) | 16,755,171 | 192,072 | |
416,608 | |||
Sweden (4.8%) | |||
* | Spotify Technology SA | 9,425,378 | 1,096,172 |
Atlas Copco AB Class A | 47,384,892 | 562,564 | |
* | Kinnevik AB Class B | 15,093,719 | 224,472 |
Svenska Handelsbanken AB Class A | 15,511,612 | 164,531 | |
Nibe Industrier AB Class B | 4,606,132 | 47,626 | |
2,095,365 | |||
Switzerland (3.3%) | |||
Roche Holding AG | 1,208,987 | 348,598 | |
Nestle SA (Registered) | 2,552,446 | 287,586 | |
Lonza Group AG (Registered) | 344,528 | 205,215 | |
Temenos AG (Registered) | 2,177,560 | 160,164 | |
Cie Financiere Richemont SA Class A (Registered) | 947,068 | 143,099 | |
Chocoladefabriken Lindt & Spruengli AG Ptg. Ctf. | 11,801 | 129,288 | |
Alcon Inc. | 1,436,689 | 97,957 | |
Sika AG (Registered) | 284,049 | 79,654 | |
1,451,561 | |||
Taiwan (3.1%) | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 81,671,000 | 1,351,156 | |
United Kingdom (6.5%) | |||
Shell plc (XETR) | 11,500,265 | 349,503 | |
*,1 | Ocado Group plc | 47,079,148 | 311,100 |
AstraZeneca plc | 2,246,174 | 292,627 | |
* | Wise plc Class A | 34,068,380 | 239,084 |
*,1,4 | Brandtech Group Class A PP (Acquired 9/23/15, Cost $44,800) | 33,633,606 | 227,262 |
Reckitt Benckiser Group plc | 2,849,988 | 197,746 | |
Shell plc | 6,462,133 | 196,384 | |
HSBC Holdings plc | 25,328,257 | 194,016 | |
Burberry Group plc | 5,734,082 | 170,271 | |
National Grid plc | 13,078,686 | 164,134 | |
Diageo plc | 3,466,996 | 147,127 | |
RELX plc | 3,822,061 | 115,256 | |
Bunzl plc | 3,230,754 | 115,115 |
Shares | Market Value• ($000) | ||
Whitbread plc | 2,260,091 | 83,823 | |
2,803,448 | |||
United States (14.6%) | |||
* | MercadoLibre Inc. | 1,915,777 | 2,337,248 |
* | Moderna Inc. | 9,417,081 | 1,307,185 |
* | Tesla Inc. | 3,429,642 | 705,512 |
* | Illumina Inc. | 3,221,940 | 641,810 |
NVIDIA Corp. | 1,758,538 | 408,262 | |
*,1 | Elastic NV | 4,896,014 | 288,963 |
* | Booking Holdings Inc. | 73,474 | 185,448 |
* | SolarEdge Technologies Inc. | 514,395 | 163,536 |
*,3 | Mobileye Global Inc. Class A | 3,783,547 | 149,488 |
* | Lululemon Athletica Inc. | 279,256 | 86,346 |
*,3 | Oatly Group AB ADR | 22,087,214 | 48,592 |
*,1 | Meli Kaszek Pioneer Corp. Class A | 1,884,672 | 19,243 |
6,341,633 | |||
Total Common Stocks (Cost $33,412,600) | 42,505,481 | ||
Temporary Cash Investments (2.3%) | |||
Money Market Fund (2.3%) | |||
5,6 | Vanguard Market Liquidity Fund, 4.640% (Cost $990,599) | 9,907,632 | 990,664 |
Total Investments (100.5%) (Cost $34,403,199) | 43,496,145 | ||
Other Assets and Liabilities—Net (-0.5%) | (198,050) | ||
Net Assets (100%) | 43,298,095 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Considered an affiliated company of the fund as the fund owns more than 5% of the outstanding voting securities of such company. |
2 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2023, the aggregate value was $3,742,452,000, representing 8.6% of net assets. |
3 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $270,386,000. |
4 | Security value determined using significant unobservable inputs. |
5 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
6 | Collateral of $295,070,000 was received for securities on loan, of which $289,582,000 is held in Vanguard Market Liquidity Fund and $5,488,000 is held in cash. |
ADR—American Depositary Receipt. | |
PP—Private Placement. | |
Ptg. Ctf.—Participating Certificates. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
MSCI EAFE Index | March 2023 | 3,353 | 343,113 | 4,178 |
MSCI Emerging Markets Index | March 2023 | 2,835 | 136,491 | (6,345) |
(2,167) |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $30,255,492) | 39,982,419 |
Affiliated Issuers (Cost $4,147,707) | 3,513,726 |
Total Investments in Securities | 43,496,145 |
Investment in Vanguard | 1,623 |
Cash | 46,734 |
Cash Collateral Pledged—Futures Contracts | 15,369 |
Cash Collateral Pledged—Forward Currency Contracts | 240 |
Foreign Currency, at Value (Cost $40,173) | 40,607 |
Receivables for Investment Securities Sold | 1,659 |
Receivables for Accrued Income | 166,632 |
Receivables for Capital Shares Issued | 21,721 |
Other Assets | 421 |
Total Assets | 43,791,151 |
Liabilities | |
Payables for Investment Securities Purchased | 131,161 |
Collateral for Securities on Loan | 295,070 |
Payables to Investment Advisor | 19,928 |
Payables for Capital Shares Redeemed | 20,990 |
Payables to Vanguard | 4,570 |
Variation Margin Payable—Futures Contracts | 3,635 |
Deferred Foreign Capital Gains Taxes | 17,702 |
Total Liabilities | 493,056 |
Net Assets | 43,298,095 |
1 Includes $270,386,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 34,208,345 |
Total Distributable Earnings (Loss) | 9,089,750 |
Net Assets | 43,298,095 |
Investor Shares—Net Assets | |
Applicable to 210,110,401 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 6,373,247 |
Net Asset Value Per Share—Investor Shares | $30.33 |
Admiral Shares—Net Assets | |
Applicable to 382,847,392 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 36,924,848 |
Net Asset Value Per Share—Admiral Shares | $96.45 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends—Unaffiliated Issuers1 | 223,732 |
Interest—Unaffiliated Issuers | 252 |
Interest—Affiliated Issuers | 8,916 |
Securities Lending—Net | 925 |
Total Income | 233,825 |
Expenses | |
Investment Advisory Fees—Note B | |
Basic Fee | 29,715 |
Performance Adjustment | 10,592 |
The Vanguard Group—Note C | |
Management and Administrative—Investor Shares | 7,523 |
Management and Administrative—Admiral Shares | 24,440 |
Marketing and Distribution—Investor Shares | 165 |
Marketing and Distribution—Admiral Shares | 888 |
Custodian Fees | 1,222 |
Shareholders’ Reports—Investor Shares | 76 |
Shareholders’ Reports—Admiral Shares | 169 |
Trustees’ Fees and Expenses | 9 |
Other Expenses | 3,354 |
Total Expenses | 78,153 |
Net Investment Income | 155,672 |
Realized Net Gain (Loss) | |
Capital Gains Distributions Received – Affiliated Issuers | 1 |
Investment Securities Sold—Unaffiliated Issuers | 564,587 |
Investment Securities Sold—Affiliated Issuers | (74,509) |
Futures Contracts | 20,999 |
Foreign Currencies | (2,760) |
Realized Net Gain (Loss) | 508,318 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities—Unaffiliated Issuers2 | 1,758,920 |
Investment Securities—Affiliated Issuers | 212,010 |
Futures Contracts | 6,226 |
Foreign Currencies | 5,574 |
Change in Unrealized Appreciation (Depreciation) | 1,982,730 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 2,646,720 |
1 | Dividends include foreign tax reclaims of $10,210,000 and are net of foreign withholding taxes of $17,704,000. |
2 | The change in unrealized appreciation (depreciation) is net of the change in deferred foreign capital gains taxes of $7,612,000. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 155,672 | 566,924 | |
Realized Net Gain (Loss) | 508,318 | 2,364,831 | |
Change in Unrealized Appreciation (Depreciation) | 1,982,730 | (28,757,006) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 2,646,720 | (25,825,251) | |
Distributions | |||
Investor Shares | (395,795) | (1,151,429) | |
Admiral Shares | (2,317,349) | (7,014,600) | |
Total Distributions | (2,713,144) | (8,166,029) | |
Capital Share Transactions | |||
Investor Shares | 134,115 | (158,025) | |
Admiral Shares | 552,782 | 3,238,161 | |
Net Increase (Decrease) from Capital Share Transactions | 686,897 | 3,080,136 | |
Total Increase (Decrease) | 620,473 | (30,911,144) | |
Net Assets | |||
Beginning of Period | 42,677,622 | 73,588,766 | |
End of Period | 43,298,095 | 42,677,622 |
Investor Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $30.33 | $54.50 | $42.94 | $28.30 | $31.23 | $28.38 |
Investment Operations | ||||||
Net Investment Income1 | .097 | .362 | .374 | .238 | .342 | .381 |
Net Realized and Unrealized Gain (Loss) on Investments | 1.864 | (18.463) | 12.336 | 14.791 | (1.941) | 2.722 |
Total from Investment Operations | 1.961 | (18.101) | 12.710 | 15.029 | (1.599) | 3.103 |
Distributions | ||||||
Dividends from Net Investment Income | (.390) | (.407) | (.106) | (.389) | (.403) | (.253) |
Distributions from Realized Capital Gains | (1.571) | (5.662) | (1.044) | — | (.928) | — |
Total Distributions | (1.961) | (6.069) | (1.150) | (.389) | (1.331) | (.253) |
Net Asset Value, End of Period | $30.33 | $30.33 | $54.50 | $42.94 | $28.30 | $31.23 |
Total Return2 | 6.51% | -36.53% | 29.89% | 53.60% | -4.58% | 10.97% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $6,373 | $6,243 | $11,247 | $9,658 | $7,056 | $8,074 |
Ratio of Total Expenses to Average Net Assets3 | 0.47%4 | 0.45%4 | 0.43% | 0.44% | 0.43% | 0.45% |
Ratio of Net Investment Income to Average Net Assets | 0.62% | 0.91% | 0.75% | 0.74% | 1.23% | 1.25% |
Portfolio Turnover Rate | 8% | 15% | 25% | 20% | 13% | 16% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Includes performance-based investment advisory fee increases (decreases) of 0.05%, 0.04%, 0.03%, 0.04%, 0.03%, and 0.03%. |
4 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.47% and 0.45%, respectively. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $96.50 | $173.47 | $136.68 | $90.05 | $99.45 | $90.24 |
Investment Operations | ||||||
Net Investment Income1 | .360 | 1.290 | 1.367 | .863 | 1.203 | 1.365 |
Net Realized and Unrealized Gain (Loss) on Investments | 5.949 | (58.729) | 39.246 | 47.105 | (6.230) | 8.652 |
Total from Investment Operations | 6.309 | (57.439) | 40.613 | 47.968 | (5.027) | 10.017 |
Distributions | ||||||
Dividends from Net Investment Income | (1.358) | (1.502) | (.497) | (1.338) | (1.418) | (.807) |
Distributions from Realized Capital Gains | (5.001) | (18.029) | (3.326) | — | (2.955) | — |
Total Distributions | (6.359) | (19.531) | (3.823) | (1.338) | (4.373) | (.807) |
Net Asset Value, End of Period | $96.45 | $96.50 | $173.47 | $136.68 | $90.05 | $99.45 |
Total Return2 | 6.59% | -36.46% | 30.01% | 53.81% | -4.50% | 11.14% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $36,925 | $36,435 | $62,342 | $46,906 | $28,549 | $29,170 |
Ratio of Total Expenses to Average Net Assets3 | 0.36%4 | 0.34%4 | 0.32% | 0.33% | 0.32% | 0.32% |
Ratio of Net Investment Income to Average Net Assets | 0.73% | 1.02% | 0.86% | 0.83% | 1.34% | 1.38% |
Portfolio Turnover Rate | 8% | 15% | 25% | 20% | 13% | 16% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Includes performance-based investment advisory fee increases (decreases) of 0.05%, 0.04%, 0.03%, 0.04%, 0.03%, and 0.03%. |
4 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.36% and 0.34%, respectively. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | The investment advisory firms Baillie Gifford Overseas Ltd. and Schroder Investment Management North America Inc. each provide investment advisory services to a portion of the fund for a fee calculated at an annual percentage rate of average net assets managed by the advisor. The basic fees of Baillie Gifford Overseas Ltd. and Schroder Investment Management North America Inc. are subject to quarterly adjustments based on performance relative to the MSCI All Country World Index ex USA for the preceding three years. |
C. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
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 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks—North and South America | 7,354,669 | — | — | 7,354,669 |
Common Stocks—Other | 2,835,541 | 32,054,144 | 261,127 | 35,150,812 |
Temporary Cash Investments | 990,664 | — | — | 990,664 |
Total | 11,180,874 | 32,054,144 | 261,127 | 43,496,145 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 4,178 | — | — | 4,178 |
Liabilities | ||||
Futures Contracts1 | 6,345 | — | — | 6,345 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
E. | As of February 28, 2023, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 34,598,343 |
Gross Unrealized Appreciation | 13,339,910 |
Gross Unrealized Depreciation | (4,444,275) |
Net Unrealized Appreciation (Depreciation) | 8,895,635 |
F. | During the six months ended February 28, 2023, the fund purchased $3,104,343,000 of investment securities and sold $5,158,621,000 of investment securities, other than temporary cash investments. |
G. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Investor Shares | |||||
Issued | 234,249 | 7,753 | 959,453 | 24,871 | |
Issued in Lieu of Cash Distributions | 380,810 | 12,647 | 1,096,647 | 25,374 | |
Redeemed | (480,944) | (16,125) | (2,214,125) | (50,772) | |
Net Increase (Decrease)—Investor Shares | 134,115 | 4,275 | (158,025) | (527) |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Admiral Shares | |||||
Issued | 2,419,913 | 25,457 | 7,087,254 | 55,305 | |
Issued in Lieu of Cash Distributions | 2,093,356 | 21,868 | 6,273,065 | 45,655 | |
Redeemed | (3,960,487) | (42,033) | (10,122,158) | (82,784) | |
Net Increase (Decrease)—Admiral Shares | 552,782 | 5,292 | 3,238,161 | 18,176 |
H. | Certain of the fund’s investments are in companies that are considered to be affiliated companies of the fund because the fund owns more than 5% of the outstanding voting securities of the company or the issuer is another member of The Vanguard Group. Transactions during the period in securities of these companies were as follows: |
Current Period Transactions | ||||||||
Aug. 31, 2022 Market Value ($000) | Purchases at Cost ($000) | Proceeds from Securities Sold ($000) | Realized Net Gain (Loss) ($000) | Change in Unrealized App. (Dep.) ($000) | Income ($000) | Capital Gain Distributions Received ($000) | Feb. 28, 2023 Market Value ($000) | |
Brandtech Group Class A | 273,441 | — | — | — | (46,179) | — | — | 227,262 |
Elastic NV | NA1 | 172,343 | — | — | (71,312) | — | — | 288,963 |
HelloFresh SE | 246,784 | — | — | — | (15,230) | — | — | 231,554 |
Home24 SE | 5,957 | — | — | — | 9,984 | — | — | 15,941 |
Jumia Technologies AG ADR | 49,697 | — | — | — | (27,034) | — | — | 22,663 |
Meli Kaszek Pioneer Corp. Class A | 18,753 | — | — | — | 490 | — | — | 19,243 |
Ocado Group plc | 395,659 | — | — | — | (84,559) | — | — | 311,100 |
Umicore SA | 476,466 | — | 21,907 | (12,535) | 37,007 | — | — | 479,031 |
Vanguard Market Liquidity Fund | 669,750 | NA2 | NA2 | 123 | (21) | 8,916 | 1 | 990,664 |
Wix.com Ltd. | 261,448 | — | 10,300 | (26,319) | 137,899 | — | — | 362,728 |
Zalando SE | 338,543 | — | 9,153 | (35,778) | 270,965 | — | — | 564,577 |
Total | 2,736,498 | 172,343 | 41,360 | (74,509) | 212,010 | 8,916 | 1 | 3,513,726 |
1 | Not applicable—at August 31, 2022, the issuer was not an affiliated company of the fund. |
2 | Not applicable—purchases and sales are for temporary cash investment purposes. |
I. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
All rights reserved.
Vanguard Marketing Corporation, Distributor.
About Your Fund’s Expenses | 1 |
Financial Statements | 4 |
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2023 | |||
Beginning Account Value 8/31/2022 | Ending Account Value 2/28/2023 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
FTSE Social Index Fund | |||
Admiral™ Shares | $1,000.00 | $1,004.00 | $0.70 |
Institutional Shares | 1,000.00 | 1,003.90 | 0.60 |
Based on Hypothetical 5% Yearly Return | |||
FTSE Social Index Fund | |||
Admiral Shares | $1,000.00 | $1,024.10 | $0.70 |
Institutional Shares | 1,000.00 | 1,024.20 | 0.60 |
Basic Materials | 1.9% |
Consumer Discretionary | 16.1 |
Consumer Staples | 6.1 |
Energy | 0.2 |
Financials | 11.4 |
Health Care | 15.3 |
Industrials | 10.3 |
Real Estate | 3.3 |
Technology | 31.8 |
Telecommunications | 3.1 |
Utilities | 0.5 |
Shares | Market Value• ($000) | ||
Common Stocks (100.0%) | |||
Basic Materials (1.9%) | |||
Linde plc | 235,497 | 82,040 | |
Air Products and Chemicals Inc. | 105,807 | 30,259 | |
Nucor Corp. | 121,869 | 20,406 | |
Newmont Corp. | 377,681 | 16,471 | |
Fastenal Co. | 276,074 | 14,234 | |
Albemarle Corp. | 55,632 | 14,148 | |
LyondellBasell Industries NV Class A | 122,220 | 11,732 | |
International Flavors & Fragrances Inc. | 121,182 | 11,294 | |
Steel Dynamics Inc. | 79,200 | 9,988 | |
Mosaic Co. | 161,400 | 8,585 | |
CF Industries Holdings Inc. | 92,939 | 7,982 | |
FMC Corp. | 59,780 | 7,721 | |
Avery Dennison Corp. | 38,625 | 7,037 | |
International Paper Co. | 168,979 | 6,149 | |
Westlake Corp. | 15,600 | 1,858 | |
249,904 | |||
Consumer Discretionary (16.1%) | |||
* | Amazon.com Inc. | 4,234,740 | 399,040 |
* | Tesla Inc. | 1,231,362 | 253,303 |
Home Depot Inc. | 492,271 | 145,978 | |
Costco Wholesale Corp. | 211,045 | 102,184 | |
McDonald's Corp. | 352,066 | 92,914 | |
* | Walt Disney Co. | 869,004 | 86,561 |
NIKE Inc. Class B | 584,302 | 69,409 | |
* | Netflix Inc. | 208,703 | 67,229 |
Lowe's Cos. Inc. | 296,184 | 60,940 | |
Starbucks Corp. | 546,791 | 55,822 | |
* | Booking Holdings Inc. | 18,481 | 46,646 |
TJX Cos. Inc. | 552,328 | 42,308 | |
Target Corp. | 220,396 | 37,137 | |
* | Uber Technologies Inc. | 913,795 | 30,393 |
Activision Blizzard Inc. | 369,718 | 28,191 | |
* | MercadoLibre Inc. | 21,964 | 26,796 |
Estee Lauder Cos. Inc. Class A | 109,202 | 26,542 | |
* | O'Reilly Automotive Inc. | 29,474 | 24,466 |
Dollar General Corp. | 107,277 | 23,204 | |
Ford Motor Co. | 1,875,986 | 22,643 | |
* | AutoZone Inc. | 9,104 | 22,637 |
* | Airbnb Inc. Class A | 178,300 | 21,981 |
Marriott International Inc. Class A | 126,200 | 21,358 |
Shares | Market Value• ($000) | ||
* | Chipotle Mexican Grill Inc. Class A | 13,300 | 19,831 |
Hilton Worldwide Holdings Inc. | 126,610 | 18,296 | |
Ross Stores Inc. | 162,129 | 17,922 | |
* | Warner Bros Discovery Inc. | 1,121,722 | 17,521 |
Yum! Brands Inc. | 133,980 | 17,037 | |
* | Lululemon Athletica Inc. | 53,111 | 16,422 |
* | Aptiv plc | 129,684 | 15,080 |
* | Dollar Tree Inc. | 100,978 | 14,670 |
Electronic Arts Inc. | 131,697 | 14,610 | |
* | Copart Inc. | 202,465 | 14,266 |
* | Ulta Beauty Inc. | 23,967 | 12,434 |
Tractor Supply Co. | 52,438 | 12,232 | |
eBay Inc. | 257,865 | 11,836 | |
Genuine Parts Co. | 66,064 | 11,684 | |
* | Trade Desk Inc. Class A | 208,400 | 11,662 |
Lennar Corp. Class A | 119,144 | 11,526 | |
Omnicom Group Inc. | 96,588 | 8,748 | |
* | Take-Two Interactive Software Inc. | 77,484 | 8,488 |
Best Buy Co. Inc. | 95,565 | 7,942 | |
* | Expedia Group Inc. | 71,869 | 7,832 |
* | Spotify Technology SA | 66,613 | 7,747 |
* | Coupang Inc. | 478,500 | 7,422 |
* | Royal Caribbean Cruises Ltd. | 104,710 | 7,397 |
* | Etsy Inc. | 59,344 | 7,205 |
Garmin Ltd. | 73,207 | 7,184 | |
* | NVR Inc. | 1,387 | 7,176 |
LKQ Corp. | 118,674 | 6,799 | |
* | Burlington Stores Inc. | 31,236 | 6,692 |
Interpublic Group of Cos. Inc. | 184,213 | 6,547 | |
Pool Corp. | 18,100 | 6,459 | |
* | Roblox Corp. Class A | 172,275 | 6,312 |
PulteGroup Inc. | 107,780 | 5,892 | |
1 | Paramount Global Inc. Class B | 274,207 | 5,874 |
BorgWarner Inc. (XNYS) | 110,682 | 5,565 | |
* | Live Nation Entertainment Inc. | 74,024 | 5,334 |
* | CarMax Inc. | 75,088 | 5,184 |
Fox Corp. Class A | 141,214 | 4,945 | |
Domino's Pizza Inc. | 16,800 | 4,939 | |
* | Carnival Corp. | 462,482 | 4,912 |
* | Rivian Automotive Inc. Class A | 247,105 | 4,769 |
Vail Resorts Inc. | 19,100 | 4,460 |
Shares | Market Value• ($000) | ||
Bath & Body Works Inc. | 108,780 | 4,446 | |
Advance Auto Parts Inc. | 28,525 | 4,135 | |
VF Corp. | 166,297 | 4,127 | |
Aramark | 110,187 | 4,055 | |
Lear Corp. | 27,956 | 3,904 | |
Rollins Inc. | 109,995 | 3,872 | |
Autoliv Inc. | 41,545 | 3,846 | |
News Corp. Class A | 214,800 | 3,684 | |
Whirlpool Corp. | 25,388 | 3,503 | |
Hasbro Inc. | 62,440 | 3,435 | |
Gentex Corp. | 112,010 | 3,198 | |
* | Delta Air Lines Inc. | 76,521 | 2,934 |
Newell Brands Inc. | 178,742 | 2,626 | |
Southwest Airlines Co. | 70,767 | 2,376 | |
*,1 | Lucid Group Inc. | 253,000 | 2,310 |
* | Liberty Media Corp.- Liberty SiriusXM Class C | 71,100 | 2,291 |
Fox Corp. Class B | 67,472 | 2,176 | |
* | United Airlines Holdings Inc. | 38,751 | 2,014 |
*,1 | AMC Entertainment Holdings Inc. Class A | 245,100 | 1,750 |
1 | Sirius XM Holdings Inc. | 334,970 | 1,471 |
* | Liberty Media Corp.- Liberty SiriusXM Class A | 38,000 | 1,231 |
* | American Airlines Group Inc. | 76,894 | 1,229 |
Lennar Corp. Class B | 7,255 | 592 | |
News Corp. Class B | 22,600 | 390 | |
2,172,130 | |||
Consumer Staples (6.1%) | |||
Procter & Gamble Co. | 1,124,234 | 154,650 | |
PepsiCo Inc. | 658,605 | 114,288 | |
Coca-Cola Co. | 1,860,065 | 110,692 | |
CVS Health Corp. | 624,037 | 52,132 | |
Mondelez International Inc. Class A | 648,909 | 42,296 | |
Colgate-Palmolive Co. | 394,078 | 28,886 | |
McKesson Corp. | 67,476 | 23,604 | |
General Mills Inc. | 283,519 | 22,543 | |
Corteva Inc. | 340,230 | 21,193 | |
Archer-Daniels-Midland Co. | 260,500 | 20,736 | |
Kimberly-Clark Corp. | 161,142 | 20,151 | |
Sysco Corp. | 241,960 | 18,043 | |
* | Monster Beverage Corp. | 174,341 | 17,741 |
Hershey Co. | 69,392 | 16,537 | |
Keurig Dr Pepper Inc. | 407,326 | 14,073 | |
Kroger Co. | 311,342 | 13,431 | |
Kraft Heinz Co. | 332,049 | 12,930 | |
Walgreens Boots Alliance Inc. | 340,868 | 12,111 | |
AmerisourceBergen Corp. | 73,716 | 11,467 | |
Church & Dwight Co. Inc. | 115,241 | 9,655 | |
Clorox Co. | 58,641 | 9,115 | |
McCormick & Co. Inc. | 119,068 | 8,849 | |
Conagra Brands Inc. | 223,520 | 8,138 | |
Tyson Foods Inc. Class A | 135,507 | 8,027 | |
Kellogg Co. | 121,135 | 7,988 | |
J M Smucker Co. | 48,884 | 7,229 | |
Lamb Weston Holdings Inc. | 68,358 | 6,880 | |
Bunge Ltd. | 65,599 | 6,265 |
Shares | Market Value• ($000) | ||
Hormel Foods Corp. | 136,270 | 6,048 | |
Coca-Cola Europacific Partners plc | 95,900 | 5,274 | |
Campbell Soup Co. | 91,948 | 4,829 | |
* | Olaplex Holdings Inc. | 59,200 | 291 |
816,092 | |||
Energy (0.2%) | |||
* | Enphase Energy Inc. | 62,192 | 13,093 |
* | SolarEdge Technologies Inc. | 26,185 | 8,325 |
*,1 | Plug Power Inc. | 246,782 | 3,670 |
25,088 | |||
Financials (11.4%) | |||
JPMorgan Chase & Co. | 1,389,259 | 199,150 | |
Bank of America Corp. | 3,346,723 | 114,793 | |
Morgan Stanley | 586,807 | 56,627 | |
Charles Schwab Corp. | 723,488 | 56,374 | |
Goldman Sachs Group Inc. | 156,425 | 55,007 | |
S&P Global Inc. | 155,287 | 52,984 | |
BlackRock Inc. | 71,440 | 49,253 | |
Citigroup Inc. | 921,445 | 46,708 | |
Chubb Ltd. | 198,059 | 41,794 | |
Progressive Corp. | 277,969 | 39,894 | |
Marsh & McLennan Cos. Inc. | 236,197 | 38,297 | |
CME Group Inc. | 170,836 | 31,666 | |
US Bancorp | 638,637 | 30,482 | |
PNC Financial Services Group Inc. | 192,516 | 30,402 | |
Blackstone Inc. | 333,005 | 30,237 | |
Truist Financial Corp. | 632,615 | 29,701 | |
Aon plc Class A (XNYS) | 97,574 | 29,667 | |
Intercontinental Exchange Inc. | 262,554 | 26,728 | |
MetLife Inc. | 314,226 | 22,539 | |
Moody's Corp. | 75,972 | 22,043 | |
American International Group Inc. | 353,813 | 21,621 | |
Travelers Cos. Inc. | 111,333 | 20,610 | |
Aflac Inc. | 293,391 | 19,995 | |
MSCI Inc. Class A | 36,914 | 19,275 | |
Arthur J Gallagher & Co. | 98,964 | 18,541 | |
Bank of New York Mellon Corp. | 349,480 | 17,782 | |
Prudential Financial Inc. | 176,873 | 17,687 | |
Ameriprise Financial Inc. | 50,604 | 17,351 | |
Apollo Global Management Inc. | 231,900 | 16,442 | |
Allstate Corp. | 125,522 | 16,165 | |
State Street Corp. | 174,330 | 15,460 | |
KKR & Co. Inc. | 271,799 | 15,316 | |
Discover Financial Services | 129,769 | 14,534 | |
M&T Bank Corp. | 81,649 | 12,679 | |
Willis Towers Watson plc | 51,188 | 11,996 | |
Hartford Financial Services Group Inc. | 151,124 | 11,830 | |
* | Arch Capital Group Ltd. | 168,442 | 11,791 |
Fifth Third Bancorp | 324,028 | 11,762 | |
T Rowe Price Group Inc. | 104,602 | 11,745 | |
First Republic Bank | 86,395 | 10,627 | |
Huntington Bancshares Inc. | 681,472 | 10,440 | |
Regions Financial Corp. | 444,183 | 10,358 | |
Principal Financial Group Inc. | 115,047 | 10,304 |
Shares | Market Value• ($000) | ||
Raymond James Financial Inc. | 92,539 | 10,037 | |
Citizens Financial Group Inc. | 232,269 | 9,700 | |
Northern Trust Corp. | 97,789 | 9,316 | |
Nasdaq Inc. | 163,563 | 9,169 | |
Cincinnati Financial Corp | 72,756 | 8,782 | |
* | Markel Corp. | 6,352 | 8,447 |
KeyCorp | 442,018 | 8,084 | |
* | SVB Financial Group | 27,950 | 8,053 |
Broadridge Financial Solutions Inc. | 55,502 | 7,814 | |
FactSet Research Systems Inc. | 18,057 | 7,486 | |
Everest Re Group Ltd. | 18,486 | 7,098 | |
W R Berkley Corp. | 97,947 | 6,483 | |
Cboe Global Markets Inc. | 50,255 | 6,341 | |
Brown & Brown Inc. | 112,440 | 6,304 | |
MarketAxess Holdings Inc. | 17,664 | 6,031 | |
Equitable Holdings Inc. | 175,521 | 5,515 | |
Globe Life Inc. | 42,508 | 5,173 | |
Fidelity National Financial Inc. | 123,613 | 4,927 | |
Annaly Capital Management Inc. | 222,228 | 4,596 | |
RenaissanceRe Holdings Ltd. | 20,418 | 4,388 | |
Comerica Inc. | 62,104 | 4,353 | |
Ally Financial Inc. | 142,013 | 4,267 | |
Credicorp Ltd. | 32,370 | 4,125 | |
Franklin Resources Inc. | 135,674 | 3,998 | |
Commerce Bancshares Inc. | 53,799 | 3,559 | |
Zions Bancorp NA | 69,846 | 3,536 | |
Voya Financial Inc. | 46,208 | 3,442 | |
Signature Bank | 29,470 | 3,391 | |
Assurant Inc. | 25,332 | 3,227 | |
SEI Investments Co. | 48,891 | 2,946 | |
1 | AGNC Investment Corp. | 269,910 | 2,934 |
Lincoln National Corp. | 80,610 | 2,557 | |
CNA Financial Corp. | 12,700 | 556 | |
F&G Annuities & Life Inc. | 8,514 | 173 | |
1,535,465 | |||
Health Care (15.3%) | |||
UnitedHealth Group Inc. | 445,701 | 212,127 | |
AbbVie Inc. | 841,874 | 129,564 | |
Merck & Co. Inc. | 1,204,998 | 128,019 | |
Eli Lilly & Co. | 401,435 | 124,935 | |
Pfizer Inc. | 2,693,223 | 109,264 | |
Thermo Fisher Scientific Inc. | 186,480 | 101,027 | |
Abbott Laboratories | 817,348 | 83,141 | |
Danaher Corp. | 308,636 | 76,397 | |
Bristol-Myers Squibb Co. | 1,015,217 | 70,009 | |
Amgen Inc. | 254,715 | 59,007 | |
Elevance Health Inc. | 114,749 | 53,894 | |
Medtronic plc | 636,251 | 52,682 | |
Gilead Sciences Inc. | 597,500 | 48,117 | |
Stryker Corp. | 167,647 | 44,071 | |
Cigna Group | 142,932 | 41,750 | |
* | Intuitive Surgical Inc. | 168,312 | 38,609 |
* | Regeneron Pharmaceuticals Inc. | 49,384 | 37,553 |
Zoetis Inc. | 224,192 | 37,440 | |
* | Vertex Pharmaceuticals Inc. | 121,662 | 35,317 |
Shares | Market Value• ($000) | ||
* | Boston Scientific Corp. | 679,306 | 31,737 |
Becton Dickinson and Co. | 135,190 | 31,709 | |
Humana Inc. | 60,150 | 29,775 | |
HCA Healthcare Inc. | 102,790 | 25,024 | |
* | Edwards Lifesciences Corp. | 293,996 | 23,649 |
* | Moderna Inc. | 158,059 | 21,940 |
* | DexCom Inc. | 183,260 | 20,344 |
Agilent Technologies Inc. | 140,514 | 19,949 | |
* | IDEXX Laboratories Inc. | 39,140 | 18,523 |
* | Biogen Inc. | 68,536 | 18,495 |
* | Centene Corp. | 270,334 | 18,491 |
* | IQVIA Holdings Inc. | 88,138 | 18,374 |
* | Illumina Inc. | 74,718 | 14,884 |
ResMed Inc. | 68,637 | 14,620 | |
Zimmer Biomet Holdings Inc. | 99,756 | 12,357 | |
* | Seagen Inc. | 64,577 | 11,604 |
* | Align Technology Inc. | 37,305 | 11,546 |
* | Horizon Therapeutics plc | 105,196 | 11,518 |
* | Alnylam Pharmaceuticals Inc. | 58,405 | 11,182 |
West Pharmaceutical Services Inc. | 35,185 | 11,155 | |
* | Veeva Systems Inc. Class A | 66,170 | 10,962 |
Laboratory Corp. of America Holdings | 42,062 | 10,068 | |
Baxter International Inc. | 239,145 | 9,554 | |
Cardinal Health Inc. | 124,413 | 9,419 | |
* | Hologic Inc. | 116,973 | 9,316 |
* | Insulet Corp. | 32,650 | 9,023 |
STERIS plc | 47,386 | 8,910 | |
* | BioMarin Pharmaceutical Inc. | 87,639 | 8,728 |
* | ICON plc | 38,170 | 8,612 |
Cooper Cos. Inc. | 23,104 | 7,554 | |
* | Molina Healthcare Inc. | 27,185 | 7,485 |
PerkinElmer Inc. | 59,992 | 7,473 | |
Quest Diagnostics Inc. | 53,868 | 7,453 | |
* | Avantor Inc. | 289,624 | 7,058 |
* | Incyte Corp. | 86,611 | 6,667 |
Viatris Inc. | 574,983 | 6,555 | |
Royalty Pharma plc Class A | 176,580 | 6,330 | |
* | Catalent Inc. | 84,900 | 5,792 |
Bio-Techne Corp. | 73,940 | 5,371 | |
Teleflex Inc. | 22,285 | 5,309 | |
* | Charles River Laboratories International Inc. | 23,985 | 5,261 |
* | Exact Sciences Corp. | 83,134 | 5,182 |
* | Henry Schein Inc. | 64,091 | 5,019 |
* | Bio-Rad Laboratories Inc. Class A | 10,186 | 4,867 |
* | Jazz Pharmaceuticals plc | 29,194 | 4,099 |
Universal Health Services Inc. Class B | 29,507 | 3,941 | |
DENTSPLY SIRONA Inc. | 101,699 | 3,872 | |
* | Novocure Ltd. | 49,058 | 3,776 |
* | Masimo Corp. | 22,528 | 3,769 |
Organon & Co. | 120,524 | 2,952 | |
* | Elanco Animal Health Inc. (XNYS) | 211,637 | 2,427 |
* | DaVita Inc. | 26,347 | 2,167 |
2,064,770 |
Shares | Market Value• ($000) | ||
Industrials (10.3%) | |||
Visa Inc. Class A | 784,201 | 172,477 | |
Mastercard Inc. Class A | 405,344 | 144,015 | |
Accenture plc Class A | 302,169 | 80,241 | |
United Parcel Service Inc. Class B (XNYS) | 350,450 | 63,954 | |
Union Pacific Corp. | 292,856 | 60,703 | |
Caterpillar Inc. | 248,186 | 59,453 | |
Deere & Co. | 131,249 | 55,025 | |
American Express Co. | 287,255 | 49,980 | |
Automatic Data Processing Inc. | 198,731 | 43,685 | |
* | PayPal Holdings Inc. | 542,327 | 39,915 |
Illinois Tool Works Inc. | 145,919 | 34,022 | |
* | Fiserv Inc. | 280,233 | 32,252 |
CSX Corp. | 1,000,279 | 30,499 | |
Sherwin-Williams Co. | 113,812 | 25,192 | |
FedEx Corp. | 114,178 | 23,203 | |
Johnson Controls International plc | 327,614 | 20,548 | |
Trane Technologies plc | 109,230 | 20,204 | |
Capital One Financial Corp. | 182,360 | 19,892 | |
* | Block Inc. (XNYS) | 254,975 | 19,564 |
Cintas Corp. | 41,172 | 18,053 | |
Fidelity National Information Services Inc. | 282,306 | 17,890 | |
PACCAR Inc. | 243,150 | 17,555 | |
DuPont de Nemours Inc. | 238,334 | 17,406 | |
Paychex Inc. | 153,320 | 16,927 | |
Old Dominion Freight Line Inc. | 47,558 | 16,135 | |
Rockwell Automation Inc. | 54,578 | 16,097 | |
* | Mettler-Toledo International Inc. | 10,473 | 15,015 |
Global Payments Inc. | 127,434 | 14,298 | |
* | Keysight Technologies Inc. | 86,031 | 13,762 |
Verisk Analytics Inc. Class A | 74,560 | 12,758 | |
Equifax Inc. | 57,770 | 11,700 | |
Vulcan Materials Co. | 62,976 | 11,393 | |
Ingersoll Rand Inc. (XYNS) | 193,186 | 11,218 | |
Martin Marietta Materials Inc. | 29,575 | 10,643 | |
Dover Corp. | 66,647 | 9,990 | |
Westinghouse Air Brake Technologies Corp. | 86,101 | 8,983 | |
* | Waters Corp. | 28,109 | 8,739 |
Xylem Inc. | 85,108 | 8,736 | |
IDEX Corp. | 36,085 | 8,118 | |
Expeditors International of Washington Inc. | 75,386 | 7,882 | |
* | Fair Isaac Corp. | 11,579 | 7,844 |
Synchrony Financial | 213,653 | 7,630 | |
* | Zebra Technologies Corp. Class A | 24,564 | 7,375 |
* | FleetCor Technologies Inc. | 34,151 | 7,335 |
JB Hunt Transport Services Inc. | 39,251 | 7,096 | |
Snap-on Inc. | 25,504 | 6,342 | |
* | Trimble Inc. | 116,850 | 6,083 |
Stanley Black & Decker Inc. | 70,104 | 6,002 |
Shares | Market Value• ($000) | ||
TransUnion | 91,340 | 5,976 | |
Packaging Corp. of America | 43,320 | 5,923 | |
Jack Henry & Associates Inc. | 34,414 | 5,652 | |
Masco Corp. | 107,045 | 5,612 | |
CH Robinson Worldwide Inc. | 55,197 | 5,517 | |
Allegion plc | 41,645 | 4,694 | |
Robert Half International Inc. | 50,107 | 4,040 | |
* | Bill Holdings Inc. | 46,980 | 3,976 |
Fortune Brands Innovations Inc. | 61,358 | 3,801 | |
Westrock Co. | 120,595 | 3,787 | |
* | Generac Holdings Inc. | 29,600 | 3,552 |
* | Mohawk Industries Inc. | 24,964 | 2,568 |
Western Union Co. | 182,727 | 2,368 | |
* | XPO Inc. | 48,737 | 1,626 |
* | RXO Inc. | 48,737 | ��1,003 |
* | Masterbrand Inc. | 60,933 | 593 |
1,384,517 | |||
Real Estate (3.3%) | |||
Prologis Inc. | 438,867 | 54,156 | |
American Tower Corp. | 221,399 | 43,839 | |
Equinix Inc. | 43,975 | 30,267 | |
Crown Castle Inc. | 205,321 | 26,846 | |
Public Storage | 74,314 | 22,216 | |
Realty Income Corp. | 298,606 | 19,096 | |
Simon Property Group Inc. | 156,095 | 19,058 | |
Welltower Inc. | 226,530 | 16,790 | |
Digital Realty Trust Inc. | 136,314 | 14,208 | |
* | CoStar Group Inc. | 191,520 | 13,533 |
SBA Communications Corp. Class A | 51,135 | 13,262 | |
* | CBRE Group Inc. Class A | 149,746 | 12,749 |
Alexandria Real Estate Equities Inc. | 77,086 | 11,546 | |
AvalonBay Communities Inc. | 66,420 | 11,459 | |
Equity Residential | 176,109 | 11,010 | |
Extra Space Storage Inc. | 63,055 | 10,382 | |
Ventas Inc. | 189,864 | 9,237 | |
Invitation Homes Inc. | 290,193 | 9,071 | |
Mid-America Apartment Communities Inc. | 54,596 | 8,741 | |
Sun Communities Inc. | 57,814 | 8,275 | |
WP Carey Inc. | 97,882 | 7,944 | |
Iron Mountain Inc. | 137,049 | 7,229 | |
Essex Property Trust Inc. | 30,857 | 7,037 | |
UDR Inc. | 154,156 | 6,604 | |
Healthpeak Properties Inc. | 256,800 | 6,178 | |
Kimco Realty Corp. | 287,364 | 5,922 | |
Equity LifeStyle Properties Inc. | 84,639 | 5,799 | |
Host Hotels & Resorts Inc. | 336,175 | 5,648 | |
Regency Centers Corp. | 81,427 | 5,122 | |
Boston Properties Inc. | 74,507 | 4,879 | |
Federal Realty Investment Trust | 38,179 | 4,077 | |
* | Zillow Group Inc. Class C | 77,017 | 3,235 |
Vornado Realty Trust | 83,458 | 1,651 | |
* | Zillow Group Inc. Class A | 25,050 | 1,036 |
438,102 |
Shares | Market Value• ($000) | ||
Technology (31.8%) | |||
Apple Inc. | 7,159,423 | 1,055,371 | |
Microsoft Corp. | 3,564,437 | 889,042 | |
NVIDIA Corp. | 1,147,505 | 266,405 | |
* | Alphabet Inc. Class A | 2,864,295 | 257,958 |
* | Alphabet Inc. Class C | 2,543,045 | 229,637 |
* | Meta Platforms Inc. Class A | 1,071,177 | 187,392 |
Broadcom Inc. | 188,167 | 111,826 | |
* | Salesforce Inc. | 458,990 | 75,095 |
Texas Instruments Inc. | 432,334 | 74,124 | |
* | Adobe Inc. | 221,449 | 71,738 |
QUALCOMM Inc. | 534,183 | 65,988 | |
Oracle Corp. | 728,599 | 63,680 | |
* | Advanced Micro Devices Inc. | 770,723 | 60,563 |
Intuit Inc. | 131,600 | 53,585 | |
Intel Corp. | 1,948,106 | 48,566 | |
Applied Materials Inc. | 408,765 | 47,478 | |
* | ServiceNow Inc. | 95,624 | 41,326 |
Lam Research Corp. | 65,099 | 31,639 | |
Micron Technology Inc. | 516,957 | 29,890 | |
* | Synopsys Inc. | 72,535 | 26,385 |
* | Palo Alto Networks Inc. | 139,895 | 26,352 |
KLA Corp. | 67,471 | 25,597 | |
* | Cadence Design Systems Inc. | 129,800 | 25,044 |
* | Snowflake Inc. Class A | 145,810 | 22,510 |
NXP Semiconductors NV | 123,283 | 22,004 | |
* | Autodesk Inc. | 103,587 | 20,582 |
Microchip Technology Inc. | 253,094 | 20,508 | |
* | Fortinet Inc. | 306,705 | 18,231 |
Marvell Technology Inc. | 403,289 | 18,208 | |
* | Workday Inc. Class A | 95,087 | 17,636 |
* | ON Semiconductor Corp. | 206,080 | 15,953 |
Cognizant Technology Solutions Corp. Class A | 243,972 | 15,280 | |
HP Inc. | 478,566 | 14,127 | |
CDW Corp. | 64,300 | 13,016 | |
Corning Inc. | 358,590 | 12,174 | |
* | Crowdstrike Holdings Inc. Class A | 99,884 | 12,055 |
* | Gartner Inc. | 36,428 | 11,941 |
* | Atlassian Corp Ltd. Class A | 68,300 | 11,224 |
* | VMware Inc. Class A | 99,349 | 10,941 |
Monolithic Power Systems Inc. | 21,557 | 10,440 | |
* | Datadog Inc. Class A | 126,098 | 9,649 |
Hewlett Packard Enterprise Co. | 610,767 | 9,534 | |
* | Zoom Video Communications Inc. Class A | 120,156 | 8,962 |
* | VeriSign Inc. | 44,107 | 8,682 |
Skyworks Solutions Inc. | 76,497 | 8,535 | |
* | HubSpot Inc. | 22,004 | 8,512 |
* | Cloudflare Inc. Class A | 134,288 | 8,059 |
* | EPAM Systems Inc. | 26,064 | 8,019 |
* | Splunk Inc. | 77,302 | 7,923 |
Teradyne Inc. | 74,555 | 7,540 | |
* | Paycom Software Inc. | 24,385 | 7,049 |
* | Pinterest Inc. Class A | 276,363 | 6,939 |
* | Palantir Technologies Inc. Class A | 872,735 | 6,842 |
NetApp Inc. | 103,165 | 6,659 |
Shares | Market Value• ($000) | ||
* | MongoDB Inc. Class A | 31,495 | 6,599 |
* | DoorDash Inc. Class A | 118,725 | 6,489 |
* | Tyler Technologies Inc. | 19,564 | 6,285 |
* | PTC Inc. | 50,070 | 6,275 |
SS&C Technologies Holdings Inc. | 105,000 | 6,163 | |
Seagate Technology Holdings plc | 91,874 | 5,931 | |
* | Check Point Software Technologies Ltd. | 47,628 | 5,893 |
* | Western Digital Corp. | 150,923 | 5,807 |
* | DocuSign Inc. Class A | 93,831 | 5,757 |
* | GoDaddy Inc. Class A | 74,255 | 5,622 |
* | Twilio Inc. Class A | 82,665 | 5,556 |
* | Match Group Inc. | 132,600 | 5,492 |
* | Akamai Technologies Inc. | 73,527 | 5,338 |
Amdocs Ltd. | 57,380 | 5,257 | |
* | Zscaler Inc. | 40,053 | 5,253 |
Gen Digital Inc. (XNGS) | 266,169 | 5,193 | |
* | Okta Inc. | 71,793 | 5,118 |
* | Flex Ltd. | 215,900 | 4,914 |
* | Qorvo Inc. | 48,100 | 4,853 |
* | Ceridian HCM Holding Inc. | 65,029 | 4,743 |
* | F5 Inc. | 28,295 | 4,046 |
* | Unity Software Inc. | 117,700 | 3,583 |
* | Arrow Electronics Inc. | 29,088 | 3,432 |
* | ZoomInfo Technologies Inc. Class A | 130,400 | 3,152 |
* | UiPath Inc. Class A | 178,935 | 2,655 |
* | Clarivate plc | 223,526 | 2,264 |
*,1 | GLOBALFOUNDRIES Inc. | 30,100 | 1,967 |
*,2 | Yandex NV Class A | 149,782 | — |
4,278,052 | |||
Telecommunications (3.1%) | |||
Cisco Systems Inc. | 1,958,383 | 94,825 | |
Verizon Communications Inc. | 2,004,013 | 77,776 | |
Comcast Corp. Class A | 2,045,906 | 76,046 | |
AT&T Inc. | 3,414,403 | 64,566 | |
* | T-Mobile US Inc. | 283,456 | 40,302 |
Motorola Solutions Inc. | 78,330 | 20,586 | |
* | Charter Communications Inc. Class A | 50,976 | 18,739 |
* | Arista Networks Inc. | 116,853 | 16,208 |
Juniper Networks Inc. | 151,990 | 4,678 | |
* | Roku Inc. | 57,790 | 3,738 |
* | Liberty Global plc Class C | 125,200 | 2,661 |
Lumen Technologies Inc. | 488,900 | 1,662 | |
* | Liberty Global plc Class A | 76,365 | 1,565 |
Ubiquiti Inc. | 2,000 | 537 | |
423,889 | |||
Utilities (0.5%) | |||
Waste Management Inc. | 195,302 | 29,248 | |
Republic Services Inc. Class A | 97,989 | 12,634 | |
American Water Works Co. Inc. | 86,596 | 12,156 | |
Atmos Energy Corp. | 65,550 | 7,395 | |
61,433 | |||
Total Common Stocks (Cost $9,349,931) | 13,449,442 |
Shares | Market Value• ($000) | ||
Temporary Cash Investments (0.1%) | |||
Money Market Fund (0.1%) | |||
3,4 | Vanguard Market Liquidity Fund, 4.640% (Cost $20,285) | 202,882 | 20,286 |
Total Investments (100.1%) (Cost $9,370,216) | 13,469,728 | ||
Other Assets and Liabilities—Net (-0.1%) | (19,523) | ||
Net Assets (100%) | 13,450,205 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $19,110,000. |
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 $20,274,000 was received for securities on loan. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini S&P 500 Index | March 2023 | 12 | 2,385 | (88) |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $9,349,931) | 13,449,442 |
Affiliated Issuers (Cost $20,285) | 20,286 |
Total Investments in Securities | 13,469,728 |
Investment in Vanguard | 488 |
Cash Collateral Pledged—Futures Contracts | 130 |
Receivables for Accrued Income | 13,939 |
Receivables for Capital Shares Issued | 21,970 |
Total Assets | 13,506,255 |
Liabilities | |
Due to Custodian | 6,640 |
Payables for Investment Securities Purchased | 23,609 |
Collateral for Securities on Loan | 20,274 |
Payables for Capital Shares Redeemed | 4,884 |
Payables to Vanguard | 636 |
Variation Margin Payable—Futures Contracts | 7 |
Total Liabilities | 56,050 |
Net Assets | 13,450,205 |
1 Includes $19,110,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 9,929,694 |
Total Distributable Earnings (Loss) | 3,520,511 |
Net Assets | 13,450,205 |
Admiral Shares—Net Assets | |
Applicable to 199,187,414 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 7,295,408 |
Net Asset Value Per Share—Admiral Shares | $36.63 |
Institutional Shares—Net Assets | |
Applicable to 233,441,231 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 6,154,797 |
Net Asset Value Per Share—Institutional Shares | $26.37 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 95,005 |
Interest2 | 187 |
Securities Lending—Net | 399 |
Total Income | 95,591 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 146 |
Management and Administrative—Admiral Shares | 4,654 |
Management and Administrative—Institutional Shares | 3,267 |
Marketing and Distribution—Admiral Shares | 193 |
Marketing and Distribution—Institutional Shares | 109 |
Custodian Fees | 68 |
Shareholders’ Reports—Admiral Shares | 60 |
Shareholders’ Reports—Institutional Shares | 50 |
Trustees’ Fees and Expenses | 3 |
Other Expenses | 6 |
Total Expenses | 8,556 |
Net Investment Income | 87,035 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | (63,289) |
Futures Contracts | (627) |
Realized Net Gain (Loss) | (63,916) |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 25,123 |
Futures Contracts | 695 |
Change in Unrealized Appreciation (Depreciation) | 25,818 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 48,937 |
1 | Dividends are net of foreign withholding taxes of $31,000. |
2 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $167,000, $4,000, and ($3,000), respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $7,410,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 87,035 | 169,201 | |
Realized Net Gain (Loss) | (63,916) | (10,874) | |
Change in Unrealized Appreciation (Depreciation) | 25,818 | (2,815,282) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 48,937 | (2,656,955) | |
Distributions | |||
Admiral Shares | (54,078) | (90,342) | |
Institutional Shares | (44,543) | (71,904) | |
Total Distributions | (98,621) | (162,246) | |
Capital Share Transactions | |||
Admiral Shares | (184,421) | 515,627 | |
Institutional Shares | 180,142 | 604,756 | |
Net Increase (Decrease) from Capital Share Transactions | (4,279) | 1,120,383 | |
Total Increase (Decrease) | (53,963) | (1,698,818) | |
Net Assets | |||
Beginning of Period | 13,504,168 | 15,202,986 | |
End of Period | 13,450,205 | 13,504,168 |
Admiral Shares | |||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | February 7, 20191 to August 31, 2019 | Year Ended August 31, | ||
2022 | 2021 | 2020 | |||
Net Asset Value, Beginning of Period | $36.76 | $44.39 | $34.27 | $27.27 | $25.00 |
Investment Operations | |||||
Net Investment Income2 | .235 | .464 | .432 | .465 | .273 |
Net Realized and Unrealized Gain (Loss) on Investments | (.098) | (7.647) | 10.110 | 6.996 | 2.183 |
Total from Investment Operations | .137 | (7.183) | 10.542 | 7.461 | 2.456 |
Distributions | |||||
Dividends from Net Investment Income | (.267) | (.447) | (.422) | (.461) | (.186) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (.267) | (.447) | (.422) | (.461) | (.186) |
Net Asset Value, End of Period | $36.63 | $36.76 | $44.39 | $34.27 | $27.27 |
Total Return3 | 0.40% | -16.28% | 31.04% | 27.83% | 9.85% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $7,295 | $7,512 | $8,573 | $5,305 | $3,478 |
Ratio of Total Expenses to Average Net Assets | 0.14% | 0.14% | 0.14% | 0.14% | 0.14%4 |
Ratio of Net Investment Income to Average Net Assets | 1.32% | 1.12% | 1.13% | 1.60% | 1.79%4 |
Portfolio Turnover Rate | 2%5 | 8%5 | 4%5 | 18% | 11%5,6 |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Inception. |
2 | Calculated based on average shares outstanding. |
3 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
4 | Annualized. |
5 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares. |
6 | Reflects the fund’s portfolio turnover for the fiscal year ended August 31, 2019. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $26.47 | $31.96 | $24.67 | $19.63 | $19.28 | $16.15 |
Investment Operations | ||||||
Net Investment Income1 | .172 | .340 | .317 | .339 | .314 | .305 |
Net Realized and Unrealized Gain (Loss) on Investments | (.077) | (5.502) | 7.282 | 5.037 | .351 | 3.105 |
Total from Investment Operations | .095 | (5.162) | 7.599 | 5.376 | .665 | 3.410 |
Distributions | ||||||
Dividends from Net Investment Income | (.195) | (.328) | (.309) | (.336) | (.315) | (.280) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.195) | (.328) | (.309) | (.336) | (.315) | (.280) |
Net Asset Value, End of Period | $26.37 | $26.47 | $31.96 | $24.67 | $19.63 | $19.28 |
Total Return | 0.39% | -16.25% | 31.09% | 27.86% | 3.58% | 21.34% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $6,155 | $5,993 | $6,630 | $4,003 | $2,701 | $2,349 |
Ratio of Total Expenses to Average Net Assets | 0.12% | 0.12% | 0.12% | 0.12% | 0.12% | 0.12% |
Ratio of Net Investment Income to Average Net Assets | 1.34% | 1.14% | 1.15% | 1.62% | 1.49% | 1.71% |
Portfolio Turnover Rate | 2%2 | 8%2 | 4%2 | 18% | 11%2 | 8%2 |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | 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 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 13,449,442 | — | — | 13,449,442 |
Temporary Cash Investments | 20,286 | — | — | 20,286 |
Total | 13,469,728 | — | — | 13,469,728 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 88 | — | — | 88 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
D. | As of February 28, 2023, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 9,423,659 |
Gross Unrealized Appreciation | 4,628,455 |
Gross Unrealized Depreciation | (582,474) |
Net Unrealized Appreciation (Depreciation) | 4,045,981 |
E. | During the six months ended February 28, 2023, the fund purchased $329,851,000 of investment securities and sold $296,209,000 of investment securities, other than temporary cash investments. Purchases and sales include $0 and $18,963,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Admiral Shares | |||||
Issued | 525,245 | 14,729 | 2,331,265 | 55,224 | |
Issued in Lieu of Cash Distributions | 47,141 | 1,330 | 78,683 | 1,922 | |
Redeemed | (756,807) | (21,191) | (1,894,321) | (45,939) | |
Net Increase (Decrease)—Admiral Shares | (184,421) | (5,132) | 515,627 | 11,207 | |
Institutional Shares | |||||
Issued | 433,182 | 16,810 | 1,604,543 | 52,921 | |
Issued in Lieu of Cash Distributions | 43,701 | 1,713 | 70,377 | 2,386 | |
Redeemed | (296,741) | (11,509) | (1,070,164) | (36,334) | |
Net Increase (Decrease)—Institutional Shares | 180,142 | 7,014 | 604,756 | 18,973 |
G. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
All rights reserved.
Vanguard Marketing Corporation, Distributor.
Vanguard Communication Services Index Fund |
Vanguard Consumer Discretionary Index Fund |
Vanguard Consumer Staples Index Fund |
Vanguard Energy Index Fund |
Vanguard Financials Index Fund |
Vanguard Health Care Index Fund |
Vanguard Industrials Index Fund |
Vanguard Information Technology Index Fund |
Vanguard Materials Index Fund |
Vanguard Utilities Index Fund |
About Your Fund’s Expenses | 1 |
Communication Services Index Fund | 4 |
Consumer Discretionary Index Fund | 14 |
Consumer Staples Index Fund | 25 |
Energy Index Fund | 35 |
Financials Index Fund | 45 |
Health Care Index Fund | 57 |
Industrials Index Fund | 69 |
Information Technology Index Fund | 80 |
Materials Index Fund | 93 |
Utilities Index Fund | 103 |
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2023 | |||
Beginning Account Value 8/31/2022 | Ending Account Value 2/28/2023 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Communication Services Index Fund | |||
ETF Shares | $1,000.00 | $969.90 | $0.49 |
Admiral™ Shares | 1,000.00 | 969.80 | 0.49 |
Consumer Discretionary Index Fund | |||
ETF Shares | $1,000.00 | $967.70 | $0.49 |
Admiral Shares | 1,000.00 | 967.70 | 0.49 |
Consumer Staples Index Fund | |||
ETF Shares | $1,000.00 | $1,005.70 | $0.50 |
Admiral Shares | 1,000.00 | 1,005.70 | 0.50 |
Energy Index Fund | |||
ETF Shares | $1,000.00 | $1,052.60 | $0.51 |
Admiral Shares | 1,000.00 | 1,053.20 | 0.51 |
Financials Index Fund | |||
ETF Shares | $1,000.00 | $1,089.30 | $0.52 |
Admiral Shares | 1,000.00 | 1,089.40 | 0.52 |
Health Care Index Fund | |||
ETF Shares | $1,000.00 | $1,022.40 | $0.50 |
Admiral Shares | 1,000.00 | 1,022.50 | 0.50 |
Industrials Index Fund | |||
ETF Shares | $1,000.00 | $1,101.20 | $0.52 |
Admiral Shares | 1,000.00 | 1,101.20 | 0.52 |
Information Technology Index Fund | |||
ETF Shares | $1,000.00 | $1,013.40 | $0.50 |
Admiral Shares | 1,000.00 | 1,013.30 | 0.50 |
Materials Index Fund | |||
ETF Shares | $1,000.00 | $1,103.90 | $0.52 |
Admiral Shares | 1,000.00 | 1,103.90 | 0.52 |
Utilities Index Fund | |||
ETF Shares | $1,000.00 | $895.90 | $0.47 |
Admiral Shares | 1,000.00 | 896.00 | 0.47 |
Six Months Ended February 28, 2023 | |||
Beginning Account Value 8/31/2022 | Ending Account Value 2/28/2023 | Expenses Paid During Period | |
Based on Hypothetical 5% Yearly Return | |||
Communication Services Index Fund | |||
ETF Shares | $1,000.00 | $1,024.30 | $0.50 |
Admiral Shares | 1,000.00 | 1,024.30 | 0.50 |
Consumer Discretionary Index Fund | |||
ETF Shares | $1,000.00 | $1,024.30 | $0.50 |
Admiral Shares | 1,000.00 | 1,024.30 | 0.50 |
Consumer Staples Index Fund | |||
ETF Shares | $1,000.00 | $1,024.30 | $0.50 |
Admiral Shares | 1,000.00 | 1,024.30 | 0.50 |
Energy Index Fund | |||
ETF Shares | $1,000.00 | $1,024.30 | $0.50 |
Admiral Shares | 1,000.00 | 1,024.30 | 0.50 |
Financials Index Fund | |||
ETF Shares | $1,000.00 | $1,024.30 | $0.50 |
Admiral Shares | 1,000.00 | 1,024.30 | 0.50 |
Health Care Index Fund | |||
ETF Shares | $1,000.00 | $1,024.30 | $0.50 |
Admiral Shares | 1,000.00 | 1,024.30 | 0.50 |
Industrials Index Fund | |||
ETF Shares | $1,000.00 | $1,024.30 | $0.50 |
Admiral Shares | 1,000.00 | 1,024.30 | 0.50 |
Information Technology Index Fund | |||
ETF Shares | $1,000.00 | $1,024.30 | $0.50 |
Admiral Shares | 1,000.00 | 1,024.30 | 0.50 |
Materials Index Fund | |||
ETF Shares | $1,000.00 | $1,024.30 | $0.50 |
Admiral Shares | 1,000.00 | 1,024.30 | 0.50 |
Utilities Index Fund | |||
ETF Shares | $1,000.00 | $1,024.30 | $0.50 |
Admiral Shares | 1,000.00 | 1,024.30 | 0.50 |
Diversified Telecommunication Services | 13.0% |
Entertainment | 23.5 |
Interactive Media & Services | 41.0 |
Media | 18.5 |
Wireless Telecommunication Services | 4.0 |
Shares | Market Value• ($000) | ||
Common Stocks (99.6%) | |||
Diversified Telecommunication Services (13.0%) | |||
Verizon Communications Inc. | 3,174,206 | 123,191 | |
AT&T Inc. | 6,450,135 | 121,972 | |
* | Iridium Communications Inc. | 303,179 | 18,606 |
* | Liberty Global plc Class C | 793,179 | 16,855 |
* | Frontier Communications Parent Inc. | 583,507 | 15,965 |
* | Liberty Global plc Class A | 583,573 | 11,957 |
Cogent Communications Holdings Inc. | 158,865 | 10,285 | |
Lumen Technologies Inc. | 2,006,703 | 6,823 | |
* | Liberty Latin America Ltd. Class C | 553,811 | 4,862 |
* | Radius Global Infrastructure Inc. Class A (XNMS) | 302,351 | 4,121 |
* | Globalstar Inc. | 2,679,358 | 3,430 |
* | EchoStar Corp. Class A | 125,972 | 2,514 |
* | IDT Corp. Class B | 73,249 | 2,228 |
ATN International Inc. | 41,380 | 1,740 | |
* | Anterix Inc. | 49,306 | 1,489 |
* | Bandwidth Inc. Class A | 87,519 | 1,392 |
* | Liberty Latin America Ltd. Class A | 143,555 | 1,266 |
* | Consolidated Communications Holdings Inc. | 280,690 | 851 |
* | Charge Enterprises Inc. | 430,363 | 486 |
350,033 | |||
Entertainment (23.2%) | |||
* | Walt Disney Co. | 1,677,262 | 167,072 |
* | Netflix Inc. | 360,398 | 116,095 |
Activision Blizzard Inc. | 882,627 | 67,300 | |
* | Warner Bros Discovery Inc. | 2,964,420 | 46,304 |
Electronic Arts Inc. | 356,827 | 39,586 | |
* | Take-Two Interactive Software Inc. | 246,210 | 26,972 |
* | Liberty Media Corp.-Liberty Formula One Class C | 354,302 | 24,047 |
* | Live Nation Entertainment Inc. | 283,953 | 20,462 |
* | Roblox Corp. Class A | 486,039 | 17,809 |
Warner Music Group Corp. Class A | 452,570 | 14,283 | |
World Wrestling Entertainment Inc. Class A | 161,111 | 13,533 | |
* | Roku Inc. | 202,562 | 13,104 |
*,1 | AMC Entertainment Holdings Inc. Class A | 1,703,635 | 12,164 |
Madison Square Garden Sports Corp. | 54,403 | 10,399 | |
* | Endeavor Group Holdings Inc. Class A | 317,352 | 7,080 |
* | Madison Square Garden Entertainment Corp. | 91,666 | 5,549 |
Shares | Market Value• ($000) | ||
* | Cinemark Holdings Inc. | 403,721 | 5,495 |
* | Liberty Media Corp.- Liberty Braves Class C | 146,998 | 4,920 |
* | Lions Gate Entertainment Corp. Class B | 398,352 | 3,964 |
* | Imax Corp. | 167,431 | 3,087 |
* | Lions Gate Entertainment Corp. Class A | 276,950 | 2,938 |
* | Playtika Holding Corp. | 150,240 | 1,442 |
Marcus Corp. | 82,477 | 1,327 | |
* | Liberty Media Corp.- Liberty Braves Class A | 29,009 | 994 |
* | Skillz Inc. Class A | 924,684 | 578 |
*,1 | Vivid Seats Inc. Class A | 70,298 | 539 |
627,043 | |||
Interactive Media & Services (40.9%) | |||
* | Meta Platforms Inc. Class A | 2,109,957 | 369,116 |
* | Alphabet Inc. Class A | 3,539,743 | 318,789 |
* | Alphabet Inc. Class C | 3,071,533 | 277,360 |
* | Pinterest Inc. Class A | 845,039 | 21,219 |
* | Snap Inc. Class A | 1,613,070 | 16,373 |
* | Match Group Inc. | 374,957 | 15,531 |
* | Ziff Davis Inc. | 157,298 | 12,423 |
* | ZoomInfo Technologies Inc. Class A | 389,037 | 9,403 |
* | IAC Inc. | 180,886 | 9,395 |
* | TripAdvisor Inc. | 372,522 | 8,035 |
* | Yelp Inc. Class A | 262,828 | 7,890 |
Shutterstock Inc. | 94,165 | 7,083 | |
* | Bumble Inc. Class A | 265,329 | 6,416 |
* | Cargurus Inc. | 324,108 | 5,526 |
* | Cars.com Inc. | 241,083 | 4,629 |
* | QuinStreet Inc. | 189,294 | 3,212 |
* | Eventbrite Inc. Class A | 300,642 | 2,634 |
* | ZipRecruiter Inc. Class A | 137,363 | 2,343 |
* | Vimeo Inc. | 556,938 | 2,133 |
* | Mediaalpha Inc. Class A | 87,061 | 1,318 |
*,1 | fuboTV Inc. | 660,674 | 1,262 |
* | Nextdoor Holdings Inc. | 347,197 | 715 |
* | Angi Inc. Class A | 274,588 | 703 |
*,1 | System1 Inc. | 87,075 | 383 |
* | Outbrain Inc. | 41,257 | 182 |
1,104,073 | |||
Media (18.5%) | |||
Comcast Corp. Class A | 3,184,950 | 118,385 | |
* | Charter Communications Inc. Class A | 133,130 | 48,940 |
Omnicom Group Inc. | 319,042 | 28,896 | |
* | Trade Desk Inc. Class A | 467,373 | 26,154 |
Interpublic Group of Cos. Inc. | 682,778 | 24,266 | |
Fox Corp. Class A | 604,428 | 21,167 | |
* | Liberty Broadband Corp. Class C | 220,272 | 19,091 |
Nexstar Media Group Inc. Class A | 94,235 | 17,518 |
Shares | Market Value• ($000) | ||
New York Times Co. Class A | 450,071 | 17,328 | |
1 | Paramount Global Inc. Class B | 804,773 | 17,238 |
News Corp. Class A | 966,905 | 16,582 | |
Fox Corp. Class B | 480,238 | 15,488 | |
* | Liberty Media Corp.- Liberty SiriusXM Class C | 426,877 | 13,754 |
TEGNA Inc. | 729,773 | 12,698 | |
Cable One Inc. | 12,946 | 8,941 | |
* | Liberty Media Corp.- Liberty SiriusXM Class A | 275,319 | 8,918 |
1 | Sirius XM Holdings Inc. | 2,015,250 | 8,847 |
News Corp. Class B | 474,227 | 8,185 | |
John Wiley & Sons Inc. Class A | 165,146 | 7,347 | |
* | DISH Network Corp. Class A | 635,704 | 7,253 |
* | Liberty Broadband Corp. Class A | 72,281 | 6,269 |
Scholastic Corp. | 109,339 | 4,987 | |
* | Magnite Inc. | 442,008 | 4,920 |
* | TechTarget Inc. | 104,443 | 3,941 |
Gray Television Inc. | 287,641 | 3,365 | |
* | Altice USA Inc. Class A | 807,585 | 3,198 |
* | iHeartMedia Inc. Class A | 431,550 | 3,133 |
Sinclair Broadcast Group Inc. Class A | 163,263 | 2,656 | |
* | EW Scripps Co. Class A | 201,009 | 2,537 |
* | AMC Networks Inc. Class A | 106,092 | 2,372 |
* | PubMatic Inc. Class A | 151,233 | 2,296 |
* | Clear Channel Outdoor Holdings Inc. | 1,249,748 | 2,212 |
* | WideOpenWest Inc. | 197,369 | 2,157 |
* | Thryv Holdings Inc. | 77,348 | 1,844 |
* | Boston Omaha Corp. Class A | 75,192 | 1,811 |
* | Gannett Co. Inc. | 520,841 | 1,578 |
* | Quotient Technology Inc. | 195,110 | 738 |
* | Cardlytics Inc. | 123,785 | 675 |
* | Advantage Solutions Inc. | 299,771 | 659 |
498,344 | |||
Wireless Telecommunication Services (4.0%) | |||
* | T-Mobile US Inc. | 666,772 | 94,802 |
Telephone and Data Systems Inc. | 378,267 | 4,800 | |
* | Gogo Inc. | 216,374 | 3,562 |
Shenandoah Telecommunications Co. | 177,582 | 3,466 |
Shares | Market Value• ($000) | ||
* | United States Cellular Corp. | 58,897 | 1,421 |
108,051 | |||
Total Common Stocks (Cost $3,614,877) | 2,687,544 | ||
Preferred Stock (0.2%) | |||
Entertainment (0.2%) | |||
2 | AMC Entertainment Holdings Inc. Class A, 0.000% (Cost $10,007) | 1,931,010 | 3,997 |
Temporary Cash Investments (1.2%) | |||
Money Market Fund (1.2%) | |||
3,4 | Vanguard Market Liquidity Fund, 4.640% (Cost $33,815) | 338,234 | 33,820 |
Total Investments (101.0%) (Cost $3,658,699) | 2,725,361 | ||
Other Assets and Liabilities—Net (-1.0%) | (28,049) | ||
Net Assets (100.0%) | 2,697,312 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $25,159,000. |
2 | Perpetual security with no stated maturity date. |
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 $28,190,000 was received for securities on loan, of which $28,133,000 is held in Vanguard Market Liquidity Fund and $57,000 is held in cash. |
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) |
Paramount Global | 8/31/23 | BANA | 3,534 | (4.569) | — | (14) |
Sirius XM Holdings Inc. | 1/31/24 | GSI | 3,049 | (4.573) | — | (184) |
— | (198) |
1 | Based on 1M USD Overnight Bank Funding Rate as of the most recent payment date. Floating interest payment received/paid monthly. |
1M—1-month. | |
BANA—Bank of America, N.A. | |
GSI—Goldman Sachs International. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $3,624,884) | 2,691,541 |
Affiliated Issuers (Cost $33,815) | 33,820 |
Total Investments in Securities | 2,725,361 |
Investment in Vanguard | 100 |
Cash | 57 |
Cash Collateral Pledged—Over-the-Counter Swap Contracts | 50 |
Receivables for Investment Securities Sold | 133,947 |
Receivables for Accrued Income | 755 |
Receivables for Capital Shares Issued | 10 |
Total Assets | 2,860,280 |
Liabilities | |
Due to Custodian | 2,023 |
Payables for Investment Securities Purchased | 41,692 |
Collateral for Securities on Loan | 28,190 |
Payables for Capital Shares Redeemed | 90,764 |
Payables to Vanguard | 101 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 198 |
Total Liabilities | 162,968 |
Net Assets | 2,697,312 |
1 Includes $25,159,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 4,127,533 |
Total Distributable Earnings (Loss) | (1,430,221) |
Net Assets | 2,697,312 |
ETF Shares—Net Assets | |
Applicable to 28,820,890 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,618,910 |
Net Asset Value Per Share—ETF Shares | $90.87 |
Admiral Shares—Net Assets | |
Applicable to 1,693,092 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 78,402 |
Net Asset Value Per Share—Admiral Shares | $46.31 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends | 15,260 |
Interest1 | 115 |
Securities Lending—Net | 1,684 |
Total Income | 17,059 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 31 |
Management and Administrative— ETF Shares | 1,090 |
Management and Administrative— Admiral Shares | 29 |
Marketing and Distribution— ETF Shares | 73 |
Marketing and Distribution— Admiral Shares | 2 |
Shareholders’ Reports—ETF Shares | 64 |
Shareholders’ Reports—Admiral Shares | 1 |
Trustees’ Fees and Expenses | 1 |
Other Expenses | 6 |
Total Expenses | 1,297 |
Net Investment Income | 15,762 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | (42,679) |
Swap Contracts | (1,692) |
Realized Net Gain (Loss) | (44,371) |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | (65,270) |
Swap Contracts | 234 |
Change in Unrealized Appreciation (Depreciation) | (65,036) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (93,645) |
1 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $115,000, $3,000, less than $1,000, and $2,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $56,464,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 15,762 | 35,113 | |
Realized Net Gain (Loss) | (44,371) | 301,906 | |
Change in Unrealized Appreciation (Depreciation) | (65,036) | (2,110,443) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (93,645) | (1,773,424) | |
Distributions | |||
ETF Shares | (11,174) | (36,456) | |
Admiral Shares | (285) | (937) | |
Total Distributions | (11,459) | (37,393) | |
Capital Share Transactions | |||
ETF Shares | 3,833 | (303,025) | |
Admiral Shares | 11,166 | (10,410) | |
Net Increase (Decrease) from Capital Share Transactions | 14,999 | (313,435) | |
Total Increase (Decrease) | (90,105) | (2,124,252) | |
Net Assets | |||
Beginning of Period | 2,787,417 | 4,911,669 | |
End of Period | 2,697,312 | 2,787,417 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $94.12 | $149.87 | $108.04 | $87.24 | $86.83 | $93.54 |
Investment Operations | ||||||
Net Investment Income1 | .529 | 1.110 | 1.018 | 1.005 | .917 | 3.067 |
Net Realized and Unrealized Gain (Loss) on Investments | (3.394) | (55.695) | 41.708 | 20.743 | .316 | (6.297) |
Total from Investment Operations | (2.865) | (54.585) | 42.726 | 21.748 | 1.233 | (3.230) |
Distributions | ||||||
Dividends from Net Investment Income | (.385) | (1.165) | (.896) | (.948) | (.823) | (3.480) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.385) | (1.165) | (.896) | (.948) | (.823) | (3.480) |
Net Asset Value, End of Period | $90.87 | $94.12 | $149.87 | $108.04 | $87.24 | $86.83 |
Total Return | -3.01% | -36.61% | 39.75% | 25.15% | 1.47% | -3.50% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,619 | $2,717 | $4,787 | $2,914 | $2,016 | $1,015 |
Ratio of Total Expenses to Average Net Assets | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 1.20% | 0.92% | 0.80% | 1.09% | 1.09% | 3.48% |
Portfolio Turnover Rate2 | 10% | 16% | 15% | 15% | 33% | 84% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $47.97 | $76.38 | $55.06 | $44.46 | $44.25 | $47.67 |
Investment Operations | ||||||
Net Investment Income1 | .271 | .572 | .519 | .512 | .470 | 1.554 |
Net Realized and Unrealized Gain (Loss) on Investments | (1.735) | (28.388) | 21.259 | 10.571 | .157 | (3.199) |
Total from Investment Operations | (1.464) | (27.816) | 21.778 | 11.083 | .627 | (1.645) |
Distributions | ||||||
Dividends from Net Investment Income | (.196) | (.594) | (.458) | (.483) | (.417) | (1.775) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.196) | (.594) | (.458) | (.483) | (.417) | (1.775) |
Net Asset Value, End of Period | $46.31 | $47.97 | $76.38 | $55.06 | $44.46 | $44.25 |
Total Return2 | -3.02% | -36.61% | 39.76% | 25.16% | 1.46% | -3.48% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $78 | $70 | $124 | $67 | $50 | $46 |
Ratio of Total Expenses to Average Net Assets | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 1.20% | 0.93% | 0.79% | 1.10% | 1.09% | 3.48% |
Portfolio Turnover Rate3 | 10% | 16% | 15% | 15% | 33% | 84% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | 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 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 2,687,544 | — | — | 2,687,544 |
Preferred Stock | 3,997 | — | — | 3,997 |
Temporary Cash Investments | 33,820 | — | — | 33,820 |
Total | 2,725,361 | — | — | 2,725,361 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Swap Contracts | — | 198 | — | 198 |
D. | As of February 28, 2023, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 3,694,712 |
Gross Unrealized Appreciation | 28,406 |
Gross Unrealized Depreciation | (997,757) |
Net Unrealized Appreciation (Depreciation) | (969,351) |
E. | During the six months ended February 28, 2023, the fund purchased $851,307,000 of investment securities and sold $833,713,000 of investment securities, other than temporary cash investments. Purchases and sales include $572,498,000 and $586,579,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 592,154 | 6,725 | 1,584,130 | 13,653 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (588,321) | (6,775) | (1,887,155) | (16,725) | |
Net Increase (Decrease)—ETF Shares | 3,833 | (50) | (303,025) | (3,072) | |
Admiral Shares | |||||
Issued | 26,620 | 578 | 39,208 | 630 | |
Issued in Lieu of Cash Distributions | 238 | 6 | 787 | 12 | |
Redeemed | (15,692) | (350) | (50,405) | (809) | |
Net Increase (Decrease)—Admiral Shares | 11,166 | 234 | (10,410) | (167) |
G. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
Auto Components | 2.4% |
Automobiles | 15.8 |
Distributors | 1.3 |
Diversified Consumer Services | 1.1 |
Hotels, Restaurants & Leisure | 20.6 |
Household Durables | 4.2 |
Internet & Direct Marketing Retail | 22.6 |
Leisure Products | 1.0 |
Multiline Retail | 4.1 |
Specialty Retail | 20.7 |
Textiles, Apparel & Luxury Goods | 6.2 |
Shares | Market Value• ($000) | ||
Common Stocks (99.8%) | |||
Auto Components (2.4%) | |||
* | Aptiv plc | 289,885 | 33,708 |
BorgWarner Inc. (XNYS) | 250,438 | 12,592 | |
Lear Corp. | 63,210 | 8,827 | |
Autoliv Inc. | 88,143 | 8,160 | |
Gentex Corp. | 250,745 | 7,159 | |
* | Fox Factory Holding Corp. | 45,343 | 5,328 |
* | Visteon Corp. | 30,035 | 5,017 |
* | Adient plc | 101,258 | 4,326 |
* | Goodyear Tire & Rubber Co. | 302,168 | 3,433 |
LCI Industries | 27,154 | 3,063 | |
*,1 | QuantumScape Corp. Class A | 286,380 | 2,741 |
* | Dorman Products Inc. | 28,528 | 2,654 |
* | Gentherm Inc. | 35,649 | 2,264 |
Dana Inc. | 137,426 | 2,177 | |
*,1 | Luminar Technologies Inc. Class A | 227,635 | 2,037 |
Patrick Industries Inc. | 23,204 | 1,690 | |
* | XPEL Inc. | 20,652 | 1,380 |
* | American Axle & Manufacturing Holdings Inc. | 122,283 | 1,076 |
Standard Motor Products Inc. | 20,566 | 801 | |
* | Stoneridge Inc. | 29,177 | 695 |
*,1 | Solid Power Inc. | 111,933 | 378 |
* | Holley Inc. | 50,393 | 110 |
109,616 | |||
Automobiles (15.7%) | |||
* | Tesla Inc. | 2,871,307 | 590,657 |
General Motors Co. | 1,519,784 | 58,876 | |
Ford Motor Co. | 4,225,354 | 51,000 | |
Harley-Davidson Inc. | 148,590 | 7,065 | |
* | Rivian Automotive Inc. Class A | 342,247 | 6,605 |
Thor Industries Inc. | 57,424 | 5,225 | |
*,1 | Lucid Group Inc. | 449,769 | 4,106 |
Winnebago Industries Inc. | 31,022 | 1,972 | |
*,1 | Fisker Inc. | 193,067 | 1,435 |
* | Workhorse Group Inc. | 174,902 | 360 |
*,1 | Canoo Inc. | 325,047 | 243 |
*,1 | Lordstown Motors Corp. Class A | 175,671 | 183 |
*,1 | Faraday Future Intelligent Electric Inc. | 269,821 | 144 |
727,871 | |||
Distributors (1.2%) | |||
Genuine Parts Co. | 151,060 | 26,716 | |
LKQ Corp. | 271,461 | 15,552 | |
Pool Corp. | 41,781 | 14,910 | |
* | Funko Inc. Class A | 37,454 | 405 |
57,583 | |||
Diversified Consumer Services (1.1%) | |||
Service Corp. International | 164,620 | 11,117 | |
H&R Block Inc. | 166,335 | 6,121 |
Shares | Market Value• ($000) | ||
* | Bright Horizons Family Solutions Inc. | 61,893 | 4,880 |
* | Grand Canyon Education Inc. | 33,262 | 3,768 |
Graham Holdings Co. Class B | 4,123 | 2,584 | |
* | frontdoor Inc. | 87,026 | 2,459 |
* | Chegg Inc. | 134,507 | 2,137 |
Strategic Education Inc. | 24,709 | 2,106 | |
* | Adtalem Global Education Inc. | 48,284 | 1,889 |
* | Stride Inc. | 43,825 | 1,861 |
* | Duolingo Inc. | 20,114 | 1,826 |
Laureate Education Inc. | 150,624 | 1,786 | |
ADT Inc. | 184,982 | 1,395 | |
* | Perdoceo Education Corp. | 72,345 | 997 |
* | OneSpaWorld Holdings Ltd. | 71,403 | 828 |
*,1 | Mister Car Wash Inc. | 81,352 | 751 |
* | 2U Inc. | 82,837 | 742 |
* | Coursera Inc. | 62,387 | 703 |
European Wax Center Inc. Class A | 31,674 | 585 | |
* | Vivint Smart Home Inc. | 45,523 | 512 |
Carriage Services Inc. Class A | 14,102 | 478 | |
* | Rover Group Inc. Class A | 78,212 | 327 |
* | WW International Inc. | 53,564 | 196 |
*,1 | Beachbody Co. Inc. | 116,708 | 75 |
50,123 | |||
Hotels, Restaurants & Leisure (20.6%) | |||
McDonald's Corp. | 783,477 | 206,767 | |
Starbucks Corp. | 1,227,812 | 125,347 | |
* | Booking Holdings Inc. | 41,492 | 104,726 |
* | Airbnb Inc. Class A | 404,811 | 49,905 |
Marriott International Inc. Class A | 287,799 | 48,707 | |
* | Chipotle Mexican Grill Inc. Class A | 29,653 | 44,215 |
Hilton Worldwide Holdings Inc. | 289,311 | 41,808 | |
Yum! Brands Inc. | 301,307 | 38,314 | |
* | Las Vegas Sands Corp. | 367,856 | 21,141 |
Darden Restaurants Inc. | 130,981 | 18,729 | |
* | Expedia Group Inc. | 161,075 | 17,552 |
* | Royal Caribbean Cruises Ltd. | 245,696 | 17,356 |
MGM Resorts International | 328,371 | 14,123 | |
* | Wynn Resorts Ltd. | 115,272 | 12,492 |
* | Caesars Entertainment Inc. | 229,556 | 11,652 |
* | Carnival Corp. | 1,071,672 | 11,381 |
Domino's Pizza Inc. | 37,869 | 11,134 | |
Vail Resorts Inc. | 43,137 | 10,072 | |
Aramark | 249,040 | 9,165 | |
Churchill Downs Inc. | 35,998 | 8,848 | |
* | DraftKings Inc. Class A | 408,218 | 7,699 |
Wyndham Hotels & Resorts Inc. | 94,500 | 7,278 | |
* | Planet Fitness Inc. Class A | 89,239 | 7,233 |
Shares | Market Value• ($000) | ||
Texas Roadhouse Inc. Class A | 67,993 | 6,904 | |
* | Norwegian Cruise Line Holdings Ltd. | 451,023 | 6,684 |
* | Hyatt Hotels Corp. Class A | 51,342 | 5,968 |
* | Light & Wonder Inc. | 95,203 | 5,961 |
Marriott Vacations Worldwide Corp. | 38,929 | 5,956 | |
Wingstop Inc. | 32,074 | 5,464 | |
Boyd Gaming Corp. | 83,710 | 5,452 | |
* | Penn Entertainment Inc. | 165,962 | 5,067 |
* | Hilton Grand Vacations Inc. | 92,317 | 4,407 |
Choice Hotels International Inc. | 37,070 | 4,388 | |
Wendy's Co. | 193,237 | 4,243 | |
Travel + Leisure Co. | 86,990 | 3,649 | |
Papa John's International Inc. | 35,875 | 3,012 | |
* | SeaWorld Entertainment Inc. | 44,514 | 2,876 |
Cracker Barrel Old Country Store Inc. | 22,558 | 2,458 | |
Red Rock Resorts Inc. Class A | 56,001 | 2,446 | |
Bloomin' Brands Inc. | 89,651 | 2,340 | |
* | Shake Shack Inc. Class A | 39,781 | 2,219 |
* | Six Flags Entertainment Corp. | 79,837 | 2,108 |
Cheesecake Factory Inc. | 49,535 | 1,855 | |
* | Everi Holdings Inc. | 95,599 | 1,815 |
* | Brinker International Inc. | 46,890 | 1,782 |
Jack in the Box Inc. | 22,168 | 1,738 | |
* | Dave & Buster's Entertainment Inc. | 41,182 | 1,648 |
*,1 | Dutch Bros Inc. Class A | 39,031 | 1,302 |
* | Playa Hotels & Resorts NV | 138,814 | 1,238 |
Dine Brands Global Inc. | 15,901 | 1,219 | |
Monarch Casino & Resort Inc. | 15,351 | 1,130 | |
* | Portillo's Inc. Class A | 43,623 | 991 |
1 | Krispy Kreme Inc. | 71,605 | 932 |
* | Golden Entertainment Inc. | 19,789 | 813 |
* | BJ's Restaurants Inc. | 25,011 | 800 |
RCI Hospitality Holdings Inc. | 8,888 | 745 | |
* | Denny's Corp. | 61,750 | 721 |
* | Chuy's Holdings Inc. | 19,324 | 691 |
*,1 | Bally's Corp. | 33,234 | 656 |
* | Bowlero Corp. | 41,563 | 639 |
Ruth's Hospitality Group Inc. | 34,196 | 638 | |
* | Life Time Group Holdings Inc. | 31,083 | 562 |
* | Accel Entertainment Inc. Class A | 59,772 | 547 |
* | Target Hospitality Corp. | 31,172 | 462 |
* | Sweetgreen Inc. Class A | 51,719 | 451 |
* | Lindblad Expeditions Holdings Inc. | 36,788 | 316 |
Shares | Market Value• ($000) | ||
* | Kura Sushi USA Inc. Class A | 4,627 | 290 |
* | First Watch Restaurant Group Inc. | 18,937 | 289 |
*,1 | Membership Collective Group Inc. | 30,084 | 201 |
* | Sonder Holdings Inc. | 164,993 | 170 |
*,1 | Vacasa Inc. | 115,183 | 167 |
* | F45 Training Holdings Inc. | 36,598 | 76 |
952,130 | |||
Household Durables (4.2%) | |||
DR Horton Inc. | 349,920 | 32,361 | |
Lennar Corp. Class A | 272,529 | 26,364 | |
* | NVR Inc. | 3,248 | 16,804 |
Garmin Ltd. | 164,073 | 16,100 | |
PulteGroup Inc. | 243,626 | 13,319 | |
Whirlpool Corp. | 58,341 | 8,050 | |
Tempur Sealy International Inc. | 173,767 | 7,427 | |
* | TopBuild Corp. | 34,217 | 7,103 |
Toll Brothers Inc. | 115,120 | 6,900 | |
Newell Brands Inc. | 420,575 | 6,178 | |
* | Mohawk Industries Inc. | 54,492 | 5,605 |
Leggett & Platt Inc. | 141,627 | 4,885 | |
* | Meritage Homes Corp. | 39,018 | 4,262 |
* | Skyline Champion Corp. | 57,936 | 3,963 |
* | Taylor Morrison Home Corp. Class A | 110,396 | 3,955 |
Installed Building Products Inc. | 26,062 | 3,007 | |
KB Home | 82,448 | 2,908 | |
* | Helen of Troy Ltd. | 25,587 | 2,883 |
* | Sonos Inc. | 135,940 | 2,641 |
* | Tri Pointe Homes Inc. | 108,337 | 2,583 |
* | Cavco Industries Inc. | 9,017 | 2,570 |
* | LGI Homes Inc. | 22,347 | 2,331 |
MDC Holdings Inc. | 60,723 | 2,247 | |
Century Communities Inc. | 30,558 | 1,828 | |
* | M/I Homes Inc. | 29,188 | 1,688 |
La-Z-Boy Inc. | 45,894 | 1,486 | |
* | iRobot Corp. | 29,084 | 1,195 |
* | Green Brick Partners Inc. | 32,007 | 999 |
Ethan Allen Interiors Inc. | 24,421 | 722 | |
* | GoPro Inc. Class A | 138,236 | 717 |
* | Beazer Homes USA Inc. | 31,426 | 469 |
* | Lovesac Co. | 14,518 | 418 |
1 | Cricut Inc. Class A | 28,288 | 302 |
*,1 | Dream Finders Homes Inc. Class A | 21,271 | 256 |
* | Traeger Inc. | 56,805 | 226 |
* | Snap One Holdings Corp. | 15,940 | 186 |
* | Tupperware Brands Corp. | 45,032 | 185 |
195,123 | |||
Internet & Direct Marketing Retail (22.6%) | |||
* | Amazon.com Inc. | 9,821,797 | 925,508 |
* | MercadoLibre Inc. | 41,622 | 50,779 |
eBay Inc. | 580,604 | 26,650 | |
* | Etsy Inc. | 134,465 | 16,325 |
* | DoorDash Inc. Class A | 250,422 | 13,688 |
*,1 | Chewy Inc. Class A | 101,437 | 4,113 |
*,1 | Wayfair Inc. Class A | 78,439 | 3,176 |
* | Revolve Group Inc. | 43,519 | 1,179 |
* | Overstock.com Inc. | 48,845 | 946 |
* | Qurate Retail Inc. Series A | 379,278 | 800 |
*,1 | Xometry Inc. Class A | 14,300 | 435 |
* | Stitch Fix Inc. Class A | 92,512 | 431 |
1 | PetMed Express Inc. | 21,274 | 400 |
* | ContextLogic Inc. Class A | 586,396 | 285 |
Shares | Market Value• ($000) | ||
* | 1-800-Flowers.com Inc. Class A | 21,810 | 216 |
*,1 | Groupon Inc. Class A | 17,718 | 133 |
* | BARK Inc. | 86,808 | 117 |
* | ThredUP Inc. Class A | 71,502 | 114 |
* | Lands' End Inc. | 14,201 | 108 |
1,045,403 | |||
Leisure Products (1.0%) | |||
Hasbro Inc. | 140,429 | 7,725 | |
* | Mattel Inc. | 379,200 | 6,822 |
Brunswick Corp. | 77,557 | 6,780 | |
Polaris Inc. | 58,898 | 6,700 | |
* | Peloton Interactive Inc. Class A | 318,839 | 4,119 |
* | YETI Holdings Inc. | 92,104 | 3,590 |
* | Topgolf Callaway Brands Corp. | 148,088 | 3,433 |
Acushnet Holdings Corp. | 37,824 | 1,825 | |
* | Vista Outdoor Inc. | 60,356 | 1,724 |
* | Malibu Boats Inc. Class A | 21,890 | 1,308 |
Sturm Ruger & Co. Inc. | 18,860 | 1,099 | |
Smith & Wesson Brands Inc. | 48,731 | 533 | |
Johnson Outdoors Inc. Class A | 6,192 | 402 | |
Clarus Corp. | 26,016 | 257 | |
*,1 | AMMO Inc. | 96,937 | 189 |
* | Latham Group Inc. | 48,391 | 154 |
46,660 | |||
Multiline Retail (4.1%) | |||
Target Corp. | 492,427 | 82,974 | |
Dollar General Corp. | 241,309 | 52,195 | |
* | Dollar Tree Inc. | 236,620 | 34,376 |
Macy's Inc. | 290,090 | 5,935 | |
Kohl's Corp. | 124,836 | 3,500 | |
* | Ollie's Bargain Outlet Holdings Inc. | 60,094 | 3,458 |
Nordstrom Inc. | 119,373 | 2,325 | |
1 | Dillard's Inc. Class A | 5,624 | 2,005 |
Franchise Group Inc. | 28,687 | 798 | |
Big Lots Inc. | 29,305 | 421 | |
187,987 | |||
Specialty Retail (20.7%) | |||
Home Depot Inc. | 1,090,241 | 323,300 | |
Lowe's Cos. Inc. | 646,853 | 133,090 | |
TJX Cos. Inc. | 1,241,990 | 95,136 | |
* | O'Reilly Automotive Inc. | 66,940 | 55,567 |
* | AutoZone Inc. | 20,305 | 50,489 |
Ross Stores Inc. | 371,265 | 41,040 | |
* | Ulta Beauty Inc. | 54,792 | 28,426 |
Tractor Supply Co. | 118,121 | 27,553 | |
Best Buy Co. Inc. | 216,785 | 18,017 | |
* | Burlington Stores Inc. | 69,739 | 14,942 |
* | Five Below Inc. | 59,382 | 12,132 |
* | CarMax Inc. | 169,072 | 11,673 |
* | Floor & Decor Holdings Inc. Class A | 113,538 | 10,424 |
Bath & Body Works Inc. | 244,324 | 9,986 | |
Advance Auto Parts Inc. | 63,405 | 9,191 | |
Williams-Sonoma Inc. | 71,207 | 8,895 | |
Dick's Sporting Goods Inc. | 64,022 | 8,235 | |
Lithia Motors Inc. Class A | 29,247 | 7,463 | |
* | RH | 20,309 | 6,073 |
Murphy USA Inc. | 22,957 | 5,856 | |
*,1 | GameStop Corp. Class A | 277,290 | 5,332 |
* | Asbury Automotive Group Inc. | 22,439 | 5,096 |
Shares | Market Value• ($000) | ||
Academy Sports & Outdoors Inc. | 81,141 | 4,800 | |
* | AutoNation Inc. | 34,521 | 4,713 |
Penske Automotive Group Inc. | 30,576 | 4,408 | |
Foot Locker Inc. | 89,851 | 3,928 | |
Signet Jewelers Ltd. | 49,328 | 3,533 | |
* | Victoria's Secret & Co. | 86,938 | 3,446 |
Group 1 Automotive Inc. | 14,861 | 3,285 | |
* | National Vision Holdings Inc. | 84,267 | 3,148 |
Gap Inc. | 215,637 | 2,806 | |
American Eagle Outfitters Inc. | 190,651 | 2,740 | |
* | Boot Barn Holdings Inc. | 31,759 | 2,460 |
* | Leslie's Inc. | 165,910 | 2,092 |
* | ODP Corp. | 44,144 | 1,999 |
* | Sally Beauty Holdings Inc. | 114,211 | 1,838 |
* | Urban Outfitters Inc. | 63,947 | 1,723 |
Monro Inc. | 33,712 | 1,700 | |
* | Abercrombie & Fitch Co. Class A | 52,832 | 1,554 |
Upbound Group Inc. | 56,661 | 1,521 | |
Buckle Inc. | 31,974 | 1,304 | |
Sonic Automotive Inc. Class A | 19,843 | 1,129 | |
Caleres Inc. | 39,321 | 1,027 | |
* | Petco Health & Wellness Co. Inc. Class A | 97,306 | 1,002 |
1 | Camping World Holdings Inc. Class A | 42,391 | 968 |
Hibbett Inc. | 13,165 | 947 | |
* | Sleep Number Corp. | 23,440 | 934 |
* | Warby Parker Inc. Class A | 71,663 | 932 |
Winmark Corp. | 3,141 | 917 | |
*,1 | Carvana Co. Class A | 95,982 | 904 |
* | MarineMax Inc. | 22,934 | 770 |
1 | Guess? Inc. | 35,035 | 737 |
* | Genesco Inc. | 13,320 | 599 |
Haverty Furniture Cos. Inc. | 15,235 | 575 | |
Designer Brands Inc. Class A | 57,624 | 564 | |
* | America's Car-Mart Inc. | 6,598 | 561 |
* | Children's Place Inc. | 13,168 | 551 |
Shoe Carnival Inc. | 19,026 | 501 | |
Aaron's Co. Inc. | 32,701 | 469 | |
*,1 | EVgo Inc. | 70,050 | 415 |
Arko Corp. | 51,239 | 411 | |
* | Zumiez Inc. | 17,537 | 408 |
* | Sportsman's Warehouse Holdings Inc. | 41,877 | 377 |
* | OneWater Marine Inc. Class A | 11,295 | 314 |
* | Conn's Inc. | 18,893 | 162 |
*,1 | Bed Bath & Beyond Inc. | 72,479 | 102 |
957,190 | |||
Textiles, Apparel & Luxury Goods (6.2%) | |||
NIKE Inc. Class B | 1,347,511 | 160,071 | |
* | Lululemon Athletica Inc. | 124,292 | 38,431 |
* | Deckers Outdoor Corp. | 28,308 | 11,786 |
Tapestry Inc. | 257,487 | 11,203 | |
VF Corp. | 353,609 | 8,777 | |
* | Crocs Inc. | 66,040 | 8,038 |
* | Capri Holdings Ltd. | 137,717 | 6,827 |
* | Skechers USA Inc. Class A | 143,745 | 6,398 |
PVH Corp. | 69,758 | 5,597 | |
Ralph Lauren Corp. Class A | 43,949 | 5,194 | |
Columbia Sportswear Co. | 36,500 | 3,183 |
Shares | Market Value• ($000) | ||
Carter's Inc. | 40,867 | 3,081 | |
Steven Madden Ltd. | 79,232 | 2,876 | |
Kontoor Brands Inc. | 53,196 | 2,774 | |
Hanesbrands Inc. | 372,198 | 2,114 | |
* | Under Armour Inc. Class C | 226,606 | 1,994 |
Oxford Industries Inc. | 16,143 | 1,899 | |
* | Under Armour Inc. Class A | 187,226 | 1,859 |
Levi Strauss & Co. Class A | 98,369 | 1,765 | |
Wolverine World Wide Inc. | 84,063 | 1,408 | |
* | G-III Apparel Group Ltd. | 46,301 | 769 |
Movado Group Inc. | 16,930 | 586 | |
* | Allbirds Inc. Class A | 102,360 | 293 |
* | Fossil Group Inc. | 49,638 | 215 |
*,1 | PLBY Group Inc. | 34,112 | 73 |
287,211 | |||
Total Common Stocks (Cost $4,901,445) | 4,616,897 |
Shares | Market Value• ($000) | ||
Temporary Cash Investments (0.7%) | |||
Money Market Fund (0.7%) | |||
2,3 | Vanguard Market Liquidity Fund, 4.640% (Cost $32,049) | 320,587 | 32,055 |
Total Investments (100.5%) (Cost $4,933,494) | 4,648,952 | ||
Other Assets and Liabilities—Net (-0.5%) | (21,261) | ||
Net Assets (100.0%) | 4,627,691 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $25,246,000. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
3 | Collateral of $26,704,000 was received for securities on loan. |
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) |
MercadoLibre Inc. | 8/31/23 | BANA | 8,296 | (4.569) | — | (29) |
1 | Based on 1M USD Overnight Bank Funding Rate as of the most recent payment date. Floating interest payment received/paid monthly. |
1M—1-month. | |
BANA—Bank of America, N.A. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $4,901,445) | 4,616,897 |
Affiliated Issuers (Cost $32,049) | 32,055 |
Total Investments in Securities | 4,648,952 |
Investment in Vanguard | 166 |
Cash | 3,230 |
Cash Collateral Pledged—Over-the-Counter Swap Contracts | 20 |
Receivables for Investment Securities Sold | 37,413 |
Receivables for Accrued Income | 6,465 |
Receivables for Capital Shares Issued | 1,043 |
Total Assets | 4,697,289 |
Liabilities | |
Payables for Investment Securities Purchased | 19,579 |
Collateral for Securities on Loan | 26,704 |
Payables for Capital Shares Redeemed | 23,119 |
Payables to Vanguard | 167 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 29 |
Total Liabilities | 69,598 |
Net Assets | 4,627,691 |
1 Includes $25,246,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 5,174,385 |
Total Distributable Earnings (Loss) | (546,694) |
Net Assets | 4,627,691 |
ETF Shares—Net Assets | |
Applicable to 16,702,230 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 4,131,792 |
Net Asset Value Per Share—ETF Shares | $247.38 |
Admiral Shares—Net Assets | |
Applicable to 3,872,806 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 495,899 |
Net Asset Value Per Share—Admiral Shares | $128.05 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends | 24,033 |
Interest1 | 76 |
Securities Lending—Net | 1,027 |
Total Income | 25,136 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 55 |
Management and Administrative— ETF Shares | 1,811 |
Management and Administrative— Admiral Shares | 218 |
Marketing and Distribution— ETF Shares | 113 |
Marketing and Distribution— Admiral Shares | 13 |
Custodian Fees | 11 |
Shareholders’ Reports—ETF Shares | 77 |
Shareholders’ Reports—Admiral Shares | 3 |
Trustees’ Fees and Expenses | 1 |
Other Expenses | 7 |
Total Expenses | 2,309 |
Net Investment Income | 22,827 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 78,710 |
Swap Contracts | 2,379 |
Realized Net Gain (Loss) | 81,089 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | (304,578) |
Swap Contracts | (29) |
Change in Unrealized Appreciation (Depreciation) | (304,607) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (200,691) |
1 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $76,000, $2,000, less than $1,000, and $4,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $157,595,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 22,827 | 52,090 | |
Realized Net Gain (Loss) | 81,089 | 927,803 | |
Change in Unrealized Appreciation (Depreciation) | (304,607) | (2,398,610) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (200,691) | (1,418,717) | |
Distributions | |||
ETF Shares | (21,656) | (64,707) | |
Admiral Shares | (2,458) | (7,212) | |
Total Distributions | (24,114) | (71,919) | |
Capital Share Transactions | |||
ETF Shares | (301,951) | (678,371) | |
Admiral Shares | (6,694) | (80,670) | |
Net Increase (Decrease) from Capital Share Transactions | (308,645) | (759,041) | |
Total Increase (Decrease) | (533,450) | (2,249,677) | |
Net Assets | |||
Beginning of Period | 5,161,141 | 7,410,818 | |
End of Period | 4,627,691 | 5,161,141 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $256.97 | $320.99 | $246.86 | $178.51 | $180.85 | $141.74 |
Investment Operations | ||||||
Net Investment Income1 | 1.182 | 2.329 | 1.724 | 1.998 | 2.052 | 2.066 |
Net Realized and Unrealized Gain (Loss) on Investments | (9.546) | (63.227) | 76.697 | 68.603 | (2.391) | 39.031 |
Total from Investment Operations | (8.364) | (60.898) | 78.421 | 70.601 | (.339) | 41.097 |
Distributions | ||||||
Dividends from Net Investment Income | (1.226) | (3.122) | (4.291) | (2.251) | (2.001) | (1.987) |
Distributions from Realized Capital Gains | — | — | — | — | — | �� |
Total Distributions | (1.226) | (3.122) | (4.291) | (2.251) | (2.001) | (1.987) |
Net Asset Value, End of Period | $247.38 | $256.97 | $320.99 | $246.86 | $178.51 | $180.85 |
Total Return | -3.23% | -19.11% | 32.39% | 39.98% | -0.14% | 29.22% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $4,132 | $4,638 | $6,658 | $4,026 | $3,049 | $3,199 |
Ratio of Total Expenses to Average Net Assets | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 0.91% | 0.78% | 0.60% | 1.06% | 1.20% | 1.28% |
Portfolio Turnover Rate2 | 4% | 9% | 8% | 10% | 9% | 28% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $133.01 | $166.15 | $127.78 | $92.40 | $93.61 | $73.36 |
Investment Operations | ||||||
Net Investment Income1 | .612 | 1.211 | .889 | 1.033 | 1.058 | 1.073 |
Net Realized and Unrealized Gain (Loss) on Investments | (4.937) | (32.737) | 39.704 | 35.512 | (1.232) | 20.205 |
Total from Investment Operations | (4.325) | (31.526) | 40.593 | 36.545 | (.174) | 21.278 |
Distributions | ||||||
Dividends from Net Investment Income | (.635) | (1.614) | (2.223) | (1.165) | (1.036) | (1.028) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.635) | (1.614) | (2.223) | (1.165) | (1.036) | (1.028) |
Net Asset Value, End of Period | $128.05 | $133.01 | $166.15 | $127.78 | $92.40 | $93.61 |
Total Return2 | -3.23% | -19.11% | 32.39% | 40.01% | -0.14% | 29.24% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $496 | $523 | $753 | $437 | $321 | $328 |
Ratio of Total Expenses to Average Net Assets | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 0.91% | 0.79% | 0.60% | 1.06% | 1.20% | 1.28% |
Portfolio Turnover Rate3 | 4% | 9% | 8% | 10% | 9% | 28% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | 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 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 4,616,897 | — | — | 4,616,897 |
Temporary Cash Investments | 32,055 | — | — | 32,055 |
Total | 4,648,952 | — | — | 4,648,952 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Swap Contracts | — | 29 | — | 29 |
D. | As of February 28, 2023, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 4,945,402 |
Gross Unrealized Appreciation | 464,456 |
Gross Unrealized Depreciation | (760,906) |
Net Unrealized Appreciation (Depreciation) | (296,450) |
E. | During the six months ended February 28, 2023, the fund purchased $410,425,000 of investment securities and sold $722,226,000 of investment securities, other than temporary cash investments. Purchases and sales include $215,281,000 and $511,785,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 216,440 | 879 | 1,566,104 | 5,181 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (518,391) | (2,225) | (2,244,475) | (7,875) | |
Net Increase (Decrease)—ETF Shares | (301,951) | (1,346) | (678,371) | (2,694) | |
Admiral Shares | |||||
Issued | 54,691 | 433 | 200,157 | 1,252 | |
Issued in Lieu of Cash Distributions | 2,102 | 17 | 6,292 | 40 | |
Redeemed | (63,487) | (513) | (287,119) | (1,886) | |
Net Increase (Decrease)—Admiral Shares | (6,694) | (63) | (80,670) | (594) |
G. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
Beverages | 24.6% |
Food & Staples Retailing | 22.7 |
Food Products | 21.0 |
Household Products | 19.2 |
Personal Products | 4.2 |
Tobacco | 8.3 |
Shares | Market Value• ($000) | ||
Common Stocks (99.8%) | |||
Beverages (24.5%) | |||
Coca-Cola Co. | 11,599,441 | 690,283 | |
PepsiCo Inc. | 3,886,751 | 674,468 | |
* | Monster Beverage Corp. | 1,320,297 | 134,353 |
Constellation Brands Inc. Class A | 551,742 | 123,425 | |
Keurig Dr Pepper Inc. | 2,632,303 | 90,946 | |
Brown-Forman Corp. Class B | 1,069,505 | 69,379 | |
Molson Coors Beverage Co. Class B | 715,281 | 38,046 | |
* | Celsius Holdings Inc. | 204,608 | 18,578 |
Coca-Cola Consolidated Inc. | 30,432 | 16,946 | |
* | Boston Beer Co. Inc. Class A | 48,172 | 15,598 |
MGP Ingredients Inc. | 118,970 | 12,068 | |
* | National Beverage Corp. | 209,262 | 9,762 |
* | Duckhorn Portfolio Inc. | 477,351 | 7,280 |
* | Vita Coco Co. Inc. | 176,094 | 2,978 |
*,1 | Vintage Wine Estates Inc. | 394,385 | 603 |
1,904,713 | |||
Food & Staples Retailing (22.7%) | |||
Costco Wholesale Corp. | 1,235,002 | 597,963 | |
Walmart Inc. | 4,144,048 | 588,993 | |
Sysco Corp. | 1,700,000 | 126,769 | |
Kroger Co. | 2,340,266 | 100,959 | |
Walgreens Boots Alliance Inc. | 2,504,319 | 88,978 | |
* | BJ's Wholesale Club Holdings Inc. | 528,443 | 37,942 |
* | Performance Food Group Co. | 622,193 | 35,210 |
* | US Foods Holding Corp. | 838,144 | 31,455 |
Casey's General Stores Inc. | 149,395 | 31,067 | |
* | Sprouts Farmers Market Inc. | 566,093 | 17,147 |
* | United Natural Foods Inc. | 365,674 | 14,894 |
* | Grocery Outlet Holding Corp. | 490,236 | 13,261 |
Andersons Inc. | 269,478 | 12,296 | |
PriceSmart Inc. | 175,125 | 12,210 | |
Albertsons Cos. Inc. Class A | 598,121 | 11,891 | |
Ingles Markets Inc. Class A | 123,252 | 11,019 | |
Weis Markets Inc. | 142,132 | 10,865 | |
* | Chefs' Warehouse Inc. | 299,179 | 9,738 |
SpartanNash Co. | 334,924 | 8,963 | |
1,761,620 | |||
Food Products (20.9%) | |||
Mondelez International Inc. Class A | 4,469,993 | 291,354 | |
General Mills Inc. | 1,993,126 | 158,474 |
Shares | Market Value• ($000) | ||
Archer-Daniels-Midland Co. | 1,844,371 | 146,812 | |
Hershey Co. | 496,934 | 118,429 | |
Kraft Heinz Co. | 2,123,085 | 82,673 | |
McCormick & Co. Inc. | 862,661 | 64,113 | |
Conagra Brands Inc. | 1,730,437 | 63,005 | |
Tyson Foods Inc. Class A | 1,005,333 | 59,556 | |
Kellogg Co. | 901,935 | 59,474 | |
J M Smucker Co. | 389,695 | 57,632 | |
Lamb Weston Holdings Inc. | 533,885 | 53,730 | |
Bunge Ltd. | 544,884 | 52,036 | |
Hormel Foods Corp. | 1,075,358 | 47,724 | |
Campbell Soup Co. | 794,249 | 41,714 | |
* | Darling Ingredients Inc. | 604,651 | 38,256 |
Ingredion Inc. | 278,033 | 27,637 | |
Flowers Foods Inc. | 864,745 | 24,109 | |
* | Post Holdings Inc. | 245,399 | 22,076 |
Lancaster Colony Corp. | 100,221 | 19,241 | |
* | Hostess Brands Inc. Class A | 747,264 | 18,457 |
* | Simply Good Foods Co. | 465,971 | 17,842 |
* | Freshpet Inc. | 268,363 | 16,687 |
* | TreeHouse Foods Inc. | 315,941 | 15,415 |
Cal-Maine Foods Inc. | 248,243 | 14,100 | |
J & J Snack Foods Corp. | 92,968 | 13,128 | |
Fresh Del Monte Produce Inc. | 343,025 | 10,730 | |
*,1 | Beyond Meat Inc. | 579,302 | 10,335 |
John B Sanfilippo & Son Inc. | 110,552 | 9,924 | |
* | Hain Celestial Group Inc. | 546,049 | 9,736 |
Utz Brands Inc. | 586,083 | 9,612 | |
Tootsie Roll Industries Inc. | 205,023 | 9,027 | |
* | Pilgrim's Pride Corp. | 364,305 | 8,521 |
B&G Foods Inc. | 639,291 | 8,100 | |
Calavo Growers Inc. | 200,135 | 6,458 | |
* | Mission Produce Inc. | 522,394 | 6,018 |
* | Sovos Brands Inc. | 385,182 | 5,034 |
* | Vital Farms Inc. | 257,542 | 4,162 |
* | Benson Hill Inc. | 1,439,433 | 3,210 |
*,1 | Tattooed Chef Inc. | 626,788 | 790 |
1,625,331 | |||
Household Products (19.1%) | |||
Procter & Gamble Co. | 6,908,665 | 950,356 | |
Colgate-Palmolive Co. | 2,627,070 | 192,564 | |
Kimberly-Clark Corp. | 1,124,256 | 140,588 | |
Church & Dwight Co. Inc. | 851,483 | 71,337 | |
Clorox Co. | 373,073 | 57,990 | |
Spectrum Brands Holdings Inc. | 241,368 | 15,452 | |
Energizer Holdings Inc. | 417,769 | 15,136 | |
WD-40 Co. | 74,523 | 12,925 | |
* | Central Garden & Pet Co. Class A | 302,650 | 11,631 |
Reynolds Consumer Products Inc. | 421,897 | 11,577 |
Shares | Market Value• ($000) | ||
* | Central Garden & Pet Co. | 126,395 | 5,119 |
1,484,675 | |||
Personal Products (4.3%) | |||
Estee Lauder Cos. Inc. Class A | 757,816 | 184,187 | |
* | BellRing Brands Inc. | 674,418 | 20,826 |
* | Coty Inc. Class A | 1,753,536 | 19,815 |
* | elf Beauty Inc. | 261,900 | 19,577 |
Inter Parfums Inc. | 126,135 | 15,188 | |
Edgewell Personal Care Co. | 321,145 | 13,713 | |
* | Herbalife Nutrition Ltd. | 637,414 | 12,334 |
Nu Skin Enterprises Inc. Class A | 300,167 | 11,959 | |
* | Beauty Health Co. | 826,344 | 10,420 |
Medifast Inc. | 84,127 | 9,433 | |
* | USANA Health Sciences Inc. | 137,561 | 8,361 |
*,1 | Veru Inc. | 813,329 | 3,217 |
329,030 | |||
Tobacco (8.3%) | |||
Philip Morris International Inc. | 3,526,218 | 343,101 | |
Altria Group Inc. | 5,874,611 | 272,758 | |
Vector Group Ltd. | 949,581 | 12,601 | |
Universal Corp. | 199,521 | 10,094 | |
Turning Point Brands Inc. | 190,460 | 4,552 | |
643,106 | |||
Total Common Stocks (Cost $7,179,517) | 7,748,475 | ||
Temporary Cash Investments (0.4%) | |||
Money Market Fund (0.4%) | |||
2,3 | Vanguard Market Liquidity Fund, 4.640% (Cost $31,537) | 315,446 | 31,542 |
Total Investments (100.2%) (Cost $7,211,054) | 7,780,017 | ||
Other Assets and Liabilities—Net (-0.2%) | (12,917) | ||
Net Assets (100.0%) | 7,767,100 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $12,753,000. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
3 | Collateral of $14,943,000 was received for securities on loan, of which $14,939,000 is held in Vanguard Market Liquidity Fund and $4,000 is held in cash. |
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) |
Clorox Co. | 8/31/23 | BANA | 9,326 | (4.569) | 40 | — |
Kraft Heinz Co. | 8/31/23 | BANA | 14,408 | (4.569) | — | (53) |
40 | (53) |
1 | Based on 1M USD Overnight Bank Funding Rate as of the most recent payment date. Floating interest payment received/paid monthly. |
1M—1-month. | |
BANA—Bank of America, N.A. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $7,179,517) | 7,748,475 |
Affiliated Issuers (Cost $31,537) | 31,542 |
Total Investments in Securities | 7,780,017 |
Investment in Vanguard | 284 |
Cash | 4 |
Receivables for Investment Securities Sold | 100,619 |
Receivables for Accrued Income | 6,795 |
Receivables for Capital Shares Issued | 486 |
Unrealized Appreciation—Over-the-Counter Swap Contracts | 40 |
Total Assets | 7,888,245 |
Liabilities | |
Due to Custodian | 1,085 |
Payables for Investment Securities Purchased | 51,890 |
Collateral for Securities on Loan | 14,943 |
Payables for Capital Shares Redeemed | 52,892 |
Payables to Vanguard | 282 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 53 |
Total Liabilities | 121,145 |
Net Assets | 7,767,100 |
1 Includes $12,753,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 7,271,216 |
Total Distributable Earnings (Loss) | 495,884 |
Net Assets | 7,767,100 |
ETF Shares—Net Assets | |
Applicable to 35,035,407 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 6,554,820 |
Net Asset Value Per Share—ETF Shares | $187.09 |
Admiral Shares—Net Assets | |
Applicable to 13,141,427 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,212,280 |
Net Asset Value Per Share—Admiral Shares | $92.25 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends | 97,583 |
Interest1 | 136 |
Securities Lending—Net | 2,252 |
Total Income | 99,971 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 94 |
Management and Administrative— ETF Shares | 2,835 |
Management and Administrative— Admiral Shares | 537 |
Marketing and Distribution— ETF Shares | 147 |
Marketing and Distribution— Admiral Shares | 33 |
Custodian Fees | 73 |
Shareholders’ Reports—ETF Shares | 146 |
Shareholders’ Reports—Admiral Shares | 11 |
Trustees’ Fees and Expenses | 2 |
Other Expenses | 6 |
Total Expenses | 3,884 |
Expenses Paid Indirectly | (1) |
Net Expenses | 3,883 |
Net Investment Income | 96,088 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 125,914 |
Swap Contracts | (149) |
Realized Net Gain (Loss) | 125,765 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | (199,466) |
Swap Contracts | (84) |
Change in Unrealized Appreciation (Depreciation) | (199,550) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 22,303 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $135,000, $2,000, and $3,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $155,839,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 96,088 | 171,173 | |
Realized Net Gain (Loss) | 125,765 | 423,016 | |
Change in Unrealized Appreciation (Depreciation) | (199,550) | (412,612) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 22,303 | 181,577 | |
Distributions | |||
ETF Shares | (91,110) | (141,845) | |
Admiral Shares | (16,673) | (22,409) | |
Total Distributions | (107,783) | (164,254) | |
Capital Share Transactions | |||
ETF Shares | (117,219) | 813,055 | |
Admiral Shares | (2,567) | 387,987 | |
Net Increase (Decrease) from Capital Share Transactions | (119,786) | 1,201,042 | |
Total Increase (Decrease) | (205,266) | 1,218,365 | |
Net Assets | |||
Beginning of Period | 7,972,366 | 6,754,001 | |
End of Period | 7,767,100 | 7,972,366 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $188.63 | $187.61 | $167.31 | $154.72 | $140.13 | $140.15 |
Investment Operations | ||||||
Net Investment Income1 | 2.310 | 4.356 | 4.385 | 3.992 | 3.896 | 3.603 |
Net Realized and Unrealized Gain (Loss) on Investments | (1.260) | .907 | 20.341 | 12.658 | 14.346 | (.033) |
Total from Investment Operations | 1.050 | 5.263 | 24.726 | 16.650 | 18.242 | 3.570 |
Distributions | ||||||
Dividends from Net Investment Income | (2.590) | (4.243) | (4.427) | (4.060) | (3.652) | (3.590) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.590) | (4.243) | (4.427) | (4.060) | (3.652) | (3.590) |
Net Asset Value, End of Period | $187.09 | $188.63 | $187.61 | $167.31 | $154.72 | $140.13 |
Total Return | 0.57% | 2.83% | 15.01% | 11.01% | 13.24% | 2.60% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $6,555 | $6,747 | $5,908 | $5,712 | $5,296 | $3,983 |
Ratio of Total Expenses to Average Net Assets | 0.10%2 | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 2.43% | 2.27% | 2.50% | 2.58% | 2.71% | 2.60% |
Portfolio Turnover Rate3 | 3% | 5% | 8% | 3% | 6% | 8% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.10%. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $93.01 | $92.51 | $82.50 | $76.29 | $69.09 | $69.10 |
Investment Operations | ||||||
Net Investment Income1 | 1.136 | 2.147 | 2.160 | 1.973 | 1.923 | 1.776 |
Net Realized and Unrealized Gain (Loss) on Investments | (.619) | .448 | 10.032 | 6.239 | 7.076 | (.018) |
Total from Investment Operations | .517 | 2.595 | 12.192 | 8.212 | 8.999 | 1.758 |
Distributions | ||||||
Dividends from Net Investment Income | (1.277) | (2.095) | (2.183) | (2.002) | (1.799) | (1.768) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.277) | (2.095) | (2.183) | (2.002) | (1.799) | (1.768) |
Net Asset Value, End of Period | $92.25 | $93.01 | $92.51 | $82.50 | $76.29 | $69.09 |
Total Return2 | 0.57% | 2.85% | 15.04% | 11.03% | 13.24% | 2.59% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,212 | $1,225 | $846 | $791 | $710 | $587 |
Ratio of Total Expenses to Average Net Assets | 0.10%3 | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 2.42% | 2.27% | 2.50% | 2.59% | 2.71% | 2.60% |
Portfolio Turnover Rate4 | 3% | 5% | 8% | 3% | 6% | 8% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.10%. |
4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended February 28, 2023, custodian fee offset arrangements reduced the fund’s expenses by $1,000 (an annual rate of less than 0.01% of average net assets). |
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 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 7,748,475 | — | — | 7,748,475 |
Temporary Cash Investments | 31,542 | — | — | 31,542 |
Total | 7,780,017 | — | — | 7,780,017 |
Derivative Financial Instruments | ||||
Assets | ||||
Swap Contracts | — | 40 | — | 40 |
Liabilities | ||||
Swap Contracts | — | 53 | — | 53 |
E. | As of February 28, 2023, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 7,224,685 |
Gross Unrealized Appreciation | 944,913 |
Gross Unrealized Depreciation | (389,581) |
Net Unrealized Appreciation (Depreciation) | 555,332 |
F. | During the six months ended February 28, 2023, the fund purchased $587,571,000 of investment securities and sold $730,077,000 of investment securities, other than temporary cash investments. Purchases and sales include $383,566,000 and $531,965,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
G. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 419,101 | 2,218 | 2,200,339 | 11,477 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (536,320) | (2,950) | (1,387,284) | (7,200) | |
Net Increase (Decrease)—ETF Shares | (117,219) | (732) | 813,055 | 4,277 | |
Admiral Shares | |||||
Issued | 177,420 | 1,914 | 636,063 | 6,644 | |
Issued in Lieu of Cash Distributions | 14,761 | 161 | 18,698 | 204 | |
Redeemed | (194,748) | (2,110) | (266,774) | (2,818) | |
Net Increase (Decrease)—Admiral Shares | (2,567) | (35) | 387,987 | 4,030 |
H. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
Coal & Consumable Fuels | 0.7% |
Integrated Oil & Gas | 41.0 |
Oil & Gas Drilling | 1.2 |
Oil & Gas Equipment & Services | 10.2 |
Oil & Gas Exploration & Production | 27.2 |
Oil & Gas Refining & Marketing | 10.4 |
Oil & Gas Storage & Transportation | 9.3 |
Shares | Market Value• ($000) | ||
Common Stocks (99.7%) | |||
Coal & Consumable Fuels (0.7%) | |||
* | Peabody Energy Corp. | 663,127 | 18,103 |
1 | Arch Resources Inc. | 104,058 | 16,374 |
CONSOL Energy Inc. | 197,804 | 10,826 | |
1 | Enviva Inc. | 207,427 | 9,035 |
*,1 | Uranium Energy Corp. | 2,205,538 | 8,160 |
* | Centrus Energy Corp. Class A | 110,367 | 4,946 |
67,444 | |||
Integrated Oil & Gas (40.8%) | |||
Exxon Mobil Corp. | 20,343,900 | 2,235,998 | |
Chevron Corp. | 9,782,641 | 1,572,755 | |
Occidental Petroleum Corp. | 4,826,028 | 282,613 | |
4,091,366 | |||
Oil & Gas Drilling (1.2%) | |||
* | Transocean Ltd. (XNYS) | 3,884,166 | 27,150 |
Helmerich & Payne Inc. | 588,479 | 24,763 | |
* | Noble Corp. plc | 573,028 | 23,890 |
Patterson-UTI Energy Inc. | 1,240,607 | 16,996 | |
* | Valaris Ltd. | 143,982 | 9,683 |
* | Nabors Industries Ltd. (XNYS) | 57,820 | 8,691 |
* | Diamond Offshore Drilling Inc. | 701,589 | 8,335 |
119,508 | |||
Oil & Gas Equipment & Services (10.2%) | |||
Schlumberger Ltd. | 7,477,012 | 397,852 | |
Halliburton Co. | 4,817,101 | 174,524 | |
Baker Hughes Co. Class A | 5,383,260 | 164,728 | |
NOV Inc. | 2,148,430 | 47,008 | |
* | TechnipFMC plc | 2,400,655 | 36,706 |
ChampionX Corp. | 1,127,035 | 34,453 | |
* | Weatherford International plc | 348,709 | 23,231 |
Cactus Inc. Class A | 352,452 | 16,195 | |
* | Tidewater Inc. | 281,139 | 13,731 |
* | Oceaneering International Inc. | 624,196 | 13,039 |
Liberty Energy Inc. Class A | 794,730 | 12,120 | |
* | NexTier Oilfield Solutions Inc. | 1,206,078 | 11,011 |
* | Expro Group Holdings NV | 469,244 | 10,666 |
Archrock Inc. | 929,648 | 10,291 | |
* | Dril-Quip Inc. | 243,598 | 8,343 |
* | Helix Energy Solutions Group Inc. | 985,335 | 8,159 |
Core Laboratories NV | 329,241 | 7,859 | |
* | US Silica Holdings Inc. | 532,085 | 6,460 |
* | DMC Global Inc. | 194,006 | 5,194 |
RPC Inc. | 588,738 | 5,163 | |
* | ProPetro Holding Corp. | 574,382 | 5,060 |
* | Bristow Group Inc. | 139,556 | 3,801 |
Shares | Market Value• ($000) | ||
*,1 | ProFrac Holding Corp. Class A | 152,188 | 2,911 |
1,018,505 | |||
Oil & Gas Exploration & Production (27.2%) | |||
ConocoPhillips | 6,574,413 | 679,466 | |
EOG Resources Inc. | 3,097,772 | 350,110 | |
Pioneer Natural Resources Co. | 1,201,420 | 240,777 | |
Devon Energy Corp. | 3,301,209 | 178,001 | |
Hess Corp. | 1,278,598 | 172,227 | |
Diamondback Energy Inc. | 901,590 | 126,745 | |
Coterra Energy Inc. | 4,253,828 | 106,218 | |
Marathon Oil Corp. | 3,698,883 | 93,027 | |
APA Corp. | 1,767,843 | 67,850 | |
Texas Pacific Land Corp. | 33,199 | 59,100 | |
Ovintiv Inc. (XNYS) | 1,370,627 | 58,622 | |
EQT Corp. | 1,498,994 | 49,737 | |
Chesapeake Energy Corp. | 598,643 | 48,376 | |
* | Antero Resources Corp. | 1,499,547 | 39,288 |
Range Resources Corp. | 1,447,171 | 38,987 | |
PDC Energy Inc. | 532,827 | 35,758 | |
Matador Resources Co. | 650,965 | 35,015 | |
Murphy Oil Corp. | 815,801 | 31,833 | |
Chord Energy Corp. | 219,494 | 29,548 | |
* | Southwestern Energy Co. | 4,966,305 | 26,321 |
* | Denbury Inc. | 280,895 | 23,418 |
Civitas Resources Inc. | 319,511 | 22,420 | |
Magnolia Oil & Gas Corp. Class A | 964,882 | 21,083 | |
* | Kosmos Energy Ltd. | 2,663,276 | 20,960 |
SM Energy Co. | 692,636 | 20,440 | |
* | CNX Resources Corp. | 1,093,885 | 16,791 |
California Resources Corp. | 316,185 | 13,343 | |
Permian resources Corp. Class A | 1,226,837 | 13,262 | |
Northern Oil and Gas Inc. | 405,528 | 12,588 | |
* | Callon Petroleum Co. | 305,631 | 11,846 |
Viper Energy Partners LP | 368,765 | 10,558 | |
1 | Sitio Royalties Corp. Class A | 443,022 | 10,415 |
Comstock Resources Inc. | 606,242 | 7,360 | |
* | Talos Energy Inc. | 389,096 | 6,930 |
Ranger Oil Corp. Class A | 144,915 | 6,014 | |
1 | Kimbell Royalty Partners LP | 383,273 | 5,914 |
* | Gulfport Energy Corp. | 84,804 | 5,607 |
* | Tellurian Inc. | 3,471,140 | 5,172 |
* | Earthstone Energy Inc. Class A | 366,015 | 5,106 |
Berry Corp. | 500,601 | 4,721 | |
* | W&T Offshore Inc. | 817,569 | 4,587 |
1 | Crescent Energy Inc. Class A | 333,347 | 3,847 |
Shares | Market Value• ($000) | ||
* | Vitesse Energy Inc. | 103,651 | 1,802 |
2,721,190 | |||
Oil & Gas Refining & Marketing (10.3%) | |||
Marathon Petroleum Corp. | 2,788,732 | 344,687 | |
Valero Energy Corp. | 2,132,992 | 280,979 | |
Phillips 66 | 2,548,408 | 261,365 | |
HF Sinclair Corp. | 889,113 | 44,207 | |
PBF Energy Inc. Class A | 553,901 | 24,211 | |
* | Green Plains Inc. | 365,777 | 12,681 |
World Fuel Services Corp. | 387,159 | 10,627 | |
Delek US Holdings Inc. | 397,445 | 10,004 | |
* | Par Pacific Holdings Inc. | 327,642 | 9,102 |
New Fortress Energy Inc. Class A | 258,788 | 8,537 | |
* | Clean Energy Fuels Corp. | 1,265,814 | 7,089 |
CVR Energy Inc. | 212,149 | 6,731 | |
*,1 | Vertex Energy Inc. | 585,834 | 5,548 |
* | REX American Resources Corp. | 140,191 | 4,628 |
* | Gevo Inc. | 2,203,088 | 4,076 |
1,034,472 | |||
Oil & Gas Storage & Transportation (9.3%) | |||
Williams Cos. Inc. | 6,464,848 | 194,592 | |
Cheniere Energy Inc. | 1,195,482 | 188,097 | |
Kinder Morgan Inc. | 10,816,092 | 184,522 | |
ONEOK Inc. | 2,377,779 | 155,626 | |
Targa Resources Corp. | 1,155,738 | 85,640 | |
DTE Midstream LLC | 539,310 | 27,073 | |
Antero Midstream Corp. | 1,790,092 | 18,868 | |
EnLink Midstream LLC | 1,523,978 | 17,160 | |
1 | Plains GP Holdings LP Class A | 1,157,015 | 16,094 |
Equitrans Midstream Corp. | 2,412,413 | 14,547 | |
International Seaways Inc. | 240,057 | 12,349 | |
1 | Hess Midstream LP Class A | 287,979 | 7,896 |
1 | Kinetik Holdings Inc. Class A | 145,973 | 4,343 |
* | NextDecade Corp. | 605,515 | 4,275 |
Excelerate Energy Inc. Class A | 160,385 | 3,466 | |
934,548 | |||
Total Common Stocks (Cost $8,647,338) | 9,987,033 |
Shares | Market Value• ($000) | ||
Temporary Cash Investments (0.2%) | |||
Money Market Fund (0.2%) | |||
2,3 | Vanguard Market Liquidity Fund, 4.640% (Cost $22,737) | 227,408 | 22,738 |
Total Investments (99.9%) (Cost $8,670,075) | 10,009,771 | ||
Other Assets and Liabilities—Net (0.1%) | 11,867 | ||
Net Assets (100.0%) | 10,021,638 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $21,942,000. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
3 | Collateral of $22,689,000 was received for securities on loan. |
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) |
EQT Corp. | 8/31/23 | BANA | 9,954 | (4.569) | 10 | — |
Hess Corp. | 1/31/24 | GSI | 29,202 | (4.573) | — | (2,310) |
10 | (2,310) |
1 | Based on 1M USD Overnight Bank Funding Rate as of the most recent payment date. Floating interest payment received/paid monthly. |
1M—1-month. | |
BANA—Bank of America, N.A. | |
GSI—Goldman Sachs International. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $8,647,338) | 9,987,033 |
Affiliated Issuers (Cost $22,737) | 22,738 |
Total Investments in Securities | 10,009,771 |
Investment in Vanguard | 384 |
Cash Collateral Pledged—Over-the-Counter Swap Contracts | 1,450 |
Receivables for Investment Securities Sold | 292,987 |
Receivables for Accrued Income | 47,929 |
Receivables for Capital Shares Issued | 1,203 |
Unrealized Appreciation—Over-the-Counter Swap Contracts | 10 |
Total Assets | 10,353,734 |
Liabilities | |
Due to Custodian | 6,258 |
Payables for Investment Securities Purchased | 89,805 |
Collateral for Securities on Loan | 22,689 |
Payables for Capital Shares Redeemed | 210,672 |
Payables to Vanguard | 362 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 2,310 |
Total Liabilities | 332,096 |
Net Assets | 10,021,638 |
1 Includes $21,942,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 9,484,627 |
Total Distributable Earnings (Loss) | 537,011 |
Net Assets | 10,021,638 |
ETF Shares—Net Assets | |
Applicable to 68,843,479 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 8,029,952 |
Net Asset Value Per Share—ETF Shares | $116.64 |
Admiral Shares—Net Assets | |
Applicable to 34,181,376 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,991,686 |
Net Asset Value Per Share—Admiral Shares | $58.27 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 195,967 |
Interest2 | 597 |
Securities Lending—Net | 140 |
Total Income | 196,704 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 125 |
Management and Administrative— ETF Shares | 3,629 |
Management and Administrative— Admiral Shares | 950 |
Marketing and Distribution— ETF Shares | 208 |
Marketing and Distribution— Admiral Shares | 57 |
Custodian Fees | 18 |
Shareholders’ Reports—ETF Shares | 170 |
Shareholders’ Reports—Admiral Shares | 10 |
Trustees’ Fees and Expenses | 2 |
Other Expenses | 6 |
Total Expenses | 5,175 |
Expenses Paid Indirectly | (18) |
Net Expenses | 5,157 |
Net Investment Income | 191,547 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 490,962 |
Swap Contracts | 6,341 |
Realized Net Gain (Loss) | 497,303 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | (169,436) |
Swap Contracts | (5,108) |
Change in Unrealized Appreciation (Depreciation) | (174,544) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 514,306 |
1 | Dividends are net of foreign withholding taxes of $1,000. |
2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $597,000, $5,000, less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $500,101,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 191,547 | 329,927 | |
Realized Net Gain (Loss) | 497,303 | 1,348,925 | |
Change in Unrealized Appreciation (Depreciation) | (174,544) | 2,695,802 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 514,306 | 4,374,654 | |
Distributions | |||
ETF Shares | (180,591) | (276,138) | |
Admiral Shares | (45,251) | (61,049) | |
Total Distributions | (225,842) | (337,187) | |
Capital Share Transactions | |||
ETF Shares | (57,481) | (248,367) | |
Admiral Shares | (15,603) | 111,245 | |
Net Increase (Decrease) from Capital Share Transactions | (73,084) | (137,122) | |
Total Increase (Decrease) | 215,380 | 3,900,345 | |
Net Assets | |||
Beginning of Period | 9,806,258 | 5,905,913 | |
End of Period | 10,021,638 | 9,806,258 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $113.45 | $67.99 | $47.90 | $75.75 | $103.13 | $85.71 |
Investment Operations | ||||||
Net Investment Income1 | 2.203 | 3.625 | 2.802 | 2.957 | 2.769 | 2.519 |
Net Realized and Unrealized Gain (Loss) on Investments | 3.585 | 45.526 | 19.789 | (28.064) | (27.449) | 17.837 |
Total from Investment Operations | 5.788 | 49.151 | 22.591 | (25.107) | (24.680) | 20.356 |
Distributions | ||||||
Dividends from Net Investment Income | (2.598) | (3.691) | (2.501) | (2.743) | (2.700) | (2.936) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.598) | (3.691) | (2.501) | (2.743) | (2.700) | (2.936) |
Net Asset Value, End of Period | $116.64 | $113.45 | $67.99 | $47.90 | $75.75 | $103.13 |
Total Return | 5.26% | 74.07% | 48.07% | -33.87% | -24.34% | 24.06% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $8,030 | $7,862 | $4,806 | $2,720 | $3,029 | $4,288 |
Ratio of Total Expenses to Average Net Assets | 0.10%2 | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 3.40% | 3.80% | 4.54% | 4.91% | 3.15% | 2.56% |
Portfolio Turnover Rate3 | 3% | 6% | 5% | 8% | 7% | 5% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.10%. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $56.67 | $33.97 | $23.93 | $37.84 | $51.52 | $42.82 |
Investment Operations | ||||||
Net Investment Income1 | 1.097 | 1.829 | 1.435 | 1.461 | 1.388 | 1.249 |
Net Realized and Unrealized Gain (Loss) on Investments | 1.801 | 22.715 | 9.855 | (14.001) | (13.720) | 8.916 |
Total from Investment Operations | 2.898 | 24.544 | 11.290 | (12.540) | (12.332) | 10.165 |
Distributions | ||||||
Dividends from Net Investment Income | (1.298) | (1.844) | (1.250) | (1.370) | (1.348) | (1.465) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.298) | (1.844) | (1.250) | (1.370) | (1.348) | (1.465) |
Net Asset Value, End of Period | $58.27 | $56.67 | $33.97 | $23.93 | $37.84 | $51.52 |
Total Return2 | 5.32% | 73.97% | 48.18% | -33.82% | -24.33% | 24.06% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,992 | $1,944 | $1,100 | $407 | $468 | $642 |
Ratio of Total Expenses to Average Net Assets | 0.10%3 | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 3.38% | 3.83% | 4.52% | 4.84% | 3.15% | 2.56% |
Portfolio Turnover Rate4 | 3% | 6% | 5% | 8% | 7% | 5% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.10%. |
4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended February 28, 2023, custodian fee offset arrangements reduced the fund’s expenses by $18,000 (an annual rate of less than 0.01% of average net assets). |
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 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 9,987,033 | — | — | 9,987,033 |
Temporary Cash Investments | 22,738 | — | — | 22,738 |
Total | 10,009,771 | — | — | 10,009,771 |
Derivative Financial Instruments | ||||
Assets | ||||
Swap Contracts | — | 10 | — | 10 |
Liabilities | ||||
Swap Contracts | — | 2,310 | — | 2,310 |
E. | As of February 28, 2023, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 8,710,504 |
Gross Unrealized Appreciation | 1,691,955 |
Gross Unrealized Depreciation | (392,688) |
Net Unrealized Appreciation (Depreciation) | 1,299,267 |
F. | During the six months ended February 28, 2023, the fund purchased $1,423,568,000 of investment securities and sold $1,518,840,000 of investment securities, other than temporary cash investments. Purchases and sales include $848,751,000 and $1,184,403,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
G. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 1,131,893 | 9,616 | 3,288,003 | 35,250 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (1,189,374) | (10,075) | (3,536,370) | (36,625) | |
Net Increase (Decrease)—ETF Shares | (57,481) | (459) | (248,367) | (1,375) | |
Admiral Shares | |||||
Issued | 491,030 | 8,249 | 1,232,945 | 24,911 | |
Issued in Lieu of Cash Distributions | 40,481 | 753 | 54,811 | 1,248 | |
Redeemed | (547,114) | (9,126) | (1,176,511) | (24,249) | |
Net Increase (Decrease)—Admiral Shares | (15,603) | (124) | 111,245 | 1,910 |
H. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
Banks | 35.5% |
Capital Markets | 27.3 |
Consumer Finance | 5.2 |
Diversified Financial Services | 9.6 |
Insurance | 20.4 |
Mortgage Real Estate Investment Trusts (REITs) | 1.1 |
Thrifts & Mortgage Finance | 0.9 |
Shares | Market Value• ($000) | ||
Common Stocks (99.8%) | |||
Banks (35.4%) | |||
JPMorgan Chase & Co. | 6,052,338 | 867,603 | |
Bank of America Corp. | 14,898,206 | 511,008 | |
Wells Fargo & Co. | 7,862,602 | 367,734 | |
Citigroup Inc. | 3,996,725 | 202,594 | |
US Bancorp | 2,912,717 | 139,024 | |
PNC Financial Services Group Inc. | 832,269 | 131,432 | |
Truist Financial Corp. | 2,737,969 | 128,548 | |
M&T Bank Corp. | 356,234 | 55,320 | |
Fifth Third Bancorp | 1,416,679 | 51,425 | |
First Republic Bank | 377,475 | 46,433 | |
Huntington Bancshares Inc. | 2,977,764 | 45,619 | |
Regions Financial Corp. | 1,928,496 | 44,973 | |
Citizens Financial Group Inc. | 1,015,305 | 42,399 | |
KeyCorp | 1,925,790 | 35,223 | |
* | SVB Financial Group | 121,966 | 35,140 |
First Horizon Corp. | 1,107,687 | 27,437 | |
East West Bancorp Inc. | 291,498 | 22,215 | |
Webster Financial Corp. | 359,167 | 19,079 | |
Comerica Inc. | 270,749 | 18,980 | |
Western Alliance Bancorp | 224,784 | 16,688 | |
Cullen/Frost Bankers Inc. | 126,258 | 16,643 | |
First Citizens BancShares Inc. Class A | 22,283 | 16,350 | |
Zions Bancorp NA | 308,909 | 15,637 | |
Commerce Bancshares Inc. | 233,414 | 15,440 | |
Signature Bank | 130,140 | 14,973 | |
Prosperity Bancshares Inc. | 188,479 | 13,851 | |
SouthState Corp. | 156,628 | 12,637 | |
Synovus Financial Corp. | 300,298 | 12,555 | |
Pinnacle Financial Partners Inc. | 157,882 | 11,697 | |
Wintrust Financial Corp. | 125,039 | 11,520 | |
United Bankshares Inc. | 278,046 | 11,336 | |
Glacier Bancorp Inc. | 228,011 | 10,803 | |
Popular Inc. | 150,164 | 10,722 | |
Old National Bancorp | 601,711 | 10,632 | |
Bank OZK | 230,568 | 10,613 | |
FNB Corp. | 726,816 | 10,372 | |
Valley National Bancorp | 889,428 | 10,300 | |
First Financial Bankshares Inc. | 278,363 | 10,210 | |
Cadence Bank | 374,878 | 9,957 | |
Home BancShares Inc. | 400,218 | 9,645 | |
Hancock Whitney Corp. | 177,008 | 8,695 | |
UMB Financial Corp. | 94,260 | 8,546 | |
Umpqua Holdings Corp. | 449,676 | 7,941 | |
Independent Bank Corp. (XNGS) | 94,364 | 7,519 | |
ServisFirst Bancshares Inc. | 101,070 | 7,474 | |
United Community Banks Inc. | 219,994 | 7,284 |
Shares | Market Value• ($000) | ||
Associated Banc-Corp. | 310,403 | 7,186 | |
First Hawaiian Inc. | 261,994 | 7,166 | |
CVB Financial Corp. | 287,773 | 6,886 | |
* | Texas Capital Bancshares Inc. | 102,835 | 6,811 |
Community Bank System Inc. | 111,357 | 6,798 | |
PacWest Bancorp | 242,293 | 6,724 | |
BOK Financial Corp. | 62,355 | 6,527 | |
First Interstate BancSystem Inc. Class A | 183,503 | 6,522 | |
Ameris Bancorp | 135,235 | 6,474 | |
Pacific Premier Bancorp Inc. | 195,594 | 6,341 | |
Cathay General Bancorp | 146,962 | 6,308 | |
Bank of Hawaii Corp. | 82,232 | 6,156 | |
Fulton Financial Corp. | 346,638 | 5,962 | |
Simmons First National Corp. Class A | 260,136 | 5,783 | |
Atlantic Union Bankshares Corp. | 154,003 | 5,769 | |
BankUnited Inc. | 160,697 | 5,692 | |
International Bancshares Corp. | 114,691 | 5,566 | |
First BanCorp (XNYS) | 380,797 | 5,525 | |
Eastern Bankshares Inc. | 330,261 | 5,178 | |
First Merchants Corp. | 123,271 | 5,044 | |
First Financial Bancorp | 197,075 | 4,856 | |
Columbia Banking System Inc. | 161,011 | 4,787 | |
Washington Federal Inc. | 133,777 | 4,692 | |
Seacoast Banking Corp. of Florida | 151,144 | 4,611 | |
Independent Bank Group Inc. | 76,857 | 4,524 | |
Banner Corp. | 70,789 | 4,458 | |
WesBanco Inc. | 122,587 | 4,432 | |
Towne Bank | 141,058 | 4,278 | |
Heartland Financial USA Inc. | 86,507 | 4,277 | |
Park National Corp. | 33,231 | 4,246 | |
Renasant Corp. | 114,137 | 4,107 | |
Enterprise Financial Services Corp. | 72,924 | 3,971 | |
Lakeland Financial Corp. | 52,343 | 3,749 | |
NBT Bancorp Inc. | 88,435 | 3,590 | |
Hilltop Holdings Inc. | 108,022 | 3,583 | |
* | Bancorp Inc. | 103,339 | 3,575 |
Trustmark Corp. | 119,324 | 3,508 | |
Stock Yards Bancorp Inc. | 59,681 | 3,493 | |
Northwest Bancshares Inc. | 246,832 | 3,411 | |
First Commonwealth Financial Corp. | 211,287 | 3,383 | |
BancFirst Corp. | 36,879 | 3,328 | |
Hope Bancorp Inc. | 246,864 | 3,162 | |
TriCo Bancshares | 61,320 | 3,097 | |
Westamerica BanCorp | 55,953 | 3,084 | |
Pathward Financial Inc. | 59,746 | 3,048 | |
City Holding Co. | 30,967 | 3,041 |
Shares | Market Value• ($000) | ||
Sandy Spring Bancorp Inc. | 92,151 | 3,036 | |
First Bancorp (XNGS) | 73,071 | 3,032 | |
S&T Bancorp Inc. | 80,124 | 2,985 | |
OFG Bancorp | 98,060 | 2,983 | |
* | Triumph Financial Inc. | 48,442 | 2,948 |
Veritex Holdings Inc. | 110,570 | 2,948 | |
FB Financial Corp. | 78,166 | 2,946 | |
Eagle Bancorp Inc. | 65,923 | 2,888 | |
OceanFirst Financial Corp. | 120,797 | 2,865 | |
Stellar Bancorp Inc. | 91,339 | 2,672 | |
First Busey Corp. | 107,181 | 2,587 | |
Berkshire Hills Bancorp Inc. | 88,755 | 2,579 | |
National Bank Holdings Corp. Class A | 62,519 | 2,531 | |
Lakeland Bancorp Inc. | 125,125 | 2,409 | |
Live Oak Bancshares Inc. | 69,260 | 2,394 | |
Brookline Bancorp Inc. | 182,191 | 2,361 | |
Southside Bancshares Inc. | 61,607 | 2,353 | |
Origin Bancorp Inc. | 60,478 | 2,293 | |
German American Bancorp Inc. | 56,869 | 2,235 | |
Preferred Bank | 30,704 | 2,162 | |
* | Nicolet Bankshares Inc. | 28,925 | 2,154 |
Dime Community Bancshares Inc. | 66,690 | 2,043 | |
Heritage Financial Corp. | 73,282 | 2,042 | |
Banc of California Inc. | 115,008 | 2,018 | |
Tompkins Financial Corp. | 26,984 | 2,018 | |
* | Customers Bancorp Inc. | 63,550 | 1,957 |
1st Source Corp. | 38,099 | 1,898 | |
Premier Financial Corp. | 73,403 | 1,822 | |
QCR Holdings Inc. | 33,811 | 1,809 | |
Peoples Bancorp Inc. | 57,912 | 1,802 | |
ConnectOne Bancorp Inc. | 71,994 | 1,746 | |
Univest Financial Corp. | 61,456 | 1,733 | |
First Foundation Inc. | 104,193 | 1,570 | |
Heritage Commerce Corp. | 126,464 | 1,531 | |
Washington Trust Bancorp Inc. | 35,857 | 1,506 | |
Hanmi Financial Corp. | 63,621 | 1,503 | |
Amerant Bancorp Inc. | 52,371 | 1,487 | |
First Bancorp Inc. (XNMS) | 47,053 | 1,473 | |
Community Trust Bancorp Inc. | 32,317 | 1,382 | |
* | CrossFirst Bankshares Inc. | 92,969 | 1,316 |
Cambridge Bancorp | 16,222 | 1,290 | |
Peapack-Gladstone Financial Corp. | 33,819 | 1,256 | |
Horizon Bancorp Inc. | 81,883 | 1,246 | |
Camden National Corp. | 30,251 | 1,245 | |
Central Pacific Financial Corp. | 55,183 | 1,238 | |
HarborOne Bancorp Inc. | 88,674 | 1,212 |
Shares | Market Value• ($000) | ||
Great Southern Bancorp Inc. | 20,169 | 1,174 | |
First Mid Bancshares Inc. | 37,650 | 1,167 | |
Flushing Financial Corp. | 59,527 | 1,158 | |
* | Metropolitan Bank Holding Corp. | 20,463 | 1,142 |
Midland States Bancorp Inc. | 43,169 | 1,124 | |
Byline Bancorp Inc. | 45,281 | 1,116 | |
* | Coastal Financial Corp. | 23,219 | 1,072 |
Mercantile Bank Corp. | 30,526 | 1,056 | |
Arrow Financial Corp. | 33,579 | 1,023 | |
First Financial Corp. | 23,180 | 1,019 | |
Bank of Marin Bancorp | 34,146 | 990 | |
First Community Bankshares Inc. | 31,218 | 975 | |
HomeStreet Inc. | 38,123 | 962 | |
*,1 | Silvergate Capital Corp. Class A | 64,798 | 901 |
Republic Bancorp Inc. Class A | 20,095 | 894 | |
* | Carter Bankshares Inc. | 51,122 | 888 |
SmartFinancial Inc. | 29,893 | 816 | |
Amalgamated Financial Corp. | 32,753 | 771 | |
Capstar Financial Holdings Inc. | 38,850 | 672 | |
3,441,359 | |||
Capital Markets (27.3%) | |||
Morgan Stanley | 2,615,437 | 252,390 | |
Goldman Sachs Group Inc. | 698,723 | 245,706 | |
S&P Global Inc. | 687,092 | 234,436 | |
Charles Schwab Corp. | 2,997,415 | 233,558 | |
BlackRock Inc. | 309,891 | 213,648 | |
CME Group Inc. | 742,269 | 137,587 | |
Blackstone Inc. | 1,448,048 | 131,483 | |
Intercontinental Exchange Inc. | 1,152,508 | 117,325 | |
Moody's Corp. | 340,196 | 98,708 | |
MSCI Inc. Class A | 164,977 | 86,143 | |
Bank of New York Mellon Corp. | 1,584,450 | 80,617 | |
Ameriprise Financial Inc. | 219,457 | 75,245 | |
State Street Corp. | 757,131 | 67,142 | |
KKR & Co. Inc. | 1,154,829 | 65,075 | |
T Rowe Price Group Inc. | 461,123 | 51,775 | |
Raymond James Financial Inc. | 399,676 | 43,349 | |
LPL Financial Holdings Inc. | 164,239 | 40,987 | |
Nasdaq Inc. | 709,540 | 39,777 | |
Northern Trust Corp. | 408,584 | 38,926 | |
FactSet Research Systems Inc. | 78,609 | 32,587 | |
Cboe Global Markets Inc. | 218,886 | 27,617 | |
MarketAxess Holdings Inc. | 77,657 | 26,516 | |
Ares Management Corp. Class A | 321,999 | 25,963 | |
Franklin Resources Inc. | 619,668 | 18,262 | |
Interactive Brokers Group Inc. Class A | 201,118 | 17,318 | |
*,1 | Coinbase Global Inc. Class A | 258,331 | 16,748 |
Tradeweb Markets Inc. Class A | 229,194 | 16,247 | |
Stifel Financial Corp. | 219,304 | 14,656 | |
SEI Investments Co. | 237,176 | 14,290 | |
Jefferies Financial Group Inc. | 377,940 | 14,282 |
Shares | Market Value• ($000) | ||
Carlyle Group Inc. | 412,698 | 14,197 | |
Invesco Ltd. | 703,622 | 12,426 | |
Affiliated Managers Group Inc. | 77,698 | 12,386 | |
Morningstar Inc. | 52,641 | 10,914 | |
Evercore Inc. Class A | 75,830 | 9,947 | |
Houlihan Lokey Inc. Class A | 103,300 | 9,886 | |
Janus Henderson Group plc | 289,661 | 7,954 | |
Federated Hermes Inc. | 174,539 | 6,868 | |
1 | Blue Owl Capital Inc. Class A | 542,908 | 6,699 |
* | Focus Financial Partners Inc. Class A | 122,334 | 6,344 |
Hamilton Lane Inc. Class A | 74,259 | 5,777 | |
Moelis & Co. Class A | 132,771 | 5,687 | |
Piper Sandler Cos. | 36,809 | 5,558 | |
* | Robinhood Markets Inc. Class A | 547,968 | 5,518 |
Artisan Partners Asset Management Inc. Class A | 141,458 | 4,664 | |
Cohen & Steers Inc. | 55,657 | 4,027 | |
PJT Partners Inc. Class A | 47,865 | 3,776 | |
* | StoneX Group Inc. | 35,115 | 3,541 |
Virtu Financial Inc. Class A | 173,229 | 3,184 | |
Virtus Investment Partners Inc. | 14,898 | 3,135 | |
BGC Partners Inc. Class A | 640,489 | 3,113 | |
StepStone Group Inc. Class A | 102,051 | 2,919 | |
*,1 | Freedom Holding Corp. | 37,440 | 2,724 |
TPG Inc. | 81,466 | 2,690 | |
* | Avantax Inc. | 89,041 | 2,546 |
* | Donnelley Financial Solutions Inc. | 52,980 | 2,242 |
1 | Cowen Inc. Class A | 55,420 | 2,161 |
Brightsphere Investment Group Inc. | 69,957 | 1,754 | |
* | Open Lending Corp. Class A | 218,992 | 1,550 |
WisdomTree Inc. | 234,762 | 1,401 | |
1 | B Riley Financial Inc. | 31,986 | 1,272 |
Victory Capital Holdings Inc. Class A | 34,687 | 1,178 | |
Diamond Hill Investment Group Inc. | 6,184 | 1,080 | |
Perella Weinberg Partners Class A | 87,834 | 888 | |
P10 Inc. Class A | 81,048 | 873 | |
Bridge Investment Group Holdings Inc. Class A | 54,530 | 741 | |
Associated Capital Group Inc. Class A | 6,612 | 238 | |
2,650,221 | |||
Consumer Finance (5.1%) | |||
American Express Co. | 1,310,703 | 228,049 | |
Capital One Financial Corp. | 787,579 | 85,909 | |
Discover Financial Services | 563,700 | 63,134 | |
Synchrony Financial | 929,553 | 33,194 | |
Ally Financial Inc. | 616,295 | 18,520 | |
OneMain Holdings Inc. | 238,990 | 10,298 | |
*,1 | SoFi Technologies Inc. | 1,244,432 | 8,213 |
SLM Corp. | 516,863 | 7,433 | |
FirstCash Holdings Inc. | 81,656 | 7,206 |
Shares | Market Value• ($000) | ||
*,1 | Credit Acceptance Corp. | 13,247 | 5,886 |
Navient Corp. | 279,462 | 5,044 | |
Bread Financial Holdings Inc. | 103,795 | 4,263 | |
* | PRA Group Inc. | 81,071 | 3,450 |
* | Enova International Inc. | 65,768 | 3,206 |
*,1 | Upstart Holdings Inc. | 151,039 | 2,796 |
Nelnet Inc. Class A | 29,773 | 2,795 | |
* | PROG Holdings Inc. | 104,148 | 2,575 |
* | Encore Capital Group Inc. | 48,056 | 2,484 |
* | LendingClub Corp. | 216,135 | 2,032 |
* | Green Dot Corp. Class A | 95,315 | 1,804 |
* | LendingTree Inc. | 22,530 | 742 |
*,1 | World Acceptance Corp. | 7,142 | 667 |
* | NerdWallet Inc. Class A | 28,870 | 596 |
Curo Group Holdings Corp. | 36,212 | 106 | |
500,402 | |||
Diversified Financial Services (9.6%) | |||
* | Berkshire Hathaway Inc. Class B | 2,686,490 | 819,863 |
Apollo Global Management Inc. | 826,590 | 58,605 | |
Equitable Holdings Inc. | 763,737 | 23,996 | |
Voya Financial Inc. | 200,576 | 14,941 | |
Jackson Financial Inc. Class A | 102,352 | 4,645 | |
* | Cannae Holdings Inc. | 145,071 | 3,276 |
Compass Diversified Holdings | 133,625 | 2,909 | |
A-Mark Precious Metals Inc. | 37,367 | 1,095 | |
929,330 | |||
Insurance (20.4%) | |||
Chubb Ltd. | 856,402 | 180,718 | |
Progressive Corp. | 1,207,160 | 173,252 | |
Marsh & McLennan Cos. Inc. | 1,023,405 | 165,935 | |
Aon plc Class A (XNYS) | 426,822 | 129,775 | |
MetLife Inc. | 1,376,039 | 98,703 | |
American International Group Inc. | 1,533,100 | 93,688 | |
Travelers Cos. Inc. | 483,570 | 89,518 | |
Aflac Inc. | 1,218,761 | 83,059 | |
Arthur J Gallagher & Co. | 434,989 | 81,495 | |
Prudential Financial Inc. | 759,387 | 75,939 | |
Allstate Corp. | 546,997 | 70,442 | |
Willis Towers Watson plc | 223,321 | 52,338 | |
Hartford Financial Services Group Inc. | 656,253 | 51,371 | |
Principal Financial Group Inc. | 504,819 | 45,212 | |
Cincinnati Financial Corp | 308,138 | 37,192 | |
* | Markel Corp. | 27,777 | 36,940 |
* | Arch Capital Group Ltd. | 488,127 | 34,169 |
Everest Re Group Ltd. | 80,716 | 30,993 | |
W R Berkley Corp. | 438,268 | 29,009 | |
Brown & Brown Inc. | 496,783 | 27,855 | |
Loews Corp. | 416,484 | 25,443 | |
Globe Life Inc. | 190,356 | 23,164 | |
Fidelity National Financial Inc. | 533,526 | 21,266 | |
American Financial Group Inc. | 148,975 | 19,979 | |
Reinsurance Group of America Inc. | 137,850 | 19,915 | |
RenaissanceRe Holdings Ltd. | 90,415 | 19,430 | |
Unum Group | 409,528 | 18,244 |
Shares | Market Value• ($000) | ||
Old Republic International Corp. | 596,694 | 15,735 | |
Primerica Inc. | 76,089 | 14,605 | |
Kinsale Capital Group Inc. | 45,241 | 14,418 | |
Assurant Inc. | 108,910 | 13,874 | |
Selective Insurance Group Inc. | 123,988 | 12,588 | |
Erie Indemnity Co. Class A | 52,373 | 12,328 | |
First American Financial Corp. | 213,085 | 12,099 | |
RLI Corp. | 83,806 | 11,558 | |
Lincoln National Corp. | 349,275 | 11,079 | |
Hanover Insurance Group Inc. | 73,583 | 10,263 | |
Axis Capital Holdings Ltd. | 166,185 | 10,091 | |
* | Brighthouse Financial Inc. | 142,664 | 8,250 |
Kemper Corp. | 132,466 | 8,160 | |
White Mountains Insurance Group Ltd. | 5,302 | 7,654 | |
* | Ryan Specialty Holdings Inc. | 174,831 | 7,364 |
Assured Guaranty Ltd. | 117,573 | 7,338 | |
* | Genworth Financial Inc. Class A | 1,030,812 | 6,422 |
American Equity Investment Life Holding Co. | 150,343 | 6,262 | |
CNO Financial Group Inc. | 236,638 | 6,063 | |
* | Enstar Group Ltd. | 23,170 | 5,665 |
*,1 | Trupanion Inc. | 72,381 | 4,298 |
* | BRP Group Inc. Class A | 128,022 | 3,679 |
Horace Mann Educators Corp. | 85,773 | 3,170 | |
* | Palomar Holdings Inc. | 51,853 | 3,111 |
Safety Insurance Group Inc. | 31,037 | 2,504 | |
Employers Holdings Inc. | 55,950 | 2,485 | |
Stewart Information Services Corp. | 55,330 | 2,351 | |
ProAssurance Corp. | 110,409 | 2,196 | |
AMERISAFE Inc. | 40,172 | 2,191 | |
Argo Group International Holdings Ltd. | 73,644 | 2,139 | |
* | Goosehead Insurance Inc. Class A | 41,494 | 1,936 |
Mercury General Corp. | 56,583 | 1,927 | |
James River Group Holdings Ltd. | 78,428 | 1,890 | |
*,1 | Lemonade Inc. | 90,443 | 1,474 |
National Western Life Group Inc. Class A | 4,868 | 1,313 | |
United Fire Group Inc. | 45,841 | 1,308 | |
* | MBIA Inc. | 92,952 | 1,282 |
* | SiriusPoint Ltd. | 178,476 | 1,267 |
1 | HCI Group Inc. | 15,545 | 816 |
Shares | Market Value• ($000) | ||
Donegal Group Inc. Class A | 34,520 | 531 | |
*,1 | Hippo Holdings Inc. | 29,055 | 500 |
* | Oscar Health Inc. Class A | 84,583 | 469 |
*,1 | Hagerty Inc. Class A | 50,742 | 456 |
1,980,153 | |||
Mortgage Real Estate Investment Trusts (REITs) (1.1%) | |||
1 | Annaly Capital Management Inc. | 966,198 | 19,981 |
AGNC Investment Corp. | 1,180,209 | 12,829 | |
Starwood Property Trust Inc. | 636,915 | 12,203 | |
Rithm Capital Corp. | 979,675 | 8,915 | |
Blackstone Mortgage Trust Inc. Class A | 336,109 | 7,116 | |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 183,644 | 5,768 | |
Arbor Realty Trust Inc. | 316,488 | 4,773 | |
Two Harbors Investment Corp. | 197,288 | 3,269 | |
Apollo Commercial Real Estate Finance Inc. | 279,659 | 3,213 | |
Chimera Investment Corp. | 475,486 | 3,086 | |
Ladder Capital Corp. Class A | 237,973 | 2,689 | |
Franklin BSP Realty Trust Inc. REIT | 171,952 | 2,409 | |
PennyMac Mortgage Investment Trust | 183,099 | 2,386 | |
Ready Capital Corp. | 205,760 | 2,317 | |
Claros Mortgage Trust Inc. | 159,424 | 2,222 | |
MFA Financial Inc. REIT | 190,465 | 2,040 | |
New York Mortgage Trust Inc. | 754,327 | 2,014 | |
Redwood Trust Inc. | 235,388 | 1,791 | |
Ellington Financial Inc. | 119,679 | 1,540 | |
KKR Real Estate Finance Trust Inc. | 104,265 | 1,512 | |
ARMOUR Residential REIT Inc. | 274,960 | 1,493 | |
Brightspire Capital Inc. Class A | 198,137 | 1,464 | |
Broadmark Realty Capital Inc. | 272,273 | 1,389 | |
Dynex Capital Inc. | 92,366 | 1,222 | |
Ares Commercial Real Estate Corp. | 104,850 | 1,186 | |
Invesco Mortgage Capital REIT | 74,061 | 928 | |
TPG RE Finance Trust Inc. | 109,118 | 926 | |
Orchid Island Capital Inc. | 69,561 | 790 | |
Granite Point Mortgage Trust Inc. | 108,455 | 650 | |
112,121 |
Shares | Market Value• ($000) | ||
Thrifts & Mortgage Finance (0.9%) | |||
New York Community Bancorp Inc. | 1,407,773 | 12,501 | |
Essent Group Ltd. | 222,320 | 9,549 | |
MGIC Investment Corp. | 613,515 | 8,442 | |
Radian Group Inc. | 324,430 | 6,927 | |
* | Mr Cooper Group Inc. | 137,850 | 6,400 |
WSFS Financial Corp. | 127,148 | 6,346 | |
Walker & Dunlop Inc. | 64,792 | 5,652 | |
PennyMac Financial Services Inc. | 87,850 | 5,312 | |
* | Axos Financial Inc. | 111,495 | 5,284 |
* | NMI Holdings Inc. Class A | 163,981 | 3,827 |
Provident Financial Services Inc. | 149,232 | 3,485 | |
Federal Agricultural Mortgage Corp. Class C | 19,084 | 2,707 | |
Capitol Federal Financial Inc. | 272,453 | 2,286 | |
1 | Rocket Cos. Inc. Class A | 251,633 | 1,978 |
* | Columbia Financial Inc. | 80,935 | 1,708 |
TrustCo Bank Corp. NY | 38,036 | 1,425 | |
Northfield Bancorp Inc. | 90,167 | 1,326 | |
Kearny Financial Corp. | 121,588 | 1,221 | |
Merchants Bancorp | 35,311 | 1,068 | |
Hingham Institution for Savings | 2,734 | 778 | |
Southern Missouri Bancorp Inc. | 16,059 | 743 | |
88,965 | |||
Total Common Stocks (Cost $9,346,132) | 9,702,551 | ||
Temporary Cash Investments (0.4%) | |||
Money Market Fund (0.4%) | |||
2,3 | Vanguard Market Liquidity Fund, 4.640% (Cost $39,958) | 399,684 | 39,964 |
Total Investments (100.2%) (Cost $9,386,090) | 9,742,515 | ||
Other Assets and Liabilities—Net (-0.2%) | (20,659) | ||
Net Assets (100.0%) | 9,721,856 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $31,224,000. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
3 | Collateral of $31,931,000 was received for securities on loan. |
REIT—Real Estate Investment Trust. |
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) |
Arch Capital Group Ltd. | 8/31/23 | BANA | 19,250 | (4.569) | — | (63) |
1 | Based on 1M USD Overnight Bank Funding Rate as of the most recent payment date. Floating interest payment received/paid monthly. |
1M—1-month. | |
BANA—Bank of America, N.A. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $9,346,132) | 9,702,551 |
Affiliated Issuers (Cost $39,958) | 39,964 |
Total Investments in Securities | 9,742,515 |
Investment in Vanguard | 358 |
Cash | 1,041 |
Receivables for Investment Securities Sold | 46,022 |
Receivables for Accrued Income | 10,924 |
Receivables for Capital Shares Issued | 406 |
Total Assets | 9,801,266 |
Liabilities | |
Payables for Investment Securities Purchased | 34,164 |
Collateral for Securities on Loan | 31,931 |
Payables for Capital Shares Redeemed | 12,901 |
Payables to Vanguard | 351 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 63 |
Total Liabilities | 79,410 |
Net Assets | 9,721,856 |
1 Includes $31,224,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 9,370,874 |
Total Distributable Earnings (Loss) | 350,982 |
Net Assets | 9,721,856 |
ETF Shares—Net Assets | |
Applicable to 102,542,620 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 8,959,469 |
Net Asset Value Per Share—ETF Shares | $87.37 |
Admiral Shares—Net Assets | |
Applicable to 17,410,595 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 762,387 |
Net Asset Value Per Share—Admiral Shares | $43.79 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends | 111,446 |
Interest1 | 140 |
Securities Lending—Net | 1,056 |
Total Income | 112,642 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 116 |
Management and Administrative— ETF Shares | 3,822 |
Management and Administrative— Admiral Shares | 329 |
Marketing and Distribution— ETF Shares | 226 |
Marketing and Distribution— Admiral Shares | 20 |
Shareholders’ Reports—ETF Shares | 202 |
Shareholders’ Reports—Admiral Shares | 7 |
Trustees’ Fees and Expenses | 2 |
Other Expenses | 5 |
Total Expenses | 4,729 |
Net Investment Income | 107,913 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 205,520 |
Swap Contracts | 6,424 |
Realized Net Gain (Loss) | 211,944 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 496,919 |
Swap Contracts | (63) |
Change in Unrealized Appreciation (Depreciation) | 496,856 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 816,713 |
1 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $140,000, $3,000, less than $1,000, and $3,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $231,027,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 107,913 | 235,116 | |
Realized Net Gain (Loss) | 211,944 | 983,234 | |
Change in Unrealized Appreciation (Depreciation) | 496,856 | (2,794,528) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 816,713 | (1,576,178) | |
Distributions | |||
ETF Shares | (114,470) | (223,491) | |
Admiral Shares | (9,546) | (16,712) | |
Total Distributions | (124,016) | (240,203) | |
Capital Share Transactions | |||
ETF Shares | (356,455) | (585,784) | |
Admiral Shares | (11,921) | 31,828 | |
Net Increase (Decrease) from Capital Share Transactions | (368,376) | (553,956) | |
Total Increase (Decrease) | 324,321 | (2,370,337) | |
Net Assets | |||
Beginning of Period | 9,397,535 | 11,767,872 | |
End of Period | 9,721,856 | 9,397,535 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $81.31 | $94.79 | $61.18 | $67.31 | $71.60 | $62.26 |
Investment Operations | ||||||
Net Investment Income1 | .948 | 1.852 | 1.676 | 1.652 | 1.539 | 1.298 |
Net Realized and Unrealized Gain (Loss) on Investments | 6.200 | (13.457) | 33.519 | (6.081) | (4.338) | 9.307 |
Total from Investment Operations | 7.148 | (11.605) | 35.195 | (4.429) | (2.799) | 10.605 |
Distributions | ||||||
Dividends from Net Investment Income | (1.088) | (1.875) | (1.585) | (1.701) | (1.491) | (1.265) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.088) | (1.875) | (1.585) | (1.701) | (1.491) | (1.265) |
Net Asset Value, End of Period | $87.37 | $81.31 | $94.79 | $61.18 | $67.31 | $71.60 |
Total Return | 8.93% | -12.43% | 58.26% | -6.73% | -3.85% | 17.15% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $8,959 | $8,676 | $10,946 | $6,140 | $7,222 | $8,512 |
Ratio of Total Expenses to Average Net Assets | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 2.30% | 2.03% | 2.09% | 2.53% | 2.30% | 1.87% |
Portfolio Turnover Rate2 | 2% | 6% | 4% | 5% | 5% | 3% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $40.75 | $47.51 | $30.66 | $33.73 | $35.88 | $31.20 |
Investment Operations | ||||||
Net Investment Income1 | .475 | .931 | .841 | .828 | .771 | .651 |
Net Realized and Unrealized Gain (Loss) on Investments | 3.110 | (6.751) | 16.803 | (3.046) | (2.174) | 4.663 |
Total from Investment Operations | 3.585 | (5.820) | 17.644 | (2.218) | (1.403) | 5.314 |
Distributions | ||||||
Dividends from Net Investment Income | (.545) | (.940) | (.794) | (.852) | (.747) | (.634) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.545) | (.940) | (.794) | (.852) | (.747) | (.634) |
Net Asset Value, End of Period | $43.79 | $40.75 | $47.51 | $30.66 | $33.73 | $35.88 |
Total Return2 | 8.94% | -12.43% | 58.32% | -6.70% | -3.87% | 17.16% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $762 | $721 | $822 | $432 | $490 | $690 |
Ratio of Total Expenses to Average Net Assets | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 2.30% | 2.05% | 2.09% | 2.53% | 2.30% | 1.87% |
Portfolio Turnover Rate3 | 2% | 6% | 4% | 5% | 5% | 3% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | 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 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 9,702,551 | — | — | 9,702,551 |
Temporary Cash Investments | 39,964 | — | — | 39,964 |
Total | 9,742,515 | — | — | 9,742,515 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Swap Contracts | — | 63 | — | 63 |
D. | As of February 28, 2023, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 9,416,103 |
Gross Unrealized Appreciation | 988,183 |
Gross Unrealized Depreciation | (661,771) |
Net Unrealized Appreciation (Depreciation) | 326,412 |
E. | During the six months ended February 28, 2023, the fund purchased $836,545,000 of investment securities and sold $1,212,682,000 of investment securities, other than temporary cash investments. Purchases and sales include $637,086,000 and $1,017,208,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 666,240 | 8,210 | 2,918,740 | 30,807 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (1,022,695) | (12,375) | (3,504,524) | (39,575) | |
Net Increase (Decrease)—ETF Shares | (356,455) | (4,165) | (585,784) | (8,768) | |
Admiral Shares | |||||
Issued | 79,008 | 1,873 | 407,610 | 8,635 | |
Issued in Lieu of Cash Distributions | 7,855 | 197 | 14,052 | 311 | |
Redeemed | (98,784) | (2,360) | (389,834) | (8,546) | |
Net Increase (Decrease)—Admiral Shares | (11,921) | (290) | 31,828 | 400 |
G. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
Biotechnology | 19.1% |
Health Care Equipment & Supplies | 19.6 |
Health Care Providers & Services | 21.5 |
Health Care Technology | 0.8 |
Life Sciences Tools & Services | 12.3 |
Other | 0.0 |
Pharmaceuticals | 26.7 |
Shares | Market Value• ($000) | ||
Common Stocks (99.9%) | |||
Biotechnology (19.0%) | |||
AbbVie Inc. | 6,173,106 | 950,041 | |
Amgen Inc. | 1,862,547 | 431,478 | |
Gilead Sciences Inc. | 4,178,007 | 336,455 | |
* | Regeneron Pharmaceuticals Inc. | 373,787 | 284,235 |
* | Vertex Pharmaceuticals Inc. | 895,989 | 260,097 |
* | Moderna Inc. | 1,139,928 | 158,233 |
* | Biogen Inc. | 502,646 | 135,644 |
* | Seagen Inc. | 486,042 | 87,337 |
* | Horizon Therapeutics plc | 751,497 | 82,281 |
* | Alnylam Pharmaceuticals Inc. | 404,455 | 77,433 |
* | BioMarin Pharmaceutical Inc. | 648,664 | 64,600 |
* | Incyte Corp. | 659,848 | 50,795 |
* | United Therapeutics Corp. | 159,055 | 39,134 |
* | Exact Sciences Corp. | 620,275 | 38,662 |
* | Neurocrine Biosciences Inc. | 335,508 | 34,591 |
* | Sarepta Therapeutics Inc. | 275,796 | 33,683 |
* | Halozyme Therapeutics Inc. | 472,028 | 22,653 |
* | Apellis Pharmaceuticals Inc. | 308,793 | 20,220 |
* | Exelixis Inc. | 1,125,768 | 19,228 |
* | Karuna Therapeutics Inc. | 95,959 | 19,136 |
* | Natera Inc. | 361,626 | 17,557 |
* | Ionis Pharmaceuticals Inc. | 446,285 | 16,022 |
* | Alkermes plc | 573,330 | 15,331 |
* | Cytokinetics Inc. | 313,919 | 13,611 |
*,1 | CRISPR Therapeutics AG | 259,670 | 12,807 |
* | Arrowhead Pharmaceuticals Inc. | 351,831 | 11,364 |
* | Madrigal Pharmaceuticals Inc. | 41,788 | 11,325 |
* | Ultragenyx Pharmaceutical Inc. | 232,538 | 10,346 |
* | Prometheus Biosciences Inc. | 81,345 | 9,956 |
* | Intellia Therapeutics Inc. | 247,310 | 9,934 |
* | PTC Therapeutics Inc. | 225,909 | 9,865 |
* | Amicus Therapeutics Inc. | 735,360 | 9,699 |
* | Insmed Inc. | 473,100 | 9,642 |
* | Denali Therapeutics Inc. | 331,935 | 9,012 |
* | Blueprint Medicines Corp. | 208,635 | 8,840 |
* | ACADIA Pharmaceuticals Inc. | 424,139 | 8,775 |
* | IVERIC bio Inc. | 398,698 | 8,285 |
* | Vaxcyte Inc. | 192,925 | 7,904 |
* | Beam Therapeutics Inc. | 196,309 | 7,899 |
* | Sage Therapeutics Inc. | 186,456 | 7,764 |
* | TG Therapeutics Inc. | 481,896 | 7,720 |
Shares | Market Value• ($000) | ||
* | FibroGen Inc. | 310,517 | 6,893 |
* | Prothena Corp. plc | 118,241 | 6,593 |
* | Xenon Pharmaceuticals Inc. | 163,827 | 6,465 |
* | Mirati Therapeutics Inc. | 140,721 | 6,451 |
* | Xencor Inc. | 199,175 | 6,399 |
* | Veracyte Inc. | 250,466 | 6,164 |
* | Vir Biotechnology Inc. | 256,316 | 5,844 |
* | Cerevel Therapeutics Holdings Inc. | 218,910 | 5,843 |
* | REVOLUTION Medicines Inc. | 216,989 | 5,807 |
* | BioCryst Pharmaceuticals Inc. | 651,890 | 5,769 |
* | Celldex Therapeutics Inc. | 131,962 | 5,647 |
* | Ironwood Pharmaceuticals Inc. Class A | 479,852 | 5,408 |
* | Myriad Genetics Inc. | 283,854 | 5,370 |
* | Catalyst Pharmaceuticals Inc. | 345,017 | 5,265 |
* | Krystal Biotech Inc. | 62,818 | 5,145 |
* | Akero Therapeutics Inc. | 106,082 | 4,828 |
* | Syndax Pharmaceuticals Inc. | 186,744 | 4,734 |
* | MannKind Corp. | 873,580 | 4,612 |
* | Vericel Corp. | 148,681 | 4,521 |
* | Relay Therapeutics Inc. | 274,440 | 4,432 |
* | Avidity Biosciences Inc. | 186,569 | 4,422 |
* | Agios Pharmaceuticals Inc. | 173,239 | 4,385 |
* | Dynavax Technologies Corp. | 424,129 | 4,368 |
* | Travere Thrapeutics Inc. | 189,646 | 4,203 |
*,1 | Myovant Sciences Ltd. | 152,529 | 4,112 |
* | Rocket Pharmaceuticals Inc. | 206,207 | 3,961 |
* | Kymera Therapeutics Inc. | 124,567 | 3,909 |
* | Aurinia Pharmaceuticals Inc. | 423,053 | 3,845 |
*,1 | Rhythm Pharmaceuticals Inc. | 157,371 | 3,826 |
* | SpringWorks Therapeutics Inc. | 119,758 | 3,820 |
* | Twist Bioscience Corp. | 188,148 | 3,661 |
* | Avid Bioservices Inc. | 218,563 | 3,597 |
* | Viridian Therapeutics Inc. | 105,682 | 3,462 |
* | Enanta Pharmaceuticals Inc. | 69,192 | 3,356 |
* | Chinook Therapeutics Inc. | 145,010 | 3,164 |
* | Morphic Holding Inc. | 74,220 | 3,156 |
* | CareDx Inc. | 185,430 | 3,119 |
* | Keros Therapeutics Inc. | 57,691 | 3,070 |
* | UniQure NV | 145,881 | 3,058 |
* | Zentalis Pharmaceuticals Inc. | 159,968 | 3,028 |
* | Iovance Biotherapeutics Inc. | 411,926 | 3,003 |
Shares | Market Value• ($000) | ||
* | Rapt Therapeutics Inc. | 101,532 | 2,990 |
* | REGENXBIO Inc. | 129,392 | 2,879 |
* | Replimune Group Inc. | 126,282 | 2,766 |
* | Arcus Biosciences Inc. | 150,897 | 2,748 |
* | ImmunoGen Inc. | 693,350 | 2,690 |
* | Bridgebio Pharma Inc. | 234,365 | 2,676 |
* | Deciphera Pharmaceuticals Inc. | 181,443 | 2,631 |
*,1 | Anavex Life Sciences Corp. | 273,363 | 2,602 |
* | Crinetics Pharmaceuticals Inc. | 131,413 | 2,581 |
*,1 | Novavax Inc. | 274,184 | 2,539 |
* | Intercept Pharmaceuticals Inc. | 122,934 | 2,481 |
* | Nuvalent Inc. Class A | 80,103 | 2,426 |
* | Arcutis Biotherapeutics Inc. | 149,855 | 2,425 |
* | ADMA Biologics Inc. | 681,035 | 2,418 |
* | Kura Oncology Inc. | 202,492 | 2,414 |
* | Immunovant Inc. | 134,436 | 2,349 |
*,1 | Verve Therapeutics Inc. | 118,415 | 2,250 |
* | Inhibrx Inc. | 91,398 | 2,199 |
* | Editas Medicine Inc. Class A | 238,241 | 2,154 |
* | Altimmune Inc. | 170,702 | 2,149 |
* | Protagonist Therapeutics Inc. | 128,529 | 2,085 |
*,1 | Merus NV | 103,771 | 1,979 |
* | Agenus Inc. | 959,301 | 1,976 |
* | Emergent BioSolutions Inc. | 156,534 | 1,938 |
* | Allogene Therapeutics Inc. | 298,740 | 1,897 |
* | Seres Therapeutics Inc. | 347,000 | 1,752 |
* | 2seventy bio Inc. | 125,917 | 1,699 |
* | Point Biopharma Global Inc. | 224,050 | 1,678 |
* | Fate Therapeutics Inc. | 270,478 | 1,655 |
* | Alector Inc. | 188,985 | 1,614 |
* | Cogent Biosciences Inc. | 121,972 | 1,614 |
* | Recursion Pharmaceuticals Inc. Class A | 190,650 | 1,554 |
* | Arcellx Inc. | 53,356 | 1,494 |
* | Coherus Biosciences Inc. | 220,583 | 1,493 |
* | Sangamo Therapeutics Inc. | 487,206 | 1,486 |
* | AnaptysBio Inc. | 59,381 | 1,479 |
* | Kiniksa Pharmaceuticals Ltd. Class A | 109,998 | 1,415 |
* | Arcturus Therapeutics Holdings Inc. | 82,250 | 1,337 |
* | MiMedx Group Inc. | 261,614 | 1,258 |
* | Vanda Pharmaceuticals Inc. | 193,326 | 1,245 |
* | iTeos Therapeutics Inc. | 66,977 | 1,186 |
* | EQRx Inc. | 514,548 | 1,163 |
* | Nurix Therapeutics Inc. | 122,941 | 1,159 |
Shares | Market Value• ($000) | ||
* | Eagle Pharmaceuticals Inc. | 41,289 | 1,156 |
* | Atara Biotherapeutics Inc. | 282,990 | 1,146 |
*,1 | Sana Biotechnology Inc. | 300,700 | 1,104 |
* | Inovio Pharmaceuticals Inc. | 862,503 | 1,087 |
* | MacroGenics Inc. | 171,197 | 1,043 |
*,1 | ImmunityBio Inc. | 414,456 | 1,011 |
*,1 | Heron Therapeutics Inc. | 416,314 | 987 |
* | MeiraGTx Holdings plc | 118,496 | 915 |
* | Rigel Pharmaceuticals Inc. | 589,508 | 890 |
* | Tango Therapeutics Inc. | 168,859 | 883 |
* | Erasca Inc. | 239,428 | 862 |
* | IGM Biosciences Inc. | 36,289 | 763 |
*,1 | Ocugen Inc. | 742,872 | 740 |
*,1 | Aerovate Therapeutics Inc. | 29,987 | 737 |
*,1 | Janux Therapeutics Inc. | 43,660 | 726 |
*,1 | Repare Therapeutics Inc. | 64,763 | 664 |
*,1 | HilleVax Inc. | 35,618 | 600 |
*,1 | Humacyte Inc. | 195,261 | 597 |
* | Cullinan Oncology Inc. | 48,976 | 553 |
* | Adicet Bio Inc. | 68,526 | 540 |
* | PMV Pharmaceuticals Inc. | 70,236 | 506 |
* | Organogenesis Holdings Inc. Class A | 199,868 | 490 |
* | Entrada Therapeutics Inc. | 38,323 | 489 |
* | Stoke Therapeutics Inc. | 54,523 | 485 |
* | Y-mAbs Therapeutics Inc. | 113,064 | 430 |
* | ALX Oncology Holdings Inc. | 62,471 | 414 |
*,1 | Foghorn Therapeutics Inc. | 71,665 | 411 |
*,2 | PDL BioPharma Inc. | 311,327 | 392 |
*,1 | Monte Rosa Therapeutics Inc. | 64,038 | 389 |
* | Gossamer Bio Inc. | 208,937 | 361 |
* | Vaxart Inc. | 432,764 | 337 |
* | Century Therapeutics Inc. | 72,407 | 327 |
* | Geron Corp. Warrant Exp. 12/31/25 | 152,449 | 113 |
*,2 | Progenics Pharmaceuticals Inc. CVR | 215,826 | — |
* | Advaxis Inc. Warrants Exp. 9/11/24 | 7,710 | — |
*,2 | Prevail Therapeutics Inc. CVR | 78 | — |
3,666,980 | |||
Health Care Equipment & Supplies (19.6%) | |||
Abbott Laboratories | 6,086,141 | 619,082 | |
Medtronic plc | 4,643,008 | 384,441 | |
Stryker Corp. | 1,188,882 | 312,533 | |
* | Intuitive Surgical Inc. | 1,233,579 | 282,971 |
* | Boston Scientific Corp. | 4,999,292 | 233,567 |
Becton Dickinson and Co. | 989,114 | 231,997 | |
* | Edwards Lifesciences Corp. | 2,158,075 | 173,596 |
* | DexCom Inc. | 1,348,364 | 149,682 |
* | IDEXX Laboratories Inc. | 289,102 | 136,815 |
ResMed Inc. | 511,289 | 108,905 | |
* | GE Healthcare Inc. | 1,269,749 | 96,501 |
Zimmer Biomet Holdings Inc. | 732,395 | 90,722 |
Shares | Market Value• ($000) | ||
* | Align Technology Inc. | 259,045 | 80,174 |
Baxter International Inc. | 1,759,671 | 70,299 | |
* | Hologic Inc. | 857,999 | 68,331 |
* | Insulet Corp. | 242,438 | 67,000 |
STERIS plc | 348,410 | 65,512 | |
Cooper Cos. Inc. | 172,242 | 56,318 | |
Teleflex Inc. | 163,729 | 39,005 | |
* | Penumbra Inc. | 125,944 | 32,744 |
* | Masimo Corp. | 174,329 | 29,167 |
DENTSPLY SIRONA Inc. | 749,899 | 28,549 | |
* | Inspire Medical Systems Inc. | 100,865 | 26,218 |
* | Novocure Ltd. | 329,750 | 25,381 |
* | Shockwave Medical Inc. | 126,167 | 24,002 |
* | Envista Holdings Corp. | 568,567 | 21,981 |
* | Lantheus Holdings Inc. | 240,280 | 17,771 |
* | Globus Medical Inc. Class A | 270,119 | 15,759 |
* | QuidelOrtho Corp. | 172,925 | 15,034 |
* | Integra LifeSciences Holdings Corp. | 262,369 | 14,593 |
* | Merit Medical Systems Inc. | 198,542 | 14,013 |
* | Haemonetics Corp. | 176,616 | 13,735 |
* | Neogen Corp. | 754,845 | 13,353 |
* | iRhythm Technologies Inc. | 105,121 | 12,371 |
* | ICU Medical Inc. | 71,143 | 12,140 |
CONMED Corp. | 106,605 | 10,254 | |
* | Enovis Corp. | 170,073 | 9,800 |
* | LivaNova plc | 186,772 | 8,838 |
* | Integer Holdings Corp. | 115,509 | 8,661 |
* | Omnicell Inc. | 155,880 | 8,486 |
* | TransMedics Group Inc. | 105,885 | 8,478 |
* | Inari Medical Inc. | 149,866 | 8,431 |
* | Axonics Inc. | 138,317 | 8,311 |
* | Tandem Diabetes Care Inc. | 224,941 | 8,066 |
* | STAAR Surgical Co. | 142,773 | 7,908 |
* | NuVasive Inc. | 182,341 | 7,883 |
* | Glaukos Corp. | 166,873 | 7,881 |
* | Silk Road Medical Inc. | 133,092 | 7,053 |
Embecta Corp. | 201,376 | 6,434 | |
* | AtriCure Inc. | 153,874 | 5,924 |
* | Establishment Labs Holdings Inc. | 68,124 | 4,882 |
* | Avanos Medical Inc. | 161,756 | 4,540 |
* | Alphatec Holdings Inc. | 255,646 | 3,786 |
* | Nevro Corp. | 117,252 | 3,686 |
LeMaitre Vascular Inc. | 68,855 | 3,450 | |
Mesa Laboratories Inc. | 18,750 | 3,310 | |
* | Outset Medical Inc. | 143,317 | 3,269 |
* | Heska Corp. | 35,653 | 2,903 |
* | Cardiovascular Systems Inc. | 146,048 | 2,879 |
Atrion Corp. | 4,978 | 2,827 | |
* | Varex Imaging Corp. | 140,844 | 2,491 |
* | OrthoPediatrics Corp. | 55,921 | 2,447 |
* | Orthofix Medical Inc. | 117,078 | 2,412 |
* | Figs Inc. Class A | 252,683 | 2,327 |
* | ViewRay Inc. | 474,534 | 2,050 |
* | SI-BONE Inc. | 101,088 | 1,999 |
* | Artivion Inc. | 139,618 | 1,849 |
* | Cutera Inc. | 54,649 | 1,772 |
* | Cerus Corp. | 614,263 | 1,757 |
* | AngioDynamics Inc. | 138,300 | 1,712 |
* | Paragon 28 Inc. | 95,152 | 1,676 |
*,1 | Senseonics Holdings Inc. | 1,594,417 | 1,658 |
Shares | Market Value• ($000) | ||
* | OraSure Technologies Inc. | 243,265 | 1,535 |
* | PROCEPT BioRobotics Corp. | 39,224 | 1,469 |
* | Treace Medical Concepts Inc. | 57,577 | 1,236 |
* | Inogen Inc. | 76,348 | 1,196 |
* | Pulmonx Corp. | 98,180 | 1,103 |
* | Surmodics Inc. | 47,885 | 1,046 |
*,1 | Butterfly Network Inc. | 394,323 | 970 |
* | Zimvie Inc. | 72,173 | 821 |
3,775,728 | |||
Health Care Providers & Services (21.5%) | |||
UnitedHealth Group Inc. | 3,261,456 | 1,552,257 | |
Elevance Health Inc. | 833,642 | 391,537 | |
CVS Health Corp. | 4,586,465 | 383,153 | |
Cigna Group | 1,067,153 | 311,715 | |
Humana Inc. | 441,884 | 218,741 | |
HCA Healthcare Inc. | 740,282 | 180,222 | |
McKesson Corp. | 494,881 | 173,114 | |
* | Centene Corp. | 1,976,535 | 135,195 |
AmerisourceBergen Corp. | 538,392 | 83,752 | |
Laboratory Corp. of America Holdings | 309,242 | 74,020 | |
Cardinal Health Inc. | 914,855 | 69,264 | |
* | Molina Healthcare Inc. | 203,805 | 56,114 |
Quest Diagnostics Inc. | 397,445 | 54,991 | |
* | Henry Schein Inc. | 473,036 | 37,043 |
Universal Health Services Inc. Class B | 224,092 | 29,932 | |
Chemed Corp. | 51,908 | 27,074 | |
* | Acadia Healthcare Co. Inc. | 317,505 | 23,022 |
* | Tenet Healthcare Corp. | 358,705 | 20,995 |
Encompass Health Corp. | 347,892 | 19,663 | |
* | HealthEquity Inc. | 295,125 | 19,233 |
Ensign Group Inc. | 183,932 | 16,458 | |
* | Option Care Health Inc. | 508,137 | 15,585 |
* | DaVita Inc. | 188,792 | 15,530 |
* | agilon health Inc. | 719,792 | 15,267 |
* | AMN Healthcare Services Inc. | 151,263 | 13,615 |
* | Oak Street Health Inc. | 381,629 | 13,510 |
Premier Inc. Class A | 413,993 | 13,326 | |
* | Guardant Health Inc. | 339,800 | 10,496 |
* | Amedisys Inc. | 113,387 | 10,426 |
Select Medical Holdings Corp. | 376,885 | 10,248 | |
* | Progyny Inc. | 259,400 | 9,743 |
Patterson Cos. Inc. | 304,748 | 8,082 | |
* | Surgery Partners Inc. | 234,891 | 7,857 |
* | Privia Health Group Inc. | 279,112 | 7,796 |
* | R1 RCM Inc. | 510,608 | 7,251 |
* | Signify Health Inc. Class A | 248,882 | 7,165 |
* | NeoGenomics Inc. | 419,648 | 7,071 |
* | Addus HomeCare Corp. | 56,259 | 6,112 |
* | CorVel Corp. | 33,068 | 5,962 |
* | Apollo Medical Holdings Inc. | 138,061 | 4,818 |
* | Hims & Hers Health Inc. | 415,931 | 4,688 |
US Physical Therapy Inc. | 45,506 | 4,611 | |
* | ModivCare Inc. | 44,423 | 4,362 |
* | Pediatrix Medical Group Inc. | 275,333 | 4,334 |
* | RadNet Inc. | 179,937 | 4,244 |
* | Owens & Minor Inc. | 252,309 | 3,868 |
Shares | Market Value• ($000) | ||
* | AdaptHealth Corp. Class A | 234,976 | 3,757 |
* | Cross Country Healthcare Inc. | 123,659 | 3,271 |
* | Alignment Healthcare Inc. | 294,474 | 2,927 |
National HealthCare Corp. | 50,435 | 2,810 | |
* | Enhabit Inc. | 173,991 | 2,671 |
* | DocGo Inc. | 287,064 | 2,627 |
* | Community Health Systems Inc. | 427,032 | 2,588 |
* | Accolade Inc. | 215,679 | 2,396 |
* | 23andMe Holding Co. Class A | 951,849 | 2,389 |
* | Agiliti Inc. | 116,893 | 2,228 |
*,1 | Fulgent Genetics Inc. | 66,778 | 2,190 |
* | OPKO Health Inc. | 1,748,343 | 1,993 |
* | Castle Biosciences Inc. | 77,410 | 1,949 |
* | Brookdale Senior Living Inc. | 586,516 | 1,894 |
*,1 | Invitae Corp. | 807,337 | 1,736 |
* | Clover Health Investments Corp. Class A | 1,150,009 | 1,518 |
* | Pennant Group Inc. | 98,089 | 1,473 |
*,1 | CareMax Inc. | 232,381 | 999 |
*,1 | Cano Health Inc. | 597,893 | 987 |
* | PetIQ Inc. Class A | 90,436 | 843 |
* | Joint Corp. | 50,276 | 789 |
* | Aveanna Healthcare Holdings Inc. | 158,477 | 193 |
4,137,690 | |||
Health Care Technology (0.8%) | |||
* | Veeva Systems Inc. Class A | 490,382 | 81,237 |
* | Teladoc Health Inc. | 565,290 | 14,975 |
* | Doximity Inc. Class A | 336,629 | 11,321 |
* | Evolent Health Inc. Class A | 300,016 | 10,504 |
* | Certara Inc. | 363,034 | 6,578 |
* | Phreesia Inc. | 173,494 | 6,385 |
* | Veradigm Inc. | 380,444 | 6,319 |
* | Schrodinger Inc. | 205,801 | 4,472 |
* | NextGen Healthcare Inc. | 200,064 | 3,623 |
* | Health Catalyst Inc. | 172,551 | 2,409 |
* | HealthStream Inc. | 84,929 | 2,178 |
Simulations Plus Inc. | 57,034 | 2,170 | |
* | American Well Corp. Class A | 711,136 | 1,984 |
* | Definitive Healthcare Corp. Class A | 128,180 | 1,464 |
* | GoodRx Holdings Inc. Class A | 244,514 | 1,293 |
* | OptimizeRx Corp. | 59,560 | 1,063 |
* | Multiplan Corp. | 659,927 | 666 |
158,641 | |||
Life Sciences Tools & Services (12.3%) | |||
Thermo Fisher Scientific Inc. | 1,369,011 | 741,675 | |
Danaher Corp. | 2,413,997 | 597,537 | |
Agilent Technologies Inc. | 1,029,700 | 146,187 | |
* | IQVIA Holdings Inc. | 648,394 | 135,171 |
* | Mettler-Toledo International Inc. | 77,839 | 111,599 |
* | Illumina Inc. | 549,105 | 109,382 |
West Pharmaceutical Services Inc. | 258,423 | 81,928 | |
* | Waters Corp. | 207,367 | 64,468 |
* | Avantor Inc. | 2,353,470 | 57,354 |
Shares | Market Value• ($000) | ||
PerkinElmer Inc. | 440,915 | 54,925 | |
Bio-Techne Corp. | 547,929 | 39,802 | |
* | Charles River Laboratories International Inc. | 177,610 | 38,957 |
* | Bio-Rad Laboratories Inc. Class A | 77,757 | 37,155 |
* | Repligen Corp. | 184,150 | 32,110 |
Bruker Corp. | 359,395 | 24,769 | |
* | Medpace Holdings Inc. | 86,851 | 16,839 |
* | Syneos Health Inc. | 359,738 | 14,469 |
* | 10X Genomics Inc. Class A | 267,008 | 12,688 |
* | Azenta Inc. | 261,293 | 11,468 |
* | Pacific Biosciences of California Inc. | 750,303 | 6,813 |
* | Sotera Health Co. | 344,628 | 5,752 |
* | Maravai LifeSciences Holdings Inc. Class A | 389,861 | 5,750 |
* | CryoPort Inc. | 171,192 | 3,708 |
* | Adaptive Biotechnologies Corp. | 352,863 | 3,017 |
* | BioLife Solutions Inc. | 112,524 | 2,617 |
* | Cytek Biosciences Inc. | 234,645 | 2,417 |
* | NanoString Technologies Inc. | 153,590 | 1,499 |
*,1 | Bionano Genomics Inc. | 1,040,257 | 1,394 |
* | Quanterix Corp. | 125,071 | 1,376 |
* | OmniAb Inc. (XNMS) | 300,347 | 1,252 |
* | SomaLogic Inc. | 491,853 | 1,249 |
* | MaxCyte Inc. | 245,171 | 1,113 |
* | Codexis Inc. | 202,161 | 977 |
* | Quantum-Si Inc. | 336,426 | 612 |
* | Seer Inc. Class A | 133,690 | 547 |
* | Akoya Biosciences Inc. | 46,415 | 535 |
* | Nautilus Biotechnology Inc. | 129,576 | 275 |
*,2 | OmniAb Inc. 12.5 Earnout | 22,076 | — |
*,2 | OmniAb Inc. 15 Earnout | 22,076 | — |
2,369,386 | |||
Other (0.0%) | |||
Scilex Holding Co. | 219,844 | 1,712 | |
Pharmaceuticals (26.7%) | |||
Johnson & Johnson | 9,125,948 | 1,398,643 | |
Merck & Co. Inc. | 8,849,661 | 940,188 | |
Eli Lilly & Co. | 2,819,159 | 877,379 | |
Pfizer Inc. | 19,593,387 | 794,904 | |
Bristol-Myers Squibb Co. | 7,421,183 | 511,765 | |
Zoetis Inc. | 1,626,845 | 271,683 | |
Viatris Inc. | 4,232,181 | 48,247 | |
Royalty Pharma plc Class A | 1,230,925 | 44,129 | |
* | Catalent Inc. | 596,788 | 40,713 |
* | Jazz Pharmaceuticals plc | 219,673 | 30,842 |
Organon & Co. | 888,567 | 21,761 | |
Perrigo Co. plc | 469,576 | 17,698 | |
* | Elanco Animal Health Inc. (XNYS) | 1,488,970 | 17,079 |
* | Intra-Cellular Therapies Inc. | 297,418 | 14,582 |
* | Prestige Consumer Healthcare Inc. | 172,850 | 10,414 |
* | Revance Therapeutics Inc. | 287,214 | 9,966 |
*,1 | Axsome Therapeutics Inc. | 113,667 | 7,751 |
Shares | Market Value• ($000) | ||
* | Supernus Pharmaceuticals Inc. | 188,308 | 7,079 |
* | Corcept Therapeutics Inc. | 337,751 | 7,035 |
* | Pacira BioSciences Inc. | 160,502 | 6,833 |
*,1 | Tilray Brands Inc. | 2,134,316 | 6,040 |
* | Arvinas Inc. | 157,586 | 4,830 |
* | Pliant Therapeutics Inc. | 148,616 | 4,735 |
* | Amphastar Pharmaceuticals Inc. | 134,644 | 4,290 |
* | Ligand Pharmaceuticals Inc. | 59,099 | 4,263 |
* | Harmony Biosciences Holdings Inc. | 82,978 | 3,654 |
*,1 | Cassava Sciences Inc. | 138,375 | 3,418 |
* | DICE Therapeutics Inc. | 108,115 | 3,226 |
* | Collegium Pharmaceutical Inc. | 110,958 | 2,944 |
* | Reata Pharmaceuticals Inc. Class A | 93,849 | 2,925 |
* | Innoviva Inc. | 217,231 | 2,622 |
* | Ventyx Biosciences Inc. | 59,539 | 2,575 |
* | Aclaris Therapeutics Inc. | 162,398 | 2,023 |
*,1 | Theravance Biopharma Inc. | 175,498 | 1,895 |
* | Cara Therapeutics Inc. | 159,636 | 1,622 |
Phibro Animal Health Corp. Class A | 70,305 | 1,105 | |
SIGA Technologies Inc. | 154,631 | 1,059 | |
* | Tarsus Pharmaceuticals Inc. | 60,310 | 934 |
* | Atea Pharmaceuticals Inc. | 257,588 | 912 |
* | Nektar Therapeutics Class A | 656,656 | 906 |
* | Fulcrum Therapeutics Inc. | 139,308 | 841 |
* | Nuvation Bio Inc. | 412,042 | 799 |
*,1 | ATAI Life Sciences NV | 445,461 | 748 |
* | Amneal Pharmaceuticals Inc. | 333,166 | 686 |
*,1 | Phathom Pharmaceuticals Inc. | 65,725 | 563 |
* | NGM Biopharmaceuticals Inc. | 96,963 | 460 |
5,138,766 | |||
Total Common Stocks (Cost $16,364,550) | 19,248,903 |
Shares | Market Value• ($000) | ||
Temporary Cash Investments (0.2%) | |||
Money Market Fund (0.2%) | |||
3,4 | Vanguard Market Liquidity Fund, 4.640% (Cost $41,510) | 415,230 | 41,519 |
Total Investments (100.1%) (Cost $16,406,060) | 19,290,422 | ||
Other Assets and Liabilities—Net (-0.1%) | (23,583) | ||
Net Assets (100.0%) | 19,266,839 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $37,363,000. |
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 $41,474,000 was received for securities on loan. |
CVR—Contingent Value Rights. |
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) |
Alnylam Pharmaceuticals Inc. | 8/31/23 | BANA | 4,786 | (4.569) | — | (20) |
Gilead Sciences Inc. | 8/31/23 | BANA | 16,106 | (4.569) | — | (60) |
— | (80) |
1 | Based on 1M USD Overnight Bank Funding Rate as of the most recent payment date. Floating interest payment received/paid monthly. |
1M—1-month. | |
BANA—Bank of America, N.A. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $16,364,550) | 19,248,903 |
Affiliated Issuers (Cost $41,510) | 41,519 |
Total Investments in Securities | 19,290,422 |
Investment in Vanguard | 717 |
Cash Collateral Pledged—Over-the-Counter Swap Contracts | 1,640 |
Receivables for Investment Securities Sold | 69,613 |
Receivables for Accrued Income | 30,444 |
Receivables for Capital Shares Issued | 1,952 |
Total Assets | 19,394,788 |
Liabilities | |
Due to Custodian | 2,941 |
Payables for Investment Securities Purchased | 46,115 |
Collateral for Securities on Loan | 41,474 |
Payables for Capital Shares Redeemed | 36,636 |
Payables to Vanguard | 703 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 80 |
Total Liabilities | 127,949 |
Net Assets | 19,266,839 |
1 Includes $37,363,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 16,565,402 |
Total Distributable Earnings (Loss) | 2,701,437 |
Net Assets | 19,266,839 |
ETF Shares—Net Assets | |
Applicable to 70,047,333 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 16,461,436 |
Net Asset Value Per Share—ETF Shares | $235.00 |
Admiral Shares—Net Assets | |
Applicable to 23,864,534 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,805,403 |
Net Asset Value Per Share—Admiral Shares | $117.56 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends | 148,413 |
Interest1 | 175 |
Securities Lending—Net | 905 |
Total Income | 149,493 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 237 |
Management and Administrative— ETF Shares | 7,469 |
Management and Administrative— Admiral Shares | 1,303 |
Marketing and Distribution— ETF Shares | 349 |
Marketing and Distribution— Admiral Shares | 63 |
Custodian Fees | 67 |
Shareholders’ Reports—ETF Shares | 228 |
Shareholders’ Reports—Admiral Shares | 15 |
Trustees’ Fees and Expenses | 4 |
Other Expenses | 7 |
Total Expenses | 9,742 |
Expenses Paid Indirectly | (8) |
Net Expenses | 9,734 |
Net Investment Income | 139,759 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 353,969 |
Swap Contracts | 2,980 |
Realized Net Gain (Loss) | 356,949 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | (78,526) |
Swap Contracts | (80) |
Change in Unrealized Appreciation (Depreciation) | (78,606) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 418,102 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $175,000, $1,000, and $3,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $366,094,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 139,759 | 246,701 | |
Realized Net Gain (Loss) | 356,949 | 1,162,200 | |
Change in Unrealized Appreciation (Depreciation) | (78,606) | (3,600,457) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 418,102 | (2,191,556) | |
Distributions | |||
ETF Shares | (124,506) | (212,391) | |
Admiral Shares | (21,359) | (36,855) | |
Total Distributions | (145,865) | (249,246) | |
Capital Share Transactions | |||
ETF Shares | 399,310 | 1,015,966 | |
Admiral Shares | 22,975 | 131,473 | |
Net Increase (Decrease) from Capital Share Transactions | 422,285 | 1,147,439 | |
Total Increase (Decrease) | 694,522 | (1,293,363) | |
Net Assets | |||
Beginning of Period | 18,572,317 | 19,865,680 | |
End of Period | 19,266,839 | 18,572,317 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $231.59 | $262.41 | $207.65 | $169.74 | $177.07 | $151.13 |
Investment Operations | ||||||
Net Investment Income1 | 1.720 | 3.157 | 2.893 | 2.702 | 3.6002 | 2.194 |
Net Realized and Unrealized Gain (Loss) on Investments | 3.491 | (30.771) | 54.714 | 37.758 | (7.457) | 25.846 |
Total from Investment Operations | 5.211 | (27.614) | 57.607 | 40.460 | (3.857) | 28.040 |
Distributions | ||||||
Dividends from Net Investment Income | (1.801) | (3.206) | (2.846) | (2.550) | (3.473) | (2.100) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.801) | (3.206) | (2.846) | (2.550) | (3.473) | (2.100) |
Net Asset Value, End of Period | $235.00 | $231.59 | $262.41 | $207.65 | $169.74 | $177.07 |
Total Return | 2.24% | -10.60% | 27.99% | 24.05% | -2.22% | 18.75% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $16,461 | $15,829 | $16,894 | $11,724 | $8,899 | $8,594 |
Ratio of Total Expenses to Average Net Assets | 0.10%3 | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 1.44% | 1.27% | 1.25% | 1.45% | 2.12%2 | 1.38% |
Portfolio Turnover Rate4 | 2% | 3% | 5% | 7% | 5% | 6% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Net investment income per share and the ratio of net investment income to average net assets include $1.132 and 0.67%, respectively, resulting from a cash payment received in connection with the merger of Cigna Corp. and Express Scripts Holding Co. in December 2018. |
3 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.10%. |
4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $115.84 | $131.26 | $103.87 | $84.91 | $88.57 | $75.60 |
Investment Operations | ||||||
Net Investment Income1 | .860 | 1.583 | 1.450 | 1.351 | 1.8042 | 1.101 |
Net Realized and Unrealized Gain (Loss) on Investments | 1.761 | (15.400) | 27.365 | 18.884 | (3.727) | 12.920 |
Total from Investment Operations | 2.621 | (13.817) | 28.815 | 20.235 | (1.923) | 14.021 |
Distributions | ||||||
Dividends from Net Investment Income | (.901) | (1.603) | (1.425) | (1.275) | (1.737) | (1.051) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.901) | (1.603) | (1.425) | (1.275) | (1.737) | (1.051) |
Net Asset Value, End of Period | $117.56 | $115.84 | $131.26 | $103.87 | $84.91 | $88.57 |
Total Return3 | 2.25% | -10.59% | 28.01% | 24.06% | -2.21% | 18.74% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,805 | $2,744 | $2,972 | $1,676 | $1,316 | $1,248 |
Ratio of Total Expenses to Average Net Assets | 0.10%4 | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 1.44% | 1.28% | 1.25% | 1.45% | 2.12%2 | 1.38% |
Portfolio Turnover Rate5 | 2% | 3% | 5% | 7% | 5% | 6% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Net investment income per share and the ratio of net investment income to average net assets include $.566 and 0.67%, respectively, resulting from a cash payment received in connection with the merger of Cigna Corp. and Express Scripts Holding Co. in December 2018. |
3 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
4 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.10%. |
5 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended February 28, 2023, custodian fee offset arrangements reduced the fund’s expenses by $8,000 (an annual rate of less than 0.01% of average net assets). |
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 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 19,248,398 | 113 | 392 | 19,248,903 |
Temporary Cash Investments | 41,519 | — | — | 41,519 |
Total | 19,289,917 | 113 | 392 | 19,290,422 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Swap Contracts | — | 80 | — | 80 |
E. | As of February 28, 2023, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 16,449,303 |
Gross Unrealized Appreciation | 3,913,970 |
Gross Unrealized Depreciation | (1,072,851) |
Net Unrealized Appreciation (Depreciation) | 2,841,119 |
F. | During the six months ended February 28, 2023, the fund purchased $1,439,765,000 of investment securities and sold $1,020,309,000 of investment securities, other than temporary cash investments. Purchases and sales include $995,562,000 and $720,442,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
G. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 1,125,896 | 4,698 | 3,682,327 | 14,971 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (726,586) | (3,000) | (2,666,361) | (11,000) | |
Net Increase (Decrease)—ETF Shares | 399,310 | 1,698 | 1,015,966 | 3,971 | |
Admiral Shares | |||||
Issued | 215,405 | 1,772 | 548,361 | 4,414 | |
Issued in Lieu of Cash Distributions | 18,288 | 153 | 31,635 | 257 | |
Redeemed | (210,718) | (1,745) | (448,523) | (3,629) | |
Net Increase (Decrease)—Admiral Shares | 22,975 | 180 | 131,473 | 1,042 |
H. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
Aerospace & Defense | 17.8% |
Air Freight & Logistics | 5.9 |
Airlines | 2.3 |
Building Products | 6.7 |
Commercial Services & Supplies | 6.9 |
Construction & Engineering | 2.7 |
Electrical Equipment | 7.6 |
Industrial Conglomerates | 7.3 |
Machinery | 21.4 |
Marine | 0.2 |
Professional Services | 5.7 |
Road & Rail | 10.3 |
Trading Companies & Distributors | 5.2 |
Shares | Market Value• ($000) | ||
Common Stocks (99.9%) | |||
Aerospace & Defense (17.8%) | |||
Raytheon Technologies Corp. | 1,554,432 | 152,474 | |
* | Boeing Co. | 598,794 | 120,687 |
Lockheed Martin Corp. | 249,344 | 118,254 | |
Northrop Grumman Corp. | 154,620 | 71,761 | |
General Dynamics Corp. | 246,781 | 56,244 | |
TransDigm Group Inc. | 54,680 | 40,675 | |
L3Harris Technologies Inc. | 177,432 | 37,472 | |
Howmet Aerospace Inc. | 393,444 | 16,595 | |
Textron Inc. | 220,713 | 16,008 | |
* | Axon Enterprise Inc. | 71,434 | 14,309 |
HEICO Corp. Class A | 77,193 | 10,047 | |
Huntington Ingalls Industries Inc. | 42,172 | 9,075 | |
HEICO Corp. | 46,747 | 7,740 | |
Curtiss-Wright Corp. | 40,487 | 7,077 | |
Hexcel Corp. | 88,934 | 6,488 | |
Woodward Inc. | 60,033 | 5,943 | |
BWX Technologies Inc. | 96,398 | 5,891 | |
* | Aerojet Rocketdyne Holdings Inc. | 76,581 | 4,315 |
Maxar Technologies Inc. | 78,773 | 4,057 | |
Spirit AeroSystems Holdings Inc. Class A | 111,568 | 3,813 | |
Moog Inc. Class A | 30,295 | 2,988 | |
* | Mercury Systems Inc. | 54,993 | 2,878 |
* | AeroVironment Inc. | 25,211 | 2,162 |
* | AAR Corp. | 37,095 | 2,018 |
* | Parsons Corp. | 38,238 | 1,722 |
* | Kratos Defense & Security Solutions Inc. | 133,050 | 1,683 |
* | Virgin Galactic Holdings Inc. | 232,358 | 1,334 |
* | Triumph Group Inc. | 68,897 | 869 |
Kaman Corp. | 27,033 | 703 | |
* | Rocket Lab USA Inc. | 151,180 | 680 |
* | Ducommun Inc. | 12,229 | 658 |
* | V2X Inc. | 12,771 | 592 |
National Presto Industries Inc. | 5,557 | 381 | |
* | Aersale Corp. | 16,176 | 321 |
Cadre Holdings Inc. | 13,539 | 291 | |
*,1 | Astra Space Inc. | 121,828 | 69 |
728,274 | |||
Air Freight & Logistics (5.9%) | |||
United Parcel Service Inc. Class B (XNYS) | 771,790 | 140,844 | |
FedEx Corp. | 261,560 | 53,154 | |
Expeditors International of Washington Inc. | 168,154 | 17,582 | |
CH Robinson Worldwide Inc. | 124,397 | 12,435 | |
* | GXO Logistics Inc. | 112,673 | 5,585 |
* | Hub Group Inc. Class A | 34,536 | 3,168 |
Forward Air Corp. | 28,093 | 2,899 | |
* | Atlas Air Worldwide Holdings Inc. | 28,470 | 2,870 |
Shares | Market Value• ($000) | ||
* | Air Transport Services Group Inc. | 61,993 | 1,298 |
239,835 | |||
Airlines (2.3%) | |||
* | Delta Air Lines Inc. | 679,508 | 26,052 |
Southwest Airlines Co. | 627,465 | 21,070 | |
* | United Airlines Holdings Inc. | 345,417 | 17,948 |
* | American Airlines Group Inc. | 686,784 | 10,975 |
* | Alaska Air Group Inc. | 134,005 | 6,410 |
* | JetBlue Airways Corp. | 342,458 | 2,842 |
Spirit Airlines Inc. | 115,360 | 2,113 | |
* | Allegiant Travel Co. | 16,542 | 1,696 |
*,1 | Joby Aviation Inc. | 295,972 | 1,391 |
* | SkyWest Inc. | 53,828 | 1,027 |
* | Sun Country Airlines Holdings Inc. | 36,356 | 729 |
* | Hawaiian Holdings Inc. | 54,577 | 611 |
* | Frontier Group Holdings Inc. | 45,664 | 537 |
* | Blade Air Mobility Inc. | 49,379 | 230 |
* | Wheels Up Experience Inc. | 166,511 | 185 |
93,816 | |||
Building Products (6.7%) | |||
Johnson Controls International plc | 726,424 | 45,561 | |
Trane Technologies plc | 243,671 | 45,072 | |
Carrier Global Corp. | 885,405 | 39,870 | |
Carlisle Cos. Inc. | 54,642 | 14,110 | |
* | Builders FirstSource Inc. | 154,514 | 13,100 |
Masco Corp. | 238,332 | 12,496 | |
Allegion plc | 92,803 | 10,460 | |
Owens Corning | 98,802 | 9,662 | |
A O Smith Corp. | 134,071 | 8,799 | |
Lennox International Inc. | 33,694 | 8,586 | |
Fortune Brands Innovations Inc. | 135,363 | 8,386 | |
Advanced Drainage Systems Inc. | 70,048 | 6,215 | |
* | Trex Co. Inc. | 116,118 | 5,937 |
UFP Industries Inc. | 65,183 | 5,575 | |
Simpson Manufacturing Co. Inc. | 45,007 | 4,855 | |
Zurn Elkay Water Solutions Corp. | 187,657 | 4,316 | |
AAON Inc. | 44,920 | 4,086 | |
Armstrong World Industries Inc. | 48,244 | 3,804 | |
* | AZEK Co. Inc. Class A | 119,262 | 2,873 |
* | Resideo Technologies Inc. | 154,256 | 2,829 |
CSW Industrials Inc. | 15,537 | 2,199 | |
* | Masonite International Corp. | 22,465 | 1,995 |
* | Gibraltar Industries Inc. | 32,599 | 1,741 |
Griffon Corp. | 44,918 | 1,638 | |
* | PGT Innovations Inc. | 63,955 | 1,353 |
Masterbrand Inc. | 137,261 | 1,337 | |
* | JELD-WEN Holding Inc. | 88,211 | 1,160 |
Shares | Market Value• ($000) | ||
Apogee Enterprises Inc. | 23,687 | 1,084 | |
AZZ Inc. | 26,302 | 1,069 | |
* | Hayward Holdings Inc. | 77,127 | 949 |
Quanex Building Products Corp. | 35,410 | 919 | |
* | American Woodmark Corp. | 17,640 | 899 |
* | Janus International Group Inc. | 85,933 | 893 |
Insteel Industries Inc. | 20,239 | 602 | |
274,430 | |||
Commercial Services & Supplies (6.9%) | |||
Waste Management Inc. | 433,757 | 64,959 | |
Cintas Corp. | 96,687 | 42,394 | |
Waste Connections Inc. (XTSE) | 272,065 | 36,435 | |
* | Copart Inc. | 453,738 | 31,970 |
Republic Services Inc. Class A | 234,056 | 30,177 | |
Rollins Inc. | 234,395 | 8,251 | |
Tetra Tech Inc. | 55,944 | 7,658 | |
* | Clean Harbors Inc. | 54,261 | 7,166 |
* | IAA Inc. | 141,351 | 5,783 |
MSA Safety Inc. | 39,344 | 5,286 | |
* | Stericycle Inc. | 97,487 | 4,648 |
* | Casella Waste Systems Inc. Class A | 53,708 | 4,180 |
ABM Industries Inc. | 69,874 | 3,383 | |
Brink's Co. | 49,058 | 3,201 | |
UniFirst Corp. | 15,994 | 3,137 | |
Brady Corp. Class A | 48,776 | 2,690 | |
MillerKnoll Inc. | 80,329 | 1,917 | |
* | KAR Auction Services Inc. | 115,064 | 1,644 |
* | Driven Brands Holdings Inc. | 53,308 | 1,491 |
* | ACV Auctions Inc. Class A | 118,164 | 1,446 |
HNI Corp. | 44,038 | 1,376 | |
* | Montrose Environmental Group Inc. | 25,070 | 1,221 |
* | CoreCivic Inc. | 120,550 | 1,171 |
* | GEO Group Inc. | 131,339 | 1,151 |
Matthews International Corp. Class A | 28,583 | 1,091 | |
Healthcare Services Group Inc. | 78,339 | 1,040 | |
Deluxe Corp. | 45,850 | 845 | |
Pitney Bowes Inc. | 185,588 | 805 | |
* | SP Plus Corp. | 21,361 | 727 |
Steelcase Inc. Class A | 91,583 | 721 | |
* | Harsco Corp. | 82,613 | 699 |
VSE Corp. | 11,300 | 649 | |
* | Cimpress plc | 18,274 | 642 |
* | Heritage-Crystal Clean Inc. | 16,636 | 599 |
ACCO Brands Corp. | 99,898 | 566 | |
* | Viad Corp. | 21,473 | 552 |
* | Aurora Innovation Inc. | 352,601 | 550 |
Interface Inc. Class A | 60,931 | 537 | |
* | Liquidity Services Inc. | 29,960 | 379 |
Shares | Market Value• ($000) | ||
* | BrightView Holdings Inc. | 33,375 | 211 |
283,348 | |||
Construction & Engineering (2.7%) | |||
Quanta Services Inc. | 150,979 | 24,368 | |
AECOM | 139,606 | 12,056 | |
* | WillScot Mobile Mini Holdings Corp. | 220,812 | 11,350 |
EMCOR Group Inc. | 50,330 | 8,416 | |
Valmont Industries Inc. | 22,524 | 7,148 | |
MDU Resources Group Inc. | 214,729 | 6,839 | |
* | MasTec Inc. | 66,116 | 6,461 |
* | Fluor Corp. | 150,110 | 5,505 |
Comfort Systems USA Inc. | 37,783 | 5,495 | |
* | API Group Corp. | 172,829 | 4,060 |
Arcosa Inc. | 50,981 | 3,089 | |
* | Dycom Industries Inc. | 31,289 | 2,635 |
* | MYR Group Inc. | 17,615 | 2,125 |
Granite Construction Inc. | 46,172 | 1,995 | |
Primoris Services Corp. | 55,832 | 1,535 | |
* | Ameresco Inc. Class A | 34,110 | 1,499 |
* | Sterling Infrastructure Inc. | 32,116 | 1,235 |
* | Construction Partners Inc. Class A | 44,110 | 1,193 |
Argan Inc. | 14,879 | 578 | |
* | IES Holdings Inc. | 9,874 | 415 |
* | Great Lakes Dredge & Dock Corp. | 69,892 | 401 |
* | Tutor Perini Corp. | 47,586 | 386 |
108,784 | |||
Electrical Equipment (7.6%) | |||
Eaton Corp. plc | 420,711 | 73,595 | |
Emerson Electric Co. | 625,747 | 51,755 | |
Rockwell Automation Inc. | 121,397 | 35,804 | |
AMETEK Inc. | 243,061 | 34,408 | |
Hubbell Inc. Class B | 56,740 | 14,272 | |
Regal Rexnord Corp. | 69,901 | 11,019 | |
* | Plug Power Inc. | 554,386 | 8,244 |
Sensata Technologies Holding plc | 161,622 | 8,175 | |
nVent Electric plc | 175,983 | 8,067 | |
* | Generac Holdings Inc. | 67,053 | 8,047 |
Acuity Brands Inc. | 33,981 | 6,591 | |
* | Atkore Inc. | 41,999 | 6,133 |
Vertiv Holdings Co. Class A | 338,929 | 5,508 | |
* | Sunrun Inc. | 202,661 | 4,872 |
* | Bloom Energy Corp. Class A | 189,526 | 4,111 |
EnerSys | 43,176 | 3,916 | |
Encore Wire Corp. | 19,379 | 3,740 | |
* | Shoals Technologies Group Inc. Class A | 141,576 | 3,474 |
* | Array Technologies Inc. | 151,316 | 2,836 |
*,1 | ChargePoint Holdings Inc. | 233,522 | 2,653 |
*,1 | FuelCell Energy Inc. | 428,778 | 1,432 |
*,1 | SunPower Corp. | 92,406 | 1,388 |
GrafTech International Ltd. | 217,856 | 1,231 | |
* | Vicor Corp. | 24,151 | 1,135 |
*,1 | FREYR Battery SA | 107,199 | 973 |
* | Thermon Group Holdings Inc. | 34,971 | 925 |
*,1 | Fluence Energy Inc. | 42,810 | 799 |
*,1 | Enovix Corp. | 73,466 | 677 |
* | Stem Inc. | 65,467 | 534 |
* | TPI Composites Inc. | 44,340 | 513 |
*,1 | Blink Charging Co. | 53,405 | 483 |
* | SES AI Corp. | 111,449 | 360 |
Shares | Market Value• ($000) | ||
* | Energy Vault Holdings Inc. | 71,736 | 240 |
*,1 | NuScale Power Corp. | 20,425 | 211 |
*,1 | ESS Tech Inc. | 55,613 | 101 |
* | Heliogen Inc. | 108,660 | 34 |
308,256 | |||
Industrial Conglomerates (7.3%) | |||
Honeywell International Inc. | 711,022 | 136,147 | |
General Electric Co. | 1,155,896 | 97,916 | |
3M Co. | 584,883 | 63,015 | |
297,078 | |||
Machinery (21.4%) | |||
Caterpillar Inc. | 550,336 | 131,833 | |
Deere & Co. | 303,205 | 127,116 | |
Illinois Tool Works Inc. | 324,843 | 75,740 | |
Parker-Hannifin Corp. | 135,938 | 47,830 | |
PACCAR Inc. | 551,755 | 39,837 | |
Otis Worldwide Corp. | 440,678 | 37,290 | |
Cummins Inc. | 149,170 | 36,260 | |
Ingersoll Rand Inc. (XYNS) | 427,849 | 24,845 | |
Fortive Corp. | 355,169 | 23,676 | |
Dover Corp. | 148,330 | 22,235 | |
Xylem Inc. | 190,439 | 19,549 | |
Westinghouse Air Brake Technologies Corp. | 182,551 | 19,046 | |
IDEX Corp. | 79,697 | 17,930 | |
Snap-on Inc. | 56,319 | 14,005 | |
Stanley Black & Decker Inc. | 156,352 | 13,385 | |
Graco Inc. | 178,267 | 12,397 | |
Toro Co. | 110,003 | 12,149 | |
Nordson Corp. | 54,411 | 11,951 | |
Lincoln Electric Holdings Inc. | 57,942 | 9,730 | |
Pentair plc | 173,822 | 9,724 | |
AGCO Corp. | 66,995 | 9,434 | |
* | Middleby Corp. | 54,091 | 8,411 |
Donaldson Co. Inc. | 129,442 | 8,187 | |
ITT Inc. | 88,288 | 8,024 | |
* | RBC Bearings Inc. | 30,664 | 7,047 |
* | Evoqua Water Technologies Corp. | 128,724 | 6,251 |
Oshkosh Corp. | 69,101 | 6,163 | |
Crane Holdings Co. | 50,418 | 6,039 | |
* | Chart Industries Inc. | 44,996 | 6,007 |
Timken Co. | 69,203 | 5,913 | |
Watts Water Technologies Inc. Class A | 28,830 | 5,052 | |
Flowserve Corp. | 138,222 | 4,795 | |
Allison Transmission Holdings Inc. | 97,808 | 4,646 | |
Altra Industrial Motion Corp. | 68,896 | 4,239 | |
Terex Corp. | 71,184 | 4,215 | |
Mueller Industries Inc. | 53,945 | 3,990 | |
Franklin Electric Co. Inc. | 41,511 | 3,967 | |
John Bean Technologies Corp. | 33,572 | 3,723 | |
Hillenbrand Inc. | 72,795 | 3,432 | |
Federal Signal Corp. | 64,136 | 3,384 | |
* | SPX Technologies Inc. | 47,825 | 3,369 |
Albany International Corp. Class A | 32,853 | 3,315 | |
Esab Corp. | 50,903 | 2,985 | |
Kadant Inc. | 12,328 | 2,646 | |
ESCO Technologies Inc. | 27,388 | 2,552 | |
Helios Technologies Inc. | 34,422 | 2,332 | |
Kennametal Inc. | 80,730 | 2,287 |
Shares | Market Value• ($000) | ||
Mueller Water Products Inc. Class A | 164,167 | 2,277 | |
Trinity Industries Inc. | 81,470 | 2,274 | |
EnPro Industries Inc. | 20,934 | 2,250 | |
Barnes Group Inc. | 50,802 | 2,141 | |
Alamo Group Inc. | 11,378 | 2,075 | |
Lindsay Corp. | 11,708 | 1,762 | |
Enerpac Tool Group Corp. Class A | 59,864 | 1,612 | |
* | Gates Industrial Corp. plc | 105,270 | 1,478 |
Standex International Corp. | 12,647 | 1,463 | |
Wabash National Corp. | 50,671 | 1,388 | |
* | 3D Systems Corp. | 138,940 | 1,360 |
Tennant Co. | 18,761 | 1,329 | |
* | Energy Recovery Inc. | 52,818 | 1,166 |
Columbus McKinnon Corp. | 29,998 | 1,113 | |
Greenbrier Cos. Inc. | 34,503 | 1,108 | |
Astec Industries Inc. | 24,151 | 1,087 | |
* | Hillman Solutions Corp. | 104,036 | 925 |
Shyft Group Inc. | 35,432 | 919 | |
Douglas Dynamics Inc. | 23,989 | 895 | |
* | Proto Labs Inc. | 28,417 | 893 |
* | Proterra Inc. | 192,049 | 807 |
*,1 | Nikola Corp. | 354,992 | 788 |
* | Manitowoc Co. Inc. | 36,870 | 697 |
Gorman-Rupp Co. | 21,825 | 608 | |
* | CIRCOR International Inc. | 20,415 | 598 |
Luxfer Holdings plc | 29,352 | 486 | |
REV Group Inc. | 34,319 | 401 | |
* | Blue Bird Corp. | 18,564 | 377 |
*,1 | Desktop Metal Inc. Class A | 242,074 | 368 |
Hyster-Yale Materials Handling Inc. | 9,412 | 366 | |
* | Hyliion Holdings Corp. | 125,665 | 356 |
*,1 | Velo3D Inc. | 57,391 | 182 |
*,1 | Microvast Holdings Inc. | 125,465 | 162 |
* | Markforged Holding Corp. | 87,849 | 117 |
*,1 | Hyzon Motors Inc. | 77,597 | 101 |
874,862 | |||
Marine (0.2%) | |||
* | Kirby Corp. | 63,225 | 4,586 |
Matson Inc. | 39,899 | 2,654 | |
Genco Shipping & Trading Ltd. | 40,123 | 764 | |
Eagle Bulk Shipping Inc. | 10,279 | 671 | |
8,675 | |||
Professional Services (5.6%) | |||
* | CoStar Group Inc. | 430,303 | 30,405 |
Verisk Analytics Inc. Class A | 165,550 | 28,327 | |
Equifax Inc. | 129,382 | 26,204 | |
Jacobs Solutions Inc. | 133,488 | 15,952 | |
TransUnion | 203,626 | 13,323 | |
Leidos Holdings Inc. | 137,195 | 13,318 | |
Booz Allen Hamilton Holding Corp. Class A | 139,695 | 13,233 | |
Robert Half International Inc. | 114,643 | 9,243 | |
KBR Inc. | 145,038 | 7,993 | |
* | CACI International Inc. Class A | 24,825 | 7,274 |
* | FTI Consulting Inc. | 36,440 | 6,694 |
Science Applications International Corp. | 58,221 | 6,209 | |
Exponent Inc. | 53,510 | 5,506 | |
Insperity Inc. | 38,116 | 4,730 | |
* | ASGN Inc. | 52,728 | 4,682 |
Shares | Market Value• ($000) | ||
ManpowerGroup Inc. | 53,394 | 4,532 | |
* | TriNet Group Inc. | 42,719 | 3,540 |
* | Clarivate plc | 320,901 | 3,251 |
Korn Ferry | 56,382 | 3,151 | |
* | Alight Inc. Class A | 271,025 | 2,602 |
Dun & Bradstreet Holdings Inc. | 206,424 | 2,479 | |
* | CBIZ Inc. | 48,406 | 2,425 |
ICF International Inc. | 19,921 | 1,982 | |
* | Huron Consulting Group Inc. | 21,041 | 1,477 |
* | NV5 Global Inc. | 14,033 | 1,477 |
* | Upwork Inc. | 125,992 | 1,429 |
Kforce Inc. | 20,684 | 1,293 | |
* | Sterling Check Corp. | 87,584 | 1,114 |
CRA International Inc. | 7,450 | 927 | |
* | First Advantage Corp. | 57,019 | 827 |
* | Planet Labs PBC | 172,763 | 796 |
Heidrick & Struggles International Inc. | 21,204 | 728 | |
Barrett Business Services Inc. | 7,420 | 712 | |
* | TrueBlue Inc. | 34,250 | 640 |
Resources Connection Inc. | 33,970 | 613 | |
Kelly Services Inc. Class A | 35,044 | 586 | |
* | Forrester Research Inc. | 12,395 | 408 |
* | Hireright Holdings Corp. | 24,842 | 274 |
* | Skillsoft Corp. | 85,719 | 134 |
230,490 | |||
Road & Rail (10.3%) | |||
Union Pacific Corp. | 650,145 | 134,762 | |
CSX Corp. | 2,223,709 | 67,801 | |
Norfolk Southern Corp. | 244,897 | 55,058 | |
* | Uber Technologies Inc. | 1,582,373 | 52,630 |
Old Dominion Freight Line Inc. | 99,403 | 33,723 | |
JB Hunt Transport Services Inc. | 87,499 | 15,819 | |
Knight-Swift Transportation Holdings Inc. | 161,264 | 9,166 |
Shares | Market Value• ($000) | ||
* | Saia Inc. | 27,963 | 7,574 |
Landstar System Inc. | 37,971 | 6,865 | |
* | Avis Budget Group Inc. | 24,110 | 5,296 |
Ryder System Inc. | 53,108 | 5,200 | |
U-Haul Holding Co. | 93,239 | 5,187 | |
* | XPO Inc. | 109,479 | 3,652 |
* | Lyft Inc. Class A | 335,172 | 3,352 |
* | Hertz Global Holdings Inc. | 158,851 | 2,940 |
Werner Enterprises Inc. | 60,232 | 2,798 | |
ArcBest Corp. | 25,854 | 2,487 | |
* | RXO Inc. | 109,547 | 2,253 |
Schneider National Inc. Class B | 60,445 | 1,696 | |
Marten Transport Ltd. | 68,304 | 1,508 | |
Heartland Express Inc. | 62,956 | 1,016 | |
* | Daseke Inc. | 42,110 | 343 |
* | TuSimple Holdings Inc. Class A | 138,710 | 266 |
Universal Logistics Holdings Inc. | 8,418 | 250 | |
421,642 | |||
Trading Companies & Distributors (5.2%) | |||
United Rentals Inc. | 73,259 | 34,324 | |
WW Grainger Inc. | 48,109 | 32,157 | |
Ferguson plc | 219,872 | 31,684 | |
Fastenal Co. | 606,297 | 31,261 | |
Watsco Inc. | 35,145 | 10,709 | |
* | WESCO International Inc. | 48,418 | 8,017 |
* | SiteOne Landscape Supply Inc. | 47,632 | 7,066 |
* | Univar Solutions Inc. | 172,473 | 5,993 |
Applied Industrial Technologies Inc. | 40,733 | 5,819 | |
Air Lease Corp. Class A | 111,579 | 4,829 | |
Triton International Ltd. | 62,077 | 4,280 | |
MSC Industrial Direct Co. Inc. Class A | 49,970 | 4,223 | |
GATX Corp. | 37,267 | 4,065 | |
* | Beacon Roofing Supply Inc. | 54,964 | 3,573 |
Herc Holdings Inc. | 24,725 | 3,550 |
Shares | Market Value• ($000) | ||
Boise Cascade Co. | 41,659 | 2,879 | |
McGrath RentCorp. | 25,861 | 2,659 | |
Rush Enterprises Inc. Class A | 44,756 | 2,537 | |
* | GMS Inc. | 40,426 | 2,454 |
Veritiv Corp. | 13,528 | 2,049 | |
H&E Equipment Services Inc. | 34,610 | 1,921 | |
* | Core & Main Inc. Class A | 72,746 | 1,696 |
* | NOW Inc. | 115,705 | 1,487 |
* | MRC Global Inc. | 88,396 | 990 |
* | Titan Machinery Inc. | 21,612 | 990 |
Global Industrial Co. | 17,660 | 497 | |
* | DXP Enterprises Inc. | 16,480 | 476 |
212,185 | |||
Total Common Stocks (Cost $3,968,415) | 4,081,675 | ||
Temporary Cash Investments (0.2%) | |||
Money Market Fund (0.2%) | |||
2,3 | Vanguard Market Liquidity Fund, 4.640% (Cost $10,515) | 105,178 | 10,517 |
Total Investments (100.1%) (Cost $3,978,930) | 4,092,192 | ||
Other Assets and Liabilities—Net (-0.1%) | (5,525) | ||
Net Assets (100.0%) | 4,086,667 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $9,314,000. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
3 | Collateral of $10,405,000 was received for securities on loan. |
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) |
L3Harris Technologies Inc. | 8/31/23 | BANA | 5,069 | (4.569) | — | (18) |
1 | Based on 1M USD Overnight Bank Funding Rate as of the most recent payment date. Floating interest payment received/paid monthly. |
1M—1-month. | |
BANA—Bank of America, N.A. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $3,968,415) | 4,081,675 |
Affiliated Issuers (Cost $10,515) | 10,517 |
Total Investments in Securities | 4,092,192 |
Investment in Vanguard | 144 |
Receivables for Investment Securities Sold | 21,446 |
Receivables for Accrued Income | 8,603 |
Receivables for Capital Shares Issued | 273 |
Total Assets | 4,122,658 |
Liabilities | |
Due to Custodian | 204 |
Payables for Investment Securities Purchased | 15,518 |
Collateral for Securities on Loan | 10,405 |
Payables for Capital Shares Redeemed | 9,700 |
Payables to Vanguard | 146 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 18 |
Total Liabilities | 35,991 |
Net Assets | 4,086,667 |
1 Includes $9,314,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 4,111,837 |
Total Distributable Earnings (Loss) | (25,170) |
Net Assets | 4,086,667 |
ETF Shares—Net Assets | |
Applicable to 20,093,424 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 3,853,844 |
Net Asset Value Per Share—ETF Shares | $191.80 |
Admiral Shares—Net Assets | |
Applicable to 2,362,820 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 232,823 |
Net Asset Value Per Share—Admiral Shares | $98.54 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 29,978 |
Interest2 | 67 |
Securities Lending—Net | 324 |
Total Income | 30,369 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 46 |
Management and Administrative— ETF Shares | 1,537 |
Management and Administrative— Admiral Shares | 97 |
Marketing and Distribution— ETF Shares | 97 |
Marketing and Distribution— Admiral Shares | 6 |
Custodian Fees | 11 |
Shareholders’ Reports—ETF Shares | 80 |
Shareholders’ Reports—Admiral Shares | 2 |
Trustees’ Fees and Expenses | 1 |
Other Expenses | 6 |
Total Expenses | 1,883 |
Net Investment Income | 28,486 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | (4,024) |
Swap Contracts | (446) |
Realized Net Gain (Loss) | (4,470) |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 339,018 |
Swap Contracts | (92) |
Change in Unrealized Appreciation (Depreciation) | 338,926 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 362,942 |
1 | Dividends are net of foreign withholding taxes of $20,000. |
2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $67,000, $1,000, less than $1,000, and $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $48,959,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 28,486 | 61,443 | |
Realized Net Gain (Loss) | (4,470) | 686,904 | |
Change in Unrealized Appreciation (Depreciation) | 338,926 | (1,300,943) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 362,942 | (552,596) | |
Distributions | |||
ETF Shares | (30,723) | (60,577) | |
Admiral Shares | (1,814) | (3,978) | |
Total Distributions | (32,537) | (64,555) | |
Capital Share Transactions | |||
ETF Shares | 80,479 | (1,397,561) | |
Admiral Shares | (10,166) | (109,475) | |
Net Increase (Decrease) from Capital Share Transactions | 70,313 | (1,507,036) | |
Total Increase (Decrease) | 400,718 | (2,124,187) | |
Net Assets | |||
Beginning of Period | 3,685,949 | 5,810,136 | |
End of Period | 4,086,667 | 3,685,949 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $175.75 | $199.27 | $146.89 | $142.53 | $146.12 | $128.70 |
Investment Operations | ||||||
Net Investment Income1 | 1.361 | 2.432 | 2.264 | 2.366 | 2.597 | 2.263 |
Net Realized and Unrealized Gain (Loss) on Investments | 16.242 | (23.486) | 52.318 | 4.554 | (3.754) | 17.412 |
Total from Investment Operations | 17.603 | (21.054) | 54.582 | 6.920 | (1.157) | 19.675 |
Distributions | ||||||
Dividends from Net Investment Income | (1.553) | (2.466) | (2.202) | (2.560) | (2.433) | (2.255) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.553) | (2.466) | (2.202) | (2.560) | (2.433) | (2.255) |
Net Asset Value, End of Period | $191.80 | $175.75 | $199.27 | $146.89 | $142.53 | $146.12 |
Total Return | 10.12% | -10.62% | 37.41% | 4.96% | -0.73% | 15.41% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $3,854 | $3,461 | $5,438 | $3,090 | $3,457 | $3,957 |
Ratio of Total Expenses to Average Net Assets | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 1.48% | 1.29% | 1.25% | 1.69% | 1.87% | 1.62% |
Portfolio Turnover Rate2 | 3% | 4% | 5% | 4% | 4% | 4% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $90.29 | $102.37 | $75.46 | $73.22 | $75.07 | $66.12 |
Investment Operations | ||||||
Net Investment Income1 | .695 | 1.240 | 1.162 | 1.221 | 1.340 | 1.154 |
Net Realized and Unrealized Gain (Loss) on Investments | 8.351 | (12.056) | 26.880 | 2.336 | (1.941) | 8.955 |
Total from Investment Operations | 9.046 | (10.816) | 28.042 | 3.557 | (.601) | 10.109 |
Distributions | ||||||
Dividends from Net Investment Income | (.796) | (1.264) | (1.132) | (1.317) | (1.249) | (1.159) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.796) | (1.264) | (1.132) | (1.317) | (1.249) | (1.159) |
Net Asset Value, End of Period | $98.54 | $90.29 | $102.37 | $75.46 | $73.22 | $75.07 |
Total Return2 | 10.12% | -10.62% | 37.43% | 4.98% | -0.75% | 15.41% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $233 | $225 | $372 | $210 | $202 | $213 |
Ratio of Total Expenses to Average Net Assets | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 1.48% | 1.27% | 1.25% | 1.71% | 1.87% | 1.62% |
Portfolio Turnover Rate3 | 3% | 4% | 5% | 4% | 4% | 4% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | 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 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 4,081,675 | — | — | 4,081,675 |
Temporary Cash Investments | 10,517 | — | — | 10,517 |
Total | 4,092,192 | — | — | 4,092,192 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Swap Contracts | — | 18 | — | 18 |
D. | As of February 28, 2023, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 3,992,117 |
Gross Unrealized Appreciation | 557,973 |
Gross Unrealized Depreciation | (457,898) |
Net Unrealized Appreciation (Depreciation) | 100,075 |
E. | During the six months ended February 28, 2023, the fund purchased $352,132,000 of investment securities and sold $283,799,000 of investment securities, other than temporary cash investments. Purchases and sales include $231,543,000 and $184,825,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 264,442 | 1,451 | 858,213 | 4,528 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (183,963) | (1,050) | (2,255,774) | (12,125) | |
Net Increase (Decrease)—ETF Shares | 80,479 | 401 | (1,397,561) | (7,597) | |
Admiral Shares | |||||
Issued | 34,178 | 361 | 89,996 | 911 | |
Issued in Lieu of Cash Distributions | 1,542 | 17 | 3,384 | 35 | |
Redeemed | (45,886) | (508) | (202,855) | (2,091) | |
Net Increase (Decrease)—Admiral Shares | (10,166) | (130) | (109,475) | (1,145) |
G. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
Communications Equipment | 3.2% |
Electronic Equipment, Instruments & Components | 3.6 |
IT Services | 16.4 |
Semiconductors & Semiconductor Equipment | 21.0 |
Software | 32.2 |
Technology Hardware, Storage & Peripherals | 23.6 |
Shares | Market Value• ($000) | ||
Common Stocks (99.7%) | |||
Communications Equipment (3.2%) | |||
Cisco Systems Inc. | 19,697,965 | 953,775 | |
Motorola Solutions Inc. | 799,542 | 210,128 | |
* | Arista Networks Inc. | 1,170,616 | 162,364 |
Juniper Networks Inc. | 1,577,976 | 48,570 | |
* | F5 Inc. | 293,080 | 41,905 |
* | Ciena Corp. | 739,520 | 35,660 |
* | Lumentum Holdings Inc. | 346,024 | 18,619 |
* | Calix Inc. | 301,961 | 15,445 |
* | Viavi Solutions Inc. | 1,194,571 | 13,069 |
* | Extreme Networks Inc. | 693,890 | 12,990 |
* | NetScout Systems Inc. | 382,722 | 10,885 |
* | ViaSat Inc. | 306,583 | 9,737 |
* | CommScope Holding Co. Inc. | 1,135,944 | 8,224 |
*,1 | Infinera Corp. | 1,108,766 | 7,839 |
* | Harmonic Inc. | 587,854 | 7,754 |
Adtran Holdings Inc. | 418,054 | 7,295 | |
* | Digi International Inc. | 206,405 | 6,888 |
* | NETGEAR Inc. | 202,092 | 3,658 |
* | Ribbon Communications Inc. | 765,341 | 3,413 |
* | Casa Systems Inc. | 580,281 | 2,101 |
* | Clearfield Inc. | 3,980 | 249 |
1,580,568 | |||
Electronic Equipment, Instruments & Components (3.6%) | |||
Amphenol Corp. Class A | 2,848,195 | 220,792 | |
TE Connectivity Ltd. | 1,533,354 | 195,227 | |
* | Keysight Technologies Inc. | 860,931 | 137,715 |
CDW Corp. | 650,418 | 131,658 | |
Corning Inc. | 3,859,299 | 131,023 | |
* | Teledyne Technologies Inc. | 226,416 | 97,375 |
* | Zebra Technologies Corp. Class A | 251,184 | 75,418 |
* | Trimble Inc. | 1,203,997 | 62,680 |
Jabil Inc. | 670,881 | 55,703 | |
* | Flex Ltd. | 2,227,721 | 50,703 |
Cognex Corp. | 852,092 | 40,406 | |
* | Arrow Electronics Inc. | 316,776 | 37,376 |
National Instruments Corp. | 654,925 | 33,080 | |
Littelfuse Inc. | 123,563 | 31,969 | |
* | Coherent Corp. | 652,917 | 28,160 |
* | Novanta Inc. | 178,770 | 28,051 |
* | Insight Enterprises Inc. | 179,487 | 24,037 |
* | Fabrinet | 183,171 | 22,323 |
* | IPG Photonics Corp. | 179,346 | 22,103 |
Avnet Inc. | 479,998 | 21,461 | |
Vontier Corp. | 812,813 | 21,271 | |
TD SYNNEX Corp. | 217,231 | 20,967 | |
Belden Inc. | 223,891 | 18,892 | |
Badger Meter Inc. | 150,832 | 18,344 | |
* | Sanmina Corp. | 296,755 | 17,942 |
Advanced Energy Industries Inc. | 192,185 | 17,889 | |
* | Rogers Corp. | 99,510 | 14,648 |
Shares | Market Value• ($000) | ||
Vishay Intertechnology Inc. | 681,057 | 14,459 | |
* | Plexus Corp. | 143,570 | 13,767 |
* | Itron Inc. | 238,153 | 13,282 |
Methode Electronics Inc. | 205,327 | 10,006 | |
* | Knowles Corp. | 507,652 | 8,620 |
* | OSI Systems Inc. | 90,764 | 8,400 |
* | ePlus Inc. | 154,120 | 8,349 |
CTS Corp. | 179,820 | 7,788 | |
* | Mirion Technologies Inc. | 791,606 | 7,188 |
* | TTM Technologies Inc. | 539,005 | 7,163 |
* | Napco Security Technologies Inc. | 192,867 | 6,095 |
* | PAR Technology Corp. | 171,461 | 5,855 |
*,1 | Ouster Inc. | 4,280,000 | 5,136 |
Benchmark Electronics Inc. | 212,533 | 5,056 | |
* | ScanSource Inc. | 159,826 | 4,983 |
*,1 | Lightwave Logic Inc. | 757,603 | 4,470 |
* | nLight Inc. | 326,699 | 3,692 |
PC Connection Inc. | 82,349 | 3,607 | |
*,1 | MicroVision Inc. | 1,355,961 | 3,471 |
* | FARO Technologies Inc. | 123,761 | 3,366 |
* | Arlo Technologies Inc. | 751,648 | 2,856 |
*,1 | SmartRent Inc. | 1,100,869 | 2,851 |
* | Aeva Technologies Inc. | 1,338,489 | 2,396 |
*,1 | 908 Devices Inc. | 233,643 | 2,103 |
*,1 | Focus Universal Inc. | 309,581 | 1,563 |
*,1 | AEye Inc. | 1,920,283 | 1,134 |
1,734,869 | |||
IT Services (16.3%) | |||
Visa Inc. Class A | 7,278,487 | 1,600,830 | |
Mastercard Inc. Class A | 4,106,032 | 1,458,832 | |
Accenture plc Class A | 3,013,530 | 800,243 | |
International Business Machines Corp. | 4,288,550 | 554,510 | |
Automatic Data Processing Inc. | 1,983,314 | 435,972 | |
* | PayPal Holdings Inc. | 5,245,943 | 386,101 |
* | Fiserv Inc. | 2,904,390 | 334,266 |
* | Block Inc. (XNYS) | 2,522,169 | 193,526 |
Fidelity National Information Services Inc. | 2,913,219 | 184,611 | |
Paychex Inc. | 1,553,019 | 171,453 | |
* | Snowflake Inc. Class A | 1,069,588 | 165,123 |
Cognizant Technology Solutions Corp. Class A | 2,485,677 | 155,678 | |
Global Payments Inc. | 1,331,468 | 149,391 | |
* | Gartner Inc. | 380,464 | 124,720 |
* | VeriSign Inc. | 465,696 | 91,663 |
* | EPAM Systems Inc. | 276,998 | 85,218 |
Broadridge Financial Solutions Inc. | 567,757 | 79,929 | |
* | Cloudflare Inc. Class A | 1,243,414 | 74,617 |
* | FleetCor Technologies Inc. | 346,085 | 74,336 |
* | MongoDB Inc. Class A | 331,209 | 69,395 |
Shares | Market Value• ($000) | ||
SS&C Technologies Holdings Inc. | 1,116,354 | 65,530 | |
Jack Henry & Associates Inc. | 354,399 | 58,206 | |
* | GoDaddy Inc. Class A | 761,293 | 57,637 |
* | Twilio Inc. Class A | 850,519 | 57,163 |
* | Akamai Technologies Inc. | 771,769 | 56,030 |
* | Okta Inc. | 737,465 | 52,574 |
* | WEX Inc. | 217,969 | 42,027 |
* | DXC Technology Co. | 1,142,226 | 31,685 |
Concentrix Corp. | 218,560 | 29,908 | |
* | ExlService Holdings Inc. | 165,584 | 27,240 |
* | Euronet Worldwide Inc. | 247,890 | 26,983 |
Maximus Inc. | 305,913 | 25,109 | |
Western Union Co. | 1,926,901 | 24,973 | |
* | Toast Inc. Class A | 1,116,109 | 21,117 |
* | Shift4 Payments Inc. Class A | 252,449 | 16,283 |
* | Kyndryl Holdings Inc. | 971,031 | 15,235 |
*,1 | Affirm Holdings Inc. | 1,032,381 | 14,061 |
* | Perficient Inc. | 182,667 | 12,933 |
* | Verra Mobility Corp. Class A | 744,192 | 12,822 |
* | Marqeta Inc. Class A | 2,008,429 | 11,649 |
EVERTEC Inc. | 307,100 | 11,304 | |
CSG Systems International Inc. | 175,616 | 9,870 | |
* | Fastly Inc. Class A | 653,327 | 9,075 |
* | Evo Payments Inc. Class A | 266,765 | 9,030 |
* | Sabre Corp. | 1,673,530 | 8,468 |
* | DigitalOcean Holdings Inc. | 256,427 | 8,201 |
* | Remitly Global Inc. | 507,660 | 7,427 |
* | Payoneer Global Inc. | 1,210,405 | 7,020 |
* | International Money Express Inc. | 206,656 | 5,280 |
* | Flywire Corp. | 198,497 | 4,909 |
* | Squarespace Inc. Class A | 208,496 | 4,881 |
TTEC Holdings Inc. | 116,479 | 4,689 | |
* | Repay Holdings Corp. Class A | 540,531 | 4,584 |
* | Conduent Inc. | 1,102,529 | 4,388 |
Cass Information Systems Inc. | 89,396 | 4,322 | |
* | BigCommerce Holdings Inc. Series 1 | 401,698 | 3,824 |
* | I3 Verticals Inc. Class A | 150,939 | 3,715 |
* | Grid Dynamics Holdings Inc. | 317,135 | 3,695 |
* | AvidXchange Holdings Inc. | 358,365 | 3,566 |
Hackett Group Inc. | 185,144 | 3,451 | |
* | TaskUS Inc. Class A | 193,927 | 3,337 |
* | Unisys Corp. | 568,749 | 2,832 |
* | Paymentus Holdings Inc. Class A | 234,627 | 2,100 |
*,1 | Tucows Inc. Class A | 86,111 | 1,991 |
Shares | Market Value• ($000) | ||
* | Rackspace Technology Inc. | 716,469 | 1,684 |
*,1 | Cyxtera Technologies Inc. | 71,007 | 159 |
* | Cerberus Cyber Sentinel Corp. | 118,717 | 68 |
7,983,449 | |||
Semiconductors & Semiconductor Equipment (20.9%) | |||
NVIDIA Corp. | 11,813,404 | 2,742,600 | |
Broadcom Inc. | 1,923,552 | 1,143,148 | |
Texas Instruments Inc. | 4,355,505 | 746,751 | |
QUALCOMM Inc. | 5,335,835 | 659,136 | |
* | Advanced Micro Devices Inc. | 7,702,357 | 605,251 |
Intel Corp. | 19,504,370 | 486,244 | |
Applied Materials Inc. | 4,106,789 | 477,003 | |
Analog Devices Inc. | 2,455,751 | 450,557 | |
Lam Research Corp. | 654,866 | 318,271 | |
Micron Technology Inc. | 5,273,103 | 304,891 | |
KLA Corp. | 678,122 | 257,266 | |
NXP Semiconductors NV | 1,257,812 | 224,494 | |
Microchip Technology Inc. | 2,648,030 | 214,570 | |
Marvell Technology Inc. | 4,093,372 | 184,816 | |
* | ON Semiconductor Corp. | 2,082,953 | 161,241 |
* | Enphase Energy Inc. | 650,577 | 136,966 |
Monolithic Power Systems Inc. | 215,066 | 104,154 | |
Skyworks Solutions Inc. | 776,790 | 86,666 | |
* | SolarEdge Technologies Inc. | 269,388 | 85,644 |
* | First Solar Inc. | 464,615 | 78,585 |
Teradyne Inc. | 760,397 | 76,907 | |
Entegris Inc. | 726,841 | 61,949 | |
* | Lattice Semiconductor Corp. | 672,792 | 57,160 |
* | Qorvo Inc. | 504,646 | 50,914 |
* | Wolfspeed Inc. | 608,812 | 45,040 |
* | Silicon Laboratories Inc. | 172,288 | 30,759 |
Universal Display Corp. | 224,144 | 30,450 | |
* | Cirrus Logic Inc. | 282,142 | 28,990 |
MKS Instruments Inc. | 298,012 | 28,886 | |
* | Rambus Inc. | 557,241 | 24,647 |
Power Integrations Inc. | 287,715 | 23,665 | |
* | Synaptics Inc. | 200,294 | 23,557 |
* | Axcelis Technologies Inc. | 170,330 | 21,894 |
* | Diodes Inc. | 231,591 | 21,235 |
* | Onto Innovation Inc. | 253,844 | 20,934 |
* | Ambarella Inc. | 187,745 | 17,706 |
* | MACOM Technology Solutions Holdings Inc. Class H | 254,112 | 17,417 |
Kulicke & Soffa Industries Inc. | 302,747 | 16,136 | |
* | Allegro MicroSystems Inc. | 359,834 | 15,717 |
* | Impinj Inc. | 113,728 | 15,083 |
Amkor Technology Inc. | 569,027 | 14,658 | |
* | MaxLinear Inc. | 389,940 | 13,340 |
* | FormFactor Inc. | 419,325 | 12,622 |
* | Sitime Corp. | 88,237 | 10,955 |
* | Semtech Corp. | 343,529 | 10,584 |
* | Cohu Inc. | 266,292 | 9,906 |
* | Ultra Clean Holdings Inc. | 257,019 | 8,189 |
* | PDF Solutions Inc. | 183,807 | 6,882 |
* | Veeco Instruments Inc. | 310,022 | 6,594 |
Shares | Market Value• ($000) | ||
* | Photronics Inc. | 366,843 | 6,464 |
* | Ichor Holdings Ltd. | 178,424 | 5,879 |
*,1 | indie Semiconductor Inc. | 526,999 | 5,512 |
* | SMART Global Holdings Inc. | 304,338 | 5,082 |
* | CEVA Inc. | 151,985 | 4,797 |
* | Alpha & Omega Semiconductor Ltd. | 153,224 | 4,093 |
*,1 | Navitas Semiconductor Corp. | 628,188 | 4,077 |
* | ACM Research Inc. Class A | 331,651 | 3,442 |
* | Magnachip Semiconductor Corp. | 337,168 | 3,230 |
* | Credo Technology Group Holding Ltd. | 23,289 | 247 |
10,233,853 | |||
Software (32.2%) | |||
Microsoft Corp. | 33,656,109 | 8,394,507 | |
* | Salesforce Inc. | 4,730,962 | 774,033 |
* | Adobe Inc. | 2,231,132 | 722,775 |
Oracle Corp. | 7,624,903 | 666,417 | |
Intuit Inc. | 1,278,138 | 520,432 | |
* | ServiceNow Inc. | 959,386 | 414,618 |
* | Palo Alto Networks Inc. | 1,431,921 | 269,731 |
* | Synopsys Inc. | 731,801 | 266,200 |
* | Cadence Design Systems Inc. | 1,311,180 | 252,979 |
Roper Technologies Inc. | 507,564 | 218,354 | |
* | Autodesk Inc. | 1,040,922 | 206,821 |
* | Fortinet Inc. | 3,217,305 | 191,237 |
* | Workday Inc. Class A | 964,664 | 178,916 |
* | ANSYS Inc. | 419,873 | 127,478 |
* | Crowdstrike Holdings Inc. Class A | 978,323 | 118,074 |
* | VMware Inc. Class A | 1,016,054 | 111,898 |
* | Datadog Inc. Class A | 1,184,197 | 90,615 |
* | HubSpot Inc. | 221,405 | 85,653 |
* | Fair Isaac Corp. | 122,304 | 82,847 |
* | Zoom Video Communications Inc. Class A | 1,095,035 | 81,679 |
* | Splunk Inc. | 789,659 | 80,940 |
* | Paycom Software Inc. | 247,427 | 71,521 |
* | PTC Inc. | 541,502 | 67,866 |
* | Tyler Technologies Inc. | 202,338 | 65,001 |
* | Palantir Technologies Inc. Class A | 8,142,331 | 63,836 |
* | DocuSign Inc. Class A | 976,432 | 59,904 |
Gen Digital Inc. (XNGS) | 2,909,441 | 56,763 | |
* | Zscaler Inc. | 417,322 | 54,732 |
* | Ceridian HCM Holding Inc. | 676,003 | 49,301 |
* | Black Knight Inc. | 765,598 | 45,630 |
* | Dynatrace Inc. | 1,065,422 | 45,312 |
* | Manhattan Associates Inc. | 309,701 | 44,519 |
* | Bill Holdings Inc. | 462,770 | 39,164 |
Bentley Systems Inc. Class B | 957,011 | 38,721 | |
* | Paylocity Holding Corp. | 198,606 | 38,253 |
*,1 | Unity Software Inc. | 1,224,247 | 37,266 |
* | Nutanix Inc. Class A | 1,119,026 | 31,612 |
* | Aspen Technology Inc. | 142,284 | 30,166 |
* | Guidewire Software Inc. | 400,575 | 28,124 |
* | Dropbox Inc. Class A | 1,370,727 | 27,963 |
* | SPS Commerce Inc. | 180,909 | 27,252 |
* | Smartsheet Inc. Class A | 615,811 | 27,108 |
Shares | Market Value• ($000) | ||
Dolby Laboratories Inc. Class A | 309,648 | 25,478 | |
* | Tenable Holdings Inc. | 564,663 | 24,975 |
* | Box Inc. Class A | 727,435 | 24,260 |
* | Five9 Inc. | 351,694 | 23,212 |
* | Elastic NV | 386,892 | 22,834 |
* | New Relic Inc. | 311,007 | 22,694 |
* | Teradata Corp. | 528,992 | 21,562 |
* | Workiva Inc. Class A | 233,942 | 20,868 |
* | Qualys Inc. | 176,602 | 20,866 |
* | Alteryx Inc. Class A | 314,805 | 20,560 |
* | Blackline Inc. | 289,121 | 19,764 |
* | NCR Corp. | 701,590 | 17,912 |
* | Altair Engineering Inc. Class A | 273,717 | 17,534 |
* | Varonis Systems Inc. Class B | 574,370 | 15,554 |
* | Envestnet Inc. | 243,220 | 15,204 |
* | Rapid7 Inc. | 317,922 | 15,038 |
* | Sprout Social Inc. Class A | 245,161 | 14,950 |
* | ACI Worldwide Inc. | 561,078 | 14,504 |
* | Confluent Inc. Class A | 593,898 | 14,485 |
* | SentinelOne Inc. Class A | 899,941 | 14,390 |
* | RingCentral Inc. Class A | 424,491 | 14,025 |
* | Appfolio Inc. Class A | 102,643 | 13,555 |
Progress Software Corp. | 232,097 | 13,332 | |
*,1 | MicroStrategy Inc. Class A | 50,307 | 13,194 |
* | Blackbaud Inc. | 235,980 | 13,142 |
* | Verint Systems Inc. | 343,912 | 12,855 |
* | Alarm.com Holdings Inc. | 250,431 | 12,729 |
* | PagerDuty Inc. | 425,561 | 12,707 |
* | CommVault Systems Inc. | 214,673 | 12,640 |
InterDigital Inc. | 162,129 | 11,834 | |
* | UiPath Inc. Class A | 756,143 | 11,221 |
* | Gitlab Inc. Class A | 243,601 | 10,728 |
*,1 | C3.ai Inc. Class A | 474,105 | 10,705 |
Pegasystems Inc. | 228,768 | 10,610 | |
*,1 | Freshworks Inc. Class A | 707,149 | 10,565 |
* | Procore Technologies Inc. | 155,847 | 10,440 |
* | Agilysys Inc. | 129,978 | 10,387 |
* | Q2 Holdings Inc. | 315,389 | 10,181 |
* | AppLovin Corp. Class A | 682,624 | 9,215 |
* | LiveRamp Holdings Inc. | 372,512 | 8,802 |
* | Qualtrics International Inc. Class A | 506,631 | 8,572 |
* | nCino Inc. | 310,790 | 8,469 |
* | Duck Creek Technologies Inc. | 446,081 | 8,449 |
* | Appian Corp. Class A | 200,888 | 8,327 |
* | Everbridge Inc. | 233,922 | 7,645 |
*,1 | Samsara Inc. Class A | 450,140 | 7,499 |
* | Zeta Global Holdings Corp. Class A | 678,822 | 7,202 |
* | Sumo Logic Inc. | 596,727 | 7,083 |
* | HashiCorp Inc. Class A | 234,481 | 6,847 |
* | Cerence Inc. | 247,848 | 6,786 |
* | JFrog Ltd. | 292,291 | 6,723 |
* | E2open Parent Holdings Inc. | 1,073,907 | 6,658 |
* | DoubleVerify Holdings Inc. | 251,681 | 6,612 |
* | Zuora Inc. Class A | 774,705 | 6,562 |
* | PROS Holdings Inc. | 248,648 | 6,487 |
* | PowerSchool Holdings Inc. Class A | 279,921 | 6,424 |
Shares | Market Value• ($000) | ||
Clear Secure Inc. Class A | 206,046 | 6,334 | |
* | Asana Inc. Class A | 427,460 | 6,322 |
* | Model N Inc. | 189,578 | 6,294 |
* | Atlassian Corp Ltd. Class A | 37,136 | 6,103 |
Adeia Inc. | 618,709 | 6,100 | |
*,1 | Riot Platforms Inc. | 959,434 | 5,996 |
A10 Networks Inc. | 392,735 | 5,977 | |
* | Digital Turbine Inc. | 534,134 | 5,737 |
* | Paycor HCM Inc. | 222,893 | 5,521 |
* | Momentive Global Inc. | 780,778 | 5,387 |
* | Vertex Inc. Class A | 338,718 | 5,277 |
* | Braze Inc. Class A | 171,126 | 5,254 |
* | Jamf Holding Corp. | 239,246 | 5,077 |
*,1 | Marathon Digital Holdings Inc. | 704,679 | 5,003 |
* | Yext Inc. | 674,411 | 4,950 |
* | Olo Inc. Class A | 620,127 | 4,918 |
* | Amplitude Inc. Class A | 355,655 | 4,695 |
* | LivePerson Inc. | 457,361 | 4,628 |
* | Sprinklr Inc. Class A | 416,158 | 4,515 |
* | Matterport Inc. | 1,451,350 | 4,427 |
* | Consensus Cloud Solutions Inc. | 107,819 | 4,425 |
* | 8x8 Inc. | 805,775 | 4,287 |
* | Informatica Inc. Class A | 247,071 | 4,262 |
* | Intapp Inc. | 105,435 | 4,173 |
* | N-Able Inc. | 348,411 | 4,125 |
* | Domo Inc. Class B | 246,056 | 3,782 |
* | Clearwater Analytics Holdings Inc. Class A | 208,132 | 3,582 |
American Software Inc. Class A | 263,480 | 3,567 | |
*,1 | AvePoint Inc. | 698,880 | 3,494 |
* | OneSpan Inc. | 249,612 | 3,375 |
Ebix Inc. | 187,730 | 3,263 | |
* | Mitek Systems Inc. | 343,526 | 3,195 |
Shares | Market Value• ($000) | ||
* | SolarWinds Corp. | 332,278 | 2,831 |
* | Digimarc Corp. | 138,439 | 2,823 |
* | Couchbase Inc. | 173,286 | 2,818 |
*,1 | MeridianLink Inc. | 177,090 | 2,791 |
*,1 | SEMrush Holdings Inc. Class A | 348,479 | 2,788 |
* | ON24 Inc. | 285,095 | 2,748 |
* | Alkami Technology Inc. | 174,547 | 2,681 |
*,1 | Veritone Inc. | 358,925 | 2,545 |
* | Rimini Street Inc. | 527,001 | 2,256 |
* | Enfusion Inc. Class A | 191,277 | 2,050 |
* | CS Disco Inc. | 270,497 | 1,893 |
* | Expensify Inc. Class A | 208,451 | 1,755 |
* | Upland Software Inc. | 302,265 | 1,750 |
* | SecureWorks Corp. Class A | 210,422 | 1,593 |
* | Telos Corp. | 395,932 | 1,532 |
* | Latch Inc. | 1,904,316 | 1,504 |
* | WM Technology Inc. | 1,309,166 | 1,447 |
*,1 | Cipher Mining Inc. | 928,724 | 1,412 |
*,1 | Embark Technology Inc. | 155,466 | 637 |
* | Terawulf Inc. | 936,344 | 604 |
* | ForgeRock Inc. Class A | 11,687 | 239 |
* | Weave Communications Inc. | 33,904 | 175 |
* | Porch Group Inc. | 55,887 | 140 |
15,737,131 | |||
Technology Hardware, Storage & Peripherals (23.5%) | |||
Apple Inc. | 74,235,724 | 10,943,088 | |
HP Inc. | 4,971,384 | 146,755 | |
Hewlett Packard Enterprise Co. | 6,269,287 | 97,864 | |
NetApp Inc. | 1,066,596 | 68,849 | |
Seagate Technology Holdings plc | 966,831 | 62,419 | |
* | Western Digital Corp. | 1,532,786 | 58,982 |
Shares | Market Value• ($000) | ||
Dell Technologies Inc. Class C | 1,298,045 | 52,752 | |
* | Pure Storage Inc. Class A | 1,387,194 | 39,590 |
* | Super Micro Computer Inc. | 242,346 | 23,743 |
Xerox Holdings Corp. | 634,299 | 10,460 | |
* | Avid Technology Inc. | 214,291 | 6,227 |
* | Corsair Gaming Inc. | 274,145 | 4,797 |
*,1 | IonQ Inc. | 939,506 | 4,453 |
11,519,979 | |||
Total Common Stocks (Cost $39,604,594) | 48,789,849 | ||
Temporary Cash Investments (0.4%) | |||
Money Market Fund (0.4%) | |||
2,3 | Vanguard Market Liquidity Fund, 4.640% (Cost $199,412) | 1,994,867 | 199,467 |
Total Investments (100.1%) (Cost $39,804,006) | 48,989,316 | ||
Other Assets and Liabilities—Net (-0.1%) | (25,574) | ||
Net Assets (100.0%) | 48,963,742 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $75,560,000. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
3 | Collateral of $81,263,000 was received for securities on loan, of which $81,249,000 is held in Vanguard Market Liquidity Fund and $14,000 is held in cash. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini NASDAQ 100 Index | March 2023 | 101 | 24,386 | (463) |
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) |
Visa Inc. Class A | 8/31/23 | BANA | 109,970 | (4.469) | — | (175) |
1 | Based on 1M USD Overnight Bank Funding Rate as of the most recent payment date. Floating interest payment received/paid monthly. |
1M—1-month. | |
BANA—Bank of America, N.A. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $39,604,594) | 48,789,849 |
Affiliated Issuers (Cost $199,412) | 199,467 |
Total Investments in Securities | 48,989,316 |
Investment in Vanguard | 1,734 |
Cash | 8,300 |
Cash Collateral Pledged—Futures Contracts | 1,600 |
Cash Collateral Pledged—Over-the-Counter Swap Contracts | 5,420 |
Receivables for Investment Securities Sold | 136,884 |
Receivables for Accrued Income | 50,460 |
Receivables for Capital Shares Issued | 5,892 |
Total Assets | 49,199,606 |
Liabilities | |
Payables for Investment Securities Purchased | 62,745 |
Collateral for Securities on Loan | 81,263 |
Payables for Capital Shares Redeemed | 89,889 |
Payables to Vanguard | 1,770 |
Variation Margin Payable—Futures Contracts | 22 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 175 |
Total Liabilities | 235,864 |
Net Assets | 48,963,742 |
1 Includes $75,560,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 38,891,926 |
Total Distributable Earnings (Loss) | 10,071,816 |
Net Assets | 48,963,742 |
ETF Shares—Net Assets | |
Applicable to 121,282,918 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 42,707,048 |
Net Asset Value Per Share—ETF Shares | $352.13 |
Admiral Shares—Net Assets | |
Applicable to 34,700,699 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 6,256,694 |
Net Asset Value Per Share—Admiral Shares | $180.30 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 232,414 |
Interest2 | 2,469 |
Securities Lending—Net | 2,849 |
Total Income | 237,732 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 559 |
Management and Administrative— ETF Shares | 18,382 |
Management and Administrative— Admiral Shares | 2,637 |
Marketing and Distribution— ETF Shares | 919 |
Marketing and Distribution— Admiral Shares | 156 |
Custodian Fees | 68 |
Shareholders’ Reports—ETF Shares | 445 |
Shareholders’ Reports—Admiral Shares | 18 |
Trustees’ Fees and Expenses | 10 |
Other Expenses | 6 |
Total Expenses | 23,200 |
Expenses Paid Indirectly | (3) |
Net Expenses | 23,197 |
Net Investment Income | 214,535 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 1,910,967 |
Futures Contracts | (2,705) |
Swap Contracts | 9,345 |
Realized Net Gain (Loss) | 1,917,607 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | (1,625,703) |
Futures Contracts | 647 |
Swap Contracts | (175) |
Change in Unrealized Appreciation (Depreciation) | (1,625,231) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 506,911 |
1 | Dividends are net of foreign withholding taxes of $324,000. |
2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $2,418,000, ($2,000), less than $1,000, and $30,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $2,272,414,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 214,535 | 419,743 | |
Realized Net Gain (Loss) | 1,917,607 | 6,476,344 | |
Change in Unrealized Appreciation (Depreciation) | (1,625,231) | (17,436,415) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 506,911 | (10,540,328) | |
Distributions | |||
ETF Shares | (201,056) | (362,859) | |
Admiral Shares | (28,349) | (51,539) | |
Total Distributions | (229,405) | (414,398) | |
Capital Share Transactions | |||
ETF Shares | (1,077,484) | 1,913,376 | |
Admiral Shares | 211,366 | 54,602 | |
Net Increase (Decrease) from Capital Share Transactions | (866,118) | 1,967,978 | |
Total Increase (Decrease) | (588,612) | (8,986,748) | |
Net Assets | |||
Beginning of Period | 49,552,354 | 58,539,102 | |
End of Period | 48,963,742 | 49,552,354 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $349.23 | $426.48 | $328.54 | $213.66 | $202.82 | $151.19 |
Investment Operations | ||||||
Net Investment Income1 | 1.532 | 3.003 | 2.634 | 2.926 | 2.572 | 1.921 |
Net Realized and Unrealized Gain (Loss) on Investments | 3.004 | (77.272) | 97.919 | 114.955 | 10.792 | 51.430 |
Total from Investment Operations | 4.536 | (74.269) | 100.553 | 117.881 | 13.364 | 53.351 |
Distributions | ||||||
Dividends from Net Investment Income | (1.636) | (2.981) | (2.613) | (3.001) | (2.524) | (1.721) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.636) | (2.981) | (2.613) | (3.001) | (2.524) | (1.721) |
Net Asset Value, End of Period | $352.13 | $349.23 | $426.48 | $328.54 | $213.66 | $202.82 |
Total Return | 1.34% | -17.50% | 30.80% | 55.72% | 6.70% | 35.52% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $42,707 | $43,558 | $51,238 | $38,711 | $20,738 | $22,595 |
Ratio of Total Expenses to Average Net Assets | 0.10%2 | 0.10%2 | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 0.92% | 0.76% | 0.73% | 1.17% | 1.32% | 1.10% |
Portfolio Turnover Rate3 | 3% | 6% | 4% | 5% | 5% | 7% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.10%. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $178.82 | $218.38 | $168.23 | $109.40 | $103.86 | $77.42 |
Investment Operations | ||||||
Net Investment Income1 | .788 | 1.538 | 1.353 | 1.504 | 1.326 | 1.001 |
Net Realized and Unrealized Gain (Loss) on Investments | 1.531 | (39.572) | 50.136 | 58.864 | 5.509 | 26.324 |
Total from Investment Operations | 2.319 | (38.034) | 51.489 | 60.368 | 6.835 | 27.325 |
Distributions | ||||||
Dividends from Net Investment Income | (.839) | (1.526) | (1.339) | (1.538) | (1.295) | (.885) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.839) | (1.526) | (1.339) | (1.538) | (1.295) | (.885) |
Net Asset Value, End of Period | $180.30 | $178.82 | $218.38 | $168.23 | $109.40 | $103.86 |
Total Return2 | 1.33% | -17.50% | 30.81% | 55.78% | 6.70% | 35.54% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $6,257 | $5,994 | $7,301 | $5,149 | $2,470 | $2,033 |
Ratio of Total Expenses to Average Net Assets | 0.10%3 | 0.10%3 | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 0.93% | 0.75% | 0.73% | 1.17% | 1.32% | 1.10% |
Portfolio Turnover Rate4 | 3% | 6% | 4% | 5% | 5% | 7% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.10%. |
4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended February 28, 2023, custodian fee offset arrangements reduced the fund’s expenses by $3,000 (an annual rate of less than 0.01% of average net assets). |
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 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 48,789,849 | — | — | 48,789,849 |
Temporary Cash Investments | 199,467 | — | — | 199,467 |
Total | 48,989,316 | — | — | 48,989,316 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 463 | — | — | 463 |
Swap Contracts | — | 175 | — | 175 |
Total | 463 | 175 | — | 638 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
E. | As of February 28, 2023, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 39,930,460 |
Gross Unrealized Appreciation | 11,939,385 |
Gross Unrealized Depreciation | (2,880,992) |
Net Unrealized Appreciation (Depreciation) | 9,058,393 |
F. | During the six months ended February 28, 2023, the fund purchased $5,160,211,000 of investment securities and sold $6,075,984,000 of investment securities, other than temporary cash investments. Purchases and sales include $3,392,533,000 and $4,542,887,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
G. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 3,463,005 | 10,407 | 12,984,660 | 32,734 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (4,540,489) | (13,850) | (11,071,284) | (28,150) | |
Net Increase (Decrease)—ETF Shares | (1,077,484) | (3,443) | 1,913,376 | 4,584 |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Admiral Shares | |||||
Issued | 705,917 | 4,087 | 1,802,529 | 8,692 | |
Issued in Lieu of Cash Distributions | 25,749 | 152 | 46,814 | 229 | |
Redeemed | (520,300) | (3,059) | (1,794,741) | (8,834) | |
Net Increase (Decrease)—Admiral Shares | 211,366 | 1,180 | 54,602 | 87 |
H. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
Chemicals | 62.6% |
Construction Materials | 4.6 |
Containers & Packaging | 11.7 |
Metals & Mining | 20.5 |
Paper & Forest Products | 0.6 |
Shares | Market Value• ($000) | ||
Common Stocks (99.8%) | |||
Chemicals (62.5%) | |||
Linde plc | 1,673,207 | 582,895 | |
Air Products and Chemicals Inc. | 751,589 | 214,939 | |
Sherwin-Williams Co. | 834,024 | 184,611 | |
Corteva Inc. | 2,420,328 | 150,762 | |
Ecolab Inc. | 868,504 | 138,414 | |
Dow Inc. | 2,384,160 | 136,374 | |
DuPont de Nemours Inc. | 1,683,105 | 122,917 | |
PPG Industries Inc. | 796,308 | 105,160 | |
Albemarle Corp. | 396,912 | 100,939 | |
LyondellBasell Industries NV Class A | 882,528 | 84,714 | |
International Flavors & Fragrances Inc. | 863,842 | 80,510 | |
Mosaic Co. | 1,153,526 | 61,356 | |
CF Industries Holdings Inc. | 664,640 | 57,086 | |
FMC Corp. | 426,688 | 55,107 | |
Celanese Corp. Class A | 367,477 | 42,712 | |
RPM International Inc. | 437,440 | 38,770 | |
Eastman Chemical Co. | 406,777 | 34,657 | |
Olin Corp. | 441,096 | 25,473 | |
* | Axalta Coating Systems Ltd. | 748,079 | 22,293 |
Valvoline Inc. | 592,219 | 20,846 | |
Ashland Inc. | 174,513 | 17,762 | |
Chemours Co. | 510,839 | 17,461 | |
Huntsman Corp. | 552,718 | 16,217 | |
Element Solutions Inc. | 778,392 | 15,988 | |
Westlake Corp. | 129,697 | 15,452 | |
Cabot Corp. | 190,660 | 15,163 | |
* | Livent Corp. | 607,122 | 14,237 |
Balchem Corp. | 108,766 | 14,140 | |
Avient Corp. | 307,800 | 13,429 | |
HB Fuller Co. | 180,458 | 12,589 | |
Scotts Miracle-Gro Co. | 140,792 | 11,615 | |
Sensient Technologies Corp. | 142,289 | 10,727 | |
* | Ingevity Corp. | 126,496 | 10,444 |
Innospec Inc. | 83,829 | 9,176 | |
NewMarket Corp. | 25,066 | 8,610 | |
Quaker Chemical Corp. | 42,481 | 8,317 | |
Stepan Co. | 75,362 | 7,844 | |
Minerals Technologies Inc. | 109,845 | 6,673 | |
Tronox Holdings plc Class A | 392,142 | 6,117 | |
Orion Engineered Carbons SA | 205,850 | 5,249 | |
Mativ Holdings Inc. | 186,760 | 4,839 | |
*,1 | Ginkgo Bioworks Holdings Inc. | 2,834,127 | 4,166 |
* | Perimeter Solutions SA | 478,893 | 4,099 |
AdvanSix Inc. | 93,316 | 3,840 | |
* | Ecovyst Inc. | 269,694 | 2,708 |
Chase Corp. | 27,224 | 2,666 | |
Hawkins Inc. | 64,362 | 2,618 |
Shares | Market Value• ($000) | ||
Koppers Holdings Inc. | 70,759 | 2,540 | |
* | LSB Industries Inc. | 180,423 | 2,452 |
Trinseo plc | 94,615 | 2,193 | |
* | Aspen Aerogels Inc. | 200,139 | 2,172 |
*,1 | PureCycle Technologies Inc. | 277,222 | 1,769 |
* | Origin Materials Inc. | 364,455 | 1,749 |
* | Diversey Holdings Ltd. | 276,986 | 1,637 |
* | Intrepid Potash Inc. | 36,332 | 1,151 |
*,1 | Amyris Inc. | 852,534 | 1,066 |
Kronos Worldwide Inc. | 77,045 | 870 | |
*,1 | Danimer Scientific Inc. | 310,068 | 800 |
2,541,080 | |||
Construction Materials (4.6%) | |||
Vulcan Materials Co. | 450,299 | 81,464 | |
Martin Marietta Materials Inc. | 210,407 | 75,719 | |
Eagle Materials Inc. | 124,707 | 17,499 | |
* | Summit Materials Inc. Class A | 400,708 | 11,837 |
186,519 | |||
Containers & Packaging (11.7%) | |||
Ball Corp. | 1,063,715 | 59,791 | |
Amcor plc | 5,043,995 | 56,190 | |
Avery Dennison Corp. | 274,332 | 49,981 | |
Packaging Corp. of America | 313,506 | 42,863 | |
International Paper Co. | 1,144,845 | 41,661 | |
Crown Holdings Inc. | 406,462 | 35,163 | |
Westrock Co. | 861,313 | 27,045 | |
Berry Global Group Inc. | 420,694 | 26,125 | |
AptarGroup Inc. | 221,309 | 25,831 | |
Graphic Packaging Holding Co. | 1,041,249 | 24,782 | |
Sealed Air Corp. | 489,631 | 23,806 | |
Sonoco Products Co. | 330,074 | 19,494 | |
Silgan Holdings Inc. | 298,072 | 15,917 | |
* | O-I Glass Inc. | 524,890 | 11,663 |
Greif Inc. Class A | 86,678 | 6,159 | |
TriMas Corp. | 142,259 | 4,266 | |
Myers Industries Inc. | 104,415 | 2,698 | |
Pactiv Evergreen Inc. | 149,762 | 1,619 | |
* | Ranpak Holdings Corp. Class A | 150,452 | 948 |
476,002 | |||
Metals & Mining (20.4%) | |||
Freeport-McMoRan Inc. | 4,842,439 | 198,395 | |
Nucor Corp. | 869,125 | 145,526 | |
Newmont Corp. | 2,688,887 | 117,262 | |
Steel Dynamics Inc. | 594,806 | 75,011 | |
Reliance Steel & Aluminum Co. | 198,825 | 49,277 | |
* | Cleveland-Cliffs Inc. | 1,746,207 | 37,247 |
Alcoa Corp. | 599,758 | 29,352 | |
Royal Gold Inc. | 222,530 | 26,434 | |
Commercial Metals Co. | 397,942 | 20,594 | |
* | ATI Inc. | 438,305 | 17,817 |
Shares | Market Value• ($000) | ||
US Steel Corp. | 580,982 | 17,796 | |
Hecla Mining Co. | 2,051,884 | 10,567 | |
* | MP Materials Corp. | 270,396 | 9,464 |
* | Arconic Corp. | 343,192 | 9,074 |
Alpha Metallurgical Resources Inc. | 51,209 | 8,590 | |
Carpenter Technology Corp. | 163,962 | 7,924 | |
Materion Corp. | 69,648 | 7,778 | |
Warrior Met Coal Inc. | 175,508 | 6,717 | |
Worthington Industries Inc. | 109,362 | 6,610 | |
Compass Minerals International Inc. | 117,998 | 4,546 | |
Kaiser Aluminum Corp. | 53,837 | 4,270 | |
* | Piedmont Lithium Inc. | 60,950 | 3,956 |
* | Coeur Mining Inc. | 957,380 | 2,987 |
Schnitzer Steel Industries Inc. Class A | 86,004 | 2,811 | |
SunCoke Energy Inc. | 282,210 | 2,684 | |
* | TimkenSteel Corp. | 127,945 | 2,340 |
* | Century Aluminum Co. | 171,148 | 2,066 |
Ryerson Holding Corp. | 56,341 | 2,024 | |
*,1 | 5e Advanced Materials Inc. | 126,200 | 853 |
Ramaco Resources Inc. | 73,817 | 735 | |
830,707 | |||
Paper & Forest Products (0.6%) | |||
Louisiana-Pacific Corp. | 242,609 | 14,195 | |
Sylvamo Corp. | 134,408 | 6,630 | |
Mercer International Inc. | 147,040 | 1,585 | |
22,410 | |||
Total Common Stocks (Cost $3,839,604) | 4,056,718 | ||
Temporary Cash Investments (0.3%) | |||
Money Market Fund (0.3%) | |||
2,3 | Vanguard Market Liquidity Fund, 4.640% (Cost $11,365) | 113,673 | 11,366 |
Total Investments (100.1%) (Cost $3,850,969) | 4,068,084 | ||
Other Assets and Liabilities—Net (-0.1%) | (3,321) | ||
Net Assets (100.0%) | 4,064,763 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $4,851,000. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
3 | Collateral of $6,106,000 was received for securities on loan. |
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) |
US Steel Corp. | 8/31/23 | BANA | 6,494 | (4.569) | — | (11) |
1 | Based on 1M USD Overnight Bank Funding Rate as of the most recent payment date. Floating interest payment received/paid monthly. |
1M—1-month. | |
BANA—Bank of America, N.A. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $3,839,604) | 4,056,718 |
Affiliated Issuers (Cost $11,365) | 11,366 |
Total Investments in Securities | 4,068,084 |
Investment in Vanguard | 148 |
Receivables for Investment Securities Sold | 27,878 |
Receivables for Accrued Income | 6,549 |
Receivables for Capital Shares Issued | 1,234 |
Total Assets | 4,103,893 |
Liabilities | |
Due to Custodian | 214 |
Payables for Investment Securities Purchased | 15,284 |
Collateral for Securities on Loan | 6,106 |
Payables for Capital Shares Redeemed | 17,370 |
Payables to Vanguard | 145 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 11 |
Total Liabilities | 39,130 |
Net Assets | 4,064,763 |
1 Includes $4,851,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 3,933,733 |
Total Distributable Earnings (Loss) | 131,030 |
Net Assets | 4,064,763 |
ETF Shares—Net Assets | |
Applicable to 16,532,096 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,998,916 |
Net Asset Value Per Share—ETF Shares | $181.40 |
Admiral Shares—Net Assets | |
Applicable to 11,532,277 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,065,847 |
Net Asset Value Per Share—Admiral Shares | $92.42 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 36,855 |
Interest2 | 50 |
Securities Lending—Net | 185 |
Total Income | 37,090 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 46 |
Management and Administrative— ETF Shares | 1,184 |
Management and Administrative— Admiral Shares | 445 |
Marketing and Distribution— ETF Shares | 77 |
Marketing and Distribution— Admiral Shares | 27 |
Custodian Fees | 21 |
Shareholders’ Reports—ETF Shares | 101 |
Shareholders’ Reports—Admiral Shares | 8 |
Trustees’ Fees and Expenses | 1 |
Other Expenses | 6 |
Total Expenses | 1,916 |
Expenses Paid Indirectly | (2) |
Net Expenses | 1,914 |
Net Investment Income | 35,176 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 41,469 |
Swap Contracts | 1,584 |
Realized Net Gain (Loss) | 43,053 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 292,515 |
Swap Contracts | (11) |
Change in Unrealized Appreciation (Depreciation) | 292,504 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 370,733 |
1 | Dividends are net of foreign withholding taxes of $1,000. |
2 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $49,000, less than $1,000, and $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $60,984,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 35,176 | 84,474 | |
Realized Net Gain (Loss) | 43,053 | 315,519 | |
Change in Unrealized Appreciation (Depreciation) | 292,504 | (886,777) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 370,733 | (486,784) | |
Distributions | |||
ETF Shares | (29,163) | (66,907) | |
Admiral Shares | (10,324) | (19,170) | |
Total Distributions | (39,487) | (86,077) | |
Capital Share Transactions | |||
ETF Shares | (132,659) | (590,097) | |
Admiral Shares | (17,561) | 44,413 | |
Net Increase (Decrease) from Capital Share Transactions | (150,220) | (545,684) | |
Total Increase (Decrease) | 181,026 | (1,118,545) | |
Net Assets | |||
Beginning of Period | 3,883,737 | 5,002,282 | |
End of Period | 4,064,763 | 3,883,737 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $166.09 | $187.02 | $134.84 | $122.80 | $134.33 | $124.29 |
Investment Operations | ||||||
Net Investment Income1 | 1.558 | 3.213 | 2.801 | 2.522 | 2.501 | 2.285 |
Net Realized and Unrealized Gain (Loss) on Investments | 15.490 | (20.893) | 52.014 | 12.053 | (11.541) | 9.961 |
Total from Investment Operations | 17.048 | (17.680) | 54.815 | 14.575 | (9.040) | 12.246 |
Distributions | ||||||
Dividends from Net Investment Income | (1.738) | (3.250) | (2.635) | (2.535) | (2.490) | (2.206) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.738) | (3.250) | (2.635) | (2.535) | (2.490) | (2.206) |
Net Asset Value, End of Period | $181.40 | $166.09 | $187.02 | $134.84 | $122.80 | $134.33 |
Total Return | 10.39% | -9.55% | 41.00% | 12.12% | -6.73% | 9.91% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,999 | $2,889 | $3,924 | $1,676 | $1,921 | $2,749 |
Ratio of Total Expenses to Average Net Assets | 0.10%2 | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 1.83% | 1.76% | 1.66% | 2.05% | 2.04% | 1.71% |
Portfolio Turnover Rate3 | 2% | 4% | 5% | 4% | 4% | 5% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.10%. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $84.62 | $95.29 | $68.70 | $62.57 | $68.45 | $63.33 |
Investment Operations | ||||||
Net Investment Income1 | .792 | 1.652 | 1.424 | 1.294 | 1.282 | 1.159 |
Net Realized and Unrealized Gain (Loss) on Investments | 7.894 | (10.665) | 26.507 | 6.130 | (5.892) | 5.084 |
Total from Investment Operations | 8.686 | (9.013) | 27.931 | 7.424 | (4.610) | 6.243 |
Distributions | ||||||
Dividends from Net Investment Income | (.886) | (1.657) | (1.341) | (1.294) | (1.270) | (1.123) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.886) | (1.657) | (1.341) | (1.294) | (1.270) | (1.123) |
Net Asset Value, End of Period | $92.42 | $84.62 | $95.29 | $68.70 | $62.57 | $68.45 |
Total Return2 | 10.39% | -9.56% | 41.04% | 12.14% | -6.74% | 9.91% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,066 | $994 | $1,078 | $583 | $482 | $452 |
Ratio of Total Expenses to Average Net Assets | 0.10%3 | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 1.82% | 1.78% | 1.67% | 2.08% | 2.04% | 1.71% |
Portfolio Turnover Rate4 | 2% | 4% | 5% | 4% | 4% | 5% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.10%. |
4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended February 28, 2023, custodian fee offset arrangements reduced the fund’s expenses by $2,000 (an annual rate of less than 0.01% of average net assets). |
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 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 4,056,718 | — | — | 4,056,718 |
Temporary Cash Investments | 11,366 | — | — | 11,366 |
Total | 4,068,084 | — | — | 4,068,084 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Swap Contracts | — | 11 | — | 11 |
E. | As of February 28, 2023, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 3,862,061 |
Gross Unrealized Appreciation | 575,499 |
Gross Unrealized Depreciation | (369,476) |
Net Unrealized Appreciation (Depreciation) | 206,023 |
F. | During the six months ended February 28, 2023, the fund purchased $221,989,000 of investment securities and sold $377,273,000 of investment securities, other than temporary cash investments. Purchases and sales include $127,112,000 and $260,425,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
G. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 129,144 | 736 | 524,091 | 2,812 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (261,803) | (1,600) | (1,114,188) | (6,400) | |
Net Increase (Decrease)—ETF Shares | (132,659) | (864) | (590,097) | (3,588) | |
Admiral Shares | |||||
Issued | 116,118 | 1,312 | 305,754 | 3,264 | |
Issued in Lieu of Cash Distributions | 9,159 | 111 | 17,067 | 189 | |
Redeemed | (142,838) | (1,643) | (278,408) | (3,013) | |
Net Increase (Decrease)—Admiral Shares | (17,561) | (220) | 44,413 | 440 |
H. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
Electric Utilities | 60.6% |
Gas Utilities | 4.7 |
Independent Power and Renewable Electricity Producers | 3.7 |
Multi-Utilities | 26.6 |
Water Utilities | 4.4 |
Shares | Market Value• ($000) | ||
Common Stocks (99.6%) | |||
Electric Utilities (60.3%) | |||
NextEra Energy Inc. | 12,763,849 | 906,616 | |
Duke Energy Corp. | 4,946,214 | 466,230 | |
Southern Co. | 6,992,602 | 440,954 | |
American Electric Power Co. Inc. | 3,300,534 | 290,348 | |
Exelon Corp. | 6,382,763 | 257,800 | |
Xcel Energy Inc. | 3,514,986 | 226,963 | |
Eversource Energy | 2,237,155 | 168,592 | |
Edison International | 2,452,705 | 162,394 | |
Constellation Energy Corp. | 2,100,403 | 157,299 | |
FirstEnergy Corp. | 3,488,733 | 137,945 | |
Entergy Corp. | 1,306,963 | 134,447 | |
* | PG&E Corp. | 8,475,126 | 132,381 |
PPL Corp. | 4,729,322 | 128,023 | |
Evergy Inc. | 1,474,289 | 86,703 | |
Alliant Energy Corp. | 1,612,230 | 82,659 | |
Pinnacle West Capital Corp. | 726,679 | 53,542 | |
NRG Energy Inc. | 1,479,605 | 48,516 | |
OGE Energy Corp. | 1,285,898 | 45,932 | |
IDACORP Inc. | 324,738 | 33,578 | |
Hawaiian Electric Industries Inc. | 703,083 | 28,440 | |
Portland General Electric Co. | 573,360 | 27,407 | |
PNM Resources Inc. | 523,966 | 25,674 | |
ALLETE Inc. | 367,094 | 22,462 | |
Avangrid Inc. | 496,604 | 19,382 | |
Otter Tail Corp. | 240,626 | 17,058 | |
MGE Energy Inc. | 232,243 | 16,438 | |
4,117,783 | |||
Gas Utilities (4.7%) | |||
Atmos Energy Corp. | 904,980 | 102,091 | |
UGI Corp. | 1,347,114 | 50,153 | |
National Fuel Gas Co. | 558,179 | 31,972 | |
New Jersey Resources Corp. | 619,370 | 31,606 |
Shares | Market Value• ($000) | ||
ONE Gas Inc. | 347,688 | 27,871 | |
Southwest Gas Holdings Inc. | 430,753 | 27,142 | |
Spire Inc. | 337,105 | 23,732 | |
Chesapeake Utilities Corp. | 113,925 | 14,593 | |
Northwest Natural Holding Co. | 225,438 | 10,898 | |
320,058 | |||
Independent Power and Renewable Electricity Producers (3.7%) | |||
AES Corp. | 4,289,725 | 105,870 | |
Vistra Corp. | 2,299,754 | 50,572 | |
1 | NextEra Energy Partners LP | 555,798 | 36,827 |
Ormat Technologies Inc. (XNYS) | 288,152 | 24,355 | |
Clearway Energy Inc. Class C | 532,003 | 16,710 | |
*,1 | Sunnova Energy International Inc. | 664,749 | 11,819 |
Clearway Energy Inc. Class A | 217,732 | 6,469 | |
* | Altus Power Inc. | 309,687 | 2,097 |
254,719 | |||
Multi-Utilities (26.5%) | |||
Sempra Energy (XNYS) | 2,018,941 | 302,760 | |
Dominion Energy Inc. | 5,352,098 | 297,684 | |
Consolidated Edison Inc. | 2,279,374 | 203,662 | |
Public Service Enterprise Group Inc. | 3,204,682 | 193,659 | |
WEC Energy Group Inc. | 2,026,016 | 179,627 | |
DTE Energy Co. | 1,244,397 | 136,523 | |
Ameren Corp. | 1,560,443 | 129,064 | |
CenterPoint Energy Inc. | 4,043,431 | 112,488 | |
CMS Energy Corp. | 1,864,243 | 109,935 | |
NiSource Inc. | 2,608,460 | 71,550 | |
Black Hills Corp. | 417,978 | 25,668 | |
NorthWestern Corp. | 371,340 | 21,456 | |
Avista Corp. | 474,226 | 19,500 |
Shares | Market Value• ($000) | ||
Unitil Corp. | 103,155 | 5,603 | |
1,809,179 | |||
Water Utilities (4.4%) | |||
American Water Works Co. Inc. | 1,167,834 | 163,940 | |
Essential Utilities Inc. | 1,600,478 | 68,468 | |
American States Water Co. | 237,378 | 21,198 | |
California Water Service Group | 352,320 | 20,167 | |
SJW Group | 155,691 | 11,901 | |
Middlesex Water Co. | 113,295 | 8,667 | |
York Water Co. | 91,666 | 3,986 | |
298,327 | |||
Total Common Stocks (Cost $6,791,411) | 6,800,066 | ||
Temporary Cash Investments (0.3%) | |||
Money Market Fund (0.3%) | |||
2,3 | Vanguard Market Liquidity Fund, 4.640% (Cost $18,129) | 181,313 | 18,129 |
Total Investments (99.9%) (Cost $6,809,540) | 6,818,195 | ||
Other Assets and Liabilities—Net (0.1%) | 7,069 | ||
Net Assets (100.0%) | 6,825,264 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $17,255,000. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
3 | Collateral of $17,614,000 was received for securities on loan. |
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) |
Ameren Corp. | 1/31/24 | GSI | 8,583 | (4.573) | — | (326) |
PG&E Corp. | 8/31/23 | BANA | 17,182 | (4.569) | — | (62) |
— | (388) |
1 | Based on 1M USD Overnight Bank Funding Rate as of the most recent payment date. Floating interest payment received/paid monthly. |
1M—1-month. | |
BANA—Bank of America, N.A. | |
GSI—Goldman Sachs International. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $6,791,411) | 6,800,066 |
Affiliated Issuers (Cost $18,129) | 18,129 |
Total Investments in Securities | 6,818,195 |
Investment in Vanguard | 261 |
Cash Collateral Pledged—Over-the-Counter Swap Contracts | 190 |
Receivables for Investment Securities Sold | 58,739 |
Receivables for Accrued Income | 33,274 |
Receivables for Capital Shares Issued | 436 |
Total Assets | 6,911,095 |
Liabilities | |
Due to Custodian | 10,900 |
Payables for Investment Securities Purchased | 20,107 |
Collateral for Securities on Loan | 17,614 |
Payables for Capital Shares Redeemed | 36,569 |
Payables to Vanguard | 253 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 388 |
Total Liabilities | 85,831 |
Net Assets | 6,825,264 |
1 Includes $17,255,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 6,891,077 |
Total Distributable Earnings (Loss) | (65,813) |
Net Assets | 6,825,264 |
ETF Shares—Net Assets | |
Applicable to 36,602,261 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 5,209,962 |
Net Asset Value Per Share—ETF Shares | $142.34 |
Admiral Shares—Net Assets | |
Applicable to 22,619,216 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,615,302 |
Net Asset Value Per Share—Admiral Shares | $71.41 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends | 113,675 |
Interest1 | 268 |
Securities Lending—Net | 11 |
Total Income | 113,954 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 86 |
Management and Administrative— ETF Shares | 2,429 |
Management and Administrative— Admiral Shares | 790 |
Marketing and Distribution— ETF Shares | 130 |
Marketing and Distribution— Admiral Shares | 43 |
Custodian Fees | 41 |
Shareholders’ Reports—ETF Shares | 120 |
Shareholders’ Reports—Admiral Shares | 9 |
Trustees’ Fees and Expenses | 2 |
Other Expenses | 6 |
Total Expenses | 3,656 |
Expenses Paid Indirectly | (2) |
Net Expenses | 3,654 |
Net Investment Income | 110,300 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 86,504 |
Swap Contracts | 2,306 |
Realized Net Gain (Loss) | 88,810 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | (1,025,384) |
Swap Contracts | (41) |
Change in Unrealized Appreciation (Depreciation) | (1,025,425) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (826,315) |
1 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $268,000, less than $1,000, less than $1,000, and $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $103,099,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 110,300 | 209,358 | |
Realized Net Gain (Loss) | 88,810 | 374,119 | |
Change in Unrealized Appreciation (Depreciation) | (1,025,425) | 173,877 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (826,315) | 757,354 | |
Distributions | |||
ETF Shares | (92,504) | (157,667) | |
Admiral Shares | (28,974) | (47,893) | |
Total Distributions | (121,478) | (205,560) | |
Capital Share Transactions | |||
ETF Shares | (96,022) | 486,753 | |
Admiral Shares | (38,115) | 161,161 | |
Net Increase (Decrease) from Capital Share Transactions | (134,137) | 647,914 | |
Total Increase (Decrease) | (1,081,930) | 1,199,708 | |
Net Assets | |||
Beginning of Period | 7,907,194 | 6,707,486 | |
End of Period | 6,825,264 | 7,907,194 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $161.46 | $149.52 | $129.35 | $139.09 | $119.32 | $120.75 |
Investment Operations | ||||||
Net Investment Income1 | 2.262 | 4.393 | 4.310 | 4.306 | 4.087 | 3.757 |
Net Realized and Unrealized Gain (Loss) on Investments | (18.904) | 11.897 | 20.048 | (9.802) | 19.562 | (1.434) |
Total from Investment Operations | (16.642) | 16.290 | 24.358 | (5.496) | 23.649 | 2.323 |
Distributions | ||||||
Dividends from Net Investment Income | (2.478) | (4.350) | (4.188) | (4.244) | (3.879) | (3.753) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.478) | (4.350) | (4.188) | (4.244) | (3.879) | (3.753) |
Net Asset Value, End of Period | $142.34 | $161.46 | $149.52 | $129.35 | $139.09 | $119.32 |
Total Return | -10.41% | 11.18% | 19.19% | -4.08% | 20.17% | 2.05% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $5,210 | $6,030 | $5,126 | $4,014 | $4,107 | $2,809 |
Ratio of Total Expenses to Average Net Assets | 0.10%2 | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 3.01% | 2.87% | 3.09% | 3.18% | 3.22% | 3.25% |
Portfolio Turnover Rate3 | 2% | 3% | 6% | 5% | 4% | 4% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.10%. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $81.00 | $75.01 | $64.89 | $69.78 | $59.86 | $60.58 |
Investment Operations | ||||||
Net Investment Income1 | 1.133 | 2.212 | 2.166 | 2.163 | 2.038 | 1.883 |
Net Realized and Unrealized Gain (Loss) on Investments | (9.480) | 5.961 | 10.055 | (4.924) | 9.828 | (.719) |
Total from Investment Operations | (8.347) | 8.173 | 12.221 | (2.761) | 11.866 | 1.164 |
Distributions | ||||||
Dividends from Net Investment Income | (1.243) | (2.183) | (2.101) | (2.129) | (1.946) | (1.884) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.243) | (2.183) | (2.101) | (2.129) | (1.946) | (1.884) |
Net Asset Value, End of Period | $71.41 | $81.00 | $75.01 | $64.89 | $69.78 | $59.86 |
Total Return2 | -10.40% | 11.22% | 19.22% | -4.05% | 20.19% | 2.04% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,615 | $1,877 | $1,582 | $1,281 | $1,266 | $868 |
Ratio of Total Expenses to Average Net Assets | 0.10%3 | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 3.01% | 2.88% | 3.10% | 3.18% | 3.22% | 3.25% |
Portfolio Turnover Rate4 | 2% | 3% | 6% | 5% | 4% | 4% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.10%. |
4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended February 28, 2023, custodian fee offset arrangements reduced the fund’s expenses by $2,000 (an annual rate of less than 0.01% of average net assets). |
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 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 6,800,066 | — | — | 6,800,066 |
Temporary Cash Investments | 18,129 | — | — | 18,129 |
Total | 6,818,195 | — | — | 6,818,195 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Swap Contracts | — | 388 | — | 388 |
E. | As of February 28, 2023, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 6,825,077 |
Gross Unrealized Appreciation | 299,983 |
Gross Unrealized Depreciation | (306,865) |
Net Unrealized Appreciation (Depreciation) | (6,882) |
F. | During the six months ended February 28, 2023, the fund purchased $543,522,000 of investment securities and sold $687,195,000 of investment securities, other than temporary cash investments. Purchases and sales include $393,110,000 and $488,220,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
G. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 393,876 | 2,579 | 1,904,515 | 12,392 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (489,898) | (3,325) | (1,417,762) | (9,325) | |
Net Increase (Decrease)—ETF Shares | (96,022) | (746) | 486,753 | 3,067 | |
Admiral Shares | |||||
Issued | 185,089 | 2,414 | 493,216 | 6,363 | |
Issued in Lieu of Cash Distributions | 22,193 | 290 | 35,820 | 486 | |
Redeemed | (245,397) | (3,259) | (367,875) | (4,761) | |
Net Increase (Decrease)—Admiral Shares | (38,115) | (555) | 161,161 | 2,088 |
H. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
All rights reserved.
U.S. Patent Nos. 6,879,964.
Vanguard Marketing Corporation, Distributor.
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2023 | |||
Beginning Account Value 8/31/2022 | Ending Account Value 2/28/2023 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Extended Duration Treasury Index Fund | |||
ETF Shares | $1,000.00 | $897.70 | $0.28 |
Institutional Shares | 1,000.00 | 897.90 | 0.28 |
Institutional Plus Shares | 1,000.00 | 897.80 | 0.19 |
Based on Hypothetical 5% Yearly Return | |||
Extended Duration Treasury Index Fund | |||
ETF Shares | $1,000.00 | $1,024.50 | $0.30 |
Institutional Shares | 1,000.00 | 1,024.50 | 0.30 |
Institutional Plus Shares | 1,000.00 | 1,024.60 | 0.20 |
15 - 20 Years | 0.1% |
20 - 25 Years | 52.1 |
25 - 30 Years | 47.8 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (100.0%) | ||||||
U.S. Government Securities (100.0%) | ||||||
United States Treasury Strip Coupon | 0.000% | 2/15/43 | 6,138 | 2,643 | ||
United States Treasury Strip Coupon | 0.000% | 5/15/43 | 84,381 | 36,007 | ||
United States Treasury Strip Coupon | 0.000% | 8/15/43 | 110,201 | 46,586 | ||
United States Treasury Strip Coupon | 0.000% | 11/15/43 | 110,520 | 46,246 | ||
United States Treasury Strip Coupon | 0.000% | 2/15/44 | 70,447 | 29,164 | ||
United States Treasury Strip Coupon | 0.000% | 5/15/44 | 61,948 | 25,394 | ||
United States Treasury Strip Coupon | 0.000% | 8/15/44 | 111,023 | 44,973 | ||
United States Treasury Strip Coupon | 0.000% | 11/15/44 | 60,001 | 24,113 | ||
United States Treasury Strip Coupon | 0.000% | 2/15/45 | 53,292 | 21,171 | ||
United States Treasury Strip Coupon | 0.000% | 5/15/45 | 102,552 | 40,332 | ||
United States Treasury Strip Coupon | 0.000% | 8/15/45 | 115,595 | 45,028 | ||
United States Treasury Strip Coupon | 0.000% | 11/15/45 | 90,876 | 35,172 | ||
United States Treasury Strip Coupon | 0.000% | 2/15/46 | 56,333 | 21,622 | ||
United States Treasury Strip Coupon | 0.000% | 5/15/46 | 52,218 | 19,884 | ||
United States Treasury Strip Coupon | 0.000% | 8/15/46 | 92,088 | 34,770 | ||
United States Treasury Strip Coupon | 0.000% | 11/15/46 | 87,374 | 32,697 | ||
United States Treasury Strip Coupon | 0.000% | 2/15/47 | 68,808 | 25,502 | ||
United States Treasury Strip Coupon | 0.000% | 5/15/47 | 66,613 | 24,517 | ||
United States Treasury Strip Coupon | 0.000% | 8/15/47 | 82,405 | 30,123 | ||
United States Treasury Strip Coupon | 0.000% | 11/15/47 | 75,021 | 27,189 | ||
United States Treasury Strip Coupon | 0.000% | 2/15/48 | 83,615 | 30,062 | ||
United States Treasury Strip Coupon | 0.000% | 5/15/48 | 75,812 | 27,014 | ||
United States Treasury Strip Coupon | 0.000% | 8/15/48 | 86,704 | 30,760 | ||
United States Treasury Strip Coupon | 0.000% | 11/15/48 | 80,883 | 28,423 | ||
United States Treasury Strip Coupon | 0.000% | 2/15/49 | 62,460 | 21,793 | ||
United States Treasury Strip Coupon | 0.000% | 5/15/49 | 56,224 | 19,525 | ||
United States Treasury Strip Coupon | 0.000% | 8/15/49 | 106,565 | 36,831 | ||
United States Treasury Strip Coupon | 0.000% | 11/15/49 | 110,353 | 38,020 | ||
United States Treasury Strip Coupon | 0.000% | 2/15/50 | 81,917 | 28,114 | ||
United States Treasury Strip Coupon | 0.000% | 5/15/50 | 77,924 | 26,671 | ||
United States Treasury Strip Coupon | 0.000% | 8/15/50 | 135,716 | 46,207 | ||
United States Treasury Strip Coupon | 0.000% | 11/15/50 | 81,075 | 27,496 | ||
United States Treasury Strip Coupon | 0.000% | 2/15/51 | 132,085 | 44,682 | ||
United States Treasury Strip Coupon | 0.000% | 5/15/51 | 91,170 | 30,642 | ||
United States Treasury Strip Coupon | 0.000% | 8/15/51 | 85,321 | 28,569 | ||
United States Treasury Strip Coupon | 0.000% | 11/15/51 | 118,225 | 39,282 | ||
United States Treasury Strip Coupon | 0.000% | 2/15/52 | 83,957 | 27,942 | ||
United States Treasury Strip Coupon | 0.000% | 5/15/52 | 54,243 | 17,959 | ||
United States Treasury Strip Coupon | 0.000% | 8/15/52 | 50,375 | 16,569 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Strip Coupon | 0.000% | 11/15/52 | 7,542 | 2,482 | ||
United States Treasury Strip Coupon | 0.000% | 2/15/53 | 1,066 | 347 | ||
United States Treasury Strip Principal | 0.000% | 5/15/43 | 93,047 | 40,657 | ||
United States Treasury Strip Principal | 0.000% | 8/15/43 | 86,232 | 37,524 | ||
United States Treasury Strip Principal | 0.000% | 11/15/43 | 70,021 | 30,153 | ||
United States Treasury Strip Principal | 0.000% | 2/15/44 | 60,381 | 25,657 | ||
United States Treasury Strip Principal | 0.000% | 5/15/44 | 65,359 | 27,435 | ||
United States Treasury Strip Principal | 0.000% | 8/15/44 | 118,568 | 49,160 | ||
United States Treasury Strip Principal | 0.000% | 11/15/44 | 49,218 | 20,218 | ||
United States Treasury Strip Principal | 0.000% | 2/15/45 | 41,837 | 17,003 | ||
United States Treasury Strip Principal | 0.000% | 5/15/45 | 99,730 | 40,188 | ||
United States Treasury Strip Principal | 0.000% | 8/15/45 | 101,057 | 40,296 | ||
United States Treasury Strip Principal | 0.000% | 11/15/45 | 92,332 | 36,543 | ||
United States Treasury Strip Principal | 0.000% | 2/15/46 | 52,283 | 20,537 | ||
United States Treasury Strip Principal | 0.000% | 5/15/46 | 53,084 | 20,703 | ||
United States Treasury Strip Principal | 0.000% | 8/15/46 | 93,466 | 36,130 | ||
United States Treasury Strip Principal | 0.000% | 11/15/46 | 82,532 | 31,736 | ||
United States Treasury Strip Principal | 0.000% | 2/15/47 | 73,564 | 27,983 | ||
United States Treasury Strip Principal | 0.000% | 5/15/47 | 62,374 | 23,580 | ||
United States Treasury Strip Principal | 0.000% | 8/15/47 | 63,371 | 23,809 | ||
United States Treasury Strip Principal | 0.000% | 11/15/47 | 81,360 | 30,389 | ||
United States Treasury Strip Principal | 0.000% | 2/15/48 | 81,401 | 30,176 | ||
United States Treasury Strip Principal | 0.000% | 5/15/48 | 70,111 | 25,853 | ||
United States Treasury Strip Principal | 0.000% | 8/15/48 | 80,918 | 29,636 | ||
United States Treasury Strip Principal | 0.000% | 11/15/48 | 68,879 | 25,141 | ||
United States Treasury Strip Principal | 0.000% | 2/15/49 | 78,313 | 28,407 | ||
United States Treasury Strip Principal | 0.000% | 5/15/49 | 58,013 | 20,948 | ||
United States Treasury Strip Principal | 0.000% | 8/15/49 | 106,405 | 38,048 | ||
United States Treasury Strip Principal | 0.000% | 11/15/49 | 68,386 | 24,352 | ||
United States Treasury Strip Principal | 0.000% | 2/15/50 | 99,998 | 35,335 | ||
United States Treasury Strip Principal | 0.000% | 5/15/50 | 82,705 | 29,044 | ||
United States Treasury Strip Principal | 0.000% | 8/15/50 | 138,210 | 48,125 | ||
United States Treasury Strip Principal | 0.000% | 11/15/50 | 72,350 | 25,034 | ||
United States Treasury Strip Principal | 0.000% | 2/15/51 | 106,300 | 36,541 | ||
United States Treasury Strip Principal | 0.000% | 5/15/51 | 79,705 | 27,162 | ||
United States Treasury Strip Principal | 0.000% | 8/15/51 | 95,750 | 32,607 | ||
United States Treasury Strip Principal | 0.000% | 11/15/51 | 86,352 | 29,198 | ||
United States Treasury Strip Principal | 0.000% | 2/15/52 | 116,856 | 39,293 | ||
United States Treasury Strip Principal | 0.000% | 5/15/52 | 93,931 | 31,438 | ||
United States Treasury Strip Principal | 0.000% | 8/15/52 | 95,050 | 31,522 | ||
United States Treasury Strip Principal | 0.000% | 11/15/52 | 89,648 | 30,074 | ||
United States Treasury Strip Principal | 0.000% | 2/15/53 | 66,088 | 21,840 | ||
Total U.S. Government and Agency Obligations (Cost $3,326,793) | 2,401,998 |
Coupon | Shares | Market Value• ($000) | ||||
Temporary Cash Investments (0.0%) | ||||||
Money Market Fund (0.0%) | ||||||
1 | Vanguard Market Liquidity Fund (Cost $398) | 4.640% | 3,978 | 398 | ||
Total Investments (100.0%) (Cost $3,327,191) | 2,402,396 | |||||
Other Assets and Liabilities—Net (0.0%) | (539) | |||||
Net Assets (100%) | 2,401,857 |
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
1 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $3,326,793) | 2,401,998 |
Affiliated Issuers (Cost $398) | 398 |
Total Investments in Securities | 2,402,396 |
Investment in Vanguard | 89 |
Receivables for Investment Securities Sold | 66,293 |
Receivables for Accrued Income | 3 |
Total Assets | 2,468,781 |
Liabilities | |
Due to Custodian | 128 |
Payables for Investment Securities Purchased | 66,743 |
Payables for Capital Shares Redeemed | 3 |
Payables to Vanguard | 50 |
Total Liabilities | 66,924 |
Net Assets | 2,401,857 |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 3,541,539 |
Total Distributable Earnings (Loss) | (1,139,682) |
Net Assets | 2,401,857 |
ETF Shares—Net Assets | |
Applicable to 18,675,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,589,258 |
Net Asset Value Per Share—ETF Shares | $85.10 |
Institutional Shares—Net Assets | |
Applicable to 22,403,768 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 575,978 |
Net Asset Value Per Share—Institutional Shares | $25.71 |
Institutional Plus Shares—Net Assets | |
Applicable to 3,666,325 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 236,621 |
Net Asset Value Per Share—Institutional Plus Shares | $64.54 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 37,388 |
Total Income | 37,388 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 28 |
Management and Administrative—ETF Shares | 311 |
Management and Administrative—Institutional Shares | 147 |
Management and Administrative—Institutional Plus Shares | 42 |
Marketing and Distribution—ETF Shares | 41 |
Marketing and Distribution—Institutional Shares | 10 |
Marketing and Distribution—Institutional Plus Shares | 2 |
Custodian Fees | 3 |
Shareholders’ Reports—ETF Shares | 41 |
Shareholders’ Reports—Institutional Shares | — |
Shareholders’ Reports—Institutional Plus Shares | — |
Trustees’ Fees and Expenses | — |
Other Expenses | 7 |
Total Expenses | 632 |
Expenses Paid Indirectly | (3) |
Net Expenses | 629 |
Net Investment Income | 36,759 |
Realized Net Gain (Loss) on Investment Securities Sold1,2 | (119,402) |
Change in Unrealized Appreciation (Depreciation) of Investment Securities1 | (154,392) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (237,035) |
1 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $24,000, less than $1,000, less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes ($3,870,000) of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 36,759 | 54,800 | |
Realized Net Gain (Loss) | (119,402) | (64,318) | |
Change in Unrealized Appreciation (Depreciation) | (154,392) | (838,872) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (237,035) | (848,390) | |
Distributions | |||
ETF Shares | (22,009) | (28,243) | |
Institutional Shares | (8,416) | (15,042) | |
Institutional Plus Shares | (3,794) | (9,537) | |
Total Distributions | (34,219) | (52,822) | |
Capital Share Transactions | |||
ETF Shares | 449,326 | 534,037 | |
Institutional Shares | 21,630 | 83,248 | |
Institutional Plus Shares | 3,794 | (88,387) | |
Net Increase (Decrease) from Capital Share Transactions | 474,750 | 528,898 | |
Total Increase (Decrease) | 203,496 | (372,314) | |
Net Assets | |||
Beginning of Period | 2,198,361 | 2,570,675 | |
End of Period | 2,401,857 | 2,198,361 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $96.31 | $140.69 | $163.11 | $146.43 | $113.39 | $120.92 |
Investment Operations | ||||||
Net Investment Income1 | 1.450 | 2.769 | 2.795 | 3.146 | 3.347 | 3.353 |
Net Realized and Unrealized Gain (Loss) on Investments2 | (11.286) | (44.418) | (17.061) | 18.113 | 32.972 | (7.272) |
Total from Investment Operations | (9.836) | (41.649) | (14.266) | 21.259 | 36.319 | (3.919) |
Distributions | ||||||
Dividends from Net Investment Income | (1.374) | (2.731) | (2.820) | (3.329) | (3.279) | (3.314) |
Distributions from Realized Capital Gains | — | — | (5.334) | (1.250) | — | (.297) |
Total Distributions | (1.374) | (2.731) | (8.154) | (4.579) | (3.279) | (3.611) |
Net Asset Value, End of Period | $85.10 | $96.31 | $140.69 | $163.11 | $146.43 | $113.39 |
Total Return | -10.23% | -30.00% | -8.94% | 14.98% | 32.92% | -3.24% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,589 | $1,312 | $1,277 | $1,810 | $1,333 | $658 |
Ratio of Total Expenses to Average Net Assets | 0.06%3 | 0.06%3 | 0.06% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 3.38% | 2.33% | 1.93% | 2.06% | 2.87% | 2.93% |
Portfolio Turnover Rate4 | 11% | 15% | 23% | 17% | 20% | 18% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Includes increases from purchase fees of $.02, $.03, $.07, $.07, $.04, and $.07. |
3 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.06%. |
4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $29.09 | $42.50 | $49.27 | $44.24 | $34.25 | $36.52 |
Investment Operations | ||||||
Net Investment Income1 | .437 | .835 | .842 | .959 | 1.015 | 1.016 |
Net Realized and Unrealized Gain (Loss) on Investments2 | (3.402) | (13.425) | (5.143) | 5.459 | 9.967 | (2.191) |
Total from Investment Operations | (2.965) | (12.590) | (4.301) | 6.418 | 10.982 | (1.175) |
Distributions | ||||||
Dividends from Net Investment Income | (.415) | (.820) | (.857) | (1.010) | (.992) | (1.005) |
Distributions from Realized Capital Gains | — | — | (1.612) | (.378) | — | (.090) |
Total Distributions | (.415) | (.820) | (2.469) | (1.388) | (.992) | (1.095) |
Net Asset Value, End of Period | $25.71 | $29.09 | $42.50 | $49.27 | $44.24 | $34.25 |
Total Return3 | -10.21% | -30.01% | -8.95% | 14.98% | 32.94% | -3.23% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $576 | $623 | $789 | $889 | $862 | $787 |
Ratio of Total Expenses to Average Net Assets | 0.06%4 | 0.06%4 | 0.06% | 0.06% | 0.06% | 0.06% |
Ratio of Net Investment Income to Average Net Assets | 3.37% | 2.29% | 1.96% | 2.10% | 2.88% | 2.94% |
Portfolio Turnover Rate5 | 11% | 15% | 23% | 17% | 20% | 18% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Includes increases from purchase fees of $.00, $.00, $.02, $.02, $.01, and $.02. |
3 | Total returns do not include transaction fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable transaction fees. |
4 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.06%. |
5 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Plus Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $73.04 | $106.68 | $123.70 | $111.06 | $85.99 | $91.68 |
Investment Operations | ||||||
Net Investment Income1 | 1.105 | 2.114 | 2.140 | 2.432 | 2.564 | 2.568 |
Net Realized and Unrealized Gain (Loss) on Investments2 | (8.558) | (33.676) | (12.941) | 13.716 | 25.015 | (5.492) |
Total from Investment Operations | (7.453) | (31.562) | (10.801) | 16.148 | 27.579 | (2.924) |
Distributions | ||||||
Dividends from Net Investment Income | (1.047) | (2.078) | (2.173) | (2.560) | (2.509) | (2.541) |
Distributions from Realized Capital Gains | — | — | (4.046) | (.948) | — | (.225) |
Total Distributions | (1.047) | (2.078) | (6.219) | (3.508) | (2.509) | (2.766) |
Net Asset Value, End of Period | $64.54 | $73.04 | $106.68 | $123.70 | $111.06 | $85.99 |
Total Return3 | -10.22% | -29.98% | -8.95% | 15.02% | 32.95% | -3.20% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $237 | $264 | $505 | $689 | $780 | $533 |
Ratio of Total Expenses to Average Net Assets | 0.04%4 | 0.04%4 | 0.04% | 0.04% | 0.04% | 0.04% |
Ratio of Net Investment Income to Average Net Assets | 3.40% | 2.29% | 1.96% | 2.12% | 2.90% | 2.96% |
Portfolio Turnover Rate5 | 11% | 15% | 23% | 17% | 20% | 18% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Includes increases from purchase fees of $.01, $.02, $.05, $.05, $.03, and $.06. |
3 | Total returns do not include transaction fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable transaction fees. |
4 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.04%. |
5 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
U.S. Government and Agency Obligations | — | 2,401,998 | — | 2,401,998 |
Temporary Cash Investments | 398 | — | — | 398 |
Total | 398 | 2,401,998 | — | 2,402,396 |
Amount ($000) | |
Tax Cost | 3,335,935 |
Gross Unrealized Appreciation | 4,534 |
Gross Unrealized Depreciation | (938,073) |
Net Unrealized Appreciation (Depreciation) | (933,539) |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued1 | 599,855 | 6,900 | 1,370,500 | 11,325 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (150,529) | (1,850) | (836,463) | (6,775) | |
Net Increase (Decrease)—ETF Shares | 449,326 | 5,050 | 534,037 | 4,550 | |
Institutional Shares | |||||
Issued1 | 91,302 | 3,583 | 131,583 | 4,011 | |
Issued in Lieu of Cash Distributions | 8,181 | 313 | 15,013 | 411 | |
Redeemed | (77,853) | (2,890) | (63,348) | (1,583) | |
Net Increase (Decrease)—Institutional Shares | 21,630 | 1,006 | 83,248 | 2,839 | |
Institutional Plus Shares | |||||
Issued1 | — | — | — | — | |
Issued in Lieu of Cash Distributions | 3,794 | 58 | 9,537 | 103 | |
Redeemed | — | — | (97,924) | (1,231) | |
Net Increase (Decrease)—Institutional Plus Shares | 3,794 | 58 | (88,387) | (1,128) |
1 | Includes purchase fees for fiscal 2023 and 2022 of $400,000 and $535,000, respectively (fund totals). |
Who Are Deaf or Hard of Hearing > 800-749-7273
All rights reserved.
U.S. Patent No. 6,879,964.
Vanguard Marketing Corporation, Distributor.
Vanguard Mega Cap Index Fund |
Vanguard Mega Cap Growth Index Fund |
Vanguard Mega Cap Value Index Fund |
About Your Fund’s Expenses | 1 |
Mega Cap Index Fund | 3 |
Mega Cap Growth Index Fund | 17 |
Mega Cap Value Index Fund | 30 |
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2023 | |||
Beginning Account Value 8/31/2022 | Ending Account Value 2/28/2023 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Mega Cap Index Fund | |||
ETF Shares | $1,000.00 | $1,005.20 | $0.35 |
Institutional Shares | 1,000.00 | 1,005.30 | 0.30 |
Mega Cap Growth Index Fund | |||
ETF Shares | $1,000.00 | $966.10 | $0.34 |
Institutional Shares | 1,000.00 | 966.20 | 0.29 |
Mega Cap Value Index Fund | |||
ETF Shares | $1,000.00 | $1,052.40 | $0.36 |
Institutional Shares | 1,000.00 | 1,052.50 | 0.31 |
Based on Hypothetical 5% Yearly Return | |||
Mega Cap Index Fund | |||
ETF Shares | $1,000.00 | $1,024.45 | $0.35 |
Institutional Shares | 1,000.00 | 1,024.50 | 0.30 |
Mega Cap Growth Index Fund | |||
ETF Shares | $1,000.00 | $1,024.45 | $0.35 |
Institutional Shares | 1,000.00 | 1,024.50 | 0.30 |
Mega Cap Value Index Fund | |||
ETF Shares | $1,000.00 | $1,024.45 | $0.35 |
Institutional Shares | 1,000.00 | 1,024.50 | 0.30 |
Basic Materials | 1.5% |
Consumer Discretionary | 14.2 |
Consumer Staples | 6.1 |
Energy | 4.5 |
Financials | 10.9 |
Health Care | 14.4 |
Industrials | 11.9 |
Real Estate | 1.4 |
Technology | 30.2 |
Telecommunications | 2.7 |
Utilities | 2.2 |
Shares | Market Value• ($000) | ||
Common Stocks (99.4%) | |||
Basic Materials (1.5%) | |||
Linde plc | 65,926 | 22,967 | |
Air Products and Chemicals Inc. | 29,614 | 8,469 | |
Freeport-McMoRan Inc. | 190,830 | 7,818 | |
Ecolab Inc. | 34,270 | 5,462 | |
Dow Inc. | 93,882 | 5,370 | |
Newmont Corp. | 106,110 | 4,627 | |
54,713 | |||
Consumer Discretionary (14.1%) | |||
* | Amazon.com Inc. | 1,158,135 | 109,131 |
* | Tesla Inc. | 358,500 | 73,747 |
Home Depot Inc. | 136,130 | 40,368 | |
Costco Wholesale Corp. | 59,110 | 28,620 | |
McDonald's Corp. | 97,829 | 25,818 | |
Walmart Inc. | 181,242 | 25,760 | |
* | Walt Disney Co. | 243,468 | 24,252 |
NIKE Inc. Class B | 168,206 | 19,981 | |
* | Netflix Inc. | 59,423 | 19,142 |
Lowe's Cos. Inc. | 80,757 | 16,616 | |
Starbucks Corp. | 153,343 | 15,655 | |
* | Booking Holdings Inc. | 5,171 | 13,052 |
TJX Cos. Inc. | 147,288 | 11,282 | |
Target Corp. | 61,439 | 10,352 | |
* | Uber Technologies Inc. | 253,099 | 8,418 |
Activision Blizzard Inc. | 94,039 | 7,170 | |
General Motors Co. | 180,255 | 6,983 | |
* | O'Reilly Automotive Inc. | 8,321 | 6,907 |
Estee Lauder Cos. Inc. Class A | 27,834 | 6,765 | |
Dollar General Corp. | 30,165 | 6,525 | |
Marriott International Inc. Class A | 38,046 | 6,439 | |
Ford Motor Co. | 527,533 | 6,367 | |
* | Airbnb Inc. Class A | 48,013 | 5,919 |
Ross Stores Inc. | 46,298 | 5,118 | |
* | Lululemon Athletica Inc. | 16,342 | 5,053 |
Yum! Brands Inc. | 37,612 | 4,783 | |
Electronic Arts Inc. | 36,933 | 4,097 | |
* | AutoZone Inc. | 1,282 | 3,188 |
* | Chipotle Mexican Grill Inc. Class A | 1,831 | 2,730 |
Hilton Worldwide Holdings Inc. | 17,983 | 2,599 | |
* | Warner Bros Discovery Inc. | 145,232 | 2,269 |
* | Rivian Automotive Inc. Class A | 85,386 | 1,648 |
Shares | Market Value• ($000) | ||
* | Las Vegas Sands Corp. | 22,845 | 1,313 |
528,067 | |||
Consumer Staples (6.1%) | |||
Procter & Gamble Co. | 316,460 | 43,532 | |
PepsiCo Inc. | 184,000 | 31,929 | |
Coca-Cola Co. | 519,854 | 30,936 | |
Philip Morris International Inc. | 207,088 | 20,150 | |
CVS Health Corp. | 175,493 | 14,661 | |
Mondelez International Inc. Class A | 182,457 | 11,892 | |
Altria Group Inc. | 239,245 | 11,108 | |
Colgate-Palmolive Co. | 111,495 | 8,173 | |
McKesson Corp. | 19,001 | 6,647 | |
General Mills Inc. | 79,189 | 6,296 | |
Kimberly-Clark Corp. | 45,041 | 5,632 | |
Sysco Corp. | 67,730 | 5,051 | |
* | Monster Beverage Corp. | 48,790 | 4,965 |
Constellation Brands Inc. Class A | 20,974 | 4,692 | |
Hershey Co. | 19,645 | 4,682 | |
Keurig Dr Pepper Inc. | 122,916 | 4,247 | |
Kraft Heinz Co. | 106,486 | 4,147 | |
Walgreens Boots Alliance Inc. | 92,321 | 3,280 | |
Archer-Daniels-Midland Co. | 36,655 | 2,918 | |
Brown-Forman Corp. Class B | 41,123 | 2,668 | |
Brown-Forman Corp. Class A | 7,201 | 467 | |
228,073 | |||
Energy (4.4%) | |||
Exxon Mobil Corp. | 550,013 | 60,452 | |
Chevron Corp. | 232,373 | 37,359 | |
ConocoPhillips | 166,376 | 17,195 | |
Schlumberger Ltd. | 189,350 | 10,075 | |
EOG Resources Inc. | 78,421 | 8,863 | |
Marathon Petroleum Corp. | 62,557 | 7,732 | |
Pioneer Natural Resources Co. | 30,098 | 6,032 | |
Occidental Petroleum Corp. | 91,044 | 5,332 | |
Kinder Morgan Inc. | 255,766 | 4,363 | |
Valero Energy Corp. | 25,728 | 3,389 | |
Phillips 66 | 31,522 | 3,233 | |
Williams Cos. Inc. | 81,693 | 2,459 | |
166,484 |
Shares | Market Value• ($000) | ||
Financials (10.9%) | |||
* | Berkshire Hathaway Inc. Class B | 211,763 | 64,626 |
JPMorgan Chase & Co. | 391,795 | 56,164 | |
Bank of America Corp. | 910,746 | 31,239 | |
Wells Fargo & Co. | 508,988 | 23,805 | |
Morgan Stanley | 169,338 | 16,341 | |
Charles Schwab Corp. | 206,196 | 16,067 | |
Goldman Sachs Group Inc. | 45,218 | 15,901 | |
S&P Global Inc. | 43,516 | 14,848 | |
BlackRock Inc. | 19,026 | 13,117 | |
Citigroup Inc. | 245,771 | 12,458 | |
Progressive Corp. | 78,131 | 11,213 | |
Chubb Ltd. | 52,712 | 11,123 | |
Marsh & McLennan Cos. Inc. | 66,276 | 10,746 | |
US Bancorp | 188,556 | 9,000 | |
CME Group Inc. | 48,102 | 8,916 | |
Blackstone Inc. | 93,734 | 8,511 | |
PNC Financial Services Group Inc. | 53,811 | 8,498 | |
Truist Financial Corp. | 177,205 | 8,320 | |
Aon plc Class A (XNYS) | 26,205 | 7,968 | |
Intercontinental Exchange Inc. | 74,655 | 7,600 | |
Moody's Corp. | 20,773 | 6,027 | |
* | Berkshire Hathaway Inc. Class A | 13 | 6,026 |
Travelers Cos. Inc. | 31,288 | 5,792 | |
MetLife Inc. | 78,634 | 5,640 | |
Aflac Inc. | 74,768 | 5,095 | |
Bank of New York Mellon Corp. | 97,250 | 4,948 | |
Prudential Financial Inc. | 49,159 | 4,916 | |
KKR & Co. Inc. | 86,290 | 4,863 | |
Allstate Corp. | 35,389 | 4,557 | |
American International Group Inc. | 49,599 | 3,031 | |
407,356 | |||
Health Care (14.3%) | |||
UnitedHealth Group Inc. | 124,808 | 59,401 | |
Johnson & Johnson | 349,181 | 53,516 | |
AbbVie Inc. | 236,190 | 36,350 | |
Merck & Co. Inc. | 338,588 | 35,972 | |
Eli Lilly & Co. | 114,212 | 35,545 | |
Pfizer Inc. | 749,653 | 30,413 | |
Thermo Fisher Scientific Inc. | 52,412 | 28,395 | |
Abbott Laboratories | 232,832 | 23,684 | |
Danaher Corp. | 87,486 | 21,655 | |
Bristol-Myers Squibb Co. | 284,125 | 19,593 | |
Amgen Inc. | 71,240 | 16,503 | |
Elevance Health Inc. | 31,933 | 14,998 | |
Medtronic plc | 177,606 | 14,706 | |
Gilead Sciences Inc. | 167,544 | 13,492 | |
Stryker Corp. | 45,504 | 11,962 | |
Cigna Group | 40,792 | 11,915 | |
* | Intuitive Surgical Inc. | 47,199 | 10,827 |
* | Regeneron Pharmaceuticals Inc. | 13,548 | 10,302 |
* | Vertex Pharmaceuticals Inc. | 34,232 | 9,937 |
Zoetis Inc. | 55,956 | 9,345 | |
* | Boston Scientific Corp. | 191,269 | 8,936 |
Becton Dickinson and Co. | 37,811 | 8,869 | |
Humana Inc. | 16,939 | 8,385 | |
HCA Healthcare Inc. | 28,281 | 6,885 | |
* | Edwards Lifesciences Corp. | 82,690 | 6,652 |
Shares | Market Value• ($000) | ||
* | Moderna Inc. | 43,588 | 6,050 |
Agilent Technologies Inc. | 39,524 | 5,611 | |
* | Biogen Inc. | 19,191 | 5,179 |
* | Illumina Inc. | 20,998 | 4,183 |
* | IDEXX Laboratories Inc. | 5,535 | 2,619 |
* | GE Healthcare Inc. | 24,339 | 1,850 |
Baxter International Inc. | 33,496 | 1,338 | |
535,068 | |||
Industrials (11.8%) | |||
Visa Inc. Class A | 217,479 | 47,832 | |
Mastercard Inc. Class A | 114,608 | 40,719 | |
Accenture plc Class A | 84,089 | 22,330 | |
Raytheon Technologies Corp. | 196,275 | 19,253 | |
United Parcel Service Inc. Class B (XNYS) | 97,499 | 17,793 | |
Honeywell International Inc. | 89,820 | 17,199 | |
Union Pacific Corp. | 82,078 | 17,013 | |
Caterpillar Inc. | 69,496 | 16,648 | |
Lockheed Martin Corp. | 35,045 | 16,620 | |
* | Boeing Co. | 79,619 | 16,047 |
Deere & Co. | 36,258 | 15,201 | |
American Express Co. | 74,894 | 13,031 | |
General Electric Co. | 145,794 | 12,350 | |
Automatic Data Processing Inc. | 55,369 | 12,171 | |
* | PayPal Holdings Inc. | 152,276 | 11,207 |
Eaton Corp. plc | 53,059 | 9,282 | |
* | Fiserv Inc. | 76,298 | 8,781 |
Northrop Grumman Corp. | 18,550 | 8,609 | |
Illinois Tool Works Inc. | 36,900 | 8,604 | |
CSX Corp. | 280,688 | 8,558 | |
3M Co. | 73,777 | 7,949 | |
General Dynamics Corp. | 33,047 | 7,532 | |
Norfolk Southern Corp. | 30,908 | 6,949 | |
Sherwin-Williams Co. | 31,151 | 6,895 | |
Emerson Electric Co. | 79,038 | 6,537 | |
FedEx Corp. | 31,234 | 6,347 | |
Parker-Hannifin Corp. | 17,126 | 6,026 | |
Johnson Controls International plc | 91,916 | 5,765 | |
Trane Technologies plc | 30,756 | 5,689 | |
Capital One Financial Corp. | 51,041 | 5,568 | |
* | Block Inc. (XNYS) | 71,824 | 5,511 |
L3Harris Technologies Inc. | 25,475 | 5,380 | |
Fidelity National Information Services Inc. | 79,267 | 5,023 | |
Paychex Inc. | 43,360 | 4,787 | |
Cummins Inc. | 18,828 | 4,577 | |
DuPont de Nemours Inc. | 59,841 | 4,370 | |
PPG Industries Inc. | 31,413 | 4,148 | |
Otis Worldwide Corp. | 27,752 | 2,348 | |
Global Payments Inc. | 17,976 | 2,017 | |
442,666 | |||
Real Estate (1.4%) | |||
Prologis Inc. | 123,312 | 15,216 | |
American Tower Corp. | 62,178 | 12,312 | |
Equinix Inc. | 12,361 | 8,508 | |
Crown Castle Inc. | 57,857 | 7,565 | |
Public Storage | 19,995 | 5,977 | |
Simon Property Group Inc. | 21,810 | 2,663 | |
52,241 | |||
Technology (30.0%) | |||
Apple Inc. | 2,018,367 | 297,528 | |
Microsoft Corp. | 995,614 | 248,326 | |
NVIDIA Corp. | 312,112 | 72,460 |
Shares | Market Value• ($000) | ||
* | Alphabet Inc. Class A | 797,276 | 71,803 |
* | Alphabet Inc. Class C | 691,289 | 62,423 |
* | Meta Platforms Inc. Class A | 300,267 | 52,529 |
Broadcom Inc. | 54,095 | 32,148 | |
Texas Instruments Inc. | 121,245 | 20,787 | |
* | Salesforce Inc. | 126,853 | 20,754 |
* | Adobe Inc. | 62,058 | 20,104 |
QUALCOMM Inc. | 149,726 | 18,496 | |
Oracle Corp. | 198,116 | 17,315 | |
* | Advanced Micro Devices Inc. | 215,371 | 16,924 |
International Business Machines Corp. | 120,776 | 15,616 | |
Intuit Inc. | 35,619 | 14,503 | |
Intel Corp. | 551,176 | 13,741 | |
Applied Materials Inc. | 114,912 | 13,347 | |
Analog Devices Inc. | 67,983 | 12,473 | |
* | ServiceNow Inc. | 27,017 | 11,676 |
Lam Research Corp. | 18,225 | 8,858 | |
Micron Technology Inc. | 145,224 | 8,397 | |
* | Palo Alto Networks Inc. | 40,407 | 7,611 |
* | Synopsys Inc. | 20,489 | 7,453 |
KLA Corp. | 18,942 | 7,186 | |
Roper Technologies Inc. | 14,209 | 6,113 | |
* | Autodesk Inc. | 28,845 | 5,731 |
* | Snowflake Inc. Class A | 36,350 | 5,612 |
TE Connectivity Ltd. | 42,283 | 5,383 | |
* | Workday Inc. Class A | 26,792 | 4,969 |
Cognizant Technology Solutions Corp. Class A | 68,633 | 4,299 | |
HP Inc. | 120,892 | 3,569 | |
* | Crowdstrike Holdings Inc. Class A | 28,733 | 3,468 |
* | VMware Inc. Class A | 31,157 | 3,431 |
* | Fortinet Inc. | 44,532 | 2,647 |
Marvell Technology Inc. | 56,989 | 2,573 | |
Dell Technologies Inc. Class C | 32,869 | 1,336 | |
1,121,589 | |||
Telecommunications (2.7%) | |||
Cisco Systems Inc. | 493,783 | 23,909 | |
Comcast Corp. Class A | 576,116 | 21,414 | |
Verizon Communications Inc. | 532,908 | 20,682 |
Shares | Market Value• ($000) | ||
AT&T Inc. | 951,903 | 18,001 | |
* | T-Mobile US Inc. | 83,058 | 11,809 |
* | Charter Communications Inc. Class A | 13,496 | 4,961 |
100,776 | |||
Utilities (2.2%) | |||
NextEra Energy Inc. | 265,435 | 18,854 | |
Duke Energy Corp. | 102,828 | 9,693 | |
Southern Co. | 145,436 | 9,171 | |
Waste Management Inc. | 54,751 | 8,200 | |
Sempra Energy (XNYS) | 41,960 | 6,292 | |
Dominion Energy Inc. | 111,241 | 6,187 | |
American Electric Power Co. Inc. | 68,645 | 6,039 | |
Exelon Corp. | 132,459 | 5,350 | |
Xcel Energy Inc. | 73,120 | 4,721 | |
Public Service Enterprise Group Inc. | 66,649 | 4,028 | |
Republic Services Inc. Class A | 27,474 | 3,542 | |
82,077 | |||
Total Common Stocks (Cost $2,871,551) | 3,719,110 | ||
Temporary Cash Investments (0.4%) | |||
Money Market Fund (0.4%) | |||
1 | Vanguard Market Liquidity Fund, 4.640% (Cost $14,093) | 140,947 | 14,093 |
Total Investments (99.8%) (Cost $2,885,644) | 3,733,203 | ||
Other Assets and Liabilities—Net (0.2%) | 7,257 | ||
Net Assets (100%) | 3,740,460 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini S&P 500 Index | March 2023 | 106 | 21,070 | (49) |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $2,871,551) | 3,719,110 |
Affiliated Issuers (Cost $14,093) | 14,093 |
Total Investments in Securities | 3,733,203 |
Investment in Vanguard | 137 |
Cash | 39 |
Cash Collateral Pledged—Futures Contracts | 1,125 |
Receivables for Accrued Income | 6,203 |
Total Assets | 3,740,707 |
Liabilities | |
Payables for Investment Securities Purchased | 86 |
Payables to Vanguard | 95 |
Variation Margin Payable—Futures Contracts | 66 |
Total Liabilities | 247 |
Net Assets | 3,740,460 |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 2,873,149 |
Total Distributable Earnings (Loss) | 867,311 |
Net Assets | 3,740,460 |
ETF Shares—Net Assets | |
Applicable to 25,975,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 3,566,470 |
Net Asset Value Per Share—ETF Shares | $137.30 |
Institutional Shares—Net Assets | |
Applicable to 642,686 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 173,990 |
Net Asset Value Per Share—Institutional Shares | $270.72 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends | 31,522 |
Interest1 | 209 |
Securities Lending—Net | 23 |
Total Income | 31,754 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 45 |
Management and Administrative—ETF Shares | 1,041 |
Management and Administrative—Institutional Shares | 46 |
Marketing and Distribution—ETF Shares | 68 |
Marketing and Distribution—Institutional Shares | 2 |
Custodian Fees | 16 |
Shareholders’ Reports—ETF Shares | 70 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 1 |
Other Expenses | 6 |
Total Expenses | 1,295 |
Expenses Paid Indirectly | (1) |
Net Expenses | 1,294 |
Net Investment Income | 30,460 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 113,189 |
Futures Contracts | (1,353) |
Realized Net Gain (Loss) | 111,836 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | (128,443) |
Futures Contracts | (50) |
Change in Unrealized Appreciation (Depreciation) | (128,493) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 13,803 |
1 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $197,000, $4,000, less than $1,000, and ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $142,900,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 30,460 | 59,135 | |
Realized Net Gain (Loss) | 111,836 | 332,118 | |
Change in Unrealized Appreciation (Depreciation) | (128,493) | (990,069) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 13,803 | (598,816) | |
Distributions | |||
ETF Shares | (31,698) | (55,014) | |
Institutional Shares | (1,517) | (2,467) | |
Total Distributions | (33,215) | (57,481) | |
Capital Share Transactions | |||
ETF Shares | (115,542) | 41,621 | |
Institutional Shares | (3,277) | 15,237 | |
Net Increase (Decrease) from Capital Share Transactions | (118,819) | 56,858 | |
Total Increase (Decrease) | (138,231) | (599,439) | |
Net Assets | |||
Beginning of Period | 3,878,691 | 4,478,130 | |
End of Period | 3,740,460 | 3,878,691 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $137.84 | $160.74 | $125.47 | $101.36 | $100.26 | $85.02 |
Investment Operations | ||||||
Net Investment Income1 | 1.098 | 2.109 | 1.961 | 1.992 | 2.045 | 1.790 |
Net Realized and Unrealized Gain (Loss) on Investments | (.445) | (22.957) | 35.218 | 24.065 | 1.052 | 15.214 |
Total from Investment Operations | .653 | (20.848) | 37.179 | 26.057 | 3.097 | 17.004 |
Distributions | ||||||
Dividends from Net Investment Income | (1.193) | (2.052) | (1.908) | (1.947) | (1.997) | (1.764) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.193) | (2.052) | (1.908) | (1.947) | (1.997) | (1.764) |
Net Asset Value, End of Period | $137.30 | $137.84 | $160.74 | $125.47 | $101.36 | $100.26 |
Total Return | 0.52% | -13.09% | 29.94% | 26.14% | 3.26% | 20.25% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $3,566 | $3,701 | $4,288 | $3,036 | $1,944 | $1,542 |
Ratio of Total Expenses to Average Net Assets | 0.07%2 | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.62% | 1.38% | 1.41% | 1.85% | 2.10% | 1.93% |
Portfolio Turnover Rate3 | 1% | 3% | 5% | 4% | 4% | 4% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.07%. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $271.77 | $316.94 | $247.38 | $199.84 | $197.68 | $167.62 |
Investment Operations | ||||||
Net Investment Income1 | 2.179 | 4.199 | 3.882 | 3.943 | 4.053 | 3.513 |
Net Realized and Unrealized Gain (Loss) on Investments | (.863) | (45.292) | 69.463 | 47.454 | 2.062 | 30.038 |
Total from Investment Operations | 1.316 | (41.093) | 73.345 | 51.397 | 6.115 | 33.551 |
Distributions | ||||||
Dividends from Net Investment Income | (2.366) | (4.077) | (3.785) | (3.857) | (3.955) | (3.491) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.366) | (4.077) | (3.785) | (3.857) | (3.955) | (3.491) |
Net Asset Value, End of Period | $270.72 | $271.77 | $316.94 | $247.38 | $199.84 | $197.68 |
Total Return | 0.53% | -13.07% | 29.97% | 26.19% | 3.25% | 20.26% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $174 | $178 | $190 | $180 | $150 | $122 |
Ratio of Total Expenses to Average Net Assets | 0.06%2 | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% |
Ratio of Net Investment Income to Average Net Assets | 1.63% | 1.40% | 1.42% | 1.86% | 2.11% | 1.94% |
Portfolio Turnover Rate3 | 1% | 3% | 5% | 4% | 4% | 4% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.06%. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended February 28, 2023, custodian fee offset arrangements reduced the fund’s expenses by $1,000 (an annual rate of less than 0.01% of average net assets). |
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. |
E. | As of February 28, 2023, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 2,885,862 |
Gross Unrealized Appreciation | 959,797 |
Gross Unrealized Depreciation | (112,505) |
Net Unrealized Appreciation (Depreciation) | 847,292 |
F. | During the six months ended February 28, 2023, the fund purchased $161,383,000 of investment securities and sold $281,142,000 of investment securities, other than temporary cash investments. Purchases and sales include $112,323,000 and $237,865,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
G. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 122,436 | 900 | 623,865 | 4,075 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (237,978) | (1,775) | (582,244) | (3,900) | |
Net Increase (Decrease)—ETF Shares | (115,542) | (875) | 41,621 | 175 | |
Institutional Shares | |||||
Issued | 3,908 | 15 | 25,422 | 87 | |
Issued in Lieu of Cash Distributions | 1,511 | 6 | 2,465 | 8 | |
Redeemed | (8,696) | (32) | (12,650) | (41) | |
Net Increase (Decrease)—Institutional Shares | (3,277) | (11) | 15,237 | 54 |
H. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
Basic Materials | 1.5% |
Consumer Discretionary | 25.1 |
Consumer Staples | 0.9 |
Energy | 0.6 |
Financials | 2.0 |
Health Care | 7.3 |
Industrials | 9.1 |
Real Estate | 1.8 |
Technology | 50.8 |
Telecommunications | 0.9 |
Shares | Market Value• ($000) | ||
Common Stocks (99.9%) | |||
Basic Materials (1.5%) | |||
Linde plc | 362,287 | 126,210 | |
Ecolab Inc. | 188,257 | 30,003 | |
156,213 | |||
Consumer Discretionary (25.1%) | |||
* | Amazon.com Inc. | 6,362,906 | 599,577 |
* | Tesla Inc. | 1,969,502 | 405,146 |
Home Depot Inc. | 747,854 | 221,769 | |
Costco Wholesale Corp. | 324,769 | 157,247 | |
McDonald's Corp. | 537,622 | 141,884 | |
* | Walt Disney Co. | 1,337,969 | 133,275 |
NIKE Inc. Class B | 924,039 | 109,767 | |
* | Netflix Inc. | 326,401 | 105,143 |
Lowe's Cos. Inc. | 443,743 | 91,300 | |
Starbucks Corp. | 842,303 | 85,991 | |
* | Booking Holdings Inc. | 28,452 | 71,813 |
TJX Cos. Inc. | 808,694 | 61,946 | |
* | Uber Technologies Inc. | 1,390,960 | 46,263 |
* | O'Reilly Automotive Inc. | 45,843 | 38,054 |
Estee Lauder Cos. Inc. Class A | 152,869 | 37,155 | |
Dollar General Corp. | 165,738 | 35,849 | |
Marriott International Inc. Class A | 209,217 | 35,408 | |
* | Airbnb Inc. Class A | 263,236 | 32,452 |
Ross Stores Inc. | 254,944 | 28,181 | |
* | Lululemon Athletica Inc. | 89,760 | 27,754 |
Yum! Brands Inc. | 206,162 | 26,216 | |
Electronic Arts Inc. | 202,722 | 22,490 | |
Activision Blizzard Inc. | 258,615 | 19,719 | |
* | AutoZone Inc. | 6,983 | 17,363 |
* | Chipotle Mexican Grill Inc. Class A | 10,189 | 15,193 |
Hilton Worldwide Holdings Inc. | 99,347 | 14,357 | |
* | Rivian Automotive Inc. Class A | 469,377 | 9,059 |
* | Las Vegas Sands Corp. | 125,900 | 7,235 |
2,597,606 | |||
Consumer Staples (0.9%) | |||
* | Monster Beverage Corp. | 268,321 | 27,304 |
Hershey Co. | 108,014 | 25,742 | |
Colgate-Palmolive Co. | 306,585 | 22,473 | |
Brown-Forman Corp. Class B | 228,567 | 14,827 |
Shares | Market Value• ($000) | ||
Brown-Forman Corp. Class A | 36,218 | 2,351 | |
92,697 | |||
Energy (0.6%) | |||
Pioneer Natural Resources Co. | 165,775 | 33,223 | |
Schlumberger Ltd. | 520,591 | 27,701 | |
60,924 | |||
Financials (2.0%) | |||
S&P Global Inc. | 239,110 | 81,584 | |
Blackstone Inc. | 515,102 | 46,771 | |
Aon plc Class A (XNYS) | 144,026 | 43,791 | |
Moody's Corp. | 114,071 | 33,098 | |
205,244 | |||
Health Care (7.3%) | |||
Thermo Fisher Scientific Inc. | 287,836 | 155,938 | |
Eli Lilly & Co. | 313,715 | 97,634 | |
Danaher Corp. | 240,105 | 59,433 | |
* | Intuitive Surgical Inc. | 259,089 | 59,433 |
* | Regeneron Pharmaceuticals Inc. | 74,587 | 56,718 |
* | Vertex Pharmaceuticals Inc. | 188,550 | 54,734 |
Zoetis Inc. | 307,924 | 51,423 | |
* | Boston Scientific Corp. | 1,049,623 | 49,038 |
* | Edwards Lifesciences Corp. | 454,055 | 36,524 |
* | Moderna Inc. | 239,320 | 33,220 |
Stryker Corp. | 125,054 | 32,874 | |
Agilent Technologies Inc. | 216,672 | 30,761 | |
* | Illumina Inc. | 115,479 | 23,004 |
* | IDEXX Laboratories Inc. | 30,373 | 14,374 |
755,108 | |||
Industrials (9.1%) | |||
Visa Inc. Class A | 1,194,687 | 262,759 | |
Mastercard Inc. Class A | 629,864 | 223,784 | |
Accenture plc Class A | 462,201 | 122,738 | |
* | Boeing Co. | 437,333 | 88,145 |
* | PayPal Holdings Inc. | 836,948 | 61,599 |
* | Fiserv Inc. | 419,560 | 48,287 |
Sherwin-Williams Co. | 171,287 | 37,914 | |
Automatic Data Processing Inc. | 152,350 | 33,490 | |
* | Block Inc. (XNYS) | 394,371 | 30,260 |
Paychex Inc. | 238,178 | 26,295 |
Shares | Market Value• ($000) | ||
Global Payments Inc. | 99,375 | 11,150 | |
946,421 | |||
Real Estate (1.8%) | |||
American Tower Corp. | 341,767 | 67,673 | |
Equinix Inc. | 67,820 | 46,678 | |
Crown Castle Inc. | 318,034 | 41,583 | |
Public Storage | 109,569 | 32,756 | |
188,690 | |||
Technology (50.7%) | |||
Apple Inc. | 11,089,572 | 1,634,714 | |
Microsoft Corp. | 5,470,009 | 1,364,330 | |
NVIDIA Corp. | 1,714,759 | 398,098 | |
* | Alphabet Inc. Class A | 4,378,794 | 394,354 |
* | Alphabet Inc. Class C | 3,799,768 | 343,119 |
* | Meta Platforms Inc. Class A | 825,297 | 144,378 |
Texas Instruments Inc. | 665,838 | 114,158 | |
* | Salesforce Inc. | 696,907 | 114,021 |
* | Adobe Inc. | 341,074 | 110,491 |
* | Advanced Micro Devices Inc. | 1,183,077 | 92,966 |
Intuit Inc. | 195,835 | 79,740 | |
Applied Materials Inc. | 631,461 | 73,344 | |
* | ServiceNow Inc. | 148,122 | 64,014 |
Lam Research Corp. | 100,104 | 48,652 | |
* | Palo Alto Networks Inc. | 222,082 | 41,834 |
* | Synopsys Inc. | 112,218 | 40,820 |
KLA Corp. | 104,118 | 39,500 | |
* | Autodesk Inc. | 158,463 | 31,485 |
* | Snowflake Inc. Class A | 199,697 | 30,829 |
* | Workday Inc. Class A | 147,596 | 27,375 |
* | Crowdstrike Holdings Inc. Class A | 157,785 | 19,043 |
Shares | Market Value• ($000) | ||
Roper Technologies Inc. | 38,982 | 16,770 | |
* | Fortinet Inc. | 243,856 | 14,495 |
Marvell Technology Inc. | 313,011 | 14,132 | |
5,252,662 | |||
Telecommunications (0.9%) | |||
* | T-Mobile US Inc. | 455,972 | 64,830 |
* | Charter Communications Inc. Class A | 74,269 | 27,302 |
92,132 | |||
Total Common Stocks (Cost $9,606,716) | 10,347,697 | ||
Temporary Cash Investments (0.0%) | |||
Money Market Fund (0.0%) | |||
1 | Vanguard Market Liquidity Fund, 4.640% (Cost $4,972) | 49,726 | 4,972 |
Total Investments (99.9%) (Cost $9,611,688) | 10,352,669 | ||
Other Assets and Liabilities—Net (0.1%) | 8,015 | ||
Net Assets (100%) | 10,360,684 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini NASDAQ 100 Index | March 2023 | 44 | 10,624 | (65) |
E-mini S&P 500 Index | March 2023 | 7 | 1,391 | (7) |
(72) |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $9,606,716) | 10,347,697 |
Affiliated Issuers (Cost $4,972) | 4,972 |
Total Investments in Securities | 10,352,669 |
Investment in Vanguard | 380 |
Cash | 58 |
Cash Collateral Pledged—Futures Contracts | 775 |
Receivables for Accrued Income | 7,157 |
Total Assets | 10,361,039 |
Liabilities | |
Payables for Investment Securities Purchased | 78 |
Payables for Capital Shares Redeemed | 1 |
Payables to Vanguard | 262 |
Variation Margin Payable—Futures Contracts | 14 |
Total Liabilities | 355 |
Net Assets | 10,360,684 |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 9,761,716 |
Total Distributable Earnings (Loss) | 598,968 |
Net Assets | 10,360,684 |
ETF Shares—Net Assets | |
Applicable to 55,014,192 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 10,335,011 |
Net Asset Value Per Share—ETF Shares | $187.86 |
Institutional Shares—Net Assets | |
Applicable to 68,797 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 25,673 |
Net Asset Value Per Share—Institutional Shares | $373.17 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends | 35,597 |
Interest1 | 152 |
Securities Lending—Net | — |
Total Income | 35,749 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 124 |
Management and Administrative—ETF Shares | 2,974 |
Management and Administrative—Institutional Shares | 7 |
Marketing and Distribution—ETF Shares | 242 |
Marketing and Distribution—Institutional Shares | — |
Custodian Fees | 15 |
Shareholders’ Reports—ETF Shares | 191 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 2 |
Other Expenses | 6 |
Total Expenses | 3,561 |
Net Investment Income | 32,188 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 347,063 |
Futures Contracts | (638) |
Realized Net Gain (Loss) | 346,425 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | (787,644) |
Futures Contracts | 441 |
Change in Unrealized Appreciation (Depreciation) | (787,203) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (408,590) |
1 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $141,000, $2,000, less than $1,000, and ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $641,596,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 32,188 | 63,434 | |
Realized Net Gain (Loss) | 346,425 | 858,787 | |
Change in Unrealized Appreciation (Depreciation) | (787,203) | (3,910,393) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (408,590) | (2,988,172) | |
Distributions | |||
ETF Shares | (38,552) | (57,769) | |
Institutional Shares | (95) | (185) | |
Total Distributions | (38,647) | (57,954) | |
Capital Share Transactions | |||
ETF Shares | (386,923) | 1,490,053 | |
Institutional Shares | (109) | (9,451) | |
Net Increase (Decrease) from Capital Share Transactions | (387,032) | 1,480,602 | |
Total Increase (Decrease) | (834,269) | (1,565,524) | |
Net Assets | |||
Beginning of Period | 11,194,953 | 12,760,477 | |
End of Period | 10,360,684 | 11,194,953 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $195.20 | $248.50 | $196.25 | $132.22 | $127.79 | $104.09 |
Investment Operations | ||||||
Net Investment Income1 | .575 | 1.151 | 1.220 | 1.358 | 1.588 | 1.485 |
Net Realized and Unrealized Gain (Loss) on Investments | (7.230) | (53.389) | 52.279 | 64.007 | 3.860 | 23.677 |
Total from Investment Operations | (6.655) | (52.238) | 53.499 | 65.365 | 5.448 | 25.162 |
Distributions | ||||||
Dividends from Net Investment Income | (.685) | (1.062) | (1.249) | (1.335) | (1.018) | (1.462) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.685) | (1.062) | (1.249) | (1.335) | (1.018) | (1.462) |
Net Asset Value, End of Period | $187.86 | $195.20 | $248.50 | $196.25 | $132.22 | $127.79 |
Total Return | -3.39% | -21.08% | 27.41% | 49.84% | 4.32% | 24.38% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $10,335 | $11,168 | $12,714 | $10,193 | $4,388 | $4,152 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 0.65% | 0.51% | 0.58% | 0.90% | 1.30% | 1.29% |
Portfolio Turnover Rate2 | 4% | 5% | 8% | 6% | 14% | 9% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $387.74 | $493.61 | $389.78 | $262.63 | $253.80 | $206.74 |
Investment Operations | ||||||
Net Investment Income1 | 1.162 | 2.279 | 2.498 | 2.707 | 3.184 | 2.963 |
Net Realized and Unrealized Gain (Loss) on Investments | (14.352) | (106.001) | 103.822 | 127.126 | 7.684 | 47.023 |
Total from Investment Operations | (13.190) | (103.722) | 106.320 | 129.833 | 10.868 | 49.986 |
Distributions | ||||||
Dividends from Net Investment Income | (1.380) | (2.148) | (2.489) | (2.683) | (2.038) | (2.926) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.380) | (2.148) | (2.489) | (2.683) | (2.038) | (2.926) |
Net Asset Value, End of Period | $373.17 | $387.74 | $493.61 | $389.78 | $262.63 | $253.80 |
Total Return | -3.38% | -21.07% | 27.43% | 49.87% | 4.34% | 24.39% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $26 | $27 | $46 | $81 | $43 | $43 |
Ratio of Total Expenses to Average Net Assets | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% |
Ratio of Net Investment Income to Average Net Assets | 0.66% | 0.50% | 0.62% | 0.91% | 1.31% | 1.30% |
Portfolio Turnover Rate2 | 4% | 5% | 8% | 6% | 14% | 9% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | 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. |
D. | As of February 28, 2023, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 9,618,721 |
Gross Unrealized Appreciation | 1,440,226 |
Gross Unrealized Depreciation | (706,350) |
Net Unrealized Appreciation (Depreciation) | 733,876 |
E. | During the six months ended February 28, 2023, the fund purchased $1,368,855,000 of investment securities and sold $1,755,428,000 of investment securities, other than temporary cash investments. Purchases and sales include $967,228,000 and $1,352,090,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 968,839 | 5,225 | 3,516,757 | 15,200 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (1,355,762) | (7,425) | (2,026,704) | (9,150) | |
Net Increase (Decrease)—ETF Shares | (386,923) | (2,200) | 1,490,053 | 6,050 |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Institutional Shares | |||||
Issued | 161 | 1 | 1,938 | 5 | |
Issued in Lieu of Cash Distributions | 95 | — | 184 | — | |
Redeemed | (365) | (1) | (11,573) | (29) | |
Net Increase (Decrease)—Institutional Shares | (109) | — | (9,451) | (24) |
G. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
Basic Materials | 1.4% |
Consumer Discretionary | 3.0 |
Consumer Staples | 11.5 |
Energy | 8.5 |
Financials | 20.1 |
Health Care | 21.7 |
Industrials | 14.7 |
Real Estate | 1.0 |
Technology | 9.0 |
Telecommunications | 4.6 |
Utilities | 4.5 |
Shares | Market Value• ($000) | ||
Common Stocks (99.9%) | |||
Basic Materials (1.4%) | |||
Air Products and Chemicals Inc. | 96,810 | 27,686 | |
Freeport-McMoRan Inc. | 622,680 | 25,511 | |
Dow Inc. | 307,298 | 17,577 | |
Newmont Corp. | 346,566 | 15,114 | |
85,888 | |||
Consumer Discretionary (3.0%) | |||
Walmart Inc. | 591,644 | 84,090 | |
Target Corp. | 200,816 | 33,838 | |
General Motors Co. | 588,300 | 22,791 | |
Ford Motor Co. | 1,722,246 | 20,788 | |
Activision Blizzard Inc. | 153,513 | 11,705 | |
* | Warner Bros Discovery Inc. | 475,999 | 7,435 |
180,647 | |||
Consumer Staples (11.5%) | |||
Procter & Gamble Co. | 1,033,252 | 142,134 | |
PepsiCo Inc. | 600,744 | 104,247 | |
Coca-Cola Co. | 1,697,123 | 100,996 | |
Philip Morris International Inc. | 675,903 | 65,765 | |
CVS Health Corp. | 572,806 | 47,852 | |
Mondelez International Inc. Class A | 595,445 | 38,811 | |
Altria Group Inc. | 781,449 | 36,283 | |
McKesson Corp. | 61,847 | 21,635 | |
General Mills Inc. | 258,788 | 20,576 | |
Kimberly-Clark Corp. | 147,223 | 18,410 | |
Sysco Corp. | 221,288 | 16,502 | |
Constellation Brands Inc. Class A | 68,292 | 15,277 | |
Keurig Dr Pepper Inc. | 400,849 | 13,849 | |
Kraft Heinz Co. | 346,679 | 13,500 | |
Colgate-Palmolive Co. | 181,870 | 13,331 | |
Walgreens Boots Alliance Inc. | 301,601 | 10,716 | |
Archer-Daniels-Midland Co. | 119,812 | 9,537 | |
689,421 | |||
Energy (8.5%) | |||
Exxon Mobil Corp. | 1,795,727 | 197,368 | |
Chevron Corp. | 758,840 | 121,999 | |
ConocoPhillips | 543,343 | 56,154 | |
EOG Resources Inc. | 256,217 | 28,958 | |
Marathon Petroleum Corp. | 204,403 | 25,264 | |
Occidental Petroleum Corp. | 297,561 | 17,425 | |
Schlumberger Ltd. | 308,625 | 16,422 | |
Kinder Morgan Inc. | 831,800 | 14,190 |
Shares | Market Value• ($000) | ||
Valero Energy Corp. | 83,942 | 11,058 | |
Phillips 66 | 103,048 | 10,569 | |
Williams Cos. Inc. | 265,909 | 8,004 | |
507,411 | |||
Financials (20.1%) | |||
* | Berkshire Hathaway Inc. Class B | 631,630 | 192,761 |
JPMorgan Chase & Co. | 1,278,973 | 183,341 | |
Bank of America Corp. | 2,973,167 | 101,980 | |
Wells Fargo & Co. | 1,661,366 | 77,702 | |
Morgan Stanley | 552,754 | 53,341 | |
Charles Schwab Corp. | 673,131 | 52,450 | |
Goldman Sachs Group Inc. | 147,641 | 51,918 | |
BlackRock Inc. | 62,223 | 42,898 | |
Citigroup Inc. | 802,135 | 40,660 | |
* | Berkshire Hathaway Inc. Class A | 82 | 38,009 |
Progressive Corp. | 255,031 | 36,602 | |
Chubb Ltd. | 171,935 | 36,282 | |
Marsh & McLennan Cos. Inc. | 216,307 | 35,072 | |
US Bancorp | 615,974 | 29,400 | |
CME Group Inc. | 156,909 | 29,085 | |
PNC Financial Services Group Inc. | 175,669 | 27,742 | |
Truist Financial Corp. | 579,088 | 27,188 | |
Intercontinental Exchange Inc. | 243,314 | 24,769 | |
Travelers Cos. Inc. | 102,181 | 18,916 | |
MetLife Inc. | 256,826 | 18,422 | |
Aflac Inc. | 244,398 | 16,656 | |
Bank of New York Mellon Corp. | 316,726 | 16,115 | |
Prudential Financial Inc. | 160,194 | 16,019 | |
KKR & Co. Inc. | 281,113 | 15,841 | |
Allstate Corp. | 115,897 | 14,925 | |
American International Group Inc. | 162,248 | 9,915 | |
1,208,009 | |||
Health Care (21.6%) | |||
UnitedHealth Group Inc. | 407,401 | 193,898 | |
Johnson & Johnson | 1,139,957 | 174,710 | |
AbbVie Inc. | 771,035 | 118,662 | |
Merck & Co. Inc. | 1,105,480 | 117,446 | |
Pfizer Inc. | 2,447,448 | 99,293 | |
Abbott Laboratories | 760,245 | 77,332 | |
Bristol-Myers Squibb Co. | 926,959 | 63,923 | |
Eli Lilly & Co. | 186,423 | 58,019 | |
Amgen Inc. | 232,609 | 53,886 |
Shares | Market Value• ($000) | ||
Elevance Health Inc. | 104,078 | 48,882 | |
Medtronic plc | 579,915 | 48,017 | |
Gilead Sciences Inc. | 547,109 | 44,059 | |
Cigna Group | 133,256 | 38,924 | |
Danaher Corp. | 142,800 | 35,347 | |
Becton Dickinson and Co. | 123,692 | 29,012 | |
Humana Inc. | 55,153 | 27,302 | |
HCA Healthcare Inc. | 92,526 | 22,526 | |
Stryker Corp. | 74,188 | 19,503 | |
* | Biogen Inc. | 62,810 | 16,950 |
* | GE Healthcare Inc. | 78,989 | 6,003 |
Baxter International Inc. | 110,645 | 4,420 | |
1,298,114 | |||
Industrials (14.7%) | |||
Raytheon Technologies Corp. | 641,028 | 62,878 | |
United Parcel Service Inc. Class B (XNYS) | 318,188 | 58,066 | |
Honeywell International Inc. | 293,074 | 56,118 | |
Union Pacific Corp. | 268,050 | 55,561 | |
Caterpillar Inc. | 226,862 | 54,345 | |
Lockheed Martin Corp. | 114,249 | 54,184 | |
Deere & Co. | 118,540 | 49,697 | |
American Express Co. | 244,268 | 42,500 | |
General Electric Co. | 476,325 | 40,349 | |
Eaton Corp. plc | 173,610 | 30,370 | |
Illinois Tool Works Inc. | 120,506 | 28,097 | |
Northrop Grumman Corp. | 60,380 | 28,023 | |
CSX Corp. | 917,463 | 27,973 | |
3M Co. | 241,178 | 25,984 | |
General Dynamics Corp. | 107,756 | 24,559 | |
Norfolk Southern Corp. | 100,827 | 22,668 | |
Emerson Electric Co. | 257,678 | 21,313 | |
FedEx Corp. | 102,090 | 20,747 | |
Automatic Data Processing Inc. | 90,534 | 19,901 | |
Parker-Hannifin Corp. | 56,085 | 19,733 | |
Johnson Controls International plc | 299,539 | 18,787 | |
Trane Technologies plc | 100,253 | 18,544 | |
Capital One Financial Corp. | 166,589 | 18,172 | |
L3Harris Technologies Inc. | 82,869 | 17,501 | |
Fidelity National Information Services Inc. | 259,097 | 16,419 | |
Cummins Inc. | 61,452 | 14,938 | |
DuPont de Nemours Inc. | 194,698 | 14,219 | |
PPG Industries Inc. | 102,434 | 13,527 | |
Otis Worldwide Corp. | 90,838 | 7,687 | |
882,860 | |||
Real Estate (1.0%) | |||
Prologis Inc. | 402,495 | 49,668 | |
Simon Property Group Inc. | 71,306 | 8,706 | |
��58,374 | |||
Technology (9.0%) | |||
Broadcom Inc. | 176,570 | 104,934 | |
* | Meta Platforms Inc. Class A | 490,227 | 85,760 |
QUALCOMM Inc. | 488,702 | 60,369 | |
Oracle Corp. | 646,640 | 56,516 |
Shares | Market Value• ($000) | ||
International Business Machines Corp. | 394,305 | 50,984 | |
Intel Corp. | 1,799,622 | 44,865 | |
Analog Devices Inc. | 222,006 | 40,731 | |
Micron Technology Inc. | 474,484 | 27,435 | |
TE Connectivity Ltd. | 138,540 | 17,639 | |
Cognizant Technology Solutions Corp. Class A | 223,847 | 14,019 | |
HP Inc. | 394,466 | 11,645 | |
* | VMware Inc. Class A | 101,735 | 11,204 |
Roper Technologies Inc. | 23,070 | 9,925 | |
Dell Technologies Inc. Class C | 107,453 | 4,367 | |
540,393 | |||
Telecommunications (4.6%) | |||
Cisco Systems Inc. | 1,612,035 | 78,055 | |
Comcast Corp. Class A | 1,880,929 | 69,914 | |
Verizon Communications Inc. | 1,739,527 | 67,511 | |
AT&T Inc. | 3,107,425 | 58,761 | |
274,241 | |||
Utilities (4.5%) | |||
NextEra Energy Inc. | 866,406 | 61,541 | |
Duke Energy Corp. | 335,727 | 31,646 | |
Southern Co. | 474,691 | 29,934 | |
Waste Management Inc. | 179,120 | 26,825 | |
Sempra Energy (XNYS) | 137,118 | 20,562 | |
Dominion Energy Inc. | 363,236 | 20,203 | |
American Electric Power Co. Inc. | 224,468 | 19,746 | |
Exelon Corp. | 432,874 | 17,484 | |
Xcel Energy Inc. | 238,103 | 15,374 | |
Public Service Enterprise Group Inc. | 217,347 | 13,134 | |
Republic Services Inc. Class A | 89,504 | 11,540 | |
267,989 | |||
Total Common Stocks (Cost $5,223,527) | 5,993,347 | ||
Temporary Cash Investments (0.0%) | |||
Money Market Fund (0.0%) | |||
1 | Vanguard Market Liquidity Fund, 4.640% (Cost $2) | 17 | 2 |
Total Investments (99.9%) (Cost $5,223,529) | 5,993,349 | ||
Other Assets and Liabilities—Net (0.1%) | 8,111 | ||
Net Assets (100%) | 6,001,460 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini S&P 500 Index | March 2023 | 39 | 7,752 | (214) |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $5,223,527) | 5,993,347 |
Affiliated Issuers (Cost $2) | 2 |
Total Investments in Securities | 5,993,349 |
Investment in Vanguard | 220 |
Cash Collateral Pledged—Futures Contracts | 420 |
Receivables for Accrued Income | 15,776 |
Receivables for Capital Shares Issued | 12 |
Total Assets | 6,009,777 |
Liabilities | |
Due to Custodian | 8,117 |
Payables for Capital Shares Redeemed | 24 |
Payables to Vanguard | 152 |
Variation Margin Payable—Futures Contracts | 24 |
Total Liabilities | 8,317 |
Net Assets | 6,001,460 |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 5,184,362 |
Total Distributable Earnings (Loss) | 817,098 |
Net Assets | 6,001,460 |
ETF Shares—Net Assets | |
Applicable to 57,990,748 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 5,879,531 |
Net Asset Value Per Share—ETF Shares | $101.39 |
Institutional Shares—Net Assets | |
Applicable to 606,458 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 121,929 |
Net Asset Value Per Share—Institutional Shares | $201.05 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends | 78,710 |
Interest1 | 47 |
Securities Lending—Net | 77 |
Total Income | 78,834 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 72 |
Management and Administrative—ETF Shares | 1,606 |
Management and Administrative—Institutional Shares | 22 |
Marketing and Distribution—ETF Shares | 135 |
Marketing and Distribution—Institutional Shares | 1 |
Custodian Fees | 67 |
Shareholders’ Reports—ETF Shares | 110 |
Shareholders’ Reports—Institutional Shares | 1 |
Trustees’ Fees and Expenses | 1 |
Other Expenses | 14 |
Total Expenses | 2,029 |
Expenses Paid Indirectly | (1) |
Net Expenses | 2,028 |
Net Investment Income | 76,806 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 169,537 |
Futures Contracts | (1,000) |
Realized Net Gain (Loss) | 168,537 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 43,298 |
Futures Contracts | (36) |
Change in Unrealized Appreciation (Depreciation) | 43,262 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 288,605 |
1 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $41,000, $1,000, less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $215,540,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 76,806 | 128,925 | |
Realized Net Gain (Loss) | 168,537 | 246,304 | |
Change in Unrealized Appreciation (Depreciation) | 43,262 | (553,302) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 288,605 | (178,073) | |
Distributions | |||
ETF Shares | (77,977) | (119,211) | |
Institutional Shares | (1,618) | (3,022) | |
Total Distributions | (79,595) | (122,233) | |
Capital Share Transactions | |||
ETF Shares | 88,827 | 1,294,327 | |
Institutional Shares | 1,771 | (6,904) | |
Net Increase (Decrease) from Capital Share Transactions | 90,598 | 1,287,423 | |
Total Increase (Decrease) | 299,608 | 987,117 | |
Net Assets | |||
Beginning of Period | 5,701,852 | 4,714,735 | |
End of Period | 6,001,460 | 5,701,852 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $97.72 | $102.64 | $78.96 | $78.94 | $79.89 | $70.19 |
Investment Operations | ||||||
Net Investment Income1 | 1.322 | 2.519 | 2.271 | 2.271 | 2.261 | 1.893 |
Net Realized and Unrealized Gain (Loss) on Investments | 3.727 | (5.016) | 23.557 | (.044) | (1.027) | 9.668 |
Total from Investment Operations | 5.049 | (2.497) | 25.828 | 2.227 | 1.234 | 11.561 |
Distributions | ||||||
Dividends from Net Investment Income | (1.379) | (2.423) | (2.148) | (2.207) | (2.184) | (1.861) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.379) | (2.423) | (2.148) | (2.207) | (2.184) | (1.861) |
Net Asset Value, End of Period | $101.39 | $97.72 | $102.64 | $78.96 | $78.94 | $79.89 |
Total Return | 5.24% | -2.51% | 33.17% | 2.94% | 1.69% | 16.71% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $5,880 | $5,586 | $4,587 | $3,017 | $2,448 | $2,120 |
Ratio of Total Expenses to Average Net Assets | 0.07%2 | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 2.57% | 2.45% | 2.47% | 2.90% | 2.90% | 2.50% |
Portfolio Turnover Rate3 | 3% | 8% | 11% | 9% | 10% | 8% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.07%. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $193.77 | $203.54 | $156.56 | $156.53 | $158.41 | $139.18 |
Investment Operations | ||||||
Net Investment Income1 | 2.629 | 4.999 | 4.492 | 4.522 | 4.467 | 3.743 |
Net Realized and Unrealized Gain (Loss) on Investments | 7.396 | (9.947) | 46.761 | (.102) | (2.002) | 19.188 |
Total from Investment Operations | 10.025 | (4.948) | 51.253 | 4.420 | 2.465 | 22.931 |
Distributions | ||||||
Dividends from Net Investment Income | (2.745) | (4.822) | (4.274) | (4.390) | (4.345) | (3.701) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.745) | (4.822) | (4.274) | (4.390) | (4.345) | (3.701) |
Net Asset Value, End of Period | $201.05 | $193.77 | $203.54 | $156.56 | $156.53 | $158.41 |
Total Return | 5.25% | -2.49% | 33.22% | 3.00% | 1.68% | 16.71% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $122 | $116 | $128 | $117 | $134 | $131 |
Ratio of Total Expenses to Average Net Assets | 0.06%2 | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% |
Ratio of Net Investment Income to Average Net Assets | 2.58% | 2.45% | 2.49% | 2.89% | 2.91% | 2.51% |
Portfolio Turnover Rate3 | 3% | 8% | 11% | 9% | 10% | 8% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.06%. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended February 28, 2023, custodian fee offset arrangements reduced the fund’s expenses by $1,000 (an annual rate of less than 0.01% of average net assets). |
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. |
E. | As of February 28, 2023, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 5,230,236 |
Gross Unrealized Appreciation | 932,759 |
Gross Unrealized Depreciation | (169,860) |
Net Unrealized Appreciation (Depreciation) | 762,899 |
F. | During the six months ended February 28, 2023, the fund purchased $791,180,000 of investment securities and sold $709,280,000 of investment securities, other than temporary cash investments. Purchases and sales include $587,637,000 and $492,523,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
G. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 587,904 | 5,825 | 1,983,469 | 19,305 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (499,077) | (5,000) | (689,142) | (6,825) | |
Net Increase (Decrease)—ETF Shares | 88,827 | 825 | 1,294,327 | 12,480 | |
Institutional Shares | |||||
Issued | 6,739 | 33 | 12,673 | 62 | |
Issued in Lieu of Cash Distributions | 485 | 2 | 939 | 5 | |
Redeemed | (5,453) | (27) | (20,516) | (99) | |
Net Increase (Decrease)—Institutional Shares | 1,771 | 8 | (6,904) | (32) |
H. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
All rights reserved.
U.S. Patent Nos. 6,879,964.
Vanguard Marketing Corporation, Distributor.
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2023 | |||
Beginning Account Value 8/31/2022 | Ending Account Value 2/28/2023 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Global Wellington Fund | |||
Investor Shares | $1,000.00 | $1,050.60 | $2.54 |
Admiral™ Shares | 1,000.00 | 1,051.40 | 1.88 |
Based on Hypothetical 5% Yearly Return | |||
Global Wellington Fund | |||
Investor Shares | $1,000.00 | $1,022.32 | $2.51 |
Admiral Shares | 1,000.00 | 1,022.96 | 1.86 |
United States | 59.4% |
Japan | 7.5 |
France | 7.0 |
United Kingdom | 6.7 |
Switzerland | 3.6 |
Sweden | 2.1 |
Hong Kong | 1.5 |
Supranational | 1.4 |
Spain | 1.3 |
Austria | 1.1 |
Finland | 1.0 |
Other | 7.4 |
Shares | Market Value• ($000) | |||||
Common Stocks (64.9%) | ||||||
Austria (0.9%) | ||||||
Erste Group Bank AG | 455,205 | 17,868 | ||||
Finland (1.0%) | ||||||
Nokia OYJ | 4,026,924 | 18,631 | ||||
France (5.6%) | ||||||
TotalEnergies SE | 432,688 | 26,698 | ||||
Arkema SA | 180,469 | 18,296 | ||||
BNP Paribas SA | 198,462 | 13,875 | ||||
Engie SA | 924,510 | 13,492 | ||||
Safran SA | 90,280 | 12,747 | ||||
Schneider Electric SE | 72,385 | 11,615 | ||||
Vinci SA | 71,655 | 8,148 | ||||
104,871 | ||||||
Germany (0.2%) | ||||||
Bayerische Motoren Werke AG | 29,569 | 3,051 | ||||
Hong Kong (1.5%) | ||||||
AIA Group Ltd. | 2,130,000 | 22,638 | ||||
Prudential plc | 315,594 | 4,823 | ||||
27,461 | ||||||
Japan (7.0%) | ||||||
Nippon Telegraph & Telephone Corp. | 761,244 | 22,058 | ||||
Mitsubishi UFJ Financial Group Inc. | 3,045,322 | 21,590 | ||||
Tokio Marine Holdings Inc. | 953,291 | 20,239 | ||||
Isuzu Motors Ltd. | 1,345,114 | 16,085 | ||||
Honda Motor Co. Ltd. | 517,400 | 13,454 | ||||
Mitsubishi Estate Co. Ltd. | 818,200 | 10,170 | ||||
Resona Holdings Inc. | 1,575,700 | 8,679 | ||||
Marui Group Co. Ltd. | 557,765 | 8,495 | ||||
BIPROGY Inc. | 242,000 | 5,363 | ||||
Astellas Pharma Inc. | 363,600 | 5,106 | ||||
131,239 | ||||||
Netherlands (0.3%) | ||||||
Shell plc | 204,214 | 6,185 | ||||
Norway (0.1%) | ||||||
Aker BP ASA | 68,765 | 1,846 | ||||
South Korea (0.8%) | ||||||
Samsung Electronics Co. Ltd. | 332,251 | 15,202 |
Shares | Market Value• ($000) | |||||
Spain (1.1%) | ||||||
CaixaBank SA | 2,843,775 | 12,211 | ||||
Iberdrola SA | 721,449 | 8,270 | ||||
20,481 | ||||||
Sweden (1.9%) | ||||||
Autoliv Inc. | 247,871 | 22,948 | ||||
Alfa Laval AB | 384,525 | 12,648 | ||||
35,596 | ||||||
Switzerland (2.9%) | ||||||
Novartis AG (Registered) | 283,138 | 23,829 | ||||
Nestle SA (Registered) | 143,798 | 16,202 | ||||
Zurich Insurance Group AG | 19,859 | 9,420 | ||||
Julius Baer Group Ltd. | 77,550 | 5,141 | ||||
54,592 | ||||||
Taiwan (0.9%) | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 1,014,175 | 16,778 | ||||
United Kingdom (4.8%) | ||||||
AstraZeneca plc ADR | 482,285 | 31,435 | ||||
WPP plc | 1,266,825 | 15,581 | ||||
BAE Systems plc | 1,225,942 | 13,241 | ||||
Unilever plc | 242,704 | 12,084 | ||||
Rotork plc | 2,936,634 | 11,438 | ||||
Derwent London plc | 86,546 | 2,705 | ||||
Linde plc | 7,712 | 2,654 | ||||
89,138 | ||||||
United States (35.9%) | ||||||
Microsoft Corp. | 142,997 | 35,666 | ||||
Johnson & Johnson | 191,140 | 29,294 | ||||
JPMorgan Chase & Co. | 178,849 | 25,638 | ||||
Cisco Systems Inc. | 528,589 | 25,594 | ||||
Merck & Co. Inc. | 227,446 | 24,164 | ||||
UnitedHealth Group Inc. | 49,903 | 23,751 | ||||
Chubb Ltd. | 109,911 | 23,193 | ||||
Northrop Grumman Corp. | 48,002 | 22,278 | ||||
United Parcel Service Inc. Class B | 118,514 | 21,628 | ||||
Colgate-Palmolive Co. | 287,185 | 21,051 | ||||
Texas Instruments Inc. | 120,708 | 20,695 | ||||
American Express Co. | 111,041 | 19,320 | ||||
TJX Cos. Inc. | 249,780 | 19,133 | ||||
Duke Energy Corp. | 202,010 | 19,042 | ||||
Home Depot Inc. | 62,695 | 18,592 | ||||
Exelon Corp. | 454,017 | 18,338 | ||||
Visa Inc. Class A | 80,879 | 17,789 | ||||
* | Alphabet Inc. Class A | 186,811 | 16,824 | |||
Sempra Energy | 109,800 | 16,466 | ||||
General Motors Co. | 414,961 | 16,076 | ||||
Medtronic plc | 179,245 | 14,842 | ||||
Mondelez International Inc. Class A | 223,034 | 14,537 | ||||
Deere & Co. | 33,897 | 14,211 | ||||
Caterpillar Inc. | 58,835 | 14,094 | ||||
PNC Financial Services Group Inc. | 89,225 | 14,090 | ||||
LyondellBasell Industries NV Class A | 137,234 | 13,173 | ||||
Accenture plc Class A | 49,064 | 13,029 | ||||
Coterra Energy Inc. | 513,532 | 12,823 |
Shares | Market Value• ($000) | |||||
BlackRock Inc. | 16,901 | 11,652 | ||||
General Dynamics Corp. | 51,121 | 11,651 | ||||
Union Pacific Corp. | 55,202 | 11,442 | ||||
Intel Corp. | 425,756 | 10,614 | ||||
Bank of America Corp. | 294,012 | 10,085 | ||||
Raytheon Technologies Corp. | 95,528 | 9,370 | ||||
Baxter International Inc. | 223,882 | 8,944 | ||||
Comcast Corp. Class A | 226,281 | 8,411 | ||||
Pioneer Natural Resources Co. | 39,217 | 7,860 | ||||
Honeywell International Inc. | 32,496 | 6,222 | ||||
Gilead Sciences Inc. | 71,610 | 5,767 | ||||
Eli Lilly & Co. | 17,956 | 5,588 | ||||
KLA Corp. | 13,425 | 5,093 | ||||
PepsiCo Inc. | 29,205 | 5,068 | ||||
McDonald's Corp. | 17,775 | 4,691 | ||||
Marsh & McLennan Cos. Inc. | 19,196 | 3,112 | ||||
American Tower Corp. | 12,202 | 2,416 | ||||
673,317 | ||||||
Total Common Stocks (Cost $1,000,907) | 1,216,256 | |||||
Coupon | Maturity Date | Face Amount ($000) | ||||
U.S. Government and Agency Obligations (7.9%) | ||||||
1,2 | Fannie Mae REMICS | 2.000% | 9/25/40 | 29 | 28 | |
1,2 | Fannie Mae REMICS | 2.500% | 5/25/45 | 217 | 193 | |
1,2 | Fannie Mae REMICS | 3.000% | 3/25/45–2/25/49 | 1,688 | 1,441 | |
1,2 | Fannie Mae REMICS | 3.500% | 6/25/44 | 81 | 76 | |
1,2 | Freddie Mac REMICS | 1.750% | 9/15/42 | 559 | 505 | |
1,2 | Freddie Mac REMICS | 2.000% | 7/25/50 | 1,232 | 1,064 | |
1,2 | Freddie Mac REMICS | 3.500% | 11/15/40 | 8 | 7 | |
1,2 | Freddie Mac REMICS | 4.000% | 12/15/39–9/15/41 | 1,222 | 1,171 | |
1,3 | Ginnie Mae II Pool | 2.000% | 3/15/53 | 1,325 | 1,109 | |
1,3 | Ginnie Mae II Pool | 2.500% | 3/15/53 | 2,100 | 1,814 | |
1,3 | Ginnie Mae II Pool | 3.000% | 3/15/53 | 2,350 | 2,095 | |
1,3 | Ginnie Mae II Pool | 3.500% | 3/15/53 | 3,215 | 2,954 | |
1,3 | Ginnie Mae II Pool | 4.000% | 3/15/53 | 1,550 | 1,464 | |
1 | Ginnie Mae REMICS | 2.750% | 9/20/44 | 66 | 63 | |
1,2,3 | UMBS Pool | 2.000% | 4/01/41–3/25/53 | 10,560 | 8,697 | |
1,2 | UMBS Pool | 2.500% | 5/01/51–11/01/51 | 6,019 | 5,168 | |
1,2 | UMBS Pool | 3.000% | 10/1/51 | 2,384 | 2,126 | |
1,2,3 | UMBS Pool | 3.500% | 7/01/51–3/25/53 | 2,282 | 2,108 | |
1,2,3 | UMBS Pool | 4.000% | 3/25/53 | 2,275 | 2,134 | |
1,2,3 | UMBS Pool | 4.500% | 3/25/53 | 8,250 | 7,943 | |
1,2,3 | UMBS Pool | 5.000% | 3/25/53 | 7,350 | 7,220 | |
1,2,3 | UMBS Pool | 5.500% | 3/25/53 | 660 | 659 | |
United States Treasury Note/Bond | 0.375% | 1/31/26 | 285 | 253 | ||
United States Treasury Note/Bond | 0.625% | 10/15/24 | 7,291 | 6,799 | ||
United States Treasury Note/Bond | 0.750% | 11/15/24 | 1,596 | 1,487 | ||
United States Treasury Note/Bond | 0.875% | 9/30/26 | 75 | 66 | ||
United States Treasury Note/Bond | 1.000% | 12/15/24 | 2,000 | 1,867 | ||
4 | United States Treasury Note/Bond | 1.125% | 1/15/25 | 2,757 | 2,574 | |
United States Treasury Note/Bond | 1.250% | 11/30/26–12/31/26 | 17,022 | 15,179 | ||
United States Treasury Note/Bond | 1.500% | 1/31/27 | 334 | 300 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 1.750% | 8/15/41 | 750 | 519 | ||
United States Treasury Note/Bond | 2.000% | 11/15/41 | 13,245 | 9,561 | ||
United States Treasury Note/Bond | 2.375% | 2/15/42 | 2,120 | 1,631 | ||
United States Treasury Note/Bond | 2.500% | 4/30/24–3/31/27 | 1,570 | 1,477 | ||
United States Treasury Note/Bond | 2.625% | 4/15/25 | 1,015 | 971 | ||
United States Treasury Note/Bond | 2.875% | 5/15/52 | 477 | 391 | ||
United States Treasury Note/Bond | 3.250% | 8/31/24–5/15/42 | 1,824 | 1,695 | ||
United States Treasury Note/Bond | 3.375% | 8/15/42 | 1,129 | 1,016 | ||
United States Treasury Note/Bond | 3.500% | 1/31/28–2/15/33 | 4,908 | 4,754 | ||
United States Treasury Note/Bond | 3.625% | 2/15/53 | 2,550 | 2,428 | ||
United States Treasury Note/Bond | 3.875% | 11/30/27–2/15/43 | 4,257 | 4,175 | ||
United States Treasury Note/Bond | 4.000% | 12/15/25–11/15/52 | 29,139 | 29,014 | ||
United States Treasury Note/Bond | 4.250% | 9/30/24–10/15/25 | 12,000 | 11,870 | ||
Total U.S. Government and Agency Obligations (Cost $158,157) | 148,066 | |||||
Asset-Backed/Commercial Mortgage-Backed Securities (0.6%) | ||||||
Bermuda (0.0%) | ||||||
1,5 | Start II Ltd. Series 2019-1 | 4.089% | 3/15/44 | 121 | 104 | |
Cayman Islands (0.0%) | ||||||
1,5 | Horizon Aircraft Finance II Ltd. Series 2019-1 | 3.721% | 7/15/39 | 194 | 165 | |
United States (0.6%) | ||||||
1,5 | Aaset Trust Series 2019-1 | 3.844% | 5/15/39 | 108 | 76 | |
1,5 | Aligned Data Centers Issuer LLC Series 2021-1A | 1.937% | 8/15/46 | 1,260 | 1,097 | |
1,5,6 | BX Trust Series 2021-ARIA, 1M USD LIBOR + 1.297% | 5.885% | 10/15/36 | 1,290 | 1,246 | |
1,5,6 | BX Trust Series 2021-LGCY, 1M USD LIBOR + 0.506% | 5.094% | 10/15/36 | 2,930 | 2,846 | |
1,5 | Castlelake Aircraft Structured Trust Series 2019-1A | 3.967% | 4/15/39 | 165 | 144 | |
1,5,6 | Connecticut Avenue Securities Trust Series 2021-R01, SOFR30A + 1.550% | 6.034% | 10/25/41 | 250 | 248 | |
1,2 | Fannie Mae-Aces Series 2021-M2S | 2.386% | 10/25/36 | 649 | 505 | |
1 | Ford Credit Auto Lease Trust Series 2021-A | 0.780% | 9/15/25 | 280 | 276 | |
1,2 | Freddie Mac Multifamily Structured Pass-Through Certificates Series K142 | 2.400% | 3/25/32 | 1,600 | 1,354 | |
1,2,5,6 | Freddie Mac STACR REMICS Trust Series 2020-DNA5, SOFR30A + 2.800% | 7.284% | 10/25/50 | 360 | 364 | |
1,5 | Home Partners of America Trust Series 2021-2 | 2.302% | 12/17/26 | 1,178 | 1,031 | |
1,5 | New Economy Assets Phase 1 Sponsor LLC Series 2021-1 | 2.410% | 10/20/61 | 425 | 357 | |
1 | Seasoned Credit Risk Transfer Trust Series 2019-3 | 3.500% | 10/25/58 | 127 | 122 | |
1,5,6 | SREIT Trust Series 2021-MFP, 1M USD LIBOR + 1.080% | 5.668% | 11/15/38 | 1,550 | 1,509 | |
1,5 | Towd Point Mortgage Trust Series 2018-1 | 3.000% | 1/25/58 | 70 | 66 | |
11,241 | ||||||
Total Asset-Backed/Commercial Mortgage-Backed Securities (Cost $12,404) | 11,510 | |||||
Corporate Bonds (20.1%) | ||||||
Australia (0.1%) | ||||||
5 | CSL Finance plc | 4.250% | 4/27/32 | 1,200 | 1,124 | |
Austria (0.1%) | ||||||
5 | JAB Holdings BV | 2.200% | 11/23/30 | 430 | 331 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
5 | JAB Holdings BV | 3.750% | 5/28/51 | 805 | 516 | |
5 | JAB Holdings BV | 4.500% | 4/8/52 | 875 | 639 | |
1,486 | ||||||
Belgium (0.2%) | ||||||
1,7 | Anheuser-Busch InBev SA/NV | 1.650% | 3/28/31 | 635 | 572 | |
1,7 | Anheuser-Busch InBev SA/NV | 2.750% | 3/17/36 | 1,350 | 1,230 | |
Anheuser-Busch InBev Worldwide Inc. | 4.375% | 4/15/38 | 670 | 598 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.600% | 4/15/48 | 124 | 109 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.550% | 1/23/49 | 760 | 766 | ||
5 | KBC Group NV | 5.796% | 1/19/29 | 255 | 253 | |
3,528 | ||||||
Canada (0.2%) | ||||||
8 | Bank of Montreal | 2.850% | 3/6/24 | 3,185 | 2,283 | |
Fortis Inc. | 3.055% | 10/4/26 | 775 | 720 | ||
TransCanada PipeLines Ltd. | 4.875% | 1/15/26 | 400 | 394 | ||
3,397 | ||||||
Denmark (0.4%) | ||||||
7 | Danske Bank A/S | 0.500% | 8/27/25 | 2,450 | 2,438 | |
5 | Danske Bank A/S | 6.466% | 1/9/26 | 2,900 | 2,921 | |
5 | Danske Bank A/S | 1.621% | 9/11/26 | 1,320 | 1,184 | |
1,9 | Danske Bank A/S | 2.250% | 1/14/28 | 1,440 | 1,508 | |
8,051 | ||||||
France (1.1%) | ||||||
1,7 | APRR SA | 1.500% | 1/25/30 | 100 | 92 | |
1,7 | APRR SA | 1.625% | 1/13/32 | 100 | 88 | |
1,7 | AXA SA | 5.125% | 7/4/43 | 600 | 635 | |
7 | Banque Federative du Credit Mutuel SA | 3.875% | 6/16/32 | 3,000 | 2,977 | |
5 | BNP Paribas SA | 2.819% | 11/19/25 | 470 | 447 | |
5 | BNP Paribas SA | 2.219% | 6/9/26 | 1,095 | 1,013 | |
1,7 | BNP Paribas SA | 0.125% | 9/4/26 | 600 | 558 | |
5 | BNP Paribas SA | 2.591% | 1/20/28 | 2,065 | 1,831 | |
5 | BNP Paribas SA | 2.159% | 9/15/29 | 1,800 | 1,490 | |
1,7 | BNP Paribas SA | 1.125% | 1/15/32 | 800 | 715 | |
1,7 | BPCE SA | 0.500% | 9/15/27 | 3,700 | 3,384 | |
5 | BPCE SA | 3.250% | 1/11/28 | 525 | 475 | |
5 | BPCE SA | 2.277% | 1/20/32 | 1,100 | 843 | |
5 | Danone SA | 2.947% | 11/2/26 | 555 | 515 | |
1,7 | Engie SA | 2.000% | 9/28/37 | 1,300 | 1,028 | |
1,7 | Orange SA | 1.000% | 5/12/25 | 1,300 | 1,295 | |
1,7 | RCI Banque SA | 1.375% | 3/8/24 | 1,400 | 1,441 | |
1,7 | RCI Banque SA | 1.625% | 4/11/25 | 220 | 220 | |
7 | Societe Generale SFH SA | 0.750% | 1/29/27 | 1,500 | 1,426 | |
1,7 | Suez SACA | 2.875% | 5/24/34 | 1,100 | 997 | |
21,470 | ||||||
Germany (0.7%) | ||||||
5 | Bayer US Finance II LLC | 4.250% | 12/15/25 | 1,000 | 967 | |
5 | Bayer US Finance LLC | 3.375% | 10/8/24 | 770 | 746 | |
5 | Daimler Truck Finance North America LLC | 5.150% | 1/16/26 | 580 | 574 | |
5 | Daimler Truck Finance North America LLC | 5.125% | 1/19/28 | 185 | 182 | |
1,7 | Deutsche Bank AG | 1.875% | 2/23/28 | 3,200 | 2,986 | |
Deutsche Bank AG | 6.720% | 1/18/29 | 845 | 854 | ||
1,9 | E.ON International Finance BV | 6.250% | 6/3/30 | 295 | 372 | |
1,9 | E.ON International Finance BV | 6.375% | 6/7/32 | 345 | 444 | |
1,7 | Volkswagen Financial Services AG | 0.125% | 2/12/27 | 315 | 283 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1,7 | Volkswagen Leasing GmbH | 2.625% | 1/15/24 | 425 | 445 | |
1,7 | Volkswagen Leasing GmbH | 1.375% | 1/20/25 | 3,100 | 3,122 | |
7 | Wintershall Dea Finance BV | 1.823% | 9/25/31 | 1,900 | 1,561 | |
12,536 | ||||||
Ireland (0.1%) | ||||||
AerCap Ireland Capital DAC | 3.000% | 10/29/28 | 2,116 | 1,803 | ||
5 | Avolon Holdings Funding Ltd. | 2.125% | 2/21/26 | 642 | 563 | |
2,366 | ||||||
Italy (0.3%) | ||||||
7 | Autostrade per l'Italia SpA | 2.000% | 12/4/28 | 4,555 | 4,066 | |
7 | Autostrade per l'Italia SpA | 2.000% | 1/15/30 | 800 | 687 | |
4,753 | ||||||
Japan (0.3%) | ||||||
5 | NTT Finance Corp. | 1.162% | 4/3/26 | 1,180 | 1,041 | |
5 | NTT Finance Corp. | 2.065% | 4/3/31 | 4,470 | 3,613 | |
4,654 | ||||||
Mexico (0.0%) | ||||||
America Movil SAB de CV | 3.625% | 4/22/29 | 275 | 250 | ||
America Movil SAB de CV | 6.375% | 3/1/35 | 350 | 379 | ||
629 | ||||||
Netherlands (0.3%) | ||||||
1,9 | Cooperatieve Rabobank UA | 4.625% | 5/23/29 | 100 | 112 | |
1,7 | Cooperatieve Rabobank UA | 0.010% | 7/2/30 | 1,900 | 1,580 | |
7 | ING Groep NV | 0.250% | 2/18/29 | 1,100 | 940 | |
7 | ING Groep NV | 0.250% | 2/1/30 | 1,200 | 983 | |
1,7 | Koninklijke KPN NV | 0.875% | 11/15/33 | 1,100 | 845 | |
Shell International Finance BV | 4.000% | 5/10/46 | 300 | 249 | ||
Shell International Finance BV | 3.000% | 11/26/51 | 1,215 | 839 | ||
5,548 | ||||||
Norway (0.5%) | ||||||
1,7 | Aker BP ASA | 1.125% | 5/12/29 | 1,950 | 1,687 | |
5 | Aker BP ASA | 3.750% | 1/15/30 | 5,255 | 4,634 | |
5 | Aker BP ASA | 4.000% | 1/15/31 | 1,090 | 959 | |
5 | Var Energi ASA | 8.000% | 11/15/32 | 1,675 | 1,754 | |
9,034 | ||||||
Portugal (0.1%) | ||||||
1,7 | EDP Finance BV | 1.875% | 9/21/29 | 2,000 | 1,861 | |
Saudi Arabia (0.3%) | ||||||
5 | EIG Pearl Holdings Sarl | 3.545% | 8/31/36 | 4,272 | 3,574 | |
5 | Greensaif Pipelines Bidco Sarl | 6.129% | 2/23/38 | 1,290 | 1,294 | |
5 | Greensaif Pipelines Bidco Sarl | 6.510% | 2/23/42 | 975 | 990 | |
5,858 | ||||||
South Korea (0.0%) | ||||||
5 | SK Telecom Co. Ltd. | 3.750% | 4/16/23 | 200 | 200 | |
Spain (0.1%) | ||||||
1,7 | Iberdrola Finanzas SA | 1.250% | 10/28/26 | 1,300 | 1,271 | |
Telefonica Emisiones SA | 4.665% | 3/6/38 | 1,055 | 871 | ||
2,142 | ||||||
Sweden (0.1%) | ||||||
1,7 | Volvo Treasury AB | 2.000% | 8/19/27 | 2,025 | 1,976 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Switzerland (0.6%) | ||||||
5 | Alcon Finance Corp. | 3.000% | 9/23/29 | 5,400 | 4,704 | |
5 | Alcon Finance Corp. | 5.750% | 12/6/52 | 200 | 203 | |
Credit Suisse AG | 7.500% | 2/15/28 | 3,654 | 3,687 | ||
1,7 | Credit Suisse Group AG | 1.250% | 7/17/25 | 675 | 653 | |
7 | Credit Suisse Group AG | 2.875% | 4/2/32 | 620 | 481 | |
7 | UBS Group AG | 0.250% | 2/24/28 | 1,600 | 1,395 | |
11,123 | ||||||
United Arab Emirates (0.3%) | ||||||
5 | DAE Funding LLC | 1.550% | 8/1/24 | 1,915 | 1,793 | |
5 | Galaxy Pipeline Assets Bidco Ltd. | 2.160% | 3/31/34 | 4,216 | 3,564 | |
5,357 | ||||||
United Kingdom (1.7%) | ||||||
5 | Ashtead Capital Inc. | 2.450% | 8/12/31 | 2,368 | 1,817 | |
5 | Ashtead Capital Inc. | 5.500% | 8/11/32 | 600 | 575 | |
5 | Ashtead Capital Inc. | 5.550% | 5/30/33 | 385 | 370 | |
AstraZeneca plc | 4.000% | 1/17/29 | 755 | 724 | ||
1 | Barclays plc | 4.338% | 5/16/24 | 1,443 | 1,437 | |
Barclays plc | 2.894% | 11/24/32 | 1,350 | 1,051 | ||
1,9 | Barclays plc | 3.250% | 1/17/33 | 1,480 | 1,419 | |
1,7 | Barclays plc | 5.262% | 1/29/34 | 1,400 | 1,489 | |
1,8 | BP Capital Markets plc | 3.470% | 5/15/25 | 1,350 | 961 | |
5 | CK Hutchison International 17 II Ltd. | 2.750% | 3/29/23 | 1,275 | 1,272 | |
1,7 | Diageo Finance plc | 2.500% | 3/27/32 | 1,635 | 1,564 | |
1,9 | Heathrow Funding Ltd. | 2.750% | 10/13/29 | 2,600 | 2,643 | |
1,9 | Heathrow Funding Ltd. | 2.750% | 8/9/49 | 575 | 417 | |
1,9 | HSBC Holdings plc | 2.256% | 11/13/26 | 600 | 659 | |
9 | HSBC Holdings plc | 1.750% | 7/24/27 | 500 | 529 | |
1 | HSBC Holdings plc | 4.041% | 3/13/28 | 1,160 | 1,083 | |
HSBC Holdings plc | 7.390% | 11/3/28 | 1,451 | 1,533 | ||
1,9 | National Grid Electricity Transmission plc | 2.000% | 9/16/38 | 1,145 | 877 | |
1,9 | National Grid Electricity Transmission plc | 2.000% | 4/17/40 | 890 | 662 | |
1,7 | NatWest Group plc | 1.750% | 3/2/26 | 3,125 | 3,124 | |
1,7 | NatWest Group plc | 0.780% | 2/26/30 | 330 | 278 | |
9 | NatWest Group plc | 3.622% | 8/14/30 | 1,640 | 1,846 | |
1,7 | NatWest Group plc | 1.043% | 9/14/32 | 925 | 796 | |
Santander UK Group Holdings plc | 1.089% | 3/15/25 | 3,210 | 3,042 | ||
1,9 | Scottish Hydro Electric Transmission plc | 2.250% | 9/27/35 | 985 | 859 | |
1,7 | SSE plc | 1.750% | 4/16/30 | 885 | 806 | |
5 | Standard Chartered plc | 0.991% | 1/12/25 | 815 | 780 | |
32,613 | ||||||
United States (12.6%) | ||||||
1 | Alabama Power Co. | 4.300% | 7/15/48 | 255 | 214 | |
Amazon.com Inc. | 4.800% | 12/5/34 | 300 | 300 | ||
American Electric Power Co. Inc. | 3.200% | 11/13/27 | 950 | 872 | ||
American International Group Inc. | 3.400% | 6/30/30 | 5,810 | 5,152 | ||
American International Group Inc. | 4.750% | 4/1/48 | 45 | 40 | ||
American International Group Inc. | 4.375% | 6/30/50 | 570 | 480 | ||
5 | American Transmission Systems Inc. | 2.650% | 1/15/32 | 1,070 | 877 | |
American Water Capital Corp. | 2.300% | 6/1/31 | 2,575 | 2,099 | ||
American Water Capital Corp. | 4.450% | 6/1/32 | 1,515 | 1,442 | ||
3 | Amgen Inc. | 5.250% | 3/2/30 | 715 | 711 | |
3 | Amgen Inc. | 5.600% | 3/2/43 | 1,900 | 1,877 | |
Amgen Inc. | 4.400% | 5/1/45 | 1,806 | 1,510 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Amgen Inc. | 4.200% | 2/22/52 | 160 | 129 | ||
3 | Amgen Inc. | 5.750% | 3/2/63 | 300 | 296 | |
7 | AT&T Inc. | 2.050% | 5/19/32 | 475 | 418 | |
7 | AT&T Inc. | 3.150% | 9/4/36 | 575 | 522 | |
7 | AT&T Inc. | 2.600% | 5/19/38 | 425 | 352 | |
AT&T Inc. | 3.500% | 6/1/41 | 1,245 | 934 | ||
AT&T Inc. | 3.500% | 9/15/53 | 2,620 | 1,799 | ||
5 | Athene Global Funding | 2.500% | 1/14/25 | 3,035 | 2,841 | |
5 | Athene Global Funding | 2.500% | 3/24/28 | 2,555 | 2,172 | |
Bank of America Corp. | 2.687% | 4/22/32 | 1,320 | 1,071 | ||
1,7 | Bank of America Corp. | 1.102% | 5/24/32 | 1,575 | 1,288 | |
Bank of America Corp. | 2.482% | 9/21/36 | 3,585 | 2,685 | ||
Bank of America Corp. | 3.846% | 3/8/37 | 1,461 | 1,232 | ||
Bank of America Corp. | 3.311% | 4/22/42 | 1,100 | 819 | ||
7 | Becton Dickinson Euro Finance Sarl | 0.334% | 8/13/28 | 1,600 | 1,395 | |
1 | Bon Secours Mercy Health Inc. | 3.555% | 8/1/27 | 410 | 380 | |
1 | Bon Secours Mercy Health Inc. | 4.302% | 7/1/28 | 140 | 133 | |
1 | Bon Secours Mercy Health Inc. | 2.095% | 6/1/31 | 415 | 328 | |
7 | Booking Holdings Inc. | 4.500% | 11/15/31 | 2,065 | 2,216 | |
5 | Boston Gas Co. | 3.001% | 8/1/29 | 130 | 112 | |
BP Capital Markets America Inc. | 4.812% | 2/13/33 | 2,220 | 2,181 | ||
BP Capital Markets America Inc. | 2.939% | 6/4/51 | 1,930 | 1,282 | ||
Brandywine Operating Partnership LP | 3.950% | 11/15/27 | 890 | 751 | ||
Brixmor Operating Partnership LP | 2.500% | 8/16/31 | 805 | 625 | ||
Broadcom Corp. | 3.500% | 1/15/28 | 2,196 | 2,006 | ||
5 | Brooklyn Union Gas Co. | 4.273% | 3/15/48 | 965 | 740 | |
Carrier Global Corp. | 2.722% | 2/15/30 | 648 | 547 | ||
Carrier Global Corp. | 3.377% | 4/5/40 | 250 | 187 | ||
CenterPoint Energy Resources Corp. | 5.250% | 3/1/28 | 2,147 | 2,145 | ||
CenterPoint Energy Resources Corp. | 5.400% | 3/1/33 | 4,577 | 4,635 | ||
Charter Communications Operating LLC | 2.250% | 1/15/29 | 215 | 172 | ||
Charter Communications Operating LLC | 5.050% | 3/30/29 | 595 | 555 | ||
Charter Communications Operating LLC | 6.384% | 10/23/35 | 355 | 340 | ||
Charter Communications Operating LLC | 3.700% | 4/1/51 | 610 | 372 | ||
Cigna Group | 4.375% | 10/15/28 | 420 | 403 | ||
Cigna Group | 2.400% | 3/15/30 | 310 | 258 | ||
Citigroup Inc. | 4.600% | 3/9/26 | 535 | 521 | ||
Cleco Corporate Holdings LLC | 3.375% | 9/15/29 | 325 | 273 | ||
7 | Coca-Cola Co. | 1.100% | 9/2/36 | 1,625 | 1,215 | |
Comcast Corp. | 3.950% | 10/15/25 | 250 | 243 | ||
Comcast Corp. | 6.500% | 11/15/35 | 178 | 197 | ||
Comcast Corp. | 4.000% | 3/1/48 | 40 | 32 | ||
Comcast Corp. | 3.999% | 11/1/49 | 120 | 97 | ||
Comcast Corp. | 2.887% | 11/1/51 | 1,417 | 917 | ||
Comcast Corp. | 4.049% | 11/1/52 | 11 | 9 | ||
Comcast Corp. | 2.937% | 11/1/56 | 190 | 119 | ||
Comcast Corp. | 2.650% | 8/15/62 | 25 | 14 | ||
Comcast Corp. | 2.987% | 11/1/63 | 11 | 7 | ||
CommonSpirit Health | 4.200% | 8/1/23 | 770 | 765 | ||
CommonSpirit Health | 3.347% | 10/1/29 | 110 | 96 | ||
CommonSpirit Health | 4.187% | 10/1/49 | 330 | 263 | ||
Commonwealth Edison Co. | 3.650% | 6/15/46 | 35 | 27 | ||
Commonwealth Edison Co. | 4.000% | 3/1/48 | 245 | 201 | ||
1 | Consolidated Edison Co. of New York Inc. | 6.300% | 8/15/37 | 75 | 81 | |
Consolidated Edison Co. of New York Inc. | 3.200% | 12/1/51 | 990 | 682 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Consolidated Edison Co. of New York Inc. | 4.625% | 12/1/54 | 290 | 247 | ||
Consolidated Edison Co. of New York Inc. | 4.500% | 5/15/58 | 150 | 125 | ||
5 | Corebridge Financial Inc. | 3.900% | 4/5/32 | 2,868 | 2,510 | |
5 | Cox Communications Inc. | 3.500% | 8/15/27 | 2,665 | 2,471 | |
5 | Cox Communications Inc. | 4.800% | 2/1/35 | 100 | 89 | |
Crown Castle Inc. | 2.100% | 4/1/31 | 2,264 | 1,774 | ||
Crown Castle Inc. | 2.900% | 4/1/41 | 420 | 286 | ||
CubeSmart LP | 2.250% | 12/15/28 | 995 | 833 | ||
CVS Health Corp. | 2.875% | 6/1/26 | 1,455 | 1,353 | ||
CVS Health Corp. | 4.300% | 3/25/28 | 113 | 108 | ||
CVS Health Corp. | 5.250% | 2/21/33 | 2,755 | 2,711 | ||
CVS Health Corp. | 4.125% | 4/1/40 | 235 | 193 | ||
CVS Health Corp. | 5.050% | 3/25/48 | 125 | 112 | ||
7 | DH Europe Finance II Sarl | 0.750% | 9/18/31 | 255 | 207 | |
Dignity Health | 3.812% | 11/1/24 | 594 | 578 | ||
Discovery Communications LLC | 4.125% | 5/15/29 | 186 | 167 | ||
Discovery Communications LLC | 3.625% | 5/15/30 | 995 | 851 | ||
1 | Dominion Energy Inc. | 3.375% | 4/1/30 | 259 | 227 | |
Dominion Energy Inc. | 5.375% | 11/15/32 | 2,853 | 2,800 | ||
1 | Dominion Energy Inc. | 4.850% | 8/15/52 | 215 | 187 | |
Dominion Energy South Carolina Inc. | 6.625% | 2/1/32 | 156 | 172 | ||
Dominion Energy South Carolina Inc. | 5.300% | 5/15/33 | 113 | 114 | ||
Dominion Energy South Carolina Inc. | 5.450% | 2/1/41 | 300 | 296 | ||
Dominion Energy South Carolina Inc. | 4.600% | 6/15/43 | 230 | 205 | ||
Duke Energy Corp. | 2.550% | 6/15/31 | 900 | 725 | ||
Duke Energy Corp. | 4.500% | 8/15/32 | 2,770 | 2,565 | ||
Duke Energy Progress LLC | 3.400% | 4/1/32 | 475 | 417 | ||
1 | Eastern Gas Transmission & Storage Inc. | 4.600% | 12/15/44 | 660 | 551 | |
Eaton Corp. | 4.150% | 3/15/33 | 680 | 626 | ||
Eaton Corp. | 4.700% | 8/23/52 | 145 | 132 | ||
Energy Transfer LP | 4.900% | 3/15/35 | 1,075 | 964 | ||
Enterprise Products Operating LLC | 5.350% | 1/31/33 | 4,066 | 4,063 | ||
5 | Equitable Financial Life Global Funding | 1.400% | 7/7/25 | 150 | 136 | |
5 | Equitable Financial Life Global Funding | 1.300% | 7/12/26 | 1,020 | 888 | |
5 | Equitable Financial Life Global Funding | 1.400% | 8/27/27 | 825 | 690 | |
5 | ERAC USA Finance LLC | 3.300% | 12/1/26 | 300 | 277 | |
5 | ERAC USA Finance LLC | 4.500% | 2/15/45 | 455 | 390 | |
Evergy Kansas Central Inc. | 3.250% | 9/1/49 | 235 | 166 | ||
1 | Evergy Metro Inc. | 2.250% | 6/1/30 | 245 | 202 | |
Exxon Mobil Corp. | 2.275% | 8/16/26 | 1,075 | 986 | ||
Exxon Mobil Corp. | 2.610% | 10/15/30 | 190 | 165 | ||
3 | Florida Power & Light Co. | 5.050% | 4/1/28 | 245 | 245 | |
3 | Florida Power & Light Co. | 5.100% | 4/1/33 | 930 | 929 | |
3 | Florida Power & Light Co. | 5.300% | 4/1/53 | 345 | 343 | |
7 | General Mills Inc. | 0.450% | 1/15/26 | 1,275 | 1,224 | |
5 | Genting New York LLC | 3.300% | 2/15/26 | 1,668 | 1,466 | |
Georgia Power Co. | 4.700% | 5/15/32 | 3,021 | 2,872 | ||
Georgia Power Co. | 4.300% | 3/15/42 | 860 | 724 | ||
Goldman Sachs Group Inc. | 5.700% | 11/1/24 | 2,773 | 2,790 | ||
1 | Goldman Sachs Group Inc. | 3.272% | 9/29/25 | 1,375 | 1,322 | |
Goldman Sachs Group Inc. | 1.431% | 3/9/27 | 3,610 | 3,182 | ||
Goldman Sachs Group Inc. | 2.615% | 4/22/32 | 885 | 711 | ||
Goldman Sachs Group Inc. | 2.383% | 7/21/32 | 960 | 754 | ||
Goldman Sachs Group Inc. | 2.650% | 10/21/32 | 2,075 | 1,655 | ||
5 | Gray Oak Pipeline LLC | 2.600% | 10/15/25 | 436 | 395 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
5 | Gray Oak Pipeline LLC | 3.450% | 10/15/27 | 70 | 62 | |
HCA Inc. | 5.250% | 6/15/49 | 575 | 496 | ||
5 | HCA Inc. | 4.625% | 3/15/52 | 665 | 523 | |
Healthpeak Properties Interim Inc. | 3.500% | 7/15/29 | 335 | 299 | ||
Hess Corp. | 7.300% | 8/15/31 | 1,120 | 1,215 | ||
7 | Honeywell International Inc. | 4.125% | 11/2/34 | 2,450 | 2,561 | |
Intel Corp. | 5.625% | 2/10/43 | 95 | 93 | ||
Intel Corp. | 4.900% | 8/5/52 | 1,556 | 1,378 | ||
Intel Corp. | 5.700% | 2/10/53 | 975 | 953 | ||
Intercontinental Exchange Inc. | 4.350% | 6/15/29 | 8,183 | 7,924 | ||
Intercontinental Exchange Inc. | 4.950% | 6/15/52 | 355 | 336 | ||
International Business Machines Corp. | 3.300% | 5/15/26 | 550 | 520 | ||
5 | ITC Holdings Corp. | 4.950% | 9/22/27 | 530 | 523 | |
1 | John Deere Capital Corp. | 3.450% | 3/13/25 | 985 | 954 | |
JPMorgan Chase & Co. | 2.947% | 2/24/28 | 3,750 | 3,402 | ||
JPMorgan Chase & Co. | 4.912% | 7/25/33 | 4,453 | 4,262 | ||
1 | JPMorgan Chase & Co. | 3.964% | 11/15/48 | 975 | 783 | |
1 | Kaiser Foundation Hospitals | 2.810% | 6/1/41 | 1,200 | 881 | |
Kaiser Foundation Hospitals | 4.875% | 4/1/42 | 650 | 636 | ||
5 | KeySpan Gas East Corp. | 2.742% | 8/15/26 | 400 | 358 | |
5 | Liberty Mutual Group Inc. | 4.569% | 2/1/29 | 5,534 | 5,231 | |
M&T Bank Corp. | 5.053% | 1/27/34 | 2,225 | 2,124 | ||
Manufacturers & Traders Trust Co. | 4.700% | 1/27/28 | 1,496 | 1,453 | ||
Marathon Oil Corp. | 6.800% | 3/15/32 | 1,000 | 1,032 | ||
Marathon Oil Corp. | 6.600% | 10/1/37 | 1,000 | 996 | ||
Marsh & McLennan Cos. Inc. | 4.375% | 3/15/29 | 1,010 | 963 | ||
5 | Massachusetts Mutual Life Insurance Co. | 3.375% | 4/15/50 | 550 | 399 | |
McCormick & Co. Inc. | 2.500% | 4/15/30 | 180 | 150 | ||
Memorial Sloan-Kettering Cancer Center | 4.125% | 7/1/52 | 150 | 129 | ||
Merck & Co. Inc. | 3.400% | 3/7/29 | 545 | 506 | ||
Microchip Technology Inc. | 0.972% | 2/15/24 | 1,630 | 1,558 | ||
Microsoft Corp. | 2.921% | 3/17/52 | 1,125 | 809 | ||
MidAmerican Energy Co. | 4.250% | 5/1/46 | 10 | 8 | ||
1,8 | Molson Coors International LP | 2.840% | 7/15/23 | 1,875 | 1,363 | |
1,7 | Mondelez International Holdings Netherlands BV | 0.875% | 10/1/31 | 775 | 634 | |
1,7 | Mondelez International Holdings Netherlands BV | 0.625% | 9/9/32 | 273 | 213 | |
7 | Mondelez International Inc. | 0.250% | 3/17/28 | 975 | 857 | |
1 | Morgan Stanley | 3.125% | 7/27/26 | 1,850 | 1,722 | |
1 | Morgan Stanley | 3.772% | 1/24/29 | 570 | 527 | |
7 | Morgan Stanley | 0.497% | 2/7/31 | 1,050 | 846 | |
1 | Morgan Stanley | 2.511% | 10/20/32 | 4,650 | 3,673 | |
Morgan Stanley | 5.948% | 1/19/38 | 2,218 | 2,162 | ||
National Retail Properties Inc. | 3.900% | 6/15/24 | 805 | 787 | ||
1,9 | Nestle Holdings Inc. | 1.375% | 6/23/33 | 1,015 | 894 | |
3 | NextEra Energy Capital Holdings Inc. | 6.051% | 3/1/25 | 220 | 221 | |
5 | Niagara Mohawk Power Corp. | 1.960% | 6/27/30 | 985 | 783 | |
5 | Northwestern Mutual Life Insurance Co. | 3.850% | 9/30/47 | 230 | 181 | |
5 | Northwestern Mutual Life Insurance Co. | 3.625% | 9/30/59 | 36 | 25 | |
5 | Oglethorpe Power Corp. | 6.191% | 1/1/31 | 210 | 210 | |
Oglethorpe Power Corp. | 5.050% | 10/1/48 | 161 | 140 | ||
Oracle Corp. | 3.400% | 7/8/24 | 575 | 559 | ||
Oracle Corp. | 3.950% | 3/25/51 | 1,025 | 736 | ||
Pacific Gas & Electric Co. | 5.900% | 6/15/32 | 1,165 | 1,125 | ||
Pacific Gas & Electric Co. | 6.150% | 1/15/33 | 2,383 | 2,355 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Pacific Gas & Electric Co. | 4.500% | 7/1/40 | 1,345 | 1,053 | ||
PacifiCorp | 2.700% | 9/15/30 | 205 | 176 | ||
5 | Pennsylvania Electric Co. | 3.250% | 3/15/28 | 1,604 | 1,451 | |
5 | Pennsylvania Electric Co. | 3.600% | 6/1/29 | 208 | 187 | |
5 | Penske Truck Leasing Co. LP | 2.700% | 11/1/24 | 170 | 161 | |
5 | Penske Truck Leasing Co. LP | 3.950% | 3/10/25 | 1,120 | 1,077 | |
5 | Penske Truck Leasing Co. LP | 4.000% | 7/15/25 | 180 | 172 | |
5 | Penske Truck Leasing Co. LP | 5.875% | 11/15/27 | 4,026 | 4,070 | |
Pfizer Inc. | 1.700% | 5/28/30 | 275 | 225 | ||
Philip Morris International Inc. | 5.125% | 11/17/27 | 795 | 792 | ||
Philip Morris International Inc. | 5.625% | 11/17/29 | 545 | 552 | ||
Philip Morris International Inc. | 5.125% | 2/15/30 | 1,465 | 1,434 | ||
Philip Morris International Inc. | 5.750% | 11/17/32 | 1,310 | 1,325 | ||
Philip Morris International Inc. | 5.375% | 2/15/33 | 4,767 | 4,687 | ||
Piedmont Natural Gas Co. Inc. | 5.050% | 5/15/52 | 665 | 607 | ||
3 | PPL Electric Utilities Corp. | 5.250% | 5/15/53 | 940 | 927 | |
Progressive Corp. | 3.950% | 3/26/50 | 465 | 379 | ||
1 | Providence St. Joseph Health Obligated Group | 3.930% | 10/1/48 | 225 | 175 | |
1 | Prudential Financial Inc. | 3.700% | 3/13/51 | 1,510 | 1,153 | |
QUALCOMM Inc. | 4.250% | 5/20/32 | 1,105 | 1,058 | ||
QUALCOMM Inc. | 4.500% | 5/20/52 | 295 | 262 | ||
Raytheon Technologies Corp. | 3.950% | 8/16/25 | 285 | 277 | ||
Raytheon Technologies Corp. | 4.450% | 11/16/38 | 725 | 655 | ||
Realty Income Corp. | 3.400% | 1/15/28 | 535 | 496 | ||
Realty Income Corp. | 2.200% | 6/15/28 | 285 | 246 | ||
Realty Income Corp. | 3.100% | 12/15/29 | 830 | 730 | ||
Realty Income Corp. | 2.850% | 12/15/32 | 120 | 98 | ||
9 | Realty Income Corp. | 1.750% | 7/13/33 | 1,075 | 921 | |
5 | S&P Global Inc. | 2.700% | 3/1/29 | 700 | 615 | |
5 | S&P Global Inc. | 2.900% | 3/1/32 | 705 | 602 | |
5 | S&P Global Inc. | 3.700% | 3/1/52 | 245 | 194 | |
1 | San Diego Gas & Electric Co. | 4.100% | 6/15/49 | 261 | 212 | |
5 | SBA Tower Trust | 1.884% | 1/15/26 | 245 | 217 | |
5 | SBA Tower Trust | 1.631% | 11/15/26 | 2,265 | 1,925 | |
1 | SCE Recovery Funding LLC | 0.861% | 11/15/31 | 347 | 289 | |
1 | SCE Recovery Funding LLC | 1.942% | 5/15/38 | 165 | 116 | |
1 | SCE Recovery Funding LLC | 2.510% | 11/15/43 | 95 | 63 | |
Sempra Energy | 3.250% | 6/15/27 | 1,050 | 966 | ||
Sierra Pacific Power Co. | 2.600% | 5/1/26 | 149 | 138 | ||
1 | Southern California Edison Co. | 3.700% | 8/1/25 | 30 | 29 | |
Southern California Edison Co. | 5.950% | 11/1/32 | 2,335 | 2,432 | ||
1 | Southern California Edison Co. | 2.950% | 2/1/51 | 790 | 508 | |
Southern California Gas Co. | 2.950% | 4/15/27 | 870 | 805 | ||
Southern Co. | 4.400% | 7/1/46 | 5 | 4 | ||
5 | Sprint Spectrum Co. LLC | 4.738% | 3/20/25 | 453 | 447 | |
1 | SSM Health Care Corp. | 3.823% | 6/1/27 | 320 | 302 | |
1 | Sutter Health | 2.294% | 8/15/30 | 360 | 297 | |
Teledyne Technologies Inc. | 2.250% | 4/1/28 | 985 | 852 | ||
Teledyne Technologies Inc. | 2.750% | 4/1/31 | 790 | 646 | ||
5 | Texas Electric Market Stabilization Funding N LLC | 4.265% | 8/1/34 | 1,565 | 1,475 | |
7 | Thermo Fisher Scientific Inc. | 3.650% | 11/21/34 | 2,735 | 2,776 | |
T-Mobile USA Inc. | 2.050% | 2/15/28 | 1,975 | 1,696 | ||
T-Mobile USA Inc. | 3.375% | 4/15/29 | 1,140 | 1,009 | ||
T-Mobile USA Inc. | 2.700% | 3/15/32 | 2,160 | 1,749 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Toledo Hospital | 5.750% | 11/15/38 | 205 | 198 | ||
3 | Trane Technologies Financing Ltd. | 5.250% | 3/3/33 | 725 | 721 | |
1 | United Airlines Pass-Through Trust Class B Series 2018-1 | 4.600% | 3/1/26 | 44 | 42 | |
UnitedHealth Group Inc. | 3.850% | 6/15/28 | 820 | 778 | ||
UnitedHealth Group Inc. | 2.000% | 5/15/30 | 240 | 197 | ||
UnitedHealth Group Inc. | 4.200% | 5/15/32 | 495 | 466 | ||
UnitedHealth Group Inc. | 4.625% | 7/15/35 | 75 | 72 | ||
UnitedHealth Group Inc. | 4.200% | 1/15/47 | 65 | 56 | ||
UnitedHealth Group Inc. | 4.750% | 5/15/52 | 90 | 83 | ||
US Bancorp | 2.491% | 11/3/36 | 996 | 766 | ||
Verizon Communications Inc. | 1.680% | 10/30/30 | 307 | 237 | ||
Verizon Communications Inc. | 2.355% | 3/15/32 | 2,904 | 2,282 | ||
5 | VICI Properties LP | 4.125% | 8/15/30 | 515 | 448 | |
7 | Visa Inc. | 2.375% | 6/15/34 | 805 | 756 | |
5 | Warnermedia Holdings Inc. | 3.428% | 3/15/24 | 2,935 | 2,867 | |
5 | Warnermedia Holdings Inc. | 4.054% | 3/15/29 | 2,276 | 2,034 | |
1,8 | Wells Fargo & Co. | 2.975% | 5/19/26 | 625 | 431 | |
1 | Wells Fargo & Co. | 3.526% | 3/24/28 | 3,070 | 2,844 | |
1 | Wells Fargo & Co. | 2.879% | 10/30/30 | 435 | 370 | |
1 | Wells Fargo & Co. | 4.611% | 4/25/53 | 905 | 784 | |
236,497 | ||||||
Total Corporate Bonds (Cost $415,602) | 376,203 | |||||
Sovereign Bonds (2.9%) | ||||||
Australia (0.1%) | ||||||
1,10 | Commonwealth of Australia | 2.750% | 11/21/27 | 135 | 87 | |
1,10 | Commonwealth of Australia | 2.250% | 5/21/28 | 1,195 | 751 | |
1,10 | Commonwealth of Australia | 1.000% | 11/21/31 | 3,200 | 1,708 | |
2,546 | ||||||
Bermuda (0.0%) | ||||||
1,5 | Bermuda | 2.375% | 8/20/30 | 200 | 167 | |
1,5 | Bermuda | 3.375% | 8/20/50 | 200 | 139 | |
306 | ||||||
Bulgaria (0.1%) | ||||||
5,7 | Republic of Bulgaria | 4.500% | 1/27/33 | 2,245 | 2,307 | |
Canada (0.7%) | ||||||
8 | Canadian Government Bond | 0.750% | 10/1/24 | 4,565 | 3,165 | |
8 | Canadian Government Bond | 2.750% | 9/1/27 | 1,949 | 1,383 | |
8 | Canadian Government Bond | 1.500% | 6/1/31 | 350 | 222 | |
8 | Canadian Government Bond | 1.500% | 12/1/31 | 1,500 | 946 | |
8 | Canadian Government Bond | 2.000% | 12/1/51 | 250 | 141 | |
8 | City of Montreal | 3.150% | 12/1/36 | 750 | 476 | |
8 | City of Montreal | 3.500% | 12/1/38 | 410 | 266 | |
8 | City of Montreal | 2.400% | 12/1/41 | 1,000 | 530 | |
8 | City of Toronto | 3.200% | 8/1/48 | 1,000 | 583 | |
8 | Municipal Finance Authority of British Columbia | 4.950% | 12/1/27 | 2,200 | 1,684 | |
8 | Province of Ontario | 2.900% | 6/2/28 | 1,910 | 1,337 | |
1,11 | Province of Ontario | 0.250% | 6/28/29 | 985 | 944 | |
8 | Regional Municipality of York | 2.150% | 6/22/31 | 800 | 507 | |
12,184 | ||||||
Chile (0.0%) | ||||||
1 | Corp. Nacional del Cobre de Chile | 3.625% | 8/1/27 | 650 | 606 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
France (0.1%) | ||||||
1,7 | Electricite de France SA | 1.000% | 11/29/33 | 1,500 | 1,120 | |
Japan (0.1%) | ||||||
1,12 | Japan | 0.700% | 6/20/51 | 117,800 | 727 | |
1,12 | Japan | 0.700% | 9/20/51 | 59,400 | 367 | |
1,094 | ||||||
Norway (0.1%) | ||||||
Equinor ASA | 3.000% | 4/6/27 | 1,545 | 1,438 | ||
Qatar (0.1%) | ||||||
1,5 | Qatar Energy | 2.250% | 7/12/31 | 820 | 674 | |
1,5 | Qatar Energy | 3.125% | 7/12/41 | 685 | 522 | |
1,5 | State of Qatar | 3.875% | 4/23/23 | 550 | 549 | |
1,5 | State of Qatar | 5.103% | 4/23/48 | 255 | 253 | |
1,5 | State of Qatar | 4.400% | 4/16/50 | 780 | 702 | |
2,700 | ||||||
Romania (0.0%) | ||||||
1,5,7 | Republic of Romania | 2.000% | 4/14/33 | 737 | 513 | |
1,7 | Republic of Romania | 2.625% | 12/2/40 | 525 | 313 | |
826 | ||||||
Saudi Arabia (0.1%) | ||||||
1,5 | Kingdom of Saudi Arabia | 5.000% | 1/18/53 | 765 | 704 | |
1,5 | Saudi Arabian Oil Co. | 2.875% | 4/16/24 | 500 | 485 | |
1,5 | Saudi Arabian Oil Co. | 3.500% | 4/16/29 | 680 | 621 | |
1,810 | ||||||
Singapore (0.0%) | ||||||
1,5 | Temasek Financial I Ltd. | 3.625% | 8/1/28 | 510 | 486 | |
Spain (0.1%) | ||||||
5,7 | Kingdom of Spain | 0.600% | 10/31/29 | 1,050 | 930 | |
Supranational (1.4%) | ||||||
1,7,13 | European Financial Stability Facility | 0.875% | 7/26/27 | 11,060 | 10,575 | |
1,7 | European Investment Bank | 3.000% | 10/14/33 | 1,705 | 1,759 | |
7 | European Stability Mechanism | 0.000% | 12/15/26 | 1,425 | 1,335 | |
1,7 | European Union | 0.000% | 7/4/31 | 4,160 | 3,391 | |
1,7 | European Union | 1.000% | 7/6/32 | 3,300 | 2,866 | |
1,7 | European Union | 0.000% | 7/4/35 | 3,630 | 2,559 | |
1,7 | European Union | 0.200% | 6/4/36 | 4,110 | 2,875 | |
25,360 | ||||||
United Kingdom (0.0%) | ||||||
9 | United Kingdom | 0.625% | 10/22/50 | 290 | 151 | |
Total Sovereign Bonds (Cost $62,370) | 53,864 | |||||
Taxable Municipal Bonds (0.6%) | ||||||
United States (0.6%) | ||||||
Broward County FL Airport System Revenue | 3.477% | 10/1/43 | 100 | 82 | ||
Chicago IL Transit Authority Sales & Transfer Tax Receipts Revenue | 6.899% | 12/1/40 | 350 | 393 | ||
Connecticut GO | 2.000% | 7/1/23 | 190 | 188 | ||
Connecticut GO | 5.770% | 3/15/25 | 275 | 280 | ||
Dallas-Fort Worth TX International Airport Revenue | 3.089% | 11/1/40 | 90 | 72 | ||
Dallas-Fort Worth TX International Airport Revenue | 4.087% | 11/1/51 | 55 | 48 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Dallas-Fort Worth TX International Airport Revenue | 4.507% | 11/1/51 | 355 | 331 | ||
Foothill-Eastern Transportation Corridor Agency CA Toll Road Revenue | 4.094% | 1/15/49 | 55 | 44 | ||
Georgia Municipal Electric Power Authority Revenue | 6.637% | 4/1/57 | 844 | 925 | ||
Golden State Tobacco Securitization Corp. California Revenue | 2.746% | 6/1/34 | ��� 35 | 28 | ||
Golden State Tobacco Securitization Corp. California Revenue | 3.293% | 6/1/42 | 65 | 49 | ||
Golden State Tobacco Securitization Corp. California Revenue | 3.000% | 6/1/46 | 145 | 133 | ||
Grand Parkway Transportation Corp. Texas System Toll Revenue | 3.236% | 10/1/52 | 290 | 217 | ||
Illinois GO | 5.100% | 6/1/33 | 5,010 | 4,923 | ||
14 | Kansas Development Finance Authority Revenue | 2.774% | 5/1/51 | 475 | 339 | |
15 | Kansas Development Finance Authority Revenue (Employees Retirement System) | 5.371% | 5/1/26 | 425 | 427 | |
Massachusetts School Building Authority Dedicated Sales Tax Revenue | 3.395% | 10/15/40 | 175 | 144 | ||
New York Metropolitan Transportation Authority Revenue (Build America Bonds) | 6.200% | 11/15/26 | 15 | 15 | ||
New York Metropolitan Transportation Authority Revenue (Build America Bonds) | 6.668% | 11/15/39 | 170 | 183 | ||
New York Metropolitan Transportation Authority Revenue (Build America Bonds) | 6.814% | 11/15/40 | 805 | 868 | ||
New York State Dormitory Authority Revenue (Personal Income Tax) | 3.110% | 2/15/39 | 285 | 234 | ||
16 | Philadelphia PA Authority for Industrial Development Revenue | 6.550% | 10/15/28 | 635 | 666 | |
Port Authority of New York & New Jersey Revenue | 4.458% | 10/1/62 | 205 | 187 | ||
Total Taxable Municipal Bonds (Cost $12,371) | 10,776 |
Coupon | Shares | Market Value• ($000) | ||||
Temporary Cash Investments (4.2%) | ||||||
Money Market Fund (4.2%) | ||||||
17 | Vanguard Market Liquidity Fund (Cost $79,027) | 4.640% | 790,572 | 79,049 | ||
Total Investments (101.2%) (Cost $1,740,838) | 1,895,724 | |||||
Other Assets and Liabilities—Net (-1.2%) | (22,042) | |||||
Net Assets (100%) | 1,873,682 |
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | The average or expected maturity is shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or the possibility of the issue being called. |
2 | The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as needed to maintain a positive net worth, in exchange for senior preferred stock. |
3 | Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of February 28, 2023. |
4 | Securities with a value of $2,523,000 have been segregated as initial margin for open futures contracts. |
5 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2023, the aggregate value was $110,347,000, representing 5.9% of net assets. |
6 | Variable-rate security; rate shown is effective rate at period end. Certain variable-rate securities are not based on a published reference rate and spread but are determined by the issuer or agent based on current market conditions. |
7 | Face amount denominated in euro. |
8 | Face amount denominated in Canadian dollars. |
9 | Face amount denominated in British pounds. |
10 | Face amount denominated in Australian dollars. |
11 | Face amount denominated in Swiss francs. |
12 | Face amount denominated in Japanese yen. |
13 | Guaranteed by the Government of Luxembourg. |
14 | Scheduled principal and interest payments are guaranteed by Build America Mutual Assurance Co. |
15 | Scheduled principal and interest payments are guaranteed by Assured Guaranty Municipal Corp. |
16 | Scheduled principal and interest payments are guaranteed by National Public Finance Guarantee Corp. |
17 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
1M—1-month. | |
ADR—American Depositary Receipt. | |
DAC—Designated Activity Company. | |
GO—General Obligation Bond. | |
LIBOR—London Interbank Offered Rate. | |
REMICS—Real Estate Mortgage Investment Conduits. | |
SOFR30A—30 Day Average Secured Overnight Financing Rate. | |
UMBS—Uniform Mortgage-Backed Securities. | |
USD—U.S. dollar. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
5-Year U.S. Treasury Note | June 2023 | 29 | 3,104 | (4) |
Euro-Bobl | March 2023 | 199 | 24,243 | (663) |
Euro-Buxl | March 2023 | 32 | 4,545 | (436) |
Euro-OAT | March 2023 | 11 | 1,486 | (83) |
Euro-Schatz | March 2023 | 128 | 14,213 | (212) |
Long Gilt | June 2023 | 45 | 5,411 | (73) |
(1,471) | ||||
Short Futures Contracts | ||||
10-Year U.S. Treasury Note | June 2023 | (312) | (34,837) | 19 |
Euro-Bund | March 2023 | (73) | (10,262) | 459 |
Ultra 10-Year U.S. Treasury Note | June 2023 | (299) | (35,039) | 19 |
497 | ||||
(974) |
Forward Currency Contracts | |||||||
Contract Settlement Date | Contract Amount (000) | Unrealized Appreciation ($000) | Unrealized (Depreciation) ($000) | ||||
Counterparty | Receive | Deliver | |||||
Goldman Sachs International | 3/31/23 | EUR | 5,341 | USD | 5,688 | — | (29) |
Goldman Sachs International | 3/31/23 | GBP | 1,237 | USD | 1,498 | — | (10) |
JPMorgan Chase Bank, N.A. | 3/31/23 | GBP | 2 | USD | 2 | — | — |
JPMorgan Chase Bank, N.A. | 3/31/23 | JPY | 339,627 | USD | 2,536 | — | (30) |
Goldman Sachs International | 3/31/23 | USD | 6,227 | AUD | 9,117 | 85 | — |
Goldman Sachs International | 3/31/23 | USD | 16,518 | CAD | 22,351 | 133 | — |
Bank of America, N.A. | 3/31/23 | AUD | 900 | CAD | 833 | — | (4) |
Bank of America, N.A. | 3/31/23 | USD | 1,032 | CHF | 954 | 16 | — |
Goldman Sachs International | 3/31/23 | USD | 110,343 | EUR | 103,390 | 785 | — |
JPMorgan Chase Bank, N.A. | 3/31/23 | GBP | 2,921 | EUR | 3,313 | 5 | — |
JPMorgan Chase Bank, N.A. | 3/31/23 | USD | 21,486 | GBP | 17,732 | 145 | — |
Bank of America, N.A. | 3/31/23 | AUD | 4,003 | JPY | 366,900 | — | (10) |
Bank of America, N.A. | 3/31/23 | GBP | 1,169 | JPY | 189,613 | 8 | — |
JPMorgan Chase Bank, N.A. | 3/31/23 | USD | 3 | SEK | 30 | — | — |
1,177 | (83) |
AUD—Australian dollar. |
CAD—Canadian dollar. |
CHF—Swiss franc. |
EUR—euro. |
GBP—British pound. |
JPY—Japanese yen. |
SEK—Swedish krona. |
USD—U.S. dollar. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $1,661,811) | 1,816,675 |
Affiliated Issuers (Cost $79,027) | 79,049 |
Total Investments in Securities | 1,895,724 |
Investment in Vanguard | 68 |
Cash | 376 |
Foreign Currency, at Value (Cost $5,218) | 5,218 |
Receivables for Investment Securities Sold | 13,440 |
Receivables for Accrued Income | 10,100 |
Receivables for Capital Shares Issued | 850 |
Unrealized Appreciation—Forward Currency Contracts | 1,177 |
Total Assets | 1,926,953 |
Liabilities | |
Payables for Investment Securities Purchased | 51,441 |
Payables for Capital Shares Redeemed | 576 |
Payables to Investment Advisor | 877 |
Payables to Vanguard | 211 |
Variation Margin Payable—Futures Contracts | 83 |
Unrealized Depreciation—Forward Currency Contracts | 83 |
Total Liabilities | 53,271 |
Net Assets | 1,873,682 |
Statement of Assets and Liabilities (continued) | |
At February 28, 2023, net assets consisted of: | |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Paid-in Capital | 1,733,842 |
Total Distributable Earnings (Loss) | 139,840 |
Net Assets | 1,873,682 |
Investor Shares—Net Assets | |
Applicable to 10,019,681 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 235,748 |
Net Asset Value Per Share—Investor Shares | $23.53 |
Admiral Shares—Net Assets | |
Applicable to 55,683,483 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,637,934 |
Net Asset Value Per Share—Admiral Shares | $29.42 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 13,753 |
Interest2 | 10,180 |
Securities Lending—Net | 12 |
Total Income | 23,945 |
Expenses | |
Investment Advisory Fees—Note B | |
Basic Fee | 1,351 |
Performance Adjustment | 356 |
The Vanguard Group—Note C | |
Management and Administrative—Investor Shares | 318 |
Management and Administrative—Admiral Shares | 1,246 |
Marketing and Distribution—Investor Shares | 8 |
Marketing and Distribution—Admiral Shares | 41 |
Custodian Fees | 23 |
Shareholders’ Reports—Investor Shares | 10 |
Shareholders’ Reports—Admiral Shares | 16 |
Trustees’ Fees and Expenses | — |
Other Expenses | 93 |
Total Expenses | 3,462 |
Expenses Paid Indirectly | (2) |
Net Expenses | 3,460 |
Net Investment Income | 20,485 |
Realized Net Gain (Loss) | |
Investment Securities Sold2 | (19,844) |
Futures Contracts | 3,388 |
Forward Currency Contracts | (5,529) |
Foreign Currencies | 934 |
Realized Net Gain (Loss) | (21,051) |
Statement of Operations (continued) | |
Six Months Ended February 28, 2023 | |
($000) | |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 87,138 |
Futures Contracts | (662) |
Forward Currency Contracts | 1,188 |
Foreign Currencies | 171 |
Change in Unrealized Appreciation (Depreciation) | 87,835 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 87,269 |
1 | Dividends are net of foreign withholding taxes of $529,000. |
2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $1,401,000, $2,000, less than $1,000, and $10,000, respectively. Purchases and sales are for temporary cash investment purposes. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 20,485 | 44,311 | |
Realized Net Gain (Loss) | (21,051) | 42,890 | |
Change in Unrealized Appreciation (Depreciation) | 87,835 | (251,547) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 87,269 | (164,346) | |
Distributions | |||
Investor Shares | (7,698) | (7,906) | |
Admiral Shares | (53,895) | (56,296) | |
Total Distributions | (61,593) | (64,202) | |
Capital Share Transactions | |||
Investor Shares | 6,476 | 7,961 | |
Admiral Shares | 52,582 | 185,242 | |
Net Increase (Decrease) from Capital Share Transactions | 59,058 | 193,203 | |
Total Increase (Decrease) | 84,734 | (35,345) | |
Net Assets | |||
Beginning of Period | 1,788,948 | 1,824,293 | |
End of Period | 1,873,682 | 1,788,948 |
Investor Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | October 18, 20171 to August 31, 2018 | |||
2022 | 2021 | 2020 | 2019 | |||
Net Asset Value, Beginning of Period | $23.18 | $26.18 | $22.29 | $21.41 | $20.51 | $20.00 |
Investment Operations | ||||||
Net Investment Income2 | .252 | .566 | .410 | .430 | .443 | .392 |
Net Realized and Unrealized Gain (Loss) on Investments | .900 | (2.711) | 3.871 | .874 | .920 | .379 |
Total from Investment Operations | 1.152 | (2.145) | 4.281 | 1.304 | 1.363 | .771 |
Distributions | ||||||
Dividends from Net Investment Income | (.233) | (.446) | (.391) | (.389) | (.426) | (.261) |
Distributions from Realized Capital Gains | (.569) | (.409) | — | (.035) | (.037) | — |
Total Distributions | (.802) | (.855) | (.391) | (.424) | (.463) | (.261) |
Net Asset Value, End of Period | $23.53 | $23.18 | $26.18 | $22.29 | $21.41 | $20.51 |
Total Return3 | 5.06% | -8.43% | 19.36% | 6.22% | 6.80% | 3.88% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $236 | $226 | $247 | $181 | $176 | $172 |
Ratio of Total Expenses to Average Net Assets4 | 0.50%5 | 0.45%5 | 0.42% | 0.44% | 0.46% | 0.46%5,6 |
Ratio of Net Investment Income to Average Net Assets | 2.18% | 2.26% | 1.68% | 2.01% | 2.19% | 2.32%6 |
Portfolio Turnover Rate | 54%7 | 77%7 | 68%7 | 58%7 | 54% | 44% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Subscription period for the fund was October 18, 2017, to November 1, 2017, during which time all assets were held in cash. Performance measurement began November 2, 2017, the first business day after the subscription period, at a net asset value of $20.00. |
2 | Calculated based on average shares outstanding. |
3 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
4 | Includes performance-based investment advisory fee increases (decreases) of 0.04%, (0.01%), (0.03%), (0.01%), and 0.01%. Performance-based investment advisory fees did not apply before fiscal year 2019. |
5 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.50%, 0.44%, and 0.45%, respectively. |
6 | Annualized. |
7 | Includes 13%, 15%, 20%, and 10%, respectively, attributable to mortgage-dollar-roll activity. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | October 18, 20171 to August 31, 2018 | |||
2022 | 2021 | 2020 | 2019 | |||
Net Asset Value, Beginning of Period | $28.98 | $32.74 | $27.87 | $26.76 | $25.65 | $25.00 |
Investment Operations | ||||||
Net Investment Income2 | .334 | .750 | .554 | .564 | .583 | .511 |
Net Realized and Unrealized Gain (Loss) on Investments | 1.126 | (3.398) | 4.842 | 1.104 | 1.132 | .480 |
Total from Investment Operations | 1.460 | (2.648) | 5.396 | 1.668 | 1.715 | .991 |
Distributions | ||||||
Dividends from Net Investment Income | (.309) | (.601) | (.526) | (.514) | (.559) | (.341) |
Distributions from Realized Capital Gains | (.711) | (.511) | — | (.044) | (.046) | — |
Total Distributions | (1.020) | (1.112) | (.526) | (.558) | (.605) | (.341) |
Net Asset Value, End of Period | $29.42 | $28.98 | $32.74 | $27.87 | $26.76 | $25.65 |
Total Return3 | 5.14% | -8.33% | 19.53% | 6.38% | 6.85% | 3.99% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,638 | $1,563 | $1,577 | $1,129 | $826 | $715 |
Ratio of Total Expenses to Average Net Assets4 | 0.37%5 | 0.32%5 | 0.29% | 0.34% | 0.36% | 0.36%5,6 |
Ratio of Net Investment Income to Average Net Assets | 2.31% | 2.39% | 1.81% | 2.11% | 2.29% | 2.42%6 |
Portfolio Turnover Rate | 54%7 | 77%7 | 68%7 | 58%7 | 54% | 44% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Subscription period for the fund was October 18, 2017, to November 1, 2017, during which time all assets were held in cash. Performance measurement began November 2, 2017, the first business day after the subscription period, at a net asset value of $25.00. |
2 | Calculated based on average shares outstanding. |
3 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
4 | Includes performance-based investment advisory fee increases (decreases) of 0.04%, (0.01%), (0.03%), (0.01%), and 0.01%. Performance-based investment advisory fees did not apply before fiscal year 2019. |
5 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.37%, 0.32%, and 0.35%, respectively. |
6 | Annualized. |
7 | Includes 13%, 15%, 20%, and 10%, respectively, attributable to mortgage-dollar-roll activity. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks—North and South America | 673,317 | — | — | 673,317 |
Common Stocks—Other | 54,383 | 488,556 | — | 542,939 |
U.S. Government and Agency Obligations | — | 148,066 | — | 148,066 |
Asset-Backed/Commercial Mortgage-Backed Securities | — | 11,510 | — | 11,510 |
Corporate Bonds | — | 376,203 | — | 376,203 |
Sovereign Bonds | — | 53,864 | — | 53,864 |
Taxable Municipal Bonds | — | 10,776 | — | 10,776 |
Temporary Cash Investments | 79,049 | — | — | 79,049 |
Total | 806,749 | 1,088,975 | — | 1,895,724 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 497 | — | — | 497 |
Forward Currency Contracts | — | 1,177 | — | 1,177 |
Total | 497 | 1,177 | — | 1,674 |
Liabilities | ||||
Futures Contracts1 | 1,471 | — | — | 1,471 |
Forward Currency Contracts | — | 83 | — | 83 |
Total | 1,471 | 83 | — | 1,554 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Statement of Assets and Liabilities | Interest Rate Contracts ($000) | Foreign Exchange Contracts ($000) | Total ($000) |
Unrealized Appreciation—Futures Contracts1 | 497 | — | 497 |
Unrealized Appreciation—Forward Currency Contracts | — | 1,177 | 1,177 |
Total Assets | 497 | 1,177 | 1,674 |
Unrealized Depreciation—Futures Contracts1 | 1,471 | — | 1,471 |
Unrealized Depreciation—Forward Currency Contracts | — | 83 | 83 |
Total Liabilities | 1,471 | 83 | 1,554 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Realized Net Gain (Loss) on Derivatives | Interest Rate Contracts ($000) | Foreign Exchange Contracts ($000) | Total ($000) |
Futures Contracts | 3,388 | — | 3,388 |
Forward Currency Contracts | — | (5,529) | (5,529) |
Realized Net Gain (Loss) on Derivatives | 3,388 | (5,529) | (2,141) |
Change in Unrealized Appreciation (Depreciation) on Derivatives | |||
Futures Contracts | (662) | — | (662) |
Forward Currency Contracts | — | 1,188 | 1,188 |
Change in Unrealized Appreciation (Depreciation) on Derivatives | (662) | 1,188 | 526 |
Amount ($000) | |
Tax Cost | 1,744,377 |
Gross Unrealized Appreciation | 257,859 |
Gross Unrealized Depreciation | (106,392) |
Net Unrealized Appreciation (Depreciation) | 151,467 |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Investor Shares | |||||
Issued | 28,903 | 1,229 | 82,726 | 3,263 | |
Issued in Lieu of Cash Distributions | 6,834 | 297 | 7,053 | 279 | |
Redeemed | (29,261) | (1,257) | (81,818) | (3,241) | |
Net Increase (Decrease)—Investor Shares | 6,476 | 269 | 7,961 | 301 | |
Admiral Shares | |||||
Issued | 185,165 | 6,312 | 428,463 | 13,556 | |
Issued in Lieu of Cash Distributions | 47,617 | 1,657 | 49,306 | 1,564 | |
Redeemed | (180,200) | (6,215) | (292,527) | (9,361) | |
Net Increase (Decrease)—Admiral Shares | 52,582 | 1,754 | 185,242 | 5,759 |
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• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2023 | |||
Beginning Account Value 8/31/2022 | Ending Account Value 2/28/2023 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Global Wellesley Income Fund | |||
Investor Shares | $1,000.00 | $1,030.10 | $2.27 |
Admiral™ Shares | 1,000.00 | 1,030.50 | 1.61 |
Based on Hypothetical 5% Yearly Return | |||
Global Wellesley Income Fund | |||
Investor Shares | $1,000.00 | $1,022.56 | $2.26 |
Admiral Shares | 1,000.00 | 1,023.21 | 1.61 |
United States | 56.4% |
United Kingdom | 8.3 |
France | 6.6 |
Canada | 4.5 |
Japan | 3.0 |
Switzerland | 2.9 |
Supranational | 2.7 |
Spain | 1.7 |
Norway | 1.6 |
Germany | 1.4 |
Hong Kong | 1.4 |
Italy | 1.2 |
Australia | 1.1 |
Netherlands | 1.1 |
Other | 6.1 |
Shares | Market Value• ($000) | |||||
Common Stocks (37.5%) | ||||||
Australia (0.7%) | ||||||
Rio Tinto plc | 54,137 | 3,715 | ||||
Canada (3.0%) | ||||||
Bank of Nova Scotia | 95,069 | 4,699 | ||||
Royal Bank of Canada | 39,267 | 3,987 | ||||
TC Energy Corp. | 96,083 | 3,824 | ||||
Enbridge Inc. | 81,778 | 3,068 | ||||
15,578 | ||||||
China (0.7%) | ||||||
ENN Energy Holdings Ltd. | 246,800 | 3,513 | ||||
France (3.8%) | ||||||
TotalEnergies SE | 111,958 | 6,908 | ||||
1 | AXA SA | 187,752 | 5,917 | |||
Bureau Veritas SA | 144,231 | 4,120 | ||||
Vinci SA | 29,550 | 3,360 | ||||
20,305 | ||||||
Greece (0.4%) | ||||||
Hellenic Telecommunications Organization SA | 133,597 | 2,049 | ||||
Hong Kong (1.3%) | ||||||
��� | AIA Group Ltd. | 454,800 | 4,833 | |||
* | Sands China Ltd. | 639,600 | 2,220 | |||
7,053 | ||||||
Italy (0.7%) | ||||||
FinecoBank Banca Fineco SpA | 217,847 | 3,765 | ||||
Japan (2.3%) | ||||||
Tokio Marine Holdings Inc. | 166,600 | 3,537 | ||||
Mitsubishi UFJ Financial Group Inc. | 495,000 | 3,509 | ||||
Isuzu Motors Ltd. | 240,700 | 2,878 | ||||
KDDI Corp. | 84,200 | 2,464 | ||||
12,388 | ||||||
Netherlands (0.5%) | ||||||
Koninklijke KPN NV | 742,927 | 2,547 | ||||
Norway (0.7%) | ||||||
DNB Bank ASA | 188,544 | 3,762 |
Shares | Market Value• ($000) | |||||
Spain (1.3%) | ||||||
Industria de Diseno Textil SA | 138,495 | 4,267 | ||||
Iberdrola SA | 241,541 | 2,769 | ||||
7,036 | ||||||
Switzerland (1.6%) | ||||||
Novartis AG (Registered) | 52,894 | 4,451 | ||||
UBS Group AG (Registered) | 194,334 | 4,224 | ||||
8,675 | ||||||
Taiwan (0.6%) | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 185,000 | 3,061 | ||||
United Kingdom (4.5%) | ||||||
AstraZeneca plc | 38,907 | 5,069 | ||||
BAE Systems plc | 438,952 | 4,741 | ||||
HSBC Holdings plc | 524,261 | 4,016 | ||||
National Grid plc | 311,119 | 3,904 | ||||
WPP plc | 261,210 | 3,213 | ||||
Unilever plc | 57,996 | 2,887 | ||||
23,830 | ||||||
United States (15.4%) | ||||||
Merck & Co. Inc. | 52,228 | 5,549 | ||||
Philip Morris International Inc. | 56,183 | 5,467 | ||||
Pfizer Inc. | 130,280 | 5,285 | ||||
Cisco Systems Inc. | 88,556 | 4,288 | ||||
Johnson & Johnson | 27,441 | 4,206 | ||||
Ares Management Corp. Class A | 49,633 | 4,002 | ||||
Elevance Health Inc. | 8,230 | 3,865 | ||||
Lockheed Martin Corp. | 8,109 | 3,846 | ||||
Johnson Controls International plc | 59,560 | 3,736 | ||||
Duke Energy Corp. | 39,626 | 3,735 | ||||
FMC Corp. | 28,884 | 3,730 | ||||
Exelon Corp. | 90,718 | 3,664 | ||||
Coterra Energy Inc. | 146,504 | 3,658 | ||||
Texas Instruments Inc. | 21,098 | 3,617 | ||||
QUALCOMM Inc. | 25,940 | 3,204 | ||||
Bank of America Corp. | 92,404 | 3,169 | ||||
Comcast Corp. Class A | 79,299 | 2,948 | ||||
Home Depot Inc. | 9,933 | 2,946 | ||||
Microsoft Corp. | 11,799 | 2,943 | ||||
Edison International | 40,699 | 2,695 | ||||
Kellogg Co. | 38,452 | 2,535 | ||||
TJX Cos. Inc. | 32,373 | 2,480 | ||||
81,568 | ||||||
Total Common Stocks (Cost $164,341) | 198,845 | |||||
Coupon | Maturity Date | Face Amount ($000) | ||||
U.S. Government and Agency Obligations (12.1%) | ||||||
2,3 | Fannie Mae REMICS | 2.000% | 9/25/40 | 36 | 34 | |
2,3 | Fannie Mae REMICS | 2.500% | 5/25/45 | 260 | 232 | |
2,3 | Fannie Mae REMICS | 3.000% | 2/25/49 | 64 | 61 | |
2,3 | Fannie Mae REMICS | 3.500% | 6/25/44 | 95 | 90 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
2,3 | Freddie Mac REMICS | 1.750% | 9/15/42 | 658 | 595 | |
2,3 | Freddie Mac REMICS | 2.000% | 7/25/50 | 691 | 597 | |
2,3 | Freddie Mac REMICS | 3.500% | 11/15/40 | 9 | 9 | |
2,3 | Freddie Mac REMICS | 4.000% | 12/15/39–9/15/41 | 977 | 939 | |
2,4 | Ginnie Mae II Pool | 2.000% | 3/15/53 | 775 | 649 | |
2,4 | Ginnie Mae II Pool | 2.500% | 3/15/53 | 1,225 | 1,058 | |
2,4 | Ginnie Mae II Pool | 3.000% | 3/15/53 | 1,175 | 1,048 | |
2,4 | Ginnie Mae II Pool | 3.500% | 3/15/53 | 1,615 | 1,484 | |
2,4 | Ginnie Mae II Pool | 4.000% | 3/15/53 | 850 | 803 | |
2 | Ginnie Mae REMICS | 2.750% | 9/20/44 | 79 | 74 | |
2,3,4 | UMBS Pool | 2.000% | 4/01/41–3/25/53 | 5,403 | 4,453 | |
2,3 | UMBS Pool | 2.500% | 5/01/51–11/01/51 | 3,966 | 3,406 | |
2,3 | UMBS Pool | 3.000% | 10/1/51 | 1,295 | 1,155 | |
2,3 | UMBS Pool | 3.500% | 7/1/51 | 1,256 | 1,160 | |
2,3,4 | UMBS Pool | 4.000% | 3/25/53 | 1,095 | 1,027 | |
2,3,4 | UMBS Pool | 4.500% | 3/25/53 | 4,160 | 4,005 | |
2,3,4 | UMBS Pool | 5.000% | 3/25/53 | 2,790 | 2,741 | |
2,3,4 | UMBS Pool | 5.500% | 3/25/53 | 345 | 344 | |
United States Treasury Note/Bond | 1.125% | 10/31/26 | 145 | 129 | ||
United States Treasury Note/Bond | 1.250% | 11/30/26–12/31/26 | 10,009 | 8,928 | ||
United States Treasury Note/Bond | 1.750% | 8/15/41 | 670 | 464 | ||
United States Treasury Note/Bond | 2.000% | 11/15/41 | 4,977 | 3,593 | ||
United States Treasury Note/Bond | 2.375% | 2/15/42 | 1,230 | 946 | ||
United States Treasury Note/Bond | 2.625% | 5/31/27 | 10 | 9 | ||
United States Treasury Note/Bond | 3.250% | 5/15/42 | 170 | 150 | ||
United States Treasury Note/Bond | 3.375% | 8/15/42 | 1,863 | 1,676 | ||
United States Treasury Note/Bond | 3.500% | 1/31/28–2/15/33 | 5,499 | 5,329 | ||
United States Treasury Note/Bond | 3.625% | 2/15/53 | 701 | 667 | ||
United States Treasury Note/Bond | 3.875% | 12/31/27–2/15/43 | 2,162 | 2,120 | ||
United States Treasury Note/Bond | 4.000% | 2/15/26–11/15/52 | 11,742 | 11,774 | ||
5 | United States Treasury Note/Bond | 4.125% | 1/31/25 | 2,690 | 2,655 | |
United States Treasury Note/Bond | 4.250% | 9/30/24 | 8 | 8 | ||
Total U.S. Government and Agency Obligations (Cost $68,987) | 64,412 | |||||
Asset-Backed/Commercial Mortgage-Backed Securities (1.3%) | ||||||
Bermuda (0.0%) | ||||||
2,6 | Start II Ltd. Series 2019-1 | 4.089% | 3/15/44 | 121 | 104 | |
United States (1.3%) | ||||||
2,6 | Aligned Data Centers Issuer LLC Series 2021-1A | 1.937% | 8/15/46 | 740 | 644 | |
2,6,7 | BX Trust Series 2021-ARIA, 1M USD LIBOR + 1.297% | 5.885% | 10/15/36 | 770 | 744 | |
2,6,7 | BX Trust Series 2021-LGCY, 1M USD LIBOR + 0.506% | 5.094% | 10/15/36 | 1,750 | 1,700 | |
2,6 | Castlelake Aircraft Structured Trust Series 2019-1A | 3.967% | 4/15/39 | 153 | 134 | |
2,6,7 | Connecticut Avenue Securities Trust Series 2021-R01, SOFR30A + 1.550% | 6.034% | 10/25/41 | 145 | 144 | |
2,3 | Fannie Mae-Aces Series 2021-M2S | 2.386% | 10/25/36 | 364 | 283 | |
2 | Ford Credit Auto Lease Trust Series 2021-A | 0.780% | 9/15/25 | 180 | 177 | |
2,3 | Freddie Mac Multifamily Structured Pass-Through Certificates Series K142 | 2.400% | 3/25/32 | 820 | 694 | |
2,3,6,7 | Freddie Mac STACR REMICS Trust Series 2020-DNA5, SOFR30A + 2.800% | 7.284% | 10/25/50 | 210 | 213 | |
2,6 | Home Partners of America Trust Series 2021-2 | 2.302% | 12/17/26 | 688 | 602 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
2,6 | New Economy Assets Phase 1 Sponsor LLC Series 2021-1 | 2.410% | 10/20/61 | 245 | 206 | |
2 | Seasoned Credit Risk Transfer Trust Series 2019-3 | 3.500% | 10/25/58 | 162 | 154 | |
2,6,7 | SREIT Trust Series 2021-MFP, 1M USD LIBOR + 1.080% | 5.668% | 11/15/38 | 875 | 852 | |
2,6 | Towd Point Mortgage Trust Series 2018-1 | 3.000% | 1/25/58 | 76 | 72 | |
6,619 | ||||||
Total Asset-Backed/Commercial Mortgage-Backed Securities (Cost $7,222) | 6,723 | |||||
Corporate Bonds (38.9%) | ||||||
Australia (0.1%) | ||||||
6 | CSL Finance plc | 4.250% | 4/27/32 | 650 | 609 | |
Austria (0.2%) | ||||||
6 | JAB Holdings BV | 2.200% | 11/23/30 | 260 | 200 | |
6 | JAB Holdings BV | 3.750% | 5/28/51 | 500 | 321 | |
6 | JAB Holdings BV | 4.500% | 4/8/52 | 445 | 325 | |
846 | ||||||
Belgium (0.4%) | ||||||
2,8 | Anheuser-Busch InBev SA/NV | 1.650% | 3/28/31 | 355 | 320 | |
2,8 | Anheuser-Busch InBev SA/NV | 2.750% | 3/17/36 | 725 | 661 | |
Anheuser-Busch InBev Worldwide Inc. | 4.375% | 4/15/38 | 1,075 | 959 | ||
6 | KBC Group NV | 5.796% | 1/19/29 | 200 | 198 | |
2,138 | ||||||
Canada (0.4%) | ||||||
9 | Bank of Montreal | 2.850% | 3/6/24 | 1,890 | 1,355 | |
Fortis Inc. | 3.055% | 10/4/26 | 625 | 580 | ||
1,935 | ||||||
Denmark (0.9%) | ||||||
8 | Danske Bank A/S | 0.500% | 8/27/25 | 1,650 | 1,642 | |
6 | Danske Bank A/S | 6.466% | 1/9/26 | 1,550 | 1,561 | |
6 | Danske Bank A/S | 1.621% | 9/11/26 | 875 | 785 | |
2,10 | Danske Bank A/S | 2.250% | 1/14/28 | 560 | 586 | |
4,574 | ||||||
France (2.4%) | ||||||
2,8 | APRR SA | 1.500% | 1/25/30 | 100 | 92 | |
2,8 | APRR SA | 1.625% | 1/13/32 | 100 | 88 | |
2,8 | AXA SA | 5.125% | 7/4/43 | 750 | 793 | |
8 | Banque Federative du Credit Mutuel SA | 3.875% | 6/16/32 | 1,500 | 1,488 | |
6 | BNP Paribas SA | 2.819% | 11/19/25 | 360 | 342 | |
6 | BNP Paribas SA | 2.219% | 6/9/26 | 770 | 713 | |
2,8 | BNP Paribas SA | 0.125% | 9/4/26 | 400 | 372 | |
6 | BNP Paribas SA | 2.591% | 1/20/28 | 1,145 | 1,015 | |
6 | BNP Paribas SA | 2.159% | 9/15/29 | 935 | 774 | |
2,8 | BNP Paribas SA | 1.125% | 1/15/32 | 400 | 357 | |
2,8 | BPCE SA | 0.500% | 9/15/27 | 1,900 | 1,738 | |
6 | BPCE SA | 3.250% | 1/11/28 | 500 | 452 | |
6 | BPCE SA | 2.277% | 1/20/32 | 760 | 583 | |
6 | Danone SA | 2.947% | 11/2/26 | 285 | 265 | |
2,8 | Engie SA | 2.000% | 9/28/37 | 700 | 554 | |
2,8 | Orange SA | 1.000% | 5/12/25 | 1,200 | 1,195 | |
2,8 | RCI Banque SA | 1.375% | 3/8/24 | 575 | 592 | |
2,8 | RCI Banque SA | 1.625% | 4/11/25 | 305 | 305 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
8 | Societe Generale SFH SA | 0.750% | 1/29/27 | 800 | 760 | |
2,8 | Suez SACA | 2.875% | 5/24/34 | 600 | 544 | |
13,022 | ||||||
Germany (1.3%) | ||||||
6 | Bayer US Finance II LLC | 4.250% | 12/15/25 | 660 | 638 | |
6 | Bayer US Finance LLC | 3.375% | 10/8/24 | 765 | 741 | |
6 | Daimler Truck Finance North America LLC | 5.150% | 1/16/26 | 310 | 306 | |
6 | Daimler Truck Finance North America LLC | 5.125% | 1/19/28 | 150 | 148 | |
2,8 | Deutsche Bank AG | 1.875% | 2/23/28 | 1,700 | 1,586 | |
Deutsche Bank AG | 6.720% | 1/18/29 | 445 | 450 | ||
2,10 | E.ON International Finance BV | 6.250% | 6/3/30 | 155 | 195 | |
2,10 | E.ON International Finance BV | 6.375% | 6/7/32 | 180 | 232 | |
2,8 | Volkswagen Leasing GmbH | 2.625% | 1/15/24 | 525 | 550 | |
2,8 | Volkswagen Leasing GmbH | 1.375% | 1/20/25 | 1,525 | 1,536 | |
8 | Wintershall Dea Finance BV | 1.823% | 9/25/31 | 1,000 | 822 | |
7,204 | ||||||
Ireland (0.2%) | ||||||
AerCap Ireland Capital DAC | 3.000% | 10/29/28 | 1,104 | 941 | ||
6 | Avolon Holdings Funding Ltd. | 2.125% | 2/21/26 | 178 | 156 | |
1,097 | ||||||
Italy (0.5%) | ||||||
8 | Autostrade per l'Italia SpA | 2.000% | 12/4/28 | 2,400 | 2,142 | |
8 | Autostrade per l'Italia SpA | 2.000% | 1/15/30 | 420 | 361 | |
2,503 | ||||||
Japan (0.5%) | ||||||
6 | NTT Finance Corp. | 1.162% | 4/3/26 | 700 | 618 | |
6 | NTT Finance Corp. | 2.065% | 4/3/31 | 2,395 | 1,936 | |
2,554 | ||||||
Netherlands (0.5%) | ||||||
2,10 | Cooperatieve Rabobank UA | 4.625% | 5/23/29 | 100 | 112 | |
2,8 | Cooperatieve Rabobank UA | 0.010% | 7/2/30 | 1,100 | 914 | |
8 | ING Groep NV | 0.250% | 2/18/29 | 600 | 513 | |
8 | ING Groep NV | 0.250% | 2/1/30 | 600 | 492 | |
2,8 | Koninklijke KPN NV | 0.875% | 11/15/33 | 500 | 384 | |
Shell International Finance BV | 4.000% | 5/10/46 | 275 | 228 | ||
Shell International Finance BV | 3.000% | 11/26/51 | 340 | 235 | ||
2,878 | ||||||
Norway (0.8%) | ||||||
2,8 | Aker BP ASA | 1.125% | 5/12/29 | 1,090 | 943 | |
6 | Aker BP ASA | 3.750% | 1/15/30 | 2,155 | 1,900 | |
6 | Aker BP ASA | 4.000% | 1/15/31 | 725 | 638 | |
6 | Var Energi ASA | 8.000% | 11/15/32 | 900 | 942 | |
4,423 | ||||||
Portugal (0.2%) | ||||||
2,8 | EDP Finance BV | 1.875% | 9/21/29 | 1,100 | 1,023 | |
Saudi Arabia (0.6%) | ||||||
6 | EIG Pearl Holdings Sarl | 3.545% | 8/31/36 | 2,250 | 1,882 | |
6 | Greensaif Pipelines Bidco Sarl | 6.129% | 2/23/38 | 675 | 677 | |
6 | Greensaif Pipelines Bidco Sarl | 6.510% | 2/23/42 | 510 | 518 | |
3,077 | ||||||
South Korea (0.0%) | ||||||
6 | SK Telecom Co. Ltd. | 3.750% | 4/16/23 | 200 | 200 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Spain (0.1%) | ||||||
Telefonica Emisiones SA | 4.665% | 3/6/38 | 845 | 697 | ||
Sweden (0.2%) | ||||||
2,8 | Volvo Treasury AB | 2.000% | 8/19/27 | 1,125 | 1,098 | |
Switzerland (1.1%) | ||||||
6 | Alcon Finance Corp. | 3.000% | 9/23/29 | 2,965 | 2,583 | |
Credit Suisse AG | 7.500% | 2/15/28 | 1,816 | 1,832 | ||
2,8 | Credit Suisse Group AG | 1.250% | 7/17/25 | 600 | 581 | |
8 | Credit Suisse Group AG | 2.875% | 4/2/32 | 340 | 264 | |
8 | UBS Group AG | 0.250% | 2/24/28 | 950 | 828 | |
6,088 | ||||||
United Arab Emirates (0.6%) | ||||||
6 | DAE Funding LLC | 1.550% | 8/1/24 | 1,125 | 1,053 | |
6 | Galaxy Pipeline Assets Bidco Ltd. | 2.160% | 3/31/34 | 2,423 | 2,048 | |
3,101 | ||||||
United Kingdom (3.5%) | ||||||
6 | Ashtead Capital Inc. | 2.450% | 8/12/31 | 1,212 | 930 | |
6 | Ashtead Capital Inc. | 5.500% | 8/11/32 | 300 | 288 | |
6 | Ashtead Capital Inc. | 5.550% | 5/30/33 | 205 | 197 | |
AstraZeneca plc | 4.000% | 1/17/29 | 720 | 690 | ||
2 | Barclays plc | 4.338% | 5/16/24 | 772 | 769 | |
Barclays plc | 2.894% | 11/24/32 | 760 | 592 | ||
2,10 | Barclays plc | 3.250% | 1/17/33 | 780 | 748 | |
2,8 | Barclays plc | 5.262% | 1/29/34 | 725 | 771 | |
2,9 | BP Capital Markets plc | 3.470% | 5/15/25 | 1,325 | 944 | |
8 | BP Capital Markets plc | 1.104% | 11/15/34 | 525 | 395 | |
6 | CK Hutchison International 17 II Ltd. | 2.750% | 3/29/23 | 975 | 973 | |
2,8 | Diageo Finance plc | 2.500% | 3/27/32 | 885 | 846 | |
2,10 | Heathrow Funding Ltd. | 2.750% | 10/13/29 | 1,350 | 1,372 | |
2,10 | Heathrow Funding Ltd. | 2.750% | 8/9/49 | 350 | 254 | |
2,10 | HSBC Holdings plc | 2.256% | 11/13/26 | 1,725 | 1,896 | |
HSBC Holdings plc | 7.390% | 11/3/28 | 454 | 479 | ||
2,10 | National Grid Electricity Transmission plc | 2.000% | 9/16/38 | 635 | 486 | |
2,10 | National Grid Electricity Transmission plc | 2.000% | 4/17/40 | 480 | 357 | |
2,8 | NatWest Group plc | 1.750% | 3/2/26 | 970 | 970 | |
10 | NatWest Group plc | 3.622% | 8/14/30 | 875 | 985 | |
2,8 | NatWest Group plc | 1.043% | 9/14/32 | 525 | 452 | |
Santander UK Group Holdings plc | 1.089% | 3/15/25 | 1,725 | 1,634 | ||
2,10 | Scottish Hydro Electric Transmission plc | 2.250% | 9/27/35 | 535 | 467 | |
2,8 | SSE plc | 1.750% | 4/16/30 | 490 | 446 | |
6 | Standard Chartered plc | 0.991% | 1/12/25 | 530 | 507 | |
18,448 | ||||||
United States (24.4%) | ||||||
2 | Alabama Power Co. | 4.300% | 7/15/48 | 275 | 231 | |
American International Group Inc. | 3.400% | 6/30/30 | 3,965 | 3,516 | ||
6 | American Transmission Systems Inc. | 2.650% | 1/15/32 | 605 | 496 | |
American Water Capital Corp. | 2.300% | 6/1/31 | 1,395 | 1,137 | ||
American Water Capital Corp. | 4.450% | 6/1/32 | 825 | 785 | ||
4 | Amgen Inc. | 5.250% | 3/2/30 | 375 | 373 | |
4 | Amgen Inc. | 5.600% | 3/2/43 | 992 | 980 | |
Amgen Inc. | 4.400% | 5/1/45 | 943 | 789 | ||
Amgen Inc. | 4.200% | 2/22/52 | 83 | 67 | ||
4 | Amgen Inc. | 5.750% | 3/2/63 | 155 | 153 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
AT&T Inc. | 2.250% | 2/1/32 | 2,420 | 1,889 | ||
8 | AT&T Inc. | 2.050% | 5/19/32 | 300 | 264 | |
8 | AT&T Inc. | 3.150% | 9/4/36 | 250 | 227 | |
8 | AT&T Inc. | 2.600% | 5/19/38 | 275 | 228 | |
AT&T Inc. | 3.500% | 9/15/53 | 577 | 396 | ||
6 | Athene Global Funding | 2.500% | 1/14/25 | 812 | 760 | |
6 | Athene Global Funding | 1.730% | 10/2/26 | 1,071 | 920 | |
6 | Athene Global Funding | 2.500% | 3/24/28 | 1,475 | 1,254 | |
2 | Bank of America Corp. | 3.593% | 7/21/28 | 1,090 | 1,006 | |
Bank of America Corp. | 2.687% | 4/22/32 | 745 | 604 | ||
2,8 | Bank of America Corp. | 1.102% | 5/24/32 | 850 | 695 | |
Bank of America Corp. | 3.846% | 3/8/37 | 770 | 649 | ||
Bank of America Corp. | 3.311% | 4/22/42 | 625 | 466 | ||
8 | Becton Dickinson Euro Finance Sarl | 0.334% | 8/13/28 | 875 | 763 | |
2 | Bon Secours Mercy Health Inc. | 3.555% | 8/1/27 | 535 | 496 | |
2 | Bon Secours Mercy Health Inc. | 2.095% | 6/1/31 | 275 | 217 | |
8 | Booking Holdings Inc. | 4.500% | 11/15/31 | 1,085 | 1,164 | |
6 | Boston Gas Co. | 3.001% | 8/1/29 | 105 | 91 | |
BP Capital Markets America Inc. | 4.812% | 2/13/33 | 615 | 604 | ||
BP Capital Markets America Inc. | 3.001% | 3/17/52 | 1,115 | 748 | ||
6 | Brooklyn Union Gas Co. | 4.273% | 3/15/48 | 760 | 583 | |
CenterPoint Energy Resources Corp. | 5.250% | 3/1/28 | 1,120 | 1,119 | ||
CenterPoint Energy Resources Corp. | 5.400% | 3/1/33 | 2,391 | 2,421 | ||
Charter Communications Operating LLC | 2.250% | 1/15/29 | 65 | 52 | ||
Charter Communications Operating LLC | 5.050% | 3/30/29 | 435 | 406 | ||
Charter Communications Operating LLC | 6.384% | 10/23/35 | 305 | 292 | ||
Charter Communications Operating LLC | 3.700% | 4/1/51 | 40 | 24 | ||
Cigna Group | 4.375% | 10/15/28 | 435 | 418 | ||
Cigna Group | 2.400% | 3/15/30 | 220 | 183 | ||
Cleco Corporate Holdings LLC | 3.375% | 9/15/29 | 270 | 227 | ||
8 | Coca-Cola Co. | 1.100% | 9/2/36 | 900 | 673 | |
Comcast Corp. | 3.950% | 10/15/25 | 255 | 248 | ||
Comcast Corp. | 6.500% | 11/15/35 | 156 | 173 | ||
Comcast Corp. | 4.000% | 3/1/48 | 20 | 16 | ||
Comcast Corp. | 2.887% | 11/1/51 | 961 | 622 | ||
Comcast Corp. | 4.049% | 11/1/52 | 6 | 5 | ||
Comcast Corp. | 2.650% | 8/15/62 | 130 | 75 | ||
Comcast Corp. | 2.987% | �� 11/1/63 | 4 | 2 | ||
CommonSpirit Health | 4.200% | 8/1/23 | 895 | 889 | ||
CommonSpirit Health | 3.347% | 10/1/29 | 45 | 39 | ||
CommonSpirit Health | 4.187% | 10/1/49 | 130 | 103 | ||
Consolidated Edison Co. of New York Inc. | 4.500% | 5/15/58 | 100 | 83 | ||
6 | Corebridge Financial Inc. | 3.900% | 4/5/32 | 1,597 | 1,398 | |
6 | Cox Communications Inc. | 3.500% | 8/15/27 | 1,255 | 1,164 | |
Crown Castle Inc. | 2.100% | 4/1/31 | 1,585 | 1,242 | ||
CVS Health Corp. | 2.875% | 6/1/26 | 1,000 | 930 | ||
CVS Health Corp. | 4.300% | 3/25/28 | 96 | 92 | ||
CVS Health Corp. | 5.250% | 2/21/33 | 1,592 | 1,567 | ||
8 | DH Europe Finance II Sarl | 0.750% | 9/18/31 | 140 | 114 | |
Dignity Health | 3.812% | 11/1/24 | 659 | 642 | ||
Discovery Communications LLC | 3.625% | 5/15/30 | 565 | 483 | ||
2 | Dominion Energy Inc. | 3.375% | 4/1/30 | 92 | 81 | |
Dominion Energy Inc. | 5.375% | 11/15/32 | 1,008 | 989 | ||
Dominion Energy South Carolina Inc. | 6.625% | 2/1/32 | 156 | 172 | ||
Dominion Energy South Carolina Inc. | 5.300% | 5/15/33 | 129 | 130 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Dominion Energy South Carolina Inc. | 5.450% | 2/1/41 | 250 | 247 | ||
Dominion Energy South Carolina Inc. | 4.600% | 6/15/43 | 280 | 249 | ||
Duke Energy Corp. | 2.550% | 6/15/31 | 530 | 427 | ||
Duke Energy Corp. | 4.500% | 8/15/32 | 1,520 | 1,408 | ||
Duke Energy Progress LLC | 3.400% | 4/1/32 | 185 | 163 | ||
Duke Energy Progress LLC | 4.200% | 8/15/45 | 350 | 291 | ||
2 | Eastern Gas Transmission & Storage Inc. | 4.600% | 12/15/44 | 625 | 522 | |
Eaton Corp. | 4.150% | 3/15/33 | 380 | 350 | ||
Eaton Corp. | 4.700% | 8/23/52 | 80 | 73 | ||
Energy Transfer LP | 4.900% | 3/15/35 | 975 | 874 | ||
Enterprise Products Operating LLC | 5.350% | 1/31/33 | 2,143 | 2,142 | ||
6 | Equitable Financial Life Global Funding | 1.400% | 7/7/25 | 100 | 91 | |
6 | Equitable Financial Life Global Funding | 1.300% | 7/12/26 | 600 | 522 | |
6 | Equitable Financial Life Global Funding | 1.400% | 8/27/27 | 565 | 473 | |
6 | ERAC USA Finance LLC | 3.300% | 12/1/26 | 235 | 217 | |
6 | ERAC USA Finance LLC | 4.500% | 2/15/45 | 295 | 253 | |
2 | Evergy Metro Inc. | 2.250% | 6/1/30 | 180 | 148 | |
Exxon Mobil Corp. | 2.275% | 8/16/26 | 865 | 794 | ||
4 | Florida Power & Light Co. | 5.050% | 4/1/28 | 125 | 125 | |
4 | Florida Power & Light Co. | 5.100% | 4/1/33 | 485 | 484 | |
4 | Florida Power & Light Co. | 5.300% | 4/1/53 | 190 | 189 | |
8 | General Mills Inc. | 0.450% | 1/15/26 | 900 | 864 | |
6 | Genting New York LLC | 3.300% | 2/15/26 | 1,002 | 880 | |
Georgia Power Co. | 4.700% | 5/15/32 | 1,510 | 1,436 | ||
Georgia Power Co. | 4.300% | 3/15/42 | 500 | 421 | ||
2 | Georgia Power Co. | 3.700% | 1/30/50 | 35 | 26 | |
Georgia Power Co. | 5.125% | 5/15/52 | 466 | 435 | ||
Goldman Sachs Group Inc. | 5.700% | 11/1/24 | 1,502 | 1,511 | ||
2 | Goldman Sachs Group Inc. | 3.272% | 9/29/25 | 1,425 | 1,370 | |
Goldman Sachs Group Inc. | 1.431% | 3/9/27 | 1,310 | 1,155 | ||
2 | Goldman Sachs Group Inc. | 3.814% | 4/23/29 | 235 | 215 | |
2 | Goldman Sachs Group Inc. | 4.223% | 5/1/29 | 285 | 267 | |
Goldman Sachs Group Inc. | 2.615% | 4/22/32 | 420 | 338 | ||
Goldman Sachs Group Inc. | 2.383% | 7/21/32 | 545 | 428 | ||
Goldman Sachs Group Inc. | 2.650% | 10/21/32 | 1,055 | 841 | ||
6 | Gray Oak Pipeline LLC | 2.600% | 10/15/25 | 291 | 264 | |
6 | Gray Oak Pipeline LLC | 3.450% | 10/15/27 | 45 | 40 | |
6 | HCA Inc. | 4.625% | 3/15/52 | 460 | 362 | |
Hess Corp. | 4.300% | 4/1/27 | 810 | 775 | ||
Hess Corp. | 7.300% | 8/15/31 | 590 | 640 | ||
8 | Honeywell International Inc. | 4.125% | 11/2/34 | 1,410 | 1,474 | |
Intel Corp. | 5.625% | 2/10/43 | 40 | 39 | ||
Intel Corp. | 3.050% | 8/12/51 | 730 | 470 | ||
Intel Corp. | 4.900% | 8/5/52 | 285 | 252 | ||
Intel Corp. | 5.700% | 2/10/53 | 510 | 498 | ||
Intercontinental Exchange Inc. | 4.350% | 6/15/29 | 4,257 | 4,122 | ||
Intercontinental Exchange Inc. | 4.950% | 6/15/52 | 190 | 180 | ||
6 | ITC Holdings Corp. | 4.950% | 9/22/27 | 295 | 291 | |
JPMorgan Chase & Co. | 0.563% | 2/16/25 | 1,735 | 1,645 | ||
JPMorgan Chase & Co. | 2.947% | 2/24/28 | 2,395 | 2,173 | ||
JPMorgan Chase & Co. | 4.912% | 7/25/33 | 1,726 | 1,652 | ||
2 | JPMorgan Chase & Co. | 3.964% | 11/15/48 | 500 | 402 | |
2 | Kaiser Foundation Hospitals | 2.810% | 6/1/41 | 710 | 521 | |
Kaiser Foundation Hospitals | 4.875% | 4/1/42 | 235 | 230 | ||
6 | KeySpan Gas East Corp. | 2.742% | 8/15/26 | 500 | 448 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Kroger Co. | 4.450% | 2/1/47 | 220 | 184 | ||
6 | Liberty Mutual Group Inc. | 4.569% | 2/1/29 | 2,961 | 2,799 | |
M&T Bank Corp. | 5.053% | 1/27/34 | 1,165 | 1,112 | ||
Manufacturers & Traders Trust Co. | 4.700% | 1/27/28 | 789 | 766 | ||
Marathon Oil Corp. | 6.600% | 10/1/37 | 820 | 817 | ||
Marsh & McLennan Cos. Inc. | 4.375% | 3/15/29 | 705 | 672 | ||
6 | Massachusetts Mutual Life Insurance Co. | 3.375% | 4/15/50 | 140 | 101 | |
McCormick & Co. Inc. | 2.500% | 4/15/30 | 140 | 116 | ||
Merck & Co. Inc. | 3.400% | 3/7/29 | 500 | 464 | ||
Microchip Technology Inc. | 0.972% | 2/15/24 | 1,080 | 1,032 | ||
Microsoft Corp. | 2.921% | 3/17/52 | 650 | 468 | ||
2,9 | Molson Coors International LP | 2.840% | 7/15/23 | 1,825 | 1,326 | |
2,8 | Mondelez International Holdings Netherlands BV | 0.875% | 10/1/31 | 425 | 348 | |
2,8 | Mondelez International Holdings Netherlands BV | 0.625% | 9/9/32 | 155 | 121 | |
8 | Mondelez International Inc. | 0.250% | 3/17/28 | 605 | 532 | |
2 | Morgan Stanley | 0.864% | 10/21/25 | 1,750 | 1,613 | |
2 | Morgan Stanley | 3.125% | 7/27/26 | 2,100 | 1,955 | |
2 | Morgan Stanley | 3.772% | 1/24/29 | 175 | 162 | |
8 | Morgan Stanley | 0.497% | 2/7/31 | 675 | 544 | |
2 | Morgan Stanley | 2.511% | 10/20/32 | 2,170 | 1,714 | |
Morgan Stanley | 5.948% | 1/19/38 | 576 | 561 | ||
National Retail Properties Inc. | 3.900% | 6/15/24 | 400 | 391 | ||
2,10 | Nestle Holdings Inc. | 1.375% | 6/23/33 | 560 | 493 | |
4 | NextEra Energy Capital Holdings Inc. | 6.051% | 3/1/25 | 115 | 116 | |
6 | Niagara Mohawk Power Corp. | 1.960% | 6/27/30 | 670 | 533 | |
6 | Northwestern Mutual Life Insurance Co. | 3.850% | 9/30/47 | 280 | 221 | |
6 | Northwestern Mutual Life Insurance Co. | 3.625% | 9/30/59 | 12 | 8 | |
6 | Oglethorpe Power Corp. | 6.191% | 1/1/31 | 285 | 285 | |
Oglethorpe Power Corp. | 4.550% | 6/1/44 | 20 | 16 | ||
Oglethorpe Power Corp. | 4.250% | 4/1/46 | 81 | 61 | ||
Oracle Corp. | 2.875% | 3/25/31 | 1,015 | 841 | ||
Pacific Gas & Electric Co. | 5.900% | 6/15/32 | 635 | 613 | ||
Pacific Gas & Electric Co. | 6.150% | 1/15/33 | 1,218 | 1,204 | ||
Pacific Gas & Electric Co. | 4.500% | 7/1/40 | 702 | 549 | ||
PacifiCorp | 2.700% | 9/15/30 | 160 | 137 | ||
6 | Pennsylvania Electric Co. | 3.600% | 6/1/29 | 124 | 111 | |
6 | Penske Truck Leasing Co. LP | 2.700% | 11/1/24 | 180 | 171 | |
6 | Penske Truck Leasing Co. LP | 3.950% | 3/10/25 | 740 | 711 | |
6 | Penske Truck Leasing Co. LP | 4.000% | 7/15/25 | 140 | 134 | |
6 | Penske Truck Leasing Co. LP | 5.700% | 2/1/28 | 205 | 205 | |
Pfizer Inc. | 1.700% | 5/28/30 | 195 | 159 | ||
Philip Morris International Inc. | 5.125% | 11/17/27 | 420 | 418 | ||
Philip Morris International Inc. | 5.625% | 11/17/29 | 290 | 294 | ||
Philip Morris International Inc. | 5.125% | 2/15/30 | 765 | 749 | ||
Philip Morris International Inc. | 5.750% | 11/17/32 | 700 | 708 | ||
Philip Morris International Inc. | 5.375% | 2/15/33 | 2,464 | 2,423 | ||
Piedmont Natural Gas Co. Inc. | 5.050% | 5/15/52 | 360 | 329 | ||
4 | PPL Electric Utilities Corp. | 5.250% | 5/15/53 | 490 | 483 | |
Progressive Corp. | 3.950% | 3/26/50 | 245 | 200 | ||
2 | Providence St. Joseph Health Obligated Group | 3.930% | 10/1/48 | 245 | 191 | |
2 | Prudential Financial Inc. | 3.700% | 3/13/51 | 830 | 634 | |
QUALCOMM Inc. | 4.250% | 5/20/32 | 600 | 574 | ||
QUALCOMM Inc. | 4.500% | 5/20/52 | 160 | 142 | ||
Raytheon Technologies Corp. | 3.950% | 8/16/25 | 310 | 301 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Raytheon Technologies Corp. | 4.450% | 11/16/38 | 550 | 497 | ||
Realty Income Corp. | 3.400% | 1/15/28 | 365 | 338 | ||
Realty Income Corp. | 2.200% | 6/15/28 | 185 | 160 | ||
Realty Income Corp. | 3.100% | 12/15/29 | 550 | 483 | ||
Realty Income Corp. | 2.850% | 12/15/32 | 80 | 65 | ||
10 | Realty Income Corp. | 1.750% | 7/13/33 | 635 | 544 | |
6 | S&P Global Inc. | 2.700% | 3/1/29 | 385 | 338 | |
6 | S&P Global Inc. | 2.900% | 3/1/32 | 390 | 333 | |
6 | S&P Global Inc. | 3.700% | 3/1/52 | 135 | 107 | |
2 | San Diego Gas & Electric Co. | 4.100% | 6/15/49 | 174 | 141 | |
6 | SBA Tower Trust | 1.884% | 1/15/26 | 110 | 97 | |
6 | SBA Tower Trust | 1.631% | 11/15/26 | 615 | 523 | |
2 | SCE Recovery Funding LLC | 0.861% | 11/15/31 | 217 | 181 | |
2 | SCE Recovery Funding LLC | 1.942% | 5/15/38 | 105 | 74 | |
2 | SCE Recovery Funding LLC | 2.510% | 11/15/43 | 60 | 40 | |
Sempra Energy | 3.250% | 6/15/27 | 1,000 | 920 | ||
Sierra Pacific Power Co. | 2.600% | 5/1/26 | 180 | 166 | ||
2 | Southern California Edison Co. | 3.700% | 8/1/25 | 30 | 29 | |
Southern California Edison Co. | 5.950% | 11/1/32 | 1,250 | 1,302 | ||
2 | Southern California Edison Co. | 2.950% | 2/1/51 | 515 | 331 | |
Southern California Gas Co. | 2.950% | 4/15/27 | 480 | 444 | ||
6 | Sprint Spectrum Co. LLC | 4.738% | 3/20/25 | 619 | 611 | |
2 | SSM Health Care Corp. | 3.823% | 6/1/27 | 380 | 359 | |
Teledyne Technologies Inc. | 2.750% | 4/1/31 | 490 | 401 | ||
6 | Texas Electric Market Stabilization Funding N LLC | 4.265% | 8/1/34 | 853 | 804 | |
8 | Thermo Fisher Scientific Inc. | 3.650% | 11/21/34 | 1,465 | 1,487 | |
T-Mobile USA Inc. | 3.375% | 4/15/29 | 1,685 | 1,491 | ||
T-Mobile USA Inc. | 2.700% | 3/15/32 | 1,155 | 935 | ||
Toledo Hospital | 5.750% | 11/15/38 | 150 | 145 | ||
4 | Trane Technologies Financing Ltd. | 5.250% | 3/3/33 | 385 | 383 | |
2 | United Airlines Pass-Through Trust Class B Series 2018-1 | 4.600% | 3/1/26 | 47 | 45 | |
UnitedHealth Group Inc. | 3.850% | 6/15/28 | 415 | 394 | ||
UnitedHealth Group Inc. | 2.000% | 5/15/30 | 215 | 176 | ||
UnitedHealth Group Inc. | 4.200% | 5/15/32 | 260 | 245 | ||
UnitedHealth Group Inc. | 4.625% | 7/15/35 | 90 | 86 | ||
UnitedHealth Group Inc. | 4.750% | 5/15/52 | 50 | 46 | ||
US Bancorp | 2.491% | 11/3/36 | 569 | 438 | ||
Verizon Communications Inc. | 2.355% | 3/15/32 | 1,645 | 1,292 | ||
6 | VICI Properties LP | 4.125% | 8/15/30 | 285 | 248 | |
8 | Visa Inc. | 2.375% | 6/15/34 | 420 | 394 | |
6 | Warnermedia Holdings Inc. | 4.054% | 3/15/29 | 1,746 | 1,560 | |
2,9 | Wells Fargo & Co. | 2.975% | 5/19/26 | 600 | 413 | |
2 | Wells Fargo & Co. | 3.526% | 3/24/28 | 1,695 | 1,570 | |
2 | Wells Fargo & Co. | 4.611% | 4/25/53 | 575 | 498 | |
129,278 | ||||||
Total Corporate Bonds (Cost $228,139) | 206,793 | |||||
Sovereign Bonds (5.2%) | ||||||
Australia (0.2%) | ||||||
2,11 | Commonwealth of Australia | 2.750% | 11/21/27 | 160 | 103 | |
2,11 | Commonwealth of Australia | 2.250% | 5/21/28 | 870 | 547 | |
2,11 | Commonwealth of Australia | 1.000% | 11/21/31 | 955 | 510 | |
1,160 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Bermuda (0.0%) | ||||||
2,6 | Bermuda | 2.375% | 8/20/30 | 200 | 166 | |
Bulgaria (0.2%) | ||||||
6,8 | Republic of Bulgaria | 4.500% | 1/27/33 | 1,185 | 1,218 | |
Canada (1.0%) | ||||||
9 | Canadian Government Bond | 1.000% | 9/1/26 | 1,065 | 713 | |
9 | Canadian Government Bond | 2.750% | 9/1/27 | 660 | 468 | |
9 | Canadian Government Bond | 1.500% | 12/1/31 | 1,000 | 631 | |
9 | City of Montreal | 3.500% | 12/1/38 | 910 | 590 | |
9 | City of Toronto | 3.200% | 8/1/48 | 1,000 | 583 | |
9 | Municipal Finance Authority of British Columbia | 4.950% | 12/1/27 | 600 | 460 | |
9 | Province of Ontario | 2.900% | 6/2/28 | 815 | 570 | |
2,12 | Province of Ontario | 0.250% | 6/28/29 | 1,075 | 1,030 | |
9 | Regional Municipality of York | 2.150% | 6/22/31 | 500 | 317 | |
5,362 | ||||||
Chile (0.2%) | ||||||
2 | Corp. Nacional del Cobre de Chile | 3.625% | 8/1/27 | 800 | 746 | |
France (0.1%) | ||||||
2,8 | Electricite de France SA | 1.000% | 11/29/33 | 800 | 597 | |
Japan (0.1%) | ||||||
2,13 | Japan | 0.700% | 6/20/51 | 80,700 | 498 | |
Qatar (0.4%) | ||||||
2,6 | Qatar Energy | 2.250% | 7/12/31 | 480 | 394 | |
2,6 | Qatar Energy | 3.125% | 7/12/41 | 405 | 308 | |
2,6 | State of Qatar | 3.875% | 4/23/23 | 785 | 783 | |
2,6 | State of Qatar | 5.103% | 4/23/48 | 285 | 283 | |
2,6 | State of Qatar | 4.400% | 4/16/50 | 205 | 185 | |
1,953 | ||||||
Romania (0.1%) | ||||||
2,6,8 | Republic of Romania | 2.000% | 4/14/33 | 412 | 287 | |
2,8 | Republic of Romania | 2.625% | 12/2/40 | 280 | 167 | |
454 | ||||||
Saudi Arabia (0.2%) | ||||||
2,6 | Kingdom of Saudi Arabia | 5.000% | 1/18/53 | 405 | 372 | |
2,6 | Saudi Arabian Oil Co. | 3.500% | 4/16/29 | 585 | 535 | |
907 | ||||||
Spain (0.1%) | ||||||
6,8 | Kingdom of Spain | 0.600% | 10/31/29 | 775 | 687 | |
Supranational (2.6%) | ||||||
2,8,14 | European Financial Stability Facility | 0.875% | 7/26/27 | 5,485 | 5,244 | |
2,8 | European Investment Bank | 3.000% | 10/14/33 | 1,035 | 1,068 | |
8 | European Stability Mechanism | 0.000% | 12/16/24 | 525 | 523 | |
8 | European Stability Mechanism | 0.000% | 12/15/26 | 775 | 726 | |
2,8 | European Union | 0.000% | 7/4/31 | 2,310 | 1,883 | |
2,8 | European Union | 1.000% | 7/6/32 | 1,475 | 1,281 | |
2,8 | European Union | 0.000% | 7/4/35 | 1,815 | 1,280 | |
2,8 | European Union | 0.200% | 6/4/36 | 2,475 | 1,731 | |
13,736 | ||||||
Total Sovereign Bonds (Cost $31,884) | 27,484 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Taxable Municipal Bonds (1.2%) | ||||||
United States (1.2%) | ||||||
Broward County FL Airport System Revenue | 3.477% | 10/1/43 | 80 | 65 | ||
Chicago IL Transit Authority Sales & Transfer Tax Receipts Revenue | 6.899% | 12/1/40 | 35 | 39 | ||
Connecticut GO | 2.000% | 7/1/23 | 135 | 134 | ||
Connecticut GO | 5.770% | 3/15/25 | 250 | 254 | ||
Dallas-Fort Worth TX International Airport Revenue | 3.089% | 11/1/40 | 60 | 48 | ||
Dallas-Fort Worth TX International Airport Revenue | 4.087% | 11/1/51 | 30 | 26 | ||
Dallas-Fort Worth TX International Airport Revenue | 4.507% | 11/1/51 | 195 | 182 | ||
Foothill-Eastern Transportation Corridor Agency CA Toll Road Revenue | 4.094% | 1/15/49 | 45 | 36 | ||
Georgia Municipal Electric Power Authority Revenue | 6.637% | 4/1/57 | 532 | 583 | ||
Golden State Tobacco Securitization Corp. California Revenue | 2.746% | 6/1/34 | 20 | 16 | ||
Golden State Tobacco Securitization Corp. California Revenue | 3.293% | 6/1/42 | 40 | 30 | ||
Golden State Tobacco Securitization Corp. California Revenue | 3.000% | 6/1/46 | 85 | 78 | ||
Grand Parkway Transportation Corp. Texas System Toll Revenue | 3.236% | 10/1/52 | 210 | 157 | ||
Illinois GO | 5.100% | 6/1/33 | 2,660 | 2,614 | ||
15 | Kansas Development Finance Authority Revenue (Employees Retirement System) | 5.371% | 5/1/26 | 530 | 533 | |
New York Metropolitan Transportation Authority Revenue (Build America Bonds) | 6.200% | 11/15/26 | 15 | 15 | ||
New York Metropolitan Transportation Authority Revenue (Build America Bonds) | 6.668% | 11/15/39 | 155 | 167 | ||
New York Metropolitan Transportation Authority Revenue (Build America Bonds) | 6.814% | 11/15/40 | 380 | 410 | ||
New York State Dormitory Authority Revenue (Personal Income Tax) | 3.110% | 2/15/39 | 210 | 173 | ||
16 | Philadelphia PA Authority for Industrial Development Revenue | 6.550% | 10/15/28 | 525 | 550 | |
Port Authority of New York & New Jersey Revenue | 3.175% | 7/15/60 | 160 | 113 | ||
Total Taxable Municipal Bonds (Cost $7,005) | 6,223 |
Coupon | Shares | Market Value• ($000) | ||||
Temporary Cash Investments (6.2%) | ||||||
Money Market Fund (6.2%) | ||||||
17,18 | Vanguard Market Liquidity Fund (Cost $33,132) | 4.640% | 331,397 | 33,137 | ||
Total Investments (102.4%) (Cost $540,710) | 543,617 | |||||
Other Assets and Liabilities—Net (-2.4%) | (12,892) | |||||
Net Assets (100%) | 530,725 |
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $158,000. |
2 | The average or expected maturity is shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or the possibility of the issue being called. |
3 | The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as needed to maintain a positive net worth, in exchange for senior preferred stock. |
4 | Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of February 28, 2023. |
5 | Securities with a value of $1,339,000 have been segregated as initial margin for open futures contracts. |
6 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2023, the aggregate value was $59,062,000, representing 11.1% of net assets. |
7 | Variable-rate security; rate shown is effective rate at period end. Certain variable-rate securities are not based on a published reference rate and spread but are determined by the issuer or agent based on current market conditions. |
8 | Face amount denominated in euro. |
9 | Face amount denominated in Canadian dollars. |
10 | Face amount denominated in British pounds. |
11 | Face amount denominated in Australian dollars. |
12 | Face amount denominated in Swiss francs. |
13 | Face amount denominated in Japanese yen. |
14 | Guaranteed by the Government of Luxembourg. |
15 | Scheduled principal and interest payments are guaranteed by Assured Guaranty Municipal Corp. |
16 | Scheduled principal and interest payments are guaranteed by National Public Finance Guarantee Corp. |
17 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
18 | Collateral of $165,000 was received for securities on loan, of which $164,000 is held in Vanguard Market Liquidity Fund and $1,000 is held in cash. |
1M—1-month. | |
DAC—Designated Activity Company. | |
GO—General Obligation Bond. | |
LIBOR—London Interbank Offered Rate. | |
REMICS—Real Estate Mortgage Investment Conduits. | |
SOFR30A—30 Day Average Secured Overnight Financing Rate. | |
UMBS—Uniform Mortgage-Backed Securities. | |
USD—U.S. dollar. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
2-Year U.S. Treasury Note | June 2023 | 40 | 8,149 | (18) |
5-Year U.S. Treasury Note | June 2023 | 69 | 7,387 | (9) |
Euro-Bobl | March 2023 | 91 | 11,086 | (342) |
Euro-Buxl | March 2023 | 18 | 2,557 | (173) |
Euro-OAT | March 2023 | 6 | 810 | (45) |
Euro-Schatz | March 2023 | 61 | 6,773 | (101) |
Long Gilt | June 2023 | 21 | 2,525 | (34) |
(722) | ||||
Short Futures Contracts | ||||
10-Year U.S. Treasury Note | June 2023 | (236) | (26,351) | 14 |
Euro-Bund | March 2023 | (48) | (6,748) | 319 |
Ultra 10-Year U.S. Treasury Note | June 2023 | (146) | (17,109) | 9 |
342 | ||||
(380) |
Forward Currency Contracts | |||||||
Contract Settlement Date | Contract Amount (000) | Unrealized Appreciation ($000) | Unrealized (Depreciation) ($000) | ||||
Counterparty | Receive | Deliver | |||||
Goldman Sachs International | 3/31/23 | CAD | 675 | USD | 496 | — | (1) |
Goldman Sachs International | 3/31/23 | EUR | 3,295 | USD | 3,510 | — | (19) |
Goldman Sachs International | 3/31/23 | GBP | 743 | USD | 900 | — | (6) |
JPMorgan Chase Bank, N.A. | 3/31/23 | JPY | 193,643 | USD | 1,446 | — | (17) |
Goldman Sachs International | 3/31/23 | USD | 4,076 | AUD | 5,967 | 56 | — |
Goldman Sachs International | 3/31/23 | USD | 9,336 | CAD | 12,633 | 75 | — |
Bank of America, N.A. | 3/31/23 | USD | 1,079 | CHF | 997 | 16 | — |
Goldman Sachs International | 3/31/23 | USD | 63,040 | EUR | 59,068 | 448 | — |
JPMorgan Chase Bank, N.A. | 3/31/23 | USD | 8,951 | GBP | 7,387 | 61 | — |
JPMorgan Chase Bank, N.A. | 3/31/23 | AUD | 1,970 | GBP | 1,112 | — | (11) |
JPMorgan Chase Bank, N.A. | 3/31/23 | EUR | 277 | GBP | 244 | — | — |
Bank of America, N.A. | 3/31/23 | AUD | 2,285 | JPY | 209,400 | — | (6) |
Bank of America, N.A. | 3/31/23 | GBP | 401 | JPY | 65,000 | 3 | — |
659 | (60) |
AUD—Australian dollar. |
CAD—Canadian dollar. |
CHF—Swiss franc. |
EUR—euro. |
GBP—British pound. |
JPY—Japanese yen. |
USD—U.S. dollar. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $507,578) | 510,480 |
Affiliated Issuers (Cost $33,132) | 33,137 |
Total Investments in Securities | 543,617 |
Investment in Vanguard | 19 |
Cash | 175 |
Foreign Currency, at Value (Cost $2,621) | 2,621 |
Receivables for Investment Securities Sold | 9,710 |
Receivables for Accrued Income | 3,545 |
Receivables for Capital Shares Issued | 180 |
Unrealized Appreciation—Forward Currency Contracts | 659 |
Total Assets | 560,526 |
Liabilities | |
Payables for Investment Securities Purchased | 29,143 |
Collateral for Securities on Loan | 165 |
Payables for Capital Shares Redeemed | 147 |
Payables to Investment Advisor | 182 |
Payables to Vanguard | 64 |
Variation Margin Payable—Futures Contracts | 40 |
Unrealized Depreciation—Forward Currency Contracts | 60 |
Total Liabilities | 29,801 |
Net Assets | 530,725 |
1 Includes $158,000 of securities on loan. |
Statement of Assets and Liabilities (continued) | |
At February 28, 2023, net assets consisted of: | |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Paid-in Capital | 539,365 |
Total Distributable Earnings (Loss) | (8,640) |
Net Assets | 530,725 |
Investor Shares—Net Assets | |
Applicable to 4,124,516 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 83,669 |
Net Asset Value Per Share—Investor Shares | $20.29 |
Admiral Shares—Net Assets | |
Applicable to 17,627,251 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 447,056 |
Net Asset Value Per Share—Admiral Shares | $25.36 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 2,394 |
Interest2 | 5,318 |
Securities Lending—Net | 12 |
Total Income | 7,724 |
Expenses | |
Investment Advisory Fees—Note B | |
Basic Fee | 310 |
Performance Adjustment | 48 |
The Vanguard Group—Note C | |
Management and Administrative—Investor Shares | 108 |
Management and Administrative—Admiral Shares | 333 |
Marketing and Distribution—Investor Shares | 3 |
Marketing and Distribution—Admiral Shares | 11 |
Custodian Fees | 13 |
Shareholders’ Reports—Investor Shares | 8 |
Shareholders’ Reports—Admiral Shares | 8 |
Trustees’ Fees and Expenses | — |
Other Expenses | 35 |
Total Expenses | 877 |
Expenses Paid Indirectly | (2) |
Net Expenses | 875 |
Net Investment Income | 6,849 |
Realized Net Gain (Loss) | |
Investment Securities Sold2 | (13,872) |
Futures Contracts | 1,956 |
Forward Currency Contracts | (3,137) |
Foreign Currencies | 364 |
Realized Net Gain (Loss) | (14,689) |
Statement of Operations (continued) | |
Six Months Ended February 28, 2023 | |
($000) | |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 21,892 |
Futures Contracts | (288) |
Forward Currency Contracts | 696 |
Foreign Currencies | 74 |
Change in Unrealized Appreciation (Depreciation) | 22,374 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 14,534 |
1 | Dividends are net of foreign withholding taxes of $159,000. |
2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $503,000, $1,000, less than $1,000, and $4,000, respectively. Purchases and sales are for temporary cash investment purposes. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 6,849 | 13,145 | |
Realized Net Gain (Loss) | (14,689) | 8,501 | |
Change in Unrealized Appreciation (Depreciation) | 22,374 | (73,665) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 14,534 | (52,019) | |
Distributions | |||
Investor Shares | (502) | (1,799) | |
Admiral Shares | (2,946) | (10,522) | |
Total Distributions | (3,448) | (12,321) | |
Capital Share Transactions | |||
Investor Shares | 503 | (48) | |
Admiral Shares | (8,247) | 12,787 | |
Net Increase (Decrease) from Capital Share Transactions | (7,744) | 12,739 | |
Total Increase (Decrease) | 3,342 | (51,601) | |
Net Assets | |||
Beginning of Period | 527,383 | 578,984 | |
End of Period | 530,725 | 527,383 |
Investor Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | October 18, 20171 to August 31, 2018 | |||
2022 | 2021 | 2020 | 2019 | |||
Net Asset Value, Beginning of Period | $19.82 | $22.22 | $20.42 | $20.16 | $19.87 | $20.00 |
Investment Operations | ||||||
Net Investment Income2 | .253 | .474 | .446 | .453 | .513 | .443 |
Net Realized and Unrealized Gain (Loss) on Investments | .341 | (2.430) | 1.747 | .263 | .529 | (.269) |
Total from Investment Operations | .594 | (1.956) | 2.193 | .716 | 1.042 | .174 |
Distributions | ||||||
Dividends from Net Investment Income | (.124) | (.444) | (.393) | (.456) | (.473) | (.304) |
Distributions from Realized Capital Gains | — | — | — | — | (.279) | — |
Total Distributions | (.124) | (.444) | (.393) | (.456) | (.752) | (.304) |
Net Asset Value, End of Period | $20.29 | $19.82 | $22.22 | $20.42 | $20.16 | $19.87 |
Total Return3 | 3.01% | -8.94% | 10.83% | 3.66% | 5.50% | 0.88% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $84 | $81 | $91 | $81 | $85 | $93 |
Ratio of Total Expenses to Average Net Assets4 | 0.45%5 | 0.42%5 | 0.41% | 0.41% | 0.42% | 0.43%5,6 |
Ratio of Net Investment Income to Average Net Assets | 2.58% | 2.23% | 2.09% | 2.27% | 2.63% | 2.68%6 |
Portfolio Turnover Rate | 85%7 | 119%7 | 99%7 | 72%7 | 90% | 39% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Subscription period for the fund was October 18, 2017, to November 1, 2017, during which time all assets were held in cash. Performance measurement began November 2, 2017, the first business day after the subscription period, at a net asset value of $20.00. |
2 | Calculated based on average shares outstanding. |
3 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
4 | Includes performance-based investment advisory fee increases (decreases) of 0.02%, 0.00%, (0.01%), (0.01%), and (0.01%). Performance-based investment advisory fees did not apply before fiscal year 2019. |
5 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.45%, 0.42%, and 0.42%, respectively. |
6 | Annualized. |
7 | Includes 23%, 27%, 33%, and 1%, respectively, attributable to mortgage-dollar-roll activity. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | October 18, 20171 to August 31, 2018 | |||
2022 | 2021 | 2020 | 2019 | |||
Net Asset Value, Beginning of Period | $24.78 | $27.78 | $25.53 | $25.20 | $24.84 | $25.00 |
Investment Operations | ||||||
Net Investment Income2 | .332 | .627 | .594 | .592 | .666 | .577 |
Net Realized and Unrealized Gain (Loss) on Investments | .418 | (3.035) | 2.178 | .334 | .658 | (.341) |
Total from Investment Operations | .750 | (2.408) | 2.772 | .926 | 1.324 | .236 |
Distributions | ||||||
Dividends from Net Investment Income | (.170) | (.592) | (.522) | (.596) | (.616) | (.396) |
Distributions from Realized Capital Gains | — | — | — | — | (.348) | — |
Total Distributions | (.170) | (.592) | (.522) | (.596) | (.964) | (.396) |
Net Asset Value, End of Period | $25.36 | $24.78 | $27.78 | $25.53 | $25.20 | $24.84 |
Total Return3 | 3.05% | -8.81% | 10.96% | 3.79% | 5.60% | 0.96% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $447 | $446 | $488 | $389 | $379 | $408 |
Ratio of Total Expenses to Average Net Assets4 | 0.32%5 | 0.29%5 | 0.28% | 0.31% | 0.32% | 0.33%5,6 |
Ratio of Net Investment Income to Average Net Assets | 2.71% | 2.36% | 2.22% | 2.37% | 2.73% | 2.78%6 |
Portfolio Turnover Rate | 85%7 | 119%7 | 99%7 | 72%7 | 90% | 39% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Subscription period for the fund was October 18, 2017, to November 1, 2017, during which time all assets were held in cash. Performance measurement began November 2, 2017, the first business day after the subscription period, at a net asset value of $25.00. |
2 | Calculated based on average shares outstanding. |
3 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
4 | Includes performance-based investment advisory fee increases (decreases) of 0.02%, 0.00%, (0.01%), (0.01%), and (0.01%). Performance-based investment advisory fees did not apply before fiscal year 2019. |
5 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.32%, 0.29%, and 0.32%, respectively. |
6 | Annualized. |
7 | Includes 23%, 27%, 33%, and 1%, respectively, attributable to mortgage-dollar-roll activity. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks—North and South America | 97,146 | — | — | 97,146 |
Common Stocks—Other | — | 101,699 | — | 101,699 |
U.S. Government and Agency Obligations | — | 64,412 | — | 64,412 |
Asset-Backed/Commercial Mortgage-Backed Securities | — | 6,723 | — | 6,723 |
Corporate Bonds | — | 206,793 | — | 206,793 |
Sovereign Bonds | — | 27,484 | — | 27,484 |
Taxable Municipal Bonds | — | 6,223 | — | 6,223 |
Temporary Cash Investments | 33,137 | — | — | 33,137 |
Total | 130,283 | 413,334 | — | 543,617 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 342 | — | — | 342 |
Forward Currency Contracts | — | 659 | — | 659 |
Total | 342 | 659 | — | 1,001 |
Liabilities | ||||
Futures Contracts1 | 722 | — | — | 722 |
Forward Currency Contracts | — | 60 | — | 60 |
Total | 722 | 60 | — | 782 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Statement of Assets and Liabilities | Interest Rate Contracts ($000) | Foreign Exchange Contracts ($000) | Total ($000) |
Unrealized Appreciation—Futures Contracts1 | 342 | — | 342 |
Unrealized Appreciation—Forward Currency Contracts | — | 659 | 659 |
Total Assets | 342 | 659 | 1,001 |
Unrealized Depreciation—Futures Contracts1 | 722 | — | 722 |
Unrealized Depreciation—Forward Currency Contracts | — | 60 | 60 |
Total Liabilities | 722 | 60 | 782 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Realized Net Gain (Loss) on Derivatives | Interest Rate Contracts ($000) | Foreign Exchange Contracts ($000) | Total ($000) |
Futures Contracts | 1,956 | — | 1,956 |
Forward Currency Contracts | — | (3,137) | (3,137) |
Realized Net Gain (Loss) on Derivatives | 1,956 | (3,137) | (1,181) |
Change in Unrealized Appreciation (Depreciation) on Derivatives | |||
Futures Contracts | (288) | — | (288) |
Forward Currency Contracts | — | 696 | 696 |
Change in Unrealized Appreciation (Depreciation) on Derivatives | (288) | 696 | 408 |
Amount ($000) | |
Tax Cost | 541,040 |
Gross Unrealized Appreciation | 39,023 |
Gross Unrealized Depreciation | (36,227) |
Net Unrealized Appreciation (Depreciation) | 2,796 |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Investor Shares | |||||
Issued | 11,744 | 583 | 32,516 | 1,511 | |
Issued in Lieu of Cash Distributions | 431 | 22 | 1,541 | 72 | |
Redeemed | (11,672) | (583) | (34,105) | (1,597) | |
Net Increase (Decrease)—Investor Shares | 503 | 22 | (48) | (14) | |
Admiral Shares | |||||
Issued | 48,973 | 1,948 | 142,004 | 5,302 | |
Issued in Lieu of Cash Distributions | 2,332 | 95 | 8,418 | 315 | |
Redeemed | (59,552) | (2,413) | (137,635) | (5,166) | |
Net Increase (Decrease)—Admiral Shares | (8,247) | (370) | 12,787 | 451 |
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• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2023 | |||
ESG U.S. Stock ETF | Beginning Account Value 8/31/2022 | Ending Account Value 2/28/2023 | Expenses Paid During Period |
Based on Actual Fund Return | $1,000.00 | $1,008.20 | $0.45 |
Based on Hypothetical 5% Yearly Return | 1,000.00 | 1,024.35 | 0.45 |
Basic Materials | 2.0% |
Consumer Discretionary | 16.2 |
Consumer Staples | 5.8 |
Energy | 0.3 |
Financials | 12.1 |
Health Care | 15.1 |
Industrials | 11.3 |
Real Estate | 3.9 |
Technology | 29.8 |
Telecommunications | 2.9 |
Utilities | 0.6 |
Shares | Market Value• ($000) | |||||
Common Stocks (99.5%) | ||||||
Basic Materials (2.0%) | ||||||
Linde plc | 92,286 | 32,150 | ||||
Air Products and Chemicals Inc. | 41,324 | 11,818 | ||||
Nucor Corp. | 47,788 | 8,002 | ||||
Newmont Corp. | 148,449 | 6,474 | ||||
Albemarle Corp. | 21,872 | 5,562 | ||||
Fastenal Co. | 107,430 | 5,539 | ||||
LyondellBasell Industries NV Class A | 47,983 | 4,606 | ||||
International Flavors & Fragrances Inc. | 47,588 | 4,435 | ||||
Steel Dynamics Inc. | 31,076 | 3,919 | ||||
Mosaic Co. | 63,458 | 3,375 | ||||
CF Industries Holdings Inc. | 36,515 | 3,136 | ||||
FMC Corp. | 23,499 | 3,035 | ||||
Avery Dennison Corp. | 15,199 | 2,769 | ||||
Reliance Steel & Aluminum Co. | 10,903 | 2,702 | ||||
International Paper Co. | 66,226 | 2,410 | ||||
Royal Gold Inc. | 12,298 | 1,461 | ||||
United States Steel Corp. | 43,238 | 1,324 | ||||
Valvoline Inc. | 32,984 | 1,161 | ||||
* | Univar Solutions Inc. | 29,932 | 1,040 | |||
Huntsman Corp. | 34,064 | 1,000 | ||||
Ashland Inc. | 9,457 | 963 | ||||
UFP Industries Inc. | 11,116 | 951 | ||||
Element Solutions Inc. | 42,146 | 866 | ||||
Cabot Corp. | 10,303 | 819 | ||||
Balchem Corp. | 5,893 | 766 | ||||
Avient Corp. | 17,070 | 745 | ||||
Westlake Corp. | 6,156 | 733 | ||||
* | Livent Corp. | 29,946 | 702 | |||
Scotts Miracle-Gro Co. | 7,456 | 615 | ||||
* | MP Materials Corp. | 16,990 | 595 | |||
Sensient Technologies Corp. | 7,820 | 590 | ||||
* | Ingevity Corp. | 6,963 | 575 | |||
Hecla Mining Co. | 103,278 | 532 | ||||
Boise Cascade Co. | 7,341 | 507 | ||||
Innospec Inc. | 4,560 | 499 |
Shares | Market Value• ($000) | |||||
* | Arconic Corp. | 18,811 | 497 | |||
Quaker Chemical Corp. | 2,466 | 483 | ||||
Stepan Co. | 3,977 | 414 | ||||
NewMarket Corp. | 1,114 | 383 | ||||
* | Constellium SE Class A | 23,500 | 376 | |||
Minerals Technologies Inc. | 6,066 | 369 | ||||
Tronox Holdings plc | 21,815 | 340 | ||||
Sylvamo Corp. | 6,597 | 325 | ||||
Orion Engineered Carbons SA | 11,041 | 282 | ||||
Compass Minerals International Inc. | 6,228 | 240 | ||||
Kaiser Aluminum Corp. | 2,930 | 232 | ||||
* | Piedmont Lithium Inc. | 3,123 | 203 | |||
* | Coeur Mining Inc. | 51,619 | 161 | |||
* | Century Aluminum Co. | 9,132 | 110 | |||
*,1 | Amyris Inc. | 37,100 | 46 | |||
120,837 | ||||||
Consumer Discretionary (16.1%) | ||||||
* | Amazon.com Inc. | 1,660,466 | 156,466 | |||
* | Tesla Inc. | 482,778 | 99,312 | |||
Home Depot Inc. | 193,061 | 57,250 | ||||
Costco Wholesale Corp. | 82,734 | 40,058 | ||||
McDonald's Corp. | 138,032 | 36,428 | ||||
* | Walt Disney Co. | 340,396 | 33,907 | |||
NIKE Inc. Class B | 228,869 | 27,187 | ||||
* | Netflix Inc. | 81,769 | 26,340 | |||
Lowe's Cos. Inc. | 116,031 | 23,873 | ||||
Starbucks Corp. | 214,259 | 21,874 | ||||
* | Booking Holdings Inc. | 7,228 | 18,243 | |||
TJX Cos. Inc. | 216,812 | 16,608 | ||||
Target Corp. | 86,531 | 14,580 | ||||
* | Uber Technologies Inc. | 358,524 | 11,924 | |||
Activision Blizzard Inc. | 145,008 | 11,057 | ||||
* | MercadoLibre Inc. | 8,683 | 10,593 | |||
Estee Lauder Cos. Inc. Class A | 42,906 | 10,428 | ||||
* | O'Reilly Automotive Inc. | 11,544 | 9,583 | |||
Dollar General Corp. | 42,127 | 9,112 | ||||
Ford Motor Co. | 736,211 | 8,886 | ||||
* | AutoZone Inc. | 3,504 | 8,713 | |||
* | Airbnb Inc. Class A | 70,092 | 8,641 |
Shares | Market Value• ($000) | |||||
Marriott International Inc. Class A | 49,603 | 8,395 | ||||
* | Chipotle Mexican Grill Inc. Class A | 5,236 | 7,807 | |||
Hilton Worldwide Holdings Inc. | 49,711 | 7,184 | ||||
Ross Stores Inc. | 63,693 | 7,041 | ||||
* | Warner Bros Discovery Inc. | 440,295 | 6,877 | |||
Yum! Brands Inc. | 52,625 | 6,692 | ||||
* | Lululemon Athletica Inc. | 20,824 | 6,439 | |||
* | Aptiv plc | 50,445 | 5,866 | |||
* | Dollar Tree Inc. | 39,672 | 5,764 | |||
Electronic Arts Inc. | 51,680 | 5,733 | ||||
* | Copart Inc. | 79,549 | 5,605 | |||
* | Ulta Beauty Inc. | 9,376 | 4,864 | |||
Tractor Supply Co. | 20,594 | 4,804 | ||||
Lennar Corp. Class A | 49,039 | 4,744 | ||||
eBay Inc. | 101,347 | 4,652 | ||||
Genuine Parts Co. | 25,931 | 4,586 | ||||
* | Trade Desk Inc. Class A | 81,624 | 4,568 | |||
Omnicom Group Inc. | 38,028 | 3,444 | ||||
* | Take-Two Interactive Software Inc. | 30,482 | 3,339 | |||
Best Buy Co. Inc. | 37,526 | 3,119 | ||||
* | Expedia Group Inc. | 28,204 | 3,073 | |||
* | Spotify Technology SA | 26,159 | 3,042 | |||
* | Coupang Inc. Class A | 187,413 | 2,907 | |||
* | Royal Caribbean Cruises Ltd. | 41,083 | 2,902 | |||
* | Etsy Inc. | 23,370 | 2,837 | |||
Garmin Ltd. | 28,741 | 2,820 | ||||
* | NVR Inc. | 540 | 2,794 | |||
* | Liberty Media Corp.-Liberty Formula One Class C | 39,700 | 2,694 | |||
LKQ Corp. | 46,650 | 2,673 | ||||
* | Burlington Stores Inc. | 12,338 | 2,643 | |||
Interpublic Group of Cos. Inc. | 72,468 | 2,576 | ||||
Pool Corp. | 7,072 | 2,524 | ||||
* | ROBLOX Corp. Class A | 67,783 | 2,484 | |||
Fox Corp. Class A | 67,474 | 2,363 | ||||
PulteGroup Inc. | 42,342 | 2,315 | ||||
1 | Paramount Global Class B | 107,675 | 2,306 | |||
BorgWarner Inc. | 43,596 | 2,192 | ||||
* | Live Nation Entertainment Inc. | 29,174 | 2,102 | |||
* | Five Below Inc. | 10,171 | 2,078 | |||
* | Deckers Outdoor Corp. | 4,960 | 2,065 | |||
* | CarMax Inc. | 29,437 | 2,032 | |||
Tapestry Inc. | 45,144 | 1,964 | ||||
* | Carnival Corp. | 182,236 | 1,935 | |||
Domino's Pizza Inc. | 6,577 | 1,934 | ||||
Service Corp. International | 27,909 | 1,885 | ||||
* | Rivian Automotive Inc. Class A | 97,159 | 1,875 |
Shares | Market Value• ($000) | |||||
* | BJ's Wholesale Club Holdings Inc. | 25,010 | 1,796 | |||
* | Floor & Decor Holdings Inc. Class A | 19,269 | 1,769 | |||
* | Grab Holdings Ltd. Class A | 546,218 | 1,753 | |||
Bath & Body Works Inc. | 42,746 | 1,747 | ||||
Vail Resorts Inc. | 7,461 | 1,742 | ||||
Advance Auto Parts Inc. | 11,233 | 1,628 | ||||
VF Corp. | 65,126 | 1,616 | ||||
News Corp. Class A | 93,254 | 1,599 | ||||
Aramark | 43,176 | 1,589 | ||||
Lear Corp. | 11,048 | 1,543 | ||||
Williams-Sonoma Inc. | 12,338 | 1,541 | ||||
Rollins Inc. | 43,279 | 1,523 | ||||
Autoliv Inc. | 16,303 | 1,509 | ||||
* | Crocs Inc. | 11,272 | 1,372 | |||
Whirlpool Corp. | 9,906 | 1,367 | ||||
Hasbro Inc. | 24,515 | 1,349 | ||||
Tempur Sealy International Inc. | 31,408 | 1,342 | ||||
Lithia Motors Inc. Class A | 5,106 | 1,303 | ||||
Nexstar Media Group Inc. Class A | 6,813 | 1,267 | ||||
* | Planet Fitness Inc. Class A | 15,594 | 1,264 | |||
Gentex Corp. | 43,874 | 1,253 | ||||
Wyndham Hotels & Resorts Inc. | 16,207 | 1,248 | ||||
* | SiteOne Landscape Supply Inc. | 8,311 | 1,233 | |||
Harley-Davidson Inc. | 25,087 | 1,193 | ||||
Toll Brothers Inc. | 19,773 | 1,185 | ||||
New York Times Co. Class A | 30,394 | 1,170 | ||||
* | Capri Holdings Ltd. | 23,478 | 1,164 | |||
* | Norwegian Cruise Line Holdings Ltd. | 78,196 | 1,159 | |||
* | Delta Air Lines Inc. | 30,023 | 1,151 | |||
* | Skechers USA Inc. Class A | 24,912 | 1,109 | |||
Marriott Vacations Worldwide Corp. | 7,046 | 1,078 | ||||
H&R Block Inc. | 29,003 | 1,067 | ||||
* | RH | 3,554 | 1,063 | |||
* | Avis Budget Group Inc. | 4,775 | 1,049 | |||
Newell Brands Inc. | 70,490 | 1,035 | ||||
Macy's Inc. | 50,347 | 1,030 | ||||
* | Hyatt Hotels Corp. Class A | 8,839 | 1,027 | |||
* | IAA Inc. | 25,071 | 1,026 | |||
* | Liberty Media Corp.-Liberty SiriusXM Class A | 31,380 | 1,016 | |||
Murphy USA Inc. | 3,917 | 999 | ||||
PVH Corp. | 12,127 | 973 | ||||
*,1 | GameStop Corp. Class A | 49,949 | 961 | |||
Wingstop Inc. | 5,510 | 939 | ||||
Southwest Airlines Co. | 27,747 | 932 | ||||
* | Asbury Automotive Group Inc. | 4,079 | 926 |
Shares | Market Value• ($000) | |||||
* | Fox Factory Holding Corp. | 7,844 | 922 | |||
*,1 | Lucid Group Inc. | 99,139 | 905 | |||
Ralph Lauren Corp. Class A | 7,597 | 898 | ||||
Thor Industries Inc. | 9,686 | 881 | ||||
* | AutoNation Inc. | 6,332 | 864 | |||
Leggett & Platt Inc. | 24,840 | 857 | ||||
* | Visteon Corp. | 5,128 | 857 | |||
* | Bright Horizons Family Solutions Inc. | 10,711 | 844 | |||
U-Haul Holding Co. | 14,816 | 824 | ||||
* | United Airlines Holdings Inc. | 15,417 | 801 | |||
* | Hilton Grand Vacations Inc. | 15,933 | 761 | |||
* | Adient plc | 17,592 | 752 | |||
* | Coty Inc. Class A | 65,973 | 745 | |||
* | Meritage Homes Corp. | 6,808 | 744 | |||
* | Peloton Interactive Inc. Class A | 57,423 | 742 | |||
TEGNA Inc. | 41,363 | 720 | ||||
Choice Hotels International Inc. | 5,986 | 708 | ||||
Wendy's Co. | 31,816 | 699 | ||||
Penske Automotive Group Inc. | 4,843 | 698 | ||||
* | Taylor Morrison Home Corp. Class A | 19,419 | 696 | |||
*,1 | AMC Entertainment Holdings Inc. Class A | 96,510 | 689 | |||
Madison Square Garden Sports Corp. | 3,602 | 688 | ||||
* | Skyline Champion Corp. | 9,949 | 681 | |||
* | Ollie's Bargain Outlet Holdings Inc. | 11,680 | 672 | |||
World Wrestling Entertainment Inc. Class A | 7,971 | 670 | ||||
Foot Locker Inc. | 15,048 | 658 | ||||
* | Grand Canyon Education Inc. | 5,684 | 644 | |||
Travel + Leisure Co. | 14,938 | 627 | ||||
* | YETI Holdings Inc. | 16,049 | 626 | |||
Signet Jewelers Ltd. | 8,552 | 612 | ||||
Kohl's Corp. | 21,760 | 610 | ||||
* | Topgolf Callaway Brands Corp. | 26,171 | 607 | |||
* | Victoria's Secret & Co. | 15,157 | 601 | |||
* | Wayfair Inc. Class A | 14,737 | 597 | |||
* | Lyft Inc. Class A | 59,432 | 594 | |||
* | Goodyear Tire & Rubber Co. | 51,551 | 586 | |||
Columbia Sportswear Co. | 6,706 | 585 | ||||
1 | Sirius XM Holdings Inc. | 130,245 | 572 | |||
Group 1 Automotive Inc. | 2,535 | 560 | ||||
* | National Vision Holdings Inc. | 14,641 | 547 | |||
Kontoor Brands Inc. | 10,288 | 537 | ||||
Carter's Inc. | 7,010 | 528 |
Shares | Market Value• ($000) | |||||
Steven Madden Ltd. | 14,367 | 522 | ||||
LCI Industries | 4,617 | 521 | ||||
Papa John's International Inc. | 6,109 | 513 | ||||
KB Home | 14,353 | 506 | ||||
* | Helen of Troy Ltd. | 4,398 | 496 | |||
* | American Airlines Group Inc. | 30,062 | 480 | |||
* | SeaWorld Entertainment Inc. | 7,374 | 476 | |||
Gap Inc. | 36,424 | 474 | ||||
* | Cavco Industries Inc. | 1,632 | 465 | |||
* | Sonos Inc. | 23,785 | 462 | |||
* | Dorman Products Inc. | 4,913 | 457 | |||
*,1 | QuantumScape Corp. Class A | 47,640 | ��� 456 | |||
Fox Corp. Class B | 13,912 | 449 | ||||
Cracker Barrel Old Country Store Inc. | 4,091 | 446 | ||||
* | Tri Pointe Homes Inc. | 18,606 | 444 | |||
Rush Enterprises Inc. Class A | 7,685 | 436 | ||||
* | Frontdoor Inc. | 15,296 | 432 | |||
* | Boot Barn Holdings Inc. | 5,396 | 418 | |||
*,1 | Luminar Technologies Inc. Class A | 46,418 | 415 | |||
* | TripAdvisor Inc. | 19,033 | 411 | |||
American Eagle Outfitters Inc. | 28,176 | 405 | ||||
Nordstrom Inc. | 20,668 | 403 | ||||
* | LGI Homes Inc. | 3,821 | 399 | |||
Graham Holdings Co. Class B | 635 | 398 | ||||
Inter Parfums Inc. | 3,295 | 397 | ||||
MDC Holdings Inc. | 10,598 | 392 | ||||
* | Gentherm Inc. | 6,142 | 390 | |||
* | Duolingo Inc. Class A | 4,300 | 390 | |||
* | Shake Shack Inc. Class A | 6,841 | 382 | |||
Dana Inc. | 23,867 | 378 | ||||
* | Leslie's Inc. | 29,928 | 377 | |||
* | Under Armour Inc. Class C | 42,238 | 372 | |||
* | Liberty Media Corp.-Liberty SiriusXM Class C | 11,494 | 370 | |||
* | Chegg Inc. | 23,246 | 369 | |||
Hanesbrands Inc. | 64,666 | 367 | ||||
* | Six Flags Entertainment Corp. | 13,849 | 366 | |||
Strategic Education Inc. | 4,161 | 355 | ||||
John Wiley & Sons Inc. Class A | 7,936 | 353 | ||||
Winnebago Industries Inc. | 5,524 | 351 | ||||
MillerKnoll Inc. | 14,018 | 335 | ||||
Oxford Industries Inc. | 2,841 | 334 | ||||
* | ODP Corp. | 7,306 | 331 | |||
* | Adtalem Global Education Inc. | 8,368 | 327 |
Shares | Market Value• ($000) | |||||
* | Driven Brands Holdings Inc. | 11,600 | 324 | |||
PriceSmart Inc. | 4,579 | 319 | ||||
* | Urban Outfitters Inc. | 11,827 | 319 | |||
Century Communities Inc. | 5,200 | 311 | ||||
* | Sally Beauty Holdings Inc. | 19,344 | 311 | |||
Jack in the Box Inc. | 3,957 | 310 | ||||
* | Brinker International Inc. | 8,100 | 308 | |||
* | Under Armour Inc. Class A | 30,861 | 306 | |||
* | Sabre Corp. | 60,230 | 305 | |||
* | Farfetch Ltd. Class A | 58,758 | 301 | |||
Laureate Education Inc. | 24,800 | 294 | ||||
Acushnet Holdings Corp. | 6,065 | 293 | ||||
Monro Inc. | 5,761 | 291 | ||||
* | Madison Square Garden Entertainment Corp. | 4,800 | 291 | |||
* | Central Garden & Pet Co. Class A | 7,502 | 288 | |||
* | KAR Auction Services Inc. | 19,969 | 285 | |||
* | Cinemark Holdings Inc. | 20,200 | 275 | |||
* | Alaska Air Group Inc. | 5,733 | 274 | |||
* | Abercrombie & Fitch Co. Class A | 8,906 | 262 | |||
La-Z-Boy Inc. | 8,038 | 260 | ||||
Scholastic Corp. | 5,551 | 253 | ||||
Dillard's Inc. Class A | 700 | 249 | ||||
Upbound Group Inc. | 9,048 | 243 | ||||
*,1 | Fisker Inc. Class A | 32,698 | 243 | |||
HNI Corp. | 7,653 | 239 | ||||
* | Coursera Inc. | 21,200 | 239 | |||
Wolverine World Wide Inc. | 14,180 | 238 | ||||
* | Liberty Media Corp.-Liberty Braves Class C | 7,061 | 236 | |||
* | PROG Holdings Inc. | 9,206 | 228 | |||
Buckle Inc. | 5,569 | 227 | ||||
* | Lions Gate Entertainment Corp. Class B | 22,572 | 225 | |||
* | Figs Inc. Class A | 24,212 | 223 | |||
Matthews International Corp. Class A | 5,638 | 215 | ||||
Dine Brands Global Inc. | 2,764 | 212 | ||||
* | iRobot Corp. | 4,968 | 204 | |||
* | American Axle & Manufacturing Holdings Inc. | 20,365 | 179 | |||
Gray Television Inc. | 14,975 | 175 | ||||
Krispy Kreme Inc. | 13,000 | 169 | ||||
* | iHeartMedia Inc. Class A | 22,306 | 162 | |||
* | Playtika Holding Corp. | 16,818 | 161 | |||
*,1 | Carvana Co. Class A | 16,933 | 159 | |||
* | Petco Health & Wellness Co. Inc. Class A | 15,400 | 159 | |||
* | Sleep Number Corp. | 3,929 | 157 | |||
* | IMAX Corp. | 8,488 | 157 | |||
* | Overstock.com Inc. | 7,877 | 153 | |||
* | Mister Car Wash Inc. | 15,000 | 138 |
Shares | Market Value• ($000) | |||||
* | Qurate Retail Inc. Class A | 62,576 | 132 | |||
* | EW Scripps Co. Class A | 10,470 | 132 | |||
* | 2U Inc. | 14,600 | 131 | |||
* | G-III Apparel Group Ltd. | 7,885 | 131 | |||
* | JetBlue Airways Corp. | 15,321 | 127 | |||
Steelcase Inc. Class A | 16,101 | 127 | ||||
* | AMC Networks Inc. Class A | 5,600 | 125 | |||
Guess? Inc. | 5,738 | 121 | ||||
Sinclair Broadcast Group Inc. Class A | 7,300 | 119 | ||||
U-Haul Holding Co. | 1,773 | 114 | ||||
* | Lions Gate Entertainment Corp. Class A | 9,196 | 98 | |||
Spirit Airlines Inc. | 5,056 | 93 | ||||
* | Allegiant Travel Co. | 883 | 91 | |||
* | Liberty Media Corp.-Liberty Formula One Class A | 1,373 | 83 | |||
Big Lots Inc. | 5,168 | 74 | ||||
* | Liberty Media Corp.-Liberty Braves Class A | 1,835 | 63 | |||
* | SkyWest Inc. | 2,329 | 44 | |||
* | Cardlytics Inc. | 5,485 | 30 | |||
953,440 | ||||||
Consumer Staples (5.7%) | ||||||
Procter & Gamble Co. | 441,000 | 60,664 | ||||
PepsiCo Inc. | 258,292 | 44,821 | ||||
Coca-Cola Co. | 729,378 | 43,405 | ||||
CVS Health Corp. | 244,904 | 20,459 | ||||
Mondelez International Inc. Class A | 254,659 | 16,599 | ||||
Colgate-Palmolive Co. | 154,616 | 11,333 | ||||
McKesson Corp. | 26,466 | 9,258 | ||||
General Mills Inc. | 111,190 | 8,841 | ||||
Corteva Inc. | 133,566 | 8,320 | ||||
Archer-Daniels-Midland Co. | 102,095 | 8,127 | ||||
Kimberly-Clark Corp. | 62,887 | 7,864 | ||||
Sysco Corp. | 94,865 | 7,074 | ||||
* | Monster Beverage Corp. | 68,357 | 6,956 | |||
Hershey Co. | 27,273 | 6,500 | ||||
Keurig Dr Pepper Inc. | 160,106 | 5,532 | ||||
Kroger Co. | 122,426 | 5,281 | ||||
Kraft Heinz Co. | 130,447 | 5,080 | ||||
Walgreens Boots Alliance Inc. | 133,814 | 4,754 | ||||
AmerisourceBergen Corp. | 29,006 | 4,512 | ||||
Church & Dwight Co. Inc. | 45,312 | 3,796 | ||||
Clorox Co. | 23,021 | 3,578 | ||||
McCormick & Co. Inc. (Non-Voting) | 46,797 | 3,478 | ||||
Conagra Brands Inc. | 87,963 | 3,203 | ||||
Tyson Foods Inc. Class A | 53,263 | 3,155 | ||||
Kellogg Co. | 47,582 | 3,138 | ||||
J M Smucker Co. | 19,188 | 2,838 |
Shares | Market Value• ($000) | |||||
Lamb Weston Holdings Inc. | 26,944 | 2,712 | ||||
Bunge Ltd. | 25,838 | 2,468 | ||||
Hormel Foods Corp. | 53,511 | 2,375 | ||||
Coca-Cola Europacific Partners plc | 37,674 | 2,072 | ||||
Campbell Soup Co. | 36,101 | 1,896 | ||||
* | Darling Ingredients Inc. | 29,854 | 1,889 | |||
* | US Foods Holding Corp. | 37,702 | 1,415 | |||
Ingredion Inc. | 12,286 | 1,221 | ||||
Flowers Foods Inc. | 34,977 | 975 | ||||
* | Celsius Holdings Inc. | 10,313 | 936 | |||
* | Post Holdings Inc. | 10,183 | 916 | |||
* | BellRing Brands Inc. | 24,394 | 753 | |||
Lancaster Colony Corp. | 3,675 | 706 | ||||
* | Simply Good Foods Co. | 16,492 | 631 | |||
Albertsons Cos. Inc. Class A | 31,663 | 629 | ||||
* | Hostess Brands Inc. Class A | 24,813 | 613 | |||
* | Sprouts Farmers Market Inc. | 19,705 | 597 | |||
* | Freshpet Inc. | 8,454 | 526 | |||
* | Nomad Foods Ltd. | 26,035 | 467 | |||
Coca-Cola Consolidated Inc. | 832 | 463 | ||||
Spectrum Brands Holdings Inc. | 7,213 | 462 | ||||
* | TreeHouse Foods Inc. | 9,475 | 462 | |||
Energizer Holdings Inc. | 12,495 | 453 | ||||
* | Grocery Outlet Holding Corp. | 16,549 | 448 | |||
* | United Natural Foods Inc. | 10,712 | 436 | |||
WD-40 Co. | 2,469 | 428 | ||||
Edgewell Personal Care Co. | 9,563 | 408 | ||||
J & J Snack Foods Corp. | 2,824 | 399 | ||||
Cal-Maine Foods Inc. | 6,979 | 396 | ||||
Nu Skin Enterprises Inc. Class A | 9,151 | 365 | ||||
* | Herbalife Nutrition Ltd. | 17,853 | 345 | |||
* | Hain Celestial Group Inc. | 16,590 | 296 | |||
Reynolds Consumer Products Inc. | 10,200 | 280 | ||||
Weis Markets Inc. | 3,028 | 231 | ||||
* | Beauty Health Co. | 17,836 | 225 | |||
Medifast Inc. | 1,965 | 220 | ||||
* | National Beverage Corp. | 4,386 | 205 | |||
*,1 | Beyond Meat Inc. | 11,012 | 196 | |||
Fresh Del Monte Produce Inc. | 5,491 | 172 | ||||
B&G Foods Inc. | 13,155 | 167 | ||||
* | USANA Health Sciences Inc. | 2,122 | 129 | |||
* | Olaplex Holdings Inc. | 23,100 | 114 |
Shares | Market Value• ($000) | |||||
Calavo Growers Inc. | 3,148 | 102 | ||||
ACCO Brands Corp. | 17,286 | 98 | ||||
339,863 | ||||||
Energy (0.3%) | ||||||
* | Enphase Energy Inc. | 24,408 | 5,138 | |||
* | First Solar Inc. | 19,835 | 3,355 | |||
* | SolarEdge Technologies Inc. | 10,291 | 3,272 | |||
*,1 | Plug Power Inc. | 96,825 | 1,440 | |||
Arcosa Inc. | 8,977 | 544 | ||||
*,1 | ChargePoint Holdings Inc. | 47,033 | 534 | |||
* | Array Technologies Inc. | 27,739 | 520 | |||
* | Ameresco Inc. Class A | 5,806 | 255 | |||
* | FuelCell Energy Inc. | 75,690 | 253 | |||
* | SunPower Corp. | 14,971 | 225 | |||
* | Stem Inc. | 26,806 | 219 | |||
15,755 | ||||||
Financials (12.1%) | ||||||
JPMorgan Chase & Co. | 544,870 | 78,107 | ||||
Bank of America Corp. | 1,312,033 | 45,003 | ||||
Morgan Stanley | 230,326 | 22,226 | ||||
Charles Schwab Corp. | 283,944 | 22,125 | ||||
Goldman Sachs Group Inc. | 61,302 | 21,557 | ||||
S&P Global Inc. | 60,871 | 20,769 | ||||
BlackRock Inc. | 28,061 | 19,346 | ||||
Citigroup Inc. | 361,589 | 18,329 | ||||
Chubb Ltd. | 77,581 | 16,371 | ||||
Progressive Corp. | 109,069 | 15,654 | ||||
Marsh & McLennan Cos. Inc. | 92,523 | 15,002 | ||||
CME Group Inc. | 66,965 | 12,413 | ||||
US Bancorp | 250,624 | 11,962 | ||||
Blackstone Inc. | 130,804 | 11,877 | ||||
PNC Financial Services Group Inc. | 75,199 | 11,875 | ||||
Truist Financial Corp. | 248,350 | 11,660 | ||||
Aon plc Class A | 38,232 | 11,624 | ||||
Intercontinental Exchange Inc. | 103,043 | 10,490 | ||||
MetLife Inc. | 123,340 | 8,847 | ||||
Moody's Corp. | 29,838 | 8,657 | ||||
American International Group Inc. | 138,745 | 8,479 | ||||
Travelers Cos. Inc. | 43,656 | 8,082 | ||||
Aflac Inc. | 115,037 | 7,840 | ||||
MSCI Inc. Class A | 14,546 | 7,595 | ||||
Arthur J Gallagher & Co. | 38,865 | 7,281 | ||||
Bank of New York Mellon Corp. | 137,043 | 6,973 | ||||
Prudential Financial Inc. | 68,790 | 6,879 | ||||
Ameriprise Financial Inc. | 19,807 | 6,791 | ||||
Apollo Global Management Inc. | 90,227 | 6,397 | ||||
Allstate Corp. | 49,367 | 6,357 | ||||
State Street Corp. | 68,499 | 6,074 |
Shares | Market Value• ($000) | |||||
KKR & Co. Inc. | 106,811 | 6,019 | ||||
Discover Financial Services | 50,949 | 5,706 | ||||
M&T Bank Corp. | 32,091 | 4,983 | ||||
Willis Towers Watson plc | 20,097 | 4,710 | ||||
Hartford Financial Services Group Inc. | 59,251 | 4,638 | ||||
* | Arch Capital Group Ltd. | 66,163 | 4,631 | |||
Fifth Third Bancorp | 127,258 | 4,619 | ||||
T. Rowe Price Group Inc. | 41,126 | 4,618 | ||||
First Republic Bank | 33,966 | 4,178 | ||||
Huntington Bancshares Inc. | 267,956 | 4,105 | ||||
Regions Financial Corp. | 174,523 | 4,070 | ||||
Principal Financial Group Inc. | 45,182 | 4,046 | ||||
Raymond James Financial Inc. | 36,318 | 3,939 | ||||
Citizens Financial Group Inc. | 91,147 | 3,806 | ||||
LPL Financial Holdings Inc. | 14,822 | 3,699 | ||||
Northern Trust Corp. | 38,331 | 3,652 | ||||
Nasdaq Inc. | 64,164 | 3,597 | ||||
Cincinnati Financial Corp. | 28,634 | 3,456 | ||||
* | Markel Corp. | 2,494 | 3,317 | |||
KeyCorp | 173,494 | 3,173 | ||||
* | SVB Financial Group | 10,916 | 3,145 | |||
Broadridge Financial Solutions Inc. | 21,798 | 3,069 | ||||
FactSet Research Systems Inc. | 7,049 | 2,922 | ||||
Everest Re Group Ltd. | 7,246 | 2,782 | ||||
W R Berkley Corp. | 38,396 | 2,541 | ||||
Cboe Global Markets Inc. | 19,813 | 2,500 | ||||
Brown & Brown Inc. | 44,179 | 2,477 | ||||
First Horizon Corp. | 98,645 | 2,443 | ||||
MarketAxess Holdings Inc. | 6,958 | 2,376 | ||||
Ares Management Corp. Class A | 28,675 | 2,312 | ||||
Equitable Holdings Inc. | 68,695 | 2,158 | ||||
Globe Life Inc. | 16,695 | 2,032 | ||||
East West Bancorp Inc. | 26,401 | 2,012 | ||||
* | Coinbase Global Inc. Class A | 29,795 | 1,932 | |||
Fidelity National Financial Inc. | 48,433 | 1,931 | ||||
Reinsurance Group of America Inc. | 12,500 | 1,806 | ||||
Annaly Capital Management Inc. | 87,090 | 1,801 | ||||
RenaissanceRe Holdings Ltd. | 7,984 | 1,716 | ||||
Webster Financial Corp. | 32,228 | 1,712 | ||||
Comerica Inc. | 24,367 | 1,708 | ||||
American Financial Group Inc. | 12,619 | 1,692 | ||||
Ally Financial Inc. | 55,643 | 1,672 | ||||
Unum Group | 36,976 | 1,647 |
Shares | Market Value• ($000) | |||||
Credicorp Ltd. | 12,704 | 1,619 | ||||
Franklin Resources Inc. | 53,163 | 1,567 | ||||
First Citizens BancShares Inc. Class A | 2,039 | 1,496 | ||||
Interactive Brokers Group Inc. Class A | 17,342 | 1,493 | ||||
Western Alliance Bancorp | 19,737 | 1,465 | ||||
Cullen/Frost Bankers Inc. | 10,871 | 1,433 | ||||
Tradeweb Markets Inc. Class A | 20,144 | 1,428 | ||||
Commerce Bancshares Inc. | 21,096 | 1,396 | ||||
Zions Bancorp NA | 27,460 | 1,390 | ||||
Old Republic International Corp. | 52,118 | 1,374 | ||||
Voya Financial Inc. | 18,141 | 1,351 | ||||
Signature Bank | 11,549 | 1,329 | ||||
Primerica Inc. | 6,891 | 1,323 | ||||
Stifel Financial Corp. | 19,324 | 1,291 | ||||
Kinsale Capital Group Inc. | 4,047 | 1,290 | ||||
Assurant Inc. | 9,969 | 1,270 | ||||
Invesco Ltd. | 69,464 | 1,227 | ||||
Prosperity Bancshares Inc. | 16,270 | 1,196 | ||||
AGNC Investment Corp. | 106,610 | 1,159 | ||||
SEI Investments Co. | 19,175 | 1,155 | ||||
Selective Insurance Group Inc. | 11,069 | 1,124 | ||||
Synovus Financial Corp. | 26,840 | 1,122 | ||||
SouthState Corp. | 13,891 | 1,121 | ||||
Affiliated Managers Group Inc. | 6,995 | 1,115 | ||||
New York Community Bancorp Inc. | 124,633 | 1,107 | ||||
First American Financial Corp. | 18,815 | 1,068 | ||||
* | Robinhood Markets Inc. Class A | 104,566 | 1,053 | |||
Pinnacle Financial Partners Inc. | 14,049 | 1,041 | ||||
Starwood Property Trust Inc. | 54,307 | 1,041 | ||||
Wintrust Financial Corp. | 11,135 | 1,026 | ||||
Lincoln National Corp. | 31,721 | 1,006 | ||||
RLI Corp. | 7,288 | 1,005 | ||||
*,1 | SoFi Technologies Inc. | 151,037 | 997 | |||
United Bankshares Inc. | 24,110 | 983 | ||||
Glacier Bancorp Inc. | 20,552 | 974 | ||||
Bank OZK | 20,856 | 960 | ||||
Old National Bancorp | 54,137 | 957 | ||||
Popular Inc. | 13,253 | 946 | ||||
FNB Corp. | 65,495 | 935 | ||||
OneMain Holdings Inc. | 21,424 | 923 | ||||
Valley National Bancorp | 79,622 | 922 | ||||
Hanover Insurance Group Inc. | 6,597 | 920 | ||||
Cadence Bank | 33,782 | 897 | ||||
Evercore Inc. Class A | 6,814 | 894 |
Shares | Market Value• ($000) | |||||
Houlihan Lokey Inc. Class A | 9,336 | 893 | ||||
First Financial Bankshares Inc. | 24,141 | 885 | ||||
Axis Capital Holdings Ltd. | 14,461 | 878 | ||||
Home BancShares Inc. | 34,898 | 841 | ||||
Essent Group Ltd. | 19,537 | 839 | ||||
Hancock Whitney Corp. | 15,984 | 785 | ||||
MGIC Investment Corp. | 54,856 | 755 | ||||
* | Brighthouse Financial Inc. | 12,832 | 742 | |||
UMB Financial Corp. | 8,135 | 738 | ||||
* | XP Inc. Class A | 59,311 | 737 | |||
Kemper Corp. | 11,925 | 735 | ||||
Rithm Capital Corp. | 80,300 | 731 | ||||
Umpqua Holdings Corp. | 40,332 | 712 | ||||
Janus Henderson Group plc | 25,534 | 701 | ||||
ServisFirst Bancshares Inc. | 9,166 | 678 | ||||
Independent Bank Corp. | 8,486 | 676 | ||||
Assured Guaranty Ltd. | 10,769 | 672 | ||||
SLM Corp. | 46,644 | 671 | ||||
Blackstone Mortgage Trust Inc. Class A | 31,431 | 665 | ||||
First Hawaiian Inc. | 23,968 | 656 | ||||
United Community Banks Inc. | 19,719 | 653 | ||||
White Mountains Insurance Group Ltd. | 450 | 650 | ||||
Associated Banc-Corp | 27,829 | 644 | ||||
Radian Group Inc. | 29,378 | 627 | ||||
Jackson Financial Inc. Class A | 13,806 | 627 | ||||
* | Texas Capital Bancshares Inc. | 9,262 | 613 | |||
PacWest Bancorp | 21,811 | 605 | ||||
Community Bank System Inc. | 9,868 | 602 | ||||
* | Mr Cooper Group Inc. | 12,865 | 597 | |||
CVB Financial Corp. | 24,619 | 589 | ||||
Ameris Bancorp | 12,278 | 588 | ||||
First Interstate BancSystem Inc. Class A | 16,500 | 586 | ||||
Lazard Ltd. Class A | 15,482 | 578 | ||||
Cathay General Bancorp | 13,370 | 574 | ||||
WSFS Financial Corp. | 11,399 | 569 | ||||
Pacific Premier Bancorp Inc. | 17,516 | 568 | ||||
* | Genworth Financial Inc. Class A | 90,845 | 566 | |||
BOK Financial Corp. | 5,358 | 561 | ||||
American Equity Investment Life Holding Co. | 13,318 | 555 | ||||
Bank of Hawaii Corp. | 7,395 | 554 | ||||
* | Focus Financial Partners Inc. Class A | 10,686 | 554 | |||
CNO Financial Group Inc. | 21,286 | 545 |
Shares | Market Value• ($000) | |||||
* | Credit Acceptance Corp. | 1,200 | 533 | |||
Fulton Financial Corp. | 30,409 | 523 | ||||
* | Enstar Group Ltd. | 2,137 | 523 | |||
Atlantic Union Bankshares Corp. | 13,971 | 523 | ||||
Hamilton Lane Inc. Class A | 6,668 | 519 | ||||
BankUnited Inc. | 14,535 | 515 | ||||
* | Axos Financial Inc. | 10,745 | 509 | |||
Simmons First National Corp. Class A | 22,751 | 506 | ||||
Moelis & Co. Class A | 11,754 | 503 | ||||
Walker & Dunlop Inc. | 5,699 | �� 497 | ||||
First Bancorp | 33,938 | 492 | ||||
International Bancshares Corp. | 9,957 | 483 | ||||
Piper Sandler Cos. | 3,178 | 480 | ||||
Arbor Realty Trust Inc. | 30,781 | 464 | ||||
Eastern Bankshares Inc. | 29,017 | 455 | ||||
Columbia Banking System Inc. | 14,683 | 437 | ||||
First Merchants Corp. | 10,668 | 437 | ||||
First Financial Bancorp | 17,498 | 431 | ||||
* | Trupanion Inc. | 7,231 | 429 | |||
Washington Federal Inc. | 12,008 | 421 | ||||
Banner Corp. | 6,346 | 400 | ||||
Independent Bank Group Inc. | 6,609 | 389 | ||||
Heartland Financial USA Inc. | 7,735 | 382 | ||||
WesBanco Inc. | 10,526 | 381 | ||||
Towne Bank | 12,532 | 380 | ||||
Artisan Partners Asset Management Inc. Class A | 11,217 | 370 | ||||
Renasant Corp. | 10,222 | 368 | ||||
Navient Corp. | 19,772 | 357 | ||||
* | NMI Holdings Inc. Class A | 15,190 | 355 | |||
Cohen & Steers Inc. | 4,721 | 342 | ||||
Bank of NT Butterfield & Son Ltd. | 9,305 | 336 | ||||
BancFirst Corp. | 3,686 | 333 | ||||
Trustmark Corp. | 11,129 | 327 | ||||
Virtu Financial Inc. Class A | 17,747 | 326 | ||||
Provident Financial Services Inc. | 13,730 | 321 | ||||
NBT Bancorp Inc. | 7,635 | 310 | ||||
Stock Yards Bancorp Inc. | 5,292 | 310 | ||||
* | PRA Group Inc. | 7,236 | 308 | |||
Hilltop Holdings Inc. | 9,170 | 304 | ||||
Northwest Bancshares Inc. | 21,565 | 298 | ||||
PennyMac Financial Services Inc. | 4,897 | 296 | ||||
Chimera Investment Corp. | 43,927 | 285 | ||||
BGC Partners Inc. Class A | 58,309 | 283 | ||||
Hope Bancorp Inc. | 21,769 | 279 | ||||
First Commonwealth Financial Corp. | 17,429 | 279 |
Shares | Market Value• ($000) | |||||
Horace Mann Educators Corp. | 7,544 | 279 | ||||
S&T Bancorp Inc. | 7,435 | 277 | ||||
Sandy Spring Bancorp Inc. | 8,210 | 271 | ||||
* | Palomar Holdings Inc. | 4,500 | 270 | |||
City Holding Co. | 2,726 | 268 | ||||
Two Harbors Investment Corp. | 16,175 | 268 | ||||
Westamerica Bancorp | 4,758 | 262 | ||||
Eagle Bancorp Inc. | 5,903 | 259 | ||||
Virtus Investment Partners Inc. | 1,224 | 258 | ||||
* | Triumph Financial Inc. | 4,200 | 256 | |||
Nelnet Inc. Class A | 2,713 | 255 | ||||
* | Avantax Inc. | 8,824 | 252 | |||
*,1 | Upstart Holdings Inc. | 13,339 | 247 | |||
Ladder Capital Corp. Class A | 21,300 | 241 | ||||
Berkshire Hills Bancorp Inc. | 8,085 | 235 | ||||
Employers Holdings Inc. | 5,084 | 226 | ||||
* | Encore Capital Group Inc. | 4,375 | 226 | |||
CNA Financial Corp. | 5,034 | 220 | ||||
PennyMac Mortgage Investment Trust | 16,744 | 218 | ||||
*,1 | Freedom Holding Corp. | 3,000 | 218 | |||
Live Oak Bancshares Inc. | 6,200 | 214 | ||||
Safety Insurance Group Inc. | 2,608 | 210 | ||||
MFA Financial Inc. | 19,023 | 204 | ||||
Capitol Federal Financial Inc. | 24,023 | 202 | ||||
ProAssurance Corp. | 9,985 | 199 | ||||
Brookline Bancorp Inc. | 13,653 | 177 | ||||
Argo Group International Holdings Ltd. | 5,738 | 167 | ||||
Redwood Trust Inc. | 20,905 | 159 | ||||
1st Source Corp. | 3,089 | 154 | ||||
*,1 | Marathon Digital Holdings Inc. | 21,682 | 154 | |||
Brightsphere Investment Group Inc. | 6,093 | 153 | ||||
WisdomTree Inc. | 24,328 | 145 | ||||
* | Open Lending Corp. Class A | 20,112 | 142 | |||
* | Lemonade Inc. | 8,400 | 137 | |||
TFS Financial Corp. | 9,336 | 135 | ||||
ARMOUR Residential REIT Inc. | 24,354 | 132 | ||||
Washington Trust Bancorp Inc. | 3,131 | 132 | ||||
* | Columbia Financial Inc. | 6,104 | 129 | |||
BrightSpire Capital Inc. Class A | 17,242 | 127 | ||||
Community Trust Bancorp Inc. | 2,820 | 121 | ||||
* | SiriusPoint Ltd. | 17,039 | 121 |
Shares | Market Value• ($000) | |||||
Kearny Financial Corp. | 11,041 | 111 | ||||
iStar Inc. | 12,900 | 99 | ||||
*,1 | Silvergate Capital Corp. Class A | 5,741 | 80 | |||
Republic Bancorp Inc. Class A | 1,648 | 73 | ||||
F&G Annuities & Life Inc. | 3,329 | 68 | ||||
714,124 | ||||||
Health Care (15.0%) | ||||||
UnitedHealth Group Inc. | 174,759 | 83,175 | ||||
AbbVie Inc. | 330,132 | 50,807 | ||||
Merck & Co. Inc. | 472,633 | 50,213 | ||||
Eli Lilly & Co. | 157,436 | 48,997 | ||||
Pfizer Inc. | 1,055,842 | 42,835 | ||||
Thermo Fisher Scientific Inc. | 73,129 | 39,618 | ||||
Abbott Laboratories | 320,327 | 32,584 | ||||
Danaher Corp. | 120,919 | 29,931 | ||||
Bristol-Myers Squibb Co. | 397,847 | 27,436 | ||||
Amgen Inc. | 99,781 | 23,115 | ||||
Elevance Health Inc. | 45,004 | 21,137 | ||||
Medtronic plc | 249,667 | 20,672 | ||||
Gilead Sciences Inc. | 234,415 | 18,877 | ||||
Stryker Corp. | 65,588 | 17,242 | ||||
Cigna Group | 55,925 | 16,336 | ||||
* | Intuitive Surgical Inc. | 65,791 | 15,092 | |||
* | Regeneron Pharmaceuticals Inc. | 19,346 | 14,711 | |||
Zoetis Inc. Class A | 87,992 | 14,695 | ||||
* | Vertex Pharmaceuticals Inc. | 47,772 | 13,868 | |||
* | Boston Scientific Corp. | 266,498 | 12,451 | |||
Becton Dickinson & Co. | 53,058 | 12,445 | ||||
Humana Inc. | 23,612 | 11,688 | ||||
HCA Healthcare Inc. | 40,331 | 9,819 | ||||
* | Edwards Lifesciences Corp. | 115,318 | 9,276 | |||
* | Moderna Inc. | 61,984 | 8,604 | |||
* | Dexcom Inc. | 71,978 | 7,990 | |||
Agilent Technologies Inc. | 55,229 | 7,841 | ||||
* | Centene Corp. | 106,169 | 7,262 | |||
* | IDEXX Laboratories Inc. | 15,300 | 7,241 | |||
* | Biogen Inc. | 26,763 | 7,222 | |||
* | IQVIA Holdings Inc. | 34,588 | 7,211 | |||
* | Illumina Inc. | 29,360 | 5,848 | |||
ResMed Inc. | 26,941 | 5,738 | ||||
Zimmer Biomet Holdings Inc. | 39,185 | 4,854 | ||||
* | Seagen Inc. | 25,372 | 4,559 | |||
* | Align Technology Inc. | 14,669 | 4,540 | |||
* | Horizon Therapeutics plc | 41,332 | 4,525 | |||
* | Alnylam Pharmaceuticals Inc. | 22,964 | 4,396 | |||
West Pharmaceutical Services Inc. | 13,798 | 4,374 |
Shares | Market Value• ($000) | |||||
* | Veeva Systems Inc. Class A | 26,033 | 4,313 | |||
Laboratory Corp. of America Holdings | 16,517 | 3,953 | ||||
Baxter International Inc. | 93,980 | 3,754 | ||||
Cardinal Health Inc. | 48,959 | 3,707 | ||||
* | Hologic Inc. | 45,898 | 3,655 | |||
* | Insulet Corp. | 12,824 | 3,544 | |||
STERIS plc | 18,675 | 3,511 | ||||
* | BioMarin Pharmaceutical Inc. | 34,422 | 3,428 | |||
* | ICON plc | 15,064 | 3,399 | |||
Cooper Cos. Inc. | 9,043 | 2,957 | ||||
PerkinElmer Inc. | 23,574 | 2,937 | ||||
* | Molina Healthcare Inc. | 10,663 | 2,936 | |||
Quest Diagnostics Inc. | 21,149 | 2,926 | ||||
* | Avantor Inc. | 113,877 | 2,775 | |||
* | Incyte Corp. | 34,046 | 2,621 | |||
Viatris Inc. | 226,533 | 2,582 | ||||
Royalty Pharma plc Class A | 69,435 | 2,489 | ||||
* | Catalent Inc. | 33,413 | 2,279 | |||
Bio-Techne Corp. | 29,032 | 2,109 | ||||
Teleflex Inc. | 8,775 | 2,090 | ||||
* | Charles River Laboratories International Inc. | 9,449 | 2,073 | |||
* | United Therapeutics Corp. | 8,340 | 2,052 | |||
* | Exact Sciences Corp. | 32,638 | 2,034 | |||
* | Henry Schein Inc. | 25,167 | 1,971 | |||
* | Sarepta Therapeutics Inc. | 15,748 | 1,923 | |||
* | Bio-Rad Laboratories Inc. Class A | 3,981 | 1,902 | |||
* | Neurocrine Biosciences Inc. | 17,721 | 1,827 | |||
* | Repligen Corp. | 10,376 | 1,809 | |||
* | Penumbra Inc. | 6,658 | 1,731 | |||
* | Jazz Pharmaceuticals plc | 11,495 | 1,614 | |||
Universal Health Services Inc. Class B | 11,572 | 1,546 | ||||
DENTSPLY SIRONA Inc. | 40,098 | 1,527 | ||||
* | Novocure Ltd. | 19,316 | 1,487 | |||
* | Masimo Corp. | 8,851 | 1,481 | |||
Chemed Corp. | 2,676 | 1,396 | ||||
Bruker Corp. | 20,034 | 1,381 | ||||
* | Inspire Medical Systems Inc. | 5,204 | 1,353 | |||
* | Shockwave Medical Inc. | 6,616 | 1,259 | |||
* | Acadia Healthcare Co. Inc. | 16,601 | 1,204 | |||
* | Halozyme Therapeutics Inc. | 24,668 | 1,184 | |||
* | Envista Holdings Corp. | 30,480 | 1,178 | |||
* | Tenet Healthcare Corp. | 19,910 | 1,165 | |||
Organon & Co. | 47,309 | 1,159 | ||||
* | Apellis Pharmaceuticals Inc. | 17,379 | 1,138 | |||
* | Karuna Therapeutics Inc. | 5,571 | 1,111 | |||
Encompass Health Corp. | 18,170 | 1,027 | ||||
* | HealthEquity Inc. | 15,514 | 1,011 |
Shares | Market Value• ($000) | |||||
* | Exelixis Inc. | 59,054 | 1,009 | |||
* | Elanco Animal Health Inc. | 83,303 | 955 | |||
Perrigo Co. plc | 25,113 | 946 | ||||
* | Ionis Pharmaceuticals Inc. | 26,319 | 945 | |||
* | Lantheus Holdings Inc. | 12,672 | 937 | |||
* | Medpace Holdings Inc. | 4,722 | 915 | |||
Ensign Group Inc. | 9,990 | 894 | ||||
* | Option Care Health Inc. | 29,016 | 890 | |||
* | Natera Inc. | 18,310 | 889 | |||
* | DaVita Inc. | 10,372 | 853 | |||
* | Intra-Cellular Therapies Inc. | 16,988 | 833 | |||
* | Globus Medical Inc. Class A | 14,216 | 829 | |||
* | 10X Genomics Inc. Class A | 17,088 | 812 | |||
* | Alkermes plc | 30,291 | 810 | |||
* | Teladoc Health Inc. | 30,070 | 797 | |||
* | QuidelOrtho Corp. | 9,067 | 788 | |||
* | Oak Street Health Inc. | 21,994 | 779 | |||
* | Syneos Health Inc. | 19,147 | 770 | |||
* | Integra LifeSciences Holdings Corp. | 13,568 | 755 | |||
* | agilon health Inc. | 35,142 | 745 | |||
* | Merit Medical Systems Inc. | 10,364 | 731 | |||
* | Haemonetics Corp. | 9,390 | 730 | |||
* | Neogen Corp. | 40,186 | 711 | |||
Premier Inc. Class A | 22,027 | 709 | ||||
* | Amicus Therapeutics Inc. | 51,245 | 676 | |||
* | Cytokinetics Inc. | 15,401 | 668 | |||
* | iRhythm Technologies Inc. | 5,588 | 658 | |||
* | ICU Medical Inc. | 3,825 | 653 | |||
* | CRISPR Therapeutics AG | 13,034 | 643 | |||
* | Madrigal Pharmaceuticals Inc. | 2,368 | 642 | |||
* | Intellia Therapeutics Inc. | 15,806 | 635 | |||
* | Arrowhead Pharmaceuticals Inc. | 19,266 | 622 | |||
* | Azenta Inc. | 13,759 | 604 | |||
* | PTC Therapeutics Inc. | 13,073 | 571 | |||
* | Guardant Health Inc. | 18,281 | 565 | |||
* | Prestige Consumer Healthcare Inc. | 9,190 | 554 | |||
* | Ultragenyx Pharmaceutical Inc. | 12,450 | 554 | |||
* | Denali Therapeutics Inc. | 20,205 | 549 | |||
* | Amedisys Inc. | 5,949 | 547 | |||
* | Axonics Inc. | 9,107 | 547 | |||
* | Evolent Health Inc. Class A | 15,258 | 534 | |||
* | Progyny Inc. | 14,060 | 528 | |||
Select Medical Holdings Corp. | 19,403 | 528 | ||||
CONMED Corp. | 5,387 | 518 | ||||
* | Insmed Inc. | 25,185 | 513 | |||
* | Inmode Ltd. | 14,441 | 510 | |||
* | Inari Medical Inc. | 8,962 | 504 | |||
* | STAAR Surgical Co. | 8,827 | 489 |
Shares | Market Value• ($000) | |||||
* | Beam Therapeutics Inc. | 11,803 | 475 | |||
* | Blueprint Medicines Corp. | 11,157 | 473 | |||
* | LivaNova plc | 9,942 | 470 | |||
* | Integer Holdings Corp. | 6,161 | 462 | |||
* | ACADIA Pharmaceuticals Inc. | 22,234 | 460 | |||
* | Omnicell Inc. | 8,303 | 452 | |||
* | Signify Health Inc. Class A | 15,000 | 432 | |||
* | Tandem Diabetes Care Inc. | 11,938 | 428 | |||
Patterson Cos. Inc. | 16,117 | 427 | ||||
* | NuVasive Inc. | 9,709 | 420 | |||
* | Axsome Therapeutics Inc. | 6,018 | 410 | |||
* | Sage Therapeutics Inc. | 9,623 | 401 | |||
* | NeoGenomics Inc. | 23,488 | 396 | |||
* | Glaukos Corp. | 8,345 | 394 | |||
* | TG Therapeutics Inc. | 24,624 | 394 | |||
* | Certara Inc. | 21,566 | 391 | |||
* | R1 RCM Inc. | 27,465 | 390 | |||
* | Mirati Therapeutics Inc. | 8,248 | 378 | |||
* | Pacific Biosciences of California Inc. | 41,565 | 377 | |||
* | REVOLUTION Medicines Inc. | 13,897 | 372 | |||
* | FibroGen Inc. | 16,106 | 358 | |||
* | Pacira BioSciences Inc. | 8,285 | 353 | |||
* | Supernus Pharmaceuticals Inc. | 9,199 | 346 | |||
* | Xencor Inc. | 10,589 | 340 | |||
Embecta Corp. | 10,652 | 340 | ||||
* | Phreesia Inc. | 9,200 | 339 | |||
* | Corcept Therapeutics Inc. | 15,744 | 328 | |||
* | AtriCure Inc. | 8,469 | 326 | |||
* | Veracyte Inc. | 13,102 | 322 | |||
* | Surgery Partners Inc. | 9,206 | 308 | |||
* | BioCryst Pharmaceuticals Inc. | 34,441 | 305 | |||
* | Vir Biotechnology Inc. | 13,375 | 305 | |||
* | Sotera Health Co. | 18,130 | 303 | |||
* | Maravai LifeSciences Holdings Inc. Class A | 20,350 | 300 | |||
* | CorVel Corp. | 1,643 | 296 | |||
* | Ironwood Pharmaceuticals Inc. Class A | 25,628 | 289 | |||
* | Cerevel Therapeutics Holdings Inc. | 10,612 | 283 | |||
* | Myriad Genetics Inc. | 14,462 | 274 | |||
* | Arvinas Inc. | 8,884 | 272 | |||
* | Agios Pharmaceuticals Inc. | 10,088 | 255 | |||
* | Relay Therapeutics Inc. | 15,718 | 254 | |||
* | Pediatrix Medical Group Inc. | 15,418 | 243 | |||
* | Avanos Medical Inc. | 8,522 | 239 | |||
* | Ginkgo Bioworks Holdings Inc. Class A | 159,691 | 235 | |||
* | Privia Health Group Inc. | 8,300 | 232 | |||
*,1 | Myovant Sciences Ltd. | 8,500 | 229 |
Shares | Market Value• ($000) | |||||
* | Bridgebio Pharma Inc. | 19,512 | 223 | |||
* | Aurinia Pharmaceuticals Inc. | 24,060 | 219 | |||
* | SpringWorks Therapeutics Inc. | 6,800 | 217 | |||
* | AdaptHealth Corp. Class A | 13,400 | 214 | |||
* | Kymera Therapeutics Inc. | 6,806 | 214 | |||
* | Harmony Biosciences Holdings Inc. | 4,800 | 211 | |||
* | Recursion Pharmaceuticals Inc. Class A | 25,730 | 210 | |||
* | Owens & Minor Inc. | 13,655 | 209 | |||
* | Iovance Biotherapeutics Inc. | 28,158 | 205 | |||
* | Nevro Corp. | 6,466 | 203 | |||
* | Twist Bioscience Corp. | 10,447 | 203 | |||
* | Ligand Pharmaceuticals Inc. | 2,774 | 200 | |||
* | NextGen Healthcare Inc. | 10,504 | 190 | |||
* | Rocket Pharmaceuticals Inc. | 9,900 | 190 | |||
Healthcare Services Group Inc. | 13,674 | 181 | ||||
* | Alignment Healthcare Inc. | 18,206 | 181 | |||
* | Biohaven Ltd. | 11,703 | 179 | |||
* | Adaptive Biotechnologies Corp. | 20,606 | 176 | |||
*,1 | Cassava Sciences Inc. | 7,026 | 174 | |||
* | Arcus Biosciences Inc. | 9,512 | 173 | |||
* | Enanta Pharmaceuticals Inc. | 3,542 | 172 | |||
* | uniQure NV | 8,200 | 172 | |||
* | REGENXBIO Inc. | 7,439 | 166 | |||
* | Zentalis Pharmaceuticals Inc. | 8,712 | 165 | |||
* | CareDx Inc. | 9,492 | 160 | |||
* | Reata Pharmaceuticals Inc. Class A | 5,106 | 159 | |||
* | Innoviva Inc. | 11,312 | 137 | |||
*,1 | Novavax Inc. | 14,669 | 136 | |||
* | Enhabit Inc. | 8,823 | 135 | |||
* | Theravance Biopharma Inc. | 12,406 | 134 | |||
* | Fulgent Genetics Inc. | 4,000 | 131 | |||
* | Varex Imaging Corp. | 6,888 | 122 | |||
* | Editas Medicine Inc. Class A | 12,906 | 117 | |||
* | Emergent BioSolutions Inc. | 9,353 | 116 | |||
* | American Well Corp. Class A | 41,400 | 115 | |||
* | Brookdale Senior Living Inc. | 35,410 | 114 | |||
* | Alector Inc. | 11,500 | 98 | |||
* | Fate Therapeutics Inc. | 15,328 | 94 | |||
* | Scilex Holding Co. | 12,014 | 94 | |||
* | Allogene Therapeutics Inc. | 14,600 | 93 |
Shares | Market Value• ($000) | |||||
* | NanoString Technologies Inc. | 9,206 | 90 | |||
*,1 | CureVac NV | 10,412 | 90 | |||
* | OPKO Health Inc. | 76,136 | 87 | |||
* | Atara Biotherapeutics Inc. | 17,142 | 69 | |||
* | Multiplan Corp. | 67,250 | 68 | |||
*,1 | Sana Biotechnology Inc. | 17,500 | 64 | |||
* | OmniAb Inc. | 13,592 | 57 | |||
* | Taro Pharmaceutical Industries Ltd. | 1,552 | 47 | |||
* | Nektar Therapeutics Class A | 33,400 | 46 | |||
*,2 | OmniAb Inc. 12.5 Earnout | 1,051 | — | |||
*,2 | OmniAb Inc. 15 Earnout | 1,051 | — | |||
888,873 | ||||||
Industrials (11.3%) | ||||||
Visa Inc. Class A | 307,572 | 67,647 | ||||
Mastercard Inc. Class A | 158,944 | 56,471 | ||||
Accenture plc Class A | 118,373 | 31,434 | ||||
United Parcel Service Inc. Class B | 137,353 | 25,066 | ||||
Union Pacific Corp. | 114,799 | 23,796 | ||||
Caterpillar Inc. | 97,268 | 23,301 | ||||
Deere & Co. | 51,488 | 21,586 | ||||
American Express Co. | 112,482 | 19,571 | ||||
Automatic Data Processing Inc. | 77,983 | 17,142 | ||||
* | PayPal Holdings Inc. | 212,973 | 15,675 | |||
Illinois Tool Works Inc. | 57,074 | 13,307 | ||||
* | Fiserv Inc. | 109,987 | 12,658 | |||
CSX Corp. | 392,282 | 11,961 | ||||
Sherwin-Williams Co. | 44,673 | 9,888 | ||||
FedEx Corp. | 44,843 | 9,113 | ||||
Johnson Controls International plc | 128,587 | 8,065 | ||||
Trane Technologies plc | 42,941 | 7,943 | ||||
Capital One Financial Corp. | 71,097 | 7,755 | ||||
* | Block Inc. Class A | 100,111 | 7,682 | |||
Cintas Corp. | 16,197 | 7,102 | ||||
Fidelity National Information Services Inc. | 110,669 | 7,013 | ||||
PACCAR Inc. | 95,520 | 6,897 | ||||
DuPont de Nemours Inc. | 93,609 | 6,836 | ||||
Paychex Inc. | 60,212 | 6,647 | ||||
Rockwell Automation Inc. | 21,500 | 6,341 | ||||
Old Dominion Freight Line Inc. | 18,542 | 6,291 | ||||
* | Mettler-Toledo International Inc. | 4,114 | 5,898 | |||
Global Payments Inc. | 50,141 | 5,626 | ||||
* | Keysight Technologies Inc. | 33,480 | 5,355 | |||
Verisk Analytics Inc. Class A | 29,023 | 4,966 | ||||
Equifax Inc. | 22,750 | 4,608 | ||||
Vulcan Materials Co. | 24,667 | 4,463 | ||||
Ingersoll Rand Inc. | 75,779 | 4,400 |
Shares | Market Value• ($000) | |||||
Martin Marietta Materials Inc. | 11,636 | 4,187 | ||||
Dover Corp. | 26,082 | 3,910 | ||||
Westinghouse Air Brake Technologies Corp. | 33,817 | 3,528 | ||||
Xylem Inc. | 33,475 | 3,436 | ||||
* | Waters Corp. | 10,998 | 3,419 | |||
IDEX Corp. | 14,181 | 3,190 | ||||
Expeditors International of Washington Inc. | 29,625 | 3,098 | ||||
* | Fair Isaac Corp. | 4,542 | 3,077 | |||
Synchrony Financial | 83,833 | 2,994 | ||||
* | FleetCor Technologies Inc. | 13,445 | 2,888 | |||
* | Zebra Technologies Corp. Class A | 9,620 | 2,888 | |||
JB Hunt Transport Services Inc. | 15,368 | 2,778 | ||||
* | Axon Enterprise Inc. | 12,646 | 2,533 | |||
Carlisle Cos. Inc. | 9,629 | 2,486 | ||||
Snap-on Inc. | 9,843 | 2,448 | ||||
* | Trimble Inc. | 46,009 | 2,395 | |||
Stanley Black & Decker Inc. | 27,538 | 2,358 | ||||
TransUnion | 35,954 | 2,352 | ||||
Nordson Corp. | 10,698 | 2,350 | ||||
Packaging Corp. of America | 16,996 | 2,324 | ||||
* | Builders FirstSource Inc. | 27,127 | 2,300 | |||
Jack Henry & Associates Inc. | 13,614 | 2,236 | ||||
Masco Corp. | 41,995 | 2,202 | ||||
Graco Inc. | 31,305 | 2,177 | ||||
CH Robinson Worldwide Inc. | 21,697 | 2,169 | ||||
Toro Co. | 19,468 | 2,150 | ||||
RPM International Inc. | 23,836 | 2,113 | ||||
Regal Rexnord Corp. | 12,374 | 1,951 | ||||
* | WillScot Mobile Mini Holdings Corp. | 37,915 | 1,949 | |||
Watsco Inc. | 6,133 | 1,869 | ||||
Crown Holdings Inc. | 21,477 | 1,858 | ||||
Allegion plc | 16,348 | 1,843 | ||||
Owens Corning | 17,384 | 1,700 | ||||
Knight-Swift Transportation Holdings Inc. Class A | 29,141 | 1,656 | ||||
AGCO Corp. | 11,570 | 1,629 | ||||
Genpact Ltd. | 33,599 | 1,604 | ||||
Robert Half International Inc. | 19,768 | 1,594 | ||||
* | WEX Inc. | 8,134 | 1,568 | |||
* | BILL Holdings Inc. | 18,498 | 1,565 | |||
* | Middleby Corp. | 9,962 | 1,549 | |||
Cognex Corp. | 32,472 | 1,540 | ||||
A O Smith Corp. | 23,336 | 1,532 | ||||
Lennox International Inc. | 6,005 | 1,530 | ||||
* | AerCap Holdings NV | 24,498 | 1,530 |
Shares | Market Value• ($000) | |||||
Fortune Brands Innovations Inc. | 24,135 | 1,495 | ||||
Westrock Co. | 47,279 | 1,485 | ||||
Donaldson Co. Inc. | 23,009 | 1,455 | ||||
Berry Global Group Inc. | 23,401 | 1,453 | ||||
* | Paylocity Holding Corp. | 7,473 | 1,439 | |||
AptarGroup Inc. | 12,263 | 1,431 | ||||
nVent Electric plc | 30,926 | 1,418 | ||||
* | Generac Holdings Inc. | 11,596 | 1,392 | |||
* | WESCO International Inc. | 8,299 | 1,374 | |||
Graphic Packaging Holding Co. | 57,008 | 1,357 | ||||
* | Saia Inc. | 4,948 | 1,340 | |||
Sealed Air Corp. | 27,283 | 1,327 | ||||
Valmont Industries Inc. | 3,903 | 1,239 | ||||
* | TopBuild Corp. | 5,919 | 1,229 | |||
* | Axalta Coating Systems Ltd. | 41,023 | 1,222 | |||
Landstar System Inc. | 6,629 | 1,198 | ||||
Brunswick Corp. | 13,489 | 1,179 | ||||
Littelfuse Inc. | 4,495 | 1,163 | ||||
Acuity Brands Inc. | 5,959 | 1,156 | ||||
* | FTI Consulting Inc. | 6,237 | 1,146 | |||
* | Atkore Inc. | 7,667 | 1,120 | |||
* | MasTec Inc. | 11,343 | 1,108 | |||
Sonoco Products Co. | 18,114 | 1,070 | ||||
Advanced Drainage Systems Inc. | 11,971 | 1,062 | ||||
* | Trex Co. Inc. | 20,632 | 1,055 | |||
* | Chart Industries Inc. | 7,878 | 1,052 | |||
MKS Instruments Inc. | 10,762 | 1,043 | ||||
Applied Industrial Technologies Inc. | 7,099 | 1,014 | ||||
* | Mohawk Industries Inc. | 9,831 | 1,011 | |||
* | ExlService Holdings Inc. | 6,042 | 994 | |||
* | GXO Logistics Inc. | 19,767 | 980 | |||
Eagle Materials Inc. | 6,880 | 965 | ||||
* | Euronet Worldwide Inc. | 8,839 | 962 | |||
Comfort Systems USA Inc. | 6,582 | 957 | ||||
Western Union Co. | 71,791 | 930 | ||||
MSA Safety Inc. | 6,894 | 926 | ||||
Maximus Inc. | 11,239 | 922 | ||||
* | API Group Corp. | 38,696 | 909 | |||
Watts Water Technologies Inc. Class A | 5,118 | 897 | ||||
Ryder System Inc. | 9,060 | 887 | ||||
Simpson Manufacturing Co. Inc. | 7,946 | 857 | ||||
Air Lease Corp. Class A | 19,376 | 839 | ||||
Insperity Inc. | 6,731 | 835 | ||||
Franklin Electric Co. Inc. | 8,626 | 824 | ||||
* | Kirby Corp. | 11,270 | 817 | |||
* | ASGN Inc. | 9,107 | 809 | |||
ManpowerGroup Inc. | 9,416 | 799 | ||||
Louisiana-Pacific Corp. | 13,257 | 776 | ||||
Vontier Corp. | 29,563 | 774 |
Shares | Market Value• ($000) | |||||
Triton International Ltd. | 10,802 | 745 | ||||
AAON Inc. | 8,156 | 742 | ||||
MSC Industrial Direct Co. Inc. Class A | 8,630 | 729 | ||||
Terex Corp. | 12,303 | 728 | ||||
* | Bloom Energy Corp. Class A | 33,499 | 727 | |||
* | AMN Healthcare Services Inc. | 8,070 | 726 | |||
GATX Corp. | 6,561 | 716 | ||||
HB Fuller Co. | 9,877 | 689 | ||||
Armstrong World Industries Inc. | 8,522 | 672 | ||||
Herc Holdings Inc. | 4,651 | 668 | ||||
Belden Inc. | 7,894 | 666 | ||||
Badger Meter Inc. | 5,425 | 660 | ||||
* | Summit Materials Inc. Class A | 22,091 | 653 | |||
John Bean Technologies Corp. | 5,879 | 652 | ||||
* | O-I Glass Inc. | 28,979 | 644 | |||
* | XPO Inc. | 19,219 | 641 | |||
Encore Wire Corp. | 3,250 | 627 | ||||
* | Beacon Roofing Supply Inc. | 9,501 | 618 | |||
Hillenbrand Inc. | 12,863 | 606 | ||||
* | Alight Inc. Class A | 63,100 | 606 | |||
* | Shift4 Payments Inc. Class A | 9,382 | 605 | |||
Federal Signal Corp. | 11,160 | 589 | ||||
* | SPX Technologies Inc. | 8,258 | 582 | |||
* | TriNet Group Inc. | 6,905 | 572 | |||
Brink's Co. | 8,463 | 552 | ||||
* | Hub Group Inc. Class A | 6,013 | 552 | |||
Korn Ferry | 9,866 | 551 | ||||
Werner Enterprises Inc. | 11,795 | 548 | ||||
UniFirst Corp. | 2,784 | 546 | ||||
* | Affirm Holdings Inc. Class A | 39,952 | 544 | |||
* | ACI Worldwide Inc. | 20,718 | 536 | |||
Scorpio Tankers Inc. | 8,829 | 533 | ||||
Zurn Elkay Water Solutions Corp. | 22,973 | 528 | ||||
* | Atlas Air Worldwide Holdings Inc. | 5,200 | 524 | |||
Forward Air Corp. | 5,008 | 517 | ||||
Installed Building Products Inc. | 4,378 | 505 | ||||
* | AZEK Co. Inc. Class A | 20,528 | 495 | |||
Kadant Inc. | 2,204 | 473 | ||||
Brady Corp. Class A | 8,539 | 471 | ||||
* | Marqeta Inc. Class A | 80,766 | 468 | |||
McGrath RentCorp | 4,510 | 464 | ||||
* | Itron Inc. | 8,294 | 463 | |||
* | Dycom Industries Inc. | 5,396 | 454 | |||
* | Verra Mobility Corp. Class A | 26,101 | 450 |
Shares | Market Value• ($000) | |||||
* | CBIZ Inc. | 8,822 | 442 | |||
* | StoneCo Ltd. Class A | 51,268 | 436 | |||
ArcBest Corp. | 4,500 | 433 | ||||
Trinity Industries Inc. | 15,180 | 424 | ||||
EVERTEC Inc. | 11,267 | 415 | ||||
Helios Technologies Inc. | 5,999 | 406 | ||||
* | RXO Inc. | 19,018 | 391 | |||
Bread Financial Holdings Inc. | 9,312 | 382 | ||||
* | Masonite International Corp. | 4,078 | 362 | |||
1 | ZIM Integrated Shipping Services Ltd. | 15,100 | 357 | |||
Granite Construction Inc. | 8,197 | 354 | ||||
H&E Equipment Services Inc. | 5,959 | 331 | ||||
* | Pagseguro Digital Ltd. Class A | 36,241 | 314 | |||
* | Core & Main Inc. Class A | 13,200 | 308 | |||
* | Gibraltar Industries Inc. | 5,706 | 305 | |||
Lindsay Corp. | 2,028 | 305 | ||||
ADT Inc. | 39,028 | 294 | ||||
* | Dlocal Ltd. Class A | 19,268 | 288 | |||
Schneider National Inc. Class B | 9,954 | 279 | ||||
* | Gates Industrial Corp. plc | 19,800 | 278 | |||
* | OSI Systems Inc. | 2,959 | 274 | |||
Primoris Services Corp. | 9,814 | 270 | ||||
* | Flywire Corp. | 10,502 | 260 | |||
* | Huron Consulting Group Inc. | 3,676 | 258 | |||
*,1 | Virgin Galactic Holdings Inc. | 44,736 | 257 | |||
Tennant Co. | 3,447 | 244 | ||||
1 | Golden Ocean Group Ltd. | 22,800 | 237 | |||
* | Masterbrand Inc. | 24,207 | 236 | |||
TriMas Corp. | 7,762 | 233 | ||||
1 | Star Bulk Carriers Corp. | 9,200 | 225 | |||
SFL Corp. Ltd. | 21,019 | 217 | ||||
* | Vivint Smart Home Inc. | 17,500 | 197 | |||
* | JELD-WEN Holding Inc. | 14,938 | 196 | |||
Astec Industries Inc. | 4,260 | 192 | ||||
* | Kornit Digital Ltd. | 9,294 | 191 | |||
Greenbrier Cos. Inc. | 5,862 | 188 | ||||
* | Enovix Corp. | 20,418 | 188 | |||
Apogee Enterprises Inc. | 4,045 | 185 | ||||
* | CryoPort Inc. | 8,100 | 175 | |||
* | Proto Labs Inc. | 5,100 | 160 | |||
* | Green Dot Corp. Class A | 8,401 | 159 | |||
* | American Woodmark Corp. | 3,062 | 156 | |||
* | Hayward Holdings Inc. | 12,500 | 154 | |||
Trinseo plc | 6,543 | 152 | ||||
Deluxe Corp. | 8,064 | 149 | ||||
* | Legalzoom.com Inc. | 17,500 | 143 | |||
TTEC Holdings Inc. | 3,470 | 140 | ||||
Heartland Express Inc. | 8,511 | 137 |
Shares | Market Value• ($000) | |||||
Ardagh Metal Packaging SA | 26,900 | 130 | ||||
* | Cimpress plc | 3,228 | 113 | |||
* | TrueBlue Inc. | 5,741 | 107 | |||
Matson Inc. | 1,519 | 101 | ||||
* | FARO Technologies Inc. | 3,492 | 95 | |||
*,1 | Desktop Metal Inc. Class A | 47,900 | 73 | |||
* | Forrester Research Inc. | 2,169 | 71 | |||
* | TuSimple Holdings Inc. Class A | 26,206 | 50 | |||
*,1 | Arrival SA | 15,900 | 4 | |||
668,107 | ||||||
Real Estate (3.8%) | ||||||
Prologis Inc. | 171,911 | 21,214 | ||||
American Tower Corp. | 86,712 | 17,170 | ||||
Equinix Inc. | 17,286 | 11,897 | ||||
Crown Castle Inc. | 80,520 | 10,528 | ||||
Public Storage | 29,193 | 8,727 | ||||
Realty Income Corp. | 117,169 | 7,493 | ||||
Simon Property Group Inc. | 60,926 | 7,438 | ||||
Welltower Inc. | 88,287 | 6,544 | ||||
Digital Realty Trust Inc. | 53,579 | 5,585 | ||||
* | CoStar Group Inc. | 75,316 | 5,322 | |||
SBA Communications Corp. Class A | 19,882 | 5,156 | ||||
* | CBRE Group Inc. Class A | 58,761 | 5,003 | |||
Alexandria Real Estate Equities Inc. | 30,225 | 4,527 | ||||
AvalonBay Communities Inc. | 26,075 | 4,499 | ||||
Equity Residential | 69,136 | 4,322 | ||||
Extra Space Storage Inc. | 24,768 | 4,078 | ||||
Ventas Inc. | 74,519 | 3,625 | ||||
Invitation Homes Inc. | 113,900 | 3,561 | ||||
Mid-America Apartment Communities Inc. | 21,439 | 3,432 | ||||
Sun Communities Inc. | 22,710 | 3,251 | ||||
WP Carey Inc. | 38,435 | 3,119 | ||||
Iron Mountain Inc. | 53,788 | 2,837 | ||||
Essex Property Trust Inc. | 12,099 | 2,759 | ||||
UDR Inc. | 60,558 | 2,594 | ||||
Healthpeak Properties Inc. | 100,492 | 2,418 | ||||
Kimco Realty Corp. | 112,577 | 2,320 | ||||
Equity LifeStyle Properties Inc. | 33,110 | 2,268 | ||||
Host Hotels & Resorts Inc. | 132,366 | 2,224 | ||||
Camden Property Trust | 19,350 | 2,221 | ||||
Rexford Industrial Realty Inc. | 34,290 | 2,073 | ||||
Regency Centers Corp. | 32,016 | 2,014 | ||||
CubeSmart | 41,708 | 1,960 | ||||
Boston Properties Inc. | 29,211 | 1,913 | ||||
Life Storage Inc. | 15,672 | 1,889 | ||||
American Homes 4 Rent Class A | 57,393 | 1,780 |
Shares | Market Value• ($000) | |||||
Lamar Advertising Co. Class A | 16,134 | 1,687 | ||||
Federal Realty Investment Trust | 15,001 | 1,602 | ||||
* | Jones Lang LaSalle Inc. | 8,924 | 1,557 | |||
National Retail Properties Inc. | 33,266 | 1,508 | ||||
Americold Realty Trust Inc. | 50,132 | 1,474 | ||||
Healthcare Realty Trust Inc. Class A | 70,746 | 1,380 | ||||
First Industrial Realty Trust Inc. | 24,575 | 1,296 | ||||
Brixmor Property Group Inc. | 55,464 | 1,256 | ||||
EastGroup Properties Inc. | 7,687 | 1,255 | ||||
* | Zillow Group Inc. Class C | 28,629 | 1,202 | |||
Omega Healthcare Investors Inc. | 43,830 | 1,174 | ||||
Agree Realty Corp. | 16,201 | 1,147 | ||||
Medical Properties Trust Inc. | 110,673 | 1,140 | ||||
STAG Industrial Inc. | 33,417 | 1,124 | ||||
Spirit Realty Capital Inc. | 26,040 | 1,072 | ||||
Apartment Income REIT Corp. Class A | 27,892 | 1,054 | ||||
Ryman Hospitality Properties Inc. | 9,978 | 926 | ||||
Terreno Realty Corp. | 14,655 | 912 | ||||
Rayonier Inc. | 27,090 | 910 | ||||
Kite Realty Group Trust | 40,244 | 874 | ||||
Kilroy Realty Corp. | 21,690 | 781 | ||||
Independence Realty Trust Inc. | 41,488 | 751 | ||||
Cousins Properties Inc. | 28,275 | 692 | ||||
PotlatchDeltic Corp. | 14,744 | 681 | ||||
Essential Properties Realty Trust Inc. | 26,188 | 675 | ||||
National Storage Affiliates Trust | 15,948 | 675 | ||||
Apple Hospitality REIT Inc. | 39,986 | 660 | ||||
Vornado Realty Trust | 33,115 | 655 | ||||
Physicians Realty Trust | 42,129 | 625 | ||||
Broadstone Net Lease Inc. | 32,337 | 574 | ||||
Park Hotels & Resorts Inc. | 41,679 | 573 | ||||
* | Howard Hughes Corp. | 6,862 | 570 | |||
EPR Properties | 13,907 | 568 | ||||
Corporate Office Properties Trust | 20,994 | 534 | ||||
LXP Industrial Trust | 50,556 | 527 | ||||
Highwoods Properties Inc. | 19,394 | 514 | ||||
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 16,026 | 503 | ||||
SITE Centers Corp. | 36,369 | 486 | ||||
Macerich Co. | 40,055 | 479 | ||||
Outfront Media Inc. | 27,173 | 474 | ||||
* | Zillow Group Inc. Class A | 11,238 | 465 |
Shares | Market Value• ($000) | |||||
Innovative Industrial Properties Inc. | 5,185 | 458 | ||||
Douglas Emmett Inc. | 31,437 | 444 | ||||
National Health Investors Inc. | 7,786 | 428 | ||||
Four Corners Property Trust Inc. | 15,474 | 420 | ||||
Equity Commonwealth | 19,365 | 411 | ||||
Sunstone Hotel Investors Inc. | 38,877 | 411 | ||||
SL Green Realty Corp. | 12,082 | 411 | ||||
* | Cushman & Wakefield plc | 29,300 | 379 | |||
Kennedy-Wilson Holdings Inc. | 22,036 | 368 | ||||
DigitalBridge Group Inc. | 29,431 | 361 | ||||
Tanger Factory Outlet Centers Inc. | 18,800 | 355 | ||||
CareTrust REIT Inc. | 17,931 | 353 | ||||
Pebblebrook Hotel Trust | 24,397 | 348 | ||||
JBG SMITH Properties | 20,008 | 345 | ||||
DiamondRock Hospitality Co. | 38,909 | 339 | ||||
RLJ Lodging Trust | 29,929 | 339 | ||||
Urban Edge Properties | 21,375 | 329 | ||||
Retail Opportunity Investments Corp. | 22,600 | 322 | ||||
Elme Communities | 16,377 | 305 | ||||
Xenia Hotels & Resorts Inc. | 21,138 | 297 | ||||
St. Joe Co. | 6,511 | 279 | ||||
Getty Realty Corp. | 8,013 | 275 | ||||
Global Net Lease Inc. | 19,042 | 269 | ||||
LTC Properties Inc. | 7,353 | 263 | ||||
* | Veris Residential Inc. | 15,914 | 257 | |||
Acadia Realty Trust | 17,518 | 255 | ||||
Alexander & Baldwin Inc. | 13,599 | 254 | ||||
Uniti Group Inc. | 44,198 | 243 | ||||
Hudson Pacific Properties Inc. | 25,911 | 239 | ||||
American Assets Trust Inc. | 9,328 | 235 | ||||
Apartment Investment & Management Co. Class A | 27,900 | 209 | ||||
Piedmont Office Realty Trust Inc. Class A | 22,371 | 205 | ||||
Newmark Group Inc. Class A | 24,936 | 200 | ||||
Paramount Group Inc. | 35,404 | 187 | ||||
Brandywine Realty Trust | 31,193 | 184 | ||||
Empire State Realty Trust Inc. Class A | 24,900 | 182 | ||||
Centerspace | 2,789 | 175 | ||||
RPT Realty | 15,423 | 165 | ||||
Marcus & Millichap Inc. | 4,757 | 164 | ||||
1 | eXp World Holdings Inc. | 13,200 | 159 | |||
* | Redfin Corp. | 19,731 | 146 | |||
Summit Hotel Properties Inc. | 19,124 | 142 |
Shares | Market Value• ($000) | |||||
* | Opendoor Technologies Inc. | 89,975 | 130 | |||
Universal Health Realty Income Trust | 2,431 | 129 | ||||
* | Anywhere Real Estate Inc. | 19,737 | 114 | |||
Orion Office REIT Inc. | 10,800 | 92 | ||||
Saul Centers Inc. | 2,184 | 86 | ||||
*,1 | WeWork Inc. | 39,708 | 46 | |||
227,480 | ||||||
Technology (29.7%) | ||||||
Apple Inc. | 2,807,855 | 413,906 | ||||
Microsoft Corp. | 1,397,852 | 348,652 | ||||
NVIDIA Corp. | 449,889 | 104,446 | ||||
* | Alphabet Inc. Class C | 1,086,929 | 98,150 | |||
* | Alphabet Inc. Class A | 1,033,242 | 93,054 | |||
* | Meta Platforms Inc. Class A | 420,062 | 73,486 | |||
Broadcom Inc. | 73,790 | 43,853 | ||||
* | Salesforce Inc. | 179,764 | 29,411 | |||
Texas Instruments Inc. | 169,491 | 29,059 | ||||
* | Adobe Inc. | 86,720 | 28,093 | |||
QUALCOMM Inc. | 209,258 | 25,850 | ||||
Oracle Corp. | 285,478 | 24,951 | ||||
* | Advanced Micro Devices Inc. | 301,743 | 23,711 | |||
Intuit Inc. | 51,493 | 20,967 | ||||
Intel Corp. | 764,445 | 19,058 | ||||
Applied Materials Inc. | 160,412 | 18,632 | ||||
* | ServiceNow Inc. | 37,381 | 16,155 | |||
Lam Research Corp. | 25,538 | 12,412 | ||||
Micron Technology Inc. | 202,781 | 11,725 | ||||
* | Synopsys Inc. | 28,433 | 10,343 | |||
* | Palo Alto Networks Inc. | 54,898 | 10,341 | |||
KLA Corp. | 26,465 | 10,040 | ||||
* | Cadence Design Systems Inc. | 50,919 | 9,824 | |||
* | Snowflake Inc. Class A | 57,237 | 8,836 | |||
NXP Semiconductors NV | 48,330 | 8,626 | ||||
* | Autodesk Inc. | 40,581 | 8,063 | |||
Microchip Technology Inc. | 99,342 | 8,050 | ||||
* | Fortinet Inc. | 120,427 | 7,158 | |||
Marvell Technology Inc. | 158,386 | 7,151 | ||||
* | Workday Inc. Class A | 37,276 | 6,914 | |||
* | ON Semiconductor Corp. | 81,005 | 6,271 | |||
Cognizant Technology Solutions Corp. Class A | 95,826 | 6,002 | ||||
HP Inc. | 187,953 | 5,548 | ||||
CDW Corp. | 25,207 | 5,102 | ||||
Corning Inc. | 140,848 | 4,782 | ||||
* | Crowdstrike Holdings Inc. Class A | 39,224 | 4,734 | |||
* | Gartner Inc. | 14,280 | 4,681 | |||
* | Atlassian Corp. Class A | 26,783 | 4,401 | |||
* | VMware Inc. Class A | 38,945 | 4,289 | |||
Monolithic Power Systems Inc. | 8,431 | 4,083 |
Shares | Market Value• ($000) | |||||
* | Datadog Inc. Class A | 49,490 | 3,787 | |||
Hewlett Packard Enterprise Co. | 239,952 | 3,746 | ||||
* | Zoom Video Communications Inc. Class A | 47,147 | 3,517 | |||
* | VeriSign Inc. | 17,318 | 3,409 | |||
* | HubSpot Inc. | 8,655 | 3,348 | |||
Skyworks Solutions Inc. | 29,979 | 3,345 | ||||
* | Cloudflare Inc. Class A | 52,801 | 3,169 | |||
* | EPAM Systems Inc. | 10,288 | 3,165 | |||
* | Splunk Inc. | 30,395 | 3,115 | |||
Teradyne Inc. | 29,255 | 2,959 | ||||
* | Paycom Software Inc. | 9,603 | 2,776 | |||
* | Pinterest Inc. Class A | 108,717 | 2,730 | |||
* | Palantir Technologies Inc. Class A | 343,535 | 2,693 | |||
NetApp Inc. | 40,523 | 2,616 | ||||
* | MongoDB Inc. Class A | 12,431 | 2,605 | |||
* | DoorDash Inc. Class A | 46,732 | 2,554 | |||
* | PTC Inc. | 19,669 | 2,465 | |||
* | Tyler Technologies Inc. | 7,662 | 2,461 | |||
SS&C Technologies Holdings Inc. | 41,203 | 2,419 | ||||
Entegris Inc. | 27,657 | 2,357 | ||||
Seagate Technology Holdings plc | 36,027 | 2,326 | ||||
* | Check Point Software Technologies Ltd. | 18,682 | 2,311 | |||
* | Western Digital Corp. | 59,326 | 2,283 | |||
* | DocuSign Inc. Class A | 36,932 | 2,266 | |||
* | GoDaddy Inc. Class A | 29,256 | 2,215 | |||
* | Twilio Inc. Class A | 32,532 | 2,186 | |||
* | Lattice Semiconductor Corp. | 25,348 | 2,154 | |||
* | Match Group Inc. | 51,868 | 2,148 | |||
* | Akamai Technologies Inc. | 28,850 | 2,094 | |||
Amdocs Ltd. | 22,535 | 2,064 | ||||
* | Zscaler Inc. | 15,730 | 2,063 | |||
Jabil Inc. | 24,526 | 2,036 | ||||
Gen Digital Inc. | 104,365 | 2,036 | ||||
* | Okta Inc. Class A | 28,202 | 2,011 | |||
* | Flex Ltd. | 84,949 | 1,933 | |||
* | Qorvo Inc. | 18,867 | 1,903 | |||
* | Ceridian HCM Holding Inc. | 25,589 | 1,866 | |||
* | Black Knight Inc. | 28,877 | 1,721 | |||
* | Wolfspeed Inc. | 22,991 | 1,701 | |||
* | Dynatrace Inc. | 39,919 | 1,698 | |||
* | Manhattan Associates Inc. | 11,531 | 1,658 | |||
* | F5 Inc. | 11,057 | 1,581 | |||
* | Pure Storage Inc. Class A | 52,413 | 1,496 | |||
*,1 | Unity Software Inc. | 46,222 | 1,407 | |||
* | Arrow Electronics Inc. | 11,379 | 1,343 | |||
* | Globant SA | 7,546 | 1,246 | |||
National Instruments Corp. | 24,591 | 1,242 |
Shares | Market Value• ($000) | |||||
* | ZoomInfo Technologies Inc. Class A | 51,206 | 1,238 | |||
* | Nutanix Inc. Class A | 42,816 | 1,210 | |||
* | DXC Technology Co. | 42,945 | 1,191 | |||
* | Coupa Software Inc. | 14,058 | 1,139 | |||
Universal Display Corp. | 8,111 | 1,102 | ||||
* | Silicon Laboratories Inc. | ���6,151 | 1,098 | |||
* | CyberArk Software Ltd. | 7,581 | 1,097 | |||
Concentrix Corp. | 7,920 | 1,084 | ||||
* | Aspen Technology Inc. | 5,065 | 1,074 | |||
* | Guidewire Software Inc. | 15,290 | 1,073 | |||
* | Cirrus Logic Inc. | 10,226 | 1,051 | |||
* | Smartsheet Inc. Class A | 23,780 | 1,047 | |||
* | UiPath Inc. Class A | 70,465 | 1,046 | |||
* | Novanta Inc. | 6,570 | 1,031 | |||
* | Dropbox Inc. Class A | 49,972 | 1,019 | |||
* | SPS Commerce Inc. | 6,688 | 1,007 | |||
Dolby Laboratories Inc. Class A | 11,356 | 934 | ||||
* | Wix.com Ltd. | 10,306 | 933 | |||
* | Tenable Holdings Inc. | 20,817 | 921 | |||
Vertiv Holdings Co. Class A | 56,454 | 917 | ||||
* | Toast Inc. Class A | 47,586 | 900 | |||
* | Clarivate plc | 88,331 | 895 | |||
* | Procore Technologies Inc. | 13,332 | 893 | |||
* | Rambus Inc. | 19,868 | 879 | |||
* | Box Inc. Class A | 26,100 | 870 | |||
* | Synaptics Inc. | 7,368 | 867 | |||
Power Integrations Inc. | 10,499 | 864 | ||||
* | Five9 Inc. | 13,076 | 863 | |||
* | Elastic NV | 14,416 | 851 | |||
TD SYNNEX Corp. | 8,747 | 844 | ||||
* | Qualys Inc. | 7,126 | 842 | |||
* | Super Micro Computer Inc. | 8,578 | 840 | |||
* | Fabrinet | 6,837 | 833 | |||
* | Workiva Inc. Class A | 8,895 | 793 | |||
* | Teradata Corp. | 19,195 | 782 | |||
* | Insight Enterprises Inc. | 5,818 | 779 | |||
*,1 | GLOBALFOUNDRIES Inc. | 11,816 | 772 | |||
* | Onto Innovation Inc. | 9,259 | 764 | |||
* | Diodes Inc. | 8,283 | 759 | |||
Avnet Inc. | 16,930 | 757 | ||||
* | Alteryx Inc. Class A | 11,295 | 738 | |||
* | New Relic Inc. | 9,917 | 724 | |||
* | Blackline Inc. | 10,275 | 702 | |||
* | Ziff Davis Inc. | 8,461 | 668 | |||
Advanced Energy Industries Inc. | 7,053 | 656 | ||||
* | Envestnet Inc. | 10,293 | 643 | |||
* | Ambarella Inc. | 6,786 | 640 | |||
* | Altair Engineering Inc. Class A | 9,804 | 628 | |||
* | NCR Corp. | 23,708 | 605 | |||
* | Confluent Inc. Class A | 23,345 | 569 | |||
Dun & Bradstreet Holdings Inc. | 47,060 | 565 |
Shares | Market Value• ($000) | |||||
Kulicke & Soffa Industries Inc. | 10,526 | 561 | ||||
* | Varonis Systems Inc. Class B | 20,395 | 552 | |||
* | Allegro MicroSystems Inc. | 12,300 | 537 | |||
* | RingCentral Inc. Class A | 15,948 | 527 | |||
* | Sprout Social Inc. Class A | 8,641 | 527 | |||
* | Rogers Corp. | 3,502 | 515 | |||
Vishay Intertechnology Inc. | 24,146 | 513 | ||||
* | Rapid7 Inc. | 10,632 | 503 | |||
* | CommVault Systems Inc. | 8,317 | 490 | |||
Amkor Technology Inc. | 18,824 | 485 | ||||
* | Blackbaud Inc. | 8,618 | 480 | |||
* | PagerDuty Inc. | 16,018 | 478 | |||
* | Appfolio Inc. Class A | 3,600 | 475 | |||
* | MaxLinear Inc. Class A | 13,425 | 459 | |||
*,1 | MicroStrategy Inc. Class A | 1,746 | 458 | |||
Progress Software Corp. | 7,966 | 458 | ||||
* | Alarm.com Holdings Inc. | 8,914 | 453 | |||
* | Perficient Inc. | 6,314 | 447 | |||
* | Verint Systems Inc. | 11,699 | 437 | |||
* | Global-e Online Ltd. | 15,231 | 431 | |||
* | FormFactor Inc. | 14,277 | 430 | |||
* | DigitalOcean Holdings Inc. | 12,793 | 409 | |||
* | Gitlab Inc. Class A | 9,106 | 401 | |||
* | Bumble Inc. Class A | 16,002 | 387 | |||
* | Yelp Inc. Class A | 12,536 | 376 | |||
* | SiTime Corp. | 3,013 | 374 | |||
* | Semtech Corp. | 12,003 | 370 | |||
* | NetScout Systems Inc. | 12,757 | 363 | |||
* | DoubleVerify Holdings Inc. | 13,506 | 355 | |||
Pegasystems Inc. | 7,642 | 354 | ||||
* | nCino Inc. | 12,900 | 352 | |||
Xerox Holdings Corp. | 21,168 | 349 | ||||
* | Monday.com Ltd. | 2,200 | 340 | |||
* | Veradigm Inc. | 20,086 | 334 | |||
Shutterstock Inc. | 4,358 | 328 | ||||
* | Q2 Holdings Inc. | 10,124 | 327 | |||
CSG Systems International Inc. | 5,801 | 326 | ||||
Methode Electronics Inc. | 6,700 | 326 | ||||
* | Cargurus Inc. Class A | 18,925 | 323 | |||
* | Appian Corp. Class A | 7,455 | 309 | |||
* | Fastly Inc. Class A | 21,440 | 298 | |||
* | LiveRamp Holdings Inc. | 12,247 | 289 | |||
* | CCC Intelligent Solutions Holdings Inc. | 32,200 | 289 | |||
* | JFrog Ltd. | 12,400 | 285 | |||
* | Magnite Inc. | 24,506 | 273 | |||
* | Duck Creek Technologies Inc. | 14,300 | 271 | |||
* | Jamf Holding Corp. | 12,306 | 261 | |||
Adeia Inc. | 26,500 | 261 | ||||
* | Upwork Inc. | 22,413 | 254 | |||
* | Paycor HCM Inc. | 10,200 | 253 | |||
CTS Corp. | 5,738 | 249 |
Shares | Market Value• ($000) | |||||
* | C3.ai Inc. Class A | 10,800 | 244 | |||
* | Everbridge Inc. | 7,400 | 242 | |||
* | E2open Parent Holdings Inc. | 37,524 | 233 | |||
* | 3D Systems Corp. | 23,663 | 232 | |||
* | Fiverr International Ltd. | 5,753 | 228 | |||
* | Schrodinger Inc. | 9,700 | 211 | |||
* | Asana Inc. Class A | 13,651 | 202 | |||
* | Cerence Inc. | 7,256 | 199 | |||
* | PROS Holdings Inc. | 7,568 | 197 | |||
* | Digital Turbine Inc. | 17,342 | 186 | |||
* | TechTarget Inc. | 4,900 | 185 | |||
* | Momentive Global Inc. | 23,886 | 165 | |||
* | Stratasys Ltd. | 12,376 | 160 | |||
* | Yext Inc. | 21,047 | 154 | |||
* | N-able Inc. | 12,937 | 153 | |||
* | ScanSource Inc. | 4,696 | 146 | |||
* | Consensus Cloud Solutions Inc. | 3,507 | 144 | |||
* | LivePerson Inc. | 13,006 | 132 | |||
* | Matterport Inc. | 42,900 | 131 | |||
* | Thoughtworks Holding Inc. | 15,300 | 113 | |||
* | BigCommerce Holdings Inc. | 11,500 | 109 | |||
* | IonQ Inc. | 21,984 | 104 | |||
*,1 | MicroVision Inc. | 31,500 | 81 | |||
* | SolarWinds Corp. | 8,638 | 74 | |||
*,2 | Yandex NV Class A | 54,882 | — | |||
1,759,958 | ||||||
Telecommunications (2.9%) | ||||||
Cisco Systems Inc. | 767,785 | 37,176 | ||||
Verizon Communications Inc. | 785,276 | 30,477 | ||||
Comcast Corp. Class A | 801,578 | 29,795 | ||||
AT&T Inc. | 1,337,464 | 25,291 | ||||
* | T-Mobile US Inc. | 111,341 | 15,830 | |||
Motorola Solutions Inc. | 30,752 | 8,082 | ||||
* | Charter Communications Inc. Class A | 20,048 | 7,370 | |||
* | Arista Networks Inc. | 45,961 | 6,375 | |||
Juniper Networks Inc. | 59,631 | 1,835 | ||||
* | Roku Inc. Class A | 22,783 | 1,474 | |||
* | Ciena Corp. | 27,542 | 1,328 | |||
Frontier Communications Parent Inc. | 45,662 | 1,249 | ||||
* | Liberty Global plc Class C | 41,777 | 888 | |||
* | Liberty Global plc Class A | 38,074 | 780 | |||
Cable One Inc. | 1,116 | 771 | ||||
* | Lumentum Holdings Inc. | 12,635 | 680 | |||
Lumen Technologies Inc. | 191,077 | 650 | ||||
* | Calix Inc. | 10,680 | 546 | |||
* | DISH Network Corp. Class A | 46,523 | 531 | |||
Cogent Communications Holdings Inc. | 8,045 | 521 | ||||
* | Viavi Solutions Inc. | 42,049 | 460 |
Shares | Market Value• ($000) | |||||
InterDigital Inc. | 5,455 | 398 | ||||
* | CommScope Holding Co. Inc. | 37,903 | 274 | |||
Telephone & Data Systems Inc. | 18,869 | 239 | ||||
* | Liberty Latin America Ltd. Class C | 26,426 | 232 | |||
Ubiquiti Inc. | 800 | 215 | ||||
Shenandoah Telecommunications Co. | 8,700 | 170 | ||||
* | EchoStar Corp. Class A | 6,100 | 122 | |||
* | 8x8 Inc. | 21,456 | 114 | |||
* | Liberty Latin America Ltd. Class A | 7,448 | 66 | |||
* | Xperi Inc. | 1,120 | 13 | |||
173,952 | ||||||
Utilities (0.6%) | ||||||
Waste Management Inc. | 76,648 | 11,479 | ||||
Republic Services Inc. Class A | 38,464 | 4,959 | ||||
American Water Works Co. Inc. | 34,027 | 4,777 | ||||
Atmos Energy Corp. | 25,694 | 2,899 | ||||
Essential Utilities Inc. | 43,140 | 1,846 | ||||
* | Clean Harbors Inc. | 9,524 | 1,258 | |||
* | Sunrun Inc. | 38,898 | 935 | |||
New Jersey Resources Corp. | 17,836 | 910 | ||||
* | Stericycle Inc. | 17,204 | 820 | |||
ONE Gas Inc. | 10,031 | 804 | ||||
Southwest Gas Holdings Inc. | 12,464 | 785 | ||||
Ormat Technologies Inc. | 9,138 | 772 | ||||
* | Casella Waste Systems Inc. Class A | 9,201 | 716 | |||
Spire Inc. | 9,508 | 669 | ||||
California Water Service Group | 10,131 | 580 | ||||
SJW Group | 4,968 | 380 | ||||
* | Sunnova Energy International Inc. | 18,306 | 326 | |||
Northwest Natural Holding Co. | 6,400 | 309 | ||||
* | Harsco Corp. | 14,734 | 125 | |||
35,349 | ||||||
Total Common Stocks (Cost $5,969,088) | 5,897,738 |
Shares | Market Value• ($000) | |||||
Temporary Cash Investments (0.6%) | ||||||
Money Market Fund (0.6%) | ||||||
3,4 | Vanguard Market Liquidity Fund, 4.640% (Cost $32,608) | 326,136 | 32,611 | |||
Total Investments (100.1%) (Cost $6,001,696) | 5,930,349 | |||||
Other Assets and Liabilities—Net (-0.1%) | (5,811) | |||||
Net Assets (100%) | 5,924,538 |
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $11,368,000. |
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 $12,083,000 was received for securities on loan. |
REIT—Real Estate Investment Trust. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini S&P 500 Index | March 2023 | 140 | 27,829 | (267) |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $5,969,088) | 5,897,738 |
Affiliated Issuers (Cost $32,608) | 32,611 |
Total Investments in Securities | 5,930,349 |
Investment in Vanguard | 217 |
Cash Collateral Pledged—Futures Contracts | 1,403 |
Receivables for Investment Securities Sold | 348 |
Receivables for Accrued Income | 6,017 |
Total Assets | 5,938,334 |
Liabilities | |
Due to Custodian | 1,379 |
Payables for Investment Securities Purchased | 58 |
Collateral for Securities on Loan | 12,083 |
Payables for Capital Shares Redeemed | 2 |
Payables to Vanguard | 193 |
Variation Margin Payable—Futures Contracts | 81 |
Total Liabilities | 13,796 |
Net Assets | 5,924,538 |
1 Includes $11,368,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 6,024,192 |
Total Distributable Earnings (Loss) | (99,654) |
Net Assets | 5,924,538 |
Net Assets | |
Applicable to 85,125,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 5,924,538 |
Net Asset Value Per Share | $69.60 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 41,164 |
Interest2 | 223 |
Securities Lending—Net | 503 |
Total Income | 41,890 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 70 |
Management and Administrative | 2,248 |
Marketing and Distribution | 157 |
Custodian Fees | 24 |
Shareholders’ Reports | 67 |
Trustees’ Fees and Expenses | 1 |
Other Expenses | 6 |
Total Expenses | 2,573 |
Net Investment Income | 39,317 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 62,562 |
Futures Contracts | (523) |
Realized Net Gain (Loss) | 62,039 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | (52,401) |
Futures Contracts | 311 |
Change in Unrealized Appreciation (Depreciation) | (52,090) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 49,266 |
1 | Dividends are net of foreign withholding taxes of $27,000. |
2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $210,000, $1,000, less than $1,000, and $2,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $83,457,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 39,317 | 69,924 | |
Realized Net Gain (Loss) | 62,039 | 21,517 | |
Change in Unrealized Appreciation (Depreciation) | (52,090) | (1,199,724) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 49,266 | (1,108,283) | |
Distributions | |||
Total Distributions | (46,316) | (64,814) | |
Capital Share Transactions | |||
Issued | 268,460 | 2,042,647 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (247,130) | (228,692) | |
Net Increase (Decrease) from Capital Share Transactions | 21,330 | 1,813,955 | |
Total Increase (Decrease) | 24,280 | 640,858 | |
Net Assets | |||
Beginning of Period | 5,900,258 | 5,259,400 | |
End of Period | 5,924,538 | 5,900,258 |
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | September 18, 20181 to August 31, 2019 | ||
2022 | 2021 | 2020 | |||
Net Asset Value, Beginning of Period | $69.60 | $84.42 | $64.47 | $51.25 | $50.00 |
Investment Operations | |||||
Net Investment Income2 | .463 | .921 | .873 | .846 | .792 |
Net Realized and Unrealized Gain (Loss) on Investments | .084 | (14.856) | 19.844 | 13.146 | .868 |
Total from Investment Operations | .547 | (13.935) | 20.717 | 13.992 | 1.660 |
Distributions | |||||
Dividends from Net Investment Income | (.547) | (.885) | (.767) | (.772) | (.410) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (.547) | (.885) | (.767) | (.772) | (.410) |
Net Asset Value, End of Period | $69.60 | $69.60 | $84.42 | $64.47 | $51.25 |
Total Return | 0.82% | -16.61% | 32.41% | 27.60% | 3.40% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $5,925 | $5,900 | $5,259 | $1,974 | $595 |
Ratio of Total Expenses to Average Net Assets | 0.09% | 0.09% | 0.09% | 0.12% | 0.12%3 |
Ratio of Net Investment Income to Average Net Assets | 1.38% | 1.18% | 1.18% | 1.54% | 1.67%3 |
Portfolio Turnover Rate4 | 2% | 7% | 6% | 6% | 6% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Inception. |
2 | Calculated based on average shares outstanding. |
3 | Annualized. |
4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 5,897,644 | 94 | — | 5,897,738 |
Temporary Cash Investments | 32,611 | — | — | 32,611 |
Total | 5,930,255 | 94 | — | 5,930,349 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 267 | — | — | 267 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Amount ($000) | |
Tax Cost | 6,004,623 |
Gross Unrealized Appreciation | 715,504 |
Gross Unrealized Depreciation | (790,045) |
Net Unrealized Appreciation (Depreciation) | (74,541) |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
Shares (000) | Shares (000) | ||
Issued | 4,025 | 25,425 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (3,675) | (2,950) | |
Net Increase (Decrease) in Shares Outstanding | 350 | 22,475 |
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• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2023 | |||
ESG International Stock ETF | Beginning Account Value 8/31/2022 | Ending Account Value 2/28/2023 | Expenses Paid During Period |
Based on Actual Fund Return | $1,000.00 | $1,066.40 | $0.61 |
Based on Hypothetical 5% Yearly Return | 1,000.00 | 1,024.20 | 0.60 |
Japan | 16.7% |
United Kingdom | 8.2 |
China | 7.3 |
Canada | 6.8 |
Switzerland | 6.4 |
Taiwan | 5.9 |
Germany | 5.6 |
Australia | 5.2 |
France | 4.6 |
India | 3.8 |
South Korea | 3.8 |
Netherlands | 3.5 |
Sweden | 2.4 |
Denmark | 2.1 |
Hong Kong | 1.9 |
Italy | 1.7 |
Spain | 1.5 |
Brazil | 1.4 |
South Africa | 1.1 |
Singapore | 1.1 |
Other | 9.0 |
Shares | Market Value• ($000) | |||||
Common Stocks (99.6%) | ||||||
Australia (5.2%) | ||||||
Commonwealth Bank of Australia | 279,677 | 18,895 | ||||
CSL Ltd. | 79,931 | 15,904 | ||||
National Australia Bank Ltd. | 526,848 | 10,605 | ||||
Westpac Banking Corp. | 578,227 | 8,744 | ||||
ANZ Group Holdings Ltd. | 497,418 | 8,228 | ||||
Macquarie Group Ltd. | 56,408 | 7,163 | ||||
Wesfarmers Ltd. | 181,205 | 5,866 | ||||
Transurban Group | 502,427 | 4,781 | ||||
Goodman Group | 317,733 | 4,227 | ||||
Fortescue Metals Group Ltd. | 267,924 | 3,839 | ||||
Amcor plc | 247,924 | 2,750 | ||||
QBE Insurance Group Ltd. | 266,592 | 2,697 | ||||
Newcrest Mining Ltd. (XASX) | 144,156 | 2,207 | ||||
Brambles Ltd. | 248,445 | 2,147 | ||||
Telstra Group Ltd. | 742,083 | 2,073 | ||||
Suncorp Group Ltd. | 233,705 | 2,016 | ||||
Scentre Group | 990,853 | 1,979 | ||||
Sonic Healthcare Ltd. | 88,284 | 1,910 | ||||
Cochlear Ltd. | 12,176 | 1,816 | ||||
ASX Ltd. | 36,359 | 1,661 | ||||
James Hardie Industries plc | 78,149 | 1,628 | ||||
Computershare Ltd. | 95,697 | 1,592 | ||||
Mineral Resources Ltd. | 27,737 | 1,532 | ||||
Insurance Australia Group Ltd. | 467,996 | 1,461 | ||||
Northern Star Resources Ltd. | 201,376 | 1,405 | ||||
Ramsay Health Care Ltd. | 30,466 | 1,381 | ||||
Dexus | 225,761 | 1,276 | ||||
Stockland | 493,408 | 1,271 | ||||
GPT Group | 387,646 | 1,224 | ||||
* | Pilbara Minerals Ltd. | 438,876 | 1,223 |
Shares | Market Value• ($000) | |||||
Mirvac Group | 788,356 | 1,200 | ||||
BlueScope Steel Ltd. | 93,197 | 1,192 | ||||
Atlas Arteria Ltd. | 247,384 | 1,137 | ||||
Medibank Pvt Ltd. | 505,360 | 1,133 | ||||
SEEK Ltd. | 68,501 | 1,110 | ||||
* | Xero Ltd. | 21,211 | 1,105 | |||
WiseTech Global Ltd. | 26,072 | 1,102 | ||||
OZ Minerals Ltd. | 57,443 | 1,080 | ||||
Vicinity Ltd. | 742,302 | 1,016 | ||||
IGO Ltd. | 114,201 | 1,004 | ||||
Orica Ltd. | 87,778 | 954 | ||||
* | Lynas Rare Earths Ltd. | 165,611 | 910 | |||
carsales.com Ltd. | 57,181 | 870 | ||||
Incitec Pivot Ltd. | 377,128 | 868 | ||||
Steadfast Group Ltd. | 214,871 | 841 | ||||
Charter Hall Group | 91,377 | 814 | ||||
Bendigo & Adelaide Bank Ltd. | 118,033 | 775 | ||||
Lendlease Corp. Ltd. | 140,308 | 718 | ||||
JB Hi-Fi Ltd. | 25,368 | 712 | ||||
IDP Education Ltd. | 36,544 | 703 | ||||
Bank of Queensland Ltd. | 142,268 | 674 | ||||
* | NEXTDC Ltd. | 97,675 | 672 | |||
REA Group Ltd. | 7,998 | 659 | ||||
Aurizon Holdings Ltd. | 263,545 | 586 | ||||
Challenger Ltd. | 104,825 | 526 | ||||
Evolution Mining Ltd. | 286,158 | 524 | ||||
Orora Ltd. | 218,968 | 518 | ||||
Iluka Resources Ltd. | 73,785 | 514 | ||||
Alumina Ltd. | 484,636 | 489 | ||||
* | Qantas Airways Ltd. | 104,431 | 449 | |||
Cleanaway Waste Management Ltd. | 245,873 | 438 | ||||
Altium Ltd. | 16,553 | 434 | ||||
Qube Holdings Ltd. | 200,860 | 434 | ||||
nib holdings Ltd. | 80,923 | 413 | ||||
Super Retail Group Ltd. | 45,863 | 399 | ||||
Domino's Pizza Enterprises Ltd. | 10,312 | 345 | ||||
Technology One Ltd. | 34,158 | 341 | ||||
* | AMP Ltd. | 486,748 | 338 |
Shares | Market Value• ($000) | |||||
Perpetual Ltd. | 20,323 | 332 | ||||
Breville Group Ltd. | 23,294 | 330 | ||||
Nine Entertainment Co. Holdings Ltd. | 250,746 | 326 | ||||
Reece Ltd. | 29,269 | 324 | ||||
InvoCare Ltd. | 50,620 | 322 | ||||
* | Webjet Ltd. | 66,807 | 308 | |||
Champion Iron Ltd. | 62,029 | 305 | ||||
National Storage REIT | 180,107 | 304 | ||||
Ansell Ltd. | 16,478 | 300 | ||||
Downer EDI Ltd. | 139,875 | 296 | ||||
Eagers Automotive Ltd. | 30,261 | 278 | ||||
* | Liontown Resources Ltd. | 273,099 | 248 | |||
Perseus Mining Ltd. | 185,095 | 245 | ||||
Sandfire Resources Ltd. | 61,920 | 244 | ||||
Reliance Worldwide Corp. Ltd. | 99,550 | 240 | ||||
Pro Medicus Ltd. | 5,705 | 233 | ||||
Data#3 Ltd. | 46,746 | 233 | ||||
Sims Ltd. | 21,298 | 227 | ||||
Credit Corp. Group Ltd. | 15,994 | 218 | ||||
ARB Corp. Ltd. | 10,182 | 218 | ||||
* | Chalice Mining Ltd. | 46,962 | 200 | |||
IRESS Ltd. | 31,279 | 195 | ||||
* | Flight Centre Travel Group Ltd. | 15,412 | 194 | |||
GDI Property Group Partnership | 366,675 | 192 | ||||
Domain Holdings Australia Ltd. | 90,964 | 189 | ||||
EVT Ltd. | 21,129 | 185 | ||||
Nufarm Ltd. | 46,719 | 182 | ||||
Region RE Ltd. | 103,109 | 176 | ||||
* | Sayona Mining Ltd. | 1,094,334 | 171 | |||
Premier Investments Ltd. | 9,311 | 170 | ||||
* | De Grey Mining Ltd. | 179,720 | 168 | |||
Insignia Financial Ltd. | 74,554 | 164 | ||||
AUB Group Ltd. | 8,826 | 164 | ||||
* | PolyNovo Ltd. | 93,871 | 155 | |||
* | Syrah Resources Ltd. | 122,456 | 154 | |||
Harvey Norman Holdings Ltd. | 59,147 | 153 | ||||
TPG Telecom Ltd. | 44,717 | 152 | ||||
HUB24 Ltd. | 7,789 | 151 | ||||
Brickworks Ltd. | 9,006 | 149 | ||||
Lifestyle Communities Ltd. | 12,338 | 140 | ||||
Corporate Travel Management Ltd. | 11,631 | 139 | ||||
Gold Road Resources Ltd. | 136,566 | 135 | ||||
* | Boral Ltd. | 54,758 | 134 | |||
CSR Ltd. | 38,883 | 133 | ||||
GrainCorp Ltd. Class A | 24,863 | 131 | ||||
Centuria Capital Group | 111,358 | 129 |
Shares | Market Value• ($000) | |||||
* | West African Resources Ltd. | 201,913 | 126 | |||
* | Telix Pharmaceuticals Ltd. | 26,210 | 123 | |||
Regis Resources Ltd. | 101,994 | 119 | ||||
Lovisa Holdings Ltd. | 7,385 | 119 | ||||
IPH Ltd. | 20,867 | 113 | ||||
Nickel Industries Ltd. | 167,803 | 110 | ||||
Elders Ltd. | 17,352 | 109 | ||||
GUD Holdings Ltd. | 15,533 | 107 | ||||
* | Capricorn Metals Ltd. | 41,161 | 105 | |||
Helia Group Ltd. | 44,810 | 104 | ||||
Bapcor Ltd. | 22,696 | 102 | ||||
Link Administration Holdings Ltd. | 65,491 | 101 | ||||
Deterra Royalties Ltd. | 33,642 | 101 | ||||
Healius Ltd. | 54,378 | 100 | ||||
Magellan Financial Group Ltd. | 17,186 | 98 | ||||
Ingenia Communities Group | 36,930 | 98 | ||||
* | Lake Resources NL | 230,973 | 96 | |||
* | Bellevue Gold Ltd. | 123,881 | 89 | |||
* | ioneer Ltd. | 350,440 | 89 | |||
* | SiteMinder Ltd. | 32,433 | 89 | |||
*,1 | Life360 Inc. | 25,790 | 88 | |||
* | PEXA Group Ltd. | 10,938 | 87 | |||
Blackmores Ltd. | 1,556 | 83 | ||||
Clinuvel Pharmaceuticals Ltd. | 6,454 | 83 | ||||
NRW Holdings Ltd. | 48,672 | 83 | ||||
GQG Partners Inc. | 82,172 | 82 | ||||
Newcrest Mining Ltd. (XTSE) | 5,301 | 82 | ||||
* | Megaport Ltd. | 21,216 | 80 | |||
* | Imugene Ltd. | 915,985 | 80 | |||
Johns Lyng Group Ltd. | 18,617 | 78 | ||||
* | Nanosonics Ltd. | 25,467 | 77 | |||
* | Judo Capital Holdings Ltd. | 79,207 | 76 | |||
Costa Group Holdings Ltd. | 42,281 | 74 | ||||
* | Calix Ltd. | 19,160 | 74 | |||
Bega Cheese Ltd. | 31,399 | 73 | ||||
Kelsian Group Ltd. | 16,498 | 72 | ||||
Collins Foods Ltd. | 12,729 | 71 | ||||
* | Silver Lake Resources Ltd. | 104,630 | 71 | |||
APM Human Services International Ltd. | 45,498 | 71 | ||||
Hotel Property Investments Ltd. | 28,618 | 70 | ||||
* | Vulcan Energy Resources Ltd. | 16,396 | 70 | |||
Ramelius Resources Ltd. | 109,506 | 66 |
Shares | Market Value• ($000) | |||||
Monadelphous Group Ltd. | 8,117 | 65 | ||||
Inghams Group Ltd. | 29,955 | 65 | ||||
Myer Holdings Ltd. | 102,436 | 64 | ||||
Waypoint REIT Ltd. | 34,919 | 64 | ||||
Pinnacle Investment Management Group Ltd. | 10,358 | 64 | ||||
* | Mincor Resources NL | 73,765 | 62 | |||
* | Mesoblast Ltd. | 92,240 | 61 | |||
* | Macquarie Telecom Group Ltd. | 1,451 | 58 | |||
Netwealth Group Ltd. | 6,176 | 56 | ||||
* | Tyro Payments Ltd. | 50,654 | 56 | |||
* | Omni Bridgeway Ltd. | 25,860 | 53 | |||
Hansen Technologies Ltd. | 16,814 | 53 | ||||
Adbri Ltd. | 45,521 | 52 | ||||
Imdex Ltd. | 32,604 | 51 | ||||
* | Leo Lithium Ltd. | 145,596 | 51 | |||
Infomedia Ltd. | 52,246 | 49 | ||||
HMC Capital Ltd. | 16,860 | 49 | ||||
Arena REIT | 18,438 | 48 | ||||
* | Resolute Mining Ltd. | 283,516 | 47 | |||
Nick Scali Ltd. | 7,198 | 47 | ||||
*,2 | AVZ Minerals Ltd. | 358,175 | 47 | |||
* | BrainChip Holdings Ltd. | 130,435 | 47 | |||
* | Perenti Ltd. | 64,587 | 46 | |||
* | Nuix Ltd. | 51,812 | 46 | |||
* | Eclipx Group Ltd. | 30,424 | 45 | |||
* | Neometals Ltd. | 75,493 | 45 | |||
McMillan Shakespeare Ltd. | 4,540 | 44 | ||||
* | OFX Group Ltd. | 33,880 | 44 | |||
* | Audinate Group Ltd. | 7,468 | 42 | |||
Accent Group Ltd. | 27,592 | 41 | ||||
* | Temple & Webster Group Ltd. | 17,109 | 40 | |||
29Metals Ltd. | 37,737 | 40 | ||||
Select Harvests Ltd. | 13,463 | 38 | ||||
G8 Education Ltd. | 46,012 | 38 | ||||
* | Novonix Ltd. | 36,080 | 38 | |||
Solvar Ltd. | 28,545 | 38 | ||||
MyState Ltd. | 13,978 | 37 | ||||
oOh!media Ltd. | 34,176 | 36 | ||||
* | Paradigm Biopharmaceuticals Ltd. | 39,491 | 36 | |||
* | Jervois Global Ltd. | 293,185 | 35 | |||
* | St. Barbara Ltd. | 93,071 | 34 | |||
* | Mount Gibson Iron Ltd. | 86,412 | 33 | |||
Mayne Pharma Group Ltd. | 14,939 | 33 | ||||
SmartGroup Corp. Ltd. | 7,607 | 33 | ||||
Platinum Asset Management Ltd. | 25,787 | 32 | ||||
* | Aussie Broadband Ltd. | 15,404 | 32 |
Shares | Market Value• ($000) | |||||
Ardent Leisure Group Ltd. | 67,417 | 31 | ||||
* | Westgold Resources Ltd. | 47,965 | 31 | |||
* | Australian Agricultural Co. Ltd. | 26,373 | 30 | |||
Abacus Property Group | 15,527 | 30 | ||||
Sigma Healthcare Ltd. | 65,743 | 30 | ||||
Praemium Ltd. | 55,192 | 30 | ||||
Cromwell Property Group | 61,810 | 28 | ||||
Cedar Woods Properties Ltd. | 8,900 | 26 | ||||
Australian Ethical Investment Ltd. | 10,797 | 25 | ||||
Australian Clinical Labs Ltd. | 10,261 | 25 | ||||
Oceania Healthcare Ltd. | 49,307 | 24 | ||||
Regis Healthcare Ltd. | 20,849 | 22 | ||||
* | Opthea Ltd. | 38,906 | 22 | |||
Appen Ltd. | 13,536 | 21 | ||||
* | Alkane Resources Ltd. | 46,844 | 21 | |||
Service Stream Ltd. | 42,534 | 20 | ||||
Bravura Solutions Ltd. | 34,936 | 20 | ||||
* | Incannex Healthcare Ltd. | 207,332 | 20 | |||
*,3 | Zip Co. Ltd. | 60,325 | 20 | |||
* | Seven West Media Ltd. | 69,834 | 19 | |||
* | Aurelia Metals Ltd. | 214,644 | 16 | |||
Emeco Holdings Ltd. | 28,238 | 14 | ||||
Australian Finance Group Ltd. | 13,403 | 14 | ||||
* | Redbubble Ltd. | 46,071 | 14 | |||
* | Bubs Australia Ltd. | 75,873 | 13 | |||
Jupiter Mines Ltd. | 74,019 | 12 | ||||
Estia Health Ltd. | 7,959 | 11 | ||||
* | Australian Strategic Materials Ltd. | 10,534 | 11 | |||
Growthpoint Properties Australia Ltd. | 4,631 | 10 | ||||
Southern Cross Media Group Ltd. | 14,219 | 10 | ||||
Integral Diagnostics Ltd. | 5,401 | 10 | ||||
GWA Group Ltd. | 7,421 | 9 | ||||
SG Fleet Group Ltd. | 6,490 | 9 | ||||
* | Andromeda Metals Ltd. | 324,268 | 9 | |||
* | Fineos Corp. Ltd. | 9,886 | 9 | |||
* | Superloop Ltd. | 18,891 | 8 | |||
* | Starpharma Holdings Ltd. Class A | 19,552 | 7 | |||
Dicker Data Ltd. | 1,282 | 7 | ||||
Navigator Global Investments Ltd. | 7,694 | 6 | ||||
* | AMA Group Ltd. | 35,873 | 6 | |||
Humm Group Ltd. | 18,121 | 6 | ||||
Baby Bunting Group Ltd. | 4,663 | 6 |
Shares | Market Value• ($000) | |||||
* | Dubber Corp. Ltd. | 28,503 | 6 | |||
* | EML Payments Ltd. | 16,303 | 5 | |||
* | Kogan.com Ltd. | 1,985 | 5 | |||
Pact Group Holdings Ltd. | 2,475 | 2 | ||||
* | City Chic Collective Ltd. | �� 7,253 | 2 | |||
167,890 | ||||||
Austria (0.2%) | ||||||
Erste Group Bank AG | 57,892 | 2,272 | ||||
*,1 | BAWAG Group AG | 18,272 | 1,137 | |||
Wienerberger AG | 20,043 | 623 | ||||
ANDRITZ AG | 9,721 | 600 | ||||
* | Raiffeisen Bank International AG | 23,677 | 395 | |||
Oesterreichische Post AG | 5,524 | 195 | ||||
Lenzing AG | 1,818 | 138 | ||||
AT&S Austria Technologie & Systemtechnik AG | 4,104 | 135 | ||||
CA Immobilien Anlagen AG | 4,074 | 116 | ||||
Vienna Insurance Group AG Wiener Versicherung Gruppe | 3,955 | 111 | ||||
* | Telekom Austria AG Class A | 12,522 | 94 | |||
UNIQA Insurance Group AG | 10,364 | 88 | ||||
* | DO & CO AG | 675 | 77 | |||
* | IMMOFINANZ AG | 4,805 | 63 | |||
Palfinger AG | 963 | 32 | ||||
Strabag SE | 534 | 21 | ||||
Porr AG | 657 | 10 | ||||
Agrana Beteiligungs AG | 168 | 3 | ||||
*,2 | S IMMO AG Rights | 5,093 | — | |||
6,110 | ||||||
Belgium (0.7%) | ||||||
KBC Group NV | 47,392 | 3,539 | ||||
* | Argenx SE | 9,220 | 3,356 | |||
UCB SA | 21,223 | 1,824 | ||||
Solvay SA | 14,584 | 1,666 | ||||
Ageas SA/NV | 34,526 | 1,558 | ||||
Groupe Bruxelles Lambert NV | 12,557 | 1,054 | ||||
Elia Group SA/NV | 7,350 | 968 | ||||
Warehouses De Pauw CVA | 27,006 | 824 | ||||
Ackermans & van Haaren NV | 4,798 | 812 | ||||
Aedifica SA | 8,575 | 725 | ||||
D'ieteren Group | 3,291 | 638 | ||||
KBC Ancora | 10,933 | 566 | ||||
Cofinimmo SA | 6,006 | 553 | ||||
Sofina SA | 2,157 | 537 | ||||
Euronav NV | 22,638 | 415 |
Shares | Market Value• ($000) | |||||
Lotus Bakeries NV | 62 | 403 | ||||
Melexis NV | 2,735 | 296 | ||||
Proximus SADP | 25,171 | 232 | ||||
Xior Student Housing NV | 6,903 | 231 | ||||
Barco NV | 8,094 | 230 | ||||
Bekaert SA | 4,289 | 189 | ||||
Montea NV | 1,552 | 128 | ||||
Shurgard Self Storage Ltd. | 2,584 | 126 | ||||
VGP NV | 1,391 | 125 | ||||
Telenet Group Holding NV | 5,684 | 88 | ||||
Fagron | 5,238 | 85 | ||||
* | Deme Group NV | 677 | 85 | |||
* | AGFA-Gevaert NV | 25,005 | 74 | |||
* | Ontex Group NV | 8,272 | 65 | |||
* | Kinepolis Group NV | 1,404 | 62 | |||
Retail Estates NV | 838 | 61 | ||||
Wereldhave Belgium Comm VA | 768 | 46 | ||||
Gimv NV | 870 | 40 | ||||
Econocom Group SA/NV | 12,005 | 39 | ||||
bpost SA | 5,723 | 31 | ||||
* | Orange Belgium SA | 1,695 | 29 | |||
Van de Velde NV | 515 | 17 | ||||
*,3 | Mithra Pharmaceuticals SA | 4,981 | 13 | |||
21,730 | ||||||
Brazil (1.4%) | ||||||
UBS Group AG (Registered) | 500,574 | 10,880 | ||||
Itau Unibanco Holding SA Preference Shares | 719,478 | 3,495 | ||||
B3 SA - Brasil Bolsa Balcao | 999,030 | 2,013 | ||||
Banco Bradesco SA Preference Shares | 802,106 | 2,004 | ||||
WEG SA | 239,562 | 1,792 | ||||
Localiza Rent a Car SA | 124,297 | 1,317 | ||||
Itausa SA Preference Shares | 819,211 | 1,288 | ||||
Suzano SA | 117,825 | 1,074 | ||||
Banco do Brasil SA | 136,304 | 1,049 | ||||
Gerdau SA Preference Shares | 163,000 | 891 | ||||
Raia Drogasil SA | 171,020 | 741 | ||||
BB Seguridade Participacoes SA | 111,200 | 727 | ||||
Equatorial Energia SA | 148,776 | 723 | ||||
Banco BTG Pactual SA | 184,700 | 713 | ||||
Rumo SA | 196,579 | 674 | ||||
Itau Unibanco Holding SA | 161,000 | 668 | ||||
Banco Bradesco SA | 298,735 | 664 | ||||
1 | Rede D'Or Sao Luiz SA | 127,830 | 624 |
Shares | Market Value• ($000) | |||||
*,1 | Hapvida Participacoes e Investimentos SA | 652,474 | 560 | |||
Lojas Renner SA | 152,542 | 543 | ||||
Cia de Saneamento Basico do Estado de Sao Paulo | 52,630 | 520 | ||||
Sendas Distribuidora SA | 148,600 | 515 | ||||
Telefonica Brasil SA | 69,000 | 513 | ||||
Hypera SA | 59,700 | 475 | ||||
Klabin SA | 125,900 | 468 | ||||
Natura & Co. Holding SA | 156,287 | 457 | ||||
CCR SA | 192,758 | 405 | ||||
TOTVS SA | 69,988 | 365 | ||||
Alupar Investimento SA | 70,300 | 365 | ||||
* | Magazine Luiza SA | 496,916 | 341 | |||
Transmissora Alianca de Energia Eletrica SA | 48,000 | 325 | ||||
Cia Siderurgica Nacional SA | 96,334 | 307 | ||||
Banco Santander Brasil SA | 56,032 | 303 | ||||
Energisa SA | 40,300 | 298 | ||||
Cia Energetica de Minas Gerais | 97,563 | 289 | ||||
TIM SA | 115,300 | 270 | ||||
Aliansce Sonae Shopping Centers SA | 72,180 | 235 | ||||
Cia Energetica de Minas Gerais Preference Shares | 109,886 | 220 | ||||
Metalurgica Gerdau SA Preference Shares | 91,100 | 219 | ||||
Atacadao SA | 84,300 | 217 | ||||
Tres Tentos Agroindustrial SA | 83,800 | 204 | ||||
Santos Brasil Participacoes SA | 123,581 | 189 | ||||
Bradespar SA Preference Shares | 35,309 | 187 | ||||
* | Marcopolo SA Preference Shares | 296,900 | 179 | |||
*,1 | GPS Participacoes e Empreendimentos SA | 77,500 | 175 | |||
* | Multiplan Empreendimentos Imobiliarios SA | 34,700 | 167 | |||
Mahle-Metal Leve SA | 26,600 | 164 | ||||
Sao Martinho SA | 31,500 | 164 | ||||
Auren Energia SA | 58,032 | 164 | ||||
Porto Seguro SA | 32,200 | 163 | ||||
* | BRF SA | 136,780 | 161 | |||
M Dias Branco SA | 25,000 | 160 | ||||
Cielo SA | 158,700 | 146 | ||||
SLC Agricola SA | 15,100 | 142 | ||||
Unipar Carbocloro SA Preference Shares Class B | 8,521 | 129 |
Shares | Market Value• ($000) | |||||
Iguatemi SA | 34,812 | 129 | ||||
* | Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 50,200 | 127 | |||
Arezzo Industria e Comercio SA | 8,000 | 114 | ||||
Grupo De Moda Soma SA | 65,888 | 111 | ||||
Cia Ferro Ligas da Bahia - FERBASA Preference Shares | 10,100 | 111 | ||||
Cia de Saneamento de Minas Gerais-COPASA | 40,200 | 109 | ||||
Fleury SA | 39,604 | 107 | ||||
Raizen SA Preference Shares | 179,700 | ��� 106 | ||||
* | Omega Energia SA | 60,353 | 106 | |||
Cyrela Brazil Realty SA Empreendimentos e Participacoes | 34,200 | 98 | ||||
Odontoprev SA | 44,610 | 98 | ||||
* | Cogna Educacao | 238,500 | 92 | |||
AES Brasil Energia SA | 48,377 | 92 | ||||
* | Grupo Mateus SA | 85,700 | 92 | |||
Fras-Le SA | 44,500 | 91 | ||||
Cia de Saneamento do Parana | 27,700 | 90 | ||||
* | Via SA | 236,200 | 87 | |||
Minerva SA | 39,707 | 86 | ||||
Intelbras SA Industria de Telecomunicacao Eletronica Brasileira | 15,600 | 84 | ||||
Instituto Hermes Pardini SA | 22,300 | 82 | ||||
SIMPAR SA | 58,300 | 80 | ||||
Pet Center Comercio e Participacoes SA | 62,300 | 77 | ||||
CM Hospitalar SA | 23,000 | 77 | ||||
BR Properties SA | 1,637 | 75 | ||||
* | Azul SA Preference Shares | 55,263 | 75 | |||
JHSF Participacoes SA | 92,000 | 74 | ||||
* | Cia de Transmissao de Energia Eletrica Paulista Preference Shares | 17,400 | 72 | |||
Usinas Siderurgicas de Minas Gerais SA Usiminas Preference Shares Class A | 53,400 | 70 | ||||
* | Dexco SA | 55,418 | 69 | |||
Grendene SA | 53,800 | 68 | ||||
Cia Brasileira de Distribuicao | 22,800 | 68 | ||||
Camil Alimentos SA | 43,400 | 67 | ||||
* | Alpargatas SA Preference Shares | 36,500 | 66 |
Shares | Market Value• ($000) | |||||
*,1 | Locaweb Servicos de Internet SA | 69,900 | 65 | |||
LOG Commercial Properties e Participacoes SA | 22,667 | 64 | ||||
Movida Participacoes SA | 48,400 | 61 | ||||
Marfrig Global Foods SA | 48,705 | 59 | ||||
* | Anima Holding SA | 94,213 | 57 | |||
Vivara Participacoes SA | 13,800 | 57 | ||||
Direcional Engenharia SA | 18,900 | 56 | ||||
* | Gol Linhas Aereas Inteligentes SA Preference Shares | 52,479 | 55 | |||
YDUQS Participacoes SA | 40,900 | 55 | ||||
Wilson Sons Holdings Brasil SA | 28,300 | 55 | ||||
BrasilAgro - Co. Brasileira de Propriedades Agricolas | 10,900 | 54 | ||||
Vulcabras Azaleia SA | 24,400 | 54 | ||||
MRV Engenharia e Participacoes SA | 45,800 | 52 | ||||
Banco Pan SA Preference Shares | 53,100 | 52 | ||||
* | Smartfit Escola de Ginastica e Danca SA | 17,300 | 51 | |||
Blau Farmaceutica SA | 9,300 | 51 | ||||
* | IRB Brasil Resseguros SA | 13,936 | 50 | |||
* | Zamp SA | 54,706 | 50 | |||
EcoRodovias Infraestrutura e Logistica SA | 63,100 | 49 | ||||
* | Lojas Quero Quero SA | 64,700 | 49 | |||
Boa Vista Servicos SA | 33,200 | 48 | ||||
Tupy SA | 8,800 | 46 | ||||
Usinas Siderurgicas de Minas Gerais SA Usiminas | 30,700 | 43 | ||||
* | Hidrovias do Brasil SA | 121,500 | 43 | |||
Randon SA Implementos e Participacoes Preference Shares | 27,400 | 42 | ||||
* | Oncoclinicas do Brasil Servicos Medicos SA | 28,700 | 42 | |||
Wiz Co. | 31,400 | 40 | ||||
Light SA | 81,800 | 39 | ||||
Cia Brasileira de Aluminio | 19,100 | 38 | ||||
* | CVC Brasil Operadora e Agencia de Viagens SA | 63,210 | 37 | |||
Iochpe Maxion SA | 16,900 | 36 | ||||
Grupo SBF SA | 22,200 | 35 | ||||
Hospital Mater Dei SA | 21,700 | 35 |
Shares | Market Value• ($000) | |||||
Armac Locacao Logistica E Servicos SA | 12,400 | 32 | ||||
* | Infracommerce CXAAS SA | 80,894 | 31 | |||
Ambipar Participacoes e Empreendimentos SA | 7,800 | 30 | ||||
Bradespar SA | 6,300 | 30 | ||||
Even Construtora e Incorporadora SA | 32,600 | 28 | ||||
* | Empreendimentos Pague Menos SA | 39,300 | 26 | |||
Multilaser Industrial SA | 58,000 | 25 | ||||
Cia de Saneamento do Parana Preference Shares | 37,400 | 24 | ||||
* | Guararapes Confeccoes SA | 26,100 | 22 | |||
Qualicorp Consultoria e Corretora de Seguros SA | 24,900 | 22 | ||||
*,1 | Meliuz SA | 133,005 | 22 | |||
Aeris Industria E Comercio De Equipamentos Para Geracao De Energia SA | 82,700 | 21 | ||||
Ez Tec Empreendimentos e Participacoes SA | 7,700 | 19 | ||||
* | Sequoia Logistica e Transportes SA | 22,000 | 14 | |||
* | Iguatemi SA Preference Shares | 4,931 | 8 | |||
* | Localiza Rent a Car SA | 528 | 5 | |||
46,970 | ||||||
Canada (6.8%) | ||||||
Royal Bank of Canada | 229,863 | 23,338 | ||||
Toronto-Dominion Bank | 297,422 | 19,803 | ||||
Canadian Pacific Railway Ltd. | 151,790 | 11,528 | ||||
Canadian National Railway Co. | 99,492 | 11,332 | ||||
Bank of Montreal | 113,280 | 10,736 | ||||
Bank of Nova Scotia | 195,368 | 9,656 | ||||
* | Shopify Inc. Class A (XNYS) | 180,518 | 7,432 | |||
Nutrien Ltd. | 87,004 | 6,779 | ||||
Canadian Imperial Bank of Commerce | 140,062 | 6,405 | ||||
3 | Manulife Financial Corp. | 303,424 | 6,000 | |||
Waste Connections Inc. | 43,409 | 5,813 | ||||
3 | Sun Life Financial Inc. | 90,671 | 4,382 | |||
Franco-Nevada Corp. | 32,282 | 4,121 | ||||
Intact Financial Corp. | 27,959 | 4,016 | ||||
National Bank of Canada | 52,056 | 3,823 | ||||
Thomson Reuters Corp. | 29,014 | 3,514 | ||||
Agnico Eagle Mines Ltd. | 75,530 | 3,477 |
Shares | Market Value• ($000) | |||||
* | CGI Inc. | 38,078 | 3,414 | |||
Restaurant Brands International Inc. | 51,396 | 3,317 | ||||
Wheaton Precious Metals Corp. | 78,582 | 3,274 | ||||
Dollarama Inc. | 48,626 | 2,809 | ||||
Magna International Inc. | 46,626 | 2,599 | ||||
Fairfax Financial Holdings Ltd. | 3,434 | 2,401 | ||||
Loblaw Cos. Ltd. | 27,096 | 2,316 | ||||
Shaw Communications Inc. Class B | 71,182 | 2,062 | ||||
First Quantum Minerals Ltd. | 93,879 | 2,051 | ||||
BCE Inc. | 42,885 | 1,897 | ||||
Metro Inc. Class A | 34,515 | 1,793 | ||||
Open Text Corp. | 48,676 | 1,676 | ||||
TFI International Inc. | 13,696 | 1,671 | ||||
George Weston Ltd. | 12,591 | 1,577 | ||||
TELUS Corp. | 71,823 | 1,428 | ||||
Canadian Apartment Properties REIT | 37,870 | 1,372 | ||||
Toromont Industries Ltd. | 16,403 | 1,353 | ||||
1 | Hydro One Ltd. | 52,002 | 1,349 | |||
CCL Industries Inc. Class B | 26,997 | 1,298 | ||||
Saputo Inc. | 44,841 | 1,201 | ||||
Ritchie Bros Auctioneers Inc. | 19,092 | 1,168 | ||||
RioCan REIT | 70,562 | 1,117 | ||||
Gildan Activewear Inc. | 34,305 | 1,090 | ||||
Element Fleet Management Corp. | 74,334 | 1,062 | ||||
* | Descartes Systems Group Inc. | 14,372 | 1,060 | |||
West Fraser Timber Co. Ltd. | 13,865 | 1,041 | ||||
iA Financial Corp. Inc. | 14,496 | 973 | ||||
Granite REIT | 15,768 | 951 | ||||
FirstService Corp. | 6,663 | 913 | ||||
Great-West Lifeco Inc. | 33,166 | 905 | ||||
Yamana Gold Inc. | 173,297 | 886 | ||||
Brookfield Infrastructure Corp. Class A | 19,998 | 863 | ||||
Kinross Gold Corp. | 227,989 | 842 | ||||
Choice Properties REIT | 75,015 | 814 | ||||
TMX Group Ltd. | 8,021 | 800 | ||||
* | Ivanhoe Mines Ltd. Class A | 95,270 | 796 | |||
Lundin Mining Corp. | 127,479 | 793 | ||||
Alamos Gold Inc. Class A | 74,892 | 763 | ||||
H&R REIT | 75,050 | 721 | ||||
GFL Environmental Inc. (XTSE) | 23,445 | 713 | ||||
Canadian Utilities Ltd. Class A | 26,760 | 702 |
Shares | Market Value• ($000) | |||||
First Capital REIT | 52,589 | 688 | ||||
* | Kinaxis Inc. | 5,699 | 662 | |||
B2Gold Corp. | 185,335 | 633 | ||||
Finning International Inc. | 24,699 | 626 | ||||
* | Air Canada | 41,310 | 609 | |||
Colliers International Group Inc. | 4,928 | 572 | ||||
Canadian Western Bank | 27,895 | 568 | ||||
SSR Mining Inc. | 41,220 | 564 | ||||
SmartCentres REIT | 26,909 | 546 | ||||
CI Financial Corp. | 48,791 | 535 | ||||
BRP Inc. | 6,138 | 532 | ||||
Boardwalk REIT | 11,581 | 501 | ||||
* | Bausch Health Cos. Inc. | 52,787 | 492 | |||
Onex Corp. | 9,137 | 489 | ||||
Boyd Group Services Inc. | 3,089 | 489 | ||||
* | BlackBerry Ltd. | 108,579 | 422 | |||
Quebecor Inc. Class B | 17,577 | 416 | ||||
Chartwell Retirement Residences | 60,881 | 411 | ||||
Primo Water Corp. | 25,477 | 395 | ||||
* | Aritzia Inc. | 12,778 | 389 | |||
Dream Industrial REIT | 33,099 | 358 | ||||
Methanex Corp. | 6,951 | 351 | ||||
Linamar Corp. | 6,420 | 349 | ||||
* | Shopify Inc. Class A (XTSE) | 8,338 | 343 | |||
* | Lithium Americas Corp. | 14,225 | 336 | |||
Osisko Gold Royalties Ltd. (XTSE) | 25,466 | 334 | ||||
* | Lightspeed Commerce Inc. | 21,578 | 330 | |||
Innergex Renewable Energy Inc. | 29,217 | 311 | ||||
Artis REIT | 45,861 | 305 | ||||
Tricon Residential Inc. | 37,718 | 305 | ||||
Premium Brands Holdings Corp. Class A | 4,067 | 299 | ||||
Definity Financial Corp. | 11,350 | 299 | ||||
*,1 | Nuvei Corp. | 9,586 | 293 | |||
Laurentian Bank of Canada | 11,111 | 281 | ||||
* | Eldorado Gold Corp. | 28,302 | 264 | |||
Primaris REIT | 20,999 | 235 | ||||
* | Novagold Resources Inc. | 41,492 | 234 | |||
First Majestic Silver Corp. | 38,165 | 233 | ||||
NorthWest Healthcare Properties REIT | 33,092 | 231 | ||||
Home Capital Group Inc. Class B | 7,115 | 219 | ||||
Cargojet Inc. | 2,435 | 216 | ||||
* | Ballard Power Systems Inc. | 36,402 | 208 | |||
* | OceanaGold Corp. | 99,787 | 203 |
Shares | Market Value• ($000) | |||||
Stella-Jones Inc. | 5,508 | 199 | ||||
Enghouse Systems Ltd. | 6,219 | 196 | ||||
* | IAMGOLD Corp. | 85,888 | 194 | |||
North West Co. Inc. | 7,280 | 189 | ||||
Maple Leaf Foods Inc. | 8,869 | 180 | ||||
Cascades Inc. | 22,753 | 179 | ||||
Dream Office REIT | 14,680 | 175 | ||||
Centerra Gold Inc. | 24,651 | 156 | ||||
* | Canada Goose Holdings Inc. | 7,896 | 148 | |||
IGM Financial Inc. | 4,785 | 146 | ||||
Hudbay Minerals Inc. | 29,326 | 145 | ||||
* | Equinox Gold Corp. | 35,947 | 130 | |||
* | Torex Gold Resources Inc. | 10,143 | 125 | |||
* | Canfor Corp. | 7,130 | 122 | |||
ECN Capital Corp. | 52,397 | 112 | ||||
* | Celestica Inc. | 8,537 | 110 | |||
Westshore Terminals Investment Corp. | 5,700 | 105 | ||||
Mullen Group Ltd. | 9,776 | 102 | ||||
Russel Metals Inc. | 3,477 | 91 | ||||
Superior Plus Corp. | 10,632 | 87 | ||||
NFI Group Inc. | 11,061 | 74 | ||||
Winpak Ltd. | 2,273 | 68 | ||||
GFL Environmental Inc. | 1,931 | 59 | ||||
Osisko Gold Royalties Ltd. | 2,950 | 39 | ||||
Transcontinental Inc. Class A | 2,624 | 30 | ||||
Cogeco Communications Inc. | 300 | 15 | ||||
First National Financial Corp. | 384 | 11 | ||||
222,249 | ||||||
Chile (0.2%) | ||||||
Sociedad Quimica y Minera de Chile SA Preference Shares Class B | 14,892 | 1,329 | ||||
Banco de Chile | 7,050,726 | 733 | ||||
Sociedad Quimica y Minera de Chile SA ADR | 5,033 | 447 | ||||
Banco Santander Chile | 9,119,203 | 387 | ||||
Sociedad Quimica y Minera de Chile SA Class A | 5,194 | 369 | ||||
Cencosud SA | 180,668 | 341 | ||||
Empresas CMPC SA | 177,691 | 295 | ||||
Cia Sud Americana de Vapores SA | 2,906,540 | 280 | ||||
Falabella SA | 124,894 | 275 | ||||
Banco de Credito e Inversiones SA | 6,091 | 191 | ||||
Parque Arauco SA | 127,417 | 156 | ||||
SONDA SA | 278,933 | 137 |
Shares | Market Value• ($000) | |||||
CAP SA | 15,639 | 130 | ||||
SMU SA | 775,148 | 127 | ||||
Inversiones Aguas Metropolitanas SA | 180,884 | 103 | ||||
Empresa Nacional de Telecomunicaciones SA | 25,073 | 99 | ||||
Cencosud Shopping SA | 66,503 | 95 | ||||
Aguas Andinas SA Class A | 389,042 | 93 | ||||
Itau CorpBanca Chile SA | 38,914,730 | 84 | ||||
Inversiones La Construccion SA | 13,884 | 60 | ||||
Ripley Corp. SA | 158,688 | 32 | ||||
Plaza SA | 20,224 | 25 | ||||
5,788 | ||||||
China (7.2%) | ||||||
*,1 | Meituan Class B | 684,755 | 11,884 | |||
China Construction Bank Corp. Class H | 15,388,000 | 9,406 | ||||
JD.com Inc. Class A | 395,053 | 8,782 | ||||
Industrial & Commercial Bank of China Ltd. Class H | 13,518,000 | 6,745 | ||||
Ping An Insurance Group Co. of China Ltd. Class H | 965,000 | 6,588 | ||||
* | PDD Holdings Inc. ADR | 61,855 | 5,427 | |||
NetEase Inc. | 306,415 | 4,762 | ||||
*,1 | Wuxi Biologics Cayman Inc. | 597,737 | 4,184 | |||
Yum China Holdings Inc. (XHKG) | 69,450 | 4,086 | ||||
Bank of China Ltd. Class H | 10,858,000 | 3,982 | ||||
China Merchants Bank Co. Ltd. Class H | 719,000 | 3,902 | ||||
*,1 | Xiaomi Corp. Class B | 2,496,200 | 3,782 | |||
* | Trip.com Group Ltd. ADR | 89,948 | 3,198 | |||
Li Ning Co. Ltd. | 374,178 | 3,193 | ||||
ANTA Sports Products Ltd. | �� 193,000 | 2,549 | ||||
* | China Mengniu Dairy Co. Ltd. | 547,120 | 2,408 | |||
BYD Co. Ltd. Class H | 89,000 | 2,393 | ||||
China Life Insurance Co. Ltd. Class H | 1,320,000 | 2,239 | ||||
*,1 | Kuaishou Technology | 326,000 | 2,185 | |||
* | Li Auto Inc. ADR | 86,765 | 2,049 | |||
China Resources Land Ltd. | 456,000 | 2,026 | ||||
* | KE Holdings Inc. ADR | 107,276 | 1,958 | |||
BYD Co. Ltd. Class A | 51,950 | 1,947 | ||||
ENN Energy Holdings Ltd. | 135,000 | 1,922 | ||||
* | NIO Inc. ADR | 203,288 | 1,909 |
Shares | Market Value• ($000) | |||||
* | BeiGene Ltd. | 106,100 | 1,839 | |||
ZTO Express Cayman Inc. | 76,243 | 1,829 | ||||
H World Group Ltd. ADR | 36,377 | 1,723 | ||||
China Overseas Land & Investment Ltd. | 682,500 | 1,694 | ||||
1 | Nongfu Spring Co. Ltd. Class H | 293,200 | 1,646 | |||
Contemporary Amperex Technology Co. Ltd. Class A | 27,924 | 1,620 | ||||
CSPC Pharmaceutical Group Ltd. | 1,471,280 | 1,581 | ||||
Shenzhou International Group Holdings Ltd. | 137,484 | 1,504 | ||||
Sunny Optical Technology Group Co. Ltd. | 113,500 | 1,291 | ||||
Geely Automobile Holdings Ltd. | 951,900 | 1,237 | ||||
Agricultural Bank of China Ltd. Class A | 2,806,600 | 1,185 | ||||
Haier Smart Home Co. Ltd. Class A | 312,100 | 1,184 | ||||
*,1 | Innovent Biologics Inc. | 239,500 | 1,165 | |||
1 | Postal Savings Bank of China Co. Ltd. Class H | 1,848,000 | 1,110 | |||
PICC Property & Casualty Co. Ltd. Class H | 1,240,000 | 1,089 | ||||
Ping An Insurance Group Co. of China Ltd. Class A | 156,500 | 1,088 | ||||
* | Vipshop Holdings Ltd. ADR | 70,636 | 1,052 | |||
1 | China Tower Corp. Ltd. Class H | 9,434,000 | 1,022 | |||
Sino Biopharmaceutical Ltd. | 1,978,000 | 1,021 | ||||
Agricultural Bank of China Ltd. Class H | 2,698,000 | 935 | ||||
1 | Longfor Group Holdings Ltd. | 320,300 | 917 | |||
*,1 | JD Health International Inc. | 128,150 | 897 | |||
China Merchants Bank Co. Ltd. Class A | 163,000 | 877 | ||||
* | New Oriental Education & Technology Group Inc. | 227,390 | 877 | |||
* | Kingdee International Software Group Co. Ltd. | 464,000 | 867 | |||
Xinyi Solar Holdings Ltd. | 798,000 | 853 | ||||
China Pacific Insurance Group Co. Ltd. Class H | 314,800 | 835 | ||||
Bank of China Ltd. Class A | 1,763,100 | 821 |
Shares | Market Value• ($000) | |||||
China National Building Material Co. Ltd. Class H | 920,000 | 816 | ||||
CITIC Securities Co. Ltd. Class H | 384,537 | 815 | ||||
* | XPeng Inc. Class A | 174,300 | 775 | |||
China Gas Holdings Ltd. | 551,633 | 771 | ||||
Sinopharm Group Co. Ltd. Class H | 281,300 | 753 | ||||
* | Full Truck Alliance Co. Ltd. ADR | 107,181 | 750 | |||
China Yangtze Power Co. Ltd. Class A | 243,800 | 744 | ||||
Hengan International Group Co. Ltd. | 160,500 | 738 | ||||
* | Bilibili Inc. | 38,023 | 736 | |||
Country Garden Services Holdings Co. Ltd. | 353,646 | 658 | ||||
China Resources Gas Group Ltd. | 151,600 | 640 | ||||
Shandong Weigao Group Medical Polymer Co. Ltd. Class H | 389,200 | 628 | ||||
China Tourism Group Duty Free Corp. Ltd. Class A | 21,120 | 602 | ||||
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. Class A | 13,182 | 596 | ||||
* | Alibaba Health Information Technology Ltd. | 830,000 | 594 | |||
1 | China International Capital Corp. Ltd. Class H | 270,800 | 583 | |||
COSCO SHIPPING Holdings Co. Ltd. Class H | 562,400 | 583 | ||||
ZTE Corp. Class H | 195,400 | 581 | ||||
* | Zai Lab Ltd. ADR | 15,357 | 571 | |||
China Pacific Insurance Group Co. Ltd. Class A | ��141,800 | 565 | ||||
China Hongqiao Group Ltd. | 506,500 | 542 | ||||
Tingyi Cayman Islands Holding Corp. | 334,000 | 540 | ||||
Kingsoft Corp. Ltd. | 162,200 | 536 | ||||
LONGi Green Energy Technology Co. Ltd. Class A | 83,932 | 535 | ||||
China Conch Venture Holdings Ltd. | 264,500 | 532 | ||||
Foshan Haitian Flavouring & Food Co. Ltd. Class A | 44,800 | 531 |
Shares | Market Value• ($000) | |||||
* | TAL Education Group ADR | 75,234 | 529 | |||
Industrial Bank Co. Ltd. Class A | 216,800 | 528 | ||||
Bank of Communications Co. Ltd. Class H | 880,000 | 520 | ||||
China CITIC Bank Corp. Ltd. Class H | 1,123,000 | 520 | ||||
Kingboard Holdings Ltd. | 145,500 | 519 | ||||
Country Garden Holdings Co. Ltd. | 1,649,000 | 506 | ||||
1 | WuXi AppTec Co. Ltd. Class H | 47,236 | 504 | |||
Wanhua Chemical Group Co. Ltd. Class A | 33,372 | 502 | ||||
China Vanke Co. Ltd. Class H | 284,500 | 497 | ||||
1 | China Resources Mixc Lifestyle Services Ltd. | 89,800 | 493 | |||
*,1 | JD Logistics Inc. | 272,400 | 487 | |||
People's Insurance Co. Group of China Ltd. Class H | 1,534,000 | 485 | ||||
Great Wall Motor Co. Ltd. Class A | 96,000 | 477 | ||||
*,1 | Haidilao International Holding Ltd. | 168,000 | 465 | |||
China Taiping Insurance Holdings Co. Ltd. | 392,200 | 464 | ||||
Weichai Power Co. Ltd. Class H | 301,000 | 447 | ||||
New China Life Insurance Co. Ltd. Class H | 184,000 | 446 | ||||
360 DigiTech Inc. Class A ADR | 21,824 | 444 | ||||
Zhuzhou CRRC Times Electric Co. Ltd. | 96,700 | 441 | ||||
* | Kanzhun Ltd. ADR | 21,700 | 437 | |||
1 | Ganfeng Lithium Group Co. Ltd. Class H | 62,000 | 433 | |||
Yuexiu Property Co. Ltd. | 293,600 | 432 | ||||
*,1 | Hygeia Healthcare Holdings Co. Ltd. | 58,745 | 428 | |||
* | Genscript Biotech Corp. | 154,000 | 422 | |||
WuXi AppTec Co. Ltd. Class A | 35,164 | 419 | ||||
Bank of Communications Co. Ltd. Class A | 583,600 | 412 | ||||
Haitong Securities Co. Ltd. Class H | 637,200 | 410 | ||||
*,1 | Akeso Inc. Class B | 80,000 | 408 | |||
1 | Fuyao Glass Industry Group Co. Ltd. Class H | 90,400 | 405 | |||
* | Tongcheng Travel Holdings Ltd. | 203,200 | 403 |
Shares | Market Value• ($000) | |||||
Muyuan Foods Co. Ltd. Class A | 55,912 | 399 | ||||
SF Holding Co. Ltd. Class A | 51,100 | 396 | ||||
Yangzijiang Shipbuilding Holdings Ltd. | 412,700 | 395 | ||||
China Medical System Holdings Ltd. | 262,000 | 394 | ||||
Ping An Bank Co. Ltd. Class A | 196,800 | 390 | ||||
* | GDS Holdings Ltd. Class A | 153,341 | 371 | |||
Zhejiang Expressway Co. Ltd. Class H | 450,000 | 363 | ||||
BYD Electronic International Co. Ltd. | 124,500 | 363 | ||||
Great Wall Motor Co. Ltd. Class H | 269,500 | 358 | ||||
1 | CSC Financial Co. Ltd. Class H | 362,500 | 356 | |||
*,1 | ZhongAn Online P&C Insurance Co. Ltd. Class H | 122,800 | 354 | |||
Haier Smart Home Co. Ltd. Class H | 99,200 | 351 | ||||
1 | Yadea Group Holdings Ltd. | 162,000 | 348 | |||
Aier Eye Hospital Group Co. Ltd. Class A | 76,496 | 344 | ||||
* | JinkoSolar Holding Co. Ltd. ADR | 6,407 | 340 | |||
China Galaxy Securities Co. Ltd. Class H | 665,000 | 331 | ||||
CMOC Group Ltd. Class A | 385,700 | 328 | ||||
Luxshare Precision Industry Co. Ltd. Class A | 75,899 | 327 | ||||
CRRC Corp. Ltd. Class A | 395,300 | 325 | ||||
1,3 | Pop Mart International Group Ltd. | 116,600 | 325 | |||
Hangzhou Tigermed Consulting Co. Ltd. Class A | 19,400 | 322 | ||||
China Cinda Asset Management Co. Ltd. Class H | 2,436,000 | 317 | ||||
* | Canadian Solar Inc. | 7,890 | 314 | |||
1 | China Resources Pharmaceutical Group Ltd. | 376,500 | 310 | |||
CITIC Securities Co. Ltd. Class A | 103,345 | 307 | ||||
Bosideng International Holdings Ltd. | 544,000 | 302 | ||||
1 | 3SBio Inc. | 302,500 | 300 | |||
TravelSky Technology Ltd. Class H | 151,000 | 298 |
Shares | Market Value• ($000) | |||||
Far East Horizon Ltd. | 336,000 | 297 | ||||
China Minsheng Banking Corp. Ltd. Class H | 825,500 | 285 | ||||
Shenzhen Inovance Technology Co. Ltd. Class A | 27,000 | 285 | ||||
Tongwei Co. Ltd. Class A | 47,208 | 285 | ||||
Minth Group Ltd. | 108,000 | 281 | ||||
Autohome Inc. ADR | 9,228 | 281 | ||||
Sungrow Power Supply Co. Ltd. Class A | 16,218 | 279 | ||||
GF Securities Co. Ltd. Class A | 118,500 | 278 | ||||
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. Class A | 6,200 | 276 | ||||
* | Chindata Group Holdings Ltd. ADR | 40,752 | 276 | |||
China Vanke Co. Ltd. Class A | 110,700 | 273 | ||||
1 | Guotai Junan Securities Co. Ltd. Class H | 228,800 | 271 | |||
Fosun International Ltd. | 329,500 | 270 | ||||
Zoomlion Heavy Industry Science & Technology Co. Ltd. Class H | 463,800 | 268 | ||||
Weichai Power Co. Ltd. Class A | 149,000 | 267 | ||||
Poly Developments & Holdings Group Co. Ltd. Class A | 122,600 | 267 | ||||
Inner Mongolia Yili Industrial Group Co. Ltd. Class A | 60,600 | 266 | ||||
1 | Hansoh Pharmaceutical Group Co. Ltd. | 148,000 | 266 | |||
Jiangxi Copper Co. Ltd. Class H | 168,000 | 265 | ||||
Beijing Enterprises Water Group Ltd. | 1,044,000 | 262 | ||||
Industrial & Commercial Bank of China Ltd. Class A | 416,000 | 258 | ||||
*,1 | Hua Hong Semiconductor Ltd. | 66,757 | 256 | |||
Shanghai Pudong Development Bank Co. Ltd. Class A | 247,700 | 256 | ||||
* | HUTCHMED China Ltd. | 77,500 | 256 | |||
JOYY Inc. ADR | 8,060 | 253 | ||||
Shanghai Fosun Pharmaceutical Group Co. Ltd. Class H | 86,000 | 252 | ||||
1 | Huatai Securities Co. Ltd. Class H | 222,400 | 250 |
Shares | Market Value• ($000) | |||||
Lufax Holding Ltd. ADR | 115,893 | 250 | ||||
*,1 | Koolearn Technology Holding Ltd. | 43,500 | 248 | |||
MINISO Group Holding Ltd. ADR | 13,882 | 248 | ||||
Fuyao Glass Industry Group Co. Ltd. Class A | 46,000 | 246 | ||||
1 | Topsports International Holdings Ltd. | 280,000 | 245 | |||
C&D International Investment Group Ltd. | 76,000 | 245 | ||||
China CITIC Bank Corp. Ltd. Class A | 340,800 | 242 | ||||
Xtep International Holdings Ltd. | 212,000 | 240 | ||||
BOE Technology Group Co. Ltd. Class A | 398,100 | 239 | ||||
China Overseas Property Holdings Ltd. | 205,000 | 239 | ||||
Haitian International Holdings Ltd. | 90,000 | 235 | ||||
China Minsheng Banking Corp. Ltd. Class A | 477,700 | 235 | ||||
1 | Jiumaojiu International Holdings Ltd. | 97,000 | 234 | |||
JA Solar Technology Co. Ltd. Class A | 26,171 | 230 | ||||
Fu Shou Yuan International Group Ltd. | 299,000 | 225 | ||||
* | Yihai International Holding Ltd. | 77,000 | 224 | |||
Shanghai Pharmaceuticals Holding Co. Ltd. Class H | 126,700 | 223 | ||||
Hello Group Inc. ADR | 25,303 | 223 | ||||
China Everbright Environment Group Ltd. | 544,000 | 221 | ||||
TCL Zhonghuan Renewable Energy Technology Co. Ltd. Class A | 35,000 | 220 | ||||
Guangzhou Automobile Group Co. Ltd. Class H | 344,000 | 219 | ||||
* | Microport Scientific Corp. | 76,900 | 218 | |||
*,1 | New Horizon Health Ltd. | 51,500 | 216 | |||
Beijing Kingsoft Office Software Inc. Class A | ��� 5,137 | 215 | ||||
Eve Energy Co. Ltd. Class A | 20,300 | 212 | ||||
SAIC Motor Corp. Ltd. Class A | 97,700 | 212 | ||||
Sany Heavy Industry Co. Ltd. Class A | 78,000 | 211 |
Shares | Market Value• ($000) | |||||
*,1 | Luye Pharma Group Ltd. | 457,000 | 210 | |||
*,1 | Weimob Inc. | 350,000 | 210 | |||
Trina Solar Co. Ltd. Class A | 23,655 | 210 | ||||
Flat Glass Group Co. Ltd. Class A | 42,100 | 209 | ||||
* | Qinghai Salt Lake Industry Co. Ltd. Class A | 57,500 | 205 | |||
* | China Southern Airlines Co. Ltd. Class A | 179,600 | 204 | |||
CRRC Corp. Ltd. Class H | 444,000 | 203 | ||||
Yuexiu REIT | 670,800 | 203 | ||||
China Traditional Chinese Medicine Holdings Co. Ltd. | 390,000 | 202 | ||||
China United Network Communications Ltd. Class A | 265,700 | 202 | ||||
NAURA Technology Group Co. Ltd. Class A | 6,006 | 201 | ||||
Nine Dragons Paper Holdings Ltd. | 245,000 | 200 | ||||
Kingboard Laminates Holdings Ltd. | 160,500 | 200 | ||||
Shenzhen International Holdings Ltd. | 228,500 | 199 | ||||
Hangzhou Steam Turbine Power Group Co. Ltd. Class B | 137,614 | 199 | ||||
China Jinmao Holdings Group Ltd. | 1,010,000 | 196 | ||||
China Everbright Bank Co. Ltd. Class H | 671,000 | 193 | ||||
COSCO SHIPPING Holdings Co. Ltd. Class A | 124,180 | 193 | ||||
*,1 | Keymed Biosciences Inc. | 24,000 | 193 | |||
* | Air China Ltd. Class A | 120,000 | 192 | |||
Shanghai Fosun Pharmaceutical Group Co. Ltd. Class A | 39,300 | 191 | ||||
COSCO SHIPPING Ports Ltd. | 290,000 | 189 | ||||
Haitong Securities Co. Ltd. Class A | 143,700 | 189 | ||||
* | Shanghai International Airport Co. Ltd. Class A | 22,376 | 189 | |||
1 | Jinxin Fertility Group Ltd. | 237,000 | 189 | |||
* | Tianqi Lithium Corp. Class A | 15,916 | 188 | |||
Pharmaron Beijing Co. Ltd. Class A | 21,880 | 188 |
Shares | Market Value• ($000) | |||||
* | Beijing Capital International Airport Co. Ltd. Class H | 256,000 | 187 | |||
Greentown China Holdings Ltd. | 136,500 | 187 | ||||
Dongyue Group Ltd. | 163,000 | 185 | ||||
Grand Pharmaceutical Group Ltd. | 311,500 | 177 | ||||
Chongqing Changan Automobile Co. Ltd. Class A | 89,718 | 173 | ||||
*,1 | Alphamab Oncology | 93,000 | 172 | |||
China Resources Cement Holdings Ltd. | 318,000 | 171 | ||||
Shandong Gold Mining Co. Ltd. Class A | 62,660 | 171 | ||||
FinVolution Group ADR | 33,549 | 170 | ||||
*,1 | Remegen Co. Ltd. Class H | 26,000 | 170 | |||
CMOC Group Ltd. Class H | 294,000 | 166 | ||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Class H | 56,000 | 165 | ||||
* | Lifetech Scientific Corp. | 432,000 | 161 | |||
Imeik Technology Development Co. Ltd. Class A | 1,900 | 161 | ||||
Sinotruk Hong Kong Ltd. | 101,500 | 160 | ||||
* | Zhaojin Mining Industry Co. Ltd. Class H | 152,500 | 160 | |||
Fufeng Group Ltd. | 250,000 | 160 | ||||
Uni-President China Holdings Ltd. | 179,000 | 157 | ||||
Guangzhou Automobile Group Co. Ltd. Class A | 93,700 | 155 | ||||
China Meidong Auto Holdings Ltd. | 72,000 | 155 | ||||
Iflytek Co. Ltd. Class A | 22,200 | 154 | ||||
China Merchants Shekou Industrial Zone Holdings Co. Ltd. Class A | 72,200 | 154 | ||||
* | Tianqi Lithium Corp. Class H | 21,400 | 152 | |||
* | Seazen Group Ltd. | 444,567 | 150 | |||
Ganfeng Lithium Group Co. Ltd. Class A | 14,294 | 149 | ||||
Yum China Holdings Inc. | 2,493 | 146 | ||||
Huangshan Tourism Development Co. Ltd. Class B | 175,760 | 145 | ||||
*,1 | Ping An Healthcare & Technology Co. Ltd. | 63,030 | 144 | |||
Zhejiang Huayou Cobalt Co. Ltd. Class A | 16,900 | 144 | ||||
China Lesso Group Holdings Ltd. | 136,000 | 143 |
Shares | Market Value• ($000) | |||||
Unigroup Guoxin Microelectronics Co. Ltd. Class A | 8,959 | 143 | ||||
Consun Pharmaceutical Group Ltd. | 252,000 | 143 | ||||
Zhejiang Jingsheng Mechanical & Electrical Co. Ltd. Class A | 14,400 | 142 | ||||
Xinte Energy Co. Ltd. Class H | 64,400 | 142 | ||||
Citic Pacific Special Steel Group Co. Ltd. Class A | 48,000 | 141 | ||||
Sany Heavy Equipment International Holdings Co. Ltd. | 140,000 | 140 | ||||
*,1,3 | Haichang Ocean Park Holdings Ltd. | 573,000 | 140 | |||
Tianneng Power International Ltd. | 108,000 | 139 | ||||
Guangdong Haid Group Co. Ltd. Class A | 15,200 | 139 | ||||
Foxconn Industrial Internet Co. Ltd. Class A | 100,400 | 139 | ||||
Shoucheng Holdings Ltd. | 663,600 | 139 | ||||
* | XD Inc. | 43,000 | 139 | |||
China Yongda Automobiles Services Holdings Ltd. | 178,500 | 138 | ||||
Canvest Environmental Protection Group Co. Ltd. | 281,000 | 138 | ||||
Baoshan Iron & Steel Co. Ltd. Class A | 143,900 | 136 | ||||
China Suntien Green Energy Corp. Ltd. Class H | 308,000 | 135 | ||||
Huatai Securities Co. Ltd. Class A | 74,500 | 135 | ||||
China Merchants Securities Co. Ltd. Class A | 66,620 | 134 | ||||
Chongqing Changan Automobile Co. Ltd. Class B | 275,392 | 133 | ||||
Yonyou Network Technology Co. Ltd. Class A | 39,600 | 133 | ||||
China Education Group Holdings Ltd. | 115,000 | 132 | ||||
JCET Group Co. Ltd. Class A | 32,500 | 132 | ||||
* | Golden Solar New Energy Technology Holdings Ltd. | 122,000 | 132 | |||
* | Air China Ltd. Class H | 142,000 | 131 |
Shares | Market Value• ($000) | |||||
China Communications Services Corp. Ltd. Class H | 336,000 | 131 | ||||
BOE Varitronix Ltd. | 59,000 | 131 | ||||
Hopson Development Holdings Ltd. | 127,062 | 130 | ||||
1 | A-Living Smart City Services Co. Ltd. | 125,500 | 129 | |||
Hundsun Technologies Inc. Class A | 20,080 | 129 | ||||
*,1,3 | Shanghai Junshi Biosciences Co. Ltd. Class H | 32,400 | 129 | |||
China Water Affairs Group Ltd. | 144,000 | 128 | ||||
* | Alibaba Pictures Group Ltd. | 2,010,000 | 127 | |||
SSY Group Ltd. | 212,000 | 127 | ||||
1 | Xiabuxiabu Catering Management China Holdings Co. Ltd. | 119,000 | 127 | |||
Suzhou Dongshan Precision Manufacturing Co. Ltd. Class A | 30,200 | 127 | ||||
1 | Orient Securities Co. Ltd. Class H | 227,600 | 126 | |||
*,1 | InnoCare Pharma Ltd. | 115,000 | 126 | |||
* | Noah Holdings Ltd. ADR | 6,639 | 124 | |||
Skyworth Group Ltd. | 225,111 | 123 | ||||
Shanghai Fudan Microelectronics Group Co. Ltd. Class H | 30,000 | 123 | ||||
Guangzhou Tinci Materials Technology Co. Ltd. Class A | 18,600 | 120 | ||||
1 | Dali Foods Group Co. Ltd. | 292,500 | 118 | |||
Chongqing Rural Commercial Bank Co. Ltd. Class H | 343,000 | 118 | ||||
* | Gushengtang Holdings Ltd. | 16,400 | 116 | |||
1 | Shandong Gold Mining Co. Ltd. Class H | 67,100 | 115 | |||
Poly Property Services Co. Ltd. Class H | 19,000 | 115 | ||||
1 | AsiaInfo Technologies Ltd. | 66,000 | 114 | |||
Digital China Holdings Ltd. | 242,000 | 113 | ||||
Focus Media Information Technology Co. Ltd. Class A | 119,800 | 113 | ||||
Shenwan Hongyuan Group Co. Ltd. Class A | 186,400 | 113 | ||||
China Construction Bank Corp. Class A | 139,600 | 113 |
Shares | Market Value• ($000) | |||||
1 | China New Higher Education Group Ltd. | 278,000 | 113 | |||
Will Semiconductor Co. Ltd. Shanghai Class A | 9,045 | 112 | ||||
C&D Property Management Group Co. Ltd. | 172,000 | 112 | ||||
Changchun High & New Technology Industry Group Inc. Class A | 3,900 | 111 | ||||
ZTE Corp. Class A | 23,900 | 111 | ||||
* | Gaotu Techedu Inc. ADR | 33,082 | 111 | |||
GoerTek Inc. Class A | 35,400 | 110 | ||||
Qinhuangdao Port Co. Ltd. Class A | 264,400 | 110 | ||||
Jiangxi Copper Co. Ltd. Class A | 39,000 | 110 | ||||
* | Yeahka Ltd. | 33,200 | 110 | |||
Huadong Medicine Co. Ltd. Class A | 15,700 | 109 | ||||
China Everbright Bank Co. Ltd. Class A | 253,300 | 109 | ||||
*,1,3 | Meitu Inc. | 292,000 | 109 | |||
1 | CanSino Biologics Inc. Class H | 14,400 | 109 | |||
Jiangsu Jiangyin Rural Commercial Bank Co. Ltd. Class A | 175,900 | 108 | ||||
China Resources Medical Holdings Co. Ltd. | 124,500 | 108 | ||||
Shanghai Fudan Microelectronics Group Co. Ltd. Class A | 10,400 | 108 | ||||
Sun Art Retail Group Ltd. | 295,000 | 107 | ||||
Towngas Smart Energy Co. Ltd. | 211,000 | 107 | ||||
Ninestar Corp. Class A | 13,800 | 107 | ||||
1 | Red Star Macalline Group Corp. Ltd. Class H | 234,200 | 107 | |||
*,1 | Yidu Tech Inc. | 97,800 | 107 | |||
China Nonferrous Mining Corp. Ltd. | 213,000 | 107 | ||||
1 | Legend Holdings Corp. Class H | 95,500 | 106 | |||
* | Advanced Micro-Fabrication Equipment Inc. China Class A | 6,958 | 106 | |||
Vinda International Holdings Ltd. | 38,000 | 105 | ||||
Everbright Securities Co. Ltd. Class A | 46,500 | 105 | ||||
Sinopec Engineering Group Co. Ltd. Class H | 208,500 | 104 | ||||
Montage Technology Co. Ltd. Class A | 12,362 | 103 |
Shares | Market Value• ($000) | |||||
* | China Eastern Airlines Corp. Ltd. Class H | 252,000 | 102 | |||
Yihai Kerry Arawana Holdings Co. Ltd. Class A | 15,200 | 101 | ||||
* | Yangzijiang Financial Holding Ltd. | 389,200 | 101 | |||
Inspur Electronic Information Industry Co. Ltd. Class A | 17,800 | 100 | ||||
* | COFCO Joycome Foods Ltd. | 344,000 | 100 | |||
* | Dada Nexus Ltd. ADR | 11,215 | 100 | |||
Shenzhen Transsion Holdings Co. Ltd. Class A | 8,643 | 100 | ||||
Shanghai Zhenhua Heavy Industries Co. Ltd. Class B | 373,500 | 99 | ||||
1 | Angelalign Technology Inc. | 7,200 | 99 | |||
* | China Southern Airlines Co. Ltd. Class H | 134,000 | 98 | |||
Shanghai Pharmaceuticals Holding Co. Ltd. Class A | 34,600 | 98 | ||||
Wingtech Technology Co. Ltd. Class A | 12,600 | 98 | ||||
Xinjiang Goldwind Science & Technology Co. Ltd. Class A | 59,100 | 97 | ||||
* | China Conch Environment Protection Holdings Ltd. | 262,500 | 97 | |||
Zoomlion Heavy Industry Science & Technology Co. Ltd. Class A | 99,500 | 96 | ||||
* | Ginlong Technologies Co. Ltd. Class A | 4,200 | 96 | |||
1 | BAIC Motor Corp. Ltd. Class H | 351,000 | 95 | |||
PAX Global Technology Ltd. | 107,000 | 94 | ||||
Walvax Biotechnology Co. Ltd. Class A | 17,000 | 94 | ||||
* | China Ruyi Holdings Ltd. | 380,000 | 94 | |||
*,1 | Peijia Medical Ltd. | 65,000 | 94 | |||
Hisense Home Appliances Group Co. Ltd. | 62,000 | 93 | ||||
Xinyi Energy Holdings Ltd. | 288,000 | 93 | ||||
Shengyi Technology Co. Ltd. Class A | 34,700 | 91 | ||||
B-Soft Co. Ltd. Class A | 68,560 | 91 | ||||
China Risun Group Ltd. | 189,000 | 90 |
Shares | Market Value• ($000) | |||||
1 | Simcere Pharmaceutical Group Ltd. | 69,000 | 90 | |||
China Everbright Ltd. | 124,000 | 89 | ||||
Guangzhou Restaurant Group Co. Ltd. Class A | 22,000 | 89 | ||||
*,1 | Venus MedTech Hangzhou Inc. Class H | 51,000 | 89 | |||
* | Tongdao Liepin Group | 53,600 | 89 | |||
NetDragon Websoft Holdings Ltd. | 38,500 | 88 | ||||
* | Guangshen Railway Co. Ltd. Class H | 506,000 | 87 | |||
Bank of Shanghai Co. Ltd. Class A | 100,900 | 87 | ||||
Lens Technology Co. Ltd. Class A | 47,600 | 87 | ||||
Ming Yang Smart Energy Group Ltd. Class A | 23,800 | 87 | ||||
Jiangsu Zhongtian Technology Co. Ltd. Class A | 37,400 | 87 | ||||
*,1 | Zhou Hei Ya International Holdings Co. Ltd. | 171,000 | 86 | |||
* | Hainan Meilan International Airport Co. Ltd. | 35,000 | 86 | |||
Central China Securities Co. Ltd. Class H | 568,000 | 85 | ||||
* | LexinFintech Holdings Ltd. ADR | 30,649 | 85 | |||
Maxscend Microelectronics Co. Ltd. Class A | 5,040 | 85 | ||||
GF Securities Co. Ltd. Class H | 59,400 | 84 | ||||
* | Pangang Group Vanadium Titanium & Resources Co. Ltd. Class A | 103,900 | 84 | |||
* | Tuya Inc. ADR | 40,534 | 84 | |||
Lee & Man Paper Manufacturing Ltd. | 192,000 | 83 | ||||
Yunnan Baiyao Group Co. Ltd. Class A | 10,100 | 83 | ||||
*,1 | Linklogis Inc. Class B | 176,500 | 83 | |||
1 | Blue Moon Group Holdings Ltd. | 137,500 | 83 | |||
* | EHang Holdings Ltd. ADR | 7,225 | 83 | |||
Jiangsu Expressway Co. Ltd. Class A | 68,400 | 82 | ||||
Shanghai Jinjiang International Hotels Co. Ltd. Class A | 9,200 | 82 | ||||
*,1 | Ocumension Therapeutics | 63,500 | 81 |
Shares | Market Value• ($000) | |||||
China Resources Microelectronics Ltd. Class A | 10,366 | 81 | ||||
Greentown Service Group Co. Ltd. | 120,000 | 80 | ||||
Beijing Tongrentang Co. Ltd. Class A | 11,300 | 80 | ||||
*,1 | Ascentage Pharma Group International | 25,200 | 80 | |||
*,1 | Microport Cardioflow Medtech Corp. | 211,000 | 80 | |||
China Oriental Group Co. Ltd. | 390,000 | 79 | ||||
Concord New Energy Group Ltd. | 820,000 | 78 | ||||
Guangdong Great River Smarter Logistics Co. Ltd. Class A | 24,500 | 78 | ||||
Shanghai Pudong Construction Co. Ltd. Class A | 74,100 | 78 | ||||
Jiangxi Lianchuang Optoelectronic Science & Technology Co. Ltd. Class A | 17,500 | 78 | ||||
1 | Shenwan Hongyuan Group Co. Ltd. Class H | 394,400 | 78 | |||
CIFI Holdings Group Co. Ltd. | 718,800 | 77 | ||||
Zhejiang NHU Co. Ltd. Class A | 28,256 | 77 | ||||
Zhongyu Energy Holdings Ltd. | 109,000 | 76 | ||||
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. Class A | 10,200 | 75 | ||||
1 | China Merchants Securities Co. Ltd. Class H | 75,660 | 75 | |||
Chaozhou Three-Circle Group Co. Ltd. Class A | 16,100 | 74 | ||||
Henan Shuanghui Investment & Development Co. Ltd. Class A | 19,400 | 74 | ||||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class A | 50,200 | 74 | ||||
China Reinsurance Group Corp. Class H | 1,035,000 | 74 | ||||
1 | AK Medical Holdings Ltd. | 62,000 | 74 | |||
* | Yatsen Holding Ltd. ADR | 51,964 | 74 | |||
* | Vnet Group Inc. ADR | 18,360 | 73 | |||
Huaxia Bank Co. Ltd. Class A | 97,600 | 73 |
Shares | Market Value• ($000) | |||||
Xinjiang Goldwind Science & Technology Co. Ltd. Class H | 79,600 | 72 | ||||
Bethel Automotive Safety Systems Co. Ltd. Class A | 6,800 | 72 | ||||
Ming Yuan Cloud Group Holdings Ltd. | 106,000 | 72 | ||||
Yanlord Land Group Ltd. | 88,100 | 71 | ||||
*,1 | YiChang HEC ChangJiang Pharmaceutical Co. Ltd. Class H | 68,400 | 71 | |||
Orient Securities Co. Ltd. Class A | 47,532 | 70 | ||||
CQ Pharmaceutical Holding Co. Ltd. Class A | 87,500 | 70 | ||||
Western Region Gold Co. Ltd. Class A | 35,600 | 70 | ||||
Sihuan Pharmaceutical Holdings Group Ltd. | 595,000 | 69 | ||||
Anhui Expressway Co. Ltd. Class H | 74,000 | 69 | ||||
China Overseas Grand Oceans Group Ltd. | 178,000 | 69 | ||||
Tiangong International Co. Ltd. | 188,000 | 69 | ||||
* | Seazen Holdings Co. Ltd. Class A | 24,500 | 69 | |||
* | Agile Group Holdings Ltd. | 248,000 | 68 | |||
* | Kingsoft Cloud Holdings Ltd. ADR | 17,554 | 68 | |||
Tong Ren Tang Technologies Co. Ltd. Class H | 93,000 | 67 | ||||
Shandong Nanshan Aluminum Co. Ltd. Class A | 128,400 | 67 | ||||
Guotai Junan Securities Co. Ltd. Class A | 32,400 | 67 | ||||
* | Canaan Inc. ADR | 23,797 | 67 | |||
Guangzhou Kingmed Diagnostics Group Co. Ltd. Class A | 5,400 | 66 | ||||
Joinn Laboratories China Co. Ltd. Class A | 7,784 | 66 | ||||
TCL Technology Group Corp. Class A | 101,200 | 65 | ||||
Sinotrans Ltd. Class A | 114,000 | 65 | ||||
Guangzhou Great Power Energy & Technology Co. Ltd. Class A | 6,700 | 65 | ||||
*,1 | China Renaissance Holdings Ltd. | 70,200 | 65 | |||
Zhejiang Hailiang Co. Ltd. Class A | 35,700 | 64 |
Shares | Market Value• ($000) | |||||
COSCO SHIPPING Development Co. Ltd. Class A | 177,900 | 64 | ||||
* | China Eastern Airlines Corp. Ltd. Class A | 82,000 | 64 | |||
* | Wellhope Foods Co. Ltd. Class A | 35,500 | 64 | |||
Ningbo Orient Wires & Cables Co. Ltd. Class A | 8,100 | 64 | ||||
Shanghai Mechanical & Electrical Industry Co. Ltd. Class B | 57,700 | 63 | ||||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class B | 80,800 | 63 | ||||
China BlueChemical Ltd. Class H | 280,000 | 63 | ||||
* | Topchoice Medical Corp. Class A | 3,004 | 63 | |||
Beijing United Information Technology Co. Ltd. Class A | 5,400 | 63 | ||||
Beijing Bei Mo Gao Ke Friction Material Co. Ltd. Class A | 8,710 | 63 | ||||
Sinoma International Engineering Co. Class A | 46,000 | 62 | ||||
1 | Yangtze Optical Fibre & Cable Joint Stock Ltd. Co. Class H | 31,500 | 62 | |||
Lianhe Chemical Technology Co. Ltd. Class A | 26,100 | 62 | ||||
Sinomine Resource Group Co. Ltd. Class A | 5,740 | 62 | ||||
* | Sohu.com Ltd. ADR | 4,291 | 61 | |||
GEM Co. Ltd. Class A | 53,900 | 61 | ||||
Gemdale Corp. Class A | 43,900 | 61 | ||||
* | CMGE Technology Group Ltd. | 218,000 | 61 | |||
*,2 | China Evergrande Group | 473,000 | 60 | |||
Beijing New Building Materials plc Class A | 13,800 | 60 | ||||
Lepu Medical Technology Beijing Co. Ltd. Class A | 17,800 | 60 | ||||
Universal Scientific Industrial Shanghai Co. Ltd. Class A | 26,100 | 60 | ||||
* | Skshu Paint Co. Ltd. Class A | 3,380 | 60 | |||
Jiangsu Jiejie Microelectronics Co. Ltd. Class A | 18,800 | 60 |
Shares | Market Value• ($000) | |||||
DeHua TB New Decoration Materials Co. Ltd. Class A | 30,200 | 60 | ||||
Jiangsu Expressway Co. Ltd. Class H | 62,000 | 59 | ||||
Poly Property Group Co. Ltd. | 248,000 | 59 | ||||
* | Guangzhou R&F Properties Co. Ltd. Class H | 237,600 | 59 | |||
1 | China Railway Signal & Communication Corp. Ltd. Class H | 162,000 | 59 | |||
*,1 | Hope Education Group Co. Ltd. | 706,000 | 59 | |||
Shenzhen Dynanonic Co. Ltd. Class A | 1,800 | 59 | ||||
Sino-Ocean Group Holding Ltd. | 455,500 | 58 | ||||
Wuxi Taiji Industry Co. Ltd. Class A | 70,900 | 58 | ||||
BOE Technology Group Co. Ltd. Class B | 122,100 | 57 | ||||
Shaanxi International Trust Co. Ltd. Class A | 118,700 | 57 | ||||
Xiamen C & D Inc. Class A | 29,900 | 57 | ||||
Beibuwan Port Co. Ltd. Class A | 51,190 | 57 | ||||
GoodWe Technologies Co. Ltd. Class A | 1,020 | 57 | ||||
1 | Hangzhou Tigermed Consulting Co. Ltd. Class H | 4,900 | 56 | |||
* | TCL Electronics Holdings Ltd. | 128,000 | 55 | |||
Shui On Land Ltd. | 446,000 | 55 | ||||
Yintai Gold Co. Ltd. Class A | 32,800 | 55 | ||||
37 Interactive Entertainment Network Technology Group Co. Ltd. Class A | 17,400 | 55 | ||||
Hisense Home Appliances Group Co. Ltd. Class A | 20,000 | 55 | ||||
Industrial Securities Co. Ltd. Class A | 59,880 | 55 | ||||
Zhejiang Juhua Co. Ltd. Class A | 20,100 | 55 | ||||
YGSOFT Inc. Class A | 46,200 | 55 | ||||
Three's Co. Media Group Co. Ltd. Class A | 3,618 | 55 | ||||
Jinke Smart Services Group Co. Ltd. Class H | 35,700 | 55 | ||||
* | Zhuguang Holdings Group Co. Ltd. | 486,000 | 54 | |||
Lonking Holdings Ltd. | 296,000 | 54 |
Shares | Market Value• ($000) | |||||
Luoxin Pharmaceuticals Group Stock Co. Ltd. Class A | 46,400 | 54 | ||||
CPMC Holdings Ltd. | 89,000 | 53 | ||||
Sieyuan Electric Co. Ltd. Class A | 7,900 | 53 | ||||
1 | China East Education Holdings Ltd. | 70,000 | 53 | |||
* | Risen Energy Co. Ltd. Class A | 11,800 | 53 | |||
China Modern Dairy Holdings Ltd. | 383,000 | 52 | ||||
Yunnan Aluminium Co. Ltd. Class A | 27,100 | 52 | ||||
Grinm Advanced Materials Co. Ltd. Class A | 26,600 | 52 | ||||
Kehua Data Co. Ltd. Class A | 8,100 | 52 | ||||
* | KWG Group Holdings Ltd. | 238,500 | 51 | |||
Gemdale Properties & Investment Corp. Ltd. | 644,000 | 51 | ||||
Wens Foodstuffs Group Co. Ltd. Class A | 18,000 | 51 | ||||
Angang Steel Co. Ltd. Class A | 118,000 | 51 | ||||
*,1 | Ascletis Pharma Inc. | 125,000 | 51 | |||
Humanwell Healthcare Group Co. Ltd. Class A | 13,300 | 51 | ||||
China Railway Signal & Communication Corp. Ltd. Class A | 68,875 | 51 | ||||
CSG Holding Co. Ltd. Class B | 129,900 | 50 | ||||
China Shineway Pharmaceutical Group Ltd. | 57,000 | 50 | ||||
* | New Hope Liuhe Co. Ltd. Class A | 26,300 | 50 | |||
LB Group Co. Ltd. Class A | 15,800 | 50 | ||||
Yantai Dongcheng Pharmaceutical Co. Ltd. Class A | 18,700 | 50 | ||||
Bank of Chongqing Co. Ltd. Class H | 95,000 | 50 | ||||
Changzhou Xingyu Automotive Lighting Systems Co. Ltd. Class A | 2,300 | 50 | ||||
Suzhou TFC Optical Communication Co. Ltd. Class A | 8,700 | 50 | ||||
Anjoy Foods Group Co. Ltd. Class A | 2,100 | 50 | ||||
* | Amlogic Shanghai Co. Ltd. Class A | 4,360 | 50 |
Shares | Market Value• ($000) | |||||
Shenzhen Investment Ltd. | 266,000 | 49 | ||||
* | Lingyi iTech Guangdong Co. Class A | 58,900 | 49 | |||
Shanghai Sinyang Semiconductor Materials Co. Ltd. Class A | 10,200 | 49 | ||||
COFCO Capital Holdings Co. Ltd. Class A | 45,800 | 49 | ||||
Shanghai Liangxin Electrical Co. Ltd. Class A | 23,700 | 49 | ||||
Ningbo Ronbay New Energy Technology Co. Ltd. Class A | 4,709 | 49 | ||||
Xingda International Holdings Ltd. | 230,000 | 48 | ||||
China Lilang Ltd. | 95,000 | 48 | ||||
Kangji Medical Holdings Ltd. | 39,500 | 48 | ||||
* | I-Mab ADR | 11,131 | 48 | |||
Yuexiu Transport Infrastructure Ltd. | 84,000 | 47 | ||||
Comba Telecom Systems Holdings Ltd. | 264,000 | 47 | ||||
Shenzhen Overseas Chinese Town Co. Ltd. Class A | 62,100 | 47 | ||||
Perfect World Co. Ltd. Class A | 23,000 | 47 | ||||
China Galaxy Securities Co. Ltd. Class A | 33,800 | 47 | ||||
JNBY Design Ltd. | 37,500 | 47 | ||||
Asymchem Laboratories Tianjin Co. Ltd. Class A | 2,300 | 47 | ||||
*,1 | Maoyan Entertainment | 42,000 | 47 | |||
China SCE Group Holdings Ltd. | 412,000 | 47 | ||||
Gaona Aero Material Co. Ltd. Class A | 7,300 | 47 | ||||
Shanghai Zhonggu Logistics Co. Ltd. Class A | 20,400 | 47 | ||||
Tian Lun Gas Holdings Ltd. | 73,000 | 46 | ||||
1 | Everbright Securities Co. Ltd. Class H | 66,632 | 46 | |||
Livzon Pharmaceutical Group Inc. Class H | 13,300 | 46 | ||||
Taiji Computer Corp. Ltd. Class A | 7,400 | 46 | ||||
* | DouYu International Holdings Ltd. ADR | 36,721 | 46 | |||
Wuhan DR Laser Technology Corp. Ltd. Class A | 2,240 | 46 |
Shares | Market Value• ($000) | |||||
Hubei Feilihua Quartz Glass Co. Ltd. Class A | 6,324 | 46 | ||||
Beijing Chunlizhengda Medical Instruments Co. Ltd. Class H | 17,500 | 46 | ||||
*,1 | Kintor Pharmaceutical Ltd. | 37,500 | 46 | |||
AIMA Technology Group Co. Ltd. Class A | 5,500 | 46 | ||||
First Tractor Co. Ltd. Class H | 90,000 | 45 | ||||
Sichuan Expressway Co. Ltd. Class H | 184,000 | 45 | ||||
China Greatwall Technology Group Co. Ltd. Class A | 23,900 | 45 | ||||
Health & Happiness H&H International Holdings Ltd. | 26,500 | 45 | ||||
China International Marine Containers Group Co. Ltd. Class A | 41,450 | 45 | ||||
MLS Co. Ltd. Class A | 34,200 | 45 | ||||
Shanghai Jinqiao Export Processing Zone Development Co. Ltd. Class A | 26,300 | 45 | ||||
* | Cosmopolitan International Holdings Ltd. | 270,000 | 45 | |||
1 | Sunac Services Holdings Ltd. | 113,000 | 45 | |||
Livzon Pharmaceutical Group Inc. Class A | 8,500 | 44 | ||||
1 | Genertec Universal Medical Group Co. Ltd. | 77,000 | 44 | |||
* | Youdao Inc. ADR | 5,399 | 44 | |||
Guangzhou GRG Metrology & Test Co. Ltd. Class A | 14,900 | 44 | ||||
*,1 | Archosaur Games Inc. | 57,000 | 44 | |||
CIFI Ever Sunshine Services Group Ltd. | 110,000 | 44 | ||||
Sunresin New Materials Co. Ltd. Class A | 3,200 | 44 | ||||
* | China Railway Materials Co. Ltd. Class A | 102,600 | 44 | |||
Shenzhen SED Industry Co. Ltd. Class A | 11,800 | 44 | ||||
Rongsheng Petrochemical Co. Ltd. Class A | 22,100 | 43 | ||||
Hengdian Group DMEGC Magnetics Co. Ltd. Class A | 13,800 | 43 | ||||
Sino Wealth Electronic Ltd. Class A | 7,469 | 43 |
Shares | Market Value• ($000) | |||||
Shenzhen Kstar Science & Technology Co. Ltd. Class A | 6,000 | 43 | ||||
China Automotive Engineering Research Institute Co. Ltd. Class A | 12,000 | 43 | ||||
* | GOME Retail Holdings Ltd. | 2,094,000 | 42 | |||
COSCO SHIPPING Development Co. Ltd. Class H | 320,000 | 42 | ||||
Pou Sheng International Holdings Ltd. | 396,000 | 42 | ||||
Guoyuan Securities Co. Ltd. Class A | 41,700 | 42 | ||||
Tofflon Science & Technology Group Co. Ltd. Class A | 10,300 | 42 | ||||
China Tungsten & Hightech Materials Co. Ltd. Class A | 19,100 | 42 | ||||
Zhejiang Weixing New Building Materials Co. Ltd. Class A | 11,000 | 41 | ||||
Longshine Technology Group Co. Ltd. Class A | 10,300 | 41 | ||||
* | Niu Technologies ADR | 9,737 | 41 | |||
* | Li Auto Inc. Class A | 3,506 | 41 | |||
1 | Joinn Laboratories China Co. Ltd. Class H | 9,380 | 41 | |||
* | China South City Holdings Ltd. | 598,000 | 40 | |||
Caitong Securities Co. Ltd. Class A | 35,800 | 40 | ||||
Tianjin Capital Environmental Protection Group Co. Ltd. Class A | 42,700 | 40 | ||||
Liaoning Port Co. Ltd. Class A | 169,500 | 40 | ||||
Zhejiang Huahai Pharmaceutical Co. Ltd. Class A | 13,300 | 40 | ||||
China Jushi Co. Ltd. Class A | 18,144 | 40 | ||||
Weihai Guangwei Composites Co. Ltd. Class A | 4,200 | 40 | ||||
*,1 | CStone Pharmaceuticals | 80,000 | 40 | |||
*,1 | Shimao Services Holdings Ltd. | 139,000 | 40 | |||
Zhejiang Jiuzhou Pharmaceutical Co. Ltd. Class A | 7,100 | 40 | ||||
Foran Energy Group Co. Ltd. | 20,600 | 39 |
Shares | Market Value• ($000) | |||||
Shanghai International Port Group Co. Ltd. Class A | 50,500 | 39 | ||||
* | Q Technology Group Co. Ltd. | 65,000 | 39 | |||
* | Cheng De Lolo Co. Ltd. Class A | 30,000 | 39 | |||
* | Pengdu Agriculture & Animal Husbandry Co. Ltd. Class A | 95,300 | 39 | |||
1 | Pharmaron Beijing Co. Ltd. Class H | 6,900 | 39 | |||
Hangcha Group Co. Ltd. Class A | 12,600 | 39 | ||||
Hangzhou Lion Electronics Co. Ltd. Class A | 6,000 | 39 | ||||
Sinotrans Ltd. Class H | 123,000 | 38 | ||||
Shenzhen Expressway Corp. Ltd. Class H | 42,000 | 38 | ||||
* | Sinofert Holdings Ltd. | 316,000 | 38 | |||
CSC Financial Co. Ltd. Class A | 9,800 | 38 | ||||
1 | Midea Real Estate Holding Ltd. | 30,600 | 38 | |||
Chengtun Mining Group Co. Ltd. Class A | 42,200 | 38 | ||||
Chacha Food Co. Ltd. Class A | 5,700 | 38 | ||||
Zhejiang HangKe Technology Inc. Co. Class A | 5,180 | 38 | ||||
Jiangsu Azure Corp. | 18,100 | 38 | ||||
Ningbo Xusheng Group Co. Ltd. Class A | 6,500 | 38 | ||||
Changjiang Securities Co. Ltd. Class A | 45,300 | 37 | ||||
AVIC Industry-Finance Holdings Co. Ltd. Class A | 59,800 | 37 | ||||
Hongfa Technology Co. Ltd. Class A | 7,280 | 37 | ||||
Konfoong Materials International Co. Ltd. Class A | 3,300 | 37 | ||||
* | Asia - Potash International Investment Guangzhou Co. Ltd. Class A | 9,000 | 37 | |||
* | China TransInfo Technology Co. Ltd. Class A | 22,600 | 36 | |||
Changchun Faway Automobile Components Co. Ltd. Class A | 26,600 | 36 | ||||
Shenzhen Expressway Corp. Ltd. | 27,700 | 36 |
Shares | Market Value• ($000) | |||||
Huayu Automotive Systems Co. Ltd. Class A | 12,900 | 35 | ||||
China Tianying Inc. Class A | 45,200 | 35 | ||||
CNHTC Jinan Truck Co. Ltd. Class A | 14,420 | 35 | ||||
* | Innuovo Technology Co. Ltd. Class A | 32,800 | 35 | |||
Shanghai Medicilon Inc. Class A | 1,274 | 35 | ||||
Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co. Ltd. Class H | 82,000 | 34 | ||||
Chengdu CORPRO Technology Co. Ltd. Class A | 7,900 | 34 | ||||
Daan Gene Co. Ltd. Class A | 14,600 | 34 | ||||
*,1 | Redco Properties Group Ltd. | 202,000 | 34 | |||
First Capital Securities Co. Ltd. Class A | 39,600 | 34 | ||||
Shanghai Belling Co. Ltd. Class A | 12,400 | 34 | ||||
* | LVGEM China Real Estate Investment Co. Ltd. | 164,000 | 34 | |||
Shanxi Taigang Stainless Steel Co. Ltd. Class A | 49,600 | 34 | ||||
KWG Living Group Holdings Ltd. | 180,906 | 34 | ||||
1 | Medlive Technology Co. Ltd. | 27,500 | 34 | |||
*,2 | Shimao Group Holdings Ltd. | 171,000 | 33 | |||
Guangdong Provincial Expressway Development Co. Ltd. Class B | 44,700 | 33 | ||||
* | Hi Sun Technology China Ltd. | 321,000 | 33 | |||
China International Marine Containers Group Co. Ltd. Class H | 46,950 | 33 | ||||
* | Beijing Dabeinong Technology Group Co. Ltd. Class A | 28,100 | 33 | |||
Oppein Home Group Inc. Class A | 1,600 | 33 | ||||
*,2 | Colour Life Services Group Co. Ltd. | 413,159 | 33 | |||
*,1 | China Yuhua Education Corp. Ltd. | 200,000 | 33 | |||
* | Zhejiang Century Huatong Group Co. Ltd. Class A | 52,400 | 33 |
Shares | Market Value• ($000) | |||||
China Kepei Education Group Ltd. | 88,000 | 33 | ||||
Anji Microelectronics Technology Shanghai Co. Ltd. Class A | 1,192 | 33 | ||||
China Foods Ltd. | 90,000 | 32 | ||||
WUS Printed Circuit Kunshan Co. Ltd. Class A | 13,640 | 32 | ||||
* | Meinian Onehealth Healthcare Holdings Co. Ltd. Class A | 33,900 | 32 | |||
Avary Holding Shenzhen Co. Ltd. Class A | 7,800 | 32 | ||||
Milkyway Chemical Supply Chain Service Co. Ltd. Class A | 1,700 | 32 | ||||
Raytron Technology Co. Ltd. Class A | 4,763 | 32 | ||||
Shenzhen Topband Co. Ltd. Class A | 17,100 | 32 | ||||
*,1 | Mobvista Inc. | 62,000 | 32 | |||
*,2 | China Dili Group | 378,000 | 32 | |||
Huaxin Cement Co. Ltd. Class H | 28,200 | 32 | ||||
GCL Energy Technology Co. Ltd. | 19,800 | 32 | ||||
Beijing Huafeng Test & Control Technology Co. Ltd. Class A | 790 | 32 | ||||
West China Cement Ltd. | 260,000 | 31 | ||||
Shenzhen Gas Corp. Ltd. Class A | 30,200 | 31 | ||||
China Meheco Co. Ltd. Class A | 13,800 | 31 | ||||
Jonjee Hi-Tech Industrial & Commercial Holding Co. Ltd. Class A | 5,700 | 31 | ||||
Shenzhen Megmeet Electrical Co. Ltd. Class A | 7,200 | 31 | ||||
Nantong Jianghai Capacitor Co. Ltd. Class A | 9,500 | 31 | ||||
INESA Intelligent Tech Inc. Class B | 50,600 | 30 | ||||
Shanghai Jinjiang International Hotels Co. Ltd. Class B | 14,600 | 30 | ||||
New China Life Insurance Co. Ltd. Class A | 6,600 | 30 | ||||
* | Shandong Hi-Speed New Energy Group Ltd. | 4,280,000 | 30 | |||
Beijing Tongtech Co. Ltd. Class A | 9,020 | 30 |
Shares | Market Value• ($000) | |||||
Central China Management Co. Ltd. | 355,000 | 30 | ||||
Shaanxi Construction Engineering Group Corp. Ltd. Class A | 45,600 | 30 | ||||
Qingdao Sentury Tire Co. Ltd. Class A | 6,400 | 30 | ||||
Road King Infrastructure Ltd. | 59,000 | 29 | ||||
Shanghai Chlor-Alkali Chemical Co. Ltd. Class B | 43,700 | 29 | ||||
1 | China Everbright Greentech Ltd. | 125,000 | 29 | |||
Red Avenue New Materials Group Co. Ltd. Class A | 6,100 | 29 | ||||
China Resources Double Crane Pharmaceutical Co. Ltd. Class A | 11,000 | 29 | ||||
Yunnan Copper Co. Ltd. Class A | 15,700 | 29 | ||||
Sinocare Inc. Class A | 5,700 | 29 | ||||
Shanghai Hanbell Precise Machinery Co. Ltd. Class A | 7,600 | 29 | ||||
*,1,2 | Evergrande Property Services Group Ltd. | 453,500 | 29 | |||
*,2 | China Zhongwang Holdings Ltd. | 133,200 | 28 | |||
Shandong Sun Paper Industry JSC Ltd. Class A | 15,000 | 28 | ||||
* | Tangrenshen Group Co. Ltd. Class A | 24,600 | 28 | |||
Shenzhen Gongjin Electronics Co. Ltd. Class A | 20,000 | 28 | ||||
Zhejiang Dingli Machinery Co. Ltd. Class A | 3,300 | 28 | ||||
* | Jiangsu Lihua Animal Husbandry Stock Co. Ltd. Class A | 5,100 | 28 | |||
* | Jiangsu Akcome Science & Technology Co. Ltd. Class A | 67,800 | 28 | |||
Huali Industrial Group Co. Ltd. Class A | 3,400 | 28 | ||||
Shandong Himile Mechanical Science & Technology Co. Ltd. Class A | 7,000 | 27 | ||||
Beijing Strong Biotechnologies Inc. Class A | 9,900 | 27 | ||||
* | Times China Holdings Ltd. | 184,000 | 27 |
Shares | Market Value• ($000) | |||||
Jointown Pharmaceutical Group Co. Ltd. Class A | 13,000 | 27 | ||||
* | Guangshen Railway Co. Ltd. Class A | 83,800 | 27 | |||
Shanghai Yuyuan Tourist Mart Group Co. Ltd. | 23,900 | 27 | ||||
Anhui Construction Engineering Group Co. Ltd. Class A | 35,000 | 27 | ||||
Central China Securities Co. Ltd. Class A | 48,600 | 27 | ||||
Shanghai M&G Stationery Inc. Class A | 3,500 | 27 | ||||
Victory Giant Technology Huizhou Co. Ltd. Class A | 11,000 | 27 | ||||
Zhejiang Xinan Chemical Industrial Group Co. Ltd. Class A | 11,060 | 27 | ||||
QuakeSafe Technologies Co. Ltd. | 3,839 | 27 | ||||
* | OneConnect Financial Technology Co. Ltd. ADR | 3,969 | 27 | |||
Angang Steel Co. Ltd. Class H | 80,000 | 26 | ||||
Pacific Textiles Holdings Ltd. | 77,000 | 26 | ||||
* | FIH Mobile Ltd. | 243,000 | 26 | |||
* | Jiangsu Hoperun Software Co. Ltd. Class A | 7,600 | 26 | |||
Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd. Class A | 3,400 | 26 | ||||
SooChow Securities Co. Ltd. Class A | 25,400 | 26 | ||||
Chongqing Three Gorges Water Conservancy & Electric Power Co. Ltd. Class A | 19,300 | 26 | ||||
Nanjing Iron & Steel Co. Ltd. Class A | 44,500 | 26 | ||||
* | Zhejiang Narada Power Source Co. Ltd. Class A | 6,900 | 26 | |||
* | Shenzhen Everwin Precision Technology Co. Ltd. Class A | 14,200 | 26 | |||
Guangdong Zhongsheng Pharmaceutical Co. Ltd. Class A | 7,700 | 26 | ||||
Shandong Xinhua Pharmaceutical Co. Ltd. Class A | 5,700 | 26 | ||||
Hengyi Petrochemical Co. Ltd. Class A | 22,400 | 26 |
Shares | Market Value• ($000) | |||||
*,1 | Viva Biotech Holdings | 128,500 | 26 | |||
Qingdao Haier Biomedical Co. Ltd. Class A | 2,543 | 26 | ||||
* | Roshow Technology Co. Ltd. Class A | 20,400 | 26 | |||
Qingling Motors Co. Ltd. Class H | 196,000 | 25 | ||||
* | Ausnutria Dairy Corp. Ltd. | 46,000 | 25 | |||
Hefei Meiya Optoelectronic Technology Inc. Class A | 6,500 | 25 | ||||
G-bits Network Technology Xiamen Co. Ltd. Class A | 500 | 25 | ||||
* | China Aluminum International Engineering Corp. Ltd. Class A | 33,900 | 25 | |||
Jiangsu Shuangxing Color Plastic New Materials Co. Ltd. Class A | 12,600 | 25 | ||||
CSG Holding Co. Ltd. Class A | 24,600 | 25 | ||||
Yijiahe Technology Co. Ltd. Class A | 4,200 | 25 | ||||
* | Sichuan Development Lomon Co. Ltd. Class A | 15,400 | 25 | |||
* | Kingnet Network Co. Ltd. Class A | 19,700 | 24 | |||
Shenzhen Sunway Communication Co. Ltd. Class A | 8,800 | 24 | ||||
Jiangsu Guotai International Group Co. Ltd. | 19,400 | 24 | ||||
Hainan Strait Shipping Co. Ltd. Class A | 27,750 | 24 | ||||
China Harmony Auto Holding Ltd. | 183,000 | 24 | ||||
Wuhan Jingce Electronic Group Co. Ltd. Class A | 2,600 | 24 | ||||
Sanquan Food Co. Ltd. Class A | 9,630 | 24 | ||||
Shandong Dawn Polymer Co. Ltd. Class A | 9,000 | 24 | ||||
Shanghai Wanye Enterprises Co. Ltd. Class A | 9,200 | 24 | ||||
Digital China Group Co. Ltd. Class A | 6,200 | 24 |
Shares | Market Value• ($000) | |||||
Chengdu Leejun Industrial Co. Ltd. Class A | 21,800 | 24 | ||||
Edan Instruments Inc. Class A | 13,000 | 24 | ||||
Chengdu Kanghua Biological Products Co. Ltd. Class A | 1,750 | 24 | ||||
Eastroc Beverage Group Co. Ltd. Class A | 800 | 24 | ||||
* | SOHO China Ltd. | 121,000 | 23 | |||
China Dongxiang Group Co. Ltd. | 514,000 | 23 | ||||
Yunnan Tin Co. Ltd. Class A | 10,200 | 23 | ||||
Shenzhen Agricultural Products Group Co. Ltd. Class A | 28,200 | 23 | ||||
Zhejiang Communications Technology Co. Ltd. | 26,400 | 23 | ||||
Fiberhome Telecommunication Technologies Co. Ltd. Class A | 9,400 | 23 | ||||
1 | Shanghai Haohai Biological Technology Co. Ltd. Class H | 4,400 | 23 | |||
* | Ningbo Joyson Electronic Corp. Class A | 10,200 | 23 | |||
Shenzhen Desay Battery Technology Co. Class A | 3,600 | 23 | ||||
* | Advanced Technology & Materials Co. Ltd. Class A | 18,300 | 23 | |||
Zhejiang Wanma Co. Ltd. Class A | 15,000 | 23 | ||||
Gree Real Estate Co. Ltd. Class A | 15,800 | 23 | ||||
Beijing GeoEnviron Engineering & Technology Inc. Class A | 14,600 | 23 | ||||
Beijing eGOVA Co. Ltd. Class A | 7,400 | 23 | ||||
Infore Environment Technology Group Co. Ltd. Class A | 29,500 | 23 | ||||
Youngor Group Co. Ltd. Class A | 24,300 | 23 | ||||
Yankershop Food Co. Ltd. Class A | 1,300 | 23 | ||||
CETC Digital Technology Co. Ltd. Class A | 6,240 | 23 | ||||
* | Hainan Development Holdings Nanhai Co. Ltd. Class A | 13,500 | 23 |
Shares | Market Value• ($000) | |||||
Chongqing Fuling Electric Power Industrial Co. Ltd. Class A | 8,600 | 23 | ||||
Shanghai Huace Navigation Technology Ltd. Class A | 5,300 | 23 | ||||
Beijing BDStar Navigation Co. Ltd. Class A | 4,600 | 22 | ||||
Sealand Securities Co. Ltd. Class A | 44,000 | 22 | ||||
Tayho Advanced Materials Group Co. Ltd. Class A | 5,700 | 22 | ||||
Topsec Technologies Group Inc. Class A | 13,800 | 22 | ||||
Zhejiang Jiemei Electronic & Technology Co. Ltd. Class A | 5,000 | 22 | ||||
Zhejiang Weiming Environment Protection Co. Ltd. Class A | 7,657 | 22 | ||||
People.cn Co. Ltd. Class A | 8,700 | 22 | ||||
Guangdong Hybribio Biotech Co. Ltd. Class A | 8,550 | 22 | ||||
Xinxiang Richful Lube Additive Co. Ltd. Class A | 1,300 | 22 | ||||
Wuxi NCE Power Co. Ltd. Class A | 1,900 | 22 | ||||
CNSIG Inner Mongolia Chemical Industry Co. Ltd. | 9,900 | 22 | ||||
KBC Corp. Ltd. Class A | 713 | 22 | ||||
Jiangsu Guomao Reducer Co. Ltd. Class A | 6,700 | 22 | ||||
Shanghai Industrial Urban Development Group Ltd. | 282,000 | 21 | ||||
* | China High Speed Transmission Equipment Group Co. Ltd. | 51,000 | 21 | |||
Unisplendour Corp. Ltd. Class A | 5,660 | 21 | ||||
Leyard Optoelectronic Co. Ltd. Class A | 23,300 | 21 | ||||
IKD Co. Ltd. Class A | 5,700 | 21 | ||||
1 | Qingdao Port International Co. Ltd. Class H | 43,000 | 21 | |||
Hangxiao Steel Structure Co. Ltd. Class A | 28,100 | 21 |
Shares | Market Value• ($000) | |||||
JL Mag Rare-Earth Co. Ltd. Class A | 4,500 | 21 | ||||
Eastern Communications Co. Ltd. Class A | 13,600 | 21 | ||||
Black Peony Group Co. Ltd. Class A | 19,800 | 21 | ||||
Sinofibers Technology Co. Ltd. Class A | 2,700 | 21 | ||||
Bafang Electric Suzhou Co. Ltd. Class A | 1,200 | 21 | ||||
1 | Shenzhen Hepalink Pharmaceutical Group Co. Ltd. Class H | 31,000 | 21 | |||
Shanghai Haohai Biological Technology Co. Ltd. Class A | 1,374 | 21 | ||||
* | Hubei Yihua Chemical Industry Co. Ltd. Class A | 9,000 | 21 | |||
Hunan Zhongke Electric Co. Ltd. Class A | 7,500 | 21 | ||||
* | Zhejiang Wanfeng Auto Wheel Co. Ltd. Class A | 20,800 | 20 | |||
Hunan Valin Steel Co. Ltd. Class A | 25,300 | 20 | ||||
Sichuan Hexie Shuangma Co. Ltd. Class A | 6,000 | 20 | ||||
China Resources Boya Bio-pharmaceutical Group Co. Ltd. Class A | 4,000 | 20 | ||||
Xinjiang Communications Construction Group Co. Ltd. Class A | 10,400 | 20 | ||||
Shenzhen Fastprint Circuit Tech Co. Ltd. Class A | 12,300 | 20 | ||||
Jiangsu Provincial Agricultural Reclamation & Development Corp. | 11,400 | 20 | ||||
Intco Medical Technology Co. Ltd. Class A | 5,300 | 20 | ||||
State Grid Information & Communication Co. Ltd. | 8,100 | 20 | ||||
Northeast Securities Co. Ltd. Class A | 19,200 | 19 | ||||
* | Shandong Yisheng Livestock & Poultry Breeding Co. Ltd. Class A | 8,700 | 19 | |||
* | Sunward Intelligent Equipment Co. Ltd. Class A | 20,700 | 19 | |||
Laobaixing Pharmacy Chain JSC Class A | 3,328 | 19 |
Shares | Market Value• ($000) | |||||
Zhejiang Xianju Pharmaceutical Co. Ltd. Class A | 9,900 | 19 | ||||
Xinjiang Tianshan Cement Co. Ltd. Class A | 13,800 | 19 | ||||
PharmaBlock Sciences Nanjing Inc. Class A | 1,800 | 19 | ||||
Sonoscape Medical Corp. Class A | 2,700 | 19 | ||||
Yusys Technologies Co. Ltd. Class A | 7,680 | 19 | ||||
Jiangsu Nata Opto-electronic Material Co. Ltd. Class A | 4,160 | 19 | ||||
Nanjing Yunhai Special Metals Co. Ltd. Class A | 5,300 | 19 | ||||
* | Shandong Longda Meishi Co. Ltd. Class A | 14,700 | 19 | |||
Jade Bird Fire Co. Ltd. Class A | 4,300 | 19 | ||||
Shanghai MicroPort Endovascular MedTech Group Co. Ltd. Class A | 671 | 19 | ||||
Suplet Power Co. Ltd. Class A | 3,500 | 19 | ||||
Anhui Guangxin Agrochemical Co. Ltd. Class A | 4,100 | 19 | ||||
Xilinmen Furniture Co. Ltd. Class A | 3,600 | 19 | ||||
Shanghai Jinqiao Export Processing Zone Development Co. Ltd. Class B | 18,800 | 18 | ||||
BBMG Corp. Class H | 133,000 | 18 | ||||
Yunda Holding Co. Ltd. Class A | 9,800 | 18 | ||||
Xinyu Iron & Steel Co. Ltd. Class A | 27,300 | 18 | ||||
Jinyuan EP Co. Ltd. Class A | 10,800 | 18 | ||||
Hexing Electrical Co. Ltd. Class A | 5,300 | 18 | ||||
Telling Telecommunication Holding Co. Ltd. Class A | 10,900 | 18 | ||||
* | Focused Photonics Hangzhou Inc. Class A | 4,200 | 18 | |||
Zhejiang Jingxin Pharmaceutical Co. Ltd. Class A | 9,300 | 18 | ||||
Hubei Dinglong Co. Ltd. Class A | 5,600 | 18 |
Shares | Market Value• ($000) | |||||
Shenzhen H&T Intelligent Control Co. Ltd. Class A | 7,500 | 18 | ||||
Lier Chemical Co. Ltd. Class A | 6,800 | 18 | ||||
Biem.L.Fdlkk Garment Co. Ltd. Class A | 4,100 | 18 | ||||
* | Talkweb Information System Co. Ltd. Class A | 11,800 | 18 | |||
China Wafer Level CSP Co. Ltd. Class A | 6,000 | 18 | ||||
* | Guangdong Create Century Intelligent Equipment Group Corp. Ltd. | 14,600 | 18 | |||
Xiamen Xiangyu Co. Ltd. Class A | 11,000 | 18 | ||||
CanSino Biologics Inc. Class A | 948 | 18 | ||||
* | Zhejiang Qianjiang Motorcycle Co. Ltd. Class A | 4,800 | 18 | |||
Zhejiang Cfmoto Power Co. Ltd. Class A | 900 | 18 | ||||
* | Jinlei Technology Co. Ltd. | 2,700 | 18 | |||
Jiangsu Boqian New Materials Stock Co. Ltd. Class A | 2,400 | 18 | ||||
Xinhua Winshare Publishing & Media Co. Ltd. Class H | 22,000 | 17 | ||||
Guangdong Provincial Expressway Development Co. Ltd. Class A | 15,200 | 17 | ||||
Fujian Star-net Communication Co. Ltd. Class A | 5,100 | 17 | ||||
Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd. Class A | 24,700 | 17 | ||||
Sunflower Pharmaceutical Group Co. Ltd. Class A | 4,700 | 17 | ||||
* | Guocheng Mining Co. Ltd. Class A | 7,100 | 17 | |||
China Merchants Expressway Network & Technology Holdings Co. Ltd. Class A | 14,300 | 17 | ||||
C&S Paper Co. Ltd. Class A | 9,200 | 17 | ||||
Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd. Class A | 9,300 | 17 | ||||
BBMG Corp. Class A | 45,100 | 17 |
Shares | Market Value• ($000) | |||||
* | Zhejiang Jingu Co. Ltd. Class A | 15,900 | 17 | |||
CNNC Hua Yuan Titanium Dioxide Co. Ltd. Class A | 15,900 | 17 | ||||
Suzhou Anjie Technology Co. Ltd. Class A | 8,300 | 17 | ||||
Shenzhen Sunline Tech Co. Ltd. Class A | 10,300 | 17 | ||||
Shenzhen Yinghe Technology Co. Ltd. Class A | 6,200 | 17 | ||||
Zhejiang Medicine Co. Ltd. Class A | 9,000 | 17 | ||||
KPC Pharmaceuticals Inc. Class A | 6,400 | 17 | ||||
Wuchan Zhongda Group Co. Ltd. Class A | 23,600 | 17 | ||||
* | Yantai Zhenghai Magnetic Material Co. Ltd. Class A | 8,500 | 17 | |||
* | China Express Airlines Co. Ltd. Class A | 9,600 | 17 | |||
Pacific Shuanglin Bio-pharmacy Co. Ltd. | 5,300 | 17 | ||||
Ligao Foods Co. Ltd. Class A | 1,200 | 17 | ||||
* | CHN Energy Changyuan Electric Power Co. Ltd. Class A | 23,900 | 17 | |||
Jingjin Equipment Inc. Class A | 3,760 | 17 | ||||
* | Yuzhou Group Holdings Co. Ltd. | 319,000 | 16 | |||
Joyoung Co. Ltd. Class A | 5,800 | 16 | ||||
CETC Potevio Science & Technology Co. Ltd. Class A | 4,600 | 16 | ||||
Chengdu Xingrong Environment Co. Ltd. Class A | 22,200 | 16 | ||||
Tianma Microelectronics Co. Ltd. Class A | 11,400 | 16 | ||||
Hangjin Technology Co. Ltd. Class A | 3,500 | 16 | ||||
* | Tech-Bank Food Co. Ltd. Class A | 18,000 | 16 | |||
Shanghai Zhangjiang High-Tech Park Development Co. Ltd. Class A | 8,800 | 16 | ||||
Flat Glass Group Co. Ltd. Class H | 6,000 | 16 | ||||
Zhejiang Windey Co. Ltd. Class A | 7,150 | 16 | ||||
Luyang Energy-Saving Materials Co. Ltd. | 4,400 | 16 |
Shares | Market Value• ($000) | |||||
CNGR Advanced Material Co. Ltd. Class A | 1,600 | 16 | ||||
Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd. Class B | 16,700 | 15 | ||||
Beijing Originwater Technology Co. Ltd. Class A | 20,105 | 15 | ||||
* | Inner Mongolia Xingye Mining Co. Ltd. Class A | 14,400 | 15 | |||
JSTI Group Class A | 18,000 | 15 | ||||
Jiangsu Nhwa Pharmaceutical Co. Ltd. Class A | 3,800 | 15 | ||||
CTS International Logistics Corp. Ltd. Class A | 10,800 | 15 | ||||
Shenzhen Changhong Technology Co. Ltd. Class A | 5,000 | 15 | ||||
Chongqing Sanfeng Environment Group Corp. Ltd. Class A | 15,000 | 15 | ||||
Arcsoft Corp. Ltd. Class A | 3,820 | 15 | ||||
Winall Hi-Tech Seed Co. Ltd. Class A | 6,400 | 15 | ||||
Shenzhen Fine Made Electronics Group Co. Ltd. Class A | 2,200 | 15 | ||||
Shanghai Bailian Group Co. Ltd. Class B | 19,200 | 14 | ||||
Hainan Poly Pharm Co. Ltd. Class A | 3,500 | 14 | ||||
Hunan Aihua Group Co. Ltd. Class A | 3,800 | 14 | ||||
* | Ronshine China Holdings Ltd. | 126,000 | 14 | |||
Huagong Tech Co. Ltd. Class A | 4,800 | 14 | ||||
Fangda Special Steel Technology Co. Ltd. Class A | 15,200 | 14 | ||||
Shenzhen Woer Heat-Shrinkable Material Co. Ltd. Class A | 12,800 | 14 | ||||
Era Co. Ltd. Class A | 18,600 | 14 | ||||
Shandong WIT Dyne Health Co. Ltd. Class A | 2,300 | 14 | ||||
Zhejiang Orient Gene Biotech Co. Ltd. Class A | 1,286 | 14 | ||||
* | Hand Enterprise Solutions Co. Ltd. Class A | 8,300 | 13 |
Shares | Market Value• ($000) | |||||
* | OFILM Group Co. Ltd. Class A | 18,000 | 13 | |||
PCI Technology Group Co. Ltd. Class A | 14,900 | 13 | ||||
* | Wuhan Raycus Fiber Laser Technologies Co. Ltd. Class A | 3,315 | 13 | |||
Grandblue Environment Co. Ltd. Class A | 4,800 | 13 | ||||
Shenzhen Suntak Circuit Technology Co. Ltd. Class A | 7,900 | 13 | ||||
China CAMC Engineering Co. Ltd. Class A | 10,100 | 13 | ||||
* | Bohai Leasing Co. Ltd. Class A | 40,800 | 13 | |||
* | Aotecar New Energy Technology Co. Ltd. Class A | 30,000 | 13 | |||
Fibocom Wireless Inc. Class A | 4,350 | 13 | ||||
Edifier Technology Co. Ltd. Class A | 8,600 | 13 | ||||
Guangdong Aofei Data Technology Co. Ltd. Class A | 6,840 | 13 | ||||
Shenzhen Click Technology Co. Ltd. Class A | 4,400 | 13 | ||||
Anhui Jiangnan Chemical Industry Co. Ltd. Class A | 15,700 | 13 | ||||
Tongling Jingda Special Magnet Wire Co. Ltd. Class A | 19,100 | 13 | ||||
Beijing Dahao Technology Corp. Ltd. Class A | 4,100 | 13 | ||||
Shenzhen Tagen Group Co. Ltd. Class A | 14,300 | 12 | ||||
Shenzhen Airport Co. Ltd. Class A | 11,600 | 12 | ||||
Beijing SuperMap Software Co. Ltd. Class A | 4,000 | 12 | ||||
Guangzhou Shiyuan Electronic Technology Co. Ltd. Class A | 1,200 | 12 | ||||
Shandong Hi-speed Co. Ltd. Class A | 14,300 | 12 | ||||
Shandong Hi-Speed Road & Bridge Co. Ltd. Class A | 10,100 | 12 | ||||
Xinhua Winshare Publishing & Media Co. Ltd. Class A | 7,700 | 12 | ||||
Bank of Changsha Co. Ltd. Class A | 10,000 | 12 |
Shares | Market Value• ($000) | |||||
Zhejiang Garden Bio-Chemical High-tech Co. Ltd. Class A | 5,500 | 12 | ||||
Mayinglong Pharmaceutical Group Co. Ltd. Class A | 3,000 | 12 | ||||
Beijing Capital Eco-Environment Protection Group Co. Ltd. Class A | 29,300 | 12 | ||||
Bear Electric Appliance Co. Ltd. Class A | 1,100 | 12 | ||||
Longhua Technology Group Luoyang Co. Ltd. Class A | 10,000 | 12 | ||||
* | Bestway Marine & Energy Technology Co. Ltd. Class A | 16,200 | 12 | |||
* | Differ Group Auto Ltd. | 488,000 | 12 | |||
Archermind Technology Nanjing Co. Ltd. Class A | 1,600 | 12 | ||||
Zhejiang Hailide New Material Co. Ltd. Class A | 12,000 | 12 | ||||
Moon Environment Technology Co. Ltd. Class A | 6,600 | 12 | ||||
Truking Technology Ltd. Class A | 4,900 | 12 | ||||
Shenzhen Fortune Trend Technology Co. Ltd. Class A | 648 | 12 | ||||
DHC Software Co. Ltd. Class A | 12,000 | 11 | ||||
* | Zhenro Properties Group Ltd. | 272,000 | 11 | |||
* | Chongqing Iron & Steel Co. Ltd. Class A | 44,000 | 11 | |||
Joincare Pharmaceutical Group Industry Co. Ltd. Class A | 5,900 | 11 | ||||
Ningbo Peacebird Fashion Co. Ltd. Class A | 3,600 | 11 | ||||
* | Jilin Electric Power Co. Ltd. Class A | 12,600 | 11 | |||
Wuhu Token Science Co. Ltd. Class A | 11,500 | 11 | ||||
Xuji Electric Co. Ltd. Class A | 3,100 | 11 | ||||
Shanghai AtHub Co. Ltd. Class A | 2,400 | 11 | ||||
Sino-Platinum Metals Co. Ltd. Class A | 4,563 | 11 | ||||
Chongqing Rural Commercial Bank Co. Ltd. Class A | 20,400 | 11 |
Shares | Market Value• ($000) | |||||
DBG Technology Co. Ltd. Class A | 7,500 | 11 | ||||
* | China Zheshang Bank Co. Ltd. Class A | 25,800 | 11 | |||
* | Shenzhen Center Power Tech Co. Ltd. Class A | 3,900 | 11 | |||
Shanghai Pret Composites Co. Ltd. Class A | 4,800 | 11 | ||||
Zhejiang Jiecang Linear Motion Technology Co. Ltd. Class A | 2,700 | 11 | ||||
* | Orient Group Inc. Class A | 32,200 | 11 | |||
Hangzhou Electronic Soul Network Technology Co. Ltd. Class A | 3,100 | 11 | ||||
Jenkem Technology Co. Ltd. Class A | 437 | 11 | ||||
Eastern Communications Co. Ltd. Class B | 24,000 | 10 | ||||
Ningbo Huaxiang Electronic Co. Ltd. Class A | 4,200 | 10 | ||||
Bluefocus Intelligent Communications Group Co. Ltd. Class A | 13,000 | 10 | ||||
Dongjiang Environmental Co. Ltd. Class A | 11,300 | 10 | ||||
Shenzhen Ysstech Info-tech Co. Ltd. Class A | 7,600 | 10 | ||||
Qingdao Eastsoft Communication Technology Co. Ltd. Class A | 4,000 | 10 | ||||
5I5J Holding Group Co. Ltd. Class A | 20,800 | 10 | ||||
Heilongjiang Agriculture Co. Ltd. Class A | 4,800 | 10 | ||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Class A | 2,100 | 10 | ||||
Bluestar Adisseo Co. Class A | 7,400 | 10 | ||||
* | Sichuan Haite High-tech Co. Ltd. Class A | 7,900 | 10 | |||
Zhongshan Broad Ocean Motor Co. Ltd. Class A | 12,700 | 10 | ||||
Shennan Circuits Co. Ltd. Class A | 900 | 10 | ||||
Sai Micro Electronics Inc. Class A | 4,500 | 10 |
Shares | Market Value• ($000) | |||||
Xinhuanet Co. Ltd. Class A | 3,600 | 10 | ||||
Shandong Xiantan Co. Ltd. Class A | 7,300 | 10 | ||||
Guangzhou Zhiguang Electric Co. Ltd. Class A | 7,900 | 10 | ||||
Quectel Wireless Solutions Co. Ltd. Class A | 621 | 10 | ||||
Zhejiang Tianyu Pharmaceutical Co. Ltd. Class A | 2,660 | 10 | ||||
Gansu Shangfeng Cement Co. Ltd. Class A | 4,920 | 10 | ||||
Monalisa Group Co. Ltd. Class A | 3,500 | 10 | ||||
Shandong Jincheng Pharmaceutical Group Co. Ltd. Class A | 2,800 | 10 | ||||
Hangzhou Dptech Technologies Co. Ltd. Class A | 4,350 | 10 | ||||
Lushang Health Industry Development Co. Ltd. Class A | 5,800 | 10 | ||||
Shenzhen Microgate Technology Co. Ltd. Class A | 7,000 | 10 | ||||
Zhongtai Securities Co. Ltd. Class A | 9,800 | 10 | ||||
Sichuan Jiuzhou Electric Co. Ltd. Class A | 9,400 | 10 | ||||
Lancy Co. Ltd. Class A | 2,300 | 10 | ||||
* | Ningxia Zhongyin Cashmere Co. Ltd. Class A | 36,600 | 10 | |||
Yibin Tianyuan Group Co. Ltd. Class A | 9,000 | 10 | ||||
People's Insurance Co. Group of China Ltd. Class A | 13,900 | 10 | ||||
Chengdu Kanghong Pharmaceutical Group Co. Ltd. Class A | 3,700 | 9 | ||||
* | RiseSun Real Estate Development Co. Ltd. Class A | 28,700 | 9 | |||
* | STO Express Co. Ltd. Class A | 6,300 | 9 | |||
FAWER Automotive Parts Co. Ltd. Class A | 12,500 | 9 | ||||
* | Guangdong Huatie Tongda High-speed Railway Equipment Corp. Class A | 14,800 | 9 | |||
Anhui Jinhe Industrial Co. Ltd. Class A | 2,000 | 9 |
Shares | Market Value• ($000) | |||||
* | Luoniushan Co. Ltd. Class A | 7,800 | 9 | |||
Sumavision Technologies Co. Ltd. Class A | 11,000 | 9 | ||||
Shanghai 2345 Network Holding Group Co. Ltd. Class A | 20,000 | 9 | ||||
Tongyu Heavy Industry Co. Ltd. Class A | 23,800 | 9 | ||||
Goldenmax International Group Ltd. Class A | 7,000 | 9 | ||||
* | Guangdong Dongfang Precision Science & Technology Co. Ltd. Class A | 13,700 | 9 | |||
* | Shanghai Runda Medical Technology Co. Ltd. Class A | 4,900 | 9 | |||
COFCO Biotechnology Co. Ltd. Class A | 7,000 | 9 | ||||
Beijing Sinnet Technology Co. Ltd. Class A | 6,100 | 9 | ||||
Anhui Truchum Advanced Materials & Technology Co. Ltd. Class A | 7,900 | 9 | ||||
* | Keshun Waterproof Technologies Co. Ltd. Class A | 4,860 | 9 | |||
Beijing Ctrowell Technology Corp. Ltd. Class A | 6,600 | 9 | ||||
Zhejiang Starry Pharmaceutical Co. Ltd. Class A | 2,800 | 9 | ||||
* | Yunnan Lincang Xinyuan Germanium Industrial Co. Ltd. Class A | 5,000 | 9 | |||
* | INKON Life Technology Co. Ltd. Class A | 5,300 | 9 | |||
* | Shanghai Junshi Biosciences Co. Ltd. Class A | 1,228 | 9 | |||
City Development Environment Co. Ltd. Class A | 5,600 | 9 | ||||
Tibet Rhodiola Pharmaceutical Holding Co. Class A | 1,200 | 9 | ||||
* | Anhui Tatfook Technology Co. Ltd. Class A | 6,000 | 9 | |||
Shanghai Fullhan Microelectronics Co. Ltd. Class A | 1,000 | 9 | ||||
Hangzhou Onechance Tech Corp. Class A | 2,000 | 9 |
Shares | Market Value• ($000) | |||||
Shanghai Bright Power Semiconductor Co. Ltd. Class A | 424 | 9 | ||||
Zhejiang Shuanghuan Driveline Co. Ltd. Class A | 2,200 | 9 | ||||
Shanghai Shibei Hi-Tech Co. Ltd. Class B | 29,400 | 8 | ||||
Shenzhen Yan Tian Port Holding Co. Ltd. Class A | 10,800 | 8 | ||||
Accelink Technologies Co. Ltd. Class A | 2,600 | 8 | ||||
* | Beijing VRV Software Corp. Ltd. Class A | 10,400 | 8 | |||
Renhe Pharmacy Co. Ltd. Class A | 8,300 | 8 | ||||
Aerospace Hi-Tech Holdings Group Ltd. Class A | 4,900 | 8 | ||||
Chongqing Zongshen Power Machinery Co. Ltd. Class A | 7,900 | 8 | ||||
Han's Laser Technology Industry Group Co. Ltd. Class A | 1,800 | 8 | ||||
Xiamen Kingdomway Group Co. Class A | 2,400 | 8 | ||||
Shanghai Zijiang Enterprise Group Co. Ltd. Class A | 10,000 | 8 | ||||
Henan Yuguang Gold & Lead Co. Ltd. Class A | 9,600 | 8 | ||||
* | Fulin Precision Co. Ltd. | 3,750 | 8 | |||
Shenzhen FRD Science & Technology Co. Ltd. | 3,300 | 8 | ||||
Anhui Huilong Agricultural Means of Production Co. Ltd. Class A | 6,100 | 8 | ||||
Shandong Head Group Co. Ltd. Class A | 2,000 | 8 | ||||
Shantui Construction Machinery Co. Ltd. Class A | 11,900 | 8 | ||||
* | Shenzhen Das Intellitech Co. Ltd. Class A | 12,700 | 7 | |||
* | Hytera Communications Corp. Ltd. Class A | 8,400 | 7 | |||
* | Suzhou Gold Mantis Construction Decoration Co. Ltd. Class A | 9,000 | 7 | |||
* | Chengzhi Co. Ltd. Class A | 4,900 | 7 | |||
Konka Group Co. Ltd. Class A | 10,500 | 7 |
Shares | Market Value• ($000) | |||||
* | Huafon Microfibre Shanghai Technology Co. Ltd. | 12,400 | 7 | |||
ADAMA Ltd. Class A | 5,000 | 7 | ||||
Zhejiang Orient Financial Holdings Group Co. Ltd. Class A | 11,700 | 7 | ||||
Gansu Qilianshan Cement Group Co. Ltd. Class A | 4,300 | 7 | ||||
* | YanTai Shuangta Food Co. Ltd. Class A | 8,100 | 7 | |||
Amoy Diagnostics Co. Ltd. Class A | 1,620 | 7 | ||||
PhiChem Corp. Class A | 2,600 | 7 | ||||
Jiaozuo Wanfang Aluminum Manufacturing Co. Ltd. Class A | 8,200 | 7 | ||||
Jin Tong Ling Technology Group Co. Ltd. Class A | 12,200 | 7 | ||||
* | Jinke Properties Group Co. Ltd. Class A | 22,100 | 6 | |||
Greenland Hong Kong Holdings Ltd. | 70,000 | 6 | ||||
BGI Genomics Co. Ltd. Class A | 800 | 6 | ||||
Shanying International Holding Co. Ltd. Class A | 15,900 | 6 | ||||
Shenzhen Kaifa Technology Co. Ltd. Class A | 3,300 | 6 | ||||
Digital China Information Service Co. Ltd. Class A | 3,500 | 6 | ||||
Electric Connector Technology Co. Ltd. Class A | 1,100 | 6 | ||||
* | YaGuang Technology Group Co. Ltd. | 6,400 | 6 | |||
Wuxi Boton Technology Co. Ltd. Class A | 2,600 | 6 | ||||
* | Client Service International Inc. Class A | 2,850 | 6 | |||
Xinzhi Group Co. Ltd. Class A | 3,000 | 6 | ||||
Beijing North Star Co. Ltd. Class H | 44,000 | 5 | ||||
*,2 | China Aoyuan Group Ltd. | 91,000 | 5 | |||
* | Yango Group Co. Ltd. Class A | 15,800 | 4 | |||
* | Zhejiang Jinke Tom Culture Industry Co. Ltd. Class A | 5,600 | 4 | |||
Skyworth Digital Co. Ltd. Class A | 1,700 | 4 |
Shares | Market Value• ($000) | |||||
Maccura Biotechnology Co. Ltd. Class A | 1,500 | 4 | ||||
Eoptolink Technology Inc. Ltd. Class A | 800 | 4 | ||||
Shenyang Xingqi Pharmaceutical Co. Ltd. Class A | 200 | 4 | ||||
Shenzhen Leaguer Co. Ltd. Class A | 3,200 | 4 | ||||
Shandong Dongyue Organosilicon Material Co. Ltd. Class A | 2,200 | 4 | ||||
Guangdong Advertising Group Co. Ltd. Class A | 5,100 | 4 | ||||
Chengdu Wintrue Holding Co. Ltd. Class A | 2,200 | 4 | ||||
* | Beijing Compass Technology Development Co. Ltd. Class A | 500 | 4 | |||
*,2 | Sunac China Holdings Ltd. | 432,000 | 3 | |||
Wuhan Fingu Electronic Technology Co. Ltd. Class A | 2,100 | 3 | ||||
BrightGene Bio-Medical Technology Co. Ltd. Class A | 889 | 3 | ||||
Foryou Corp. | 500 | 3 | ||||
*,2 | Kaisa Group Holdings Ltd. | 98,000 | 2 | |||
* | Shengda Resources Co. Ltd. Class A | 1,100 | 2 | |||
Xizi Clean Energy Equipment Manufacturing Co. Ltd. Class A | 900 | 2 | ||||
Guangdong Dowstone Technology Co. Ltd. Class A | 400 | 1 | ||||
* | Triumph New Energy Co. Ltd. Class A | 300 | 1 | |||
236,020 | ||||||
Colombia (0.0%) | ||||||
Bancolombia SA | 53,281 | 394 | ||||
Bancolombia SA Preference Shares | 56,362 | 357 | ||||
Interconexion Electrica SA ESP | 69,057 | 245 | ||||
Grupo de Inversiones Suramericana SA | 14,738 | 111 | ||||
Banco Davivienda SA Preference Shares | 19,293 | 99 |
Shares | Market Value• ($000) | |||||
Grupo Aval Acciones y Valores SA Preference Shares | 638,547 | 71 | ||||
Grupo de Inversiones Suramericana SA Preference Shares | 16,290 | 32 | ||||
1,309 | ||||||
Czech Republic (0.0%) | ||||||
Komercni Banka A/S | 18,595 | 626 | ||||
1 | Moneta Money Bank A/S | 78,199 | 298 | |||
924 | ||||||
Denmark (2.1%) | ||||||
Novo Nordisk A/S Class B | 259,058 | 36,593 | ||||
DSV A/S | 32,163 | 5,844 | ||||
Vestas Wind Systems A/S | 166,926 | 4,763 | ||||
* | Genmab A/S | 10,874 | 4,091 | |||
Coloplast A/S Class B | 23,188 | 2,679 | ||||
Novozymes A/S Class B | 34,632 | 1,668 | ||||
Pandora A/S | 16,512 | 1,564 | ||||
Chr Hansen Holding A/S | 17,676 | 1,225 | ||||
Tryg A/S | 50,238 | 1,113 | ||||
Ringkjoebing Landbobank A/S | 6,328 | 1,000 | ||||
* | Jyske Bank A/S (Registered) | 7,836 | 656 | |||
Sydbank A/S | 10,371 | 528 | ||||
GN Store Nord A/S | 24,121 | 521 | ||||
SimCorp A/S | 6,982 | 501 | ||||
* | Demant A/S | 16,237 | 486 | |||
* | Ambu A/S Class B | 29,441 | 432 | |||
* | Bavarian Nordic A/S | 11,083 | 341 | |||
D/S Norden A/S | 4,550 | 320 | ||||
Topdanmark A/S | 5,103 | 273 | ||||
* | NKT A/S | 5,763 | 267 | |||
* | ALK-Abello A/S Class B | 17,761 | 265 | |||
* | Zealand Pharma A/S | 7,656 | 244 | |||
ROCKWOOL A/S Class B | 886 | 201 | ||||
*,1 | Netcompany Group A/S | 5,066 | 176 | |||
Spar Nord Bank A/S | 9,375 | 173 | ||||
TORM plc Class A | 4,874 | 173 | ||||
H Lundbeck A/S | 38,008 | 161 | ||||
* | Chemometec A/S | 2,439 | 158 | |||
Alm Brand A/S | 75,996 | 141 | ||||
Dfds A/S | 3,398 | 139 | ||||
* | NTG Nordic Transport Group A/S | 2,231 | 105 | |||
* | Nilfisk Holding A/S | 2,878 | 53 | |||
Schouw & Co. A/S | 641 | 51 | ||||
* | H Lundbeck A/S Class A | 3,013 | 12 | |||
66,917 |
Shares | Market Value• ($000) | |||||
Egypt (0.0%) | ||||||
Commercial International Bank Egypt SAE | 333,397 | 578 | ||||
* | Egyptian Financial Group-Hermes Holding Co. | 179,578 | 121 | |||
Telecom Egypt Co. | 67,366 | 57 | ||||
* | Medinet Nasr Housing | 440,666 | 50 | |||
806 | ||||||
Finland (0.9%) | ||||||
Nordea Bank Abp | 591,091 | 7,481 | ||||
Nokia OYJ | 953,706 | 4,412 | ||||
Sampo OYJ Class A | 79,571 | 3,874 | ||||
Kone OYJ Class B | 56,407 | 2,929 | ||||
Elisa OYJ | 28,462 | 1,616 | ||||
Stora Enso OYJ | 107,536 | 1,520 | ||||
Kesko OYJ Class B | 51,601 | 1,121 | ||||
Valmet OYJ | 30,605 | 1,010 | ||||
Orion OYJ Class B | 16,723 | 788 | ||||
Huhtamaki OYJ | 11,736 | 414 | ||||
TietoEVRY OYJ | 12,691 | 403 | ||||
Kojamo OYJ | 29,350 | 388 | ||||
Cargotec OYJ Class B | 7,541 | 383 | ||||
* | QT Group OYJ | 2,828 | 209 | |||
Nokian Renkaat OYJ | 22,781 | 207 | ||||
Kemira OYJ | 9,650 | 185 | ||||
Revenio Group OYJ | 2,865 | 106 | ||||
Uponor OYJ | 5,272 | 98 | ||||
Citycon OYJ | 10,816 | 80 | ||||
Sanoma OYJ | 8,012 | 75 | ||||
Tokmanni Group Corp. | 4,773 | 68 | ||||
* | F-Secure OYJ | 15,991 | 56 | |||
1 | Terveystalo OYJ | 6,050 | 46 | |||
* | Finnair OYJ | 62,177 | 37 | |||
*,2 | Ahlstrom-Munksjo OYJ | 884 | 17 | |||
Raisio OYJ | 4,240 | 12 | ||||
YIT OYJ | 3,951 | 11 | ||||
Oriola OYJ Class B | 4,424 | 7 | ||||
27,553 | ||||||
France (4.6%) | ||||||
Sanofi | 180,134 | 16,842 | ||||
L'Oreal SA | 34,178 | 13,509 | ||||
BNP Paribas SA | 175,813 | 12,291 | ||||
AXA SA | 300,726 | 9,476 | ||||
Hermes International | 5,075 | 9,186 | ||||
EssilorLuxottica SA | 48,572 | 8,420 | ||||
Kering SA | 11,975 | 7,021 | ||||
Danone SA | 97,707 | 5,492 | ||||
STMicroelectronics NV | 107,709 | 5,159 | ||||
Legrand SA | 47,472 | 4,385 | ||||
Cie Generale des Etablissements Michelin SCA | 119,375 | 3,750 | ||||
Societe Generale SA | 128,433 | 3,701 |
Shares | Market Value• ($000) | |||||
Orange SA | 292,492 | 3,339 | ||||
Publicis Groupe SA | 41,139 | 3,266 | ||||
Teleperformance | 9,837 | 2,554 | ||||
Edenred | 43,891 | 2,470 | ||||
* | L'Oreal SA | 6,233 | 2,464 | |||
Credit Agricole SA | 188,236 | 2,294 | ||||
Carrefour SA | 108,835 | 2,152 | ||||
*,1 | Worldline SA | 41,403 | 1,725 | |||
* | Renault SA | 34,358 | 1,538 | |||
Eurofins Scientific SE | 20,228 | 1,410 | ||||
Vivendi SE | 133,512 | 1,374 | ||||
Sodexo SA | 14,709 | 1,362 | ||||
Arkema SA | 13,377 | 1,356 | ||||
Gecina SA | 11,321 | 1,303 | ||||
Sartorius Stedim Biotech | 3,878 | 1,263 | ||||
* | Rexel SA | 49,972 | 1,242 | |||
Getlink SE | 73,459 | 1,234 | ||||
* | Accor SA | 30,535 | 1,013 | |||
Wendel SE | 8,894 | 1,009 | ||||
Valeo | 47,427 | 985 | ||||
* | Klepierre SA | 38,283 | 955 | |||
Elis SA | 50,818 | 911 | ||||
* | Aeroports de Paris | 5,128 | 743 | |||
SCOR SE | 29,077 | 714 | ||||
Covivio | 10,249 | 656 | ||||
Ipsen SA | 5,567 | 636 | ||||
* | SOITEC | 4,185 | 623 | |||
Eurazeo SE | 9,258 | 623 | ||||
BioMerieux | 6,208 | 608 | ||||
1 | Amundi SA | 8,867 | 583 | |||
SES SA Class A ADR | 80,479 | 543 | ||||
SEB SA | 4,575 | 527 | ||||
* | Faurecia SE | 21,311 | 465 | |||
* | Ubisoft Entertainment SA | 16,123 | 354 | |||
1 | Verallia SA | 8,511 | 343 | |||
* | Air France-KLM | 176,482 | 329 | |||
Rubis SCA | 11,229 | 310 | ||||
Sopra Steria Group SACA | 1,530 | 302 | ||||
IPSOS | 4,466 | 274 | ||||
* | Eurazeo SE | 3,775 | 254 | |||
1 | Neoen SA | 6,377 | 229 | |||
* | JCDecaux SE | 8,887 | 203 | |||
Societe BIC SA | 3,005 | 194 | ||||
Coface SA | 12,613 | 186 | ||||
Virbac SA | 618 | 185 | ||||
Eutelsat Communications SA | 26,152 | 183 | ||||
Sodexo SA French Loyalty Line | 1,731 | 160 | ||||
Trigano SA | 1,174 | 157 | ||||
Peugeot Invest | 1,412 | 154 | ||||
1 | ALD SA | 11,514 | 153 | |||
Imerys SA | 3,432 | 152 |
Shares | Market Value• ($000) | |||||
ICADE | 2,868 | 144 | ||||
Rothschild & Co. | 2,860 | 143 | ||||
Lagardere SA | 6,228 | 141 | ||||
Nexity SA | 5,129 | 136 | ||||
Metropole Television SA | 8,254 | 123 | ||||
* | Carmila SA | 7,818 | 117 | |||
Cie Plastic Omnium SA | 6,334 | 114 | ||||
* | Euroapi SA | 6,766 | 111 | |||
Interparfums SA | 1,619 | 108 | ||||
* | SES-imagotag SA | 718 | 91 | |||
Antin Infrastructure Partners SA | 4,064 | 89 | ||||
Cie de L'Odet SE | 58 | 88 | ||||
* | Valneva SE | 15,268 | 88 | |||
* | ID Logistics Group | 256 | 82 | |||
Mercialys SA | 6,355 | 71 | ||||
Korian SA | 8,211 | 67 | ||||
* | Faurecia SE | 2,833 | 62 | |||
*,1 | Elior Group SA | 15,833 | 60 | |||
* | OVH Groupe SAS | 4,002 | 60 | |||
Derichebourg SA | 9,125 | 59 | ||||
Television Francaise 1 | 7,087 | 57 | ||||
Beneteau SA | 3,157 | 56 | ||||
1 | Maisons du Monde SA | 4,411 | 53 | |||
* | Voltalia SA (Registered) | 2,715 | 51 | |||
* | Casino Guichard Perrachon SA | 4,805 | 49 | |||
Quadient SA | 2,243 | 39 | ||||
Fnac Darty SA | 989 | 38 | ||||
Vetoquinol SA | 410 | 35 | ||||
Bonduelle SCA | 2,165 | 30 | ||||
* | Solutions 30 SE | 12,386 | 30 | |||
Manitou BF SA | 983 | 28 | ||||
*,1 | X-Fab Silicon Foundries SE | 2,926 | 28 | |||
*,1 | SMCP SA | 3,555 | 28 | |||
* | Believe SA | 2,144 | 26 | |||
AKWEL | 1,283 | 22 | ||||
Guerbet | 774 | 16 | ||||
* | GL Events | 718 | 15 | |||
Altarea SCA | 93 | 13 | ||||
Jacquet Metals SACA | 618 | 13 | ||||
Equasens | 152 | 13 | ||||
* | Lisi SA | 498 | 13 | |||
Vicat SA | 393 | 12 | ||||
*,1 | Aramis Group SAS | 2,503 | 10 | |||
Vilmorin & Cie SA | 169 | 9 | ||||
LISI (XPAR) | 263 | 7 | ||||
* | Tarkett SA | 445 | 6 | |||
Boiron SA | 65 | 3 | ||||
* | LISI | 113 | 3 | |||
149,951 | ||||||
Germany (5.6%) | ||||||
SAP SE | 182,129 | 20,692 | ||||
Allianz SE (Registered) | 66,212 | 15,547 |
Shares | Market Value• ($000) | |||||
Deutsche Telekom AG (Registered) | 546,951 | 12,275 | ||||
Mercedes-Benz Group AG | 138,283 | 10,598 | ||||
Bayer AG (Registered) | 163,690 | 9,720 | ||||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered) | 22,768 | 7,843 | ||||
Infineon Technologies AG | 218,312 | 7,723 | ||||
Deutsche Post AG (Registered) | 166,128 | 7,026 | ||||
Deutsche Boerse AG | 30,048 | 5,240 | ||||
Deutsche Bank AG (Registered) | 344,053 | 4,289 | ||||
adidas AG | 28,457 | 4,250 | ||||
Merck KGaA | 22,064 | 4,181 | ||||
Bayerische Motoren Werke AG Preference Shares | 41,968 | 3,975 | ||||
Vonovia SE | 121,439 | 3,054 | ||||
Symrise AG Class A | 23,009 | 2,351 | ||||
1 | Siemens Healthineers AG | 44,690 | 2,332 | |||
Bayerische Motoren Werke AG | 21,957 | 2,265 | ||||
* | Daimler Truck Holding AG | 70,735 | 2,240 | |||
* | Commerzbank AG | 181,482 | 2,211 | |||
Beiersdorf AG | 18,488 | 2,206 | ||||
Brenntag SE | 28,396 | 2,139 | ||||
Hannover Rueck SE | 10,949 | 2,126 | ||||
HeidelbergCement AG | 29,041 | 1,994 | ||||
Fresenius SE & Co. KGaA | 71,364 | 1,964 | ||||
Sartorius AG Preference Shares | 4,595 | 1,952 | ||||
* | QIAGEN NV | 40,368 | 1,858 | |||
Henkel AG & Co. KGaA | 25,987 | 1,797 | ||||
GEA Group AG | 35,199 | 1,547 | ||||
*,1 | Zalando SE | 38,197 | 1,513 | |||
Continental AG | 20,208 | 1,451 | ||||
1 | Covestro AG | 32,486 | 1,428 | |||
*,3 | Siemens Energy AG | 70,722 | 1,417 | |||
Fresenius Medical Care AG & Co. KGaA | 36,178 | 1,414 | ||||
*,1 | Delivery Hero SE | 31,786 | 1,277 | |||
Henkel AG & Co. KGaA Preference Shares | 17,429 | 1,268 | ||||
Puma SE | 19,808 | 1,261 | ||||
* | Deutsche Lufthansa AG (Registered) | 98,603 | 1,022 | |||
HUGO BOSS AG | 14,567 | 996 | ||||
LEG Immobilien SE | 13,714 | 993 | ||||
1 | Scout24 SE | 15,760 | 864 | |||
Freenet AG | 34,206 | 853 |
Shares | Market Value• ($000) | |||||
LANXESS AG | 17,830 | 830 | ||||
K+S AG (Registered) | 34,438 | 817 | ||||
Carl Zeiss Meditec AG | 6,008 | 801 | ||||
FUCHS PETROLUB SE | 22,181 | 726 | ||||
* | HelloFresh SE | 28,551 | 640 | |||
Knorr-Bremse AG | 9,012 | 612 | ||||
Bechtle AG | 14,306 | 602 | ||||
United Internet AG (Registered) | 26,023 | 569 | ||||
KION Group AG | 14,232 | 557 | ||||
AIXTRON SE | 17,376 | 533 | ||||
Nemetschek SE | 9,212 | 522 | ||||
Evonik Industries AG | 24,110 | 515 | ||||
Aurubis AG | 5,201 | 509 | ||||
ProSiebenSat.1 Media SE | 48,298 | 481 | ||||
* | Evotec SE | 26,483 | 475 | |||
Rational AG | 688 | 456 | ||||
Gerresheimer AG | 4,761 | 418 | ||||
* | Vantage Towers AG | 11,327 | 391 | |||
*,1 | TeamViewer AG | 23,310 | 376 | |||
Stabilus SE | 5,198 | 351 | ||||
Aroundtown SA | 132,750 | 344 | ||||
Wacker Chemie AG | 2,187 | 343 | ||||
Encavis AG | 17,519 | 342 | ||||
Telefonica Deutschland Holding AG | 106,007 | 322 | ||||
Sixt SE Preference Shares | 3,840 | 311 | ||||
* | Nordex SE | 20,001 | 301 | |||
1 | Befesa SA | 5,426 | 283 | |||
Hella GmbH & Co. KGaA | 3,181 | 272 | ||||
* | Aareal Bank AG (XETR) | 6,893 | 236 | |||
Talanx AG | 4,915 | 235 | ||||
Duerr AG | 6,194 | 233 | ||||
* | Fraport AG Frankfurt Airport Services Worldwide | 4,238 | 229 | |||
CANCOM SE | 6,192 | 217 | ||||
PNE AG | 12,430 | 210 | ||||
Salzgitter AG | 4,814 | 202 | ||||
Krones AG | 1,648 | 201 | ||||
CompuGroup Medical SE & Co. KGaA | 3,988 | 189 | ||||
Suedzucker AG | 11,076 | 188 | ||||
TAG Immobilien AG | 23,320 | 185 | ||||
Jenoptik AG | 5,289 | 183 | ||||
Sixt SE | 1,331 | 180 | ||||
* | Vitesco Technologies Group AG | 2,530 | 176 | |||
Siltronic AG | 2,192 | 160 | ||||
Software AG | 7,983 | 158 | ||||
Stroeer SE & Co. KGaA | 2,800 | 157 | ||||
Pfeiffer Vacuum Technology AG | 944 | 156 | ||||
Kontron AG | 7,644 | 153 |
Shares | Market Value• ($000) | |||||
VERBIO Vereinigte BioEnergie AG | 3,048 | 153 | ||||
Deutsche Wohnen SE | 6,329 | 143 | ||||
GRENKE AG | 4,528 | 141 | ||||
Eckert & Ziegler Strahlen- und Medizintechnik AG | 2,398 | 136 | ||||
1 | Deutsche Pfandbriefbank AG | 13,314 | 132 | |||
RTL Group SA | 2,634 | 127 | ||||
* | METRO AG | 13,995 | 126 | |||
Fielmann AG | 3,222 | 114 | ||||
* | Nagarro SE | 1,094 | 112 | |||
* | SUSE SA | 5,675 | 112 | |||
*,1 | Auto1 Group SE | 14,476 | 110 | |||
* | Hypoport SE | 693 | 105 | |||
Grand City Properties SA | 10,076 | 103 | ||||
Synlab AG | 13,286 | 98 | ||||
* | MorphoSys AG | 5,355 | 97 | |||
* | flatexDEGIRO AG | 10,964 | 93 | |||
* | SMA Solar Technology AG | 1,165 | 91 | |||
Wacker Neuson SE | 3,980 | 84 | ||||
Norma Group SE | 3,000 | 81 | ||||
GFT Technologies SE | 1,903 | 81 | ||||
STRATEC SE | 976 | 79 | ||||
Atoss Software AG | 423 | 73 | ||||
Energiekontor AG | 948 | 68 | ||||
Vantage Towers AG (XETR) | 1,855 | 67 | ||||
Adesso SE | 385 | 62 | ||||
Dermapharm Holding SE | 1,494 | 61 | ||||
* | CECONOMY AG | 22,876 | 60 | |||
Vossloh AG | 1,407 | 60 | ||||
3 | Varta AG | 1,838 | 55 | |||
Hornbach Holding AG & Co. KGaA | 649 | 54 | ||||
*,1 | Shop Apotheke Europe NV | 713 | 52 | |||
1 | Instone Real Estate Group SE | 5,402 | 51 | |||
Basler AG | 1,584 | 48 | ||||
1 | DWS Group GmbH & Co. KGaA | 1,444 | 47 | |||
Takkt AG | 2,938 | 44 | ||||
Secunet Security Networks AG | 181 | 44 | ||||
1&1 AG | 3,146 | 38 | ||||
PATRIZIA SE | 3,200 | 37 | ||||
New Work SE | 201 | 34 | ||||
Deutz AG | 5,356 | 33 | ||||
BayWa AG | 684 | 31 | ||||
CropEnergies AG | 2,432 | 30 | ||||
Draegerwerk AG & Co. KGaA | 685 | 27 |
Shares | Market Value• ($000) | |||||
* | Deutsche Beteiligungs AG | 832 | 27 | |||
KWS Saat SE & Co. KGaA | 396 | 26 | ||||
*,1 | ADLER Group SA | 23,524 | 25 | |||
* | About You Holding SE | 4,154 | 23 | |||
* | Aareal Bank AG | 600 | 21 | |||
Deutsche EuroShop AG | 797 | 18 | ||||
Washtec AG | 418 | 17 | ||||
DIC Asset AG | 1,490 | 14 | ||||
ElringKlinger AG | 1,438 | 13 | ||||
Draegerwerk AG & Co. KGaA Preference Shares | 235 | 10 | ||||
* | Global Fashion Group SA | 7,576 | 9 | |||
FUCHS PETROLUB SE Preference Shares | 203 | 8 | ||||
Wuestenrot & Wuerttembergische AG | 318 | 6 | ||||
Hamburger Hafen und Logistik AG | 346 | 5 | ||||
182,115 | ||||||
Greece (0.1%) | ||||||
* | Eurobank Ergasias Services & Holdings SA | 572,180 | 877 | |||
Hellenic Telecommunications Organization SA | 42,026 | 645 | ||||
* | Alpha Services & Holdings SA | 356,695 | 558 | |||
* | National Bank of Greece SA | 72,014 | 403 | |||
* | Piraeus Financial Holdings SA | 137,330 | 348 | |||
JUMBO SA | 11,450 | 229 | ||||
Fourlis Holdings SA | 41,902 | 173 | ||||
Terna Energy SA | 5,096 | 106 | ||||
* | Aegean Airlines SA | 11,894 | 96 | |||
Hellenic Exchanges - Athens Stock Exchange SA | 17,518 | 81 | ||||
Autohellas Tourist & Trading SA | 2,922 | 38 | ||||
Sarantis SA | 4,643 | 36 | ||||
* | Ellaktor SA | 13,171 | 31 | |||
Holding Co. ADMIE IPTO SA | 12,993 | 26 | ||||
Viohalco SA | 4,507 | 22 | ||||
* | GEK Terna Holding Real Estate Construction SA | 1,145 | 14 | |||
Quest Holdings SA | 2,608 | 14 | ||||
* | LAMDA Development SA | 930 | 7 | |||
3,704 |
Shares | Market Value• ($000) | |||||
Hong Kong (1.9%) | ||||||
AIA Group Ltd. | 1,995,800 | 21,211 | ||||
Hong Kong Exchanges & Clearing Ltd. | 214,100 | 8,575 | ||||
Sun Hung Kai Properties Ltd. | 258,000 | 3,526 | ||||
Link REIT | 366,100 | 2,409 | ||||
Techtronic Industries Co. Ltd. | 227,500 | 2,266 | ||||
BOC Hong Kong Holdings Ltd. | 643,000 | 2,176 | ||||
Hang Seng Bank Ltd. | 131,400 | 2,137 | ||||
Wharf Real Estate Investment Co. Ltd. | 290,000 | 1,590 | ||||
Lenovo Group Ltd. | 1,466,000 | 1,319 | ||||
MTR Corp. Ltd. | 193,500 | 975 | ||||
Sino Land Co. Ltd. | 732,000 | 939 | ||||
1 | WH Group Ltd. | 1,548,592 | 901 | |||
Hongkong Land Holdings Ltd. | 176,800 | 809 | ||||
Hang Lung Properties Ltd. | 367,000 | 708 | ||||
Henderson Land Development Co. Ltd. | 175,400 | 616 | ||||
1 | ESR Group Ltd. | 343,400 | 584 | |||
Want Want China Holdings Ltd. | 897,000 | 564 | ||||
*,1 | Samsonite International SA | 200,400 | 562 | |||
Swire Properties Ltd. | 208,600 | 549 | ||||
Hysan Development Co. Ltd. | 169,000 | 535 | ||||
Chow Tai Fook Jewellery Group Ltd. | 275,000 | 533 | ||||
SITC International Holdings Co. Ltd. | 255,000 | 533 | ||||
PRADA SpA | 77,800 | 527 | ||||
PCCW Ltd. | 1,051,590 | 523 | ||||
Swire Pacific Ltd. Class B | 397,500 | 503 | ||||
ASMPT Ltd. | 53,800 | 459 | ||||
Swire Pacific Ltd. Class A | 53,000 | 433 | ||||
Wharf Holdings Ltd. | 164,000 | 363 | ||||
Bank of East Asia Ltd. | 236,800 | 335 | ||||
* | AAC Technologies Holdings Inc. | 144,000 | 322 | |||
Orient Overseas International Ltd. | 19,500 | 313 | ||||
Pacific Basin Shipping Ltd. | 701,000 | 254 | ||||
Vitasoy International Holdings Ltd. | 120,000 | 246 | ||||
1 | BOC Aviation Ltd. | 26,500 | 191 | |||
Fortune REIT | 220,000 | 186 | ||||
L'Occitane International SA | 72,000 | 172 |
Shares | Market Value• ($000) | |||||
1 | JS Global Lifestyle Co. Ltd. | 176,000 | 167 | |||
Luk Fook Holdings International Ltd. | 49,180 | 157 | ||||
Kerry Properties Ltd. | 52,500 | 131 | ||||
* | Vobile Group Ltd. | 247,000 | 120 | |||
Yue Yuen Industrial Holdings Ltd. | 79,500 | 118 | ||||
Hong Kong Technology Venture Co. Ltd. | 148,000 | 109 | ||||
* | Shangri-La Asia Ltd. | 112,000 | 107 | |||
* | Cowell e Holdings Inc. | 58,000 | 104 | |||
DFI Retail Group Holdings Ltd. | 31,500 | 102 | ||||
First Pacific Co. Ltd. | 304,000 | 102 | ||||
* | MMG Ltd. | 360,000 | 102 | |||
Giordano International Ltd. | 420,000 | 102 | ||||
*,1 | Sirnaomics Ltd. | 11,950 | 94 | |||
* | Cathay Pacific Airways Ltd. | 92,181 | 91 | |||
Nexteer Automotive Group Ltd. | 142,000 | 90 | ||||
* | China Travel International Investment Hong Kong Ltd. | 412,000 | 82 | |||
* | IGG Inc. | 219,000 | 80 | |||
* | Theme International Holdings Ltd. | 770,000 | 79 | |||
LK Technology Holdings Ltd. | 57,500 | 78 | ||||
Hang Lung Group Ltd. | 41,000 | 75 | ||||
VTech Holdings Ltd. | 13,600 | 75 | ||||
*,1 | Hua Medicine | 133,000 | 69 | |||
* | Link REIT Rights Exp. 3/21/23 | 73,220 | 69 | |||
*,1 | Jacobio Pharmaceuticals Group Co. Ltd. | 60,900 | 68 | |||
Kerry Logistics Network Ltd. | 39,500 | 65 | ||||
Cafe de Coral Holdings Ltd. | 40,000 | 62 | ||||
Dah Sing Financial Holdings Ltd. | 22,000 | 59 | ||||
*,1 | FIT Hon Teng Ltd. | 221,000 | 59 | |||
Johnson Electric Holdings Ltd. | 48,500 | 56 | ||||
Champion REIT | 114,000 | 51 | ||||
* | Realord Group Holdings Ltd. | 64,000 | 51 | |||
HKBN Ltd. | 70,000 | 50 | ||||
Dah Sing Banking Group Ltd. | 58,800 | 48 | ||||
*,1 | Fosun Tourism Group | 36,400 | 48 |
Shares | Market Value• ($000) | |||||
Chow Sang Sang Holdings International Ltd. | 35,000 | 45 | ||||
Stella International Holdings Ltd. | 46,000 | 45 | ||||
SmarTone Telecommunications Holdings Ltd. | 65,000 | 43 | ||||
Beijing Tong Ren Tang Chinese Medicine Co. Ltd. | 27,000 | 42 | ||||
Texhong International Group Ltd. | 49,000 | 42 | ||||
Far East Consortium International Ltd. | 168,000 | 39 | ||||
* | Shun Tak Holdings Ltd. | 180,000 | 36 | |||
Hutchison Telecommunications Hong Kong Holdings Ltd. | 202,000 | 35 | ||||
* | Super Hi International Holding Ltd. | 15,500 | 35 | |||
* | Esprit Holdings Ltd. | 357,471 | 34 | |||
Prosperity REIT | 113,000 | 34 | ||||
*,1 | Everest Medicines Ltd. | 15,500 | 34 | |||
CMBC Capital Holdings Ltd. | 164,250 | 34 | ||||
Truly International Holdings Ltd. | 234,000 | 33 | ||||
Vesync Co. Ltd. | 64,000 | 33 | ||||
* | C-Mer Eye Care Holdings Ltd. | 52,000 | 31 | |||
VSTECS Holdings Ltd. | 52,000 | 30 | ||||
EC Healthcare | 31,000 | 30 | ||||
1 | IMAX China Holding Inc. | 24,100 | 28 | |||
*,1 | Antengene Corp. Ltd. | 55,500 | 28 | |||
*,1 | Frontage Holdings Corp. | 82,000 | 27 | |||
Powerlong Commercial Management Holdings Ltd. | 37,000 | 27 | ||||
* | Sa Sa International Holdings Ltd. | 106,000 | 25 | |||
Asia Cement China Holdings Corp. | 49,500 | 25 | ||||
Value Partners Group Ltd. | 62,000 | 22 | ||||
*,1 | JW Cayman Therapeutics Co. Ltd. | 37,500 | 21 | |||
* | Chinese Estates Holdings Ltd. | 63,500 | 20 | |||
SUNeVision Holdings Ltd. | 33,000 | 19 | ||||
Singamas Container Holdings Ltd. | 216,000 | 19 | ||||
* | Apollo Future Mobility Group Ltd. | 864,000 | 18 | |||
Texwinca Holdings Ltd. | 96,000 | 16 |
Shares | Market Value• ($000) | |||||
United Laboratories International Holdings Ltd. | 24,000 | 14 | ||||
1 | Crystal International Group Ltd. | 45,000 | 13 | |||
* | Haitong International Securities Group Ltd. | 111,100 | 11 | |||
K Wah International Holdings Ltd. | 26,000 | 9 | ||||
* | Glory Sun Financial Group Ltd. | 168,000 | 8 | |||
* | Digital Domain Holdings Ltd. | 191,000 | 6 | |||
Sun Hung Kai & Co. Ltd. | 11,000 | 4 | ||||
CITIC Telecom International Holdings Ltd. | 12,000 | 4 | ||||
Guotai Junan International Holdings Ltd. | 25,000 | 2 | ||||
*,2 | MH Development Ltd. | 6,000 | — | |||
62,785 | ||||||
Hungary (0.1%) | ||||||
OTP Bank Nyrt. | 40,291 | 1,220 | ||||
Richter Gedeon Nyrt. | 27,291 | 572 | ||||
Magyar Telekom Telecommunications plc | 55,008 | 60 | ||||
* | Opus Global Nyrt. | 18,991 | 7 | |||
1,859 | ||||||
Iceland (0.0%) | ||||||
1 | Arion Banki HF | 62,467 | 66 | |||
Sjova-Almennar Tryggingar hf | 152,709 | 37 | ||||
Vatryggingafelag Islands Hf | 226,296 | 30 | ||||
* | Origo HF | 23,042 | 16 | |||
149 | ||||||
India (3.8%) | ||||||
Infosys Ltd. | 586,513 | 10,535 | ||||
Housing Development Finance Corp. Ltd. | 287,020 | 9,048 | ||||
Hindustan Unilever Ltd. | 146,025 | 4,343 | ||||
Axis Bank Ltd. | 371,086 | 3,785 | ||||
Bharti Airtel Ltd. | 358,533 | 3,217 | ||||
Bajaj Finance Ltd. | 38,598 | 2,850 | ||||
ICICI Bank Ltd. | 248,412 | 2,570 | ||||
Asian Paints Ltd. | 73,398 | 2,509 | ||||
HCL Technologies Ltd. | 175,865 | 2,290 | ||||
Maruti Suzuki India Ltd. | 21,967 | 2,289 | ||||
Sun Pharmaceutical Industries Ltd. | 173,709 | 2,009 | ||||
Titan Co. Ltd. | 68,325 | 1,960 | ||||
State Bank of India | 281,305 | 1,777 | ||||
UltraTech Cement Ltd. | 18,029 | 1,582 |
Shares | Market Value• ($000) | |||||
Power Grid Corp. of India Ltd. | 510,538 | 1,371 | ||||
Nestle India Ltd. | 5,631 | 1,271 | ||||
Grasim Industries Ltd. | 58,872 | 1,123 | ||||
Britannia Industries Ltd. | 19,089 | 1,030 | ||||
Dr Reddy's Laboratories Ltd. | 18,885 | 984 | ||||
*,1 | Avenue Supermarts Ltd. | 23,805 | 983 | |||
Bajaj Finserv Ltd. | 59,940 | 967 | ||||
1 | HDFC Life Insurance Co. Ltd. | 161,528 | 954 | |||
Adani Ports & Special Economic Zone Ltd. | 132,883 | 951 | ||||
1 | SBI Life Insurance Co. Ltd. | 68,385 | 926 | |||
Wipro Ltd. | 194,853 | 911 | ||||
Cipla Ltd. | 79,944 | 876 | ||||
Apollo Hospitals Enterprise Ltd. | 15,960 | 849 | ||||
Eicher Motors Ltd. | 22,603 | 848 | ||||
Tata Consumer Products Ltd. | 94,053 | 813 | ||||
Divi's Laboratories Ltd. | 21,133 | 722 | ||||
UPL Ltd. | 79,752 | 669 | ||||
* | Godrej Consumer Products Ltd. | 58,149 | 649 | |||
Pidilite Industries Ltd. | 23,176 | 644 | ||||
Hero MotoCorp Ltd. | 21,439 | 627 | ||||
* | Max Healthcare Institute Ltd. | 119,366 | 615 | |||
SRF Ltd. | 23,167 | 607 | ||||
Shriram Finance Ltd. | 41,571 | 604 | ||||
Dabur India Ltd. | 91,286 | 588 | ||||
Cholamandalam Investment & Finance Co. Ltd. | 63,516 | 581 | ||||
1 | ICICI Lombard General Insurance Co. Ltd. | 39,834 | 531 | |||
Havells India Ltd. | 36,632 | 530 | ||||
* | Marico Ltd. | 89,032 | 529 | |||
Tube Investments of India Ltd. | 15,724 | 527 | ||||
Varun Beverages Ltd. | 32,218 | 507 | ||||
Info Edge India Ltd. | 11,838 | 500 | ||||
Bajaj Auto Ltd. | 11,215 | 496 | ||||
Indian Hotels Co. Ltd. Class A | 128,150 | 481 | ||||
Trent Ltd. | 30,132 | 466 | ||||
* | Zomato Ltd. | 711,818 | 460 | |||
Ambuja Cements Ltd. | 106,922 | 442 | ||||
Page Industries Ltd. | 956 | 439 | ||||
Persistent Systems Ltd. | 7,533 | 436 | ||||
Voltas Ltd. | 40,053 | 432 | ||||
TVS Motor Co. Ltd. | 32,130 | 420 | ||||
PI Industries Ltd. | 11,111 | 416 | ||||
* | Yes Bank Ltd. | 1,971,594 | 416 |
Shares | Market Value• ($000) | |||||
* | CG Power & Industrial Solutions Ltd. | 111,728 | 412 | |||
Embassy Office Parks REIT | 111,182 | 410 | ||||
Tata Elxsi Ltd. | 5,517 | 409 | ||||
*,1 | InterGlobe Aviation Ltd. | 18,183 | 408 | |||
* | Adani Green Energy Ltd. | 67,460 | 395 | |||
Mphasis Ltd. | 15,941 | 392 | ||||
APL Apollo Tubes Ltd. | 27,072 | 389 | ||||
SBI Cards & Payment Services Ltd. | 42,716 | 388 | ||||
Colgate-Palmolive India Ltd. | 21,308 | 380 | ||||
Adani Total Gas Ltd. | 45,099 | 370 | ||||
1 | AU Small Finance Bank Ltd. | 51,289 | 368 | |||
Coforge Ltd. | 6,953 | 361 | ||||
Indus Towers Ltd. | 174,247 | 360 | ||||
Ashok Leyland Ltd. | 203,119 | 357 | ||||
Indian Railway Catering & Tourism Corp. Ltd. | 47,910 | 353 | ||||
Federal Bank Ltd. | 224,781 | 351 | ||||
* | IDFC First Bank Ltd. | 520,672 | 347 | |||
*,1 | Bandhan Bank Ltd. | 124,169 | 346 | |||
Indraprastha Gas Ltd. | 64,138 | 340 | ||||
Supreme Industries Ltd. | 10,002 | 334 | ||||
Crompton Greaves Consumer Electricals Ltd. | 90,905 | 334 | ||||
* | Max Financial Services Ltd. | 39,681 | 332 | |||
DLF Ltd. | 77,798 | 331 | ||||
IIFL Finance Ltd. | 63,815 | 330 | ||||
Balkrishna Industries Ltd. | 13,507 | 329 | ||||
Jubilant Foodworks Ltd. | 59,920 | 319 | ||||
Samvardhana Motherson International Ltd. | 325,624 | 313 | ||||
1 | ICICI Prudential Life Insurance Co. Ltd. | 63,255 | 313 | |||
Bank of Baroda | 159,347 | 306 | ||||
Astral Ltd. | 13,364 | 305 | ||||
Bajaj Holdings & Investment Ltd. | 3,984 | 301 | ||||
KPIT Technologies Ltd. | 29,253 | 293 | ||||
Lupin Ltd. | 36,696 | 292 | ||||
Power Finance Corp. Ltd. | 162,323 | 285 | ||||
ACC Ltd. | 13,561 | 284 | ||||
Zee Entertainment Enterprises Ltd. Class B | 119,688 | 283 | ||||
Dalmia Bharat Ltd. | 12,429 | 276 | ||||
Blue Star Ltd. | 15,831 | 275 | ||||
Mahindra & Mahindra Financial Services Ltd. | 90,184 | 274 |
Shares | Market Value• ($000) | |||||
Berger Paints India Ltd. | 39,014 | 273 | ||||
Schaeffler India Ltd. | 7,534 | 272 | ||||
Carborundum Universal Ltd. | 22,595 | 267 | ||||
Tata Chemicals Ltd. | 22,342 | 263 | ||||
Tata Communications Ltd. | 17,870 | 261 | ||||
Navin Fluorine International Ltd. | 5,160 | 258 | ||||
* | Fortis Healthcare Ltd. | 78,951 | 255 | |||
Polycab India Ltd. | 6,751 | 251 | ||||
Deepak Nitrite Ltd. | 11,462 | 249 | ||||
KEI Industries Ltd. | 12,607 | 248 | ||||
Bosch Ltd. | 1,084 | 236 | ||||
1 | HDFC Asset Management Co. Ltd. | 10,750 | 235 | |||
AIA Engineering Ltd. | 7,314 | 234 | ||||
Bharti Airtel Ltd. | 52,586 | 230 | ||||
Torrent Pharmaceuticals Ltd. | 12,902 | 228 | ||||
NMDC Ltd. | 169,286 | 227 | ||||
LIC Housing Finance Ltd. | 53,107 | 225 | ||||
Aurobindo Pharma Ltd. | 40,137 | 225 | ||||
1 | Laurus Labs Ltd. | 58,314 | 222 | |||
Zydus Lifesciences Ltd. | 37,093 | 209 | ||||
REC Ltd. | 150,230 | 208 | ||||
Atul Ltd. | 2,438 | 207 | ||||
1 | Indian Energy Exchange Ltd. | 117,560 | 205 | |||
Redington Ltd. | 99,304 | 204 | ||||
Finolex Industries Ltd. | 99,725 | 204 | ||||
Gujarat Fluorochemicals Ltd. | 5,345 | 203 | ||||
Coromandel International Ltd. | 18,638 | 202 | ||||
Biocon Ltd. | 72,396 | 201 | ||||
Gujarat Gas Ltd. | 32,791 | 200 | ||||
Ipca Laboratories Ltd. | 20,194 | 197 | ||||
Aarti Industries Ltd. | 30,604 | 196 | ||||
City Union Bank Ltd. | 116,325 | 195 | ||||
IDFC Ltd. | 209,109 | 192 | ||||
Can Fin Homes Ltd. | 27,624 | 192 | ||||
Elgi Equipments Ltd. | 33,761 | 191 | ||||
Amara Raja Batteries Ltd. | 28,315 | 190 | ||||
Apollo Tyres Ltd. | 49,363 | 187 | ||||
SKF India Ltd. | 3,474 | 187 | ||||
Sundram Fasteners Ltd. | 15,668 | 186 | ||||
��* | PVR Ltd. | 10,128 | 186 | |||
Kajaria Ceramics Ltd. | 14,110 | 183 | ||||
Dixon Technologies India Ltd. | 5,245 | 183 | ||||
*,1 | RBL Bank Ltd. | 96,422 | 182 | |||
* | Equitas Holdings Ltd. | 89,466 | 179 | |||
Rajesh Exports Ltd. | 22,377 | 178 | ||||
Muthoot Finance Ltd. | 15,165 | 178 |
Shares | Market Value• ($000) | |||||
Oberoi Realty Ltd. | 17,079 | 177 | ||||
1 | Mindspace Business Parks REIT | 50,203 | 177 | |||
Phoenix Mills Ltd. | 10,508 | 176 | ||||
Emami Ltd. | 36,251 | 175 | ||||
Piramal Enterprises Ltd. | 18,819 | 175 | ||||
IRB Infrastructure Developers Ltd. | 491,950 | 174 | ||||
*,1 | Macrotech Developers Ltd. | 17,457 | 173 | |||
Grindwell Norton Ltd. | 7,784 | 170 | ||||
Suven Pharmaceuticals Ltd. | 29,059 | 169 | ||||
Canara Bank | 48,953 | 165 | ||||
Gillette India Ltd. | 2,892 | 163 | ||||
Prestige Estates Projects Ltd. | 33,210 | 163 | ||||
Brigade Enterprises Ltd. | 27,656 | 163 | ||||
*,1 | Aster DM Healthcare Ltd. | 60,595 | 163 | |||
NHPC Ltd. | 339,704 | 161 | ||||
Finolex Cables Ltd. | 18,603 | 159 | ||||
PTC India Ltd. | 148,498 | 158 | ||||
* | Aditya Birla Capital Ltd. | 88,884 | 157 | |||
Thermax Ltd. | 6,011 | 156 | ||||
Cholamandalam Financial Holdings Ltd. | 22,498 | 156 | ||||
JK Cement Ltd. | 4,602 | 154 | ||||
Motherson Sumi Wiring India Ltd. | 257,220 | 154 | ||||
Escorts Kubota Ltd. | 6,114 | 153 | ||||
V-Guard Industries Ltd. | 50,797 | 151 | ||||
* | Aditya Birla Fashion & Retail Ltd. | 54,020 | 150 | |||
Sumitomo Chemical India Ltd. | 27,465 | 149 | ||||
Narayana Hrudayalaya Ltd. | 16,140 | 146 | ||||
Bayer CropScience Ltd. | 2,800 | 145 | ||||
Linde India Ltd. | 3,212 | 145 | ||||
Akzo Nobel India Ltd. | 5,519 | 144 | ||||
KEC International Ltd. | 26,052 | 142 | ||||
Computer Age Management Services Ltd. | 5,175 | 141 | ||||
Mahanagar Gas Ltd. | 12,969 | 140 | ||||
Bata India Ltd. | 8,230 | 140 | ||||
CRISIL Ltd. | 3,429 | 140 | ||||
Gujarat Pipavav Port Ltd. | 109,491 | 139 | ||||
UNO Minda Ltd. | 22,490 | 138 | ||||
Union Bank of India Ltd. | 168,590 | 137 | ||||
Kansai Nerolac Paints Ltd. | 28,067 | 137 | ||||
PNC Infratech Ltd. | 41,475 | 137 | ||||
JB Chemicals & Pharmaceuticals Ltd. | 5,810 | 136 | ||||
Poly Medicure Ltd. | 12,009 | 136 |
Shares | Market Value• ($000) | |||||
* | Aavas Financiers Ltd. | 6,115 | 135 | |||
Hindustan Zinc Ltd. | 36,232 | 133 | ||||
Natco Pharma Ltd. | 20,481 | 133 | ||||
Edelweiss Financial Services Ltd. | 169,856 | 132 | ||||
* | Westlife Foodworld Ltd. | 16,809 | 132 | |||
1 | Dr Lal PathLabs Ltd. | 5,395 | 130 | |||
Alkem Laboratories Ltd. | 3,359 | 129 | ||||
eClerx Services Ltd. | 7,567 | 128 | ||||
Karur Vysya Bank Ltd. | 102,986 | 127 | ||||
360 ONE WAM Ltd. | 6,090 | 127 | ||||
* | Devyani International Ltd. | 67,918 | 125 | |||
* | Suzlon Energy Ltd. | 1,255,621 | 124 | |||
* | Exide Industries Ltd. | 58,485 | 124 | |||
* | Affle India Ltd. | 10,011 | 124 | |||
* | EIH Ltd. | 64,453 | 123 | |||
NCC Ltd. | 113,086 | 122 | ||||
1 | ICICI Securities Ltd. | 21,613 | 122 | |||
Central Depository Services India Ltd. | 10,163 | 122 | ||||
Bajaj Electricals Ltd. | 9,251 | 122 | ||||
1 | Syngene International Ltd. | 17,179 | 121 | |||
Oracle Financial Services Software Ltd. | 3,124 | 120 | ||||
Sonata Software Ltd. | 13,626 | 120 | ||||
Care Ratings Ltd. | 15,003 | 119 | ||||
* | CreditAccess Grameen Ltd. | 10,221 | 119 | |||
Indian Bank | 37,677 | 117 | ||||
Gateway Distriparks Ltd. | 164,237 | 117 | ||||
Manappuram Finance Ltd. | 93,394 | 116 | ||||
Zydus Wellnes Ltd. | 6,698 | 116 | ||||
JK Lakshmi Cement Ltd. | 14,107 | 115 | ||||
JM Financial Ltd. | 144,324 | 114 | ||||
Bombay Burmah Trading Co. | 10,636 | 114 | ||||
KPR Mill Ltd. | 16,373 | 114 | ||||
V-Mart Retail Ltd. | 3,833 | 112 | ||||
*,1 | PNB Housing Finance Ltd. | 15,543 | 112 | |||
EPL Ltd. | 57,947 | 112 | ||||
Lakshmi Machine Works Ltd. | 860 | 112 | ||||
Balrampur Chini Mills Ltd. | 25,755 | 111 | ||||
1 | Godrej Agrovet Ltd. | 21,051 | 111 | |||
Kaveri Seed Co. Ltd. | 17,682 | 110 | ||||
1 | IndiaMart InterMesh Ltd. | 1,885 | 110 | |||
UTI Asset Management Co. Ltd. | 13,965 | 110 | ||||
Relaxo Footwears Ltd. | 11,513 | 108 | ||||
VIP Industries Ltd. | 14,063 | 108 |
Shares | Market Value• ($000) | |||||
* | TeamLease Services Ltd. | 3,525 | 107 | |||
Bank of India | 118,961 | 102 | ||||
Sobha Ltd. | 14,591 | 102 | ||||
AstraZeneca Pharma India Ltd. | 2,527 | 102 | ||||
* | Medplus Health Services Ltd. | 12,612 | 102 | |||
Glenmark Pharmaceuticals Ltd. | 19,567 | 101 | ||||
1 | Nippon Life India Asset Management Ltd. | 37,289 | 100 | |||
1 | Brookfield India Real Estate Trust | 31,131 | 100 | |||
1 | Indian Railway Finance Corp. Ltd. | 302,861 | 99 | |||
Mastek Ltd. | 4,950 | 99 | ||||
Avanti Feeds Ltd. | 22,146 | 98 | ||||
Angel One Ltd. | 7,915 | 98 | ||||
DCB Bank Ltd. | 71,201 | 97 | ||||
EID Parry India Ltd. | 15,993 | 97 | ||||
Poonawalla Fincorp Ltd. | 27,778 | 97 | ||||
Happiest Minds Technologies Ltd. | 9,337 | 97 | ||||
National Aluminium Co. Ltd. | 100,264 | 95 | ||||
Castrol India Ltd. | 68,204 | 95 | ||||
* | One 97 Communications Ltd. | 13,160 | 95 | |||
* | FSN E-Commerce Ventures Ltd. | 55,974 | 95 | |||
Tanla Platforms Ltd. | 11,484 | 94 | ||||
Asahi India Glass Ltd. | 16,150 | 94 | ||||
Pfizer Ltd. | 2,032 | 93 | ||||
* | Vodafone Idea Ltd. | 1,123,026 | 92 | |||
Aptus Value Housing Finance India Ltd. | 31,288 | 92 | ||||
Orient Electric Ltd. | 27,671 | 91 | ||||
Punjab National Bank | 154,210 | 90 | ||||
Vinati Organics Ltd. | 3,971 | 90 | ||||
Birlasoft Ltd. | 26,813 | 89 | ||||
Ajanta Pharma Ltd. | 6,240 | 89 | ||||
Hatsun Agro Product Ltd. | 8,159 | 89 | ||||
Alkyl Amines Chemicals | 2,943 | 89 | ||||
Sterlite Technologies Ltd. | 45,252 | 87 | ||||
Granules India Ltd. | 25,705 | 87 | ||||
* | Delhivery Ltd. | 20,698 | 87 | |||
KRBL Ltd. | 20,932 | 86 | ||||
Intellect Design Arena Ltd. | 15,767 | 86 | ||||
1 | Eris Lifesciences Ltd. | 10,862 | 83 | |||
Zensar Technologies Ltd. | 23,716 | 83 | ||||
GlaxoSmithKline Pharmaceuticals Ltd. | 5,071 | 82 |
Shares | Market Value• ($000) | |||||
Mahindra CIE Automotive Ltd. | 16,024 | 82 | ||||
*,1 | Lemon Tree Hotels Ltd. | 86,512 | 81 | |||
Symphony Ltd. | 5,659 | 80 | ||||
Karnataka Bank Ltd. | 46,225 | 79 | ||||
Raymond Ltd. | 5,086 | 78 | ||||
Ceat Ltd. | 4,588 | 77 | ||||
GHCL Ltd. | 12,314 | 77 | ||||
* | Godrej Industries Ltd. | 14,866 | 75 | |||
KNR Constructions Ltd. | 24,359 | 75 | ||||
Vaibhav Global Ltd. | 18,866 | 74 | ||||
*,1 | Krishna Institute of Medical Sciences Ltd. | 4,575 | 74 | |||
Deepak Fertilisers & Petrochemicals Corp. Ltd. | 9,893 | 74 | ||||
Chambal Fertilisers & Chemicals Ltd. | 22,046 | 73 | ||||
DCM Shriram Ltd. | 7,257 | 72 | ||||
Jindal Saw Ltd. | 39,281 | 71 | ||||
* | South Indian Bank Ltd. | 352,817 | 71 | |||
Motilal Oswal Financial Services Ltd. | 9,746 | 71 | ||||
1 | Metropolis Healthcare Ltd. | 4,469 | 71 | |||
CCL Products India Ltd. | 10,772 | 71 | ||||
Route Mobile Ltd. | 4,308 | 70 | ||||
Trident Ltd. | 187,460 | 69 | ||||
Vedant Fashions Ltd. | 4,767 | 69 | ||||
Gujarat Narmada Valley Fertilizers & Chemicals Ltd. | 10,720 | 68 | ||||
*,1 | Tejas Networks Ltd. | 9,976 | 67 | |||
* | Sun Pharma Advanced Research Co. Ltd. | 28,046 | 65 | |||
Procter & Gamble Health Ltd. | 1,146 | 65 | ||||
BSE Ltd. | 12,146 | 65 | ||||
Fine Organic Industries Ltd. | 1,161 | 65 | ||||
Bajaj Consumer Care Ltd. | 32,552 | 64 | ||||
Garware Technical Fibres Ltd. | 1,797 | 64 | ||||
Welspun Corp. Ltd. | 28,252 | 63 | ||||
* | Indiabulls Real Estate Ltd. | 90,985 | 63 | |||
* | Vardhman Textiles Ltd. | 16,852 | 63 | |||
Rallis India Ltd. | 25,921 | 62 | ||||
Balaji Amines Ltd. | 2,333 | 62 | ||||
Multi Commodity Exchange of India Ltd. | 3,581 | 61 | ||||
* | Indiabulls Housing Finance Ltd. | 50,205 | 61 | |||
1 | Endurance Technologies Ltd. | 4,052 | 61 | |||
* | Nuvoco Vistas Corp. Ltd. | 14,469 | 61 |
Shares | Market Value• ($000) | |||||
Century Textiles & Industries Ltd. | 8,117 | 60 | ||||
TTK Prestige Ltd. | 6,540 | 60 | ||||
Century Plyboards India Ltd. | 9,875 | 60 | ||||
Blue Dart Express Ltd. | 789 | 59 | ||||
1 | Quess Corp. Ltd. | 13,750 | 59 | |||
Clean Science & Technology Ltd. | 3,557 | 59 | ||||
GMM Pfaudler Ltd. | 2,987 | 59 | ||||
* | Borosil Renewables Ltd. | 10,389 | 59 | |||
Jubilant Pharmova Ltd. Class A | 15,700 | 58 | ||||
* | Tata Teleservices Maharashtra Ltd. | 85,777 | 58 | |||
* | Strides Pharma Science Ltd. | 15,586 | 56 | |||
Jubilant Ingrevia Ltd. | 10,447 | 56 | ||||
1 | New India Assurance Co. Ltd. | 44,883 | 55 | |||
* | IFCI Ltd. | 412,343 | 54 | |||
Hitachi Energy India Ltd. | 1,318 | 53 | ||||
Firstsource Solutions Ltd. | 38,991 | 53 | ||||
* | NIIT Ltd. | 13,822 | 53 | |||
* | Chemplast Sanmar Ltd. | 11,255 | 53 | |||
Mahindra Lifespace Developers Ltd. | 11,232 | 51 | ||||
* | Amber Enterprises India Ltd. | 2,203 | 50 | |||
* | Infibeam Avenues Ltd. | 261,334 | 50 | |||
Rain Industries Ltd. | 26,663 | 49 | ||||
ZF Commercial Vehicle Control Systems India Ltd. | 385 | 49 | ||||
Alembic Pharmaceuticals Ltd. | 7,940 | 49 | ||||
* | Alok Industries Ltd. | 320,847 | 49 | |||
BASF India Ltd. | 1,770 | 49 | ||||
* | Restaurant Brands Asia Ltd. | 43,683 | 49 | |||
Graphite India Ltd. | 13,217 | 46 | ||||
Welspun India Ltd. | 56,513 | 45 | ||||
Galaxy Surfactants Ltd. | 1,566 | 45 | ||||
Whirlpool of India Ltd. | 2,819 | 44 | ||||
NOCIL Ltd. | 16,453 | 44 | ||||
Brightcom Group Ltd. | 154,046 | 43 | ||||
* | Just Dial Ltd. | 5,648 | 39 | |||
1 | General Insurance Corp. of India | 20,787 | 37 | |||
Saregama India Ltd. | 9,130 | 36 | ||||
Polyplex Corp. Ltd. | 2,171 | 36 | ||||
NBCC India Ltd. | 85,173 | 34 | ||||
Birla Corp. Ltd. | 3,123 | 33 | ||||
* | Dhani Services Ltd. | 84,039 | 31 | |||
* | Sheela Foam Ltd. | 2,132 | 30 |
Shares | Market Value• ($000) | |||||
* | TV18 Broadcast Ltd. | 71,623 | 28 | |||
Vakrangee Ltd. | 86,136 | 23 | ||||
123,248 | ||||||
Indonesia (0.6%) | ||||||
Bank Central Asia Tbk. PT | 9,040,716 | 5,185 | ||||
Bank Rakyat Indonesia Persero Tbk. PT | 11,405,796 | 3,491 | ||||
Bank Mandiri Persero Tbk. PT | 3,554,300 | 2,330 | ||||
Telkom Indonesia Persero Tbk. PT | 8,334,700 | 2,123 | ||||
Bank Negara Indonesia Persero Tbk. PT | 1,584,200 | 911 | ||||
Charoen Pokphand Indonesia Tbk. PT | 1,208,900 | 426 | ||||
Kalbe Farma Tbk. PT | 2,683,800 | 371 | ||||
Sarana Menara Nusantara Tbk. PT | 4,725,700 | 325 | ||||
Elang Mahkota Teknologi Tbk. PT | 4,514,400 | 281 | ||||
Unilever Indonesia Tbk. PT | 893,100 | 245 | ||||
Barito Pacific Tbk. PT | 3,954,274 | 242 | ||||
Indofood Sukses Makmur Tbk. PT | 557,700 | 237 | ||||
Indah Kiat Pulp & Paper Tbk. PT | 357,800 | 186 | ||||
Matahari Department Store Tbk. PT | 534,600 | 181 | ||||
Indocement Tunggal Prakarsa Tbk. PT | 236,800 | 173 | ||||
Mitra Keluarga Karyasehat Tbk. PT | 878,600 | 172 | ||||
Dayamitra Telekomunikasi Tbk. PT | 3,675,800 | 166 | ||||
Summarecon Agung Tbk. PT | 4,030,906 | 160 | ||||
Indofood CBP Sukses Makmur Tbk. PT | 237,400 | 158 | ||||
Medikaloka Hermina Tbk. PT | 1,613,400 | 158 | ||||
Tower Bersama Infrastructure Tbk. PT | 1,080,560 | 148 | ||||
XL Axiata Tbk. PT | 903,550 | 124 | ||||
* | Vale Indonesia Tbk. PT | 256,700 | 115 | |||
* | Mitra Adiperkasa Tbk. PT | 1,091,500 | 108 | |||
Ciputra Development Tbk. PT | 1,646,700 | 107 | ||||
BFI Finance Indonesia Tbk. PT | 1,111,600 | 100 | ||||
Panin Financial Tbk. PT | 3,652,100 | 95 | ||||
Avia Avian Tbk. PT | 2,306,500 | 95 | ||||
Pakuwon Jati Tbk. PT | 2,457,700 | 74 | ||||
* | Smartfren Telecom Tbk. PT | 16,193,800 | 71 |
Shares | Market Value• ($000) | |||||
* | Waskita Karya Persero Tbk. PT | 3,046,719 | 69 | |||
Japfa Comfeed Indonesia Tbk. PT | 776,300 | 68 | ||||
Indosat Tbk. PT | 146,600 | 66 | ||||
Mayora Indah Tbk. PT | 374,700 | 65 | ||||
* | Adhi Karya Persero Tbk. PT | 2,192,343 | 64 | |||
* | Bank Neo Commerce Tbk. PT | 1,417,538 | 59 | |||
Industri Jamu Dan Farmasi Sido Muncul Tbk. PT | 872,600 | 50 | ||||
Bank Pan Indonesia Tbk. PT | 519,000 | 49 | ||||
* | Bumi Serpong Damai Tbk. PT | 715,500 | 46 | |||
Bank BTPN Syariah Tbk. PT | 276,900 | 43 | ||||
Ace Hardware Indonesia Tbk. PT | 1,262,600 | 42 | ||||
Ramayana Lestari Sentosa Tbk. PT | 945,400 | 41 | ||||
* | Global Mediacom Tbk. PT | 2,154,300 | 40 | |||
Surya Citra Media Tbk. PT | 2,787,300 | 40 | ||||
Bank Syariah Indonesia Tbk. PT | 320,900 | 32 | ||||
Bank Tabungan Negara Persero Tbk. PT | 342,048 | 30 | ||||
* | Bank Bukopin Tbk. PT | 3,577,300 | 28 | |||
* | Surya Semesta Internusa Tbk. PT | 980,500 | 27 | |||
* | Media Nusantara Citra Tbk. PT | 608,900 | 26 | |||
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk. PT | 288,626 | 25 | ||||
Astra Agro Lestari Tbk. PT | 38,600 | 21 | ||||
* | Lippo Karawaci Tbk. PT | 3,991,800 | 21 | |||
* | Jasa Marga Persero Tbk. PT | 97,000 | 21 | |||
Bank Danamon Indonesia Tbk. PT | 109,100 | 20 | ||||
* | Wijaya Karya Persero Tbk. PT | 489,100 | 20 | |||
* | Alam Sutera Realty Tbk. PT | 1,777,500 | 19 | |||
* | Bank Raya Indonesia Tbk. PT | 373,851 | 10 | |||
*,2 | Trada Alam Minera Tbk. PT | 477,100 | 2 | |||
19,602 | ||||||
Ireland (0.2%) | ||||||
Kerry Group plc Class A | 25,383 | 2,430 |
Shares | Market Value• ($000) | |||||
Bank of Ireland Group plc | 172,974 | 1,906 | ||||
Kingspan Group plc | 25,151 | 1,633 | ||||
AIB Group plc | 168,779 | 721 | ||||
Glanbia plc | 22,494 | 278 | ||||
Kingspan Group plc | 2,173 | 142 | ||||
* | Dalata Hotel Group plc | 22,784 | 103 | |||
Glanbia plc | 28 | — | ||||
7,213 | ||||||
Israel (0.4%) | ||||||
* | Nice Ltd. | 11,098 | 2,307 | |||
Bank Leumi Le-Israel BM | 278,848 | 2,168 | ||||
Bank Hapoalim BM | 244,253 | 2,043 | ||||
Israel Discount Bank Ltd. Class A | 254,615 | 1,208 | ||||
* | Tower Semiconductor Ltd. | 18,575 | 760 | |||
Mizrahi Tefahot Bank Ltd. | 23,600 | 702 | ||||
* | Nova Ltd. | 4,418 | 403 | |||
Bezeq The Israeli Telecommunication Corp. Ltd. | 279,655 | 387 | ||||
Azrieli Group Ltd. | 4,682 | 263 | ||||
* | Enlight Renewable Energy Ltd. | 15,377 | 252 | |||
First International Bank of Israel Ltd. | 6,272 | 222 | ||||
Reit 1 Ltd. | 51,819 | 214 | ||||
* | Perion Network Ltd. | 5,628 | 195 | |||
Shufersal Ltd. | 36,186 | 187 | ||||
* | Big Shopping Centers Ltd. | 2,153 | 187 | |||
* | Clal Insurance Enterprises Holdings Ltd. | 9,523 | 137 | |||
Phoenix Holdings Ltd. | 14,071 | 134 | ||||
Alony Hetz Properties & Investments Ltd. | 14,657 | 128 | ||||
Strauss Group Ltd. | 5,310 | 121 | ||||
* | Camtek Ltd. | 4,306 | 117 | |||
Harel Insurance Investments & Financial Services Ltd. | 12,948 | 109 | ||||
Electra Ltd. | 245 | 99 | ||||
Isracard Ltd. | 27,519 | 98 | ||||
Shapir Engineering & Industry Ltd. | 14,302 | 94 | ||||
Mega Or Holdings Ltd. | 4,166 | 89 | ||||
* | Shikun & Binui Ltd. | 36,562 | 84 | |||
Maytronics Ltd. | 6,590 | 79 | ||||
Hilan Ltd. | 1,863 | 75 | ||||
* | Partner Communications Co. Ltd. | 12,908 | 72 |
Shares | Market Value• ($000) | |||||
Sapiens International Corp. NV | 3,489 | 72 | ||||
Fox Wizel Ltd. | 893 | 71 | ||||
FIBI Holdings Ltd. | 1,731 | 63 | ||||
One Software Technologies Ltd. | 5,661 | 63 | ||||
Delta Galil Ltd. | 1,506 | 61 | ||||
Matrix IT Ltd. | 3,252 | 60 | ||||
Sella Capital Real Estate Ltd. | 29,757 | 60 | ||||
AudioCodes Ltd. | 3,589 | 59 | ||||
Elco Ltd. | 1,586 | 58 | ||||
Danel Adir Yeoshua Ltd. | 724 | 55 | ||||
IDI Insurance Co. Ltd. | 2,191 | 51 | ||||
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. | 890 | 49 | ||||
Summit Real Estate Holdings Ltd. | 4,301 | 46 | ||||
* | Kamada Ltd. | 10,240 | 44 | |||
Menora Mivtachim Holdings Ltd. | 2,250 | 43 | ||||
G City Ltd. | 11,329 | 39 | ||||
Israel Canada T.R Ltd. | 19,092 | 39 | ||||
* | Cellcom Israel Ltd. | 8,894 | 36 | |||
* | AFI Properties Ltd. | 1,025 | 27 | |||
* | Allot Ltd. | 5,846 | 17 | |||
* | Compugen Ltd. | 17,173 | 13 | |||
13,960 | ||||||
Italy (1.7%) | ||||||
Intesa Sanpaolo SpA | 2,681,788 | 7,244 | ||||
UniCredit SpA | 320,328 | 6,554 | ||||
Ferrari NV | 20,627 | 5,352 | ||||
Stellantis NV | 253,604 | 4,437 | ||||
Assicurazioni Generali SpA | 215,890 | 4,270 | ||||
CNH Industrial NV | 160,487 | 2,631 | ||||
Moncler SpA | 36,966 | 2,253 | ||||
Terna - Rete Elettrica Nazionale | 261,309 | 1,964 | ||||
FinecoBank Banca Fineco SpA | 109,440 | 1,891 | ||||
Mediobanca Banca di Credito Finanziario SpA | 143,730 | 1,534 | ||||
Stellantis NV | 73,590 | 1,283 | ||||
Banco BPM SpA | 261,291 | 1,139 | ||||
Interpump Group SpA | 17,192 | 944 | ||||
*,1 | Nexi SpA | 105,151 | 849 | |||
* | Telecom Italia SpA (Bearer) | 2,363,259 | 759 | |||
Recordati Industria Chimica e Farmaceutica SpA | 17,245 | 731 | ||||
Amplifon SpA | 21,166 | 612 | ||||
1 | Poste Italiane SpA | 53,711 | 579 | |||
Reply SpA | 4,452 | 534 |
Shares | Market Value• ($000) | |||||
Banca Popolare di Sondrio SPA | 98,959 | 503 | ||||
1 | Infrastrutture Wireless Italiane SpA | 41,255 | 454 | |||
Brunello Cucinelli SpA | 5,323 | 448 | ||||
Azimut Holding SpA | 18,768 | 445 | ||||
DiaSorin SpA | 3,352 | 404 | ||||
BPER Banca | 136,466 | 388 | ||||
�� | Unipol Gruppo SpA | 67,062 | 355 | |||
Banca Mediolanum SpA | 33,476 | 324 | ||||
Brembo SpA | 18,380 | 290 | ||||
1 | Pirelli & C SpA | 55,881 | 285 | |||
Italgas SpA | 49,271 | 280 | ||||
Tamburi Investment Partners SpA | 29,749 | 241 | ||||
Banca Generali SpA | 6,834 | 236 | ||||
Buzzi Unicem SpA | 9,825 | 226 | ||||
* | Telecom Italia SpA (Registered) | 659,503 | 215 | |||
1 | Carel Industries SpA | 7,464 | 208 | |||
De' Longhi SpA | 8,261 | 206 | ||||
1 | Anima Holding SpA | 46,105 | 199 | |||
1 | BFF Bank SpA | 19,355 | 192 | |||
Biesse SpA | 9,629 | 173 | ||||
* | Autogrill SpA | 23,801 | 169 | |||
* | Banca Monte dei Paschi di Siena SpA | 61,219 | 163 | |||
Maire Tecnimont SpA | 37,554 | 151 | ||||
Salvatore Ferragamo SpA | 7,840 | 149 | ||||
Banca IFIS SpA | 8,740 | 144 | ||||
Arnoldo Mondadori Editore SpA | 73,257 | 142 | ||||
Tinexta SpA | 5,052 | 128 | ||||
Gruppo MutuiOnline SpA | 3,987 | 121 | ||||
Sesa SpA | 932 | 120 | ||||
1 | Technogym SpA | 13,177 | 117 | |||
Danieli & C Officine Meccaniche SpA Saving Shares | 5,269 | 107 | ||||
Italmobiliare SpA | 3,648 | 92 | ||||
1 | RAI Way SpA | 15,400 | 88 | |||
* | Intercos SpA | 5,810 | 85 | |||
Rizzoli Corriere Della Sera Mediagroup SpA | 109,788 | 83 | ||||
SOL SpA | 2,908 | 75 | ||||
3 | Webuild SpA | 39,750 | 72 | |||
1 | doValue SpA | 9,811 | 72 | |||
Immobiliare Grande Distribuzione SIIQ SpA | 22,995 | 70 | ||||
El.En. SpA | 3,899 | 64 | ||||
* | CIR SpA-Compagnie Industriali | 129,617 | 60 | |||
Sanlorenzo SpA | 1,303 | 60 | ||||
Credito Emiliano SpA | 6,294 | 54 | ||||
*,1 | GVS SpA | 9,878 | 51 |
Shares | Market Value• ($000) | |||||
Salcef Group SpA | 2,286 | 42 | ||||
Piaggio & C SpA | 9,562 | 41 | ||||
1 | Enav SpA | 8,501 | 38 | |||
UnipolSai Assicurazioni SpA | 14,275 | 36 | ||||
MFE-MediaForEurope NV Class B | 48,774 | 35 | ||||
Danieli & C Officine Meccaniche SpA | 1,043 | 28 | ||||
Datalogic SpA | 2,377 | 22 | ||||
Zignago Vetro SpA | 1,065 | 20 | ||||
MFE-MediaForEurope NV Class A | 44,577 | 20 | ||||
* | Tod's SpA | 471 | 18 | |||
MARR SpA | 1,358 | 17 | ||||
*,3 | Juventus Football Club SpA | 47,511 | 15 | |||
Cementir Holding NV | 1,388 | 12 | ||||
* | Webuild SpA Warrants Exp. 8/2/30 | 3,597 | 2 | |||
54,415 | ||||||
Japan (16.6%) | ||||||
Toyota Motor Corp. | 2,004,900 | 27,326 | ||||
Sony Group Corp. | 203,400 | 17,008 | ||||
Keyence Corp. | 33,300 | 14,393 | ||||
Mitsubishi UFJ Financial Group Inc. | 1,998,500 | 14,168 | ||||
Daiichi Sankyo Co. Ltd. | 311,500 | 9,811 | ||||
Sumitomo Mitsui Financial Group Inc. | 221,000 | 9,652 | ||||
Shin-Etsu Chemical Co. Ltd. | 64,300 | 8,914 | ||||
Tokyo Electron Ltd. | 24,100 | 8,269 | ||||
KDDI Corp. | 276,100 | 8,078 | ||||
Takeda Pharmaceutical Co. Ltd. | 258,157 | 7,958 | ||||
Honda Motor Co. Ltd. | 287,400 | 7,473 | ||||
Tokio Marine Holdings Inc. | 323,500 | 6,868 | ||||
Mizuho Financial Group Inc. | 427,420 | 6,662 | ||||
SoftBank Group Corp. | 163,100 | 6,596 | ||||
Nintendo Co. Ltd. | 173,600 | 6,499 | ||||
Recruit Holdings Co. Ltd. | 231,749 | 6,215 | ||||
Hoya Corp. | 58,900 | 5,831 | ||||
Nippon Telegraph & Telephone Corp. | 198,000 | 5,737 | ||||
Seven & i Holdings Co. Ltd. | 125,100 | 5,593 | ||||
FANUC Corp. | 32,100 | 5,456 | ||||
Murata Manufacturing Co. Ltd. | 96,300 | 5,155 | ||||
SoftBank Corp. | 455,843 | 5,142 | ||||
Oriental Land Co. Ltd. | 30,700 | 4,902 | ||||
Fast Retailing Co. Ltd. | 24,300 | 4,797 | ||||
SMC Corp. | 8,800 | 4,473 |
Shares | Market Value• ($000) | |||||
Astellas Pharma Inc. | 316,300 | 4,442 | ||||
Denso Corp. | 76,200 | 4,051 | ||||
Fujitsu Ltd. | 31,100 | 3,994 | ||||
Nidec Corp. | 75,700 | 3,842 | ||||
Central Japan Railway Co. | 33,600 | 3,772 | ||||
Bridgestone Corp. | 98,100 | 3,753 | ||||
Dai-ichi Life Holdings Inc. | 171,700 | 3,663 | ||||
Canon Inc. | 168,800 | 3,633 | ||||
Olympus Corp. | 210,500 | 3,546 | ||||
Panasonic Holdings Corp. | 367,500 | 3,209 | ||||
Terumo Corp. | 116,500 | 3,132 | ||||
Mitsui Fudosan Co. Ltd. | 164,300 | 3,131 | ||||
Shiseido Co. Ltd. | 66,700 | 3,073 | ||||
East Japan Railway Co. | 60,200 | 3,040 | ||||
Kao Corp. | 81,000 | 3,017 | ||||
Japan Post Holdings Co. Ltd. | 337,667 | 3,002 | ||||
Chugai Pharmaceutical Co. Ltd. | 116,000 | 2,886 | ||||
Kubota Corp. | 190,400 | 2,874 | ||||
FUJIFILM Holdings Corp. | 60,300 | 2,813 | ||||
Suzuki Motor Corp. | 79,200 | 2,779 | ||||
Kyocera Corp. | 56,200 | 2,766 | ||||
Daiwa House Industry Co. Ltd. | 118,100 | 2,726 | ||||
MS&AD Insurance Group Holdings Inc. | 82,800 | 2,710 | ||||
Advantest Corp. | 33,900 | 2,687 | ||||
* | Renesas Electronics Corp. | 201,377 | 2,601 | |||
Mitsubishi Estate Co. Ltd. | 206,400 | 2,566 | ||||
Sumitomo Mitsui Trust Holdings Inc. | 68,800 | 2,549 | ||||
Unicharm Corp. | 68,500 | 2,535 | ||||
Ajinomoto Co. Inc. | 84,500 | 2,493 | ||||
Sompo Holdings Inc. | 57,700 | 2,477 | ||||
Eisai Co. Ltd. | 45,100 | 2,436 | ||||
Aeon Co. Ltd. | 128,300 | 2,393 | ||||
Nomura Holdings Inc. | 563,300 | 2,322 | ||||
Bandai Namco Holdings Inc. | 36,800 | 2,274 | ||||
Resona Holdings Inc. | 402,750 | 2,218 | ||||
Nippon Yusen KK | 81,900 | 2,129 | ||||
Shionogi & Co. Ltd. | 48,000 | 2,127 | ||||
Sekisui House Ltd. | 111,100 | 2,103 | ||||
Secom Co. Ltd. | 35,300 | 2,053 | ||||
Sysmex Corp. | 34,200 | 2,049 | ||||
Lasertec Corp. | 12,300 | 2,000 | ||||
TDK Corp. | 59,300 | 1,985 | ||||
Yaskawa Electric Corp. | 50,300 | 1,979 | ||||
Omron Corp. | 36,700 | 1,970 |
Shares | Market Value• ($000) | |||||
Otsuka Holdings Co. Ltd. | 63,400 | 1,921 | ||||
Sumitomo Electric Industries Ltd. | 154,700 | 1,904 | ||||
Nitto Denko Corp. | 31,500 | 1,896 | ||||
Sumitomo Realty & Development Co. Ltd. | 78,500 | 1,853 | ||||
Yakult Honsha Co. Ltd. | 26,538 | 1,809 | ||||
Shimano Inc. | 11,600 | 1,804 | ||||
West Japan Railway Co. | 45,251 | 1,756 | ||||
NEC Corp. | 48,900 | 1,750 | ||||
Toyota Industries Corp. | 29,700 | 1,743 | ||||
M3 Inc. | 72,200 | 1,722 | ||||
Asahi Kasei Corp. | 244,400 | 1,702 | ||||
Toray Industries Inc. | 297,300 | 1,702 | ||||
NTT Data Corp. | 114,700 | 1,591 | ||||
Nomura Research Institute Ltd. | 70,800 | 1,582 | ||||
Japan Exchange Group Inc. | 105,700 | 1,576 | ||||
Mitsubishi Chemical Group Corp. | 269,500 | 1,570 | ||||
Ono Pharmaceutical Co. Ltd. | 76,600 | 1,560 | ||||
Dai Nippon Printing Co. Ltd. | 57,100 | 1,531 | ||||
Shimadzu Corp. | 52,400 | 1,513 | ||||
T&D Holdings Inc. | 97,900 | 1,483 | ||||
MINEBEA MITSUMI Inc. | 85,300 | 1,478 | ||||
Hamamatsu Photonics KK | 29,700 | 1,457 | ||||
Nippon Paint Holdings Co. Ltd. | 165,613 | 1,447 | ||||
Daiwa Securities Group Inc. | 302,300 | 1,445 | ||||
Yamaha Motor Co. Ltd. | 56,400 | 1,443 | ||||
Nissan Motor Co. Ltd. | 360,800 | 1,401 | ||||
Mitsui OSK Lines Ltd. | 53,500 | 1,397 | ||||
Pan Pacific International Holdings Corp. | 75,400 | 1,378 | ||||
Dentsu Group Inc. | 41,900 | 1,344 | ||||
Disco Corp. | 4,200 | 1,317 | ||||
Tokyu Corp. | 107,200 | 1,291 | ||||
Nitori Holdings Co. Ltd. | 11,400 | 1,288 | ||||
MEIJI Holdings Co. Ltd. | 27,500 | 1,259 | ||||
Z Holdings Corp. | 468,600 | 1,258 | ||||
Nissan Chemical Corp. | 28,300 | 1,243 | ||||
Isuzu Motors Ltd. | 103,000 | 1,232 | ||||
Kintetsu Group Holdings Co. Ltd. | 39,500 | 1,197 | ||||
SG Holdings Co. Ltd. | 81,934 | 1,181 | ||||
Nippon Building Fund Inc. | 272 | 1,148 | ||||
MISUMI Group Inc. | 48,000 | 1,141 | ||||
Kyowa Kirin Co. Ltd. | 53,200 | 1,139 | ||||
Makita Corp. | 45,800 | 1,120 |
Shares | Market Value• ($000) | |||||
Yamato Holdings Co. Ltd. | 66,300 | 1,120 | ||||
Capcom Co. Ltd. | 35,100 | 1,105 | ||||
Sekisui Chemical Co. Ltd. | 82,400 | 1,105 | ||||
Kurita Water Industries Ltd. | 23,800 | 1,075 | ||||
Concordia Financial Group Ltd. | 248,500 | 1,068 | ||||
SBI Holdings Inc. | 49,400 | 1,065 | ||||
Aisin Corp. | 37,700 | 1,033 | ||||
Chiba Bank Ltd. | 139,900 | 1,024 | ||||
Mazda Motor Corp. | 113,800 | 1,018 | ||||
TOTO Ltd. | 29,800 | 996 | ||||
TIS Inc. | 39,500 | 981 | ||||
Kawasaki Kisen Kaisha Ltd. | 40,800 | 977 | ||||
MatsukiyoCocokara & Co. | 20,900 | 971 | ||||
Mitsui Chemicals Inc. | 39,900 | 963 | ||||
Toho Co. Ltd. | 26,900 | 936 | ||||
NGK Spark Plug Co. Ltd. | 46,300 | 931 | ||||
Japan Real Estate Investment Corp. | 224 | 928 | ||||
Tobu Railway Co. Ltd. | 40,900 | 913 | ||||
Yamaha Corp. | 24,000 | 911 | ||||
BayCurrent Consulting Inc. | 23,200 | 911 | ||||
Odakyu Electric Railway Co. Ltd. | 74,500 | 903 | ||||
Rohm Co. Ltd. | 11,700 | 901 | ||||
Kuraray Co. Ltd. | 99,700 | 894 | ||||
Daito Trust Construction Co. Ltd. | 9,400 | 885 | ||||
Taiyo Yuden Co. Ltd. | 28,300 | 857 | ||||
Fukuoka Financial Group Inc. | 38,000 | 848 | ||||
Lixil Corp. | 53,000 | 845 | ||||
Koito Manufacturing Co. Ltd. | 50,000 | 840 | ||||
Nisshin Seifun Group Inc. | 72,600 | 839 | ||||
Aozora Bank Ltd. | 43,100 | 835 | ||||
Nomura Real Estate Master Fund Inc. | 752 | 834 | ||||
Trend Micro Inc. | 17,700 | 832 | ||||
SUMCO Corp. | 60,300 | 832 | ||||
NH Foods Ltd. | 29,700 | 820 | ||||
Shizuoka Financial Group Inc. | 101,200 | 809 | ||||
Azbil Corp. | 30,700 | 798 | ||||
JSR Corp. | 34,800 | 791 | ||||
Hankyu Hanshin Holdings Inc. | 27,600 | 785 | ||||
Nippon Prologis REIT Inc. | 364 | 776 | ||||
Daifuku Co. Ltd. | 14,200 | 774 |
Shares | Market Value• ($000) | |||||
Marui Group Co. Ltd. | 50,300 | 766 | ||||
USS Co. Ltd. | 47,200 | 765 | ||||
Oji Holdings Corp. | 188,300 | 764 | ||||
Nissin Foods Holdings Co. Ltd. | 9,100 | 758 | ||||
Asics Corp. | 29,700 | 752 | ||||
Ibiden Co. Ltd. | 21,800 | 748 | ||||
Toppan Inc. | 40,900 | 740 | ||||
NSK Ltd. | 133,500 | 739 | ||||
Toagosei Co. Ltd. | 80,000 | 736 | ||||
Seiko Epson Corp. | 52,200 | 720 | ||||
Brother Industries Ltd. | 48,800 | 718 | ||||
CyberAgent Inc. | 83,500 | 714 | ||||
Stanley Electric Co. Ltd. | 34,200 | 713 | ||||
Santen Pharmaceutical Co. Ltd. | 93,000 | 710 | ||||
* | ANA Holdings Inc. | 34,941 | 709 | |||
Keio Corp. | 20,200 | 704 | ||||
Bank of Kyoto Ltd. | 14,700 | 702 | ||||
Toyo Suisan Kaisha Ltd. | 17,100 | 692 | ||||
Haseko Corp. | 59,800 | 686 | ||||
Hulic Co. Ltd. | 84,670 | 674 | ||||
Resonac Holdings Corp. | 41,067 | 674 | ||||
Nikon Corp. | 67,600 | 670 | ||||
Rakuten Group Inc. | 130,300 | 642 | ||||
Amada Co. Ltd. | 69,600 | 633 | ||||
Daiwa House REIT Investment Corp. | 303 | 625 | ||||
Keisei Electric Railway Co. Ltd. | 21,600 | 624 | ||||
Suntory Beverage & Food Ltd. | 17,800 | 624 | ||||
Konami Group Corp. | 14,000 | 618 | ||||
Nabtesco Corp. | 23,900 | 618 | ||||
Rohto Pharmaceutical Co. Ltd. | 34,000 | 618 | ||||
Persol Holdings Co. Ltd. | 30,100 | 603 | ||||
* | Japan Airlines Co. Ltd. | 30,623 | 577 | |||
Keihan Holdings Co. Ltd. | 22,800 | 561 | ||||
Taiheiyo Cement Corp. | 30,300 | 557 | ||||
Nagoya Railroad Co. Ltd. | 36,300 | 551 | ||||
Advance Residence Investment Corp. | 224 | 550 | ||||
Hoshizaki Corp. | 15,100 | 535 | ||||
Hirose Electric Co. Ltd. | 4,300 | 526 | ||||
Teijin Ltd. | 49,600 | 515 | ||||
Square Enix Holdings Co. Ltd. | 11,500 | 513 | ||||
COMSYS Holdings Corp. | 28,100 | 511 | ||||
Keikyu Corp. | 54,600 | 509 | ||||
Nippon Express Holdings Inc. | 9,100 | 508 | ||||
Otsuka Corp. | 15,000 | 506 |
Shares | Market Value• ($000) | |||||
Isetan Mitsukoshi Holdings Ltd. | 49,100 | 502 | ||||
GMO Payment Gateway Inc. | 6,100 | 501 | ||||
Kose Corp. | 4,400 | 497 | ||||
Zensho Holdings Co. Ltd. | 17,600 | 496 | ||||
Asahi Intecc Co. Ltd. | 29,100 | 495 | ||||
Food & Life Cos. Ltd. | 19,500 | 493 | ||||
Yamada Holdings Co. Ltd. | 139,700 | 491 | ||||
Tokyu Fudosan Holdings Corp. | 100,300 | 485 | ||||
Kobayashi Pharmaceutical Co. Ltd. | 8,000 | 482 | ||||
Seibu Holdings Inc. | 44,500 | 448 | ||||
Iwatani Corp. | 10,800 | 446 | ||||
Daishi Hokuetsu Financial Group Inc. | 18,700 | 446 | ||||
Konica Minolta Inc. | 102,100 | 445 | ||||
Japan Post Insurance Co. Ltd. | 25,639 | 445 | ||||
Lintec Corp. | 27,100 | 444 | ||||
Hisamitsu Pharmaceutical Co. Inc. | 15,600 | 438 | ||||
Hakuhodo DY Holdings Inc. | 39,300 | 438 | ||||
Goldwin Inc. | 5,000 | 435 | ||||
Orix JREIT Inc. | 322 | 431 | ||||
Sohgo Security Services Co. Ltd. | 16,400 | 430 | ||||
Hikari Tsushin Inc. | 2,900 | 421 | ||||
Zenkoku Hosho Co. Ltd. | 10,900 | 415 | ||||
3 | Japan Post Bank Co. Ltd. | 48,000 | 415 | |||
* | Mitsubishi Motors Corp. | 104,100 | 411 | |||
SCREEN Holdings Co. Ltd. | 5,100 | 407 | ||||
Lion Corp. | 37,600 | 406 | ||||
TechnoPro Holdings Inc. | 15,900 | 403 | ||||
Hachijuni Bank Ltd. | 86,900 | 393 | ||||
Toyo Corp. | 40,500 | 392 | ||||
Alfresa Holdings Corp. | 31,600 | 382 | ||||
United Urban Investment Corp. | 346 | 382 | ||||
Tsuruha Holdings Inc. | 5,400 | 380 | ||||
THK Co. Ltd. | 16,900 | 378 | ||||
Alps Alpine Co. Ltd. | 39,200 | 372 | ||||
Open House Group Co. Ltd. | 10,200 | 367 | ||||
Kyushu Railway Co. | 16,500 | 361 | ||||
Miura Co. Ltd. | 14,900 | 360 | ||||
Wacoal Holdings Corp. | 19,900 | 358 | ||||
Kaken Pharmaceutical Co. Ltd. | 13,300 | 354 |
Shares | Market Value• ($000) | |||||
Kansai Paint Co. Ltd. | 26,400 | 354 | ||||
ZOZO Inc. | 15,900 | 353 | ||||
* | Right On Co. Ltd. | 84,800 | 349 | |||
Nifco Inc. | 13,200 | 348 | ||||
Ryohin Keikaku Co. Ltd. | 34,600 | 348 | ||||
Koei Tecmo Holdings Co. Ltd. | 20,280 | 340 | ||||
Pigeon Corp. | 21,900 | 338 | ||||
Nihon M&A Center Holdings Inc. | 40,500 | 338 | ||||
Rinnai Corp. | 4,800 | 337 | ||||
Artnature Inc. | 60,700 | 337 | ||||
Yokohama Rubber Co. Ltd. | 17,500 | 332 | ||||
Fuyo General Lease Co. Ltd. | 4,800 | 331 | ||||
Maruha Nichiro Corp. | 18,600 | 331 | ||||
Japan Hotel REIT Investment Corp. | 580 | 328 | ||||
Nippon Sanso Holdings Corp. | 18,300 | 326 | ||||
Nippon Shinyaku Co. Ltd. | 7,200 | 322 | ||||
Mitsubishi HC Capital Inc. | 61,360 | 320 | ||||
Nagase & Co. Ltd. | 21,500 | 319 | ||||
Sumitomo Forestry Co. Ltd. | 16,600 | 319 | ||||
Mebuki Financial Group Inc. | 117,900 | 317 | ||||
Internet Initiative Japan Inc. | 15,600 | 312 | ||||
Anritsu Corp. | 34,100 | 311 | ||||
Hirogin Holdings Inc. | 60,600 | 307 | ||||
J Front Retailing Co. Ltd. | 33,000 | 306 | ||||
Nippon Kayaku Co. Ltd. | 34,100 | 299 | ||||
DIC Corp. | 16,200 | 289 | ||||
Fujikura Ltd. | 39,600 | 281 | ||||
Tokyo Century Corp. | 8,400 | 281 | ||||
* | SHIFT Inc. | 1,700 | 281 | |||
Shimamura Co. Ltd. | 3,000 | 280 | ||||
Tokyo Tatemono Co. Ltd. | 22,900 | 280 | ||||
Takashimaya Co. Ltd. | 19,900 | 277 | ||||
Fujitec Co. Ltd. | 12,000 | 277 | ||||
Oracle Corp. Japan | 3,900 | 266 | ||||
Kakaku.com Inc. | 17,800 | 265 | ||||
NET One Systems Co. Ltd. | 11,600 | 265 | ||||
JP-Holdings Inc. | 101,800 | 265 | ||||
Mitsui Fudosan Logistics Park Inc. | 79 | 263 | ||||
Iida Group Holdings Co. Ltd. | 15,700 | 261 | ||||
Suzuken Co. Ltd. | 10,100 | 255 |
Shares | Market Value• ($000) | |||||
Toyo Seikan Group Holdings Ltd. | 19,600 | 255 | ||||
Medipal Holdings Corp. | 19,200 | 252 | ||||
Nomura Real Estate Holdings Inc. | 11,300 | 252 | ||||
Credit Saison Co. Ltd. | 18,400 | 251 | ||||
* | Park24 Co. Ltd. | 17,100 | 251 | |||
Yushin Precision Equipment Co. Ltd. | 46,600 | 249 | ||||
Nippon Electric Glass Co. Ltd. | 13,300 | 248 | ||||
Sanrio Co. Ltd. | 8,200 | 248 | ||||
NSD Co. Ltd. | 14,300 | 247 | ||||
Shinko Electric Industries Co. Ltd. | 9,000 | 247 | ||||
Kadokawa Corp. | 12,344 | 246 | ||||
ST Corp. | 21,400 | 244 | ||||
Frontier Real Estate Investment Corp. | 66 | 243 | ||||
Mitsubishi Estate Logistics REIT Investment Corp. | 82 | 243 | ||||
Kamigumi Co. Ltd. | 12,200 | 241 | ||||
Casio Computer Co. Ltd. | 24,400 | 239 | ||||
Denka Co. Ltd. | 11,300 | 239 | ||||
Iyogin Holdings Inc. | 39,800 | 237 | ||||
Japan Prime Realty Investment Corp. | 89 | 235 | ||||
Nankai Electric Railway Co. Ltd. | 11,600 | 235 | ||||
Nichirei Corp. | 11,900 | 235 | ||||
Mori Trust REIT Inc. | 422 | 235 | ||||
Daihen Corp. | 7,500 | 235 | ||||
Sanwa Holdings Corp. | 22,200 | 234 | ||||
Ito En Ltd. | 6,800 | 229 | ||||
Nagatanien Holdings Co. Ltd. | 14,900 | 229 | ||||
Furukawa Electric Co. Ltd. | 13,000 | 227 | ||||
Tokyo Ohka Kogyo Co. Ltd. | 4,300 | 227 | ||||
Kaneka Corp. | 8,800 | 221 | ||||
OKUMA Corp. | 5,500 | 221 | ||||
Kewpie Corp. | 13,700 | 221 | ||||
SHO-BOND Holdings Co. Ltd. | 5,600 | 221 | ||||
* | Money Forward Inc. | 6,700 | 221 | |||
Daiwa Office Investment Corp. | 49 | 220 | ||||
Sekisui House REIT Inc. | 412 | 218 | ||||
Invincible Investment Corp. | 528 | 213 | ||||
Wellneo Sugar Co. Ltd. | 17,100 | 211 | ||||
SCSK Corp. | 14,400 | 209 | ||||
Nihon Kohden Corp. | 8,300 | 208 | ||||
Ulvac Inc. | 5,400 | 207 |
Shares | Market Value• ($000) | |||||
Kagome Co. Ltd. | 9,200 | 203 | ||||
Dowa Holdings Co. Ltd. | 6,200 | 202 | ||||
LaSalle Logiport REIT | 178 | 202 | ||||
Relo Group Inc. | 12,600 | 201 | ||||
Sugi Holdings Co. Ltd. | 4,800 | 201 | ||||
Taisho Pharmaceutical Holdings Co. Ltd. | 5,100 | 201 | ||||
Sankyu Inc. | 5,400 | 199 | ||||
BIPROGY Inc. | 8,900 | 197 | ||||
Industrial & Infrastructure Fund Investment Corp. | 187 | 197 | ||||
Sumitomo Pharma Co. Ltd. | 31,100 | 195 | ||||
INFRONEER Holdings Inc. | 25,708 | 195 | ||||
Daiseki Co. Ltd. | 6,380 | 192 | ||||
SMS Co. Ltd. | 8,000 | 192 | ||||
OSG Corp. | 13,400 | 191 | ||||
* | PeptiDream Inc. | 14,000 | 190 | |||
Jeol Ltd. | 6,100 | 190 | ||||
Sumitomo Rubber Industries Ltd. | 21,000 | 189 | ||||
Topcon Corp. | 13,900 | 183 | ||||
Nippon Gas Co. Ltd. | 13,000 | 182 | ||||
Kenedix Office Investment Corp. | 76 | 178 | ||||
JAFCO Group Co. Ltd. | 10,800 | 175 | ||||
Gunma Bank Ltd. | 46,400 | 174 | ||||
Rakus Co. Ltd. | 14,000 | 174 | ||||
Ushio Inc. | 15,100 | 173 | ||||
Daicel Corp. | 24,700 | 172 | ||||
Sanken Electric Co. Ltd. | 2,500 | 170 | ||||
* | Hino Motors Ltd. | 41,200 | 168 | |||
Benesse Holdings Inc. | 11,300 | 167 | ||||
ADEKA Corp. | 10,300 | 167 | ||||
DMG Mori Co. Ltd. | 10,300 | 166 | ||||
Daiwa Securities Living Investments Corp. | 200 | 166 | ||||
Meitec Corp. | 9,200 | 165 | ||||
Ain Holdings Inc. | 3,900 | 162 | ||||
Calbee Inc. | 8,100 | 161 | ||||
Nisshinbo Holdings Inc. | 21,600 | 160 | ||||
Yamazaki Baking Co. Ltd. | 13,700 | 159 | ||||
Fancl Corp. | 8,500 | 158 | ||||
* | Sansan Inc. | 14,000 | 158 | |||
Kanamoto Co. Ltd. | 9,400 | 156 | ||||
Morinaga Milk Industry Co. Ltd. | 4,600 | 156 | ||||
JTEKT Corp. | 20,600 | 154 | ||||
Gunze Ltd. | 4,700 | 154 | ||||
Mitsui High-Tec Inc. | 3,000 | 154 | ||||
Sharp Corp. | 21,900 | 151 | ||||
Pilot Corp. | 4,700 | 151 | ||||
Nippon Kanzai Co. Ltd. | 7,900 | 150 | ||||
Menicon Co. Ltd. | 7,000 | 150 |
Shares | Market Value• ($000) | |||||
Descente Ltd. | 5,100 | 149 | ||||
Fujitsu General Ltd. | 5,300 | 148 | ||||
Amano Corp. | 8,000 | 148 | ||||
TKC Corp. | 5,500 | 148 | ||||
Tomy Co. Ltd. | 14,900 | 146 | ||||
Citizen Watch Co. Ltd. | 23,800 | 144 | ||||
Outsourcing Inc. | 14,900 | 144 | ||||
ABC-Mart Inc. | 2,900 | 143 | ||||
Information Services International-Dentsu Ltd. | 4,100 | 142 | ||||
Fuji Soft Inc. | 2,400 | 142 | ||||
Coca-Cola Bottlers Japan Holdings Inc. | 13,300 | 140 | ||||
FP Corp. | 5,500 | 139 | ||||
Seino Holdings Co. Ltd. | 13,400 | 138 | ||||
Daiichikosho Co. Ltd. | 4,300 | 137 | ||||
Kyushu Financial Group Inc. | 35,600 | 136 | ||||
GS Yuasa Corp. | 7,500 | 135 | ||||
Mori Hills REIT Investment Corp. | 120 | 135 | ||||
Mabuchi Motor Co. Ltd. | 4,800 | 133 | ||||
SBI Shinsei Bank Ltd. | 7,277 | 132 | ||||
77 Bank Ltd. | 7,400 | 132 | ||||
Fuji Corp. | 8,700 | 132 | ||||
Mizuho Leasing Co. Ltd. | 4,900 | 132 | ||||
Yamaguchi Financial Group Inc. | 19,400 | 131 | ||||
Canon Marketing Japan Inc. | 5,900 | 130 | ||||
Toyo Tire Corp. | 11,000 | 130 | ||||
Kureha Corp. | 2,100 | 130 | ||||
Digital Garage Inc. | 3,900 | 129 | ||||
Katitas Co. Ltd. | 6,500 | 129 | ||||
Zeon Corp. | 13,500 | 128 | ||||
EM Systems Co. Ltd. | 20,400 | 128 | ||||
Mochida Pharmaceutical Co. Ltd. | 5,100 | 127 | ||||
Milbon Co. Ltd. | 3,000 | 126 | ||||
As One Corp. | 3,000 | 125 | ||||
Sinanen Holdings Co. Ltd. | 4,900 | 125 | ||||
K's Holdings Corp. | 14,400 | 124 | ||||
* | Fujita Kanko Inc. | 5,100 | 124 | |||
Nippon Steel Trading Corp. | 1,800 | 123 | ||||
Taiyo Holdings Co. Ltd. | 7,100 | 123 | ||||
Asahi Holdings Inc. | 8,400 | 123 | ||||
Dexerials Corp. | 6,300 | 123 | ||||
Yoshinoya Holdings Co. Ltd. | 7,100 | 122 | ||||
Kenedix Residential Next Investment Corp. | 81 | 122 | ||||
Hazama Ando Corp. | 18,600 | 120 | ||||
Tokyo Seimitsu Co. Ltd. | 3,300 | 120 | ||||
Hulic REIT Inc. | 107 | 120 |
Shares | Market Value• ($000) | |||||
Resorttrust Inc. | 7,600 | 119 | ||||
Toyoda Gosei Co. Ltd. | 7,300 | 119 | ||||
DeNA Co. Ltd. | 9,300 | 119 | ||||
Daiwabo Holdings Co. Ltd. | 7,700 | 119 | ||||
* | Leopalace21 Corp. | 50,300 | 119 | |||
NTT UD REIT Investment Corp. | 119 | 119 | ||||
H.U. Group Holdings Inc. | 6,000 | 118 | ||||
Toridoll Holdings Corp. | 5,900 | 118 | ||||
Nishi-Nippon Financial Holdings Inc. | 13,700 | 117 | ||||
Japan Material Co. Ltd. | 6,600 | 117 | ||||
GMO internet group Inc. | 6,200 | 115 | ||||
Mani Inc. | 8,500 | 115 | ||||
Kaga Electronics Co. Ltd. | 3,200 | 115 | ||||
Morinaga & Co. Ltd. | 3,900 | 112 | ||||
Benefit One Inc. | 7,300 | 112 | ||||
NTN Corp. | 45,000 | 111 | ||||
Nishi-Nippon Railroad Co. Ltd. | 6,300 | 110 | ||||
House Foods Group Inc. | 5,500 | 109 | ||||
* | RENOVA Inc. | 7,100 | 109 | |||
Nextage Co. Ltd. | 4,800 | 108 | ||||
Tokyo Individualized Educational Institute Inc. | 27,000 | 104 | ||||
Shoei Co. Ltd. | 2,600 | 103 | ||||
Nippon Shokubai Co. Ltd. | 2,400 | 100 | ||||
Sangetsu Corp. | 5,500 | 100 | ||||
Shiga Bank Ltd. | 4,700 | 100 | ||||
TS Tech Co. Ltd. | 7,800 | 99 | ||||
Sumitomo Warehouse Co. Ltd. | 6,300 | 99 | ||||
NOK Corp. | 10,000 | 98 | ||||
Fujimi Inc. | 2,000 | 96 | ||||
Open Up Group Inc. | 7,000 | 96 | ||||
Chugin Financial Group Inc. | 13,700 | 96 | ||||
PALTAC Corp. | 2,600 | 95 | ||||
Kenedix Retail REIT Corp. | 52 | 95 | ||||
Heiwa Real Estate Co. Ltd. | 3,400 | 94 | ||||
Nissui Corp. | 23,400 | 94 | ||||
Sumitomo Bakelite Co. Ltd. | 2,700 | 94 | ||||
Izumi Co. Ltd. | 4,200 | 92 | ||||
Cybozu Inc. | 4,700 | 92 | ||||
DTS Corp. | 3,900 | 91 | ||||
Kyoritsu Maintenance Co. Ltd. | 2,300 | 91 | ||||
Tadano Ltd. | 12,000 | 91 | ||||
Sotetsu Holdings Inc. | 5,300 | 90 |
Shares | Market Value• ($000) | |||||
Takara Bio Inc. | 7,100 | 90 | ||||
Hokuetsu Corp. | 15,000 | 90 | ||||
Aichi Financial Group Inc. | 4,863 | 90 | ||||
Inabata & Co. Ltd. | 4,500 | 89 | ||||
Sumitomo Osaka Cement Co. Ltd. | 3,200 | 89 | ||||
Torishima Pump Manufacturing Co. Ltd. | 7,900 | 89 | ||||
Prima Meat Packers Ltd. | 5,600 | 88 | ||||
Sanyo Electric Railway Co. Ltd. | 5,400 | 88 | ||||
Iriso Electronics Co. Ltd. | 2,500 | 87 | ||||
Taikisha Ltd. | 3,300 | 87 | ||||
Mitsubishi Logistics Corp. | 3,700 | 86 | ||||
Rorze Corp. | 1,100 | 86 | ||||
Trusco Nakayama Corp. | 5,200 | 86 | ||||
Rengo Co. Ltd. | 13,200 | 86 | ||||
Hokkoku Financial Holdings Inc. | 2,800 | 86 | ||||
NHK Spring Co. Ltd. | 12,800 | 85 | ||||
Nippon Soda Co. Ltd. | 2,500 | 85 | ||||
Hanwa Co. Ltd. | 2,900 | 84 | ||||
Kumiai Chemical Industry Co. Ltd. | 13,100 | 83 | ||||
Kanematsu Electronics Ltd. | 1,800 | 82 | ||||
Takuma Co. Ltd. | 8,100 | 82 | ||||
EXEO Group Inc. | 4,600 | 81 | ||||
Central Glass Co. Ltd. | 3,300 | 81 | ||||
Japan Best Rescue System Co. Ltd. | 14,200 | 81 | ||||
Hokuhoku Financial Group Inc. | 10,400 | 80 | ||||
Organo Corp. | 3,200 | 80 | ||||
San-In Godo Bank Ltd. | 12,900 | 80 | ||||
JVCKenwood Corp. | 27,100 | 80 | ||||
AZ-COM MARUWA Holdings Inc. | 6,100 | 80 | ||||
Pola Orbis Holdings Inc. | 6,200 | 79 | ||||
Starts Corp. Inc. | 4,200 | 79 | ||||
Monex Group Inc. | 21,600 | 79 | ||||
Joyful Honda Co. Ltd. | 6,100 | 78 | ||||
Base Co. Ltd. | 2,300 | 78 | ||||
Sawai Group Holdings Co. Ltd. | 2,800 | 78 | ||||
PHC Holdings Corp. | 7,400 | 78 | ||||
H2O Retailing Corp. | 7,600 | 77 | ||||
Fuji Kyuko Co. Ltd. | 2,500 | 77 | ||||
C Uyemura & Co. Ltd. | 1,700 | 77 | ||||
CKD Corp. | 4,900 | 76 | ||||
Glory Ltd. | 3,700 | 75 | ||||
Matsuyafoods Holdings Co. Ltd. | 2,600 | 75 | ||||
MOS Food Services Inc. | 3,300 | 75 |
Shares | Market Value• ($000) | |||||
BML Inc. | 3,200 | 74 | ||||
Intage Holdings Inc. | 6,900 | 74 | ||||
Kitz Corp. | 11,400 | 74 | ||||
Riken Keiki Co. Ltd. | 2,000 | 74 | ||||
Transcosmos Inc. | 3,000 | 74 | ||||
Kyudenko Corp. | 2,900 | 73 | ||||
Seven Bank Ltd. | 36,300 | 73 | ||||
Systena Corp. | 31,000 | 73 | ||||
Nikkon Holdings Co. Ltd. | 4,000 | 73 | ||||
Tokuyama Corp. | 4,600 | 73 | ||||
Yamazen Corp. | 9,500 | 73 | ||||
Change Inc. | 4,000 | 73 | ||||
Seiko Group Corp. | 3,400 | 72 | ||||
Heiwado Co. Ltd. | 4,600 | 72 | ||||
LITALICO Inc. | 3,800 | 72 | ||||
Kyokuyo Co. Ltd. | 2,600 | 70 | ||||
Nishimatsu Construction Co. Ltd. | 2,625 | 70 | ||||
UACJ Corp. | 3,500 | 69 | ||||
Ezaki Glico Co. Ltd. | 2,700 | 68 | ||||
en Japan Inc. | 3,900 | 68 | ||||
Iino Kaiun Kaisha Ltd. | 8,500 | 68 | ||||
Nitto Kogyo Corp. | 3,500 | 68 | ||||
Japan Wool Textile Co. Ltd. | 9,300 | 67 | ||||
Takeuchi Manufacturing Co. Ltd. | 3,100 | 66 | ||||
Insource Co. Ltd. | 7,200 | 65 | ||||
TBS Holdings Inc. | 4,900 | 64 | ||||
JCR Pharmaceuticals Co. Ltd. | 5,900 | 64 | ||||
Bando Chemical Industries Ltd. | 8,200 | 63 | ||||
Godo Steel Ltd. | 2,400 | 63 | ||||
Miroku Jyoho Service Co. Ltd. | 4,800 | 63 | ||||
JCU Corp. | 2,700 | 63 | ||||
Heiwa Real Estate REIT Inc. | 55 | 63 | ||||
Maxell Ltd. | 5,800 | 62 | ||||
Idec Corp. | 2,600 | 62 | ||||
Nojima Corp. | 6,200 | 62 | ||||
dip Corp. | 2,400 | 62 | ||||
Ricoh Leasing Co. Ltd. | 2,100 | 62 | ||||
Takasago Thermal Engineering Co. Ltd. | 4,000 | 62 | ||||
Toho Titanium Co. Ltd. | 4,200 | 61 | ||||
Toshiba TEC Corp. | 2,200 | 61 | ||||
Ai Holdings Corp. | 3,700 | 61 | ||||
AEON Financial Service Co. Ltd. | 6,300 | 60 | ||||
KFC Holdings Japan Ltd. | 2,900 | 60 | ||||
Toho Holdings Co. Ltd. | 3,700 | 60 | ||||
* | Raksul Inc. | 6,000 | 60 | |||
Tama Home Co. Ltd. | 2,400 | 60 | ||||
Simplex Holdings Inc. | 3,600 | 60 |
Shares | Market Value• ($000) | |||||
Toyota Boshoku Corp. | 3,800 | 59 | ||||
Aica Kogyo Co. Ltd. | 2,600 | 59 | ||||
Chudenko Corp. | 3,700 | 59 | ||||
Hokkan Holdings Ltd. | 6,000 | 59 | ||||
Shoei Foods Corp. | 1,900 | 59 | ||||
Tsubakimoto Chain Co. | 2,500 | 59 | ||||
Management Solutions Co. Ltd. | 2,400 | 59 | ||||
Asahi Diamond Industrial Co. Ltd. | 9,400 | 58 | ||||
Nomura Co. Ltd. | 8,800 | 58 | ||||
Shibaura Machine Co. Ltd. | 2,500 | 58 | ||||
TOKAI Holdings Corp. | 9,000 | 58 | ||||
MIRAIT ONE Corp. | 5,200 | 58 | ||||
* | euglena Co. Ltd. | 8,300 | 58 | |||
FCC Co. Ltd. | 5,200 | 57 | ||||
Aeon Delight Co. Ltd. | 2,600 | 57 | ||||
Achilles Corp. | 5,800 | 57 | ||||
Life Corp. | 2,800 | 57 | ||||
Japan Excellent Inc. | 64 | 57 | ||||
OSAKA Titanium Technologies Co. Ltd. | 2,800 | 56 | ||||
Arata Corp. | 1,900 | 56 | ||||
UT Group Co. Ltd. | 3,100 | 56 | ||||
Japan Aviation Electronics Industry Ltd. | 3,300 | 55 | ||||
Fuji Media Holdings Inc. | 6,600 | 55 | ||||
Nippon Carbon Co. Ltd. | 1,800 | 55 | ||||
Nippon Yakin Kogyo Co. Ltd. | 1,700 | 55 | ||||
Sato Holdings Corp. | 3,300 | 55 | ||||
JINS Holdings Inc. | 2,100 | 55 | ||||
Pasona Group Inc. | 3,900 | 55 | ||||
Snow Peak Inc. | 3,400 | 55 | ||||
Siix Corp. | 4,900 | 54 | ||||
Future Corp. | 4,200 | 54 | ||||
NEC Networks & System Integration Corp. | 4,400 | 54 | ||||
Nishio Rent All Co. Ltd. | 2,300 | 54 | ||||
* | Nippon Sheet Glass Co. Ltd. | 10,500 | 54 | |||
MIXI Inc. | 2,700 | 53 | ||||
Sakata INX Corp. | 7,000 | 53 | ||||
Daio Paper Corp. | 6,700 | 53 | ||||
Wakita & Co. Ltd. | 6,400 | 53 | ||||
Senshu Electric Co. Ltd. | 2,000 | 53 | ||||
EDION Corp. | 5,400 | 52 | ||||
Max Co. Ltd. | 3,300 | 52 | ||||
Mitsui-Soko Holdings Co. Ltd. | 1,800 | 52 | ||||
Konishi Co. Ltd. | 3,700 | 51 | ||||
Makino Milling Machine Co. Ltd. | 1,400 | 51 | ||||
Nippn Corp. | 4,300 | 51 |
Shares | Market Value• ($000) | |||||
San ju San Financial Group Inc. | 4,000 | 51 | ||||
KH Neochem Co. Ltd. | 2,700 | 51 | ||||
Ichiyoshi Securities Co. Ltd. | 10,600 | 50 | ||||
Noritake Co. Ltd. | 1,500 | 50 | ||||
Sanyo Chemical Industries Ltd. | 1,600 | 50 | ||||
Yaoko Co. Ltd. | 1,000 | 50 | ||||
RS Technologies Co. Ltd. | 2,000 | 50 | ||||
Ariake Japan Co. Ltd. | 1,400 | 49 | ||||
J Trust Co. Ltd. | 13,800 | 49 | ||||
Komori Corp. | 6,900 | 49 | ||||
Nitto Boseki Co. Ltd. | 3,200 | 49 | ||||
Nissin Electric Co. Ltd. | 3,900 | 49 | ||||
Raito Kogyo Co. Ltd. | 3,400 | 49 | ||||
Tekken Corp. | 3,600 | 49 | ||||
Paramount Bed Holdings Co. Ltd. | 2,800 | 49 | ||||
Tokyo Kiraboshi Financial Group Inc. | 2,300 | 49 | ||||
KeePer Technical Laboratory Co. Ltd. | 1,700 | 49 | ||||
VT Holdings Co. Ltd. | 12,700 | 48 | ||||
Ichibanya Co. Ltd. | 1,400 | 48 | ||||
Fuji Co. Ltd. | 3,700 | 48 | ||||
Furukawa Co. Ltd. | 4,700 | 48 | ||||
Optex Group Co. Ltd. | 3,200 | 48 | ||||
Shin Nippon Biomedical Laboratories Ltd. | 2,300 | 48 | ||||
Tsurumi Manufacturing Co. Ltd. | 3,100 | 48 | ||||
Acom Co. Ltd. | 19,000 | 47 | ||||
Hosiden Corp. | 3,800 | 47 | ||||
Hyakugo Bank Ltd. | 15,400 | 47 | ||||
TRE Holdings Corp. | 4,200 | 47 | ||||
Bank of the Ryukyus Ltd. | 5,500 | 46 | ||||
Fujiya Co. Ltd. | 2,600 | 46 | ||||
Kurabo Industries Ltd. | 2,400 | 46 | ||||
Noritsu Koki Co. Ltd. | 2,800 | 46 | ||||
Sakai Moving Service Co. Ltd. | 1,400 | 46 | ||||
Sinfonia Technology Co. Ltd. | 3,800 | 46 | ||||
Toyo Construction Co. Ltd. | 7,000 | 46 | ||||
Yokorei Co. Ltd. | 6,300 | 46 | ||||
YAMABIKO Corp. | 5,000 | 46 | ||||
* | HIS Co. Ltd. | 3,000 | 45 | |||
Studio Alice Co. Ltd. | 3,000 | 45 | ||||
ESPEC Corp. | 3,000 | 45 | ||||
Yondoshi Holdings Inc. | 3,500 | 45 | ||||
KOMEDA Holdings Co. Ltd. | 2,600 | 45 | ||||
Midac Holdings Co. Ltd. | 2,200 | 45 |
Shares | Market Value• ($000) | |||||
Nissha Co. Ltd. | 3,300 | 44 | ||||
Trancom Co. Ltd. | 900 | 44 | ||||
Torii Pharmaceutical Co. Ltd. | 1,900 | 44 | ||||
Starzen Co. Ltd. | 2,700 | 44 | ||||
Koshidaka Holdings Co. Ltd. | 6,400 | 44 | ||||
Mirai Corp. | 135 | 44 | ||||
Aeon Mall Co. Ltd. | 3,300 | 43 | ||||
Kameda Seika Co. Ltd. | 1,400 | 43 | ||||
Topy Industries Ltd. | 3,100 | 43 | ||||
T Hasegawa Co. Ltd. | 2,000 | 43 | ||||
Hankyu Hanshin REIT Inc. | 41 | 43 | ||||
Juroku Financial Group Inc. | 1,800 | 43 | ||||
Kohnan Shoji Co. Ltd. | 1,800 | 42 | ||||
Okamura Corp. | 4,200 | 42 | ||||
Tochigi Bank Ltd. | 17,200 | 42 | ||||
Genky DrugStores Co. Ltd. | 1,400 | 42 | ||||
Hioki EE Corp. | 700 | 41 | ||||
Kanematsu Corp. | 3,400 | 41 | ||||
Onward Holdings Co. Ltd. | 16,300 | 41 | ||||
Riken Corp. | 2,100 | 41 | ||||
Ryosan Co. Ltd. | 1,800 | 41 | ||||
Sintokogio Ltd. | 7,200 | 41 | ||||
Aeon Hokkaido Corp. | 6,500 | 41 | ||||
Megmilk Snow Brand Co. Ltd. | 3,100 | 40 | ||||
Chugoku Marine Paints Ltd. | 4,800 | 40 | ||||
Daiwa Industries Ltd. | 4,000 | 40 | ||||
ASKUL Corp. | 3,200 | 40 | ||||
Kokuyo Co. Ltd. | 2,900 | 40 | ||||
Rock Field Co. Ltd. | 3,500 | 40 | ||||
Sodick Co. Ltd. | 7,200 | 40 | ||||
Token Corp. | 700 | 40 | ||||
Yodogawa Steel Works Ltd. | 2,000 | 40 | ||||
* | Japan Display Inc. | 131,700 | 40 | |||
Ichigo Office REIT Investment Corp. | 62 | 40 | ||||
Fuji Oil Holdings Inc. | 2,700 | 39 | ||||
Riso Kyoiku Co. Ltd. | 15,700 | 39 | ||||
FULLCAST Holdings Co. Ltd. | 2,100 | 39 | ||||
Fujicco Co. Ltd. | 2,900 | 39 | ||||
PAL GROUP Holdings Co. Ltd. | 1,900 | 39 | ||||
Inageya Co. Ltd. | 3,900 | 39 | ||||
Mitsuuroko Group Holdings Co. Ltd. | 4,100 | 39 | ||||
San-Ai Obbli Co. Ltd. | 3,800 | 39 | ||||
Sanyo Special Steel Co. Ltd. | 2,000 | 39 |
Shares | Market Value• ($000) | |||||
MCJ Co. Ltd. | 5,500 | 39 | ||||
Feed One Co. Ltd. | 7,780 | 39 | ||||
Kissei Pharmaceutical Co. Ltd. | 2,100 | 38 | ||||
ES-Con Japan Ltd. | 6,100 | 38 | ||||
Nanto Bank Ltd. | 1,900 | 38 | ||||
Nichicon Corp. | 3,800 | 38 | ||||
* | WATAMI Co. Ltd. | 5,700 | 38 | |||
Anicom Holdings Inc. | 9,400 | 38 | ||||
Mitsubishi Research Institute Inc. | 1,000 | 38 | ||||
Piolax Inc. | 2,500 | 37 | ||||
Sumitomo Mitsui Construction Co. Ltd. | 11,800 | 37 | ||||
Hyakujushi Bank Ltd. | 2,500 | 37 | ||||
Sanyo Denki Co. Ltd. | 900 | 37 | ||||
Showa Sangyo Co. Ltd. | 1,981 | 37 | ||||
Uchida Yoko Co. Ltd. | 1,000 | 37 | ||||
Nippon Fine Chemical Co. Ltd. | 2,000 | 37 | ||||
Dai Nippon Toryo Co. Ltd. | 5,700 | 36 | ||||
Keiyo Co. Ltd. | 5,900 | 36 | ||||
* | Matsuya Co. Ltd. | 4,400 | 36 | |||
Tokyo Electron Device Ltd. | 600 | 36 | ||||
Sumitomo Densetsu Co. Ltd. | 2,000 | 36 | ||||
Noevir Holdings Co. Ltd. | 900 | 36 | ||||
Fuso Chemical Co. Ltd. | 1,300 | 35 | ||||
Koa Corp. | 2,600 | 35 | ||||
Nichiban Co. Ltd. | 2,600 | 35 | ||||
Riso Kagaku Corp. | 1,900 | 35 | ||||
Shinko Shoji Co. Ltd. | 3,600 | 35 | ||||
TOC Co. Ltd. | 7,000 | 35 | ||||
* | Istyle Inc. | 11,000 | 35 | |||
Advance Logistics Investment Corp. | 35 | 35 | ||||
Meiko Electronics Co. Ltd. | 1,700 | 35 | ||||
Aiful Corp. | 12,400 | 34 | ||||
Aiphone Co. Ltd. | 2,300 | 34 | ||||
Relia Inc. | 3,200 | 34 | ||||
Arakawa Chemical Industries Ltd. | 4,600 | 34 | ||||
Weathernews Inc. | 700 | 34 | ||||
Bank of Nagoya Ltd. | 1,300 | 34 | ||||
Nisshin Oillio Group Ltd. | 1,400 | 34 | ||||
Nippon Sharyo Ltd. | 2,400 | 34 | ||||
Oita Bank Ltd. | 2,000 | 34 | ||||
DKS Co. Ltd. | 2,400 | 34 | ||||
Roland DG Corp. | 1,400 | 33 | ||||
Geo Holdings Corp. | 2,800 | 33 | ||||
Ines Corp. | 3,200 | 33 | ||||
Kurimoto Ltd. | 2,200 | 33 | ||||
Mitsubishi Logisnext Co. Ltd. | 5,600 | 33 |
Shares | Market Value• ($000) | |||||
Seikagaku Corp. | 5,500 | 33 | ||||
Shima Seiki Manufacturing Ltd. | 2,400 | 33 | ||||
Tanseisha Co. Ltd. | 6,300 | 33 | ||||
Tenma Corp. | 1,900 | 33 | ||||
S-Pool Inc. | 6,900 | 33 | ||||
Avant Group Corp. | 3,200 | 33 | ||||
Akita Bank Ltd. | 2,200 | 32 | ||||
Avex Inc. | 2,700 | 32 | ||||
Japan Pulp & Paper Co. Ltd. | 800 | 32 | ||||
Kiyo Bank Ltd. | 2,700 | 32 | ||||
Mandom Corp. | 3,000 | 32 | ||||
Nippon Parking Development Co. Ltd. | 17,100 | 32 | ||||
Shochiku Co. Ltd. | 400 | 32 | ||||
Star Micronics Co. Ltd. | 2,500 | 32 | ||||
Toyo Kanetsu KK | 1,600 | 32 | ||||
KYORIN Holdings Inc. | 2,600 | 32 | ||||
Nippon Light Metal Holdings Co. Ltd. | 2,890 | 32 | ||||
Solasto Corp. | 6,400 | 32 | ||||
Shibaura Mechatronics Corp. | 300 | 32 | ||||
Musashi Seimitsu Industry Co. Ltd. | 2,400 | 31 | ||||
United Arrows Ltd. | 2,400 | 31 | ||||
Computer Engineering & Consulting Ltd. | 2,900 | 31 | ||||
Funai Soken Holdings Inc. | 1,500 | 31 | ||||
Anest Iwata Corp. | 4,600 | 31 | ||||
Press Kogyo Co. Ltd. | 8,800 | 31 | ||||
Senko Group Holdings Co. Ltd. | 4,400 | 31 | ||||
Tamura Corp. | 5,700 | 31 | ||||
COLOPL Inc. | 7,100 | 31 | ||||
TV Asahi Holdings Corp. | 2,800 | 30 | ||||
Nippon Television Holdings Inc. | 3,600 | 30 | ||||
Aichi Steel Corp. | 1,700 | 30 | ||||
Chiyoda Integre Co. Ltd. | 1,800 | 30 | ||||
Hokuto Corp. | 2,200 | 30 | ||||
Key Coffee Inc. | 2,000 | 30 | ||||
Kyodo Printing Co. Ltd. | 1,400 | 30 | ||||
Towa Pharmaceutical Co. Ltd. | 2,100 | 30 | ||||
Zenrin Co. Ltd. | 4,800 | 30 | ||||
YA-MAN Ltd. | 2,600 | 30 | ||||
Vital KSK Holdings Inc. | 4,400 | 30 | ||||
YAKUODO Holdings Co. Ltd. | 1,700 | 30 | ||||
WingArc1st Inc. | 2,300 | 30 | ||||
Teikoku Electric Manufacturing Co. Ltd. | 1,500 | 29 | ||||
Fukui Bank Ltd. | 2,300 | 29 | ||||
G-Tekt Corp. | 2,800 | �� 29 |
Shares | Market Value• ($000) | |||||
Komatsu Matere Co. Ltd. | 5,600 | 29 | ||||
Macromill Inc. | 3,900 | 29 | ||||
TechMatrix Corp. | 2,700 | 29 | ||||
Direct Marketing MiX Inc. | 2,700 | 29 | ||||
* | Net Protections Holdings Inc. | 7,000 | 29 | |||
Itoham Yonekyu Holdings Inc. | 5,400 | 28 | ||||
Awa Bank Ltd. | 1,700 | 28 | ||||
* | Jamco Corp. | 2,200 | 28 | |||
Nissan Shatai Co. Ltd. | 4,500 | 28 | ||||
Ogaki Kyoritsu Bank Ltd. | 1,900 | 28 | ||||
Yonex Co. Ltd. | 2,900 | 28 | ||||
Broadleaf Co. Ltd. | 8,600 | 28 | ||||
JDC Corp. | 6,900 | 28 | ||||
Fuji Seal International Inc. | 2,200 | 27 | ||||
Keiyo Bank Ltd. | 5,600 | 27 | ||||
Shizuoka Gas Co. Ltd. | 3,200 | 27 | ||||
Nihon Nohyaku Co. Ltd. | 5,200 | 27 | ||||
Riken Vitamin Co. Ltd. | 1,800 | 27 | ||||
Sakai Chemical Industry Co. Ltd. | 2,000 | 27 | ||||
Tatsuta Electric Wire & Cable Co. Ltd. | 5,200 | 27 | ||||
Toyo Ink SC Holdings Co. Ltd. | 1,900 | 27 | ||||
Warabeya Nichiyo Holdings Co. Ltd. | 2,000 | 27 | ||||
Nippon Paper Industries Co. Ltd. | 3,300 | 26 | ||||
Goldcrest Co. Ltd. | 2,100 | 26 | ||||
Chuo Spring Co. Ltd. | 4,700 | 26 | ||||
Jaccs Co. Ltd. | 800 | 26 | ||||
Ichigo Inc. | 12,400 | 26 | ||||
Nakayama Steel Works Ltd. | 3,100 | 26 | ||||
Pacific Industrial Co. Ltd. | 3,100 | 26 | ||||
Tocalo Co. Ltd. | 2,800 | 26 | ||||
Toyobo Co. Ltd. | 3,200 | 25 | ||||
Shinwa Co. Ltd. | 1,600 | 25 | ||||
Marudai Food Co. Ltd. | 2,200 | 25 | ||||
Ministop Co. Ltd. | 2,400 | 25 | ||||
Nippon Densetsu Kogyo Co. Ltd. | 2,200 | 25 | ||||
Nippon Seiki Co. Ltd. | 3,800 | 25 | ||||
Nissei ASB Machine Co. Ltd. | 800 | 25 | ||||
Tachibana Eletech Co. Ltd. | 1,700 | 25 | ||||
Zojirushi Corp. | 2,100 | 25 | ||||
SRA Holdings | 1,100 | 25 | ||||
Hoosiers Holdings Co. Ltd. | 4,100 | 25 |
Shares | Market Value• ($000) | |||||
Tsubaki Nakashima Co. Ltd. | 3,100 | 25 | ||||
North Pacific Bank Ltd. | 10,800 | 25 | ||||
Nippon Pillar Packing Co. Ltd. | 1,000 | 25 | ||||
Autobacs Seven Co. Ltd. | 2,200 | 24 | ||||
Fudo Tetra Corp. | 2,000 | 24 | ||||
* | Kintetsu Department Store Co. Ltd. | 1,400 | 24 | |||
Ryoyo Electro Corp. | 1,300 | 24 | ||||
Yurtec Corp. | 4,400 | 24 | ||||
Xebio Holdings Co. Ltd. | 3,200 | 24 | ||||
Mie Kotsu Group Holdings Inc. | 6,400 | 24 | ||||
Procrea Holdings Inc. | 1,400 | 24 | ||||
Dainichiseika Color & Chemicals Manufacturing Co. Ltd. | 1,700 | 23 | ||||
Fukuda Corp. | 700 | 23 | ||||
* | KNT-CT Holdings Co. Ltd. | 1,800 | 23 | |||
Okura Industrial Co. Ltd. | 1,600 | 23 | ||||
Pacific Metals Co. Ltd. | 1,600 | 23 | ||||
Riken Technos Corp. | 5,300 | 23 | ||||
Shibusawa Warehouse Co. Ltd. | 1,400 | 23 | ||||
Shin-Etsu Polymer Co. Ltd. | 2,300 | 23 | ||||
Toho Bank Ltd. | 13,000 | �� 23 | ||||
Tsugami Corp. | 2,100 | 23 | ||||
Sankyo Tateyama Inc. | 4,400 | 23 | ||||
* | Vision Inc. | 1,900 | 23 | |||
MEC Co. Ltd. | 1,400 | 23 | ||||
Aoyama Trading Co. Ltd. | 3,100 | 22 | ||||
Tokai Tokyo Financial Holdings Inc. | 8,000 | 22 | ||||
Bunka Shutter Co. Ltd. | 2,700 | 22 | ||||
KYB Corp. | 800 | 22 | ||||
Digital Holdings Inc. | 2,500 | 22 | ||||
CI Takiron Corp. | 5,900 | 22 | ||||
Tayca Corp. | 2,500 | 22 | ||||
Toho Zinc Co. Ltd. | 1,400 | 22 | ||||
ValueCommerce Co. Ltd. | 1,800 | 22 | ||||
Yukiguni Maitake Co. Ltd. | 2,900 | 22 | ||||
Nipro Corp. | 2,800 | 21 | ||||
Enplas Corp. | 700 | 21 | ||||
Fujimori Kogyo Co. Ltd. | 900 | 21 | ||||
Hibiya Engineering Ltd. | 1,400 | 21 | ||||
Infocom Corp. | 1,200 | 21 | ||||
Nippon Road Co. Ltd. | 400 | 21 | ||||
Toa Corp. | 3,500 | 21 | ||||
Medical Data Vision Co. Ltd. | 3,200 | 21 |
Shares | Market Value• ($000) | |||||
Central Security Patrols Co. Ltd. | 1,100 | 20 | ||||
JSP Corp. | 1,700 | 20 | ||||
CMIC Holdings Co. Ltd. | 1,500 | 20 | ||||
Nissin Corp. | 1,300 | 20 | ||||
Ryoden Corp. | 1,400 | 20 | ||||
Asahi Co. Ltd. | 2,000 | 20 | ||||
NEC Capital Solutions Ltd. | 1,000 | 20 | ||||
TSI Holdings Co. Ltd. | 4,500 | 20 | ||||
Oro Co. Ltd. | 1,400 | 20 | ||||
Daiichi Jitsugyo Co. Ltd. | 500 | 19 | ||||
Futaba Corp. | 4,500 | 19 | ||||
Hokkaido Gas Co. Ltd. | 1,400 | 19 | ||||
Kanaden Corp. | 2,300 | 19 | ||||
Mitsubishi Pencil Co. Ltd. | 1,800 | 19 | ||||
Musashino Bank Ltd. | 1,000 | 19 | ||||
Okasan Securities Group Inc. | 5,900 | 19 | ||||
Tosei Corp. | 1,800 | 19 | ||||
France Bed Holdings Co. Ltd. | 2,600 | 19 | ||||
NS United Kaiun Kaisha Ltd. | 600 | 19 | ||||
* | Unitika Ltd. | 11,200 | 19 | |||
Valor Holdings Co. Ltd. | 1,300 | 19 | ||||
Sanei Architecture Planning Co. Ltd. | 1,700 | 19 | ||||
Restar Holdings Corp. | 1,100 | 19 | ||||
Vector Inc. | 1,900 | 19 | ||||
Adastria Co. Ltd. | 1,100 | 18 | ||||
Furuno Electric Co. Ltd. | 2,500 | 18 | ||||
Joshin Denki Co. Ltd. | 1,200 | 18 | ||||
Kyosan Electric Manufacturing Co. Ltd. | 6,000 | 18 | ||||
Mizuno Corp. | 800 | 18 | ||||
Nippon Beet Sugar Manufacturing Co. Ltd. | 1,400 | 18 | ||||
Nitta Corp. | 800 | 18 | ||||
Towa Corp. | 1,300 | 18 | ||||
Zuken Inc. | 700 | 18 | ||||
Duskin Co. Ltd. | 800 | 18 | ||||
FIDEA Holdings Co. Ltd. | 1,600 | 18 | ||||
ASKA Pharmaceutical Holdings Co. Ltd. | 2,200 | 18 | ||||
Argo Graphics Inc. | 600 | 17 | ||||
Chiyoda Co. Ltd. | 3,000 | 17 | ||||
Cosel Co. Ltd. | 2,100 | 17 | ||||
Fuso Pharmaceutical Industries Ltd. | 1,200 | 17 | ||||
Iseki & Co. Ltd. | 1,900 | 17 | ||||
Kansai Food Market Ltd. | 1,700 | 17 | ||||
Nitto Kohki Co. Ltd. | 1,300 | 17 | ||||
Nihon Tokushu Toryo Co. Ltd. | 2,400 | 17 |
Shares | Market Value• ($000) | |||||
Tokyu Construction Co. Ltd. | 3,300 | 17 | ||||
Sumitomo Riko Co. Ltd. | 3,200 | 17 | ||||
Nihon Chouzai Co. Ltd. | 2,000 | 17 | ||||
Fixstars Corp. | 1,700 | 17 | ||||
Roland Corp. | 600 | 17 | ||||
Exedy Corp. | 1,200 | 16 | ||||
Belluna Co. Ltd. | 3,100 | 16 | ||||
Japan Lifeline Co. Ltd. | 2,400 | 16 | ||||
Daiken Corp. | 1,000 | 16 | ||||
J-Oil Mills Inc. | 1,400 | 16 | ||||
Nippon Thompson Co. Ltd. | 3,600 | 16 | ||||
Saibu Gas Holdings Co. Ltd. | 1,200 | 16 | ||||
Sumida Corp. | 1,300 | 16 | ||||
Totetsu Kogyo Co. Ltd. | 800 | 16 | ||||
Bell System24 Holdings Inc. | 1,500 | 16 | ||||
Daiki Aluminium Industry Co. Ltd. | 1,500 | 16 | ||||
Alpha Systems Inc. | 500 | 15 | ||||
Corona Corp. Class A | 2,200 | 15 | ||||
Daido Metal Co. Ltd. | 4,000 | 15 | ||||
Central Sports Co. Ltd. | 800 | 15 | ||||
Fuji Pharma Co. Ltd. | 1,900 | 15 | ||||
Ichikoh Industries Ltd. | 4,600 | 15 | ||||
Nihon Parkerizing Co. Ltd. | 2,000 | 15 | ||||
Topre Corp. | 1,700 | 15 | ||||
Yorozu Corp. | 2,700 | 15 | ||||
Tv Tokyo Holdings Corp. | 900 | 15 | ||||
METAWATER Co. Ltd. | 1,200 | 15 | ||||
Aeon Fantasy Co. Ltd. | 700 | 14 | ||||
Japan Transcity Corp. | 3,200 | 14 | ||||
Takamiya Co. Ltd. | 4,200 | 14 | ||||
Earth Corp. | 400 | 14 | ||||
JAC Recruitment Co. Ltd. | 800 | 14 | ||||
Happinet Corp. | 1,000 | 13 | ||||
Elecom Co. Ltd. | 1,300 | 13 | ||||
Mirarth Holdings Inc. | 4,800 | 13 | ||||
Kyokuto Kaihatsu Kogyo Co. Ltd. | 1,200 | 13 | ||||
Takasago International Corp. | 700 | 13 | ||||
Yokowo Co. Ltd. | 900 | 13 | ||||
Daito Pharmaceutical Co. Ltd. | 700 | 13 | ||||
Ki-Star Real Estate Co. Ltd. | 400 | 13 | ||||
Aisan Industry Co. Ltd. | 1,700 | 12 | ||||
Asahi Yukizai Corp. | 600 | 12 | ||||
Matsuda Sangyo Co. Ltd. | 700 | 12 | ||||
Noritz Corp. | 1,000 | 12 | ||||
Oiles Corp. | 1,000 | 12 |
Shares | Market Value• ($000) | |||||
Sanki Engineering Co. Ltd. | 1,100 | 12 | ||||
Tomoku Co. Ltd. | 1,000 | 12 | ||||
Tsutsumi Jewelry Co. Ltd. | 800 | 12 | ||||
Yahagi Construction Co. Ltd. | 2,000 | 12 | ||||
Yokogawa Bridge Holdings Corp. | 800 | 12 | ||||
World Holdings Co. Ltd. | 600 | 12 | ||||
Ohara Inc. | 1,400 | 12 | ||||
I-PEX Inc. | 1,200 | 12 | ||||
Doutor Nichires Holdings Co. Ltd. | 900 | 12 | ||||
Create SD Holdings Co. Ltd. | 500 | 12 | ||||
* | Open Door Inc. | 1,000 | 12 | |||
Aida Engineering Ltd. | 1,900 | 11 | ||||
Maruzen Showa Unyu Co. Ltd. | 500 | 11 | ||||
* | Nippon Chemi-Con Corp. | 700 | 11 | |||
Shikoku Bank Ltd. | 1,600 | 11 | ||||
SWCC Showa Holdings Co. Ltd. | 800 | 11 | ||||
Tsukishima Kikai Co. Ltd. | 1,400 | 11 | ||||
LIFULL Co. Ltd. | 7,700 | 11 | ||||
Senshu Ikeda Holdings Inc. | 5,700 | 11 | ||||
Proto Corp. | 1,200 | 11 | ||||
Tokai Rika Co. Ltd. | 900 | 10 | ||||
Fukushima Galilei Co. Ltd. | 300 | 10 | ||||
Halows Co. Ltd. | 400 | 10 | ||||
Nippon Koei Co. Ltd. | 400 | 10 | ||||
Union Tool Co. | 400 | 10 | ||||
Hirata Corp. | 200 | 10 | ||||
Linical Co. Ltd. | 1,900 | 10 | ||||
Konoike Transport Co. Ltd. | 900 | 10 | ||||
SB Technology Corp. | 700 | 10 | ||||
* | TerraSky Co. Ltd. | 700 | 10 | |||
SKY Perfect JSAT Holdings Inc. | 2,300 | 9 | ||||
CMK Corp. | 2,400 | 9 | ||||
Eiken Chemical Co. Ltd. | 800 | 9 | ||||
Ishihara Sangyo Kaisha Ltd. | 1,200 | 9 | ||||
Mitsui DM Sugar Holdings Co. Ltd. | 600 | 9 | ||||
Nachi-Fujikoshi Corp. | 300 | 9 | ||||
Okamoto Industries Inc. | 300 | 9 | ||||
Shibuya Corp. | 500 | 9 | ||||
Shin Nippon Air Technologies Co. Ltd. | 600 | 9 | ||||
Tachi-S Co. Ltd. | 1,000 | 9 |
Shares | Market Value• ($000) | |||||
Pack Corp. | 400 | 9 | ||||
Alpen Co. Ltd. | 600 | 9 | ||||
Tokushu Tokai Paper Co. Ltd. | 400 | 9 | ||||
Tokyo Base Co. Ltd. | 2,700 | 9 | ||||
Raccoon Holdings Inc. | 1,100 | 9 | ||||
Matsui Securities Co. Ltd. | 1,300 | 8 | ||||
Belc Co. Ltd. | 200 | 8 | ||||
Axial Retailing Inc. | 300 | 8 | ||||
Hosokawa Micron Corp. | 400 | 8 | ||||
Neturen Co. Ltd. | 1,500 | 8 | ||||
Nichiha Corp. | 400 | 8 | ||||
Nippon Signal Co. Ltd. | 1,000 | 8 | ||||
Toa Corp. | 400 | 8 | ||||
Towa Bank Ltd. | 1,700 | 8 | ||||
Unipres Corp. | 1,400 | 8 | ||||
Yuasa Trading Co. Ltd. | 300 | 8 | ||||
ARTERIA Networks Corp. | 800 | 8 | ||||
Moriroku Holdings Co. Ltd. | 600 | 8 | ||||
Takamatsu Construction Group Co. Ltd. | 500 | 7 | ||||
* | FDK Corp. | 1,000 | 7 | |||
DyDo Group Holdings Inc. | 200 | 7 | ||||
Hodogaya Chemical Co. Ltd. | 300 | 7 | ||||
Gecoss Corp. | 1,100 | 7 | ||||
Marvelous Inc. | 1,400 | 7 | ||||
Nichiden Corp. | 500 | 7 | ||||
T-Gaia Corp. | 600 | 7 | ||||
Ryobi Ltd. | 600 | 7 | ||||
Sekisui Jushi Corp. | 500 | 7 | ||||
Sekisui Kasei Co. Ltd. | 2,400 | 7 | ||||
Shikoku Kasei Holdings Corp. | 700 | 7 | ||||
TPR Co. Ltd. | 700 | 7 | ||||
* | World Co. Ltd. | 700 | 7 | |||
Usen-Next Holdings Co. Ltd. | 400 | 7 | ||||
* | Akebono Brake Industry Co. Ltd. | 5,400 | 6 | |||
MTI Ltd. | 1,400 | 6 | ||||
Cleanup Corp. | 1,200 | 6 | ||||
Inaba Denki Sangyo Co. Ltd. | 300 | 6 | ||||
Koatsu Gas Kogyo Co. Ltd. | 1,200 | 6 | ||||
Tokai Corp. | 400 | 6 | ||||
Yamagata Bank Ltd. | 700 | 6 | ||||
* | Kamakura Shinsho Ltd. | 700 | 6 | |||
Nisso Corp. | 1,200 | 6 | ||||
Advan Group Co. Ltd. | 800 | 5 | ||||
Wowow Inc. | 500 | 5 |
Shares | Market Value• ($000) | |||||
Kanto Denka Kogyo Co. Ltd. | 700 | 5 | ||||
Okuwa Co. Ltd. | 700 | 5 | ||||
Dai-Dan Co. Ltd. | 300 | 5 | ||||
SBS Holdings Inc. | 200 | 5 | ||||
Sinko Industries Ltd. | 400 | 5 | ||||
KAWADA TECHNOLOGIES Inc. | 200 | 5 | ||||
Japan Medical Dynamic Marketing Inc. | 700 | 5 | ||||
Orient Corp. | 500 | 4 | ||||
Chori Co. Ltd. | 200 | 4 | ||||
V Technology Co. Ltd. | 200 | 4 | ||||
Oki Electric Industry Co. Ltd. | 700 | 4 | ||||
Osaka Steel Co. Ltd. | 400 | 4 | ||||
* | Gurunavi Inc. | 1,600 | 4 | |||
Elan Corp. | 500 | 4 | ||||
Osaka Organic Chemical Industry Ltd. | 300 | 4 | ||||
Obara Group Inc. | 100 | 3 | ||||
Taiho Kogyo Co. Ltd. | 700 | 3 | ||||
Gakken Holdings Co. Ltd. | 400 | 3 | ||||
* | Nichi-iko Pharmaceutical Co. Ltd. | 8,900 | 3 | |||
Sanoh Industrial Co. Ltd. | 600 | 3 | ||||
Shindengen Electric Manufacturing Co. Ltd. | 100 | 3 | ||||
Taki Chemical Co. Ltd. | 100 | 3 | ||||
Toenec Corp. | 100 | 3 | ||||
Robot Home Inc. | 2,200 | 3 | ||||
Fibergate Inc. | 400 | 3 | ||||
Futaba Industrial Co. Ltd. | 500 | 2 | ||||
Tamron Co. Ltd. | 100 | 2 | ||||
Qol Holdings Co. Ltd. | 200 | 2 | ||||
* | Media Do Co. Ltd. | 200 | 2 | |||
Airport Facilities Co. Ltd. | 200 | 1 | ||||
541,742 | ||||||
Kuwait (0.3%) | ||||||
National Bank of Kuwait SAKP | 1,151,199 | 4,012 | ||||
Kuwait Finance House KSCP | 1,333,133 | 3,721 | ||||
Mobile Telecommunications Co. KSCP | 281,799 | 513 | ||||
Agility Public Warehousing Co. KSC | 226,470 | 445 | ||||
Boubyan Bank KSCP | 158,141 | 394 | ||||
Mabanee Co. KPSC | 106,805 | 273 | ||||
Gulf Bank KSCP | 261,831 | 258 | ||||
National Industries Group Holding SAK | 338,847 | 227 | ||||
* | Warba Bank KSCP | 203,045 | 152 |
Shares | Market Value• ($000) | |||||
Burgan Bank SAK | 157,891 | 116 | ||||
Boursa Kuwait Securities Co. KPSC | 16,677 | 110 | ||||
Alimtiaz Investment Group KSC | 393,277 | 77 | ||||
Jazeera Airways Co. KSCP | 12,069 | 68 | ||||
Kuwait International Bank KSCP | 104,421 | 67 | ||||
* | National Real Estate Co. KPSC | 206,404 | 60 | |||
Integrated Holding Co. KCSC | 46,810 | 55 | ||||
10,548 | ||||||
Malaysia (0.5%) | ||||||
Malayan Banking Bhd. | 1,058,200 | 2,075 | ||||
Public Bank Bhd. | 2,216,600 | 2,040 | ||||
CIMB Group Holdings Bhd. | 1,011,400 | 1,264 | ||||
Petronas Chemicals Group Bhd. | 432,000 | 689 | ||||
Press Metal Aluminium Holdings Bhd. | 550,500 | 633 | ||||
Sime Darby Plantation Bhd. | 551,700 | 520 | ||||
Axiata Group Bhd. | 684,600 | 484 | ||||
MISC Bhd. | 267,674 | 451 | ||||
DiGi.Com Bhd. | 424,300 | 406 | ||||
IOI Corp. Bhd. | 456,900 | 390 | ||||
IHH Healthcare Bhd. | 298,700 | 385 | ||||
Hong Leong Bank Bhd. | 79,000 | 362 | ||||
TIME dotCom Bhd. | 280,500 | 334 | ||||
PPB Group Bhd. | 85,300 | 333 | ||||
Gamuda Bhd. | 321,300 | 301 | ||||
* | Malaysia Airports Holdings Bhd. | 195,100 | 295 | |||
Kuala Lumpur Kepong Bhd. | 62,400 | 289 | ||||
Maxis Bhd. | 325,400 | 283 | ||||
AMMB Holdings Bhd. | 283,400 | 253 | ||||
Pentamaster Corp. Bhd. | 213,950 | 241 | ||||
Sime Darby Bhd. | 471,200 | 238 | ||||
RHB Bank Bhd. | 178,800 | 226 | ||||
Inari Amertron Bhd. | 404,900 | 221 | ||||
My EG Services Bhd. | 1,276,300 | 205 | ||||
Alliance Bank Malaysia Bhd. | 261,000 | 202 | ||||
Nestle Malaysia Bhd. | 6,700 | 202 | ||||
Telekom Malaysia Bhd. | 178,782 | 200 | ||||
Sunway Bhd. | 495,400 | 180 | ||||
AEON Credit Service M Bhd. | 65,700 | 176 | ||||
Bermaz Auto Bhd. | 364,300 | 175 | ||||
QL Resources Bhd. | 121,100 | 157 | ||||
Mega First Corp. Bhd. | 187,000 | 154 | ||||
Bursa Malaysia Bhd. | 102,900 | 151 | ||||
* | Top Glove Corp. Bhd. | 888,400 | 149 |
Shares | Market Value• ($000) | |||||
ViTrox Corp. Bhd. | 80,200 | 143 | ||||
Padini Holdings Bhd. | 159,600 | 139 | ||||
Genting Plantations Bhd. | 101,500 | 136 | ||||
Malaysian Pacific Industries Bhd. | 19,700 | 131 | ||||
D&O Green Technologies Bhd. | 129,900 | 131 | ||||
1 | MR DIY Group M Bhd. | 345,000 | 131 | |||
FGV Holdings Bhd. | 378,900 | 124 | ||||
KPJ Healthcare Bhd. | 474,900 | 111 | ||||
Hong Leong Financial Group Bhd. | 26,900 | 109 | ||||
Frontken Corp. Bhd. | 144,600 | 101 | ||||
PMB Technology Bhd. | 101,000 | 99 | ||||
* | Malaysia Building Society Bhd. | 716,600 | 97 | |||
Westports Holdings Bhd. | 114,100 | 94 | ||||
Scientex Bhd. | 111,400 | 90 | ||||
Hartalega Holdings Bhd. | 274,600 | 90 | ||||
UWC Bhd. | 98,400 | 88 | ||||
Syarikat Takaful Malaysia Keluarga Bhd. | 112,600 | 83 | ||||
United Plantations Bhd. | 20,400 | 75 | ||||
* | Greatech Technology Bhd. | 62,200 | 69 | |||
VS Industry Bhd. | 328,200 | 64 | ||||
1 | Lotte Chemical Titan Holding Bhd. | 192,400 | 59 | |||
Fraser & Neave Holdings Bhd. | 8,900 | 55 | ||||
* | Leong Hup International Bhd. | 448,300 | 49 | |||
Malaysian Resources Corp. Bhd. | 663,900 | 46 | ||||
CTOS Digital Bhd. | 134,600 | 43 | ||||
Astro Malaysia Holdings Bhd. | 306,900 | 41 | ||||
UMW Holdings Bhd. | 44,900 | 39 | ||||
Kossan Rubber Industries Bhd. | 147,200 | 36 | ||||
Cahya Mata Sarawak Bhd. | 102,500 | 27 | ||||
SP Setia Bhd. Group | 187,100 | 26 | ||||
* | Hong Seng Consolidated Bhd. | 518,100 | 15 | |||
* | UEM Sunrise Bhd. | 131,300 | 8 | |||
* | AGMO Holdings Bhd. | 11,869 | 2 | |||
17,215 | ||||||
Mexico (0.9%) | ||||||
America Movil SAB de CV | 4,859,441 | 5,041 | ||||
Grupo Financiero Banorte SAB de CV | 494,900 | 4,177 | ||||
Wal-Mart de Mexico SAB de CV | 890,900 | 3,506 |
Shares | Market Value• ($000) | |||||
Fomento Economico Mexicano SAB de CV | 322,423 | 2,976 | ||||
Grupo Bimbo SAB de CV Class A | 396,734 | 1,883 | ||||
* | Cemex SAB de CV | 2,832,700 | 1,418 | |||
Grupo Aeroportuario del Pacifico SAB de CV Class B | 70,200 | 1,335 | ||||
Grupo Aeroportuario del Sureste SAB de CV Class B | 41,560 | 1,192 | ||||
Coca-Cola Femsa SAB de CV | 123,815 | 896 | ||||
* | Grupo Financiero Inbursa SAB de CV | 298,600 | 620 | |||
Fibra Uno Administracion SA de CV | 395,000 | 563 | ||||
TF Administradora Industrial S de RL de CV | 248,500 | 458 | ||||
Grupo Elektra SAB de CV | 8,595 | 453 | ||||
Arca Continental SAB de CV | 52,900 | 446 | ||||
Grupo Televisa SAB | 429,500 | 430 | ||||
1 | FIBRA Macquarie Mexico | 235,463 | 404 | |||
Gruma SAB de CV Class B | 26,010 | 381 | ||||
Corp. Inmobiliaria Vesta SAB de CV | 123,700 | 359 | ||||
1 | Banco del Bajio SA | 91,200 | 349 | |||
Grupo Aeroportuario del Centro Norte SAB de CV Class B | 33,153 | 317 | ||||
Prologis Property Mexico SA de CV | 78,433 | 288 | ||||
Grupo Carso SAB de CV | 57,093 | 273 | ||||
Grupo Comercial Chedraui SA de CV | 52,800 | 270 | ||||
Orbia Advance Corp. SAB de CV | 113,900 | 238 | ||||
Regional SAB de CV | 28,000 | 233 | ||||
* | Industrias Penoles SAB de CV | 19,130 | 229 | |||
Kimberly-Clark de Mexico SAB de CV Class A | 94,400 | 189 | ||||
Operadora De Sites Mexicanos SAB de CV | 181,600 | 185 | ||||
* | Alsea SAB de CV | 82,600 | 183 | |||
* | Controladora Vuela Cia de Aviacion SAB de CV Class A | 122,800 | 146 | |||
Gentera SAB de CV | 120,000 | 130 | ||||
La Comer SAB de CV | 51,300 | 112 | ||||
* | Sitios Latinoamerica SAB de CV | 272,347 | 110 |
Shares | Market Value• ($000) | |||||
Bolsa Mexicana de Valores SAB de CV | 55,300 | 108 | ||||
*,1 | Grupo Traxion SAB de CV | 53,400 | 99 | |||
Qualitas Controladora SAB de CV | 13,700 | 85 | ||||
El Puerto de Liverpool SAB de CV | 13,300 | 81 | ||||
Megacable Holdings SAB de CV | 25,300 | 65 | ||||
*,1 | Nemak SAB de CV | 228,000 | 58 | |||
Genomma Lab Internacional SAB de CV Class B | 65,800 | 53 | ||||
* | Grupo Rotoplas SAB de CV | 24,620 | 40 | |||
Alpek SAB de CV Class A | 32,100 | 39 | ||||
Concentradora Fibra Danhos SA de CV | 25,700 | 34 | ||||
* | Axtel SAB de CV | 100,863 | 7 | |||
30,459 | ||||||
Netherlands (3.4%) | ||||||
ASML Holding NV | 66,905 | 41,237 | ||||
Prosus NV | 138,697 | 9,943 | ||||
ING Groep NV | 624,481 | 8,740 | ||||
*,1 | Adyen NV | 4,900 | 6,945 | |||
Koninklijke Ahold Delhaize NV | 162,602 | 5,163 | ||||
Wolters Kluwer NV | 43,028 | 4,981 | ||||
Koninklijke DSM NV | 28,746 | 3,542 | ||||
Universal Music Group NV | 121,520 | 2,863 | ||||
ASM International NV | 7,801 | 2,659 | ||||
Koninklijke Philips NV | 147,141 | 2,402 | ||||
Akzo Nobel NV | 32,226 | 2,358 | ||||
Koninklijke KPN NV | 616,847 | 2,115 | ||||
NN Group NV | 47,544 | 1,925 | ||||
IMCD NV | 10,937 | 1,731 | ||||
Aegon NV | 318,859 | 1,659 | ||||
Randstad NV | 22,679 | 1,392 | ||||
1 | ABN AMRO Bank NV | 68,274 | 1,205 | |||
ASR Nederland NV | 26,428 | 1,203 | ||||
* | EXOR NV | 14,129 | 1,166 | |||
1 | Euronext NV | 15,151 | 1,105 | |||
* | Unibail-Rodamco-Westfield | 17,050 | 1,077 | |||
BE Semiconductor Industries NV | 13,259 | 1,024 | ||||
1 | Signify NV | 23,051 | 799 | |||
*,1 | Just Eat Takeaway.com NV | 30,281 | 659 | |||
TKH Group NV | 14,268 | 658 | ||||
Allfunds Group plc | 59,019 | 514 | ||||
OCI NV | 14,456 | 480 | ||||
JDE Peet's NV | 10,975 | 323 | ||||
APERAM SA | 7,156 | 278 |
Shares | Market Value• ($000) | |||||
* | Galapagos NV | 7,154 | 266 | |||
*,1 | Basic-Fit NV | 7,386 | 259 | |||
Koninklijke Vopak NV | 7,844 | 250 | ||||
* | InPost SA | 29,614 | 245 | |||
Corbion NV | 6,413 | 241 | ||||
Eurocommercial Properties NV | 6,306 | 156 | ||||
*,1 | Alfen NV | 1,648 | 133 | |||
1 | CTP NV | 7,205 | 99 | |||
PostNL NV | 52,070 | 91 | ||||
Majorel Group Luxembourg SA | 3,742 | 91 | ||||
Flow Traders Ltd. | 1,994 | 48 | ||||
Brunel International NV | 3,101 | 38 | ||||
* | TomTom NV | 4,558 | 35 | |||
Wereldhave NV | 1,276 | 20 | ||||
Vastned Retail NV | 701 | 17 | ||||
NSI NV | 625 | 15 | ||||
* | Ebusco Holding NV | 307 | 4 | |||
112,154 | ||||||
New Zealand (0.3%) | ||||||
Fisher & Paykel Healthcare Corp. Ltd. | 102,064 | 1,634 | ||||
* | Auckland International Airport Ltd. | 281,457 | 1,521 | |||
Spark New Zealand Ltd. | 412,024 | 1,272 | ||||
Meridian Energy Ltd. | 240,484 | 789 | ||||
* | a2 Milk Co. Ltd. | 140,491 | 628 | |||
EBOS Group Ltd. | 21,803 | 597 | ||||
Mainfreight Ltd. | 13,148 | 591 | ||||
Fletcher Building Ltd. | 120,526 | 353 | ||||
Mercury NZ Ltd. | 76,108 | 295 | ||||
Chorus Ltd. | 54,167 | 278 | ||||
Ryman Healthcare Ltd. | 80,437 | 261 | ||||
Heartland Group Holdings Ltd. | 135,080 | 151 | ||||
Summerset Group Holdings Ltd. | 23,927 | 136 | ||||
Stride Property Group | 134,058 | 115 | ||||
Precinct Properties New Zealand Ltd. | 134,825 | 111 | ||||
Freightways Group Ltd. | 18,588 | 110 | ||||
SKY Network Television Ltd. | 61,285 | 96 | ||||
* | Pushpay Holdings Ltd. | 108,908 | 85 | |||
* | Air New Zealand Ltd. | 166,443 | 81 | |||
Vector Ltd. | 30,069 | 76 | ||||
Vital Healthcare Property Trust | 47,576 | 70 | ||||
Kiwi Property Group Ltd. | 113,401 | 65 | ||||
Skellerup Holdings Ltd. | 17,971 | 58 | ||||
Argosy Property Ltd. | 68,829 | 47 | ||||
Arvida Group Ltd. | 73,478 | 46 | ||||
KMD Brands Ltd. | 51,665 | 36 | ||||
* | Serko Ltd. | 21,106 | 31 |
Shares | Market Value• ($000) | |||||
* | Vista Group International Ltd. | 28,108 | 25 | |||
Scales Corp. Ltd. | 9,888 | 21 | ||||
* | Tourism Holdings Ltd. | 8,218 | 20 | |||
* | Pacific Edge Ltd. | 66,132 | 19 | |||
* | Synlait Milk Ltd. | 7,302 | 15 | |||
9,633 | ||||||
Norway (0.6%) | ||||||
DNB Bank ASA | 169,116 | 3,375 | ||||
Norsk Hydro ASA | 240,303 | 1,749 | ||||
Yara International ASA | 30,937 | 1,471 | ||||
Mowi ASA | 77,770 | 1,343 | ||||
Telenor ASA | 98,485 | 1,104 | ||||
Storebrand ASA | 103,249 | 852 | ||||
Orkla ASA | 108,468 | 730 | ||||
TOMRA Systems ASA | 42,275 | 674 | ||||
SpareBank 1 SMN | 50,353 | 664 | ||||
Bakkafrost P/F | 9,613 | 629 | ||||
* | Nordic Semiconductor ASA | 30,619 | 440 | |||
Salmar ASA | 10,122 | 420 | ||||
SpareBank 1 SR-Bank ASA | 33,329 | 416 | ||||
Gjensidige Forsikring ASA | 22,776 | 404 | ||||
Schibsted ASA Class A | 18,609 | 378 | ||||
* | NEL ASA | 237,162 | 358 | |||
* | Adevinta ASA | 43,226 | 323 | |||
Aker ASA Class A | 3,243 | 229 | ||||
*,1 | AutoStore Holdings Ltd. | 110,420 | 229 | |||
Borregaard ASA | 12,812 | 217 | ||||
Schibsted ASA Class B | 10,185 | 194 | ||||
1 | Elkem ASA | 47,514 | 179 | |||
Leroy Seafood Group ASA | 35,260 | 175 | ||||
Hafnia Ltd. | 23,893 | 145 | ||||
Wallenius Wilhelmsen ASA | 14,719 | 129 | ||||
1 | BW LPG Ltd. | 13,321 | 117 | |||
*,1 | Crayon Group Holding ASA | 12,606 | 114 | |||
1 | Scatec ASA | 16,143 | 109 | |||
1 | Entra ASA | 9,765 | 109 | |||
* | Kahoot! ASA | 57,004 | 107 | |||
* | Atea ASA | 8,061 | 92 | |||
Veidekke ASA | 7,816 | 87 | ||||
Austevoll Seafood ASA | 9,161 | 78 | ||||
Stolt-Nielsen Ltd. | 2,215 | 69 | ||||
MPC Container Ships ASA | 38,954 | 69 | ||||
Bonheur ASA | 2,246 | 60 | ||||
* | Aker Carbon Capture ASA | 37,199 | 56 | |||
Sparebank 1 Oestlandet | 4,578 | 55 | ||||
* | Hexagon Composites ASA | 12,496 | 45 |
Shares | Market Value• ($000) | |||||
* | Aker Horizons ASA | 38,312 | 43 | |||
Grieg Seafood ASA | 5,168 | 37 | ||||
18,074 | ||||||
Pakistan (0.0%) | ||||||
Millat Tractors Ltd. | 26,928 | 58 | ||||
United Bank Ltd. | 101,400 | 44 | ||||
* | TRG Pakistan | 98,500 | 41 | |||
* | Lucky Cement Ltd. | 23,964 | 38 | |||
Habib Bank Ltd. | 121,342 | 32 | ||||
Engro Fertilizers Ltd. | 92,446 | 30 | ||||
* | Searle Co. Ltd. | 125,473 | ���26 | |||
MCB Bank Ltd. | 43,000 | 19 | ||||
DG Khan Cement Co. Ltd. | 23,500 | 4 | ||||
292 | ||||||
Philippines (0.2%) | ||||||
SM Prime Holdings Inc. | 1,863,700 | 1,146 | ||||
BDO Unibank Inc. | 459,034 | 1,022 | ||||
International Container Terminal Services Inc. | 203,880 | 735 | ||||
Ayala Land Inc. | 1,360,000 | 699 | ||||
Bank of the Philippine Islands | 344,540 | 683 | ||||
JG Summit Holdings Inc. | 444,300 | 395 | ||||
PLDT Inc. | 13,690 | 318 | ||||
Universal Robina Corp. | 125,750 | 310 | ||||
Metropolitan Bank & Trust Co. | 223,077 | 234 | ||||
1 | Monde Nissin Corp. | 1,047,900 | 228 | |||
Jollibee Foods Corp. | 47,590 | 206 | ||||
Wilcon Depot Inc. | 252,300 | 144 | ||||
Globe Telecom Inc. | 3,980 | 128 | ||||
Robinsons Retail Holdings Inc. | 124,080 | 122 | ||||
* | Converge Information & Communications Technology Solutions Inc. | 368,400 | 108 | |||
Security Bank Corp. | 53,520 | 99 | ||||
Nickel Asia Corp. | 756,400 | 96 | ||||
* | Cebu Air Inc. | 101,020 | 77 | |||
GT Capital Holdings Inc. | 8,260 | 77 | ||||
AREIT Inc. | 94,300 | 61 | ||||
Manila Water Co. Inc. | 166,400 | 57 | ||||
Century Pacific Food Inc. | 115,400 | 55 | ||||
Robinsons Land Corp. | 176,600 | 48 | ||||
RL Commercial REIT Inc. | 249,800 | 26 | ||||
D&L Industries Inc. | 101,700 | 15 | ||||
Filinvest Land Inc. | 339,000 | 5 | ||||
7,094 |
Shares | Market Value• ($000) | |||||
Poland (0.2%) | ||||||
Powszechna Kasa Oszczednosci Bank Polski SA | 169,479 | 1,183 | ||||
Powszechny Zaklad Ubezpieczen SA | 112,661 | 926 | ||||
Bank Polska Kasa Opieki SA | 30,373 | 611 | ||||
*,1 | Dino Polska SA | 7,319 | 611 | |||
*,1 | Allegro.eu SA | 63,045 | 411 | |||
LPP SA | 165 | 349 | ||||
CD Projekt SA | 9,661 | 288 | ||||
Santander Bank Polska SA | 4,132 | 277 | ||||
*,1 | Pepco Group NV | 23,436 | 232 | |||
KRUK SA | 1,967 | 146 | ||||
Asseco Poland SA | 7,027 | 126 | ||||
Cyfrowy Polsat SA | 31,836 | 123 | ||||
* | mBank SA | 1,637 | 121 | |||
* | Alior Bank SA | 10,426 | 95 | |||
Orange Polska SA | 56,733 | 86 | ||||
Bank Handlowy w Warszawie SA | 4,281 | 80 | ||||
* | Bank Millennium SA | 72,607 | 74 | |||
* | CCC SA | 5,109 | 41 | |||
* | Grupa Azoty SA | 4,644 | 40 | |||
Warsaw Stock Exchange | 1,564 | 13 | ||||
* | AmRest Holdings SE | 2,391 | 11 | |||
5,844 | ||||||
Portugal (0.1%) | ||||||
EDP Renovaveis SA | 46,579 | 953 | ||||
Jeronimo Martins SGPS SA | 43,552 | 894 | ||||
NOS SGPS SA | 127,650 | 564 | ||||
Sonae SGPS SA | 197,943 | 217 | ||||
Banco Comercial Portugues SA | 888,946 | 214 | ||||
CTT-Correios de Portugal SA | 39,640 | 158 | ||||
REN - Redes Energeticas Nacionais SGPS SA | 46,945 | 126 | ||||
Navigator Co. SA | 12,569 | 44 | ||||
* | Greenvolt-Energias Renovaveis SA | 3,200 | 25 | |||
Altri SGPS SA | 4,107 | 20 | ||||
3,215 | ||||||
Qatar (0.3%) | ||||||
Qatar National Bank QPSC | 731,280 | 3,384 | ||||
Qatar Islamic Bank SAQ | 291,801 | 1,490 | ||||
Industries Qatar QSC | 246,386 | 942 | ||||
Commercial Bank PSQC | 550,607 | 929 | ||||
Masraf Al Rayan QSC | 1,036,092 | 768 |
Shares | Market Value• ($000) | |||||
Qatar Gas Transport Co. Ltd. | 458,592 | 460 | ||||
Mesaieed Petrochemical Holding Co. | 654,554 | 377 | ||||
Ooredoo QPSC | 137,432 | 347 | ||||
Qatar Navigation QSC | 96,438 | 238 | ||||
Barwa Real Estate Co. | 286,341 | 216 | ||||
Vodafone Qatar QSC | 466,805 | 204 | ||||
Qatar Aluminum Manufacturing Co. | 427,710 | 199 | ||||
Doha Bank QPSC | 410,310 | 186 | ||||
United Development Co. QSC | 355,162 | 112 | ||||
Medicare Group | 61,475 | 101 | ||||
Al Meera Consumer Goods Co. QSC | 19,967 | 87 | ||||
10,040 | ||||||
Romania (0.0%) | ||||||
Banca Transilvania SA | 80,615 | 340 | ||||
* | MED Life SA | 11,561 | 45 | |||
One United Properties SA | 156,822 | 30 | ||||
Teraplast SA | 209,443 | 26 | ||||
441 | ||||||
Russia (0.0%) | ||||||
*,2 | Sberbank of Russia PJSC | 1,437,070 | — | |||
*,2 | Mobile TeleSystems PJSC ADR | 8,336 | — | |||
*,2 | Unipro PJSC | 2,240,000 | — | |||
*,2 | VTB Bank PJSC GDR | 17,656 | — | |||
2 | PhosAgro PJSC | 3,204 | — | |||
2 | OGK-2 PJSC | 6,493,000 | — | |||
*,2 | Polyus PJSC | 3,157 | — | |||
*,2 | TGC-1 PJSC | 698,000,000 | — | |||
2 | RusHydro PJSC | 6,697,000 | — | |||
*,2 | Aeroflot PJSC | 169,870 | — | |||
2 | Rostelecom PJSC | 108,980 | — | |||
2 | Rosseti Lenenergo PJSC Preference Shares | 25,440 | — | |||
*,2 | Novolipetsk Steel PJSC | 118,300 | — | |||
2 | Mobile TeleSystems PJSC | 72,320 | — | |||
*,2 | Magnit PJSC | 9,808 | — | |||
2 | Mosenergo PJSC | 1,671,000 | — | |||
*,2 | Federal Grid Co. Unified Energy System PJSC | 24,100,000 | — | |||
*,2 | M.Video PJSC | 15,392 | — | |||
*,2 | VTB Bank PJSC | 511,420,000 | — | |||
*,2 | ROSSETI PJSC | 5,225,000 | — | |||
2 | Inter RAO UES PJSC | 3,338,400 | — | |||
*,2 | EL5-ENERO PJSC | 20,838,000 | — | |||
*,2 | Sistema PJSFC | 466,300 | — |
Shares | Market Value• ($000) | |||||
*,2 | Moscow Exchange MICEX-RTS PJSC | 175,830 | — | |||
*,1,2 | Detsky Mir PJSC | 100,010 | — | |||
*,2 | Polyus PJSC GDR | 736 | — | |||
*,2 | Credit Bank of Moscow PJSC | 1,108,700 | — | |||
2 | Novorossiysk Commercial Sea Port PJSC | 1,721,500 | — | |||
2 | Cherkizovo Group PJSC | 1,432 | — | |||
2 | Samolet Group | 951 | — | |||
2 | IDGC of Centre & Volga Region PJSC | 13,690,000 | — | |||
— | ||||||
Saudi Arabia (0.8%) | ||||||
* | Al Rajhi Bank | 321,452 | 6,011 | |||
Saudi National Bank | 357,671 | 4,499 | ||||
Saudi Telecom Co. | 279,171 | 2,612 | ||||
* | Saudi Arabian Mining Co. | 130,612 | 2,209 | |||
Riyad Bank | 240,861 | 1,669 | ||||
Alinma Bank | 154,579 | 1,211 | ||||
Banque Saudi Fransi | 94,547 | 822 | ||||
Arab National Bank | 103,667 | 635 | ||||
Etihad Etisalat Co. | 56,281 | 586 | ||||
Sahara International Petrochemical Co. | 55,517 | 523 | ||||
Almarai Co. JSC | 36,949 | 516 | ||||
Jarir Marketing Co. | 8,622 | 339 | ||||
Abdullah Al Othaim Markets Co. | 9,997 | 301 | ||||
* | Dar Al Arkan Real Estate Development Co. | 78,375 | 300 | |||
* | Mobile Telecommunications Co. Saudi Arabia | 102,121 | 282 | |||
Savola Group | 34,585 | 250 | ||||
* | Co. for Cooperative Insurance | 9,773 | 242 | |||
* | Saudi Airlines Catering Co. | 11,485 | 242 | |||
Arabian Internet & Communications Services Co. | 3,603 | 237 | ||||
Saudia Dairy & Foodstuff Co. | 3,601 | 233 | ||||
Advanced Petrochemical Co. | 16,820 | 217 | ||||
Jadwa REIT Saudi Fund | 51,928 | 169 | ||||
Astra Industrial Group | 10,261 | 162 | ||||
Arriyadh Development Co. | 30,775 | 151 | ||||
Leejam Sports Co. JSC | 6,175 | 150 | ||||
* | National Industrialization Co. | 45,468 | 146 | |||
Arabian Centres Co. Ltd. | 27,779 | 145 |
Shares | Market Value• ($000) | |||||
Tabuk Cement Co. | 26,491 | 106 | ||||
Bawan Co. | 13,336 | 104 | ||||
United International Transportation Co. | 6,872 | 98 | ||||
Yanbu Cement Co. | 10,314 | 97 | ||||
* | Methanol Chemicals Co. | 14,617 | 97 | |||
* | Dur Hospitality Co. | 15,330 | 95 | |||
Northern Region Cement Co. | 30,836 | 91 | ||||
Eastern Province Cement Co. | 7,888 | 84 | ||||
Hail Cement Co. | 26,970 | 82 | ||||
Saudi Ceramic Co. | 9,332 | 75 | ||||
City Cement Co. | 13,514 | 74 | ||||
Najran Cement Co. | 19,398 | 65 | ||||
* | Sinad Holding Co. | 23,127 | 63 | |||
* | Mediterranean & Gulf Cooperative Insurance & Reinsurance Co. | 28,462 | 63 | |||
BinDawood Holding Co. | 4,181 | 62 | ||||
* | Al Jouf Cement Co. | 14,789 | 55 | |||
Saudi Chemical Co. Holding | 6,375 | 47 | ||||
Saudi Pharmaceutical Industries & Medical Appliances Corp. | 5,304 | 31 | ||||
* | Fawaz Abdulaziz Al Hokair & Co. | 5,533 | 22 | |||
* | Saudi Public Transport Co. | 4,324 | 20 | |||
* | Zamil Industrial Investment Co. | 2,495 | 10 | |||
26,300 | ||||||
Singapore (1.1%) | ||||||
DBS Group Holdings Ltd. | 292,300 | 7,416 | ||||
Oversea-Chinese Banking Corp. Ltd. | 550,200 | 5,171 | ||||
United Overseas Bank Ltd. | 205,300 | 4,551 | ||||
Singapore Telecommunications Ltd. | 1,375,300 | 2,416 | ||||
Capitaland Investment Ltd. | 521,500 | 1,438 | ||||
Wilmar International Ltd. | 458,487 | 1,340 | ||||
Singapore Exchange Ltd. | 182,000 | 1,175 | ||||
CapitaLand Ascendas REIT | 547,400 | 1,124 | ||||
CapitaLand Integrated Commercial Trust | 780,200 | 1,122 | ||||
Singapore Airlines Ltd. | 202,600 | 855 | ||||
Venture Corp. Ltd. | 57,900 | 737 | ||||
UOL Group Ltd. | 125,900 | 638 |
Shares | Market Value• ($000) | |||||
Frasers Centrepoint Trust | 330,519 | 552 | ||||
Mapletree Logistics Trust | 414,300 | 519 | ||||
ComfortDelGro Corp. Ltd. | 544,600 | 489 | ||||
Keppel DC REIT | 303,223 | 445 | ||||
Mapletree Industrial Trust | 214,900 | 376 | ||||
Frasers Logistics & Commercial Trust | 368,689 | 347 | ||||
Mapletree Pan Asia Commercial Trust | 256,600 | 327 | ||||
* | SATS Ltd. | 139,300 | 292 | |||
City Developments Ltd. | 49,200 | 282 | ||||
* | Sembcorp Marine Ltd. | 2,209,077 | 208 | |||
Sabana Industrial REIT | 632,900 | 199 | ||||
Raffles Medical Group Ltd. | 187,000 | 193 | ||||
ESR-LOGOS REIT | 717,978 | 178 | ||||
NetLink NBN Trust | 257,300 | 165 | ||||
Lendlease Global Commercial REIT | 310,632 | 164 | ||||
CapitaLand China Trust | 181,800 | 156 | ||||
AIMS APAC REIT | 149,600 | 153 | ||||
Keppel REIT | 207,800 | 143 | ||||
Starhill Global REIT | 341,900 | 142 | ||||
AEM Holdings Ltd. | 56,300 | 120 | ||||
Hutchison Port Holdings Trust | 574,900 | 106 | ||||
* | SIA Engineering Co. Ltd. | 61,500 | 106 | |||
StarHub Ltd. | 106,900 | 84 | ||||
Sheng Siong Group Ltd. | 67,800 | 82 | ||||
iFAST Corp. Ltd. | 22,100 | 82 | ||||
CDL Hospitality Trusts | 85,800 | 81 | ||||
First Resources Ltd. | 65,400 | 75 | ||||
Digital Core REIT Management Pte. Ltd. | 104,600 | 64 | ||||
UMS Holdings Ltd. | 75,500 | 61 | ||||
Olam Group Ltd. | 53,200 | 61 | ||||
Manulife US REIT | 209,594 | 57 | ||||
Hour Glass Ltd. | 34,800 | 56 | ||||
Thomson Medical Group Ltd. | 1,013,300 | 50 | ||||
Bumitama Agri Ltd. | 98,300 | 47 | ||||
Silverlake Axis Ltd. | 130,249 | 32 | ||||
Haw Par Corp. Ltd. | 3,300 | 25 | ||||
Riverstone Holdings Ltd. | 52,900 | 24 | ||||
Singapore Post Ltd. | 36,200 | 14 | ||||
Nanofilm Technologies International Ltd. | 11,500 | 13 | ||||
* | Yoma Strategic Holdings Ltd. | 71,400 | 6 | |||
*,2 | Eagle Hospitality Trust | 38,000 | — | |||
34,559 |
Shares | Market Value• ($000) | |||||
South Africa (1.1%) | ||||||
Naspers Ltd. | 35,234 | 6,196 | ||||
FirstRand Ltd. | 818,555 | 2,920 | ||||
Standard Bank Group Ltd. | 241,266 | 2,410 | ||||
Absa Group Ltd. | 156,180 | 1,686 | ||||
Capitec Bank Holdings Ltd. | 14,877 | 1,419 | ||||
Bid Corp. Ltd. | 62,136 | 1,359 | ||||
Gold Fields Ltd. | 148,899 | 1,351 | ||||
Impala Platinum Holdings Ltd. | 139,599 | 1,303 | ||||
Shoprite Holdings Ltd. | 94,494 | 1,144 | ||||
Sanlam Ltd. | 348,807 | 1,135 | ||||
Bidvest Group Ltd. | 81,593 | 1,041 | ||||
Nedbank Group Ltd. | 76,299 | 957 | ||||
Remgro Ltd. | 118,151 | 899 | ||||
Clicks Group Ltd. | 48,903 | 712 | ||||
* | Discovery Ltd. | 76,698 | 625 | |||
Mr Price Group Ltd. | 68,351 | 567 | ||||
* | Northam Platinum Holdings Ltd. | 64,967 | 535 | |||
Woolworths Holdings Ltd. | 126,891 | 532 | ||||
Vodacom Group Ltd. | 76,431 | 527 | ||||
Anglo American Platinum Ltd. | 9,305 | 515 | ||||
Aspen Pharmacare Holdings Ltd. | 57,991 | 448 | ||||
AVI Ltd. | 104,575 | 433 | ||||
Growthpoint Properties Ltd. | 563,524 | 412 | ||||
Foschini Group Ltd. | 74,132 | 410 | ||||
NEPI Rockcastle NV | 67,682 | 405 | ||||
Old Mutual Ltd. | 618,122 | 401 | ||||
MultiChoice Group | 46,797 | 361 | ||||
1 | Pepkor Holdings Ltd. | 341,446 | 349 | |||
SPAR Group Ltd. | 41,825 | 328 | ||||
Harmony Gold Mining Co. Ltd. | 90,838 | 279 | ||||
Tiger Brands Ltd. | 20,965 | 253 | ||||
Investec Ltd. | 35,005 | 224 | ||||
Sappi Ltd. | 76,661 | 204 | ||||
Redefine Properties Ltd. | 964,963 | 201 | ||||
Life Healthcare Group Holdings Ltd. | 182,951 | 195 | ||||
African Rainbow Minerals Ltd. | 13,980 | 194 | ||||
Kumba Iron Ore Ltd. | 7,335 | 191 | ||||
OUTsurance Group Ltd. | 91,164 | 177 | ||||
Royal Bafokeng Platinum Ltd. | 20,493 | 174 | ||||
Momentum Metropolitan Holdings | 126,415 | 137 | ||||
Netcare Ltd. | 157,245 | 130 | ||||
Truworths International Ltd. | 37,256 | 120 |
Shares | Market Value• ($000) | |||||
Pick n Pay Stores Ltd. | 44,098 | 110 | ||||
Transaction Capital Ltd. | 60,596 | 103 | ||||
Barloworld Ltd. | 20,248 | 101 | ||||
Motus Holdings Ltd. | 16,791 | 101 | ||||
* | Fortress Real Estate Investments Ltd. Class B | 326,354 | 82 | |||
Advtech Ltd. | 68,540 | 69 | ||||
KAP Industrial Holdings Ltd. | 332,934 | 63 | ||||
* | Telkom SA SOC Ltd. | 28,773 | 60 | |||
DataTec Ltd. | 31,485 | 58 | ||||
Super Group Ltd. | 30,507 | 58 | ||||
Ninety One Ltd. | 17,508 | 44 | ||||
1 | Dis-Chem Pharmacies Ltd. | 28,893 | 43 | |||
Santam Ltd. | 2,634 | 42 | ||||
Omnia Holdings Ltd. | 12,166 | 40 | ||||
Raubex Group Ltd. | 23,881 | 37 | ||||
AECI Ltd. | 6,429 | 33 | ||||
Hyprop Investments Ltd. | 16,725 | 31 | ||||
Astral Foods Ltd. | 3,351 | 30 | ||||
Adcock Ingram Holdings Ltd. | 9,871 | 29 | ||||
Cashbuild Ltd. | 2,490 | 27 | ||||
* | Fortress Real Estate Investments Ltd. Class A | 42,461 | 24 | |||
Equites Property Fund Ltd. | 27,807 | 23 | ||||
SA Corporate Real Estate Ltd. | 192,130 | 23 | ||||
Resilient REIT Ltd. | 8,354 | 23 | ||||
* | Wilson Bayly Holmes-Ovcon Ltd. | 3,902 | 22 | |||
DRDGOLD Ltd. | 27,806 | 20 | ||||
Attacq Ltd. | 41,176 | 19 | ||||
* | Blue Label Telecoms Ltd. | 72,465 | 18 | |||
Curro Holdings Ltd. | 34,490 | 17 | ||||
MAS plc | 14,454 | 17 | ||||
JSE Ltd. | 2,651 | 16 | ||||
*,3 | Steinhoff International Holdings NV | 646,051 | 14 | |||
* | Zeda Ltd. | 20,248 | 13 | |||
Alexander Forbes Group Holdings Ltd. | 31,573 | 9 | ||||
Emira Property Fund Ltd. | 14,713 | 9 | ||||
Coronation Fund Managers Ltd. | 4,546 | 8 | ||||
* | Brait plc | 24,943 | 5 | |||
35,300 | ||||||
South Korea (3.8%) | ||||||
Samsung Electronics Co. Ltd. | 733,957 | 33,582 |
Shares | Market Value• ($000) | |||||
Samsung Electronics Co. Ltd. Preference Shares | 193,393 | 7,798 | ||||
SK Hynix Inc. | 89,271 | 6,033 | ||||
Samsung SDI Co. Ltd. | 8,329 | 4,376 | ||||
NAVER Corp. | 23,748 | 3,733 | ||||
LG Chem Ltd. | 6,769 | 3,475 | ||||
Hyundai Motor Co. | 21,441 | 2,854 | ||||
KB Financial Group Inc. | 63,655 | 2,465 | ||||
Shinhan Financial Group Co. Ltd. | 80,972 | 2,378 | ||||
Kakao Corp. | 48,727 | 2,294 | ||||
Celltrion Inc. | 17,741 | 1,946 | ||||
*,1 | Samsung Biologics Co. Ltd. | 2,887 | 1,687 | |||
Hana Financial Group Inc. | 46,883 | 1,608 | ||||
Hyundai Mobis Co. Ltd. | 9,708 | 1,559 | ||||
LG Electronics Inc. | 15,567 | 1,306 | ||||
Samsung Electro-Mechanics Co. Ltd. | 8,665 | 942 | ||||
* | HMM Co. Ltd. | 53,317 | 907 | |||
Woori Financial Group Inc. | 97,813 | 902 | ||||
NCSoft Corp. | 2,506 | 822 | ||||
LG Corp. | 12,301 | 765 | ||||
Ecopro BM Co. Ltd. | 6,080 | 764 | ||||
Samsung Fire & Marine Insurance Co. Ltd. | 4,423 | 717 | ||||
POSCO Chemical Co. Ltd. | 4,279 | 714 | ||||
L&F Co. Ltd. | 3,590 | 710 | ||||
LG H&H Co. Ltd. | 1,402 | 707 | ||||
LG Chem Ltd. Preference Shares | 3,075 | 682 | ||||
Korea Zinc Co. Ltd. | 1,489 | 657 | ||||
Celltrion Healthcare Co. Ltd. | 15,294 | 629 | ||||
Ecopro Co. Ltd. | 2,825 | 609 | ||||
* | Krafton Inc. | 4,702 | 602 | |||
Samsung Life Insurance Co. Ltd. | 11,450 | 590 | ||||
Hyundai Motor Co. Preference Shares | 8,202 | 571 | ||||
* | KakaoBank Corp. | 28,073 | 565 | |||
* | Hanwha Solutions Corp. | 17,664 | 555 | |||
Meritz Financial Group Inc. | 16,015 | 544 | ||||
* | Samsung Engineering Co. Ltd. | 24,478 | 485 | |||
Samsung SDS Co. Ltd. | 5,109 | 483 | ||||
LG Innotek Co. Ltd. | 2,100 | 439 | ||||
* | LG Display Co. Ltd. | 36,637 | 423 | |||
*,3 | Samsung Heavy Industries Co. Ltd. | 98,204 | 408 | |||
DB Insurance Co. Ltd. | 6,920 | 403 |
Shares | Market Value• ($000) | |||||
Amorepacific Corp. | 3,709 | 388 | ||||
* | HLB Inc. | 15,517 | 378 | |||
Coway Co. Ltd. | 8,670 | 350 | ||||
Mirae Asset Securities Co. Ltd. | 64,531 | 348 | ||||
BNK Financial Group Inc. | 67,705 | 343 | ||||
Hyundai Glovis Co. Ltd. | 2,730 | 327 | ||||
Samsung Securities Co. Ltd. | 12,794 | 324 | ||||
Hankook Tire & Technology Co. Ltd. | 11,267 | 317 | ||||
CJ CheilJedang Corp. | 1,224 | 297 | ||||
SM Entertainment Co. Ltd. | 2,770 | 266 | ||||
Hotel Shilla Co. Ltd. | 4,382 | 265 | ||||
Hyundai Steel Co. | 10,012 | 265 | ||||
* | Korea Investment Holdings Co. Ltd. | 5,489 | 257 | |||
Samsung SDI Co. Ltd. Preference Shares | 1,060 | 249 | ||||
Industrial Bank of Korea | 31,514 | 247 | ||||
F&F Co. Ltd. | 2,338 | 245 | ||||
LG Electronics Inc. Preference Shares | 6,781 | 243 | ||||
* | NH Investment & Securities Co. Ltd. | 33,668 | 242 | |||
Hyundai Motor Co. Preference Shares | 3,394 | 241 | ||||
Hyundai Marine & Fire Insurance Co. Ltd. | 8,870 | 236 | ||||
SK Telecom Co. Ltd. | 6,694 | 228 | ||||
LG Uplus Corp. | 26,370 | 221 | ||||
Fila Holdings Corp. | 7,354 | 217 | ||||
* | Hanmi Pharm Co. Ltd. | 1,104 | 216 | |||
Meritz Securities Co. Ltd. | 40,237 | 214 | ||||
LOTTE Fine Chemical Co. Ltd. | 4,737 | 208 | ||||
SKC Co. Ltd. | 2,779 | 206 | ||||
* | JYP Entertainment Corp. | 3,440 | 204 | |||
*,1 | SK IE Technology Co. Ltd. | 3,752 | 185 | |||
Samsung Fire & Marine Insurance Co. Ltd. Preference Shares | 1,490 | 181 | ||||
DB HiTek Co. Ltd. | 5,308 | 181 | ||||
* | SK Bioscience Co. Ltd. | 3,377 | 178 | |||
Hansol Chemical Co. Ltd. | 1,145 | 177 | ||||
LEENO Industrial Inc. | 1,429 | 175 | ||||
* | SOLUM Co. Ltd. | 10,106 | 169 | |||
* | CosmoAM&T Co. Ltd. | 2,878 | 168 | |||
* | Kolmar Korea Co. Ltd. | 5,343 | 164 | |||
* | SK Biopharmaceuticals Co. Ltd. | 3,252 | 164 |
Shares | Market Value• ($000) | |||||
Hyosung Advanced Materials Corp. | 524 | 163 | ||||
Binggrae Co. Ltd. | 5,042 | 160 | ||||
* | Pearl Abyss Corp. | 4,645 | 157 | |||
Hyosung TNC Corp. | 451 | 156 | ||||
Amorepacific Corp. Preference Shares | 4,447 | 153 | ||||
JB Financial Group Co. Ltd. | 21,976 | 153 | ||||
JR Global REIT | 44,619 | 153 | ||||
HL Mando Co. Ltd. | 4,209 | 151 | ||||
* | Hyundai Mipo Dockyard Co. Ltd. | 2,824 | 150 | |||
* | KIWOOM Securities Co. Ltd. | 1,900 | 148 | |||
* | Youngone Corp. | 4,603 | 148 | |||
* | Alteogen Inc. | 5,181 | 147 | |||
* | Kakao Games Corp. | 3,936 | 146 | |||
Hanon Systems | 20,946 | 143 | ||||
Pan Ocean Co. Ltd. | 28,054 | 134 | ||||
CS Wind Corp. | 2,630 | 133 | ||||
Cheil Worldwide Inc. | 8,667 | 131 | ||||
* | Bioneer Corp. | 3,245 | 131 | |||
KC Co. Ltd. | 8,513 | 130 | ||||
Posco ICT Co. Ltd. | 25,095 | 129 | ||||
DGB Financial Group Inc. | 21,571 | 129 | ||||
Daol Investment & Securities Co. Ltd. | 34,676 | 128 | ||||
MegaStudyEdu Co. Ltd. | 2,449 | 128 | ||||
Eusu Holdings Co. Ltd. | 23,518 | 127 | ||||
BGF retail Co. Ltd. | 929 | 127 | ||||
AMOREPACIFIC Group | 4,161 | 126 | ||||
Harim Holdings Co. Ltd. | 13,962 | 126 | ||||
Dae Han Flour Mills Co. Ltd. | 1,068 | 124 | ||||
WONIK IPS Co. Ltd. | 5,305 | 124 | ||||
Maeil Dairies Co. Ltd. | 3,291 | 123 | ||||
KCC Corp. | 654 | 121 | ||||
* | Celltrion Pharm Inc. | 2,800 | 121 | |||
* | Ottogi Corp. | 353 | 117 | |||
* | Eugene Investment & Securities Co. Ltd. | 57,667 | 117 | |||
Advanced Nano Products Co. Ltd. | 1,120 | 117 | ||||
Youlchon Chemical Co. Ltd. | 3,154 | 115 | ||||
Park Systems Corp. | 1,116 | 115 | ||||
Koh Young Technology Inc. | 8,974 | 113 | ||||
Shinsegae International Inc. | 6,659 | 113 | ||||
*,1 | Netmarble Corp. | 2,361 | 110 | |||
LX Semicon Co. Ltd. | 1,551 | 108 | ||||
* | Hanwha Life Insurance Co. Ltd. | 48,048 | 108 | |||
S-1 Corp. | 2,499 | 107 |
Shares | Market Value• ($000) | |||||
* | Cosmax Inc. | 1,826 | 107 | |||
Hansol Holdings Co. Ltd. | 40,245 | 106 | ||||
Korea Asset In Trust Co. Ltd. | 47,142 | 106 | ||||
* | Hana Tour Service Inc. | 2,152 | 105 | |||
* | Hyundai Bioscience Co. Ltd. | 5,242 | 104 | |||
Mcnex Co. Ltd. | 4,993 | 104 | ||||
* | HLB Life Science Co. Ltd. | 12,319 | 103 | |||
Wemade Co. Ltd. | 2,568 | 103 | ||||
Chunbo Co. Ltd. | 542 | 103 | ||||
InBody Co. Ltd. | 4,674 | 102 | ||||
LG H&H Co. Ltd. Preference Shares | 474 | 102 | ||||
* | GemVax & Kael Co. Ltd. | 8,613 | 102 | |||
Hanjin Kal Corp. | 3,011 | 102 | ||||
* | CJ ENM Co. Ltd. | 1,406 | 98 | |||
Hyundai Department Store Co. Ltd. | 2,381 | 98 | ||||
People & Technology Inc. | 2,911 | 96 | ||||
Kyobo Securities Co. Ltd. | 22,409 | 95 | ||||
Sindoh Co. Ltd. | 3,764 | 95 | ||||
* | Cuckoo Homesys Co. Ltd. | 4,132 | 94 | |||
Daeduck Electronics Co. Ltd. | 5,916 | 94 | ||||
Hansol Technics Co. Ltd. | 20,444 | 93 | ||||
Foosung Co. Ltd. | 9,231 | 93 | ||||
* | Dongjin Semichem Co. Ltd. | 3,425 | 92 | |||
S&S Tech Corp. | 3,864 | 92 | ||||
Daejoo Electronic Materials Co. Ltd. | 1,286 | 92 | ||||
* | STCUBE | 6,890 | 91 | |||
* | Seoul Semiconductor Co. Ltd. | 11,036 | 91 | |||
* | SK Securities Co. Ltd. | 157,579 | 91 | |||
DoubleUGames Co. Ltd. | 2,609 | 91 | ||||
Soulbrain Co. Ltd. | 509 | 90 | ||||
LOTTE REIT Co. Ltd. | 30,078 | 90 | ||||
Doosan Bobcat Inc. | 3,100 | 89 | ||||
Lotte Shopping Co. Ltd. | 1,336 | 88 | ||||
* | Naturecell Co. Ltd. | 7,141 | 87 | |||
* | Korea Line Corp. | 49,353 | 87 | |||
Korean Reinsurance Co. | 14,175 | 87 | ||||
i-SENS Inc. | 3,565 | 87 | ||||
Samsung Card Co. Ltd. | 3,697 | 86 | ||||
Daou Technology Inc. | 5,200 | 85 | ||||
Dongwon Industries Co. Ltd. | 2,190 | 85 | ||||
Sam Young Electronics Co. Ltd. | 11,789 | 84 |
Shares | Market Value• ($000) | |||||
* | Duk San Neolux Co. Ltd. | 2,518 | 84 | |||
* | Namyang Dairy Products Co. Ltd. | 194 | 83 | |||
* | Youngone Holdings Co. Ltd. | 1,569 | 82 | |||
* | NICE Information Service Co. Ltd. | 8,409 | 82 | |||
* | SPC Samlip Co. Ltd. | 1,535 | 82 | |||
* | Creative & Innovative System | 10,517 | 82 | |||
Innox Advanced Materials Co. Ltd. | 2,734 | 80 | ||||
* | DB Financial Investment Co. Ltd. | 24,968 | 79 | |||
Hanmi Semiconductor Co. Ltd. | 6,523 | 79 | ||||
KH Vatec Co. Ltd. | 6,977 | 77 | ||||
Ecopro HN Co. Ltd. | 1,964 | 77 | ||||
* | LegoChem Biosciences Inc. | 2,690 | 76 | |||
* | NHN Corp. | 3,452 | 76 | |||
CJ Logistics Corp. | 1,213 | 75 | ||||
Lotte Corp. | 3,252 | 75 | ||||
* | Asiana Airlines Inc. | 6,963 | 74 | |||
Partron Co. Ltd. | 12,074 | 74 | ||||
* | SIMMTECH Co. Ltd. | 3,410 | 74 | |||
* | SK oceanplant Co. Ltd. | 4,947 | 74 | |||
KISWIRE Ltd. | 4,445 | 73 | ||||
Toptec Co. Ltd. | 9,683 | 73 | ||||
* | Dentium Co. Ltd. | 793 | 72 | |||
* | Hugel Inc. | 742 | 72 | |||
AfreecaTV Co. Ltd. | 1,066 | 72 | ||||
Seobu T&D | 11,851 | 71 | ||||
* | Wonik Holdings Co. Ltd. | 26,653 | 70 | |||
Sangsangin Co. Ltd. | 15,579 | 70 | ||||
* | Daesang Corp. | 4,629 | 70 | |||
Samwha Capacitor Co. Ltd. | 2,038 | 69 | ||||
Dongkuk Steel Mill Co. Ltd. | 6,650 | 69 | ||||
* | Eo Technics Co. Ltd. | 1,181 | 68 | |||
CJ Corp. | 1,025 | 67 | ||||
* | Sam Chun Dang Pharm Co. Ltd. | 1,708 | 67 | |||
CJ Freshway Corp. | 2,829 | 66 | ||||
Kolon Industries Inc. | 1,934 | 66 | ||||
SK Gas Ltd. | 688 | 65 | ||||
Innocean Worldwide Inc. | 2,014 | 65 | ||||
TY Holdings Co. Ltd. | 6,915 | 65 | ||||
Hanil Holdings Co. Ltd. | 7,572 | 63 | ||||
YG Entertainment Inc. | 1,439 | 63 | ||||
* | Advanced Process Systems Corp. | 4,113 | 63 | |||
Dongwon F&B Co. Ltd. | 507 | 62 | ||||
LS Electric Co. Ltd. | 1,643 | 62 |
Shares | Market Value• ($000) | |||||
* | Hyundai Elevator Co. Ltd. | 2,936 | 62 | |||
* | Modetour Network Inc. | 3,999 | 62 | |||
KT Skylife Co. Ltd. | 10,313 | 62 | ||||
* | Shinsung E&G Co. Ltd. | 48,757 | 62 | |||
LX Holdings Corp. | 9,687 | 62 | ||||
* | IS Dongseo Co. Ltd. | 1,835 | 61 | |||
* | Interflex Co. Ltd. | 7,695 | 61 | |||
* | Able C&C Co. Ltd. | 11,003 | 61 | |||
Com2uSCorp | 1,190 | 61 | ||||
PharmaResearch Co. Ltd. | 1,081 | 61 | ||||
* | Wysiwyg Studios Co. Ltd. | 4,508 | 61 | |||
* | Kolmar Korea Holdings Co. Ltd. | 4,921 | 60 | |||
* | Humasis Co. Ltd. | 5,391 | 60 | |||
Yuanta Securities Korea Co. Ltd. | 28,078 | 59 | ||||
* | Chabiotech Co. Ltd. | 5,571 | 59 | |||
* | Pharmicell Co. Ltd. | 7,990 | 58 | |||
* | Medipost Co. Ltd. | 4,996 | 58 | |||
iMarketKorea Inc. | 7,289 | 58 | ||||
Ahnlab Inc. | 1,001 | 57 | ||||
ST Pharm Co. Ltd. | 968 | 57 | ||||
Hyundai Bioland Co. Ltd. | 6,027 | 57 | ||||
* | GeneOne Life Science Inc. | 10,592 | 57 | |||
* | Oscotec Inc. | 4,105 | 56 | |||
Hyundai Construction Equipment Co. Ltd. | 1,347 | 56 | ||||
* | Eoflow Co. Ltd. | 2,993 | 56 | |||
* | Lutronic Corp. | 2,745 | 55 | |||
* | ABLBio Inc. | 3,505 | 55 | |||
RFHIC Corp. | 3,212 | 54 | ||||
Daeduck Co. Ltd. | 10,366 | 53 | ||||
Eugene Technology Co. Ltd. | 2,626 | 53 | ||||
HAESUNG DS Co. Ltd. | 1,752 | 53 | ||||
* | SFA Semicon Co. Ltd. | 16,020 | 52 | |||
Hyundai Greenfood Co. Ltd. | 9,454 | 52 | ||||
Hanil Cement Co. Ltd. | 5,724 | 52 | ||||
* | Daishin Securities Co. Ltd. | 5,185 | 51 | |||
Dongsuh Cos. Inc. | 3,470 | 51 | ||||
* | Hanall Biopharma Co. Ltd. | 4,349 | 51 | |||
* | Vaxcell-Bio Therapeutics Co. Ltd. | 1,986 | 51 | |||
Woongjin Thinkbig Co. Ltd. | 22,181 | ��� 50 | ||||
* | Amicogen Inc. | 3,483 | 50 | |||
Chong Kun Dang Pharmaceutical Corp. | 843 | 50 |
Shares | Market Value• ($000) | |||||
Tokai Carbon Korea Co. Ltd. | 624 | 50 | ||||
* | Enchem Co. Ltd. | 1,081 | 50 | |||
Jusung Engineering Co. Ltd. | 5,500 | 49 | ||||
* | Hanjin Transportation Co. Ltd. | 3,074 | 49 | |||
Webzen Inc. | 3,628 | 49 | ||||
ICD Co. Ltd. | 6,320 | 49 | ||||
KC Tech Co. Ltd. | 3,625 | 49 | ||||
* | UniTest Inc. | 5,156 | 49 | |||
Sebang Global Battery Co. Ltd. | 1,217 | 48 | ||||
SL Corp. | 2,310 | 48 | ||||
* | Daewoong Pharmaceutical Co. Ltd. | 544 | 48 | |||
* | Homecast Co. Ltd. | 14,978 | 48 | |||
* | Hanwha General Insurance Co. Ltd. | 12,867 | 48 | |||
ENF Technology Co. Ltd. | 2,744 | 48 | ||||
* | Daea TI Co. Ltd. | 19,070 | 46 | |||
SSANGYONG C&E Co. Ltd. | 10,590 | 46 | ||||
* | CMG Pharmaceutical Co. Ltd. | 26,786 | 45 | |||
* | Neowiz | 1,279 | 45 | |||
Dong-A ST Co. Ltd. | 1,016 | 45 | ||||
* | GOLFZON Co. Ltd. | 418 | 45 | |||
* | NKMax Co. Ltd. | 4,832 | 45 | |||
* | Han Kuk Carbon Co. Ltd. | 5,293 | 45 | |||
Gradiant Corp. | 3,857 | 44 | ||||
* | Hyosung Heavy Industries Corp. | 814 | 44 | |||
* | Hana Micron Inc. | 5,283 | 44 | |||
* | Myoung Shin Industrial Co. Ltd. | 2,881 | 44 | |||
Shinhan Alpha REIT Co. Ltd. | 8,498 | 43 | ||||
TES Co. Ltd. | 2,992 | 42 | ||||
Vieworks Co. Ltd. | 1,793 | 42 | ||||
* | HS Industries Co. Ltd. | 13,845 | 41 | |||
Samyang Holdings Corp. | 694 | 41 | ||||
Young Poong Corp. | 88 | 41 | ||||
BH Co. Ltd. | 2,310 | 41 | ||||
* | Ananti Inc. | 7,379 | 40 | |||
INTOPS Co. Ltd. | 1,889 | 40 | ||||
* | NICE Holdings Co. Ltd. | 3,866 | 40 | |||
* | Kumho Tire Co. Inc. | 16,081 | 40 | |||
Zinus Inc. | 1,742 | 40 | ||||
Hyundai Autoever Corp. | 464 | 40 | ||||
* | Daewoong Co. Ltd. | 3,023 | 39 | |||
* | Aprogen Biologics | 145,301 | 39 | |||
* | ITM Semiconductor Co. Ltd. | 1,835 | 39 |
Shares | Market Value• ($000) | |||||
Doosan Tesna Inc. | 1,544 | 39 | ||||
SK Telecom Co. Ltd. ADR | 2,053 | 39 | ||||
Green Cross Holdings Corp. | 3,162 | 38 | ||||
* | Genexine Inc. | 3,512 | 38 | |||
* | PI Advanced Materials Co. Ltd. | 1,453 | 38 | |||
L&C Bio Co. Ltd. | 2,238 | 38 | ||||
* | NEPES Corp. | 2,665 | 36 | |||
* | Helixmith Co. Ltd. | 4,555 | 36 | |||
* | iNtRON Biotechnology Inc. | 5,515 | 36 | |||
* | HLB Therapeutics Co. Ltd. | 4,045 | 36 | |||
OptoElectronics Solutions Co. Ltd. | 2,577 | 36 | ||||
GC Cell Corp. | 1,068 | 36 | ||||
Lotte Rental Co. Ltd. | 1,780 | 36 | ||||
* | Insun ENT Co. Ltd. | �� 5,066 | 35 | |||
* | Studio Dragon Corp. | 606 | 35 | |||
* | Eutilex Co. Ltd. | 8,139 | 35 | |||
Unid Co. Ltd. | 564 | 35 | ||||
* | Daishin Securities Co. Ltd. Preference Shares | 3,701 | 34 | |||
* | Hancom Inc. | 2,992 | 34 | |||
* | Cafe24 Corp. | 4,294 | 34 | |||
* | Mirae Asset Life Insurance Co. Ltd. | 15,401 | 34 | |||
* | AbClon Inc. | 2,495 | 34 | |||
* | HK inno N Corp. | 1,229 | 34 | |||
Korea Petrochemical Ind Co. Ltd. | 249 | 33 | ||||
* | Tongyang Inc. | 40,643 | 33 | |||
Intellian Technologies Inc. | 540 | 33 | ||||
Taeyoung Engineering & Construction Co. Ltd. | 9,768 | 32 | ||||
Korea Electric Terminal Co. Ltd. | 722 | 31 | ||||
* | Eubiologics Co. Ltd. | 5,035 | 31 | |||
TKG Huchems Co. Ltd. | 1,974 | 30 | ||||
LF Corp. | 2,298 | 30 | ||||
* | Tongyang Life Insurance Co. Ltd. | 9,006 | 30 | |||
Humedix Co. Ltd. | 1,444 | 30 | ||||
Byucksan Corp. | 16,978 | 29 | ||||
* | Hanwha Investment & Securities Co. Ltd. | 12,702 | 29 | |||
* | Com2uS Holdings Corp. | 778 | 29 | |||
Sungwoo Hitech Co. Ltd. | 5,321 | 28 | ||||
DongKook Pharmaceutical Co. Ltd. | 2,270 | 28 | ||||
Huons Co. Ltd. | 1,104 | 28 | ||||
* | MedPacto Inc. | 1,912 | 28 |
Shares | Market Value• ($000) | |||||
Kwang Dong Pharmaceutical Co. Ltd. | 6,101 | 27 | ||||
* | Yungjin Pharmaceutical Co. Ltd. | 10,899 | 27 | |||
* | CJ CGV Co. Ltd. | 2,121 | 27 | |||
Samyang Corp. | 836 | 27 | ||||
* | Seojin System Co. Ltd. | 2,115 | 27 | |||
* | HDC Holdings Co. Ltd. | 5,695 | 26 | |||
HL Holdings Corp. | 1,004 | 26 | ||||
Hansol Paper Co. Ltd. | 2,818 | 26 | ||||
KCC Glass Corp. | 840 | 26 | ||||
* | DIO Corp. | 1,349 | 25 | |||
* | Sambu Engineering & Construction Co. Ltd. | 24,425 | 25 | |||
* | OliX Pharmaceuticals Inc. | 1,510 | 25 | |||
Boryung | 3,724 | 25 | ||||
* | Hyosung Chemical Corp. | 217 | 24 | |||
NHN KCP Corp. | 2,311 | 24 | ||||
Handsome Co. Ltd. | 1,165 | 23 | ||||
* | CUROCOM Co. Ltd. | 56,971 | 23 | |||
Hansae Co. Ltd. | 1,819 | 23 | ||||
* | Cellivery Therapeutics Inc. | 2,360 | 23 | |||
Dong-A Socio Holdings Co. Ltd. | 303 | 22 | ||||
Hanssem Co. Ltd. | 663 | 22 | ||||
* | Inscobee Inc. | 20,202 | 21 | |||
* | Nexen Tire Corp. | 3,733 | 21 | |||
Hyundai Home Shopping Network Corp. | 528 | 21 | ||||
JW Pharmaceutical Corp. | 1,264 | 20 | ||||
Namhae Chemical Corp. | 2,835 | 19 | ||||
Korea Real Estate Investment & Trust Co. Ltd. | 19,485 | 19 | ||||
* | Komipharm International Co. Ltd. | 3,739 | 19 | |||
Nature Holdings Co. Ltd. | 949 | 19 | ||||
* | BNC Korea Co. Ltd. | 5,668 | 19 | |||
* | Giantstep Inc. | 1,095 | 19 | |||
* | Binex Co. Ltd. | 2,235 | 18 | |||
* | Taekwang Industrial Co. Ltd. | 31 | 18 | |||
* | Dongsung Pharmaceutical Co. Ltd. | 3,606 | 18 | |||
Solid Inc. | 4,031 | 18 | ||||
* | Mezzion Pharma Co. Ltd. | 1,412 | 17 | |||
* | Bukwang Pharmaceutical Co. Ltd. | 2,512 | 16 |
Shares | Market Value• ($000) | |||||
LX Hausys Ltd. | 610 | 16 | ||||
* | Peptron Inc. | 2,777 | 16 | |||
* | Namsun Aluminum Co. Ltd. | 8,724 | 16 | |||
Korea United Pharm Inc. | 915 | 16 | ||||
* | Samsung Pharmaceutical Co. Ltd. | 7,549 | 15 | |||
Huons Global Co. Ltd. | 996 | 15 | ||||
LG HelloVision Co. Ltd. | 4,383 | 15 | ||||
* | Anterogen Co. Ltd. | 803 | 14 | |||
* | KH FEELUX Co. Ltd. | 31,317 | 13 | |||
* | Hyundai Livart Furniture Co. Ltd. | 2,006 | 13 | |||
* | CrystalGenomics Inc. | 5,185 | 13 | |||
BGF Co. Ltd. | 3,740 | 13 | ||||
Hankook & Co. Co. Ltd. | 1,208 | 12 | ||||
Ilyang Pharmaceutical Co. Ltd. | 837 | 12 | ||||
* | Telcon RF Pharmaceutical Inc. | 12,975 | 12 | |||
Soulbrain Holdings Co. Ltd. | 579 | 11 | ||||
* | Cuckoo Holdings Co. Ltd. | 938 | 11 | |||
Songwon Industrial Co. Ltd. | 652 | 9 | ||||
* | Cellid Co. Ltd. | 1,064 | 9 | |||
Jeil Pharmaceutical Co. Ltd. | 482 | 7 | ||||
Lock&Lock Co. Ltd. | 1,322 | 6 | ||||
* | Enzychem Lifesciences Corp. | 5,028 | 6 | |||
* | Unid Btplus Co. Ltd. | 884 | 6 | |||
Chongkundang Holdings Corp. | 97 | 4 | ||||
CJ CheilJedang Corp. Preference Shares | 25 | 3 | ||||
122,262 | ||||||
Spain (1.5%) | ||||||
Banco Santander SA | 2,720,961 | 10,714 | ||||
Banco Bilbao Vizcaya Argentaria SA | 1,046,238 | 8,132 | ||||
Industria de Diseno Textil SA | 176,518 | 5,438 | ||||
* | Amadeus IT Group SA | 74,186 | 4,665 | |||
1 | Cellnex Telecom SA | 95,954 | 3,600 | |||
Telefonica SA | 881,406 | 3,596 | ||||
CaixaBank SA | 711,671 | 3,056 | ||||
Ferrovial SA | 79,548 | 2,208 | ||||
*,1 | Aena SME SA | 12,259 | 1,897 | |||
Banco de Sabadell SA | 960,452 | 1,255 | ||||
Bankinter SA | 134,026 | 943 | ||||
Merlin Properties Socimi SA | 88,792 | 845 | ||||
Viscofan SA | 5,505 | 352 | ||||
Acerinox SA | 31,506 | 346 |
Shares | Market Value• ($000) | |||||
Vidrala SA | 2,890 | 307 | ||||
Inmobiliaria Colonial Socimi SA | 38,162 | 274 | ||||
Fluidra SA | 15,610 | 271 | ||||
1 | Unicaja Banco SA | 209,656 | 269 | |||
Faes Farma SA | 70,499 | 257 | ||||
Mapfre SA | 95,361 | 205 | ||||
Grupo Catalana Occidente SA | 5,426 | 177 | ||||
* | Solaria Energia y Medio Ambiente SA | 8,268 | 152 | |||
Laboratorios Farmaceuticos Rovi SA | 2,568 | 113 | ||||
Pharma Mar SA | 1,642 | 97 | ||||
1 | Gestamp Automocion SA | 20,764 | 96 | |||
Linea Directa Aseguradora SA Cia de Seguros y Reaseguros | 93,929 | 93 | ||||
Almirall SA | 8,631 | 83 | ||||
Sacyr SA | 22,694 | 74 | ||||
Ebro Foods SA | 3,271 | 56 | ||||
* | Melia Hotels International SA | 6,707 | 44 | |||
1 | Prosegur Cash SA | 56,654 | 43 | |||
Corp. Financiera Alba SA | 911 | 42 | ||||
1 | Neinor Homes SA | 3,582 | 35 | |||
Lar Espana Real Estate Socimi SA | 6,008 | 35 | ||||
* | Mediaset Espana Comunicacion SA | 9,907 | 34 | |||
Construcciones y Auxiliar de Ferrocarriles SA | 1,148 | 34 | ||||
1 | Aedas Homes SA | 1,931 | 30 | |||
* | Distribuidora Internacional de Alimentacion SA | 1,053,042 | 19 | |||
1 | Global Dominion Access SA | 4,668 | 17 | |||
Prosegur Cia de Seguridad SA | 6,488 | 13 | ||||
* | NH Hotel Group SA | 2,962 | 12 | |||
Atresmedia Corp. de Medios de Comunicacion SA | 2,847 | 10 | ||||
49,939 | ||||||
Sweden (2.4%) | ||||||
Atlas Copco AB Class B | 610,918 | 6,436 | ||||
Investor AB Class A | 257,847 | 5,286 | ||||
Assa Abloy AB Class B | 160,178 | 3,898 | ||||
Swedbank AB Class A | 161,375 | 3,297 | ||||
Skandinaviska Enskilda Banken AB Class A | 253,228 | 3,168 | ||||
Essity AB Class B | 105,944 | 2,858 |
Shares | Market Value• ($000) | |||||
Telefonaktiebolaget LM Ericsson Class B | 507,502 | 2,810 | ||||
Svenska Handelsbanken AB Class A | 260,643 | 2,765 | ||||
Epiroc AB Class A | 139,731 | 2,685 | ||||
Nibe Industrier AB Class B | 239,657 | 2,478 | ||||
Investor AB Class B | 110,599 | 2,136 | ||||
Boliden AB | 48,089 | 1,969 | ||||
Industrivarden AB Class A | 62,321 | 1,713 | ||||
H & M Hennes & Mauritz AB Class B | 124,960 | 1,575 | ||||
Svenska Cellulosa AB SCA Class B | 112,232 | 1,566 | ||||
SKF AB Class B | 73,439 | 1,395 | ||||
Skanska AB Class B | 72,807 | 1,323 | ||||
Trelleborg AB Class B | 47,169 | 1,216 | ||||
EQT AB | 54,323 | 1,215 | ||||
Telia Co. AB | 456,126 | 1,178 | ||||
Tele2 AB Class B | 108,757 | 1,000 | ||||
Atlas Copco AB Class A | 83,530 | 992 | ||||
SSAB AB Class B | 138,061 | 944 | ||||
Getinge AB Class B | 43,375 | 932 | ||||
* | Swedish Orphan Biovitrum AB | 35,869 | 826 | |||
Securitas AB Class B | 87,106 | 750 | ||||
AddTech AB Class B | 41,606 | 745 | ||||
Sagax AB Class B | 29,602 | 728 | ||||
Beijer Ref AB Class B | 45,061 | 699 | ||||
* | Kinnevik AB Class B | 46,421 | 690 | |||
Castellum AB | 48,609 | 619 | ||||
Avanza Bank Holding AB | 21,343 | 564 | ||||
Elekta AB Class B | 72,114 | 563 | ||||
Holmen AB Class B | 13,146 | 531 | ||||
Electrolux AB Class B | 43,076 | 521 | ||||
* | Fastighets AB Balder Class B | 104,022 | 515 | |||
L E Lundbergforetagen AB Class B | 10,907 | 506 | ||||
Husqvarna AB Class B | 55,176 | 489 | ||||
Investment AB Latour Class B | 23,568 | 488 | ||||
1 | Thule Group AB | 21,854 | 486 | |||
Nordnet AB publ | 25,143 | 443 | ||||
1 | Bravida Holding AB | 37,299 | 418 | |||
Epiroc AB Class B | 25,119 | 413 | ||||
AAK AB | 24,072 | 412 | ||||
Wihlborgs Fastigheter AB | 48,545 | 404 | ||||
Fabege AB | 45,345 | 384 | ||||
Hexatronic Group AB | 32,575 | 379 | ||||
Axfood AB | 15,378 | 368 | ||||
* | Volvo Car AB Class B | 77,276 | 364 | |||
Lagercrantz Group AB Class B | 30,622 | 347 | ||||
*,1 | Sinch AB | 101,251 | 345 |
Shares | Market Value• ($000) | |||||
Billerud AB | 28,478 | 329 | ||||
1 | Dometic Group AB | 49,747 | 317 | |||
* | Viaplay Group AB Class B | 11,013 | 282 | |||
JM AB | 13,235 | 275 | ||||
Loomis AB Class B | 8,338 | 269 | ||||
* | Sectra AB Class B | 19,370 | 265 | |||
SSAB AB Class A | 35,066 | 255 | ||||
Vitrolife AB | 12,002 | 241 | ||||
Bure Equity AB | 8,372 | 206 | ||||
MIPS AB | 4,479 | 202 | ||||
Nyfosa AB | 24,028 | 199 | ||||
Storskogen Group AB Class B | 213,995 | 199 | ||||
Samhallsbyggnadsbolaget i Norden AB B Shares | 116,895 | 191 | ||||
Addnode Group AB Class B | 16,068 | 179 | ||||
1 | Munters Group AB | 18,331 | 177 | |||
Hufvudstaden AB Class A | 11,692 | 170 | ||||
Catena AB | 4,200 | 164 | ||||
Mycronic AB | 7,571 | 162 | ||||
AddLife AB Class B | 15,122 | 162 | ||||
Wallenstam AB Class B | 38,441 | 160 | ||||
HMS Networks AB | 3,771 | 152 | ||||
Medicover AB Class B | 8,549 | 151 | ||||
Biotage AB | 10,199 | 148 | ||||
Electrolux Professional AB Class B | 27,488 | 146 | ||||
Vitec Software Group AB Class B | 3,088 | 142 | ||||
Instalco AB | 30,105 | 140 | ||||
* | Pandox AB Class B | 9,933 | 134 | |||
Intrum AB | 10,067 | 132 | ||||
Samhallsbyggnadsbolaget i Norden AB | 72,477 | 132 | ||||
Granges AB | 15,040 | 130 | ||||
* | Stillfront Group AB | 68,590 | 126 | |||
*,1 | Boozt AB | 10,586 | 125 | |||
Arjo AB Class B | 32,524 | 123 | ||||
* | Modern Times Group MTG AB Class B | 17,667 | 122 | |||
Peab AB Class B | 21,094 | 116 | ||||
Hemnet Group AB | 7,233 | 115 | ||||
Nolato AB Class B | 22,703 | 113 | ||||
Bilia AB Class A | 8,435 | 112 | ||||
Beijer Alma AB | 5,273 | 103 | ||||
Corem Property Group AB Preference Shares | 4,568 | 102 | ||||
* | Truecaller AB Class B | 31,629 | 96 | |||
Concentric AB | 4,503 | 94 | ||||
* | Sdiptech AB Class B | 3,540 | 89 | |||
Troax Group AB | 4,073 | 87 | ||||
Lindab International AB | 6,235 | 86 | ||||
NP3 Fastigheter AB | 3,741 | 78 |
Shares | Market Value• ($000) | |||||
* | Beijer Ref AB Rights Exp. 3/16/23 | 45,061 | 76 | |||
Ratos AB Class B | 22,102 | 69 | ||||
SkiStar AB | 6,073 | 68 | ||||
Bufab AB | 2,378 | 62 | ||||
Atrium Ljungberg AB Class B | 3,381 | 59 | ||||
Systemair AB | 8,015 | 59 | ||||
Cibus Nordic Real Estate AB | 4,338 | 52 | ||||
Sagax AB | 19,461 | 51 | ||||
*,1 | Scandic Hotels Group AB | 15,177 | 51 | |||
NCC AB Class A | 4,523 | 46 | ||||
Dios Fastigheter AB | 6,202 | 46 | ||||
* | Cint Group AB | 25,759 | 46 | |||
MEKO AB | 3,765 | 43 | ||||
* | Camurus AB | 1,622 | 35 | |||
NCC AB Class B | 3,556 | 33 | ||||
Corem Property Group AB Class B | 34,951 | 30 | ||||
* | Collector Bank AB | 7,003 | 30 | |||
* | BICO Group AB Class B | 4,093 | 26 | |||
Volati AB | 2,413 | 23 | ||||
* | BHG Group AB | 16,555 | 21 | |||
1 | Resurs Holding AB | 8,234 | 20 | |||
Investment AB Oresund | 1,595 | 20 | ||||
Bonava AB Class B | 8,212 | 19 | ||||
Fagerhult AB | 3,634 | 19 | ||||
Svenska Handelsbanken AB Class B | 1,415 | 18 | ||||
Clas Ohlson AB Class B | 2,408 | 15 | ||||
Husqvarna AB Class A | 1,455 | 13 | ||||
Cloetta AB Class B | 4,552 | 10 | ||||
*,1 | Attendo AB | 3,886 | 9 | |||
Platzer Fastigheter Holding AB Class B | 1,084 | 9 | ||||
Nobia AB | 3,638 | 6 | ||||
*,2 | Neobo Fastigheter AB | 2,017 | 3 | |||
77,417 | ||||||
Switzerland (6.3%) | ||||||
Nestle SA (Registered) | 448,075 | 50,485 | ||||
Roche Holding AG (XVTX) | 103,183 | 29,752 | ||||
Novartis AG (Registered) | 335,368 | 28,225 | ||||
Zurich Insurance Group AG | 23,959 | 11,365 | ||||
Lonza Group AG (Registered) | 12,556 | 7,479 | ||||
Alcon Inc. | 75,584 | 5,154 | ||||
Roche Holding AG (XSWX) | 16,077 | 4,980 | ||||
Swiss Re AG | 46,137 | 4,820 | ||||
Givaudan SA (Registered) | 1,375 | 4,145 | ||||
Partners Group Holding AG | 3,696 | 3,500 |
Shares | Market Value• ($000) | |||||
Swiss Life Holding AG (Registered) | 5,604 | 3,372 | ||||
Geberit AG (Registered) | 6,208 | 3,350 | ||||
Chocoladefabriken Lindt & Spruengli AG | 284 | 3,111 | ||||
Julius Baer Group Ltd. | 38,756 | 2,569 | ||||
Swisscom AG (Registered) | 3,828 | 2,362 | ||||
Straumann Holding AG (Registered) | 17,728 | 2,350 | ||||
Kuehne + Nagel International AG (Registered) | 8,797 | 2,252 | ||||
Sonova Holding AG (Registered) | 8,723 | 2,145 | ||||
Schindler Holding AG | 7,982 | 1,795 | ||||
Credit Suisse Group AG (Registered) | 554,002 | 1,670 | ||||
Baloise Holding AG (Registered) | 9,488 | 1,580 | ||||
* | SIG Group AG | 59,786 | 1,446 | |||
Logitech International SA (Registered) | 25,705 | 1,404 | ||||
1 | VAT Group AG | 4,402 | 1,329 | |||
Swiss Prime Site AG (Registered) | 15,641 | 1,318 | ||||
Georg Fischer AG (Registered) | 17,360 | 1,179 | ||||
Barry Callebaut AG (Registered) | 575 | 1,145 | ||||
Helvetia Holding AG (Registered) | 8,701 | 1,118 | ||||
Swatch Group AG (Registered) | 17,113 | 1,090 | ||||
Chocoladefabriken Lindt & Spruengli AG (Registered) | 9 | 997 | ||||
Tecan Group AG (Registered) | 2,310 | 934 | ||||
* | Flughafen Zurich AG (Registered) | 4,874 | 882 | |||
Belimo Holding AG (Registered) | 1,648 | 852 | ||||
1 | Galenica AG | 10,905 | 845 | |||
Swatch Group AG | 2,422 | 843 | ||||
Temenos AG (Registered) | 11,241 | 827 | ||||
* | Clariant AG (Registered) | 49,273 | 797 | |||
EMS-Chemie Holding AG (Registered) | 1,005 | 762 | ||||
PSP Swiss Property AG (Registered) | 6,441 | 722 | ||||
Valiant Holding AG (Registered) | 5,543 | 611 | ||||
Cembra Money Bank AG | 6,473 | 551 | ||||
Bachem Holding AG Class B | 5,193 | 518 |
Shares | Market Value• ($000) | |||||
Mobimo Holding AG (Registered) | 1,816 | 457 | ||||
Siegfried Holding AG (Registered) | 620 | 434 | ||||
Bucher Industries AG (Registered) | 879 | 397 | ||||
* | Meyer Burger Technology AG | 536,131 | 396 | |||
* | ams-OSRAM AG | 44,957 | 349 | |||
Schindler Holding AG (Registered) | 1,572 | 339 | ||||
DKSH Holding AG | 4,142 | 337 | ||||
Banque Cantonale Vaudoise (Registered) | 3,523 | 315 | ||||
Huber + Suhner AG (Registered) | 3,004 | 275 | ||||
Stadler Rail AG | 6,965 | 275 | ||||
Forbo Holding AG (Registered) | 205 | 269 | ||||
* | Softwareone Holding AG | 15,866 | 264 | |||
Comet Holding AG (Registered) | 1,191 | 263 | ||||
Swissquote Group Holding SA (Registered) | 1,313 | 250 | ||||
Interroll Holding AG (Registered) | 80 | 248 | ||||
Burckhardt Compression Holding AG | 408 | 248 | ||||
*,3 | Idorsia Ltd. | 18,570 | 245 | |||
* | Accelleron Industries AG | 9,868 | 243 | |||
Vontobel Holding AG (Registered) | 3,815 | 236 | ||||
* | Landis+Gyr Group AG | 3,057 | 230 | |||
SFS Group AG | 1,964 | 229 | ||||
Inficon Holding AG (Registered) | 217 | 225 | ||||
Daetwyler Holding AG | 1,054 | 210 | ||||
Emmi AG (Registered) | 221 | 208 | ||||
*,1 | Sensirion Holding AG | 1,275 | 155 | |||
* | Dottikon Es Holding AG (Registered) | 515 | 145 | |||
VZ Holding AG | 1,803 | 141 | ||||
Allreal Holding AG (Registered) | 851 | 139 | ||||
* | Aryzta AG | 100,036 | 138 | |||
Kardex Holding AG (Registered) | 734 | 137 | ||||
* | u-blox Holding AG | 1,172 | 126 | |||
SKAN Group AG | 1,667 | 124 | ||||
Bossard Holding AG (Registered) Class A | 380 | 105 | ||||
* | Basilea Pharmaceutica AG (Registered) | 1,832 | 102 |
Shares | Market Value• ($000) | |||||
Schweiter Technologies AG | 118 | 100 | ||||
dormakaba Holding AG | 223 | 99 | ||||
Komax Holding AG (Registered) | 303 | 95 | ||||
Bystronic AG | 112 | 91 | ||||
COSMO Pharmaceuticals NV | 1,312 | 84 | ||||
LEM Holding SA (Registered) | 40 | 82 | ||||
Ypsomed Holding AG (Registered) | 362 | 70 | ||||
* | Implenia AG (Registered) | 1,528 | 69 | |||
1 | Medacta Group SA | 631 | 68 | |||
Zehnder Group AG | 768 | 60 | ||||
* | Zur Rose Group AG | 1,113 | 59 | |||
St. Galler Kantonalbank AG (Registered) | 109 | 58 | ||||
*,1 | PolyPeptide Group AG | 1,883 | 51 | |||
Intershop Holding AG | 77 | 50 | ||||
Arbonia AG | 3,407 | 43 | ||||
*,1 | Medartis Holding AG | 540 | 41 | |||
VP Bank AG Class A | 345 | 36 | ||||
Leonteq AG | 595 | 34 | ||||
Vetropack Holding AG (Registered) Class A | 673 | 31 | ||||
* | EFG International AG | 2,726 | 26 | |||
OC Oerlikon Corp. AG (Registered) | 4,180 | 25 | ||||
Hiag Immobilien Holding AG | 274 | 23 | ||||
Rieter Holding AG (Registered) | 160 | 18 | ||||
Bell Food Group AG (Registered) | 63 | 18 | ||||
Autoneum Holding AG | 101 | 15 | ||||
* | ALSO Holding AG (Registered) | 55 | 11 | |||
APG SGA SA | 21 | 4 | ||||
206,246 | ||||||
Taiwan (5.9%) | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 3,902,630 | 64,565 | ||||
Hon Hai Precision Industry Co. Ltd. | 1,941,130 | 6,421 | ||||
MediaTek Inc. | 245,937 | 5,774 | ||||
Delta Electronics Inc. | 344,496 | 3,223 | ||||
* | United Microelectronics Corp. | 1,910,112 | 3,111 | |||
Fubon Financial Holding Co. Ltd. | 1,197,846 | 2,342 | ||||
Chunghwa Telecom Co. Ltd. | 591,000 | 2,235 | ||||
CTBC Financial Holding Co. Ltd. | 2,905,000 | 2,157 | ||||
Nan Ya Plastics Corp. | 860,878 | 2,118 |
Shares | Market Value• ($000) | |||||
Cathay Financial Holding Co. Ltd. | 1,465,482 | 2,078 | ||||
China Steel Corp. | 1,929,796 | 1,985 | ||||
Mega Financial Holding Co. Ltd. | 1,794,175 | 1,957 | ||||
ASE Technology Holding Co. Ltd. | 545,276 | 1,878 | ||||
Formosa Plastics Corp. | 631,784 | 1,876 | ||||
E.Sun Financial Holding Co. Ltd. | 2,155,137 | 1,759 | ||||
Uni-President Enterprises Corp. | 753,000 | 1,662 | ||||
Chailease Holding Co. Ltd. | 221,654 | 1,625 | ||||
Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 16,895 | 1,471 | ||||
First Financial Holding Co. Ltd. | 1,620,095 | 1,420 | ||||
Taiwan Cooperative Financial Holding Co. Ltd. | 1,562,480 | 1,359 | ||||
Yuanta Financial Holding Co. Ltd. | 1,796,179 | 1,336 | ||||
Novatek Microelectronics Corp. | 90,995 | 1,203 | ||||
Hua Nan Financial Holdings Co. Ltd. | 1,556,450 | 1,163 | ||||
Formosa Chemicals & Fibre Corp. | 497,708 | 1,155 | ||||
Largan Precision Co. Ltd. | 16,000 | 1,150 | ||||
China Development Financial Holding Corp. | 2,615,308 | 1,126 | ||||
Yageo Corp. | 61,506 | 1,078 | ||||
Quanta Computer Inc. | 386,760 | 1,012 | ||||
Hotai Motor Co. Ltd. | 49,292 | 994 | ||||
Walsin Lihwa Corp. | 534,104 | 984 | ||||
Taishin Financial Holding Co. Ltd. | 1,774,763 | 953 | ||||
Asustek Computer Inc. | 104,492 | 946 | ||||
Realtek Semiconductor Corp. | 76,294 | 941 | ||||
SinoPac Financial Holdings Co. Ltd. | 1,641,250 | 919 | ||||
Airtac International Group | 25,603 | 894 | ||||
E Ink Holdings Inc. | 140,728 | 891 | ||||
Evergreen Marine Corp. Taiwan Ltd. | 169,670 | 867 | ||||
Shanghai Commercial & Savings Bank Ltd. | 544,087 | 845 | ||||
Unimicron Technology Corp. | 202,000 | 834 | ||||
Taiwan Mobile Co. Ltd. | 247,000 | 783 | ||||
Accton Technology Corp. | 84,000 | 769 | ||||
President Chain Store Corp. | 86,000 | 751 |
Shares | Market Value• ($000) | |||||
Lite-On Technology Corp. | 313,958 | 714 | ||||
AUO Corp. | 1,104,400 | 672 | ||||
eMemory Technology Inc. | 11,000 | 661 | ||||
Pegatron Corp. | 286,000 | 634 | ||||
Shin Kong Financial Holding Co. Ltd. | 2,168,287 | 630 | ||||
Innolux Corp. | 1,290,200 | 618 | ||||
Yang Ming Marine Transport Corp. | 292,398 | 615 | ||||
Far Eastern New Century Corp. | 564,000 | 600 | ||||
Catcher Technology Co. Ltd. | 98,000 | 592 | ||||
Ruentex Development Co. Ltd. | 408,600 | 592 | ||||
Globalwafers Co. Ltd. | 35,000 | 579 | ||||
Voltronic Power Technology Corp. | 10,152 | 530 | ||||
Global Unichip Corp. | 14,000 | 527 | ||||
Synnex Technology International Corp. | 256,000 | 522 | ||||
WPG Holdings Ltd. | 321,680 | 520 | ||||
Chang Hwa Commercial Bank Ltd. | 908,990 | 519 | ||||
Far EasTone Telecommunications Co. Ltd. | 228,000 | 515 | ||||
ASPEED Technology Inc. | 5,500 | 494 | ||||
Asia Cement Corp. | 324,000 | 475 | ||||
Eclat Textile Co. Ltd. | 30,000 | 472 | ||||
Wistron Corp. | 427,000 | 463 | ||||
Micro-Star International Co. Ltd. | 102,000 | 455 | ||||
Compal Electronics Inc. | 559,000 | 442 | ||||
Wiwynn Corp. | 14,000 | 439 | ||||
Vanguard International Semiconductor Corp. | 142,000 | 428 | ||||
Feng TAY Enterprise Co. Ltd. | 69,400 | 418 | ||||
Pou Chen Corp. | 379,000 | 415 | ||||
Sino-American Silicon Products Inc. | 79,000 | 408 | ||||
Wan Hai Lines Ltd. | 157,260 | 407 | ||||
* | Oneness Biotech Co. Ltd. | 47,000 | 402 | |||
Hiwin Technologies Corp. | 47,504 | 387 | ||||
Inventec Corp. | 439,000 | 381 | ||||
Parade Technologies Ltd. | 12,000 | 373 | ||||
Chroma ATE Inc. | 61,000 | 367 | ||||
Foxconn Technology Co. Ltd. | 200,000 | 364 | ||||
Win Semiconductors Corp. | 65,000 | 357 |
Shares | Market Value• ($000) | |||||
Taichung Commercial Bank Co. Ltd. | 778,728 | 351 | ||||
Radiant Opto-Electronics Corp. | 101,000 | 349 | ||||
O-Bank Co. Ltd. | 1,086,000 | 345 | ||||
Powertech Technology Inc. | 117,000 | 338 | ||||
Alchip Technologies Ltd. | 11,000 | 338 | ||||
* | Tatung Co. Ltd. | 306,000 | 336 | |||
Eva Airways Corp. | 358,932 | 332 | ||||
Giant Manufacturing Co. Ltd. | 49,740 | 331 | ||||
Taiwan Business Bank | 697,058 | 327 | ||||
TA Chen Stainless Pipe | 227,303 | 323 | ||||
Zhen Ding Technology Holding Ltd. | 88,000 | 322 | ||||
Winbond Electronics Corp. | 428,000 | 320 | ||||
Taiwan High Speed Rail Corp. | 330,000 | 317 | ||||
Acer Inc. | 368,000 | 305 | ||||
Macronix International Co. Ltd. | 272,000 | 305 | ||||
Sinbon Electronics Co. Ltd. | 31,000 | 302 | ||||
China Petrochemical Development Corp. | 896,386 | 299 | ||||
Poya International Co. Ltd. | 15,331 | 296 | ||||
Rich Development Co. Ltd. | 793,000 | 290 | ||||
Acter Group Corp. Ltd. | 73,000 | 287 | ||||
Yulon Finance Corp. | 51,427 | 285 | ||||
Phison Electronics Corp. | 25,000 | 285 | ||||
Lotes Co. Ltd. | 10,115 | 284 | ||||
Gigabyte Technology Co. Ltd. | 73,000 | 283 | ||||
Charoen Pokphand Enterprise | 105,600 | 278 | ||||
Elite Material Co. Ltd. | 44,000 | 274 | ||||
China Airlines Ltd. | 410,000 | 271 | ||||
Hotai Finance Co. Ltd. | 75,000 | 271 | ||||
International Games System Co. Ltd. | 16,000 | 264 | ||||
Ruentex Industries Ltd. | 119,002 | 263 | ||||
Senao International Co. Ltd. | 238,000 | 261 | ||||
Topco Scientific Co. Ltd. | 44,000 | 260 | ||||
Cheng Shin Rubber Industry Co. Ltd. | 230,000 | 258 | ||||
Kindom Development Co. Ltd. | 270,100 | 257 | ||||
Lien Hwa Industrial Holdings Corp. | 144,332 | 257 | ||||
Highwealth Construction Corp. | 181,418 | 252 | ||||
Simplo Technology Co. Ltd. | 26,000 | 251 |
�� | Shares | Market Value• ($000) | ||||
Nan Ya Printed Circuit Board Corp. | 33,000 | 250 | ||||
IBF Financial Holdings Co. Ltd. | 575,060 | 237 | ||||
Walsin Technology Corp. | 72,000 | 235 | ||||
Bank of Kaohsiung Co. Ltd. | 570,493 | 234 | ||||
Nanya Technology Corp. | 121,000 | 230 | ||||
Teco Electric & Machinery Co. Ltd. | 229,000 | 230 | ||||
Jess-Link Products Co. Ltd. | 158,000 | 229 | ||||
Tripod Technology Corp. | 66,000 | 226 | ||||
Huaku Development Co. Ltd. | 74,000 | 224 | ||||
momo.com Inc. | 8,640 | 222 | ||||
Fusheng Precision Co. Ltd. | 27,000 | 220 | ||||
* | HTC Corp. | 103,000 | 219 | |||
Yulon Motor Co. Ltd. | 81,615 | 217 | ||||
King Yuan Electronics Co. Ltd. | 158,000 | 216 | ||||
Sigurd Microelectronics Corp. | 121,000 | 211 | ||||
YungShin Global Holding Corp. | 148,000 | 209 | ||||
Chicony Electronics Co. Ltd. | 68,000 | 204 | ||||
Test Research Inc. | 97,000 | 202 | ||||
Nien Made Enterprise Co. Ltd. | 19,000 | 202 | ||||
Makalot Industrial Co. Ltd. | 28,707 | 201 | ||||
Merida Industry Co. Ltd. | 34,000 | 200 | ||||
Taiyen Biotech Co. Ltd. | 182,000 | 199 | ||||
Xxentria Technology Materials Corp. | 89,000 | 198 | ||||
Aten International Co. Ltd. | 74,000 | 198 | ||||
Chief Telecom Inc. | 17,000 | 198 | ||||
Union Bank of Taiwan | 367,000 | 195 | ||||
Jentech Precision Industrial Co. Ltd. | 13,999 | 193 | ||||
Via Technologies Inc. | 64,000 | 190 | ||||
Sporton International Inc. | 21,450 | 187 | ||||
Chipbond Technology Corp. | 85,000 | 187 | ||||
Faraday Technology Corp. | 31,000 | 186 | ||||
Compeq Manufacturing Co. Ltd. | 125,000 | 186 | ||||
AP Memory Technology Corp. | 20,000 | 184 | ||||
CHC Healthcare Group | 93,000 | 183 | ||||
Radium Life Tech Co. Ltd. | 573,200 | 181 | ||||
Bizlink Holding Inc. | 20,000 | 181 |
Shares | Market Value• ($000) | |||||
Systex Corp. | 73,000 | 180 | ||||
Tung Ho Steel Enterprise Corp. | 89,110 | 174 | ||||
AGV Products Corp. | 466,000 | 173 | ||||
YFY Inc. | 187,000 | 166 | ||||
Topkey Corp. | 23,000 | 166 | ||||
Orient Semiconductor Electronics Ltd. | 256,000 | 164 | ||||
Taiwan Fertilizer Co. Ltd. | 86,000 | 162 | ||||
King's Town Bank Co. Ltd. | 142,000 | 158 | ||||
Taiwan Glass Industry Corp. | 205,000 | 157 | ||||
Nichidenbo Corp. | 85,000 | 157 | ||||
Great Wall Enterprise Co. Ltd. | 94,402 | 156 | ||||
Wisdom Marine Lines Co. Ltd. | 70,543 | 156 | ||||
Qisda Corp. | 157,000 | 154 | ||||
Grape King Bio Ltd. | 26,000 | 154 | ||||
Kung Long Batteries Industrial Co. Ltd. | 33,000 | 151 | ||||
King Slide Works Co. Ltd. | 11,000 | 150 | ||||
Elan Microelectronics Corp. | 42,000 | 149 | ||||
KEE TAI Properties Co. Ltd. | 341,000 | 147 | ||||
Microbio Co. Ltd. | 69,311 | 147 | ||||
Wistron NeWeb Corp. | 53,000 | 146 | ||||
Feng Hsin Steel Co. Ltd. | 62,000 | 145 | ||||
Ardentec Corp. | 79,000 | 145 | ||||
* | Globe Union Industrial Corp. | 330,000 | 142 | |||
Taiwan Hon Chuan Enterprise Co. Ltd. | 45,000 | 142 | ||||
* | Hong Pu Real Estate Development Co. Ltd. | 191,000 | 142 | |||
* | Ambassador Hotel | 112,000 | 141 | |||
Kinsus Interconnect Technology Corp. | 40,000 | 140 | ||||
Tong Hsing Electronic Industries Ltd. | 19,479 | 139 | ||||
* | FLEXium Interconnect Inc. | 43,000 | 138 | |||
Shinkong Synthetic Fibers Corp. | 228,000 | 136 | ||||
Sunplus Technology Co. Ltd. | 158,000 | 135 | ||||
Standard Foods Corp. | 98,000 | 134 | ||||
Raydium Semiconductor Corp. | 10,000 | 134 | ||||
Asia Vital Components Co. Ltd. | 34,000 | 133 | ||||
Formosa Taffeta Co. Ltd. | 146,000 | 132 | ||||
FSP Technology Inc. | 95,000 | 132 | ||||
Silicon Integrated Systems Corp. | 218,080 | 131 |
Shares | Market Value• ($000) | |||||
Taiwan Semiconductor Co. Ltd. | 43,000 | 131 | ||||
* | Kuo Yang Construction Co. Ltd. | 207,000 | 130 | |||
Goldsun Building Materials Co. Ltd. | 141,753 | 129 | ||||
Wei Chuan Foods Corp. | 188,000 | 127 | ||||
Sanyang Motor Co. Ltd. | 95,000 | 124 | ||||
China Chemical & Pharmaceutical Co. Ltd. | 136,000 | 123 | ||||
Hota Industrial Manufacturing Co. Ltd. | 51,810 | 123 | ||||
WT Microelectronics Co. Ltd. | 58,000 | 123 | ||||
Gold Circuit Electronics Ltd. | 40,500 | 122 | ||||
Gloria Material Technology Corp. | 83,000 | 122 | ||||
Capital Securities Corp. | 307,000 | 122 | ||||
Taiwan Surface Mounting Technology Corp. | 42,000 | 122 | ||||
* | United Renewable Energy Co. Ltd. | 180,420 | 122 | |||
Sercomm Corp. | 44,000 | 121 | ||||
Clevo Co. | 118,000 | 120 | ||||
* | Career Technology MFG. Co. Ltd. | 152,513 | 120 | |||
TCI Co. Ltd. | 17,297 | 120 | ||||
Sitronix Technology Corp. | 16,000 | 119 | ||||
U-Ming Marine Transport Corp. | 59,000 | 118 | ||||
Sunny Friend Environmental Technology Co. Ltd. | 22,000 | 118 | ||||
Advanced International Multitech Co. Ltd. | 32,000 | 117 | ||||
Gamania Digital Entertainment Co. Ltd. | 44,000 | 116 | ||||
HannStar Display Corp. | 276,000 | 115 | ||||
AcBel Polytech Inc. | 93,000 | 115 | ||||
* | Mercuries Life Insurance Co. Ltd. | 647,266 | 114 | |||
Fitipower Integrated Technology Inc. | 21,083 | 114 | ||||
Eternal Materials Co. Ltd. | 106,400 | 112 | ||||
Far Eastern Department Stores Ltd. | 151,000 | 111 | ||||
Fulgent Sun International Holding Co. Ltd. | 25,000 | 111 | ||||
* | Lotus Pharmaceutical Co. Ltd. | 12,000 | 110 | |||
Iron Force Industrial Co. Ltd. | 41,000 | 110 |
Shares | Market Value• ($000) | |||||
Cheng Loong Corp. | 115,000 | 109 | ||||
Taiwan Secom Co. Ltd. | 33,000 | 109 | ||||
Greatek Electronics Inc. | 62,000 | 108 | ||||
Foxsemicon Integrated Technology Inc. | 16,000 | 108 | ||||
ITEQ Corp. | 43,466 | 107 | ||||
Chung Hung Steel Corp. | 113,000 | 107 | ||||
Advanced Energy Solution Holding Co. Ltd. | 4,000 | 107 | ||||
Infortrend Technology Inc. | 170,000 | 106 | ||||
Prince Housing & Development Corp. | 282,000 | 106 | ||||
Ton Yi Industrial Corp. | 185,000 | 106 | ||||
ChipMOS Technologies Inc. | 89,000 | 106 | ||||
Apex International Co. Ltd. | 53,000 | 106 | ||||
Continental Holdings Corp. | 104,000 | 106 | ||||
Pan Jit International Inc. | 48,400 | 105 | ||||
Wah Lee Industrial Corp. | 36,720 | 105 | ||||
Flytech Technology Co. Ltd. | 44,000 | 105 | ||||
Ennoconn Corp. | 13,710 | 105 | ||||
* | EirGenix Inc. | 27,000 | 105 | |||
Far Eastern International Bank | 265,036 | 103 | ||||
Dyaco International Inc. | 66,000 | 103 | ||||
Kenda Rubber Industrial Co. Ltd. | 100,000 | 102 | ||||
Wafer Works Corp. | 69,923 | 102 | ||||
Bioteque Corp. | 27,000 | 102 | ||||
* | Phihong Technology Co. Ltd. | 68,000 | 101 | |||
* | Nan Kang Rubber Tire Co. Ltd. | 84,000 | 101 | |||
SDI Corp. | 25,000 | 101 | ||||
Tong Yang Industry Co. Ltd. | 71,000 | 101 | ||||
Pan-International Industrial Corp. | 78,000 | 98 | ||||
Innodisk Corp. | 13,384 | 98 | ||||
China Steel Chemical Corp. | 26,000 | 96 | ||||
Taiwan PCB Techvest Co. Ltd. | 75,000 | 95 | ||||
Sunonwealth Electric Machine Industry Co. Ltd. | 67,000 | 95 | ||||
Gudeng Precision Industrial Co. Ltd. | 10,000 | 95 | ||||
* | Unitech Printed Circuit Board Corp. | 154,363 | 94 | |||
* | Shihlin Paper Corp. | 59,000 | 94 |
Shares | Market Value• ($000) | |||||
Lung Yen Life Service Corp. | 74,000 | 93 | ||||
Quanta Storage Inc. | 58,000 | 93 | ||||
Ta Ya Electric Wire & Cable | 117,128 | 93 | ||||
Yeong Guan Energy Technology Group Co. Ltd. | 41,468 | 93 | ||||
Chicony Power Technology Co. Ltd. | 36,000 | 93 | ||||
Getac Holdings Corp. | 57,000 | 92 | ||||
Kuo Toong International Co. Ltd. | 91,330 | 92 | ||||
Allied Supreme Corp. | 8,000 | 92 | ||||
XinTec Inc. | 27,000 | 91 | ||||
Nuvoton Technology Corp. | 19,000 | 91 | ||||
Unizyx Holding Corp. | 70,961 | 90 | ||||
Soft-World International Corp. | 34,000 | 90 | ||||
Elite Semiconductor Microelectronics Technology Inc. | 35,000 | 90 | ||||
Etron Technology Inc. | 57,832 | 89 | ||||
USI Corp. | 108,000 | 89 | ||||
Mitac Holdings Corp. | 86,248 | 89 | ||||
* | Medigen Vaccine Biologics Corp. | 44,390 | 89 | |||
Tyntek Corp. | 151,000 | 88 | ||||
President Securities Corp. | 155,532 | 88 | ||||
* | CMC Magnetics Corp. | 334,747 | 88 | |||
Century Iron & Steel Industrial Co. Ltd. | 26,000 | 88 | ||||
Pegavision Corp. | 6,000 | 88 | ||||
YC INOX Co. Ltd. | 85,476 | 87 | ||||
Basso Industry Corp. | 59,000 | 86 | ||||
Tainan Spinning Co. Ltd. | 148,000 | 86 | ||||
Advanced Wireless Semiconductor Co. | 34,370 | 86 | ||||
Taiwan Mask Corp. | 32,000 | 86 | ||||
Taiwan Paiho Ltd. | 42,000 | 85 | ||||
Egis Technology Inc. | 33,000 | 85 | ||||
TYC Brother Industrial Co. Ltd. | 90,000 | 84 | ||||
Merry Electronics Co. Ltd. | 30,298 | 84 | ||||
Coretronic Corp. | 40,000 | 84 | ||||
China Bills Finance Corp. | 165,000 | 84 | ||||
Yieh Phui Enterprise Co. Ltd. | 148,365 | 84 | ||||
Machvision Inc. | 15,039 | 84 | ||||
Everlight Electronics Co. Ltd. | 66,000 | 83 | ||||
Sinyi Realty Inc. | 89,000 | 83 | ||||
Ichia Technologies Inc. | 133,000 | 83 |
Shares | Market Value• ($000) | |||||
Evergreen International Storage & Transport Corp. | 91,000 | 83 | ||||
IEI Integration Corp. | 31,000 | 83 | ||||
Pixart Imaging Inc. | 23,000 | 83 | ||||
Holy Stone Enterprise Co. Ltd. | 26,000 | 82 | ||||
TSRC Corp. | 86,000 | 82 | ||||
Brighton-Best International Taiwan Inc. | 66,000 | 82 | ||||
Darfon Electronics Corp. | 60,000 | 81 | ||||
TXC Corp. | 28,000 | 79 | ||||
AURAS Technology Co. Ltd. | 15,000 | 79 | ||||
KMC Kuei Meng International Inc. | 16,000 | 79 | ||||
Visual Photonics Epitaxy Co. Ltd. | 28,000 | 77 | ||||
CyberTAN Technology Inc. | 98,000 | 77 | ||||
Sheng Yu Steel Co. Ltd. | 92,000 | 77 | ||||
Arcadyan Technology Corp. | 22,123 | 77 | ||||
Chlitina Holding Ltd. | 11,000 | 77 | ||||
Sampo Corp. | 86,000 | 76 | ||||
RichWave Technology Corp. | 17,650 | 76 | ||||
Taiwan-Asia Semiconductor Corp. | 61,000 | 75 | ||||
PharmaEngine Inc. | 20,000 | 75 | ||||
Sonix Technology Co. Ltd. | 41,000 | 74 | ||||
Primax Electronics Ltd. | 38,000 | 74 | ||||
International CSRC Investment Holdings Co. | 104,990 | 71 | ||||
Hung Sheng Construction Ltd. | 92,600 | 71 | ||||
Sinon Corp. | 55,000 | 71 | ||||
China Metal Products | 64,000 | 70 | ||||
Tong-Tai Machine & Tool Co. Ltd. | 128,000 | 70 | ||||
Dynapack International Technology Corp. | 26,000 | 70 | ||||
* | Taiwan TEA Corp. | 98,000 | 70 | |||
General Interface Solution Holding Ltd. | 25,000 | 70 | ||||
Chia Hsin Cement Corp. | 105,000 | 70 | ||||
* | Savior Lifetec Corp. | 104,436 | 70 | |||
Solar Applied Materials Technology Corp. | 57,000 | 69 | ||||
Shinkong Insurance Co. Ltd. | 42,000 | 69 | ||||
Asia Polymer Corp. | 71,757 | 68 | ||||
ITE Technology Inc. | 23,000 | 67 | ||||
Universal Vision Biotechnology Co. Ltd. | 6,300 | 67 |
Shares | Market Value• ($000) | |||||
Mercuries & Associates Holding Ltd. | 119,281 | 66 | ||||
Center Laboratories Inc. | 42,409 | 66 | ||||
China Electric Manufacturing Corp. | 140,540 | 65 | ||||
Taiwan Union Technology Corp. | 34,000 | 65 | ||||
Zeng Hsing Industrial Co. Ltd. | 16,115 | 65 | ||||
* | TaiMed Biologics Inc. | 25,000 | 65 | |||
Co-Tech Development Corp. | 32,000 | 65 | ||||
Lingsen Precision Industries Ltd. | 129,000 | 64 | ||||
Johnson Health Tech Co. Ltd. | 28,000 | 64 | ||||
Taiflex Scientific Co. Ltd. | 46,000 | 64 | ||||
* | Brogent Technologies Inc. | 15,100 | 64 | |||
LandMark Optoelectronics Corp. | 15,000 | 64 | ||||
HannsTouch Solution Inc. | 190,000 | 63 | ||||
Cathay Real Estate Development Co. Ltd. | 110,000 | 62 | ||||
TTY Biopharm Co. Ltd. | 24,000 | 62 | ||||
Longchen Paper & Packaging Co. Ltd. | 100,803 | 62 | ||||
Cleanaway Co. Ltd. | 10,000 | 62 | ||||
Sincere Navigation Corp. | 71,900 | 61 | ||||
Advanced Ceramic X Corp. | 8,000 | 61 | ||||
Syncmold Enterprise Corp. | 30,000 | 61 | ||||
Hannstar Board Corp. | 54,000 | 61 | ||||
Chang Wah Electromaterials Inc. | 56,000 | 61 | ||||
Farglory Land Development Co. Ltd. | 31,000 | 60 | ||||
Hsin Kuang Steel Co. Ltd. | 41,000 | 60 | ||||
Lealea Enterprise Co. Ltd. | 173,000 | 60 | ||||
* | OBI Pharma Inc. | 22,354 | 60 | |||
Chang Wah Technology Co. Ltd. | 53,500 | 60 | ||||
Weltrend Semiconductor | 36,000 | 59 | ||||
FocalTech Systems Co. Ltd. | 25,203 | 59 | ||||
Sensortek Technology Corp. | 5,000 | 59 | ||||
Chunghwa Precision Test Tech Co. Ltd. | 3,000 | 58 | ||||
Namchow Holdings Co. Ltd. | 37,000 | 57 |
Shares | Market Value• ($000) | |||||
Rexon Industrial Corp. Ltd. | 56,000 | 57 | ||||
Kinpo Electronics | 125,000 | 56 | ||||
Rechi Precision Co. Ltd. | 98,000 | 56 | ||||
Hu Lane Associate Inc. | 11,275 | 56 | ||||
Thinking Electronic Industrial Co. Ltd. | 12,000 | 56 | ||||
China Motor Corp. | 29,200 | 55 | ||||
Chun Yuan Steel Industry Co. Ltd. | 99,000 | 55 | ||||
Global Brands Manufacture Ltd. | 56,120 | 55 | ||||
Transcend Information Inc. | 24,000 | 55 | ||||
Posiflex Technology Inc. | 14,000 | 55 | ||||
Cub Elecparts Inc. | 10,745 | 55 | ||||
TPK Holding Co. Ltd. | 49,000 | 55 | ||||
Grand Pacific Petrochemical | 83,000 | 54 | ||||
Shiny Chemical Industrial Co. Ltd. | 13,750 | 54 | ||||
Motech Industries Inc. | 56,594 | 52 | ||||
* | Adimmune Corp. | 39,000 | 52 | |||
Kaimei Electronic Corp. | 23,200 | 51 | ||||
* | RDC Semiconductor Co. Ltd. | 8,000 | 51 | |||
Dynamic Holding Co. Ltd. | 87,997 | 51 | ||||
Cheng Uei Precision Industry Co. Ltd. | 37,000 | 48 | ||||
L&K Engineering Co. Ltd. | 36,000 | 48 | ||||
Supreme Electronics Co. Ltd. | 38,276 | 48 | ||||
Everlight Chemical Industrial Corp. | 77,000 | 47 | ||||
Speed Tech Corp. | 26,000 | 47 | ||||
Holtek Semiconductor Inc. | 19,000 | 46 | ||||
Oriental Union Chemical Corp. | 75,000 | 46 | ||||
UPC Technology Corp. | 91,000 | 46 | ||||
Alpha Networks Inc. | 43,772 | 46 | ||||
Nan Liu Enterprise Co. Ltd. | 19,000 | 46 | ||||
Gourmet Master Co. Ltd. | 9,000 | 46 | ||||
Chung Hwa Pulp Corp. | 78,000 | 44 | ||||
Genesys Logic Inc. | 11,000 | 44 | ||||
* | Foresee Pharmaceuticals Co. Ltd. | 13,000 | 44 | |||
* | Federal Corp. | 61,000 | 43 | |||
TaiDoc Technology Corp. | 7,000 | 43 | ||||
Chin-Poon Industrial Co. Ltd. | 43,000 | 42 | ||||
* | Asia Pacific Telecom Co. Ltd. | 204,779 | 42 |
Shares | Market Value• ($000) | |||||
Taiwan Sakura Corp. | 20,000 | 42 | ||||
* | D-Link Corp. | 71,760 | 41 | |||
Shin Zu Shing Co. Ltd. | 14,165 | 41 | ||||
T3EX Global Holdings Corp. | 18,000 | 41 | ||||
China General Plastics Corp. | 43,155 | 40 | ||||
Elite Advanced Laser Corp. | 30,000 | 40 | ||||
* | Zinwell Corp. | 66,000 | 39 | |||
* | China Man-Made Fiber Corp. | 133,240 | 38 | |||
Gemtek Technology Corp. | 42,000 | 38 | ||||
* | Tanvex BioPharma Inc. | 31,000 | 38 | |||
Marketech International Corp. | 9,000 | 37 | ||||
Swancor Holding Co. Ltd. | 10,000 | 36 | ||||
* | Elitegroup Computer Systems Co. Ltd. | 50,000 | 35 | |||
* | Li Peng Enterprise Co. Ltd. | 128,000 | 35 | |||
* | Shining Building Business Co. Ltd. | 112,000 | 34 | |||
Adlink Technology Inc. | 17,000 | 34 | ||||
Formosa Sumco Technology Corp. | 7,000 | 34 | ||||
91APP Inc. | 8,000 | 33 | ||||
AmTRAN Technology Co. Ltd. | 90,888 | 32 | ||||
Taiwan Styrene Monomer | 70,000 | 32 | ||||
Fittech Co. Ltd. | 10,000 | 32 | ||||
*,2 | Roo Hsing Co. Ltd. | 326,000 | 31 | |||
ASROCK Inc. | 6,000 | 31 | ||||
Tung Thih Electronic Co. Ltd. | 6,000 | 30 | ||||
PChome Online Inc. | 14,000 | 29 | ||||
Dimerco Express Corp. | 11,000 | 28 | ||||
Anpec Electronics Corp. | 6,000 | 28 | ||||
Yulon Nissan Motor Co. Ltd. | 4,000 | 27 | ||||
* | Darwin Precisions Corp. | 75,000 | 26 | |||
St. Shine Optical Co. Ltd. | 3,000 | 26 | ||||
Amazing Microelectronic Corp. | 6,242 | 26 | ||||
Ho Tung Chemical Corp. | 85,000 | 25 | ||||
* | Taigen Biopharmaceuticals Holdings Ltd. | 49,000 | 25 | |||
Ability Enterprise Co. Ltd. | 36,000 | 24 | ||||
Ultra Chip Inc. | 6,000 | 21 | ||||
VIA Labs Inc. | 3,000 | 21 | ||||
* | Ritek Corp. | 71,214 | 20 |
Shares | Market Value• ($000) | |||||
* | Gigasolar Materials Corp. | 5,790 | 20 | |||
* | ALI Corp. | 27,000 | 19 | |||
* | Medigen Biotechnology Corp. | 18,000 | 19 | |||
Actron Technology Corp. | 3,000 | 17 | ||||
Altek Corp. | 14,000 | 16 | ||||
Shin Foong Specialty & Applied Materials Co. Ltd. | 7,000 | 15 | ||||
ScinoPharm Taiwan Ltd. | 13,000 | 11 | ||||
GeneReach Biotechnology Corp. | 4,528 | 9 | ||||
*,2 | Unity Opto Technology Co. Ltd. | 90,000 | — | |||
*,2 | Pharmally International Holding Co. Ltd. | 1,282 | — | |||
*,2 | OBI Pharma Inc. Rights | 717 | — | |||
*,2 | SinoPac Financial Holdings Co. Ltd. Rights Exp. 3/7/23 | 81,320 | — | |||
*,2 | Asia Vital Components Co. Ltd. Rights Exp. 4/6/23 | 2,165 | — | |||
*,2 | Globe Union Industrial Corp. Rights Exp. 3/14/23 | 36,828 | — | |||
193,016 | ||||||
Thailand (0.8%) | ||||||
CP ALL PCL (Foreign) | 1,028,900 | 1,805 | ||||
* | Airports of Thailand PCL (Foreign) | 684,800 | 1,409 | |||
Delta Electronics Thailand PCL (Foreign) | 48,500 | 1,250 | ||||
Bangkok Dusit Medical Services PCL (Foreign) | 1,531,600 | 1,213 | ||||
Advanced Info Service PCL (Foreign) | 197,500 | 1,129 | ||||
Siam Cement PCL (Foreign) | 117,200 | 1,084 | ||||
Kasikornbank PCL (Foreign) | 273,700 | 1,061 | ||||
Central Pattana PCL (Foreign) | 498,800 | 991 | ||||
SCB X PCL (Foreign) | 306,000 | 900 | ||||
* | Minor International PCL (Foreign) | 772,700 | 732 | |||
Energy Absolute PCL (Foreign) | 280,400 | 621 | ||||
Intouch Holdings PCL (Foreign) | 289,156 | 579 | ||||
Central Retail Corp. PCL (Foreign) | 444,400 | 562 | ||||
Bumrungrad Hospital PCL (Foreign) | 93,300 | 557 | ||||
Charoen Pokphand Foods PCL (Foreign) | 762,500 | 479 |
Shares | Market Value• ($000) | |||||
Bangkok Bank PCL (Foreign) | 102,700 | 475 | ||||
Indorama Ventures PCL (Foreign) | 455,800 | 474 | ||||
Krung Thai Bank PCL (Foreign) | 967,000 | 473 | ||||
PTT Global Chemical PCL (Foreign) | 314,600 | 420 | ||||
Home Product Center PCL (Foreign) | 1,000,900 | 396 | ||||
Bangkok Expressway & Metro PCL (Foreign) | 1,508,700 | 395 | ||||
Land & Houses PCL (Foreign) | 1,277,100 | 354 | ||||
Krungthai Card PCL (Foreign) | 197,600 | 328 | ||||
Tisco Financial Group PCL (Foreign) | 110,400 | 322 | ||||
* | Central Plaza Hotel PCL (Foreign) | 200,900 | 321 | |||
Kiatnakin Phatra Bank PCL (Foreign) | 166,400 | 314 | ||||
BTS Group Holdings PCL (Foreign) | 1,331,200 | 303 | ||||
SCG Packaging PCL (Foreign) | 188,000 | 277 | ||||
TMBThanachart Bank PCL (Foreign) | 6,695,824 | 265 | ||||
Siam Makro PCL (Foreign) | 214,037 | 244 | ||||
Thonburi Healthcare Group PCL (Foreign) | 120,600 | 238 | ||||
True Corp. PCL (Foreign) | 1,587,200 | 228 | ||||
Thai Union Group PCL (Foreign) | 464,300 | 209 | ||||
Osotspa PCL (Foreign) | 209,000 | 191 | ||||
Com7 PCL (Foreign) | 214,100 | 185 | ||||
Asset World Corp. PCL (Foreign) | 1,079,700 | 180 | ||||
* | Beyond Securities PCL (Foreign) | 580,500 | ��� 177 | |||
Berli Jucker PCL (Foreign) | 154,400 | 168 | ||||
KCE Electronics PCL (Foreign) | 126,800 | 167 | ||||
Total Access Communication PCL (Foreign) | 109,400 | 160 | ||||
Supalai PCL (Foreign) | 246,800 | 159 | ||||
Hana Microelectronics PCL (Foreign) | 94,300 | 154 | ||||
Srisawad Corp. PCL (Foreign) | 99,100 | 151 | ||||
Thanachart Capital PCL (Foreign) | 118,500 | 143 | ||||
CPN Retail Growth Leasehold REIT | 273,500 | 132 | ||||
Siam Global House PCL (Foreign) | 247,874 | 130 |
Shares | Market Value• ($000) | |||||
JMT Network Services PCL (Foreign) | 96,292 | 127 | ||||
AP Thailand PCL (Foreign) | 357,600 | 125 | ||||
Ngern Tid Lor PCL (Foreign) | 172,900 | 122 | ||||
Ramkhamhaeng Hospital PCL (Foreign) | 75,100 | 119 | ||||
Sino-Thai Engineering & Construction PCL (Foreign) | 303,000 | 116 | ||||
Sansiri PCL (Foreign) | 2,125,700 | 115 | ||||
Forth Corp. PCL (Foreign) | 110,100 | 114 | ||||
Bangkok Commercial Asset Management PCL (Foreign) | 270,300 | 113 | ||||
Muangthai Capital PCL (Foreign) | 105,000 | 104 | ||||
VGI PCL (Foreign) | 790,949 | 97 | ||||
Bangkok Chain Hospital PCL (Foreign) | 168,500 | 95 | ||||
Chularat Hospital PCL (Foreign) | 885,000 | 94 | ||||
Vibhavadi Medical Center PCL (Foreign) | 1,254,700 | 94 | ||||
Sri Trang Agro-Industry PCL (Foreign) | 125,500 | 90 | ||||
Thailand Future Fund | 347,700 | 78 | ||||
Amata Corp. PCL (Foreign) | 136,593 | 77 | ||||
AEON Thana Sinsap Thailand PCL (Foreign) | 13,500 | 77 | ||||
Jay Mart PCL (Foreign) | 95,100 | 76 | ||||
Bangkok Life Assurance PCL NVDR | 80,800 | 73 | ||||
Mega Lifesciences PCL (Foreign) | 56,000 | 73 | ||||
Dohome PCL (Foreign) | 172,580 | 73 | ||||
TOA Paint Thailand PCL (Foreign) | 75,200 | 69 | ||||
Quality Houses PCL (Foreign) | 994,900 | 68 | ||||
Dhipaya Group Holdings PCL (Foreign) | 50,400 | 67 | ||||
Thoresen Thai Agencies PCL (Foreign) | 289,000 | 64 | ||||
Plan B Media PCL (Foreign) | 228,468 | 63 | ||||
Thai Vegetable Oil PCL (Foreign) | 76,070 | 60 | ||||
* | Jasmine Technology Solution PCL (Foreign) | 51,700 | 60 | |||
Singer Thailand PCL (Foreign) | 90,800 | 58 | ||||
Siam City Cement PCL (Foreign) | 13,400 | 55 | ||||
BEC World PCL (Foreign) | 193,400 | 54 |
Shares | Market Value• ($000) | |||||
Tipco Asphalt PCL (Foreign) | 94,800 | 53 | ||||
* | STARK Corp. PCL (Foreign) | 787,700 | 53 | |||
TQM Alpha PCL (Foreign) | 46,700 | 51 | ||||
Bangkok Land PCL (Foreign) | 1,730,200 | 49 | ||||
TTW PCL (Foreign) | 179,400 | 47 | ||||
Major Cineplex Group PCL (Foreign) | 92,700 | 45 | ||||
Sri Trang Gloves Thailand PCL (Foreign) | 142,600 | 45 | ||||
* | Thaicom PCL (Foreign) | 93,100 | 41 | |||
* | Bangkok Airways PCL (Foreign) | 110,500 | 41 | |||
Precious Shipping PCL (Foreign) | 89,000 | 37 | ||||
* | Unique Engineering & Construction PCL (Foreign) | 294,500 | 37 | |||
*,2 | Thai Airways International PCL (Foreign) | 469,000 | 34 | |||
* | Jasmine International PCL (Foreign) | 539,700 | 34 | |||
MK Restaurants Group PCL (Foreign) | 21,000 | 33 | ||||
Thaifoods Group PCL (Foreign) | 213,600 | 32 | ||||
Ratchthani Leasing PCL (Foreign) | 285,000 | 32 | ||||
* | Italian-Thai Development PCL (Foreign) | 575,900 | 30 | |||
Pruksa Holding PCL (Foreign) | 78,900 | 30 | ||||
GFPT PCL (Foreign) | 83,900 | 29 | ||||
MBK PCL (Foreign) | 59,400 | 28 | ||||
Workpoint Entertainment PCL (Foreign) | 53,600 | 27 | ||||
BCPG PCL (Foreign) | 95,351 | 26 | ||||
Super Energy Corp. PCL (Foreign) | 1,608,300 | 26 | ||||
SPCG PCL (Foreign) | 57,800 | 24 | ||||
LPN Development PCL (Foreign) | 190,300 | 23 | ||||
* | Rabbit Holdings plc (Foreign) | 738,100 | 23 | |||
Taokaenoi Food & Marketing PCL (Foreign) | 77,500 | 23 | ||||
* | Samart Corp. PCL (Foreign) | 116,300 | 18 | |||
Origin Property PCL (Foreign) | 38,000 | 13 | ||||
Advanced Info Service PCL | 1,200 | 7 |
Shares | Market Value• ($000) | |||||
* | BCPG PCL Warrants Exp. 11/13/23 | 1 | — | |||
* | VGI PCL Warrants Exp. 5/23/27 | 88,419 | — | |||
26,166 | ||||||
Turkey (0.3%) | ||||||
Turkiye Sise ve Cam Fabrikalari A/S | 286,754 | 717 | ||||
* | Turk Hava Yollari AO | 80,138 | 609 | |||
BIM Birlesik Magazalar A/S | 69,543 | 502 | ||||
Eregli Demir ve Celik Fabrikalari TAS | 209,435 | 488 | ||||
Akbank TAS | 474,597 | 439 | ||||
* | Hektas Ticaret TAS | 187,186 | 352 | |||
Turkcell Iletisim Hizmetleri A/S | 172,514 | 291 | ||||
* | Oyak Cimento Fabrikalari A/S | 107,595 | 289 | |||
Turkiye Is Bankasi A/S Class C | 465,959 | 280 | ||||
Ford Otomotiv Sanayi A/S | 9,454 | 276 | ||||
Yapi ve Kredi Bankasi A/S | 398,900 | 211 | ||||
Kardemir Karabuk Demir Celik Sanayi ve Ticaret A/S | 162,844 | 194 | ||||
Yatas Yatak ve Yorgan Sanayi ve Ticaret A/S | 87,106 | 165 | ||||
* | Gubre Fabrikalari TAS | 12,309 | 151 | |||
* | Petkim Petrokimya Holding A/S | 160,441 | 143 | |||
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S | 297,714 | 132 | ||||
Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A/S | 71,422 | 127 | ||||
AG Anadolu Grubu Holding A/S | 26,745 | 125 | ||||
Tofas Turk Otomobil Fabrikasi A/S | 13,514 | 123 | ||||
Logo Yazilim Sanayi ve Ticaret A/S | 41,096 | 118 | ||||
* | Pegasus Hava Tasimaciligi A/S | 4,362 | 117 | |||
Nuh Cimento Sanayi A/S | 11,274 | 99 | ||||
Turkiye Garanti Bankasi A/S | 77,974 | 96 | ||||
* | Migros Ticaret A/S | 12,293 | 94 | |||
1 | Mavi Giyim Sanayi ve Ticaret A/S Class B | 16,946 | 94 | |||
Is Yatirim Menkul Degerler A/S | 35,721 | 94 | ||||
Tat Gida Sanayi A/S | 64,069 | 84 | ||||
* | Turkiye Vakiflar Bankasi TAO | 162,457 | 83 |
Shares | Market Value• ($000) | |||||
Akcansa Cimento A/S | 22,351 | 78 | ||||
*,1 | MLP Saglik Hizmetleri A/S Class B | 18,870 | 77 | |||
Arcelik A/S | 11,806 | 75 | ||||
Turk Traktor ve Ziraat Makineleri A/S | 2,379 | 71 | ||||
* | Penta Teknoloji Urunleri Dagitim Ticaret A/S | 34,291 | 71 | |||
* | Ulker Biskuvi Sanayi A/S | 43,170 | 70 | |||
* | Konya Cimento Sanayii A/S | 359 | 67 | |||
Coca-Cola Icecek A/S | 6,495 | 66 | ||||
* | TAV Havalimanlari Holding A/S | 15,547 | 62 | |||
* | Torunlar Gayrimenkul Yatirim Ortakligi A/S | 70,799 | 58 | |||
Bera Holding A/S | 92,664 | 58 | ||||
Borusan Yatirim ve Pazarlama A/S | 1,289 | 58 | ||||
EGE Endustri ve Ticaret A/S | 195 | 57 | ||||
* | Turkiye Halk Bankasi A/S | 93,985 | 57 | |||
* | Is Gayrimenkul Yatirim Ortakligi A/S | 99,192 | 55 | |||
* | Sok Marketler Ticaret A/S | 40,730 | 55 | |||
Kartonsan Karton Sanayi ve Ticaret A/S | 12,049 | 52 | ||||
Cimsa Cimento Sanayi ve Ticaret A/S | 7,525 | 50 | ||||
* | Koza Anadolu Metal Madencilik Isletmeleri A/S | 20,611 | 50 | |||
* | Aksigorta A/S | 315,652 | 47 | |||
Aygaz A/S | 11,072 | 45 | ||||
Dogan Sirketler Grubu Holding A/S | 87,978 | 44 | ||||
Dogus Otomotiv Servis ve Ticaret A/S | 4,873 | 44 | ||||
Kordsa Teknik Tekstil A/S | 9,659 | 42 | ||||
Turk Telekomunikasyon A/S | 44,126 | 42 | ||||
* | Vestel Elektronik Sanayi ve Ticaret A/S | 13,419 | 40 | |||
EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A/S | 24,671 | 36 | ||||
Kardemir Karabuk Demir Celik Sanayi ve Ticaret A/S Class A | 31,509 | 34 | ||||
* | Turkiye Sinai Kalkinma Bankasi A/S | 159,385 | 33 | |||
1 | Enerjisa Enerji A/S | 18,394 | 31 | |||
* | Is Finansal Kiralama A/S | 96,694 | 29 | |||
Ziraat Gayrimenkul Yatirim Ortakligi A/S | 102,610 | 27 |
Shares | Market Value• ($000) | |||||
Brisa Bridgestone Sabanci Sanayi ve Ticaret A/S | 7,642 | 24 | ||||
Tekfen Holding A/S | 11,940 | 23 | ||||
* | Kizilbuk Gayrimenkul Yatirim Ortakligi A/S | 19,623 | 23 | |||
Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A/S | 21,642 | 19 | ||||
* | Albaraka Turk Katilim Bankasi A/S | 119,176 | 18 | |||
Polisan Holding A/S | 33,442 | 17 | ||||
Kervan Gida Sanayi ve Ticaret A/S Class B | 14,653 | 17 | ||||
Iskenderun Demir ve Celik A/S | 6,646 | 16 | ||||
* | Sekerbank Turk A/S | 83,507 | 11 | |||
* | Turkiye Petrol Rafinerileri A/S | 1 | — | |||
* | Zorlu Enerji Elektrik Uretim A/S | 1 | — | |||
8,342 | ||||||
United Arab Emirates (0.4%) | ||||||
Emirates Telecommunications Group Co. PJSC | 573,219 | 3,977 | ||||
First Abu Dhabi Bank PJSC | 732,986 | 2,808 | ||||
Emaar Properties PJSC | 983,656 | 1,498 | ||||
* | Alpha Dhabi Holding PJSC | 218,437 | 1,277 | |||
Abu Dhabi Commercial Bank PJSC | 444,916 | 1,014 | ||||
Abu Dhabi Islamic Bank PJSC | 283,924 | 807 | ||||
Aldar Properties PJSC | 548,757 | 701 | ||||
Dubai Electricity & Water Authority PJSC | 687,491 | 445 | ||||
Air Arabia PJSC | 538,852 | 330 | ||||
Dubai Investments PJSC | 352,810 | 220 | ||||
Sharjah Islamic Bank | 272,916 | 167 | ||||
* | Emaar Development PJSC | 128,179 | 165 | |||
Aramex PJSC | 127,687 | 125 | ||||
Dubai Financial Market PJSC | 301,364 | 118 | ||||
GFH Financial Group BSC | 390,935 | 97 | ||||
AL Yah Satellite Communications Co-PJSC-Yah Sat | 114,858 | 84 | ||||
* | RAK Properties PJSC | 520,983 | 82 | |||
*,2 | Arabtec Holding PJSC | 101,139 | 15 | |||
13,930 | ||||||
United Kingdom (8.1%) | ||||||
AstraZeneca plc | 245,455 | 31,977 |
Shares | Market Value• ($000) | |||||
Unilever plc (XLON) | 316,198 | 15,743 | ||||
GSK plc | 662,098 | 11,342 | ||||
RELX plc | 307,879 | 9,284 | ||||
Reckitt Benckiser Group plc | 115,730 | 8,030 | ||||
Lloyds Banking Group plc | 11,308,353 | 7,142 | ||||
Compass Group plc | 300,242 | 6,936 | ||||
Prudential plc | 450,777 | 6,889 | ||||
CRH plc | 127,167 | 5,982 | ||||
Barclays plc | 2,703,749 | 5,674 | ||||
London Stock Exchange Group plc | 59,318 | 5,292 | ||||
Experian plc | 153,073 | 5,161 | ||||
Ferguson plc | 35,363 | 5,091 | ||||
Vodafone Group plc | 4,247,618 | 5,086 | ||||
Unilever plc (XAMS) | 101,641 | 5,071 | ||||
Ashtead Group plc | 76,133 | 5,038 | ||||
Standard Chartered plc | 404,548 | 3,828 | ||||
Tesco plc | 1,241,304 | 3,803 | ||||
3i Group plc | 168,508 | 3,297 | ||||
* | Haleon plc | 818,019 | 3,165 | |||
Legal & General Group plc | 978,187 | 3,011 | ||||
NatWest Group plc | 798,081 | 2,804 | ||||
Rentokil Initial plc | 416,911 | 2,564 | ||||
Aviva plc | 463,263 | 2,489 | ||||
WPP plc | 195,330 | 2,402 | ||||
Smith & Nephew plc | 153,732 | 2,194 | ||||
Bunzl plc | 61,268 | 2,183 | ||||
Burberry Group plc | 71,368 | 2,119 | ||||
Informa plc | 261,489 | 2,101 | ||||
BT Group plc | 1,217,212 | 2,041 | ||||
Segro plc | 205,064 | 2,025 | ||||
Croda International plc | 24,462 | 1,929 | ||||
InterContinental Hotels Group plc | 27,933 | 1,883 | ||||
Next plc | 22,700 | 1,867 | ||||
Halma plc | 69,695 | 1,814 | ||||
Smurfit Kappa Group plc | 47,350 | 1,761 | ||||
Sage Group plc | 191,562 | 1,726 | ||||
St. James's Place plc | 104,291 | 1,606 | ||||
Mondi plc | 88,611 | 1,489 | ||||
Pearson plc | 129,368 | 1,431 | ||||
1 | Auto Trader Group plc | 186,813 | 1,336 | |||
Kingfisher plc | 380,576 | 1,316 | ||||
United Utilities Group plc | 105,357 | 1,286 | ||||
Associated British Foods plc | 52,079 | 1,255 | ||||
Admiral Group plc | 46,779 | 1,238 | ||||
Severn Trent plc | 37,295 | 1,232 | ||||
Berkeley Group Holdings plc | 23,145 | 1,165 | ||||
DCC plc | 20,696 | 1,149 |
Shares | Market Value• ($000) | |||||
Barratt Developments plc | 203,850 | 1,146 | ||||
Whitbread plc | 30,679 | 1,138 | ||||
M&G plc | 439,345 | 1,132 | ||||
J Sainsbury plc | 343,627 | 1,108 | ||||
Rightmove plc | 162,625 | 1,094 | ||||
Antofagasta plc | 57,836 | 1,091 | ||||
Taylor Wimpey plc | 724,379 | 1,072 | ||||
British Land Co. plc | 199,105 | 1,068 | ||||
Persimmon plc | 61,065 | 1,065 | ||||
abrdn plc | 384,241 | 1,035 | ||||
Tate & Lyle plc | 105,920 | 1,022 | ||||
JD Sports Fashion plc | 467,498 | 1,018 | ||||
Howden Joinery Group plc | 115,667 | 996 | ||||
Intermediate Capital Group plc | 58,384 | 983 | ||||
DS Smith plc | 241,060 | 979 | ||||
* | Beazley plc | 117,923 | 970 | |||
Phoenix Group Holdings plc | 121,488 | 925 | ||||
Johnson Matthey plc | 34,213 | 898 | ||||
B&M European Value Retail SA | 151,736 | 897 | ||||
Spectris plc | 20,391 | 864 | ||||
Land Securities Group plc | 103,824 | 857 | ||||
RS Group plc | 72,511 | 853 | ||||
* | Coca-Cola HBC AG | 32,780 | 839 | |||
Britvic plc | 83,592 | 836 | ||||
* | Wise plc Class A | 117,249 | 823 | |||
Investec plc | 121,036 | 771 | ||||
Games Workshop Group plc | 6,780 | 753 | ||||
Bellway plc | 27,822 | 742 | ||||
Greggs plc | 22,440 | 733 | ||||
Endeavour Mining plc | 35,336 | 721 | ||||
UNITE Group plc | 60,720 | 717 | ||||
Man Group plc | 221,793 | 708 | ||||
Hargreaves Lansdown plc | 69,341 | 691 | ||||
Derwent London plc | 21,712 | 679 | ||||
ITV plc | 633,723 | 674 | ||||
Diploma plc | 19,749 | 660 | ||||
* | Ocado Group plc | 99,838 | 660 | |||
Hiscox Ltd. | 47,632 | 652 | ||||
* | Marks & Spencer Group plc | 335,865 | 646 | |||
Hikma Pharmaceuticals plc | 29,185 | 609 | ||||
Direct Line Insurance Group plc | 272,239 | 589 | ||||
Dechra Pharmaceuticals plc | 17,593 | 578 | ||||
1 | ConvaTec Group plc | 213,394 | 576 | |||
Vistry Group plc | 55,783 | 551 | ||||
Inchcape plc | 50,025 | 547 |
Shares | Market Value• ($000) | |||||
Schroders plc | 91,488 | 546 | ||||
IG Group Holdings plc | 52,945 | 511 | ||||
WH Smith plc | 25,303 | 482 | ||||
Genus plc | 12,955 | 462 | ||||
Pennon Group plc | 46,632 | 462 | ||||
Close Brothers Group plc | 35,310 | 431 | ||||
OSB Group plc | 61,177 | 410 | ||||
International Distributions Services plc | 134,908 | 379 | ||||
Virgin Money UK plc | 165,911 | 359 | ||||
*,3 | TUI AG | 17,953 | 352 | |||
Mediclinic International plc | 57,364 | 344 | ||||
*,1 | Watches of Switzerland Group plc | 34,203 | 342 | |||
Pets at Home Group plc | 65,569 | 306 | ||||
Paragon Banking Group plc | 42,275 | 303 | ||||
1 | Airtel Africa plc | 207,911 | 300 | |||
TP ICAP Group plc | 128,646 | 299 | ||||
Softcat plc | 20,042 | 292 | ||||
Future plc | 17,277 | 291 | ||||
*,1 | Network International Holdings plc | 83,705 | 289 | |||
Victrex plc | 12,932 | 273 | ||||
Computacenter plc | 9,981 | 272 | ||||
Safestore Holdings plc | 22,102 | 268 | ||||
Grafton Group plc | 23,343 | 267 | ||||
* | easyJet plc | 45,766 | 266 | |||
Bank of Georgia Group plc | 7,644 | 257 | ||||
Big Yellow Group plc | 17,540 | 255 | ||||
Dunelm Group plc | 16,399 | 248 | ||||
* | Oxford Nanopore Technologies plc | 98,025 | 246 | |||
Capital & Counties Properties plc | 161,623 | 245 | ||||
Lancashire Holdings Ltd. | 32,351 | 238 | ||||
Redrow plc | 38,445 | 236 | ||||
Grainger plc | 76,840 | 235 | ||||
Mitie Group plc | 238,464 | 232 | ||||
LondonMetric Property plc | 100,762 | 229 | ||||
* | Frasers Group plc | 23,752 | 228 | |||
Domino's Pizza Group plc | 65,609 | 226 | ||||
Ashmore Group plc | 69,207 | 225 | ||||
Fresnillo plc | 24,255 | 223 | ||||
Kainos Group plc | 13,262 | 222 | ||||
Spirent Communications plc | 85,580 | 219 | ||||
* | IWG plc | 98,718 | 217 | |||
Pagegroup plc | 39,705 | 213 |
Shares | Market Value• ($000) | |||||
Supermarket Income REIT plc | 194,176 | 213 | ||||
Cranswick plc | 5,611 | 212 | ||||
Hays plc | 149,269 | 212 | ||||
* | Carnival plc | 22,340 | 211 | |||
Hammerson plc | 574,845 | 210 | ||||
1 | Quilter plc | 187,691 | 208 | |||
*,1 | Trainline plc | 67,181 | 207 | |||
Telecom Plus plc | 9,552 | 202 | ||||
Plus500 Ltd. | 9,387 | 202 | ||||
*,1 | Deliveroo plc Class A | 202,828 | 201 | |||
TBC Bank Group plc | 6,679 | 199 | ||||
* | Darktrace plc | 62,879 | 198 | |||
* | S4 Capital plc | 77,426 | 191 | |||
Savills plc | 15,760 | 190 | ||||
* | International Consolidated Airlines Group SA | 101,440 | 189 | |||
* | Ascential plc | 55,537 | 181 | |||
Moneysupermarket.com Group plc | 62,949 | 175 | ||||
Assura plc | 281,236 | 173 | ||||
Coats Group plc | 188,307 | 166 | ||||
Rathbones Group plc | 6,545 | 164 | ||||
Dr. Martens plc | 85,408 | 163 | ||||
Centamin plc | 126,219 | 155 | ||||
1 | JTC plc | 16,112 | 150 | |||
Great Portland Estates plc | 21,612 | 147 | ||||
AJ Bell plc | 35,417 | 139 | ||||
Redde Northgate plc | 27,801 | 135 | ||||
IntegraFin Holdings plc | 39,648 | 135 | ||||
*,1,3 | Aston Martin Lagonda Global Holdings plc | 53,740 | 130 | |||
Workspace Group plc | 20,840 | 128 | ||||
Clarkson plc | 3,174 | 126 | ||||
Just Group plc | 113,354 | 119 | ||||
* | Helios Towers plc | 89,390 | 118 | |||
Primary Health Properties plc | 89,894 | 117 | ||||
Currys plc | 119,370 | 116 | ||||
* | ASOS plc | 11,038 | 115 | |||
1 | Bridgepoint Group plc | 36,608 | 110 | |||
* | Auction Technology Group plc | 13,116 | 109 | |||
Synthomer plc | 57,042 | 105 | ||||
Premier Foods plc | 75,666 | 104 | ||||
Bytes Technology Group plc | 21,742 | 104 | ||||
* | Molten Ventures plc | 21,588 | 101 | |||
Liontrust Asset Management plc | 7,017 | 101 | ||||
Firstgroup plc | 79,386 | 100 | ||||
* | National Express Group plc | 66,519 | 100 | |||
Marshalls plc | 24,700 | 100 | ||||
Volution Group plc | 22,204 | 98 |
Shares | Market Value• ($000) | |||||
Genuit Group plc | 25,759 | 97 | ||||
* | PureTech Health plc | 35,771 | 97 | |||
* | THG plc Class B | 133,368 | 93 | |||
Ninety One plc | 35,925 | 91 | ||||
Ferrexpo plc | 48,315 | 86 | ||||
IP Group plc | 107,808 | 84 | ||||
* | Oxford Biomedica plc | 12,600 | 83 | |||
Shaftesbury plc | 15,778 | 79 | ||||
Sirius Real Estate Ltd. | 77,559 | 78 | ||||
Vesuvius plc | 15,181 | 75 | ||||
Picton Property Income Ltd. | 81,152 | 74 | ||||
* | Elementis plc | 46,692 | 71 | |||
NCC Group plc | 34,647 | 71 | ||||
RHI Magnesita NV | 2,286 | 71 | ||||
*,1 | Wizz Air Holdings plc | 2,261 | 70 | |||
Jupiter Fund Management plc | 38,914 | 69 | ||||
Provident Financial plc | 25,517 | 68 | ||||
Halfords Group plc | 26,302 | 67 | ||||
* | Moonpig Group plc | 48,020 | 67 | |||
* | Greencore Group plc | 64,694 | 63 | |||
FDM Group Holdings plc | 6,191 | 61 | ||||
Hilton Food Group plc | 7,117 | 61 | ||||
1 | TI Fluid Systems plc | 39,793 | 58 | |||
Keller Group plc | 5,898 | 57 | ||||
XP Power Ltd. | 2,029 | 57 | ||||
1 | Petershill Partners plc | 28,505 | 57 | |||
*,1 | Trustpilot Group plc | 46,538 | 57 | |||
* | AO World plc | 60,942 | 51 | |||
Wickes Group plc | 27,870 | 50 | ||||
* | Alphawave IP Group plc | 43,172 | 48 | |||
Devro plc | 12,018 | 47 | ||||
*,1 | Spire Healthcare Group plc | 16,080 | 46 | |||
Helical plc | 10,512 | 45 | ||||
CLS Holdings plc | 23,736 | 42 | ||||
Crest Nicholson Holdings plc | 13,949 | 41 | ||||
1 | Alfa Financial Software Holdings plc | 19,452 | 38 | |||
1 | Ibstock plc | 15,964 | 33 |
Shares | Market Value• ($000) | |||||
Hochschild Mining plc | 39,324 | 30 | ||||
1 | Bakkavor Group plc | 21,342 | 29 | |||
1 | CMC Markets plc | 9,033 | 27 | |||
AG Barr plc | 2,978 | 20 | ||||
PZ Cussons plc | 5,461 | 12 | ||||
* | SIG plc | 2,970 | 2 | |||
*,2 | NMC Health plc | 4,208 | — | |||
265,465 | ||||||
Total Common Stocks (Cost $3,392,130) | 3,248,960 | |||||
Temporary Cash Investments (0.7%) | ||||||
Money Market Fund (0.7%) | ||||||
4,5 | Vanguard Market Liquidity Fund, 4.640% (Cost $20,710) | 207,145 | 20,713 | |||
Total Investments (100.3%) (Cost $3,412,840) | 3,269,673 | |||||
Other Assets and Liabilities—Net (-0.3%) | (8,414) | |||||
Net Assets (100%) | 3,261,259 |
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2023, the aggregate value was $104,768,000, representing 3.2% of net assets. |
2 | Security value determined using significant unobservable inputs. |
3 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $12,883,000. |
4 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
5 | Collateral of $15,938,000 was received for securities on loan. |
ADR—American Depositary Receipt. | |
GDR—Global Depositary Receipt. | |
NVDR—Non-Voting Depositary Receipt. | |
REIT—Real Estate Investment Trust. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini S&P 500 Index | March 2023 | 2 | 398 | (12) |
MSCI EAFE Index | March 2023 | 80 | 8,186 | 167 |
MSCI Emerging Market Index | March 2023 | 67 | 3,226 | (65) |
90 |
Forward Currency Contracts | |||||||
Contract Settlement Date | Contract Amount (000) | Unrealized Appreciation ($000) | Unrealized (Depreciation) ($000) | ||||
Counterparty | Receive | Deliver | |||||
JPMorgan Chase Bank, N.A. | 3/15/23 | INR | 107,647 | USD | 1,298 | 3 | — |
Toronto-Dominion Bank | 3/15/23 | JPY | 351,741 | USD | 2,597 | — | (9) |
UBS AG | 3/15/23 | TWD | 50,866 | USD | 1,677 | — | (4) |
Toronto-Dominion Bank | 3/15/23 | USD | 486 | AUD | 713 | 6 | — |
BNP Paribas | 3/15/23 | USD | 2,122 | CHF | 1,966 | 31 | — |
JPMorgan Chase Bank, N.A. | 3/15/23 | USD | 564 | EUR | 531 | 2 | — |
JPMorgan Chase Bank, N.A. | 3/15/23 | USD | 515 | GBP | 419 | 11 | — |
Toronto-Dominion Bank | 3/15/23 | USD | 639 | HKD | 4,976 | 5 | — |
Toronto-Dominion Bank | 3/15/23 | USD | 3,074 | JPY | 412,509 | 39 | — |
BNP Paribas | 3/15/23 | USD | 823 | KRW | 1,069,562 | 15 | — |
Toronto-Dominion Bank | 3/15/23 | USD | 925 | SGD | 1,256 | — | (7) |
UBS AG | 3/15/23 | USD | 1,931 | TWD | 58,063 | 22 | — |
134 | (20) |
AUD—Australian dollar. |
CHF—Swiss franc. |
EUR—euro. |
GBP—British pound. |
HKD—Hong Kong dollar. |
INR—Indian rupee. |
JPY—Japanese yen. |
KRW—Korean won. |
SGD—Singapore dollar. |
TWD—Taiwanese dollar. |
USD—U.S. dollar. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $3,392,130) | 3,248,960 |
Affiliated Issuers (Cost $20,710) | 20,713 |
Total Investments in Securities | 3,269,673 |
Investment in Vanguard | 116 |
Cash | 919 |
Foreign Currency, at Value (Cost $2,158) | 2,141 |
Cash Collateral Pledged—Futures Contracts | 390 |
Receivables for Investment Securities Sold | 28 |
Receivables for Accrued Income | 8,419 |
Receivables for Capital Shares Issued | 97 |
Unrealized Appreciation—Forward Currency Contracts | 134 |
Total Assets | 3,281,917 |
Liabilities | |
Payables for Investment Securities Purchased | 3,134 |
Collateral for Securities on Loan | 15,938 |
Payables to Vanguard | 202 |
Variation Margin Payable—Futures Contracts | 88 |
Unrealized Depreciation—Forward Currency Contracts | 20 |
Deferred Foreign Capital Gains Taxes | 1,276 |
Total Liabilities | 20,658 |
Net Assets | 3,261,259 |
1 Includes $12,883,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 3,531,819 |
Total Distributable Earnings (Loss) | (270,560) |
Net Assets | 3,261,259 |
Net Assets | |
Applicable to 63,800,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 3,261,259 |
Net Asset Value Per Share | $51.12 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 24,211 |
Interest2 | 131 |
Securities Lending—Net | 233 |
Total Income | 24,575 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 36 |
Management and Administrative | 1,352 |
Marketing and Distribution | 79 |
Custodian Fees | 228 |
Shareholders’ Reports | 40 |
Trustees’ Fees and Expenses | 1 |
Other Expenses | 94 |
Total Expenses | 1,830 |
Net Investment Income | 22,745 |
Realized Net Gain (Loss) | |
Investment Securities Sold2 | (46,679) |
Futures Contracts | 1,106 |
Forward Currency Contracts | 193 |
Foreign Currencies | 143 |
Realized Net Gain (Loss) | (45,237) |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2,3 | 217,807 |
Futures Contracts | 224 |
Forward Currency Contracts | (460) |
Foreign Currencies | 99 |
Change in Unrealized Appreciation (Depreciation) | 217,670 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 195,178 |
1 | Dividends are net of foreign withholding taxes of $2,876,000. |
2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $118,000, $5,000, less than $1,000, and $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | The change in unrealized appreciation (depreciation) is net of the change in deferred foreign capital gains taxes of ($829,000). |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 22,745 | 85,865 | |
Realized Net Gain (Loss) | (45,237) | (70,545) | |
Change in Unrealized Appreciation (Depreciation) | 217,670 | (789,356) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 195,178 | (774,036) | |
Distributions | |||
Total Distributions | (32,081) | (87,251) | |
Capital Share Transactions | |||
Issued | 234,289 | 1,164,332 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | — | — | |
Net Increase (Decrease) from Capital Share Transactions | 234,289 | 1,164,332 | |
Total Increase (Decrease) | 397,386 | 303,045 | |
Net Assets | |||
Beginning of Period | 2,863,873 | 2,560,828 | |
End of Period | 3,261,259 | 2,863,873 |
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | September 18, 20181 to August 31, 2019 | ||
2022 | 2021 | 2020 | |||
Net Asset Value, Beginning of Period | $48.46 | $64.34 | $52.38 | $48.09 | $50.00 |
Investment Operations | |||||
Net Investment Income2 | .374 | 1.632 | 1.295 | 1.192 | 1.529 |
Net Realized and Unrealized Gain (Loss) on Investments | 2.815 | (15.837) | 11.907 | 4.138 | (2.714) |
Total from Investment Operations | 3.189 | (14.205) | 13.202 | 5.330 | (1.185) |
Distributions | |||||
Dividends from Net Investment Income | (.529) | (1.675) | (1.242) | (1.040) | (.725) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (.529) | (1.675) | (1.242) | (1.040) | (.725) |
Net Asset Value, End of Period | $51.12 | $48.46 | $64.34 | $52.38 | $48.09 |
Total Return | 6.64% | -22.38% | 25.45% | 11.23% | -2.36% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $3,261 | $2,864 | $2,561 | $1,205 | $418 |
Ratio of Total Expenses to Average Net Assets | 0.12% | 0.12% | 0.12% | 0.15% | 0.17%3,4 |
Ratio of Net Investment Income to Average Net Assets | 1.42% | 2.89% | 2.14% | 2.45% | 3.30%3 |
Portfolio Turnover Rate5 | 4% | 12% | 7% | 12% | 22% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Inception. |
2 | Calculated based on average shares outstanding. |
3 | Annualized. |
4 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.15%. |
5 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 315,825 | 2,932,761 | 374 | 3,248,960 |
Temporary Cash Investments | 20,713 | — | — | 20,713 |
Total | 336,538 | 2,932,761 | 374 | 3,269,673 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 167 | — | — | 167 |
Forward Currency Contracts | — | 134 | — | 134 |
Total | 167 | 134 | — | 301 |
Liabilities | ||||
Futures Contracts1 | 77 | — | — | 77 |
Forward Currency Contracts | — | 20 | — | 20 |
Total | 77 | 20 | — | 97 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Statement of Assets and Liabilities | Equity Contracts ($000) | Foreign Exchange Contracts ($000) | Total ($000) |
Unrealized Appreciation—Futures Contracts1 | 167 | — | 167 |
Unrealized Appreciation—Forward Currency Contracts | — | 134 | 134 |
Total Assets | 167 | 134 | 301 |
Unrealized Depreciation—Futures Contracts1 | 77 | — | 77 |
Unrealized Depreciation—Forward Currency Contracts | — | 20 | 20 |
Total Liabilities | 77 | 20 | 97 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Realized Net Gain (Loss) on Derivatives | Equity Contracts ($000) | Foreign Exchange Contracts ($000) | Total ($000) |
Futures Contracts | 1,106 | — | 1,106 |
Forward Currency Contracts | — | 193 | 193 |
Realized Net Gain (Loss) on Derivatives | 1,106 | 193 | 1,299 |
Change in Unrealized Appreciation (Depreciation) on Derivatives | |||
Futures Contracts | 224 | — | 224 |
Forward Currency Contracts | — | (460) | (460) |
Change in Unrealized Appreciation (Depreciation) on Derivatives | 224 | (460) | (236) |
Amount ($000) | |
Tax Cost | 3,420,240 |
Gross Unrealized Appreciation | 350,940 |
Gross Unrealized Depreciation | (501,303) |
Net Unrealized Appreciation (Depreciation) | (150,363) |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
Shares (000) | Shares (000) | ||
Issued | 4,700 | 19,300 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | — | — | |
Net Increase (Decrease) in Shares Outstanding | 4,700 | 19,300 |
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• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2023 | |||
ESG U.S. Corporate Bond ETF | Beginning Account Value 8/31/2022 | Ending Account Value 2/28/2023 | Expenses Paid During Period |
Based on Actual Fund Return | $1,000.00 | $989.30 | $0.59 |
Based on Hypothetical 5% Yearly Return | 1,000.00 | 1,024.20 | 0.60 |
Corporate Bonds – Communications | 12.7% |
Corporate Bonds – Consumer Discretionary | 6.8 |
Corporate Bonds – Consumer Staples | 3.8 |
Corporate Bonds – Financials | 44.1 |
Corporate Bonds – Health Care | 14.9 |
Corporate Bonds – Industrials | 1.7 |
Corporate Bonds – Materials | 1.3 |
Corporate Bonds – Real Estate | 2.0 |
Corporate Bonds – Technology | 12.6 |
Corporate Bonds – Utilities | 0.1 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Corporate Bonds (98.7%) | ||||||
Communications (12.5%) | ||||||
Activision Blizzard Inc. | 3.400% | 9/15/26 | 95 | 90 | ||
Activision Blizzard Inc. | 2.500% | 9/15/50 | 150 | 94 | ||
Alphabet Inc. | 0.450% | 8/15/25 | 50 | 45 | ||
Alphabet Inc. | 1.998% | 8/15/26 | 200 | 183 | ||
Alphabet Inc. | 0.800% | 8/15/27 | 185 | 158 | ||
Alphabet Inc. | 1.100% | 8/15/30 | 200 | 158 | ||
Alphabet Inc. | 1.900% | 8/15/40 | 185 | 123 | ||
Alphabet Inc. | 2.050% | 8/15/50 | 236 | 142 | ||
Alphabet Inc. | 2.250% | 8/15/60 | 150 | 87 | ||
America Movil SAB de CV | 3.625% | 4/22/29 | 210 | 191 | ||
America Movil SAB de CV | 2.875% | 5/7/30 | 175 | 150 | ||
America Movil SAB de CV | 4.700% | 7/21/32 | 40 | 38 | ||
America Movil SAB de CV | 6.375% | 3/1/35 | 75 | 81 | ||
America Movil SAB de CV | 6.125% | 3/30/40 | 160 | 169 | ||
America Movil SAB de CV | 4.375% | 7/16/42 | 55 | 48 | ||
America Movil SAB de CV | 4.375% | 4/22/49 | 145 | 125 | ||
AT&T Inc. | 0.900% | 3/25/24 | 155 | 148 | ||
AT&T Inc. | 5.539% | 2/20/26 | 180 | 179 | ||
AT&T Inc. | 1.700% | 3/25/26 | 380 | 341 | ||
AT&T Inc. | 3.800% | 2/15/27 | 70 | 66 | ||
AT&T Inc. | 4.250% | 3/1/27 | 235 | 228 | ||
AT&T Inc. | 2.300% | 6/1/27 | 355 | 317 | ||
AT&T Inc. | 1.650% | 2/1/28 | 125 | 106 | ||
1 | AT&T Inc. | 4.100% | 2/15/28 | 180 | 172 | |
AT&T Inc. | 4.350% | 3/1/29 | 355 | 337 | ||
1 | AT&T Inc. | 4.300% | 2/15/30 | 300 | 281 | |
AT&T Inc. | 2.750% | 6/1/31 | 220 | 182 | ||
AT&T Inc. | 2.250% | 2/1/32 | 315 | 246 | ||
AT&T Inc. | 2.550% | 12/1/33 | 410 | 314 | ||
AT&T Inc. | 4.500% | 5/15/35 | 185 | 166 | ||
AT&T Inc. | 4.850% | 3/1/39 | 104 | 93 | ||
AT&T Inc. | 3.500% | 6/1/41 | 270 | 203 | ||
AT&T Inc. | 4.300% | 12/15/42 | 195 | 161 | ||
AT&T Inc. | 4.350% | 6/15/45 | 155 | 126 | ||
AT&T Inc. | 4.750% | 5/15/46 | 40 | 34 | ||
AT&T Inc. | 4.500% | 3/9/48 | 250 | 206 | ||
AT&T Inc. | 4.550% | 3/9/49 | 150 | 124 | ||
AT&T Inc. | 3.650% | 6/1/51 | 350 | 250 | ||
AT&T Inc. | 3.300% | 2/1/52 | 55 | 38 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
AT&T Inc. | 3.500% | 9/15/53 | 805 | 553 | ||
AT&T Inc. | 3.550% | 9/15/55 | 830 | 563 | ||
AT&T Inc. | 3.800% | 12/1/57 | 572 | 401 | ||
AT&T Inc. | 3.650% | 9/15/59 | 625 | 423 | ||
AT&T Inc. | 3.850% | 6/1/60 | 245 | 171 | ||
Bell Telephone Co. of Canada or Bell Canada | 4.464% | 4/1/48 | 135 | 115 | ||
Bell Telephone Co. of Canada or Bell Canada | 3.650% | 8/15/52 | 20 | 15 | ||
Booking Holdings Inc. | 3.600% | 6/1/26 | 165 | 157 | ||
Booking Holdings Inc. | 4.625% | 4/13/30 | 155 | 150 | ||
British Telecommunications plc | 9.625% | 12/15/30 | 250 | 302 | ||
Charter Communications Operating LLC | 4.908% | 7/23/25 | 355 | 347 | ||
Charter Communications Operating LLC | 3.750% | 2/15/28 | 115 | 104 | ||
Charter Communications Operating LLC | 4.200% | 3/15/28 | 155 | 142 | ||
Charter Communications Operating LLC | 2.250% | 1/15/29 | 140 | 112 | ||
Charter Communications Operating LLC | 5.050% | 3/30/29 | 195 | 182 | ||
Charter Communications Operating LLC | 2.800% | 4/1/31 | 260 | 203 | ||
Charter Communications Operating LLC | 2.300% | 2/1/32 | 150 | 110 | ||
Charter Communications Operating LLC | 6.384% | 10/23/35 | 225 | 215 | ||
Charter Communications Operating LLC | 5.375% | 4/1/38 | 160 | 134 | ||
Charter Communications Operating LLC | 3.500% | 6/1/41 | 195 | 127 | ||
Charter Communications Operating LLC | 3.500% | 3/1/42 | 245 | 158 | ||
Charter Communications Operating LLC | 6.484% | 10/23/45 | 360 | 326 | ||
Charter Communications Operating LLC | 5.375% | 5/1/47 | 230 | 182 | ||
Charter Communications Operating LLC | 5.750% | 4/1/48 | 228 | 190 | ||
Charter Communications Operating LLC | 5.125% | 7/1/49 | 80 | 61 | ||
Charter Communications Operating LLC | 4.800% | 3/1/50 | 190 | 138 | ||
Charter Communications Operating LLC | 3.700% | 4/1/51 | 210 | 128 | ||
Charter Communications Operating LLC | 3.900% | 6/1/52 | 295 | 186 | ||
Charter Communications Operating LLC | 5.250% | 4/1/53 | 35 | 27 | ||
Charter Communications Operating LLC | 3.850% | 4/1/61 | 270 | 159 | ||
Charter Communications Operating LLC | 4.400% | 12/1/61 | 180 | 116 | ||
Charter Communications Operating LLC | 3.950% | 6/30/62 | 65 | 39 | ||
Charter Communications Operating LLC | 5.500% | 4/1/63 | 125 | 97 | ||
Comcast Corp. | 3.700% | 4/15/24 | 300 | 295 | ||
Comcast Corp. | 3.375% | 2/15/25 | 65 | 63 | ||
Comcast Corp. | 3.375% | 8/15/25 | 160 | 154 | ||
Comcast Corp. | 3.950% | 10/15/25 | 360 | 350 | ||
Comcast Corp. | 3.150% | 3/1/26 | 150 | 142 | ||
Comcast Corp. | 2.350% | 1/15/27 | 220 | 199 | ||
Comcast Corp. | 3.300% | 2/1/27 | 215 | 202 | ||
Comcast Corp. | 3.150% | 2/15/28 | 45 | 41 | ||
Comcast Corp. | 3.550% | 5/1/28 | 185 | 172 | ||
Comcast Corp. | 4.150% | 10/15/28 | 360 | 344 | ||
Comcast Corp. | 2.650% | 2/1/30 | 250 | 215 | ||
Comcast Corp. | 3.400% | 4/1/30 | 140 | 126 | ||
Comcast Corp. | 4.250% | 10/15/30 | 140 | 133 | ||
Comcast Corp. | 1.950% | 1/15/31 | 125 | 100 | ||
Comcast Corp. | 1.500% | 2/15/31 | 65 | 50 | ||
Comcast Corp. | 4.250% | 1/15/33 | 175 | 164 | ||
Comcast Corp. | 7.050% | 3/15/33 | 150 | 171 | ||
Comcast Corp. | 4.200% | 8/15/34 | 115 | 106 | ||
Comcast Corp. | 5.650% | 6/15/35 | 110 | 114 | ||
Comcast Corp. | 4.400% | 8/15/35 | 85 | 78 | ||
Comcast Corp. | 3.200% | 7/15/36 | 135 | 109 | ||
Comcast Corp. | 3.900% | 3/1/38 | 205 | 176 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Comcast Corp. | 4.600% | 10/15/38 | 70 | 65 | ||
Comcast Corp. | 3.250% | 11/1/39 | 70 | 54 | ||
Comcast Corp. | 3.750% | 4/1/40 | 200 | 165 | ||
Comcast Corp. | 4.600% | 8/15/45 | 20 | 18 | ||
Comcast Corp. | 3.400% | 7/15/46 | 160 | 118 | ||
Comcast Corp. | 4.000% | 8/15/47 | 135 | 109 | ||
Comcast Corp. | 3.969% | 11/1/47 | 240 | 193 | ||
Comcast Corp. | 4.000% | 3/1/48 | 160 | 129 | ||
Comcast Corp. | 4.700% | 10/15/48 | 108 | 98 | ||
Comcast Corp. | 3.999% | 11/1/49 | 270 | 218 | ||
Comcast Corp. | 3.450% | 2/1/50 | 75 | 55 | ||
Comcast Corp. | 2.800% | 1/15/51 | 217 | 139 | ||
Comcast Corp. | 2.887% | 11/1/51 | 409 | 265 | ||
Comcast Corp. | 2.450% | 8/15/52 | 275 | 163 | ||
Comcast Corp. | 4.049% | 11/1/52 | 165 | 133 | ||
Comcast Corp. | 2.937% | 11/1/56 | 552 | 347 | ||
Comcast Corp. | 4.950% | 10/15/58 | 140 | 130 | ||
Comcast Corp. | 2.650% | 8/15/62 | 185 | 106 | ||
Comcast Corp. | 2.987% | 11/1/63 | 408 | 249 | ||
Deutsche Telekom International Finance BV | 8.750% | 6/15/30 | 390 | 462 | ||
Discovery Communications LLC | 3.950% | 3/20/28 | 210 | 192 | ||
Discovery Communications LLC | 4.125% | 5/15/29 | 140 | 125 | ||
Discovery Communications LLC | 3.625% | 5/15/30 | 60 | 51 | ||
Discovery Communications LLC | 5.200% | 9/20/47 | 135 | 108 | ||
Discovery Communications LLC | 5.300% | 5/15/49 | 75 | 60 | ||
Discovery Communications LLC | 4.650% | 5/15/50 | 50 | 36 | ||
Discovery Communications LLC | 4.000% | 9/15/55 | 100 | 64 | ||
Electronic Arts Inc. | 1.850% | 2/15/31 | 130 | 102 | ||
Electronic Arts Inc. | 2.950% | 2/15/51 | 95 | 60 | ||
Expedia Group Inc. | 3.800% | 2/15/28 | 140 | 129 | ||
Expedia Group Inc. | 3.250% | 2/15/30 | 120 | 101 | ||
Fox Corp. | 4.709% | 1/25/29 | 330 | 315 | ||
Fox Corp. | 5.476% | 1/25/39 | 165 | 151 | ||
Fox Corp. | 5.576% | 1/25/49 | 123 | 112 | ||
Grupo Televisa SAB | 5.000% | 5/13/45 | 30 | 26 | ||
Grupo Televisa SAB | 6.125% | 1/31/46 | 150 | 150 | ||
Meta Platforms Inc. | 3.500% | 8/15/27 | 270 | 254 | ||
Meta Platforms Inc. | 3.850% | 8/15/32 | 295 | 265 | ||
Meta Platforms Inc. | 4.450% | 8/15/52 | 250 | 207 | ||
Meta Platforms Inc. | 4.650% | 8/15/62 | 150 | 125 | ||
Omnicom Group Inc. | 3.650% | 11/1/24 | 130 | 126 | ||
Omnicom Group Inc. | 3.600% | 4/15/26 | 90 | 86 | ||
Omnicom Group Inc. | 2.600% | 8/1/31 | 95 | 78 | ||
Orange SA | 9.000% | 3/1/31 | 279 | 341 | ||
Orange SA | 5.375% | 1/13/42 | 105 | 104 | ||
Orange SA | 5.500% | 2/6/44 | 65 | 65 | ||
Paramount Global | 4.000% | 1/15/26 | 85 | 81 | ||
Paramount Global | 7.875% | 7/30/30 | 140 | 151 | ||
Paramount Global | 4.950% | 1/15/31 | 230 | 206 | ||
Paramount Global | 4.200% | 5/19/32 | 230 | 189 | ||
Paramount Global | 6.875% | 4/30/36 | 100 | 99 | ||
Paramount Global | 4.375% | 3/15/43 | 70 | 49 | ||
Paramount Global | 5.850% | 9/1/43 | 40 | 34 | ||
Paramount Global | 4.950% | 5/19/50 | 115 | 85 | ||
2 | Rogers Communications Inc. | 2.950% | 3/15/25 | 50 | 47 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
2 | Rogers Communications Inc. | 3.200% | 3/15/27 | 125 | 115 | |
2 | Rogers Communications Inc. | 3.800% | 3/15/32 | 275 | 240 | |
2 | Rogers Communications Inc. | 4.500% | 3/15/42 | 95 | 78 | |
Rogers Communications Inc. | 5.000% | 3/15/44 | 95 | 82 | ||
Rogers Communications Inc. | 4.300% | 2/15/48 | 70 | 54 | ||
Rogers Communications Inc. | 4.350% | 5/1/49 | 70 | 55 | ||
Rogers Communications Inc. | 3.700% | 11/15/49 | 105 | 74 | ||
2 | Rogers Communications Inc. | 4.550% | 3/15/52 | 245 | 196 | |
Take-Two Interactive Software Inc. | 3.300% | 3/28/24 | 135 | 132 | ||
Telefonica Emisiones SA | 4.103% | 3/8/27 | 140 | 133 | ||
Telefonica Emisiones SA | 7.045% | 6/20/36 | 175 | 184 | ||
Telefonica Emisiones SA | 4.665% | 3/6/38 | 90 | 74 | ||
Telefonica Emisiones SA | 5.213% | 3/8/47 | 315 | 263 | ||
Telefonica Emisiones SA | 4.895% | 3/6/48 | 60 | 48 | ||
Telefonica Emisiones SA | 5.520% | 3/1/49 | 155 | 134 | ||
Telefonica Europe BV | 8.250% | 9/15/30 | 150 | 170 | ||
TELUS Corp. | 3.400% | 5/13/32 | 120 | 102 | ||
TELUS Corp. | 4.600% | 11/16/48 | 10 | 9 | ||
Time Warner Cable Enterprises LLC | 8.375% | 7/15/33 | 105 | 118 | ||
Time Warner Cable LLC | 6.550% | 5/1/37 | 175 | 167 | ||
Time Warner Cable LLC | 7.300% | 7/1/38 | 70 | 70 | ||
Time Warner Cable LLC | 6.750% | 6/15/39 | 125 | 120 | ||
Time Warner Cable LLC | 5.875% | 11/15/40 | 70 | 62 | ||
Time Warner Cable LLC | 5.500% | 9/1/41 | 225 | 190 | ||
Time Warner Cable LLC | 4.500% | 9/15/42 | 220 | 164 | ||
T-Mobile USA Inc. | 3.500% | 4/15/25 | 390 | 374 | ||
T-Mobile USA Inc. | 1.500% | 2/15/26 | 200 | 179 | ||
T-Mobile USA Inc. | 2.250% | 2/15/26 | 170 | 155 | ||
T-Mobile USA Inc. | 2.625% | 4/15/26 | 115 | 105 | ||
T-Mobile USA Inc. | 3.750% | 4/15/27 | 405 | 381 | ||
T-Mobile USA Inc. | 4.750% | 2/1/28 | 150 | 145 | ||
T-Mobile USA Inc. | 2.050% | 2/15/28 | 195 | 167 | ||
T-Mobile USA Inc. | 3.375% | 4/15/29 | 295 | 261 | ||
T-Mobile USA Inc. | 3.875% | 4/15/30 | 440 | 399 | ||
T-Mobile USA Inc. | 2.550% | 2/15/31 | 300 | 245 | ||
T-Mobile USA Inc. | 2.875% | 2/15/31 | 95 | 79 | ||
T-Mobile USA Inc. | 3.500% | 4/15/31 | 260 | 225 | ||
T-Mobile USA Inc. | 2.250% | 11/15/31 | 200 | 157 | ||
T-Mobile USA Inc. | 2.700% | 3/15/32 | 90 | 73 | ||
T-Mobile USA Inc. | 5.200% | 1/15/33 | 130 | 127 | ||
T-Mobile USA Inc. | 5.050% | 7/15/33 | 275 | 265 | ||
T-Mobile USA Inc. | 4.375% | 4/15/40 | 205 | 174 | ||
T-Mobile USA Inc. | 3.000% | 2/15/41 | 300 | 209 | ||
T-Mobile USA Inc. | 4.500% | 4/15/50 | 345 | 287 | ||
T-Mobile USA Inc. | 3.300% | 2/15/51 | 385 | 258 | ||
T-Mobile USA Inc. | 3.400% | 10/15/52 | 200 | 136 | ||
T-Mobile USA Inc. | 5.650% | 1/15/53 | 160 | 157 | ||
T-Mobile USA Inc. | 3.600% | 11/15/60 | 240 | 160 | ||
1 | TWDC Enterprises 18 Corp. | 3.150% | 9/17/25 | 70 | 67 | |
TWDC Enterprises 18 Corp. | 3.000% | 2/13/26 | 74 | 70 | ||
1 | TWDC Enterprises 18 Corp. | 1.850% | 7/30/26 | 120 | 108 | |
1 | TWDC Enterprises 18 Corp. | 2.950% | 6/15/27 | 70 | 65 | |
1 | TWDC Enterprises 18 Corp. | 4.125% | 6/1/44 | 170 | 146 | |
VeriSign Inc. | 2.700% | 6/15/31 | 100 | 81 | ||
Verizon Communications Inc. | 0.750% | 3/22/24 | 90 | 86 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Verizon Communications Inc. | 3.500% | 11/1/24 | 60 | 58 | ||
Verizon Communications Inc. | 3.376% | 2/15/25 | 185 | 179 | ||
Verizon Communications Inc. | 0.850% | 11/20/25 | 220 | 197 | ||
Verizon Communications Inc. | 2.625% | 8/15/26 | 270 | 248 | ||
Verizon Communications Inc. | 4.125% | 3/16/27 | 390 | 375 | ||
Verizon Communications Inc. | 3.000% | 3/22/27 | 145 | 134 | ||
Verizon Communications Inc. | 2.100% | 3/22/28 | 345 | 298 | ||
Verizon Communications Inc. | 4.329% | 9/21/28 | 520 | 498 | ||
Verizon Communications Inc. | 3.875% | 2/8/29 | 65 | 60 | ||
Verizon Communications Inc. | 4.016% | 12/3/29 | 395 | 365 | ||
Verizon Communications Inc. | 3.150% | 3/22/30 | 235 | 206 | ||
Verizon Communications Inc. | 1.500% | 9/18/30 | 130 | 101 | ||
Verizon Communications Inc. | 1.680% | 10/30/30 | 215 | 166 | ||
Verizon Communications Inc. | 1.750% | 1/20/31 | 225 | 174 | ||
Verizon Communications Inc. | 2.550% | 3/21/31 | 395 | 323 | ||
Verizon Communications Inc. | 2.355% | 3/15/32 | 252 | 198 | ||
Verizon Communications Inc. | 4.500% | 8/10/33 | 260 | 241 | ||
Verizon Communications Inc. | 4.400% | 11/1/34 | 212 | 193 | ||
Verizon Communications Inc. | 4.272% | 1/15/36 | 122 | 108 | ||
Verizon Communications Inc. | 5.250% | 3/16/37 | 200 | 195 | ||
Verizon Communications Inc. | 2.650% | 11/20/40 | 300 | 203 | ||
Verizon Communications Inc. | 3.400% | 3/22/41 | 300 | 226 | ||
Verizon Communications Inc. | 2.850% | 9/3/41 | 155 | 107 | ||
Verizon Communications Inc. | 6.550% | 9/15/43 | 10 | 11 | ||
Verizon Communications Inc. | 4.125% | 8/15/46 | 275 | 224 | ||
Verizon Communications Inc. | 4.862% | 8/21/46 | 200 | 180 | ||
Verizon Communications Inc. | 4.522% | 9/15/48 | 120 | 102 | ||
Verizon Communications Inc. | 4.000% | 3/22/50 | 255 | 200 | ||
Verizon Communications Inc. | 2.875% | 11/20/50 | 325 | 205 | ||
Verizon Communications Inc. | 3.550% | 3/22/51 | 515 | 372 | ||
Verizon Communications Inc. | 3.875% | 3/1/52 | 160 | 122 | ||
Verizon Communications Inc. | 5.012% | 8/21/54 | 20 | 18 | ||
Verizon Communications Inc. | 2.987% | 10/30/56 | 345 | 211 | ||
Verizon Communications Inc. | 3.000% | 11/20/60 | 330 | 199 | ||
Verizon Communications Inc. | 3.700% | 3/22/61 | 170 | 120 | ||
Vodafone Group plc | 4.125% | 5/30/25 | 270 | 263 | ||
Vodafone Group plc | 6.150% | 2/27/37 | 190 | 197 | ||
Vodafone Group plc | 4.375% | 2/19/43 | 150 | 123 | ||
Vodafone Group plc | 4.875% | 6/19/49 | 305 | 264 | ||
Vodafone Group plc | 4.250% | 9/17/50 | 155 | 122 | ||
Walt Disney Co. | 1.750% | 8/30/24 | 140 | 133 | ||
Walt Disney Co. | 3.350% | 3/24/25 | 85 | 82 | ||
Walt Disney Co. | 1.750% | 1/13/26 | 200 | 183 | ||
Walt Disney Co. | 2.200% | 1/13/28 | 175 | 155 | ||
Walt Disney Co. | 2.000% | 9/1/29 | 255 | 213 | ||
Walt Disney Co. | 3.800% | 3/22/30 | 115 | 107 | ||
Walt Disney Co. | 2.650% | 1/13/31 | 240 | 204 | ||
Walt Disney Co. | 6.200% | 12/15/34 | 140 | 153 | ||
Walt Disney Co. | 6.400% | 12/15/35 | 135 | 149 | ||
Walt Disney Co. | 6.650% | 11/15/37 | 130 | 147 | ||
Walt Disney Co. | 4.625% | 3/23/40 | 85 | 79 | ||
Walt Disney Co. | 3.500% | 5/13/40 | 170 | 138 | ||
Walt Disney Co. | 2.750% | 9/1/49 | 90 | 60 | ||
Walt Disney Co. | 4.700% | 3/23/50 | 175 | 164 | ||
Walt Disney Co. | 3.600% | 1/13/51 | 325 | 252 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Walt Disney Co. | 3.800% | 5/13/60 | 90 | 70 | ||
2 | Warnermedia Holdings Inc. | 3.428% | 3/15/24 | 165 | 161 | |
2 | Warnermedia Holdings Inc. | 3.638% | 3/15/25 | 200 | 191 | |
2 | Warnermedia Holdings Inc. | 3.755% | 3/15/27 | 445 | 408 | |
2 | Warnermedia Holdings Inc. | 4.054% | 3/15/29 | 140 | 125 | |
2 | Warnermedia Holdings Inc. | 4.279% | 3/15/32 | 540 | 466 | |
2 | Warnermedia Holdings Inc. | 5.050% | 3/15/42 | 500 | 405 | |
2 | Warnermedia Holdings Inc. | 5.141% | 3/15/52 | 810 | 636 | |
2 | Warnermedia Holdings Inc. | 5.391% | 3/15/62 | 330 | 257 | |
Weibo Corp. | 3.500% | 7/5/24 | 125 | 121 | ||
Weibo Corp. | 3.375% | 7/8/30 | 85 | 68 | ||
WPP Finance 2010 | 3.750% | 9/19/24 | 80 | 77 | ||
44,992 | ||||||
Consumer Discretionary (6.7%) | ||||||
Alibaba Group Holding Ltd. | 3.600% | 11/28/24 | 210 | 203 | ||
Alibaba Group Holding Ltd. | 3.400% | 12/6/27 | 180 | 165 | ||
Alibaba Group Holding Ltd. | 2.125% | 2/9/31 | 180 | 144 | ||
Alibaba Group Holding Ltd. | 4.000% | 12/6/37 | 185 | 153 | ||
Alibaba Group Holding Ltd. | 2.700% | 2/9/41 | 210 | 138 | ||
Alibaba Group Holding Ltd. | 4.200% | 12/6/47 | 100 | 78 | ||
Alibaba Group Holding Ltd. | 3.150% | 2/9/51 | 130 | 83 | ||
Alibaba Group Holding Ltd. | 4.400% | 12/6/57 | 105 | 82 | ||
Alibaba Group Holding Ltd. | 3.250% | 2/9/61 | 60 | 37 | ||
Amazon.com Inc. | 2.730% | 4/13/24 | 135 | 132 | ||
Amazon.com Inc. | 0.450% | 5/12/24 | 230 | 218 | ||
Amazon.com Inc. | 2.800% | 8/22/24 | 255 | 247 | ||
Amazon.com Inc. | 4.700% | 11/29/24 | 100 | 99 | ||
Amazon.com Inc. | 3.800% | 12/5/24 | 150 | 147 | ||
Amazon.com Inc. | 3.000% | 4/13/25 | 200 | 193 | ||
Amazon.com Inc. | 0.800% | 6/3/25 | 240 | 219 | ||
Amazon.com Inc. | 4.600% | 12/1/25 | 195 | 194 | ||
Amazon.com Inc. | 5.200% | 12/3/25 | 30 | 30 | ||
Amazon.com Inc. | 1.000% | 5/12/26 | 370 | 327 | ||
Amazon.com Inc. | 3.300% | 4/13/27 | 125 | 118 | ||
Amazon.com Inc. | 1.200% | 6/3/27 | 215 | 186 | ||
Amazon.com Inc. | 3.150% | 8/22/27 | 555 | 518 | ||
Amazon.com Inc. | 1.650% | 5/12/28 | 160 | 137 | ||
Amazon.com Inc. | 3.450% | 4/13/29 | 195 | 181 | ||
Amazon.com Inc. | 4.650% | 12/1/29 | 155 | 153 | ||
Amazon.com Inc. | 1.500% | 6/3/30 | 225 | 181 | ||
Amazon.com Inc. | 2.100% | 5/12/31 | 185 | 152 | ||
Amazon.com Inc. | 3.600% | 4/13/32 | 250 | 229 | ||
Amazon.com Inc. | 4.700% | 12/1/32 | 175 | 173 | ||
Amazon.com Inc. | 4.800% | 12/5/34 | 130 | 130 | ||
Amazon.com Inc. | 3.875% | 8/22/37 | 310 | 274 | ||
Amazon.com Inc. | 2.875% | 5/12/41 | 160 | 119 | ||
Amazon.com Inc. | 4.950% | 12/5/44 | 210 | 206 | ||
Amazon.com Inc. | 4.050% | 8/22/47 | 325 | 280 | ||
Amazon.com Inc. | 2.500% | 6/3/50 | 170 | 109 | ||
Amazon.com Inc. | 3.100% | 5/12/51 | 380 | 272 | ||
Amazon.com Inc. | 3.950% | 4/13/52 | 290 | 244 | ||
Amazon.com Inc. | 4.250% | 8/22/57 | 260 | 224 | ||
Amazon.com Inc. | 2.700% | 6/3/60 | 308 | 189 | ||
Amazon.com Inc. | 3.250% | 5/12/61 | 200 | 138 | ||
Amazon.com Inc. | 4.100% | 4/13/62 | 100 | 83 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | American Honda Finance Corp. | 0.750% | 8/9/24 | 100 | 94 | |
1 | American Honda Finance Corp. | 1.500% | 1/13/25 | 110 | 103 | |
1 | American Honda Finance Corp. | 1.200% | 7/8/25 | 160 | 146 | |
1 | American Honda Finance Corp. | 1.000% | 9/10/25 | 10 | 9 | |
1 | American Honda Finance Corp. | 2.000% | 3/24/28 | 55 | 48 | |
Aptiv plc | 3.250% | 3/1/32 | 65 | 54 | ||
Aptiv plc | 3.100% | 12/1/51 | 210 | 126 | ||
Aptiv plc | 4.150% | 5/1/52 | 75 | 55 | ||
AutoZone Inc. | 4.000% | 4/15/30 | 110 | 101 | ||
AutoZone Inc. | 4.750% | 8/1/32 | 120 | 115 | ||
BorgWarner Inc. | 2.650% | 7/1/27 | 110 | 99 | ||
eBay Inc. | 3.450% | 8/1/24 | 90 | 88 | ||
eBay Inc. | 1.900% | 3/11/25 | 95 | 89 | ||
eBay Inc. | 1.400% | 5/10/26 | 95 | 84 | ||
eBay Inc. | 3.600% | 6/5/27 | 85 | 80 | ||
eBay Inc. | 2.700% | 3/11/30 | 90 | 76 | ||
eBay Inc. | 2.600% | 5/10/31 | 85 | 70 | ||
eBay Inc. | 4.000% | 7/15/42 | 62 | 49 | ||
eBay Inc. | 3.650% | 5/10/51 | 105 | 75 | ||
General Motors Co. | 6.125% | 10/1/25 | 185 | 187 | ||
General Motors Co. | 4.200% | 10/1/27 | 150 | 142 | ||
General Motors Co. | 6.800% | 10/1/27 | 215 | 224 | ||
General Motors Co. | 5.000% | 10/1/28 | 130 | 126 | ||
General Motors Co. | 5.400% | 10/15/29 | 70 | 67 | ||
General Motors Co. | 5.600% | 10/15/32 | 95 | 90 | ||
General Motors Co. | 5.000% | 4/1/35 | 25 | 22 | ||
General Motors Co. | 6.600% | 4/1/36 | 125 | 125 | ||
General Motors Co. | 6.250% | 10/2/43 | 195 | 184 | ||
General Motors Co. | 5.200% | 4/1/45 | 105 | 87 | ||
General Motors Co. | 6.750% | 4/1/46 | 115 | 113 | ||
General Motors Co. | 5.400% | 4/1/48 | 120 | 100 | ||
General Motors Co. | 5.950% | 4/1/49 | 90 | 81 | ||
General Motors Financial Co. Inc. | 1.050% | 3/8/24 | 160 | 153 | ||
General Motors Financial Co. Inc. | 3.950% | 4/13/24 | 67 | 66 | ||
General Motors Financial Co. Inc. | 1.200% | 10/15/24 | 170 | 158 | ||
General Motors Financial Co. Inc. | 3.500% | 11/7/24 | 130 | 126 | ||
General Motors Financial Co. Inc. | 4.000% | 1/15/25 | 100 | 97 | ||
General Motors Financial Co. Inc. | 2.900% | 2/26/25 | 140 | 133 | ||
General Motors Financial Co. Inc. | 3.800% | 4/7/25 | 165 | 159 | ||
General Motors Financial Co. Inc. | 4.350% | 4/9/25 | 95 | 92 | ||
General Motors Financial Co. Inc. | 2.750% | 6/20/25 | 25 | 23 | ||
General Motors Financial Co. Inc. | 4.300% | 7/13/25 | 85 | 83 | ||
General Motors Financial Co. Inc. | 1.250% | 1/8/26 | 160 | 142 | ||
General Motors Financial Co. Inc. | 5.250% | 3/1/26 | 165 | 163 | ||
General Motors Financial Co. Inc. | 1.500% | 6/10/26 | 205 | 179 | ||
General Motors Financial Co. Inc. | 4.000% | 10/6/26 | 150 | 142 | ||
General Motors Financial Co. Inc. | 4.350% | 1/17/27 | 105 | 100 | ||
General Motors Financial Co. Inc. | 2.700% | 8/20/27 | 100 | 88 | ||
General Motors Financial Co. Inc. | 2.400% | 4/10/28 | 105 | 89 | ||
General Motors Financial Co. Inc. | 2.400% | 10/15/28 | 65 | 54 | ||
General Motors Financial Co. Inc. | 4.300% | 4/6/29 | 155 | 141 | ||
General Motors Financial Co. Inc. | 3.600% | 6/21/30 | 65 | 56 | ||
General Motors Financial Co. Inc. | 2.350% | 1/8/31 | 90 | 69 | ||
General Motors Financial Co. Inc. | 2.700% | 6/10/31 | 90 | 70 | ||
General Motors Financial Co. Inc. | 3.100% | 1/12/32 | 160 | 127 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Hasbro Inc. | 3.900% | 11/19/29 | 155 | 137 | ||
Home Depot Inc. | 3.350% | 9/15/25 | 75 | 72 | ||
Home Depot Inc. | 4.000% | 9/15/25 | 105 | 103 | ||
Home Depot Inc. | 3.000% | 4/1/26 | 160 | 151 | ||
Home Depot Inc. | 2.125% | 9/15/26 | 120 | 109 | ||
Home Depot Inc. | 2.500% | 4/15/27 | 75 | 69 | ||
Home Depot Inc. | 2.875% | 4/15/27 | 90 | 84 | ||
Home Depot Inc. | 2.800% | 9/14/27 | 30 | 28 | ||
Home Depot Inc. | 1.500% | 9/15/28 | 65 | 55 | ||
Home Depot Inc. | 3.900% | 12/6/28 | 90 | 86 | ||
Home Depot Inc. | 2.950% | 6/15/29 | 195 | 174 | ||
Home Depot Inc. | 2.700% | 4/15/30 | 215 | 187 | ||
Home Depot Inc. | 1.375% | 3/15/31 | 70 | 54 | ||
Home Depot Inc. | 1.875% | 9/15/31 | 160 | 127 | ||
Home Depot Inc. | 3.250% | 4/15/32 | 135 | 118 | ||
Home Depot Inc. | 4.500% | 9/15/32 | 100 | 96 | ||
Home Depot Inc. | 5.875% | 12/16/36 | 214 | 229 | ||
Home Depot Inc. | 3.300% | 4/15/40 | 131 | 104 | ||
Home Depot Inc. | 5.950% | 4/1/41 | 125 | 134 | ||
Home Depot Inc. | 4.200% | 4/1/43 | 40 | 35 | ||
Home Depot Inc. | 4.875% | 2/15/44 | 50 | 48 | ||
Home Depot Inc. | 4.400% | 3/15/45 | 205 | 182 | ||
Home Depot Inc. | 4.250% | 4/1/46 | 235 | 204 | ||
Home Depot Inc. | 3.900% | 6/15/47 | 115 | 95 | ||
Home Depot Inc. | 4.500% | 12/6/48 | 160 | 144 | ||
Home Depot Inc. | 3.125% | 12/15/49 | 120 | 85 | ||
Home Depot Inc. | 3.350% | 4/15/50 | 185 | 137 | ||
Home Depot Inc. | 2.375% | 3/15/51 | 185 | 111 | ||
Home Depot Inc. | 2.750% | 9/15/51 | 95 | 62 | ||
Home Depot Inc. | 3.625% | 4/15/52 | 190 | 146 | ||
Home Depot Inc. | 3.500% | 9/15/56 | 180 | 135 | ||
Honda Motor Co. Ltd. | 2.271% | 3/10/25 | 320 | 302 | ||
Honda Motor Co. Ltd. | 2.534% | 3/10/27 | 110 | 101 | ||
Honda Motor Co. Ltd. | 2.967% | 3/10/32 | 95 | 82 | ||
Lennar Corp. | 4.750% | 11/29/27 | 55 | 53 | ||
Lowe's Cos. Inc. | 4.400% | 9/8/25 | 100 | 98 | ||
Lowe's Cos. Inc. | 3.375% | 9/15/25 | 85 | 81 | ||
Lowe's Cos. Inc. | 2.500% | 4/15/26 | 150 | 139 | ||
Lowe's Cos. Inc. | 3.100% | 5/3/27 | 265 | 246 | ||
Lowe's Cos. Inc. | 1.300% | 4/15/28 | 25 | 21 | ||
Lowe's Cos. Inc. | 1.700% | 9/15/28 | 105 | 88 | ||
Lowe's Cos. Inc. | 3.650% | 4/5/29 | 201 | 184 | ||
Lowe's Cos. Inc. | 4.500% | 4/15/30 | 150 | 143 | ||
Lowe's Cos. Inc. | 1.700% | 10/15/30 | 120 | 94 | ||
Lowe's Cos. Inc. | 2.625% | 4/1/31 | 135 | 111 | ||
Lowe's Cos. Inc. | 3.750% | 4/1/32 | 190 | 168 | ||
Lowe's Cos. Inc. | 5.000% | 4/15/33 | 130 | 125 | ||
Lowe's Cos. Inc. | 2.800% | 9/15/41 | 60 | 41 | ||
Lowe's Cos. Inc. | 3.700% | 4/15/46 | 135 | 100 | ||
Lowe's Cos. Inc. | 4.050% | 5/3/47 | 180 | 141 | ||
Lowe's Cos. Inc. | 3.000% | 10/15/50 | 210 | 133 | ||
Lowe's Cos. Inc. | 4.250% | 4/1/52 | 170 | 134 | ||
Lowe's Cos. Inc. | 5.625% | 4/15/53 | 145 | 139 | ||
Lowe's Cos. Inc. | 4.450% | 4/1/62 | 145 | 113 | ||
Lowe's Cos. Inc. | 5.800% | 9/15/62 | 100 | 97 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Magna International Inc. | 3.625% | 6/15/24 | 110 | 107 | ||
Magna International Inc. | 2.450% | 6/15/30 | 75 | 62 | ||
1 | Marriott International Inc. | 3.125% | 6/15/26 | 85 | 79 | |
Marriott International Inc. | 5.000% | 10/15/27 | 80 | 79 | ||
1 | Marriott International Inc. | 4.625% | 6/15/30 | 160 | 151 | |
1 | Marriott International Inc. | 2.850% | 4/15/31 | 85 | 70 | |
1 | Marriott International Inc. | 3.500% | 10/15/32 | 110 | 93 | |
1 | McDonald's Corp. | 3.300% | 7/1/25 | 90 | 87 | |
1 | McDonald's Corp. | 3.700% | 1/30/26 | 175 | 169 | |
1 | McDonald's Corp. | 3.500% | 3/1/27 | 50 | 47 | |
1 | McDonald's Corp. | 3.500% | 7/1/27 | 105 | 99 | |
1 | McDonald's Corp. | 3.800% | 4/1/28 | 125 | 119 | |
1 | McDonald's Corp. | 2.625% | 9/1/29 | 109 | 95 | |
1 | McDonald's Corp. | 2.125% | 3/1/30 | 50 | 41 | |
1 | McDonald's Corp. | 3.600% | 7/1/30 | 30 | 27 | |
1 | McDonald's Corp. | 4.600% | 9/9/32 | 35 | 34 | |
1 | McDonald's Corp. | 4.700% | 12/9/35 | 145 | 137 | |
1 | McDonald's Corp. | 6.300% | 10/15/37 | 125 | 136 | |
1 | McDonald's Corp. | 6.300% | 3/1/38 | 150 | 162 | |
1 | McDonald's Corp. | 4.875% | 12/9/45 | 170 | 155 | |
1 | McDonald's Corp. | 4.450% | 3/1/47 | 145 | 125 | |
1 | McDonald's Corp. | 4.450% | 9/1/48 | 107 | 93 | |
1 | McDonald's Corp. | 3.625% | 9/1/49 | 180 | 136 | |
1 | McDonald's Corp. | 4.200% | 4/1/50 | 30 | 25 | |
Mercedes-Benz Finance North America LLC | 8.500% | 1/18/31 | 210 | 260 | ||
NIKE Inc. | 2.400% | 3/27/25 | 80 | 76 | ||
NIKE Inc. | 2.375% | 11/1/26 | 95 | 87 | ||
NIKE Inc. | 2.750% | 3/27/27 | 124 | 115 | ||
NIKE Inc. | 2.850% | 3/27/30 | 165 | 147 | ||
NIKE Inc. | 3.250% | 3/27/40 | 110 | 89 | ||
NIKE Inc. | 3.875% | 11/1/45 | 70 | 60 | ||
NIKE Inc. | 3.375% | 3/27/50 | 143 | 111 | ||
NVR Inc. | 3.000% | 5/15/30 | 97 | 83 | ||
O'Reilly Automotive Inc. | 3.600% | 9/1/27 | 125 | 117 | ||
O'Reilly Automotive Inc. | 4.700% | 6/15/32 | 70 | 67 | ||
Ralph Lauren Corp. | 2.950% | 6/15/30 | 100 | 87 | ||
Stanley Black & Decker Inc. | 2.300% | 3/15/30 | 90 | 73 | ||
Stanley Black & Decker Inc. | 2.750% | 11/15/50 | 55 | 33 | ||
1 | Stanley Black & Decker Inc. | 4.000% | 3/15/60 | 100 | 86 | |
Starbucks Corp. | 3.800% | 8/15/25 | 160 | 155 | ||
Starbucks Corp. | 4.000% | 11/15/28 | 95 | 90 | ||
Starbucks Corp. | 3.550% | 8/15/29 | 160 | 146 | ||
Starbucks Corp. | 2.250% | 3/12/30 | 50 | 41 | ||
Starbucks Corp. | 2.550% | 11/15/30 | 190 | 159 | ||
Starbucks Corp. | 4.500% | 11/15/48 | 120 | 103 | ||
Starbucks Corp. | 4.450% | 8/15/49 | 125 | 106 | ||
Starbucks Corp. | 3.500% | 11/15/50 | 110 | 80 | ||
TJX Cos. Inc. | 2.250% | 9/15/26 | 135 | 123 | ||
VF Corp. | 2.400% | 4/23/25 | 150 | 141 | ||
VF Corp. | 2.950% | 4/23/30 | 45 | 37 | ||
24,239 | ||||||
Consumer Staples (3.8%) | ||||||
Archer-Daniels-Midland Co. | 2.500% | 8/11/26 | 180 | 166 | ||
Archer-Daniels-Midland Co. | 3.250% | 3/27/30 | 85 | 76 | ||
Archer-Daniels-Midland Co. | 2.700% | 9/15/51 | 120 | 80 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Bunge Ltd. Finance Corp. | 2.750% | 5/14/31 | 120 | 99 | ||
Campbell Soup Co. | 3.950% | 3/15/25 | 110 | 107 | ||
Campbell Soup Co. | 4.150% | 3/15/28 | 105 | 100 | ||
Coca-Cola Co. | 1.750% | 9/6/24 | 60 | 58 | ||
Coca-Cola Co. | 3.375% | 3/25/27 | 105 | 100 | ||
Coca-Cola Co. | 1.450% | 6/1/27 | 210 | 184 | ||
Coca-Cola Co. | 1.500% | 3/5/28 | 100 | 87 | ||
Coca-Cola Co. | 1.000% | 3/15/28 | 215 | 180 | ||
Coca-Cola Co. | 2.125% | 9/6/29 | 150 | 128 | ||
Coca-Cola Co. | 3.450% | 3/25/30 | 105 | 97 | ||
Coca-Cola Co. | 1.650% | 6/1/30 | 75 | 61 | ||
Coca-Cola Co. | 2.000% | 3/5/31 | 70 | 57 | ||
Coca-Cola Co. | 1.375% | 3/15/31 | 190 | 148 | ||
Coca-Cola Co. | 2.250% | 1/5/32 | 165 | 136 | ||
Coca-Cola Co. | 2.500% | 6/1/40 | 90 | 65 | ||
Coca-Cola Co. | 2.875% | 5/5/41 | 70 | 53 | ||
Coca-Cola Co. | 2.600% | 6/1/50 | 118 | 79 | ||
Coca-Cola Co. | 3.000% | 3/5/51 | 175 | 128 | ||
Coca-Cola Co. | 2.500% | 3/15/51 | 215 | 141 | ||
Coca-Cola Co. | 2.750% | 6/1/60 | 135 | 89 | ||
Conagra Brands Inc. | 4.300% | 5/1/24 | 125 | 123 | ||
Conagra Brands Inc. | 4.600% | 11/1/25 | 125 | 123 | ||
Conagra Brands Inc. | 1.375% | 11/1/27 | 25 | 21 | ||
Conagra Brands Inc. | 4.850% | 11/1/28 | 125 | 121 | ||
Conagra Brands Inc. | 5.300% | 11/1/38 | 105 | 98 | ||
Conagra Brands Inc. | 5.400% | 11/1/48 | 95 | 87 | ||
Dollar General Corp. | 3.500% | 4/3/30 | 110 | 98 | ||
Dollar Tree Inc. | 4.000% | 5/15/25 | 125 | 121 | ||
Dollar Tree Inc. | 4.200% | 5/15/28 | 125 | 119 | ||
Dollar Tree Inc. | 2.650% | 12/1/31 | 80 | 64 | ||
General Mills Inc. | 4.000% | 4/17/25 | 100 | 97 | ||
General Mills Inc. | 4.200% | 4/17/28 | 125 | 120 | ||
General Mills Inc. | 2.875% | 4/15/30 | 95 | 82 | ||
GSK Consumer Healthcare Capital UK plc | 3.125% | 3/24/25 | 175 | 167 | ||
GSK Consumer Healthcare Capital US LLC | 3.375% | 3/24/27 | 250 | 232 | ||
GSK Consumer Healthcare Capital US LLC | 3.625% | 3/24/32 | 250 | 218 | ||
GSK Consumer Healthcare Capital US LLC | 4.000% | 3/24/52 | 85 | 67 | ||
Hormel Foods Corp. | 0.650% | 6/3/24 | 150 | 142 | ||
Hormel Foods Corp. | 1.700% | 6/3/28 | 30 | 26 | ||
Hormel Foods Corp. | 1.800% | 6/11/30 | 120 | 97 | ||
J M Smucker Co. | 3.500% | 3/15/25 | 100 | 96 | ||
2 | JBS USA LUX SA | 2.500% | 1/15/27 | 95 | 83 | |
2 | JBS USA LUX SA | 5.125% | 2/1/28 | 95 | 91 | |
2 | JBS USA LUX SA | 5.500% | 1/15/30 | 220 | 207 | |
2 | JBS USA LUX SA | 3.000% | 5/15/32 | 100 | 76 | |
2 | JBS USA LUX SA | 5.750% | 4/1/33 | 265 | 248 | |
2 | JBS USA LUX SA | 4.375% | 2/2/52 | 85 | 60 | |
2 | JBS USA LUX SA | 6.500% | 12/1/52 | 165 | 157 | |
Kellogg Co. | 3.250% | 4/1/26 | 60 | 57 | ||
Keurig Dr Pepper Inc. | 0.750% | 3/15/24 | 140 | 133 | ||
Keurig Dr Pepper Inc. | 4.597% | 5/25/28 | 110 | 107 | ||
Keurig Dr Pepper Inc. | 3.950% | 4/15/29 | 90 | 83 | ||
Keurig Dr Pepper Inc. | 3.200% | 5/1/30 | 80 | 70 | ||
Keurig Dr Pepper Inc. | 4.050% | 4/15/32 | 120 | 109 | ||
Keurig Dr Pepper Inc. | 3.800% | 5/1/50 | 70 | 52 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Keurig Dr Pepper Inc. | 4.500% | 4/15/52 | 125 | 105 | ||
Kimberly-Clark Corp. | 3.100% | 3/26/30 | 80 | 72 | ||
Kraft Heinz Foods Co. | 3.000% | 6/1/26 | 180 | 168 | ||
Kraft Heinz Foods Co. | 3.875% | 5/15/27 | 175 | 166 | ||
Kraft Heinz Foods Co. | 6.875% | 1/26/39 | 60 | 65 | ||
Kraft Heinz Foods Co. | 5.000% | 6/4/42 | 30 | 27 | ||
Kraft Heinz Foods Co. | 5.200% | 7/15/45 | 225 | 208 | ||
Kraft Heinz Foods Co. | 4.375% | 6/1/46 | 355 | 290 | ||
Kraft Heinz Foods Co. | 4.875% | 10/1/49 | 140 | 123 | ||
McCormick & Co. Inc. | 3.400% | 8/15/27 | 30 | 28 | ||
Mead Johnson Nutrition Co. | 4.125% | 11/15/25 | 116 | 113 | ||
Mondelez International Inc. | 1.500% | 5/4/25 | 150 | 138 | ||
Mondelez International Inc. | 2.625% | 3/17/27 | 50 | 46 | ||
Mondelez International Inc. | 2.750% | 4/13/30 | 12 | 10 | ||
Mondelez International Inc. | 3.000% | 3/17/32 | 115 | 97 | ||
Mondelez International Inc. | 2.625% | 9/4/50 | 140 | 88 | ||
PepsiCo Inc. | 3.600% | 3/1/24 | 131 | 129 | ||
PepsiCo Inc. | 2.250% | 3/19/25 | 170 | 161 | ||
PepsiCo Inc. | 2.750% | 4/30/25 | 100 | 95 | ||
PepsiCo Inc. | 2.850% | 2/24/26 | 20 | 19 | ||
PepsiCo Inc. | 2.375% | 10/6/26 | 80 | 74 | ||
PepsiCo Inc. | 3.000% | 10/15/27 | 125 | 116 | ||
PepsiCo Inc. | 3.600% | 2/18/28 | 100 | 95 | ||
PepsiCo Inc. | 2.625% | 7/29/29 | 155 | 137 | ||
PepsiCo Inc. | 2.750% | 3/19/30 | 150 | 132 | ||
PepsiCo Inc. | 1.625% | 5/1/30 | 90 | 73 | ||
PepsiCo Inc. | 1.400% | 2/25/31 | 10 | 8 | ||
PepsiCo Inc. | 1.950% | 10/21/31 | 140 | 113 | ||
PepsiCo Inc. | 3.900% | 7/18/32 | 90 | 85 | ||
PepsiCo Inc. | 2.625% | 10/21/41 | 140 | 103 | ||
PepsiCo Inc. | 4.450% | 4/14/46 | 90 | 85 | ||
PepsiCo Inc. | 3.450% | 10/6/46 | 90 | 73 | ||
PepsiCo Inc. | 2.875% | 10/15/49 | 125 | 90 | ||
PepsiCo Inc. | 3.625% | 3/19/50 | 110 | 91 | ||
PepsiCo Inc. | 2.750% | 10/21/51 | 130 | 90 | ||
Pilgrim's Pride Corp. | 4.250% | 4/15/31 | 95 | 79 | ||
Pilgrim's Pride Corp. | 3.500% | 3/1/32 | 85 | 66 | ||
Procter & Gamble Co. | 0.550% | 10/29/25 | 250 | 225 | ||
Procter & Gamble Co. | 1.000% | 4/23/26 | 80 | 71 | ||
Procter & Gamble Co. | 2.450% | 11/3/26 | 160 | 148 | ||
Procter & Gamble Co. | 1.900% | 2/1/27 | 30 | 27 | ||
Procter & Gamble Co. | 2.850% | 8/11/27 | 115 | 107 | ||
Procter & Gamble Co. | 3.000% | 3/25/30 | 95 | 86 | ||
Procter & Gamble Co. | 1.200% | 10/29/30 | 90 | 71 | ||
Procter & Gamble Co. | 1.950% | 4/23/31 | 120 | 100 | ||
Procter & Gamble Co. | 2.300% | 2/1/32 | 25 | 21 | ||
Sysco Corp. | 3.750% | 10/1/25 | 35 | 34 | ||
Sysco Corp. | 3.300% | 7/15/26 | 95 | 89 | ||
Sysco Corp. | 3.250% | 7/15/27 | 125 | 116 | ||
Sysco Corp. | 5.950% | 4/1/30 | 47 | 49 | ||
Sysco Corp. | 6.600% | 4/1/50 | 140 | 154 | ||
Sysco Corp. | 3.150% | 12/14/51 | 45 | 29 | ||
Target Corp. | 3.500% | 7/1/24 | 55 | 54 | ||
Target Corp. | 2.250% | 4/15/25 | 260 | 246 | ||
Target Corp. | 2.500% | 4/15/26 | 75 | 70 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Target Corp. | 1.950% | 1/15/27 | 140 | 126 | ||
Target Corp. | 3.375% | 4/15/29 | 45 | 42 | ||
Target Corp. | 2.350% | 2/15/30 | 120 | 102 | ||
Target Corp. | 4.000% | 7/1/42 | 120 | 105 | ||
Target Corp. | 2.950% | 1/15/52 | 140 | 95 | ||
Target Corp. | 4.800% | 1/15/53 | 50 | 47 | ||
Tyson Foods Inc. | 3.950% | 8/15/24 | 147 | 144 | ||
Tyson Foods Inc. | 4.000% | 3/1/26 | 90 | 87 | ||
Tyson Foods Inc. | 3.550% | 6/2/27 | 205 | 192 | ||
Tyson Foods Inc. | 4.550% | 6/2/47 | 55 | 46 | ||
Tyson Foods Inc. | 5.100% | 9/28/48 | 145 | 131 | ||
Unilever Capital Corp. | 2.600% | 5/5/24 | 165 | 160 | ||
Unilever Capital Corp. | 2.900% | 5/5/27 | 115 | 107 | ||
Unilever Capital Corp. | 3.500% | 3/22/28 | 45 | 42 | ||
Unilever Capital Corp. | 2.125% | 9/6/29 | 25 | 21 | ||
Unilever Capital Corp. | 1.750% | 8/12/31 | 90 | 71 | ||
Unilever Capital Corp. | 5.900% | 11/15/32 | 95 | 103 | ||
Walgreens Boots Alliance Inc. | 3.800% | 11/18/24 | 125 | 121 | ||
Walgreens Boots Alliance Inc. | 3.450% | 6/1/26 | 110 | 103 | ||
Walgreens Boots Alliance Inc. | 4.800% | 11/18/44 | 105 | 87 | ||
Walgreens Boots Alliance Inc. | 4.100% | 4/15/50 | 50 | 36 | ||
13,594 | ||||||
Financials (43.5%) | ||||||
1 | Aegon NV | 5.500% | 4/11/48 | 130 | 123 | |
AerCap Ireland Capital DAC | 2.875% | 8/14/24 | 199 | 189 | ||
AerCap Ireland Capital DAC | 1.650% | 10/29/24 | 260 | 241 | ||
1 | AerCap Ireland Capital DAC | 1.750% | 10/29/24 | 140 | 130 | |
AerCap Ireland Capital DAC | 3.500% | 1/15/25 | 100 | 95 | ||
AerCap Ireland Capital DAC | 6.500% | 7/15/25 | 210 | 211 | ||
AerCap Ireland Capital DAC | 1.750% | 1/30/26 | 105 | 93 | ||
AerCap Ireland Capital DAC | 3.650% | 7/21/27 | 180 | 163 | ||
AerCap Ireland Capital DAC | 3.000% | 10/29/28 | 215 | 183 | ||
AerCap Ireland Capital DAC | 3.300% | 1/30/32 | 465 | 372 | ||
AerCap Ireland Capital DAC | 3.400% | 10/29/33 | 245 | 191 | ||
AerCap Ireland Capital DAC | 3.850% | 10/29/41 | 200 | 146 | ||
Aflac Inc. | 3.600% | 4/1/30 | 195 | 179 | ||
1 | Air Lease Corp. | 2.300% | 2/1/25 | 70 | 65 | |
Air Lease Corp. | 3.375% | 7/1/25 | 90 | 85 | ||
1 | Air Lease Corp. | 2.875% | 1/15/26 | 140 | 129 | |
1 | Air Lease Corp. | 3.750% | 6/1/26 | 80 | 75 | |
Air Lease Corp. | 1.875% | 8/15/26 | 80 | 70 | ||
Air Lease Corp. | 2.200% | 1/15/27 | 265 | 233 | ||
Air Lease Corp. | 3.125% | 12/1/30 | 75 | 62 | ||
Ally Financial Inc. | 5.800% | 5/1/25 | 30 | 30 | ||
Ally Financial Inc. | 4.750% | 6/9/27 | 75 | 72 | ||
Ally Financial Inc. | 7.100% | 11/15/27 | 30 | 31 | ||
Ally Financial Inc. | 2.200% | 11/2/28 | 165 | 134 | ||
1 | Ally Financial Inc. | 8.000% | 11/1/31 | 203 | 219 | |
American Express Co. | 3.375% | 5/3/24 | 75 | 73 | ||
American Express Co. | 2.500% | 7/30/24 | 185 | 178 | ||
American Express Co. | 3.000% | 10/30/24 | 195 | 188 | ||
American Express Co. | 2.250% | 3/4/25 | 210 | 198 | ||
American Express Co. | 3.950% | 8/1/25 | 65 | 63 | ||
American Express Co. | 4.200% | 11/6/25 | 25 | 24 | ||
American Express Co. | 3.125% | 5/20/26 | 210 | 197 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
American Express Co. | 1.650% | 11/4/26 | 135 | 119 | ||
American Express Co. | 2.550% | 3/4/27 | 200 | 181 | ||
American Express Co. | 3.300% | 5/3/27 | 312 | 291 | ||
American Express Co. | 5.850% | 11/5/27 | 240 | 247 | ||
American Express Co. | 4.050% | 5/3/29 | 80 | 76 | ||
American Express Co. | 4.989% | 5/26/33 | 70 | 67 | ||
American Express Co. | 4.420% | 8/3/33 | 50 | 47 | ||
American Express Co. | 4.050% | 12/3/42 | 130 | 115 | ||
American International Group Inc. | 2.500% | 6/30/25 | 114 | 107 | ||
American International Group Inc. | 3.900% | 4/1/26 | 81 | 78 | ||
American International Group Inc. | 4.800% | 7/10/45 | 20 | 18 | ||
American International Group Inc. | 4.750% | 4/1/48 | 160 | 142 | ||
1 | American International Group Inc. | 5.750% | 4/1/48 | 45 | 43 | |
American International Group Inc. | 4.375% | 6/30/50 | 65 | 55 | ||
Aon Corp. | 3.750% | 5/2/29 | 10 | 9 | ||
Aon Corp. | 2.800% | 5/15/30 | 120 | 103 | ||
Aon Corp. | 3.900% | 2/28/52 | 105 | 81 | ||
Aon Global Ltd. | 3.875% | 12/15/25 | 184 | 178 | ||
Arch Capital Group Ltd. | 3.635% | 6/30/50 | 110 | 79 | ||
Arthur J Gallagher & Co. | 3.500% | 5/20/51 | 145 | 103 | ||
Athene Holding Ltd. | 4.125% | 1/12/28 | 240 | 224 | ||
1 | Australia & New Zealand Banking Group Ltd. | 3.700% | 11/16/25 | 155 | 149 | |
AXA SA | 8.600% | 12/15/30 | 85 | 104 | ||
Banco Bilbao Vizcaya Argentaria SA | 1.125% | 9/18/25 | 110 | 99 | ||
Banco Bilbao Vizcaya Argentaria SA | 6.138% | 9/14/28 | 100 | 101 | ||
Banco Santander SA | 3.892% | 5/24/24 | 50 | 49 | ||
Banco Santander SA | 2.706% | 6/27/24 | 320 | 308 | ||
Banco Santander SA | 3.496% | 3/24/25 | 200 | 192 | ||
Banco Santander SA | 2.746% | 5/28/25 | 185 | 174 | ||
Banco Santander SA | 5.147% | 8/18/25 | 200 | 197 | ||
Banco Santander SA | 5.179% | 11/19/25 | 125 | 123 | ||
Banco Santander SA | 1.849% | 3/25/26 | 115 | 102 | ||
Banco Santander SA | 4.250% | 4/11/27 | 165 | 156 | ||
Banco Santander SA | 5.294% | 8/18/27 | 390 | 382 | ||
Banco Santander SA | 1.722% | 9/14/27 | 20 | 17 | ||
Banco Santander SA | 3.800% | 2/23/28 | 115 | 106 | ||
Banco Santander SA | 4.175% | 3/24/28 | 50 | 47 | ||
Banco Santander SA | 4.379% | 4/12/28 | 25 | 24 | ||
Banco Santander SA | 3.306% | 6/27/29 | 130 | 115 | ||
Banco Santander SA | 3.490% | 5/28/30 | 90 | 78 | ||
Banco Santander SA | 2.749% | 12/3/30 | 75 | 58 | ||
Banco Santander SA | 2.958% | 3/25/31 | 100 | 82 | ||
Banco Santander SA | 3.225% | 11/22/32 | 110 | 85 | ||
1 | Bank of America Corp. | 4.000% | 4/1/24 | 250 | 246 | |
1 | Bank of America Corp. | 4.200% | 8/26/24 | 390 | 383 | |
1 | Bank of America Corp. | 4.000% | 1/22/25 | 300 | 292 | |
1 | Bank of America Corp. | 3.458% | 3/15/25 | 225 | 220 | |
1 | Bank of America Corp. | 3.950% | 4/21/25 | 220 | 213 | |
Bank of America Corp. | 0.976% | 4/22/25 | 175 | 165 | ||
Bank of America Corp. | 3.841% | 4/25/25 | 150 | 147 | ||
1 | Bank of America Corp. | 3.875% | 8/1/25 | 280 | 272 | |
1 | Bank of America Corp. | 0.981% | 9/25/25 | 285 | 264 | |
1 | Bank of America Corp. | 3.093% | 10/1/25 | 210 | 202 | |
1 | Bank of America Corp. | 2.456% | 10/22/25 | 225 | 214 | |
1 | Bank of America Corp. | 1.530% | 12/6/25 | 270 | 251 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Bank of America Corp. | 3.366% | 1/23/26 | 255 | 244 | |
1 | Bank of America Corp. | 2.015% | 2/13/26 | 355 | 331 | |
1 | Bank of America Corp. | 4.450% | 3/3/26 | 220 | 214 | |
1 | Bank of America Corp. | 3.384% | 4/2/26 | 540 | 517 | |
1 | Bank of America Corp. | 3.500% | 4/19/26 | 200 | 191 | |
1 | Bank of America Corp. | 1.319% | 6/19/26 | 330 | 299 | |
1 | Bank of America Corp. | 4.827% | 7/22/26 | 200 | 197 | |
1 | Bank of America Corp. | 4.250% | 10/22/26 | 183 | 176 | |
1 | Bank of America Corp. | 1.197% | 10/24/26 | 355 | 316 | |
Bank of America Corp. | 5.080% | 1/20/27 | 155 | 153 | ||
1 | Bank of America Corp. | 1.658% | 3/11/27 | 150 | 134 | |
1 | Bank of America Corp. | 3.559% | 4/23/27 | 285 | 268 | |
Bank of America Corp. | 1.734% | 7/22/27 | 575 | 507 | ||
1 | Bank of America Corp. | 3.248% | 10/21/27 | 255 | 235 | |
1 | Bank of America Corp. | 4.183% | 11/25/27 | 300 | 286 | |
1 | Bank of America Corp. | 3.824% | 1/20/28 | 210 | 197 | |
1 | Bank of America Corp. | 2.551% | 2/4/28 | 205 | 183 | |
1 | Bank of America Corp. | 3.705% | 4/24/28 | 185 | 172 | |
Bank of America Corp. | 4.376% | 4/27/28 | 260 | 249 | ||
1 | Bank of America Corp. | 3.593% | 7/21/28 | 240 | 222 | |
1 | Bank of America Corp. | 4.948% | 7/22/28 | 300 | 294 | |
Bank of America Corp. | 6.204% | 11/10/28 | 25 | 26 | ||
1 | Bank of America Corp. | 3.419% | 12/20/28 | 598 | 546 | |
1 | Bank of America Corp. | 3.970% | 3/5/29 | 415 | 385 | |
1 | Bank of America Corp. | 2.087% | 6/14/29 | 320 | 269 | |
1 | Bank of America Corp. | 4.271% | 7/23/29 | 348 | 327 | |
1 | Bank of America Corp. | 3.974% | 2/7/30 | 320 | 293 | |
1 | Bank of America Corp. | 3.194% | 7/23/30 | 300 | 260 | |
1 | Bank of America Corp. | 2.884% | 10/22/30 | 285 | 241 | |
1 | Bank of America Corp. | 2.496% | 2/13/31 | 300 | 247 | |
1 | Bank of America Corp. | 2.592% | 4/29/31 | 325 | 268 | |
1 | Bank of America Corp. | 1.898% | 7/23/31 | 325 | 253 | |
1 | Bank of America Corp. | 1.922% | 10/24/31 | 315 | 244 | |
1 | Bank of America Corp. | 2.651% | 3/11/32 | 235 | 191 | |
Bank of America Corp. | 2.687% | 4/22/32 | 490 | 397 | ||
Bank of America Corp. | 2.299% | 7/21/32 | 360 | 282 | ||
Bank of America Corp. | 2.572% | 10/20/32 | 230 | 183 | ||
1 | Bank of America Corp. | 2.972% | 2/4/33 | 340 | 278 | |
Bank of America Corp. | 4.571% | 4/27/33 | 460 | 428 | ||
1 | Bank of America Corp. | 5.015% | 7/22/33 | 250 | 241 | |
Bank of America Corp. | 2.482% | 9/21/36 | 275 | 206 | ||
Bank of America Corp. | 6.110% | 1/29/37 | 105 | 108 | ||
Bank of America Corp. | 3.846% | 3/8/37 | 50 | 42 | ||
1 | Bank of America Corp. | 4.244% | 4/24/38 | 345 | 299 | |
Bank of America Corp. | 7.750% | 5/14/38 | 260 | 306 | ||
1 | Bank of America Corp. | 4.078% | 4/23/40 | 215 | 180 | |
1 | Bank of America Corp. | 2.676% | 6/19/41 | 540 | 371 | |
1 | Bank of America Corp. | 5.875% | 2/7/42 | 170 | 177 | |
Bank of America Corp. | 3.311% | 4/22/42 | 285 | 212 | ||
1 | Bank of America Corp. | 5.000% | 1/21/44 | 165 | 156 | |
1 | Bank of America Corp. | 4.443% | 1/20/48 | 195 | 168 | |
1 | Bank of America Corp. | 3.946% | 1/23/49 | 90 | 72 | |
1 | Bank of America Corp. | 4.330% | 3/15/50 | 375 | 315 | |
1 | Bank of America Corp. | 4.083% | 3/20/51 | 355 | 285 | |
1 | Bank of America Corp. | 2.831% | 10/24/51 | 130 | 83 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Bank of America Corp. | 3.483% | 3/13/52 | 280 | 206 | |
Bank of America Corp. | 2.972% | 7/21/52 | 330 | 216 | ||
1 | Bank of America NA | 6.000% | 10/15/36 | 160 | 165 | |
1 | Bank of Montreal | 2.150% | 3/8/24 | 50 | 48 | |
1 | Bank of Montreal | 2.500% | 6/28/24 | 130 | 125 | |
1 | Bank of Montreal | 0.625% | 7/9/24 | 225 | 211 | |
Bank of Montreal | 5.200% | 12/12/24 | 75 | 75 | ||
1 | Bank of Montreal | 1.500% | 1/10/25 | 115 | 107 | |
1 | Bank of Montreal | 1.850% | 5/1/25 | 155 | 144 | |
1 | Bank of Montreal | 3.700% | 6/7/25 | 175 | 169 | |
1 | Bank of Montreal | 0.949% | 1/22/27 | 165 | 145 | |
1 | Bank of Montreal | 2.650% | 3/8/27 | 155 | 141 | |
1 | Bank of Montreal | 4.700% | 9/14/27 | 100 | 98 | |
Bank of Montreal | 5.203% | 2/1/28 | 75 | 75 | ||
1 | Bank of Montreal | 3.803% | 12/15/32 | 110 | 98 | |
Bank of Montreal | 3.088% | 1/10/37 | 130 | 102 | ||
1 | Bank of New York Mellon Corp. | 2.100% | 10/24/24 | 130 | 124 | |
1 | Bank of New York Mellon Corp. | 3.000% | 2/24/25 | 75 | 72 | |
1 | Bank of New York Mellon Corp. | 1.600% | 4/24/25 | 145 | 134 | |
1 | Bank of New York Mellon Corp. | 2.800% | 5/4/26 | 100 | 93 | |
Bank of New York Mellon Corp. | 4.414% | 7/24/26 | 50 | 49 | ||
1 | Bank of New York Mellon Corp. | 2.450% | 8/17/26 | 10 | 9 | |
1 | Bank of New York Mellon Corp. | 2.050% | 1/26/27 | 60 | 54 | |
1 | Bank of New York Mellon Corp. | 3.250% | 5/16/27 | 110 | 103 | |
1 | Bank of New York Mellon Corp. | 3.442% | 2/7/28 | 210 | 197 | |
1 | Bank of New York Mellon Corp. | 3.850% | 4/28/28 | 140 | 133 | |
1 | Bank of New York Mellon Corp. | 5.802% | 10/25/28 | 45 | 46 | |
Bank of New York Mellon Corp. | 4.543% | 2/1/29 | 80 | 78 | ||
1 | Bank of New York Mellon Corp. | 4.289% | 6/13/33 | 198 | 184 | |
1 | Bank of New York Mellon Corp. | 5.834% | 10/25/33 | 25 | 26 | |
Bank of New York Mellon Corp. | 4.706% | 2/1/34 | 80 | 77 | ||
Bank of Nova Scotia | 2.440% | 3/11/24 | 10 | 10 | ||
Bank of Nova Scotia | 0.700% | 4/15/24 | 190 | 180 | ||
Bank of Nova Scotia | 0.650% | 7/31/24 | 95 | 89 | ||
Bank of Nova Scotia | 5.250% | 12/6/24 | 105 | 105 | ||
Bank of Nova Scotia | 1.450% | 1/10/25 | 220 | 205 | ||
Bank of Nova Scotia | 2.200% | 2/3/25 | 170 | 160 | ||
1 | Bank of Nova Scotia | 3.450% | 4/11/25 | 160 | 154 | |
Bank of Nova Scotia | 1.300% | 6/11/25 | 100 | 91 | ||
Bank of Nova Scotia | 4.500% | 12/16/25 | 160 | 155 | ||
Bank of Nova Scotia | 1.050% | 3/2/26 | 80 | 71 | ||
Bank of Nova Scotia | 1.350% | 6/24/26 | 65 | 57 | ||
Bank of Nova Scotia | 2.700% | 8/3/26 | 90 | 83 | ||
Bank of Nova Scotia | 1.300% | 9/15/26 | 125 | 109 | ||
Bank of Nova Scotia | 1.950% | 2/2/27 | 50 | 45 | ||
Bank of Nova Scotia | 4.850% | 2/1/30 | 30 | 29 | ||
Bank of Nova Scotia | 2.450% | 2/2/32 | 75 | 60 | ||
Bank of Nova Scotia | 4.588% | 5/4/37 | 150 | 131 | ||
Barclays plc | 4.375% | 9/11/24 | 265 | 259 | ||
Barclays plc | 3.650% | 3/16/25 | 220 | 211 | ||
1 | Barclays plc | 3.932% | 5/7/25 | 220 | 214 | |
Barclays plc | 4.375% | 1/12/26 | 165 | 159 | ||
1 | Barclays plc | 2.852% | 5/7/26 | 100 | 94 | |
Barclays plc | 5.200% | 5/12/26 | 229 | 223 | ||
Barclays plc | 5.304% | 8/9/26 | 200 | 196 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Barclays plc | 7.325% | 11/2/26 | 100 | 103 | ||
Barclays plc | 2.279% | 11/24/27 | 255 | 225 | ||
Barclays plc | 4.337% | 1/10/28 | 50 | 47 | ||
Barclays plc | 4.836% | 5/9/28 | 225 | 211 | ||
Barclays plc | 5.501% | 8/9/28 | 50 | 49 | ||
Barclays plc | 7.385% | 11/2/28 | 150 | 158 | ||
1 | Barclays plc | 4.972% | 5/16/29 | 215 | 205 | |
1 | Barclays plc | 5.088% | 6/20/30 | 185 | 171 | |
Barclays plc | 2.645% | 6/24/31 | 115 | 92 | ||
Barclays plc | 2.667% | 3/10/32 | 75 | 58 | ||
Barclays plc | 2.894% | 11/24/32 | 150 | 117 | ||
Barclays plc | 5.746% | 8/9/33 | 125 | 121 | ||
Barclays plc | 7.437% | 11/2/33 | 225 | 243 | ||
Barclays plc | 3.564% | 9/23/35 | 85 | 68 | ||
Barclays plc | 3.811% | 3/10/42 | 85 | 62 | ||
Barclays plc | 3.330% | 11/24/42 | 105 | 75 | ||
Barclays plc | 5.250% | 8/17/45 | 190 | 177 | ||
Barclays plc | 4.950% | 1/10/47 | 175 | 156 | ||
BlackRock Inc. | 3.500% | 3/18/24 | 120 | 118 | ||
BlackRock Inc. | 3.250% | 4/30/29 | 100 | 92 | ||
BlackRock Inc. | 2.400% | 4/30/30 | 118 | 100 | ||
BlackRock Inc. | 1.900% | 1/28/31 | 65 | 52 | ||
BlackRock Inc. | 2.100% | 2/25/32 | 100 | 80 | ||
1 | BNP Paribas SA | 4.250% | 10/15/24 | 155 | 151 | |
BPCE SA | 4.000% | 4/15/24 | 245 | 241 | ||
Brighthouse Financial Inc. | 3.700% | 6/22/27 | 50 | 47 | ||
Brighthouse Financial Inc. | 4.700% | 6/22/47 | 73 | 56 | ||
Canadian Imperial Bank of Commerce | 3.100% | 4/2/24 | 165 | 161 | ||
Canadian Imperial Bank of Commerce | 2.250% | 1/28/25 | 100 | 94 | ||
Canadian Imperial Bank of Commerce | 3.300% | 4/7/25 | 125 | 120 | ||
Canadian Imperial Bank of Commerce | 3.945% | 8/4/25 | 250 | 242 | ||
Canadian Imperial Bank of Commerce | 3.450% | 4/7/27 | 65 | 61 | ||
Canadian Imperial Bank of Commerce | 3.600% | 4/7/32 | 90 | 79 | ||
Capital One Financial Corp. | 3.750% | 4/24/24 | 205 | 201 | ||
Capital One Financial Corp. | 3.300% | 10/30/24 | 185 | 179 | ||
Capital One Financial Corp. | 3.200% | 2/5/25 | 110 | 105 | ||
Capital One Financial Corp. | 4.250% | 4/30/25 | 10 | 10 | ||
Capital One Financial Corp. | 4.166% | 5/9/25 | 95 | 93 | ||
Capital One Financial Corp. | 4.200% | 10/29/25 | 195 | 188 | ||
Capital One Financial Corp. | 2.636% | 3/3/26 | 80 | 75 | ||
Capital One Financial Corp. | 3.750% | 7/28/26 | 160 | 150 | ||
Capital One Financial Corp. | 3.750% | 3/9/27 | 150 | 141 | ||
Capital One Financial Corp. | 3.650% | 5/11/27 | 125 | 117 | ||
Capital One Financial Corp. | 1.878% | 11/2/27 | 575 | 503 | ||
Capital One Financial Corp. | 3.800% | 1/31/28 | 190 | 176 | ||
Capital One Financial Corp. | 4.927% | 5/10/28 | 90 | 87 | ||
Capital One Financial Corp. | 5.468% | 2/1/29 | 80 | 79 | ||
Capital One Financial Corp. | 3.273% | 3/1/30 | 140 | 121 | ||
Capital One Financial Corp. | 2.359% | 7/29/32 | 100 | 73 | ||
Capital One Financial Corp. | 5.268% | 5/10/33 | 150 | 142 | ||
Capital One Financial Corp. | 5.817% | 2/1/34 | 80 | 78 | ||
Charles Schwab Corp. | 0.750% | 3/18/24 | 130 | 124 | ||
Charles Schwab Corp. | 3.850% | 5/21/25 | 55 | 53 | ||
Charles Schwab Corp. | 0.900% | 3/11/26 | 105 | 93 | ||
Charles Schwab Corp. | 1.150% | 5/13/26 | 175 | 155 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Charles Schwab Corp. | 2.450% | 3/3/27 | 155 | 141 | ||
Charles Schwab Corp. | 2.000% | 3/20/28 | 150 | 131 | ||
Charles Schwab Corp. | 1.650% | 3/11/31 | 125 | 98 | ||
Charles Schwab Corp. | 2.300% | 5/13/31 | 35 | 29 | ||
Charles Schwab Corp. | 1.950% | 12/1/31 | 160 | 125 | ||
Charles Schwab Corp. | 2.900% | 3/3/32 | 130 | 110 | ||
Chubb Corp. | 6.000% | 5/11/37 | 110 | 118 | ||
Chubb INA Holdings Inc. | 3.150% | 3/15/25 | 95 | 91 | ||
Chubb INA Holdings Inc. | 3.350% | 5/3/26 | 190 | 181 | ||
Chubb INA Holdings Inc. | 1.375% | 9/15/30 | 120 | 93 | ||
Chubb INA Holdings Inc. | 4.350% | 11/3/45 | 105 | 94 | ||
Chubb INA Holdings Inc. | 3.050% | 12/15/61 | 100 | 65 | ||
CI Financial Corp. | 3.200% | 12/17/30 | 95 | 72 | ||
CI Financial Corp. | 4.100% | 6/15/51 | 95 | 57 | ||
1 | Citigroup Inc. | 3.352% | 4/24/25 | 295 | 287 | |
Citigroup Inc. | 3.300% | 4/27/25 | 210 | 201 | ||
Citigroup Inc. | 0.981% | 5/1/25 | 200 | 189 | ||
Citigroup Inc. | 4.140% | 5/24/25 | 220 | 216 | ||
Citigroup Inc. | 4.400% | 6/10/25 | 195 | 191 | ||
Citigroup Inc. | 5.500% | 9/13/25 | 175 | 176 | ||
Citigroup Inc. | 3.700% | 1/12/26 | 250 | 240 | ||
Citigroup Inc. | 2.014% | 1/25/26 | 300 | 280 | ||
Citigroup Inc. | 4.600% | 3/9/26 | 165 | 161 | ||
Citigroup Inc. | 3.290% | 3/17/26 | 100 | 95 | ||
1 | Citigroup Inc. | 3.106% | 4/8/26 | 350 | 332 | |
Citigroup Inc. | 3.400% | 5/1/26 | 225 | 213 | ||
Citigroup Inc. | 5.610% | 9/29/26 | 100 | 100 | ||
Citigroup Inc. | 3.200% | 10/21/26 | 450 | 419 | ||
Citigroup Inc. | 4.300% | 11/20/26 | 50 | 48 | ||
Citigroup Inc. | 1.122% | 1/28/27 | 260 | 231 | ||
Citigroup Inc. | 1.462% | 6/9/27 | 410 | 358 | ||
Citigroup Inc. | 4.450% | 9/29/27 | 425 | 406 | ||
1 | Citigroup Inc. | 3.887% | 1/10/28 | 230 | 216 | |
1 | Citigroup Inc. | 3.070% | 2/24/28 | 50 | 45 | |
Citigroup Inc. | 4.658% | 5/24/28 | 225 | 218 | ||
1 | Citigroup Inc. | 3.668% | 7/24/28 | 310 | 287 | |
Citigroup Inc. | 4.125% | 7/25/28 | 160 | 150 | ||
1 | Citigroup Inc. | 3.520% | 10/27/28 | 410 | 376 | |
1 | Citigroup Inc. | 4.075% | 4/23/29 | 250 | 233 | |
1 | Citigroup Inc. | 3.980% | 3/20/30 | 340 | 310 | |
1 | Citigroup Inc. | 2.976% | 11/5/30 | 225 | 192 | |
1 | Citigroup Inc. | 2.666% | 1/29/31 | 305 | 254 | |
1 | Citigroup Inc. | 4.412% | 3/31/31 | 310 | 289 | |
1 | Citigroup Inc. | 2.572% | 6/3/31 | 225 | 185 | |
Citigroup Inc. | 2.561% | 5/1/32 | 185 | 148 | ||
Citigroup Inc. | 6.625% | 6/15/32 | 150 | 158 | ||
Citigroup Inc. | 2.520% | 11/3/32 | 250 | 197 | ||
Citigroup Inc. | 3.057% | 1/25/33 | 270 | 222 | ||
Citigroup Inc. | 3.785% | 3/17/33 | 290 | 252 | ||
Citigroup Inc. | 4.910% | 5/24/33 | 255 | 242 | ||
Citigroup Inc. | 6.270% | 11/17/33 | 350 | 367 | ||
1 | Citigroup Inc. | 3.878% | 1/24/39 | 146 | 120 | |
Citigroup Inc. | 8.125% | 7/15/39 | 157 | 199 | ||
1 | Citigroup Inc. | 5.316% | 3/26/41 | 150 | 146 | |
Citigroup Inc. | 5.875% | 1/30/42 | 180 | 187 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Citigroup Inc. | 2.904% | 11/3/42 | 115 | 80 | ||
Citigroup Inc. | 6.675% | 9/13/43 | 95 | 105 | ||
Citigroup Inc. | 5.300% | 5/6/44 | 125 | 118 | ||
Citigroup Inc. | 4.650% | 7/30/45 | 95 | 84 | ||
Citigroup Inc. | 4.750% | 5/18/46 | 245 | 211 | ||
1 | Citigroup Inc. | 4.281% | 4/24/48 | 50 | 42 | |
Citigroup Inc. | 4.650% | 7/23/48 | 260 | 233 | ||
1 | Citizens Bank NA | 2.250% | 4/28/25 | 20 | 19 | |
Citizens Financial Group Inc. | 3.250% | 4/30/30 | 50 | 44 | ||
CME Group Inc. | 3.000% | 3/15/25 | 30 | 29 | ||
CME Group Inc. | 2.650% | 3/15/32 | 50 | 42 | ||
CME Group Inc. | 5.300% | 9/15/43 | 38 | 39 | ||
Cooperatieve Rabobank UA | 1.375% | 1/10/25 | 75 | 70 | ||
1 | Cooperatieve Rabobank UA | 3.375% | 5/21/25 | 180 | 173 | |
Cooperatieve Rabobank UA | 4.375% | 8/4/25 | 65 | 63 | ||
1 | Cooperatieve Rabobank UA | 3.750% | 7/21/26 | 185 | 174 | |
2 | Cooperatieve Rabobank UA | 5.564% | 2/28/29 | 250 | 249 | |
1 | Cooperatieve Rabobank UA | 5.250% | 5/24/41 | 155 | 162 | |
Cooperatieve Rabobank UA | 5.750% | 12/1/43 | 175 | 176 | ||
Cooperatieve Rabobank UA | 5.250% | 8/4/45 | 85 | 81 | ||
1 | Credit Suisse AG | 3.625% | 9/9/24 | 415 | 392 | |
1 | Credit Suisse AG | 3.700% | 2/21/25 | 500 | 467 | |
Credit Suisse AG | 5.000% | 7/9/27 | 250 | 229 | ||
Credit Suisse Group AG | 3.750% | 3/26/25 | 365 | 335 | ||
Credit Suisse Group AG | 4.550% | 4/17/26 | 230 | 206 | ||
Credit Suisse Group AG | 4.875% | 5/15/45 | 260 | 189 | ||
Deutsche Bank AG | 0.898% | 5/28/24 | 145 | 137 | ||
Deutsche Bank AG | 3.700% | 5/30/24 | 95 | 93 | ||
Deutsche Bank AG | 1.447% | 4/1/25 | 140 | 132 | ||
1 | Deutsche Bank AG | 3.961% | 11/26/25 | 40 | 38 | |
Deutsche Bank AG | 1.686% | 3/19/26 | 120 | 108 | ||
Deutsche Bank AG | 6.119% | 7/14/26 | 70 | 70 | ||
Deutsche Bank AG | 2.129% | 11/24/26 | 215 | 193 | ||
Deutsche Bank AG | 2.311% | 11/16/27 | 271 | 236 | ||
Deutsche Bank AG | 6.720% | 1/18/29 | 185 | 187 | ||
1 | Deutsche Bank AG | 3.547% | 9/18/31 | 185 | 155 | |
Deutsche Bank AG | 3.729% | 1/14/32 | 200 | 158 | ||
Deutsche Bank AG | 3.035% | 5/28/32 | 120 | 95 | ||
Deutsche Bank AG | 4.875% | 12/1/32 | 325 | 288 | ||
Deutsche Bank AG | 7.079% | 2/10/34 | 200 | 195 | ||
Discover Bank | 2.450% | 9/12/24 | 105 | 100 | ||
1 | Discover Bank | 3.450% | 7/27/26 | 120 | 112 | |
1 | Discover Bank | 4.650% | 9/13/28 | 65 | 62 | |
Discover Financial Services | 4.100% | 2/9/27 | 115 | 109 | ||
Discover Financial Services | 6.700% | 11/29/32 | 80 | 83 | ||
Equitable Holdings Inc. | 4.350% | 4/20/28 | 152 | 145 | ||
Equitable Holdings Inc. | 5.000% | 4/20/48 | 156 | 138 | ||
Everest Reinsurance Holdings Inc. | 3.500% | 10/15/50 | 110 | 77 | ||
Everest Reinsurance Holdings Inc. | 3.125% | 10/15/52 | 145 | 94 | ||
2 | Fairfax Financial Holdings Ltd. | 5.625% | 8/16/32 | 75 | 71 | |
Fifth Third Bancorp | 2.375% | 1/28/25 | 365 | 345 | ||
Fifth Third Bancorp | 2.550% | 5/5/27 | 80 | 73 | ||
Fifth Third Bancorp | 4.772% | 7/28/30 | 50 | 48 | ||
Fifth Third Bancorp | 8.250% | 3/1/38 | 95 | 118 | ||
1 | Fifth Third Bank NA | 3.950% | 7/28/25 | 40 | 39 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Fifth Third Bank NA | 3.850% | 3/15/26 | 135 | 128 | |
Franklin Resources Inc. | 1.600% | 10/30/30 | 110 | 85 | ||
Global Payments Inc. | 2.650% | 2/15/25 | 67 | 63 | ||
Global Payments Inc. | 1.200% | 3/1/26 | 120 | 105 | ||
Global Payments Inc. | 4.800% | 4/1/26 | 115 | 112 | ||
Global Payments Inc. | 2.150% | 1/15/27 | 70 | 61 | ||
Global Payments Inc. | 3.200% | 8/15/29 | 150 | 128 | ||
Global Payments Inc. | 2.900% | 5/15/30 | 130 | 107 | ||
Global Payments Inc. | 2.900% | 11/15/31 | 70 | 56 | ||
Global Payments Inc. | 5.400% | 8/15/32 | 75 | 72 | ||
Global Payments Inc. | 4.150% | 8/15/49 | 135 | 98 | ||
Global Payments Inc. | 5.950% | 8/15/52 | 25 | 23 | ||
Goldman Sachs Capital I | 6.345% | 2/15/34 | 140 | 146 | ||
Goldman Sachs Group Inc. | 4.000% | 3/3/24 | 400 | 394 | ||
Goldman Sachs Group Inc. | 3.000% | 3/15/24 | 100 | 97 | ||
1 | Goldman Sachs Group Inc. | 3.850% | 7/8/24 | 235 | 230 | |
Goldman Sachs Group Inc. | 3.500% | 1/23/25 | 253 | 245 | ||
Goldman Sachs Group Inc. | 3.500% | 4/1/25 | 364 | 350 | ||
Goldman Sachs Group Inc. | 3.750% | 5/22/25 | 220 | 213 | ||
1 | Goldman Sachs Group Inc. | 3.272% | 9/29/25 | 240 | 231 | |
Goldman Sachs Group Inc. | 4.250% | 10/21/25 | 125 | 121 | ||
Goldman Sachs Group Inc. | 0.855% | 2/12/26 | 185 | 168 | ||
Goldman Sachs Group Inc. | 3.750% | 2/25/26 | 225 | 215 | ||
Goldman Sachs Group Inc. | 3.500% | 11/16/26 | 377 | 354 | ||
1 | Goldman Sachs Group Inc. | 1.093% | 12/9/26 | 265 | 233 | |
Goldman Sachs Group Inc. | 5.950% | 1/15/27 | 115 | 117 | ||
Goldman Sachs Group Inc. | 3.850% | 1/26/27 | 225 | 213 | ||
Goldman Sachs Group Inc. | 1.431% | 3/9/27 | 315 | 278 | ||
Goldman Sachs Group Inc. | 1.542% | 9/10/27 | 255 | 221 | ||
Goldman Sachs Group Inc. | 1.948% | 10/21/27 | 450 | 394 | ||
Goldman Sachs Group Inc. | 2.640% | 2/24/28 | 365 | 326 | ||
Goldman Sachs Group Inc. | 3.615% | 3/15/28 | 50 | 46 | ||
1 | Goldman Sachs Group Inc. | 3.691% | 6/5/28 | 390 | 362 | |
Goldman Sachs Group Inc. | 4.482% | 8/23/28 | 250 | 240 | ||
1 | Goldman Sachs Group Inc. | 3.814% | 4/23/29 | 380 | 348 | |
1 | Goldman Sachs Group Inc. | 4.223% | 5/1/29 | 443 | 415 | |
Goldman Sachs Group Inc. | 2.600% | 2/7/30 | 220 | 185 | ||
Goldman Sachs Group Inc. | 3.800% | 3/15/30 | 335 | 304 | ||
Goldman Sachs Group Inc. | 1.992% | 1/27/32 | 210 | 161 | ||
Goldman Sachs Group Inc. | 2.615% | 4/22/32 | 275 | 221 | ||
Goldman Sachs Group Inc. | 2.383% | 7/21/32 | 515 | 405 | ||
Goldman Sachs Group Inc. | 2.650% | 10/21/32 | 370 | 295 | ||
Goldman Sachs Group Inc. | 6.125% | 2/15/33 | 475 | 502 | ||
Goldman Sachs Group Inc. | 3.102% | 2/24/33 | 415 | 342 | ||
Goldman Sachs Group Inc. | 6.750% | 10/1/37 | 500 | 532 | ||
1 | Goldman Sachs Group Inc. | 4.017% | 10/31/38 | 5 | 4 | |
Goldman Sachs Group Inc. | 6.250% | 2/1/41 | 340 | 364 | ||
Goldman Sachs Group Inc. | 3.210% | 4/22/42 | 275 | 199 | ||
Goldman Sachs Group Inc. | 2.908% | 7/21/42 | 195 | 136 | ||
Goldman Sachs Group Inc. | 3.436% | 2/24/43 | 125 | 93 | ||
1 | Goldman Sachs Group Inc. | 4.800% | 7/8/44 | 180 | 162 | |
Goldman Sachs Group Inc. | 5.150% | 5/22/45 | 230 | 213 | ||
Goldman Sachs Group Inc. | 4.750% | 10/21/45 | 190 | 170 | ||
Hartford Financial Services Group Inc. | 3.600% | 8/19/49 | 90 | 67 | ||
HSBC Holdings plc | 4.250% | 3/14/24 | 75 | 74 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | HSBC Holdings plc | 3.803% | 3/11/25 | 365 | 357 | |
HSBC Holdings plc | 0.976% | 5/24/25 | 255 | 240 | ||
HSBC Holdings plc | 4.250% | 8/18/25 | 50 | 48 | ||
1 | HSBC Holdings plc | 2.633% | 11/7/25 | 195 | 185 | |
HSBC Holdings plc | 4.300% | 3/8/26 | 330 | 319 | ||
HSBC Holdings plc | 2.999% | 3/10/26 | 240 | 227 | ||
1 | HSBC Holdings plc | 1.645% | 4/18/26 | 125 | 115 | |
HSBC Holdings plc | 3.900% | 5/25/26 | 280 | 267 | ||
1 | HSBC Holdings plc | 2.099% | 6/4/26 | 230 | 212 | |
1 | HSBC Holdings plc | 4.292% | 9/12/26 | 275 | 265 | |
HSBC Holdings plc | 7.336% | 11/3/26 | 100 | 104 | ||
HSBC Holdings plc | 4.375% | 11/23/26 | 65 | 63 | ||
HSBC Holdings plc | 1.589% | 5/24/27 | 380 | 333 | ||
HSBC Holdings plc | 2.251% | 11/22/27 | 330 | 290 | ||
1 | HSBC Holdings plc | 4.041% | 3/13/28 | 245 | 229 | |
HSBC Holdings plc | 4.755% | 6/9/28 | 380 | 364 | ||
HSBC Holdings plc | 5.210% | 8/11/28 | 200 | 196 | ||
1 | HSBC Holdings plc | 2.013% | 9/22/28 | 125 | 106 | |
HSBC Holdings plc | 7.390% | 11/3/28 | 150 | 158 | ||
1 | HSBC Holdings plc | 4.583% | 6/19/29 | 325 | 306 | |
HSBC Holdings plc | 2.206% | 8/17/29 | 230 | 191 | ||
HSBC Holdings plc | 4.950% | 3/31/30 | 315 | 303 | ||
1 | HSBC Holdings plc | 3.973% | 5/22/30 | 335 | 301 | |
1 | HSBC Holdings plc | 2.848% | 6/4/31 | 185 | 152 | |
1 | HSBC Holdings plc | 2.357% | 8/18/31 | 130 | 103 | |
HSBC Holdings plc | 2.804% | 5/24/32 | 235 | 187 | ||
HSBC Holdings plc | 2.871% | 11/22/32 | 280 | 222 | ||
HSBC Holdings plc | 4.762% | 3/29/33 | 265 | 238 | ||
HSBC Holdings plc | 5.402% | 8/11/33 | 200 | 192 | ||
HSBC Holdings plc | 8.113% | 11/3/33 | 155 | 171 | ||
HSBC Holdings plc | 6.500% | 9/15/37 | 250 | 259 | ||
1 | HSBC Holdings plc | 6.500% | 9/15/37 | 120 | 120 | |
HSBC Holdings plc | 6.800% | 6/1/38 | 100 | 103 | ||
HSBC Holdings plc | 6.100% | 1/14/42 | 100 | 107 | ||
HSBC Holdings plc | 5.250% | 3/14/44 | 227 | 206 | ||
HSBC USA Inc. | 3.750% | 5/24/24 | 100 | 98 | ||
HSBC USA Inc. | 3.500% | 6/23/24 | 140 | 136 | ||
Huntington Bancshares Inc. | 2.625% | 8/6/24 | 120 | 115 | ||
Huntington Bancshares Inc. | 4.443% | 8/4/28 | 75 | 72 | ||
Huntington Bancshares Inc. | 2.550% | 2/4/30 | 70 | 59 | ||
Huntington National Bank | 4.552% | 5/17/28 | 125 | 121 | ||
Huntington National Bank | 5.650% | 1/10/30 | 100 | 101 | ||
ING Groep NV | 3.550% | 4/9/24 | 235 | 230 | ||
ING Groep NV | 3.869% | 3/28/26 | 100 | 96 | ||
ING Groep NV | 3.950% | 3/29/27 | 250 | 237 | ||
ING Groep NV | 1.726% | 4/1/27 | 185 | 164 | ||
ING Groep NV | 4.017% | 3/28/28 | 60 | 56 | ||
ING Groep NV | 4.550% | 10/2/28 | 70 | 67 | ||
ING Groep NV | 4.050% | 4/9/29 | 60 | 56 | ||
ING Groep NV | 2.727% | 4/1/32 | 85 | 69 | ||
ING Groep NV | 4.252% | 3/28/33 | 100 | 90 | ||
Intercontinental Exchange Inc. | 3.650% | 5/23/25 | 145 | 141 | ||
Intercontinental Exchange Inc. | 3.750% | 12/1/25 | 130 | 125 | ||
Intercontinental Exchange Inc. | 4.000% | 9/15/27 | 150 | 146 | ||
Intercontinental Exchange Inc. | 4.350% | 6/15/29 | 50 | 48 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Intercontinental Exchange Inc. | 2.100% | 6/15/30 | 210 | 171 | ||
Intercontinental Exchange Inc. | 1.850% | 9/15/32 | 230 | 173 | ||
Intercontinental Exchange Inc. | 4.600% | 3/15/33 | 160 | 153 | ||
Intercontinental Exchange Inc. | 2.650% | 9/15/40 | 100 | 70 | ||
Intercontinental Exchange Inc. | 4.250% | 9/21/48 | 190 | 164 | ||
Intercontinental Exchange Inc. | 3.000% | 6/15/50 | 115 | 78 | ||
Intercontinental Exchange Inc. | 4.950% | 6/15/52 | 185 | 175 | ||
Intercontinental Exchange Inc. | 3.000% | 9/15/60 | 195 | 123 | ||
Intercontinental Exchange Inc. | 5.200% | 6/15/62 | 50 | 49 | ||
JPMorgan Chase & Co. | 3.875% | 2/1/24 | 115 | 113 | ||
JPMorgan Chase & Co. | 3.625% | 5/13/24 | 150 | 147 | ||
JPMorgan Chase & Co. | 3.875% | 9/10/24 | 285 | 278 | ||
JPMorgan Chase & Co. | 3.125% | 1/23/25 | 310 | 299 | ||
1 | JPMorgan Chase & Co. | 3.220% | 3/1/25 | 340 | 332 | |
JPMorgan Chase & Co. | 0.824% | 6/1/25 | 275 | 258 | ||
JPMorgan Chase & Co. | 3.845% | 6/14/25 | 50 | 49 | ||
JPMorgan Chase & Co. | 0.969% | 6/23/25 | 315 | 296 | ||
JPMorgan Chase & Co. | 3.900% | 7/15/25 | 315 | 306 | ||
JPMorgan Chase & Co. | 0.768% | 8/9/25 | 315 | 293 | ||
1 | JPMorgan Chase & Co. | 2.301% | 10/15/25 | 160 | 151 | |
JPMorgan Chase & Co. | 1.561% | 12/10/25 | 250 | 232 | ||
JPMorgan Chase & Co. | 5.546% | 12/15/25 | 255 | 255 | ||
1 | JPMorgan Chase & Co. | 2.005% | 3/13/26 | 180 | 167 | |
JPMorgan Chase & Co. | 3.300% | 4/1/26 | 365 | 345 | ||
1 | JPMorgan Chase & Co. | 2.083% | 4/22/26 | 420 | 390 | |
JPMorgan Chase & Co. | 4.080% | 4/26/26 | 290 | 282 | ||
JPMorgan Chase & Co. | 3.200% | 6/15/26 | 160 | 151 | ||
JPMorgan Chase & Co. | 2.950% | 10/1/26 | 300 | 279 | ||
JPMorgan Chase & Co. | 1.045% | 11/19/26 | 375 | 332 | ||
JPMorgan Chase & Co. | 4.125% | 12/15/26 | 200 | 192 | ||
1 | JPMorgan Chase & Co. | 3.960% | 1/29/27 | 275 | 263 | |
JPMorgan Chase & Co. | 1.040% | 2/4/27 | 180 | 158 | ||
JPMorgan Chase & Co. | 1.578% | 4/22/27 | 400 | 354 | ||
JPMorgan Chase & Co. | 1.470% | 9/22/27 | 225 | 195 | ||
JPMorgan Chase & Co. | 4.250% | 10/1/27 | 170 | 163 | ||
JPMorgan Chase & Co. | 3.625% | 12/1/27 | 120 | 112 | ||
1 | JPMorgan Chase & Co. | 3.782% | 2/1/28 | 290 | 273 | |
JPMorgan Chase & Co. | 4.323% | 4/26/28 | 300 | 287 | ||
1 | JPMorgan Chase & Co. | 3.540% | 5/1/28 | 355 | 329 | |
1 | JPMorgan Chase & Co. | 2.182% | 6/1/28 | 200 | 175 | |
JPMorgan Chase & Co. | 4.851% | 7/25/28 | 350 | 342 | ||
1 | JPMorgan Chase & Co. | 3.509% | 1/23/29 | 315 | 288 | |
1 | JPMorgan Chase & Co. | 4.005% | 4/23/29 | 255 | 237 | |
JPMorgan Chase & Co. | 2.069% | 6/1/29 | 245 | 207 | ||
1 | JPMorgan Chase & Co. | 4.203% | 7/23/29 | 215 | 201 | |
1 | JPMorgan Chase & Co. | 4.452% | 12/5/29 | 305 | 289 | |
1 | JPMorgan Chase & Co. | 3.702% | 5/6/30 | 310 | 280 | |
JPMorgan Chase & Co. | 4.565% | 6/14/30 | 140 | 133 | ||
1 | JPMorgan Chase & Co. | 2.739% | 10/15/30 | 150 | 126 | |
1 | JPMorgan Chase & Co. | 4.493% | 3/24/31 | 395 | 373 | |
1 | JPMorgan Chase & Co. | 2.522% | 4/22/31 | 350 | 290 | |
1 | JPMorgan Chase & Co. | 2.956% | 5/13/31 | 325 | 273 | |
JPMorgan Chase & Co. | 1.764% | 11/19/31 | 230 | 177 | ||
JPMorgan Chase & Co. | 1.953% | 2/4/32 | 390 | 303 | ||
JPMorgan Chase & Co. | 2.580% | 4/22/32 | 290 | 235 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
JPMorgan Chase & Co. | 2.545% | 11/8/32 | 285 | 227 | ||
JPMorgan Chase & Co. | 2.963% | 1/25/33 | 330 | 272 | ||
JPMorgan Chase & Co. | 4.586% | 4/26/33 | 225 | 210 | ||
JPMorgan Chase & Co. | 4.912% | 7/25/33 | 390 | 373 | ||
JPMorgan Chase & Co. | 5.717% | 9/14/33 | 360 | 357 | ||
JPMorgan Chase & Co. | 6.400% | 5/15/38 | 262 | 287 | ||
1 | JPMorgan Chase & Co. | 3.882% | 7/24/38 | 285 | 237 | |
JPMorgan Chase & Co. | 5.500% | 10/15/40 | 65 | 66 | ||
1 | JPMorgan Chase & Co. | 3.109% | 4/22/41 | 225 | 166 | |
JPMorgan Chase & Co. | 5.600% | 7/15/41 | 140 | 142 | ||
JPMorgan Chase & Co. | 2.525% | 11/19/41 | 245 | 164 | ||
JPMorgan Chase & Co. | 5.400% | 1/6/42 | 175 | 174 | ||
JPMorgan Chase & Co. | 3.157% | 4/22/42 | 185 | 137 | ||
JPMorgan Chase & Co. | 5.625% | 8/16/43 | 145 | 144 | ||
JPMorgan Chase & Co. | 4.850% | 2/1/44 | 170 | 159 | ||
JPMorgan Chase & Co. | 4.950% | 6/1/45 | 185 | 170 | ||
1 | JPMorgan Chase & Co. | 4.260% | 2/22/48 | 80 | 68 | |
1 | JPMorgan Chase & Co. | 4.032% | 7/24/48 | 200 | 163 | |
1 | JPMorgan Chase & Co. | 3.964% | 11/15/48 | 325 | 261 | |
1 | JPMorgan Chase & Co. | 3.897% | 1/23/49 | 105 | 83 | |
1 | JPMorgan Chase & Co. | 3.109% | 4/22/51 | 167 | 114 | |
JPMorgan Chase & Co. | 3.328% | 4/22/52 | 465 | 330 | ||
1 | KeyBank NA | 3.300% | 6/1/25 | 120 | 115 | |
1 | KeyBank NA | 4.150% | 8/8/25 | 150 | 146 | |
1 | KeyBank NA | 4.900% | 8/8/32 | 75 | 71 | |
1 | KeyCorp | 2.250% | 4/6/27 | 80 | 71 | |
1 | KeyCorp | 4.100% | 4/30/28 | 95 | 90 | |
1 | KeyCorp | 2.550% | 10/1/29 | 55 | 47 | |
1 | KeyCorp | 4.789% | 6/1/33 | 130 | 122 | |
Lloyds Banking Group plc | 3.900% | 3/12/24 | 120 | 118 | ||
Lloyds Banking Group plc | 4.500% | 11/4/24 | 25 | 24 | ||
Lloyds Banking Group plc | 4.450% | 5/8/25 | 180 | 176 | ||
1 | Lloyds Banking Group plc | 3.870% | 7/9/25 | 75 | 73 | |
Lloyds Banking Group plc | 4.582% | 12/10/25 | 100 | 96 | ||
1 | Lloyds Banking Group plc | 2.438% | 2/5/26 | 260 | 244 | |
Lloyds Banking Group plc | 3.511% | 3/18/26 | 100 | 96 | ||
Lloyds Banking Group plc | 4.650% | 3/24/26 | 185 | 178 | ||
Lloyds Banking Group plc | 3.750% | 1/11/27 | 165 | 154 | ||
Lloyds Banking Group plc | 1.627% | 5/11/27 | 210 | 184 | ||
Lloyds Banking Group plc | 3.750% | 3/18/28 | 40 | 37 | ||
Lloyds Banking Group plc | 4.375% | 3/22/28 | 240 | 227 | ||
Lloyds Banking Group plc | 4.550% | 8/16/28 | 220 | 208 | ||
1 | Lloyds Banking Group plc | 3.574% | 11/7/28 | 155 | 141 | |
3 | Lloyds Banking Group plc | 5.871% | 3/6/29 | 200 | 200 | |
Lloyds Banking Group plc | 7.953% | 11/15/33 | 145 | 159 | ||
Lloyds Banking Group plc | 5.300% | 12/1/45 | 60 | 54 | ||
Lloyds Banking Group plc | 3.369% | 12/14/46 | 175 | 119 | ||
Lloyds Banking Group plc | 4.344% | 1/9/48 | 150 | 116 | ||
M&T Bank Corp. | 5.053% | 1/27/34 | 10 | 10 | ||
1 | Manufacturers & Traders Trust Co. | 2.900% | 2/6/25 | 135 | 129 | |
Manufacturers & Traders Trust Co. | 4.700% | 1/27/28 | 250 | 243 | ||
Marsh & McLennan Cos. Inc. | 3.875% | 3/15/24 | 125 | 123 | ||
Marsh & McLennan Cos. Inc. | 4.375% | 3/15/29 | 155 | 148 | ||
Marsh & McLennan Cos. Inc. | 2.250% | 11/15/30 | 155 | 126 | ||
Marsh & McLennan Cos. Inc. | 4.900% | 3/15/49 | 85 | 78 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Mastercard Inc. | 3.375% | 4/1/24 | 120 | 118 | ||
Mastercard Inc. | 2.000% | 3/3/25 | 10 | 9 | ||
Mastercard Inc. | 2.950% | 11/21/26 | 60 | 56 | ||
Mastercard Inc. | 3.300% | 3/26/27 | 215 | 203 | ||
Mastercard Inc. | 2.950% | 6/1/29 | 61 | 55 | ||
Mastercard Inc. | 3.350% | 3/26/30 | 165 | 151 | ||
Mastercard Inc. | 2.000% | 11/18/31 | 100 | 81 | ||
Mastercard Inc. | 3.650% | 6/1/49 | 195 | 160 | ||
Mastercard Inc. | 3.850% | 3/26/50 | 115 | 96 | ||
MetLife Inc. | 3.600% | 4/10/24 | 100 | 98 | ||
MetLife Inc. | 4.550% | 3/23/30 | 165 | 162 | ||
MetLife Inc. | 6.375% | 6/15/34 | 55 | 61 | ||
MetLife Inc. | 5.700% | 6/15/35 | 90 | 94 | ||
1 | MetLife Inc. | 6.400% | 12/15/36 | 95 | 95 | |
MetLife Inc. | 5.875% | 2/6/41 | 90 | 94 | ||
MetLife Inc. | 4.125% | 8/13/42 | 75 | 64 | ||
MetLife Inc. | 4.875% | 11/13/43 | 105 | 98 | ||
MetLife Inc. | 4.050% | 3/1/45 | 105 | 88 | ||
MetLife Inc. | 4.600% | 5/13/46 | 80 | 71 | ||
MetLife Inc. | 5.000% | 7/15/52 | 115 | 110 | ||
MetLife Inc. | 5.250% | 1/15/54 | 75 | 73 | ||
Mitsubishi UFJ Financial Group Inc. | 3.407% | 3/7/24 | 75 | 73 | ||
Mitsubishi UFJ Financial Group Inc. | 2.801% | 7/18/24 | 123 | 119 | ||
Mitsubishi UFJ Financial Group Inc. | 2.193% | 2/25/25 | 290 | 272 | ||
Mitsubishi UFJ Financial Group Inc. | 3.777% | 3/2/25 | 198 | 192 | ||
Mitsubishi UFJ Financial Group Inc. | 1.412% | 7/17/25 | 175 | 159 | ||
Mitsubishi UFJ Financial Group Inc. | 0.953% | 7/19/25 | 285 | 266 | ||
Mitsubishi UFJ Financial Group Inc. | 5.063% | 9/12/25 | 230 | 228 | ||
Mitsubishi UFJ Financial Group Inc. | 0.962% | 10/11/25 | 140 | 129 | ||
Mitsubishi UFJ Financial Group Inc. | 3.850% | 3/1/26 | 225 | 215 | ||
Mitsubishi UFJ Financial Group Inc. | 2.757% | 9/13/26 | 25 | 23 | ||
Mitsubishi UFJ Financial Group Inc. | 3.677% | 2/22/27 | 95 | 91 | ||
Mitsubishi UFJ Financial Group Inc. | 1.538% | 7/20/27 | 330 | 289 | ||
Mitsubishi UFJ Financial Group Inc. | 3.287% | 7/25/27 | 80 | 74 | ||
Mitsubishi UFJ Financial Group Inc. | 1.640% | 10/13/27 | 140 | 122 | ||
Mitsubishi UFJ Financial Group Inc. | 2.341% | 1/19/28 | 310 | 275 | ||
Mitsubishi UFJ Financial Group Inc. | 3.961% | 3/2/28 | 95 | 90 | ||
Mitsubishi UFJ Financial Group Inc. | 5.017% | 7/20/28 | 200 | 196 | ||
Mitsubishi UFJ Financial Group Inc. | 4.050% | 9/11/28 | 145 | 136 | ||
Mitsubishi UFJ Financial Group Inc. | 5.422% | 2/22/29 | 200 | 199 | ||
Mitsubishi UFJ Financial Group Inc. | 3.741% | 3/7/29 | 235 | 215 | ||
Mitsubishi UFJ Financial Group Inc. | 3.195% | 7/18/29 | 195 | 171 | ||
Mitsubishi UFJ Financial Group Inc. | 2.559% | 2/25/30 | 60 | 50 | ||
Mitsubishi UFJ Financial Group Inc. | 2.048% | 7/17/30 | 200 | 159 | ||
Mitsubishi UFJ Financial Group Inc. | 2.309% | 7/20/32 | 135 | 105 | ||
Mitsubishi UFJ Financial Group Inc. | 2.494% | 10/13/32 | 215 | 169 | ||
Mitsubishi UFJ Financial Group Inc. | 2.852% | 1/19/33 | 175 | 141 | ||
Mitsubishi UFJ Financial Group Inc. | 5.133% | 7/20/33 | 110 | 107 | ||
Mitsubishi UFJ Financial Group Inc. | 3.751% | 7/18/39 | 115 | 97 | ||
1 | Mizuho Financial Group Inc. | 2.226% | 5/25/26 | 155 | 143 | |
Mizuho Financial Group Inc. | 1.234% | 5/22/27 | 170 | 147 | ||
Mizuho Financial Group Inc. | 1.554% | 7/9/27 | 85 | 74 | ||
Mizuho Financial Group Inc. | 3.170% | 9/11/27 | 135 | 124 | ||
Mizuho Financial Group Inc. | 4.018% | 3/5/28 | 225 | 212 | ||
1 | Mizuho Financial Group Inc. | 4.254% | 9/11/29 | 150 | 140 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Mizuho Financial Group Inc. | 3.153% | 7/16/30 | 100 | 86 | |
1 | Mizuho Financial Group Inc. | 2.201% | 7/10/31 | 160 | 127 | |
1 | Mizuho Financial Group Inc. | 1.979% | 9/8/31 | 75 | 58 | |
Mizuho Financial Group Inc. | 2.564% | 9/13/31 | 115 | 89 | ||
1 | Morgan Stanley | 3.875% | 4/29/24 | 260 | 256 | |
1 | Morgan Stanley | 3.700% | 10/23/24 | 305 | 297 | |
Morgan Stanley | 3.620% | 4/17/25 | 250 | 244 | ||
1 | Morgan Stanley | 2.720% | 7/22/25 | 295 | 283 | |
1 | Morgan Stanley | 4.000% | 7/23/25 | 285 | 278 | |
1 | Morgan Stanley | 0.864% | 10/21/25 | 150 | 138 | |
1 | Morgan Stanley | 1.164% | 10/21/25 | 285 | 264 | |
Morgan Stanley | 5.000% | 11/24/25 | 210 | 208 | ||
1 | Morgan Stanley | 3.875% | 1/27/26 | 310 | 298 | |
1 | Morgan Stanley | 2.630% | 2/18/26 | 245 | 231 | |
1 | Morgan Stanley | 2.188% | 4/28/26 | 375 | 349 | |
Morgan Stanley | 4.679% | 7/17/26 | 100 | 98 | ||
1 | Morgan Stanley | 3.125% | 7/27/26 | 395 | 368 | |
1 | Morgan Stanley | 4.350% | 9/8/26 | 285 | 274 | |
Morgan Stanley | 6.138% | 10/16/26 | 200 | 203 | ||
Morgan Stanley | 0.985% | 12/10/26 | 345 | 303 | ||
Morgan Stanley | 3.625% | 1/20/27 | 321 | 304 | ||
Morgan Stanley | 5.050% | 1/28/27 | 205 | 203 | ||
Morgan Stanley | 3.950% | 4/23/27 | 285 | 269 | ||
Morgan Stanley | 1.593% | 5/4/27 | 370 | 327 | ||
Morgan Stanley | 2.475% | 1/21/28 | 135 | 120 | ||
Morgan Stanley | 4.210% | 4/20/28 | 285 | 271 | ||
1 | Morgan Stanley | 3.591% | 7/22/28 | 375 | 347 | |
Morgan Stanley | 6.296% | 10/18/28 | 125 | 129 | ||
1 | Morgan Stanley | 3.772% | 1/24/29 | 450 | 416 | |
Morgan Stanley | 5.123% | 2/1/29 | 205 | 201 | ||
1 | Morgan Stanley | 4.431% | 1/23/30 | 390 | 367 | |
1 | Morgan Stanley | 2.699% | 1/22/31 | 300 | 251 | |
1 | Morgan Stanley | 3.622% | 4/1/31 | 280 | 248 | |
1 | Morgan Stanley | 1.794% | 2/13/32 | 195 | 148 | |
Morgan Stanley | 7.250% | 4/1/32 | 260 | 294 | ||
1 | Morgan Stanley | 1.928% | 4/28/32 | 200 | 153 | |
1 | Morgan Stanley | 2.239% | 7/21/32 | 245 | 191 | |
1 | Morgan Stanley | 2.511% | 10/20/32 | 265 | 209 | |
Morgan Stanley | 2.943% | 1/21/33 | 245 | 201 | ||
Morgan Stanley | 4.889% | 7/20/33 | 120 | 114 | ||
Morgan Stanley | 6.342% | 10/18/33 | 275 | 290 | ||
Morgan Stanley | 2.484% | 9/16/36 | 460 | 343 | ||
Morgan Stanley | 5.297% | 4/20/37 | 230 | 214 | ||
Morgan Stanley | 5.948% | 1/19/38 | 105 | 102 | ||
1 | Morgan Stanley | 3.971% | 7/22/38 | 290 | 245 | |
1 | Morgan Stanley | 4.457% | 4/22/39 | 115 | 102 | |
Morgan Stanley | 3.217% | 4/22/42 | 160 | 119 | ||
Morgan Stanley | 6.375% | 7/24/42 | 200 | 220 | ||
Morgan Stanley | 4.300% | 1/27/45 | 335 | 288 | ||
Morgan Stanley | 4.375% | 1/22/47 | 245 | 213 | ||
1 | Morgan Stanley | 5.597% | 3/24/51 | 190 | 196 | |
1 | Morgan Stanley | 2.802% | 1/25/52 | 280 | 180 | |
National Australia Bank Ltd. | 3.500% | 6/9/25 | 95 | 91 | ||
National Australia Bank Ltd. | 3.375% | 1/14/26 | 75 | 71 | ||
1 | National Australia Bank Ltd. | 2.500% | 7/12/26 | 40 | 37 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
National Australia Bank Ltd. | 3.905% | 6/9/27 | 250 | 239 | ||
National Australia Bank Ltd. | 4.944% | 1/12/28 | 500 | 499 | ||
National Bank of Canada | 3.750% | 6/9/25 | 80 | 78 | ||
NatWest Group plc | 5.125% | 5/28/24 | 215 | 214 | ||
1 | NatWest Group plc | 4.269% | 3/22/25 | 240 | 236 | |
NatWest Group plc | 4.800% | 4/5/26 | 285 | 278 | ||
NatWest Group plc | 1.642% | 6/14/27 | 220 | 193 | ||
1 | NatWest Group plc | 3.073% | 5/22/28 | 180 | 162 | |
1 | NatWest Group plc | 4.892% | 5/18/29 | 205 | 196 | |
1 | NatWest Group plc | 3.754% | 11/1/29 | 85 | 80 | |
1 | NatWest Group plc | 5.076% | 1/27/30 | 65 | 62 | |
1 | NatWest Group plc | 4.445% | 5/8/30 | 145 | 134 | |
1 | NatWest Group plc | 3.032% | 11/28/35 | 130 | 100 | |
Nomura Holdings Inc. | 2.648% | 1/16/25 | 85 | 80 | ||
Nomura Holdings Inc. | 5.099% | 7/3/25 | 75 | 74 | ||
Nomura Holdings Inc. | 1.851% | 7/16/25 | 195 | 178 | ||
Nomura Holdings Inc. | 1.653% | 7/14/26 | 185 | 161 | ||
Nomura Holdings Inc. | 2.329% | 1/22/27 | 200 | 177 | ||
Nomura Holdings Inc. | 2.172% | 7/14/28 | 125 | 104 | ||
Nomura Holdings Inc. | 3.103% | 1/16/30 | 115 | 97 | ||
Nomura Holdings Inc. | 2.679% | 7/16/30 | 85 | 69 | ||
Nomura Holdings Inc. | 2.608% | 7/14/31 | 120 | 94 | ||
Nomura Holdings Inc. | 2.999% | 1/22/32 | 35 | 28 | ||
Northern Trust Corp. | 3.950% | 10/30/25 | 115 | 111 | ||
Northern Trust Corp. | 4.000% | 5/10/27 | 135 | 131 | ||
Northern Trust Corp. | 1.950% | 5/1/30 | 35 | 29 | ||
Northern Trust Corp. | 6.125% | 11/2/32 | 150 | 158 | ||
PayPal Holdings Inc. | 2.400% | 10/1/24 | 155 | 148 | ||
PayPal Holdings Inc. | 1.650% | 6/1/25 | 85 | 79 | ||
PayPal Holdings Inc. | 2.650% | 10/1/26 | 135 | 125 | ||
PayPal Holdings Inc. | 2.850% | 10/1/29 | 135 | 117 | ||
PayPal Holdings Inc. | 2.300% | 6/1/30 | 95 | 78 | ||
PayPal Holdings Inc. | 4.400% | 6/1/32 | 105 | 99 | ||
PayPal Holdings Inc. | 3.250% | 6/1/50 | 130 | 90 | ||
PayPal Holdings Inc. | 5.050% | 6/1/52 | 95 | 87 | ||
1 | PNC Bank NA | 2.950% | 2/23/25 | 90 | 86 | |
1 | PNC Bank NA | 3.100% | 10/25/27 | 50 | 46 | |
1 | PNC Bank NA | 4.050% | 7/26/28 | 175 | 165 | |
1 | PNC Bank NA | 2.700% | 10/22/29 | 50 | 42 | |
PNC Financial Services Group Inc. | 3.900% | 4/29/24 | 115 | 113 | ||
PNC Financial Services Group Inc. | 5.671% | 10/28/25 | 75 | 75 | ||
PNC Financial Services Group Inc. | 2.600% | 7/23/26 | 145 | 134 | ||
PNC Financial Services Group Inc. | 4.758% | 1/26/27 | 105 | 103 | ||
PNC Financial Services Group Inc. | 3.150% | 5/19/27 | 70 | 65 | ||
PNC Financial Services Group Inc. | 5.354% | 12/2/28 | 110 | 110 | ||
PNC Financial Services Group Inc. | 3.450% | 4/23/29 | 345 | 317 | ||
PNC Financial Services Group Inc. | 2.550% | 1/22/30 | 185 | 157 | ||
PNC Financial Services Group Inc. | 2.307% | 4/23/32 | 25 | 20 | ||
PNC Financial Services Group Inc. | 4.626% | 6/6/33 | 85 | 79 | ||
PNC Financial Services Group Inc. | 6.037% | 10/28/33 | 165 | 172 | ||
PNC Financial Services Group Inc. | 5.068% | 1/24/34 | 105 | 102 | ||
Progressive Corp. | 4.125% | 4/15/47 | 180 | 154 | ||
1 | Prudential Financial Inc. | 5.700% | 12/14/36 | 200 | 208 | |
1 | Prudential Financial Inc. | 5.375% | 5/15/45 | 80 | 78 | |
1 | Prudential Financial Inc. | 4.500% | 9/15/47 | 50 | 46 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Prudential Financial Inc. | 3.905% | 12/7/47 | 150 | 118 | ||
1 | Prudential Financial Inc. | 5.700% | 9/15/48 | 120 | 114 | |
Prudential Financial Inc. | 3.935% | 12/7/49 | 120 | 95 | ||
1 | Prudential Financial Inc. | 4.350% | 2/25/50 | 105 | 89 | |
1 | Prudential Financial Inc. | 3.700% | 3/13/51 | 10 | 8 | |
Prudential Financial Inc. | 5.125% | 3/1/52 | 220 | 202 | ||
Prudential Financial Inc. | 6.000% | 9/1/52 | 100 | 97 | ||
Prudential plc | 3.125% | 4/14/30 | 140 | 123 | ||
Raymond James Financial Inc. | 4.950% | 7/15/46 | 40 | 37 | ||
Raymond James Financial Inc. | 3.750% | 4/1/51 | 140 | 105 | ||
Regions Financial Corp. | 2.250% | 5/18/25 | 105 | 98 | ||
1 | Royal Bank of Canada | 2.550% | 7/16/24 | 155 | 149 | |
Royal Bank of Canada | 0.650% | 7/29/24 | 155 | 145 | ||
1 | Royal Bank of Canada | 0.750% | 10/7/24 | 145 | 135 | |
1 | Royal Bank of Canada | 5.660% | 10/25/24 | 95 | 96 | |
1 | Royal Bank of Canada | 2.250% | 11/1/24 | 245 | 233 | |
1 | Royal Bank of Canada | 1.600% | 1/21/25 | 60 | 56 | |
Royal Bank of Canada | 3.375% | 4/14/25 | 165 | 159 | ||
1 | Royal Bank of Canada | 1.150% | 6/10/25 | 200 | 183 | |
1 | Royal Bank of Canada | 4.875% | 1/12/26 | 105 | 104 | |
1 | Royal Bank of Canada | 0.875% | 1/20/26 | 180 | 159 | |
1 | Royal Bank of Canada | 4.650% | 1/27/26 | 95 | 93 | |
Royal Bank of Canada | 1.200% | 4/27/26 | 150 | 133 | ||
1 | Royal Bank of Canada | 1.150% | 7/14/26 | 135 | 118 | |
1 | Royal Bank of Canada | 1.400% | 11/2/26 | 139 | 121 | |
Royal Bank of Canada | 3.625% | 5/4/27 | 170 | 160 | ||
1 | Royal Bank of Canada | 4.240% | 8/3/27 | 200 | 192 | |
1 | Royal Bank of Canada | 6.000% | 11/1/27 | 125 | 129 | |
1 | Royal Bank of Canada | 4.900% | 1/12/28 | 105 | 104 | |
1 | Royal Bank of Canada | 2.300% | 11/3/31 | 130 | 104 | |
Royal Bank of Canada | 3.875% | 5/4/32 | 95 | 86 | ||
1 | Royal Bank of Canada | 5.000% | 2/1/33 | 105 | 102 | |
Santander Holdings USA Inc. | 3.500% | 6/7/24 | 115 | 112 | ||
Santander Holdings USA Inc. | 3.450% | 6/2/25 | 140 | 133 | ||
Santander Holdings USA Inc. | 4.500% | 7/17/25 | 110 | 107 | ||
Santander Holdings USA Inc. | 3.244% | 10/5/26 | 65 | 60 | ||
Santander Holdings USA Inc. | 4.400% | 7/13/27 | 140 | 133 | ||
Santander Holdings USA Inc. | 2.490% | 1/6/28 | 80 | 70 | ||
Santander UK Group Holdings plc | 1.089% | 3/15/25 | 150 | 142 | ||
1 | Santander UK Group Holdings plc | 1.532% | 8/21/26 | 115 | 103 | |
Santander UK Group Holdings plc | 6.833% | 11/21/26 | 200 | 203 | ||
Santander UK Group Holdings plc | 1.673% | 6/14/27 | 135 | 118 | ||
Santander UK Group Holdings plc | 2.469% | 1/11/28 | 110 | 96 | ||
1 | Santander UK Group Holdings plc | 3.823% | 11/3/28 | 110 | 100 | |
Santander UK plc | 4.000% | 3/13/24 | 185 | 183 | ||
State Street Corp. | 3.300% | 12/16/24 | 100 | 97 | ||
State Street Corp. | 3.550% | 8/18/25 | 135 | 130 | ||
1 | State Street Corp. | 2.354% | 11/1/25 | 85 | 81 | |
State Street Corp. | 2.650% | 5/19/26 | 75 | 70 | ||
State Street Corp. | 2.400% | 1/24/30 | 100 | 86 | ||
State Street Corp. | 2.200% | 3/3/31 | 90 | 72 | ||
State Street Corp. | 4.164% | 8/4/33 | 95 | 87 | ||
Sumitomo Mitsui Financial Group Inc. | 2.696% | 7/16/24 | 210 | 202 | ||
Sumitomo Mitsui Financial Group Inc. | 2.448% | 9/27/24 | 100 | 95 | ||
Sumitomo Mitsui Financial Group Inc. | 2.348% | 1/15/25 | 130 | 123 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Sumitomo Mitsui Financial Group Inc. | 1.474% | 7/8/25 | 180 | 164 | ||
Sumitomo Mitsui Financial Group Inc. | 0.948% | 1/12/26 | 135 | 119 | ||
Sumitomo Mitsui Financial Group Inc. | 3.784% | 3/9/26 | 145 | 139 | ||
Sumitomo Mitsui Financial Group Inc. | 2.632% | 7/14/26 | 165 | 151 | ||
Sumitomo Mitsui Financial Group Inc. | 1.402% | 9/17/26 | 315 | 273 | ||
Sumitomo Mitsui Financial Group Inc. | 3.010% | 10/19/26 | 220 | 202 | ||
Sumitomo Mitsui Financial Group Inc. | 3.446% | 1/11/27 | 60 | 56 | ||
Sumitomo Mitsui Financial Group Inc. | 3.364% | 7/12/27 | 125 | 116 | ||
Sumitomo Mitsui Financial Group Inc. | 3.352% | 10/18/27 | 150 | 138 | ||
Sumitomo Mitsui Financial Group Inc. | 3.544% | 1/17/28 | 110 | 101 | ||
Sumitomo Mitsui Financial Group Inc. | 3.944% | 7/19/28 | 25 | 23 | ||
Sumitomo Mitsui Financial Group Inc. | 1.902% | 9/17/28 | 120 | 100 | ||
Sumitomo Mitsui Financial Group Inc. | 3.040% | 7/16/29 | 355 | 308 | ||
Sumitomo Mitsui Financial Group Inc. | 2.750% | 1/15/30 | 100 | 85 | ||
Sumitomo Mitsui Financial Group Inc. | 2.130% | 7/8/30 | 190 | 152 | ||
Sumitomo Mitsui Financial Group Inc. | 2.142% | 9/23/30 | 145 | 114 | ||
Sumitomo Mitsui Financial Group Inc. | 2.222% | 9/17/31 | 101 | 79 | ||
Sumitomo Mitsui Financial Group Inc. | 5.766% | 1/13/33 | 200 | 202 | ||
Sumitomo Mitsui Financial Group Inc. | 2.930% | 9/17/41 | 55 | 38 | ||
1 | Synchrony Bank | 5.400% | 8/22/25 | 250 | 246 | |
Synchrony Financial | 4.250% | 8/15/24 | 120 | 117 | ||
Synchrony Financial | 4.875% | 6/13/25 | 10 | 10 | ||
Synchrony Financial | 4.500% | 7/23/25 | 82 | 79 | ||
Synchrony Financial | 3.950% | 12/1/27 | 75 | 68 | ||
Synchrony Financial | 2.875% | 10/28/31 | 70 | 53 | ||
Toronto-Dominion Bank | 0.550% | 3/4/24 | 230 | 219 | ||
1 | Toronto-Dominion Bank | 2.350% | 3/8/24 | 140 | 136 | |
1 | Toronto-Dominion Bank | 3.250% | 3/11/24 | 175 | 171 | |
1 | Toronto-Dominion Bank | 2.650% | 6/12/24 | 85 | 82 | |
1 | Toronto-Dominion Bank | 0.700% | 9/10/24 | 20 | 19 | |
1 | Toronto-Dominion Bank | 4.285% | 9/13/24 | 145 | 143 | |
1 | Toronto-Dominion Bank | 1.450% | 1/10/25 | 225 | 210 | |
Toronto-Dominion Bank | 3.766% | 6/6/25 | 165 | 159 | ||
1 | Toronto-Dominion Bank | 1.150% | 6/12/25 | 40 | 37 | |
1 | Toronto-Dominion Bank | 0.750% | 9/11/25 | 135 | 121 | |
1 | Toronto-Dominion Bank | 0.750% | 1/6/26 | 180 | 159 | |
Toronto-Dominion Bank | 5.103% | 1/9/26 | 140 | 140 | ||
1 | Toronto-Dominion Bank | 1.200% | 6/3/26 | 180 | 158 | |
1 | Toronto-Dominion Bank | 1.250% | 9/10/26 | 80 | 70 | |
1 | Toronto-Dominion Bank | 1.950% | 1/12/27 | 140 | 125 | |
1 | Toronto-Dominion Bank | 2.800% | 3/10/27 | 115 | 105 | |
Toronto-Dominion Bank | 4.108% | 6/8/27 | 150 | 144 | ||
Toronto-Dominion Bank | 5.156% | 1/10/28 | 105 | 105 | ||
1 | Toronto-Dominion Bank | 2.000% | 9/10/31 | 160 | 126 | |
1 | Toronto-Dominion Bank | 3.625% | 9/15/31 | 130 | 121 | |
1 | Toronto-Dominion Bank | 3.200% | 3/10/32 | 265 | 228 | |
Toronto-Dominion Bank | 4.456% | 6/8/32 | 190 | 179 | ||
1 | Travelers Cos. Inc. | 6.250% | 6/15/37 | 120 | 133 | |
Travelers Cos. Inc. | 5.350% | 11/1/40 | 20 | 20 | ||
Travelers Cos. Inc. | 3.050% | 6/8/51 | 55 | 38 | ||
1 | Truist Bank | 3.200% | 4/1/24 | 335 | 327 | |
1 | Truist Bank | 2.150% | 12/6/24 | 100 | 95 | |
1 | Truist Bank | 1.500% | 3/10/25 | 140 | 130 | |
1 | Truist Bank | 3.625% | 9/16/25 | 155 | 149 | |
1 | Truist Bank | 3.300% | 5/15/26 | 135 | 127 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Truist Bank | 3.800% | 10/30/26 | 115 | 109 | |
1 | Truist Bank | 2.250% | 3/11/30 | 205 | 169 | |
1 | Truist Financial Corp. | 2.500% | 8/1/24 | 70 | 67 | |
1 | Truist Financial Corp. | 2.850% | 10/26/24 | 125 | 121 | |
Truist Financial Corp. | 4.000% | 5/1/25 | 10 | 10 | ||
1 | Truist Financial Corp. | 3.700% | 6/5/25 | 80 | 77 | |
1 | Truist Financial Corp. | 1.200% | 8/5/25 | 65 | 59 | |
1 | Truist Financial Corp. | 4.260% | 7/28/26 | 100 | 98 | |
1 | Truist Financial Corp. | 1.267% | 3/2/27 | 115 | 102 | |
1 | Truist Financial Corp. | 4.123% | 6/6/28 | 50 | 48 | |
1 | Truist Financial Corp. | 4.873% | 1/26/29 | 100 | 98 | |
1 | Truist Financial Corp. | 1.887% | 6/7/29 | 100 | 84 | |
1 | Truist Financial Corp. | 1.950% | 6/5/30 | 80 | 65 | |
1 | Truist Financial Corp. | 4.916% | 7/28/33 | 75 | 71 | |
1 | Truist Financial Corp. | 6.123% | 10/28/33 | 305 | 320 | |
1 | Truist Financial Corp. | 5.122% | 1/26/34 | 70 | 68 | |
US Bancorp | 2.400% | 7/30/24 | 155 | 149 | ||
1 | US Bancorp | 3.600% | 9/11/24 | 100 | 98 | |
US Bancorp | 1.450% | 5/12/25 | 75 | 69 | ||
1 | US Bancorp | 3.950% | 11/17/25 | 200 | 194 | |
1 | US Bancorp | 3.100% | 4/27/26 | 170 | 160 | |
1 | US Bancorp | 2.375% | 7/22/26 | 105 | 96 | |
US Bancorp | 5.727% | 10/21/26 | 25 | 25 | ||
1 | US Bancorp | 3.150% | 4/27/27 | 170 | 159 | |
1 | US Bancorp | 2.215% | 1/27/28 | 120 | 108 | |
1 | US Bancorp | 3.900% | 4/26/28 | 90 | 86 | |
1 | US Bancorp | 4.548% | 7/22/28 | 100 | 97 | |
1 | US Bancorp | 3.000% | 7/30/29 | 185 | 163 | |
1 | US Bancorp | 1.375% | 7/22/30 | 133 | 103 | |
1 | US Bancorp | 2.677% | 1/27/33 | 95 | 78 | |
1 | US Bancorp | 4.967% | 7/22/33 | 100 | 95 | |
US Bancorp | 5.850% | 10/21/33 | 500 | 515 | ||
US Bancorp | 2.491% | 11/3/36 | 95 | 73 | ||
1 | US Bank NA | 2.050% | 1/21/25 | 115 | 109 | |
1 | US Bank NA | 2.800% | 1/27/25 | 105 | 101 | |
Visa Inc. | 3.150% | 12/14/25 | 330 | 315 | ||
Visa Inc. | 1.900% | 4/15/27 | 230 | 206 | ||
Visa Inc. | 2.750% | 9/15/27 | 170 | 157 | ||
Visa Inc. | 2.050% | 4/15/30 | 150 | 127 | ||
Visa Inc. | 1.100% | 2/15/31 | 90 | 69 | ||
Visa Inc. | 4.150% | 12/14/35 | 240 | 226 | ||
Visa Inc. | 2.700% | 4/15/40 | 20 | 15 | ||
Visa Inc. | 4.300% | 12/14/45 | 310 | 280 | ||
Visa Inc. | 3.650% | 9/15/47 | 175 | 145 | ||
Visa Inc. | 2.000% | 8/15/50 | 130 | 77 | ||
Wachovia Corp. | 5.500% | 8/1/35 | 225 | 222 | ||
1 | Wells Fargo & Co. | 3.300% | 9/9/24 | 115 | 112 | |
1 | Wells Fargo & Co. | 3.000% | 2/19/25 | 85 | 81 | |
1 | Wells Fargo & Co. | 3.550% | 9/29/25 | 770 | 737 | |
1 | Wells Fargo & Co. | 2.406% | 10/30/25 | 650 | 617 | |
1 | Wells Fargo & Co. | 2.164% | 2/11/26 | 720 | 674 | |
Wells Fargo & Co. | 3.000% | 4/22/26 | 50 | 47 | ||
1 | Wells Fargo & Co. | 4.100% | 6/3/26 | 125 | 120 | |
1 | Wells Fargo & Co. | 4.540% | 8/15/26 | 140 | 137 | |
1 | Wells Fargo & Co. | 3.196% | 6/17/27 | 350 | 325 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Wells Fargo & Co. | 3.526% | 3/24/28 | 620 | 574 | |
1 | Wells Fargo & Co. | 3.584% | 5/22/28 | 130 | 120 | |
1 | Wells Fargo & Co. | 2.393% | 6/2/28 | 600 | 531 | |
1 | Wells Fargo & Co. | 4.808% | 7/25/28 | 445 | 433 | |
1 | Wells Fargo & Co. | 2.879% | 10/30/30 | 450 | 383 | |
1 | Wells Fargo & Co. | 2.572% | 2/11/31 | 305 | 254 | |
1 | Wells Fargo & Co. | 4.478% | 4/4/31 | 325 | 305 | |
1 | Wells Fargo & Co. | 3.350% | 3/2/33 | 425 | 359 | |
1 | Wells Fargo & Co. | 4.897% | 7/25/33 | 495 | 472 | |
1 | Wells Fargo & Co. | 3.068% | 4/30/41 | 375 | 273 | |
Wells Fargo & Co. | 5.375% | 11/2/43 | 235 | 222 | ||
Wells Fargo & Co. | 5.606% | 1/15/44 | 220 | 214 | ||
1 | Wells Fargo & Co. | 4.650% | 11/4/44 | 180 | 154 | |
1 | Wells Fargo & Co. | 4.900% | 11/17/45 | 250 | 221 | |
1 | Wells Fargo & Co. | 4.400% | 6/14/46 | 210 | 172 | |
1 | Wells Fargo & Co. | 4.750% | 12/7/46 | 145 | 124 | |
1 | Wells Fargo & Co. | 5.013% | 4/4/51 | 510 | 470 | |
1 | Wells Fargo & Co. | 4.611% | 4/25/53 | 470 | 407 | |
1 | Wells Fargo Bank NA | 6.600% | 1/15/38 | 210 | 228 | |
Westpac Banking Corp. | 5.350% | 10/18/24 | 110 | 110 | ||
Westpac Banking Corp. | 1.019% | 11/18/24 | 80 | 75 | ||
Westpac Banking Corp. | 2.350% | 2/19/25 | 90 | 85 | ||
Westpac Banking Corp. | 2.850% | 5/13/26 | 205 | 191 | ||
Westpac Banking Corp. | 1.150% | 6/3/26 | 100 | 88 | ||
Westpac Banking Corp. | 2.700% | 8/19/26 | 80 | 74 | ||
Westpac Banking Corp. | 3.350% | 3/8/27 | 135 | 127 | ||
Westpac Banking Corp. | 5.457% | 11/18/27 | 300 | 305 | ||
Westpac Banking Corp. | 3.400% | 1/25/28 | 50 | 46 | ||
Westpac Banking Corp. | 1.953% | 11/20/28 | 240 | 205 | ||
Westpac Banking Corp. | 2.650% | 1/16/30 | 45 | 39 | ||
1 | Westpac Banking Corp. | 2.894% | 2/4/30 | 140 | 130 | |
Westpac Banking Corp. | 2.150% | 6/3/31 | 80 | 67 | ||
1 | Westpac Banking Corp. | 4.322% | 11/23/31 | 205 | 193 | |
Westpac Banking Corp. | 5.405% | 8/10/33 | 65 | 62 | ||
Westpac Banking Corp. | 4.110% | 7/24/34 | 125 | 110 | ||
Westpac Banking Corp. | 2.668% | 11/15/35 | 165 | 127 | ||
Westpac Banking Corp. | 3.020% | 11/18/36 | 125 | 96 | ||
Westpac Banking Corp. | 4.421% | 7/24/39 | 110 | 93 | ||
Westpac Banking Corp. | 2.963% | 11/16/40 | 90 | 61 | ||
Westpac Banking Corp. | 3.133% | 11/18/41 | 100 | 69 | ||
Willis North America Inc. | 4.650% | 6/15/27 | 125 | 121 | ||
156,554 | ||||||
Health Care (14.7%) | ||||||
Abbott Laboratories | 2.950% | 3/15/25 | 170 | 163 | ||
Abbott Laboratories | 3.750% | 11/30/26 | 130 | 126 | ||
4 | Abbott Laboratories | 4.750% | 11/30/36 | 85 | 85 | |
Abbott Laboratories | 4.900% | 11/30/46 | 295 | 290 | ||
AbbVie Inc. | 2.600% | 11/21/24 | 470 | 448 | ||
AbbVie Inc. | 3.800% | 3/15/25 | 290 | 281 | ||
AbbVie Inc. | 3.600% | 5/14/25 | 402 | 387 | ||
AbbVie Inc. | 3.200% | 5/14/26 | 280 | 263 | ||
AbbVie Inc. | 2.950% | 11/21/26 | 200 | 185 | ||
AbbVie Inc. | 4.250% | 11/14/28 | 180 | 172 | ||
AbbVie Inc. | 3.200% | 11/21/29 | 520 | 460 | ||
AbbVie Inc. | 4.550% | 3/15/35 | 255 | 237 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
AbbVie Inc. | 4.500% | 5/14/35 | 310 | 287 | ||
AbbVie Inc. | 4.300% | 5/14/36 | 230 | 207 | ||
AbbVie Inc. | 4.050% | 11/21/39 | 195 | 165 | ||
AbbVie Inc. | 4.400% | 11/6/42 | 260 | 226 | ||
AbbVie Inc. | 4.850% | 6/15/44 | 125 | 114 | ||
AbbVie Inc. | 4.750% | 3/15/45 | 140 | 125 | ||
AbbVie Inc. | 4.700% | 5/14/45 | 380 | 337 | ||
AbbVie Inc. | 4.450% | 5/14/46 | 325 | 278 | ||
AbbVie Inc. | 4.875% | 11/14/48 | 155 | 142 | ||
AbbVie Inc. | 4.250% | 11/21/49 | 435 | 362 | ||
Aetna Inc. | 3.500% | 11/15/24 | 90 | 87 | ||
Aetna Inc. | 6.625% | 6/15/36 | 90 | 97 | ||
Aetna Inc. | 3.875% | 8/15/47 | 100 | 75 | ||
Agilent Technologies Inc. | 2.300% | 3/12/31 | 95 | 77 | ||
AmerisourceBergen Corp. | 3.450% | 12/15/27 | 140 | 130 | ||
AmerisourceBergen Corp. | 2.700% | 3/15/31 | 75 | 62 | ||
Amgen Inc. | 3.625% | 5/22/24 | 150 | 147 | ||
Amgen Inc. | 3.125% | 5/1/25 | 110 | 105 | ||
Amgen Inc. | 2.600% | 8/19/26 | 185 | 170 | ||
Amgen Inc. | 2.200% | 2/21/27 | 265 | 238 | ||
Amgen Inc. | 3.200% | 11/2/27 | 160 | 148 | ||
3 | Amgen Inc. | 5.150% | 3/2/28 | 475 | 473 | |
Amgen Inc. | 1.650% | 8/15/28 | 75 | 63 | ||
Amgen Inc. | 3.000% | 2/22/29 | 105 | 93 | ||
Amgen Inc. | 4.050% | 8/18/29 | 105 | 98 | ||
Amgen Inc. | 2.450% | 2/21/30 | 145 | 122 | ||
3 | Amgen Inc. | 5.250% | 3/2/30 | 425 | 423 | |
Amgen Inc. | 2.300% | 2/25/31 | 150 | 122 | ||
Amgen Inc. | 2.000% | 1/15/32 | 115 | 89 | ||
Amgen Inc. | 3.350% | 2/22/32 | 40 | 35 | ||
Amgen Inc. | 4.200% | 3/1/33 | 50 | 46 | ||
3 | Amgen Inc. | 5.250% | 3/2/33 | 600 | 596 | |
Amgen Inc. | 3.150% | 2/21/40 | 200 | 147 | ||
Amgen Inc. | 2.800% | 8/15/41 | 130 | 89 | ||
Amgen Inc. | 4.400% | 5/1/45 | 330 | 276 | ||
Amgen Inc. | 4.563% | 6/15/48 | 195 | 168 | ||
Amgen Inc. | 3.375% | 2/21/50 | 175 | 122 | ||
Amgen Inc. | 4.663% | 6/15/51 | 360 | 311 | ||
Amgen Inc. | 3.000% | 1/15/52 | 170 | 109 | ||
Amgen Inc. | 4.200% | 2/22/52 | 150 | 121 | ||
3 | Amgen Inc. | 5.650% | 3/2/53 | 500 | 496 | |
Amgen Inc. | 2.770% | 9/1/53 | 220 | 133 | ||
Amgen Inc. | 4.400% | 2/22/62 | 40 | 32 | ||
3 | Amgen Inc. | 5.750% | 3/2/63 | 300 | 296 | |
AstraZeneca Finance LLC | 0.700% | 5/28/24 | 180 | 170 | ||
AstraZeneca Finance LLC | 1.200% | 5/28/26 | 85 | 75 | ||
3 | AstraZeneca Finance LLC | 4.875% | 3/3/28 | 100 | 100 | |
AstraZeneca Finance LLC | 1.750% | 5/28/28 | 145 | 124 | ||
AstraZeneca Finance LLC | 2.250% | 5/28/31 | 70 | 58 | ||
AstraZeneca plc | 3.375% | 11/16/25 | 150 | 144 | ||
AstraZeneca plc | 0.700% | 4/8/26 | 125 | 110 | ||
AstraZeneca plc | 3.125% | 6/12/27 | 125 | 117 | ||
AstraZeneca plc | 4.000% | 1/17/29 | 110 | 105 | ||
AstraZeneca plc | 1.375% | 8/6/30 | 100 | 79 | ||
AstraZeneca plc | 6.450% | 9/15/37 | 255 | 288 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
AstraZeneca plc | 4.000% | 9/18/42 | 145 | 127 | ||
AstraZeneca plc | 4.375% | 11/16/45 | 100 | 91 | ||
AstraZeneca plc | 4.375% | 8/17/48 | 87 | 79 | ||
AstraZeneca plc | 3.000% | 5/28/51 | 110 | 79 | ||
Baxalta Inc. | 4.000% | 6/23/25 | 155 | 150 | ||
Baxter International Inc. | 1.322% | 11/29/24 | 125 | 116 | ||
Baxter International Inc. | 2.600% | 8/15/26 | 106 | 96 | ||
Baxter International Inc. | 1.915% | 2/1/27 | 165 | 144 | ||
Baxter International Inc. | 2.272% | 12/1/28 | 95 | 80 | ||
Baxter International Inc. | 2.539% | 2/1/32 | 210 | 163 | ||
Baxter International Inc. | 3.132% | 12/1/51 | 55 | 33 | ||
Becton Dickinson & Co. | 3.363% | 6/6/24 | 57 | 56 | ||
Becton Dickinson & Co. | 3.734% | 12/15/24 | 100 | 97 | ||
Becton Dickinson & Co. | 3.700% | 6/6/27 | 169 | 159 | ||
Becton Dickinson & Co. | 2.823% | 5/20/30 | 120 | 103 | ||
Becton Dickinson & Co. | 1.957% | 2/11/31 | 145 | 114 | ||
Becton Dickinson & Co. | 4.685% | 12/15/44 | 55 | 49 | ||
Becton Dickinson & Co. | 4.669% | 6/6/47 | 170 | 149 | ||
Biogen Inc. | 4.050% | 9/15/25 | 55 | 53 | ||
Biogen Inc. | 2.250% | 5/1/30 | 475 | 385 | ||
Biogen Inc. | 3.150% | 5/1/50 | 140 | 93 | ||
Bio-Rad Laboratories Inc. | 3.700% | 3/15/32 | 105 | 92 | ||
Boston Scientific Corp. | 2.650% | 6/1/30 | 185 | 158 | ||
Bristol-Myers Squibb Co. | 2.900% | 7/26/24 | 225 | 218 | ||
Bristol-Myers Squibb Co. | 0.750% | 11/13/25 | 125 | 112 | ||
Bristol-Myers Squibb Co. | 3.200% | 6/15/26 | 237 | 224 | ||
Bristol-Myers Squibb Co. | 1.125% | 11/13/27 | 95 | 81 | ||
Bristol-Myers Squibb Co. | 3.900% | 2/20/28 | 125 | 120 | ||
Bristol-Myers Squibb Co. | 3.400% | 7/26/29 | 257 | 236 | ||
Bristol-Myers Squibb Co. | 1.450% | 11/13/30 | 115 | 91 | ||
Bristol-Myers Squibb Co. | 2.950% | 3/15/32 | 130 | 112 | ||
Bristol-Myers Squibb Co. | 4.125% | 6/15/39 | 190 | 170 | ||
Bristol-Myers Squibb Co. | 2.350% | 11/13/40 | 70 | 48 | ||
Bristol-Myers Squibb Co. | 3.550% | 3/15/42 | 160 | 130 | ||
Bristol-Myers Squibb Co. | 4.350% | 11/15/47 | 145 | 128 | ||
Bristol-Myers Squibb Co. | 4.550% | 2/20/48 | 157 | 143 | ||
Bristol-Myers Squibb Co. | 4.250% | 10/26/49 | 390 | 337 | ||
Bristol-Myers Squibb Co. | 2.550% | 11/13/50 | 105 | 66 | ||
Bristol-Myers Squibb Co. | 3.700% | 3/15/52 | 205 | 162 | ||
Bristol-Myers Squibb Co. | 3.900% | 3/15/62 | 140 | 110 | ||
Cardinal Health Inc. | 3.079% | 6/15/24 | 110 | 107 | ||
Cardinal Health Inc. | 3.410% | 6/15/27 | 10 | 9 | ||
Centene Corp. | 2.450% | 7/15/28 | 300 | 252 | ||
Centene Corp. | 4.625% | 12/15/29 | 80 | 73 | ||
Centene Corp. | 3.375% | 2/15/30 | 620 | 525 | ||
Centene Corp. | 2.500% | 3/1/31 | 25 | 20 | ||
Centene Corp. | 2.625% | 8/1/31 | 475 | 371 | ||
1 | Cigna Group | 3.250% | 4/15/25 | 145 | 139 | |
Cigna Group | 4.125% | 11/15/25 | 110 | 107 | ||
1 | Cigna Group | 4.500% | 2/25/26 | 222 | 217 | |
Cigna Group | 1.250% | 3/15/26 | 145 | 129 | ||
1 | Cigna Group | 3.400% | 3/1/27 | 75 | 70 | |
Cigna Group | 4.375% | 10/15/28 | 295 | 283 | ||
Cigna Group | 2.400% | 3/15/30 | 231 | 193 | ||
Cigna Group | 2.375% | 3/15/31 | 195 | 159 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Cigna Group | 4.800% | 8/15/38 | 220 | 202 | ||
Cigna Group | 3.200% | 3/15/40 | 50 | 37 | ||
1 | Cigna Group | 4.800% | 7/15/46 | 150 | 132 | |
1 | Cigna Group | 3.875% | 10/15/47 | 135 | 103 | |
Cigna Group | 4.900% | 12/15/48 | 275 | 247 | ||
Cigna Group | 3.400% | 3/15/50 | 170 | 120 | ||
Cigna Group | 3.400% | 3/15/51 | 165 | 116 | ||
CVS Health Corp. | 2.625% | 8/15/24 | 75 | 72 | ||
CVS Health Corp. | 4.100% | 3/25/25 | 100 | 98 | ||
CVS Health Corp. | 3.875% | 7/20/25 | 310 | 300 | ||
CVS Health Corp. | 2.875% | 6/1/26 | 200 | 186 | ||
CVS Health Corp. | 3.000% | 8/15/26 | 175 | 163 | ||
CVS Health Corp. | 3.625% | 4/1/27 | 170 | 160 | ||
CVS Health Corp. | 1.300% | 8/21/27 | 185 | 156 | ||
CVS Health Corp. | 4.300% | 3/25/28 | 245 | 234 | ||
CVS Health Corp. | 3.250% | 8/15/29 | 270 | 238 | ||
CVS Health Corp. | 3.750% | 4/1/30 | 230 | 208 | ||
CVS Health Corp. | 1.750% | 8/21/30 | 190 | 148 | ||
CVS Health Corp. | 1.875% | 2/28/31 | 85 | 66 | ||
CVS Health Corp. | 2.125% | 9/15/31 | 50 | 39 | ||
CVS Health Corp. | 5.250% | 2/21/33 | 500 | 492 | ||
CVS Health Corp. | 4.780% | 3/25/38 | 535 | 486 | ||
CVS Health Corp. | 4.125% | 4/1/40 | 125 | 102 | ||
CVS Health Corp. | 2.700% | 8/21/40 | 160 | 108 | ||
CVS Health Corp. | 5.300% | 12/5/43 | 60 | 56 | ||
CVS Health Corp. | 5.125% | 7/20/45 | 345 | 311 | ||
CVS Health Corp. | 5.050% | 3/25/48 | 865 | 775 | ||
CVS Health Corp. | 4.250% | 4/1/50 | 70 | 56 | ||
Danaher Corp. | 2.600% | 10/1/50 | 145 | 92 | ||
Danaher Corp. | 2.800% | 12/10/51 | 20 | 13 | ||
DENTSPLY SIRONA Inc. | 3.250% | 6/1/30 | 45 | 38 | ||
DH Europe Finance II Sarl | 2.600% | 11/15/29 | 100 | 86 | ||
DH Europe Finance II Sarl | 3.250% | 11/15/39 | 115 | 92 | ||
DH Europe Finance II Sarl | 3.400% | 11/15/49 | 115 | 87 | ||
Elevance Health Inc. | 3.500% | 8/15/24 | 75 | 73 | ||
Elevance Health Inc. | 3.350% | 12/1/24 | 95 | 92 | ||
Elevance Health Inc. | 2.375% | 1/15/25 | 150 | 142 | ||
Elevance Health Inc. | 1.500% | 3/15/26 | 50 | 45 | ||
Elevance Health Inc. | 3.650% | 12/1/27 | 122 | 114 | ||
Elevance Health Inc. | 4.101% | 3/1/28 | 145 | 138 | ||
Elevance Health Inc. | 2.875% | 9/15/29 | 110 | 96 | ||
Elevance Health Inc. | 2.250% | 5/15/30 | 135 | 111 | ||
Elevance Health Inc. | 2.550% | 3/15/31 | 70 | 58 | ||
Elevance Health Inc. | 4.750% | 2/15/33 | 80 | 77 | ||
Elevance Health Inc. | 4.625% | 5/15/42 | 140 | 126 | ||
Elevance Health Inc. | 4.650% | 1/15/43 | 145 | 130 | ||
Elevance Health Inc. | 4.650% | 8/15/44 | 100 | 88 | ||
Elevance Health Inc. | 4.375% | 12/1/47 | 205 | 173 | ||
Elevance Health Inc. | 4.550% | 3/1/48 | 55 | 47 | ||
Elevance Health Inc. | 3.700% | 9/15/49 | 95 | 72 | ||
Elevance Health Inc. | 3.125% | 5/15/50 | 90 | 62 | ||
Elevance Health Inc. | 3.600% | 3/15/51 | 115 | 86 | ||
Elevance Health Inc. | 6.100% | 10/15/52 | 35 | 37 | ||
Elevance Health Inc. | 5.125% | 2/15/53 | 80 | 76 | ||
Eli Lilly & Co. | 3.375% | 3/15/29 | 77 | 71 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Eli Lilly & Co. | 2.250% | 5/15/50 | 166 | 104 | ||
Eli Lilly & Co. | 4.875% | 2/27/53 | 300 | 299 | ||
Eli Lilly & Co. | 2.500% | 9/15/60 | 130 | 79 | ||
2 | GE HealthCare Technologies Inc. | 5.650% | 11/15/27 | 400 | 405 | |
2 | GE HealthCare Technologies Inc. | 6.377% | 11/22/52 | 200 | 216 | |
Gilead Sciences Inc. | 3.700% | 4/1/24 | 275 | 270 | ||
Gilead Sciences Inc. | 3.500% | 2/1/25 | 130 | 126 | ||
Gilead Sciences Inc. | 3.650% | 3/1/26 | 110 | 105 | ||
Gilead Sciences Inc. | 2.950% | 3/1/27 | 125 | 116 | ||
Gilead Sciences Inc. | 1.200% | 10/1/27 | 160 | 135 | ||
Gilead Sciences Inc. | 1.650% | 10/1/30 | 135 | 107 | ||
Gilead Sciences Inc. | 4.600% | 9/1/35 | 130 | 123 | ||
Gilead Sciences Inc. | 4.000% | 9/1/36 | 90 | 79 | ||
Gilead Sciences Inc. | 2.600% | 10/1/40 | 60 | 42 | ||
Gilead Sciences Inc. | 5.650% | 12/1/41 | 85 | 87 | ||
Gilead Sciences Inc. | 4.800% | 4/1/44 | 220 | 203 | ||
Gilead Sciences Inc. | 4.500% | 2/1/45 | 150 | 132 | ||
Gilead Sciences Inc. | 4.750% | 3/1/46 | 240 | 217 | ||
Gilead Sciences Inc. | 4.150% | 3/1/47 | 185 | 155 | ||
Gilead Sciences Inc. | 2.800% | 10/1/50 | 155 | 101 | ||
GlaxoSmithKline Capital Inc. | 3.625% | 5/15/25 | 110 | 107 | ||
GlaxoSmithKline Capital Inc. | 3.875% | 5/15/28 | 165 | 157 | ||
GlaxoSmithKline Capital Inc. | 6.375% | 5/15/38 | 280 | 316 | ||
GlaxoSmithKline Capital plc | 3.000% | 6/1/24 | 155 | 151 | ||
GlaxoSmithKline Capital plc | 3.375% | 6/1/29 | 90 | 82 | ||
HCA Inc. | 5.000% | 3/15/24 | 150 | 149 | ||
HCA Inc. | 5.375% | 2/1/25 | 275 | 272 | ||
HCA Inc. | 5.250% | 4/15/25 | 190 | 188 | ||
HCA Inc. | 5.875% | 2/15/26 | 145 | 145 | ||
HCA Inc. | 5.250% | 6/15/26 | 145 | 143 | ||
HCA Inc. | 5.375% | 9/1/26 | 100 | 99 | ||
HCA Inc. | 4.500% | 2/15/27 | 95 | 91 | ||
2 | HCA Inc. | 3.125% | 3/15/27 | 185 | 168 | |
HCA Inc. | 5.625% | 9/1/28 | 100 | 99 | ||
HCA Inc. | 5.875% | 2/1/29 | 125 | 125 | ||
HCA Inc. | 4.125% | 6/15/29 | 200 | 182 | ||
HCA Inc. | 3.500% | 9/1/30 | 340 | 292 | ||
HCA Inc. | 2.375% | 7/15/31 | 95 | 74 | ||
2 | HCA Inc. | 3.625% | 3/15/32 | 195 | 165 | |
HCA Inc. | 5.125% | 6/15/39 | 120 | 107 | ||
HCA Inc. | 5.500% | 6/15/47 | 160 | 144 | ||
HCA Inc. | 5.250% | 6/15/49 | 175 | 151 | ||
HCA Inc. | 3.500% | 7/15/51 | 165 | 108 | ||
2 | HCA Inc. | 4.625% | 3/15/52 | 205 | 161 | |
Humana Inc. | 1.350% | 2/3/27 | 115 | 99 | ||
Humana Inc. | 3.700% | 3/23/29 | 40 | 36 | ||
Humana Inc. | 2.150% | 2/3/32 | 85 | 66 | ||
Humana Inc. | 4.950% | 10/1/44 | 108 | 97 | ||
Johnson & Johnson | 2.625% | 1/15/25 | 60 | 58 | ||
Johnson & Johnson | 0.550% | 9/1/25 | 90 | 81 | ||
Johnson & Johnson | 2.450% | 3/1/26 | 250 | 234 | ||
Johnson & Johnson | 2.950% | 3/3/27 | 115 | 108 | ||
Johnson & Johnson | 2.900% | 1/15/28 | 215 | 200 | ||
Johnson & Johnson | 1.300% | 9/1/30 | 150 | 120 | ||
Johnson & Johnson | 4.375% | 12/5/33 | 170 | 168 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Johnson & Johnson | 3.550% | 3/1/36 | 80 | 71 | ||
Johnson & Johnson | 3.625% | 3/3/37 | 180 | 159 | ||
Johnson & Johnson | 5.950% | 8/15/37 | 90 | 100 | ||
Johnson & Johnson | 3.400% | 1/15/38 | 100 | 85 | ||
Johnson & Johnson | 2.100% | 9/1/40 | 120 | 82 | ||
Johnson & Johnson | 3.700% | 3/1/46 | 220 | 185 | ||
Johnson & Johnson | 3.750% | 3/3/47 | 75 | 64 | ||
Johnson & Johnson | 3.500% | 1/15/48 | 70 | 58 | ||
Johnson & Johnson | 2.250% | 9/1/50 | 100 | 63 | ||
Johnson & Johnson | 2.450% | 9/1/60 | 140 | 86 | ||
Laboratory Corp. of America Holdings | 3.600% | 2/1/25 | 135 | 130 | ||
Laboratory Corp. of America Holdings | 4.700% | 2/1/45 | 95 | 81 | ||
McKesson Corp. | 3.796% | 3/15/24 | 135 | 133 | ||
Medtronic Inc. | 4.375% | 3/15/35 | 205 | 194 | ||
Medtronic Inc. | 4.625% | 3/15/45 | 195 | 182 | ||
Merck & Co. Inc. | 2.900% | 3/7/24 | 70 | 68 | ||
Merck & Co. Inc. | 2.750% | 2/10/25 | 255 | 245 | ||
Merck & Co. Inc. | 0.750% | 2/24/26 | 165 | 146 | ||
Merck & Co. Inc. | 1.700% | 6/10/27 | 215 | 190 | ||
Merck & Co. Inc. | 1.900% | 12/10/28 | 75 | 64 | ||
Merck & Co. Inc. | 3.400% | 3/7/29 | 130 | 121 | ||
Merck & Co. Inc. | 1.450% | 6/24/30 | 140 | 112 | ||
Merck & Co. Inc. | 2.150% | 12/10/31 | 205 | 167 | ||
Merck & Co. Inc. | 3.900% | 3/7/39 | 80 | 70 | ||
Merck & Co. Inc. | 2.350% | 6/24/40 | 115 | 80 | ||
Merck & Co. Inc. | 4.150% | 5/18/43 | 140 | 125 | ||
Merck & Co. Inc. | 3.700% | 2/10/45 | 245 | 201 | ||
Merck & Co. Inc. | 4.000% | 3/7/49 | 115 | 98 | ||
Merck & Co. Inc. | 2.450% | 6/24/50 | 140 | 89 | ||
Merck & Co. Inc. | 2.750% | 12/10/51 | 270 | 180 | ||
Merck & Co. Inc. | 2.900% | 12/10/61 | 140 | 90 | ||
Mylan Inc. | 4.550% | 4/15/28 | 125 | 117 | ||
Mylan Inc. | 5.200% | 4/15/48 | 210 | 160 | ||
Novartis Capital Corp. | 3.400% | 5/6/24 | 245 | 240 | ||
Novartis Capital Corp. | 1.750% | 2/14/25 | 35 | 33 | ||
Novartis Capital Corp. | 3.000% | 11/20/25 | 145 | 138 | ||
Novartis Capital Corp. | 2.000% | 2/14/27 | 205 | 186 | ||
Novartis Capital Corp. | 3.100% | 5/17/27 | 200 | 188 | ||
Novartis Capital Corp. | 2.200% | 8/14/30 | 185 | 156 | ||
Novartis Capital Corp. | 4.400% | 5/6/44 | 220 | 204 | ||
Novartis Capital Corp. | 4.000% | 11/20/45 | 110 | 96 | ||
Novartis Capital Corp. | 2.750% | 8/14/50 | 80 | 56 | ||
PerkinElmer Inc. | 0.850% | 9/15/24 | 60 | 56 | ||
PerkinElmer Inc. | 3.300% | 9/15/29 | 85 | 73 | ||
Pfizer Inc. | 2.950% | 3/15/24 | 75 | 73 | ||
Pfizer Inc. | 3.400% | 5/15/24 | 100 | 98 | ||
Pfizer Inc. | 0.800% | 5/28/25 | 100 | 92 | ||
Pfizer Inc. | 2.750% | 6/3/26 | 60 | 56 | ||
Pfizer Inc. | 3.000% | 12/15/26 | 190 | 179 | ||
Pfizer Inc. | 3.600% | 9/15/28 | 85 | 81 | ||
Pfizer Inc. | 3.450% | 3/15/29 | 200 | 186 | ||
Pfizer Inc. | 2.625% | 4/1/30 | 138 | 120 | ||
Pfizer Inc. | 1.700% | 5/28/30 | 70 | 57 | ||
Pfizer Inc. | 1.750% | 8/18/31 | 245 | 195 | ||
Pfizer Inc. | 4.000% | 12/15/36 | 170 | 155 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Pfizer Inc. | 3.900% | 3/15/39 | 70 | 61 | ||
Pfizer Inc. | 7.200% | 3/15/39 | 50 | 61 | ||
Pfizer Inc. | 2.550% | 5/28/40 | 140 | 101 | ||
Pfizer Inc. | 4.300% | 6/15/43 | 105 | 95 | ||
Pfizer Inc. | 4.400% | 5/15/44 | 140 | 129 | ||
Pfizer Inc. | 4.125% | 12/15/46 | 140 | 123 | ||
Pfizer Inc. | 4.200% | 9/15/48 | 130 | 116 | ||
Pfizer Inc. | 4.000% | 3/15/49 | 110 | 95 | ||
Pfizer Inc. | 2.700% | 5/28/50 | 130 | 89 | ||
1 | Providence St. Joseph Health Obligated Group | 2.700% | 10/1/51 | 50 | 30 | |
Quest Diagnostics Inc. | 2.950% | 6/30/30 | 100 | 86 | ||
Regeneron Pharmaceuticals Inc. | 1.750% | 9/15/30 | 130 | 101 | ||
Regeneron Pharmaceuticals Inc. | 2.800% | 9/15/50 | 90 | 56 | ||
Royalty Pharma plc | 1.200% | 9/2/25 | 115 | 103 | ||
Royalty Pharma plc | 1.750% | 9/2/27 | 145 | 123 | ||
Royalty Pharma plc | 2.200% | 9/2/30 | 85 | 67 | ||
Royalty Pharma plc | 3.300% | 9/2/40 | 80 | 56 | ||
Royalty Pharma plc | 3.550% | 9/2/50 | 120 | 78 | ||
Sanofi | 3.625% | 6/19/28 | 110 | 104 | ||
Shire Acquisitions Investments Ireland DAC | 3.200% | 9/23/26 | 210 | 195 | ||
Smith & Nephew plc | 2.032% | 10/14/30 | 110 | 87 | ||
Stryker Corp. | 3.375% | 11/1/25 | 355 | 339 | ||
Stryker Corp. | 3.500% | 3/15/26 | 85 | 81 | ||
Stryker Corp. | 1.950% | 6/15/30 | 35 | 28 | ||
Takeda Pharmaceutical Co. Ltd. | 5.000% | 11/26/28 | 250 | 247 | ||
Takeda Pharmaceutical Co. Ltd. | 2.050% | 3/31/30 | 300 | 245 | ||
Takeda Pharmaceutical Co. Ltd. | 3.025% | 7/9/40 | 205 | 151 | ||
Takeda Pharmaceutical Co. Ltd. | 3.175% | 7/9/50 | 215 | 147 | ||
Takeda Pharmaceutical Co. Ltd. | 3.375% | 7/9/60 | 70 | 47 | ||
Thermo Fisher Scientific Inc. | 1.215% | 10/18/24 | 280 | 262 | ||
Thermo Fisher Scientific Inc. | 2.600% | 10/1/29 | 110 | 95 | ||
Thermo Fisher Scientific Inc. | 2.000% | 10/15/31 | 230 | 184 | ||
Thermo Fisher Scientific Inc. | 2.800% | 10/15/41 | 165 | 119 | ||
UnitedHealth Group Inc. | 0.550% | 5/15/24 | 120 | 113 | ||
UnitedHealth Group Inc. | 2.375% | 8/15/24 | 65 | 62 | ||
UnitedHealth Group Inc. | 3.750% | 7/15/25 | 210 | 204 | ||
UnitedHealth Group Inc. | 5.150% | 10/15/25 | 90 | 90 | ||
UnitedHealth Group Inc. | 3.100% | 3/15/26 | 200 | 190 | ||
UnitedHealth Group Inc. | 1.150% | 5/15/26 | 100 | 89 | ||
UnitedHealth Group Inc. | 3.450% | 1/15/27 | 25 | 24 | ||
UnitedHealth Group Inc. | 2.950% | 10/15/27 | 145 | 133 | ||
UnitedHealth Group Inc. | 5.250% | 2/15/28 | 80 | 81 | ||
UnitedHealth Group Inc. | 3.850% | 6/15/28 | 145 | 138 | ||
UnitedHealth Group Inc. | 3.875% | 12/15/28 | 105 | 99 | ||
UnitedHealth Group Inc. | 4.000% | 5/15/29 | 25 | 24 | ||
UnitedHealth Group Inc. | 5.300% | 2/15/30 | 50 | 51 | ||
UnitedHealth Group Inc. | 2.000% | 5/15/30 | 150 | 123 | ||
UnitedHealth Group Inc. | 2.300% | 5/15/31 | 190 | 157 | ||
UnitedHealth Group Inc. | 4.200% | 5/15/32 | 105 | 99 | ||
UnitedHealth Group Inc. | 5.350% | 2/15/33 | 80 | 82 | ||
UnitedHealth Group Inc. | 4.625% | 7/15/35 | 160 | 153 | ||
UnitedHealth Group Inc. | 5.800% | 3/15/36 | 127 | 133 | ||
UnitedHealth Group Inc. | 6.875% | 2/15/38 | 235 | 272 | ||
UnitedHealth Group Inc. | 3.500% | 8/15/39 | 90 | 74 | ||
UnitedHealth Group Inc. | 3.050% | 5/15/41 | 75 | 56 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
UnitedHealth Group Inc. | 4.250% | 3/15/43 | 35 | 31 | ||
UnitedHealth Group Inc. | 4.750% | 7/15/45 | 215 | 201 | ||
UnitedHealth Group Inc. | 4.200% | 1/15/47 | 155 | 134 | ||
UnitedHealth Group Inc. | 3.750% | 10/15/47 | 165 | 132 | ||
UnitedHealth Group Inc. | 4.250% | 6/15/48 | 185 | 160 | ||
UnitedHealth Group Inc. | 4.450% | 12/15/48 | 150 | 133 | ||
UnitedHealth Group Inc. | 3.700% | 8/15/49 | 80 | 63 | ||
UnitedHealth Group Inc. | 2.900% | 5/15/50 | 50 | 34 | ||
UnitedHealth Group Inc. | 3.250% | 5/15/51 | 225 | 161 | ||
UnitedHealth Group Inc. | 4.750% | 5/15/52 | 150 | 138 | ||
UnitedHealth Group Inc. | 5.875% | 2/15/53 | 155 | 167 | ||
UnitedHealth Group Inc. | 3.875% | 8/15/59 | 35 | 27 | ||
UnitedHealth Group Inc. | 3.125% | 5/15/60 | 65 | 44 | ||
UnitedHealth Group Inc. | 4.950% | 5/15/62 | 235 | 221 | ||
UnitedHealth Group Inc. | 6.050% | 2/15/63 | 250 | 273 | ||
Utah Acquisition Sub Inc. | 3.950% | 6/15/26 | 115 | 108 | ||
Utah Acquisition Sub Inc. | 5.250% | 6/15/46 | 150 | 117 | ||
Viatris Inc. | 1.650% | 6/22/25 | 175 | 159 | ||
Viatris Inc. | 2.700% | 6/22/30 | 105 | 83 | ||
Viatris Inc. | 3.850% | 6/22/40 | 70 | 48 | ||
Viatris Inc. | 4.000% | 6/22/50 | 105 | 68 | ||
Wyeth LLC | 6.500% | 2/1/34 | 155 | 173 | ||
Wyeth LLC | 5.950% | 4/1/37 | 240 | 258 | ||
Zimmer Biomet Holdings Inc. | 1.450% | 11/22/24 | 155 | 145 | ||
Zimmer Biomet Holdings Inc. | 3.550% | 4/1/25 | 50 | 48 | ||
Zimmer Biomet Holdings Inc. | 2.600% | 11/24/31 | 90 | 73 | ||
Zoetis Inc. | 4.500% | 11/13/25 | 100 | 98 | ||
Zoetis Inc. | 3.000% | 9/12/27 | 60 | 55 | ||
Zoetis Inc. | 2.000% | 5/15/30 | 80 | 66 | ||
Zoetis Inc. | 4.700% | 2/1/43 | 170 | 153 | ||
52,724 | ||||||
Industrials (1.7%) | ||||||
Amphenol Corp. | 2.800% | 2/15/30 | 130 | 112 | ||
Amphenol Corp. | 2.200% | 9/15/31 | 50 | 40 | ||
Carrier Global Corp. | 2.242% | 2/15/25 | 150 | 141 | ||
Carrier Global Corp. | 2.493% | 2/15/27 | 125 | 113 | ||
Carrier Global Corp. | 2.722% | 2/15/30 | 150 | 127 | ||
Carrier Global Corp. | 2.700% | 2/15/31 | 20 | 17 | ||
Carrier Global Corp. | 3.377% | 4/5/40 | 125 | 94 | ||
Carrier Global Corp. | 3.577% | 4/5/50 | 260 | 187 | ||
Deere & Co. | 3.900% | 6/9/42 | 125 | 110 | ||
Deere & Co. | 3.750% | 4/15/50 | 80 | 68 | ||
FedEx Corp. | 3.250% | 4/1/26 | 105 | 99 | ||
FedEx Corp. | 3.100% | 8/5/29 | 45 | 40 | ||
FedEx Corp. | 4.250% | 5/15/30 | 145 | 136 | ||
FedEx Corp. | 2.400% | 5/15/31 | 35 | 28 | ||
FedEx Corp. | 3.250% | 5/15/41 | 125 | 90 | ||
FedEx Corp. | 5.100% | 1/15/44 | 50 | 45 | ||
FedEx Corp. | 4.750% | 11/15/45 | 130 | 111 | ||
FedEx Corp. | 4.550% | 4/1/46 | 200 | 165 | ||
FedEx Corp. | 4.400% | 1/15/47 | 40 | 33 | ||
FedEx Corp. | 4.050% | 2/15/48 | 115 | 88 | ||
FedEx Corp. | 4.950% | 10/17/48 | 75 | 66 | ||
FedEx Corp. | 5.250% | 5/15/50 | 110 | 102 | ||
Illinois Tool Works Inc. | 2.650% | 11/15/26 | 125 | 116 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Illinois Tool Works Inc. | 3.900% | 9/1/42 | 100 | 86 | ||
1 | John Deere Capital Corp. | 1.250% | 1/10/25 | 80 | 75 | |
1 | John Deere Capital Corp. | 3.450% | 3/13/25 | 125 | 121 | |
1 | John Deere Capital Corp. | 3.400% | 6/6/25 | 215 | 207 | |
1 | John Deere Capital Corp. | 4.050% | 9/8/25 | 75 | 74 | |
1 | John Deere Capital Corp. | 4.800% | 1/9/26 | 105 | 105 | |
1 | John Deere Capital Corp. | 0.700% | 1/15/26 | 75 | 67 | |
1 | John Deere Capital Corp. | 4.150% | 9/15/27 | 100 | 97 | |
1 | John Deere Capital Corp. | 4.750% | 1/20/28 | 105 | 104 | |
Otis Worldwide Corp. | 2.056% | 4/5/25 | 128 | 119 | ||
Otis Worldwide Corp. | 2.565% | 2/15/30 | 160 | 135 | ||
Otis Worldwide Corp. | 3.362% | 2/15/50 | 70 | 50 | ||
2 | Regal Rexnord Corp. | 6.400% | 4/15/33 | 300 | 294 | |
Republic Services Inc. | 2.500% | 8/15/24 | 80 | 77 | ||
Republic Services Inc. | 3.950% | 5/15/28 | 75 | 71 | ||
Republic Services Inc. | 1.750% | 2/15/32 | 30 | 23 | ||
Southwest Airlines Co. | 5.250% | 5/4/25 | 180 | 179 | ||
Southwest Airlines Co. | 5.125% | 6/15/27 | 280 | 276 | ||
Trane Technologies Luxembourg Finance SA | 3.800% | 3/21/29 | 70 | 64 | ||
United Parcel Service Inc. | 3.900% | 4/1/25 | 169 | 165 | ||
United Parcel Service Inc. | 3.050% | 11/15/27 | 75 | 70 | ||
United Parcel Service Inc. | 3.400% | 3/15/29 | 82 | 76 | ||
United Parcel Service Inc. | 4.450% | 4/1/30 | 67 | 66 | ||
United Parcel Service Inc. | 4.875% | 3/3/33 | 80 | 79 | ||
United Parcel Service Inc. | 6.200% | 1/15/38 | 135 | 149 | ||
United Parcel Service Inc. | 3.750% | 11/15/47 | 50 | 41 | ||
United Parcel Service Inc. | 4.250% | 3/15/49 | 75 | 66 | ||
United Parcel Service Inc. | 5.300% | 4/1/50 | 190 | 196 | ||
United Parcel Service Inc. | 5.050% | 3/3/53 | 80 | 79 | ||
Waste Connections Inc. | 4.200% | 1/15/33 | 65 | 60 | ||
Waste Connections Inc. | 2.950% | 1/15/52 | 125 | 82 | ||
Waste Management Inc. | 3.150% | 11/15/27 | 85 | 79 | ||
Waste Management Inc. | 1.500% | 3/15/31 | 70 | 54 | ||
Waste Management Inc. | 4.150% | 4/15/32 | 40 | 37 | ||
Westinghouse Air Brake Technologies Corp. | 3.450% | 11/15/26 | 80 | 74 | ||
Westinghouse Air Brake Technologies Corp. | 4.950% | 9/15/28 | 150 | 145 | ||
WW Grainger Inc. | 4.600% | 6/15/45 | 175 | 161 | ||
6,031 | ||||||
Materials (1.3%) | ||||||
Air Products and Chemicals Inc. | 2.050% | 5/15/30 | 175 | 146 | ||
Air Products and Chemicals Inc. | 2.700% | 5/15/40 | 35 | 26 | ||
Air Products and Chemicals Inc. | 2.800% | 5/15/50 | 80 | 55 | ||
AngloGold Ashanti Holdings plc | 3.375% | 11/1/28 | 60 | 52 | ||
ArcelorMittal SA | 6.550% | 11/29/27 | 100 | 102 | ||
ArcelorMittal SA | 6.800% | 11/29/32 | 100 | 101 | ||
Berry Global Inc. | 1.570% | 1/15/26 | 165 | 147 | ||
Carlisle Cos. Inc. | 2.750% | 3/1/30 | 115 | 96 | ||
Celanese US Holdings LLC | 5.900% | 7/5/24 | 120 | 120 | ||
Celanese US Holdings LLC | 6.050% | 3/15/25 | 245 | 244 | ||
Celanese US Holdings LLC | 6.165% | 7/15/27 | 200 | 198 | ||
Celanese US Holdings LLC | 6.330% | 7/15/29 | 75 | 74 | ||
Celanese US Holdings LLC | 6.379% | 7/15/32 | 95 | 92 | ||
CF Industries Inc. | 5.150% | 3/15/34 | 90 | 84 | ||
CF Industries Inc. | 4.950% | 6/1/43 | 100 | 84 | ||
CF Industries Inc. | 5.375% | 3/15/44 | 50 | 44 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
DuPont de Nemours Inc. | 4.493% | 11/15/25 | 215 | 211 | ||
DuPont de Nemours Inc. | 4.725% | 11/15/28 | 170 | 167 | ||
DuPont de Nemours Inc. | 5.319% | 11/15/38 | 180 | 175 | ||
DuPont de Nemours Inc. | 5.419% | 11/15/48 | 230 | 221 | ||
Eagle Materials Inc. | 2.500% | 7/1/31 | 100 | 78 | ||
Huntsman International LLC | 4.500% | 5/1/29 | 115 | 105 | ||
International Flavors & Fragrances Inc. | 5.000% | 9/26/48 | 60 | 50 | ||
Martin Marietta Materials Inc. | 2.400% | 7/15/31 | 110 | 88 | ||
Martin Marietta Materials Inc. | 3.200% | 7/15/51 | 100 | 68 | ||
Newmont Corp. | 2.250% | 10/1/30 | 165 | 133 | ||
Newmont Corp. | 2.600% | 7/15/32 | 110 | 88 | ||
Newmont Corp. | 6.250% | 10/1/39 | 70 | 73 | ||
Newmont Corp. | 4.875% | 3/15/42 | 105 | 96 | ||
Nutrien Ltd. | 4.200% | 4/1/29 | 120 | 113 | ||
Nutrien Ltd. | 5.000% | 4/1/49 | 84 | 76 | ||
Rio Tinto Alcan Inc. | 6.125% | 12/15/33 | 180 | 193 | ||
Sherwin-Williams Co. | 3.450% | 6/1/27 | 175 | 164 | ||
Sherwin-Williams Co. | 2.950% | 8/15/29 | 94 | 81 | ||
Sherwin-Williams Co. | 4.500% | 6/1/47 | 140 | 118 | ||
Suzano Austria GmbH | 6.000% | 1/15/29 | 215 | 212 | ||
Suzano Austria GmbH | 5.000% | 1/15/30 | 110 | 101 | ||
Suzano Austria GmbH | 3.750% | 1/15/31 | 125 | 106 | ||
1 | Suzano Austria GmbH | 3.125% | 1/15/32 | 65 | 51 | |
Vulcan Materials Co. | 3.500% | 6/1/30 | 90 | 80 | ||
WRKCo Inc. | 4.900% | 3/15/29 | 115 | 110 | ||
4,623 | ||||||
Real Estate (2.0%) | ||||||
Alexandria Real Estate Equities Inc. | 3.375% | 8/15/31 | 100 | 88 | ||
Alexandria Real Estate Equities Inc. | 2.000% | 5/18/32 | 105 | 80 | ||
Alexandria Real Estate Equities Inc. | 1.875% | 2/1/33 | 123 | 91 | ||
Alexandria Real Estate Equities Inc. | 2.950% | 3/15/34 | 60 | 48 | ||
Alexandria Real Estate Equities Inc. | 3.000% | 5/18/51 | 85 | 55 | ||
Alexandria Real Estate Equities Inc. | 3.550% | 3/15/52 | 95 | 68 | ||
American Tower Corp. | 2.400% | 3/15/25 | 100 | 94 | ||
American Tower Corp. | 4.000% | 6/1/25 | 65 | 63 | ||
American Tower Corp. | 3.375% | 10/15/26 | 85 | 79 | ||
American Tower Corp. | 2.750% | 1/15/27 | 70 | 63 | ||
American Tower Corp. | 3.550% | 7/15/27 | 65 | 60 | ||
American Tower Corp. | 3.800% | 8/15/29 | 240 | 216 | ||
American Tower Corp. | 2.900% | 1/15/30 | 70 | 59 | ||
American Tower Corp. | 2.100% | 6/15/30 | 95 | 75 | ||
American Tower Corp. | 1.875% | 10/15/30 | 120 | 93 | ||
American Tower Corp. | 3.100% | 6/15/50 | 110 | 68 | ||
American Tower Corp. | 2.950% | 1/15/51 | 105 | 63 | ||
Boston Properties LP | 3.200% | 1/15/25 | 45 | 43 | ||
Boston Properties LP | 3.650% | 2/1/26 | 170 | 161 | ||
Boston Properties LP | 2.750% | 10/1/26 | 80 | 72 | ||
Boston Properties LP | 4.500% | 12/1/28 | 105 | 98 | ||
Boston Properties LP | 3.400% | 6/21/29 | 148 | 127 | ||
Boston Properties LP | 3.250% | 1/30/31 | 120 | 100 | ||
Boston Properties LP | 2.550% | 4/1/32 | 90 | 69 | ||
Boston Properties LP | 2.450% | 10/1/33 | 100 | 73 | ||
Brixmor Operating Partnership LP | 4.125% | 5/15/29 | 85 | 77 | ||
Brixmor Operating Partnership LP | 4.050% | 7/1/30 | 155 | 137 | ||
Camden Property Trust | 2.800% | 5/15/30 | 110 | 94 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Crown Castle Inc. | 3.200% | 9/1/24 | 70 | 68 | ||
Crown Castle Inc. | 4.450% | 2/15/26 | 70 | 68 | ||
Crown Castle Inc. | 3.700% | 6/15/26 | 150 | 142 | ||
Crown Castle Inc. | 1.050% | 7/15/26 | 130 | 112 | ||
Crown Castle Inc. | 2.900% | 3/15/27 | 50 | 45 | ||
Crown Castle Inc. | 3.650% | 9/1/27 | 60 | 56 | ||
Crown Castle Inc. | 3.800% | 2/15/28 | 100 | 93 | ||
Crown Castle Inc. | 3.300% | 7/1/30 | 130 | 113 | ||
Crown Castle Inc. | 2.250% | 1/15/31 | 75 | 60 | ||
Crown Castle Inc. | 2.100% | 4/1/31 | 140 | 110 | ||
Crown Castle Inc. | 2.500% | 7/15/31 | 60 | 48 | ||
Crown Castle Inc. | 2.900% | 4/1/41 | 125 | 85 | ||
Crown Castle Inc. | 3.250% | 1/15/51 | 157 | 103 | ||
Digital Realty Trust LP | 3.700% | 8/15/27 | 110 | 102 | ||
Digital Realty Trust LP | 3.600% | 7/1/29 | 120 | 106 | ||
Equinix Inc. | 2.625% | 11/18/24 | 105 | 100 | ||
Equinix Inc. | 3.200% | 11/18/29 | 165 | 144 | ||
Equinix Inc. | 2.150% | 7/15/30 | 94 | 75 | ||
Equinix Inc. | 3.900% | 4/15/32 | 140 | 124 | ||
ERP Operating LP | 4.500% | 7/1/44 | 70 | 62 | ||
GLP Capital LP | 5.250% | 6/1/25 | 45 | 44 | ||
GLP Capital LP | 5.375% | 4/15/26 | 90 | 88 | ||
GLP Capital LP | 5.300% | 1/15/29 | 70 | 66 | ||
GLP Capital LP | 3.250% | 1/15/32 | 75 | 60 | ||
Healthcare Realty Holdings LP | 2.000% | 3/15/31 | 95 | 73 | ||
Healthpeak Properties Interim Inc. | 3.000% | 1/15/30 | 90 | 78 | ||
1 | Host Hotels & Resorts LP | 3.500% | 9/15/30 | 40 | 33 | |
Prologis LP | 2.250% | 4/15/30 | 125 | 104 | ||
Prologis LP | 1.250% | 10/15/30 | 40 | 31 | ||
Realty Income Corp. | 3.250% | 1/15/31 | 125 | 109 | ||
Realty Income Corp. | 5.625% | 10/13/32 | 75 | 76 | ||
Sabra Health Care LP | 3.200% | 12/1/31 | 80 | 59 | ||
Simon Property Group LP | 2.000% | 9/13/24 | 55 | 52 | ||
Simon Property Group LP | 3.375% | 10/1/24 | 100 | 97 | ||
Simon Property Group LP | 3.500% | 9/1/25 | 45 | 43 | ||
Simon Property Group LP | 3.300% | 1/15/26 | 220 | 209 | ||
Simon Property Group LP | 3.250% | 11/30/26 | 50 | 47 | ||
Simon Property Group LP | 3.375% | 6/15/27 | 35 | 33 | ||
Simon Property Group LP | 3.375% | 12/1/27 | 145 | 134 | ||
Simon Property Group LP | 2.450% | 9/13/29 | 140 | 117 | ||
Simon Property Group LP | 2.650% | 7/15/30 | 110 | 92 | ||
Simon Property Group LP | 3.250% | 9/13/49 | 98 | 68 | ||
Simon Property Group LP | 3.800% | 7/15/50 | 60 | 45 | ||
Sun Communities Operating LP | 2.700% | 7/15/31 | 165 | 132 | ||
Ventas Realty LP | 4.400% | 1/15/29 | 90 | 84 | ||
VICI Properties LP | 4.750% | 2/15/28 | 130 | 123 | ||
VICI Properties LP | 4.950% | 2/15/30 | 115 | 108 | ||
VICI Properties LP | 5.125% | 5/15/32 | 180 | 167 | ||
VICI Properties LP | 5.625% | 5/15/52 | 70 | 62 | ||
Welltower OP LLC | 3.625% | 3/15/24 | 165 | 162 | ||
Welltower OP LLC | 4.000% | 6/1/25 | 106 | 102 | ||
Welltower OP LLC | 4.250% | 4/15/28 | 130 | 123 | ||
Welltower OP LLC | 3.100% | 1/15/30 | 125 | 107 | ||
Welltower OP LLC | 2.800% | 6/1/31 | 10 | 8 | ||
7,166 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Technology (12.4%) | ||||||
Adobe Inc. | 3.250% | 2/1/25 | 110 | 107 | ||
Adobe Inc. | 2.150% | 2/1/27 | 115 | 105 | ||
Adobe Inc. | 2.300% | 2/1/30 | 135 | 115 | ||
Analog Devices Inc. | 3.500% | 12/5/26 | 35 | 33 | ||
Analog Devices Inc. | 1.700% | 10/1/28 | 110 | 93 | ||
Analog Devices Inc. | 2.100% | 10/1/31 | 140 | 113 | ||
Analog Devices Inc. | 2.950% | 10/1/51 | 155 | 106 | ||
Apple Inc. | 3.450% | 5/6/24 | 295 | 290 | ||
Apple Inc. | 2.850% | 5/11/24 | 198 | 193 | ||
Apple Inc. | 1.800% | 9/11/24 | 120 | 114 | ||
Apple Inc. | 2.750% | 1/13/25 | 195 | 187 | ||
Apple Inc. | 2.500% | 2/9/25 | 225 | 215 | ||
Apple Inc. | 1.125% | 5/11/25 | 255 | 236 | ||
Apple Inc. | 3.200% | 5/13/25 | 25 | 24 | ||
Apple Inc. | 0.550% | 8/20/25 | 115 | 104 | ||
Apple Inc. | 0.700% | 2/8/26 | 150 | 133 | ||
Apple Inc. | 3.250% | 2/23/26 | 425 | 407 | ||
Apple Inc. | 2.450% | 8/4/26 | 250 | 231 | ||
Apple Inc. | 2.050% | 9/11/26 | 232 | 211 | ||
Apple Inc. | 3.350% | 2/9/27 | 215 | 205 | ||
Apple Inc. | 3.200% | 5/11/27 | 205 | 194 | ||
Apple Inc. | 3.000% | 6/20/27 | 110 | 103 | ||
Apple Inc. | 2.900% | 9/12/27 | 280 | 260 | ||
Apple Inc. | 3.000% | 11/13/27 | 90 | 84 | ||
Apple Inc. | 1.200% | 2/8/28 | 95 | 81 | ||
Apple Inc. | 1.400% | 8/5/28 | 210 | 177 | ||
Apple Inc. | 3.250% | 8/8/29 | 120 | 110 | ||
Apple Inc. | 2.200% | 9/11/29 | 225 | 193 | ||
Apple Inc. | 1.650% | 5/11/30 | 270 | 221 | ||
Apple Inc. | 1.250% | 8/20/30 | 50 | 39 | ||
Apple Inc. | 1.650% | 2/8/31 | 310 | 248 | ||
Apple Inc. | 1.700% | 8/5/31 | 100 | 79 | ||
Apple Inc. | 3.350% | 8/8/32 | 375 | 338 | ||
Apple Inc. | 4.500% | 2/23/36 | 163 | 160 | ||
Apple Inc. | 2.375% | 2/8/41 | 130 | 92 | ||
Apple Inc. | 3.850% | 5/4/43 | 230 | 198 | ||
Apple Inc. | 4.450% | 5/6/44 | 25 | 24 | ||
Apple Inc. | 3.450% | 2/9/45 | 130 | 105 | ||
Apple Inc. | 4.375% | 5/13/45 | 170 | 156 | ||
Apple Inc. | 4.650% | 2/23/46 | 315 | 300 | ||
Apple Inc. | 3.850% | 8/4/46 | 285 | 241 | ||
Apple Inc. | 3.750% | 9/12/47 | 185 | 154 | ||
Apple Inc. | 3.750% | 11/13/47 | 145 | 121 | ||
Apple Inc. | 2.950% | 9/11/49 | 215 | 154 | ||
Apple Inc. | 2.650% | 5/11/50 | 215 | 144 | ||
Apple Inc. | 2.400% | 8/20/50 | 145 | 92 | ||
Apple Inc. | 2.650% | 2/8/51 | 320 | 213 | ||
Apple Inc. | 2.700% | 8/5/51 | 225 | 151 | ||
Apple Inc. | 3.950% | 8/8/52 | 190 | 162 | ||
Apple Inc. | 2.550% | 8/20/60 | 120 | 75 | ||
Apple Inc. | 2.800% | 2/8/61 | 225 | 144 | ||
Apple Inc. | 2.850% | 8/5/61 | 170 | 111 | ||
Apple Inc. | 4.100% | 8/8/62 | 160 | 135 | ||
Applied Materials Inc. | 3.300% | 4/1/27 | 176 | 166 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Applied Materials Inc. | 1.750% | 6/1/30 | 30 | 24 | ||
Applied Materials Inc. | 4.350% | 4/1/47 | 145 | 130 | ||
Autodesk Inc. | 2.400% | 12/15/31 | 140 | 112 | ||
Automatic Data Processing Inc. | 3.375% | 9/15/25 | 145 | 140 | ||
Automatic Data Processing Inc. | 1.700% | 5/15/28 | 55 | 47 | ||
Automatic Data Processing Inc. | 1.250% | 9/1/30 | 125 | 98 | ||
Broadcom Corp. | 3.500% | 1/15/28 | 110 | 100 | ||
Broadcom Inc. | 3.150% | 11/15/25 | 2 | 2 | ||
Broadcom Inc. | 3.459% | 9/15/26 | 40 | 37 | ||
2 | Broadcom Inc. | 1.950% | 2/15/28 | 110 | 93 | |
Broadcom Inc. | 4.110% | 9/15/28 | 250 | 234 | ||
2 | Broadcom Inc. | 4.000% | 4/15/29 | 50 | 45 | |
Broadcom Inc. | 4.750% | 4/15/29 | 165 | 158 | ||
Broadcom Inc. | 4.150% | 11/15/30 | 190 | 171 | ||
2 | Broadcom Inc. | 2.450% | 2/15/31 | 280 | 222 | |
2 | Broadcom Inc. | 4.150% | 4/15/32 | 180 | 159 | |
Broadcom Inc. | 4.300% | 11/15/32 | 210 | 186 | ||
2 | Broadcom Inc. | 2.600% | 2/15/33 | 180 | 136 | |
2 | Broadcom Inc. | 3.419% | 4/15/33 | 303 | 244 | |
2 | Broadcom Inc. | 3.469% | 4/15/34 | 240 | 190 | |
2 | Broadcom Inc. | 3.137% | 11/15/35 | 200 | 148 | |
2 | Broadcom Inc. | 3.187% | 11/15/36 | 365 | 264 | |
2 | Broadcom Inc. | 4.926% | 5/15/37 | 272 | 237 | |
2 | Broadcom Inc. | 3.500% | 2/15/41 | 240 | 172 | |
2 | Broadcom Inc. | 3.750% | 2/15/51 | 215 | 150 | |
Broadridge Financial Solutions Inc. | 2.900% | 12/1/29 | 65 | 55 | ||
Broadridge Financial Solutions Inc. | 2.600% | 5/1/31 | 115 | 93 | ||
CDW LLC | 2.670% | 12/1/26 | 80 | 71 | ||
CDW LLC | 3.569% | 12/1/31 | 110 | 91 | ||
Cintas Corp. No. 2 | 3.700% | 4/1/27 | 155 | 148 | ||
Cintas Corp. No. 2 | 4.000% | 5/1/32 | 85 | 79 | ||
Cisco Systems Inc. | 3.625% | 3/4/24 | 125 | 123 | ||
Cisco Systems Inc. | 2.950% | 2/28/26 | 115 | 109 | ||
Cisco Systems Inc. | 2.500% | 9/20/26 | 200 | 185 | ||
Cisco Systems Inc. | 5.900% | 2/15/39 | 180 | 197 | ||
Cisco Systems Inc. | 5.500% | 1/15/40 | 185 | 195 | ||
Corning Inc. | 4.375% | 11/15/57 | 80 | 64 | ||
Corning Inc. | 5.450% | 11/15/79 | 110 | 97 | ||
Dell International LLC | 4.000% | 7/15/24 | 140 | 137 | ||
Dell International LLC | 5.850% | 7/15/25 | 135 | 136 | ||
Dell International LLC | 6.020% | 6/15/26 | 525 | 531 | ||
Dell International LLC | 4.900% | 10/1/26 | 217 | 212 | ||
Dell International LLC | 5.250% | 2/1/28 | 100 | 98 | ||
Dell International LLC | 5.300% | 10/1/29 | 130 | 126 | ||
Dell International LLC | 5.750% | 2/1/33 | 105 | 102 | ||
Dell International LLC | 8.100% | 7/15/36 | 50 | 56 | ||
2 | Dell International LLC | 3.375% | 12/15/41 | 130 | 86 | |
Dell International LLC | 8.350% | 7/15/46 | 91 | 104 | ||
2 | Dell International LLC | 3.450% | 12/15/51 | 160 | 98 | |
Equifax Inc. | 2.600% | 12/1/24 | 160 | 152 | ||
Equifax Inc. | 2.350% | 9/15/31 | 190 | 150 | ||
Fidelity National Information Services Inc. | 0.600% | 3/1/24 | 80 | 76 | ||
Fidelity National Information Services Inc. | 1.150% | 3/1/26 | 220 | 193 | ||
Fidelity National Information Services Inc. | 1.650% | 3/1/28 | 70 | 59 | ||
Fidelity National Information Services Inc. | 2.250% | 3/1/31 | 40 | 31 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Fidelity National Information Services Inc. | 3.100% | 3/1/41 | 70 | 48 | ||
Fiserv Inc. | 2.750% | 7/1/24 | 220 | 212 | ||
Fiserv Inc. | 3.850% | 6/1/25 | 60 | 58 | ||
Fiserv Inc. | 3.200% | 7/1/26 | 195 | 182 | ||
Fiserv Inc. | 2.250% | 6/1/27 | 140 | 124 | ||
3 | Fiserv Inc. | 5.450% | 3/2/28 | 80 | 80 | |
Fiserv Inc. | 4.200% | 10/1/28 | 185 | 174 | ||
Fiserv Inc. | 3.500% | 7/1/29 | 215 | 192 | ||
Fiserv Inc. | 2.650% | 6/1/30 | 100 | 84 | ||
3 | Fiserv Inc. | 5.600% | 3/2/33 | 80 | 80 | |
Fiserv Inc. | 4.400% | 7/1/49 | 212 | 171 | ||
Hewlett Packard Enterprise Co. | 1.450% | 4/1/24 | 120 | 115 | ||
Hewlett Packard Enterprise Co. | 4.900% | 10/15/25 | 210 | 208 | ||
Hewlett Packard Enterprise Co. | 1.750% | 4/1/26 | 60 | 54 | ||
Hewlett Packard Enterprise Co. | 6.350% | 10/15/45 | 169 | 166 | ||
HP Inc. | 2.200% | 6/17/25 | 185 | 173 | ||
HP Inc. | 1.450% | 6/17/26 | 125 | 110 | ||
HP Inc. | 3.000% | 6/17/27 | 110 | 100 | ||
HP Inc. | 4.000% | 4/15/29 | 140 | 127 | ||
HP Inc. | 3.400% | 6/17/30 | 130 | 111 | ||
HP Inc. | 2.650% | 6/17/31 | 140 | 110 | ||
HP Inc. | 4.200% | 4/15/32 | 100 | 86 | ||
HP Inc. | 5.500% | 1/15/33 | 55 | 52 | ||
HP Inc. | 6.000% | 9/15/41 | 158 | 154 | ||
Intel Corp. | 2.875% | 5/11/24 | 85 | 83 | ||
Intel Corp. | 3.400% | 3/25/25 | 190 | 184 | ||
Intel Corp. | 3.700% | 7/29/25 | 150 | 145 | ||
Intel Corp. | 2.600% | 5/19/26 | 65 | 60 | ||
Intel Corp. | 3.750% | 3/25/27 | 75 | 72 | ||
Intel Corp. | 3.150% | 5/11/27 | 180 | 167 | ||
Intel Corp. | 3.750% | 8/5/27 | 150 | 143 | ||
Intel Corp. | 4.875% | 2/10/28 | 165 | 163 | ||
Intel Corp. | 1.600% | 8/12/28 | 105 | 88 | ||
Intel Corp. | 4.000% | 8/5/29 | 85 | 79 | ||
Intel Corp. | 2.450% | 11/15/29 | 170 | 143 | ||
Intel Corp. | 3.900% | 3/25/30 | 170 | 157 | ||
Intel Corp. | 2.000% | 8/12/31 | 125 | 98 | ||
Intel Corp. | 4.150% | 8/5/32 | 140 | 129 | ||
Intel Corp. | 4.000% | 12/15/32 | 130 | 118 | ||
Intel Corp. | 5.200% | 2/10/33 | 165 | 162 | ||
Intel Corp. | 4.600% | 3/25/40 | 125 | 111 | ||
Intel Corp. | 2.800% | 8/12/41 | 120 | 82 | ||
Intel Corp. | 4.800% | 10/1/41 | 110 | 100 | ||
Intel Corp. | 5.625% | 2/10/43 | 375 | 366 | ||
Intel Corp. | 4.900% | 7/29/45 | 35 | 32 | ||
Intel Corp. | 4.100% | 5/19/46 | 100 | 80 | ||
Intel Corp. | 4.100% | 5/11/47 | 155 | 124 | ||
Intel Corp. | 3.734% | 12/8/47 | 300 | 222 | ||
Intel Corp. | 3.250% | 11/15/49 | 200 | 134 | ||
Intel Corp. | 4.750% | 3/25/50 | 70 | 61 | ||
Intel Corp. | 3.050% | 8/12/51 | 130 | 84 | ||
Intel Corp. | 4.900% | 8/5/52 | 125 | 111 | ||
Intel Corp. | 5.700% | 2/10/53 | 165 | 161 | ||
Intel Corp. | 3.100% | 2/15/60 | 40 | 24 | ||
Intel Corp. | 4.950% | 3/25/60 | 50 | 44 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Intel Corp. | 3.200% | 8/12/61 | 100 | 62 | ||
Intel Corp. | 5.050% | 8/5/62 | 90 | 79 | ||
Intel Corp. | 5.900% | 2/10/63 | 165 | 162 | ||
International Business Machines Corp. | 3.000% | 5/15/24 | 215 | 209 | ||
International Business Machines Corp. | 4.500% | 2/6/26 | 105 | 103 | ||
International Business Machines Corp. | 3.450% | 2/19/26 | 163 | 155 | ||
International Business Machines Corp. | 3.300% | 5/15/26 | 295 | 279 | ||
International Business Machines Corp. | 1.700% | 5/15/27 | 165 | 145 | ||
International Business Machines Corp. | 4.150% | 7/27/27 | 100 | 97 | ||
International Business Machines Corp. | 4.500% | 2/6/28 | 105 | 102 | ||
International Business Machines Corp. | 3.500% | 5/15/29 | 325 | 296 | ||
International Business Machines Corp. | 1.950% | 5/15/30 | 220 | 177 | ||
International Business Machines Corp. | 4.750% | 2/6/33 | 105 | 100 | ||
International Business Machines Corp. | 4.150% | 5/15/39 | 225 | 191 | ||
International Business Machines Corp. | 4.000% | 6/20/42 | 135 | 110 | ||
International Business Machines Corp. | 4.250% | 5/15/49 | 265 | 219 | ||
International Business Machines Corp. | 2.950% | 5/15/50 | 115 | 75 | ||
International Business Machines Corp. | 4.900% | 7/27/52 | 80 | 72 | ||
KLA Corp. | 4.650% | 11/1/24 | 113 | 112 | ||
KLA Corp. | 4.650% | 7/15/32 | 100 | 98 | ||
KLA Corp. | 3.300% | 3/1/50 | 110 | 80 | ||
KLA Corp. | 4.950% | 7/15/52 | 115 | 109 | ||
KLA Corp. | 5.250% | 7/15/62 | 80 | 77 | ||
Lam Research Corp. | 3.750% | 3/15/26 | 95 | 92 | ||
Lam Research Corp. | 4.000% | 3/15/29 | 170 | 161 | ||
Lam Research Corp. | 1.900% | 6/15/30 | 65 | 53 | ||
Lam Research Corp. | 4.875% | 3/15/49 | 105 | 99 | ||
Lam Research Corp. | 2.875% | 6/15/50 | 100 | 67 | ||
Marvell Technology Inc. | 2.950% | 4/15/31 | 105 | 84 | ||
Microchip Technology Inc. | 4.250% | 9/1/25 | 155 | 150 | ||
Micron Technology Inc. | 4.663% | 2/15/30 | 90 | 83 | ||
Micron Technology Inc. | 2.703% | 4/15/32 | 190 | 144 | ||
Micron Technology Inc. | 5.875% | 2/9/33 | 75 | 73 | ||
Microsoft Corp. | 2.700% | 2/12/25 | 175 | 168 | ||
Microsoft Corp. | 3.125% | 11/3/25 | 360 | 345 | ||
Microsoft Corp. | 2.400% | 8/8/26 | 345 | 320 | ||
Microsoft Corp. | 3.300% | 2/6/27 | 420 | 401 | ||
Microsoft Corp. | 3.500% | 2/12/35 | 205 | 185 | ||
Microsoft Corp. | 3.450% | 8/8/36 | 215 | 188 | ||
Microsoft Corp. | 4.100% | 2/6/37 | 120 | 113 | ||
Microsoft Corp. | 4.450% | 11/3/45 | 85 | 81 | ||
Microsoft Corp. | 3.700% | 8/8/46 | 236 | 202 | ||
Microsoft Corp. | 4.250% | 2/6/47 | 150 | 139 | ||
Microsoft Corp. | 2.525% | 6/1/50 | 530 | 354 | ||
Microsoft Corp. | 2.921% | 3/17/52 | 664 | 478 | ||
Microsoft Corp. | 4.500% | 2/6/57 | 60 | 58 | ||
Microsoft Corp. | 2.675% | 6/1/60 | 390 | 252 | ||
Microsoft Corp. | 3.041% | 3/17/62 | 225 | 158 | ||
Motorola Solutions Inc. | 4.600% | 5/23/29 | 100 | 94 | ||
Motorola Solutions Inc. | 2.300% | 11/15/30 | 110 | 86 | ||
Motorola Solutions Inc. | 2.750% | 5/24/31 | 65 | 52 | ||
NetApp Inc. | 1.875% | 6/22/25 | 100 | 92 | ||
NVIDIA Corp. | 0.584% | 6/14/24 | 95 | 90 | ||
NVIDIA Corp. | 3.200% | 9/16/26 | 150 | 142 | ||
NVIDIA Corp. | 1.550% | 6/15/28 | 160 | 136 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
NVIDIA Corp. | 2.850% | 4/1/30 | 110 | 97 | ||
NVIDIA Corp. | 2.000% | 6/15/31 | 80 | 65 | ||
NVIDIA Corp. | 3.500% | 4/1/40 | 160 | 132 | ||
NVIDIA Corp. | 3.500% | 4/1/50 | 165 | 128 | ||
NXP BV | 4.875% | 3/1/24 | 35 | 35 | ||
NXP BV | 4.300% | 6/18/29 | 145 | 134 | ||
NXP BV | 3.400% | 5/1/30 | 135 | 117 | ||
NXP BV | 2.500% | 5/11/31 | 110 | 87 | ||
NXP BV | 2.650% | 2/15/32 | 30 | 24 | ||
NXP BV | 5.000% | 1/15/33 | 135 | 127 | ||
NXP BV | 3.250% | 5/11/41 | 95 | 66 | ||
Oracle Corp. | 3.400% | 7/8/24 | 320 | 311 | ||
Oracle Corp. | 2.950% | 11/15/24 | 215 | 206 | ||
Oracle Corp. | 2.500% | 4/1/25 | 350 | 330 | ||
Oracle Corp. | 2.950% | 5/15/25 | 280 | 266 | ||
Oracle Corp. | 5.800% | 11/10/25 | 125 | 126 | ||
Oracle Corp. | 1.650% | 3/25/26 | 300 | 268 | ||
Oracle Corp. | 2.650% | 7/15/26 | 295 | 270 | ||
Oracle Corp. | 2.800% | 4/1/27 | 265 | 240 | ||
Oracle Corp. | 3.250% | 11/15/27 | 290 | 265 | ||
Oracle Corp. | 2.300% | 3/25/28 | 210 | 182 | ||
Oracle Corp. | 6.150% | 11/9/29 | 125 | 129 | ||
Oracle Corp. | 2.875% | 3/25/31 | 210 | 174 | ||
Oracle Corp. | 6.250% | 11/9/32 | 170 | 177 | ||
Oracle Corp. | 4.900% | 2/6/33 | 250 | 236 | ||
Oracle Corp. | 4.300% | 7/8/34 | 220 | 193 | ||
Oracle Corp. | 3.900% | 5/15/35 | 35 | 29 | ||
Oracle Corp. | 3.850% | 7/15/36 | 130 | 106 | ||
Oracle Corp. | 3.800% | 11/15/37 | 190 | 150 | ||
Oracle Corp. | 6.500% | 4/15/38 | 165 | 172 | ||
Oracle Corp. | 6.125% | 7/8/39 | 190 | 190 | ||
Oracle Corp. | 3.600% | 4/1/40 | 325 | 240 | ||
Oracle Corp. | 5.375% | 7/15/40 | 290 | 266 | ||
Oracle Corp. | 3.650% | 3/25/41 | 175 | 129 | ||
Oracle Corp. | 4.500% | 7/8/44 | 170 | 138 | ||
Oracle Corp. | 4.125% | 5/15/45 | 250 | 189 | ||
Oracle Corp. | 4.000% | 7/15/46 | 310 | 227 | ||
Oracle Corp. | 4.000% | 11/15/47 | 135 | 99 | ||
Oracle Corp. | 3.600% | 4/1/50 | 461 | 313 | ||
Oracle Corp. | 3.950% | 3/25/51 | 350 | 251 | ||
Oracle Corp. | 6.900% | 11/9/52 | 320 | 345 | ||
Oracle Corp. | 5.550% | 2/6/53 | 225 | 206 | ||
Oracle Corp. | 4.375% | 5/15/55 | 165 | 125 | ||
Oracle Corp. | 3.850% | 4/1/60 | 295 | 196 | ||
Oracle Corp. | 4.100% | 3/25/61 | 160 | 111 | ||
Qorvo Inc. | 4.375% | 10/15/29 | 95 | 85 | ||
QUALCOMM Inc. | 2.900% | 5/20/24 | 95 | 92 | ||
QUALCOMM Inc. | 3.450% | 5/20/25 | 75 | 72 | ||
QUALCOMM Inc. | 3.250% | 5/20/27 | 152 | 143 | ||
QUALCOMM Inc. | 1.300% | 5/20/28 | 20 | 17 | ||
QUALCOMM Inc. | 2.150% | 5/20/30 | 285 | 238 | ||
QUALCOMM Inc. | 1.650% | 5/20/32 | 220 | 168 | ||
QUALCOMM Inc. | 4.650% | 5/20/35 | 85 | 82 | ||
QUALCOMM Inc. | 4.800% | 5/20/45 | 135 | 128 | ||
QUALCOMM Inc. | 4.300% | 5/20/47 | 230 | 201 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
QUALCOMM Inc. | 3.250% | 5/20/50 | 50 | 37 | ||
QUALCOMM Inc. | 4.500% | 5/20/52 | 90 | 80 | ||
QUALCOMM Inc. | 6.000% | 5/20/53 | 100 | 108 | ||
Quanta Services Inc. | 2.900% | 10/1/30 | 130 | 108 | ||
RELX Capital Inc. | 4.000% | 3/18/29 | 105 | 97 | ||
RELX Capital Inc. | 3.000% | 5/22/30 | 75 | 65 | ||
Roper Technologies Inc. | 4.200% | 9/15/28 | 85 | 81 | ||
Roper Technologies Inc. | 1.750% | 2/15/31 | 30 | 23 | ||
2 | S&P Global Inc. | 2.450% | 3/1/27 | 150 | 136 | |
2 | S&P Global Inc. | 2.700% | 3/1/29 | 130 | 114 | |
2 | S&P Global Inc. | 4.250% | 5/1/29 | 70 | 67 | |
2 | S&P Global Inc. | 2.900% | 3/1/32 | 155 | 132 | |
2 | S&P Global Inc. | 3.700% | 3/1/52 | 120 | 95 | |
Salesforce Inc. | 0.625% | 7/15/24 | 110 | 103 | ||
Salesforce Inc. | 3.700% | 4/11/28 | 180 | 171 | ||
Salesforce Inc. | 1.500% | 7/15/28 | 45 | 38 | ||
Salesforce Inc. | 1.950% | 7/15/31 | 155 | 124 | ||
Salesforce Inc. | 2.700% | 7/15/41 | 150 | 106 | ||
Salesforce Inc. | 2.900% | 7/15/51 | 210 | 141 | ||
Salesforce Inc. | 3.050% | 7/15/61 | 120 | 77 | ||
ServiceNow Inc. | 1.400% | 9/1/30 | 193 | 147 | ||
Texas Instruments Inc. | 1.375% | 3/12/25 | 90 | 84 | ||
Texas Instruments Inc. | 2.250% | 9/4/29 | 130 | 111 | ||
Texas Instruments Inc. | 3.875% | 3/15/39 | 130 | 115 | ||
Texas Instruments Inc. | 4.150% | 5/15/48 | 145 | 129 | ||
TSMC Arizona Corp. | 1.750% | 10/25/26 | 160 | 141 | ||
TSMC Arizona Corp. | 3.875% | 4/22/27 | 70 | 67 | ||
TSMC Arizona Corp. | 2.500% | 10/25/31 | 175 | 145 | ||
TSMC Arizona Corp. | 4.250% | 4/22/32 | 140 | 134 | ||
TSMC Arizona Corp. | 3.125% | 10/25/41 | 10 | 8 | ||
TSMC Arizona Corp. | 3.250% | 10/25/51 | 140 | 105 | ||
TSMC Arizona Corp. | 4.500% | 4/22/52 | 100 | 94 | ||
Verisk Analytics Inc. | 4.000% | 6/15/25 | 211 | 204 | ||
VMware Inc. | 1.000% | 8/15/24 | 65 | 61 | ||
VMware Inc. | 4.500% | 5/15/25 | 40 | 39 | ||
VMware Inc. | 1.400% | 8/15/26 | 175 | 151 | ||
VMware Inc. | 3.900% | 8/21/27 | 160 | 150 | ||
VMware Inc. | 1.800% | 8/15/28 | 125 | 102 | ||
VMware Inc. | 4.700% | 5/15/30 | 120 | 113 | ||
VMware Inc. | 2.200% | 8/15/31 | 70 | 53 | ||
Western Digital Corp. | 4.750% | 2/15/26 | 240 | 226 | ||
Workday Inc. | 3.500% | 4/1/27 | 145 | 135 | ||
Workday Inc. | 3.700% | 4/1/29 | 180 | 164 | ||
Workday Inc. | 3.800% | 4/1/32 | 100 | 88 | ||
Xilinx Inc. | 2.950% | 6/1/24 | 90 | 87 | ||
Xilinx Inc. | 2.375% | 6/1/30 | 75 | 63 | ||
44,659 | ||||||
Utilities (0.1%) | ||||||
American Water Capital Corp. | 4.450% | 6/1/32 | 30 | 29 | ||
American Water Capital Corp. | 6.593% | 10/15/37 | 82 | 89 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
American Water Capital Corp. | 3.750% | 9/1/47 | 95 | 74 | ||
Commonwealth Edison Co. | 4.000% | 3/1/48 | 80 | 66 | ||
258 | ||||||
Total Investments (98.7%) (Cost $405,050) | 354,840 | |||||
Other Assets and Liabilities—Net (1.3%) | 4,817 | |||||
Net Assets (100%) | 359,657 |
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
1 | The average or expected maturity is shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or the possibility of the issue being called. |
2 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2023, the aggregate value was $8,764,000, representing 2.4% of net assets. |
3 | Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of February 28, 2023. |
4 | Securities with a value of $41,000 have been segregated as initial margin for open futures contracts. |
DAC—Designated Activity Company. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Short Futures Contracts | ||||
5-Year U.S. Treasury Note | June 2023 | (1) | (107) | — |
Ultra Long U.S. Treasury Bond | June 2023 | (1) | (135) | — |
— |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value—Unaffiliated Issuers (Cost $405,050) | 354,840 |
Investment in Vanguard | 13 |
Cash | 582 |
Receivables for Investment Securities Sold | 6,486 |
Receivables for Accrued Income | 3,867 |
Total Assets | 365,788 |
Liabilities | |
Payables for Investment Securities Purchased | 6,115 |
Payables to Vanguard | 16 |
Variation Margin Payable—Futures Contracts | — |
Total Liabilities | 6,131 |
Net Assets | 359,657 |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 420,352 |
Total Distributable Earnings (Loss) | (60,695) |
Net Assets | 359,657 |
Net Assets | |
Applicable to 5,900,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 359,657 |
Net Asset Value Per Share | $60.96 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Interest | 5,930 |
Total Income | 5,930 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 4 |
Management and Administrative | 167 |
Marketing and Distribution | 10 |
Custodian Fees | 6 |
Shareholders’ Reports | 13 |
Trustees’ Fees and Expenses | — |
Other Expenses | 7 |
Total Expenses | 207 |
Expenses Paid Indirectly | (5) |
Net Expenses | 202 |
Net Investment Income | 5,728 |
Realized Net Gain (Loss) | |
Investment Securities Sold1 | (5,069) |
Futures Contracts | (24) |
Realized Net Gain (Loss) | (5,093) |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities | (4,171) |
Futures Contracts | — |
Change in Unrealized Appreciation (Depreciation) | (4,171) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (3,536) |
1 | Includes ($760,000) of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 5,728 | 6,515 | |
Realized Net Gain (Loss) | (5,093) | (6,275) | |
Change in Unrealized Appreciation (Depreciation) | (4,171) | (47,718) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (3,536) | (47,478) | |
Distributions | |||
Total Distributions | (5,574) | (6,003) | |
Capital Share Transactions | |||
Issued | 36,428 | 174,694 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (5,969) | — | |
Net Increase (Decrease) from Capital Share Transactions | 30,459 | 174,694 | |
Total Increase (Decrease) | 21,349 | 121,213 | |
Net Assets | |||
Beginning of Period | 338,308 | 217,095 | |
End of Period | 359,657 | 338,308 |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | September 22 20201 to August 31, 2021 | |
For a Share Outstanding Throughout Each Period | |||
Net Asset Value, Beginning of Period | $62.65 | $74.86 | $75.00 |
Investment Operations | |||
Net Investment Income2 | 1.026 | 1.542 | 1.211 |
Net Realized and Unrealized Gain (Loss) on Investments | (1.710) | (12.307) | (.330) |
Total from Investment Operations | (.684) | (10.765) | .881 |
Distributions | |||
Dividends from Net Investment Income | (1.006) | (1.445) | (1.021) |
Distributions from Realized Capital Gains | — | — | — |
Total Distributions | (1.006) | (1.445) | (1.021) |
Net Asset Value, End of Period | $60.96 | $62.65 | $74.86 |
Total Return | -1.07% | -14.54% | 1.20% |
Ratios/Supplemental Data | |||
Net Assets, End of Period (Millions) | $360 | $338 | $217 |
Ratio of Total Expenses to Average Net Assets | 0.12%3 | 0.12%3 | 0.12%4 |
Ratio of Net Investment Income to Average Net Assets | 3.39% | 2.26% | 1.74%4 |
Portfolio Turnover Rate5 | 14% | 34% | 24% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Inception. |
2 | Calculated based on average shares outstanding. |
3 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.12%. |
4 | Annualized. |
5 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Corporate Bonds | — | 354,840 | — | 354,840 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | — | — | — | — |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Amount ($000) | |
Tax Cost | 405,050 |
Gross Unrealized Appreciation | 803 |
Gross Unrealized Depreciation | (51,013) |
Net Unrealized Appreciation (Depreciation) | (50,210) |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
Shares (000) | Shares (000) | ||
Issued | 600 | 2,500 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (100) | — | |
Net Increase (Decrease) in Shares Outstanding | 500 | 2,500 |
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Vanguard Marketing Corporation, Distributor.
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.
Not applicable. The complete schedule of investments is included as part of the report to shareholders filed under Item 1 of this Form.
Item 7: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8: Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9: Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10: Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 11: Controls and Procedures.
(a) Disclosure Controls and Procedures. The Principal Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on their evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.
(b) Internal Control Over Financial Reporting. There were no significant changes in the Registrant’s Internal Control Over Financial Reporting or in other factors that could significantly affect this control subsequent to the date of the evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.
Item 12: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13: Exhibits.
(a)(1) | Not applicable. |
(a)(2) | Certifications filed herewith. |
(b) | Certifications filed herewith. |
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.
VANGUARD world fund | ||
BY: | /s/ MORTIMER J. BUCKLEY* | |
MORTIMER J. BUCKLEY | ||
CHIEF EXECUTIVE OFFICER |
Date: April 20, 2023
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
VANGUARD world fund | ||
BY: | /s/ MORTIMER J. BUCKLEY* | |
MORTIMER J. BUCKLEY | ||
CHIEF EXECUTIVE OFFICER |
Date: April 20, 2023
VANGUARD world fund | ||
BY: | /s/ CHRISTINE BUCHANAN* | |
CHRISTINE BUCHANAN | ||
CHIEF FINANCIAL OFFICER |
Date: April 20, 2023
* By: | /s/ Anne E. Robinson |
Anne E. Robinson, pursuant to a Power of Attorney filed on March 29, 2023 (see File Number 2-11444), Incorporated by Reference.