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, 2023—February 29, 2024
Item 1: Reports to Shareholders
![](https://capedge.com/proxy/N-CSRS/0001104659-24-056461/tm247931d4usgrthq232i001.jpg)
About Your Fund’s Expenses | 1 |
Financial Statements | 4 |
Trustees Approve Advisory Arrangement | 18 |
• | 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 29, 2024 | |||
Beginning Account Value 8/31/2023 | Ending Account Value 2/29/2024 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
U.S. Growth Fund | |||
Investor Shares | $1,000.00 | $1,202.20 | $1.75 |
Admiral™ Shares | 1,000.00 | 1,202.90 | 1.20 |
Based on Hypothetical 5% Yearly Return | |||
U.S. Growth Fund | |||
Investor Shares | $1,000.00 | $1,023.27 | $1.61 |
Admiral Shares | 1,000.00 | 1,023.77 | 1.11 |
Communication Services | 14.1% |
Consumer Discretionary | 17.6 |
Consumer Staples | 1.0 |
Financials | 8.8 |
Health Care | 10.1 |
Industrials | 4.1 |
Information Technology | 41.5 |
Materials | 0.1 |
Real Estate | 2.7 |
Shares | Market Value• ($000) | ||
Common Stocks (98.2%) | |||
Communication Services (13.8%) | |||
Meta Platforms Inc. Class A | 4,346,144 | 2,130,176 | |
* | Alphabet Inc. Class C | 9,877,157 | 1,380,629 |
* | Netflix Inc. | 1,722,189 | 1,038,342 |
* | Trade Desk Inc. Class A | 8,664,852 | 740,238 |
* | Alphabet Inc. Class A | 1,354,471 | 187,540 |
* | Pinterest Inc. Class A | 4,543,068 | 166,731 |
* | Roblox Corp. Class A | 3,560,109 | 142,048 |
* | Roku Inc. | 1,504,454 | 95,051 |
* | Spotify Technology SA | 227,493 | 58,332 |
* | ZoomInfo Technologies Inc. | 2,489,248 | 41,720 |
5,980,807 | |||
Consumer Discretionary (17.3%) | |||
* | Amazon.com Inc. | 19,548,266 | 3,455,351 |
* | Tesla Inc. | 3,274,414 | 661,039 |
* | MercadoLibre Inc. | 282,362 | 450,452 |
* | Airbnb Inc. Class A | 2,357,866 | 371,293 |
* | DoorDash Inc. Class A | 2,846,415 | 354,578 |
TJX Cos. Inc. | 2,628,170 | 260,557 | |
* | Lululemon Athletica Inc. | 526,329 | 245,843 |
Hilton Worldwide Holdings Inc. | 1,181,964 | 241,499 | |
* | Duolingo Inc. | 997,562 | 238,417 |
Home Depot Inc. | 497,247 | 189,257 | |
LVMH Moet Hennessy Louis Vuitton SE | 189,400 | 172,872 | |
* | DraftKings Inc. Class A | 3,279,270 | 142,058 |
Marriott International Inc. Class A | 541,175 | 135,223 | |
* | Wayfair Inc. Class A | 2,187,266 | 130,361 |
NIKE Inc. Class B | 1,202,798 | 125,007 | |
* | Coursera Inc. | 5,925,231 | 95,218 |
* | Sweetgreen Inc. Class A | 5,895,814 | 75,113 |
* | YETI Holdings Inc. | 1,638,790 | 67,256 |
* | Chewy Inc. Class A | 3,735,406 | 65,893 |
*,1 | Rivian Automotive Inc. Class A | 1,612,154 | 18,250 |
7,495,537 | |||
Consumer Staples (1.0%) | |||
Costco Wholesale Corp. | 370,611 | 275,694 | |
L'Oreal SA (XPAR) | 235,298 | 112,394 | |
*,1 | Oddity Tech Ltd. Class A | 907,613 | 38,283 |
426,371 |
Shares | Market Value• ($000) | ||
Financials (8.7%) | |||
Mastercard Inc. Class A | 1,768,154 | 839,449 | |
Visa Inc. Class A | 1,785,809 | 504,741 | |
Progressive Corp. | 1,758,899 | 333,417 | |
S&P Global Inc. | 716,849 | 307,084 | |
* | FleetCor Technologies Inc. | 1,031,645 | 288,107 |
Ares Management Corp. Class A | 1,779,120 | 235,965 | |
American Express Co. | 1,023,627 | 224,604 | |
KKR & Co. Inc. | 2,252,909 | 221,371 | |
MSCI Inc. | 338,391 | 189,827 | |
Morgan Stanley | 1,994,987 | 171,649 | |
Marsh & McLennan Cos. Inc. | 815,679 | 164,987 | |
* | NU Holdings Ltd. Class A | 11,766,292 | 130,371 |
* | Affirm Holdings Inc. | 3,074,616 | 115,360 |
*,1 | Lemonade Inc. | 2,076,619 | 33,724 |
Global Payments Inc. | 17,435 | 2,261 | |
3,762,917 | |||
Health Care (9.9%) | |||
Eli Lilly & Co. | 1,495,364 | 1,127,026 | |
UnitedHealth Group Inc. | 1,077,674 | 531,940 | |
* | Vertex Pharmaceuticals Inc. | 917,427 | 385,998 |
Novo Nordisk A/S ADR | 2,432,401 | 291,329 | |
Danaher Corp. | 1,132,474 | 286,674 | |
Zoetis Inc. | 1,341,811 | 266,121 | |
* | Moderna Inc. | 2,676,192 | 246,852 |
* | Intuitive Surgical Inc. | 529,121 | 204,029 |
* | Inspire Medical Systems Inc. | 664,945 | 119,052 |
* | Boston Scientific Corp. | 1,714,758 | 113,534 |
Stryker Corp. | 271,670 | 94,832 | |
* | Insulet Corp. | 564,205 | 92,530 |
* | Alnylam Pharmaceuticals Inc. | 602,073 | 90,967 |
* | Penumbra Inc. | 317,998 | 74,704 |
* | Denali Therapeutics Inc. | 3,510,877 | 69,445 |
* | Doximity Inc. Class A | 2,291,617 | 64,692 |
* | 10X Genomics Inc. Class A | 1,351,761 | 63,046 |
* | Guardant Health Inc. | 3,140,350 | 59,667 |
* | Mettler-Toledo International Inc. | 44,532 | 55,541 |
*,1 | Recursion Pharmaceuticals Inc. Class A | 3,591,730 | 48,345 |
Shares | Market Value• ($000) | ||
* | Sana Biotechnology Inc. | 2,154,514 | 21,631 |
*,2 | Contra Abiomed Inc. CVR | 718,252 | 733 |
4,308,688 | |||
Industrials (4.0%) | |||
* | Uber Technologies Inc. | 7,187,776 | 571,428 |
TransUnion | 3,318,122 | 257,586 | |
* | Copart Inc. | 3,944,320 | 209,641 |
Watsco Inc. | 433,851 | 170,989 | |
General Dynamics Corp. | 548,745 | 149,945 | |
Airbus SE ADR | 2,988,986 | 123,535 | |
* | Boeing Co. | 528,749 | 107,717 |
Waste Connections Inc. (XTSE) | 641,903 | 106,838 | |
IDEX Corp. | 195,856 | 46,202 | |
1,743,881 | |||
Information Technology (40.8%) | |||
NVIDIA Corp. | 4,813,593 | 3,808,130 | |
Microsoft Corp. | 8,886,246 | 3,675,707 | |
Apple Inc. | 12,060,583 | 2,179,950 | |
* | Advanced Micro Devices Inc. | 5,099,924 | 981,888 |
* | Shopify Inc. Class A (XTSE) | 11,022,995 | 841,826 |
* | Salesforce Inc. | 1,872,130 | 578,151 |
Broadcom Inc. | 373,135 | 485,258 | |
* | Workday Inc. Class A | 1,470,175 | 433,202 |
* | Cadence Design Systems Inc. | 1,268,384 | 386,071 |
* | Snowflake Inc. Class A | 1,783,900 | 335,873 |
Monolithic Power Systems Inc. | 451,037 | 324,765 | |
ASML Holding NV GDR (Registered) | 327,104 | 311,298 | |
* | Adobe Inc. | 552,866 | 309,760 |
Intuit Inc. | 466,961 | 309,544 | |
* | MongoDB Inc. | 669,188 | 299,515 |
* | Cloudflare Inc. Class A | 3,036,878 | 299,254 |
* | ServiceNow Inc. | 354,754 | 273,636 |
Microchip Technology Inc. | 2,599,696 | 218,738 | |
* | Datadog Inc. Class A | 1,499,348 | 197,104 |
* | HubSpot Inc. | 299,253 | 185,181 |
* | Atlassian Corp. Ltd. Class A | 848,588 | 176,014 |
* | Crowdstrike Holdings Inc. Class A | 542,469 | 175,841 |
* | Gartner Inc. | 328,944 | 153,143 |
KLA Corp. | 216,398 | 147,648 | |
Marvell Technology Inc. | 1,798,656 | 128,892 | |
* | Palo Alto Networks Inc. | 365,007 | 113,353 |
* | Sprout Social Inc. Class A | 1,524,082 | 94,219 |
* | Twilio Inc. Class A | 1,318,373 | 78,562 |
* | HashiCorp Inc. Class A | 2,829,400 | 73,763 |
* | Samsara Inc. Class A | 1,915,930 | 66,195 |
*,1 | ARM Holdings plc ADR | 263,260 | 37,130 |
17,679,611 | |||
Materials (0.0%) | |||
*,1 | Ginkgo Bioworks Holdings Inc. | 18,631,948 | 28,321 |
Real Estate (2.7%) | |||
American Tower Corp. | 1,789,936 | 355,947 | |
Welltower Inc. | 2,716,232 | 250,328 | |
* | CoStar Group Inc. | 2,335,747 | 203,280 |
Shares | Market Value• ($000) | ||
Equinix Inc. | 210,645 | 187,225 | |
Prologis Inc. | 1,214,736 | 161,888 | |
1,158,668 | |||
Total Common Stocks (Cost $21,523,232) | 42,584,801 | ||
Temporary Cash Investments (1.9%) | |||
Money Market Fund (1.5%) | |||
3,4 | Vanguard Market Liquidity Fund, 5.400% | 6,310,156 | 630,953 |
Face Amount ($000) | |||
Repurchase Agreements (0.4%) | |||
Bank of America Securities LLC 5.310%, 3/1/24 (Dated 2/29/24, Repurchase Value $83,212,000, collateralized by Fannie Mae 2.500%–6.000%, 7/1/37–10/1/53, Freddie Mac 2.000%–7.000%, 2/1/44–7/1/53, and Ginnie Mae 2.500%–6.500%, 6/20/37–8/20/63, with a value of $84,864,000) | 83,200 | 83,200 |
Face Amount ($000) | Market Value• ($000) | ||
Societe Generale 5.290%, 3/1/24 (Dated 2/29/24, Repurchase Value $112,417,000, collateralized by U.S. Treasury Note/Bond 4.250%, 2/28/29, with a value of $114,648,000) | 112,400 | 112,400 | |
195,600 | |||
Total Temporary Cash Investments (Cost $826,435) | 826,553 | ||
Total Investments (100.1%) (Cost $22,349,667) | 43,411,354 | ||
Other Assets and Liabilities—Net (-0.1%) | (61,476) | ||
Net Assets (100%) | 43,349,878 | ||
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 $92,866,000. |
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 $101,583,000 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 2024 | 1,771 | 451,937 | 12,254 |
E-mini S&P Mid-Cap 400 Index | March 2024 | 222 | 64,216 | 5,146 |
17,400 |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $21,718,832) | 42,780,401 |
Affiliated Issuers (Cost $630,835) | 630,953 |
Total Investments in Securities | 43,411,354 |
Investment in Vanguard | 1,273 |
Cash Collateral Pledged—Futures Contracts | 24,536 |
Foreign Currency, at Value (Cost $925) | 917 |
Receivables for Investment Securities Sold | 165,820 |
Receivables for Accrued Income | 22,997 |
Receivables for Capital Shares Issued | 13,259 |
Variation Margin Receivable—Futures Contracts | 2,525 |
Total Assets | 43,642,681 |
Liabilities | |
Due to Custodian | 57,792 |
Payables for Investment Securities Purchased | 94,381 |
Collateral for Securities on Loan | 101,583 |
Payables to Investment Advisor | 9,121 |
Payables for Capital Shares Redeemed | 27,280 |
Payables to Vanguard | 2,646 |
Total Liabilities | 292,803 |
Net Assets | 43,349,878 |
1 Includes $92,866,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 22,939,926 |
Total Distributable Earnings (Loss) | 20,409,952 |
Net Assets | 43,349,878 |
Investor Shares—Net Assets | |
Applicable to 158,605,109 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 9,927,613 |
Net Asset Value Per Share—Investor Shares | $62.59 |
Admiral Shares—Net Assets | |
Applicable to 206,093,245 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 33,422,265 |
Net Asset Value Per Share—Admiral Shares | $162.17 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 84,309 |
Interest2 | 21,192 |
Securities Lending—Net | 1,359 |
Total Income | 106,860 |
Expenses | |
Investment Advisory Fees—Note B | |
Basic Fee | 28,700 |
Performance Adjustment | (11,808) |
The Vanguard Group—Note C | |
Management and Administrative—Investor Shares | 9,752 |
Management and Administrative—Admiral Shares | 18,302 |
Marketing and Distribution—Investor Shares | 234 |
Marketing and Distribution—Admiral Shares | 578 |
Custodian Fees | 108 |
Shareholders’ Reports—Investor Shares | 91 |
Shareholders’ Reports—Admiral Shares | 100 |
Trustees’ Fees and Expenses | 14 |
Other Expenses | 91 |
Total Expenses | 46,162 |
Expenses Paid Indirectly | (152) |
Net Expenses | 46,010 |
Net Investment Income | 60,850 |
Realized Net Gain (Loss) | |
Investment Securities Sold2 | 490,192 |
Futures Contracts | 26,393 |
Foreign Currencies | (281) |
Realized Net Gain (Loss) | 516,304 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 6,783,627 |
Futures Contracts | 10,436 |
Foreign Currencies | 34 |
Change in Unrealized Appreciation (Depreciation) | 6,794,097 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 7,371,251 |
1 | Dividends are net of foreign withholding taxes of ($665,000). |
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 $12,407,000, $18,000, $3,000, and $5,000, respectively. Purchases and sales are for temporary cash investment purposes. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 60,850 | 155,249 | |
Realized Net Gain (Loss) | 516,304 | (400,950) | |
Change in Unrealized Appreciation (Depreciation) | 6,794,097 | 6,827,776 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 7,371,251 | 6,582,075 | |
Distributions | |||
Investor Shares | (26,044) | (25,805) | |
Admiral Shares | (112,193) | (113,199) | |
Total Distributions | (138,237) | (139,004) | |
Capital Share Transactions | |||
Investor Shares | (459,329) | (711,024) | |
Admiral Shares | (1,316,729) | (2,320,731) | |
Net Increase (Decrease) from Capital Share Transactions | (1,776,058) | (3,031,755) | |
Total Increase (Decrease) | 5,456,956 | 3,411,316 | |
Net Assets | |||
Beginning of Period | 37,892,922 | 34,481,606 | |
End of Period | 43,349,878 | 37,892,922 |
Investor Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $52.21 | $43.59 | $76.41 | $62.28 | $41.02 | $43.31 |
Investment Operations | ||||||
Net Investment Income (Loss)1 | .065 | .169 | .074 | (.013) | .113 | .176 |
Net Realized and Unrealized Gain (Loss) on Investments | 10.474 | 8.595 | (24.184) | 16.700 | 22.856 | .771 |
Total from Investment Operations | 10.539 | 8.764 | (24.110) | 16.687 | 22.969 | .947 |
Distributions | ||||||
Dividends from Net Investment Income | (.159) | (.144) | (.001) | (.019) | (.119) | (.132) |
Distributions from Realized Capital Gains | — | — | (8.709) | (2.538) | (1.590) | (3.105) |
Total Distributions | (.159) | (.144) | (8.710) | (2.557) | (1.709) | (3.237) |
Net Asset Value, End of Period | $62.59 | $52.21 | $43.59 | $76.41 | $62.28 | $41.02 |
Total Return2 | 20.22% | 20.19% | -35.32% | 27.52% | 58.01% | 3.70% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $9,928 | $8,710 | $7,935 | $13,405 | $12,410 | $8,819 |
Ratio of Total Expenses to Average Net Assets3 | 0.32%4 | 0.30%4 | 0.33%4 | 0.38% | 0.38% | 0.39% |
Ratio of Net Investment Income (Loss) to Average Net Assets | 0.23% | 0.38% | 0.13% | (0.02%) | 0.25% | 0.44% |
Portfolio Turnover Rate | 18% | 37% | 23% | 41% | 38% | 41% |
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 (0.06%), (0.06%), (0.02%), 0.03%, 0.02%, and 0.01%. |
4 | The ratio of expenses to average net assets for the period net of reduction from broker commission abatement arrangements was 0.32%, 0.30%, and 0.33% respectively. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $135.31 | $112.99 | $198.03 | $161.42 | $106.30 | $112.28 |
Investment Operations | ||||||
Net Investment Income1 | .239 | .552 | .338 | .138 | .410 | .572 |
Net Realized and Unrealized Gain (Loss) on Investments | 27.160 | 22.260 | (62.667) | 43.277 | 59.231 | 1.963 |
Total from Investment Operations | 27.399 | 22.812 | (62.329) | 43.415 | 59.641 | 2.535 |
Distributions | ||||||
Dividends from Net Investment Income | (.539) | (.492) | (.135) | (.224) | (.401) | (.464) |
Distributions from Realized Capital Gains | — | — | (22.576) | (6.581) | (4.120) | (8.051) |
Total Distributions | (.539) | (.492) | (22.711) | (6.805) | (4.521) | (8.515) |
Net Asset Value, End of Period | $162.17 | $135.31 | $112.99 | $198.03 | $161.42 | $106.30 |
Total Return2 | 20.29% | 20.30% | -35.26% | 27.64% | 58.17% | 3.80% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $33,422 | $29,183 | $26,547 | $41,539 | $27,860 | $17,060 |
Ratio of Total Expenses to Average Net Assets3 | 0.22%4 | 0.20%4 | 0.23%4 | 0.28% | 0.28% | 0.28% |
Ratio of Net Investment Income to Average Net Assets | 0.33% | 0.48% | 0.23% | 0.08% | 0.35% | 0.55% |
Portfolio Turnover Rate | 18% | 37% | 23% | 41% | 38% | 41% |
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 (0.06%), (0.06%), (0.02%), 0.03%, 0.02%, and 0.01%. |
4 | The ratio of expenses to average net assets for the period net of reduction from broker commission abatement arrangements was 0.22%, 0.20%, and 0.23% 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 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 corporate management, administrative, marketing, distribution and cash management 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 the commissions generated. Such rebates are used solely to reduce the fund’s management and administrative expenses. For the six months ended February 29, 2024, these arrangements reduced the fund’s expenses by $152,000 (an annual rate of less than 0.01% of average net assets). |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 42,298,802 | 285,266 | 733 | 42,584,801 |
Temporary Cash Investments | 630,953 | 195,600 | — | 826,553 |
Total | 42,929,755 | 480,866 | 733 | 43,411,354 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 17,400 | — | — | 17,400 |
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 29, 2024, 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 | 22,483,250 |
Gross Unrealized Appreciation | 22,693,847 |
Gross Unrealized Depreciation | (1,748,343) |
Net Unrealized Appreciation (Depreciation) | 20,945,504 |
G. | During the six months ended February 29, 2024, the fund purchased $6,630,688,000 of investment securities and sold $8,238,019,000 of investment securities, other than temporary cash investments. |
H. | Capital share transactions for each class of shares were: |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Investor Shares | |||||
Issued | 669,810 | 12,341 | 592,236 | 13,160 | |
Issued in Lieu of Cash Distributions | 25,099 | 445 | 25,011 | 599 | |
Redeemed | (1,154,238) | (21,018) | (1,328,271) | (28,956) | |
Net Increase (Decrease)—Investor Shares | (459,329) | (8,232) | (711,024) | (15,197) | |
Admiral Shares | |||||
Issued | 1,268,682 | 8,905 | 2,081,981 | 17,879 | |
Issued in Lieu of Cash Distributions | 104,508 | 716 | 105,916 | 980 | |
Redeemed | (2,689,919) | (19,204) | (4,508,628) | (38,120) | |
Net Increase (Decrease)—Admiral Shares | (1,316,729) | (9,583) | (2,320,731) | (19,261) |
I. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
J. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
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Vanguard Marketing Corporation, Distributor.
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About Your Fund’s Expenses | 1 |
Financial Statements | 4 |
Trustees Approve Advisory Arrangements | 18 |
• | 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 29, 2024 | |||
Beginning Account Value 8/31/2023 | Ending Account Value 2/29/2024 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
International Growth Fund | |||
Investor Shares | $1,000.00 | $1,080.60 | $1.91 |
Admiral™ Shares | 1,000.00 | 1,081.20 | 1.35 |
Based on Hypothetical 5% Yearly Return | |||
International Growth Fund | |||
Investor Shares | $1,000.00 | $1,023.02 | $1.86 |
Admiral Shares | 1,000.00 | 1,023.57 | 1.31 |
United States | 16.5% |
Netherlands | 10.8 |
China | 7.7 |
United Kingdom | 7.3 |
Sweden | 7.1 |
Japan | 6.4 |
France | 5.9 |
Germany | 5.5 |
Denmark | 5.0 |
Taiwan | 3.8 |
Italy | 3.3 |
Switzerland | 3.0 |
Belgium | 2.9 |
South Korea | 2.8 |
Hong Kong | 2.2 |
Brazil | 2.0 |
India | 1.5 |
Israel | 1.3 |
Australia | 1.3 |
Canada | 1.1 |
Other | 2.6 |
Shares | Market Value• ($000) | ||
Common Stocks (96.7%) | |||
Australia (1.3%) | |||
WiseTech Global Ltd. | 8,981,963 | 554,037 | |
Austria (0.4%) | |||
Erste Group Bank AG | 4,532,953 | 181,242 | |
Belgium (2.8%) | |||
* | Argenx SE | 2,223,223 | 833,298 |
Umicore SA | 12,319,461 | 257,814 | |
UCB SA | 1,372,682 | 158,379 | |
1,249,491 | |||
Brazil (2.0%) | |||
* | NU Holdings Ltd. Class A | 60,774,982 | 673,387 |
Raia Drogasil SA | 18,480,166 | 99,035 | |
B3 SA - Brasil Bolsa Balcao | 36,142,185 | 93,280 | |
865,702 | |||
Canada (1.1%) | |||
Toronto-Dominion Bank | 2,907,496 | 174,581 | |
Canadian National Railway Co. | 1,253,467 | 162,526 | |
* | Shopify Inc. Class A (XTSE) | 1,948,263 | 148,789 |
485,896 | |||
China (7.5%) | |||
Tencent Holdings Ltd. | 29,796,800 | 1,043,800 | |
* | PDD Holdings Inc. ADR | 6,467,960 | 805,520 |
*,1 | Meituan Class B | 47,849,968 | 485,781 |
*,2 | NIO Inc. ADR | 38,610,070 | 222,008 |
* | Baidu Inc. ADR | 1,951,652 | 197,761 |
*,1 | Wuxi Biologics Cayman Inc. | 66,043,000 | 156,430 |
Shenzhen Inovance Technology Co. Ltd. Class A | 12,775,614 | 112,080 | |
* | Full Truck Alliance Co. Ltd. ADR | 12,227,700 | 80,703 |
Contemporary Amperex Technology Co. Ltd. Class A | 3,428,659 | 77,689 |
Shares | Market Value• ($000) | ||
BYD Co. Ltd. Class H | 2,845,500 | 70,085 | |
1,2 | Ganfeng Lithium Group Co. Ltd. Class H | 18,796,200 | 62,268 |
3,314,125 | |||
Denmark (4.9%) | |||
* | Vestas Wind Systems A/S | 32,258,245 | 898,974 |
* | Genmab A/S | 2,449,802 | 680,604 |
Novo Nordisk A/S Class B | 2,574,913 | 307,356 | |
Ambu A/S Class B | 16,459,513 | 287,999 | |
2,174,933 | |||
France (5.7%) | |||
L'Oreal SA (XPAR) | 1,564,175 | 747,158 | |
Schneider Electric SE | 2,072,475 | 471,057 | |
Kering SA | 1,005,596 | 463,205 | |
Sanofi SA | 2,156,472 | 205,543 | |
TotalEnergies SE | 2,384,184 | 151,966 | |
EssilorLuxottica SA | 704,649 | 149,621 | |
* | SOITEC | 977,460 | 143,106 |
Legrand SA | 1,006,958 | 101,986 | |
Carrefour SA | 5,962,768 | 100,182 | |
2,533,824 | |||
Germany (4.0%) | |||
SAP SE | 2,397,637 | 449,301 | |
*,1 | Zalando SE | 12,213,116 | 258,470 |
Bayerische Motoren Werke AG (XETR) | 2,149,376 | 254,246 | |
*,1 | Delivery Hero SE | 9,609,839 | 222,286 |
Siemens AG (Registered) | 991,946 | 196,374 | |
Infineon Technologies AG | 5,347,177 | 191,993 | |
*,2,3 | HelloFresh SE | 10,336,074 | 143,479 |
*,2,3 | Jumia Technologies AG ADR | 6,724,836 | 40,954 |
1,757,103 | |||
Hong Kong (2.2%) | |||
AIA Group Ltd. | 91,287,800 | 735,888 | |
Hong Kong Exchanges & Clearing Ltd. | 3,985,030 | 122,733 |
Shares | Market Value• ($000) | ||
BOC Hong Kong Holdings Ltd. | 36,627,500 | 96,228 | |
954,849 | |||
India (1.4%) | |||
HDFC Bank Ltd. | 28,964,871 | 489,186 | |
Reliance Industries Ltd. | 3,590,214 | 126,359 | |
*,4,5 | ANI Technologies Private Ltd. PP (Acquired 12/1/15, Cost $5,969) | 166,185 | 13,807 |
629,352 | |||
Indonesia (0.3%) | |||
Bank Central Asia Tbk PT | 230,721,400 | 145,185 | |
Israel (1.3%) | |||
*,3 | Wix.com Ltd. | 4,006,720 | 561,662 |
Italy (3.2%) | |||
Ferrari NV | 2,536,746 | 1,070,667 | |
Prysmian SpA | 4,145,038 | 206,861 | |
FinecoBank Banca Fineco SpA | 10,924,663 | 151,345 | |
1,428,873 | |||
Japan (6.3%) | |||
SMC Corp. | 791,300 | 477,610 | |
Mitsubishi UFJ Financial Group Inc. | 33,287,400 | 341,955 | |
M3 Inc. | 23,057,700 | 331,645 | |
Nidec Corp. | 7,518,100 | 285,302 | |
Sony Group Corp. | 2,479,900 | 213,639 | |
KDDI Corp. | 5,831,500 | 176,297 | |
Bridgestone Corp. | 3,509,000 | 150,685 | |
Recruit Holdings Co. Ltd. | 3,118,600 | 125,791 | |
Terumo Corp. | 3,154,100 | 122,889 | |
SBI Holdings Inc. | 4,470,400 | 120,361 | |
Kubota Corp. | 6,484,800 | 95,173 | |
FUJIFILM Holdings Corp. | 1,372,700 | 87,436 | |
Sekisui Chemical Co. Ltd. | 4,883,500 | 68,855 | |
Murata Manufacturing Co. Ltd. | 3,339,700 | 67,302 | |
Shimano Inc. | 401,500 | 55,608 | |
Daikin Industries Ltd. | 329,700 | 46,469 | |
2,767,017 | |||
Netherlands (10.6%) | |||
ASML Holding NV | 2,366,744 | 2,246,043 | |
*,1 | Adyen NV | 1,020,690 | 1,614,974 |
EXOR NV | 7,496,964 | 809,793 | |
4,670,810 | |||
Norway (0.6%) | |||
*,1 | AutoStore Holdings Ltd. | 85,404,717 | 136,789 |
DNB Bank ASA | 6,517,976 | 130,514 | |
267,303 | |||
Singapore (0.5%) | |||
* | Sea Ltd. ADR | 4,812,747 | 233,514 |
Shares | Market Value• ($000) | ||
South Korea (2.8%) | |||
* | Coupang Inc. | 41,815,253 | 774,418 |
Samsung Electronics Co. Ltd. (XKRX) | 6,565,288 | 362,357 | |
Samsung SDI Co. Ltd. (XKRX) | 341,938 | 97,142 | |
1,233,917 | |||
Spain (0.8%) | |||
Banco Bilbao Vizcaya Argentaria SA | 20,705,692 | 206,524 | |
Iberdrola SA (XMAD) | 10,602,865 | 121,776 | |
328,300 | |||
Sweden (6.9%) | |||
* | Spotify Technology SA | 6,698,897 | 1,717,664 |
Atlas Copco AB Class A | 60,558,186 | 1,052,025 | |
* | Kinnevik AB Class B | 15,093,719 | 160,052 |
Svenska Handelsbanken AB Class A | 8,112,961 | 97,029 | |
2 | Nibe Industrier AB Class B | 5,311,268 | 29,648 |
3,056,418 | |||
Switzerland (3.0%) | |||
1 | VAT Group AG | 638,714 | 320,602 |
Cie Financiere Richemont SA Class A (Registered) | 1,392,134 | 221,596 | |
Roche Holding AG | 746,411 | 195,157 | |
Temenos AG (Registered) | 2,177,560 | 163,874 | |
Lonza Group AG (Registered) | 286,123 | 149,344 | |
Alcon Inc. | 1,745,217 | 148,811 | |
Chocoladefabriken Lindt & Spruengli AG | 9,802 | 119,953 | |
1,319,337 | |||
Taiwan (3.8%) | |||
Taiwan Semiconductor Manufacturing Co. Ltd. (XTAI) | 75,359,000 | 1,651,456 | |
United Kingdom (7.1%) | |||
* | Wise plc Class A | 42,791,415 | 497,120 |
Shell plc (XETR) | 11,500,265 | 360,946 | |
*,3 | Ocado Group plc | 47,079,148 | 304,921 |
GSK plc | 14,353,401 | 300,251 | |
*,3,4,5 | Brandtech Group Class A1 PP (Acquired 9/23/15, Cost $44,800) | 33,633,606 | 257,297 |
Unilever plc (XLON) | 4,303,730 | 210,170 | |
Rio Tinto plc | 2,951,697 | 189,352 | |
RELX plc | 4,202,734 | 184,097 | |
Reckitt Benckiser Group plc | 2,366,846 | 149,544 | |
Diageo plc | 3,180,132 | 119,145 |
Shares | Market Value• ($000) | ||
AstraZeneca plc | 935,333 | 117,902 | |
National Grid plc | 8,652,301 | 113,215 | |
Bunzl plc | 2,683,063 | 106,945 | |
Burberry Group plc | 6,159,364 | 100,008 | |
Whitbread plc | 1,876,952 | 78,400 | |
Shell plc | 1,875,532 | 58,928 | |
3,148,241 | |||
United States (16.2%) | |||
* | MercadoLibre Inc. | 1,360,595 | 2,170,557 |
NVIDIA Corp. | 1,681,321 | 1,330,127 | |
* | Moderna Inc. | 9,151,211 | 844,108 |
*,3 | Elastic NV | 6,225,876 | 833,084 |
* | Tesla Inc. | 2,403,866 | 485,292 |
* | Illumina Inc. | 3,221,940 | 450,524 |
* | Atlassian Corp. Ltd. Class A | 953,026 | 197,677 |
* | Booking Holdings Inc. | 49,925 | 173,181 |
*,2 | Mobileye Global Inc. Class A | 5,227,537 | 133,145 |
* | Lululemon Athletica Inc. | 282,203 | 131,814 |
*,2 | ARM Holdings plc ADR | 931,404 | 131,365 |
* | Liberty Media Corp.-Liberty Formula One Class C | 1,702,897 | 123,903 |
* | SolarEdge Technologies Inc. | 1,005,131 | 67,515 |
Ferguson plc | 263,209 | 55,656 | |
7,127,948 | |||
Total Common Stocks (Cost $30,815,949) | 42,640,535 | ||
Preferred Stocks (1.4%) | |||
Sartorius AG Preference Shares | 1,385,608 | 524,771 | |
1,2 | Dr. Ing Hc F Porsche AG Preference Shares | 1,047,639 | 97,956 |
Total Preferred Stocks (Cost $899,239) | 622,727 |
Shares | Market Value• ($000) | ||
Temporary Cash Investments (1.9%) | |||
Money Market Fund (1.9%) | |||
6,7 | Vanguard Market Liquidity Fund, 5.400% (Cost $845,252) | 8,454,058 | 845,321 |
Total Investments (100.0%) (Cost $32,560,440) | 44,108,583 | ||
Other Assets and Liabilities—Net (0.0%) | 17,199 | ||
Net Assets (100%) | 44,125,782 | ||
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 29, 2024, the aggregate value was $3,355,556,000, representing 7.6% of net assets. |
2 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $359,860,000. |
3 | Considered an affiliated company of the fund as the fund owns more than 5% of the outstanding voting securities of such company. |
4 | Restricted securities totaling $271,104,000, representing 0.6% of net assets. |
5 | Security value determined using significant unobservable inputs. |
6 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
7 | Collateral of $371,975,000 was received for securities on loan. |
ADR—American Depositary Receipt. | |
PP—Private Placement. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
MSCI EAFE Index | March 2024 | 3,718 | 425,321 | 4,842 |
MSCI Emerging Markets Index | March 2024 | 3,266 | 166,043 | 474 |
5,316 |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $29,872,606) | 41,121,865 |
Affiliated Issuers (Cost $2,687,834) | 2,986,718 |
Total Investments in Securities | 44,108,583 |
Investment in Vanguard | 1,321 |
Cash Collateral Pledged—Futures Contracts | 17,829 |
Foreign Currency, at Value (Cost $29,103) | 25,655 |
Receivables for Investment Securities Sold | 402,263 |
Receivables for Accrued Income | 84,374 |
Receivables for Capital Shares Issued | 11,353 |
Variation Margin Receivable—Futures Contracts | 944 |
Other Assets | 421 |
Total Assets | 44,652,743 |
Liabilities | |
Due to Custodian | 19,519 |
Payables for Investment Securities Purchased | 73,665 |
Collateral for Securities on Loan | 371,975 |
Payables to Investment Advisor | 11,790 |
Payables for Capital Shares Redeemed | 35,040 |
Payables to Vanguard | 4,771 |
Deferred Foreign Capital Gains Taxes | 10,201 |
Total Liabilities | 526,961 |
Net Assets | 44,125,782 |
1 Includes $359,860,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 31,227,218 |
Total Distributable Earnings (Loss) | 12,898,564 |
Net Assets | 44,125,782 |
Investor Shares—Net Assets | |
Applicable to 208,410,913 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 6,914,052 |
Net Asset Value Per Share—Investor Shares | $33.18 |
Admiral Shares—Net Assets | |
Applicable to 352,722,492 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 37,211,730 |
Net Asset Value Per Share—Admiral Shares | $105.50 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends—Unaffiliated Issuers1 | 121,318 |
Interest—Unaffiliated Issuers | 520 |
Interest—Affiliated Issuers | 15,319 |
Securities Lending—Net | 1,570 |
Total Income | 138,727 |
Expenses | |
Investment Advisory Fees—Note B | |
Basic Fee | 29,738 |
Performance Adjustment | (6,969) |
The Vanguard Group—Note C | |
Management and Administrative—Investor Shares | 7,870 |
Management and Administrative—Admiral Shares | 24,608 |
Marketing and Distribution—Investor Shares | 166 |
Marketing and Distribution—Admiral Shares | 839 |
Custodian Fees | 982 |
Shareholders’ Reports—Investor Shares | 84 |
Shareholders’ Reports—Admiral Shares | 221 |
Trustees’ Fees and Expenses | 15 |
Other Expenses | 305 |
Total Expenses | 57,859 |
Net Investment Income | 80,868 |
Realized Net Gain (Loss) | |
Capital Gains Distributions Received – Affiliated Issuers | 3 |
Investment Securities Sold—Unaffiliated Issuers2 | 1,529,368 |
Investment Securities Sold—Affiliated Issuers | (18) |
Futures Contracts | 218 |
Foreign Currencies | 661 |
Realized Net Gain (Loss) | 1,530,232 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities—Unaffiliated Issuers3 | 1,526,529 |
Investment Securities—Affiliated Issuers | 145,545 |
Futures Contracts | 11,400 |
Foreign Currencies | (3,092) |
Change in Unrealized Appreciation (Depreciation) | 1,680,382 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 3,291,482 |
1 | Dividends include foreign tax reclaims of $2,342,000 and are net of foreign withholding taxes of $12,508,000. |
2 | Realized gain (loss) is net of foreign capital gain taxes of $7,251,000. |
3 | The change in unrealized appreciation (depreciation) is net of the change in deferred foreign capital gains taxes of ($11,842,000). |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 80,868 | 479,913 | |
Realized Net Gain (Loss) | 1,530,232 | 764,383 | |
Change in Unrealized Appreciation (Depreciation) | 1,680,382 | 2,769,653 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 3,291,482 | 4,013,949 | |
Distributions | |||
Investor Shares | (124,245) | (395,795) | |
Admiral Shares | (698,073) | (2,317,351) | |
Total Distributions | (822,318) | (2,713,146) | |
Capital Share Transactions | |||
Investor Shares | 169,362 | (97,479) | |
Admiral Shares | (2,046,228) | (347,462) | |
Net Increase (Decrease) from Capital Share Transactions | (1,876,866) | (444,941) | |
Total Increase (Decrease) | 592,298 | 855,862 | |
Net Assets | |||
Beginning of Period | 43,533,484 | 42,677,622 | |
End of Period | 44,125,782 | 43,533,484 |
Investor Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $31.27 | $30.33 | $54.50 | $42.94 | $28.30 | $31.23 |
Investment Operations | ||||||
Net Investment Income1 | .044 | .313 | .362 | .374 | .238 | .342 |
Net Realized and Unrealized Gain (Loss) on Investments | 2.451 | 2.588 | (18.463) | 12.336 | 14.791 | (1.941) |
Total from Investment Operations | 2.495 | 2.901 | (18.101) | 12.710 | 15.029 | (1.599) |
Distributions | ||||||
Dividends from Net Investment Income | (.323) | (.390) | (.407) | (.106) | (.389) | (.403) |
Distributions from Realized Capital Gains | (.262) | (1.571) | (5.662) | (1.044) | — | (.928) |
Total Distributions | (.585) | (1.961) | (6.069) | (1.150) | (.389) | (1.331) |
Net Asset Value, End of Period | $33.18 | $31.27 | $30.33 | $54.50 | $42.94 | $28.30 |
Total Return2 | 8.06% | 9.82% | -36.53% | 29.89% | 53.60% | -4.58% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $6,914 | $6,340 | $6,243 | $11,247 | $9,658 | $7,056 |
Ratio of Total Expenses to Average Net Assets3 | 0.37% | 0.42% | 0.45%4 | 0.43% | 0.44% | 0.43% |
Ratio of Net Investment Income to Average Net Assets | 0.28% | 1.02% | 0.91% | 0.75% | 0.74% | 1.23% |
Portfolio Turnover Rate | 9% | 14% | 15% | 25% | 20% | 13% |
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 (0.03%), 0.01%, 0.04%, 0.03%, 0.04%, and 0.03%. |
4 | The ratio of expenses to average net assets for the period net of reduction from broker commission abatement arrangements was 0.45%. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $99.47 | $96.50 | $173.47 | $136.68 | $90.05 | $99.45 |
Investment Operations | ||||||
Net Investment Income1 | .197 | 1.101 | 1.290 | 1.367 | .863 | 1.203 |
Net Realized and Unrealized Gain (Loss) on Investments | 7.790 | 8.228 | (58.729) | 39.246 | 47.105 | (6.230) |
Total from Investment Operations | 7.987 | 9.329 | (57.439) | 40.613 | 47.968 | (5.027) |
Distributions | ||||||
Dividends from Net Investment Income | (1.125) | (1.358) | (1.502) | (.497) | (1.338) | (1.418) |
Distributions from Realized Capital Gains | (.832) | (5.001) | (18.029) | (3.326) | — | (2.955) |
Total Distributions | (1.957) | (6.359) | (19.531) | (3.823) | (1.338) | (4.373) |
Net Asset Value, End of Period | $105.50 | $99.47 | $96.50 | $173.47 | $136.68 | $90.05 |
Total Return2 | 8.12% | 9.92% | -36.46% | 30.01% | 53.81% | -4.50% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $37,212 | $37,193 | $36,435 | $62,342 | $46,906 | $28,549 |
Ratio of Total Expenses to Average Net Assets3 | 0.26% | 0.31% | 0.34%4 | 0.32% | 0.33% | 0.32% |
Ratio of Net Investment Income to Average Net Assets | 0.40% | 1.13% | 1.02% | 0.86% | 0.83% | 1.34% |
Portfolio Turnover Rate | 9% | 14% | 15% | 25% | 20% | 13% |
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 (0.03%), 0.01%, 0.04%, 0.03%, 0.04%, and 0.03%. |
4 | The ratio of expenses to average net assets for the period net of reduction from broker commission abatement arrangements was 0.34%. |
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 | 8,479,546 | — | — | 8,479,546 |
Common Stocks—Other | 4,634,204 | 29,255,681 | 271,104 | 34,160,989 |
Preferred Stocks | — | 622,727 | — | 622,727 |
Temporary Cash Investments | 845,321 | — | — | 845,321 |
Total | 13,959,071 | 29,878,408 | 271,104 | 44,108,583 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 5,316 | — | — | 5,316 |
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 29, 2024, 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 | 32,729,347 |
Gross Unrealized Appreciation | 16,644,753 |
Gross Unrealized Depreciation | (5,260,201) |
Net Unrealized Appreciation (Depreciation) | 11,384,552 |
F. | During the six months ended February 29, 2024, the fund purchased $3,655,358,000 of investment securities and sold $6,393,389,000 of investment securities, other than temporary cash investments. |
G. | Capital share transactions for each class of shares were: |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Investor Shares | |||||
Issued | 666,736 | 21,767 | 426,955 | 13,831 | |
Issued in Lieu of Cash Distributions | 118,556 | 3,743 | 380,809 | 12,647 | |
Redeemed | (615,930) | (19,874) | (905,243) | (29,538) | |
Net Increase (Decrease)—Investor Shares | 169,362 | 5,636 | (97,479) | (3,060) | |
Admiral Shares | |||||
Issued | 1,475,773 | 15,114 | 4,499,299 | 46,038 | |
Issued in Lieu of Cash Distributions | 619,747 | 6,153 | 2,093,359 | 21,868 | |
Redeemed | (4,141,748) | (42,449) | (6,940,120) | (71,557) | |
Net Increase (Decrease)—Admiral Shares | (2,046,228) | (21,182) | (347,462) | (3,651) |
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, 2023 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. 29, 2024 Market Value ($000) | |
Brandtech Group Class A | 267,387 | — | — | — | (10,090) | — | — | 257,297 |
Elastic NV | NA1 | 157,425 | — | — | 372,693 | — | — | 833,084 |
HelloFresh SE | 333,112 | — | — | — | (189,633) | — | — | 143,479 |
Jumia Technologies AG ADR | 20,645 | — | — | — | 20,309 | — | — | 40,954 |
Ocado Group plc | 518,583 | — | — | — | (213,662) | — | — | 304,921 |
Vanguard Market Liquidity Fund | 789,745 | NA2 | NA2 | (18) | 10 | 15,319 | 3 | 845,321 |
Wix.com Ltd. | 395,744 | — | — | — | 165,918 | — | — | 561,662 |
Total | 2,325,216 | 157,425 | — | (18) | 145,545 | 15,319 | 3 | 2,986,718 |
1 | Not applicable—at August 31, 2023, the issuer was not an affiliated company of the fund. |
2 | Not applicable—purchases and sales are for temporary cash investment purposes. |
I. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
J. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
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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 29, 2024 | |||
Beginning Account Value 8/31/2023 | Ending Account Value 2/29/2024 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
FTSE Social Index Fund | |||
Admiral™ Shares | $1,000.00 | $1,155.60 | $0.75 |
Institutional Shares | 1,000.00 | 1,155.70 | 0.64 |
Based on Hypothetical 5% Yearly Return | |||
FTSE Social Index Fund | |||
Admiral Shares | $1,000.00 | $1,024.17 | $0.70 |
Institutional Shares | 1,000.00 | 1,024.27 | 0.60 |
Basic Materials | 1.5% |
Consumer Discretionary | 16.0 |
Consumer Staples | 4.7 |
Energy | 0.1 |
Financials | 9.5 |
Health Care | 13.2 |
Industrials | 9.6 |
Real Estate | 2.6 |
Technology | 39.9 |
Telecommunications | 2.5 |
Utilities | 0.4 |
Shares | Market Value• ($000) | ||
Common Stocks (99.7%) | |||
Basic Materials (1.5%) | |||
Linde plc | 247,002 | 110,860 | |
Air Products and Chemicals Inc. | 113,003 | 26,447 | |
Nucor Corp. | 126,585 | 24,342 | |
Fastenal Co. | 290,948 | 21,242 | |
Newmont Corp. (XNYS) | 587,837 | 18,370 | |
LyondellBasell Industries NV Class A | 131,872 | 13,224 | |
Steel Dynamics Inc. | 79,502 | 10,639 | |
International Flavors & Fragrances Inc. | 130,051 | 9,819 | |
Avery Dennison Corp. | 41,109 | 8,901 | |
Albemarle Corp. | 59,556 | 8,210 | |
CF Industries Holdings Inc. | 97,916 | 7,904 | |
International Paper Co. | 176,295 | 6,234 | |
Mosaic Co. | 168,833 | 5,261 | |
FMC Corp. | 63,717 | 3,593 | |
Westlake Corp. | 16,445 | 2,281 | |
277,327 | |||
Consumer Discretionary (15.9%) | |||
* | Amazon.com Inc. | 4,591,642 | 811,619 |
* | Tesla Inc. | 1,406,172 | 283,878 |
Home Depot Inc. | 509,736 | 194,011 | |
Costco Wholesale Corp. | 225,787 | 167,961 | |
* | Netflix Inc. | 220,028 | 132,659 |
McDonald's Corp. | 371,672 | 108,632 | |
Walt Disney Co. | 931,955 | 103,987 | |
* | Uber Technologies Inc. | 1,002,901 | 79,731 |
Lowe's Cos. Inc. | 294,340 | 70,839 | |
* | Booking Holdings Inc. | 18,185 | 63,081 |
NIKE Inc. Class B | 606,005 | 62,982 | |
TJX Cos. Inc. | 586,985 | 58,194 | |
Starbucks Corp. | 574,980 | 54,566 | |
* | Chipotle Mexican Grill Inc. | 13,996 | 37,632 |
* | MercadoLibre Inc. | 23,546 | 37,563 |
Target Corp. | 234,384 | 35,842 | |
* | O'Reilly Automotive Inc. | 30,118 | 32,751 |
* | Airbnb Inc. Class A | 206,541 | 32,524 |
Marriott International Inc. Class A | 124,125 | 31,015 | |
* | AutoZone Inc. | 8,967 | 26,955 |
* | Lululemon Athletica Inc. | 56,678 | 26,474 |
Hilton Worldwide Holdings Inc. | 126,887 | 25,925 | |
Ross Stores Inc. | 171,079 | 25,484 |
Shares | Market Value• ($000) | ||
Ford Motor Co. | 1,999,288 | 24,871 | |
* | Copart Inc. | 437,061 | 23,230 |
Lennar Corp. Class A | 125,114 | 19,832 | |
Yum! Brands Inc. | 142,815 | 19,768 | |
Electronic Arts Inc. | 137,875 | 19,231 | |
* | Trade Desk Inc. Class A | 224,467 | 19,176 |
* | Spotify Technology SA | 71,417 | 18,312 |
Estee Lauder Cos. Inc. Class A | 117,531 | 17,463 | |
Dollar General Corp. | 111,673 | 16,227 | |
* | Dollar Tree Inc. | 106,300 | 15,592 |
* | Royal Caribbean Cruises Ltd. | 119,129 | 14,695 |
Tractor Supply Co. | 55,745 | 14,177 | |
* | Ulta Beauty Inc. | 25,023 | 13,727 |
eBay Inc. | 272,146 | 12,867 | |
* | Take-Two Interactive Software Inc. | 83,956 | 12,336 |
PulteGroup Inc. | 109,092 | 11,823 | |
* | NVR Inc. | 1,504 | 11,469 |
* | Aptiv plc | 137,830 | 10,956 |
Garmin Ltd. | 78,305 | 10,755 | |
Genuine Parts Co. | 71,480 | 10,669 | |
* | Coupang Inc. | 558,027 | 10,335 |
* | Warner Bros Discovery Inc. | 1,122,817 | 9,870 |
* | Expedia Group Inc. | 70,083 | 9,589 |
* | Roblox Corp. Class A | 236,626 | 9,441 |
Omnicom Group Inc. | 100,390 | 8,873 | |
* | Carnival Corp. | 506,194 | 8,028 |
Best Buy Co. Inc. | 99,085 | 8,014 | |
Domino's Pizza Inc. | 17,772 | 7,968 | |
* | Live Nation Entertainment Inc. | 79,686 | 7,728 |
Pool Corp. | 19,309 | 7,687 | |
LKQ Corp. | 135,558 | 7,088 | |
* | Liberty Media Corp.-Liberty Formula One Class C | 97,206 | 7,073 |
* | Burlington Stores Inc. | 32,886 | 6,745 |
* | CarMax Inc. | 80,496 | 6,359 |
Interpublic Group of Cos. Inc. | 196,338 | 6,165 | |
Rollins Inc. | 130,114 | 5,734 | |
Bath & Body Works Inc. | 116,404 | 5,320 | |
News Corp. Class A | 192,214 | 5,167 | |
* | Etsy Inc. | 62,386 | 4,472 |
Autoliv Inc. | 38,184 | 4,430 | |
Vail Resorts Inc. | 19,219 | 4,426 | |
Lear Corp. | 29,515 | 4,054 |
Shares | Market Value• ($000) | ||
* | Rivian Automotive Inc. Class A | 336,782 | 3,812 |
Fox Corp. Class A | 126,343 | 3,764 | |
BorgWarner Inc. (XNYS) | 118,857 | 3,700 | |
Aramark | 119,426 | 3,622 | |
Delta Air Lines Inc. | 81,702 | 3,453 | |
Hasbro Inc. | 66,699 | 3,354 | |
Paramount Global Class B | 293,790 | 3,243 | |
Whirlpool Corp. | 27,127 | 2,913 | |
VF Corp. | 177,221 | 2,896 | |
Southwest Airlines Co. | 75,840 | 2,599 | |
* | Liberty Media Corp.-Liberty SiriusXM Class C | 80,732 | 2,340 |
* | United Airlines Holdings Inc. | 41,857 | 1,904 |
Fox Corp. Class B | 67,664 | 1,853 | |
News Corp. Class B | 60,850 | 1,703 | |
* | Liberty Media Corp.-Liberty SiriusXM Class A | 48,103 | 1,402 |
* | American Airlines Group Inc. | 84,012 | 1,317 |
*,1 | Lucid Group Inc. | 382,056 | 1,261 |
1 | Sirius XM Holdings Inc. | 222,898 | 985 |
Lennar Corp. Class B | 6,478 | 955 | |
* | Liberty Media Corp.-Liberty Formula One Class A | 13,742 | 901 |
3,024,024 | |||
Consumer Staples (4.7%) | |||
Procter & Gamble Co. | 1,199,755 | 190,689 | |
Coca-Cola Co. | 1,985,039 | 119,142 | |
PepsiCo Inc. | 702,156 | 116,095 | |
Mondelez International Inc. Class A | 693,091 | 50,644 | |
CVS Health Corp. | 652,588 | 48,533 | |
Colgate-Palmolive Co. | 418,126 | 36,176 | |
McKesson Corp. | 69,086 | 36,022 | |
* | Monster Beverage Corp. | 379,067 | 22,403 |
Sysco Corp. | 258,516 | 20,932 | |
Kimberly-Clark Corp. | 171,612 | 20,794 | |
Corteva Inc. | 363,410 | 19,450 | |
Cencora Inc. | 82,361 | 19,404 | |
General Mills Inc. | 296,280 | 19,015 | |
Kroger Co. | 332,652 | 16,503 | |
Keurig Dr Pepper Inc. | 485,231 | 14,513 | |
Kraft Heinz Co. | 409,394 | 14,443 | |
Archer-Daniels-Midland Co. | 271,770 | 14,434 | |
Hershey Co. | 76,297 | 14,338 | |
Church & Dwight Co. Inc. | 124,374 | 12,452 | |
Clorox Co. | 63,029 | 9,663 | |
McCormick & Co. Inc. | 127,930 | 8,809 | |
Walgreens Boots Alliance Inc. | 364,408 | 7,747 | |
Tyson Foods Inc. Class A | 141,337 | 7,666 | |
Lamb Weston Holdings Inc. | 74,078 | 7,572 | |
Kellanova | 132,141 | 7,288 | |
Coca-Cola Europacific Partners plc | 102,820 | 7,057 | |
Bunge Global SA | 73,649 | 6,950 | |
Conagra Brands Inc. | 242,162 | 6,800 | |
J M Smucker Co. | 52,273 | 6,282 |
Shares | Market Value• ($000) | ||
Hormel Foods Corp. | 147,266 | 5,201 | |
Campbell Soup Co. | 97,367 | 4,152 | |
WK Kellogg Co. | 32,564 | 477 | |
891,646 | |||
Energy (0.1%) | |||
* | Enphase Energy Inc. | 67,669 | 8,595 |
* | First Solar Inc. | 54,209 | 8,342 |
* | SolarEdge Technologies Inc. | 28,451 | 1,911 |
18,848 | |||
Financials (9.5%) | |||
JPMorgan Chase & Co. | 1,471,134 | 273,719 | |
Bank of America Corp. | 3,511,911 | 121,231 | |
S&P Global Inc. | 163,483 | 70,033 | |
Goldman Sachs Group Inc. | 162,501 | 63,221 | |
BlackRock Inc. | 75,751 | 61,460 | |
Progressive Corp. | 297,807 | 56,452 | |
Citigroup Inc. | 974,596 | 54,080 | |
Morgan Stanley | 612,716 | 52,718 | |
Chubb Ltd. | 206,883 | 52,066 | |
Marsh & McLennan Cos. Inc. | 252,188 | 51,010 | |
Charles Schwab Corp. | 755,308 | 50,440 | |
Blackstone Inc. | 363,135 | 46,416 | |
CME Group Inc. | 182,943 | 40,312 | |
Intercontinental Exchange Inc. | 288,421 | 39,923 | |
US Bancorp | 793,956 | 33,314 | |
Aon plc Class A (XNYS) | 100,977 | 31,908 | |
Moody's Corp. | 80,850 | 30,676 | |
PNC Financial Services Group Inc. | 202,927 | 29,871 | |
Apollo Global Management Inc. | 265,733 | 29,709 | |
American International Group Inc. | 362,579 | 26,428 | |
Arthur J Gallagher & Co. | 107,869 | 26,313 | |
Travelers Cos. Inc. | 116,129 | 25,660 | |
Aflac Inc. | 300,575 | 24,268 | |
Truist Financial Corp. | 675,788 | 23,639 | |
MetLife Inc. | 322,668 | 22,503 | |
Bank of New York Mellon Corp. | 392,252 | 22,001 | |
MSCI Inc. | 39,115 | 21,942 | |
Allstate Corp. | 133,618 | 21,315 | |
Ameriprise Financial Inc. | 52,269 | 21,292 | |
Prudential Financial Inc. | 184,951 | 20,158 | |
* | Arch Capital Group Ltd. | 182,276 | 15,966 |
Discover Financial Services | 126,959 | 15,324 | |
Hartford Financial Services Group Inc. | 150,500 | 14,424 | |
Willis Towers Watson plc | 52,715 | 14,371 | |
* | NU Holdings Ltd. Class A | 1,190,278 | 13,188 |
T Rowe Price Group Inc. | 112,245 | 12,723 | |
Broadridge Financial Solutions Inc. | 59,676 | 12,149 | |
Fifth Third Bancorp | 345,263 | 11,856 | |
M&T Bank Corp. | 84,317 | 11,782 | |
Raymond James Financial Inc. | 96,330 | 11,590 | |
State Street Corp. | 156,925 | 11,570 | |
Cboe Global Markets Inc. | 53,626 | 10,296 | |
LPL Financial Holdings Inc. | 38,413 | 10,291 | |
Brown & Brown Inc. | 120,865 | 10,178 |
Shares | Market Value• ($000) | ||
* | Markel Group Inc. | 6,696 | 9,994 |
Principal Financial Group Inc. | 123,144 | 9,957 | |
Nasdaq Inc. | 174,024 | 9,780 | |
Huntington Bancshares Inc. | 733,342 | 9,563 | |
FactSet Research Systems Inc. | 19,516 | 9,028 | |
Cincinnati Financial Corp. | 78,129 | 8,907 | |
Regions Financial Corp. | 475,551 | 8,860 | |
First Citizens BancShares Inc. Class A | 5,518 | 8,684 | |
Northern Trust Corp. | 104,314 | 8,567 | |
W R Berkley Corp. | 101,914 | 8,520 | |
Everest Group Ltd. | 21,816 | 8,048 | |
Citizens Financial Group Inc. | 237,091 | 7,442 | |
Loews Corp. | 93,087 | 6,994 | |
KeyCorp | 473,928 | 6,763 | |
Fidelity National Financial Inc. | 131,974 | 6,675 | |
Equitable Holdings Inc. | 176,336 | 6,038 | |
Credicorp Ltd. | 34,729 | 5,935 | |
RenaissanceRe Holdings Ltd. | 25,594 | 5,754 | |
Globe Life Inc. | 44,791 | 5,685 | |
Ally Financial Inc. | 137,433 | 5,084 | |
Annaly Capital Management Inc. | 250,870 | 4,789 | |
MarketAxess Holdings Inc. | 18,836 | 4,020 | |
Franklin Resources Inc. | 144,971 | 3,979 | |
SEI Investments Co. | 51,260 | 3,447 | |
Voya Financial Inc. | 49,974 | 3,416 | |
CNA Financial Corp. | 13,035 | 573 | |
1,796,288 | |||
Health Care (13.2%) | |||
Eli Lilly & Co. | 431,292 | 325,056 | |
UnitedHealth Group Inc. | 473,733 | 233,835 | |
Merck & Co. Inc. | 1,294,487 | 164,594 | |
AbbVie Inc. | 899,318 | 158,325 | |
Thermo Fisher Scientific Inc. | 196,605 | 112,100 | |
Abbott Laboratories | 882,229 | 104,668 | |
Danaher Corp. | 335,406 | 84,905 | |
Pfizer Inc. | 2,879,620 | 76,483 | |
Amgen Inc. | 272,231 | 74,545 | |
* | Intuitive Surgical Inc. | 177,988 | 68,632 |
Stryker Corp. | 181,037 | 63,195 | |
Elevance Health Inc. | 120,814 | 60,558 | |
Medtronic plc | 676,942 | 56,430 | |
* | Vertex Pharmaceuticals Inc. | 131,277 | 55,233 |
Bristol-Myers Squibb Co. | 1,037,658 | 52,661 | |
* | Regeneron Pharmaceuticals Inc. | 52,230 | 50,459 |
Cigna Group | 148,787 | 50,013 | |
* | Boston Scientific Corp. | 745,365 | 49,351 |
Zoetis Inc. | 235,870 | 46,780 | |
Gilead Sciences Inc. | 636,934 | 45,923 | |
Becton Dickinson & Co. | 147,582 | 34,763 | |
HCA Healthcare Inc. | 101,343 | 31,589 | |
* | Edwards Lifesciences Corp. | 306,783 | 26,037 |
* | IDEXX Laboratories Inc. | 41,949 | 24,130 |
* | IQVIA Holdings Inc. | 92,695 | 22,911 |
* | DexCom Inc. | 197,016 | 22,671 |
Shares | Market Value• ($000) | ||
Humana Inc. | 63,656 | 22,300 | |
* | Centene Corp. | 271,892 | 21,324 |
Agilent Technologies Inc. | 148,917 | 20,455 | |
GE Healthcare Inc. | 205,302 | 18,740 | |
* | Veeva Systems Inc. Class A | 73,794 | 16,641 |
* | Biogen Inc. | 73,425 | 15,932 |
* | Moderna Inc. | 169,452 | 15,630 |
Cardinal Health Inc. | 125,587 | 14,063 | |
West Pharmaceutical Services Inc. | 37,659 | 13,495 | |
* | ICON plc | 41,498 | 13,305 |
Zimmer Biomet Holdings Inc. | 106,888 | 13,293 | |
ResMed Inc. | 73,898 | 12,838 | |
STERIS plc | 50,518 | 11,766 | |
* | Align Technology Inc. | 38,870 | 11,755 |
* | Molina Healthcare Inc. | 29,420 | 11,589 |
* | Illumina Inc. | 80,544 | 11,262 |
Baxter International Inc. | 257,540 | 10,539 | |
* | Alnylam Pharmaceuticals Inc. | 63,056 | 9,527 |
Laboratory Corp. of America Holdings | 43,196 | 9,323 | |
Cooper Cos. Inc. | 99,078 | 9,274 | |
* | Hologic Inc. | 123,577 | 9,120 |
* | Avantor Inc. | 343,190 | 8,456 |
* | BioMarin Pharmaceutical Inc. | 95,235 | 8,217 |
Viatris Inc. | 608,423 | 7,526 | |
Quest Diagnostics Inc. | 56,977 | 7,116 | |
Revvity Inc. | 63,090 | 6,914 | |
* | Charles River Laboratories International Inc. | 25,868 | 6,575 |
Bio-Techne Corp. | 79,325 | 5,836 | |
* | Insulet Corp. | 35,268 | 5,784 |
Royalty Pharma plc Class A | 189,336 | 5,744 | |
* | Incyte Corp. | 93,961 | 5,484 |
Teleflex Inc. | 23,939 | 5,333 | |
* | Catalent Inc. | 91,367 | 5,239 |
* | Exact Sciences Corp. | 90,968 | 5,233 |
Universal Health Services Inc. Class B | 30,472 | 5,091 | |
* | Henry Schein Inc. | 66,219 | 5,064 |
* | Jazz Pharmaceuticals plc | 31,094 | 3,697 |
DENTSPLY SIRONA Inc. | 107,755 | 3,521 | |
* | DaVita Inc. | 27,587 | 3,503 |
* | Bio-Rad Laboratories Inc. Class A | 10,495 | 3,420 |
* | Masimo Corp. | 21,896 | 2,815 |
2,498,586 | |||
Industrials (9.6%) | |||
Visa Inc. Class A | 812,924 | 229,765 | |
Mastercard Inc. Class A | 423,141 | 200,890 | |
Accenture plc Class A | 322,027 | 120,689 | |
Caterpillar Inc. | 260,024 | 86,838 | |
Union Pacific Corp. | 310,640 | 78,806 | |
American Express Co. | 295,650 | 64,871 | |
United Parcel Service Inc. Class B (XNYS) | 369,086 | 54,721 | |
Automatic Data Processing Inc. | 210,783 | 52,934 | |
Deere & Co. | 135,072 | 49,308 | |
* | Fiserv Inc. | 304,613 | 45,470 |
Sherwin-Williams Co. | 121,179 | 40,235 |
Shares | Market Value• ($000) | ||
Illinois Tool Works Inc. | 152,537 | 39,988 | |
CSX Corp. | 1,005,437 | 38,146 | |
* | PayPal Holdings Inc. | 559,536 | 33,762 |
Trane Technologies plc | 115,982 | 32,703 | |
FedEx Corp. | 118,160 | 29,418 | |
PACCAR Inc. | 261,149 | 28,959 | |
Cintas Corp. | 44,130 | 27,741 | |
Capital One Financial Corp. | 193,142 | 26,578 | |
Carrier Global Corp. | 424,423 | 23,589 | |
Old Dominion Freight Line Inc. | 50,245 | 22,232 | |
* | Block Inc. (XNYS) | 276,167 | 21,947 |
Fidelity National Information Services Inc. | 301,577 | 20,866 | |
Johnson Controls International plc | 346,544 | 20,540 | |
Paychex Inc. | 164,171 | 20,131 | |
Otis Worldwide Corp. | 210,597 | 20,070 | |
Ingersoll Rand Inc. (XYNS) | 206,193 | 18,832 | |
Martin Marietta Materials Inc. | 31,448 | 18,168 | |
Vulcan Materials Co. | 67,484 | 17,941 | |
Verisk Analytics Inc. | 72,703 | 17,587 | |
Global Payments Inc. | 131,366 | 17,038 | |
Equifax Inc. | 62,089 | 16,987 | |
Rockwell Automation Inc. | 58,483 | 16,672 | |
DuPont de Nemours Inc. | 233,953 | 16,187 | |
* | Fair Isaac Corp. | 12,348 | 15,681 |
* | Keysight Technologies Inc. | 90,316 | 13,936 |
* | Mettler-Toledo International Inc. | 11,085 | 13,825 |
Westinghouse Air Brake Technologies Corp. | 90,777 | 12,826 | |
* | Builders FirstSource Inc. | 62,627 | 12,224 |
Dover Corp. | 71,021 | 11,745 | |
* | FleetCor Technologies Inc. | 36,609 | 10,224 |
* | Waters Corp. | 29,848 | 10,071 |
Veralto Corp. | 111,712 | 9,654 | |
IDEX Corp. | 38,536 | 9,091 | |
Expeditors International of Washington Inc. | 75,072 | 8,979 | |
Masco Corp. | 114,610 | 8,797 | |
Synchrony Financial | 209,977 | 8,672 | |
JB Hunt Transport Services Inc. | 41,928 | 8,650 | |
Packaging Corp. of America | 44,986 | 8,151 | |
* | Trimble Inc. | 125,343 | 7,670 |
TransUnion | 98,218 | 7,625 | |
Snap-on Inc. | 26,461 | 7,294 | |
* | Zebra Technologies Corp. Class A | 26,038 | 7,277 |
Stanley Black & Decker Inc. | 77,940 | 6,959 | |
Pentair plc | 83,543 | 6,499 | |
Jack Henry & Associates Inc. | 37,025 | 6,434 | |
CNH Industrial NV | 495,795 | 5,925 | |
Westrock Co. | 129,597 | 5,869 | |
Allegion plc | 44,680 | 5,713 | |
Fortune Brands Innovations Inc. | 64,214 | 5,223 |
Shares | Market Value• ($000) | ||
CH Robinson Worldwide Inc. | 58,445 | 4,330 | |
Robert Half Inc. | 52,547 | 4,225 | |
* | Generac Holdings Inc. | 31,012 | 3,489 |
* | Bill Holdings Inc. | 52,312 | 3,313 |
Vestis Corp. | 60,171 | 1,129 | |
1,822,109 | |||
Real Estate (2.6%) | |||
Prologis Inc. | 470,133 | 62,655 | |
American Tower Corp. | 237,232 | 47,176 | |
Equinix Inc. | 47,564 | 42,276 | |
Welltower Inc. | 273,453 | 25,201 | |
Simon Property Group Inc. | 165,348 | 24,495 | |
Crown Castle Inc. | 220,422 | 24,233 | |
Public Storage | 79,814 | 22,657 | |
Digital Realty Trust Inc. | 153,859 | 22,588 | |
Realty Income Corp. | 423,645 | 22,076 | |
* | CoStar Group Inc. | 206,486 | 17,970 |
Extra Space Storage Inc. | 106,588 | 15,026 | |
* | CBRE Group Inc. Class A | 154,630 | 14,209 |
AvalonBay Communities Inc. | 72,242 | 12,789 | |
Iron Mountain Inc. | 147,506 | 11,600 | |
SBA Communications Corp. | 54,659 | 11,436 | |
Equity Residential | 189,851 | 11,431 | |
Alexandria Real Estate Equities Inc. | 87,324 | 10,892 | |
Invitation Homes Inc. | 311,451 | 10,611 | |
Ventas Inc. | 203,621 | 8,611 | |
Sun Communities Inc. | 62,498 | 8,360 | |
Essex Property Trust Inc. | 32,546 | 7,531 | |
Host Hotels & Resorts Inc. | 359,498 | 7,456 | |
Mid-America Apartment Communities Inc. | 59,184 | 7,438 | |
Kimco Realty Corp. | 333,731 | 6,594 | |
Equity LifeStyle Properties Inc. | 90,472 | 6,091 | |
WP Carey Inc. | 107,884 | 6,077 | |
UDR Inc. | 167,115 | 5,933 | |
Regency Centers Corp. | 92,084 | 5,705 | |
Healthpeak Properties Inc. | 322,427 | 5,401 | |
Boston Properties Inc. | 80,018 | 5,179 | |
* | Zillow Group Inc. Class C | 79,404 | 4,458 |
Federal Realty Investment Trust | 41,145 | 4,149 | |
* | Zillow Group Inc. Class A | 27,463 | 1,485 |
NET Lease Office Properties | 7,304 | 178 | |
499,967 | |||
Technology (39.8%) | |||
Microsoft Corp. | 3,792,928 | 1,568,907 | |
Apple Inc. | 7,515,470 | 1,358,421 | |
NVIDIA Corp. | 1,210,981 | 958,031 | |
Meta Platforms Inc. Class A | 1,127,270 | 552,509 | |
* | Alphabet Inc. Class A | 3,028,623 | 419,343 |
* | Alphabet Inc. Class C | 2,558,003 | 357,558 |
Broadcom Inc. | 219,716 | 285,738 | |
* | Advanced Micro Devices Inc. | 816,890 | 157,276 |
* | Salesforce Inc. | 482,386 | 148,970 |
* | Adobe Inc. | 233,515 | 130,834 |
Intel Corp. | 2,150,516 | 92,580 |
Shares | Market Value• ($000) | ||
Intuit Inc. | 139,224 | 92,290 | |
QUALCOMM Inc. | 568,557 | 89,713 | |
Oracle Corp. | 786,276 | 87,811 | |
Applied Materials Inc. | 425,817 | 85,853 | |
* | ServiceNow Inc. | 103,760 | 80,034 |
Texas Instruments Inc. | 462,619 | 77,410 | |
Lam Research Corp. | 67,064 | 62,923 | |
Micron Technology Inc. | 556,923 | 50,463 | |
* | Palo Alto Networks Inc. | 156,083 | 48,472 |
KLA Corp. | 69,904 | 47,695 | |
* | Synopsys Inc. | 77,406 | 44,410 |
* | Cadence Design Systems Inc. | 137,744 | 41,926 |
* | Crowdstrike Holdings Inc. Class A | 108,723 | 35,243 |
NXP Semiconductors NV | 131,949 | 32,952 | |
Marvell Technology Inc. | 435,320 | 31,195 | |
* | Snowflake Inc. Class A | 160,169 | 30,157 |
* | Workday Inc. Class A | 102,257 | 30,131 |
* | Autodesk Inc. | 109,486 | 28,266 |
* | Palantir Technologies Inc. Class A | 970,183 | 24,332 |
* | Fortinet Inc. | 334,596 | 23,124 |
Microchip Technology Inc. | 273,976 | 23,052 | |
Cognizant Technology Solutions Corp. Class A | 258,784 | 20,449 | |
* | DoorDash Inc. Class A | 155,837 | 19,413 |
* | Datadog Inc. Class A | 139,121 | 18,289 |
* | Gartner Inc. | 39,103 | 18,205 |
* | ON Semiconductor Corp. | 219,717 | 17,340 |
CDW Corp. | 68,877 | 16,958 | |
Monolithic Power Systems Inc. | 23,413 | 16,858 | |
* | Atlassian Corp. Ltd. Class A | 78,999 | 16,386 |
* | MongoDB Inc. | 34,098 | 15,262 |
* | Cloudflare Inc. Class A | 147,885 | 14,573 |
* | HubSpot Inc. | 23,240 | 14,381 |
Corning Inc. | 387,265 | 12,485 | |
HP Inc. | 439,877 | 12,462 | |
* | Splunk Inc. | 79,201 | 12,373 |
* | Pinterest Inc. Class A | 298,190 | 10,944 |
* | Zscaler Inc. | 45,083 | 10,909 |
* | PTC Inc. | 58,363 | 10,681 |
Hewlett Packard Enterprise Co. | 652,567 | 9,939 | |
Seagate Technology Holdings plc | 106,156 | 9,878 | |
* | Western Digital Corp. | 165,325 | 9,832 |
NetApp Inc. | 107,472 | 9,578 | |
* | Tyler Technologies Inc. | 21,168 | 9,253 |
* | Zoom Video Communications Inc. Class A | 129,478 | 9,158 |
* | VeriSign Inc. | 45,171 | 8,821 |
* | EPAM Systems Inc. | 28,306 | 8,616 |
* | GoDaddy Inc. Class A | 74,652 | 8,521 |
Skyworks Solutions Inc. | 80,951 | 8,493 | |
* | Akamai Technologies Inc. | 75,954 | 8,425 |
* | Okta Inc. | 77,790 | 8,347 |
Teradyne Inc. | 78,510 | 8,133 | |
* | Check Point Software Technologies Ltd. | 47,695 | 7,651 |
SS&C Technologies Holdings Inc. | 110,526 | 7,047 | |
* | Flex Ltd. | 221,254 | 6,228 |
Shares | Market Value• ($000) | ||
Gen Digital Inc. (XNGS) | 282,074 | 6,062 | |
* | Qorvo Inc. | 49,925 | 5,719 |
* | F5 Inc. | 30,140 | 5,643 |
* | DocuSign Inc. | 103,092 | 5,492 |
Amdocs Ltd. | 59,728 | 5,447 | |
* | Ceridian HCM Holding Inc. | 74,916 | 5,226 |
* | Twilio Inc. Class A | 86,285 | 5,142 |
* | Match Group Inc. | 141,600 | 5,103 |
Paycom Software Inc. | 26,240 | 4,786 | |
* | UiPath Inc. Class A | 193,342 | 4,592 |
* | Unity Software Inc. | 147,894 | 4,336 |
* | Arrow Electronics Inc. | 28,289 | 3,324 |
* | ZoomInfo Technologies Inc. | 152,801 | 2,561 |
*,1 | GLOBALFOUNDRIES Inc. | 39,915 | 2,182 |
*,2 | Yandex NV Class A | 125,281 | — |
7,559,122 | |||
Telecommunications (2.4%) | |||
Cisco Systems Inc. | 2,066,575 | 99,960 | |
Comcast Corp. Class A | 2,034,580 | 87,182 | |
Verizon Communications Inc. | 2,144,668 | 85,830 | |
AT&T Inc. | 3,648,625 | 61,771 | |
T-Mobile US Inc. | 266,766 | 43,563 | |
* | Arista Networks Inc. | 127,747 | 35,455 |
Motorola Solutions Inc. | 84,167 | 27,808 | |
* | Charter Communications Inc. Class A | 51,308 | 15,081 |
Juniper Networks Inc. | 162,177 | 6,005 | |
* | Liberty Global Ltd. Class C | 111,431 | 2,067 |
* | Liberty Global Ltd. Class A | 86,455 | 1,513 |
Ubiquiti Inc. | 2,078 | 243 | |
466,478 | |||
Utilities (0.4%) | |||
Waste Management Inc. | 207,204 | 42,611 | |
Republic Services Inc. | 105,269 | 19,327 | |
American Water Works Co. Inc. | 99,144 | 11,753 | |
Atmos Energy Corp. | 75,387 | 8,512 | |
82,203 | |||
Total Common Stocks (Cost $10,211,934) | 18,936,598 |
Shares | Market Value• ($000) | ||
Temporary Cash Investments (0.2%) | |||
Money Market Fund (0.2%) | |||
3,4 | Vanguard Market Liquidity Fund, 5.400% (Cost $32,488) | 324,946 | 32,492 |
Total Investments (99.9%) (Cost $10,244,422) | 18,969,090 | ||
Other Assets and Liabilities—Net (0.1%) | 19,474 | ||
Net Assets (100%) | 18,988,564 | ||
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 $4,002,000. |
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 $4,317,000 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 2024 | 198 | 50,527 | 602 |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $10,211,934) | 18,936,598 |
Affiliated Issuers (Cost $32,488) | 32,492 |
Total Investments in Securities | 18,969,090 |
Investment in Vanguard | 563 |
Cash Collateral Pledged—Futures Contracts | 2,090 |
Receivables for Investment Securities Sold | 179 |
Receivables for Accrued Income | 17,697 |
Receivables for Capital Shares Issued | 22,022 |
Variation Margin Receivable—Futures Contracts | 207 |
Total Assets | 19,011,848 |
Liabilities | |
Due to Custodian | 102 |
Payables for Investment Securities Purchased | 937 |
Collateral for Securities on Loan | 4,317 |
Payables for Capital Shares Redeemed | 16,991 |
Payables to Vanguard | 937 |
Total Liabilities | 23,284 |
Net Assets | 18,988,564 |
1 Includes $4,002,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 10,911,533 |
Total Distributable Earnings (Loss) | 8,077,031 |
Net Assets | 18,988,564 |
Admiral Shares—Net Assets | |
Applicable to 200,454,270 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 9,747,639 |
Net Asset Value Per Share—Admiral Shares | $48.63 |
Institutional Shares—Net Assets | |
Applicable to 263,989,693 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 9,240,925 |
Net Asset Value Per Share—Institutional Shares | $35.00 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 109,876 |
Interest2 | 945 |
Securities Lending—Net | 171 |
Total Income | 110,992 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 160 |
Management and Administrative—Admiral Shares | 5,662 |
Management and Administrative—Institutional Shares | 4,473 |
Marketing and Distribution—Admiral Shares | 230 |
Marketing and Distribution—Institutional Shares | 129 |
Custodian Fees | 63 |
Shareholders’ Reports—Admiral Shares | 63 |
Shareholders’ Reports—Institutional Shares | 53 |
Trustees’ Fees and Expenses | 6 |
Other Expenses | 9 |
Total Expenses | 10,848 |
Expenses Paid Indirectly | (13) |
Net Expenses | 10,835 |
Net Investment Income | 100,157 |
Realized Net Gain (Loss) | |
Investment Securities Sold2 | 26,540 |
Futures Contracts | 5,058 |
Realized Net Gain (Loss) | 31,598 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 2,396,415 |
Futures Contracts | 451 |
Change in Unrealized Appreciation (Depreciation) | 2,396,866 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 2,528,621 |
1 | Dividends are net of foreign withholding taxes of $46,000. |
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 $892,000, $3,000, less than $1,000, and $3,000, respectively. Purchases and sales are for temporary cash investment purposes. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 100,157 | 184,957 | |
Realized Net Gain (Loss) | 31,598 | (166,328) | |
Change in Unrealized Appreciation (Depreciation) | 2,396,866 | 2,254,798 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 2,528,621 | 2,273,427 | |
Distributions | |||
Admiral Shares | (57,116) | (95,885) | |
Institutional Shares | (53,338) | (81,511) | |
Total Distributions | (110,454) | (177,396) | |
Capital Share Transactions | |||
Admiral Shares | 7,508 | (143,211) | |
Institutional Shares | 503,133 | 602,768 | |
Net Increase (Decrease) from Capital Share Transactions | 510,641 | 459,557 | |
Total Increase (Decrease) | 2,928,808 | 2,555,588 | |
Net Assets | |||
Beginning of Period | 16,059,756 | 13,504,168 | |
End of Period | 18,988,564 | 16,059,756 |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | February 7, 20191 to August 31, | Year Ended August 31, | |||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $42.36 | $36.76 | $44.39 | $34.27 | $27.27 | $25.00 |
Investment Operations | ||||||
Net Investment Income2 | .258 | .494 | .464 | .432 | .465 | .273 |
Net Realized and Unrealized Gain (Loss) on Investments | 6.299 | 5.583 | (7.647) | 10.110 | 6.996 | 2.183 |
Total from Investment Operations | 6.557 | 6.077 | (7.183) | 10.542 | 7.461 | 2.456 |
Distributions | ||||||
Dividends from Net Investment Income | (.287) | (.477) | (.447) | (.422) | (.461) | (.186) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.287) | (.477) | (.447) | (.422) | (.461) | (.186) |
Net Asset Value, End of Period | $48.63 | $42.36 | $36.76 | $44.39 | $34.27 | $27.27 |
Total Return3 | 15.56% | 16.74% | -16.28% | 31.04% | 27.83% | 9.85% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $9,748 | $8,489 | $7,512 | $8,573 | $5,305 | $3,478 |
Ratio of Total Expenses to Average Net Assets | 0.14%4 | 0.14%4 | 0.14% | 0.14% | 0.14% | 0.14%5 |
Ratio of Net Investment Income to Average Net Assets | 1.16% | 1.31% | 1.12% | 1.13% | 1.60% | 1.79%5 |
Portfolio Turnover Rate | 2% | 5%6 | 8%6 | 4%6 | 18% | 11%6,7 |
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 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.14%. |
5 | Annualized. |
6 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares. |
7 | 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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $30.49 | $26.47 | $31.96 | $24.67 | $19.63 | $19.28 |
Investment Operations | ||||||
Net Investment Income1 | .190 | .362 | .340 | .317 | .339 | .314 |
Net Realized and Unrealized Gain (Loss) on Investments | 4.530 | 4.007 | (5.502) | 7.282 | 5.037 | .351 |
Total from Investment Operations | 4.720 | 4.369 | (5.162) | 7.599 | 5.376 | .665 |
Distributions | ||||||
Dividends from Net Investment Income | (.210) | (.349) | (.328) | (.309) | (.336) | (.315) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.210) | (.349) | (.328) | (.309) | (.336) | (.315) |
Net Asset Value, End of Period | $35.00 | $30.49 | $26.47 | $31.96 | $24.67 | $19.63 |
Total Return | 15.57% | 16.71% | -16.25% | 31.09% | 27.86% | 3.58% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $9,241 | $7,570 | $5,993 | $6,630 | $4,003 | $2,701 |
Ratio of Total Expenses to Average Net Assets | 0.12%2 | 0.12%2 | 0.12% | 0.12% | 0.12% | 0.12% |
Ratio of Net Investment Income to Average Net Assets | 1.19% | 1.33% | 1.14% | 1.15% | 1.62% | 1.49% |
Portfolio Turnover Rate | 2% | 5%3 | 8%3 | 4%3 | 18% | 11%3 |
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 0.12%. |
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. | 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 29, 2024, custodian fee offset arrangements reduced the fund’s expenses by $13,000 (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 | 18,936,598 | — | — | 18,936,598 |
Temporary Cash Investments | 32,492 | — | — | 32,492 |
Total | 18,969,090 | — | — | 18,969,090 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 602 | — | — | 602 |
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 29, 2024, 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 | 10,342,054 |
Gross Unrealized Appreciation | 9,113,686 |
Gross Unrealized Depreciation | (486,048) |
Net Unrealized Appreciation (Depreciation) | 8,627,638 |
F. | During the six months ended February 29, 2024, the fund purchased $849,307,000 of investment securities and sold $360,087,000 of investment securities, other than temporary cash investments. |
G. | Capital share transactions for each class of shares were: |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Admiral Shares | |||||
Issued | 788,911 | 17,967 | 1,332,404 | 35,434 | |
Issued in Lieu of Cash Distributions | 49,422 | 1,141 | 83,378 | 2,266 | |
Redeemed | (830,825) | (19,070) | (1,558,993) | (41,603) | |
Net Increase (Decrease)—Admiral Shares | 7,508 | 38 | (143,211) | (3,903) | |
Institutional Shares | |||||
Issued | 912,902 | 28,854 | 1,105,824 | 40,369 | |
Issued in Lieu of Cash Distributions | 52,670 | 1,688 | 80,161 | 3,020 | |
Redeemed | (462,439) | (14,829) | (583,217) | (21,539) | |
Net Increase (Decrease)—Institutional Shares | 503,133 | 15,713 | 602,768 | 21,850 |
H. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
I. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
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All rights reserved.
Vanguard Marketing Corporation, Distributor.
![](https://capedge.com/proxy/N-CSRS/0001104659-24-056461/tm247931d4ussecindq4832i001.jpg)
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 | 15 |
Consumer Staples Index Fund | 27 |
Energy Index Fund | 38 |
Financials Index Fund | 49 |
Health Care Index Fund | 62 |
Industrials Index Fund | 75 |
Information Technology Index Fund | 87 |
Materials Index Fund | 100 |
Utilities Index Fund | 111 |
![](https://capedge.com/proxy/N-CSRS/0001104659-24-056461/tm247931d4ussecindq4832i002.gif)
• | 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 29, 2024 | |||
Beginning Account Value 8/31/2023 | Ending Account Value 2/29/2024 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Communication Services Index Fund | |||
ETF Shares | $1,000.00 | $1,177.70 | $0.54 |
Admiral™ Shares | 1,000.00 | 1,177.80 | 0.54 |
Consumer Discretionary Index Fund | |||
ETF Shares | $1,000.00 | $1,107.50 | $0.52 |
Admiral Shares | 1,000.00 | 1,107.60 | 0.52 |
Consumer Staples Index Fund | |||
ETF Shares | $1,000.00 | $1,046.50 | $0.51 |
Admiral Shares | 1,000.00 | 1,046.60 | 0.51 |
Energy Index Fund | |||
ETF Shares | $1,000.00 | $979.00 | $0.49 |
Admiral Shares | 1,000.00 | 979.20 | 0.49 |
Financials Index Fund | |||
ETF Shares | $1,000.00 | $1,188.90 | $0.54 |
Admiral Shares | 1,000.00 | 1,189.10 | 0.54 |
Health Care Index Fund | |||
ETF Shares | $1,000.00 | $1,095.00 | $0.52 |
Admiral Shares | 1,000.00 | 1,095.00 | 0.52 |
Industrials Index Fund | |||
ETF Shares | $1,000.00 | $1,134.80 | $0.53 |
Admiral Shares | 1,000.00 | 1,134.90 | 0.53 |
Information Technology Index Fund | |||
ETF Shares | $1,000.00 | $1,169.70 | $0.54 |
Admiral Shares | 1,000.00 | 1,169.70 | 0.54 |
Materials Index Fund | |||
ETF Shares | $1,000.00 | $1,067.70 | $0.51 |
Admiral Shares | 1,000.00 | 1,067.80 | 0.51 |
Utilities Index Fund | |||
ETF Shares | $1,000.00 | $1,004.70 | $0.50 |
Admiral Shares | 1,000.00 | 1,004.60 | 0.50 |
Six Months Ended February 29, 2024 | |||
Beginning Account Value 8/31/2023 | Ending Account Value 2/29/2024 | Expenses Paid During Period | |
Based on Hypothetical 5% Yearly Return | |||
Communication Services Index Fund | |||
ETF Shares | $1,000.00 | $1,024.37 | $0.50 |
Admiral Shares | 1,000.00 | 1,024.37 | 0.50 |
Consumer Discretionary Index Fund | |||
ETF Shares | $1,000.00 | $1,024.37 | $0.50 |
Admiral Shares | 1,000.00 | 1,024.37 | 0.50 |
Consumer Staples Index Fund | |||
ETF Shares | $1,000.00 | $1,024.37 | $0.50 |
Admiral Shares | 1,000.00 | 1,024.37 | 0.50 |
Energy Index Fund | |||
ETF Shares | $1,000.00 | $1,024.37 | $0.50 |
Admiral Shares | 1,000.00 | 1,024.37 | 0.50 |
Financials Index Fund | |||
ETF Shares | $1,000.00 | $1,024.37 | $0.50 |
Admiral Shares | 1,000.00 | 1,024.37 | 0.50 |
Health Care Index Fund | |||
ETF Shares | $1,000.00 | $1,024.37 | $0.50 |
Admiral Shares | 1,000.00 | 1,024.37 | 0.50 |
Industrials Index Fund | |||
ETF Shares | $1,000.00 | $1,024.37 | $0.50 |
Admiral Shares | 1,000.00 | 1,024.37 | 0.50 |
Information Technology Index Fund | |||
ETF Shares | $1,000.00 | $1,024.37 | $0.50 |
Admiral Shares | 1,000.00 | 1,024.37 | 0.50 |
Materials Index Fund | |||
ETF Shares | $1,000.00 | $1,024.37 | $0.50 |
Admiral Shares | 1,000.00 | 1,024.37 | 0.50 |
Utilities Index Fund | |||
ETF Shares | $1,000.00 | $1,024.37 | $0.50 |
Admiral Shares | 1,000.00 | 1,024.37 | 0.50 |
Diversified Telecommunication Services | 10.4% |
Entertainment | 19.1 |
Interactive Media & Services | 50.7 |
Media | 16.6 |
Wireless Telecommunication Services | 3.2 |
Shares | Market Value• ($000) | ||
Common Stocks (99.9%) | |||
Diversified Telecommunication Services (10.3%) | |||
Verizon Communications Inc. | 4,609,983 | 184,492 | |
AT&T Inc. | 8,595,484 | 145,522 | |
* | Frontier Communications Parent Inc. | 753,096 | 17,833 |
Cogent Communications Holdings Inc. | 178,828 | 14,469 | |
* | Liberty Global Ltd. Class C | 752,688 | 13,962 |
Iridium Communications Inc. | 455,558 | 13,188 | |
* | Liberty Global Ltd. Class A | 665,979 | 11,655 |
* | Lumen Technologies Inc. | 4,116,997 | 6,670 |
* | Globalstar Inc. | 3,101,467 | 4,838 |
Shenandoah Telecommunications Co. | 194,858 | 3,636 | |
* | Liberty Latin America Ltd. Class C | 526,923 | 3,436 |
* | IDT Corp. Class B | 67,365 | 2,507 |
* | Anterix Inc. | 53,615 | 2,128 |
* | Bandwidth Inc. Class A | 96,650 | 1,985 |
ATN International Inc. | 44,052 | 1,477 | |
* | Consolidated Communications Holdings Inc. | 308,195 | 1,328 |
* | Liberty Latin America Ltd. Class A | 142,455 | 916 |
430,042 | |||
Entertainment (19.1%) | |||
* | Netflix Inc. | 319,649 | 192,723 |
Walt Disney Co. | 1,672,568 | 186,625 | |
Electronic Arts Inc. | 415,320 | 57,929 | |
* | Take-Two Interactive Software Inc. | 316,930 | 46,566 |
* | Warner Bros Discovery Inc. | 4,601,370 | 40,446 |
* | Live Nation Entertainment Inc. | 400,288 | 38,820 |
* | Roblox Corp. Class A | 952,069 | 37,988 |
* | Liberty Media Corp.-Liberty Formula One Class C | 519,558 | 37,803 |
* | Roku Inc. | 432,957 | 27,354 |
TKO Group Holdings Inc. | 268,146 | 22,452 | |
Warner Music Group Corp. Class A | 517,546 | 18,078 | |
Endeavor Group Holdings Inc. Class A | 736,625 | 17,716 | |
* | Madison Square Garden Sports Corp. | 63,456 | 11,942 |
* | Cinemark Holdings Inc. | 446,630 | 7,776 |
* | Liberty Media Corp.-Liberty Live Class C | 195,242 | 7,774 |
* | Atlanta Braves Holdings Inc. Class C | 193,112 | 7,555 |
* | Madison Square Garden Entertainment Corp. | 159,338 | 6,133 |
* | Sphere Entertainment Co. | 103,728 | 4,491 |
Shares | Market Value• ($000) | ||
* | Lions Gate Entertainment Corp. Class B | 446,210 | 4,052 |
*,1 | AMC Entertainment Holdings Inc. Class A | 809,430 | 3,497 |
* | IMAX Corp. | 189,403 | 3,244 |
* | Liberty Media Corp.-Liberty Live Class A | 83,272 | 3,213 |
* | Lions Gate Entertainment Corp. Class A | 297,763 | 2,891 |
* | Eventbrite Inc. Class A | 329,376 | 1,844 |
* | Vivid Seats Inc. Class A | 273,195 | 1,645 |
Marcus Corp. | 95,418 | 1,400 | |
* | Atlanta Braves Holdings Inc. Class A | 29,537 | 1,239 |
* | Playstudios Inc. | 359,857 | 853 |
*,1 | Skillz Inc. | 58,851 | 403 |
794,452 | |||
Interactive Media & Services (50.7%) | |||
Meta Platforms Inc. Class A | 1,971,809 | 966,443 | |
* | Alphabet Inc. Class A | 3,688,926 | 510,769 |
* | Alphabet Inc. Class C | 2,926,960 | 409,131 |
* | Pinterest Inc. Class A | 1,221,618 | 44,833 |
* | Snap Inc. Class A | 3,033,705 | 33,432 |
* | Match Group Inc. | 862,173 | 31,073 |
* | ZoomInfo Technologies Inc. | 1,114,567 | 18,680 |
* | IAC Inc. | 310,738 | 17,650 |
* | Ziff Davis Inc. | 187,944 | 12,923 |
* | TripAdvisor Inc. | 436,815 | 11,715 |
* | Yelp Inc. | 265,984 | 10,224 |
* | Cargurus Inc. | 353,581 | 7,828 |
Shutterstock Inc. | 102,010 | 4,974 | |
* | Cars.com Inc. | 256,745 | 4,709 |
* | Bumble Inc. Class A | 390,629 | 4,473 |
* | ZipRecruiter Inc. Class A | 264,273 | 3,362 |
* | QuinStreet Inc. | 211,583 | 3,096 |
* | Vimeo Inc. | 610,430 | 2,924 |
* | fuboTV Inc. | 1,194,854 | 2,473 |
* | Taboola.com Ltd. | 552,817 | 2,410 |
* | Mediaalpha Inc. Class A | 86,254 | 1,790 |
* | Nextdoor Holdings Inc. | 631,658 | 1,383 |
* | Angi Inc. | 330,059 | 947 |
* | Outbrain Inc. | 153,543 | 565 |
* | System1 Inc. | 53,535 | 89 |
2,107,896 | |||
Media (16.6%) | |||
Comcast Corp. Class A | 4,526,069 | 193,942 | |
* | Trade Desk Inc. Class A | 702,819 | 60,042 |
* | Charter Communications Inc. Class A | 173,176 | 50,902 |
Omnicom Group Inc. | 453,184 | 40,057 | |
Interpublic Group of Cos. Inc. | 1,068,300 | 33,545 | |
News Corp. Class A | 1,207,640 | 32,461 | |
Fox Corp. Class A | 953,284 | 28,398 | |
New York Times Co. Class A | 634,949 | 28,116 |
Shares | Market Value• ($000) | ||
* | Liberty Broadband Corp. Class C | 443,954 | 26,717 |
Nexstar Media Group Inc. | 138,609 | 23,033 | |
* | Liberty Media Corp.-Liberty SiriusXM Class C | 671,894 | 19,471 |
Paramount Global Class B | 1,606,061 | 17,731 | |
Fox Corp. Class B | 600,473 | 16,441 | |
News Corp. Class B | 487,526 | 13,646 | |
1 | Sirius XM Holdings Inc. | 3,061,523 | 13,532 |
TEGNA Inc. | 765,028 | 10,718 | |
* | Liberty Media Corp.-Liberty SiriusXM Class A | 307,641 | 8,965 |
Cable One Inc. | 18,336 | 8,361 | |
* | Liberty Broadband Corp. Class A | 112,968 | 6,795 |
* | EchoStar Corp. Class A | 485,816 | 6,369 |
* | Magnite Inc. | 506,318 | 6,086 |
John Wiley & Sons Inc. Class A | 177,726 | 5,927 | |
Scholastic Corp. | 103,640 | 4,088 | |
* | PubMatic Inc. Class A | 169,763 | 3,555 |
* | TechTarget Inc. | 104,360 | 3,309 |
* | Integral Ad Science Holding Corp. | 290,753 | 3,012 |
* | Thryv Holdings Inc. | 136,324 | 2,855 |
* | Altice USA Inc. Class A | 827,568 | 2,458 |
Gray Television Inc. | 338,279 | 1,976 | |
* | Stagwell Inc. | 369,490 | 1,973 |
Sinclair Inc. | 129,730 | 1,926 | |
* | Clear Channel Outdoor Holdings Inc. | 1,084,066 | 1,865 |
* | Advantage Solutions Inc. | 466,273 | 1,776 |
* | Boston Omaha Corp. Class A | 98,749 | 1,620 |
* | AMC Networks Inc. Class A | 117,794 | 1,524 |
* | Gannett Co. Inc. | 577,135 | 1,229 |
* | Cardlytics Inc. | 136,177 | 1,129 |
* | iHeartMedia Inc. Class A | 402,572 | 1,115 |
* | EW Scripps Co. Class A | 237,297 | 956 |
* | WideOpenWest Inc. | 204,776 | 819 |
688,440 | |||
Other (0.0%)2 | |||
*,3 | GCI Liberty Inc. | 188,049 | — |
Wireless Telecommunication Services (3.2%) | |||
T-Mobile US Inc. | 749,088 | 122,326 | |
Telephone and Data Systems Inc. | 410,924 | 6,287 |
Shares | Market Value• ($000) | ||
* | United States Cellular Corp. | 63,656 | 2,221 |
* | Gogo Inc. | 262,885 | 2,145 |
132,979 | |||
Total Common Stocks (Cost $4,152,558) | 4,153,809 | ||
Temporary Cash Investments (0.2%) | |||
Money Market Fund (0.2%) | |||
4,5 | Vanguard Market Liquidity Fund, 5.400% (Cost $9,117) | 91,209 | 9,120 |
Total Investments (100.1%) (Cost $4,161,675) | 4,162,929 | ||
Other Assets and Liabilities—Net (-0.1%) | (5,634) | ||
Net Assets (100.0%) | 4,157,295 | ||
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 $5,840,000. |
2 | “Other” represents securities that are not classified by the fund’s benchmark index. |
3 | Security value determined using significant unobservable inputs. |
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 $6,790,000 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) |
Paramount Global Class B | 8/30/24 | BANA | 2,484 | (5.326) | — | (14) |
Paramount Global Class B | 8/30/24 | BANA | 1,822 | (5.326) | — | (10) |
— | (24) |
1 | Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/paid monthly. |
BANA—Bank of America, N.A. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $4,152,558) | 4,153,809 |
Affiliated Issuers (Cost $9,117) | 9,120 |
Total Investments in Securities | 4,162,929 |
Investment in Vanguard | 126 |
Cash Collateral Pledged—Over-the-Counter Swap Contracts | 1,340 |
Receivables for Investment Securities Sold | 128,203 |
Receivables for Accrued Income | 2,302 |
Receivables for Capital Shares Issued | 446 |
Total Assets | 4,295,346 |
Liabilities | |
Due to Custodian | 1,387 |
Payables for Investment Securities Purchased | 129,180 |
Collateral for Securities on Loan | 6,790 |
Payables for Capital Shares Redeemed | 511 |
Payables to Vanguard | 159 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 24 |
Total Liabilities | 138,051 |
Net Assets | 4,157,295 |
1 Includes $5,840,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 4,573,729 |
Total Distributable Earnings (Loss) | (416,434) |
Net Assets | 4,157,295 |
ETF Shares—Net Assets | |
Applicable to 30,953,605 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 3,965,418 |
Net Asset Value Per Share—ETF Shares | $128.11 |
Admiral Shares—Net Assets | |
Applicable to 2,939,161 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 191,877 |
Net Asset Value Per Share—Admiral Shares | $65.28 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends | 19,059 |
Interest1 | 201 |
Securities Lending—Net | 4,326 |
Total Income | 23,586 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 41 |
Management and Administrative— ETF Shares | 1,490 |
Management and Administrative— Admiral Shares | 63 |
Marketing and Distribution— ETF Shares | 93 |
Marketing and Distribution— Admiral Shares | 4 |
Custodian Fees | 6 |
Shareholders’ Reports—ETF Shares | 106 |
Shareholders’ Reports—Admiral Shares | — |
Trustees’ Fees and Expenses | 1 |
Other Expenses | 9 |
Total Expenses | 1,813 |
Net Investment Income | 21,773 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 161,949 |
Swap Contracts | (800) |
Realized Net Gain (Loss) | 161,149 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 410,982 |
Swap Contracts | 169 |
Change in Unrealized Appreciation (Depreciation) | 411,151 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 594,073 |
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 $201,000, $1,000, less than $1,000, and ($2,000), respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $223,121,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 21,773 | 33,642 | |
Realized Net Gain (Loss) | 161,149 | (32,353) | |
Change in Unrealized Appreciation (Depreciation) | 411,151 | 458,579 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 594,073 | 459,868 | |
Distributions | |||
ETF Shares | (19,631) | (27,514) | |
Admiral Shares | (731) | (839) | |
Total Distributions | (20,362) | (28,353) | |
Capital Share Transactions | |||
ETF Shares | (8,176) | 290,125 | |
Admiral Shares | 52,805 | 29,898 | |
Net Increase (Decrease) from Capital Share Transactions | 44,629 | 320,023 | |
Total Increase (Decrease) | 618,340 | 751,538 | |
Net Assets | |||
Beginning of Period | 3,538,955 | 2,787,417 | |
End of Period | 4,157,295 | 3,538,955 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $109.41 | $94.12 | $149.87 | $108.04 | $87.24 | $86.83 |
Investment Operations | ||||||
Net Investment Income1 | .683 | 1.128 | 1.110 | 1.018 | 1.005 | .917 |
Net Realized and Unrealized Gain (Loss) on Investments | 18.654 | 15.127 | (55.695) | 41.708 | 20.743 | .316 |
Total from Investment Operations | 19.337 | 16.255 | (54.585) | 42.726 | 21.748 | 1.233 |
Distributions | ||||||
Dividends from Net Investment Income | (.637) | (.965) | (1.165) | (.896) | (.948) | (.823) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.637) | (.965) | (1.165) | (.896) | (.948) | (.823) |
Net Asset Value, End of Period | $128.11 | $109.41 | $94.12 | $149.87 | $108.04 | $87.24 |
Total Return | 17.77% | 17.46% | -36.61% | 39.75% | 25.15% | 1.47% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $3,965 | $3,424 | $2,717 | $4,787 | $2,914 | $2,016 |
Ratio of Total Expenses to Average Net Assets | 0.10% | 0.10%2 | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 1.18% | 1.19% | 0.92% | 0.80% | 1.09% | 1.09% |
Portfolio Turnover Rate3 | 8% | 15% | 16% | 15% | 15% | 33% |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $55.75 | $47.97 | $76.38 | $55.06 | $44.46 | $44.25 |
Investment Operations | ||||||
Net Investment Income1 | .340 | .591 | .572 | .519 | .512 | .470 |
Net Realized and Unrealized Gain (Loss) on Investments | 9.515 | 7.682 | (28.388) | 21.259 | 10.571 | .157 |
Total from Investment Operations | 9.855 | 8.273 | (27.816) | 21.778 | 11.083 | .627 |
Distributions | ||||||
Dividends from Net Investment Income | (.325) | (.493) | (.594) | (.458) | (.483) | (.417) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.325) | (.493) | (.594) | (.458) | (.483) | (.417) |
Net Asset Value, End of Period | $65.28 | $55.75 | $47.97 | $76.38 | $55.06 | $44.46 |
Total Return2 | 17.78% | 17.44% | -36.61% | 39.76% | 25.16% | 1.46% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $192 | $115 | $70 | $124 | $67 | $50 |
Ratio of Total Expenses to Average Net Assets | 0.10% | 0.10%3 | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 1.14% | 1.21% | 0.93% | 0.79% | 1.10% | 1.09% |
Portfolio Turnover Rate4 | 8% | 15% | 16% | 15% | 15% | 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 | 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. | 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 | 4,153,809 | — | — | 4,153,809 |
Temporary Cash Investments | 9,120 | — | — | 9,120 |
Total | 4,162,929 | — | — | 4,162,929 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Swap Contracts | — | 24 | — | 24 |
D. | As of February 29, 2024, 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 | 4,193,240 |
Gross Unrealized Appreciation | 636,530 |
Gross Unrealized Depreciation | (666,841) |
Net Unrealized Appreciation (Depreciation) | (30,311) |
E. | During the six months ended February 29, 2024, the fund purchased $370,039,000 of investment securities and sold $299,574,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $716,737,000 and $738,629,000, 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 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 728,1931 | 6,1331 | 1,133,331 | 11,775 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (736,369)1 | (6,475)1 | (843,206) | (9,350) | |
Net Increase (Decrease)—ETF Shares | (8,176) | (342) | 290,125 | 2,425 | |
Admiral Shares | |||||
Issued | 88,181 | 1,480 | 74,117 | 1,497 | |
Issued in Lieu of Cash Distributions | 598 | 11 | 687 | 14 | |
Redeemed | (35,974) | (613) | (44,906) | (909) | |
Net Increase (Decrease)—Admiral Shares | 52,805 | 878 | 29,898 | 602 |
1 | Includes unsettled in-kind transactions as of February 29, 2024 for 1,650,000 issued shares and 1,700,000 redeemed shares valued at $210,822,000 and $220,041,000, respectively, which settled shortly afterwards. |
G. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
H. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
Automobile Components | 2.3% |
Automobiles | 13.3 |
Broadline Retail | 25.2 |
Distributors | 1.0 |
Diversified Consumer Services | 1.6 |
Hotels, Restaurants & Leisure | 22.0 |
Household Durables | 5.8 |
Leisure Products | 1.1 |
Specialty Retail | 21.9 |
Textiles, Apparel & Luxury Goods | 5.8 |
Shares | Market Value• ($000) | ||
Common Stocks (99.8%) | |||
Automobile Components (2.3%) | |||
* | Aptiv plc | 346,762 | 27,564 |
Autoliv Inc. | 104,180 | 12,088 | |
Gentex Corp. | 312,116 | 11,402 | |
Lear Corp. | 78,313 | 10,756 | |
BorgWarner Inc. (XNYS) | 320,814 | 9,987 | |
* | Modine Manufacturing Co. | 78,386 | 7,032 |
* | Goodyear Tire & Rubber Co. | 448,344 | 5,326 |
LCI Industries | 41,411 | 5,217 | |
* | Adient plc | 151,287 | 5,135 |
* | Visteon Corp. | 44,616 | 5,047 |
* | Dorman Products Inc. | 48,928 | 4,610 |
Patrick Industries Inc. | 37,624 | 4,513 | |
* | Gentherm Inc. | 67,457 | 3,836 |
*,1 | QuantumScape Corp. | 608,626 | 3,816 |
* | Fox Factory Holding Corp. | 71,021 | 3,593 |
Phinia Inc. | 100,532 | 3,440 | |
Dana Inc. | 259,294 | 3,241 | |
* | XPEL Inc. | 51,767 | 2,722 |
* | Garrett Motion Inc. | 253,432 | 2,438 |
* | American Axle & Manufacturing Holdings Inc. | 313,169 | 2,167 |
*,1 | Luminar Technologies Inc. | 880,906 | 2,105 |
* | Stoneridge Inc. | 111,898 | 1,966 |
Standard Motor Products Inc. | 58,981 | 1,873 | |
*,1 | Atmus Filtration Technologies Inc. | 77,309 | 1,845 |
* | Holley Inc. | 247,416 | 1,062 |
*,1 | Solid Power Inc. | 625,001 | 1,025 |
143,806 | |||
Automobiles (13.3%) | |||
* | Tesla Inc. | 3,324,387 | 671,127 |
General Motors Co. | 1,636,675 | 67,071 | |
Ford Motor Co. | 4,678,756 | 58,204 | |
* | Rivian Automotive Inc. Class A | 861,291 | 9,750 |
Thor Industries Inc. | 71,053 | 9,108 | |
Harley-Davidson Inc. | 192,300 | 6,975 | |
*,1 | Lucid Group Inc. | 1,457,869 | 4,811 |
Winnebago Industries Inc. | 55,055 | 3,949 | |
*,1 | Fisker Inc. | 958,748 | 698 |
*,1 | Workhorse Group Inc. | 1,202,550 | 402 |
*,1 | Canoo Inc. | 3,666,795 | 386 |
*,1 | Faraday Future Intelligent Electric Inc. | 818,307 | 57 |
832,538 | |||
Broadline Retail (25.2%) | |||
* | Amazon.com Inc. | 8,106,868 | 1,432,970 |
* | MercadoLibre Inc. | 46,790 | 74,644 |
eBay Inc. | 641,161 | 30,314 | |
* | Etsy Inc. | 158,133 | 11,337 |
* | Ollie's Bargain Outlet Holdings Inc. | 90,365 | 7,245 |
Macy's Inc. | 393,544 | 6,863 |
Shares | Market Value• ($000) | ||
Kohl's Corp. | 181,708 | 5,064 | |
Nordstrom Inc. | 195,495 | 4,100 | |
Dillard's Inc. Class A | 7,736 | 3,208 | |
* | Qurate Retail Inc. Series A | 1,657,816 | 2,337 |
*,1 | Groupon Inc. | 88,356 | 1,635 |
Big Lots Inc. | 134,692 | 730 | |
* | ContextLogic Inc. Class A | 94,854 | 617 |
1,581,064 | |||
Distributors (1.0%) | |||
Genuine Parts Co. | 172,954 | 25,815 | |
Pool Corp. | 48,590 | 19,345 | |
LKQ Corp. | 339,672 | 17,761 | |
62,921 | |||
Diversified Consumer Services (1.6%) | |||
Service Corp. International | 193,919 | 14,193 | |
* | Duolingo Inc. | 43,250 | 10,337 |
H&R Block Inc. | 198,176 | 9,701 | |
* | Bright Horizons Family Solutions Inc. | 80,446 | 9,240 |
* | Grand Canyon Education Inc. | 46,143 | 6,220 |
Strategic Education Inc. | 40,943 | 4,536 | |
* | Stride Inc. | 73,599 | 4,397 |
Graham Holdings Co. Class B | 6,178 | 4,339 | |
* | frontdoor Inc. | 136,809 | 4,290 |
* | Adtalem Global Education Inc. | 77,433 | 3,833 |
Laureate Education Inc. | 268,822 | 3,605 | |
ADT Inc. | 466,769 | 3,389 | |
* | Coursera Inc. | 202,253 | 3,250 |
Perdoceo Education Corp. | 160,343 | 2,856 | |
* | OneSpaWorld Holdings Ltd. | 204,802 | 2,670 |
* | Chegg Inc. | 289,385 | 2,587 |
* | Udemy Inc. | 212,957 | 2,406 |
*,1 | Mister Car Wash Inc. | 270,681 | 2,244 |
* | European Wax Center Inc. Class A | 133,689 | 1,896 |
Carriage Services Inc. | 62,467 | 1,550 | |
* | WW International Inc. | 366,568 | 1,144 |
* | 2U Inc. | 368,124 | 166 |
* | Beachbody Co. Inc. | 10,550 | 88 |
98,937 | |||
Hotels, Restaurants & Leisure (22.0%) | |||
McDonald's Corp. | 851,612 | 248,909 | |
* | Booking Holdings Inc. | 42,831 | 148,573 |
Starbucks Corp. | 1,340,926 | 127,254 | |
* | Chipotle Mexican Grill Inc. | 32,440 | 87,224 |
* | Airbnb Inc. Class A | 515,662 | 81,201 |
Marriott International Inc. Class A | 307,829 | 76,917 | |
Hilton Worldwide Holdings Inc. | 312,216 | 63,792 | |
Yum! Brands Inc. | 335,920 | 46,498 | |
* | DoorDash Inc. Class A | 313,583 | 39,063 |
* | Royal Caribbean Cruises Ltd. | 294,901 | 36,376 |
Las Vegas Sands Corp. | 463,308 | 25,260 |
Shares | Market Value• ($000) | ||
Darden Restaurants Inc. | 147,497 | 25,179 | |
* | Expedia Group Inc. | 176,472 | 24,145 |
* | DraftKings Inc. Class A | 519,758 | 22,516 |
* | Carnival Corp. | 1,268,087 | 20,112 |
Domino's Pizza Inc. | 43,923 | 19,693 | |
* | MGM Resorts International | 357,508 | 15,473 |
Wynn Resorts Ltd. | 131,831 | 13,869 | |
Wingstop Inc. | 38,864 | 13,643 | |
Texas Roadhouse Inc. | 87,367 | 13,050 | |
* | Caesars Entertainment Inc. | 284,760 | 12,379 |
* | Light & Wonder Inc. | 120,864 | 12,148 |
Vail Resorts Inc. | 50,563 | 11,645 | |
* | Norwegian Cruise Line Holdings Ltd. | 583,955 | 11,323 |
Churchill Downs Inc. | 90,256 | 11,000 | |
Aramark | 336,785 | 10,215 | |
Hyatt Hotels Corp. Class A | 62,347 | 9,576 | |
Wyndham Hotels & Resorts Inc. | 114,963 | 8,800 | |
* | Planet Fitness Inc. Class A | 121,232 | 7,522 |
Boyd Gaming Corp. | 108,403 | 7,169 | |
* | Shake Shack Inc. Class A | 58,811 | 6,253 |
Choice Hotels International Inc. | 50,106 | 5,609 | |
* | Hilton Grand Vacations Inc. | 120,966 | 5,429 |
Travel & Leisure Co. | 119,611 | 5,345 | |
Marriott Vacations Worldwide Corp. | 56,380 | 5,254 | |
Wendy's Co. | 283,312 | 5,131 | |
Red Rock Resorts Inc. Class A | 82,731 | 4,798 | |
* | Penn Entertainment Inc. | 237,050 | 4,338 |
Papa John's International Inc. | 58,120 | 4,178 | |
* | Dave & Buster's Entertainment Inc. | 66,700 | 4,118 |
* | Dutch Bros Inc. Class A | 137,656 | 4,010 |
Bloomin' Brands Inc. | 146,516 | 3,982 | |
* | Brinker International Inc. | 84,030 | 3,894 |
* | SeaWorld Entertainment Inc. | 75,681 | 3,886 |
*,1 | Cava Group Inc. | 66,462 | 3,882 |
* | Six Flags Entertainment Corp. | 139,960 | 3,547 |
Cheesecake Factory Inc. | 98,027 | 3,468 | |
Jack in the Box Inc. | 42,239 | 3,083 | |
Cracker Barrel Old Country Store Inc. | 43,709 | 2,890 | |
* | Sweetgreen Inc. Class A | 223,002 | 2,841 |
* | Everi Holdings Inc. | 231,909 | 2,750 |
Krispy Kreme Inc. | 211,103 | 2,732 | |
Monarch Casino & Resort Inc. | 38,195 | 2,687 | |
* | Playa Hotels & Resorts NV | 278,763 | 2,562 |
* | Portillo's Inc. Class A | 171,857 | 2,497 |
* | Life Time Group Holdings Inc. | 181,683 | 2,496 |
* | Sabre Corp. | 914,556 | 2,424 |
Shares | Market Value• ($000) | ||
Dine Brands Global Inc. | 49,816 | 2,417 | |
* | Accel Entertainment Inc. | 210,039 | 2,380 |
Golden Entertainment Inc. | 64,163 | 2,378 | |
* | First Watch Restaurant Group Inc. | 91,420 | 2,290 |
* | BJ's Restaurants Inc. | 64,543 | 2,260 |
* | Kura Sushi USA Inc. Class A | 22,349 | 2,124 |
* | Chuy's Holdings Inc. | 61,491 | 2,080 |
* | Denny's Corp. | 216,014 | 1,994 |
RCI Hospitality Holdings Inc. | 35,376 | 1,994 | |
* | Target Hospitality Corp. | 165,019 | 1,597 |
1 | Bowlero Corp. Class A | 127,544 | 1,588 |
* | Bally's Corp. | 137,075 | 1,541 |
* | Lindblad Expeditions Holdings Inc. | 161,408 | 1,496 |
* | Soho House & Co. Inc. | 156,956 | 913 |
* | Vacasa Inc. Class A | 29,190 | 276 |
*,1 | Sonder Holdings Inc. | 43,788 | 235 |
1,382,171 | |||
Household Durables (5.8%) | |||
DR Horton Inc. | 369,733 | 55,253 | |
Lennar Corp. Class A | 299,797 | 47,521 | |
* | NVR Inc. | 3,935 | 30,007 |
PulteGroup Inc. | 267,929 | 29,038 | |
Garmin Ltd. | 189,487 | 26,026 | |
* | TopBuild Corp. | 40,638 | 16,352 |
Toll Brothers Inc. | 135,803 | 15,568 | |
Tempur Sealy International Inc. | 228,863 | 12,466 | |
* | Mohawk Industries Inc. | 75,531 | 8,959 |
* | Taylor Morrison Home Corp. | 151,510 | 8,577 |
Installed Building Products Inc. | 35,126 | 8,393 | |
Whirlpool Corp. | 77,218 | 8,292 | |
Meritage Homes Corp. | 52,057 | 8,207 | |
KB Home | 116,049 | 7,709 | |
* | Skyline Champion Corp. | 81,701 | 6,846 |
MDC Holdings Inc. | 97,264 | 6,098 | |
* | M/I Homes Inc. | 44,633 | 5,668 |
* | Tri Pointe Homes Inc. | 154,770 | 5,476 |
Newell Brands Inc. | 671,744 | 5,038 | |
* | Helen of Troy Ltd. | 39,582 | 4,948 |
* | Cavco Industries Inc. | 12,692 | 4,729 |
Leggett & Platt Inc. | 228,805 | 4,672 | |
Century Communities Inc. | 50,255 | 4,337 | |
* | LGI Homes Inc. | 36,151 | 4,124 |
* | Sonos Inc. | 217,456 | 4,123 |
Worthington Enterprises Inc. | 61,433 | 3,816 | |
* | Green Brick Partners Inc. | 63,831 | 3,734 |
La-Z-Boy Inc. | 88,281 | 3,354 | |
* | Dream Finders Homes Inc. Class A | 73,730 | 2,885 |
* | Beazer Homes USA Inc. | 84,833 | 2,658 |
* | Vizio Holding Corp. Class A | 238,407 | 2,625 |
Ethan Allen Interiors Inc. | 73,233 | 2,448 | |
* | Lovesac Co. | 68,357 | 1,575 |
*,1 | iRobot Corp. | 129,084 | 1,473 |
* | GoPro Inc. Class A | 581,536 | 1,361 |
Cricut Inc. Class A | 170,841 | 825 | |
* | Traeger Inc. | 292,207 | 649 |
* | Tupperware Brands Corp. | 196,070 | 259 |
366,089 |
Shares | Market Value• ($000) | ||
Leisure Products (1.1%) | |||
* | Mattel Inc. | 486,247 | 9,579 |
Hasbro Inc. | 181,822 | 9,144 | |
Brunswick Corp. | 96,853 | 8,465 | |
Polaris Inc. | 78,218 | 7,252 | |
* | YETI Holdings Inc. | 138,346 | 5,678 |
Acushnet Holdings Corp. | 59,881 | 3,858 | |
* | Topgolf Callaway Brands Corp. | 270,298 | 3,849 |
* | Vista Outdoor Inc. | 112,961 | 3,524 |
* | Peloton Interactive Inc. Class A | 700,811 | 3,168 |
* | Malibu Boats Inc. Class A | 54,588 | 2,382 |
Sturm Ruger & Co. Inc. | 54,616 | 2,366 | |
Smith & Wesson Brands Inc. | 161,801 | 2,221 | |
Johnson Outdoors Inc. Class A | 27,307 | 1,255 | |
* | Funko Inc. Class A | 151,445 | 1,066 |
* | AMMO Inc. | 439,509 | 1,046 |
Clarus Corp. | 141,387 | 814 | |
* | Latham Group Inc. | 189,934 | 644 |
* | Solo Brands Inc. Class A | 136,169 | 368 |
66,679 | |||
Specialty Retail (21.8%) | |||
Home Depot Inc. | 1,171,536 | 445,898 | |
Lowe's Cos. Inc. | 691,879 | 166,515 | |
TJX Cos. Inc. | 1,345,965 | 133,439 | |
* | O'Reilly Automotive Inc. | 72,065 | 78,365 |
* | AutoZone Inc. | 21,564 | 64,822 |
Ross Stores Inc. | 402,012 | 59,884 | |
Tractor Supply Co. | 131,575 | 33,462 | |
* | Ulta Beauty Inc. | 59,418 | 32,594 |
Best Buy Co. Inc. | 244,859 | 19,804 | |
Williams-Sonoma Inc. | 80,197 | 18,889 | |
* | Burlington Stores Inc. | 82,383 | 16,897 |
* | CarMax Inc. | 203,643 | 16,088 |
* | Floor & Decor Holdings Inc. Class A | 130,689 | 15,829 |
* | Five Below Inc. | 71,764 | 14,402 |
Dick's Sporting Goods Inc. | 79,270 | 14,101 | |
Bath & Body Works Inc. | 283,255 | 12,945 | |
Murphy USA Inc. | 27,120 | 11,309 | |
* | Carvana Co. | 145,969 | 11,083 |
Lithia Motors Inc. | 36,966 | 11,055 | |
* | Abercrombie & Fitch Co. Class A | 76,574 | 9,783 |
Academy Sports & Outdoors Inc. | 106,941 | 7,991 | |
* | Valvoline Inc. | 180,322 | 7,689 |
* | Wayfair Inc. Class A | 124,581 | 7,425 |
American Eagle Outfitters Inc. | 283,866 | 6,742 | |
Signet Jewelers Ltd. | 65,366 | 6,652 | |
* | RH | 23,692 | 6,501 |
* | AutoNation Inc. | 42,163 | 6,316 |
Gap Inc. | 332,569 | 6,299 | |
Advance Auto Parts Inc. | 91,793 | 6,200 | |
*,1 | GameStop Corp. Class A | 423,048 | 6,037 |
* | Asbury Automotive Group Inc. | 28,263 | 5,902 |
Group 1 Automotive Inc. | 21,508 | 5,821 | |
Penske Automotive Group Inc. | 33,264 | 5,106 | |
Foot Locker Inc. | 145,918 | 5,024 | |
* | Boot Barn Holdings Inc. | 51,337 | 4,749 |
* | Urban Outfitters Inc. | 104,526 | 4,343 |
* | Chewy Inc. Class A | 226,899 | 4,002 |
Shares | Market Value• ($000) | ||
* | National Vision Holdings Inc. | 161,176 | 3,772 |
* | ODP Corp. | 66,262 | 3,742 |
* | Victoria's Secret & Co. | 130,688 | 3,732 |
* | Beyond Inc. | 107,616 | 3,608 |
Upbound Group Inc. | 99,042 | 3,344 | |
* | Leslie's Inc. | 389,878 | 3,080 |
Buckle Inc. | 75,197 | 3,079 | |
Caleres Inc. | 79,715 | 3,078 | |
* | Sally Beauty Holdings Inc. | 232,256 | 2,933 |
*,1 | Revolve Group Inc. | 132,211 | 2,899 |
Camping World Holdings Inc. Class A | 105,901 | 2,826 | |
Hibbett Inc. | 33,590 | 2,753 | |
Monro Inc. | 81,465 | 2,735 | |
Winmark Corp. | 7,133 | 2,707 | |
* | Warby Parker Inc. Class A | 186,499 | 2,370 |
Sonic Automotive Inc. Class A | 44,398 | 2,331 | |
* | MarineMax Inc. | 69,924 | 2,321 |
Guess? Inc. | 89,957 | 2,283 | |
Shoe Carnival Inc. | 68,481 | 2,244 | |
* | Arhaus Inc. | 158,806 | 2,099 |
Designer Brands Inc. Class A | 193,581 | 2,044 | |
Haverty Furniture Cos. Inc. | 56,298 | 1,931 | |
* | America's Car-Mart Inc. | 28,129 | 1,894 |
Arko Corp. | 243,238 | 1,588 | |
* | Sleep Number Corp. | 92,896 | 1,535 |
* | Genesco Inc. | 47,886 | 1,529 |
* | 1-800-Flowers.com Inc. Class A | 140,842 | 1,468 |
*,1 | EVgo Inc. | 479,409 | 1,419 |
* | Zumiez Inc. | 77,964 | 1,374 |
* | OneWater Marine Inc. Class A | 50,026 | 1,301 |
* | Stitch Fix Inc. Class A | 346,618 | 1,120 |
* | Petco Health & Wellness Co. Inc. | 426,366 | 1,109 |
Aaron's Co. Inc. | 141,163 | 1,094 | |
*,1 | Children's Place Inc. | 55,047 | 1,059 |
* | ThredUP Inc. Class A | 336,857 | 674 |
* | BARK Inc. | 506,193 | 607 |
* | Lands' End Inc. | 57,976 | 564 |
PetMed Express Inc. | 100,140 | 507 | |
1,370,716 | |||
Textiles, Apparel & Luxury Goods (5.7%) | |||
NIKE Inc. Class B | 1,439,610 | 149,619 | |
* | Lululemon Athletica Inc. | 136,617 | 63,812 |
* | Deckers Outdoor Corp. | 31,805 | 28,484 |
Tapestry Inc. | 297,950 | 14,162 | |
* | Skechers USA Inc. Class A | 179,681 | 11,106 |
PVH Corp. | 81,121 | 11,087 | |
Ralph Lauren Corp. | 54,534 | 10,139 | |
* | Crocs Inc. | 82,602 | 10,098 |
VF Corp. | 471,689 | 7,707 | |
* | Capri Holdings Ltd. | 165,705 | 7,644 |
Columbia Sportswear Co. | 60,274 | 4,984 | |
Steven Madden Ltd. | 115,764 | 4,957 | |
Carter's Inc. | 60,803 | 4,922 | |
Kontoor Brands Inc. | 82,010 | 4,848 | |
* | Hanesbrands Inc. | 749,366 | 4,047 |
* | Under Armour Inc. Class A | 437,803 | 3,923 |
Levi Strauss & Co. Class A | 192,155 | 3,491 | |
Oxford Industries Inc. | 32,882 | 3,334 | |
* | G-III Apparel Group Ltd. | 94,121 | 3,131 |
* | Under Armour Inc. Class C | 347,462 | 2,967 |
Shares | Market Value• ($000) | ||
Wolverine World Wide Inc. | 251,127 | 2,554 | |
* | Figs Inc. Class A | 384,122 | 2,009 |
Movado Group Inc. | 68,670 | 1,972 | |
* | Allbirds Inc. Class A | 458,581 | 417 |
* | Fossil Group Inc. | 227,293 | 241 |
361,655 | |||
Total Common Stocks (Cost $5,457,340) | 6,266,576 |
Shares | Market Value• ($000) | ||
Temporary Cash Investments (0.5%) | |||
Money Market Fund (0.5%) | |||
2,3 | Vanguard Market Liquidity Fund, 5.400% (Cost $31,866) | 318,753 | 31,872 |
Total Investments (100.3%) (Cost $5,489,206) | 6,298,448 | ||
Other Assets and Liabilities—Net (-0.3%) | (21,656) | ||
Net Assets (100.0%) | 6,276,792 | ||
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 $19,314,000. |
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 $23,752,000 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. | 8/30/24 | BANA | 10,848 | (5.326) | — | (50) |
1 | Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/paid monthly. |
BANA—Bank of America, N.A. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $5,457,340) | 6,266,576 |
Affiliated Issuers (Cost $31,866) | 31,872 |
Total Investments in Securities | 6,298,448 |
Investment in Vanguard | 184 |
Cash | 119 |
Cash Collateral Pledged—Over-the-Counter Swap Contracts | 600 |
Receivables for Investment Securities Sold | 78,045 |
Receivables for Accrued Income | 5,172 |
Receivables for Capital Shares Issued | 389 |
Total Assets | 6,382,957 |
Liabilities | |
Payables for Investment Securities Purchased | 76,125 |
Collateral for Securities on Loan | 23,752 |
Payables for Capital Shares Redeemed | 6,002 |
Payables to Vanguard | 236 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 50 |
Total Liabilities | 106,165 |
Net Assets | 6,276,792 |
1 Includes $19,314,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 5,772,837 |
Total Distributable Earnings (Loss) | 503,955 |
Net Assets | 6,276,792 |
ETF Shares—Net Assets | |
Applicable to 17,804,839 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 5,630,320 |
Net Asset Value Per Share—ETF Shares | $316.22 |
Admiral Shares—Net Assets | |
Applicable to 3,949,594 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 646,472 |
Net Asset Value Per Share—Admiral Shares | $163.68 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends | 22,964 |
Interest1 | 203 |
Securities Lending—Net | 845 |
Total Income | 24,012 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 62 |
Management and Administrative— ETF Shares | 2,206 |
Management and Administrative— Admiral Shares | 272 |
Marketing and Distribution— ETF Shares | 115 |
Marketing and Distribution— Admiral Shares | 15 |
Custodian Fees | 9 |
Shareholders’ Reports—ETF Shares | 89 |
Shareholders’ Reports—Admiral Shares | 5 |
Trustees’ Fees and Expenses | 2 |
Other Expenses | 8 |
Total Expenses | 2,783 |
Expenses Paid Indirectly | (1) |
Net Expenses | 2,782 |
Net Investment Income | 21,230 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 189,083 |
Swap Contracts | 1,300 |
Realized Net Gain (Loss) | 190,383 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 351,854 |
Swap Contracts | (50) |
Change in Unrealized Appreciation (Depreciation) | 351,804 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 563,417 |
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 $203,000, less than $1,000, less than $1,000, and ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $210,835,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 21,230 | 47,772 | |
Realized Net Gain (Loss) | 190,383 | 65,855 | |
Change in Unrealized Appreciation (Depreciation) | 351,804 | 437,352 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 563,417 | 550,979 | |
Distributions | |||
ETF Shares | (22,958) | (42,420) | |
Admiral Shares | (2,744) | (4,965) | |
Total Distributions | (25,702) | (47,385) | |
Capital Share Transactions | |||
ETF Shares | (34,306) | 104,338 | |
Admiral Shares | (21,650) | 25,960 | |
Net Increase (Decrease) from Capital Share Transactions | (55,956) | 130,298 | |
Total Increase (Decrease) | 481,759 | 633,892 | |
Net Assets | |||
Beginning of Period | 5,795,033 | 5,161,141 | |
End of Period | 6,276,792 | 5,795,033 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $286.85 | $256.97 | $320.99 | $246.86 | $178.51 | $180.85 |
Investment Operations | ||||||
Net Investment Income1 | 1.087 | 2.493 | 2.329 | 1.724 | 1.998 | 2.052 |
Net Realized and Unrealized Gain (Loss) on Investments | 29.589 | 29.853 | (63.227) | 76.697 | 68.603 | (2.391) |
Total from Investment Operations | 30.676 | 32.346 | (60.898) | 78.421 | 70.601 | (.339) |
Distributions | ||||||
Dividends from Net Investment Income | (1.306) | (2.466) | (3.122) | (4.291) | (2.251) | (2.001) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.306) | (2.466) | (3.122) | (4.291) | (2.251) | (2.001) |
Net Asset Value, End of Period | $316.22 | $286.85 | $256.97 | $320.99 | $246.86 | $178.51 |
Total Return | 10.75% | 12.75% | -19.11% | 32.39% | 39.98% | -0.14% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $5,630 | $5,187 | $4,638 | $6,658 | $4,026 | $3,049 |
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 | 0.74% | 0.99% | 0.78% | 0.60% | 1.06% | 1.20% |
Portfolio Turnover Rate3 | 3% | 11% | 9% | 8% | 10% | 9% |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $148.47 | $133.01 | $166.15 | $127.78 | $92.40 | $93.61 |
Investment Operations | ||||||
Net Investment Income1 | .562 | 1.287 | 1.211 | .889 | 1.033 | 1.058 |
Net Realized and Unrealized Gain (Loss) on Investments | 15.324 | 15.450 | (32.737) | 39.704 | 35.512 | (1.232) |
Total from Investment Operations | 15.886 | 16.737 | (31.526) | 40.593 | 36.545 | (.174) |
Distributions | ||||||
Dividends from Net Investment Income | (.676) | (1.277) | (1.614) | (2.223) | (1.165) | (1.036) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.676) | (1.277) | (1.614) | (2.223) | (1.165) | (1.036) |
Net Asset Value, End of Period | $163.68 | $148.47 | $133.01 | $166.15 | $127.78 | $92.40 |
Total Return2 | 10.76% | 12.75% | -19.11% | 32.39% | 40.01% | -0.14% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $647 | $608 | $523 | $753 | $437 | $321 |
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 | 0.74% | 0.98% | 0.79% | 0.60% | 1.06% | 1.20% |
Portfolio Turnover Rate4 | 3% | 11% | 9% | 8% | 10% | 9% |
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 29, 2024, 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 | 6,266,576 | — | — | 6,266,576 |
Temporary Cash Investments | 31,872 | — | — | 31,872 |
Total | 6,298,448 | — | — | 6,298,448 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Swap Contracts | — | 50 | — | 50 |
E. | As of February 29, 2024, 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 | 5,504,554 |
Gross Unrealized Appreciation | 1,259,069 |
Gross Unrealized Depreciation | (465,175) |
Net Unrealized Appreciation (Depreciation) | 793,894 |
F. | During the six months ended February 29, 2024, the fund purchased $171,508,000 of investment securities and sold $183,525,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $558,584,000 and $602,828,000, 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 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 574,1841 | 1,9421 | 947,780 | 3,535 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (608,490)1 | (2,220)1 | (843,442) | (3,500) | |
Net Increase (Decrease)—ETF Shares | (34,306) | (278) | 104,338 | 35 | |
Admiral Shares | |||||
Issued | 71,267 | 475 | 154,826 | 1,153 | |
Issued in Lieu of Cash Distributions | 2,331 | 16 | 4,229 | 33 | |
Redeemed | (95,248) | (637) | (133,095) | (1,026) | |
Net Increase (Decrease)—Admiral Shares | (21,650) | (146) | 25,960 | 160 |
1 | Includes unsettled in-kind transactions as of February 29, 2024 for 340,000 issued shares and 340,000 redeemed shares valued at $106,291,000 and $101,912,000, respectively, which settled shortly afterwards. |
H. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
I. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
Beverages | 21.5% |
Consumer Staples Distribution & Retail | 30.6 |
Food Products | 17.1 |
Household Products | 18.8 |
Personal Care Products | 4.5 |
Tobacco | 7.5 |
Shares | Market Value• ($000) | ||
Common Stocks (99.7%) | |||
Beverages (21.4%) | |||
Coca-Cola Co. | 9,608,260 | 576,688 | |
PepsiCo Inc. | 3,177,358 | 525,344 | |
* | Monster Beverage Corp. | 2,304,208 | 136,179 |
Constellation Brands Inc. Class A | 491,398 | 122,122 | |
Keurig Dr Pepper Inc. | 3,042,876 | 91,012 | |
Brown-Forman Corp. Class B | 961,352 | 57,902 | |
* | Celsius Holdings Inc. | 485,348 | 39,614 |
Molson Coors Beverage Co. Class B | 624,671 | 38,992 | |
Coca-Cola Consolidated Inc. | 22,617 | 19,016 | |
* | Boston Beer Co. Inc. Class A | 44,625 | 13,751 |
* | National Beverage Corp. | 174,479 | 9,185 |
MGP Ingredients Inc. | 95,551 | 8,139 | |
* | Vita Coco Co. Inc. | 307,382 | 8,023 |
* | Duckhorn Portfolio Inc. | 573,291 | 5,452 |
1,651,419 | |||
Consumer Staples Distribution & Retail (30.5%) | |||
Costco Wholesale Corp. | 1,083,326 | 805,875 | |
Walmart Inc. | 10,453,639 | 612,688 | |
Target Corp. | 1,305,934 | 199,703 | |
Sysco Corp. | 1,505,874 | 121,931 | |
Kroger Co. | 2,031,996 | 100,807 | |
Dollar General Corp. | 638,241 | 92,743 | |
* | Dollar Tree Inc. | 603,265 | 88,487 |
Walgreens Boots Alliance Inc. | 2,244,878 | 47,726 | |
* | Performance Food Group Co. | 538,409 | 41,334 |
Casey's General Stores Inc. | 129,564 | 39,451 | |
* | US Foods Holding Corp. | 735,847 | 37,374 |
* | BJ's Wholesale Club Holdings Inc. | 457,492 | 33,415 |
* | Sprouts Farmers Market Inc. | 445,737 | 27,832 |
Albertsons Cos. Inc. Class A | 1,162,177 | 23,569 | |
PriceSmart Inc. | 152,426 | 12,825 | |
Andersons Inc. | 231,014 | 12,771 | |
* | Grocery Outlet Holding Corp. | 447,850 | 11,550 |
* | Chefs' Warehouse Inc. | 269,357 | 10,238 |
Weis Markets Inc. | 132,508 | 8,605 | |
Ingles Markets Inc. Class A | 109,435 | 8,428 | |
* | United Natural Foods Inc. | 437,350 | 6,827 |
SpartanNash Co. | 314,684 | 6,630 | |
2,350,809 | |||
Food Products (17.0%) | |||
Mondelez International Inc. Class A | 3,910,028 | 285,706 | |
General Mills Inc. | 1,717,566 | 110,233 |
Shares | Market Value• ($000) | ||
Archer-Daniels-Midland Co. | 1,615,198 | 85,783 | |
Hershey Co. | 437,723 | 82,257 | |
Kraft Heinz Co. | 2,131,522 | 75,200 | |
McCormick & Co. Inc. | 769,671 | 53,000 | |
Tyson Foods Inc. Class A | 917,130 | 49,745 | |
Lamb Weston Holdings Inc. | 459,562 | 46,972 | |
Kellanova | 846,841 | 46,703 | |
Bunge Global SA | 484,594 | 45,731 | |
J M Smucker Co. | 355,235 | 42,689 | |
Conagra Brands Inc. | 1,500,212 | 42,126 | |
Hormel Foods Corp. | 990,119 | 34,971 | |
Campbell Soup Co. | 655,343 | 27,944 | |
Ingredion Inc. | 236,017 | 27,763 | |
* | Freshpet Inc. | 222,477 | 25,147 |
* | Darling Ingredients Inc. | 546,066 | 23,104 |
* | Post Holdings Inc. | 214,799 | 22,373 |
Flowers Foods Inc. | 782,984 | 17,554 | |
Lancaster Colony Corp. | 81,480 | 16,860 | |
* | Simply Good Foods Co. | 415,210 | 14,732 |
Cal-Maine Foods Inc. | 232,516 | 13,367 | |
J & J Snack Foods Corp. | 79,455 | 11,527 | |
* | Pilgrim's Pride Corp. | 340,987 | 10,857 |
Utz Brands Inc. | 530,854 | 9,391 | |
* | TreeHouse Foods Inc. | 261,488 | 9,359 |
* | Sovos Brands Inc. | 361,198 | 8,232 |
John B Sanfilippo & Son Inc. | 75,781 | 7,758 | |
B&G Foods Inc. | 671,404 | 7,755 | |
Fresh Del Monte Produce Inc. | 320,646 | 7,673 | |
*,1 | Beyond Meat Inc. | 713,044 | 7,622 |
WK Kellogg Co. | 484,675 | 7,096 | |
* | Hain Celestial Group Inc. | 708,941 | 7,089 |
Tootsie Roll Industries Inc. | 177,367 | 5,768 | |
Calavo Growers Inc. | 187,699 | 5,417 | |
* | Vital Farms Inc. | 298,823 | 5,370 |
* | Mission Produce Inc. | 472,369 | 4,983 |
*,1 | Westrock Coffee Co. | 340,231 | 3,443 |
* | Benson Hill Inc. | 1,367,435 | 338 |
1,309,638 | |||
Household Products (18.8%) | |||
Procter & Gamble Co. | 5,857,083 | 930,925 | |
Colgate-Palmolive Co. | 2,295,778 | 198,631 | |
Kimberly-Clark Corp. | 988,757 | 119,808 | |
Church & Dwight Co. Inc. | 746,511 | 74,741 | |
Clorox Co. | 321,669 | 49,315 | |
WD-40 Co. | 67,531 | 18,124 | |
Spectrum Brands Holdings Inc. | 192,987 | 15,520 | |
* | Central Garden & Pet Co. Class A | 372,956 | 14,057 |
Reynolds Consumer Products Inc. | 376,750 | 11,114 | |
Energizer Holdings Inc. | 354,642 | 10,125 | |
* | Central Garden & Pet Co. | 104,246 | 4,573 |
1,446,933 |
Shares | Market Value• ($000) | ||
Personal Care Products (4.5%) | |||
Estee Lauder Cos. Inc. Class A | 680,349 | 101,086 | |
Kenvue Inc. | 4,998,172 | 94,965 | |
* | e.l.f. Beauty Inc. | 205,528 | 42,859 |
* | BellRing Brands Inc. | 535,632 | 30,504 |
* | Coty Inc. Class A | 1,582,373 | 19,875 |
Inter Parfums Inc. | 96,191 | 14,113 | |
Edgewell Personal Care Co. | 267,791 | 10,227 | |
* | Herbalife Ltd. | 827,736 | 7,309 |
* | USANA Health Sciences Inc. | 122,773 | 5,925 |
Nu Skin Enterprises Inc. Class A | 462,608 | 5,783 | |
Medifast Inc. | 119,183 | 4,778 | |
* | Beauty Health Co. | 942,744 | 3,139 |
* | Olaplex Holdings Inc. | 1,445,608 | 2,689 |
343,252 | |||
Tobacco (7.5%) | |||
Philip Morris International Inc. | 3,790,724 | 341,014 | |
Altria Group Inc. | 5,151,855 | 210,762 | |
Vector Group Ltd. | 880,391 | 9,825 | |
Universal Corp. | 176,483 | 8,473 | |
Turning Point Brands Inc. | 194,592 | 4,923 | |
574,997 | |||
Total Common Stocks (Cost $7,040,425) | 7,677,048 | ||
Temporary Cash Investments (0.3%) | |||
Money Market Fund (0.3%) | |||
2,3 | Vanguard Market Liquidity Fund, 5.400% (Cost $23,270) | 232,753 | 23,273 |
Total Investments (100.0%) (Cost $7,063,695) | 7,700,321 | ||
Other Assets and Liabilities—Net (0.0%) | (1,407) | ||
Net Assets (100.0%) | 7,698,914 | ||
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 $7,498,000. |
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 $7,800,000 was received for securities on loan, of which $7,798,000 is held in Vanguard Market Liquidity Fund and $2,000 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. | 8/30/24 | BANA | 9,199 | (5.326) | 35 | — |
Kraft Heinz Co. | 8/30/24 | BANA | 13,054 | (5.326) | — | (59) |
35 | (59) |
1 | Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/paid monthly. |
BANA—Bank of America, N.A. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $7,040,425) | 7,677,048 |
Affiliated Issuers (Cost $23,270) | 23,273 |
Total Investments in Securities | 7,700,321 |
Investment in Vanguard | 245 |
Cash | 1,880 |
Cash Collateral Pledged—Over-the-Counter Swap Contracts | 140 |
Receivables for Investment Securities Sold | 72,878 |
Receivables for Accrued Income | 10,572 |
Receivables for Capital Shares Issued | 1,322 |
Unrealized Appreciation—Over-the-Counter Swap Contracts | 35 |
Total Assets | 7,787,393 |
Liabilities | |
Payables for Investment Securities Purchased | 76,572 |
Collateral for Securities on Loan | 7,800 |
Payables for Capital Shares Redeemed | 3,757 |
Payables to Vanguard | 291 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 59 |
Total Liabilities | 88,479 |
Net Assets | 7,698,914 |
1 Includes $7,498,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 7,126,137 |
Total Distributable Earnings (Loss) | 572,777 |
Net Assets | 7,698,914 |
ETF Shares—Net Assets | |
Applicable to 32,358,852 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 6,419,496 |
Net Asset Value Per Share—ETF Shares | $198.38 |
Admiral Shares—Net Assets | |
Applicable to 13,079,625 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,279,418 |
Net Asset Value Per Share—Admiral Shares | $97.82 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 111,683 |
Interest2 | 289 |
Securities Lending—Net | 1,369 |
Total Income | 113,341 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 85 |
Management and Administrative— ETF Shares | 2,788 |
Management and Administrative— Admiral Shares | 532 |
Marketing and Distribution— ETF Shares | 154 |
Marketing and Distribution— Admiral Shares | 32 |
Custodian Fees | 28 |
Shareholders’ Reports—ETF Shares | 149 |
Shareholders’ Reports—Admiral Shares | 11 |
Trustees’ Fees and Expenses | 3 |
Other Expenses | 8 |
Total Expenses | 3,790 |
Expenses Paid Indirectly | (1) |
Net Expenses | 3,789 |
Net Investment Income | 109,552 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 240,954 |
Swap Contracts | 370 |
Realized Net Gain (Loss) | 241,324 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | (36,404) |
Swap Contracts | (24) |
Change in Unrealized Appreciation (Depreciation) | (36,428) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 314,448 |
1 | Dividends are net of foreign withholding taxes of $48,000. |
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 $289,000, less than $1,000, less than $1,000, and ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $277,717,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 109,552 | 204,902 | |
Realized Net Gain (Loss) | 241,324 | 226,883 | |
Change in Unrealized Appreciation (Depreciation) | (36,428) | (95,470) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 314,448 | 336,315 | |
Distributions | |||
ETF Shares | (97,327) | (169,896) | |
Admiral Shares | (17,717) | (30,958) | |
Total Distributions | (115,044) | (200,854) | |
Capital Share Transactions | |||
ETF Shares | (682,187) | 81,812 | |
Admiral Shares | 17,583 | (25,525) | |
Net Increase (Decrease) from Capital Share Transactions | (664,604) | 56,287 | |
Total Increase (Decrease) | (465,200) | 191,748 | |
Net Assets | |||
Beginning of Period | 8,164,114 | 7,972,366 | |
End of Period | 7,698,914 | 8,164,114 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $192.42 | $188.63 | $187.61 | $167.31 | $154.72 | $140.13 |
Investment Operations | ||||||
Net Investment Income1 | 2.697 | 4.909 | 4.356 | 4.385 | 3.992 | 3.896 |
Net Realized and Unrealized Gain (Loss) on Investments | 6.083 | 3.705 | .907 | 20.341 | 12.658 | 14.346 |
Total from Investment Operations | 8.780 | 8.614 | 5.263 | 24.726 | 16.650 | 18.242 |
Distributions | ||||||
Dividends from Net Investment Income | (2.820) | (4.824) | (4.243) | (4.427) | (4.060) | (3.652) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.820) | (4.824) | (4.243) | (4.427) | (4.060) | (3.652) |
Net Asset Value, End of Period | $198.38 | $192.42 | $188.63 | $187.61 | $167.31 | $154.72 |
Total Return | 4.65% | 4.65% | 2.83% | 15.01% | 11.01% | 13.24% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $6,420 | $6,940 | $6,747 | $5,908 | $5,712 | $5,296 |
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 | 2.66% | 2.57% | 2.27% | 2.50% | 2.58% | 2.71% |
Portfolio Turnover Rate3 | 4% | 9% | 5% | 8% | 3% | 6% |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $94.88 | $93.01 | $92.51 | $82.50 | $76.29 | $69.09 |
Investment Operations | ||||||
Net Investment Income1 | 1.330 | 2.416 | 2.147 | 2.160 | 1.973 | 1.923 |
Net Realized and Unrealized Gain (Loss) on Investments | 3.001 | 1.831 | .448 | 10.032 | 6.239 | 7.076 |
Total from Investment Operations | 4.331 | 4.247 | 2.595 | 12.192 | 8.212 | 8.999 |
Distributions | ||||||
Dividends from Net Investment Income | (1.391) | (2.377) | (2.095) | (2.183) | (2.002) | (1.799) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.391) | (2.377) | (2.095) | (2.183) | (2.002) | (1.799) |
Net Asset Value, End of Period | $97.82 | $94.88 | $93.01 | $92.51 | $82.50 | $76.29 |
Total Return2 | 4.66% | 4.65% | 2.85% | 15.04% | 11.03% | 13.24% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,279 | $1,224 | $1,225 | $846 | $791 | $710 |
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 | 2.66% | 2.56% | 2.27% | 2.50% | 2.59% | 2.71% |
Portfolio Turnover Rate4 | 4% | 9% | 5% | 8% | 3% | 6% |
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 29, 2024, 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 | 7,677,048 | — | — | 7,677,048 |
Temporary Cash Investments | 23,273 | — | — | 23,273 |
Total | 7,700,321 | — | — | 7,700,321 |
Derivative Financial Instruments | ||||
Assets | ||||
Swap Contracts | — | 35 | — | 35 |
Liabilities | ||||
Swap Contracts | — | 59 | — | 59 |
E. | As of February 29, 2024, 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 | 7,072,928 |
Gross Unrealized Appreciation | 1,243,412 |
Gross Unrealized Depreciation | (616,019) |
Net Unrealized Appreciation (Depreciation) | 627,393 |
F. | During the six months ended February 29, 2024, the fund purchased $304,754,000 of investment securities and sold $289,959,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $329,888,000 and $1,013,785,000, 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 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 337,8771 | 1,7661 | 1,190,077 | 6,226 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (1,020,064)1 | (5,475)1 | (1,108,265) | (5,925) | |
Net Increase (Decrease)—ETF Shares | (682,187) | (3,709) | 81,812 | 301 | |
Admiral Shares | |||||
Issued | 195,770 | 2,107 | 326,126 | 3,468 | |
Issued in Lieu of Cash Distributions | 15,653 | 170 | 27,369 | 295 | |
Redeemed | (193,840) | (2,096) | (379,020) | (4,040) | |
Net Increase (Decrease)—Admiral Shares | 17,583 | 181 | (25,525) | (277) |
1 | Includes unsettled in-kind transactions as of February 29, 2024 for 270,000 issued shares and 135,000 redeemed shares valued at $53,503,000 and $24,676,000, respectively, which settled shortly afterwards. |
H. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
I. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
Coal & Consumable Fuels | 0.4% |
Integrated Oil & Gas | 38.5 |
Oil & Gas Drilling | 1.2 |
Oil & Gas Equipment & Services | 9.8 |
Oil & Gas Exploration & Production | 28.4 |
Oil & Gas Refining & Marketing | 10.6 |
Oil & Gas Storage & Transportation | 11.1 |
Shares | Market Value• ($000) | ||
Common Stocks (99.5%) | |||
Coal & Consumable Fuels (0.5%) | |||
Peabody Energy Corp. | 611,721 | 15,152 | |
CONSOL Energy Inc. | 160,717 | 13,793 | |
* | Uranium Energy Corp. | 1,935,203 | 12,540 |
* | Centrus Energy Corp. Class A | 69,095 | 2,818 |
*,1 | Enviva Inc. | 193,776 | 78 |
44,381 | |||
Integrated Oil & Gas (38.3%) | |||
Exxon Mobil Corp. | 20,432,056 | 2,135,558 | |
Chevron Corp. | 9,267,337 | 1,408,728 | |
Occidental Petroleum Corp. | 3,411,616 | 206,778 | |
3,751,064 | |||
Oil & Gas Drilling (1.2%) | |||
Noble Corp. plc | 584,917 | 24,455 | |
Patterson-UTI Energy Inc. | 1,947,088 | 22,528 | |
* | Valaris Ltd. | 340,054 | 21,440 |
Helmerich & Payne Inc. | 515,396 | 19,786 | |
* | Transocean Ltd. (XNYS) | 3,774,853 | 17,704 |
* | Diamond Offshore Drilling Inc. | 530,430 | 5,883 |
* | Nabors Industries Ltd. (XNYS) | 48,535 | 3,804 |
115,600 | |||
Oil & Gas Equipment & Services (9.7%) | |||
Schlumberger NV | 7,404,500 | 357,860 | |
Halliburton Co. | 4,639,362 | 162,702 | |
Baker Hughes Co. | 5,215,727 | 154,333 | |
TechnipFMC plc | 2,257,110 | 48,957 | |
* | Weatherford International plc | 355,127 | 36,440 |
NOV Inc. | 2,041,942 | 34,509 | |
ChampionX Corp. | 1,009,710 | 31,362 | |
* | Tidewater Inc. | 257,289 | 18,018 |
Liberty Energy Inc. | 830,226 | 17,750 | |
Cactus Inc. Class A | 334,919 | 15,373 | |
Archrock Inc. | 769,082 | 14,051 | |
* | Oceaneering International Inc. | 522,129 | 10,317 |
* | Expro Group Holdings NV | 487,689 | 8,725 |
* | Helix Energy Solutions Group Inc. | 742,189 | 6,680 |
* | US Silica Holdings Inc. | 399,205 | 4,591 |
Select Water Solutions Inc. | 484,949 | 4,141 | |
* | Dril-Quip Inc. | 167,966 | 3,796 |
RPC Inc. | 503,876 | 3,724 | |
Core Laboratories Inc. | 241,781 | 3,619 | |
* | ProPetro Holding Corp. | 428,648 | 3,172 |
* | Newpark Resources Inc. | 418,971 | 2,694 |
* | Bristow Group Inc. | 95,477 | 2,573 |
Kodiak Gas Services Inc. | 100,442 | 2,561 | |
* | TETRA Technologies Inc. | 642,359 | 2,505 |
* | DMC Global Inc. | 102,258 | 1,706 |
952,159 |
Shares | Market Value• ($000) | ||
Oil & Gas Exploration & Production (28.2%) | |||
ConocoPhillips | 6,154,718 | 692,652 | |
EOG Resources Inc. | 3,022,765 | 345,986 | |
Pioneer Natural Resources Co. | 1,210,983 | 284,811 | |
Hess Corp. | 1,432,933 | 208,850 | |
Diamondback Energy Inc. | 881,386 | 160,871 | |
Devon Energy Corp. | 3,321,160 | 146,330 | |
Coterra Energy Inc. | 3,899,224 | 100,522 | |
Marathon Oil Corp. | 3,033,342 | 73,559 | |
Ovintiv Inc. (XNYS) | 1,343,860 | 66,400 | |
EQT Corp. | 1,725,536 | 64,104 | |
Texas Pacific Land Corp. | 31,823 | 50,135 | |
1 | Chesapeake Energy Corp. | 576,263 | 47,703 |
APA Corp. | 1,570,871 | 46,796 | |
Range Resources Corp. | 1,250,814 | 39,551 | |
* | Antero Resources Corp. | 1,480,003 | 38,036 |
* | Southwestern Energy Co. | 5,423,912 | 37,805 |
Matador Resources Co. | 586,665 | 37,048 | |
Permian resources Corp. | 2,240,985 | 34,870 | |
Chord Energy Corp. | 213,964 | 34,758 | |
Murphy Oil Corp. | 760,697 | 30,177 | |
SM Energy Co. | 602,878 | 26,388 | |
Civitas Resources Inc. | 340,185 | 23,364 | |
Magnolia Oil & Gas Corp. Class A | 912,180 | 20,688 | |
* | CNX Resources Corp. | 823,360 | 17,249 |
Northern Oil & Gas Inc. | 468,931 | 16,755 | |
* | Kosmos Energy Ltd. | 2,385,285 | 14,646 |
California Resources Corp. | 266,677 | 13,912 | |
Viper Energy Inc. | 361,394 | 13,061 | |
Sitio Royalties Corp. Class A | 423,931 | 9,674 | |
* | Talos Energy Inc. | 718,949 | 9,483 |
* | Gulfport Energy Corp. | 66,175 | 9,396 |
* | Callon Petroleum Co. | 275,674 | 8,590 |
* | Vital Energy Inc. | 119,421 | 6,010 |
1 | Kimbell Royalty Partners LP | 343,887 | 5,396 |
Crescent Energy Co. Class A | 413,533 | 4,623 | |
Comstock Resources Inc. | 505,342 | 4,321 | |
*,1 | Tellurian Inc. | 3,484,057 | 2,766 |
Vitesse Energy Inc. | 119,557 | 2,717 | |
* | SilverBow Resources Inc. | 92,339 | 2,621 |
Berry Corp. | 351,332 | 2,477 | |
SandRidge Energy Inc. | 173,419 | 2,261 | |
1 | HighPeak Energy Inc. | 133,311 | 2,209 |
W&T Offshore Inc. | 528,076 | 1,595 | |
Riley Exploration Permian Inc. | 31,777 | 751 | |
2,761,917 |
Shares | Market Value• ($000) | ||
Oil & Gas Refining & Marketing (10.5%) | |||
Marathon Petroleum Corp. | 1,967,796 | 333,010 | |
Phillips 66 | 2,280,391 | 324,979 | |
Valero Energy Corp. | 1,764,515 | 249,608 | |
HF Sinclair Corp. | 827,450 | 45,923 | |
PBF Energy Inc. Class A | 570,067 | 26,622 | |
* | Par Pacific Holdings Inc. | 297,899 | 10,760 |
Delek US Holdings Inc. | 331,283 | 8,451 | |
World Kinect Corp. | 312,123 | 7,603 | |
* | Green Plains Inc. | 316,372 | 6,739 |
CVR Energy Inc. | 182,706 | 6,062 | |
* | REX American Resources Corp. | 81,389 | 3,580 |
* | Clean Energy Fuels Corp. | 927,352 | 2,736 |
*,1 | Gevo Inc. | 1,248,085 | 1,113 |
* | Vertex Energy Inc. | 454,651 | 614 |
1,027,800 | |||
Oil & Gas Storage & Transportation (11.1%) | |||
Williams Cos. Inc. | 6,305,670 | 226,626 | |
ONEOK Inc. | 2,869,647 | 215,568 | |
Cheniere Energy Inc. | 1,234,951 | 191,664 | |
Kinder Morgan Inc. | 10,369,548 | 180,326 | |
Targa Resources Corp. | 1,097,980 | 107,866 | |
DTE Midstream LLC | 502,664 | 28,969 | |
Antero Midstream Corp. | 1,864,970 | 24,991 | |
Equitrans Midstream Corp. | 2,245,727 | 24,007 | |
* | Plains GP Holdings LP Class A | 1,018,223 | 17,513 |
* | EnLink Midstream LLC | 1,184,060 | 14,599 |
Hess Midstream LP Class A | 406,202 | 13,847 | |
1 | New Fortress Energy Inc. | 318,843 | 11,207 |
International Seaways Inc. | 190,187 | 10,067 | |
Dorian LPG Ltd. | 178,947 | 6,469 | |
Kinetik Holdings Inc. | 132,938 | 4,695 | |
* | NextDecade Corp. | 465,688 | 2,138 |
Excelerate Energy Inc. Class A | 94,672 | 1,486 | |
1,082,038 | |||
Total Common Stocks (Cost $8,651,822) | 9,734,959 |
Shares | Market Value• ($000) | ||
Temporary Cash Investments (0.2%) | |||
Money Market Fund (0.2%) | |||
2,3 | Vanguard Market Liquidity Fund, 5.400% (Cost $14,111) | 141,144 | 14,113 |
Total Investments (99.7%) (Cost $8,665,933) | 9,749,072 | ||
Other Assets and Liabilities—Net (0.3%) | 33,995 | ||
Net Assets (100.0%) | 9,783,067 | ||
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 $13,653,000. |
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 $14,090,000 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. | 8/30/24 | BANA | 11,145 | (5.326) | 2 | — |
Exxon Mobil Corp. | 1/31/25 | CITNA | 29,788 | (5.311) | — | (13) |
ONEOK Inc. | 1/31/25 | CITNA | 11,268 | (5.326) | 104 | — |
106 | (13) |
1 | Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/paid monthly. |
BANA—Bank of America, N.A. | |
CITNA—Citibank, N.A. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $8,651,822) | 9,734,959 |
Affiliated Issuers (Cost $14,111) | 14,113 |
Total Investments in Securities | 9,749,072 |
Investment in Vanguard | 303 |
Receivables for Investment Securities Sold | 31,599 |
Receivables for Accrued Income | 50,165 |
Receivables for Capital Shares Issued | 551 |
Unrealized Appreciation—Over-the-Counter Swap Contracts | 106 |
Total Assets | 9,831,796 |
Liabilities | |
Due to Custodian | 2,292 |
Payables for Investment Securities Purchased | 29,889 |
Collateral for Securities on Loan | 14,090 |
Payables for Capital Shares Redeemed | 2,072 |
Payables to Vanguard | 373 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 13 |
Total Liabilities | 48,729 |
Net Assets | 9,783,067 |
1 Includes $13,653,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 9,856,169 |
Total Distributable Earnings (Loss) | (73,102) |
Net Assets | 9,783,067 |
ETF Shares—Net Assets | |
Applicable to 67,451,201 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 8,102,294 |
Net Asset Value Per Share—ETF Shares | $120.12 |
Admiral Shares—Net Assets | |
Applicable to 28,009,419 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,680,773 |
Net Asset Value Per Share—Admiral Shares | $60.01 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends | 163,850 |
Interest1 | 721 |
Securities Lending—Net | 45 |
Total Income | 164,616 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 110 |
Management and Administrative— ETF Shares | 3,550 |
Management and Administrative— Admiral Shares | 801 |
Marketing and Distribution— ETF Shares | 214 |
Marketing and Distribution— Admiral Shares | 48 |
Custodian Fees | 43 |
Shareholders’ Reports—ETF Shares | 154 |
Shareholders’ Reports—Admiral Shares | 11 |
Trustees’ Fees and Expenses | 4 |
Other Expenses | 8 |
Total Expenses | 4,943 |
Expenses Paid Indirectly | (6) |
Net Expenses | 4,937 |
Net Investment Income | 159,679 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 279,982 |
Swap Contracts | (3,760) |
Realized Net Gain (Loss) | 276,222 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | (666,687) |
Swap Contracts | 381 |
Change in Unrealized Appreciation (Depreciation) | (666,306) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (230,405) |
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 $721,000, ($4,000), less than $1,000, and ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $330,722,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 159,679 | 356,851 | |
Realized Net Gain (Loss) | 276,222 | 714,427 | |
Change in Unrealized Appreciation (Depreciation) | (666,306) | 237,598 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (230,405) | 1,308,876 | |
Distributions | |||
ETF Shares | (130,526) | (311,564) | |
Admiral Shares | (28,694) | (77,509) | |
Total Distributions | (159,220) | (389,073) | |
Capital Share Transactions | |||
ETF Shares | (21,541) | (162,937) | |
Admiral Shares | (146,059) | (222,832) | |
Net Increase (Decrease) from Capital Share Transactions | (167,600) | (385,769) | |
Total Increase (Decrease) | (557,225) | 534,034 | |
Net Assets | |||
Beginning of Period | 10,340,292 | 9,806,258 | |
End of Period | 9,783,067 | 10,340,292 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $124.62 | $113.45 | $67.99 | $47.90 | $75.75 | $103.13 |
Investment Operations | ||||||
Net Investment Income1 | 1.935 | 4.205 | 3.625 | 2.802 | 2.957 | 2.769 |
Net Realized and Unrealized Gain (Loss) on Investments | (4.509) | 11.554 | 45.526 | 19.789 | (28.064) | (27.449) |
Total from Investment Operations | (2.574) | 15.759 | 49.151 | 22.591 | (25.107) | (24.680) |
Distributions | ||||||
Dividends from Net Investment Income | (1.926) | (4.589) | (3.691) | (2.501) | (2.743) | (2.700) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.926) | (4.589) | (3.691) | (2.501) | (2.743) | (2.700) |
Net Asset Value, End of Period | $120.12 | $124.62 | $113.45 | $67.99 | $47.90 | $75.75 |
Total Return | -2.10% | 14.51% | 74.07% | 48.07% | -33.87% | -24.34% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $8,102 | $8,440 | $7,862 | $4,806 | $2,720 | $3,029 |
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 | 3.09% | 3.58% | 3.80% | 4.54% | 4.91% | 3.15% |
Portfolio Turnover Rate3 | 3% | 9% | 6% | 5% | 8% | 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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $62.25 | $56.67 | $33.97 | $23.93 | $37.84 | $51.52 |
Investment Operations | ||||||
Net Investment Income1 | .962 | 2.095 | 1.829 | 1.435 | 1.461 | 1.388 |
Net Realized and Unrealized Gain (Loss) on Investments | (2.240) | 5.777 | 22.715 | 9.855 | (14.001) | (13.720) |
Total from Investment Operations | (1.278) | 7.872 | 24.544 | 11.290 | (12.540) | (12.332) |
Distributions | ||||||
Dividends from Net Investment Income | (.962) | (2.292) | (1.844) | (1.250) | (1.370) | (1.348) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.962) | (2.292) | (1.844) | (1.250) | (1.370) | (1.348) |
Net Asset Value, End of Period | $60.01 | $62.25 | $56.67 | $33.97 | $23.93 | $37.84 |
Total Return2 | -2.08% | 14.58% | 73.97% | 48.18% | -33.82% | -24.33% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,681 | $1,900 | $1,944 | $1,100 | $407 | $468 |
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 | 3.07% | 3.57% | 3.83% | 4.52% | 4.84% | 3.15% |
Portfolio Turnover Rate4 | 3% | 9% | 6% | 5% | 8% | 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 29, 2024, custodian fee offset arrangements reduced the fund’s expenses by $6,000 (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 | 9,734,959 | — | — | 9,734,959 |
Temporary Cash Investments | 14,113 | — | — | 14,113 |
Total | 9,749,072 | — | — | 9,749,072 |
Derivative Financial Instruments | ||||
Assets | ||||
Swap Contracts | — | 106 | — | 106 |
Liabilities | ||||
Swap Contracts | — | 13 | — | 13 |
E. | As of February 29, 2024, 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 | 8,707,596 |
Gross Unrealized Appreciation | 1,467,966 |
Gross Unrealized Depreciation | (426,490) |
Net Unrealized Appreciation (Depreciation) | 1,041,476 |
F. | During the six months ended February 29, 2024, the fund purchased $298,604,000 of investment securities and sold $416,115,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $826,084,000 and $883,631,000, 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 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 862,1661 | 7,0991 | 1,972,280 | 16,850 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (883,707)1 | (7,375)1 | (2,135,217) | (18,425) | |
Net Increase (Decrease)—ETF Shares | (21,541) | (276) | (162,937) | (1,575) | |
Admiral Shares | |||||
Issued | 197,248 | 3,269 | 706,787 | 12,005 | |
Issued in Lieu of Cash Distributions | 25,154 | 410 | 68,739 | 1,272 | |
Redeemed | (368,461) | (6,195) | (998,358) | (17,057) | |
Net Increase (Decrease)—Admiral Shares | (146,059) | (2,516) | (222,832) | (3,780) |
1 | Includes unsettled in-kind transactions as of February 29, 2024 for 225,000 issued shares and 500,000 redeemed shares valued at $26,961,000 and $58,841,000, respectively, which settled shortly afterwards. |
H. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
I. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
Banks | 26.5% |
Capital Markets | 23.1 |
Consumer Finance | 4.3 |
Financial Services | 28.1 |
Insurance | 17.2 |
Mortgage Real Estate Investment Trusts (REITs) | 0.8 |
Shares | Market Value• ($000) | ||
Common Stocks (98.9%) | |||
Banks (26.2%) | |||
JPMorgan Chase & Co. | 4,406,331 | 819,842 | |
Bank of America Corp. | 10,859,614 | 374,874 | |
Wells Fargo & Co. | 5,536,537 | 307,776 | |
Citigroup Inc. | 2,901,619 | 161,011 | |
US Bancorp | 2,374,894 | 99,651 | |
PNC Financial Services Group Inc. | 607,071 | 89,361 | |
Truist Financial Corp. | 2,032,630 | 71,101 | |
Fifth Third Bancorp | 1,036,925 | 35,608 | |
M&T Bank Corp. | 252,600 | 35,298 | |
Huntington Bancshares Inc. | 2,208,734 | 28,802 | |
Regions Financial Corp. | 1,418,196 | 26,421 | |
First Citizens BancShares Inc. Class A | 15,429 | 24,282 | |
Citizens Financial Group Inc. | 711,383 | 22,330 | |
KeyCorp | 1,427,476 | 20,370 | |
East West Bancorp Inc. | 214,305 | 15,614 | |
Webster Financial Corp. | 262,273 | 12,495 | |
First Horizon Corp. | 850,463 | 11,992 | |
Cullen/Frost Bankers Inc. | 92,517 | 10,039 | |
Comerica Inc. | 200,221 | 9,887 | |
Commerce Bancshares Inc. | 188,724 | 9,821 | |
SouthState Corp. | 115,618 | 9,717 | |
Pinnacle Financial Partners Inc. | 116,832 | 9,664 | |
Popular Inc. | 109,804 | 9,188 | |
Western Alliance Bancorp | 159,064 | 9,183 | |
Wintrust Financial Corp. | 93,381 | 8,997 | |
Prosperity Bancshares Inc. | 143,554 | 8,959 | |
Zions Bancorp NA | 226,224 | 8,920 | |
Synovus Financial Corp. | 223,151 | 8,466 | |
Cadence Bank | 277,908 | 7,692 | |
Old National Bancorp | 444,359 | 7,301 | |
Bank OZK | 165,652 | 7,256 | |
FNB Corp. | 543,193 | 7,246 | |
United Bankshares Inc. | 205,374 | 7,124 | |
Home BancShares Inc. | 290,849 | 6,823 | |
First Financial Bankshares Inc. | 207,149 | 6,409 | |
Glacier Bancorp Inc. | 169,498 | 6,343 | |
Columbia Banking System Inc. | 318,507 | 5,765 | |
Hancock Whitney Corp. | 131,966 | 5,754 | |
UMB Financial Corp. | 70,363 | 5,742 | |
Valley National Bancorp | 660,976 | 5,413 | |
New York Community Bancorp Inc. | 1,092,835 | 5,235 | |
ServisFirst Bancshares Inc. | 78,897 | 4,985 | |
Associated Banc-Corp. | 230,467 | 4,803 | |
Ameris Bancorp | 100,907 | 4,675 | |
United Community Banks Inc. | 179,756 | 4,675 |
Shares | Market Value• ($000) | ||
First BanCorp (XNYS) | 262,652 | 4,460 | |
International Bancshares Corp. | 85,342 | 4,428 | |
* | Axos Financial Inc. | 83,635 | 4,359 |
* | Texas Capital Bancshares Inc. | 73,917 | 4,335 |
Cathay General Bancorp | 104,947 | 4,098 | |
First Hawaiian Inc. | 195,201 | 4,091 | |
WSFS Financial Corp. | 91,550 | 3,881 | |
Atlantic Union Bankshares Corp. | 114,486 | 3,808 | |
Fulton Financial Corp. | 247,122 | 3,806 | |
BOK Financial Corp. | 44,710 | 3,801 | |
First Interstate BancSystem Inc. Class A | 144,395 | 3,800 | |
* | Bancorp Inc. | 82,079 | 3,664 |
Bank of Hawaii Corp. | 60,732 | 3,661 | |
Community Bank System Inc. | 80,469 | 3,645 | |
Simmons First National Corp. Class A | 189,388 | 3,636 | |
CVB Financial Corp. | 212,724 | 3,621 | |
Independent Bank Corp. (XNGS) | 66,017 | 3,444 | |
Pacific Premier Bancorp Inc. | 146,197 | 3,342 | |
Park National Corp. | 24,869 | 3,196 | |
Banc of California Inc. | 216,553 | 3,168 | |
First Financial Bancorp | 145,266 | 3,152 | |
Eastern Bankshares Inc. | 241,936 | 3,126 | |
Seacoast Banking Corp. of Florida | 129,159 | 3,118 | |
BankUnited Inc. | 113,638 | 3,048 | |
First Merchants Corp. | 90,832 | 3,016 | |
Towne Bank | 106,866 | 2,897 | |
WaFd Inc. | 105,512 | 2,874 | |
BancFirst Corp. | 32,646 | 2,864 | |
Renasant Corp. | 85,518 | 2,703 | |
OFG Bancorp | 72,923 | 2,641 | |
WesBanco Inc. | 90,497 | 2,623 | |
* | Triumph Financial Inc. | 33,758 | 2,532 |
Lakeland Financial Corp. | 39,256 | 2,501 | |
* | Customers Bancorp Inc. | 45,853 | 2,490 |
Independent Bank Group Inc. | 56,671 | 2,478 | |
NBT Bancorp Inc. | 71,656 | 2,464 | |
Trustmark Corp. | 88,549 | 2,378 | |
Hilltop Holdings Inc. | 74,115 | 2,289 | |
Banner Corp. | 52,179 | 2,288 | |
Enterprise Financial Services Corp. | 56,929 | 2,273 | |
City Holding Co. | 22,503 | 2,261 | |
First Bancorp (XNGS) | 62,341 | 2,127 | |
Northwest Bancshares Inc. | 183,089 | 2,098 | |
Heartland Financial USA Inc. | 61,604 | 2,095 | |
First Commonwealth Financial Corp. | 157,360 | 2,050 | |
Pathward Financial Inc. | 40,175 | 2,042 |
Shares | Market Value• ($000) | ||
FB Financial Corp. | 57,055 | 2,033 | |
Hope Bancorp Inc. | 182,960 | 2,007 | |
Live Oak Bancshares Inc. | 50,466 | 2,004 | |
National Bank Holdings Corp. Class A | 57,259 | 1,938 | |
Stock Yards Bancorp Inc. | 42,144 | 1,931 | |
Westamerica BanCorp | 41,016 | 1,875 | |
S&T Bancorp Inc. | 59,694 | 1,862 | |
First Busey Corp. | 80,146 | 1,848 | |
Provident Financial Services Inc. | 109,268 | 1,648 | |
Stellar Bancorp Inc. | 68,711 | 1,628 | |
Veritex Holdings Inc. | 82,735 | 1,624 | |
TriCo Bancshares | 48,281 | 1,613 | |
Nicolet Bankshares Inc. | 20,078 | 1,585 | |
Sandy Spring Bancorp Inc. | 68,189 | 1,499 | |
QCR Holdings Inc. | 25,681 | 1,464 | |
Berkshire Hills Bancorp Inc. | 67,812 | 1,457 | |
Preferred Bank | 19,717 | 1,417 | |
German American Bancorp Inc. | 45,016 | 1,416 | |
Peoples Bancorp Inc. | 50,372 | 1,414 | |
1st Source Corp. | 28,266 | 1,407 | |
OceanFirst Financial Corp. | 90,477 | 1,375 | |
Origin Bancorp Inc. | 44,633 | 1,332 | |
Brookline Bancorp Inc. | 135,932 | 1,328 | |
Southside Bancshares Inc. | 42,281 | 1,212 | |
Bank First Corp. | 13,343 | 1,154 | |
Capitol Federal Financial Inc. | 197,283 | 1,142 | |
ConnectOne Bancorp Inc. | 56,766 | 1,123 | |
Lakeland Bancorp Inc. | 94,144 | 1,100 | |
Premier Financial Corp. | 54,478 | 1,056 | |
First Bancshares Inc. | 42,206 | 1,048 | |
Eagle Bancorp Inc. | 43,879 | 1,045 | |
Dime Community Bancshares Inc. | 53,355 | 1,000 | |
Heritage Financial Corp. | 53,689 | 985 | |
First Mid Bancshares Inc. | 32,313 | 979 | |
Byline Bancorp Inc. | 45,785 | 954 | |
Amerant Bancorp Inc. | 44,834 | 950 | |
Community Trust Bancorp Inc. | 23,306 | 927 | |
Tompkins Financial Corp. | 18,912 | 911 | |
Old Second Bancorp Inc. | 67,212 | 903 | |
Univest Financial Corp. | 44,770 | 896 | |
* | CrossFirst Bankshares Inc. | 66,566 | 857 |
Mercantile Bank Corp. | 23,198 | 855 | |
First Community Bankshares Inc. | 25,600 | 848 | |
* | Columbia Financial Inc. | 49,436 | 827 |
Horizon Bancorp Inc. | 66,267 | 798 | |
TrustCo Bank Corp. NY | 29,071 | 793 | |
Midland States Bancorp Inc. | 32,261 | 786 |
Shares | Market Value• ($000) | ||
Great Southern Bancorp Inc. | 14,843 | 774 | |
Heritage Commerce Corp. | 93,103 | 772 | |
Central Pacific Financial Corp. | 41,265 | 770 | |
Cambridge Bancorp | 12,102 | 766 | |
Camden National Corp. | 22,332 | 710 | |
Hanmi Financial Corp. | 46,524 | 703 | |
Metrocity Bankshares Inc. | 28,328 | 688 | |
HarborOne Bancorp Inc. | 66,340 | 675 | |
Washington Trust Bancorp Inc. | 25,992 | 669 | |
Northfield Bancorp Inc. | 64,235 | 649 | |
Southern Missouri Bancorp Inc. | 15,119 | 648 | |
First Financial Corp. | 17,183 | 640 | |
Arrow Financial Corp. | 26,144 | 627 | |
* | Coastal Financial Corp. | 16,249 | 624 |
First Foundation Inc. | 77,368 | 614 | |
Amalgamated Financial Corp. | 25,760 | 595 | |
Peapack-Gladstone Financial Corp. | 24,499 | 594 | |
Kearny Financial Corp. | 93,180 | 593 | |
* | Metropolitan Bank Holding Corp. | 14,867 | 583 |
Capstar Financial Holdings Inc. | 27,993 | 525 | |
Flushing Financial Corp. | 38,921 | 500 | |
* | Carter Bankshares Inc. | 36,488 | 482 |
SmartFinancial Inc. | 22,027 | 474 | |
HomeStreet Inc. | 29,441 | 411 | |
Hingham Institution for Savings | 2,238 | 376 | |
Bank of Marin Bancorp | 22,162 | 368 | |
2,582,266 | |||
Capital Markets (22.8%) | |||
S&P Global Inc. | 493,992 | 211,616 | |
Goldman Sachs Group Inc. | 497,375 | 193,504 | |
BlackRock Inc. | 226,699 | 183,930 | |
Morgan Stanley | 1,875,879 | 161,401 | |
Charles Schwab Corp. | 2,294,952 | 153,257 | |
Blackstone Inc. | 1,082,847 | 138,410 | |
CME Group Inc. | 548,541 | 120,871 | |
Intercontinental Exchange Inc. | 872,150 | 120,723 | |
Moody's Corp. | 250,955 | 95,217 | |
KKR & Co. Inc. | 876,639 | 86,139 | |
MSCI Inc. | 120,518 | 67,607 | |
Bank of New York Mellon Corp. | 1,156,845 | 64,887 | |
Ameriprise Financial Inc. | 154,179 | 62,806 | |
* | Coinbase Global Inc. Class A | 264,421 | 53,826 |
T Rowe Price Group Inc. | 340,234 | 38,566 | |
Raymond James Financial Inc. | 303,895 | 36,565 | |
State Street Corp. | 470,205 | 34,668 | |
Ares Management Corp. Class A | 254,659 | 33,775 | |
Cboe Global Markets Inc. | 160,822 | 30,878 | |
LPL Financial Holdings Inc. | 115,164 | 30,851 | |
Nasdaq Inc. | 527,502 | 29,646 | |
FactSet Research Systems Inc. | 58,074 | 26,864 | |
Northern Trust Corp. | 317,000 | 26,035 |
Shares | Market Value• ($000) | ||
Tradeweb Markets Inc. Class A | 165,950 | 17,561 | |
Interactive Brokers Group Inc. Class A | 154,687 | 16,818 | |
Carlyle Group Inc. | 328,804 | 15,076 | |
Franklin Resources Inc. | 454,599 | 12,479 | |
MarketAxess Holdings Inc. | 57,792 | 12,333 | |
Stifel Financial Corp. | 155,945 | 11,830 | |
Morningstar Inc. | 38,859 | 11,603 | |
SEI Investments Co. | 170,975 | 11,498 | |
Blue Owl Capital Inc. | 625,822 | 11,240 | |
Jefferies Financial Group Inc. | 256,742 | 10,737 | |
Evercore Inc. Class A | 54,660 | 10,226 | |
Houlihan Lokey Inc. | 78,992 | 10,163 | |
* | Robinhood Markets Inc. Class A | 618,724 | 10,091 |
Affiliated Managers Group Inc. | 51,481 | 8,047 | |
Invesco Ltd. | 514,286 | 7,925 | |
Janus Henderson Group plc | 202,250 | 6,302 | |
Hamilton Lane Inc. Class A | 52,890 | 6,074 | |
Moelis & Co. Class A | 101,463 | 5,483 | |
TPG Inc. | 120,067 | 5,325 | |
Piper Sandler Cos. | 27,053 | 5,093 | |
Artisan Partners Asset Management Inc. Class A | 103,401 | 4,453 | |
Federated Hermes Inc. | 123,699 | 4,358 | |
BGC Group Inc. Class A | 559,995 | 3,892 | |
PJT Partners Inc. Class A | 34,837 | 3,672 | |
Cohen & Steers Inc. | 41,246 | 3,034 | |
* | StoneX Group Inc. | 42,445 | 2,940 |
StepStone Group Inc. Class A | 78,060 | 2,711 | |
Virtus Investment Partners Inc. | 11,108 | 2,581 | |
* | Donnelley Financial Solutions Inc. | 39,844 | 2,572 |
Virtu Financial Inc. Class A | 131,092 | 2,366 | |
*,1 | Freedom Holding Corp. | 27,223 | 2,083 |
Victory Capital Holdings Inc. Class A | 50,214 | 1,930 | |
WisdomTree Inc. | 170,880 | 1,377 | |
Brightsphere Investment Group Inc. | 49,403 | 1,119 | |
* | Open Lending Corp. Class A | 119,403 | 867 |
Perella Weinberg Partners | 61,570 | 841 | |
Diamond Hill Investment Group Inc. | 4,682 | 677 | |
P10 Inc. Class A | 59,759 | 554 | |
1 | B Riley Financial Inc. | 26,482 | 485 |
Bridge Investment Group Holdings Inc. Class A | 44,401 | 333 | |
Associated Capital Group Inc. Class A | 4,649 | 156 | |
2,250,947 | |||
Consumer Finance (4.3%) | |||
American Express Co. | 889,163 | 195,100 | |
Capital One Financial Corp. | 580,355 | 79,863 | |
Discover Financial Services | 381,151 | 46,005 | |
Synchrony Financial | 631,060 | 26,063 | |
Ally Financial Inc. | 413,996 | 15,314 |
Shares | Market Value• ($000) | ||
* | SoFi Technologies Inc. | 1,388,909 | 12,472 |
OneMain Holdings Inc. | 173,251 | 8,183 | |
FirstCash Holdings Inc. | 58,701 | 6,721 | |
SLM Corp. | 309,597 | 6,449 | |
* | Credit Acceptance Corp. | 10,509 | 5,818 |
* | Enova International Inc. | 45,751 | 2,894 |
Bread Financial Holdings Inc. | 73,902 | 2,829 | |
*,1 | Upstart Holdings Inc. | 109,150 | 2,811 |
Navient Corp. | 133,405 | 2,169 | |
* | PROG Holdings Inc. | 69,529 | 2,146 |
Nelnet Inc. Class A | 24,227 | 2,080 | |
* | Encore Capital Group Inc. | 35,586 | 1,708 |
* | PRA Group Inc. | 55,562 | 1,420 |
* | LendingClub Corp. | 162,400 | 1,317 |
* | NerdWallet Inc. Class A | 59,052 | 996 |
* | LendingTree Inc. | 17,487 | 692 |
* | World Acceptance Corp. | 5,252 | 629 |
* | Green Dot Corp. Class A | 71,379 | 586 |
424,265 | |||
Financial Services (27.8%) | |||
* | Berkshire Hathaway Inc. Class B | 1,997,784 | 817,893 |
Mastercard Inc. Class A | 1,276,247 | 605,911 | |
Visa Inc. Class A | 2,113,220 | 597,280 | |
* | Fiserv Inc. | 914,291 | 136,476 |
* | PayPal Holdings Inc. | 1,560,567 | 94,165 |
Apollo Global Management Inc. | 605,398 | 67,683 | |
* | Block Inc. (XNYS) | 843,684 | 67,048 |
Fidelity National Information Services Inc. | 902,928 | 62,474 | |
Global Payments Inc. | 396,790 | 51,464 | |
* | FleetCor Technologies Inc. | 110,052 | 30,734 |
Jack Henry & Associates Inc. | 110,970 | 19,283 | |
Equitable Holdings Inc. | 514,631 | 17,621 | |
* | WEX Inc. | 65,109 | 14,306 |
* | Affirm Holdings Inc. | 332,304 | 12,468 |
* | Toast Inc. Class A | 518,778 | 11,932 |
Voya Financial Inc. | 159,091 | 10,875 | |
Corebridge Financial Inc. | 379,578 | 9,425 | |
Essent Group Ltd. | 163,426 | 8,755 | |
MGIC Investment Corp. | 421,562 | 8,385 | |
Western Union Co. | 556,630 | 7,464 | |
* | Euronet Worldwide Inc. | 66,668 | 7,296 |
* | Mr Cooper Group Inc. | 100,602 | 7,171 |
Radian Group Inc. | 233,028 | 6,790 | |
* | Shift4 Payments Inc. Class A | 78,603 | 6,463 |
Jackson Financial Inc. Class A | 109,331 | 6,019 | |
PennyMac Financial Services Inc. | 64,984 | 5,519 | |
Walker & Dunlop Inc. | 50,800 | 4,845 | |
* | Flywire Corp. | 163,074 | 4,630 |
* | Remitly Global Inc. | 211,718 | 4,366 |
* | Marqeta Inc. Class A | 605,896 | 3,957 |
EVERTEC Inc. | 99,323 | 3,589 | |
* | NMI Holdings Inc. Class A | 117,851 | 3,545 |
* | AvidXchange Holdings Inc. | 247,744 | 3,293 |
Federal Agricultural Mortgage Corp. Class C | 14,251 | 2,549 | |
Compass Diversified Holdings | 103,611 | 2,383 |
Shares | Market Value• ($000) | ||
* | NCR Atleos Corp. | 107,587 | 2,341 |
* | Rocket Cos. Inc. Class A | 186,022 | 2,336 |
* | Cannae Holdings Inc. | 101,330 | 2,211 |
* | Payoneer Global Inc. | 413,941 | 2,012 |
Merchants Bancorp | 26,451 | 1,134 | |
* | Repay Holdings Corp. | 128,334 | 1,115 |
* | International Money Express Inc. | 49,701 | 979 |
Cass Information Systems Inc. | 19,915 | 962 | |
* | I3 Verticals Inc. Class A | 35,323 | 753 |
A-Mark Precious Metals Inc. | 28,739 | 738 | |
* | Paymentus Holdings Inc. Class A | 26,059 | 405 |
Guild Holdings Co. Class A | 15,960 | 219 | |
2,739,262 | |||
Insurance (17.0%) | |||
Progressive Corp. | 891,480 | 168,989 | |
Chubb Ltd. | 622,047 | 156,551 | |
Marsh & McLennan Cos. Inc. | 751,696 | 152,046 | |
Aon plc Class A (XNYS) | 305,096 | 96,407 | |
Arthur J Gallagher & Co. | 329,030 | 80,260 | |
American International Group Inc. | 1,069,765 | 77,975 | |
Travelers Cos. Inc. | 347,959 | 76,885 | |
Aflac Inc. | 845,803 | 68,290 | |
MetLife Inc. | 958,717 | 66,861 | |
Allstate Corp. | 398,764 | 63,611 | |
Prudential Financial Inc. | 550,100 | 59,955 | |
Hartford Financial Services Group Inc. | 458,244 | 43,918 | |
Willis Towers Watson plc | 157,328 | 42,889 | |
Brown & Brown Inc. | 368,606 | 31,040 | |
* | Markel Group Inc. | 20,134 | 30,050 |
Principal Financial Group Inc. | 363,360 | 29,381 | |
Cincinnati Financial Corp. | 238,728 | 27,215 | |
W R Berkley Corp. | 314,414 | 26,285 | |
* | Arch Capital Group Ltd. | 293,649 | 25,721 |
Everest Group Ltd. | 66,149 | 24,401 | |
Loews Corp. | 288,959 | 21,710 | |
Fidelity National Financial Inc. | 393,835 | 19,920 | |
Globe Life Inc. | 143,647 | 18,233 | |
Reinsurance Group of America Inc. | 100,264 | 17,732 | |
RenaissanceRe Holdings Ltd. | 78,010 | 17,538 | |
Kinsale Capital Group Inc. | 33,655 | 17,372 | |
Erie Indemnity Co. Class A | 38,612 | 15,710 | |
Unum Group | 296,371 | 14,656 | |
Assurant Inc. | 80,336 | 14,577 | |
American Financial Group Inc. | 108,572 | 13,861 | |
Primerica Inc. | 53,219 | 13,053 | |
Old Republic International Corp. | 405,708 | 11,749 | |
Selective Insurance Group Inc. | 92,412 | 9,655 |
Shares | Market Value• ($000) | ||
First American Financial Corp. | 157,888 | 9,222 | |
RLI Corp. | 62,608 | 9,169 | |
* | Ryan Specialty Holdings Inc. | 153,324 | 8,031 |
Axis Capital Holdings Ltd. | 123,319 | 7,716 | |
Assured Guaranty Ltd. | 83,343 | 7,634 | |
Hanover Insurance Group Inc. | 54,578 | 7,175 | |
Lincoln National Corp. | 258,786 | 7,127 | |
White Mountains Insurance Group Ltd. | 3,950 | 6,974 | |
* | Enstar Group Ltd. | 18,507 | 5,699 |
Kemper Corp. | 97,643 | 5,598 | |
* | American Equity Investment Life Holding Co. | 96,404 | 5,354 |
CNO Financial Group Inc. | 171,863 | 4,587 | |
* | Brighthouse Financial Inc. | 97,691 | 4,548 |
* | Genworth Financial Inc. Class A | 687,336 | 4,227 |
* | Oscar Health Inc. Class A | 200,730 | 3,264 |
* | Palomar Holdings Inc. | 38,059 | 2,898 |
Stewart Information Services Corp. | 41,831 | 2,635 | |
* | BRP Group Inc. Class A | 92,340 | 2,569 |
* | Goosehead Insurance Inc. Class A | 33,610 | 2,543 |
Horace Mann Educators Corp. | 62,462 | 2,261 | |
Mercury General Corp. | 42,318 | 2,061 | |
* | SiriusPoint Ltd. | 153,154 | 1,879 |
Safety Insurance Group Inc. | 22,680 | 1,863 | |
Employers Holdings Inc. | 38,941 | 1,780 | |
* | Skyward Specialty Insurance Group Inc. | 42,718 | 1,563 |
AMERISAFE Inc. | 29,473 | 1,555 | |
National Western Life Group Inc. Class A | 3,182 | 1,545 | |
*,1 | Trupanion Inc. | 49,541 | 1,325 |
*,1 | Lemonade Inc. | 79,025 | 1,283 |
HCI Group Inc. | 10,891 | 1,063 | |
ProAssurance Corp. | 75,374 | 929 | |
United Fire Group Inc. | 32,467 | 756 | |
James River Group Holdings Ltd. | 57,311 | 573 | |
Donegal Group Inc. Class A | 25,015 | 350 | |
* | Hagerty Inc. Class A | 37,729 | 324 |
* | Hippo Holdings Inc. | 18,703 | 263 |
1,682,839 | |||
Mortgage Real Estate Investment Trusts (REITs) (0.8%) | |||
Annaly Capital Management Inc. | 763,553 | 14,576 | |
AGNC Investment Corp. | 1,025,524 | 9,804 | |
Starwood Property Trust Inc. | 477,557 | 9,737 | |
Rithm Capital Corp. | 735,487 | 7,973 | |
Blackstone Mortgage Trust Inc. Class A | 250,123 | 5,095 |
Shares | Market Value• ($000) | ||
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 169,646 | 4,270 | |
Arbor Realty Trust Inc. | 284,630 | 3,814 | |
Apollo Commercial Real Estate Finance Inc. | 204,698 | 2,295 | |
Ready Capital Corp. | 251,704 | 2,223 | |
Ladder Capital Corp. | 173,741 | 1,878 | |
Two Harbors Investment Corp. | 147,637 | 1,871 | |
PennyMac Mortgage Investment Trust | 130,225 | 1,840 | |
MFA Financial Inc. REIT | 155,680 | 1,747 | |
Claros Mortgage Trust Inc. | 170,290 | 1,648 | |
Franklin BSP Realty Trust Inc. REIT | 126,503 | 1,633 | |
1 | ARMOUR Residential REIT Inc. | 75,431 | 1,493 |
Chimera Investment Corp. | 336,714 | 1,468 | |
Brightspire Capital Inc. | 200,833 | 1,388 | |
Ellington Financial Inc. | 113,767 | 1,289 | |
Dynex Capital Inc. | 89,433 | 1,104 | |
Redwood Trust Inc. | 173,800 | 1,065 | |
New York Mortgage Trust Inc. | 139,625 | 1,007 | |
KKR Real Estate Finance Trust Inc. | 89,808 | 876 | |
1 | Orchid Island Capital Inc. | 81,562 | 701 |
Invesco Mortgage Capital Inc. REIT | 75,163 | 679 | |
TPG RE Finance Trust Inc. | 83,301 | 623 | |
Ares Commercial Real Estate Corp. | 74,902 | 565 | |
82,662 | |||
Total Common Stocks (Cost $8,361,984) | 9,762,241 | ||
Temporary Cash Investments (1.0%) | |||
Money Market Fund (1.0%) | |||
2,3 | Vanguard Market Liquidity Fund, 5.400% (Cost $96,684) | 967,098 | 96,700 |
Total Investments (99.9%) (Cost $8,458,668) | 9,858,941 | ||
Other Assets and Liabilities—Net (0.1%) | 11,275 | ||
Net Assets (100.0%) | 9,870,216 | ||
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 $6,257,000. |
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 $6,646,000 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. | 8/30/24 | BANA | 24,087 | (5.326) | — | (97) |
Visa Inc. Class A | 8/30/24 | BANA | 84,792 | (5.226) | — | (189) |
— | (286) |
1 | Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/paid monthly. |
BANA—Bank of America, N.A. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $8,361,984) | 9,762,241 |
Affiliated Issuers (Cost $96,684) | 96,700 |
Total Investments in Securities | 9,858,941 |
Investment in Vanguard | 303 |
Receivables for Investment Securities Sold | 37,052 |
Receivables for Accrued Income | 14,571 |
Receivables for Capital Shares Issued | 4,664 |
Total Assets | 9,915,531 |
Liabilities | |
Due to Custodian | 61 |
Payables for Investment Securities Purchased | 29,040 |
Collateral for Securities on Loan | 6,646 |
Payables for Capital Shares Redeemed | 8,905 |
Payables to Vanguard | 377 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 286 |
Total Liabilities | 45,315 |
Net Assets | 9,870,216 |
1 Includes $6,257,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 9,031,400 |
Total Distributable Earnings (Loss) | 838,816 |
Net Assets | 9,870,216 |
ETF Shares—Net Assets | |
Applicable to 93,066,731 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 9,126,858 |
Net Asset Value Per Share—ETF Shares | $98.07 |
Admiral Shares—Net Assets | |
Applicable to 15,124,687 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 743,358 |
Net Asset Value Per Share—Admiral Shares | $49.15 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends | 96,320 |
Interest1 | 2,404 |
Securities Lending—Net | 879 |
Total Income | 99,603 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 104 |
Management and Administrative— ETF Shares | 3,795 |
Management and Administrative— Admiral Shares | 305 |
Marketing and Distribution— ETF Shares | 219 |
Marketing and Distribution— Admiral Shares | 18 |
Shareholders’ Reports—ETF Shares | 146 |
Shareholders’ Reports—Admiral Shares | 5 |
Trustees’ Fees and Expenses | 3 |
Other Expenses | 8 |
Total Expenses | 4,603 |
Net Investment Income | 95,000 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 389,768 |
Swap Contracts | 12,063 |
Realized Net Gain (Loss) | 401,831 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 1,103,382 |
Swap Contracts | (286) |
Change in Unrealized Appreciation (Depreciation) | 1,103,096 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,599,927 |
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 $2,404,000, ($2,000), $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $415,659,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 95,000 | 213,304 | |
Realized Net Gain (Loss) | 401,831 | (224,804) | |
Change in Unrealized Appreciation (Depreciation) | 1,103,096 | 437,385 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,599,927 | 425,885 | |
Distributions | |||
ETF Shares | (105,827) | (200,453) | |
Admiral Shares | (8,120) | (16,982) | |
Total Distributions | (113,947) | (217,435) | |
Capital Share Transactions | |||
ETF Shares | (959,230) | (155,821) | |
Admiral Shares | (31,193) | (75,505) | |
Net Increase (Decrease) from Capital Share Transactions | (990,423) | (231,326) | |
Total Increase (Decrease) | 495,557 | (22,876) | |
Net Assets | |||
Beginning of Period | 9,374,659 | 9,397,535 | |
End of Period | 9,870,216 | 9,374,659 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $83.49 | $81.31 | $94.79 | $61.18 | $67.31 | $71.60 |
Investment Operations | ||||||
Net Investment Income1 | .893 | 1.924 | 1.852 | 1.676 | 1.652 | 1.539 |
Net Realized and Unrealized Gain (Loss) on Investments | 14.732 | 2.219 | (13.457) | 33.519 | (6.081) | (4.338) |
Total from Investment Operations | 15.625 | 4.143 | (11.605) | 35.195 | (4.429) | (2.799) |
Distributions | ||||||
Dividends from Net Investment Income | (1.045) | (1.963) | (1.875) | (1.585) | (1.701) | (1.491) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.045) | (1.963) | (1.875) | (1.585) | (1.701) | (1.491) |
Net Asset Value, End of Period | $98.07 | $83.49 | $81.31 | $94.79 | $61.18 | $67.31 |
Total Return | 18.89% | 5.27% | -12.43% | 58.26% | -6.73% | -3.85% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $9,127 | $8,711 | $8,676 | $10,946 | $6,140 | $7,222 |
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 | 2.00% | 2.34% | 2.03% | 2.09% | 2.53% | 2.30% |
Portfolio Turnover Rate2 | 2% | 20% | 6% | 4% | 5% | 5% |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $41.84 | $40.75 | $47.51 | $30.66 | $33.73 | $35.88 |
Investment Operations | ||||||
Net Investment Income1 | .449 | .962 | .931 | .841 | .828 | .771 |
Net Realized and Unrealized Gain (Loss) on Investments | 7.385 | 1.112 | (6.751) | 16.803 | (3.046) | (2.174) |
Total from Investment Operations | 7.834 | 2.074 | (5.820) | 17.644 | (2.218) | (1.403) |
Distributions | ||||||
Dividends from Net Investment Income | (.524) | (.984) | (.940) | (.794) | (.852) | (.747) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.524) | (.984) | (.940) | (.794) | (.852) | (.747) |
Net Asset Value, End of Period | $49.15 | $41.84 | $40.75 | $47.51 | $30.66 | $33.73 |
Total Return2 | 18.91% | 5.27% | -12.43% | 58.32% | -6.70% | -3.87% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $743 | $664 | $721 | $822 | $432 | $490 |
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 | 2.01% | 2.34% | 2.05% | 2.09% | 2.53% | 2.30% |
Portfolio Turnover Rate3 | 2% | 20% | 6% | 4% | 5% | 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 | 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 | 9,762,241 | — | — | 9,762,241 |
Temporary Cash Investments | 96,700 | — | — | 96,700 |
Total | 9,858,941 | — | — | 9,858,941 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Swap Contracts | — | 286 | — | 286 |
D. | As of February 29, 2024, 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 | 8,469,496 |
Gross Unrealized Appreciation | 1,800,212 |
Gross Unrealized Depreciation | (410,767) |
Net Unrealized Appreciation (Depreciation) | 1,389,445 |
E. | During the six months ended February 29, 2024, the fund purchased $145,219,000 of investment securities and sold $222,668,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $994,566,000 and $1,930,917,000, 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 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 1,013,9471 | 11,8611 | 2,179,191 | 26,823 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (1,973,177)1 | (23,125)1 | (2,335,012) | (29,200) | |
Net Increase (Decrease)—ETF Shares | (959,230) | (11,264) | (155,821) | (2,377) | |
Admiral Shares | |||||
Issued | 67,499 | 1,502 | 185,881 | 4,558 | |
Issued in Lieu of Cash Distributions | 6,652 | 155 | 14,096 | 359 | |
Redeemed | (105,344) | (2,396) | (275,482) | (6,754) | |
Net Increase (Decrease)—Admiral Shares | (31,193) | (739) | (75,505) | (1,837) |
1 | Includes unsettled in-kind transactions as of February 29, 2024 for 325,000 issued shares and 1,375,000 redeemed shares valued at $27,534,000 and $127,100,000, respectively, which settled shortly afterwards. |
G. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
H. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
Biotechnology | 18.7% |
Health Care Equipment & Supplies | 19.9 |
Health Care Providers & Services | 20.3 |
Health Care Technology | 0.9 |
Life Sciences Tools & Services | 11.3 |
Pharmaceuticals | 28.9 |
Shares | Market Value• ($000) | ||
Common Stocks (99.9%) | |||
Biotechnology (18.6%) | |||
AbbVie Inc. | 6,022,622 | 1,060,283 | |
Amgen Inc. | 1,825,616 | 499,908 | |
* | Vertex Pharmaceuticals Inc. | 878,988 | 369,825 |
* | Regeneron Pharmaceuticals Inc. | 365,424 | 353,033 |
Gilead Sciences Inc. | 4,250,421 | 306,455 | |
* | Biogen Inc. | 494,265 | 107,251 |
* | Moderna Inc. | 1,105,579 | 101,979 |
* | Alnylam Pharmaceuticals Inc. | 403,113 | 60,906 |
* | BioMarin Pharmaceutical Inc. | 642,529 | 55,437 |
* | Neurocrine Biosciences Inc. | 335,099 | 43,697 |
* | Incyte Corp. | 649,519 | 37,906 |
* | United Therapeutics Corp. | 160,288 | 36,167 |
* | Exact Sciences Corp. | 616,987 | 35,495 |
* | Karuna Therapeutics Inc. | 109,853 | 34,491 |
* | Natera Inc. | 389,394 | 33,679 |
* | Sarepta Therapeutics Inc. | 222,193 | 28,419 |
* | Vaxcyte Inc. | 307,858 | 22,726 |
* | Viking Therapeutics Inc. | 290,049 | 22,348 |
* | Cytokinetics Inc. | 301,055 | 21,748 |
*,1 | CRISPR Therapeutics AG | 257,208 | 21,662 |
* | Exelixis Inc. | 954,432 | 20,902 |
* | Ionis Pharmaceuticals Inc. | 440,587 | 19,919 |
* | Blueprint Medicines Corp. | 197,013 | 18,425 |
* | Halozyme Therapeutics Inc. | 451,189 | 17,962 |
* | Alkermes plc | 539,362 | 16,014 |
* | Apellis Pharmaceuticals Inc. | 242,592 | 15,033 |
* | Arrowhead Pharmaceuticals Inc. | 420,364 | 13,494 |
* | Ultragenyx Pharmaceutical Inc. | 252,201 | 13,044 |
* | Insmed Inc. | 463,697 | 12,854 |
* | Bridgebio Pharma Inc. | 356,089 | 12,160 |
* | Biohaven Ltd. | 246,306 | 11,857 |
* | Roivant Sciences Ltd. | 959,911 | 10,981 |
* | Iovance Biotherapeutics Inc. | 654,974 | 10,421 |
* | REVOLUTION Medicines Inc. | 347,397 | 10,241 |
* | Cerevel Therapeutics Holdings Inc. | 247,443 | 10,145 |
* | Xenon Pharmaceuticals Inc. | 213,863 | 10,094 |
* | Krystal Biotech Inc. | 62,538 | 9,973 |
* | Amicus Therapeutics Inc. | 750,542 | 9,622 |
* | Madrigal Pharmaceuticals Inc. | 40,414 | 9,546 |
Shares | Market Value• ($000) | ||
* | Beam Therapeutics Inc. | 236,415 | 9,336 |
* | Intellia Therapeutics Inc. | 290,464 | 9,330 |
* | Ideaya Biosciences Inc. | 192,450 | 8,603 |
* | TG Therapeutics Inc. | 491,646 | 8,466 |
* | ACADIA Pharmaceuticals Inc. | 364,161 | 8,463 |
* | Celldex Therapeutics Inc. | 167,744 | 8,062 |
* | SpringWorks Therapeutics Inc. | 160,238 | 7,893 |
* | Twist Bioscience Corp. | 197,196 | 7,748 |
* | Crinetics Pharmaceuticals Inc. | 182,999 | 7,492 |
* | Denali Therapeutics Inc. | 377,336 | 7,464 |
* | Nuvalent Inc. Class A | 87,956 | 7,399 |
* | Ardelyx Inc. | 791,837 | 7,380 |
* | Recursion Pharmaceuticals Inc. Class A | 532,981 | 7,174 |
* | Vericel Corp. | 155,030 | 7,082 |
* | Rhythm Pharmaceuticals Inc. | 161,243 | 7,001 |
* | PTC Therapeutics Inc. | 232,506 | 6,554 |
* | Arcellx Inc. | 97,436 | 6,413 |
* | Myriad Genetics Inc. | 302,096 | 6,323 |
* | Rocket Pharmaceuticals Inc. | 215,368 | 6,310 |
* | Merus NV | 128,038 | 6,207 |
* | Agios Pharmaceuticals Inc. | 190,019 | 6,141 |
* | Immunovant Inc. | 173,314 | 6,130 |
* | Syndax Pharmaceuticals Inc. | 260,496 | 6,106 |
* | Kymera Therapeutics Inc. | 137,825 | 5,885 |
* | Veracyte Inc. | 248,415 | 5,850 |
* | Keros Therapeutics Inc. | 86,255 | 5,822 |
* | Catalyst Pharmaceuticals Inc. | 360,943 | 5,786 |
* | Dynavax Technologies Corp. | 418,692 | 5,305 |
* | Protagonist Therapeutics Inc. | 158,098 | 4,803 |
* | Ironwood Pharmaceuticals Inc. | 478,455 | 4,512 |
* | Xencor Inc. | 187,629 | 4,306 |
* | Akero Therapeutics Inc. | 151,846 | 4,098 |
* | Sage Therapeutics Inc. | 183,596 | 3,944 |
* | ADMA Biologics Inc. | 734,928 | 3,939 |
* | Alpine Immune Sciences Inc. | 109,817 | 3,868 |
* | Prothena Corp. plc | 138,210 | 3,813 |
* | MannKind Corp. | 926,132 | 3,806 |
* | Morphic Holding Inc. | 101,864 | 3,764 |
* | Kura Oncology Inc. | 176,608 | 3,723 |
* | Vir Biotechnology Inc. | 323,008 | 3,631 |
* | BioCryst Pharmaceuticals Inc. | 629,628 | 3,545 |
* | Sana Biotechnology Inc. | 335,093 | 3,364 |
* | MiMedx Group Inc. | 400,692 | 3,270 |
* | Avidity Biosciences Inc. | 177,142 | 3,242 |
Shares | Market Value• ($000) | ||
* | Arcus Biosciences Inc. | 167,095 | 3,197 |
* | Arcturus Therapeutics Holdings Inc. | 81,503 | 3,159 |
* | Verve Therapeutics Inc. | 178,584 | 3,045 |
* | Mirum Pharmaceuticals Inc. | 103,891 | 2,983 |
*,1 | MoonLake Immunotherapeutics | 61,701 | 2,976 |
* | 89bio Inc. | 254,498 | 2,919 |
* | MacroGenics Inc. | 158,700 | 2,847 |
* | Relay Therapeutics Inc. | 283,179 | 2,837 |
* | Disc Medicine Inc. | 41,127 | 2,824 |
* | Geron Corp. (XNGS) | 1,390,444 | 2,781 |
* | Day One Biopharmaceuticals Inc. | 162,524 | 2,719 |
*,1 | Janux Therapeutics Inc. | 55,078 | 2,665 |
* | Inhibrx Inc. | 72,665 | 2,662 |
* | Viridian Therapeutics Inc. | 142,070 | 2,658 |
*,1 | Aurinia Pharmaceuticals Inc. | 464,247 | 2,656 |
* | Zentalis Pharmaceuticals Inc. | 168,625 | 2,514 |
* | Editas Medicine Inc. | 249,792 | 2,513 |
* | Cabaletta Bio Inc. | 102,340 | 2,342 |
* | Altimmune Inc. | 183,344 | 2,218 |
*,1 | Summit Therapeutics Inc. (XNMS) | 474,706 | 2,155 |
*,1 | ImmunityBio Inc. | 454,124 | 2,148 |
* | REGENXBIO Inc. | 120,223 | 2,097 |
* | Deciphera Pharmaceuticals Inc. | 123,331 | 2,058 |
* | Kiniksa Pharmaceuticals Ltd. Class A | 96,431 | 2,039 |
* | Y-mAbs Therapeutics Inc. | 119,150 | 1,990 |
* | CareDx Inc. | 184,305 | 1,961 |
* | Fate Therapeutics Inc. | 272,139 | 1,929 |
* | Travere Therapeutics Inc. | 255,076 | 1,928 |
* | Allogene Therapeutics Inc. | 370,800 | 1,821 |
*,1 | Novavax Inc. | 364,782 | 1,802 |
* | Avid Bioservices Inc. | 214,793 | 1,650 |
* | Nurix Therapeutics Inc. | 131,712 | 1,627 |
* | Alector Inc. | 225,596 | 1,572 |
* | Tango Therapeutics Inc. | 138,319 | 1,540 |
* | Cogent Biosciences Inc. | 212,187 | 1,485 |
* | Cullinan Oncology Inc. | 79,821 | 1,474 |
*,1 | Anavex Life Sciences Corp. | 278,635 | 1,432 |
*,1 | Biomea Fusion Inc. | 78,320 | 1,371 |
* | Lyell Immunopharma Inc. | 425,686 | 1,243 |
* | Prime Medicine Inc. | 143,646 | 1,240 |
* | HilleVax Inc. | 65,972 | 1,197 |
*,1 | ALX Oncology Holdings Inc. | 76,580 | 1,123 |
* | Replimune Group Inc. | 120,711 | 1,036 |
Shares | Market Value• ($000) | ||
* | Humacyte Inc. | 230,164 | 1,001 |
* | Enanta Pharmaceuticals Inc. | 67,718 | 973 |
*,1 | Heron Therapeutics Inc. | 359,557 | 956 |
* | AnaptysBio Inc. | 36,481 | 931 |
* | Gossamer Bio Inc. | 654,461 | 923 |
* | Vanda Pharmaceuticals Inc. | 197,717 | 884 |
* | iTeos Therapeutics Inc. | 79,129 | 848 |
* | uniQure NV | 146,411 | 842 |
* | 2seventy bio Inc. | 158,070 | 822 |
* | MeiraGTx Holdings plc | 132,771 | 819 |
*,1 | Ocugen Inc. | 853,701 | 799 |
* | Coherus Biosciences Inc. | 339,191 | 773 |
* | Monte Rosa Therapeutics Inc. | 119,964 | 759 |
* | Organogenesis Holdings Inc. | 201,524 | 719 |
* | Agenus Inc. | 1,046,162 | 701 |
* | Inovio Pharmaceuticals Inc. | 76,499 | 678 |
* | Rapt Therapeutics Inc. | 76,436 | 655 |
*,1 | Aerovate Therapeutics Inc. | 28,272 | 653 |
*,1 | Vaxart Inc. | 531,606 | 649 |
* | Erasca Inc. | 257,468 | 613 |
* | Sangamo Therapeutics Inc. | 526,178 | 610 |
* | Emergent BioSolutions Inc. | 183,220 | 592 |
* | Aldeyra Therapeutics Inc. | 159,559 | 578 |
* | FibroGen Inc. | 327,013 | 559 |
* | Acelyrin Inc. | 66,110 | 559 |
* | Stoke Therapeutics Inc. | 67,804 | 525 |
* | Entrada Therapeutics Inc. | 38,723 | 512 |
*,2 | PDL BioPharma Inc. | 311,327 | 501 |
*,1 | IGM Biosciences Inc. | 39,384 | 497 |
* | Foghorn Therapeutics Inc. | 62,061 | 480 |
* | Seres Therapeutics Inc. | 353,709 | 403 |
*,1 | Repare Therapeutics Inc. | 55,949 | 389 |
* | Mural Oncology plc | 50,877 | 269 |
* | Century Therapeutics Inc. | 70,873 | 260 |
* | Eagle Pharmaceuticals Inc. | 40,438 | 237 |
* | Atara Biotherapeutics Inc. | 277,033 | 216 |
* | PMV Pharmaceuticals Inc. | 99,150 | 183 |
*,2 | Prevail Therapeutics CVR | 78 | — |
3,881,256 | |||
Health Care Equipment & Supplies (19.9%) | |||
Abbott Laboratories | 5,921,886 | 702,573 | |
* | Intuitive Surgical Inc. | 1,200,975 | 463,096 |
Stryker Corp. | 1,166,425 | 407,164 | |
Medtronic plc | 4,535,468 | 378,077 | |
* | Boston Scientific Corp. | 4,997,095 | 330,858 |
Becton Dickinson & Co. | 987,631 | 232,636 | |
* | Edwards Lifesciences Corp. | 2,068,906 | 175,588 |
* | IDEXX Laboratories Inc. | 283,316 | 162,972 |
* | DexCom Inc. | 1,318,042 | 151,667 |
GE Healthcare Inc. | 1,397,666 | 127,579 | |
Zimmer Biomet Holdings Inc. | 712,781 | 88,641 | |
ResMed Inc. | 501,777 | 87,169 |
Shares | Market Value• ($000) | ||
STERIS plc | 336,995 | 78,489 | |
* | Align Technology Inc. | 248,219 | 75,066 |
Baxter International Inc. | 1,730,531 | 70,813 | |
Cooper Cos. Inc. | 675,731 | 63,248 | |
* | Hologic Inc. | 818,566 | 60,410 |
* | Insulet Corp. | 238,230 | 39,070 |
Teleflex Inc. | 160,316 | 35,717 | |
* | Shockwave Medical Inc. | 125,875 | 32,837 |
* | Penumbra Inc. | 125,088 | 29,386 |
DENTSPLY SIRONA Inc. | 722,692 | 23,618 | |
* | Masimo Corp. | 153,075 | 19,676 |
* | Inspire Medical Systems Inc. | 100,737 | 18,036 |
* | Globus Medical Inc. Class A | 293,555 | 15,849 |
* | Lantheus Holdings Inc. | 234,008 | 15,299 |
* | Merit Medical Systems Inc. | 196,963 | 15,009 |
* | Glaukos Corp. | 158,134 | 14,009 |
* | Haemonetics Corp. | 173,440 | 12,658 |
* | Integer Holdings Corp. | 113,748 | 12,545 |
* | iRhythm Technologies Inc. | 104,595 | 12,410 |
* | Neogen Corp. | 702,927 | 12,083 |
* | Envista Holdings Corp. | 584,819 | 12,077 |
* | Axonics Inc. | 172,816 | 11,741 |
* | LivaNova plc | 184,200 | 10,096 |
* | Enovis Corp. | 167,881 | 10,041 |
* | TransMedics Group Inc. | 111,620 | 9,108 |
CONMED Corp. | 104,792 | 8,417 | |
* | Integra LifeSciences Holdings Corp. | 226,924 | 8,376 |
* | Inari Medical Inc. | 176,789 | 8,154 |
* | QuidelOrtho Corp. | 170,746 | 7,786 |
* | ICU Medical Inc. | 69,863 | 7,631 |
*,1 | PROCEPT BioRobotics Corp. | 155,079 | 7,497 |
* | Tandem Diabetes Care Inc. | 223,360 | 5,948 |
* | AtriCure Inc. | 161,229 | 5,638 |
* | Novocure Ltd. | 348,041 | 5,329 |
* | UFP Technologies Inc. | 24,676 | 5,140 |
* | RxSight Inc. | 91,719 | 5,005 |
LeMaitre Vascular Inc. | 68,714 | 4,810 | |
* | Alphatec Holdings Inc. | 325,976 | 4,378 |
* | STAAR Surgical Co. | 133,504 | 4,171 |
* | Omnicell Inc. | 155,782 | 4,088 |
*,1 | Establishment Labs Holdings Inc. | 64,977 | 2,968 |
* | Avanos Medical Inc. | 159,613 | 2,964 |
Embecta Corp. | 195,208 | 2,788 | |
* | Artivion Inc. | 125,470 | 2,422 |
* | Varex Imaging Corp. | 139,677 | 2,402 |
* | Silk Road Medical Inc. | 125,574 | 2,259 |
* | SI-BONE Inc. | 124,402 | 2,158 |
* | Treace Medical Concepts Inc. | 157,285 | 2,114 |
* | OraSure Technologies Inc. | 250,353 | 1,801 |
Atrion Corp. | 4,823 | 1,775 | |
* | Nevro Corp. | 111,754 | 1,627 |
* | Paragon 28 Inc. | 127,434 | 1,590 |
* | OrthoPediatrics Corp. | 55,648 | 1,528 |
* | Surmodics Inc. | 47,901 | 1,528 |
* | Zimvie Inc. | 89,989 | 1,525 |
* | Orthofix Medical Inc. | 113,224 | 1,479 |
* | Cerus Corp. | 612,418 | 1,335 |
* | Pulmonx Corp. | 116,364 | 1,073 |
*,1 | Senseonics Holdings Inc. | 1,351,622 | 949 |
Shares | Market Value• ($000) | ||
* | AngioDynamics Inc. | 135,563 | 744 |
*,1 | Butterfly Network Inc. | 518,834 | 617 |
* | Inogen Inc. | 79,185 | 527 |
* | Outset Medical Inc. | 160,057 | 504 |
*,1 | Cutera Inc. | 47,340 | 106 |
4,148,462 | |||
Health Care Providers & Services (20.3%) | |||
UnitedHealth Group Inc. | 3,155,112 | 1,557,363 | |
Elevance Health Inc. | 801,458 | 401,731 | |
Cigna Group | 998,184 | 335,530 | |
CVS Health Corp. | 4,389,802 | 326,470 | |
McKesson Corp. | 453,844 | 236,639 | |
HCA Healthcare Inc. | 684,806 | 213,454 | |
Humana Inc. | 419,931 | 147,110 | |
* | Centene Corp. | 1,822,121 | 142,909 |
Cencora Inc. | 581,868 | 137,088 | |
Cardinal Health Inc. | 840,567 | 94,127 | |
* | Molina Healthcare Inc. | 198,846 | 78,327 |
Laboratory Corp. of America Holdings | 289,534 | 62,490 | |
Quest Diagnostics Inc. | 383,409 | 47,884 | |
Universal Health Services Inc. Class B | 208,090 | 34,763 | |
* | Henry Schein Inc. | 443,152 | 33,888 |
Chemed Corp. | 48,771 | 30,537 | |
* | Tenet Healthcare Corp. | 311,856 | 29,003 |
* | Acadia Healthcare Co. Inc. | 314,378 | 26,235 |
Encompass Health Corp. | 342,086 | 25,451 | |
* | HealthEquity Inc. | 292,651 | 24,176 |
Ensign Group Inc. | 192,526 | 24,050 | |
* | DaVita Inc. | 186,817 | 23,720 |
* | Option Care Health Inc. | 604,287 | 19,500 |
* | Progyny Inc. | 294,227 | 10,745 |
* | Amedisys Inc. | 111,103 | 10,335 |
Select Medical Holdings Corp. | 371,861 | 10,126 | |
Premier Inc. Class A | 407,572 | 8,502 | |
* | R1 RCM Inc. | 573,455 | 8,057 |
* | CorVel Corp. | 32,168 | 7,849 |
Patterson Cos. Inc. | 284,198 | 7,699 | |
* | Guardant Health Inc. | 393,719 | 7,481 |
* | RadNet Inc. | 197,000 | 7,458 |
* | Surgery Partners Inc. | 237,110 | 7,358 |
* | AMN Healthcare Services Inc. | 129,322 | 7,277 |
* | Privia Health Group Inc. | 322,383 | 7,196 |
* | Apollo Medical Holdings Inc. | 159,144 | 7,168 |
* | NeoGenomics Inc. | 433,877 | 6,768 |
* | agilon health Inc. | 1,044,095 | 6,400 |
* | Hims & Hers Health Inc. | 486,313 | 6,342 |
* | Owens & Minor Inc. | 235,081 | 5,719 |
US Physical Therapy Inc. | 50,852 | 5,404 | |
* | Addus HomeCare Corp. | 55,029 | 5,078 |
National HealthCare Corp. | 47,091 | 4,646 | |
* | Brookdale Senior Living Inc. | 608,097 | 3,478 |
* | AdaptHealth Corp. | 256,419 | 2,623 |
* | Pediatrix Medical Group Inc. | 270,045 | 2,471 |
* | Accolade Inc. | 238,087 | 2,440 |
* | Alignment Healthcare Inc. | 358,470 | 2,151 |
* | Cross Country Healthcare Inc. | 112,686 | 2,059 |
* | Pennant Group Inc. | 96,226 | 1,795 |
* | PetIQ Inc. | 94,618 | 1,723 |
Shares | Market Value• ($000) | ||
* | Castle Biosciences Inc. | 86,469 | 1,562 |
* | Fulgent Genetics Inc. | 66,034 | 1,490 |
*,1 | OPKO Health Inc. | 1,448,394 | 1,448 |
* | Agiliti Inc. | 137,182 | 1,354 |
* | Enhabit Inc. | 144,688 | 1,302 |
* | Community Health Systems Inc. | 443,347 | 1,237 |
* | DocGo Inc. | 299,942 | 1,221 |
* | Clover Health Investments Corp. | 1,283,267 | 1,109 |
* | ModivCare Inc. | 38,592 | 1,082 |
* | 23andMe Holding Co. Class A | 935,804 | 533 |
* | Aveanna Healthcare Holdings Inc. | 194,574 | 461 |
* | CareMax Inc. | 6,773 | 52 |
4,231,644 | |||
Health Care Technology (0.9%) | |||
* | Veeva Systems Inc. Class A | 521,686 | 117,645 |
* | Evolent Health Inc. Class A | 352,802 | 11,964 |
* | Doximity Inc. Class A | 372,788 | 10,524 |
* | Teladoc Health Inc. | 564,634 | 8,515 |
* | Certara Inc. | 379,922 | 6,413 |
* | Schrodinger Inc. | 214,771 | 5,468 |
* | Phreesia Inc. | 180,397 | 4,465 |
Simulations Plus Inc. | 53,987 | 2,240 | |
HealthStream Inc. | 81,801 | 2,232 | |
* | GoodRx Holdings Inc. Class A | 267,888 | 2,087 |
* | Definitive Healthcare Corp. | 178,796 | 1,702 |
* | Health Catalyst Inc. | 199,461 | 1,659 |
* | Multiplan Corp. | 883,396 | 989 |
* | Sharecare Inc. | 1,041,706 | 979 |
* | OptimizeRx Corp. | 55,669 | 881 |
* | American Well Corp. Class A | 813,569 | 879 |
178,642 | |||
Life Sciences Tools & Services (11.3%) | |||
Thermo Fisher Scientific Inc. | 1,317,985 | 751,489 | |
Danaher Corp. | 2,394,572 | 606,162 | |
* | IQVIA Holdings Inc. | 622,587 | 153,879 |
Agilent Technologies Inc. | 999,489 | 137,290 | |
* | Mettler-Toledo International Inc. | 73,984 | 92,274 |
West Pharmaceutical Services Inc. | 252,385 | 90,445 | |
* | Illumina Inc. | 541,753 | 75,753 |
* | Waters Corp. | 201,722 | 68,065 |
* | Avantor Inc. | 2,307,347 | 56,853 |
Revvity Inc. | 421,024 | 46,140 | |
* | Charles River Laboratories International Inc. | 175,008 | 44,485 |
Bio-Techne Corp. | 539,644 | 39,702 | |
* | Repligen Corp. | 180,954 | 35,103 |
* | Medpace Holdings Inc. | 83,733 | 33,286 |
Bruker Corp. | 307,009 | 26,569 | |
* | Bio-Rad Laboratories Inc. Class A | 73,875 | 24,074 |
* | 10X Genomics Inc. Class A | 302,199 | 14,095 |
* | Azenta Inc. | 171,121 | 11,148 |
* | Fortrea Holdings Inc. | 288,090 | 10,815 |
* | Sotera Health Co. | 336,333 | 5,048 |
Shares | Market Value• ($000) | ||
* | Pacific Biosciences of California Inc. | 822,184 | 4,547 |
* | Maravai LifeSciences Holdings Inc. Class A | 381,769 | 2,951 |
* | CryoPort Inc. | 166,357 | 2,939 |
* | Quanterix Corp. | 121,626 | 2,914 |
* | Cytek Biosciences Inc. | 370,477 | 2,853 |
* | BioLife Solutions Inc. | 123,231 | 2,083 |
Mesa Laboratories Inc. | 18,324 | 2,001 | |
* | OmniAb Inc. | 294,392 | 1,719 |
* | Standard Bio Tools Inc. | 741,414 | 1,668 |
* | Adaptive Biotechnologies Corp. | 347,332 | 1,428 |
* | MaxCyte Inc. | 298,258 | 1,372 |
* | Codexis Inc. | 238,258 | 1,108 |
* | Quantum-Si Inc. | 345,141 | 576 |
* | Akoya Biosciences Inc. | 83,780 | 481 |
* | Nautilus Biotechnology Inc. | 126,929 | 341 |
* | Seer Inc. | 152,839 | 278 |
*,1 | Bionano Genomics Inc. | 118,441 | 148 |
*,2 | OmniAb Inc. 12.5 Earnout | 22,076 | — |
*,2 | OmniAb Inc. 15 Earnout | 22,076 | — |
2,352,082 | |||
Other (0.0%)3 | |||
*,2 | Chinook Therapeutics Inc. CVR | 784 | — |
Pharmaceuticals (28.9%) | |||
Eli Lilly & Co. | 2,752,568 | 2,074,556 | |
Johnson & Johnson | 8,211,588 | 1,325,186 | |
Merck & Co. Inc. | 8,643,923 | 1,099,075 | |
Pfizer Inc. | 19,261,020 | 511,573 | |
Bristol-Myers Squibb Co. | 6,940,940 | 352,253 | |
Zoetis Inc. | 1,566,138 | 310,612 | |
Viatris Inc. | 4,091,968 | 50,618 | |
Royalty Pharma plc Class A | 1,295,162 | 39,295 | |
* | Catalent Inc. | 616,254 | 35,336 |
* | Elanco Animal Health Inc. (XNYS) | 1,681,679 | 26,722 |
* | Jazz Pharmaceuticals plc | 203,981 | 24,253 |
* | Intra-Cellular Therapies Inc. | 295,502 | 20,543 |
Organon & Co. | 871,362 | 15,170 | |
Perrigo Co. plc | 461,624 | 12,122 | |
* | Prestige Consumer Healthcare Inc. | 169,212 | 11,774 |
* | Cymabay Therapeutics Inc. | 290,065 | 9,337 |
* | Arvinas Inc. | 197,150 | 9,065 |
* | Axsome Therapeutics Inc. | 104,929 | 8,539 |
* | Corcept Therapeutics Inc. | 298,823 | 7,022 |
* | Amphastar Pharmaceuticals Inc. | 130,747 | 6,089 |
* | Supernus Pharmaceuticals Inc. | 186,948 | 5,552 |
* | Pacira BioSciences Inc. | 157,800 | 4,690 |
* | Ligand Pharmaceuticals Inc. | 56,601 | 4,491 |
*,1 | Tilray Brands Inc. | 2,577,537 | 4,459 |
* | Collegium Pharmaceutical Inc. | 111,215 | 4,083 |
* | ANI Pharmaceuticals Inc. | 55,720 | 3,771 |
Shares | Market Value• ($000) | ||
* | Harmony Biosciences Holdings Inc. | 109,994 | 3,531 |
*,1 | Cassava Sciences Inc. | 137,702 | 3,164 |
* | Innoviva Inc. | 195,110 | 2,981 |
* | Amylyx Pharmaceuticals Inc. | 149,778 | 2,823 |
* | Tarsus Pharmaceuticals Inc. | 73,402 | 2,806 |
* | Evolus Inc. | 165,828 | 2,459 |
* | Pliant Therapeutics Inc. | 152,490 | 2,420 |
* | Amneal Pharmaceuticals Inc. | 418,556 | 2,311 |
* | Liquidia Corp. | 154,202 | 2,184 |
* | Revance Therapeutics Inc. | 270,559 | 1,932 |
* | Theravance Biopharma Inc. | 127,249 | 1,205 |
* | Harrow Inc. | 102,000 | 1,104 |
* | Ventyx Biosciences Inc. | 151,030 | 1,069 |
* | Phathom Pharmaceuticals Inc. | 97,060 | 1,039 |
* | Atea Pharmaceuticals Inc. | 214,153 | 923 |
Phibro Animal Health Corp. Class A | 68,831 | 890 | |
*,1 | ATAI Life Sciences NV | 414,592 | 804 |
*,1 | Enliven Therapeutics Inc. | 49,475 | 790 |
* | Terns Pharmaceuticals Inc. | 105,666 | 774 |
SIGA Technologies Inc. | 144,851 | 755 | |
* | Nuvation Bio Inc. | 376,098 | 703 |
* | Nektar Therapeutics | 643,559 | 457 |
*,4 | Scilex Holding Co. (Acquired 1/6/23, Cost $2,304) | 219,844 | 449 |
* | NGM Biopharmaceuticals Inc. | 153,478 | 233 |
* | Aclaris Therapeutics Inc. | 170,913 | 203 |
* | Cara Therapeutics Inc. | 167,355 | 142 |
6,014,337 | |||
Total Common Stocks (Cost $16,397,339) | 20,806,423 | ||
Warrants (0.0%) | |||
* | Geron Corp. Exp. 12/31/25 | 152,449 | 53 |
* | Advaxis Inc. Exp. 9/11/24 | 7,710 | — |
* | Cassava Sciences Inc. Exp. 11/15/24 | 1 | — |
Total Warrants (Cost $—) | 53 |
Shares | Market Value• ($000) | ||
Temporary Cash Investments (0.2%) | |||
Money Market Fund (0.2%) | |||
5,6 | Vanguard Market Liquidity Fund, 5.400% (Cost $46,715) | 467,302 | 46,726 |
Total Investments (100.1%) (Cost $16,444,054) | 20,853,202 | ||
Other Assets and Liabilities—Net (-0.1%) | (24,467) | ||
Net Assets (100.0%) | 20,828,735 | ||
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 $42,041,000. |
2 | Security value determined using significant unobservable inputs. |
3 | “Other” represents securities that are not classified by the fund’s benchmark index. |
4 | Restricted securities totaling $449,000, representing 0.0% of net assets. |
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 $46,665,000 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. | 8/30/24 | BANA | 3,777 | (5.326) | — | (18) |
Globus Medical Inc. | 8/30/24 | BANA | 5,399 | (5.322) | — | (17) |
Sarepta Therapeutics Inc. | 8/30/24 | BANA | 8,314 | (5.322) | — | (27) |
— | (62) |
1 | Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/paid monthly. |
BANA—Bank of America, N.A. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $16,397,339) | 20,806,476 |
Affiliated Issuers (Cost $46,715) | 46,726 |
Total Investments in Securities | 20,853,202 |
Investment in Vanguard | 630 |
Receivables for Investment Securities Sold | 50,991 |
Receivables for Accrued Income | 28,261 |
Receivables for Capital Shares Issued | 2,960 |
Total Assets | 20,936,044 |
Liabilities | |
Due to Custodian | 5,908 |
Payables for Investment Securities Purchased | 51,480 |
Collateral for Securities on Loan | 46,665 |
Payables for Capital Shares Redeemed | 2,392 |
Payables to Vanguard | 802 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 62 |
Total Liabilities | 107,309 |
Net Assets | 20,828,735 |
1 Includes $42,041,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 16,563,906 |
Total Distributable Earnings (Loss) | 4,264,829 |
Net Assets | 20,828,735 |
ETF Shares—Net Assets | |
Applicable to 67,277,329 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 17,875,593 |
Net Asset Value Per Share—ETF Shares | $265.70 |
Admiral Shares—Net Assets | |
Applicable to 22,219,114 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,953,142 |
Net Asset Value Per Share—Admiral Shares | $132.91 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends | 148,597 |
Interest1 | 276 |
Securities Lending—Net | 1,048 |
Total Income | 149,921 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 215 |
Management and Administrative— ETF Shares | 7,443 |
Management and Administrative— Admiral Shares | 1,275 |
Marketing and Distribution— ETF Shares | 325 |
Marketing and Distribution— Admiral Shares | 62 |
Custodian Fees | 82 |
Shareholders’ Reports—ETF Shares | 244 |
Shareholders’ Reports—Admiral Shares | 15 |
Trustees’ Fees and Expenses | 7 |
Other Expenses | 9 |
Total Expenses | 9,677 |
Expenses Paid Indirectly | (53) |
Net Expenses | 9,624 |
Net Investment Income | 140,297 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 489,279 |
Swap Contracts | (3,045) |
Realized Net Gain (Loss) | 486,234 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 1,130,997 |
Swap Contracts | 35 |
Change in Unrealized Appreciation (Depreciation) | 1,131,032 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,757,563 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $276,000, $5,000, and $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $606,367,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 140,297 | 278,315 | |
Realized Net Gain (Loss) | 486,234 | 728,727 | |
Change in Unrealized Appreciation (Depreciation) | 1,131,032 | 315,166 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,757,563 | 1,322,208 | |
Distributions | |||
ETF Shares | (120,001) | (238,117) | |
Admiral Shares | (20,259) | (40,777) | |
Total Distributions | (140,260) | (278,894) | |
Capital Share Transactions | |||
ETF Shares | (481,477) | 255,391 | |
Admiral Shares | (120,062) | (58,051) | |
Net Increase (Decrease) from Capital Share Transactions | (601,539) | 197,340 | |
Total Increase (Decrease) | 1,015,764 | 1,240,654 | |
Net Assets | |||
Beginning of Period | 19,812,971 | 18,572,317 | |
End of Period | 20,828,735 | 19,812,971 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $244.43 | $231.59 | $262.41 | $207.65 | $169.74 | $177.07 |
Investment Operations | ||||||
Net Investment Income1 | 1.777 | 3.418 | 3.157 | 2.893 | 2.702 | 3.6002 |
Net Realized and Unrealized Gain (Loss) on Investments | 21.265 | 12.859 | (30.771) | 54.714 | 37.758 | (7.457) |
Total from Investment Operations | 23.042 | 16.277 | (27.614) | 57.607 | 40.460 | (3.857) |
Distributions | ||||||
Dividends from Net Investment Income | (1.772) | (3.437) | (3.206) | (2.846) | (2.550) | (3.473) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.772) | (3.437) | (3.206) | (2.846) | (2.550) | (3.473) |
Net Asset Value, End of Period | $265.70 | $244.43 | $231.59 | $262.41 | $207.65 | $169.74 |
Total Return | 9.50% | 7.07% | -10.60% | 27.99% | 24.05% | -2.22% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $17,876 | $16,976 | $15,829 | $16,894 | $11,724 | $8,899 |
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 | 1.46% | 1.41% | 1.27% | 1.25% | 1.45% | 2.12%2 |
Portfolio Turnover Rate4 | 2% | 4% | 3% | 5% | 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 | 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 and 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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $122.27 | $115.84 | $131.26 | $103.87 | $84.91 | $88.57 |
Investment Operations | ||||||
Net Investment Income1 | .889 | 1.711 | 1.583 | 1.450 | 1.351 | 1.8042 |
Net Realized and Unrealized Gain (Loss) on Investments | 10.638 | 6.438 | (15.400) | 27.365 | 18.884 | (3.727) |
Total from Investment Operations | 11.527 | 8.149 | (13.817) | 28.815 | 20.235 | (1.923) |
Distributions | ||||||
Dividends from Net Investment Income | (.887) | (1.719) | (1.603) | (1.425) | (1.275) | (1.737) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.887) | (1.719) | (1.603) | (1.425) | (1.275) | (1.737) |
Net Asset Value, End of Period | $132.91 | $122.27 | $115.84 | $131.26 | $103.87 | $84.91 |
Total Return3 | 9.50% | 7.08% | -10.59% | 28.01% | 24.06% | -2.21% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,953 | $2,837 | $2,744 | $2,972 | $1,676 | $1,316 |
Ratio of Total Expenses to Average Net Assets | 0.10%4 | 0.10%4 | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 1.46% | 1.41% | 1.28% | 1.25% | 1.45% | 2.12%2 |
Portfolio Turnover Rate5 | 2% | 4% | 3% | 5% | 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 | 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 and 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 29, 2024, custodian fee offset arrangements reduced the fund’s expenses by $53,000 (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 | 20,805,473 | 449 | 501 | 20,806,423 |
Warrants | — | 53 | — | 53 |
Temporary Cash Investments | 46,726 | — | — | 46,726 |
Total | 20,852,199 | 502 | 501 | 20,853,202 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Swap Contracts | — | 62 | — | 62 |
E. | As of February 29, 2024, 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 | 16,502,617 |
Gross Unrealized Appreciation | 6,016,277 |
Gross Unrealized Depreciation | (1,665,692) |
Net Unrealized Appreciation (Depreciation) | 4,350,585 |
F. | During the six months ended February 29, 2024, the fund purchased $407,029,000 of investment securities and sold $406,619,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $692,166,000 and $1,293,049,000, 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 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 817,689 | 3,278 | 1,883,291 | 7,825 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (1,299,166) | (5,450) | (1,627,900) | (6,725) | |
Net Increase (Decrease)—ETF Shares | (481,477) | (2,172) | 255,391 | 1,100 | |
Admiral Shares | |||||
Issued | 188,005 | 1,512 | 391,651 | 3,228 | |
Issued in Lieu of Cash Distributions | 17,140 | 142 | 34,825 | 293 | |
Redeemed | (325,207) | (2,640) | (484,527) | (4,001) | |
Net Increase (Decrease)—Admiral Shares | (120,062) | (986) | (58,051) | (480) |
H. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
I. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
Aerospace & Defense | 14.9% |
Air Freight & Logistics | 4.1 |
Building Products | 7.3 |
Commercial Services & Supplies | 7.7 |
Construction & Engineering | 2.7 |
Electrical Equipment | 7.7 |
Ground Transportation | 11.6 |
Industrial Conglomerates | 7.1 |
Machinery | 20.0 |
Marine Transportation | 0.2 |
Passenger Airlines | 1.8 |
Professional Services | 9.4 |
Trading Companies & Distributors | 5.5 |
Shares | Market Value• ($000) | ||
Common Stocks (99.9%) | |||
Aerospace & Defense (14.9%) | |||
RTX Corp. | 1,546,353 | 138,661 | |
* | Boeing Co. | 618,160 | 125,931 |
Lockheed Martin Corp. | 240,086 | 102,814 | |
Northrop Grumman Corp. | 154,084 | 71,036 | |
TransDigm Group Inc. | 59,508 | 70,085 | |
General Dynamics Corp. | 249,471 | 68,168 | |
L3Harris Technologies Inc. | 204,137 | 43,208 | |
Howmet Aerospace Inc. | 420,441 | 27,980 | |
* | Axon Enterprise Inc. | 76,481 | 23,508 |
Textron Inc. | 210,589 | 18,757 | |
Huntington Ingalls Industries Inc. | 42,698 | 12,452 | |
HEICO Corp. Class A | 79,502 | 12,370 | |
BWX Technologies Inc. | 98,309 | 9,912 | |
Curtiss-Wright Corp. | 41,100 | 9,711 | |
HEICO Corp. | 48,046 | 9,292 | |
Woodward Inc. | 64,522 | 9,129 | |
Hexcel Corp. | 90,224 | 6,718 | |
Moog Inc. Class A | 31,343 | 4,700 | |
* | AeroVironment Inc. | 30,223 | 3,832 |
* | Spirit AeroSystems Holdings Inc. Class A | 124,357 | 3,557 |
* | Kratos Defense & Security Solutions Inc. | 156,404 | 2,853 |
* | AAR Corp. | 38,140 | 2,547 |
* | Leonardo DRS Inc. | 84,456 | 1,918 |
* | Mercury Systems Inc. | 57,505 | 1,718 |
*,1 | Rocket Lab USA Inc. | 285,181 | 1,307 |
Kaman Corp. | 27,135 | 1,243 | |
* | Triumph Group Inc. | 82,228 | 1,143 |
*,1 | Archer Aviation Inc. Class A | 205,581 | 993 |
Cadre Holdings Inc. | 24,205 | 870 | |
* | Virgin Galactic Holdings Inc. | 408,121 | 710 |
* | Ducommun Inc. | 14,243 | 680 |
* | V2X Inc. | 13,639 | 525 |
National Presto Industries Inc. | 5,631 | 435 | |
* | Aersale Corp. | 31,299 | 277 |
789,040 | |||
Air Freight & Logistics (4.1%) | |||
United Parcel Service Inc. Class B (XNYS) | 778,091 | 115,360 | |
FedEx Corp. | 255,414 | 63,590 | |
Expeditors International of Washington Inc. | 156,221 | 18,684 | |
CH Robinson Worldwide Inc. | 125,344 | 9,286 | |
* | GXO Logistics Inc. | 127,697 | 6,610 |
* | Hub Group Inc. Class A | 66,834 | 2,842 |
Forward Air Corp. | 27,537 | 1,022 | |
* | Air Transport Services Group Inc. | 56,139 | 678 |
218,072 |
Shares | Market Value• ($000) | ||
Building Products (7.3%) | |||
Trane Technologies plc | 244,826 | 69,034 | |
Carrier Global Corp. | 870,280 | 48,370 | |
Johnson Controls International plc | 732,728 | 43,429 | |
* | Builders FirstSource Inc. | 132,538 | 25,869 |
Masco Corp. | 241,234 | 18,517 | |
Carlisle Cos. Inc. | 52,309 | 18,308 | |
Lennox International Inc. | 34,512 | 16,262 | |
Owens Corning | 95,500 | 14,304 | |
Advanced Drainage Systems Inc. | 75,338 | 12,298 | |
Allegion plc | 94,328 | 12,062 | |
Fortune Brands Innovations Inc. | 135,498 | 11,021 | |
A O Smith Corp. | 131,966 | 10,940 | |
* | Trex Co. Inc. | 116,681 | 10,707 |
Simpson Manufacturing Co. Inc. | 45,862 | 9,570 | |
UFP Industries Inc. | 66,370 | 7,608 | |
* | AZEK Co. Inc. | 142,839 | 6,872 |
AAON Inc. | 74,229 | 6,234 | |
Armstrong World Industries Inc. | 47,476 | 5,726 | |
Zurn Elkay Water Solutions Corp. | 157,810 | 5,010 | |
CSW Industrials Inc. | 16,656 | 3,837 | |
* | Resideo Technologies Inc. | 156,951 | 3,505 |
Griffon Corp. | 42,046 | 3,002 | |
* | Masonite International Corp. | 22,295 | 2,904 |
* | PGT Innovations Inc. | 61,290 | 2,560 |
* | Gibraltar Industries Inc. | 32,833 | 2,543 |
* | Hayward Holdings Inc. | 160,706 | 2,377 |
* | Masterbrand Inc. | 135,584 | 2,347 |
* | Janus International Group Inc. | 149,804 | 2,150 |
AZZ Inc. | 27,005 | 1,966 | |
* | American Woodmark Corp. | 17,223 | 1,726 |
* | JELD-WEN Holding Inc. | 91,187 | 1,660 |
Apogee Enterprises Inc. | 23,798 | 1,362 | |
Quanex Building Products Corp. | 35,601 | 1,231 | |
Insteel Industries Inc. | 20,826 | 758 | |
386,069 | |||
Commercial Services & Supplies (7.6%) | |||
Waste Management Inc. | 433,004 | 89,047 | |
Cintas Corp. | 98,124 | 61,682 | |
* | Copart Inc. | 930,154 | 49,438 |
Waste Connections Inc. (XTSE) | 277,172 | 46,132 | |
Republic Services Inc. | 236,909 | 43,496 | |
Veralto Corp. | 251,413 | 21,727 | |
Rollins Inc. | 312,272 | 13,762 | |
Tetra Tech Inc. | 57,224 | 10,147 | |
* | Clean Harbors Inc. | 55,239 | 10,059 |
MSA Safety Inc. | 40,139 | 7,392 | |
* | Casella Waste Systems Inc. Class A | 61,186 | 5,513 |
Shares | Market Value• ($000) | ||
* | Stericycle Inc. | 99,444 | 5,409 |
Brink's Co. | 48,420 | 4,011 | |
Brady Corp. Class A | 48,120 | 2,804 | |
ABM Industries Inc. | 67,579 | 2,792 | |
UniFirst Corp. | 16,303 | 2,751 | |
* | ACV Auctions Inc. Class A | 146,081 | 2,593 |
Vestis Corp. | 134,201 | 2,518 | |
MillerKnoll Inc. | 78,065 | 2,385 | |
HNI Corp. | 49,990 | 2,240 | |
* | CoreCivic Inc. | 121,249 | 1,847 |
* | Cimpress plc | 18,574 | 1,820 |
* | OPENLANE Inc. | 116,100 | 1,773 |
* | GEO Group Inc. | 134,731 | 1,653 |
* | Montrose Environmental Group Inc. | 31,106 | 1,287 |
Steelcase Inc. Class A | 90,344 | 1,241 | |
VSE Corp. | 14,494 | 1,074 | |
* | SP Plus Corp. | 20,218 | 1,039 |
* | Healthcare Services Group Inc. | 79,780 | 1,018 |
Interface Inc. | 61,800 | 971 | |
* | Driven Brands Holdings Inc. | 69,972 | 965 |
Matthews International Corp. Class A | 31,568 | 914 | |
Deluxe Corp. | 46,417 | 901 | |
* | Viad Corp. | 22,171 | 825 |
Pitney Bowes Inc. | 171,631 | 692 | |
* | Enviri Corp. | 85,300 | 670 |
ACCO Brands Corp. | 102,014 | 569 | |
* | Liquidity Services Inc. | 24,352 | 437 |
* | BrightView Holdings Inc. | 45,253 | 394 |
405,988 | |||
Construction & Engineering (2.7%) | |||
Quanta Services Inc. | 156,564 | 37,812 | |
EMCOR Group Inc. | 50,562 | 15,852 | |
AECOM | 146,091 | 12,977 | |
Comfort Systems USA Inc. | 38,412 | 11,744 | |
* | WillScot Mobile Mini Holdings Corp. | 205,920 | 9,833 |
* | API Group Corp. | 196,449 | 6,886 |
* | Fluor Corp. | 182,994 | 6,734 |
* | MasTec Inc. | 67,785 | 5,115 |
Valmont Industries Inc. | 22,448 | 4,757 | |
MDU Resources Group Inc. | 207,999 | 4,509 | |
Arcosa Inc. | 52,351 | 4,345 | |
* | Dycom Industries Inc. | 31,453 | 3,978 |
* | Sterling Infrastructure Inc. | 33,148 | 3,535 |
* | MYR Group Inc. | 17,953 | 2,917 |
Granite Construction Inc. | 46,954 | 2,420 | |
Primoris Services Corp. | 57,305 | 2,264 | |
* | Construction Partners Inc. Class A | 46,934 | 2,257 |
* | IES Holdings Inc. | 8,701 | 956 |
* | Ameresco Inc. Class A | 35,200 | 738 |
Argan Inc. | 13,592 | 637 | |
* | Great Lakes Dredge & Dock Corp. | 71,184 | 636 |
Shares | Market Value• ($000) | ||
* | Tutor Perini Corp. | 46,774 | 530 |
141,432 | |||
Electrical Equipment (7.7%) | |||
Eaton Corp. plc | 429,452 | 124,112 | |
Emerson Electric Co. | 613,253 | 65,526 | |
AMETEK Inc. | 248,272 | 44,734 | |
Rockwell Automation Inc. | 123,423 | 35,185 | |
Vertiv Holdings Co. Class A | 390,096 | 26,378 | |
Hubbell Inc. | 57,616 | 21,933 | |
Regal Rexnord Corp. | 71,291 | 12,226 | |
nVent Electric plc | 178,278 | 12,002 | |
Acuity Brands Inc. | 33,112 | 8,319 | |
* | NEXTracker Inc. Class A | 133,060 | 7,483 |
* | Generac Holdings Inc. | 66,015 | 7,427 |
Atkore Inc. | 39,926 | 6,763 | |
Sensata Technologies Holding plc | 162,719 | 5,601 | |
Encore Wire Corp. | 16,958 | 4,087 | |
EnerSys | 43,412 | 3,989 | |
* | Sunrun Inc. | 233,343 | 2,809 |
* | Shoals Technologies Group Inc. Class A | 183,097 | 2,349 |
* | Array Technologies Inc. | 162,946 | 2,223 |
*,1 | Plug Power Inc. | 585,817 | 2,068 |
Powell Industries Inc. | 10,326 | 1,913 | |
*,1 | Bloom Energy Corp. Class A | 216,211 | 1,896 |
*,1 | Enovix Corp. | 153,258 | 1,494 |
* | Fluence Energy Inc. | 67,540 | 1,033 |
* | Thermon Group Holdings Inc. | 35,987 | 982 |
* | Vicor Corp. | 24,656 | 918 |
*,1 | ChargePoint Holdings Inc. | 404,378 | 837 |
* | FuelCell Energy Inc. | 483,219 | 575 |
*,1 | Stem Inc. | 157,559 | 422 |
Preformed Line Products Co. | 2,933 | 403 | |
GrafTech International Ltd. | 220,126 | 387 | |
*,1 | SunPower Corp. | 93,794 | 292 |
*,1 | Blink Charging Co. | 61,783 | 197 |
*,1 | Freyr Battery Inc. | 127,305 | 196 |
* | SES AI Corp. | 100,086 | 177 |
*,1 | NuScale Power Corp. | 49,543 | 154 |
* | Net Power Inc. | 14,784 | 121 |
* | Energy Vault Holdings Inc. | 65,288 | 110 |
* | TPI Composites Inc. | 37,253 | 104 |
*,1 | ESS Tech Inc. | 59,220 | 51 |
407,476 | |||
Ground Transportation (11.6%) | |||
Union Pacific Corp. | 655,443 | 166,279 | |
* | Uber Technologies Inc. | 1,991,998 | 158,364 |
CSX Corp. | 2,125,105 | 80,626 | |
Norfolk Southern Corp. | 243,354 | 61,661 | |
Old Dominion Freight Line Inc. | 105,715 | 46,777 | |
JB Hunt Transport Services Inc. | 88,672 | 18,294 | |
* | Saia Inc. | 28,523 | 16,412 |
* | XPO Inc. | 124,607 | 14,993 |
Knight-Swift Transportation Holdings Inc. | 173,436 | 9,771 | |
Landstar System Inc. | 38,612 | 7,344 | |
U-Haul Holding Co. | 104,325 | 6,632 | |
* | Lyft Inc. Class A | 371,698 | 5,903 |
Ryder System Inc. | 47,614 | 5,433 | |
ArcBest Corp. | 25,425 | 3,632 | |
* | RXO Inc. | 125,331 | 2,697 |
Shares | Market Value• ($000) | ||
Werner Enterprises Inc. | 64,513 | 2,590 | |
Avis Budget Group Inc. | 19,472 | 2,104 | |
Schneider National Inc. Class B | 60,124 | 1,416 | |
Marten Transport Ltd. | 65,957 | 1,243 | |
* | Hertz Global Holdings Inc. | 132,410 | 1,039 |
Heartland Express Inc. | 50,937 | 651 | |
* | Daseke Inc. | 43,897 | 362 |
Universal Logistics Holdings Inc. | 8,712 | 295 | |
* | PAM Transportation Services Inc. | 7,133 | 132 |
614,650 | |||
Industrial Conglomerates (7.1%) | |||
General Electric Co. | 1,170,598 | 183,655 | |
Honeywell International Inc. | 709,101 | 140,920 | |
3M Co. | 594,692 | 54,783 | |
379,358 | |||
Machinery (20.0%) | |||
Caterpillar Inc. | 547,538 | 182,856 | |
Deere & Co. | 286,095 | 104,439 | |
Illinois Tool Works Inc. | 301,473 | 79,031 | |
Parker-Hannifin Corp. | 138,240 | 74,021 | |
PACCAR Inc. | 562,524 | 62,378 | |
Otis Worldwide Corp. | 440,347 | 41,965 | |
1 | Cummins Inc. | 152,578 | 40,984 |
Ingersoll Rand Inc. (XYNS) | 435,975 | 39,818 | |
Xylem Inc. | 259,525 | 32,973 | |
Fortive Corp. | 378,258 | 32,201 | |
Westinghouse Air Brake Technologies Corp. | 192,879 | 27,252 | |
Dover Corp. | 150,278 | 24,853 | |
IDEX Corp. | 81,538 | 19,235 | |
Graco Inc. | 181,400 | 16,555 | |
Lincoln Electric Holdings Inc. | 61,445 | 15,767 | |
Snap-on Inc. | 56,738 | 15,640 | |
Nordson Corp. | 58,516 | 15,545 | |
Stanley Black & Decker Inc. | 164,720 | 14,708 | |
Pentair plc | 177,587 | 13,814 | |
CNH Industrial NV | 1,075,255 | 12,849 | |
ITT Inc. | 88,163 | 11,121 | |
Toro Co. | 111,592 | 10,301 | |
Donaldson Co. Inc. | 128,960 | 9,236 | |
* | Middleby Corp. | 57,583 | 8,762 |
* | RBC Bearings Inc. | 31,257 | 8,528 |
Oshkosh Corp. | 70,269 | 7,790 | |
AGCO Corp. | 68,377 | 7,501 | |
Allison Transmission Holdings Inc. | 96,171 | 7,245 | |
* | Chart Industries Inc. | 45,866 | 6,552 |
Crane Co. | 51,910 | 6,310 | |
Esab Corp. | 61,502 | 6,096 | |
Watts Water Technologies Inc. Class A | 29,444 | 6,005 | |
Mueller Industries Inc. | 116,079 | 5,964 | |
Flowserve Corp. | 140,913 | 5,963 | |
* | SPX Technologies Inc. | 49,115 | 5,756 |
Timken Co. | 68,206 | 5,729 | |
Federal Signal Corp. | 65,557 | 5,370 | |
Franklin Electric Co. Inc. | 42,222 | 4,389 | |
Kadant Inc. | 12,613 | 4,254 | |
Terex Corp. | 72,446 | 4,155 | |
Hillenbrand Inc. | 75,565 | 3,593 | |
John Bean Technologies Corp. | 34,290 | 3,480 |
Shares | Market Value• ($000) | ||
Enpro Inc. | 21,416 | 3,337 | |
Albany International Corp. Class A | 33,398 | 3,135 | |
ESCO Technologies Inc. | 27,696 | 2,822 | |
* | Gates Industrial Corp. plc | 184,283 | 2,713 |
Mueller Water Products Inc. Class A | 167,521 | 2,605 | |
Alamo Group Inc. | 11,607 | 2,348 | |
Standex International Corp. | 12,804 | 2,215 | |
Tennant Co. | 19,149 | 2,167 | |
Trinity Industries Inc. | 83,543 | 2,120 | |
Kennametal Inc. | 81,044 | 2,046 | |
* | Hillman Solutions Corp. | 209,464 | 2,040 |
Enerpac Tool Group Corp. | 58,108 | 1,959 | |
Barnes Group Inc. | 51,843 | 1,811 | |
Greenbrier Cos. Inc. | 33,350 | 1,726 | |
Helios Technologies Inc. | 35,377 | 1,562 | |
Lindsay Corp. | 11,820 | 1,410 | |
Wabash National Corp. | 49,120 | 1,340 | |
Columbus McKinnon Corp. | 30,624 | 1,279 | |
* | Blue Bird Corp. | 34,535 | 1,169 |
* | Proto Labs Inc. | 27,485 | 1,001 |
* | Energy Recovery Inc. | 60,895 | 952 |
Astec Industries Inc. | 23,184 | 941 | |
REV Group Inc. | 44,153 | 911 | |
Gorman-Rupp Co. | 23,894 | 892 | |
*,1 | Nikola Corp. | 1,181,581 | 879 |
* | Titan International Inc. | 57,080 | 728 |
*,1 | Symbotic Inc. | 17,988 | 709 |
Douglas Dynamics Inc. | 24,607 | 618 | |
* | 3D Systems Corp. | 144,868 | 600 |
* | Manitowoc Co. Inc. | 37,732 | 526 |
Hyster-Yale Materials Handling Inc. | 8,833 | 520 | |
Shyft Group Inc. | 35,501 | 366 | |
Luxfer Holdings plc | 28,934 | 287 | |
* | Hyliion Holdings Corp. | 150,116 | 273 |
*,1 | Desktop Metal Inc. Class A | 244,678 | 150 |
*,1 | Microvast Holdings Inc. | 130,705 | 112 |
* | Hyzon Motors Inc. | 147,342 | 93 |
* | Markforged Holding Corp. | 123,948 | 83 |
*,1 | Velo3D Inc. | 200,792 | 55 |
1,061,484 | |||
Marine Transportation (0.2%) | |||
* | Kirby Corp. | 63,516 | 5,572 |
Matson Inc. | 37,551 | 4,170 | |
Genco Shipping & Trading Ltd. | 43,520 | 888 | |
Eagle Bulk Shipping Inc. | 7,312 | 448 | |
11,078 | |||
Passenger Airlines (1.8%) | |||
Delta Air Lines Inc. | 693,630 | 29,320 | |
Southwest Airlines Co. | 640,332 | 21,944 | |
* | United Airlines Holdings Inc. | 352,358 | 16,029 |
* | American Airlines Group Inc. | 702,061 | 11,008 |
* | Alaska Air Group Inc. | 137,484 | 5,141 |
* | SkyWest Inc. | 43,963 | 2,823 |
* | JetBlue Airways Corp. | 359,643 | 2,330 |
*,1 | Joby Aviation Inc. | 374,339 | 2,104 |
Allegiant Travel Co. | 16,917 | 1,231 | |
* | Hawaiian Holdings Inc. | 55,431 | 782 |
1 | Spirit Airlines Inc. | 117,805 | 760 |
* | Sun Country Airlines Holdings Inc. | 47,210 | 708 |
Shares | Market Value• ($000) | ||
* | Frontier Group Holdings Inc. | 47,117 | 327 |
* | Blade Air Mobility Inc. | 52,162 | 166 |
* | Wheels Up Experience Inc. | 7 | — |
94,673 | |||
Professional Services (9.4%) | |||
Automatic Data Processing Inc. | 442,258 | 111,064 | |
Paychex Inc. | 348,559 | 42,740 | |
Verisk Analytics Inc. | 155,992 | 37,735 | |
Equifax Inc. | 132,790 | 36,330 | |
Broadridge Financial Solutions Inc. | 126,402 | 25,733 | |
Booz Allen Hamilton Holding Corp. | 140,086 | 20,692 | |
Jacobs Solutions Inc. | 135,714 | 19,903 | |
Leidos Holdings Inc. | 140,444 | 17,957 | |
TransUnion | 208,124 | 16,157 | |
SS&C Technologies Holdings Inc. | 239,458 | 15,268 | |
* | Ceridian HCM Holding Inc. | 159,378 | 11,118 |
Paycom Software Inc. | 58,239 | 10,622 | |
Robert Half Inc. | 113,787 | 9,149 | |
* | CACI International Inc. Class A | 23,933 | 8,971 |
KBR Inc. | 145,145 | 8,713 | |
* | Paylocity Holding Corp. | 48,287 | 8,142 |
* | FTI Consulting Inc. | 38,144 | 7,891 |
Science Applications International Corp. | 55,938 | 7,829 | |
* | ExlService Holdings Inc. | 177,187 | 5,514 |
Maximus Inc. | 65,537 | 5,483 | |
* | ASGN Inc. | 50,713 | 5,037 |
* | TriNet Group Inc. | 35,232 | 4,510 |
Exponent Inc. | 54,250 | 4,388 | |
Insperity Inc. | 38,055 | 3,874 | |
ManpowerGroup Inc. | 52,445 | 3,785 | |
* | Verra Mobility Corp. | 169,746 | 3,670 |
* | CBIZ Inc. | 48,116 | 3,634 |
* | Parsons Corp. | 44,965 | 3,625 |
Korn Ferry | 56,452 | 3,594 | |
* | Alight Inc. Class A | 388,277 | 3,498 |
Concentrix Corp. | 46,478 | 3,367 | |
ICF International Inc. | 20,280 | 3,140 | |
Dun & Bradstreet Holdings Inc. | 282,968 | 2,983 | |
*,1 | Clarivate plc | 321,053 | 2,305 |
Shares | Market Value• ($000) | ||
* | Huron Consulting Group Inc. | 20,139 | 1,976 |
CSG Systems International Inc. | 31,892 | 1,740 | |
* | Upwork Inc. | 131,986 | 1,729 |
* | Legalzoom.com Inc. | 131,203 | 1,627 |
* | Paycor HCM Inc. | 76,283 | 1,611 |
* | NV5 Global Inc. | 15,361 | 1,562 |
Kforce Inc. | 20,161 | 1,404 | |
CRA International Inc. | 7,604 | 1,008 | |
Barrett Business Services Inc. | 7,102 | 866 | |
First Advantage Corp. | 55,297 | 866 | |
Kelly Services Inc. Class A | 33,808 | 829 | |
Heidrick & Struggles International Inc. | 21,503 | 731 | |
* | Conduent Inc. | 175,986 | 605 |
* | Sterling Check Corp. | 30,910 | 484 |
Resources Connection Inc. | 34,264 | 474 | |
* | Planet Labs PBC | 214,882 | 471 |
* | Franklin Covey Co. | 12,052 | 460 |
* | TrueBlue Inc. | 32,529 | 382 |
TTEC Holdings Inc. | 20,286 | 354 | |
* | TaskUS Inc. Class A | 19,678 | 262 |
* | Forrester Research Inc. | 12,388 | 250 |
* | Hireright Holdings Corp. | 10,220 | 145 |
* | Skillsoft Corp. | 4,628 | 57 |
498,314 | |||
Trading Companies & Distributors (5.5%) | |||
United Rentals Inc. | 72,973 | 50,590 | |
WW Grainger Inc. | 48,061 | 46,785 | |
Ferguson plc | 219,039 | 46,316 | |
Fastenal Co. | 614,622 | 44,874 | |
Watsco Inc. | 36,387 | 14,341 | |
* | Core & Main Inc. Class A | 205,933 | 9,829 |
* | SiteOne Landscape Supply Inc. | 48,528 | 8,176 |
Applied Industrial Technologies Inc. | 41,610 | 7,901 | |
WESCO International Inc. | 49,358 | 7,379 | |
FTAI Aviation Ltd. | 107,696 | 6,062 | |
Boise Cascade Co. | 42,466 | 5,772 | |
* | Beacon Roofing Supply Inc. | 64,660 | 5,554 |
MSC Industrial Direct Co. Inc. Class A | 48,459 | 4,891 | |
Herc Holdings Inc. | 30,390 | 4,822 |
Shares | Market Value• ($000) | ||
GATX Corp. | 36,262 | 4,599 | |
Air Lease Corp. | 113,229 | 4,541 | |
* | GMS Inc. | 40,635 | 3,629 |
McGrath RentCorp. | 26,404 | 3,287 | |
Rush Enterprises Inc. Class A | 66,193 | 3,224 | |
H&E Equipment Services Inc. | 35,138 | 1,985 | |
* | DNOW Inc. | 114,021 | 1,613 |
* | BlueLinx Holdings Inc. | 9,422 | 1,195 |
* | MRC Global Inc. | 90,280 | 1,041 |
* | Transcat Inc. | 9,547 | 1,004 |
Global Industrial Co. | 20,679 | 907 | |
* | Xometry Inc. Class A | 41,102 | 804 |
* | Hudson Technologies Inc. | 43,780 | 641 |
* | Titan Machinery Inc. | 21,896 | 552 |
* | DXP Enterprises Inc. | 15,058 | 535 |
* | Distribution Solutions Group Inc. | 12,537 | 394 |
Alta Equipment Group Inc. | 21,879 | 251 | |
293,494 | |||
Total Common Stocks (Cost $4,480,750) | 5,301,128 | ||
Temporary Cash Investments (0.3%) | |||
Money Market Fund (0.3%) | |||
2,3 | Vanguard Market Liquidity Fund, 5.400% (Cost $16,428) | 164,317 | 16,430 |
Total Investments (100.2%) (Cost $4,497,178) | 5,317,558 | ||
Other Assets and Liabilities—Net (-0.2%) | (10,606) | ||
Net Assets (100.0%) | 5,306,952 | ||
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 $13,862,000. |
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 $15,260,000 was received for securities on loan, of which $15,257,000 is held in Vanguard Market Liquidity Fund and $3,000 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) |
Illinois Tool Works Inc. | 1/31/25 | CITNA | 5,767 | (5.326) | — | (24) |
1 | Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/paid monthly. |
CITNA—Citibank, N.A. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $4,480,750) | 5,301,128 |
Affiliated Issuers (Cost $16,428) | 16,430 |
Total Investments in Securities | 5,317,558 |
Investment in Vanguard | 152 |
Cash | 604 |
Receivables for Investment Securities Sold | 17,500 |
Receivables for Accrued Income | 9,266 |
Receivables for Capital Shares Issued | 507 |
Total Assets | 5,345,587 |
Liabilities | |
Payables for Investment Securities Purchased | 23,039 |
Collateral for Securities on Loan | 15,260 |
Payables for Capital Shares Redeemed | 114 |
Payables to Vanguard | 198 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 24 |
Total Liabilities | 38,635 |
Net Assets | 5,306,952 |
1 Includes $13,862,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 4,627,321 |
Total Distributable Earnings (Loss) | 679,631 |
Net Assets | 5,306,952 |
ETF Shares—Net Assets | |
Applicable to 21,376,428 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 4,995,344 |
Net Asset Value Per Share—ETF Shares | $233.68 |
Admiral Shares—Net Assets | |
Applicable to 2,595,526 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 311,608 |
Net Asset Value Per Share—Admiral Shares | $120.06 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 36,953 |
Interest2 | 69 |
Securities Lending—Net | 283 |
Total Income | 37,305 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 51 |
Management and Administrative— ETF Shares | 1,866 |
Management and Administrative— Admiral Shares | 120 |
Marketing and Distribution— ETF Shares | 94 |
Marketing and Distribution— Admiral Shares | 7 |
Custodian Fees | 18 |
Shareholders’ Reports—ETF Shares | 96 |
Shareholders’ Reports—Admiral Shares | 3 |
Trustees’ Fees and Expenses | 2 |
Other Expenses | 9 |
Total Expenses | 2,266 |
Expenses Paid Indirectly | (2) |
Net Expenses | 2,264 |
Net Investment Income | 35,041 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 111,009 |
Swap Contracts | 240 |
Realized Net Gain (Loss) | 111,249 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 419,721 |
Swap Contracts | 3 |
Change in Unrealized Appreciation (Depreciation) | 419,724 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 566,014 |
1 | Dividends are net of foreign withholding taxes of $23,000. |
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 $70,000, ($1,000), less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $123,373,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 35,041 | 60,313 | |
Realized Net Gain (Loss) | 111,249 | 32,065 | |
Change in Unrealized Appreciation (Depreciation) | 419,724 | 626,314 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 566,014 | 718,692 | |
Distributions | |||
ETF Shares | (34,898) | (57,205) | |
Admiral Shares | (2,219) | (3,409) | |
Total Distributions | (37,117) | (60,614) | |
Capital Share Transactions | |||
ETF Shares | 7,458 | 411,493 | |
Admiral Shares | 6,163 | 8,914 | |
Net Increase (Decrease) from Capital Share Transactions | 13,621 | 420,407 | |
Total Increase (Decrease) | 542,518 | 1,078,485 | |
Net Assets | |||
Beginning of Period | 4,764,434 | 3,685,949 | |
End of Period | 5,306,952 | 4,764,434 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $207.59 | $175.75 | $199.27 | $146.89 | $142.53 | $146.12 |
Investment Operations | ||||||
Net Investment Income1 | 1.600 | 2.829 | 2.432 | 2.264 | 2.366 | 2.597 |
Net Realized and Unrealized Gain (Loss) on Investments | 26.180 | 31.869 | (23.486) | 52.318 | 4.554 | (3.754) |
Total from Investment Operations | 27.780 | 34.698 | (21.054) | 54.582 | 6.920 | (1.157) |
Distributions | ||||||
Dividends from Net Investment Income | (1.690) | (2.858) | (2.466) | (2.202) | (2.560) | (2.433) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.690) | (2.858) | (2.466) | (2.202) | (2.560) | (2.433) |
Net Asset Value, End of Period | $233.68 | $207.59 | $175.75 | $199.27 | $146.89 | $142.53 |
Total Return | 13.48% | 19.99% | -10.62% | 37.41% | 4.96% | -0.73% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $4,995 | $4,493 | $3,461 | $5,438 | $3,090 | $3,457 |
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 | 1.44% | 1.50% | 1.29% | 1.25% | 1.69% | 1.87% |
Portfolio Turnover Rate3 | 3% | 10% | 4% | 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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $106.65 | $90.29 | $102.37 | $75.46 | $73.22 | $75.07 |
Investment Operations | ||||||
Net Investment Income1 | .829 | 1.451 | 1.240 | 1.162 | 1.221 | 1.340 |
Net Realized and Unrealized Gain (Loss) on Investments | 13.449 | 16.376 | (12.056) | 26.880 | 2.336 | (1.941) |
Total from Investment Operations | 14.278 | 17.827 | (10.816) | 28.042 | 3.557 | (.601) |
Distributions | ||||||
Dividends from Net Investment Income | (.868) | (1.467) | (1.264) | (1.132) | (1.317) | (1.249) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.868) | (1.467) | (1.264) | (1.132) | (1.317) | (1.249) |
Net Asset Value, End of Period | $120.06 | $106.65 | $90.29 | $102.37 | $75.46 | $73.22 |
Total Return2 | 13.49% | 19.99% | -10.62% | 37.43% | 4.98% | -0.75% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $312 | $271 | $225 | $372 | $210 | $202 |
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 | 1.46% | 1.49% | 1.27% | 1.25% | 1.71% | 1.87% |
Portfolio Turnover Rate4 | 3% | 10% | 4% | 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. |
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 29, 2024, 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 | 5,301,128 | — | — | 5,301,128 |
Temporary Cash Investments | 16,430 | — | — | 16,430 |
Total | 5,317,558 | — | — | 5,317,558 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Swap Contracts | — | 24 | — | 24 |
E. | As of February 29, 2024, 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 | 4,507,871 |
Gross Unrealized Appreciation | 1,160,598 |
Gross Unrealized Depreciation | (350,911) |
Net Unrealized Appreciation (Depreciation) | 809,687 |
F. | During the six months ended February 29, 2024, the fund purchased $122,722,000 of investment securities and sold $116,898,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $500,801,000 and $494,913,000, 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 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 502,423 | 2,332 | 930,187 | 4,752 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (494,965) | (2,600) | (518,694) | (2,800) | |
Net Increase (Decrease)—ETF Shares | 7,458 | (268) | 411,493 | 1,952 | |
Admiral Shares | |||||
Issued | 51,336 | 476 | 91,744 | 925 | |
Issued in Lieu of Cash Distributions | 1,921 | 18 | 2,908 | 31 | |
Redeemed | (47,094) | (442) | (85,738) | (905) | |
Net Increase (Decrease)—Admiral Shares | 6,163 | 52 | 8,914 | 51 |
H. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
I. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
Communications Equipment | 3.2% |
Electronic Equipment, Instruments & Components | 4.3 |
IT Services | 5.8 |
Semiconductors & Semiconductor Equipment | 29.8 |
Software | 38.7 |
Technology Hardware, Storage & Peripherals | 18.2 |
Shares | Market Value• ($000) | ||
Common Stocks (99.9%) | |||
Communications Equipment (3.2%) | |||
Cisco Systems Inc. | 22,666,570 | 1,096,382 | |
* | Arista Networks Inc. | 1,537,244 | 426,647 |
Motorola Solutions Inc. | 979,960 | 323,769 | |
Juniper Networks Inc. | 2,554,594 | 94,597 | |
* | F5 Inc. | 455,784 | 85,332 |
* | Ciena Corp. | 1,286,131 | 73,284 |
* | Lumentum Holdings Inc. | 851,508 | 41,273 |
* | Calix Inc. | 1,021,478 | 35,619 |
* | Viavi Solutions Inc. | 3,684,558 | 35,187 |
* | Extreme Networks Inc. | 2,655,749 | 33,569 |
* | NetScout Systems Inc. | 1,450,963 | 31,413 |
* | Harmonic Inc. | 2,324,113 | 30,516 |
* | ViaSat Inc. | 1,359,424 | 26,604 |
* | Digi International Inc. | 790,188 | 23,358 |
* | Infinera Corp. | 4,458,525 | 22,382 |
Adtran Holdings Inc. | 1,632,026 | 9,286 | |
* | NETGEAR Inc. | 613,772 | 9,200 |
* | Clearfield Inc. | 294,351 | 8,880 |
* | Ribbon Communications Inc. | 2,066,370 | 6,178 |
* | CommScope Holding Co. Inc. | 4,726,318 | 5,506 |
* | Casa Systems Inc. | 840,006 | 336 |
2,419,318 | |||
Electronic Equipment, Instruments & Components (4.3%) | |||
Amphenol Corp. Class A | 3,498,417 | 382,167 | |
TE Connectivity Ltd. | 1,878,833 | 269,725 | |
CDW Corp. | 831,320 | 204,679 | |
* | Keysight Technologies Inc. | 1,129,500 | 174,282 |
Corning Inc. | 5,177,223 | 166,914 | |
* | Teledyne Technologies Inc. | 312,407 | 133,482 |
Jabil Inc. | 877,439 | 126,430 | |
* | Trimble Inc. | 1,803,887 | 110,380 |
* | Zebra Technologies Corp. Class A | 370,164 | 103,453 |
* | Flex Ltd. | 3,250,426 | 91,499 |
* | Coherent Corp. | 1,416,247 | 84,238 |
* | Fabrinet | 323,437 | 69,723 |
Vontier Corp. | 1,484,231 | 63,822 | |
Cognex Corp. | 1,560,443 | 61,559 | |
* | Novanta Inc. | 346,202 | 59,872 |
* | Arrow Electronics Inc. | 503,660 | 59,180 |
* | Insight Enterprises Inc. | 310,686 | 58,409 |
TD SYNNEX Corp. | 553,762 | 57,536 | |
Littelfuse Inc. | 231,717 | 55,204 | |
* | Itron Inc. | 570,839 | 52,905 |
Badger Meter Inc. | 310,501 | 49,273 | |
Avnet Inc. | 1,019,731 | 47,509 | |
* | Sanmina Corp. | 741,475 | 46,861 |
Advanced Energy Industries Inc. | 432,361 | 43,755 | |
Belden Inc. | 512,266 | 43,635 | |
* | ePlus Inc. | 492,164 | 40,549 |
Crane NXT Co. | 666,185 | 38,919 |
Shares | Market Value• ($000) | ||
Vishay Intertechnology Inc. | 1,751,669 | 38,099 | |
* | IPG Photonics Corp. | 440,322 | 38,022 |
* | Plexus Corp. | 398,211 | 37,591 |
* | OSI Systems Inc. | 268,113 | 35,171 |
* | Mirion Technologies Inc. | 3,390,848 | 33,163 |
* | Rogers Corp. | 290,934 | 32,605 |
Napco Security Technologies Inc. | 722,402 | 32,530 | |
* | Knowles Corp. | 1,914,744 | 31,287 |
* | TTM Technologies Inc. | 2,072,321 | 30,774 |
CTS Corp. | 646,094 | 28,790 | |
* | PAR Technology Corp. | 611,744 | 26,807 |
Benchmark Electronics Inc. | 778,958 | 23,922 | |
* | ScanSource Inc. | 548,454 | 23,710 |
* | Arlo Technologies Inc. | 1,962,326 | 20,428 |
PC Connection Inc. | 258,056 | 17,130 | |
Methode Electronics Inc. | 738,362 | 15,727 | |
* | nLight Inc. | 968,319 | 12,811 |
* | Kimball Electronics Inc. | 543,548 | 12,235 |
* | SmartRent Inc. | 3,729,912 | 10,817 |
* | Evolv Technologies Holdings Inc. | 2,145,290 | 10,233 |
*,1 | Lightwave Logic Inc. | 2,424,287 | 10,206 |
*,1 | MicroVision Inc. | 4,115,711 | 9,713 |
* | FARO Technologies Inc. | 413,827 | 9,266 |
*,1 | Ouster Inc. | 735,150 | 3,992 |
* | 908 Devices Inc. | 489,384 | 3,597 |
* | Aeva Technologies Inc. | 2,287,827 | 2,311 |
* | Focus Universal Inc. | 642,886 | 270 |
3,247,167 | |||
IT Services (5.8%) | |||
Accenture plc Class A | 3,493,071 | 1,309,133 | |
International Business Machines Corp. | 5,115,385 | 946,500 | |
* | Snowflake Inc. Class A | 1,630,538 | 306,998 |
Cognizant Technology Solutions Corp. Class A | 3,067,056 | 242,359 | |
* | Gartner Inc. | 481,291 | 224,070 |
* | MongoDB Inc. | 444,840 | 199,101 |
* | Cloudflare Inc. Class A | 1,856,782 | 182,967 |
* | Okta Inc. | 1,154,912 | 123,922 |
* | VeriSign Inc. | 623,561 | 121,775 |
* | EPAM Systems Inc. | 399,286 | 121,543 |
* | Akamai Technologies Inc. | 1,040,099 | 115,368 |
* | GoDaddy Inc. Class A | 994,263 | 113,495 |
* | Twilio Inc. Class A | 1,342,882 | 80,022 |
* | Kyndryl Holdings Inc. | 2,428,623 | 53,357 |
* | DXC Technology Co. | 2,147,099 | 46,935 |
* | DigitalOcean Holdings Inc. | 1,008,303 | 38,235 |
* | Squarespace Inc. Class A | 1,033,726 | 34,402 |
* | Perficient Inc. | 529,814 | 34,369 |
* | Fastly Inc. Class A | 2,141,364 | 30,450 |
* | Couchbase Inc. | 682,153 | 19,155 |
Shares | Market Value• ($000) | ||
* | Grid Dynamics Holdings Inc. | 1,237,729 | 16,697 |
Hackett Group Inc. | 534,858 | 13,222 | |
* | BigCommerce Holdings Inc. Series 1 | 1,413,366 | 10,953 |
* | Applied Digital Corp. | 2,002,127 | 8,309 |
* | Unisys Corp. | 1,493,025 | 7,749 |
* | Thoughtworks Holding Inc. | 2,085,771 | 6,508 |
*,1 | Tucows Inc. Class A | 198,182 | 3,746 |
* | Rackspace Technology Inc. | 1,139,251 | 2,404 |
4,413,744 | |||
Semiconductors & Semiconductor Equipment (29.8%) | |||
NVIDIA Corp. | 10,039,331 | 7,942,316 | |
Broadcom Inc. | 2,463,667 | 3,203,974 | |
* | Advanced Micro Devices Inc. | 9,001,742 | 1,733,105 |
Intel Corp. | 23,554,783 | 1,014,033 | |
QUALCOMM Inc. | 6,261,782 | 988,047 | |
Applied Materials Inc. | 4,710,169 | 949,664 | |
Texas Instruments Inc. | 5,104,549 | 854,144 | |
Lam Research Corp. | 752,128 | 705,684 | |
Micron Technology Inc. | 6,322,843 | 572,913 | |
Analog Devices Inc. | 2,838,940 | 544,565 | |
KLA Corp. | 783,197 | 534,375 | |
NXP Semiconductors NV | 1,514,024 | 378,097 | |
Marvell Technology Inc. | 5,094,432 | 365,067 | |
Microchip Technology Inc. | 3,243,135 | 272,877 | |
Monolithic Power Systems Inc. | 293,918 | 211,633 | |
* | ON Semiconductor Corp. | 2,651,694 | 209,272 |
Entegris Inc. | 1,024,461 | 137,647 | |
* | Enphase Energy Inc. | 933,557 | 118,571 |
Skyworks Solutions Inc. | 1,101,268 | 115,545 | |
Teradyne Inc. | 1,072,573 | 111,108 | |
* | First Solar Inc. | 704,784 | 108,459 |
* | Qorvo Inc. | 761,099 | 87,184 |
* | Lattice Semiconductor Corp. | 1,076,579 | 82,477 |
* | Onto Innovation Inc. | 426,028 | 78,457 |
MKS Instruments Inc. | 574,868 | 70,571 | |
Universal Display Corp. | 376,035 | 65,588 | |
* | Rambus Inc. | 1,008,918 | 59,768 |
* | Cirrus Logic Inc. | 580,261 | 53,280 |
* | MACOM Technology Solutions Holdings Inc. | 591,205 | 52,221 |
* | Silicon Laboratories Inc. | 346,479 | 47,655 |
Power Integrations Inc. | 633,193 | 45,248 | |
* | Synaptics Inc. | 436,653 | 43,709 |
Amkor Technology Inc. | 1,400,191 | 43,434 | |
* | Axcelis Technologies Inc. | 381,523 | 42,986 |
* | FormFactor Inc. | 991,029 | 42,644 |
* | Impinj Inc. | 385,276 | 42,080 |
* | Ultra Clean Holdings Inc. | 947,010 | 40,911 |
Shares | Market Value• ($000) | ||
* | Wolfspeed Inc. | 1,564,926 | 40,719 |
* | Diodes Inc. | 598,830 | 40,708 |
* | SolarEdge Technologies Inc. | 588,616 | 39,537 |
* | Credo Technology Group Holding Ltd. | 1,798,177 | 38,733 |
* | Photronics Inc. | 1,331,386 | 38,331 |
* | Veeco Instruments Inc. | 1,045,142 | 37,845 |
* | Allegro MicroSystems Inc. | 1,180,495 | 37,174 |
Kulicke & Soffa Industries Inc. | 775,588 | 36,933 | |
* | Ambarella Inc. | 652,639 | 36,450 |
* | Cohu Inc. | 988,547 | 31,762 |
* | MaxLinear Inc. | 1,633,061 | 31,747 |
* | ACM Research Inc. Class A | 971,413 | 30,036 |
* | Semtech Corp. | 1,403,575 | 29,756 |
* | Sitime Corp. | 320,685 | 29,663 |
* | Ichor Holdings Ltd. | 641,533 | 27,458 |
* | SMART Global Holdings Inc. | 1,131,650 | 24,070 |
* | PDF Solutions Inc. | 668,199 | 22,712 |
* | indie Semiconductor Inc. Class A | 2,993,523 | 18,530 |
* | Navitas Semiconductor Corp. | 2,728,177 | 16,751 |
* | CEVA Inc. | 512,936 | 11,613 |
* | Alpha & Omega Semiconductor Ltd. | 515,694 | 11,294 |
* | Aehr Test Systems | 599,333 | 9,751 |
* | Magnachip Semiconductor Corp. | 845,714 | 4,821 |
22,615,703 | |||
Software (38.6%) | |||
Microsoft Corp. | 33,556,940 | 13,880,493 | |
* | Salesforce Inc. | 5,409,986 | 1,670,712 |
* | Adobe Inc. | 2,521,915 | 1,412,979 |
Intuit Inc. | 1,568,882 | 1,039,996 | |
Oracle Corp. | 9,214,738 | 1,029,102 | |
* | ServiceNow Inc. | 1,149,784 | 886,874 |
* | Palo Alto Networks Inc. | 1,635,450 | 507,889 |
* | Synopsys Inc. | 872,303 | 500,466 |
* | Cadence Design Systems Inc. | 1,566,363 | 476,770 |
* | Crowdstrike Holdings Inc. Class A | 1,338,279 | 433,803 |
* | Workday Inc. Class A | 1,221,387 | 359,894 |
Roper Technologies Inc. | 626,343 | 341,188 | |
* | Autodesk Inc. | 1,265,500 | 326,714 |
* | Fortinet Inc. | 4,060,406 | 280,615 |
* | Palantir Technologies Inc. Class A | 11,133,687 | 279,233 |
* | Datadog Inc. Class A | 1,673,371 | 219,981 |
* | Atlassian Corp. Ltd. Class A | 962,949 | 199,735 |
* | Fair Isaac Corp. | 156,244 | 198,416 |
* | HubSpot Inc. | 304,781 | 188,602 |
* | ANSYS Inc. | 545,896 | 182,422 |
* | Splunk Inc. | 1,026,006 | 160,283 |
* | Zscaler Inc. | 594,408 | 143,829 |
* | PTC Inc. | 784,768 | 143,620 |
* | Tyler Technologies Inc. | 283,555 | 123,953 |
* | Zoom Video Communications Inc. Class A | 1,718,822 | 121,572 |
* | Nutanix Inc. Class A | 1,870,542 | 118,143 |
*,1 | MicroStrategy Inc. Class A | 114,728 | 117,348 |
Shares | Market Value• ($000) | ||
* | Manhattan Associates Inc. | 433,670 | 109,862 |
* | Elastic NV | 736,210 | 98,512 |
* | Dynatrace Inc. | 1,958,554 | 97,046 |
Gen Digital Inc. (XNGS) | 4,255,231 | 91,445 | |
* | DocuSign Inc. | 1,598,034 | 85,127 |
Bentley Systems Inc. Class B | 1,609,186 | 82,664 | |
* | AppLovin Corp. Class A | 1,330,904 | 79,482 |
*,1 | Marathon Digital Holdings Inc. | 3,031,578 | 78,518 |
* | UiPath Inc. Class A | 3,276,419 | 77,815 |
* | Guidewire Software Inc. | 641,721 | 76,583 |
* | SentinelOne Inc. Class A | 2,492,864 | 70,224 |
* | Procore Technologies Inc. | 835,790 | 65,217 |
* | Gitlab Inc. Class A | 885,105 | 63,834 |
* | SPS Commerce Inc. | 326,508 | 60,456 |
* | Unity Software Inc. | 2,046,693 | 60,009 |
* | Qualys Inc. | 345,491 | 59,376 |
* | Samsara Inc. Class A | 1,692,289 | 58,469 |
* | Confluent Inc. Class A | 1,725,290 | 58,436 |
* | Varonis Systems Inc. | 1,147,726 | 58,304 |
* | Bill Holdings Inc. | 897,428 | 56,834 |
* | Dropbox Inc. Class A | 2,346,059 | 56,188 |
* | Aspen Technology Inc. | 285,944 | 55,442 |
* | Tenable Holdings Inc. | 1,146,385 | 55,210 |
* | JFrog Ltd. | 1,221,191 | 54,697 |
* | Smartsheet Inc. Class A | 1,247,830 | 52,671 |
* | Appfolio Inc. Class A | 210,465 | 50,951 |
* | CommVault Systems Inc. | 530,430 | 50,767 |
Dolby Laboratories Inc. Class A | 625,540 | 50,669 | |
*,1 | C3.ai Inc. Class A | 1,363,894 | 50,423 |
* | Altair Engineering Inc. Class A | 585,542 | 49,818 |
* | Alarm.com Holdings Inc. | 624,866 | 47,296 |
* | ACI Worldwide Inc. | 1,404,869 | 46,234 |
* | Workiva Inc. | 512,654 | 44,150 |
* | Teradata Corp. | 1,166,941 | 43,900 |
* | Box Inc. Class A | 1,692,367 | 43,646 |
* | Rapid7 Inc. | 743,809 | 43,572 |
* | Five9 Inc. | 702,648 | 42,862 |
*,1 | Riot Platforms Inc. | 2,986,801 | 42,174 |
* | Q2 Holdings Inc. | 911,787 | 42,152 |
* | Alteryx Inc. Class A | 875,908 | 42,079 |
* | HashiCorp Inc. Class A | 1,613,541 | 42,065 |
* | DoubleVerify Holdings Inc. | 1,353,079 | 41,797 |
* | Freshworks Inc. Class A | 2,032,756 | 41,550 |
Pegasystems Inc. | 635,811 | 41,353 | |
* | Sprout Social Inc. Class A | 653,498 | 40,399 |
* | Blackbaud Inc. | 577,461 | 39,949 |
* | Braze Inc. Class A | 701,632 | 39,923 |
* | RingCentral Inc. Class A | 1,184,382 | 39,582 |
* | Blackline Inc. | 693,720 | 39,355 |
* | Cleanspark Inc. | 2,337,942 | 39,090 |
InterDigital Inc. | 361,657 | 38,705 | |
* | Vertex Inc. Class A | 1,125,839 | 37,806 |
* | PagerDuty Inc. | 1,468,187 | 35,471 |
Progress Software Corp. | 659,269 | 35,179 | |
* | LiveRamp Holdings Inc. | 1,005,539 | 35,174 |
* | Envestnet Inc. | 678,636 | 34,970 |
* | Verint Systems Inc. | 1,080,153 | 34,144 |
* | Asana Inc. Class A | 1,699,518 | 33,480 |
* | Zeta Global Holdings Corp. Class A | 3,187,142 | 33,465 |
Shares | Market Value• ($000) | ||
* | NCR Voyix Corp. | 2,286,615 | 33,407 |
* | Agilysys Inc. | 425,495 | 33,103 |
* | Sprinklr Inc. Class A | 2,525,936 | 32,913 |
* | Aurora Innovation Inc. | 12,927,982 | 32,837 |
*,1 | SoundHound AI Inc. Class A | 4,345,173 | 32,241 |
* | nCino Inc. | 1,073,906 | 32,045 |
* | Clearwater Analytics Holdings Inc. Class A | 1,859,715 | 32,024 |
Clear Secure Inc. Class A | 1,648,677 | 31,737 | |
* | Informatica Inc. Class A | 964,473 | 31,423 |
* | PROS Holdings Inc. | 853,312 | 30,506 |
* | Appian Corp. Class A | 774,381 | 26,987 |
* | Intapp Inc. | 684,278 | 26,844 |
Adeia Inc. | 2,339,187 | 26,526 | |
* | PowerSchool Holdings Inc. Class A | 1,254,671 | 26,210 |
* | Everbridge Inc. | 896,461 | 25,343 |
* | Alkami Technology Inc. | 936,600 | 23,368 |
* | Zuora Inc. Class A | 2,799,673 | 22,621 |
* | Model N Inc. | 858,153 | 21,076 |
A10 Networks Inc. | 1,535,959 | 20,444 | |
* | Jamf Holding Corp. | 1,098,361 | 19,759 |
* | AvePoint Inc. | 2,404,874 | 19,239 |
* | N-Able Inc. | 1,396,636 | 18,813 |
* | Amplitude Inc. Class A | 1,461,247 | 17,330 |
* | E2open Parent Holdings Inc. | 3,673,818 | 15,540 |
* | Yext Inc. | 2,301,525 | 13,625 |
* | Cerence Inc. | 900,184 | 13,413 |
* | Olo Inc. Class A | 2,265,529 | 13,185 |
* | SolarWinds Corp. | 1,086,332 | 12,971 |
* | Matterport Inc. | 5,671,106 | 12,023 |
* | Mitek Systems Inc. | 1,009,452 | 11,720 |
*,1 | Digimarc Corp. | 311,007 | 10,904 |
* | Xperi Inc. | 948,493 | 10,395 |
* | SEMrush Holdings Inc. Class A | 784,209 | 9,787 |
* | Weave Communications Inc. | 758,630 | 9,506 |
* | MeridianLink Inc. | 427,878 | 8,113 |
* | Domo Inc. Class B | 691,477 | 7,959 |
American Software Inc. Class A | 704,926 | 7,909 | |
* | OneSpan Inc. | 696,184 | 6,690 |
* | Enfusion Inc. Class A | 770,903 | 6,684 |
* | Digital Turbine Inc. | 2,095,124 | 6,642 |
*,1 | Terawulf Inc. | 3,420,439 | 6,413 |
* | Consensus Cloud Solutions Inc. | 397,134 | 6,322 |
* | 8x8 Inc. | 2,220,586 | 6,284 |
* | Telos Corp. | 1,139,385 | 4,182 |
* | CS Disco Inc. | 621,979 | 4,142 |
ON24 Inc. | 587,719 | 4,126 | |
*,1 | Cipher Mining Inc. | 1,390,054 | 4,115 |
* | Rimini Street Inc. | 1,133,601 | 3,662 |
* | NextNav Inc. | 842,532 | 3,606 |
* | Expensify Inc. Class A | 981,450 | 2,041 |
* | LivePerson Inc. | 1,499,901 | 1,905 |
*,1 | Veritone Inc. | 816,665 | 1,870 |
* | SecureWorks Corp. Class A | 241,168 | 1,592 |
29,365,325 | |||
Technology Hardware, Storage & Peripherals (18.2%) | |||
Apple Inc. | 69,130,925 | 12,495,415 | |
* | Super Micro Computer Inc. | 330,738 | 286,459 |
HP Inc. | 5,966,579 | 169,033 |
Shares | Market Value• ($000) | ||
Dell Technologies Inc. Class C | 1,691,815 | 160,147 | |
* | Western Digital Corp. | 2,225,139 | 132,329 |
Hewlett Packard Enterprise Co. | 8,679,596 | 132,190 | |
Seagate Technology Holdings plc | 1,358,091 | 126,370 | |
NetApp Inc. | 1,416,608 | 126,248 | |
* | Pure Storage Inc. Class A | 2,198,608 | 115,757 |
Xerox Holdings Corp. | 2,150,034 | 40,098 | |
*,1 | IonQ Inc. | 3,138,523 | 32,515 |
* | Corsair Gaming Inc. | 1,011,904 | 13,104 |
* | CPI Card Group Inc. | 99,129 | 1,874 |
13,831,539 | |||
Total Common Stocks (Cost $54,359,428) | 75,892,796 |
Shares | Market Value• ($000) | ||
Temporary Cash Investments (0.3%) | |||
Money Market Fund (0.3%) | |||
2,3 | Vanguard Market Liquidity Fund, 5.400% (Cost $247,001) | 2,470,564 | 247,032 |
Total Investments (100.2%) (Cost $54,606,429) | 76,139,828 | ||
Other Assets and Liabilities—Net (-0.2%) | (120,189) | ||
Net Assets (100.0%) | 76,019,639 | ||
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 $181,532,000. |
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 $182,518,000 was received for securities on loan, of which $182,468,000 is held in Vanguard Market Liquidity Fund and $50,000 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 2024 | 280 | 101,263 | 1,089 |
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) |
Palo Alto Networks Inc. | 8/30/24 | BANA | 46,583 | (5.326) | — | (218) |
1 | Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/paid monthly. |
BANA—Bank of America, N.A. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $54,359,428) | 75,892,796 |
Affiliated Issuers (Cost $247,001) | 247,032 |
Total Investments in Securities | 76,139,828 |
Investment in Vanguard | 2,262 |
Cash | 30,878 |
Cash Collateral Pledged—Futures Contracts | 3,584 |
Cash Collateral Pledged—Over-the-Counter Swap Contracts | 3,770 |
Receivables for Investment Securities Sold | 3,081,853 |
Receivables for Accrued Income | 55,861 |
Receivables for Capital Shares Issued | 13,303 |
Variation Margin Receivable—Futures Contracts | 704 |
Total Assets | 79,332,043 |
Liabilities | |
Payables for Investment Securities Purchased | 3,097,752 |
Collateral for Securities on Loan | 182,518 |
Payables for Capital Shares Redeemed | 29,024 |
Payables to Vanguard | 2,892 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 218 |
Total Liabilities | 3,312,404 |
Net Assets | 76,019,639 |
1 Includes $181,532,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 51,468,021 |
Total Distributable Earnings (Loss) | 24,551,618 |
Net Assets | 76,019,639 |
ETF Shares—Net Assets | |
Applicable to 124,878,298 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 64,726,501 |
Net Asset Value Per Share—ETF Shares | $518.32 |
Admiral Shares—Net Assets | |
Applicable to 42,551,804 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 11,293,138 |
Net Asset Value Per Share—Admiral Shares | $265.40 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 248,246 |
Interest2 | 2,888 |
Securities Lending—Net | 2,977 |
Total Income | 254,111 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 736 |
Management and Administrative— ETF Shares | 25,310 |
Management and Administrative— Admiral Shares | 4,339 |
Marketing and Distribution— ETF Shares | 1,398 |
Marketing and Distribution— Admiral Shares | 251 |
Custodian Fees | 121 |
Shareholders’ Reports—ETF Shares | 502 |
Shareholders’ Reports—Admiral Shares | 26 |
Trustees’ Fees and Expenses | 25 |
Other Expenses | 9 |
Total Expenses | 32,717 |
Expenses Paid Indirectly | (42) |
Net Expenses | 32,675 |
Net Investment Income | 221,436 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 5,344,833 |
Futures Contracts | 8,622 |
Swap Contracts | 9,199 |
Realized Net Gain (Loss) | 5,362,654 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 5,220,838 |
Futures Contracts | (813) |
Swap Contracts | (218) |
Change in Unrealized Appreciation (Depreciation) | 5,219,807 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 10,803,897 |
1 | Dividends are net of foreign withholding taxes of $450,000. |
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 $2,778,000, $18,000, $1,000, and ($13,000), respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $5,701,290,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 221,436 | 431,970 | |
Realized Net Gain (Loss) | 5,362,654 | 7,734,242 | |
Change in Unrealized Appreciation (Depreciation) | 5,219,807 | 5,504,560 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 10,803,897 | 13,670,772 | |
Distributions | |||
ETF Shares | (203,307) | (377,208) | |
Admiral Shares | (33,965) | (55,088) | |
Total Distributions | (237,272) | (432,296) | |
Capital Share Transactions | |||
ETF Shares | 2,050,296 | (1,393,287) | |
Admiral Shares | 966,784 | 1,038,391 | |
Net Increase (Decrease) from Capital Share Transactions | 3,017,080 | (354,896) | |
Total Increase (Decrease) | 13,583,705 | 12,883,580 | |
Net Assets | |||
Beginning of Period | 62,435,934 | 49,552,354 | |
End of Period | 76,019,639 | 62,435,934 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $444.81 | $349.23 | $426.48 | $328.54 | $213.66 | $202.82 |
Investment Operations | ||||||
Net Investment Income1 | 1.553 | 3.090 | 3.003 | 2.634 | 2.926 | 2.572 |
Net Realized and Unrealized Gain (Loss) on Investments | 73.633 | 95.573 | (77.272) | 97.919 | 114.955 | 10.792 |
Total from Investment Operations | 75.186 | 98.663 | (74.269) | 100.553 | 117.881 | 13.364 |
Distributions | ||||||
Dividends from Net Investment Income | (1.676) | (3.083) | (2.981) | (2.613) | (3.001) | (2.524) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.676) | (3.083) | (2.981) | (2.613) | (3.001) | (2.524) |
Net Asset Value, End of Period | $518.32 | $444.81 | $349.23 | $426.48 | $328.54 | $213.66 |
Total Return | 16.97% | 28.47% | -17.50% | 30.80% | 55.72% | 6.70% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $64,727 | $53,653 | $43,558 | $51,238 | $38,711 | $20,738 |
Ratio of Total Expenses to Average Net Assets | 0.10%2 | 0.10%2 | 0.10%2 | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 0.68% | 0.83% | 0.76% | 0.73% | 1.17% | 1.32% |
Portfolio Turnover Rate3 | 8% | 15% | 6% | 4% | 5% | 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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $227.76 | $178.82 | $218.38 | $168.23 | $109.40 | $103.86 |
Investment Operations | ||||||
Net Investment Income1 | .797 | 1.591 | 1.538 | 1.353 | 1.504 | 1.326 |
Net Realized and Unrealized Gain (Loss) on Investments | 37.702 | 48.931 | (39.572) | 50.136 | 58.864 | 5.509 |
Total from Investment Operations | 38.499 | 50.522 | (38.034) | 51.489 | 60.368 | 6.835 |
Distributions | ||||||
Dividends from Net Investment Income | (.859) | (1.582) | (1.526) | (1.339) | (1.538) | (1.295) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.859) | (1.582) | (1.526) | (1.339) | (1.538) | (1.295) |
Net Asset Value, End of Period | $265.40 | $227.76 | $178.82 | $218.38 | $168.23 | $109.40 |
Total Return2 | 16.97% | 28.47% | -17.50% | 30.81% | 55.78% | 6.70% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $11,293 | $8,783 | $5,994 | $7,301 | $5,149 | $2,470 |
Ratio of Total Expenses to Average Net Assets | 0.10%3 | 0.10%3 | 0.10%3 | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 0.68% | 0.83% | 0.75% | 0.73% | 1.17% | 1.32% |
Portfolio Turnover Rate4 | 8% | 15% | 6% | 4% | 5% | 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 29, 2024, custodian fee offset arrangements reduced the fund’s expenses by $42,000 (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 | 75,892,796 | — | — | 75,892,796 |
Temporary Cash Investments | 247,032 | — | — | 247,032 |
Total | 76,139,828 | — | — | 76,139,828 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 1,089 | — | — | 1,089 |
Liabilities | ||||
Swap Contracts | — | 218 | — | 218 |
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 29, 2024, 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 | 54,729,981 |
Gross Unrealized Appreciation | 22,625,313 |
Gross Unrealized Depreciation | (1,214,377) |
Net Unrealized Appreciation (Depreciation) | 21,410,936 |
F. | During the six months ended February 29, 2024, the fund purchased $6,234,835,000 of investment securities and sold $5,279,988,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $10,581,743,000 and $8,532,791,000, 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 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 10,638,6771 | 21,7841 | 16,506,313 | 41,443 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (8,588,381)1 | (17,525)1 | (17,899,600) | (45,550) | |
Net Increase (Decrease)—ETF Shares | 2,050,296 | 4,259 | (1,393,287) | (4,107) |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Admiral Shares | |||||
Issued | 1,817,041 | 7,545 | 2,150,542 | 10,897 | |
Issued in Lieu of Cash Distributions | 30,963 | 137 | 50,075 | 271 | |
Redeemed | (881,220) | (3,693) | (1,162,226) | (6,126) | |
Net Increase (Decrease)—Admiral Shares | 966,784 | 3,989 | 1,038,391 | 5,042 |
1 | Includes unsettled in-kind transactions as of February 29, 2024 for 9,600,000 issued shares and 9,925,000 redeemed shares valued at $4,944,890,000 and $5,122,229,000, respectively, which settled shortly afterwards. |
H. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
I. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
Chemicals | 61.3% |
Construction Materials | 7.1 |
Containers & Packaging | 11.4 |
Metals & Mining | 19.6 |
Paper & Forest Products | 0.6 |
Shares | Market Value• ($000) | ||
Common Stocks (99.7%) | |||
Chemicals (61.1%) | |||
Linde plc | 1,536,381 | 689,558 | |
Sherwin-Williams Co. | 770,494 | 255,827 | |
Ecolab Inc. | 813,137 | 182,826 | |
Air Products and Chemicals Inc. | 704,139 | 164,797 | |
Dow Inc. | 2,222,337 | 124,184 | |
Corteva Inc. | 2,232,938 | 119,507 | |
PPG Industries Inc. | 747,154 | 105,797 | |
DuPont de Nemours Inc. | 1,362,417 | 94,266 | |
LyondellBasell Industries NV Class A | 822,177 | 82,448 | |
International Flavors & Fragrances Inc. | 808,855 | 61,069 | |
Celanese Corp. | 327,682 | 49,798 | |
CF Industries Holdings Inc. | 605,368 | 48,865 | |
RPM International Inc. | 408,356 | 47,104 | |
Albemarle Corp. | 324,845 | 44,780 | |
Eastman Chemical Co. | 375,669 | 32,961 | |
Mosaic Co. | 1,035,554 | 32,268 | |
* | Axalta Coating Systems Ltd. | 697,110 | 22,816 |
FMC Corp. | 395,299 | 22,291 | |
Olin Corp. | 388,351 | 20,893 | |
* | Arcadium Lithium plc | 3,403,186 | 18,683 |
Element Solutions Inc. | 727,084 | 17,086 | |
Westlake Corp. | 121,818 | 16,897 | |
Balchem Corp. | 102,170 | 16,060 | |
Cabot Corp. | 175,268 | 14,889 | |
NewMarket Corp. | 22,790 | 14,624 | |
Ashland Inc. | 152,883 | 14,316 | |
HB Fuller Co. | 171,191 | 13,615 | |
Huntsman Corp. | 524,560 | 13,429 | |
Avient Corp. | 288,857 | 11,693 | |
Innospec Inc. | 78,801 | 9,793 | |
Chemours Co. | 470,364 | 9,252 | |
Scotts Miracle-Gro Co. | 134,701 | 8,850 | |
Quaker Chemical Corp. | 39,895 | 7,999 | |
Sensient Technologies Corp. | 113,749 | 7,608 | |
Minerals Technologies Inc. | 103,126 | 7,462 | |
Stepan Co. | 70,871 | 6,322 | |
Tronox Holdings plc | 372,630 | 5,478 | |
*,1 | Ginkgo Bioworks Holdings Inc. | 3,335,893 | 5,071 |
* | Ingevity Corp. | 108,647 | 4,963 |
Hawkins Inc. | 63,010 | 4,426 | |
Orion SA | 183,838 | 4,144 | |
Koppers Holdings Inc. | 66,274 | 3,752 | |
* | Aspen Aerogels Inc. | 193,527 | 3,325 |
* | Ecovyst Inc. | 329,040 | 3,175 |
Mativ Holdings Inc. | 172,580 | 2,998 | |
* | Perimeter Solutions SA | 456,614 | 2,776 |
AdvanSix Inc. | 85,347 | 2,388 | |
*,1 | PureCycle Technologies Inc. | 336,437 | 1,948 |
Shares | Market Value• ($000) | ||
* | LSB Industries Inc. | 152,518 | 1,122 |
American Vanguard Corp. | 88,010 | 943 | |
Kronos Worldwide Inc. | 73,360 | 667 | |
* | Intrepid Potash Inc. | 31,229 | 658 |
*,1 | Danimer Scientific Inc. | 306,727 | 411 |
Trinseo plc | 86,711 | 390 | |
*,1 | Origin Materials Inc. | 366,649 | 218 |
2,459,486 | |||
Construction Materials (7.0%) | |||
Martin Marietta Materials Inc. | 195,846 | 113,142 | |
Vulcan Materials Co. | 421,030 | 111,931 | |
Eagle Materials Inc. | 110,555 | 28,031 | |
* | Summit Materials Inc. Class A | 378,669 | 16,173 |
* | Knife River Corp. | 170,299 | 12,617 |
United States Lime & Minerals Inc. | 7,196 | 1,835 | |
283,729 | |||
Containers & Packaging (11.4%) | |||
Ball Corp. | 999,058 | 63,960 | |
Avery Dennison Corp. | 255,181 | 55,254 | |
Packaging Corp. of America | 283,987 | 51,456 | |
Amcor plc | 4,579,495 | 41,490 | |
International Paper Co. | 1,041,508 | 36,828 | |
Westrock Co. | 812,764 | 36,810 | |
Crown Holdings Inc. | 382,287 | 29,291 | |
AptarGroup Inc. | 208,447 | 29,278 | |
Graphic Packaging Holding Co. | 969,133 | 25,149 | |
Berry Global Group Inc. | 367,317 | 21,381 | |
Sonoco Products Co. | 310,376 | 17,592 | |
Sealed Air Corp. | 457,666 | 15,959 | |
Silgan Holdings Inc. | 269,944 | 11,853 | |
* | O-I Glass Inc. | 489,452 | 8,282 |
Greif Inc. Class A | 80,861 | 5,212 | |
TriMas Corp. | 130,747 | 3,073 | |
Pactiv Evergreen Inc. | 141,587 | 2,088 | |
Myers Industries Inc. | 99,976 | 1,923 | |
* | Ranpak Holdings Corp. | 138,729 | 659 |
457,538 | |||
Metals & Mining (19.6%) | |||
Freeport-McMoRan Inc. | 4,543,614 | 171,794 | |
Nucor Corp. | 778,928 | 149,788 | |
Newmont Corp. (XNYS) | 3,651,636 | 114,114 | |
Steel Dynamics Inc. | 487,059 | 65,178 | |
Reliance Steel & Aluminum Co. | 182,091 | 58,491 | |
* | Cleveland-Cliffs Inc. | 1,599,653 | 33,273 |
United States Steel Corp. | 495,003 | 23,433 | |
Royal Gold Inc. | 208,134 | 21,361 | |
Commercial Metals Co. | 368,384 | 19,893 | |
* | ATI Inc. | 404,238 | 19,880 |
Alcoa Corp. | 565,503 | 15,387 | |
Alpha Metallurgical Resources Inc. | 35,746 | 13,485 |
Shares | Market Value• ($000) | ||
Carpenter Technology Corp. | 156,236 | 10,101 | |
Warrior Met Coal Inc. | 164,825 | 9,390 | |
Arch Resources Inc. | 55,296 | 9,140 | |
Materion Corp. | 65,404 | 8,785 | |
* | MP Materials Corp. | 451,807 | 6,872 |
Hecla Mining Co. | 1,864,211 | 6,599 | |
Kaiser Aluminum Corp. | 50,931 | 3,694 | |
* | Worthington Steel Inc. | 103,884 | 3,289 |
* | Coeur Mining Inc. | 1,212,446 | 3,140 |
Ryerson Holding Corp. | 97,204 | 3,070 | |
SunCoke Energy Inc. | 266,897 | 2,859 | |
* | TimkenSteel Corp. | 122,658 | 2,668 |
Compass Minerals International Inc. | 110,997 | 2,531 | |
Haynes International Inc. | 40,219 | 2,390 | |
* | Century Aluminum Co. | 175,409 | 1,837 |
*,1 | Ivanhoe Electric Inc. | 227,724 | 1,685 |
Radius Recycling Inc. | 83,206 | 1,644 | |
Ramaco Resources Inc. Class A | 83,463 | 1,467 | |
* | Piedmont Lithium Inc. | 57,687 | 840 |
* | 5e Advanced Materials Inc. | 97,959 | 177 |
788,255 | |||
Paper & Forest Products (0.6%) | |||
Louisiana-Pacific Corp. | 205,677 | 15,214 | |
Sylvamo Corp. | 118,386 | 7,152 | |
* | Clearwater Paper Corp. | 52,748 | 2,072 |
Mercer International Inc. | 125,593 | 1,153 | |
25,591 | |||
Total Common Stocks (Cost $3,748,877) | 4,014,599 | ||
Temporary Cash Investments (0.4%) | |||
Money Market Fund (0.4%) | |||
2,3 | Vanguard Market Liquidity Fund, 5.400% (Cost $17,461) | 174,635 | 17,462 |
Total Investments (100.1%) (Cost $3,766,338) | 4,032,061 | ||
Other Assets and Liabilities—Net (-0.1%) | (3,293) | ||
Net Assets (100.0%) | 4,028,768 | ||
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 $6,472,000. |
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 $7,958,000 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) |
Albemarle Corp. | 1/31/25 | CITNA | 6,479 | (5.326) | — | (23) |
United States Steel Corp. | 8/30/24 | BANA | 10,036 | (5.326) | — | (32) |
— | (55) |
1 | Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/paid monthly. |
BANA—Bank of America, N.A. | |
CITNA—Citibank, N.A. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $3,748,877) | 4,014,599 |
Affiliated Issuers (Cost $17,461) | 17,462 |
Total Investments in Securities | 4,032,061 |
Investment in Vanguard | 120 |
Receivables for Investment Securities Sold | 14,875 |
Receivables for Accrued Income | 6,198 |
Receivables for Capital Shares Issued | 435 |
Total Assets | 4,053,689 |
Liabilities | |
Due to Custodian | 21 |
Payables for Investment Securities Purchased | 13,968 |
Collateral for Securities on Loan | 7,958 |
Payables for Capital Shares Redeemed | 2,767 |
Payables to Vanguard | 152 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 55 |
Total Liabilities | 24,921 |
Net Assets | 4,028,768 |
1 Includes $6,472,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 3,842,412 |
Total Distributable Earnings (Loss) | 186,356 |
Net Assets | 4,028,768 |
ETF Shares—Net Assets | |
Applicable to 14,925,712 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,882,104 |
Net Asset Value Per Share—ETF Shares | $193.10 |
Admiral Shares—Net Assets | |
Applicable to 11,655,292 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,146,664 |
Net Asset Value Per Share—Admiral Shares | $98.38 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 35,071 |
Interest2 | 297 |
Securities Lending—Net | 76 |
Total Income | 35,444 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 41 |
Management and Administrative— ETF Shares | 1,161 |
Management and Administrative— Admiral Shares | 482 |
Marketing and Distribution— ETF Shares | 57 |
Marketing and Distribution— Admiral Shares | 29 |
Custodian Fees | 10 |
Shareholders’ Reports—ETF Shares | 89 |
Shareholders’ Reports—Admiral Shares | 4 |
Trustees’ Fees and Expenses | 1 |
Other Expenses | 9 |
Total Expenses | 1,883 |
Expenses Paid Indirectly | (3) |
Net Expenses | 1,880 |
Net Investment Income | 33,564 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 90,540 |
Swap Contracts | 255 |
Realized Net Gain (Loss) | 90,795 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 93,391 |
Swap Contracts | (13) |
Change in Unrealized Appreciation (Depreciation) | 93,378 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 217,737 |
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 $297,000, ($1,000), less than $1,000, and ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $110,656,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 33,564 | 72,647 | |
Realized Net Gain (Loss) | 90,795 | 99,739 | |
Change in Unrealized Appreciation (Depreciation) | 93,378 | 247,690 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 217,737 | 420,076 | |
Distributions | |||
ETF Shares | (27,007) | (53,383) | |
Admiral Shares | (10,347) | (19,101) | |
Total Distributions | (37,354) | (72,484) | |
Capital Share Transactions | |||
ETF Shares | (304,521) | (71,615) | |
Admiral Shares | 17,793 | (24,601) | |
Net Increase (Decrease) from Capital Share Transactions | (286,728) | (96,216) | |
Total Increase (Decrease) | (106,345) | 251,376 | |
Net Assets | |||
Beginning of Period | 4,135,113 | 3,883,737 | |
End of Period | 4,028,768 | 4,135,113 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $182.61 | $166.09 | $187.02 | $134.84 | $122.80 | $134.33 |
Investment Operations | ||||||
Net Investment Income1 | 1.590 | 3.253 | 3.213 | 2.801 | 2.522 | 2.501 |
Net Realized and Unrealized Gain (Loss) on Investments | 10.651 | 16.513 | (20.893) | 52.014 | 12.053 | (11.541) |
Total from Investment Operations | 12.241 | 19.766 | (17.680) | 54.815 | 14.575 | (9.040) |
Distributions | ||||||
Dividends from Net Investment Income | (1.751) | (3.246) | (3.250) | (2.635) | (2.535) | (2.490) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.751) | (3.246) | (3.250) | (2.635) | (2.535) | (2.490) |
Net Asset Value, End of Period | $193.10 | $182.61 | $166.09 | $187.02 | $134.84 | $122.80 |
Total Return | 6.77% | 12.09% | -9.55% | 41.00% | 12.12% | -6.73% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,882 | $3,070 | $2,889 | $3,924 | $1,676 | $1,921 |
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 | 1.77% | 1.87% | 1.76% | 1.66% | 2.05% | 2.04% |
Portfolio Turnover Rate3 | 3% | 5% | 4% | 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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $93.04 | $84.62 | $95.29 | $68.70 | $62.57 | $68.45 |
Investment Operations | ||||||
Net Investment Income1 | .810 | 1.654 | 1.652 | 1.424 | 1.294 | 1.282 |
Net Realized and Unrealized Gain (Loss) on Investments | 5.423 | 8.420 | (10.665) | 26.507 | 6.130 | (5.892) |
Total from Investment Operations | 6.233 | 10.074 | (9.013) | 27.931 | 7.424 | (4.610) |
Distributions | ||||||
Dividends from Net Investment Income | (.893) | (1.654) | (1.657) | (1.341) | (1.294) | (1.270) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.893) | (1.654) | (1.657) | (1.341) | (1.294) | (1.270) |
Net Asset Value, End of Period | $98.38 | $93.04 | $84.62 | $95.29 | $68.70 | $62.57 |
Total Return2 | 6.78% | 12.10% | -9.56% | 41.04% | 12.14% | -6.74% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,147 | $1,065 | $994 | $1,078 | $583 | $482 |
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 | 1.77% | 1.86% | 1.78% | 1.67% | 2.08% | 2.04% |
Portfolio Turnover Rate4 | 3% | 5% | 4% | 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 29, 2024, 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 | 4,014,599 | — | — | 4,014,599 |
Temporary Cash Investments | 17,462 | — | — | 17,462 |
Total | 4,032,061 | — | — | 4,032,061 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Swap Contracts | — | 55 | — | 55 |
E. | As of February 29, 2024, 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 | 3,779,419 |
Gross Unrealized Appreciation | 733,974 |
Gross Unrealized Depreciation | (481,332) |
Net Unrealized Appreciation (Depreciation) | 252,642 |
F. | During the six months ended February 29, 2024, the fund purchased $154,195,000 of investment securities and sold $131,781,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $220,665,000 and $530,108,000, 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 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 225,705 | 1,227 | 492,462 | 2,743 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (530,226) | (3,115) | (564,077) | (3,325) | |
Net Increase (Decrease)—ETF Shares | (304,521) | (1,888) | (71,615) | (582) | |
Admiral Shares | |||||
Issued | 123,786 | 1,363 | 237,053 | 2,655 | |
Issued in Lieu of Cash Distributions | 9,491 | 104 | 17,073 | 200 | |
Redeemed | (115,484) | (1,256) | (278,727) | (3,163) | |
Net Increase (Decrease)—Admiral Shares | 17,793 | 211 | (24,601) | (308) |
H. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
I. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
Electric Utilities | 61.9% |
Gas Utilities | 4.3 |
Independent Power and Renewable Electricity Producers | 3.8 |
Multi-Utilities | 26.0 |
Water Utilities | 4.0 |
Shares | Market Value• ($000) | ||
Common Stocks (99.6%) | |||
Electric Utilities (61.7%) | |||
NextEra Energy Inc. | 12,429,669 | 685,993 | |
Southern Co. | 6,607,178 | 444,333 | |
Duke Energy Corp. | 4,669,110 | 428,764 | |
Constellation Energy Corp. | 1,934,873 | 325,929 | |
American Electric Power Co. Inc. | 3,185,892 | 271,406 | |
Exelon Corp. | 6,030,549 | 216,135 | |
PG&E Corp. | 11,179,016 | 186,578 | |
Xcel Energy Inc. | 3,343,002 | 176,143 | |
Edison International | 2,323,741 | 158,061 | |
Entergy Corp. | 1,281,139 | 130,125 | |
Eversource Energy | 2,116,296 | 124,227 | |
FirstEnergy Corp. | 3,302,466 | 120,903 | |
PPL Corp. | 4,465,644 | 117,759 | |
NRG Energy Inc. | 1,367,726 | 75,663 | |
Alliant Energy Corp. | 1,545,932 | 73,818 | |
Evergy Inc. | 1,391,683 | 68,944 | |
Pinnacle West Capital Corp. | 686,984 | 46,942 | |
OGE Energy Corp. | 1,213,375 | 39,932 | |
IDACORP Inc. | 306,634 | 27,018 | |
Portland General Electric Co. | 612,631 | 24,609 | |
Otter Tail Corp. | 227,425 | 20,573 | |
ALLETE Inc. | 348,207 | 19,722 | |
PNM Resources Inc. | 494,001 | 18,036 | |
Avangrid Inc. | 468,630 | 14,589 | |
MGE Energy Inc. | 219,088 | 13,844 | |
Hawaiian Electric Industries Inc. | 667,451 | 8,130 | |
3,838,176 | |||
Gas Utilities (4.3%) | |||
Atmos Energy Corp. | 913,778 | 103,175 | |
UGI Corp. | 1,269,182 | 31,069 | |
National Fuel Gas Co. | 528,501 | 25,759 | |
New Jersey Resources Corp. | 592,400 | 24,650 | |
Southwest Gas Holdings Inc. | 346,586 | 23,620 |
Shares | Market Value• ($000) | ||
ONE Gas Inc. | 335,945 | 20,022 | |
Spire Inc. | 322,469 | 19,129 | |
Chesapeake Utilities Corp. | 131,201 | 13,386 | |
Northwest Natural Holding Co. | 222,910 | 8,190 | |
269,000 | |||
Independent Power and Renewable Electricity Producers (3.8%) | |||
Vistra Corp. | 2,057,851 | 112,235 | |
AES Corp. | 4,056,797 | 61,663 | |
Ormat Technologies Inc. (XNYS) | 329,087 | 21,440 | |
NextEra Energy Partners LP | 566,038 | 15,549 | |
Clearway Energy Inc. Class C | 498,833 | 10,875 | |
*,1 | Sunnova Energy International Inc. | 666,936 | 4,855 |
Clearway Energy Inc. Class A | 199,577 | 4,044 | |
* | Altus Power Inc. | 385,302 | 2,624 |
* | Montauk Renewables Inc. | 304,777 | 1,731 |
235,016 | |||
Multi-Utilities (25.9%) | |||
Sempra | 3,812,602 | 269,170 | |
Dominion Energy Inc. | 5,069,489 | 242,474 | |
Public Service Enterprise Group Inc. | 3,018,879 | 188,378 | |
Consolidated Edison Inc. | 2,091,394 | 182,390 | |
WEC Energy Group Inc. | 1,910,967 | 149,992 | |
DTE Energy Co. | 1,249,559 | 135,390 | |
Ameren Corp. | 1,592,976 | 113,404 | |
CMS Energy Corp. | 1,767,564 | 101,405 | |
CenterPoint Energy Inc. | 3,538,088 | 97,297 | |
NiSource Inc. | 2,710,006 | 70,623 | |
Black Hills Corp. | 411,918 | 21,432 | |
Northwestern Energy Group Inc. | 371,017 | 17,779 | |
Avista Corp. | 468,715 | 15,561 |
Shares | Market Value• ($000) | ||
Unitil Corp. | 97,468 | 4,967 | |
1,610,262 | |||
Water Utilities (3.9%) | |||
American Water Works Co. Inc. | 1,179,579 | 139,827 | |
Essential Utilities Inc. | 1,572,978 | 54,708 | |
California Water Service Group | 349,639 | 16,045 | |
American States Water Co. | 224,046 | 15,999 | |
SJW Group | 183,821 | 10,121 | |
Middlesex Water Co. | 107,788 | 5,486 | |
York Water Co. | 86,704 | 3,069 | |
245,255 | |||
Total Common Stocks (Cost $6,618,700) | 6,197,709 | ||
Temporary Cash Investments (0.1%) | |||
Money Market Fund (0.1%) | |||
2,3 | Vanguard Market Liquidity Fund, 5.400% (Cost $5,097) | 50,983 | 5,098 |
Total Investments (99.7%) (Cost $6,623,797) | 6,202,807 | ||
Other Assets and Liabilities—Net (0.3%) | 20,533 | ||
Net Assets (100.0%) | 6,223,340 | ||
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 $1,149,000. |
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 $1,105,000 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) |
CenterPoint Energy Inc. | 1/31/25 | CITNA | 7,865 | (5.311) | — | (3) |
PG&E Corp. | 8/30/24 | BANA | 18,359 | (5.326) | — | (80) |
— | (83) |
1 | Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/paid monthly. |
BANA—Bank of America, N.A. | |
CITNA—Citibank, N.A. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $6,618,700) | 6,197,709 |
Affiliated Issuers (Cost $5,097) | 5,098 |
Total Investments in Securities | 6,202,807 |
Investment in Vanguard | 195 |
Cash Collateral Pledged—Over-the-Counter Swap Contracts | 260 |
Receivables for Investment Securities Sold | 18,162 |
Receivables for Accrued Income | 33,782 |
Receivables for Capital Shares Issued | 849 |
Total Assets | 6,256,055 |
Liabilities | |
Due to Custodian | 2,318 |
Payables for Investment Securities Purchased | 27,906 |
Collateral for Securities on Loan | 1,105 |
Payables for Capital Shares Redeemed | 1,066 |
Payables to Vanguard | 237 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 83 |
Total Liabilities | 32,715 |
Net Assets | 6,223,340 |
1 Includes $1,149,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 6,836,516 |
Total Distributable Earnings (Loss) | (613,176) |
Net Assets | 6,223,340 |
ETF Shares—Net Assets | |
Applicable to 35,852,058 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 4,822,081 |
Net Asset Value Per Share—ETF Shares | $134.50 |
Admiral Shares—Net Assets | |
Applicable to 20,765,673 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,401,259 |
Net Asset Value Per Share—Admiral Shares | $67.48 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends | 108,775 |
Interest1 | 372 |
Securities Lending—Net | 60 |
Total Income | 109,207 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 68 |
Management and Administrative— ETF Shares | 2,048 |
Management and Administrative— Admiral Shares | 615 |
Marketing and Distribution— ETF Shares | 121 |
Marketing and Distribution— Admiral Shares | 37 |
Custodian Fees | 43 |
Shareholders’ Reports—ETF Shares | 110 |
Shareholders’ Reports—Admiral Shares | 11 |
Trustees’ Fees and Expenses | 2 |
Other Expenses | 9 |
Total Expenses | 3,064 |
Expenses Paid Indirectly | (1) |
Net Expenses | 3,063 |
Net Investment Income | 106,144 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 26,832 |
Swap Contracts | (1,033) |
Realized Net Gain (Loss) | 25,799 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | (116,519) |
Swap Contracts | (115) |
Change in Unrealized Appreciation (Depreciation) | (116,634) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 15,309 |
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 $372,000, ($3,000), less than $1,000, and $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $66,257,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 106,144 | 226,288 | |
Realized Net Gain (Loss) | 25,799 | 110,065 | |
Change in Unrealized Appreciation (Depreciation) | (116,634) | (1,338,131) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 15,309 | (1,001,778) | |
Distributions | |||
ETF Shares | (90,370) | (174,158) | |
Admiral Shares | (26,032) | (53,913) | |
Total Distributions | (116,402) | (228,071) | |
Capital Share Transactions | |||
ETF Shares | (167,703) | (13,355) | |
Admiral Shares | (23,899) | (147,955) | |
Net Increase (Decrease) from Capital Share Transactions | (191,602) | (161,310) | |
Total Increase (Decrease) | (292,695) | (1,391,159) | |
Net Assets | |||
Beginning of Period | 6,516,035 | 7,907,194 | |
End of Period | 6,223,340 | 6,516,035 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $136.43 | $161.46 | $149.52 | $129.35 | $139.09 | $119.32 |
Investment Operations | ||||||
Net Investment Income1 | 2.293 | 4.708 | 4.393 | 4.310 | 4.306 | 4.087 |
Net Realized and Unrealized Gain (Loss) on Investments | (1.699) | (25.005) | 11.897 | 20.048 | (9.802) | 19.562 |
Total from Investment Operations | .594 | (20.297) | 16.290 | 24.358 | (5.496) | 23.649 |
Distributions | ||||||
Dividends from Net Investment Income | (2.524) | (4.733) | (4.350) | (4.188) | (4.244) | (3.879) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.524) | (4.733) | (4.350) | (4.188) | (4.244) | (3.879) |
Net Asset Value, End of Period | $134.50 | $136.43 | $161.46 | $149.52 | $129.35 | $139.09 |
Total Return | 0.47% | -12.75% | 11.18% | 19.19% | -4.08% | 20.17% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $4,822 | $5,071 | $6,030 | $5,126 | $4,014 | $4,107 |
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 | 3.45% | 3.19% | 2.87% | 3.09% | 3.18% | 3.22% |
Portfolio Turnover Rate3 | 3% | 4% | 3% | 6% | 5% | 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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $68.45 | $81.00 | $75.01 | $64.89 | $69.78 | $59.86 |
Investment Operations | ||||||
Net Investment Income1 | 1.159 | 2.351 | 2.212 | 2.166 | 2.163 | 2.038 |
Net Realized and Unrealized Gain (Loss) on Investments | (.862) | (12.527) | 5.961 | 10.055 | (4.924) | 9.828 |
Total from Investment Operations | .297 | (10.176) | 8.173 | 12.221 | (2.761) | 11.866 |
Distributions | ||||||
Dividends from Net Investment Income | (1.267) | (2.374) | (2.183) | (2.101) | (2.129) | (1.946) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.267) | (2.374) | (2.183) | (2.101) | (2.129) | (1.946) |
Net Asset Value, End of Period | $67.48 | $68.45 | $81.00 | $75.01 | $64.89 | $69.78 |
Total Return2 | 0.46% | -12.73% | 11.22% | 19.22% | -4.05% | 20.19% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,401 | $1,445 | $1,877 | $1,582 | $1,281 | $1,266 |
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 | 3.47% | 3.17% | 2.88% | 3.10% | 3.18% | 3.22% |
Portfolio Turnover Rate4 | 3% | 4% | 3% | 6% | 5% | 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 29, 2024, 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 | 6,197,709 | — | — | 6,197,709 |
Temporary Cash Investments | 5,098 | — | — | 5,098 |
Total | 6,202,807 | — | — | 6,202,807 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Swap Contracts | — | 83 | — | 83 |
E. | As of February 29, 2024, 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 | 6,643,934 |
Gross Unrealized Appreciation | 394,938 |
Gross Unrealized Depreciation | (836,065) |
Net Unrealized Appreciation (Depreciation) | (441,127) |
F. | During the six months ended February 29, 2024, the fund purchased $161,685,000 of investment securities and sold $190,183,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $404,341,000 and $578,208,000, 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 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 412,389 | 3,133 | 791,370 | 5,346 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (580,092) | (4,450) | (804,725) | (5,525) | |
Net Increase (Decrease)—ETF Shares | (167,703) | (1,317) | (13,355) | (179) | |
Admiral Shares | |||||
Issued | 189,186 | 2,831 | 269,479 | 3,578 | |
Issued in Lieu of Cash Distributions | 19,701 | 295 | 41,299 | 562 | |
Redeemed | (232,786) | (3,474) | (458,733) | (6,200) | |
Net Increase (Decrease)—Admiral Shares | (23,899) | (348) | (147,955) | (2,060) |
H. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
I. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
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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 29, 2024 | |||
Beginning Account Value 8/31/2023 | Ending Account Value 2/29/2024 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Extended Duration Treasury Index Fund | |||
ETF Shares | $1,000.00 | $979.30 | $0.30 |
Institutional Shares | 1,000.00 | 979.10 | 0.30 |
Institutional Plus Shares | 1,000.00 | 979.10 | 0.20 |
Based on Hypothetical 5% Yearly Return | |||
Extended Duration Treasury Index Fund | |||
ETF Shares | $1,000.00 | $1,024.56 | $0.30 |
Institutional Shares | 1,000.00 | 1,024.56 | 0.30 |
Institutional Plus Shares | 1,000.00 | 1,024.66 | 0.20 |
15 - 20 Years | 0.3% |
20 - 25 Years | 51.9 |
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% | 2/15/44 | 26,800 | 10,439 | ||
United States Treasury Strip Coupon | 0.000% | 5/15/44 | 133,900 | 51,667 | ||
United States Treasury Strip Coupon | 0.000% | 8/15/44 | 184,811 | 70,546 | ||
United States Treasury Strip Coupon | 0.000% | 11/15/44 | 146,901 | 55,352 | ||
United States Treasury Strip Coupon | 0.000% | 2/15/45 | 188,708 | 70,382 | ||
United States Treasury Strip Coupon | 0.000% | 5/15/45 | 167,685 | 62,057 | ||
United States Treasury Strip Coupon | 0.000% | 8/15/45 | 154,486 | 56,568 | ||
United States Treasury Strip Coupon | 0.000% | 11/15/45 | 214,113 | 77,549 | ||
United States Treasury Strip Coupon | 0.000% | 2/15/46 | 175,159 | 62,784 | ||
United States Treasury Strip Coupon | 0.000% | 5/15/46 | 124,534 | 44,151 | ||
United States Treasury Strip Coupon | 0.000% | 8/15/46 | 149,135 | 52,325 | ||
United States Treasury Strip Coupon | 0.000% | 11/15/46 | 96,440 | 33,475 | ||
United States Treasury Strip Coupon | 0.000% | 2/15/47 | 202,845 | 69,633 | ||
United States Treasury Strip Coupon | 0.000% | 5/15/47 | 164,575 | 55,930 | ||
United States Treasury Strip Coupon | 0.000% | 8/15/47 | 143,140 | 48,108 | ||
United States Treasury Strip Coupon | 0.000% | 11/15/47 | 188,551 | 62,811 | ||
United States Treasury Strip Coupon | 0.000% | 2/15/48 | 176,573 | 58,145 | ||
United States Treasury Strip Coupon | 0.000% | 5/15/48 | 91,028 | 29,662 | ||
United States Treasury Strip Coupon | 0.000% | 8/15/48 | 135,821 | 43,940 | ||
United States Treasury Strip Coupon | 0.000% | 11/15/48 | 143,445 | 45,835 | ||
United States Treasury Strip Coupon | 0.000% | 2/15/49 | 160,554 | 50,838 | ||
United States Treasury Strip Coupon | 0.000% | 5/15/49 | 98,802 | 31,053 | ||
United States Treasury Strip Coupon | 0.000% | 8/15/49 | 191,284 | 59,627 | ||
United States Treasury Strip Coupon | 0.000% | 11/15/49 | 201,259 | 62,375 | ||
United States Treasury Strip Coupon | 0.000% | 2/15/50 | 144,722 | 44,570 | ||
United States Treasury Strip Coupon | 0.000% | 5/15/50 | 123,290 | 37,661 | ||
United States Treasury Strip Coupon | 0.000% | 8/15/50 | 237,653 | 71,983 | ||
United States Treasury Strip Coupon | 0.000% | 11/15/50 | 163,899 | 49,349 | ||
United States Treasury Strip Coupon | 0.000% | 2/15/51 | 253,759 | 75,810 | ||
United States Treasury Strip Coupon | 0.000% | 5/15/51 | 156,229 | 46,380 | ||
United States Treasury Strip Coupon | 0.000% | 8/15/51 | 156,650 | 46,236 | ||
United States Treasury Strip Coupon | 0.000% | 11/15/51 | 238,106 | 70,074 | ||
United States Treasury Strip Coupon | 0.000% | 2/15/52 | 179,800 | 52,900 | ||
United States Treasury Strip Coupon | 0.000% | 5/15/52 | 169,719 | 49,762 | ||
United States Treasury Strip Coupon | 0.000% | 8/15/52 | 177,763 | 51,982 | ||
United States Treasury Strip Coupon | 0.000% | 11/15/52 | 140,912 | 41,184 | ||
United States Treasury Strip Coupon | 0.000% | 2/15/53 | 40,815 | 11,801 | ||
United States Treasury Strip Coupon | 0.000% | 5/15/53 | 38,366 | 11,036 | ||
United States Treasury Strip Coupon | 0.000% | 8/15/53 | 10,197 | 2,930 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Strip Coupon | 0.000% | 11/15/53 | 1,717 | 491 | ||
United States Treasury Strip Coupon | 0.000% | 2/15/54 | 2,906 | 814 | ||
United States Treasury Strip Principal | 0.000% | 5/15/44 | 141,156 | 56,617 | ||
United States Treasury Strip Principal | 0.000% | 8/15/44 | 177,725 | 70,521 | ||
United States Treasury Strip Principal | 0.000% | 11/15/44 | 173,399 | 68,059 | ||
United States Treasury Strip Principal | 0.000% | 2/15/45 | 123,448 | 47,942 | ||
United States Treasury Strip Principal | 0.000% | 5/15/45 | 151,461 | 58,218 | ||
United States Treasury Strip Principal | 0.000% | 8/15/45 | 175,504 | 66,719 | ||
United States Treasury Strip Principal | 0.000% | 11/15/45 | 169,358 | 63,708 | ||
United States Treasury Strip Principal | 0.000% | 2/15/46 | 76,283 | 28,386 | ||
United States Treasury Strip Principal | 0.000% | 5/15/46 | 63,084 | 23,242 | ||
United States Treasury Strip Principal | 0.000% | 8/15/46 | 145,491 | 53,025 | ||
United States Treasury Strip Principal | 0.000% | 11/15/46 | 157,948 | 56,985 | ||
United States Treasury Strip Principal | 0.000% | 2/15/47 | 73,564 | 26,242 | ||
United States Treasury Strip Principal | 0.000% | 5/15/47 | 68,283 | 24,102 | ||
United States Treasury Strip Principal | 0.000% | 8/15/47 | 64,496 | 22,528 | ||
United States Treasury Strip Principal | 0.000% | 11/15/47 | 168,573 | 58,289 | ||
United States Treasury Strip Principal | 0.000% | 2/15/48 | 157,485 | 53,926 | ||
United States Treasury Strip Principal | 0.000% | 5/15/48 | 156,381 | 53,072 | ||
United States Treasury Strip Principal | 0.000% | 8/15/48 | 104,348 | 35,079 | ||
United States Treasury Strip Principal | 0.000% | 11/15/48 | 87,274 | 29,107 | ||
United States Treasury Strip Principal | 0.000% | 2/15/49 | 167,139 | 55,221 | ||
United States Treasury Strip Principal | 0.000% | 5/15/49 | 88,329 | 28,976 | ||
United States Treasury Strip Principal | 0.000% | 8/15/49 | 151,367 | 49,265 | ||
United States Treasury Strip Principal | 0.000% | 11/15/49 | 132,082 | 42,648 | ||
United States Treasury Strip Principal | 0.000% | 2/15/50 | 177,971 | 56,965 | ||
United States Treasury Strip Principal | 0.000% | 5/15/50 | 134,757 | 42,838 | ||
United States Treasury Strip Principal | 0.000% | 8/15/50 | 209,298 | 65,880 | ||
United States Treasury Strip Principal | 0.000% | 11/15/50 | 132,680 | 41,411 | ||
United States Treasury Strip Principal | 0.000% | 2/15/51 | 196,344 | 60,744 | ||
United States Treasury Strip Principal | 0.000% | 5/15/51 | 145,906 | 44,775 | ||
United States Treasury Strip Principal | 0.000% | 8/15/51 | 175,968 | 53,574 | ||
United States Treasury Strip Principal | 0.000% | 11/15/51 | 168,618 | 50,981 | ||
United States Treasury Strip Principal | 0.000% | 2/15/52 | 165,759 | 49,844 | ||
United States Treasury Strip Principal | 0.000% | 5/15/52 | 200,546 | 60,007 | ||
United States Treasury Strip Principal | 0.000% | 8/15/52 | 155,688 | 46,281 | ||
United States Treasury Strip Principal | 0.000% | 11/15/52 | 190,676 | 56,994 | ||
United States Treasury Strip Principal | 0.000% | 2/15/53 | 203,408 | 59,751 | ||
United States Treasury Strip Principal | 0.000% | 5/15/53 | 230,550 | 67,346 | ||
United States Treasury Strip Principal | 0.000% | 8/15/53 | 246,086 | 71,673 | ||
United States Treasury Strip Principal | 0.000% | 11/15/53 | 212,231 | 62,260 | ||
United States Treasury Strip Principal | 0.000% | 2/15/54 | 201,369 | 58,019 | ||
Total U.S. Government and Agency Obligations (Cost $4,885,753) | 3,951,435 |
Coupon | Shares | Market Value• ($000) | ||||
Temporary Cash Investments (0.0%) | ||||||
Money Market Fund (0.0%) | ||||||
1 | Vanguard Market Liquidity Fund (Cost $1,209) | 5.400% | 12,087 | 1,209 | ||
Total Investments (100.0%) (Cost $4,886,962) | 3,952,644 | |||||
Other Assets and Liabilities—Net (0.0%) | (772) | |||||
Net Assets (100%) | 3,951,872 |
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 $4,885,753) | 3,951,435 |
Affiliated Issuers (Cost $1,209) | 1,209 |
Total Investments in Securities | 3,952,644 |
Investment in Vanguard | 126 |
Cash | 1 |
Receivables for Investment Securities Sold | 111,218 |
Receivables for Accrued Income | 3 |
Receivables for Capital Shares Issued | 49 |
Total Assets | 4,064,041 |
Liabilities | |
Payables for Investment Securities Purchased | 112,064 |
Payables for Capital Shares Redeemed | 19 |
Payables to Vanguard | 86 |
Total Liabilities | 112,169 |
Net Assets | 3,951,872 |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 5,401,099 |
Total Distributable Earnings (Loss) | (1,449,227) |
Net Assets | 3,951,872 |
ETF Shares—Net Assets | |
Applicable to 41,100,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 3,097,821 |
Net Asset Value Per Share—ETF Shares | $75.37 |
Institutional Shares—Net Assets | |
Applicable to 27,966,608 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 636,815 |
Net Asset Value Per Share—Institutional Shares | $22.77 |
Institutional Plus Shares—Net Assets | |
Applicable to 3,800,277 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 217,236 |
Net Asset Value Per Share—Institutional Plus Shares | $57.16 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 76,690 |
Total Income | 76,690 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 37 |
Management and Administrative—ETF Shares | 616 |
Management and Administrative—Institutional Shares | 145 |
Management and Administrative—Institutional Plus Shares | 35 |
Marketing and Distribution—ETF Shares | 75 |
Marketing and Distribution—Institutional Shares | 10 |
Marketing and Distribution—Institutional Plus Shares | 2 |
Custodian Fees | 45 |
Shareholders’ Reports—ETF Shares | 55 |
Shareholders’ Reports—Institutional Shares | — |
Shareholders’ Reports—Institutional Plus Shares | — |
Trustees’ Fees and Expenses | 1 |
Other Expenses | 7 |
Total Expenses | 1,028 |
Net Investment Income | 75,662 |
Realized Net Gain (Loss) on Investment Securities Sold1,2 | (147,734) |
Change in Unrealized Appreciation (Depreciation) of Investment Securities1 | 77,244 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 5,172 |
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 $53,000, $3,000, less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $47,446,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 75,662 | 90,108 | |
Realized Net Gain (Loss) | (147,734) | (287,157) | |
Change in Unrealized Appreciation (Depreciation) | 77,244 | (241,159) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 5,172 | (438,208) | |
Distributions | |||
ETF Shares | (52,923) | (54,931) | |
Institutional Shares | (11,273) | (18,180) | |
Institutional Plus Shares | (4,205) | (7,725) | |
Total Distributions | (68,401) | (80,836) | |
Capital Share Transactions | |||
ETF Shares | 773,047 | 1,396,402 | |
Institutional Shares | 75,615 | 78,790 | |
Institutional Plus Shares | 4,205 | 7,725 | |
Net Increase (Decrease) from Capital Share Transactions | 852,867 | 1,482,917 | |
Total Increase (Decrease) | 789,638 | 963,873 | |
Net Assets | |||
Beginning of Period | 3,162,234 | 2,198,361 | |
End of Period | 3,951,872 | 3,162,234 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $78.52 | $96.31 | $140.69 | $163.11 | $146.43 | $113.39 |
Investment Operations | ||||||
Net Investment Income1 | 1.582 | 3.033 | 2.769 | 2.795 | 3.146 | 3.347 |
Net Realized and Unrealized Gain (Loss) on Investments2 | (3.258) | (18.048) | (44.418) | (17.061) | 18.113 | 32.972 |
Total from Investment Operations | (1.676) | (15.015) | (41.649) | (14.266) | 21.259 | 36.319 |
Distributions | ||||||
Dividends from Net Investment Income | (1.474) | (2.775) | (2.731) | (2.820) | (3.329) | (3.279) |
Distributions from Realized Capital Gains | — | — | — | (5.334) | (1.250) | — |
Total Distributions | (1.474) | (2.775) | (2.731) | (8.154) | (4.579) | (3.279) |
Net Asset Value, End of Period | $75.37 | $78.52 | $96.31 | $140.69 | $163.11 | $146.43 |
Total Return | -2.07% | -15.83% | -30.00% | -8.94% | 14.98% | 32.92% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $3,098 | $2,356 | $1,312 | $1,277 | $1,810 | $1,333 |
Ratio of Total Expenses to Average Net Assets | 0.06% | 0.06%3 | 0.06%3 | 0.06% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 4.33% | 3.56% | 2.33% | 1.93% | 2.06% | 2.87% |
Portfolio Turnover Rate4 | 12% | 24% | 15% | 23% | 17% | 20% |
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, $.03, $.03, $.07, $.07, and $.04. |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $23.72 | $29.09 | $42.50 | $49.27 | $44.24 | $34.25 |
Investment Operations | ||||||
Net Investment Income1 | .478 | .911 | .835 | .842 | .959 | 1.015 |
Net Realized and Unrealized Gain (Loss) on Investments2 | (.983) | (5.444) | (13.425) | (5.143) | 5.459 | 9.967 |
Total from Investment Operations | (.505) | (4.533) | (12.590) | (4.301) | 6.418 | 10.982 |
Distributions | ||||||
Dividends from Net Investment Income | (.445) | (.837) | (.820) | (.857) | (1.010) | (.992) |
Distributions from Realized Capital Gains | — | — | — | (1.612) | (.378) | — |
Total Distributions | (.445) | (.837) | (.820) | (2.469) | (1.388) | (.992) |
Net Asset Value, End of Period | $22.77 | $23.72 | $29.09 | $42.50 | $49.27 | $44.24 |
Total Return3 | -2.09% | -15.83% | -30.01% | -8.95% | 14.98% | 32.94% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $637 | $585 | $623 | $789 | $889 | $862 |
Ratio of Total Expenses to Average Net Assets | 0.06% | 0.06%4 | 0.06%4 | 0.06% | 0.06% | 0.06% |
Ratio of Net Investment Income to Average Net Assets | 4.34% | 3.52% | 2.29% | 1.96% | 2.10% | 2.88% |
Portfolio Turnover Rate5 | 12% | 24% | 15% | 23% | 17% | 20% |
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, $.00, $.02, $.02, and $.01. |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $59.55 | $73.04 | $106.68 | $123.70 | $111.06 | $85.99 |
Investment Operations | ||||||
Net Investment Income1 | 1.205 | 2.297 | 2.114 | 2.140 | 2.432 | 2.564 |
Net Realized and Unrealized Gain (Loss) on Investments2 | (2.472) | (13.672) | (33.676) | (12.941) | 13.716 | 25.015 |
Total from Investment Operations | (1.267) | (11.375) | (31.562) | (10.801) | 16.148 | 27.579 |
Distributions | ||||||
Dividends from Net Investment Income | (1.123) | (2.115) | (2.078) | (2.173) | (2.560) | (2.509) |
Distributions from Realized Capital Gains | — | — | — | (4.046) | (.948) | — |
Total Distributions | (1.123) | (2.115) | (2.078) | (6.219) | (3.508) | (2.509) |
Net Asset Value, End of Period | $57.16 | $59.55 | $73.04 | $106.68 | $123.70 | $111.06 |
Total Return3 | -2.09% | -15.82% | -29.98% | -8.95% | 15.02% | 32.95% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $217 | $222 | $264 | $505 | $689 | $780 |
Ratio of Total Expenses to Average Net Assets | 0.04% | 0.04%4 | 0.04%4 | 0.04% | 0.04% | 0.04% |
Ratio of Net Investment Income to Average Net Assets | 4.36% | 3.54% | 2.29% | 1.96% | 2.12% | 2.90% |
Portfolio Turnover Rate5 | 12% | 24% | 15% | 23% | 17% | 20% |
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, $.02, $.02, $.05, $.05, and $.03. |
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 | — | 3,951,435 | — | 3,951,435 |
Temporary Cash Investments | 1,209 | — | — | 1,209 |
Total | 1,209 | 3,951,435 | — | 3,952,644 |
Amount ($000) | |
Tax Cost | 4,894,082 |
Gross Unrealized Appreciation | 45,300 |
Gross Unrealized Depreciation | (986,738) |
Net Unrealized Appreciation (Depreciation) | (941,438) |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued1 | 1,100,220 | 15,375 | 1,607,800 | 18,950 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (327,173) | (4,275) | (211,398) | (2,575) | |
Net Increase (Decrease)—ETF Shares | 773,047 | 11,100 | 1,396,402 | 16,375 |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Institutional Shares | |||||
Issued1 | 78,767 | 3,488 | 159,637 | 6,318 | |
Issued in Lieu of Cash Distributions | 11,069 | 492 | 17,611 | 671 | |
Redeemed | (14,221) | (664) | (98,458) | (3,736) | |
Net Increase (Decrease)—Institutional Shares | 75,615 | 3,316 | 78,790 | 3,253 | |
Institutional Plus Shares | |||||
Issued1 | — | — | — | — | |
Issued in Lieu of Cash Distributions | 4,205 | 74 | 7,725 | 118 | |
Redeemed | — | — | — | — | |
Net Increase (Decrease)—Institutional Plus Shares | 4,205 | 74 | 7,725 | 118 |
1 | Includes purchase fees for fiscal 2024 and 2023 of $405,000 and $791,000, respectively (fund totals). |
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Who Are Deaf or Hard of Hearing > 800-749-7273
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Vanguard Marketing Corporation, Distributor.
![](https://capedge.com/proxy/N-CSRS/0001104659-24-056461/tm247931d4megcapindq8282i001.jpg)
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 | 31 |
• | 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 29, 2024 | |||
Beginning Account Value 8/31/2023 | Ending Account Value 2/29/2024 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Mega Cap Index Fund | |||
ETF Shares | $1,000.00 | $1,151.00 | $0.37 |
Institutional Shares | 1,000.00 | 1,151.00 | 0.32 |
Mega Cap Growth Index Fund | |||
ETF Shares | $1,000.00 | $1,182.90 | $0.38 |
Institutional Shares | 1,000.00 | 1,183.00 | 0.33 |
Mega Cap Value Index Fund | |||
ETF Shares | $1,000.00 | $1,103.70 | $0.37 |
Institutional Shares | 1,000.00 | 1,103.70 | 0.31 |
Based on Hypothetical 5% Yearly Return | |||
Mega Cap Index Fund | |||
ETF Shares | $1,000.00 | $1,024.52 | $0.35 |
Institutional Shares | 1,000.00 | 1,024.57 | 0.30 |
Mega Cap Growth Index Fund | |||
ETF Shares | $1,000.00 | $1,024.52 | $0.35 |
Institutional Shares | 1,000.00 | 1,024.57 | 0.30 |
Mega Cap Value Index Fund | |||
ETF Shares | $1,000.00 | $1,024.52 | $0.35 |
Institutional Shares | 1,000.00 | 1,024.57 | 0.30 |
Basic Materials | 1.2% |
Consumer Discretionary | 14.5 |
Consumer Staples | 4.8 |
Energy | 3.6 |
Financials | 9.7 |
Health Care | 12.4 |
Industrials | 10.1 |
Real Estate | 1.2 |
Technology | 39.0 |
Telecommunications | 2.0 |
Utilities | 1.5 |
Shares | Market Value• ($000) | ||
Common Stocks (99.7%) | |||
Basic Materials (1.2%) | |||
Linde plc | 72,500 | 32,540 | |
Ecolab Inc. | 38,361 | 8,625 | |
Freeport-McMoRan Inc. | 214,422 | 8,107 | |
Air Products and Chemicals Inc. | 33,226 | 7,776 | |
Dow Inc. | 104,861 | 5,860 | |
Newmont Corp. (XNYS) | 86,108 | 2,691 | |
65,599 | |||
Consumer Discretionary (14.5%) | |||
* | Amazon.com Inc. | 1,390,666 | 245,814 |
* | Tesla Inc. | 404,018 | 81,563 |
Home Depot Inc. | 148,806 | 56,637 | |
Costco Wholesale Corp. | 66,208 | 49,252 | |
* | Netflix Inc. | 65,442 | 39,456 |
Walmart Inc. | 664,031 | 38,919 | |
McDonald's Corp. | 108,455 | 31,699 | |
Walt Disney Co. | 273,673 | 30,536 | |
* | Uber Technologies Inc. | 292,311 | 23,239 |
Lowe's Cos. Inc. | 85,966 | 20,689 | |
NIKE Inc. Class B | 183,021 | 19,021 | |
* | Booking Holdings Inc. | 5,206 | 18,059 |
TJX Cos. Inc. | 171,053 | 16,958 | |
Starbucks Corp. | 169,839 | 16,118 | |
Target Corp. | 69,030 | 10,556 | |
* | O'Reilly Automotive Inc. | 8,835 | 9,607 |
Marriott International Inc. Class A | 37,326 | 9,327 | |
* | Airbnb Inc. Class A | 55,281 | 8,705 |
General Motors Co. | 205,029 | 8,402 | |
* | Lululemon Athletica Inc. | 17,263 | 8,063 |
Ross Stores Inc. | 50,681 | 7,550 | |
Ford Motor Co. | 587,679 | 7,311 | |
Yum! Brands Inc. | 41,926 | 5,803 | |
* | Chipotle Mexican Grill Inc. | 2,060 | 5,539 |
Estee Lauder Cos. Inc. Class A | 33,000 | 4,903 | |
* | AutoZone Inc. | 1,315 | 3,953 |
Hilton Worldwide Holdings Inc. | 19,169 | 3,917 | |
Electronic Arts Inc. | 20,111 | 2,805 | |
Las Vegas Sands Corp. | 28,331 | 1,545 | |
785,946 | |||
Consumer Staples (4.7%) | |||
Procter & Gamble Co. | 352,405 | 56,011 | |
Coca-Cola Co. | 581,792 | 34,919 | |
PepsiCo Inc. | 205,564 | 33,988 |
Shares | Market Value• ($000) | ||
Philip Morris International Inc. | 232,129 | 20,882 | |
Mondelez International Inc. Class A | 203,497 | 14,869 | |
CVS Health Corp. | 192,430 | 14,311 | |
Altria Group Inc. | 264,440 | 10,818 | |
Colgate-Palmolive Co. | 123,127 | 10,653 | |
McKesson Corp. | 19,905 | 10,379 | |
* | Monster Beverage Corp. | 108,956 | 6,439 |
Kimberly-Clark Corp. | 50,539 | 6,124 | |
Sysco Corp. | 75,434 | 6,108 | |
Constellation Brands Inc. Class A | 23,353 | 5,804 | |
General Mills Inc. | 86,922 | 5,579 | |
Kenvue Inc. | 257,685 | 4,896 | |
Keurig Dr Pepper Inc. | 146,360 | 4,378 | |
Hershey Co. | 22,419 | 4,213 | |
Kraft Heinz Co. | 119,222 | 4,206 | |
Archer-Daniels-Midland Co. | 39,857 | 2,117 | |
256,694 | |||
Energy (3.5%) | |||
Exxon Mobil Corp. | 599,033 | 62,611 | |
Chevron Corp. | 268,161 | 40,763 | |
ConocoPhillips | 177,462 | 19,972 | |
Schlumberger NV | 212,858 | 10,287 | |
EOG Resources Inc. | 87,211 | 9,982 | |
Marathon Petroleum Corp. | 56,797 | 9,612 | |
Phillips 66 | 65,786 | 9,375 | |
Pioneer Natural Resources Co. | 34,884 | 8,204 | |
Valero Energy Corp. | 50,923 | 7,204 | |
Occidental Petroleum Corp. | 98,523 | 5,972 | |
Kinder Morgan Inc. | 282,644 | 4,915 | |
Williams Cos. Inc. | 91,025 | 3,271 | |
192,168 | |||
Financials (9.7%) | |||
* | Berkshire Hathaway Inc. Class B | 254,312 | 104,115 |
JPMorgan Chase & Co. | 432,282 | 80,430 | |
Bank of America Corp. | 1,005,846 | 34,722 | |
Wells Fargo & Co. | 543,046 | 30,188 | |
S&P Global Inc. | 47,371 | 20,293 | |
Goldman Sachs Group Inc. | 48,754 | 18,968 | |
Progressive Corp. | 87,483 | 16,583 | |
BlackRock Inc. | 20,022 | 16,245 | |
Morgan Stanley | 184,044 | 15,835 | |
Chubb Ltd. | 61,041 | 15,362 | |
Citigroup Inc. | 271,683 | 15,076 |
Shares | Market Value• ($000) | ||
Marsh & McLennan Cos. Inc. | 73,707 | 14,909 | |
Charles Schwab Corp. | 211,955 | 14,154 | |
Blackstone Inc. | 106,238 | 13,579 | |
CME Group Inc. | 53,814 | 11,858 | |
Intercontinental Exchange Inc. | 85,570 | 11,845 | |
US Bancorp | 232,838 | 9,770 | |
KKR & Co. Inc. | 99,256 | 9,753 | |
Aon plc Class A (XNYS) | 28,439 | 8,986 | |
Moody's Corp. | 23,270 | 8,829 | |
PNC Financial Services Group Inc. | 59,566 | 8,768 | |
* | Berkshire Hathaway Inc. Class A | 13 | 8,015 |
Travelers Cos. Inc. | 34,148 | 7,545 | |
Aflac Inc. | 87,368 | 7,054 | |
Truist Financial Corp. | 199,443 | 6,977 | |
Bank of New York Mellon Corp. | 114,990 | 6,450 | |
MetLife Inc. | 82,999 | 5,788 | |
American International Group Inc. | 52,457 | 3,824 | |
525,921 | |||
Health Care (12.4%) | |||
Eli Lilly & Co. | 127,759 | 96,289 | |
UnitedHealth Group Inc. | 138,294 | 68,262 | |
Johnson & Johnson | 359,942 | 58,088 | |
Merck & Co. Inc. | 378,898 | 48,177 | |
AbbVie Inc. | 263,983 | 46,474 | |
Thermo Fisher Scientific Inc. | 57,772 | 32,941 | |
Abbott Laboratories | 259,581 | 30,797 | |
Danaher Corp. | 99,428 | 25,169 | |
Pfizer Inc. | 844,281 | 22,424 | |
Amgen Inc. | 80,012 | 21,910 | |
* | Intuitive Surgical Inc. | 52,633 | 20,295 |
Stryker Corp. | 51,120 | 17,845 | |
Elevance Health Inc. | 35,148 | 17,618 | |
Medtronic plc | 198,888 | 16,579 | |
* | Vertex Pharmaceuticals Inc. | 38,517 | 16,206 |
Bristol-Myers Squibb Co. | 304,259 | 15,441 | |
Cigna Group | 43,762 | 14,710 | |
* | Regeneron Pharmaceuticals Inc. | 15,223 | 14,707 |
* | Boston Scientific Corp. | 219,034 | 14,502 |
Gilead Sciences Inc. | 186,314 | 13,433 | |
Zoetis Inc. | 61,786 | 12,254 | |
Becton Dickinson & Co. | 43,429 | 10,230 | |
HCA Healthcare Inc. | 30,014 | 9,355 | |
* | Edwards Lifesciences Corp. | 90,679 | 7,696 |
Humana Inc. | 18,390 | 6,442 | |
Agilent Technologies Inc. | 43,756 | 6,010 | |
* | IDEXX Laboratories Inc. | 6,217 | 3,576 |
* | Moderna Inc. | 25,724 | 2,373 |
* | Biogen Inc. | 10,853 | 2,355 |
672,158 | |||
Industrials (10.1%) | |||
Visa Inc. Class A | 236,325 | 66,795 | |
Mastercard Inc. Class A | 125,183 | 59,432 | |
Accenture plc Class A | 93,842 | 35,170 | |
General Electric Co. | 162,736 | 25,532 | |
Caterpillar Inc. | 76,113 | 25,419 | |
Union Pacific Corp. | 91,154 | 23,125 | |
Honeywell International Inc. | 98,568 | 19,588 | |
RTX Corp. | 215,005 | 19,280 |
Shares | Market Value• ($000) | ||
* | Boeing Co. | 90,455 | 18,427 |
American Express Co. | 81,777 | 17,944 | |
Eaton Corp. plc | 59,693 | 17,251 | |
United Parcel Service Inc. Class B (XNYS) | 108,139 | 16,033 | |
Lockheed Martin Corp. | 37,088 | 15,883 | |
Automatic Data Processing Inc. | 61,503 | 15,445 | |
Deere & Co. | 38,765 | 14,151 | |
* | Fiserv Inc. | 89,725 | 13,393 |
Sherwin-Williams Co. | 34,445 | 11,437 | |
Illinois Tool Works Inc. | 42,791 | 11,218 | |
CSX Corp. | 295,495 | 11,211 | |
Parker-Hannifin Corp. | 19,201 | 10,281 | |
General Dynamics Corp. | 36,724 | 10,035 | |
* | PayPal Holdings Inc. | 161,203 | 9,727 |
Trane Technologies plc | 34,031 | 9,596 | |
Northrop Grumman Corp. | 20,290 | 9,354 | |
Emerson Electric Co. | 85,235 | 9,107 | |
Norfolk Southern Corp. | 33,804 | 8,565 | |
FedEx Corp. | 33,825 | 8,421 | |
3M Co. | 82,596 | 7,609 | |
Capital One Financial Corp. | 54,083 | 7,442 | |
* | Block Inc. (XNYS) | 82,774 | 6,578 |
Paychex Inc. | 48,610 | 5,961 | |
Johnson Controls International plc | 50,961 | 3,020 | |
L3Harris Technologies Inc. | 14,204 | 3,006 | |
PPG Industries Inc. | 17,675 | 2,503 | |
547,939 | |||
Real Estate (1.2%) | |||
Prologis Inc. | 138,127 | 18,408 | |
American Tower Corp. | 69,710 | 13,862 | |
Equinix Inc. | 14,043 | 12,482 | |
Crown Castle Inc. | 64,855 | 7,130 | |
Public Storage | 23,662 | 6,717 | |
Simon Property Group Inc. | 23,186 | 3,435 | |
62,034 | |||
Technology (38.9%) | |||
Microsoft Corp. | 1,111,304 | 459,680 | |
Apple Inc. | 2,209,269 | 399,325 | |
NVIDIA Corp. | 350,859 | 277,571 | |
Meta Platforms Inc. Class A | 331,889 | 162,669 | |
* | Alphabet Inc. Class A | 880,015 | 121,847 |
* | Alphabet Inc. Class C | 732,463 | 102,384 |
Broadcom Inc. | 66,361 | 86,302 | |
* | Advanced Micro Devices Inc. | 241,549 | 46,505 |
* | Salesforce Inc. | 138,207 | 42,681 |
* | Adobe Inc. | 68,069 | 38,138 |
Oracle Corp. | 245,757 | 27,446 | |
Intel Corp. | 630,388 | 27,138 | |
Intuit Inc. | 39,819 | 26,396 | |
QUALCOMM Inc. | 166,415 | 26,259 | |
International Business Machines Corp. | 136,527 | 25,262 | |
Applied Materials Inc. | 125,070 | 25,217 | |
* | ServiceNow Inc. | 30,659 | 23,648 |
Texas Instruments Inc. | 135,782 | 22,720 | |
Lam Research Corp. | 19,718 | 18,500 | |
Micron Technology Inc. | 164,170 | 14,875 | |
* | Palo Alto Networks Inc. | 47,152 | 14,643 |
Analog Devices Inc. | 74,190 | 14,231 | |
KLA Corp. | 20,321 | 13,865 | |
* | Synopsys Inc. | 22,736 | 13,044 |
Shares | Market Value• ($000) | ||
* | Cadence Design Systems Inc. | 40,673 | 12,380 |
* | Crowdstrike Holdings Inc. Class A | 33,785 | 10,951 |
* | Workday Inc. Class A | 30,951 | 9,120 |
Roper Technologies Inc. | 15,958 | 8,693 | |
* | Snowflake Inc. Class A | 44,352 | 8,351 |
* | Autodesk Inc. | 31,967 | 8,253 |
TE Connectivity Ltd. | 46,556 | 6,684 | |
Marvell Technology Inc. | 64,499 | 4,622 | |
Dell Technologies Inc. Class C | 38,017 | 3,599 | |
* | Fortinet Inc. | 48,805 | 3,373 |
Cognizant Technology Solutions Corp. Class A | 37,581 | 2,970 | |
2,109,342 | |||
Telecommunications (2.0%) | |||
Cisco Systems Inc. | 546,800 | 26,449 | |
Comcast Corp. Class A | 600,462 | 25,730 | |
Verizon Communications Inc. | 565,764 | 22,642 | |
AT&T Inc. | 1,069,140 | 18,101 | |
T-Mobile US Inc. | 77,823 | 12,708 | |
* | Charter Communications Inc. Class A | 14,376 | 4,225 |
109,855 | |||
Utilities (1.5%) | |||
NextEra Energy Inc. | 302,611 | 16,701 | |
Waste Management Inc. | 60,191 | 12,378 |
Shares | Market Value• ($000) | ||
Southern Co. | 163,204 | 10,975 | |
Duke Energy Corp. | 115,281 | 10,586 | |
Sempra | 94,093 | 6,643 | |
American Electric Power Co. Inc. | 77,035 | 6,563 | |
Dominion Energy Inc. | 125,117 | 5,984 | |
Republic Services Inc. | 30,629 | 5,624 | |
Exelon Corp. | 148,654 | 5,328 | |
80,782 | |||
Total Common Stocks (Cost $3,380,753) | 5,408,438 | ||
Temporary Cash Investments (0.1%) | |||
Money Market Fund (0.1%) | |||
1 | Vanguard Market Liquidity Fund, 5.400% (Cost $6,042) | 60,431 | 6,043 |
Total Investments (99.8%) (Cost $3,386,795) | 5,414,481 | ||
Other Assets and Liabilities—Net (0.2%) | 8,313 | ||
Net Assets (100%) | 5,422,794 | ||
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 2024 | 56 | 14,291 | 293 |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $3,380,753) | 5,408,438 |
Affiliated Issuers (Cost $6,042) | 6,043 |
Total Investments in Securities | 5,414,481 |
Investment in Vanguard | 160 |
Cash | 5 |
Cash Collateral Pledged—Futures Contracts | 620 |
Receivables for Accrued Income | 7,648 |
Receivables for Capital Shares Issued | 1 |
Variation Margin Receivable—Futures Contracts | 60 |
Total Assets | 5,422,975 |
Liabilities | |
Payables for Investment Securities Purchased | 38 |
Payables to Vanguard | 143 |
Total Liabilities | 181 |
Net Assets | 5,422,794 |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 3,481,478 |
Total Distributable Earnings (Loss) | 1,941,316 |
Net Assets | 5,422,794 |
ETF Shares—Net Assets | |
Applicable to 28,609,267 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 5,219,389 |
Net Asset Value Per Share—ETF Shares | $182.44 |
Institutional Shares—Net Assets | |
Applicable to 565,460 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 203,405 |
Net Asset Value Per Share—Institutional Shares | $359.72 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends | 35,447 |
Interest1 | 341 |
Securities Lending—Net | — |
Total Income | 35,788 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 54 |
Management and Administrative—ETF Shares | 1,361 |
Management and Administrative—Institutional Shares | 53 |
Marketing and Distribution—ETF Shares | 79 |
Marketing and Distribution—Institutional Shares | 3 |
Custodian Fees | 16 |
Shareholders’ Reports—ETF Shares | 60 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 2 |
Other Expenses | 8 |
Total Expenses | 1,636 |
Expenses Paid Indirectly | (1) |
Net Expenses | 1,635 |
Net Investment Income | 34,153 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 47,260 |
Futures Contracts | 2,471 |
Realized Net Gain (Loss) | 49,731 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 623,316 |
Futures Contracts | 213 |
Change in Unrealized Appreciation (Depreciation) | 623,529 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 707,413 |
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 $322,000, ($1,000), less than $1,000, and ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $54,211,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 34,153 | 62,926 | |
Realized Net Gain (Loss) | 49,731 | 174,489 | |
Change in Unrealized Appreciation (Depreciation) | 623,529 | 428,447 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 707,413 | 665,862 | |
Distributions | |||
ETF Shares | (34,014) | (59,377) | |
Institutional Shares | (1,522) | (2,876) | |
Total Distributions | (35,536) | (62,253) | |
Capital Share Transactions | |||
ETF Shares | 336,653 | (39,050) | |
Institutional Shares | (26,004) | (2,982) | |
Net Increase (Decrease) from Capital Share Transactions | 310,649 | (42,032) | |
Total Increase (Decrease) | 982,526 | 561,577 | |
Net Assets | |||
Beginning of Period | 4,440,268 | 3,878,691 | |
End of Period | 5,422,794 | 4,440,268 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $159.74 | $137.84 | $160.74 | $125.47 | $101.36 | $100.26 |
Investment Operations | ||||||
Net Investment Income1 | 1.187 | 2.268 | 2.109 | 1.961 | 1.992 | 2.045 |
Net Realized and Unrealized Gain (Loss) on Investments | 22.759 | 21.869 | (22.957) | 35.218 | 24.065 | 1.052 |
Total from Investment Operations | 23.946 | 24.137 | (20.848) | 37.179 | 26.057 | 3.097 |
Distributions | ||||||
Dividends from Net Investment Income | (1.246) | (2.237) | (2.052) | (1.908) | (1.947) | (1.997) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.246) | (2.237) | (2.052) | (1.908) | (1.947) | (1.997) |
Net Asset Value, End of Period | $182.44 | $159.74 | $137.84 | $160.74 | $125.47 | $101.36 |
Total Return | 15.10% | 17.79% | -13.09% | 29.94% | 26.14% | 3.26% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $5,219 | $4,237 | $3,701 | $4,288 | $3,036 | $1,944 |
Ratio of Total Expenses to Average Net Assets | 0.07%2 | 0.07%2 | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.41% | 1.59% | 1.38% | 1.41% | 1.85% | 2.10% |
Portfolio Turnover Rate3 | 1% | 2% | 3% | 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 0.07%. |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $314.96 | $271.77 | $316.94 | $247.38 | $199.84 | $197.68 |
Investment Operations | ||||||
Net Investment Income1 | 2.331 | 4.499 | 4.199 | 3.882 | 3.943 | 4.053 |
Net Realized and Unrealized Gain (Loss) on Investments | 44.899 | 43.129 | (45.292) | 69.463 | 47.454 | 2.062 |
Total from Investment Operations | 47.230 | 47.628 | (41.093) | 73.345 | 51.397 | 6.115 |
Distributions | ||||||
Dividends from Net Investment Income | (2.470) | (4.438) | (4.077) | (3.785) | (3.857) | (3.955) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.470) | (4.438) | (4.077) | (3.785) | (3.857) | (3.955) |
Net Asset Value, End of Period | $359.72 | $314.96 | $271.77 | $316.94 | $247.38 | $199.84 |
Total Return | 15.10% | 17.81% | -13.07% | 29.97% | 26.19% | 3.25% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $203 | $203 | $178 | $190 | $180 | $150 |
Ratio of Total Expenses to Average Net Assets | 0.06%2 | 0.06%2 | 0.06% | 0.06% | 0.06% | 0.06% |
Ratio of Net Investment Income to Average Net Assets | 1.41% | 1.60% | 1.40% | 1.42% | 1.86% | 2.11% |
Portfolio Turnover Rate3 | 1% | 2% | 3% | 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 0.06%. |
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 29, 2024, 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 29, 2024, 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 | 3,387,817 |
Gross Unrealized Appreciation | 2,099,358 |
Gross Unrealized Depreciation | (72,401) |
Net Unrealized Appreciation (Depreciation) | 2,026,957 |
F. | During the six months ended February 29, 2024, the fund purchased $63,705,000 of investment securities and sold $85,434,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $419,764,000 and $89,651,000, 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 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 433,572 | 2,684 | 321,852 | 2,250 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (96,919) | (600) | (360,902) | (2,575) | |
Net Increase (Decrease)—ETF Shares | 336,653 | 2,084 | (39,050) | (325) |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Institutional Shares | |||||
Issued | 10,263 | 30 | 20,931 | 74 | |
Issued in Lieu of Cash Distributions | 1,521 | 5 | 2,865 | 10 | |
Redeemed | (37,788) | (115) | (26,778) | (93) | |
Net Increase (Decrease)—Institutional Shares | (26,004) | (80) | (2,982) | (9) |
H. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
I. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
Basic Materials | 1.4% |
Consumer Discretionary | 21.2 |
Consumer Staples | 0.4 |
Energy | 0.5 |
Financials | 1.6 |
Health Care | 7.2 |
Industrials | 7.3 |
Real Estate | 1.2 |
Technology | 58.7 |
Telecommunications | 0.5 |
Shares | Market Value• ($000) | ||
Common Stocks (99.8%) | |||
Basic Materials (1.4%) | |||
Linde plc | 451,776 | 202,766 | |
Ecolab Inc. | 259,815 | 58,417 | |
261,183 | |||
Consumer Discretionary (21.1%) | |||
* | Amazon.com Inc. | 8,054,540 | 1,423,720 |
* | Tesla Inc. | 2,468,100 | 498,260 |
Costco Wholesale Corp. | 409,643 | 304,729 | |
* | Netflix Inc. | 407,562 | 245,727 |
McDonald's Corp. | 675,095 | 197,317 | |
Walt Disney Co. | 1,713,985 | 191,246 | |
* | Uber Technologies Inc. | 1,861,956 | 148,026 |
NIKE Inc. Class B | 1,154,635 | 120,001 | |
* | Booking Holdings Inc. | 33,265 | 115,391 |
TJX Cos. Inc. | 1,095,079 | 108,566 | |
Starbucks Corp. | 1,082,303 | 102,711 | |
* | O'Reilly Automotive Inc. | 58,943 | 64,096 |
Marriott International Inc. Class A | 251,271 | 62,785 | |
* | Airbnb Inc. Class A | 373,723 | 58,850 |
* | Lululemon Athletica Inc. | 115,762 | 54,071 |
Ross Stores Inc. | 346,591 | 51,628 | |
Yum! Brands Inc. | 295,309 | 40,877 | |
* | Chipotle Mexican Grill Inc. | 14,802 | 39,799 |
Estee Lauder Cos. Inc. Class A | 239,908 | 35,646 | |
Hilton Worldwide Holdings Inc. | 147,047 | 30,045 | |
* | AutoZone Inc. | 9,991 | 30,033 |
Las Vegas Sands Corp. | 286,322 | 15,610 | |
3,939,134 | |||
Consumer Staples (0.4%) | |||
* | Monster Beverage Corp. | 755,153 | 44,629 |
Hershey Co. | 163,393 | 30,705 | |
75,334 | |||
Energy (0.5%) | |||
Pioneer Natural Resources Co. | 233,993 | 55,033 | |
Schlumberger NV | 745,297 | 36,020 | |
91,053 | |||
Financials (1.6%) | |||
S&P Global Inc. | 299,310 | 128,218 | |
Aon plc Class A (XNYS) | 188,381 | 59,527 | |
Moody's Corp. | 155,070 | 58,837 |
Shares | Market Value• ($000) | ||
Blackstone Inc. | 367,916 | 47,027 | |
293,609 | |||
Health Care (7.2%) | |||
Eli Lilly & Co. | 782,453 | 589,719 | |
* | Intuitive Surgical Inc. | 335,494 | 129,366 |
Thermo Fisher Scientific Inc. | 185,550 | 105,797 | |
* | Vertex Pharmaceuticals Inc. | 248,340 | 104,487 |
Zoetis Inc. | 403,590 | 80,044 | |
* | Boston Scientific Corp. | 1,120,424 | 74,183 |
Stryker Corp. | 172,532 | 60,226 | |
* | Edwards Lifesciences Corp. | 626,461 | 53,168 |
* | Regeneron Pharmaceuticals Inc. | 52,560 | 50,778 |
Agilent Technologies Inc. | 305,551 | 41,970 | |
* | IDEXX Laboratories Inc. | 48,571 | 27,939 |
* | Moderna Inc. | 221,647 | 20,445 |
1,338,122 | |||
Industrials (7.3%) | |||
Visa Inc. Class A | 1,451,484 | 410,248 | |
Mastercard Inc. Class A | 770,786 | 365,938 | |
Accenture plc Class A | 583,783 | 218,790 | |
* | Boeing Co. | 570,274 | 116,176 |
Sherwin-Williams Co. | 227,290 | 75,467 | |
Automatic Data Processing Inc. | 208,895 | 52,460 | |
* | Block Inc. (XNYS) | 582,493 | 46,291 |
Paychex Inc. | 337,027 | 41,326 | |
* | PayPal Holdings Inc. | 576,727 | 34,800 |
1,361,496 | |||
Real Estate (1.2%) | |||
American Tower Corp. | 447,138 | 88,918 | |
Equinix Inc. | 91,409 | 81,246 | |
Public Storage | 163,145 | 46,312 | |
216,476 | |||
Technology (58.6%) | |||
Microsoft Corp. | 6,584,630 | 2,723,666 | |
Apple Inc. | 13,094,278 | 2,366,791 | |
NVIDIA Corp. | 1,721,752 | 1,362,112 | |
Meta Platforms Inc. Class A | 2,025,492 | 992,754 | |
* | Alphabet Inc. Class A | 5,135,138 | 711,011 |
* | Alphabet Inc. Class C | 4,222,472 | 590,217 |
* | Advanced Micro Devices Inc. | 1,505,973 | 289,945 |
* | Salesforce Inc. | 857,087 | 264,686 |
Shares | Market Value• ($000) | ||
* | Adobe Inc. | 420,788 | 235,759 |
Intuit Inc. | 250,216 | 165,866 | |
Applied Materials Inc. | 792,154 | 159,714 | |
* | ServiceNow Inc. | 193,237 | 149,051 |
Texas Instruments Inc. | 856,227 | 143,273 | |
Lam Research Corp. | 126,624 | 118,805 | |
* | Palo Alto Networks Inc. | 303,295 | 94,188 |
KLA Corp. | 132,699 | 90,541 | |
* | Synopsys Inc. | 147,360 | 84,545 |
* | Cadence Design Systems Inc. | 265,847 | 80,919 |
* | Crowdstrike Holdings Inc. Class A | 227,163 | 73,635 |
* | Workday Inc. Class A | 206,781 | 60,930 |
* | Autodesk Inc. | 217,043 | 56,034 |
* | Snowflake Inc. Class A | 297,065 | 55,931 |
Marvell Technology Inc. | 490,783 | 35,170 | |
* | Fortinet Inc. | 396,296 | 27,388 |
10,932,931 | |||
Telecommunications (0.5%) | |||
T-Mobile US Inc. | 505,856 | 82,606 | |
* | Charter Communications Inc. Class A | 56,718 | 16,671 |
99,277 | |||
Total Common Stocks (Cost $12,774,741) | 18,608,615 |
Shares | Market Value• ($000) | ||
Temporary Cash Investments (0.1%) | |||
Money Market Fund (0.1%) | |||
1 | Vanguard Market Liquidity Fund, 5.400% (Cost $25,315) | 253,207 | 25,318 |
Total Investments (99.9%) (Cost $12,800,056) | 18,633,933 | ||
Other Assets and Liabilities—Net (0.1%) | 14,062 | ||
Net Assets (100%) | 18,647,995 | ||
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 2024 | 46 | 16,636 | 627 |
E-mini S&P 500 Index | March 2024 | 9 | 2,297 | 29 |
656 |
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) |
Boston Scientific Corp. | 8/30/24 | BANA | 19,863 | (5.326) | — | (81) |
1 | Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/paid monthly. |
BANA—Bank of America, N.A. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $12,774,741) | 18,608,615 |
Affiliated Issuers (Cost $25,315) | 25,318 |
Total Investments in Securities | 18,633,933 |
Investment in Vanguard | 542 |
Cash Collateral Pledged—Futures Contracts | 875 |
Receivables for Investment Securities Sold | 885 |
Receivables for Accrued Income | 12,115 |
Receivables for Capital Shares Issued | 203 |
Variation Margin Receivable—Futures Contracts | 155 |
Total Assets | 18,648,708 |
Liabilities | |
Payables for Investment Securities Purchased | 138 |
Payables for Capital Shares Redeemed | 2 |
Payables to Vanguard | 492 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 81 |
Total Liabilities | 713 |
Net Assets | 18,647,995 |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 13,296,485 |
Total Distributable Earnings (Loss) | 5,351,510 |
Net Assets | 18,647,995 |
ETF Shares—Net Assets | |
Applicable to 65,414,192 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 18,611,335 |
Net Asset Value Per Share—ETF Shares | $284.52 |
Institutional Shares—Net Assets | |
Applicable to 64,866 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 36,660 |
Net Asset Value Per Share—Institutional Shares | $565.17 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends | 50,737 |
Interest1 | 903 |
Total Income | 51,640 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 180 |
Management and Administrative—ETF Shares | 4,751 |
Management and Administrative—Institutional Shares | 9 |
Marketing and Distribution—ETF Shares | 350 |
Marketing and Distribution—Institutional Shares | — |
Custodian Fees | 17 |
Shareholders’ Reports—ETF Shares | 149 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 6 |
Other Expenses | 8 |
Total Expenses | 5,470 |
Expenses Paid Indirectly | (1) |
Net Expenses | 5,469 |
Net Investment Income | 46,171 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 399,349 |
Futures Contracts | 3,420 |
Swap Contracts | 4,335 |
Realized Net Gain (Loss) | 407,104 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 2,351,106 |
Futures Contracts | (9) |
Swap Contracts | (81) |
Change in Unrealized Appreciation (Depreciation) | 2,351,016 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 2,804,291 |
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 $869,000, less than $1,000, less than $1,000, and $2,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $450,592,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 46,171 | 71,553 | |
Realized Net Gain (Loss) | 407,104 | 710,769 | |
Change in Unrealized Appreciation (Depreciation) | 2,351,016 | 1,955,324 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 2,804,291 | 2,737,646 | |
Distributions | |||
ETF Shares | (46,381) | (70,975) | |
Institutional Shares | (97) | (170) | |
Total Distributions | (46,478) | (71,145) | |
Capital Share Transactions | |||
ETF Shares | 1,483,001 | 547,536 | |
Institutional Shares | (635) | (1,174) | |
Net Increase (Decrease) from Capital Share Transactions | 1,482,366 | 546,362 | |
Total Increase (Decrease) | 4,240,179 | 3,212,863 | |
Net Assets | |||
Beginning of Period | 14,407,816 | 11,194,953 | |
End of Period | 18,647,995 | 14,407,816 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $241.25 | $195.20 | $248.50 | $196.25 | $132.22 | $127.79 |
Investment Operations | ||||||
Net Investment Income1 | .738 | 1.248 | 1.151 | 1.220 | 1.358 | 1.588 |
Net Realized and Unrealized Gain (Loss) on Investments | 43.277 | 46.044 | (53.389) | 52.279 | 64.007 | 3.860 |
Total from Investment Operations | 44.015 | 47.292 | (52.238) | 53.499 | 65.365 | 5.448 |
Distributions | ||||||
Dividends from Net Investment Income | (.745) | (1.242) | (1.062) | (1.249) | (1.335) | (1.018) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.745) | (1.242) | (1.062) | (1.249) | (1.335) | (1.018) |
Net Asset Value, End of Period | $284.52 | $241.25 | $195.20 | $248.50 | $196.25 | $132.22 |
Total Return | 18.29% | 24.39% | -21.08% | 27.41% | 49.84% | 4.32% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $18,611 | $14,376 | $11,168 | $12,714 | $10,193 | $4,388 |
Ratio of Total Expenses to Average Net Assets | 0.07%2 | 0.07%2 | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 0.55% | 0.62% | 0.51% | 0.58% | 0.90% | 1.30% |
Portfolio Turnover Rate3 | 5% | 7% | 5% | 8% | 6% | 14% |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $479.23 | $387.74 | $493.61 | $389.78 | $262.63 | $253.80 |
Investment Operations | ||||||
Net Investment Income1 | 1.472 | 2.517 | 2.279 | 2.498 | 2.707 | 3.184 |
Net Realized and Unrealized Gain (Loss) on Investments | 85.968 | 91.475 | (106.001) | 103.822 | 127.126 | 7.684 |
Total from Investment Operations | 87.440 | 93.992 | (103.722) | 106.320 | 129.833 | 10.868 |
Distributions | ||||||
Dividends from Net Investment Income | (1.500) | (2.502) | (2.148) | (2.489) | (2.683) | (2.038) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.500) | (2.502) | (2.148) | (2.489) | (2.683) | (2.038) |
Net Asset Value, End of Period | $565.17 | $479.23 | $387.74 | $493.61 | $389.78 | $262.63 |
Total Return | 18.30% | 24.41% | -21.07% | 27.43% | 49.87% | 4.34% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $37 | $32 | $27 | $46 | $81 | $43 |
Ratio of Total Expenses to Average Net Assets | 0.06%2 | 0.06%2 | 0.06% | 0.06% | 0.06% | 0.06% |
Ratio of Net Investment Income to Average Net Assets | 0.55% | 0.63% | 0.50% | 0.62% | 0.91% | 1.31% |
Portfolio Turnover Rate3 | 5% | 7% | 5% | 8% | 6% | 14% |
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 29, 2024, 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 | 18,608,615 | — | — | 18,608,615 |
Temporary Cash Investments | 25,318 | — | — | 25,318 |
Total | 18,633,933 | — | — | 18,633,933 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 656 | — | — | 656 |
Liabilities | ||||
Swap Contracts | — | 81 | — | 81 |
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 29, 2024, 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 | 12,806,074 |
Gross Unrealized Appreciation | 6,028,822 |
Gross Unrealized Depreciation | (200,307) |
Net Unrealized Appreciation (Depreciation) | 5,828,515 |
F. | During the six months ended February 29, 2024, the fund purchased $813,861,000 of investment securities and sold $759,806,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $2,341,555,000 and $918,404,000, 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 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 2,405,688 | 9,625 | 2,798,222 | 13,950 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (922,687) | (3,800) | (2,250,686) | (11,575) | |
Net Increase (Decrease)—ETF Shares | 1,483,001 | 5,825 | 547,536 | 2,375 | |
Institutional Shares | |||||
Issued | 1,648 | 4 | 1,823 | 5 | |
Issued in Lieu of Cash Distributions | 96 | — | 170 | — | |
Redeemed | (2,379) | (5) | (3,167) | (8) | |
Net Increase (Decrease)—Institutional Shares | (635) | (1) | (1,174) | (3) |
H. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
I. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
Basic Materials | 1.1% |
Consumer Discretionary | 6.3 |
Consumer Staples | 10.6 |
Energy | 7.7 |
Financials | 20.7 |
Health Care | 19.9 |
Industrials | 14.3 |
Real Estate | 1.3 |
Technology | 10.5 |
Telecommunications | 4.1 |
Utilities | 3.5 |
Shares | Market Value• ($000) | ||
Common Stocks (99.8%) | |||
Basic Materials (1.1%) | |||
Freeport-McMoRan Inc. | 652,999 | 24,690 | |
Air Products and Chemicals Inc. | 101,195 | 23,684 | |
Dow Inc. | 319,425 | 17,849 | |
Newmont Corp. (XNYS) | 262,591 | 8,206 | |
74,429 | |||
Consumer Discretionary (6.3%) | |||
Home Depot Inc. | 453,231 | 172,504 | |
Walmart Inc. | 2,022,390 | 118,532 | |
Lowe's Cos. Inc. | 261,847 | 63,019 | |
Target Corp. | 210,239 | 32,150 | |
General Motors Co. | 623,611 | 25,555 | |
Ford Motor Co. | 1,790,587 | 22,275 | |
Electronic Arts Inc. | 61,141 | 8,528 | |
Dollar General Corp. | 7 | 1 | |
442,564 | |||
Consumer Staples (10.6%) | |||
Procter & Gamble Co. | 1,073,260 | 170,584 | |
Coca-Cola Co. | 1,771,886 | 106,349 | |
PepsiCo Inc. | 626,083 | 103,517 | |
Philip Morris International Inc. | 706,935 | 63,596 | |
Mondelez International Inc. Class A | 619,639 | 45,277 | |
CVS Health Corp. | 585,983 | 43,579 | |
Altria Group Inc. | 805,354 | 32,947 | |
Colgate-Palmolive Co. | 374,938 | 32,440 | |
McKesson Corp. | 60,599 | 31,597 | |
Kimberly-Clark Corp. | 153,913 | 18,650 | |
Sysco Corp. | 229,701 | 18,599 | |
Constellation Brands Inc. Class A | 71,088 | 17,667 | |
General Mills Inc. | 264,766 | 16,993 | |
Kenvue Inc. | 784,870 | 14,912 | |
Keurig Dr Pepper Inc. | 446,102 | 13,343 | |
Kraft Heinz Co. | 363,450 | 12,822 | |
Archer-Daniels-Midland Co. | 121,247 | 6,439 | |
749,311 | |||
Energy (7.7%) | |||
Exxon Mobil Corp. | 1,824,289 | 190,675 | |
Chevron Corp. | 816,650 | 124,139 | |
ConocoPhillips | 540,641 | 60,844 | |
EOG Resources Inc. | 265,531 | 30,393 | |
Marathon Petroleum Corp. | 172,893 | 29,259 | |
Phillips 66 | 200,324 | 28,548 | |
Valero Energy Corp. | 155,218 | 21,957 |
Shares | Market Value• ($000) | ||
Occidental Petroleum Corp. | 300,611 | 18,220 | |
Schlumberger NV | 324,070 | 15,662 | |
Kinder Morgan Inc. | 860,691 | 14,967 | |
Williams Cos. Inc. | 277,112 | 9,959 | |
544,623 | |||
Financials (20.7%) | |||
* | Berkshire Hathaway Inc. Class B | 707,967 | 289,842 |
JPMorgan Chase & Co. | 1,316,517 | 244,951 | |
Bank of America Corp. | 3,063,114 | 105,739 | |
Wells Fargo & Co. | 1,653,750 | 91,932 | |
Goldman Sachs Group Inc. | 148,496 | 57,772 | |
* | Berkshire Hathaway Inc. Class A | 82 | 50,558 |
Progressive Corp. | 266,478 | 50,514 | |
BlackRock Inc. | 60,958 | 49,458 | |
Morgan Stanley | 560,466 | 48,223 | |
Chubb Ltd. | 185,741 | 46,746 | |
Citigroup Inc. | 827,901 | 45,940 | |
Marsh & McLennan Cos. Inc. | 224,503 | 45,410 | |
Charles Schwab Corp. | 645,452 | 43,103 | |
CME Group Inc. | 163,923 | 36,120 | |
Intercontinental Exchange Inc. | 260,636 | 36,077 | |
US Bancorp | 709,016 | 29,750 | |
KKR & Co. Inc. | 302,253 | 29,699 | |
Travelers Cos. Inc. | 103,981 | 22,976 | |
Aflac Inc. | 266,116 | 21,486 | |
Truist Financial Corp. | 608,009 | 21,268 | |
PNC Financial Services Group Inc. | 144,388 | 21,254 | |
Blackstone Inc. | 161,788 | 20,680 | |
Bank of New York Mellon Corp. | 350,194 | 19,642 | |
MetLife Inc. | 252,776 | 17,629 | |
American International Group Inc. | 159,803 | 11,648 | |
1,458,417 | |||
Health Care (19.8%) | |||
UnitedHealth Group Inc. | 421,204 | 207,906 | |
Johnson & Johnson | 1,096,245 | 176,912 | |
Merck & Co. Inc. | 1,153,964 | 146,727 | |
AbbVie Inc. | 804,002 | 141,545 | |
Abbott Laboratories | 790,570 | 93,793 | |
Danaher Corp. | 302,862 | 76,666 | |
Pfizer Inc. | 2,571,314 | 68,294 | |
Amgen Inc. | 243,711 | 66,735 | |
Elevance Health Inc. | 107,000 | 53,634 |
Shares | Market Value• ($000) | ||
Medtronic plc | 605,822 | 50,501 | |
Thermo Fisher Scientific Inc. | 87,954 | 50,150 | |
Bristol-Myers Squibb Co. | 926,512 | 47,020 | |
Cigna Group | 133,241 | 44,788 | |
Gilead Sciences Inc. | 567,449 | 40,913 | |
Becton Dickinson & Co. | 132,248 | 31,151 | |
HCA Healthcare Inc. | 91,423 | 28,497 | |
Stryker Corp. | 77,852 | 27,176 | |
* | Regeneron Pharmaceuticals Inc. | 23,169 | 22,383 |
Humana Inc. | 56,066 | 19,641 | |
* | Biogen Inc. | 33,029 | 7,167 |
1,401,599 | |||
Industrials (14.3%) | |||
General Electric Co. | 495,616 | 77,757 | |
Caterpillar Inc. | 231,827 | 77,421 | |
Union Pacific Corp. | 277,586 | 70,421 | |
Honeywell International Inc. | 300,213 | 59,661 | |
RTX Corp. | 654,789 | 58,715 | |
American Express Co. | 248,822 | 54,597 | |
Eaton Corp. plc | 181,871 | 52,561 | |
United Parcel Service Inc. Class B (XNYS) | 329,460 | 48,846 | |
Lockheed Martin Corp. | 112,963 | 48,375 | |
Deere & Co. | 118,024 | 43,085 | |
* | Fiserv Inc. | 273,235 | 40,786 |
CSX Corp. | 900,247 | 34,155 | |
Illinois Tool Works Inc. | 130,177 | 34,126 | |
Parker-Hannifin Corp. | 58,505 | 31,326 | |
General Dynamics Corp. | 111,836 | 30,559 | |
Trane Technologies plc | 103,657 | 29,228 | |
Northrop Grumman Corp. | 61,800 | 28,491 | |
Emerson Electric Co. | 259,596 | 27,738 | |
Norfolk Southern Corp. | 102,972 | 26,091 | |
FedEx Corp. | 103,029 | 25,651 | |
Automatic Data Processing Inc. | 93,649 | 23,518 | |
3M Co. | 251,520 | 23,170 | |
Capital One Financial Corp. | 164,910 | 22,693 | |
* | PayPal Holdings Inc. | 245,523 | 14,815 |
Johnson Controls International plc | 154,657 | 9,167 | |
L3Harris Technologies Inc. | 43,175 | 9,138 | |
PPG Industries Inc. | 53,629 | 7,594 | |
Otis Worldwide Corp. | 11 | 1 | |
1,009,686 | |||
Real Estate (1.2%) | |||
Prologis Inc. | 420,789 | 56,079 | |
Crown Castle Inc. | 197,473 | 21,710 | |
Simon Property Group Inc. | 70,599 | 10,458 | |
88,247 | |||
Technology (10.5%) | |||
Broadcom Inc. | 202,094 | 262,821 | |
Oracle Corp. | 748,475 | 83,590 |
Shares | Market Value• ($000) | ||
Intel Corp. | 1,919,912 | 82,652 | |
QUALCOMM Inc. | 506,851 | 79,976 | |
International Business Machines Corp. | 415,794 | 76,934 | |
Micron Technology Inc. | 500,029 | 45,308 | |
Analog Devices Inc. | 225,994 | 43,350 | |
Roper Technologies Inc. | 48,667 | 26,511 | |
TE Connectivity Ltd. | 141,530 | 20,318 | |
Dell Technologies Inc. Class C | 115,850 | 10,966 | |
Cognizant Technology Solutions Corp. Class A | 114,267 | 9,030 | |
741,456 | |||
Telecommunications (4.1%) | |||
Cisco Systems Inc. | 1,665,366 | 80,554 | |
Comcast Corp. Class A | 1,828,640 | 78,357 | |
Verizon Communications Inc. | 1,722,998 | 68,955 | |
AT&T Inc. | 3,256,310 | 55,129 | |
* | Charter Communications Inc. Class A | 21,865 | 6,427 |
289,422 | |||
Utilities (3.5%) | |||
NextEra Energy Inc. | 921,312 | 50,847 | |
Waste Management Inc. | 183,449 | 37,726 | |
Southern Co. | 496,986 | 33,422 | |
Duke Energy Corp. | 351,033 | 32,235 | |
Sempra | 287,034 | 20,265 | |
American Electric Power Co. Inc. | 234,565 | 19,983 | |
Dominion Energy Inc. | 380,993 | 18,223 | |
Republic Services Inc. | 93,134 | 17,099 | |
Exelon Corp. | 452,808 | 16,229 | |
246,029 | |||
Total Common Stocks (Cost $5,659,516) | 7,045,783 | ||
Temporary Cash Investments (0.0%) | |||
Money Market Fund (0.0%) | |||
1 | Vanguard Market Liquidity Fund, 5.400% (Cost $30) | 296 | 29 |
Total Investments (99.8%) (Cost $5,659,546) | 7,045,812 | ||
Other Assets and Liabilities—Net (0.2%) | 16,491 | ||
Net Assets (100%) | 7,062,303 | ||
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 2024 | 43 | 10,973 | 144 |
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) |
PNC Financial Services Group Inc. | 1/31/25 | CITNA | 5,446 | (5.326) | — | (23) |
1 | Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/paid monthly. |
CITNA—Citibank, N.A. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $5,659,516) | 7,045,783 |
Affiliated Issuers (Cost $30) | 29 |
Total Investments in Securities | 7,045,812 |
Investment in Vanguard | 213 |
Cash Collateral Pledged—Futures Contracts | 390 |
Cash Collateral Pledged—Over-the-Counter Swap Contracts | 70 |
Receivables for Accrued Income | 17,246 |
Receivables for Capital Shares Issued | 3 |
Variation Margin Receivable—Futures Contracts | 40 |
Total Assets | 7,063,774 |
Liabilities | |
Due to Custodian | 1,071 |
Payables for Investment Securities Purchased | 175 |
Payables for Capital Shares Redeemed | 14 |
Payables to Vanguard | 188 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 23 |
Total Liabilities | 1,471 |
Net Assets | 7,062,303 |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 5,872,560 |
Total Distributable Earnings (Loss) | 1,189,743 |
Net Assets | 7,062,303 |
ETF Shares—Net Assets | |
Applicable to 60,616,054 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 6,939,071 |
Net Asset Value Per Share—ETF Shares | $114.48 |
Institutional Shares—Net Assets | |
Applicable to 542,852 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 123,232 |
Net Asset Value Per Share—Institutional Shares | $227.01 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends | 83,780 |
Interest1 | 193 |
Securities Lending—Net | — |
Total Income | 83,973 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 73 |
Management and Administrative—ETF Shares | 1,814 |
Management and Administrative—Institutional Shares | 31 |
Marketing and Distribution—ETF Shares | 149 |
Marketing and Distribution—Institutional Shares | 1 |
Custodian Fees | 36 |
Shareholders’ Reports—ETF Shares | 102 |
Shareholders’ Reports—Institutional Shares | 1 |
Trustees’ Fees and Expenses | 2 |
Other Expenses | 8 |
Total Expenses | 2,217 |
Expenses Paid Indirectly | (10) |
Net Expenses | 2,207 |
Net Investment Income | 81,766 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 2,618 |
Futures Contracts | 613 |
Swap Contracts | 908 |
Realized Net Gain (Loss) | 4,139 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 567,756 |
Futures Contracts | 115 |
Swap Contracts | (2) |
Change in Unrealized Appreciation (Depreciation) | 567,869 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 653,774 |
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 $182,000, $6,000, less than $1,000, and ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $50,731,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 81,766 | 158,813 | |
Realized Net Gain (Loss) | 4,139 | 332,707 | |
Change in Unrealized Appreciation (Depreciation) | 567,869 | 92,174 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 653,774 | 583,694 | |
Distributions | |||
ETF Shares | (84,992) | (150,757) | |
Institutional Shares | (1,602) | (3,074) | |
Total Distributions | (86,594) | (153,831) | |
Capital Share Transactions | |||
ETF Shares | 333,647 | 40,766 | |
Institutional Shares | (4,376) | (6,629) | |
Net Increase (Decrease) from Capital Share Transactions | 329,271 | 34,137 | |
Total Increase (Decrease) | 896,451 | 464,000 | |
Net Assets | |||
Beginning of Period | 6,165,852 | 5,701,852 | |
End of Period | 7,062,303 | 6,165,852 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $105.16 | $97.72 | $102.64 | $78.96 | $78.94 | $79.89 |
Investment Operations | ||||||
Net Investment Income1 | 1.366 | 2.709 | 2.519 | 2.271 | 2.271 | 2.261 |
Net Realized and Unrealized Gain (Loss) on Investments | 9.408 | 7.364 | (5.016) | 23.557 | (.044) | (1.027) |
Total from Investment Operations | 10.774 | 10.073 | (2.497) | 25.828 | 2.227 | 1.234 |
Distributions | ||||||
Dividends from Net Investment Income | (1.454) | (2.633) | (2.423) | (2.148) | (2.207) | (2.184) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.454) | (2.633) | (2.423) | (2.148) | (2.207) | (2.184) |
Net Asset Value, End of Period | $114.48 | $105.16 | $97.72 | $102.64 | $78.96 | $78.94 |
Total Return | 10.37% | 10.53% | -2.51% | 33.17% | 2.94% | 1.69% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $6,939 | $6,048 | $5,586 | $4,587 | $3,017 | $2,448 |
Ratio of Total Expenses to Average Net Assets | 0.07%2 | 0.07%2 | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 2.55% | 2.66% | 2.45% | 2.47% | 2.90% | 2.90% |
Portfolio Turnover Rate3 | 7% | 7% | 8% | 11% | 9% | 10% |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $208.53 | $193.77 | $203.54 | $156.56 | $156.53 | $158.41 |
Investment Operations | ||||||
Net Investment Income1 | 2.712 | 5.384 | 4.999 | 4.492 | 4.522 | 4.467 |
Net Realized and Unrealized Gain (Loss) on Investments | 18.660 | 14.615 | (9.947) | 46.761 | (.102) | (2.002) |
Total from Investment Operations | 21.372 | 19.999 | (4.948) | 51.253 | 4.420 | 2.465 |
Distributions | ||||||
Dividends from Net Investment Income | (2.892) | (5.239) | (4.822) | (4.274) | (4.390) | (4.345) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.892) | (5.239) | (4.822) | (4.274) | (4.390) | (4.345) |
Net Asset Value, End of Period | $227.01 | $208.53 | $193.77 | $203.54 | $156.56 | $156.53 |
Total Return | 10.37% | 10.55% | -2.49% | 33.22% | 3.00% | 1.68% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $123 | $118 | $116 | $128 | $117 | $134 |
Ratio of Total Expenses to Average Net Assets | 0.06%2 | 0.06%2 | 0.06% | 0.06% | 0.06% | 0.06% |
Ratio of Net Investment Income to Average Net Assets | 2.56% | 2.67% | 2.45% | 2.49% | 2.89% | 2.91% |
Portfolio Turnover Rate3 | 7% | 7% | 8% | 11% | 9% | 10% |
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 29, 2024, custodian fee offset arrangements reduced the fund’s expenses by $10,000 (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 | 7,045,783 | — | — | 7,045,783 |
Temporary Cash Investments | 29 | — | — | 29 |
Total | 7,045,812 | — | — | 7,045,812 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 144 | — | — | 144 |
Liabilities | ||||
Swap Contracts | — | 23 | — | 23 |
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 29, 2024, 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 | 5,666,528 |
Gross Unrealized Appreciation | 1,550,738 |
Gross Unrealized Depreciation | (171,310) |
Net Unrealized Appreciation (Depreciation) | 1,379,428 |
F. | During the six months ended February 29, 2024, the fund purchased $476,143,000 of investment securities and sold $487,098,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $483,482,000 and $154,548,000, 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 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 489,513 | 4,575 | 1,012,888 | 9,975 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (155,866) | (1,475) | (972,122) | (9,625) | |
Net Increase (Decrease)—ETF Shares | 333,647 | 3,100 | 40,766 | 350 | |
Institutional Shares | |||||
Issued | 898 | 5 | 9,754 | 47 | |
Issued in Lieu of Cash Distributions | 466 | 2 | 935 | 5 | |
Redeemed | (5,740) | (28) | (17,318) | (86) | |
Net Increase (Decrease)—Institutional Shares | (4,376) | (21) | (6,629) | (34) |
H. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
I. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
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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 29, 2024 | |||
Beginning Account Value 8/31/2023 | Ending Account Value 2/29/2024 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Global Wellington Fund | |||
Investor Shares | $1,000.00 | $1,067.50 | $2.47 |
Admiral™ Shares | 1,000.00 | 1,068.20 | 1.80 |
Based on Hypothetical 5% Yearly Return | |||
Global Wellington Fund | |||
Investor Shares | $1,000.00 | $1,022.48 | $2.41 |
Admiral Shares | 1,000.00 | 1,023.12 | 1.76 |
United States | 57.8% |
Japan | 8.0 |
United Kingdom | 7.5 |
France | 6.8 |
Switzerland | 4.1 |
Germany | 2.1 |
Sweden | 1.3 |
Taiwan | 1.2 |
South Korea | 1.0 |
Austria | 1.0 |
Other | 9.2 |
Shares | Market Value• ($000) | |||||
Common Stocks (65.0%) | ||||||
Austria (0.8%) | ||||||
Erste Group Bank AG | 494,284 | 19,763 | ||||
Finland (0.7%) | ||||||
Nokia OYJ | 4,720,427 | 16,640 | ||||
France (4.8%) | ||||||
TotalEnergies SE | 536,018 | 34,165 | ||||
Arkema SA | 206,824 | 21,438 | ||||
Engie SA | 1,213,484 | 19,472 | ||||
BNP Paribas SA | 320,799 | 19,254 | ||||
Schneider Electric SE | 57,334 | 13,032 | ||||
Vinci SA | 51,954 | 6,657 | ||||
114,018 | ||||||
Germany (0.7%) | ||||||
Daimler Truck Holding AG | 403,253 | 16,475 | ||||
Hong Kong (0.9%) | ||||||
AIA Group Ltd. | 2,615,600 | 21,085 | ||||
Japan (6.9%) | ||||||
Tokio Marine Holdings Inc. | 843,991 | 24,659 | ||||
Honda Motor Co. Ltd. | 1,858,500 | 22,084 | ||||
Mitsubishi UFJ Financial Group Inc. | 2,121,122 | 21,790 | ||||
Isuzu Motors Ltd. | 1,493,114 | 21,305 | ||||
Mitsubishi Estate Co. Ltd. | 1,105,500 | 16,921 | ||||
Nippon Telegraph & Telephone Corp. | 12,269,600 | 14,922 | ||||
Sumitomo Mitsui Trust Holdings Inc. | 665,800 | 13,491 | ||||
BIPROGY Inc. | 335,800 | 10,400 | ||||
Marui Group Co. Ltd. | 459,365 | 7,492 | ||||
Resona Holdings Inc. | 975,200 | 5,322 | ||||
Astellas Pharma Inc. | 425,900 | 4,654 | ||||
163,040 | ||||||
Netherlands (0.6%) | ||||||
Shell plc | 443,543 | 13,719 | ||||
South Korea (1.0%) | ||||||
Samsung Electronics Co. Ltd. | 415,273 | 22,920 | ||||
Spain (0.2%) | ||||||
Iberdrola SA | 328,773 | 3,776 |
Shares | Market Value• ($000) | |||||
Sweden (1.2%) | ||||||
Autoliv Inc. | 179,725 | 20,853 | ||||
Alfa Laval AB | 204,634 | 7,705 | ||||
28,558 | ||||||
Switzerland (2.9%) | ||||||
Novartis AG (Registered) | 354,648 | 35,783 | ||||
Nestle SA (Registered) | 214,477 | 22,245 | ||||
Zurich Insurance Group AG | 21,282 | 11,323 | ||||
69,351 | ||||||
Taiwan (1.2%) | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 1,249,175 | 27,375 | ||||
United Kingdom (5.9%) | ||||||
AstraZeneca plc ADR | 576,953 | 37,017 | ||||
Unilever plc | 556,277 | 27,165 | ||||
BAE Systems plc | 1,313,767 | 20,622 | ||||
Diageo plc | 482,500 | 18,077 | ||||
WPP plc | 1,547,616 | 13,846 | ||||
Rotork plc | 3,461,245 | 13,524 | ||||
Derwent London plc | 409,575 | 9,974 | ||||
140,225 | ||||||
United States (37.2%) | ||||||
Microsoft Corp. | 101,098 | 41,818 | ||||
Johnson & Johnson | 222,887 | 35,969 | ||||
Chubb Ltd. | 137,843 | 34,691 | ||||
Merck & Co. Inc. | 255,420 | 32,477 | ||||
American Express Co. | 140,416 | 30,810 | ||||
JPMorgan Chase & Co. | 158,521 | 29,494 | ||||
Cisco Systems Inc. | 603,453 | 29,189 | ||||
Accenture plc Class A | 77,672 | 29,110 | ||||
Duke Energy Corp. | 302,607 | 27,788 | ||||
Colgate-Palmolive Co. | 307,755 | 26,627 | ||||
Northrop Grumman Corp. | 57,132 | 26,339 | ||||
United Parcel Service Inc. Class B | 172,143 | 25,522 | ||||
* | Alphabet Inc. Class A | 182,038 | 25,205 | |||
Texas Instruments Inc. | 150,545 | 25,191 | ||||
UnitedHealth Group Inc. | 46,979 | 23,189 | ||||
General Motors Co. | 553,854 | 22,697 | ||||
Exelon Corp. | 598,660 | 21,456 | ||||
Medtronic plc | 254,574 | 21,221 | ||||
General Dynamics Corp. | 76,859 | 21,002 | ||||
Bank of America Corp. | 568,381 | 19,621 | ||||
BlackRock Inc. | 23,805 | 19,314 | ||||
American Tower Corp. | 93,462 | 18,586 | ||||
PNC Financial Services Group Inc. | 125,173 | 18,425 | ||||
Pfizer Inc. | 690,228 | 18,332 | ||||
Gilead Sciences Inc. | 248,167 | 17,893 | ||||
Diamondback Energy Inc. | 94,362 | 17,223 | ||||
Home Depot Inc. | 45,038 | 17,142 | ||||
Walt Disney Co. | 153,352 | 17,111 | ||||
Sempra | 241,096 | 17,021 | ||||
Deere & Co. | 45,312 | 16,541 | ||||
Coterra Energy Inc. | 636,493 | 16,409 | ||||
PepsiCo Inc. | 96,354 | 15,931 | ||||
Intel Corp. | 367,027 | 15,801 |
Shares | Market Value• ($000) | |||||
Union Pacific Corp. | 61,507 | 15,604 | ||||
LyondellBasell Industries NV Class A | 152,474 | 15,290 | ||||
Kenvue Inc. | 728,835 | 13,848 | ||||
Honeywell International Inc. | 65,627 | 13,042 | ||||
Visa Inc. Class A | 46,099 | 13,029 | ||||
Marsh & McLennan Cos. Inc. | 62,173 | 12,576 | ||||
TJX Cos. Inc. | 105,244 | 10,434 | ||||
Mondelez International Inc. Class A | 71,754 | 5,243 | ||||
KLA Corp. | 5,348 | 3,649 | ||||
Caterpillar Inc. | 10,387 | 3,469 | ||||
881,329 | ||||||
Total Common Stocks (Cost $1,212,381) | 1,538,274 | |||||
Coupon | Maturity Date | Face Amount ($000) | ||||
U.S. Government and Agency Obligations (5.7%) | ||||||
1,2 | Fannie Mae REMICS | 2.000% | 9/25/40 | 11 | 11 | |
1,2 | Fannie Mae REMICS | 2.500% | 5/25/45 | 182 | 166 | |
1,2 | Fannie Mae REMICS | 3.000% | 3/25/45–2/25/49 | 1,723 | 1,521 | |
1,2 | Fannie Mae REMICS | 3.500% | 6/25/44 | 67 | 64 | |
1,2 | Freddie Mac REMICS | 1.750% | 9/15/42 | 451 | 409 | |
1,2 | Freddie Mac REMICS | 2.000% | 7/25/50 | 1,100 | 929 | |
1,2 | Freddie Mac REMICS | 4.000% | 12/15/39–9/15/41 | 1,106 | 1,057 | |
1 | Ginnie Mae II Pool | 2.000% | 12/20/50–2/20/51 | 1,228 | 1,000 | |
1 | Ginnie Mae II Pool | 2.500% | 3/20/51–12/20/52 | 1,936 | 1,638 | |
1 | Ginnie Mae II Pool | 3.000% | 11/20/49–3/20/52 | 2,182 | 1,914 | |
1 | Ginnie Mae II Pool | 3.500% | 1/20/52–7/20/52 | 3,013 | 2,724 | |
1 | Ginnie Mae II Pool | 4.000% | 5/20/52–8/20/52 | 1,724 | 1,605 | |
1 | Ginnie Mae II Pool | 4.500% | 3/20/53 | 1,320 | 1,261 | |
1 | Ginnie Mae REMICS | 2.500% | 10/20/49 | 2,498 | 2,160 | |
1 | Ginnie Mae REMICS | 2.750% | 9/20/44 | 52 | 49 | |
1,2 | UMBS Pool | 2.000% | 4/1/41–8/1/51 | 9,238 | 7,393 | |
1,2 | UMBS Pool | 2.500% | 1/1/52 | 3,894 | 3,223 | |
1,2 | UMBS Pool | 3.000% | 6/1/51–10/1/51 | 2,708 | 2,342 | |
1,2 | UMBS Pool | 3.500% | 7/1/51–4/1/52 | 2,590 | 2,331 | |
1,2,3 | UMBS Pool | 4.000% | 3/1/46–3/25/54 | 2,071 | 1,944 | |
1,2,3 | UMBS Pool | 4.500% | 1/1/38–3/25/54 | 4,130 | 4,000 | |
1,2,3 | UMBS Pool | 5.000% | 8/1/43–3/25/54 | 6,639 | 6,475 | |
1,2 | UMBS Pool | 5.500% | 1/1/53–9/1/53 | 11,395 | 11,293 | |
1,2,3 | UMBS Pool | 6.000% | 2/1/53–3/25/54 | 12,193 | 12,284 | |
4 | United States Treasury Note/Bond | 2.000% | 11/15/41 | 3,462 | 2,396 | |
United States Treasury Note/Bond | 2.375% | 2/15/42 | 288 | 212 | ||
United States Treasury Note/Bond | 3.750% | 12/31/28–12/31/30 | 5,052 | 4,923 | ||
United States Treasury Note/Bond | 3.875% | 2/15/43–5/15/43 | 4,773 | 4,367 | ||
United States Treasury Note/Bond | 4.000% | 12/15/25–2/15/34 | 19,845 | 19,570 | ||
United States Treasury Note/Bond | 4.125% | 2/15/27–8/15/53 | 3,993 | 3,950 | ||
United States Treasury Note/Bond | 4.250% | 10/15/25–2/15/54 | 7,906 | 7,781 | ||
United States Treasury Note/Bond | 4.375% | 12/15/26–8/15/43 | 6,502 | 6,428 | ||
United States Treasury Note/Bond | 4.500% | 11/15/33–2/15/44 | 2,333 | 2,356 | ||
United States Treasury Note/Bond | 4.625% | 11/15/26–9/30/28 | 6,084 | 6,114 | ||
United States Treasury Note/Bond | 4.750% | 11/15/43–11/15/53 | 7,120 | 7,349 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 5.000% | 8/31/25 | 1,620 | 1,624 | ||
Total U.S. Government and Agency Obligations (Cost $136,917) | 134,863 | |||||
Asset-Backed/Commercial Mortgage-Backed Securities (0.9%) | ||||||
Bermuda (0.0%) | ||||||
1,5 | Start II Ltd. Series 2019-1 | 4.089% | 3/15/44 | 108 | 99 | |
Cayman Islands (0.0%) | ||||||
1,5 | Horizon Aircraft Finance II Ltd. Series 2019-1 | 3.721% | 7/15/39 | 170 | 150 | |
United States (0.9%) | ||||||
1,5 | Aaset Trust Series 2019-1 | 3.844% | 5/15/39 | 38 | 30 | |
1,5 | Aligned Data Centers Issuer LLC Series 2021-1A | 1.937% | 8/15/46 | 1,260 | 1,143 | |
1,5,6 | BX Trust Series 2021-ARIA, TSFR1M + 1.411% | 6.729% | 10/15/36 | 1,290 | 1,265 | |
1,5 | Castlelake Aircraft Structured Trust Series 2019-1A | 3.967% | 4/15/39 | 155 | 140 | |
1,5 | CF Hippolyta Issuer LLC Series 2020-1 | 1.690% | 7/15/60 | 365 | 339 | |
1,5 | CF Hippolyta Issuer LLC Series 2021-1A | 1.530% | 3/15/61 | 1,041 | 935 | |
1,5 | CF Hippolyta Issuer LLC Series 2022-1A | 5.970% | 8/15/62 | 459 | 446 | |
1,5,6 | Connecticut Avenue Securities Trust Series 2021-R01, SOFR30A + 1.550% | 6.872% | 10/25/41 | 250 | 251 | |
1,5 | Enterprise Fleet Financing LLC Series 2023-3 | 6.400% | 3/20/30 | 2,160 | 2,192 | |
1,2 | Freddie Mac Multifamily Structured Pass-Through Certificates Series K142 | 2.400% | 3/25/32 | 1,600 | 1,350 | |
1,2,5,6 | Freddie Mac STACR REMICS Trust Series 2020-DNA5, SOFR30A + 2.800% | 8.122% | 10/25/50 | 231 | 235 | |
1,5 | Home Partners of America Trust Series 2021-2 | 2.302% | 12/17/26 | 1,169 | 1,055 | |
1,5 | Kubota Credit Owner Trust Series 2023-2A | 5.280% | 1/18/28 | 1,335 | 1,338 | |
1,5 | Navient Private Education Refi Loan Trust Series 2023-A | 5.510% | 10/15/71 | 1,552 | 1,538 | |
1,5 | New Economy Assets Phase 1 Sponsor LLC Series 2021-1 | 1.910% | 10/20/61 | 2,015 | 1,759 | |
1,5 | New Economy Assets Phase 1 Sponsor LLC Series 2021-1 | 2.410% | 10/20/61 | 425 | 353 | |
1,5 | Retained Vantage Data Centers Issuer LLC Series 2023-1A | 5.000% | 9/15/48 | 2,950 | 2,772 | |
1 | Seasoned Credit Risk Transfer Trust Series 2019-3 | 3.500% | 10/25/58 | 110 | 103 | |
1,5 | Towd Point Mortgage Trust Series 2018-1 | 3.000% | 1/25/58 | 48 | 47 | |
1,5 | Wheels Fleet Lease Funding LLC Series 2023-1A | 5.800% | 4/18/38 | 2,595 | 2,597 | |
1,5 | Wheels Fleet Lease Funding LLC Series 2023-2A | 6.460% | 8/18/38 | 1,480 | 1,485 | |
21,373 | ||||||
Total Asset-Backed/Commercial Mortgage-Backed Securities (Cost $21,955) | 21,622 | |||||
Corporate Bonds (20.6%) | ||||||
Australia (0.4%) | ||||||
5 | Commonwealth Bank of Australia | 5.071% | 9/14/28 | 2,915 | 2,935 | |
5 | Glencore Funding LLC | 6.375% | 10/6/30 | 4,563 | 4,793 | |
5 | Glencore Funding LLC | 5.700% | 5/8/33 | 605 | 611 | |
5 | Glencore Funding LLC | 6.500% | 10/6/33 | 1,327 | 1,416 | |
9,755 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Austria (0.1%) | ||||||
7 | A1 Towers Holding GmbH | 5.250% | 7/13/28 | 2,400 | 2,702 | |
Belgium (0.3%) | ||||||
1,7 | Anheuser-Busch InBev SA/NV | 1.650% | 3/28/31 | 635 | 613 | |
1,7 | Anheuser-Busch InBev SA/NV | 2.750% | 3/17/36 | 2,025 | 2,024 | |
Anheuser-Busch InBev Worldwide Inc. | 4.600% | 4/15/48 | 27 | 24 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.550% | 1/23/49 | 837 | 857 | ||
1,7 | Argenta Spaarbank NV | 1.000% | 10/13/26 | 3,600 | 3,691 | |
7,209 | ||||||
Canada (0.3%) | ||||||
5 | Constellation Software Inc. | 5.158% | 2/16/29 | 310 | 309 | |
5 | Constellation Software Inc. | 5.461% | 2/16/34 | 3,905 | 3,903 | |
8 | Emera Inc. | 4.838% | 5/2/30 | 3,000 | 2,193 | |
Fortis Inc. | 3.055% | 10/4/26 | 853 | 805 | ||
TransCanada PipeLines Ltd. | 4.875% | 1/15/26 | 440 | 436 | ||
7,646 | ||||||
Denmark (0.6%) | ||||||
1,7 | Danfoss Finance II BV | 4.125% | 12/2/29 | 2,925 | 3,233 | |
7 | Danske Bank A/S | 0.500% | 8/27/25 | 1,180 | 1,253 | |
5 | Danske Bank A/S | 6.466% | 1/9/26 | 3,193 | 3,204 | |
5 | Danske Bank A/S | 1.621% | 9/11/26 | 1,320 | 1,237 | |
5 | Danske Bank A/S | 6.259% | 9/22/26 | 200 | 202 | |
1,9 | Danske Bank A/S | 2.250% | 1/14/28 | 1,440 | 1,655 | |
3,5 | Danske Bank A/S | 5.705% | 3/1/30 | 725 | 726 | |
1,7 | Danske Bank A/S | 4.750% | 6/21/30 | 2,780 | 3,108 | |
14,618 | ||||||
France (1.7%) | ||||||
1,7 | Banque Federative du Credit Mutuel SA | 4.375% | 5/2/30 | 3,100 | 3,421 | |
7 | Banque Federative du Credit Mutuel SA | 3.875% | 6/16/32 | 3,400 | 3,590 | |
1,7 | BNP Paribas SA | 0.125% | 9/4/26 | 600 | 595 | |
5 | BNP Paribas SA | 5.335% | 6/12/29 | 3,132 | 3,128 | |
1,7 | BNP Paribas SA | 4.250% | 4/13/31 | 2,900 | 3,208 | |
1,7 | BNP Paribas SA | 1.125% | 1/15/32 | 800 | 783 | |
1,9 | BNP Paribas SA | 5.750% | 6/13/32 | 1,100 | 1,408 | |
5 | BNP Paribas SA | 5.894% | 12/5/34 | 1,635 | 1,675 | |
5 | BPCE SA | 3.250% | 1/11/28 | 525 | 487 | |
5 | BPCE SA | 6.714% | 10/19/29 | 2,005 | 2,081 | |
5 | BPCE SA | 2.277% | 1/20/32 | 1,100 | 876 | |
1,7 | BPCE SA | 1.750% | 2/2/34 | 2,900 | 2,739 | |
7 | BPCE SFH SA | 3.000% | 10/17/29 | 2,800 | 3,000 | |
1,7 | Carmila SA | 5.500% | 10/9/28 | 1,600 | 1,800 | |
5 | Credit Agricole SA | 6.316% | 10/3/29 | 1,021 | 1,053 | |
1,7 | Credit Agricole SA | 4.375% | 11/27/33 | 2,900 | 3,244 | |
1,7 | Credit Agricole SA | 3.875% | 11/28/34 | 1,000 | 1,097 | |
5 | Danone SA | 2.947% | 11/2/26 | 555 | 526 | |
1,7 | Engie SA | 0.375% | 6/11/27 | 2,300 | 2,239 | |
1,7 | Engie SA | 4.000% | 1/11/35 | 1,000 | 1,078 | |
1,7 | Engie SA | 2.000% | 9/28/37 | 1,300 | 1,116 | |
5 | WEA Finance LLC | 3.500% | 6/15/29 | 255 | 221 | |
39,365 | ||||||
Germany (0.6%) | ||||||
5 | Daimler Truck Finance North America LLC | 5.150% | 1/16/26 | 580 | 578 | |
5 | Daimler Truck Finance North America LLC | 5.125% | 1/19/28 | 185 | 185 | |
Deutsche Bank AG | 6.119% | 7/14/26 | 3,528 | 3,535 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Deutsche Bank AG | 6.819% | 11/20/29 | 1,530 | 1,582 | ||
1,9 | E.ON International Finance BV | 6.250% | 6/3/30 | 675 | 900 | |
1,9 | E.ON International Finance BV | 6.375% | 6/7/32 | 1,645 | 2,214 | |
1,7 | E.ON SE | 3.875% | 1/12/35 | 1,090 | 1,187 | |
1,7 | Eurogrid GmbH | 3.279% | 9/5/31 | 2,700 | 2,848 | |
7 | Wintershall Dea Finance BV | 1.823% | 9/25/31 | 800 | 721 | |
13,750 | ||||||
Ireland (0.0%) | ||||||
5 | Avolon Holdings Funding Ltd. | 2.125% | 2/21/26 | 707 | 655 | |
Italy (0.7%) | ||||||
7 | Autostrade per l'Italia SpA | 2.000% | 12/4/28 | 4,030 | 3,995 | |
7 | Autostrade per l'Italia SpA | 2.000% | 1/15/30 | 1,500 | 1,432 | |
1,7 | Autostrade per l'Italia SpA | 4.750% | 1/24/31 | 335 | 371 | |
1,7 | Autostrade per l'Italia SpA | 5.125% | 6/14/33 | 1,825 | 2,056 | |
1,7 | Banco BPM SpA | 0.750% | 3/15/27 | 2,950 | 2,928 | |
7 | Intesa Sanpaolo SpA | 3.625% | 6/30/28 | 6,000 | 6,537 | |
17,319 | ||||||
Japan (0.2%) | ||||||
5 | NTT Finance Corp. | 1.162% | 4/3/26 | 1,180 | 1,087 | |
1,10 | Toyota Motor Finance Netherlands BV | 2.130% | 6/15/27 | 3,255 | 3,747 | |
4,834 | ||||||
Luxembourg (0.2%) | ||||||
5 | JAB Holdings BV | 3.750% | 5/28/51 | 805 | 523 | |
5 | JAB Holdings BV | 4.500% | 4/8/52 | 875 | 646 | |
1,7 | P3 Group Sarl | 1.625% | 1/26/29 | 3,570 | 3,384 | |
4,553 | ||||||
Mexico (0.0%) | ||||||
America Movil SAB de CV | 3.625% | 4/22/29 | 275 | 256 | ||
America Movil SAB de CV | 6.375% | 3/1/35 | 385 | 417 | ||
673 | ||||||
Netherlands (0.1%) | ||||||
1,9 | Cooperatieve Rabobank UA | 4.625% | 5/23/29 | 950 | 1,133 | |
1,7 | Koninklijke KPN NV | 0.875% | 11/15/33 | 1,100 | 924 | |
Shell International Finance BV | 4.000% | 5/10/46 | 330 | 271 | ||
Shell International Finance BV | 3.000% | 11/26/51 | 1,338 | 897 | ||
3,225 | ||||||
Norway (0.3%) | ||||||
1,7 | Aker BP ASA | 1.125% | 5/12/29 | 1,990 | 1,869 | |
5 | Aker BP ASA | 3.750% | 1/15/30 | 3,901 | 3,535 | |
5 | Aker BP ASA | 4.000% | 1/15/31 | 2,335 | 2,108 | |
7,512 | ||||||
Portugal (0.3%) | ||||||
1,7 | EDP - Energias de Portugal SA | 3.875% | 6/26/28 | 2,900 | 3,164 | |
1,7 | EDP Finance BV | 1.875% | 9/21/29 | 2,500 | 2,472 | |
5,636 | ||||||
South Africa (0.1%) | ||||||
1,7 | Anglo American Capital plc | 4.750% | 9/21/32 | 1,375 | 1,548 | |
Spain (0.4%) | ||||||
1,7 | Banco de Sabadell SA | 3.500% | 8/28/26 | 3,900 | 4,218 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1,7 | CaixaBank SA | 4.250% | 9/6/30 | 2,400 | 2,663 | |
1,7 | CaixaBank SA | 5.125% | 7/19/34 | 1,600 | 1,837 | |
8,718 | ||||||
Switzerland (1.1%) | ||||||
5 | Alcon Finance Corp. | 3.000% | 9/23/29 | 5,946 | 5,331 | |
5 | Alcon Finance Corp. | 5.750% | 12/6/52 | 200 | 204 | |
Credit Suisse AG | 7.500% | 2/15/28 | 4,023 | 4,333 | ||
7 | Sika Capital BV | 1.500% | 4/29/31 | 2,525 | 2,386 | |
UBS AG | 5.650% | 9/11/28 | 4,613 | 4,705 | ||
7 | UBS Group AG | 7.750% | 3/1/29 | 2,635 | 3,225 | |
1,7 | UBS Group AG | 4.750% | 3/17/32 | 2,690 | 3,020 | |
5 | UBS Group AG | 6.301% | 9/22/34 | 1,720 | 1,776 | |
24,980 | ||||||
United Arab Emirates (0.2%) | ||||||
5 | DAE Funding LLC | 1.550% | 8/1/24 | 1,915 | 1,878 | |
5 | Galaxy Pipeline Assets Bidco Ltd. | 2.160% | 3/31/34 | 4,264 | 3,658 | |
5,536 | ||||||
United Kingdom (1.2%) | ||||||
5 | Ashtead Capital Inc. | 2.450% | 8/12/31 | 2,607 | 2,100 | |
5 | Ashtead Capital Inc. | 5.500% | 8/11/32 | 600 | 587 | |
5 | Ashtead Capital Inc. | 5.550% | 5/30/33 | 385 | 377 | |
5 | Ashtead Capital Inc. | 5.950% | 10/15/33 | 630 | 633 | |
5 | Ashtead Capital Inc. | 5.800% | 4/15/34 | 815 | 807 | |
AstraZeneca plc | 4.000% | 1/17/29 | 831 | 802 | ||
1,7 | Barclays plc | 5.262% | 1/29/34 | 770 | 879 | |
BAT Capital Corp. | 6.343% | 8/2/30 | 1,316 | 1,358 | ||
1,8 | BP Capital Markets plc | 3.470% | 5/15/25 | 1,350 | 977 | |
7 | BUPA Finance plc | 5.000% | 10/12/30 | 3,815 | 4,314 | |
9 | Grainger plc | 3.000% | 7/3/30 | 3,060 | 3,244 | |
9 | Hammerson plc | 7.250% | 4/21/28 | 2,150 | 2,780 | |
1,9 | Heathrow Funding Ltd. | 2.750% | 10/13/29 | 1,805 | 2,010 | |
1,9 | National Grid Electricity Transmission plc | 2.000% | 9/16/38 | 1,145 | 941 | |
1,9 | National Grid Electricity Transmission plc | 2.000% | 4/17/40 | 890 | 702 | |
1,7 | National Grid plc | 0.163% | 1/20/28 | 1,700 | 1,602 | |
1,7 | National Grid plc | 3.875% | 1/16/29 | 2,125 | 2,314 | |
Santander UK Group Holdings plc | 1.089% | 3/15/25 | 1,534 | 1,531 | ||
27,958 | ||||||
United States (11.8%) | ||||||
AbbVie Inc. | 4.950% | 3/15/31 | 1,500 | 1,500 | ||
AbbVie Inc. | 4.050% | 11/21/39 | 1,428 | 1,253 | ||
AbbVie Inc. | 5.350% | 3/15/44 | 115 | 116 | ||
AbbVie Inc. | 5.400% | 3/15/54 | 280 | 284 | ||
Aircastle Ltd. | 4.250% | 6/15/26 | 1,958 | 1,898 | ||
1 | Alabama Power Co. | 4.300% | 7/15/48 | 281 | 235 | |
American Express Co. | 6.489% | 10/30/31 | 72 | 77 | ||
American Express Co. | 5.043% | 5/1/34 | 3,458 | 3,392 | ||
American International Group Inc. | 3.400% | 6/30/30 | 2,628 | 2,372 | ||
American International Group Inc. | 4.750% | 4/1/48 | 50 | 46 | ||
American International Group Inc. | 4.375% | 6/30/50 | 628 | 539 | ||
7 | American Medical Systems Europe BV | 3.500% | 3/8/32 | 2,910 | 3,125 | |
5 | American Transmission Systems Inc. | 2.650% | 1/15/32 | 1,178 | 967 | |
Archer-Daniels-Midland Co. | 2.900% | 3/1/32 | 1,875 | 1,598 | ||
Archer-Daniels-Midland Co. | 4.500% | 8/15/33 | 1,548 | 1,475 | ||
Arizona Public Service Co. | 4.350% | 11/15/45 | 1,200 | 986 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
AT&T Inc. | 3.500% | 6/1/41 | 1,052 | 807 | ||
AT&T Inc. | 4.300% | 12/15/42 | 1,604 | 1,354 | ||
AT&T Inc. | 4.750% | 5/15/46 | 3,960 | 3,467 | ||
5 | Athene Global Funding | 1.450% | 1/8/26 | 2,913 | 2,691 | |
5 | Athene Global Funding | 2.500% | 3/24/28 | 2,813 | 2,492 | |
5 | Athene Global Funding | 5.583% | 1/9/29 | 1,890 | 1,883 | |
Bank of America Corp. | 2.482% | 9/21/36 | 3,947 | 3,117 | ||
Bank of America Corp. | 3.311% | 4/22/42 | 1,211 | 918 | ||
7 | Becton Dickinson Euro Finance Sarl | 0.334% | 8/13/28 | 1,905 | 1,792 | |
Boeing Co. | 5.805% | 5/1/50 | 2,694 | 2,589 | ||
7 | Booking Holdings Inc. | 4.500% | 11/15/31 | 285 | 325 | |
7 | Booking Holdings Inc. | 4.125% | 5/12/33 | 1,210 | 1,347 | |
5 | Boston Gas Co. | 3.001% | 8/1/29 | 143 | 125 | |
BP Capital Markets America Inc. | 4.812% | 2/13/33 | 615 | 600 | ||
BP Capital Markets America Inc. | 2.939% | 6/4/51 | 2,125 | 1,397 | ||
Brixmor Operating Partnership LP | 2.500% | 8/16/31 | 886 | 719 | ||
5 | Broadcom Inc. | 3.469% | 4/15/34 | 6,765 | 5,712 | |
5 | Brooklyn Union Gas Co. | 4.273% | 3/15/48 | 1,063 | 804 | |
Capital One Financial Corp. | 7.149% | 10/29/27 | 6,284 | 6,515 | ||
Capital One Financial Corp. | 5.700% | 2/1/30 | 270 | 271 | ||
7 | Carrier Global Corp. | 4.500% | 11/29/32 | 1,855 | 2,092 | |
CenterPoint Energy Resources Corp. | 5.250% | 3/1/28 | 2,364 | 2,381 | ||
Charter Communications Operating LLC | 2.250% | 1/15/29 | 215 | 181 | ||
Charter Communications Operating LLC | 5.050% | 3/30/29 | 655 | 627 | ||
Charter Communications Operating LLC | 6.384% | 10/23/35 | 391 | 378 | ||
Charter Communications Operating LLC | 3.700% | 4/1/51 | 672 | 407 | ||
Cheniere Energy Partners LP | 4.500% | 10/1/29 | 3,159 | 2,961 | ||
Cheniere Energy Partners LP | 4.000% | 3/1/31 | 3,915 | 3,497 | ||
Citizens Financial Group Inc. | 5.841% | 1/23/30 | 615 | 608 | ||
Cleco Corporate Holdings LLC | 3.375% | 9/15/29 | 358 | 311 | ||
5 | Columbia Pipelines Holding Co. LLC | 5.681% | 1/15/34 | 455 | 446 | |
5 | Columbia Pipelines Operating Co. LLC | 5.927% | 8/15/30 | 479 | 488 | |
5 | Columbia Pipelines Operating Co. LLC | 6.497% | 8/15/43 | 1,810 | 1,921 | |
7 | Comcast Corp. | 0.000% | 9/14/26 | 3,225 | 3,192 | |
Comcast Corp. | 3.250% | 11/1/39 | 726 | 558 | ||
Comcast Corp. | 4.000% | 3/1/48 | 44 | 35 | ||
Comcast Corp. | 3.999% | 11/1/49 | 132 | 104 | ||
Comcast Corp. | 2.887% | 11/1/51 | 1,560 | 988 | ||
Comcast Corp. | 4.049% | 11/1/52 | 11 | 9 | ||
Comcast Corp. | 2.937% | 11/1/56 | 1,595 | 982 | ||
Comcast Corp. | 2.650% | 8/15/62 | 25 | 14 | ||
Comcast Corp. | 2.987% | 11/1/63 | 21 | 13 | ||
Commonwealth Edison Co. | 3.650% | 6/15/46 | 39 | 30 | ||
Commonwealth Edison Co. | 4.000% | 3/1/48 | 270 | 216 | ||
1 | Consolidated Edison Co. of New York Inc. | 6.300% | 8/15/37 | 83 | 89 | |
Consolidated Edison Co. of New York Inc. | 4.625% | 12/1/54 | 319 | 274 | ||
Consolidated Edison Co. of New York Inc. | 4.500% | 5/15/58 | 165 | 138 | ||
Corebridge Financial Inc. | 4.350% | 4/5/42 | 2,410 | 1,993 | ||
5 | Corebridge Global Funding | 5.900% | 9/19/28 | 2,152 | 2,193 | |
5 | Cox Communications Inc. | 3.500% | 8/15/27 | 2,934 | 2,769 | |
5 | Cox Communications Inc. | 4.800% | 2/1/35 | 100 | 92 | |
CubeSmart LP | 2.250% | 12/15/28 | 1,096 | 953 | ||
CVS Health Corp. | 2.875% | 6/1/26 | 1,602 | 1,523 | ||
CVS Health Corp. | 4.300% | 3/25/28 | 124 | 120 | ||
CVS Health Corp. | 4.125% | 4/1/40 | 259 | 213 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
CVS Health Corp. | 5.050% | 3/25/48 | 138 | 123 | ||
Dignity Health | 3.812% | 11/1/24 | 594 | 585 | ||
Discovery Communications LLC | 4.125% | 5/15/29 | 205 | 189 | ||
Discovery Communications LLC | 3.625% | 5/15/30 | 1,096 | 963 | ||
Discovery Communications LLC | 5.300% | 5/15/49 | 1,063 | 867 | ||
Discovery Communications LLC | 4.000% | 9/15/55 | 2,015 | 1,334 | ||
1 | Dominion Energy Inc. | 3.375% | 4/1/30 | 285 | 257 | |
Dominion Energy Inc. | 5.375% | 11/15/32 | 3,141 | 3,123 | ||
1 | Dominion Energy Inc. | 4.900% | 8/1/41 | 807 | 723 | |
1 | Dominion Energy Inc. | 4.850% | 8/15/52 | 431 | 377 | |
Dominion Energy South Carolina Inc. | 6.625% | 2/1/32 | 172 | 191 | ||
Dominion Energy South Carolina Inc. | 5.300% | 5/15/33 | 124 | 125 | ||
Dominion Energy South Carolina Inc. | 5.450% | 2/1/41 | 300 | 296 | ||
Dominion Energy South Carolina Inc. | 4.600% | 6/15/43 | 230 | 203 | ||
1 | Eastern Gas Transmission & Storage Inc. | 4.600% | 12/15/44 | 727 | 617 | |
Eaton Corp. | 4.700% | 8/23/52 | 160 | 148 | ||
Energy Transfer LP | 6.000% | 6/15/48 | 2,761 | 2,703 | ||
5 | Equitable Financial Life Global Funding | 1.400% | 7/7/25 | 165 | 156 | |
5 | Equitable Financial Life Global Funding | 1.300% | 7/12/26 | 1,123 | 1,017 | |
5 | Equitable Financial Life Global Funding | 1.400% | 8/27/27 | 908 | 787 | |
5 | ERAC USA Finance LLC | 5.200% | 10/30/34 | 1,315 | 1,304 | |
Extra Space Storage LP | 5.500% | 7/1/30 | 2,140 | 2,149 | ||
Extra Space Storage LP | 5.900% | 1/15/31 | 620 | 634 | ||
Exxon Mobil Corp. | 2.610% | 10/15/30 | 209 | 183 | ||
Florida Power & Light Co. | 5.050% | 4/1/28 | 270 | 272 | ||
7 | Fortive Corp. | 3.700% | 8/15/29 | 3,515 | 3,801 | |
5 | GA Global Funding Trust | 5.500% | 1/8/29 | 1,840 | 1,817 | |
7 | General Mills Inc. | 3.907% | 4/13/29 | 1,470 | 1,605 | |
5 | Genting New York LLC | 3.300% | 2/15/26 | 1,668 | 1,547 | |
Georgia Power Co. | 4.300% | 3/15/42 | 4,635 | 3,956 | ||
Georgia Power Co. | 5.125% | 5/15/52 | 478 | 454 | ||
GLP Capital LP | 6.750% | 12/1/33 | 3,418 | 3,550 | ||
Goldman Sachs Group Inc. | 1.431% | 3/9/27 | 3,975 | 3,674 | ||
5 | Gray Oak Pipeline LLC | 2.600% | 10/15/25 | 480 | 456 | |
5 | Gray Oak Pipeline LLC | 3.450% | 10/15/27 | 77 | 72 | |
HCA Inc. | 5.450% | 4/1/31 | 625 | 622 | ||
Healthpeak OP LLC | 3.500% | 7/15/29 | 369 | 337 | ||
HEICO Corp. | 5.250% | 8/1/28 | 2,523 | 2,539 | ||
HEICO Corp. | 5.350% | 8/1/33 | 4,115 | 4,090 | ||
Home Depot Inc. | 3.300% | 4/15/40 | 2,411 | 1,889 | ||
7 | Honeywell International Inc. | 3.750% | 5/17/32 | 975 | 1,064 | |
7 | Honeywell International Inc. | 4.125% | 11/2/34 | 2,070 | 2,304 | |
Humana Inc. | 5.875% | 3/1/33 | 1,115 | 1,144 | ||
Humana Inc. | 5.500% | 3/15/53 | 1,075 | 1,041 | ||
5 | Hyundai Capital America | 6.250% | 11/3/25 | 6,046 | 6,114 | |
Intel Corp. | 5.600% | 2/21/54 | 2,629 | 2,629 | ||
Intercontinental Exchange Inc. | 4.350% | 6/15/29 | 2,949 | 2,862 | ||
Intercontinental Exchange Inc. | 4.950% | 6/15/52 | 391 | 365 | ||
International Business Machines Corp. | 3.300% | 5/15/26 | 550 | 530 | ||
5 | ITC Holdings Corp. | 4.950% | 9/22/27 | 584 | 580 | |
JPMorgan Chase & Co. | 2.947% | 2/24/28 | 1,476 | 1,382 | ||
1 | JPMorgan Chase & Co. | 3.964% | 11/15/48 | 1,074 | 863 | |
1 | Kaiser Foundation Hospitals | 2.810% | 6/1/41 | 1,200 | 878 | |
Kaiser Foundation Hospitals | 4.875% | 4/1/42 | 650 | 617 | ||
Kenvue Inc. | 5.050% | 3/22/53 | 1,741 | 1,675 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
5 | KeySpan Gas East Corp. | 2.742% | 8/15/26 | 440 | 410 | |
Kite Realty Group LP | 5.500% | 3/1/34 | 4,436 | 4,336 | ||
LKQ Corp. | 5.750% | 6/15/28 | 578 | 584 | ||
3,7 | LKQ Dutch Bond BV | 4.125% | 3/13/31 | 2,855 | 3,087 | |
LXP Industrial Trust | 6.750% | 11/15/28 | 3,555 | 3,661 | ||
M&T Bank Corp. | 7.413% | 10/30/29 | 3,530 | 3,703 | ||
Marsh & McLennan Cos. Inc. | 4.375% | 3/15/29 | 1,010 | 988 | ||
5 | Massachusetts Mutual Life Insurance Co. | 3.375% | 4/15/50 | 606 | 419 | |
Memorial Sloan-Kettering Cancer Center | 4.125% | 7/1/52 | 150 | 127 | ||
Merck & Co. Inc. | 5.000% | 5/17/53 | 1,342 | 1,301 | ||
MetLife Inc. | 5.375% | 7/15/33 | 3,243 | 3,261 | ||
5 | Metropolitan Edison Co. | 5.200% | 4/1/28 | 88 | 88 | |
MidAmerican Energy Co. | 4.250% | 5/1/46 | 12 | 10 | ||
1 | Morgan Stanley | 3.125% | 7/27/26 | 2,037 | 1,942 | |
1 | Morgan Stanley | 3.772% | 1/24/29 | 628 | 594 | |
7 | Morgan Stanley | 0.497% | 2/7/31 | 1,495 | 1,326 | |
1 | Morgan Stanley | 2.511% | 10/20/32 | 5,120 | 4,193 | |
Morgan Stanley | 5.466% | 1/18/35 | 200 | 200 | ||
Morgan Stanley | 5.948% | 1/19/38 | 1,578 | 1,573 | ||
Nasdaq Inc. | 5.950% | 8/15/53 | 215 | 221 | ||
Nasdaq Inc. | 6.100% | 6/28/63 | 198 | 205 | ||
NextEra Energy Capital Holdings Inc. | 5.749% | 9/1/25 | 804 | 808 | ||
NiSource Inc. | 5.250% | 3/30/28 | 534 | 536 | ||
5 | Northwestern Mutual Life Insurance Co. | 3.850% | 9/30/47 | 252 | 196 | |
5 | Northwestern Mutual Life Insurance Co. | 3.625% | 9/30/59 | 40 | 28 | |
5 | Oglethorpe Power Corp. | 6.191% | 1/1/31 | 184 | 183 | |
Oglethorpe Power Corp. | 5.050% | 10/1/48 | 177 | 156 | ||
Oracle Corp. | 3.650% | 3/25/41 | 1,345 | 1,034 | ||
Oracle Corp. | 4.500% | 7/8/44 | 981 | 823 | ||
Oracle Corp. | 3.950% | 3/25/51 | 1,129 | 841 | ||
Pacific Gas & Electric Co. | 4.500% | 7/1/40 | 2,453 | 2,061 | ||
Pacific Gas & Electric Co. | 4.200% | 6/1/41 | 2,754 | 2,164 | ||
5 | Pennsylvania Electric Co. | 5.150% | 3/30/26 | 65 | 64 | |
5 | Pennsylvania Electric Co. | 3.250% | 3/15/28 | 1,766 | 1,629 | |
5 | Pennsylvania Electric Co. | 3.600% | 6/1/29 | 229 | 211 | |
5 | Penske Truck Leasing Co. LP | 3.950% | 3/10/25 | 1,251 | 1,227 | |
5 | Penske Truck Leasing Co. LP | 4.000% | 7/15/25 | 180 | 176 | |
5 | Penske Truck Leasing Co. LP | 5.875% | 11/15/27 | 4,026 | 4,087 | |
5 | Penske Truck Leasing Co. LP | 6.050% | 8/1/28 | 1,622 | 1,659 | |
Philip Morris International Inc. | 5.125% | 2/13/31 | 1,355 | 1,333 | ||
Philip Morris International Inc. | 5.250% | 2/13/34 | 5,006 | 4,891 | ||
Piedmont Natural Gas Co. Inc. | 4.650% | 8/1/43 | 877 | 762 | ||
Progressive Corp. | 3.950% | 3/26/50 | 1,336 | 1,088 | ||
1,7 | Prologis Euro Finance LLC | 4.250% | 1/31/43 | 1,390 | 1,463 | |
3,5 | Prologis Targeted US Logistics Fund LP | 5.250% | 4/1/29 | 550 | 547 | |
Providence St. Joseph Health Obligated Group | 5.403% | 10/1/33 | 2,488 | 2,476 | ||
1 | Providence St. Joseph Health Obligated Group | 3.930% | 10/1/48 | 225 | 174 | |
1 | Prudential Financial Inc. | 3.700% | 3/13/51 | 1,663 | 1,263 | |
Realty Income Corp. | 2.200% | 6/15/28 | 314 | 279 | ||
7 | Realty Income Corp. | 4.875% | 7/6/30 | 5,610 | 6,379 | |
Realty Income Corp. | 2.850% | 12/15/32 | 132 | 109 | ||
Realty Income Corp. | 4.900% | 7/15/33 | 1,577 | 1,505 | ||
Realty Income Corp. | 5.125% | 2/15/34 | 975 | 944 | ||
9 | Realty Income Corp. | 6.000% | 12/5/39 | 1,590 | 2,092 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
RTX Corp. | 4.450% | 11/16/38 | 725 | 644 | ||
1 | San Diego Gas & Electric Co. | 4.100% | 6/15/49 | 287 | 231 | |
5 | SBA Tower Trust | 1.884% | 1/15/26 | 245 | 227 | |
5 | SBA Tower Trust | 1.631% | 11/15/26 | 2,265 | 2,032 | |
1 | SCE Recovery Funding LLC | 0.861% | 11/15/31 | 308 | 262 | |
1 | SCE Recovery Funding LLC | 1.942% | 5/15/38 | 165 | 121 | |
1 | SCE Recovery Funding LLC | 2.510% | 11/15/43 | 95 | 64 | |
Sierra Pacific Power Co. | 2.600% | 5/1/26 | 149 | 141 | ||
1 | Southern California Edison Co. | 3.700% | 8/1/25 | 30 | 29 | |
1 | Southern California Edison Co. | 2.950% | 2/1/51 | 870 | 557 | |
Southern California Edison Co. | 5.875% | 12/1/53 | 894 | 908 | ||
Southern Co. | 4.400% | 7/1/46 | 7 | 6 | ||
Southern Co. Gas Capital Corp. | 5.750% | 9/15/33 | 710 | 727 | ||
1 | SSM Health Care Corp. | 3.823% | 6/1/27 | 320 | 307 | |
1 | Sutter Health | 2.294% | 8/15/30 | 190 | 162 | |
Targa Resources Corp. | 6.150% | 3/1/29 | 1,040 | 1,072 | ||
5 | Texas Electric Market Stabilization Funding N LLC | 4.265% | 8/1/34 | 1,453 | 1,402 | |
T-Mobile USA Inc. | 2.050% | 2/15/28 | 2,175 | 1,938 | ||
T-Mobile USA Inc. | 5.750% | 1/15/54 | 844 | 854 | ||
T-Mobile USA Inc. | 6.000% | 6/15/54 | 168 | 176 | ||
Toledo Hospital | 5.750% | 11/15/38 | 205 | 205 | ||
1 | United Airlines Pass-Through Trust Class B Series 2018-1 | 4.600% | 3/1/26 | 38 | 36 | |
UnitedHealth Group Inc. | 3.850% | 6/15/28 | 903 | 869 | ||
UnitedHealth Group Inc. | 2.000% | 5/15/30 | 264 | 222 | ||
UnitedHealth Group Inc. | 4.200% | 1/15/47 | 72 | 61 | ||
UnitedHealth Group Inc. | 4.750% | 5/15/52 | 99 | 90 | ||
UnitedHealth Group Inc. | 5.050% | 4/15/53 | 1,809 | 1,721 | ||
Verizon Communications Inc. | 2.875% | 11/20/50 | 250 | 159 | ||
Verizon Communications Inc. | 2.987% | 10/30/56 | 1,758 | 1,093 | ||
Verizon Communications Inc. | 3.000% | 11/20/60 | 260 | 158 | ||
5 | VICI Properties LP | 4.250% | 12/1/26 | 6,101 | 5,843 | |
1,8 | Walt Disney Co. | 3.057% | 3/30/27 | 2,350 | 1,650 | |
Warnermedia Holdings Inc. | 4.054% | 3/15/29 | 1,157 | 1,069 | ||
1,8 | Wells Fargo & Co. | 2.975% | 5/19/26 | 625 | 442 | |
Wells Fargo & Co. | 6.303% | 10/23/29 | 2,147 | 2,225 | ||
1 | Wells Fargo & Co. | 2.879% | 10/30/30 | 479 | 420 | |
Wells Fargo & Co. | 5.389% | 4/24/34 | 1,000 | 984 | ||
1 | Wells Fargo & Co. | 4.611% | 4/25/53 | 2,063 | 1,800 | |
Welltower OP LLC | 4.125% | 3/15/29 | 3,840 | 3,651 | ||
3 | Westinghouse Air Brake Technologies Corp. | 5.611% | 3/11/34 | 3,870 | 3,886 | |
279,228 | ||||||
Total Corporate Bonds (Cost $494,309) | 487,420 | |||||
Sovereign Bonds (4.5%) | ||||||
Australia (0.3%) | ||||||
1,11 | Commonwealth of Australia | 2.750% | 11/21/27 | 135 | 85 | |
1,11 | Commonwealth of Australia | 2.250% | 5/21/28 | 4,036 | 2,474 | |
1,11 | Commonwealth of Australia | 1.000% | 11/21/31 | 1,401 | 729 | |
1,11 | Commonwealth of Australia | 4.500% | 4/21/33 | 5,010 | 3,353 | |
6,641 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Bermuda (0.0%) | ||||||
1,5 | Bermuda | 2.375% | 8/20/30 | 200 | 167 | |
1,5 | Bermuda | 3.375% | 8/20/50 | 200 | 134 | |
301 | ||||||
Bulgaria (0.3%) | ||||||
1,7 | Republic of Bulgaria | 4.500% | 1/27/33 | 6,210 | 7,010 | |
5,7 | Republic of Bulgaria | 4.500% | 1/27/33 | 245 | 277 | |
7,287 | ||||||
Canada (0.5%) | ||||||
8 | Canadian Government Bond | 0.750% | 10/1/24 | 1,395 | 1,005 | |
8 | Canadian Government Bond | 4.500% | 2/1/26 | 1,553 | 1,151 | |
8 | Canadian Government Bond | 2.750% | 9/1/27 | 1,700 | 1,214 | |
8 | Canadian Government Bond | 1.500% | 6/1/31 | 350 | 225 | |
8 | Canadian Government Bond | 3.250% | 12/1/33 | 1,652 | 1,194 | |
8 | Canadian Government Bond | 3.500% | 12/1/45 | 693 | 515 | |
8 | Canadian Government Bond | 2.000% | 12/1/51 | 250 | 139 | |
8 | Canadian Government Bond | 1.750% | 12/1/53 | 634 | 327 | |
8 | City of Montreal | 3.150% | 12/1/36 | 750 | 481 | |
8 | City of Montreal | 3.500% | 12/1/38 | 410 | 267 | |
8 | City of Montreal | 2.400% | 12/1/41 | 1,000 | 539 | |
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 | 1,674 | |
8 | Province of Ontario | 2.900% | 6/2/28 | 1,910 | 1,354 | |
1,10 | Province of Ontario | 0.250% | 6/28/29 | 985 | 1,052 | |
8 | Regional Municipality of York | 2.150% | 6/22/31 | 800 | 517 | |
12,237 | ||||||
Chile (0.0%) | ||||||
1 | Corp. Nacional del Cobre de Chile | 3.625% | 8/1/27 | 650 | 611 | |
France (0.2%) | ||||||
7 | French Republic | 2.000% | 11/25/32 | 3,790 | 3,837 | |
Germany (0.7%) | ||||||
1,7 | Federal Republic of Germany | 3.100% | 12/12/25 | 15,870 | 17,172 | |
Japan (0.7%) | ||||||
1,12 | Japan | 0.000% | 5/10/24 | 1,871,850 | 12,488 | |
1,12 | Japan | 1.100% | 6/20/43 | 305,350 | 1,924 | |
1,12 | Japan | 0.700% | 6/20/51 | 117,800 | 616 | |
1,12 | Japan | 0.700% | 9/20/51 | 59,400 | 310 | |
1,12 | Japan | 1.200% | 6/20/53 | 72,900 | 427 | |
15,765 | ||||||
Mexico (0.1%) | ||||||
1 | United Mexican States | 6.400% | 5/7/54 | 2,275 | 2,245 | |
Norway (0.1%) | ||||||
Equinor ASA | 3.000% | 4/6/27 | 1,701 | 1,609 | ||
Qatar (0.0%) | ||||||
1,5 | State of Qatar | 5.103% | 4/23/48 | 255 | 246 | |
1,5 | State of Qatar | 4.400% | 4/16/50 | 780 | 682 | |
928 | ||||||
Romania (0.3%) | ||||||
5,7 | Republic of Romania | 5.375% | 3/22/31 | 6,765 | 7,270 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Saudi Arabia (0.4%) | ||||||
1,5 | Kingdom of Saudi Arabia | 5.000% | 1/16/34 | 2,990 | 2,937 | |
1,5 | Kingdom of Saudi Arabia | 5.000% | 1/18/53 | 765 | 675 | |
1,5 | Kingdom of Saudi Arabia | 5.750% | 1/16/54 | 3,768 | 3,645 | |
1,5 | Saudi Arabian Oil Co. | 2.875% | 4/16/24 | 500 | 498 | |
1,5 | Saudi Arabian Oil Co. | 3.500% | 4/16/29 | 680 | 631 | |
8,386 | ||||||
Spain (0.0%) | ||||||
5,7 | Kingdom of Spain | 0.600% | 10/31/29 | 1,050 | 996 | |
Supranational (0.7%) | ||||||
1,7 | European Investment Bank | 1.500% | 10/16/48 | 5,690 | 4,414 | |
1,7 | European Union | 0.000% | 7/4/35 | 1,740 | 1,344 | |
1,7 | European Union | 0.200% | 6/4/36 | 5,385 | 4,144 | |
1,7 | European Union | 2.625% | 2/4/48 | 6,155 | 5,923 | |
15,825 | ||||||
United Kingdom (0.2%) | ||||||
9 | United Kingdom | 0.625% | 7/31/35 | 2,460 | 2,113 | |
9 | United Kingdom | 0.625% | 10/22/50 | 3,990 | 2,028 | |
9 | United Kingdom | 3.750% | 10/22/53 | 325 | 355 | |
4,496 | ||||||
Total Sovereign Bonds (Cost $110,437) | 105,606 | |||||
Taxable Municipal Bonds (0.6%) | ||||||
United States (0.6%) | ||||||
Broward County FL Airport System Revenue | 3.477% | 10/1/43 | 110 | 89 | ||
Chicago IL Transit Authority Sales & Transfer Tax Receipts Revenue | 6.899% | 12/1/40 | 340 | 377 | ||
Dallas-Fort Worth TX International Airport Revenue | 3.089% | 11/1/40 | 90 | 71 | ||
Dallas-Fort Worth TX International Airport Revenue | 4.087% | 11/1/51 | 55 | 47 | ||
Dallas-Fort Worth TX International Airport Revenue | 4.507% | 11/1/51 | 320 | 291 | ||
Georgia Municipal Electric Power Authority Revenue | 6.637% | 4/1/57 | 918 | 1,035 | ||
Golden State Tobacco Securitization Corp. California Revenue | 3.000% | 6/1/46 | 130 | 120 | ||
Grand Parkway Transportation Corp. Texas System Toll Revenue | 3.236% | 10/1/52 | 320 | 233 | ||
Illinois GO | 5.100% | 6/1/33 | 4,675 | 4,604 | ||
13 | Kansas Development Finance Authority Revenue | 2.774% | 5/1/51 | 475 | 329 | |
14 | Kansas Development Finance Authority Revenue (Employees Retirement System) | 5.371% | 5/1/26 | 325 | 325 | |
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 | 186 | ||
New York Metropolitan Transportation Authority Revenue (Build America Bonds) | 6.814% | 11/15/40 | 805 | 889 | ||
15 | Philadelphia PA Authority for Industrial Development Revenue | 6.550% | 10/15/28 | 635 | 675 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Port Authority of New York & New Jersey Revenue | 5.647% | 11/1/40 | 2,060 | 2,151 | ||
Port Authority of New York & New Jersey Revenue | 4.458% | 10/1/62 | 225 | 200 | ||
Texas Natural Gas Securitization Finance Corp. Revenue (Winter Storm Uri) | 5.102% | 4/1/35 | 980 | 987 | ||
Texas Natural Gas Securitization Finance Corp. Revenue (Winter Storm Uri) | 5.169% | 4/1/41 | 745 | 755 | ||
Total Taxable Municipal Bonds (Cost $14,622) | 13,523 | |||||
Shares | ||||||
Temporary Cash Investments (2.5%) | ||||||
Money Market Fund (2.5%) | ||||||
16 | Vanguard Market Liquidity Fund (Cost $60,317) | 5.400% | 603,425 | 60,336 | ||
Total Investments (99.8%) (Cost $2,050,938) | 2,361,644 | |||||
Other Assets and Liabilities—Net (0.2%) | 5,141 | |||||
Net Assets (100%) | 2,366,785 |
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 29, 2024. |
4 | Securities with a value of $1,677,000 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 29, 2024, the aggregate value was $151,239,000, representing 6.4% 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 Swiss francs. |
11 | Face amount denominated in Australian dollars. |
12 | Face amount denominated in Japanese yen. |
13 | Scheduled principal and interest payments are guaranteed by Build America Mutual Assurance Co. |
14 | Scheduled principal and interest payments are guaranteed by Assured Guaranty Municipal Corp. |
15 | Scheduled principal and interest payments are guaranteed by National Public Finance Guarantee Corp. |
16 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
ADR—American Depositary Receipt. | |
GO—General Obligation Bond. | |
REMICS—Real Estate Mortgage Investment Conduits. | |
SOFR30A—30 Day Average Secured Overnight Financing Rate. | |
TSFR1M—CME Term Secured Overnight Financing Rate 1-Month. | |
UMBS—Uniform Mortgage-Backed Securities. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Short Futures Contracts | ||||
10-Year U.S. Treasury Note | June 2024 | (125) | (13,805) | — |
Euro-Bobl | March 2024 | (91) | (11,430) | 32 |
Euro-Bund | March 2024 | (66) | (9,462) | 73 |
Long Gilt | June 2024 | (32) | (3,962) | (1) |
Ultra 10-Year U.S. Treasury Note | June 2024 | (161) | (18,382) | (32) |
72 |
Forward Currency Contracts | |||||||
Contract Settlement Date | Contract Amount (000) | Unrealized Appreciation ($000) | Unrealized (Depreciation) ($000) | ||||
Counterparty | Receive | Deliver | |||||
Goldman Sachs International | 3/28/24 | EUR | 2,146 | USD | 2,324 | — | (3) |
JPMorgan Chase Bank, N.A. | 3/28/24 | EUR | 1,318 | USD | 1,425 | 1 | — |
JPMorgan Chase Bank, N.A. | 3/28/24 | EUR | 1 | USD | 1 | — | — |
JPMorgan Chase Bank, N.A. | 3/28/24 | GBP | 2 | USD | 3 | — | — |
Goldman Sachs International | 3/28/24 | USD | 9,878 | AUD | 15,092 | 60 | — |
Goldman Sachs International | 3/28/24 | USD | 14,811 | CAD | 20,011 | 61 | — |
JPMorgan Chase Bank, N.A. | 3/28/24 | AUD | 900 | CAD | 796 | — | (1) |
Goldman Sachs International | 3/28/24 | USD | 4,848 | CHF | 4,254 | 25 | — |
JPMorgan Chase Bank, N.A. | 3/28/24 | USD | 193,193 | EUR | 177,644 | 1,003 | — |
Goldman Sachs International | 3/28/24 | GBP | 2,921 | EUR | 3,412 | — | (4) |
JPMorgan Chase Bank, N.A. | 3/28/24 | USD | 29,589 | GBP | 23,319 | 148 | — |
JPMorgan Chase Bank, N.A. | 3/28/24 | USD | 11,919 | JPY | 1,788,473 | — | (56) |
JPMorgan Chase Bank, N.A. | 3/28/24 | AUD | 3,733 | JPY | 366,900 | — | (28) |
Forward Currency Contracts (continued) | |||||||
Contract Settlement Date | Contract Amount (000) | Unrealized Appreciation ($000) | Unrealized (Depreciation) ($000) | ||||
Counterparty | Receive | Deliver | |||||
JPMorgan Chase Bank, N.A. | 3/28/24 | GBP | 1,169 | JPY | 222,587 | — | (15) |
JPMorgan Chase Bank, N.A. | 3/28/24 | USD | 3 | SEK | 30 | — | — |
1,298 | (107) |
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 $1,990,621) | 2,301,308 |
Affiliated Issuers (Cost $60,317) | 60,336 |
Total Investments in Securities | 2,361,644 |
Investment in Vanguard | 73 |
Foreign Currency, at Value (Cost $484) | 482 |
Receivables for Investment Securities Sold | 39,505 |
Receivables for Accrued Income | 14,103 |
Receivables for Capital Shares Issued | 1,920 |
Unrealized Appreciation—Forward Currency Contracts | 1,298 |
Total Assets | 2,419,025 |
Liabilities | |
Due to Custodian | 7 |
Payables for Investment Securities Purchased | 48,999 |
Payables for Capital Shares Redeemed | 1,733 |
Payables to Investment Advisor | 992 |
Payables to Vanguard | 279 |
Variation Margin Payable—Futures Contracts | 123 |
Unrealized Depreciation—Forward Currency Contracts | 107 |
Total Liabilities | 52,240 |
Net Assets | 2,366,785 |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 2,033,139 |
Total Distributable Earnings (Loss) | 333,646 |
Net Assets | 2,366,785 |
Investor Shares—Net Assets | |
Applicable to 10,702,108 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 274,536 |
Net Asset Value Per Share—Investor Shares | $25.65 |
Admiral Shares—Net Assets | |
Applicable to 65,238,498 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,092,249 |
Net Asset Value Per Share—Admiral Shares | $32.07 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 16,007 |
Interest2 | 16,834 |
Securities Lending—Net | 1 |
Total Income | 32,842 |
Expenses | |
Investment Advisory Fees—Note B | |
Basic Fee | 1,632 |
Performance Adjustment | 336 |
The Vanguard Group—Note C | |
Management and Administrative—Investor Shares | 359 |
Management and Administrative—Admiral Shares | 1,541 |
Marketing and Distribution—Investor Shares | 9 |
Marketing and Distribution—Admiral Shares | 47 |
Custodian Fees | 28 |
Shareholders’ Reports—Investor Shares | 8 |
Shareholders’ Reports—Admiral Shares | 16 |
Trustees’ Fees and Expenses | 1 |
Other Expenses | 60 |
Total Expenses | 4,037 |
Expenses Paid Indirectly | (7) |
Net Expenses | 4,030 |
Net Investment Income | 28,812 |
Realized Net Gain (Loss) | |
Investment Securities Sold2 | 28,702 |
Futures Contracts | 246 |
Forward Currency Contracts | 1,335 |
Foreign Currencies | (32) |
Realized Net Gain (Loss) | 30,251 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 97,154 |
Futures Contracts | 283 |
Forward Currency Contracts | 1,028 |
Foreign Currencies | (28) |
Change in Unrealized Appreciation (Depreciation) | 98,437 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 157,500 |
1 | Dividends are net of foreign withholding taxes of $461,000. |
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 $1,484,000, ($2,000), less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 28,812 | 52,038 | |
Realized Net Gain (Loss) | 30,251 | (18,260) | |
Change in Unrealized Appreciation (Depreciation) | 98,437 | 146,443 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 157,500 | 180,221 | |
Distributions | |||
Investor Shares | (3,263) | (10,955) | |
Admiral Shares | (25,970) | (78,051) | |
Total Distributions | (29,233) | (89,006) | |
Capital Share Transactions | |||
Investor Shares | 14,192 | 9,516 | |
Admiral Shares | 216,885 | 117,762 | |
Net Increase (Decrease) from Capital Share Transactions | 231,077 | 127,278 | |
Total Increase (Decrease) | 359,344 | 218,493 | |
Net Assets | |||
Beginning of Period | 2,007,441 | 1,788,948 | |
End of Period | 2,366,785 | 2,007,441 |
Investor Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $24.34 | $23.18 | $26.18 | $22.29 | $21.41 | $20.51 |
Investment Operations | ||||||
Net Investment Income1 | .311 | .630 | .566 | .410 | .430 | .443 |
Net Realized and Unrealized Gain (Loss) on Investments | 1.318 | 1.659 | (2.711) | 3.871 | .874 | .920 |
Total from Investment Operations | 1.629 | 2.289 | (2.145) | 4.281 | 1.304 | 1.363 |
Distributions | ||||||
Dividends from Net Investment Income | (.309) | (.560) | (.446) | (.391) | (.389) | (.426) |
Distributions from Realized Capital Gains | (.010) | (.569) | (.409) | — | (.035) | (.037) |
Total Distributions | (.319) | (1.129) | (.855) | (.391) | (.424) | (.463) |
Net Asset Value, End of Period | $25.65 | $24.34 | $23.18 | $26.18 | $22.29 | $21.41 |
Total Return2 | 6.75% | 10.18% | -8.43% | 19.36% | 6.22% | 6.80% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $275 | $247 | $226 | $247 | $181 | $176 |
Ratio of Total Expenses to Average Net Assets3 | 0.48%4 | 0.50%4 | 0.45%4 | 0.42% | 0.44% | 0.46% |
Ratio of Net Investment Income to Average Net Assets | 2.53% | 2.66% | 2.26% | 1.68% | 2.01% | 2.19% |
Portfolio Turnover Rate | 37%5 | 93%5 | 77%5 | 68%5 | 58%5 | 54% |
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 0.03%, 0.04%, (0.01%), (0.03%), (0.01%), and 0.01%. |
4 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.48%, 0.50% and 0.44%, respectively. |
5 | Includes 1%, 15%, 15%, 20%, and 10%, respectively, attributable to mortgage-dollar-roll activity. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $30.43 | $28.98 | $32.74 | $27.87 | $26.76 | $25.65 |
Investment Operations | ||||||
Net Investment Income1 | .408 | .827 | .750 | .554 | .564 | .583 |
Net Realized and Unrealized Gain (Loss) on Investments | 1.651 | 2.072 | (3.398) | 4.842 | 1.104 | 1.132 |
Total from Investment Operations | 2.059 | 2.899 | (2.648) | 5.396 | 1.668 | 1.715 |
Distributions | ||||||
Dividends from Net Investment Income | (.406) | (.738) | (.601) | (.526) | (.514) | (.559) |
Distributions from Realized Capital Gains | (.013) | (.711) | (.511) | — | (.044) | (.046) |
Total Distributions | (.419) | (1.449) | (1.112) | (.526) | (.558) | (.605) |
Net Asset Value, End of Period | $32.07 | $30.43 | $28.98 | $32.74 | $27.87 | $26.76 |
Total Return2 | 6.82% | 10.32% | -8.33% | 19.53% | 6.38% | 6.85% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,092 | $1,761 | $1,563 | $1,577 | $1,129 | $826 |
Ratio of Total Expenses to Average Net Assets3 | 0.35%4 | 0.37%4 | 0.32%4 | 0.29% | 0.34% | 0.36% |
Ratio of Net Investment Income to Average Net Assets | 2.65% | 2.79% | 2.39% | 1.81% | 2.11% | 2.29% |
Portfolio Turnover Rate | 37%5 | 93%5 | 77%5 | 68%5 | 58%5 | 54% |
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 0.03%, 0.04%, (0.01%), (0.03%), (0.01%), and 0.01%. |
4 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.35%, 0.37% and 0.32%, respectively. |
5 | Includes 1%, 15%, 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 | 881,329 | — | — | 881,329 |
Common Stocks—Other | 57,870 | 599,075 | — | 656,945 |
U.S. Government and Agency Obligations | — | 134,863 | — | 134,863 |
Asset-Backed/Commercial Mortgage-Backed Securities | — | 21,622 | — | 21,622 |
Corporate Bonds | — | 487,420 | — | 487,420 |
Sovereign Bonds | — | 105,606 | — | 105,606 |
Taxable Municipal Bonds | — | 13,523 | — | 13,523 |
Temporary Cash Investments | 60,336 | — | — | 60,336 |
Total | 999,535 | 1,362,109 | — | 2,361,644 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 105 | — | — | 105 |
Forward Currency Contracts | — | 1,298 | — | 1,298 |
Total | 105 | 1,298 | — | 1,403 |
Liabilities | ||||
Futures Contracts1 | 33 | — | — | 33 |
Forward Currency Contracts | — | 107 | — | 107 |
Total | 33 | 107 | — | 140 |
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 | 105 | — | 105 |
Unrealized Appreciation—Forward Currency Contracts | — | 1,298 | 1,298 |
Total Assets | 105 | 1,298 | 1,403 |
Unrealized Depreciation—Futures Contracts1 | 33 | — | 33 |
Unrealized Depreciation—Forward Currency Contracts | — | 107 | 107 |
Total Liabilities | 33 | 107 | 140 |
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 | 246 | — | 246 |
Forward Currency Contracts | — | 1,335 | 1,335 |
Realized Net Gain (Loss) on Derivatives | 246 | 1,335 | 1,581 |
Change in Unrealized Appreciation (Depreciation) on Derivatives | |||
Futures Contracts | 283 | — | 283 |
Forward Currency Contracts | — | 1,028 | 1,028 |
Change in Unrealized Appreciation (Depreciation) on Derivatives | 283 | 1,028 | 1,311 |
Amount ($000) | |
Tax Cost | 2,054,270 |
Gross Unrealized Appreciation | 373,232 |
Gross Unrealized Depreciation | (64,595) |
Net Unrealized Appreciation (Depreciation) | 308,637 |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Investor Shares | |||||
Issued | 47,102 | 1,898 | 60,560 | 2,543 | |
Issued in Lieu of Cash Distributions | 2,909 | 118 | 9,722 | 418 | |
Redeemed | (35,819) | (1,456) | (60,766) | (2,570) | |
Net Increase (Decrease)—Investor Shares | 14,192 | 560 | 9,516 | 391 | |
Admiral Shares | |||||
Issued | 404,261 | 13,435 | 365,250 | 12,306 | |
Issued in Lieu of Cash Distributions | 22,727 | 734 | 68,549 | 2,361 | |
Redeemed | (210,103) | (6,788) | (316,037) | (10,739) | |
Net Increase (Decrease)—Admiral Shares | 216,885 | 7,381 | 117,762 | 3,928 |
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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 29, 2024 | |||
Beginning Account Value 8/31/2023 | Ending Account Value 2/29/2024 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Global Wellesley Income Fund | |||
Investor Shares | $1,000.00 | $1,045.60 | $2.24 |
Admiral™ Shares | 1,000.00 | 1,046.50 | 1.58 |
Based on Hypothetical 5% Yearly Return | |||
Global Wellesley Income Fund | |||
Investor Shares | $1,000.00 | $1,022.68 | $2.21 |
Admiral Shares | 1,000.00 | 1,023.32 | 1.56 |
United States | 53.2% |
France | 8.3 |
United Kingdom | 6.5 |
Japan | 4.6 |
Switzerland | 3.9 |
Canada | 3.9 |
Germany | 2.3 |
Italy | 2.2 |
Australia | 2.2 |
Norway | 1.8 |
Spain | 1.5 |
Supranational | 1.3 |
Denmark | 1.3 |
Other | 7.0 |
Shares | Market Value• ($000) | |||||
Common Stocks (36.9%) | ||||||
Australia (0.8%) | ||||||
Rio Tinto plc | 63,439 | 4,070 | ||||
Canada (2.1%) | ||||||
Bank of Nova Scotia | 94,788 | 4,596 | ||||
Royal Bank of Canada | 40,133 | 3,898 | ||||
Enbridge Inc. | 75,422 | 2,592 | ||||
11,086 | ||||||
France (4.6%) | ||||||
TotalEnergies SE | 103,257 | 6,582 | ||||
AXA SA | 156,343 | 5,566 | ||||
Bureau Veritas SA | 145,594 | 4,230 | ||||
Engie SA | 245,427 | 3,938 | ||||
Pernod Ricard SA | 21,994 | 3,676 | ||||
23,992 | ||||||
Hong Kong (0.6%) | ||||||
AIA Group Ltd. | 423,800 | 3,416 | ||||
Italy (0.8%) | ||||||
FinecoBank Banca Fineco SpA | 289,165 | 4,006 | ||||
Japan (2.9%) | ||||||
Mitsubishi UFJ Financial Group Inc. | 406,853 | 4,180 | ||||
Tokio Marine Holdings Inc. | 141,797 | 4,143 | ||||
Isuzu Motors Ltd. | 259,427 | 3,702 | ||||
KDDI Corp. | 102,490 | 3,098 | ||||
15,123 | ||||||
Netherlands (0.6%) | ||||||
Koninklijke KPN NV | 794,088 | 2,903 | ||||
Norway (1.3%) | ||||||
DNB Bank ASA | 178,060 | 3,565 | ||||
Equinor ASA | 127,668 | 3,146 | ||||
6,711 | ||||||
Spain (0.7%) | ||||||
Industria de Diseno Textil SA | 77,730 | 3,458 | ||||
Switzerland (1.8%) | ||||||
Novartis AG (Registered) | 48,783 | 4,922 | ||||
UBS Group AG (Registered) | 155,871 | 4,451 | ||||
9,373 |
Shares | Market Value• ($000) | |||||
Taiwan (0.7%) | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 171,000 | 3,747 | ||||
United Kingdom (4.0%) | ||||||
BAE Systems plc | 362,694 | 5,693 | ||||
AstraZeneca plc | 39,701 | 5,004 | ||||
National Grid plc | 286,939 | 3,755 | ||||
HSBC Holdings plc | 423,026 | 3,293 | ||||
Unilever plc | 63,026 | 3,078 | ||||
20,823 | ||||||
United States (16.0%) | ||||||
Philip Morris International Inc. | 61,625 | 5,544 | ||||
Merck & Co. Inc. | 40,483 | 5,147 | ||||
Ares Management Corp. Class A | 36,719 | 4,870 | ||||
Cisco Systems Inc. | 91,860 | 4,443 | ||||
Johnson & Johnson | 27,137 | 4,379 | ||||
Elevance Health Inc. | 8,684 | 4,353 | ||||
Crown Castle Inc. | 38,027 | 4,181 | ||||
Duke Energy Corp. | 42,017 | 3,859 | ||||
Microsoft Corp. | 9,125 | 3,775 | ||||
QUALCOMM Inc. | 23,925 | 3,775 | ||||
Texas Instruments Inc. | 21,821 | 3,651 | ||||
Home Depot Inc. | 9,467 | 3,603 | ||||
Pfizer Inc. | 134,627 | 3,576 | ||||
Coterra Energy Inc. | 135,118 | 3,483 | ||||
Deere & Co. | 9,364 | 3,418 | ||||
Bank of America Corp. | 96,773 | 3,341 | ||||
Exelon Corp. | 91,301 | 3,272 | ||||
Lockheed Martin Corp. | 7,479 | 3,203 | ||||
Darden Restaurants Inc. | 18,279 | 3,120 | ||||
Kenvue Inc. | 156,812 | 2,980 | ||||
Atmos Energy Corp. | 25,785 | 2,911 | ||||
Edison International | 37,537 | 2,553 | ||||
83,437 | ||||||
Total Common Stocks (Cost $152,376) | 192,145 | |||||
Coupon | Maturity Date | Face Amount ($000) | ||||
U.S. Government and Agency Obligations (10.8%) | ||||||
1,2 | Fannie Mae REMICS | 2.000% | 9/25/40 | 14 | 14 | |
1,2 | Fannie Mae REMICS | 2.500% | 5/25/45 | 219 | 200 | |
1,2 | Fannie Mae REMICS | 3.000% | 2/25/49 | 54 | 51 | |
1,2 | Fannie Mae REMICS | 3.500% | 6/25/44 | 79 | 75 | |
1,2 | Freddie Mac REMICS | 1.750% | 9/15/42 | 531 | 482 | |
1,2 | Freddie Mac REMICS | 2.000% | 7/25/50 | 617 | 521 | |
1,2 | Freddie Mac REMICS | 4.000% | 12/15/39–9/15/41 | 873 | 836 | |
1 | Ginnie Mae II Pool | 2.000% | 12/20/50–2/20/51 | 729 | 594 | |
1 | Ginnie Mae II Pool | 2.500% | 3/20/51–12/20/52 | 1,129 | 956 | |
1 | Ginnie Mae II Pool | 3.000% | 11/20/49–3/20/52 | 1,091 | 958 | |
1 | Ginnie Mae II Pool | 3.500% | 1/20/52–7/20/52 | 1,513 | 1,367 | |
1 | Ginnie Mae II Pool | 4.000% | 8/20/52 | 809 | 754 | |
1 | Ginnie Mae II Pool | 5.000% | 9/20/52 | 610 | 597 | |
1 | Ginnie Mae REMICS | 2.500% | 10/20/49 | 1,234 | 1,067 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Ginnie Mae REMICS | 2.750% | 9/20/44 | 62 | 58 | |
1,2 | UMBS Pool | 2.000% | 4/1/41–8/1/51 | 4,563 | 3,657 | |
1,2 | UMBS Pool | 2.500% | 1/1/52 | 1,436 | 1,189 | |
1,2 | UMBS Pool | 3.000% | 10/1/51 | 1,186 | 1,025 | |
1,2,3 | UMBS Pool | 3.500% | 7/1/51–3/25/54 | 645 | 582 | |
1,2,3 | UMBS Pool | 4.000% | 3/1/46–3/25/54 | 816 | 769 | |
1,2,3 | UMBS Pool | 4.500% | 1/1/38–3/25/54 | 2,040 | 1,975 | |
1,2,3 | UMBS Pool | 5.000% | 8/1/43–3/25/54 | 1,655 | 1,623 | |
1,2 | UMBS Pool | 5.500% | 1/1/53–9/1/53 | 4,782 | 4,738 | |
1,2,3 | UMBS Pool | 6.000% | 2/1/53–3/25/54 | 5,141 | 5,176 | |
United States Treasury Note/Bond | 1.750% | 8/15/41 | 670 | 446 | ||
United States Treasury Note/Bond | 2.000% | 11/15/41 | 578 | 400 | ||
United States Treasury Note/Bond | 2.375% | 2/15/42 | 731 | 537 | ||
United States Treasury Note/Bond | 3.375% | 8/15/42 | 215 | 184 | ||
United States Treasury Note/Bond | 3.750% | 12/31/28 | 2,010 | 1,964 | ||
United States Treasury Note/Bond | 3.875% | 2/15/43 | 320 | 293 | ||
United States Treasury Note/Bond | 4.000% | 1/15/27–11/15/42 | 10,825 | 10,663 | ||
United States Treasury Note/Bond | 4.125% | 2/15/27 | 2,068 | 2,051 | ||
United States Treasury Note/Bond | 4.250% | 9/30/24–2/15/54 | 1,740 | 1,708 | ||
4 | United States Treasury Note/Bond | 4.375% | 12/15/26–8/15/43 | 3,871 | 3,827 | |
United States Treasury Note/Bond | 4.500% | 11/15/33–2/15/44 | 2,263 | 2,291 | ||
United States Treasury Note/Bond | 4.750% | 11/15/43–11/15/53 | 2,853 | 2,944 | ||
Total U.S. Government and Agency Obligations (Cost $57,635) | 56,572 | |||||
Asset-Backed/Commercial Mortgage-Backed Securities (2.2%) | ||||||
Bermuda (0.0%) | ||||||
1,5 | Start II Ltd. Series 2019-1 | 4.089% | 3/15/44 | 108 | 99 | |
United States (2.2%) | ||||||
1,5 | Aligned Data Centers Issuer LLC Series 2021-1A | 1.937% | 8/15/46 | 740 | 671 | |
1,5,6 | BX Trust Series 2021-ARIA, TSFR1M + 1.411% | 6.729% | 10/15/36 | 770 | 755 | |
1,5 | Castlelake Aircraft Structured Trust Series 2019-1A | 3.967% | 4/15/39 | 144 | 129 | |
1,5 | CF Hippolyta Issuer LLC Series 2020-1 | 1.690% | 7/15/60 | 169 | 157 | |
1,5 | CF Hippolyta Issuer LLC Series 2021-1A | 1.530% | 3/15/61 | 546 | 491 | |
1,5 | CF Hippolyta Issuer LLC Series 2022-1A | 5.970% | 8/15/62 | 244 | 237 | |
1,5,6 | Connecticut Avenue Securities Trust Series 2021-R01, SOFR30A + 1.550% | 6.872% | 10/25/41 | 145 | 146 | |
1,5 | Enterprise Fleet Financing LLC Series 2023-3 | 6.400% | 3/20/30 | 1,065 | 1,081 | |
1,2 | Freddie Mac Multifamily Structured Pass-Through Certificates Series K142 | 2.400% | 3/25/32 | 820 | 692 | |
1,2,5,6 | Freddie Mac STACR REMICS Trust Series 2020-DNA5, SOFR30A + 2.800% | 8.122% | 10/25/50 | 135 | 137 | |
1,5 | Home Partners of America Trust Series 2021-2 | 2.302% | 12/17/26 | 683 | 617 | |
1,5 | Kubota Credit Owner Trust Series 2023-2A | 5.280% | 1/18/28 | 685 | 687 | |
1,5 | Navient Private Education Refi Loan Trust Series 2023-A | 5.510% | �� 10/15/71 | 808 | 800 | |
1,5 | New Economy Assets Phase 1 Sponsor LLC Series 2021-1 | 1.910% | 10/20/61 | 975 | 851 | |
1,5 | New Economy Assets Phase 1 Sponsor LLC Series 2021-1 | 2.410% | 10/20/61 | 245 | 203 | |
1,5 | Retained Vantage Data Centers Issuer LLC Series 2023-1A | 5.000% | 9/15/48 | 1,543 | 1,450 | |
1 | Seasoned Credit Risk Transfer Trust Series 2019-3 | 3.500% | 10/25/58 | 140 | 131 | |
1,5 | Towd Point Mortgage Trust Series 2018-1 | 3.000% | 1/25/58 | 52 | 50 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1,5 | Wheels Fleet Lease Funding LLC Series 2023-1A | 5.800% | 4/18/38 | 1,425 | 1,426 | |
1,5 | Wheels Fleet Lease Funding LLC Series 2023-2A | 6.460% | 8/18/38 | 730 | 733 | |
11,444 | ||||||
Total Asset-Backed/Commercial Mortgage-Backed Securities (Cost $11,744) | 11,543 | |||||
Corporate Bonds (40.1%) | ||||||
Australia (0.9%) | ||||||
5 | Commonwealth Bank of Australia | 5.071% | 9/14/28 | 1,500 | 1,510 | |
5 | Glencore Funding LLC | 6.375% | 10/6/30 | 2,047 | 2,150 | |
5 | Glencore Funding LLC | 5.700% | 5/8/33 | 255 | 258 | |
5 | Glencore Funding LLC | 6.500% | 10/6/33 | 554 | 591 | |
4,509 | ||||||
Austria (0.2%) | ||||||
7 | A1 Towers Holding GmbH | 5.250% | 7/13/28 | 1,000 | 1,126 | |
Belgium (0.6%) | ||||||
1 | Anheuser-Busch Cos. LLC | 4.900% | 2/1/46 | 584 | 545 | |
1,7 | Anheuser-Busch InBev SA/NV | 1.650% | 3/28/31 | 355 | 342 | |
1,7 | Anheuser-Busch InBev SA/NV | 2.750% | 3/17/36 | 725 | 725 | |
1,7 | Argenta Spaarbank NV | 1.000% | 10/13/26 | 1,600 | 1,641 | |
3,253 | ||||||
Canada (0.7%) | ||||||
5 | Constellation Software Inc. | 5.158% | 2/16/29 | 130 | 130 | |
5 | Constellation Software Inc. | 5.461% | 2/16/34 | 1,681 | 1,680 | |
8 | Emera Inc. | 4.838% | 5/2/30 | 1,560 | 1,140 | |
Fortis Inc. | 3.055% | 10/4/26 | 625 | 590 | ||
3,540 | ||||||
Denmark (1.3%) | ||||||
1,7 | Danfoss Finance II BV | 4.125% | 12/2/29 | 1,330 | 1,470 | |
7 | Danske Bank A/S | 0.500% | 8/27/25 | 610 | 648 | |
5 | Danske Bank A/S | 6.466% | 1/9/26 | 1,550 | 1,555 | |
5 | Danske Bank A/S | 1.621% | 9/11/26 | 875 | 820 | |
1,9 | Danske Bank A/S | 2.250% | 1/14/28 | 560 | 644 | |
3,5 | Danske Bank A/S | 5.705% | 3/1/30 | 280 | 280 | |
1,7 | Danske Bank A/S | 4.750% | 6/21/30 | 1,220 | 1,364 | |
6,781 | ||||||
France (3.4%) | ||||||
1,7 | Banque Federative du Credit Mutuel SA | 4.375% | 5/2/30 | 1,300 | 1,434 | |
7 | Banque Federative du Credit Mutuel SA | 3.875% | 6/16/32 | 1,500 | 1,584 | |
1,7 | BNP Paribas SA | 0.125% | 9/4/26 | 400 | 397 | |
5 | BNP Paribas SA | 5.335% | 6/12/29 | 1,490 | 1,488 | |
1,7 | BNP Paribas SA | 4.250% | 4/13/31 | 1,100 | 1,217 | |
1,7 | BNP Paribas SA | 1.125% | 1/15/32 | 400 | 391 | |
1,9 | BNP Paribas SA | 5.750% | 6/13/32 | 600 | 768 | |
5 | BNP Paribas SA | 5.894% | 12/5/34 | 635 | 650 | |
5 | BPCE SA | 6.714% | 10/19/29 | 1,415 | 1,469 | |
1,7 | BPCE SA | 1.750% | 2/2/34 | 1,200 | 1,133 | |
7 | BPCE SFH SA | 3.000% | 10/17/29 | 1,200 | 1,286 | |
1,7 | Carmila SA | 5.500% | 10/9/28 | 700 | 788 | |
5 | Credit Agricole SA | 6.316% | 10/3/29 | 741 | 765 | |
1,7 | Credit Agricole SA | 4.375% | 11/27/33 | 1,300 | 1,454 | |
1,7 | Credit Agricole SA | 3.875% | 11/28/34 | 200 | 219 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
5 | Danone SA | 2.947% | 11/2/26 | 285 | 270 | |
1,7 | Engie SA | 0.375% | 6/11/27 | 1,300 | 1,266 | |
1,7 | Engie SA | 4.000% | 1/11/35 | 400 | 431 | |
1,7 | Engie SA | 2.000% | 9/28/37 | 500 | 429 | |
5 | WEA Finance LLC | 3.500% | 6/15/29 | 110 | 95 | |
17,534 | ||||||
Germany (1.2%) | ||||||
5 | Daimler Truck Finance North America LLC | 5.150% | 1/16/26 | 310 | 309 | |
5 | Daimler Truck Finance North America LLC | 5.125% | 1/19/28 | 150 | 150 | |
Deutsche Bank AG | 6.119% | 7/14/26 | 1,545 | 1,548 | ||
Deutsche Bank AG | 6.819% | 11/20/29 | 670 | 693 | ||
1,9 | E.ON International Finance BV | 6.250% | 6/3/30 | 155 | 207 | |
1,9 | E.ON International Finance BV | 6.375% | 6/7/32 | 855 | 1,150 | |
1,7 | E.ON SE | 3.875% | 1/12/35 | 435 | 474 | |
1,7 | Eurogrid GmbH | 3.279% | 9/5/31 | 1,200 | 1,266 | |
7 | Wintershall Dea Finance BV | 1.823% | 9/25/31 | 500 | 450 | |
6,247 | ||||||
Ireland (0.0%) | ||||||
5 | Avolon Holdings Funding Ltd. | 2.125% | 2/21/26 | 178 | 165 | |
Italy (1.5%) | ||||||
7 | Autostrade per l'Italia SpA | 2.000% | 12/4/28 | 2,025 | 2,007 | |
7 | Autostrade per l'Italia SpA | 2.000% | 1/15/30 | 420 | 401 | |
1,7 | Autostrade per l'Italia SpA | 4.750% | 1/24/31 | 165 | 183 | |
1,7 | Autostrade per l'Italia SpA | 5.125% | 6/14/33 | 785 | 884 | |
1,7 | Banco BPM SpA | 0.750% | 3/15/27 | 1,295 | 1,285 | |
7 | Intesa Sanpaolo SpA | 3.625% | 6/30/28 | 2,630 | 2,866 | |
7,626 | ||||||
Japan (0.3%) | ||||||
5 | NTT Finance Corp. | 1.162% | 4/3/26 | 700 | 645 | |
1,10 | Toyota Motor Finance Netherlands BV | 2.130% | 6/15/27 | 805 | 927 | |
1,572 | ||||||
Luxembourg (0.4%) | ||||||
5 | JAB Holdings BV | 3.750% | 5/28/51 | 500 | 325 | |
5 | JAB Holdings BV | 4.500% | 4/8/52 | 445 | 329 | |
1,7 | P3 Group Sarl | 1.625% | 1/26/29 | 1,530 | 1,450 | |
2,104 | ||||||
Netherlands (0.3%) | ||||||
1,9 | Cooperatieve Rabobank UA | 4.625% | 5/23/29 | 425 | 507 | |
1,7 | Koninklijke KPN NV | 0.875% | 11/15/33 | 500 | 420 | |
Shell International Finance BV | 4.000% | 5/10/46 | 275 | 226 | ||
Shell International Finance BV | 3.000% | 11/26/51 | 340 | 228 | ||
1,381 | ||||||
Norway (0.5%) | ||||||
1,7 | Aker BP ASA | 1.125% | 5/12/29 | 750 | 704 | |
5 | Aker BP ASA | 4.000% | 1/15/31 | 1,900 | 1,716 | |
2,420 | ||||||
Portugal (0.5%) | ||||||
1,7 | EDP - Energias de Portugal SA | 3.875% | 6/26/28 | 1,200 | 1,309 | |
1,7 | EDP Finance BV | 1.875% | 9/21/29 | 1,100 | 1,088 | |
2,397 | ||||||
South Africa (0.1%) | ||||||
1,7 | Anglo American Capital plc | 4.750% | 9/21/32 | 625 | 704 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Spain (0.7%) | ||||||
1,7 | Banco de Sabadell SA | 3.500% | 8/28/26 | 1,700 | 1,839 | |
1,7 | CaixaBank SA | 4.250% | 9/6/30 | 1,100 | 1,220 | |
1,7 | CaixaBank SA | 5.125% | 7/19/34 | 700 | 804 | |
3,863 | ||||||
Switzerland (2.1%) | ||||||
5 | Alcon Finance Corp. | 3.000% | 9/23/29 | 2,965 | 2,658 | |
Credit Suisse AG | 7.500% | 2/15/28 | 1,816 | 1,956 | ||
7 | Sika Capital BV | 1.500% | 4/29/31 | 955 | 903 | |
UBS AG | 5.650% | 9/11/28 | 1,845 | 1,882 | ||
7 | UBS Group AG | 7.750% | 3/1/29 | 1,225 | 1,499 | |
1,7 | UBS Group AG | 4.750% | 3/17/32 | 1,155 | 1,297 | |
5 | UBS Group AG | 6.301% | 9/22/34 | 783 | 808 | |
11,003 | ||||||
United Arab Emirates (0.6%) | ||||||
5 | DAE Funding LLC | 1.550% | 8/1/24 | 1,125 | 1,103 | |
5 | Galaxy Pipeline Assets Bidco Ltd. | 2.160% | 3/31/34 | 2,226 | 1,909 | |
3,012 | ||||||
United Kingdom (2.1%) | ||||||
5 | Ashtead Capital Inc. | 2.450% | 8/12/31 | 1,212 | 976 | |
5 | Ashtead Capital Inc. | 5.500% | 8/11/32 | 300 | 293 | |
5 | Ashtead Capital Inc. | 5.550% | 5/30/33 | 205 | 200 | |
5 | Ashtead Capital Inc. | 5.950% | 10/15/33 | 325 | 327 | |
5 | Ashtead Capital Inc. | 5.800% | 4/15/34 | 305 | 302 | |
1,7 | Barclays plc | 5.262% | 1/29/34 | 330 | 377 | |
1,8 | BP Capital Markets plc | 3.470% | 5/15/25 | 1,325 | 959 | |
7 | BUPA Finance plc | 5.000% | 10/12/30 | 1,670 | 1,888 | |
9 | Grainger plc | 3.000% | 7/3/30 | 1,230 | 1,304 | |
9 | Hammerson plc | 7.250% | 4/21/28 | 1,050 | 1,358 | |
1,9 | Heathrow Funding Ltd. | 2.750% | 10/13/29 | 790 | 880 | |
1,9 | National Grid Electricity Transmission plc | 2.000% | 9/16/38 | 635 | 522 | |
1,9 | National Grid Electricity Transmission plc | 2.000% | 4/17/40 | 310 | 244 | |
1,7 | National Grid plc | 0.163% | 1/20/28 | 925 | 872 | |
1,7 | National Grid plc | 3.875% | 1/16/29 | 650 | 708 | |
11,210 | ||||||
United States (22.7%) | ||||||
AbbVie Inc. | 4.950% | 3/15/31 | 645 | 645 | ||
AbbVie Inc. | 4.050% | 11/21/39 | 667 | 585 | ||
AbbVie Inc. | 5.350% | 3/15/44 | 50 | 50 | ||
AbbVie Inc. | 5.400% | 3/15/54 | 115 | 117 | ||
Aircastle Ltd. | 4.250% | 6/15/26 | 858 | 832 | ||
1 | Alabama Power Co. | 4.300% | 7/15/48 | 275 | 230 | |
American Express Co. | 5.043% | 5/1/34 | 1,487 | 1,458 | ||
American International Group Inc. | 3.400% | 6/30/30 | 1,949 | 1,759 | ||
7 | American Medical Systems Europe BV | 3.500% | 3/8/32 | 1,250 | 1,342 | |
5 | American Transmission Systems Inc. | 2.650% | 1/15/32 | 605 | 497 | |
Archer-Daniels-Midland Co. | 2.900% | 3/1/32 | 805 | 686 | ||
Archer-Daniels-Midland Co. | 4.500% | 8/15/33 | 667 | 636 | ||
Arizona Public Service Co. | 4.350% | 11/15/45 | 560 | 460 | ||
AT&T Inc. | 4.300% | 12/15/42 | 972 | 821 | ||
AT&T Inc. | 4.750% | 5/15/46 | 995 | 871 | ||
AT&T Inc. | 3.500% | 9/15/53 | 879 | 605 | ||
5 | Athene Global Funding | 1.450% | 1/8/26 | 1,481 | 1,368 | |
5 | Athene Global Funding | 2.500% | 3/24/28 | 1,475 | 1,307 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
5 | Athene Global Funding | 5.583% | 1/9/29 | 685 | 682 | |
Bank of America Corp. | 5.202% | 4/25/29 | 1,050 | 1,044 | ||
Bank of America Corp. | 5.819% | 9/15/29 | 1,289 | 1,314 | ||
Bank of America Corp. | 3.311% | 4/22/42 | 625 | 474 | ||
7 | Becton Dickinson Euro Finance Sarl | 0.334% | 8/13/28 | 875 | 823 | |
Boeing Co. | 5.805% | 5/1/50 | 1,158 | 1,113 | ||
7 | Booking Holdings Inc. | 4.500% | 11/15/31 | 120 | 137 | |
7 | Booking Holdings Inc. | 4.125% | 5/12/33 | 610 | 679 | |
5 | Boston Gas Co. | 3.001% | 8/1/29 | 105 | 92 | |
BP Capital Markets America Inc. | 3.001% | 3/17/52 | 1,115 | 740 | ||
5 | Broadcom Inc. | 3.469% | 4/15/34 | 1,587 | 1,340 | |
5 | Broadcom Inc. | 4.926% | 5/15/37 | 786 | 732 | |
5 | Brooklyn Union Gas Co. | 4.273% | 3/15/48 | 760 | 575 | |
Capital One Financial Corp. | 7.149% | 10/29/27 | 2,752 | 2,853 | ||
Capital One Financial Corp. | 5.700% | 2/1/30 | 105 | 105 | ||
7 | Carrier Global Corp. | 4.500% | 11/29/32 | 810 | 913 | |
CenterPoint Energy Resources Corp. | 5.250% | 3/1/28 | 1,120 | 1,128 | ||
Charter Communications Operating LLC | 2.250% | 1/15/29 | 65 | 55 | ||
Charter Communications Operating LLC | 5.050% | 3/30/29 | 435 | 416 | ||
Charter Communications Operating LLC | 6.384% | 10/23/35 | 305 | 295 | ||
Charter Communications Operating LLC | 3.700% | 4/1/51 | 40 | 24 | ||
Citizens Financial Group Inc. | 5.841% | 1/23/30 | 265 | 262 | ||
Cleco Corporate Holdings LLC | 3.375% | 9/15/29 | 270 | 235 | ||
5 | Columbia Pipelines Holding Co. LLC | 5.681% | 1/15/34 | 190 | 186 | |
5 | Columbia Pipelines Operating Co. LLC | 5.927% | 8/15/30 | 225 | 229 | |
5 | Columbia Pipelines Operating Co. LLC | 6.497% | 8/15/43 | 402 | 427 | |
Comcast Corp. | 3.250% | 11/1/39 | 355 | 273 | ||
Comcast Corp. | 4.000% | 3/1/48 | 20 | 16 | ||
Comcast Corp. | 2.887% | 11/1/51 | 961 | 609 | ||
Comcast Corp. | 4.049% | 11/1/52 | 6 | 5 | ||
Comcast Corp. | 2.937% | 11/1/56 | 447 | 275 | ||
Comcast Corp. | 2.650% | 8/15/62 | 130 | 72 | ||
Comcast Corp. | 2.987% | 11/1/63 | 4 | 2 | ||
Consolidated Edison Co. of New York Inc. | 4.500% | 5/15/58 | 100 | 84 | ||
Corebridge Financial Inc. | 4.350% | 4/5/42 | 1,178 | 974 | ||
5 | Corebridge Global Funding | 5.900% | 9/19/28 | 160 | 163 | |
5 | Cox Communications Inc. | 3.500% | 8/15/27 | 1,255 | 1,185 | |
CVS Health Corp. | 2.875% | 6/1/26 | 1,000 | 950 | ||
CVS Health Corp. | 4.300% | 3/25/28 | 96 | 93 | ||
Dignity Health | 3.812% | 11/1/24 | 659 | 649 | ||
Discovery Communications LLC | 3.625% | 5/15/30 | 565 | 497 | ||
Discovery Communications LLC | 5.300% | 5/15/49 | 274 | 223 | ||
Discovery Communications LLC | 4.000% | 9/15/55 | 401 | 265 | ||
1 | Dominion Energy Inc. | 3.375% | 4/1/30 | 92 | 83 | |
1 | Dominion Energy Inc. | 4.900% | 8/1/41 | 583 | 522 | |
Dominion Energy South Carolina Inc. | 6.625% | 2/1/32 | 156 | 173 | ||
Dominion Energy South Carolina Inc. | 5.300% | 5/15/33 | 129 | 130 | ||
Dominion Energy South Carolina Inc. | 5.450% | 2/1/41 | 250 | 247 | ||
Dominion Energy South Carolina Inc. | 4.600% | 6/15/43 | 280 | 247 | ||
Duke Energy Progress LLC | 4.200% | 8/15/45 | 350 | 288 | ||
1 | Eastern Gas Transmission & Storage Inc. | 4.600% | 12/15/44 | 625 | 531 | |
Eaton Corp. | 4.700% | 8/23/52 | 80 | 74 | ||
Energy Transfer LP | 6.000% | 6/15/48 | 395 | 387 | ||
5 | Equitable Financial Life Global Funding | 1.400% | 7/7/25 | 100 | 94 | |
5 | Equitable Financial Life Global Funding | 1.300% | 7/12/26 | 600 | 543 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
5 | Equitable Financial Life Global Funding | 1.400% | 8/27/27 | 565 | 490 | |
5 | ERAC USA Finance LLC | 5.200% | 10/30/34 | 565 | 560 | |
Extra Space Storage LP | 5.500% | 7/1/30 | 1,059 | 1,064 | ||
Extra Space Storage LP | 5.900% | 1/15/31 | 225 | 230 | ||
Florida Power & Light Co. | 5.050% | 4/1/28 | 125 | 126 | ||
7 | Fortive Corp. | 3.700% | 8/15/29 | 1,515 | 1,638 | |
5 | GA Global Funding Trust | 5.500% | 1/8/29 | 790 | 780 | |
7 | General Mills Inc. | 3.907% | 4/13/29 | 765 | 835 | |
5 | Genting New York LLC | 3.300% | 2/15/26 | 1,002 | 929 | |
Georgia Power Co. | 4.300% | 3/15/42 | 1,486 | 1,268 | ||
1 | Georgia Power Co. | 3.700% | 1/30/50 | 35 | 26 | |
Georgia Power Co. | 5.125% | 5/15/52 | 700 | 664 | ||
GLP Capital LP | 6.750% | 12/1/33 | 1,497 | 1,555 | ||
Goldman Sachs Group Inc. | 1.431% | 3/9/27 | 1,310 | 1,211 | ||
1 | Goldman Sachs Group Inc. | 3.814% | 4/23/29 | 235 | 222 | |
1 | Goldman Sachs Group Inc. | 4.223% | 5/1/29 | 285 | 273 | |
5 | Gray Oak Pipeline LLC | 2.600% | 10/15/25 | 291 | 277 | |
5 | Gray Oak Pipeline LLC | 3.450% | 10/15/27 | 45 | 42 | |
HCA Inc. | 5.450% | 4/1/31 | 270 | 269 | ||
HEICO Corp. | 5.250% | 8/1/28 | 1,057 | 1,064 | ||
HEICO Corp. | 5.350% | 8/1/33 | 1,987 | 1,975 | ||
Home Depot Inc. | 3.300% | 4/15/40 | 1,179 | 924 | ||
7 | Honeywell International Inc. | 3.750% | 5/17/32 | 510 | 556 | |
7 | Honeywell International Inc. | 4.125% | 11/2/34 | 860 | 957 | |
Humana Inc. | 5.875% | 3/1/33 | 489 | 502 | ||
Humana Inc. | 5.500% | 3/15/53 | 471 | 456 | ||
5 | Hyundai Capital America | 6.250% | 11/3/25 | 2,648 | 2,678 | |
Intel Corp. | 5.600% | 2/21/54 | 1,131 | 1,131 | ||
Intercontinental Exchange Inc. | 4.350% | 6/15/29 | 1,768 | 1,716 | ||
5 | ITC Holdings Corp. | 4.950% | 9/22/27 | 295 | 293 | |
JPMorgan Chase & Co. | 4.912% | 7/25/33 | 912 | 885 | ||
1 | JPMorgan Chase & Co. | 3.964% | 11/15/48 | 500 | 402 | |
1 | Kaiser Foundation Hospitals | 2.810% | 6/1/41 | 710 | 520 | |
Kaiser Foundation Hospitals | 4.875% | 4/1/42 | 235 | 223 | ||
Kenvue Inc. | 5.050% | 3/22/53 | 617 | 594 | ||
5 | KeySpan Gas East Corp. | 2.742% | 8/15/26 | 500 | 466 | |
Kite Realty Group LP | 5.500% | 3/1/34 | 1,906 | 1,863 | ||
LKQ Corp. | 5.750% | 6/15/28 | 275 | 278 | ||
3,7 | LKQ Dutch Bond BV | 4.125% | 3/13/31 | 1,230 | 1,330 | |
LXP Industrial Trust | 6.750% | 11/15/28 | 1,557 | 1,603 | ||
M&T Bank Corp. | 7.413% | 10/30/29 | 1,748 | 1,834 | ||
Marsh & McLennan Cos. Inc. | 4.375% | 3/15/29 | 705 | 689 | ||
5 | Massachusetts Mutual Life Insurance Co. | 3.375% | 4/15/50 | 140 | 97 | |
Merck & Co. Inc. | 5.000% | 5/17/53 | 656 | 636 | ||
MetLife Inc. | 5.375% | 7/15/33 | 1,585 | 1,594 | ||
5 | Metropolitan Edison Co. | 5.200% | 4/1/28 | 40 | 40 | |
1 | Morgan Stanley | 3.125% | 7/27/26 | 2,100 | 2,002 | |
1 | Morgan Stanley | 3.772% | 1/24/29 | 175 | 165 | |
7 | Morgan Stanley | 0.497% | 2/7/31 | 675 | 599 | |
1 | Morgan Stanley | 2.511% | 10/20/32 | 2,170 | 1,777 | |
Morgan Stanley | 5.466% | 1/18/35 | 155 | 155 | ||
Nasdaq Inc. | 5.950% | 8/15/53 | 105 | 108 | ||
Nasdaq Inc. | 6.100% | 6/28/63 | 95 | 99 | ||
NextEra Energy Capital Holdings Inc. | 5.749% | 9/1/25 | 375 | 377 | ||
NiSource Inc. | 5.250% | 3/30/28 | 255 | 256 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
5 | Northwestern Mutual Life Insurance Co. | 3.850% | 9/30/47 | 280 | 218 | |
5 | Northwestern Mutual Life Insurance Co. | 3.625% | 9/30/59 | 12 | 8 | |
5 | Oglethorpe Power Corp. | 6.191% | 1/1/31 | 249 | 248 | |
Oglethorpe Power Corp. | 4.550% | 6/1/44 | 20 | 16 | ||
Oglethorpe Power Corp. | 4.250% | 4/1/46 | 81 | 62 | ||
Oracle Corp. | 3.650% | 3/25/41 | 1,350 | 1,038 | ||
Oracle Corp. | 4.500% | 7/8/44 | 480 | 403 | ||
Pacific Gas & Electric Co. | 4.500% | 7/1/40 | 1,148 | 965 | ||
Pacific Gas & Electric Co. | 4.200% | 6/1/41 | 370 | 291 | ||
Pacific Gas & Electric Co. | 6.750% | 1/15/53 | 473 | 507 | ||
5 | Pennsylvania Electric Co. | 5.150% | 3/30/26 | 35 | 35 | |
5 | Pennsylvania Electric Co. | 3.600% | 6/1/29 | 124 | 114 | |
5 | Penske Truck Leasing Co. LP | 3.950% | 3/10/25 | 740 | 726 | |
5 | Penske Truck Leasing Co. LP | 4.000% | 7/15/25 | 140 | 137 | |
5 | Penske Truck Leasing Co. LP | 5.700% | 2/1/28 | 205 | 207 | |
5 | Penske Truck Leasing Co. LP | 5.550% | 5/1/28 | 815 | 819 | |
5 | Penske Truck Leasing Co. LP | 6.200% | 6/15/30 | 890 | 921 | |
Philip Morris International Inc. | 5.125% | 2/13/31 | 580 | 571 | ||
Philip Morris International Inc. | 5.250% | 2/13/34 | 2,154 | 2,105 | ||
Piedmont Natural Gas Co. Inc. | 4.650% | 8/1/43 | 440 | 382 | ||
Progressive Corp. | 3.950% | 3/26/50 | 648 | 528 | ||
1,7 | Prologis Euro Finance LLC | 4.250% | 1/31/43 | 610 | 642 | |
3,5 | Prologis Targeted US Logistics Fund LP | 5.250% | 4/1/29 | 235 | 234 | |
Providence St. Joseph Health Obligated Group | 5.403% | 10/1/33 | 1,000 | 995 | ||
1 | Providence St. Joseph Health Obligated Group | 3.930% | 10/1/48 | 245 | 189 | |
1 | Prudential Financial Inc. | 3.700% | 3/13/51 | 830 | 630 | |
QUALCOMM Inc. | 4.500% | 5/20/52 | 160 | 141 | ||
Realty Income Corp. | 2.200% | 6/15/28 | 185 | 164 | ||
7 | Realty Income Corp. | 4.875% | 7/6/30 | 2,390 | 2,718 | |
Realty Income Corp. | 2.850% | 12/15/32 | 80 | 66 | ||
Realty Income Corp. | 4.900% | 7/15/33 | 277 | 264 | ||
Realty Income Corp. | 5.125% | 2/15/34 | 725 | 702 | ||
9 | Realty Income Corp. | 6.000% | 12/5/39 | 695 | 914 | |
RTX Corp. | 4.450% | 11/16/38 | 550 | 488 | ||
1 | San Diego Gas & Electric Co. | 4.100% | 6/15/49 | 174 | 140 | |
5 | SBA Tower Trust | 1.884% | 1/15/26 | 110 | 102 | |
5 | SBA Tower Trust | 1.631% | 11/15/26 | 615 | 552 | |
1 | SCE Recovery Funding LLC | 0.861% | 11/15/31 | 193 | 163 | |
1 | SCE Recovery Funding LLC | 1.942% | 5/15/38 | 105 | 77 | |
1 | SCE Recovery Funding LLC | 2.510% | 11/15/43 | 60 | 40 | |
Sierra Pacific Power Co. | 2.600% | 5/1/26 | 180 | 170 | ||
1 | Southern California Edison Co. | 3.700% | 8/1/25 | 30 | 29 | |
1 | Southern California Edison Co. | 2.950% | 2/1/51 | 515 | 330 | |
Southern California Edison Co. | 5.875% | 12/1/53 | 359 | 365 | ||
Southern Co. Gas Capital Corp. | 5.750% | 9/15/33 | 285 | 292 | ||
1 | SSM Health Care Corp. | 3.823% | 6/1/27 | 380 | 365 | |
Targa Resources Corp. | 6.150% | 3/1/29 | 465 | 479 | ||
5 | Texas Electric Market Stabilization Funding N LLC | 4.265% | 8/1/34 | 792 | 764 | |
T-Mobile USA Inc. | 5.750% | 1/15/54 | 717 | 725 | ||
Toledo Hospital | 5.750% | 11/15/38 | 150 | 150 | ||
1 | United Airlines Pass-Through Trust Class B Series 2018-1 | 4.600% | 3/1/26 | 40 | 39 | |
UnitedHealth Group Inc. | 3.850% | 6/15/28 | 415 | 400 | ||
UnitedHealth Group Inc. | 2.000% | 5/15/30 | 215 | 181 | ||
UnitedHealth Group Inc. | 4.750% | 5/15/52 | 50 | 46 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
UnitedHealth Group Inc. | 5.050% | 4/15/53 | 857 | 815 | ||
Verizon Communications Inc. | 2.875% | 11/20/50 | 180 | 115 | ||
Verizon Communications Inc. | 2.987% | 10/30/56 | 1,232 | 766 | ||
Verizon Communications Inc. | 3.000% | 11/20/60 | 183 | 111 | ||
5 | VICI Properties LP | 4.250% | 12/1/26 | 2,672 | 2,559 | |
1,8 | Walt Disney Co. | 3.057% | 3/30/27 | 1,225 | 860 | |
Warnermedia Holdings Inc. | 4.054% | 3/15/29 | 1,160 | 1,072 | ||
1,8 | Wells Fargo & Co. | 2.975% | 5/19/26 | 600 | 425 | |
Wells Fargo & Co. | 6.303% | 10/23/29 | 965 | 1,000 | ||
1 | Wells Fargo & Co. | 4.611% | 4/25/53 | 1,097 | 957 | |
3 | Westinghouse Air Brake Technologies Corp. | 5.611% | 3/11/34 | 1,660 | 1,667 | |
118,303 | ||||||
Total Corporate Bonds (Cost $212,816) | 208,750 | |||||
Sovereign Bonds (8.4%) | ||||||
Australia (0.5%) | ||||||
1,11 | Commonwealth of Australia | 2.750% | 11/21/27 | 160 | 101 | |
1,11 | Commonwealth of Australia | 2.250% | 5/21/28 | 1,183 | 725 | |
1,11 | Commonwealth of Australia | 1.000% | 11/21/31 | 181 | 94 | |
1,11 | Commonwealth of Australia | 4.500% | 4/21/33 | 2,713 | 1,816 | |
2,736 | ||||||
Bermuda (0.0%) | ||||||
1,5 | Bermuda | 2.375% | 8/20/30 | 200 | 167 | |
Bulgaria (0.6%) | ||||||
1,7 | Republic of Bulgaria | 4.500% | 1/27/33 | 2,760 | 3,116 | |
5,7 | Republic of Bulgaria | 4.500% | 1/27/33 | 145 | 163 | |
3,279 | ||||||
Canada (1.0%) | ||||||
8 | Canadian Government Bond | 1.000% | 9/1/26 | 1,065 | 731 | |
8 | Canadian Government Bond | 2.750% | 9/1/27 | 1,100 | 785 | |
8 | Canadian Government Bond | 1.750% | 12/1/53 | 219 | 113 | |
8 | City of Montreal | 3.500% | 12/1/38 | 910 | 594 | |
8 | City of Toronto | 3.200% | 8/1/48 | 1,000 | 583 | |
8 | Municipal Finance Authority of British Columbia | 4.950% | 12/1/27 | 600 | 456 | |
8 | Province of Ontario | 2.900% | 6/2/28 | 815 | 578 | |
1,10 | Province of Ontario | 0.250% | 6/28/29 | 1,075 | 1,148 | |
8 | Regional Municipality of York | 2.150% | 6/22/31 | 500 | 323 | |
5,311 | ||||||
Chile (0.2%) | ||||||
1 | Corp. Nacional del Cobre de Chile | 3.625% | 8/1/27 | 800 | 752 | |
France (0.3%) | ||||||
7 | French Republic | 2.000% | 11/25/32 | 1,660 | 1,681 | |
Germany (1.1%) | ||||||
1,7 | Federal Republic of Germany | 3.100% | 12/12/25 | 5,150 | 5,573 | |
Japan (1.3%) | ||||||
1,12 | Japan | 0.000% | 5/10/24 | 819,750 | 5,469 | |
1,12 | Japan | 1.100% | 6/20/43 | 135,400 | 853 | |
1,12 | Japan | 0.700% | 6/20/51 | 80,700 | 422 | |
1,12 | Japan | 1.200% | 6/20/53 | 32,650 | 192 | |
6,936 | ||||||
Mexico (0.2%) | ||||||
United Mexican States | 6.400% | 5/7/54 | 980 | 967 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Qatar (0.1%) | ||||||
1,5 | State of Qatar | 5.103% | 4/23/48 | 285 | 275 | |
1,5 | State of Qatar | 4.400% | 4/16/50 | 205 | 179 | |
454 | ||||||
Romania (0.6%) | ||||||
5,7 | Republic of Romania | 5.375% | 3/22/31 | 2,910 | 3,127 | |
Saudi Arabia (0.7%) | ||||||
1,5 | Kingdom of Saudi Arabia | 5.000% | 1/16/34 | 1,285 | 1,262 | |
1,5 | Kingdom of Saudi Arabia | 5.750% | 1/16/54 | 1,911 | 1,849 | |
1,5 | Saudi Arabian Oil Co. | 3.500% | 4/16/29 | 585 | 543 | |
3,654 | ||||||
Spain (0.1%) | ||||||
5,7 | Kingdom of Spain | 0.600% | 10/31/29 | 420 | 398 | |
Supranational (1.4%) | ||||||
1,7 | European Investment Bank | 1.500% | 10/16/48 | 2,220 | 1,722 | |
1,7 | European Union | 0.000% | 7/4/35 | 865 | 668 | |
1,7 | European Union | 0.200% | 6/4/36 | 2,015 | 1,551 | |
1,7 | European Union | 2.625% | 2/4/48 | 3,150 | 3,031 | |
6,972 | ||||||
United Kingdom (0.3%) | ||||||
9 | United Kingdom | 0.625% | 7/31/35 | 835 | 717 | |
9 | United Kingdom | 0.625% | 10/22/50 | 1,770 | 900 | |
1,617 | ||||||
Total Sovereign Bonds (Cost $45,851) | 43,624 | |||||
Taxable Municipal Bonds (1.1%) | ||||||
United States (1.1%) | ||||||
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 | 34 | 38 | ||
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 | 25 | ||
Dallas-Fort Worth TX International Airport Revenue | 4.507% | 11/1/51 | 175 | 159 | ||
Georgia Municipal Electric Power Authority Revenue | 6.637% | 4/1/57 | 525 | 592 | ||
Golden State Tobacco Securitization Corp. California Revenue | 3.000% | 6/1/46 | 75 | 69 | ||
Grand Parkway Transportation Corp. Texas System Toll Revenue | 3.236% | 10/1/52 | 210 | 153 | ||
Illinois GO | 5.100% | 6/1/33 | 2,090 | 2,058 | ||
13 | Kansas Development Finance Authority Revenue (Employees Retirement System) | 5.371% | 5/1/26 | 410 | 410 | |
New York Metropolitan Transportation Authority Revenue (Build America Bonds) | 6.200% | 11/15/26 | 10 | 10 | ||
New York Metropolitan Transportation Authority Revenue (Build America Bonds) | 6.668% | 11/15/39 | 155 | 170 | ||
New York Metropolitan Transportation Authority Revenue (Build America Bonds) | 6.814% | 11/15/40 | 380 | 419 | ||
14 | Philadelphia PA Authority for Industrial Development Revenue | 6.550% | 10/15/28 | 525 | 558 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Port Authority of New York & New Jersey Revenue | 3.175% | 7/15/60 | 160 | 109 | ||
Texas Natural Gas Securitization Finance Corp. Revenue (Winter Storm Uri) | 5.102% | 4/1/35 | 515 | 519 | ||
Texas Natural Gas Securitization Finance Corp. Revenue (Winter Storm Uri) | 5.169% | 4/1/41 | 390 | 395 | ||
Total Taxable Municipal Bonds (Cost $6,301) | 5,797 | |||||
Shares | ||||||
Temporary Cash Investments (0.0%) | ||||||
Money Market Fund (0.0%) | ||||||
15 | Vanguard Market Liquidity Fund (Cost $35) | 5.400% | 353 | 35 | ||
Total Investments (99.5%) (Cost $486,758) | 518,466 | |||||
Other Assets and Liabilities—Net (0.5%) | 2,523 | |||||
Net Assets (100%) | 520,989 |
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 | 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 29, 2024. |
4 | Securities with a value of $692,000 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 29, 2024, the aggregate value was $68,325,000, representing 13.1% 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 Swiss francs. |
11 | Face amount denominated in Australian dollars. |
12 | Face amount denominated in Japanese yen. |
13 | Scheduled principal and interest payments are guaranteed by Assured Guaranty Municipal Corp. |
14 | Scheduled principal and interest payments are guaranteed by National Public Finance Guarantee Corp. |
15 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
GO—General Obligation Bond. | |
REMICS—Real Estate Mortgage Investment Conduits. | |
SOFR30A—30 Day Average Secured Overnight Financing Rate. | |
TSFR1M—CME Term Secured Overnight Financing Rate 1-Month. | |
UMBS—Uniform Mortgage-Backed Securities. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Short Futures Contracts | ||||
10-Year U.S. Treasury Note | June 2024 | (55) | (6,074) | — |
Euro-Bobl | March 2024 | (46) | (5,778) | 11 |
Euro-Bund | March 2024 | (23) | (3,297) | 34 |
Long Gilt | June 2024 | (13) | (1,610) | — |
Ultra 10-Year U.S. Treasury Note | June 2024 | (61) | (6,965) | (16) |
29 |
Forward Currency Contracts | |||||||
Contract Settlement Date | Contract Amount (000) | Unrealized Appreciation ($000) | Unrealized (Depreciation) ($000) | ||||
Counterparty | Receive | Deliver | |||||
Goldman Sachs International | 3/28/24 | EUR | 864 | USD | 936 | — | (1) |
JPMorgan Chase Bank, N.A. | 3/28/24 | EUR | 598 | USD | 647 | — | — |
Goldman Sachs International | 3/28/24 | USD | 5,512 | AUD | 8,422 | 34 | — |
Goldman Sachs International | 3/28/24 | USD | 7,663 | CAD | 10,353 | 32 | — |
Goldman Sachs International | 3/28/24 | USD | 2,093 | CHF | 1,837 | 11 | — |
JPMorgan Chase Bank, N.A. | 3/28/24 | USD | 82,829 | EUR | 76,162 | 430 | — |
JPMorgan Chase Bank, N.A. | 3/28/24 | USD | 9,420 | GBP | 7,424 | 47 | — |
JPMorgan Chase Bank, N.A. | 3/28/24 | AUD | 1,970 | GBP | 1,016 | — | (2) |
Goldman Sachs International | 3/28/24 | EUR | 285 | GBP | 244 | — | — |
JPMorgan Chase Bank, N.A. | 3/28/24 | USD | 5,131 | JPY | 769,957 | — | (24) |
Forward Currency Contracts (continued) | |||||||
Contract Settlement Date | Contract Amount (000) | Unrealized Appreciation ($000) | Unrealized (Depreciation) ($000) | ||||
Counterparty | Receive | Deliver | |||||
JPMorgan Chase Bank, N.A. | 3/28/24 | AUD | 2,131 | JPY | 209,400 | — | (16) |
JPMorgan Chase Bank, N.A. | 3/28/24 | GBP | 341 | JPY | 65,000 | — | (4) |
554 | (47) |
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 Value | |
Unaffiliated Issuers (Cost $486,723) | 518,431 |
Affiliated Issuers (Cost $35) | 35 |
Total Investments in Securities | 518,466 |
Investment in Vanguard | 17 |
Foreign Currency, at Value (Cost $272) | 271 |
Receivables for Investment Securities Sold | 19,622 |
Receivables for Accrued Income | 4,472 |
Receivables for Capital Shares Issued | 77 |
Unrealized Appreciation—Forward Currency Contracts | 554 |
Total Assets | 543,479 |
Liabilities | |
Due to Custodian | 576 |
Payables for Investment Securities Purchased | 21,387 |
Payables for Capital Shares Redeemed | 180 |
Payables to Investment Advisor | 181 |
Payables to Vanguard | 69 |
Variation Margin Payable—Futures Contracts | 50 |
Unrealized Depreciation—Forward Currency Contracts | 47 |
Total Liabilities | 22,490 |
Net Assets | 520,989 |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 511,979 |
Total Distributable Earnings (Loss) | 9,010 |
Net Assets | 520,989 |
Investor Shares—Net Assets | |
Applicable to 3,959,305 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 83,157 |
Net Asset Value Per Share—Investor Shares | $21.00 |
Admiral Shares—Net Assets | |
Applicable to 16,674,243 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 437,832 |
Net Asset Value Per Share—Admiral Shares | $26.26 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 2,561 |
Interest2 | 7,120 |
Securities Lending—Net | 17 |
Total Income | 9,698 |
Expenses | |
Investment Advisory Fees—Note B | |
Basic Fee | 313 |
Performance Adjustment | 44 |
The Vanguard Group—Note C | |
Management and Administrative—Investor Shares | 108 |
Management and Administrative—Admiral Shares | 332 |
Marketing and Distribution—Investor Shares | 3 |
Marketing and Distribution—Admiral Shares | 11 |
Custodian Fees | 16 |
Shareholders’ Reports—Investor Shares | 6 |
Shareholders’ Reports—Admiral Shares | 8 |
Trustees’ Fees and Expenses | — |
Other Expenses | 26 |
Total Expenses | 867 |
Net Investment Income | 8,831 |
Realized Net Gain (Loss) | |
Investment Securities Sold2 | (6,112) |
Futures Contracts | 177 |
Forward Currency Contracts | 1,105 |
Foreign Currencies | 17 |
Realized Net Gain (Loss) | (4,813) |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 18,661 |
Futures Contracts | 90 |
Forward Currency Contracts | 422 |
Foreign Currencies | (19) |
Change in Unrealized Appreciation (Depreciation) | 19,154 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 23,172 |
1 | Dividends are net of foreign withholding taxes of $259,000. |
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 $244,000, less than $1,000, less than $1,000, and ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 8,831 | 17,493 | |
Realized Net Gain (Loss) | (4,813) | (23,632) | |
Change in Unrealized Appreciation (Depreciation) | 19,154 | 32,347 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 23,172 | 26,208 | |
Distributions | |||
Investor Shares | (1,206) | (1,869) | |
Admiral Shares | (6,830) | (10,739) | |
Total Distributions | (8,036) | (12,608) | |
Capital Share Transactions | |||
Investor Shares | (354) | (2,531) | |
Admiral Shares | (28,700) | (3,545) | |
Net Increase (Decrease) from Capital Share Transactions | (29,054) | (6,076) | |
Total Increase (Decrease) | (13,918) | 7,524 | |
Net Assets | |||
Beginning of Period | 534,907 | 527,383 | |
End of Period | 520,989 | 534,907 |
Investor Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $20.38 | $19.82 | $22.22 | $20.42 | $20.16 | $19.87 |
Investment Operations | ||||||
Net Investment Income1 | .335 | .645 | .474 | .446 | .453 | .513 |
Net Realized and Unrealized Gain (Loss) on Investments | .587 | .375 | (2.430) | 1.747 | .263 | .529 |
Total from Investment Operations | .922 | 1.020 | (1.956) | 2.193 | .716 | 1.042 |
Distributions | ||||||
Dividends from Net Investment Income | (.302) | (.460) | (.444) | (.393) | (.456) | (.473) |
Distributions from Realized Capital Gains | — | — | — | — | — | (.279) |
Total Distributions | (.302) | (.460) | (.444) | (.393) | (.456) | (.752) |
Net Asset Value, End of Period | $21.00 | $20.38 | $19.82 | $22.22 | $20.42 | $20.16 |
Total Return2 | 4.56% | 5.20% | -8.94% | 10.83% | 3.66% | 5.50% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $83 | $81 | $81 | $91 | $81 | $85 |
Ratio of Total Expenses to Average Net Assets3 | 0.44% | 0.44%4 | 0.42%4 | 0.41% | 0.41% | 0.42% |
Ratio of Net Investment Income to Average Net Assets | 3.27% | 3.20% | 2.23% | 2.09% | 2.27% | 2.63% |
Portfolio Turnover Rate | 57%5 | 150%5 | 119%5 | 99%5 | 72%5 | 90% |
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 0.02%, 0.02%, 0.00%, (0.01%), (0.01%), and (0.01%). |
4 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.44% and 0.42%, respectively. |
5 | Includes 1%, 28%, 27%, 33%, and 1%, respectively, attributable to mortgage-dollar-roll activity. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $25.48 | $24.78 | $27.78 | $25.53 | $25.20 | $24.84 |
Investment Operations | ||||||
Net Investment Income1 | .435 | .839 | .627 | .594 | .592 | .666 |
Net Realized and Unrealized Gain (Loss) on Investments | .739 | .468 | (3.035) | 2.178 | .334 | .658 |
Total from Investment Operations | 1.174 | 1.307 | (2.408) | 2.772 | .926 | 1.324 |
Distributions | ||||||
Dividends from Net Investment Income | (.394) | (.607) | (.592) | (.522) | (.596) | (.616) |
Distributions from Realized Capital Gains | — | — | — | — | — | (.348) |
Total Distributions | (.394) | (.607) | (.592) | (.522) | (.596) | (.964) |
Net Asset Value, End of Period | $26.26 | $25.48 | $24.78 | $27.78 | $25.53 | $25.20 |
Total Return2 | 4.65% | 5.33% | -8.81% | 10.96% | 3.79% | 5.60% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $438 | $454 | $446 | $488 | $389 | $379 |
Ratio of Total Expenses to Average Net Assets3 | 0.31% | 0.31%4 | 0.29%4 | 0.28% | 0.31% | 0.32% |
Ratio of Net Investment Income to Average Net Assets | 3.40% | 3.33% | 2.36% | 2.22% | 2.37% | 2.73% |
Portfolio Turnover Rate | 57%5 | 150%5 | 119%5 | 99%5 | 72%5 | 90% |
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 0.02%, 0.02%, 0.00%, (0.01%), (0.01%), and (0.01%). |
4 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.31% and 0.29%, respectively. |
5 | Includes 1%, 28%, 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 | 94,523 | — | — | 94,523 |
Common Stocks—Other | — | 97,622 | — | 97,622 |
U.S. Government and Agency Obligations | — | 56,572 | — | 56,572 |
Asset-Backed/Commercial Mortgage-Backed Securities | — | 11,543 | — | 11,543 |
Corporate Bonds | — | 208,750 | — | 208,750 |
Sovereign Bonds | — | 43,624 | — | 43,624 |
Taxable Municipal Bonds | — | 5,797 | — | 5,797 |
Temporary Cash Investments | 35 | — | — | 35 |
Total | 94,558 | 423,908 | — | 518,466 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 45 | — | — | 45 |
Forward Currency Contracts | — | 554 | — | 554 |
Total | 45 | 554 | — | 599 |
Liabilities | ||||
Futures Contracts1 | 16 | — | — | 16 |
Forward Currency Contracts | — | 47 | — | 47 |
Total | 16 | 47 | — | 63 |
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 | 45 | — | 45 |
Unrealized Appreciation—Forward Currency Contracts | — | 554 | 554 |
Total Assets | 45 | 554 | 599 |
Unrealized Depreciation—Futures Contracts1 | 16 | — | 16 |
Unrealized Depreciation—Forward Currency Contracts | — | 47 | 47 |
Total Liabilities | 16 | 47 | 63 |
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 | 177 | — | 177 |
Forward Currency Contracts | — | 1,105 | 1,105 |
Realized Net Gain (Loss) on Derivatives | 177 | 1,105 | 1,282 |
Change in Unrealized Appreciation (Depreciation) on Derivatives | |||
Futures Contracts | 90 | — | 90 |
Forward Currency Contracts | — | 422 | 422 |
Change in Unrealized Appreciation (Depreciation) on Derivatives | 90 | 422 | 512 |
Amount ($000) | |
Tax Cost | 487,046 |
Gross Unrealized Appreciation | 49,257 |
Gross Unrealized Depreciation | (17,301) |
Net Unrealized Appreciation (Depreciation) | 31,956 |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Investor Shares | |||||
Issued | 10,108 | 493 | 19,504 | 962 | |
Issued in Lieu of Cash Distributions | 1,039 | 50 | 1,601 | 80 | |
Redeemed | (11,501) | (561) | (23,636) | (1,168) | |
Net Increase (Decrease)—Investor Shares | (354) | (18) | (2,531) | (126) | |
Admiral Shares | |||||
Issued | 38,770 | 1,512 | 98,558 | 3,890 | |
Issued in Lieu of Cash Distributions | 5,342 | 208 | 8,446 | 336 | |
Redeemed | (72,812) | (2,857) | (110,549) | (4,412) | |
Net Increase (Decrease)—Admiral Shares | (28,700) | (1,137) | (3,545) | (186) |
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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 29, 2024 | |||
ESG U.S. Stock ETF | Beginning Account Value 8/31/2023 | Ending Account Value 2/29/2024 | Expenses Paid During Period |
Based on Actual Fund Return | $1,000.00 | $1,152.30 | $0.48 |
Based on Hypothetical 5% Yearly Return | 1,000.00 | 1,024.42 | 0.45 |
Basic Materials | 1.6% |
Consumer Discretionary | 16.0 |
Consumer Staples | 4.6 |
Energy | 0.1 |
Financials | 10.2 |
Health Care | 13.1 |
Industrials | 10.7 |
Real Estate | 3.1 |
Technology | 37.7 |
Telecommunications | 2.4 |
Utilities | 0.5 |
Shares | Market Value• ($000) | |||||
Common Stocks (99.6%) | ||||||
Basic Materials (1.6%) | ||||||
Linde plc | 95,767 | 42,982 | ||||
Air Products and Chemicals Inc. | 43,852 | 10,263 | ||||
Nucor Corp. | 49,322 | 9,485 | ||||
Fastenal Co. | 112,731 | 8,231 | ||||
Newmont Corp. | 229,304 | 7,166 | ||||
LyondellBasell Industries NV Class A | 51,195 | 5,134 | ||||
Steel Dynamics Inc. | 30,938 | 4,140 | ||||
International Flavors & Fragrances Inc. | 50,498 | 3,813 | ||||
Reliance Inc. | 11,337 | 3,642 | ||||
Avery Dennison Corp. | 15,988 | 3,462 | ||||
Albemarle Corp. | 23,811 | 3,282 | ||||
CF Industries Holdings Inc. | 38,001 | 3,067 | ||||
International Paper Co. | 68,207 | 2,412 | ||||
Mosaic Co. | 66,771 | 2,081 | ||||
United States Steel Corp. | 43,764 | 2,072 | ||||
FMC Corp. | 24,747 | 1,395 | ||||
UFP Industries Inc. | 11,898 | 1,364 | ||||
Royal Gold Inc. | 12,974 | 1,332 | ||||
* | Valvoline Inc. | 28,034 | 1,195 | |||
* | Arcadium Lithium plc | 210,334 | 1,155 | |||
Boise Cascade Co. | 7,849 | 1,067 | ||||
Element Solutions Inc. | 44,560 | 1,047 | ||||
Balchem Corp. | 6,281 | 987 | ||||
Cabot Corp. | 11,032 | 937 | ||||
Ashland Inc. | 9,502 | 890 | ||||
Westlake Corp. | 6,378 | 885 | ||||
Huntsman Corp. | 33,873 | 867 | ||||
NewMarket Corp. | 1,214 | 779 | ||||
Avient Corp. | 18,757 | 759 | ||||
Innospec Inc. | 5,136 | 638 | ||||
Sensient Technologies Corp. | 8,505 | 569 | ||||
Scotts Miracle-Gro Co. | 8,537 | 561 | ||||
Quaker Chemical Corp. | 2,566 | 514 | ||||
* | Constellium SE Class A | 25,750 | 499 | |||
Minerals Technologies Inc. | 6,777 | 490 | ||||
Hecla Mining Co. | 123,852 | 438 |
Shares | Market Value• ($000) | |||||
Sylvamo Corp. | 6,797 | 411 | ||||
Stepan Co. | 3,912 | 349 | ||||
* | MP Materials Corp. | 22,000 | 335 | |||
Tronox Holdings plc | 21,815 | 321 | ||||
* | Ingevity Corp. | 6,781 | 310 | |||
Orion SA | 10,441 | 235 | ||||
Kaiser Aluminum Corp. | 2,930 | 213 | ||||
* | Worthington Steel Inc. | 6,101 | 193 | |||
* | Coeur Mining Inc. | 70,828 | 183 | |||
*,1 | Sigma Lithium Corp. | 11,984 | 170 | |||
Compass Minerals International Inc. | 6,328 | 144 | ||||
* | Century Aluminum Co. | 10,032 | 105 | |||
* | Piedmont Lithium Inc. | 6,683 | 97 | |||
132,666 | ||||||
Consumer Discretionary (15.9%) | ||||||
* | Amazon.com Inc. | 1,782,194 | 315,021 | |||
* | Tesla Inc. | 546,311 | 110,289 | |||
Home Depot Inc. | 197,806 | 75,287 | ||||
Costco Wholesale Corp. | 87,555 | 65,131 | ||||
* | Netflix Inc. | 85,421 | 51,502 | |||
McDonald's Corp. | 144,106 | 42,119 | ||||
Walt Disney Co. | 362,490 | 40,447 | ||||
* | Uber Technologies Inc. | 389,394 | 30,957 | |||
Lowe's Cos. Inc. | 114,306 | 27,510 | ||||
NIKE Inc. Class B | 236,092 | 24,537 | ||||
* | Booking Holdings Inc. | 7,060 | 24,490 | |||
TJX Cos. Inc. | 227,884 | 22,592 | ||||
Starbucks Corp. | 223,008 | 21,163 | ||||
* | Chipotle Mexican Grill Inc. Class A | 5,479 | 14,732 | |||
* | MercadoLibre Inc. | 9,195 | 14,669 | |||
Target Corp. | 91,175 | 13,942 | ||||
* | O'Reilly Automotive Inc. | 11,662 | 12,682 | |||
* | Airbnb Inc. Class A | 80,312 | 12,647 | |||
Marriott International Inc. Class A | 48,238 | 12,053 | ||||
* | AutoZone Inc. | 3,478 | 10,455 | |||
* | Lululemon Athletica Inc. | 22,042 | 10,296 | |||
Hilton Worldwide Holdings Inc. | 49,337 | 10,081 | ||||
Ross Stores Inc. | 66,479 | 9,903 |
Shares | Market Value• ($000) | |||||
Ford Motor Co. | 776,978 | 9,666 | ||||
* | Copart Inc. | 169,956 | 9,033 | |||
Lennar Corp. Class A | 49,365 | 7,825 | ||||
Yum! Brands Inc. | 55,373 | 7,665 | ||||
* | Trade Desk Inc. Class A | 87,731 | 7,495 | |||
Electronic Arts Inc. | 53,426 | 7,452 | ||||
* | Spotify Technology SA | 27,711 | 7,105 | |||
Estee Lauder Cos. Inc. Class A | 43,309 | 6,435 | ||||
Dollar General Corp. | 43,522 | 6,324 | ||||
* | Dollar Tree Inc. | 41,200 | 6,043 | |||
* | Royal Caribbean Cruises Ltd. | 46,148 | 5,692 | |||
Tractor Supply Co. | 21,667 | 5,510 | ||||
* | Ulta Beauty Inc. | 9,721 | 5,333 | |||
eBay Inc. | 105,607 | 4,993 | ||||
* | Take-Two Interactive Software Inc. | 32,639 | 4,796 | |||
* | Deckers Outdoor Corp. | 5,156 | 4,618 | |||
PulteGroup Inc. | 42,325 | 4,587 | ||||
* | NVR Inc. | 567 | 4,324 | |||
* | Aptiv plc | 53,987 | 4,291 | |||
Garmin Ltd. | 30,387 | 4,174 | ||||
Genuine Parts Co. | 27,683 | 4,132 | ||||
* | Coupang Inc. | 216,599 | 4,011 | |||
* | Expedia Group Inc. | 27,292 | 3,734 | |||
* | ROBLOX Corp. Class A | 92,830 | 3,704 | |||
* | Warner Bros Discovery Inc. | 413,693 | 3,636 | |||
Omnicom Group Inc. | 38,840 | 3,433 | ||||
Best Buy Co. Inc. | 39,549 | 3,199 | ||||
* | Carnival Corp. | 196,407 | 3,115 | |||
Domino's Pizza Inc. | 6,864 | 3,077 | ||||
Pool Corp. | 7,560 | 3,010 | ||||
* | Live Nation Entertainment Inc. | 30,936 | 3,000 | |||
Williams-Sonoma Inc. | 12,614 | 2,971 | ||||
* | Liberty Media Corp.-Liberty Formula One Class C | 38,800 | 2,823 | |||
LKQ Corp. | 52,174 | 2,728 | ||||
News Corp. Class A | 98,167 | 2,639 | ||||
* | Burlington Stores Inc. | 12,814 | 2,628 | |||
* | Floor & Decor Holdings Inc. Class A | 20,994 | 2,543 | |||
* | CarMax Inc. | 31,981 | 2,527 | |||
Interpublic Group of Cos. Inc. | 77,883 | 2,446 | ||||
Toll Brothers Inc. | 21,103 | 2,419 | ||||
Rollins Inc. | 50,604 | 2,230 | ||||
* | Five Below Inc. | 11,060 | 2,220 | |||
* | elf Beauty Inc. | 10,630 | 2,217 | |||
Tapestry Inc. | 46,628 | 2,216 | ||||
Service Corp. International | 29,105 | 2,130 | ||||
Wingstop Inc. | 5,998 | 2,106 | ||||
Bath & Body Works Inc. | 45,440 | 2,077 |
Shares | Market Value• ($000) | |||||
* | BJ's Wholesale Club Holdings Inc. | 26,347 | 1,924 | |||
* | Grab Holdings Ltd. Class A | 585,719 | 1,798 | |||
Tempur Sealy International Inc. | 32,948 | 1,795 | ||||
Fox Corp. Class A | 60,254 | 1,795 | ||||
Vail Resorts Inc. | 7,549 | 1,739 | ||||
Autoliv Inc. | 14,662 | 1,701 | ||||
Gentex Corp. | 45,964 | 1,679 | ||||
PVH Corp. | 12,145 | 1,660 | ||||
* | Norwegian Cruise Line Holdings Ltd. | 85,222 | 1,652 | |||
* | Skechers USA Inc. Class A | 26,364 | 1,630 | |||
Lithia Motors Inc. Class A | 5,394 | 1,613 | ||||
Lear Corp. | 11,539 | 1,585 | ||||
Murphy USA Inc. | 3,798 | 1,584 | ||||
* | Etsy Inc. | 21,805 | 1,563 | |||
* | Crocs Inc. | 12,403 | 1,516 | |||
* | On Holding AG Class A | 42,871 | 1,501 | |||
* | SiteOne Landscape Supply Inc. | 8,817 | 1,486 | |||
Ralph Lauren Corp. Class A | 7,800 | 1,450 | ||||
H&R Block Inc. | 29,322 | 1,435 | ||||
BorgWarner Inc. | 45,986 | 1,432 | ||||
* | Carvana Co. Class A | 18,859 | 1,432 | |||
* | Rivian Automotive Inc. Class A | 126,249 | 1,429 | |||
New York Times Co. Class A | 31,860 | 1,411 | ||||
Aramark | 46,229 | 1,402 | ||||
Hyatt Hotels Corp. Class A | 8,885 | 1,365 | ||||
Delta Air Lines Inc. | 32,266 | 1,364 | ||||
* | Duolingo Inc. Class A | 5,688 | 1,359 | |||
Hasbro Inc. | 27,011 | 1,358 | ||||
* | Bright Horizons Family Solutions Inc. | 11,387 | 1,308 | |||
Thor Industries Inc. | 10,168 | 1,303 | ||||
Wyndham Hotels & Resorts Inc. | 16,088 | 1,232 | ||||
* | Abercrombie & Fitch Co. Class A | 9,489 | 1,212 | |||
* | Taylor Morrison Home Corp. Class A | 20,711 | 1,172 | |||
U-Haul Holding Co. | 18,353 | 1,167 | ||||
Whirlpool Corp. | 10,744 | 1,154 | ||||
Paramount Global Class B | 104,073 | 1,149 | ||||
Nexstar Media Group Inc. Class A | 6,820 | 1,133 | ||||
Meritage Homes Corp. | 7,133 | 1,125 | ||||
* | Liberty Media Corp.-Liberty SiriusXM Class A | 37,583 | 1,095 | |||
* | Planet Fitness Inc. Class A | 16,888 | 1,048 | |||
* | Capri Holdings Ltd. | 22,486 | 1,037 | |||
Southwest Airlines Co. | 30,224 | 1,036 | ||||
TKO Group Holdings Inc. Class A | 12,135 | 1,016 |
Shares | Market Value• ($000) | |||||
* | Ollie's Bargain Outlet Holdings Inc. | 12,254 | 982 | |||
* | Coty Inc. Class A | 78,009 | 980 | |||
KB Home | 14,519 | 965 | ||||
Macy's Inc. | 55,293 | 964 | ||||
Harley-Davidson Inc. | 25,939 | 941 | ||||
* | RH | 3,317 | 910 | |||
* | Skyline Champion Corp. | 10,768 | 902 | |||
Signet Jewelers Ltd. | 8,743 | 890 | ||||
* | AutoNation Inc. | 5,820 | 872 | |||
* | Lyft Inc. Class A | 54,696 | 869 | |||
American Eagle Outfitters Inc. | 36,227 | 860 | ||||
* | Asbury Automotive Group Inc. | 4,088 | 854 | |||
* | Grand Canyon Education Inc. | 6,107 | 823 | |||
VF Corp. | 49,444 | 808 | ||||
MDC Holdings Inc. | 12,006 | 753 | ||||
* | United Airlines Holdings Inc. | 16,213 | 738 | |||
* | Hilton Grand Vacations Inc. | 16,332 | 733 | |||
Gap Inc. | 38,465 | 729 | ||||
Group 1 Automotive Inc. | 2,683 | 726 | ||||
* | YETI Holdings Inc. | 17,380 | 713 | |||
* | Wayfair Inc. Class A | 11,894 | 709 | |||
Kohl's Corp. | 24,763 | 690 | ||||
* | Tri Pointe Homes Inc. | 19,366 | 685 | |||
Choice Hotels International Inc. | 6,074 | 680 | ||||
* | Madison Square Garden Sports Corp. | 3,600 | 678 | |||
Marriott Vacations Worldwide Corp. | 7,227 | 674 | ||||
Kontoor Brands Inc. | 11,358 | 671 | ||||
* | Goodyear Tire & Rubber Co. | 56,065 | 666 | |||
Travel + Leisure Co. | 14,765 | 660 | ||||
* | Adient plc | 19,254 | 653 | |||
Steven Madden Ltd. | 15,223 | 652 | ||||
*,1 | GameStop Corp. Class A | 45,193 | 645 | |||
Wendy's Co. | 34,313 | 621 | ||||
LCI Industries | 4,905 | 618 | ||||
* | Visteon Corp. | 5,457 | 617 | |||
* | Cavco Industries Inc. | 1,632 | 608 | |||
Carter's Inc. | 7,407 | 600 | ||||
* | Helen of Troy Ltd. | 4,786 | 598 | |||
* | TripAdvisor Inc. | 21,992 | 590 | |||
Foot Locker Inc. | 17,112 | 589 | ||||
Penske Automotive Group Inc. | 3,840 | 589 | ||||
SharkNinja Inc. | 10,648 | 575 | ||||
Advance Auto Parts Inc. | 8,427 | 569 | ||||
Rush Enterprises Inc. Class A | 11,577 | 564 | ||||
TEGNA Inc. | 40,149 | 563 | ||||
Columbia Sportswear Co. | 6,706 | 555 |
Shares | Market Value• ($000) | |||||
* | Boot Barn Holdings Inc. | 5,996 | 555 | |||
Leggett & Platt Inc. | 26,796 | 547 | ||||
* | American Airlines Group Inc. | 34,511 | 541 | |||
*,1 | Lucid Group Inc. | 159,795 | 527 | |||
Nordstrom Inc. | 25,073 | 526 | ||||
* | Frontdoor Inc. | 16,327 | 512 | |||
Inter Parfums Inc. | 3,395 | 498 | ||||
* | Urban Outfitters Inc. | 11,827 | 491 | |||
* | Sonos Inc. | 25,916 | 491 | |||
Papa John's International Inc. | 6,691 | 481 | ||||
Graham Holdings Co. Class B | 674 | 473 | ||||
Strategic Education Inc. | 4,261 | 472 | ||||
* | Under Armour Inc. Class C | 55,198 | 471 | |||
* | Topgolf Callaway Brands Corp. | 32,731 | 466 | |||
* | Dorman Products Inc. | 4,913 | 463 | |||
Century Communities Inc. | 5,300 | 457 | ||||
1 | Sirius XM Holdings Inc. | 102,674 | 454 | |||
* | Victoria's Secret & Co. | 15,848 | 453 | |||
* | QuantumScape Corp. Class A | 72,113 | 452 | |||
* | LGI Homes Inc. | 3,882 | 443 | |||
* | Hanesbrands Inc. | 80,986 | 437 | |||
* | Fox Factory Holding Corp. | 8,545 | 432 | |||
1 | Avis Budget Group Inc. | 3,972 | 429 | |||
MillerKnoll Inc. | 14,018 | 428 | ||||
PriceSmart Inc. | 4,779 | 402 | ||||
Winnebago Industries Inc. | 5,424 | 389 | ||||
* | Coursera Inc. | 24,100 | 387 | |||
HNI Corp. | 8,553 | 383 | ||||
Fox Corp. Class B | 13,912 | 381 | ||||
* | National Vision Holdings Inc. | 16,097 | 377 | |||
Acushnet Holdings Corp. | 5,765 | 371 | ||||
* | Liberty Media Corp.-Liberty SiriusXM | 12,677 | 367 | |||
* | Adtalem Global Education Inc. | 7,401 | 366 | |||
* | Cinemark Holdings Inc. | 20,500 | 357 | |||
* | Atlanta Braves Holdings Inc. Class C | 9,097 | 356 | |||
* | Liberty Media Corp.-Liberty Live Class A | 9,214 | 356 | |||
* | Gentherm Inc. | 6,142 | 349 | |||
* | Central Garden & Pet Co. Class A | 9,223 | 348 | |||
* | United Parks & Resorts Inc. | 6,774 | 348 | |||
Upbound Group Inc. | 10,248 | 346 | ||||
* | ODP Corp. | 6,106 | 345 | |||
* | Six Flags Entertainment Corp. | 13,349 | 338 | |||
* | Peloton Interactive Inc. Class A | 73,843 | 334 |
Shares | Market Value• ($000) | |||||
Newell Brands Inc. | 43,982 | 330 | ||||
Laureate Education Inc. | 24,300 | 326 | ||||
* | Beyond Inc. | 9,529 | 320 | |||
* | Liberty Media Corp.-Liberty Formula One Class A | 4,741 | 311 | |||
Cracker Barrel Old Country Store Inc. | 4,611 | 305 | ||||
* | OPENLANE Inc. | 19,969 | 305 | |||
La-Z-Boy Inc. | 8,038 | 305 | ||||
* | Madison Square Garden Entertainment Corp. Class A | 7,900 | 304 | |||
Dana Inc. | 24,167 | 302 | ||||
Phinia Inc. | 8,785 | 301 | ||||
* | Leslie's Inc. | 37,681 | 298 | |||
* | Sally Beauty Holdings Inc. | 23,205 | 293 | |||
* | Under Armour Inc. Class A | 32,420 | 290 | |||
Dillard's Inc. Class A | 700 | 290 | ||||
Oxford Industries Inc. | 2,841 | 288 | ||||
* | Green Brick Partners Inc. | 4,800 | 281 | |||
Jack in the Box Inc. | 3,757 | 274 | ||||
* | PROG Holdings Inc. | 8,606 | 266 | |||
* | G-III Apparel Group Ltd. | 7,685 | 256 | |||
Steelcase Inc. Class A | 17,201 | 236 | ||||
Buckle Inc. | 5,669 | 232 | ||||
* | Hertz Global Holdings Inc. | 29,512 | 232 | |||
Lennar Corp. Class B | 1,539 | 227 | ||||
* | Alaska Air Group Inc. | 5,965 | 223 | |||
John Wiley & Sons Inc. Class A | 6,655 | 222 | ||||
* | Driven Brands Holdings Inc. | 16,072 | 222 | |||
* | Chegg Inc. | 24,612 | 220 | |||
* | PowerSchool Holdings Inc. Class A | 10,402 | 217 | |||
* | Lions Gate Entertainment Corp. Class B | 23,320 | 212 | |||
Krispy Kreme Inc. | 16,200 | 210 | ||||
* | Sphere Entertainment Co. | 4,800 | 208 | |||
* | Liberty Media Corp.-Liberty Live Class C | 5,130 | 204 | |||
Scholastic Corp. | 5,051 | 199 | ||||
* | U-Haul Holding Co. (XNYS) | 3,073 | 198 | |||
* | AMC Entertainment Holdings Inc. Class A | 44,870 | 194 | |||
Monro Inc. | 5,761 | 193 | ||||
Wolverine World Wide Inc. | 18,194 | 185 | ||||
* | Sabre Corp. | 68,724 | 182 | |||
Matthews International Corp. Class A | 5,538 | 160 | ||||
*,1 | Luminar Technologies Inc. Class A | 66,693 | 159 | |||
* | Figs Inc. Class A | 29,632 | 155 | |||
* | American Axle & Manufacturing Holdings Inc. | 20,865 | 144 |
Shares | Market Value• ($000) | |||||
* | IMAX Corp. | 8,288 | 142 | |||
Dine Brands Global Inc. | 2,864 | 139 | ||||
* | JetBlue Airways Corp. | 21,432 | 139 | |||
Guess? Inc. | 5,338 | 135 | ||||
* | Lions Gate Entertainment Corp. Class A | 13,844 | 134 | |||
* | Mister Car Wash Inc. | 14,000 | 116 | |||
Sinclair Inc. | 7,695 | 114 | ||||
Gray Television Inc. | 19,078 | 111 | ||||
* | Atlanta Braves Holdings Inc. Class A | 2,350 | 99 | |||
* | iRobot Corp. | 6,990 | 80 | |||
* | Petco Health & Wellness Co. Inc. Class A | 29,495 | 77 | |||
Allegiant Travel Co. | 883 | 64 | ||||
News Corp. Class B | 2,132 | 60 | ||||
Spirit Airlines Inc. | 9,024 | 58 | ||||
*,1 | Fisker Inc. Class A | 67,263 | 49 | |||
* | Playtika Holding Corp. | 4,218 | 31 | |||
1,297,239 | ||||||
Consumer Staples (4.5%) | ||||||
Procter & Gamble Co. | 465,182 | 73,936 | ||||
Coca-Cola Co. | 769,408 | 46,180 | ||||
PepsiCo Inc. | 272,227 | 45,010 | ||||
Mondelez International Inc. Class A | 268,820 | 19,643 | ||||
CVS Health Corp. | 254,198 | 18,905 | ||||
Colgate-Palmolive Co. | 162,362 | 14,048 | ||||
McKesson Corp. | 26,721 | 13,933 | ||||
* | Monster Beverage Corp. | 147,206 | 8,700 | |||
Sysco Corp. | 100,423 | 8,131 | ||||
Kimberly-Clark Corp. | 66,474 | 8,055 | ||||
Corteva Inc. | 141,416 | 7,569 | ||||
Cencora Inc. | 31,923 | 7,521 | ||||
General Mills Inc. | 115,134 | 7,389 | ||||
Kroger Co. | 129,351 | 6,417 | ||||
Keurig Dr Pepper Inc. | 189,427 | 5,666 | ||||
Archer-Daniels-Midland Co. | 105,715 | 5,614 | ||||
Kraft Heinz Co. | 158,968 | 5,608 | ||||
Hershey Co. | 29,699 | 5,581 | ||||
Church & Dwight Co. Inc. | 48,384 | 4,844 | ||||
Clorox Co. | 24,585 | 3,769 | ||||
McCormick & Co. Inc. (Non-Voting) | 49,803 | 3,429 | ||||
Tyson Foods Inc. Class A | 55,183 | 2,993 | ||||
Lamb Weston Holdings Inc. | 28,596 | 2,923 | ||||
Kellanova | 51,462 | 2,838 | ||||
Walgreens Boots Alliance Inc. | 132,744 | 2,822 | ||||
Coca-Cola Europacific Partners plc | 40,182 | 2,758 | ||||
Bunge Global SA | 28,687 | 2,707 | ||||
Conagra Brands Inc. | 94,408 | 2,651 | ||||
J M Smucker Co. | 20,318 | 2,442 | ||||
* | Celsius Holdings Inc. | 28,446 | 2,322 |
Shares | Market Value• ($000) | |||||
* | US Foods Holding Corp. | 44,912 | 2,281 | |||
Hormel Foods Corp. | 57,664 | 2,037 | ||||
Albertsons Cos. Inc. Class A | 80,977 | 1,642 | ||||
Campbell Soup Co. | 37,533 | 1,600 | ||||
Ingredion Inc. | 13,041 | 1,534 | ||||
* | BellRing Brands Inc. | 26,271 | 1,496 | |||
* | Darling Ingredients Inc. | 32,376 | 1,370 | |||
* | Sprouts Farmers Market Inc. | 20,487 | 1,279 | |||
* | Post Holdings Inc. | 10,131 | 1,055 | |||
* | Freshpet Inc. | 8,667 | 980 | |||
Flowers Foods Inc. | 37,545 | 842 | ||||
Coca-Cola Consolidated Inc. | 932 | 784 | ||||
Lancaster Colony Corp. | 3,753 | 777 | ||||
WD-40 Co. | 2,663 | 715 | ||||
* | Simply Good Foods Co. | 18,238 | 647 | |||
Spectrum Brands Holdings Inc. | 7,325 | 589 | ||||
Nomad Foods Ltd. | 28,836 | 531 | ||||
* | Grocery Outlet Holding Corp. | 19,519 | 503 | |||
Cal-Maine Foods Inc. | 7,935 | 456 | ||||
Energizer Holdings Inc. | 14,803 | 423 | ||||
J & J Snack Foods Corp. | 2,824 | 410 | ||||
* | TreeHouse Foods Inc. | 10,721 | 384 | |||
Edgewell Personal Care Co. | 9,463 | 361 | ||||
Reynolds Consumer Products Inc. | 10,200 | 301 | ||||
* | National Beverage Corp. | 4,386 | 231 | |||
Weis Markets Inc. | 3,028 | 197 | ||||
* | Herbalife Ltd. | 21,529 | 190 | |||
Nu Skin Enterprises Inc. Class A | 15,073 | 188 | ||||
WK Kellogg Co. | 12,173 | 178 | ||||
*,1 | Beyond Meat Inc. | 15,920 | 170 | |||
* | United Natural Foods Inc. | 10,712 | 167 | |||
* | Hain Celestial Group Inc. | 16,590 | 166 | |||
B&G Foods Inc. | 13,155 | 152 | ||||
Fresh Del Monte Produce Inc. | 6,291 | 150 | ||||
Medifast Inc. | 3,242 | 130 | ||||
* | USANA Health Sciences Inc. | 2,122 | 102 | |||
* | Beauty Health Co. | 23,526 | 78 | |||
* | Olaplex Holdings Inc. | 35,795 | 67 | |||
369,567 | ||||||
Energy (0.2%) | ||||||
* | Enphase Energy Inc. | 26,761 | 3,399 | |||
* | First Solar Inc. | 21,261 | 3,272 | |||
* | NEXTracker Inc. Class A | 24,654 | 1,387 | |||
Arcosa Inc. | 9,660 | 802 | ||||
* | SolarEdge Technologies Inc. | 7,970 | 535 |
Shares | Market Value• ($000) | |||||
* | Shoals Technologies Group Inc. Class A | 34,012 | 436 | |||
* | Array Technologies Inc. | 30,788 | 420 | |||
*,1 | Plug Power Inc. | 88,615 | 313 | |||
* | Fluence Energy Inc. | 12,193 | 186 | |||
* | Ameresco Inc. Class A | 7,916 | 166 | |||
* | FuelCell Energy Inc. | 132,832 | 158 | |||
*,1 | ChargePoint Holdings Inc. | 75,364 | 156 | |||
*,1 | Stem Inc. | 44,936 | 120 | |||
*,1 | SunPower Corp. | 26,848 | 84 | |||
* | Enviva Inc. | 5,700 | 2 | |||
11,436 | ||||||
Financials (10.2%) | ||||||
JPMorgan Chase & Co. | 570,571 | 106,160 | ||||
Bank of America Corp. | 1,362,171 | 47,022 | ||||
S&P Global Inc. | 63,354 | 27,140 | ||||
Goldman Sachs Group Inc. | 63,230 | 24,600 | ||||
BlackRock Inc. | 29,367 | 23,827 | ||||
Progressive Corp. | 115,573 | 21,908 | ||||
Citigroup Inc. | 377,733 | 20,960 | ||||
Morgan Stanley | 239,171 | 20,578 | ||||
Chubb Ltd. | 80,220 | 20,189 | ||||
Marsh & McLennan Cos. Inc. | 97,367 | 19,694 | ||||
Charles Schwab Corp. | 293,669 | 19,611 | ||||
Blackstone Inc. | 141,014 | 18,024 | ||||
CME Group Inc. | 70,939 | 15,631 | ||||
Intercontinental Exchange Inc. | 111,913 | 15,491 | ||||
US Bancorp | 308,627 | 12,950 | ||||
Aon plc Class A | 39,174 | 12,379 | ||||
Moody's Corp. | 31,384 | 11,908 | ||||
PNC Financial Services Group Inc. | 78,718 | 11,587 | ||||
Apollo Global Management Inc. | 103,462 | 11,567 | ||||
American International Group Inc. | 140,497 | 10,241 | ||||
Arthur J Gallagher & Co. | 41,830 | 10,204 | ||||
Travelers Cos. Inc. | 45,128 | 9,971 | ||||
Aflac Inc. | 116,291 | 9,389 | ||||
Truist Financial Corp. | 262,746 | 9,191 | ||||
MetLife Inc. | 125,463 | 8,750 | ||||
Bank of New York Mellon Corp. | 152,116 | 8,532 | ||||
MSCI Inc. Class A | 15,122 | 8,483 | ||||
Allstate Corp. | 51,977 | 8,291 | ||||
Ameriprise Financial Inc. | 20,270 | 8,257 | ||||
Prudential Financial Inc. | 71,969 | 7,844 | ||||
* | Coinbase Global Inc. Class A | 33,776 | 6,875 | |||
* | Arch Capital Group Ltd. | 70,949 | 6,214 | |||
Discover Financial Services | 49,607 | 5,988 | ||||
Hartford Financial Services Group Inc. | 58,529 | 5,609 | ||||
Willis Towers Watson plc | 20,474 | 5,581 |
Shares | Market Value• ($000) | |||||
* | NU Holdings Ltd. Class A | 462,706 | 5,127 | |||
T. Rowe Price Group Inc. | 43,648 | 4,947 | ||||
Broadridge Financial Solutions Inc. | 23,256 | 4,734 | ||||
Fifth Third Bancorp | 133,953 | 4,600 | ||||
M&T Bank Corp. | 32,765 | 4,579 | ||||
Raymond James Financial Inc. | 37,550 | 4,518 | ||||
State Street Corp. | 61,212 | 4,513 | ||||
Ares Management Corp. Class A | 32,487 | 4,309 | ||||
Cboe Global Markets Inc. | 20,837 | 4,001 | ||||
LPL Financial Holdings Inc. | 14,897 | 3,991 | ||||
Brown & Brown Inc. | 46,882 | 3,948 | ||||
* | Markel Group Inc. | 2,638 | 3,937 | |||
Principal Financial Group Inc. | 47,956 | 3,878 | ||||
Nasdaq Inc. | 67,420 | 3,789 | ||||
Huntington Bancshares Inc. | 284,291 | 3,707 | ||||
FactSet Research Systems Inc. | 7,548 | 3,492 | ||||
Cincinnati Financial Corp. | 30,544 | 3,482 | ||||
First Citizens BancShares Inc. Class A | 2,184 | 3,437 | ||||
Regions Financial Corp. | 183,432 | 3,417 | ||||
Northern Trust Corp. | 40,679 | 3,341 | ||||
W R Berkley Corp. | 39,871 | 3,333 | ||||
Everest Group Ltd. | 8,446 | 3,116 | ||||
Citizens Financial Group Inc. | 93,652 | 2,940 | ||||
KeyCorp | 188,665 | 2,692 | ||||
Loews Corp. | 35,785 | 2,689 | ||||
Fidelity National Financial Inc. | 51,042 | 2,582 | ||||
Tradeweb Markets Inc. Class A | 22,696 | 2,402 | ||||
Equitable Holdings Inc. | 68,313 | 2,339 | ||||
Credicorp Ltd. | 13,452 | 2,299 | ||||
Reinsurance Group of America Inc. | 12,995 | 2,298 | ||||
Kinsale Capital Group Inc. | 4,341 | 2,241 | ||||
RenaissanceRe Holdings Ltd. | 9,926 | 2,232 | ||||
Interactive Brokers Group Inc. Class A | 20,498 | 2,229 | ||||
* | Robinhood Markets Inc. Class A | 135,023 | 2,202 | |||
Globe Life Inc. | 17,329 | 2,200 | ||||
Ally Financial Inc. | 54,811 | 2,027 | ||||
East West Bancorp Inc. | 27,529 | 2,006 | ||||
Annaly Capital Management Inc. | 100,166 | 1,912 | ||||
Unum Group | 38,399 | 1,899 | ||||
Assurant Inc. | 10,451 | 1,896 | ||||
American Financial Group Inc. | 14,373 | 1,835 |
Shares | Market Value• ($000) | |||||
Primerica Inc. | 6,991 | 1,715 | ||||
* | SoFi Technologies Inc. | 190,979 | 1,715 | |||
Franklin Resources Inc. | 59,881 | 1,644 | ||||
Webster Financial Corp. | 34,101 | 1,625 | ||||
First Horizon Corp. | 111,424 | 1,571 | ||||
XP Inc. Class A | 63,704 | 1,506 | ||||
Stifel Financial Corp. | 19,569 | 1,484 | ||||
Old Republic International Corp. | 50,278 | 1,456 | ||||
MarketAxess Holdings Inc. | 6,738 | 1,438 | ||||
Voya Financial Inc. | 19,397 | 1,326 | ||||
Comerica Inc. | 26,591 | 1,313 | ||||
Evercore Inc. Class A | 7,002 | 1,310 | ||||
SEI Investments Co. | 19,339 | 1,301 | ||||
Houlihan Lokey Inc. Class A | 10,018 | 1,289 | ||||
AGNC Investment Corp. | 132,419 | 1,266 | ||||
Cullen/Frost Bankers Inc. | 11,653 | 1,264 | ||||
Selective Insurance Group Inc. | 11,877 | 1,241 | ||||
Pinnacle Financial Partners Inc. | 14,947 | 1,236 | ||||
Commerce Bancshares Inc. | 23,649 | 1,231 | ||||
Western Alliance Bancorp | 21,325 | 1,231 | ||||
SouthState Corp. | 14,497 | 1,218 | ||||
Starwood Property Trust Inc. | 59,076 | 1,205 | ||||
Invesco Ltd. | 78,076 | 1,203 | ||||
RLI Corp. | 8,022 | 1,175 | ||||
Zions Bancorp NA | 29,435 | 1,161 | ||||
First American Financial Corp. | 19,786 | 1,156 | ||||
Popular Inc. | 13,818 | 1,156 | ||||
Wintrust Financial Corp. | 11,946 | 1,151 | ||||
Corebridge Financial Inc. | 46,157 | 1,146 | ||||
Essent Group Ltd. | 20,708 | 1,109 | ||||
Synovus Financial Corp. | 28,786 | 1,092 | ||||
Affiliated Managers Group Inc. | 6,983 | 1,091 | ||||
MGIC Investment Corp. | 53,947 | 1,073 | ||||
Prosperity Bancshares Inc. | 17,108 | 1,068 | ||||
OneMain Holdings Inc. | 22,015 | 1,040 | ||||
Rithm Capital Corp. | 94,430 | 1,024 | ||||
Assured Guaranty Ltd. | 11,094 | 1,016 | ||||
* | Ryan Specialty Holdings Inc. Class A | 19,276 | 1,010 | |||
Cadence Bank | 35,947 | 995 | ||||
Axis Capital Holdings Ltd. | 15,431 | 965 | ||||
SLM Corp. | 45,699 | 952 | ||||
Hanover Insurance Group Inc. | 7,176 | 943 | ||||
FNB Corp. | 70,086 | 935 | ||||
Old National Bancorp | 56,933 | 935 | ||||
* | Mr Cooper Group Inc. | 13,058 | 931 | |||
Bank OZK | 21,234 | 930 | ||||
Radian Group Inc. | 30,914 | 901 |
Shares | Market Value• ($000) | |||||
Jackson Financial Inc. Class A | 16,359 | 901 | ||||
United Bankshares Inc. | 25,844 | 897 | ||||
Home BancShares Inc. | 37,122 | 871 | ||||
Lazard Inc. Class A | 22,286 | 859 | ||||
White Mountains Insurance Group Ltd. | 486 | 858 | ||||
Hamilton Lane Inc. Class A | 7,368 | 846 | ||||
Glacier Bancorp Inc. | 22,317 | 835 | ||||
Janus Henderson Group plc | 26,572 | 828 | ||||
* | American Equity Investment Life Holding Co. | 14,706 | 817 | |||
First Financial Bankshares Inc. | 26,354 | 815 | ||||
Columbia Banking System Inc. | 42,638 | 772 | ||||
Hancock Whitney Corp. | 17,536 | 765 | ||||
* | Enstar Group Ltd. | 2,431 | 749 | |||
Moelis & Co. Class A | 13,510 | 730 | ||||
UMB Financial Corp. | 8,879 | 725 | ||||
Blackstone Mortgage Trust Inc. Class A | 35,224 | 717 | ||||
Kemper Corp. | 12,208 | 700 | ||||
Valley National Bancorp | 85,369 | 699 | ||||
New York Community Bancorp Inc. | 143,573 | 688 | ||||
Piper Sandler Cos. | 3,563 | 671 | ||||
* | Credit Acceptance Corp. | 1,200 | 664 | |||
ServisFirst Bancshares Inc. | 10,224 | 646 | ||||
Associated Banc-Corp | 30,531 | 636 | ||||
Ameris Bancorp | 13,643 | 632 | ||||
CNO Financial Group Inc. | 23,323 | 622 | ||||
Walker & Dunlop Inc. | 6,517 | 622 | ||||
United Community Banks Inc. | 23,658 | 615 | ||||
* | Brighthouse Financial Inc. | 12,955 | 603 | |||
* | Genworth Financial Inc. Class A | 94,697 | 582 | |||
First Bancorp | 33,610 | 571 | ||||
* | Texas Capital Bancshares Inc. | 9,630 | 565 | |||
International Bancshares Corp. | 10,853 | 563 | ||||
Cathay General Bancorp | 14,181 | 554 | ||||
* | Axos Financial Inc. | 10,620 | 553 | |||
First Hawaiian Inc. | 26,078 | 547 | ||||
WSFS Financial Corp. | 12,646 | 536 | ||||
Artisan Partners Asset Management Inc. Class A | 12,422 | 535 | ||||
Fulton Financial Corp. | 33,481 | 516 | ||||
Atlantic Union Bankshares Corp. | 15,459 | 514 | ||||
Simmons First National Corp. Class A | 26,398 | 507 | ||||
Lincoln National Corp. | 17,967 | 495 |
Shares | Market Value• ($000) | |||||
1 | Arbor Realty Trust Inc. | 36,726 | 492 | |||
Community Bank System Inc. | 10,768 | 488 | ||||
BGC Group Inc. Class A | 69,269 | 481 | ||||
Independent Bank Corp. | 9,073 | 473 | ||||
* | NMI Holdings Inc. Class A | 15,190 | 457 | |||
Pacific Premier Bancorp Inc. | 19,717 | 451 | ||||
BOK Financial Corp. | 5,258 | 447 | ||||
Bank of Hawaii Corp. | 7,267 | 438 | ||||
First Financial Bancorp | 19,395 | 421 | ||||
CVB Financial Corp. | 24,619 | 419 | ||||
First Merchants Corp. | 12,622 | 419 | ||||
Eastern Bankshares Inc. | 32,065 | 414 | ||||
Towne Bank | 14,930 | 405 | ||||
First Interstate BancSystem Inc. Class A | 15,300 | 403 | ||||
PennyMac Financial Services Inc. | 4,697 | 399 | ||||
*,1 | Upstart Holdings Inc. | 15,323 | 395 | |||
Renasant Corp. | 11,925 | 377 | ||||
Seacoast Banking Corp. of Florida | 15,600 | 377 | ||||
Park National Corp. | 2,900 | 373 | ||||
BankUnited Inc. | 13,834 | 371 | ||||
WaFd Inc. | 13,271 | 361 | ||||
WesBanco Inc. | 12,434 | 360 | ||||
BancFirst Corp. | 4,086 | 358 | ||||
Cohen & Steers Inc. | 4,821 | 355 | ||||
* | Palomar Holdings Inc. | 4,500 | 343 | |||
Banner Corp. | 7,220 | 317 | ||||
Trustmark Corp. | 11,635 | 312 | ||||
Northwest Bancshares Inc. | 27,005 | 309 | ||||
Virtus Investment Partners Inc. | 1,324 | 308 | ||||
* | Triumph Financial Inc. | 4,100 | 307 | |||
Virtu Financial Inc. Class A | 16,747 | 302 | ||||
NBT Bancorp Inc. | 8,535 | 294 | ||||
Independent Bank Group Inc. | 6,664 | 291 | ||||
City Holding Co. | 2,826 | 284 | ||||
Bank of NT Butterfield & Son Ltd. | 9,305 | 278 | ||||
Horace Mann Educators Corp. | 7,644 | 277 | ||||
Hilltop Holdings Inc. | 8,670 | 268 | ||||
Navient Corp. | 16,472 | 268 | ||||
Heartland Financial USA Inc. | 7,810 | 266 | ||||
First Commonwealth Financial Corp. | 19,455 | 253 | ||||
Live Oak Bancshares Inc. | 6,200 | 246 | ||||
Provident Financial Services Inc. | 16,338 | 246 | ||||
Hope Bancorp Inc. | 21,321 | 234 | ||||
PennyMac Mortgage Investment Trust | 16,425 | 232 |
Shares | Market Value• ($000) | |||||
* | Trupanion Inc. | 8,669 | 232 | |||
* | Freedom Holding Corp. | 3,000 | 230 | |||
Stock Yards Bancorp Inc. | 4,992 | 229 | ||||
Employers Holdings Inc. | 4,984 | 228 | ||||
S&T Bancorp Inc. | 7,235 | 226 | ||||
Two Harbors Investment Corp. | 17,875 | 226 | ||||
Ladder Capital Corp. Class A | 20,800 | 225 | ||||
Safety Insurance Group Inc. | 2,708 | 222 | ||||
Westamerica Bancorp | 4,858 | 222 | ||||
ARMOUR Residential REIT Inc. | 11,092 | 220 | ||||
MFA Financial Inc. | 19,023 | 213 | ||||
* | PRA Group Inc. | 8,306 | 212 | |||
CNA Financial Corp. | 4,834 | 212 | ||||
* | SiriusPoint Ltd. | 17,039 | 209 | |||
WisdomTree Inc. | 25,728 | 207 | ||||
* | Encore Capital Group Inc. | 4,275 | 205 | |||
Chimera Investment Corp. | 45,069 | 196 | ||||
Nelnet Inc. Class A | 2,248 | 193 | ||||
* | Lemonade Inc. | 11,496 | 187 | |||
Sandy Spring Bancorp Inc. | 8,088 | 178 | ||||
Berkshire Hills Bancorp Inc. | 8,085 | 174 | ||||
BrightSpire Capital Inc. Class A | 23,942 | 165 | ||||
Brookline Bancorp Inc. | 16,253 | 159 | ||||
1st Source Corp. | 3,126 | 156 | ||||
Capitol Federal Financial Inc. | 24,023 | 139 | ||||
Brightsphere Investment Group Inc. | 6,093 | 138 | ||||
* | Open Lending Corp. | 18,412 | 134 | |||
F&G Annuities & Life Inc. | 3,529 | 133 | ||||
Redwood Trust Inc. | 20,905 | 128 | ||||
ProAssurance Corp. | 9,985 | 123 | ||||
TFS Financial Corp. | 9,336 | 119 | ||||
* | Columbia Financial Inc. | 5,504 | 92 | |||
Republic Bancorp Inc. Class A | 1,648 | 81 | ||||
827,908 | ||||||
Health Care (13.1%) | ||||||
Eli Lilly & Co. | 167,436 | 126,193 | ||||
UnitedHealth Group Inc. | 183,807 | 90,727 | ||||
Merck & Co. Inc. | 502,688 | 63,917 | ||||
AbbVie Inc. | 349,142 | 61,466 | ||||
Thermo Fisher Scientific Inc. | 76,628 | 43,692 | ||||
Abbott Laboratories | 342,433 | 40,626 | ||||
Danaher Corp. | 130,560 | 33,050 | ||||
Pfizer Inc. | 1,107,693 | 29,420 | ||||
Amgen Inc. | 105,648 | 28,930 | ||||
* | Intuitive Surgical Inc. | 69,077 | 26,636 | |||
Stryker Corp. | 70,177 | 24,497 |
Shares | Market Value• ($000) | |||||
Elevance Health Inc. | 46,910 | 23,514 | ||||
Medtronic plc | 262,383 | 21,872 | ||||
* | Vertex Pharmaceuticals Inc. | 50,888 | 21,411 | |||
Bristol-Myers Squibb Co. | 403,196 | 20,462 | ||||
* | Regeneron Pharmaceuticals Inc. | 20,316 | 19,627 | |||
Cigna Group | 57,729 | 19,405 | ||||
* | Boston Scientific Corp. | 289,415 | 19,162 | |||
Zoetis Inc. Class A | 91,642 | 18,175 | ||||
Gilead Sciences Inc. | 247,187 | 17,822 | ||||
Becton Dickinson & Co. | 57,300 | 13,497 | ||||
HCA Healthcare Inc. | 39,391 | 12,278 | ||||
* | Edwards Lifesciences Corp. | 119,141 | 10,112 | |||
* | IDEXX Laboratories Inc. | 16,370 | 9,417 | |||
* | IQVIA Holdings Inc. | 36,076 | 8,917 | |||
* | Dexcom Inc. | 76,626 | 8,817 | |||
Humana Inc. | 24,754 | 8,672 | ||||
* | Centene Corp. | 105,788 | 8,297 | |||
Agilent Technologies Inc. | 58,042 | 7,973 | ||||
GE HealthCare Technologies Inc. | 79,670 | 7,272 | ||||
* | Veeva Systems Inc. Class A | 28,685 | 6,469 | |||
* | Biogen Inc. | 28,515 | 6,187 | |||
* | Moderna Inc. | 63,390 | 5,847 | |||
Cardinal Health Inc. | 48,813 | 5,466 | ||||
West Pharmaceutical Services Inc. | 14,574 | 5,223 | ||||
* | ICON plc | 16,134 | 5,173 | |||
Zimmer Biomet Holdings Inc. | 41,493 | 5,160 | ||||
ResMed Inc. | 28,793 | 5,002 | ||||
STERIS plc | 19,639 | 4,574 | ||||
* | Molina Healthcare Inc. | 11,448 | 4,509 | |||
* | Align Technology Inc. | 14,561 | 4,404 | |||
* | Illumina Inc. | 29,203 | 4,083 | |||
* | Alnylam Pharmaceuticals Inc. | 24,458 | 3,695 | |||
Laboratory Corp. of America Holdings | 16,847 | 3,636 | ||||
Cooper Cos. Inc. | 38,482 | 3,602 | ||||
* | Hologic Inc. | 47,954 | 3,539 | |||
Baxter International Inc. | 84,107 | 3,442 | ||||
* | Avantor Inc. | 134,857 | 3,323 | |||
* | BioMarin Pharmaceutical Inc. | 36,956 | 3,189 | |||
Viatris Inc. | 235,836 | 2,917 | ||||
Revvity Inc. | 25,176 | 2,759 | ||||
Quest Diagnostics Inc. | 22,013 | 2,749 | ||||
* | Charles River Laboratories International Inc. | 10,523 | 2,675 | |||
* | Neurocrine Biosciences Inc. | 19,185 | 2,502 | |||
* | Insulet Corp. | 14,199 | 2,329 | |||
Bio-Techne Corp. | 31,622 | 2,326 |
Shares | Market Value• ($000) | |||||
* | Sarepta Therapeutics Inc. | 17,678 | 2,261 | |||
Royalty Pharma plc Class A | 73,395 | 2,227 | ||||
* | Karuna Therapeutics Inc. | 7,045 | 2,212 | |||
* | Repligen Corp. | 11,166 | 2,166 | |||
* | Incyte Corp. | 36,480 | 2,129 | |||
Teleflex Inc. | 9,357 | 2,085 | ||||
* | Catalent Inc. | 36,076 | 2,069 | |||
* | Exact Sciences Corp. | 35,890 | 2,065 | |||
* | United Therapeutics Corp. | 9,022 | 2,036 | |||
Universal Health Services Inc. Class B | 12,040 | 2,011 | ||||
* | Henry Schein Inc. | 25,651 | 1,962 | |||
* | Shockwave Medical Inc. | 7,204 | 1,879 | |||
* | Natera Inc. | 21,627 | 1,871 | |||
* | Tenet Healthcare Corp. | 19,975 | 1,858 | |||
Chemed Corp. | 2,900 | 1,816 | ||||
Bruker Corp. | 20,898 | 1,809 | ||||
* | Medpace Holdings Inc. | 4,532 | 1,802 | |||
* | Penumbra Inc. | 7,394 | 1,737 | |||
* | Vaxcyte Inc. | 20,526 | 1,515 | |||
* | Acadia Healthcare Co. Inc. | 17,856 | 1,490 | |||
Encompass Health Corp. | 19,534 | 1,453 | ||||
* | Jazz Pharmaceuticals plc | 12,171 | 1,447 | |||
* | Bio-Rad Laboratories Inc. Class A | 4,225 | 1,377 | |||
DENTSPLY SIRONA Inc. | 41,774 | 1,365 | ||||
* | HealthEquity Inc. | 16,484 | 1,362 | |||
* | Elanco Animal Health Inc. | 85,296 | 1,355 | |||
Ensign Group Inc. | 10,841 | 1,354 | ||||
* | DaVita Inc. | 10,659 | 1,353 | |||
* | Exelixis Inc. | 61,728 | 1,352 | |||
* | Globus Medical Inc. Class A | 24,798 | 1,339 | |||
* | Cytokinetics Inc. | 18,116 | 1,309 | |||
* | Intra-Cellular Therapies Inc. | 18,459 | 1,283 | |||
* | Ionis Pharmaceuticals Inc. | 28,366 | 1,282 | |||
* | CRISPR Therapeutics AG | 15,130 | 1,274 | |||
* | Apellis Pharmaceuticals Inc. | 20,096 | 1,245 | |||
* | Blueprint Medicines Corp. | 12,106 | 1,132 | |||
* | Masimo Corp. | 8,633 | 1,110 | |||
* | Option Care Health Inc. | 33,381 | 1,077 | |||
* | Inspire Medical Systems Inc. | 5,908 | 1,058 | |||
* | Halozyme Therapeutics Inc. | 25,637 | 1,021 | |||
* | Alkermes plc | 32,841 | 975 | |||
* | Lantheus Holdings Inc. | 13,811 | 903 | |||
* | REVOLUTION Medicines Inc. | 29,086 | 857 | |||
* | Merit Medical Systems Inc. | 11,239 | 856 | |||
* | Ultragenyx Pharmaceutical Inc. | 16,504 | 854 | |||
* | Glaukos Corp. | 9,335 | 827 | |||
* | Azenta Inc. | 12,253 | 798 |
Shares | Market Value• ($000) | |||||
* | Roivant Sciences Ltd. | 69,351 | 793 | |||
* | Insmed Inc. | 28,536 | 791 | |||
* | Evolent Health Inc. Class A | 23,035 | 781 | |||
Organon & Co. | 44,637 | 777 | ||||
* | Bridgebio Pharma Inc. | 22,545 | 770 | |||
* | Iovance Biotherapeutics Inc. | 47,481 | 755 | |||
* | Neogen Corp. | 43,121 | 741 | |||
* | Arrowhead Pharmaceuticals Inc. | 22,876 | 734 | |||
* | Integer Holdings Corp. | 6,643 | 733 | |||
* | iRhythm Technologies Inc. | 6,141 | 729 | |||
* | Amicus Therapeutics Inc. | 56,596 | 726 | |||
* | Haemonetics Corp. | 9,772 | 713 | |||
Perrigo Co. plc | 27,136 | 713 | ||||
* | Prestige Consumer Healthcare Inc. | 10,211 | 710 | |||
* | Doximity Inc. Class A | 25,137 | 710 | |||
* | Madrigal Pharmaceuticals Inc. | 3,002 | 709 | |||
* | Axonics Inc. | 10,235 | 695 | |||
* | Xenon Pharmaceuticals Inc. | 14,389 | 679 | |||
* | Envista Holdings Corp. | 32,680 | 675 | |||
* | Fortrea Holdings Inc. | 17,699 | 664 | |||
* | Biohaven Ltd. | 13,682 | 659 | |||
* | Intellia Therapeutics Inc. | 20,501 | 658 | |||
* | Krystal Biotech Inc. | 4,064 | 648 | |||
* | SpringWorks Therapeutics Inc. | 12,946 | 638 | |||
* | Beam Therapeutics Inc. | 15,757 | 622 | |||
* | LivaNova plc | 10,980 | 602 | |||
* | Axsome Therapeutics Inc. | 7,159 | 583 | |||
Select Medical Holdings Corp. | 21,182 | 577 | ||||
* | Progyny Inc. | 15,759 | 576 | |||
* | Amedisys Inc. | 6,166 | 574 | |||
* | Cerevel Therapeutics Holdings Inc. | 14,000 | 574 | |||
* | ACADIA Pharmaceuticals Inc. | 24,139 | 561 | |||
* | QuidelOrtho Corp. | 11,671 | 532 | |||
CONMED Corp. | 6,561 | 527 | ||||
* | Privia Health Group Inc. | 23,268 | 519 | |||
* | Ginkgo Bioworks Holdings Inc. Class A | 340,352 | 517 | |||
* | TransMedics Group Inc. | 6,317 | 515 | |||
Premier Inc. Class A | 24,139 | 504 | ||||
* | ICU Medical Inc. | 4,559 | 498 | |||
* | Denali Therapeutics Inc. | 25,153 | 498 | |||
* | Integra LifeSciences Holdings Corp. | 13,467 | 497 | |||
* | Inari Medical Inc. | 10,609 | 489 | |||
* | TG Therapeutics Inc. | 27,784 | 478 | |||
Patterson Cos. Inc. | 17,386 | 471 | ||||
* | Arvinas Inc. | 9,810 | 451 | |||
* | Surgery Partners Inc. | 14,426 | 448 |
Shares | Market Value• ($000) | |||||
* | Twist Bioscience Corp. | 11,398 | 448 | |||
* | R1 RCM Inc. | 31,723 | 446 | |||
* | 10X Genomics Inc. Class A | 9,136 | 426 | |||
* | PTC Therapeutics Inc. | 14,715 | 415 | |||
* | Certara Inc. | 24,142 | 408 | |||
* | CorVel Corp. | 1,643 | 401 | |||
* | Tandem Diabetes Care Inc. | 14,267 | 380 | |||
* | Recursion Pharmaceuticals Inc. Class A | 28,224 | 380 | |||
* | Rocket Pharmaceuticals Inc. | 12,813 | 375 | |||
* | agilon health Inc. | 61,077 | 374 | |||
* | AtriCure Inc. | 10,663 | 373 | |||
* | NeoGenomics Inc. | 23,569 | 368 | |||
* | Inmode Ltd. | 16,458 | 362 | |||
* | Corcept Therapeutics Inc. | 14,989 | 352 | |||
* | STAAR Surgical Co. | 10,757 | 336 | |||
* | Kymera Therapeutics Inc. | 7,864 | 336 | |||
* | Agios Pharmaceuticals Inc. | 10,288 | 333 | |||
* | Owens & Minor Inc. | 13,655 | 332 | |||
* | Amphastar Pharmaceuticals Inc. | 7,000 | 326 | |||
* | Veracyte Inc. | 13,502 | 318 | |||
* | Myriad Genetics Inc. | 14,962 | 313 | |||
* | Pacific Biosciences of California Inc. | 56,275 | 311 | |||
* | Akero Therapeutics Inc. | 10,943 | 295 | |||
* | Phreesia Inc. | 11,272 | 279 | |||
* | Sotera Health Co. | 18,430 | 277 | |||
* | Supernus Pharmaceuticals Inc. | 8,999 | 267 | |||
* | Prothena Corp. plc | 9,367 | 258 | |||
* | Pacira BioSciences Inc. | 8,485 | 252 | |||
* | Omnicell Inc. | 9,542 | 250 | |||
* | Xencor Inc. | 10,789 | 248 | |||
* | Ligand Pharmaceuticals Inc. | 3,074 | 244 | |||
* | Ironwood Pharmaceuticals Inc. Class A | 25,628 | 242 | |||
* | Vir Biotechnology Inc. | 21,343 | 240 | |||
* | Sage Therapeutics Inc. | 11,109 | 239 | |||
* | BioCryst Pharmaceuticals Inc. | 42,275 | 238 | |||
* | Guardant Health Inc. | 12,493 | 237 | |||
* | Arcus Biosciences Inc. | 11,531 | 221 | |||
* | AdaptHealth Corp. Class A | 21,646 | 221 | |||
* | Relay Therapeutics Inc. | 20,996 | 210 | |||
* | Amylyx Pharmaceuticals Inc. | 11,014 | 208 | |||
* | Harmony Biosciences Holdings Inc. | 6,100 | 196 | |||
* | Maravai LifeSciences Holdings Inc. Class A | 25,321 | 196 | |||
* | Zentalis Pharmaceuticals Inc. | 12,969 | 193 |
Shares | Market Value• ($000) | |||||
* | Teladoc Health Inc. | 12,265 | 185 | |||
* | Sana Biotechnology Inc. | 17,500 | 176 | |||
* | Healthcare Services Group Inc. | 13,674 | 174 | |||
* | REGENXBIO Inc. | 9,700 | 169 | |||
* | Innoviva Inc. | 11,012 | 168 | |||
*,1 | Cassava Sciences Inc. | 7,326 | 168 | |||
* | LifeStance Health Group Inc. | 19,700 | 164 | |||
* | Aurinia Pharmaceuticals Inc. | 28,374 | 162 | |||
* | Avanos Medical Inc. | 8,522 | 158 | |||
Embecta Corp. | 10,652 | 152 | ||||
* | Nevro Corp. | 10,103 | 147 | |||
* | Adaptive Biotechnologies Corp. | 35,321 | 145 | |||
* | Pediatrix Medical Group Inc. | 15,418 | 141 | |||
* | Novocure Ltd. | 8,786 | 135 | |||
* | Varex Imaging Corp. | 7,088 | 122 | |||
* | Allogene Therapeutics Inc. | 23,595 | 116 | |||
* | Alignment Healthcare Inc. | 15,806 | 95 | |||
* | Fulgent Genetics Inc. | 3,800 | 86 | |||
* | Multiplan Corp. | 73,550 | 82 | |||
*,1 | OPKO Health Inc. | 76,136 | 76 | |||
* | Taro Pharmaceutical Industries Ltd. | 1,552 | 65 | |||
* | CureVac NV | 11,912 | 41 | |||
*,2 | Scilex Holding Co. (Acquired 1/23/23, Cost $126) | 12,014 | 25 | |||
* | Mural Oncology plc | 3,131 | 17 | |||
*,3 | OmniAb Inc. 12.5 Earnout | 1,051 | — | |||
*,3 | OmniAb Inc. 15 Earnout | 1,051 | — | |||
1,066,161 | ||||||
Industrials (10.7%) | ||||||
Visa Inc. Class A | 315,558 | 89,189 | ||||
Mastercard Inc. Class A | 164,087 | 77,902 | ||||
Accenture plc Class A | 124,958 | 46,832 | ||||
Caterpillar Inc. | 101,030 | 33,740 | ||||
Union Pacific Corp. | 120,488 | 30,567 | ||||
American Express Co. | 114,762 | 25,181 | ||||
United Parcel Service Inc. Class B | 143,900 | 21,335 | ||||
Automatic Data Processing Inc. | 81,750 | 20,530 | ||||
Deere & Co. | 52,532 | 19,177 | ||||
* | Fiserv Inc. | 118,341 | 17,665 | |||
Sherwin-Williams Co. | 46,995 | 15,604 | ||||
Illinois Tool Works Inc. | 59,112 | 15,496 | ||||
CSX Corp. | 390,400 | 14,812 | ||||
Trane Technologies plc | 45,058 | 12,705 | ||||
* | PayPal Holdings Inc. | 205,001 | 12,370 | |||
FedEx Corp. | 45,865 | 11,419 | ||||
PACCAR Inc. | 101,510 | 11,256 | ||||
Cintas Corp. | 17,167 | 10,791 |
Shares | Market Value• ($000) | |||||
Capital One Financial Corp. | 75,064 | 10,330 | ||||
Carrier Global Corp. | 165,135 | 9,178 | ||||
Old Dominion Freight Line Inc. | 19,606 | 8,675 | ||||
* | Block Inc. Class A | 102,449 | 8,142 | |||
Johnson Controls International plc | 134,698 | 7,984 | ||||
Paychex Inc. | 63,804 | 7,824 | ||||
Otis Worldwide Corp. | 81,705 | 7,786 | ||||
Fidelity National Information Services Inc. | 108,497 | 7,507 | ||||
Ingersoll Rand Inc. | 80,035 | 7,310 | ||||
Martin Marietta Materials Inc. | 12,203 | 7,050 | ||||
Vulcan Materials Co. | 26,125 | 6,945 | ||||
Verisk Analytics Inc. Class A | 28,196 | 6,821 | ||||
Global Payments Inc. | 51,455 | 6,674 | ||||
Equifax Inc. | 24,108 | 6,596 | ||||
Rockwell Automation Inc. | 22,836 | 6,510 | ||||
DuPont de Nemours Inc. | 90,937 | 6,292 | ||||
* | Fair Isaac Corp. | 4,771 | 6,059 | |||
* | Mettler-Toledo International Inc. | 4,398 | 5,485 | |||
* | Keysight Technologies Inc. | 35,220 | 5,434 | |||
Westinghouse Air Brake Technologies Corp. | 35,351 | 4,995 | ||||
* | Builders FirstSource Inc. | 24,248 | 4,733 | |||
Dover Corp. | 27,563 | 4,558 | ||||
* | Axon Enterprise Inc. | 14,008 | 4,306 | |||
* | FleetCor Technologies Inc. | 14,224 | 3,972 | |||
* | Waters Corp. | 11,580 | 3,907 | |||
Veralto Corp. | 43,386 | 3,749 | ||||
IDEX Corp. | 14,868 | 3,507 | ||||
Expeditors International of Washington Inc. | 29,231 | 3,496 | ||||
Masco Corp. | 44,256 | 3,397 | ||||
Synchrony Financial | 82,006 | 3,387 | ||||
JB Hunt Transport Services Inc. | 16,338 | 3,371 | ||||
Carlisle Cos. Inc. | 9,573 | 3,351 | ||||
* | AerCap Holdings NV | 40,903 | 3,157 | |||
Packaging Corp. of America | 17,320 | 3,138 | ||||
* | Saia Inc. | 5,336 | 3,070 | |||
Lennox International Inc. | 6,393 | 3,012 | ||||
Graco Inc. | 32,851 | 2,998 | ||||
Nordson Corp. | 11,280 | 2,997 | ||||
TransUnion | 38,559 | 2,993 | ||||
* | Trimble Inc. | 48,791 | 2,985 | |||
RPM International Inc. | 25,094 | 2,895 | ||||
Snap-on Inc. | 10,325 | 2,846 | ||||
* | XPO Inc. | 22,523 | 2,710 | |||
Owens Corning | 17,576 | 2,633 | ||||
Watsco Inc. | 6,621 | 2,609 | ||||
* | Zebra Technologies Corp. Class A | 9,141 | 2,555 |
Shares | Market Value• ($000) | |||||
* | TopBuild Corp. | 6,307 | 2,538 | |||
Pentair plc | 32,425 | 2,522 | ||||
Jack Henry & Associates Inc. | 14,490 | 2,518 | ||||
CNH Industrial NV | 194,523 | 2,325 | ||||
Westrock Co. | 50,447 | 2,285 | ||||
Stanley Black & Decker Inc. | 25,203 | 2,250 | ||||
Allegion plc | 17,318 | 2,214 | ||||
Advanced Drainage Systems Inc. | 13,447 | 2,195 | ||||
nVent Electric plc | 32,563 | 2,192 | ||||
Comfort Systems USA Inc. | 6,970 | 2,131 | ||||
Fortune Brands Innovations Inc. | 25,085 | 2,040 | ||||
A O Smith Corp. | 24,098 | 1,998 | ||||
* | Trex Co. Inc. | 21,590 | 1,981 | |||
Toro Co. | 20,515 | 1,894 | ||||
* | WEX Inc. | 8,516 | 1,871 | |||
* | WillScot Mobile Mini Holdings Corp. | 37,837 | 1,807 | |||
AptarGroup Inc. | 12,793 | 1,797 | ||||
Simpson Manufacturing Co. Inc. | 8,540 | 1,782 | ||||
Knight-Swift Transportation Holdings Inc. Class A | 30,787 | 1,735 | ||||
Eagle Materials Inc. | 6,756 | 1,713 | ||||
* | Affirm Holdings Inc. Class A | 45,386 | 1,703 | |||
Donaldson Co. Inc. | 23,741 | 1,700 | ||||
CH Robinson Worldwide Inc. | 22,567 | 1,672 | ||||
MKS Instruments Inc. | 13,323 | 1,636 | ||||
Robert Half Inc. | 20,255 | 1,628 | ||||
Crown Holdings Inc. | 20,948 | 1,605 | ||||
* | Middleby Corp. | 10,453 | 1,590 | |||
Acuity Brands Inc. | 6,247 | 1,569 | ||||
Graphic Packaging Holding Co. | 60,001 | 1,557 | ||||
* | Core & Main Inc. Class A | 32,261 | 1,540 | |||
* | API Group Corp. | 41,076 | 1,440 | |||
* | Axalta Coating Systems Ltd. | 43,646 | 1,429 | |||
Applied Industrial Technologies Inc. | 7,490 | 1,422 | ||||
* | Paylocity Holding Corp. | 8,366 | 1,411 | |||
Berry Global Group Inc. | 23,554 | 1,371 | ||||
* | FTI Consulting Inc. | 6,625 | 1,371 | |||
AGCO Corp. | 12,413 | 1,362 | ||||
MSA Safety Inc. | 7,282 | 1,341 | ||||
Landstar System Inc. | 7,017 | 1,335 | ||||
Vontier Corp. | 30,751 | 1,322 | ||||
WESCO International Inc. | 8,781 | 1,313 | ||||
* | AZEK Co. Inc. Class A | 26,281 | 1,264 | |||
* | Mohawk Industries Inc. | 10,607 | 1,258 | |||
Atkore Inc. | 7,319 | 1,240 | ||||
Brunswick Corp. | 14,026 | 1,226 |
Shares | Market Value• ($000) | |||||
* | Chart Industries Inc. | 8,560 | 1,223 | |||
* | GXO Logistics Inc. | 23,280 | 1,205 | |||
Genpact Ltd. | 35,372 | 1,203 | ||||
* | BILL Holdings Inc. | 18,898 | 1,197 | |||
Littelfuse Inc. | 4,883 | 1,163 | ||||
Installed Building Products Inc. | 4,775 | 1,141 | ||||
AAON Inc. | 13,487 | 1,133 | ||||
* | Generac Holdings Inc. | 10,041 | 1,130 | |||
FTAI Aviation Ltd. | 19,725 | 1,110 | ||||
Watts Water Technologies Inc. Class A | 5,406 | 1,103 | ||||
Sonoco Products Co. | 19,228 | 1,090 | ||||
* | Beacon Roofing Supply Inc. | 12,366 | 1,062 | |||
* | SPX Technologies Inc. | 8,927 | 1,046 | |||
Armstrong World Industries Inc. | 8,656 | 1,044 | ||||
* | Kirby Corp. | 11,863 | 1,041 | |||
* | Euronet Worldwide Inc. | 9,453 | 1,035 | |||
Sensata Technologies Holding plc | 29,837 | 1,027 | ||||
* | Summit Materials Inc. Class A | 23,611 | 1,008 | |||
Maximus Inc. | 12,015 | 1,005 | ||||
Sealed Air Corp. | 28,687 | 1,000 | ||||
* | StoneCo Ltd. Class A | 57,573 | 991 | |||
Federal Signal Corp. | 12,075 | 989 | ||||
Western Union Co. | 73,687 | 988 | ||||
* | ExlService Holdings Inc. | 31,750 | 988 | |||
Ryder System Inc. | 8,573 | 978 | ||||
Franklin Electric Co. Inc. | 9,304 | 967 | ||||
Louisiana-Pacific Corp. | 12,879 | 953 | ||||
* | MasTec Inc. | 12,319 | 930 | |||
Badger Meter Inc. | 5,797 | 920 | ||||
Zurn Elkay Water Solutions Corp. | 28,778 | 914 | ||||
* | ASGN Inc. | 9,139 | 908 | |||
GATX Corp. | 7,138 | 905 | ||||
MSC Industrial Direct Co. Inc. Class A | 8,860 | 894 | ||||
* | Shift4 Payments Inc. Class A | 10,855 | 892 | |||
Cognex Corp. | 22,596 | 891 | ||||
Herc Holdings Inc. | 5,550 | 881 | ||||
HB Fuller Co. | 10,937 | 870 | ||||
Valmont Industries Inc. | 4,097 | 868 | ||||
* | Itron Inc. | 9,198 | 852 | |||
* | Knife River Corp. | 11,151 | 826 | |||
Air Lease Corp. Class A | 20,473 | 821 | ||||
* | TriNet Group Inc. | 6,319 | 809 | |||
Terex Corp. | 13,397 | 768 | ||||
Brink's Co. | 9,249 | 766 | ||||
* | Alight Inc. Class A | 84,181 | 758 | |||
Silgan Holdings Inc. | 17,076 | 750 | ||||
Kadant Inc. | 2,204 | 743 |
Shares | Market Value• ($000) | |||||
ManpowerGroup Inc. | 10,082 | 727 | ||||
Belden Inc. | 8,533 | 727 | ||||
* | Dycom Industries Inc. | 5,690 | 720 | |||
* | ACI Worldwide Inc. | 21,651 | 713 | |||
* | GMS Inc. | 7,984 | 713 | |||
Encore Wire Corp. | 2,939 | 708 | ||||
Insperity Inc. | 6,854 | 698 | ||||
Korn Ferry | 10,695 | 681 | ||||
Hillenbrand Inc. | 14,205 | 675 | ||||
* | CBIZ Inc. | 8,922 | 674 | |||
ArcBest Corp. | 4,624 | 661 | ||||
John Bean Technologies Corp. | 6,461 | 656 | ||||
* | Marqeta Inc. Class A | 97,975 | 640 | |||
* | Flywire Corp. | 22,183 | 630 | |||
McGrath RentCorp | 5,041 | 627 | ||||
Scorpio Tankers Inc. | 9,293 | 624 | ||||
* | Resideo Technologies Inc. | 27,100 | 605 | |||
* | Verra Mobility Corp. Class A | 27,407 | 593 | |||
Griffon Corp. | 8,100 | 578 | ||||
* | Hub Group Inc. Class A | 12,808 | 545 | |||
* | Masonite International Corp. | 4,178 | 544 | |||
* | Pagseguro Digital Ltd. Class A | 38,953 | 542 | |||
UniFirst Corp. | 3,170 | 535 | ||||
* | O-I Glass Inc. | 31,395 | 531 | |||
Werner Enterprises Inc. | 13,074 | 525 | ||||
* | Remitly Global Inc. | 25,111 | 518 | |||
* | RXO Inc. | 21,518 | 463 | |||
* | AMN Healthcare Services Inc. | 7,852 | 442 | |||
* | Gibraltar Industries Inc. | 5,706 | 442 | |||
EVERTEC Inc. | 12,167 | 440 | ||||
Granite Construction Inc. | 8,197 | 422 | ||||
* | Masterbrand Inc. | 24,207 | 419 | |||
Vestis Corp. | 21,925 | 411 | ||||
Tennant Co. | 3,447 | 390 | ||||
* | OSI Systems Inc. | 2,959 | 388 | |||
Primoris Services Corp. | 9,814 | 388 | ||||
Trinity Industries Inc. | 14,980 | 380 | ||||
* | Bloom Energy Corp. Class A | 42,055 | 369 | |||
* | Hayward Holdings Inc. | 24,842 | 367 | |||
Bread Financial Holdings Inc. | 9,312 | 356 | ||||
* | Huron Consulting Group Inc. | 3,576 | 351 | |||
* | Gates Industrial Corp. plc | 23,746 | 350 | |||
H&E Equipment Services Inc. | 5,959 | 337 | ||||
AZZ Inc. | 4,600 | 335 | ||||
* | Cimpress plc | 3,328 | 326 | |||
ADT Inc. | 44,060 | 320 | ||||
* | American Woodmark Corp. | 3,062 | 307 |
Shares | Market Value• ($000) | |||||
Greenbrier Cos. Inc. | 5,662 | 293 | ||||
Golden Ocean Group Ltd. | 22,800 | 293 | ||||
* | Legalzoom.com Inc. | 23,545 | 292 | |||
*,1 | Enovix Corp. | 29,749 | 290 | |||
* | JELD-WEN Holding Inc. | 15,738 | 286 | |||
* | Dlocal Ltd. Class A | 17,167 | 286 | |||
SFL Corp. Ltd. | 21,319 | 285 | ||||
Helios Technologies Inc. | 6,099 | 269 | ||||
* | Rocket Lab USA Inc. | 57,990 | 266 | |||
* | NCR Atleos Corp. | 12,039 | 262 | |||
Lindsay Corp. | 2,028 | 242 | ||||
Schneider National Inc. Class B | 10,254 | 241 | ||||
Apogee Enterprises Inc. | 4,145 | 237 | ||||
Star Bulk Carriers Corp. | 9,200 | 220 | ||||
1 | ZIM Integrated Shipping Services Ltd. | 17,789 | 212 | |||
Forward Air Corp. | 5,442 | 202 | ||||
* | Joby Aviation Inc. | 35,406 | 199 | |||
TriMas Corp. | 7,762 | 182 | ||||
* | Proto Labs Inc. | 4,900 | 178 | |||
* | CryoPort Inc. | 9,834 | 174 | |||
Astec Industries Inc. | 4,260 | 173 | ||||
* | Kornit Digital Ltd. | 9,294 | 167 | |||
Matson Inc. | 1,419 | 158 | ||||
Deluxe Corp. | 8,064 | 156 | ||||
* | Virgin Galactic Holdings Inc. | 81,826 | 142 | |||
Heartland Express Inc. | 8,811 | 113 | ||||
* | Nikola Corp. | 124,956 | 93 | |||
TTEC Holdings Inc. | 5,235 | 91 | ||||
Ardagh Metal Packaging SA | 26,300 | 86 | ||||
* | Green Dot Corp. Class A | 8,701 | 71 | |||
870,931 | ||||||
Real Estate (3.1%) | ||||||
Prologis Inc. | 182,375 | 24,305 | ||||
American Tower Corp. | 92,141 | 18,323 | ||||
Equinix Inc. | 18,456 | 16,404 | ||||
Welltower Inc. | 106,234 | 9,791 | ||||
Simon Property Group Inc. | 64,218 | 9,513 | ||||
Crown Castle Inc. | 85,676 | 9,419 | ||||
Public Storage | 30,994 | 8,798 | ||||
Digital Realty Trust Inc. | 59,810 | 8,781 | ||||
Realty Income Corp. | 165,801 | 8,640 | ||||
* | CoStar Group Inc. | 80,172 | 6,977 | |||
Extra Space Storage Inc. | 41,479 | 5,847 | ||||
* | CBRE Group Inc. Class A | 60,388 | 5,549 | |||
AvalonBay Communities Inc. | 28,027 | 4,962 | ||||
Iron Mountain Inc. | 57,229 | 4,500 | ||||
Equity Residential | 73,612 | 4,432 | ||||
SBA Communications Corp. Class A | 21,181 | 4,432 | ||||
Alexandria Real Estate Equities Inc. | 34,291 | 4,277 |
Shares | Market Value• ($000) | |||||
Invitation Homes Inc. | 121,412 | 4,137 | ||||
Ventas Inc. | 78,998 | 3,341 | ||||
Sun Communities Inc. | 24,268 | 3,246 | ||||
Mid-America Apartment Communities Inc. | 23,201 | 2,916 | ||||
Essex Property Trust Inc. | 12,581 | 2,911 | ||||
Host Hotels & Resorts Inc. | 139,035 | 2,884 | ||||
Kimco Realty Corp. | 129,340 | 2,556 | ||||
American Homes 4 Rent Class A | 65,096 | 2,409 | ||||
WP Carey Inc. | 41,993 | 2,365 | ||||
Equity LifeStyle Properties Inc. | 34,856 | 2,346 | ||||
UDR Inc. | 64,907 | 2,304 | ||||
Regency Centers Corp. | 35,850 | 2,221 | ||||
Rexford Industrial Realty Inc. | 42,136 | 2,144 | ||||
Boston Properties Inc. | 32,063 | 2,075 | ||||
Camden Property Trust | 20,320 | 1,920 | ||||
CubeSmart | 44,005 | 1,919 | ||||
Lamar Advertising Co. Class A | 17,200 | 1,901 | ||||
* | Jones Lang LaSalle Inc. | 9,406 | 1,789 | |||
Healthpeak Properties Inc. | 106,823 | 1,789 | ||||
Federal Realty Investment Trust | 15,877 | 1,601 | ||||
EastGroup Properties Inc. | 9,042 | 1,589 | ||||
* | Zillow Group Inc. Class C | 26,954 | 1,513 | |||
Omega Healthcare Investors Inc. | 48,137 | 1,498 | ||||
NNN REIT Inc. | 35,213 | 1,433 | ||||
First Industrial Realty Trust Inc. | 25,909 | 1,373 | ||||
STAG Industrial Inc. | 36,476 | 1,355 | ||||
Americold Realty Trust Inc. | 53,396 | 1,351 | ||||
Ryman Hospitality Properties Inc. | 11,260 | 1,334 | ||||
Brixmor Property Group Inc. | 58,612 | 1,325 | ||||
Agree Realty Corp. | 19,444 | 1,068 | ||||
Healthcare Realty Trust Inc. Class A | 77,468 | 1,068 | ||||
Terreno Realty Corp. | 16,040 | 1,031 | ||||
Rayonier Inc. | 29,138 | 1,003 | ||||
Vornado Realty Trust | 36,258 | 954 | ||||
Kilroy Realty Corp. | 24,294 | 920 | ||||
Kite Realty Group Trust | 42,861 | 918 | ||||
Apartment Income REIT Corp. Class A | 28,981 | 879 | ||||
Phillips Edison & Co. Inc. | 23,230 | 830 | ||||
Essential Properties Realty Trust Inc. | 31,456 | 751 | ||||
Park Hotels & Resorts Inc. | 43,264 | 718 | ||||
PotlatchDeltic Corp. | 15,819 | 715 | ||||
Macerich Co. | 43,372 | 712 | ||||
Cousins Properties Inc. | 31,152 | 711 | ||||
Apple Hospitality REIT Inc. | 42,937 | 691 |
Shares | Market Value• ($000) | |||||
Independence Realty Trust Inc. | 46,096 | 675 | ||||
* | Zillow Group Inc. Class A | 12,489 | 675 | |||
SL Green Realty Corp. | 13,789 | 668 | ||||
Sabra Health Care REIT Inc. | 46,363 | 644 | ||||
EPR Properties | 14,984 | 616 | ||||
DigitalBridge Group Inc. | 32,451 | 596 | ||||
Highwoods Properties Inc. | 24,282 | 594 | ||||
National Storage Affiliates Trust | 16,221 | 581 | ||||
Broadstone Net Lease Inc. | 38,252 | 570 | ||||
COPT Defense Properties | 23,269 | 564 | ||||
Physicians Realty Trust | 48,755 | 548 | ||||
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 21,766 | 548 | ||||
Tanger Inc. | 19,000 | 547 | ||||
* | Howard Hughes Holdings Inc. | 7,110 | 543 | |||
SITE Centers Corp. | 39,262 | 533 | ||||
LXP Industrial Trust | 60,174 | 521 | ||||
Innovative Industrial Properties Inc. | 5,185 | 508 | ||||
National Health Investors Inc. | 8,455 | 486 | ||||
Outfront Media Inc. | 31,932 | 459 | ||||
Douglas Emmett Inc. | 33,977 | 449 | ||||
Four Corners Property Trust Inc. | 18,222 | 441 | ||||
Sunstone Hotel Investors Inc. | 38,677 | 433 | ||||
CareTrust REIT Inc. | 18,631 | 420 | ||||
Urban Edge Properties | 24,266 | 413 | ||||
* | Cushman & Wakefield plc | 37,110 | 371 | |||
* | Equity Commonwealth | 19,510 | 367 | |||
DiamondRock Hospitality Co. | 38,909 | 366 | ||||
Pebblebrook Hotel Trust | 22,510 | 357 | ||||
* | Opendoor Technologies Inc. | 113,752 | 350 | |||
RLJ Lodging Trust | 29,029 | 345 | ||||
St. Joe Co. | 6,411 | 345 | ||||
Retail Opportunity Investments Corp. | 26,521 | 343 | ||||
JBG SMITH Properties | 20,160 | 334 | ||||
Global Net Lease Inc. | 44,943 | 324 | ||||
Xenia Hotels & Resorts Inc. | 20,338 | 312 | ||||
Acadia Realty Trust | 17,218 | 282 | ||||
Newmark Group Inc. Class A | 25,636 | 277 | ||||
Uniti Group Inc. | 44,198 | 259 | ||||
Getty Realty Corp. | 9,772 | 258 | ||||
Elme Communities | 19,659 | 253 | ||||
Empire State Realty Trust Inc. Class A | 24,300 | 242 |
Shares | Market Value• ($000) | |||||
LTC Properties Inc. | 7,653 | 241 | ||||
1 | Medical Properties Trust Inc. | 52,519 | 221 | |||
Alexander & Baldwin Inc. | 13,599 | 221 | ||||
Veris Residential Inc. | 14,614 | 213 | ||||
Brandywine Realty Trust | 48,923 | 210 | ||||
* | Apartment Investment & Management Co. Class A | 27,200 | 201 | |||
Kennedy-Wilson Holdings Inc. | 22,518 | 198 | ||||
American Assets Trust Inc. | 9,028 | 195 | ||||
Piedmont Office Realty Trust Inc. Class A | 30,894 | 194 | ||||
eXp World Holdings Inc. | 13,200 | 173 | ||||
Marcus & Millichap Inc. | 4,357 | 160 | ||||
Centerspace | 2,789 | 155 | ||||
* | Anywhere Real Estate Inc. | 24,578 | 154 | |||
Paramount Group Inc. | 34,304 | 152 | ||||
Saul Centers Inc. | 2,184 | 79 | ||||
NET Lease Office Properties | 2,729 | 67 | ||||
250,715 | ||||||
Technology (37.5%) | ||||||
Microsoft Corp. | 1,472,510 | 609,089 | ||||
Apple Inc. | 2,917,592 | 527,355 | ||||
NVIDIA Corp. | 469,981 | 371,811 | ||||
Meta Platforms Inc. Class A | 437,470 | 214,417 | ||||
* | Alphabet Inc. Class A | 1,108,606 | 153,498 | |||
* | Alphabet Inc. Class C | 1,059,741 | 148,131 | |||
Broadcom Inc. | 85,299 | 110,931 | ||||
* | Advanced Micro Devices Inc. | 317,152 | 61,061 | |||
* | Salesforce Inc. | 187,351 | 57,858 | |||
* | Adobe Inc. | 90,662 | 50,796 | |||
Intel Corp. | 834,924 | 35,943 | ||||
Intuit Inc. | 54,147 | 35,894 | ||||
QUALCOMM Inc. | 220,705 | 34,825 | ||||
Oracle Corp. | 305,465 | 34,114 | ||||
Applied Materials Inc. | 165,397 | 33,347 | ||||
* | ServiceNow Inc. | 40,272 | 31,063 | |||
Texas Instruments Inc. | 179,517 | 30,039 | ||||
Lam Research Corp. | 26,021 | 24,414 | ||||
Micron Technology Inc. | 216,091 | 19,580 | ||||
* | Palo Alto Networks Inc. | 60,592 | 18,817 | |||
KLA Corp. | 27,145 | 18,521 | ||||
* | Synopsys Inc. | 30,148 | 17,297 | |||
* | Cadence Design Systems Inc. | 53,529 | 16,293 | |||
* | Crowdstrike Holdings Inc. Class A | 42,255 | 13,697 | |||
NXP Semiconductors NV | 51,161 | 12,776 | ||||
Marvell Technology Inc. | 169,211 | 12,126 | ||||
* | Snowflake Inc. Class A | 62,431 | 11,755 | |||
* | Workday Inc. Class A | 39,699 | 11,698 | |||
* | Autodesk Inc. | 42,845 | 11,061 |
Shares | Market Value• ($000) | |||||
* | Palantir Technologies Inc. Class A | 378,543 | 9,494 | |||
* | Fortinet Inc. | 130,457 | 9,016 | |||
Microchip Technology Inc. | 106,362 | 8,949 | ||||
Cognizant Technology Solutions Corp. Class A | 101,199 | 7,997 | ||||
* | Super Micro Computer Inc. | 9,160 | 7,934 | |||
* | DoorDash Inc. Class A | 60,681 | 7,559 | |||
* | Datadog Inc. Class A | 54,119 | 7,114 | |||
* | Gartner Inc. | 15,156 | 7,056 | |||
* | ON Semiconductor Corp. | 85,797 | 6,771 | |||
CDW Corp. | 26,758 | 6,588 | ||||
Monolithic Power Systems Inc. | 9,103 | 6,555 | ||||
* | Atlassian Corp. Class A | 30,863 | 6,402 | |||
* | MongoDB Inc. Class A | 13,280 | 5,944 | |||
* | Cloudflare Inc. Class A | 58,166 | 5,732 | |||
* | HubSpot Inc. | 9,098 | 5,630 | |||
Corning Inc. | 151,175 | 4,874 | ||||
HP Inc. | 170,659 | 4,835 | ||||
* | Splunk Inc. | 30,641 | 4,787 | |||
Vertiv Holdings Co. Class A | 67,708 | 4,578 | ||||
* | Pinterest Inc. Class A | 116,086 | 4,260 | |||
* | Zscaler Inc. | 17,562 | 4,249 | |||
* | PTC Inc. | 22,851 | 4,182 | |||
Entegris Inc. | 29,344 | 3,943 | ||||
Hewlett Packard Enterprise Co. | 257,987 | 3,929 | ||||
Seagate Technology Holdings plc | 41,493 | 3,861 | ||||
* | Western Digital Corp. | 64,634 | 3,844 | |||
NetApp Inc. | 41,463 | 3,695 | ||||
* | Tyler Technologies Inc. | 8,249 | 3,606 | |||
Jabil Inc. | 24,776 | 3,570 | ||||
* | EPAM Systems Inc. | 11,242 | 3,422 | |||
* | VeriSign Inc. | 17,483 | 3,414 | |||
* | GoDaddy Inc. Class A | 29,150 | 3,327 | |||
Skyworks Solutions Inc. | 31,484 | 3,303 | ||||
* | Akamai Technologies Inc. | 29,401 | 3,261 | |||
Teradyne Inc. | 30,261 | 3,135 | ||||
* | Manhattan Associates Inc. | 12,139 | 3,075 | |||
* | Nutanix Inc. Class A | 48,191 | 3,044 | |||
* | Pure Storage Inc. Class A | 56,890 | 2,995 | |||
* | Check Point Software Technologies Ltd. | 18,452 | 2,960 | |||
* | Okta Inc. Class A | 27,266 | 2,926 | |||
SS&C Technologies Holdings Inc. | 42,613 | 2,717 | ||||
* | Zoom Video Communications Inc. Class A | 38,145 | 2,698 | |||
* | MicroStrategy Inc. Class A | 2,435 | 2,491 | |||
* | AppLovin Corp. Class A | 41,451 | 2,475 | |||
* | Flex Ltd. | 85,752 | 2,414 | |||
Gen Digital Inc. | 111,227 | 2,390 | ||||
* | Dynatrace Inc. | 48,102 | 2,383 |
Shares | Market Value• ($000) | |||||
* | Qorvo Inc. | 19,275 | 2,208 | |||
* | CyberArk Software Ltd. | 8,248 | 2,175 | |||
* | F5 Inc. | 11,603 | 2,172 | |||
Amdocs Ltd. | 23,299 | 2,125 | ||||
* | Elastic NV | 15,829 | 2,118 | |||
* | Lattice Semiconductor Corp. | 27,411 | 2,100 | |||
* | Dayforce Inc. | 29,230 | 2,039 | |||
* | Match Group Inc. | 56,343 | 2,031 | |||
* | Twilio Inc. Class A | 33,472 | 1,995 | |||
* | Guidewire Software Inc. | 16,188 | 1,932 | |||
Paycom Software Inc. | 10,461 | 1,908 | ||||
* | Globant SA | 8,315 | 1,856 | |||
* | UiPath Inc. Class A | 77,145 | 1,832 | |||
* | DocuSign Inc. Class A | 33,737 | 1,797 | |||
* | Onto Innovation Inc. | 9,658 | 1,779 | |||
* | Toast Inc. Class A | 72,806 | 1,675 | |||
Universal Display Corp. | 9,293 | 1,621 | ||||
* | Fabrinet | 7,240 | 1,561 | |||
* | Wix.com Ltd. | 10,604 | 1,486 | |||
* | Unity Software Inc. | 46,729 | 1,370 | |||
* | SPS Commerce Inc. | 7,350 | 1,361 | |||
* | SentinelOne Inc. Class A | 47,041 | 1,325 | |||
* | Arrow Electronics Inc. | 10,933 | 1,285 | |||
* | Confluent Inc. Class A | 37,859 | 1,282 | |||
* | Gitlab Inc. Class A | 17,711 | 1,277 | |||
* | Rambus Inc. | 21,313 | 1,263 | |||
* | Procore Technologies Inc. | 16,088 | 1,255 | |||
* | Qualys Inc. | 7,235 | 1,243 | |||
* | Dropbox Inc. Class A | 50,683 | 1,214 | |||
* | Novanta Inc. | 6,915 | 1,196 | |||
TD SYNNEX Corp. | 11,479 | 1,193 | ||||
* | Monday.com Ltd. | 5,081 | 1,133 | |||
* | Smartsheet Inc. Class A | 26,484 | 1,118 | |||
* | Aspen Technology Inc. | 5,681 | 1,101 | |||
* | Varonis Systems Inc. Class B | 21,655 | 1,100 | |||
* | Tenable Holdings Inc. | 22,491 | 1,083 | |||
* | Insight Enterprises Inc. | 5,706 | 1,073 | |||
* | Cirrus Logic Inc. | 10,950 | 1,005 | |||
* | Kyndryl Holdings Inc. | 45,526 | 1,000 | |||
* | DXC Technology Co. | 43,089 | 942 | |||
Dolby Laboratories Inc. Class A | 11,538 | 935 | ||||
* | Five9 Inc. | 14,980 | 914 | |||
* | Altair Engineering Inc. Class A | 10,672 | 908 | |||
* | Workiva Inc. Class A | 10,498 | 904 | |||
* | Appfolio Inc. Class A | 3,712 | 899 | |||
* | Silicon Laboratories Inc. | 6,299 | 866 | |||
*,1 | GLOBALFOUNDRIES Inc. | 15,700 | 858 | |||
* | CommVault Systems Inc. | 8,872 | 849 | |||
* | ZoomInfo Technologies Inc. Class A | 50,546 | 847 | |||
* | DoubleVerify Holdings Inc. | 27,331 | 844 | |||
Avnet Inc. | 17,929 | 835 |
Shares | Market Value• ($000) | |||||
Power Integrations Inc. | 11,275 | 806 | ||||
Advanced Energy Industries Inc. | 7,595 | 769 | ||||
* | Teradata Corp. | 19,892 | 748 | |||
* | Alarm.com Holdings Inc. | 9,608 | 727 | |||
* | Box Inc. Class A | 27,947 | 721 | |||
* | Rapid7 Inc. | 12,277 | 719 | |||
* | Axcelis Technologies Inc. | 6,374 | 718 | |||
* | BlackLine Inc. | 12,665 | 718 | |||
Amkor Technology Inc. | 22,810 | 708 | ||||
* | Freshworks Inc. Class A | 33,334 | 681 | |||
* | Ziff Davis Inc. | 9,653 | 664 | |||
* | JFrog Ltd. | 14,715 | 659 | |||
* | FormFactor Inc. | 15,248 | 656 | |||
Concentrix Corp. | 8,998 | 652 | ||||
* | Sprout Social Inc. Class A | 10,244 | 633 | |||
*,1 | C3.ai Inc. Class A | 17,135 | 633 | |||
* | Diodes Inc. | 9,150 | 622 | |||
* | Global-e Online Ltd. | 18,318 | 620 | |||
* | Synaptics Inc. | 6,100 | 611 | |||
* | Alteryx Inc. Class A | 12,652 | 608 | |||
* | Blackbaud Inc. | 8,667 | 600 | |||
* | Braze Inc. Class A | 10,262 | 584 | |||
Dun & Bradstreet Holdings Inc. | 54,883 | 578 | ||||
* | Envestnet Inc. | 11,078 | 571 | |||
Vishay Intertechnology Inc. | 26,160 | 569 | ||||
* | Q2 Holdings Inc. | 11,805 | 546 | |||
* | Wolfspeed Inc. | 20,961 | 545 | |||
* | HashiCorp Inc. Class A | 20,864 | 544 | |||
* | CCC Intelligent Solutions Holdings Inc. | 45,068 | 528 | |||
* | Yelp Inc. Class A | 13,661 | 525 | |||
Kulicke & Soffa Industries Inc. | 10,806 | 515 | ||||
Pegasystems Inc. | 7,842 | 510 | ||||
* | Impinj Inc. | 4,618 | 504 | |||
* | DigitalOcean Holdings Inc. | 13,099 | 497 | |||
* | Allegro MicroSystems Inc. | 15,658 | 493 | |||
* | PagerDuty Inc. | 19,411 | 469 | |||
* | LiveRamp Holdings Inc. | 13,045 | 456 | |||
Xerox Holdings Corp. | 24,419 | 455 | ||||
*,1 | Clarivate plc | 63,265 | 454 | |||
* | Ambarella Inc. | 7,960 | 445 | |||
* | Perficient Inc. | 6,803 | 441 | |||
Progress Software Corp. | 8,066 | 430 | ||||
* | nCino Inc. | 14,196 | 424 | |||
* | Verint Systems Inc. | 12,996 | 411 | |||
* | NCR Voyix Corp. | 28,041 | 410 | |||
* | Cargurus Inc. Class A | 18,125 | 401 | |||
* | Rogers Corp. | 3,217 | 361 | |||
* | Asana Inc. Class A | 18,319 | 361 | |||
Clear Secure Inc. Class A | 18,554 | 357 | ||||
* | Appian Corp. Class A | 10,082 | 351 | |||
* | Fastly Inc. Class A | 24,382 | 347 | |||
* | Magnite Inc. | 27,766 | 334 |
Shares | Market Value• ($000) | |||||
*,1 | IonQ Inc. | 32,266 | 334 | |||
* | Squarespace Inc. Class A | 9,971 | 332 | |||
* | Upwork Inc. | 24,680 | 323 | |||
CSG Systems International Inc. | 5,901 | 322 | ||||
* | MaxLinear Inc. Class A | 15,567 | 303 | |||
* | Schrodinger Inc. | 11,691 | 298 | |||
* | SiTime Corp. | 3,213 | 297 | |||
* | PROS Holdings Inc. | 8,268 | 296 | |||
* | Semtech Corp. | 13,755 | 292 | |||
* | Paycor HCM Inc. | 13,456 | 284 | |||
* | NetScout Systems Inc. | 12,879 | 279 | |||
* | Jamf Holding Corp. | 15,441 | 278 | |||
* | Bumble Inc. Class A | 24,124 | 276 | |||
Shutterstock Inc. | 5,397 | 263 | ||||
* | Everbridge Inc. | 9,256 | 262 | |||
CTS Corp. | 5,838 | 260 | ||||
Adeia Inc. | 19,900 | 226 | ||||
* | ScanSource Inc. | 4,496 | 194 | |||
* | E2open Parent Holdings Inc. | 43,234 | 183 | |||
* | N-able Inc. | 12,937 | 174 | |||
* | Fiverr International Ltd. | 7,283 | 172 | |||
* | Stratasys Ltd. | 12,776 | 158 | |||
* | TechTarget Inc. | 4,800 | 152 | |||
* | Cerence Inc. | 10,153 | 151 | |||
* | 3D Systems Corp. | 35,983 | 149 | |||
* | Matterport Inc. | 69,552 | 147 | |||
* | BigCommerce Holdings Inc. | 18,857 | 146 | |||
Methode Electronics Inc. | 6,600 | 141 | ||||
* | RingCentral Inc. Class A | 4,119 | 138 | |||
* | Yext Inc. | 19,847 | 118 | |||
* | SolarWinds Corp. | 9,438 | 113 | |||
* | Digital Turbine Inc. | 30,436 | 96 | |||
* | Veradigm Inc. | 10,289 | 62 | |||
* | Thoughtworks Holding Inc. | 17,700 | 55 | |||
*,3 | Yandex NV Class A | 45,904 | — | |||
3,054,442 | ||||||
Telecommunications (2.3%) | ||||||
Cisco Systems Inc. | 801,925 | 38,789 | ||||
Comcast Corp. Class A | 789,784 | 33,842 | ||||
Verizon Communications Inc. | 834,296 | 33,389 | ||||
AT&T Inc. | 1,421,247 | 24,062 | ||||
T-Mobile US Inc. | 103,425 | 16,889 | ||||
* | Arista Networks Inc. | 49,577 | 13,760 | |||
Motorola Solutions Inc. | 32,598 | 10,770 | ||||
* | Charter Communications Inc. Class A | 19,974 | 5,871 | |||
Juniper Networks Inc. | 62,817 | 2,326 | ||||
* | Ciena Corp. | 29,534 | 1,683 | |||
* | Roku Inc. Class A | 23,517 | 1,486 | |||
* | Frontier Communications Parent Inc. | 49,867 | 1,181 | |||
* | Liberty Global Ltd. Class C | 44,735 | 830 |
Shares | Market Value• ($000) | |||||
Cogent Communications Holdings Inc. | 8,618 | 697 | ||||
* | Lumentum Holdings Inc. | 13,827 | 670 | |||
* | Liberty Global Ltd. Class A | 35,029 | 613 | |||
Cable One Inc. | 1,165 | 531 | ||||
InterDigital Inc. | 4,955 | 530 | ||||
* | Viavi Solutions Inc. | 46,252 | 442 | |||
* | Calix Inc. | 12,073 | 421 | |||
* | Extreme Networks Inc. | 25,665 | 324 | |||
Telephone & Data Systems Inc. | 18,369 | 281 | ||||
* | Liberty Latin America Ltd. Class C | 26,882 | 175 | |||
Shenandoah Telecommunications Co. | 8,900 | 166 | ||||
Ubiquiti Inc. | 800 | 94 | ||||
* | CommScope Holding Co. Inc. | 49,163 | 57 | |||
* | Lumen Technologies Inc. | 30,845 | 50 | |||
* | Liberty Latin America Ltd. Class A | 7,448 | 48 | |||
189,977 | ||||||
Utilities (0.5%) | ||||||
Waste Management Inc. | 80,347 | 16,523 | ||||
Republic Services Inc. Class A | 40,665 | 7,466 | ||||
American Water Works Co. Inc. | 38,554 | 4,570 | ||||
Atmos Energy Corp. | 29,305 | 3,309 | ||||
* | Clean Harbors Inc. | 10,006 | 1,822 | |||
Essential Utilities Inc. | 47,655 | 1,657 | ||||
* | Stericycle Inc. | 18,469 | 1,005 | |||
* | Casella Waste Systems Inc. Class A | 11,157 | 1,005 | |||
Southwest Gas Holdings Inc. | 12,127 | 826 | ||||
New Jersey Resources Corp. | 18,398 | 766 | ||||
Ormat Technologies Inc. | 10,789 | 703 | ||||
ONE Gas Inc. | 11,139 | 664 | ||||
Spire Inc. | 10,520 | 624 | ||||
* | Sunrun Inc. | 46,809 | 564 |
Shares | Market Value• ($000) | |||||
California Water Service Group | 12,061 | 554 | ||||
SJW Group | 5,968 | 329 | ||||
Northwest Natural Holding Co. | 6,700 | 246 | ||||
* | Sunnova Energy International Inc. | 25,830 | 188 | |||
42,821 | ||||||
Total Common Stocks (Cost $6,346,529) | 8,113,863 | |||||
Warrants (0.0%) | ||||||
* | Cassava Sciences Inc. Exp. 11/15/24 (Cost $—) | 1 | — | |||
Temporary Cash Investments (0.4%) | ||||||
Money Market Fund (0.4%) | ||||||
4,5 | Vanguard Market Liquidity Fund, 5.400% (Cost $29,231) | 292,364 | 29,234 | |||
Total Investments (100.0%) (Cost $6,375,760) | 8,143,097 | |||||
Other Assets and Liabilities—Net (0.0%) | 3,472 | |||||
Net Assets (100%) | 8,146,569 |
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 $5,217,000. |
2 | Restricted securities totaling $25,000, representing 0.0% of net assets. |
3 | Security value determined using significant unobservable inputs. |
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 $5,628,000 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 NASDAQ 100 Index | March 2024 | 21 | 7,595 | 339 |
E-mini S&P 500 Index | March 2024 | 98 | 25,008 | 1,249 |
1,588 |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $6,346,529) | 8,113,863 |
Affiliated Issuers (Cost $29,231) | 29,234 |
Total Investments in Securities | 8,143,097 |
Investment in Vanguard | 240 |
Cash | 358 |
Cash Collateral Pledged—Futures Contracts | 1,533 |
Receivables for Investment Securities Sold | 209 |
Receivables for Accrued Income | 7,424 |
Receivables for Capital Shares Issued | 7 |
Variation Margin Receivable—Futures Contracts | 182 |
Total Assets | 8,153,050 |
Liabilities | |
Payables for Investment Securities Purchased | 576 |
Collateral for Securities on Loan | 5,628 |
Payables to Vanguard | 277 |
Total Liabilities | 6,481 |
Net Assets | 8,146,569 |
1 Includes $5,217,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 6,539,826 |
Total Distributable Earnings (Loss) | 1,606,743 |
Net Assets | 8,146,569 |
Net Assets | |
Applicable to 89,550,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 8,146,569 |
Net Asset Value Per Share | $90.97 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 46,530 |
Interest2 | 481 |
Securities Lending—Net | 399 |
Total Income | 47,410 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 81 |
Management and Administrative | 2,891 |
Marketing and Distribution | 130 |
Custodian Fees | 5 |
Shareholders’ Reports | 53 |
Trustees’ Fees and Expenses | 3 |
Other Expenses | 9 |
Total Expenses | 3,172 |
Net Investment Income | 44,238 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | (18,322) |
Futures Contracts | 1,271 |
Realized Net Gain (Loss) | (17,051) |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 1,031,755 |
Futures Contracts | 1,102 |
Change in Unrealized Appreciation (Depreciation) | 1,032,857 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,060,044 |
1 | Dividends are net of foreign withholding taxes of $19,000. |
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 $452,000, $2,000, less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $29,244,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 44,238 | 83,737 | |
Realized Net Gain (Loss) | (17,051) | 92,835 | |
Change in Unrealized Appreciation (Depreciation) | 1,032,857 | 755,592 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,060,044 | 932,164 | |
Distributions | |||
Total Distributions | (50,803) | (80,651) | |
Capital Share Transactions | |||
Issued | 411,119 | 464,375 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (73,135) | (416,802) | |
Net Increase (Decrease) from Capital Share Transactions | 337,984 | 47,573 | |
Total Increase (Decrease) | 1,347,225 | 899,086 | |
Net Assets | |||
Beginning of Period | 6,799,344 | 5,900,258 | |
End of Period | 8,146,569 | 6,799,344 |
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | September 18, 20181 to August 31, 2019 | |||
2023 | 2022 | 2021 | 2020 | |||
Net Asset Value, Beginning of Period | $79.52 | $69.60 | $84.42 | $64.47 | $51.25 | $50.00 |
Investment Operations | ||||||
Net Investment Income2 | .509 | .983 | .921 | .873 | .846 | .792 |
Net Realized and Unrealized Gain (Loss) on Investments | 11.528 | 9.884 | (14.856) | 19.844 | 13.146 | .868 |
Total from Investment Operations | 12.037 | 10.867 | (13.935) | 20.717 | 13.992 | 1.660 |
Distributions | ||||||
Dividends from Net Investment Income | (.587) | (.947) | (.885) | (.767) | (.772) | (.410) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.587) | (.947) | (.885) | (.767) | (.772) | (.410) |
Net Asset Value, End of Period | $90.97 | $79.52 | $69.60 | $84.42 | $64.47 | $51.25 |
Total Return | 15.23% | 15.82% | -16.61% | 32.41% | 27.60% | 3.40% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $8,147 | $6,799 | $5,900 | $5,259 | $1,974 | $595 |
Ratio of Total Expenses to Average Net Assets | 0.09% | 0.09% | 0.09% | 0.09% | 0.12% | 0.12%3 |
Ratio of Net Investment Income to Average Net Assets | 1.24% | 1.38% | 1.18% | 1.18% | 1.54% | 1.67%3 |
Portfolio Turnover Rate4 | 1% | 3% | 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 | 8,113,838 | 25 | — | 8,113,863 |
Warrants | — | — | — | — |
Temporary Cash Investments | 29,234 | — | — | 29,234 |
Total | 8,143,072 | 25 | — | 8,143,097 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 1,588 | — | — | 1,588 |
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 | 6,377,932 |
Gross Unrealized Appreciation | 2,243,613 |
Gross Unrealized Depreciation | (476,860) |
Net Unrealized Appreciation (Depreciation) | 1,766,753 |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
Shares (000) | Shares (000) | ||
Issued | 4,950 | 6,625 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (900) | (5,900) | |
Net Increase (Decrease) in Shares Outstanding | 4,050 | 725 |
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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 29, 2024 | |||
ESG International Stock ETF | Beginning Account Value 8/31/2023 | Ending Account Value 2/29/2024 | Expenses Paid During Period |
Based on Actual Fund Return | $1,000.00 | $1,079.50 | $0.62 |
Based on Hypothetical 5% Yearly Return | 1,000.00 | 1,024.27 | 0.60 |
Japan | 18.2% |
United Kingdom | 7.6 |
Taiwan | 6.6 |
Canada | 6.4 |
China | 6.3 |
Switzerland | 6.3 |
Germany | 5.1 |
India | 5.0 |
Australia | 5.0 |
France | 4.2 |
South Korea | 4.0 |
Netherlands | 3.7 |
Denmark | 2.6 |
Sweden | 2.3 |
Italy | 1.8 |
Spain | 1.4 |
Hong Kong | 1.4 |
Brazil | 1.2 |
Saudi Arabia | 1.0 |
South Africa | 1.0 |
Other | 8.9 |
Shares | Market Value• ($000) | |||||
Common Stocks (98.9%) | ||||||
Australia (5.0%) | ||||||
Commonwealth Bank of Australia | 279,854 | 21,229 | ||||
CSL Ltd. | 80,003 | 14,894 | ||||
National Australia Bank Ltd. | 521,945 | 11,597 | ||||
Westpac Banking Corp. | 580,688 | 9,964 | ||||
ANZ Group Holdings Ltd. | 501,481 | 9,295 | ||||
Wesfarmers Ltd. | 187,443 | 8,136 | ||||
Macquarie Group Ltd. | 60,064 | 7,627 | ||||
Goodman Group | 308,395 | 6,004 | ||||
Transurban Group | 509,762 | 4,492 | ||||
Fortescue Ltd. | 264,891 | 4,471 | ||||
Woolworths Group Ltd. | 198,228 | 4,208 | ||||
* | James Hardie Industries plc | 73,545 | 2,909 | |||
QBE Insurance Group Ltd. | 251,223 | 2,828 | ||||
Cochlear Ltd. | 10,851 | 2,474 | ||||
Brambles Ltd. | 235,071 | 2,308 | ||||
Amcor plc | 243,884 | 2,173 | ||||
Suncorp Group Ltd. | 216,403 | 2,155 | ||||
Scentre Group | 907,984 | 1,838 | ||||
* | Xero Ltd. | 21,490 | 1,787 | |||
Telstra Group Ltd. | 683,861 | 1,699 | ||||
Insurance Australia Group Ltd. | 416,994 | 1,683 | ||||
Computershare Ltd. | 98,440 | 1,664 | ||||
WiseTech Global Ltd. | 26,650 | 1,644 | ||||
Northern Star Resources Ltd. | 188,991 | 1,571 | ||||
Sonic Healthcare Ltd. | 76,928 | 1,493 | ||||
CAR Group Ltd. | 61,866 | 1,482 | ||||
ASX Ltd. | 33,209 | 1,423 | ||||
Pilbara Minerals Ltd. | 480,344 | 1,312 | ||||
Stockland | 431,796 | 1,262 | ||||
Mineral Resources Ltd. | 28,354 | 1,230 | ||||
BlueScope Steel Ltd. | 79,414 | 1,181 | ||||
Medibank Pvt Ltd. | 483,466 | 1,130 |
Shares | Market Value• ($000) | |||||
Ramsay Health Care Ltd. | 30,436 | 1,086 | ||||
* | NEXTDC Ltd. | 92,650 | 1,067 | |||
REA Group Ltd. | 8,215 | 1,039 | ||||
SEEK Ltd. | 60,483 | 1,036 | ||||
Mirvac Group | 715,251 | 1,014 | ||||
GPT Group | 353,773 | 1,001 | ||||
Orica Ltd. | 88,674 | 988 | ||||
Dexus | 196,396 | 940 | ||||
Vicinity Ltd. | 715,490 | 904 | ||||
Altium Ltd. | 20,747 | 877 | ||||
JB Hi-Fi Ltd. | 20,697 | 829 | ||||
Steadfast Group Ltd. | 198,589 | 748 | ||||
Atlas Arteria Ltd. | 208,541 | 733 | ||||
Charter Hall Group | 85,772 | 699 | ||||
Bendigo & Adelaide Bank Ltd. | 110,608 | 697 | ||||
Aurizon Holdings Ltd. | 267,360 | 663 | ||||
Cleanaway Waste Management Ltd. | 370,390 | 645 | ||||
Incitec Pivot Ltd. | 353,646 | 621 | ||||
* | Lynas Rare Earths Ltd. | 161,665 | 615 | |||
Evolution Mining Ltd. | 315,126 | 599 | ||||
Technology One Ltd. | 50,186 | 555 | ||||
IGO Ltd. | 107,501 | 554 | ||||
IDP Education Ltd. | 44,190 | 549 | ||||
Lendlease Corp. Ltd. | 125,345 | 524 | ||||
Qube Holdings Ltd. | 247,729 | 524 | ||||
Reece Ltd. | 29,269 | 512 | ||||
Pro Medicus Ltd. | 7,423 | 503 | ||||
Bank of Queensland Ltd. | 130,728 | 500 | ||||
Orora Ltd. | 252,652 | 441 | ||||
* | Qantas Airways Ltd. | 127,832 | 427 | |||
Breville Group Ltd. | 23,294 | 415 | ||||
Downer EDI Ltd. | 126,912 | 412 | ||||
* | Sandfire Resources Ltd. | 82,303 | 406 | |||
Challenger Ltd. | 92,509 | 405 | ||||
Reliance Worldwide Corp. Ltd. | 108,864 | 389 | ||||
nib holdings Ltd. | 80,923 | 386 | ||||
Champion Iron Ltd. | 75,184 | 379 |
Shares | Market Value• ($000) | |||||
Flight Centre Travel Group Ltd. | 26,599 | 371 | ||||
Super Retail Group Ltd. | 33,557 | 357 | ||||
AMP Ltd. | 486,748 | 354 | ||||
Iluka Resources Ltd. | 74,990 | 334 | ||||
CSR Ltd. | 57,917 | 333 | ||||
* | Alumina Ltd. | 476,109 | 327 | |||
* | Webjet Ltd. | 70,781 | 321 | |||
Perpetual Ltd. | 20,323 | 318 | ||||
ARB Corp. Ltd. | 11,288 | 305 | ||||
Domino's Pizza Enterprises Ltd. | 10,312 | 303 | ||||
Eagers Automotive Ltd. | 30,261 | 293 | ||||
Nine Entertainment Co. Holdings Ltd. | 257,801 | 289 | ||||
National Storage REIT | 193,224 | 284 | ||||
Harvey Norman Holdings Ltd. | 81,899 | 264 | ||||
Ansell Ltd. | 16,968 | 263 | ||||
Deterra Royalties Ltd. | 77,933 | 252 | ||||
* | Megaport Ltd. | 26,459 | 250 | |||
AUB Group Ltd. | 12,411 | 244 | ||||
Perseus Mining Ltd. | 209,738 | 237 | ||||
* | Neuren Pharmaceuticals Ltd. | 18,249 | 230 | |||
* | PEXA Group Ltd. | 27,052 | 225 | |||
Charter Hall Long Wale REIT | 88,140 | 214 | ||||
* | Boral Ltd. | 54,758 | 213 | |||
*,1 | Liontown Resources Ltd. | 265,252 | 213 | |||
* | Telix Pharmaceuticals Ltd. | 26,210 | 212 | |||
HUB24 Ltd. | 8,289 | 211 | ||||
Bapcor Ltd. | 50,812 | 197 | ||||
Insignia Financial Ltd. | 120,581 | 186 | ||||
Region RE Ltd. | 129,279 | 186 | ||||
Data#3 Ltd. | 33,870 | 185 | ||||
Premier Investments Ltd. | 9,311 | 183 | ||||
Sims Ltd. | 22,596 | 180 | ||||
Nickel Industries Ltd. | 387,867 | 178 | ||||
* | De Grey Mining Ltd. | 216,746 | 177 | |||
GrainCorp Ltd. Class A | 34,469 | 175 | ||||
Nufarm Ltd. | 46,719 | 175 | ||||
Brickworks Ltd. | 9,006 | 171 | ||||
* | Bellevue Gold Ltd. | 164,541 | 163 | |||
Credit Corp. Group Ltd. | 12,951 | 162 | ||||
* | IRESS Ltd. | 31,279 | 160 | |||
Corporate Travel Management Ltd. | 15,477 | 160 | ||||
Gold Road Resources Ltd. | 166,751 | 159 | ||||
EVT Ltd. | 21,129 | 159 | ||||
Ingenia Communities Group | 50,136 | 158 |
Shares | Market Value• ($000) | |||||
Ramelius Resources Ltd. | 169,435 | 158 | ||||
Lovisa Holdings Ltd. | 7,385 | 156 | ||||
HMC Capital Ltd. | 33,403 | 153 | ||||
* | Capricorn Metals Ltd. | 49,645 | 152 | |||
GUD Holdings Ltd. | 19,696 | 150 | ||||
* | Audinate Group Ltd. | 9,899 | 149 | |||
G8 Education Ltd. | 178,942 | 147 | ||||
*,2 | Life360 Inc. | 27,622 | 147 | |||
TPG Telecom Ltd. | 47,465 | 145 | ||||
Sigma Healthcare Ltd. | 192,977 | 144 | ||||
* | Temple & Webster Group Ltd. | 17,109 | 142 | |||
* | Adbri Ltd. | 68,572 | 140 | |||
* | PolyNovo Ltd. | 93,871 | 139 | |||
Netwealth Group Ltd. | 10,836 | 135 | ||||
GQG Partners Inc. | 94,038 | 134 | ||||
Lifestyle Communities Ltd. (XASX) | 13,038 | 130 | ||||
Domain Holdings Australia Ltd. | 56,151 | 122 | ||||
GDI Property Group Partnership | 308,546 | 121 | ||||
Helia Group Ltd. | 44,810 | 120 | ||||
* | Regis Resources Ltd. | 101,994 | 119 | |||
Elders Ltd. | 19,993 | 118 | ||||
Centuria Capital Group | 111,358 | 117 | ||||
* | Red 5 Ltd. | 545,752 | 117 | |||
* | West African Resources Ltd. | 201,913 | 115 | |||
* | SiteMinder Ltd. | 32,433 | 114 | |||
NRW Holdings Ltd. | 58,013 | 113 | ||||
Inghams Group Ltd. | 47,576 | 113 | ||||
McMillan Shakespeare Ltd. | 7,700 | 110 | ||||
Monadelphous Group Ltd. | 11,148 | 103 | ||||
Magellan Financial Group Ltd. | 19,021 | 101 | ||||
Bega Cheese Ltd. | 36,804 | 101 | ||||
Johns Lyng Group Ltd. | 24,635 | 101 | ||||
* | Cettire Ltd. | 32,422 | 101 | |||
*,1 | Imugene Ltd. | 1,243,613 | 98 | |||
Waypoint REIT Ltd. | 63,208 | 97 | ||||
* | Silver Lake Resources Ltd. | 137,522 | 96 | |||
Imdex Ltd. | 69,503 | 96 | ||||
Kelsian Group Ltd. | 24,353 | 96 | ||||
Link Administration Holdings Ltd. | 65,491 | 94 | ||||
* | Westgold Resources Ltd. | 72,561 | 92 | |||
Collins Foods Ltd. | 12,729 | 91 | ||||
IPH Ltd. | 20,867 | 86 | ||||
* | Zip Co. Ltd. | 133,731 | 84 | |||
*,1 | Weebit Nano Ltd. | 28,166 | 80 | |||
* | Resolute Mining Ltd. | 365,628 | 79 |
Shares | Market Value• ($000) | |||||
oOh!media Ltd. | 64,438 | 77 | ||||
Pinnacle Investment Management Group Ltd. | 10,358 | 76 | ||||
* | Macquarie Technology Group Ltd. | 1,451 | 73 | |||
Arena REIT | 32,118 | 72 | ||||
* | Healius Ltd. | 98,854 | 71 | |||
SmartGroup Corp. Ltd. | 9,823 | 70 | ||||
* | Perenti Ltd. | 116,919 | 69 | |||
Nick Scali Ltd. | 7,198 | 69 | ||||
* | FleetPartners Group Ltd. | 30,424 | 69 | |||
Service Stream Ltd. | 91,961 | 67 | ||||
Myer Holdings Ltd. | 126,690 | 67 | ||||
* | Mayne Pharma Group Ltd. | 14,939 | 66 | |||
* | Aussie Broadband Ltd. | 22,150 | 66 | |||
Accent Group Ltd. | 49,592 | 65 | ||||
Vulcan Steel Ltd. | 12,759 | 65 | ||||
* | Judo Capital Holdings Ltd. | 79,207 | 64 | |||
* | Tietto Minerals Ltd. | 164,874 | 64 | |||
* | Alpha HPA Ltd. | 111,712 | 63 | |||
PWR Holdings Ltd. | 7,547 | 61 | ||||
Charter Hall Retail REIT | 26,043 | 60 | ||||
* | Nanosonics Ltd. | 32,627 | 58 | |||
Clinuvel Pharmaceuticals Ltd. | 6,454 | 57 | ||||
Hotel Property Investments Ltd. | 28,618 | 55 | ||||
Infomedia Ltd. | 52,246 | 54 | ||||
* | Kogan.com Ltd. | 10,546 | 54 | |||
Hansen Technologies Ltd. | 16,814 | 53 | ||||
* | Latin Resources Ltd. | 366,933 | 53 | |||
* | Nuix Ltd. | 37,602 | 52 | |||
* | Superloop Ltd. | 75,487 | 51 | |||
HealthCo REIT | 56,483 | 51 | ||||
Platinum Asset Management Ltd. | 75,038 | 50 | ||||
GWA Group Ltd. | 28,131 | 49 | ||||
* | Syrah Resources Ltd. | 122,456 | 49 | |||
Regis Healthcare Ltd. | 20,849 | 49 | ||||
APM Human Services International Ltd. | 45,498 | 49 | ||||
Cromwell Property Group | 183,500 | 48 | ||||
*,3 | Leo Lithium Ltd. | 145,596 | 48 | |||
Abacus Storage King | 59,699 | 48 | ||||
* | Opthea Ltd. | 113,583 | 47 | |||
Australian Ethical Investment Ltd. | 13,322 | 46 | ||||
* | Chalice Mining Ltd. | 62,487 | 46 | |||
* | Omni Bridgeway Ltd. | 41,479 | 45 | |||
* | Bravura Solutions Ltd. | 55,130 | 45 | |||
*,3 | AVZ Minerals Ltd. | 358,175 | 45 |
Shares | Market Value• ($000) | |||||
Dicker Data Ltd. | 5,029 | 41 | ||||
* | Select Harvests Ltd. | 13,463 | 39 | |||
* | Tyro Payments Ltd. | 50,654 | 37 | |||
Abacus Group | 51,290 | 37 | ||||
1 | Oceania Healthcare Ltd. | 101,609 | 36 | |||
Baby Bunting Group Ltd. | 34,679 | 36 | ||||
Emeco Holdings Ltd. | 81,576 | 35 | ||||
*,1 | Calix Ltd. | 27,741 | 35 | |||
* | OFX Group Ltd. | 33,880 | 34 | |||
*,1 | Sayona Mining Ltd. | 1,292,695 | 34 | |||
*,1 | BrainChip Holdings Ltd. | 130,435 | 33 | |||
*,1 | Mesoblast Ltd. | 157,809 | 30 | |||
* | Alkane Resources Ltd. | 96,939 | 30 | |||
*,1 | ioneer Ltd. | 350,440 | 30 | |||
MyState Ltd. | 13,978 | 29 | ||||
* | Mount Gibson Iron Ltd. | 86,412 | 28 | |||
* | EML Payments Ltd. | 43,095 | 28 | |||
Cedar Woods Properties Ltd. | 8,900 | 27 | ||||
* | Aurelia Metals Ltd. | 272,344 | 24 | |||
Integral Diagnostics Ltd. | 16,490 | 24 | ||||
*,1 | Vulcan Energy Resources Ltd. | 16,396 | 24 | |||
* | Australian Agricultural Co. Ltd. | 26,373 | 23 | |||
* | Seven West Media Ltd. | 166,120 | 23 | |||
Solvar Ltd. | 28,545 | 21 | ||||
* | Coast Entertainment Holdings Ltd. | 67,417 | 21 | |||
* | Lifestyle Communities Ltd. | 2,143 | 21 | |||
*,1 | Novonix Ltd. | 36,080 | 19 | |||
* | Fineos Corp. Ltd. | 16,306 | 18 | |||
*,1 | Lake Resources NL | 230,973 | 18 | |||
1 | Australian Clinical Labs Ltd. | 10,261 | 16 | |||
*,1 | Argosy Minerals Ltd. | 181,256 | 15 | |||
* | St. Barbara Ltd. | 148,272 | 14 | |||
* | Praemium Ltd. | 55,192 | 14 | |||
Australian Finance Group Ltd. | 13,403 | 13 | ||||
* | 29Metals Ltd. | 54,890 | 13 | |||
SG Fleet Group Ltd. | 6,490 | 12 | ||||
* | Australian Strategic Materials Ltd. | 18,773 | 12 | |||
Navigator Global Investments Ltd. | 10,736 | 10 | ||||
*,1 | Paradigm Biopharmaceuticals Ltd. | 43,440 | 10 | |||
Jupiter Mines Ltd. | 74,019 | 9 | ||||
Southern Cross Media Group Ltd. | 13,677 | 8 | ||||
Humm Group Ltd. | 21,792 | 8 | ||||
Growthpoint Properties Australia Ltd. | 4,631 | 7 |
Shares | Market Value• ($000) | |||||
* | Appen Ltd. | 20,119 | 7 | |||
*,1 | Neometals Ltd. | 75,493 | 7 | |||
*,1 | Bubs Australia Ltd. | 75,873 | 6 | |||
*,1 | Andromeda Metals Ltd. | 324,268 | 6 | |||
*,1 | Jervois Global Ltd. | 380,965 | 6 | |||
183,076 | ||||||
Austria (0.2%) | ||||||
Erste Group Bank AG | 52,473 | 2,098 | ||||
2 | BAWAG Group AG | 14,744 | 835 | |||
Wienerberger AG | 20,691 | 723 | ||||
ANDRITZ AG | 10,867 | 684 | ||||
Raiffeisen Bank International AG | 23,677 | 493 | ||||
CA Immobilien Anlagen AG | 5,872 | 189 | ||||
Oesterreichische Post AG | 5,524 | 179 | ||||
DO & CO AG | 939 | 146 | ||||
UNIQA Insurance Group AG | 16,104 | 141 | ||||
Vienna Insurance Group AG Wiener Versicherung Gruppe | 3,955 | 115 | ||||
* | IMMOFINANZ AG | 4,805 | 109 | |||
Telekom Austria AG Class A | 12,522 | 99 | ||||
*,1 | Lenzing AG | 3,024 | 95 | |||
1 | AT&S Austria Technologie & Systemtechnik AG | 4,104 | 83 | |||
Strabag SE | 1,095 | 52 | ||||
Palfinger AG | 963 | 25 | ||||
* | Eurotelesites AG | 3,130 | 12 | |||
Porr AG | 657 | 10 | ||||
Agrana Beteiligungs AG | 168 | 2 | ||||
6,090 | ||||||
Belgium (0.6%) | ||||||
* | Argenx SE | 9,741 | 3,651 | |||
KBC Group NV | 41,532 | 2,926 | ||||
UCB SA | 20,519 | 2,368 | ||||
Ageas SA/NV | 28,965 | 1,231 | ||||
* | Syensqo SA | 12,321 | 1,100 | |||
Groupe Bruxelles Lambert NV | 14,397 | 1,083 | ||||
Ackermans & van Haaren NV | 4,514 | 759 | ||||
Warehouses De Pauw CVA | 28,116 | 753 | ||||
Elia Group SA/NV | 6,691 | 744 | ||||
D'ieteren Group | 3,391 | 655 | ||||
Sofina SA | 2,624 | 601 | ||||
Lotus Bakeries NV | 62 | 583 | ||||
Aedifica SA | 9,140 | 522 | ||||
KBC Ancora | 8,453 | 397 | ||||
Cofinimmo SA | 6,249 | 390 |
Shares | Market Value• ($000) | |||||
Etablissements Franz Colruyt NV | 7,595 | 365 | ||||
Euronav NV | 18,185 | 322 | ||||
Solvay SA | 12,386 | 316 | ||||
Bekaert SA | 4,808 | 238 | ||||
Melexis NV | 2,735 | 230 | ||||
Proximus SADP | 25,171 | 211 | ||||
Xior Student Housing NV | 6,903 | 190 | ||||
Barco NV | 10,081 | 180 | ||||
Montea NV | 2,158 | 173 | ||||
VGP NV | 1,391 | 153 | ||||
Fagron | 7,403 | 144 | ||||
Shurgard Self Storage Ltd. | 3,330 | 143 | ||||
Gimv NV | 2,791 | 134 | ||||
Deme Group NV | 786 | 109 | ||||
Retail Estates NV | 1,277 | 82 | ||||
* | Ontex Group NV | 8,272 | 66 | |||
Kinepolis Group NV | 1,404 | 66 | ||||
bpost SA | 12,398 | 47 | ||||
Wereldhave Belgium Comm VA | 768 | 38 | ||||
* | AGFA-Gevaert NV | 25,005 | 28 | |||
Van de Velde NV | 515 | 18 | ||||
21,016 | ||||||
Brazil (0.9%) | ||||||
B3 SA - Brasil Bolsa Balcao | 949,730 | 2,451 | ||||
WEG SA | 244,262 | 1,803 | ||||
Banco do Brasil SA | 140,504 | 1,635 | ||||
Banco BTG Pactual SA | 217,000 | 1,589 | ||||
Localiza Rent a Car SA | 138,686 | 1,479 | ||||
Suzano SA | 117,825 | 1,336 | ||||
Equatorial Energia SA | 150,977 | 1,038 | ||||
Raia Drogasil SA | 177,860 | 953 | ||||
Rumo SA | 196,579 | 898 | ||||
Cia de Saneamento Basico do Estado de Sao Paulo SABESP | 53,630 | 854 | ||||
Itau Unibanco Holding SA | 130,300 | 768 | ||||
Telefonica Brasil SA | 69,000 | 756 | ||||
BB Seguridade Participacoes SA | 111,200 | 746 | ||||
Banco Bradesco SA | 291,035 | 720 | ||||
2 | Rede D'Or Sao Luiz SA | 127,830 | 651 | |||
Sendas Distribuidora SA | 220,139 | 629 | ||||
*,2 | Hapvida Participacoes e Investimentos SA | 777,874 | 574 | |||
Klabin SA | 125,900 | 572 | ||||
CCR SA | 192,758 | 534 | ||||
* | Natura & Co. Holding SA | 156,287 | 513 | |||
Lojas Renner SA | 152,542 | 485 | ||||
* | BRF SA | 154,663 | 470 |
Shares | Market Value• ($000) | |||||
Energisa SA | 43,000 | 440 | ||||
* | Hypera SA | 66,200 | 438 | |||
TOTVS SA | 69,988 | 432 | ||||
TIM SA | 115,300 | 421 | ||||
Allos SA | 72,180 | 359 | ||||
Cia Siderurgica Nacional SA | 96,334 | 326 | ||||
Banco Santander Brasil SA | 56,032 | 322 | ||||
Transmissora Alianca de Energia Eletrica SA | 43,300 | 308 | ||||
2 | GPS Participacoes e Empreendimentos SA | 77,500 | 279 | |||
Santos Brasil Participacoes SA | 123,581 | 262 | ||||
Engie Brasil Energia SA | 30,600 | 259 | ||||
* | Cia De Sanena Do Parana | 46,000 | 239 | |||
* | Fleury SA | 69,999 | 224 | |||
* | Magazine Luiza SA | 496,916 | 213 | |||
M Dias Branco SA | 25,000 | 207 | ||||
Atacadao SA | 84,300 | 205 | ||||
YDUQS Participacoes SA | 48,200 | 197 | ||||
* | Porto Seguro SA | 32,200 | 185 | |||
Cyrela Brazil Realty SA Empreendimentos e Participacoes | 38,100 | 184 | ||||
* | Multiplan Empreendimentos Imobiliarios SA | 34,700 | 184 | |||
Sao Martinho SA | 31,500 | 179 | ||||
Tres Tentos Agroindustrial SA | 83,800 | 179 | ||||
Cielo SA | 158,700 | 171 | ||||
Alupar Investimento SA | 28,076 | 168 | ||||
Cia de Saneamento de Minas Gerais Copasa MG | 40,200 | 167 | ||||
Caixa Seguridade Participacoes SA | 55,200 | 160 | ||||
Auren Energia SA | 58,032 | 150 | ||||
* | Cogna Educacao SA | 276,700 | 140 | |||
* | Grupo Mateus SA | 85,700 | 139 | |||
Cia Energetica de Minas Gerais | 44,663 | 135 | ||||
SLC Agricola SA | 33,220 | 131 | ||||
* | Marfrig Global Foods SA | 64,541 | 129 | |||
* | Serena Energia SA | 60,353 | 114 | |||
Arezzo Industria e Comercio SA | 9,500 | 113 | ||||
Fras-Le SA | 34,400 | 113 | ||||
* | IRB-Brasil Resseguros SA | 13,936 | 109 | |||
Odontoprev SA | 44,610 | 108 | ||||
Direcional Engenharia SA | 21,877 | 104 | ||||
* | AES Brasil Energia SA | 48,377 | 102 |
Shares | Market Value• ($000) | |||||
Wilson Sons SA | 28,300 | 98 | ||||
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 54,093 | 95 | ||||
Grupo De Moda Soma SA | 65,888 | 93 | ||||
Vivara Participacoes SA | 13,800 | 91 | ||||
* | Dexco SA | 55,418 | 91 | |||
Vulcabras SA | 24,400 | 91 | ||||
* | MRV Engenharia e Participacoes SA | 58,600 | 90 | |||
SIMPAR SA | 58,300 | 90 | ||||
Smartfit Escola de Ginastica e Danca SA | 17,300 | 85 | ||||
JHSF Participacoes SA | 92,000 | 83 | ||||
Mills Locacao Servicos e Logistica SA | 32,200 | 81 | ||||
EcoRodovias Infraestrutura e Logistica SA | 43,400 | 80 | ||||
Iguatemi SA | 16,212 | 77 | ||||
Camil Alimentos SA | 43,400 | 75 | ||||
* | Hidrovias do Brasil SA | 96,900 | 75 | |||
* | Oncoclinicas do Brasil Servicos Medicos SA | 36,400 | 75 | |||
Mahle Metal Leve SA | 10,300 | 74 | ||||
CSN Mineracao SA | 57,900 | 71 | ||||
Grendene SA | 53,800 | 70 | ||||
LOG Commercial Properties e Participacoes SA | 15,667 | 69 | ||||
Usinas Siderurgicas de Minas Gerais SA Usiminas | 30,700 | 67 | ||||
Intelbras SA Industria de Telecomunicacao Eletronica Brasileira | 15,600 | 67 | ||||
* | Anima Holding SA | 62,413 | 64 | |||
* | Log-in Logistica Intermodal SA | 8,300 | 63 | |||
Grupo SBF SA | 22,200 | 55 | ||||
Minerva SA | 39,707 | 54 | ||||
Movida Participacoes SA | 30,400 | 52 | ||||
Pet Center Comercio e Participacoes SA | 62,300 | 52 | ||||
BrasilAgro - Co. Brasileira de Propriedades Agricolas | 10,900 | 52 | ||||
Ez Tec Empreendimentos e Participacoes SA | 14,200 | 48 | ||||
Lojas Quero-Quero SA | 46,056 | 48 | ||||
Tupy SA | 8,800 | 45 | ||||
2 | LWSA SA | 38,900 | 44 | |||
Iochpe Maxion SA | 16,900 | 43 | ||||
* | CVC Brasil Operadora e Agencia de Viagens SA | 63,210 | 43 |
Shares | Market Value• ($000) | |||||
* | CM Hospitalar SA | 23,000 | 39 | |||
* | Zamp SA | 45,406 | 38 | |||
* | Guararapes Confeccoes SA | 26,100 | 32 | |||
Armac Locacao Logistica E Servicos SA | 12,400 | 32 | ||||
* | Empreendimentos Pague Menos SA | 47,279 | 28 | |||
Hospital Mater Dei SA | 21,700 | 28 | ||||
Bradespar SA | 6,300 | 26 | ||||
Ambipar Participacoes e Empreendimentos SA | 7,800 | 23 | ||||
Blau Farmaceutica SA | 9,300 | 23 | ||||
* | Cia Brasileira de Distribuicao | 22,800 | 18 | |||
Cia Brasileira de Aluminio | 21,069 | 17 | ||||
* | Grupo Casas Bahia SA | 9,448 | 17 | |||
Qualicorp Consultoria e Corretora de Seguros SA | 24,900 | 12 | ||||
32,533 | ||||||
Canada (6.4%) | ||||||
Royal Bank of Canada | 229,978 | 22,334 | ||||
Toronto-Dominion Bank | 302,122 | 18,141 | ||||
* | Shopify Inc. Class A (XNYS) | 185,484 | 14,172 | |||
Canadian Pacific Kansas City Ltd. | 154,063 | 13,081 | ||||
Canadian National Railway Co. | 96,518 | 12,515 | ||||
Bank of Montreal | 117,029 | 10,593 | ||||
Bank of Nova Scotia | 198,522 | 9,627 | ||||
Manulife Financial Corp. | 304,644 | 7,230 | ||||
Waste Connections Inc. | 42,932 | 7,144 | ||||
Canadian Imperial Bank of Commerce | 149,678 | 7,083 | ||||
Sun Life Financial Inc. | 95,497 | 5,072 | ||||
Intact Financial Corp. | 28,906 | 4,807 | ||||
Nutrien Ltd. | 82,519 | 4,307 | ||||
National Bank of Canada | 54,636 | 4,265 | ||||
Thomson Reuters Corp. | 25,898 | 4,088 | ||||
Restaurant Brands International Inc. | 51,713 | 4,015 | ||||
* | CGI Inc. | 34,764 | 3,991 | |||
Fairfax Financial Holdings Ltd. | 3,559 | 3,799 | ||||
Agnico Eagle Mines Ltd. | 76,739 | 3,680 | ||||
Dollarama Inc. | 45,234 | 3,499 | ||||
Franco-Nevada Corp. | 32,036 | 3,354 | ||||
Wheaton Precious Metals Corp. | 76,129 | 3,137 | ||||
Loblaw Cos. Ltd. | 25,221 | 2,688 | ||||
Magna International Inc. | 45,008 | 2,480 | ||||
RB Global Inc. | 30,440 | 2,297 | ||||
Power Corp. of Canada | 77,620 | 2,243 |
Shares | Market Value• ($000) | |||||
TFI International Inc. | 13,674 | 2,020 | ||||
Metro Inc. Class A | 36,066 | 1,953 | ||||
BCE Inc. | 47,600 | 1,766 | ||||
Open Text Corp. | 45,351 | 1,744 | ||||
2 | Hydro One Ltd. | 52,362 | 1,561 | |||
George Weston Ltd. | 11,427 | 1,497 | ||||
Toromont Industries Ltd. | 14,677 | 1,348 | ||||
* | Descartes Systems Group Inc. | 14,724 | 1,276 | |||
TELUS Corp. | 73,132 | 1,276 | ||||
1 | Great-West Lifeco Inc. | 39,375 | 1,213 | |||
Element Fleet Management Corp. | 68,085 | 1,136 | ||||
FirstService Corp. | 6,809 | 1,121 | ||||
Canadian Apartment Properties REIT | 31,248 | 1,096 | ||||
West Fraser Timber Co. Ltd. | 13,444 | 1,082 | ||||
TMX Group Ltd. | 41,228 | 1,081 | ||||
GFL Environmental Inc. (XTSE) | 29,733 | 1,072 | ||||
* | Ivanhoe Mines Ltd. Class A | 97,469 | 1,036 | |||
iA Financial Corp. Inc. | 16,686 | 1,035 | ||||
Kinross Gold Corp. | 209,052 | 1,023 | ||||
Gildan Activewear Inc. | 29,318 | 1,021 | ||||
First Quantum Minerals Ltd. | 104,390 | 988 | ||||
Lundin Mining Corp. | 118,066 | 933 | ||||
Saputo Inc. | 42,479 | 864 | ||||
RioCan REIT | 61,861 | 815 | ||||
Alamos Gold Inc. Class A | 68,866 | 812 | ||||
* | Celestica Inc. | 18,947 | 805 | |||
Onex Corp. | 10,341 | 770 | ||||
Boyd Group Services Inc. | 3,247 | 762 | ||||
Finning International Inc. | 25,438 | 667 | ||||
Brookfield Infrastructure Corp. Class A | 19,829 | 658 | ||||
Granite REIT | 11,551 | 613 | ||||
Colliers International Group Inc. | 5,086 | 592 | ||||
Choice Properties REIT | 59,480 | 587 | ||||
First Capital REIT | 50,437 | 578 | ||||
* | Kinaxis Inc. | 4,944 | 513 | |||
* | Bausch Health Cos. Inc. | 53,296 | 502 | |||
B2Gold Corp. | 207,995 | 501 | ||||
Stella-Jones Inc. | 8,758 | 492 | ||||
Boardwalk REIT | 8,658 | 485 | ||||
Methanex Corp. | 10,817 | 484 | ||||
SmartCentres REIT | 28,006 | 479 | ||||
Tricon Residential Inc. | 39,840 | 443 | ||||
Chartwell Retirement Residences | 49,153 | 440 | ||||
Primo Water Corp. | 26,586 | 432 |
Shares | Market Value• ($000) | |||||
* | Shopify Inc. Class A (XTSE) | 5,655 | 432 | |||
* | Air Canada | 32,034 | 428 | |||
Premium Brands Holdings Corp. Class A | 6,449 | 426 | ||||
Canadian Western Bank | 19,011 | 406 | ||||
Definity Financial Corp. | 11,922 | 403 | ||||
H&R REIT | 61,312 | 402 | ||||
BRP Inc. | 6,047 | 399 | ||||
Osisko Gold Royalties Ltd. (XTSE) | 25,999 | 380 | ||||
* | Aritzia Inc. | 13,983 | 370 | |||
* | Capstone Copper Corp. | 70,152 | 368 | |||
CI Financial Corp. | 29,468 | 367 | ||||
Dream Industrial REIT | 34,854 | 326 | ||||
IGM Financial Inc. | 12,059 | 317 | ||||
Linamar Corp. | 6,420 | 314 | ||||
* | Eldorado Gold Corp. | 29,114 | 303 | |||
* | Lightspeed Commerce Inc. | 21,578 | 303 | |||
2 | Nuvei Corp. | 10,326 | 273 | |||
Boralex Inc. Class A | 12,352 | 272 | ||||
Russel Metals Inc. | 7,942 | 260 | ||||
Hudbay Minerals Inc. | 43,653 | 257 | ||||
* | BlackBerry Ltd. | 90,195 | 253 | |||
Quebecor Inc. Class B | 10,686 | 250 | ||||
North West Co. Inc. | 7,625 | 226 | ||||
* | IAMGOLD Corp. | 85,888 | 224 | |||
Allied Properties REIT | 17,441 | 218 | ||||
Lundin Gold Inc. | 18,428 | 215 | ||||
Primaris REIT | 20,999 | 209 | ||||
First Majestic Silver Corp. | 42,517 | 191 | ||||
GFL Environmental Inc. | 5,306 | 191 | ||||
Innergex Renewable Energy Inc. | 29,970 | 187 | ||||
OceanaGold Corp. | 110,605 | 183 | ||||
Maple Leaf Foods Inc. | 10,553 | 180 | ||||
Laurentian Bank of Canada | 9,099 | 177 | ||||
Centerra Gold Inc. | 34,244 | 172 | ||||
* | Equinox Gold Corp. | 41,311 | 168 | |||
Enghouse Systems Ltd. | 6,219 | 163 | ||||
SSR Mining Inc. | 37,039 | 159 | ||||
Cascades Inc. | 20,374 | 158 | ||||
Superior Plus Corp. | 22,502 | 158 | ||||
Cargojet Inc. | 1,887 | 154 | ||||
* | Torex Gold Resources Inc. | 13,218 | 138 | |||
* | Ballard Power Systems Inc. | 36,402 | 115 | |||
Mullen Group Ltd. | 9,776 | 108 | ||||
* | Canada Goose Holdings Inc. | 7,896 | 108 | |||
Westshore Terminals Investment Corp. | 5,700 | 107 |
Shares | Market Value• ($000) | |||||
* | Novagold Resources Inc. | 41,492 | 102 | |||
NorthWest Healthcare Properties REIT | 34,462 | 101 | ||||
Transcontinental Inc. Class A | 8,395 | 89 | ||||
* | Canfor Corp. | 7,130 | 87 | |||
Winpak Ltd. | 2,778 | 82 | ||||
* | Lithium Americas Corp. | 14,889 | 82 | |||
* | Lithium Americas Corp. (XTSE) | 14,889 | 73 | |||
Dye & Durham Ltd. | 7,150 | 69 | ||||
Osisko Gold Royalties Ltd. | 2,950 | 43 | ||||
Cogeco Communications Inc. | 300 | 13 | ||||
First National Financial Corp. | 384 | 11 | ||||
233,384 | ||||||
Chile (0.1%) | ||||||
Banco de Chile | 7,050,726 | 818 | ||||
Banco Santander Chile | 9,674,923 | 470 | ||||
* | Latam Airlines Group SA | 27,325,281 | 344 | |||
Cencosud SA | 190,545 | 342 | ||||
* | Falabella SA | 124,894 | 317 | |||
Empresas CMPC SA | 177,691 | 315 | ||||
1 | Sociedad Quimica y Minera de Chile SA ADR | 5,781 | 287 | |||
Banco de Credito e Inversiones SA | 9,890 | 274 | ||||
Cia Sud Americana de Vapores SA | 2,906,540 | 203 | ||||
Parque Arauco SA | 127,417 | 203 | ||||
Banco Itau Chile SA | 13,395 | 132 | ||||
SMU SA | 775,148 | 131 | ||||
Aguas Andinas SA Class A | 389,042 | 114 | ||||
Cencosud Shopping SA | 66,503 | 109 | ||||
CAP SA | 15,639 | 107 | ||||
Inversiones Aguas Metropolitanas SA | 122,847 | 92 | ||||
Inversiones La Construccion SA | 10,211 | 88 | ||||
SONDA SA | 206,981 | 85 | ||||
Empresa Nacional de Telecomunicaciones SA | 25,073 | 82 | ||||
Sociedad de Inversiones Oro Blanco SA | 7,537,247 | 54 | ||||
* | Plaza SA | 27,358 | 40 | |||
Ripley Corp. SA | 158,688 | 33 | ||||
4,640 | ||||||
China (6.3%) | ||||||
Alibaba Group Holding Ltd. | 2,822,200 | 25,946 | ||||
* | PDD Holdings Inc. ADR | 100,387 | 12,502 |
Shares | Market Value• ($000) | |||||
China Construction Bank Corp. Class H | 15,590,000 | 9,668 | ||||
*,2 | Meituan Class B | 888,955 | 9,025 | |||
Industrial & Commercial Bank of China Ltd. Class H | 13,319,000 | 6,827 | ||||
NetEase Inc. | 299,815 | 6,513 | ||||
Bank of China Ltd. Class H | 12,127,000 | 4,757 | ||||
Ping An Insurance Group Co. of China Ltd. Class H | 1,005,000 | 4,469 | ||||
JD.com Inc. Class A | 392,203 | 4,426 | ||||
*,2 | Xiaomi Corp. Class B | 2,449,400 | 4,116 | |||
* | Li Auto Inc. Class A | 178,436 | 4,072 | |||
* | Trip.com Group Ltd. | 88,648 | 4,024 | |||
Yum China Holdings Inc. (XHKG) | 64,950 | 2,819 | ||||
China Merchants Bank Co. Ltd. Class H | 687,000 | 2,657 | ||||
*,2 | Kuaishou Technology | 437,600 | 2,471 | |||
* | New Oriental Education & Technology Group Inc. | 251,290 | 2,362 | |||
ANTA Sports Products Ltd. | 211,800 | 2,065 | ||||
2 | Nongfu Spring Co. Ltd. Class H | 296,400 | 1,676 | |||
Agricultural Bank of China Ltd. Class H | 3,958,000 | 1,624 | ||||
PICC Property & Casualty Co. Ltd. Class H | 1,140,000 | 1,559 | ||||
China Life Insurance Co. Ltd. Class H | 1,260,000 | 1,544 | ||||
KE Holdings Inc. ADR | 107,207 | 1,457 | ||||
*,2 | Wuxi Biologics Cayman Inc. | 594,737 | 1,409 | |||
China Resources Land Ltd. | 456,000 | 1,393 | ||||
* | BeiGene Ltd. | 107,000 | 1,378 | |||
China Mengniu Dairy Co. Ltd. | 532,120 | 1,330 | ||||
H World Group Ltd. ADR | 35,743 | 1,307 | ||||
*,2 | Innovent Biologics Inc. | 242,000 | 1,305 | |||
* | NIO Inc. Class A | 204,235 | 1,169 | |||
Contemporary Amperex Technology Co. Ltd. Class A | 50,263 | 1,139 | ||||
CSPC Pharmaceutical Group Ltd. | 1,449,280 | 1,129 | ||||
* | TAL Education Group ADR | 74,041 | 1,091 | |||
* | Vipshop Holdings Ltd. ADR | 56,424 | 1,086 | |||
ENN Energy Holdings Ltd. | 130,800 | 1,062 |
Shares | Market Value• ($000) | |||||
Agricultural Bank of China Ltd. Class A | 1,825,100 | 1,062 | ||||
Shenzhou International Group Holdings Ltd. | 127,184 | 1,043 | ||||
Geely Automobile Holdings Ltd. | 941,900 | 1,025 | ||||
2 | China Tower Corp. Ltd. Class H | 8,188,000 | 992 | |||
China Overseas Land & Investment Ltd. | 661,500 | 977 | ||||
2 | Postal Savings Bank of China Co. Ltd. Class H | 1,848,000 | 971 | |||
China Yangtze Power Co. Ltd. Class A | 274,300 | 955 | ||||
Li Ning Co. Ltd. | 379,678 | 939 | ||||
Ping An Insurance Group Co. of China Ltd. Class A | 157,100 | 934 | ||||
Bank of China Ltd. Class A | 1,384,700 | 860 | ||||
* | XPeng Inc. Class A | 183,300 | 858 | |||
China Merchants Bank Co. Ltd. Class A | 190,000 | 843 | ||||
Kanzhun Ltd. ADR | 53,114 | 831 | ||||
* | Full Truck Alliance Co. Ltd. ADR | 111,043 | 733 | |||
CITIC Securities Co. Ltd. Class H | 395,537 | 731 | ||||
Haier Smart Home Co. Ltd. Class H | 240,200 | 727 | ||||
Haier Smart Home Co. Ltd. Class A | 213,200 | 711 | ||||
Sunny Optical Technology Group Co. Ltd. | 109,600 | 705 | ||||
Bank of Communications Co. Ltd. Class H | 1,074,000 | 704 | ||||
China Pacific Insurance Group Co. Ltd. Class H | 371,400 | 704 | ||||
Sino Biopharmaceutical Ltd. | 1,748,000 | 695 | ||||
*,2 | JD Health International Inc. | 172,850 | 652 | |||
COSCO SHIPPING Holdings Co. Ltd. Class H | 584,400 | 629 | ||||
China CITIC Bank Corp. Ltd. Class H | 1,147,000 | 610 | ||||
Sinopharm Group Co. Ltd. Class H | 217,700 | 609 | ||||
Weichai Power Co. Ltd. Class H | 281,000 | 553 | ||||
Industrial & Commercial Bank of China Ltd. Class A | 742,400 | 550 | ||||
Yangzijiang Shipbuilding Holdings Ltd. | 421,100 | 549 |
Shares | Market Value• ($000) | |||||
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. Class A | 13,482 | 540 | ||||
People's Insurance Co. Group of China Ltd. Class H | 1,584,000 | 528 | ||||
* | Tongcheng Travel Holdings Ltd. | 207,200 | 521 | |||
Industrial Bank Co. Ltd. Class A | 216,800 | 501 | ||||
Bank of Communications Co. Ltd. Class A | 568,600 | 495 | ||||
China Gas Holdings Ltd. | 526,233 | 482 | ||||
*,2 | Akeso Inc. | 80,000 | 480 | |||
GCL Technology Holdings Ltd. | 3,427,000 | 477 | ||||
2 | Fuyao Glass Industry Group Co. Ltd. Class H | 94,800 | 475 | |||
China Resources Gas Group Ltd. | 157,200 | 474 | ||||
* | Kingdee International Software Group Co. Ltd. | 439,000 | 472 | |||
Xinyi Solar Holdings Ltd. | 730,000 | 442 | ||||
China Pacific Insurance Group Co. Ltd. Class A | 119,000 | 422 | ||||
Kingsoft Corp. Ltd. | 148,400 | 412 | ||||
2 | Longfor Group Holdings Ltd. | 328,800 | 412 | |||
* | Alibaba Health Information Technology Ltd. | 944,000 | 412 | |||
Jiangsu Hengrui Pharmaceuticals Co. Ltd. Class A | 69,300 | 410 | ||||
Hengan International Group Co. Ltd. | 131,500 | 405 | ||||
* | Bilibili Inc. | 39,683 | 385 | |||
Tingyi Cayman Islands Holding Corp. | 344,000 | 383 | ||||
China Medical System Holdings Ltd. | 233,000 | 383 | ||||
Foxconn Industrial Internet Co. Ltd. Class A | 143,900 | 374 | ||||
Wanhua Chemical Group Co. Ltd. Class A | 33,372 | 368 | ||||
China Tourism Group Duty Free Corp. Ltd. Class A | 30,020 | 362 | ||||
CITIC Securities Co. Ltd. Class A | 121,645 | 360 | ||||
ZTE Corp. Class H | 159,200 | 359 | ||||
Weichai Power Co. Ltd. Class A | 149,000 | 350 | ||||
CRRC Corp. Ltd. Class A | 395,300 | 350 |
Shares | Market Value• ($000) | |||||
New China Life Insurance Co. Ltd. Class H | 179,700 | 345 | ||||
China Minsheng Banking Corp. Ltd. Class H | 977,000 | 344 | ||||
2 | China International Capital Corp. Ltd. Class H | 274,800 | 344 | |||
Great Wall Motor Co. Ltd. Class H | 295,500 | 334 | ||||
* | Zai Lab Ltd. | 155,370 | 332 | |||
CMOC Group Ltd. Class A | 385,700 | 329 | ||||
China Galaxy Securities Co. Ltd. Class H | 619,000 | 325 | ||||
China Hongqiao Group Ltd. | 416,500 | 322 | ||||
* | Genscript Biotech Corp. | 158,000 | 319 | |||
2 | WuXi AppTec Co. Ltd. Class H | 51,636 | 318 | |||
China National Building Material Co. Ltd. Class H | 840,000 | 316 | ||||
China Everbright Bank Co. Ltd. Class H | 1,004,000 | 314 | ||||
2 | China Feihe Ltd. | 631,000 | 314 | |||
Muyuan Foods Co. Ltd. Class A | 58,212 | 311 | ||||
China Railway Group Ltd. Class H | 628,000 | 306 | ||||
Zhejiang Expressway Co. Ltd. Class H | 398,560 | 304 | ||||
Haitong Securities Co. Ltd. Class H | 613,200 | 304 | ||||
Foshan Haitian Flavouring & Food Co. Ltd. Class A | 53,760 | 303 | ||||
Luxshare Precision Industry Co. Ltd. Class A | 78,199 | 300 | ||||
2 | Topsports International Holdings Ltd. | 440,000 | 298 | |||
Shanghai Pudong Development Bank Co. Ltd. Class A | 295,300 | 293 | ||||
2 | Pop Mart International Group Ltd. | 116,600 | 291 | |||
Ping An Bank Co. Ltd. Class A | 196,800 | 289 | ||||
2 | Yadea Group Holdings Ltd. | 184,000 | 289 | |||
*,2 | SenseTime Group Inc. Class B | 2,524,000 | 289 | |||
Zhuzhou CRRC Times Electric Co. Ltd. Class H | 98,200 | 288 | ||||
Kingboard Holdings Ltd. | 144,000 | 282 |
Shares | Market Value• ($000) | |||||
Great Wall Motor Co. Ltd. Class A | 86,800 | 282 | ||||
*,2 | JD Logistics Inc. | 285,400 | 282 | |||
2 | China Resources Mixc Lifestyle Services Ltd. | 93,200 | 281 | |||
Fuyao Glass Industry Group Co. Ltd. Class A | 46,000 | 277 | ||||
2 | Huatai Securities Co. Ltd. Class H | 232,400 | 274 | |||
Bosideng International Holdings Ltd. | 544,000 | 274 | ||||
2 | Guotai Junan Securities Co. Ltd. Class H | 237,200 | 273 | |||
SF Holding Co. Ltd. Class A | 51,100 | 271 | ||||
2 | Hansoh Pharmaceutical Group Co. Ltd. | 154,000 | 271 | |||
1 | China Conch Venture Holdings Ltd. | 269,500 | 270 | |||
Sinotruk Hong Kong Ltd. | 101,500 | 269 | ||||
China Minsheng Banking Corp. Ltd. Class A | 477,700 | 268 | ||||
Country Garden Services Holdings Co. Ltd. | 347,646 | 265 | ||||
WuXi AppTec Co. Ltd. Class A | 35,164 | 265 | ||||
China Vanke Co. Ltd. Class H | 341,200 | 263 | ||||
MINISO Group Holding Ltd. ADR | 14,238 | 261 | ||||
China Taiping Insurance Holdings Co. Ltd. | 296,600 | 258 | ||||
Shandong Weigao Group Medical Polymer Co. Ltd. Class H | 395,200 | 258 | ||||
Far East Horizon Ltd. | 316,000 | 254 | ||||
Jiangxi Copper Co. Ltd. Class H | 168,000 | 249 | ||||
Autohome Inc. ADR | 9,561 | 248 | ||||
2 | CSC Financial Co. Ltd. Class H | 308,500 | 248 | |||
LONGi Green Energy Technology Co. Ltd. Class A | 83,932 | 248 | ||||
Zoomlion Heavy Industry Science & Technology Co. Ltd. Class H | 380,600 | 246 | ||||
* | HUTCHMED China Ltd. | 77,500 | 239 | |||
Inner Mongolia Yili Industrial Group Co. Ltd. Class A | 60,600 | 238 | ||||
Shenzhen Inovance Technology Co. Ltd. Class A | 27,000 | 237 |
Shares | Market Value• ($000) | |||||
NAURA Technology Group Co. Ltd. Class A | 6,006 | 237 | ||||
CRRC Corp. Ltd. Class H | 459,000 | 236 | ||||
China CITIC Bank Corp. Ltd. Class A | 264,700 | 236 | ||||
GF Securities Co. Ltd. Class A | 118,500 | 233 | ||||
Haitian International Holdings Ltd. | 90,000 | 228 | ||||
BOE Technology Group Co. Ltd. Class A | 405,200 | 225 | ||||
2 | Hygeia Healthcare Holdings Co. Ltd. | 59,745 | 224 | |||
2 | Ganfeng Lithium Group Co. Ltd. Class H | 65,400 | 217 | |||
Shanghai Pharmaceuticals Holding Co. Ltd. Class H | 134,500 | 216 | ||||
China Traditional Chinese Medicine Holdings Co. Ltd. | 390,000 | 215 | ||||
China Railway Group Ltd. Class A | 242,300 | 214 | ||||
Chongqing Zhifei Biological Products Co. Ltd. Class A | 28,600 | 212 | ||||
China Cinda Asset Management Co. Ltd. Class H | 2,192,000 | 210 | ||||
2 | China Resources Pharmaceutical Group Ltd. | 311,000 | 210 | |||
Beijing Enterprises Water Group Ltd. | 878,000 | 206 | ||||
China United Network Communications Ltd. Class A | 307,500 | 205 | ||||
*,2 | East Buy Holding Ltd. | 66,500 | 205 | |||
SAIC Motor Corp. Ltd. Class A | 97,700 | 203 | ||||
Shenzhen Transsion Holdings Co. Ltd. Class A | 9,180 | 203 | ||||
1 | China Everbright Environment Group Ltd. | 544,000 | 202 | |||
CMOC Group Ltd. Class H | 327,000 | 202 | ||||
Aier Eye Hospital Group Co. Ltd. Class A | 99,448 | 202 | ||||
Shenzhen International Holdings Ltd. | 238,500 | 201 | ||||
2 | 3SBio Inc. | 302,500 | 200 | |||
*,2 | Hua Hong Semiconductor Ltd. | 91,757 | 197 |
Shares | Market Value• ($000) | |||||
Hisense Home Appliances Group Co. Ltd. Class H | 62,000 | 196 | ||||
Sungrow Power Supply Co. Ltd. Class A | 16,218 | 196 | ||||
* | Gaotu Techedu Inc. ADR | 25,119 | 196 | |||
*,2 | ZhongAn Online P&C Insurance Co. Ltd. Class H | 124,000 | 195 | |||
JOYY Inc. ADR | 6,177 | 195 | ||||
TravelSky Technology Ltd. Class H | 162,000 | 194 | ||||
Beijing Kingsoft Office Software Inc. Class A | 5,137 | 194 | ||||
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. Class A | 6,200 | 192 | ||||
Yuexiu Property Co. Ltd. | 288,280 | 192 | ||||
Shandong Gold Mining Co. Ltd. Class A | 62,660 | 188 | ||||
Chongqing Changan Automobile Co. Ltd. Class A | 89,718 | 185 | ||||
Minth Group Ltd. | 108,000 | 184 | ||||
Haitong Securities Co. Ltd. Class A | 143,700 | 182 | ||||
C&D International Investment Group Ltd. | 112,000 | 182 | ||||
COSCO SHIPPING Holdings Co. Ltd. Class A | 124,180 | 181 | ||||
Zhaojin Mining Industry Co. Ltd. Class H | 171,000 | 177 | ||||
*,1 | Country Garden Holdings Co. Ltd. | 2,160,000 | 176 | |||
JinkoSolar Holding Co. Ltd. ADR | 6,437 | 174 | ||||
Tongwei Co. Ltd. Class A | 47,208 | 174 | ||||
COSCO SHIPPING Ports Ltd. | 290,000 | 173 | ||||
Iflytek Co. Ltd. Class A | 25,100 | 173 | ||||
China Overseas Property Holdings Ltd. | 205,000 | 172 | ||||
Jiangsu Expressway Co. Ltd. Class H | 166,000 | 171 | ||||
*,1 | Canadian Solar Inc. | 7,929 | 167 | |||
Hello Group Inc. ADR | 25,303 | 167 | ||||
Poly Developments & Holdings Group Co. Ltd. Class A | 122,600 | 166 | ||||
* | China Ruyi Holdings Ltd. | 844,000 | 166 | |||
* | China Southern Airlines Co. Ltd. Class A | 197,500 | 162 | |||
China Communications Services Corp. Ltd. Class H | 380,000 | 161 | ||||
Dongyue Group Ltd. | 180,000 | 161 |
Shares | Market Value• ($000) | |||||
FinVolution Group ADR | 30,723 | 161 | ||||
* | Air China Ltd. Class A | 154,300 | 160 | |||
Sany Heavy Industry Co. Ltd. Class A | 82,400 | 159 | ||||
Guangzhou Automobile Group Co. Ltd. Class H | 364,000 | 158 | ||||
1 | Greentown China Holdings Ltd. | 195,500 | 156 | |||
Shanghai Fosun Pharmaceutical Group Co. Ltd. Class H | 86,000 | 155 | ||||
China Vanke Co. Ltd. Class A | 110,700 | 154 | ||||
Fufeng Group Ltd. | 250,000 | 153 | ||||
Huatai Securities Co. Ltd. Class A | 74,500 | 150 | ||||
Fu Shou Yuan International Group Ltd. | 228,000 | 149 | ||||
Chongqing Changan Automobile Co. Ltd. Class B | 275,392 | 148 | ||||
*,1 | Microport Scientific Corp. | 151,300 | 148 | |||
China Nonferrous Mining Corp. Ltd. | 213,000 | 148 | ||||
*,2 | New Horizon Health Ltd. | 56,500 | 147 | |||
*,1,2 | Ping An Healthcare & Technology Co. Ltd. | 94,630 | 146 | |||
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Class H | 56,000 | 146 | ||||
Bank of Shanghai Co. Ltd. Class A | 158,000 | 143 | ||||
Grand Pharmaceutical Group Ltd. | 311,500 | 142 | ||||
Advanced Micro-Fabrication Equipment Inc. China Class A | 6,958 | 142 | ||||
China Three Gorges Renewables Group Co. Ltd. Class A | 221,800 | 142 | ||||
Huaxia Bank Co. Ltd. Class A | 160,400 | 141 | ||||
Bank of Beijing Co. Ltd. Class A | 196,100 | 141 | ||||
Chongqing Rural Commercial Bank Co. Ltd. Class H | 343,000 | 138 | ||||
Postal Savings Bank of China Co. Ltd. Class A | 203,500 | 137 | ||||
*,2 | Luye Pharma Group Ltd. | 369,500 | 136 | |||
Shanghai Fosun Pharmaceutical Group Co. Ltd. Class A | 39,300 | 134 |
Shares | Market Value• ($000) | |||||
*,1 | GDS Holdings Ltd. Class A | 158,341 | 134 | |||
Focus Media Information Technology Co. Ltd. Class A | 151,700 | 133 | ||||
China Merchants Securities Co. Ltd. Class A | 66,620 | 131 | ||||
* | Qinghai Salt Lake Industry Co. Ltd. Class A | 57,500 | 129 | |||
Hangzhou Steam Turbine Power Group Co. Ltd. Class B | 143,237 | 128 | ||||
China Merchants Shekou Industrial Zone Holdings Co. Ltd. Class A | 93,000 | 122 | ||||
Hangzhou Tigermed Consulting Co. Ltd. Class A | 19,400 | 121 | ||||
GF Securities Co. Ltd. Class H | 111,400 | 120 | ||||
Consun Pharmaceutical Group Ltd. | 166,000 | 120 | ||||
Will Semiconductor Co. Ltd. Shanghai Class A | 9,045 | 120 | ||||
* | Fenbi Ltd. | 191,500 | 120 | |||
SSY Group Ltd. | 212,000 | 119 | ||||
Shenwan Hongyuan Group Co. Ltd. Class A | 186,400 | 119 | ||||
Tianqi Lithium Corp. Class A | 15,916 | 118 | ||||
2 | BAIC Motor Corp. Ltd. Class H | 392,500 | 117 | |||
Xtep International Holdings Ltd. | 212,000 | 117 | ||||
China Suntien Green Energy Corp. Ltd. Class H | 308,000 | 117 | ||||
Eve Energy Co. Ltd. Class A | 21,800 | 116 | ||||
Henan Shuanghui Investment & Development Co. Ltd. Class A | 28,500 | 116 | ||||
Guangzhou Automobile Group Co. Ltd. Class A | 93,700 | 116 | ||||
Flat Glass Group Co. Ltd. Class A | 38,300 | 116 | ||||
* | Alibaba Pictures Group Ltd. | 2,010,000 | 115 | |||
China Construction Bank Corp. Class A | 118,300 | 115 | ||||
*,2 | Bairong Inc. Class B | 68,000 | 115 | |||
Sinopec Engineering Group Co. Ltd. Class H | 208,500 | 114 | ||||
Jiangsu Expressway Co. Ltd. Class A | 68,400 | 114 |
Shares | Market Value• ($000) | |||||
Tianqi Lithium Corp. Class H | 22,400 | 114 | ||||
* | Nine Dragons Paper Holdings Ltd. | 245,000 | 113 | |||
Vinda International Holdings Ltd. | 38,000 | 113 | ||||
China Everbright Bank Co. Ltd. Class A | 253,300 | 113 | ||||
Bank of Nanjing Co. Ltd. Class A | 92,600 | 113 | ||||
* | TCL Technology Group Corp. Class A | 176,120 | 111 | |||
Gushengtang Holdings Ltd. | 20,300 | 111 | ||||
Canvest Environmental Protection Group Co. Ltd. | 210,000 | 110 | ||||
* | Lifetech Scientific Corp. | 432,000 | 110 | |||
* | Shanghai International Airport Co. Ltd. Class A | 22,376 | 109 | |||
Everbright Securities Co. Ltd. Class A | 46,500 | 109 | ||||
Jiangxi Copper Co. Ltd. Class A | 40,300 | 109 | ||||
Sany Heavy Equipment International Holdings Co. Ltd. | 140,000 | 108 | ||||
Yihai International Holding Ltd. | 77,000 | 108 | ||||
Shoucheng Holdings Ltd. | 559,600 | 108 | ||||
Yum China Holdings Inc. | 2,493 | 107 | ||||
Uni-President China Holdings Ltd. | 179,000 | 107 | ||||
1 | Flat Glass Group Co. Ltd. Class H | 58,000 | 107 | |||
2 | China Tourism Group Duty Free Corp. Ltd. Class H | 10,900 | 107 | |||
* | Seres Group Co. Ltd. Class A | 8,300 | 106 | |||
2 | Shandong Gold Mining Co. Ltd. Class H | 67,100 | 106 | |||
2 | Orient Securities Co. Ltd. Class H | 247,600 | 105 | |||
1,2 | Meitu Inc. | 317,000 | 104 | |||
Suzhou TFC Optical Communication Co. Ltd. Class A | 5,500 | 104 | ||||
*,2 | Keymed Biosciences Inc. | 24,000 | 104 | |||
Yangzijiang Financial Holding Ltd. | 389,200 | 100 | ||||
Kingboard Laminates Holdings Ltd. | 160,500 | 99 | ||||
China Water Affairs Group Ltd. | 144,000 | 99 | ||||
ZTE Corp. Class A | 23,900 | 99 |
Shares | Market Value• ($000) | |||||
Central China Securities Co. Ltd. Class H | 698,000 | 99 | ||||
Ganfeng Lithium Group Co. Ltd. Class A | 17,694 | 98 | ||||
JCET Group Co. Ltd. Class A | 26,900 | 98 | ||||
2 | Jiumaojiu International Holdings Ltd. | 141,000 | 98 | |||
1 | Tianneng Power International Ltd. | 108,000 | 97 | |||
Citic Pacific Special Steel Group Co. Ltd. Class A | 48,000 | 97 | ||||
* | Air China Ltd. Class H | 178,000 | 95 | |||
Sinotrans Ltd. Class A | 114,000 | 95 | ||||
JA Solar Technology Co. Ltd. Class A | 36,639 | 95 | ||||
*,2 | Weimob Inc. | 350,000 | 94 | |||
* | Huangshan Tourism Development Co. Ltd. Class B | 122,860 | 93 | |||
IEIT Systems Co. Ltd. Class A | 17,800 | 92 | ||||
Jiangsu Jiangyin Rural Commercial Bank Co. Ltd. Class A | 175,900 | 92 | ||||
Guangdong Haid Group Co. Ltd. Class A | 15,200 | 91 | ||||
* | China Eastern Airlines Corp. Ltd. Class A | 171,700 | 91 | |||
Pharmaron Beijing Co. Ltd. Class A | 28,020 | 91 | ||||
Montage Technology Co. Ltd. Class A | 12,362 | 90 | ||||
Lufax Holding Ltd. ADR | 28,973 | 90 | ||||
Anhui Expressway Co. Ltd. Class H | 80,000 | 89 | ||||
* | Unigroup Guoxin Microelectronics Co. Ltd. Class A | 8,959 | 89 | |||
*,2 | YiChang HEC ChangJiang Pharmaceutical Co. Ltd. Class H | 68,400 | 89 | |||
* | Guangshen Railway Co. Ltd. Class H | 426,000 | 88 | |||
China Jinmao Holdings Group Ltd. | 1,076,000 | 87 | ||||
*,2 | China CITIC Financial Asset Management Co. Ltd. Class H | 2,034,000 | 87 | |||
China Education Group Holdings Ltd. | 151,000 | 87 | ||||
Shanghai Pharmaceuticals Holding Co. Ltd. Class A | 34,600 | 87 |
Shares | Market Value• ($000) | |||||
Imeik Technology Development Co. Ltd. Class A | 1,900 | 86 | ||||
* | Xinte Energy Co. Ltd. Class H | 64,400 | 86 | |||
China BlueChemical Ltd. Class H | 280,000 | 84 | ||||
* | Beijing Capital International Airport Co. Ltd. Class H | 256,000 | 83 | |||
PAX Global Technology Ltd. | 107,000 | 83 | ||||
Huadong Medicine Co. Ltd. Class A | 17,700 | 83 | ||||
Hisense Home Appliances Group Co. Ltd. Class A | 20,000 | 83 | ||||
Shengyi Technology Co. Ltd. Class A | 34,700 | 83 | ||||
*,2 | Ascentage Pharma Group International | 25,200 | 83 | |||
Digital China Holdings Ltd. | 242,000 | 82 | ||||
TCL Zhonghuan Renewable Energy Technology Co. Ltd. Class A | 43,750 | 82 | ||||
GoerTek Inc. Class A | 35,400 | 82 | ||||
Huizhou Desay Sv Automotive Co. Ltd. Class A | 5,800 | 82 | ||||
Trina Solar Co. Ltd. Class A | 23,655 | 82 | ||||
2 | Legend Holdings Corp. Class H | 95,500 | 80 | |||
CPMC Holdings Ltd. | 89,000 | 80 | ||||
WUS Printed Circuit Kunshan Co. Ltd. Class A | 21,840 | 80 | ||||
Yunnan Baiyao Group Co. Ltd. Class A | 11,500 | 80 | ||||
Huayu Automotive Systems Co. Ltd. Class A | 33,000 | 80 | ||||
Lens Technology Co. Ltd. Class A | 47,600 | 80 | ||||
2 | China New Higher Education Group Ltd. | 254,000 | 80 | |||
* | XD Inc. | 43,000 | 80 | |||
* | Hopson Development Holdings Ltd. | 167,721 | 80 | |||
* | Tuya Inc. ADR | 40,534 | 80 | |||
Skyworth Group Ltd. | 225,111 | 79 | ||||
Beijing Tongrentang Co. Ltd. Class A | 12,700 | 79 | ||||
*,2 | China Bohai Bank Co. Ltd. Class H | 561,500 | 79 |
Shares | Market Value• ($000) | |||||
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. Class A | 10,200 | 78 | ||||
* | EHang Holdings Ltd. ADR | 7,225 | 78 | |||
* | Shanghai Zhenhua Heavy Industries Co. Ltd. Class B | 373,500 | 77 | |||
Sinotrans Ltd. Class H | 181,000 | 77 | ||||
* | COFCO Joycome Foods Ltd. | 392,000 | 77 | |||
Towngas Smart Energy Co. Ltd. | 211,000 | 76 | ||||
*,2 | InnoCare Pharma Ltd. | 115,000 | 76 | |||
Sichuan Expressway Co. Ltd. Class H | 224,000 | 75 | ||||
Maxscend Microelectronics Co. Ltd. Class A | 5,040 | 75 | ||||
Noah Holdings Ltd. ADR | 6,639 | 74 | ||||
Zhejiang Jingsheng Mechanical & Electrical Co. Ltd. Class A | 14,400 | 74 | ||||
*,2 | Remegen Co. Ltd. Class H | 26,000 | 74 | |||
China Risun Group Ltd. | 189,000 | 74 | ||||
China Everbright Ltd. | 134,000 | 73 | ||||
*,2 | Jinxin Fertility Group Ltd. | 237,000 | 73 | |||
Yuexiu REIT | 541,206 | 72 | ||||
Zhejiang Juhua Co. Ltd. Class A | 25,400 | 72 | ||||
Sinoma International Engineering Co. Class A | 46,000 | 72 | ||||
JNBY Design Ltd. | 37,500 | 72 | ||||
Zhejiang NHU Co. Ltd. Class A | 28,256 | 71 | ||||
GigaDevice Semiconductor Inc. Class A | 7,000 | 71 | ||||
2 | Shenwan Hongyuan Group Co. Ltd. Class H | 394,400 | 71 | |||
First Tractor Co. Ltd. Class H | 90,000 | 70 | ||||
Changchun High & New Technology Industry Group Inc. Class A | 3,900 | 70 | ||||
Yonyou Network Technology Co. Ltd. Class A | 39,600 | 70 | ||||
2 | Genertec Universal Medical Group Co. Ltd. | 128,500 | 70 | |||
Lonking Holdings Ltd. | 408,000 | 69 | ||||
* | Zhongyu Energy Holdings Ltd. | 109,000 | 69 |
Shares | Market Value• ($000) | |||||
2 | China Railway Signal & Communication Corp. Ltd. Class H | 192,000 | 69 | |||
Yuexiu Transport Infrastructure Ltd. | 120,000 | 68 | ||||
Yintai Gold Co. Ltd. Class A | 32,800 | 68 | ||||
CSC Financial Co. Ltd. Class A | 20,900 | 68 | ||||
Hundsun Technologies Inc. Class A | 20,080 | 68 | ||||
Concord New Energy Group Ltd. | 820,000 | 68 | ||||
China Resources Medical Holdings Co. Ltd. | 124,500 | 68 | ||||
Jiangsu Zhongtian Technology Co. Ltd. Class A | 37,400 | 68 | ||||
Guotai Junan Securities Co. Ltd. Class A | 32,400 | 68 | ||||
Poly Property Services Co. Ltd. Class H | 19,000 | 68 | ||||
Yihai Kerry Arawana Holdings Co. Ltd. Class A | 15,200 | 68 | ||||
2 | China Merchants Securities Co. Ltd. Class H | 84,660 | 67 | |||
Eoptolink Technology Inc. Ltd. Class A | 7,980 | 67 | ||||
* | Wingtech Technology Co. Ltd. Class A | 12,600 | 67 | |||
*,2 | Alphamab Oncology | 105,000 | 67 | |||
* | Shanghai MicroPort MedBot Group Co. Ltd. | 35,500 | 66 | |||
China Lesso Group Holdings Ltd. | 136,000 | 65 | ||||
Chaozhou Three-Circle Group Co. Ltd. Class A | 18,400 | 65 | ||||
Zhejiang Huayou Cobalt Co. Ltd. Class A | 16,900 | 65 | ||||
*,2,3 | China Renaissance Holdings Ltd. | 70,200 | 65 | |||
* | China Eastern Airlines Corp. Ltd. Class H | 252,000 | 64 | |||
China Shineway Pharmaceutical Group Ltd. | 57,000 | 64 | ||||
2 | A-Living Smart City Services Co. Ltd. | 125,500 | 64 | |||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class A | 50,200 | 64 |
Shares | Market Value• ($000) | |||||
Sieyuan Electric Co. Ltd. Class A | 7,900 | 63 | ||||
Beijing New Building Materials plc Class A | 16,200 | 63 | ||||
Goldwind Science & Technology Co. Ltd. Class A | 59,100 | 63 | ||||
Shanghai Pudong Construction Co. Ltd. Class A | 74,100 | 63 | ||||
* | Seazen Group Ltd. | 444,567 | 63 | |||
Suzhou Dongshan Precision Manufacturing Co. Ltd. Class A | 30,200 | 63 | ||||
C&D Property Management Group Co. Ltd. | 151,000 | 63 | ||||
Shanghai Putailai New Energy Technology Co. Ltd. Class A | 23,600 | 62 | ||||
* | Wuxi Taiji Industry Co. Ltd. Class A | 70,900 | 62 | |||
2 | AsiaInfo Technologies Ltd. | 66,000 | 62 | |||
China Resources Microelectronics Ltd. Class A | 10,366 | 62 | ||||
China Resources Building Materials Technology Holdings Ltd. | 354,000 | 61 | ||||
Poly Property Group Co. Ltd. | 334,000 | 61 | ||||
Tong Ren Tang Technologies Co. Ltd. Class H | 93,000 | 61 | ||||
COSCO SHIPPING Development Co. Ltd. Class A | 177,900 | 61 | ||||
China Reinsurance Group Corp. Class H | 1,035,000 | 61 | ||||
Yunnan Aluminium Co. Ltd. Class A | 38,000 | 61 | ||||
Tongling Nonferrous Metals Group Co. Ltd. Class A | 132,700 | 60 | ||||
2 | Angelalign Technology Inc. | 7,200 | 60 | |||
China Oriental Group Co. Ltd. | 390,000 | 59 | ||||
LB Group Co. Ltd. Class A | 22,600 | 59 | ||||
Livzon Pharmaceutical Group Inc. Class H | 16,800 | 59 | ||||
Bethel Automotive Safety Systems Co. Ltd. Class A | 6,800 | 59 |
Shares | Market Value• ($000) | |||||
*,1 | Golden Solar New Energy Technology Holdings Ltd. | 122,000 | 59 | |||
China Jushi Co. Ltd. Class A | 41,444 | 58 | ||||
Orient Securities Co. Ltd. Class A | 47,532 | 58 | ||||
COFCO Capital Holdings Co. Ltd. Class A | 45,800 | 58 | ||||
Dong-E-E-Jiao Co. Ltd. Class A | 7,000 | 57 | ||||
China Galaxy Securities Co. Ltd. Class A | 33,800 | 57 | ||||
Guangdong Great River Smarter Logistics Co. Ltd. Class A | 24,500 | 57 | ||||
* | Zhejiang Century Huatong Group Co. Ltd. Class A | 83,400 | 57 | |||
Guangzhou Restaurant Group Co. Ltd. Class A | 22,000 | 56 | ||||
People.cn Co. Ltd. Class A | 15,200 | 56 | ||||
Lee & Man Paper Manufacturing Ltd. | 192,000 | 55 | ||||
NetDragon Websoft Holdings Ltd. | 38,500 | 55 | ||||
Changzhou Xingyu Automotive Lighting Systems Co. Ltd. Class A | 2,800 | 55 | ||||
Shijiazhuang Yiling Pharmaceutical Co. Ltd. Class A | 18,500 | 55 | ||||
Shandong Nanshan Aluminum Co. Ltd. Class A | 128,400 | 55 | ||||
*,2 | Haichang Ocean Park Holdings Ltd. | 573,000 | 55 | |||
China Yongda Automobiles Services Holdings Ltd. | 178,500 | 54 | ||||
Beibuwan Port Co. Ltd. Class A | 51,190 | 54 | ||||
Jiangxi Lianchuang Optoelectronic Science & Technology Co. Ltd. Class A | 13,200 | 54 | ||||
* | Yeahka Ltd. | 33,200 | 54 | |||
Shanghai Fudan Microelectronics Group Co. Ltd. Class A | 10,400 | 54 | ||||
China Foods Ltd. | 146,000 | 53 | ||||
China Greatwall Technology Group Co. Ltd. Class A | 36,500 | 53 | ||||
* | New Hope Liuhe Co. Ltd. Class A | 43,000 | 53 |
Shares | Market Value• ($000) | |||||
Guangzhou Tinci Materials Technology Co. Ltd. Class A | 18,600 | 53 | ||||
China National Chemical Engineering Co. Ltd. Class A | 54,400 | 53 | ||||
Shanghai Fudan Microelectronics Group Co. Ltd. Class H | 30,000 | 53 | ||||
*,2 | Peijia Medical Ltd. | 81,000 | 53 | |||
*,2 | Yidu Tech Inc. | 97,800 | 53 | |||
China International Marine Containers Group Co. Ltd. Class A | 41,450 | 52 | ||||
Universal Scientific Industrial Shanghai Co. Ltd. Class A | 26,100 | 52 | ||||
Western Region Gold Co. Ltd. Class A | 35,600 | 52 | ||||
Hangcha Group Co. Ltd. Class A | 12,600 | 52 | ||||
* | Kingsoft Cloud Holdings Ltd. | 263,310 | 52 | |||
Sun Art Retail Group Ltd. | 295,000 | 51 | ||||
China Lilang Ltd. | 95,000 | 51 | ||||
Shaanxi International Trust Co. Ltd. Class A | 118,700 | 51 | ||||
Bank of Chongqing Co. Ltd. Class H | 95,000 | 51 | ||||
*,2 | Shanghai Junshi Biosciences Co. Ltd. Class H | 32,400 | 51 | |||
* | Cambricon Technologies Corp. Ltd. Class A | 2,186 | 51 | |||
*,1 | China Southern Airlines Co. Ltd. Class H | 134,000 | 50 | |||
CSG Holding Co. Ltd. Class B | 161,300 | 50 | ||||
Shenzhen Kangtai Biological Products Co. Ltd. Class A | 15,000 | 50 | ||||
Humanwell Healthcare Group Co. Ltd. Class A | 16,500 | 50 | ||||
China International Marine Containers Group Co. Ltd. Class H | 64,650 | 49 | ||||
Chongqing Water Group Co. Ltd. Class A | 63,700 | 49 | ||||
Huagong Tech Co. Ltd. Class A | 11,200 | 49 | ||||
Shanghai Sinyang Semiconductor Materials Co. Ltd. Class A | 10,200 | 49 | ||||
SG Micro Corp. Class A | 5,000 | 49 | ||||
2 | Simcere Pharmaceutical Group Ltd. | 69,000 | 49 |
Shares | Market Value• ($000) | |||||
Wens Foodstuffs Group Co. Ltd. Class A | 18,000 | 48 | ||||
Industrial Securities Co. Ltd. Class A | 59,880 | 48 | ||||
2 | Red Star Macalline Group Corp. Ltd. Class H | 226,000 | 48 | |||
Haohua Chemical Science & Technology Co. Ltd. Class A | 10,200 | 48 | ||||
TCL Electronics Holdings Ltd. | 128,000 | 47 | ||||
37 Interactive Entertainment Network Technology Group Co. Ltd. Class A | 17,400 | 47 | ||||
LexinFintech Holdings Ltd. ADR | 25,621 | 47 | ||||
China Railway Signal & Communication Corp. Ltd. Class A | 68,875 | 47 | ||||
Bank of Chongqing Co. Ltd. Class A | 46,700 | 47 | ||||
China Overseas Grand Oceans Group Ltd. | 178,000 | 46 | ||||
Zhejiang Hailiang Co. Ltd. Class A | 35,700 | 46 | ||||
*,2 | Maoyan Entertainment | 42,000 | 46 | |||
* | Pangang Group Vanadium Titanium & Resources Co. Ltd. Class A | 103,900 | 46 | |||
Sihuan Pharmaceutical Holdings Group Ltd. | 623,000 | 45 | ||||
Livzon Pharmaceutical Group Inc. Class A | 8,500 | 45 | ||||
Lingyi iTech Guangdong Co. Class A | 58,900 | 45 | ||||
Ninestar Corp. Class A | 13,800 | 45 | ||||
2 | Everbright Securities Co. Ltd. Class H | 66,632 | 45 | |||
Guangzhou Kingmed Diagnostics Group Co. Ltd. Class A | 5,400 | 45 | ||||
Shanghai Jinqiao Export Processing Zone Development Co. Ltd. Class A | 26,300 | 45 | ||||
*,2 | CARsgen Therapeutics Holdings Ltd. | 53,500 | 45 | |||
Shanghai Zhangjiang High-Tech Park Development Co. Ltd. Class A | 15,700 | 44 | ||||
Xinyi Energy Holdings Ltd. | 316,800 | 44 | ||||
Ningbo Orient Wires & Cables Co. Ltd. Class A | 8,100 | 44 |
Shares | Market Value• ($000) | |||||
Tiangong International Co. Ltd. | 188,000 | 43 | ||||
Greentown Service Group Co. Ltd. | 120,000 | 43 | ||||
* | Unisplendour Corp. Ltd. Class A | 13,860 | 43 | |||
Walvax Biotechnology Co. Ltd. Class A | 17,000 | 43 | ||||
Xiamen C & D Inc. Class A | 29,900 | 43 | ||||
YGSOFT Inc. Class A | 55,440 | 43 | ||||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class B | 104,100 | 42 | ||||
Xingda International Holdings Ltd. | 228,360 | 42 | ||||
Shandong Sun Paper Industry JSC Ltd. Class A | 21,300 | 42 | ||||
Jointown Pharmaceutical Group Co. Ltd. Class A | 37,338 | 42 | ||||
DeHua TB New Decoration Materials Co. Ltd. Class A | 30,200 | 42 | ||||
* | Jinke Smart Services Group Co. Ltd. Class H | 35,700 | 42 | |||
2 | Blue Moon Group Holdings Ltd. | 170,500 | 42 | |||
*,2 | Mobvista Inc. | 101,000 | 42 | |||
*,2 | Ocumension Therapeutics | 63,500 | 42 | |||
CNGR Advanced Material Co. Ltd. Class A | 6,300 | 42 | ||||
Angang Steel Co. Ltd. Class A | 118,000 | 41 | ||||
BOE Varitronix Ltd. | 59,000 | 41 | ||||
Beijing Tiantan Biological Products Corp. Ltd. Class A | 10,300 | 41 | ||||
Grinm Advanced Materials Co. Ltd. Class A | 26,600 | 41 | ||||
Shui On Land Ltd. | 446,000 | 40 | ||||
China Modern Dairy Holdings Ltd. | 485,000 | 40 | ||||
GEM Co. Ltd. Class A | 53,900 | 40 | ||||
Guoyuan Securities Co. Ltd. Class A | 41,700 | 40 | ||||
Health & Happiness H&H International Holdings Ltd. | 26,500 | 40 | ||||
Caitong Securities Co. Ltd. Class A | 35,800 | 40 | ||||
2 | Zhou Hei Ya International Holdings Co. Ltd. | 171,000 | 40 |
Shares | Market Value• ($000) | |||||
2 | AK Medical Holdings Ltd. | 62,000 | 40 | |||
*,1 | China Conch Environment Protection Holdings Ltd. | 262,500 | 40 | |||
BOE Technology Group Co. Ltd. Class B | 122,100 | 39 | ||||
Tian Lun Gas Holdings Ltd. | 73,000 | 39 | ||||
Yantai Dongcheng Pharmaceutical Co. Ltd. Class A | 18,700 | 39 | ||||
* | China Railway Materials Co. Ltd. Class A | 102,600 | 39 | |||
Yunnan Yuntianhua Co. Ltd. Class A | 15,300 | 39 | ||||
* | Sohu.com Ltd. ADR | 4,291 | 38 | |||
Thunder Software Technology Co. Ltd. Class A | 4,500 | 38 | ||||
Shanghai International Port Group Co. Ltd. Class A | 50,500 | 38 | ||||
Bank of Changsha Co. Ltd. Class A | 34,700 | 38 | ||||
* | Hainan Airlines Holding Co. Ltd. Class A | 190,862 | 38 | |||
Ginlong Technologies Co. Ltd. Class A | 4,200 | 38 | ||||
Bloomage Biotechnology Corp. Ltd. Class A | 4,292 | 38 | ||||
AIMA Technology Group Co. Ltd. Class A | 8,250 | 38 | ||||
*,2 | Arrail Group Ltd. | 49,000 | 38 | |||
Guangdong Provincial Expressway Development Co. Ltd. Class B | 44,700 | 37 | ||||
Shenzhen Expressway Corp. Ltd. Class H | 42,000 | 37 | ||||
Lepu Medical Technology Beijing Co. Ltd. Class A | 17,800 | 37 | ||||
Perfect World Co. Ltd. Class A | 23,000 | 37 | ||||
Accelink Technologies Co. Ltd. Class A | 8,800 | 37 | ||||
CQ Pharmaceutical Holding Co. Ltd. Class A | 52,800 | 37 | ||||
*,2,3 | Venus MedTech Hangzhou Inc. Class H | 51,000 | 37 | |||
Shanghai Jinjiang International Hotels Co. Ltd. Class A | 9,200 | 37 |
Shares | Market Value• ($000) | |||||
Jiangsu Jiejie Microelectronics Co. Ltd. Class A | 18,800 | 37 | ||||
*,1 | Canaan Inc. ADR | 23,797 | 37 | |||
* | Xinxiang Chemical Fiber Co. Ltd. Class A | 98,200 | 37 | |||
Shanghai Moons' Electric Co. Ltd. Class A | 4,600 | 37 | ||||
Shenzhen Investment Ltd. | 266,000 | 36 | ||||
Shanghai Chlor-Alkali Chemical Co. Ltd. Class B | 74,700 | 36 | ||||
Beijing Dabeinong Technology Group Co. Ltd. Class A | 49,400 | 36 | ||||
Zhejiang Weixing New Building Materials Co. Ltd. Class A | 16,600 | 36 | ||||
HLA Group Corp. Ltd. Class A | 30,313 | 36 | ||||
MLS Co. Ltd. Class A | 34,200 | 36 | ||||
Chongqing Sanfeng Environment Group Corp. Ltd. Class A | 35,200 | 36 | ||||
Jiangxi Jovo Energy Co. Ltd. Class A | 9,000 | 36 | ||||
Changjiang Securities Co. Ltd. Class A | 45,300 | 35 | ||||
Hunan Valin Steel Co. Ltd. Class A | 44,700 | 35 | ||||
Foran Energy Group Co. Ltd. Class A | 20,600 | 35 | ||||
SooChow Securities Co. Ltd. Class A | 34,100 | 35 | ||||
Liaoning Port Co. Ltd. Class A | 169,500 | 35 | ||||
2 | Yangtze Optical Fibre & Cable Joint Stock Ltd. Co. Class H | 31,500 | 35 | |||
* | Seazen Holdings Co. Ltd. Class A | 24,500 | 35 | |||
Shenzhen Kaifa Technology Co. Ltd. Class A | 17,500 | 35 | ||||
Chongqing Zongshen Power Machinery Co. Ltd. Class A | 43,000 | 35 | ||||
Wellhope Foods Co. Ltd. Class A | 35,500 | 35 | ||||
Shenzhen Expressway Corp. Ltd. Class A | 27,700 | 35 | ||||
Shenyang Xingqi Pharmaceutical Co. Ltd. Class A | 1,680 | 35 | ||||
Pacific Shuanglin Bio-pharmacy Co. Ltd. Class A | 9,400 | 35 |
Shares | Market Value• ($000) | |||||
*,2 | Microport Cardioflow Medtech Corp. | 211,000 | 35 | |||
* | Guangzhou R&F Properties Co. Ltd. Class H | 264,800 | 34 | |||
Kingnet Network Co. Ltd. Class A | 19,700 | 34 | ||||
Hangzhou Robam Appliances Co. Ltd. Class A | 9,800 | 34 | ||||
* | OFILM Group Co. Ltd. Class A | 30,000 | 34 | |||
*,2,3 | Redco Properties Group Ltd. | 202,000 | 34 | |||
Xinhua Winshare Publishing & Media Co. Ltd. Class A | 18,200 | 34 | ||||
Sinotruk Jinan Truck Co. Ltd. Class A | 14,420 | 34 | ||||
Ming Yang Smart Energy Group Ltd. Class A | 23,800 | 34 | ||||
* | Beijing Bei Mo Gao Ke Friction Material Co. Ltd. Class A | 8,710 | 34 | |||
Amlogic Shanghai Co. Ltd. Class A | 4,360 | 34 | ||||
iRay Technology Co. Ltd. Class A | 978 | 34 | ||||
COSCO SHIPPING Development Co. Ltd. Class H | 320,000 | 33 | ||||
Sinofert Holdings Ltd. | 316,000 | 33 | ||||
* | China TransInfo Technology Co. Ltd. Class A | 22,600 | 33 | |||
Shenghe Resources Holding Co. Ltd. Class A | 26,300 | 33 | ||||
Xiamen ITG Group Corp. Ltd. Class A | 32,000 | 33 | ||||
Ningbo Joyson Electronic Corp. Class A | 14,200 | 33 | ||||
Do-Fluoride New Materials Co. Ltd. Class A | 17,700 | 33 | ||||
Cheng De Lolo Co. Ltd. Class A | 30,000 | 33 | ||||
GRG Banking Equipment Co. Ltd. Class A | 20,700 | 33 | ||||
Hubei Dinglong Co. Ltd. Class A | 11,300 | 33 | ||||
Jiangsu Nhwa Pharmaceutical Co. Ltd. Class A | 9,400 | 33 | ||||
Victory Giant Technology Huizhou Co. Ltd. Class A | 11,000 | 33 |
Shares | Market Value• ($000) | |||||
*,2 | CanSino Biologics Inc. Class H | 14,400 | 33 | |||
Shenzhen Fastprint Circuit Tech Co. Ltd. Class A | 18,200 | 33 | ||||
* | Hainan Meilan International Airport Co. Ltd. Class H | 35,000 | 33 | |||
Anjoy Foods Group Co. Ltd. Class A | 2,700 | 33 | ||||
Sunresin New Materials Co. Ltd. Class A | 4,800 | 33 | ||||
China Automotive Engineering Research Institute Co. Ltd. Class A | 12,000 | 33 | ||||
Shenzhen SED Industry Co. Ltd. Class A | 11,800 | 33 | ||||
Shanghai Zhonggu Logistics Co. Ltd. Class A | 30,192 | 33 | ||||
Shandong Himile Mechanical Science & Technology Co. Ltd. Class A | 7,000 | 32 | ||||
* | FAW Jiefang Group Co. Ltd. Class A | 26,200 | 32 | |||
Tianjin Capital Environmental Protection Group Co. Ltd. Class A | 42,700 | 32 | ||||
Luxi Chemical Group Co. Ltd. Class A | 23,200 | 32 | ||||
Hangjin Technology Co. Ltd. Class A | 7,800 | 32 | ||||
Asymchem Laboratories Tianjin Co. Ltd. Class A | 2,300 | 32 | ||||
Anji Microelectronics Technology Shanghai Co. Ltd. Class A | 1,549 | 32 | ||||
Kangji Medical Holdings Ltd. | 39,500 | 32 | ||||
*,3 | China Dili Group | 378,000 | 32 | |||
* | Yanlord Land Group Ltd. | 88,100 | 31 | |||
Gemdale Properties & Investment Corp. Ltd. | 924,000 | 31 | ||||
Rongsheng Petrochemical Co. Ltd. Class A | 22,100 | 31 | ||||
Changchun Faway Automobile Components Co. Ltd. Class A | 26,600 | 31 | ||||
Valiant Co. Ltd. Class A | 15,000 | 31 | ||||
Chengdu Fusen Noble-House Industrial Co. Ltd. Class A | 17,100 | 31 | ||||
First Capital Securities Co. Ltd. Class A | 39,600 | 31 |
Shares | Market Value• ($000) | |||||
Sinofibers Technology Co. Ltd. Class A | 9,000 | 31 | ||||
City Development Environment Co. Ltd. Class A | 18,700 | 31 | ||||
West China Cement Ltd. | 260,000 | 30 | ||||
Goldwind Science & Technology Co. Ltd. | 79,600 | 30 | ||||
Anhui Zhongding Sealing Parts Co. Ltd. Class A | 19,500 | 30 | ||||
* | Bluefocus Intelligent Communications Group Co. Ltd. Class A | 29,400 | 30 | |||
New China Life Insurance Co. Ltd. Class A | 6,600 | 30 | ||||
China Resources Double Crane Pharmaceutical Co. Ltd. Class A | 11,000 | 30 | ||||
2 | Xiabuxiabu Catering Management China Holdings Co. Ltd. | 119,000 | 30 | |||
B-Soft Co. Ltd. Class A | 45,260 | 30 | ||||
Wuhan Jingce Electronic Group Co. Ltd. Class A | 3,400 | 30 | ||||
Shandong Dongyue Organosilicon Material Co. Ltd. Class A | 27,800 | 30 | ||||
* | Ming Yuan Cloud Group Holdings Ltd. | 106,000 | 30 | |||
Yibin Tianyuan Group Co. Ltd. Class A | 47,940 | 30 | ||||
Shanghai Daimay Automotive Interior Co. Ltd. Class A | 15,845 | 30 | ||||
INESA Intelligent Tech Inc. Class B | 50,600 | 29 | ||||
Yunnan Tin Co. Ltd. Class A | 15,300 | 29 | ||||
DHC Software Co. Ltd. Class A | 35,800 | 29 | ||||
Beijing Strong Biotechnologies Inc. Class A | 9,900 | 29 | ||||
FAWER Automotive Parts Co. Ltd. Class A | 42,100 | 29 | ||||
Shenzhen Gas Corp. Ltd. Class A | 30,200 | 29 | ||||
SDIC Capital Co. Ltd. Class A | 30,300 | 29 | ||||
CSSC Science & Technology Co. Ltd. Class A | 11,900 | 29 | ||||
*,1,2 | XJ International Holdings Co. Ltd. | 706,000 | 29 |
Shares | Market Value• ($000) | |||||
State Grid Information & Communication Co. Ltd. Class A | 12,700 | 29 | ||||
2 | Sunac Services Holdings Ltd. | 113,000 | 29 | |||
Shanghai Haohai Biological Technology Co. Ltd. Class A | 2,015 | 29 | ||||
China Tungsten & Hightech Materials Co. Ltd. Class A | 24,830 | 29 | ||||
Ganzhou Teng Yuan Cobalt New Material Co. Ltd. Class A | 5,900 | 29 | ||||
Zhejiang Sanmei Chemical Industry Co. Ltd. Class A | 4,700 | 29 | ||||
* | Vnet Group Inc. ADR | 18,360 | 28 | |||
Inner Mongolia Xingye Silver&Tin Mining Co. Ltd. Class A | 22,500 | 28 | ||||
AVIC Industry-Finance Holdings Co. Ltd. Class A | 59,800 | 28 | ||||
Hengdian Group DMEGC Magnetics Co. Ltd. Class A | 13,800 | 28 | ||||
Aerospace Hi-Tech Holdings Group Ltd. Class A | 25,100 | 28 | ||||
Taiji Computer Corp. Ltd. Class A | 7,400 | 28 | ||||
* | DouYu International Holdings Ltd. ADR | 36,721 | 28 | |||
China Meidong Auto Holdings Ltd. | 72,000 | 28 | ||||
Joinn Laboratories China Co. Ltd. Class A | 10,897 | 28 | ||||
2 | Linklogis Inc. Class B | 176,500 | 28 | |||
* | Shanghai Junshi Biosciences Co. Ltd. Class A | 6,375 | 28 | |||
GCL Energy Technology Co. Ltd. Class A | 19,800 | 28 | ||||
* | Qingdao Sentury Tire Co. Ltd. Class A | 6,400 | 28 | |||
3peak Inc. Class A | 1,817 | 28 | ||||
Xinjiang Daqo New Energy Co. Ltd. Class A | 6,988 | 28 | ||||
* | Isoftstone Information Technology Group Co. Ltd. Class A | 4,500 | 28 | |||
GalaxyCore Inc. Class A | 10,323 | 28 | ||||
Chongqing Fuling Zhacai Group Co. Ltd. Class A | 13,600 | 27 | ||||
BBMG Corp. Class A | 100,200 | 27 | ||||
* | Topchoice Medical Corp. Class A | 3,004 | 27 |
Shares | Market Value• ($000) | |||||
Zhejiang Dingli Machinery Co. Ltd. Class A | 3,300 | 27 | ||||
Gaona Aero Material Co. Ltd. Class A | 11,680 | 27 | ||||
* | Tongdao Liepin Group | 53,600 | 27 | |||
* | Beijing Sinnet Technology Co. Ltd. Class A | 20,400 | 27 | |||
* | Luoxin Pharmaceuticals Group Stock Co. Ltd. Class A | 46,400 | 27 | |||
* | CMGE Technology Group Ltd. | 218,000 | 27 | |||
Huali Industrial Group Co. Ltd. Class A | 3,400 | 27 | ||||
* | Antong Holdings Co. Ltd. Class A | 82,200 | 27 | |||
Chervon Holdings Ltd. | 14,200 | 27 | ||||
Triangle Tyre Co. Ltd. Class A | 12,000 | 27 | ||||
Xiamen Amoytop Biotech Co. Ltd. Class A | 3,283 | 27 | ||||
Comba Telecom Systems Holdings Ltd. | 342,000 | 26 | ||||
* | Shenzhen Overseas Chinese Town Co. Ltd. Class A | 62,100 | 26 | |||
* | Meinian Onehealth Healthcare Holdings Co. Ltd. Class A | 33,900 | 26 | |||
IKD Co. Ltd. Class A | 8,900 | 26 | ||||
Gemdale Corp. Class A | 43,900 | 26 | ||||
Zhejiang Huahai Pharmaceutical Co. Ltd. Class A | 13,300 | 26 | ||||
* | Q Technology Group Co. Ltd. | 65,000 | 26 | |||
Nanjing Iron & Steel Co. Ltd. Class A | 44,500 | 26 | ||||
China Resources Boya Bio-pharmaceutical Group Co. Ltd. Class A | 6,500 | 26 | ||||
* | China Tianying Inc. Class A | 45,200 | 26 | |||
Weihai Guangwei Composites Co. Ltd. Class A | 6,720 | 26 | ||||
Sino-Platinum Metals Co. Ltd. Class A | 13,363 | 26 | ||||
Henan Yuguang Gold & Lead Co. Ltd. Class A | 34,100 | 26 | ||||
Shanxi Taigang Stainless Steel Co. Ltd. Class A | 49,600 | 26 | ||||
Risen Energy Co. Ltd. Class A | 11,800 | 26 | ||||
East Group Co. Ltd. Class A | 31,200 | 26 |
Shares | Market Value• ($000) | |||||
Digital China Group Co. Ltd. Class A | 6,200 | 26 | ||||
Three's Co. Media Group Co. Ltd. Class A | 3,216 | 26 | ||||
Raytron Technology Co. Ltd. Class A | 4,763 | 26 | ||||
GRG Metrology & Test Group Co. Ltd. Class A | 14,900 | 26 | ||||
* | Yatsen Holding Ltd. ADR | 51,964 | 26 | |||
2 | Medlive Technology Co. Ltd. | 27,500 | 26 | |||
Shaanxi Construction Engineering Group Corp. Ltd. Class A | 45,600 | 26 | ||||
Shandong Weifang Rainbow Chemical Co. Ltd. Class A | 2,900 | 26 | ||||
Lihuayi Weiyuan Chemical Co. Ltd. Class A | 12,100 | 26 | ||||
APT Medical Inc. Class A | 418 | 26 | ||||
Shenzhen Sunway Communication Co. Ltd. Class A | 8,800 | 25 | ||||
Hainan Strait Shipping Co. Ltd. Class A | 27,750 | 25 | ||||
2 | Qingdao Port International Co. Ltd. Class H | 43,000 | 25 | |||
Hongfa Technology Co. Ltd. Class A | 7,280 | 25 | ||||
Hexing Electrical Co. Ltd. Class A | 5,300 | 25 | ||||
Dian Diagnostics Group Co. Ltd. Class A | 9,400 | 25 | ||||
Jiangsu Lihua Animal Husbandry Stock Co. Ltd. Class A | 9,180 | 25 | ||||
Youngor Fashion Co. Ltd. | 24,300 | 25 | ||||
* | Skshu Paint Co. Ltd. Class A | 4,732 | 25 | |||
JCHX Mining Management Co. Ltd. Class A | 4,100 | 25 | ||||
Shanghai Liangxin Electrical Co. Ltd. Class A | 23,700 | 25 | ||||
Foryou Corp. Class A | 7,200 | 25 | ||||
Leader Harmonious Drive Systems Co. Ltd. Class A | 1,385 | 25 | ||||
* | Nanjing Tanker Corp. Class A | 57,500 | 25 | |||
* | Agile Group Holdings Ltd. | 248,000 | 24 |
Shares | Market Value• ($000) | |||||
* | Jiangsu Hoperun Software Co. Ltd. Class A | 7,600 | 24 | |||
Shenzhen Agricultural Products Group Co. Ltd. Class A | 28,200 | 24 | ||||
Red Avenue New Materials Group Co. Ltd. Class A | 6,100 | 24 | ||||
Zhongjin Gold Corp. Ltd. Class A | 16,600 | 24 | ||||
Fiberhome Telecommunication Technologies Co. Ltd. Class A | 9,400 | 24 | ||||
TangShan Port Group Co. Ltd. Class A | 40,400 | 24 | ||||
* | Chongqing Iron & Steel Co. Ltd. Class A | 126,900 | 24 | |||
Xuji Electric Co. Ltd. Class A | 7,600 | 24 | ||||
Yunnan Copper Co. Ltd. Class A | 15,700 | 24 | ||||
Shenzhen Megmeet Electrical Co. Ltd. Class A | 7,200 | 24 | ||||
Sonoscape Medical Corp. Class A | 4,400 | 24 | ||||
Zhuhai Huafa Properties Co. Ltd. Class A | 24,300 | 24 | ||||
* | Talkweb Information System Co. Ltd. Class A | 11,800 | 24 | |||
Innuovo Technology Co. Ltd. Class A | 32,800 | 24 | ||||
Anhui Truchum Advanced Materials & Technology Co. Ltd. Class A | 25,500 | 24 | ||||
Wuhan DR Laser Technology Corp. Ltd. Class A | 3,584 | 24 | ||||
* | Dada Nexus Ltd. ADR | 11,215 | 24 | |||
2 | Hangzhou Tigermed Consulting Co. Ltd. Class H | 6,800 | 24 | |||
* | Youdao Inc. ADR | 5,399 | 24 | |||
CHN Energy Changyuan Electric Power Co. Ltd. Class A | 39,000 | 24 | ||||
Huaxin Cement Co. Ltd. Class H | 28,200 | 24 | ||||
Shenzhen Fortune Trend Technology Co. Ltd. Class A | 1,422 | 24 | ||||
* | Hebei Sinopack Electronic Technology Co. Ltd. Class A | 2,500 | 24 |
Shares | Market Value• ($000) | |||||
Xiamen Bank Co. Ltd. Class A | 31,800 | 24 | ||||
* | DingDong Cayman Ltd. ADR | 20,902 | 24 | |||
Rianlon Corp. Class A | 7,200 | 24 | ||||
* | Shandong Hi-Speed New Energy Group Ltd. | 85,600 | 24 | |||
Cathay Biotech Inc. Class A | 3,632 | 24 | ||||
�� | Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd. Class A | 38,400 | 23 | |||
Anhui Construction Engineering Group Co. Ltd. Class A | 35,000 | 23 | ||||
* | China Aluminum International Engineering Corp. Ltd. Class A | 33,900 | 23 | |||
Avary Holding Shenzhen Co. Ltd. Class A | 7,800 | 23 | ||||
Shenzhen Gongjin Electronics Co. Ltd. Class A | 20,000 | 23 | ||||
2 | China East Education Holdings Ltd. | 70,000 | 23 | |||
Tofflon Science & Technology Group Co. Ltd. Class A | 10,300 | 23 | ||||
* | Shenzhen FRD Science & Technology Co. Ltd. Class A | 11,700 | 23 | |||
Beijing United Information Technology Co. Ltd. Class A | 7,830 | 23 | ||||
Zhejiang HangKe Technology Inc. Co. Class A | 7,252 | 23 | ||||
Inner Mongolia Dazhong Mining Co. Ltd. Class A | 17,100 | 23 | ||||
Shanghai Huafon Aluminium Corp. Class A | 10,400 | 23 | ||||
Hainan Jinpan Smart Technology Co. Ltd. Class A | 4,241 | 23 | ||||
Jiangsu Xinquan Automotive Trim Co. Ltd. Class A | 3,700 | 23 | ||||
Willfar Information Technology Co. Ltd. Class A | 4,990 | 23 | ||||
Shanghai Jinjiang International Hotels Co. Ltd. Class B | 14,600 | 22 | ||||
Sealand Securities Co. Ltd. Class A | 44,000 | 22 |
Shares | Market Value• ($000) | |||||
BGI Genomics Co. Ltd. Class A | 3,600 | 22 | ||||
Shanghai Yuyuan Tourist Mart Group Co. Ltd. Class A | 23,900 | 22 | ||||
China Meheco Co. Ltd. Class A | 13,800 | 22 | ||||
Jilin Electric Power Co. Ltd. Class A | 37,000 | 22 | ||||
Konfoong Materials International Co. Ltd. Class A | 3,300 | 22 | ||||
Shanghai Belling Co. Ltd. Class A | 12,400 | 22 | ||||
DBG Technology Co. Ltd. Class A | 7,500 | 22 | ||||
* | Lakala Payment Co. Ltd. Class A | 11,000 | 22 | |||
Lianhe Chemical Technology Co. Ltd. Class A | 26,100 | 22 | ||||
* | Bohai Leasing Co. Ltd. Class A | 68,400 | 22 | |||
* | Hengyi Petrochemical Co. Ltd. Class A | 22,400 | 22 | |||
Beijing Chunlizhengda Medical Instruments Co. Ltd. Class H | 17,500 | 22 | ||||
Nantong Jianghai Capacitor Co. Ltd. Class A | 9,500 | 22 | ||||
Jiaozuo Wanfang Aluminum Manufacturing Co. Ltd. Class A | 33,400 | 22 | ||||
GoodWe Technologies Co. Ltd. Class A | 1,428 | 22 | ||||
Anhui Huaheng Biotechnology Co. Ltd. Class A | 1,415 | 22 | ||||
Zhejiang Wanfeng Auto Wheel Co. Ltd. Class A | 20,800 | 21 | ||||
China Merchants Expressway Network & Technology Holdings Co. Ltd. Class A | 14,300 | 21 | ||||
Joincare Pharmaceutical Group Industry Co. Ltd. Class A | 12,400 | 21 | ||||
2 | Shanghai Haohai Biological Technology Co. Ltd. Class H | 4,400 | 21 | |||
Advanced Technology & Materials Co. Ltd. Class A | 18,300 | 21 | ||||
Beijing WKW Automotive Parts Co. Ltd. Class A | 50,300 | 21 |
Shares | Market Value• ($000) | |||||
* | Sai Micro Electronics Inc. Class A | 7,600 | 21 | |||
*,2 | CStone Pharmaceuticals | 104,000 | 21 | |||
Xinhuanet Co. Ltd. Class A | 5,900 | 21 | ||||
Guangzhou Great Power Energy & Technology Co. Ltd. Class A | 6,700 | 21 | ||||
COSCO SHIPPING Specialized Carriers Co. Ltd. Class A | 27,500 | 21 | ||||
PhiChem Corp. Class A | 11,200 | 21 | ||||
Shanghai Hanbell Precise Machinery Co. Ltd. Class A | 7,600 | 21 | ||||
Shenzhen Topband Co. Ltd. Class A | 17,100 | 21 | ||||
China Kings Resources Group Co. Ltd. Class A | 5,320 | 21 | ||||
Hainan Drinda New Energy Technology Co. Ltd. Class A | 2,200 | 21 | ||||
Geovis Technology Co. Ltd. Class A | 3,412 | 21 | ||||
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co. Ltd. Class A | 28,900 | 21 | ||||
* | Rising Nonferrous Metals Share Co. Ltd. Class A | 5,000 | 21 | |||
Angang Steel Co. Ltd. Class H | 110,000 | 20 | ||||
* | SOHO China Ltd. | 231,500 | 20 | |||
Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd. Class B | 27,000 | 20 | ||||
Xinhua Winshare Publishing & Media Co. Ltd. Class H | 22,000 | 20 | ||||
Guangdong Provincial Expressway Development Co. Ltd. Class A | 15,200 | 20 | ||||
* | Shenzhen Bauing Construction Holding Group Co. Ltd. Class A | 54,600 | 20 | |||
* | Sunward Intelligent Equipment Co. Ltd. Class A | 20,700 | 20 | |||
Yixintang Pharmaceutical Group Co. Ltd. Class A | 7,300 | 20 | ||||
* | Jonjee Hi-Tech Industrial & Commercial Holding Co. Ltd. Class A | 5,700 | 20 |
Shares | Market Value• ($000) | |||||
* | Guangzhou Baiyun International Airport Co. Ltd. Class A | 13,900 | 20 | |||
Chongqing Three Gorges Water Conservancy & Electric Power Co. Ltd. Class A | 19,300 | 20 | ||||
* | Grandjoy Holdings Group Co. Ltd. Class A | 50,100 | 20 | |||
Tangrenshen Group Co. Ltd. Class A | 24,600 | 20 | ||||
Sino Wealth Electronic Ltd. Class A | 7,469 | 20 | ||||
Amoy Diagnostics Co. Ltd. Class A | 6,420 | 20 | ||||
Infore Environment Technology Group Co. Ltd. Class A | 29,500 | 20 | ||||
Beijing Jingneng Power Co. Ltd. Class A | 47,500 | 20 | ||||
Eastern Communications Co. Ltd. Class A | 13,600 | 20 | ||||
* | YaGuang Technology Group Co. Ltd. Class A | 24,200 | 20 | |||
Fibocom Wireless Inc. Class A | 8,820 | 20 | ||||
*,1,2 | Shimao Services Holdings Ltd. | 139,000 | 20 | |||
* | Zhejiang Akcome New Energy Technology Co. Ltd. | 67,800 | 20 | |||
Zhejiang Cfmoto Power Co. Ltd. Class A | 1,400 | 20 | ||||
Zhejiang Jiuzhou Pharmaceutical Co. Ltd. Class A | 7,100 | 20 | ||||
Ningbo Ronbay New Energy Technology Co. Ltd. Class A | 4,709 | 20 | ||||
Hangzhou Lion Microelectronics Co. Ltd. Class A | 6,000 | 20 | ||||
Eastroc Beverage Group Co. Ltd. Class A | 800 | 20 | ||||
People's Insurance Co. Group of China Ltd. Class A | 27,200 | 20 | ||||
Lizhong Sitong Light Alloys Group Co. Ltd. Class A | 8,500 | 20 | ||||
Caida Securities Co. Ltd. Class A | 18,700 | 20 | ||||
Liaoning Chengda Biotechnology Co. Ltd. Class A | 5,005 | 20 | ||||
NYOCOR Co. Ltd. Class A | 24,700 | 20 |
Shares | Market Value• ($000) | |||||
Hangzhou Iron & Steel Co. Class A | 27,300 | 20 | ||||
*,1 | Sino-Ocean Group Holding Ltd. | 455,500 | 19 | |||
Chengdu Xingrong Environment Co. Ltd. Class A | 22,200 | 19 | ||||
Northeast Securities Co. Ltd. Class A | 19,200 | 19 | ||||
* | Alpha Group Class A | 18,300 | 19 | |||
Jiangsu Guotai International Group Co. Ltd. Class A | 19,400 | 19 | ||||
Zhejiang Communications Technology Co. Ltd. Class A | 36,960 | 19 | ||||
* | Shenzhen Everwin Precision Technology Co. Ltd. Class A | 14,200 | 19 | |||
* | Zhejiang Jinke Tom Culture Industry Co. Ltd. Class A | 30,600 | 19 | |||
Sinocare Inc. Class A | 5,700 | 19 | ||||
* | Guizhou Gas Group Corp. Ltd. Class A | 19,200 | 19 | |||
Zhejiang Weiming Environment Protection Co. Ltd. Class A | 7,657 | 19 | ||||
CSG Holding Co. Ltd. Class A | 24,600 | 19 | ||||
China CAMC Engineering Co. Ltd. Class A | 17,200 | 19 | ||||
Shanghai Tongji Science & Technology Industrial Co. Ltd. Class A | 15,600 | 19 | ||||
Yankershop Food Co. Ltd. Class A | 1,950 | 19 | ||||
Shenzhen Kstar Science & Technology Co. Ltd. Class A | 6,000 | 19 | ||||
Jiangsu Azure Corp. Class A | 18,100 | 19 | ||||
Anhui Jiangnan Chemical Industry Co. Ltd. Class A | 30,200 | 19 | ||||
Shanghai Huace Navigation Technology Ltd. Class A | 5,300 | 19 | ||||
China Southern Power Grid Energy Efficiency&Clean Energy Co. Ltd. Class A | 26,800 | 19 | ||||
Yunnan Botanee Bio-Technology Group Co. Ltd. Class A | 2,100 | 19 |
Shares | Market Value• ($000) | |||||
Ningbo Xusheng Group Co. Ltd. Class A | 9,100 | 19 | ||||
Zhejiang Weixing Industrial Development Co. Ltd. Class A | 13,300 | 19 | ||||
Shenzhen Envicool Technology Co. Ltd. Class A | 5,400 | 19 | ||||
Beijing Balance Medical Technology Co. Ltd. Class A | 1,086 | 19 | ||||
Changchun BCHT Biotechnology Co. Ltd. Class A | 2,431 | 19 | ||||
* | Ningbo Jifeng Auto Parts Co. Ltd. Class A | 10,700 | 19 | |||
* | Cosmopolitan International Holdings Ltd. | 81,000 | 19 | |||
* | Chengdu CORPRO Technology Co. Ltd. Class A | 7,900 | 18 | |||
* | Beijing BDStar Navigation Co. Ltd. Class A | 4,600 | 18 | |||
Daan Gene Co. Ltd. Class A | 14,600 | 18 | ||||
Wushang Group Co. Ltd. Class A | 17,300 | 18 | ||||
Guangdong Tapai Group Co. Ltd. Class A | 17,800 | 18 | ||||
Wuhan Raycus Fiber Laser Technologies Co. Ltd. Class A | 6,115 | 18 | ||||
Xiamen Tungsten Co. Ltd. Class A | 7,800 | 18 | ||||
Zhejiang Hisoar Pharmaceutical Co. Ltd. Class A | 23,000 | 18 | ||||
Zhejiang Wanma Co. Ltd. Class A | 15,000 | 18 | ||||
* | Pengdu Agriculture & Animal Husbandry Co. Ltd. Class A | 95,300 | 18 | |||
CNNC Hua Yuan Titanium Dioxide Co. Ltd. Class A | 29,900 | 18 | ||||
Norinco International Cooperation Ltd. Class A | 11,800 | 18 | ||||
Guangdong Zhongsheng Pharmaceutical Co. Ltd. Class A | 7,700 | 18 | ||||
Biem.L.Fdlkk Garment Co. Ltd. Class A | 4,100 | 18 | ||||
Longshine Technology Group Co. Ltd. Class A | 10,300 | 18 |
Shares | Market Value• ($000) | |||||
KPC Pharmaceuticals Inc. Class A | 6,400 | 18 | ||||
* | Chongqing Dima Industry Co. Ltd. Class A | 91,400 | 18 | |||
Beijing eGOVA Co. Ltd. Class A | 8,880 | 18 | ||||
Beijing Tongtech Co. Ltd. Class A | 9,020 | 18 | ||||
Shuangliang Eco-Energy Systems Co. Ltd. Class A | 15,800 | 18 | ||||
Shanghai Pret Composites Co. Ltd. Class A | 13,700 | 18 | ||||
China Kepei Education Group Ltd. | 88,000 | 18 | ||||
CETC Digital Technology Co. Ltd. Class A | 6,240 | 18 | ||||
* | Niu Technologies ADR | 9,737 | 18 | |||
* | Anhui Sinonet & Xonglong Science & Technology Co. Ltd. Class A | 30,400 | 18 | |||
Shanghai MicroPort Endovascular MedTech Group Co. Ltd. Class A | 671 | 18 | ||||
Chengdu RML Technology Co. Ltd. Class A | 2,600 | 18 | ||||
Wuxi Autowell Technology Co. Ltd. Class A | 1,476 | 18 | ||||
Jinan Shengquan Group Share Holding Co. Ltd. Class A | 6,200 | 18 | ||||
* | Tianjin Trolia Information Technology Co. Ltd. Class A | 34,300 | 18 | |||
Eyebright Medical Technology Beijing Co. Ltd. Class A | 784 | 18 | ||||
* | CETC Chips Technology Inc. Class A | 10,200 | 18 | |||
* | Sanwei Holding Group Co. Ltd. Class A | 8,300 | 18 | |||
Leshan Giantstar Farming & Husbandry Corp. Ltd. Class A | 3,800 | 18 | ||||
* | Fujian Kuncai Material Technology Co. Ltd. Class A | 2,700 | 18 | |||
* | Xiangtan Electric Manufacturing Co. Ltd. Class A | 10,400 | 18 | |||
Shenzhen Tagen Group Co. Ltd. Class A | 25,900 | 17 |
Shares | Market Value• ($000) | |||||
Hefei Meiya Optoelectronic Technology Inc. Class A | 6,500 | 17 | ||||
Sunflower Pharmaceutical Group Co. Ltd. Class A | 4,700 | 17 | ||||
Leyard Optoelectronic Co. Ltd. Class A | 23,300 | 17 | ||||
2 | Midea Real Estate Holding Ltd. | 30,600 | 17 | |||
Jinyu Bio-Technology Co. Ltd. Class A | 14,500 | 17 | ||||
Shandong Linglong Tyre Co. Ltd. Class A | 5,400 | 17 | ||||
Shanghai M&G Stationery Inc. Class A | 3,500 | 17 | ||||
Shandong Hi-Speed Road & Bridge Co. Ltd. Class A | 21,400 | 17 | ||||
* | BOE HC SemiTek Corp. Class A | 21,700 | 17 | |||
JL Mag Rare-Earth Co. Ltd. Class A | 7,200 | 17 | ||||
Sanquan Food Co. Ltd. Class A | 9,630 | 17 | ||||
Xinjiang Communications Construction Group Co. Ltd. Class A | 10,400 | 17 | ||||
Shanghai Wanye Enterprises Co. Ltd. Class A | 9,200 | 17 | ||||
Hunan TV & Broadcast Intermediary Co. Ltd. Class A | 24,300 | 17 | ||||
Chengdu Leejun Industrial Co. Ltd. Class A | 21,800 | 17 | ||||
Edan Instruments Inc. Class A | 13,000 | 17 | ||||
Tibet Rhodiola Pharmaceutical Holding Co. Class A | 2,700 | 17 | ||||
1,2 | Joinn Laboratories China Co. Ltd. Class H | 13,132 | 17 | |||
Chongqing Fuling Electric Power Industrial Co. Ltd. Class A | 10,320 | 17 | ||||
Shenzhen Dynanonic Co. Ltd. Class A | 2,880 | 17 | ||||
* | Shanghai Milkground Food Tech Co. Ltd. Class A | 8,600 | 17 | |||
Sino Biological Inc. Class A | 1,700 | 17 |
Shares | Market Value• ($000) | |||||
*,1,2 | Alliance International Education Leasing Holdings Ltd. | 151,000 | 17 | |||
China Science Publishing & Media Ltd. Class A | 4,700 | 17 | ||||
BMC Medical Co. Ltd. Class A | 1,200 | 17 | ||||
Jinhong Gas Co. Ltd. Class A | 5,923 | 17 | ||||
* | Suzhou Zelgen Biopharmaceutical Co. Ltd. Class A | 2,662 | 17 | |||
* | Sinocelltech Group Ltd. Class A | 2,886 | 17 | |||
* | Huafon Microfibre Shanghai Technology Co. Ltd. Class A | 33,700 | 16 | |||
Zhejiang Jiemei Electronic & Technology Co. Ltd. Class A | 5,000 | 16 | ||||
Shandong Hi-speed Co. Ltd. Class A | 14,300 | 16 | ||||
Electric Connector Technology Co. Ltd. Class A | 3,100 | 16 | ||||
* | YanTai Shuangta Food Co. Ltd. Class A | 24,500 | 16 | |||
Zhejiang Daily Digital Culture Group Co. Ltd. Class A | 10,600 | 16 | ||||
Yueyang Forest & Paper Co. Ltd. Class A | 23,300 | 16 | ||||
Jiangsu Provincial Agricultural Reclamation & Development Corp. Class A | 11,400 | 16 | ||||
Edifier Technology Co. Ltd. Class A | 8,600 | 16 | ||||
Intco Medical Technology Co. Ltd. Class A | 5,300 | 16 | ||||
Guangdong Advertising Group Co. Ltd. Class A | 18,900 | 16 | ||||
Xinzhi Group Co. Ltd. Class A | 8,300 | 16 | ||||
* | Roshow Technology Co. Ltd. Class A | 20,400 | 16 | |||
Arcsoft Corp. Ltd. Class A | 3,820 | 16 | ||||
Hainan Haide Capital Management Co. Ltd. Class A | 11,165 | 16 | ||||
Sichuan Anning Iron & Titanium Co. Ltd. Class A | 3,900 | 16 |
Shares | Market Value• ($000) | |||||
Chengdu ALD Aviation Manufacturing Corp. Class A | 8,800 | 16 | ||||
PNC Process Systems Co. Ltd. Class A | 4,320 | 16 | ||||
Dajin Heavy Industry Co. Ltd. Class A | 5,200 | 16 | ||||
China National Gold Group Gold Jewellery Co. Ltd. Class A | 11,400 | 16 | ||||
* | Zhejiang Dun'An Artificial Environment Co. Ltd. Class A | 8,800 | 16 | |||
* | Shanghai Anlogic Infotech Co. Ltd. Class A | 3,535 | 16 | |||
Zhuhai CosMX Battery Co. Ltd. Class A | 7,601 | 16 | ||||
Kunshan Kinglai Hygienic Materials Co. Ltd. Class A | 4,200 | 16 | ||||
* | Qi An Xin Technology Group Inc. Class A | 3,389 | 16 | |||
Shijiazhuang Shangtai Technology Co. Ltd. Class A | 3,900 | 16 | ||||
* | Farasis Energy Gan Zhou Co. Ltd. Class A | 8,768 | 16 | |||
Kingsemi Co. Ltd. Class A | 990 | 16 | ||||
* | Bestechnic Shanghai Co. Ltd. Class A | 1,058 | 16 | |||
Ausnutria Dairy Corp. Ltd. | 46,000 | 15 | ||||
* | FIH Mobile Ltd. | 243,000 | 15 | |||
* | STO Express Co. Ltd. Class A | 13,600 | 15 | |||
* | Topsec Technologies Group Inc. Class A | 13,800 | 15 | |||
Oppein Home Group Inc. Class A | 1,600 | 15 | ||||
Yutong Bus Co. Ltd. Class A | 5,600 | 15 | ||||
G-bits Network Technology Xiamen Co. Ltd. Class A | 500 | 15 | ||||
Shenzhen Desay Battery Technology Co. Class A | 4,680 | 15 | ||||
Zhejiang Xianju Pharmaceutical Co. Ltd. Class A | 9,900 | 15 | ||||
Suzhou Anjie Technology Co. Ltd. Class A | 8,300 | 15 | ||||
Zhengzhou Coal Mining Machinery Group Co. Ltd. Class A | 7,500 | 15 | ||||
Wuchan Zhongda Group Co. Ltd. Class A | 23,600 | 15 |
Shares | Market Value• ($000) | |||||
Shanghai Kaibao Pharmaceutical Co. Ltd. Class A | 17,400 | 15 | ||||
Jiangxi Huangshanghuang Group Food Co. Ltd. Class A | 13,100 | 15 | ||||
Yusys Technologies Co. Ltd. Class A | 7,680 | 15 | ||||
Beijing Capital Eco-Environment Protection Group Co. Ltd. Class A | 37,500 | 15 | ||||
China Wafer Level CSP Co. Ltd. Class A | 6,000 | 15 | ||||
* | Yijiahe Technology Co. Ltd. Class A | 4,200 | 15 | |||
Jiangsu Nata Opto-electronic Material Co. Ltd. Class A | 4,160 | 15 | ||||
* | INKON Life Technology Co. Ltd. Class A | 12,700 | 15 | |||
* | Shandong Longda Meishi Co. Ltd. Class A | 14,700 | 15 | |||
* | Hainan Development Holdings Nanhai Co. Ltd. Class A | 13,500 | 15 | |||
Sichuan Development Lomon Co. Ltd. Class A | 15,400 | 15 | ||||
Chongyi Zhangyuan Tungsten Industry Co. Ltd. Class A | 22,490 | 15 | ||||
Chengdu Kanghua Biological Products Co. Ltd. Class A | 1,750 | 15 | ||||
Zhejiang Shuanghuan Driveline Co. Ltd. Class A | 4,400 | 15 | ||||
Xinxiang Richful Lube Additive Co. Ltd. Class A | 2,470 | 15 | ||||
Beijing Huafeng Test & Control Technology Co. Ltd. Class A | 1,169 | 15 | ||||
Qingdao East Steel Tower Stock Co. Ltd. Class A | 16,000 | 15 | ||||
Micro-Tech Nanjing Co. Ltd. Class A | 1,459 | 15 | ||||
Xi'an Bright Laser Technologies Co. Ltd. Class A | 1,362 | 15 | ||||
Center International Group Co. Ltd. Class A | 10,700 | 15 | ||||
*,1 | Zhuguang Holdings Group Co. Ltd. | 486,000 | 14 |
Shares | Market Value• ($000) | |||||
China South City Holdings Ltd. | 682,000 | 14 | ||||
* | Tianma Microelectronics Co. Ltd. Class A | 11,400 | 14 | |||
* | RiseSun Real Estate Development Co. Ltd. Class A | 61,300 | 14 | |||
Beijing Originwater Technology Co. Ltd. Class A | 20,105 | 14 | ||||
Xinyu Iron & Steel Co. Ltd. Class A | 27,300 | 14 | ||||
* | Sichuan Hexie Shuangma Co. Ltd. Class A | 6,000 | 14 | |||
Laobaixing Pharmacy Chain JSC Class A | 3,328 | 14 | ||||
Han's Laser Technology Industry Group Co. Ltd. Class A | 4,900 | 14 | ||||
Suning Universal Co. Ltd. Class A | 43,100 | 14 | ||||
Zhejiang Jingxin Pharmaceutical Co. Ltd. Class A | 9,300 | 14 | ||||
Shandong Xinhua Pharmaceutical Co. Ltd. Class A | 5,700 | 14 | ||||
* | Guangdong Dongfang Precision Science & Technology Co. Ltd. Class A | 13,700 | 14 | |||
Jiangxi Wannianqing Cement Co. Ltd. Class A | 15,700 | 14 | ||||
* | Xiwang Foodstuffs Co. Ltd. Class A | 30,800 | 14 | |||
* | Gree Real Estate Co. Ltd. Class A | 15,800 | 14 | |||
* | Shengda Resources Co. Ltd. Class A | 11,100 | 14 | |||
Quectel Wireless Solutions Co. Ltd. Class A | 2,469 | 14 | ||||
2 | Pharmaron Beijing Co. Ltd. Class H | 10,350 | 14 | |||
Black Peony Group Co. Ltd. Class A | 19,800 | 14 | ||||
CNSIG Inner Mongolia Chemical Industry Co. Ltd. Class A | 12,870 | 14 | ||||
OPT Machine Vision Tech Co. Ltd. Class A | 1,238 | 14 | ||||
*,1 | KWG Group Holdings Ltd. | 238,500 | 13 | |||
* | Youzu Interactive Co. Ltd. Class A | 9,200 | 13 | |||
* | Jinke Properties Group Co. Ltd. Class A | 57,200 | 13 |
Shares | Market Value• ($000) | |||||
* | Shandong Yisheng Livestock & Poultry Breeding Co. Ltd. Class A | 8,700 | 13 | |||
Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd. Class A | 9,300 | 13 | ||||
Hisense Visual Technology Co. Ltd. Class A | 3,500 | 13 | ||||
Anhui Expressway Co. Ltd. Class A | 6,700 | 13 | ||||
* | Zhejiang Jingu Co. Ltd. Class A | 15,900 | 13 | |||
Telling Telecommunication Holding Co. Ltd. Class A | 10,900 | 13 | ||||
Xinjiang Tianshan Cement Co. Ltd. Class A | 13,800 | 13 | ||||
Xiamen Kingdomway Group Co. Class A | 6,600 | 13 | ||||
Shenzhen H&T Intelligent Control Co. Ltd. Class A | 7,500 | 13 | ||||
Zhejiang Xinan Chemical Industrial Group Co. Ltd. Class A | 11,060 | 13 | ||||
* | LVGEM China Real Estate Investment Co. Ltd. | 164,000 | 13 | |||
Chongqing Rural Commercial Bank Co. Ltd. Class A | 20,400 | 13 | ||||
Fulin Precision Co. Ltd. Class A | 11,650 | 13 | ||||
China Zheshang Bank Co. Ltd. Class A | 33,540 | 13 | ||||
Shandong Dawn Polymer Co. Ltd. Class A | 9,000 | 13 | ||||
* | Wondershare Technology Group Co. Ltd. Class A | 900 | 13 | |||
Guangdong Hybribio Biotech Co. Ltd. Class A | 12,825 | 13 | ||||
Era Co. Ltd. Class A | 18,600 | 13 | ||||
BrightGene Bio-Medical Technology Co. Ltd. Class A | 3,059 | 13 | ||||
Wuxi NCE Power Co. Ltd. Class A | 2,660 | 13 | ||||
Beyondsoft Corp. Class A | 8,800 | 13 | ||||
Jiangsu ToLand Alloy Co. Ltd. Class A | 4,030 | 13 |
Shares | Market Value• ($000) | |||||
Henan Mingtai Al Industrial Co. Ltd. Class A | 8,800 | 13 | ||||
Guangdong Construction Engineering Group Co. Ltd. Class A | 21,400 | 13 | ||||
Kunshan Dongwei Technology Co. Ltd. Class A | 2,397 | 13 | ||||
Dosilicon Co. Ltd. Class A | 3,679 | 13 | ||||
Pacific Textiles Holdings Ltd. | 77,000 | 12 | ||||
Fujian Star-net Communication Co. Ltd. Class A | 5,100 | 12 | ||||
JSTI Group Class A | 18,000 | 12 | ||||
C&S Paper Co. Ltd. Class A | 9,200 | 12 | ||||
Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd. Class A | 3,400 | 12 | ||||
Hangxiao Steel Structure Co. Ltd. Class A | 28,100 | 12 | ||||
Shenzhen Sunline Tech Co. Ltd. Class A | 10,300 | 12 | ||||
Guangdong Dowstone Technology Co. Ltd. Class A | 9,200 | 12 | ||||
Zhejiang Medicine Co. Ltd. Class A | 9,000 | 12 | ||||
Shanghai Runda Medical Technology Co. Ltd. Class A | 4,900 | 12 | ||||
Beijing GeoEnviron Engineering & Technology Inc. Class A | 14,600 | 12 | ||||
Shenzhen Woer Heat-Shrinkable Material Co. Ltd. Class A | 12,800 | 12 | ||||
Yantai Zhenghai Magnetic Material Co. Ltd. Class A | 8,500 | 12 | ||||
Shandong Jinjing Science & Technology Co. Ltd. Class A | 14,500 | 12 | ||||
Keshun Waterproof Technologies Co. Ltd. Class A | 16,460 | 12 | ||||
Chongqing Zaisheng Technology Corp. Ltd. Class A | 28,400 | 12 | ||||
Shenzhen Leaguer Co. Ltd. Class A | 12,000 | 12 | ||||
* | Hwa Create Co. Ltd. Class A | 3,700 | 12 |
Shares | Market Value• ($000) | |||||
Baowu Magnesium Technology Co. Ltd. Class A | 5,300 | 12 | ||||
Chengdu Wintrue Holding Co. Ltd. Class A | 10,800 | 12 | ||||
* | Beijing Compass Technology Development Co. Ltd. Class A | 1,700 | 12 | |||
Sichuan Jiuzhou Electric Co. Ltd. Class A | 9,400 | 12 | ||||
Shanghai Fullhan Microelectronics Co. Ltd. Class A | 2,500 | 12 | ||||
Moon Environment Technology Co. Ltd. Class A | 6,600 | 12 | ||||
Anhui Guangxin Agrochemical Co. Ltd. Class A | 5,740 | 12 | ||||
Tibet Mineral Development Co. Class A | 3,600 | 12 | ||||
Guizhou Chanhen Chemical Corp. Class A | 4,900 | 12 | ||||
Jiangsu Guomao Reducer Co. Ltd. Class A | 6,700 | 12 | ||||
ZWSOFT Co. Ltd. Guangzhou Class A | 1,045 | 12 | ||||
Qingdao Gaoce Technology Co. Ltd. Class A | 2,861 | 12 | ||||
* | Jiangxi Ganneng Co. Ltd. Class A | 11,100 | 12 | |||
Wuxi Paike New Materials Technology Co. Ltd. Class A | 1,200 | 12 | ||||
* | Hainan Airport Infrastructure Co. Ltd. Class A | 23,721 | 12 | |||
BBMG Corp. Class H | 133,000 | 11 | ||||
* | Shenzhen Airport Co. Ltd. Class A | 11,600 | 11 | |||
* | China Reform Health Management & Services Group Co. Ltd. Class A | 7,900 | 11 | |||
Chow Tai Seng Jewellery Co. Ltd. Class A | 4,300 | 11 | ||||
* | PCI Technology Group Co. Ltd. Class A | 14,900 | 11 | |||
Grandblue Environment Co. Ltd. Class A | 4,800 | 11 | ||||
* | Zhejiang Narada Power Source Co. Ltd. Class A | 6,900 | 11 |
Shares | Market Value• ($000) | |||||
* | Beijing Water Business Doctor Co. Ltd. Class A | 15,600 | 11 | |||
Skyworth Digital Co. Ltd. Class A | 6,900 | 11 | ||||
Shenzhen YUTO Packaging Technology Co. Ltd. Class A | 2,900 | 11 | ||||
Jiangsu Shuangxing Color Plastic New Materials Co. Ltd. Class A | 12,600 | 11 | ||||
CTS International Logistics Corp. Ltd. Class A | 10,800 | 11 | ||||
Anhui Heli Co. Ltd. Class A | 3,600 | 11 | ||||
* | Guangdong Create Century Intelligent Equipment Group Corp. Ltd. Class A | 14,600 | 11 | |||
* | Aotecar New Energy Technology Co. Ltd. Class A | 30,000 | 11 | |||
Milkyway Intelligent Supply Chain Service Group Co. Ltd. Class A | 1,700 | 11 | ||||
2 | Shenzhen Hepalink Pharmaceutical Group Co. Ltd. Class H | 31,000 | 11 | |||
Shenzhen Changhong Technology Co. Ltd. Class A | 5,000 | 11 | ||||
Qingdao Haier Biomedical Co. Ltd. Class A | 2,543 | 11 | ||||
Winall Hi-Tech Seed Co. Ltd. Class A | 8,960 | 11 | ||||
Shanghai Medicilon Inc. Class A | 1,783 | 11 | ||||
Jade Bird Fire Co. Ltd. Class A | 5,590 | 11 | ||||
* | Guangdong Guanghua Sci-Tech Co. Ltd. Class A | 6,500 | 11 | |||
Hubei Yihua Chemical Industry Co. Ltd. Class A | 9,000 | 11 | ||||
Jingjin Equipment Inc. Class A | 3,760 | 11 | ||||
Shantui Construction Machinery Co. Ltd. Class A | 11,900 | 11 | ||||
Ningbo Zhenyu Technology Co. Ltd. Class A | 1,800 | 11 | ||||
Nuode New Materials Co. Ltd. Class A | 17,200 | 11 | ||||
Sineng Electric Co. Ltd. Class A | 3,144 | 11 |
Shares | Market Value• ($000) | |||||
Wencan Group Co. Ltd. Class A | 2,800 | 11 | ||||
Shenzhen Special Economic Zone Real Estate & Properties Group Co. Ltd. Class A | 7,300 | 11 | ||||
Qilu Bank Co. Ltd. Class A | 17,700 | 11 | ||||
* | Verisilicon Microelectronics Shanghai Co. Ltd. Class A | 1,886 | 11 | |||
Shanghai Bailian Group Co. Ltd. Class B | 19,200 | 10 | ||||
CETC Potevio Science & Technology Co. Ltd. Class A | 4,600 | 10 | ||||
Tayho Advanced Materials Group Co. Ltd. Class A | 5,700 | 10 | ||||
Guocheng Mining Co. Ltd. Class A | 7,100 | 10 | ||||
Guangdong Zhongnan Iron & Steel Co. Ltd. Class A | 25,700 | 10 | ||||
Yunda Holding Co. Ltd. Class A | 9,800 | 10 | ||||
Qinhuangdao Port Co. Ltd. Class A | 23,500 | 10 | ||||
Anhui Xinhua Media Co. Ltd. Class A | 10,400 | 10 | ||||
China National Medicines Corp. Ltd. Class A | 2,300 | 10 | ||||
Mayinglong Pharmaceutical Group Co. Ltd. Class A | 3,000 | 10 | ||||
Shanghai Yaoji Technology Co. Ltd. Class A | 2,700 | 10 | ||||
*,2 | Viva Biotech Holdings | 128,500 | 10 | |||
Xiamen Xiangyu Co. Ltd. Class A | 11,000 | 10 | ||||
Beijing Aerospace Shenzhou Intelligent Equipment Technology Co. Ltd. Class A | 6,600 | 10 | ||||
* | Shanghai DZH Ltd. Class A | 9,200 | 10 | |||
Goneo Group Co. Ltd. Class A | 700 | 10 | ||||
*,2 | Archosaur Games Inc. | 57,000 | 10 | |||
Guangdong Aofei Data Technology Co. Ltd. Class A | 8,207 | 10 | ||||
Shandong WIT Dyne Health Co. Ltd. Class A | 2,300 | 10 |
Shares | Market Value• ($000) | |||||
Tongling Jingda Special Magnet Wire Co. Ltd. Class A | 19,100 | 10 | ||||
* | Fujian Snowman Co. Ltd. Class A | 9,600 | 10 | |||
Guangdong Jia Yuan Technology Shares Co. Ltd. Class A | 4,293 | 10 | ||||
Jiangsu Huahong Technology Stock Co. Ltd. Class A | 8,900 | 10 | ||||
* | JS Corrugating Machinery Co. Ltd. Class A | 5,100 | 10 | |||
Yunnan Energy Investment Co. Ltd. Class A | 7,100 | 10 | ||||
Fujian Boss Software Development Co. Ltd. Class A | 5,100 | 10 | ||||
Eastern Communications Co. Ltd. Class B | 24,000 | 9 | ||||
* | China High Speed Transmission Equipment Group Co. Ltd. | 51,000 | 9 | |||
Joyoung Co. Ltd. Class A | 5,800 | 9 | ||||
Suofeiya Home Collection Co. Ltd. Class A | 4,100 | 9 | ||||
Chengdu Kanghong Pharmaceutical Group Co. Ltd. Class A | 3,700 | 9 | ||||
* | Beijing SuperMap Software Co. Ltd. Class A | 4,000 | 9 | |||
M-Grass Ecology & Environment Group Co. Ltd. Class A | 19,800 | 9 | ||||
Hainan Poly Pharm Co. Ltd. Class A | 3,500 | 9 | ||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Class A | 2,100 | 9 | ||||
Shanghai Dazhong Public Utilities Group Co. Ltd. Class A | 22,500 | 9 | ||||
Dashang Co. Ltd. Class A | 4,100 | 9 | ||||
Bluestar Adisseo Co. Class A | 7,400 | 9 | ||||
Hunan Aihua Group Co. Ltd. Class A | 3,800 | 9 | ||||
* | China Film Co. Ltd. Class A | 5,228 | 9 | |||
* | Sichuan Haite High-tech Co. Ltd. Class A | 7,900 | 9 |
Shares | Market Value• ($000) | |||||
Wuhu Token Science Co. Ltd. Class A | 11,500 | 9 | ||||
Beijing Zhong Ke San Huan High-Tech Co. Ltd. Class A | 6,700 | 9 | ||||
Zhongshan Broad Ocean Motor Co. Ltd. Class A | 12,700 | 9 | ||||
China West Construction Group Co. Ltd. Class A | 10,000 | 9 | ||||
Sinosteel Engineering & Technology Co. Ltd. Class A | 10,200 | 9 | ||||
Shenzhen Suntak Circuit Technology Co. Ltd. Class A | 7,900 | 9 | ||||
Lier Chemical Co. Ltd. Class A | 6,800 | 9 | ||||
Shennan Circuits Co. Ltd. Class A | 900 | 9 | ||||
Unilumin Group Co. Ltd. Class A | 9,400 | 9 | ||||
Shinva Medical Instrument Co. Ltd. Class A | 3,000 | 9 | ||||
China Enterprise Co. Ltd. Class A | 20,201 | 9 | ||||
Ningbo Yunsheng Co. Ltd. Class A | 10,100 | 9 | ||||
* | Fangda Special Steel Technology Co. Ltd. Class A | 15,200 | 9 | |||
Porton Pharma Solutions Ltd. Class A | 3,200 | 9 | ||||
* | Blivex Energy Technology Co. Ltd. Class A | 49,300 | 9 | |||
China Publishing & Media Co. Ltd. Class A | 7,800 | 9 | ||||
Xinjiang Joinworld Co. Ltd. Class A | 9,200 | 9 | ||||
Bear Electric Appliance Co. Ltd. Class A | 1,100 | 9 | ||||
Bafang Electric Suzhou Co. Ltd. Class A | 1,680 | 9 | ||||
Jinko Power Technology Co. Ltd. Class A | 19,500 | 9 | ||||
Tianjin Teda Co. Ltd. Class A | 17,600 | 9 | ||||
* | Shenzhen Comix Group Co. Ltd. Class A | 10,700 | 9 | |||
Zhongtai Securities Co. Ltd. Class A | 9,800 | 9 | ||||
Hangzhou Electronic Soul Network Technology Co. Ltd. Class A | 3,100 | 9 |
Shares | Market Value• ($000) | |||||
* | Xian International Medical Investment Co. Ltd. Class A | 9,600 | 9 | |||
Chinalin Securities Co. Ltd. Class A | 5,200 | 9 | ||||
* | Archermind Technology Nanjing Co. Ltd. Class A | 1,600 | 9 | |||
Windey Energy Technology Group Co. Ltd. Class A | 7,150 | 9 | ||||
Luyang Energy-Saving Materials Co. Ltd. | 4,400 | 9 | ||||
* | Triumph New Energy Co. Ltd. Class A | 5,200 | 9 | |||
Hunan Zhongke Electric Co. Ltd. Class A | 7,500 | 9 | ||||
Jiangsu Cnano Technology Co. Ltd. Class A | 3,205 | 9 | ||||
Jiangsu Amer New Material Co. Ltd. Class A | 11,600 | 9 | ||||
Marssenger Kitchenware Co. Ltd. Class A | 4,800 | 9 | ||||
Zhejiang Ausun Pharmaceutical Co. Ltd. Class A | 5,798 | 9 | ||||
Wuhan Keqian Biology Co. Ltd. Class A | 3,714 | 9 | ||||
Zhejiang Jiahua Energy Chemical Industry Co. Ltd. Class A | 8,300 | 9 | ||||
Jiangsu Haili Wind Power Equipment Technology Co. Ltd. Class A | 1,500 | 9 | ||||
* | Kidswant Children Products Co. Ltd. Class A | 9,400 | 9 | |||
Central China Land Media Co. Ltd. Class A | 6,500 | 9 | ||||
INESA Intelligent Tech Inc. Class A | 5,300 | 9 | ||||
Hand Enterprise Solutions Co. Ltd. Class A | 8,300 | 8 | ||||
Estun Automation Co. Ltd. Class A | 3,200 | 8 | ||||
Heilongjiang Agriculture Co. Ltd. Class A | 4,800 | 8 | ||||
* | Yonghui Superstores Co. Ltd. Class A | 22,800 | 8 | |||
Sinochem International Corp. Class A | 14,500 | 8 | ||||
Ningbo Peacebird Fashion Co. Ltd. Class A | 3,600 | 8 |
Shares | Market Value• ($000) | |||||
Sumavision Technologies Co. Ltd. Class A | 11,000 | 8 | ||||
* | Focused Photonics Hangzhou Inc. Class A | 4,200 | 8 | |||
Shanghai Stonehill Technology Co. Ltd. Class A | 20,000 | 8 | ||||
Financial Street Holdings Co. Ltd. Class A | 16,400 | 8 | ||||
Betta Pharmaceuticals Co. Ltd. Class A | 1,400 | 8 | ||||
* | Tech-Bank Food Co. Ltd. Class A | 18,000 | 8 | |||
Jinneng Science&Technology Co. Ltd. Class A | 8,500 | 8 | ||||
Shanghai AtHub Co. Ltd. Class A | 3,360 | 8 | ||||
PharmaBlock Sciences Nanjing Inc. Class A | 1,800 | 8 | ||||
* | Guizhou Broadcasting & TV Information Network Co. Ltd. Class A | 7,200 | 8 | |||
Beijing Science Sun Pharmaceutical Co. Ltd. Class A | 6,800 | 8 | ||||
Shanghai Bailian Group Co. Ltd. Class A | 6,400 | 8 | ||||
Shanghai Foreign Service Holding Group Co. Ltd. Class A | 13,100 | 8 | ||||
Tibet Urban Development & Investment Co. Ltd. Class A | 6,100 | 8 | ||||
* | Yunnan Lincang Xinyuan Germanium Industrial Co. Ltd. Class A | 5,000 | 8 | |||
Shenzhen Microgate Technology Co. Ltd. Class A | 7,000 | 8 | ||||
* | Orient Group Inc. Class A | 32,200 | 8 | |||
* | China Express Airlines Co. Ltd. Class A | 9,600 | 8 | |||
* | CanSino Biologics Inc. Class A | 948 | 8 | |||
Zhejiang Qianjiang Motorcycle Co. Ltd. Class A | 4,800 | 8 | ||||
Longhua Technology Group Luoyang Co. Ltd. Class A | 10,000 | 8 | ||||
Weihai Guangtai Airport Equipment Co. Ltd. Class A | 7,800 | 8 |
Shares | Market Value• ($000) | |||||
* | Bestway Marine & Energy Technology Co. Ltd. Class A | 16,200 | 8 | |||
* | Shenzhen Fine Made Electronics Group Co. Ltd. Class A | 2,200 | 8 | |||
Beijing Sanlian Hope Shin-Gosen Technical Service Co. Ltd. Class A | 4,400 | 8 | ||||
Xilinmen Furniture Co. Ltd. Class A | 3,600 | 8 | ||||
Guangdong Fenghua Advanced Technology Holding Co. Ltd. Class A | 5,000 | 8 | ||||
* | Jiangsu Lopal Tech Co. Ltd. Class A | 6,000 | 8 | |||
Jinghua Pharmaceutical Group Co. Ltd. Class A | 7,900 | 8 | ||||
* | Shenzhen Clou Electronics Co. Ltd. Class A | 12,800 | 8 | |||
* | Zhongtong Bus Co. Ltd. Class A | 7,200 | 8 | |||
* | Guangdong Hongtu Technology Holdings Co. Ltd. Class A | 4,300 | 8 | |||
Henan Liliang Diamond Co. Ltd. Class A | 2,000 | 8 | ||||
Tuoxin Pharmaceutical Group Co. Ltd. Class A | 1,400 | 8 | ||||
CCCG Real Estate Corp. Ltd. Class A | 5,900 | 8 | ||||
* | Beijing Sinohytec Co. Ltd. Class A | 1,365 | 8 | |||
* | Delixi New Energy Technology Co. Ltd. Class A | 3,000 | 8 | |||
Tangshan Sunfar Silicon Industry Co. Ltd. Class A | 3,900 | 8 | ||||
Sichuan Injet Electric Co. Ltd. Class A | 1,200 | 8 | ||||
Shenzhen Xinyichang Technology Co. Ltd. Class A | 798 | 8 | ||||
Ningbo Huaxiang Electronic Co. Ltd. Class A | 4,200 | 7 | ||||
Shenzhen Yan Tian Port Holding Co. Ltd. Class A | 10,800 | 7 | ||||
* | Jiangsu Zhongnan Construction Group Co. Ltd. Class A | 41,700 | 7 | |||
* | Dongjiang Environmental Co. Ltd. Class A | 11,300 | 7 |
Shares | Market Value• ($000) | |||||
Shenzhen Ysstech Info-tech Co. Ltd. Class A | 7,600 | 7 | ||||
Qingdao Eastsoft Communication Technology Co. Ltd. Class A | 4,000 | 7 | ||||
Guangzhou Shiyuan Electronic Technology Co. Ltd. Class A | 1,200 | 7 | ||||
* | ChemPartner PharmaTech Co. Ltd. Class A | 9,798 | 7 | |||
Renhe Pharmacy Co. Ltd. Class A | 8,300 | 7 | ||||
* | Guangdong Shenglu Telecommunication Tech Co. Ltd. Class A | 7,700 | 7 | |||
Zhejiang Garden Biopharmaceutical Co. Ltd. Class A | 5,500 | 7 | ||||
Shanghai Zijiang Enterprise Group Co. Ltd. Class A | 10,000 | 7 | ||||
Shandong Xiantan Co. Ltd. Class A | 7,300 | 7 | ||||
Shenzhen Center Power Tech Co. Ltd. Class A | 3,900 | 7 | ||||
Sichuan Jiuyuan Yinhai Software Co. Ltd. Class A | 2,300 | 7 | ||||
Hangzhou Dptech Technologies Co. Ltd. Class A | 4,350 | 7 | ||||
* | Lushang Freda Pharmaceutical Co. Ltd. Class A | 5,800 | 7 | |||
* | Shenzhen Deren Electronic Co. Ltd. Class A | 7,900 | 7 | |||
* | Anhui Tatfook Technology Co. Ltd. Class A | 6,000 | 7 | |||
Shenzhen Click Technology Co. Ltd. Class A | 4,400 | 7 | ||||
QuakeSafe Technologies Co. Ltd. Class A | 3,839 | 7 | ||||
* | Autel Intelligent Technology Corp. Ltd. Class A | 2,499 | 7 | |||
Zhejiang Orient Gene Biotech Co. Ltd. Class A | 1,543 | 7 | ||||
Zhejiang Hailide New Material Co. Ltd. Class A | 12,000 | 7 | ||||
Jinlei Technology Co. Ltd. Class A | 2,700 | 7 |
Shares | Market Value• ($000) | |||||
* | Ningxia Zhongyin Cashmere Co. Ltd. Class A | 36,600 | 7 | |||
Suplet Power Co. Ltd. Class A | 4,550 | 7 | ||||
Jiangsu Boqian New Materials Stock Co. Ltd. Class A | 2,400 | 7 | ||||
KBC Corp. Ltd. Class A | 1,055 | 7 | ||||
Beijing Dahao Technology Corp. Ltd. Class A | 4,920 | 7 | ||||
Zhejiang Tiantie Industry Co. Ltd. Class A | 12,100 | 7 | ||||
Shenzhen Sunmoon Microelectronics Co. Ltd. Class A | 1,716 | 7 | ||||
Piesat Information Technology Co. Ltd. Class A | 1,895 | 7 | ||||
* | New Journey Health Technology Group Co. Ltd. Class A | 20,400 | 7 | |||
Shanghai Haoyuan Chemexpress Co. Ltd. Class A | 1,447 | 7 | ||||
Suzhou Recodeal Interconnect System Co. Ltd. Class A | 1,813 | 7 | ||||
Nantong Jiangshan Agrochemical & Chemical LLC Class A | 3,500 | 7 | ||||
* | Hytera Communications Corp. Ltd. Class A | 8,400 | 6 | |||
Luoniushan Co. Ltd. Class A | 7,800 | 6 | ||||
* | Beijing VRV Software Corp. Ltd. Class A | 10,400 | 6 | |||
Goldenmax International Group Ltd. Class A | 7,000 | 6 | ||||
Zhejiang Orient Financial Holdings Group Co. Ltd. Class A | 11,700 | 6 | ||||
* | CCCC Design & Consulting Group Co. Ltd. Class A | 4,300 | 6 | |||
Guangzhou Zhiguang Electric Co. Ltd. Class A | 7,900 | 6 | ||||
* | Zhejiang Tianyu Pharmaceutical Co. Ltd. Class A | 2,660 | 6 | |||
COFCO Biotechnology Co. Ltd. Class A | 7,000 | 6 | ||||
Monalisa Group Co. Ltd. Class A | 3,500 | 6 | ||||
Shandong Jincheng Pharmaceutical Group Co. Ltd. Class A | 2,800 | 6 |
Shares | Market Value• ($000) | |||||
Zhejiang Jiecang Linear Motion Technology Co. Ltd. Class A | 2,700 | 6 | ||||
* | Beijing Orient Landscape & Environment Co. Ltd. Class A | 29,100 | 6 | |||
* | Wuxi Boton Technology Co. Ltd. Class A | 2,600 | 6 | |||
* | Lancy Co. Ltd. Class A | 2,300 | 6 | |||
Ligao Foods Co. Ltd. Class A | 1,200 | 6 | ||||
Truking Technology Ltd. Class A | 4,900 | 6 | ||||
* | Great Chinasoft Technology Co. Ltd. Class A | 6,000 | 6 | |||
Shenzhen Das Intellitech Co. Ltd. Class A | 12,700 | 5 | ||||
Chengzhi Co. Ltd. Class A | 4,900 | 5 | ||||
* | Konka Group Co. Ltd. Class A | 10,500 | 5 | |||
Anhui Jinhe Industrial Co. Ltd. Class A | 2,000 | 5 | ||||
* | 5I5J Holding Group Co. Ltd. Class A | 20,800 | 5 | |||
ADAMA Ltd. Class A | 5,000 | 5 | ||||
Digital China Information Service Group Co. Ltd. Class A | 3,500 | 5 | ||||
Gansu Shangfeng Cement Co. Ltd. Class A | 4,920 | 5 | ||||
Hangzhou Onechance Tech Corp. Class A | 2,000 | 5 | ||||
Jenkem Technology Co. Ltd. Class A | 437 | 5 | ||||
* | Guizhou Zhongyida Co. Ltd. Class A | 6,000 | 5 | |||
* | Beijing North Star Co. Ltd. Class H | 44,000 | 4 | |||
Suzhou Gold Mantis Construction Decoration Co. Ltd. Class A | 9,000 | 4 | ||||
* | Shanying International Holding Co. Ltd. Class A | 15,900 | 4 | |||
Zhejiang Starry Pharmaceutical Co. Ltd. Class A | 2,800 | 4 | ||||
Client Service International Inc. Class A | 2,850 | 4 |
Shares | Market Value• ($000) | |||||
Anhui Huilong Agricultural Means of Production Co. Ltd. Class A | 6,100 | 4 | ||||
Shandong Head Group Co. Ltd. Class A | 2,000 | 4 | ||||
* | Jin Tong Ling Technology Group Co. Ltd. Class A | 12,200 | 4 | |||
* | Shanghai Bright Power Semiconductor Co. Ltd. Class A | 424 | 4 | |||
Maccura Biotechnology Co. Ltd. Class A | 1,500 | 3 | ||||
Wuhan Fingu Electronic Technology Co. Ltd. Class A | 2,100 | 3 | ||||
*,3 | Yango Group Co. Ltd. Class A | 15,800 | 1 | |||
*,3 | China Zhongwang Holdings Ltd. | 133,200 | — | |||
230,676 | ||||||
Colombia (0.0%) | ||||||
Bancolombia SA | 48,753 | 409 | ||||
Bancolombia SA ADR | 3,800 | 124 | ||||
533 | ||||||
Czech Republic (0.0%) | ||||||
Komercni Banka A/S | 14,587 | 508 | ||||
2 | Moneta Money Bank A/S | 78,199 | 343 | |||
851 | ||||||
Denmark (2.6%) | ||||||
Novo Nordisk A/S Class B | 519,008 | 61,952 | ||||
* | Vestas Wind Systems A/S | 167,563 | 4,670 | |||
DSV A/S | 28,982 | 4,650 | ||||
Novozymes A/S Class B | 60,566 | 3,416 | ||||
* | Genmab A/S | 10,946 | 3,041 | |||
Coloplast A/S Class B | 20,961 | 2,784 | ||||
Pandora A/S | 13,567 | 2,194 | ||||
AP Moller - Maersk A/S Class B | 1,109 | 1,574 | ||||
Tryg A/S | 54,702 | 1,163 | ||||
* | Zealand Pharma A/S | 9,526 | 919 | |||
Ringkjoebing Landbobank A/S | 5,292 | 908 | ||||
* | Demant A/S | 16,667 | 836 | |||
* | NKT A/S | 8,757 | 659 | |||
Jyske Bank A/S (Registered) | 8,067 | 653 | ||||
* | GN Store Nord A/S | 24,880 | 582 | |||
Sydbank A/S | 10,727 | 576 | ||||
* | Ambu A/S Class B | 29,903 | 523 | |||
ROCKWOOL A/S Class B | 1,301 | 416 | ||||
* | ALK-Abello A/S Class B | 19,927 | 372 |
Shares | Market Value• ($000) | |||||
* | Bavarian Nordic A/S | 11,332 | 257 | |||
Topdanmark A/S | 5,466 | 246 | ||||
*,2 | Netcompany Group A/S | 5,066 | 217 | |||
Alm Brand A/S | 109,972 | 207 | ||||
AP Moller - Maersk A/S Class A | 143 | 194 | ||||
D/S Norden A/S | 4,309 | 194 | ||||
H Lundbeck A/S | 38,008 | 184 | ||||
Spar Nord Bank A/S | 10,053 | 177 | ||||
Chemometec A/S | 2,439 | 174 | ||||
TORM plc Class A | 4,874 | 167 | ||||
Schouw & Co. A/S | 1,254 | 108 | ||||
Dfds A/S | 3,398 | 103 | ||||
* | NTG Nordic Transport Group A/S | 2,231 | 91 | |||
H Lundbeck A/S Class A | 15,796 | 69 | ||||
94,276 | ||||||
Egypt (0.0%) | ||||||
Commercial International Bank - Egypt (CIB) | 351,576 | 832 | ||||
* | EFG Holding S.A.E. | 224,472 | 137 | |||
Telecom Egypt Co. | 67,366 | 84 | ||||
Madinet Masr For Housing & Development | 298,477 | 45 | ||||
1,098 | ||||||
Finland (0.7%) | ||||||
Nordea Bank Abp | 570,159 | 6,939 | ||||
Sampo OYJ Class A | 75,110 | 3,361 | ||||
Nokia OYJ | 864,167 | 3,046 | ||||
UPM-Kymmene OYJ | 87,408 | 2,925 | ||||
Kone OYJ Class B | 54,955 | 2,691 | ||||
Stora Enso OYJ | 99,063 | 1,253 | ||||
Elisa OYJ | 25,358 | 1,142 | ||||
Kesko OYJ Class B | 48,599 | 929 | ||||
Valmet OYJ | 29,487 | 773 | ||||
Orion OYJ Class B | 17,157 | 675 | ||||
Huhtamaki OYJ | 13,827 | 543 | ||||
* | Mandatum OYJ | 80,076 | 352 | |||
Kojamo OYJ | 29,350 | 325 | ||||
TietoEVRY OYJ | 13,883 | 324 | ||||
Kemira OYJ | 16,586 | 299 | ||||
* | QT Group OYJ | 3,324 | 281 | |||
Nokian Renkaat OYJ | 22,781 | 208 | ||||
Tokmanni Group Corp. | 6,631 | 112 | ||||
2 | Terveystalo OYJ | 12,303 | 97 | |||
Revenio Group OYJ | 3,330 | 93 | ||||
Sanoma OYJ | 9,386 | 67 | ||||
Citycon OYJ | 10,816 | 46 | ||||
* | Finnair OYJ | 1,226,317 | 41 | |||
YIT OYJ | 17,941 | 31 | ||||
F-Secure OYJ | 15,991 | 31 |
Shares | Market Value• ($000) | |||||
Raisio OYJ | 10,911 | 23 | ||||
*,3 | Ahlstrom-Munksjo OYJ | 884 | 17 | |||
26,624 | ||||||
France (4.2%) | ||||||
L'Oreal SA | 38,424 | 18,354 | ||||
Sanofi SA | 180,640 | 17,218 | ||||
Hermes International SCA | 5,668 | 14,183 | ||||
EssilorLuxottica SA | 50,550 | 10,734 | ||||
AXA SA | 295,936 | 10,536 | ||||
BNP Paribas SA | 172,988 | 10,383 | ||||
Danone SA | 102,629 | 6,549 | ||||
Kering SA | 11,932 | 5,496 | ||||
STMicroelectronics NV | 108,133 | 4,910 | ||||
Legrand SA | 43,472 | 4,403 | ||||
Cie Generale des Etablissements Michelin SCA | 118,417 | 4,382 | ||||
Publicis Groupe SA | 38,417 | 4,065 | ||||
Orange SA | 306,759 | 3,516 | ||||
Societe Generale SA | 119,257 | 2,896 | ||||
Credit Agricole SA | 186,634 | 2,531 | ||||
Edenred SE | 42,124 | 2,084 | ||||
Carrefour SA | 91,789 | 1,542 | ||||
Accor SA | 31,325 | 1,361 | ||||
Renault SA | 30,731 | 1,283 | ||||
* | Unibail-Rodamco-Westfield | 17,473 | 1,278 | |||
Eurofins Scientific SE | 20,666 | 1,235 | ||||
Teleperformance SE | 9,859 | 1,224 | ||||
Vivendi SE | 109,021 | 1,218 | ||||
Sodexo SA | 14,725 | 1,175 | ||||
Sartorius Stedim Biotech | 4,057 | 1,117 | ||||
Rexel SA | 42,306 | 1,086 | ||||
Arkema SA | 10,359 | 1,074 | ||||
Getlink SE | 61,905 | 1,057 | ||||
Klepierre SA | 37,208 | 945 | ||||
Gecina SA | 9,664 | 933 | ||||
SCOR SE | 26,415 | 806 | ||||
BioMerieux | 6,899 | 754 | ||||
Elis SA | 32,738 | 748 | ||||
Aeroports de Paris SA | 5,239 | 713 | ||||
* | SOITEC | 4,306 | 630 | |||
Ipsen SA | 5,714 | 628 | ||||
2 | Amundi SA | 8,982 | 592 | |||
Sopra Steria Group | 2,142 | 549 | ||||
Wendel SE | 5,592 | 548 | ||||
SEB SA | 4,472 | 530 | ||||
* | Eurazeo SE | 5,773 | 488 | |||
*,2 | Worldline SA | 41,917 | 483 | |||
Covivio SA | 10,555 | 474 | ||||
SES SA Class A ADR | 66,074 | 428 | ||||
Valeo SE | 36,958 | 427 | ||||
* | Pluxee NV | 14,637 | 418 | |||
2 | Verallia SA | 10,675 | 395 |
Shares | Market Value• ($000) | |||||
* | Ubisoft Entertainment SA | 16,791 | 385 | |||
IPSOS SA | 5,456 | 381 | ||||
Rubis SCA | 14,163 | 372 | ||||
* | Forvia SE (XPAR) | 23,308 | 333 | |||
2 | Neoen SA | 10,498 | 263 | |||
Societe BIC SA | 3,244 | 234 | ||||
Virbac SACA | 653 | 234 | ||||
Eurazeo SE (XPAR) | 2,739 | 232 | ||||
* | JCDecaux SE | 9,912 | 205 | |||
* | Air France-KLM | 17,648 | 199 | |||
* | VusionGroup | 1,260 | 196 | |||
Coface SA | 13,403 | 192 | ||||
Trigano SA | 1,174 | 190 | ||||
2 | ALD SA | 29,044 | 178 | |||
Imerys SA | 5,164 | 163 | ||||
Peugeot Invest | 1,412 | 158 | ||||
Interparfums SA | 2,514 | 140 | ||||
* | Carmila SA | 7,818 | 125 | |||
Mercialys SA | 10,812 | 117 | ||||
Lagardere SA | 5,247 | 116 | ||||
ICADE | 3,864 | 115 | ||||
Metropole Television SA | 8,254 | 112 | ||||
Television Francaise 1 SA | 11,409 | 105 | ||||
* | ID Logistics Group SACA | 296 | 105 | |||
*,1 | Eutelsat Communications SACA | 26,152 | 97 | |||
Argan SA | 1,104 | 92 | ||||
Cie Plastic Omnium SE | 7,053 | 84 | ||||
Quadient SA | 3,391 | 72 | ||||
Antin Infrastructure Partners SA | 4,064 | 67 | ||||
Beneteau SACA | 4,558 | 61 | ||||
Nexity SA | 5,129 | 59 | ||||
* | Voltalia SA (Registered) | 7,203 | 56 | |||
*,1 | Valneva SE | 15,268 | 51 | |||
*,2 | X-Fab Silicon Foundries SE | 6,005 | 47 | |||
Fnac Darty SA | 1,500 | 45 | ||||
Vetoquinol SA | 410 | 45 | ||||
Derichebourg SA | 9,125 | 42 | ||||
* | Forvia SE (MTAA) | 2,833 | 41 | |||
* | OVH Groupe SAS | 4,002 | 41 | |||
*,2 | Elior Group SA | 15,833 | 39 | |||
* | Believe SA | 2,144 | 34 | |||
LISI SA (XPAR) | 1,270 | 33 | ||||
Vicat SACA | 723 | 28 | ||||
* | Euroapi SA | 6,766 | 28 | |||
Manitou BF SA | 983 | 24 | ||||
* | LISI SA | 928 | 24 | |||
Bonduelle SCA | 2,165 | 23 | ||||
1 | Clariane SE | 10,120 | 22 | |||
Altarea SCA | 275 | 20 | ||||
2 | Maisons du Monde SA | 4,411 | 20 |
Shares | Market Value• ($000) | |||||
GL Events SACA | 718 | 17 | ||||
Boiron SA | 374 | 14 | ||||
Jacquet Metals SACA | 618 | 12 | ||||
*,2 | SMCP SA | 3,555 | 10 | |||
*,2 | Aramis Group SAS | 2,503 | 10 | |||
Equasens | 152 | 8 | ||||
*,1 | Casino Guichard Perrachon SA | 4,805 | 2 | |||
154,497 | ||||||
Germany (5.0%) | ||||||
SAP SE | 181,747 | 34,058 | ||||
Allianz SE (Registered) | 65,936 | 18,110 | ||||
Deutsche Telekom AG (Registered) | 561,476 | 13,346 | ||||
Mercedes-Benz Group AG | 142,547 | 11,359 | ||||
Infineon Technologies AG | 216,351 | 7,768 | ||||
Deutsche Post AG | 164,925 | 7,658 | ||||
Deutsche Boerse AG | 30,625 | 6,411 | ||||
Bayerische Motoren Werke AG | 51,379 | 6,078 | ||||
adidas AG | 27,437 | 5,550 | ||||
Bayer AG (Registered) | 163,143 | 4,929 | ||||
Deutsche Bank AG (Registered) | 331,015 | 4,433 | ||||
Merck KGaA | 21,483 | 3,655 | ||||
Daimler Truck Holding AG | 88,049 | 3,597 | ||||
Vonovia SE | 115,191 | 3,215 | ||||
*,2 | Siemens Healthineers AG | 45,464 | 2,729 | |||
Hannover Rueck SE | 10,150 | 2,606 | ||||
Beiersdorf AG | 16,805 | 2,409 | ||||
Heidelberg Materials AG | 23,893 | 2,320 | ||||
Symrise AG Class A | 22,008 | 2,252 | ||||
Brenntag SE | 23,008 | 2,101 | ||||
Commerzbank AG | 174,893 | 2,025 | ||||
Fresenius SE & Co. KGaA | 68,989 | 1,932 | ||||
Henkel AG & Co. KGaA | 25,205 | 1,701 | ||||
*,2 | Covestro AG | 31,111 | 1,693 | |||
* | QIAGEN NV | 36,789 | 1,573 | |||
Continental AG | 18,358 | 1,473 | ||||
Fresenius Medical Care AG | 34,219 | 1,312 | ||||
GEA Group AG | 29,862 | 1,205 | ||||
2 | Scout24 SE | 12,940 | 941 | |||
* | LEG Immobilien SE | 12,762 | 940 | |||
Nemetschek SE | 9,291 | 890 | ||||
*,2 | Zalando SE | 37,220 | 788 | |||
* | Deutsche Lufthansa AG (Registered) | 101,219 | 787 | |||
Puma SE | 16,770 | 771 | ||||
Bechtle AG | 14,719 | 759 | ||||
Carl Zeiss Meditec AG | 6,163 | 757 |
Shares | Market Value• ($000) | |||||
*,2 | Delivery Hero SE Class A | 32,349 | 748 | |||
Knorr-Bremse AG | 10,541 | 738 | ||||
HUGO BOSS AG | 10,176 | 693 | ||||
Gerresheimer AG | 5,874 | 689 | ||||
Freenet AG | 24,217 | 653 | ||||
KION Group AG | 12,652 | 639 | ||||
Rational AG | 770 | 634 | ||||
Evonik Industries AG | 33,856 | 625 | ||||
Talanx AG | 7,940 | 567 | ||||
FUCHS SE | 14,506 | 506 | ||||
AIXTRON SE | 17,867 | 497 | ||||
K+S AG (Registered) | 33,602 | 469 | ||||
* | Evotec SE | 26,838 | 396 | |||
LANXESS AG | 15,133 | 383 | ||||
*,1 | MorphoSys AG | 5,355 | 378 | |||
* | HelloFresh SE | 26,996 | 375 | |||
*,2 | TeamViewer SE | 23,522 | 372 | |||
United Internet AG (Registered) | 14,972 | 363 | ||||
Siltronic AG | 3,695 | 346 | ||||
Aurubis AG | 5,306 | 336 | ||||
Stabilus SE | 4,878 | 322 | ||||
* | Fraport AG Frankfurt Airport Services Worldwide | 5,751 | 320 | |||
Krones AG | 2,409 | 298 | ||||
* | TAG Immobilien AG | 23,824 | 291 | |||
Hella GmbH & Co. KGaA | 3,181 | 281 | ||||
Jenoptik AG | 8,446 | 267 | ||||
Wacker Chemie AG | 2,306 | 252 | ||||
* | Nordex SE | 22,081 | 251 | |||
Stroeer SE & Co. KGaA | 3,948 | 221 | ||||
ProSiebenSat.1 Media SE | 33,053 | 217 | ||||
* | Encavis AG | 17,519 | 209 | |||
* | Aroundtown SA | 114,059 | 201 | |||
CANCOM SE | 6,384 | 188 | ||||
2 | Befesa SA | 5,842 | 187 | |||
RTL Group SA | 5,013 | 185 | ||||
*,2 | Redcare Pharmacy NV | 1,210 | 183 | |||
2 | DWS Group GmbH & Co. KGaA | 4,350 | 178 | |||
Kontron AG | 7,644 | 176 | ||||
Suedzucker AG | 11,157 | 158 | ||||
Salzgitter AG | 5,980 | 153 | ||||
Fielmann Group AG | 3,222 | 153 | ||||
* | Hypoport SE | 693 | 145 | |||
Duerr AG | 6,459 | 143 | ||||
* | flatexDEGIRO AG | 13,702 | 143 | |||
Deutsche Wohnen SE | 6,821 | 141 | ||||
PNE AG | 9,583 | 139 | ||||
Atoss Software AG | 530 | 137 | ||||
* | Synlab AG (XETR) | 12,621 | 135 | |||
Sixt SE | 1,407 | 132 |
Shares | Market Value• ($000) | |||||
* | Grand City Properties SA | 13,736 | 128 | |||
CompuGroup Medical SE & Co. KGaA | 3,988 | 127 | ||||
Deutz AG | 20,004 | 124 | ||||
1&1 AG | 6,154 | 114 | ||||
*,1 | Nagarro SE | 1,273 | 113 | |||
GRENKE AG | 4,528 | 111 | ||||
Eckert & Ziegler Strahlen- und Medizintechnik AG | 2,398 | 110 | ||||
* | Vitesco Technologies Group AG | 1,328 | 107 | |||
Elmos Semiconductor SE | 1,252 | 99 | ||||
METRO AG | 17,397 | 97 | ||||
Dermapharm Holding SE | 2,315 | 92 | ||||
* | SMA Solar Technology AG | 1,388 | 83 | |||
GFT Technologies SE | 2,312 | 81 | ||||
Wacker Neuson SE | 3,980 | 72 | ||||
Energiekontor AG | 948 | 69 | ||||
* | Hamburger Hafen und Logistik AG | 3,695 | 66 | |||
Hornbach Holding AG & Co. KGaA | 867 | 65 | ||||
Norma Group SE | 4,214 | 64 | ||||
Vossloh AG | 1,407 | 62 | ||||
Verbio SE | 3,048 | 62 | ||||
* | CECONOMY AG | 27,072 | 59 | |||
Draegerwerk AG & Co. KGaA | 1,290 | 58 | ||||
1,2 | Deutsche Pfandbriefbank AG | 13,314 | 55 | |||
*,2 | Auto1 Group SE | 14,476 | 54 | |||
*,1 | Varta AG | 3,157 | 51 | |||
* | Adtran Networks SE | 2,375 | 51 | |||
Deutsche Beteiligungs AG | 1,809 | 49 | ||||
BayWa AG | 1,543 | 48 | ||||
Adesso SE | 385 | 48 | ||||
STRATEC SE | 976 | 44 | ||||
Takkt AG | 2,938 | 43 | ||||
PATRIZIA SE | 5,145 | 41 | ||||
KWS Saat SE & Co. KGaA | 726 | 36 | ||||
Telefonica Deutschland Holding AG | 12,804 | 33 | ||||
* | About You Holding SE | 6,895 | 31 | |||
Secunet Security Networks AG | 181 | 30 | ||||
New Work SE | 399 | 27 | ||||
Basler AG | 1,584 | 19 | ||||
Deutsche EuroShop AG | 797 | 16 | ||||
Sartorius AG | 49 | 15 | ||||
ElringKlinger AG | 1,438 | 8 |
Shares | Market Value• ($000) | |||||
1 | BRANICKS Group AG | 5,723 | 8 | |||
Wuestenrot & Wuerttembergische AG | 318 | 5 | ||||
Hamburger Hafen und Logistik AG (XETR) | 195 | 4 | ||||
Synlab AG | 1 | — | ||||
183,023 | ||||||
Greece (0.1%) | ||||||
* | National Bank of Greece SA | 124,979 | 981 | |||
* | Eurobank Ergasias Services & Holdings SA | 440,976 | 912 | |||
* | Alpha Services & Holdings SA | 369,281 | 696 | |||
* | Piraeus Financial Holdings SA | 121,034 | 535 | |||
JUMBO SA | 16,759 | 490 | ||||
Hellenic Telecommunications Organization SA | 30,000 | 453 | ||||
Titan Cement International SA | 5,218 | 148 | ||||
* | Aegean Airlines SA | 9,423 | 128 | |||
Terna Energy SA | 6,176 | 111 | ||||
Hellenic Exchanges - Athens Stock Exchange SA | 17,518 | 104 | ||||
GEK Terna Holding Real Estate Construction SA | 5,870 | 90 | ||||
Fourlis Holdings SA | 18,266 | 84 | ||||
Sarantis SA | 4,643 | 46 | ||||
Autohellas Tourist & Trading SA | 2,922 | 43 | ||||
* | Ellaktor SA | 13,171 | 38 | |||
Holding Co. ADMIE IPTO SA | 12,993 | 32 | ||||
* | LAMDA Development SA | 3,908 | 29 | |||
Viohalco SA | 4,507 | 29 | ||||
Epsilon Net SA | 1,641 | 18 | ||||
Quest Holdings SA | 2,608 | 16 | ||||
4,983 | ||||||
Hong Kong (1.3%) | ||||||
AIA Group Ltd. | 1,909,400 | 15,392 | ||||
Hong Kong Exchanges & Clearing Ltd. | 210,800 | 6,492 | ||||
Sun Hung Kai Properties Ltd. | 241,500 | 2,430 | ||||
Techtronic Industries Co. Ltd. | 220,500 | 2,379 | ||||
Link REIT | 435,420 | 2,159 | ||||
BOC Hong Kong Holdings Ltd. | 616,500 | 1,620 | ||||
Hang Seng Bank Ltd. | 125,600 | 1,431 | ||||
Lenovo Group Ltd. | 1,262,000 | 1,394 |
Shares | Market Value• ($000) | |||||
Wharf Real Estate Investment Co. Ltd. | 266,000 | 886 | ||||
2 | WH Group Ltd. | 1,409,092 | 847 | |||
MTR Corp. Ltd. | 223,500 | 739 | ||||
*,2 | Samsonite International SA | 211,200 | 737 | |||
Sino Land Co. Ltd. | 638,000 | 687 | ||||
ASMPT Ltd. | 53,300 | 654 | ||||
2 | ESR Group Ltd. | 454,600 | 606 | |||
Hongkong Land Holdings Ltd. | 178,800 | 605 | ||||
Wharf Holdings Ltd. | 164,000 | 605 | ||||
PRADA SpA | 84,400 | 594 | ||||
Henderson Land Development Co. Ltd. | 184,400 | 531 | ||||
Swire Pacific Ltd. Class B | 360,000 | 468 | ||||
Want Want China Holdings Ltd. | 802,000 | 443 | ||||
PCCW Ltd. | 883,590 | 440 | ||||
Swire Properties Ltd. | 208,600 | 429 | ||||
Chow Tai Fook Jewellery Group Ltd. | 285,000 | 425 | ||||
SITC International Holdings Co. Ltd. | 237,000 | 390 | ||||
Hang Lung Properties Ltd. | 349,000 | 375 | ||||
Swire Pacific Ltd. Class A | 44,500 | 369 | ||||
Orient Overseas International Ltd. | 20,500 | 317 | ||||
AAC Technologies Holdings Inc. | 119,000 | 296 | ||||
Bank of East Asia Ltd. | 218,600 | 273 | ||||
L'Occitane International SA | 72,000 | 271 | ||||
Pacific Basin Shipping Ltd. | 763,000 | 222 | ||||
Hysan Development Co. Ltd. | 133,000 | 217 | ||||
2 | BOC Aviation Ltd. | 29,200 | 215 | |||
United Laboratories International Holdings Ltd. | 152,000 | 165 | ||||
* | Cathay Pacific Airways Ltd. | 144,181 | 156 | |||
Luk Fook Holdings International Ltd. | 55,180 | 148 | ||||
Man Wah Holdings Ltd. | 226,800 | 147 | ||||
* | Cowell e Holdings Inc. | 58,000 | 135 | |||
VTech Holdings Ltd. | 22,600 | 131 | ||||
Fortune REIT | 220,000 | 127 | ||||
First Pacific Co. Ltd. | 304,000 | 123 | ||||
Kerry Properties Ltd. | 72,500 | 119 | ||||
Vitasoy International Holdings Ltd. | 130,000 | 118 | ||||
* | MMG Ltd. | 408,000 | 109 |
Shares | Market Value• ($000) | |||||
Yue Yuen Industrial Holdings Ltd. | 103,000 | 107 | ||||
Hang Lung Group Ltd. | 84,000 | 98 | ||||
* | Shangri-La Asia Ltd. | 134,000 | 87 | |||
DFI Retail Group Holdings Ltd. | 39,400 | 83 | ||||
Giordano International Ltd. | 300,000 | 77 | ||||
* | IGG Inc. | 159,000 | 74 | |||
Stella International Holdings Ltd. | 53,500 | 74 | ||||
China Travel International Investment Hong Kong Ltd. | 412,000 | 71 | ||||
Johnson Electric Holdings Ltd. | 48,500 | 66 | ||||
Nexteer Automotive Group Ltd. | 142,000 | 65 | ||||
* | Vobile Group Ltd. | 247,000 | 57 | |||
Beijing Tong Ren Tang Chinese Medicine Co. Ltd. | 40,000 | 48 | ||||
*,2 | Everest Medicines Ltd. | 15,500 | 48 | |||
Champion REIT | 229,000 | 46 | ||||
Dah Sing Financial Holdings Ltd. | 22,000 | 46 | ||||
Kerry Logistics Network Ltd. | 39,500 | 44 | ||||
*,1 | Realord Group Holdings Ltd. | 64,000 | 44 | |||
Chow Sang Sang Holdings International Ltd. | 35,000 | 43 | ||||
Cafe de Coral Holdings Ltd. | 40,000 | 42 | ||||
HKBN Ltd. | 97,500 | 40 | ||||
* | Theme International Holdings Ltd. | 770,000 | 39 | |||
* | Hong Kong Technology Venture Co. Ltd. | 148,000 | 38 | |||
Dah Sing Banking Group Ltd. | 58,800 | 37 | ||||
SmarTone Telecommunications Holdings Ltd. | 65,000 | 34 | ||||
CITIC Telecom International Holdings Ltd. | 84,000 | 32 | ||||
2 | JS Global Lifestyle Co. Ltd. | 176,000 | 32 | |||
*,2 | FIT Hon Teng Ltd. | 221,000 | 29 | |||
Value Partners Group Ltd. | 129,000 | 28 | ||||
Hutchison Telecommunications Hong Kong Holdings Ltd. | 202,000 | 27 | ||||
VSTECS Holdings Ltd. | 52,000 | 27 |
Shares | Market Value• ($000) | |||||
Asia Cement China Holdings Corp. | 93,000 | 25 | ||||
LK Technology Holdings Ltd. | 57,500 | 25 | ||||
Far East Consortium International Ltd. | 168,000 | 24 | ||||
* | Texhong International Group Ltd. | 49,000 | 24 | |||
Truly International Holdings Ltd. | 258,000 | 23 | ||||
2 | IMAX China Holding Inc. | 24,100 | 21 | |||
*,2 | Jacobio Pharmaceuticals Group Co. Ltd. | 70,800 | 21 | |||
* | C-Mer Eye Care Holdings Ltd. | 52,000 | 20 | |||
*,2 | Fosun Tourism Group | 36,400 | 20 | |||
*,1 | Shun Tak Holdings Ltd. | 180,000 | 19 | |||
Prosperity REIT | 113,000 | 19 | ||||
*,2 | Sirnaomics Ltd. | 11,950 | 19 | |||
*,1 | Powerlong Real Estate Holdings Ltd. | 218,000 | 18 | |||
*,2 | Frontage Holdings Corp. | 82,000 | 17 | |||
*,1,3 | Kingkey Financial International Holdings Ltd. | 460,000 | 17 | |||
Texwinca Holdings Ltd. | 156,000 | 16 | ||||
Singamas Container Holdings Ltd. | 216,000 | 16 | ||||
* | Television Broadcasts Ltd. | 38,900 | 16 | |||
* | Sa Sa International Holdings Ltd. | 106,000 | 13 | |||
SUNeVision Holdings Ltd. | 33,000 | 11 | ||||
* | Esprit Holdings Ltd. | 357,471 | 11 | |||
Guotai Junan International Holdings Ltd. | 128,000 | 9 | ||||
K Wah International Holdings Ltd. | 26,000 | 7 | ||||
EC Healthcare | 31,000 | 6 | ||||
Sun Hung Kai & Co. Ltd. | 11,000 | 3 | ||||
*,1 | Apollo Future Mobility Group Ltd. | 43,200 | 3 | |||
49,422 | ||||||
Hungary (0.1%) | ||||||
OTP Bank Nyrt. | 38,984 | 1,870 | ||||
Richter Gedeon Nyrt. | 25,144 | 669 | ||||
Magyar Telekom Telecommunications plc | 55,008 | 125 | ||||
2,664 | ||||||
Iceland (0.0%) | ||||||
2 | Arion Banki HF | 240,114 | 267 | |||
Sjova-Almennar Tryggingar hf | 152,709 | 48 |
Shares | Market Value• ($000) | |||||
Vatryggingafelag Islands Hf | 226,296 | 30 | ||||
Siminn HF | 238,478 | 18 | ||||
363 | ||||||
India (5.0%) | ||||||
HDFC Bank Ltd. | 785,220 | 13,262 | ||||
Infosys Ltd. | 577,786 | 11,628 | ||||
Bharti Airtel Ltd. (XNSE) | 371,811 | 5,034 | ||||
Axis Bank Ltd. | 376,548 | 4,874 | ||||
Hindustan Unilever Ltd. | 147,124 | 4,281 | ||||
HCL Technologies Ltd. | 177,447 | 3,556 | ||||
Sun Pharmaceutical Industries Ltd. | 176,352 | 3,353 | ||||
ICICI Bank Ltd. | 253,616 | 3,221 | ||||
Bajaj Finance Ltd. | 39,647 | 3,093 | ||||
Maruti Suzuki India Ltd. | 22,004 | 2,995 | ||||
Titan Co. Ltd. | 68,431 | 2,991 | ||||
State Bank of India | 292,774 | 2,636 | ||||
Asian Paints Ltd. | 73,512 | 2,507 | ||||
Power Grid Corp. of India Ltd. | 681,975 | 2,330 | ||||
UltraTech Cement Ltd. | 18,590 | 2,218 | ||||
Adani Ports & Special Economic Zone Ltd. | 123,417 | 1,959 | ||||
* | Zomato Ltd. | 943,506 | 1,878 | |||
Nestle India Ltd. | 57,240 | 1,793 | ||||
* | Adani Green Energy Ltd. | 69,599 | 1,586 | |||
Cipla Ltd. | 87,254 | 1,558 | ||||
Grasim Industries Ltd. | 58,991 | 1,557 | ||||
Dr Reddy's Laboratories Ltd. | 19,845 | 1,539 | ||||
Tata Consumer Products Ltd. | 104,088 | 1,493 | ||||
Wipro Ltd. | 227,873 | 1,422 | ||||
Trent Ltd. | 30,201 | 1,411 | ||||
Shriram Finance Ltd. | 46,310 | 1,360 | ||||
2 | SBI Life Insurance Co. Ltd. | 68,385 | 1,278 | |||
Varun Beverages Ltd. | 74,163 | 1,260 | ||||
Bajaj Finserv Ltd. | 63,185 | 1,213 | ||||
Apollo Hospitals Enterprise Ltd. | 15,960 | 1,175 | ||||
Britannia Industries Ltd. | 19,089 | 1,144 | ||||
Hero MotoCorp Ltd. | 21,439 | 1,143 | ||||
2 | HDFC Life Insurance Co. Ltd. | 161,528 | 1,134 | |||
*,2 | Avenue Supermarts Ltd. | 23,805 | 1,124 | |||
Power Finance Corp. Ltd. | 231,534 | 1,120 | ||||
Max Healthcare Institute Ltd. | 112,232 | 1,074 | ||||
Bajaj Auto Ltd. | 11,215 | 1,069 | ||||
REC Ltd. | 198,578 | 1,057 | ||||
* | Suzlon Energy Ltd. | 1,922,171 | 1,047 | |||
Eicher Motors Ltd. | 22,603 | 1,033 | ||||
DLF Ltd. | 93,061 | 1,011 |
Shares | Market Value• ($000) | |||||
* | Yes Bank Ltd. | 3,339,275 | 982 | |||
* | TVS Motor Co. Ltd. | 35,854 | 924 | |||
Persistent Systems Ltd. | 8,787 | 914 | ||||
Indian Hotels Co. Ltd. Class A | 128,150 | 907 | ||||
Divi's Laboratories Ltd. | 21,133 | 889 | ||||
Godrej Consumer Products Ltd. | 58,149 | 880 | ||||
Ambuja Cements Ltd. | 115,783 | 846 | ||||
Cholamandalam Investment & Finance Co. Ltd. | 63,516 | 832 | ||||
*,2 | InterGlobe Aviation Ltd. | 21,871 | 830 | |||
2 | ICICI Lombard General Insurance Co. Ltd. | 39,834 | 823 | |||
Bosch Ltd. | 2,295 | 791 | ||||
Pidilite Industries Ltd. | 23,176 | 765 | ||||
2 | HDFC Asset Management Co. Ltd. | 16,657 | 754 | |||
Info Edge India Ltd. | 11,838 | 751 | ||||
Coforge Ltd. | 9,254 | 732 | ||||
Lupin Ltd. | 36,696 | 718 | ||||
Tube Investments of India Ltd. | 16,521 | 694 | ||||
Havells India Ltd. | 36,632 | 676 | ||||
SRF Ltd. | 23,167 | 668 | ||||
Colgate-Palmolive India Ltd. | 21,308 | 648 | ||||
Embassy Office Parks REIT | 134,639 | 606 | ||||
CG Power & Industrial Solutions Ltd. | 111,728 | 597 | ||||
Dabur India Ltd. | 91,286 | 593 | ||||
Bank of Baroda | 183,685 | 588 | ||||
Marico Ltd. | 89,032 | 561 | ||||
Adani Total Gas Ltd. | 45,818 | 561 | ||||
PI Industries Ltd. | 12,626 | 559 | ||||
Torrent Pharmaceuticals Ltd. | 17,244 | 556 | ||||
Indian Railway Catering & Tourism Corp. Ltd. | 47,910 | 536 | ||||
Voltas Ltd. | 40,053 | 535 | ||||
2 | Indian Railway Finance Corp. Ltd. | 302,861 | 535 | |||
Samvardhana Motherson International Ltd. | 370,247 | 532 | ||||
KPIT Technologies Ltd. | 28,085 | 531 | ||||
Federal Bank Ltd. | 288,374 | 523 | ||||
NHPC Ltd. | 489,870 | 519 | ||||
Tata Elxsi Ltd. | 5,517 | 519 | ||||
* | Delhivery Ltd. | 91,155 | 518 | |||
* | IDFC First Bank Ltd. | 520,672 | 509 | |||
APL Apollo Tubes Ltd. | 27,072 | 504 | ||||
Punjab National Bank | 342,065 | 501 | ||||
Supreme Industries Ltd. | 10,002 | 500 | ||||
NMDC Ltd. | 183,617 | 499 |
Shares | Market Value• ($000) | |||||
Aurobindo Pharma Ltd. | 40,137 | 498 | ||||
Phoenix Mills Ltd. | 14,951 | 496 | ||||
2 | Macrotech Developers Ltd. | 34,914 | 489 | |||
Alkem Laboratories Ltd. | 7,630 | 471 | ||||
UPL Ltd. | 82,058 | 465 | ||||
Mphasis Ltd. | 14,693 | 464 | ||||
* | Max Financial Services Ltd. | 39,681 | 463 | |||
Canara Bank | 67,689 | 460 | ||||
* | Indus Towers Ltd. | 148,928 | 454 | |||
Astral Ltd. | 17,818 | 445 | ||||
Dixon Technologies India Ltd. | 5,513 | 443 | ||||
2 | Sona Blw Precision Forgings Ltd. | 52,924 | 440 | |||
Bajaj Holdings & Investment Ltd. | 3,984 | 439 | ||||
ACC Ltd. | 13,561 | 430 | ||||
Bharti Airtel Ltd. | 48,474 | 422 | ||||
Zydus Lifesciences Ltd. | 37,093 | 421 | ||||
Ashok Leyland Ltd. | 203,119 | 416 | ||||
LIC Housing Finance Ltd. | 53,107 | 415 | ||||
Tata Communications Ltd. | 17,870 | 414 | ||||
* | FSN E-Commerce Ventures Ltd. | 218,788 | 413 | |||
2 | ICICI Prudential Life Insurance Co. Ltd. | 63,255 | 407 | |||
Polycab India Ltd. | 7,114 | 407 | ||||
Union Bank of India Ltd. | 228,169 | 402 | ||||
Page Industries Ltd. | 956 | 396 | ||||
Fortis Healthcare Ltd. | 78,951 | 388 | ||||
* | KEI Industries Ltd. | 10,031 | 388 | |||
SBI Cards & Payment Services Ltd. | 42,716 | 371 | ||||
* | GMR Airports Infrastructure Ltd. | 365,000 | 369 | |||
2 | AU Small Finance Bank Ltd. | 53,712 | 368 | |||
Balkrishna Industries Ltd. | 13,507 | 363 | ||||
IIFL Finance Ltd. | 50,183 | 357 | ||||
Blue Star Ltd. | 23,261 | 356 | ||||
Berger Paints India Ltd. | 46,816 | 343 | ||||
Apollo Tyres Ltd. | 54,622 | 341 | ||||
Jubilant Foodworks Ltd. | 59,920 | 335 | ||||
360 ONE WAM Ltd. | 38,635 | 334 | ||||
Mahindra & Mahindra Financial Services Ltd. | 96,880 | 330 | ||||
Indraprastha Gas Ltd. | 64,138 | 329 | ||||
BSE Ltd. | 11,437 | 327 | ||||
AIA Engineering Ltd. | 7,314 | 322 | ||||
Oracle Financial Services Software Ltd. | 3,462 | 320 | ||||
Muthoot Finance Ltd. | 20,300 | 318 |
Shares | Market Value• ($000) | |||||
Crompton Greaves Consumer Electricals Ltd. | 90,905 | 318 | ||||
Sonata Software Ltd. | 31,458 | 307 | ||||
Deepak Nitrite Ltd. | 11,462 | 305 | ||||
Dalmia Bharat Ltd. | 12,429 | 304 | ||||
Brigade Enterprises Ltd. | 25,197 | 303 | ||||
* | IDFC Ltd. | 209,109 | 293 | |||
2 | Bandhan Bank Ltd. | 124,169 | 292 | |||
Ipca Laboratories Ltd. | 20,194 | 290 | ||||
Computer Age Management Services Ltd. | 7,793 | 288 | ||||
Kotak Mahindra Bank Ltd. | 14,125 | 287 | ||||
Amara Raja Energy & Mobility Ltd. | 28,315 | 286 | ||||
2 | Laurus Labs Ltd. | 58,314 | 286 | |||
Carborundum Universal Ltd. | 21,857 | 282 | ||||
Oberoi Realty Ltd. | 17,079 | 276 | ||||
Gujarat Fluorochemicals Ltd. | 6,143 | 274 | ||||
Prestige Estates Projects Ltd. | 19,398 | 273 | ||||
* | One 97 Communications Ltd. | 55,919 | 271 | |||
Angel One Ltd. | 7,915 | 266 | ||||
Elgi Equipments Ltd. | 33,761 | 266 | ||||
Thermax Ltd. | 6,011 | 263 | ||||
Schaeffler India Ltd. | 7,534 | 263 | ||||
Rail Vikas Nigam Ltd. | 89,224 | 263 | ||||
NCC Ltd. | 87,842 | 262 | ||||
*,2 | Krishna Institute of Medical Sciences Ltd. | 9,647 | 262 | |||
Sundram Fasteners Ltd. | 19,854 | 256 | ||||
2 | RBL Bank Ltd. | 81,059 | 254 | |||
Cholamandalam Financial Holdings Ltd. | 20,025 | 253 | ||||
Tata Chemicals Ltd. | 22,342 | 252 | ||||
* | Zee Entertainment Enterprises Ltd. | 129,541 | 251 | |||
Birlasoft Ltd. | 26,813 | 251 | ||||
JK Cement Ltd. | 4,602 | 250 | ||||
Redington Ltd. | 99,304 | 247 | ||||
Glenmark Pharmaceuticals Ltd. | 21,865 | 244 | ||||
Coromandel International Ltd. | 18,638 | 242 | ||||
Aarti Industries Ltd. | 30,604 | 242 | ||||
Biocon Ltd. | 72,396 | 241 | ||||
EIH Ltd. | 49,359 | 240 | ||||
Bank of India | 150,769 | 238 | ||||
Indian Bank | 37,677 | 238 | ||||
Narayana Hrudayalaya Ltd. | 14,714 | 238 |
Shares | Market Value• ($000) | |||||
Central Depository Services India Ltd. | 10,163 | 235 | ||||
Mahanagar Gas Ltd. | 12,969 | 232 | ||||
National Aluminium Co. Ltd. | 120,978 | 227 | ||||
Exide Industries Ltd. | 58,485 | 225 | ||||
Gujarat Gas Ltd. | 32,791 | 224 | ||||
Natco Pharma Ltd. | 18,535 | 222 | ||||
GlaxoSmithKline Pharmaceuticals Ltd. | 8,441 | 221 | ||||
JB Chemicals & Pharmaceuticals Ltd. | 11,620 | 219 | ||||
Kajaria Ceramics Ltd. | 14,110 | 217 | ||||
Motherson Sumi Wiring India Ltd. | 257,220 | 217 | ||||
IRB Infrastructure Developers Ltd. | 281,663 | 213 | ||||
Poonawalla Fincorp Ltd. | 37,551 | 211 | ||||
Escorts Kubota Ltd. | 6,114 | 210 | ||||
Intellect Design Arena Ltd. | 15,767 | 210 | ||||
Linde India Ltd. | 3,212 | 209 | ||||
CRISIL Ltd. | 3,429 | 207 | ||||
Emami Ltd. | 36,251 | 203 | ||||
KEC International Ltd. | 23,123 | 202 | ||||
Manappuram Finance Ltd. | 93,394 | 199 | ||||
* | Vodafone Idea Ltd. | 1,202,030 | 198 | |||
SKF India Ltd. | 3,474 | 198 | ||||
Piramal Enterprises Ltd. | 17,879 | 197 | ||||
* | Aditya Birla Capital Ltd. | 88,884 | 197 | |||
Grindwell Norton Ltd. | 7,784 | 196 | ||||
2 | Nippon Life India Asset Management Ltd. | 31,168 | 194 | |||
Karur Vysya Bank Ltd. | 87,116 | 193 | ||||
Bayer CropScience Ltd. | 2,800 | 192 | ||||
2 | Syngene International Ltd. | 22,167 | 189 | |||
Navin Fluorine International Ltd. | 5,160 | 188 | ||||
Great Eastern Shipping Co. Ltd. | 15,222 | 185 | ||||
Atul Ltd. | 2,438 | 183 | ||||
Kalyan Jewellers India Ltd. | 38,080 | 183 | ||||
Gujarat Pipavav Port Ltd. | 72,173 | 182 | ||||
UNO Minda Ltd. | 22,490 | 181 | ||||
* | CreditAccess Grameen Ltd. | 10,221 | 181 | |||
*,2 | Lemon Tree Hotels Ltd. | 107,192 | 180 | |||
Can Fin Homes Ltd. | 19,134 | 179 | ||||
V-Guard Industries Ltd. | 45,528 | 178 | ||||
* | Suven Pharmaceuticals Ltd. | 23,094 | 175 | |||
Sobha Ltd. | 9,172 | 173 | ||||
Whirlpool of India Ltd. | 11,377 | 172 |
Shares | Market Value• ($000) | |||||
Gujarat State Petronet Ltd. | 38,286 | 170 | ||||
Chambal Fertilisers & Chemicals Ltd. | 39,969 | 169 | ||||
*,2 | Aster DM Healthcare Ltd. | 29,394 | 168 | |||
Kalpataru Projects International Ltd. | 14,467 | 168 | ||||
Himadri Speciality Chemical Ltd. | 37,769 | 168 | ||||
* | PVR Inox Ltd. | 10,128 | 167 | |||
Ajanta Pharma Ltd. | 6,240 | 166 | ||||
Finolex Cables Ltd. | 14,765 | 164 | ||||
Indiabulls Housing Finance Ltd. | 71,989 | 164 | ||||
PNC Infratech Ltd. | 31,815 | 164 | ||||
PTC India Ltd. | 66,473 | 162 | ||||
Multi Commodity Exchange of India Ltd. | 3,581 | 162 | ||||
Finolex Industries Ltd. | 61,665 | 162 | ||||
Poly Medicure Ltd. | 8,476 | 160 | ||||
* | Global Health Ltd. | 9,699 | 160 | |||
2 | ICICI Securities Ltd. | 16,101 | 159 | |||
Mastek Ltd. | 4,512 | 159 | ||||
Ceat Ltd. | 4,588 | 158 | ||||
2 | Mindspace Business Parks REIT | 38,203 | 157 | |||
Zensar Technologies Ltd. | 23,716 | 157 | ||||
Welspun Corp. Ltd. | 25,124 | 155 | ||||
*,2 | PNB Housing Finance Ltd. | 18,371 | 154 | |||
JBM Auto Ltd. | 5,916 | 154 | ||||
Motilal Oswal Financial Services Ltd. | 7,879 | 153 | ||||
2 | Dr Lal PathLabs Ltd. | 5,395 | 153 | |||
KPR Mill Ltd. | 16,373 | 152 | ||||
UTI Asset Management Co. Ltd. | 13,965 | 151 | ||||
Lakshmi Machine Works Ltd. | 860 | 150 | ||||
Strides Pharma Science Ltd. | 15,586 | 148 | ||||
2 | Indian Energy Exchange Ltd. | 86,389 | 148 | |||
* | Aditya Birla Fashion & Retail Ltd. | 54,020 | 147 | |||
Kansai Nerolac Paints Ltd. | 42,100 | 147 | ||||
Olectra Greentech Ltd. | 6,209 | 147 | ||||
* | Godrej Industries Ltd. | 14,866 | 144 | |||
Granules India Ltd. | 25,705 | 144 | ||||
AstraZeneca Pharma India Ltd. | 2,143 | 143 | ||||
Jindal Saw Ltd. | 24,514 | 141 | ||||
* | Amber Enterprises India Ltd. | 3,167 | 141 | |||
2 | Equitas Small Finance Bank Ltd. | 117,793 | 141 |
Shares | Market Value• ($000) | |||||
Bata India Ltd. | 8,230 | 140 | ||||
2 | New India Assurance Co. Ltd. | 44,883 | 139 | |||
Century Textiles & Industries Ltd. | 8,117 | 138 | ||||
NBCC India Ltd. | 85,173 | 138 | ||||
eClerx Services Ltd. | 4,494 | 137 | ||||
Avanti Feeds Ltd. | 22,146 | 135 | ||||
Tanla Platforms Ltd. | 11,484 | 135 | ||||
Westlife Foodworld Ltd. | 14,918 | 135 | ||||
JK Lakshmi Cement Ltd. | 12,222 | 135 | ||||
* | Affle India Ltd. | 10,011 | 135 | |||
Hindustan Zinc Ltd. | 36,232 | 134 | ||||
City Union Bank Ltd. | 82,480 | 134 | ||||
Rainbow Children's Medicare Ltd. | 8,178 | 134 | ||||
Aptus Value Housing Finance India Ltd. | 31,288 | 133 | ||||
* | NMDC Steel Ltd. | 178,548 | 132 | |||
* | Indiabulls Real Estate Ltd. | 90,985 | 131 | |||
2 | Godrej Agrovet Ltd. | 21,051 | 130 | |||
Hitachi Energy India Ltd. | 1,796 | 130 | ||||
Akzo Nobel India Ltd. | 4,270 | 129 | ||||
* | Piramal Pharma Ltd. | 80,405 | 128 | |||
Triveni Turbine Ltd. | 21,258 | 128 | ||||
Zydus Wellnes Ltd. | 6,698 | 127 | ||||
2 | IndiaMart InterMesh Ltd. | 3,961 | 127 | |||
Bombay Burmah Trading Co. | 6,039 | 126 | ||||
* | Aavas Financiers Ltd. | 7,197 | 126 | |||
* | TeamLease Services Ltd. | 3,463 | 126 | |||
* | Devyani International Ltd. | 67,918 | 125 | |||
Sumitomo Chemical India Ltd. | 27,465 | 124 | ||||
Vedant Fashions Ltd. | 9,932 | 123 | ||||
EID Parry India Ltd. | 15,993 | 121 | ||||
Gateway Distriparks Ltd. | 93,087 | 121 | ||||
Ramkrishna Forgings Ltd. | 12,855 | 121 | ||||
Care Ratings Ltd. | 8,336 | 117 | ||||
Balrampur Chini Mills Ltd. | 25,755 | 116 | ||||
Relaxo Footwears Ltd. | 11,513 | 116 | ||||
Edelweiss Financial Services Ltd. | 125,759 | 115 | ||||
Infibeam Avenues Ltd. | 261,334 | 115 | ||||
Pfizer Ltd. | 2,032 | 113 | ||||
Kaveri Seed Co. Ltd. | 14,129 | 113 | ||||
Raymond Ltd. | 5,086 | 112 | ||||
JM Financial Ltd. | 96,994 | 112 | ||||
Bajaj Electricals Ltd. | 9,251 | 111 |
Shares | Market Value• ($000) | |||||
Jubilant Pharmova Ltd. Class A | 15,700 | 107 | ||||
* | Medplus Health Services Ltd. | 12,612 | 106 | |||
Asahi India Glass Ltd. | 16,150 | 104 | ||||
ZF Commercial Vehicle Control Systems India Ltd. | 591 | 103 | ||||
Welspun Living Ltd. | 55,556 | 103 | ||||
CCL Products India Ltd. | 13,601 | 103 | ||||
Karnataka Bank Ltd. | 36,222 | 99 | ||||
Birla Corp. Ltd. | 4,984 | 98 | ||||
Alembic Pharmaceuticals Ltd. | 7,940 | 97 | ||||
* | Alok Industries Ltd. | 280,185 | 97 | |||
Firstsource Solutions Ltd. | 38,991 | 96 | ||||
Trident Ltd. | 187,460 | 96 | ||||
Graphite India Ltd. | 13,217 | 95 | ||||
2 | General Insurance Corp. of India | 20,787 | 95 | |||
Happiest Minds Technologies Ltd. | 9,337 | 95 | ||||
Gujarat Narmada Valley Fertilizers & Chemicals Ltd. | 12,367 | 95 | ||||
Usha Martin Ltd. | 23,995 | 95 | ||||
VIP Industries Ltd. | 14,063 | 94 | ||||
South Indian Bank Ltd. | 238,605 | 93 | ||||
* | IFCI Ltd. | 166,017 | 92 | |||
Bajaj Consumer Care Ltd. | 32,552 | 92 | ||||
DCB Bank Ltd. | 58,935 | 91 | ||||
2 | Endurance Technologies Ltd. | 4,052 | 91 | |||
EPL Ltd. | 39,713 | 90 | ||||
* | Tata Teleservices Maharashtra Ltd. | 85,777 | 90 | |||
*,2 | Tejas Networks Ltd. | 9,976 | 90 | |||
* | V-Mart Retail Ltd. | 3,833 | 88 | |||
Vardhman Textiles Ltd. | 16,852 | 87 | ||||
Gujarat State Fertilizers & Chemicals Ltd. | 33,039 | 87 | ||||
2 | Metropolis Healthcare Ltd. | 4,469 | 86 | |||
CIE Automotive India Ltd. | 16,024 | 85 | ||||
2 | Quess Corp. Ltd. | 13,750 | 85 | |||
Century Plyboards India Ltd. | 9,875 | 84 | ||||
* | Rajesh Exports Ltd. | 22,377 | 83 | |||
DCM Shriram Ltd. | 7,257 | 83 | ||||
Vaibhav Global Ltd. | 16,246 | 83 | ||||
Route Mobile Ltd. | 4,308 | 83 | ||||
IDBI Bank Ltd. | 78,888 | 82 | ||||
Vinati Organics Ltd. | 3,971 | 80 | ||||
KNR Constructions Ltd. | 24,359 | 79 |
Shares | Market Value• ($000) | |||||
* | Restaurant Brands Asia Ltd. | 60,920 | 79 | |||
Garware Technical Fibres Ltd. | 1,797 | 79 | ||||
* | Sun Pharma Advanced Research Co. Ltd. | 17,747 | 78 | |||
Mahindra Lifespace Developers Ltd. | 11,232 | 78 | ||||
Cera Sanitaryware Ltd. | 852 | 78 | ||||
Rallis India Ltd. | 25,921 | 77 | ||||
Alkyl Amines Chemicals | 2,943 | 76 | ||||
Sterlite Technologies Ltd. | 45,252 | 75 | ||||
NOCIL Ltd. | 23,823 | 75 | ||||
Safari Industries India Ltd. | 3,028 | 74 | ||||
KRBL Ltd. | 17,921 | 70 | ||||
Procter & Gamble Health Ltd. | 1,146 | 70 | ||||
Orient Electric Ltd. | 27,671 | 70 | ||||
BASF India Ltd. | 1,770 | 70 | ||||
Saregama India Ltd. | 14,041 | 68 | ||||
Craftsman Automation Ltd. | 1,356 | 68 | ||||
* | Borosil Renewables Ltd. | 10,389 | 67 | |||
* | Chemplast Sanmar Ltd. | 11,255 | 64 | |||
* | Just Dial Ltd. | 5,648 | 63 | |||
Jubilant Ingrevia Ltd. | 10,447 | 61 | ||||
Balaji Amines Ltd. | 2,333 | 61 | ||||
Clean Science & Technology Ltd. | 3,557 | 61 | ||||
Fine Organic Industries Ltd. | 1,161 | 61 | ||||
ION Exchange India Ltd. | 10,435 | 61 | ||||
* | Capri Global Capital Ltd. | 5,259 | 61 | |||
Deepak Fertilisers & Petrochemicals Corp. Ltd. | 9,893 | 60 | ||||
Rain Industries Ltd. | 26,663 | 59 | ||||
Symphony Ltd. | 5,587 | 59 | ||||
TTK Prestige Ltd. | 6,540 | 59 | ||||
Rhi Magnesita India Ltd. | 8,586 | 59 | ||||
* | Nuvoco Vistas Corp. Ltd. | 14,469 | 58 | |||
Blue Dart Express Ltd. | 789 | 57 | ||||
* | Sapphire Foods India Ltd. | 3,122 | 57 | |||
* | Brightcom Group Ltd. | 264,240 | 55 | |||
JK Paper Ltd. | 12,236 | 55 | ||||
* | TV18 Broadcast Ltd. | 71,623 | 51 | |||
* | Nazara Technologies Ltd. | 5,485 | 49 | |||
Galaxy Surfactants Ltd. | 1,566 | 48 | ||||
GMM Pfaudler Ltd. | 2,987 | 47 | ||||
* | Sheela Foam Ltd. | 3,563 | 45 | |||
Allcargo Logistics Ltd. | 43,908 | 45 | ||||
* | Dhani Services Ltd. | 84,039 | 39 | |||
Polyplex Corp. Ltd. | 3,353 | 35 | ||||
Vakrangee Ltd. | 86,136 | 26 |
Shares | Market Value• ($000) | |||||
* | Campus Activewear Ltd. | 8,205 | 24 | |||
NIIT Ltd. | 13,822 | 21 | ||||
183,895 | ||||||
Indonesia (0.6%) | ||||||
Bank Central Asia Tbk. PT | 9,203,516 | 5,791 | ||||
Bank Rakyat Indonesia Persero Tbk. PT | 11,689,096 | 4,555 | ||||
Bank Mandiri Persero Tbk. PT | 7,405,040 | 3,308 | ||||
Telkom Indonesia Persero Tbk. PT | 7,788,600 | 1,985 | ||||
Bank Negara Indonesia Persero Tbk. PT | 2,599,800 | 994 | ||||
Sumber Alfaria Trijaya Tbk. PT | 3,015,100 | 528 | ||||
Charoen Pokphand Indonesia Tbk. PT | 1,251,300 | 386 | ||||
* | Merdeka Copper Gold Tbk. PT | 2,390,200 | 344 | |||
Indofood Sukses Makmur Tbk. PT | 693,500 | 292 | ||||
Kalbe Farma Tbk. PT | 2,891,600 | 274 | ||||
Indofood CBP Sukses Makmur Tbk. PT | 338,500 | 250 | ||||
Barito Pacific Tbk. PT | 3,954,274 | 246 | ||||
Indah Kiat Pulp & Paper Tbk. PT | 404,000 | 225 | ||||
Sarana Menara Nusantara Tbk. PT | 3,568,400 | 209 | ||||
Indosat Tbk. PT | 269,200 | 196 | ||||
* | Bumi Resources Minerals Tbk. PT | 20,050,700 | 184 | |||
Ciputra Development Tbk. PT | 1,970,300 | 159 | ||||
Unilever Indonesia Tbk. PT | 893,100 | 155 | ||||
Dayamitra Telekomunikasi PT | 3,675,800 | 149 | ||||
Mitra Keluarga Karyasehat Tbk. PT | 878,600 | 144 | ||||
Indocement Tunggal Prakarsa Tbk. PT | 236,800 | 137 | ||||
XL Axiata Tbk. PT | 903,550 | 137 | ||||
Elang Mahkota Teknologi Tbk. PT | 4,514,400 | 135 | ||||
Mitra Adiperkasa Tbk. PT | 1,091,500 | 133 | ||||
Summarecon Agung Tbk. PT | 3,082,006 | 108 | ||||
PT Tower Bersama Infrastructure Tbk. | 873,092 | 103 | ||||
BFI Finance Indonesia Tbk. PT | 1,111,600 | 98 | ||||
* | Bukalapak.com PT Tbk. | 9,501,000 | 95 | |||
Jasa Marga Persero Tbk. PT | 260,000 | 90 | ||||
Avia Avian Tbk. PT | 2,306,500 | 87 |
Shares | Market Value• ($000) | |||||
Bank Syariah Indonesia Tbk. PT | 534,000 | 84 | ||||
Japfa Comfeed Indonesia Tbk. PT | 1,080,400 | 79 | ||||
Map Aktif Adiperkasa PT | 1,073,200 | 75 | ||||
* | Bumi Serpong Damai Tbk. PT | 1,078,700 | 70 | |||
Mayora Indah Tbk. PT | 434,500 | 68 | ||||
Ace Hardware Indonesia Tbk. PT | 1,262,600 | 67 | ||||
Vale Indonesia Tbk. PT | 256,700 | 66 | ||||
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk. PT | 865,526 | 66 | ||||
Pakuwon Jati Tbk. PT | 2,457,700 | 63 | ||||
Matahari Department Store Tbk. PT | 534,600 | 61 | ||||
* | Panin Financial Tbk. PT | 3,652,100 | 60 | |||
* | Bank Pan Indonesia Tbk. PT | 809,000 | 58 | |||
* | Smartfren Telecom Tbk. PT | 16,193,800 | 55 | |||
* | Bank Bukopin Tbk. PT | 9,900,640 | 49 | |||
*,3 | Waskita Karya Persero Tbk. PT | 3,046,719 | 39 | |||
Industri Jamu Dan Farmasi Sido Muncul Tbk. PT | 872,600 | 34 | ||||
* | Adhi Karya Persero Tbk. PT | 1,777,943 | 33 | |||
* | Global Mediacom Tbk. PT | 2,154,300 | 33 | |||
Bank Tabungan Negara Persero Tbk. PT | 342,048 | 31 | ||||
Ramayana Lestari Sentosa Tbk. PT | 945,400 | 30 | ||||
Surya Citra Media Tbk. PT | 2,787,300 | 26 | ||||
Bank BTPN Syariah Tbk. PT | 276,900 | 24 | ||||
* | Bank Neo Commerce Tbk. PT | 1,417,538 | 22 | |||
Bank Danamon Indonesia Tbk. PT | 109,100 | 20 | ||||
* | Lippo Karawaci Tbk. PT | 3,991,800 | 19 | |||
* | Alam Sutera Realty Tbk. PT | 1,777,500 | 18 | |||
Astra Agro Lestari Tbk. PT | 38,600 | 16 | ||||
Media Nusantara Citra Tbk. PT | 608,900 | 13 | ||||
*,3 | Wijaya Karya Persero Tbk. PT | 489,100 | 7 | |||
* | Bank Raya Indonesia Tbk. PT | 373,851 | 6 | |||
22,789 | ||||||
Ireland (0.2%) | ||||||
Kingspan Group plc | 25,445 | 2,301 |
Shares | Market Value• ($000) | |||||
Kerry Group plc Class A | 25,835 | 2,269 | ||||
Bank of Ireland Group plc | 178,138 | 1,556 | ||||
AIB Group plc | 232,533 | 1,079 | ||||
Glanbia plc (XDUB) | 25,873 | 469 | ||||
Dalata Hotel Group plc | 22,784 | 111 | ||||
Glanbia plc (XLON) | 28 | — | ||||
7,785 | ||||||
Israel (0.4%) | ||||||
* | Nice Ltd. | 10,647 | 2,605 | |||
Bank Hapoalim BM | 230,660 | 2,209 | ||||
Bank Leumi Le-Israel BM | 258,931 | 2,171 | ||||
Israel Discount Bank Ltd. Class A | 217,869 | 1,137 | ||||
Mizrahi Tefahot Bank Ltd. | 24,238 | 959 | ||||
* | Nova Ltd. | 4,555 | 779 | |||
* | Tower Semiconductor Ltd. | 19,124 | 630 | |||
Bezeq The Israeli Telecommunication Corp. Ltd. | 346,004 | 467 | ||||
Azrieli Group Ltd. | 6,235 | 452 | ||||
First International Bank of Israel Ltd. | 8,825 | 381 | ||||
* | Camtek Ltd. | 4,408 | 356 | |||
* | Enlight Renewable Energy Ltd. | 18,273 | 316 | |||
* | Shufersal Ltd. | 40,795 | 291 | |||
Phoenix Holdings Ltd. | 22,910 | 247 | ||||
* | Big Shopping Centers Ltd. | 2,153 | 238 | |||
Reit 1 Ltd. | 51,819 | 236 | ||||
* | Clal Insurance Enterprises Holdings Ltd. | 9,523 | 182 | |||
Alony Hetz Properties & Investments Ltd. | 22,920 | 168 | ||||
* | Harel Insurance Investments & Financial Services Ltd. | 16,468 | 164 | |||
Sapiens International Corp. NV | 4,900 | 151 | ||||
* | Perion Network Ltd. | 6,614 | 151 | |||
* | Shikun & Binui Ltd. | 48,818 | 131 | |||
* | Strauss Group Ltd. | 6,048 | 120 | |||
Mega Or Holdings Ltd. | 4,166 | 109 | ||||
Isracard Ltd. | 27,519 | 108 | ||||
Hilan Ltd. | 1,863 | 107 | ||||
Electra Ltd. | 245 | 106 | ||||
One Software Technologies Ltd. | 7,504 | 103 | ||||
Matrix IT Ltd. | 4,483 | 94 | ||||
* | Partner Communications Co. Ltd. | 18,911 | 92 |
Shares | Market Value• ($000) | |||||
Sella Capital Real Estate Ltd. | 38,179 | 85 | ||||
Ashtrom Group Ltd. | 4,929 | 81 | ||||
FIBI Holdings Ltd. | 1,731 | 78 | ||||
Fox Wizel Ltd. | 893 | 75 | ||||
Israel Canada T.R Ltd. | 19,092 | 75 | ||||
IDI Insurance Co. Ltd. | 2,191 | 72 | ||||
Danel Adir Yeoshua Ltd. | 724 | 72 | ||||
Maytronics Ltd. | 6,590 | 72 | ||||
Delta Galil Ltd. | 1,506 | 71 | ||||
* | Cellcom Israel Ltd. | 15,170 | 67 | |||
* | Kamada Ltd. | 10,240 | 65 | |||
Menora Mivtachim Holdings Ltd. | 2,250 | 63 | ||||
Summit Real Estate Holdings Ltd. | 4,301 | 58 | ||||
Elco Ltd. | 1,586 | 58 | ||||
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. | 890 | 55 | ||||
AudioCodes Ltd. | 3,589 | 49 | ||||
* | AFI Properties Ltd. | 1,025 | 47 | |||
* | G City Ltd. | 11,329 | 36 | |||
16,439 | ||||||
Italy (1.8%) | ||||||
UniCredit SpA | 287,710 | 9,637 | ||||
Ferrari NV | 19,633 | 8,286 | ||||
Intesa Sanpaolo SpA | 2,582,216 | 8,223 | ||||
Stellantis NV | 280,795 | 7,346 | ||||
Assicurazioni Generali SpA | 207,919 | 4,932 | ||||
Moncler SpA | 34,366 | 2,478 | ||||
Stellantis NV (XPAR) | 73,590 | 1,924 | ||||
Terna - Rete Elettrica Nazionale | 239,932 | 1,880 | ||||
Mediobanca Banca di Credito Finanziario SpA | 112,328 | 1,530 | ||||
FinecoBank Banca Fineco SpA | 103,477 | 1,434 | ||||
Banco BPM SpA | 233,681 | 1,360 | ||||
*,2 | Nexi SpA | 131,486 | 965 | |||
Recordati Industria Chimica e Farmaceutica SpA | 16,985 | 951 | ||||
2 | Poste Italiane SpA | 66,567 | 781 | |||
Amplifon SpA | 21,691 | 724 | ||||
Interpump Group SpA | 14,552 | 691 | ||||
BPER Banca | 169,610 | 681 | ||||
Brunello Cucinelli SpA | 5,459 | 656 | ||||
* | Telecom Italia SpA (Bearer) | 1,995,362 | 622 | |||
2 | Infrastrutture Wireless Italiane SpA | 53,349 | 591 | |||
Reply SpA | 4,149 | 576 | ||||
Unipol Gruppo SpA | 67,062 | 539 | ||||
Azimut Holding SpA | 18,768 | 538 |
Shares | Market Value• ($000) | |||||
Banca Popolare di Sondrio SPA | 69,660 | 521 | ||||
* | Banca Monte dei Paschi di Siena SpA | 122,424 | 501 | |||
Buzzi SpA | 14,277 | 482 | ||||
2 | Pirelli & C SpA | 75,225 | 444 | |||
Italgas SpA | 69,870 | 381 | ||||
Banca Mediolanum SpA | 33,476 | 360 | ||||
DiaSorin SpA | 3,402 | 343 | ||||
De' Longhi SpA | 10,356 | 319 | ||||
2 | BFF Bank SpA | 25,884 | 302 | |||
Banca Generali SpA | 7,158 | 265 | ||||
Tamburi Investment Partners SpA | 26,773 | 258 | ||||
Brembo SpA | 19,865 | 246 | ||||
* | Telecom Italia SpA (Registered) | 694,298 | 209 | |||
2 | Anima Holding SpA | 46,105 | 208 | |||
2 | Technogym SpA | 20,818 | 198 | |||
2 | Carel Industries SpA | 8,397 | 194 | |||
Maire Tecnimont SpA | 33,444 | 192 | ||||
Arnoldo Mondadori Editore SpA | 73,257 | 169 | ||||
Banca IFIS SpA | 8,740 | 159 | ||||
2 | Enav SpA | 45,370 | 159 | |||
SOL SpA | 4,879 | 154 | ||||
Gruppo MutuiOnline SpA | 3,987 | 147 | ||||
Danieli & C Officine Meccaniche SpA Saving Shares | 5,269 | 130 | ||||
Sesa SpA | 932 | 116 | ||||
Italmobiliare SpA | 3,648 | 115 | ||||
Salvatore Ferragamo SpA | 7,840 | 102 | ||||
Biesse SpA | 7,676 | 101 | ||||
Tinexta SpA | 5,052 | 101 | ||||
Rizzoli Corriere Della Sera Mediagroup SpA | 109,788 | 88 | ||||
Webuild SpA | 39,750 | 84 | ||||
Ariston Holding NV | 13,911 | 83 | ||||
2 | RAI Way SpA | 15,400 | 80 | |||
El.En. SpA | 7,636 | 70 | ||||
*,2 | GVS SpA | 9,878 | 68 | |||
Salcef Group SpA | 2,688 | 66 | ||||
Credito Emiliano SpA | 6,294 | 60 | ||||
MARR SpA | 4,699 | 58 | ||||
Sanlorenzo SpA | 1,303 | 58 | ||||
MFE-MediaForEurope NV Class A | 22,785 | 52 | ||||
Zignago Vetro SpA | 3,537 | 50 | ||||
Piaggio & C SpA | 13,115 | 44 | ||||
UnipolSai Assicurazioni SpA | 14,275 | 41 | ||||
Danieli & C Officine Meccaniche SpA | 1,043 | 35 |
Shares | Market Value• ($000) | |||||
MFE-MediaForEurope NV Class B | 9,754 | 31 | ||||
*,1 | Juventus Football Club SpA | 10,404 | 29 | |||
Cementir Holding NV | 2,584 | 26 | ||||
* | Tod's SpA | 471 | 22 | |||
2 | doValue SpA | 9,811 | 22 | |||
Alerion Cleanpower SpA | 693 | 17 | ||||
Datalogic SpA | 2,377 | 15 | ||||
65,320 | ||||||
Japan (18.1%) | ||||||
Toyota Motor Corp. | 1,981,600 | 47,730 | ||||
Mitsubishi UFJ Financial Group Inc. | 1,928,600 | 19,812 | ||||
Tokyo Electron Ltd. | 72,900 | 18,087 | ||||
Sony Group Corp. | 204,700 | 17,635 | ||||
Keyence Corp. | 32,100 | 15,044 | ||||
Shin-Etsu Chemical Co. Ltd. | 317,700 | 13,558 | ||||
Sumitomo Mitsui Financial Group Inc. | 212,000 | 11,811 | ||||
Daiichi Sankyo Co. Ltd. | 312,600 | 10,295 | ||||
Recruit Holdings Co. Ltd. | 240,949 | 9,719 | ||||
Nintendo Co. Ltd. | 173,500 | 9,695 | ||||
Honda Motor Co. Ltd. | 810,600 | 9,632 | ||||
SoftBank Group Corp. | 161,800 | 9,584 | ||||
Tokio Marine Holdings Inc. | 309,500 | 9,043 | ||||
Mizuho Financial Group Inc. | 423,720 | 7,916 | ||||
KDDI Corp. | 259,800 | 7,854 | ||||
Hoya Corp. | 57,200 | 7,467 | ||||
Takeda Pharmaceutical Co. Ltd. | 254,857 | 7,454 | ||||
Fast Retailing Co. Ltd. | 25,500 | 7,386 | ||||
Denso Corp. | 340,000 | 6,254 | ||||
SoftBank Corp. | 462,143 | 6,079 | ||||
Nippon Telegraph & Telephone Corp. | 4,796,100 | 5,833 | ||||
Advantest Corp. | 122,500 | 5,767 | ||||
Seven & i Holdings Co. Ltd. | 387,000 | 5,767 | ||||
Murata Manufacturing Co. Ltd. | 282,600 | 5,695 | ||||
Oriental Land Co. Ltd. | 155,900 | 5,587 | ||||
SMC Corp. | 9,200 | 5,553 | ||||
Fujitsu Ltd. | 30,100 | 4,704 | ||||
FANUC Corp. | 160,400 | 4,676 | ||||
Canon Inc. | 157,000 | 4,591 | ||||
Terumo Corp. | 116,600 | 4,543 | ||||
Disco Corp. | 13,800 | 4,497 | ||||
Chugai Pharmaceutical Co. Ltd. | 109,400 | 4,370 | ||||
Bridgestone Corp. | 96,100 | 4,127 | ||||
Mitsui Fudosan Co. Ltd. | 152,000 | 4,126 |
Shares | Market Value• ($000) | |||||
Renesas Electronics Corp. | 239,877 | 3,963 | ||||
Central Japan Railway Co. | 152,800 | 3,843 | ||||
MS&AD Insurance Group Holdings Inc. | 76,800 | 3,838 | ||||
FUJIFILM Holdings Corp. | 60,000 | 3,822 | ||||
East Japan Railway Co. | 61,300 | 3,627 | ||||
Dai-ichi Life Holdings Inc. | 158,000 | 3,597 | ||||
Panasonic Holdings Corp. | 357,000 | 3,375 | ||||
Suzuki Motor Corp. | 76,300 | 3,359 | ||||
Lasertec Corp. | 12,500 | 3,354 | ||||
Astellas Pharma Inc. | 304,200 | 3,325 | ||||
Japan Post Holdings Co. Ltd. | 336,867 | 3,251 | ||||
Nidec Corp. | 85,500 | 3,245 | ||||
Daiwa House Industry Co. Ltd. | 111,100 | 3,208 | ||||
Otsuka Holdings Co. Ltd. | 78,600 | 3,189 | ||||
TDK Corp. | 60,400 | 3,149 | ||||
Ajinomoto Co. Inc. | 83,900 | 3,086 | ||||
Sompo Holdings Inc. | 52,100 | 3,054 | ||||
Kyocera Corp. | 206,200 | 3,043 | ||||
Nomura Holdings Inc. | 522,100 | 2,973 | ||||
NEC Corp. | 43,600 | 2,943 | ||||
Aeon Co. Ltd. | 122,800 | 2,932 | ||||
Kao Corp. | 76,800 | 2,906 | ||||
Mitsubishi Estate Co. Ltd. | 188,200 | 2,881 | ||||
Olympus Corp. | 201,700 | 2,870 | ||||
Kubota Corp. | 183,300 | 2,690 | ||||
Toyota Industries Corp. | 26,800 | 2,670 | ||||
Japan Post Bank Co. Ltd. | 245,718 | 2,620 | ||||
Nippon Yusen KK | 79,100 | 2,519 | ||||
Sumitomo Mitsui Trust Holdings Inc. | 122,000 | 2,472 | ||||
Japan Exchange Group Inc. | 90,900 | 2,380 | ||||
Secom Co. Ltd. | 32,300 | 2,357 | ||||
Nitto Denko Corp. | 24,900 | 2,289 | ||||
Shionogi & Co. Ltd. | 45,400 | 2,260 | ||||
Unicharm Corp. | 65,400 | 2,169 | ||||
Sekisui House Ltd. | 97,000 | 2,161 | ||||
Nomura Research Institute Ltd. | 71,900 | 2,020 | ||||
Sumitomo Realty & Development Co. Ltd. | 67,800 | 2,011 | ||||
Sumitomo Electric Industries Ltd. | 133,200 | 1,978 | ||||
Resona Holdings Inc. | 361,850 | 1,975 | ||||
Bandai Namco Holdings Inc. | 101,100 | 1,947 |
Shares | Market Value• ($000) | |||||
Mitsui OSK Lines Ltd. | 54,600 | 1,870 | ||||
Eisai Co. Ltd. | 44,600 | 1,850 | ||||
Yaskawa Electric Corp. | 44,900 | 1,840 | ||||
Daiwa Securities Group Inc. | 247,900 | 1,828 | ||||
Sysmex Corp. | 32,500 | 1,825 | ||||
NTT Data Group Corp. | 110,200 | 1,795 | ||||
Shiseido Co. Ltd. | 65,700 | 1,786 | ||||
Nitori Holdings Co. Ltd. | 12,100 | 1,780 | ||||
Shimano Inc. | 12,700 | 1,759 | ||||
Kawasaki Kisen Kaisha Ltd. | 35,600 | 1,699 | ||||
SCREEN Holdings Co. Ltd. | 13,500 | 1,695 | ||||
West Japan Railway Co. | 40,451 | 1,682 | ||||
Pan Pacific International Holdings Corp. | 69,000 | 1,627 | ||||
Asahi Kasei Corp. | 224,400 | 1,561 | ||||
MINEBEA MITSUMI Inc. | 71,400 | 1,481 | ||||
T&D Holdings Inc. | 83,300 | 1,450 | ||||
Yamaha Motor Co. Ltd. | 159,000 | 1,425 | ||||
Tokyu Corp. | 109,400 | 1,361 | ||||
Shimadzu Corp. | 49,300 | 1,347 | ||||
Nissan Motor Co. Ltd. | 333,200 | 1,313 | ||||
Mitsubishi Chemical Group Corp. | 227,500 | 1,305 | ||||
Isuzu Motors Ltd. | 91,200 | 1,301 | ||||
Dai Nippon Printing Co. Ltd. | 44,300 | 1,294 | ||||
Toray Industries Inc. | 273,100 | 1,260 | ||||
Asics Corp. | 29,500 | 1,255 | ||||
Nippon Paint Holdings Co. Ltd. | 168,913 | 1,255 | ||||
Capcom Co. Ltd. | 30,600 | 1,236 | ||||
SBI Holdings Inc. | 45,700 | 1,230 | ||||
LY Corp. | 444,200 | 1,228 | ||||
* | Rakuten Group Inc. | 223,900 | 1,227 | |||
Daito Trust Construction Co. Ltd. | 10,200 | 1,210 | ||||
Omron Corp. | 32,100 | 1,194 | ||||
Ono Pharmaceutical Co. Ltd. | 72,100 | 1,194 | ||||
Aisin Corp. | 31,400 | 1,186 | ||||
Niterra Co. Ltd. | 37,900 | 1,151 | ||||
Mazda Motor Corp. | 98,100 | 1,139 | ||||
Daifuku Co. Ltd. | 46,600 | 1,106 | ||||
Makita Corp. | 42,100 | 1,101 | ||||
Keisei Electric Railway Co. Ltd. | 22,700 | 1,061 | ||||
Nexon Co. Ltd. | 64,900 | 1,054 | ||||
M3 Inc. | 73,200 | 1,053 | ||||
MEIJI Holdings Co. Ltd. | 46,700 | 1,051 | ||||
MatsukiyoCocokara & Co. | 63,300 | 1,050 | ||||
Nippon Building Fund Inc. | 272 | 1,048 |
Shares | Market Value• ($000) | |||||
Kintetsu Group Holdings Co. Ltd. | 33,600 | 1,033 | ||||
Konami Group Corp. | 15,300 | 1,030 | ||||
Dentsu Group Inc. | 36,800 | 1,020 | ||||
Nissan Chemical Corp. | 24,200 | 1,012 | ||||
TOPPAN Holdings Inc. | 42,000 | 1,001 | ||||
Concordia Financial Group Ltd. | 197,300 | 1,000 | ||||
Yakult Honsha Co. Ltd. | 46,076 | 993 | ||||
Tobu Railway Co. Ltd. | 38,000 | 971 | ||||
Nissin Foods Holdings Co. Ltd. | 33,000 | 962 | ||||
SUMCO Corp. | 61,100 | 959 | ||||
Hankyu Hanshin Holdings Inc. | 33,200 | 957 | ||||
Trend Micro Inc. | 18,800 | 934 | ||||
Rohm Co. Ltd. | 54,400 | 927 | ||||
Sekisui Chemical Co. Ltd. | 65,400 | 922 | ||||
SG Holdings Co. Ltd. | 73,534 | 922 | ||||
Shizuoka Financial Group Inc. | 94,000 | 920 | ||||
TIS Inc. | 40,600 | 916 | ||||
Toyo Suisan Kaisha Ltd. | 15,700 | 911 | ||||
Kyowa Kirin Co. Ltd. | 45,500 | 901 | ||||
Kyoto Financial Group Inc. | 51,200 | 895 | ||||
Chiba Bank Ltd. | 109,400 | 891 | ||||
Mitsui Chemicals Inc. | 31,900 | 885 | ||||
Yamato Holdings Co. Ltd. | 57,500 | 874 | ||||
Hamamatsu Photonics KK | 24,200 | 870 | ||||
Ibiden Co. Ltd. | 18,300 | 847 | ||||
Hulic Co. Ltd. | 84,670 | 845 | ||||
JSR Corp. | 31,000 | 833 | ||||
Kurita Water Industries Ltd. | 20,400 | 831 | ||||
Japan Real Estate Investment Corp. | 229 | 825 | ||||
Nippon Sanso Holdings Corp. | 28,200 | 818 | ||||
Isetan Mitsukoshi Holdings Ltd. | 56,500 | 798 | ||||
Resonac Holdings Corp. | 32,667 | 789 | ||||
Seiko Epson Corp. | 48,700 | 788 | ||||
Odakyu Electric Railway Co. Ltd. | 55,800 | 785 | ||||
Fukuoka Financial Group Inc. | 29,500 | 766 | ||||
Otsuka Corp. | 17,300 | 761 | ||||
Nomura Real Estate Master Fund Inc. | 763 | 758 | ||||
NH Foods Ltd. | 21,500 | 751 | ||||
MISUMI Group Inc. | 49,100 | 750 | ||||
Mitsubishi HC Capital Inc. | 107,360 | 742 |
Shares | Market Value• ($000) | |||||
Brother Industries Ltd. | 43,400 | 728 | ||||
TOTO Ltd. | 26,700 | 723 | ||||
Amada Co. Ltd. | 64,200 | 714 | ||||
USS Co. Ltd. | 40,800 | 710 | ||||
Zensho Holdings Co. Ltd. | 16,200 | 709 | ||||
Toho Co. Ltd. | 21,600 | 701 | ||||
Haseko Corp. | 56,400 | 698 | ||||
Rohto Pharmaceutical Co. Ltd. | 34,200 | 696 | ||||
Nippon Prologis REIT Inc. | 413 | 691 | ||||
* | ANA Holdings Inc. | 31,641 | 690 | |||
Oji Holdings Corp. | 175,700 | 688 | ||||
Azbil Corp. | 23,400 | 688 | ||||
Tokyu Fudosan Holdings Corp. | 103,500 | 680 | ||||
Nisshin Seifun Group Inc. | 48,800 | 675 | ||||
Asahi Intecc Co. Ltd. | 31,600 | 658 | ||||
Kuraray Co. Ltd. | 65,000 | 657 | ||||
KDX Realty Investment Corp. | 649 | 650 | ||||
Suntory Beverage & Food Ltd. | 19,600 | 644 | ||||
Santen Pharmaceutical Co. Ltd. | 63,700 | 631 | ||||
Sumitomo Forestry Co. Ltd. | 22,000 | 628 | ||||
Lixil Corp. | 49,000 | 628 | ||||
McDonald's Holdings Co. Japan Ltd. | 13,300 | 619 | ||||
Hikari Tsushin Inc. | 3,400 | 616 | ||||
Ryohin Keikaku Co. Ltd. | 38,300 | 605 | ||||
COMSYS Holdings Corp. | 26,600 | 587 | ||||
Keio Corp. | 20,700 | 581 | ||||
Hoshizaki Corp. | 17,000 | 580 | ||||
Japan Post Insurance Co. Ltd. | 30,239 | 557 | ||||
Hachijuni Bank Ltd. | 90,700 | 556 | ||||
Marui Group Co. Ltd. | 34,000 | 555 | ||||
Nippon Express Holdings Inc. | 10,500 | 555 | ||||
Tosoh Corp. | 40,500 | 552 | ||||
Nikon Corp. | 55,700 | 551 | ||||
Yamaha Corp. | 25,100 | 549 | ||||
Koito Manufacturing Co. Ltd. | 42,800 | 543 | ||||
Seibu Holdings Inc. | 37,400 | 541 | ||||
Yokohama Rubber Co. Ltd. | 20,300 | 540 | ||||
CyberAgent Inc. | 76,700 | 539 | ||||
Sanwa Holdings Corp. | 30,300 | 538 | ||||
Japan Airlines Co. Ltd. | 28,623 | 535 | ||||
Nagoya Railroad Co. Ltd. | 37,400 | 534 |
Shares | Market Value• ($000) | |||||
Taiheiyo Cement Corp. | 25,300 | 531 | ||||
Sanrio Co. Ltd. | 9,400 | 527 | ||||
Square Enix Holdings Co. Ltd. | 12,400 | 525 | ||||
Iwatani Corp. | 10,500 | 522 | ||||
1 | BayCurrent Consulting Inc. | 23,200 | 521 | |||
Ulvac Inc. | 8,400 | 518 | ||||
Fujikura Ltd. | 42,000 | 514 | ||||
Stanley Electric Co. Ltd. | 29,900 | 513 | ||||
Daiwa House REIT Investment Corp. | 314 | 512 | ||||
Taiyo Yuden Co. Ltd. | 23,300 | 510 | ||||
Tokyo Ohka Kogyo Co. Ltd. | 16,500 | 509 | ||||
Keikyu Corp. | 55,800 | 496 | ||||
NSK Ltd. | 89,700 | 492 | ||||
Kyushu Railway Co. | 21,400 | 492 | ||||
Hirose Electric Co. Ltd. | 4,600 | 490 | ||||
Alfresa Holdings Corp. | 32,700 | 488 | ||||
Keihan Holdings Co. Ltd. | 21,000 | 486 | ||||
1 | Aozora Bank Ltd. | 26,300 | 483 | |||
Yamazaki Baking Co. Ltd. | 20,400 | 478 | ||||
Mebuki Financial Group Inc. | 150,400 | 470 | ||||
Tokyo Tatemono Co. Ltd. | 32,100 | 466 | ||||
Credit Saison Co. Ltd. | 23,800 | 463 | ||||
Hirogin Holdings Inc. | 64,300 | 459 | ||||
Advance Residence Investment Corp. | 224 | 458 | ||||
Kyushu Financial Group Inc. | 59,000 | 445 | ||||
Kansai Paint Co. Ltd. | 30,500 | 443 | ||||
Persol Holdings Co. Ltd. | 306,000 | 443 | ||||
GMO Payment Gateway Inc. | 6,500 | 439 | ||||
Fuyo General Lease Co. Ltd. | 4,800 | 439 | ||||
Tsuruha Holdings Inc. | 5,700 | 430 | ||||
Sohgo Security Services Co. Ltd. | 76,600 | 425 | ||||
Invincible Investment Corp. | 1,036 | 425 | ||||
Oracle Corp. Japan | 5,400 | 414 | ||||
Orix JREIT Inc. | 390 | 411 | ||||
Tokyo Century Corp. | 39,200 | 409 | ||||
Japan Airport Terminal Co. Ltd. | 10,300 | 406 | ||||
Tokyo Seimitsu Co. Ltd. | 5,900 | 405 | ||||
Nabtesco Corp. | 24,200 | 402 | ||||
United Urban Investment Corp. | 426 | 402 | ||||
Toagosei Co. Ltd. | 39,000 | 402 | ||||
Zenkoku Hosho Co. Ltd. | 10,900 | 400 |
Shares | Market Value• ($000) | |||||
THK Co. Ltd. | 18,000 | 397 | ||||
Macnica Holdings Inc. | 7,100 | 393 | ||||
Nomura Real Estate Holdings Inc. | 15,700 | 391 | ||||
Teijin Ltd. | 45,800 | 389 | ||||
Toyo Seikan Group Holdings Ltd. | 23,100 | 389 | ||||
Hakuhodo DY Holdings Inc. | 41,500 | 386 | ||||
INFRONEER Holdings Inc. | 37,308 | 383 | ||||
Yamada Holdings Co. Ltd. | 132,900 | 382 | ||||
Nagase & Co. Ltd. | 22,700 | 378 | ||||
Shinko Electric Industries Co. Ltd. | 10,400 | 378 | ||||
Shimamura Co. Ltd. | 7,000 | 373 | ||||
J Front Retailing Co. Ltd. | 37,600 | 373 | ||||
ZOZO Inc. | 16,400 | 372 | ||||
Nichirei Corp. | 14,700 | 368 | ||||
Lintec Corp. | 17,800 | 361 | ||||
MonotaRO Co. Ltd. | 37,100 | 355 | ||||
Hisamitsu Pharmaceutical Co. Inc. | 13,700 | 354 | ||||
Daishi Hokuetsu Financial Group Inc. | 12,300 | 354 | ||||
TechnoPro Holdings Inc. | 17,700 | 354 | ||||
Kobayashi Pharmaceutical Co. Ltd. | 8,800 | 351 | ||||
SCSK Corp. | 18,800 | 347 | ||||
Medipal Holdings Corp. | 22,800 | 345 | ||||
Nihon Kohden Corp. | 12,400 | 344 | ||||
Daicel Corp. | 36,200 | 342 | ||||
Lion Corp. | 38,600 | 340 | ||||
Japan Hotel REIT Investment Corp. | 698 | 338 | ||||
Gunma Bank Ltd. | 62,200 | 336 | ||||
Air Water Inc. | 23,200 | 335 | ||||
Rinnai Corp. | 14,400 | 335 | ||||
Open House Group Co. Ltd. | 10,600 | 335 | ||||
Nifco Inc. | 13,800 | 333 | ||||
* | SHIFT Inc. | 1,800 | 333 | |||
* | Money Forward Inc. | 7,500 | 333 | |||
Nippon Kayaku Co. Ltd. | 38,600 | 332 | ||||
DMG Mori Co. Ltd. | 14,200 | 329 | ||||
Fujitec Co. Ltd. | 12,600 | 324 | ||||
Fuji Soft Inc. | 7,600 | 324 | ||||
Industrial & Infrastructure Fund Investment Corp. | 385 | 324 | ||||
Mitsubishi Motors Corp. | 104,100 | 321 | ||||
Nippon Electric Glass Co. Ltd. | 13,300 | 321 |
Shares | Market Value• ($000) | |||||
Goldwin Inc. | 5,500 | 319 | ||||
Miura Co. Ltd. | 14,900 | 318 | ||||
Nankai Electric Railway Co. Ltd. | 16,200 | 316 | ||||
JTEKT Corp. | 33,600 | 314 | ||||
Wacoal Holdings Corp. | 12,900 | 314 | ||||
DIC Corp. | 16,200 | 313 | ||||
77 Bank Ltd. | 11,900 | 313 | ||||
Takashimaya Co. Ltd. | 20,500 | 309 | ||||
SHO-BOND Holdings Co. Ltd. | 7,200 | 308 | ||||
Yamaguchi Financial Group Inc. | 30,200 | 307 | ||||
* | Konica Minolta Inc. | 91,100 | 301 | |||
Suzuken Co. Ltd. | 10,100 | 301 | ||||
Internet Initiative Japan Inc. | 16,200 | 301 | ||||
Kamigumi Co. Ltd. | 12,800 | 300 | ||||
Sumitomo Rubber Industries Ltd. | 25,700 | 300 | ||||
Seino Holdings Co. Ltd. | 21,100 | 299 | ||||
Iyogin Holdings Inc. | 39,800 | 299 | ||||
NSD Co. Ltd. | 15,600 | 298 | ||||
Koei Tecmo Holdings Co. Ltd. | 23,780 | 298 | ||||
Sundrug Co. Ltd. | 9,500 | 297 | ||||
Maruwa Co. Ltd. | 1,300 | 297 | ||||
Maruha Nichiro Corp. | 14,900 | 294 | ||||
Anritsu Corp. | 34,100 | 293 | ||||
Kaken Pharmaceutical Co. Ltd. | 12,200 | 289 | ||||
Nippon Shinyaku Co. Ltd. | 9,100 | 289 | ||||
Jeol Ltd. | 6,500 | 289 | ||||
Alps Alpine Co. Ltd. | 39,200 | 288 | ||||
Mitsubishi Logistics Corp. | 9,200 | 282 | ||||
ADEKA Corp. | 13,600 | 280 | ||||
Daihen Corp. | 5,300 | 279 | ||||
Kose Corp. | 5,000 | 278 | ||||
BIPROGY Inc. | 8,900 | 276 | ||||
Toho Gas Co. Ltd. | 13,700 | 274 | ||||
Kadokawa Corp. | 14,344 | 274 | ||||
Dexerials Corp. | 6,800 | 274 | ||||
Nihon M&A Center Holdings Inc. | 40,500 | 272 | ||||
Nishi-Nippon Financial Holdings Inc. | 21,500 | 272 | ||||
Coca-Cola Bottlers Japan Holdings Inc. | 20,400 | 270 | ||||
Sekisui House REIT Inc. | 540 | 267 | ||||
Tomy Co. Ltd. | 14,900 | 265 | ||||
* | Mercari Inc. | 19,400 | 265 | |||
Toyo Tire Corp. | 14,500 | 263 | ||||
Rakus Co. Ltd. | 16,600 | 263 | ||||
OKUMA Corp. | 5,500 | 259 |
Shares | Market Value• ($000) | |||||
Sumitomo Bakelite Co. Ltd. | 4,500 | 259 | ||||
Furukawa Electric Co. Ltd. | 13,000 | 258 | ||||
Nippon Gas Co. Ltd. | 16,500 | 258 | ||||
Citizen Watch Co. Ltd. | 36,800 | 256 | ||||
Ezaki Glico Co. Ltd. | 8,600 | 256 | ||||
Kewpie Corp. | 13,700 | 255 | ||||
Osaka Soda Co. Ltd. | 3,300 | 255 | ||||
NOK Corp. | 17,800 | 252 | ||||
Iida Group Holdings Co. Ltd. | 19,500 | 252 | ||||
Japan Prime Realty Investment Corp. | 114 | 250 | ||||
Nissui Corp. | 38,400 | 244 | ||||
Sugi Holdings Co. Ltd. | 15,300 | 240 | ||||
Mabuchi Motor Co. Ltd. | 13,000 | 237 | ||||
Hanwa Co. Ltd. | 6,200 | 236 | ||||
Ito En Ltd. | 8,400 | 234 | ||||
NHK Spring Co. Ltd. | 24,300 | 234 | ||||
Activia Properties Inc. | 90 | 234 | ||||
Toyoda Gosei Co. Ltd. | 11,300 | 233 | ||||
* | Park24 Co. Ltd. | 19,400 | 230 | |||
EXEO Group Inc. | 10,900 | 229 | ||||
Dowa Holdings Co. Ltd. | 6,500 | 227 | ||||
Kaneka Corp. | 9,400 | 226 | ||||
Towa Corp. | 3,600 | 226 | ||||
Kagome Co. Ltd. | 9,800 | 225 | ||||
Mitsui Fudosan Logistics Park Inc. | 79 | 224 | ||||
Pigeon Corp. | 21,900 | 223 | ||||
Toyo Corp. | 21,700 | 222 | ||||
Mizuho Leasing Co. Ltd. | 6,000 | 220 | ||||
Fujimi Inc. | 8,700 | 219 | ||||
LaSalle Logiport REIT | 233 | 219 | ||||
House Foods Group Inc. | 10,400 | 218 | ||||
Kakaku.com Inc. | 18,900 | 217 | ||||
Sankyu Inc. | 6,100 | 216 | ||||
Morinaga Milk Industry Co. Ltd. | 10,400 | 215 | ||||
Daiwabo Holdings Co. Ltd. | 12,200 | 214 | ||||
Sawai Group Holdings Co. Ltd. | 5,600 | 214 | ||||
NET One Systems Co. Ltd. | 12,200 | 212 | ||||
Rorze Corp. | 1,500 | 212 | ||||
Amano Corp. | 8,600 | 211 | ||||
Organo Corp. | 4,100 | 211 | ||||
Takasago Thermal Engineering Co. Ltd. | 7,200 | 210 | ||||
MEITEC Group Holdings Inc. | 10,300 | 209 | ||||
Ushio Inc. | 15,700 | 208 | ||||
Taisho Pharmaceutical Holdings Co. Ltd. | 3,600 | 206 |
Shares | Market Value• ($000) | |||||
Casio Computer Co. Ltd. | 25,400 | 205 | ||||
GS Yuasa Corp. | 10,900 | 205 | ||||
Benesse Holdings Inc. | 11,800 | 204 | ||||
Artnature Inc. | 39,600 | 204 | ||||
Denka Co. Ltd. | 12,300 | 202 | ||||
Hokuhoku Financial Group Inc. | 17,500 | 202 | ||||
Monex Group Inc. | 32,700 | 202 | ||||
1 | Hokuetsu Corp. | 20,200 | 200 | |||
Harmonic Drive Systems Inc. | 7,600 | 199 | ||||
Calbee Inc. | 9,300 | 199 | ||||
Mori Trust REIT Inc. | 422 | 196 | ||||
Tsumura & Co. | 10,600 | 195 | ||||
Gunze Ltd. | 5,200 | 195 | ||||
Kyudenko Corp. | 4,900 | 191 | ||||
Daiwa Office Investment Corp. | 49 | 191 | ||||
OBIC Business Consultants Co. Ltd. | 4,000 | 191 | ||||
Mitsui High-Tec Inc. | 3,400 | 191 | ||||
Mitsubishi Estate Logistics REIT Investment Corp. | 82 | 191 | ||||
Frontier Real Estate Investment Corp. | 66 | 189 | ||||
Rengo Co. Ltd. | 28,300 | 189 | ||||
OSG Corp. | 13,400 | 188 | ||||
Topcon Corp. | 15,800 | 188 | ||||
ST Corp. | 17,700 | 184 | ||||
ABC-Mart Inc. | 10,600 | 182 | ||||
Nagatanien Holdings Co. Ltd. | 12,300 | 182 | ||||
Nisshinbo Holdings Inc. | 21,600 | 181 | ||||
Sangetsu Corp. | 7,700 | 181 | ||||
Sotetsu Holdings Inc. | 9,900 | 180 | ||||
Kanamoto Co. Ltd. | 9,400 | 180 | ||||
Daiwa Securities Living Investments Corp. | 268 | 180 | ||||
Canon Marketing Japan Inc. | 5,900 | 176 | ||||
Comforia Residential REIT Inc. | 92 | 176 | ||||
Fuji Corp. | 10,100 | 174 | ||||
* | Outsourcing Inc. | 14,900 | 174 | |||
Yushin Precision Equipment Co. Ltd. | 37,700 | 173 | ||||
Takeuchi Manufacturing Co. Ltd. | 4,900 | 172 | ||||
* | Sharp Corp. | 31,400 | 171 | |||
CKD Corp. | 8,300 | 171 | ||||
Daiseki Co. Ltd. | 6,380 | 169 | ||||
Toridoll Holdings Corp. | 5,900 | 169 | ||||
Morinaga & Co. Ltd. | 9,400 | 168 | ||||
Zeon Corp. | 19,800 | 168 |
Shares | Market Value• ($000) | |||||
Yoshinoya Holdings Co. Ltd. | 7,900 | 168 | ||||
Shiga Bank Ltd. | 6,100 | 168 | ||||
Aeon Mall Co. Ltd. | 14,300 | 167 | ||||
* | Sansan Inc. | 14,000 | 167 | |||
TS Tech Co. Ltd. | 12,800 | 166 | ||||
Nakanishi Inc. | 10,400 | 166 | ||||
K's Holdings Corp. | 18,500 | 160 | ||||
Chugin Financial Group Inc. | 20,200 | 159 | ||||
* | Appier Group Inc. | 12,600 | 159 | |||
Mori Hills REIT Investment Corp. | 181 | 158 | ||||
Seven Bank Ltd. | 78,000 | 156 | ||||
Taiyo Holdings Co. Ltd. | 7,100 | 154 | ||||
Hazama Ando Corp. | 18,600 | 153 | ||||
Sanken Electric Co. Ltd. | 3,000 | 152 | ||||
Okasan Securities Group Inc. | 28,900 | 151 | ||||
Torishima Pump Manufacturing Co. Ltd. | 7,900 | 150 | ||||
JVCKenwood Corp. | 27,100 | 150 | ||||
Nitto Boseki Co. Ltd. | 4,000 | 149 | ||||
* | PeptiDream Inc. | 14,000 | 148 | |||
Nojima Corp. | 13,200 | 148 | ||||
Wellneo Sugar Co. Ltd. | 9,400 | 148 | ||||
Dentsu Soken Inc. | 4,100 | 147 | ||||
Kokuyo Co. Ltd. | 9,300 | 147 | ||||
*,1 | Right On Co. Ltd. | 54,000 | 147 | |||
Bic Camera Inc. | 17,100 | 147 | ||||
Okamura Corp. | 10,000 | 146 | ||||
Japan Material Co. Ltd. | 8,500 | 145 | ||||
Toho Holdings Co. Ltd. | 6,800 | 144 | ||||
Toyota Boshoku Corp. | 9,000 | 143 | ||||
PALTAC Corp. | 5,100 | 143 | ||||
Nippon Shokubai Co. Ltd. | 3,800 | 142 | ||||
Kaga Electronics Co. Ltd. | 3,200 | 142 | ||||
SMS Co. Ltd. | 8,000 | 142 | ||||
Tokuyama Corp. | 8,700 | 141 | ||||
Fancl Corp. | 10,100 | 140 | ||||
San-In Godo Bank Ltd. | 18,200 | 140 | ||||
Kanematsu Corp. | 8,700 | 139 | ||||
NEC Networks & System Integration Corp. | 8,500 | 139 | ||||
Daiichikosho Co. Ltd. | 10,700 | 138 | ||||
Fuji Kyuko Co. Ltd. | 5,200 | 138 | ||||
* | Hino Motors Ltd. | 41,200 | 137 | |||
Suruga Bank Ltd. | 25,300 | 137 | ||||
Ain Holdings Inc. | 4,300 | 136 | ||||
GMO internet group Inc. | 7,500 | 136 | ||||
TKC Corp. | 5,500 | 136 | ||||
Nippon Kanzai Holdings Co. Ltd. | 7,900 | 136 | ||||
Seria Co. Ltd. | 6,700 | 135 |
Shares | Market Value• ($000) | |||||
Kyoritsu Maintenance Co. Ltd. | 3,200 | 135 | ||||
Tokyo Electron Device Ltd. | 2,800 | 135 | ||||
C Uyemura & Co. Ltd. | 1,700 | 135 | ||||
* | Leopalace21 Corp. | 43,700 | 134 | |||
NTT UD REIT Investment Corp. | 169 | 134 | ||||
Acom Co. Ltd. | 53,400 | 133 | ||||
Valor Holdings Co. Ltd. | 8,200 | 133 | ||||
Resorttrust Inc. | 7,600 | 131 | ||||
Descente Ltd. | 5,800 | 131 | ||||
Hulic REIT Inc. | 134 | 131 | ||||
JAFCO Group Co. Ltd. | 10,800 | 130 | ||||
Tadano Ltd. | 15,400 | 130 | ||||
Ferrotec Holdings Corp. | 6,500 | 130 | ||||
H2O Retailing Corp. | 11,000 | 129 | ||||
TBS Holdings Inc. | 4,900 | 129 | ||||
Aica Kogyo Co. Ltd. | 5,400 | 128 | ||||
Riken Keiki Co. Ltd. | 2,500 | 128 | ||||
Benefit One Inc. | 8,800 | 128 | ||||
* | Fujita Kanko Inc. | 3,100 | 127 | |||
Nippon Soda Co. Ltd. | 3,100 | 127 | ||||
Mani Inc. | 9,200 | 125 | ||||
Pilot Corp. | 4,700 | 125 | ||||
Hyakugo Bank Ltd. | 28,200 | 125 | ||||
Takuma Co. Ltd. | 9,600 | 125 | ||||
NTN Corp. | 58,400 | 124 | ||||
Kureha Corp. | 6,900 | 124 | ||||
* | PKSHA Technology Inc. | 2,900 | 123 | |||
Nishi-Nippon Railroad Co. Ltd. | 7,500 | 121 | ||||
Taikisha Ltd. | 3,800 | 120 | ||||
Glory Ltd. | 6,100 | 119 | ||||
Aichi Financial Group Inc. | 6,563 | 119 | ||||
* | Medley Inc. | 3,500 | 118 | |||
Japan Excellent Inc. | 148 | 117 | ||||
Relo Group Inc. | 14,400 | 116 | ||||
Juroku Financial Group Inc. | 3,900 | 116 | ||||
Japan Aviation Electronics Industry Ltd. | 6,500 | 115 | ||||
DeNA Co. Ltd. | 11,800 | 115 | ||||
As One Corp. | 3,300 | 115 | ||||
Ryosan Co. Ltd. | 3,200 | 115 | ||||
Yaoko Co. Ltd. | 2,000 | 115 | ||||
DCM Holdings Co. Ltd. | 11,900 | 115 | ||||
* | Sosei Group Corp. | 11,700 | 114 | |||
UACJ Corp. | 4,100 | 113 | ||||
FP Corp. | 6,100 | 112 | ||||
Digital Garage Inc. | 4,800 | 112 | ||||
Mochida Pharmaceutical Co. Ltd. | 5,100 | 111 | ||||
Nipro Corp. | 13,300 | 110 |
Shares | Market Value• ($000) | |||||
MIRAIT ONE Corp. | 8,800 | 110 | ||||
ARE Holdings Inc. | 8,400 | 109 | ||||
Tokyo Kiraboshi Financial Group Inc. | 3,600 | 109 | ||||
Elecom Co. Ltd. | 10,100 | 108 | ||||
Sumitomo Warehouse Co. Ltd. | 6,300 | 108 | ||||
Nitto Kogyo Corp. | 3,500 | 107 | ||||
Tri Chemical Laboratories Inc. | 3,300 | 107 | ||||
Hogy Medical Co. Ltd. | 4,400 | 106 | ||||
Inaba Denki Sangyo Co. Ltd. | 4,500 | 106 | ||||
Bank of Nagoya Ltd. | 2,400 | 106 | ||||
DTS Corp. | 3,900 | 105 | ||||
Makino Milling Machine Co. Ltd. | 2,700 | 105 | ||||
* | Nippon Paper Industries Co. Ltd. | 13,700 | 104 | |||
Iino Kaiun Kaisha Ltd. | 12,100 | 104 | ||||
Bank of Iwate Ltd. | 5,900 | 104 | ||||
Topre Corp. | 6,300 | 104 | ||||
Senshu Ikeda Holdings Inc. | 40,700 | 104 | ||||
H.U. Group Holdings Inc. | 6,000 | 103 | ||||
Matsuyafoods Holdings Co. Ltd. | 2,600 | 102 | ||||
Open Up Group Inc. | 7,000 | 102 | ||||
Meiko Electronics Co. Ltd. | 3,100 | 102 | ||||
Sinko Industries Ltd. | 4,500 | 101 | ||||
Yodogawa Steel Works Ltd. | 3,400 | 101 | ||||
* | UT Group Co. Ltd. | 4,300 | 101 | |||
AEON Financial Service Co. Ltd. | 11,500 | 100 | ||||
Sumitomo Osaka Cement Co. Ltd. | 4,200 | 100 | ||||
Nextage Co. Ltd. | 6,100 | 100 | ||||
Hokkoku Financial Holdings Inc. | 3,100 | 100 | ||||
EM Systems Co. Ltd. | 20,400 | 98 | ||||
Izumi Co. Ltd. | 4,200 | 97 | ||||
Tokai Rika Co. Ltd. | 5,900 | 97 | ||||
Mitsubishi Logisnext Co. Ltd. | 8,800 | 97 | ||||
Katitas Co. Ltd. | 7,200 | 97 | ||||
Godo Steel Ltd. | 2,400 | 96 | ||||
Inabata & Co. Ltd. | 4,500 | 96 | ||||
Kitz Corp. | 11,400 | 96 | ||||
Daiei Kankyo Co. Ltd. | 5,100 | 96 | ||||
Jaccs Co. Ltd. | 2,600 | 95 | ||||
Fujitsu General Ltd. | 7,300 | 94 | ||||
Pola Orbis Holdings Inc. | 9,400 | 94 | ||||
Bando Chemical Industries Ltd. | 8,200 | 94 |
Shares | Market Value• ($000) | |||||
Heiwa Real Estate REIT Inc. | 104 | 94 | ||||
North Pacific Bank Ltd. | 34,300 | 92 | ||||
Heiwa Real Estate Co. Ltd. | 3,400 | 89 | ||||
1 | Ministop Co. Ltd. | 8,500 | 89 | |||
Shoei Co. Ltd. | 6,300 | 89 | ||||
Mitsui-Soko Holdings Co. Ltd. | 2,800 | 88 | ||||
Mizuno Corp. | 2,500 | 88 | ||||
Chugoku Marine Paints Ltd. | 6,000 | 87 | ||||
Seiren Co. Ltd. | 5,100 | 87 | ||||
Simplex Holdings Inc. | 5,100 | 87 | ||||
Yamazen Corp. | 10,100 | 86 | ||||
Belc Co. Ltd. | 2,000 | 85 | ||||
PAL GROUP Holdings Co. Ltd. | 5,600 | 85 | ||||
Japan Wool Textile Co. Ltd. | 9,300 | 85 | ||||
Arata Corp. | 3,800 | 85 | ||||
Max Co. Ltd. | 4,000 | 85 | ||||
Prima Meat Packers Ltd. | 5,600 | 85 | ||||
Starts Corp. Inc. | 4,200 | 85 | ||||
Toa Corp. | 2,500 | 85 | ||||
Joyful Honda Co. Ltd. | 6,100 | 85 | ||||
Aiful Corp. | 30,400 | 84 | ||||
SKY Perfect JSAT Holdings Inc. | 14,100 | 84 | ||||
Noritake Co. Ltd. | 1,500 | 84 | ||||
Shibaura Machine Co. Ltd. | 3,400 | 84 | ||||
NPR-RIKEN Corp. | 4,200 | 84 | ||||
Menicon Co. Ltd. | 7,000 | 83 | ||||
KFC Holdings Japan Ltd. | 2,900 | 82 | ||||
Kiyo Bank Ltd. | 6,600 | 82 | ||||
Nikkon Holdings Co. Ltd. | 4,000 | 82 | ||||
Tsubakimoto Chain Co. | 2,500 | 82 | ||||
Megachips Corp. | 2,900 | 81 | ||||
JP-Holdings Inc. | 26,700 | 81 | ||||
Mitsubishi Pencil Co. Ltd. | 5,100 | 81 | ||||
Trusco Nakayama Corp. | 5,200 | 81 | ||||
Daio Paper Corp. | 10,900 | 81 | ||||
Toyo Construction Co. Ltd. | 8,500 | 81 | ||||
Totech Corp. | 1,600 | 81 | ||||
Tokyo Individualized Educational Institute Inc. | 27,000 | 80 | ||||
Adastria Co. Ltd. | 3,500 | 80 | ||||
Nishimatsu Construction Co. Ltd. | 2,625 | 80 | ||||
Fuji Media Holdings Inc. | 6,600 | 79 | ||||
Seiko Group Corp. | 3,400 | 79 |
Shares | Market Value• ($000) | |||||
MOS Food Services Inc. | 3,300 | 79 | ||||
Ariake Japan Co. Ltd. | 2,200 | 78 | ||||
Sumitomo Pharma Co. Ltd. | 31,100 | 77 | ||||
ARCLANDS Corp. | 6,900 | 77 | ||||
Nisshin Oillio Group Ltd. | 2,200 | 77 | ||||
Sanyo Electric Railway Co. Ltd. | 5,400 | 77 | ||||
MCJ Co. Ltd. | 8,500 | 77 | ||||
JCU Corp. | 2,700 | 77 | ||||
Hirata Corp. | 1,400 | 76 | ||||
Kissei Pharmaceutical Co. Ltd. | 3,300 | 75 | ||||
Pasona Group Inc. | 3,900 | 75 | ||||
CRE Logistics REIT Inc. | 79 | 75 | ||||
FCC Co. Ltd. | 5,200 | 74 | ||||
Fuso Chemical Co. Ltd. | 2,300 | 74 | ||||
Hokkan Holdings Ltd. | 6,000 | 74 | ||||
Tsurumi Manufacturing Co. Ltd. | 3,100 | 73 | ||||
Ichigo Office REIT Investment Corp. | 140 | 73 | ||||
KeePer Technical Laboratory Co. Ltd. | 1,700 | 73 | ||||
Aoyama Trading Co. Ltd. | 6,600 | 72 | ||||
Chudenko Corp. | 3,700 | 72 | ||||
KYB Corp. | 2,100 | 72 | ||||
Konishi Co. Ltd. | 7,400 | 72 | ||||
Kumiai Chemical Industry Co. Ltd. | 13,100 | 72 | ||||
Life Corp. | 2,800 | 72 | ||||
Nippon Yakin Kogyo Co. Ltd. | 2,300 | 72 | ||||
Ricoh Leasing Co. Ltd. | 2,100 | 72 | ||||
Systena Corp. | 37,000 | 71 | ||||
KOMEDA Holdings Co. Ltd. | 3,900 | 71 | ||||
Hosiden Corp. | 5,400 | 70 | ||||
Riso Kagaku Corp. | 3,200 | 70 | ||||
Tokai Tokyo Financial Holdings Inc. | 17,500 | 69 | ||||
ASKUL Corp. | 4,900 | 69 | ||||
Musashi Seimitsu Industry Co. Ltd. | 6,100 | 68 | ||||
Mitsuuroko Group Holdings Co. Ltd. | 7,200 | 68 | ||||
Nippn Corp. | 4,300 | 68 | ||||
Sakata INX Corp. | 7,000 | 68 | ||||
Sinfonia Technology Co. Ltd. | 3,800 | 68 | ||||
Zuken Inc. | 2,200 | 68 | ||||
Premium Group Co. Ltd. | 5,400 | 68 | ||||
Japan Lifeline Co. Ltd. | 7,700 | 67 | ||||
Nichiha Corp. | 2,900 | 67 | ||||
Oki Electric Industry Co. Ltd. | 9,300 | 67 | ||||
Shochiku Co. Ltd. | 1,000 | 67 |
Shares | Market Value• ($000) | |||||
Tama Home Co. Ltd. | 2,400 | 67 | ||||
Toyo Gosei Co. Ltd. | 1,000 | 67 | ||||
West Holdings Corp. | 3,400 | 67 | ||||
Megmilk Snow Brand Co. Ltd. | 4,400 | 66 | ||||
en Japan Inc. | 3,900 | 66 | ||||
Ryobi Ltd. | 3,900 | 66 | ||||
Wakita & Co. Ltd. | 6,400 | 66 | ||||
Advance Logistics Investment Corp. | 84 | 66 | ||||
Base Co. Ltd. | 2,900 | 66 | ||||
Nippon Pillar Packing Co. Ltd. | 1,800 | 66 | ||||
Shibaura Mechatronics Corp. | 1,500 | 66 | ||||
Fuji Oil Holdings Inc. | 3,900 | 65 | ||||
Keiyo Bank Ltd. | 13,000 | 65 | ||||
Milbon Co. Ltd. | 3,000 | 65 | ||||
Nanto Bank Ltd. | 3,400 | 65 | ||||
Paramount Bed Holdings Co. Ltd. | 3,900 | 65 | ||||
Musashino Bank Ltd. | 3,300 | 64 | ||||
Tachibana Eletech Co. Ltd. | 3,000 | 64 | ||||
Argo Graphics Inc. | 2,200 | 63 | ||||
Central Glass Co. Ltd. | 3,300 | 63 | ||||
Heiwado Co. Ltd. | 4,600 | 63 | ||||
Nippon Carbon Co. Ltd. | 1,800 | 63 | ||||
Toshiba TEC Corp. | 3,000 | 63 | ||||
Topy Industries Ltd. | 3,100 | 63 | ||||
Duskin Co. Ltd. | 2,800 | 63 | ||||
Genky DrugStores Co. Ltd. | 1,400 | 63 | ||||
Funai Soken Holdings Inc. | 3,700 | 62 | ||||
Achilles Corp. | 5,800 | 62 | ||||
Kyokuyo Co. Ltd. | 2,600 | 62 | ||||
Meidensha Corp. | 3,500 | 62 | ||||
Miroku Jyoho Service Co. Ltd. | 4,800 | 62 | ||||
Nippon Densetsu Kogyo Co. Ltd. | 4,600 | 62 | ||||
Nippon Seiki Co. Ltd. | 6,000 | 62 | ||||
Okamoto Industries Inc. | 1,900 | 62 | ||||
YAMABIKO Corp. | 5,000 | 62 | ||||
Fuji Seal International Inc. | 4,500 | 61 | ||||
1 | Enplas Corp. | 1,100 | 61 | |||
Nihon Parkerizing Co. Ltd. | 7,300 | 61 | ||||
Transcosmos Inc. | 3,000 | 61 | ||||
TOKAI Holdings Corp. | 9,000 | 61 | ||||
BML Inc. | 3,200 | 60 | ||||
Maxell Ltd. | 5,800 | 60 | ||||
Mitsuboshi Belting Ltd. | 1,800 | 60 | ||||
Nishio Holdings Co. Ltd. | 2,300 | 60 | ||||
Noritsu Koki Co. Ltd. | 2,800 | 60 |
Shares | Market Value• ($000) | |||||
Raito Kogyo Co. Ltd. | 4,700 | 60 | ||||
AZ-COM MARUWA Holdings Inc. | 6,100 | 60 | ||||
PHC Holdings Corp. | 7,400 | 60 | ||||
Kosaido Holdings Co. Ltd. | 13,000 | 60 | ||||
Toyobo Co. Ltd. | 8,000 | 59 | ||||
Hokuto Corp. | 4,900 | 59 | ||||
Aeon Delight Co. Ltd. | 2,600 | 59 | ||||
Komori Corp. | 6,900 | 59 | ||||
Mitsuba Corp. | 6,100 | 59 | ||||
Shoei Foods Corp. | 1,900 | 59 | ||||
Tekken Corp. | 3,600 | 59 | ||||
Ai Holdings Corp. | 3,700 | 59 | ||||
GungHo Online Entertainment Inc. | 4,000 | 58 | ||||
Awa Bank Ltd. | 3,200 | 58 | ||||
Ichibanya Co. Ltd. | 7,000 | 58 | ||||
Cybozu Inc. | 4,700 | 58 | ||||
Toho Titanium Co. Ltd. | 5,300 | 58 | ||||
Towa Pharmaceutical Co. Ltd. | 3,100 | 58 | ||||
JINS Holdings Inc. | 2,100 | 58 | ||||
TOMONY Holdings Inc. | 21,200 | 58 | ||||
Asahi Diamond Industrial Co. Ltd. | 9,400 | 57 | ||||
Ichiyoshi Securities Co. Ltd. | 10,600 | 57 | ||||
KH Neochem Co. Ltd. | 3,800 | 57 | ||||
* | Raksul Inc. | 7,600 | 57 | |||
Furukawa Co. Ltd. | 4,700 | 56 | ||||
Futaba Industrial Co. Ltd. | 7,800 | 56 | ||||
JCR Pharmaceuticals Co. Ltd. | 9,300 | 56 | ||||
Onward Holdings Co. Ltd. | 16,300 | 56 | ||||
Sintokogio Ltd. | 7,200 | 56 | ||||
ESPEC Corp. | 3,000 | 56 | ||||
T Hasegawa Co. Ltd. | 2,700 | 56 | ||||
DKS Co. Ltd. | 2,400 | 56 | ||||
LITALICO Inc. | 3,800 | 56 | ||||
EDION Corp. | 5,400 | 55 | ||||
Retail Partners Co. Ltd. | 4,700 | 55 | ||||
Nissha Co. Ltd. | 5,500 | 55 | ||||
Totetsu Kogyo Co. Ltd. | 2,700 | 55 | ||||
Change Holdings Inc. | 5,600 | 55 | ||||
Septeni Holdings Co. Ltd. | 17,600 | 55 | ||||
Aisan Industry Co. Ltd. | 5,200 | 54 | ||||
Siix Corp. | 4,900 | 54 | ||||
Torii Pharmaceutical Co. Ltd. | 1,900 | 54 | ||||
Yuasa Trading Co. Ltd. | 1,600 | 54 | ||||
Nippon Light Metal Holdings Co. Ltd. | 4,690 | 54 | ||||
* | RENOVA Inc. | 7,300 | 54 |
Shares | Market Value• ($000) | |||||
Feed One Co. Ltd. | 7,780 | 54 | ||||
Sala Corp. | 10,100 | 54 | ||||
Yahagi Construction Co. Ltd. | 5,100 | 53 | ||||
San ju San Financial Group Inc. | 4,000 | 53 | ||||
MEC Co. Ltd. | 1,800 | 53 | ||||
Takara Bio Inc. | 7,600 | 52 | ||||
Shizuoka Gas Co. Ltd. | 8,400 | 52 | ||||
Nichicon Corp. | 6,300 | 52 | ||||
Uchida Yoko Co. Ltd. | 1,000 | 52 | ||||
Usen-Next Holdings Co. Ltd. | 1,700 | 52 | ||||
Iriso Electronics Co. Ltd. | 2,500 | 51 | ||||
Japan Pulp & Paper Co. Ltd. | 1,500 | 51 | ||||
Kurabo Industries Ltd. | 2,400 | 51 | ||||
Kohnan Shoji Co. Ltd. | 1,800 | 51 | ||||
Yokogawa Bridge Holdings Corp. | 2,700 | 51 | ||||
Starzen Co. Ltd. | 2,700 | 51 | ||||
Senshu Electric Co. Ltd. | 2,000 | 51 | ||||
Hioki EE Corp. | 1,100 | 50 | ||||
OSAKA Titanium Technologies Co. Ltd. | 2,800 | 50 | ||||
Nomura Co. Ltd. | 8,800 | 50 | ||||
SWCC Corp. | 2,200 | 50 | ||||
San-A Co. Ltd. | 1,600 | 49 | ||||
Idec Corp. | 2,600 | 49 | ||||
Kurimoto Ltd. | 2,200 | 49 | ||||
* | Nippon Sheet Glass Co. Ltd. | 14,000 | 49 | |||
Sakai Moving Service Co. Ltd. | 2,800 | 49 | ||||
Sato Holdings Corp. | 3,300 | 49 | ||||
Toyo Kanetsu KK | 1,600 | 49 | ||||
Kyorin Pharmaceutical Co. Ltd. | 4,100 | 49 | ||||
eGuarantee Inc. | 3,700 | 49 | ||||
Altech Corp. | 2,500 | 49 | ||||
Daiichi Jitsugyo Co. Ltd. | 3,600 | 48 | ||||
Ichigo Inc. | 18,300 | 48 | ||||
Matsuya Co. Ltd. | 7,400 | 48 | ||||
Future Corp. | 4,200 | 47 | ||||
Roland DG Corp. | 1,400 | 47 | ||||
Fuji Co. Ltd. | 3,700 | 47 | ||||
Piolax Inc. | 2,500 | 47 | ||||
Hyakujushi Bank Ltd. | 2,500 | 47 | ||||
Tachi-S Co. Ltd. | 3,400 | 47 | ||||
JAC Recruitment Co. Ltd. | 9,200 | 47 | ||||
CTI Engineering Co. Ltd. | 1,200 | 47 | ||||
Seikitokyu Kogyo Co. Ltd. | 3,600 | 47 | ||||
United Arrows Ltd. | 3,900 | 46 | ||||
Fukushima Galilei Co. Ltd. | 1,200 | 46 |
Shares | Market Value• ($000) | |||||
Intage Holdings Inc. | 3,500 | 46 | ||||
Ogaki Kyoritsu Bank Ltd. | 3,200 | 46 | ||||
NS United Kaiun Kaisha Ltd. | 1,300 | 46 | ||||
Showa Sangyo Co. Ltd. | 1,981 | 46 | ||||
WingArc1st Inc. | 2,300 | 46 | ||||
Teikoku Electric Manufacturing Co. Ltd. | 2,500 | 45 | ||||
Geo Holdings Corp. | 3,500 | 45 | ||||
* | HIS Co. Ltd. | 3,900 | 45 | |||
Maruzen Showa Unyu Co. Ltd. | 1,500 | 45 | ||||
Sanyo Chemical Industries Ltd. | 1,600 | 45 | ||||
Japan Transcity Corp. | 10,900 | 45 | ||||
Yokorei Co. Ltd. | 6,300 | 45 | ||||
Japan Best Rescue System Co. Ltd. | 6,800 | 45 | ||||
* | euglena Co. Ltd. | 11,000 | 45 | |||
Fixstars Corp. | 3,500 | 45 | ||||
VT Holdings Co. Ltd. | 12,700 | 44 | ||||
Dai Nippon Toryo Co. Ltd. | 5,700 | 44 | ||||
Nissan Shatai Co. Ltd. | 6,900 | 44 | ||||
Sanyo Special Steel Co. Ltd. | 2,900 | 44 | ||||
1 | Yondoshi Holdings Inc. | 3,500 | 44 | |||
Token Corp. | 700 | 44 | ||||
Nagawa Co. Ltd. | 900 | 44 | ||||
Chubu Steel Plate Co. Ltd. | 2,700 | 44 | ||||
Aiphone Co. Ltd. | 2,300 | 43 | ||||
Asahi Yukizai Corp. | 1,500 | 43 | ||||
Fujiya Co. Ltd. | 2,600 | 43 | ||||
TSI Holdings Co. Ltd. | 9,900 | 43 | ||||
Bank of the Ryukyus Ltd. | 5,500 | 42 | ||||
Anest Iwata Corp. | 4,600 | 42 | ||||
dip Corp. | 2,400 | 42 | ||||
KAWADA TECHNOLOGIES Inc. | 700 | 42 | ||||
Insource Co. Ltd. | 7,200 | 42 | ||||
Integrated Design & Engineering Holdings Co. Ltd. | 1,700 | 42 | ||||
Aichi Steel Corp. | 1,700 | 41 | ||||
* | ES-Con Japan Ltd. | 6,100 | 41 | |||
Kameda Seika Co. Ltd. | 1,400 | 41 | ||||
1 | Studio Alice Co. Ltd. | 3,000 | 41 | |||
Mitsui DM Sugar Holdings Co. Ltd. | 1,900 | 41 | ||||
Sumitomo Densetsu Co. Ltd. | 2,000 | 41 | ||||
Zojirushi Corp. | 4,400 | 41 | ||||
Bell System24 Holdings Inc. | 3,600 | 41 |
Shares | Market Value• ($000) | |||||
Kyokuto Kaihatsu Kogyo Co. Ltd. | 2,400 | 40 | ||||
Optex Group Co. Ltd. | 3,200 | 40 | ||||
Press Kogyo Co. Ltd. | 8,800 | 40 | ||||
Sanyo Denki Co. Ltd. | 900 | 40 | ||||
Sumitomo Riko Co. Ltd. | 4,700 | 40 | ||||
Unipres Corp. | 5,500 | 40 | ||||
Earth Corp. | 1,400 | 40 | ||||
Koshidaka Holdings Co. Ltd. | 6,400 | 40 | ||||
Create SD Holdings Co. Ltd. | 1,800 | 40 | ||||
Mirai Corp. | 135 | 40 | ||||
J Trust Co. Ltd. | 13,800 | 39 | ||||
CMK Corp. | 9,300 | 39 | ||||
Fujimori Kogyo Co. Ltd. | 1,500 | 39 | ||||
Fujibo Holdings Inc. | 1,300 | 39 | ||||
Ishihara Sangyo Kaisha Ltd. | 3,900 | 39 | ||||
Nippon Sharyo Ltd. | 2,400 | 39 | ||||
Rock Field Co. Ltd. | 3,500 | 39 | ||||
Shikoku Kasei Holdings Corp. | 3,100 | 39 | ||||
Sumida Corp. | 4,800 | 39 | ||||
Tamron Co. Ltd. | 900 | 39 | ||||
Tochigi Bank Ltd. | 17,200 | 39 | ||||
Yurtec Corp. | 4,400 | 39 | ||||
Vital KSK Holdings Inc. | 4,400 | 39 | ||||
One REIT Inc. | 23 | 39 | ||||
Aeon Hokkaido Corp. | 6,500 | 39 | ||||
Chilled & Frozen Logistics Holdings Co. Ltd. | 3,200 | 39 | ||||
Roland Corp. | 1,300 | 39 | ||||
Health Care & Medical Investment Corp. | 45 | 39 | ||||
Daiwa Industries Ltd. | 4,000 | 38 | ||||
Fujicco Co. Ltd. | 2,900 | 38 | ||||
Furuno Electric Co. Ltd. | 2,500 | 38 | ||||
Prestige International Inc. | 8,900 | 38 | ||||
G-Tekt Corp. | 2,800 | 38 | ||||
Trancom Co. Ltd. | 900 | 38 | ||||
WATAMI Co. Ltd. | 5,700 | 38 | ||||
Nichireki Co. Ltd. | 2,400 | 38 | ||||
Oita Bank Ltd. | 2,000 | 37 | ||||
Warabeya Nichiyo Holdings Co. Ltd. | 2,000 | 37 | ||||
Anicom Holdings Inc. | 9,400 | 37 | ||||
Vector Inc. | 4,500 | 37 | ||||
Hankyu Hanshin REIT Inc. | 41 | 37 | ||||
Procrea Holdings Inc. | 2,900 | 37 | ||||
TV Asahi Holdings Corp. | 2,800 | 36 | ||||
Computer Engineering & Consulting Ltd. | 2,900 | 36 | ||||
Hibiya Engineering Ltd. | 2,100 | 36 |
Shares | Market Value• ($000) | |||||
Digital Arts Inc. | 1,200 | 36 | ||||
Neturen Co. Ltd. | 5,200 | 36 | ||||
Nippon Signal Co. Ltd. | 5,300 | 36 | ||||
Ryoyo Electro Corp. | 1,300 | 36 | ||||
Sodick Co. Ltd. | 7,200 | 36 | ||||
Artience Co. Ltd. | 1,900 | 36 | ||||
Tsugami Corp. | 4,600 | 36 | ||||
Doutor Nichires Holdings Co. Ltd. | 2,600 | 36 | ||||
RS Technologies Co. Ltd. | 2,000 | 36 | ||||
TechMatrix Corp. | 2,700 | 36 | ||||
Arakawa Chemical Industries Ltd. | 4,600 | 35 | ||||
Hosokawa Micron Corp. | 1,100 | 35 | ||||
Komeri Co. Ltd. | 1,500 | 35 | ||||
Nippon Thompson Co. Ltd. | 8,000 | 35 | ||||
Okura Industrial Co. Ltd. | 1,600 | 35 | ||||
Riken Technos Corp. | 5,300 | 35 | ||||
Pack Corp. | 1,500 | 35 | ||||
Yonex Co. Ltd. | 4,600 | 35 | ||||
Qol Holdings Co. Ltd. | 3,200 | 35 | ||||
* | Istyle Inc. | 11,000 | 35 | |||
Osaka Organic Chemical Industry Ltd. | 1,600 | 35 | ||||
Nippon Fine Chemical Co. Ltd. | 2,000 | 35 | ||||
ESCON Japan REIT Investment Corp. | 46 | 35 | ||||
Ines Corp. | 3,200 | 34 | ||||
Kanto Denka Kogyo Co. Ltd. | 5,600 | 34 | ||||
Sumitomo Mitsui Construction Co. Ltd. | 11,800 | 34 | ||||
Mitsubishi Research Institute Inc. | 1,000 | 34 | ||||
TRE Holdings Corp. | 4,200 | 34 | ||||
Furuya Metal Co. Ltd. | 500 | 34 | ||||
Inageya Co. Ltd. | 3,900 | 33 | ||||
Nichiban Co. Ltd. | 2,600 | 33 | ||||
Shikoku Bank Ltd. | 4,400 | 33 | ||||
Tanseisha Co. Ltd. | 6,300 | 33 | ||||
Daikyonishikawa Corp. | 6,600 | 33 | ||||
YAKUODO Holdings Co. Ltd. | 1,700 | 33 | ||||
Goldcrest Co. Ltd. | 2,100 | 32 | ||||
Tocalo Co. Ltd. | 2,800 | 32 | ||||
Broadleaf Co. Ltd. | 8,600 | 32 | ||||
Akita Bank Ltd. | 2,200 | 31 | ||||
1 | Riso Kyoiku Co. Ltd. | 21,100 | 31 | |||
Chiyoda Integre Co. Ltd. | 1,800 | 31 | ||||
Dainichiseika Color & Chemicals Manufacturing Co. Ltd. | 1,700 | 31 | ||||
Infocom Corp. | 2,000 | 31 |
Shares | Market Value• ($000) | |||||
Pacific Industrial Co. Ltd. | 3,100 | 31 | ||||
Sekisui Jushi Corp. | 1,800 | 31 | ||||
Senko Group Holdings Co. Ltd. | 4,400 | 31 | ||||
Shima Seiki Manufacturing Ltd. | 3,400 | 31 | ||||
Tamura Corp. | 8,300 | 31 | ||||
TOC Co. Ltd. | 7,000 | 31 | ||||
Yamagata Bank Ltd. | 3,900 | 31 | ||||
Noevir Holdings Co. Ltd. | 900 | 31 | ||||
* | Vision Inc. | 3,800 | 31 | |||
Elan Corp. | 4,800 | 31 | ||||
ASKA Pharmaceutical Holdings Co. Ltd. | 2,200 | 31 | ||||
Itoham Yonekyu Holdings Inc. | 1,080 | 30 | ||||
Daido Metal Co. Ltd. | 8,000 | 30 | ||||
Futaba Corp. | 8,900 | 30 | ||||
Kyodo Printing Co. Ltd. | 1,400 | 30 | ||||
Riken Vitamin Co. Ltd. | 1,800 | 30 | ||||
Star Micronics Co. Ltd. | 2,500 | 30 | ||||
Tenma Corp. | 1,900 | 30 | ||||
Toho Bank Ltd. | 13,000 | 30 | ||||
Hoosiers Holdings Co. Ltd. | 4,100 | 30 | ||||
Konoike Transport Co. Ltd. | 2,400 | 30 | ||||
Fudo Tetra Corp. | 2,000 | 29 | ||||
Fukui Bank Ltd. | 2,300 | 29 | ||||
Komatsu Matere Co. Ltd. | 5,600 | 29 | ||||
Shinko Shoji Co. Ltd. | 3,600 | 29 | ||||
SRA Holdings | 1,100 | 29 | ||||
Tsubaki Nakashima Co. Ltd. | 5,700 | 29 | ||||
ZIGExN Co. Ltd. | 7,800 | 29 | ||||
Yamashin-Filter Corp. | 11,300 | 29 | ||||
Avant Group Corp. | 3,200 | 29 | ||||
Bunka Shutter Co. Ltd. | 2,700 | 28 | ||||
V Technology Co. Ltd. | 1,600 | 28 | ||||
Seikagaku Corp. | 5,500 | 28 | ||||
Shibusawa Warehouse Co. Ltd. | 1,400 | 28 | ||||
Tsukishima Holdings Co. Ltd. | 2,900 | 28 | ||||
*,1 | Snow Peak Inc. | 3,400 | 28 | |||
Nisso Holdings Co. Ltd. | 5,000 | 28 | ||||
Axial Retailing Inc. | 1,000 | 27 | ||||
Key Coffee Inc. | 2,000 | 27 | ||||
Mandom Corp. | 3,000 | 27 | ||||
Nippon Road Co. Ltd. | 2,000 | 27 | ||||
Sakai Chemical Industry Co. Ltd. | 2,000 | 27 | ||||
Zenrin Co. Ltd. | 4,800 | 27 | ||||
COLOPL Inc. | 7,100 | 27 | ||||
Nittoku Co. Ltd. | 2,100 | 27 |
Shares | Market Value• ($000) | |||||
* | Demae-Can Co. Ltd. | 10,400 | 27 | |||
KPP Group Holdings Co. Ltd. | 6,200 | 27 | ||||
Raysum Co. Ltd. | 1,100 | 27 | ||||
Shinwa Co. Ltd. | 1,600 | 26 | ||||
Koa Corp. | 2,600 | 26 | ||||
CMIC Holdings Co. Ltd. | 1,500 | 26 | ||||
Rheon Automatic Machinery Co. Ltd. | 2,700 | 26 | ||||
Sumitomo Seika Chemicals Co. Ltd. | 800 | 26 | ||||
CI Takiron Corp. | 5,900 | 26 | ||||
Tayca Corp. | 2,500 | 26 | ||||
Toa Corp. (XTKS) | 3,500 | 26 | ||||
Yokowo Co. Ltd. | 2,500 | 26 | ||||
NEC Capital Solutions Ltd. | 1,000 | 26 | ||||
Mie Kotsu Group Holdings Inc. | 6,400 | 26 | ||||
Takaoka Toko Co. Ltd. | 1,600 | 26 | ||||
1 | eRex Co. Ltd. | 5,300 | 26 | |||
Ebase Co. Ltd. | 4,800 | 26 | ||||
Oro Co. Ltd. | 1,400 | 26 | ||||
Daiki Aluminium Industry Co. Ltd. | 3,300 | 26 | ||||
Ki-Star Real Estate Co. Ltd. | 1,100 | 26 | ||||
Asanuma Corp. | 900 | 26 | ||||
Autobacs Seven Co. Ltd. | 2,200 | 25 | ||||
Aida Engineering Ltd. | 4,400 | 25 | ||||
Obara Group Inc. | 1,000 | 25 | ||||
Fukuda Corp. | 700 | 25 | ||||
JSP Corp. | 1,700 | 25 | ||||
Nihon Nohyaku Co. Ltd. | 5,200 | 25 | ||||
Nissin Corp. | 1,300 | 25 | ||||
Dai-Dan Co. Ltd. | 2,000 | 25 | ||||
Tosei Corp. | 1,800 | 25 | ||||
Shin Nippon Biomedical Laboratories Ltd. | 2,300 | 25 | ||||
Ryoden Corp. | 1,400 | 25 | ||||
Alconix Corp. | 2,600 | 25 | ||||
Sankyo Tateyama Inc. | 4,400 | 25 | ||||
Oriental Shiraishi Corp. | 9,400 | 25 | ||||
Takatori Corp. | 800 | 25 | ||||
Exedy Corp. | 1,200 | 24 | ||||
Weathernews Inc. | 700 | 24 | ||||
Kanaden Corp. | 2,300 | 24 | ||||
Marudai Food Co. Ltd. | 2,200 | 24 | ||||
Nohmi Bosai Ltd. | 1,600 | 24 | ||||
Nissei ASB Machine Co. Ltd. | 800 | 24 | ||||
Shin-Etsu Polymer Co. Ltd. | 2,300 | 24 | ||||
* | Tatsuta Electric Wire & Cable Co. Ltd. | 5,200 | 24 | |||
Toenec Corp. | 700 | 24 |
Shares | Market Value• ($000) | |||||
JDC Corp. | 6,900 | 24 | ||||
Nafco Co. Ltd. | 1,400 | 24 | ||||
1 | Abalance Corp. | 1,800 | 24 | |||
Avex Inc. | 2,700 | 23 | ||||
Chuo Spring Co. Ltd. | 4,700 | 23 | ||||
Nihon Tokushu Toryo Co. Ltd. | 2,400 | 23 | ||||
France Bed Holdings Co. Ltd. | 2,600 | 23 | ||||
Sanoh Industrial Co. Ltd. | 3,300 | 23 | ||||
Solasto Corp. | 6,400 | 23 | ||||
Midac Holdings Co. Ltd. | 2,200 | 23 | ||||
Cosel Co. Ltd. | 2,100 | 22 | ||||
FULLCAST Holdings Co. Ltd. | 2,100 | 22 | ||||
Fuji Pharma Co. Ltd. | 1,900 | 22 | ||||
Kintetsu Department Store Co. Ltd. | 1,400 | 22 | ||||
Restar Holdings Corp. | 1,100 | 22 | ||||
m-up Holdings Inc. | 2,900 | 22 | ||||
Happinet Corp. | 1,000 | 21 | ||||
Chofu Seisakusho Co. Ltd. | 1,500 | 21 | ||||
Chubu Shiryo Co. Ltd. | 2,600 | 21 | ||||
Hokkaido Gas Co. Ltd. | 1,400 | 21 | ||||
Nippon Parking Development Co. Ltd. | 17,100 | 21 | ||||
Nachi-Fujikoshi Corp. | 900 | 21 | ||||
* | Nippon Chemi-Con Corp. | 2,300 | 21 | |||
SBS Holdings Inc. | 1,300 | 21 | ||||
Xebio Holdings Co. Ltd. | 3,200 | 21 | ||||
World Co. Ltd. | 1,600 | 21 | ||||
Nippon Beet Sugar Manufacturing Co. Ltd. | 1,400 | 20 | ||||
Nitta Corp. | 800 | 20 | ||||
Macromill Inc. | 3,900 | 20 | ||||
Yukiguni Maitake Co. Ltd. | 2,900 | 20 | ||||
Nippon Rietec Co. Ltd. | 2,400 | 20 | ||||
Central Security Patrols Co. Ltd. | 1,100 | 19 | ||||
* | Jamco Corp. | 2,200 | 19 | |||
Joshin Denki Co. Ltd. | 1,200 | 19 | ||||
Kyosan Electric Manufacturing Co. Ltd. | 6,000 | 19 | ||||
Nakayama Steel Works Ltd. | 3,100 | 19 | ||||
Digital Holdings Inc. | 2,500 | 19 | ||||
Nihon Chouzai Co. Ltd. | 2,000 | 19 | ||||
Gree Inc. | 5,700 | 19 | ||||
METAWATER Co. Ltd. | 1,200 | 19 | ||||
Fibergate Inc. | 2,700 | 19 | ||||
Fuso Pharmaceutical Industries Ltd. | 1,200 | 18 | ||||
J-Oil Mills Inc. | 1,400 | 18 |
Shares | Market Value• ($000) | |||||
Nippon Ceramic Co. Ltd. | 1,000 | 18 | ||||
Osaka Steel Co. Ltd. | 1,200 | 18 | ||||
Tokyu Construction Co. Ltd. | 3,300 | 18 | ||||
Sekisui Kasei Co. Ltd. | 5,700 | 18 | ||||
Asahi Co. Ltd. | 2,000 | 18 | ||||
Tv Tokyo Holdings Corp. | 900 | 18 | ||||
*,1 | Japan Display Inc. | 131,700 | 18 | |||
Tosei REIT Investment Corp. | 20 | 18 | ||||
* | Akebono Brake Industry Co. Ltd. | 21,600 | 17 | |||
Chiyoda Co. Ltd. | 3,000 | 17 | ||||
Ichikoh Industries Ltd. | 4,600 | 17 | ||||
Kansai Food Market Ltd. | 1,700 | 17 | ||||
Nitto Kohki Co. Ltd. | 1,300 | 17 | ||||
Yorozu Corp. | 2,700 | 17 | ||||
FIDEA Holdings Co. Ltd. | 1,600 | 17 | ||||
YA-MAN Ltd. | 2,600 | 17 | ||||
Mirarth Holdings Inc. | 4,800 | 16 | ||||
Hochiki Corp. | 1,100 | 16 | ||||
Tomoku Co. Ltd. | 1,000 | 16 | ||||
Takamiya Co. Ltd. | 4,200 | 16 | ||||
Chori Co. Ltd. | 700 | 15 | ||||
Hodogaya Chemical Co. Ltd. | 600 | 15 | ||||
* | Sourcenext Corp. | 17,100 | 15 | |||
* | KNT-CT Holdings Co. Ltd. | 1,800 | 15 | |||
Saibu Gas Holdings Co. Ltd. | 1,200 | 15 | ||||
Sanki Engineering Co. Ltd. | 1,100 | 15 | ||||
Takasago International Corp. | 700 | 15 | ||||
S-Pool Inc. | 6,900 | 15 | ||||
I-PEX Inc. | 1,200 | 15 | ||||
Taiho Kogyo Co. Ltd. | 2,400 | 14 | ||||
Corona Corp. Class A | 2,200 | 14 | ||||
Oiles Corp. | 1,000 | 14 | ||||
Onoken Co. Ltd. | 1,200 | 14 | ||||
* | Pacific Metals Co. Ltd. | 1,600 | 14 | |||
ValueCommerce Co. Ltd. | 1,800 | 14 | ||||
Kamakura Shinsho Ltd. | 3,400 | 14 | ||||
Airtrip Corp. | 1,400 | 14 | ||||
Belluna Co. Ltd. | 3,100 | 13 | ||||
Central Sports Co. Ltd. | 800 | 13 | ||||
* | FDK Corp. | 2,700 | 13 | |||
Iseki & Co. Ltd. | 1,900 | 13 | ||||
Shimizu Bank Ltd. | 1,200 | 13 | ||||
Halows Co. Ltd. | 400 | 12 | ||||
Ohara Inc. | 1,400 | 12 | ||||
Medical Data Vision Co. Ltd. | 3,200 | 12 | ||||
Alpha Systems Inc. | 500 | 11 |
Shares | Market Value• ($000) | |||||
Aeon Fantasy Co. Ltd. | 700 | 11 | ||||
Matsuda Sangyo Co. Ltd. | 700 | 11 | ||||
Noritz Corp. | 1,000 | 11 | ||||
Tsutsumi Jewelry Co. Ltd. | 800 | 11 | ||||
Daito Pharmaceutical Co. Ltd. | 770 | 11 | ||||
Robot Home Inc. | 10,000 | 11 | ||||
Moriroku Holdings Co. Ltd. | 600 | 11 | ||||
Proto Corp. | 1,200 | 11 | ||||
Eiken Chemical Co. Ltd. | 800 | 10 | ||||
Shibuya Corp. | 500 | 10 | ||||
TPR Co. Ltd. | 700 | 10 | ||||
Union Tool Co. | 400 | 10 | ||||
World Holdings Co. Ltd. | 600 | 10 | ||||
Tokushu Tokai Paper Co. Ltd. | 400 | 10 | ||||
SB Technology Corp. | 700 | 10 | ||||
Takamatsu Construction Group Co. Ltd. | 500 | 9 | ||||
Nichiden Corp. | 500 | 9 | ||||
Toho Zinc Co. Ltd. | 1,400 | 9 | ||||
LIFULL Co. Ltd. | 7,700 | 9 | ||||
* | Net Protections Holdings Inc. | 7,000 | 9 | |||
DyDo Group Holdings Inc. | 400 | 8 | ||||
Gecoss Corp. | 1,100 | 8 | ||||
T-Gaia Corp. | 600 | 8 | ||||
Towa Bank Ltd. | 1,700 | 8 | ||||
Alpen Co. Ltd. | 600 | 8 | ||||
Matsui Securities Co. Ltd. | 1,300 | 7 | ||||
MTI Ltd. | 1,400 | 7 | ||||
Koatsu Gas Kogyo Co. Ltd. | 1,200 | 7 | ||||
Marvelous Inc. | 1,400 | 7 | ||||
* | TerraSky Co. Ltd. | 700 | 7 | |||
Advan Group Co. Ltd. | 800 | 6 | ||||
Cleanup Corp. | 1,200 | 6 | ||||
Tokai Corp. | 400 | 6 | ||||
Tokyo Base Co. Ltd. | 2,700 | 6 | ||||
Direct Marketing MiX Inc. | 2,700 | 6 | ||||
Linical Co. Ltd. | 1,900 | 5 | ||||
* | Open Door Inc. | 1,000 | 5 | |||
Raccoon Holdings Inc. | 1,100 | 5 | ||||
Orient Corp. | 500 | 4 | ||||
Wowow Inc. | 500 | 4 | ||||
Okuwa Co. Ltd. | 700 | 4 | ||||
Gakken Holdings Co. Ltd. | 400 | 3 | ||||
* | Gurunavi Inc. | 1,600 | 3 | |||
Japan Medical Dynamic Marketing Inc. | 700 | 3 |
Shares | Market Value• ($000) | |||||
Shindengen Electric Manufacturing Co. Ltd. | 100 | 2 | ||||
Taki Chemical Co. Ltd. | 100 | 2 | ||||
Media Do Co. Ltd. | 200 | 2 | ||||
Airport Facilities Co. Ltd. | 200 | 1 | ||||
663,845 | ||||||
Kuwait (0.3%) | ||||||
Kuwait Finance House KSCP | 1,526,893 | 4,023 | ||||
National Bank of Kuwait SAKP | 1,233,951 | 3,932 | ||||
Mobile Telecommunications Co. KSCP | 384,205 | 628 | ||||
* | Agility Public Warehousing Co. KSC | 236,894 | 463 | |||
Boubyan Bank KSCP | 205,885 | 430 | ||||
Mabanee Co. KPSC | 113,213 | 301 | ||||
Gulf Bank KSCP | 296,263 | 284 | ||||
National Industries Group Holding SAK | 355,789 | 277 | ||||
Warba Bank KSCP | 209,136 | 128 | ||||
* | Kuwait Projects Co. Holding KSCP | 285,899 | 117 | |||
Burgan Bank SAK | 165,785 | 112 | ||||
Boursa Kuwait Securities Co. KPSC | 16,677 | 111 | ||||
Kuwait Telecommunications Co. | 51,605 | 102 | ||||
Salhia Real Estate Co. KSCP | 66,894 | 100 | ||||
Kuwait International Bank KSCP | 150,793 | 81 | ||||
Integrated Holding Co. KCSC | 46,810 | 75 | ||||
* | Alimtiaz Investment Group KSC | 393,277 | 72 | |||
Jazeera Airways Co. KSCP | 15,409 | 56 | ||||
* | National Real Estate Co. KPSC | 206,404 | 53 | |||
11,345 | ||||||
Malaysia (0.5%) | ||||||
Malayan Banking Bhd. | 1,142,800 | 2,296 | ||||
Public Bank Bhd. | 2,276,400 | 2,113 | ||||
CIMB Group Holdings Bhd. | 1,245,500 | 1,696 | ||||
Petronas Chemicals Group Bhd. | 446,400 | 659 | ||||
Celcomdigi Bhd. | 648,100 | 595 | ||||
IHH Healthcare Bhd. | 432,400 | 560 | ||||
Press Metal Aluminium Holdings Bhd. | 550,500 | 543 | ||||
Sime Darby Plantation Bhd. | 575,200 | 526 | ||||
MISC Bhd. | 267,674 | 429 |
Shares | Market Value• ($000) | |||||
Gamuda Bhd. | 359,500 | 401 | ||||
Axiata Group Bhd. | 684,600 | 401 | ||||
Kuala Lumpur Kepong Bhd. | 84,600 | 400 | ||||
IOI Corp. Bhd. | 456,900 | 383 | ||||
Inari Amertron Bhd. | 546,700 | 366 | ||||
Malaysia Airports Holdings Bhd. | 195,100 | 349 | ||||
Sime Darby Bhd. | 597,800 | 342 | ||||
Maxis Bhd. | 435,900 | 342 | ||||
PPB Group Bhd. | 102,700 | 338 | ||||
Hong Leong Bank Bhd. | 79,000 | 328 | ||||
TIME dotCom Bhd. | 280,500 | 325 | ||||
RHB Bank Bhd. | 252,500 | 298 | ||||
AMMB Holdings Bhd. | 296,200 | 271 | ||||
Nestle Malaysia Bhd. | 10,100 | 266 | ||||
Telekom Malaysia Bhd. | 178,782 | 228 | ||||
Alliance Bank Malaysia Bhd. | 261,000 | 196 | ||||
QL Resources Bhd. | 141,500 | 173 | ||||
My EG Services Bhd. | 1,007,800 | 171 | ||||
Bermaz Auto Bhd. | 324,300 | 167 | ||||
KPJ Healthcare Bhd. | 474,900 | 165 | ||||
Bursa Malaysia Bhd. | 102,900 | 162 | ||||
* | Top Glove Corp. Bhd. | 888,400 | 151 | |||
Fraser & Neave Holdings Bhd. | 23,500 | 146 | ||||
Pentamaster Corp. Bhd. | 160,950 | 146 | ||||
* | Hartalega Holdings Bhd. | 274,600 | 145 | |||
Frontken Corp. Bhd. | 174,200 | 135 | ||||
HAP Seng Consolidated Bhd. | 138,500 | 129 | ||||
2 | MR DIY Group M Bhd. | 376,900 | 124 | |||
Malaysian Pacific Industries Bhd. | 19,700 | 121 | ||||
FGV Holdings Bhd. | 378,900 | 116 | ||||
Malaysia Building Society Bhd. | 716,600 | 115 | ||||
Padini Holdings Bhd. | 159,600 | 114 | ||||
Hong Leong Financial Group Bhd. | 26,900 | 96 | ||||
United Plantations Bhd. | 20,400 | 95 | ||||
Scientex Bhd. | 111,400 | 91 | ||||
* | D&O Green Technologies Bhd. | 129,900 | 91 | |||
Syarikat Takaful Malaysia Keluarga Bhd. | 112,600 | 88 | ||||
Malaysian Resources Corp. Bhd. | 663,900 | 82 | ||||
* | Chin Hin Group Bhd. | 90,500 | 74 | |||
Kossan Rubber Industries Bhd. | 185,000 | 73 | ||||
* | UWC Bhd. | 98,400 | 71 | |||
CTOS Digital Bhd. | 221,500 | 71 | ||||
VS Industry Bhd. | 434,600 | 68 | ||||
* | Greatech Technology Bhd. | 62,200 | 63 |
Shares | Market Value• ($000) | |||||
UEM Sunrise Bhd. | 235,100 | 52 | ||||
*,2 | Lotte Chemical Titan Holding Bhd. | 192,400 | 48 | |||
SP Setia Bhd. Group | 239,100 | 43 | ||||
WCT Holdings Bhd. | 339,300 | 38 | ||||
Astro Malaysia Holdings Bhd. | 306,900 | 23 | ||||
Cahya Mata Sarawak Bhd. | 102,500 | 21 | ||||
18,119 | ||||||
Mexico (0.9%) | ||||||
Grupo Financiero Banorte SAB de CV | 482,400 | 4,988 | ||||
Fomento Economico Mexicano SAB de CV | 305,223 | 3,811 | ||||
America Movil SAB de CV Class B | 3,853,841 | 3,609 | ||||
Wal-Mart de Mexico SAB de CV | 857,100 | 3,432 | ||||
* | Cemex SAB de CV | 2,579,700 | 1,972 | |||
Grupo Bimbo SAB de CV Class A | 372,334 | 1,558 | ||||
Grupo Aeroportuario del Sureste SAB de CV Class B | 35,735 | 1,048 | ||||
Grupo Aeroportuario del Pacifico SAB de CV Class B | 66,330 | 979 | ||||
* | Grupo Financiero Inbursa SAB de CV | 315,500 | 957 | |||
Coca-Cola Femsa SAB de CV | 95,120 | 928 | ||||
Fibra Uno Administracion SA de CV | 455,500 | 823 | ||||
Arca Continental SAB de CV | 65,500 | 706 | ||||
Grupo Elektra SAB de CV | 9,200 | 642 | ||||
Grupo Carso SAB de CV | 70,893 | 613 | ||||
Gruma SAB de CV Class B | 31,930 | 569 | ||||
Grupo Comercial Chedraui SA de CV | 72,200 | 554 | ||||
Corp. Inmobiliaria Vesta SAB de CV | 129,200 | 453 | ||||
2 | Banco del Bajio SA | 114,100 | 425 | |||
Prologis Property Mexico SA de CV | 94,237 | 424 | ||||
TF Administradora Industrial S de RL de CV | 174,100 | 416 | ||||
Grupo Aeroportuario del Centro Norte SAB de CV Class B | 47,753 | 414 | ||||
2 | FIBRA Macquarie Mexico | 178,663 | 351 | |||
Regional SAB de CV | 36,700 | 342 |
Shares | Market Value• ($000) | |||||
* | Alsea SAB de CV | 82,600 | 317 | |||
Qualitas Controladora SAB de CV | 24,600 | 276 | ||||
Grupo Televisa SAB | 441,300 | 264 | ||||
Orbia Advance Corp. SAB de CV | 138,600 | 256 | ||||
Kimberly-Clark de Mexico SAB de CV Class A | 112,300 | 250 | ||||
* | Industrias Penoles SAB de CV | 19,130 | 240 | |||
El Puerto de Liverpool SAB de CV | 31,600 | 231 | ||||
Gentera SAB de CV | 150,500 | 226 | ||||
Operadora De Sites Mexicanos SAB de CV | 181,600 | 211 | ||||
La Comer SAB de CV | 86,700 | 203 | ||||
Bolsa Mexicana de Valores SAB de CV | 55,300 | 119 | ||||
Megacable Holdings SAB de CV | 40,500 | 104 | ||||
* | Controladora Vuela Cia de Aviacion SAB de CV Class A | 143,500 | 104 | |||
*,2 | Grupo Traxion SAB de CV Class A | 53,400 | 97 | |||
* | Sitios Latinoamerica SAB de CV | 272,347 | 96 | |||
Genomma Lab Internacional SAB de CV Class B | 111,900 | 86 | ||||
*,2 | Nemak SAB de CV | 327,600 | 67 | |||
Grupo Rotoplas SAB de CV | 25,441 | 44 | ||||
* | Ollamani SAB | 22,065 | 37 | |||
Concentradora Fibra Danhos SA de CV | 25,700 | 31 | ||||
Alpek SAB de CV Class A | 32,100 | 21 | ||||
33,294 | ||||||
Netherlands (3.7%) | ||||||
ASML Holding NV | 65,357 | 62,024 | ||||
ING Groep NV | 596,290 | 8,206 | ||||
*,2 | Adyen NV | 4,888 | 7,734 | |||
Prosus NV | 251,593 | 7,349 | ||||
Wolters Kluwer NV | 40,958 | 6,468 | ||||
Koninklijke Ahold Delhaize NV | 161,930 | 4,823 | ||||
ASM International NV | 7,791 | 4,758 | ||||
Universal Music Group NV | 123,652 | 3,733 | ||||
DSM-Firmenich AG | 28,899 | 3,097 | ||||
* | Koninklijke Philips NV | 130,657 | 2,632 | |||
BE Semiconductor Industries NV | 12,671 | 2,295 | ||||
Akzo Nobel NV | 29,242 | 2,132 | ||||
NN Group NV | 47,354 | 2,113 |
Shares | Market Value• ($000) | |||||
Koninklijke KPN NV | 562,779 | 2,057 | ||||
Aegon Ltd. | 290,226 | 1,744 | ||||
EXOR NV | 15,778 | 1,704 | ||||
IMCD NV | 9,887 | 1,508 | ||||
2 | Euronext NV | 14,062 | 1,296 | |||
ASR Nederland NV | 25,315 | 1,168 | ||||
2 | ABN AMRO Bank NV | 66,080 | 1,064 | |||
Randstad NV | 19,220 | 1,060 | ||||
2 | Signify NV | 22,272 | 599 | |||
*,2 | Just Eat Takeaway.com NV | 32,964 | 544 | |||
* | InPost SA | 32,579 | 509 | |||
Allfunds Group plc | 59,019 | 420 | ||||
OCI NV | 15,690 | 414 | ||||
JDE Peet's NV | 16,830 | 384 | ||||
TKH Group NV | 9,076 | 379 | ||||
Koninklijke Vopak NV | 10,163 | 378 | ||||
* | Galapagos NV | 7,324 | 258 | |||
2 | CTP NV | 14,096 | 229 | |||
APERAM SA | 7,156 | 219 | ||||
Corbion NV | 10,906 | 207 | ||||
*,2 | Basic-Fit NV | 7,386 | 199 | |||
*,1,2 | Alfen NV | 3,351 | 181 | |||
Van Lanschot Kempen NV | 4,750 | 162 | ||||
Eurocommercial Properties NV | 6,306 | 135 | ||||
PostNL NV | 52,070 | 74 | ||||
* | TomTom NV | 8,898 | 72 | |||
Wereldhave NV | 4,375 | 63 | ||||
Flow Traders Ltd. | 2,694 | 48 | ||||
Vastned Retail NV | 1,740 | 40 | ||||
Brunel International NV | 3,101 | 35 | ||||
NSI NV | 1,453 | 29 | ||||
* | Ebusco Holding NV | 307 | 1 | |||
134,544 | ||||||
New Zealand (0.3%) | ||||||
Fisher & Paykel Healthcare Corp. Ltd. | 98,107 | 1,460 | ||||
Auckland International Airport Ltd. | 237,187 | 1,171 | ||||
Spark New Zealand Ltd. | 350,994 | 1,084 | ||||
Meridian Energy Ltd. | 233,374 | 850 | ||||
Infratil Ltd. | 121,747 | 765 | ||||
EBOS Group Ltd. | 25,465 | 574 | ||||
Mainfreight Ltd. | 13,338 | 550 | ||||
* | a2 Milk Co. Ltd. | 135,168 | 510 | |||
Mercury NZ Ltd. | 92,026 | 375 | ||||
Fletcher Building Ltd. | 120,526 | 301 | ||||
Summerset Group Holdings Ltd. | 43,015 | 289 | ||||
Chorus Ltd. | 56,007 | 271 | ||||
* | Ryman Healthcare Ltd. | 90,946 | 257 | |||
Precinct Properties Group | 167,459 | 119 | ||||
Stride Property Group | 134,058 | 107 |
Shares | Market Value• ($000) | |||||
1 | Heartland Group Holdings Ltd. | 135,080 | 101 | |||
Kiwi Property Group Ltd. | 189,016 | 97 | ||||
Freightways Group Ltd. | 18,588 | 96 | ||||
SKY Network Television Ltd. | 49,271 | 83 | ||||
Vector Ltd. | 30,069 | 69 | ||||
Argosy Property Ltd. | 97,257 | 66 | ||||
Air New Zealand Ltd. | 166,443 | 62 | ||||
Scales Corp. Ltd. | 9,888 | 19 | ||||
* | Synlait Milk Ltd. | 7,302 | 3 | |||
9,279 | ||||||
Norway (0.5%) | ||||||
DNB Bank ASA | 170,674 | 3,418 | ||||
Mowi ASA | 76,628 | 1,480 | ||||
Norsk Hydro ASA | 226,535 | 1,163 | ||||
Telenor ASA | 100,663 | 1,101 | ||||
Yara International ASA | 28,978 | 902 | ||||
Orkla ASA | 117,817 | 845 | ||||
Storebrand ASA | 78,011 | 697 | ||||
Salmar ASA | 10,952 | 696 | ||||
Bakkafrost P/F | 9,128 | 570 | ||||
Schibsted ASA Class A | 18,609 | 556 | ||||
TOMRA Systems ASA | 41,011 | 546 | ||||
* | Adevinta ASA | 43,226 | 462 | |||
SpareBank 1 SMN | 32,459 | 442 | ||||
SpareBank 1 SR-Bank ASA | 33,329 | 403 | ||||
Gjensidige Forsikring ASA | 24,733 | 391 | ||||
Hafnia Ltd. | 39,347 | 290 | ||||
Schibsted ASA Class B | 10,330 | 288 | ||||
* | Nordic Semiconductor ASA | 31,115 | 266 | |||
*,2 | AutoStore Holdings Ltd. | 152,530 | 244 | |||
Borregaard ASA | 14,037 | 243 | ||||
Aker ASA Class A | 3,413 | 184 | ||||
Leroy Seafood Group ASA | 41,419 | 183 | ||||
Protector Forsikring ASA | 8,976 | 182 | ||||
2 | Europris ASA | 23,888 | 165 | |||
2 | BW LPG Ltd. | 13,321 | 154 | |||
Atea ASA | 12,433 | 146 | ||||
Wallenius Wilhelmsen ASA | 14,719 | 141 | ||||
Hoegh Autoliners ASA | 13,954 | 136 | ||||
Veidekke ASA | 12,574 | 131 | ||||
* | NEL ASA | 266,701 | 124 | |||
2 | Scatec ASA | 17,718 | 110 | |||
FLEX LNG Ltd. | 4,302 | 108 | ||||
Stolt-Nielsen Ltd. | 2,864 | 107 | ||||
2 | Entra ASA | 9,765 | 96 | |||
2 | Elkem ASA | 47,514 | 95 | |||
*,2 | Crayon Group Holding ASA | 12,606 | 91 |
Shares | Market Value• ($000) | |||||
Austevoll Seafood ASA | 11,638 | 88 | ||||
MPC Container Ships ASA | 53,024 | 68 | ||||
Bonheur ASA | 3,216 | 66 | ||||
Sparebank 1 Oestlandet | 4,578 | 54 | ||||
Grieg Seafood ASA | 8,499 | 52 | ||||
* | Aker Carbon Capture ASA | 50,252 | 38 | |||
* | Hexagon Composites ASA | 18,579 | 38 | |||
Wilh Wilhelmsen Holding ASA Class A | 1,040 | 36 | ||||
*,1 | Aker Horizons ASA | 38,312 | 14 | |||
17,610 | ||||||
Pakistan (0.0%) | ||||||
Lucky Cement Ltd. | 23,964 | 65 | ||||
Millat Tractors Ltd. | 24,824 | 54 | ||||
United Bank Ltd. | 78,951 | 54 | ||||
Habib Bank Ltd. | 121,342 | 50 | ||||
Engro Fertilizers Ltd. | 92,446 | 49 | ||||
* | TRG Pakistan | 98,500 | 25 | |||
Systems Ltd. | 16,462 | 24 | ||||
321 | ||||||
Philippines (0.2%) | ||||||
BDO Unibank Inc. | 416,284 | 1,134 | ||||
SM Prime Holdings Inc. | 1,855,600 | 1,043 | ||||
International Container Terminal Services Inc. | 192,280 | 987 | ||||
Ayala Land Inc. | 1,290,400 | 804 | ||||
Bank of the Philippine Islands | 318,063 | 708 | ||||
JG Summit Holdings Inc. | 485,200 | 354 | ||||
PLDT Inc. | 14,160 | 330 | ||||
Jollibee Foods Corp. | 63,100 | 307 | ||||
Metropolitan Bank & Trust Co. | 277,327 | 306 | ||||
Universal Robina Corp. | 131,150 | 273 | ||||
2 | Monde Nissin Corp. | 1,126,700 | 201 | |||
GT Capital Holdings Inc. | 13,970 | 175 | ||||
Globe Telecom Inc. | 4,295 | 131 | ||||
Century Pacific Food Inc. | 173,700 | 104 | ||||
Wilcon Depot Inc. | 252,300 | 97 | ||||
Security Bank Corp. | 53,520 | 67 | ||||
* | Cebu Air Inc. | 110,020 | 64 | |||
* | Converge Information & Communications Technology Solutions Inc. | 368,400 | 59 | |||
AREIT Inc. | 94,300 | 59 | ||||
Manila Water Co. Inc. | 166,400 | 58 | ||||
Robinsons Land Corp. | 176,600 | 51 | ||||
D&L Industries Inc. | 244,200 | 29 | ||||
Megaworld Corp. | 704,000 | 24 | ||||
7,365 |
Shares | Market Value• ($000) | |||||
Poland (0.3%) | ||||||
Powszechna Kasa Oszczednosci Bank Polski SA | 145,533 | 2,028 | ||||
Powszechny Zaklad Ubezpieczen SA | 97,571 | 1,201 | ||||
Bank Polska Kasa Opieki SA | 27,349 | 1,186 | ||||
*,2 | Dino Polska SA | 7,756 | 902 | |||
LPP SA | 186 | 837 | ||||
Santander Bank Polska SA | 5,367 | 740 | ||||
*,2 | Allegro.eu SA | 80,254 | 649 | |||
* | mBank SA | 1,951 | 340 | |||
* | Alior Bank SA | 13,721 | 330 | |||
CD Projekt SA | 10,741 | 295 | ||||
KRUK SA | 2,501 | 264 | ||||
Grupa Kety SA | 1,476 | 261 | ||||
Orange Polska SA | 109,659 | 224 | ||||
* | Bank Millennium SA | 88,895 | 222 | |||
Asseco Poland SA | 10,945 | 206 | ||||
Bank Handlowy w Warszawie SA | 4,281 | 118 | ||||
*,2 | Pepco Group NV | 23,436 | 118 | |||
* | CCC SA | 6,158 | 117 | |||
* | Cyfrowy Polsat SA | 31,836 | 93 | |||
* | AmRest Holdings SE | 8,831 | 55 | |||
* | Grupa Azoty SA | 4,644 | 26 | |||
Warsaw Stock Exchange | 1,564 | 17 | ||||
10,229 | ||||||
Portugal (0.1%) | ||||||
Jeronimo Martins SGPS SA | 44,433 | 1,064 | ||||
EDP Renovaveis SA | 46,529 | 635 | ||||
* | Banco Comercial Portugues SA | 1,532,688 | 444 | |||
NOS SGPS SA | 75,522 | 263 | ||||
Sonae SGPS SA | 197,943 | 182 | ||||
CTT-Correios de Portugal SA | 39,640 | 156 | ||||
Navigator Co. SA | 29,610 | 120 | ||||
REN - Redes Energeticas Nacionais SGPS SA | 46,945 | 111 | ||||
* | Greenvolt-Energias Renovaveis SA | 7,660 | 67 | |||
Altri SGPS SA | 4,107 | 20 | ||||
3,062 | ||||||
Qatar (0.3%) | ||||||
Qatar National Bank QPSC | 735,552 | 3,078 | ||||
Qatar Islamic Bank SAQ | 297,456 | 1,647 | ||||
Industries Qatar QSC | 246,386 | 874 | ||||
Commercial Bank PSQC | 550,607 | 765 | ||||
Masraf Al Rayan QSC | 1,036,092 | 721 |
Shares | Market Value• ($000) | |||||
Qatar Gas Transport Co. Ltd. | 458,592 | 503 | ||||
Qatar Navigation QSC | 159,173 | 481 | ||||
Ooredoo QPSC | 137,432 | 429 | ||||
Mesaieed Petrochemical Holding Co. | 654,554 | 340 | ||||
Barwa Real Estate Co. | 286,341 | 241 | ||||
Vodafone Qatar QSC | 466,805 | 222 | ||||
Doha Bank QPSC | 410,310 | 186 | ||||
Qatar Aluminum Manufacturing Co. | 427,710 | 149 | ||||
United Development Co. QSC | 355,162 | 101 | ||||
Al Meera Consumer Goods Co. QSC | 20,566 | 73 | ||||
9,810 | ||||||
Romania (0.0%) | ||||||
Banca Transilvania SA | 115,634 | 654 | ||||
* | MED Life SA | 46,244 | 39 | |||
One United Properties SA | 156,822 | 34 | ||||
* | Teraplast SA | 209,443 | 27 | |||
754 | ||||||
Russia (0.0%) | ||||||
*,3 | Sberbank of Russia PJSC | 1,437,070 | — | |||
*,3 | Mobile TeleSystems PJSC ADR | 8,336 | — | |||
*,3 | Unipro PJSC | 2,240,000 | — | |||
*,3 | VTB Bank PJSC GDR | 17,656 | — | |||
*,3 | PhosAgro PJSC | 3,204 | — | |||
*,3 | OGK-2 PJSC | 6,493,000 | — | |||
*,3 | Polyus PJSC | 3,525 | — | |||
*,3 | TGC-1 PJSC | 698,000,000 | — | |||
*,3 | RusHydro PJSC | 6,697,000 | — | |||
*,3 | Aeroflot PJSC | 169,870 | — | |||
*,3 | Rostelecom PJSC | 108,980 | — | |||
*,3 | Novolipetsk Steel PJSC | 118,300 | — | |||
*,3 | Mobile TeleSystems PJSC | 72,320 | — | |||
*,3 | Magnit PJSC | 9,808 | — | |||
*,3 | Mosenergo PJSC | 1,671,000 | — | |||
*,3 | Federal Grid Co. - Rosseti PJSC (Registered) | 59,114,437 | — | |||
*,3 | M.Video PJSC | 15,392 | — | |||
*,3 | VTB Bank PJSC | 511,420,000 | — | |||
*,3 | Inter RAO UES PJSC | 3,338,400 | — | |||
*,3 | EL5-ENERO PJSC | 20,838,000 | — | |||
*,3 | Sistema AFK PAO | 466,300 | — | |||
*,3 | Moscow Exchange MICEX-RTS PJSC | 175,830 | — | |||
*,2,3 | Detsky Mir PJSC | 100,010 | — | |||
*,3 | Credit Bank of Moscow PJSC | 1,108,700 | — |
Shares | Market Value• ($000) | |||||
*,3 | Novorossiysk Commercial Sea Port PJSC | 1,721,500 | — | |||
*,3 | Cherkizovo Group PJSC | 1,432 | — | |||
*,3 | Gruppa Kompanii Samolyot PAO | 951 | — | |||
*,3 | IDGC of Centre & Volga Region PJSC | 13,690,000 | — | |||
— | ||||||
Saudi Arabia (1.0%) | ||||||
Al Rajhi Bank | 323,345 | 7,679 | ||||
Saudi National Bank | 482,906 | 5,457 | ||||
Saudi Telecom Co. | 290,725 | 3,291 | ||||
* | Saudi Arabian Mining Co. | 201,977 | 2,680 | |||
Riyad Bank | 245,600 | 2,039 | ||||
Alinma Bank | 154,899 | 1,818 | ||||
Elm Co. | 4,133 | 1,166 | ||||
Etihad Etisalat Co. | 65,786 | 970 | ||||
Banque Saudi Fransi | 94,547 | 961 | ||||
Arab National Bank | 113,343 | 843 | ||||
Savola Group | 43,850 | 620 | ||||
Almarai Co. JSC | 36,949 | 580 | ||||
Co. for Cooperative Insurance | 11,727 | 507 | ||||
Saudi Tadawul Group Holding Co. | 7,192 | 464 | ||||
Sahara International Petrochemical Co. | 55,517 | 454 | ||||
Arabian Internet & Communications Services Co. | 4,364 | 427 | ||||
Jarir Marketing Co. | 86,220 | 358 | ||||
Astra Industrial Group | 7,037 | 318 | ||||
Mobile Telecommunications Co. Saudi Arabia | 79,713 | 317 | ||||
* | Dar Al Arkan Real Estate Development Co. | 83,582 | 312 | |||
Saudia Dairy & Foodstuff Co. | 2,925 | 296 | ||||
Abdullah Al Othaim Markets Co. | 82,580 | 294 | ||||
Riyadh Cables Group Co. | 9,602 | 287 | ||||
Catrion Catering Holding Co. | 7,610 | 271 | ||||
Leejam Sports Co. JSC | 4,608 | 265 | ||||
Advanced Petrochemical Co. | 16,820 | 171 | ||||
Arabian Contracting Services Co. | 2,364 | 166 | ||||
United International Transportation Co. | 6,872 | 162 | ||||
* | National Industrialization Co. | 45,468 | 160 |
Shares | Market Value• ($000) | |||||
Arabian Centres Co. Ltd. | 27,779 | 157 | ||||
Arriyadh Development Co. | 23,240 | 146 | ||||
Al-Dawaa Medical Services Co. | 4,411 | 135 | ||||
Bawan Co. | 9,947 | 134 | ||||
* | Tabuk Cement Co. | 26,491 | 95 | |||
Saudi Chemical Co. Holding | 63,750 | 91 | ||||
Yanbu Cement Co. | 10,314 | 87 | ||||
Hail Cement Co. | 26,970 | 87 | ||||
* | Sinad Holding Co. | 23,127 | 86 | |||
Northern Region Cement Co. | 30,836 | 83 | ||||
* | Saudi Pharmaceutical Industries & Medical Appliances Corp. | 8,007 | 82 | |||
BinDawood Holding Co. | 41,810 | 80 | ||||
Al Masane Al Kobra Mining Co. | 5,115 | 80 | ||||
Saudi Ceramic Co. | 9,332 | 77 | ||||
Eastern Province Cement Co. | 7,888 | 75 | ||||
City Cement Co. | 13,514 | 69 | ||||
* | Methanol Chemicals Co. | 14,617 | 68 | |||
* | Zamil Industrial Investment Co. | 7,113 | 56 | |||
Najran Cement Co. | 19,398 | 54 | ||||
* | Al Jouf Cement Co. | 14,789 | 46 | |||
* | Fawaz Abdulaziz Al Hokair & Co. | 5,533 | 26 | |||
* | Saudi Public Transport Co. | 4,324 | 24 | |||
35,171 | ||||||
Singapore (0.9%) | ||||||
DBS Group Holdings Ltd. | 299,700 | 7,431 | ||||
Oversea-Chinese Banking Corp. Ltd. | 570,200 | 5,508 | ||||
United Overseas Bank Ltd. | 206,800 | 4,303 | ||||
Singapore Telecommunications Ltd. | 1,283,400 | 2,240 | ||||
Keppel Ltd. | 220,100 | 1,187 | ||||
CapitaLand Integrated Commercial Trust | 797,400 | 1,163 | ||||
CapitaLand Ascendas REIT | 559,500 | 1,140 | ||||
Singapore Exchange Ltd. | 153,900 | 1,081 | ||||
Singapore Airlines Ltd. | 219,100 | 1,055 | ||||
CapitaLand Investment Ltd. | 456,900 | 945 | ||||
Wilmar International Ltd. | 373,987 | 924 |
Shares | Market Value• ($000) | |||||
Venture Corp. Ltd. | 54,400 | 567 | ||||
Mapletree Logistics Trust | 467,800 | 515 | ||||
1 | UOL Group Ltd. | 108,300 | 474 | |||
* | Seatrium Ltd. | 7,053,477 | 473 | |||
Mapletree Industrial Trust | 256,400 | 437 | ||||
Frasers Centrepoint Trust | 263,619 | 429 | ||||
ComfortDelGro Corp. Ltd. | 402,500 | 404 | ||||
Mapletree Pan Asia Commercial Trust | 352,500 | 354 | ||||
Keppel DC REIT | 264,223 | 334 | ||||
* | SATS Ltd. | 167,793 | 327 | |||
Frasers Logistics & Commercial Trust | 416,589 | 319 | ||||
City Developments Ltd. | 73,300 | 309 | ||||
ESR-LOGOS REIT | 892,578 | 206 | ||||
NetLink NBN Trust | 319,100 | 199 | ||||
Keppel REIT | 251,220 | 162 | ||||
AIMS APAC REIT | 154,836 | 145 | ||||
Raffles Medical Group Ltd. | 187,000 | 142 | ||||
Lendlease Global Commercial REIT | 310,632 | 133 | ||||
Starhill Global REIT | 341,900 | 122 | ||||
iFAST Corp. Ltd. | 22,100 | 119 | ||||
Olam Group Ltd. | 162,600 | 119 | ||||
SIA Engineering Co. Ltd. | 61,500 | 105 | ||||
CapitaLand China Trust | 181,800 | 100 | ||||
StarHub Ltd. | 106,900 | 91 | ||||
Hutchison Port Holdings Trust | 689,300 | 91 | ||||
AEM Holdings Ltd. | 56,300 | 90 | ||||
UMS Holdings Ltd. | 75,500 | 81 | ||||
Sheng Siong Group Ltd. | 67,800 | 78 | ||||
First Resources Ltd. | 65,400 | 69 | ||||
CDL Hospitality Trusts | 85,800 | 62 | ||||
Digital Core REIT Management Pte. Ltd. | 104,600 | 61 | ||||
Singapore Post Ltd. | 161,500 | 47 | ||||
Bumitama Agri Ltd. | 98,300 | 47 | ||||
Hour Glass Ltd. | 34,800 | 40 | ||||
Riverstone Holdings Ltd. | 52,900 | 27 | ||||
Silverlake Axis Ltd. | 130,249 | 22 | ||||
* | Manulife US REIT | 209,594 | 12 | |||
Nanofilm Technologies International Ltd. | 11,500 | 6 | ||||
* | Yoma Strategic Holdings Ltd. | 71,400 | 2 | |||
*,3 | Eagle Hospitality Trust | 38,000 | — | |||
34,297 | ||||||
South Africa (1.0%) | ||||||
Naspers Ltd. | 30,903 | 5,076 |
Shares | Market Value• ($000) | |||||
FirstRand Ltd. | 833,201 | 2,819 | ||||
Standard Bank Group Ltd. | 229,393 | 2,416 | ||||
Gold Fields Ltd. | 147,909 | 1,948 | ||||
Capitec Bank Holdings Ltd. | 14,539 | 1,532 | ||||
Bid Corp. Ltd. | 58,011 | 1,356 | ||||
Anglogold Ashanti plc | 69,323 | 1,306 | ||||
MTN Group Ltd. | 291,685 | 1,271 | ||||
Absa Group Ltd. | 143,891 | 1,228 | ||||
Sanlam Ltd. | 314,256 | 1,205 | ||||
Shoprite Holdings Ltd. | 84,580 | 1,139 | ||||
Nedbank Group Ltd. | 78,173 | 894 | ||||
Bidvest Group Ltd. | 62,008 | 757 | ||||
Remgro Ltd. | 96,459 | 732 | ||||
Clicks Group Ltd. | 44,461 | 694 | ||||
NEPI Rockcastle NV | 97,066 | 693 | ||||
Aspen Pharmacare Holdings Ltd. | 58,729 | 600 | ||||
Discovery Ltd. | 78,916 | 560 | ||||
Harmony Gold Mining Co. Ltd. | 92,867 | 540 | ||||
Woolworths Holdings Ltd. | 153,045 | 512 | ||||
Impala Platinum Holdings Ltd. | 140,907 | 478 | ||||
Old Mutual Ltd. | 713,447 | 444 | ||||
Vodacom Group Ltd. | 90,129 | 443 | ||||
Mr Price Group Ltd. | 49,831 | 442 | ||||
Northam Platinum Holdings Ltd. | 65,345 | 373 | ||||
Anglo American Platinum Ltd. | 9,530 | 367 | ||||
AVI Ltd. | 75,479 | 352 | ||||
Growthpoint Properties Ltd. | 563,524 | 344 | ||||
Foschini Group Ltd. | 61,232 | 334 | ||||
2 | Pepkor Holdings Ltd. | 341,446 | 333 | |||
OUTsurance Group Ltd. | 123,795 | 269 | ||||
* | MultiChoice Group | 46,797 | 255 | |||
Tiger Brands Ltd. | 23,800 | 247 | ||||
Sappi Ltd. | 98,503 | 237 | ||||
Kumba Iron Ore Ltd. | 8,339 | 233 | ||||
Investec Ltd. | 36,851 | 232 | ||||
Netcare Ltd. | 285,857 | 202 | ||||
Redefine Properties Ltd. | 964,963 | 201 | ||||
Truworths International Ltd. | 50,716 | 190 | ||||
Life Healthcare Group Holdings Ltd. | 192,706 | 176 | ||||
Momentum Metropolitan Holdings | 154,309 | 168 | ||||
African Rainbow Minerals Ltd. | 13,980 | 123 | ||||
Motus Holdings Ltd. | 19,229 | 93 | ||||
Vukile Property Fund Ltd. | 115,658 | 89 |
Shares | Market Value• ($000) | |||||
Barloworld Ltd. | 23,845 | 84 | ||||
2 | Dis-Chem Pharmacies Ltd. | 48,280 | 77 | |||
* | Telkom SA SOC Ltd. | 44,457 | 67 | |||
AECI Ltd. | 13,043 | 66 | ||||
DataTec Ltd. | 31,485 | 66 | ||||
Resilient REIT Ltd. | 26,893 | 66 | ||||
MAS plc | 74,821 | 65 | ||||
*,1 | Transaction Capital Ltd. | 128,158 | 65 | |||
Equites Property Fund Ltd. | 91,645 | 63 | ||||
* | Fortress Real Estate Investments Ltd. Class B | 69,018 | 60 | |||
Omnia Holdings Ltd. | 17,998 | 59 | ||||
Ninety One Ltd. | 28,960 | 59 | ||||
Hyprop Investments Ltd. | 35,764 | 58 | ||||
Super Group Ltd. | 41,486 | 57 | ||||
Pick n Pay Stores Ltd. | 53,266 | 56 | ||||
Attacq Ltd. | 107,854 | 54 | ||||
Santam Ltd. | 2,634 | 42 | ||||
* | KAP Ltd. | 332,934 | 40 | |||
DRDGOLD Ltd. | 56,618 | 38 | ||||
Curro Holdings Ltd. | 53,607 | 32 | ||||
* | Astral Foods Ltd. | 3,351 | 26 | |||
Coronation Fund Managers Ltd. | 16,269 | 26 | ||||
JSE Ltd. | 2,651 | 12 | ||||
35,141 | ||||||
South Korea (3.7%) | ||||||
Samsung Electronics Co. Ltd. | 790,895 | 43,652 | ||||
SK Hynix Inc. | 89,584 | 10,561 | ||||
Hyundai Motor Co. | 22,048 | 4,151 | ||||
NAVER Corp. | 23,599 | 3,465 | ||||
Celltrion Inc. | 25,506 | 3,449 | ||||
KB Financial Group Inc. | 62,542 | 2,983 | ||||
LG Chem Ltd. | 7,705 | 2,632 | ||||
Shinhan Financial Group Co. Ltd. | 80,290 | 2,625 | ||||
Samsung SDI Co. Ltd. | 8,524 | 2,422 | ||||
Hana Financial Group Inc. | 46,968 | 1,998 | ||||
Kakao Corp. | 48,823 | 1,960 | ||||
* | LG Energy Solution Ltd. | 6,440 | 1,946 | |||
Hyundai Mobis Co. Ltd. | 10,371 | 1,892 | ||||
*,2 | Samsung Biologics Co. Ltd. | 2,917 | 1,697 | |||
* | Ecopro BM Co. Ltd. | 7,531 | 1,514 | |||
* | Ecopro Co. Ltd. | 3,138 | 1,464 | |||
Woori Financial Group Inc. | 108,993 | 1,221 | ||||
LG Electronics Inc. | 15,975 | 1,142 | ||||
* | Samsung Fire & Marine Insurance Co. Ltd. | 5,055 | 1,131 |
Shares | Market Value• ($000) | |||||
* | POSCO Future M Co. Ltd. | 4,643 | 1,110 | |||
* | HLB Inc. | 17,252 | 1,058 | |||
Meritz Financial Group Inc. | 16,343 | 1,020 | ||||
LG Corp. | 13,905 | 979 | ||||
Samsung Electro-Mechanics Co. Ltd. | 8,665 | 913 | ||||
* | SK Square Co. Ltd. | 16,532 | 868 | |||
Samsung Life Insurance Co. Ltd. | 11,450 | 833 | ||||
* | Krafton Inc. | 4,702 | 804 | |||
KakaoBank Corp. | 33,938 | 727 | ||||
Samsung SDS Co. Ltd. | 6,038 | 726 | ||||
* | HMM Co. Ltd. | 49,987 | 686 | |||
* | Alteogen Inc. | 5,427 | 653 | |||
* | Samsung Heavy Industries Co. Ltd. | 100,032 | 595 | |||
Korea Zinc Co. Ltd. | 1,663 | 559 | ||||
* | L&F Co. Ltd. | 4,029 | 515 | |||
* | DB Insurance Co. Ltd. | 6,920 | 514 | |||
* | CosmoAM&T Co. Ltd. | 3,602 | 481 | |||
Yuhan Corp. | 9,112 | 462 | ||||
Hankook Tire & Technology Co. Ltd. | 11,267 | 459 | ||||
* | Samsung Engineering Co. Ltd. | 24,478 | 453 | |||
* | Hanmi Semiconductor Co. Ltd. | 7,005 | 448 | |||
* | Industrial Bank of Korea | 39,772 | 419 | |||
Amorepacific Corp. | 4,368 | 393 | ||||
* | Hyundai Glovis Co. Ltd. | 2,730 | 391 | |||
Samsung Securities Co. Ltd. | 12,130 | 379 | ||||
NCSoft Corp. | 2,506 | 366 | ||||
* | Mirae Asset Securities Co. Ltd. | 53,700 | 364 | |||
* | Posco DX Co. Ltd. | 8,785 | 359 | |||
Coway Co. Ltd. | 8,670 | 353 | ||||
* | Kum Yang Co. Ltd. | 4,785 | 347 | |||
Hanwha Solutions Corp. | 16,542 | 345 | ||||
BNK Financial Group Inc. | 60,235 | 340 | ||||
LG H&H Co. Ltd. | 1,402 | 337 | ||||
* | Hyundai Steel Co. | 11,881 | 321 | |||
LG Innotek Co. Ltd. | 2,100 | 319 | ||||
* | LG Display Co. Ltd. | 36,637 | 313 | |||
* | Celltrion Pharm Inc. | 3,695 | 308 | |||
* | SK Biopharmaceuticals Co. Ltd. | 4,195 | 306 | |||
* | Hanmi Pharm Co. Ltd. | 1,176 | 295 | |||
* | Korea Investment Holdings Co. Ltd. | 5,489 | 293 | |||
CJ CheilJedang Corp. | 1,224 | 276 | ||||
Doosan Bobcat Inc. | 7,299 | 258 |
Shares | Market Value• ($000) | |||||
* | NH Investment & Securities Co. Ltd. | 29,264 | 258 | |||
* | JYP Entertainment Corp. | 4,294 | 238 | |||
Hanjin Kal Corp. | 4,884 | 232 | ||||
* | Enchem Co. Ltd. | 1,081 | 229 | |||
*,2 | SK IE Technology Co. Ltd. | 4,080 | 225 | |||
LEENO Industrial Inc. | 1,429 | 224 | ||||
Orion Corp. | 3,187 | 222 | ||||
JB Financial Group Co. Ltd. | 21,976 | 217 | ||||
Fila Holdings Corp. | 7,354 | 212 | ||||
* | Hyundai Marine & Fire Insurance Co. Ltd. | 8,870 | 210 | |||
LG Uplus Corp. | 26,370 | 205 | ||||
Hotel Shilla Co. Ltd. | 4,382 | 198 | ||||
HPSP Co. Ltd. | 4,858 | 188 | ||||
DB HiTek Co. Ltd. | 5,308 | 186 | ||||
* | Eo Technics Co. Ltd. | 1,181 | 182 | |||
* | KIWOOM Securities Co. Ltd. | 1,900 | 180 | |||
* | CJ Corp. | 2,387 | 174 | |||
* | SKC Co. Ltd. | 2,779 | 173 | |||
IsuPetasys Co. Ltd. | 7,507 | 173 | ||||
* | SK Bioscience Co. Ltd. | 3,565 | 165 | |||
Jusung Engineering Co. Ltd. | 5,500 | 152 | ||||
* | Hanall Biopharma Co. Ltd. | 5,823 | 152 | |||
* | Youngone Corp. | 4,603 | 152 | |||
* | Rainbow Robotics | 1,249 | 152 | |||
* | Hansol Chemical Co. Ltd. | 1,145 | 147 | |||
* | SOLUM Co. Ltd. | 6,700 | 146 | |||
DGB Financial Group Inc. | 21,571 | 144 | ||||
* | Kakao Games Corp. | 8,038 | 142 | |||
JR Global REIT | 44,619 | 138 | ||||
LOTTE Fine Chemical Co. Ltd. | 3,832 | 137 | ||||
*,2 | Netmarble Corp. | 2,939 | 136 | |||
TCC Steel | 2,666 | 136 | ||||
* | Hyundai Mipo Dockyard Co. Ltd. | 2,824 | 134 | |||
KCC Corp. | 654 | 131 | ||||
* | HLB Life Science Co. Ltd. | 12,318 | 131 | |||
Hyosung Advanced Materials Corp. | 524 | 131 | ||||
* | WONIK IPS Co. Ltd. | 5,305 | 131 | |||
Koh Young Technology Inc. | 8,974 | 130 | ||||
Chong Kun Dang Pharmaceutical Corp. | 1,591 | 129 | ||||
* | HD Hyundai Infracore Co. Ltd. | 21,025 | 127 |
Shares | Market Value• ($000) | |||||
F&F Co. Ltd. | 2,338 | 127 | ||||
Pan Ocean Co. Ltd. | 34,205 | 125 | ||||
Park Systems Corp. | 946 | 123 | ||||
Cheil Worldwide Inc. | 8,667 | 120 | ||||
* | Dongjin Semichem Co. Ltd. | 4,277 | 120 | |||
* | Sam Chun Dang Pharm Co. Ltd. | 2,216 | 119 | |||
* | Korea Asset In Trust Co. Ltd. | 47,142 | 119 | |||
Advanced Nano Products Co. Ltd. | 1,120 | 118 | ||||
* | Hugel Inc. | 840 | 116 | |||
* | Lunit Inc. | 2,536 | 116 | |||
Soulbrain Co. Ltd. | 562 | 115 | ||||
NongShim Co. Ltd. | 435 | 114 | ||||
* | Hanwha Life Insurance Co. Ltd. | 48,048 | 114 | |||
* | CJ Logistics Corp. | 1,213 | 113 | |||
* | Pearl Abyss Corp. | 4,922 | 113 | |||
* | Cosmochemical Co. Ltd. | 4,244 | 112 | |||
Daehan Flour Mill Co. Ltd. | 1,068 | 111 | ||||
* | Hyundai Elevator Co. Ltd. | 3,707 | 111 | |||
* | Dentium Co. Ltd. | 1,010 | 110 | |||
* | Cosmax Inc. | 1,366 | 110 | |||
* | Hyundai Autoever Corp. | 983 | 110 | |||
S-1 Corp. | 2,499 | 109 | ||||
LS Electric Co. Ltd. | 2,266 | 109 | ||||
Sindoh Co. Ltd. | 3,764 | 109 | ||||
DoubleUGames Co. Ltd. | 3,130 | 109 | ||||
Youngone Holdings Co. Ltd. | 1,569 | 108 | ||||
* | LegoChem Biosciences Inc. | 2,690 | 107 | |||
* | W-Scope Chungju Plant Co. Ltd. | 3,145 | 107 | |||
* | Hana Tour Service Inc. | 2,152 | 106 | |||
Ottogi Corp. | 353 | 106 | ||||
SM Entertainment Co. Ltd. | 1,778 | 105 | ||||
* | Kolmar Korea Co. Ltd. | 2,950 | 105 | |||
HL Mando Co. Ltd. | 4,209 | 105 | ||||
* | Samsung Card Co. Ltd. | 3,697 | 104 | |||
SK REITs Co. Ltd. | 35,613 | 104 | ||||
* | Korean Reinsurance Co. | 17,010 | 103 | |||
AfreecaTV Co. Ltd. | 1,066 | 103 | ||||
* | Hana Micron Inc. | 5,283 | 103 | |||
S&S Tech Corp. | 3,081 | 102 | ||||
CS Wind Corp. | 2,630 | 102 | ||||
Eusu Holdings Co. Ltd. | 23,518 | 101 | ||||
Shinsegae Inc. | 770 | 101 | ||||
ISC Co. Ltd. | 1,843 | 100 | ||||
* | Daeduck Electronics Co. Ltd. | 5,916 | 99 | |||
Hyosung TNC Corp. | 451 | 98 |
Shares | Market Value• ($000) | |||||
Hanon Systems | 20,946 | 97 | ||||
* | Kakaopay Corp. | 2,900 | 96 | |||
Hyundai Department Store Co. Ltd. | 2,381 | 94 | ||||
Sam-A Aluminum Co. Ltd. | 1,264 | 94 | ||||
Medytox Inc. | 774 | 92 | ||||
* | Hansol Holdings Co. Ltd. | 40,245 | 90 | |||
* | Wemade Co. Ltd. | 2,568 | 90 | |||
* | Hyundai Bioscience Co. Ltd. | 5,746 | 90 | |||
* | Lake Materials Co. Ltd. | 5,725 | 90 | |||
1 | Ecopro HN Co. Ltd. | 1,964 | 89 | |||
* | People & Technology Inc. | 2,911 | 89 | |||
LX Semicon Co. Ltd. | 1,551 | 88 | ||||
* | Creative & Innovative System | 10,517 | 88 | |||
Classys Inc. | 3,621 | 88 | ||||
Daou Technology Inc. | 5,200 | 85 | ||||
Youlchon Chemical Co. Ltd. | 2,725 | 85 | ||||
* | Namyang Dairy Products Co. Ltd. | 194 | 85 | |||
Maeil Dairies Co. Ltd. | 2,763 | 85 | ||||
* | CJ ENM Co. Ltd. | 1,406 | 84 | |||
* | Oscotec Inc. | 5,027 | 84 | |||
* | Seoul Semiconductor Co. Ltd. | 11,036 | 83 | |||
AMOREPACIFIC Group | 4,161 | 83 | ||||
SK Gas Ltd. | 688 | 82 | ||||
MegaStudyEdu Co. Ltd. | 1,738 | 81 | ||||
* | GemVax & Kael Co. Ltd. | 8,613 | 79 | |||
* | Mezzion Pharma Co. Ltd. | 2,595 | 79 | |||
Lotte Shopping Co. Ltd. | 1,336 | 78 | ||||
* | Wonik Holdings Co. Ltd. | 26,653 | 76 | |||
* | Korea Line Corp. | 49,353 | 76 | |||
* | Kumho Tire Co. Inc. | 16,081 | 76 | |||
Mcnex Co. Ltd. | 3,985 | 76 | ||||
PharmaResearch Co. Ltd. | 1,081 | 76 | ||||
Binggrae Co. Ltd. | 1,887 | 75 | ||||
KC Tech Co. Ltd. | 2,635 | 75 | ||||
HD Hyundai Construction Equipment Co. Ltd. | 1,829 | 74 | ||||
* | Duk San Neolux Co. Ltd. | 2,518 | 74 | |||
Eugene Technology Co. Ltd. | 2,626 | 74 | ||||
Sebang Global Battery Co. Ltd. | 1,217 | 73 | ||||
Seobu T&D | 13,036 | 73 | ||||
* | Daejoo Electronic Materials Co. Ltd. | 1,286 | 73 |
Shares | Market Value• ($000) | |||||
* | SIMMTECH Co. Ltd. | 3,410 | 73 | |||
Samyang Foods Co. Ltd. | 566 | 73 | ||||
InBody Co. Ltd. | 3,476 | 72 | ||||
* | SFA Semicon Co. Ltd. | 16,020 | 72 | |||
Partron Co. Ltd. | 12,074 | 71 | ||||
LOTTE REIT Co. Ltd. | 30,078 | 71 | ||||
* | Chabiotech Co. Ltd. | 5,571 | 70 | |||
NHN Corp. | 3,452 | 69 | ||||
* | NICE Information Service Co. Ltd. | 8,409 | 68 | |||
* | Daesang Corp. | 4,629 | 68 | |||
* | SPC Samlip Co. Ltd. | 1,535 | 68 | |||
KC Co. Ltd. | 4,093 | 67 | ||||
Seegene Inc. | 3,547 | 66 | ||||
Innocean Worldwide Inc. | 4,028 | 66 | ||||
* | Advanced Process Systems Corp. | 4,113 | 65 | |||
Innox Advanced Materials Co. Ltd. | 2,734 | 65 | ||||
* | Daishin Securities Co. Ltd. | 5,185 | 64 | |||
* | Dongwon Industries Co. Ltd. | 2,190 | 64 | |||
Shinsegae International Inc. | 4,982 | 62 | ||||
* | Cuckoo Homesys Co. Ltd. | 4,132 | 62 | |||
* | Asiana Airlines Inc. | 6,963 | 61 | |||
* | Dongwon F&B Co. Ltd. | 2,535 | 61 | |||
HAESUNG DS Co. Ltd. | 1,752 | 61 | ||||
* | ABLBio Inc. | 3,505 | 60 | |||
* | Bioneer Corp. | 3,245 | 60 | |||
SL Corp. | 2,310 | 59 | ||||
i-SENS Inc. | 3,403 | 59 | ||||
* | Foosung Co. Ltd. | 9,231 | 58 | |||
Dong-A ST Co. Ltd. | 1,035 | 58 | ||||
* | Yuanta Securities Korea Co. Ltd. | 28,078 | 57 | |||
* | KISWIRE Ltd. | 3,244 | 56 | |||
SSANGYONG C&E Co. Ltd. | 10,590 | 56 | ||||
YG Entertainment Inc. | 1,825 | 56 | ||||
Kolon Industries Inc. | 1,934 | 56 | ||||
Harim Holdings Co. Ltd. | 9,638 | 56 | ||||
Hanjin Transportation Co. Ltd. | 3,074 | 55 | ||||
* | Interflex Co. Ltd. | 5,004 | 55 | |||
Ahnlab Inc. | 1,001 | 54 | ||||
* | SK Securities Co. Ltd. | 112,916 | 54 | |||
Shinhan Alpha REIT Co. Ltd. | 10,056 | 54 | ||||
* | CJ Freshway Corp. | 2,829 | 53 | |||
Hancom Inc. | 2,992 | 53 | ||||
Hanil Cement Co. Ltd. | 5,724 | 52 | ||||
* | Shinsung E&G Co. Ltd. | 35,225 | 52 | |||
* | Sungeel Hitech Co. Ltd. | 699 | 52 |
Shares | Market Value• ($000) | |||||
* | Daeduck Co. Ltd. | 10,366 | 51 | |||
Samwha Capacitor Co. Ltd. | 2,038 | 51 | ||||
Modetour Network Inc. | 3,999 | 51 | ||||
UniTest Inc. | 5,156 | 51 | ||||
OCI Co. Ltd. | 809 | 51 | ||||
Daewoong Co. Ltd. | 3,023 | 50 | ||||
JW Pharmaceutical Corp. | 2,012 | 50 | ||||
* | Doosan Tesna Inc. | 1,544 | 50 | |||
LX Holdings Corp. | 9,687 | 50 | ||||
* | Cafe24 Corp. | 2,799 | 49 | |||
* | Eugene Investment & Securities Co. Ltd. | 14,888 | 48 | |||
iMarketKorea Inc. | 7,289 | 48 | ||||
* | Peptron Inc. | 2,777 | 48 | |||
* | SK oceanplant Co. Ltd. | 4,947 | 48 | |||
* | Hansol Technics Co. Ltd. | 9,370 | 47 | |||
Daewoong Pharmaceutical Co. Ltd. | 544 | 47 | ||||
* | HLB Therapeutics Co. Ltd. | 8,231 | 47 | |||
Dongkuk Steel Mill Co. Ltd. | 4,869 | 47 | ||||
* | NEXTIN Inc. | 820 | 47 | |||
KH Vatec Co. Ltd. | 4,675 | 46 | ||||
Dongsuh Cos. Inc. | 3,470 | 46 | ||||
* | Hanwha General Insurance Co. Ltd. | 12,867 | 46 | |||
Toptec Co. Ltd. | 7,852 | 46 | ||||
ST Pharm Co. Ltd. | 968 | 46 | ||||
ENF Technology Co. Ltd. | 2,744 | 46 | ||||
Hankook & Co. Co. Ltd. | 3,492 | 45 | ||||
* | Daea TI Co. Ltd. | 19,070 | 45 | |||
Webzen Inc. | 3,628 | 45 | ||||
Green Cross Corp. | 504 | 45 | ||||
BH Co. Ltd. | 3,513 | 45 | ||||
TES Co. Ltd. | 2,992 | 45 | ||||
* | Eubiologics Co. Ltd. | 5,035 | 45 | |||
* | CMG Pharmaceutical Co. Ltd. | 26,786 | 44 | |||
Tokai Carbon Korea Co. Ltd. | 624 | 44 | ||||
* | Sambu Engineering & Construction Co. Ltd. | 24,425 | 44 | |||
* | Hanwha Investment & Securities Co. Ltd. | 12,702 | 43 | |||
*,1 | Vaxcell-Bio Therapeutics Co. Ltd. | 2,998 | 43 | |||
* | Jeisys Medical Inc. | 7,294 | 43 | |||
Hanssem Co. Ltd. | 1,158 | 42 | ||||
* | Woongjin Thinkbig Co. Ltd. | 22,181 | 42 | |||
Hyundai Bioland Co. Ltd. | 6,027 | 42 | ||||
INTOPS Co. Ltd. | 1,889 | 41 |
Shares | Market Value• ($000) | |||||
* | Medipost Co. Ltd. | 7,677 | 41 | |||
RFHIC Corp. | 3,212 | 41 | ||||
Han Kuk Carbon Co. Ltd. | 5,293 | 41 | ||||
Gradiant Corp. | 3,857 | 40 | ||||
* | NEPES Corp. | 2,665 | 40 | |||
* | Sangsangin Co. Ltd. | 15,579 | 40 | |||
* | Amicogen Inc. | 9,708 | 40 | |||
L&C Bio Co. Ltd. | 2,238 | 40 | ||||
Sungwoo Hitech Co. Ltd. | 5,321 | 39 | ||||
Green Cross Holdings Corp. | 3,162 | 39 | ||||
* | Tongyang Life Insurance Co. Ltd. | 9,006 | 39 | |||
Vieworks Co. Ltd. | 1,793 | 39 | ||||
IS Dongseo Co. Ltd. | 1,835 | 38 | ||||
Samyang Holdings Corp. | 694 | 38 | ||||
Com2uSCorp | 1,190 | 38 | ||||
Caregen Co. Ltd. | 2,185 | 38 | ||||
* | Naturecell Co. Ltd. | 7,141 | 37 | |||
NICE Holdings Co. Ltd. | 3,866 | 37 | ||||
* | ICD Co. Ltd. | 6,320 | 37 | |||
* | Chunbo Co. Ltd. | 542 | 37 | |||
* | Wysiwyg Studios Co. Ltd. | 18,032 | 37 | |||
* | Intellian Technologies Inc. | 894 | 37 | |||
* | CJ CGV Co. Ltd. | 7,674 | 36 | |||
Lotte Rental Co. Ltd. | 1,780 | 36 | ||||
* | Ananti Inc. | 7,379 | 35 | |||
HDC Holdings Co. Ltd. | 5,695 | 35 | ||||
* | Daol Investment & Securities Co. Ltd. | 13,079 | 35 | |||
* | HK inno N Corp. | 1,229 | 35 | |||
* | Myoung Shin Industrial Co. Ltd. | 2,881 | 35 | |||
Korea Electric Terminal Co. Ltd. | 722 | 34 | ||||
* | HS Industries Co. Ltd. | 13,845 | 34 | |||
Kwang Dong Pharmaceutical Co. Ltd. | 6,101 | 33 | ||||
* | STCUBE | 6,890 | 33 | |||
Young Poong Corp. | 88 | 33 | ||||
* | MedPacto Inc. | 3,041 | 33 | |||
* | AbClon Inc. | 2,495 | 33 | |||
* | Seojin System Co. Ltd. | 2,115 | 33 | |||
Boryung | 3,724 | 33 | ||||
Unid Co. Ltd. | 564 | 33 | ||||
* | Pharmicell Co. Ltd. | 7,990 | 32 | |||
GC Cell Corp. | 1,068 | 32 | ||||
Hyundai GF Holdings | 9,865 | 31 | ||||
Humedix Co. Ltd. | 1,444 | 31 | ||||
* | Nexon Games Co. Ltd. | 2,950 | 31 | |||
Yunsung F&C Co. Ltd. | 450 | 31 |
Shares | Market Value• ($000) | |||||
TKG Huchems Co. Ltd. | 1,974 | 30 | ||||
* | Tongyang Inc. | 40,643 | 30 | |||
Soulbrain Holdings Co. Ltd. | 579 | 30 | ||||
Samyang Corp. | 836 | 30 | ||||
Huons Co. Ltd. | 1,104 | 30 | ||||
* | ITM Semiconductor Co. Ltd. | 1,835 | 29 | |||
Able C&C Co. Ltd. | 5,548 | 28 | ||||
DongKook Pharmaceutical Co. Ltd. | 2,270 | 28 | ||||
Hansae Co. Ltd. | 1,819 | 28 | ||||
iNtRON Biotechnology Inc. | 5,515 | 28 | ||||
Solus Advanced Materials Co. Ltd. | 3,032 | 28 | ||||
OptoElectronics Solutions Co. Ltd. | 2,577 | 28 | ||||
* | Humasis Co. Ltd. | 21,564 | 28 | |||
* | Il Dong Pharmaceutical Co. Ltd. | 2,373 | 28 | |||
Korea Petrochemical Ind Co. Ltd. | 249 | 27 | ||||
* | Insun ENT Co. Ltd. | 5,066 | 27 | |||
* | Jeju Air Co. Ltd. | 3,182 | 27 | |||
* | Nexen Tire Corp. | 3,733 | 26 | |||
* | HL Holdings Corp. | 1,004 | 26 | |||
KCC Glass Corp. | 840 | 26 | ||||
Dong-A Socio Holdings Co. Ltd. | 303 | 25 | ||||
* | GOLFZON Co. Ltd. | 418 | 25 | |||
* | Enplus Co. Ltd. | 10,446 | 24 | |||
LF Corp. | 2,298 | 23 | ||||
* | PI Advanced Materials Co. Ltd. | 1,453 | 23 | |||
Hansol Paper Co. Ltd. | 2,818 | 23 | ||||
NHN KCP Corp. | 2,311 | 23 | ||||
* | Danal Co. Ltd. | 6,700 | 22 | |||
* | DIO Corp. | 1,349 | 21 | |||
* | CrystalGenomics Invites Co. Ltd. | 8,036 | 21 | |||
Neowiz | 1,279 | 21 | ||||
* | Genexine Inc. | 3,512 | 21 | |||
* | Com2uS Holdings Corp. | 778 | 21 | |||
* | Studio Dragon Corp. | 606 | 21 | |||
Zinus Inc. | 1,916 | 21 | ||||
* | Inscobee Inc. | 20,202 | 20 | |||
* | GeneOne Life Science Inc. | 10,592 | 20 | |||
* | TY Holdings Co. Ltd. | 6,915 | 20 | |||
* | BNC Korea Co. Ltd. | 5,668 | 20 | |||
Hyundai Green Food | 2,294 | 20 | ||||
* | Hanwha Galleria Corp. | 17,902 | 20 | |||
LX Hausys Ltd. | 610 | 19 |
Shares | Market Value• ($000) | |||||
Hyundai Home Shopping Network Corp. | 528 | 19 | ||||
* | Binex Co. Ltd. | 2,235 | 18 | |||
* | Homecast Co. Ltd. | 8,585 | 18 | |||
* | Taekwang Industrial Co. Ltd. | 31 | 18 | |||
Solid Inc. | 4,031 | 18 | ||||
* | OliX Pharmaceuticals Inc. | 1,510 | 18 | |||
Handsome Co. Ltd. | 1,165 | 17 | ||||
* | Yungjin Pharmaceutical Co. Ltd. | 10,899 | 17 | |||
Huons Global Co. Ltd. | 996 | 17 | ||||
* | Namhae Chemical Corp. | 2,835 | 16 | |||
Korea Real Estate Investment & Trust Co. Ltd. | 19,485 | 16 | ||||
Korea United Pharm Inc. | 915 | 16 | ||||
* | Eoflow Co. Ltd. | 4,134 | 16 | |||
* | Aprogen Biologics | 114,293 | 15 | |||
* | Helixmith Co. Ltd. | 4,555 | 14 | |||
* | Dongsung Pharmaceutical Co. Ltd. | 3,606 | 14 | |||
* | Namsun Aluminum Co. Ltd. | 8,724 | 14 | |||
* | Komipharm International Co. Ltd. | 4,115 | 13 | |||
* | Bukwang Pharmaceutical Co. Ltd. | 2,512 | 12 | |||
LG HelloVision Co. Ltd. | 4,383 | 12 | ||||
* | Cuckoo Holdings Co. Ltd. | 938 | 12 | |||
* | NKMax Co. Ltd. | 9,664 | 12 | |||
*,3 | Cellivery Therapeutics Inc. | 2,360 | 12 | |||
* | Hyosung Chemical Corp. | 217 | 11 | |||
BGF Co. Ltd. | 3,740 | 11 | ||||
Nature Holdings Co. Ltd. | 949 | 11 | ||||
Dongkuk CM Co. Ltd. | 2,083 | 10 | ||||
Ilyang Pharmaceutical Co. Ltd. | 837 | 9 | ||||
* | Giantstep Inc. | 1,095 | 9 | |||
Songwon Industrial Co. Ltd. | 652 | 8 | ||||
* | Telcon RF Pharmaceutical Inc. | 12,975 | 7 | |||
* | Enzychem Lifesciences Corp. | 5,028 | 6 | |||
Jeil Pharmaceutical Co. Ltd. | 482 | 6 | ||||
Chongkundang Holdings Corp. | 97 | 4 | ||||
136,795 |
Shares | Market Value• ($000) | |||||
Spain (1.4%) | ||||||
Banco Santander SA | 2,664,883 | 11,106 | ||||
Banco Bilbao Vizcaya Argentaria SA | 996,128 | 9,936 | ||||
Industria de Diseno Textil SA | 175,001 | 7,785 | ||||
Amadeus IT Group SA | 75,079 | 4,442 | ||||
Telefonica SA | 847,655 | 3,478 | ||||
2 | Cellnex Telecom SA | 93,923 | 3,396 | |||
CaixaBank SA | 638,469 | 2,888 | ||||
2 | Aena SME SA | 12,004 | 2,281 | |||
Banco de Sabadell SA | 889,764 | 1,157 | ||||
Bankinter SA | 122,405 | 779 | ||||
Merlin Properties Socimi SA | 66,049 | 626 | ||||
Fluidra SA | 20,935 | 490 | ||||
Acerinox SA | 31,506 | 346 | ||||
Vidrala SA | 3,331 | 342 | ||||
Viscofan SA | 5,768 | 325 | ||||
Mapfre SA | 130,196 | 276 | ||||
Faes Farma SA | 80,098 | 260 | ||||
Laboratorios Farmaceuticos Rovi SA | 3,118 | 250 | ||||
Inmobiliaria Colonial Socimi SA | 41,411 | 225 | ||||
2 | Unicaja Banco SA | 209,656 | 215 | |||
Sacyr SA | 55,041 | 181 | ||||
1 | Corp. ACCIONA Energias Renovables SA | 8,704 | 180 | |||
* | Solaria Energia y Medio Ambiente SA | 12,606 | 150 | |||
Ebro Foods SA | 6,049 | 95 | ||||
Almirall SA | 10,822 | 93 | ||||
Linea Directa Aseguradora SA Cia de Seguros y Reaseguros | 93,929 | 93 | ||||
Construcciones y Auxiliar de Ferrocarriles SA | 2,559 | 91 | ||||
* | Melia Hotels International SA | 10,538 | 75 | |||
2 | Gestamp Automocion SA | 20,764 | 66 | |||
Pharma Mar SA | 2,003 | 66 | ||||
Fomento de Construcciones y Contratas SA | 3,618 | 52 | ||||
Lar Espana Real Estate Socimi SA | 6,008 | 42 | ||||
2 | Neinor Homes SA | 3,582 | 40 | |||
2 | Global Dominion Access SA | 10,196 | 38 | |||
2 | Prosegur Cash SA | 56,654 | 30 | |||
* | NH Hotel Group SA | 2,962 | 15 | |||
* | Distribuidora Internacional de Alimentacion SA | 1,053,042 | 15 |
Shares | Market Value• ($000) | |||||
Atresmedia Corp. de Medios de Comunicacion SA | 2,847 | 12 | ||||
1 | Prosegur Cia de Seguridad SA | 6,488 | 12 | |||
51,949 | ||||||
Sweden (2.3%) | ||||||
Atlas Copco AB Class A | 434,263 | 7,544 | ||||
Investor AB Class B | 259,049 | 6,518 | ||||
Assa Abloy AB Class B | 162,838 | 4,648 | ||||
Skandinaviska Enskilda Banken AB Class A | 266,100 | 3,958 | ||||
Swedbank AB Class A | 164,313 | 3,614 | ||||
Atlas Copco AB Class B | 233,734 | 3,499 | ||||
Svenska Handelsbanken AB Class A | 258,287 | 3,089 | ||||
Telefonaktiebolaget LM Ericsson Class B | 495,942 | 2,693 | ||||
Epiroc AB Class A | 139,937 | 2,540 | ||||
Essity AB Class B | 101,899 | 2,376 | ||||
Investor AB Class A | 87,513 | 2,172 | ||||
EQT AB | 69,978 | 2,050 | ||||
Industrivarden AB Class A | 49,843 | 1,702 | ||||
SKF AB Class B | 66,965 | 1,463 | ||||
Svenska Cellulosa AB SCA Class B | 102,368 | 1,449 | ||||
H & M Hennes & Mauritz AB Class B | 101,558 | 1,379 | ||||
Trelleborg AB Class B | 37,783 | 1,373 | ||||
Nibe Industrier AB Class B | 244,256 | 1,363 | ||||
Boliden AB | 46,572 | 1,180 | ||||
Skanska AB Class B | 63,791 | 1,177 | ||||
Telia Co. AB | 432,108 | 1,029 | ||||
SSAB AB Class B | 129,571 | 1,015 | ||||
Securitas AB Class B | 85,155 | 916 | ||||
* | Castellum AB | 74,369 | 892 | |||
Beijer Ref AB Class B | 62,999 | 887 | ||||
AddTech AB Class B | 38,680 | 856 | ||||
Tele2 AB Class B | 97,690 | 819 | ||||
* | Swedish Orphan Biovitrum AB | 32,300 | 794 | |||
Getinge AB Class B | 38,465 | 762 | ||||
Sagax AB Class B | 30,403 | 719 | ||||
* | Fastighets AB Balder Class B | 106,752 | 664 | |||
AAK AB | 28,830 | 636 | ||||
L E Lundbergforetagen AB Class B | 11,393 | 620 | ||||
Investment AB Latour Class B | 23,933 | 608 | ||||
Holmen AB Class B | 15,127 | 607 | ||||
Fortnox AB | 78,822 | 550 | ||||
Axfood AB | 17,964 | 502 | ||||
2 | Thule Group AB | 17,592 | 479 | |||
* | Sectra AB Class B | 23,871 | 476 |
Shares | Market Value• ($000) | |||||
Husqvarna AB Class B | 61,512 | 475 | ||||
Avanza Bank Holding AB | 21,558 | 475 | ||||
Nordnet AB publ | 25,869 | 473 | ||||
* | Kinnevik AB Class B | 42,672 | 453 | |||
Elekta AB Class B | 62,285 | 451 | ||||
Lagercrantz Group AB Class B | 30,622 | 444 | ||||
2 | Dometic Group AB | 49,747 | 398 | |||
Wihlborgs Fastigheter AB | 49,343 | 398 | ||||
Hemnet Group AB | 12,895 | 394 | ||||
* | Volvo Car AB Class B | 106,210 | 388 | |||
Epiroc AB Class B | 22,765 | 376 | ||||
2 | Munters Group AB | 20,310 | 372 | |||
Fabege AB | 45,345 | 371 | ||||
Mycronic AB | 10,290 | 339 | ||||
2 | Bravida Holding AB | 39,216 | 334 | |||
* | Electrolux AB Class B | 37,446 | 321 | |||
Vitec Software Group AB Class B | 5,181 | 284 | ||||
Loomis AB Class B | 10,473 | 283 | ||||
Lindab International AB | 13,108 | 275 | ||||
Bure Equity AB | 8,372 | 268 | ||||
Billerud Aktiebolag | 30,623 | 261 | ||||
Electrolux Professional AB Class B | 40,253 | 256 | ||||
*,2 | Sinch AB | 101,830 | 256 | |||
* | Embracer Group AB Class B | 142,585 | 253 | |||
Nyfosa AB | 29,084 | 246 | ||||
Addnode Group AB Class B | 20,560 | 216 | ||||
Vitrolife AB | 12,002 | 209 | ||||
JM AB | 13,235 | 206 | ||||
Wallenstam AB Class B | 45,313 | 201 | ||||
HMS Networks AB | 4,300 | 187 | ||||
Bufab AB | 4,829 | 185 | ||||
SSAB AB Class A | 23,301 | 182 | ||||
Catena AB | 4,200 | 172 | ||||
AddLife AB Class B | 17,773 | 172 | ||||
Biotage AB | 10,199 | 171 | ||||
Arjo AB Class B | 32,524 | 154 | ||||
Pandox AB Class B | 9,933 | 150 | ||||
Granges AB | 15,040 | 146 | ||||
Medicover AB Class B | 10,152 | 141 | ||||
Hufvudstaden AB Class A | 11,692 | 139 | ||||
*,2 | Boozt AB | 10,586 | 136 | |||
Peab AB Class B | 24,335 | 134 | ||||
Troax Group AB | 6,265 | 133 | ||||
* | Camurus AB | 2,888 | 127 | |||
* | Modern Times Group MTG AB Class B | 17,667 | 127 | |||
Instalco AB | 34,472 | 126 | ||||
MIPS AB | 3,993 | 122 | ||||
Nolato AB Class B | 27,698 | 115 |
Shares | Market Value• ($000) | |||||
* | OX2 AB Class B | 22,397 | 113 | |||
* | Sdiptech AB Class B | 4,531 | 109 | |||
Bilia AB Class A | 8,435 | 108 | ||||
Storskogen Group AB Class B | 214,391 | 107 | ||||
*,2 | BioArctic AB Class B | 5,204 | 107 | |||
Hexatronic Group AB | 32,964 | 101 | ||||
Atrium Ljungberg AB Class B | 5,230 | 97 | ||||
Skandinaviska Enskilda Banken AB Class C | 5,756 | 92 | ||||
Beijer Alma AB | 5,273 | 89 | ||||
NCC AB Class B | 6,418 | 87 | ||||
* | Truecaller AB Class B | 31,680 | 87 | |||
Ratos AB Class B | 25,666 | 86 | ||||
*,2 | Scandic Hotels Group AB | 15,177 | 77 | |||
Cibus Nordic Real Estate AB publ | 6,854 | 77 | ||||
SkiStar AB | 6,073 | 76 | ||||
Clas Ohlson AB Class B | 4,154 | 71 | ||||
NP3 Fastigheter AB | 3,741 | 68 | ||||
1 | Samhallsbyggnadsbolaget i Norden AB B Shares | 181,180 | 64 | |||
* | Stillfront Group AB | 68,590 | 64 | |||
Systemair AB | 8,015 | 63 | ||||
Corem Property Group AB Class B | 71,376 | 62 | ||||
NCC AB Class A | 4,523 | 60 | ||||
Dios Fastigheter AB | 8,023 | 58 | ||||
Sagax AB | 19,461 | 55 | ||||
Fagerhult Group AB | 8,279 | 49 | ||||
*,2 | Attendo AB | 13,033 | 47 | |||
MEKO AB | 3,765 | 42 | ||||
1 | Intrum AB | 10,067 | 33 | |||
Platzer Fastigheter Holding AB Class B | 4,452 | 33 | ||||
* | Norion Bank AB | 7,003 | 30 | |||
Volati AB | 2,413 | 24 | ||||
2 | Resurs Holding AB | 12,831 | 18 | |||
Investment AB Oresund | 1,595 | 18 | ||||
Samhallsbyggnadsbolaget i Norden AB | 20,190 | 9 | ||||
Cloetta AB Class B | 4,552 | 8 | ||||
* | Viaplay Group AB Class B | 11,860 | 1 | |||
84,403 | ||||||
Switzerland (6.3%) | ||||||
Nestle SA (Registered) | 442,727 | 45,918 | ||||
Novartis AG (Registered) | 343,044 | 34,612 | ||||
Roche Holding AG (XVTX) | 114,621 | 29,969 | ||||
UBS Group AG (Registered) | 501,214 | 14,311 | ||||
Zurich Insurance Group AG | 23,850 | 12,689 | ||||
Alcon Inc. | 81,930 | 6,986 |
Shares | Market Value• ($000) | |||||
Lonza Group AG (Registered) | 12,342 | 6,442 | ||||
Swiss Re AG | 48,072 | 5,802 | ||||
Givaudan SA (Registered) | 1,327 | 5,568 | ||||
Partners Group Holding AG | 3,674 | 5,283 | ||||
Swiss Life Holding AG (Registered) | 5,002 | 3,636 | ||||
Geberit AG (Registered) | 5,590 | 3,250 | ||||
Chocoladefabriken Lindt & Spruengli AG | 249 | 3,047 | ||||
Straumann Holding AG (Registered) | 17,906 | 2,830 | ||||
Kuehne + Nagel International AG (Registered) | 8,397 | 2,827 | ||||
Sonova Holding AG (Registered) | 8,503 | 2,623 | ||||
Logitech International SA (Registered) | 26,265 | 2,324 | ||||
Swisscom AG (Registered) | 3,994 | 2,283 | ||||
* | Sandoz Group AG | 70,533 | 2,182 | |||
2 | VAT Group AG | 4,315 | 2,166 | |||
Schindler Holding AG | 8,152 | 2,148 | ||||
Julius Baer Group Ltd. | 34,446 | 1,845 | ||||
Roche Holding AG (XSWX) | 4,983 | 1,378 | ||||
Baloise Holding AG (Registered) | 8,287 | 1,337 | ||||
Swiss Prime Site AG (Registered) | 13,971 | 1,335 | ||||
SIG Group AG | 57,270 | 1,135 | ||||
Georg Fischer AG (Registered) | 14,843 | 1,101 | ||||
Chocoladefabriken Lindt & Spruengli AG (Registered) | 8 | 962 | ||||
Helvetia Holding AG (Registered) | 6,426 | 908 | ||||
Tecan Group AG (Registered) | 2,202 | 860 | ||||
Swatch Group AG (Registered) | 18,498 | 845 | ||||
PSP Swiss Property AG (Registered) | 6,611 | 841 | ||||
Barry Callebaut AG (Registered) | 586 | 823 | ||||
2 | Galenica AG | 9,562 | 821 | |||
Belimo Holding AG (Registered) | 1,660 | 787 | ||||
Temenos AG (Registered) | 10,378 | 781 | ||||
Flughafen Zurich AG (Registered) | 3,560 | 751 | ||||
EMS-Chemie Holding AG (Registered) | 1,052 | 734 |
Shares | Market Value• ($000) | |||||
Swatch Group AG | 2,846 | 672 | ||||
Siegfried Holding AG (Registered) | 655 | 657 | ||||
Clariant AG (Registered) | 44,675 | 553 | ||||
Cembra Money Bank AG | 6,014 | 512 | ||||
Accelleron Industries AG | 14,781 | 499 | ||||
Banque Cantonale Vaudoise (Registered) | 4,142 | 496 | ||||
Mobimo Holding AG (Registered) | 1,678 | 491 | ||||
Valiant Holding AG (Registered) | 4,072 | 473 | ||||
Inficon Holding AG (Registered) | 299 | 464 | ||||
Comet Holding AG (Registered) | 1,221 | 433 | ||||
DKSH Holding AG | 5,854 | 430 | ||||
Bachem Holding AG | 5,253 | 416 | ||||
Schindler Holding AG (Registered) | 1,572 | 400 | ||||
Bucher Industries AG (Registered) | 932 | 395 | ||||
Softwareone Holding AG | 18,917 | 353 | ||||
Swissquote Group Holding SA (Registered) | 1,313 | 350 | ||||
SFS Group AG | 2,601 | 325 | ||||
Stadler Rail AG | 9,370 | 295 | ||||
Emmi AG (Registered) | 289 | 294 | ||||
Allreal Holding AG (Registered) | 1,692 | 291 | ||||
Landis+Gyr Group AG | 3,467 | 271 | ||||
Burckhardt Compression Holding AG | 448 | 266 | ||||
Interroll Holding AG (Registered) | 84 | 264 | ||||
* | Aryzta AG | 139,530 | 247 | |||
Forbo Holding AG (Registered) | 205 | 235 | ||||
* | ams-OSRAM AG | 153,853 | 234 | |||
Vontobel Holding AG (Registered) | 3,815 | 233 | ||||
Huber + Suhner AG (Registered) | 3,154 | 229 | ||||
Daetwyler Holding AG | 1,108 | 228 | ||||
VZ Holding AG | 1,803 | 227 | ||||
dormakaba Holding AG | 429 | 223 | ||||
Kardex Holding AG (Registered) | 803 | 213 | ||||
Ypsomed Holding AG (Registered) | 488 | 201 | ||||
EFG International AG | 12,948 | 185 | ||||
Arbonia AG | 12,860 | 177 | ||||
2 | Medacta Group SA | 1,188 | 170 |
Shares | Market Value• ($000) | |||||
St. Galler Kantonalbank AG (Registered) | 287 | 162 | ||||
SKAN Group AG | 1,667 | 153 | ||||
* | DocMorris AG | 1,326 | 124 | |||
Komax Holding AG (Registered) | 653 | 122 | ||||
LEM Holding SA (Registered) | 63 | 120 | ||||
u-blox Holding AG | 1,196 | 114 | ||||
ALSO Holding AG (Registered) | 424 | 111 | ||||
*,2 | Sensirion Holding AG | 1,436 | 109 | |||
OC Oerlikon Corp. AG (Registered) | 20,493 | 98 | ||||
COSMO Pharmaceuticals NV | 1,312 | 98 | ||||
Bossard Holding AG (Registered) Class A | 380 | 86 | ||||
* | Basilea Pharmaceutica AG (Registered) | 1,995 | 79 | |||
Bystronic AG | 159 | 78 | ||||
Bell Food Group AG (Registered) | 239 | 71 | ||||
Implenia AG (Registered) | 1,982 | 70 | ||||
* | Autoneum Holding AG | 443 | 65 | |||
Zehnder Group AG | 1,068 | 65 | ||||
Schweiter Technologies AG | 118 | 59 | ||||
2 | Medmix AG | 3,252 | 56 | |||
PIERER Mobility AG | 1,075 | 56 | ||||
Vetropack Holding AG (Registered) Class A | 1,354 | 55 | ||||
*,1 | Idorsia Ltd. | 21,510 | 54 | |||
Intershop Holding AG | 77 | 54 | ||||
*,2 | Medartis Holding AG | 662 | 54 | |||
*,1 | Meyer Burger Technology AG | 627,153 | 47 | |||
Rieter Holding AG (Registered) | 403 | 43 | ||||
*,2 | PolyPeptide Group AG | 2,288 | 42 | |||
VP Bank AG Class A | 345 | 38 | ||||
Leonteq AG | 937 | 30 | ||||
Hiag Immobilien Holding AG | 358 | 29 | ||||
APG SGA SA | 21 | 5 | ||||
228,889 | ||||||
Taiwan (6.6%) | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 3,992,720 | 87,499 | ||||
MediaTek Inc. | 253,937 | 9,164 | ||||
Hon Hai Precision Industry Co. Ltd. | 1,964,130 | 6,404 | ||||
Delta Electronics Inc. | 357,496 | 3,331 | ||||
Quanta Computer Inc. | 436,760 | 3,209 | ||||
1 | United Microelectronics Corp. | 1,914,103 | 2,951 |
Shares | Market Value• ($000) | |||||
Fubon Financial Holding Co. Ltd. | 1,259,738 | 2,712 | ||||
CTBC Financial Holding Co. Ltd. | 2,910,000 | 2,709 | ||||
ASE Technology Holding Co. Ltd. | 546,276 | 2,412 | ||||
Chunghwa Telecom Co. Ltd. | 603,000 | 2,297 | ||||
Mega Financial Holding Co. Ltd. | 1,849,194 | 2,266 | ||||
Cathay Financial Holding Co. Ltd. | 1,467,482 | 2,094 | ||||
Uni-President Enterprises Corp. | 796,351 | 1,934 | ||||
E.Sun Financial Holding Co. Ltd. | 2,334,781 | 1,867 | ||||
Novatek Microelectronics Corp. | 90,995 | 1,732 | ||||
Wistron Corp. | 470,000 | 1,721 | ||||
Nan Ya Plastics Corp. | 888,878 | 1,681 | ||||
Asustek Computer Inc. | 113,492 | 1,635 | ||||
China Steel Corp. | 2,059,796 | 1,604 | ||||
Yuanta Financial Holding Co. Ltd. | 1,826,986 | 1,588 | ||||
Alchip Technologies Ltd. | 12,000 | 1,574 | ||||
Formosa Plastics Corp. | 631,784 | 1,434 | ||||
Accton Technology Corp. | 87,000 | 1,432 | ||||
First Financial Holding Co. Ltd. | 1,668,697 | 1,431 | ||||
Largan Precision Co. Ltd. | 17,000 | 1,395 | ||||
Realtek Semiconductor Corp. | 76,294 | 1,375 | ||||
Taiwan Cooperative Financial Holding Co. Ltd. | 1,640,604 | 1,348 | ||||
1 | Chailease Holding Co. Ltd. | 234,247 | 1,295 | |||
Lite-On Technology Corp. | 348,958 | 1,211 | ||||
Unimicron Technology Corp. | 210,000 | 1,193 | ||||
Hotai Motor Co. Ltd. | 53,337 | 1,133 | ||||
SinoPac Financial Holdings Co. Ltd. | 1,757,021 | 1,118 | ||||
eMemory Technology Inc. | 13,000 | 1,116 | ||||
Yageo Corp. | 61,506 | 1,087 | ||||
Hua Nan Financial Holdings Co. Ltd. | 1,556,450 | 1,084 | ||||
* | China Development Financial Holding Corp. | 2,615,308 | 1,040 | |||
Wiwynn Corp. | 14,000 | 1,034 | ||||
E Ink Holdings Inc. | 132,728 | 1,033 | ||||
Taishin Financial Holding Co. Ltd. | 1,849,303 | 1,018 | ||||
Formosa Chemicals & Fibre Corp. | 529,708 | 959 |
Shares | Market Value• ($000) | |||||
Airtac International Group | 23,603 | 904 | ||||
Advantech Co. Ltd. | 73,000 | 901 | ||||
Evergreen Marine Corp. Taiwan Ltd. | 169,670 | 889 | ||||
Pegatron Corp. | 318,000 | 861 | ||||
Gigabyte Technology Co. Ltd. | 78,000 | 853 | ||||
Shanghai Commercial & Savings Bank Ltd. | 574,087 | 817 | ||||
President Chain Store Corp. | 94,000 | 801 | ||||
Asia Vital Components Co. Ltd. | 46,165 | 779 | ||||
Taiwan Mobile Co. Ltd. | 247,000 | 774 | ||||
Elite Material Co. Ltd. | 49,000 | 769 | ||||
WPG Holdings Ltd. | 257,760 | 757 | ||||
Inventec Corp. | 432,000 | 752 | ||||
Compal Electronics Inc. | 634,000 | 732 | ||||
Far EasTone Telecommunications Co. Ltd. | 289,134 | 720 | ||||
Global Unichip Corp. | 14,000 | 706 | ||||
Silergy Corp. | 53,000 | 699 | ||||
Innolux Corp. | 1,416,690 | 680 | ||||
Acer Inc. | 455,000 | 651 | ||||
Micro-Star International Co. Ltd. | 107,000 | 648 | ||||
Globalwafers Co. Ltd. | 35,000 | 618 | ||||
AUO Corp. | 1,104,400 | 613 | ||||
Catcher Technology Co. Ltd. | 98,000 | 611 | ||||
Synnex Technology International Corp. | 245,000 | 604 | ||||
* | Tatung Co. Ltd. | 360,000 | 592 | |||
Far Eastern New Century Corp. | 564,000 | 582 | ||||
Powertech Technology Inc. | 117,000 | 578 | ||||
Chang Hwa Commercial Bank Ltd. | 1,021,914 | 576 | ||||
* | Shin Kong Financial Holding Co. Ltd. | 2,168,287 | 569 | |||
Voltronic Power Technology Corp. | 11,152 | 567 | ||||
Chicony Electronics Co. Ltd. | 95,000 | 564 | ||||
Tripod Technology Corp. | 85,000 | 560 | ||||
Asia Cement Corp. | 401,000 | 513 | ||||
Eclat Textile Co. Ltd. | 30,000 | 513 | ||||
Walsin Lihwa Corp. | 435,104 | 510 | ||||
King Yuan Electronics Co. Ltd. | 178,000 | 501 | ||||
Phison Electronics Corp. | 25,000 | 497 | ||||
ASPEED Technology Inc. | 5,500 | 476 | ||||
King Slide Works Co. Ltd. | 11,000 | 473 |
Shares | Market Value• ($000) | |||||
Sino-American Silicon Products Inc. | 79,000 | 464 | ||||
Yang Ming Marine Transport Corp. | 292,398 | 461 | ||||
Chroma ATE Inc. | 61,000 | 450 | ||||
ASMedia Technology Inc. | 6,000 | 448 | ||||
Jentech Precision Industrial Co. Ltd. | 14,999 | 437 | ||||
International Games System Co. Ltd. | 16,000 | 432 | ||||
Powerchip Semiconductor Manufacturing Corp. | 494,000 | 432 | ||||
Taichung Commercial Bank Co. Ltd. | 811,434 | 428 | ||||
Faraday Technology Corp. | 34,000 | 417 | ||||
Feng TAY Enterprise Co. Ltd. | 77,728 | 407 | ||||
Eva Airways Corp. | 405,932 | 404 | ||||
WT Microelectronics Co. Ltd. | 74,038 | 402 | ||||
Compeq Manufacturing Co. Ltd. | 165,000 | 398 | ||||
* | PharmaEssentia Corp. | 38,000 | 396 | |||
Gold Circuit Electronics Ltd. | 48,500 | 395 | ||||
Winbond Electronics Corp. | 445,206 | 394 | ||||
Parade Technologies Ltd. | 12,000 | 386 | ||||
Nanya Technology Corp. | 181,000 | 385 | ||||
Radiant Opto-Electronics Corp. | 82,000 | 383 | ||||
Lotes Co. Ltd. | 11,377 | 369 | ||||
Pou Chen Corp. | 379,000 | 366 | ||||
Lien Hwa Industrial Holdings Corp. | 175,835 | 365 | ||||
Makalot Industrial Co. Ltd. | 30,707 | 361 | ||||
Hiwin Technologies Corp. | 47,504 | 361 | ||||
Cheng Shin Rubber Industry Co. Ltd. | 240,000 | 357 | ||||
Simplo Technology Co. Ltd. | 26,000 | 351 | ||||
Teco Electric & Machinery Co. Ltd. | 220,000 | 343 | ||||
Vanguard International Semiconductor Corp. | 142,000 | 324 | ||||
Ruentex Development Co. Ltd. | 281,740 | 324 | ||||
Giant Manufacturing Co. Ltd. | 49,740 | 321 | ||||
Oneness Biotech Co. Ltd. | 56,887 | 318 | ||||
Taiwan Business Bank | 713,787 | 316 |
Shares | Market Value• ($000) | |||||
Foxconn Technology Co. Ltd. | 200,000 | 315 | ||||
Taiwan High Speed Rail Corp. | 330,000 | 315 | ||||
Win Semiconductors Corp. | 65,000 | 313 | ||||
TA Chen Stainless Pipe | 272,763 | 310 | ||||
Fortune Electric Co. Ltd. | 18,000 | 307 | ||||
AP Memory Technology Corp. | 20,000 | 288 | ||||
Yulon Finance Corp. | 53,569 | 281 | ||||
Zhen Ding Technology Holding Ltd. | 88,000 | 280 | ||||
Wistron NeWeb Corp. | 56,791 | 276 | ||||
Qisda Corp. | 187,000 | 273 | ||||
* | China Petrochemical Development Corp. | 896,386 | 267 | |||
China Airlines Ltd. | 410,000 | 260 | ||||
Sinbon Electronics Co. Ltd. | 31,000 | 254 | ||||
Via Technologies Inc. | 60,000 | 251 | ||||
Highwealth Construction Corp. | 199,559 | 251 | ||||
Wan Hai Lines Ltd. | 157,260 | 251 | ||||
Macronix International Co. Ltd. | 272,000 | 245 | ||||
Shihlin Electric & Engineering Corp. | 41,000 | 243 | ||||
Topco Scientific Co. Ltd. | 38,271 | 236 | ||||
Huaku Development Co. Ltd. | 74,000 | 231 | ||||
* | Bank of Kaohsiung Co. Ltd. | 625,858 | 225 | |||
Poya International Co. Ltd. | 14,484 | 225 | ||||
Merida Industry Co. Ltd. | 34,000 | 225 | ||||
Sanyang Motor Co. Ltd. | 95,000 | 225 | ||||
Test Research Inc. | 97,000 | 224 | ||||
* | IBF Financial Holdings Co. Ltd. | 575,060 | 224 | |||
Tong Yang Industry Co. Ltd. | 71,000 | 222 | ||||
Nien Made Enterprise Co. Ltd. | 19,000 | 222 | ||||
Elan Microelectronics Corp. | 42,000 | 221 | ||||
Sigurd Microelectronics Corp. | 99,000 | 221 | ||||
Nan Ya Printed Circuit Board Corp. | 33,000 | 221 | ||||
AURAS Technology Co. Ltd. | 13,000 | 220 | ||||
Tung Ho Steel Enterprise Corp. | 89,110 | 218 | ||||
Charoen Pokphand Enterprise | 70,600 | 217 | ||||
Getac Holdings Corp. | 57,000 | 216 |
Shares | Market Value• ($000) | |||||
Century Iron & Steel Industrial Co. Ltd. | 26,000 | 212 | ||||
Taiwan Hon Chuan Enterprise Co. Ltd. | 45,000 | 207 | ||||
Walsin Technology Corp. | 58,000 | 206 | ||||
King's Town Bank Co. Ltd. | 142,000 | 201 | ||||
Senao International Co. Ltd. | 162,000 | 198 | ||||
Orient Semiconductor Electronics Ltd. | 85,000 | 195 | ||||
O-Bank Co. Ltd. | 615,000 | 194 | ||||
Ruentex Industries Ltd. | 103,002 | 193 | ||||
Yulon Motor Co. Ltd. | 86,185 | 193 | ||||
Chicony Power Technology Co. Ltd. | 36,000 | 193 | ||||
Bora Pharmaceuticals Co. Ltd. | 9,092 | 193 | ||||
Fusheng Precision Co. Ltd. | 27,000 | 192 | ||||
Chipbond Technology Corp. | 85,000 | 191 | ||||
Egis Technology Inc. | 18,000 | 191 | ||||
Sercomm Corp. | 44,000 | 189 | ||||
Taiwan Union Technology Corp. | 38,000 | 188 | ||||
Acter Group Corp. Ltd. | 30,000 | 185 | ||||
Taiwan Fertilizer Co. Ltd. | 86,000 | 181 | ||||
YFY Inc. | 187,000 | 179 | ||||
Ardentec Corp. | 79,000 | 177 | ||||
United Integrated Services Co. Ltd. | 19,000 | 176 | ||||
Run Long Construction Co. Ltd. | 54,000 | 176 | ||||
* | Nan Kang Rubber Tire Co. Ltd. | 141,000 | 176 | |||
Mitac Holdings Corp. | 131,248 | 176 | ||||
Great Wall Enterprise Co. Ltd. | 94,402 | 174 | ||||
Lotus Pharmaceutical Co. Ltd. | 19,000 | 174 | ||||
M31 Technology Corp. | 3,000 | 171 | ||||
Nichidenbo Corp. | 85,000 | 170 | ||||
Hotai Finance Co. Ltd. | 44,500 | 170 | ||||
FSP Technology Inc. | 95,000 | 168 | ||||
Xxentria Technology Materials Corp. | 72,900 | 166 | ||||
VisEra Technologies Co. Ltd. | 17,000 | 165 | ||||
Capital Securities Corp. | 307,000 | 163 | ||||
L&K Engineering Co. Ltd. | 30,000 | 160 | ||||
* | HTC Corp. | 103,000 | 159 | |||
Bizlink Holding Inc. | 20,708 | 159 | ||||
Systex Corp. | 44,000 | 157 | ||||
Far Eastern Department Stores Ltd. | 203,000 | 156 |
Shares | Market Value• ($000) | |||||
Kindom Development Co. Ltd. | 124,100 | 155 | ||||
Hong Pu Real Estate Development Co. Ltd. | 161,000 | 151 | ||||
AcBel Polytech Inc. | 111,883 | 151 | ||||
Gudeng Precision Industrial Co. Ltd. | 10,491 | 149 | ||||
China Motor Corp. | 37,200 | 148 | ||||
Goldsun Building Materials Co. Ltd. | 141,753 | 148 | ||||
* | Kuo Yang Construction Co. Ltd. | 207,000 | 148 | |||
Sitronix Technology Corp. | 16,000 | 147 | ||||
Silicon Integrated Systems Corp. | 107,080 | 146 | ||||
Visual Photonics Epitaxy Co. Ltd. | 28,000 | 145 | ||||
Sunonwealth Electric Machine Industry Co. Ltd. | 36,000 | 145 | ||||
* | Radium Life Tech Co. Ltd. | 480,037 | 143 | |||
Raydium Semiconductor Corp. | 10,000 | 142 | ||||
* | Globe Union Industrial Corp. | 276,828 | 141 | |||
Ta Ya Electric Wire & Cable | 118,253 | 140 | ||||
Kung Long Batteries Industrial Co. Ltd. | 33,000 | 138 | ||||
Wisdom Marine Lines Co. Ltd. | 70,543 | 137 | ||||
Feng Hsin Steel Co. Ltd. | 62,000 | 134 | ||||
momo.com Inc. | 9,504 | 134 | ||||
RDC Semiconductor Co. Ltd. | 8,240 | 131 | ||||
Wah Lee Industrial Corp. | 36,720 | 130 | ||||
Taiwan Surface Mounting Technology Corp. | 42,000 | 130 | ||||
Ennoconn Corp. | 13,710 | 130 | ||||
Sporton International Inc. | 17,372 | 129 | ||||
Arcadyan Technology Corp. | 22,123 | 129 | ||||
Grape King Bio Ltd. | 26,000 | 128 | ||||
Taiyen Biotech Co. Ltd. | 117,000 | 127 | ||||
* | RichWave Technology Corp. | 17,650 | 126 | |||
Chief Telecom Inc. | 11,000 | 126 | ||||
Kuo Toong International Co. Ltd. | 57,330 | 125 | ||||
Pixart Imaging Inc. | 23,000 | 125 | ||||
YungShin Global Holding Corp. | 84,000 | 125 |
Shares | Market Value• ($000) | |||||
Gloria Material Technology Corp. | 83,000 | 124 | ||||
Supreme Electronics Co. Ltd. | 62,980 | 124 | ||||
Taiwan Secom Co. Ltd. | 33,000 | 124 | ||||
ChipMOS Technologies Inc. | 89,000 | 124 | ||||
Nan Pao Resins Chemical Co. Ltd. | 13,000 | 124 | ||||
* | Phihong Technology Co. Ltd. | 63,380 | 123 | |||
ITEQ Corp. | 43,466 | 123 | ||||
* | Polaris Group | 55,000 | 123 | |||
Kinsus Interconnect Technology Corp. | 40,000 | 122 | ||||
Foxsemicon Integrated Technology Inc. | 16,000 | 122 | ||||
Tong Hsing Electronic Industries Ltd. | 25,322 | 121 | ||||
* | Mercuries Life Insurance Co. Ltd. | 772,203 | 121 | |||
ITE Technology Inc. | 23,000 | 120 | ||||
FLEXium Interconnect Inc. | 43,000 | 118 | ||||
* | Taiwan Glass Industry Corp. | 205,000 | 118 | |||
* | Advanced Wireless Semiconductor Co. | 26,370 | 118 | |||
AGV Products Corp. | 312,000 | 117 | ||||
Greatek Electronics Inc. | 62,000 | 117 | ||||
Standard Foods Corp. | 98,000 | 117 | ||||
Global Brands Manufacture Ltd. | 56,120 | 116 | ||||
* | Ennostar Inc. | 84,000 | 114 | |||
Merry Electronics Co. Ltd. | 30,298 | 113 | ||||
XinTec Inc. | 27,000 | 113 | ||||
Topkey Corp. | 19,000 | 113 | ||||
Innodisk Corp. | 11,651 | 113 | ||||
Coretronic Corp. | 50,000 | 112 | ||||
Wei Chuan Foods Corp. | 188,000 | 112 | ||||
Microbio Co. Ltd. | 75,965 | 112 | ||||
Dynamic Holding Co. Ltd. | 46,997 | 112 | ||||
Machvision Inc. | 11,039 | 111 | ||||
Shinkong Synthetic Fibers Corp. | 228,000 | 110 | ||||
Taiwan Semiconductor Co. Ltd. | 43,000 | 109 | ||||
Formosa Taffeta Co. Ltd. | 146,000 | 109 | ||||
Eternal Materials Co. Ltd. | 106,400 | 108 | ||||
* | TaiMed Biologics Inc. | 31,000 | 108 | |||
Cheng Loong Corp. | 115,000 | 106 | ||||
Kaori Heat Treatment Co. Ltd. | 12,000 | 106 | ||||
Fitipower Integrated Technology Inc. | 13,703 | 105 |
Shares | Market Value• ($000) | |||||
Everlight Electronics Co. Ltd. | 66,000 | 104 | ||||
Unitech Printed Circuit Board Corp. | 154,363 | 104 | ||||
Far Eastern International Bank | 265,036 | 104 | ||||
Elite Semiconductor Microelectronics Technology Inc. | 35,000 | 104 | ||||
U-Ming Marine Transport Corp. | 59,000 | 104 | ||||
Allied Supreme Corp. | 8,000 | 103 | ||||
Bioteque Corp. | 27,000 | 102 | ||||
President Securities Corp. | 155,532 | 101 | ||||
Kenda Rubber Industrial Co. Ltd. | 105,001 | 101 | ||||
Darfon Electronics Corp. | 60,000 | 101 | ||||
Etron Technology Inc. | 58,640 | 100 | ||||
* | HannStar Display Corp. | 276,000 | 99 | |||
Flytech Technology Co. Ltd. | 44,000 | 99 | ||||
Taiwan PCB Techvest Co. Ltd. | 75,000 | 99 | ||||
Fulgent Sun International Holding Co. Ltd. | 25,000 | 99 | ||||
Chung Hung Steel Corp. | 135,000 | 99 | ||||
ADATA Technology Co. Ltd. | 31,000 | 98 | ||||
Hannstar Board Corp. | 54,000 | 97 | ||||
Pan Jit International Inc. | 48,400 | 96 | ||||
Evergreen International Storage & Transport Corp. | 91,000 | 96 | ||||
Sunplus Technology Co. Ltd. | 91,000 | 95 | ||||
* | Tyntek Corp. | 151,000 | 94 | |||
* | Rich Development Co. Ltd. | 285,000 | 94 | |||
Taiwan Sakura Corp. | 40,000 | 94 | ||||
China Steel Chemical Corp. | 26,000 | 92 | ||||
Hota Industrial Manufacturing Co. Ltd. | 51,810 | 92 | ||||
* | Lung Yen Life Service Corp. | 74,000 | 92 | |||
Prince Housing & Development Corp. | 282,000 | 92 | ||||
Shinkong Insurance Co. Ltd. | 42,000 | 92 | ||||
MPI Corp. | 9,000 | 92 | ||||
Ton Yi Industrial Corp. | 185,000 | 91 | ||||
* | CMC Magnetics Corp. | 259,747 | 90 | |||
Advanced Energy Solution Holding Co. Ltd. | 4,000 | 90 | ||||
TXC Corp. | 28,000 | 88 |
Shares | Market Value• ($000) | |||||
Wafer Works Corp. | 69,923 | 88 | ||||
Primax Electronics Ltd. | 38,000 | 88 | ||||
TCI Co. Ltd. | 17,297 | 88 | ||||
Continental Holdings Corp. | 104,000 | 88 | ||||
Zyxel Group Corp. | 60,961 | 87 | ||||
Hsin Kuang Steel Co. Ltd. | 41,000 | 87 | ||||
Career Technology MFG. Co. Ltd. | 131,702 | 87 | ||||
China Chemical & Pharmaceutical Co. Ltd. | 112,000 | 86 | ||||
* | Medigen Vaccine Biologics Corp. | 44,390 | 86 | |||
Lingsen Precision Industries Ltd. | 101,000 | 85 | ||||
Tong-Tai Machine & Tool Co. Ltd. | 128,000 | 85 | ||||
Grand Pacific Petrochemical | 188,799 | 85 | ||||
Holy Stone Enterprise Co. Ltd. | 27,300 | 84 | ||||
TYC Brother Industrial Co. Ltd. | 52,000 | 83 | ||||
Kinpo Electronics | 170,000 | 83 | ||||
Sinyi Realty Inc. | 89,000 | 83 | ||||
IEI Integration Corp. | 31,000 | 83 | ||||
Sunny Friend Environmental Technology Co. Ltd. | 24,737 | 83 | ||||
Pegavision Corp. | 6,514 | 83 | ||||
SDI Corp. | 25,000 | 82 | ||||
EVERGREEN Steel Corp. | 24,000 | 82 | ||||
Taiwan-Asia Semiconductor Corp. | 61,000 | 81 | ||||
Pan-International Industrial Corp. | 78,000 | 81 | ||||
Sheng Yu Steel Co. Ltd. | 92,000 | 81 | ||||
Dimerco Express Corp. | 30,451 | 81 | ||||
Solar Applied Materials Technology Corp. | 57,000 | 80 | ||||
* | Adimmune Corp. | 86,000 | 80 | |||
Sampo Corp. | 86,000 | 79 | ||||
Gamania Digital Entertainment Co. Ltd. | 35,000 | 79 | ||||
Andes Technology Corp. | 5,000 | 79 | ||||
China Metal Products | 64,000 | 78 | ||||
Quanta Storage Inc. | 32,000 | 78 | ||||
Jess-Link Products Co. Ltd. | 26,000 | 78 | ||||
FocalTech Systems Co. Ltd. | 25,203 | 78 | ||||
CHC Healthcare Group | 40,000 | 78 | ||||
KMC Kuei Meng International Inc. | 16,000 | 78 |
Shares | Market Value• ($000) | |||||
Nuvoton Technology Corp. | 19,000 | 78 | ||||
Taiwan Paiho Ltd. | 42,000 | 77 | ||||
Apex International Co. Ltd. | 53,000 | 77 | ||||
Basso Industry Corp. | 59,000 | 76 | ||||
China Bills Finance Corp. | 165,000 | 76 | ||||
Soft-World International Corp. | 18,000 | 76 | ||||
Weltrend Semiconductor | 36,000 | 76 | ||||
Shin Zu Shing Co. Ltd. | 14,165 | 76 | ||||
Advanced International Multitech Co. Ltd. | 32,000 | 75 | ||||
Syncmold Enterprise Corp. | 30,000 | 75 | ||||
Global Mixed Mode Technology Inc. | 9,000 | 74 | ||||
Sensortek Technology Corp. | 5,000 | 74 | ||||
Rechi Precision Co. Ltd. | 98,000 | 73 | ||||
Sinon Corp. | 55,000 | 73 | ||||
WinWay Technology Co. Ltd. | 3,000 | 73 | ||||
Tainan Spinning Co. Ltd. | 148,000 | 72 | ||||
Yieh Phui Enterprise Co. Ltd. | 148,365 | 72 | ||||
Chin-Poon Industrial Co. Ltd. | 43,000 | 71 | ||||
United Renewable Energy Co. Ltd. | 180,420 | 71 | ||||
LandMark Optoelectronics Corp. | 15,000 | 71 | ||||
Brighton-Best International Taiwan Inc. | 66,000 | 71 | ||||
Taiwan Mask Corp. | 32,000 | 71 | ||||
China Electric Manufacturing Corp. | 128,540 | 70 | ||||
Sonix Technology Co. Ltd. | 41,000 | 70 | ||||
Center Laboratories Inc. | 46,614 | 70 | ||||
Iron Force Industrial Co. Ltd. | 24,000 | 70 | ||||
UPI Semiconductor Corp. | 7,000 | 70 | ||||
YC INOX Co. Ltd. | 85,476 | 69 | ||||
Infortrend Technology Inc. | 86,000 | 69 | ||||
Great Tree Pharmacy Co. Ltd. | 7,140 | 69 | ||||
KEE TAI Properties Co. Ltd. | 139,000 | 68 | ||||
Chang Wah Electromaterials Inc. | 56,000 | 68 | ||||
Dynapack International Technology Corp. | 26,000 | 67 |
Shares | Market Value• ($000) | |||||
Shiny Chemical Industrial Co. Ltd. | 13,750 | 67 | ||||
Chenbro Micom Co. Ltd. | 8,000 | 67 | ||||
Ichia Technologies Inc. | 60,000 | 66 | ||||
Taiflex Scientific Co. Ltd. | 46,000 | 66 | ||||
PharmaEngine Inc. | 20,000 | 66 | ||||
Chlitina Holding Ltd. | 11,000 | 66 | ||||
Thinking Electronic Industrial Co. Ltd. | 12,000 | 65 | ||||
Cathay Real Estate Development Co. Ltd. | 110,000 | 64 | ||||
Namchow Holdings Co. Ltd. | 37,000 | 64 | ||||
* | CyberTAN Technology Inc. | 98,000 | 64 | |||
* | Taiwan TEA Corp. | 98,000 | 64 | |||
Elite Advanced Laser Corp. | 30,000 | 64 | ||||
Universal Vision Biotechnology Co. Ltd. | 6,678 | 64 | ||||
ASROCK Inc. | 8,000 | 64 | ||||
Sincere Navigation Corp. | 71,900 | 63 | ||||
TTY Biopharm Co. Ltd. | 24,000 | 62 | ||||
TSRC Corp. | 86,000 | 62 | ||||
USI Corp. | 108,000 | 62 | ||||
Waffer Technology Corp. | 19,000 | 62 | ||||
Transcend Information Inc. | 24,000 | 61 | ||||
Brogent Technologies Inc. | 15,100 | 61 | ||||
International CSRC Investment Holdings Co. | 104,990 | 60 | ||||
Hu Lane Associate Inc. | 11,275 | 60 | ||||
Chia Hsin Cement Corp. | 107,100 | 60 | ||||
Co-Tech Development Corp. | 32,000 | 60 | ||||
ZillTek Technology Corp. | 4,000 | 60 | ||||
Hung Sheng Construction Ltd. | 92,600 | 59 | ||||
Johnson Health Tech Co. Ltd. | 28,000 | 59 | ||||
BES Engineering Corp. | 150,000 | 58 | ||||
* | Lealea Enterprise Co. Ltd. | 179,920 | 58 | |||
Posiflex Technology Inc. | 14,000 | 58 | ||||
Dyaco International Inc. | 59,505 | 58 | ||||
Chang Wah Technology Co. Ltd. | 53,500 | 58 | ||||
Advanced Ceramic X Corp. | 8,000 | 57 | ||||
Channel Well Technology Co. Ltd. | 22,000 | 57 | ||||
Chung Hwa Pulp Corp. | 78,000 | 56 | ||||
* | Mercuries & Associates Holding Ltd. | 139,969 | 56 |
Shares | Market Value• ($000) | |||||
Cleanaway Co. Ltd. | 10,000 | 56 | ||||
Speed Tech Corp. | 26,000 | 56 | ||||
Chun Yuan Steel Industry Co. Ltd. | 99,000 | 55 | ||||
Farglory Land Development Co. Ltd. | 31,000 | 55 | ||||
* | HannsTouch Holdings Co. | 190,000 | 55 | |||
TPK Holding Co. Ltd. | 49,000 | 54 | ||||
* | Rexon Industrial Corp. Ltd. | 35,000 | 54 | |||
Cheng Uei Precision Industry Co. Ltd. | 37,000 | 53 | ||||
Everlight Chemical Industrial Corp. | 77,000 | 52 | ||||
Zeng Hsing Industrial Co. Ltd. | 16,115 | 52 | ||||
* | Yeong Guan Energy Technology Group Co. Ltd. | 28,468 | 52 | |||
Chunghwa Precision Test Tech Co. Ltd. | 3,000 | 52 | ||||
T3EX Global Holdings Corp. | 18,000 | 52 | ||||
Elitegroup Computer Systems Co. Ltd. | 50,000 | 51 | ||||
Alpha Networks Inc. | 43,772 | 51 | ||||
Asia Polymer Corp. | 71,757 | 50 | ||||
Motech Industries Inc. | 56,594 | 50 | ||||
Savior Lifetec Corp. | 76,436 | 49 | ||||
Kaimei Electronic Corp. | 23,200 | 49 | ||||
* | Foresee Pharmaceuticals Co. Ltd. | 14,538 | 49 | |||
Gemtek Technology Corp. | 42,000 | 47 | ||||
* | OBI Pharma Inc. | 22,354 | 47 | |||
Oriental Union Chemical Corp. | 75,000 | 46 | ||||
Cub Elecparts Inc. | 11,281 | 46 | ||||
General Interface Solution Holding Ltd. | 25,000 | 46 | ||||
* | Zinwell Corp. | 66,000 | 45 | |||
Anpec Electronics Corp. | 6,000 | 45 | ||||
Marketech International Corp. | 9,000 | 45 | ||||
D-Link Corp. | 71,760 | 44 | ||||
Longchen Paper & Packaging Co. Ltd. | 100,803 | 44 | ||||
Nan Liu Enterprise Co. Ltd. | 19,000 | 44 | ||||
Synmosa Biopharma Corp. | 35,820 | 44 | ||||
UPC Technology Corp. | 91,000 | 42 | ||||
Tung Thih Electronic Co. Ltd. | 10,000 | 42 | ||||
Genesys Logic Inc. | 11,000 | 42 |
Shares | Market Value• ($000) | |||||
AmTRAN Technology Co. Ltd. | 86,238 | 41 | ||||
Actron Technology Corp. | 7,574 | 40 | ||||
Darwin Precisions Corp. | 75,000 | 37 | ||||
Swancor Holding Co. Ltd. | 10,000 | 37 | ||||
Holtek Semiconductor Inc. | 19,000 | 36 | ||||
* | Federal Corp. | 61,000 | 36 | |||
* | Shining Building Business Co. Ltd. | 112,000 | 35 | |||
TaiDoc Technology Corp. | 7,000 | 35 | ||||
Formosa Sumco Technology Corp. | 7,000 | 35 | ||||
Adlink Technology Inc. | 17,000 | 34 | ||||
* | Li Peng Enterprise Co. Ltd. | 128,000 | 34 | |||
* | China Man-Made Fiber Corp. | 133,240 | 33 | |||
Taiwan Styrene Monomer | 70,000 | 32 | ||||
Ability Enterprise Co. Ltd. | 36,000 | 29 | ||||
China General Plastics Corp. | 43,155 | 28 | ||||
Nantex Industry Co. Ltd. | 25,000 | 28 | ||||
* | ALI Corp. | 27,000 | 27 | |||
Panion & BF Biotech Inc. | 8,000 | 26 | ||||
Evergreen Aviation Technologies Corp. | 8,000 | 26 | ||||
Gourmet Master Co. Ltd. | 9,000 | 25 | ||||
91APP Inc. | 8,000 | 25 | ||||
VIA Labs Inc. | 3,000 | 25 | ||||
Ho Tung Chemical Corp. | 85,000 | 24 | ||||
* | Medigen Biotechnology Corp. | 18,000 | 24 | |||
* | Taigen Biopharmaceuticals Holdings Ltd. | 49,000 | 23 | |||
Amazing Microelectronic Corp. | 6,242 | 23 | ||||
Yulon Nissan Motor Co. Ltd. | 4,000 | 21 | ||||
* | Gigasolar Materials Corp. | 5,790 | 21 | |||
Fittech Co. Ltd. | 10,000 | 20 | ||||
St. Shine Optical Co. Ltd. | 3,000 | 19 | ||||
* | PChome Online Inc. | 15,430 | 19 | |||
* | Ritek Corp. | 71,214 | 18 | |||
Ultra Chip Inc. | 6,000 | 17 | ||||
Altek Corp. | 14,000 | 15 | ||||
Shin Foong Specialty & Applied Materials Co. Ltd. | 7,000 | 11 |
Shares | Market Value• ($000) | |||||
ScinoPharm Taiwan Ltd. | 13,000 | 10 | ||||
*,3 | Pharmally International Holding Co. Ltd. | 1,282 | — | |||
240,801 | ||||||
Thailand (0.6%) | ||||||
CP ALL PCL (Foreign) | 1,021,100 | 1,637 | ||||
Bangkok Dusit Medical Services PCL (Foreign) | 1,759,800 | 1,398 | ||||
Airports of Thailand PCL (Foreign) | 694,200 | 1,230 | ||||
Advanced Info Service PCL (Foreign) | 190,900 | 1,071 | ||||
Kasikornbank PCL (Foreign) | 280,300 | 962 | ||||
* | Delta Electronics Thailand PCL (Foreign) | 468,000 | 932 | |||
SCB X PCL (Foreign) | 293,700 | 923 | ||||
Central Pattana PCL (Foreign) | 496,900 | 897 | ||||
Siam Cement PCL (Foreign) | 119,400 | 896 | ||||
Minor International PCL (Foreign) | 708,400 | 627 | ||||
Bumrungrad Hospital PCL (Foreign) | 95,500 | 596 | ||||
Krung Thai Bank PCL (Foreign) | 998,000 | 448 | ||||
Central Retail Corp. PCL (Foreign) | 444,400 | 431 | ||||
Bangkok Bank PCL (Foreign) | 102,700 | 410 | ||||
Charoen Pokphand Foods PCL (Foreign) | 762,500 | 402 | ||||
TMBThanachart Bank PCL (Foreign) | 6,846,424 | 352 | ||||
Bangkok Expressway & Metro PCL (Foreign) | 1,544,100 | 347 | ||||
PTT Global Chemical PCL (Foreign) | 319,600 | 338 | ||||
Intouch Holdings PCL (Foreign) | 175,056 | 331 | ||||
* | True Corp. PCL (Foreign) | 1,623,714 | 322 | |||
Home Product Center PCL (Foreign) | 1,024,400 | 320 | ||||
Tisco Financial Group PCL (Foreign) | 110,400 | 310 | ||||
Energy Absolute PCL (Foreign) | 292,000 | 287 | ||||
Land & Houses PCL (Foreign) | 1,277,100 | 270 | ||||
Krungthai Card PCL (Foreign) | 202,600 | 242 | ||||
Indorama Ventures PCL (Foreign) | 350,700 | 228 | ||||
Kiatnakin Phatra Bank PCL (Foreign) | 155,800 | 224 | ||||
CP Axtra PCL (Foreign) | 226,637 | 210 |
Shares | Market Value• ($000) | |||||
Thai Union Group PCL (Foreign) | 478,700 | 192 | ||||
BTS Group Holdings PCL (Foreign) | 1,331,200 | 191 | ||||
* | Central Plaza Hotel PCL (Foreign) | 138,000 | 166 | |||
Thanachart Capital PCL (Foreign) | 118,500 | 164 | ||||
SCG Packaging PCL (Foreign) | 188,000 | 147 | ||||
Thonburi Healthcare Group PCL (Foreign) | 120,600 | 146 | ||||
Supalai PCL (Foreign) | 246,800 | 145 | ||||
KCE Electronics PCL (Foreign) | 130,800 | 139 | ||||
Muangthai Capital PCL (Foreign) | 105,000 | 134 | ||||
Com7 PCL (Foreign) | 214,100 | 124 | ||||
Siam Global House PCL (Foreign) | 257,789 | 122 | ||||
Ngern Tid Lor PCL (Foreign) | 194,513 | 122 | ||||
*,1 | Jasmine Technology Solution PCL (Foreign) | 51,700 | 122 | |||
Osotspa PCL (Foreign) | 209,000 | 119 | ||||
Asset World Corp. PCL (Foreign) | 1,079,700 | 116 | ||||
Sansiri PCL (Foreign) | 2,125,700 | 109 | ||||
AP Thailand PCL (Foreign) | 357,600 | 105 | ||||
Srisawad Corp. PCL (Foreign) | 99,100 | 105 | ||||
Berli Jucker PCL (Foreign) | 154,400 | 104 | ||||
Hana Microelectronics PCL (Foreign) | 99,100 | 103 | ||||
Bangkok Chain Hospital PCL (Foreign) | 168,500 | 99 | ||||
Amata Corp. PCL (Foreign) | 136,593 | 86 | ||||
Sino-Thai Engineering & Construction PCL (Foreign) | 303,000 | 85 | ||||
Chularat Hospital PCL (Foreign) | 885,000 | 73 | ||||
Sri Trang Agro-Industry PCL (Foreign) | 125,500 | 68 | ||||
Thailand Future Fund | 347,700 | 67 | ||||
Thoresen Thai Agencies PCL (Foreign) | 341,100 | 66 | ||||
Mega Lifesciences PCL (Foreign) | 56,000 | 65 | ||||
AEON Thana Sinsap Thailand PCL (Foreign) | 15,000 | 63 | ||||
Bangkok Commercial Asset Management PCL (Foreign) | 270,300 | 63 | ||||
Dohome PCL (Foreign) | 183,366 | 61 |
Shares | Market Value• ($000) | |||||
Ramkhamhaeng Hospital PCL (Foreign) | 75,100 | 61 | ||||
Quality Houses PCL (Foreign) | 994,900 | 60 | ||||
JMT Network Services PCL (Foreign) | 96,292 | 60 | ||||
Betagro PCL (Foreign) | 91,600 | 57 | ||||
Plan B Media PCL (Foreign) | 228,468 | 56 | ||||
Siam City Cement PCL (Foreign) | 13,400 | 51 | ||||
Bangkok Airways PCL (Foreign) | 110,500 | 49 | ||||
TTW PCL (Foreign) | 179,400 | 47 | ||||
* | Beyond Securities PCL (Foreign) | 450,800 | 46 | |||
I-TAIL Corp. PCL (Foreign) | 89,900 | 46 | ||||
Thai Vegetable Oil PCL (Foreign) | 76,070 | 45 | ||||
TOA Paint Thailand PCL (Foreign) | 75,200 | 42 | ||||
Tipco Asphalt PCL (Foreign) | 94,800 | 42 | ||||
Dhipaya Group Holdings PCL (Foreign) | 50,400 | 41 | ||||
Forth Corp. PCL (Foreign) | 90,900 | 41 | ||||
Bangkok Life Assurance PCL NVDR | 80,800 | 40 | ||||
Jaymart Group Holdings PCL (Foreign) | 95,100 | 37 | ||||
Major Cineplex Group PCL (Foreign) | 92,700 | 36 | ||||
Sri Trang Gloves Thailand PCL (Foreign) | 142,600 | 34 | ||||
TQM Alpha PCL (Foreign) | 46,700 | 34 | ||||
*,3 | Thai Airways International PCL (Foreign) | 469,000 | 33 | |||
Thaicom PCL (Foreign) | 101,500 | 33 | ||||
* | Bangkok Land PCL (Foreign) | 1,730,200 | 33 | |||
VGI PCL (Foreign) | 790,949 | 32 | ||||
Jasmine International PCL (Foreign) | 539,700 | 31 | ||||
GFPT PCL (Foreign) | 83,900 | 28 | ||||
MBK PCL (Foreign) | 59,400 | 27 | ||||
Pruksa Holding PCL (Foreign) | 78,900 | 27 | ||||
Taokaenoi Food & Marketing PCL (Foreign) | 77,500 | 26 | ||||
Singer Thailand PCL (Foreign) | 90,800 | 24 | ||||
Precious Shipping PCL (Foreign) | 89,000 | 22 |
Shares | Market Value• ($000) | |||||
BEC World PCL (Foreign) | 193,400 | 22 | ||||
Workpoint Entertainment PCL (Foreign) | 80,100 | 22 | ||||
MK Restaurants Group PCL (Foreign) | 21,000 | 22 | ||||
BCPG PCL (Foreign) | 95,352 | 21 | ||||
SPCG PCL (Foreign) | 57,800 | 20 | ||||
Thaifoods Group PCL (Foreign) | 213,600 | 20 | ||||
* | Samart Corp. PCL (Foreign) | 116,300 | 19 | |||
LPN Development PCL (Foreign) | 190,300 | 19 | ||||
Ratchthani Leasing PCL (Foreign) | 313,500 | 18 | ||||
* | Super Energy Corp. PCL (Foreign) | 1,608,300 | 15 | |||
* | Italian-Thai Development PCL (Foreign) | 575,900 | 14 | |||
Origin Property PCL (Foreign) | 38,000 | 8 | ||||
* | Rabbit Holdings PCL (Foreign) | 738,100 | 8 | |||
Advanced Info Service PCL | 1,200 | 7 | ||||
* | Kerry Express Thailand PCL (Foreign) | 45,400 | 7 | |||
21,595 | ||||||
Turkey (0.3%) | ||||||
BIM Birlesik Magazalar A/S | 72,480 | 900 | ||||
* | Turk Hava Yollari AO | 88,767 | 800 | |||
Akbank TAS | 502,745 | 668 | ||||
Turkiye Is Bankasi A/S Class C | 1,274,119 | 452 | ||||
Turkiye Sise ve Cam Fabrikalari A/S | 258,167 | 423 | ||||
Turkcell Iletisim Hizmetleri A/S | 191,261 | 410 | ||||
Yapi ve Kredi Bankasi A/S | 517,961 | 382 | ||||
* | Eregli Demir ve Celik Fabrikalari TAS | 258,323 | 376 | |||
Ford Otomotiv Sanayi A/S | 9,454 | 308 | ||||
* | Sasa Polyester Sanayi A/S | 204,136 | 258 | |||
Coca-Cola Icecek A/S | 12,322 | 255 | ||||
Migros Ticaret A/S | 13,699 | 216 | ||||
Turkiye Garanti Bankasi A/S | 95,765 | 193 | ||||
* | Pegasus Hava Tasimaciligi A/S | 6,359 | 175 | |||
Arcelik A/S | 32,039 | 173 |
Shares | Market Value• ($000) | |||||
Tofas Turk Otomobil Fabrikasi A/S | 18,068 | 154 | ||||
2 | Mavi Giyim Sanayi ve Ticaret A/S Class B | 33,892 | 154 | |||
Kardemir Karabuk Demir Celik Sanayi ve Ticaret A/S | 162,844 | 140 | ||||
* | Petkim Petrokimya Holding A/S | 173,711 | 134 | |||
* | TAV Havalimanlari Holding A/S | 23,282 | 130 | |||
* | Oyak Cimento Fabrikalari A/S | 56,721 | 129 | |||
Borusan Yatirim ve Pazarlama A/S | 935 | 129 | ||||
Turk Traktor ve Ziraat Makineleri A/S | 4,460 | 124 | ||||
Nuh Cimento Sanayi A/S | 11,274 | 119 | ||||
* | Hektas Ticaret TAS | 188,434 | 115 | |||
Is Yatirim Menkul Degerler A/S | 94,936 | 113 | ||||
* | Ulker Biskuvi Sanayi A/S | 32,021 | 109 | |||
EGE Endustri ve Ticaret A/S | 195 | 108 | ||||
Koza Altin Isletmeleri A/S | 147,456 | 108 | ||||
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S | 297,714 | 106 | ||||
*,2 | MLP Saglik Hizmetleri A/S Class B | 18,870 | 103 | |||
Sok Marketler Ticaret A/S | 40,730 | 87 | ||||
* | Gubre Fabrikalari TAS | 12,309 | 79 | |||
Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A/S | 66,713 | 73 | ||||
Logo Yazilim Sanayi ve Ticaret A/S | 20,409 | 70 | ||||
* | Anadolu Anonim Turk Sigorta Sirketi | 30,978 | 68 | |||
Torunlar Gayrimenkul Yatirim Ortakligi A/S | 55,646 | 67 | ||||
Dogus Otomotiv Servis ve Ticaret A/S | 7,746 | 66 | ||||
* | Turk Telekomunikasyon A/S | 63,776 | 66 | |||
2 | Enerjisa Enerji A/S | 32,104 | 64 | |||
* | Konya Cimento Sanayii A/S | 200 | 63 | |||
Bera Holding A/S | 92,664 | 60 | ||||
Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A/S | 21,992 | 60 | ||||
Cimsa Cimento Sanayi ve Ticaret A/S | 52,675 | 59 | ||||
* | Turkiye Vakiflar Bankasi TAO | 124,344 | 57 | |||
Aygaz A/S | 11,072 | 54 |
Shares | Market Value• ($000) | |||||
Dogan Sirketler Grubu Holding A/S | 124,692 | 54 | ||||
Kartonsan Karton Sanayi ve Ticaret A/S | 13,747 | 52 | ||||
* | Baticim Bati Anadolu Cimento Sanayii A/S | 13,816 | 50 | |||
* | Is Gayrimenkul Yatirim Ortakligi A/S | 87,038 | 48 | |||
Akcansa Cimento A/S | 8,930 | 45 | ||||
* | Aksigorta A/S | 224,652 | 44 | |||
* | Koza Anadolu Metal Madencilik Isletmeleri A/S | 27,051 | 44 | |||
Yatas Yatak ve Yorgan Sanayi ve Ticaret A/S | 43,687 | 43 | ||||
* | Turkiye Halk Bankasi A/S | 93,985 | 43 | |||
EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A/S | 24,671 | 42 | ||||
* | Turkiye Sinai Kalkinma Bankasi A/S | 159,385 | 42 | |||
* | Tat Gida Sanayi A/S | 31,539 | 36 | |||
* | Vestel Elektronik Sanayi ve Ticaret A/S | 13,419 | 36 | |||
Tekfen Holding A/S | 22,841 | 34 | ||||
Bursa Cimento Fabrikasi A/S | 119,826 | 32 | ||||
Brisa Bridgestone Sabanci Sanayi ve Ticaret A/S | 7,642 | 31 | ||||
Kordsa Teknik Tekstil A/S | 9,659 | 30 | ||||
* | Is Finansal Kiralama A/S | 76,041 | 28 | |||
Kardemir Karabuk Demir Celik Sanayi ve Ticaret A/S Class A | 31,509 | 23 | ||||
Ziraat Gayrimenkul Yatirim Ortakligi A/S | 102,610 | 23 | ||||
* | Penta Teknoloji Urunleri Dagitim Ticaret A/S | 34,291 | 23 | |||
* | Biotrend Cevre ve Enerji Yatirimlari A/S | 34,211 | 22 | |||
* | Tukas Gida Sanayi ve Ticaret A/S | 74,622 | 21 | |||
Sekerbank Turk A/S | 132,147 | 20 | ||||
* | Iskenderun Demir ve Celik A/S | 15,458 | 20 | |||
Kervan Gida Sanayi ve Ticaret A/S Class B | 22,329 | 20 | ||||
Galata Wind Enerji A/S | 22,317 | 20 | ||||
* | Imas Makina Sanayi A/S | 36,497 | 19 | |||
* | AKIS Gayrimenkul Yatirimi A/S | 33,071 | 18 | |||
* | Albaraka Turk Katilim Bankasi A/S | 119,176 | 16 | |||
Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A/S | 21,642 | 16 |
Shares | Market Value• ($000) | |||||
Polisan Holding A/S | 33,442 | 15 | ||||
* | Kizilbuk Gayrimenkul Yatirim Ortakligi A/S | 19,623 | 15 | |||
* | Sinpas Gayrimenkul Yatirim Ortakligi A/S | 113,550 | 15 | |||
LDR Turizm A/S | 6,552 | 14 | ||||
* | Qua Granite Hayal | 98,722 | 14 | |||
* | Vakif Gayrimenkul Yatirim Ortakligi A/S | 146,319 | 10 | |||
Bagfas Bandirma Gubre Fabrikalari A/S | 10,206 | 10 | ||||
* | Kerevitas Gida Sanayi ve Ticaret A/S | 22,306 | 9 | |||
Suwen Tekstil Sanayi Pazarlama A/S | 8,963 | 6 | ||||
10,060 | ||||||
United Arab Emirates (0.5%) | ||||||
Emirates Telecommunications Group Co. PJSC | 585,390 | 2,886 | ||||
First Abu Dhabi Bank PJSC | 734,259 | 2,728 | ||||
Emaar Properties PJSC | 1,109,533 | 2,454 | ||||
Emirates NBD Bank PJSC | 288,012 | 1,434 | ||||
Abu Dhabi Commercial Bank PJSC | 468,102 | 1,093 | ||||
* | Alpha Dhabi Holding PJSC | 222,668 | 977 | |||
Dubai Islamic Bank PJSC | 517,545 | 908 | ||||
Dubai Electricity & Water Authority PJSC | 1,318,091 | 865 | ||||
Aldar Properties PJSC | 563,840 | 849 | ||||
Abu Dhabi Islamic Bank PJSC | 259,408 | 794 | ||||
* | Multiply Group PJSC | 762,387 | 471 | |||
Air Arabia PJSC | 494,789 | 386 | ||||
Emaar Development PJSC | 128,179 | 276 | ||||
* | National Marine Dredging Co. | 32,870 | 252 | |||
Dubai Investments PJSC | 352,810 | 225 | ||||
* | Abu Dhabi Ports Co. PJSC | 121,980 | 192 | |||
Sharjah Islamic Bank | 286,561 | 172 | ||||
* | RAK Properties PJSC | 394,776 | 143 | |||
Dubai Financial Market PJSC | 301,364 | 108 | ||||
GFH Financial Group BSC | 390,935 | 100 | ||||
AL Yah Satellite Communications Co-PJSC-Yah Sat | 149,892 | 92 | ||||
Aramex PJSC | 127,687 | 84 |
Shares | Market Value• ($000) | |||||
* | Apex Investment Co. PSC | 81,121 | 42 | |||
*,3 | Arabtec Holding PJSC | 101,139 | 15 | |||
17,546 | ||||||
United Kingdom (7.6%) | ||||||
AstraZeneca plc | 245,011 | 30,885 | ||||
Unilever plc | 414,792 | 20,256 | ||||
GSK plc | 667,223 | 13,957 | ||||
RELX plc | 314,639 | 13,782 | ||||
CRH plc | 117,391 | 9,778 | ||||
London Stock Exchange Group plc | 74,739 | 8,394 | ||||
Compass Group plc | 284,205 | 7,798 | ||||
Reckitt Benckiser Group plc | 118,687 | 7,499 | ||||
Ferguson plc | 34,604 | 7,217 | ||||
Experian plc | 152,575 | 6,534 | ||||
Lloyds Banking Group plc | 10,579,176 | 6,255 | ||||
Ashtead Group plc | 72,874 | 5,241 | ||||
Barclays plc | 2,504,906 | 5,235 | ||||
3i Group plc | 158,512 | 4,952 | ||||
Prudential plc | 458,794 | 4,520 | ||||
Tesco plc | 1,182,035 | 4,169 | ||||
Haleon plc | 962,076 | 4,036 | ||||
Vodafone Group plc | 3,650,805 | 3,207 | ||||
Standard Chartered plc | 367,343 | 3,106 | ||||
Legal & General Group plc | 994,902 | 3,050 | ||||
InterContinental Hotels Group plc | 27,727 | 2,944 | ||||
NatWest Group plc | 914,761 | 2,766 | ||||
Sage Group plc | 171,826 | 2,707 | ||||
Aviva plc | 462,961 | 2,615 | ||||
Informa plc | 235,382 | 2,413 | ||||
Segro plc | 225,100 | 2,408 | ||||
Rentokil Initial plc | 424,124 | 2,361 | ||||
Bunzl plc | 57,887 | 2,307 | ||||
Next plc | 20,610 | 2,167 | ||||
Smith & Nephew plc | 147,438 | 1,945 | ||||
Smurfit Kappa Group plc | 44,146 | 1,890 | ||||
Halma plc | 64,598 | 1,881 | ||||
Admiral Group plc | 50,034 | 1,688 | ||||
WPP plc | 177,551 | 1,588 | ||||
Associated British Foods plc | 55,111 | 1,586 | ||||
Pearson plc | 119,858 | 1,457 | ||||
Croda International plc | 23,991 | 1,446 | ||||
2 | Auto Trader Group plc | 153,498 | 1,437 | |||
Severn Trent plc | 45,247 | 1,428 | ||||
* | Wise plc Class A | 122,090 | 1,418 | |||
BT Group plc | 1,056,226 | 1,394 | ||||
United Utilities Group plc | 106,072 | 1,373 | ||||
Antofagasta plc | 59,086 | 1,358 | ||||
Mondi plc | 75,869 | 1,349 |
Shares | Market Value• ($000) | |||||
Whitbread plc | 31,455 | 1,314 | ||||
DCC plc | 17,143 | 1,218 | ||||
Intermediate Capital Group plc | 48,449 | 1,181 | ||||
M&G plc | 383,985 | 1,092 | ||||
Berkeley Group Holdings plc | 18,495 | 1,087 | ||||
Taylor Wimpey plc | 610,074 | 1,063 | ||||
B&M European Value Retail SA | 155,169 | 1,032 | ||||
Coca-Cola HBC AG | 33,070 | 1,031 | ||||
Rightmove plc | 140,040 | 1,005 | ||||
Barratt Developments plc | 169,767 | 1,002 | ||||
Marks & Spencer Group plc | 333,028 | 998 | ||||
Kingfisher plc | 334,189 | 991 | ||||
Burberry Group plc | 60,841 | 988 | ||||
Howden Joinery Group plc | 93,908 | 984 | ||||
Land Securities Group plc | 123,727 | 969 | ||||
Beazley plc | 117,018 | 966 | ||||
Diploma plc | 21,779 | 954 | ||||
J Sainsbury plc | 301,480 | 952 | ||||
Persimmon plc | 54,416 | 938 | ||||
DS Smith plc | 229,976 | 937 | ||||
Spectris plc | 18,457 | 816 | ||||
2 | ConvaTec Group plc | 256,113 | 797 | |||
UNITE Group plc | 65,314 | 793 | ||||
Phoenix Group Holdings plc | 124,557 | 784 | ||||
Vistry Group plc | 57,565 | 766 | ||||
Bellway plc | 21,934 | 748 | ||||
British Land Co. plc | 169,153 | 744 | ||||
Hiscox Ltd. | 50,553 | 724 | ||||
RS Group plc | 74,521 | 711 | ||||
Hikma Pharmaceuticals plc | 28,624 | 710 | ||||
Investec plc | 108,539 | 679 | ||||
Games Workshop Group plc | 5,696 | 677 | ||||
Schroders plc | 133,544 | 666 | ||||
abrdn plc | 330,802 | 659 | ||||
Greggs plc | 19,198 | 655 | ||||
* | Ocado Group plc | 100,919 | 654 | |||
Man Group plc | 207,200 | 636 | ||||
Johnson Matthey plc | 32,453 | 633 | ||||
JD Sports Fashion plc | 420,025 | 628 | ||||
Hargreaves Lansdown plc | 67,129 | 619 | ||||
St. James's Place plc | 94,783 | 604 | ||||
* | Direct Line Insurance Group plc | 233,351 | 596 | |||
Tate & Lyle plc | 78,046 | 593 | ||||
Britvic plc | 53,737 | 577 | ||||
* | TUI AG | 76,885 | 537 |
Shares | Market Value• ($000) | |||||
Endeavour Mining plc | 32,387 | 523 | ||||
Derwent London plc | 21,120 | 514 | ||||
Inchcape plc | 56,465 | 487 | ||||
IG Group Holdings plc | 52,945 | 467 | ||||
ITV plc | 653,015 | 462 | ||||
LondonMetric Property plc | 180,251 | 412 | ||||
Softcat plc | 21,172 | 394 | ||||
Pennon Group plc | 47,237 | 394 | ||||
Cranswick plc | 8,063 | 393 | ||||
Bank of Georgia Group plc | 6,597 | 392 | ||||
easyJet plc | 55,847 | 385 | ||||
WH Smith plc | 24,399 | 382 | ||||
*,2 | Network International Holdings plc | 78,478 | 380 | |||
* | International Distributions Services plc | 121,415 | 371 | |||
Grainger plc | 117,143 | 369 | ||||
Computacenter plc | 9,981 | 367 | ||||
Virgin Money UK plc | 181,120 | 356 | ||||
Paragon Banking Group plc | 42,275 | 343 | ||||
Big Yellow Group plc | 26,845 | 341 | ||||
Shaftesbury Capital plc | 214,573 | 336 | ||||
Grafton Group plc | 27,125 | 335 | ||||
OSB Group plc | 62,537 | 330 | ||||
* | International Consolidated Airlines Group SA | 172,976 | 323 | |||
Mitie Group plc | 238,464 | 322 | ||||
Assura plc | 607,561 | 319 | ||||
* | Carnival plc | 22,340 | 318 | |||
4imprint Group plc | 4,362 | 315 | ||||
Safestore Holdings plc | 32,209 | 312 | ||||
Redrow plc | 38,445 | 310 | ||||
* | Darktrace plc | 68,095 | 309 | |||
TBC Bank Group plc | 8,117 | 303 | ||||
*,2 | Trainline plc | 76,696 | 300 | |||
TP ICAP Group plc | 128,646 | 291 | ||||
Lancashire Holdings Ltd. | 35,171 | 289 | ||||
Genus plc | 12,598 | 285 | ||||
Travis Perkins plc | 30,137 | 282 | ||||
Domino's Pizza Group plc | 65,609 | 280 | ||||
*,2 | Deliveroo plc Class A | 200,087 | 278 | |||
Plus500 Ltd. | 12,851 | 276 | ||||
2 | Quilter plc | 202,843 | 248 | |||
* | IWG plc | 105,123 | 247 | |||
* | Frasers Group plc | 23,752 | 243 | |||
Hays plc | 200,363 | 239 | ||||
Dunelm Group plc | 16,399 | 239 | ||||
Pets at Home Group plc | 68,312 | 238 | ||||
2 | JTC plc | 24,001 | 236 | |||
Pagegroup plc | 41,055 | 235 |
Shares | Market Value• ($000) | |||||
* | Ascential plc | 61,681 | 233 | |||
Dowlais Group plc | 201,434 | 232 | ||||
Moneysupermarket.com Group plc | 73,832 | 228 | ||||
2 | Airtel Africa plc | 185,125 | 222 | |||
Centamin plc | 192,034 | 219 | ||||
Firstgroup plc | 109,698 | 218 | ||||
Victrex plc | 13,350 | 208 | ||||
Savills plc | 17,373 | 203 | ||||
Sirius Real Estate Ltd. | 180,711 | 198 | ||||
Coats Group plc | 226,470 | 195 | ||||
Bytes Technology Group plc | 27,429 | 194 | ||||
Telecom Plus plc | 10,374 | 192 | ||||
Rathbones Group plc | 9,511 | 187 | ||||
Kainos Group plc | 13,262 | 186 | ||||
Supermarket Income REIT plc | 194,176 | 186 | ||||
Hammerson plc | 574,845 | 185 | ||||
*,2 | Watches of Switzerland Group plc | 36,006 | 184 | |||
Primary Health Properties plc | 160,838 | 182 | ||||
Ashmore Group plc | 69,207 | 181 | ||||
* | Oxford Nanopore Technologies plc | 107,185 | 180 | |||
AJ Bell plc | 46,276 | 178 | ||||
RHI Magnesita NV | 3,748 | 175 | ||||
Genuit Group plc | 33,160 | 169 | ||||
* | Elementis plc | 86,398 | 154 | |||
Just Group plc | 144,144 | 153 | ||||
Fresnillo plc | 26,432 | 152 | ||||
Future plc | 18,921 | 146 | ||||
IntegraFin Holdings plc | 41,916 | 145 | ||||
Clarkson plc | 3,174 | 144 | ||||
Vesuvius plc | 22,465 | 137 | ||||
Volution Group plc | 26,478 | 136 | ||||
Premier Foods plc | 75,666 | 132 | ||||
Workspace Group plc | 20,840 | 129 | ||||
* | THG plc Class B | 159,991 | 127 | |||
Close Brothers Group plc | 28,390 | 125 | ||||
Redde Northgate plc | 27,801 | 121 | ||||
2 | Bridgepoint Group plc | 36,608 | 120 | |||
Marshalls plc | 31,469 | 119 | ||||
* | Currys plc | 141,319 | 118 | |||
Great Portland Estates plc | 25,718 | 118 | ||||
Spirent Communications plc | 85,580 | 114 | ||||
*,2 | Trustpilot Group plc | 46,538 | 113 | |||
Keller Group plc | 9,983 | 109 | ||||
* | Helios Towers plc | 109,266 | 104 | |||
Dr. Martens plc | 85,408 | 103 | ||||
* | Moonpig Group plc | 48,020 | 102 | |||
*,2 | Aston Martin Lagonda Global Holdings plc | 45,706 | 100 |
Shares | Market Value• ($000) | |||||
* | Auction Technology Group plc | 13,116 | 100 | |||
2 | Spire Healthcare Group plc | 34,587 | 98 | |||
Hilton Food Group plc | 9,416 | 95 | ||||
* | Alphawave IP Group plc | 43,172 | 94 | |||
Crest Nicholson Holdings plc | 33,944 | 91 | ||||
* | PureTech Health plc | 35,771 | 89 | |||
Ninety One plc | 41,158 | 85 | ||||
* | Greencore Group plc | 64,694 | 84 | |||
* | AO World plc | 69,490 | 82 | |||
2 | Ibstock plc | 39,118 | 80 | |||
2 | TI Fluid Systems plc | 39,793 | 77 | |||
2 | Petershill Partners plc | 35,316 | 77 | |||
IP Group plc | 125,356 | 76 | ||||
* | Molten Ventures plc | 21,588 | 73 | |||
Liontrust Asset Management plc | 8,465 | 69 | ||||
Mobico Group plc | 66,519 | 66 | ||||
Picton Property Income Ltd. | 81,152 | 65 | ||||
* | Hochschild Mining plc | 48,922 | 57 | |||
Wickes Group plc | 27,870 | 56 | ||||
NCC Group plc | 34,647 | 55 | ||||
*,1 | ASOS plc | 11,038 | 53 | |||
PZ Cussons plc | 40,812 | 52 | ||||
Jupiter Fund Management plc | 50,026 | 51 | ||||
Halfords Group plc | 26,302 | 50 | ||||
Vanquis Banking Group plc | 30,705 | 47 | ||||
FDM Group Holdings plc | 9,307 | 47 | ||||
* | Ferrexpo plc | 48,315 | 44 | |||
* | S4 Capital plc | 85,658 | 43 | |||
* | Synthomer plc | 19,964 | 37 | |||
XP Power Ltd. | 2,569 | 34 | ||||
* | SIG plc | 84,986 | 33 | |||
AG Barr plc | 4,580 | 30 | ||||
CLS Holdings plc | 23,736 | 27 | ||||
* | Oxford Biomedica plc | 12,600 | 27 | |||
2 | Bakkavor Group plc | 21,342 | 26 | |||
Helical plc | 10,512 | 25 | ||||
2 | CMC Markets plc | 9,033 | 19 | |||
*,3 | NMC Health plc | 4,208 | — | |||
279,045 | ||||||
Total Common Stocks (Cost $3,390,723) | 3,621,246 | |||||
Preferred Stocks (0.8%) | ||||||
Samsung Electronics Co. Ltd. Preference Shares | 135,579 | 6,492 | ||||
Itau Unibanco Holding SA Preference Shares | 761,578 | 5,200 |
Shares | Market Value• ($000) | |||||
Banco Bradesco SA Preference Shares | 826,406 | 2,286 | ||||
Itausa SA Preference Shares | 826,309 | 1,712 | ||||
Sartorius AG Preference Shares | 4,298 | 1,628 | ||||
Henkel AG & Co. KGaA Preference Shares | 19,646 | 1,478 | ||||
Bayerische Motoren Werke AG Preference Shares | 9,444 | 1,035 | ||||
Hyundai Motor Co. Preference Shares | 7,869 | 944 | ||||
Sociedad Quimica y Minera de Chile SA Preference Shares Class B | 16,720 | 829 | ||||
Gerdau SA Preference Shares | 171,150 | 740 | ||||
Bancolombia SA Preference Shares | 56,362 | 461 | ||||
Hyundai Motor Co. Preference Shares (XARX) | 3,394 | 411 | ||||
LG Chem Ltd. Preference Shares | 1,807 | 408 | ||||
Cia Energetica de Minas Gerais Preference Shares | 153,586 | 370 | ||||
FUCHS SE Preference Shares | 7,652 | 326 | ||||
Sixt SE Preference Shares | 3,840 | 259 | ||||
* | Samsung Fire & Marine Insurance Co. Ltd. Preference Shares | 1,490 | 254 | |||
LG Electronics Inc. Preference Shares | 6,781 | 224 | ||||
Marcopolo SA Preference Shares | 116,000 | 205 | ||||
Metalurgica Gerdau SA Preference Shares | 91,100 | 185 | ||||
Bradespar SA Preference Shares | 35,309 | 151 | ||||
Raizen SA Preference Shares | 179,700 | 128 | ||||
Amorepacific Corp. Preference Shares | 4,447 | 124 | ||||
Usinas Siderurgicas de Minas Gerais SA Usiminas Preference Shares Class A | 53,400 | 119 | ||||
* | Azul SA Preference Shares | 49,063 | 119 | |||
CTEEP-Cia de Transmissao de Energia Eletrica Paulista Preference Shares | 22,100 | 115 |
Shares | Market Value• ($000) | |||||
Unipar Carbocloro SA Preference Shares Class B | 8,521 | 113 | ||||
Samsung SDI Co. Ltd. Preference Shares | 621 | 107 | ||||
Corem Property Group AB Preference Shares | 4,568 | 100 | ||||
* | Gol Linhas Aereas Inteligentes SA Preference Shares | 186,579 | 95 | |||
Banco Pan SA Preference Shares | 53,100 | 94 | ||||
Grupo Aval Acciones y Valores SA Preference Shares | 638,547 | 78 | ||||
Cia de Ferro Ligas da Bahia FERBASA Preference Shares | 40,400 | 78 | ||||
* | Alpargatas SA Preference Shares | 36,500 | 75 | |||
Randon SA Implementos e Participacoes Preference Shares | 27,400 | 61 | ||||
LG H&H Co. Ltd. Preference Shares | 474 | 55 | ||||
Banco do Estado do Rio Grande do Sul SA Preference Shares Class B | 15,200 | 47 | ||||
* | Daishin Securities Co. Ltd. Preference Shares | 3,701 | 42 | |||
Draegerwerk AG & Co. KGaA Preference Shares | 497 | 26 | ||||
CJ CheilJedang Corp. Preference Shares | 25 | 3 | ||||
*,3 | Rosseti Lenenergo PJSC Preference Shares | 25,440 | — | |||
Total Preferred Stocks (Cost $26,794) | 27,177 | |||||
Rights (0.0%) | ||||||
*,3 | LG Display Co. Ltd. Exp. 3/7/24 | 11,646 | 17 | |||
* | South Indian Bank Ltd. Exp. 3/20/24 | 59,651 | 8 | |||
*,3 | Magazine Luiza SA Exp. 3/1/24 | 47,599 | 2 | |||
* | Foosung Co. Ltd. Exp. 4/11/24 | 1,262 | 1 |
Shares | Market Value• ($000) | |||||
*,3 | L&K Engineering Co. Ltd. Exp. 6/3/24 | 744 | — | |||
*,3 | TaiMed Biologics Inc. Exp. 3/22/24 | 1,960 | — | |||
Total Rights (Cost $—) | 28 | |||||
Warrants (0.0%) | ||||||
*,3 | Webuild SpA Exp. 8/2/30 | 3,597 | 4 | |||
* | VGI PCL Exp. 5/23/27 | 88,419 | — | |||
* | Paradigm Biopharmaceuticals Ltd. Exp. 11/30/24 | 2,961 | — | |||
Total Warrants (Cost $—) | 4 | |||||
Temporary Cash Investments (0.6%) | ||||||
Money Market Fund (0.6%) | ||||||
4,5 | Vanguard Market Liquidity Fund, 5.400% (Cost $23,363) | 233,687 | 23,366 | |||
Total Investments (100.3%) (Cost $3,440,880) | 3,671,821 | |||||
Other Assets and Liabilities—Net (-0.3%) | (9,343) | |||||
Net Assets (100%) | 3,662,478 |
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 $6,971,000. |
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 29, 2024, the aggregate value was $101,845,000, representing 2.8% of net assets. |
3 | Security value determined using significant unobservable inputs. |
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 $17,023,000 was received for securities on loan, of which $17,020,000 is held in Vanguard Market Liquidity Fund and $3,000 is held in cash. |
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 | ||||
MSCI EAFE Index | March 2024 | 85 | 9,724 | 355 |
MSCI Emerging Market Index | March 2024 | 84 | 4,270 | 69 |
424 |
Forward Currency Contracts | |||||||
Contract Settlement Date | Contract Amount (000) | Unrealized Appreciation ($000) | Unrealized (Depreciation) ($000) | ||||
Counterparty | Receive | Deliver | |||||
Goldman Sachs International | 3/20/24 | INR | 352,268 | USD | 4,213 | 34 | — |
JPMorgan Chase Bank, N.A. | 3/20/24 | INR | 64,187 | USD | 767 | 6 | — |
BNP Paribas | 3/21/24 | JPY | 235,941 | USD | 1,667 | — | (89) |
Toronto-Dominion Bank | 3/20/24 | USD | 384 | AUD | 583 | 5 | — |
Toronto-Dominion Bank | 3/20/24 | USD | 3,943 | CHF | 3,418 | 71 | — |
UBS AG | 3/20/24 | USD | 1,581 | EUR | 1,454 | 9 | — |
UBS AG | 3/20/24 | USD | 1,370 | GBP | 1,091 | — | (7) |
BNP Paribas | 3/20/24 | USD | 952 | HKD | 7,422 | 3 | — |
UBS AG | 3/21/24 | USD | 1,916 | JPY | 274,594 | 80 | — |
BNP Paribas | 3/20/24 | USD | 818 | KRW | 1,069,562 | 14 | — |
Toronto-Dominion Bank | 3/20/24 | USD | 940 | SGD | 1,256 | 5 | — |
BNP Paribas | 3/20/24 | USD | 102 | TWD | 3,177 | 1 | — |
228 | (96) |
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 $3,417,517) | 3,648,455 |
Affiliated Issuers (Cost $23,363) | 23,366 |
Total Investments in Securities | 3,671,821 |
Investment in Vanguard | 111 |
Cash | 3 |
Foreign Currency, at Value (Cost $3,718) | 3,693 |
Cash Collateral Pledged—Futures Contracts | 430 |
Receivables for Investment Securities Sold | 8,091 |
Receivables for Accrued Income | 10,713 |
Variation Margin Receivable—Futures Contracts | 22 |
Unrealized Appreciation—Forward Currency Contracts | 228 |
Total Assets | 3,695,112 |
Liabilities | |
Due to Custodian | 8,089 |
Payables for Investment Securities Purchased | 291 |
Collateral for Securities on Loan | 17,023 |
Payables to Vanguard | 252 |
Unrealized Depreciation—Forward Currency Contracts | 96 |
Deferred Foreign Capital Gains Taxes | 6,883 |
Total Liabilities | 32,634 |
Net Assets | 3,662,478 |
1 Includes $6,971,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 3,616,777 |
Total Distributable Earnings (Loss) | 45,701 |
Net Assets | 3,662,478 |
Net Assets | |
Applicable to 65,400,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 3,662,478 |
Net Asset Value Per Share | $56.00 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 27,542 |
Interest2 | 167 |
Securities Lending—Net | 403 |
Total Income | 28,112 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 117 |
Management and Administrative | 1,574 |
Marketing and Distribution | 62 |
Custodian Fees | 192 |
Shareholders’ Reports | 36 |
Trustees’ Fees and Expenses | 1 |
Other Expenses | 67 |
Total Expenses | 2,049 |
Net Investment Income | 26,063 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | (18,482) |
Futures Contracts | (15) |
Forward Currency Contracts | 119 |
Foreign Currencies | 129 |
Realized Net Gain (Loss) | (18,249) |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2,4 | 260,573 |
Futures Contracts | 944 |
Forward Currency Contracts | 20 |
Foreign Currencies | (154) |
Change in Unrealized Appreciation (Depreciation) | 261,383 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 269,197 |
1 | Dividends are net of foreign withholding taxes of $2,630,000. |
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 $153,000, ($3,000), less than $1,000, and ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Realized Gain (Loss) is net of foreign capital gains taxes of $96,000. |
4 | The change in unrealized appreciation (depreciation) is net of the change in deferred foreign capital gains taxes of $2,943,000. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 26,063 | 86,680 | |
Realized Net Gain (Loss) | (18,249) | (70,886) | |
Change in Unrealized Appreciation (Depreciation) | 261,383 | 325,250 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 269,197 | 341,044 | |
Distributions | |||
Total Distributions | (50,579) | (80,304) | |
Capital Share Transactions | |||
Issued | 54,162 | 265,085 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | — | — | |
Net Increase (Decrease) from Capital Share Transactions | 54,162 | 265,085 | |
Total Increase (Decrease) | 272,780 | 525,825 | |
Net Assets | |||
Beginning of Period | 3,389,698 | 2,863,873 | |
End of Period | 3,662,478 | 3,389,698 |
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | September 18, 20181 to August 31, 2019 | |||
2023 | 2022 | 2021 | 2020 | |||
Net Asset Value, Beginning of Period | $52.64 | $48.46 | $64.34 | $52.38 | $48.09 | $50.00 |
Investment Operations | ||||||
Net Investment Income2 | .403 | 1.385 | 1.632 | 1.295 | 1.192 | 1.529 |
Net Realized and Unrealized Gain (Loss) on Investments | 3.739 | 4.073 | (15.837) | 11.907 | 4.138 | (2.714) |
Total from Investment Operations | 4.142 | 5.458 | (14.205) | 13.202 | 5.330 | (1.185) |
Distributions | ||||||
Dividends from Net Investment Income | (.782) | (1.278) | (1.675) | (1.242) | (1.040) | (.725) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.782) | (1.278) | (1.675) | (1.242) | (1.040) | (.725) |
Net Asset Value, End of Period | $56.00 | $52.64 | $48.46 | $64.34 | $52.38 | $48.09 |
Total Return | 7.95% | 11.36% | -22.38% | 25.45% | 11.23% | -2.36% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $3,662 | $3,390 | $2,864 | $2,561 | $1,205 | $418 |
Ratio of Total Expenses to Average Net Assets | 0.12% | 0.12% | 0.12% | 0.12% | 0.15% | 0.17%3,4 |
Ratio of Net Investment Income to Average Net Assets | 1.53% | 2.72% | 2.89% | 2.14% | 2.45% | 3.30%3 |
Portfolio Turnover Rate5 | 2% | 9% | 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 | 324,215 | 3,296,629 | 402 | 3,621,246 |
Preferred Stocks | 12,432 | 14,745 | — | 27,177 |
Rights | — | 9 | 19 | 28 |
Warrants | — | — | 4 | 4 |
Temporary Cash Investments | 23,366 | — | — | 23,366 |
Total | 360,013 | 3,311,383 | 425 | 3,671,821 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 424 | — | — | 424 |
Forward Currency Contracts | — | 228 | — | 228 |
Total | 424 | 228 | — | 652 |
Liabilities | ||||
Forward Currency Contracts | — | 96 | — | 96 |
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 | 424 | — | 424 |
Unrealized Appreciation—Forward Currency Contracts | — | 228 | 228 |
Total Assets | 424 | 228 | 652 |
Unrealized Depreciation—Forward Currency Contracts | — | 96 | 96 |
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 | (15) | — | (15) |
Forward Currency Contracts | — | 119 | 119 |
Realized Net Gain (Loss) on Derivatives | (15) | 119 | 104 |
Change in Unrealized Appreciation (Depreciation) on Derivatives | |||
Futures Contracts | 944 | — | 944 |
Forward Currency Contracts | — | 20 | 20 |
Change in Unrealized Appreciation (Depreciation) on Derivatives | 944 | 20 | 964 |
Amount ($000) | |
Tax Cost | 3,457,717 |
Gross Unrealized Appreciation | 712,077 |
Gross Unrealized Depreciation | (497,417) |
Net Unrealized Appreciation (Depreciation) | 214,660 |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
Shares (000) | Shares (000) | ||
Issued | 1,000 | 5,300 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | — | — | |
Net Increase (Decrease) in Shares Outstanding | 1,000 | 5,300 |
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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 29, 2024 | |||
ESG U.S. Corporate Bond ETF | Beginning Account Value 8/31/2023 | Ending Account Value 2/29/2024 | Expenses Paid During Period |
Based on Actual Fund Return | $1,000.00 | $1,036.90 | $0.61 |
Based on Hypothetical 5% Yearly Return | 1,000.00 | 1,024.27 | 0.60 |
Corporate Bonds – Communications | 12.6% |
Corporate Bonds – Consumer Discretionary | 7.6 |
Corporate Bonds – Consumer Staples | 3.9 |
Corporate Bonds – Financials | 43.6 |
Corporate Bonds – Health Care | 15.7 |
Corporate Bonds – Industrials | 2.0 |
Corporate Bonds – Materials | 1.1 |
Corporate Bonds – Real Estate | 1.8 |
Corporate Bonds – Technology | 11.6 |
Corporate Bonds – Utilities | 0.1 |
U.S. Government and Agency Obligations | 0.0 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (0.0%) | ||||||
U.S. Government Securities (0.0%) | ||||||
United States Treasury Note/Bond | 4.250% | 1/31/26 | 180 | 178 | ||
United States Treasury Note/Bond | 4.000% | 2/15/34 | 15 | 15 | ||
Total U.S. Government and Agency Obligations (Cost $193) | 193 | |||||
Corporate Bonds (98.5%) | ||||||
Communications (12.4%) | ||||||
Alphabet Inc. | 0.450% | 8/15/25 | 175 | 165 | ||
Alphabet Inc. | 1.998% | 8/15/26 | 265 | 249 | ||
Alphabet Inc. | 0.800% | 8/15/27 | 185 | 163 | ||
Alphabet Inc. | 1.100% | 8/15/30 | 245 | 198 | ||
Alphabet Inc. | 1.900% | 8/15/40 | 165 | 109 | ||
Alphabet Inc. | 2.050% | 8/15/50 | 286 | 169 | ||
Alphabet Inc. | 2.250% | 8/15/60 | 210 | 121 | ||
America Movil SAB de CV | 3.625% | 4/22/29 | 210 | 195 | ||
America Movil SAB de CV | 2.875% | 5/7/30 | 195 | 171 | ||
America Movil SAB de CV | 4.700% | 7/21/32 | 140 | 134 | ||
America Movil SAB de CV | 6.375% | 3/1/35 | 75 | 81 | ||
America Movil SAB de CV | 6.125% | 3/30/40 | 205 | 215 | ||
America Movil SAB de CV | 4.375% | 7/16/42 | 210 | 182 | ||
America Movil SAB de CV | 4.375% | 4/22/49 | 225 | 193 | ||
AT&T Inc. | 5.539% | 2/20/26 | 180 | 180 | ||
AT&T Inc. | 1.700% | 3/25/26 | 380 | 353 | ||
AT&T Inc. | 3.800% | 2/15/27 | 190 | 183 | ||
AT&T Inc. | 4.250% | 3/1/27 | 255 | 249 | ||
AT&T Inc. | 2.300% | 6/1/27 | 355 | 325 | ||
AT&T Inc. | 1.650% | 2/1/28 | 336 | 296 | ||
1 | AT&T Inc. | 4.100% | 2/15/28 | 320 | 309 | |
AT&T Inc. | 4.350% | 3/1/29 | 405 | 391 | ||
1 | AT&T Inc. | 4.300% | 2/15/30 | 475 | 453 | |
AT&T Inc. | 2.750% | 6/1/31 | 360 | 307 | ||
AT&T Inc. | 2.250% | 2/1/32 | 340 | 273 | ||
AT&T Inc. | 2.550% | 12/1/33 | 485 | 382 | ||
AT&T Inc. | 5.400% | 2/15/34 | 360 | 360 | ||
AT&T Inc. | 4.500% | 5/15/35 | 375 | 345 | ||
AT&T Inc. | 5.250% | 3/1/37 | 85 | 83 | ||
AT&T Inc. | 4.850% | 3/1/39 | 134 | 123 | ||
AT&T Inc. | 3.500% | 6/1/41 | 370 | 284 | ||
AT&T Inc. | 4.300% | 12/15/42 | 165 | 139 | ||
AT&T Inc. | 4.350% | 6/15/45 | 155 | 130 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
AT&T Inc. | 4.750% | 5/15/46 | 285 | 250 | ||
AT&T Inc. | 5.650% | 2/15/47 | 130 | 130 | ||
AT&T Inc. | 4.500% | 3/9/48 | 220 | 184 | ||
AT&T Inc. | 4.550% | 3/9/49 | 150 | 126 | ||
AT&T Inc. | 3.650% | 6/1/51 | 400 | 286 | ||
AT&T Inc. | 3.300% | 2/1/52 | 130 | 88 | ||
AT&T Inc. | 3.500% | 9/15/53 | 1,040 | 715 | ||
AT&T Inc. | 3.550% | 9/15/55 | 1,030 | 702 | ||
AT&T Inc. | 3.800% | 12/1/57 | 867 | 612 | ||
AT&T Inc. | 3.650% | 9/15/59 | 860 | 583 | ||
AT&T Inc. | 3.850% | 6/1/60 | 225 | 159 | ||
Bell Telephone Co. of Canada or Bell Canada | 5.100% | 5/11/33 | 190 | 188 | ||
Bell Telephone Co. of Canada or Bell Canada | 4.464% | 4/1/48 | 145 | 123 | ||
Bell Telephone Co. of Canada or Bell Canada | 3.650% | 8/15/52 | 100 | 74 | ||
Booking Holdings Inc. | 3.600% | 6/1/26 | 200 | 194 | ||
Booking Holdings Inc. | 4.625% | 4/13/30 | 210 | 206 | ||
British Telecommunications plc | 9.625% | 12/15/30 | 345 | 422 | ||
Charter Communications Operating LLC | 4.908% | 7/23/25 | 580 | 572 | ||
Charter Communications Operating LLC | 6.150% | 11/10/26 | 180 | 182 | ||
Charter Communications Operating LLC | 3.750% | 2/15/28 | 105 | 97 | ||
Charter Communications Operating LLC | 4.200% | 3/15/28 | 185 | 173 | ||
Charter Communications Operating LLC | 2.250% | 1/15/29 | 235 | 198 | ||
Charter Communications Operating LLC | 5.050% | 3/30/29 | 210 | 201 | ||
Charter Communications Operating LLC | 2.800% | 4/1/31 | 296 | 239 | ||
Charter Communications Operating LLC | 2.300% | 2/1/32 | 135 | 103 | ||
Charter Communications Operating LLC | 4.400% | 4/1/33 | 165 | 144 | ||
Charter Communications Operating LLC | 6.650% | 2/1/34 | 115 | 115 | ||
Charter Communications Operating LLC | 6.384% | 10/23/35 | 235 | 227 | ||
Charter Communications Operating LLC | 5.375% | 4/1/38 | 105 | 90 | ||
Charter Communications Operating LLC | 3.500% | 6/1/41 | 235 | 156 | ||
Charter Communications Operating LLC | 3.500% | 3/1/42 | 270 | 176 | ||
Charter Communications Operating LLC | 6.484% | 10/23/45 | 410 | 374 | ||
Charter Communications Operating LLC | 5.375% | 5/1/47 | 310 | 244 | ||
Charter Communications Operating LLC | 5.750% | 4/1/48 | 348 | 289 | ||
Charter Communications Operating LLC | 5.125% | 7/1/49 | 160 | 121 | ||
Charter Communications Operating LLC | 4.800% | 3/1/50 | 370 | 267 | ||
Charter Communications Operating LLC | 3.700% | 4/1/51 | 260 | 157 | ||
Charter Communications Operating LLC | 3.900% | 6/1/52 | 295 | 185 | ||
Charter Communications Operating LLC | 5.250% | 4/1/53 | 190 | 147 | ||
Charter Communications Operating LLC | 3.850% | 4/1/61 | 290 | 168 | ||
Charter Communications Operating LLC | 4.400% | 12/1/61 | 180 | 116 | ||
Charter Communications Operating LLC | 3.950% | 6/30/62 | 255 | 150 | ||
Charter Communications Operating LLC | 5.500% | 4/1/63 | 125 | 96 | ||
Comcast Corp. | 3.375% | 8/15/25 | 220 | 215 | ||
Comcast Corp. | 3.950% | 10/15/25 | 360 | 354 | ||
Comcast Corp. | 5.250% | 11/7/25 | 130 | 131 | ||
Comcast Corp. | 3.150% | 3/1/26 | 290 | 280 | ||
Comcast Corp. | 2.350% | 1/15/27 | 220 | 205 | ||
Comcast Corp. | 3.300% | 2/1/27 | 215 | 206 | ||
Comcast Corp. | 5.350% | 11/15/27 | 40 | 41 | ||
Comcast Corp. | 3.150% | 2/15/28 | 195 | 183 | ||
Comcast Corp. | 3.550% | 5/1/28 | 195 | 185 | ||
Comcast Corp. | 4.150% | 10/15/28 | 595 | 578 | ||
Comcast Corp. | 4.550% | 1/15/29 | 110 | 108 | ||
Comcast Corp. | 2.650% | 2/1/30 | 275 | 242 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Comcast Corp. | 3.400% | 4/1/30 | 190 | 174 | ||
Comcast Corp. | 4.250% | 10/15/30 | 175 | 167 | ||
Comcast Corp. | 1.950% | 1/15/31 | 200 | 164 | ||
Comcast Corp. | 1.500% | 2/15/31 | 185 | 147 | ||
Comcast Corp. | 5.500% | 11/15/32 | 70 | 72 | ||
Comcast Corp. | 4.250% | 1/15/33 | 265 | 248 | ||
Comcast Corp. | 4.650% | 2/15/33 | 120 | 117 | ||
Comcast Corp. | 7.050% | 3/15/33 | 135 | 152 | ||
Comcast Corp. | 4.800% | 5/15/33 | 130 | 127 | ||
Comcast Corp. | 4.200% | 8/15/34 | 50 | 46 | ||
Comcast Corp. | 5.650% | 6/15/35 | 160 | 164 | ||
Comcast Corp. | 4.400% | 8/15/35 | 135 | 125 | ||
Comcast Corp. | 3.200% | 7/15/36 | 135 | 109 | ||
Comcast Corp. | 3.900% | 3/1/38 | 245 | 210 | ||
Comcast Corp. | 4.600% | 10/15/38 | 70 | 64 | ||
Comcast Corp. | 3.250% | 11/1/39 | 185 | 142 | ||
Comcast Corp. | 3.750% | 4/1/40 | 225 | 184 | ||
Comcast Corp. | 4.600% | 8/15/45 | 100 | 88 | ||
Comcast Corp. | 3.400% | 7/15/46 | 185 | 136 | ||
Comcast Corp. | 4.000% | 8/15/47 | 95 | 76 | ||
Comcast Corp. | 3.969% | 11/1/47 | 240 | 190 | ||
Comcast Corp. | 4.000% | 3/1/48 | 160 | 127 | ||
Comcast Corp. | 4.700% | 10/15/48 | 258 | 233 | ||
Comcast Corp. | 3.999% | 11/1/49 | 300 | 237 | ||
Comcast Corp. | 3.450% | 2/1/50 | 250 | 180 | ||
Comcast Corp. | 2.800% | 1/15/51 | 277 | 173 | ||
Comcast Corp. | 2.887% | 11/1/51 | 579 | 367 | ||
Comcast Corp. | 2.450% | 8/15/52 | 315 | 181 | ||
Comcast Corp. | 4.049% | 11/1/52 | 135 | 106 | ||
Comcast Corp. | 5.350% | 5/15/53 | 250 | 244 | ||
Comcast Corp. | 2.937% | 11/1/56 | 722 | 445 | ||
Comcast Corp. | 4.950% | 10/15/58 | 215 | 199 | ||
Comcast Corp. | 2.650% | 8/15/62 | 185 | 103 | ||
Comcast Corp. | 2.987% | 11/1/63 | 493 | 295 | ||
Comcast Corp. | 5.500% | 5/15/64 | 220 | 216 | ||
Deutsche Telekom International Finance BV | 8.750% | 6/15/30 | 440 | 519 | ||
Discovery Communications LLC | 3.950% | 3/20/28 | 285 | 266 | ||
Discovery Communications LLC | 4.125% | 5/15/29 | 140 | 129 | ||
Discovery Communications LLC | 3.625% | 5/15/30 | 225 | 198 | ||
Discovery Communications LLC | 5.200% | 9/20/47 | 140 | 114 | ||
Discovery Communications LLC | 5.300% | 5/15/49 | 195 | 159 | ||
Discovery Communications LLC | 4.650% | 5/15/50 | 215 | 163 | ||
Discovery Communications LLC | 4.000% | 9/15/55 | 210 | 139 | ||
Electronic Arts Inc. | 1.850% | 2/15/31 | 90 | 73 | ||
Electronic Arts Inc. | 2.950% | 2/15/51 | 95 | 63 | ||
Expedia Group Inc. | 3.800% | 2/15/28 | 160 | 151 | ||
Expedia Group Inc. | 3.250% | 2/15/30 | 185 | 165 | ||
Fox Corp. | 4.709% | 1/25/29 | 305 | 298 | ||
Fox Corp. | 6.500% | 10/13/33 | 181 | 190 | ||
Fox Corp. | 5.476% | 1/25/39 | 215 | 201 | ||
Fox Corp. | 5.576% | 1/25/49 | 193 | 177 | ||
Grupo Televisa SAB | 5.000% | 5/13/45 | 30 | 25 | ||
Grupo Televisa SAB | 6.125% | 1/31/46 | 160 | 156 | ||
Meta Platforms Inc. | 3.500% | 8/15/27 | 347 | 333 | ||
Meta Platforms Inc. | 4.600% | 5/15/28 | 180 | 179 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Meta Platforms Inc. | 4.800% | 5/15/30 | 215 | 215 | ||
Meta Platforms Inc. | 3.850% | 8/15/32 | 540 | 500 | ||
Meta Platforms Inc. | 4.950% | 5/15/33 | 225 | 225 | ||
Meta Platforms Inc. | 4.450% | 8/15/52 | 330 | 288 | ||
Meta Platforms Inc. | 5.600% | 5/15/53 | 330 | 342 | ||
Meta Platforms Inc. | 4.650% | 8/15/62 | 180 | 159 | ||
Meta Platforms Inc. | 5.750% | 5/15/63 | 250 | 262 | ||
Netflix Inc. | 4.375% | 11/15/26 | 150 | 148 | ||
Netflix Inc. | 4.875% | 4/15/28 | 180 | 180 | ||
Netflix Inc. | 5.875% | 11/15/28 | 275 | 285 | ||
Netflix Inc. | 6.375% | 5/15/29 | 85 | 90 | ||
Omnicom Group Inc. | 3.600% | 4/15/26 | 140 | 136 | ||
Omnicom Group Inc. | 2.600% | 8/1/31 | 135 | 113 | ||
Orange SA | 9.000% | 3/1/31 | 344 | 416 | ||
Orange SA | 5.375% | 1/13/42 | 115 | 113 | ||
Orange SA | 5.500% | 2/6/44 | 105 | 105 | ||
Paramount Global | 7.875% | 7/30/30 | 200 | 204 | ||
Paramount Global | 4.950% | 1/15/31 | 240 | 210 | ||
Paramount Global | 4.200% | 5/19/32 | 155 | 126 | ||
Paramount Global | 6.875% | 4/30/36 | 145 | 133 | ||
Paramount Global | 4.375% | 3/15/43 | 135 | 90 | ||
Paramount Global | 5.850% | 9/1/43 | 125 | 101 | ||
Paramount Global | 4.950% | 5/19/50 | 150 | 107 | ||
Rogers Communications Inc. | 2.950% | 3/15/25 | 50 | 49 | ||
Rogers Communications Inc. | 3.200% | 3/15/27 | 135 | 127 | ||
Rogers Communications Inc. | 3.800% | 3/15/32 | 335 | 298 | ||
Rogers Communications Inc. | 5.000% | 3/15/44 | 95 | 86 | ||
Rogers Communications Inc. | 4.300% | 2/15/48 | 135 | 108 | ||
Rogers Communications Inc. | 4.350% | 5/1/49 | 120 | 96 | ||
Rogers Communications Inc. | 3.700% | 11/15/49 | 105 | 75 | ||
Rogers Communications Inc. | 4.550% | 3/15/52 | 290 | 239 | ||
Sprint Capital Corp. | 6.875% | 11/15/28 | 315 | 336 | ||
Sprint Capital Corp. | 8.750% | 3/15/32 | 295 | 356 | ||
Sprint LLC | 7.625% | 3/1/26 | 210 | 217 | ||
Telefonica Emisiones SA | 4.103% | 3/8/27 | 275 | 266 | ||
Telefonica Emisiones SA | 7.045% | 6/20/36 | 225 | 248 | ||
Telefonica Emisiones SA | 5.213% | 3/8/47 | 350 | 315 | ||
Telefonica Emisiones SA | 4.895% | 3/6/48 | 115 | 99 | ||
Telefonica Emisiones SA | 5.520% | 3/1/49 | 205 | 191 | ||
Telefonica Europe BV | 8.250% | 9/15/30 | 180 | 204 | ||
TELUS Corp. | 3.400% | 5/13/32 | 170 | 148 | ||
TELUS Corp. | 4.600% | 11/16/48 | 35 | 30 | ||
Time Warner Cable Enterprises LLC | 8.375% | 7/15/33 | 185 | 205 | ||
Time Warner Cable LLC | 6.550% | 5/1/37 | 240 | 225 | ||
Time Warner Cable LLC | 7.300% | 7/1/38 | 165 | 164 | ||
Time Warner Cable LLC | 6.750% | 6/15/39 | 175 | 165 | ||
Time Warner Cable LLC | 5.875% | 11/15/40 | 190 | 163 | ||
Time Warner Cable LLC | 5.500% | 9/1/41 | 175 | 144 | ||
Time Warner Cable LLC | 4.500% | 9/15/42 | 200 | 146 | ||
T-Mobile USA Inc. | 3.500% | 4/15/25 | 590 | 577 | ||
T-Mobile USA Inc. | 1.500% | 2/15/26 | 220 | 205 | ||
T-Mobile USA Inc. | 2.250% | 2/15/26 | 256 | 241 | ||
T-Mobile USA Inc. | 2.625% | 4/15/26 | 115 | 109 | ||
T-Mobile USA Inc. | 3.750% | 4/15/27 | 525 | 503 | ||
T-Mobile USA Inc. | 4.750% | 2/1/28 | 160 | 157 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
T-Mobile USA Inc. | 2.050% | 2/15/28 | 220 | 196 | ||
T-Mobile USA Inc. | 4.950% | 3/15/28 | 100 | 99 | ||
T-Mobile USA Inc. | 4.800% | 7/15/28 | 160 | 158 | ||
T-Mobile USA Inc. | 2.625% | 2/15/29 | 60 | 53 | ||
T-Mobile USA Inc. | 3.375% | 4/15/29 | 310 | 285 | ||
T-Mobile USA Inc. | 3.875% | 4/15/30 | 880 | 817 | ||
T-Mobile USA Inc. | 2.550% | 2/15/31 | 325 | 274 | ||
T-Mobile USA Inc. | 2.875% | 2/15/31 | 180 | 155 | ||
T-Mobile USA Inc. | 3.500% | 4/15/31 | 385 | 345 | ||
T-Mobile USA Inc. | 2.250% | 11/15/31 | 200 | 162 | ||
T-Mobile USA Inc. | 2.700% | 3/15/32 | 140 | 116 | ||
T-Mobile USA Inc. | 5.200% | 1/15/33 | 140 | 139 | ||
T-Mobile USA Inc. | 5.050% | 7/15/33 | 355 | 347 | ||
T-Mobile USA Inc. | 5.750% | 1/15/34 | 170 | 175 | ||
T-Mobile USA Inc. | 5.150% | 4/15/34 | 50 | 49 | ||
T-Mobile USA Inc. | 4.375% | 4/15/40 | 245 | 215 | ||
T-Mobile USA Inc. | 3.000% | 2/15/41 | 325 | 235 | ||
T-Mobile USA Inc. | 4.500% | 4/15/50 | 425 | 359 | ||
T-Mobile USA Inc. | 3.300% | 2/15/51 | 490 | 337 | ||
T-Mobile USA Inc. | 3.400% | 10/15/52 | 280 | 194 | ||
T-Mobile USA Inc. | 5.650% | 1/15/53 | 285 | 283 | ||
T-Mobile USA Inc. | 5.750% | 1/15/54 | 140 | 142 | ||
T-Mobile USA Inc. | 6.000% | 6/15/54 | 145 | 152 | ||
T-Mobile USA Inc. | 5.500% | 1/15/55 | 170 | 166 | ||
T-Mobile USA Inc. | 3.600% | 11/15/60 | 250 | 172 | ||
T-Mobile USA Inc. | 5.800% | 9/15/62 | 190 | 192 | ||
1 | TWDC Enterprises 18 Corp. | 3.150% | 9/17/25 | 135 | 131 | |
TWDC Enterprises 18 Corp. | 3.000% | 2/13/26 | 109 | 105 | ||
1 | TWDC Enterprises 18 Corp. | 1.850% | 7/30/26 | 150 | 139 | |
1 | TWDC Enterprises 18 Corp. | 2.950% | 6/15/27 | 115 | 109 | |
1 | TWDC Enterprises 18 Corp. | 4.125% | 6/1/44 | 120 | 102 | |
VeriSign Inc. | 2.700% | 6/15/31 | 125 | 104 | ||
Verizon Communications Inc. | 0.850% | 11/20/25 | 260 | 241 | ||
Verizon Communications Inc. | 1.450% | 3/20/26 | 204 | 189 | ||
Verizon Communications Inc. | 2.625% | 8/15/26 | 270 | 255 | ||
Verizon Communications Inc. | 4.125% | 3/16/27 | 540 | 525 | ||
Verizon Communications Inc. | 3.000% | 3/22/27 | 90 | 85 | ||
Verizon Communications Inc. | 2.100% | 3/22/28 | 345 | 307 | ||
Verizon Communications Inc. | 4.329% | 9/21/28 | 530 | 515 | ||
Verizon Communications Inc. | 3.875% | 2/8/29 | 110 | 105 | ||
Verizon Communications Inc. | 4.016% | 12/3/29 | 570 | 541 | ||
Verizon Communications Inc. | 3.150% | 3/22/30 | 340 | 304 | ||
Verizon Communications Inc. | 1.500% | 9/18/30 | 130 | 104 | ||
Verizon Communications Inc. | 1.680% | 10/30/30 | 250 | 201 | ||
Verizon Communications Inc. | 1.750% | 1/20/31 | 285 | 229 | ||
Verizon Communications Inc. | 2.550% | 3/21/31 | 472 | 398 | ||
Verizon Communications Inc. | 2.355% | 3/15/32 | 542 | 439 | ||
Verizon Communications Inc. | 5.050% | 5/9/33 | 275 | 272 | ||
Verizon Communications Inc. | 4.500% | 8/10/33 | 270 | 254 | ||
Verizon Communications Inc. | 4.400% | 11/1/34 | 252 | 234 | ||
Verizon Communications Inc. | 4.272% | 1/15/36 | 100 | 91 | ||
Verizon Communications Inc. | 5.250% | 3/16/37 | 200 | 199 | ||
Verizon Communications Inc. | 4.812% | 3/15/39 | 170 | 159 | ||
Verizon Communications Inc. | 2.650% | 11/20/40 | 390 | 269 | ||
Verizon Communications Inc. | 3.400% | 3/22/41 | 555 | 425 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Verizon Communications Inc. | 2.850% | 9/3/41 | 135 | 95 | ||
Verizon Communications Inc. | 6.550% | 9/15/43 | 105 | 117 | ||
Verizon Communications Inc. | 4.125% | 8/15/46 | 125 | 102 | ||
Verizon Communications Inc. | 4.862% | 8/21/46 | 270 | 248 | ||
Verizon Communications Inc. | 4.522% | 9/15/48 | 175 | 153 | ||
Verizon Communications Inc. | 4.000% | 3/22/50 | 215 | 170 | ||
Verizon Communications Inc. | 2.875% | 11/20/50 | 285 | 182 | ||
Verizon Communications Inc. | 3.550% | 3/22/51 | 585 | 425 | ||
Verizon Communications Inc. | 3.875% | 3/1/52 | 160 | 123 | ||
Verizon Communications Inc. | 5.500% | 2/23/54 | 140 | 138 | ||
Verizon Communications Inc. | 5.012% | 8/21/54 | 115 | 107 | ||
Verizon Communications Inc. | 2.987% | 10/30/56 | 355 | 221 | ||
Verizon Communications Inc. | 3.000% | 11/20/60 | 320 | 194 | ||
Verizon Communications Inc. | 3.700% | 3/22/61 | 460 | 327 | ||
Vodafone Group plc | 4.125% | 5/30/25 | 300 | 295 | ||
Vodafone Group plc | 4.375% | 5/30/28 | 40 | 39 | ||
Vodafone Group plc | 6.150% | 2/27/37 | 190 | 198 | ||
Vodafone Group plc | 4.375% | 2/19/43 | 180 | 152 | ||
Vodafone Group plc | 5.250% | 5/30/48 | 140 | 130 | ||
Vodafone Group plc | 4.875% | 6/19/49 | 305 | 264 | ||
Vodafone Group plc | 4.250% | 9/17/50 | 220 | 173 | ||
Walt Disney Co. | 3.350% | 3/24/25 | 205 | 201 | ||
Walt Disney Co. | 1.750% | 1/13/26 | 207 | 195 | ||
Walt Disney Co. | 2.200% | 1/13/28 | 220 | 201 | ||
Walt Disney Co. | 2.000% | 9/1/29 | 290 | 250 | ||
Walt Disney Co. | 3.800% | 3/22/30 | 150 | 142 | ||
Walt Disney Co. | 2.650% | 1/13/31 | 290 | 252 | ||
Walt Disney Co. | 6.200% | 12/15/34 | 155 | 169 | ||
Walt Disney Co. | 6.400% | 12/15/35 | 135 | 148 | ||
Walt Disney Co. | 6.650% | 11/15/37 | 210 | 238 | ||
Walt Disney Co. | 4.625% | 3/23/40 | 145 | 136 | ||
Walt Disney Co. | 3.500% | 5/13/40 | 300 | 241 | ||
Walt Disney Co. | 2.750% | 9/1/49 | 300 | 194 | ||
Walt Disney Co. | 4.700% | 3/23/50 | 230 | 210 | ||
Walt Disney Co. | 3.600% | 1/13/51 | 370 | 281 | ||
Walt Disney Co. | 3.800% | 5/13/60 | 130 | 99 | ||
Warnermedia Holdings Inc. | 3.638% | 3/15/25 | 325 | 318 | ||
Warnermedia Holdings Inc. | 6.412% | 3/15/26 | 25 | 25 | ||
Warnermedia Holdings Inc. | 3.755% | 3/15/27 | 525 | 497 | ||
Warnermedia Holdings Inc. | 4.054% | 3/15/29 | 140 | 129 | ||
Warnermedia Holdings Inc. | 4.279% | 3/15/32 | 700 | 618 | ||
Warnermedia Holdings Inc. | 5.050% | 3/15/42 | 575 | 483 | ||
Warnermedia Holdings Inc. | 5.141% | 3/15/52 | 925 | 751 | ||
Warnermedia Holdings Inc. | 5.391% | 3/15/62 | 410 | 330 | ||
Weibo Corp. | 3.375% | 7/8/30 | 220 | 189 | ||
64,011 | ||||||
Consumer Discretionary (7.4%) | ||||||
Alibaba Group Holding Ltd. | 3.400% | 12/6/27 | 295 | 278 | ||
Alibaba Group Holding Ltd. | 2.125% | 2/9/31 | 195 | 161 | ||
Alibaba Group Holding Ltd. | 4.000% | 12/6/37 | 185 | 160 | ||
Alibaba Group Holding Ltd. | 2.700% | 2/9/41 | 210 | 145 | ||
Alibaba Group Holding Ltd. | 4.200% | 12/6/47 | 125 | 102 | ||
Alibaba Group Holding Ltd. | 3.150% | 2/9/51 | 225 | 149 | ||
Alibaba Group Holding Ltd. | 4.400% | 12/6/57 | 155 | 127 | ||
Alibaba Group Holding Ltd. | 3.250% | 2/9/61 | 70 | 44 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Amazon.com Inc. | 3.000% | 4/13/25 | 280 | 274 | ||
Amazon.com Inc. | 0.800% | 6/3/25 | 140 | 133 | ||
Amazon.com Inc. | 4.600% | 12/1/25 | 280 | 279 | ||
Amazon.com Inc. | 5.200% | 12/3/25 | 200 | 201 | ||
Amazon.com Inc. | 1.000% | 5/12/26 | 380 | 350 | ||
Amazon.com Inc. | 3.300% | 4/13/27 | 205 | 197 | ||
Amazon.com Inc. | 1.200% | 6/3/27 | 225 | 201 | ||
Amazon.com Inc. | 3.150% | 8/22/27 | 555 | 527 | ||
Amazon.com Inc. | 4.550% | 12/1/27 | 280 | 279 | ||
Amazon.com Inc. | 1.650% | 5/12/28 | 210 | 186 | ||
Amazon.com Inc. | 3.450% | 4/13/29 | 415 | 393 | ||
Amazon.com Inc. | 4.650% | 12/1/29 | 215 | 215 | ||
Amazon.com Inc. | 1.500% | 6/3/30 | 390 | 322 | ||
Amazon.com Inc. | 2.100% | 5/12/31 | 335 | 281 | ||
Amazon.com Inc. | 3.600% | 4/13/32 | 300 | 277 | ||
Amazon.com Inc. | 4.700% | 12/1/32 | 255 | 254 | ||
Amazon.com Inc. | 4.800% | 12/5/34 | 200 | 200 | ||
Amazon.com Inc. | 3.875% | 8/22/37 | 360 | 322 | ||
Amazon.com Inc. | 2.875% | 5/12/41 | 205 | 154 | ||
Amazon.com Inc. | 4.950% | 12/5/44 | 225 | 222 | ||
Amazon.com Inc. | 4.050% | 8/22/47 | 495 | 423 | ||
Amazon.com Inc. | 2.500% | 6/3/50 | 330 | 207 | ||
Amazon.com Inc. | 3.100% | 5/12/51 | 440 | 309 | ||
Amazon.com Inc. | 3.950% | 4/13/52 | 390 | 322 | ||
Amazon.com Inc. | 4.250% | 8/22/57 | 395 | 339 | ||
Amazon.com Inc. | 2.700% | 6/3/60 | 313 | 192 | ||
Amazon.com Inc. | 3.250% | 5/12/61 | 245 | 169 | ||
Amazon.com Inc. | 4.100% | 4/13/62 | 120 | 99 | ||
1 | American Honda Finance Corp. | 4.600% | 4/17/25 | 50 | 50 | |
1 | American Honda Finance Corp. | 1.200% | 7/8/25 | 160 | 152 | |
1 | American Honda Finance Corp. | 1.000% | 9/10/25 | 150 | 141 | |
1 | American Honda Finance Corp. | 5.800% | 10/3/25 | 45 | 45 | |
1 | American Honda Finance Corp. | 4.950% | 1/9/26 | 100 | 100 | |
1 | American Honda Finance Corp. | 5.250% | 7/7/26 | 85 | 86 | |
1 | American Honda Finance Corp. | 2.000% | 3/24/28 | 160 | 143 | |
1 | American Honda Finance Corp. | 5.125% | 7/7/28 | 85 | 86 | |
American Honda Finance Corp. | 5.650% | 11/15/28 | 100 | 103 | ||
1 | American Honda Finance Corp. | 4.900% | 1/10/34 | 100 | 98 | |
Aptiv plc | 3.250% | 3/1/32 | 130 | 112 | ||
Aptiv plc | 3.100% | 12/1/51 | 220 | 138 | ||
Aptiv plc | 4.150% | 5/1/52 | 100 | 76 | ||
AutoZone Inc. | 4.000% | 4/15/30 | 165 | 155 | ||
AutoZone Inc. | 4.750% | 8/1/32 | 145 | 139 | ||
BorgWarner Inc. | 2.650% | 7/1/27 | 105 | 97 | ||
eBay Inc. | 1.900% | 3/11/25 | 130 | 125 | ||
eBay Inc. | 1.400% | 5/10/26 | 135 | 125 | ||
eBay Inc. | 3.600% | 6/5/27 | 165 | 158 | ||
eBay Inc. | 2.700% | 3/11/30 | 115 | 101 | ||
eBay Inc. | 2.600% | 5/10/31 | 110 | 93 | ||
eBay Inc. | 4.000% | 7/15/42 | 97 | 77 | ||
eBay Inc. | 3.650% | 5/10/51 | 125 | 90 | ||
Ford Motor Co. | 4.346% | 12/8/26 | 50 | 49 | ||
Ford Motor Co. | 7.450% | 7/16/31 | 98 | 106 | ||
Ford Motor Co. | 3.250% | 2/12/32 | 310 | 255 | ||
Ford Motor Co. | 6.100% | 8/19/32 | 280 | 279 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Ford Motor Co. | 4.750% | 1/15/43 | 270 | 219 | ||
Ford Motor Co. | 5.291% | 12/8/46 | 195 | 169 | ||
Ford Motor Credit Co. LLC | 5.125% | 6/16/25 | 215 | 213 | ||
Ford Motor Credit Co. LLC | 4.134% | 8/4/25 | 225 | 220 | ||
Ford Motor Credit Co. LLC | 3.375% | 11/13/25 | 390 | 374 | ||
1 | Ford Motor Credit Co. LLC | 4.389% | 1/8/26 | 210 | 204 | |
Ford Motor Credit Co. LLC | 6.950% | 3/6/26 | 200 | 204 | ||
Ford Motor Credit Co. LLC | 6.950% | 6/10/26 | 200 | 204 | ||
Ford Motor Credit Co. LLC | 4.542% | 8/1/26 | 100 | 97 | ||
Ford Motor Credit Co. LLC | 2.700% | 8/10/26 | 210 | 195 | ||
Ford Motor Credit Co. LLC | 4.271% | 1/9/27 | 100 | 96 | ||
Ford Motor Credit Co. LLC | 4.950% | 5/28/27 | 245 | 238 | ||
Ford Motor Credit Co. LLC | 4.125% | 8/17/27 | 165 | 156 | ||
Ford Motor Credit Co. LLC | 3.815% | 11/2/27 | 100 | 93 | ||
Ford Motor Credit Co. LLC | 7.350% | 11/4/27 | 200 | 209 | ||
Ford Motor Credit Co. LLC | 2.900% | 2/16/28 | 160 | 143 | ||
Ford Motor Credit Co. LLC | 6.800% | 5/12/28 | 260 | 268 | ||
Ford Motor Credit Co. LLC | 6.798% | 11/7/28 | 200 | 207 | ||
Ford Motor Credit Co. LLC | 2.900% | 2/10/29 | 100 | 87 | ||
Ford Motor Credit Co. LLC | 5.113% | 5/3/29 | 210 | 202 | ||
Ford Motor Credit Co. LLC | 7.350% | 3/6/30 | 150 | 159 | ||
Ford Motor Credit Co. LLC | 7.200% | 6/10/30 | 150 | 158 | ||
Ford Motor Credit Co. LLC | 4.000% | 11/13/30 | 275 | 243 | ||
Ford Motor Credit Co. LLC | 6.050% | 3/5/31 | 90 | 90 | ||
Ford Motor Credit Co. LLC | 3.625% | 6/17/31 | 200 | 170 | ||
General Motors Co. | 6.125% | 10/1/25 | 245 | 247 | ||
General Motors Co. | 4.200% | 10/1/27 | 200 | 193 | ||
General Motors Co. | 6.800% | 10/1/27 | 215 | 225 | ||
General Motors Co. | 5.000% | 10/1/28 | 70 | 70 | ||
General Motors Co. | 5.400% | 10/15/29 | 135 | 135 | ||
General Motors Co. | 5.600% | 10/15/32 | 185 | 184 | ||
General Motors Co. | 5.000% | 4/1/35 | 95 | 89 | ||
General Motors Co. | 6.600% | 4/1/36 | 205 | 215 | ||
General Motors Co. | 5.150% | 4/1/38 | 100 | 93 | ||
General Motors Co. | 6.250% | 10/2/43 | 175 | 176 | ||
General Motors Co. | 5.200% | 4/1/45 | 155 | 137 | ||
General Motors Co. | 6.750% | 4/1/46 | 135 | 143 | ||
General Motors Co. | 5.400% | 4/1/48 | 85 | 76 | ||
General Motors Co. | 5.950% | 4/1/49 | 130 | 125 | ||
General Motors Financial Co. Inc. | 3.800% | 4/7/25 | 165 | 162 | ||
General Motors Financial Co. Inc. | 4.350% | 4/9/25 | 165 | 163 | ||
General Motors Financial Co. Inc. | 2.750% | 6/20/25 | 75 | 72 | ||
General Motors Financial Co. Inc. | 4.300% | 7/13/25 | 95 | 93 | ||
General Motors Financial Co. Inc. | 6.050% | 10/10/25 | 100 | 101 | ||
General Motors Financial Co. Inc. | 1.250% | 1/8/26 | 210 | 195 | ||
General Motors Financial Co. Inc. | 5.250% | 3/1/26 | 180 | 179 | ||
General Motors Financial Co. Inc. | 5.400% | 4/6/26 | 215 | 215 | ||
General Motors Financial Co. Inc. | 1.500% | 6/10/26 | 255 | 234 | ||
General Motors Financial Co. Inc. | 4.000% | 10/6/26 | 150 | 145 | ||
General Motors Financial Co. Inc. | 4.350% | 1/17/27 | 105 | 102 | ||
General Motors Financial Co. Inc. | 2.350% | 2/26/27 | 50 | 46 | ||
General Motors Financial Co. Inc. | 5.000% | 4/9/27 | 145 | 143 | ||
General Motors Financial Co. Inc. | 2.700% | 8/20/27 | 135 | 124 | ||
General Motors Financial Co. Inc. | 6.000% | 1/9/28 | 160 | 164 | ||
General Motors Financial Co. Inc. | 2.400% | 4/10/28 | 125 | 111 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
General Motors Financial Co. Inc. | 5.800% | 6/23/28 | 190 | 193 | ||
General Motors Financial Co. Inc. | 2.400% | 10/15/28 | 105 | 92 | ||
General Motors Financial Co. Inc. | 5.800% | 1/7/29 | 100 | 101 | ||
General Motors Financial Co. Inc. | 4.300% | 4/6/29 | 155 | 147 | ||
General Motors Financial Co. Inc. | 5.850% | 4/6/30 | 130 | 132 | ||
General Motors Financial Co. Inc. | 3.600% | 6/21/30 | 100 | 90 | ||
General Motors Financial Co. Inc. | 2.350% | 1/8/31 | 140 | 114 | ||
General Motors Financial Co. Inc. | 2.700% | 6/10/31 | 145 | 119 | ||
General Motors Financial Co. Inc. | 3.100% | 1/12/32 | 170 | 142 | ||
General Motors Financial Co. Inc. | 6.400% | 1/9/33 | 235 | 244 | ||
General Motors Financial Co. Inc. | 6.100% | 1/7/34 | 265 | 268 | ||
Hasbro Inc. | 3.900% | 11/19/29 | 225 | 206 | ||
Home Depot Inc. | 3.350% | 9/15/25 | 105 | 102 | ||
Home Depot Inc. | 4.000% | 9/15/25 | 115 | 113 | ||
Home Depot Inc. | 3.000% | 4/1/26 | 160 | 154 | ||
Home Depot Inc. | 2.125% | 9/15/26 | 40 | 37 | ||
Home Depot Inc. | 2.500% | 4/15/27 | 105 | 98 | ||
Home Depot Inc. | 2.875% | 4/15/27 | 130 | 123 | ||
Home Depot Inc. | 2.800% | 9/14/27 | 75 | 70 | ||
Home Depot Inc. | 1.500% | 9/15/28 | 65 | 57 | ||
Home Depot Inc. | 3.900% | 12/6/28 | 115 | 111 | ||
Home Depot Inc. | 4.900% | 4/15/29 | 35 | 35 | ||
Home Depot Inc. | 2.950% | 6/15/29 | 220 | 201 | ||
Home Depot Inc. | 2.700% | 4/15/30 | 180 | 159 | ||
Home Depot Inc. | 1.375% | 3/15/31 | 120 | 95 | ||
Home Depot Inc. | 1.875% | 9/15/31 | 240 | 194 | ||
Home Depot Inc. | 3.250% | 4/15/32 | 155 | 137 | ||
Home Depot Inc. | 4.500% | 9/15/32 | 170 | 166 | ||
Home Depot Inc. | 5.875% | 12/16/36 | 398 | 424 | ||
Home Depot Inc. | 3.300% | 4/15/40 | 251 | 197 | ||
Home Depot Inc. | 5.950% | 4/1/41 | 170 | 181 | ||
Home Depot Inc. | 4.200% | 4/1/43 | 80 | 69 | ||
Home Depot Inc. | 4.875% | 2/15/44 | 140 | 131 | ||
Home Depot Inc. | 4.400% | 3/15/45 | 105 | 92 | ||
Home Depot Inc. | 4.250% | 4/1/46 | 200 | 171 | ||
Home Depot Inc. | 3.900% | 6/15/47 | 200 | 161 | ||
Home Depot Inc. | 4.500% | 12/6/48 | 220 | 194 | ||
Home Depot Inc. | 3.125% | 12/15/49 | 120 | 84 | ||
Home Depot Inc. | 3.350% | 4/15/50 | 195 | 141 | ||
Home Depot Inc. | 2.375% | 3/15/51 | 190 | 112 | ||
Home Depot Inc. | 2.750% | 9/15/51 | 130 | 83 | ||
Home Depot Inc. | 3.625% | 4/15/52 | 270 | 204 | ||
Home Depot Inc. | 4.950% | 9/15/52 | 135 | 128 | ||
Home Depot Inc. | 3.500% | 9/15/56 | 180 | 132 | ||
Honda Motor Co. Ltd. | 2.271% | 3/10/25 | 130 | 126 | ||
Honda Motor Co. Ltd. | 2.534% | 3/10/27 | 110 | 103 | ||
Honda Motor Co. Ltd. | 2.967% | 3/10/32 | 105 | 92 | ||
Lennar Corp. | 4.750% | 11/29/27 | 100 | 98 | ||
Lowe's Cos. Inc. | 4.400% | 9/8/25 | 190 | 188 | ||
Lowe's Cos. Inc. | 3.375% | 9/15/25 | 135 | 131 | ||
Lowe's Cos. Inc. | 4.800% | 4/1/26 | 80 | 80 | ||
Lowe's Cos. Inc. | 2.500% | 4/15/26 | 170 | 161 | ||
Lowe's Cos. Inc. | 3.350% | 4/1/27 | 35 | 33 | ||
Lowe's Cos. Inc. | 3.100% | 5/3/27 | 265 | 250 | ||
Lowe's Cos. Inc. | 1.300% | 4/15/28 | 25 | 22 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Lowe's Cos. Inc. | 1.700% | 9/15/28 | 195 | 169 | ||
Lowe's Cos. Inc. | 3.650% | 4/5/29 | 201 | 190 | ||
Lowe's Cos. Inc. | 4.500% | 4/15/30 | 230 | 223 | ||
Lowe's Cos. Inc. | 1.700% | 10/15/30 | 120 | 97 | ||
Lowe's Cos. Inc. | 2.625% | 4/1/31 | 160 | 136 | ||
Lowe's Cos. Inc. | 3.750% | 4/1/32 | 190 | 172 | ||
Lowe's Cos. Inc. | 5.000% | 4/15/33 | 130 | 128 | ||
Lowe's Cos. Inc. | 5.150% | 7/1/33 | 170 | 169 | ||
Lowe's Cos. Inc. | 2.800% | 9/15/41 | 140 | 98 | ||
Lowe's Cos. Inc. | 3.700% | 4/15/46 | 170 | 128 | ||
Lowe's Cos. Inc. | 4.050% | 5/3/47 | 250 | 198 | ||
Lowe's Cos. Inc. | 3.000% | 10/15/50 | 230 | 148 | ||
Lowe's Cos. Inc. | 4.250% | 4/1/52 | 195 | 157 | ||
Lowe's Cos. Inc. | 5.625% | 4/15/53 | 200 | 199 | ||
Lowe's Cos. Inc. | 4.450% | 4/1/62 | 175 | 140 | ||
Lowe's Cos. Inc. | 5.800% | 9/15/62 | 200 | 200 | ||
Magna International Inc. | 2.450% | 6/15/30 | 95 | 82 | ||
1 | Marriott International Inc. | 3.125% | 6/15/26 | 105 | 100 | |
Marriott International Inc. | 5.000% | 10/15/27 | 100 | 100 | ||
Marriott International Inc. | 4.900% | 4/15/29 | 20 | 20 | ||
Marriott International Inc. | 4.875% | 5/15/29 | 50 | 49 | ||
1 | Marriott International Inc. | 4.625% | 6/15/30 | 170 | 165 | |
1 | Marriott International Inc. | 2.850% | 4/15/31 | 170 | 145 | |
1 | Marriott International Inc. | 3.500% | 10/15/32 | 145 | 126 | |
Marriott International Inc. | 5.300% | 5/15/34 | 100 | 98 | ||
1 | McDonald's Corp. | 3.300% | 7/1/25 | 138 | 135 | |
1 | McDonald's Corp. | 3.700% | 1/30/26 | 200 | 195 | |
1 | McDonald's Corp. | 3.500% | 3/1/27 | 85 | 82 | |
1 | McDonald's Corp. | 3.500% | 7/1/27 | 145 | 139 | |
1 | McDonald's Corp. | 3.800% | 4/1/28 | 165 | 158 | |
1 | McDonald's Corp. | 2.625% | 9/1/29 | 124 | 111 | |
1 | McDonald's Corp. | 2.125% | 3/1/30 | 60 | 51 | |
1 | McDonald's Corp. | 3.600% | 7/1/30 | 60 | 56 | |
1 | McDonald's Corp. | 4.600% | 9/9/32 | 35 | 34 | |
1 | McDonald's Corp. | 4.700% | 12/9/35 | 190 | 183 | |
1 | McDonald's Corp. | 6.300% | 10/15/37 | 175 | 191 | |
1 | McDonald's Corp. | 6.300% | 3/1/38 | 150 | 163 | |
1 | McDonald's Corp. | 4.875% | 12/9/45 | 195 | 179 | |
1 | McDonald's Corp. | 4.450% | 3/1/47 | 135 | 116 | |
1 | McDonald's Corp. | 4.450% | 9/1/48 | 122 | 105 | |
1 | McDonald's Corp. | 3.625% | 9/1/49 | 240 | 179 | |
1 | McDonald's Corp. | 4.200% | 4/1/50 | 100 | 82 | |
1 | McDonald's Corp. | 5.150% | 9/9/52 | 110 | 104 | |
McDonald's Corp. | 5.450% | 8/14/53 | 80 | 79 | ||
Mercedes-Benz Finance North America LLC | 8.500% | 1/18/31 | 230 | 279 | ||
NIKE Inc. | 2.400% | 3/27/25 | 90 | 88 | ||
NIKE Inc. | 2.375% | 11/1/26 | 190 | 179 | ||
NIKE Inc. | 2.750% | 3/27/27 | 194 | 183 | ||
NIKE Inc. | 2.850% | 3/27/30 | 165 | 148 | ||
NIKE Inc. | 3.250% | 3/27/40 | 110 | 88 | ||
NIKE Inc. | 3.875% | 11/1/45 | 175 | 145 | ||
NIKE Inc. | 3.375% | 3/27/50 | 233 | 177 | ||
NVR Inc. | 3.000% | 5/15/30 | 107 | 94 | ||
O'Reilly Automotive Inc. | 5.750% | 11/20/26 | 100 | 101 | ||
O'Reilly Automotive Inc. | 3.600% | 9/1/27 | 160 | 152 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
O'Reilly Automotive Inc. | 4.700% | 6/15/32 | 120 | 116 | ||
Ralph Lauren Corp. | 2.950% | 6/15/30 | 180 | 160 | ||
Stanley Black & Decker Inc. | 2.300% | 3/15/30 | 125 | 105 | ||
Stanley Black & Decker Inc. | 2.750% | 11/15/50 | 150 | 87 | ||
1 | Stanley Black & Decker Inc. | 4.000% | 3/15/60 | 115 | 102 | |
Starbucks Corp. | 3.800% | 8/15/25 | 170 | 167 | ||
Starbucks Corp. | 4.750% | 2/15/26 | 90 | 89 | ||
Starbucks Corp. | 4.000% | 11/15/28 | 130 | 126 | ||
Starbucks Corp. | 3.550% | 8/15/29 | 160 | 150 | ||
Starbucks Corp. | 2.250% | 3/12/30 | 95 | 81 | ||
Starbucks Corp. | 2.550% | 11/15/30 | 210 | 180 | ||
Starbucks Corp. | 3.000% | 2/14/32 | 100 | 87 | ||
Starbucks Corp. | 4.500% | 11/15/48 | 130 | 112 | ||
Starbucks Corp. | 4.450% | 8/15/49 | 125 | 107 | ||
Starbucks Corp. | 3.500% | 11/15/50 | 170 | 124 | ||
Tapestry Inc. | 7.000% | 11/27/26 | 75 | 77 | ||
Tapestry Inc. | 7.350% | 11/27/28 | 130 | 136 | ||
Tapestry Inc. | 7.700% | 11/27/30 | 130 | 138 | ||
Tapestry Inc. | 7.850% | 11/27/33 | 160 | 173 | ||
TJX Cos. Inc. | 2.250% | 9/15/26 | 165 | 155 | ||
Tractor Supply Co. | 5.250% | 5/15/33 | 85 | 85 | ||
VF Corp. | 2.400% | 4/23/25 | 200 | 192 | ||
VF Corp. | 2.950% | 4/23/30 | 85 | 70 | ||
38,367 | ||||||
Consumer Staples (3.8%) | ||||||
Bunge Ltd. Finance Corp. | 2.750% | 5/14/31 | 165 | 140 | ||
Campbell Soup Co. | 3.950% | 3/15/25 | 140 | 138 | ||
Campbell Soup Co. | 4.150% | 3/15/28 | 210 | 203 | ||
Coca-Cola Co. | 3.375% | 3/25/27 | 155 | 149 | ||
Coca-Cola Co. | 1.450% | 6/1/27 | 240 | 217 | ||
Coca-Cola Co. | 1.500% | 3/5/28 | 200 | 178 | ||
Coca-Cola Co. | 1.000% | 3/15/28 | 260 | 227 | ||
Coca-Cola Co. | 2.125% | 9/6/29 | 190 | 167 | ||
Coca-Cola Co. | 3.450% | 3/25/30 | 175 | 163 | ||
Coca-Cola Co. | 1.650% | 6/1/30 | 120 | 100 | ||
Coca-Cola Co. | 2.000% | 3/5/31 | 115 | 96 | ||
Coca-Cola Co. | 1.375% | 3/15/31 | 240 | 192 | ||
Coca-Cola Co. | 2.250% | 1/5/32 | 210 | 177 | ||
Coca-Cola Co. | 2.500% | 6/1/40 | 180 | 129 | ||
Coca-Cola Co. | 2.875% | 5/5/41 | 95 | 71 | ||
Coca-Cola Co. | 2.600% | 6/1/50 | 233 | 150 | ||
Coca-Cola Co. | 3.000% | 3/5/51 | 175 | 122 | ||
Coca-Cola Co. | 2.500% | 3/15/51 | 215 | 134 | ||
Coca-Cola Co. | 2.750% | 6/1/60 | 135 | 86 | ||
Conagra Brands Inc. | 4.600% | 11/1/25 | 200 | 197 | ||
Conagra Brands Inc. | 1.375% | 11/1/27 | 105 | 91 | ||
Conagra Brands Inc. | 4.850% | 11/1/28 | 190 | 187 | ||
Conagra Brands Inc. | 5.300% | 11/1/38 | 120 | 113 | ||
Conagra Brands Inc. | 5.400% | 11/1/48 | 130 | 120 | ||
Dollar General Corp. | 3.500% | 4/3/30 | 125 | 113 | ||
Dollar General Corp. | 5.450% | 7/5/33 | 85 | 84 | ||
Dollar Tree Inc. | 4.000% | 5/15/25 | 135 | 133 | ||
Dollar Tree Inc. | 4.200% | 5/15/28 | 140 | 135 | ||
Dollar Tree Inc. | 2.650% | 12/1/31 | 130 | 108 | ||
General Mills Inc. | 4.000% | 4/17/25 | 110 | 108 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
General Mills Inc. | 3.200% | 2/10/27 | 35 | 33 | ||
General Mills Inc. | 4.200% | 4/17/28 | 125 | 121 | ||
General Mills Inc. | 2.875% | 4/15/30 | 135 | 119 | ||
General Mills Inc. | 4.950% | 3/29/33 | 200 | 196 | ||
Haleon UK Capital plc | 3.125% | 3/24/25 | 200 | 195 | ||
Haleon US Capital LLC | 3.375% | 3/24/27 | 250 | 238 | ||
Haleon US Capital LLC | 3.375% | 3/24/29 | 155 | 143 | ||
Haleon US Capital LLC | 3.625% | 3/24/32 | 265 | 237 | ||
Haleon US Capital LLC | 4.000% | 3/24/52 | 85 | 68 | ||
Hormel Foods Corp. | 1.700% | 6/3/28 | 160 | 141 | ||
Hormel Foods Corp. | 1.800% | 6/11/30 | 130 | 108 | ||
J M Smucker Co. | 3.500% | 3/15/25 | 110 | 108 | ||
J M Smucker Co. | 5.900% | 11/15/28 | 35 | 36 | ||
J M Smucker Co. | 6.200% | 11/15/33 | 125 | 132 | ||
J M Smucker Co. | 6.500% | 11/15/43 | 95 | 101 | ||
J M Smucker Co. | 6.500% | 11/15/53 | 125 | 136 | ||
JBS USA LUX SA | 2.500% | 1/15/27 | 120 | 110 | ||
JBS USA LUX SA | 5.125% | 2/1/28 | 135 | 132 | ||
JBS USA LUX SA | 5.500% | 1/15/30 | 295 | 287 | ||
JBS USA LUX SA | 3.625% | 1/15/32 | 180 | 151 | ||
JBS USA LUX SA | 3.000% | 5/15/32 | 130 | 104 | ||
JBS USA LUX SA | 5.750% | 4/1/33 | 300 | 291 | ||
2 | JBS USA LUX SA | 6.750% | 3/15/34 | 265 | 273 | |
JBS USA LUX SA | 4.375% | 2/2/52 | 85 | 61 | ||
JBS USA LUX SA | 6.500% | 12/1/52 | 185 | 178 | ||
2 | JBS USA LUX SA | 7.250% | 11/15/53 | 120 | 126 | |
Kellanova | 3.250% | 4/1/26 | 140 | 135 | ||
Kenvue Inc. | 5.050% | 3/22/28 | 125 | 126 | ||
Kenvue Inc. | 5.000% | 3/22/30 | 35 | 35 | ||
Kenvue Inc. | 4.900% | 3/22/33 | 175 | 173 | ||
Kenvue Inc. | 5.100% | 3/22/43 | 95 | 93 | ||
Kenvue Inc. | 5.050% | 3/22/53 | 240 | 231 | ||
Kenvue Inc. | 5.200% | 3/22/63 | 95 | 92 | ||
Keurig Dr Pepper Inc. | 4.597% | 5/25/28 | 155 | 153 | ||
Keurig Dr Pepper Inc. | 3.950% | 4/15/29 | 90 | 86 | ||
Keurig Dr Pepper Inc. | 3.200% | 5/1/30 | 95 | 86 | ||
Keurig Dr Pepper Inc. | 4.050% | 4/15/32 | 120 | 111 | ||
Keurig Dr Pepper Inc. | 3.800% | 5/1/50 | 70 | 53 | ||
Keurig Dr Pepper Inc. | 4.500% | 4/15/52 | 205 | 174 | ||
Kimberly-Clark Corp. | 3.100% | 3/26/30 | 165 | 150 | ||
Kraft Heinz Foods Co. | 3.000% | 6/1/26 | 180 | 172 | ||
Kraft Heinz Foods Co. | 3.875% | 5/15/27 | 175 | 169 | ||
Kraft Heinz Foods Co. | 6.875% | 1/26/39 | 115 | 129 | ||
Kraft Heinz Foods Co. | 5.000% | 6/4/42 | 155 | 143 | ||
Kraft Heinz Foods Co. | 5.200% | 7/15/45 | 260 | 243 | ||
Kraft Heinz Foods Co. | 4.375% | 6/1/46 | 380 | 315 | ||
Kraft Heinz Foods Co. | 4.875% | 10/1/49 | 185 | 165 | ||
McCormick & Co. Inc. | 3.400% | 8/15/27 | 80 | 76 | ||
Mead Johnson Nutrition Co. | 4.125% | 11/15/25 | 209 | 205 | ||
Mondelez International Inc. | 1.500% | 5/4/25 | 150 | 143 | ||
Mondelez International Inc. | 2.625% | 3/17/27 | 50 | 47 | ||
Mondelez International Inc. | 2.750% | 4/13/30 | 32 | 28 | ||
Mondelez International Inc. | 3.000% | 3/17/32 | 115 | 99 | ||
Mondelez International Inc. | 2.625% | 9/4/50 | 140 | 87 | ||
PepsiCo Inc. | 2.250% | 3/19/25 | 170 | 165 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
PepsiCo Inc. | 2.750% | 4/30/25 | 150 | 146 | ||
PepsiCo Inc. | 2.850% | 2/24/26 | 75 | 72 | ||
PepsiCo Inc. | 2.375% | 10/6/26 | 80 | 75 | ||
PepsiCo Inc. | 3.000% | 10/15/27 | 200 | 189 | ||
PepsiCo Inc. | 3.600% | 2/18/28 | 140 | 135 | ||
PepsiCo Inc. | 2.625% | 7/29/29 | 155 | 140 | ||
PepsiCo Inc. | 2.750% | 3/19/30 | 150 | 134 | ||
PepsiCo Inc. | 1.625% | 5/1/30 | 140 | 116 | ||
PepsiCo Inc. | 1.400% | 2/25/31 | 165 | 132 | ||
PepsiCo Inc. | 1.950% | 10/21/31 | 175 | 143 | ||
PepsiCo Inc. | 3.900% | 7/18/32 | 130 | 122 | ||
PepsiCo Inc. | 4.450% | 2/15/33 | 130 | 129 | ||
PepsiCo Inc. | 2.625% | 10/21/41 | 160 | 115 | ||
PepsiCo Inc. | 4.450% | 4/14/46 | 130 | 118 | ||
PepsiCo Inc. | 3.450% | 10/6/46 | 115 | 89 | ||
PepsiCo Inc. | 2.875% | 10/15/49 | 150 | 103 | ||
PepsiCo Inc. | 3.625% | 3/19/50 | 120 | 95 | ||
PepsiCo Inc. | 2.750% | 10/21/51 | 170 | 112 | ||
Pilgrim's Pride Corp. | 4.250% | 4/15/31 | 220 | 197 | ||
Pilgrim's Pride Corp. | 3.500% | 3/1/32 | 170 | 142 | ||
Pilgrim's Pride Corp. | 6.250% | 7/1/33 | 50 | 51 | ||
Procter & Gamble Co. | 0.550% | 10/29/25 | 300 | 280 | ||
Procter & Gamble Co. | 1.000% | 4/23/26 | 100 | 93 | ||
Procter & Gamble Co. | 2.450% | 11/3/26 | 90 | 85 | ||
Procter & Gamble Co. | 1.900% | 2/1/27 | 90 | 83 | ||
Procter & Gamble Co. | 2.850% | 8/11/27 | 145 | 137 | ||
Procter & Gamble Co. | 3.000% | 3/25/30 | 220 | 201 | ||
Procter & Gamble Co. | 1.200% | 10/29/30 | 205 | 165 | ||
Procter & Gamble Co. | 1.950% | 4/23/31 | 170 | 143 | ||
Procter & Gamble Co. | 2.300% | 2/1/32 | 60 | 51 | ||
Procter & Gamble Co. | 4.050% | 1/26/33 | 145 | 140 | ||
Sysco Corp. | 3.750% | 10/1/25 | 35 | 34 | ||
Sysco Corp. | 3.300% | 7/15/26 | 105 | 101 | ||
Sysco Corp. | 3.250% | 7/15/27 | 165 | 155 | ||
Sysco Corp. | 5.950% | 4/1/30 | 192 | 200 | ||
Sysco Corp. | 6.600% | 4/1/50 | 200 | 226 | ||
Sysco Corp. | 3.150% | 12/14/51 | 45 | 30 | ||
Target Corp. | 2.250% | 4/15/25 | 295 | 286 | ||
Target Corp. | 2.500% | 4/15/26 | 85 | 81 | ||
Target Corp. | 1.950% | 1/15/27 | 140 | 129 | ||
Target Corp. | 3.375% | 4/15/29 | 240 | 225 | ||
Target Corp. | 2.350% | 2/15/30 | 150 | 131 | ||
Target Corp. | 4.500% | 9/15/32 | 75 | 73 | ||
Target Corp. | 4.000% | 7/1/42 | 205 | 176 | ||
Target Corp. | 2.950% | 1/15/52 | 135 | 90 | ||
Target Corp. | 4.800% | 1/15/53 | 180 | 166 | ||
Tyson Foods Inc. | 4.000% | 3/1/26 | 160 | 156 | ||
Tyson Foods Inc. | 3.550% | 6/2/27 | 280 | 265 | ||
Tyson Foods Inc. | 4.350% | 3/1/29 | 125 | 120 | ||
Tyson Foods Inc. | 4.550% | 6/2/47 | 130 | 105 | ||
Tyson Foods Inc. | 5.100% | 9/28/48 | 145 | 128 | ||
Unilever Capital Corp. | 2.900% | 5/5/27 | 145 | 137 | ||
Unilever Capital Corp. | 3.500% | 3/22/28 | 205 | 196 | ||
Unilever Capital Corp. | 2.125% | 9/6/29 | 80 | 70 | ||
Unilever Capital Corp. | 1.750% | 8/12/31 | 90 | 72 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Unilever Capital Corp. | 5.900% | 11/15/32 | 165 | 176 | ||
Unilever Capital Corp. | 5.000% | 12/8/33 | 110 | 110 | ||
19,508 | ||||||
Financials (43.0%) | ||||||
1 | Aegon Ltd. | 5.500% | 4/11/48 | 185 | 177 | |
AerCap Ireland Capital DAC | 6.500% | 7/15/25 | 210 | 212 | ||
AerCap Ireland Capital DAC | 1.750% | 1/30/26 | 120 | 112 | ||
AerCap Ireland Capital DAC | 2.450% | 10/29/26 | 380 | 351 | ||
AerCap Ireland Capital DAC | 6.100% | 1/15/27 | 150 | 152 | ||
2 | AerCap Ireland Capital DAC | 6.450% | 4/15/27 | 205 | 210 | |
AerCap Ireland Capital DAC | 3.650% | 7/21/27 | 235 | 221 | ||
AerCap Ireland Capital DAC | 5.750% | 6/6/28 | 213 | 215 | ||
AerCap Ireland Capital DAC | 3.000% | 10/29/28 | 460 | 413 | ||
AerCap Ireland Capital DAC | 6.150% | 9/30/30 | 145 | 150 | ||
AerCap Ireland Capital DAC | 3.300% | 1/30/32 | 525 | 444 | ||
AerCap Ireland Capital DAC | 3.400% | 10/29/33 | 190 | 158 | ||
AerCap Ireland Capital DAC | 3.850% | 10/29/41 | 245 | 189 | ||
Aflac Inc. | 3.600% | 4/1/30 | 115 | 107 | ||
Air Lease Corp. | 3.375% | 7/1/25 | 140 | 136 | ||
1 | Air Lease Corp. | 2.875% | 1/15/26 | 265 | 253 | |
1 | Air Lease Corp. | 3.750% | 6/1/26 | 95 | 92 | |
Air Lease Corp. | 1.875% | 8/15/26 | 115 | 106 | ||
Air Lease Corp. | 2.200% | 1/15/27 | 265 | 243 | ||
Air Lease Corp. | 3.125% | 12/1/30 | 110 | 95 | ||
1 | Air Lease Corp. | 2.875% | 1/15/32 | 25 | 21 | |
Allstate Corp. | 5.250% | 3/30/33 | 215 | 214 | ||
Ally Financial Inc. | 5.800% | 5/1/25 | 90 | 90 | ||
Ally Financial Inc. | 4.750% | 6/9/27 | 75 | 73 | ||
Ally Financial Inc. | 7.100% | 11/15/27 | 30 | 31 | ||
Ally Financial Inc. | 2.200% | 11/2/28 | 125 | 106 | ||
Ally Financial Inc. | 6.992% | 6/13/29 | 140 | 144 | ||
Ally Financial Inc. | 6.848% | 1/3/30 | 45 | 46 | ||
1 | Ally Financial Inc. | 8.000% | 11/1/31 | 333 | 366 | |
American Express Co. | 2.250% | 3/4/25 | 220 | 213 | ||
American Express Co. | 3.950% | 8/1/25 | 280 | 275 | ||
American Express Co. | 4.200% | 11/6/25 | 105 | 104 | ||
American Express Co. | 4.900% | 2/13/26 | 135 | 135 | ||
American Express Co. | 4.990% | 5/1/26 | 125 | 124 | ||
American Express Co. | 3.125% | 5/20/26 | 220 | 211 | ||
American Express Co. | 6.338% | 10/30/26 | 95 | 96 | ||
American Express Co. | 1.650% | 11/4/26 | 135 | 123 | ||
American Express Co. | 2.550% | 3/4/27 | 395 | 367 | ||
American Express Co. | 3.300% | 5/3/27 | 347 | 329 | ||
American Express Co. | 5.389% | 7/28/27 | 160 | 160 | ||
American Express Co. | 5.850% | 11/5/27 | 240 | 246 | ||
American Express Co. | 5.098% | 2/16/28 | 280 | 279 | ||
American Express Co. | 4.050% | 5/3/29 | 130 | 126 | ||
American Express Co. | 5.282% | 7/27/29 | 236 | 237 | ||
American Express Co. | 6.489% | 10/30/31 | 125 | 133 | ||
American Express Co. | 4.989% | 5/26/33 | 105 | 102 | ||
American Express Co. | 4.420% | 8/3/33 | 80 | 76 | ||
American Express Co. | 5.043% | 5/1/34 | 169 | 166 | ||
American Express Co. | 4.050% | 12/3/42 | 130 | 112 | ||
American International Group Inc. | 5.125% | 3/27/33 | 85 | 84 | ||
American International Group Inc. | 4.800% | 7/10/45 | 30 | 27 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
American International Group Inc. | 4.750% | 4/1/48 | 120 | 110 | ||
1 | American International Group Inc. | 5.750% | 4/1/48 | 45 | 44 | |
American International Group Inc. | 4.375% | 6/30/50 | 90 | 77 | ||
Ameriprise Financial Inc. | 5.150% | 5/15/33 | 100 | 100 | ||
Aon Corp. | 3.750% | 5/2/29 | 20 | 19 | ||
Aon Corp. | 2.800% | 5/15/30 | 145 | 126 | ||
Aon Corp. | 5.350% | 2/28/33 | 35 | 35 | ||
Aon Corp. | 3.900% | 2/28/52 | 135 | 102 | ||
Aon Global Ltd. | 3.875% | 12/15/25 | 244 | 238 | ||
Arch Capital Group Ltd. | 3.635% | 6/30/50 | 130 | 96 | ||
Arthur J Gallagher & Co. | 3.500% | 5/20/51 | 120 | 83 | ||
Athene Holding Ltd. | 4.125% | 1/12/28 | 180 | 172 | ||
Australia & New Zealand Banking Group Ltd. | 5.375% | 7/3/25 | 230 | 231 | ||
Australia & New Zealand Banking Group Ltd. | 5.671% | 10/3/25 | 235 | 237 | ||
1 | Australia & New Zealand Banking Group Ltd. | 3.700% | 11/16/25 | 155 | 152 | |
Australia & New Zealand Banking Group Ltd. | 5.088% | 12/8/25 | 85 | 85 | ||
AXA SA | 8.600% | 12/15/30 | 85 | 101 | ||
Banco Bilbao Vizcaya Argentaria SA | 1.125% | 9/18/25 | 165 | 154 | ||
Banco Bilbao Vizcaya Argentaria SA | 5.862% | 9/14/26 | 10 | 10 | ||
Banco Bilbao Vizcaya Argentaria SA | 6.138% | 9/14/28 | 160 | 162 | ||
Banco Bilbao Vizcaya Argentaria SA | 7.883% | 11/15/34 | 100 | 107 | ||
Banco Santander SA | 3.496% | 3/24/25 | 200 | 196 | ||
Banco Santander SA | 2.746% | 5/28/25 | 265 | 256 | ||
Banco Santander SA | 5.147% | 8/18/25 | 275 | 273 | ||
Banco Santander SA | 5.179% | 11/19/25 | 170 | 168 | ||
Banco Santander SA | 1.849% | 3/25/26 | 165 | 153 | ||
Banco Santander SA | 4.250% | 4/11/27 | 255 | 246 | ||
Banco Santander SA | 5.294% | 8/18/27 | 390 | 387 | ||
Banco Santander SA | 1.722% | 9/14/27 | 115 | 104 | ||
Banco Santander SA | 6.527% | 11/7/27 | 80 | 82 | ||
Banco Santander SA | 3.800% | 2/23/28 | 175 | 165 | ||
Banco Santander SA | 4.175% | 3/24/28 | 175 | 168 | ||
Banco Santander SA | 4.379% | 4/12/28 | 165 | 159 | ||
Banco Santander SA | 5.588% | 8/8/28 | 90 | 91 | ||
Banco Santander SA | 6.607% | 11/7/28 | 200 | 210 | ||
Banco Santander SA | 3.306% | 6/27/29 | 150 | 136 | ||
Banco Santander SA | 3.490% | 5/28/30 | 160 | 143 | ||
Banco Santander SA | 2.749% | 12/3/30 | 275 | 224 | ||
Banco Santander SA | 2.958% | 3/25/31 | 120 | 102 | ||
Banco Santander SA | 3.225% | 11/22/32 | 120 | 99 | ||
Banco Santander SA | 6.921% | 8/8/33 | 215 | 223 | ||
Banco Santander SA | 6.938% | 11/7/33 | 210 | 229 | ||
1 | Bank of America Corp. | 3.950% | 4/21/25 | 420 | 413 | |
1 | Bank of America Corp. | 3.875% | 8/1/25 | 355 | 349 | |
1 | Bank of America Corp. | 4.450% | 3/3/26 | 335 | 329 | |
1 | Bank of America Corp. | 3.384% | 4/2/26 | 440 | 430 | |
1 | Bank of America Corp. | 3.500% | 4/19/26 | 275 | 266 | |
1 | Bank of America Corp. | 1.319% | 6/19/26 | 468 | 443 | |
1 | Bank of America Corp. | 4.827% | 7/22/26 | 280 | 278 | |
1 | Bank of America Corp. | 4.250% | 10/22/26 | 303 | 296 | |
1 | Bank of America Corp. | 1.197% | 10/24/26 | 405 | 377 | |
Bank of America Corp. | 5.080% | 1/20/27 | 430 | 427 | ||
1 | Bank of America Corp. | 1.658% | 3/11/27 | 360 | 334 | |
1 | Bank of America Corp. | 3.559% | 4/23/27 | 385 | 370 | |
Bank of America Corp. | 1.734% | 7/22/27 | 775 | 710 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Bank of America Corp. | 5.933% | 9/15/27 | 300 | 304 | ||
1 | Bank of America Corp. | 3.248% | 10/21/27 | 305 | 288 | |
1 | Bank of America Corp. | 4.183% | 11/25/27 | 350 | 338 | |
1 | Bank of America Corp. | 3.824% | 1/20/28 | 270 | 259 | |
1 | Bank of America Corp. | 2.551% | 2/4/28 | 345 | 319 | |
1 | Bank of America Corp. | 3.705% | 4/24/28 | 235 | 224 | |
Bank of America Corp. | 4.376% | 4/27/28 | 310 | 302 | ||
1 | Bank of America Corp. | 3.593% | 7/21/28 | 290 | 275 | |
1 | Bank of America Corp. | 4.948% | 7/22/28 | 350 | 346 | |
Bank of America Corp. | 6.204% | 11/10/28 | 225 | 232 | ||
1 | Bank of America Corp. | 3.419% | 12/20/28 | 858 | 802 | |
1 | Bank of America Corp. | 3.970% | 3/5/29 | 285 | 271 | |
Bank of America Corp. | 5.202% | 4/25/29 | 435 | 433 | ||
1 | Bank of America Corp. | 2.087% | 6/14/29 | 370 | 325 | |
1 | Bank of America Corp. | 4.271% | 7/23/29 | 323 | 310 | |
Bank of America Corp. | 5.819% | 9/15/29 | 375 | 382 | ||
1 | Bank of America Corp. | 3.974% | 2/7/30 | 420 | 395 | |
1 | Bank of America Corp. | 3.194% | 7/23/30 | 300 | 270 | |
1 | Bank of America Corp. | 2.884% | 10/22/30 | 335 | 295 | |
1 | Bank of America Corp. | 2.496% | 2/13/31 | 450 | 384 | |
1 | Bank of America Corp. | 2.592% | 4/29/31 | 425 | 362 | |
1 | Bank of America Corp. | 1.898% | 7/23/31 | 375 | 304 | |
1 | Bank of America Corp. | 1.922% | 10/24/31 | 330 | 266 | |
1 | Bank of America Corp. | 2.651% | 3/11/32 | 285 | 238 | |
Bank of America Corp. | 2.687% | 4/22/32 | 590 | 494 | ||
Bank of America Corp. | 2.299% | 7/21/32 | 460 | 372 | ||
Bank of America Corp. | 2.572% | 10/20/32 | 415 | 341 | ||
1 | Bank of America Corp. | 2.972% | 2/4/33 | 490 | 412 | |
Bank of America Corp. | 4.571% | 4/27/33 | 535 | 504 | ||
1 | Bank of America Corp. | 5.015% | 7/22/33 | 615 | 599 | |
Bank of America Corp. | 5.288% | 4/25/34 | 680 | 670 | ||
Bank of America Corp. | 5.872% | 9/15/34 | 555 | 569 | ||
Bank of America Corp. | 5.468% | 1/23/35 | 715 | 713 | ||
Bank of America Corp. | 2.482% | 9/21/36 | 375 | 296 | ||
Bank of America Corp. | 6.110% | 1/29/37 | 275 | 288 | ||
Bank of America Corp. | 3.846% | 3/8/37 | 325 | 284 | ||
1 | Bank of America Corp. | 4.244% | 4/24/38 | 265 | 235 | |
Bank of America Corp. | 7.750% | 5/14/38 | 205 | 246 | ||
1 | Bank of America Corp. | 4.078% | 4/23/40 | 215 | 184 | |
1 | Bank of America Corp. | 2.676% | 6/19/41 | 650 | 453 | |
1 | Bank of America Corp. | 5.875% | 2/7/42 | 210 | 223 | |
Bank of America Corp. | 3.311% | 4/22/42 | 465 | 352 | ||
1 | Bank of America Corp. | 5.000% | 1/21/44 | 285 | 273 | |
1 | Bank of America Corp. | 4.443% | 1/20/48 | 276 | 237 | |
1 | Bank of America Corp. | 3.946% | 1/23/49 | 135 | 108 | |
1 | Bank of America Corp. | 4.330% | 3/15/50 | 460 | 387 | |
1 | Bank of America Corp. | 4.083% | 3/20/51 | 695 | 561 | |
1 | Bank of America Corp. | 2.831% | 10/24/51 | 230 | 147 | |
1 | Bank of America Corp. | 3.483% | 3/13/52 | 110 | 81 | |
Bank of America Corp. | 2.972% | 7/21/52 | 310 | 206 | ||
Bank of America NA | 5.650% | 8/18/25 | 375 | 378 | ||
Bank of America NA | 5.526% | 8/18/26 | 300 | 303 | ||
1 | Bank of America NA | 6.000% | 10/15/36 | 200 | 209 | |
1 | Bank of Montreal | 1.850% | 5/1/25 | 205 | 197 | |
1 | Bank of Montreal | 3.700% | 6/7/25 | 235 | 230 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Bank of Montreal | 5.920% | 9/25/25 | 115 | 116 | ||
Bank of Montreal | 5.300% | 6/5/26 | 85 | 85 | ||
1 | Bank of Montreal | 1.250% | 9/15/26 | 215 | 196 | |
Bank of Montreal | 5.266% | 12/11/26 | 50 | 50 | ||
1 | Bank of Montreal | 0.949% | 1/22/27 | 195 | 180 | |
1 | Bank of Montreal | 2.650% | 3/8/27 | 235 | 219 | |
1 | Bank of Montreal | 4.700% | 9/14/27 | 125 | 124 | |
Bank of Montreal | 5.203% | 2/1/28 | 125 | 125 | ||
Bank of Montreal | 5.717% | 9/25/28 | 175 | 179 | ||
1 | Bank of Montreal | 3.803% | 12/15/32 | 170 | 156 | |
Bank of Montreal | 3.088% | 1/10/37 | 145 | 117 | ||
1 | Bank of New York Mellon Corp. | 1.600% | 4/24/25 | 145 | 139 | |
1 | Bank of New York Mellon Corp. | 2.800% | 5/4/26 | 120 | 115 | |
Bank of New York Mellon Corp. | 4.414% | 7/24/26 | 125 | 123 | ||
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 | 100 | 92 | |
Bank of New York Mellon Corp. | 4.947% | 4/26/27 | 145 | 144 | ||
1 | Bank of New York Mellon Corp. | 3.250% | 5/16/27 | 145 | 138 | |
1 | Bank of New York Mellon Corp. | 3.400% | 1/29/28 | 115 | 109 | |
1 | Bank of New York Mellon Corp. | 3.442% | 2/7/28 | 210 | 201 | |
1 | Bank of New York Mellon Corp. | 3.850% | 4/28/28 | 220 | 212 | |
1 | Bank of New York Mellon Corp. | 5.802% | 10/25/28 | 130 | 133 | |
Bank of New York Mellon Corp. | 4.543% | 2/1/29 | 100 | 98 | ||
1 | Bank of New York Mellon Corp. | 3.300% | 8/23/29 | 170 | 156 | |
1 | Bank of New York Mellon Corp. | 6.317% | 10/25/29 | 167 | 175 | |
1 | Bank of New York Mellon Corp. | 4.289% | 6/13/33 | 93 | 87 | |
1 | Bank of New York Mellon Corp. | 5.834% | 10/25/33 | 205 | 213 | |
Bank of New York Mellon Corp. | 4.706% | 2/1/34 | 80 | 77 | ||
1 | Bank of New York Mellon Corp. | 4.967% | 4/26/34 | 110 | 107 | |
1 | Bank of New York Mellon Corp. | 6.474% | 10/25/34 | 170 | 184 | |
1 | Bank of Nova Scotia | 3.450% | 4/11/25 | 280 | 274 | |
Bank of Nova Scotia | 1.300% | 6/11/25 | 160 | 152 | ||
Bank of Nova Scotia | 5.450% | 6/12/25 | 185 | 185 | ||
Bank of Nova Scotia | 4.500% | 12/16/25 | 220 | 216 | ||
Bank of Nova Scotia | 4.750% | 2/2/26 | 105 | 104 | ||
Bank of Nova Scotia | 1.050% | 3/2/26 | 175 | 161 | ||
Bank of Nova Scotia | 1.350% | 6/24/26 | 170 | 156 | ||
Bank of Nova Scotia | 2.700% | 8/3/26 | 90 | 85 | ||
Bank of Nova Scotia | 1.300% | 9/15/26 | 205 | 187 | ||
Bank of Nova Scotia | 5.350% | 12/7/26 | 75 | 75 | ||
Bank of Nova Scotia | 1.950% | 2/2/27 | 60 | 55 | ||
Bank of Nova Scotia | 5.250% | 6/12/28 | 110 | 111 | ||
Bank of Nova Scotia | 4.850% | 2/1/30 | 140 | 138 | ||
Bank of Nova Scotia | 2.450% | 2/2/32 | 90 | 74 | ||
Bank of Nova Scotia | 5.650% | 2/1/34 | 150 | 152 | ||
Bank of Nova Scotia | 4.588% | 5/4/37 | 165 | 148 | ||
Barclays plc | 3.650% | 3/16/25 | 255 | 250 | ||
Barclays plc | 4.375% | 1/12/26 | 275 | 269 | ||
1 | Barclays plc | 2.852% | 5/7/26 | 225 | 218 | |
Barclays plc | 5.200% | 5/12/26 | 269 | 266 | ||
Barclays plc | 5.304% | 8/9/26 | 210 | 209 | ||
Barclays plc | 7.325% | 11/2/26 | 120 | 123 | ||
Barclays plc | 5.829% | 5/9/27 | 225 | 225 | ||
Barclays plc | 6.496% | 9/13/27 | 100 | 102 | ||
Barclays plc | 2.279% | 11/24/27 | 255 | 233 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Barclays plc | 4.337% | 1/10/28 | 260 | 250 | ||
Barclays plc | 4.836% | 5/9/28 | 305 | 294 | ||
Barclays plc | 5.501% | 8/9/28 | 250 | 249 | ||
Barclays plc | 7.385% | 11/2/28 | 190 | 201 | ||
1 | Barclays plc | 4.972% | 5/16/29 | 215 | 209 | |
Barclays plc | 6.490% | 9/13/29 | 210 | 216 | ||
1 | Barclays plc | 5.088% | 6/20/30 | 205 | 194 | |
Barclays plc | 2.645% | 6/24/31 | 130 | 108 | ||
Barclays plc | 2.667% | 3/10/32 | 185 | 151 | ||
Barclays plc | 2.894% | 11/24/32 | 220 | 179 | ||
Barclays plc | 5.746% | 8/9/33 | 125 | 124 | ||
Barclays plc | 7.437% | 11/2/33 | 305 | 334 | ||
Barclays plc | 6.224% | 5/9/34 | 260 | 263 | ||
Barclays plc | 7.119% | 6/27/34 | 195 | 202 | ||
Barclays plc | 6.692% | 9/13/34 | 200 | 209 | ||
Barclays plc | 3.564% | 9/23/35 | 110 | 92 | ||
Barclays plc | 3.811% | 3/10/42 | 125 | 94 | ||
Barclays plc | 3.330% | 11/24/42 | 140 | 101 | ||
Barclays plc | 5.250% | 8/17/45 | 210 | 200 | ||
Barclays plc | 4.950% | 1/10/47 | 225 | 205 | ||
BlackRock Inc. | 3.250% | 4/30/29 | 185 | 174 | ||
BlackRock Inc. | 2.400% | 4/30/30 | 168 | 146 | ||
BlackRock Inc. | 1.900% | 1/28/31 | 190 | 157 | ||
BlackRock Inc. | 2.100% | 2/25/32 | 130 | 106 | ||
BlackRock Inc. | 4.750% | 5/25/33 | 195 | 191 | ||
Brighthouse Financial Inc. | 3.700% | 6/22/27 | 80 | 75 | ||
Brighthouse Financial Inc. | 4.700% | 6/22/47 | 128 | 99 | ||
Canadian Imperial Bank of Commerce | 3.300% | 4/7/25 | 135 | 132 | ||
Canadian Imperial Bank of Commerce | 5.144% | 4/28/25 | 135 | 135 | ||
Canadian Imperial Bank of Commerce | 3.945% | 8/4/25 | 260 | 255 | ||
Canadian Imperial Bank of Commerce | 5.926% | 10/2/26 | 105 | 107 | ||
Canadian Imperial Bank of Commerce | 3.450% | 4/7/27 | 130 | 124 | ||
Canadian Imperial Bank of Commerce | 5.001% | 4/28/28 | 135 | 135 | ||
Canadian Imperial Bank of Commerce | 3.600% | 4/7/32 | 140 | 125 | ||
Canadian Imperial Bank of Commerce | 6.092% | 10/3/33 | 195 | 203 | ||
Capital One Financial Corp. | 4.250% | 4/30/25 | 10 | 10 | ||
Capital One Financial Corp. | 4.200% | 10/29/25 | 195 | 191 | ||
Capital One Financial Corp. | 2.636% | 3/3/26 | 165 | 160 | ||
Capital One Financial Corp. | 4.985% | 7/24/26 | 80 | 79 | ||
Capital One Financial Corp. | 3.750% | 7/28/26 | 175 | 168 | ||
Capital One Financial Corp. | 3.750% | 3/9/27 | 200 | 191 | ||
Capital One Financial Corp. | 3.650% | 5/11/27 | 160 | 152 | ||
Capital One Financial Corp. | 7.149% | 10/29/27 | 150 | 156 | ||
Capital One Financial Corp. | 1.878% | 11/2/27 | 575 | 522 | ||
Capital One Financial Corp. | 3.800% | 1/31/28 | 285 | 269 | ||
Capital One Financial Corp. | 4.927% | 5/10/28 | 100 | 98 | ||
Capital One Financial Corp. | 5.468% | 2/1/29 | 160 | 159 | ||
Capital One Financial Corp. | 6.312% | 6/8/29 | 185 | 189 | ||
Capital One Financial Corp. | 5.700% | 2/1/30 | 135 | 135 | ||
Capital One Financial Corp. | 3.273% | 3/1/30 | 140 | 125 | ||
Capital One Financial Corp. | 5.247% | 7/26/30 | 45 | 44 | ||
1 | Capital One Financial Corp. | 7.624% | 10/30/31 | 265 | 290 | |
Capital One Financial Corp. | 2.359% | 7/29/32 | 125 | 94 | ||
Capital One Financial Corp. | 5.268% | 5/10/33 | 190 | 184 | ||
Capital One Financial Corp. | 5.817% | 2/1/34 | 195 | 193 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Capital One Financial Corp. | 6.377% | 6/8/34 | 250 | 258 | ||
Capital One Financial Corp. | 6.051% | 2/1/35 | 135 | 136 | ||
Charles Schwab Corp. | 3.850% | 5/21/25 | 80 | 79 | ||
Charles Schwab Corp. | 0.900% | 3/11/26 | 100 | 92 | ||
Charles Schwab Corp. | 1.150% | 5/13/26 | 210 | 193 | ||
Charles Schwab Corp. | 2.450% | 3/3/27 | 210 | 195 | ||
Charles Schwab Corp. | 2.000% | 3/20/28 | 160 | 142 | ||
Charles Schwab Corp. | 5.643% | 5/19/29 | 195 | 197 | ||
Charles Schwab Corp. | 1.650% | 3/11/31 | 125 | 99 | ||
Charles Schwab Corp. | 2.300% | 5/13/31 | 90 | 75 | ||
Charles Schwab Corp. | 1.950% | 12/1/31 | 220 | 175 | ||
Charles Schwab Corp. | 2.900% | 3/3/32 | 140 | 119 | ||
Charles Schwab Corp. | 5.853% | 5/19/34 | 165 | 167 | ||
Charles Schwab Corp. | 6.136% | 8/24/34 | 185 | 192 | ||
Chubb Corp. | 6.000% | 5/11/37 | 170 | 182 | ||
Chubb INA Holdings Inc. | 3.350% | 5/3/26 | 250 | 241 | ||
Chubb INA Holdings Inc. | 1.375% | 9/15/30 | 170 | 137 | ||
Chubb INA Holdings Inc. | 4.350% | 11/3/45 | 165 | 146 | ||
Chubb INA Holdings Inc. | 3.050% | 12/15/61 | 100 | 66 | ||
CI Financial Corp. | 3.200% | 12/17/30 | 140 | 111 | ||
CI Financial Corp. | 4.100% | 6/15/51 | 105 | 62 | ||
Citibank NA | 5.864% | 9/29/25 | 275 | 278 | ||
1 | Citibank NA | 5.488% | 12/4/26 | 370 | 373 | |
Citibank NA | 5.803% | 9/29/28 | 295 | 304 | ||
Citigroup Inc. | 3.875% | 3/26/25 | 120 | 118 | ||
Citigroup Inc. | 3.300% | 4/27/25 | 210 | 205 | ||
Citigroup Inc. | 4.400% | 6/10/25 | 350 | 345 | ||
Citigroup Inc. | 5.500% | 9/13/25 | 175 | 175 | ||
Citigroup Inc. | 3.700% | 1/12/26 | 300 | 292 | ||
Citigroup Inc. | 4.600% | 3/9/26 | 235 | 231 | ||
Citigroup Inc. | 3.290% | 3/17/26 | 200 | 195 | ||
1 | Citigroup Inc. | 3.106% | 4/8/26 | 545 | 531 | |
Citigroup Inc. | 3.400% | 5/1/26 | 275 | 265 | ||
Citigroup Inc. | 5.610% | 9/29/26 | 300 | 300 | ||
Citigroup Inc. | 3.200% | 10/21/26 | 465 | 442 | ||
Citigroup Inc. | 4.300% | 11/20/26 | 150 | 146 | ||
Citigroup Inc. | 1.122% | 1/28/27 | 340 | 313 | ||
Citigroup Inc. | 1.462% | 6/9/27 | 410 | 376 | ||
Citigroup Inc. | 4.450% | 9/29/27 | 555 | 538 | ||
1 | Citigroup Inc. | 3.887% | 1/10/28 | 360 | 346 | |
1 | Citigroup Inc. | 3.070% | 2/24/28 | 325 | 304 | |
Citigroup Inc. | 4.658% | 5/24/28 | 225 | 221 | ||
1 | Citigroup Inc. | 3.668% | 7/24/28 | 405 | 384 | |
Citigroup Inc. | 4.125% | 7/25/28 | 210 | 199 | ||
1 | Citigroup Inc. | 3.520% | 10/27/28 | 360 | 338 | |
1 | Citigroup Inc. | 4.075% | 4/23/29 | 300 | 286 | |
Citigroup Inc. | 5.174% | 2/13/30 | 340 | 337 | ||
1 | Citigroup Inc. | 3.980% | 3/20/30 | 340 | 319 | |
1 | Citigroup Inc. | 2.976% | 11/5/30 | 225 | 199 | |
1 | Citigroup Inc. | 2.666% | 1/29/31 | 305 | 262 | |
1 | Citigroup Inc. | 4.412% | 3/31/31 | 485 | 458 | |
1 | Citigroup Inc. | 2.572% | 6/3/31 | 390 | 330 | |
Citigroup Inc. | 2.561% | 5/1/32 | 385 | 317 | ||
Citigroup Inc. | 6.625% | 6/15/32 | 210 | 224 | ||
Citigroup Inc. | 2.520% | 11/3/32 | 300 | 243 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Citigroup Inc. | 3.057% | 1/25/33 | 365 | 307 | ||
Citigroup Inc. | 3.785% | 3/17/33 | 350 | 310 | ||
Citigroup Inc. | 4.910% | 5/24/33 | 400 | 383 | ||
Citigroup Inc. | 6.270% | 11/17/33 | 415 | 436 | ||
Citigroup Inc. | 6.174% | 5/25/34 | 450 | 453 | ||
Citigroup Inc. | 5.827% | 2/13/35 | 200 | 196 | ||
1 | Citigroup Inc. | 3.878% | 1/24/39 | 166 | 140 | |
Citigroup Inc. | 8.125% | 7/15/39 | 282 | 357 | ||
1 | Citigroup Inc. | 5.316% | 3/26/41 | 195 | 191 | |
Citigroup Inc. | 5.875% | 1/30/42 | 155 | 163 | ||
Citigroup Inc. | 2.904% | 11/3/42 | 205 | 145 | ||
Citigroup Inc. | 6.675% | 9/13/43 | 110 | 121 | ||
Citigroup Inc. | 5.300% | 5/6/44 | 135 | 129 | ||
Citigroup Inc. | 4.650% | 7/30/45 | 155 | 138 | ||
Citigroup Inc. | 4.750% | 5/18/46 | 260 | 227 | ||
1 | Citigroup Inc. | 4.281% | 4/24/48 | 135 | 114 | |
Citigroup Inc. | 4.650% | 7/23/48 | 330 | 294 | ||
1 | Citizens Bank NA | 2.250% | 4/28/25 | 40 | 38 | |
Citizens Financial Group Inc. | 5.841% | 1/23/30 | 135 | 133 | ||
Citizens Financial Group Inc. | 3.250% | 4/30/30 | 145 | 125 | ||
CME Group Inc. | 3.000% | 3/15/25 | 80 | 78 | ||
CME Group Inc. | 2.650% | 3/15/32 | 70 | 60 | ||
CME Group Inc. | 5.300% | 9/15/43 | 98 | 99 | ||
Comerica Inc. | 5.982% | 1/30/30 | 125 | 123 | ||
Commonwealth Bank of Australia | 5.499% | 9/12/25 | 250 | 251 | ||
1 | Cooperatieve Rabobank UA | 3.375% | 5/21/25 | 190 | 186 | |
Cooperatieve Rabobank UA | 4.375% | 8/4/25 | 140 | 137 | ||
1 | Cooperatieve Rabobank UA | 3.750% | 7/21/26 | 195 | 187 | |
1 | Cooperatieve Rabobank UA | 5.250% | 5/24/41 | 205 | 207 | |
Cooperatieve Rabobank UA | 5.750% | 12/1/43 | 175 | 176 | ||
Cooperatieve Rabobank UA | 5.250% | 8/4/45 | 190 | 184 | ||
Credit Suisse AG | 2.950% | 4/9/25 | 45 | 44 | ||
Credit Suisse AG | 1.250% | 8/7/26 | 40 | 36 | ||
Credit Suisse AG | 5.000% | 7/9/27 | 250 | 248 | ||
Credit Suisse AG | 7.500% | 2/15/28 | 295 | 318 | ||
Deutsche Bank AG | 4.500% | 4/1/25 | 51 | 50 | ||
Deutsche Bank AG | 1.686% | 3/19/26 | 120 | 112 | ||
Deutsche Bank AG | 6.119% | 7/14/26 | 165 | 165 | ||
Deutsche Bank AG | 2.129% | 11/24/26 | 295 | 277 | ||
Deutsche Bank AG | 7.146% | 7/13/27 | 150 | 154 | ||
Deutsche Bank AG | 2.311% | 11/16/27 | 286 | 260 | ||
Deutsche Bank AG | 2.552% | 1/7/28 | 40 | 36 | ||
Deutsche Bank AG | 5.706% | 2/8/28 | 150 | 149 | ||
Deutsche Bank AG | 6.720% | 1/18/29 | 265 | 272 | ||
Deutsche Bank AG | 6.819% | 11/20/29 | 205 | 212 | ||
1 | Deutsche Bank AG | 3.547% | 9/18/31 | 185 | 160 | |
Deutsche Bank AG | 3.729% | 1/14/32 | 125 | 103 | ||
Deutsche Bank AG | 3.035% | 5/28/32 | 160 | 132 | ||
Deutsche Bank AG | 4.875% | 12/1/32 | 180 | 166 | ||
Deutsche Bank AG | 3.742% | 1/7/33 | 175 | 141 | ||
Deutsche Bank AG | 7.079% | 2/10/34 | 205 | 205 | ||
1 | Discover Bank | 3.450% | 7/27/26 | 200 | 190 | |
1 | Discover Bank | 4.650% | 9/13/28 | 140 | 134 | |
Discover Financial Services | 4.100% | 2/9/27 | 115 | 111 | ||
Discover Financial Services | 6.700% | 11/29/32 | 80 | 84 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Discover Financial Services | 7.964% | 11/2/34 | 150 | 168 | ||
Equitable Holdings Inc. | 4.350% | 4/20/28 | 267 | 257 | ||
Equitable Holdings Inc. | 5.000% | 4/20/48 | 216 | 196 | ||
Everest Reinsurance Holdings Inc. | 3.500% | 10/15/50 | 145 | 102 | ||
Everest Reinsurance Holdings Inc. | 3.125% | 10/15/52 | 165 | 103 | ||
Fairfax Financial Holdings Ltd. | 5.625% | 8/16/32 | 105 | 103 | ||
Fifth Third Bancorp | 2.550% | 5/5/27 | 125 | 115 | ||
Fifth Third Bancorp | 6.361% | 10/27/28 | 165 | 168 | ||
Fifth Third Bancorp | 6.339% | 7/27/29 | 120 | 123 | ||
Fifth Third Bancorp | 4.772% | 7/28/30 | 170 | 162 | ||
Fifth Third Bancorp | 5.631% | 1/29/32 | 200 | 198 | ||
Fifth Third Bancorp | 8.250% | 3/1/38 | 120 | 142 | ||
1 | Fifth Third Bank NA | 3.950% | 7/28/25 | 40 | 39 | |
1 | Fifth Third Bank NA | 3.850% | 3/15/26 | 135 | 130 | |
Franklin Resources Inc. | 1.600% | 10/30/30 | 130 | 105 | ||
Global Payments Inc. | 1.200% | 3/1/26 | 140 | 129 | ||
Global Payments Inc. | 4.800% | 4/1/26 | 160 | 158 | ||
Global Payments Inc. | 2.150% | 1/15/27 | 120 | 110 | ||
Global Payments Inc. | 3.200% | 8/15/29 | 160 | 143 | ||
Global Payments Inc. | 2.900% | 5/15/30 | 190 | 164 | ||
Global Payments Inc. | 2.900% | 11/15/31 | 120 | 100 | ||
Global Payments Inc. | 5.400% | 8/15/32 | 100 | 99 | ||
Global Payments Inc. | 4.150% | 8/15/49 | 110 | 84 | ||
Global Payments Inc. | 5.950% | 8/15/52 | 75 | 74 | ||
Goldman Sachs Capital I | 6.345% | 2/15/34 | 163 | 167 | ||
Goldman Sachs Group Inc. | 3.500% | 4/1/25 | 474 | 464 | ||
Goldman Sachs Group Inc. | 3.750% | 5/22/25 | 266 | 261 | ||
Goldman Sachs Group Inc. | 4.250% | 10/21/25 | 225 | 221 | ||
Goldman Sachs Group Inc. | 3.750% | 2/25/26 | 315 | 307 | ||
Goldman Sachs Group Inc. | 5.798% | 8/10/26 | 270 | 271 | ||
Goldman Sachs Group Inc. | 3.500% | 11/16/26 | 377 | 362 | ||
1 | Goldman Sachs Group Inc. | 1.093% | 12/9/26 | 365 | 338 | |
Goldman Sachs Group Inc. | 5.950% | 1/15/27 | 180 | 184 | ||
Goldman Sachs Group Inc. | 3.850% | 1/26/27 | 415 | 401 | ||
Goldman Sachs Group Inc. | 1.431% | 3/9/27 | 390 | 361 | ||
Goldman Sachs Group Inc. | 1.542% | 9/10/27 | 385 | 350 | ||
Goldman Sachs Group Inc. | 1.948% | 10/21/27 | 600 | 549 | ||
Goldman Sachs Group Inc. | 2.640% | 2/24/28 | 375 | 347 | ||
Goldman Sachs Group Inc. | 3.615% | 3/15/28 | 390 | 372 | ||
1 | Goldman Sachs Group Inc. | 3.691% | 6/5/28 | 390 | 372 | |
Goldman Sachs Group Inc. | 4.482% | 8/23/28 | 300 | 293 | ||
1 | Goldman Sachs Group Inc. | 3.814% | 4/23/29 | 500 | 472 | |
1 | Goldman Sachs Group Inc. | 4.223% | 5/1/29 | 578 | 554 | |
Goldman Sachs Group Inc. | 6.484% | 10/24/29 | 210 | 220 | ||
Goldman Sachs Group Inc. | 2.600% | 2/7/30 | 265 | 230 | ||
Goldman Sachs Group Inc. | 3.800% | 3/15/30 | 375 | 349 | ||
Goldman Sachs Group Inc. | 1.992% | 1/27/32 | 325 | 261 | ||
Goldman Sachs Group Inc. | 2.615% | 4/22/32 | 470 | 391 | ||
Goldman Sachs Group Inc. | 2.383% | 7/21/32 | 540 | 439 | ||
Goldman Sachs Group Inc. | 2.650% | 10/21/32 | 385 | 318 | ||
Goldman Sachs Group Inc. | 6.125% | 2/15/33 | 260 | 279 | ||
Goldman Sachs Group Inc. | 3.102% | 2/24/33 | 515 | 436 | ||
Goldman Sachs Group Inc. | 6.561% | 10/24/34 | 190 | 205 | ||
Goldman Sachs Group Inc. | 6.750% | 10/1/37 | 750 | 816 | ||
1 | Goldman Sachs Group Inc. | 4.017% | 10/31/38 | 230 | 197 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Goldman Sachs Group Inc. | 4.411% | 4/23/39 | 185 | 164 | |
Goldman Sachs Group Inc. | 6.250% | 2/1/41 | 400 | 432 | ||
Goldman Sachs Group Inc. | 3.210% | 4/22/42 | 350 | 260 | ||
Goldman Sachs Group Inc. | 2.908% | 7/21/42 | 225 | 159 | ||
Goldman Sachs Group Inc. | 3.436% | 2/24/43 | 155 | 118 | ||
1 | Goldman Sachs Group Inc. | 4.800% | 7/8/44 | 265 | 241 | |
Goldman Sachs Group Inc. | 5.150% | 5/22/45 | 265 | 253 | ||
Goldman Sachs Group Inc. | 4.750% | 10/21/45 | 210 | 192 | ||
Hartford Financial Services Group Inc. | 3.600% | 8/19/49 | 145 | 109 | ||
HSBC Holdings plc | 4.250% | 8/18/25 | 240 | 235 | ||
HSBC Holdings plc | 4.180% | 12/9/25 | 100 | 99 | ||
HSBC Holdings plc | 4.300% | 3/8/26 | 380 | 372 | ||
HSBC Holdings plc | 2.999% | 3/10/26 | 275 | 267 | ||
1 | HSBC Holdings plc | 1.645% | 4/18/26 | 235 | 224 | |
HSBC Holdings plc | 3.900% | 5/25/26 | 240 | 233 | ||
1 | HSBC Holdings plc | 2.099% | 6/4/26 | 290 | 277 | |
1 | HSBC Holdings plc | 4.292% | 9/12/26 | 195 | 191 | |
HSBC Holdings plc | 7.336% | 11/3/26 | 165 | 170 | ||
HSBC Holdings plc | 4.375% | 11/23/26 | 185 | 180 | ||
HSBC Holdings plc | 1.589% | 5/24/27 | 408 | 373 | ||
HSBC Holdings plc | 5.887% | 8/14/27 | 275 | 277 | ||
HSBC Holdings plc | 2.251% | 11/22/27 | 445 | 407 | ||
1 | HSBC Holdings plc | 4.041% | 3/13/28 | 315 | 302 | |
HSBC Holdings plc | 4.755% | 6/9/28 | 255 | 249 | ||
HSBC Holdings plc | 5.210% | 8/11/28 | 240 | 238 | ||
1 | HSBC Holdings plc | 2.013% | 9/22/28 | 175 | 155 | |
HSBC Holdings plc | 7.390% | 11/3/28 | 280 | 296 | ||
HSBC Holdings plc | 6.161% | 3/9/29 | 455 | 465 | ||
1 | HSBC Holdings plc | 4.583% | 6/19/29 | 415 | 399 | |
HSBC Holdings plc | 2.206% | 8/17/29 | 325 | 282 | ||
HSBC Holdings plc | 4.950% | 3/31/30 | 435 | 426 | ||
1 | HSBC Holdings plc | 3.973% | 5/22/30 | 335 | 310 | |
1 | HSBC Holdings plc | 2.848% | 6/4/31 | 335 | 285 | |
1 | HSBC Holdings plc | 2.357% | 8/18/31 | 170 | 140 | |
HSBC Holdings plc | 2.804% | 5/24/32 | 490 | 405 | ||
HSBC Holdings plc | 2.871% | 11/22/32 | 245 | 202 | ||
HSBC Holdings plc | 4.762% | 3/29/33 | 250 | 229 | ||
HSBC Holdings plc | 5.402% | 8/11/33 | 295 | 290 | ||
HSBC Holdings plc | 8.113% | 11/3/33 | 305 | 343 | ||
HSBC Holdings plc | 6.254% | 3/9/34 | 405 | 420 | ||
HSBC Holdings plc | 6.547% | 6/20/34 | 260 | 265 | ||
HSBC Holdings plc | 7.399% | 11/13/34 | 255 | 273 | ||
HSBC Holdings plc | 6.500% | 5/2/36 | 150 | 158 | ||
HSBC Holdings plc | 6.500% | 9/15/37 | 250 | 263 | ||
1 | HSBC Holdings plc | 6.500% | 9/15/37 | 135 | 139 | |
HSBC Holdings plc | 6.800% | 6/1/38 | 100 | 108 | ||
HSBC Holdings plc | 6.100% | 1/14/42 | 60 | 66 | ||
HSBC Holdings plc | 6.332% | 3/9/44 | 370 | 389 | ||
HSBC Holdings plc | 5.250% | 3/14/44 | 252 | 240 | ||
HSBC USA Inc. | 5.625% | 3/17/25 | 90 | 90 | ||
Huntington Bancshares Inc. | 4.443% | 8/4/28 | 130 | 125 | ||
Huntington Bancshares Inc. | 6.208% | 8/21/29 | 155 | 158 | ||
Huntington Bancshares Inc. | 2.550% | 2/4/30 | 115 | 97 | ||
Huntington Bancshares Inc. | 5.709% | 2/2/35 | 160 | 158 | ||
Huntington National Bank | 4.552% | 5/17/28 | 125 | 121 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Huntington National Bank | 5.650% | 1/10/30 | 100 | 100 | ||
ING Groep NV | 3.869% | 3/28/26 | 145 | 142 | ||
ING Groep NV | 3.950% | 3/29/27 | 275 | 265 | ||
ING Groep NV | 1.726% | 4/1/27 | 185 | 171 | ||
ING Groep NV | 6.083% | 9/11/27 | 40 | 40 | ||
ING Groep NV | 4.017% | 3/28/28 | 165 | 158 | ||
ING Groep NV | 4.550% | 10/2/28 | 250 | 244 | ||
ING Groep NV | 4.050% | 4/9/29 | 70 | 66 | ||
ING Groep NV | 2.727% | 4/1/32 | 85 | 72 | ||
ING Groep NV | 4.252% | 3/28/33 | 70 | 64 | ||
ING Groep NV | 6.114% | 9/11/34 | 250 | 258 | ||
Intercontinental Exchange Inc. | 3.650% | 5/23/25 | 175 | 172 | ||
Intercontinental Exchange Inc. | 3.750% | 12/1/25 | 190 | 185 | ||
Intercontinental Exchange Inc. | 4.000% | 9/15/27 | 225 | 217 | ||
Intercontinental Exchange Inc. | 4.350% | 6/15/29 | 85 | 83 | ||
Intercontinental Exchange Inc. | 2.100% | 6/15/30 | 275 | 231 | ||
Intercontinental Exchange Inc. | 1.850% | 9/15/32 | 200 | 154 | ||
Intercontinental Exchange Inc. | 4.600% | 3/15/33 | 205 | 196 | ||
Intercontinental Exchange Inc. | 2.650% | 9/15/40 | 150 | 106 | ||
Intercontinental Exchange Inc. | 4.250% | 9/21/48 | 200 | 169 | ||
Intercontinental Exchange Inc. | 3.000% | 6/15/50 | 177 | 119 | ||
Intercontinental Exchange Inc. | 4.950% | 6/15/52 | 200 | 187 | ||
Intercontinental Exchange Inc. | 3.000% | 9/15/60 | 225 | 139 | ||
Intercontinental Exchange Inc. | 5.200% | 6/15/62 | 145 | 139 | ||
JPMorgan Chase & Co. | 3.900% | 7/15/25 | 465 | 457 | ||
1 | JPMorgan Chase & Co. | 2.005% | 3/13/26 | 340 | 328 | |
JPMorgan Chase & Co. | 3.300% | 4/1/26 | 365 | 352 | ||
1 | JPMorgan Chase & Co. | 2.083% | 4/22/26 | 500 | 481 | |
JPMorgan Chase & Co. | 4.080% | 4/26/26 | 365 | 360 | ||
JPMorgan Chase & Co. | 3.200% | 6/15/26 | 185 | 178 | ||
JPMorgan Chase & Co. | 2.950% | 10/1/26 | 390 | 371 | ||
JPMorgan Chase & Co. | 1.045% | 11/19/26 | 410 | 381 | ||
JPMorgan Chase & Co. | 4.125% | 12/15/26 | 215 | 210 | ||
1 | JPMorgan Chase & Co. | 3.960% | 1/29/27 | 355 | 346 | |
JPMorgan Chase & Co. | 1.040% | 2/4/27 | 200 | 184 | ||
JPMorgan Chase & Co. | 1.578% | 4/22/27 | 450 | 416 | ||
JPMorgan Chase & Co. | 1.470% | 9/22/27 | 390 | 354 | ||
JPMorgan Chase & Co. | 4.250% | 10/1/27 | 240 | 235 | ||
JPMorgan Chase & Co. | 6.070% | 10/22/27 | 245 | 250 | ||
JPMorgan Chase & Co. | 3.625% | 12/1/27 | 265 | 252 | ||
JPMorgan Chase & Co. | 5.040% | 1/23/28 | 270 | 269 | ||
1 | JPMorgan Chase & Co. | 3.782% | 2/1/28 | 390 | 374 | |
JPMorgan Chase & Co. | 2.947% | 2/24/28 | 150 | 140 | ||
JPMorgan Chase & Co. | 4.323% | 4/26/28 | 370 | 361 | ||
1 | JPMorgan Chase & Co. | 3.540% | 5/1/28 | 355 | 337 | |
1 | JPMorgan Chase & Co. | 2.182% | 6/1/28 | 250 | 228 | |
JPMorgan Chase & Co. | 4.851% | 7/25/28 | 400 | 396 | ||
1 | JPMorgan Chase & Co. | 3.509% | 1/23/29 | 280 | 264 | |
1 | JPMorgan Chase & Co. | 4.005% | 4/23/29 | 325 | 310 | |
JPMorgan Chase & Co. | 2.069% | 6/1/29 | 265 | 233 | ||
1 | JPMorgan Chase & Co. | 4.203% | 7/23/29 | 290 | 279 | |
JPMorgan Chase & Co. | 5.299% | 7/24/29 | 350 | 351 | ||
JPMorgan Chase & Co. | 6.087% | 10/23/29 | 275 | 284 | ||
1 | JPMorgan Chase & Co. | 4.452% | 12/5/29 | 325 | 314 | |
JPMorgan Chase & Co. | 5.012% | 1/23/30 | 345 | 341 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | JPMorgan Chase & Co. | 3.702% | 5/6/30 | 315 | 293 | |
JPMorgan Chase & Co. | 4.565% | 6/14/30 | 190 | 184 | ||
1 | JPMorgan Chase & Co. | 2.739% | 10/15/30 | 470 | 412 | |
1 | JPMorgan Chase & Co. | 4.493% | 3/24/31 | 395 | 379 | |
1 | JPMorgan Chase & Co. | 2.522% | 4/22/31 | 370 | 316 | |
1 | JPMorgan Chase & Co. | 2.956% | 5/13/31 | 435 | 378 | |
JPMorgan Chase & Co. | 1.764% | 11/19/31 | 230 | 185 | ||
JPMorgan Chase & Co. | 1.953% | 2/4/32 | 450 | 362 | ||
JPMorgan Chase & Co. | 2.580% | 4/22/32 | 500 | 418 | ||
JPMorgan Chase & Co. | 2.545% | 11/8/32 | 415 | 342 | ||
JPMorgan Chase & Co. | 2.963% | 1/25/33 | 455 | 384 | ||
JPMorgan Chase & Co. | 4.586% | 4/26/33 | 295 | 280 | ||
JPMorgan Chase & Co. | 4.912% | 7/25/33 | 615 | 597 | ||
JPMorgan Chase & Co. | 5.717% | 9/14/33 | 460 | 466 | ||
JPMorgan Chase & Co. | 5.350% | 6/1/34 | 610 | 607 | ||
JPMorgan Chase & Co. | 6.254% | 10/23/34 | 420 | 446 | ||
JPMorgan Chase & Co. | 5.336% | 1/23/35 | 460 | 458 | ||
JPMorgan Chase & Co. | 6.400% | 5/15/38 | 337 | 376 | ||
1 | JPMorgan Chase & Co. | 3.882% | 7/24/38 | 370 | 316 | |
JPMorgan Chase & Co. | 5.500% | 10/15/40 | 195 | 199 | ||
1 | JPMorgan Chase & Co. | 3.109% | 4/22/41 | 225 | 169 | |
JPMorgan Chase & Co. | 5.600% | 7/15/41 | 275 | 284 | ||
JPMorgan Chase & Co. | 2.525% | 11/19/41 | 265 | 182 | ||
JPMorgan Chase & Co. | 5.400% | 1/6/42 | 220 | 223 | ||
JPMorgan Chase & Co. | 3.157% | 4/22/42 | 245 | 183 | ||
JPMorgan Chase & Co. | 5.625% | 8/16/43 | 165 | 169 | ||
JPMorgan Chase & Co. | 4.850% | 2/1/44 | 190 | 178 | ||
JPMorgan Chase & Co. | 4.950% | 6/1/45 | 275 | 257 | ||
1 | JPMorgan Chase & Co. | 4.260% | 2/22/48 | 310 | 261 | |
1 | JPMorgan Chase & Co. | 4.032% | 7/24/48 | 175 | 142 | |
1 | JPMorgan Chase & Co. | 3.964% | 11/15/48 | 465 | 374 | |
1 | JPMorgan Chase & Co. | 3.897% | 1/23/49 | 200 | 160 | |
1 | JPMorgan Chase & Co. | 3.109% | 4/22/51 | 257 | 176 | |
JPMorgan Chase & Co. | 3.328% | 4/22/52 | 450 | 319 | ||
JPMorgan Chase Bank NA | 5.110% | 12/8/26 | 150 | 150 | ||
1 | KeyBank NA | 3.300% | 6/1/25 | 205 | 197 | |
1 | KeyBank NA | 4.150% | 8/8/25 | 250 | 242 | |
1 | KeyBank NA | 5.850% | 11/15/27 | 90 | 89 | |
1 | KeyBank NA | 4.900% | 8/8/32 | 75 | 66 | |
KeyBank NA | 5.000% | 1/26/33 | 155 | 142 | ||
1 | KeyCorp | 2.250% | 4/6/27 | 80 | 71 | |
1 | KeyCorp | 4.100% | 4/30/28 | 105 | 98 | |
1 | KeyCorp | 2.550% | 10/1/29 | 80 | 67 | |
1 | KeyCorp | 4.789% | 6/1/33 | 130 | 117 | |
KeyCorp | 6.401% | 3/6/35 | 140 | 140 | ||
Lloyds Banking Group plc | 4.450% | 5/8/25 | 270 | 267 | ||
Lloyds Banking Group plc | 4.582% | 12/10/25 | 85 | 83 | ||
Lloyds Banking Group plc | 3.511% | 3/18/26 | 175 | 171 | ||
Lloyds Banking Group plc | 4.650% | 3/24/26 | 240 | 235 | ||
Lloyds Banking Group plc | 4.716% | 8/11/26 | 260 | 257 | ||
Lloyds Banking Group plc | 3.750% | 1/11/27 | 175 | 168 | ||
Lloyds Banking Group plc | 1.627% | 5/11/27 | 265 | 243 | ||
Lloyds Banking Group plc | 5.985% | 8/7/27 | 85 | 86 | ||
Lloyds Banking Group plc | 5.462% | 1/5/28 | 40 | 40 | ||
Lloyds Banking Group plc | 3.750% | 3/18/28 | 85 | 81 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Lloyds Banking Group plc | 4.375% | 3/22/28 | 140 | 135 | ||
Lloyds Banking Group plc | 4.550% | 8/16/28 | 120 | 116 | ||
1 | Lloyds Banking Group plc | 3.574% | 11/7/28 | 265 | 247 | |
Lloyds Banking Group plc | 5.871% | 3/6/29 | 200 | 202 | ||
Lloyds Banking Group plc | 4.976% | 8/11/33 | 140 | 133 | ||
Lloyds Banking Group plc | 7.953% | 11/15/33 | 180 | 201 | ||
Lloyds Banking Group plc | 5.679% | 1/5/35 | 320 | 316 | ||
Lloyds Banking Group plc | 5.300% | 12/1/45 | 60 | 56 | ||
Lloyds Banking Group plc | 3.369% | 12/14/46 | 220 | 149 | ||
Lloyds Banking Group plc | 4.344% | 1/9/48 | 180 | 141 | ||
LPL Holdings Inc. | 6.750% | 11/17/28 | 95 | 99 | ||
M&T Bank Corp. | 7.413% | 10/30/29 | 95 | 100 | ||
M&T Bank Corp. | 5.053% | 1/27/34 | 140 | 129 | ||
Manufacturers & Traders Trust Co. | 4.650% | 1/27/26 | 290 | 282 | ||
Manufacturers & Traders Trust Co. | 4.700% | 1/27/28 | 150 | 144 | ||
Marsh & McLennan Cos. Inc. | 4.375% | 3/15/29 | 180 | 176 | ||
Marsh & McLennan Cos. Inc. | 2.250% | 11/15/30 | 175 | 148 | ||
Marsh & McLennan Cos. Inc. | 4.900% | 3/15/49 | 150 | 139 | ||
Marsh & McLennan Cos. Inc. | 5.700% | 9/15/53 | 150 | 155 | ||
Mastercard Inc. | 2.000% | 3/3/25 | 10 | 10 | ||
Mastercard Inc. | 2.950% | 11/21/26 | 90 | 86 | ||
Mastercard Inc. | 3.300% | 3/26/27 | 215 | 206 | ||
Mastercard Inc. | 4.875% | 3/9/28 | 170 | 172 | ||
Mastercard Inc. | 2.950% | 6/1/29 | 141 | 129 | ||
Mastercard Inc. | 3.350% | 3/26/30 | 215 | 199 | ||
Mastercard Inc. | 2.000% | 11/18/31 | 110 | 90 | ||
Mastercard Inc. | 3.650% | 6/1/49 | 195 | 155 | ||
Mastercard Inc. | 3.850% | 3/26/50 | 250 | 206 | ||
MetLife Inc. | 4.550% | 3/23/30 | 215 | 210 | ||
MetLife Inc. | 5.375% | 7/15/33 | 125 | 126 | ||
MetLife Inc. | 6.375% | 6/15/34 | 75 | 81 | ||
MetLife Inc. | 5.700% | 6/15/35 | 165 | 171 | ||
1 | MetLife Inc. | 6.400% | 12/15/36 | 140 | 142 | |
MetLife Inc. | 5.875% | 2/6/41 | 90 | 94 | ||
MetLife Inc. | 4.125% | 8/13/42 | 70 | 59 | ||
MetLife Inc. | 4.875% | 11/13/43 | 160 | 147 | ||
MetLife Inc. | 4.050% | 3/1/45 | 190 | 157 | ||
MetLife Inc. | 4.600% | 5/13/46 | 80 | 72 | ||
MetLife Inc. | 5.000% | 7/15/52 | 115 | 107 | ||
MetLife Inc. | 5.250% | 1/15/54 | 110 | 106 | ||
Mitsubishi UFJ Financial Group Inc. | 3.777% | 3/2/25 | 198 | 195 | ||
Mitsubishi UFJ Financial Group Inc. | 1.412% | 7/17/25 | 245 | 232 | ||
Mitsubishi UFJ Financial Group Inc. | 3.850% | 3/1/26 | 250 | 244 | ||
Mitsubishi UFJ Financial Group Inc. | 2.757% | 9/13/26 | 150 | 141 | ||
Mitsubishi UFJ Financial Group Inc. | 3.677% | 2/22/27 | 145 | 140 | ||
Mitsubishi UFJ Financial Group Inc. | 1.538% | 7/20/27 | 355 | 325 | ||
Mitsubishi UFJ Financial Group Inc. | 3.287% | 7/25/27 | 80 | 76 | ||
Mitsubishi UFJ Financial Group Inc. | 1.640% | 10/13/27 | 190 | 173 | ||
Mitsubishi UFJ Financial Group Inc. | 2.341% | 1/19/28 | 375 | 346 | ||
Mitsubishi UFJ Financial Group Inc. | 3.961% | 3/2/28 | 120 | 116 | ||
Mitsubishi UFJ Financial Group Inc. | 4.080% | 4/19/28 | 50 | 48 | ||
Mitsubishi UFJ Financial Group Inc. | 5.017% | 7/20/28 | 220 | 218 | ||
Mitsubishi UFJ Financial Group Inc. | 4.050% | 9/11/28 | 145 | 140 | ||
Mitsubishi UFJ Financial Group Inc. | 5.354% | 9/13/28 | 100 | 100 | ||
Mitsubishi UFJ Financial Group Inc. | 5.422% | 2/22/29 | 100 | 101 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Mitsubishi UFJ Financial Group Inc. | 3.741% | 3/7/29 | 255 | 241 | ||
Mitsubishi UFJ Financial Group Inc. | 3.195% | 7/18/29 | 285 | 259 | ||
Mitsubishi UFJ Financial Group Inc. | 2.559% | 2/25/30 | 140 | 121 | ||
Mitsubishi UFJ Financial Group Inc. | 2.048% | 7/17/30 | 200 | 166 | ||
Mitsubishi UFJ Financial Group Inc. | 2.309% | 7/20/32 | 265 | 217 | ||
Mitsubishi UFJ Financial Group Inc. | 2.494% | 10/13/32 | 180 | 149 | ||
Mitsubishi UFJ Financial Group Inc. | 2.852% | 1/19/33 | 125 | 105 | ||
Mitsubishi UFJ Financial Group Inc. | 5.133% | 7/20/33 | 200 | 198 | ||
Mitsubishi UFJ Financial Group Inc. | 5.472% | 9/13/33 | 120 | 122 | ||
Mitsubishi UFJ Financial Group Inc. | 5.441% | 2/22/34 | 70 | 71 | ||
Mitsubishi UFJ Financial Group Inc. | 5.406% | 4/19/34 | 200 | 202 | ||
Mitsubishi UFJ Financial Group Inc. | 3.751% | 7/18/39 | 170 | 145 | ||
1 | Mizuho Financial Group Inc. | 2.226% | 5/25/26 | 190 | 182 | |
Mizuho Financial Group Inc. | 1.234% | 5/22/27 | 215 | 196 | ||
Mizuho Financial Group Inc. | 1.554% | 7/9/27 | 130 | 119 | ||
Mizuho Financial Group Inc. | 3.170% | 9/11/27 | 135 | 126 | ||
Mizuho Financial Group Inc. | 4.018% | 3/5/28 | 265 | 255 | ||
Mizuho Financial Group Inc. | 5.414% | 9/13/28 | 35 | 35 | ||
Mizuho Financial Group Inc. | 5.667% | 5/27/29 | 40 | 41 | ||
Mizuho Financial Group Inc. | 5.778% | 7/6/29 | 230 | 234 | ||
1 | Mizuho Financial Group Inc. | 4.254% | 9/11/29 | 350 | 335 | |
1 | Mizuho Financial Group Inc. | 3.153% | 7/16/30 | 130 | 117 | |
1 | Mizuho Financial Group Inc. | 2.201% | 7/10/31 | 170 | 141 | |
1 | Mizuho Financial Group Inc. | 1.979% | 9/8/31 | 110 | 89 | |
Mizuho Financial Group Inc. | 2.564% | 9/13/31 | 130 | 105 | ||
Mizuho Financial Group Inc. | 5.669% | 9/13/33 | 95 | 96 | ||
Mizuho Financial Group Inc. | 5.748% | 7/6/34 | 150 | 153 | ||
1 | Morgan Stanley | 4.000% | 7/23/25 | 375 | 369 | |
Morgan Stanley | 5.000% | 11/24/25 | 285 | 283 | ||
1 | Morgan Stanley | 3.875% | 1/27/26 | 410 | 400 | |
1 | Morgan Stanley | 2.188% | 4/28/26 | 405 | 390 | |
Morgan Stanley | 4.679% | 7/17/26 | 200 | 198 | ||
1 | Morgan Stanley | 3.125% | 7/27/26 | 426 | 406 | |
1 | Morgan Stanley | 4.350% | 9/8/26 | 345 | 337 | |
Morgan Stanley | 6.138% | 10/16/26 | 200 | 202 | ||
Morgan Stanley | 0.985% | 12/10/26 | 345 | 318 | ||
Morgan Stanley | 3.625% | 1/20/27 | 591 | 570 | ||
Morgan Stanley | 5.050% | 1/28/27 | 205 | 204 | ||
Morgan Stanley | 3.950% | 4/23/27 | 340 | 327 | ||
Morgan Stanley | 1.593% | 5/4/27 | 440 | 406 | ||
1 | Morgan Stanley | 1.512% | 7/20/27 | 425 | 389 | |
Morgan Stanley | 2.475% | 1/21/28 | 235 | 217 | ||
Morgan Stanley | 4.210% | 4/20/28 | 305 | 295 | ||
1 | Morgan Stanley | 3.591% | 7/22/28 | 460 | 435 | |
Morgan Stanley | 6.296% | 10/18/28 | 335 | 346 | ||
1 | Morgan Stanley | 3.772% | 1/24/29 | 450 | 425 | |
Morgan Stanley | 5.123% | 2/1/29 | 370 | 368 | ||
1 | Morgan Stanley | 5.164% | 4/20/29 | 420 | 417 | |
Morgan Stanley | 5.449% | 7/20/29 | 300 | 301 | ||
Morgan Stanley | 6.407% | 11/1/29 | 270 | 282 | ||
Morgan Stanley | 5.173% | 1/16/30 | 320 | 318 | ||
1 | Morgan Stanley | 4.431% | 1/23/30 | 400 | 384 | |
1 | Morgan Stanley | 2.699% | 1/22/31 | 395 | 342 | |
1 | Morgan Stanley | 3.622% | 4/1/31 | 370 | 336 | |
1 | Morgan Stanley | 1.794% | 2/13/32 | 360 | 285 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Morgan Stanley | 7.250% | 4/1/32 | 175 | 199 | ||
1 | Morgan Stanley | 1.928% | 4/28/32 | 250 | 198 | |
1 | Morgan Stanley | 2.239% | 7/21/32 | 440 | 355 | |
1 | Morgan Stanley | 2.511% | 10/20/32 | 315 | 258 | |
Morgan Stanley | 2.943% | 1/21/33 | 335 | 281 | ||
Morgan Stanley | 4.889% | 7/20/33 | 225 | 216 | ||
Morgan Stanley | 6.342% | 10/18/33 | 435 | 461 | ||
1 | Morgan Stanley | 5.250% | 4/21/34 | 445 | 437 | |
1 | Morgan Stanley | 5.424% | 7/21/34 | 360 | 358 | |
Morgan Stanley | 6.627% | 11/1/34 | 310 | 336 | ||
Morgan Stanley | 5.466% | 1/18/35 | 400 | 400 | ||
Morgan Stanley | 2.484% | 9/16/36 | 510 | 401 | ||
Morgan Stanley | 5.297% | 4/20/37 | 250 | 239 | ||
Morgan Stanley | 5.948% | 1/19/38 | 275 | 274 | ||
1 | Morgan Stanley | 3.971% | 7/22/38 | 225 | 192 | |
1 | Morgan Stanley | 4.457% | 4/22/39 | 145 | 131 | |
Morgan Stanley | 3.217% | 4/22/42 | 300 | 225 | ||
Morgan Stanley | 6.375% | 7/24/42 | 340 | 378 | ||
Morgan Stanley | 4.300% | 1/27/45 | 260 | 225 | ||
Morgan Stanley | 4.375% | 1/22/47 | 260 | 224 | ||
1 | Morgan Stanley | 5.597% | 3/24/51 | 325 | 336 | |
1 | Morgan Stanley | 2.802% | 1/25/52 | 310 | 199 | |
Morgan Stanley Bank NA | 5.479% | 7/16/25 | 100 | 100 | ||
1 | Morgan Stanley Bank NA | 4.754% | 4/21/26 | 395 | 393 | |
1 | Morgan Stanley Bank NA | 5.882% | 10/30/26 | 160 | 163 | |
1 | Morgan Stanley Bank NA | 4.952% | 1/14/28 | 50 | 50 | |
Nasdaq Inc. | 5.350% | 6/28/28 | 130 | 131 | ||
Nasdaq Inc. | 5.550% | 2/15/34 | 155 | 156 | ||
Nasdaq Inc. | 5.950% | 8/15/53 | 120 | 123 | ||
Nasdaq Inc. | 6.100% | 6/28/63 | 85 | 88 | ||
National Australia Bank Ltd. | 5.200% | 5/13/25 | 250 | 250 | ||
National Australia Bank Ltd. | 3.500% | 6/9/25 | 95 | 93 | ||
National Australia Bank Ltd. | 3.375% | 1/14/26 | 200 | 194 | ||
1 | National Australia Bank Ltd. | 2.500% | 7/12/26 | 85 | 80 | |
National Australia Bank Ltd. | 3.905% | 6/9/27 | 40 | 39 | ||
National Australia Bank Ltd. | 4.944% | 1/12/28 | 400 | 400 | ||
National Australia Bank Ltd. | 4.787% | 1/10/29 | 250 | 248 | ||
National Bank of Canada | 5.600% | 12/18/28 | 150 | 151 | ||
NatWest Group plc | 4.800% | 4/5/26 | 310 | 306 | ||
NatWest Group plc | 7.472% | 11/10/26 | 100 | 103 | ||
NatWest Group plc | 5.847% | 3/2/27 | 85 | 85 | ||
NatWest Group plc | 1.642% | 6/14/27 | 100 | 91 | ||
NatWest Group plc | 5.583% | 3/1/28 | 200 | 200 | ||
1 | NatWest Group plc | 3.073% | 5/22/28 | 280 | 260 | |
NatWest Group plc | 5.516% | 9/30/28 | 25 | 25 | ||
1 | NatWest Group plc | 4.892% | 5/18/29 | 275 | 268 | |
NatWest Group plc | 5.808% | 9/13/29 | 200 | 202 | ||
1 | NatWest Group plc | 5.076% | 1/27/30 | 380 | 372 | |
1 | NatWest Group plc | 4.445% | 5/8/30 | 175 | 166 | |
NatWest Group plc | 6.016% | 3/2/34 | 125 | 127 | ||
3 | NatWest Group plc | 6.475% | 6/1/34 | 200 | 200 | |
NatWest Group plc | 5.778% | 3/1/35 | 205 | 205 | ||
1 | NatWest Group plc | 3.032% | 11/28/35 | 80 | 66 | |
Nomura Holdings Inc. | 5.099% | 7/3/25 | 111 | 110 | ||
Nomura Holdings Inc. | 1.851% | 7/16/25 | 215 | 204 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Nomura Holdings Inc. | 1.653% | 7/14/26 | 210 | 192 | ||
Nomura Holdings Inc. | 2.329% | 1/22/27 | 215 | 197 | ||
Nomura Holdings Inc. | 6.070% | 7/12/28 | 100 | 102 | ||
Nomura Holdings Inc. | 2.172% | 7/14/28 | 150 | 131 | ||
Nomura Holdings Inc. | 3.103% | 1/16/30 | 165 | 145 | ||
Nomura Holdings Inc. | 2.679% | 7/16/30 | 140 | 118 | ||
Nomura Holdings Inc. | 2.608% | 7/14/31 | 130 | 107 | ||
Nomura Holdings Inc. | 2.999% | 1/22/32 | 105 | 87 | ||
Nomura Holdings Inc. | 6.181% | 1/18/33 | 135 | 141 | ||
Northern Trust Corp. | 3.950% | 10/30/25 | 115 | 113 | ||
Northern Trust Corp. | 4.000% | 5/10/27 | 205 | 199 | ||
Northern Trust Corp. | 1.950% | 5/1/30 | 120 | 101 | ||
Northern Trust Corp. | 6.125% | 11/2/32 | 135 | 142 | ||
PayPal Holdings Inc. | 1.650% | 6/1/25 | 130 | 124 | ||
PayPal Holdings Inc. | 2.650% | 10/1/26 | 180 | 170 | ||
PayPal Holdings Inc. | 2.850% | 10/1/29 | 150 | 134 | ||
PayPal Holdings Inc. | 2.300% | 6/1/30 | 140 | 119 | ||
PayPal Holdings Inc. | 4.400% | 6/1/32 | 115 | 110 | ||
PayPal Holdings Inc. | 3.250% | 6/1/50 | 285 | 198 | ||
PayPal Holdings Inc. | 5.050% | 6/1/52 | 60 | 56 | ||
1 | PNC Bank NA | 3.100% | 10/25/27 | 60 | 56 | |
1 | PNC Bank NA | 4.050% | 7/26/28 | 205 | 194 | |
1 | PNC Bank NA | 2.700% | 10/22/29 | 95 | 82 | |
PNC Financial Services Group Inc. | 5.812% | 6/12/26 | 117 | 117 | ||
PNC Financial Services Group Inc. | 2.600% | 7/23/26 | 220 | 207 | ||
PNC Financial Services Group Inc. | 4.758% | 1/26/27 | 210 | 208 | ||
PNC Financial Services Group Inc. | 3.150% | 5/19/27 | 161 | 152 | ||
PNC Financial Services Group Inc. | 6.615% | 10/20/27 | 175 | 180 | ||
PNC Financial Services Group Inc. | 5.300% | 1/21/28 | 125 | 125 | ||
PNC Financial Services Group Inc. | 5.354% | 12/2/28 | 150 | 150 | ||
PNC Financial Services Group Inc. | 3.450% | 4/23/29 | 260 | 240 | ||
PNC Financial Services Group Inc. | 5.582% | 6/12/29 | 370 | 372 | ||
PNC Financial Services Group Inc. | 2.550% | 1/22/30 | 225 | 193 | ||
PNC Financial Services Group Inc. | 2.307% | 4/23/32 | 80 | 65 | ||
PNC Financial Services Group Inc. | 4.626% | 6/6/33 | 85 | 79 | ||
PNC Financial Services Group Inc. | 6.037% | 10/28/33 | 190 | 195 | ||
PNC Financial Services Group Inc. | 5.068% | 1/24/34 | 200 | 192 | ||
PNC Financial Services Group Inc. | 5.939% | 8/18/34 | 85 | 87 | ||
PNC Financial Services Group Inc. | 6.875% | 10/20/34 | 300 | 325 | ||
PNC Financial Services Group Inc. | 5.676% | 1/22/35 | 220 | 221 | ||
Progressive Corp. | 4.125% | 4/15/47 | 210 | 176 | ||
1 | Prudential Financial Inc. | 5.700% | 12/14/36 | 200 | 206 | |
1 | Prudential Financial Inc. | 5.375% | 5/15/45 | 90 | 89 | |
1 | Prudential Financial Inc. | 4.500% | 9/15/47 | 50 | 47 | |
Prudential Financial Inc. | 3.905% | 12/7/47 | 145 | 114 | ||
1 | Prudential Financial Inc. | 5.700% | 9/15/48 | 130 | 127 | |
Prudential Financial Inc. | 3.935% | 12/7/49 | 200 | 157 | ||
1 | Prudential Financial Inc. | 4.350% | 2/25/50 | 145 | 123 | |
1 | Prudential Financial Inc. | 3.700% | 10/1/50 | 35 | 31 | |
1 | Prudential Financial Inc. | 3.700% | 3/13/51 | 205 | 156 | |
Prudential Financial Inc. | 5.125% | 3/1/52 | 220 | 206 | ||
Prudential Financial Inc. | 6.000% | 9/1/52 | 100 | 100 | ||
Prudential Funding Asia plc | 3.125% | 4/14/30 | 140 | 125 | ||
Raymond James Financial Inc. | 4.950% | 7/15/46 | 110 | 101 | ||
Raymond James Financial Inc. | 3.750% | 4/1/51 | 140 | 104 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Regions Financial Corp. | 2.250% | 5/18/25 | 115 | 110 | ||
RenaissanceRe Holdings Ltd. | 5.750% | 6/5/33 | 110 | 111 | ||
Royal Bank of Canada | 3.375% | 4/14/25 | 115 | 113 | ||
1 | Royal Bank of Canada | 4.950% | 4/25/25 | 225 | 224 | |
1 | Royal Bank of Canada | 1.150% | 6/10/25 | 245 | 233 | |
1 | Royal Bank of Canada | 4.875% | 1/12/26 | 155 | 154 | |
1 | Royal Bank of Canada | 0.875% | 1/20/26 | 190 | 176 | |
1 | Royal Bank of Canada | 4.650% | 1/27/26 | 145 | 144 | |
Royal Bank of Canada | 1.200% | 4/27/26 | 215 | 198 | ||
1 | Royal Bank of Canada | 1.150% | 7/14/26 | 210 | 192 | |
1 | Royal Bank of Canada | 5.200% | 7/20/26 | 50 | 50 | |
1 | Royal Bank of Canada | 1.400% | 11/2/26 | 164 | 149 | |
1 | Royal Bank of Canada | 4.875% | 1/19/27 | 145 | 144 | |
Royal Bank of Canada | 3.625% | 5/4/27 | 245 | 235 | ||
1 | Royal Bank of Canada | 4.240% | 8/3/27 | 210 | 205 | |
1 | Royal Bank of Canada | 6.000% | 11/1/27 | 165 | 170 | |
1 | Royal Bank of Canada | 4.900% | 1/12/28 | 165 | 164 | |
1 | Royal Bank of Canada | 5.200% | 8/1/28 | 75 | 75 | |
1 | Royal Bank of Canada | 4.950% | 2/1/29 | 100 | 99 | |
1 | Royal Bank of Canada | 2.300% | 11/3/31 | 170 | 139 | |
Royal Bank of Canada | 3.875% | 5/4/32 | 95 | 87 | ||
1 | Royal Bank of Canada | 5.000% | 2/1/33 | 220 | 216 | |
1 | Royal Bank of Canada | 5.000% | 5/2/33 | 105 | 103 | |
1 | Royal Bank of Canada | 5.150% | 2/1/34 | 205 | 202 | |
Santander Holdings USA Inc. | 3.450% | 6/2/25 | 215 | 209 | ||
Santander Holdings USA Inc. | 4.500% | 7/17/25 | 120 | 118 | ||
Santander Holdings USA Inc. | 3.244% | 10/5/26 | 115 | 108 | ||
Santander Holdings USA Inc. | 4.400% | 7/13/27 | 150 | 144 | ||
Santander Holdings USA Inc. | 2.490% | 1/6/28 | 210 | 190 | ||
Santander Holdings USA Inc. | 6.499% | 3/9/29 | 95 | 96 | ||
Santander Holdings USA Inc. | 6.174% | 1/9/30 | 100 | 100 | ||
1 | Santander UK Group Holdings plc | 1.532% | 8/21/26 | 150 | 141 | |
Santander UK Group Holdings plc | 6.833% | 11/21/26 | 200 | 203 | ||
Santander UK Group Holdings plc | 1.673% | 6/14/27 | 215 | 195 | ||
Santander UK Group Holdings plc | 2.469% | 1/11/28 | 205 | 187 | ||
1 | Santander UK Group Holdings plc | 3.823% | 11/3/28 | 195 | 182 | |
Santander UK Group Holdings plc | 6.534% | 1/10/29 | 80 | 82 | ||
State Street Corp. | 3.550% | 8/18/25 | 170 | 167 | ||
State Street Corp. | 5.104% | 5/18/26 | 125 | 125 | ||
State Street Corp. | 2.650% | 5/19/26 | 75 | 71 | ||
State Street Corp. | 5.272% | 8/3/26 | 115 | 115 | ||
State Street Corp. | 5.684% | 11/21/29 | 125 | 128 | ||
State Street Corp. | 2.400% | 1/24/30 | 240 | 210 | ||
State Street Corp. | 2.200% | 3/3/31 | 90 | 74 | ||
State Street Corp. | 4.164% | 8/4/33 | 95 | 88 | ||
State Street Corp. | 4.821% | 1/26/34 | 75 | 72 | ||
State Street Corp. | 5.159% | 5/18/34 | 110 | 109 | ||
Sumitomo Mitsui Financial Group Inc. | 1.474% | 7/8/25 | 305 | 290 | ||
Sumitomo Mitsui Financial Group Inc. | 0.948% | 1/12/26 | 155 | 143 | ||
Sumitomo Mitsui Financial Group Inc. | 5.464% | 1/13/26 | 240 | 241 | ||
Sumitomo Mitsui Financial Group Inc. | 3.784% | 3/9/26 | 280 | 272 | ||
Sumitomo Mitsui Financial Group Inc. | 5.880% | 7/13/26 | 50 | 51 | ||
Sumitomo Mitsui Financial Group Inc. | 2.632% | 7/14/26 | 325 | 307 | ||
Sumitomo Mitsui Financial Group Inc. | 1.402% | 9/17/26 | 525 | 478 | ||
Sumitomo Mitsui Financial Group Inc. | 3.010% | 10/19/26 | 220 | 208 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Sumitomo Mitsui Financial Group Inc. | 3.446% | 1/11/27 | 110 | 105 | ||
Sumitomo Mitsui Financial Group Inc. | 3.364% | 7/12/27 | 200 | 190 | ||
Sumitomo Mitsui Financial Group Inc. | 3.352% | 10/18/27 | 150 | 142 | ||
Sumitomo Mitsui Financial Group Inc. | 5.520% | 1/13/28 | 150 | 152 | ||
Sumitomo Mitsui Financial Group Inc. | 3.544% | 1/17/28 | 160 | 152 | ||
Sumitomo Mitsui Financial Group Inc. | 5.800% | 7/13/28 | 200 | 205 | ||
Sumitomo Mitsui Financial Group Inc. | 3.944% | 7/19/28 | 85 | 81 | ||
Sumitomo Mitsui Financial Group Inc. | 5.716% | 9/14/28 | 170 | 174 | ||
Sumitomo Mitsui Financial Group Inc. | 1.902% | 9/17/28 | 245 | 213 | ||
Sumitomo Mitsui Financial Group Inc. | 3.040% | 7/16/29 | 405 | 364 | ||
Sumitomo Mitsui Financial Group Inc. | 5.710% | 1/13/30 | 185 | 190 | ||
Sumitomo Mitsui Financial Group Inc. | 2.750% | 1/15/30 | 100 | 87 | ||
Sumitomo Mitsui Financial Group Inc. | 2.130% | 7/8/30 | 290 | 241 | ||
Sumitomo Mitsui Financial Group Inc. | 2.142% | 9/23/30 | 205 | 168 | ||
Sumitomo Mitsui Financial Group Inc. | 2.222% | 9/17/31 | 101 | 82 | ||
Sumitomo Mitsui Financial Group Inc. | 5.766% | 1/13/33 | 240 | 248 | ||
Sumitomo Mitsui Financial Group Inc. | 5.808% | 9/14/33 | 35 | 36 | ||
Sumitomo Mitsui Financial Group Inc. | 2.930% | 9/17/41 | 55 | 41 | ||
Sumitomo Mitsui Financial Group Inc. | 6.184% | 7/13/43 | 200 | 219 | ||
1 | Synchrony Bank | 5.400% | 8/22/25 | 250 | 247 | |
Synchrony Financial | 4.875% | 6/13/25 | 45 | 44 | ||
Synchrony Financial | 4.500% | 7/23/25 | 117 | 114 | ||
Synchrony Financial | 3.950% | 12/1/27 | 150 | 139 | ||
Synchrony Financial | 2.875% | 10/28/31 | 90 | 71 | ||
Toronto-Dominion Bank | 3.766% | 6/6/25 | 330 | 324 | ||
1 | Toronto-Dominion Bank | 1.150% | 6/12/25 | 90 | 85 | |
1 | Toronto-Dominion Bank | 0.750% | 9/11/25 | 240 | 225 | |
1 | Toronto-Dominion Bank | 0.750% | 1/6/26 | 235 | 217 | |
Toronto-Dominion Bank | 5.103% | 1/9/26 | 140 | 140 | ||
1 | Toronto-Dominion Bank | 1.200% | 6/3/26 | 180 | 165 | |
1 | Toronto-Dominion Bank | 5.532% | 7/17/26 | 185 | 187 | |
1 | Toronto-Dominion Bank | 1.250% | 9/10/26 | 160 | 146 | |
1 | Toronto-Dominion Bank | 1.950% | 1/12/27 | 160 | 147 | |
1 | Toronto-Dominion Bank | 2.800% | 3/10/27 | 205 | 192 | |
Toronto-Dominion Bank | 4.108% | 6/8/27 | 190 | 184 | ||
1 | Toronto-Dominion Bank | 4.693% | 9/15/27 | 220 | 218 | |
Toronto-Dominion Bank | 5.156% | 1/10/28 | 105 | 105 | ||
1 | Toronto-Dominion Bank | 5.523% | 7/17/28 | 160 | 163 | |
1 | Toronto-Dominion Bank | 2.000% | 9/10/31 | 200 | 163 | |
1 | Toronto-Dominion Bank | 3.625% | 9/15/31 | 225 | 215 | |
1 | Toronto-Dominion Bank | 3.200% | 3/10/32 | 165 | 144 | |
Toronto-Dominion Bank | 4.456% | 6/8/32 | 210 | 200 | ||
1 | Travelers Cos. Inc. | 6.250% | 6/15/37 | 140 | 154 | |
Travelers Cos. Inc. | 5.350% | 11/1/40 | 55 | 56 | ||
Travelers Cos. Inc. | 3.050% | 6/8/51 | 110 | 75 | ||
Travelers Cos. Inc. | 5.450% | 5/25/53 | 90 | 92 | ||
1 | Truist Bank | 1.500% | 3/10/25 | 180 | 173 | |
1 | Truist Bank | 3.625% | 9/16/25 | 155 | 150 | |
1 | Truist Bank | 3.300% | 5/15/26 | 170 | 162 | |
1 | Truist Bank | 3.800% | 10/30/26 | 155 | 148 | |
1 | Truist Bank | 2.250% | 3/11/30 | 145 | 119 | |
Truist Financial Corp. | 4.000% | 5/1/25 | 82 | 81 | ||
1 | Truist Financial Corp. | 3.700% | 6/5/25 | 140 | 137 | |
1 | Truist Financial Corp. | 1.200% | 8/5/25 | 135 | 127 | |
1 | Truist Financial Corp. | 4.260% | 7/28/26 | 145 | 142 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Truist Financial Corp. | 5.900% | 10/28/26 | 70 | 70 | |
1 | Truist Financial Corp. | 1.267% | 3/2/27 | 135 | 124 | |
1 | Truist Financial Corp. | 6.047% | 6/8/27 | 130 | 131 | |
1 | Truist Financial Corp. | 1.125% | 8/3/27 | 10 | 9 | |
1 | Truist Financial Corp. | 4.123% | 6/6/28 | 60 | 58 | |
1 | Truist Financial Corp. | 4.873% | 1/26/29 | 195 | 190 | |
1 | Truist Financial Corp. | 1.887% | 6/7/29 | 190 | 163 | |
1 | Truist Financial Corp. | 7.161% | 10/30/29 | 240 | 254 | |
1 | Truist Financial Corp. | 5.435% | 1/24/30 | 240 | 238 | |
1 | Truist Financial Corp. | 1.950% | 6/5/30 | 85 | 69 | |
1 | Truist Financial Corp. | 4.916% | 7/28/33 | 125 | 115 | |
1 | Truist Financial Corp. | 6.123% | 10/28/33 | 365 | 371 | |
1 | Truist Financial Corp. | 5.122% | 1/26/34 | 130 | 123 | |
1 | Truist Financial Corp. | 5.867% | 6/8/34 | 180 | 180 | |
1 | Truist Financial Corp. | 5.711% | 1/24/35 | 255 | 253 | |
UBS AG | 5.800% | 9/11/25 | 45 | 45 | ||
UBS AG | 1.250% | 6/1/26 | 45 | 41 | ||
UBS AG | 5.650% | 9/11/28 | 200 | 204 | ||
UBS AG | 4.500% | 6/26/48 | 150 | 137 | ||
UBS Group AG | 3.750% | 3/26/25 | 305 | 299 | ||
UBS Group AG | 4.550% | 4/17/26 | 290 | 285 | ||
UBS Group AG | 4.875% | 5/15/45 | 310 | 286 | ||
US Bancorp | 1.450% | 5/12/25 | 100 | 96 | ||
1 | US Bancorp | 3.950% | 11/17/25 | 260 | 254 | |
1 | US Bancorp | 3.100% | 4/27/26 | 205 | 196 | |
1 | US Bancorp | 2.375% | 7/22/26 | 155 | 145 | |
US Bancorp | 5.727% | 10/21/26 | 240 | 241 | ||
1 | US Bancorp | 3.150% | 4/27/27 | 170 | 161 | |
US Bancorp | 6.787% | 10/26/27 | 50 | 52 | ||
1 | US Bancorp | 2.215% | 1/27/28 | 150 | 137 | |
1 | US Bancorp | 3.900% | 4/26/28 | 155 | 148 | |
1 | US Bancorp | 4.548% | 7/22/28 | 195 | 190 | |
US Bancorp | 4.653% | 2/1/29 | 140 | 136 | ||
US Bancorp | 5.775% | 6/12/29 | 195 | 197 | ||
1 | US Bancorp | 3.000% | 7/30/29 | 135 | 120 | |
US Bancorp | 5.384% | 1/23/30 | 275 | 273 | ||
1 | US Bancorp | 1.375% | 7/22/30 | 168 | 133 | |
1 | US Bancorp | 2.677% | 1/27/33 | 95 | 78 | |
1 | US Bancorp | 4.967% | 7/22/33 | 175 | 164 | |
US Bancorp | 5.850% | 10/21/33 | 475 | 480 | ||
US Bancorp | 4.839% | 2/1/34 | 195 | 184 | ||
US Bancorp | 5.836% | 6/12/34 | 185 | 186 | ||
US Bancorp | 5.678% | 1/23/35 | 245 | 244 | ||
US Bancorp | 2.491% | 11/3/36 | 195 | 151 | ||
Visa Inc. | 3.150% | 12/14/25 | 490 | 475 | ||
Visa Inc. | 1.900% | 4/15/27 | 285 | 262 | ||
Visa Inc. | 2.750% | 9/15/27 | 235 | 220 | ||
Visa Inc. | 2.050% | 4/15/30 | 215 | 184 | ||
Visa Inc. | 1.100% | 2/15/31 | 180 | 142 | ||
Visa Inc. | 4.150% | 12/14/35 | 325 | 305 | ||
Visa Inc. | 2.700% | 4/15/40 | 70 | 52 | ||
Visa Inc. | 4.300% | 12/14/45 | 425 | 379 | ||
Visa Inc. | 3.650% | 9/15/47 | 130 | 103 | ||
Visa Inc. | 2.000% | 8/15/50 | 160 | 93 | ||
Wachovia Corp. | 5.500% | 8/1/35 | 150 | 148 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Wells Fargo & Co. | 3.550% | 9/29/25 | 770 | 750 | |
Wells Fargo & Co. | 3.000% | 4/22/26 | 435 | 415 | ||
1 | Wells Fargo & Co. | 3.908% | 4/25/26 | 335 | 329 | |
1 | Wells Fargo & Co. | 2.188% | 4/30/26 | 315 | 302 | |
1 | Wells Fargo & Co. | 4.100% | 6/3/26 | 240 | 234 | |
1 | Wells Fargo & Co. | 4.540% | 8/15/26 | 150 | 148 | |
Wells Fargo & Co. | 3.000% | 10/23/26 | 445 | 420 | ||
1 | Wells Fargo & Co. | 3.196% | 6/17/27 | 350 | 333 | |
1 | Wells Fargo & Co. | 4.300% | 7/22/27 | 350 | 340 | |
1 | Wells Fargo & Co. | 3.526% | 3/24/28 | 655 | 621 | |
1 | Wells Fargo & Co. | 3.584% | 5/22/28 | 280 | 265 | |
1 | Wells Fargo & Co. | 2.393% | 6/2/28 | 600 | 547 | |
1 | Wells Fargo & Co. | 4.808% | 7/25/28 | 360 | 354 | |
1 | Wells Fargo & Co. | 4.150% | 1/24/29 | 270 | 258 | |
1 | Wells Fargo & Co. | 5.574% | 7/25/29 | 500 | 504 | |
Wells Fargo & Co. | 6.303% | 10/23/29 | 340 | 352 | ||
Wells Fargo & Co. | 5.198% | 1/23/30 | 305 | 302 | ||
1 | Wells Fargo & Co. | 2.879% | 10/30/30 | 500 | 438 | |
1 | Wells Fargo & Co. | 2.572% | 2/11/31 | 385 | 328 | |
1 | Wells Fargo & Co. | 4.478% | 4/4/31 | 325 | 309 | |
1 | Wells Fargo & Co. | 3.350% | 3/2/33 | 470 | 403 | |
1 | Wells Fargo & Co. | 4.897% | 7/25/33 | 520 | 498 | |
Wells Fargo & Co. | 5.389% | 4/24/34 | 540 | 531 | ||
1 | Wells Fargo & Co. | 5.557% | 7/25/34 | 555 | 553 | |
Wells Fargo & Co. | 6.491% | 10/23/34 | 420 | 447 | ||
Wells Fargo & Co. | 5.499% | 1/23/35 | 445 | 442 | ||
1 | Wells Fargo & Co. | 3.068% | 4/30/41 | 480 | 355 | |
Wells Fargo & Co. | 5.375% | 11/2/43 | 280 | 267 | ||
Wells Fargo & Co. | 5.606% | 1/15/44 | 365 | 355 | ||
1 | Wells Fargo & Co. | 4.650% | 11/4/44 | 230 | 198 | |
Wells Fargo & Co. | 3.900% | 5/1/45 | 285 | 228 | ||
1 | Wells Fargo & Co. | 4.900% | 11/17/45 | 260 | 231 | |
1 | Wells Fargo & Co. | 4.400% | 6/14/46 | 265 | 217 | |
1 | Wells Fargo & Co. | 4.750% | 12/7/46 | 265 | 229 | |
1 | Wells Fargo & Co. | 5.013% | 4/4/51 | 830 | 768 | |
1 | Wells Fargo & Co. | 4.611% | 4/25/53 | 510 | 445 | |
1 | Wells Fargo Bank NA | 5.550% | 8/1/25 | 300 | 301 | |
Wells Fargo Bank NA | 4.811% | 1/15/26 | 50 | 50 | ||
1 | Wells Fargo Bank NA | 5.450% | 8/7/26 | 265 | 267 | |
Wells Fargo Bank NA | 5.254% | 12/11/26 | 250 | 251 | ||
1 | Wells Fargo Bank NA | 5.850% | 2/1/37 | 165 | 169 | |
1 | Wells Fargo Bank NA | 6.600% | 1/15/38 | 175 | 189 | |
Westpac Banking Corp. | 5.512% | 11/17/25 | 210 | 212 | ||
Westpac Banking Corp. | 2.850% | 5/13/26 | 205 | 196 | ||
Westpac Banking Corp. | 1.150% | 6/3/26 | 275 | 253 | ||
Westpac Banking Corp. | 2.700% | 8/19/26 | 130 | 123 | ||
Westpac Banking Corp. | 3.350% | 3/8/27 | 180 | 172 | ||
Westpac Banking Corp. | 4.043% | 8/26/27 | 50 | 49 | ||
Westpac Banking Corp. | 5.457% | 11/18/27 | 315 | 320 | ||
Westpac Banking Corp. | 3.400% | 1/25/28 | 50 | 47 | ||
Westpac Banking Corp. | 5.535% | 11/17/28 | 135 | 138 | ||
Westpac Banking Corp. | 1.953% | 11/20/28 | 280 | 246 | ||
Westpac Banking Corp. | 2.650% | 1/16/30 | 95 | 84 | ||
1 | Westpac Banking Corp. | 2.894% | 2/4/30 | 63 | 61 | |
Westpac Banking Corp. | 2.150% | 6/3/31 | 80 | 66 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Westpac Banking Corp. | 4.322% | 11/23/31 | 305 | 293 | |
Westpac Banking Corp. | 5.405% | 8/10/33 | 120 | 117 | ||
Westpac Banking Corp. | 6.820% | 11/17/33 | 145 | 156 | ||
Westpac Banking Corp. | 4.110% | 7/24/34 | 125 | 114 | ||
Westpac Banking Corp. | 2.668% | 11/15/35 | 200 | 163 | ||
Westpac Banking Corp. | 3.020% | 11/18/36 | 205 | 167 | ||
Westpac Banking Corp. | 4.421% | 7/24/39 | 120 | 104 | ||
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 | 205 | 201 | ||
Willis North America Inc. | 5.350% | 5/15/33 | 80 | 79 | ||
3 | Willis North America Inc. | 5.900% | 3/5/54 | 105 | 105 | |
221,430 | ||||||
Health Care (15.5%) | ||||||
Abbott Laboratories | 2.950% | 3/15/25 | 190 | 186 | ||
Abbott Laboratories | 3.750% | 11/30/26 | 340 | 331 | ||
Abbott Laboratories | 4.750% | 11/30/36 | 210 | 206 | ||
Abbott Laboratories | 4.900% | 11/30/46 | 390 | 376 | ||
AbbVie Inc. | 3.800% | 3/15/25 | 415 | 407 | ||
AbbVie Inc. | 3.600% | 5/14/25 | 527 | 516 | ||
AbbVie Inc. | 3.200% | 5/14/26 | 215 | 207 | ||
AbbVie Inc. | 2.950% | 11/21/26 | 564 | 535 | ||
AbbVie Inc. | 4.800% | 3/15/27 | 275 | 274 | ||
AbbVie Inc. | 4.250% | 11/14/28 | 180 | 176 | ||
AbbVie Inc. | 4.800% | 3/15/29 | 400 | 398 | ||
AbbVie Inc. | 3.200% | 11/21/29 | 620 | 567 | ||
AbbVie Inc. | 4.950% | 3/15/31 | 200 | 200 | ||
AbbVie Inc. | 5.050% | 3/15/34 | 425 | 427 | ||
AbbVie Inc. | 4.550% | 3/15/35 | 290 | 278 | ||
AbbVie Inc. | 4.500% | 5/14/35 | 415 | 396 | ||
AbbVie Inc. | 4.300% | 5/14/36 | 135 | 126 | ||
AbbVie Inc. | 4.050% | 11/21/39 | 445 | 391 | ||
AbbVie Inc. | 4.400% | 11/6/42 | 400 | 358 | ||
AbbVie Inc. | 4.850% | 6/15/44 | 135 | 128 | ||
AbbVie Inc. | 4.750% | 3/15/45 | 170 | 157 | ||
AbbVie Inc. | 4.700% | 5/14/45 | 380 | 350 | ||
AbbVie Inc. | 4.450% | 5/14/46 | 320 | 283 | ||
AbbVie Inc. | 4.875% | 11/14/48 | 255 | 241 | ||
AbbVie Inc. | 4.250% | 11/21/49 | 725 | 624 | ||
AbbVie Inc. | 5.400% | 3/15/54 | 425 | 432 | ||
AbbVie Inc. | 5.500% | 3/15/64 | 225 | 227 | ||
Aetna Inc. | 6.625% | 6/15/36 | 100 | 109 | ||
Aetna Inc. | 3.875% | 8/15/47 | 150 | 111 | ||
Agilent Technologies Inc. | 2.300% | 3/12/31 | 105 | 88 | ||
Amgen Inc. | 5.250% | 3/2/25 | 300 | 299 | ||
Amgen Inc. | 3.125% | 5/1/25 | 155 | 151 | ||
Amgen Inc. | 5.507% | 3/2/26 | 80 | 80 | ||
Amgen Inc. | 2.600% | 8/19/26 | 195 | 184 | ||
Amgen Inc. | 2.200% | 2/21/27 | 285 | 263 | ||
Amgen Inc. | 3.200% | 11/2/27 | 225 | 211 | ||
Amgen Inc. | 5.150% | 3/2/28 | 505 | 506 | ||
Amgen Inc. | 1.650% | 8/15/28 | 160 | 139 | ||
Amgen Inc. | 3.000% | 2/22/29 | 105 | 96 | ||
Amgen Inc. | 4.050% | 8/18/29 | 150 | 143 | ||
Amgen Inc. | 2.450% | 2/21/30 | 175 | 152 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Amgen Inc. | 5.250% | 3/2/30 | 385 | 388 | ||
Amgen Inc. | 2.300% | 2/25/31 | 185 | 155 | ||
Amgen Inc. | 2.000% | 1/15/32 | 125 | 100 | ||
Amgen Inc. | 3.350% | 2/22/32 | 95 | 84 | ||
Amgen Inc. | 4.200% | 3/1/33 | 50 | 46 | ||
Amgen Inc. | 5.250% | 3/2/33 | 575 | 573 | ||
Amgen Inc. | 3.150% | 2/21/40 | 315 | 236 | ||
Amgen Inc. | 2.800% | 8/15/41 | 140 | 100 | ||
Amgen Inc. | 5.600% | 3/2/43 | 370 | 371 | ||
Amgen Inc. | 4.400% | 5/1/45 | 316 | 270 | ||
Amgen Inc. | 4.563% | 6/15/48 | 170 | 147 | ||
Amgen Inc. | 3.375% | 2/21/50 | 240 | 171 | ||
Amgen Inc. | 4.663% | 6/15/51 | 475 | 412 | ||
Amgen Inc. | 3.000% | 1/15/52 | 210 | 140 | ||
Amgen Inc. | 4.200% | 2/22/52 | 215 | 174 | ||
Amgen Inc. | 4.875% | 3/1/53 | 110 | 99 | ||
Amgen Inc. | 5.650% | 3/2/53 | 620 | 620 | ||
Amgen Inc. | 2.770% | 9/1/53 | 125 | 76 | ||
Amgen Inc. | 4.400% | 2/22/62 | 110 | 88 | ||
Amgen Inc. | 5.750% | 3/2/63 | 415 | 415 | ||
AstraZeneca Finance LLC | 1.200% | 5/28/26 | 130 | 120 | ||
AstraZeneca Finance LLC | 4.800% | 2/26/27 | 175 | 175 | ||
AstraZeneca Finance LLC | 4.875% | 3/3/28 | 135 | 135 | ||
AstraZeneca Finance LLC | 1.750% | 5/28/28 | 145 | 128 | ||
AstraZeneca Finance LLC | 4.850% | 2/26/29 | 175 | 175 | ||
AstraZeneca Finance LLC | 4.900% | 2/26/31 | 150 | 150 | ||
AstraZeneca Finance LLC | 2.250% | 5/28/31 | 110 | 92 | ||
AstraZeneca Finance LLC | 5.000% | 2/26/34 | 200 | 201 | ||
AstraZeneca plc | 3.375% | 11/16/25 | 326 | 317 | ||
AstraZeneca plc | 0.700% | 4/8/26 | 125 | 114 | ||
AstraZeneca plc | 3.125% | 6/12/27 | 165 | 157 | ||
AstraZeneca plc | 4.000% | 1/17/29 | 145 | 140 | ||
AstraZeneca plc | 1.375% | 8/6/30 | 185 | 150 | ||
AstraZeneca plc | 6.450% | 9/15/37 | 350 | 394 | ||
AstraZeneca plc | 4.000% | 9/18/42 | 145 | 124 | ||
AstraZeneca plc | 4.375% | 11/16/45 | 130 | 115 | ||
AstraZeneca plc | 4.375% | 8/17/48 | 107 | 95 | ||
AstraZeneca plc | 3.000% | 5/28/51 | 232 | 160 | ||
Baxalta Inc. | 4.000% | 6/23/25 | 205 | 201 | ||
Baxter International Inc. | 2.600% | 8/15/26 | 116 | 109 | ||
Baxter International Inc. | 1.915% | 2/1/27 | 165 | 150 | ||
Baxter International Inc. | 2.272% | 12/1/28 | 175 | 153 | ||
Baxter International Inc. | 2.539% | 2/1/32 | 190 | 156 | ||
Baxter International Inc. | 3.132% | 12/1/51 | 125 | 81 | ||
Becton Dickinson & Co. | 3.734% | 12/15/24 | 100 | 98 | ||
Becton Dickinson & Co. | 3.700% | 6/6/27 | 264 | 253 | ||
Becton Dickinson & Co. | 4.693% | 2/13/28 | 35 | 34 | ||
Becton Dickinson & Co. | 2.823% | 5/20/30 | 150 | 132 | ||
Becton Dickinson & Co. | 1.957% | 2/11/31 | 140 | 114 | ||
Becton Dickinson & Co. | 4.685% | 12/15/44 | 80 | 72 | ||
Becton Dickinson & Co. | 4.669% | 6/6/47 | 250 | 221 | ||
Biogen Inc. | 4.050% | 9/15/25 | 130 | 127 | ||
Biogen Inc. | 2.250% | 5/1/30 | 520 | 435 | ||
Biogen Inc. | 5.200% | 9/15/45 | 30 | 28 | ||
Biogen Inc. | 3.150% | 5/1/50 | 215 | 142 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Bio-Rad Laboratories Inc. | 3.700% | 3/15/32 | 160 | 143 | ||
Boston Scientific Corp. | 2.650% | 6/1/30 | 235 | 206 | ||
Bristol-Myers Squibb Co. | 0.750% | 11/13/25 | 180 | 167 | ||
Bristol-Myers Squibb Co. | 4.950% | 2/20/26 | 200 | 200 | ||
Bristol-Myers Squibb Co. | 3.200% | 6/15/26 | 247 | 238 | ||
Bristol-Myers Squibb Co. | 4.900% | 2/22/27 | 200 | 200 | ||
Bristol-Myers Squibb Co. | 1.125% | 11/13/27 | 145 | 127 | ||
Bristol-Myers Squibb Co. | 3.900% | 2/20/28 | 190 | 183 | ||
Bristol-Myers Squibb Co. | 4.900% | 2/22/29 | 250 | 249 | ||
Bristol-Myers Squibb Co. | 3.400% | 7/26/29 | 282 | 263 | ||
Bristol-Myers Squibb Co. | 1.450% | 11/13/30 | 110 | 88 | ||
Bristol-Myers Squibb Co. | 5.750% | 2/1/31 | 100 | 104 | ||
Bristol-Myers Squibb Co. | 5.100% | 2/22/31 | 200 | 201 | ||
Bristol-Myers Squibb Co. | 2.950% | 3/15/32 | 215 | 186 | ||
Bristol-Myers Squibb Co. | 5.900% | 11/15/33 | 25 | 26 | ||
Bristol-Myers Squibb Co. | 5.200% | 2/22/34 | 325 | 327 | ||
Bristol-Myers Squibb Co. | 4.125% | 6/15/39 | 245 | 214 | ||
Bristol-Myers Squibb Co. | 2.350% | 11/13/40 | 45 | 30 | ||
Bristol-Myers Squibb Co. | 3.550% | 3/15/42 | 260 | 205 | ||
Bristol-Myers Squibb Co. | 4.350% | 11/15/47 | 200 | 170 | ||
Bristol-Myers Squibb Co. | 4.550% | 2/20/48 | 207 | 182 | ||
Bristol-Myers Squibb Co. | 4.250% | 10/26/49 | 425 | 356 | ||
Bristol-Myers Squibb Co. | 2.550% | 11/13/50 | 280 | 170 | ||
Bristol-Myers Squibb Co. | 3.700% | 3/15/52 | 260 | 197 | ||
Bristol-Myers Squibb Co. | 6.250% | 11/15/53 | 155 | 172 | ||
Bristol-Myers Squibb Co. | 5.550% | 2/22/54 | 375 | 380 | ||
Bristol-Myers Squibb Co. | 3.900% | 3/15/62 | 265 | 198 | ||
Bristol-Myers Squibb Co. | 6.400% | 11/15/63 | 140 | 156 | ||
Bristol-Myers Squibb Co. | 5.650% | 2/22/64 | 225 | 227 | ||
Cardinal Health Inc. | 3.410% | 6/15/27 | 50 | 47 | ||
Cencora Inc. | 3.450% | 12/15/27 | 160 | 151 | ||
Cencora Inc. | 2.700% | 3/15/31 | 135 | 115 | ||
Centene Corp. | 4.250% | 12/15/27 | 155 | 148 | ||
Centene Corp. | 2.450% | 7/15/28 | 300 | 265 | ||
Centene Corp. | 4.625% | 12/15/29 | 300 | 284 | ||
Centene Corp. | 3.375% | 2/15/30 | 620 | 547 | ||
Centene Corp. | 3.000% | 10/15/30 | 195 | 167 | ||
Centene Corp. | 2.500% | 3/1/31 | 185 | 152 | ||
Centene Corp. | 2.625% | 8/1/31 | 310 | 254 | ||
1 | Cigna Group | 3.250% | 4/15/25 | 155 | 151 | |
1 | Cigna Group | 4.500% | 2/25/26 | 155 | 153 | |
1 | Cigna Group | 3.400% | 3/1/27 | 145 | 138 | |
Cigna Group | 4.375% | 10/15/28 | 435 | 422 | ||
Cigna Group | 5.000% | 5/15/29 | 150 | 149 | ||
Cigna Group | 2.400% | 3/15/30 | 210 | 180 | ||
Cigna Group | 2.375% | 3/15/31 | 195 | 163 | ||
Cigna Group | 5.125% | 5/15/31 | 100 | 99 | ||
Cigna Group | 5.400% | 3/15/33 | 105 | 106 | ||
Cigna Group | 5.250% | 2/15/34 | 150 | 148 | ||
Cigna Group | 4.800% | 8/15/38 | 295 | 274 | ||
Cigna Group | 3.200% | 3/15/40 | 90 | 67 | ||
1 | Cigna Group | 4.800% | 7/15/46 | 150 | 134 | |
1 | Cigna Group | 3.875% | 10/15/47 | 215 | 165 | |
Cigna Group | 4.900% | 12/15/48 | 420 | 377 | ||
Cigna Group | 3.400% | 3/15/50 | 285 | 198 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Cigna Group | 3.400% | 3/15/51 | 145 | 101 | ||
Cigna Group | 5.600% | 2/15/54 | 150 | 148 | ||
CVS Health Corp. | 4.100% | 3/25/25 | 155 | 153 | ||
CVS Health Corp. | 3.875% | 7/20/25 | 400 | 392 | ||
CVS Health Corp. | 5.000% | 2/20/26 | 200 | 199 | ||
CVS Health Corp. | 2.875% | 6/1/26 | 242 | 230 | ||
CVS Health Corp. | 3.000% | 8/15/26 | 210 | 199 | ||
CVS Health Corp. | 3.625% | 4/1/27 | 180 | 173 | ||
CVS Health Corp. | 1.300% | 8/21/27 | 305 | 268 | ||
CVS Health Corp. | 4.300% | 3/25/28 | 625 | 607 | ||
CVS Health Corp. | 5.000% | 1/30/29 | 215 | 214 | ||
CVS Health Corp. | 3.250% | 8/15/29 | 340 | 309 | ||
CVS Health Corp. | 5.125% | 2/21/30 | 150 | 149 | ||
CVS Health Corp. | 3.750% | 4/1/30 | 240 | 221 | ||
CVS Health Corp. | 1.750% | 8/21/30 | 200 | 162 | ||
CVS Health Corp. | 5.250% | 1/30/31 | 85 | 85 | ||
CVS Health Corp. | 1.875% | 2/28/31 | 170 | 137 | ||
CVS Health Corp. | 2.125% | 9/15/31 | 160 | 129 | ||
CVS Health Corp. | 5.250% | 2/21/33 | 500 | 495 | ||
CVS Health Corp. | 5.300% | 6/1/33 | 210 | 209 | ||
CVS Health Corp. | 4.780% | 3/25/38 | 670 | 610 | ||
CVS Health Corp. | 4.125% | 4/1/40 | 155 | 127 | ||
CVS Health Corp. | 2.700% | 8/21/40 | 245 | 167 | ||
CVS Health Corp. | 5.300% | 12/5/43 | 85 | 79 | ||
CVS Health Corp. | 5.125% | 7/20/45 | 410 | 373 | ||
CVS Health Corp. | 5.050% | 3/25/48 | 1,040 | 929 | ||
CVS Health Corp. | 4.250% | 4/1/50 | 165 | 132 | ||
CVS Health Corp. | 5.625% | 2/21/53 | 85 | 82 | ||
CVS Health Corp. | 5.875% | 6/1/53 | 165 | 164 | ||
CVS Health Corp. | 6.000% | 6/1/63 | 95 | 95 | ||
Danaher Corp. | 2.600% | 10/1/50 | 145 | 91 | ||
Danaher Corp. | 2.800% | 12/10/51 | 45 | 29 | ||
DENTSPLY SIRONA Inc. | 3.250% | 6/1/30 | 120 | 105 | ||
DH Europe Finance II Sarl | 2.600% | 11/15/29 | 145 | 129 | ||
DH Europe Finance II Sarl | 3.250% | 11/15/39 | 160 | 127 | ||
DH Europe Finance II Sarl | 3.400% | 11/15/49 | 115 | 86 | ||
Elevance Health Inc. | 1.500% | 3/15/26 | 85 | 79 | ||
Elevance Health Inc. | 3.650% | 12/1/27 | 172 | 164 | ||
Elevance Health Inc. | 4.101% | 3/1/28 | 190 | 184 | ||
Elevance Health Inc. | 2.875% | 9/15/29 | 140 | 126 | ||
Elevance Health Inc. | 2.250% | 5/15/30 | 135 | 115 | ||
Elevance Health Inc. | 2.550% | 3/15/31 | 115 | 97 | ||
Elevance Health Inc. | 4.750% | 2/15/33 | 130 | 126 | ||
Elevance Health Inc. | 4.625% | 5/15/42 | 140 | 126 | ||
Elevance Health Inc. | 4.650% | 1/15/43 | 210 | 190 | ||
Elevance Health Inc. | 4.650% | 8/15/44 | 100 | 89 | ||
Elevance Health Inc. | 4.375% | 12/1/47 | 220 | 187 | ||
Elevance Health Inc. | 4.550% | 3/1/48 | 130 | 113 | ||
Elevance Health Inc. | 3.700% | 9/15/49 | 125 | 95 | ||
Elevance Health Inc. | 3.125% | 5/15/50 | 145 | 99 | ||
Elevance Health Inc. | 3.600% | 3/15/51 | 140 | 104 | ||
Elevance Health Inc. | 6.100% | 10/15/52 | 90 | 97 | ||
Elevance Health Inc. | 5.125% | 2/15/53 | 125 | 118 | ||
Eli Lilly & Co. | 4.500% | 2/9/29 | 125 | 124 | ||
Eli Lilly & Co. | 3.375% | 3/15/29 | 77 | 73 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Eli Lilly & Co. | 4.700% | 2/27/33 | 50 | 50 | ||
Eli Lilly & Co. | 4.700% | 2/9/34 | 200 | 197 | ||
Eli Lilly & Co. | 3.950% | 3/15/49 | 85 | 71 | ||
Eli Lilly & Co. | 2.250% | 5/15/50 | 206 | 125 | ||
Eli Lilly & Co. | 4.875% | 2/27/53 | 275 | 267 | ||
Eli Lilly & Co. | 5.000% | 2/9/54 | 200 | 197 | ||
Eli Lilly & Co. | 2.500% | 9/15/60 | 165 | 96 | ||
Eli Lilly & Co. | 4.950% | 2/27/63 | 75 | 72 | ||
Eli Lilly & Co. | 5.100% | 2/9/64 | 200 | 197 | ||
GE HealthCare Technologies Inc. | 5.650% | 11/15/27 | 410 | 416 | ||
GE HealthCare Technologies Inc. | 5.857% | 3/15/30 | 35 | 36 | ||
GE HealthCare Technologies Inc. | 5.905% | 11/22/32 | 95 | 99 | ||
GE HealthCare Technologies Inc. | 6.377% | 11/22/52 | 220 | 244 | ||
Gilead Sciences Inc. | 3.650% | 3/1/26 | 237 | 230 | ||
Gilead Sciences Inc. | 2.950% | 3/1/27 | 182 | 172 | ||
Gilead Sciences Inc. | 1.200% | 10/1/27 | 160 | 141 | ||
Gilead Sciences Inc. | 1.650% | 10/1/30 | 180 | 147 | ||
Gilead Sciences Inc. | 5.250% | 10/15/33 | 65 | 66 | ||
Gilead Sciences Inc. | 4.600% | 9/1/35 | 205 | 194 | ||
Gilead Sciences Inc. | 4.000% | 9/1/36 | 135 | 119 | ||
Gilead Sciences Inc. | 2.600% | 10/1/40 | 174 | 121 | ||
Gilead Sciences Inc. | 5.650% | 12/1/41 | 140 | 142 | ||
Gilead Sciences Inc. | 4.800% | 4/1/44 | 285 | 262 | ||
Gilead Sciences Inc. | 4.500% | 2/1/45 | 185 | 163 | ||
Gilead Sciences Inc. | 4.750% | 3/1/46 | 355 | 322 | ||
Gilead Sciences Inc. | 4.150% | 3/1/47 | 210 | 173 | ||
Gilead Sciences Inc. | 2.800% | 10/1/50 | 205 | 132 | ||
Gilead Sciences Inc. | 5.550% | 10/15/53 | 70 | 71 | ||
GlaxoSmithKline Capital Inc. | 3.625% | 5/15/25 | 110 | 108 | ||
GlaxoSmithKline Capital Inc. | 3.875% | 5/15/28 | 165 | 160 | ||
GlaxoSmithKline Capital Inc. | 6.375% | 5/15/38 | 280 | 314 | ||
GlaxoSmithKline Capital plc | 3.375% | 6/1/29 | 90 | 84 | ||
HCA Inc. | 5.250% | 4/15/25 | 285 | 284 | ||
HCA Inc. | 5.875% | 2/15/26 | 195 | 196 | ||
HCA Inc. | 5.250% | 6/15/26 | 175 | 174 | ||
HCA Inc. | 5.375% | 9/1/26 | 125 | 125 | ||
HCA Inc. | 4.500% | 2/15/27 | 170 | 166 | ||
HCA Inc. | 3.125% | 3/15/27 | 210 | 197 | ||
HCA Inc. | 5.200% | 6/1/28 | 105 | 105 | ||
HCA Inc. | 5.625% | 9/1/28 | 235 | 237 | ||
HCA Inc. | 5.875% | 2/1/29 | 200 | 204 | ||
HCA Inc. | 4.125% | 6/15/29 | 210 | 197 | ||
HCA Inc. | 3.500% | 9/1/30 | 425 | 380 | ||
HCA Inc. | 5.450% | 4/1/31 | 100 | 100 | ||
HCA Inc. | 2.375% | 7/15/31 | 95 | 77 | ||
HCA Inc. | 3.625% | 3/15/32 | 295 | 258 | ||
HCA Inc. | 5.500% | 6/1/33 | 195 | 194 | ||
HCA Inc. | 5.600% | 4/1/34 | 175 | 174 | ||
HCA Inc. | 5.125% | 6/15/39 | 145 | 135 | ||
HCA Inc. | 5.500% | 6/15/47 | 200 | 186 | ||
HCA Inc. | 5.250% | 6/15/49 | 325 | 291 | ||
HCA Inc. | 3.500% | 7/15/51 | 165 | 111 | ||
HCA Inc. | 4.625% | 3/15/52 | 240 | 196 | ||
HCA Inc. | 5.900% | 6/1/53 | 115 | 113 | ||
HCA Inc. | 6.000% | 4/1/54 | 220 | 218 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Humana Inc. | 1.350% | 2/3/27 | 140 | 126 | ||
Humana Inc. | 3.700% | 3/23/29 | 105 | 98 | ||
Humana Inc. | 2.150% | 2/3/32 | 95 | 75 | ||
Humana Inc. | 5.875% | 3/1/33 | 70 | 72 | ||
Humana Inc. | 4.950% | 10/1/44 | 133 | 120 | ||
Humana Inc. | 5.500% | 3/15/53 | 85 | 82 | ||
IQVIA Inc. | 6.250% | 2/1/29 | 160 | 165 | ||
Johnson & Johnson | 0.550% | 9/1/25 | 145 | 136 | ||
Johnson & Johnson | 2.450% | 3/1/26 | 250 | 239 | ||
Johnson & Johnson | 2.950% | 3/3/27 | 150 | 143 | ||
Johnson & Johnson | 0.950% | 9/1/27 | 175 | 155 | ||
Johnson & Johnson | 2.900% | 1/15/28 | 245 | 232 | ||
Johnson & Johnson | 1.300% | 9/1/30 | 180 | 147 | ||
Johnson & Johnson | 4.375% | 12/5/33 | 198 | 196 | ||
Johnson & Johnson | 3.550% | 3/1/36 | 115 | 102 | ||
Johnson & Johnson | 5.950% | 8/15/37 | 210 | 231 | ||
Johnson & Johnson | 3.400% | 1/15/38 | 205 | 174 | ||
Johnson & Johnson | 2.100% | 9/1/40 | 140 | 95 | ||
Johnson & Johnson | 3.700% | 3/1/46 | 220 | 180 | ||
Johnson & Johnson | 3.750% | 3/3/47 | 150 | 123 | ||
Johnson & Johnson | 3.500% | 1/15/48 | 115 | 91 | ||
Johnson & Johnson | 2.250% | 9/1/50 | 145 | 90 | ||
Johnson & Johnson | 2.450% | 9/1/60 | 200 | 118 | ||
Laboratory Corp. of America Holdings | 4.700% | 2/1/45 | 125 | 112 | ||
Medtronic Global Holdings SCA | 4.250% | 3/30/28 | 115 | 113 | ||
Medtronic Global Holdings SCA | 4.500% | 3/30/33 | 175 | 168 | ||
Medtronic Inc. | 4.375% | 3/15/35 | 310 | 292 | ||
Medtronic Inc. | 4.625% | 3/15/45 | 220 | 204 | ||
Merck & Co. Inc. | 0.750% | 2/24/26 | 175 | 162 | ||
Merck & Co. Inc. | 1.700% | 6/10/27 | 275 | 249 | ||
Merck & Co. Inc. | 1.900% | 12/10/28 | 230 | 203 | ||
Merck & Co. Inc. | 3.400% | 3/7/29 | 200 | 188 | ||
Merck & Co. Inc. | 4.300% | 5/17/30 | 75 | 73 | ||
Merck & Co. Inc. | 1.450% | 6/24/30 | 179 | 146 | ||
Merck & Co. Inc. | 2.150% | 12/10/31 | 245 | 203 | ||
Merck & Co. Inc. | 4.500% | 5/17/33 | 210 | 204 | ||
Merck & Co. Inc. | 3.900% | 3/7/39 | 130 | 114 | ||
Merck & Co. Inc. | 2.350% | 6/24/40 | 130 | 90 | ||
Merck & Co. Inc. | 4.150% | 5/18/43 | 230 | 201 | ||
Merck & Co. Inc. | 4.900% | 5/17/44 | 125 | 120 | ||
Merck & Co. Inc. | 3.700% | 2/10/45 | 285 | 230 | ||
Merck & Co. Inc. | 4.000% | 3/7/49 | 160 | 133 | ||
Merck & Co. Inc. | 2.450% | 6/24/50 | 170 | 104 | ||
Merck & Co. Inc. | 2.750% | 12/10/51 | 315 | 204 | ||
Merck & Co. Inc. | 5.000% | 5/17/53 | 175 | 170 | ||
Merck & Co. Inc. | 2.900% | 12/10/61 | 200 | 124 | ||
Merck & Co. Inc. | 5.150% | 5/17/63 | 160 | 156 | ||
Mylan Inc. | 4.550% | 4/15/28 | 135 | 130 | ||
Mylan Inc. | 5.200% | 4/15/48 | 195 | 160 | ||
Novartis Capital Corp. | 3.000% | 11/20/25 | 280 | 271 | ||
Novartis Capital Corp. | 2.000% | 2/14/27 | 215 | 199 | ||
Novartis Capital Corp. | 3.100% | 5/17/27 | 220 | 209 | ||
Novartis Capital Corp. | 2.200% | 8/14/30 | 235 | 202 | ||
Novartis Capital Corp. | 4.400% | 5/6/44 | 220 | 200 | ||
Novartis Capital Corp. | 4.000% | 11/20/45 | 115 | 98 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Novartis Capital Corp. | 2.750% | 8/14/50 | 115 | 77 | ||
Pfizer Inc. | 0.800% | 5/28/25 | 215 | 204 | ||
Pfizer Inc. | 2.750% | 6/3/26 | 165 | 158 | ||
Pfizer Inc. | 3.000% | 12/15/26 | 190 | 181 | ||
Pfizer Inc. | 3.600% | 9/15/28 | 100 | 96 | ||
Pfizer Inc. | 3.450% | 3/15/29 | 255 | 240 | ||
Pfizer Inc. | 2.625% | 4/1/30 | 158 | 140 | ||
Pfizer Inc. | 1.700% | 5/28/30 | 102 | 85 | ||
Pfizer Inc. | 1.750% | 8/18/31 | 110 | 89 | ||
Pfizer Inc. | 4.000% | 12/15/36 | 220 | 198 | ||
Pfizer Inc. | 3.900% | 3/15/39 | 95 | 81 | ||
Pfizer Inc. | 7.200% | 3/15/39 | 350 | 416 | ||
Pfizer Inc. | 2.550% | 5/28/40 | 230 | 161 | ||
Pfizer Inc. | 4.300% | 6/15/43 | 170 | 149 | ||
Pfizer Inc. | 4.400% | 5/15/44 | 150 | 135 | ||
Pfizer Inc. | 4.125% | 12/15/46 | 140 | 117 | ||
Pfizer Inc. | 4.200% | 9/15/48 | 220 | 187 | ||
Pfizer Inc. | 4.000% | 3/15/49 | 270 | 223 | ||
Pfizer Inc. | 2.700% | 5/28/50 | 245 | 161 | ||
Pfizer Investment Enterprises Pte. Ltd. | 4.650% | 5/19/25 | 260 | 258 | ||
Pfizer Investment Enterprises Pte. Ltd. | 4.450% | 5/19/26 | 300 | 296 | ||
Pfizer Investment Enterprises Pte. Ltd. | 4.450% | 5/19/28 | 500 | 490 | ||
Pfizer Investment Enterprises Pte. Ltd. | 4.650% | 5/19/30 | 325 | 320 | ||
Pfizer Investment Enterprises Pte. Ltd. | 4.750% | 5/19/33 | 575 | 560 | ||
Pfizer Investment Enterprises Pte. Ltd. | 5.110% | 5/19/43 | 370 | 356 | ||
Pfizer Investment Enterprises Pte. Ltd. | 5.300% | 5/19/53 | 690 | 676 | ||
Pfizer Investment Enterprises Pte. Ltd. | 5.340% | 5/19/63 | 520 | 501 | ||
1 | Providence St. Joseph Health Obligated Group | 2.700% | 10/1/51 | 115 | 69 | |
Quest Diagnostics Inc. | 2.950% | 6/30/30 | 110 | 97 | ||
Quest Diagnostics Inc. | 6.400% | 11/30/33 | 95 | 102 | ||
Regeneron Pharmaceuticals Inc. | 1.750% | 9/15/30 | 150 | 121 | ||
Regeneron Pharmaceuticals Inc. | 2.800% | 9/15/50 | 250 | 156 | ||
Revvity Inc. | 3.300% | 9/15/29 | 175 | 158 | ||
Royalty Pharma plc | 1.200% | 9/2/25 | 135 | 126 | ||
Royalty Pharma plc | 1.750% | 9/2/27 | 145 | 129 | ||
Royalty Pharma plc | 2.200% | 9/2/30 | 85 | 70 | ||
Royalty Pharma plc | 3.300% | 9/2/40 | 185 | 136 | ||
Royalty Pharma plc | 3.550% | 9/2/50 | 120 | 82 | ||
Sanofi SA | 3.625% | 6/19/28 | 190 | 183 | ||
Shire Acquisitions Investments Ireland DAC | 3.200% | 9/23/26 | 370 | 353 | ||
Smith & Nephew plc | 2.032% | 10/14/30 | 120 | 98 | ||
Stryker Corp. | 3.375% | 11/1/25 | 385 | 374 | ||
Stryker Corp. | 3.500% | 3/15/26 | 138 | 134 | ||
Stryker Corp. | 1.950% | 6/15/30 | 125 | 105 | ||
Stryker Corp. | 4.625% | 3/15/46 | 110 | 100 | ||
Takeda Pharmaceutical Co. Ltd. | 5.000% | 11/26/28 | 250 | 249 | ||
Takeda Pharmaceutical Co. Ltd. | 2.050% | 3/31/30 | 310 | 260 | ||
Takeda Pharmaceutical Co. Ltd. | 3.025% | 7/9/40 | 205 | 153 | ||
Takeda Pharmaceutical Co. Ltd. | 3.175% | 7/9/50 | 270 | 185 | ||
Takeda Pharmaceutical Co. Ltd. | 3.375% | 7/9/60 | 70 | 47 | ||
Thermo Fisher Scientific Inc. | 5.000% | 1/31/29 | 100 | 101 | ||
Thermo Fisher Scientific Inc. | 2.600% | 10/1/29 | 155 | 138 | ||
Thermo Fisher Scientific Inc. | 2.000% | 10/15/31 | 240 | 196 | ||
Thermo Fisher Scientific Inc. | 5.086% | 8/10/33 | 65 | 65 | ||
Thermo Fisher Scientific Inc. | 2.800% | 10/15/41 | 265 | 190 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Thermo Fisher Scientific Inc. | 4.100% | 8/15/47 | 105 | 88 | ||
UnitedHealth Group Inc. | 3.750% | 7/15/25 | 365 | 358 | ||
UnitedHealth Group Inc. | 5.150% | 10/15/25 | 165 | 165 | ||
UnitedHealth Group Inc. | 3.100% | 3/15/26 | 200 | 193 | ||
UnitedHealth Group Inc. | 1.150% | 5/15/26 | 175 | 161 | ||
UnitedHealth Group Inc. | 3.450% | 1/15/27 | 100 | 97 | ||
UnitedHealth Group Inc. | 2.950% | 10/15/27 | 145 | 136 | ||
UnitedHealth Group Inc. | 5.250% | 2/15/28 | 115 | 117 | ||
UnitedHealth Group Inc. | 3.850% | 6/15/28 | 145 | 140 | ||
UnitedHealth Group Inc. | 3.875% | 12/15/28 | 105 | 101 | ||
UnitedHealth Group Inc. | 4.250% | 1/15/29 | 215 | 210 | ||
UnitedHealth Group Inc. | 4.000% | 5/15/29 | 65 | 62 | ||
UnitedHealth Group Inc. | 2.875% | 8/15/29 | 100 | 91 | ||
UnitedHealth Group Inc. | 5.300% | 2/15/30 | 110 | 112 | ||
UnitedHealth Group Inc. | 2.000% | 5/15/30 | 200 | 168 | ||
UnitedHealth Group Inc. | 2.300% | 5/15/31 | 190 | 159 | ||
UnitedHealth Group Inc. | 4.200% | 5/15/32 | 140 | 132 | ||
UnitedHealth Group Inc. | 5.350% | 2/15/33 | 225 | 229 | ||
UnitedHealth Group Inc. | 4.500% | 4/15/33 | 315 | 303 | ||
UnitedHealth Group Inc. | 4.625% | 7/15/35 | 160 | 154 | ||
UnitedHealth Group Inc. | 5.800% | 3/15/36 | 57 | 60 | ||
UnitedHealth Group Inc. | 6.875% | 2/15/38 | 235 | 273 | ||
UnitedHealth Group Inc. | 3.500% | 8/15/39 | 90 | 73 | ||
UnitedHealth Group Inc. | 3.050% | 5/15/41 | 75 | 56 | ||
UnitedHealth Group Inc. | 4.250% | 3/15/43 | 75 | 65 | ||
UnitedHealth Group Inc. | 4.750% | 7/15/45 | 295 | 273 | ||
UnitedHealth Group Inc. | 4.200% | 1/15/47 | 125 | 106 | ||
UnitedHealth Group Inc. | 3.750% | 10/15/47 | 125 | 97 | ||
UnitedHealth Group Inc. | 4.250% | 6/15/48 | 250 | 210 | ||
UnitedHealth Group Inc. | 4.450% | 12/15/48 | 190 | 166 | ||
UnitedHealth Group Inc. | 3.700% | 8/15/49 | 80 | 62 | ||
UnitedHealth Group Inc. | 2.900% | 5/15/50 | 100 | 66 | ||
UnitedHealth Group Inc. | 3.250% | 5/15/51 | 270 | 190 | ||
UnitedHealth Group Inc. | 4.750% | 5/15/52 | 255 | 232 | ||
UnitedHealth Group Inc. | 5.875% | 2/15/53 | 335 | 358 | ||
UnitedHealth Group Inc. | 5.050% | 4/15/53 | 260 | 247 | ||
UnitedHealth Group Inc. | 3.875% | 8/15/59 | 175 | 133 | ||
UnitedHealth Group Inc. | 3.125% | 5/15/60 | 115 | 75 | ||
UnitedHealth Group Inc. | 4.950% | 5/15/62 | 205 | 188 | ||
UnitedHealth Group Inc. | 6.050% | 2/15/63 | 305 | 331 | ||
UnitedHealth Group Inc. | 5.200% | 4/15/63 | 215 | 205 | ||
Utah Acquisition Sub Inc. | 3.950% | 6/15/26 | 150 | 145 | ||
Utah Acquisition Sub Inc. | 5.250% | 6/15/46 | 185 | 152 | ||
Viatris Inc. | 1.650% | 6/22/25 | 175 | 166 | ||
Viatris Inc. | 2.700% | 6/22/30 | 155 | 130 | ||
Viatris Inc. | 3.850% | 6/22/40 | 115 | 84 | ||
Viatris Inc. | 4.000% | 6/22/50 | 160 | 109 | ||
Wyeth LLC | 6.500% | 2/1/34 | 210 | 231 | ||
Wyeth LLC | 5.950% | 4/1/37 | 225 | 240 | ||
Zimmer Biomet Holdings Inc. | 3.550% | 4/1/25 | 125 | 122 | ||
Zimmer Biomet Holdings Inc. | 2.600% | 11/24/31 | 90 | 75 | ||
Zoetis Inc. | 4.500% | 11/13/25 | 100 | 99 | ||
Zoetis Inc. | 3.000% | 9/12/27 | 120 | 112 | ||
Zoetis Inc. | 2.000% | 5/15/30 | 130 | 109 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Zoetis Inc. | 5.600% | 11/16/32 | 40 | 41 | ||
Zoetis Inc. | 4.700% | 2/1/43 | 200 | 183 | ||
79,772 | ||||||
Industrials (2.0%) | ||||||
Amphenol Corp. | 2.800% | 2/15/30 | 130 | 116 | ||
Amphenol Corp. | 2.200% | 9/15/31 | 70 | 57 | ||
Carrier Global Corp. | 5.800% | 11/30/25 | 150 | 151 | ||
Carrier Global Corp. | 2.493% | 2/15/27 | 170 | 158 | ||
Carrier Global Corp. | 2.722% | 2/15/30 | 230 | 201 | ||
Carrier Global Corp. | 2.700% | 2/15/31 | 35 | 30 | ||
Carrier Global Corp. | 5.900% | 3/15/34 | 130 | 136 | ||
Carrier Global Corp. | 3.377% | 4/5/40 | 185 | 143 | ||
Carrier Global Corp. | 3.577% | 4/5/50 | 360 | 265 | ||
Carrier Global Corp. | 6.200% | 3/15/54 | 130 | 142 | ||
Deere & Co. | 3.900% | 6/9/42 | 200 | 171 | ||
Deere & Co. | 3.750% | 4/15/50 | 95 | 78 | ||
FedEx Corp. | 3.250% | 4/1/26 | 160 | 154 | ||
FedEx Corp. | 3.100% | 8/5/29 | 155 | 141 | ||
FedEx Corp. | 4.250% | 5/15/30 | 225 | 215 | ||
FedEx Corp. | 2.400% | 5/15/31 | 75 | 63 | ||
FedEx Corp. | 3.250% | 5/15/41 | 125 | 92 | ||
FedEx Corp. | 5.100% | 1/15/44 | 95 | 88 | ||
FedEx Corp. | 4.750% | 11/15/45 | 165 | 144 | ||
FedEx Corp. | 4.550% | 4/1/46 | 200 | 170 | ||
FedEx Corp. | 4.400% | 1/15/47 | 75 | 62 | ||
FedEx Corp. | 4.050% | 2/15/48 | 130 | 102 | ||
FedEx Corp. | 4.950% | 10/17/48 | 120 | 108 | ||
FedEx Corp. | 5.250% | 5/15/50 | 150 | 141 | ||
Illinois Tool Works Inc. | 2.650% | 11/15/26 | 115 | 109 | ||
Illinois Tool Works Inc. | 3.900% | 9/1/42 | 135 | 115 | ||
Ingersoll Rand Inc. | 5.700% | 8/14/33 | 135 | 137 | ||
1 | John Deere Capital Corp. | 3.450% | 3/13/25 | 125 | 123 | |
1 | John Deere Capital Corp. | 3.400% | 6/6/25 | 245 | 240 | |
1 | John Deere Capital Corp. | 4.050% | 9/8/25 | 125 | 123 | |
1 | John Deere Capital Corp. | 4.800% | 1/9/26 | 200 | 199 | |
1 | John Deere Capital Corp. | 0.700% | 1/15/26 | 160 | 148 | |
1 | John Deere Capital Corp. | 4.150% | 9/15/27 | 140 | 137 | |
1 | John Deere Capital Corp. | 4.750% | 1/20/28 | 160 | 160 | |
1 | John Deere Capital Corp. | 4.950% | 7/14/28 | 300 | 302 | |
1 | John Deere Capital Corp. | 4.700% | 6/10/30 | 133 | 132 | |
1 | John Deere Capital Corp. | 5.150% | 9/8/33 | 150 | 153 | |
LKQ Corp. | 5.750% | 6/15/28 | 95 | 96 | ||
Otis Worldwide Corp. | 2.056% | 4/5/25 | 198 | 191 | ||
Otis Worldwide Corp. | 2.565% | 2/15/30 | 225 | 196 | ||
Otis Worldwide Corp. | 3.362% | 2/15/50 | 90 | 65 | ||
Republic Services Inc. | 3.950% | 5/15/28 | 85 | 82 | ||
Republic Services Inc. | 1.750% | 2/15/32 | 90 | 71 | ||
Republic Services Inc. | 5.000% | 4/1/34 | 165 | 162 | ||
Southwest Airlines Co. | 5.250% | 5/4/25 | 255 | 254 | ||
Southwest Airlines Co. | 5.125% | 6/15/27 | 325 | 324 | ||
Trane Technologies Financing Ltd. | 3.800% | 3/21/29 | 115 | 109 | ||
Trimble Inc. | 6.100% | 3/15/33 | 80 | 83 | ||
1 | United Airlines Pass-Through Trust Class A Series 2020-1 | 5.875% | 10/15/27 | 234 | 235 | |
1 | United Airlines Pass-Through Trust Class A Series 2023-1 | 5.800% | 1/15/36 | 120 | 121 | |
United Parcel Service Inc. | 3.900% | 4/1/25 | 229 | 226 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United Parcel Service Inc. | 3.050% | 11/15/27 | 215 | 202 | ||
United Parcel Service Inc. | 3.400% | 3/15/29 | 112 | 106 | ||
United Parcel Service Inc. | 4.450% | 4/1/30 | 152 | 149 | ||
United Parcel Service Inc. | 4.875% | 3/3/33 | 185 | 184 | ||
United Parcel Service Inc. | 6.200% | 1/15/38 | 220 | 241 | ||
United Parcel Service Inc. | 3.750% | 11/15/47 | 50 | 40 | ||
United Parcel Service Inc. | 4.250% | 3/15/49 | 91 | 78 | ||
United Parcel Service Inc. | 5.300% | 4/1/50 | 220 | 221 | ||
United Parcel Service Inc. | 5.050% | 3/3/53 | 190 | 184 | ||
Waste Connections Inc. | 4.200% | 1/15/33 | 110 | 103 | ||
Waste Connections Inc. | 2.950% | 1/15/52 | 135 | 89 | ||
Waste Management Inc. | 3.150% | 11/15/27 | 310 | 292 | ||
Waste Management Inc. | 4.875% | 2/15/29 | 100 | 100 | ||
Waste Management Inc. | 1.500% | 3/15/31 | 105 | 83 | ||
Waste Management Inc. | 4.150% | 4/15/32 | 80 | 75 | ||
Waste Management Inc. | 4.875% | 2/15/34 | 160 | 157 | ||
Westinghouse Air Brake Technologies Corp. | 3.450% | 11/15/26 | 155 | 147 | ||
Westinghouse Air Brake Technologies Corp. | 4.700% | 9/15/28 | 180 | 176 | ||
WW Grainger Inc. | 4.600% | 6/15/45 | 145 | 132 | ||
10,180 | ||||||
Materials (1.1%) | ||||||
Air Products and Chemicals Inc. | 2.050% | 5/15/30 | 195 | 166 | ||
Air Products and Chemicals Inc. | 2.700% | 5/15/40 | 45 | 32 | ||
Air Products and Chemicals Inc. | 2.800% | 5/15/50 | 60 | 40 | ||
AngloGold Ashanti Holdings plc | 3.375% | 11/1/28 | 80 | 72 | ||
Berry Global Inc. | 1.570% | 1/15/26 | 240 | 224 | ||
Carlisle Cos. Inc. | 2.750% | 3/1/30 | 115 | 100 | ||
Celanese US Holdings LLC | 6.050% | 3/15/25 | 79 | 79 | ||
Celanese US Holdings LLC | 6.165% | 7/15/27 | 280 | 284 | ||
Celanese US Holdings LLC | 6.350% | 11/15/28 | 170 | 175 | ||
Celanese US Holdings LLC | 6.330% | 7/15/29 | 125 | 129 | ||
Celanese US Holdings LLC | 6.550% | 11/15/30 | 120 | 125 | ||
Celanese US Holdings LLC | 6.379% | 7/15/32 | 120 | 123 | ||
Celanese US Holdings LLC | 6.700% | 11/15/33 | 175 | 184 | ||
CF Industries Inc. | 5.150% | 3/15/34 | 120 | 116 | ||
CF Industries Inc. | 4.950% | 6/1/43 | 110 | 97 | ||
CF Industries Inc. | 5.375% | 3/15/44 | 75 | 70 | ||
DuPont de Nemours Inc. | 4.493% | 11/15/25 | 305 | 301 | ||
DuPont de Nemours Inc. | 4.725% | 11/15/28 | 270 | 269 | ||
DuPont de Nemours Inc. | 5.319% | 11/15/38 | 220 | 218 | ||
DuPont de Nemours Inc. | 5.419% | 11/15/48 | 285 | 280 | ||
Eagle Materials Inc. | 2.500% | 7/1/31 | 145 | 120 | ||
Huntsman International LLC | 4.500% | 5/1/29 | 90 | 86 | ||
International Flavors & Fragrances Inc. | 5.000% | 9/26/48 | 125 | 105 | ||
Martin Marietta Materials Inc. | 2.400% | 7/15/31 | 10 | 8 | ||
Martin Marietta Materials Inc. | 3.200% | 7/15/51 | 100 | 69 | ||
Newmont Corp. | 2.250% | 10/1/30 | 150 | 125 | ||
Newmont Corp. | 2.600% | 7/15/32 | 135 | 111 | ||
Newmont Corp. | 6.250% | 10/1/39 | 105 | 111 | ||
Newmont Corp. | 4.875% | 3/15/42 | 160 | 147 | ||
Nutrien Ltd. | 4.200% | 4/1/29 | 140 | 135 | ||
Nutrien Ltd. | 5.000% | 4/1/49 | 109 | 98 | ||
Nutrien Ltd. | 5.800% | 3/27/53 | 155 | 155 | ||
Sherwin-Williams Co. | 3.450% | 6/1/27 | 205 | 195 | ||
Sherwin-Williams Co. | 2.950% | 8/15/29 | 204 | 184 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Sherwin-Williams Co. | 4.500% | 6/1/47 | 180 | 155 | ||
Suzano Austria GmbH | 6.000% | 1/15/29 | 250 | 250 | ||
Suzano Austria GmbH | 5.000% | 1/15/30 | 125 | 119 | ||
Suzano Austria GmbH | 3.750% | 1/15/31 | 145 | 127 | ||
1 | Suzano Austria GmbH | 3.125% | 1/15/32 | 95 | 78 | |
Vulcan Materials Co. | 3.500% | 6/1/30 | 100 | 91 | ||
WRKCo Inc. | 4.900% | 3/15/29 | 165 | 163 | ||
5,716 | ||||||
Real Estate (1.8%) | ||||||
Alexandria Real Estate Equities Inc. | 3.375% | 8/15/31 | 170 | 149 | ||
Alexandria Real Estate Equities Inc. | 2.000% | 5/18/32 | 105 | 81 | ||
Alexandria Real Estate Equities Inc. | 1.875% | 2/1/33 | 123 | 92 | ||
Alexandria Real Estate Equities Inc. | 2.950% | 3/15/34 | 125 | 101 | ||
Alexandria Real Estate Equities Inc. | 3.000% | 5/18/51 | 135 | 85 | ||
Alexandria Real Estate Equities Inc. | 3.550% | 3/15/52 | 115 | 80 | ||
American Tower Corp. | 2.400% | 3/15/25 | 50 | 48 | ||
American Tower Corp. | 4.000% | 6/1/25 | 130 | 127 | ||
American Tower Corp. | 3.375% | 10/15/26 | 195 | 186 | ||
American Tower Corp. | 2.750% | 1/15/27 | 120 | 112 | ||
American Tower Corp. | 3.550% | 7/15/27 | 160 | 152 | ||
American Tower Corp. | 5.800% | 11/15/28 | 45 | 46 | ||
American Tower Corp. | 3.800% | 8/15/29 | 240 | 222 | ||
American Tower Corp. | 2.900% | 1/15/30 | 130 | 114 | ||
American Tower Corp. | 2.100% | 6/15/30 | 90 | 74 | ||
American Tower Corp. | 1.875% | 10/15/30 | 120 | 96 | ||
American Tower Corp. | 5.650% | 3/15/33 | 50 | 50 | ||
American Tower Corp. | 5.550% | 7/15/33 | 50 | 50 | ||
American Tower Corp. | 5.900% | 11/15/33 | 125 | 128 | ||
American Tower Corp. | 3.100% | 6/15/50 | 145 | 95 | ||
American Tower Corp. | 2.950% | 1/15/51 | 245 | 155 | ||
Boston Properties LP | 3.650% | 2/1/26 | 200 | 192 | ||
Boston Properties LP | 2.750% | 10/1/26 | 135 | 125 | ||
Boston Properties LP | 6.750% | 12/1/27 | 75 | 78 | ||
Boston Properties LP | 4.500% | 12/1/28 | 160 | 151 | ||
Boston Properties LP | 3.400% | 6/21/29 | 148 | 131 | ||
Boston Properties LP | 3.250% | 1/30/31 | 160 | 135 | ||
Boston Properties LP | 2.550% | 4/1/32 | 120 | 93 | ||
Boston Properties LP | 2.450% | 10/1/33 | 100 | 74 | ||
Boston Properties LP | 6.500% | 1/15/34 | 50 | 51 | ||
Brixmor Operating Partnership LP | 4.125% | 5/15/29 | 50 | 47 | ||
Brixmor Operating Partnership LP | 4.050% | 7/1/30 | 175 | 161 | ||
Camden Property Trust | 2.800% | 5/15/30 | 130 | 114 | ||
CBRE Services Inc. | 5.950% | 8/15/34 | 120 | 121 | ||
Crown Castle Inc. | 4.450% | 2/15/26 | 70 | 69 | ||
Crown Castle Inc. | 3.700% | 6/15/26 | 100 | 96 | ||
Crown Castle Inc. | 1.050% | 7/15/26 | 180 | 163 | ||
Crown Castle Inc. | 2.900% | 3/15/27 | 100 | 93 | ||
Crown Castle Inc. | 3.650% | 9/1/27 | 100 | 94 | ||
Crown Castle Inc. | 5.000% | 1/11/28 | 45 | 44 | ||
Crown Castle Inc. | 3.800% | 2/15/28 | 100 | 94 | ||
Crown Castle Inc. | 5.600% | 6/1/29 | 100 | 101 | ||
Crown Castle Inc. | 3.300% | 7/1/30 | 130 | 115 | ||
Crown Castle Inc. | 2.250% | 1/15/31 | 125 | 102 | ||
Crown Castle Inc. | 2.100% | 4/1/31 | 175 | 140 | ||
Crown Castle Inc. | 2.500% | 7/15/31 | 60 | 49 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Crown Castle Inc. | 5.100% | 5/1/33 | 85 | 82 | ||
Crown Castle Inc. | 5.800% | 3/1/34 | 100 | 102 | ||
Crown Castle Inc. | 2.900% | 4/1/41 | 160 | 111 | ||
Crown Castle Inc. | 3.250% | 1/15/51 | 162 | 109 | ||
Digital Realty Trust LP | 3.700% | 8/15/27 | 185 | 176 | ||
Digital Realty Trust LP | 5.550% | 1/15/28 | 100 | 101 | ||
Digital Realty Trust LP | 3.600% | 7/1/29 | 130 | 120 | ||
Equinix Inc. | 3.200% | 11/18/29 | 165 | 148 | ||
Equinix Inc. | 2.150% | 7/15/30 | 94 | 78 | ||
Equinix Inc. | 2.500% | 5/15/31 | 90 | 75 | ||
Equinix Inc. | 3.900% | 4/15/32 | 140 | 127 | ||
ERP Operating LP | 4.500% | 7/1/44 | 85 | 73 | ||
Healthcare Realty Holdings LP | 2.000% | 3/15/31 | 115 | 90 | ||
Healthpeak OP LLC | 3.000% | 1/15/30 | 105 | 92 | ||
Healthpeak OP LLC | 5.250% | 12/15/32 | 110 | 108 | ||
1 | Host Hotels & Resorts LP | 3.500% | 9/15/30 | 60 | 53 | |
Prologis LP | 4.875% | 6/15/28 | 80 | 80 | ||
Prologis LP | 2.250% | 4/15/30 | 125 | 107 | ||
Prologis LP | 1.250% | 10/15/30 | 80 | 63 | ||
Prologis LP | 4.750% | 6/15/33 | 75 | 73 | ||
Prologis LP | 5.125% | 1/15/34 | 105 | 104 | ||
Prologis LP | 5.000% | 3/15/34 | 150 | 147 | ||
Prologis LP | 5.250% | 6/15/53 | 125 | 121 | ||
Realty Income Corp. | 3.250% | 1/15/31 | 165 | 146 | ||
Realty Income Corp. | 5.625% | 10/13/32 | 150 | 152 | ||
Realty Income Corp. | 5.125% | 2/15/34 | 25 | 24 | ||
Sabra Health Care LP | 3.200% | 12/1/31 | 135 | 110 | ||
Simon Property Group LP | 3.500% | 9/1/25 | 160 | 156 | ||
Simon Property Group LP | 3.300% | 1/15/26 | 242 | 234 | ||
Simon Property Group LP | 3.250% | 11/30/26 | 50 | 48 | ||
Simon Property Group LP | 3.375% | 6/15/27 | 70 | 66 | ||
Simon Property Group LP | 3.375% | 12/1/27 | 145 | 137 | ||
Simon Property Group LP | 1.750% | 2/1/28 | 50 | 44 | ||
Simon Property Group LP | 2.450% | 9/13/29 | 225 | 196 | ||
Simon Property Group LP | 2.650% | 7/15/30 | 120 | 104 | ||
Simon Property Group LP | 3.250% | 9/13/49 | 153 | 106 | ||
Simon Property Group LP | 3.800% | 7/15/50 | 90 | 68 | ||
Sun Communities Operating LP | 2.700% | 7/15/31 | 165 | 135 | ||
Ventas Realty LP | 4.400% | 1/15/29 | 125 | 120 | ||
Welltower OP LLC | 4.250% | 4/15/28 | 160 | 155 | ||
Welltower OP LLC | 3.100% | 1/15/30 | 125 | 112 | ||
Welltower OP LLC | 2.800% | 6/1/31 | 20 | 17 | ||
9,346 | ||||||
Technology (11.4%) | ||||||
Adobe Inc. | 2.150% | 2/1/27 | 150 | 140 | ||
Adobe Inc. | 2.300% | 2/1/30 | 160 | 140 | ||
Apple Inc. | 3.200% | 5/13/25 | 265 | 259 | ||
Apple Inc. | 0.550% | 8/20/25 | 250 | 235 | ||
Apple Inc. | 0.700% | 2/8/26 | 300 | 277 | ||
Apple Inc. | 3.250% | 2/23/26 | 495 | 480 | ||
Apple Inc. | 4.421% | 5/8/26 | 85 | 85 | ||
Apple Inc. | 2.450% | 8/4/26 | 270 | 256 | ||
Apple Inc. | 2.050% | 9/11/26 | 277 | 259 | ||
Apple Inc. | 3.350% | 2/9/27 | 260 | 250 | ||
Apple Inc. | 3.200% | 5/11/27 | 205 | 196 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Apple Inc. | 3.000% | 6/20/27 | 220 | 209 | ||
Apple Inc. | 2.900% | 9/12/27 | 280 | 264 | ||
Apple Inc. | 3.000% | 11/13/27 | 165 | 156 | ||
Apple Inc. | 1.200% | 2/8/28 | 300 | 264 | ||
Apple Inc. | 4.000% | 5/10/28 | 140 | 137 | ||
Apple Inc. | 1.400% | 8/5/28 | 295 | 258 | ||
Apple Inc. | 3.250% | 8/8/29 | 120 | 112 | ||
Apple Inc. | 2.200% | 9/11/29 | 250 | 221 | ||
Apple Inc. | 1.650% | 5/11/30 | 320 | 268 | ||
Apple Inc. | 1.250% | 8/20/30 | 150 | 121 | ||
Apple Inc. | 1.650% | 2/8/31 | 310 | 255 | ||
Apple Inc. | 1.700% | 8/5/31 | 100 | 81 | ||
Apple Inc. | 3.350% | 8/8/32 | 375 | 340 | ||
Apple Inc. | 4.500% | 2/23/36 | 223 | 219 | ||
Apple Inc. | 2.375% | 2/8/41 | 235 | 165 | ||
Apple Inc. | 3.850% | 5/4/43 | 320 | 274 | ||
Apple Inc. | 4.450% | 5/6/44 | 75 | 70 | ||
Apple Inc. | 3.450% | 2/9/45 | 170 | 135 | ||
Apple Inc. | 4.375% | 5/13/45 | 300 | 274 | ||
Apple Inc. | 4.650% | 2/23/46 | 480 | 454 | ||
Apple Inc. | 3.850% | 8/4/46 | 285 | 238 | ||
Apple Inc. | 4.250% | 2/9/47 | 185 | 166 | ||
Apple Inc. | 3.750% | 9/12/47 | 220 | 179 | ||
Apple Inc. | 3.750% | 11/13/47 | 195 | 159 | ||
Apple Inc. | 2.950% | 9/11/49 | 265 | 185 | ||
Apple Inc. | 2.400% | 8/20/50 | 225 | 140 | ||
Apple Inc. | 2.650% | 2/8/51 | 365 | 235 | ||
Apple Inc. | 2.700% | 8/5/51 | 225 | 146 | ||
Apple Inc. | 3.950% | 8/8/52 | 250 | 207 | ||
Apple Inc. | 2.550% | 8/20/60 | 190 | 117 | ||
Apple Inc. | 2.800% | 2/8/61 | 320 | 203 | ||
Apple Inc. | 2.850% | 8/5/61 | 265 | 168 | ||
Apple Inc. | 4.100% | 8/8/62 | 210 | 176 | ||
Applied Materials Inc. | 3.300% | 4/1/27 | 186 | 178 | ||
Applied Materials Inc. | 1.750% | 6/1/30 | 80 | 67 | ||
Applied Materials Inc. | 4.350% | 4/1/47 | 215 | 191 | ||
Applied Materials Inc. | 2.750% | 6/1/50 | 20 | 13 | ||
Autodesk Inc. | 2.400% | 12/15/31 | 175 | 145 | ||
Automatic Data Processing Inc. | 3.375% | 9/15/25 | 180 | 176 | ||
Automatic Data Processing Inc. | 1.700% | 5/15/28 | 90 | 80 | ||
Automatic Data Processing Inc. | 1.250% | 9/1/30 | 125 | 101 | ||
Broadcom Corp. | 3.875% | 1/15/27 | 290 | 280 | ||
Broadcom Corp. | 3.500% | 1/15/28 | 110 | 104 | ||
Broadcom Inc. | 3.150% | 11/15/25 | 75 | 72 | ||
Broadcom Inc. | 3.459% | 9/15/26 | 95 | 91 | ||
2 | Broadcom Inc. | 1.950% | 2/15/28 | 110 | 98 | |
Broadcom Inc. | 4.110% | 9/15/28 | 305 | 292 | ||
2 | Broadcom Inc. | 4.000% | 4/15/29 | 135 | 128 | |
Broadcom Inc. | 4.750% | 4/15/29 | 185 | 182 | ||
Broadcom Inc. | 4.150% | 11/15/30 | 250 | 234 | ||
2 | Broadcom Inc. | 2.450% | 2/15/31 | 330 | 275 | |
2 | Broadcom Inc. | 4.150% | 4/15/32 | 180 | 165 | |
Broadcom Inc. | 4.300% | 11/15/32 | 290 | 269 | ||
2 | Broadcom Inc. | 2.600% | 2/15/33 | 295 | 237 | |
2 | Broadcom Inc. | 3.419% | 4/15/33 | 303 | 259 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
2 | Broadcom Inc. | 3.469% | 4/15/34 | 445 | 376 | |
2 | Broadcom Inc. | 3.137% | 11/15/35 | 395 | 313 | |
2 | Broadcom Inc. | 3.187% | 11/15/36 | 365 | 285 | |
2 | Broadcom Inc. | 4.926% | 5/15/37 | 407 | 379 | |
2 | Broadcom Inc. | 3.500% | 2/15/41 | 355 | 271 | |
2 | Broadcom Inc. | 3.750% | 2/15/51 | 255 | 191 | |
Broadridge Financial Solutions Inc. | 2.900% | 12/1/29 | 65 | 57 | ||
Broadridge Financial Solutions Inc. | 2.600% | 5/1/31 | 115 | 96 | ||
CDW LLC | 2.670% | 12/1/26 | 310 | 288 | ||
CDW LLC | 3.569% | 12/1/31 | 175 | 152 | ||
Cintas Corp. No. 2 | 3.700% | 4/1/27 | 155 | 150 | ||
Cintas Corp. No. 2 | 4.000% | 5/1/32 | 95 | 89 | ||
Cisco Systems Inc. | 4.900% | 2/26/26 | 140 | 140 | ||
Cisco Systems Inc. | 2.950% | 2/28/26 | 215 | 207 | ||
Cisco Systems Inc. | 2.500% | 9/20/26 | 230 | 217 | ||
Cisco Systems Inc. | 4.800% | 2/26/27 | 275 | 275 | ||
Cisco Systems Inc. | 4.850% | 2/26/29 | 345 | 346 | ||
Cisco Systems Inc. | 4.950% | 2/26/31 | 200 | 200 | ||
Cisco Systems Inc. | 5.050% | 2/26/34 | 400 | 402 | ||
Cisco Systems Inc. | 5.900% | 2/15/39 | 225 | 241 | ||
Cisco Systems Inc. | 5.500% | 1/15/40 | 240 | 248 | ||
Cisco Systems Inc. | 5.300% | 2/26/54 | 275 | 278 | ||
Cisco Systems Inc. | 5.350% | 2/26/64 | 140 | 141 | ||
Corning Inc. | 4.375% | 11/15/57 | 90 | 74 | ||
Corning Inc. | 5.450% | 11/15/79 | 170 | 157 | ||
Dell International LLC | 5.850% | 7/15/25 | 165 | 166 | ||
Dell International LLC | 6.020% | 6/15/26 | 475 | 480 | ||
Dell International LLC | 4.900% | 10/1/26 | 207 | 205 | ||
Dell International LLC | 5.250% | 2/1/28 | 100 | 101 | ||
Dell International LLC | 5.300% | 10/1/29 | 260 | 260 | ||
Dell International LLC | 5.750% | 2/1/33 | 150 | 154 | ||
Dell International LLC | 8.100% | 7/15/36 | 75 | 90 | ||
Dell International LLC | 3.375% | 12/15/41 | 155 | 113 | ||
Equifax Inc. | 5.100% | 12/15/27 | 190 | 189 | ||
Equifax Inc. | 2.350% | 9/15/31 | 140 | 114 | ||
Fidelity National Information Services Inc. | 1.150% | 3/1/26 | 130 | 120 | ||
Fidelity National Information Services Inc. | 1.650% | 3/1/28 | 270 | 238 | ||
Fidelity National Information Services Inc. | 2.250% | 3/1/31 | 135 | 113 | ||
Fidelity National Information Services Inc. | 5.100% | 7/15/32 | 80 | 80 | ||
Fidelity National Information Services Inc. | 3.100% | 3/1/41 | 110 | 79 | ||
Fiserv Inc. | 3.850% | 6/1/25 | 60 | 59 | ||
Fiserv Inc. | 3.200% | 7/1/26 | 240 | 229 | ||
Fiserv Inc. | 2.250% | 6/1/27 | 210 | 192 | ||
Fiserv Inc. | 5.450% | 3/2/28 | 110 | 111 | ||
Fiserv Inc. | 4.200% | 10/1/28 | 210 | 201 | ||
Fiserv Inc. | 3.500% | 7/1/29 | 385 | 354 | ||
Fiserv Inc. | 2.650% | 6/1/30 | 110 | 95 | ||
Fiserv Inc. | 5.600% | 3/2/33 | 80 | 81 | ||
Fiserv Inc. | 5.625% | 8/21/33 | 155 | 157 | ||
Fiserv Inc. | 4.400% | 7/1/49 | 287 | 240 | ||
Hewlett Packard Enterprise Co. | 4.900% | 10/15/25 | 310 | 308 | ||
Hewlett Packard Enterprise Co. | 1.750% | 4/1/26 | 105 | 98 | ||
Hewlett Packard Enterprise Co. | 6.350% | 10/15/45 | 189 | 195 | ||
HP Inc. | 2.200% | 6/17/25 | 185 | 178 | ||
HP Inc. | 3.000% | 6/17/27 | 110 | 103 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
HP Inc. | 4.750% | 1/15/28 | 80 | 79 | ||
HP Inc. | 4.000% | 4/15/29 | 125 | 119 | ||
HP Inc. | 2.650% | 6/17/31 | 190 | 159 | ||
HP Inc. | 5.500% | 1/15/33 | 160 | 160 | ||
HP Inc. | 6.000% | 9/15/41 | 173 | 177 | ||
Intel Corp. | 3.400% | 3/25/25 | 235 | 230 | ||
Intel Corp. | 3.700% | 7/29/25 | 205 | 201 | ||
Intel Corp. | 4.875% | 2/10/26 | 130 | 130 | ||
Intel Corp. | 2.600% | 5/19/26 | 95 | 90 | ||
Intel Corp. | 3.750% | 3/25/27 | 75 | 73 | ||
Intel Corp. | 3.150% | 5/11/27 | 190 | 180 | ||
Intel Corp. | 3.750% | 8/5/27 | 180 | 173 | ||
Intel Corp. | 4.875% | 2/10/28 | 270 | 269 | ||
Intel Corp. | 1.600% | 8/12/28 | 105 | 91 | ||
Intel Corp. | 4.000% | 8/5/29 | 120 | 115 | ||
Intel Corp. | 2.450% | 11/15/29 | 250 | 219 | ||
Intel Corp. | 5.125% | 2/10/30 | 140 | 141 | ||
Intel Corp. | 3.900% | 3/25/30 | 175 | 165 | ||
Intel Corp. | 2.000% | 8/12/31 | 180 | 146 | ||
Intel Corp. | 4.150% | 8/5/32 | 140 | 132 | ||
Intel Corp. | 4.000% | 12/15/32 | 130 | 120 | ||
Intel Corp. | 5.200% | 2/10/33 | 240 | 240 | ||
Intel Corp. | 5.150% | 2/21/34 | 125 | 124 | ||
Intel Corp. | 4.600% | 3/25/40 | 125 | 116 | ||
Intel Corp. | 2.800% | 8/12/41 | 135 | 96 | ||
Intel Corp. | 4.800% | 10/1/41 | 155 | 145 | ||
Intel Corp. | 5.625% | 2/10/43 | 255 | 259 | ||
Intel Corp. | 4.900% | 7/29/45 | 240 | 227 | ||
Intel Corp. | 4.100% | 5/19/46 | 160 | 132 | ||
Intel Corp. | 4.100% | 5/11/47 | 155 | 127 | ||
Intel Corp. | 3.734% | 12/8/47 | 300 | 227 | ||
Intel Corp. | 3.250% | 11/15/49 | 335 | 231 | ||
Intel Corp. | 4.750% | 3/25/50 | 275 | 244 | ||
Intel Corp. | 3.050% | 8/12/51 | 175 | 116 | ||
Intel Corp. | 4.900% | 8/5/52 | 160 | 147 | ||
Intel Corp. | 5.700% | 2/10/53 | 305 | 308 | ||
Intel Corp. | 3.100% | 2/15/60 | 90 | 57 | ||
Intel Corp. | 4.950% | 3/25/60 | 85 | 78 | ||
Intel Corp. | 3.200% | 8/12/61 | 100 | 64 | ||
Intel Corp. | 5.050% | 8/5/62 | 90 | 83 | ||
Intel Corp. | 5.900% | 2/10/63 | 190 | 198 | ||
International Business Machines Corp. | 4.000% | 7/27/25 | 80 | 79 | ||
International Business Machines Corp. | 4.500% | 2/6/26 | 120 | 119 | ||
International Business Machines Corp. | 3.450% | 2/19/26 | 178 | 173 | ||
International Business Machines Corp. | 3.300% | 5/15/26 | 330 | 318 | ||
International Business Machines Corp. | 1.700% | 5/15/27 | 215 | 194 | ||
International Business Machines Corp. | 4.150% | 7/27/27 | 150 | 146 | ||
International Business Machines Corp. | 4.500% | 2/6/28 | 180 | 178 | ||
International Business Machines Corp. | 3.500% | 5/15/29 | 375 | 350 | ||
International Business Machines Corp. | 1.950% | 5/15/30 | 320 | 268 | ||
International Business Machines Corp. | 4.400% | 7/27/32 | 70 | 67 | ||
International Business Machines Corp. | 4.750% | 2/6/33 | 105 | 102 | ||
International Business Machines Corp. | 4.150% | 5/15/39 | 300 | 262 | ||
International Business Machines Corp. | 4.000% | 6/20/42 | 145 | 121 | ||
International Business Machines Corp. | 4.250% | 5/15/49 | 350 | 293 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
International Business Machines Corp. | 2.950% | 5/15/50 | 180 | 119 | ||
International Business Machines Corp. | 4.900% | 7/27/52 | 125 | 116 | ||
Intuit Inc. | 5.200% | 9/15/33 | 165 | 167 | ||
Intuit Inc. | 5.500% | 9/15/53 | 185 | 191 | ||
KLA Corp. | 4.100% | 3/15/29 | 55 | 53 | ||
KLA Corp. | 4.650% | 7/15/32 | 100 | 97 | ||
KLA Corp. | 3.300% | 3/1/50 | 160 | 115 | ||
KLA Corp. | 4.950% | 7/15/52 | 200 | 190 | ||
KLA Corp. | 5.250% | 7/15/62 | 90 | 87 | ||
Lam Research Corp. | 3.750% | 3/15/26 | 120 | 117 | ||
Lam Research Corp. | 4.000% | 3/15/29 | 170 | 164 | ||
Lam Research Corp. | 1.900% | 6/15/30 | 65 | 55 | ||
Lam Research Corp. | 4.875% | 3/15/49 | 140 | 132 | ||
Lam Research Corp. | 2.875% | 6/15/50 | 85 | 57 | ||
Marvell Technology Inc. | 2.950% | 4/15/31 | 145 | 124 | ||
Microchip Technology Inc. | 4.250% | 9/1/25 | 155 | 152 | ||
Micron Technology Inc. | 6.750% | 11/1/29 | 165 | 175 | ||
Micron Technology Inc. | 4.663% | 2/15/30 | 125 | 121 | ||
Micron Technology Inc. | 2.703% | 4/15/32 | 220 | 180 | ||
Micron Technology Inc. | 5.875% | 2/9/33 | 95 | 97 | ||
Micron Technology Inc. | 5.875% | 9/15/33 | 30 | 31 | ||
Microsoft Corp. | 2.400% | 8/8/26 | 575 | 544 | ||
2 | Microsoft Corp. | 3.400% | 9/15/26 | 115 | 111 | |
Microsoft Corp. | 3.300% | 2/6/27 | 485 | 468 | ||
Microsoft Corp. | 3.500% | 2/12/35 | 300 | 272 | ||
Microsoft Corp. | 3.450% | 8/8/36 | 325 | 286 | ||
Microsoft Corp. | 4.100% | 2/6/37 | 120 | 113 | ||
Microsoft Corp. | 4.450% | 11/3/45 | 205 | 195 | ||
Microsoft Corp. | 3.700% | 8/8/46 | 171 | 142 | ||
Microsoft Corp. | 4.250% | 2/6/47 | 125 | 115 | ||
4 | Microsoft Corp. | 2.525% | 6/1/50 | 800 | 516 | |
2 | Microsoft Corp. | 2.500% | 9/15/50 | 295 | 187 | |
Microsoft Corp. | 2.921% | 3/17/52 | 799 | 551 | ||
Microsoft Corp. | 4.500% | 2/6/57 | 100 | 94 | ||
Microsoft Corp. | 2.675% | 6/1/60 | 520 | 328 | ||
Microsoft Corp. | 3.041% | 3/17/62 | 310 | 211 | ||
Motorola Solutions Inc. | 4.600% | 5/23/29 | 160 | 156 | ||
Motorola Solutions Inc. | 2.300% | 11/15/30 | 120 | 99 | ||
Motorola Solutions Inc. | 2.750% | 5/24/31 | 135 | 113 | ||
NetApp Inc. | 1.875% | 6/22/25 | 140 | 133 | ||
NVIDIA Corp. | 3.200% | 9/16/26 | 170 | 164 | ||
NVIDIA Corp. | 1.550% | 6/15/28 | 168 | 149 | ||
NVIDIA Corp. | 2.850% | 4/1/30 | 155 | 140 | ||
NVIDIA Corp. | 2.000% | 6/15/31 | 190 | 159 | ||
NVIDIA Corp. | 3.500% | 4/1/40 | 180 | 151 | ||
NVIDIA Corp. | 3.500% | 4/1/50 | 235 | 184 | ||
NXP BV | 4.300% | 6/18/29 | 265 | 253 | ||
NXP BV | 3.400% | 5/1/30 | 135 | 121 | ||
NXP BV | 2.500% | 5/11/31 | 160 | 132 | ||
NXP BV | 2.650% | 2/15/32 | 90 | 74 | ||
NXP BV | 5.000% | 1/15/33 | 175 | 169 | ||
NXP BV | 3.250% | 5/11/41 | 95 | 70 | ||
Oracle Corp. | 2.500% | 4/1/25 | 450 | 436 | ||
Oracle Corp. | 2.950% | 5/15/25 | 360 | 349 | ||
Oracle Corp. | 5.800% | 11/10/25 | 175 | 176 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Oracle Corp. | 1.650% | 3/25/26 | 350 | 325 | ||
Oracle Corp. | 2.650% | 7/15/26 | 390 | 367 | ||
Oracle Corp. | 2.800% | 4/1/27 | 290 | 270 | ||
Oracle Corp. | 3.250% | 11/15/27 | 325 | 305 | ||
Oracle Corp. | 2.300% | 3/25/28 | 290 | 260 | ||
Oracle Corp. | 4.500% | 5/6/28 | 45 | 44 | ||
Oracle Corp. | 6.150% | 11/9/29 | 185 | 193 | ||
Oracle Corp. | 2.950% | 4/1/30 | 430 | 379 | ||
Oracle Corp. | 4.650% | 5/6/30 | 91 | 89 | ||
Oracle Corp. | 2.875% | 3/25/31 | 425 | 367 | ||
Oracle Corp. | 6.250% | 11/9/32 | 320 | 338 | ||
Oracle Corp. | 4.900% | 2/6/33 | 250 | 241 | ||
Oracle Corp. | 4.300% | 7/8/34 | 280 | 254 | ||
Oracle Corp. | 3.900% | 5/15/35 | 180 | 155 | ||
Oracle Corp. | 3.850% | 7/15/36 | 230 | 193 | ||
Oracle Corp. | 3.800% | 11/15/37 | 240 | 197 | ||
Oracle Corp. | 6.500% | 4/15/38 | 190 | 203 | ||
Oracle Corp. | 6.125% | 7/8/39 | 210 | 216 | ||
Oracle Corp. | 3.600% | 4/1/40 | 415 | 320 | ||
Oracle Corp. | 5.375% | 7/15/40 | 320 | 306 | ||
Oracle Corp. | 3.650% | 3/25/41 | 270 | 208 | ||
Oracle Corp. | 4.500% | 7/8/44 | 270 | 227 | ||
Oracle Corp. | 4.125% | 5/15/45 | 340 | 269 | ||
Oracle Corp. | 4.000% | 7/15/46 | 385 | 296 | ||
Oracle Corp. | 4.000% | 11/15/47 | 260 | 199 | ||
Oracle Corp. | 3.600% | 4/1/50 | 511 | 360 | ||
Oracle Corp. | 3.950% | 3/25/51 | 435 | 324 | ||
Oracle Corp. | 6.900% | 11/9/52 | 350 | 395 | ||
Oracle Corp. | 5.550% | 2/6/53 | 305 | 292 | ||
Oracle Corp. | 4.375% | 5/15/55 | 240 | 188 | ||
Oracle Corp. | 3.850% | 4/1/60 | 395 | 274 | ||
Oracle Corp. | 4.100% | 3/25/61 | 205 | 150 | ||
Qorvo Inc. | 4.375% | 10/15/29 | 105 | 98 | ||
QUALCOMM Inc. | 3.450% | 5/20/25 | 185 | 181 | ||
QUALCOMM Inc. | 3.250% | 5/20/27 | 277 | 264 | ||
QUALCOMM Inc. | 1.300% | 5/20/28 | 60 | 52 | ||
QUALCOMM Inc. | 2.150% | 5/20/30 | 285 | 244 | ||
QUALCOMM Inc. | 1.650% | 5/20/32 | 240 | 187 | ||
QUALCOMM Inc. | 4.650% | 5/20/35 | 95 | 93 | ||
QUALCOMM Inc. | 4.800% | 5/20/45 | 154 | 145 | ||
QUALCOMM Inc. | 4.300% | 5/20/47 | 255 | 221 | ||
QUALCOMM Inc. | 3.250% | 5/20/50 | 100 | 73 | ||
QUALCOMM Inc. | 4.500% | 5/20/52 | 115 | 101 | ||
QUALCOMM Inc. | 6.000% | 5/20/53 | 50 | 55 | ||
Quanta Services Inc. | 2.900% | 10/1/30 | 185 | 160 | ||
RELX Capital Inc. | 4.000% | 3/18/29 | 150 | 143 | ||
RELX Capital Inc. | 3.000% | 5/22/30 | 75 | 67 | ||
Roper Technologies Inc. | 4.200% | 9/15/28 | 170 | 164 | ||
Roper Technologies Inc. | 1.750% | 2/15/31 | 180 | 144 | ||
S&P Global Inc. | 2.450% | 3/1/27 | 190 | 177 | ||
S&P Global Inc. | 2.700% | 3/1/29 | 165 | 149 | ||
S&P Global Inc. | 4.250% | 5/1/29 | 150 | 145 | ||
S&P Global Inc. | 2.900% | 3/1/32 | 165 | 142 | ||
S&P Global Inc. | 3.700% | 3/1/52 | 215 | 166 | ||
Salesforce Inc. | 3.700% | 4/11/28 | 230 | 222 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Salesforce Inc. | 1.500% | 7/15/28 | 55 | 48 | ||
Salesforce Inc. | 1.950% | 7/15/31 | 200 | 164 | ||
Salesforce Inc. | 2.700% | 7/15/41 | 200 | 143 | ||
Salesforce Inc. | 2.900% | 7/15/51 | 285 | 190 | ||
Salesforce Inc. | 3.050% | 7/15/61 | 170 | 109 | ||
ServiceNow Inc. | 1.400% | 9/1/30 | 214 | 172 | ||
Texas Instruments Inc. | 1.375% | 3/12/25 | 150 | 144 | ||
Texas Instruments Inc. | 2.250% | 9/4/29 | 175 | 154 | ||
Texas Instruments Inc. | 1.750% | 5/4/30 | 40 | 33 | ||
Texas Instruments Inc. | 4.900% | 3/14/33 | 125 | 125 | ||
Texas Instruments Inc. | 3.875% | 3/15/39 | 115 | 101 | ||
Texas Instruments Inc. | 4.150% | 5/15/48 | 220 | 187 | ||
Texas Instruments Inc. | 5.150% | 2/8/54 | 100 | 99 | ||
Texas Instruments Inc. | 5.050% | 5/18/63 | 205 | 196 | ||
TSMC Arizona Corp. | 1.750% | 10/25/26 | 200 | 184 | ||
TSMC Arizona Corp. | 3.875% | 4/22/27 | 90 | 87 | ||
TSMC Arizona Corp. | 2.500% | 10/25/31 | 195 | 165 | ||
TSMC Arizona Corp. | 4.250% | 4/22/32 | 140 | 135 | ||
TSMC Arizona Corp. | 3.125% | 10/25/41 | 200 | 159 | ||
TSMC Arizona Corp. | 3.250% | 10/25/51 | 140 | 106 | ||
TSMC Arizona Corp. | 4.500% | 4/22/52 | 100 | 96 | ||
Verisk Analytics Inc. | 4.000% | 6/15/25 | 241 | 237 | ||
VMware LLC | 4.500% | 5/15/25 | 125 | 124 | ||
VMware LLC | 1.400% | 8/15/26 | 220 | 200 | ||
VMware LLC | 3.900% | 8/21/27 | 255 | 243 | ||
VMware LLC | 1.800% | 8/15/28 | 240 | 208 | ||
VMware LLC | 4.700% | 5/15/30 | 155 | 149 | ||
VMware LLC | 2.200% | 8/15/31 | 145 | 117 | ||
Workday Inc. | 3.500% | 4/1/27 | 65 | 62 | ||
Workday Inc. | 3.700% | 4/1/29 | 165 | 154 | ||
Workday Inc. | 3.800% | 4/1/32 | 255 | 230 | ||
Xilinx Inc. | 2.375% | 6/1/30 | 120 | 104 | ||
58,667 | ||||||
Utilities (0.1%) | ||||||
American Water Capital Corp. | 4.450% | 6/1/32 | 180 | 172 | ||
American Water Capital Corp. | 6.593% | 10/15/37 | 102 | 115 | ||
American Water Capital Corp. | 3.750% | 9/1/47 | 115 | 89 | ||
Commonwealth Edison Co. | 4.000% | 3/1/48 | 80 | 64 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Oncor Electric Delivery Co. LLC | 5.650% | 11/15/33 | 100 | 103 | ||
PPL Electric Utilities Corp. | 5.250% | 5/15/53 | 95 | 92 | ||
635 | ||||||
Total Corporate Bonds (Cost $543,368) | 507,632 | |||||
Total Investments (98.5%) (Cost $543,561) | 507,825 | |||||
Other Assets and Liabilities—Net (1.5%) | 7,781 | |||||
Net Assets (100%) | 515,606 |
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 29, 2024, the aggregate value was $3,884,000, representing 0.8% 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 29, 2024. |
4 | Securities with a value of $156,000 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) | |
Long Futures Contracts | ||||
2-Year U.S. Treasury Note | June 2024 | 2 | 410 | — |
Ultra 10-Year U.S. Treasury Note | June 2024 | 1 | 114 | — |
Ultra Long U.S. Treasury Bond | June 2024 | 1 | 128 | — |
— | ||||
Short Futures Contracts | ||||
Long U.S. Treasury Bond | June 2024 | (4) | (477) | (2) |
(2) |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value—Unaffiliated Issuers (Cost $543,561) | 507,825 |
Investment in Vanguard | 16 |
Cash | 2,055 |
Receivables for Investment Securities Sold | 4,362 |
Receivables for Accrued Income | 5,871 |
Total Assets | 520,129 |
Liabilities | |
Payables for Investment Securities Purchased | 4,487 |
Payables to Vanguard | 24 |
Variation Margin Payable—Futures Contracts | 12 |
Total Liabilities | 4,523 |
Net Assets | 515,606 |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 566,807 |
Total Distributable Earnings (Loss) | (51,201) |
Net Assets | 515,606 |
Net Assets | |
Applicable to 8,300,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 515,606 |
Net Asset Value Per Share | $62.12 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Interest | 10,143 |
Total Income | 10,143 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 5 |
Management and Administrative | 225 |
Marketing and Distribution | 12 |
Custodian Fees | 7 |
Shareholders’ Reports | 14 |
Trustees’ Fees and Expenses | — |
Professional Services | 14 |
Other Expenses | 1 |
Total Expenses | 278 |
Net Investment Income | 9,865 |
Realized Net Gain (Loss) | |
Investment Securities Sold | (3,589) |
Futures Contracts | (36) |
Realized Net Gain (Loss) | (3,625) |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities | 11,452 |
Futures Contracts | 1 |
Change in Unrealized Appreciation (Depreciation) | 11,453 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 17,693 |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 9,865 | 13,353 | |
Realized Net Gain (Loss) | (3,625) | (7,990) | |
Change in Unrealized Appreciation (Depreciation) | 11,453 | (1,152) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 17,693 | 4,211 | |
Distributions | |||
Total Distributions | (9,491) | (12,789) | |
Capital Share Transactions | |||
Issued | 79,280 | 104,363 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | — | (5,969) | |
Net Increase (Decrease) from Capital Share Transactions | 79,280 | 98,394 | |
Total Increase (Decrease) | 87,482 | 89,816 | |
Net Assets | |||
Beginning of Period | 428,124 | 338,308 | |
End of Period | 515,606 | 428,124 |
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | September 22, 20201 to August 31, 2021 | |
2023 | 2022 | |||
Net Asset Value, Beginning of Period | $61.16 | $62.65 | $74.86 | $75.00 |
Investment Operations | ||||
Net Investment Income2 | 1.295 | 2.217 | 1.542 | 1.211 |
Net Realized and Unrealized Gain (Loss) on Investments | .925 | (1.574) | (12.307) | (.330) |
Total from Investment Operations | 2.220 | .643 | (10.765) | .881 |
Distributions | ||||
Dividends from Net Investment Income | (1.260) | (2.133) | (1.445) | (1.021) |
Distributions from Realized Capital Gains | — | — | — | — |
Total Distributions | (1.260) | (2.133) | (1.445) | (1.021) |
Net Asset Value, End of Period | $62.12 | $61.16 | $62.65 | $74.86 |
Total Return | 3.69% | 1.09% | -14.54% | 1.20% |
Ratios/Supplemental Data | ||||
Net Assets, End of Period (Millions) | $516 | $428 | $338 | $217 |
Ratio of Total Expenses to Average Net Assets | 0.12% | 0.12%3 | 0.12%3 | 0.12%4 |
Ratio of Net Investment Income to Average Net Assets | 4.26% | 3.62% | 2.26% | 1.74%4 |
Portfolio Turnover Rate5 | 14% | 28% | 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 | ||||
U.S. Government and Agency Obligations | — | 193 | — | 193 |
Corporate Bonds | — | 507,632 | — | 507,632 |
Total | — | 507,825 | — | 507,825 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 2 | — | — | 2 |
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 | 543,561 |
Gross Unrealized Appreciation | 4,123 |
Gross Unrealized Depreciation | (39,861) |
Net Unrealized Appreciation (Depreciation) | (35,738) |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
Shares (000) | Shares (000) | ||
Issued | 1,300 | 1,700 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | — | (100) | |
Net Increase (Decrease) in Shares Outstanding | 1,300 | 1,600 |
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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. In February 2024, a third-party service provider began performing security pricing services for the Registrant. There were no other changes in the Registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
Item 12: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13: Exhibits.
(a)(2) | Certifications filed herewith. | |
(a)(2) | 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 25, 2024
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
VANGUARD WORLD FUND | |||
BY: | /s/ MORTIMER J. BUCKLEY* | ||
MORTIMER J. BUCKLEY | |||
CHIEF EXECUTIVE OFFICER |
Date: April 25, 2024
VANGUARD WORLD FUND | |||
BY: | /s/ CHRISTINE BUCHANAN* | ||
CHRISTINE BUCHANAN | |||
CHIEF FINANCIAL OFFICER | |||
Date: April 25, 2024 | |||
* By: | /s/ Anne E. Robinson |
Anne E. Robinson, pursuant to a Power of Attorney filed on July 21, 2023 (see File Number 33-53683) and to a Power of Attorney filed on March 29, 2023 (see File Number 2-11444), Incorporated by Reference.