Vanguard® ESG U.S. Stock ETF
Schedule of Investments (unaudited)
As of May 31, 2024
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
Shares | Market Value ($000) | |||||
Common Stocks (99.5%) | ||||||
Basic Materials (1.6%) | ||||||
Linde plc | 98,422 | 42,865 | ||||
Air Products and Chemicals Inc. | 44,800 | 11,948 | ||||
Newmont Corp. | 233,455 | 9,791 | ||||
Nucor Corp. | 49,731 | 8,397 | ||||
Fastenal Co. | 115,139 | 7,597 | ||||
LyondellBasell Industries NV Class A | 52,301 | 5,200 | ||||
International Flavors & Fragrances Inc. | 51,683 | 4,971 | ||||
Steel Dynamics Inc. | 30,929 | 4,140 | ||||
Avery Dennison Corp. | 16,304 | 3,711 | ||||
Reliance Inc. | 11,574 | 3,481 | ||||
International Paper Co. | 69,708 | 3,143 | ||||
CF Industries Holdings Inc. | 38,832 | 3,096 | ||||
Albemarle Corp. | 23,691 | 2,904 | ||||
Mosaic Co. | 65,947 | 2,040 | ||||
United States Steel Corp. | 44,712 | 1,715 | ||||
Royal Gold Inc. | 13,290 | 1,704 | ||||
FMC Corp. | 25,341 | 1,545 | ||||
UFP Industries Inc. | 12,214 | 1,459 | ||||
Cabot Corp. | 10,784 | 1,103 | ||||
Boise Cascade Co. | 8,007 | 1,099 | ||||
Element Solutions Inc. | 45,748 | 1,099 | ||||
* | Valvoline Inc. | 26,477 | 1,075 | |||
Westlake Corp. | 6,536 | 1,049 | ||||
Ashland Inc. | 10,232 | 1,025 | ||||
Balchem Corp. | 6,439 | 989 | ||||
* | Arcadium Lithium plc | 205,981 | 913 | |||
Avient Corp. | 18,710 | 836 | ||||
Huntsman Corp. | 33,409 | 829 | ||||
Hecla Mining Co. | 119,423 | 703 | ||||
NewMarket Corp. | 1,214 | 650 | ||||
Innospec Inc. | 4,972 | 650 | ||||
Sensient Technologies Corp. | 8,321 | 646 | ||||
Scotts Miracle-Gro Co. | 8,537 | 595 | ||||
Minerals Technologies Inc. | 6,543 | 568 | ||||
* | Constellium SE Class A | 25,750 | 558 | |||
Quaker Chemical Corp. | 2,790 | 506 | ||||
Sylvamo Corp. | 6,797 | 485 | ||||
Tronox Holdings plc | 24,337 | 482 | ||||
* | Coeur Mining Inc. | 70,828 | 407 | |||
Stepan Co. | 4,363 | 380 | ||||
* | Ingevity Corp. | 6,781 | 331 | |||
* | MP Materials Corp. | 19,392 | 315 | |||
Kaiser Aluminum Corp. | 2,930 | 287 | ||||
Orion SA | 10,441 | 260 | ||||
Worthington Steel Inc. | 6,101 | 201 | ||||
* | Century Aluminum Co. | 10,032 | 184 | |||
*,1 | Sigma Lithium Corp. | 11,984 | 183 | |||
Compass Minerals International Inc. | 6,328 | 82 | ||||
138,197 | ||||||
Consumer Discretionary (15.1%) | ||||||
* | Amazon.com Inc. | 1,824,482 | 321,912 | |||
* | Tesla Inc. | 559,253 | 99,592 | |||
Costco Wholesale Corp. | 89,783 | 72,714 | ||||
Home Depot Inc. | 202,987 | 67,974 | ||||
* | Netflix Inc. | 86,538 | 55,525 | |||
Walt Disney Co. | 369,927 | 38,439 | ||||
McDonald's Corp. | 147,869 | 38,282 | ||||
Booking Holdings Inc. | 7,057 | 26,650 | ||||
Lowe's Cos. Inc. | 116,834 | 25,854 | ||||
* | Uber Technologies Inc. | 398,005 | 25,695 | |||
TJX Cos. Inc. | 230,608 | 23,776 | ||||
NIKE Inc. Class B | 237,743 | 22,597 |
Shares | Market Value ($000) | |||||
Starbucks Corp. | 224,714 | 18,027 | ||||
* | Chipotle Mexican Grill Inc. Class A | 5,573 | 17,441 | |||
* | MercadoLibre Inc. | 9,368 | 16,165 | |||
Target Corp. | 92,991 | 14,521 | ||||
* | Airbnb Inc. Class A | 83,727 | 12,135 | |||
* | O'Reilly Automotive Inc. | 11,941 | 11,502 | |||
Marriott International Inc. Class A | 48,491 | 11,210 | ||||
Hilton Worldwide Holdings Inc. | 50,443 | 10,119 | ||||
* | AutoZone Inc. | 3,497 | 9,686 | |||
Ford Motor Co. | 794,496 | 9,637 | ||||
Ross Stores Inc. | 66,908 | 9,351 | ||||
* | Copart Inc. | 173,827 | 9,223 | |||
* | Spotify Technology SA | 28,343 | 8,412 | |||
* | Trade Desk Inc. Class A | 89,151 | 8,271 | |||
Lennar Corp. Class A | 50,171 | 8,045 | ||||
Yum! Brands Inc. | 56,594 | 7,778 | ||||
Electronic Arts Inc. | 54,611 | 7,257 | ||||
* | Lululemon Athletica Inc. | 22,516 | 7,025 | |||
* | Royal Caribbean Cruises Ltd. | 47,175 | 6,967 | |||
Tractor Supply Co. | 21,895 | 6,246 | ||||
Dollar General Corp. | 44,298 | 6,065 | ||||
Estee Lauder Cos. Inc. Class A | 46,520 | 5,739 | ||||
eBay Inc. | 105,025 | 5,694 | ||||
* | Deckers Outdoor Corp. | 5,157 | 5,641 | |||
* | Take-Two Interactive Software Inc. | 33,350 | 5,348 | |||
Garmin Ltd. | 31,098 | 5,095 | ||||
PulteGroup Inc. | 43,273 | 5,077 | ||||
* | Coupang Inc. | 221,658 | 5,040 | |||
* | Dollar Tree Inc. | 41,555 | 4,901 | |||
* | Aptiv plc | 54,742 | 4,558 | |||
* | NVR Inc. | 582 | 4,470 | |||
Genuine Parts Co. | 28,315 | 4,081 | ||||
* | Ulta Beauty Inc. | 9,844 | 3,889 | |||
Williams-Sonoma Inc. | 12,930 | 3,791 | ||||
Omnicom Group Inc. | 39,630 | 3,684 | ||||
* | Warner Bros Discovery Inc. | 446,506 | 3,679 | |||
Domino's Pizza Inc. | 7,112 | 3,617 | ||||
Best Buy Co. Inc. | 38,963 | 3,305 | ||||
* | ROBLOX Corp. Class A | 94,963 | 3,193 | |||
* | Burlington Stores Inc. | 13,130 | 3,152 | |||
* | Expedia Group Inc. | 26,901 | 3,036 | |||
* | Carnival Corp. | 200,910 | 3,030 | |||
* | Live Nation Entertainment Inc. | 31,647 | 2,967 | |||
* | Liberty Media Corp.-Liberty Formula One Class C | 38,800 | 2,877 | |||
Pool Corp. | 7,619 | 2,770 | ||||
News Corp. Class A | 98,863 | 2,688 | ||||
Toll Brothers Inc. | 21,097 | 2,566 | ||||
* | Floor & Decor Holdings Inc. Class A | 21,050 | 2,460 | |||
Interpublic Group of Cos. Inc. | 78,156 | 2,452 | ||||
* | BJ's Wholesale Club Holdings Inc. | 26,979 | 2,376 | |||
Rollins Inc. | 51,868 | 2,370 | ||||
Bath & Body Works Inc. | 45,626 | 2,370 | ||||
LKQ Corp. | 54,073 | 2,327 | ||||
* | CarMax Inc. | 31,991 | 2,248 | |||
Wingstop Inc. | 5,988 | 2,207 | ||||
* | Grab Holdings Ltd. Class A | 599,623 | 2,201 | |||
Fox Corp. Class A | 61,793 | 2,128 | ||||
Service Corp. International | 29,150 | 2,089 | ||||
* | Carvana Co. Class A | 20,671 | 2,067 | |||
* | elf Beauty Inc. | 10,867 | 2,031 | |||
Tapestry Inc. | 46,341 | 2,015 | ||||
* | Skechers USA Inc. Class A | 26,996 | 1,928 | |||
Autoliv Inc. | 14,978 | 1,911 | ||||
* | Crocs Inc. | 12,061 | 1,877 | |||
* | On Holding AG Class A | 42,338 | 1,801 | |||
Tempur Sealy International Inc. | 33,738 | 1,733 | ||||
Murphy USA Inc. | 3,877 | 1,701 | ||||
Aramark | 52,539 | 1,689 | ||||
* | Abercrombie & Fitch Co. Class A | 9,726 | 1,681 | |||
BorgWarner Inc. | 47,051 | 1,678 |
Shares | Market Value ($000) | |||||
New York Times Co. Class A | 32,609 | 1,670 | ||||
Delta Air Lines Inc. | 32,277 | 1,647 | ||||
Gentex Corp. | 46,912 | 1,642 | ||||
Hasbro Inc. | 26,473 | 1,583 | ||||
* | Etsy Inc. | 24,110 | 1,530 | |||
* | Five Below Inc. | 11,057 | 1,527 | |||
* | Rivian Automotive Inc. Class A | 136,914 | 1,495 | |||
Ralph Lauren Corp. Class A | 7,958 | 1,487 | ||||
Lear Corp. | 11,776 | 1,476 | ||||
Vail Resorts Inc. | 7,707 | 1,454 | ||||
PVH Corp. | 12,071 | 1,449 | ||||
H&R Block Inc. | 29,001 | 1,440 | ||||
* | Norwegian Cruise Line Holdings Ltd. | 85,177 | 1,414 | |||
Lithia Motors Inc. Class A | 5,552 | 1,405 | ||||
* | SiteOne Landscape Supply Inc. | 9,054 | 1,402 | |||
Paramount Global Class B | 116,999 | 1,393 | ||||
TKO Group Holdings Inc. Class A | 12,451 | 1,358 | ||||
Hyatt Hotels Corp. Class A | 8,804 | 1,298 | ||||
Meritage Homes Corp. | 7,291 | 1,286 | ||||
* | GameStop Corp. Class A | 54,270 | 1,256 | |||
* | Bright Horizons Family Solutions Inc. | 11,703 | 1,230 | |||
* | Taylor Morrison Home Corp. Class A | 20,492 | 1,185 | |||
Wyndham Hotels & Resorts Inc. | 16,483 | 1,166 | ||||
U-Haul Holding Co. | 18,985 | 1,154 | ||||
* | Duolingo Inc. Class A | 6,026 | 1,153 | |||
Gap Inc. | 39,389 | 1,141 | ||||
* | Lyft Inc. Class A | 70,631 | 1,103 | |||
* | Planet Fitness Inc. Class A | 17,283 | 1,100 | |||
Nexstar Media Group Inc. Class A | 6,569 | 1,088 | ||||
Macy's Inc. | 54,690 | 1,065 | ||||
* | Ollie's Bargain Outlet Holdings Inc. | 12,570 | 1,036 | |||
Thor Industries Inc. | 10,405 | 1,033 | ||||
Whirlpool Corp. | 10,981 | 1,022 | ||||
* | Wayfair Inc. Class A | 17,004 | 1,012 | |||
* | Asbury Automotive Group Inc. | 4,226 | 993 | |||
KB Home | 13,892 | 981 | ||||
* | AutoNation Inc. | 5,642 | 961 | |||
VF Corp. | 70,940 | 942 | ||||
Signet Jewelers Ltd. | 8,564 | 938 | ||||
* | Liberty Media Corp.-Liberty SiriusXM Class A | 40,927 | 930 | |||
SharkNinja Inc. | 12,021 | 921 | ||||
Harley-Davidson Inc. | 25,546 | 917 | ||||
* | United Airlines Holdings Inc. | 16,567 | 878 | |||
* | Grand Canyon Education Inc. | 6,037 | 860 | |||
Group 1 Automotive Inc. | 2,762 | 859 | ||||
* | RH | 3,151 | 857 | |||
Advance Auto Parts Inc. | 12,081 | 853 | ||||
American Eagle Outfitters Inc. | 37,208 | 817 | ||||
Kontoor Brands Inc. | 11,055 | 811 | ||||
Southwest Airlines Co. | 29,988 | 805 | ||||
* | Capri Holdings Ltd. | 22,960 | 793 | |||
* | Coty Inc. Class A | 75,999 | 787 | |||
* | Skyline Champion Corp. | 11,125 | 774 | |||
* | Tri Pointe Homes Inc. | 19,019 | 737 | |||
* | YETI Holdings Inc. | 17,933 | 731 | |||
* | Boot Barn Holdings Inc. | 5,996 | 713 | |||
* | Goodyear Tire & Rubber Co. | 57,803 | 712 | |||
* | M/I Homes Inc. | 5,369 | 671 | |||
Choice Hotels International Inc. | 5,919 | 670 | ||||
* | Madison Square Garden Sports Corp. | 3,600 | 665 | |||
* | Hilton Grand Vacations Inc. | 15,964 | 660 | |||
Steven Madden Ltd. | 14,808 | 658 | ||||
Marriott Vacations Worldwide Corp. | 7,040 | 635 | ||||
* | Visteon Corp. | 5,694 | 634 | |||
Travel + Leisure Co. | 14,398 | 633 | ||||
Wendy's Co. | 35,337 | 617 | ||||
Newell Brands Inc. | 77,788 | 601 | ||||
* | Frontdoor Inc. | 16,959 | 600 | |||
Penske Automotive Group Inc. | 3,840 | 584 | ||||
* | Cavco Industries Inc. | 1,632 | 583 |
Shares | Market Value ($000) | |||||
TEGNA Inc. | 38,773 | 578 | ||||
Columbia Sportswear Co. | 6,706 | 574 | ||||
Rush Enterprises Inc. Class A | 12,417 | 560 | ||||
LCI Industries | 5,063 | 556 | ||||
* | Urban Outfitters Inc. | 12,808 | 534 | |||
* | Adient plc | 18,832 | 532 | |||
* | Helen of Troy Ltd. | 4,944 | 528 | |||
Strategic Education Inc. | 4,648 | 527 | ||||
Graham Holdings Co. Class B | 674 | 507 | ||||
Kohl's Corp. | 22,580 | 506 | ||||
Nordstrom Inc. | 22,786 | 504 | ||||
* | Dorman Products Inc. | 5,352 | 492 | |||
Carter's Inc. | 7,171 | 490 | ||||
Century Communities Inc. | 5,764 | 487 | ||||
* | Adtalem Global Education Inc. | 7,401 | 477 | |||
* | Topgolf Callaway Brands Corp. | 28,825 | 451 | |||
HNI Corp. | 9,497 | 447 | ||||
Fox Corp. Class B | 13,912 | 444 | ||||
PriceSmart Inc. | 5,259 | 443 | ||||
Inter Parfums Inc. | 3,683 | 441 | ||||
Foot Locker Inc. | 15,456 | 429 | ||||
Laureate Education Inc. | 27,243 | 427 | ||||
*,1 | Lucid Group Inc. | 148,918 | 423 | |||
* | Fox Factory Holding Corp. | 8,940 | 417 | |||
Avis Budget Group Inc. | 3,614 | 411 | ||||
* | LGI Homes Inc. | 4,236 | 407 | |||
* | TripAdvisor Inc. | 21,992 | 404 | |||
* | Under Armour Inc. Class C | 58,004 | 404 | |||
* | United Parks & Resorts Inc. | 7,543 | 394 | |||
* | Cinemark Holdings Inc. | 22,765 | 393 | |||
Phinia Inc. | 8,785 | 393 | ||||
* | OPENLANE Inc. | 22,485 | 388 | |||
* | Central Garden & Pet Co. Class A | 10,378 | 388 | |||
MillerKnoll Inc. | 14,018 | 387 | ||||
* | QuantumScape Corp. Class A | 65,490 | 387 | |||
* | Atlanta Braves Holdings Inc. Class C | 9,650 | 386 | |||
Acushnet Holdings Corp. | 5,765 | 380 | ||||
* | Six Flags Entertainment Corp. | 14,893 | 379 | |||
* | Sonos Inc. | 23,806 | 376 | |||
* | American Airlines Group Inc. | 31,781 | 365 | |||
* | Victoria's Secret & Co. | 15,848 | 361 | |||
* | Hanesbrands Inc. | 70,338 | 360 | |||
* | Liberty Media Corp.-Liberty Formula One Class A | 5,217 | 357 | |||
Dana Inc. | 24,167 | 340 | ||||
Winnebago Industries Inc. | 5,424 | 337 | ||||
* | Liberty Media Corp.-Liberty Live Class A | 9,214 | 337 | |||
Upbound Group Inc. | 10,248 | 336 | ||||
* | Gentherm Inc. | 6,142 | 331 | |||
* | Liberty Media Corp.-Liberty SiriusXM | 14,498 | 329 | |||
PROG Holdings Inc. | 8,606 | 325 | ||||
Leggett & Platt Inc. | 27,811 | 323 | ||||
Papa John's International Inc. | 6,928 | 322 | ||||
Oxford Industries Inc. | 2,841 | 314 | ||||
Dillard's Inc. Class A | 700 | 313 | ||||
La-Z-Boy Inc. | 8,038 | 302 | ||||
* | Madison Square Garden Entertainment Corp. Class A | 7,900 | 281 | |||
* | Green Brick Partners Inc. | 4,800 | 262 | |||
* | Alaska Air Group Inc. | 5,965 | 251 | |||
* | National Vision Holdings Inc. | 16,097 | 243 | |||
John Wiley & Sons Inc. Class A | 6,655 | 243 | ||||
* | Sally Beauty Holdings Inc. | 19,766 | 241 | |||
* | ODP Corp. | 6,106 | 239 | |||
* | Peloton Interactive Inc. Class A | 65,350 | 238 | |||
Steelcase Inc. Class A | 17,201 | 235 | ||||
* | G-III Apparel Group Ltd. | 7,685 | 231 | |||
Cracker Barrel Old Country Store Inc. | 4,611 | 225 | ||||
* | PowerSchool Holdings Inc. Class A | 10,402 | 223 | |||
Buckle Inc. | 5,669 | 218 | ||||
* | Sabre Corp. | 68,724 | 215 | |||
Jack in the Box Inc. | 3,757 | 208 |
Shares | Market Value ($000) | |||||
* | Sphere Entertainment Co. | 5,632 | 206 | |||
* | Coursera Inc. | 26,779 | 204 | |||
* | U-Haul Holding Co. (XNYS) | 3,073 | 194 | |||
* | AMC Entertainment Holdings Inc. Class A | 44,854 | 194 | |||
* | Lions Gate Entertainment Corp. Class B | 24,160 | 187 | |||
* | Leslie's Inc. | 32,579 | 186 | |||
Scholastic Corp. | 5,051 | 183 | ||||
Lennar Corp. Class B | 1,209 | 177 | ||||
* | Liberty Media Corp.-Liberty Live Class C | 4,610 | 175 | |||
* | Under Armour Inc. Class A | 23,720 | 171 | |||
Krispy Kreme Inc. | 16,200 | 169 | ||||
* | American Axle & Manufacturing Holdings Inc. | 20,865 | 159 | |||
Matthews International Corp. Class A | 5,538 | 157 | ||||
1 | Sirius XM Holdings Inc. | 54,052 | 152 | |||
* | Driven Brands Holdings Inc. | 12,264 | 141 | |||
Monro Inc. | 5,761 | 136 | ||||
* | IMAX Corp. | 8,288 | 136 | |||
* | Beyond Inc. | 8,359 | 126 | |||
Guess? Inc. | 5,338 | 124 | ||||
Gray Television Inc. | 19,078 | 119 | ||||
* | Figs Inc. Class A | 22,386 | 119 | |||
*,1 | Luminar Technologies Inc. Class A | 66,693 | 109 | |||
* | Hertz Global Holdings Inc. | 24,403 | 106 | |||
* | Mister Car Wash Inc. | 14,000 | 98 | |||
* | Chegg Inc. | 24,612 | 94 | |||
* | JetBlue Airways Corp. | 15,750 | 88 | |||
* | Lions Gate Entertainment Corp. Class A | 10,517 | 87 | |||
* | iRobot Corp. | 6,990 | 67 | |||
News Corp. Class B | 2,132 | 59 | ||||
* | Atlanta Braves Holdings Inc. Class A | 1,384 | 58 | |||
Allegiant Travel Co. | 883 | 47 | ||||
Spirit Airlines Inc. | 9,024 | 33 | ||||
1,288,619 | ||||||
Consumer Staples (4.5%) | ||||||
Procter & Gamble Co. | 476,689 | 78,434 | ||||
Coca-Cola Co. | 788,863 | 49,643 | ||||
PepsiCo Inc. | 279,383 | 48,305 | ||||
Mondelez International Inc. Class A | 274,745 | 18,828 | ||||
CVS Health Corp. | 258,952 | 15,434 | ||||
Colgate-Palmolive Co. | 165,880 | 15,420 | ||||
McKesson Corp. | 26,900 | 15,322 | ||||
Kimberly-Clark Corp. | 68,235 | 9,096 | ||||
Corteva Inc. | 142,764 | 7,986 | ||||
General Mills Inc. | 114,637 | 7,881 | ||||
* | Monster Beverage Corp. | 150,603 | 7,819 | |||
Cencora Inc. | 33,983 | 7,700 | ||||
Sysco Corp. | 100,760 | 7,337 | ||||
Kroger Co. | 132,274 | 6,927 | ||||
Archer-Daniels-Midland Co. | 108,085 | 6,749 | ||||
Keurig Dr Pepper Inc. | 193,005 | 6,610 | ||||
Hershey Co. | 30,368 | 6,008 | ||||
Kraft Heinz Co. | 162,444 | 5,746 | ||||
Church & Dwight Co. Inc. | 49,569 | 5,304 | ||||
McCormick & Co. Inc. (Non-Voting) | 51,029 | 3,685 | ||||
Clorox Co. | 25,138 | 3,307 | ||||
Tyson Foods Inc. Class A | 56,605 | 3,241 | ||||
Kellanova | 52,726 | 3,182 | ||||
Bunge Global SA | 29,319 | 3,154 | ||||
Coca-Cola Europacific Partners plc | 40,686 | 2,999 | ||||
Conagra Brands Inc. | 96,304 | 2,878 | ||||
Lamb Weston Holdings Inc. | 29,228 | 2,581 | ||||
* | US Foods Holding Corp. | 45,939 | 2,427 | |||
Walgreens Boots Alliance Inc. | 145,126 | 2,354 | ||||
* | Celsius Holdings Inc. | 29,078 | 2,326 | |||
J M Smucker Co. | 20,792 | 2,321 | ||||
Hormel Foods Corp. | 59,163 | 1,833 | ||||
Albertsons Cos. Inc. Class A | 84,317 | 1,740 | ||||
Campbell Soup Co. | 38,323 | 1,701 | ||||
* | Sprouts Farmers Market Inc. | 20,175 | 1,593 |
Shares | Market Value ($000) | |||||
Ingredion Inc. | 12,979 | 1,526 | ||||
* | BellRing Brands Inc. | 26,133 | 1,520 | |||
* | Darling Ingredients Inc. | 32,087 | 1,296 | |||
* | Freshpet Inc. | 8,904 | 1,168 | |||
* | Post Holdings Inc. | 10,368 | 1,105 | |||
Coca-Cola Consolidated Inc. | 932 | 914 | ||||
Flowers Foods Inc. | 38,613 | 897 | ||||
Lancaster Colony Corp. | 3,949 | 733 | ||||
* | Simply Good Foods Co. | 18,870 | 726 | |||
WD-40 Co. | 2,742 | 616 | ||||
Spectrum Brands Holdings Inc. | 6,209 | 557 | ||||
J & J Snack Foods Corp. | 3,101 | 505 | ||||
Nomad Foods Ltd. | 27,954 | 491 | ||||
Cal-Maine Foods Inc. | 7,935 | 489 | ||||
* | Grocery Outlet Holding Corp. | 18,793 | 413 | |||
Energizer Holdings Inc. | 14,088 | 403 | ||||
* | TreeHouse Foods Inc. | 10,162 | 369 | |||
Edgewell Personal Care Co. | 9,463 | 365 | ||||
Reynolds Consumer Products Inc. | 10,200 | 290 | ||||
WK Kellogg Co. | 12,173 | 231 | ||||
* | Herbalife Ltd. | 21,529 | 222 | |||
* | National Beverage Corp. | 4,386 | 203 | |||
Weis Markets Inc. | 3,028 | 199 | ||||
Nu Skin Enterprises Inc. Class A | 10,052 | 134 | ||||
* | United Natural Foods Inc. | 10,712 | 129 | |||
* | Hain Celestial Group Inc. | 16,590 | 127 | |||
* | USANA Health Sciences Inc. | 2,122 | 101 | |||
* | Olaplex Holdings Inc. | 35,795 | 64 | |||
383,664 | ||||||
Energy (0.2%) | ||||||
* | First Solar Inc. | 21,488 | 5,840 | |||
* | Enphase Energy Inc. | 26,932 | 3,445 | |||
* | NEXTracker Inc. Class A | 25,137 | 1,387 | |||
Arcosa Inc. | 9,976 | 877 | ||||
* | SolarEdge Technologies Inc. | 11,334 | 555 | |||
* | Array Technologies Inc. | 30,788 | 436 | |||
*,1 | Plug Power Inc. | 104,619 | 348 | |||
* | Fluence Energy Inc. | 12,193 | 306 | |||
* | Shoals Technologies Group Inc. Class A | 34,012 | 268 | |||
* | Ameresco Inc. Class A | 6,040 | 221 | |||
*,1 | ChargePoint Holdings Inc. | 75,364 | 127 | |||
*,1 | SunPower Corp. | 13,289 | 44 | |||
13,854 | ||||||
Financials (10.4%) | ||||||
JPMorgan Chase & Co. | 584,156 | 118,368 | ||||
Bank of America Corp. | 1,397,042 | 55,868 | ||||
Goldman Sachs Group Inc. | 64,358 | 29,381 | ||||
S&P Global Inc. | 64,333 | 27,503 | ||||
Progressive Corp. | 118,536 | 25,032 | ||||
Citigroup Inc. | 386,646 | 24,092 | ||||
BlackRock Inc. | 30,047 | 23,197 | ||||
Morgan Stanley | 236,499 | 23,139 | ||||
Chubb Ltd. | 82,115 | 22,238 | ||||
Charles Schwab Corp. | 299,550 | 21,951 | ||||
Marsh & McLennan Cos. Inc. | 100,532 | 20,868 | ||||
Blackstone Inc. | 144,174 | 17,373 | ||||
Intercontinental Exchange Inc. | 114,321 | 15,308 | ||||
CME Group Inc. | 72,663 | 14,749 | ||||
US Bancorp | 315,421 | 12,790 | ||||
Moody's Corp. | 32,095 | 12,741 | ||||
PNC Financial Services Group Inc. | 80,456 | 12,663 | ||||
Apollo Global Management Inc. | 105,426 | 12,246 | ||||
Aon plc Class A | 40,043 | 11,278 | ||||
American International Group Inc. | 142,174 | 11,206 | ||||
Arthur J Gallagher & Co. | 43,311 | 10,972 | ||||
Aflac Inc. | 117,383 | 10,549 | ||||
Truist Financial Corp. | 268,592 | 10,139 | ||||
Travelers Cos. Inc. | 46,117 | 9,947 | ||||
Bank of New York Mellon Corp. | 153,701 | 9,162 |
Shares | Market Value ($000) | |||||
MetLife Inc. | 125,810 | 9,105 | ||||
Allstate Corp. | 53,162 | 8,906 | ||||
Prudential Financial Inc. | 73,549 | 8,852 | ||||
Ameriprise Financial Inc. | 20,219 | 8,828 | ||||
* | Coinbase Global Inc. Class A | 34,691 | 7,837 | |||
MSCI Inc. Class A | 15,509 | 7,680 | ||||
* | Arch Capital Group Ltd. | 72,165 | 7,406 | |||
Hartford Financial Services Group Inc. | 59,793 | 6,186 | ||||
Discover Financial Services | 50,384 | 6,180 | ||||
* | NU Holdings Ltd. Class A | 472,992 | 5,619 | |||
Willis Towers Watson plc | 20,948 | 5,348 | ||||
T. Rowe Price Group Inc. | 44,675 | 5,264 | ||||
Fifth Third Bancorp | 137,034 | 5,128 | ||||
M&T Bank Corp. | 33,476 | 5,075 | ||||
Broadridge Financial Solutions Inc. | 23,611 | 4,740 | ||||
Ares Management Corp. Class A | 33,768 | 4,733 | ||||
Raymond James Financial Inc. | 38,419 | 4,716 | ||||
State Street Corp. | 61,021 | 4,613 | ||||
Nasdaq Inc. | 74,591 | 4,403 | ||||
* | Markel Group Inc. | 2,677 | 4,395 | |||
LPL Financial Holdings Inc. | 15,213 | 4,354 | ||||
Brown & Brown Inc. | 47,988 | 4,295 | ||||
Huntington Bancshares Inc. | 290,014 | 4,037 | ||||
Principal Financial Group Inc. | 48,151 | 3,950 | ||||
First Citizens BancShares Inc. Class A | 2,200 | 3,737 | ||||
Cboe Global Markets Inc. | 21,311 | 3,687 | ||||
Cincinnati Financial Corp. | 30,876 | 3,630 | ||||
Regions Financial Corp. | 187,145 | 3,621 | ||||
Northern Trust Corp. | 40,873 | 3,443 | ||||
Everest Group Ltd. | 8,604 | 3,364 | ||||
Citizens Financial Group Inc. | 93,988 | 3,317 | ||||
W R Berkley Corp. | 40,225 | 3,259 | ||||
FactSet Research Systems Inc. | 7,790 | 3,149 | ||||
Loews Corp. | 37,090 | 2,849 | ||||
Equitable Holdings Inc. | 68,059 | 2,824 | ||||
Reinsurance Group of America Inc. | 13,450 | 2,822 | ||||
KeyCorp | 188,014 | 2,702 | ||||
* | Robinhood Markets Inc. Class A | 128,385 | 2,683 | |||
Interactive Brokers Group Inc. Class A | 20,972 | 2,637 | ||||
Fidelity National Financial Inc. | 52,148 | 2,626 | ||||
Tradeweb Markets Inc. Class A | 23,249 | 2,534 | ||||
RenaissanceRe Holdings Ltd. | 10,458 | 2,383 | ||||
Credicorp Ltd. | 13,768 | 2,276 | ||||
Ally Financial Inc. | 54,779 | 2,135 | ||||
Unum Group | 39,110 | 2,106 | ||||
East West Bancorp Inc. | 28,082 | 2,083 | ||||
Annaly Capital Management Inc. | 100,945 | 1,989 | ||||
American Financial Group Inc. | 14,380 | 1,868 | ||||
Assurant Inc. | 10,688 | 1,854 | ||||
First Horizon Corp. | 111,091 | 1,760 | ||||
Kinsale Capital Group Inc. | 4,420 | 1,696 | ||||
Old Republic International Corp. | 51,185 | 1,627 | ||||
Stifel Financial Corp. | 19,964 | 1,616 | ||||
Primerica Inc. | 7,113 | 1,607 | ||||
Webster Financial Corp. | 34,812 | 1,539 | ||||
Voya Financial Inc. | 19,871 | 1,507 | ||||
MarketAxess Holdings Inc. | 7,482 | 1,488 | ||||
Evercore Inc. Class A | 7,160 | 1,453 | ||||
Franklin Resources Inc. | 61,183 | 1,444 | ||||
Globe Life Inc. | 17,325 | 1,434 | ||||
Corebridge Financial Inc. | 48,848 | 1,425 | ||||
Houlihan Lokey Inc. Class A | 10,255 | 1,388 | ||||
Western Alliance Bancorp | 21,799 | 1,374 | ||||
SEI Investments Co. | 20,103 | 1,361 | ||||
Comerica Inc. | 26,380 | 1,352 | ||||
Commerce Bancshares Inc. | 24,202 | 1,347 | ||||
AGNC Investment Corp. | 139,598 | 1,339 | ||||
* | SoFi Technologies Inc. | 190,388 | 1,314 | |||
Zions Bancorp NA | 29,185 | 1,260 | ||||
Popular Inc. | 14,134 | 1,258 |
Shares | Market Value ($000) | |||||
XP Inc. Class A | 65,141 | 1,237 | ||||
Pinnacle Financial Partners Inc. | 15,304 | 1,217 | ||||
Cullen/Frost Bankers Inc. | 11,890 | 1,208 | ||||
RLI Corp. | 8,259 | 1,206 | ||||
Jackson Financial Inc. Class A | 15,868 | 1,206 | ||||
Wintrust Financial Corp. | 12,183 | 1,201 | ||||
Essent Group Ltd. | 21,182 | 1,201 | ||||
Selective Insurance Group Inc. | 12,193 | 1,190 | ||||
Starwood Property Trust Inc. | 60,814 | 1,182 | ||||
Synovus Financial Corp. | 29,497 | 1,171 | ||||
SouthState Corp. | 15,136 | 1,170 | ||||
Axis Capital Holdings Ltd. | 15,826 | 1,169 | ||||
MGIC Investment Corp. | 55,173 | 1,159 | ||||
Invesco Ltd. | 73,743 | 1,158 | ||||
Lincoln National Corp. | 34,307 | 1,132 | ||||
First American Financial Corp. | 20,298 | 1,128 | ||||
OneMain Holdings Inc. | 22,647 | 1,112 | ||||
Affiliated Managers Group Inc. | 6,829 | 1,110 | ||||
Ryan Specialty Holdings Inc. Class A | 19,750 | 1,097 | ||||
Prosperity Bancshares Inc. | 17,503 | 1,090 | ||||
Rithm Capital Corp. | 96,165 | 1,078 | ||||
Old National Bancorp | 63,077 | 1,078 | ||||
* | Mr Cooper Group Inc. | 12,717 | 1,061 | |||
Cadence Bank | 36,895 | 1,053 | ||||
FNB Corp. | 71,593 | 986 | ||||
SLM Corp. | 44,748 | 960 | ||||
Radian Group Inc. | 30,432 | 951 | ||||
Hanover Insurance Group Inc. | 7,107 | 938 | ||||
Janus Henderson Group plc | 27,204 | 911 | ||||
Bank OZK | 21,708 | 909 | ||||
Hamilton Lane Inc. Class A | 7,236 | 908 | ||||
Home BancShares Inc. | 37,912 | 892 | ||||
Lazard Inc. Class A | 22,019 | 886 | ||||
White Mountains Insurance Group Ltd. | 486 | 878 | ||||
* | Marathon Digital Holdings Inc. | 44,692 | 872 | |||
United Bankshares Inc. | 26,558 | 862 | ||||
Assured Guaranty Ltd. | 10,919 | 849 | ||||
Glacier Bancorp Inc. | 22,043 | 824 | ||||
Hancock Whitney Corp. | 17,299 | 808 | ||||
Columbia Banking System Inc. | 41,765 | 805 | ||||
First Financial Bankshares Inc. | 26,098 | 782 | ||||
UMB Financial Corp. | 9,195 | 758 | ||||
Kemper Corp. | 12,603 | 754 | ||||
Moelis & Co. Class A | 13,235 | 749 | ||||
* | Enstar Group Ltd. | 2,377 | 744 | |||
Piper Sandler Cos. | 3,463 | 733 | ||||
First Financial Bancorp | 32,028 | 714 | ||||
Heartland Financial USA Inc. | 15,775 | 693 | ||||
Associated Banc-Corp | 31,713 | 679 | ||||
Ameris Bancorp | 13,352 | 667 | ||||
CNO Financial Group Inc. | 22,780 | 654 | ||||
ServisFirst Bancshares Inc. | 10,578 | 654 | ||||
International Bancshares Corp. | 11,248 | 639 | ||||
Valley National Bancorp | 87,909 | 627 | ||||
* | Credit Acceptance Corp. | 1,273 | 625 | |||
First Bancorp | 34,994 | 620 | ||||
BGC Group Inc. Class A | 70,219 | 609 | ||||
Walker & Dunlop Inc. | 6,320 | 607 | ||||
Blackstone Mortgage Trust Inc. Class A | 34,707 | 605 | ||||
TPG Inc. Class A | 14,398 | 604 | ||||
United Community Banks Inc. | 23,181 | 595 | ||||
Atlantic Union Bankshares Corp. | 18,057 | 589 | ||||
Fulton Financial Corp. | 34,187 | 576 | ||||
* | Axos Financial Inc. | 10,620 | 572 | |||
Artisan Partners Asset Management Inc. Class A | 12,934 | 569 | ||||
* | Brighthouse Financial Inc. | 12,732 | 567 | |||
* | Genworth Financial Inc. Class A | 89,949 | 566 | |||
* | Texas Capital Bancshares Inc. | 9,281 | 559 | |||
First Hawaiian Inc. | 27,105 | 551 | ||||
* | NMI Holdings Inc. Class A | 16,507 | 548 |
Shares | Market Value ($000) | |||||
WSFS Financial Corp. | 12,286 | 541 | ||||
BOK Financial Corp. | 5,723 | 519 | ||||
Community Financial System Inc. | 11,242 | 511 | ||||
Cathay General Bancorp | 13,772 | 507 | ||||
1 | Arbor Realty Trust Inc. | 36,726 | 502 | |||
New York Community Bancorp Inc. | 143,888 | 473 | ||||
PennyMac Financial Services Inc. | 5,162 | 468 | ||||
Bank of Hawaii Corp. | 7,910 | 457 | ||||
First Interstate BancSystem Inc. Class A | 16,798 | 446 | ||||
CVB Financial Corp. | 26,885 | 445 | ||||
Simmons First National Corp. Class A | 25,619 | 445 | ||||
Independent Bank Corp. | 8,701 | 442 | ||||
BankUnited Inc. | 15,268 | 438 | ||||
* | Palomar Holdings Inc. | 5,046 | 428 | |||
Pacific Premier Bancorp Inc. | 18,933 | 421 | ||||
Eastern Bankshares Inc. | 30,526 | 418 | ||||
Seacoast Banking Corp. of Florida | 17,211 | 407 | ||||
First Merchants Corp. | 12,159 | 402 | ||||
Park National Corp. | 2,900 | 399 | ||||
BancFirst Corp. | 4,535 | 391 | ||||
Towne Bank | 14,371 | 391 | ||||
* | Riot Platforms Inc. | 39,074 | 381 | |||
*,1 | Upstart Holdings Inc. | 15,323 | 379 | |||
Cohen & Steers Inc. | 5,355 | 376 | ||||
WaFd Inc. | 13,271 | 372 | ||||
Virtu Financial Inc. Class A | 16,747 | 368 | ||||
NBT Bancorp Inc. | 9,672 | 360 | ||||
Provident Financial Services Inc. | 24,904 | 359 | ||||
Independent Bank Group Inc. | 7,548 | 348 | ||||
* | Triumph Financial Inc. | 4,636 | 344 | |||
Renasant Corp. | 11,390 | 343 | ||||
Trustmark Corp. | 11,635 | 339 | ||||
WesBanco Inc. | 11,848 | 327 | ||||
Bank of NT Butterfield & Son Ltd. | 9,305 | 317 | ||||
Banner Corp. | 6,758 | 316 | ||||
Hilltop Holdings Inc. | 9,938 | 304 | ||||
Virtus Investment Partners Inc. | 1,324 | 303 | ||||
Horace Mann Educators Corp. | 8,790 | 300 | ||||
City Holding Co. | 2,826 | 289 | ||||
Nelnet Inc. Class A | 2,730 | 283 | ||||
Stock Yards Bancorp Inc. | 5,870 | 275 | ||||
Northwest Bancshares Inc. | 25,025 | 274 | ||||
Ladder Capital Corp. Class A | 24,446 | 273 | ||||
Two Harbors Investment Corp. | 20,978 | 270 | ||||
First Commonwealth Financial Corp. | 19,455 | 263 | ||||
Hope Bancorp Inc. | 24,886 | 262 | ||||
WisdomTree Inc. | 25,728 | 257 | ||||
Navient Corp. | 16,472 | 248 | ||||
Westamerica Bancorp | 4,858 | 237 | ||||
S&T Bancorp Inc. | 7,235 | 231 | ||||
*,1 | Freedom Holding Corp. | 3,000 | 229 | |||
PennyMac Mortgage Investment Trust | 16,425 | 225 | ||||
* | SiriusPoint Ltd. | 17,039 | 224 | |||
CNA Financial Corp. | 4,834 | 222 | ||||
* | Trupanion Inc. | 7,276 | 217 | |||
Live Oak Bancshares Inc. | 6,200 | 214 | ||||
Employers Holdings Inc. | 4,984 | 210 | ||||
Safety Insurance Group Inc. | 2,708 | 209 | ||||
MFA Financial Inc. | 19,023 | 204 | ||||
Sandy Spring Bancorp Inc. | 8,088 | 190 | ||||
* | Encore Capital Group Inc. | 4,275 | 189 | |||
Berkshire Hills Bancorp Inc. | 8,085 | 180 | ||||
* | PRA Group Inc. | 8,306 | 179 | |||
Chimera Investment Corp. | 15,023 | 179 | ||||
ARMOUR Residential REIT Inc. | 9,058 | 175 | ||||
Redwood Trust Inc. | 27,388 | 174 | ||||
1st Source Corp. | 3,126 | 161 | ||||
* | Lemonade Inc. | 9,196 | 152 | |||
BrightSpire Capital Inc. Class A | 23,942 | 145 | ||||
F&G Annuities & Life Inc. | 3,529 | 143 |
Shares | Market Value ($000) | |||||
Brookline Bancorp Inc. | 16,253 | 141 | ||||
Brightsphere Investment Group Inc. | 6,093 | 135 | ||||
Capitol Federal Financial Inc. | 24,023 | 124 | ||||
TFS Financial Corp. | 9,336 | 123 | ||||
* | Open Lending Corp. | 18,412 | 119 | |||
Republic Bancorp Inc. Class A | 1,648 | 85 | ||||
* | Columbia Financial Inc. | 5,504 | 80 | |||
888,716 | ||||||
Health Care (12.7%) | ||||||
Eli Lilly & Co. | 171,387 | 140,596 | ||||
UnitedHealth Group Inc. | 188,283 | 93,270 | ||||
Merck & Co. Inc. | 514,564 | 64,598 | ||||
AbbVie Inc. | 357,406 | 57,628 | ||||
Thermo Fisher Scientific Inc. | 78,302 | 44,474 | ||||
Abbott Laboratories | 351,340 | 35,903 | ||||
Danaher Corp. | 133,716 | 34,338 | ||||
Amgen Inc. | 108,018 | 33,037 | ||||
Pfizer Inc. | 1,142,745 | 32,751 | ||||
* | Intuitive Surgical Inc. | 70,578 | 28,381 | |||
Elevance Health Inc. | 47,937 | 25,813 | ||||
Stryker Corp. | 71,828 | 24,500 | ||||
* | Vertex Pharmaceuticals Inc. | 52,091 | 23,719 | |||
* | Boston Scientific Corp. | 295,735 | 22,349 | |||
Medtronic plc | 268,622 | 21,858 | ||||
* | Regeneron Pharmaceuticals Inc. | 20,736 | 20,325 | |||
Cigna Group | 58,168 | 20,046 | ||||
Bristol-Myers Squibb Co. | 412,167 | 16,936 | ||||
Gilead Sciences Inc. | 252,717 | 16,242 | ||||
Zoetis Inc. Class A | 93,696 | 15,887 | ||||
HCA Healthcare Inc. | 40,260 | 13,678 | ||||
Becton Dickinson & Co. | 58,564 | 13,585 | ||||
* | Edwards Lifesciences Corp. | 121,786 | 10,582 | |||
* | Moderna Inc. | 67,213 | 9,581 | |||
* | Dexcom Inc. | 78,364 | 9,307 | |||
Humana Inc. | 24,714 | 8,851 | ||||
* | IDEXX Laboratories Inc. | 16,667 | 8,283 | |||
* | IQVIA Holdings Inc. | 36,711 | 8,043 | |||
* | Centene Corp. | 108,158 | 7,743 | |||
Agilent Technologies Inc. | 59,034 | 7,699 | ||||
GE HealthCare Technologies Inc. | 84,288 | 6,574 | ||||
* | Biogen Inc. | 29,147 | 6,556 | |||
ResMed Inc. | 29,425 | 6,071 | ||||
* | ICON plc | 16,529 | 5,369 | |||
* | Veeva Systems Inc. Class A | 29,317 | 5,108 | |||
West Pharmaceutical Services Inc. | 15,002 | 4,972 | ||||
Cardinal Health Inc. | 49,919 | 4,955 | ||||
Zimmer Biomet Holdings Inc. | 42,441 | 4,887 | ||||
STERIS plc | 20,113 | 4,483 | ||||
* | Align Technology Inc. | 15,411 | 3,964 | |||
* | Alnylam Pharmaceuticals Inc. | 25,353 | 3,763 | |||
Cooper Cos. Inc. | 39,351 | 3,711 | ||||
* | Molina Healthcare Inc. | 11,685 | 3,676 | |||
Baxter International Inc. | 102,090 | 3,480 | ||||
* | Hologic Inc. | 46,620 | 3,440 | |||
Labcorp Holdings Inc. | 17,242 | 3,361 | ||||
* | Illumina Inc. | 32,020 | 3,339 | |||
* | Avantor Inc. | 136,197 | 3,280 | |||
Quest Diagnostics Inc. | 22,487 | 3,192 | ||||
* | BioMarin Pharmaceutical Inc. | 37,825 | 2,840 | |||
* | Tenet Healthcare Corp. | 20,449 | 2,765 | |||
Revvity Inc. | 25,088 | 2,741 | ||||
* | Neurocrine Biosciences Inc. | 19,659 | 2,662 | |||
Viatris Inc. | 241,246 | 2,557 | ||||
* | United Therapeutics Corp. | 9,099 | 2,503 | |||
* | Insulet Corp. | 14,001 | 2,481 | |||
*,2 | Shockwave Medical Inc. | 7,362 | 2,466 | |||
Bio-Techne Corp. | 31,483 | 2,430 | ||||
* | Natera Inc. | 22,103 | 2,355 | |||
* | Sarepta Therapeutics Inc. | 18,073 | 2,347 |
Shares | Market Value ($000) | |||||
Universal Health Services Inc. Class B | 11,994 | 2,276 | ||||
* | Incyte Corp. | 37,349 | 2,158 | |||
* | Charles River Laboratories International Inc. | 10,265 | 2,140 | |||
Royalty Pharma plc Class A | 75,133 | 2,059 | ||||
Teleflex Inc. | 9,594 | 2,006 | ||||
* | Catalent Inc. | 36,241 | 1,949 | |||
* | Henry Schein Inc. | 26,242 | 1,820 | |||
* | Medpace Holdings Inc. | 4,710 | 1,820 | |||
* | Elanco Animal Health Inc. | 99,155 | 1,753 | |||
Encompass Health Corp. | 20,008 | 1,728 | ||||
* | Repligen Corp. | 11,196 | 1,669 | |||
Chemed Corp. | 2,979 | 1,651 | ||||
* | Exact Sciences Corp. | 36,077 | 1,640 | |||
* | Globus Medical Inc. Class A | 23,910 | 1,605 | |||
* | DaVita Inc. | 10,896 | 1,603 | |||
* | Insmed Inc. | 28,504 | 1,569 | |||
* | Vaxcyte Inc. | 21,038 | 1,478 | |||
* | Penumbra Inc. | 7,320 | 1,387 | |||
* | HealthEquity Inc. | 16,879 | 1,379 | |||
Bruker Corp. | 20,948 | 1,372 | ||||
* | Intra-Cellular Therapies Inc. | 20,143 | 1,354 | |||
* | Exelixis Inc. | 61,489 | 1,334 | |||
* | Jazz Pharmaceuticals plc | 12,487 | 1,314 | |||
Ensign Group Inc. | 10,836 | 1,314 | ||||
* | Blueprint Medicines Corp. | 12,422 | 1,311 | |||
* | Acadia Healthcare Co. Inc. | 18,330 | 1,263 | |||
DENTSPLY SIRONA Inc. | 42,760 | 1,198 | ||||
* | Bio-Rad Laboratories Inc. Class A | 4,154 | 1,192 | |||
* | Halozyme Therapeutics Inc. | 26,271 | 1,164 | |||
Organon & Co. | 51,840 | 1,106 | ||||
* | Masimo Corp. | 8,870 | 1,104 | |||
* | Lantheus Holdings Inc. | 13,489 | 1,104 | |||
* | Ionis Pharmaceuticals Inc. | 29,084 | 1,093 | |||
* | Glaukos Corp. | 9,572 | 1,079 | |||
* | REVOLUTION Medicines Inc. | 27,956 | 1,072 | |||
* | Cytokinetics Inc. | 21,070 | 1,022 | |||
* | Option Care Health Inc. | 34,209 | 1,020 | |||
* | Merit Medical Systems Inc. | 11,555 | 938 | |||
* | Inspire Medical Systems Inc. | 5,863 | 931 | |||
* | TransMedics Group Inc. | 6,405 | 874 | |||
* | Haemonetics Corp. | 10,009 | 842 | |||
* | CRISPR Therapeutics AG | 15,525 | 834 | |||
* | Integer Holdings Corp. | 6,840 | 829 | |||
* | Apellis Pharmaceuticals Inc. | 20,570 | 807 | |||
* | Alkermes plc | 33,710 | 789 | |||
* | Roivant Sciences Ltd. | 74,883 | 776 | |||
Perrigo Co. plc | 27,967 | 770 | ||||
* | Madrigal Pharmaceuticals Inc. | 3,037 | 717 | |||
Select Medical Holdings Corp. | 20,609 | 712 | ||||
* | Krystal Biotech Inc. | 4,433 | 709 | |||
* | Axonics Inc. | 9,920 | 666 | |||
* | Tandem Diabetes Care Inc. | 12,975 | 665 | |||
* | Envista Holdings Corp. | 33,705 | 653 | |||
* | Bridgebio Pharma Inc. | 23,136 | 648 | |||
* | LivaNova plc | 10,577 | 646 | |||
* | Ultragenyx Pharmaceutical Inc. | 15,936 | 640 | |||
* | Prestige Consumer Healthcare Inc. | 9,922 | 638 | |||
* | Doximity Inc. Class A | 22,930 | 636 | |||
* | Guardant Health Inc. | 22,757 | 617 | |||
* | Amedisys Inc. | 6,595 | 601 | |||
* | SpringWorks Therapeutics Inc. | 14,167 | 587 | |||
* | Neogen Corp. | 44,385 | 584 | |||
* | Cerevel Therapeutics Holdings Inc. | 14,339 | 584 | |||
* | Amicus Therapeutics Inc. | 58,688 | 575 | |||
* | Azenta Inc. | 11,261 | 569 | |||
* | Xenon Pharmaceuticals Inc. | 14,901 | 567 | |||
* | iRhythm Technologies Inc. | 6,299 | 556 | |||
* | Inari Medical Inc. | 10,925 | 546 | |||
* | Axsome Therapeutics Inc. | 7,396 | 543 | |||
* | Arrowhead Pharmaceuticals Inc. | 23,601 | 542 |
Shares | Market Value ($000) | |||||
* | PTC Therapeutics Inc. | 14,715 | 535 | |||
* | Corcept Therapeutics Inc. | 16,673 | 503 | |||
* | Biohaven Ltd. | 14,049 | 493 | |||
* | QuidelOrtho Corp. | 10,899 | 482 | |||
* | Twist Bioscience Corp. | 11,398 | 478 | |||
Premier Inc. Class A | 25,087 | 475 | ||||
CONMED Corp. | 6,193 | 473 | ||||
* | Evolent Health Inc. Class A | 22,276 | 472 | |||
* | Fortrea Holdings Inc. | 18,214 | 462 | |||
* | Novocure Ltd. | 20,904 | 460 | |||
* | TG Therapeutics Inc. | 28,153 | 459 | |||
* | Progyny Inc. | 16,312 | 440 | |||
* | Denali Therapeutics Inc. | 23,309 | 433 | |||
* | Iovance Biotherapeutics Inc. | 48,600 | 432 | |||
* | Integra LifeSciences Holdings Corp. | 13,941 | 431 | |||
* | ICU Medical Inc. | 4,041 | 430 | |||
* | Agios Pharmaceuticals Inc. | 11,587 | 421 | |||
* | 10X Genomics Inc. Class A | 18,700 | 419 | |||
* | Certara Inc. | 24,142 | 409 | |||
* | R1 RCM Inc. | 31,723 | 408 | |||
Patterson Cos. Inc. | 16,545 | 407 | ||||
* | STAAR Surgical Co. | 9,704 | 403 | |||
* | Surgery Partners Inc. | 14,426 | 398 | |||
* | CorVel Corp. | 1,643 | 394 | |||
* | Myriad Genetics Inc. | 17,286 | 393 | |||
* | Intellia Therapeutics Inc. | 18,142 | 388 | |||
* | Privia Health Group Inc. | 22,360 | 388 | |||
* | agilon health Inc. | 61,077 | 385 | |||
* | Teladoc Health Inc. | 33,944 | 382 | |||
* | ACADIA Pharmaceuticals Inc. | 24,932 | 376 | |||
* | NeoGenomics Inc. | 26,080 | 358 | |||
* | Beam Therapeutics Inc. | 14,708 | 350 | |||
* | Nuvalent Inc. Class A | 5,209 | 342 | |||
* | Arvinas Inc. | 9,810 | 325 | |||
* | Omnicell Inc. | 9,542 | 311 | |||
* | Amphastar Pharmaceuticals Inc. | 7,000 | 296 | |||
* | Veracyte Inc. | 13,502 | 280 | |||
* | Inmode Ltd. | 14,601 | 279 | |||
* | Supernus Pharmaceuticals Inc. | 10,232 | 277 | |||
* | Sotera Health Co. | 24,478 | 274 | |||
* | Rocket Pharmaceuticals Inc. | 12,813 | 273 | |||
* | Immunovant Inc. | 10,645 | 270 | |||
* | Owens & Minor Inc. | 15,234 | 266 | |||
* | Ligand Pharmaceuticals Inc. | 3,074 | 261 | |||
* | Pacira BioSciences Inc. | 8,485 | 257 | |||
* | Xencor Inc. | 10,789 | 256 | |||
* | Kymera Therapeutics Inc. | 7,864 | 253 | |||
* | Recursion Pharmaceuticals Inc. Class A | 28,224 | 234 | |||
* | Akero Therapeutics Inc. | 12,107 | 228 | |||
* | BioCryst Pharmaceuticals Inc. | 34,756 | 225 | |||
* | Phreesia Inc. | 11,272 | 213 | |||
* | AtriCure Inc. | 9,200 | 207 | |||
* | Harmony Biosciences Holdings Inc. | 6,100 | 179 | |||
* | Maravai LifeSciences Holdings Inc. Class A | 20,160 | 175 | |||
* | Arcus Biosciences Inc. | 11,531 | 174 | |||
* | Innoviva Inc. | 11,012 | 174 | |||
* | Avanos Medical Inc. | 8,522 | 170 | |||
* | AdaptHealth Corp. Class A | 17,956 | 170 | |||
* | Vir Biotechnology Inc. | 16,453 | 169 | |||
* | Prothena Corp. plc | 7,941 | 165 | |||
*,1 | Ginkgo Bioworks Holdings Inc. Class A | 307,565 | 163 | |||
* | Ironwood Pharmaceuticals Inc. Class A | 25,628 | 161 | |||
*,1 | Cassava Sciences Inc. | 7,326 | 161 | |||
* | Aurinia Pharmaceuticals Inc. | 28,374 | 154 | |||
* | MoonLake Immunotherapeutics Class A | 3,642 | 148 | |||
Embecta Corp. | 10,652 | 132 | ||||
* | Sana Biotechnology Inc. | 17,500 | 131 | |||
* | Alignment Healthcare Inc. | 15,806 | 125 | |||
* | Sage Therapeutics Inc. | 11,109 | 123 | |||
* | Zentalis Pharmaceuticals Inc. | 10,100 | 120 |
Shares | Market Value ($000) | |||||
* | REGENXBIO Inc. | 7,949 | 114 | |||
* | Pediatrix Medical Group Inc. | 15,418 | 113 | |||
* | Varex Imaging Corp. | 7,088 | 110 | |||
* | LifeStance Health Group Inc. | 19,700 | 110 | |||
* | Relay Therapeutics Inc. | 16,785 | 108 | |||
*,1 | OPKO Health Inc. | 76,136 | 104 | |||
* | Pacific Biosciences of California Inc. | 47,184 | 84 | |||
* | Fulgent Genetics Inc. | 3,800 | 78 | |||
* | Taro Pharmaceutical Industries Ltd. | 1,552 | 66 | |||
*,1 | CureVac NV | 11,912 | 46 | |||
* | Multiplan Corp. | 73,550 | 39 | |||
* | Amylyx Pharmaceuticals Inc. | 11,014 | 19 | |||
*,3 | Scilex Holding Co. (Acquired 1/23/23, Cost $126) | 12,014 | 12 | |||
* | Mural Oncology plc | 3,131 | 11 | |||
*,2 | OmniAb Inc. 12.5 Earnout | 1,051 | — | |||
*,2 | OmniAb Inc. 15 Earnout | 1,051 | — | |||
1,082,900 | ||||||
Industrials (10.3%) | ||||||
Visa Inc. Class A | 322,925 | 87,984 | ||||
Mastercard Inc. Class A | 168,184 | 75,190 | ||||
Accenture plc Class A | 128,117 | 36,166 | ||||
Caterpillar Inc. | 103,242 | 34,949 | ||||
Union Pacific Corp. | 124,111 | 28,896 | ||||
American Express Co. | 117,290 | 28,150 | ||||
Automatic Data Processing Inc. | 83,652 | 20,488 | ||||
United Parcel Service Inc. Class B | 146,520 | 20,356 | ||||
Deere & Co. | 52,138 | 19,539 | ||||
* | Fiserv Inc. | 120,948 | 18,113 | |||
Trane Technologies plc | 46,085 | 15,091 | ||||
Illinois Tool Works Inc. | 60,620 | 14,716 | ||||
Sherwin-Williams Co. | 48,140 | 14,625 | ||||
* | PayPal Holdings Inc. | 218,097 | 13,738 | |||
CSX Corp. | 398,894 | 13,463 | ||||
FedEx Corp. | 46,892 | 11,909 | ||||
Cintas Corp. | 17,498 | 11,863 | ||||
PACCAR Inc. | 103,763 | 11,155 | ||||
Carrier Global Corp. | 168,227 | 10,630 | ||||
Capital One Financial Corp. | 76,802 | 10,570 | ||||
Johnson Controls International plc | 137,738 | 9,905 | ||||
Fidelity National Information Services Inc. | 119,771 | 9,088 | ||||
Otis Worldwide Corp. | 83,481 | 8,281 | ||||
Paychex Inc. | 65,226 | 7,838 | ||||
Ingersoll Rand Inc. | 81,931 | 7,624 | ||||
Verisk Analytics Inc. Class A | 28,828 | 7,287 | ||||
DuPont de Nemours Inc. | 87,097 | 7,156 | ||||
* | Block Inc. Class A | 111,552 | 7,148 | |||
Martin Marietta Materials Inc. | 12,440 | 7,117 | ||||
Old Dominion Freight Line Inc. | 39,904 | 6,993 | ||||
Vulcan Materials Co. | 26,829 | 6,862 | ||||
* | Fair Isaac Corp. | 4,881 | 6,296 | |||
Westinghouse Air Brake Technologies Corp. | 36,220 | 6,130 | ||||
* | Mettler-Toledo International Inc. | 4,321 | 6,067 | |||
Rockwell Automation Inc. | 23,249 | 5,987 | ||||
Equifax Inc. | 24,661 | 5,706 | ||||
Global Payments Inc. | 52,171 | 5,314 | ||||
Dover Corp. | 28,195 | 5,183 | ||||
* | Keysight Technologies Inc. | 35,367 | 4,898 | |||
Veralto Corp. | 44,413 | 4,378 | ||||
Ball Corp. | 62,090 | 4,311 | ||||
Carlisle Cos. Inc. | 9,810 | 4,103 | ||||
* | Axon Enterprise Inc. | 14,195 | 3,998 | |||
* | Builders FirstSource Inc. | 24,561 | 3,949 | |||
* | Corpay Inc. | 14,276 | 3,821 | |||
AerCap Holdings NV | 39,454 | 3,658 | ||||
* | Waters Corp. | 11,817 | 3,650 | |||
Synchrony Financial | 81,858 | 3,585 | ||||
Expeditors International of Washington Inc. | 29,334 | 3,546 | ||||
Packaging Corp. of America | 17,849 | 3,275 | ||||
Owens Corning | 17,971 | 3,254 |
Shares | Market Value ($000) | |||||
Lennox International Inc. | 6,449 | 3,241 | ||||
* | Zebra Technologies Corp. Class A | 10,372 | 3,240 | |||
Watsco Inc. | 6,779 | 3,219 | ||||
IDEX Corp. | 15,184 | 3,168 | ||||
Masco Corp. | 45,204 | 3,161 | ||||
Snap-on Inc. | 10,562 | 2,882 | ||||
RPM International Inc. | 25,647 | 2,875 | ||||
TransUnion | 38,927 | 2,800 | ||||
* | Trimble Inc. | 49,976 | 2,783 | |||
Westrock Co. | 51,629 | 2,769 | ||||
nVent Electric plc | 33,307 | 2,711 | ||||
Graco Inc. | 33,562 | 2,710 | ||||
Stanley Black & Decker Inc. | 31,042 | 2,706 | ||||
Nordson Corp. | 11,517 | 2,703 | ||||
Pentair plc | 33,215 | 2,703 | ||||
JB Hunt Transport Services Inc. | 16,733 | 2,690 | ||||
* | TopBuild Corp. | 6,365 | 2,660 | |||
* | XPO Inc. | 22,997 | 2,460 | |||
Jack Henry & Associates Inc. | 14,806 | 2,438 | ||||
Advanced Drainage Systems Inc. | 13,463 | 2,336 | ||||
Comfort Systems USA Inc. | 7,128 | 2,333 | ||||
* | Saia Inc. | 5,414 | 2,217 | |||
Allegion plc | 17,713 | 2,158 | ||||
CNH Industrial NV | 195,723 | 2,067 | ||||
A O Smith Corp. | 24,610 | 2,058 | ||||
* | Core & Main Inc. Class A | 34,987 | 2,014 | |||
CH Robinson Worldwide Inc. | 23,041 | 1,990 | ||||
AptarGroup Inc. | 13,310 | 1,966 | ||||
* | Trex Co. Inc. | 22,143 | 1,915 | |||
Crown Holdings Inc. | 21,422 | 1,804 | ||||
Fortune Brands Innovations Inc. | 25,717 | 1,802 | ||||
Donaldson Co. Inc. | 24,253 | 1,787 | ||||
* | Generac Holdings Inc. | 12,137 | 1,787 | |||
Graphic Packaging Holding Co. | 61,344 | 1,737 | ||||
FTAI Aviation Ltd. | 20,199 | 1,703 | ||||
MKS Instruments Inc. | 13,404 | 1,697 | ||||
Toro Co. | 20,989 | 1,683 | ||||
* | WEX Inc. | 8,753 | 1,640 | |||
WESCO International Inc. | 9,018 | 1,619 | ||||
Acuity Brands Inc. | 6,213 | 1,613 | ||||
Eagle Materials Inc. | 6,914 | 1,607 | ||||
Cognex Corp. | 35,181 | 1,601 | ||||
* | Axalta Coating Systems Ltd. | 44,635 | 1,589 | |||
* | API Group Corp. | 43,376 | 1,546 | |||
Knight-Swift Transportation Holdings Inc. Class A | 31,498 | 1,520 | ||||
* | WillScot Mobile Mini Holdings Corp. | 37,650 | 1,485 | |||
Applied Industrial Technologies Inc. | 7,648 | 1,476 | ||||
* | FTI Consulting Inc. | 6,783 | 1,457 | |||
* | Kirby Corp. | 11,717 | 1,455 | |||
* | MasTec Inc. | 12,635 | 1,418 | |||
Simpson Manufacturing Co. Inc. | 8,549 | 1,418 | ||||
Berry Global Group Inc. | 23,448 | 1,404 | ||||
* | AZEK Co. Inc. Class A | 29,120 | 1,397 | |||
* | Middleby Corp. | 10,728 | 1,383 | |||
AGCO Corp. | 12,729 | 1,366 | ||||
MSA Safety Inc. | 7,440 | 1,339 | ||||
* | Chart Industries Inc. | 8,521 | 1,338 | |||
Robert Half Inc. | 20,729 | 1,331 | ||||
* | Affirm Holdings Inc. Class A | 45,382 | 1,328 | |||
Landstar System Inc. | 7,175 | 1,306 | ||||
* | Mohawk Industries Inc. | 10,591 | 1,291 | |||
Sensata Technologies Holding plc | 30,586 | 1,264 | ||||
Vontier Corp. | 31,462 | 1,258 | ||||
Littelfuse Inc. | 4,872 | 1,250 | ||||
* | Beacon Roofing Supply Inc. | 12,641 | 1,227 | |||
* | SPX Technologies Inc. | 8,779 | 1,224 | |||
* | Paylocity Holding Corp. | 8,603 | 1,223 | |||
Louisiana-Pacific Corp. | 13,274 | 1,217 | ||||
Sonoco Products Co. | 19,623 | 1,204 | ||||
* | GXO Logistics Inc. | 23,912 | 1,201 |
Shares | Market Value ($000) | |||||
Genpact Ltd. | 36,162 | 1,196 | ||||
Brunswick Corp. | 13,937 | 1,150 | ||||
Badger Meter Inc. | 5,955 | 1,149 | ||||
Sealed Air Corp. | 29,477 | 1,146 | ||||
Atkore Inc. | 7,477 | 1,138 | ||||
Watts Water Technologies Inc. Class A | 5,564 | 1,108 | ||||
Federal Signal Corp. | 11,956 | 1,100 | ||||
* | BILL Holdings Inc. | 20,737 | 1,079 | |||
Ryder System Inc. | 8,810 | 1,070 | ||||
Maximus Inc. | 12,331 | 1,062 | ||||
* | Dycom Industries Inc. | 5,848 | 1,052 | |||
Valmont Industries Inc. | 4,176 | 1,050 | ||||
* | Euronet Worldwide Inc. | 8,933 | 1,041 | |||
* | Modine Manufacturing Co. | 10,288 | 1,038 | |||
Armstrong World Industries Inc. | 8,893 | 1,030 | ||||
Installed Building Products Inc. | 4,729 | 1,002 | ||||
AAON Inc. | 13,336 | 1,001 | ||||
Air Lease Corp. Class A | 20,947 | 998 | ||||
GATX Corp. | 7,073 | 976 | ||||
* | Itron Inc. | 9,039 | 972 | |||
* | ExlService Holdings Inc. | 32,540 | 972 | |||
Franklin Electric Co. Inc. | 9,622 | 957 | ||||
* | Summit Materials Inc. Class A | 24,284 | 938 | |||
Western Union Co. | 72,501 | 928 | ||||
Brink's Co. | 8,977 | 927 | ||||
Zurn Elkay Water Solutions Corp. | 29,527 | 924 | ||||
* | ASGN Inc. | 9,376 | 881 | |||
Encore Wire Corp. | 3,018 | 871 | ||||
HB Fuller Co. | 10,827 | 862 | ||||
Herc Holdings Inc. | 5,708 | 828 | ||||
* | StoneCo Ltd. Class A | 58,995 | 817 | |||
* | Knife River Corp. | 11,467 | 811 | |||
* | ACI Worldwide Inc. | 22,362 | 805 | |||
MSC Industrial Direct Co. Inc. Class A | 9,293 | 798 | ||||
Belden Inc. | 8,291 | 793 | ||||
CSW Industrials Inc. | 3,084 | 784 | ||||
Silgan Holdings Inc. | 16,558 | 782 | ||||
Terex Corp. | 13,108 | 782 | ||||
* | GMS Inc. | 8,300 | 780 | |||
Scorpio Tankers Inc. | 9,407 | 772 | ||||
* | Verra Mobility Corp. Class A | 28,276 | 753 | |||
ManpowerGroup Inc. | 9,857 | 736 | ||||
* | CBIZ Inc. | 9,501 | 720 | |||
* | Shift4 Payments Inc. Class A | 10,697 | 720 | |||
Korn Ferry | 10,514 | 693 | ||||
TriNet Group Inc. | 6,477 | 673 | ||||
Insperity Inc. | 7,071 | 670 | ||||
Kadant Inc. | 2,341 | 670 | ||||
Hillenbrand Inc. | 14,012 | 651 | ||||
* | Gates Industrial Corp. plc | 36,734 | 640 | |||
* | Alight Inc. Class A | 82,463 | 639 | |||
* | Resideo Technologies Inc. | 29,449 | 636 | |||
* | Bloom Energy Corp. Class A | 38,132 | 622 | |||
John Bean Technologies Corp. | 6,308 | 603 | ||||
Primoris Services Corp. | 10,793 | 591 | ||||
Hub Group Inc. Class A | 13,282 | 573 | ||||
McGrath RentCorp | 5,129 | 559 | ||||
Granite Construction Inc. | 8,933 | 556 | ||||
Trinity Industries Inc. | 16,517 | 519 | ||||
Griffon Corp. | 7,507 | 507 | ||||
ArcBest Corp. | 4,782 | 505 | ||||
* | Marqeta Inc. Class A | 94,586 | 503 | |||
UniFirst Corp. | 3,095 | 491 | ||||
AZZ Inc. | 5,729 | 481 | ||||
* | Pagseguro Digital Ltd. Class A | 38,953 | 477 | |||
* | RXO Inc. | 23,367 | 477 | |||
Werner Enterprises Inc. | 12,652 | 475 | ||||
* | Gibraltar Industries Inc. | 6,236 | 471 | |||
* | OSI Systems Inc. | 3,277 | 471 | |||
EVERTEC Inc. | 13,237 | 463 |
Shares | Market Value ($000) | |||||
* | AMN Healthcare Services Inc. | 7,415 | 415 | |||
* | O-I Glass Inc. | 32,624 | 414 | |||
* | Masterbrand Inc. | 24,207 | 405 | |||
* | Hayward Holdings Inc. | 27,695 | 401 | |||
*,1 | ZIM Integrated Shipping Services Ltd. | 17,789 | 401 | |||
Star Bulk Carriers Corp. | 14,699 | 398 | ||||
Tennant Co. | 3,807 | 391 | ||||
Bread Financial Holdings Inc. | 9,312 | 389 | ||||
* | Remitly Global Inc. | 27,954 | 363 | |||
* | Flywire Corp. | 20,646 | 354 | |||
ADT Inc. | 49,541 | 352 | ||||
SFL Corp. Ltd. | 24,291 | 348 | ||||
* | NCR Atleos Corp. | 12,039 | 335 | |||
H&E Equipment Services Inc. | 6,664 | 316 | ||||
* | Huron Consulting Group Inc. | 3,576 | 316 | |||
Greenbrier Cos. Inc. | 5,662 | 313 | ||||
Helios Technologies Inc. | 6,099 | 305 | ||||
Vestis Corp. | 24,053 | 296 | ||||
* | Cimpress plc | 3,328 | 275 | |||
Apogee Enterprises Inc. | 4,145 | 269 | ||||
*,1 | Enovix Corp. | 25,305 | 269 | |||
* | American Woodmark Corp. | 3,062 | 264 | |||
* | Rocket Lab USA Inc. | 57,990 | 253 | |||
* | JELD-WEN Holding Inc. | 15,738 | 244 | |||
Lindsay Corp. | 2,028 | 233 | ||||
* | Legalzoom.com Inc. | 26,506 | 233 | |||
Schneider National Inc. Class B | 10,254 | 231 | ||||
TriMas Corp. | 7,762 | 207 | ||||
Deluxe Corp. | 8,064 | 183 | ||||
Matson Inc. | 1,419 | 182 | ||||
* | Joby Aviation Inc. | 35,406 | 172 | |||
* | Aurora Innovation Inc. Class A | 70,529 | 169 | |||
* | Dlocal Ltd. Class A | 17,167 | 157 | |||
* | Proto Labs Inc. | 4,900 | 152 | |||
Astec Industries Inc. | 4,260 | 138 | ||||
* | Kornit Digital Ltd. | 9,294 | 132 | |||
Ardagh Metal Packaging SA | 26,300 | 104 | ||||
Heartland Express Inc. | 8,811 | 100 | ||||
Forward Air Corp. | 5,442 | 91 | ||||
* | Virgin Galactic Holdings Inc. | 81,826 | 71 | |||
TTEC Holdings Inc. | 5,235 | 33 | ||||
875,556 | ||||||
Real Estate (3.0%) | ||||||
Prologis Inc. | 186,702 | 20,629 | ||||
American Tower Corp. | 94,195 | 18,438 | ||||
Equinix Inc. | 19,056 | 14,539 | ||||
Welltower Inc. | 112,024 | 11,614 | ||||
Simon Property Group Inc. | 65,640 | 9,932 | ||||
Realty Income Corp. | 173,661 | 9,214 | ||||
Digital Realty Trust Inc. | 63,233 | 9,190 | ||||
Crown Castle Inc. | 87,572 | 8,976 | ||||
Public Storage | 31,705 | 8,682 | ||||
* | CoStar Group Inc. | 81,528 | 6,373 | |||
Extra Space Storage Inc. | 42,427 | 6,142 | ||||
AvalonBay Communities Inc. | 28,659 | 5,522 | ||||
* | CBRE Group Inc. Class A | 61,382 | 5,406 | |||
Equity Residential | 75,271 | 4,895 | ||||
Iron Mountain Inc. | 58,572 | 4,726 | ||||
Invitation Homes Inc. | 124,177 | 4,320 | ||||
SBA Communications Corp. Class A | 21,655 | 4,259 | ||||
Alexandria Real Estate Equities Inc. | 35,081 | 4,175 | ||||
Ventas Inc. | 80,932 | 4,068 | ||||
Essex Property Trust Inc. | 12,818 | 3,330 | ||||
Mid-America Apartment Communities Inc. | 23,379 | 3,126 | ||||
Sun Communities Inc. | 24,821 | 2,929 | ||||
Healthpeak Properties Inc. | 142,802 | 2,842 | ||||
UDR Inc. | 66,171 | 2,556 | ||||
Kimco Realty Corp. | 131,868 | 2,553 | ||||
Host Hotels & Resorts Inc. | 141,999 | 2,547 |
Shares | Market Value ($000) | |||||
WP Carey Inc. | 43,749 | 2,467 | ||||
American Homes 4 Rent Class A | 67,372 | 2,428 | ||||
Equity LifeStyle Properties Inc. | 36,167 | 2,270 | ||||
Regency Centers Corp. | 36,561 | 2,245 | ||||
Camden Property Trust | 21,115 | 2,167 | ||||
Lamar Advertising Co. Class A | 17,595 | 2,078 | ||||
* | Jones Lang LaSalle Inc. | 9,643 | 1,949 | |||
Boston Properties Inc. | 31,756 | 1,927 | ||||
Rexford Industrial Realty Inc. | 42,329 | 1,920 | ||||
CubeSmart | 44,953 | 1,902 | ||||
Federal Realty Investment Trust | 16,193 | 1,635 | ||||
Omega Healthcare Investors Inc. | 49,085 | 1,587 | ||||
NNN REIT Inc. | 36,785 | 1,536 | ||||
Americold Realty Trust Inc. | 57,341 | 1,529 | ||||
EastGroup Properties Inc. | 9,200 | 1,520 | ||||
Brixmor Property Group Inc. | 59,797 | 1,346 | ||||
STAG Industrial Inc. | 36,217 | 1,270 | ||||
First Industrial Realty Trust Inc. | 26,462 | 1,247 | ||||
Ryman Hospitality Properties Inc. | 11,841 | 1,244 | ||||
Healthcare Realty Trust Inc. Class A | 76,531 | 1,242 | ||||
Agree Realty Corp. | 19,760 | 1,201 | ||||
* | Zillow Group Inc. Class C | 28,709 | 1,176 | |||
Apartment Income REIT Corp. Class A | 29,493 | 1,143 | ||||
Terreno Realty Corp. | 18,013 | 1,019 | ||||
Kite Realty Group Trust | 43,967 | 964 | ||||
Rayonier Inc. | 29,849 | 896 | ||||
Vornado Realty Trust | 35,650 | 874 | ||||
Essential Properties Realty Trust Inc. | 30,970 | 829 | ||||
Kilroy Realty Corp. | 23,836 | 799 | ||||
Phillips Edison & Co. Inc. | 23,936 | 764 | ||||
Independence Realty Trust Inc. | 45,430 | 759 | ||||
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 22,433 | 747 | ||||
Cousins Properties Inc. | 30,679 | 710 | ||||
PotlatchDeltic Corp. | 16,331 | 698 | ||||
Sabra Health Care REIT Inc. | 47,826 | 697 | ||||
SL Green Realty Corp. | 13,088 | 693 | ||||
Macerich Co. | 44,877 | 679 | ||||
Park Hotels & Resorts Inc. | 42,275 | 670 | ||||
1 | Medical Properties Trust Inc. | 119,850 | 642 | |||
Apple Hospitality REIT Inc. | 44,280 | 639 | ||||
EPR Properties | 15,458 | 634 | ||||
CareTrust REIT Inc. | 23,863 | 610 | ||||
Innovative Industrial Properties Inc. | 5,594 | 603 | ||||
National Health Investors Inc. | 8,771 | 580 | ||||
Tanger Inc. | 20,807 | 577 | ||||
Broadstone Net Lease Inc. | 37,086 | 569 | ||||
National Storage Affiliates Trust | 15,431 | 564 | ||||
Highwoods Properties Inc. | 21,555 | 560 | ||||
COPT Defense Properties | 22,668 | 559 | ||||
SITE Centers Corp. | 38,016 | 548 | ||||
* | Zillow Group Inc. Class A | 13,511 | 542 | |||
LXP Industrial Trust | 58,667 | 499 | ||||
* | Howard Hughes Holdings Inc. | 7,007 | 465 | |||
DigitalBridge Group Inc. | 33,478 | 457 | ||||
Douglas Emmett Inc. | 32,596 | 455 | ||||
Four Corners Property Trust Inc. | 18,222 | 445 | ||||
Sunstone Hotel Investors Inc. | 42,245 | 434 | ||||
* | Cushman & Wakefield plc | 38,618 | 429 | |||
Outfront Media Inc. | 29,168 | 421 | ||||
Urban Edge Properties | 23,158 | 411 | ||||
St. Joe Co. | 7,155 | 405 | ||||
* | Equity Commonwealth | 19,510 | 377 | |||
DiamondRock Hospitality Co. | 43,089 | 365 | ||||
Acadia Realty Trust | 20,387 | 351 | ||||
RLJ Lodging Trust | 32,338 | 323 | ||||
Pebblebrook Hotel Trust | 22,510 | 319 | ||||
Retail Opportunity Investments Corp. | 25,041 | 313 | ||||
Xenia Hotels & Resorts Inc. | 20,338 | 295 | ||||
Global Net Lease Inc. | 39,174 | 293 | ||||
Elme Communities | 18,115 | 279 |
Shares | Market Value ($000) | |||||
Getty Realty Corp. | 9,772 | 270 | ||||
Newmark Group Inc. Class A | 25,636 | 267 | ||||
LTC Properties Inc. | 7,653 | 263 | ||||
JBG SMITH Properties | 17,843 | 257 | ||||
* | Opendoor Technologies Inc. | 113,752 | 248 | |||
Empire State Realty Trust Inc. Class A | 24,300 | 232 | ||||
Kennedy-Wilson Holdings Inc. | 22,518 | 230 | ||||
Alexander & Baldwin Inc. | 13,599 | 228 | ||||
Veris Residential Inc. | 14,614 | 223 | ||||
* | Apartment Investment & Management Co. Class A | 27,200 | 215 | |||
American Assets Trust Inc. | 9,028 | 196 | ||||
Centerspace | 2,789 | 190 | ||||
Piedmont Office Realty Trust Inc. Class A | 24,634 | 180 | ||||
Brandywine Realty Trust | 34,397 | 159 | ||||
Paramount Group Inc. | 34,304 | 156 | ||||
eXp World Holdings Inc. | 13,200 | 148 | ||||
Marcus & Millichap Inc. | 4,357 | 141 | ||||
Uniti Group Inc. | 44,198 | 140 | ||||
* | Anywhere Real Estate Inc. | 24,578 | 100 | |||
Saul Centers Inc. | 2,184 | 79 | ||||
NET Lease Office Properties | 2,729 | 65 | ||||
250,760 | ||||||
Technology (38.9%) | ||||||
Microsoft Corp. | 1,506,683 | 625,469 | ||||
Apple Inc. | 2,952,730 | 567,662 | ||||
NVIDIA Corp. | 481,134 | 527,482 | ||||
Meta Platforms Inc. Class A | 447,972 | 209,127 | ||||
* | Alphabet Inc. Class A | 1,137,723 | 196,257 | |||
* | Alphabet Inc. Class C | 1,081,670 | 188,167 | |||
Broadcom Inc. | 87,343 | 116,040 | ||||
* | Advanced Micro Devices Inc. | 324,870 | 54,221 | |||
QUALCOMM Inc. | 226,405 | 46,198 | ||||
Salesforce Inc. | 189,726 | 44,479 | ||||
* | Adobe Inc. | 91,539 | 40,713 | |||
Oracle Corp. | 312,222 | 36,589 | ||||
Applied Materials Inc. | 169,031 | 36,355 | ||||
Texas Instruments Inc. | 183,655 | 35,815 | ||||
Intuit Inc. | 55,516 | 32,002 | ||||
Micron Technology Inc. | 220,869 | 27,609 | ||||
* | ServiceNow Inc. | 41,385 | 27,187 | |||
Intel Corp. | 853,410 | 26,328 | ||||
Lam Research Corp. | 26,617 | 24,819 | ||||
KLA Corp. | 27,339 | 20,765 | ||||
* | Palo Alto Networks Inc. | 62,824 | 18,527 | |||
* | Synopsys Inc. | 30,727 | 17,232 | |||
* | Cadence Design Systems Inc. | 54,714 | 15,665 | |||
NXP Semiconductors NV | 52,267 | 14,222 | ||||
* | Crowdstrike Holdings Inc. Class A | 43,203 | 13,551 | |||
Marvell Technology Inc. | 173,003 | 11,904 | ||||
Microchip Technology Inc. | 107,246 | 10,427 | ||||
* | Autodesk Inc. | 43,461 | 8,762 | |||
* | Snowflake Inc. Class A | 63,580 | 8,658 | |||
* | Workday Inc. Class A | 40,568 | 8,578 | |||
* | Palantir Technologies Inc. Class A | 389,205 | 8,438 | |||
* | Super Micro Computer Inc. | 10,213 | 8,012 | |||
* | Fortinet Inc. | 130,086 | 7,717 | |||
* | DoorDash Inc. Class A | 62,677 | 6,901 | |||
Monolithic Power Systems Inc. | 9,284 | 6,830 | ||||
Vertiv Holdings Co. Class A | 69,207 | 6,787 | ||||
Cognizant Technology Solutions Corp. Class A | 101,469 | 6,712 | ||||
* | Gartner Inc. | 15,254 | 6,402 | |||
HP Inc. | 174,571 | 6,372 | ||||
* | ON Semiconductor Corp. | 87,201 | 6,369 | |||
* | Datadog Inc. Class A | 56,294 | 6,202 | |||
CDW Corp. | 27,390 | 6,125 | ||||
* | HubSpot Inc. | 9,400 | 5,744 | |||
Corning Inc. | 153,435 | 5,717 | ||||
NetApp Inc. | 41,799 | 5,034 | ||||
* | Western Digital Corp. | 65,490 | 4,931 |
Shares | Market Value ($000) | |||||
* | Pinterest Inc. Class A | 118,772 | 4,928 | |||
* | Atlassian Corp. Class A | 31,355 | 4,918 | |||
Hewlett Packard Enterprise Co. | 261,752 | 4,620 | ||||
*,1 | MicroStrategy Inc. Class A | 2,986 | 4,552 | |||
Teradyne Inc. | 31,269 | 4,407 | ||||
* | PTC Inc. | 23,140 | 4,078 | |||
* | Tyler Technologies Inc. | 8,407 | 4,038 | |||
* | Cloudflare Inc. Class A | 59,509 | 4,028 | |||
* | GoDaddy Inc. Class A | 28,612 | 3,995 | |||
Seagate Technology Holdings plc | 42,441 | 3,957 | ||||
Entegris Inc. | 30,263 | 3,824 | ||||
* | Pure Storage Inc. Class A | 58,233 | 3,511 | |||
* | AppLovin Corp. Class A | 40,747 | 3,320 | |||
* | MongoDB Inc. Class A | 13,705 | 3,235 | |||
* | Zoom Video Communications Inc. Class A | 52,165 | 3,200 | |||
* | VeriSign Inc. | 17,878 | 3,116 | |||
* | Zscaler Inc. | 17,957 | 3,052 | |||
Jabil Inc. | 25,329 | 3,012 | ||||
Skyworks Solutions Inc. | 32,116 | 2,976 | ||||
* | Flex Ltd. | 87,689 | 2,905 | |||
* | Check Point Software Technologies Ltd. | 18,847 | 2,836 | |||
Gen Digital Inc. | 111,769 | 2,775 | ||||
* | Akamai Technologies Inc. | 30,033 | 2,770 | |||
* | Okta Inc. Class A | 30,912 | 2,741 | |||
SS&C Technologies Holdings Inc. | 44,120 | 2,738 | ||||
* | Nutanix Inc. Class A | 49,297 | 2,727 | |||
* | Manhattan Associates Inc. | 12,376 | 2,717 | |||
* | Dynatrace Inc. | 52,113 | 2,383 | |||
* | DocuSign Inc. Class A | 40,901 | 2,239 | |||
* | Onto Innovation Inc. | 9,895 | 2,144 | |||
* | Lattice Semiconductor Corp. | 27,543 | 2,045 | |||
* | F5 Inc. | 11,840 | 2,001 | |||
* | EPAM Systems Inc. | 11,233 | 1,999 | |||
* | Twilio Inc. Class A | 34,262 | 1,967 | |||
* | Qorvo Inc. | 19,670 | 1,935 | |||
* | CyberArk Software Ltd. | 8,406 | 1,927 | |||
TD SYNNEX Corp. | 14,482 | 1,895 | ||||
* | Guidewire Software Inc. | 16,583 | 1,889 | |||
Amdocs Ltd. | 23,304 | 1,841 | ||||
* | Toast Inc. Class A | 74,544 | 1,806 | |||
* | Fabrinet | 7,398 | 1,772 | |||
* | Wix.com Ltd. | 10,841 | 1,746 | |||
* | Elastic NV | 16,224 | 1,688 | |||
* | Match Group Inc. | 54,869 | 1,681 | |||
Universal Display Corp. | 9,530 | 1,674 | ||||
Paycom Software Inc. | 10,420 | 1,514 | ||||
* | Dayforce Inc. | 29,941 | 1,481 | |||
* | Arrow Electronics Inc. | 10,756 | 1,412 | |||
* | SPS Commerce Inc. | 7,291 | 1,371 | |||
* | Globant SA | 8,366 | 1,348 | |||
* | Kyndryl Holdings Inc. | 46,787 | 1,245 | |||
* | Cirrus Logic Inc. | 10,700 | 1,227 | |||
* | Rambus Inc. | 21,787 | 1,204 | |||
* | Aspen Technology Inc. | 5,589 | 1,177 | |||
* | Dropbox Inc. Class A | 51,748 | 1,166 | |||
* | Novanta Inc. | 7,073 | 1,147 | |||
* | Monday.com Ltd. | 5,020 | 1,134 | |||
* | Procore Technologies Inc. | 16,354 | 1,098 | |||
* | Insight Enterprises Inc. | 5,600 | 1,095 | |||
* | Unity Software Inc. | 58,911 | 1,076 | |||
* | Qualys Inc. | 7,393 | 1,040 | |||
* | Confluent Inc. Class A | 38,807 | 1,008 | |||
Avnet Inc. | 18,324 | 1,000 | ||||
* | Tenable Holdings Inc. | 23,082 | 974 | |||
* | Smartsheet Inc. Class A | 25,966 | 961 | |||
* | Altair Engineering Inc. Class A | 10,988 | 960 | |||
Dolby Laboratories Inc. Class A | 11,775 | 954 | ||||
* | Varonis Systems Inc. Class B | 22,208 | 954 | |||
* | UiPath Inc. Class A | 76,934 | 943 | |||
* | CommVault Systems Inc. | 8,741 | 940 |
Shares | Market Value ($000) | |||||
* | GLOBALFOUNDRIES Inc. | 18,731 | 918 | |||
Power Integrations Inc. | 11,591 | 881 | ||||
* | CCC Intelligent Solutions Holdings Inc. | 78,631 | 879 | |||
* | Appfolio Inc. Class A | 3,791 | 866 | |||
* | FormFactor Inc. | 15,756 | 862 | |||
* | Gitlab Inc. Class A | 18,144 | 856 | |||
* | Silicon Laboratories Inc. | 6,536 | 825 | |||
* | SentinelOne Inc. Class A | 48,193 | 811 | |||
Advanced Energy Industries Inc. | 7,472 | 803 | ||||
* | Box Inc. Class A | 28,778 | 784 | |||
* | Workiva Inc. Class A | 10,047 | 773 | |||
* | Impinj Inc. | 4,694 | 768 | |||
Amkor Technology Inc. | 23,175 | 755 | ||||
* | Synaptics Inc. | 8,020 | 752 | |||
* | ZoomInfo Technologies Inc. Class A | 60,994 | 749 | |||
* | Axcelis Technologies Inc. | 6,532 | 735 | |||
* | Blackbaud Inc. | 8,904 | 694 | |||
* | Five9 Inc. | 14,649 | 685 | |||
* | Q2 Holdings Inc. | 11,163 | 679 | |||
* | Diodes Inc. | 8,909 | 660 | |||
* | Envestnet Inc. | 10,071 | 660 | |||
* | Alarm.com Holdings Inc. | 9,924 | 649 | |||
* | Wolfspeed Inc. | 25,183 | 647 | |||
* | HashiCorp Inc. Class A | 19,188 | 644 | |||
* | Teradata Corp. | 19,376 | 632 | |||
* | DXC Technology Co. | 39,558 | 615 | |||
Vishay Intertechnology Inc. | 25,461 | 602 | ||||
* | Global-e Online Ltd. | 18,836 | 588 | |||
* | RingCentral Inc. Class A | 17,064 | 584 | |||
* | BlackLine Inc. | 11,567 | 552 | |||
* | Ziff Davis Inc. | 9,498 | 547 | |||
Dun & Bradstreet Holdings Inc. | 56,621 | 543 | ||||
* | Clarivate plc | 93,875 | 535 | |||
Concentrix Corp. | 8,618 | 529 | ||||
Kulicke & Soffa Industries Inc. | 11,201 | 512 | ||||
* | DoubleVerify Holdings Inc. | 28,042 | 510 | |||
* | Perficient Inc. | 6,803 | 504 | |||
* | C3.ai Inc. Class A | 17,049 | 504 | |||
* | Squarespace Inc. Class A | 11,381 | 501 | |||
* | JFrog Ltd. | 15,148 | 487 | |||
Pegasystems Inc. | 8,460 | 486 | ||||
* | Yelp Inc. Class A | 13,131 | 485 | |||
* | Semtech Corp. | 11,983 | 466 | |||
* | Ambarella Inc. | 7,960 | 464 | |||
* | DigitalOcean Holdings Inc. | 12,102 | 448 | |||
Progress Software Corp. | 8,818 | 447 | ||||
* | SiTime Corp. | 3,637 | 443 | |||
* | Cargurus Inc. Class A | 18,125 | 439 | |||
* | Allegro MicroSystems Inc. | 14,366 | 433 | |||
* | nCino Inc. | 14,196 | 433 | |||
* | Rapid7 Inc. | 11,894 | 430 | |||
* | LiveRamp Holdings Inc. | 13,519 | 423 | |||
* | Rogers Corp. | 3,557 | 420 | |||
* | Freshworks Inc. Class A | 32,187 | 415 | |||
* | Braze Inc. Class A | 10,262 | 386 | |||
* | Verint Systems Inc. | 11,687 | 347 | |||
Xerox Holdings Corp. | 24,419 | 343 | ||||
* | Magnite Inc. | 27,766 | 343 | |||
* | PagerDuty Inc. | 17,706 | 336 | |||
* | NCR Voyix Corp. | 24,792 | 327 | |||
* | Sprout Social Inc. Class A | 9,644 | 315 | |||
CTS Corp. | 5,838 | 309 | ||||
* | Everbridge Inc. | 8,108 | 282 | |||
Clear Secure Inc. Class A | 16,519 | 279 | ||||
* | MaxLinear Inc. Class A | 15,567 | 277 | |||
* | PROS Holdings Inc. | 9,381 | 277 | |||
* | NetScout Systems Inc. | 12,879 | 265 | |||
*,1 | IonQ Inc. | 32,266 | 263 | |||
* | Upwork Inc. | 24,680 | 261 | |||
CSG Systems International Inc. | 5,901 | 255 |
Shares | Market Value ($000) | |||||
* | Informatica Inc. Class A | 8,690 | 251 | |||
* | Bumble Inc. Class A | 20,253 | 237 | |||
Adeia Inc. | 19,900 | 235 | ||||
* | Appian Corp. Class A | 8,157 | 232 | |||
* | Schrodinger Inc. | 10,184 | 219 | |||
* | Matterport Inc. | 49,144 | 216 | |||
* | ScanSource Inc. | 4,496 | 213 | |||
* | Asana Inc. Class A | 16,190 | 211 | |||
* | Jamf Holding Corp. | 13,199 | 210 | |||
* | Fastly Inc. Class A | 24,382 | 191 | |||
Shutterstock Inc. | 4,598 | 187 | ||||
* | Fiverr International Ltd. | 7,283 | 184 | |||
* | N-able Inc. | 12,937 | 173 | |||
* | Paycor HCM Inc. | 13,456 | 166 | |||
* | E2open Parent Holdings Inc. | 33,888 | 158 | |||
* | TechTarget Inc. | 4,800 | 145 | |||
* | Stratasys Ltd. | 12,776 | 111 | |||
SolarWinds Corp. | 9,438 | 109 | ||||
* | 3D Systems Corp. | 26,210 | 92 | |||
Methode Electronics Inc. | 6,600 | 78 | ||||
* | Thoughtworks Holding Inc. | 17,700 | 49 | |||
* | Cerence Inc. | 7,452 | 26 | |||
3,315,010 | ||||||
Telecommunications (2.3%) | ||||||
Cisco Systems Inc. | 822,013 | 38,224 | ||||
Verizon Communications Inc. | 851,054 | 35,021 | ||||
Comcast Corp. Class A | 796,971 | 31,903 | ||||
AT&T Inc. | 1,448,550 | 26,393 | ||||
T-Mobile US Inc. | 98,871 | 17,298 | ||||
* | Arista Networks Inc. | 50,683 | 15,086 | |||
Motorola Solutions Inc. | 33,431 | 12,199 | ||||
* | Charter Communications Inc. Class A | 20,448 | 5,871 | |||
Juniper Networks Inc. | 64,108 | 2,287 | ||||
* | Roku Inc. Class A | 25,258 | 1,450 | |||
* | Ciena Corp. | 29,179 | 1,405 | |||
* | Frontier Communications Parent Inc. | 49,532 | 1,320 | |||
* | Liberty Global Ltd. Class C | 47,189 | 805 | |||
* | Lumentum Holdings Inc. | 13,403 | 583 | |||
InterDigital Inc. | 4,955 | 564 | ||||
Cogent Communications Holdings Inc. | 8,896 | 527 | ||||
* | Liberty Global Ltd. Class A | 26,292 | 438 | |||
* | Calix Inc. | 12,073 | 431 | |||
Cable One Inc. | 1,080 | 417 | ||||
Telephone & Data Systems Inc. | 20,909 | 416 | ||||
* | Viavi Solutions Inc. | 44,492 | 335 | |||
* | Extreme Networks Inc. | 25,665 | 286 | |||
* | Lumen Technologies Inc. | 199,031 | 257 | |||
* | Liberty Latin America Ltd. Class C | 26,882 | 244 | |||
Shenandoah Telecommunications Co. | 8,900 | 167 | ||||
Ubiquiti Inc. | 800 | 114 | ||||
* | Liberty Latin America Ltd. Class A | 7,448 | 68 | |||
194,109 | ||||||
Utilities (0.5%) | ||||||
Waste Management Inc. | 82,276 | 17,338 | ||||
Republic Services Inc. Class A | 41,751 | 7,732 | ||||
American Water Works Co. Inc. | 39,502 | 5,166 | ||||
* | Clean Harbors Inc. | 10,243 | 2,218 | |||
Essential Utilities Inc. | 50,672 | 1,912 | ||||
* | Casella Waste Systems Inc. Class A | 11,473 | 1,154 | |||
* | Stericycle Inc. | 19,022 | 980 | |||
Ormat Technologies Inc. | 11,263 | 849 | ||||
* | Sunrun Inc. | 43,468 | 629 | |||
California Water Service Group | 11,857 | 592 | ||||
SJW Group | 5,968 | 326 | ||||
* | Sunnova Energy International Inc. | 18,325 | 96 | |||
38,992 | ||||||
Total Common Stocks (Cost $6,537,781) | 8,470,377 |
Coupon | Shares | Market Value ($000) | ||||
Temporary Cash Investments (0.5%) | ||||||
Money Market Fund (0.5%) | ||||||
4,5 | Vanguard Market Liquidity Fund (Cost $40,416) | 5.397% | 404,237 | 40,420 | ||
Total Investments (100.0%) (Cost $6,578,197) | 8,510,797 | |||||
Other Assets and Liabilities—Net (0.0%) | 2,709 | |||||
Net Assets (100%) | 8,513,506 |
Cost is in $000. | |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $5,148,000. |
2 | Security value determined using significant unobservable inputs. |
3 | Restricted securities totaling $12,000, representing 0.0% of net assets. |
4 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
5 | Collateral of $5,604,000 was received for securities on loan. |
REIT—Real Estate Investment Trust. |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini NASDAQ 100 Index | June 2024 | 28 | 10,411 | 160 |
E-mini S&P 500 Index | June 2024 | 133 | 35,215 | 557 |
717 |
A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund's pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.
B. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
C. Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund's investments and derivatives as of May 31, 2024, based on the inputs used to value them:
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 8,467,899 | 12 | 2,466 | 8,470,377 |
Temporary Cash Investments | 40,420 | — | — | 40,420 |
Total | 8,508,319 | 12 | 2,466 | 8,510,797 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 717 | — | — | 717 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. |