Transamerica Stock Index
SCHEDULE OF INVESTMENTS
At September 30, 2022
(unaudited)
| Value | ||||||||
| Master Portfolio - 100.1% | ||||||||
S&P 500 Index Master Portfolio | $ 266,861,241 | |||||||
|
| |||||||
Total Investments | 266,861,241 | |||||||
Net Other Assets (Liabilities) - (0.1)% | (160,147 | ) | ||||||
|
| |||||||
Net Assets - 100.0% | $ 266,701,094 | |||||||
|
| |||||||
Transamerica Funds | Page 1 |
NOTES TO SCHEDULE OF INVESTMENTS
At September 30, 2022
(unaudited)
INVESTMENT VALUATION
Transamerica Stock Index (the “Fund”) is a series of the Transamerica Funds.
The value of the Fund’s investment in the Master Portfolio, reflected within the Schedule of Investments, displays the Fund’s proportional interest in the net assets of the Master Portfolio. At the period ended September 30, 2022, the Fund held a 0.98% ownership interest in the Master Portfolio.
Information regarding the valuation policy for the underlying securities held by the Master Portfolio is discussed in the Master Portfolio’s Schedule of Investments, which accompany this report.
Transamerica Funds | Page 2 |
Schedule of Investments (unaudited) September 30, 2022 | S&P 500 Index Master Portfolio (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
Common Stocks | ||||||||
| Aerospace & Defense — 1.6% | ||||||||
Boeing Co.(a)(b) | 493,082 | $ | 59,702,369 | |||||
General Dynamics Corp. | 199,592 | 42,347,435 | ||||||
Howmet Aerospace, Inc. | 328,132 | 10,149,123 | ||||||
Huntington Ingalls Industries, Inc. | 35,470 | 7,856,605 | ||||||
L3Harris Technologies, Inc. | 171,007 | 35,540,385 | ||||||
Lockheed Martin Corp. | 209,983 | 81,114,333 | ||||||
Northrop Grumman Corp. | 129,551 | 60,930,426 | ||||||
Raytheon Technologies Corp. | 1,310,469 | 107,274,992 | ||||||
Textron, Inc. | 189,929 | 11,065,263 | ||||||
TransDigm Group, Inc. | 45,976 | 24,129,124 | ||||||
|
| |||||||
| 440,110,055 | ||||||||
| Air Freight & Logistics — 0.6% | ||||||||
CH Robinson Worldwide, Inc. | 112,308 | 10,816,384 | ||||||
Expeditors International of Washington, Inc. | 145,197 | 12,822,347 | ||||||
FedEx Corp. | 211,409 | 31,387,894 | ||||||
United Parcel Service, Inc., Class B | 651,167 | 105,189,517 | ||||||
|
| |||||||
| 160,216,142 | ||||||||
| Airlines(a) — 0.2% | ||||||||
Alaska Air Group, Inc. | 110,571 | 4,328,855 | ||||||
American Airlines Group, Inc.(b) | 585,790 | 7,052,911 | ||||||
Delta Air Lines, Inc. | 571,836 | 16,045,718 | ||||||
Southwest Airlines Co. | 527,496 | 16,267,977 | ||||||
United Airlines Holdings, Inc. | 289,149 | 9,406,017 | ||||||
|
| |||||||
| 53,101,478 | ||||||||
| Auto Components — 0.1% | ||||||||
Aptiv PLC(a) | 240,323 | 18,795,662 | ||||||
BorgWarner, Inc. | 211,222 | 6,632,371 | ||||||
|
| |||||||
| 25,428,033 | ||||||||
| Automobiles — 2.6% | ||||||||
Ford Motor Co. | 3,501,181 | 39,213,227 | ||||||
General Motors Co. | 1,292,711 | 41,483,096 | ||||||
Tesla, Inc.(a) | 2,363,924 | 627,030,841 | ||||||
|
| |||||||
| 707,727,164 | ||||||||
| Banks — 3.6% | ||||||||
Bank of America Corp. | 6,204,504 | 187,376,021 | ||||||
Citigroup, Inc. | 1,721,744 | 71,745,072 | ||||||
Citizens Financial Group, Inc. | 437,695 | 15,039,200 | ||||||
Comerica, Inc. | 114,048 | 8,108,813 | ||||||
Fifth Third Bancorp | 606,278 | 19,376,645 | ||||||
First Republic Bank | 159,197 | 20,783,168 | ||||||
Huntington Bancshares, Inc. | 1,284,924 | 16,935,298 | ||||||
JPMorgan Chase & Co. | 2,604,044 | 272,122,598 | ||||||
KeyCorp | 830,218 | 13,300,092 | ||||||
M&T Bank Corp. | 155,865 | 27,482,117 | ||||||
PNC Financial Services Group, Inc. | 364,002 | 54,389,179 | ||||||
Regions Financial Corp. | 829,365 | 16,645,355 | ||||||
Signature Bank | 56,384 | 8,513,984 | ||||||
SVB Financial Group(a) | 51,937 | 17,439,406 | ||||||
Truist Financial Corp. | 1,180,457 | 51,397,098 | ||||||
U.S. Bancorp | 1,198,730 | 48,332,794 | ||||||
Wells Fargo & Co. | 3,360,598 | 135,163,252 | ||||||
Zions Bancorp NA | 131,960 | 6,711,486 | ||||||
|
| |||||||
| 990,861,578 | ||||||||
| Beverages — 1.8% | ||||||||
Brown-Forman Corp., Class B | 161,092 | 10,723,895 | ||||||
Coca-Cola Co. | 3,459,167 | 193,782,535 | ||||||
Constellation Brands, Inc., Class A | 141,412 | 32,479,508 | ||||||
| Security | Shares | Value | ||||||
| Beverages (continued) | ||||||||
Keurig Dr Pepper, Inc. | 754,093 | $ | 27,011,611 | |||||
Molson Coors Beverage Co., Class B | 166,872 | 8,008,187 | ||||||
Monster Beverage Corp.(a)(b) | 333,428 | 28,994,899 | ||||||
PepsiCo, Inc. | 1,225,914 | 200,142,720 | ||||||
|
| |||||||
| 501,143,355 | ||||||||
| Biotechnology — 2.2% | ||||||||
AbbVie, Inc. | 1,566,753 | 210,273,920 | ||||||
Amgen, Inc. | 473,632 | 106,756,653 | ||||||
Biogen, Inc.(a) | 129,847 | 34,669,149 | ||||||
Gilead Sciences, Inc. | 1,112,098 | 68,605,326 | ||||||
Incyte Corp.(a) | 165,517 | 11,030,053 | ||||||
Moderna, Inc.(a) | 298,598 | 35,309,213 | ||||||
Regeneron Pharmaceuticals, Inc.(a) | 95,780 | 65,979,969 | ||||||
Vertex Pharmaceuticals, Inc.(a) | 226,758 | 65,655,511 | ||||||
|
| |||||||
| 598,279,794 | ||||||||
| Building Products — 0.4% | ||||||||
A O Smith Corp. | 117,189 | 5,693,042 | ||||||
Allegion PLC | 79,067 | 7,090,729 | ||||||
Carrier Global Corp. | 752,067 | 26,743,502 | ||||||
Fortune Brands Home & Security, Inc. | 116,636 | 6,262,187 | ||||||
Johnson Controls International PLC | 611,348 | 30,090,548 | ||||||
Masco Corp. | 200,159 | 9,345,424 | ||||||
Trane Technologies PLC | 207,345 | 30,025,629 | ||||||
|
| |||||||
| 115,251,061 | ||||||||
| Capital Markets — 2.9% | ||||||||
Ameriprise Financial, Inc. | 96,002 | 24,187,704 | ||||||
Bank of New York Mellon Corp. | 658,912 | 25,381,290 | ||||||
BlackRock, Inc.(c) | 133,813 | 73,634,618 | ||||||
Cboe Global Markets, Inc. | 95,106 | 11,162,591 | ||||||
Charles Schwab Corp. | 1,337,161 | 96,101,761 | ||||||
CME Group, Inc. | 318,667 | 56,445,486 | ||||||
FactSet Research Systems, Inc. | 33,909 | 13,567,330 | ||||||
Franklin Resources, Inc. | 241,640 | 5,200,093 | ||||||
Goldman Sachs Group, Inc. | 304,507 | 89,235,776 | ||||||
Intercontinental Exchange, Inc. | 494,969 | 44,720,449 | ||||||
Invesco Ltd. | 403,742 | 5,531,265 | ||||||
MarketAxess Holdings, Inc. | 33,622 | 7,480,559 | ||||||
Moody’s Corp. | 140,063 | 34,050,716 | ||||||
Morgan Stanley | 1,188,529 | 93,905,676 | ||||||
MSCI, Inc. | 72,091 | 30,407,263 | ||||||
Nasdaq, Inc. | 304,980 | 17,286,266 | ||||||
Northern Trust Corp. | 185,851 | 15,901,412 | ||||||
Raymond James Financial, Inc. | 173,252 | 17,120,763 | ||||||
S&P Global, Inc. | 302,386 | 92,333,565 | ||||||
State Street Corp. | 325,491 | 19,793,108 | ||||||
T Rowe Price Group, Inc. | 201,618 | 21,171,906 | ||||||
|
| |||||||
| 794,619,597 | ||||||||
| Chemicals — 1.7% | ||||||||
Air Products & Chemicals, Inc. | 196,628 | 45,761,234 | ||||||
Albemarle Corp. | 103,114 | 27,267,466 | ||||||
Celanese Corp. | 88,471 | 7,992,470 | ||||||
CF Industries Holdings, Inc. | 176,853 | 17,022,101 | ||||||
Corteva, Inc. | 641,646 | 36,670,069 | ||||||
Dow, Inc. | 645,549 | 28,358,968 | ||||||
DuPont de Nemours, Inc. | 451,077 | 22,734,281 | ||||||
Eastman Chemical Co. | 108,998 | 7,744,308 | ||||||
Ecolab, Inc. | 220,342 | 31,821,792 | ||||||
FMC Corp. | 112,552 | 11,896,746 | ||||||
International Flavors & Fragrances, Inc. | 225,781 | 20,507,688 | ||||||
Linde PLC(a) | 442,321 | 119,245,318 | ||||||
M A S T E R P O R T F O L��I O S C H E D U L E O F I N V E S T M E N T S | 1 |
Schedule of Investments (unaudited) (continued) September 30, 2022 | S&P 500 Index Master Portfolio (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Chemicals (continued) | ||||||||
LyondellBasell Industries NV, Class A | 225,827 | $ | 17,000,257 | |||||
Mosaic Co. | 306,439 | 14,810,197 | ||||||
PPG Industries, Inc. | 209,510 | 23,190,662 | ||||||
Sherwin-Williams Co. | 209,333 | 42,860,932 | ||||||
|
| |||||||
| 474,884,489 | ||||||||
| Commercial Services & Supplies — 0.5% | ||||||||
Cintas Corp. | 77,115 | 29,935,272 | ||||||
Copart, Inc.(a)(b) | 189,973 | 20,213,127 | ||||||
Republic Services, Inc. | 184,101 | 25,045,100 | ||||||
Rollins, Inc. | 200,466 | 6,952,161 | ||||||
Waste Management, Inc. | 333,836 | 53,483,866 | ||||||
|
| |||||||
| 135,629,526 | ||||||||
| Communications Equipment — 0.8% | ||||||||
Arista Networks, Inc.(a) | 218,750 | 24,694,687 | ||||||
Cisco Systems, Inc. | 3,683,164 | 147,326,560 | ||||||
F5, Inc.(a) | 53,572 | 7,753,476 | ||||||
Juniper Networks, Inc. | 288,574 | 7,537,553 | ||||||
Motorola Solutions, Inc. | 148,329 | 33,221,246 | ||||||
|
| |||||||
| 220,533,522 | ||||||||
| Construction & Engineering — 0.1% | ||||||||
Quanta Services, Inc. | 128,294 | 16,343,373 | ||||||
|
| |||||||
| Construction Materials — 0.1% | ||||||||
Martin Marietta Materials, Inc. | 55,319 | 17,817,697 | ||||||
Vulcan Materials Co. | 118,541 | 18,695,101 | ||||||
|
| |||||||
| 36,512,798 | ||||||||
| Consumer Finance — 0.5% | ||||||||
American Express Co. | 532,346 | 71,818,799 | ||||||
Capital One Financial Corp. | 340,655 | 31,398,171 | ||||||
Discover Financial Services | 242,451 | 22,043,645 | ||||||
Synchrony Financial(b) | 427,581 | 12,053,509 | ||||||
|
| |||||||
| 137,314,124 | ||||||||
| Containers & Packaging — 0.3% | ||||||||
Amcor PLC | 1,325,939 | 14,227,325 | ||||||
Avery Dennison Corp. | 72,162 | 11,740,757 | ||||||
Ball Corp. | 283,963 | 13,721,092 | ||||||
International Paper Co. | 321,305 | 10,185,369 | ||||||
Packaging Corp. of America | 83,104 | 9,331,748 | ||||||
Sealed Air Corp. | 127,950 | 5,695,055 | ||||||
Westrock Co. | 227,684 | 7,033,159 | ||||||
|
| |||||||
| 71,934,505 | ||||||||
| Distributors — 0.1% | ||||||||
Genuine Parts Co. | 126,362 | 18,868,374 | ||||||
LKQ Corp. | 231,177 | 10,899,996 | ||||||
Pool Corp. | 35,193 | 11,198,764 | ||||||
|
| |||||||
| 40,967,134 | ||||||||
| Diversified Financial Services — 1.6% | ||||||||
Berkshire Hathaway, Inc., Class B(a) | 1,601,863 | 427,729,458 | ||||||
|
| |||||||
| Diversified Telecommunication Services — 0.9% | ||||||||
AT&T, Inc. | 6,347,306 | 97,367,674 | ||||||
Lumen Technologies, Inc. | 826,702 | 6,018,391 | ||||||
Verizon Communications, Inc. | 3,723,484 | 141,380,687 | ||||||
|
| |||||||
| 244,766,752 | ||||||||
| Electric Utilities — 2.0% | ||||||||
Alliant Energy Corp. | 222,012 | 11,764,416 | ||||||
American Electric Power Co., Inc. | 455,318 | 39,362,241 | ||||||
Constellation Energy Corp. | 290,088 | 24,132,421 | ||||||
Duke Energy Corp. | 682,608 | 63,496,196 | ||||||
| Security | Shares | Value | ||||||
| Electric Utilities (continued) | ||||||||
Edison International | 339,150 | $ | 19,189,107 | |||||
Entergy Corp. | 181,095 | 18,223,590 | ||||||
Evergy, Inc. | 203,281 | 12,074,891 | ||||||
Eversource Energy | 305,775 | 23,838,219 | ||||||
Exelon Corp. | 869,073 | 32,555,474 | ||||||
FirstEnergy Corp. | 481,780 | 17,825,860 | ||||||
NextEra Energy, Inc. | 1,741,763 | 136,571,637 | ||||||
NRG Energy, Inc. | 209,647 | 8,023,191 | ||||||
PG&E Corp.(a) | 1,428,649 | 17,858,112 | ||||||
Pinnacle West Capital Corp. | 101,647 | 6,557,248 | ||||||
PPL Corp. | 652,765 | 16,547,593 | ||||||
Southern Co. | 942,055 | 64,059,740 | ||||||
Xcel Energy, Inc. | 482,900 | 30,905,600 | ||||||
|
| |||||||
| 542,985,536 | ||||||||
| Electrical Equipment — 0.5% | ||||||||
AMETEK, Inc. | 204,823 | 23,228,976 | ||||||
Eaton Corp. PLC | 353,761 | 47,177,567 | ||||||
Emerson Electric Co. | 526,652 | 38,561,460 | ||||||
Generac Holdings, Inc.(a) | 56,135 | 9,999,889 | ||||||
Rockwell Automation, Inc. | 103,345 | 22,230,543 | ||||||
|
| |||||||
| 141,198,435 | ||||||||
| Electronic Equipment, Instruments & Components — 0.6% | ||||||||
Amphenol Corp., Class A. | 529,435 | 35,450,968 | ||||||
CDW Corp. | 119,851 | 18,706,344 | ||||||
Corning, Inc. | 674,273 | 19,567,403 | ||||||
Keysight Technologies, Inc.(a) | 161,417 | 25,400,579 | ||||||
TE Connectivity Ltd. | 285,646 | 31,523,893 | ||||||
Teledyne Technologies, Inc.(a) | 41,305 | 13,939,198 | ||||||
Trimble, Inc.(a) | 223,646 | 12,137,268 | ||||||
Zebra Technologies Corp., Class A(a) | 46,118 | 12,083,377 | ||||||
|
| |||||||
| 168,809,030 | ||||||||
| Energy Equipment & Services — 0.3% | ||||||||
Baker Hughes Co. | 897,974 | 18,821,535 | ||||||
Halliburton Co. | 801,731 | 19,738,617 | ||||||
Schlumberger NV | 1,253,201 | 44,989,916 | ||||||
|
| |||||||
| 83,550,068 | ||||||||
| Entertainment — 1.3% | ||||||||
Activision Blizzard, Inc. | 631,841 | 46,971,060 | ||||||
Electronic Arts, Inc. | 234,438 | 27,126,821 | ||||||
Live Nation Entertainment, Inc.(a) | 121,437 | 9,234,069 | ||||||
Netflix, Inc.(a)(b) | 393,902 | 92,740,287 | ||||||
Take-Two Interactive Software, Inc.(a) | 139,467 | 15,201,903 | ||||||
Walt Disney Co.(a)(b) | 1,614,962 | 152,339,365 | ||||||
Warner Bros Discovery, Inc.(a) | 1,961,751 | 22,560,137 | ||||||
|
| |||||||
| 366,173,642 | ||||||||
| Equity Real Estate Investment Trusts (REITs) — 2.7% | ||||||||
Alexandria Real Estate Equities, Inc. | 131,244 | 18,399,096 | ||||||
American Tower Corp. | 412,009 | 88,458,332 | ||||||
AvalonBay Communities, Inc. | 124,022 | 22,843,612 | ||||||
Boston Properties, Inc. | 125,262 | 9,390,892 | ||||||
Camden Property Trust | 94,951 | 11,341,897 | ||||||
Crown Castle, Inc. | 383,934 | 55,497,660 | ||||||
Digital Realty Trust, Inc. | 252,396 | 25,032,635 | ||||||
Duke Realty Corp. | 342,220 | 16,495,004 | ||||||
Equinix, Inc. | 80,702 | 45,906,526 | ||||||
Equity Residential | 304,556 | 20,472,254 | ||||||
Essex Property Trust, Inc. | 58,250 | 14,109,897 | ||||||
Extra Space Storage, Inc. | 119,469 | 20,633,491 | ||||||
Federal Realty Investment Trust | 64,153 | 5,781,468 | ||||||
Healthpeak Properties, Inc. | 478,825 | 10,974,669 | ||||||
| 2 |
|
Schedule of Investments (unaudited) (continued) September 30, 2022 | S&P 500 Index Master Portfolio (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Equity Real Estate Investment Trusts (REITs) (continued) | ||||||||
Host Hotels & Resorts, Inc. | 639,228 | $ | 10,150,941 | |||||
Invitation Homes, Inc. | 514,634 | 17,379,190 | ||||||
Iron Mountain, Inc. | 256,147 | 11,262,784 | ||||||
Kimco Realty Corp. | 551,510 | 10,153,299 | ||||||
Mid-America Apartment Communities, Inc. | 102,014 | 15,819,311 | ||||||
Prologis, Inc. | 656,335 | 66,683,636 | ||||||
Public Storage | 140,221 | 41,058,111 | ||||||
Realty Income Corp. | 533,388 | 31,043,182 | ||||||
Regency Centers Corp. | 136,049 | 7,326,239 | ||||||
SBA Communications Corp. | 95,603 | 27,213,394 | ||||||
Simon Property Group, Inc. | 291,114 | 26,127,481 | ||||||
UDR, Inc. | 267,154 | 11,142,993 | ||||||
Ventas, Inc. | 352,239 | 14,149,441 | ||||||
VICI Properties, Inc. | 856,823 | 25,576,167 | ||||||
Vornado Realty Trust | 145,493 | 3,369,618 | ||||||
Welltower, Inc. | 402,496 | 25,888,543 | ||||||
Weyerhaeuser Co. | 660,389 | 18,860,710 | ||||||
|
| |||||||
| 728,542,473 | ||||||||
| Food & Staples Retailing — 1.6% | ||||||||
Costco Wholesale Corp. | 392,971 | 185,588,414 | ||||||
Kroger Co. | 577,730 | 25,275,687 | ||||||
Sysco Corp. | 451,711 | 31,940,485 | ||||||
Walgreens Boots Alliance, Inc. | 631,744 | 19,836,762 | ||||||
Walmart, Inc. | 1,265,101 | 164,083,600 | ||||||
|
| |||||||
| 426,724,948 | ||||||||
| Food Products — 1.1% | ||||||||
Archer-Daniels-Midland Co. | 498,908 | 40,137,149 | ||||||
Campbell Soup Co. | 178,885 | 8,429,061 | ||||||
Conagra Brands, Inc. | 420,925 | 13,734,783 | ||||||
General Mills, Inc. | 533,933 | 40,904,607 | ||||||
Hershey Co. | 129,438 | 28,537,196 | ||||||
Hormel Foods Corp. | 252,111 | 11,455,924 | ||||||
J M Smucker Co. | 95,549 | 13,129,388 | ||||||
Kellogg Co. | 223,680 | 15,581,549 | ||||||
Kraft Heinz Co. | 706,959 | 23,577,083 | ||||||
Lamb Weston Holdings, Inc. | 128,808 | 9,967,163 | ||||||
McCormick & Co., Inc. | 223,028 | 15,895,205 | ||||||
Mondelez International, Inc., Class A | 1,216,435 | 66,697,131 | ||||||
Tyson Foods, Inc., Class A | 259,308 | 17,096,176 | ||||||
|
| |||||||
| 305,142,415 | ||||||||
| Gas Utilities — 0.0% | ||||||||
Atmos Energy Corp. | 123,650 | 12,593,752 | ||||||
|
| |||||||
| Health Care Equipment & Supplies — 2.6% | ||||||||
Abbott Laboratories | 1,552,418 | 150,211,966 | ||||||
ABIOMED, Inc.(a)(b) | 39,992 | 9,824,435 | ||||||
Align Technology, Inc.(a)(b) | 64,641 | 13,387,797 | ||||||
Baxter International, Inc. | 446,643 | 24,056,192 | ||||||
Becton Dickinson & Co. | 252,744 | 56,318,946 | ||||||
Boston Scientific Corp.(a) | 1,267,485 | 49,089,694 | ||||||
Cooper Cos., Inc. | 43,566 | 11,497,067 | ||||||
Dentsply Sirona, Inc. | 193,068 | 5,473,478 | ||||||
DexCom, Inc.(a)(b) | 349,043 | 28,111,923 | ||||||
Edwards Lifesciences Corp.(a) | 551,257 | 45,550,366 | ||||||
Hologic, Inc.(a) | 221,371 | 14,282,857 | ||||||
IDEXX Laboratories, Inc.(a)(b) | 74,434 | 24,250,597 | ||||||
Intuitive Surgical, Inc.(a) | 318,258 | 59,654,279 | ||||||
Medtronic PLC | 1,179,285 | 95,227,264 | ||||||
ResMed, Inc. | 129,699 | 28,313,292 | ||||||
STERIS PLC | 89,224 | 14,836,167 | ||||||
| Security | Shares | Value | ||||||
| Health Care Equipment & Supplies (continued) | ||||||||
Stryker Corp. | 298,398 | $ | 60,437,531 | |||||
Teleflex, Inc. | 41,833 | 8,427,676 | ||||||
Zimmer Biomet Holdings, Inc. | 185,815 | 19,426,958 | ||||||
|
| |||||||
| 718,378,485 | ||||||||
| Health Care Providers & Services — 3.6% | ||||||||
AmerisourceBergen Corp. | 134,366 | 18,183,751 | ||||||
Cardinal Health, Inc. | 242,546 | 16,172,967 | ||||||
Centene Corp.(a) | 507,302 | 39,473,169 | ||||||
Cigna Corp. | 270,804 | 75,139,986 | ||||||
CVS Health Corp. | 1,162,631 | 110,880,118 | ||||||
DaVita, Inc.(a)(b) | 49,430 | 4,091,321 | ||||||
Elevance Health, Inc. | 213,751 | 97,094,254 | ||||||
HCA Healthcare, Inc. | 191,060 | 35,114,917 | ||||||
Henry Schein, Inc.(a) | 122,025 | 8,025,584 | ||||||
Humana, Inc. | 112,151 | 54,414,544 | ||||||
Laboratory Corp. of America Holdings | 81,555 | 16,703,280 | ||||||
McKesson Corp. | 127,566 | 43,355,856 | ||||||
Molina Healthcare, Inc.(a) | 52,099 | 17,184,334 | ||||||
Quest Diagnostics, Inc.(b) | 104,984 | 12,880,487 | ||||||
UnitedHealth Group, Inc.(b) | 830,192 | 419,280,168 | ||||||
Universal Health Services, Inc., Class B | 58,239 | 5,135,515 | ||||||
|
| |||||||
| 973,130,251 | ||||||||
| Hotels, Restaurants & Leisure — 1.9% | ||||||||
Booking Holdings, Inc.(a) | 35,241 | 57,908,364 | ||||||
Caesars Entertainment, Inc.(a)(b) | 187,384 | 6,045,008 | ||||||
Carnival Corp.(a)(b) | 865,837 | 6,086,834 | ||||||
Chipotle Mexican Grill, Inc.(a)(b) | 24,792 | 37,256,426 | ||||||
Darden Restaurants, Inc. | 110,089 | 13,906,442 | ||||||
Domino’s Pizza, Inc. | 31,804 | 9,865,601 | ||||||
Expedia Group, Inc.(a) | 134,318 | 12,584,253 | ||||||
Hilton Worldwide Holdings, Inc.(b) | 246,774 | 29,765,880 | ||||||
Las Vegas Sands Corp.(a) | 291,635 | 10,942,145 | ||||||
Marriott International, Inc., Class A(b) | 243,758 | 34,160,246 | ||||||
McDonald’s Corp. | 652,980 | 150,668,605 | ||||||
MGM Resorts International | 289,583 | 8,606,407 | ||||||
Norwegian Cruise Line Holdings Ltd.(a) | 371,149 | 4,216,253 | ||||||
Royal Caribbean Cruises Ltd.(a) | 196,732 | 7,456,143 | ||||||
Starbucks Corp. | 1,016,863 | 85,680,876 | ||||||
Wynn Resorts Ltd.(a)(b) | 94,780 | 5,973,983 | ||||||
Yum! Brands, Inc. | 253,311 | 26,937,092 | ||||||
|
| |||||||
| 508,060,558 | ||||||||
| Household Durables — 0.3% | ||||||||
D.R. Horton, Inc. | 284,156 | 19,137,907 | ||||||
Garmin Ltd. | 135,601 | 10,890,116 | ||||||
Lennar Corp., Class A | 228,001 | 16,997,474 | ||||||
Mohawk Industries, Inc.(a) | 44,821 | 4,087,227 | ||||||
Newell Brands, Inc. | 322,363 | 4,477,622 | ||||||
NVR, Inc.(a) | 2,760 | 11,004,341 | ||||||
PulteGroup, Inc.(b) | 205,414 | 7,703,025 | ||||||
Whirlpool Corp. | 48,886 | 6,590,322 | ||||||
|
| |||||||
| 80,888,034 | ||||||||
| Household Products — 1.4% | ||||||||
Church & Dwight Co., Inc.(b) | 216,177 | 15,443,685 | ||||||
Clorox Co. | 108,597 | 13,942,769 | ||||||
Colgate-Palmolive Co. | 742,935 | 52,191,184 | ||||||
Kimberly-Clark Corp. | 298,724 | 33,618,399 | ||||||
Procter & Gamble Co. | 2,120,830 | 267,754,787 | ||||||
|
| |||||||
| 382,950,824 | ||||||||
M A S T E R P O R T F O L I O S C H E D U L E O F I N V E S T M E N T S | 3 |
Schedule of Investments (unaudited) (continued) September 30, 2022 | S&P 500 Index Master Portfolio (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Independent Power and Renewable Electricity Producers — 0.0% | ||||||||
AES Corp. | 586,729 | $ | 13,260,075 | |||||
|
| |||||||
| Industrial Conglomerates — 0.8% | ||||||||
3M Co. | 491,356 | 54,294,838 | ||||||
General Electric Co. | 975,871 | 60,416,174 | ||||||
Honeywell International, Inc. | 597,930 | 99,836,372 | ||||||
|
| |||||||
| 214,547,384 | ||||||||
| Insurance — 2.2% | ||||||||
Aflac, Inc. | 510,376 | 28,683,131 | ||||||
Allstate Corp. | 239,899 | 29,874,622 | ||||||
American International Group, Inc. | 674,902 | 32,044,347 | ||||||
Aon PLC, Class A | 188,304 | 50,440,992 | ||||||
Arthur J Gallagher & Co. | 186,250 | 31,889,725 | ||||||
Assurant, Inc. | 47,910 | 6,959,886 | ||||||
Brown & Brown, Inc.(b) | 206,379 | 12,481,802 | ||||||
Chubb Ltd. | 370,674 | 67,418,187 | ||||||
Cincinnati Financial Corp. | 131,252 | 11,756,242 | ||||||
Everest Re Group Ltd. | 35,420 | 9,295,625 | ||||||
Globe Life, Inc. | 80,648 | 8,040,605 | ||||||
Hartford Financial Services Group, Inc. | 286,802 | 17,764,516 | ||||||
Lincoln National Corp. | 142,833 | 6,271,797 | ||||||
Loews Corp. | 171,195 | 8,532,359 | ||||||
Marsh & McLennan Cos., Inc. | 445,006 | 66,434,946 | ||||||
MetLife, Inc. | 594,650 | 36,142,827 | ||||||
Principal Financial Group, Inc. | 207,886 | 14,998,975 | ||||||
Progressive Corp. | 518,563 | 60,262,206 | ||||||
Prudential Financial, Inc. | 332,483 | 28,520,392 | ||||||
Travelers Cos., Inc. | 212,754 | 32,593,913 | ||||||
W R Berkley Corp. | 187,309 | 12,096,415 | ||||||
Willis Towers Watson PLC | 97,471 | 19,585,823 | ||||||
|
| |||||||
| 592,089,333 | ||||||||
| Interactive Media & Services(a) — 4.7% | ||||||||
Alphabet, Inc., Class A | 5,321,703 | 509,020,892 | ||||||
Alphabet, Inc., Class C(b) | 4,758,833 | 457,561,793 | ||||||
Match Group, Inc. | 253,328 | 12,096,412 | ||||||
Meta Platforms, Inc., Class A | 2,024,193 | 274,642,506 | ||||||
Twitter, Inc. | 596,748 | 26,161,432 | ||||||
|
| |||||||
| 1,279,483,035 | ||||||||
| Internet & Direct Marketing Retail — 3.4% | ||||||||
Amazon.com, Inc.(a) | 7,866,440 | 888,907,720 | ||||||
eBay, Inc. | 487,587 | 17,948,078 | ||||||
Etsy, Inc.(a)(b) | 111,885 | 11,203,045 | ||||||
|
| |||||||
| 918,058,843 | ||||||||
| IT Services — 4.3% | ||||||||
Accenture PLC, Class A | 561,585 | 144,495,820 | ||||||
Akamai Technologies, Inc.(a) | 140,536 | 11,287,852 | ||||||
Automatic Data Processing, Inc. | 370,382 | 83,776,705 | ||||||
Broadridge Financial Solutions, Inc. | 103,442 | 14,928,749 | ||||||
Cognizant Technology Solutions Corp., Class A | 462,083 | 26,542,048 | ||||||
DXC Technology Co.(a) | 212,880 | 5,211,302 | ||||||
EPAM Systems, Inc.(a)(b) | 50,374 | 18,244,959 | ||||||
Fidelity National Information Services, Inc. | 541,521 | 40,922,742 | ||||||
Fiserv, Inc.(a) | 567,658 | 53,115,759 | ||||||
FleetCor Technologies, Inc.(a) | 66,577 | 11,728,870 | ||||||
Gartner, Inc.(a)(b) | 70,199 | 19,423,361 | ||||||
Global Payments, Inc. | 245,994 | 26,579,652 | ||||||
International Business Machines Corp. | 797,456 | 94,745,747 | ||||||
Jack Henry & Associates, Inc. | 64,717 | 11,795,968 | ||||||
Mastercard, Inc., Class A | 757,270 | 215,322,152 | ||||||
| Security | Shares | Value | ||||||
| IT Services (continued) | ||||||||
Paychex, Inc. | 284,875 | $ | 31,965,824 | |||||
PayPal Holdings, Inc.(a)(b) | 1,026,740 | 88,371,512 | ||||||
VeriSign, Inc.(a) | 84,410 | 14,662,017 | ||||||
Visa, Inc., Class A(b) | 1,451,145 | 257,795,909 | ||||||
|
| |||||||
| 1,170,916,948 | ||||||||
| Leisure Products — 0.0% | ||||||||
Hasbro, Inc. | 116,181 | 7,832,923 | ||||||
|
| |||||||
| Life Sciences Tools & Services — 1.9% | ||||||||
Agilent Technologies, Inc. | 266,086 | 32,342,753 | ||||||
Bio-Rad Laboratories, Inc., Class A(a) | 19,124 | 7,977,385 | ||||||
Bio-Techne Corp. | 35,094 | 9,966,696 | ||||||
Charles River Laboratories International, Inc.(a)(b) | 45,143 | 8,884,142 | ||||||
Danaher Corp. | 581,074 | 150,085,603 | ||||||
Illumina, Inc.(a) | 139,268 | 26,570,942 | ||||||
IQVIA Holdings, Inc.(a) | 165,534 | 29,984,829 | ||||||
Mettler-Toledo International, Inc.(a) | 20,104 | 21,795,148 | ||||||
PerkinElmer, Inc. | 111,944 | 13,470,222 | ||||||
Thermo Fisher Scientific, Inc. | 347,078 | 176,034,491 | ||||||
Waters Corp.(a) | 53,056 | 14,300,184 | ||||||
West Pharmaceutical Services, Inc.(b) | 65,932 | 16,224,547 | ||||||
|
| |||||||
| 507,636,942 | ||||||||
| Machinery — 1.6% | ||||||||
Caterpillar, Inc. | 468,542 | 76,878,371 | ||||||
Cummins, Inc. | 125,100 | 25,459,101 | ||||||
Deere & Co. | 247,520 | 82,644,453 | ||||||
Dover Corp. | 126,744 | 14,775,816 | ||||||
Fortive Corp. | 316,569 | 18,455,973 | ||||||
IDEX Corp. | 67,525 | 13,494,871 | ||||||
Illinois Tool Works, Inc. | 251,279 | 45,393,551 | ||||||
Ingersoll Rand, Inc. | 360,431 | 15,592,245 | ||||||
Nordson Corp. | 48,160 | 10,222,923 | ||||||
Otis Worldwide Corp. | 374,857 | 23,915,877 | ||||||
PACCAR, Inc. | 309,215 | 25,878,203 | ||||||
Parker-Hannifin Corp. | 114,084 | 27,643,694 | ||||||
Pentair PLC | 143,460 | 5,828,780 | ||||||
Snap-on, Inc. | 47,326 | 9,529,090 | ||||||
Stanley Black & Decker, Inc. | 134,067 | 10,083,179 | ||||||
Westinghouse Air Brake Technologies Corp. | 162,123 | 13,188,706 | ||||||
Xylem, Inc. | 159,878 | 13,966,942 | ||||||
|
| |||||||
| 432,951,775 | ||||||||
| Media — 0.7% | ||||||||
Charter Communications, Inc., Class A(a) | 98,386 | 29,845,393 | ||||||
Comcast Corp., Class A | 3,908,553 | 114,637,859 | ||||||
DISH Network Corp., Class A(a) | 215,498 | 2,980,337 | ||||||
Fox Corp., Class A | 278,201 | 8,535,207 | ||||||
Fox Corp., Class B | 124,777 | 3,556,145 | ||||||
Interpublic Group of Cos., Inc. | 350,413 | 8,970,573 | ||||||
News Corp., Class A | 336,405 | 5,083,080 | ||||||
News Corp., Class B | 114,231 | 1,761,442 | ||||||
Omnicom Group, Inc. | 180,755 | 11,403,833 | ||||||
Paramount Global, Class B | 448,180 | 8,533,347 | ||||||
|
| |||||||
| 195,307,216 | ||||||||
| Metals & Mining — 0.3% | ||||||||
Freeport-McMoRan, Inc. | 1,269,185 | 34,686,826 | ||||||
Newmont Corp. | 703,666 | 29,575,082 | ||||||
Nucor Corp. | 235,294 | 25,174,105 | ||||||
|
| |||||||
| 89,436,013 | ||||||||
| 4 |
|
Schedule of Investments (unaudited) (continued) September 30, 2022 | S&P 500 Index Master Portfolio (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Multiline Retail — 0.5% | ||||||||
Dollar General Corp. | 202,845 | $ | 48,654,402 | |||||
Dollar Tree, Inc.(a)(b) | 187,345 | 25,497,654 | ||||||
Target Corp. | 409,989 | 60,838,268 | ||||||
|
| |||||||
| 134,990,324 | ||||||||
| Multi-Utilities — 0.9% | ||||||||
Ameren Corp. | 227,175 | 18,298,946 | ||||||
CenterPoint Energy, Inc. | 557,990 | 15,724,158 | ||||||
CMS Energy Corp. | 257,351 | 14,988,122 | ||||||
Consolidated Edison, Inc. | 314,125 | 26,939,360 | ||||||
Dominion Energy, Inc. | 738,882 | 51,064,135 | ||||||
DTE Energy Co. | 172,340 | 19,827,717 | ||||||
NiSource, Inc. | 363,616 | 9,159,487 | ||||||
Public Service Enterprise Group, Inc. | 443,878 | 24,959,260 | ||||||
Sempra Energy | 278,669 | 41,783,630 | ||||||
WEC Energy Group, Inc. | 279,671 | 25,010,978 | ||||||
|
| |||||||
| 247,755,793 | ||||||||
| Oil, Gas & Consumable Fuels — 4.2% | ||||||||
APA Corp. | 289,809 | 9,908,570 | ||||||
Chevron Corp. | 1,598,322 | 229,630,922 | ||||||
ConocoPhillips | 1,129,871 | 115,630,998 | ||||||
Coterra Energy, Inc. | 718,900 | 18,777,668 | ||||||
Devon Energy Corp. | 581,163 | 34,945,331 | ||||||
Diamondback Energy, Inc. | 147,994 | 17,827,357 | ||||||
EOG Resources, Inc. | 519,304 | 58,021,836 | ||||||
EQT Corp. | 328,124 | 13,371,053 | ||||||
Exxon Mobil Corp. | 3,698,953 | 322,955,586 | ||||||
Hess Corp. | 245,821 | 26,792,031 | ||||||
Kinder Morgan, Inc. | 1,728,931 | 28,769,412 | ||||||
Marathon Oil Corp. | 601,384 | 13,579,251 | ||||||
Marathon Petroleum Corp. | 442,550 | 43,958,492 | ||||||
Occidental Petroleum Corp.(b) | 661,391 | 40,642,477 | ||||||
ONEOK, Inc. | 393,926 | 20,184,768 | ||||||
Phillips 66 | 426,552 | 34,431,277 | ||||||
Pioneer Natural Resources Co. | 211,827 | 45,866,900 | ||||||
Valero Energy Corp. | 349,666 | 37,361,812 | ||||||
Williams Cos., Inc. | 1,079,913 | 30,917,909 | ||||||
|
| |||||||
| 1,143,573,650 | ||||||||
| Personal Products — 0.2% | ||||||||
Estee Lauder Cos., Inc., Class A | 205,523 | 44,372,416 | ||||||
|
| |||||||
| Pharmaceuticals — 4.6% | ||||||||
Bristol-Myers Squibb Co. | 1,887,669 | 134,194,389 | ||||||
Catalent, Inc.(a) | 159,378 | 11,532,592 | ||||||
Eli Lilly & Co. | 699,217 | 226,091,817 | ||||||
Johnson & Johnson | 2,333,051 | 381,127,211 | ||||||
Merck & Co., Inc. | 2,242,087 | 193,088,533 | ||||||
Organon & Co. | 229,346 | 5,366,696 | ||||||
Pfizer, Inc. | 4,974,727 | 217,694,054 | ||||||
Viatris, Inc. | 1,068,009 | 9,099,437 | ||||||
Zoetis, Inc. | 417,269 | 61,876,820 | ||||||
|
| |||||||
| 1,240,071,549 | ||||||||
| Professional Services — 0.4% | ||||||||
CoStar Group, Inc.(a) | 354,785 | 24,710,775 | ||||||
Equifax, Inc. | 108,820 | 18,655,013 | ||||||
Jacobs Solutions, Inc. | 114,095 | 12,378,167 | ||||||
Leidos Holdings, Inc. | 120,862 | 10,571,799 | ||||||
Nielsen Holdings PLC | 316,549 | 8,774,738 | ||||||
| Security | Shares | Value | ||||||
| Professional Services (continued) | ||||||||
Robert Half International, Inc. | 99,063 | $ | 7,578,319 | |||||
Verisk Analytics, Inc.(b) | 139,421 | 23,775,463 | ||||||
|
| |||||||
| 106,444,274 | ||||||||
| Real Estate Management & Development — 0.1% | ||||||||
CBRE Group, Inc., Class A(a) | 288,327 | 19,464,956 | ||||||
|
| |||||||
| Road & Rail — 0.9% | ||||||||
CSX Corp. | 1,900,442 | 50,627,775 | ||||||
JB Hunt Transport Services, Inc. | 74,860 | 11,709,601 | ||||||
Norfolk Southern Corp. | 208,461 | 43,703,849 | ||||||
Old Dominion Freight Line, Inc. | 81,523 | 20,280,477 | ||||||
Union Pacific Corp. | 556,819 | 108,479,477 | ||||||
|
| |||||||
| 234,801,179 | ||||||||
| Semiconductors & Semiconductor Equipment — 4.7% | ||||||||
Advanced Micro Devices, Inc.(a) | 1,436,773 | 91,033,937 | ||||||
Analog Devices, Inc. | 463,981 | 64,651,113 | ||||||
Applied Materials, Inc. | 772,115 | 63,259,382 | ||||||
Broadcom, Inc. | 358,406 | 159,135,848 | ||||||
Enphase Energy, Inc.(a) | 119,718 | 33,218,153 | ||||||
Intel Corp. | 3,625,385 | 93,426,171 | ||||||
KLA Corp. | 125,857 | 38,088,104 | ||||||
Lam Research Corp. | 121,571 | 44,494,986 | ||||||
Microchip Technology, Inc. | 492,952 | 30,084,861 | ||||||
Micron Technology, Inc. | 979,088 | 49,052,309 | ||||||
Monolithic Power Systems, Inc. | 39,190 | 14,241,646 | ||||||
NVIDIA Corp. | 2,220,106 | 269,498,667 | ||||||
NXP Semiconductors NV | 232,795 | 34,339,590 | ||||||
ON Semiconductor Corp.(a)(b) | 385,418 | 24,023,104 | ||||||
Qorvo, Inc.(a) | 94,933 | 7,538,630 | ||||||
Qualcomm, Inc. | 993,013 | 112,190,609 | ||||||
Skyworks Solutions, Inc. | 144,009 | 12,279,647 | ||||||
SolarEdge Technologies, Inc.(a) | 49,226 | 11,393,850 | ||||||
Teradyne, Inc. | 142,480 | 10,707,372 | ||||||
Texas Instruments, Inc. | 810,954 | 125,519,460 | ||||||
|
| |||||||
| 1,288,177,439 | ||||||||
| Software — 8.4% | ||||||||
Adobe, Inc.(a) | 415,370 | 114,309,824 | ||||||
ANSYS, Inc.(a) | 77,415 | 17,162,905 | ||||||
Autodesk, Inc.(a) | 192,864 | 36,026,995 | ||||||
Cadence Design Systems, Inc.(a) | 244,493 | 39,957,491 | ||||||
Ceridian HCM Holding, Inc.(a)(b) | 123,503 | 6,901,348 | ||||||
Citrix Systems, Inc. | 109,996 | 11,428,584 | ||||||
Fortinet, Inc.(a)(b) | 580,872 | 28,538,241 | ||||||
Intuit, Inc. | 250,746 | 97,118,941 | ||||||
Microsoft Corp. | 6,619,194 | 1,541,610,283 | ||||||
NortonLifeLock, Inc. | 517,189 | 10,416,186 | ||||||
Oracle Corp. | 1,348,184 | 82,333,597 | ||||||
Paycom Software, Inc.(a) | 42,298 | 13,957,917 | ||||||
PTC, Inc.(a) | 93,526 | 9,782,820 | ||||||
Roper Technologies, Inc. | 93,904 | 33,771,635 | ||||||
Salesforce, Inc.(a) | 880,879 | 126,705,635 | ||||||
ServiceNow, Inc.(a) | 177,732 | 67,113,381 | ||||||
Synopsys, Inc.(a) | 135,740 | 41,469,927 | ||||||
Tyler Technologies, Inc.(a) | 36,509 | 12,686,878 | ||||||
|
| |||||||
| 2,291,292,588 | ||||||||
| Specialty Retail — 2.2% | ||||||||
Advance Auto Parts, Inc. | 54,557 | 8,529,441 | ||||||
AutoZone, Inc.(a) | 17,296 | 37,046,821 | ||||||
Bath & Body Works, Inc. | 208,330 | 6,791,558 | ||||||
M A S T E R P O R T F O L I O S C H E D U L E O F I N V E S T M E N T S | 5 |
Schedule of Investments (unaudited) (continued) September 30, 2022 | S&P 500 Index Master Portfolio (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Specialty Retail (continued) | ||||||||
Best Buy Co., Inc. | 180,238 | $ | 11,416,275 | |||||
CarMax, Inc.(a)(b) | 143,103 | 9,447,660 | ||||||
Home Depot, Inc. | 912,176 | 251,705,846 | ||||||
Lowe’s Cos., Inc.(b) | 567,254 | 106,535,974 | ||||||
O’Reilly Automotive, Inc.(a) | 56,583 | 39,797,653 | ||||||
Ross Stores, Inc. | 311,694 | 26,266,453 | ||||||
TJX Cos., Inc. | 1,041,276 | 64,684,065 | ||||||
Tractor Supply Co. | 98,613 | 18,330,185 | ||||||
Ulta Beauty, Inc.(a) | 46,327 | 18,585,929 | ||||||
|
| |||||||
| 599,137,860 | ||||||||
| Technology Hardware, Storage & Peripherals — 7.0% | ||||||||
Apple, Inc. | 13,407,663 | 1,852,939,026 | ||||||
Hewlett Packard Enterprise Co. | 1,143,189 | 13,695,404 | ||||||
HP, Inc. | 807,700 | 20,127,884 | ||||||
NetApp, Inc. | 196,509 | 12,154,082 | ||||||
Seagate Technology Holdings PLC | 176,010 | 9,369,012 | ||||||
Western Digital Corp.(a) | 277,934 | 9,046,752 | ||||||
|
| |||||||
| 1,917,332,160 | ||||||||
| Textiles, Apparel & Luxury Goods — 0.4% | ||||||||
NIKE, Inc., Class B | 1,124,907 | 93,502,270 | ||||||
Ralph Lauren Corp. | 39,948 | 3,392,783 | ||||||
Tapestry, Inc. | 219,951 | 6,253,207 | ||||||
VF Corp. | 286,322 | 8,563,891 | ||||||
|
| |||||||
| 111,712,151 | ||||||||
| Tobacco — 0.7% | ||||||||
Altria Group, Inc. | 1,605,274 | 64,820,964 | ||||||
Philip Morris International, Inc. | 1,374,357 | 114,085,375 | ||||||
|
| |||||||
| 178,906,339 | ||||||||
| Trading Companies & Distributors — 0.2% | ||||||||
Fastenal Co.(b) | 512,473 | 23,594,257 | ||||||
United Rentals, Inc.(a) | 63,522 | 17,158,563 | ||||||
W.W.Grainger, Inc. | 37,795 | 18,488,936 | ||||||
|
| |||||||
| 59,241,756 | ||||||||
| Water Utilities — 0.1% | ||||||||
American Water Works Co., Inc. | 161,430 | 21,011,729 | ||||||
|
| |||||||
| Security | Shares | Value | ||||||
| Wireless Telecommunication Services — 0.3% | ||||||||
T-Mobile U.S., Inc.(a)(b) | 534,247 | $ | 71,679,920 | |||||
|
| |||||||
Total Common Stocks — 98.2% | 26,763,968,959 | |||||||
|
| |||||||
Investment Companies |
| |||||||
| Equity Funds — 1.2% | ||||||||
iShares Core S&P 500 ETF(c) | 885,861 | 317,714,048 | ||||||
|
| |||||||
Total Investment Companies — 1.2% |
| 317,714,048 | ||||||
|
| |||||||
Total Long-Term Investments — 99.4% |
| 27,081,683,007 | ||||||
|
| |||||||
Short-Term Securities |
| |||||||
| Money Market Funds — 2.0% | ||||||||
BlackRock Cash Funds: Institutional, | 379,639,776 | 379,753,668 | ||||||
BlackRock Cash Funds: Treasury, | 150,744,088 | 150,744,088 | ||||||
|
| |||||||
Total Short-Term Securities — 2.0% | 530,497,756 | |||||||
|
| |||||||
Total Investments — 101.4% | 27,612,180,763 | |||||||
Liabilities in Excess of Other Assets — (1.4)% |
| (369,271,360 | ) | |||||
|
| |||||||
Net Assets — 100.0% | $ | 27,242,909,403 | ||||||
|
| |||||||
| (a) | Non-income producing security. |
| (b) | All or a portion of this security is on loan. |
| (c) | Affiliate of the Master Portfolio. |
| (d) | Annualized 7-day yield as of period end. |
| (e) | All or a portion of this security was purchased with the cash collateral from loaned securities. |
For Master Portfolio compliance purposes, the Master Portfolio’s industry classifications refer to one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.
| 6 |
|
Schedule of Investments (unaudited) (continued) September 30, 2022 | S&P 500 Index Master Portfolio |
Affiliates
Investments in issuers considered to be affiliate(s) of the Master Portfolio during the period ended September 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| Affiliated Issuer | Value at 12/31/21 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 09/30/22 | Shares Held at 09/30/22 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares | $ | 129,540,046 | $ | 250,167,710 | (a) | $ | — | $ | (64,845 | ) | $ | 110,757 | $ | 379,753,668 | 379,639,776 | $ | 347,554 | (b) | $ | — | ||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares | 190,825,864 | — | (40,081,776 | )(a) | — | — | 150,744,088 | 150,744,088 | 880,713 | — | ||||||||||||||||||||||||||
BlackRock, Inc. | 110,121,726 | 9,316,285 | (599,256 | ) | (183,383 | ) | (45,020,754 | ) | 73,634,618 | 133,813 | 1,795,045 | — | ||||||||||||||||||||||||
iShares Core S&P 500 ETF | 433,216,628 | 2,340,983,154 | (2,407,877,485 | ) | (6,554,697 | ) | (42,053,552 | ) | 317,714,048 | 885,861 | 2,696,485 | — | ||||||||||||||||||||||||
|
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|
|
|
|
|
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| $ | (6,802,925 | ) | $ | (86,963,549 | ) | $ | 921,846,422 | $ | 5,719,797 | $ | — | |||||||||||||||||||||||||
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| (a) | Represents net amount purchased (sold). |
| (b) | All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities. |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
| Description | Number of Contracts | Expiration Date | Notional Amount (000) | Value/ Unrealized Appreciation (Depreciation) | ||||||||||||
Long Contracts | ||||||||||||||||
S&P 500 E-Mini Index | 749 | 12/16/22 | $ | 134,876 | $ | (14,362,862 | ) | |||||||||
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Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
| • | Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Master Portfolio has the ability to access; |
| • | Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); and |
| • | Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments). |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Master Portfolio’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
M A S T E R P O R T F O L I O S C H E D U L E O F I N V E S T M E N T S | 7 |
Schedule of Investments (unaudited) (continued) September 30, 2022 | S&P 500 Index Master Portfolio |
Fair Value Hierarchy as of Period End (continued)
The following table summarizes the Master Portfolio’s financial instruments categorized in the fair value hierarchy. The breakdown of the Master Portfolio’s financial instruments into major categories is disclosed in the Schedule of Investments above.
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Investments | ||||||||||||||||
Long-Term Investments | ||||||||||||||||
Common Stocks | ||||||||||||||||
Aerospace & Defense | $ | 440,110,055 | $ | — | $ | — | $ | 440,110,055 | ||||||||
Air Freight & Logistics | 160,216,142 | — | — | 160,216,142 | ||||||||||||
Airlines | 53,101,478 | — | — | 53,101,478 | ||||||||||||
Auto Components | 25,428,033 | — | — | 25,428,033 | ||||||||||||
Automobiles | 707,727,164 | — | — | 707,727,164 | ||||||||||||
Banks | 990,861,578 | — | — | 990,861,578 | ||||||||||||
Beverages | 501,143,355 | — | — | 501,143,355 | ||||||||||||
Biotechnology | 598,279,794 | — | — | 598,279,794 | ||||||||||||
Building Products | 115,251,061 | — | — | 115,251,061 | ||||||||||||
Capital Markets | 794,619,597 | — | — | 794,619,597 | ||||||||||||
Chemicals | 474,884,489 | — | — | 474,884,489 | ||||||||||||
Commercial Services & Supplies | 135,629,526 | — | — | 135,629,526 | ||||||||||||
Communications Equipment | 220,533,522 | — | — | 220,533,522 | ||||||||||||
Construction & Engineering | 16,343,373 | — | — | 16,343,373 | ||||||||||||
Construction Materials | 36,512,798 | — | — | 36,512,798 | ||||||||||||
Consumer Finance | 137,314,124 | — | — | 137,314,124 | ||||||||||||
Containers & Packaging | 71,934,505 | — | — | 71,934,505 | ||||||||||||
Distributors | 40,967,134 | — | — | 40,967,134 | ||||||||||||
Diversified Financial Services | 427,729,458 | — | — | 427,729,458 | ||||||||||||
Diversified Telecommunication Services | 244,766,752 | — | — | 244,766,752 | ||||||||||||
Electric Utilities | 542,985,536 | — | — | 542,985,536 | ||||||||||||
Electrical Equipment | 141,198,435 | — | — | 141,198,435 | ||||||||||||
Electronic Equipment, Instruments & Components | 168,809,030 | — | — | 168,809,030 | ||||||||||||
Energy Equipment & Services | 83,550,068 | — | — | 83,550,068 | ||||||||||||
Entertainment | 366,173,642 | — | — | 366,173,642 | ||||||||||||
Equity Real Estate Investment Trusts (REITs) | 728,542,473 | — | — | 728,542,473 | ||||||||||||
Food & Staples Retailing | 426,724,948 | — | — | 426,724,948 | ||||||||||||
Food Products | 305,142,415 | — | — | 305,142,415 | ||||||||||||
Gas Utilities | 12,593,752 | — | — | 12,593,752 | ||||||||||||
Health Care Equipment & Supplies | 718,378,485 | — | — | 718,378,485 | ||||||||||||
Health Care Providers & Services | 973,130,251 | — | — | 973,130,251 | ||||||||||||
Hotels, Restaurants & Leisure | 508,060,558 | — | — | 508,060,558 | ||||||||||||
Household Durables | 80,888,034 | — | — | 80,888,034 | ||||||||||||
Household Products | 382,950,824 | — | — | 382,950,824 | ||||||||||||
Independent Power and Renewable Electricity Producers | 13,260,075 | — | — | 13,260,075 | ||||||||||||
Industrial Conglomerates | 214,547,384 | — | — | 214,547,384 | ||||||||||||
Insurance | 592,089,333 | — | — | 592,089,333 | ||||||||||||
Interactive Media & Services | 1,279,483,035 | — | — | 1,279,483,035 | ||||||||||||
Internet & Direct Marketing Retail | 918,058,843 | — | — | 918,058,843 | ||||||||||||
IT Services | 1,170,916,948 | — | — | 1,170,916,948 | ||||||||||||
Leisure Products | 7,832,923 | — | — | 7,832,923 | ||||||||||||
Life Sciences Tools & Services | 507,636,942 | — | — | 507,636,942 | ||||||||||||
Machinery | 432,951,775 | — | — | 432,951,775 | ||||||||||||
Media | 195,307,216 | — | — | 195,307,216 | ||||||||||||
Metals & Mining | 89,436,013 | — | — | 89,436,013 | ||||||||||||
Multiline Retail | 134,990,324 | — | — | 134,990,324 | ||||||||||||
Multi-Utilities | 247,755,793 | — | — | 247,755,793 | ||||||||||||
Oil, Gas & Consumable Fuels | 1,143,573,650 | — | — | 1,143,573,650 | ||||||||||||
Personal Products | 44,372,416 | — | — | 44,372,416 | ||||||||||||
Pharmaceuticals | 1,240,071,549 | — | — | 1,240,071,549 | ||||||||||||
Professional Services | 106,444,274 | — | �� | — | 106,444,274 | |||||||||||
Real Estate Management & Development | 19,464,956 | — | — | 19,464,956 | ||||||||||||
Road & Rail | 234,801,179 | — | — | 234,801,179 | ||||||||||||
Semiconductors & Semiconductor Equipment | 1,288,177,439 | — | — | 1,288,177,439 | ||||||||||||
Software | 2,279,864,004 | 11,428,584 | — | 2,291,292,588 | ||||||||||||
Specialty Retail | 599,137,860 | — | — | 599,137,860 | ||||||||||||
Technology Hardware, Storage & Peripherals | 1,917,332,160 | — | — | 1,917,332,160 | ||||||||||||
| 8 |
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Schedule of Investments (unaudited) (continued) September 30, 2022 | S&P 500 Index Master Portfolio |
Fair Value Hierarchy as of Period End (continued)
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Common Stocks (continued) | ||||||||||||||||
Textiles, Apparel & Luxury Goods | $ | 111,712,151 | $ | — | $ | — | $ | 111,712,151 | ||||||||
Tobacco | 178,906,339 | — | — | 178,906,339 | ||||||||||||
Trading Companies & Distributors | 59,241,756 | — | — | 59,241,756 | ||||||||||||
Water Utilities | 21,011,729 | — | — | 21,011,729 | ||||||||||||
Wireless Telecommunication Services | 71,679,920 | — | — | 71,679,920 | ||||||||||||
Investment Companies | 317,714,048 | — | — | 317,714,048 | ||||||||||||
Short-Term Securities | ||||||||||||||||
Money Market Funds | 530,497,756 | — | — | 530,497,756 | ||||||||||||
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| $ | 27,600,752,179 | $ | 11,428,584 | $ | — | $ | 27,612,180,763 | |||||||||
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Derivative Financial Instruments(a) | ||||||||||||||||
Liabilities | ||||||||||||||||
Equity Contracts | $ | (14,362,862 | ) | $ | — | $ | — | $ | (14,362,862 | ) | ||||||
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| (a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
Portfolio Abbreviation
| ETF | Exchange-Traded Fund | |
| MSCI | Morgan Stanley Capital International | |
| S&P | Standard & Poor’s | |
M A S T E R P O R T F O L I O S C H E D U L E O F I N V E S T M E N T S | 9 |