Vanguard® Growth and Income Fund
Schedule of Investments (unaudited)
As of December 31, 2021
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 (97.9%) | |||
Communication Services (10.1%) | |||
* | Alphabet Inc. Class A | 117,527 | 340,480 |
* | Alphabet Inc. Class C | 114,991 | 332,737 |
* | Meta Platforms Inc. Class A | 872,276 | 293,390 |
Activision Blizzard Inc. | 1,048,242 | 69,740 | |
Verizon Communications Inc. | 1,284,085 | 66,721 | |
AT&T Inc. | 2,684,945 | 66,050 | |
* | Netflix Inc. | 106,223 | 63,993 |
Comcast Corp. Class A | 1,078,624 | 54,287 | |
* | Walt Disney Co. | 122,904 | 19,037 |
News Corp. Class A | 754,434 | 16,831 | |
Interpublic Group of Cos. Inc. | 402,334 | 15,067 | |
* | Take-Two Interactive Software Inc. | 81,194 | 14,430 |
News Corp. Class B | 582,003 | 13,095 | |
Lumen Technologies Inc. | 1,042,134 | 13,079 | |
Omnicom Group Inc. | 134,644 | 9,865 | |
Electronic Arts Inc. | 70,500 | 9,299 | |
* | Twitter Inc. | 180,900 | 7,818 |
Fox Corp. Class B | 158,831 | 5,443 | |
* | Pinterest Inc. Class A | 97,400 | 3,540 |
Fox Corp. Class A | 77,055 | 2,843 | |
* | Yelp Inc. Class A | 77,600 | 2,812 |
* | Charter Communications Inc. Class A | 3,900 | 2,543 |
* | Snap Inc. Class A | 42,940 | 2,019 |
* | DISH Network Corp. Class A | 61,054 | 1,981 |
* | Gogo Inc. | 113,356 | 1,534 |
* | Frontier Communications Parent Inc. | 47,629 | 1,405 |
* | Liberty Global plc Class C | 31,400 | 882 |
* | Liberty Media Corp.- Liberty SiriusXM Class C | 7,900 | 402 |
New York Times Co. Class A | 6,900 | 333 | |
* | Iridium Communications Inc. | 6,000 | 248 |
* | Liberty Media Corp.- Liberty SiriusXM Class A | 4,400 | 224 |
* | Cars.com Inc. | 9,600 | 154 |
* | IAC/InterActiveCorp. | 1,100 | 144 |
* | AMC Networks Inc. Class A | 3,100 | 107 |
* | Travelzoo | 10,400 | 98 |
* | WideOpenWest Inc. | 3,000 | 65 |
* | QuinStreet Inc. | 3,000 | 55 |
* | Loyalty Ventures Inc. | 1,600 | 48 |
Spok Holdings Inc. | 5,001 | 47 | |
* | Endeavor Group Holdings Inc. Class A | 1,300 | 45 |
* | Hemisphere Media Group Inc. Class A | 5,660 | 41 |
Entravision Communications Corp. Class A | 3,600 | 24 |
Shares | Market Value ($000) | ||
* | Sciplay Corp. Class A | 1,500 | 21 |
* | Urban One Inc. | 5,947 | 20 |
* | Anterix Inc. | 99 | 6 |
* | EverQuote Inc. Class A | 400 | 6 |
Scholastic Corp. | 100 | 4 | |
* | US Cellular Corp. | 99 | 3 |
* | Yandex NV Class A | 47 | 3 |
* | Consolidated Communications Holdings Inc. | 300 | 2 |
* | DHI Group Inc. | 302 | 2 |
* | Lions Gate Entertainment Corp. Class B | 100 | 2 |
* | T-Mobile US Inc. | 20 | 2 |
TEGNA Inc. | 99 | 2 | |
* | Zynga Inc. Class A | 300 | 2 |
* | Stagwell Inc. | 200 | 2 |
* | Clear Channel Outdoor Holdings Inc. | 300 | 1 |
National CineMedia Inc. | 300 | 1 | |
Sinclair Broadcast Group Inc. Class A | 50 | 1 | |
* | TrueCar Inc. | 300 | 1 |
* | Angi Inc. Class A | 100 | 1 |
* | Gannett Co. Inc. | 208 | 1 |
Manchester United plc Class A | 40 | 1 | |
* | Vimeo Inc. | 34 | 1 |
* | Fluent Inc. | 99 | — |
* | Liberty TripAdvisor Holdings Inc. Class A | 100 | — |
* | Eros STX Global Corp. | 200 | — |
* | Emerald Holding Inc. | 11 | — |
* | Magnite Inc. | 26 | — |
* | Liberty Latin America Ltd. Class A | 29 | — |
1,433,041 | |||
Consumer Discretionary (14.0%) | |||
* | Amazon.com Inc. | 133,819 | 446,198 |
* | Tesla Inc. | 314,164 | 332,002 |
Lowe's Cos. Inc. | 471,845 | 121,963 | |
Home Depot Inc. | 258,925 | 107,456 | |
McDonald's Corp. | 396,829 | 106,378 | |
Target Corp. | 320,903 | 74,270 | |
Ford Motor Co. | 3,412,643 | 70,881 | |
Bath & Body Works Inc. | 749,634 | 52,317 | |
* | Booking Holdings Inc. | 19,284 | 46,267 |
Yum! Brands Inc. | 332,220 | 46,132 | |
TJX Cos. Inc. | 587,854 | 44,630 | |
Starbucks Corp. | 342,644 | 40,079 | |
LKQ Corp. | 609,058 | 36,562 | |
Tapestry Inc. | 763,967 | 31,017 | |
Domino's Pizza Inc. | 53,333 | 30,097 | |
* | AutoZone Inc. | 12,799 | 26,832 |
NIKE Inc. Class B | 155,416 | 25,903 | |
* | Ulta Beauty Inc. | 59,787 | 24,653 |
PulteGroup Inc. | 421,656 | 24,102 | |
Best Buy Co. Inc. | 204,471 | 20,774 | |
H&R Block Inc. | 865,960 | 20,402 | |
Lennar Corp. Class A | 171,635 | 19,937 | |
* | O'Reilly Automotive Inc. | 26,580 | 18,772 |
PVH Corp. | 156,922 | 16,736 | |
Dollar General Corp. | 65,880 | 15,536 | |
Pool Corp. | 24,530 | 13,884 | |
eBay Inc. | 202,262 | 13,450 | |
Advance Auto Parts Inc. | 51,390 | 12,327 |
Shares | Market Value ($000) | ||
DR Horton Inc. | 110,312 | 11,963 | |
* | Victoria's Secret & Co. | 194,692 | 10,813 |
* | Las Vegas Sands Corp. | 273,100 | 10,280 |
* | NVR Inc. | 1,507 | 8,905 |
* | Marriott International Inc. Class A | 39,800 | 6,577 |
* | Under Armour Inc. Class C | 299,016 | 5,394 |
Darden Restaurants Inc. | 35,151 | 5,295 | |
* | Under Armour Inc. Class A | 209,900 | 4,448 |
* | General Motors Co. | 73,782 | 4,326 |
Ross Stores Inc. | 32,742 | 3,742 | |
Genuine Parts Co. | 26,600 | 3,729 | |
Signet Jewelers Ltd. | 40,500 | 3,525 | |
* | GoPro Inc. Class A | 325,273 | 3,354 |
Harley-Davidson Inc. | 87,200 | 3,287 | |
Camping World Holdings Inc. Class A | 80,700 | 3,260 | |
Travel + Leisure Co. | 57,000 | 3,150 | |
* | Hilton Worldwide Holdings Inc. | 19,900 | 3,104 |
Gentex Corp. | 87,300 | 3,042 | |
* | Mohawk Industries Inc. | 13,891 | 2,531 |
* | Expedia Group Inc. | 14,000 | 2,530 |
Macy's Inc. | 94,000 | 2,461 | |
* | Etsy Inc. | 10,662 | 2,334 |
Whirlpool Corp. | 9,900 | 2,323 | |
Garmin Ltd. | 16,800 | 2,288 | |
Magna International Inc. | 28,100 | 2,274 | |
* | MercadoLibre Inc. | 1,600 | 2,157 |
Newell Brands Inc. | 81,700 | 1,784 | |
Kohl's Corp. | 34,000 | 1,679 | |
Hanesbrands Inc. | 94,200 | 1,575 | |
* | Chegg Inc. | 46,400 | 1,424 |
* | Academy Sports & Outdoors Inc. | 31,600 | 1,387 |
Tractor Supply Co. | 5,700 | 1,360 | |
* | Penn National Gaming Inc. | 24,480 | 1,269 |
Qurate Retail Inc. Series A | 120,700 | 917 | |
* | Sonos Inc. | 28,400 | 846 |
Papa John's International Inc. | 5,700 | 761 | |
Churchill Downs Inc. | 2,700 | 650 | |
* | Terminix Global Holdings Inc. | 13,900 | 629 |
Service Corp. International | 8,700 | 618 | |
Kontoor Brands Inc. | 11,931 | 611 | |
* | Overstock.com Inc. | 10,000 | 590 |
Dick's Sporting Goods Inc. | 5,000 | 575 | |
* | AutoNation Inc. | 4,900 | 573 |
* | Chipotle Mexican Grill Inc. Class A | 300 | 524 |
Penske Automotive Group Inc. | 4,800 | 515 | |
Williams-Sonoma Inc. | 2,809 | 475 | |
Acushnet Holdings Corp. | 8,901 | 472 | |
* | Abercrombie & Fitch Co. Class A | 13,300 | 463 |
* | Revolve Group Inc. | 8,100 | 454 |
* | Sleep Number Corp. | 5,800 | 444 |
* | Hayward Holdings Inc. | 16,300 | 428 |
Winnebago Industries Inc. | 5,500 | 412 | |
* | frontdoor Inc. | 11,000 | 403 |
* | Vista Outdoor Inc. | 8,359 | 385 |
Levi Strauss & Co. Class A | 14,400 | 360 | |
Gap Inc. | 17,700 | 312 | |
* | Canada Goose Holdings Inc. | 8,300 | 308 |
Sonic Automotive Inc. Class A | 6,100 | 302 |
Shares | Market Value ($000) | ||
Columbia Sportswear Co. | 2,900 | 283 | |
Hibbett Inc. | 3,900 | 281 | |
* | Aptiv plc | 1,530 | 252 |
* | Adient plc | 5,200 | 249 |
Shutterstock Inc. | 2,100 | 233 | |
Choice Hotels International Inc. | 1,342 | 209 | |
* | Wayfair Inc. Class A | 1,100 | 209 |
* | Accel Entertainment Inc. Class A | 15,300 | 199 |
* | YETI Holdings Inc. | 2,300 | 191 |
Red Rock Resorts Inc. Class A | 3,000 | 165 | |
* | SeaWorld Entertainment Inc. | 2,400 | 156 |
* | Lumber Liquidators Holdings Inc. | 8,600 | 147 |
* | Rivian Automotive Inc. Class A | 1,400 | 145 |
* | Hilton Grand Vacations Inc. | 2,679 | 140 |
* | Fossil Group Inc. | 12,700 | 131 |
Leggett & Platt Inc. | 3,000 | 123 | |
Jack in the Box Inc. | 1,336 | 117 | |
* | Sportsman's Warehouse Holdings Inc. | 9,100 | 107 |
* | Tupperware Brands Corp. | 6,900 | 106 |
Sturm Ruger & Co. Inc. | 1,400 | 95 | |
Laureate Education Inc. Class A | 7,200 | 88 | |
Thor Industries Inc. | 800 | 83 | |
Brunswick Corp. | 800 | 81 | |
* | Tenneco Inc. Class A | 7,020 | 79 |
* | Farfetch Ltd. Class A | 2,000 | 67 |
* | American Outdoor Brands Inc. | 3,071 | 61 |
* | Neogames SA | 2,088 | 58 |
* | Citi Trends Inc. | 500 | 47 |
* | Party City Holdco Inc. | 8,000 | 45 |
* | iRobot Corp. | 600 | 40 |
* | Stride Inc. | 1,200 | 40 |
* | Perdoceo Education Corp. | 3,300 | 39 |
* | Lindblad Expeditions Holdings Inc. | 2,400 | 37 |
* | Modine Manufacturing Co. | 3,500 | 35 |
Hamilton Beach Brands Holding Co. Class A | 2,057 | 30 | |
* | Arcos Dorados Holdings Inc. Class A | 4,497 | 26 |
* | Universal Electronics Inc. | 600 | 24 |
Polaris Inc. | 200 | 22 | |
* | Quotient Technology Inc. | 2,900 | 22 |
* | Duluth Holdings Inc. Class B | 1,402 | 21 |
* | Conn's Inc. | 800 | 19 |
Johnson Outdoors Inc. Class A | 200 | 19 | |
Graham Holdings Co. Class B | 28 | 18 | |
PetMed Express Inc. | 700 | 18 | |
* | Superior Industries International Inc. | 3,803 | 17 |
* | Full House Resorts Inc. | 1,400 | 17 |
* | Just Eat Takeaway.com NV ADR | 1,300 | 14 |
* | Bright Horizons Family Solutions Inc. | 100 | 13 |
* | Sally Beauty Holdings Inc. | 700 | 13 |
* | Cavco Industries Inc. | 38 | 12 |
* | OneSpaWorld Holdings Ltd. | 1,100 | 11 |
International Game Technology plc | 193 | 6 | |
* | Inspired Entertainment Inc. | 401 | 5 |
* | Royal Caribbean Cruises Ltd. | 54 | 4 |
* | Biglari Holdings Inc. Class B | 20 | 3 |
* | Designer Brands Inc. Class A | 196 | 3 |
* | Master Craft Boat Holdings Inc. | 100 | 3 |
* | ODP Corp. | 75 | 3 |
Shares | Market Value ($000) | ||
* | Veoneer Inc. | 98 | 3 |
* | Poshmark Inc. Class A | 170 | 3 |
Cato Corp. Class A | 127 | 2 | |
Smith & Wesson Brands Inc. | 100 | 2 | |
* | Greenlane Holdings Inc. Class A | 1,600 | 2 |
* | Bluegreen Vacations Holding Class A | 60 | 2 |
* | Mister Car Wash Inc. | 100 | 2 |
* | Adtalem Global Education Inc. | 39 | 1 |
* | Barnes & Noble Education Inc. | 178 | 1 |
Carrols Restaurant Group Inc. | 229 | 1 | |
Clarus Corp. | 31 | 1 | |
* | Container Store Group Inc. | 100 | 1 |
Del Taco Restaurants Inc. | 100 | 1 | |
* | El Pollo Loco Holdings Inc. | 93 | 1 |
* | Express Inc. | 200 | 1 |
* | Mattel Inc. | 44 | 1 |
* | Noodles & Co. Class A | 100 | 1 |
* | Regis Corp. | 300 | 1 |
* | Target Hospitality Corp. | 388 | 1 |
* | Urban Outfitters Inc. | 39 | 1 |
* | Vera Bradley Inc. | 100 | 1 |
Bassett Furniture Industries Inc. | 71 | 1 | |
* | J Jill Inc. | 40 | 1 |
* | Despegar.com Corp. | 99 | 1 |
* | Yatra Online Inc. | 400 | 1 |
* | Vizio Holding Corp. Class A | 38 | 1 |
* | JAKKS Pacific Inc. | 100 | 1 |
* | American Axle & Manufacturing Holdings Inc. | 10 | — |
* | American Public Education Inc. | 2 | — |
Big 5 Sporting Goods Corp. | 16 | — | |
Guess? Inc. | 3 | — | |
* | Visteon Corp. | 4 | — |
* | Kandi Technologies Group Inc. | 34 | — |
1,984,871 | |||
Consumer Staples (5.5%) | |||
Costco Wholesale Corp. | 227,317 | 129,048 | |
Walmart Inc. | 650,128 | 94,067 | |
Coca-Cola Co. | 1,548,340 | 91,677 | |
Procter & Gamble Co. | 486,290 | 79,547 | |
Philip Morris International Inc. | 549,407 | 52,194 | |
Altria Group Inc. | 954,965 | 45,256 | |
Colgate-Palmolive Co. | 524,592 | 44,769 | |
Tyson Foods Inc. Class A | 490,205 | 42,726 | |
Estee Lauder Cos. Inc. Class A | 101,762 | 37,672 | |
Archer-Daniels-Midland Co. | 412,878 | 27,906 | |
PepsiCo Inc. | 121,836 | 21,164 | |
* | Monster Beverage Corp. | 164,600 | 15,808 |
Hershey Co. | 80,865 | 15,645 | |
General Mills Inc. | 190,468 | 12,834 | |
Kroger Co. | 273,669 | 12,386 | |
Kraft Heinz Co. | 237,240 | 8,517 | |
Sysco Corp. | 90,760 | 7,129 | |
Keurig Dr Pepper Inc. | 166,600 | 6,141 | |
Constellation Brands Inc. Class A | 21,694 | 5,445 | |
Kellogg Co. | 65,600 | 4,226 | |
Molson Coors Beverage Co. Class B | 79,600 | 3,690 | |
J M Smucker Co. | 26,200 | 3,559 | |
Brown-Forman Corp. Class B | 47,000 | 3,424 |
Shares | Market Value ($000) | ||
Hormel Foods Corp. | 54,300 | 2,650 | |
Campbell Soup Co. | 48,000 | 2,086 | |
1 | Albertsons Cos. Inc. Class A | 68,600 | 2,071 |
Conagra Brands Inc. | 53,600 | 1,831 | |
Mondelez International Inc. Class A | 25,954 | 1,721 | |
Flowers Foods Inc. | 56,800 | 1,560 | |
* | BJ's Wholesale Club Holdings Inc. | 21,700 | 1,453 |
* | Pilgrim's Pride Corp. | 39,300 | 1,108 |
McCormick & Co. Inc. | 5,000 | 483 | |
Clorox Co. | 2,400 | 419 | |
* | Nomad Foods Ltd. | 15,800 | 401 |
* | United Natural Foods Inc. | 6,800 | 334 |
* | USANA Health Sciences Inc. | 3,250 | 329 |
National Beverage Corp. | 4,400 | 200 | |
* | Grocery Outlet Holding Corp. | 3,400 | 96 |
Lamb Weston Holdings Inc. | 1,400 | 89 | |
* | SunOpta Inc. | 9,200 | 64 |
Coca-Cola Consolidated Inc. | 100 | 62 | |
Nature's Sunshine Products Inc. | 2,310 | 43 | |
Calavo Growers Inc. | 600 | 26 | |
* | Adecoagro SA | 3,300 | 25 |
* | Lifevantage Corp. | 3,204 | 20 |
SpartanNash Co. | 700 | 18 | |
Vector Group Ltd. | 1,217 | 14 | |
* | Veru Inc. | 1,700 | 10 |
* | Hostess Brands Inc. Class A | 171 | 4 |
Seaboard Corp. | 1 | 4 | |
* | Zevia PBC Class A | 600 | 4 |
* | Simply Good Foods Co. | 79 | 3 |
* | BellRing Brands Inc. Class A | 100 | 3 |
PriceSmart Inc. | 28 | 2 | |
* | Herbalife Nutrition Ltd. | 45 | 2 |
* | Blue Apron Holdings Inc. Class A | 200 | 1 |
* | Coty Inc. Class A | 100 | 1 |
Natural Grocers by Vitamin Cottage Inc. | 100 | 1 | |
Cal-Maine Foods Inc. | 9 | — | |
781,968 | |||
Energy (2.8%) | |||
Exxon Mobil Corp. | 1,717,226 | 105,077 | |
Chevron Corp. | 444,281 | 52,136 | |
EOG Resources Inc. | 553,609 | 49,177 | |
Schlumberger NV | 1,047,680 | 31,378 | |
APA Corp. | 1,112,404 | 29,913 | |
Halliburton Co. | 1,047,275 | 23,951 | |
ConocoPhillips | 279,010 | 20,139 | |
Coterra Energy Inc. | 1,052,256 | 19,993 | |
Kinder Morgan Inc. | 960,560 | 15,235 | |
Marathon Petroleum Corp. | 199,810 | 12,786 | |
Occidental Petroleum Corp. | 256,589 | 7,439 | |
Hess Corp. | 84,394 | 6,248 | |
Diamondback Energy Inc. | 52,695 | 5,683 | |
ONEOK Inc. | 74,520 | 4,379 | |
Marathon Oil Corp. | 252,709 | 4,150 | |
Pioneer Natural Resources Co. | 21,700 | 3,947 | |
Williams Cos. Inc. | 70,900 | 1,846 | |
Ovintiv Inc. (XNYS) | 46,400 | 1,564 | |
HollyFrontier Corp. | 39,200 | 1,285 | |
Cheniere Energy Inc. | 12,500 | 1,268 |
Shares | Market Value ($000) | ||
Valero Energy Corp. | 14,730 | 1,106 | |
* | Green Plains Inc. | 23,700 | 824 |
Continental Resources Inc. | 16,900 | 756 | |
Texas Pacific Land Corp. | 513 | 641 | |
* | EQT Corp. | 27,900 | 609 |
Targa Resources Corp. | 7,077 | 370 | |
* | CNX Resources Corp. | 21,400 | 294 |
* | Southwestern Energy Co. | 62,300 | 290 |
Arch Resources Inc. | 2,400 | 219 | |
* | Antero Resources Corp. | 9,600 | 168 |
* | Transocean Ltd. (XNYS) | 56,893 | 157 |
* | Range Resources Corp. | 8,500 | 152 |
Oasis Petroleum Inc. | 1,200 | 151 | |
Geopark Ltd. | 12,000 | 137 | |
* | Denbury Inc. | 1,400 | 107 |
Antero Midstream Corp. | 5,500 | 53 | |
Equitrans Midstream Corp. | 5,100 | 53 | |
* | Alto Ingredients Inc. | 10,700 | 51 |
* | Noble Corp. | 1,152 | 29 |
Civitas Resources Inc. | 600 | 29 | |
* | Teekay Corp. | 6,400 | 20 |
Baker Hughes Co. Class A | 800 | 19 | |
* | Callon Petroleum Co. | 300 | 14 |
California Resources Corp. | 300 | 13 | |
* | Centrus Energy Corp. Class A | 200 | 10 |
Solaris Oilfield Infrastructure Inc. Class A | 1,382 | 9 | |
NACCO Industries Inc. Class A | 211 | 8 | |
* | SilverBow Resources Inc. | 300 | 7 |
* | Navigator Holdings Ltd. | 600 | 5 |
Chesapeake Energy Corp. | 74 | 5 | |
* | Oceaneering International Inc. | 300 | 3 |
* | Renewable Energy Group Inc. | 74 | 3 |
Brigham Minerals Inc. Class A | 95 | 2 | |
* | CONSOL Energy Inc. | 100 | 2 |
* | Par Pacific Holdings Inc. | 108 | 2 |
Phillips 66 | 32 | 2 | |
International Seaways Inc. | 108 | 2 | |
SFL Corp. Ltd. | 200 | 2 | |
* | Amplify Energy Corp. | 300 | 1 |
Archrock Inc. | 100 | 1 | |
* | Centennial Resource Development Inc. Class A | 200 | 1 |
* | Energy Fuels Inc. | 100 | 1 |
Evolution Petroleum Corp. | 100 | 1 | |
* | Natural Gas Services Group Inc. | 100 | 1 |
* | Overseas Shipholding Group Inc. Class A | 400 | 1 |
* | PBF Energy Inc. Class A | 100 | 1 |
Patterson-UTI Energy Inc. | 100 | 1 | |
* | Peabody Energy Corp. | 100 | 1 |
* | ProPetro Holding Corp. | 100 | 1 |
SM Energy Co. | 20 | 1 | |
* | SandRidge Energy Inc. | 100 | 1 |
* | Talos Energy Inc. | 100 | 1 |
* | Tellurian Inc. | 400 | 1 |
* | TETRA Technologies Inc. | 400 | 1 |
* | Frontline Ltd. | 100 | 1 |
Dorian LPG Ltd. | 100 | 1 | |
Plains GP Holdings LP Class A | 100 | 1 | |
Cenovus Energy Inc. | 100 | 1 |
Shares | Market Value ($000) | ||
* | Golar LNG Ltd. | 100 | 1 |
Northern Oil and Gas Inc. | 40 | 1 | |
* | FTS International Inc. Class A | 23 | 1 |
NOV Inc. | 100 | 1 | |
* | Exterran Corp. | 79 | — |
* | Helix Energy Solutions Group Inc. | 146 | — |
Helmerich & Payne Inc. | 4 | — | |
* | Newpark Resources Inc. | 137 | — |
* | RPC Inc. | 100 | — |
Nordic American Tankers Ltd. | 100 | — | |
* | Kosmos Energy Ltd. | 100 | — |
* | NexTier Oilfield Solutions Inc. | 95 | — |
* | Independence Contract Drilling Inc. | 100 | — |
* | FTS International Inc. Warrants Exp. 11/19/23 | 28 | — |
* | FTS International Inc. Warrants Exp. 11/19/23 (XASE) | 70 | — |
* | Expro Group Holdings NV | 16 | — |
403,942 | |||
Financials (10.3%) | |||
* | Berkshire Hathaway Inc. Class B | 643,915 | 192,531 |
JPMorgan Chase & Co. | 930,336 | 147,319 | |
Bank of America Corp. | 2,976,371 | 132,419 | |
Goldman Sachs Group Inc. | 151,529 | 57,967 | |
Capital One Financial Corp. | 397,165 | 57,625 | |
Wells Fargo & Co. | 1,131,878 | 54,308 | |
Synchrony Financial | 1,151,047 | 53,397 | |
Citigroup Inc. | 711,635 | 42,976 | |
Intercontinental Exchange Inc. | 306,073 | 41,862 | |
Discover Financial Services | 324,185 | 37,463 | |
Everest Re Group Ltd. | 122,247 | 33,486 | |
US Bancorp | 577,802 | 32,455 | |
Cboe Global Markets Inc. | 243,357 | 31,734 | |
S&P Global Inc. | 64,420 | 30,402 | |
Regions Financial Corp. | 1,261,493 | 27,501 | |
Truist Financial Corp. | 427,040 | 25,003 | |
American Express Co. | 152,599 | 24,965 | |
Comerica Inc. | 268,345 | 23,346 | |
Bank of New York Mellon Corp. | 376,100 | 21,844 | |
Morgan Stanley | 218,514 | 21,449 | |
Raymond James Financial Inc. | 210,467 | 21,131 | |
W R Berkley Corp. | 245,310 | 20,211 | |
Marsh & McLennan Cos. Inc. | 114,635 | 19,926 | |
Hartford Financial Services Group Inc. | 272,462 | 18,811 | |
Allstate Corp. | 157,412 | 18,520 | |
M&T Bank Corp. | 104,390 | 16,032 | |
Invesco Ltd. | 670,226 | 15,429 | |
PNC Financial Services Group Inc. | 70,500 | 14,137 | |
BlackRock Inc. | 15,120 | 13,843 | |
MetLife Inc. | 209,719 | 13,105 | |
Unum Group | 528,875 | 12,994 | |
Loews Corp. | 208,651 | 12,052 | |
Moody's Corp. | 29,431 | 11,495 | |
Chubb Ltd. | 56,539 | 10,930 | |
First Republic Bank | 51,811 | 10,699 | |
KeyCorp. | 443,957 | 10,269 | |
Ameriprise Financial Inc. | 32,902 | 9,925 | |
Affiliated Managers Group Inc. | 50,110 | 8,244 | |
Ally Financial Inc. | 170,200 | 8,103 | |
Travelers Cos. Inc. | 49,930 | 7,811 |
Shares | Market Value ($000) | ||
Blackstone Inc. | 59,691 | 7,723 | |
Citizens Financial Group Inc. | 135,030 | 6,380 | |
T Rowe Price Group Inc. | 29,810 | 5,862 | |
Zions Bancorp NA | 89,010 | 5,622 | |
Cincinnati Financial Corp. | 47,723 | 5,437 | |
Charles Schwab Corp. | 59,635 | 5,015 | |
Interactive Brokers Group Inc. Class A | 57,100 | 4,535 | |
CME Group Inc. | 16,281 | 3,720 | |
Prudential Financial Inc. | 34,000 | 3,680 | |
Globe Life Inc. | 38,015 | 3,563 | |
Arthur J Gallagher & Co. | 20,901 | 3,546 | |
State Street Corp. | 36,399 | 3,385 | |
Huntington Bancshares Inc. | 217,330 | 3,351 | |
Lincoln National Corp. | 49,090 | 3,351 | |
American International Group Inc. | 58,900 | 3,349 | |
Progressive Corp. | 26,308 | 2,701 | |
Franklin Resources Inc. | 80,250 | 2,688 | |
Aflac Inc. | 37,900 | 2,213 | |
OneMain Holdings Inc. | 44,101 | 2,207 | |
Principal Financial Group Inc. | 28,982 | 2,096 | |
First American Financial Corp. | 25,911 | 2,027 | |
* | Credit Acceptance Corp. | 2,100 | 1,444 |
Popular Inc. | 16,100 | 1,321 | |
Owl Rock Capital Corp. | 92,200 | 1,306 | |
* | Encore Capital Group Inc. | 18,902 | 1,174 |
SLM Corp. | 52,200 | 1,027 | |
Willis Towers Watson plc | 4,000 | 950 | |
Sixth Street Specialty Lending Inc. | 33,300 | 779 | |
Bank of NT Butterfield & Son Ltd. | 19,300 | 736 | |
Prospect Capital Corp. | 84,200 | 708 | |
Navient Corp. | 32,100 | 681 | |
Chimera Investment Corp. | 44,200 | 667 | |
Jackson Financial Inc. Class A | 15,900 | 665 | |
* | Green Dot Corp. Class A | 12,600 | 457 |
Central Pacific Financial Corp. | 14,992 | 422 | |
Radian Group Inc. | 18,400 | 389 | |
Fifth Third Bancorp | 8,900 | 388 | |
* | World Acceptance Corp. | 1,526 | 375 |
Golub Capital BDC Inc. | 24,000 | 371 | |
Flagstar Bancorp Inc. | 7,580 | 363 | |
* | PRA Group Inc. | 7,236 | 363 |
MGIC Investment Corp. | 24,600 | 355 | |
* | Brighthouse Financial Inc. | 6,100 | 316 |
Banner Corp. | 5,180 | 314 | |
Washington Federal Inc. | 8,665 | 289 | |
Solar Capital Ltd. | 15,089 | 278 | |
* | Blucora Inc. | 15,656 | 271 |
* | Donnelley Financial Solutions Inc. | 5,500 | 259 |
Apollo Investment Corp. | 19,900 | 255 | |
Janus Henderson Group plc | 5,800 | 243 | |
Reinsurance Group of America Inc. | 2,100 | 230 | |
KKR & Co. Inc. | 3,000 | 224 | |
Jefferies Financial Group Inc. | 5,300 | 206 | |
* | PROG Holdings Inc. | 4,394 | 198 |
Hanmi Financial Corp. | 7,731 | 183 | |
TCG BDC Inc. | 12,900 | 177 | |
* | Enova International Inc. | 4,200 | 172 |
Peapack-Gladstone Financial Corp. | 4,660 | 165 |
Shares | Market Value ($000) | ||
BGC Partners Inc. Class A | 34,139 | 159 | |
International Bancshares Corp. | 3,700 | 157 | |
BlackRock TCP Capital Corp. | 10,200 | 138 | |
* | Ocwen Financial Corp. | 3,400 | 136 |
* | SiriusPoint Ltd. | 15,899 | 129 |
Valley National Bancorp | 9,100 | 125 | |
TPG RE Finance Trust Inc. | 9,900 | 122 | |
People's United Financial Inc. | 6,600 | 118 | |
Virtu Financial Inc. Class A | 3,600 | 104 | |
Kearny Financial Corp. | 6,905 | 91 | |
Horizon Bancorp Inc. | 4,320 | 90 | |
New Mountain Finance Corp. | 6,500 | 89 | |
HomeTrust Bancshares Inc. | 2,795 | 87 | |
American Equity Investment Life Holding Co. | 2,167 | 84 | |
* | Mr Cooper Group Inc. | 2,000 | 83 |
Essent Group Ltd. | 1,800 | 82 | |
* | TriState Capital Holdings Inc. | 2,600 | 79 |
First Financial Bancorp | 3,100 | 76 | |
United Community Banks Inc. | 2,100 | 75 | |
Westamerica BanCorp. | 1,200 | 69 | |
First Hawaiian Inc. | 2,500 | 68 | |
* | Genworth Financial Inc. Class A | 16,115 | 65 |
CBTX Inc. | 2,120 | 61 | |
HomeStreet Inc. | 1,100 | 57 | |
Arbor Realty Trust Inc. | 3,000 | 55 | |
Universal Insurance Holdings Inc. | 3,208 | 55 | |
Barings BDC Inc. | 4,500 | 50 | |
NBT Bancorp Inc. | 1,200 | 46 | |
Independent Bank Corp. | 1,900 | 45 | |
Tiptree Inc. | 3,172 | 44 | |
TriplePoint Venture Growth BDC Corp. | 2,393 | 43 | |
Apollo Commercial Real Estate Finance Inc. | 3,200 | 42 | |
American Financial Group Inc. | 300 | 41 | |
PCSB Financial Corp. | 2,167 | 41 | |
First Internet Bancorp | 801 | 38 | |
CVB Financial Corp. | 1,677 | 36 | |
Burford Capital Ltd. | 3,400 | 36 | |
PacWest Bancorp | 700 | 32 | |
Sierra Bancorp | 1,190 | 32 | |
* | Ryan Specialty Group Holdings Inc. Class A | 800 | 32 |
First Community Bankshares Inc. | 888 | 30 | |
Heritage Commerce Corp. | 2,491 | 30 | |
* | Elevate Credit Inc. | 9,835 | 29 |
Fulton Financial Corp. | 1,700 | 29 | |
Old National Bancorp | 1,600 | 29 | |
Evercore Inc. Class A | 200 | 27 | |
First Midwest Bancorp Inc. | 1,300 | 27 | |
BlackRock Capital Investment Corp. | 6,600 | 26 | |
East West Bancorp Inc. | 300 | 24 | |
Northfield Bancorp Inc. | 1,502 | 24 | |
Bank OZK | 500 | 23 | |
Park National Corp. | 170 | 23 | |
Community Trust Bancorp Inc. | 498 | 22 | |
Home BancShares Inc. | 900 | 22 | |
Lakeland Bancorp Inc. | 1,184 | 22 | |
Greenhill & Co. Inc. | 1,076 | 19 | |
Heritage Insurance Holdings Inc. | 3,172 | 19 | |
TriCo Bancshares | 453 | 19 |
Shares | Market Value ($000) | ||
AMERISAFE Inc. | 310 | 17 | |
Berkshire Hills Bancorp Inc. | 600 | 17 | |
Great Southern Bancorp Inc. | 271 | 16 | |
Independent Bank Corp. (XNGS) | 200 | 16 | |
HBT Financial Inc. | 880 | 16 | |
TrustCo Bank Corp. NY | 380 | 13 | |
Intercorp Financial Services Inc. | 500 | 13 | |
Granite Point Mortgage Trust Inc. | 600 | 7 | |
Preferred Bank | 100 | 7 | |
Equitable Holdings Inc. | 200 | 7 | |
Stifel Financial Corp. | 85 | 6 | |
Tompkins Financial Corp. | 74 | 6 | |
Primis Financial Corp. | 377 | 6 | |
Byline Bancorp Inc. | 200 | 5 | |
State Auto Financial Corp. | 98 | 5 | |
Wintrust Financial Corp. | 52 | 5 | |
Banc of California Inc. | 200 | 4 | |
City Holding Co. | 45 | 4 | |
Cowen Inc. Class A | 100 | 4 | |
First Financial Corp. | 91 | 4 | |
Luther Burbank Corp. | 300 | 4 | |
Nelnet Inc. Class A | 38 | 4 | |
Stock Yards Bancorp Inc. | 55 | 4 | |
Allegiance Bancshares Inc. | 60 | 3 | |
Assurant Inc. | 22 | 3 | |
ConnectOne Bancorp Inc. | 82 | 3 | |
Curo Group Holdings Corp. | 199 | 3 | |
First Financial Northwest Inc. | 172 | 3 | |
Great Western Bancorp Inc. | 91 | 3 | |
Home Bancorp Inc. | 76 | 3 | |
Kemper Corp. | 51 | 3 | |
* | LendingTree Inc. | 25 | 3 |
* | GoHealth Inc. Class A | 811 | 3 |
* | Ambac Financial Group Inc. | 100 | 2 |
Ares Commercial Real Estate Corp. | 111 | 2 | |
Camden National Corp. | 46 | 2 | |
Capitol Federal Financial Inc. | 198 | 2 | |
Civista Bancshares Inc. | 86 | 2 | |
Cohen & Steers Inc. | 26 | 2 | |
* | Columbia Financial Inc. | 100 | 2 |
Employers Holdings Inc. | 48 | 2 | |
Financial Institutions Inc. | 68 | 2 | |
Great Ajax Corp. | 188 | 2 | |
Investors Bancorp Inc. | 100 | 2 | |
* | MBIA Inc. | 120 | 2 |
OFG Bancorp | 58 | 2 | |
SEI Investments Co. | 30 | 2 | |
ServisFirst Bancshares Inc. | 20 | 2 | |
Trustmark Corp. | 66 | 2 | |
WesBanco Inc. | 57 | 2 | |
WisdomTree Investments Inc. | 385 | 2 | |
Sculptor Capital Management Inc. Class A | 99 | 2 | |
UBS Group AG (Registered) | 100 | 2 | |
Gladstone Investment Corp. | 100 | 2 | |
Horizon Technology Finance Corp. | 100 | 2 | |
PennantPark Investment Corp. | 220 | 2 | |
Saratoga Investment Corp. | 64 | 2 | |
AFC Gamma Inc. | 99 | 2 |
Shares | Market Value ($000) | ||
Amalgamated Financial Corp. | 124 | 2 | |
Patria Investments Ltd. Class A | 94 | 2 | |
Cadence Bank | 83 | 2 | |
Annaly Capital Management Inc. | 100 | 1 | |
ARMOUR Residential REIT Inc. | 100 | 1 | |
Commerce Bancshares Inc. | 11 | 1 | |
* | EZCorp. Inc. Class A | 200 | 1 |
FNB Corp. | 100 | 1 | |
First BanCorp. (XNYS) | 100 | 1 | |
Ladder Capital Corp. Class A | 100 | 1 | |
* | LendingClub Corp. | 22 | 1 |
MFA Financial Inc. | 300 | 1 | |
New Residential Investment Corp. | 100 | 1 | |
New York Community Bancorp Inc. | 100 | 1 | |
Northwest Bancshares Inc. | 100 | 1 | |
Old Second Bancorp Inc. | 100 | 1 | |
Oppenheimer Holdings Inc. Class A | 13 | 1 | |
* | Republic First Bancorp Inc. | 369 | 1 |
* | SVB Financial Group | 2 | 1 |
United Bankshares Inc. | 18 | 1 | |
Washington Trust Bancorp Inc. | 20 | 1 | |
James River Group Holdings Ltd. | 33 | 1 | |
Broadmark Realty Capital Inc. | 145 | 1 | |
* | XP Inc. Class A | 38 | 1 |
Premier Financial Corp. | 23 | 1 | |
Rocket Cos. Inc. Class A | 100 | 1 | |
First Eagle Alternative Capital BDC Inc. | 200 | 1 | |
Main Street Capital Corp. | 33 | 1 | |
Oxford Square Capital Corp. | 352 | 1 | |
Bridge Investment Group Holdings Inc. Class A | 38 | 1 | |
BancFirst Corp. | 5 | — | |
First of Long Island Corp. | 21 | — | |
Flushing Financial Corp. | 2 | — | |
Heartland Financial USA Inc. | 2 | — | |
Invesco Mortgage Capital Inc. | 109 | — | |
Lakeland Financial Corp. | 1 | — | |
* | NMI Holdings Inc. Class A | 15 | — |
OceanFirst Financial Corp. | 1 | — | |
* | Trupanion Inc. | 1 | — |
Veritex Holdings Inc. | 11 | — | |
Western Alliance Bancorp | 4 | — | |
Westwood Holdings Group Inc. | 25 | — | |
* | ACRES Commercial Realty Corp. | 16 | — |
* | Bright Health Group Inc. | 100 | — |
AG Mortgage Investment Trust Inc. | 12 | — | |
1,468,650 | |||
Health Care (13.1%) | |||
Johnson & Johnson | 1,179,215 | 201,728 | |
Thermo Fisher Scientific Inc. | 180,198 | 120,235 | |
UnitedHealth Group Inc. | 236,374 | 118,693 | |
Pfizer Inc. | 1,591,383 | 93,971 | |
CVS Health Corp. | 710,006 | 73,244 | |
Agilent Technologies Inc. | 457,304 | 73,009 | |
McKesson Corp. | 235,580 | 58,558 | |
HCA Healthcare Inc. | 218,992 | 56,263 | |
Bristol-Myers Squibb Co. | 868,145 | 54,129 | |
* | IQVIA Holdings Inc. | 187,100 | 52,788 |
* | Waters Corp. | 136,540 | 50,875 |
Shares | Market Value ($000) | ||
Anthem Inc. | 109,703 | 50,852 | |
Merck & Co. Inc. | 622,789 | 47,731 | |
* | Regeneron Pharmaceuticals Inc. | 70,807 | 44,716 |
Abbott Laboratories | 298,029 | 41,945 | |
* | Laboratory Corp. of America Holdings | 132,937 | 41,770 |
* | Vertex Pharmaceuticals Inc. | 173,467 | 38,093 |
Amgen Inc. | 166,164 | 37,382 | |
Medtronic plc | 323,242 | 33,439 | |
Cigna Corp. | 143,661 | 32,989 | |
AbbVie Inc. | 239,932 | 32,487 | |
* | Biogen Inc. | 122,947 | 29,497 |
Eli Lilly & Co. | 96,292 | 26,598 | |
* | Align Technology Inc. | 39,866 | 26,199 |
Danaher Corp. | 78,818 | 25,932 | |
Baxter International Inc. | 273,940 | 23,515 | |
* | DaVita Inc. | 206,070 | 23,443 |
Gilead Sciences Inc. | 322,330 | 23,404 | |
Cerner Corp. | 250,170 | 23,233 | |
* | IDEXX Laboratories Inc. | 33,758 | 22,228 |
Zoetis Inc. | 83,847 | 20,461 | |
* | Moderna Inc. | 68,207 | 17,323 |
* | Mettler-Toledo International Inc. | 10,054 | 17,064 |
* | Centene Corp. | 204,003 | 16,810 |
Becton Dickinson and Co. | 60,400 | 15,189 | |
AmerisourceBergen Corp. Class A | 110,350 | 14,664 | |
* | Incyte Corp. | 156,828 | 11,511 |
Zimmer Biomet Holdings Inc. | 84,300 | 10,709 | |
* | Edwards Lifesciences Corp. | 80,795 | 10,467 |
Humana Inc. | 20,297 | 9,415 | |
PerkinElmer Inc. | 46,496 | 9,349 | |
* | Hologic Inc. | 113,810 | 8,713 |
West Pharmaceutical Services Inc. | 18,092 | 8,485 | |
ResMed Inc. | 31,860 | 8,299 | |
Quest Diagnostics Inc. | 47,714 | 8,255 | |
Organon & Co. | 237,031 | 7,218 | |
* | ACADIA Pharmaceuticals Inc. | 289,800 | 6,764 |
AstraZeneca plc ADR | 113,500 | 6,611 | |
Cardinal Health Inc. | 123,800 | 6,374 | |
* | Henry Schein Inc. | 69,700 | 5,404 |
Bruker Corp. | 50,900 | 4,271 | |
* | DexCom Inc. | 7,800 | 4,188 |
* | Illumina Inc. | 10,500 | 3,995 |
* | Intuitive Surgical Inc. | 10,700 | 3,845 |
* | Sage Therapeutics Inc. | 80,900 | 3,442 |
DENTSPLY SIRONA Inc. | 53,900 | 3,007 | |
* | Amedisys Inc. | 14,600 | 2,363 |
Owens & Minor Inc. | 43,809 | 1,906 | |
* | Boston Scientific Corp. | 40,600 | 1,725 |
* | Molina Healthcare Inc. | 5,182 | 1,648 |
* | Catalent Inc. | 11,045 | 1,414 |
* | BioMarin Pharmaceutical Inc. | 14,800 | 1,308 |
* | Myriad Genetics Inc. | 46,100 | 1,272 |
* | QIAGEN NV | 22,580 | 1,255 |
Encompass Health Corp. | 15,883 | 1,037 | |
* | Charles River Laboratories International Inc. | 2,661 | 1,003 |
* | Exelixis Inc. | 54,700 | 1,000 |
* | Lexicon Pharmaceuticals Inc. | 242,500 | 955 |
Viatris Inc. | 68,400 | 925 |
Shares | Market Value ($000) | ||
Bio-Techne Corp. | 1,700 | 879 | |
* | Allscripts Healthcare Solutions Inc. | 45,100 | 832 |
Alcon Inc. | 9,000 | 784 | |
* | Emergent BioSolutions Inc. | 17,800 | 774 |
* | Sorrento Therapeutics Inc. | 138,700 | 645 |
Patterson Cos. Inc. | 18,600 | 546 | |
* | Neogen Corp. | 11,500 | 522 |
* | Triple-S Management Corp. Class B | 14,400 | 514 |
* | United Therapeutics Corp. | 2,200 | 475 |
* | Inovio Pharmaceuticals Inc. | 92,200 | 460 |
* | Amicus Therapeutics Inc. | 37,600 | 434 |
* | Apria Inc. | 12,700 | 414 |
* | Avantor Inc. | 9,400 | 396 |
* | Theravance Biopharma Inc. | 31,900 | 353 |
*,1 | Vaxart Inc. | 52,300 | 328 |
* | Veeva Systems Inc. Class A | 1,200 | 307 |
* | Halozyme Therapeutics Inc. | 7,500 | 302 |
* | Tenet Healthcare Corp. | 3,700 | 302 |
* | Innoviva Inc. | 16,800 | 290 |
* | OPKO Health Inc. | 50,100 | 241 |
* | Taro Pharmaceutical Industries Ltd. | 4,733 | 237 |
* | Alkermes plc | 10,100 | 235 |
* | LHC Group Inc. | 1,584 | 217 |
* | Travere Thrapeutics Inc. | 6,900 | 214 |
* | Ovid therapeutics Inc. | 64,380 | 207 |
* | Eagle Pharmaceuticals Inc. | 3,900 | 199 |
* | Neurocrine Biosciences Inc. | 2,300 | 196 |
* | Dynavax Technologies Corp. | 13,500 | 190 |
* | WaVe Life Sciences Ltd. | 59,700 | 187 |
* | ABIOMED Inc. | 500 | 180 |
* | Tonix Pharmaceuticals Holding Corp. | 481,600 | 172 |
* | Accuray Inc. | 34,623 | 165 |
* | Brookdale Senior Living Inc. | 30,000 | 155 |
* | Syndax Pharmaceuticals Inc. | 7,100 | 155 |
* | CEL–SCI Corp. | 21,000 | 149 |
* | La Jolla Pharmaceutical Co. | 29,914 | 139 |
* | Community Health Systems Inc. | 10,400 | 138 |
* | Globus Medical Inc. Class A | 1,900 | 137 |
* | Vanda Pharmaceuticals Inc. | 8,100 | 127 |
* | Radius Health Inc. | 17,200 | 119 |
* | Sotera Health Co. | 4,700 | 111 |
* | Ortho Clinical Diagnostics Holdings plc Class H | 4,900 | 105 |
* | Lannett Co. Inc. | 62,000 | 100 |
* | Ironwood Pharmaceuticals Inc. Class A | 8,400 | 98 |
* | AtriCure Inc. | 1,400 | 97 |
* | Altimmune Inc. | 9,900 | 91 |
* | Infinity Pharmaceuticals Inc. | 40,300 | 91 |
* | Fluidigm Corp. | 22,900 | 90 |
* | Tivity Health Inc. | 3,200 | 85 |
* | AnaptysBio Inc. | 2,400 | 83 |
* | Bridgebio Pharma Inc. | 5,000 | 83 |
* | Omeros Corp. | 11,700 | 75 |
* | AcelRx Pharmaceuticals Inc. | 124,516 | 70 |
* | Alnylam Pharmaceuticals Inc. | 398 | 68 |
* | Collegium Pharmaceutical Inc. | 3,582 | 67 |
* | Haemonetics Corp. | 1,200 | 64 |
* | Rubius Therapeutics Inc. | 6,100 | 59 |
* | Avanos Medical Inc. | 1,600 | 55 |
Shares | Market Value ($000) | ||
* | Essa Pharma Inc. | 3,900 | 55 |
* | Maravai LifeSciences Holdings Inc. Class A | 1,300 | 54 |
* | ANI Pharmaceuticals Inc. | 1,116 | 51 |
* | BioDelivery Sciences International Inc. | 16,100 | 50 |
* | Vocera Communications Inc. | 700 | 45 |
* | Heron Therapeutics Inc. | 4,843 | 44 |
* | Sangamo Therapeutics Inc. | 5,900 | 44 |
* | Atara Biotherapeutics Inc. | 2,600 | 41 |
* | Corcept Therapeutics Inc. | 2,000 | 40 |
* | MiMedx Group Inc. | 6,500 | 39 |
* | CareDx Inc. | 800 | 36 |
* | Puma Biotechnology Inc. | 11,961 | 36 |
* | Agile Therapeutics Inc. | 73,421 | 36 |
* | TG Therapeutics Inc. | 1,822 | 35 |
* | Nektar Therapeutics Class A | 2,400 | 32 |
* | Innovage Holding Corp. | 6,400 | 32 |
* | AngioDynamics Inc. | 1,138 | 31 |
* | Reneo Pharmaceuticals Inc. | 3,637 | 31 |
* | Aeglea BioTherapeutics Inc. | 6,400 | 30 |
* | Definitive Healthcare Corp. Class A | 1,095 | 30 |
* | Evolus Inc. | 4,300 | 28 |
Stryker Corp. | 100 | 27 | |
* | Cardiovascular Systems Inc. | 1,400 | 26 |
* | IVERIC bio Inc. | 1,500 | 25 |
* | Odonate Therapeutics Inc. | 18,141 | 25 |
* | Allakos Inc. | 2,500 | 24 |
* | Axogen Inc. | 2,610 | 24 |
* | PTC Therapeutics Inc. | 600 | 24 |
* | NextGen Healthcare Inc. | 1,300 | 23 |
* | Tricida Inc. | 2,400 | 23 |
* | Cerus Corp. | 3,300 | 22 |
* | Bio-Rad Laboratories Inc. Class A | 28 | 21 |
* | Invacare Corp. | 7,600 | 21 |
* | Arcus Biosciences Inc. | 499 | 20 |
* | Organogenesis Holdings Inc. Class A | 2,200 | 20 |
* | Corbus Pharmaceuticals Holdings Inc. | 29,105 | 18 |
* | Orgenesis Inc. | 6,075 | 18 |
* | Humanigen Inc. | 4,800 | 18 |
* | EyePoint Pharmaceuticals Inc. | 1,500 | 18 |
* | Catalyst Pharmaceuticals Inc. | 2,500 | 17 |
* | Evofem Biosciences Inc. | 42,300 | 16 |
* | Xenon Pharmaceuticals Inc. | 500 | 16 |
* | ICON plc | 47 | 15 |
* | HealthEquity Inc. | 300 | 13 |
* | Covetrus Inc. | 600 | 12 |
* | Lineage Cell Therapeutics Inc. | 5,094 | 12 |
* | Novavax Inc. | 84 | 12 |
* | Calithera Biosciences Inc. | 15,800 | 11 |
* | agilon health Inc. | 400 | 11 |
* | Recro Pharma Inc. | 5,754 | 10 |
* | Repligen Corp. | 39 | 10 |
* | Ultragenyx Pharmaceutical Inc. | 90 | 8 |
* | Medpace Holdings Inc. | 32 | 7 |
* | Retractable Technologies Inc. | 1,000 | 7 |
* | Avalo Therapeutics Inc. | 3,838 | 7 |
* | CorVel Corp. | 30 | 6 |
* | Varex Imaging Corp. | 181 | 6 |
* | Surmodics Inc. | 98 | 5 |
Shares | Market Value ($000) | ||
* | Aytu BioPharma Inc. | 3,524 | 5 |
* | Aveanna Healthcare Holdings Inc. | 657 | 5 |
* | Exact Sciences Corp. | 45 | 4 |
* | Penumbra Inc. | 13 | 4 |
* | Tandem Diabetes Care Inc. | 26 | 4 |
* | Envista Holdings Corp. | 81 | 4 |
* | Vir Biotechnology Inc. | 100 | 4 |
* | GlycoMimetics Inc. | 2,200 | 3 |
* | Gritstone bio Inc. | 254 | 3 |
* | Homology Medicines Inc. | 900 | 3 |
* | Oncocyte Corp. | 1,200 | 3 |
* | Zogenix Inc. | 168 | 3 |
* | InfuSystem Holdings Inc. | 176 | 3 |
* | Viemed Healthcare Inc. | 506 | 3 |
* | Convey Health Solutions Holdings Inc. | 300 | 3 |
* | Accelerate Diagnostics Inc. | 300 | 2 |
* | Enzo Biochem Inc. | 500 | 2 |
* | FONAR Corp. | 100 | 2 |
* | Integer Holdings Corp. | 24 | 2 |
* | Palatin Technologies Inc. | 3,558 | 2 |
* | Senseonics Holdings Inc. | 700 | 2 |
* | Harpoon Therapeutics Inc. | 200 | 2 |
* | Pulse Biosciences Inc. | 100 | 2 |
* | Immunovant Inc. | 180 | 2 |
* | Marinus Pharmaceuticals Inc. | 125 | 2 |
* | ProQR Therapeutics NV | 205 | 2 |
* | Rain Therapeutics Inc. | 135 | 2 |
* | LifeStance Health Group Inc. | 167 | 2 |
* | Xeris Biopharma Holdings Inc. | 662 | 2 |
* | Aclaris Therapeutics Inc. | 100 | 1 |
* | Agenus Inc. | 200 | 1 |
* | Akebia Therapeutics Inc. | 498 | 1 |
* | Amneal Pharmaceuticals Inc. | 200 | 1 |
* | Ardelyx Inc. | 1,000 | 1 |
* | BioCryst Pharmaceuticals Inc. | 100 | 1 |
* | CTI BioPharma Corp. | 200 | 1 |
* | Cara Therapeutics Inc. | 106 | 1 |
* | Change Healthcare Inc. | 57 | 1 |
* | Chimerix Inc. | 100 | 1 |
* | Coherus Biosciences Inc. | 38 | 1 |
* | Concert Pharmaceuticals Inc. | 300 | 1 |
* | Cutera Inc. | 32 | 1 |
* | Cymabay Therapeutics Inc. | 376 | 1 |
* | CytomX Therapeutics Inc. | 200 | 1 |
* | Eiger BioPharmaceuticals Inc. | 100 | 1 |
* | ImmunoGen Inc. | 194 | 1 |
* | Jounce Therapeutics Inc. | 100 | 1 |
* | Karyopharm Therapeutics Inc. | 100 | 1 |
LeMaitre Vascular Inc. | 27 | 1 | |
* | MEI Pharma Inc. | 200 | 1 |
* | MediciNova Inc. | 200 | 1 |
* | Meridian Bioscience Inc. | 50 | 1 |
* | Mersana Therapeutics Inc. | 100 | 1 |
* | Minerva Neurosciences Inc. | 1,100 | 1 |
* | Natus Medical Inc. | 30 | 1 |
* | Optinose Inc. | 600 | 1 |
* | OraSure Technologies Inc. | 100 | 1 |
* | Pacific Biosciences of California Inc. | 70 | 1 |
Shares | Market Value ($000) | ||
* | Rigel Pharmaceuticals Inc. | 372 | 1 |
* | Selecta Biosciences Inc. | 400 | 1 |
* | Sientra Inc. | 206 | 1 |
* | Spectrum Pharmaceuticals Inc. | 400 | 1 |
* | Voyager Therapeutics Inc. | 200 | 1 |
* | iCAD Inc. | 100 | 1 |
* | NextCure Inc. | 200 | 1 |
* | SmileDirectClub Inc. | 239 | 1 |
* | Pieris Pharmaceuticals Inc. | 300 | 1 |
* | Aquestive Therapeutics Inc. | 181 | 1 |
* | Affimed NV | 100 | 1 |
* | CRISPR Therapeutics AG | 16 | 1 |
* | Precigen Inc. | 200 | 1 |
* | PDS Biotechnology Corp. | 165 | 1 |
* | Liquidia Corp. | 166 | 1 |
* | Gamida Cell Ltd. | 428 | 1 |
* | Quotient Ltd. | 200 | 1 |
* | Aptinyx Inc. Class A | 200 | 1 |
* | Chinook Therapeutics Inc. | 67 | 1 |
* | Cronos Group Inc. | 200 | 1 |
* | Compugen Ltd. | 193 | 1 |
* | Heat Biologics Inc. | 252 | 1 |
* | Akoya Biosciences Inc. | 47 | 1 |
* | Assertio Holdings Inc. | 395 | 1 |
* | Acumen Pharmaceuticals Inc. | 100 | 1 |
* | ATAI Life Sciences NV | 148 | 1 |
* | Abeona Therapeutics Inc. | 700 | — |
* | Adverum Biotechnologies Inc. | 100 | — |
* | Assembly Biosciences Inc. | 80 | — |
* | Athenex Inc. | 173 | — |
* | Calyxt Inc. | 41 | — |
* | Clovis Oncology Inc. | 100 | — |
* | Computer Programs and Systems Inc. | 5 | — |
* | Durect Corp. | 100 | — |
* | ElectroCore Inc. | 386 | — |
* | Fortress Biotech Inc. | 100 | — |
* | Galectin Therapeutics Inc. | 100 | — |
* | Insmed Inc. | 6 | — |
* | Kura Oncology Inc. | 33 | — |
* | MannKind Corp. | 100 | — |
* | Paratek Pharmaceuticals Inc. | 100 | — |
* | PolarityTE Inc. | 283 | — |
* | Rockwell Medical Inc. | 436 | — |
Select Medical Holdings Corp. | 4 | — | |
* | Seres Therapeutics Inc. | 22 | — |
* | Sesen Bio Inc. | 300 | — |
* | Syros Pharmaceuticals Inc. | 100 | — |
* | Tactile Systems Technology Inc. | 14 | — |
* | vTv Therapeutics Inc. Class A | 406 | — |
* | Tyme Technologies Inc. | 600 | — |
*,2 | Alder Biopharmaceuticals Inc. CVR | 200 | — |
* | Arbutus Biopharma Corp. | 100 | — |
* | Baudax Bio Inc. | 4 | — |
* | Bellicum Pharmaceuticals Inc. | 175 | — |
* | Five Star Senior Living Inc. | 6 | — |
* | VBI Vaccines Inc. | 100 | — |
* | Neoleukin Therapeutics Inc. | 15 | — |
* | Surgalign Holdings Inc. | 195 | — |
Shares | Market Value ($000) | ||
* | Genocea Biosciences Inc. | 300 | — |
* | IMARA Inc. | 160 | — |
* | VYNE Therapeutics Inc. | 84 | — |
1,854,953 | |||
Industrials (6.5%) | |||
United Parcel Service Inc. Class B | 316,851 | 67,914 | |
Union Pacific Corp. | 228,420 | 57,546 | |
Illinois Tool Works Inc. | 208,770 | 51,524 | |
Dover Corp. | 243,808 | 44,276 | |
Norfolk Southern Corp. | 141,632 | 42,165 | |
Otis Worldwide Corp. | 472,658 | 41,154 | |
Northrop Grumman Corp. | 105,883 | 40,984 | |
Republic Services Inc. Class A | 278,232 | 38,799 | |
Deere & Co. | 107,386 | 36,822 | |
Lockheed Martin Corp. | 100,951 | 35,879 | |
Old Dominion Freight Line Inc. | 98,978 | 35,472 | |
3M Co. | 162,964 | 28,947 | |
A O Smith Corp. | 336,387 | 28,879 | |
Cummins Inc. | 119,946 | 26,165 | |
Trane Technologies plc | 128,586 | 25,978 | |
* | United Rentals Inc. | 74,272 | 24,680 |
Emerson Electric Co. | 254,300 | 23,642 | |
WW Grainger Inc. | 43,917 | 22,760 | |
Honeywell International Inc. | 106,626 | 22,233 | |
Caterpillar Inc. | 96,301 | 19,909 | |
Robert Half International Inc. | 166,898 | 18,612 | |
Allegion plc | 138,853 | 18,390 | |
Carrier Global Corp. | 312,100 | 16,928 | |
Fortive Corp. | 198,340 | 15,131 | |
JB Hunt Transport Services Inc. | 52,425 | 10,716 | |
FedEx Corp. | 36,591 | 9,464 | |
AMETEK Inc. | 63,100 | 9,278 | |
Raytheon Technologies Corp. | 106,300 | 9,148 | |
Johnson Controls International plc | 109,218 | 8,881 | |
Fastenal Co. | 133,700 | 8,565 | |
* | Alaska Air Group Inc. | 156,303 | 8,143 |
Equifax Inc. | 22,230 | 6,509 | |
IHS Markit Ltd. | 44,800 | 5,955 | |
Nielsen Holdings plc | 259,311 | 5,318 | |
PACCAR Inc. | 60,247 | 5,317 | |
* | Avis Budget Group Inc. | 23,500 | 4,873 |
General Dynamics Corp. | 21,900 | 4,566 | |
Snap-on Inc. | 19,003 | 4,093 | |
General Electric Co. | 41,400 | 3,911 | |
Waste Connections Inc. (XTSE) | 28,300 | 3,856 | |
Allison Transmission Holdings Inc. | 71,600 | 2,603 | |
Huntington Ingalls Industries Inc. | 12,700 | 2,372 | |
Rollins Inc. | 55,900 | 1,912 | |
Textron Inc. | 22,600 | 1,745 | |
Masco Corp. | 24,213 | 1,700 | |
* | CACI International Inc. Class A | 6,200 | 1,669 |
Quanta Services Inc. | 12,627 | 1,448 | |
CSX Corp. | 35,800 | 1,346 | |
Graco Inc. | 13,500 | 1,088 | |
Acuity Brands Inc. | 5,099 | 1,080 | |
nVent Electric plc | 27,500 | 1,045 | |
Expeditors International of Washington Inc. | 7,131 | 958 | |
MSA Safety Inc. | 6,225 | 940 |
Shares | Market Value ($000) | ||
Fortune Brands Home & Security Inc. | 8,661 | 926 | |
* | Mercury Systems Inc. | 16,600 | 914 |
Xylem Inc. | 7,300 | 875 | |
* | Resideo Technologies Inc. | 30,099 | 783 |
TransUnion | 6,300 | 747 | |
Werner Enterprises Inc. | 14,100 | 672 | |
Stanley Black & Decker Inc. | 3,500 | 660 | |
ManpowerGroup Inc. | 5,600 | 545 | |
* | Great Lakes Dredge & Dock Corp. | 32,900 | 517 |
Parker-Hannifin Corp. | 1,534 | 488 | |
* | Upwork Inc. | 13,000 | 444 |
Flowserve Corp. | 14,000 | 428 | |
Pitney Bowes Inc. | 59,815 | 397 | |
Moog Inc. Class A | 4,812 | 390 | |
* | Generac Holdings Inc. | 1,100 | 387 |
L3Harris Technologies Inc. | 1,800 | 384 | |
Canadian Pacific Railway Ltd. | 5,320 | 383 | |
Watsco Inc. | 1,209 | 378 | |
* | American Airlines Group Inc. | 19,600 | 352 |
Pentair plc | 4,800 | 351 | |
Knight-Swift Transportation Holdings Inc. | 5,675 | 346 | |
Lindsay Corp. | 2,200 | 334 | |
ManTech International Corp. Class A | 4,500 | 328 | |
GFL Environmental Inc. (XTSE) | 8,000 | 303 | |
* | AECOM | 3,700 | 286 |
Oshkosh Corp. | 2,447 | 276 | |
GrafTech International Ltd. | 23,200 | 274 | |
* | AerCap Holdings NV | 4,000 | 262 |
* | First Advantage Corp. | 13,200 | 251 |
* | Southwest Airlines Co. | 5,208 | 223 |
* | Manitowoc Co. Inc. | 10,100 | 188 |
* | Allegiant Travel Co. | 1,000 | 187 |
REV Group Inc. | 12,400 | 175 | |
ArcBest Corp. | 1,400 | 168 | |
* | Beacon Roofing Supply Inc. | 2,800 | 161 |
* | IAA Inc. | 3,132 | 159 |
Howmet Aerospace Inc. | 4,600 | 146 | |
* | Atlas Air Worldwide Holdings Inc. | 1,300 | 122 |
Air Lease Corp. Class A | 2,500 | 111 | |
Ingersoll Rand Inc. | 1,700 | 105 | |
Trinity Industries Inc. | 3,400 | 103 | |
* | AeroVironment Inc. | 1,600 | 99 |
* | Fluor Corp. | 3,900 | 97 |
* | Gates Industrial Corp. plc | 5,500 | 88 |
ZIM Integrated Shipping Services Ltd. | 1,500 | 88 | |
* | Yellow Corp. | 6,400 | 81 |
Healthcare Services Group Inc. | 4,000 | 71 | |
* | Tutor Perini Corp. | 5,462 | 68 |
Steelcase Inc. Class A | 5,700 | 67 | |
Donaldson Co. Inc. | 1,100 | 65 | |
Owens Corning | 686 | 62 | |
* | AAR Corp. | 1,600 | 62 |
* | American Superconductor Corp. | 5,500 | 60 |
Maxar Technologies Inc. | 1,900 | 56 | |
* | Quad/Graphics Inc. | 13,000 | 52 |
Matthews International Corp. Class A | 1,400 | 51 | |
* | Northwest Pipe Co. | 1,547 | 49 |
* | Astronics Corp. | 3,988 | 48 |
Shares | Market Value ($000) | ||
Arcosa Inc. | 889 | 47 | |
Atlas Corp. | 3,300 | 47 | |
Kelly Services Inc. Class A | 2,699 | 45 | |
* | Middleby Corp. | 200 | 39 |
Westinghouse Air Brake Technologies Corp. | 400 | 37 | |
Eaton Corp. plc | 200 | 35 | |
* | Mesa Air Group Inc. | 6,100 | 34 |
* | TrueBlue Inc. | 1,192 | 33 |
* | JetBlue Airways Corp. | 2,268 | 32 |
Schneider National Inc. Class B | 1,200 | 32 | |
Lennox International Inc. | 95 | 31 | |
* | Mayville Engineering Co. Inc. | 1,801 | 27 |
Nordson Corp. | 99 | 25 | |
* | BrightView Holdings Inc. | 1,715 | 24 |
Heartland Express Inc. | 1,300 | 22 | |
* | Meritor Inc. | 800 | 20 |
Leidos Holdings Inc. | 200 | 18 | |
* | Babcock & Wilcox Enterprises Inc. | 1,900 | 17 |
* | Axon Enterprise Inc. | 100 | 16 |
* | DXP Enterprises Inc. | 500 | 13 |
* | FTI Consulting Inc. | 87 | 13 |
HNI Corp. | 300 | 13 | |
* | Plug Power Inc. | 400 | 11 |
* | TriNet Group Inc. | 100 | 10 |
EnPro Industries Inc. | 82 | 9 | |
* | American Woodmark Corp. | 100 | 7 |
* | FuelCell Energy Inc. | 1,200 | 6 |
Barnes Group Inc. | 98 | 5 | |
* | Ultralife Corp. | 900 | 5 |
* | CBIZ Inc. | 91 | 4 |
Tetra Tech Inc. | 23 | 4 | |
* | TransDigm Group Inc. | 7 | 4 |
CH Robinson Worldwide Inc. | 24 | 3 | |
* | Cornerstone Building Brands Inc. | 198 | 3 |
* | Evoqua Water Technologies Corp. | 63 | 3 |
* | L B Foster Co. Class A | 194 | 3 |
LSI Industries Inc. | 400 | 3 | |
Marten Transport Ltd. | 150 | 3 | |
Rush Enterprises Inc. Class A | 58 | 3 | |
* | WESCO International Inc. | 23 | 3 |
ARC Document Solutions Inc. | 857 | 3 | |
AZZ Inc. | 41 | 2 | |
Aerojet Rocketdyne Holdings Inc. | 38 | 2 | |
Brady Corp. Class A | 38 | 2 | |
* | Forrester Research Inc. | 40 | 2 |
Greenbrier Cos. Inc. | 39 | 2 | |
Interface Inc. Class A | 100 | 2 | |
* | KAR Auction Services Inc. | 100 | 2 |
MillerKnoll Inc. | 60 | 2 | |
* | Radiant Logistics Inc. | 282 | 2 |
Resources Connection Inc. | 112 | 2 | |
* | Titan Machinery Inc. | 66 | 2 |
Universal Logistics Holdings Inc. | 86 | 2 | |
Wabash National Corp. | 100 | 2 | |
Luxfer Holdings plc | 94 | 2 | |
ACCO Brands Corp. | 204 | 2 | |
* | Sun Country Airlines Holdings Inc. | 83 | 2 |
* | Acacia Research Corp. | 200 | 1 |
Shares | Market Value ($000) | ||
* | CECO Environmental Corp. | 225 | 1 |
* | CoreCivic Inc. | 99 | 1 |
* | Hawaiian Holdings Inc. | 76 | 1 |
* | Hexcel Corp. | 27 | 1 |
Kimball International Inc. Class B | 132 | 1 | |
* | MRC Global Inc. | 147 | 1 |
* | Masonite International Corp. | 6 | 1 |
* | Matrix Service Co. | 192 | 1 |
* | Mistras Group Inc. | 100 | 1 |
* | NOW Inc. | 146 | 1 |
* | Orion Group Holdings Inc. | 200 | 1 |
* | Team Inc. | 700 | 1 |
* | Titan International Inc. | 100 | 1 |
* | USA Truck Inc. | 24 | 1 |
Caesarstone Ltd. | 62 | 1 | |
* | Corp. America Airports SA | 200 | 1 |
Pangaea Logistics Solutions Ltd. | 200 | 1 | |
* | Armstrong Flooring Inc. | 25 | — |
* | Covenant Logistics Group Inc. Class A | 14 | — |
* | Energous Corp. | 142 | — |
* | SkyWest Inc. | 4 | — |
Shyft Group Inc. | 1 | — | |
* | Ideanomics Inc. | 100 | — |
* | Westport Fuel Systems Inc. | 100 | — |
Eneti Inc. | 2 | — | |
Zurn Water Solutions Corp. | 3 | — | |
930,743 | |||
Information Technology (29.3%) | |||
Apple Inc. | 5,471,290 | 971,537 | |
Microsoft Corp. | 2,788,090 | 937,690 | |
NVIDIA Corp. | 634,188 | 186,521 | |
QUALCOMM Inc. | 960,770 | 175,696 | |
Accenture plc Class A | 319,451 | 132,428 | |
* | Adobe Inc. | 233,502 | 132,410 |
Intel Corp. | 2,078,576 | 107,047 | |
Texas Instruments Inc. | 444,468 | 83,769 | |
Mastercard Inc. Class A | 227,412 | 81,714 | |
* | Gartner Inc. | 214,720 | 71,785 |
HP Inc. | 1,873,816 | 70,587 | |
Cisco Systems Inc. | 1,041,319 | 65,988 | |
Visa Inc. Class A | 265,911 | 57,626 | |
* | PayPal Holdings Inc. | 292,195 | 55,102 |
Applied Materials Inc. | 321,592 | 50,606 | |
Oracle Corp. | 579,839 | 50,568 | |
* | salesforce.com Inc. | 192,763 | 48,987 |
International Business Machines Corp. | 350,540 | 46,853 | |
Lam Research Corp. | 62,737 | 45,117 | |
* | Advanced Micro Devices Inc. | 304,356 | 43,797 |
* | Cadence Design Systems Inc. | 220,125 | 41,020 |
Cognizant Technology Solutions Corp. Class A | 456,478 | 40,499 | |
* | Arista Networks Inc. | 268,640 | 38,617 |
Broadcom Inc. | 55,292 | 36,792 | |
* | Synopsys Inc. | 99,054 | 36,501 |
* | Western Digital Corp. | 555,031 | 36,194 |
* | Fortinet Inc. | 98,963 | 35,567 |
KLA Corp. | 76,900 | 33,075 | |
* | VeriSign Inc. | 124,260 | 31,540 |
* | ServiceNow Inc. | 46,500 | 30,184 |
Shares | Market Value ($000) | ||
CDW Corp. | 139,995 | 28,668 | |
Skyworks Solutions Inc. | 170,460 | 26,445 | |
NXP Semiconductors NV | 111,640 | 25,429 | |
* | Qorvo Inc. | 133,599 | 20,894 |
Analog Devices Inc. | 114,912 | 20,198 | |
* | Autodesk Inc. | 69,592 | 19,569 |
Micron Technology Inc. | 189,518 | 17,654 | |
Fidelity National Information Services Inc. | 149,300 | 16,296 | |
Motorola Solutions Inc. | 56,135 | 15,252 | |
Vontier Corp. | 490,285 | 15,066 | |
Teradyne Inc. | 80,800 | 13,213 | |
* | Keysight Technologies Inc. | 62,700 | 12,948 |
* | DocuSign Inc. Class A | 78,400 | 11,941 |
NetApp Inc. | 123,842 | 11,392 | |
Citrix Systems Inc. | 99,300 | 9,393 | |
* | F5 Inc. | 38,126 | 9,330 |
Jack Henry & Associates Inc. | 55,374 | 9,247 | |
Xilinx Inc. | 39,200 | 8,312 | |
* | Akamai Technologies Inc. | 69,900 | 8,181 |
* | FleetCor Technologies Inc. | 31,570 | 7,067 |
Microchip Technology Inc. | 66,630 | 5,801 | |
Western Union Co. | 320,480 | 5,717 | |
Global Payments Inc. | 34,500 | 4,664 | |
* | DXC Technology Co. | 142,224 | 4,578 |
Hewlett Packard Enterprise Co. | 287,566 | 4,535 | |
NortonLifeLock Inc. | 172,915 | 4,492 | |
* | Atlassian Corp. plc Class A | 10,500 | 4,004 |
Intuit Inc. | 5,445 | 3,502 | |
Marvell Technology Inc. | 38,700 | 3,386 | |
* | Rambus Inc. | 106,600 | 3,133 |
* | Crowdstrike Holdings Inc. Class A | 14,200 | 2,907 |
* | Tyler Technologies Inc. | 5,380 | 2,894 |
* | SunPower Corp. | 128,400 | 2,680 |
* | Fair Isaac Corp. | 6,100 | 2,645 |
InterDigital Inc. | 31,500 | 2,256 | |
* | Enphase Energy Inc. | 12,212 | 2,234 |
* | EPAM Systems Inc. | 3,100 | 2,072 |
* | Tower Semiconductor Ltd. | 48,700 | 1,932 |
* | Box Inc. Class A | 63,200 | 1,655 |
* | Synaptics Inc. | 5,600 | 1,621 |
Xerox Holdings Corp. | 67,500 | 1,528 | |
* | Workiva Inc. Class A | 11,000 | 1,435 |
* | Teradata Corp. | 28,400 | 1,206 |
* | StoneCo. Ltd. Class A | 65,800 | 1,109 |
* | Mandiant Inc. | 60,300 | 1,058 |
Concentrix Corp. | 5,821 | 1,040 | |
* | Dropbox Inc. Class A | 37,800 | 928 |
* | Zebra Technologies Corp. Class A | 1,400 | 833 |
Entegris Inc. | 5,800 | 804 | |
* | Black Knight Inc. | 9,300 | 771 |
* | Bill.Com Holdings Inc. | 3,033 | 756 |
* | MoneyGram International Inc. | 79,600 | 628 |
* | Globant SA | 1,900 | 597 |
Cognex Corp. | 7,400 | 575 | |
* | ACI Worldwide Inc. | 14,700 | 510 |
Paychex Inc. | 3,500 | 478 | |
* | 3D Systems Corp. | 22,000 | 474 |
Bentley Systems Inc. Class B | 9,400 | 454 |
Shares | Market Value ($000) | ||
Avnet Inc. | 9,800 | 404 | |
* | Sanmina Corp. | 7,400 | 307 |
* | Paycom Software Inc. | 700 | 291 |
* | Cognyte Software Ltd. | 17,800 | 279 |
* | Unisys Corp. | 13,100 | 269 |
* | CommScope Holding Co. Inc. | 21,200 | 234 |
Amdocs Ltd. | 2,805 | 210 | |
MKS Instruments Inc. | 1,100 | 192 | |
* | Magnachip Semiconductor Corp. | 8,400 | 176 |
Universal Display Corp. | 1,023 | 169 | |
SolarWinds Corp. | 11,900 | 169 | |
* | Conduent Inc. | 29,600 | 158 |
* | Ciena Corp. | 1,700 | 131 |
* | Avid Technology Inc. | 3,400 | 111 |
* | New Relic Inc. | 1,000 | 110 |
* | Dynatrace Inc. | 1,800 | 109 |
* | NetScout Systems Inc. | 3,200 | 106 |
* | Celestica Inc. | 9,000 | 100 |
* | TTM Technologies Inc. | 6,000 | 89 |
A10 Networks Inc. | 5,300 | 88 | |
* | Grid Dynamics Holdings Inc. | 2,230 | 85 |
* | Blackbaud Inc. | 1,000 | 79 |
* | Daktronics Inc. | 15,500 | 78 |
* | Trimble Inc. | 900 | 78 |
* | Everbridge Inc. | 1,100 | 74 |
TD SYNNEX Corp. | 619 | 71 | |
* | Blackline Inc. | 638 | 66 |
* | Upland Software Inc. | 3,600 | 65 |
Hackett Group Inc. | 3,000 | 62 | |
Sapiens International Corp. NV | 1,812 | 62 | |
National Instruments Corp. | 1,300 | 57 | |
SS&C Technologies Holdings Inc. | 700 | 57 | |
* | Anaplan Inc. | 1,200 | 55 |
* | Cloudflare Inc. Class A | 400 | 53 |
* | Photronics Inc. | 2,500 | 47 |
* | Verint Systems Inc. | 900 | 47 |
* | Allegro MicroSystems Inc. | 1,300 | 47 |
* | Qualys Inc. | 300 | 41 |
* | Hollysys Automation Technologies Ltd. | 2,900 | 41 |
* | Veeco Instruments Inc. | 1,400 | 40 |
* | First Solar Inc. | 400 | 35 |
* | N-Able Inc. | 2,900 | 32 |
* | WM Technology Inc. | 4,800 | 29 |
* | Kyndryl Holdings Inc. | 1,500 | 27 |
Corning Inc. | 666 | 25 | |
* | Tenable Holdings Inc. | 448 | 25 |
Vishay Intertechnology Inc. | 1,100 | 24 | |
Ebix Inc. | 700 | 21 | |
* | PDF Solutions Inc. | 600 | 19 |
* | Momentive Global Inc. | 900 | 19 |
Information Services Group Inc. | 2,400 | 18 | |
* | GreenSky Inc. Class A | 1,400 | 16 |
* | Zoom Video Communications Inc. Class A | 83 | 15 |
* | Nova Ltd. | 100 | 15 |
Bel Fuse Inc. Class B | 1,045 | 14 | |
Ituran Location and Control Ltd. | 500 | 13 | |
NVE Corp. | 149 | 10 | |
Broadridge Financial Solutions Inc. | 51 | 9 |
Shares | Market Value ($000) | ||
* | Squarespace Inc. Class A | 300 | 9 |
* | Silicon Laboratories Inc. | 41 | 8 |
* | CalAmp Corp. | 1,000 | 7 |
* | Turtle Beach Corp. | 300 | 7 |
* | TELUS International CDA Inc. | 200 | 7 |
Badger Meter Inc. | 51 | 5 | |
* | Euronet Worldwide Inc. | 45 | 5 |
* | KVH Industries Inc. | 508 | 5 |
* | SMART Global Holdings Inc. | 73 | 5 |
* | Check Point Software Technologies Ltd. | 42 | 5 |
McAfee Corp.Class A | 200 | 5 | |
ADTRAN Inc. | 157 | 4 | |
Amphenol Corp. Class A | 51 | 4 | |
* | Impinj Inc. | 50 | 4 |
* | LiveRamp Holdings Inc. | 86 | 4 |
* | Paysign Inc. | 2,300 | 4 |
* | Cerence Inc. | 56 | 4 |
* | Diebold Nixdorf Inc. | 300 | 3 |
* | Model N Inc. | 94 | 3 |
* | ScanSource Inc. | 100 | 3 |
* | Zendesk Inc. | 32 | 3 |
* | Digital Turbine Inc. | 40 | 2 |
* | Evo Payments Inc. Class A | 81 | 2 |
* | eGain Corp. | 174 | 2 |
* | Extreme Networks Inc. | 100 | 2 |
* | Infinera Corp. | 190 | 2 |
* | Lumentum Holdings Inc. | 17 | 2 |
* | Mitek Systems Inc. | 137 | 2 |
* | NeoPhotonics Corp. | 100 | 2 |
Switch Inc. Class A | 74 | 2 | |
* | Verra Mobility Corp. Class A | 100 | 2 |
* | Viavi Solutions Inc. | 100 | 2 |
* | Flex Ltd. | 100 | 2 |
* | Palantir Technologies Inc. Class A | 117 | 2 |
* | Net 1 UEPS Technologies Inc. | 372 | 2 |
* | Applied Optoelectronics Inc. | 200 | 1 |
* | Arlo Technologies Inc. | 100 | 1 |
* | Asure Software Inc. | 75 | 1 |
* | Axcelis Technologies Inc. | 10 | 1 |
Benchmark Electronics Inc. | 55 | 1 | |
* | Benefitfocus Inc. | 100 | 1 |
* | Calix Inc. | 9 | 1 |
* | Casa Systems Inc. | 100 | 1 |
* | Ceridian HCM Holding Inc. | 8 | 1 |
* | ePlus Inc. | 14 | 1 |
* | Inseego Corp. | 200 | 1 |
* | Iteris Inc. | 151 | 1 |
* | Kopin Corp. | 281 | 1 |
* | Rekor Systems Inc. | 200 | 1 |
* | Ribbon Communications Inc. | 100 | 1 |
* | Smartsheet Inc. Class A | 14 | 1 |
* | ViaSat Inc. | 26 | 1 |
* | Park City Group Inc. | 134 | 1 |
* | Tufin Software Technologies Ltd. | 105 | 1 |
* | Intrusion Inc. | 437 | 1 |
* | SEMrush Holdings Inc. Class A | 70 | 1 |
* | Exela Technologies Inc. | 800 | 1 |
* | Paysafe Ltd. | 197 | 1 |
Shares | Market Value ($000) | ||
* | Eastman Kodak Co. | 29 | — |
* | 8x8 Inc. | 5 | — |
* | Immersion Corp. | 2 | — |
* | VirnetX Holding Corp. | 100 | — |
* | Vishay Precision Group Inc. | 2 | — |
* | Yext Inc. | 7 | — |
* | Maxeon Solar Technologies Ltd. | 12 | — |
* | Sierra Wireless Inc. | 15 | — |
* | Alkami Technology Inc. | 3 | — |
4,169,632 | |||
Materials (1.6%) | |||
Nucor Corp. | 267,071 | 30,486 | |
Dow Inc. | 528,685 | 29,987 | |
Freeport-McMoRan Inc. | 495,128 | 20,662 | |
CF Industries Holdings Inc. | 282,874 | 20,022 | |
Sealed Air Corp. | 270,692 | 18,264 | |
Mosaic Co. | 354,728 | 13,937 | |
LyondellBasell Industries NV Class A | 125,026 | 11,531 | |
Linde plc | 31,333 | 10,855 | |
Avery Dennison Corp. | 41,394 | 8,965 | |
Packaging Corp. of America | 62,515 | 8,511 | |
DuPont de Nemours Inc. | 94,200 | 7,610 | |
Sherwin-Williams Co. | 20,600 | 7,255 | |
International Paper Co. | 148,700 | 6,986 | |
Corteva Inc. | 143,400 | 6,780 | |
Westrock Co. | 70,781 | 3,140 | |
Celanese Corp. Class A | 16,630 | 2,795 | |
Steel Dynamics Inc. | 40,400 | 2,508 | |
Nutrien Ltd. | 31,400 | 2,361 | |
Commercial Metals Co. | 64,063 | 2,325 | |
Agnico Eagle Mines Ltd. | 40,500 | 2,152 | |
Barrick Gold Corp. (XTSE) | 109,800 | 2,086 | |
US Steel Corp. | 62,800 | 1,495 | |
Ecolab Inc. | 5,300 | 1,243 | |
Reliance Steel & Aluminum Co. | 6,800 | 1,103 | |
Huntsman Corp. | 26,300 | 917 | |
Amcor plc | 63,090 | 758 | |
Olin Corp. | 11,100 | 639 | |
Ball Corp. | 6,600 | 635 | |
Teck Resources Ltd. Class B | 18,800 | 542 | |
Warrior Met Coal Inc. | 16,000 | 411 | |
Kirkland Lake Gold Ltd. | 9,400 | 394 | |
* | Ingevity Corp. | 4,400 | 316 |
Louisiana-Pacific Corp. | 4,000 | 313 | |
Southern Copper Corp. | 4,900 | 302 | |
* | Arconic Corp. | 7,935 | 262 |
Sonoco Products Co. | 4,400 | 255 | |
Alcoa Corp. | 4,100 | 244 | |
* | Sylvamo Corp. | 8,500 | 237 |
Resolute Forest Products Inc. | 15,015 | 229 | |
Materion Corp. | 2,300 | 211 | |
* | O-I Glass Inc. | 15,100 | 182 |
* | Ramaco Resources Inc. | 10,900 | 148 |
* | Alpha Metallurgical Resources Inc. | 1,500 | 92 |
* | Diversey Holdings Ltd. | 6,000 | 80 |
Tronox Holdings plc Class A | 2,900 | 70 | |
Westlake Chemical Corp. | 600 | 58 | |
* | Allegheny Technologies Inc. | 3,200 | 51 |
Shares | Market Value ($000) | ||
* | Turquoise Hill Resources Ltd. | 3,119 | 51 |
Kinross Gold Corp. | 7,300 | 42 | |
American Vanguard Corp. | 2,401 | 39 | |
Minerals Technologies Inc. | 438 | 32 | |
Worthington Industries Inc. | 500 | 27 | |
* | Constellium SE Class A | 1,374 | 25 |
SunCoke Energy Inc. | 3,700 | 24 | |
Ecovyst Inc. | 2,100 | 22 | |
* | TimkenSteel Corp. | 1,100 | 18 |
* | Atotech Ltd. | 700 | 18 |
Ryerson Holding Corp. | 549 | 14 | |
FutureFuel Corp. | 1,500 | 11 | |
Hecla Mining Co. | 1,500 | 8 | |
Haynes International Inc. | 95 | 4 | |
Avient Corp. | 69 | 4 | |
Mercer International Inc. | 300 | 4 | |
Innospec Inc. | 35 | 3 | |
* | LSB Industries Inc. | 298 | 3 |
Chemours Co. | 44 | 2 | |
* | Pretium Resources Inc. | 146 | 2 |
Yamana Gold Inc. | 400 | 2 | |
* | Orion Engineered Carbons SA | 80 | 2 |
* | Ferroglobe plc | 275 | 2 |
ICL Group Ltd. | 227 | 2 | |
Alamos Gold Inc. Class A | 200 | 2 | |
* | Advanced Emissions Solutions Inc. | 191 | 1 |
* | Flotek Industries Inc. | 653 | 1 |
Myers Industries Inc. | 71 | 1 | |
Tredegar Corp. | 100 | 1 | |
Osisko Gold Royalties Ltd. | 100 | 1 | |
* | Novagold Resources Inc. | 100 | 1 |
* | Equinox Gold Corp. | 200 | 1 |
First Majestic Silver Corp. | 100 | 1 | |
* | Gold Standard Ventures Corp. | 1,776 | 1 |
Nexa Resources SA | 116 | 1 | |
* | Cleveland-Cliffs Inc. | 20 | — |
* | IAMGOLD Corp. | 100 | — |
230,778 | |||
Other (0.3%) | |||
SPDR S&P 500 ETF Trust | 83,000 | 39,422 | |
* | Douglas Elliman Inc. | 609 | 7 |
*,2 | Aduro Biotech Inc. CVR | 67 | — |
*,2 | Contra Pfenex Inc. CVR | 200 | — |
*,2 | Achillion Pharma CVR Alexion Pharmaceuticals Inc. | 400 | — |
*,2 | Ferroglobe Unit | 48,731 | — |
*,2 | Contra Strongbridge CVR | 335 | — |
39,429 | |||
Real Estate (2.9%) | |||
Extra Space Storage Inc. | 244,196 | 55,367 | |
Regency Centers Corp. | 670,040 | 50,488 | |
Public Storage | 121,660 | 45,569 | |
Simon Property Group Inc. | 255,804 | 40,870 | |
American Tower Corp. | 106,400 | 31,122 | |
* | CBRE Group Inc. Class A | 255,082 | 27,679 |
Iron Mountain Inc. | 508,294 | 26,599 | |
Ventas Inc. | 448,206 | 22,912 | |
Crown Castle International Corp. | 101,800 | 21,250 |
Shares | Market Value ($000) | ||
Federal Realty Investment Trust | 111,476 | 15,196 | |
Equity Residential | 141,620 | 12,817 | |
Kimco Realty Corp. | 458,250 | 11,296 | |
Apartment Income REIT Corp. | 130,600 | 7,140 | |
AvalonBay Communities Inc. | 25,500 | 6,441 | |
Healthpeak Properties Inc. | 118,800 | 4,288 | |
Mid-America Apartment Communities Inc. | 16,458 | 3,776 | |
Welltower Inc. | 40,900 | 3,508 | |
American Homes 4 Rent Class A | 77,900 | 3,397 | |
SBA Communications Corp. Class A | 8,300 | 3,229 | |
Weyerhaeuser Co. | 64,800 | 2,668 | |
Invitation Homes Inc. | 43,200 | 1,959 | |
* | Host Hotels & Resorts Inc. | 106,600 | 1,854 |
Duke Realty Corp. | 23,700 | 1,556 | |
Alexandria Real Estate Equities Inc. | 6,002 | 1,338 | |
CubeSmart | 20,900 | 1,189 | |
VICI Properties Inc. | 32,187 | 969 | |
Essex Property Trust Inc. | 2,600 | 916 | |
UDR Inc. | 15,200 | 912 | |
Vornado Realty Trust | 19,759 | 827 | |
Innovative Industrial Properties Inc. | 2,268 | 596 | |
Sun Communities Inc. | 2,000 | 420 | |
Spirit Realty Capital Inc. | 6,800 | 328 | |
MGM Growth Properties LLC Class A | 7,300 | 298 | |
LXP Industrial Trust | 15,400 | 241 | |
National Retail Properties Inc. | 4,638 | 223 | |
Equity LifeStyle Properties Inc. | 2,400 | 210 | |
Service Properties Trust | 22,700 | 200 | |
* | Hersha Hospitality Trust Class A | 15,200 | 139 |
CareTrust REIT Inc. | 5,900 | 135 | |
* | Realogy Holdings Corp. | 6,000 | 101 |
Newmark Group Inc. Class A | 5,200 | 97 | |
* | Orion Office REIT Inc. | 4,105 | 77 |
Sabra Health Care REIT Inc. | 5,000 | 68 | |
Brixmor Property Group Inc. | 2,200 | 56 | |
Healthcare Trust of America Inc. Class A | 1,600 | 53 | |
CIM Commercial Trust Corp. | 5,784 | 43 | |
Diversified Healthcare Trust | 13,700 | 42 | |
* | Digitalbridge Group Inc. | 2,800 | 23 |
Tanger Factory Outlet Centers Inc. | 1,000 | 19 | |
Alpine Income Property Trust Inc. | 800 | 16 | |
JBG SMITH Properties | 396 | 11 | |
Life Storage Inc. | 72 | 11 | |
* | Chatham Lodging Trust | 500 | 7 |
Farmland Partners Inc. | 600 | 7 | |
First Industrial Realty Trust Inc. | 69 | 5 | |
Prologis Inc. | 27 | 5 | |
City Office REIT Inc. | 195 | 4 | |
* | CorePoint Lodging Inc. | 189 | 3 |
National Storage Affiliates Trust | 49 | 3 | |
Urban Edge Properties | 171 | 3 | |
Acadia Realty Trust | 98 | 2 | |
* | DiamondRock Hospitality Co. | 160 | 2 |
* | GEO Group Inc. | 200 | 2 |
Getty Realty Corp. | 56 | 2 | |
Gladstone Commercial Corp. | 70 | 2 | |
* | Park Hotels & Resorts Inc. | 100 | 2 |
Physicians Realty Trust | 100 | 2 |
Shares | Market Value ($000) | ||
Retail Opportunity Investments Corp. | 100 | 2 | |
SITE Centers Corp. | 100 | 2 | |
* | Summit Hotel Properties Inc. | 158 | 2 |
Urstadt Biddle Properties Inc. Class A | 99 | 2 | |
* | Cushman & Wakefield plc | 100 | 2 |
SL Green Realty Corp. | 31 | 2 | |
Brandywine Realty Trust | 100 | 1 | |
CorEnergy Infrastructure Trust Inc. | 274 | 1 | |
Empire State Realty Trust Inc. Class A | 100 | 1 | |
Kite Realty Group Trust | 62 | 1 | |
Plymouth Industrial REIT Inc. | 46 | 1 | |
RLJ Lodging Trust | 100 | 1 | |
RMR Group Inc. Class A | 40 | 1 | |
* | Sunstone Hotel Investors Inc. | 100 | 1 |
* | Altisource Portfolio Solutions SA | 100 | 1 |
* | Ashford Hospitality Trust Inc. | 100 | 1 |
Hudson Pacific Properties Inc. | 6 | — | |
Kennedy-Wilson Holdings Inc. | 17 | — | |
Outfront Media Inc. | 2 | — | |
Retail Value Inc. | 70 | — | |
* | Apartment Investment and Management Co. Class A | 18 | — |
410,612 | |||
Utilities (1.5%) | |||
Evergy Inc. | 447,835 | 30,726 | |
Exelon Corp. | 530,171 | 30,623 | |
AES Corp. | 1,167,265 | 28,364 | |
Dominion Energy Inc. | 349,900 | 27,488 | |
FirstEnergy Corp. | 425,930 | 17,714 | |
Duke Energy Corp. | 160,562 | 16,843 | |
DTE Energy Co. | 134,282 | 16,052 | |
NiSource Inc. | 389,711 | 10,760 | |
NRG Energy Inc. | 233,605 | 10,064 | |
WEC Energy Group Inc. | 72,900 | 7,076 | |
American Electric Power Co. Inc. | 38,395 | 3,416 | |
Southern Co. | 36,100 | 2,476 | |
Xcel Energy Inc. | 29,600 | 2,004 | |
CMS Energy Corp. | 26,189 | 1,704 | |
Avangrid Inc. | 24,000 | 1,197 | |
PPL Corp. | 30,370 | 913 | |
Ameren Corp. | 3,900 | 347 | |
Eversource Energy | 1,800 | 164 | |
Alliant Energy Corp. | 2,253 | 138 | |
Brookfield Renewable Corp. Class A | 1,800 | 66 | |
Entergy Corp. | 200 | 22 | |
Sempra Energy (XNYS) | 83 | 11 | |
Public Service Enterprise Group Inc. | 100 | 7 | |
MDU Resources Group Inc. | 57 | 2 | |
Via Renewables Inc. Class A | 162 | 2 | |
Edison International | 9 | 1 | |
208,180 | |||
Total Common Stocks (Cost $8,411,948) | 13,916,799 |
Shares | Market Value ($000) | ||
Temporary Cash Investments (2.0%) | |||
Money Market Fund (2.0%) | |||
3,4 | Vanguard Market Liquidity Fund, 0.090% (Cost $281,730) | 2,818,437 | 281,816 |
Total Investments (99.9%) (Cost $8,693,678) | 14,198,615 | ||
Other Assets and Liabilities—Net (0.1%) | 15,094 | ||
Net Assets (100%) | 14,213,709 | ||
Cost is in $000. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $1,059,000. |
2 | Security value determined using significant unobservable inputs. |
3 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
4 | Collateral of $1,115,000 was received for securities on loan, of which $1,114,000 is held in Vanguard Market Liquidity Fund and $1,000 is held in cash. |
ADR—American Depositary Receipt. | |
CVR—Contingent Value Rights. | |
REIT—Real Estate Investment Trust. |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini S&P 500 Index | March 2022 | 1,201 | 285,748 | 7,447 |
A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been materially affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.
B. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objective of maintaining full exposure to the stock market while maintaining liquidity. The fund may purchase or sell futures contracts to achieve a desired level of investment, whether to accommodate portfolio turnover or cash flows from capital share transactions. 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 December 31, 2021, based on the inputs used to value them:
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 13,916,799 | — | — | 13,916,799 |
Temporary Cash Investments | 281,816 | — | — | 281,816 |
Total | 14,198,615 | — | — | 14,198,615 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 7,447 | — | — | 7,447 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. |