UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-05251
Fidelity Concord Street Trust
(Exact name of registrant as specified in charter)
245 Summer St., Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)
Cynthia Lo Bessette, Secretary
245 Summer St.
Boston, Massachusetts 02210
(Name and address of agent for service)
Registrant's telephone number, including area code:
617-563-7000
Date of fiscal year end: | November 30 |
Date of reporting period: | November 30, 2021 |
Item 1.
Reports to Stockholders
Fidelity® Nasdaq Composite Index® Fund
November 30, 2021
Contents
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You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.
Nasdaq®, Nasdaq Composite Index®, Nasdaq Composite®, and The Nasdaq Stock Market®, are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Fidelity. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).
Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.
Other third-party marks appearing herein are the property of their respective owners.
All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2022 FMR LLC. All rights reserved.
This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. This report is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.
A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-PORT. Forms N-PORT are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-PORT may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.
For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.
NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE
Neither the Fund nor Fidelity Distributors Corporation is a bank.
Note to Shareholders:
Early in 2020, the outbreak and spread of COVID-19 emerged as a public health emergency that had a major influence on financial markets, primarily based on its impact on the global economy and corporate earnings. On March 11, 2020, the World Health Organization declared the COVID-19 outbreak a pandemic, citing sustained risk of further global spread. The pandemic prompted a number of measures to limit the spread of COVID-19, including travel and border restrictions, quarantines, and restrictions on large gatherings. In turn, these resulted in lower consumer activity, diminished demand for a wide range of products and services, disruption in manufacturing and supply chains, and – given the wide variability in outcomes regarding the outbreak – significant market uncertainty and volatility. To help stem the turmoil, the U.S. government took unprecedented action – in concert with the U.S. Federal Reserve and central banks around the world – to help support consumers, businesses, and the broader economy, and to limit disruption to the financial system.
In general, the overall impact of the pandemic lessened in 2021, amid a resilient economy and widespread distribution of three COVID-19 vaccines granted emergency use authorization from the U.S. Food and Drug Administration (FDA) early in the year. Still, the situation remains dynamic, and the extent and duration of its influence on financial markets and the economy is highly uncertain, due in part to a recent spike in cases based on highly contagious variants of the coronavirus.
Extreme events such as the COVID-19 crisis are exogenous shocks that can have significant adverse effects on mutual funds and their investments. Although multiple asset classes may be affected by market disruption, the duration and impact may not be the same for all types of assets. Fidelity is committed to helping you stay informed amid news about COVID-19 and during increased market volatility, and we continue to take extra steps to be responsive to customer needs. We encourage you to visit us online, where we offer ongoing updates, commentary, and analysis on the markets and our funds.
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
For the periods ended November 30, 2021 | Past 1 year | Past 5 years | Past 10 years |
Fidelity® Nasdaq Composite Index® Fund | 28.18% | 24.85% | 20.61% |
$10,000 Over 10 Years
Let's say hypothetically that $10,000 was invested in Fidelity® Nasdaq Composite Index® Fund on November 30, 2011.
The chart shows how the value of your investment would have changed, and also shows how the Nasdaq Composite Index® performed over the same period.
Period Ending Values | ||
$65,126 | Fidelity® Nasdaq Composite Index® Fund | |
$66,202 | Nasdaq Composite Index® |
Management's Discussion of Fund Performance
Market Recap: The S&P 500® index gained 27.92% for the 12 months ending November 30, 2021, with U.S. equities rising on the prospect of a surge in economic growth amid strong corporate earnings, widespread COVID-19 vaccination, fiscal stimulus and fresh spending programs. After the index closed 2020 at an all-time high, investors were hopeful as the new year began. The rollout of three COVID-19 vaccines was underway, the U.S. Federal Reserve pledged to hold interest rates near zero until the economy recovered, and the federal government planned to deploy trillions of dollars to boost consumers and the economy. A flattish May reflected concerns about inflation and jobs, but the rally resumed through August amid strong earnings. In early September, sentiment turned broadly negative due to a host of factors. These included inflationary pressure from surging energy/other commodity prices, rising bond yields, supply constraints and disruption, valuation concerns, and the fast-spreading delta variant of the coronavirus. In addition, the Fed signaled it could soon begin to taper the bond purchases it has made since the onset of the pandemic. The index returned -4.65% in September, its first monthly decline since January, but sharply reversed course with a 7.01% gain in October, driven by strength in earnings and notable improvement in the economy. By sector, energy gained about 57% to lead by a wide margin, followed by financials (+39%), whereas the defensive utilities (+8%) and consumer staples (+9%) groups notably lagged.Comments from the Geode Capital Management, LLC, passive equity index team: For the fiscal year ending November 30, 2021, the fund gained 28.18%, roughly in line with the 28.20% advance of the benchmark NASDAQ Composite Index. By sector, information technology gained about 40% and contributed most, followed by consumer discretionary, which gained 25%, and communication services, which advanced 26%, lifted by the media & entertainment industry (+29%). The financials sector rose about 36%, consumer staples gained roughly 17%, and industrials advanced roughly 14%. Other notable contributors included the health care (+3%), energy (+79%), real estate (+8%), utilities (+10%), and materials (+10%) sectors. Turning to individual stocks, the top contributor was Microsoft (+56%), from the software & services segment, followed by Apple (+40%), within the technology hardware & equipment group. In media & entertainment, Alphabet advanced 62% and Tesla (+102%) from the automobiles & components industry also helped. Nvidia, within the semiconductors & semiconductor equipment category, rose 144% and boosted the fund. In contrast, the biggest individual detractor was Zoom Video Communications (-56%), from the software & services industry, followed by PayPal (-14%), which is in the software & services segment. Within telecommunication services, T-Mobile returned -18% and hurt. Other detractors were Pinduoduo (-52%), a stock in the retailing group, and Peloton Interactive (-61%), from the consumer durables & apparel category.The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Investment Summary (Unaudited)
Top Ten Stocks as of November 30, 2021
% of fund's net assets | |
Apple, Inc. | 10.7 |
Microsoft Corp. | 9.7 |
Amazon.com, Inc. | 6.9 |
Tesla, Inc. | 4.5 |
Alphabet, Inc. Class C | 3.6 |
Alphabet, Inc. Class A | 3.3 |
NVIDIA Corp. | 3.2 |
Meta Platforms, Inc. Class A | 3.1 |
Adobe, Inc. | 1.3 |
Netflix, Inc. | 1.1 |
47.4 |
Top Market Sectors as of November 30, 2021
% of fund's net assets | |
Information Technology | 43.8 |
Consumer Discretionary | 17.3 |
Communication Services | 15.4 |
Health Care | 8.6 |
Financials | 4.5 |
Industrials | 4.1 |
Consumer Staples | 3.3 |
Real Estate | 0.9 |
Utilities | 0.6 |
Energy | 0.4 |
Asset Allocation (% of fund's net assets)
As of November 30, 2021 * | ||
Stocks and Equity Futures | 100.0% |
* Foreign investments - 4.6%
Schedule of Investments November 30, 2021
Showing Percentage of Net Assets
Common Stocks - 99.2% | |||
Shares | Value | ||
COMMUNICATION SERVICES - 15.4% | |||
Diversified Telecommunication Services - 0.2% | |||
Anterix, Inc. (a) | 9,410 | $566,106 | |
AST SpaceMobile, Inc. (a) | 27,143 | 270,344 | |
ATN International, Inc. | 7,220 | 275,876 | |
Bandwidth, Inc. (a) | 10,180 | 729,499 | |
Cogent Communications Group, Inc. | 25,499 | 1,910,640 | |
Consolidated Communications Holdings, Inc. (a) | 33,337 | 250,694 | |
Cuentas, Inc. (a) | 6,700 | 13,400 | |
EchoStar Holding Corp. Class A (a)(b) | 23,662 | 647,629 | |
Frontier Communications Parent, Inc. | 135,139 | 4,514,994 | |
Iridium Communications, Inc. (a) | 76,099 | 2,926,007 | |
Liberty Global PLC: | |||
Class A (a) | 107,207 | 2,830,265 | |
Class B (a) | 327 | 9,006 | |
Class C (a) | 209,719 | 5,586,914 | |
Liberty Latin America Ltd.: | |||
Class A (a) | 18,852 | 214,159 | |
Class C (a) | 108,236 | 1,216,573 | |
Orbsat Corp. (a) | 37,686 | 154,136 | |
Radius Global Infrastructure, Inc. (a) | 52,153 | 860,525 | |
Sify Technologies Ltd. sponsored ADR (a)(b) | 13,702 | 50,697 | |
Telesat Corp. (b) | 11,163 | 343,597 | |
23,371,061 | |||
Entertainment - 1.9% | |||
Activision Blizzard, Inc. | 431,507 | 25,286,310 | |
Bilibili, Inc. ADR (a)(b) | 109,527 | 7,229,877 | |
Blue Hat Interactive Entertainment Technology (a)(b) | 13,117 | 6,918 | |
Chicken Soup For The Soul Entertainment, Inc. (a) | 2,911 | 38,280 | |
Cinedigm Corp. (a) | 80,948 | 118,994 | |
CuriosityStream, Inc. Class A (a)(b) | 14,288 | 103,588 | |
Dolphin Entertainment, Inc. (a)(b) | 1,963 | 17,196 | |
Electronic Arts, Inc. | 158,875 | 19,735,453 | |
Engine Gaming & Media, Inc. (a)(b) | 5,410 | 20,991 | |
Gaia, Inc. Class A (a)(b) | 13,031 | 111,154 | |
GigaMedia Ltd. (a) | 1,957 | 4,873 | |
Gravity Co. Ltd. ADR (a)(b) | 1,840 | 144,458 | |
Grom Social Enterprises, Inc. (b) | 33,010 | 74,273 | |
iQIYI, Inc. ADR (a)(b) | 16,218 | 101,200 | |
Liquid Media Group Ltd. (a)(b) | 14,232 | 17,648 | |
LiveOne, Inc. (a) | 40,255 | 73,667 | |
Lizhi, Inc. ADR (a)(b) | 12,605 | 26,723 | |
Motorsport Games, Inc. Class A (b) | 5,642 | 52,809 | |
NetEase, Inc. ADR | 167,366 | 18,030,339 | |
Netflix, Inc. (a) | 246,177 | 158,021,016 | |
Nexters, Inc. (b) | 26,804 | 192,989 | |
Playstudios, Inc. Class A (a) | 49,897 | 223,539 | |
Playtika Holding Corp. | 227,853 | 3,919,072 | |
Reading International, Inc. Class A (a) | 19,966 | 81,262 | |
Redbox Entertainment, Inc. (b) | 2,225 | 26,433 | |
Reservoir Media, Inc. (b) | 11,853 | 88,305 | |
Roku, Inc. Class A (a) | 63,500 | 14,453,235 | |
Scienjoy Holding Corp. (a)(b) | 14,618 | 88,439 | |
Sciplay Corp. (A Shares) (a) | 15,716 | 252,399 | |
Take-Two Interactive Software, Inc. (a) | 64,280 | 10,662,766 | |
The9 Ltd. sponsored ADR (a)(b) | 1,624 | 16,224 | |
Versus Systems, Inc. (a)(b) | 3,758 | 10,372 | |
Warner Music Group Corp. Class A | 67,760 | 2,936,041 | |
Zynga, Inc. (a) | 607,231 | 3,661,603 | |
265,828,446 | |||
Interactive Media & Services - 10.6% | |||
36Kr Holdings, Inc. ADR (a)(b) | 1,078 | 1,477 | |
9F, Inc. ADR (a)(b) | 42,546 | 54,033 | |
Alphabet, Inc.: | |||
Class A (a) | 165,513 | 469,717,618 | |
Class C (a) | 176,013 | 501,468,078 | |
Angi, Inc. (a)(b) | 45,307 | 435,400 | |
Autoweb, Inc. (a)(b) | 8,678 | 25,860 | |
Baidu, Inc. sponsored ADR (a) | 143,906 | 21,562,875 | |
BlueCity Holdings Ltd. ADR (a)(b) | 6,158 | 11,146 | |
Bumble, Inc. (b) | 9,009 | 308,648 | |
CarGurus, Inc. Class A (a) | 54,988 | 2,062,050 | |
Creatd, Inc. (a)(b) | 29,499 | 74,337 | |
Enthusiast Gaming Holdings, Inc. (b) | 41,700 | 167,217 | |
EverQuote, Inc. Class A (a) | 4,250 | 56,015 | |
Fangdd Network Group Ltd. ADR (a)(b) | 11,938 | 7,755 | |
Glory Star New Media Group Holdings Ltd. (a)(b) | 31,038 | 43,453 | |
Hello Group, Inc. ADR | 89,497 | 1,035,480 | |
IAC (a) | 46,263 | 6,183,050 | |
Izea Worldwide, Inc. (a)(b) | 31,302 | 51,022 | |
JOYY, Inc. ADR | 19,935 | 1,020,672 | |
Kanzhun Ltd. ADR (b) | 30,651 | 980,219 | |
Kubient, Inc. (a) | 6,524 | 16,636 | |
Liberty TripAdvisor Holdings, Inc. (a) | 44,349 | 95,794 | |
Luokung Technology Corp. (a)(b) | 210,130 | 180,712 | |
Match Group, Inc. (a) | 150,097 | 19,511,109 | |
Meta Platforms, Inc. Class A (a) | 1,327,149 | 430,606,765 | |
Outbrain, Inc. | 8,394 | 126,665 | |
Professional Diversity Network, Inc. (a)(b) | 1,922 | 1,980 | |
QuinStreet, Inc. (a) | 27,593 | 422,449 | |
Qutoutiao, Inc. ADR (a)(b) | 9,704 | 5,822 | |
Sohu.Com Ltd. ADR (a) | 24,154 | 407,478 | |
Super League Gaming, Inc. (a)(b) | 10,938 | 34,455 | |
Taboola.com Ltd. (b) | 102,718 | 807,363 | |
Travelzoo, Inc. (a) | 6,862 | 64,297 | |
TripAdvisor, Inc. (a) | 68,735 | 1,777,487 | |
Trivago NV ADR (a)(b) | 43,707 | 93,533 | |
TrueCar, Inc. (a) | 56,073 | 184,480 | |
Vimeo, Inc. | 71,664 | 1,383,832 | |
Weibo Corp. sponsored ADR (a) | 41,806 | 1,664,297 | |
Yandex NV Series A (a)(b) | 177,841 | 12,793,882 | |
Ziff Davis, Inc. (a) | 25,296 | 2,880,456 | |
Zoominfo Technologies, Inc. (a) | 205,961 | 12,707,794 | |
1,491,033,691 | |||
Media - 2.1% | |||
Advantage Solutions, Inc. Class A (a) | 177,154 | 1,280,823 | |
AirNet Technology, Inc. ADR (a)(b) | 5,468 | 11,702 | |
AMC Networks, Inc. Class A (a) | 16,393 | 632,934 | |
Baosheng Media Group Holding Ltd. (b) | 3,117 | 3,959 | |
Beasley Broadcast Group, Inc. Class A (a) | 286,682 | 561,897 | |
Boston Omaha Corp. (a) | 14,481 | 414,881 | |
Cardlytics, Inc. (a)(b) | 18,078 | 1,221,711 | |
Charter Communications, Inc. Class A (a) | 104,666 | 67,643,542 | |
Comcast Corp. Class A | 2,543,630 | 127,130,627 | |
comScore, Inc. (a) | 21,501 | 74,608 | |
Criteo SA sponsored ADR (a) | 32,862 | 1,234,297 | |
Cumulus Media, Inc. (a) | 11,565 | 140,746 | |
Daily Journal Corp. (a) | 1,070 | 389,822 | |
Discovery Communications, Inc.: | |||
Class A (a) | 97,609 | 2,271,361 | |
Class B (a)(b) | 338 | 11,837 | |
Class C (non-vtg.) (a) | 179,313 | 4,072,198 | |
DISH Network Corp. Class A (a) | 159,562 | 4,986,313 | |
E.W. Scripps Co. Class A | 39,165 | 725,727 | |
Fluent, Inc. (a) | 46,702 | 86,866 | |
Fox Corp.: | |||
Class A | 190,031 | 6,786,007 | |
Class B | 131,677 | 4,424,347 | |
Gambling.com Group Ltd. (b) | 13,722 | 151,903 | |
Hemisphere Media Group, Inc. (a) | 12,950 | 98,420 | |
iClick Interactive Asia Group Ltd. (A Shares) ADR (a)(b) | 24,951 | 165,425 | |
iHeartMedia, Inc. (a) | 60,774 | 1,191,778 | |
Insignia Systems, Inc. (a)(b) | 1,817 | 9,630 | |
Integral Ad Science Holding Corp. | 82,513 | 1,851,592 | |
Lee Enterprises, Inc. (a) | 2,469 | 61,256 | |
Liberty Broadband Corp.: | |||
Class A (a) | 16,790 | 2,545,028 | |
Class C (a) | 86,701 | 13,425,650 | |
Liberty Media Corp.: | |||
Liberty Braves Class A (a) | 14,692 | 409,466 | |
Liberty Braves Class C (a) | 16,026 | 440,875 | |
Liberty Formula One Group Series C (a) | 111,860 | 6,814,511 | |
Liberty Media Class A (a) | 14,368 | 827,740 | |
Liberty SiriusXM Series A (a) | 56,950 | 2,779,160 | |
Liberty SiriusXM Series C (a) | 128,678 | 6,296,215 | |
Magnite, Inc. (a)(b) | 72,108 | 1,271,264 | |
Marchex, Inc. Class B (a) | 34,542 | 86,700 | |
Mediaco Holding, Inc. (a)(b) | 911 | 4,464 | |
National CineMedia, Inc. | 42,414 | 118,759 | |
News Corp.: | |||
Class A | 214,018 | 4,627,069 | |
Class B | 111,410 | 2,400,886 | |
Nexstar Broadcasting Group, Inc. Class A | 24,021 | 3,591,140 | |
Nextplay Technologies, Inc. (a)(b) | 42,448 | 44,995 | |
Perion Network Ltd. (a) | 18,565 | 448,345 | |
PubMatic, Inc. | 5,698 | 224,330 | |
Saga Communications, Inc. Class A | 1,013 | 24,160 | |
Salem Communications Corp. Class A (a) | 18,198 | 52,592 | |
Scholastic Corp. | 19,973 | 751,784 | |
Sinclair Broadcast Group, Inc. Class A | 30,567 | 713,128 | |
Sirius XM Holdings, Inc. (b) | 2,263,397 | 13,806,722 | |
Stagwell, Inc. | 36,384 | 280,884 | |
TechTarget, Inc. (a) | 15,882 | 1,534,678 | |
Thryv Holdings, Inc. (a) | 18,106 | 707,764 | |
Tremor International Ltd. ADR (b) | 2,322 | 35,527 | |
Troika Media Group, Inc. | 13,068 | 19,471 | |
TuanChe Ltd. ADR (A Shares) (a)(b) | 5,969 | 11,699 | |
Urban One, Inc.: | |||
Class A (a)(b) | 4,568 | 23,160 | |
Class D (non-vtg.) (a) | 21,932 | 73,692 | |
ViacomCBS, Inc.: | |||
Class A (b) | 19,588 | 653,456 | |
Class B | 332,823 | 10,300,872 | |
WiMi Hologram Cloud, Inc. ADR (a)(b) | 28,988 | 118,561 | |
Xcel Brands, Inc. (a) | 4,288 | 5,789 | |
ZW Data Action Technologies, Inc. (a)(b) | 12,732 | 14,514 | |
303,121,259 | |||
Wireless Telecommunication Services - 0.6% | |||
Gogo, Inc. (a) | 62,035 | 795,289 | |
Millicom International Cellular SA (a) | 57,155 | 1,783,808 | |
NII Holdings, Inc. (a)(c) | 5,182 | 1,347 | |
Partner Communications Co. Ltd. ADR (a) | 3,584 | 22,973 | |
Shenandoah Telecommunications Co. | 28,888 | 733,466 | |
Spok Holdings, Inc. | 20,912 | 201,801 | |
SurgePays, Inc. (a)(b) | 26,205 | 64,202 | |
T-Mobile U.S., Inc. (a) | 691,895 | 75,285,095 | |
uCloudlink Group, Inc. ADR (a)(b) | 4,076 | 10,842 | |
VEON Ltd. sponsored ADR (a) | 816,234 | 1,412,085 | |
Vodafone Group PLC sponsored ADR | 210,517 | 3,090,390 | |
83,401,298 | |||
TOTAL COMMUNICATION SERVICES | 2,166,755,755 | ||
CONSUMER DISCRETIONARY - 17.3% | |||
Auto Components - 0.2% | |||
China Automotive Systems, Inc. (a)(b) | 19,314 | 59,294 | |
Dorman Products, Inc. (a) | 17,959 | 1,993,090 | |
Foresight Autonomous Holdings Ltd. ADR (a)(b) | 2,169 | 4,750 | |
Fox Factory Holding Corp. (a) | 23,255 | 4,087,531 | |
Garrett Motion, Inc. (a)(b) | 40,129 | 283,311 | |
Gentex Corp. | 133,358 | 4,591,516 | |
Gentherm, Inc. (a) | 17,553 | 1,482,351 | |
Kandi Technolgies, Inc. (a)(b) | 39,238 | 149,497 | |
Luminar Technologies, Inc. (a)(b) | 128,989 | 2,102,521 | |
Motorcar Parts of America, Inc. (a) | 12,691 | 203,564 | |
Patrick Industries, Inc. | 13,038 | 1,040,041 | |
REE Automotive Ltd. (b) | 82,395 | 341,115 | |
Strattec Security Corp. (a) | 1,858 | 67,966 | |
Sypris Solutions, Inc. (a)(b) | 6,622 | 17,747 | |
The Goodyear Tire & Rubber Co. (a) | 155,651 | 3,130,142 | |
Visteon Corp. (a) | 15,401 | 1,631,274 | |
Worksport Ltd. (a)(b) | 73,432 | 294,462 | |
XPEL, Inc. (a) | 15,108 | 1,086,114 | |
22,566,286 | |||
Automobiles - 5.3% | |||
Arcimoto, Inc. (a)(b) | 34,682 | 354,797 | |
Arrival SA (b) | 235,060 | 2,207,213 | |
AYRO, Inc. (a) | 18,733 | 42,337 | |
Canoo, Inc. (a)(b) | 128,439 | 1,537,415 | |
ElectraMeccanica Vehicles Corp. (a)(b) | 60,611 | 179,409 | |
Electric Last Mile Solutions, Inc. (a)(b) | 69,404 | 550,374 | |
Faraday Future Intelligent Electric, Inc. (a)(b) | 94,239 | 579,570 | |
Li Auto, Inc. ADR (a) | 225,617 | 7,995,866 | |
Lordstown Motors Corp. Class A (a)(b) | 194,729 | 911,332 | |
Lucid Group, Inc. Class A (a)(b) | 895,345 | 47,435,378 | |
Niu Technologies ADR (a)(b) | 23,756 | 483,197 | |
Rivian Automotive, Inc. | 470,000 | 56,287,200 | |
Tesla, Inc. (a) | 551,492 | 631,325,982 | |
Workhorse Group, Inc. (a)(b) | 39,474 | 230,528 | |
750,120,598 | |||
Distributors - 0.2% | |||
Educational Development Corp. | 7,081 | 64,933 | |
Funko, Inc. (a) | 21,098 | 344,741 | |
Kaival Brands Innovations Group, Inc. (b) | 31,106 | 37,016 | |
LKQ Corp. | 168,020 | 9,392,318 | |
Pool Corp. | 22,268 | 12,339,144 | |
Weyco Group, Inc. | 6,799 | 167,459 | |
22,345,611 | |||
Diversified Consumer Services - 0.1% | |||
2U, Inc. (a)(b) | 41,387 | 984,597 | |
Afya Ltd. (a) | 26,135 | 369,810 | |
American Public Education, Inc. (a) | 10,578 | 199,818 | |
Amesite, Inc. (a)(b) | 8,501 | 10,201 | |
Arco Platform Ltd. Class A (a)(b) | 2,642 | 49,458 | |
Aspen Group, Inc. (a)(b) | 13,497 | 41,571 | |
ATA Creativity Global ADR (a) | 4,528 | 7,516 | |
China Liberal Education Holdings Ltd. (a)(b) | 48,266 | 84,466 | |
Duolingo, Inc. (b) | 6,000 | 661,140 | |
Elite Education Group International Ltd. (b) | 1,797 | 6,415 | |
European Wax Center, Inc. | 10,226 | 275,795 | |
Frontdoor, Inc. (a) | 47,662 | 1,647,199 | |
Grand Canyon Education, Inc. (a) | 26,726 | 1,936,833 | |
Hailiang Education Group, Inc. ADR (a)(b) | 2,666 | 50,654 | |
Houghton Mifflin Harcourt Co. (a) | 73,089 | 1,137,265 | |
Laureate Education, Inc. Class A | 65,299 | 652,990 | |
Lincoln Educational Services Corp. (a) | 18,674 | 131,652 | |
OneSpaWorld Holdings Ltd. (a)(b) | 39,121 | 368,911 | |
Perdoceo Education Corp. (a) | 37,144 | 365,868 | |
RISE Education Cayman Ltd. ADR (a)(b) | 9,767 | 5,764 | |
Rover Group, Inc. Class A (b) | 33,620 | 346,958 | |
Skillful Craftsman Education Technology Ltd. (a)(b) | 6,452 | 7,871 | |
Strategic Education, Inc. (b) | 13,286 | 710,801 | |
Udemy, Inc. | 70,000 | 1,924,300 | |
Vasta Platform Ltd. (a) | 9,735 | 22,098 | |
Vitru Ltd. (a)(b) | 12,318 | 172,698 | |
Wah Fu Education Group Ltd. (a)(b) | 1,782 | 8,233 | |
WW International, Inc. (a) | 37,856 | 636,738 | |
Xpresspa Group, Inc. (a)(b) | 121,824 | 218,065 | |
Zhongchao, Inc. (a)(b) | 5,917 | 11,361 | |
Zovio, Inc. (a) | 7,483 | 10,252 | |
13,057,298 | |||
Hotels, Restaurants & Leisure - 1.9% | |||
Airbnb, Inc. Class A | 186,379 | 32,157,833 | |
Allied Esports Entertainment, Inc. (a)(b) | 17,647 | 32,647 | |
BBQ Holdings, Inc. (a) | 4,432 | 57,128 | |
BJ's Restaurants, Inc. (a) | 13,822 | 412,725 | |
Bloomin' Brands, Inc. (a) | 47,883 | 846,093 | |
Booking Holdings, Inc. (a) | 22,794 | 47,909,569 | |
Bragg Gaming Group, Inc. (a)(b) | 1,531 | 9,400 | |
BurgerFi International, Inc. (a)(b) | 9,417 | 61,493 | |
Caesars Entertainment, Inc. (a) | 115,762 | 10,426,683 | |
Carrols Restaurant Group, Inc. | 24,770 | 70,842 | |
Century Casinos, Inc. (a) | 16,194 | 211,332 | |
Churchill Downs, Inc. | 21,349 | 4,786,873 | |
Chuy's Holdings, Inc. (a) | 9,648 | 276,512 | |
Cracker Barrel Old Country Store, Inc. | 13,041 | 1,591,263 | |
Dave & Buster's Entertainment, Inc. (a) | 26,022 | 845,195 | |
Del Taco Restaurants, Inc. | 26,399 | 202,216 | |
Denny's Corp. (a) | 38,087 | 527,505 | |
DraftKings, Inc. Class A (a)(b) | 219,751 | 7,592,397 | |
El Pollo Loco Holdings, Inc. (a) | 18,467 | 233,054 | |
Elys Game Technology Corp. (a)(b) | 11,486 | 42,154 | |
Esports Entertainment Group, Inc. (a)(b) | 10,135 | 51,283 | |
Esports Technologies, Inc. (b) | 6,743 | 195,142 | |
Expedia, Inc. (a) | 78,430 | 12,634,289 | |
FAT Brands, Inc.: | |||
Class A (b) | 5,101 | 50,908 | |
Class B (b) | 53,810 | 618,277 | |
Fiesta Restaurant Group, Inc. (a) | 12,322 | 114,964 | |
Full House Resorts, Inc. (a) | 16,206 | 145,206 | |
GAN Ltd. (a) | 21,916 | 211,928 | |
Golden Entertainment, Inc. (a) | 16,184 | 743,007 | |
Golden Nugget Online Gaming, Inc. (a) | 30,268 | 377,442 | |
Good Times Restaurants, Inc. (a) | 9,092 | 41,005 | |
Hall of Fame Resort & Entertainment Co. (a)(b) | 57,261 | 106,505 | |
Huazhu Group Ltd. ADR (a) | 86,716 | 3,427,016 | |
Inspired Entertainment, Inc. (a)(b) | 15,862 | 204,461 | |
Jack in the Box, Inc. | 12,571 | 1,038,365 | |
Krispy Kreme, Inc. (b) | 90,430 | 1,315,757 | |
Kura Sushi U.S.A., Inc. Class A (a) | 4,116 | 261,778 | |
Lindblad Expeditions Holdings (a) | 29,723 | 416,419 | |
Lottery.Com, Inc. (a)(b) | 12,219 | 81,379 | |
MakeMyTrip Ltd. (a) | 37,977 | 924,740 | |
Marriott International, Inc. Class A (a) | 180,450 | 26,627,202 | |
Melco Crown Entertainment Ltd. sponsored ADR (a) | 108,974 | 1,063,586 | |
Monarch Casino & Resort, Inc. (a) | 10,263 | 691,418 | |
Muscle Maker, Inc. (a)(b) | 84,646 | 89,725 | |
Nathan's Famous, Inc. | 3,678 | 226,344 | |
NeoGames SA | 14,676 | 489,004 | |
Noodles & Co. (a) | 27,889 | 286,978 | |
Papa John's International, Inc. | 19,976 | 2,435,474 | |
Penn National Gaming, Inc. (a) | 92,973 | 4,763,007 | |
Playa Hotels & Resorts NV (a) | 89,710 | 638,735 | |
Portillo's, Inc. (b) | 18,032 | 734,804 | |
Potbelly Corp. (a) | 12,369 | 65,927 | |
Rave Restaurant Group, Inc. (a) | 5,714 | 7,085 | |
RCI Hospitality Holdings, Inc. | 5,507 | 348,648 | |
Red Robin Gourmet Burgers, Inc. (a) | 10,497 | 171,101 | |
Red Rock Resorts, Inc. | 40,224 | 1,912,249 | |
Ruth's Hospitality Group, Inc. (a) | 22,375 | 380,375 | |
Scientific Games Corp. Class A (a) | 53,198 | 3,400,416 | |
Sportradar Holding AG | 108,500 | 1,747,935 | |
Starbucks Corp. | 653,823 | 71,685,154 | |
Target Hospitality Corp. (a) | 58,530 | 215,976 | |
Texas Roadhouse, Inc. Class A | 38,296 | 3,176,270 | |
The Cheesecake Factory, Inc. (a) | 25,493 | 976,892 | |
The ONE Group Hospitality, Inc. (a)(b) | 15,063 | 197,476 | |
Trip.com Group Ltd. ADR (a) | 292,158 | 8,034,345 | |
Tuniu Corp. Class A sponsored ADR (a) | 16,132 | 14,845 | |
Wendy's Co. | 121,893 | 2,508,558 | |
Wingstop, Inc. | 16,489 | 2,648,133 | |
Wynn Resorts Ltd. (a) | 64,041 | 5,187,961 | |
Yatra Online, Inc. (a) | 14,712 | 29,571 | |
272,007,979 | |||
Household Durables - 0.3% | |||
Aterian, Inc. (a)(b) | 25,432 | 124,108 | |
Bassett Furniture Industries, Inc. | 4,416 | 67,300 | |
Cavco Industries, Inc. (a) | 5,108 | 1,519,579 | |
Cricut, Inc. (b) | 10,162 | 253,745 | |
Dixie Group, Inc. (a) | 9,905 | 62,005 | |
Dream Finders Homes, Inc. (b) | 17,179 | 288,092 | |
Flexsteel Industries, Inc. | 3,070 | 87,127 | |
Garmin Ltd. | 106,649 | 14,241,907 | |
GoPro, Inc. Class A (a) | 70,308 | 703,080 | |
Green Brick Partners, Inc. (a) | 28,580 | 713,071 | |
Helen of Troy Ltd. (a) | 13,721 | 3,299,901 | |
Hooker Furnishings Corp. | 6,220 | 147,663 | |
iRobot Corp. (a)(b) | 15,616 | 1,185,411 | |
Koss Corp. (a)(b) | 4,327 | 60,708 | |
Landsea Homes Corp. (a) | 25,608 | 194,365 | |
Legacy Housing Corp. (a) | 11,580 | 289,153 | |
LGI Homes, Inc. (a) | 13,970 | 2,006,930 | |
Lifetime Brands, Inc. | 13,509 | 219,386 | |
Live Ventures, Inc. (a) | 1,095 | 37,734 | |
Lovesac (a)(b) | 8,426 | 533,197 | |
Nephros, Inc. (a) | 3,085 | 21,441 | |
Newell Brands, Inc. | 235,512 | 5,056,443 | |
Nova LifeStyle, Inc. (a)(b) | 6,916 | 13,348 | |
Purple Innovation, Inc. (a)(b) | 20,267 | 209,155 | |
Snap One Holdings Corp. | 39,800 | 873,212 | |
Sonos, Inc. (a) | 69,375 | 2,195,719 | |
Universal Electronics, Inc. (a) | 7,603 | 275,229 | |
Viomi Technology Co. Ltd. ADR Class A (a)(b) | 21,467 | 65,045 | |
VOXX International Corp. (a) | 13,480 | 138,709 | |
Vuzix Corp. (a)(b) | 34,442 | 370,940 | |
ZAGG, Inc. rights (a)(c) | 14,972 | 1,347 | |
35,255,050 | |||
Internet & Direct Marketing Retail - 8.0% | |||
1-800-FLOWERS.com, Inc. Class A (a)(b) | 21,092 | 628,120 | |
Amazon.com, Inc. (a) | 278,436 | 976,494,543 | |
Baozun, Inc. sponsored ADR (a) | 15,084 | 208,008 | |
Betterware de Mexico SAPI de CV (a) | 19,877 | 518,193 | |
CarParts.com, Inc. (a)(b) | 26,339 | 325,813 | |
ContextLogic, Inc. (b) | 430,169 | 1,604,530 | |
Dada Nexus Ltd. ADR (a) | 43,014 | 777,263 | |
Digital Brands Group, Inc. (b) | 5,316 | 14,619 | |
Duluth Holdings, Inc. (a) | 13,890 | 192,654 | |
eBay, Inc. | 377,721 | 25,481,059 | |
Etsy, Inc. (a) | 70,577 | 19,379,033 | |
Future FinTech Group, Inc. (a)(b) | 39,457 | 61,947 | |
Global-e Online Ltd. | 78,865 | 5,239,791 | |
Groupon, Inc. (a)(b) | 15,919 | 328,887 | |
iPower, Inc. (b) | 15,837 | 46,878 | |
JD.com, Inc. sponsored ADR (a) | 447,494 | 37,638,720 | |
Jowell Global Ltd. (b) | 11,744 | 112,742 | |
Just Eat Takeaway.com NV ADR (b) | 95,424 | 1,188,983 | |
Lands' End, Inc. (a) | 18,511 | 425,938 | |
Liquidity Services, Inc. (a) | 20,910 | 474,030 | |
MercadoLibre, Inc. (a) | 27,672 | 32,885,682 | |
Molecular Data, Inc. ADR (a)(b) | 27,017 | 6,835 | |
Moxian (BVI), Inc. (b) | 7,230 | 32,101 | |
Newegg Commerce, Inc. (a)(b) | 145,223 | 2,676,460 | |
Oriental Culture Holding Ltd. (b) | 8,674 | 37,819 | |
Overstock.com, Inc. (a)(b) | 23,881 | 2,131,618 | |
Ozon Holdings PLC ADR (b) | 30,966 | 1,247,620 | |
PetMed Express, Inc. (b) | 11,354 | 310,645 | |
Pinduoduo, Inc. ADR (a) | 204,522 | 13,600,713 | |
Points International Ltd. (a) | 12,126 | 201,049 | |
Porch Group, Inc. Class A (a) | 57,115 | 1,201,700 | |
Poshmark, Inc. (b) | 11,468 | 217,663 | |
Qurate Retail, Inc. (b) | 1,734 | 14,652 | |
Qurate Retail, Inc. Series A | 232,908 | 1,863,264 | |
Remark Holdings, Inc. (a)(b) | 47,241 | 53,382 | |
RumbleON, Inc. Class B (a) | 1,718 | 67,775 | |
Secoo Holding Ltd. ADR (a)(b) | 8,591 | 5,541 | |
Stitch Fix, Inc. (a) | 33,939 | 845,081 | |
The RealReal, Inc. (a) | 50,382 | 784,448 | |
thredUP, Inc. (a)(b) | 15,800 | 295,776 | |
Trxade Health, Inc. (a) | 15,392 | 50,948 | |
Uxin Ltd. ADR (a)(b) | 133,417 | 294,852 | |
Waitr Holdings, Inc. (a)(b) | 61,095 | 65,983 | |
Xometry, Inc. (b) | 1,770 | 87,987 | |
1,130,121,345 | |||
Leisure Products - 0.2% | |||
American Outdoor Brands, Inc. (a) | 7,566 | 178,482 | |
AMMO, Inc. (b) | 66,715 | 413,633 | |
BRP, Inc. (b) | 22,856 | 1,808,138 | |
Clarus Corp. | 17,613 | 464,807 | |
Escalade, Inc. | 7,721 | 131,334 | |
Genius Brands International, Inc. (a)(b) | 160,281 | 198,748 | |
Hasbro, Inc. | 75,952 | 7,360,508 | |
JAKKS Pacific, Inc. (a) | 7,383 | 78,998 | |
Johnson Outdoors, Inc. Class A | 5,547 | 577,110 | |
Latham Group, Inc. (b) | 66,170 | 1,705,201 | |
Malibu Boats, Inc. Class A (a) | 11,640 | 808,631 | |
MasterCraft Boat Holdings, Inc. (a) | 12,347 | 337,814 | |
Mattel, Inc. (a) | 192,502 | 4,082,967 | |
Peloton Interactive, Inc. Class A (a) | 111,916 | 4,924,304 | |
Smith & Wesson Brands, Inc. | 30,266 | 688,552 | |
Vinco Ventures, Inc. (a)(b) | 44,028 | 133,845 | |
Vision Marine Technologies, Inc. | 3,049 | 18,873 | |
23,911,945 | |||
Multiline Retail - 0.1% | |||
Dollar Tree, Inc. (a) | 128,527 | 17,200,768 | |
Franchise Group, Inc. | 22,084 | 1,054,511 | |
Ollie's Bargain Outlet Holdings, Inc. (a)(b) | 36,387 | 2,251,991 | |
20,507,270 | |||
Specialty Retail - 0.7% | |||
Academy Sports & Outdoors, Inc. (a) | 51,233 | 2,286,016 | |
America's Car Mart, Inc. (a) | 3,745 | 367,534 | |
Arko Corp. (b) | 75,986 | 716,548 | |
Bed Bath & Beyond, Inc. (a)(b) | 61,018 | 1,118,460 | |
Big 5 Sporting Goods Corp. (b) | 11,818 | 280,441 | |
CarLotz, Inc. Class A (a)(b) | 18,460 | 54,642 | |
Citi Trends, Inc. (a) | 5,929 | 502,779 | |
Conn's, Inc. (a) | 16,366 | 358,088 | |
DavidsTea, Inc. (a)(b) | 8,243 | 29,592 | |
Destination XL Group, Inc. (a) | 21,630 | 154,655 | |
Enjoy Technology, Inc. (b) | 40,064 | 237,580 | |
EVgo, Inc. Class A (a)(b) | 38,018 | 476,366 | |
Five Below, Inc. (a) | 31,290 | 6,365,638 | |
GrowGeneration Corp. (a)(b) | 24,894 | 405,772 | |
Hibbett, Inc. | 9,681 | 754,634 | |
JOANN, Inc. (b) | 23,229 | 212,313 | |
Kaixin Auto Holdings (a)(b) | 69,320 | 118,537 | |
Kirkland's, Inc. (a) | 7,395 | 159,658 | |
Lazydays Holdings, Inc. (a)(b) | 6,139 | 124,192 | |
Leslie's, Inc. (a) | 104,964 | 2,200,045 | |
LMP Automotive Holdings, Inc. (a)(b) | 5,510 | 56,422 | |
Monro, Inc. (b) | 17,865 | 1,000,797 | |
National Vision Holdings, Inc. (a) | 45,468 | 2,184,283 | |
O'Reilly Automotive, Inc. (a) | 38,711 | 24,703,812 | |
OneWater Marine, Inc. Class A | 5,957 | 304,879 | |
Petco Health & Wellness Co., Inc. (b) | 125,762 | 2,410,858 | |
Rent-A-Center, Inc. | 36,954 | 1,632,258 | |
Ross Stores, Inc. | 198,316 | 21,634,292 | |
Shift Technologies, Inc. Class A (a)(b) | 47,485 | 218,906 | |
Shoe Carnival, Inc. (b) | 16,794 | 656,645 | |
Sleep Number Corp. (a) | 14,174 | 1,130,802 | |
Sportsman's Warehouse Holdings, Inc. (a) | 25,040 | 426,431 | |
The Children's Place, Inc. (a) | 8,107 | 701,499 | |
The ODP Corp. (a) | 30,281 | 1,143,411 | |
Tile Shop Holdings, Inc. (b) | 26,904 | 193,978 | |
Tractor Supply Co. | 63,967 | 14,413,684 | |
TravelCenters of America LLC (a) | 8,015 | 418,543 | |
Ulta Beauty, Inc. (a) | 30,471 | 11,699,340 | |
Urban Outfitters, Inc. (a) | 54,234 | 1,717,591 | |
Winmark Corp. | 2,110 | 531,931 | |
Zumiez, Inc. (a) | 14,145 | 647,275 | |
104,751,127 | |||
Textiles, Apparel & Luxury Goods - 0.3% | |||
Charles & Colvard Ltd. (a) | 22,010 | 68,011 | |
Columbia Sportswear Co. | 36,791 | 3,588,226 | |
Crocs, Inc. (a) | 36,419 | 5,973,444 | |
Crown Crafts, Inc. | 9,628 | 73,173 | |
Ever-Glory International Group, Inc. (a)(b) | 13,112 | 34,485 | |
Fossil Group, Inc. (a) | 29,540 | 353,003 | |
G-III Apparel Group Ltd. (a) | 27,453 | 813,707 | |
Lakeland Industries, Inc. (a)(b) | 4,176 | 79,929 | |
lululemon athletica, Inc. (a) | 69,493 | 31,578,314 | |
Naked Brand Group, Inc. (a)(b) | 470,216 | 287,349 | |
PLBY Group, Inc. (a) | 24,061 | 922,739 | |
Rocky Brands, Inc. | 4,879 | 173,351 | |
Steven Madden Ltd. | 45,830 | 2,174,634 | |
Superior Group of Companies, Inc. (b) | 9,905 | 221,476 | |
Toughbuilt Industries, Inc. (a)(b) | 337,566 | 131,516 | |
Vera Bradley, Inc. (a) | 17,686 | 168,194 | |
46,641,551 | |||
TOTAL CONSUMER DISCRETIONARY | 2,441,286,060 | ||
CONSUMER STAPLES - 3.3% | |||
Beverages - 1.4% | |||
Alkaline Water Co., Inc. (a)(b) | 46,022 | 57,528 | |
Celsius Holdings, Inc. (a) | 40,284 | 2,755,828 | |
Coca-Cola Bottling Co. Consolidated | 3,834 | 2,187,565 | |
Coca-Cola European Partners PLC | 240,300 | 11,863,611 | |
Eastside Distilling, Inc. (a)(b) | 6,163 | 11,463 | |
Keurig Dr. Pepper, Inc. | 786,227 | 26,723,856 | |
MGP Ingredients, Inc. (b) | 11,606 | 905,036 | |
Monster Beverage Corp. (a) | 293,796 | 24,614,229 | |
National Beverage Corp. (b) | 52,067 | 2,704,360 | |
Newage, Inc. (a) | 53,186 | 60,100 | |
PepsiCo, Inc. | 766,982 | 122,548,384 | |
Vintage Wine Estates, Inc. (b) | 37,368 | 419,269 | |
Willamette Valley Vineyards, Inc. (a) | 1,065 | 13,739 | |
194,864,968 | |||
Food & Staples Retailing - 1.1% | |||
111, Inc. ADR (a)(b) | 22,067 | 84,958 | |
Andersons, Inc. | 20,649 | 701,653 | |
BIMI International Medical, Inc. (a)(b) | 17,839 | 14,970 | |
Bit Brother Ltd. (a)(b) | 15,078 | 13,211 | |
Casey's General Stores, Inc. | 20,433 | 3,969,928 | |
Chefs' Warehouse Holdings (a) | 21,604 | 671,236 | |
China Jo-Jo Drugstores Holdings, Inc. (b) | 47,150 | 24,315 | |
Costco Wholesale Corp. | 245,523 | 132,430,196 | |
G Willi-Food International Ltd. (b) | 5,646 | 122,236 | |
Grocery Outlet Holding Corp. (a)(b) | 52,534 | 1,521,385 | |
HF Foods Group, Inc. (a) | 38,952 | 278,117 | |
Ingles Markets, Inc. Class A | 8,837 | 678,505 | |
Missfresh Ltd. ADR (b) | 7,390 | 37,689 | |
PriceSmart, Inc. | 17,300 | 1,240,756 | |
SpartanNash Co. | 22,023 | 527,010 | |
Sprouts Farmers Market LLC (a) | 62,788 | 1,661,370 | |
Village Super Market, Inc. Class A (b) | 6,605 | 140,422 | |
Walgreens Boots Alliance, Inc. | 392,751 | 17,595,245 | |
161,713,202 | |||
Food Products - 0.7% | |||
AgriFORCE Growing Systems Ltd. (b) | 17,646 | 37,939 | |
Alico, Inc. | 5,485 | 190,988 | |
AppHarvest, Inc. (a)(b) | 128,354 | 643,054 | |
Arcadia Biosciences, Inc. (a) | 3,696 | 4,768 | |
Beyond Meat, Inc. (a)(b) | 34,026 | 2,390,667 | |
Bridgford Foods Corp. (a)(b) | 3,580 | 41,528 | |
Cal-Maine Foods, Inc. (a) | 24,897 | 897,786 | |
Calavo Growers, Inc. | 8,985 | 364,252 | |
China Xiangtai Food Co. Ltd. (a)(b) | 30,160 | 60,622 | |
Farmer Brothers Co. (a) | 13,797 | 86,783 | |
Farmmi, Inc. (a) | 104,235 | 25,725 | |
Freshpet, Inc. (a) | 24,136 | 2,607,171 | |
Hostess Brands, Inc. Class A (a) | 69,302 | 1,177,441 | |
J&J Snack Foods Corp. (b) | 10,693 | 1,460,450 | |
John B. Sanfilippo & Son, Inc. | 5,270 | 434,248 | |
Lancaster Colony Corp. | 15,197 | 2,221,801 | |
Landec Corp. (a) | 22,245 | 176,848 | |
Lifeway Foods, Inc. (a) | 9,131 | 46,659 | |
Limoneira Co. | 11,551 | 168,876 | |
MamaMancini's Holdings, Inc. (a) | 12,805 | 26,250 | |
MeaTech 3D Ltd. ADR | 1,525 | 10,538 | |
Mission Produce, Inc. (a) | 38,524 | 682,260 | |
Mondelez International, Inc. | 777,506 | 45,826,204 | |
Nuzee, Inc. (a)(b) | 522,499 | 2,429,620 | |
Origin Agritech Ltd. (a)(b) | 9,462 | 90,457 | |
Pilgrim's Pride Corp. (a) | 134,622 | 3,780,186 | |
Pingtan Marine Enterprise Ltd. (a)(b) | 41,107 | 36,996 | |
RiceBran Technologies (a) | 20,420 | 8,781 | |
Rocky Mountain Chocolate Factory, Inc. (a) | 1,651 | 14,034 | |
S&W Seed Co. (a) | 18,677 | 54,537 | |
Sanderson Farms, Inc. | 12,122 | 2,276,269 | |
Seneca Foods Corp. Class A (a) | 5,752 | 245,668 | |
Stryve Foods, Inc. (a) | 4,060 | 15,834 | |
SunOpta, Inc. (a) | 57,829 | 345,239 | |
Tattooed Chef, Inc. (a)(b) | 46,113 | 741,958 | |
TDH Holdings, Inc. (a)(b) | 27,024 | 139,714 | |
The Hain Celestial Group, Inc. (a) | 56,167 | 2,214,665 | |
The Kraft Heinz Co. | 521,238 | 17,518,809 | |
The Simply Good Foods Co. (a) | 53,130 | 1,964,216 | |
Village Farms International, Inc. (a)(b) | 44,891 | 297,627 | |
Vital Farms, Inc. (a)(b) | 6,107 | 103,269 | |
Whole Earth Brands, Inc. Class A (a) | 19,675 | 207,768 | |
92,068,505 | |||
Household Products - 0.0% | |||
Central Garden & Pet Co. Class A (non-vtg.) (a) | 30,266 | 1,312,031 | |
Ocean Bio-Chem, Inc. (b) | 6,206 | 61,129 | |
Reynolds Consumer Products, Inc. (b) | 120,924 | 3,528,562 | |
WD-40 Co. (b) | 7,704 | 1,728,392 | |
6,630,114 | |||
Personal Products - 0.1% | |||
DSwiss, Inc. (c)(d) | 7,648 | 0 | |
Flora Growth Corp. (b) | 20,412 | 41,436 | |
Grove, Inc. (b) | 5,359 | 26,473 | |
Guardion Health Sciences, Inc. (a)(b) | 26,340 | 26,603 | |
Happiness Development Group Lt (a)(b) | 6,115 | 4,207 | |
Inter Parfums, Inc. | 18,677 | 1,640,401 | |
Jupiter Wellness, Inc. (b) | 6,237 | 8,794 | |
Lifemd, Inc. (a)(b) | 11,075 | 45,075 | |
LifeVantage Corp. (a) | 7,378 | 47,441 | |
Mannatech, Inc. | 1,514 | 55,110 | |
Natural Alternatives International, Inc. (a) | 4,379 | 56,620 | |
Natural Health Trends Corp. (b) | 3,553 | 25,084 | |
Nature's Sunshine Products, Inc. | 13,052 | 221,884 | |
Neptune Technologies & Bioressources, Inc. (a)(b) | 31,439 | 15,569 | |
Olaplex Holdings, Inc. | 350,000 | 9,432,500 | |
Shineco, Inc. (a)(b) | 3,572 | 33,684 | |
Summer Infant, Inc. (a)(b) | 1,330 | 14,364 | |
The Beauty Health Co. | 72,721 | 1,887,837 | |
The Honest Co., Inc. | 2,707 | 23,118 | |
United-Guardian, Inc. | 2,521 | 39,832 | |
Veru, Inc. (a) | 43,597 | 326,978 | |
13,973,010 | |||
Tobacco - 0.0% | |||
22nd Century Group, Inc. (a)(b) | 75,999 | 190,757 | |
TOTAL CONSUMER STAPLES | 469,440,556 | ||
ENERGY - 0.4% | |||
Energy Equipment & Services - 0.1% | |||
Championx Corp. (a) | 108,000 | 2,204,280 | |
CSI Compressco LP | 45,237 | 54,737 | |
Dawson Geophysical Co. (a) | 26,712 | 62,239 | |
DMC Global, Inc. (a) | 9,930 | 362,445 | |
ENGlobal Corp. (a)(b) | 17,757 | 33,383 | |
Geospace Technologies Corp. (a) | 17,265 | 148,652 | |
Gulf Island Fabrication, Inc. (a) | 18,749 | 74,996 | |
KLX Energy Services Holdings, Inc. (a)(b) | 16,569 | 66,276 | |
Mammoth Energy Services, Inc. (a)(b) | 23,054 | 44,494 | |
MIND Technology, Inc. (a) | 6,775 | 11,179 | |
NCS Multistage Holdings, Inc. (a) | 2,198 | 70,622 | |
Patterson-UTI Energy, Inc. | 211,776 | 1,495,139 | |
Profire Energy, Inc. (a) | 47,414 | 52,630 | |
Recon Technology Ltd. (a)(b) | 15,122 | 27,371 | |
Smart Sand, Inc. (a) | 20,180 | 38,746 | |
U.S. Well Services, Inc. (a)(b) | 16,367 | 28,151 | |
Weatherford International PLC (a) | 38,962 | 1,120,158 | |
5,895,498 | |||
Oil, Gas & Consumable Fuels - 0.3% | |||
Aemetis, Inc. (a) | 18,211 | 341,638 | |
Alliance Resource Partners LP | 67,798 | 693,574 | |
Alto Ingredients, Inc. (a) | 38,730 | 201,783 | |
Altus Midstream Co. | 3,519 | 223,034 | |
American Resources Corp. (a)(b) | 86,855 | 163,287 | |
Amplify Energy Corp. warrants 5/4/22 (a) | 717 | 13 | |
APA Corp. | 209,209 | 5,391,316 | |
Berry Corp. (b) | 61,915 | 503,988 | |
Blueknight Energy Partners LP | 36,546 | 119,871 | |
Brooge Energy Ltd. (a)(b) | 37,918 | 331,783 | |
Calumet Specialty Products Partners LP (a) | 49,250 | 727,915 | |
Centennial Resource Development, Inc. Class A (a)(b) | 148,568 | 925,579 | |
Chesapeake Energy Corp. | 54,200 | 3,227,068 | |
Clean Energy Fuels Corp. (a)(b) | 121,128 | 868,488 | |
Diamondback Energy, Inc. | 100,303 | 10,705,339 | |
Dorchester Minerals LP | 21,696 | 385,972 | |
Ecoark Holdings, Inc. (a)(b) | 13,299 | 40,828 | |
Epsilon Energy Ltd. (a) | 2,419 | 13,184 | |
Falcon Minerals Corp. | 44,617 | 207,023 | |
Gevo, Inc. (a)(b) | 109,249 | 628,182 | |
Golar LNG Ltd. (a) | 58,331 | 688,306 | |
Green Plains Partners LP | 18,721 | 268,459 | |
Green Plains, Inc. (a) | 23,663 | 914,575 | |
Hallador Energy Co. (a) | 39,386 | 96,890 | |
HighPeak Energy, Inc. | 51,002 | 693,117 | |
Lightbridge Corp. (a)(b) | 12,328 | 112,431 | |
Marine Petroleum Trust | 339 | 1,532 | |
Martin Midstream Partners LP | 33,068 | 91,268 | |
National Energy Services Reunited Corp. (a) | 46,953 | 465,304 | |
New Fortress Energy, Inc. | 109,977 | 2,737,328 | |
Nextdecade Corp. (a) | 116,445 | 370,295 | |
Oasis Midstream Partners LP | 26,139 | 556,761 | |
Oasis Petroleum, Inc. | 10,731 | 1,286,647 | |
PDC Energy, Inc. | 53,812 | 2,713,739 | |
Plains All American Pipeline LP | 394,723 | 3,670,924 | |
Plains GP Holdings LP Class A | 107,827 | 1,078,270 | |
PrimeEnergy Corp. (a) | 938 | 59,188 | |
Ranger Oil Corp. (a) | 17,497 | 471,019 | |
Rattler Midstream LP (b) | 28,222 | 300,564 | |
Renewable Energy Group, Inc. (a) | 26,866 | 1,283,657 | |
Stabilis Solutions, Inc. (a) | 3,378 | 18,376 | |
StealthGas, Inc. (a)(b) | 39,172 | 100,280 | |
Top Ships, Inc. (a)(b) | 40,167 | 43,782 | |
TORM PLC (a)(b) | 42,268 | 315,319 | |
TransGlobe Energy Corp. (a) | 74,495 | 199,647 | |
U.S. Energy Corp. (a)(b) | 15,098 | 54,051 | |
Uranium Royalty Corp. (b) | 39,652 | 165,745 | |
Vertex Energy, Inc. (a)(b) | 32,871 | 161,725 | |
Viper Energy Partners LP | 33,309 | 718,142 | |
45,337,206 | |||
TOTAL ENERGY | 51,232,704 | ||
FINANCIALS - 4.5% | |||
Banks - 1.6% | |||
1st Constitution Bancorp | 6,490 | 154,722 | |
1st Source Corp. | 12,820 | 592,925 | |
ACNB Corp. | 4,529 | 131,522 | |
Allegiance Bancshares, Inc. | 13,633 | 551,182 | |
Amalgamated Financial Corp. | 18,900 | 319,788 | |
Amerant Bancorp, Inc. Class A (a) | 21,076 | 593,289 | |
American National Bankshares, Inc. | 6,531 | 238,904 | |
Ameris Bancorp | 37,718 | 1,835,735 | |
Ames National Corp. | 6,067 | 148,642 | |
Arrow Financial Corp. | 10,017 | 345,587 | |
Atlantic Capital Bancshares, Inc. (a) | 11,226 | 313,654 | |
Atlantic Union Bankshares Corp. | 43,652 | 1,419,127 | |
Auburn National Bancorp., Inc. | 551 | 18,734 | |
BancFirst Corp. | 18,889 | 1,201,907 | |
Bancorp, Inc., Delaware (a) | 35,449 | 1,002,143 | |
Bank First National Corp. (b) | 3,233 | 227,054 | |
Bank of Marin Bancorp | 11,894 | 412,008 | |
Bank OZK | 70,392 | 3,147,226 | |
Bank7 Corp. | 2,512 | 57,751 | |
BankFinancial Corp. | 14,628 | 155,349 | |
Bankwell Financial Group, Inc. (b) | 4,285 | 132,364 | |
Banner Corp. | 18,237 | 1,044,615 | |
BayCom Corp. (a) | 3,947 | 71,875 | |
BCB Bancorp, Inc. | 9,394 | 137,998 | |
BOK Financial Corp. | 38,544 | 3,978,126 | |
Brookline Bancorp, Inc., Delaware | 42,470 | 655,312 | |
Bryn Mawr Bank Corp. | 10,749 | 479,405 | |
Business First Bancshares, Inc. | 8,715 | 239,663 | |
C & F Financial Corp. | 2,765 | 138,527 | |
California Bancorp, Inc. (a) | 2,203 | 41,527 | |
Cambridge Bancorp | 2,788 | 247,519 | |
Camden National Corp. | 8,189 | 375,220 | |
Capital Bancorp, Inc. | 5,877 | 156,152 | |
Capital City Bank Group, Inc. | 16,718 | 443,194 | |
Capstar Financial Holdings, Inc. | 13,933 | 290,224 | |
Carter Bankshares, Inc. | 17,756 | 257,640 | |
Cathay General Bancorp | 45,999 | 1,927,818 | |
CB Financial Services, Inc. | 591 | 14,019 | |
CBTX, Inc. | 13,467 | 374,383 | |
Central Valley Community Bancorp | 8,707 | 182,847 | |
Chemung Financial Corp. | 4,490 | 213,051 | |
ChoiceOne Financial Services, Inc. | 2,947 | 74,765 | |
Citizens & Northern Corp. | 4,121 | 101,954 | |
Citizens Community Bancorp, Inc. | 6,202 | 84,409 | |
Citizens Holding Co. | 2,179 | 39,331 | |
City Holding Co. | 8,728 | 684,799 | |
Civista Bancshares, Inc. | 12,037 | 283,231 | |
CNB Financial Corp., Pennsylvania | 11,686 | 307,926 | |
Coastal Financial Corp. of Washington (a) | 5,404 | 236,317 | |
Codorus Valley Bancorp, Inc. (b) | 7,465 | 162,065 | |
Colony Bankcorp, Inc. | 7,282 | 131,076 | |
Columbia Banking Systems, Inc. | 44,391 | 1,458,688 | |
Commerce Bancshares, Inc. | 65,883 | 4,598,633 | |
Community Bankers Trust Corp. | 16,444 | 184,831 | |
Community Financial Corp. | 4,047 | 149,820 | |
Community Trust Bancorp, Inc. | 8,039 | 337,638 | |
ConnectOne Bancorp, Inc. | 23,646 | 768,495 | |
County Bancorp, Inc. | 4,222 | 142,999 | |
CrossFirst Bankshares, Inc. (a) | 26,193 | 366,440 | |
CVB Financial Corp. | 76,652 | 1,464,820 | |
Dime Community Bancshares, Inc. | 25,727 | 882,436 | |
Eagle Bancorp Montana, Inc. | 2,880 | 63,389 | |
Eagle Bancorp, Inc. | 17,724 | 998,747 | |
East West Bancorp, Inc. | 79,134 | 6,093,318 | |
Eastern Bankshares, Inc. | 100,469 | 2,022,441 | |
Enterprise Bancorp, Inc. | 7,478 | 294,783 | |
Enterprise Financial Services Corp. | 22,406 | 1,038,966 | |
Equity Bancshares, Inc. | 7,783 | 253,103 | |
Esquire Financial Holdings, Inc. (a) | 2,459 | 81,172 | |
Farmers & Merchants Bancorp, Inc. (b) | 7,012 | 206,083 | |
Farmers National Banc Corp. | 18,770 | 330,164 | |
Fidelity D & D Bancorp, Inc. (b) | 2,330 | 118,853 | |
Fifth Third Bancorp | 384,031 | 16,186,907 | |
Financial Institutions, Inc. | 9,689 | 298,421 | |
First Bancorp, North Carolina | 21,088 | 937,151 | |
First Bancshares, Inc. | 9,721 | 377,758 | |
First Bank Hamilton New Jersey | 14,532 | 210,278 | |
First Busey Corp. | 27,899 | 717,004 | |
First Business Finance Services, Inc. | 4,740 | 135,611 | |
First Capital, Inc. | 2,233 | 89,298 | |
First Citizens Bancshares, Inc. (b) | 4,841 | 3,892,067 | |
First Community Bankshares, Inc. | 10,669 | 348,876 | |
First Community Corp. | 3,875 | 81,801 | |
First Financial Bancorp, Ohio | 55,952 | 1,286,896 | |
First Financial Bankshares, Inc. | 80,098 | 3,998,492 | |
First Financial Corp., Indiana | 8,773 | 381,275 | |
First Financial Northwest, Inc. | 10,995 | 182,187 | |
First Foundation, Inc. | 27,783 | 706,244 | |
First Guaranty Bancshares, Inc. | 7,321 | 160,257 | |
First Hawaiian, Inc. | 72,880 | 1,913,100 | |
First Internet Bancorp | 8,345 | 361,422 | |
First Interstate Bancsystem, Inc. | 23,864 | 973,651 | |
First Merchants Corp. | 29,303 | 1,168,897 | |
First Mid-Illinois Bancshares, Inc. | 11,244 | 472,585 | |
First Midwest Bancorp, Inc., Delaware | 61,314 | 1,209,725 | |
First Northwest Bancorp | 7,546 | 137,715 | |
First of Long Island Corp. | 15,039 | 315,067 | |
First Savings Financial Group, Inc. | 2,781 | 71,750 | |
First U.S. Bancshares, Inc. | 3,641 | 41,872 | |
First Western Financial, Inc. (a) | 2,387 | 71,562 | |
Five Star Bancorp | 8,691 | 258,036 | |
Flushing Financial Corp. | 19,436 | 459,078 | |
FNCM Bancorp, Inc. (b) | 3,698 | 33,356 | |
Franklin Financial Services Corp. | 854 | 28,182 | |
Fulton Financial Corp. | 91,810 | 1,449,680 | |
FVCBankcorp, Inc. (a) | 5,834 | 117,322 | |
German American Bancorp, Inc. | 16,332 | 639,071 | |
Glacier Bancorp, Inc. | 62,107 | 3,372,410 | |
Great Southern Bancorp, Inc. | 7,786 | 433,135 | |
Grupo Financiero Galicia SA sponsored ADR (b) | 29,288 | 254,220 | |
Guaranty Bancshares, Inc. Texas | 8,980 | 330,015 | |
Hancock Whitney Corp. | 50,242 | 2,400,563 | |
Hanmi Financial Corp. | 18,233 | 409,696 | |
HarborOne Bancorp, Inc. | 36,797 | 511,110 | |
Hawthorn Bancshares, Inc. | 2,756 | 68,156 | |
HBT Financial, Inc. | 16,600 | 298,800 | |
Heartland Financial U.S.A., Inc. | 20,061 | 952,898 | |
Heritage Commerce Corp. | 41,991 | 460,221 | |
Heritage Financial Corp., Washington | 21,942 | 514,101 | |
HomeStreet, Inc. | 11,829 | 583,998 | |
HomeTrust Bancshares, Inc. | 11,346 | 340,720 | |
Hope Bancorp, Inc. | 64,741 | 929,033 | |
Horizon Bancorp, Inc. Indiana | 24,746 | 480,072 | |
Howard Bancorp, Inc. (a) | 11,970 | 247,300 | |
Huntington Bancshares, Inc. | 811,939 | 12,049,175 | |
Independent Bank Corp. | 10,908 | 245,975 | |
Independent Bank Corp., Massachusetts (b) | 26,861 | 2,123,631 | |
Independent Bank Group, Inc. | 23,847 | 1,655,697 | |
International Bancshares Corp. | 38,873 | 1,633,055 | |
Investar Holding Corp. | 8,715 | 156,173 | |
Investors Bancorp, Inc. | 139,317 | 2,074,430 | |
Lakeland Bancorp, Inc. | 23,940 | 428,287 | |
Lakeland Financial Corp. (b) | 13,946 | 984,867 | |
Landmark Bancorp, Inc. (b) | 2,919 | 83,717 | |
LCNB Corp. (b) | 12,147 | 232,615 | |
Level One Bancorp, Inc. | 2,843 | 107,721 | |
Limestone Bancorp, Inc. (a) | 621 | 11,638 | |
Live Oak Bancshares, Inc. | 24,006 | 2,138,935 | |
Macatawa Bank Corp. | 20,908 | 176,045 | |
Mainstreet Bancshares, Inc. (a) | 1,715 | 40,577 | |
Mercantile Bank Corp. | 10,866 | 364,880 | |
Meridian Bank/Malvern, PA | 1,866 | 62,978 | |
Meta Financial Group, Inc. | 18,838 | 1,125,947 | |
Metrocity Bankshares, Inc. | 10,365 | 278,819 | |
Mid Penn Bancorp, Inc. | 7,980 | 251,051 | |
Middlefield Banc Corp. | 1,133 | 29,118 | |
Midland States Bancorp, Inc. | 11,372 | 270,654 | |
MidWestOne Financial Group, Inc. | 11,723 | 361,068 | |
MVB Financial Corp. | 5,314 | 218,246 | |
National Bankshares, Inc. | 4,034 | 148,007 | |
NBT Bancorp, Inc. | 24,469 | 883,576 | |
Nicolet Bankshares, Inc. (a) | 5,356 | 381,936 | |
Northeast Bank | 7,547 | 244,447 | |
Northrim Bancorp, Inc. | 5,057 | 205,061 | |
Norwood Financial Corp. | 3,432 | 90,570 | |
Oak Valley Bancorp Oakdale California | 5,385 | 92,407 | |
OceanFirst Financial Corp. | 33,684 | 694,227 | |
Old National Bancorp, Indiana (b) | 81,738 | 1,443,493 | |
Old Point Financial Corp. | 2,955 | 70,802 | |
Old Second Bancorp, Inc. | 19,988 | 246,852 | |
OptimumBank Holdings, Inc. (a) | 3,813 | 15,748 | |
Orange County Bancorp, Inc. (b) | 1,054 | 40,790 | |
Origin Bancorp, Inc. | 13,756 | 580,366 | |
Orrstown Financial Services, Inc. | 7,486 | 175,172 | |
Pacific Premier Bancorp, Inc. | 54,299 | 2,104,086 | |
PacWest Bancorp | 66,795 | 2,988,408 | |
Parke Bancorp, Inc. | 4,103 | 84,112 | |
Partners Bancorp | 4,331 | 41,491 | |
Patriot National Bancorp, Inc. (a)(b) | 1,781 | 24,934 | |
PCB Bancorp | 9,838 | 219,092 | |
Peapack-Gladstone Financial Corp. | 10,114 | 334,571 | |
Penns Woods Bancorp, Inc. | 4,912 | 117,397 | |
Peoples Bancorp of North Carolina | 3,497 | 99,630 | |
Peoples Bancorp, Inc. | 18,541 | 571,804 | |
Peoples Financial Services Corp. (b) | 4,449 | 210,838 | |
Peoples United Financial, Inc. | 234,146 | 3,989,848 | |
Pinnacle Financial Partners, Inc. | 41,330 | 3,943,295 | |
Plumas Bancorp | 1,220 | 41,712 | |
Popular, Inc. | 43,488 | 3,384,236 | |
Preferred Bank, Los Angeles | 7,653 | 521,552 | |
Primis Financial Corp. | 16,511 | 252,288 | |
Professional Holdings Corp. (A Shares) (a) | 5,287 | 100,664 | |
QCR Holdings, Inc. | 7,969 | 429,848 | |
RBB Bancorp | 8,755 | 214,147 | |
Red River Bancshares, Inc. | 3,386 | 178,781 | |
Reliant Bancorp, Inc. | 8,809 | 293,075 | |
Renasant Corp. | 30,122 | 1,097,344 | |
Republic Bancorp, Inc., Kentucky Class A | 10,388 | 532,177 | |
Republic First Bancorp, Inc. (a) | 41,243 | 139,401 | |
Richmond Mutual Bancorp., Inc. | 1,852 | 30,095 | |
S&T Bancorp, Inc. | 26,065 | 779,604 | |
Salisbury Bancorp, Inc. | 1,630 | 84,043 | |
Sandy Spring Bancorp, Inc. | 26,534 | 1,245,241 | |
SB Financial Group, Inc. | 4,486 | 84,561 | |
Seacoast Banking Corp., Florida | 34,186 | 1,154,461 | |
Shore Bancshares, Inc. | 11,308 | 221,637 | |
Sierra Bancorp | 9,675 | 243,617 | |
Signature Bank | 31,966 | 9,663,322 | |
Simmons First National Corp. Class A | 59,561 | 1,733,821 | |
SmartFinancial, Inc. | 10,154 | 260,653 | |
Sound Financial Bancorp, Inc. | 1,189 | 51,068 | |
South Plains Financial, Inc. | 6,245 | 156,125 | |
Southern First Bancshares, Inc. (a) | 4,670 | 273,335 | |
Southern States Bancshares, Inc. (b) | 3,439 | 67,232 | |
Southside Bancshares, Inc. | 16,588 | 675,961 | |
Southstate Corp. | 39,778 | 3,108,253 | |
Spirit of Texas Bancshares, Inc. | 8,516 | 236,745 | |
Stock Yards Bancorp, Inc. (b) | 13,953 | 834,808 | |
Summit Financial Group, Inc. | 11,557 | 288,925 | |
Summit State Bank | 3,743 | 60,038 | |
SVB Financial Group (a) | 30,902 | 21,394,382 | |
Texas Capital Bancshares, Inc. (a) | 28,839 | 1,624,212 | |
The Bank of Princeton | 4,666 | 139,093 | |
The First Bancorp, Inc. | 6,787 | 205,510 | |
TowneBank | 42,448 | 1,298,484 | |
Trico Bancshares | 18,864 | 795,306 | |
TriState Capital Holdings, Inc. (a) | 23,090 | 690,622 | |
Triumph Bancorp, Inc. (a) | 13,714 | 1,746,478 | |
Trustmark Corp. | 33,488 | 1,025,068 | |
U.S. Century Bank | 1,684 | 25,260 | |
UMB Financial Corp. | 26,643 | 2,679,753 | |
Umpqua Holdings Corp. | 122,454 | 2,333,973 | |
Union Bankshares, Inc. | 2,283 | 71,458 | |
United Bancshares, Inc. | 546 | 15,010 | |
United Bankshares, Inc., West Virginia (b) | 73,482 | 2,625,512 | |
United Community Bank, Inc. | 49,335 | 1,690,710 | |
United Security Bancshares, California | 1,456 | 11,255 | |
Unity Bancorp, Inc. | 6,284 | 163,384 | |
Univest Corp. of Pennsylvania | 13,955 | 384,739 | |
Valley National Bancorp | 208,971 | 2,808,570 | |
Veritex Holdings, Inc. | 24,936 | 988,214 | |
Virginia National Bank Corp. | 1,549 | 54,556 | |
Washington Trust Bancorp, Inc. | 8,141 | 437,986 | |
WesBanco, Inc. | 35,638 | 1,160,017 | |
West Bancorp., Inc. | 9,814 | 304,528 | |
Westamerica Bancorp. | 15,600 | 838,968 | |
Wintrust Financial Corp. | 31,710 | 2,775,576 | |
Zions Bancorp NA | 90,451 | 5,705,649 | |
230,110,764 | |||
Capital Markets - 1.6% | |||
ABG Acquisition Corp. I Class A | 6,871 | 67,542 | |
AGM Group Holdings, Inc. (a)(b) | 12,918 | 122,463 | |
Alberton Acquisition Corp. (a) | 2,725 | 31,719 | |
Alpha Capital Acquisition Co. | 280 | 2,772 | |
ARYA Sciences Acquisition Corp. IV Class A (b) | 7,820 | 78,200 | |
ARYA Sciences Acquisition Corp. V | 1,998 | 19,441 | |
B. Riley Financial, Inc. | 15,733 | 1,218,206 | |
Benessere Capital Acquisition Corp. (b) | 9,179 | 93,350 | |
BGC Partners, Inc. Class A | 186,493 | 833,624 | |
Blucora, Inc. (a) | 30,712 | 497,227 | |
Capital Southwest Corp. | 11,251 | 304,115 | |
Carlyle Group LP | 197,098 | 10,779,290 | |
Cartesian Growth Corp. Class A | 4,132 | 41,072 | |
CF Acquisition Corp. V Class A | 49,366 | 491,685 | |
CF Acquisition Corp. VI | 8,062 | 78,766 | |
China Finance Online Co. Ltd. ADR (a)(b) | 972 | 6,386 | |
Clarim Acquisition Corp. Class A | 1,036 | 10,153 | |
Clarus Therapeutics Holdings, Inc. (b) | 173,823 | 994,268 | |
CME Group, Inc. | 199,459 | 43,984,699 | |
Coinbase Global, Inc. | 83,630 | 26,343,450 | |
Colicity, Inc. | 2,050 | 20,049 | |
CONX Corp. Class A (a) | 38,362 | 377,098 | |
Cowen Group, Inc. Class A (b) | 16,234 | 574,359 | |
Crescent Capital BDC, Inc. (b) | 12,883 | 240,526 | |
Decarbonization Plus Acquisition Corp. II Class A (b) | 72,977 | 735,608 | |
Deep Lake Capital Acquisition Corp. Class A | 16,837 | 164,329 | |
Diamond Hill Investment Group, Inc. | 1,539 | 295,627 | |
Dragoneer Growth Opportunities Corp. II | 37,384 | 372,718 | |
ECP Environmental Growth Opportunities Corp. Class A | 22,493 | 223,355 | |
Eqonex Ltd. (a)(b) | 3,967 | 15,908 | |
Fintech Acquisition Corp. V (b) | 13,427 | 138,030 | |
Focus Financial Partners, Inc. Class A (a) | 33,215 | 2,044,051 | |
Forum Merger IV Corp. | 4,724 | 46,248 | |
Freedom Holding Corp. (a)(b) | 33,046 | 2,212,099 | |
Frontier Acquisition Corp. | 3,304 | 32,247 | |
FS Development Corp. II Class A | 8,828 | 130,125 | |
FTAC Parnassus Acquisition Corp. Class A | 2,012 | 19,818 | |
Futu Holdings Ltd. ADR (a)(b) | 30,484 | 1,447,685 | |
GCM Grosvenor, Inc. Class A (b) | 32,247 | 369,551 | |
Glass Houses Acquisition Corp. Class A | 7,190 | 69,887 | |
Golden Arrow Merger Corp. Class A | 6,965 | 68,257 | |
Goldenbridge Acquisition Ltd. | 7,095 | 70,524 | |
Gores Holdings VIII, Inc. Class A | 7,363 | 73,556 | |
Gores Technology Partners II, Inc. Class A | 16,195 | 159,845 | |
Gores Technology Partners, Inc. Class A | 10,141 | 99,889 | |
Hamilton Lane, Inc. Class A | 20,108 | 2,126,823 | |
Hennessy Advisors, Inc. (b) | 4,729 | 50,458 | |
Heritage Global, Inc. (a) | 28,350 | 43,092 | |
Horizon Technology Finance Corp. | 7,992 | 134,905 | |
Hudson Executive Investment Corp. III Class A | 9,896 | 96,684 | |
Hywin Holdings Ltd. ADR | 6,913 | 40,856 | |
IG Acquisition Corp. Class A (a) | 37,819 | 372,139 | |
Interactive Brokers Group, Inc. (b) | 51,234 | 3,782,094 | |
Investcorp Credit Management BDC, Inc. | 16,938 | 92,481 | |
Isleworth Healthcare Acquisition Corp. | 18,688 | 184,264 | |
Itiquira Acquisition Corp. Class A | 7,119 | 69,553 | |
JOFF Fintech Acquisition Corp. Class A | 25,456 | 248,451 | |
Kairos Acquisition Corp. Class A | 21,022 | 205,805 | |
Kernel Group Holdings, Inc. | 20,223 | 197,579 | |
Khosla Ventures Acquisition Co. | 65,183 | 642,704 | |
KINS Technology Group, Inc. Class A (b) | 19,289 | 192,504 | |
Kismet Acquisition Two Corp. | 3,808 | 37,166 | |
KL Acquisition Corp. Class A (b) | 17,087 | 167,282 | |
Lion Group Holding Ltd. ADR (a)(b) | 11,889 | 24,254 | |
Logan Ridge Finance Corp. (a)(b) | 3,628 | 89,430 | |
LPL Financial | 44,601 | 7,029,564 | |
MarketAxess Holdings, Inc. | 21,153 | 7,460,452 | |
MarketWise, Inc. Class A (a)(b) | 6,007 | 42,830 | |
Model Performance Acquisition Corp. | 2,807 | 28,126 | |
Morningstar, Inc. | 24,152 | 7,495,090 | |
NASDAQ, Inc. | 91,097 | 18,513,643 | |
New Mountain Finance Corp. | 57,266 | 772,518 | |
Newtek Business Services Corp. (b) | 13,878 | 418,838 | |
North Mountain Merger Corp. Class A | 6,334 | 62,263 | |
Northern Trust Corp. | 115,180 | 13,326,326 | |
Open Lending Corp. (a) | 70,944 | 1,648,739 | |
Panacea Acquisition Corp. II | 10,372 | 100,608 | |
Patria Investments Ltd. | 29,248 | 499,556 | |
Perella Weinberg Partners Class A (b) | 23,081 | 275,126 | |
Petra Acquisition, Inc. | 1,542 | 15,636 | |
PhenixFIN Corp. (a) | 762 | 30,914 | |
Pine Technology Acquisition Corp. Class A | 9,264 | 90,787 | |
Pioneer Merger Corp. Class A (b) | 77,380 | 769,157 | |
Poema Global Holdings Corp. Class A | 23,438 | 233,911 | |
Progress Acquisition Corp. Class A | 1,598 | 15,692 | |
Puhui Wealth Investment Management Co. Ltd. (a)(b) | 11,943 | 17,437 | |
Puyi, Inc. ADR (a)(b) | 12,308 | 83,079 | |
Recharge Acquisition Corp. Class A | 2,636 | 26,096 | |
Robinhood Markets, Inc. (b) | 398,663 | 10,341,318 | |
ScION Tech Growth II Class A | 1,027 | 10,085 | |
SEI Investments Co. | 79,812 | 4,759,190 | |
Senior Connect Acquisition Corp. I Class A | 42,992 | 422,181 | |
Siebert Financial Corp. (a)(b) | 14,080 | 39,565 | |
SilverBox Engaged Merger Corp. I Class A | 3,357 | 33,973 | |
Silvercrest Asset Management Group Class A | 8,360 | 134,512 | |
StepStone Group, Inc. Class A | 22,355 | 924,826 | |
StoneX Group, Inc. (a) | 10,694 | 600,735 | |
SVF Investment Corp. 2 | 23,010 | 229,640 | |
SVF Investment Corp. 3 | 27,183 | 271,830 | |
T. Rowe Price Group, Inc. | 125,997 | 25,193,100 | |
TCV Acquisition Corp. Class A | 33,198 | 330,320 | |
Thornburg Income Builder Opportunities Trust | 476 | 8,720 | |
Tio Tech A Class A | 4,557 | 44,476 | |
Tradeweb Markets, Inc. Class A | 58,618 | 5,627,328 | |
Trinity Capital, Inc. | 14,443 | 239,321 | |
Twelve Seas Investment Co. II | 5,495 | 53,521 | |
U.S. Global Investors, Inc. Class A (b) | 8,407 | 43,716 | |
Up Fintech Holdings Ltd. ADR (a)(b) | 29,688 | 179,316 | |
Value Line, Inc. | 5,984 | 242,352 | |
Velocity Acquisition Corp. Class A | 6,129 | 59,819 | |
Victory Capital Holdings, Inc. | 7,768 | 272,346 | |
Vinci Partners Investments Ltd. (b) | 27,294 | 286,041 | |
Virtu Financial, Inc. Class A | 68,133 | 1,919,988 | |
Virtus Investment Partners, Inc. | 4,472 | 1,329,883 | |
WisdomTree Investments, Inc. (b) | 91,436 | 561,417 | |
XP, Inc. Class A (a) | 210,387 | 6,033,899 | |
223,948,147 | |||
Consumer Finance - 0.3% | |||
360 DigiTech, Inc. ADR | 69,669 | 1,621,894 | |
7GC & Co. Holdings, Inc. Class A | 16,089 | 157,672 | |
Atlanticus Holdings Corp. (a) | 9,306 | 553,056 | |
Consumer Portfolio Services, Inc. (a) | 14,707 | 113,979 | |
Credit Acceptance Corp. (a)(b) | 9,385 | 5,864,687 | |
Encore Capital Group, Inc. (a) | 18,287 | 1,066,864 | |
EZCORP, Inc. (non-vtg.) Class A (a) | 28,924 | 214,038 | |
First Cash Financial Services, Inc. | 22,700 | 1,449,168 | |
Jiayin Group, Inc. ADR (a)(b) | 5,761 | 18,608 | |
LendingTree, Inc. (a) | 6,185 | 701,255 | |
LexinFintech Holdings Ltd. ADR (a)(b) | 55,045 | 231,189 | |
Medallion Financial Corp. (a) | 10,141 | 80,114 | |
Mogo, Inc. (a)(b) | 17,146 | 87,445 | |
Navient Corp. | 99,396 | 1,961,083 | |
Nicholas Financial, Inc. (a) | 5,880 | 69,678 | |
Oportun Financial Corp. (a) | 16,861 | 362,006 | |
Pintec Technology Holdings Ltd. ADR (a)(b) | 7,937 | 6,090 | |
PRA Group, Inc. (a) | 24,555 | 1,042,605 | |
Senmiao Technology Ltd. (a)(b) | 16,727 | 9,031 | |
SLM Corp. | 179,026 | 3,183,082 | |
SoFi Technologies, Inc. | 455,496 | 7,834,531 | |
Upstart Holdings, Inc. | 42,746 | 8,758,228 | |
World Acceptance Corp. (a)(b) | 3,875 | 796,003 | |
36,182,306 | |||
Diversified Financial Services - 0.2% | |||
26 Capital Acquisition Corp. Class A | 23,758 | 234,491 | |
5:01 Acquisition Corp. (a) | 400 | 3,948 | |
890 5th Avenue Partners, Inc. Class A | 19,812 | 197,526 | |
A-Mark Precious Metals, Inc. | 6,088 | 421,594 | |
ACE Convergence Acquisition Corp. Class A (a) | 18,248 | 181,568 | |
Ace Global Business Acquisition Ltd. | 1,698 | 17,099 | |
Aequi Acquisition Corp. Class A | 15,324 | 149,715 | |
AF Acquisition Corp. Class A | 1,336 | 13,013 | |
Agba Acquisition Ltd. (a) | 972 | 10,731 | |
Agile Growth Corp. Class A | 3,359 | 32,851 | |
Alerus Financial Corp. | 7,551 | 227,285 | |
Altimeter Growth Corp. (a)(b) | 60,554 | 770,247 | |
Altitude Acquisition Corp. Class A | 25,814 | 255,042 | |
American Acquisition Opportunity, Inc. Class A | 2,024 | 20,200 | |
Anzu Special Acquisition Corp. I Class A | 3,388 | 32,999 | |
ArcLight Clean Transition Corp. II | 1,015 | 9,967 | |
Aries I Acquisition Corp. Class A | 2,039 | 20,370 | |
Arrowroot Acquisition Corp. Class A | 9,676 | 94,051 | |
Astrea Acquisition Corp. Class A | 2,075 | 20,605 | |
Athlon Acquisition Corp. | 19,024 | 186,055 | |
Atlantic Coastal Acquisition Corp. Class A | 3,175 | 31,083 | |
Aurora Acquisition Corp. Class A | 11,702 | 116,786 | |
Authentic Equity Acquisition Corp. | 2,062 | 20,187 | |
B. Riley Principal 150 Merger Corp. Class A | 5,102 | 52,755 | |
B. Riley Principal 250 Merger Corp. | 2,066 | 20,102 | |
BCLS Acquisition Corp. (a) | 6,186 | 60,499 | |
Better World Acquisition Corp. | 2,478 | 25,201 | |
Big Sky Growth Partners, Inc. Class A | 2,047 | 19,917 | |
Biotech Acquisition Co. Class A | 7,901 | 78,220 | |
Breeze Holdings Acquisition Corp. | 2,871 | 29,198 | |
Bridgetown 2 Holdings Ltd. (b) | 24,222 | 241,009 | |
Bridgetown Holdings Ltd. Class A | 70,587 | 694,576 | |
Bright Lights Acquisition Corp. | 17,617 | 174,056 | |
Broadscale Acquisition Corp. Class A | 6,331 | 61,980 | |
Brookline Capital Acquisition Corp. | 1,762 | 17,567 | |
Burgundy Technology Acquisition Corp. (a) | 36,353 | 363,166 | |
BYTE Acquisition Corp. Class A | 8,891 | 86,421 | |
Carney Technology Acquisition Corp. II Class A | 26,127 | 256,828 | |
Catalyst Partners Acquisition Corp. Class A | 2,073 | 20,295 | |
CF Acquisition Corp. IV Class A | 33,157 | 324,939 | |
CF Acquisition Corp. VIII Class A | 4,077 | 40,444 | |
CHP Merger Corp. Class A (a) | 15,418 | 155,413 | |
CM Life Sciences III, Inc. Class A | 9,337 | 92,997 | |
Codere Online Luxembourg SA | 1,358 | 12,820 | |
Corazon Capital V838 Monoceros Corp. | 2,616 | 25,375 | |
Corner Growth Acquisition Corp. | 40,191 | 393,872 | |
COVA Acquisition Corp. Class A | 17,610 | 171,521 | |
Data Knights Acquisition Corp. Class A | 2,020 | 20,392 | |
Decarbonization Plus Acquisition Corp. III Class A | 30,710 | 365,142 | |
DHB Capital Corp. | 1,028 | 9,972 | |
DHC Acquisition Corp. | 8,014 | 78,297 | |
DiamondHead Holdings Corp. | 17,651 | 172,980 | |
Digital Transformation Opportunities Corp. | 2,055 | 20,036 | |
Digital World Acquisition Corp. (b) | 16,080 | 665,551 | |
Dragoneer Growth Opportunities Corp. III | 52,306 | 522,014 | |
Duddell Street Acquisition Corp. Class A | 15,055 | 149,045 | |
Dune Acquisition Corp. | 29,372 | 291,370 | |
Dynamics Special Purpose Corp. | 34,157 | 337,471 | |
E.Merge Technology Acquisition Corp. Class A (a) | 80,181 | 788,179 | |
East Resources Acquisition Co. (a) | 8,051 | 79,705 | |
Edify Acquisition Corp. | 21,442 | 209,060 | |
Edoc Acquisition Corp. Class A | 445 | 4,535 | |
EdtechX Holdings Acquisition Corp. II | 600 | 5,988 | |
EJF Acquisition Corp. Class A (b) | 4,809 | 47,898 | |
Environmental Impact Acquisition Corp. Class A | 18,521 | 184,284 | |
Epiphany Technology Acquisition Corp. Class A | 27,590 | 269,830 | |
European Sustainable Growth Acquisition Corp. Class A | 3,032 | 30,441 | |
Evo Acquisition Corp. Class A | 4,736 | 46,318 | |
Fifth Wall Acquisition Corp. III Class A | 52,330 | 517,544 | |
FinServ Acquisition Corp. II Class A | 1,027 | 10,003 | |
First Reserve Sustainable Growth Corp. (b) | 1,031 | 10,228 | |
FlexShopper, Inc. (a) | 5,973 | 15,112 | |
Foresight Acquisition Corp. Class A (b) | 63,132 | 621,219 | |
Fortistar Sustainable Solution Corp. Class A | 18,237 | 178,358 | |
FoxWayne Enterprises Acquisition Corp. Class A | 2,038 | 20,217 | |
Frazier Lifesciences Acquisition Corp. Class A | 5,931 | 57,946 | |
FTAC Athena Acquisition Corp. Class A | 4,197 | 41,760 | |
FTAC Hera Acquisition Corp. | 23,195 | 227,775 | |
Gaming & Hospitality Acquisition Corp. | 564 | 5,516 | |
GigInternational1, Inc. | 1,949 | 19,354 | |
Glenfarne Merger Corp. | 1,027 | 10,106 | |
Global Partner Acquisition Corp. II Class A | 7,062 | 68,890 | |
Global Synergy Acquisition Corp. Class A | 13,599 | 134,086 | |
Globis Acquisition Corp. | 7,932 | 80,113 | |
Goal Acquisitions Corp. | 28,893 | 282,285 | |
Gobi Acquisition Corp. Class A | 4,288 | 41,508 | |
Gores Guggenheim, Inc. Class A (b) | 43,100 | 580,126 | |
Gores Holdings VII, Inc. Class A | 19,925 | 196,261 | |
Gores Metropoulos II, Inc. (b) | 28,128 | 279,311 | |
Group Nine Acquisition Corp. Class A | 15,955 | 155,083 | |
Growth Capital Acquisition Corp. (b) | 8,754 | 87,277 | |
GWG Holdings, Inc. (a)(b) | 13,560 | 115,396 | |
GX Acquisition Corp. II | 1,289 | 12,568 | |
Hamilton Lane Alliance Holdings I, Inc. | 7,716 | 75,462 | |
Health Sciences Acquisitions Corp. 2 (a) | 10,388 | 102,530 | |
Healthcare Capital Corp. Class A (b) | 4,380 | 43,493 | |
Healthcare Services Acquisition Corp. | 73,043 | 714,361 | |
HealthCor Catalio Acquisition Corp. | 11,300 | 112,774 | |
Helix Acquisition Corp. (a) | 1,755 | 17,427 | |
Hennessy Capital Investment Corp. V Class A | 57,321 | 563,465 | |
Hudson Capital, Inc. (a)(b) | 16,721 | 36,619 | |
Hudson Executive Investment Corp. II | 5,319 | 52,126 | |
HumanCo Acquisition Corp. | 23,623 | 233,631 | |
INSU Acquisition Corp. III | 14,245 | 139,174 | |
Iron Spark I, Inc. Class A | 49,315 | 494,136 | |
ITHAX Acquisition Corp. | 11,918 | 116,320 | |
Jack Creek Investment Corp. (a) | 6,844 | 66,934 | |
Kadem Sustainable Impact Corp. Class A | 1,430 | 13,900 | |
Khosla Ventures Acquisition Co. III | 58,924 | 585,115 | |
Kismet Acquisition Three Corp. (b) | 3,147 | 30,652 | |
KludeIn I Acquisition Corp. | 13,003 | 128,080 | |
L Catterton Asia Acquisition Corp. Class A | 9,424 | 91,978 | |
Landcadia Holdings IV, Inc. Class A | 21,116 | 207,359 | |
Lazard Growth Acquisition Corp. I | 28,325 | 277,019 | |
LDH Growth Corp. I Class A | 6,968 | 68,426 | |
Lefteris Acquisition Corp. (a) | 2,281 | 22,399 | |
Lerer Hippeau Acquisition Corp. Class A (b) | 44,740 | 437,557 | |
Levere Holdings Corp. Class A | 5,616 | 55,261 | |
Liberty Media Acquisition Corp. | 44,581 | 456,955 | |
LightJump Acquisition Corp. | 1,028 | 10,136 | |
Lionheart Acquisition Corp. II Class A (a) | 14,587 | 145,432 | |
LM Funding America, Inc. (a)(b) | 6,078 | 32,092 | |
LMF Acquisition Opportunities, Inc. | 1,152 | 11,589 | |
Lux Health Tech Acquisition Corp. | 42,873 | 422,299 | |
Malacca Straits Acquisition Co. Ltd. Class A (a) | 6,813 | 68,062 | |
Mallard Acquisition Corp. (b) | 2,022 | 20,200 | |
Maquia Capital Acquisition Corp. Class A | 18,767 | 188,608 | |
Marlin Business Services Corp. | 10,171 | 233,424 | |
Marlin Technology Corp. | 24,047 | 234,939 | |
MCAP Acquisition Corp. Class A | 12,198 | 121,492 | |
Medicus Sciences Acquisition Corp. Class A | 6,279 | 60,969 | |
MedTech Acquisition Corp. Class A (b) | 18,606 | 185,502 | |
Merida Merger Corp. I (a) | 2,396 | 23,984 | |
Monument Circle Acquisition Corp. Class A | 14,950 | 146,510 | |
Moringa Acquisition Corp. Class A | 2,471 | 24,092 | |
MSD Acquisition Corp. Class A | 20,336 | 201,326 | |
Mudrick Capital Acquisition Corp. II Class A (b) | 19,128 | 190,706 | |
Natural Order Acquisition Corp. | 23,611 | 232,332 | |
New Vista Acquisition Corp. | 3,101 | 30,235 | |
Newbury Street Acquisition Corp. | 3,186 | 30,968 | |
NextGen Acquisition Corp. II Class A | 48,111 | 489,289 | |
NightDragon Acquisition Corp. | 3,733 | 36,639 | |
Noble Rock Acquisition Corp. Class A | 10,316 | 100,684 | |
Nocturne Acquisition Corp. | 2,352 | 23,496 | |
North Atlantic Acquisition Corp. Class A | 14,984 | 146,544 | |
OCA Acquisition Corp. Class A | 510 | 5,069 | |
One Equity Partners Open Water I Corp. | 5,411 | 52,487 | |
Orion Acquisition Corp. Class A | 1,325 | 12,892 | |
OTR Acquisition Corp. Class A | 4,547 | 45,879 | |
Oyster Enterprises Acquisition Corp. Class A | 3,490 | 34,237 | |
Plum Acquisition Corp. I Class A | 4,379 | 42,564 | |
Population Health Investment Co., Inc. | 12,972 | 126,996 | |
Power & Digital Infrastructure Acquisition I Corp. | 10,744 | 137,308 | |
Powered Brands Class A | 7,352 | 71,756 | |
Priveterra Acquisition Corp. | 7,692 | 75,151 | |
Property Solutions Acquisition Corp. II Class A | 2,457 | 24,005 | |
PropTech Investment Corp. II | 12,250 | 119,070 | |
Prospector Capital Corp. Class A | 28,382 | 277,576 | |
Provident Acquisition Corp. Class A | 17,899 | 175,052 | |
PWP Forward Acquisition Corp. I Class A | 3,063 | 29,956 | |
Queen's Gambit Growth Capital Class A | 22,172 | 220,390 | |
Research Alliance Corp. II | 7,944 | 77,295 | |
Revolution Healthcare Acquisition Corp. | 16,274 | 159,160 | |
RMG Acquisition Corp. III Class A | 18,418 | 180,312 | |
Roman DBDR Tech Acquisition Corp. | 50,906 | 517,714 | |
Rosecliff Acquisition Corp. I | 1,036 | 10,246 | |
Roth CH Acquisition III Co. | 22,514 | 224,465 | |
RXR Acquisition Corp. | 4,207 | 41,060 | |
Science Strategic Acquisition Corp. Alpha | 4,469 | 43,886 | |
ScION Tech Growth I Class A | 57,249 | 559,895 | |
SCP & CO Healthcare Acquisition Co. | 1,036 | 10,101 | |
Seven Oaks Acquisition Corp. Class A | 66,335 | 663,350 | |
Silver Crest Acquisition Corp. | 6,196 | 60,845 | |
Silver Spike Acquisition Corp. II Class A | 5,656 | 55,316 | |
Slam Corp. | 8,240 | 80,093 | |
Social Capital Suvretta Holdings Corp. I | 2,008 | 19,960 | |
Social Capital Suvretta Holdings Corp. II (b) | 2,016 | 20,059 | |
Social Capital Suvretta Holdings Corp. III | 2,016 | 19,898 | |
Social Capital Suvretta Holdings Corp. IV | 2,024 | 19,997 | |
Sports Ventures Acquisition Corp. Class A | 15,350 | 150,123 | |
SportsTek Acquisition Corp. Class A | 4,954 | 48,351 | |
Spring Valley Acquisition Corp. (b) | 10,813 | 107,697 | |
Sustainable Development Acquisition I Corp. Class A | 18,971 | 185,916 | |
SVF Investment Corp. | 43,423 | 437,270 | |
SWK Holdings Corp. (a)(b) | 5,279 | 100,407 | |
Tastemaker Acquisition Corp. Class A | 21,074 | 207,579 | |
Tech and Energy Transition Corp. Class A | 4,497 | 43,801 | |
Tekkorp Digital Acquisition Corp. (a) | 21,539 | 212,159 | |
Thayer Ventures Acquisition Corp. | 14,243 | 144,709 | |
The Oncology Institute, Inc. (a) | 3,048 | 19,782 | |
Thimble Point Acquisition Corp. Class A (b) | 8,998 | 85,031 | |
Thunder Bridge Capital Partners III, Inc. Class A | 14,275 | 139,752 | |
Tishman Speyer Innovation Corp. II | 3,639 | 35,517 | |
Tribe Capital Growth Corp. I Class A | 1,031 | 10,042 | |
Tuatara Capital Acquisition Corp. | 11,671 | 115,543 | |
Turmeric Acquisition Corp. | 3,212 | 31,413 | |
Tuscan Holdings Corp. II (a) | 37,333 | 378,930 | |
TZP Strategies Acquisition Corp. | 4,358 | 42,665 | |
VectoIQ Acquisition Corp. II | 21,822 | 213,419 | |
Vector Acquisition Corp. II Class A | 86,388 | 850,922 | |
Ventoux CCM Acquisition Corp. | 11,540 | 115,400 | |
Venus Acquisition Corp. | 2,403 | 24,174 | |
Vickers Vantage Corp. I | 10,324 | 103,859 | |
VPC Impact Acquisition Holding II Class A (b) | 7,166 | 70,800 | |
Waldencast Acquisition Corp. | 1,025 | 10,189 | |
Yellowstone Acquisition Co. | 12,334 | 124,943 | |
Z-Work Acquisition Corp. Class A | 3,290 | 32,143 | |
Zanite Acquisition Corp. | 28,569 | 289,975 | |
31,654,387 | |||
Insurance - 0.6% | |||
American National Group, Inc. | 14,592 | 2,761,536 | |
Amerisafe, Inc. | 9,587 | 508,974 | |
Arch Capital Group Ltd. (a) | 224,348 | 9,059,172 | |
Atlantic American Corp. (b) | 8,809 | 33,915 | |
Brighthouse Financial, Inc. (a) | 49,177 | 2,390,494 | |
BRP Group, Inc. (a) | 28,126 | 1,041,787 | |
Cincinnati Financial Corp. | 89,121 | 10,150,882 | |
Conifer Holdings, Inc. (a) | 3,312 | 7,916 | |
Donegal Group, Inc. Class A | 18,229 | 247,914 | |
eHealth, Inc. (a) | 14,424 | 318,482 | |
Enstar Group Ltd. (a) | 10,255 | 2,287,891 | |
Erie Indemnity Co. Class A | 25,749 | 4,784,422 | |
Fanhua, Inc. ADR (b) | 18,931 | 242,317 | |
Fednat Holding Co. | 5,734 | 8,830 | |
FG Financial Group, Inc. (a)(b) | 3,213 | 11,246 | |
Global Indemnity Group LLC Class A | 7,184 | 186,784 | |
GoHealth, Inc. (a) | 2,854 | 10,103 | |
Goosehead Insurance | 10,135 | 1,330,928 | |
Greenlight Capital Re, Ltd. (a) | 7,844 | 53,025 | |
Hallmark Financial Services, Inc. (a) | 8,243 | 32,972 | |
Health Assurance Acquisition Corp. | 57,066 | 560,388 | |
International General Insurance Holdings Ltd. | 24,436 | 192,556 | |
Investors Title Co. | 1,165 | 251,640 | |
James River Group Holdings Ltd. | 23,911 | 632,207 | |
Kingstone Companies, Inc. | 5,340 | 26,273 | |
Kinsale Capital Group, Inc. | 12,932 | 2,689,856 | |
Maiden Holdings Ltd. (a) | 52,310 | 156,930 | |
MetroMile, Inc. (a) | 212,292 | 539,222 | |
Midwest Holding, Inc. | 1,575 | 24,098 | |
National Western Life Group, Inc. | 1,743 | 354,962 | |
NI Holdings, Inc. (a) | 13,483 | 249,975 | |
Oxbridge Re Holdings Ltd. (a) | 5,511 | 24,028 | |
Palomar Holdings, Inc. (a) | 14,396 | 1,052,060 | |
Principal Financial Group, Inc. | 150,471 | 10,319,301 | |
Safety Insurance Group, Inc. | 8,823 | 681,753 | |
Selective Insurance Group, Inc. | 32,232 | 2,434,805 | |
Sirius International Insurance rights 3/1/23 (a)(c) | 58,865 | 215,770 | |
State Auto Financial Corp. | 24,058 | 1,238,025 | |
Tian Ruixiang Holdings Ltd. | 1,504 | 3,249 | |
Tiptree, Inc. | 21,813 | 284,223 | |
Trean Insurance Group, Inc. (a) | 28,354 | 238,457 | |
Trupanion, Inc. (a) | 22,228 | 2,741,157 | |
Unico American Corp. (a) | 851 | 2,689 | |
United Fire Group, Inc. | 8,472 | 177,234 | |
United Insurance Holdings Corp. | 1,147 | 4,737 | |
Vericity, Inc. | 6,650 | 54,331 | |
Willis Towers Watson PLC | 71,539 | 16,156,368 | |
76,775,884 | |||
Mortgage Real Estate Investment Trusts - 0.0% | |||
AGNC Investment Corp. | 298,775 | 4,568,270 | |
Manhattan Bridge Capital, Inc. | 8,746 | 48,540 | |
New York Mortgage Trust, Inc. | 215,859 | 805,154 | |
5,421,964 | |||
Thrifts & Mortgage Finance - 0.2% | |||
1895 Bancorp of Wisconsin, Inc. | 3,059 | 33,037 | |
America First Tax Exempt Investors LP | 39,141 | 248,154 | |
Blue Foundry Bancorp | 14,520 | 211,556 | |
Bogota Financial Corp. (a)(b) | 8,810 | 89,157 | |
Bridgewater Bancshares, Inc. (a) | 11,181 | 191,083 | |
Broadway Financial Corp. (a) | 16,771 | 44,275 | |
Capitol Federal Financial, Inc. | 85,642 | 972,893 | |
Carver Bancorp, Inc. (a) | 7,032 | 82,485 | |
Columbia Financial, Inc. (a) | 65,632 | 1,197,128 | |
Cullman Bancorp, Inc. (b) | 1,695 | 20,899 | |
Enact Holdings, Inc. | 86,100 | 1,787,436 | |
FS Bancorp, Inc. | 6,150 | 199,629 | |
GigCapital4, Inc. (b) | 61,958 | 619,580 | |
Greene County Bancorp, Inc. | 4,298 | 145,272 | |
Guaranty Federal Bancshares, Inc. | 453 | 14,333 | |
Hingham Institution for Savings | 1,454 | 567,932 | |
HMN Financial, Inc. (a) | 3,382 | 80,593 | |
Home Bancorp, Inc. | 7,434 | 300,631 | |
Home Point Capital, Inc. (b) | 64,166 | 247,039 | |
Kearny Financial Corp. | 54,137 | 688,081 | |
Luther Burbank Corp. | 20,688 | 285,288 | |
Magyar Bancorp, Inc. | 3,540 | 42,480 | |
Merchants Bancorp | 14,760 | 673,204 | |
Mr. Cooper Group, Inc. (a) | 46,844 | 1,839,564 | |
NMI Holdings, Inc. (a) | 48,402 | 948,679 | |
Northeast Community Bancorp, Inc. | 1,901 | 21,006 | |
Northfield Bancorp, Inc. | 31,683 | 533,859 | |
Northwest Bancshares, Inc. | 81,605 | 1,083,714 | |
Oconee Federal Financial Corp. (b) | 878 | 20,229 | |
OP Bancorp | 3,399 | 46,226 | |
PB Bankshares, Inc. | 871 | 11,924 | |
PCSB Financial Corp. | 16,016 | 291,491 | |
PDL Community Bancorp (a) | 9,355 | 140,699 | |
Pioneer Bancorp, Inc. (a) | 10,879 | 135,770 | |
Premier Financial Corp. | 24,001 | 705,629 | |
Provident Bancorp, Inc. | 14,544 | 263,392 | |
Prudential Bancorp, Inc. (b) | 6,449 | 91,963 | |
Randolph Bancorp, Inc. | 3,346 | 79,969 | |
Riverview Bancorp, Inc. | 15,015 | 111,561 | |
Security National Financial Corp. Class A | 7,403 | 65,961 | |
Southern Missouri Bancorp, Inc. | 6,368 | 340,115 | |
Sterling Bancorp, Inc. (a) | 23,636 | 127,398 | |
TC Bancshares, Inc. (b) | 3,351 | 44,903 | |
Territorial Bancorp, Inc. | 4,189 | 105,479 | |
TFS Financial Corp. | 158,932 | 2,860,776 | |
Timberland Bancorp, Inc. | 5,704 | 157,373 | |
Trustco Bank Corp., New York | 10,680 | 348,809 | |
Washington Federal, Inc. | 41,513 | 1,348,757 | |
Waterstone Financial, Inc. | 16,746 | 347,480 | |
Western New England Bancorp, Inc. | 19,217 | 169,302 | |
William Penn Bancorp, Inc. | 6,289 | 76,097 | |
WSFS Financial Corp. | 28,977 | 1,440,736 | |
22,501,026 | |||
TOTAL FINANCIALS | 626,594,478 | ||
HEALTH CARE - 8.6% | |||
Biotechnology - 4.6% | |||
180 Life Sciences Corp. (a)(b) | 16,870 | 107,631 | |
2seventy bio, Inc. | 1,891 | 49,809 | |
4D Molecular Therapeutics, Inc. (b) | 6,289 | 144,647 | |
89Bio, Inc. (a)(b) | 20,110 | 265,653 | |
Aadi Bioscience, Inc. (a) | 1,494 | 32,106 | |
Aadi Bioscience, Inc. rights (a)(c) | 22,410 | 448 | |
Abcam PLC ADR (a) | 11,087 | 251,231 | |
Abeona Therapeutics, Inc. (a)(b) | 85,883 | 59,173 | |
AC Immune SA (a)(b) | 37,118 | 190,415 | |
ACADIA Pharmaceuticals, Inc. (a) | 158,537 | 3,043,910 | |
Achieve Life Sciences, Inc. (a)(b) | 10,358 | 74,578 | |
Achilles Therapeutics PLC ADR (b) | 17,591 | 89,714 | |
Acorda Therapeutics, Inc. (a)(b) | 6,110 | 15,886 | |
Acumen Pharmaceuticals, Inc. | 21,758 | 171,888 | |
Acurx Pharmaceuticals, Inc. (b) | 8,683 | 41,852 | |
Adagene, Inc. ADR | 4,551 | 37,409 | |
Adagio Theraputics, Inc. (b) | 44,890 | 2,111,626 | |
Adamas Pharmaceuticals, Inc.: | |||
rights (a)(c) | 26,195 | 1,572 | |
rights (a)(c) | 26,195 | 1,572 | |
Adaptimmune Therapeutics PLC sponsored ADR (a) | 72,769 | 301,991 | |
Adicet Bio, Inc. (a) | 16,194 | 172,304 | |
Adicet Bio, Inc. rights (a)(c) | 3,438 | 0 | |
Aditxt, Inc. (a)(b) | 88,924 | 104,041 | |
ADMA Biologics, Inc. (a)(b) | 73,977 | 102,088 | |
Advaxis, Inc. (a)(b) | 132,082 | 48,870 | |
Adverum Biotechnologies, Inc. (a) | 11,628 | 20,233 | |
Aeglea BioTherapeutics, Inc. (a) | 27,375 | 170,820 | |
Aerovate Therapeutics, Inc. (b) | 13,597 | 186,415 | |
Aeterna Zentaris, Inc. (a)(b) | 91,492 | 43,477 | |
Affimed NV (a) | 64,697 | 441,234 | |
Agenus, Inc. (a) | 122,707 | 386,527 | |
Agios Pharmaceuticals, Inc. (a) | 36,284 | 1,292,436 | |
Aikido Pharma, Inc. (a)(b) | 77,209 | 57,135 | |
Aileron Therapeutics, Inc. (a) | 80,786 | 49,837 | |
Akebia Therapeutics, Inc. (a) | 81,930 | 222,030 | |
Akero Therapeutics, Inc. (a)(b) | 19,689 | 418,588 | |
Akouos, Inc. (a)(b) | 29,082 | 223,641 | |
Albireo Pharma, Inc. (a) | 10,788 | 258,804 | |
Aldeyra Therapeutics, Inc. (a) | 30,129 | 231,089 | |
Alector, Inc. (a) | 43,832 | 905,131 | |
Aligos Therapeutics, Inc. (a)(b) | 30,622 | 469,129 | |
Alkermes PLC (a) | 85,965 | 1,884,353 | |
Allakos, Inc. (a) | 29,236 | 2,290,641 | |
Allena Pharmaceuticals, Inc. (a)(b) | 79,230 | 53,924 | |
Allogene Therapeutics, Inc. (a)(b) | 79,583 | 1,471,490 | |
Allovir, Inc. (a)(b) | 36,743 | 641,533 | |
Alnylam Pharmaceuticals, Inc. (a) | 65,197 | 11,983,209 | |
Alpine Immune Sciences, Inc. (a)(b) | 16,822 | 182,182 | |
Alterity Therapeutics Ltd. ADR (a)(b) | 12,128 | 11,883 | |
Altimmune, Inc. (a) | 48,202 | 505,639 | |
ALX Oncology Holdings, Inc. (a) | 22,323 | 717,908 | |
Amarin Corp. PLC ADR (a)(b) | 214,385 | 771,786 | |
Amgen, Inc. | 318,827 | 63,408,314 | |
Amicus Therapeutics, Inc. (a) | 268,763 | 2,878,452 | |
AnaptysBio, Inc. (a) | 15,023 | 485,994 | |
Anavex Life Sciences Corp. (a) | 41,216 | 799,590 | |
Anika Therapeutics, Inc. (a) | 7,769 | 304,001 | |
Anixa Biosciences, Inc. (a) | 24,102 | 87,731 | |
Annexon, Inc. (a) | 20,751 | 338,034 | |
AnPac Bio-Medical Science Co. Ltd. ADR (a) | 4,794 | 8,054 | |
Apellis Pharmaceuticals, Inc. (a) | 44,582 | 1,876,011 | |
Applied Genetic Technologies Corp. (a) | 30,636 | 66,480 | |
Applied Molecular Transport, Inc. (a) | 20,993 | 356,881 | |
Applied Therapeutics, Inc. (a) | 23,060 | 264,729 | |
Aprea Therapeutics, Inc. (a)(b) | 54,775 | 221,291 | |
Aptevo Therapeutics, Inc. (a)(b) | 4,393 | 43,754 | |
Aptinyx, Inc. (a) | 71,538 | 164,537 | |
Aptorum Group Ltd. (a) | 24,136 | 45,617 | |
Aptose Biosciences, Inc. (a) | 32,455 | 71,401 | |
AquaBounty Technologies, Inc. (a) | 39,718 | 104,061 | |
AquaMed Technologies, Inc. (a)(c) | 19,156 | 0 | |
Aravive, Inc. (a)(b) | 17,702 | 57,000 | |
Arbutus Biopharma Corp. (a) | 61,977 | 198,326 | |
ARCA Biopharma, Inc. (a)(b) | 25,116 | 59,274 | |
Arcturus Therapeutics Holdings, Inc. (a)(b) | 14,340 | 570,015 | |
Arcutis Biotherapeutics, Inc. (a) | 27,809 | 460,795 | |
Ardelyx, Inc. (a) | 7,211 | 8,221 | |
Arena Pharmaceuticals, Inc. (a) | 71,107 | 3,874,620 | |
Argenx SE ADR (a) | 15,908 | 4,441,673 | |
Aridis Pharmaceuticals, Inc. (a) | 6,013 | 13,589 | |
Arrowhead Pharmaceuticals, Inc. (a) | 57,837 | 4,051,482 | |
Ascendis Pharma A/S sponsored ADR (a) | 29,581 | 4,053,189 | |
Aslan Pharmaceuticals Ltd. ADR (a) | 39,841 | 57,371 | |
Assembly Biosciences, Inc. (a) | 29,090 | 66,907 | |
Astria Therapeutics, Inc. (a) | 35,459 | 225,519 | |
Atara Biotherapeutics, Inc. (a) | 45,129 | 807,358 | |
Athersys, Inc. (a)(b) | 129,595 | 137,371 | |
Atossa Therapeutics, Inc. (a) | 65,687 | 149,109 | |
aTyr Pharma, Inc. (a)(b) | 16,950 | 141,363 | |
Aurinia Pharmaceuticals, Inc. (a)(b) | 70,118 | 1,321,023 | |
Autolus Therapeutics PLC ADR (a)(b) | 198,485 | 1,276,259 | |
Avalo Therapeutics, Inc. (a) | 54,570 | 109,140 | |
AVEO Pharmaceuticals, Inc. (a) | 19,123 | 120,284 | |
Avid Bioservices, Inc. (a) | 33,787 | 1,032,531 | |
Avidity Biosciences, Inc. (a) | 36,339 | 811,450 | |
Avita Medical, Inc. (a) | 12,445 | 171,243 | |
AVROBIO, Inc. (a) | 1,470 | 5,645 | |
Axcella Health, Inc. (a) | 23,744 | 69,332 | |
Ayala Pharmaceuticals, Inc. (a)(b) | 8,757 | 83,192 | |
Aziyo Biologics, Inc. (a)(b) | 1,842 | 9,247 | |
Beam Therapeutics, Inc. (a)(b) | 35,411 | 2,802,781 | |
BeiGene Ltd. ADR (a) | 27,822 | 9,668,980 | |
Bellicum Pharmaceuticals, Inc. (a)(b) | 22,867 | 39,789 | |
BELLUS Health, Inc. (a) | 56,818 | 339,203 | |
Benitec Biopharma, Inc. (a) | 11,813 | 36,148 | |
BeyondSpring, Inc. (a)(b) | 20,183 | 257,737 | |
Bicycle Therapeutics PLC ADR (a) | 9,880 | 531,050 | |
Bio Path Holdings, Inc. (a) | 15,100 | 66,893 | |
BioAtla, Inc. | 17,439 | 440,335 | |
BioCardia, Inc. (a) | 7,220 | 14,801 | |
Biocept, Inc. (a) | 5,682 | 22,444 | |
BioCryst Pharmaceuticals, Inc. (a)(b) | 100,594 | 1,213,164 | |
Biogen, Inc. (a) | 83,588 | 19,705,035 | |
BioLine RX Ltd. sponsored ADR (a)(b) | 32,026 | 84,228 | |
BioMarin Pharmaceutical, Inc. (a) | 101,825 | 8,786,479 | |
Biomea Fusion, Inc. | 14,338 | 173,060 | |
BioNTech SE ADR (a) | 45,062 | 15,850,108 | |
BioVie, Inc. (a)(b) | 2,545 | 16,390 | |
BioXcel Therapeutics, Inc. (a)(b) | 13,010 | 298,319 | |
bluebird bio, Inc. (a) | 106,368 | 1,075,380 | |
Blueprint Medicines Corp. (a) | 32,675 | 3,143,335 | |
Bolt Biotherapeutics, Inc. (b) | 22,537 | 208,918 | |
BrainStorm Cell Therpeutic, Inc. (a)(b) | 23,733 | 90,185 | |
BriaCell Therapeutics Corp. (a)(b) | 32,089 | 315,756 | |
Brickell Biotech, Inc. (a)(b) | 104,535 | 32,197 | |
BridgeBio Pharma, Inc. (a)(b) | 83,452 | 3,379,806 | |
Burning Rock Biotech Ltd. ADR (a) | 8,133 | 125,736 | |
C4 Therapeutics, Inc. (a) | 24,762 | 919,165 | |
Cabaletta Bio, Inc. (a) | 14,388 | 166,613 | |
Calithera Biosciences, Inc. (a) | 23,558 | 19,497 | |
Calyxt, Inc. (a) | 21,320 | 61,402 | |
Candel Therapeutics, Inc. (b) | 5,148 | 53,333 | |
Capricor Therapeutics, Inc. (a)(b) | 16,945 | 57,105 | |
Cardiff Oncology, Inc. (a)(b) | 11,556 | 64,945 | |
CareDx, Inc. (a) | 28,929 | 1,247,997 | |
Caribou Biosciences, Inc. | 29,872 | 555,320 | |
CASI Pharmaceuticals, Inc. (a) | 222,212 | 199,102 | |
Catalyst Biosciences, Inc. (a) | 25,124 | 30,149 | |
Catalyst Pharmaceutical Partners, Inc. (a) | 54,980 | 384,860 | |
Celcuity, Inc. (a) | 9,722 | 146,802 | |
Celldex Therapeutics, Inc. (a) | 25,225 | 961,073 | |
Cellectar Biosciences, Inc. (a) | 59,420 | 41,059 | |
Cellectis SA sponsored ADR (a)(b) | 10,776 | 92,889 | |
Celsion Corp. (a) | 65,520 | 50,398 | |
Celularity, Inc. Class A (a)(b) | 66,554 | 428,608 | |
Centogene NV (a)(b) | 11,156 | 74,187 | |
Century Therapeutics, Inc. (b) | 30,206 | 577,237 | |
Cerevel Therapeutics Holdings (a) | 75,724 | 2,361,832 | |
Checkmate Pharmaceuticals, Inc. (a) | 10,139 | 37,007 | |
Checkpoint Therapeutics, Inc. (a)(b) | 44,383 | 131,374 | |
ChemoCentryx, Inc. (a) | 56,751 | 2,058,926 | |
Chemomab Therapeutics Ltd. ADR (a)(b) | 11,737 | 108,567 | |
Chimerix, Inc. (a) | 52,138 | 327,948 | |
Chinook Therapeutics, Inc. (a) | 24,522 | 392,597 | |
Chinook Therapeutics, Inc. rights (a)(c) | 11,497 | 575 | |
Cidara Therapeutics, Inc. (a) | 42,629 | 63,517 | |
Clementia Pharmaceuticals, Inc. rights (a)(c) | 21,066 | 28,439 | |
Clene, Inc. (b) | 32,147 | 182,916 | |
Clovis Oncology, Inc. (a)(b) | 58,413 | 184,585 | |
Codiak Biosciences, Inc. (a) | 11,862 | 151,241 | |
Cogent Biosciences, Inc. (a) | 26,227 | 207,718 | |
Cogent Biosciences, Inc. rights (a)(c) | 12,548 | 0 | |
CohBar, Inc. (a) | 107,739 | 52,738 | |
Coherus BioSciences, Inc. (a) | 43,446 | 806,792 | |
Collplant Biotechnologies Ltd. (a) | 5,925 | 102,858 | |
Compass Pathways PLC ADR (a) | 9,295 | 308,594 | |
Concert Pharmaceuticals, Inc. (a)(b) | 15,132 | 51,146 | |
Connect Biopharma Holdings Ltd. ADR | 4,958 | 21,567 | |
ContraFect Corp. (a)(b) | 24,369 | 83,098 | |
Corbus Pharmaceuticals Holdings, Inc. (a) | 65,054 | 56,174 | |
Corvus Pharmaceuticals, Inc. (a) | 27,371 | 93,335 | |
Crinetics Pharmaceuticals, Inc. (a) | 20,279 | 554,022 | |
CRISPR Therapeutics AG (a)(b) | 42,155 | 3,368,185 | |
CTI BioPharma Corp. (a)(b) | 70,768 | 159,228 | |
Cue Biopharma, Inc. (a) | 38,953 | 477,564 | |
Cullinan Oncology, Inc. | 8,707 | 156,726 | |
CureVac NV (a)(b) | 95,980 | 4,628,156 | |
Curis, Inc. (a) | 54,553 | 266,219 | |
Cyclacel Pharmaceuticals, Inc. (a)(b) | 10,654 | 38,141 | |
Cyclerion Therapeutics, Inc. (a) | 50,166 | 109,362 | |
Cyclo Therapeutics, Inc. (a)(b) | 5,508 | 29,688 | |
Cytokinetics, Inc. (a)(b) | 43,218 | 1,700,196 | |
CytomX Therapeutics, Inc. (a) | 30,189 | 199,549 | |
Day One Biopharmaceuticals, Inc. (b) | 34,935 | 641,756 | |
DBV Technologies SA sponsored ADR (a)(b) | 23,666 | 70,998 | |
Decibel Therapeutics, Inc. | 8,575 | 59,168 | |
Denali Therapeutics, Inc. (a) | 64,479 | 2,982,799 | |
DermTech, Inc. (a)(b) | 10,120 | 203,210 | |
Design Therapeutics, Inc. (b) | 15,262 | 255,486 | |
DiaMedica Therapeutics, Inc. (a) | 42,740 | 159,848 | |
Dicerna Pharmaceuticals, Inc. (a) | 46,045 | 1,750,170 | |
Diffusion Pharmaceuticals, Inc. (a) | 118,257 | 43,767 | |
Dyadic International, Inc. (a)(b) | 48,866 | 183,736 | |
Dynavax Technologies Corp. (a)(b) | 63,663 | 1,028,157 | |
Dyne Therapeutics, Inc. (a) | 27,351 | 388,658 | |
Eagle Pharmaceuticals, Inc. (a)(b) | 6,544 | 312,018 | |
Edesa Biotech, Inc. (a)(b) | 16,757 | 105,904 | |
Editas Medicine, Inc. (a)(b) | 38,353 | 1,252,609 | |
Effector Therapeutics, Inc. Class A (b) | 24,005 | 157,953 | |
Eiger Biopharmaceuticals, Inc. (a) | 23,309 | 143,350 | |
Eledon Pharmaceuticals, Inc. (a) | 10,482 | 51,257 | |
Elevation Oncology, Inc. (b) | 12,156 | 78,892 | |
Eliem Therapeutics, Inc. | 12,817 | 184,437 | |
Enanta Pharmaceuticals, Inc. (a) | 11,608 | 1,024,754 | |
Enlivex Therapeutics Ltd. (a)(b) | 10,420 | 72,940 | |
Enochian Biosciences, Inc. (a)(b) | 25,710 | 322,661 | |
Ensysce Biosciences, Inc. (a)(b) | 54,930 | 86,789 | |
Entasis Therapeutics Holdings, Inc. (a)(b) | 32,026 | 82,627 | |
Entera Bio Ltd. (a)(b) | 17,597 | 58,774 | |
Epizyme, Inc. (a)(b) | 18,928 | 61,895 | |
Equillium, Inc. (a) | 18,701 | 96,871 | |
Erasca, Inc. (b) | 63,320 | 897,244 | |
Essa Pharma, Inc. (a) | 15,886 | 212,237 | |
Evaxion Biotech A/S ADR | 2,428 | 11,314 | |
Evelo Biosciences, Inc. (a)(b) | 28,905 | 249,161 | |
Evogene Ltd. (a)(b) | 59,007 | 117,424 | |
Exact Sciences Corp. (a)(b) | 95,226 | 8,129,444 | |
Exagen, Inc. (a) | 8,533 | 87,719 | |
Exelixis, Inc. (a) | 173,130 | 2,906,853 | |
Exicure, Inc. (a) | 61,235 | 28,713 | |
F-star Therapeutics, Inc. (a) | 12,945 | 66,537 | |
F-star Therapeutics, Inc.: | |||
rights (a)(c) | 1,855 | 0 | |
rights (a)(c) | 1,855 | 0 | |
Fate Therapeutics, Inc. (a) | 48,733 | 2,680,802 | |
Fennec Pharmaceuticals, Inc. (a) | 19,507 | 85,636 | |
FibroGen, Inc. (a) | 79,636 | 996,246 | |
Finch Therapeutics Group, Inc. | 25,491 | 423,660 | |
Flexion Therapeutics, Inc. rights (a)(c) | 69,500 | 43,090 | |
Foghorn Therapeutics, Inc. (a)(b) | 20,484 | 237,000 | |
Forma Therapeutics Holdings, Inc. (a) | 5,420 | 78,536 | |
Fortress Biotech, Inc. (a) | 60,011 | 171,031 | |
Forward Pharma A/S sponsored ADR (a) | 4,735 | 30,730 | |
Frequency Therapeutics, Inc. (a)(b) | 4,422 | 22,552 | |
Fusion Pharmaceuticals, Inc. (a) | 25,136 | 145,789 | |
G1 Therapeutics, Inc. (a)(b) | 21,859 | 281,981 | |
Gain Therapeutics, Inc. | 5,115 | 37,033 | |
Galapagos NV sponsored ADR (a) | 4,022 | 195,389 | |
Galectin Therapeutics, Inc. (a) | 67,748 | 178,177 | |
Galecto, Inc. (a) | 6,022 | 16,982 | |
Galera Therapeutics, Inc. (a)(b) | 15,248 | 20,127 | |
Galmed Pharmaceuticals Ltd. (a)(b) | 27,177 | 68,486 | |
Gamida Cell Ltd. (a) | 12,700 | 32,512 | |
Gemini Therapeutics, Inc. (a)(b) | 1,024 | 2,826 | |
Generation Bio Co. (a) | 30,848 | 529,660 | |
Genetron Holdings Ltd. ADR (a) | 12,262 | 110,848 | |
Genfit ADR (a)(b) | 3,215 | 10,449 | |
Genmab A/S ADR (a) | 26,826 | 1,033,338 | |
Genocea Biosciences, Inc. (a)(b) | 37,574 | 50,725 | |
Genprex, Inc. (a) | 35,156 | 50,976 | |
GeoVax Labs, Inc. (a)(b) | 6,138 | 25,350 | |
Geron Corp. (a) | 182,189 | 269,640 | |
Gilead Sciences, Inc. | 695,283 | 47,925,857 | |
Global Blood Therapeutics, Inc. (a) | 34,207 | 966,690 | |
GlycoMimetics, Inc. (a) | 30,238 | 51,102 | |
Gossamer Bio, Inc. (a)(b) | 44,064 | 477,654 | |
Gracell Biotechnologies, Inc. ADR | 6,579 | 50,921 | |
Graphite Bio, Inc. (b) | 20,884 | 188,374 | |
Greenwich Lifesciences, Inc. (a) | 7,220 | 226,925 | |
Grifols SA ADR | 66,711 | 715,809 | |
Gritstone Bio, Inc. (a) | 27,675 | 365,310 | |
Gt Biopharma, Inc. (a)(b) | 30,673 | 124,839 | |
Halozyme Therapeutics, Inc. (a) | 79,102 | 2,600,874 | |
Harpoon Therapeutics, Inc. (a) | 14,671 | 90,080 | |
HCW Biologics, Inc. (b) | 21,362 | 61,309 | |
Heat Biologics, Inc. (a)(b) | 15,896 | 71,373 | |
Heron Therapeutics, Inc. (a)(b) | 165,681 | 1,565,685 | |
Histogen, Inc. (a)(b) | 52,234 | 25,072 | |
Homology Medicines, Inc. (a)(b) | 17,826 | 90,021 | |
Hookipa Pharma, Inc. (a)(b) | 14,947 | 48,279 | |
Horizon Therapeutics PLC (a) | 124,793 | 12,948,522 | |
Humacyte, Inc. Class A (b) | 30,932 | 334,994 | |
Humanigen, Inc. (a)(b) | 28,705 | 173,952 | |
I-Mab ADR (a) | 24,064 | 1,454,909 | |
Icosavax, Inc. | 9,944 | 210,415 | |
Ideaya Biosciences, Inc. (a)(b) | 20,579 | 452,738 | |
IGM Biosciences, Inc. (a)(b) | 14,073 | 702,524 | |
Imago BioSciences, Inc. (b) | 9,525 | 213,074 | |
Immatics NV (a)(b) | 33,359 | 379,292 | |
Immucell Corp. (a) | 2,008 | 18,092 | |
Immuneering Corp. (b) | 5,131 | 116,115 | |
Immunic, Inc. (a) | 24,307 | 207,339 | |
ImmunityBio, Inc. (a)(b) | 174,040 | 1,355,772 | |
Immunocore Holdings PLC ADR | 5,997 | 215,832 | |
ImmunoGen, Inc. (a) | 109,546 | 675,899 | |
Immunome, Inc. (a)(b) | 5,950 | 112,753 | |
Immunovant, Inc. (a) | 8,231 | 63,379 | |
Immutep Ltd. ADR (a)(b) | 18,722 | 64,216 | |
Impel Neuropharma, Inc. (b) | 11,977 | 110,667 | |
IMV, Inc. (a)(b) | 38,325 | 57,871 | |
In8bio, Inc. | 2,695 | 15,793 | |
Incyte Corp. (a) | 118,774 | 8,043,375 | |
Indaptus Therapeutics, Inc. | 14,122 | 84,026 | |
Infinity Pharmaceuticals, Inc. (a) | 53,051 | 115,121 | |
InflaRx NV (a)(b) | 18,991 | 95,145 | |
Inhibikase Therapeutics, Inc. (b) | 16,282 | 32,564 | |
Inhibrx, Inc. (a) | 21,784 | 880,727 | |
Inmune Bio, Inc. (a) | 18,920 | 243,122 | |
Inovio Pharmaceuticals, Inc. (a)(b) | 74,049 | 536,115 | |
Inozyme Pharma, Inc. (a) | 11,828 | 93,914 | |
Insmed, Inc. (a)(b) | 69,063 | 1,900,614 | |
Instil Bio, Inc. (b) | 70,420 | 1,547,832 | |
Intellia Therapeutics, Inc. (a) | 40,263 | 4,630,648 | |
Intercept Pharmaceuticals, Inc. (a)(b) | 18,707 | 321,947 | |
Inventiva SA ADR (a)(b) | 2,231 | 29,784 | |
Ionis Pharmaceuticals, Inc. (a) | 58,492 | 1,550,038 | |
Iovance Biotherapeutics, Inc. (a) | 156,568 | 2,930,953 | |
Ironwood Pharmaceuticals, Inc. Class A (a) | 94,574 | 1,048,826 | |
iTeos Therapeutics, Inc. (a) | 19,095 | 674,054 | |
Iveric Bio, Inc. (a) | 57,163 | 835,723 | |
Janux Therapeutics, Inc. (b) | 22,017 | 391,462 | |
Jasper Therapeutics, Inc. (a)(b) | 696 | 5,707 | |
Jounce Therapeutics, Inc. (a) | 24,576 | 188,498 | |
Kalvista Pharmaceuticals, Inc. (a) | 28,668 | 415,686 | |
Kamada (a)(b) | 25,878 | 161,220 | |
Karuna Therapeutics, Inc. (a)(b) | 17,454 | 2,232,367 | |
Karyopharm Therapeutics, Inc. (a)(b) | 168,900 | 1,173,855 | |
Kazia Therapeutics Ltd. sponsored ADR (a)(b) | 4,948 | 49,579 | |
Keros Therapeutics, Inc. (a) | 12,482 | 696,371 | |
Kezar Life Sciences, Inc. (a) | 28,429 | 394,026 | |
Kiniksa Pharmaceuticals Ltd. (a) | 21,394 | 248,598 | |
Kinnate Biopharma, Inc. (b) | 23,511 | 469,750 | |
Kintara Therapeutics, Inc. (a)(b) | 15,368 | 10,758 | |
Kiromic BioPharma, Inc. (a)(b) | 36,662 | 97,888 | |
Kodiak Sciences, Inc. (a)(b) | 28,274 | 2,596,684 | |
Kronos Bio, Inc. (a)(b) | 31,134 | 367,693 | |
Krystal Biotech, Inc. (a) | 12,300 | 990,765 | |
Kura Oncology, Inc. (a) | 31,181 | 435,287 | |
Kymera Therapeutics, Inc. (a) | 26,529 | 1,472,890 | |
La Jolla Pharmaceutical Co./California (a)(b) | 17,647 | 68,823 | |
Lantern Pharma, Inc. (a)(b) | 6,838 | 57,713 | |
Larimar Therapeutics, Inc. (a)(b) | 9,372 | 86,129 | |
LAVA Therapeutics NV (b) | 10,086 | 69,997 | |
Leap Therapeutics, Inc. (a)(b) | 56,927 | 148,579 | |
Legend Biotech Corp. ADR (a) | 15,769 | 812,261 | |
Lexicon Pharmaceuticals, Inc. (a) | 78,924 | 361,472 | |
Ligand Pharmaceuticals, Inc.: | |||
Class B (a) | 9,030 | 1,462,138 | |
General CVR (a)(c) | 1,518 | 12 | |
Glucagon CVR (a) | 1,518 | 10 | |
rights (a) | 1,518 | 11 | |
TR Beta CVR (a)(c) | 1,518 | 213 | |
Liminal BioSciences, Inc. (a)(b) | 22,737 | 29,103 | |
Lixte Biotechnology Holdings, Inc. (a)(b) | 25,794 | 41,270 | |
LogicBio Therapeutics, Inc. (a) | 23,654 | 70,962 | |
Longeveron, Inc. (b) | 5,000 | 131,300 | |
Lumos Pharma, Inc. (a) | 10,037 | 77,887 | |
Lyell Immunopharma, Inc. (b) | 134,126 | 1,280,903 | |
Macrogenics, Inc. (a) | 33,170 | 583,792 | |
Madrigal Pharmaceuticals, Inc. (a)(b) | 9,320 | 770,857 | |
Magenta Therapeutics, Inc. (a) | 44,600 | 251,098 | |
MannKind Corp. (a)(b) | 133,586 | 618,503 | |
Medicenna Therapeutics Corp. (a) | 27,633 | 51,950 | |
MediciNova, Inc. (a)(b) | 25,966 | 85,168 | |
MEI Pharma, Inc. (a) | 53,702 | 180,976 | |
MeiraGTx Holdings PLC (a) | 27,678 | 489,347 | |
Mereo Biopharma Group PLC ADR (a) | 96,630 | 170,069 | |
Merrimack Pharmaceuticals, Inc. (a) | 2,337 | 9,815 | |
Mersana Therapeutics, Inc. (a) | 16,243 | 109,478 | |
Merus BV (a)(b) | 20,484 | 532,789 | |
Mesoblast Ltd. sponsored ADR (a)(b) | 7,548 | 45,665 | |
Midatech Pharma PLC ADR (a)(b) | 7,397 | 10,837 | |
MiMedx Group, Inc. (a)(b) | 60,376 | 423,236 | |
Minerva Neurosciences, Inc. (a) | 48,003 | 46,611 | |
Mirati Therapeutics, Inc. (a) | 25,802 | 3,528,940 | |
Mirum Pharmaceuticals, Inc. (a) | 15,405 | 219,213 | |
Moderna, Inc. (a) | 222,979 | 78,584,489 | |
Molecular Partners AG ADR (b) | 1,070 | 15,066 | |
Molecular Templates, Inc. (a) | 52,167 | 209,190 | |
Moleculin Biotech, Inc. (a)(b) | 15,561 | 32,211 | |
Monopar Therapeutics, Inc. (a)(b) | 13,453 | 60,135 | |
Monte Rosa Therapeutics, Inc. (b) | 24,310 | 471,371 | |
Morphic Holding, Inc. (a) | 19,704 | 939,881 | |
Morphosys AG sponsored ADR (a) | 5,687 | 57,496 | |
Mustang Bio, Inc. (a) | 45,890 | 92,698 | |
Myriad Genetics, Inc. (a) | 42,298 | 1,093,826 | |
Nanobiotix SA ADR | 1,588 | 13,546 | |
Natera, Inc. (a) | 48,857 | 4,468,461 | |
Neoleukin Therapeutics, Inc. (a) | 22,529 | 120,755 | |
Neubase Therapeutics, Inc. (a) | 19,719 | 58,171 | |
Neurobo Pharmaceuticals, Inc. (a)(b) | 20,686 | 33,304 | |
Neurobo Pharmaceuticals, Inc. rights (a)(c) | 612 | 0 | |
Neurocrine Biosciences, Inc. (a) | 52,583 | 4,377,535 | |
Neximmune, Inc. | 11,947 | 94,381 | |
NextCure, Inc. (a) | 15,140 | 94,625 | |
Novavax, Inc. (a)(b) | 41,182 | 8,591,801 | |
Nurix Therapeutics, Inc. (a) | 24,268 | 699,404 | |
Nuvalent, Inc. Class A (b) | 17,115 | 365,063 | |
Nymox Pharmaceutical Corp. (a)(b) | 50,678 | 71,963 | |
ObsEva SA (a)(b) | 82,227 | 184,188 | |
Ocugen, Inc. (a)(b) | 109,269 | 692,765 | |
Olema Pharmaceuticals, Inc. (b) | 233 | 2,039 | |
Omega Therapeutics, Inc. | 5,845 | 105,736 | |
OncoCyte Corp. (a) | 49,349 | 111,035 | |
Oncolytics Biotech, Inc. (a) | 34,659 | 58,574 | |
Oncorus, Inc. (a)(b) | 5,013 | 27,772 | |
OncoSec Medical, Inc. (a) | 7,356 | 8,680 | |
Oncternal Therapeutics, Inc. (a)(b) | 28,548 | 84,217 | |
Oncternal Therapeutics, Inc. rights (a)(c) | 4,319 | 0 | |
OpGen, Inc. (a)(b) | 26,107 | 42,032 | |
Opko Health, Inc. (a)(b) | 378,730 | 1,488,409 | |
Opthea Ltd. ADR (a)(b) | 5,049 | 33,424 | |
Orchard Therapeutics PLC ADR (a) | 9,469 | 12,783 | |
Organogenesis Holdings, Inc. Class A (a) | 71,506 | 719,350 | |
Organovo Holdings, Inc. (a)(b) | 6,946 | 33,271 | |
Orgenesis, Inc. (a) | 14,931 | 46,286 | |
ORIC Pharmaceuticals, Inc. (a) | 21,006 | 290,723 | |
Orphazyme A/S ADR (a)(b) | 21,566 | 69,874 | |
Outlook Therapeutics, Inc. (a) | 106,981 | 161,541 | |
Ovid Therapeutics, Inc. (a) | 34,929 | 117,012 | |
Passage Bio, Inc. (a) | 5,485 | 39,986 | |
PDS Biotechnology Corp. (a) | 17,716 | 174,503 | |
PharmaCyte Biotech, Inc. (a)(b) | 26,211 | 67,886 | |
Pharming Group NV ADR (b) | 2,093 | 16,870 | |
PhaseBio Pharmaceuticals, Inc. (a)(b) | 37,386 | 77,763 | |
Phio Pharmaceuticals Corp. (a) | 34,287 | 46,630 | |
Pieris Pharmaceuticals, Inc. (a) | 66,294 | 218,770 | |
Pluristem Therapeutics, Inc. (a)(b) | 25,169 | 68,208 | |
Plus Therapeutics, Inc. (a) | 133,500 | 201,585 | |
PMV Pharmaceuticals, Inc. (a)(b) | 21,246 | 462,101 | |
Point Biopharma Global, Inc. (a)(b) | 24,861 | 200,628 | |
Polarityte, Inc. (a)(b) | 77,220 | 35,830 | |
Portage Biotech, Inc. (a) | 6,935 | 102,153 | |
Poseida Therapeutics, Inc. (a) | 35,266 | 245,099 | |
Praxis Precision Medicines, Inc. (a) | 18,510 | 316,706 | |
Precigen, Inc. (a)(b) | 56,216 | 221,491 | |
Precision BioSciences, Inc. (a) | 32,101 | 290,835 | |
Prometheus Biosciences, Inc. | 21,186 | 629,224 | |
ProQR Therapeutics BV (a)(b) | 36,293 | 256,229 | |
Protagenic Therapeutics, Inc. (a) | 20,025 | 37,647 | |
Protagonist Therapeutics, Inc. (a) | 24,205 | 813,772 | |
Prothena Corp. PLC (a) | 25,528 | 1,280,229 | |
PTC Therapeutics, Inc. (a) | 39,121 | 1,453,736 | |
PureTech Health PLC ADR | 566 | 24,904 | |
Qualigen Therapeutics, Inc. (a)(b) | 48,887 | 71,864 | |
Radius Health, Inc. (a) | 26,855 | 442,033 | |
Rallybio Corp. | 6,148 | 79,125 | |
RAPT Therapeutics, Inc. (a) | 15,878 | 518,417 | |
Recro Pharma, Inc. (a) | 19,350 | 30,380 | |
Recursion Pharmaceuticals, Inc. (b) | 78,100 | 1,493,272 | |
Regeneron Pharmaceuticals, Inc. (a) | 58,130 | 37,001,489 | |
REGENXBIO, Inc. (a) | 22,282 | 713,024 | |
Regulus Therapeutics, Inc. (a)(b) | 67,351 | 26,099 | |
Relay Therapeutics, Inc. (a)(b) | 85,939 | 2,528,325 | |
Reneo Pharmaceuticals, Inc. (b) | 13,048 | 89,770 | |
RenovoRx, Inc. (b) | 3,794 | 26,862 | |
Repare Therapeutics, Inc. (a)(b) | 21,402 | 502,305 | |
Repligen Corp. (a) | 30,619 | 8,772,344 | |
Replimune Group, Inc. (a) | 25,355 | 722,364 | |
Revolution Medicines, Inc. (a)(b) | 40,970 | 1,133,230 | |
Rezolute, Inc. (a)(b) | 3,888 | 19,596 | |
Rhythm Pharmaceuticals, Inc. (a) | 12,934 | 115,759 | |
Rigel Pharmaceuticals, Inc. (a)(b) | 90,653 | 242,044 | |
Rocket Pharmaceuticals, Inc. (a)(b) | 31,620 | 772,477 | |
Rubius Therapeutics, Inc. (a)(b) | 30,786 | 380,515 | |
S.A.B. Biotherapeutics, Inc. (b) | 6,967 | 75,871 | |
Sage Therapeutics, Inc. (a) | 14,472 | 563,106 | |
Salarius Pharmaceuticals, Inc. (a)(b) | 35,070 | 22,796 | |
Salarius Pharmaceuticals, Inc. warrants 1/20/25 (a)(b) | 122,366 | 519 | |
Sana Biotechnology, Inc. (b) | 100,098 | 1,902,863 | |
Sangamo Therapeutics, Inc. (a) | 79,495 | 659,014 | |
Sarepta Therapeutics, Inc. (a) | 44,450 | 3,592,005 | |
Savara, Inc. (a) | 71,163 | 76,856 | |
Scholar Rock Holding Corp. (a)(b) | 18,710 | 496,751 | |
Seagen, Inc. (a) | 100,725 | 16,116,000 | |
Selecta Biosciences, Inc. (a) | 55,947 | 167,841 | |
Sellas Life Sciences Group, Inc. (a)(b) | 12,014 | 80,974 | |
Sensei Biotherapeutics, Inc. | 15,533 | 106,867 | |
Sera Prognostics, Inc. | 16,037 | 169,992 | |
Seres Therapeutics, Inc. (a) | 154,112 | 1,658,245 | |
Sesen Bio, Inc. (a) | 258,483 | 271,407 | |
Shattuck Labs, Inc. (a) | 1,909 | 16,188 | |
Sierra Oncology, Inc. (a)(b) | 10,075 | 234,647 | |
Sinovac Biotech Ltd. (a)(c) | 27,717 | 179,329 | |
Sio Gene Therapies, Inc. (a) | 27,754 | 44,129 | |
Soleno Therapeutics, Inc. (a)(b) | 60,128 | 39,240 | |
Solid Biosciences, Inc. (a)(b) | 63,771 | 111,599 | |
Soligenix, Inc. (a)(b) | 54,007 | 47,316 | |
Sonnet Biotherapeutics Holding (a) | 397,073 | 225,855 | |
Sorrento Therapeutics, Inc. (a)(b) | 181,843 | 1,083,784 | |
Spectrum Pharmaceuticals, Inc. (a) | 36,218 | 57,224 | |
Spero Therapeutics, Inc. (a)(b) | 28,331 | 403,717 | |
Springworks Therapeutics, Inc. (a)(b) | 27,008 | 1,940,525 | |
Spruce Biosciences, Inc. (a) | 9,482 | 24,464 | |
Statera Biopharma, Inc. (a)(b) | 11,084 | 32,587 | |
Stealth BioTherapeutics Corp. ADR (a) | 23,317 | 19,819 | |
Stoke Therapeutics, Inc. (a) | 18,470 | 459,903 | |
Summit Therapeutics, Inc. (a)(b) | 54,355 | 276,123 | |
Surface Oncology, Inc. (a)(b) | 23,135 | 133,489 | |
Surrozen, Inc. (b) | 1,779 | 16,136 | |
Sutro Biopharma, Inc. (a) | 24,478 | 418,084 | |
Synaptogenix, Inc. (b) | 5,004 | 46,637 | |
Syndax Pharmaceuticals, Inc. (a) | 25,794 | 411,930 | |
Synlogic, Inc. (a) | 71,644 | 178,394 | |
Syros Pharmaceuticals, Inc. (a) | 10,829 | 42,883 | |
T2 Biosystems, Inc. (a)(b) | 103,876 | 64,382 | |
Talaris Therapeutics, Inc. (b) | 22,591 | 292,779 | |
Tango Therapeutics, Inc. (a)(b) | 32,986 | 342,065 | |
Taysha Gene Therapies, Inc. (a)(b) | 12,627 | 163,898 | |
TCR2 Therapeutics, Inc. (a) | 7,938 | 40,881 | |
Tempest Therapeutics, Inc. (a)(b) | 11,414 | 112,999 | |
Tenax Therapeutics, Inc. (a)(b) | 30,408 | 38,922 | |
Tenaya Therapeutics, Inc. (b) | 13,131 | 258,024 | |
TG Therapeutics, Inc. (a) | 70,150 | 1,066,280 | |
Theratechnologies, Inc. (a) | 51,510 | 169,983 | |
Tiziana Life Sciences Ltd. (b) | 14,852 | 18,714 | |
Tobira Therapeutics, Inc. rights (a)(c) | 6,103 | 0 | |
TONIX Pharmaceuticals Holding (a) | 216,271 | 101,474 | |
TRACON Pharmaceuticals, Inc. (a) | 18,969 | 49,319 | |
TransCode Therapeutics, Inc. | 17,023 | 46,813 | |
Travere Therapeutics, Inc. (a) | 30,901 | 882,224 | |
Trevena, Inc. (a)(b) | 186,442 | 126,781 | |
TScan Therapeutics, Inc. | 12,786 | 99,731 | |
Turning Point Therapeutics, Inc. (a) | 52,860 | 2,011,852 | |
Twist Bioscience Corp. (a) | 27,241 | 2,601,516 | |
Tyme Technologies, Inc. (a)(b) | 17,692 | 13,004 | |
Ultragenyx Pharmaceutical, Inc. (a) | 33,963 | 2,555,036 | |
Unicycive Therapeutics, Inc. (b) | 26,109 | 55,873 | |
uniQure B.V. (a) | 25,416 | 707,836 | |
United Therapeutics Corp. (a) | 24,857 | 4,710,402 | |
UNITY Biotechnology, Inc. (a) | 38,341 | 84,350 | |
UroGen Pharma Ltd. (a)(b) | 11,902 | 143,895 | |
Vaccinex, Inc. (a)(b) | 22,015 | 35,004 | |
Vaccitech PLC ADR (b) | 4,253 | 54,566 | |
Vanda Pharmaceuticals, Inc. (a) | 35,063 | 568,021 | |
Vascular Biogenics Ltd. (a)(b) | 40,323 | 93,549 | |
Vaxart, Inc. (a)(b) | 68,197 | 542,848 | |
Vaxcyte, Inc. (a) | 27,907 | 568,745 | |
Vaxxinity, Inc. Class A (b) | 68,096 | 847,114 | |
VBI Vaccines, Inc. (a) | 208,397 | 633,527 | |
VectivBio Holding AG | 17,780 | 68,097 | |
Vera Therapeutics, Inc. (a) | 10,272 | 367,738 | |
Veracyte, Inc. (a) | 59,691 | 2,475,983 | |
Verastem, Inc. (a) | 111,497 | 297,697 | |
Vericel Corp. (a) | 25,530 | 949,971 | |
Vertex Pharmaceuticals, Inc. (a) | 143,731 | 26,869,073 | |
Verve Therapeutics, Inc. | 25,826 | 880,150 | |
Viking Therapeutics, Inc. (a) | 46,434 | 246,565 | |
Vincerx Pharma, Inc. (a) | 9,297 | 97,526 | |
Vir Biotechnology, Inc. (a) | 72,001 | 3,414,287 | |
Viracta Therapeutics, Inc. (a) | 25,757 | 118,740 | |
Viridian Therapeutics, Inc. (a) | 14,446 | 277,941 | |
Viridian Therapeutics, Inc. rights (a)(c) | 30,380 | 0 | |
Virios Therapeutics, Inc. (b) | 1,478 | 8,055 | |
VistaGen Therapeutics, Inc. (a) | 109,903 | 212,113 | |
Vor Biopharma, Inc. (a)(b) | 3,419 | 39,455 | |
Voyager Therapeutics, Inc. (a)(b) | 9,613 | 29,224 | |
vTv Therapeutics, Inc. Class A (a)(b) | 44,768 | 55,512 | |
Vyant Bio, Inc. (a) | 19,717 | 37,659 | |
Werewolf Therapeutics, Inc. (b) | 15,965 | 231,333 | |
Windtree Therapeutics, Inc. (a)(b) | 19,030 | 32,541 | |
X4 Pharmaceuticals, Inc. (a) | 20,027 | 89,120 | |
Xbiotech, Inc. | 15,395 | 194,285 | |
Xencor, Inc. (a) | 34,666 | 1,255,603 | |
Xenetic Biosciences, Inc. (a) | 20,698 | 29,391 | |
Xenon Pharmaceuticals, Inc. (a) | 21,650 | 578,055 | |
XOMA Corp. (a)(b) | 5,834 | 119,655 | |
XTL Biopharmaceuticals Ltd. ADR (a) | 8,903 | 27,243 | |
Y-mAbs Therapeutics, Inc. (a) | 25,116 | 428,981 | |
Yield10 Bioscience, Inc. (a)(b) | 7,586 | 37,020 | |
Yumanity Therapeutics, Inc. (a)(b) | 21,160 | 89,084 | |
Yumanity Therapeutics, Inc. rights (a)(c) | 39,785 | 0 | |
Zai Lab Ltd. ADR (a) | 36,038 | 2,495,632 | |
Zealand Pharma A/S sponsored ADR (a)(b) | 3,611 | 78,016 | |
Zentalis Pharmaceuticals, Inc. (a) | 22,504 | 1,846,453 | |
ZIOPHARM Oncology, Inc. (a)(b) | 133,508 | 185,576 | |
646,788,740 | |||
Health Care Equipment & Supplies - 1.9% | |||
Abiomed, Inc. (a) | 25,243 | 7,945,992 | |
Accelerate Diagnostics, Inc. (a)(b) | 15,549 | 77,745 | |
Accuray, Inc. (a) | 50,472 | 242,770 | |
Acutus Medical, Inc. (a) | 1,602 | 5,287 | |
Aethlon Medical, Inc. (a) | 31,992 | 77,741 | |
Align Technology, Inc. (a) | 43,974 | 26,891,420 | |
Allied Healthcare Products, Inc. (a)(b) | 1,352 | 8,923 | |
Alphatec Holdings, Inc. (a) | 53,739 | 596,503 | |
Angiodynamics, Inc. (a) | 20,081 | 517,086 | |
Apollo Endosurgery, Inc. (a) | 16,872 | 134,301 | |
Apyx Medical Corp. (a) | 18,122 | 243,378 | |
Aspira Women's Health, Inc. (a)(b) | 64,182 | 133,499 | |
Atricure, Inc. (a) | 25,041 | 1,587,599 | |
Atrion Corp. (b) | 985 | 699,340 | |
Avinger, Inc. (a)(b) | 61,116 | 35,539 | |
AxoGen, Inc. (a) | 22,322 | 213,622 | |
Axonics Modulation Technologies, Inc. (a) | 23,344 | 1,270,147 | |
Bellerophon Therapeutics, Inc. (a) | 4,969 | 15,702 | |
Beyond Air, Inc. (a)(b) | 24,913 | 361,239 | |
BioLase Technology, Inc. (a) | 104,396 | 45,976 | |
BioLife Solutions, Inc. (a) | 21,885 | 835,132 | |
Biomerica, Inc. (a)(b) | 5,860 | 28,421 | |
BioSig Technologies, Inc. (a)(b) | 16,167 | 43,974 | |
Bioventus, Inc. | 28,377 | 352,726 | |
BrainsWay Ltd. ADR (a)(b) | 3,457 | 26,861 | |
Cardiovascular Systems, Inc. (a) | 23,790 | 475,800 | |
Cerus Corp. (a) | 93,501 | 644,222 | |
Check Capital Ltd. (a)(b) | 58,636 | 49,090 | |
Chembio Diagnostics, Inc. (a)(b) | 75,338 | 153,690 | |
ClearPoint Neuro, Inc. (a)(b) | 13,370 | 183,570 | |
Co.-Diagnostics, Inc. (a)(b) | 17,214 | 165,943 | |
ConforMis, Inc. (a) | 76,686 | 63,964 | |
CryoPort, Inc. (a)(b) | 25,113 | 1,668,508 | |
Cue Health, Inc. (b) | 60,000 | 675,000 | |
Cutera, Inc. (a)(b) | 9,505 | 331,344 | |
CVRx, Inc. | 10,458 | 121,104 | |
CytoSorbents Corp. (a)(b) | 21,655 | 106,543 | |
DarioHealth Corp. (a) | 27,527 | 430,247 | |
Delcath Systems, Inc. (a)(b) | 2,322 | 22,175 | |
Dentsply Sirona, Inc. | 121,331 | 5,913,673 | |
DexCom, Inc. (a) | 53,764 | 30,247,089 | |
EDAP TMS SA sponsored ADR (a)(b) | 22,764 | 129,982 | |
Ekso Bionics Holdings, Inc. (a) | 5,843 | 18,990 | |
electroCore, Inc. (a) | 164,752 | 115,524 | |
ENDRA Life Sciences, Inc. (a)(b) | 35,458 | 33,760 | |
Envveno Medical Corp. (a)(b) | 20,487 | 138,902 | |
Establishment Labs Holdings, Inc. (a)(b) | 13,987 | 902,721 | |
Femasys, Inc. (b) | 6,504 | 34,992 | |
Fonar Corp. (a) | 3,366 | 55,034 | |
GBS, Inc. (b) | 66,898 | 132,458 | |
Helius Medical Technologies, Inc. (U.S.) (a)(b) | 1,605 | 10,802 | |
Heska Corp. (a) | 5,658 | 910,712 | |
Hologic, Inc. (a) | 142,548 | 10,652,612 | |
ICU Medical, Inc. (a) | 11,909 | 2,693,935 | |
IDEXX Laboratories, Inc. (a) | 47,373 | 28,806,100 | |
Inari Medical, Inc. (a) | 27,704 | 2,286,688 | |
InMode Ltd. (a) | 41,894 | 3,183,944 | |
Inogen, Inc. (a) | 13,301 | 406,346 | |
Inspira Technologies Oxy BHN Ltd. (b) | 2,924 | 8,801 | |
InspireMD, Inc. (a)(b) | 14,051 | 51,427 | |
Insulet Corp. (a) | 36,866 | 10,633,629 | |
Integra LifeSciences Holdings Corp. (a) | 47,002 | 3,005,778 | |
Intersect ENT, Inc. (a) | 22,132 | 592,474 | |
IntriCon Corp. (a) | 5,239 | 86,339 | |
Intuitive Surgical, Inc. (a) | 197,391 | 64,021,797 | |
InVivo Therapeutics Holdings Corp. (a)(b) | 43,910 | 25,780 | |
INVO Bioscience, Inc. (a)(b) | 4,947 | 15,336 | |
IRadimed Corp. (a) | 7,986 | 359,370 | |
iRhythm Technologies, Inc. (a) | 15,306 | 1,616,314 | |
Iridex Corp. (a) | 7,305 | 45,656 | |
Itamar Medical Ltd. ADR (a) | 4,304 | 131,918 | |
Kewaunee Scientific Corp. (a) | 1,782 | 22,952 | |
Lantheus Holdings, Inc. (a) | 36,857 | 987,030 | |
Lantheus Holdings, Inc. rights (a)(c) | 50,063 | 1 | |
LeMaitre Vascular, Inc. | 12,899 | 603,544 | |
LENSAR, Inc. (a) | 5,527 | 37,694 | |
LivaNova PLC (a) | 27,107 | 2,172,897 | |
Lucira Health, Inc. (b) | 1,085 | 7,291 | |
LumiraDx Ltd. (b) | 24,829 | 235,627 | |
Masimo Corp. (a) | 30,739 | 8,549,131 | |
Medigus Ltd. ADR (a)(b) | 7,664 | 8,890 | |
Meridian Bioscience, Inc. (a) | 24,681 | 491,399 | |
Merit Medical Systems, Inc. (a) | 31,052 | 1,951,929 | |
Mesa Laboratories, Inc. (b) | 2,822 | 871,405 | |
Microbot Medical, Inc. (a)(b) | 2,681 | 13,807 | |
Motus GI Holdings, Inc. (a)(b) | 42,952 | 21,046 | |
Nano-X Imaging Ltd. (a)(b) | 26,181 | 540,114 | |
NanoVibronix, Inc. (a) | 25,676 | 27,987 | |
Natus Medical, Inc. (a) | 17,906 | 404,676 | |
Nemaura Medical, Inc. (a) | 11,700 | 56,160 | |
Neogen Corp. (a) | 59,046 | 2,369,516 | |
Neovasc, Inc. (a)(b) | 21,359 | 15,329 | |
NeuroMetrix, Inc. (a)(b) | 2,657 | 18,440 | |
Neuronetics, Inc. (a) | 6,338 | 24,528 | |
NeuroOne Medical Technologies Corp. (a) | 1,701 | 3,674 | |
NeuroPace, Inc. (b) | 12,686 | 126,860 | |
Novocure Ltd. (a) | 56,683 | 5,307,796 | |
NuVasive, Inc. (a) | 28,056 | 1,348,371 | |
Nyxoah SA (b) | 2,971 | 62,391 | |
OraSure Technologies, Inc. (a) | 41,450 | 386,729 | |
Ortho Clinical Diagnostics Holdings PLC | 130,391 | 2,495,684 | |
Orthofix International NV (a) | 9,251 | 283,173 | |
OrthoPediatrics Corp. (a) | 10,727 | 597,601 | |
Outset Medical, Inc. (a) | 25,168 | 1,192,963 | |
PAVmed, Inc. (a) | 45,379 | 166,541 | |
PetVivo Holdings, Inc. (b) | 44,303 | 128,479 | |
Predictive Oncology, Inc. (a)(b) | 131,210 | 135,146 | |
Pro-Dex, Inc. (a) | 3,523 | 80,148 | |
PROCEPT BioRobotics Corp. | 9,228 | 301,110 | |
Profound Medical Corp. (a)(b) | 10,870 | 119,787 | |
Pulmonx Corp. (a) | 19,855 | 641,317 | |
Pulse Biosciences, Inc. (a)(b) | 15,897 | 322,709 | |
Quidel Corp. (a) | 23,611 | 3,484,039 | |
Quotient Ltd. (a) | 23,790 | 50,435 | |
Repro Medical Systems, Inc. (a)(b) | 31,356 | 107,865 | |
ReWalk Robotics Ltd. (a)(b) | 29,639 | 38,531 | |
Rockwell Medical Technologies, Inc. (a)(b) | 35,137 | 14,933 | |
RxSight, Inc. | 9,686 | 105,093 | |
Sanara Medtech, Inc. (a)(b) | 4,237 | 118,382 | |
Seaspine Holdings Corp. (a) | 17,528 | 235,401 | |
Second Sight Medical Products, Inc. (a)(b) | 9,079 | 17,976 | |
Sensus Healthcare, Inc. (a) | 7,030 | 43,164 | |
Shockwave Medical, Inc. (a) | 19,636 | 3,539,193 | |
SI-BONE, Inc. (a) | 17,331 | 333,622 | |
Sientra, Inc. (a) | 31,005 | 124,640 | |
Sight Sciences, Inc. | 23,298 | 488,093 | |
Silk Road Medical, Inc. (a) | 19,105 | 775,281 | |
Sintx Technologies, Inc. (a)(b) | 21,155 | 18,809 | |
SmileDirectClub, Inc. (a)(b) | 8,710 | 26,740 | |
Soliton, Inc. (a) | 11,381 | 233,652 | |
Staar Surgical Co. (a) | 26,042 | 2,478,938 | |
STRATA Skin Sciences, Inc. (a) | 17,447 | 25,822 | |
Surgalign Holdings, Inc. (a)(b) | 228,438 | 187,319 | |
SurModics, Inc. (a) | 7,764 | 341,073 | |
Tactile Systems Technology, Inc. (a) | 12,519 | 244,121 | |
Talis Biomedical Corp. | 13,579 | 63,550 | |
Tandem Diabetes Care, Inc. (a) | 35,095 | 4,510,409 | |
Tela Bio, Inc. (a) | 6,966 | 86,378 | |
Thermogenesis Holdings, Inc. (a)(b) | 6,501 | 8,451 | |
Titan Medical, Inc. (a)(b) | 54,356 | 37,940 | |
TransMedics Group, Inc. (a) | 15,332 | 337,917 | |
Treace Medical Concepts, Inc. | 28,866 | 499,670 | |
Trinity Biotech PLC sponsored ADR (a) | 5,165 | 9,555 | |
Utah Medical Products, Inc. | 2,529 | 282,135 | |
Varex Imaging Corp. (a) | 23,722 | 677,263 | |
Venus Concept, Inc. (a)(b) | 28,117 | 35,990 | |
ViewRay, Inc. (a)(b) | 87,322 | 448,835 | |
Viveve Medical, Inc. (a)(b) | 3,780 | 5,821 | |
Zosano Pharma Corp. (a)(b) | 87,573 | 52,544 | |
Zynex, Inc. (b) | 19,173 | 245,414 | |
268,217,872 | |||
Health Care Providers & Services - 0.5% | |||
1Life Healthcare, Inc. (a) | 145,764 | 2,322,021 | |
Acadia Healthcare Co., Inc. (a) | 50,158 | 2,817,375 | |
Accolade, Inc. (a) | 36,734 | 942,962 | |
AdaptHealth Corp. (a) | 73,463 | 1,442,079 | |
Addus HomeCare Corp. (a) | 8,720 | 760,558 | |
Aesthetic Medical International Holdings Group Ltd. ADR (a)(b) | 2,491 | 6,377 | |
Akumin, Inc. (a)(b) | 36,627 | 56,406 | |
Alignment Healthcare, Inc. (b) | 103,822 | 1,682,955 | |
Amedisys, Inc. (a) | 18,157 | 2,535,625 | |
Apollo Medical Holdings, Inc. (a)(b) | 30,440 | 2,851,315 | |
Apria, Inc. | 19,041 | 535,623 | |
Avalon GloboCare Corp. (a)(b) | 48,932 | 46,485 | |
Aveanna Healthcare Holdings, Inc. | 100,162 | 645,043 | |
Biodesix, Inc. (a) | 9,200 | 62,744 | |
Caladrius Biosciences, Inc. (a) | 30,152 | 28,274 | |
CareMax, Inc. Class A (a) | 47,343 | 317,198 | |
Castle Biosciences, Inc. (a) | 13,646 | 563,989 | |
Clover Health Investments Corp. (a) | 95,181 | 472,098 | |
Corvel Corp. (a) | 10,115 | 1,901,620 | |
Covetrus, Inc. (a) | 31,217 | 561,282 | |
Cross Country Healthcare, Inc. (a) | 20,193 | 528,249 | |
Docgo, Inc. Class A (b) | 13,618 | 108,944 | |
Field Trip Health Ltd. | 4,629 | 18,377 | |
Five Star Senior Living, Inc. (a) | 17,017 | 54,454 | |
Fulgent Genetics, Inc. (a)(b) | 16,010 | 1,497,255 | |
Great Elm Group, Inc. | 7,056 | 12,560 | |
Greenbrook TMS, Inc. | 875 | 4,900 | |
Guardant Health, Inc. (a) | 56,235 | 5,911,423 | |
HealthEquity, Inc. (a) | 46,413 | 2,537,863 | |
Henry Schein, Inc. (a) | 78,144 | 5,552,913 | |
IMAC Holdings, Inc. (a) | 54,807 | 69,605 | |
Innovage Holding Corp. (b) | 47,070 | 375,148 | |
LHC Group, Inc. (a) | 17,675 | 2,027,676 | |
LifeStance Health Group, Inc. (b) | 168,170 | 1,335,270 | |
Magellan Health Services, Inc. (a) | 14,382 | 1,363,270 | |
Modivcare, Inc. (a) | 7,758 | 1,063,079 | |
National Research Corp. Class A | 13,880 | 555,894 | |
Novo Integrated Sciences, Inc. (a) | 12,127 | 17,524 | |
Ontrak, Inc. (a)(b) | 10,232 | 62,108 | |
Option Care Health, Inc. (a) | 99,534 | 2,519,206 | |
Patterson Companies, Inc. | 54,157 | 1,704,321 | |
Pennant Group, Inc. (a) | 15,432 | 313,733 | |
PetIQ, Inc. Class A (a)(b) | 15,095 | 301,447 | |
Precipio, Inc. (a)(b) | 61,940 | 120,164 | |
Premier, Inc. | 68,489 | 2,538,887 | |
Privia Health Group, Inc. (b) | 59,244 | 1,368,536 | |
Progenity, Inc. (a)(b) | 131,892 | 412,822 | |
Progyny, Inc. (a) | 49,307 | 2,503,316 | |
Psychemedics Corp. (a) | 4,592 | 36,001 | |
Quipt Home Medical Corp. (a) | 13,889 | 86,390 | |
R1 RCM, Inc. (a) | 155,346 | 3,700,342 | |
RadNet, Inc. (a) | 28,732 | 774,615 | |
Sharps Compliance Corp. (a) | 8,144 | 60,103 | |
Skylight Health Group, Inc. (a) | 12,822 | 16,925 | |
Star Equity Holdings, Inc. (a)(b) | 11,004 | 26,960 | |
Surgery Partners, Inc. (a) | 40,409 | 1,792,543 | |
Talkspace, Inc. Class A (a)(b) | 54,260 | 124,255 | |
The Ensign Group, Inc. | 30,304 | 2,313,104 | |
The Joint Corp. (a) | 8,305 | 663,736 | |
Tivity Health, Inc. (a) | 27,823 | 662,744 | |
Viemed Healthcare, Inc. (a) | 19,429 | 98,116 | |
Vivos Therapeutics, Inc. (b) | 36,452 | 92,953 | |
65,879,760 | |||
Health Care Technology - 0.2% | |||
Allscripts Healthcare Solutions, Inc. (a) | 76,502 | 1,272,228 | |
Better Therapeutics, Inc. (b) | 311 | 2,205 | |
Biotricity, Inc. (a)(b) | 31,571 | 127,231 | |
CareCloud, Inc. (a)(b) | 13,011 | 90,296 | |
Cerner Corp. | 166,568 | 11,734,716 | |
Certara, Inc. | 85,985 | 2,315,576 | |
Change Healthcare, Inc. (a) | 172,605 | 3,500,429 | |
Computer Programs & Systems, Inc. (a) | 10,575 | 311,645 | |
Definitive Healthcare Corp. | 75,615 | 2,216,276 | |
Forian, Inc. (b) | 18,658 | 160,086 | |
G Medical Innovations Holdings Ltd. (b) | 74,399 | 181,534 | |
GoodRx Holdings, Inc. (a)(b) | 41,466 | 1,655,323 | |
Health Catalyst, Inc. (a)(b) | 24,343 | 1,056,243 | |
HealthStream, Inc. (a) | 16,614 | 385,777 | |
HTG Molecular Diagnostics (a)(b) | 9,321 | 36,725 | |
iCAD, Inc. (a) | 15,927 | 117,382 | |
iSpecimen, Inc. (b) | 2,160 | 39,895 | |
NantHealth, Inc. (a) | 48,473 | 54,290 | |
Nextgen Healthcare, Inc. (a) | 35,416 | 548,948 | |
Omnicell, Inc. (a) | 23,837 | 4,219,149 | |
OptimizeRx Corp. (a)(b) | 10,957 | 712,205 | |
Renalytix AI PLC ADR (a)(b) | 4,865 | 90,003 | |
Schrodinger, Inc. (a) | 60,592 | 2,373,995 | |
SCWorx, Corp. (a) | 21,155 | 31,733 | |
Sema4 Holdings Corp. Class A (a)(b) | 120,230 | 801,934 | |
Sharecare, Inc. Class A (a)(b) | 184,895 | 1,170,385 | |
Simulations Plus, Inc. (b) | 10,611 | 498,399 | |
SOPHiA GENETICS SA (b) | 6,740 | 94,225 | |
Streamline Health Solutions, Inc. (a) | 14,467 | 22,135 | |
Tabula Rasa HealthCare, Inc. (a)(b) | 13,654 | 155,246 | |
Telemynd, Inc. (a)(c) | 92 | 0 | |
35,976,214 | |||
Life Sciences Tools & Services - 0.8% | |||
10X Genomics, Inc. (a) | 48,558 | 7,420,148 | |
23andMe Holding Co. Class A (a)(b) | 60,282 | 495,518 | |
AbCellera Biologics, Inc. (b) | 123,151 | 1,842,339 | |
Absci Corp. (b) | 49,703 | 524,367 | |
Adaptive Biotechnologies Corp. (a) | 77,604 | 2,024,688 | |
Akoya Biosciences, Inc. | 19,467 | 252,682 | |
Alpha Teknova, Inc. (b) | 15,220 | 340,319 | |
Applied DNA Sciences, Inc. (a)(b) | 15,383 | 88,914 | |
Berkeley Lights, Inc. (a) | 60,263 | 1,257,689 | |
Bio-Techne Corp. | 21,640 | 10,214,729 | |
BioNano Genomics, Inc. (a)(b) | 104,837 | 409,913 | |
Bruker Corp. | 84,617 | 6,853,131 | |
Champions Oncology, Inc. (a) | 10,958 | 86,568 | |
ChromaDex, Inc. (a)(b) | 42,495 | 199,302 | |
Codex DNA, Inc. | 15,404 | 105,363 | |
Codexis, Inc. (a) | 35,046 | 1,216,447 | |
Compugen Ltd. (a)(b) | 105,798 | 467,627 | |
Cytek Biosciences, Inc. (b) | 68,800 | 1,387,696 | |
Fluidigm Corp. (a)(b) | 41,862 | 192,984 | |
Genetic Technologies Ltd. ADR (a)(b) | 2,511 | 5,976 | |
Harvard Bioscience, Inc. (a) | 25,302 | 169,270 | |
ICON PLC (a) | 44,705 | 12,091,361 | |
Illumina, Inc. (a) | 82,151 | 30,012,225 | |
ImmunoPrecise Antibodies Ltd. (a)(b) | 14,496 | 86,976 | |
Inotiv, Inc. (a)(b) | 10,270 | 534,040 | |
Maravai LifeSciences Holdings, Inc. | 63,264 | 2,906,348 | |
MaxCyte, Inc. (b) | 23,711 | 236,636 | |
Medpace Holdings, Inc. (a) | 20,021 | 4,152,556 | |
Miromatrix Medical, Inc. (b) | 10,203 | 68,666 | |
Nanostring Technologies, Inc. (a) | 24,841 | 1,020,965 | |
Nautilus Biotechnology, Inc. (a)(b) | 65,397 | 317,175 | |
NeoGenomics, Inc. (a) | 65,432 | 2,241,700 | |
Olink Holding AB ADR (b) | 11,175 | 234,228 | |
Pacific Biosciences of California, Inc. (a) | 110,195 | 2,557,626 | |
Personalis, Inc. (a) | 23,807 | 322,585 | |
PPD, Inc. (a) | 195,119 | 9,190,105 | |
Quanterix Corp. (a) | 19,890 | 795,003 | |
Quantum-Si, Inc. (b) | 64,799 | 419,898 | |
Quoin Pharmaceuticals Ltd.: | |||
ADR (a)(b) | 8,596 | 32,579 | |
rights (a)(c) | 3,438,400 | 34 | |
Rapid Micro Biosystems, Inc. (b) | 21,522 | 265,151 | |
Science 37 Holdings, Inc. (b) | 5,531 | 57,578 | |
Seer, Inc. (b) | 17,388 | 387,926 | |
Singular Genomics Systems, Inc. (b) | 38,149 | 435,662 | |
SomaLogic, Inc. Class A (b) | 49,555 | 573,351 | |
Sotera Health Co. | 157,250 | 3,355,715 | |
Syneos Health, Inc. (a) | 58,184 | 5,653,157 | |
113,504,916 | |||
Pharmaceuticals - 0.6% | |||
4D Pharma PLC ADR (b) | 1,165 | 7,083 | |
9 Meters Biopharma, Inc. (a) | 137,039 | 142,521 | |
A Menarini Industrie Farmaceut rights (a)(c) | 32,407 | 10,648 | |
Acasti Pharma, Inc. (a)(b) | 18,348 | 24,219 | |
Acer Therapeutics, Inc. (a)(b) | 14,284 | 29,996 | |
Aclaris Therapeutics, Inc. (a) | 33,259 | 425,715 | |
Adamis Pharmaceuticals Corp. (a)(b) | 87,706 | 71,919 | |
Adial Pharmaceuticals, Inc. (a)(b) | 16,546 | 45,998 | |
Aerie Pharmaceuticals, Inc. (a) | 28,131 | 284,123 | |
Agile Therapeutics, Inc. (a) | 39,867 | 25,116 | |
Akari Therapeutics PLC sponsored ADR (a)(b) | 30,264 | 49,330 | |
Alimera Sciences, Inc. (a) | 5,507 | 28,581 | |
Altamira Therapeutics Ltd. (a)(b) | 18,871 | 33,402 | |
Amphastar Pharmaceuticals, Inc. (a) | 38,728 | 757,520 | |
Amryt Pharma PLC ADR (a)(b) | 29,879 | 296,997 | |
Anebulo Pharmaceuticals, Inc. (b) | 4,108 | 24,648 | |
Angion Biomedica Corp. | 16,608 | 59,789 | |
ANI Pharmaceuticals, Inc. (a) | 9,565 | 393,504 | |
Antares Pharma, Inc. (a) | 98,062 | 316,740 | |
Aquestive Therapeutics, Inc. (a)(b) | 39,828 | 234,985 | |
Artelo Biosciences, Inc. (a) | 48,785 | 30,735 | |
Arvinas Holding Co. LLC (a) | 27,103 | 2,049,258 | |
Assertio Holdings, Inc. (a)(b) | 39,380 | 55,920 | |
AstraZeneca PLC: | |||
rights (a)(c) | 3,011 | 0 | |
sponsored ADR | 199,070 | 10,915,008 | |
atai Life Sciences NV (b) | 84,740 | 930,445 | |
Athira Pharma, Inc. (a) | 43,903 | 591,812 | |
Aurora Cannabis, Inc. (a)(b) | 117,561 | 754,742 | |
Avadel Pharmaceuticals PLC sponsored ADR (a)(b) | 40,528 | 363,131 | |
Avenue Therapeutics, Inc. (a) | 12,483 | 17,601 | |
Axsome Therapeutics, Inc. (a)(b) | 46,234 | 1,596,922 | |
Baudax Bio, Inc. (a)(b) | 178,260 | 67,133 | |
Biodelivery Sciences International, Inc. (a) | 89,535 | 248,907 | |
Biondvax Pharmaceuticals Ltd. ADR (a)(b) | 13,768 | 23,681 | |
Calliditas Therapeutics AB ADR (a)(b) | 5,831 | 108,398 | |
Cara Therapeutics, Inc. (a) | 34,753 | 458,045 | |
Cardiol Therapeutics, Inc. (a)(b) | 52,435 | 104,870 | |
Cassava Sciences, Inc. (a)(b) | 22,322 | 1,194,004 | |
China SXT Pharmaceuticals, Inc. (a)(b) | 26,642 | 18,657 | |
Citius Pharmaceuticals, Inc. (a)(b) | 75,361 | 127,360 | |
Clearside Biomedical, Inc. (a) | 38,079 | 139,750 | |
Clever Leaves Holdings, Inc. (b) | 14,276 | 70,809 | |
CNS Pharmaceuticals, Inc. (a)(b) | 18,942 | 20,647 | |
Cocrystal Pharma, Inc. (a) | 50,667 | 45,479 | |
Collegium Pharmaceutical, Inc. (a) | 24,854 | 436,933 | |
Corcept Therapeutics, Inc. (a) | 70,711 | 1,484,931 | |
CorMedix, Inc. (a) | 1,394 | 6,942 | |
Cronos Group, Inc. (a)(b) | 206,950 | 937,484 | |
Cumberland Pharmaceuticals, Inc. (a) | 11,327 | 56,975 | |
CymaBay Therapeutics, Inc. (a) | 58,261 | 192,844 | |
Cyteir Therapeutics, Inc. (b) | 18,602 | 308,979 | |
Dare Bioscience, Inc. (a)(b) | 114,064 | 205,315 | |
Dermata Therapeutics, Inc. (b) | 15,860 | 43,139 | |
Dova Pharmaceuticals, Inc. rights (a)(c) | 23,572 | 12,729 | |
Durect Corp. (a) | 139,062 | 137,644 | |
Edgewise Therapeutics, Inc. (b) | 27,427 | 477,778 | |
Elanco Animal Health, Inc. rights (a)(c) | 45,364 | 0 | |
Eloxx Pharmaceuticals, Inc. (a) | 118,190 | 87,910 | |
Endo International PLC (a) | 124,163 | 695,313 | |
Enveric Biosciences, Inc. (a)(b) | 4,776 | 6,209 | |
Esperion Therapeutics, Inc. (a)(b) | 94,738 | 827,063 | |
Eton Pharmaceuticals, Inc. (a)(b) | 19,371 | 75,547 | |
Evoke Pharma, Inc. (a)(b) | 40,987 | 31,146 | |
Evolus, Inc. (a)(b) | 29,762 | 164,881 | |
Eyenovia, Inc. (a)(b) | 21,508 | 78,504 | |
Eyepoint Pharmaceuticals, Inc. (a)(b) | 13,557 | 214,201 | |
Fulcrum Therapeutics, Inc. (a) | 20,485 | 297,033 | |
GH Research PLC (b) | 27,198 | 719,931 | |
Harmony Biosciences Holdings, Inc. (a) | 33,782 | 1,151,628 | |
Harrow Health, Inc. (a) | 22,525 | 225,250 | |
Hepion Pharmaceuticals, Inc. (a)(b) | 40,121 | 49,750 | |
HEXO Corp. (a)(b) | 80,723 | 89,603 | |
High Tide, Inc. (a)(b) | 46,134 | 288,799 | |
Hoth Therapeutics, Inc. (a)(b) | 49,686 | 40,693 | |
Hutchison China Meditech Ltd. sponsored ADR (a) | 33,593 | 1,137,459 | |
Ikena Oncology, Inc. | 27,112 | 387,837 | |
IMARA, Inc. (a) | 15,052 | 50,876 | |
InMed Pharmaceuticals, Inc. (a)(b) | 4,383 | 8,328 | |
Innoviva, Inc. (a) | 52,301 | 874,473 | |
Intra-Cellular Therapies, Inc. (a) | 47,541 | 1,924,460 | |
Iterum Therapeutics PLC (a)(b) | 33,113 | 16,258 | |
Jaguar Health, Inc. (a)(b) | 27,722 | 36,316 | |
Jazz Pharmaceuticals PLC (a) | 34,034 | 4,079,656 | |
Kaleido Biosciences, Inc. (a)(b) | 34,937 | 125,424 | |
KemPharm, Inc. (a)(b) | 18,495 | 144,816 | |
Kiora Pharmaceuticals, Inc. (a) | 131,312 | 200,907 | |
Landos Biopharma, Inc. | 23,054 | 166,680 | |
Lexaria Bioscience Corp. (a)(b) | 2,740 | 14,522 | |
Lipocine, Inc. (a)(b) | 61,226 | 67,349 | |
Liquidia Technologies, Inc. (a) | 32,984 | 136,884 | |
Longboard Pharmaceuticals, Inc. | 6,573 | 37,466 | |
Lyra Therapeutics, Inc. (a) | 9,646 | 54,018 | |
Marinus Pharmaceuticals, Inc. (a) | 20,303 | 225,566 | |
MediWound Ltd. (a)(b) | 18,827 | 50,268 | |
Milestone Pharmaceuticals, Inc. (a) | 17,576 | 96,668 | |
Mind Medicine (MindMed), Inc. (a) | 186,943 | 370,147 | |
MyMD Pharmaceuticals, Inc. (a) | 21,161 | 162,093 | |
Nabriva Therapeutics PLC (a)(b) | 42,738 | 33,289 | |
Nektar Therapeutics (a) | 108,015 | 1,216,249 | |
NGM Biopharmaceuticals, Inc. (a) | 44,097 | 794,628 | |
NLS Pharmaceutics Ltd. | 14,362 | 29,155 | |
Novan, Inc. (a) | 10,162 | 51,216 | |
Ocular Therapeutix, Inc. (a) | 42,919 | 293,566 | |
Ocuphire Pharma, Inc. (a)(b) | 34,766 | 135,935 | |
Odonate Therapeutics, Inc. (a) | 7,752 | 12,868 | |
Omeros Corp. (a)(b) | 40,138 | 288,994 | |
Onconova Therapeutics, Inc. (a) | 33,198 | 99,594 | |
Opiant Pharmaceuticals, Inc. (a) | 3,728 | 90,926 | |
OptiNose, Inc. (a)(b) | 43,019 | 68,400 | |
Oramed Pharmaceuticals, Inc. (a) | 18,130 | 348,459 | |
Osmotica Pharmaceuticals PLC (a) | 32,042 | 42,616 | |
Otonomy, Inc. (a) | 53,180 | 109,019 | |
Pacira Biosciences, Inc. (a) | 26,424 | 1,390,431 | |
PainReform Ltd. (a)(b) | 19,107 | 34,202 | |
Palisade Bio, Inc. (a)(b) | 65,337 | 152,235 | |
Palisade Bio, Inc. rights (a)(c) | 29,628 | 0 | |
Paratek Pharmaceuticals, Inc. (a)(b) | 29,676 | 125,233 | |
Petros Pharmaceuticals, Inc. (b) | 6,734 | 19,259 | |
Pharvaris BV (b) | 18,643 | 274,239 | |
Phathom Pharmaceuticals, Inc. (a)(b) | 17,684 | 317,251 | |
Phibro Animal Health Corp. Class A | 16,621 | 325,605 | |
Pliant Therapeutics, Inc. (a)(b) | 21,561 | 305,735 | |
PLx Pharma PLC (a)(b) | 25,849 | 237,811 | |
PolyPid Ltd. (a)(b) | 12,545 | 85,306 | |
Procaps Group SA (b) | 9,095 | 93,315 | |
Processa Pharmaceuticals, Inc. (a) | 11,057 | 59,929 | |
ProPhase Labs, Inc. (b) | 7,224 | 45,367 | |
Provention Bio, Inc. (a)(b) | 15,695 | 108,296 | |
Pulmatrix, Inc. (a)(b) | 44,393 | 29,610 | |
Purple Biotech Ltd. ADR (a)(b) | 12,666 | 50,284 | |
Qilian International Holding Group Ltd. (b) | 23,641 | 73,287 | |
Rain Therapeutics, Inc. (b) | 10,662 | 137,966 | |
Rani Therapeutics Holdings, Inc. (b) | 10,541 | 312,435 | |
Reata Pharmaceuticals, Inc. (a) | 18,243 | 1,561,601 | |
RedHill Biopharma Ltd. sponsored ADR (a)(b) | 26,419 | 77,143 | |
Regencell Bioscience Holdings Ltd. (b) | 6,816 | 171,627 | |
Relmada Therapeutics, Inc. (a) | 12,198 | 217,856 | |
Revance Therapeutics, Inc. (a) | 122,667 | 1,678,085 | |
Reviva Pharmaceuticals Holdings, Inc. (a)(b) | 12,478 | 45,295 | |
Roivant Sciences Ltd. (a)(b) | 110,905 | 735,300 | |
Royalty Pharma PLC | 219,056 | 8,711,857 | |
Sanofi SA sponsored ADR | 131,019 | 6,232,574 | |
Satsuma Pharmaceuticals, Inc. (a) | 19,951 | 94,368 | |
scPharmaceuticals, Inc. (a) | 18,268 | 79,283 | |
Seelos Therapeutics, Inc. (a) | 84,689 | 146,512 | |
Seelos Therapeutics, Inc. rights (a)(b)(c) | 2,932 | 0 | |
SenesTech, Inc. (a) | 31,648 | 39,244 | |
SIGA Technologies, Inc. (a) | 66,111 | 539,466 | |
Sol-Gel Technologies Ltd. (a)(b) | 13,406 | 102,288 | |
Sonoma Pharmaceuticals, Inc. (a) | 4,975 | 26,368 | |
Supernus Pharmaceuticals, Inc. (a) | 32,482 | 973,486 | |
Tarsus Pharmaceuticals, Inc. (a) | 12,561 | 334,123 | |
Terns Pharmaceuticals, Inc. | 14,756 | 111,408 | |
TFF Pharmaceuticals, Inc. (a)(b) | 10,670 | 79,385 | |
TherapeuticsMD, Inc. (a) | 223,639 | 110,701 | |
Theravance Biopharma, Inc. (a) | 10,150 | 85,260 | |
Tilray, Inc. Class 2 (a)(b) | 248,906 | 2,518,929 | |
Titan Pharmaceuticals, Inc. (a)(b) | 19,257 | 27,730 | |
Trevi Therapeutics, Inc. (a) | 7,164 | 7,125 | |
Tricida, Inc. (a)(b) | 34,018 | 258,197 | |
Universe Pharmaceuticals, Inc. | 8,802 | 19,188 | |
Vallon Pharamceuticals, Inc. (b) | 9,542 | 52,195 | |
Verona Pharma PLC ADR (a)(b) | 10,707 | 51,179 | |
Verrica Pharmaceuticals, Inc. (a)(b) | 16,292 | 168,622 | |
Viatris, Inc. | 674,955 | 8,308,696 | |
Virpax Pharmaceuticals, Inc. | 2,479 | 11,602 | |
Vyne Therapeutics, Inc. (a)(b) | 30,249 | 31,156 | |
WAVE Life Sciences (a) | 32,769 | 127,799 | |
Xeris Biopharma Holdings, Inc. (b) | 62,079 | 129,745 | |
Xeris Biopharma Holdings, Inc. rights (a)(c) | 39,901 | 7,227 | |
Yunhong International (a)(b)(c) | 1,686 | 17,383 | |
Zogenix, Inc. (a)(b) | 35,750 | 402,188 | |
Zynerba Pharmaceuticals, Inc. (a)(b) | 21,768 | 75,317 | |
85,069,991 | |||
TOTAL HEALTH CARE | 1,215,437,493 | ||
INDUSTRIALS - 4.1% | |||
Aerospace & Defense - 0.2% | |||
AeroVironment, Inc. (a) | 13,397 | 1,081,942 | |
AerSale Corp. | 22,990 | 415,889 | |
Astra Space, Inc. Class A (a)(b) | 141,884 | 1,556,467 | |
Astronics Corp. (a) | 11,489 | 120,175 | |
Astrotech Corp. (a) | 36,874 | 29,425 | |
Axon Enterprise, Inc. (a) | 35,906 | 6,060,574 | |
Byrna Technologies, Inc. (a) | 14,709 | 216,516 | |
Draganfly, Inc. (b) | 3,082 | 8,815 | |
EHang Holdings Ltd. ADR (a)(b) | 10,838 | 229,224 | |
Elbit Systems Ltd. (b) | 24,443 | 3,581,633 | |
Innovative Solutions & Support, Inc. | 5,109 | 33,924 | |
Kratos Defense & Security Solutions, Inc. (a) | 68,797 | 1,355,989 | |
Lilium NV (b) | 150,100 | 1,068,712 | |
Mercury Systems, Inc. (a) | 30,699 | 1,502,716 | |
Momentus, Inc. Class A (a)(b) | 57,628 | 397,057 | |
PAE, Inc. (a) | 49,577 | 491,804 | |
RADA Electronic Industries Ltd. (a)(b) | 29,760 | 279,744 | |
Rocket Lab U.S.A., Inc. Class A (a)(b) | 234,615 | 3,720,994 | |
Sigma Labs, Inc. (a)(b) | 14,199 | 33,510 | |
TAT Technologies Ltd. (a)(b) | 4,899 | 31,795 | |
VirTra, Inc. (a) | 1,810 | 11,711 | |
22,228,616 | |||
Air Freight & Logistics - 0.2% | |||
Air T, Inc. (a) | 1,316 | 36,295 | |
Air Transport Services Group, Inc. (a) | 45,748 | 1,129,518 | |
Atlas Air Worldwide Holdings, Inc. (a) | 14,813 | 1,297,767 | |
C.H. Robinson Worldwide, Inc. | 73,086 | 6,949,748 | |
Expeditors International of Washington, Inc. | 92,971 | 11,307,133 | |
Forward Air Corp. | 15,781 | 1,558,374 | |
Hub Group, Inc. Class A (a) | 18,343 | 1,424,701 | |
23,703,536 | |||
Airlines - 0.2% | |||
Allegiant Travel Co. (a) | 9,630 | 1,668,109 | |
American Airlines Group, Inc. (a)(b) | 358,717 | 6,345,704 | |
Blade Air Mobility, Inc. (a)(b) | 44,231 | 388,790 | |
Frontier Group Holdings, Inc. (b) | 120,000 | 1,602,000 | |
Hawaiian Holdings, Inc. (a) | 31,196 | 570,263 | |
JetBlue Airways Corp. (a) | 268,544 | 3,603,860 | |
Mesa Air Group, Inc. (a) | 19,225 | 135,729 | |
Ryanair Holdings PLC sponsored ADR (a) | 54,260 | 5,184,543 | |
SkyWest, Inc. (a) | 27,552 | 1,079,212 | |
Sun Country Airlines Holdings, Inc. | 30,637 | 840,373 | |
United Airlines Holdings, Inc. (a) | 181,406 | 7,666,218 | |
29,084,801 | |||
Building Products - 0.1% | |||
AAON, Inc. | 28,630 | 2,233,140 | |
American Woodmark Corp. (a) | 8,946 | 551,431 | |
Antelope Enterprise Holdings L (a)(b) | 13,809 | 33,004 | |
Apogee Enterprises, Inc. | 14,762 | 609,671 | |
Applied UV, Inc. (a)(b) | 4,305 | 19,889 | |
Caesarstone Sdot-Yam Ltd. | 10,345 | 115,554 | |
CSW Industrials, Inc. | 8,215 | 987,443 | |
DIRTT Environmental Solutions Ltd. (a)(b) | 44,471 | 107,620 | |
Gibraltar Industries, Inc. (a) | 18,047 | 1,225,391 | |
Tecnoglass, Inc. | 25,380 | 781,196 | |
UFP Industries, Inc. | 34,268 | 2,853,839 | |
View, Inc. Class A (a)(b) | 83,999 | 354,476 | |
9,872,654 | |||
Commercial Services & Supplies - 0.5% | |||
ACV Auctions, Inc. Class A (a) | 10,264 | 217,392 | |
Aqua Metals, Inc. (a)(b) | 36,541 | 57,369 | |
Aurora Innovation, Inc. (b) | 73,940 | 970,093 | |
BioHiTech Global, Inc. (a)(b) | 8,693 | 7,823 | |
Casella Waste Systems, Inc. Class A (a) | 27,982 | 2,372,314 | |
CECO Environmental Corp. (a) | 21,695 | 128,651 | |
China Recycling Energy Corp. (a)(b) | 2,863 | 16,892 | |
Cimpress PLC (a) | 14,362 | 1,117,794 | |
Cintas Corp. | 58,183 | 24,564,281 | |
Copart, Inc. (a) | 131,160 | 19,039,186 | |
Driven Brands Holdings, Inc. | 92,792 | 2,863,561 | |
Fuel Tech, Inc. (a)(b) | 7,428 | 12,182 | |
Healthcare Services Group, Inc. | 42,504 | 743,820 | |
Heritage-Crystal Clean, Inc. (a) | 13,663 | 438,446 | |
Interface, Inc. | 29,819 | 425,219 | |
Kimball International, Inc. Class B | 36,143 | 370,104 | |
Matthews International Corp. Class A | 14,831 | 514,191 | |
Millerknoll, Inc. | 33,262 | 1,261,960 | |
Odyssey Marine Exploration, Inc. (a)(b) | 6,411 | 39,620 | |
Performant Financial Corp. (a) | 25,601 | 68,867 | |
Perma-Fix Environmental Services, Inc. (a) | 9,998 | 70,786 | |
PyroGenesis Canada, Inc. (b) | 98,007 | 317,543 | |
Quest Resource Holding Corp. (a) | 5,212 | 27,207 | |
Quhuo Ltd. ADR (a) | 3,482 | 5,780 | |
Recycling Asset Holdings, Inc. (a)(c) | 694 | 24 | |
Sentage Holdings, Inc. (b) | 1,732 | 2,840 | |
SP Plus Corp. (a) | 13,740 | 372,491 | |
Stericycle, Inc. (a) | 50,332 | 2,843,758 | |
Tetra Tech, Inc. | 29,837 | 5,510,297 | |
TOMI Environmental Solutions, Inc. (a) | 8,765 | 15,163 | |
U.S. Ecology, Inc. (a) | 16,302 | 555,409 | |
Vidler Water Resouces, Inc. (a) | 18,610 | 212,898 | |
Virco Manufacturing Co. (a) | 950 | 3,126 | |
VSE Corp. | 7,604 | 416,243 | |
65,583,330 | |||
Construction & Engineering - 0.1% | |||
Bowman Consulting Group Ltd. | 2,968 | 50,219 | |
Concrete Pumping Holdings, Inc. (a) | 28,584 | 233,531 | |
Construction Partners, Inc. Class A (a) | 19,146 | 661,303 | |
Great Lakes Dredge & Dock Corp. (a) | 35,442 | 523,833 | |
IES Holdings, Inc. (a) | 11,098 | 532,593 | |
Infrastructure and Energy Alternatives, Inc. (a) | 12,706 | 120,199 | |
iSun, Inc. (a) | 10,234 | 70,922 | |
Limbach Holdings, Inc. (a) | 6,648 | 46,868 | |
Matrix Service Co. (a) | 12,262 | 106,557 | |
MYR Group, Inc. (a) | 9,722 | 1,076,323 | |
Northwest Pipe Co. (a) | 5,851 | 168,392 | |
NV5 Global, Inc. (a) | 8,216 | 1,080,404 | |
Orbital Energy Group, Inc. (a)(b) | 34,811 | 85,287 | |
Primoris Services Corp. | 28,950 | 649,059 | |
SG Blocks, Inc. (a) | 5,721 | 12,071 | |
Sterling Construction Co., Inc. (a) | 15,145 | 390,287 | |
Willscot Mobile Mini Holdings (a) | 307,564 | 11,715,113 | |
17,522,961 | |||
Electrical Equipment - 0.3% | |||
Advent Technologies Holdings, Inc. Class A (a)(b) | 52,160 | 399,546 | |
Allied Motion Technologies, Inc. | 8,863 | 349,645 | |
American Superconductor Corp. (a) | 23,972 | 306,842 | |
Array Technologies, Inc. (a) | 66,566 | 1,199,186 | |
Asia Pacific Wire & Cable Corp. Ltd. (a)(b) | 76,311 | 202,987 | |
Ballard Power Systems, Inc. (a)(b) | 164,663 | 2,496,291 | |
Beam Global (a)(b) | 6,808 | 180,684 | |
Blink Charging Co. (a)(b) | 23,316 | 896,034 | |
Broadwind, Inc. (a) | 9,566 | 23,150 | |
Capstone Turbine Corp. (a) | 5,108 | 24,212 | |
CBAK Energy Technology, Inc. (a)(b) | 35,345 | 71,397 | |
Encore Wire Corp. | 10,986 | 1,543,094 | |
Energous Corp. (a)(b) | 89,434 | 134,151 | |
Energy Focus, Inc. (a)(b) | 617 | 1,370 | |
Enovix Corp. (b) | 83,558 | 2,924,530 | |
Eos Energy Enterprises, Inc. (a)(b) | 27,175 | 270,391 | |
Fluence Energy, Inc. | 26,100 | 827,109 | |
Flux Power Holdings, Inc. (a)(b) | 6,183 | 31,904 | |
FTC Solar, Inc. | 44,589 | 381,682 | |
FuelCell Energy, Inc. (a)(b) | 237,540 | 2,061,847 | |
Fusion Fuel Green PLC Class A (b) | 4,794 | 54,172 | |
Ideal Power, Inc. (a) | 6,424 | 91,735 | |
LSI Industries, Inc. | 17,145 | 121,730 | |
Nuvve Holding Corp. (b) | 16,407 | 259,067 | |
Orion Energy Systems, Inc. (a) | 14,347 | 54,088 | |
Pioneer Power Solutions, Inc. (b) | 9,793 | 99,007 | |
Plug Power, Inc. (a)(b) | 322,062 | 12,834,171 | |
Polar Power, Inc. (a)(b) | 8,285 | 47,639 | |
Powell Industries, Inc. | 6,368 | 155,507 | |
Preformed Line Products Co. | 3,095 | 195,449 | |
Shoals Technologies Group, Inc. (b) | 51,848 | 1,456,929 | |
Sunrun, Inc. (a) | 112,914 | 5,198,561 | |
Sunworks, Inc. (a)(b) | 14,202 | 65,045 | |
TPI Composites, Inc. (a)(b) | 19,991 | 356,440 | |
Ultralife Corp. (a) | 11,042 | 58,743 | |
Vicor Corp. (a) | 17,479 | 2,507,537 | |
37,881,872 | |||
Industrial Conglomerates - 0.6% | |||
Gaucho Group Holdings, Inc. (a)(b) | 9,967 | 28,904 | |
Honeywell International, Inc. | 387,800 | 78,428,672 | |
Icahn Enterprises LP | 139,153 | 7,034,184 | |
Raven Industries, Inc. (a) | 19,549 | 1,133,842 | |
86,625,602 | |||
Machinery - 0.4% | |||
Agrify Corp. (b) | 11,285 | 173,225 | |
Altra Industrial Motion Corp. | 35,733 | 1,883,486 | |
Astec Industries, Inc. | 13,267 | 831,576 | |
Berkshire Grey, Inc. Class A | 53,505 | 316,750 | |
Blue Bird Corp. (a) | 16,718 | 338,372 | |
Columbus McKinnon Corp. (NY Shares) | 16,265 | 722,491 | |
Commercial Vehicle Group, Inc. (a) | 21,200 | 177,868 | |
Eastern Co. | 4,547 | 114,152 | |
Energy Recovery, Inc. (a) | 35,074 | 745,323 | |
Franklin Electric Co., Inc. | 25,745 | 2,266,847 | |
FreightCar America, Inc. (a)(b) | 32,845 | 122,840 | |
Gencor Industries, Inc. (a) | 8,433 | 99,847 | |
Greenland Technologies Holding Corp. (a)(b) | 5,467 | 41,932 | |
GreenPower Motor Co., Inc. (a)(b) | 11,083 | 149,510 | |
Hillman Solutions Corp. Class A (a) | 55,583 | 588,068 | |
Hurco Companies, Inc. | 4,416 | 133,054 | |
Hydrofarm Holdings Group, Inc. (b) | 24,337 | 803,121 | |
Hyzon Motors, Inc. Class A (b) | 114,480 | 868,903 | |
Ideanomics, Inc. (a)(b) | 232,089 | 373,663 | |
Kornit Digital Ltd. (a) | 25,353 | 3,927,433 | |
L.B. Foster Co. Class A (a) | 5,419 | 82,098 | |
Lincoln Electric Holdings, Inc. | 32,763 | 4,421,694 | |
LiqTech International, Inc. (a)(b) | 14,828 | 72,805 | |
Manitex International, Inc. (a) | 14,236 | 93,246 | |
Microvast Holdings, Inc. (a)(b) | 113,033 | 959,650 | |
Middleby Corp. (a) | 30,871 | 5,392,546 | |
Nikola Corp. (a)(b) | 258,443 | 2,641,287 | |
Nisun International Enterprise (a)(b) | 11,226 | 84,869 | |
NN, Inc. (a) | 14,855 | 66,105 | |
Nordson Corp. | 32,168 | 8,176,784 | |
Omega Flex, Inc. (b) | 5,646 | 666,115 | |
PACCAR, Inc. | 191,827 | 16,002,208 | |
Park-Ohio Holdings Corp. | 5,074 | 107,112 | |
Perma-Pipe International Holdings, Inc. (a) | 5,390 | 47,163 | |
Proterra, Inc. Class A (a)(b) | 112,733 | 1,263,737 | |
RBC Bearings, Inc. (a) | 13,892 | 2,746,309 | |
Taylor Devices, Inc. (a) | 1,759 | 19,578 | |
The Shyft Group, Inc. | 20,942 | 1,017,991 | |
Twin Disc, Inc. (a) | 9,749 | 116,793 | |
Urban-Gro, Inc. (a) | 1,561 | 15,532 | |
voxeljet AG ADR (a) | 2,769 | 20,740 | |
Westport Fuel Systems, Inc. (a) | 72,395 | 173,748 | |
Woodward, Inc. | 35,161 | 3,720,034 | |
Xos, Inc. Class A (b) | 29,791 | 120,058 | |
62,706,663 | |||
Marine - 0.0% | |||
Capital Product Partners LP | 6,724 | 110,005 | |
Castor Maritime, Inc. (a)(b) | 49,703 | 93,939 | |
Eagle Bulk Shipping, Inc. | 6,979 | 279,649 | |
EuroDry Ltd. (a)(b) | 13,176 | 268,790 | |
Euroseas Ltd. (a)(b) | 2,629 | 67,486 | |
Golden Ocean Group Ltd. (b) | 99,171 | 933,199 | |
Grindrod Shipping Holdings Ltd. (b) | 8,483 | 126,482 | |
Pangaea Logistics Solutions Ltd. (b) | 24,288 | 92,780 | |
Performance Shipping, Inc. (b) | 40,265 | 193,272 | |
Pyxis Tankers, Inc. (a)(b) | 42,562 | 27,742 | |
Seanergy Martime Holdings Corp. (a) | 72,085 | 68,481 | |
Star Bulk Carriers Corp. | 49,906 | 1,048,525 | |
3,310,350 | |||
Professional Services - 0.4% | |||
51job, Inc. sponsored ADR (a) | 22,264 | 1,284,633 | |
Acacia Research Corp. (a) | 26,315 | 128,944 | |
Atlas Technical Consultants, Inc. (a) | 19,217 | 176,220 | |
Barrett Business Services, Inc. | 3,985 | 281,301 | |
China Index Holdings Ltd. ADR (a)(b) | 30,315 | 34,256 | |
CoStar Group, Inc. (a) | 219,294 | 17,052,301 | |
CRA International, Inc. | 4,701 | 432,821 | |
DLH Holdings Corp. (a) | 5,065 | 66,858 | |
Exponent, Inc. | 28,889 | 3,365,569 | |
First Advantage Corp. | 83,856 | 1,454,063 | |
Forrester Research, Inc. (a) | 10,756 | 607,069 | |
Global Internet of People, Inc. (a)(b) | 8,860 | 19,315 | |
Headhunter Group PLC ADR (b) | 13,600 | 747,320 | |
Heidrick & Struggles International, Inc. | 8,594 | 371,003 | |
Hirequest, Inc. (b) | 6,327 | 144,256 | |
Hudson Global, Inc. (a) | 1,375 | 39,600 | |
Huron Consulting Group, Inc. (a) | 11,971 | 546,955 | |
ICF International, Inc. | 10,225 | 989,167 | |
Kelly Services, Inc. Class A (non-vtg.) | 21,044 | 354,802 | |
Kforce, Inc. | 10,845 | 831,052 | |
LegalZoom.com, Inc. (b) | 86,727 | 1,561,953 | |
ManTech International Corp. Class A | 15,383 | 1,045,275 | |
Otonomo Technologies Ltd. (a)(b) | 13,157 | 51,970 | |
RCM Technologies, Inc. (a) | 4,323 | 34,022 | |
Recruiter.com Group, Inc. (b) | 5,043 | 14,927 | |
Red Violet, Inc. (a)(b) | 8,743 | 317,895 | |
Resources Connection, Inc. | 22,136 | 380,296 | |
ShiftPixy, Inc. (a)(b) | 8,773 | 6,845 | |
Sterling Check Corp. | 66,000 | 1,568,820 | |
Upwork, Inc. (a) | 69,606 | 2,593,520 | |
Verisk Analytics, Inc. | 89,654 | 20,160,495 | |
Where Food Comes From, Inc. (b) | 1,290 | 19,995 | |
Willdan Group, Inc. (a) | 7,167 | 286,752 | |
56,970,270 | |||
Road & Rail - 0.9% | |||
AMERCO | 10,972 | 7,730,432 | |
ArcBest Corp. | 13,918 | 1,434,667 | |
Avis Budget Group, Inc. (a) | 38,789 | 10,651,072 | |
Covenant Transport Group, Inc. Class A (a) | 6,293 | 157,766 | |
CSX Corp. | 1,260,990 | 43,705,913 | |
Daseke, Inc. (a) | 34,313 | 331,120 | |
Ezgo Technologies Ltd. (b) | 2,944 | 6,624 | |
Heartland Express, Inc. | 44,050 | 737,397 | |
Helbiz, Inc. (a)(b) | 4,659 | 39,136 | |
Hertz Global Holdings, Inc. (b) | 250,000 | 6,040,000 | |
HyreCar, Inc. (a) | 10,990 | 58,247 | |
J.B. Hunt Transport Services, Inc. | 58,717 | 11,224,342 | |
Landstar System, Inc. | 21,474 | 3,619,443 | |
Lyft, Inc. (a) | 179,032 | 7,270,490 | |
Marten Transport Ltd. | 47,473 | 763,366 | |
MingZhu Logistics Holdings Ltd. (a)(b) | 2,711 | 5,937 | |
Old Dominion Freight Lines, Inc. | 64,306 | 22,839,562 | |
P.A.M. Transportation Services, Inc. | 7,002 | 453,660 | |
Patriot Transportation Holding, Inc. | 1,759 | 17,097 | |
Saia, Inc. (a) | 14,496 | 4,800,785 | |
Td Holdings, Inc. (a)(b) | 13,130 | 6,632 | |
TuSimple Holdings, Inc. (b) | 102,817 | 4,111,652 | |
U.S.A. Truck, Inc. (a) | 5,235 | 90,461 | |
Universal Logistics Holdings, Inc. | 17,590 | 326,998 | |
Werner Enterprises, Inc. | 37,001 | 1,669,115 | |
Yellow Corp. (a) | 25,553 | 336,277 | |
128,428,191 | |||
Trading Companies & Distributors - 0.2% | |||
Beacon Roofing Supply, Inc. (a) | 38,797 | 1,936,358 | |
Code Chain New Continent Ltd. (a)(b) | 17,695 | 23,004 | |
DXP Enterprises, Inc. (a) | 9,057 | 250,245 | |
Euro Tech Holdings Co. Ltd. (b) | 3,067 | 10,550 | |
Fastenal Co. | 317,901 | 18,810,202 | |
H&E Equipment Services, Inc. | 19,766 | 832,149 | |
Hudson Technologies, Inc. (a) | 40,436 | 152,444 | |
Huttig Building Products, Inc. (a) | 17,487 | 151,962 | |
Karat Packaging, Inc. (a) | 10,117 | 222,473 | |
Lawson Products, Inc. (a) | 5,086 | 244,789 | |
McGrath RentCorp. | 12,871 | 994,928 | |
Rush Enterprises, Inc.: | |||
Class A | 24,910 | 1,269,414 | |
Class B | 6,706 | 327,119 | |
Titan Machinery, Inc. (a) | 11,661 | 387,612 | |
Transcat, Inc. (a) | 4,527 | 402,767 | |
Willis Lease Finance Corp. (a) | 3,418 | 117,067 | |
26,133,083 | |||
Transportation Infrastructure - 0.0% | |||
Grupo Aeroportuario Norte S.A.B. de CV ADR (a)(b) | 3,405 | 154,212 | |
Sino-Global Shipping America Ltd. (a)(b) | 11,251 | 36,903 | |
191,115 | |||
TOTAL INDUSTRIALS | 570,243,044 | ||
INFORMATION TECHNOLOGY - 43.8% | |||
Communications Equipment - 1.1% | |||
ADTRAN, Inc. | 26,355 | 537,115 | |
Applied Optoelectronics, Inc. (a)(b) | 20,141 | 119,033 | |
AudioCodes Ltd. | 17,081 | 592,027 | |
Aviat Networks, Inc. (a) | 6,448 | 202,080 | |
CalAmp Corp. (a) | 18,255 | 167,581 | |
Cambium Networks Corp. (a) | 14,493 | 394,355 | |
Casa Systems, Inc. (a) | 20,049 | 100,045 | |
Ceragon Networks Ltd. (a)(b) | 40,973 | 107,759 | |
Cisco Systems, Inc. | 2,338,727 | 128,255,789 | |
Clearfield, Inc. (a)(b) | 9,087 | 588,292 | |
ClearOne, Inc. (a) | 10,289 | 14,302 | |
CommScope Holding Co., Inc. (a) | 112,653 | 1,122,024 | |
Communications Systems, Inc. (b) | 4,332 | 13,169 | |
COMSovereign Holding Corp. (b) | 20,231 | 21,849 | |
Comtech Telecommunications Corp. | 12,600 | 319,914 | |
Digi International, Inc. (a) | 19,090 | 411,008 | |
DZS, Inc. (a) | 13,141 | 170,307 | |
EMCORE Corp. (a) | 20,355 | 150,016 | |
Ericsson (B Shares) sponsored ADR | 208,281 | 2,082,810 | |
Extreme Networks, Inc. (a) | 71,064 | 959,364 | |
F5, Inc. (a) | 33,009 | 7,512,188 | |
Franklin Wireless Corp. (a) | 5,335 | 20,753 | |
Genasys, Inc. (a) | 20,513 | 85,744 | |
Gilat Satellite Networks Ltd. | 18,319 | 129,699 | |
Harmonic, Inc. (a) | 60,290 | 648,118 | |
Infinera Corp. (a)(b) | 113,084 | 919,373 | |
Inseego Corp. (a)(b) | 52,527 | 339,324 | |
Ituran Location & Control Ltd. | 10,985 | 289,235 | |
KVH Industries, Inc. (a) | 10,763 | 107,522 | |
Lantronix, Inc. (a) | 15,008 | 107,607 | |
Lumentum Holdings, Inc. (a) | 42,344 | 3,674,189 | |
Minim, Inc. (a) | 14,155 | 17,694 | |
NETGEAR, Inc. (a) | 18,625 | 498,033 | |
NetScout Systems, Inc. (a) | 41,313 | 1,235,259 | |
Ondas Holdings, Inc. (b) | 39,894 | 303,593 | |
PC-Tel, Inc. | 11,312 | 64,139 | |
Radware Ltd. (a) | 27,195 | 787,839 | |
Resonant, Inc. (a)(b) | 10,903 | 22,787 | |
Ribbon Communications, Inc. (a) | 79,551 | 433,553 | |
Sierra Wireless, Inc. (a)(b) | 18,467 | 322,249 | |
Silicom Ltd. (a) | 4,848 | 214,427 | |
Siyata Mobile, Inc. (a)(b) | 19,350 | 65,016 | |
Tessco Technologies, Inc. (a) | 10,061 | 53,323 | |
UTStarcom Holdings Corp. (a) | 48,947 | 52,863 | |
ViaSat, Inc. (a)(b) | 40,249 | 1,782,628 | |
Viavi Solutions, Inc. (a) | 125,363 | 1,856,626 | |
Vislink Technologies, Inc. (a)(b) | 25,373 | 37,552 | |
157,910,172 | |||
Electronic Equipment & Components - 0.7% | |||
908 Devices, Inc. | 479 | 11,496 | |
Advanced Energy Industries, Inc. | 21,207 | 1,859,642 | |
AEye, Inc. Class A (a)(b) | 33,414 | 186,116 | |
Airgain, Inc. (a) | 4,073 | 38,897 | |
Akoustis Technologies, Inc. (a) | 49,685 | 344,814 | |
Avnet, Inc. | 53,663 | 1,946,357 | |
Bel Fuse, Inc.: | |||
Class A | 1,125 | 15,300 | |
Class B (non-vtg.) | 5,258 | 63,306 | |
CDW Corp. | 77,586 | 14,691,685 | |
Cemtrex, Inc. (a) | 30,161 | 30,764 | |
ClearSign Combustion Corp. (a)(b) | 16,057 | 26,655 | |
Coda Octopus Group, Inc. (a)(b) | 4,103 | 31,552 | |
Cognex Corp. | 98,291 | 7,592,980 | |
Coherent, Inc. (a) | 13,614 | 3,525,073 | |
CPS Technologies Corp. (a)(b) | 4,893 | 18,496 | |
Daktronics, Inc. (a) | 31,984 | 156,082 | |
Data I/O Corp. (a) | 15,054 | 70,603 | |
Deswell Industries, Inc. | 1,758 | 8,474 | |
Digital Ally, Inc. (a)(b) | 23,185 | 25,967 | |
ePlus, Inc. (a) | 7,090 | 747,924 | |
Evolv Technologies Holdings, Inc. (a)(b) | 64,837 | 351,417 | |
FARO Technologies, Inc. (a) | 11,137 | 773,576 | |
Flex Ltd. (a) | 275,758 | 4,715,462 | |
Focus Universal, Inc. (a)(b) | 20,486 | 238,047 | |
Frequency Electronics, Inc. (a) | 5,274 | 51,474 | |
Hollysys Automation Technologies Ltd. (b) | 32,959 | 509,546 | |
Identiv, Inc. (a) | 10,328 | 237,441 | |
II-VI, Inc. (a)(b) | 58,179 | 3,637,933 | |
Innoviz Technologies Ltd. (a)(b) | 61,501 | 441,577 | |
Insight Enterprises, Inc. (a) | 19,371 | 1,910,368 | |
Integrated Media Technology Ltd. (a)(b) | 2,239 | 11,441 | |
Intellicheck, Inc. (a)(b) | 10,166 | 52,050 | |
Interlink Electronics, Inc. (a)(b) | 2,544 | 23,379 | |
IPG Photonics Corp. (a) | 29,805 | 4,893,683 | |
Iteris, Inc. (a) | 22,008 | 99,916 | |
Itron, Inc. (a) | 24,868 | 1,539,578 | |
KEY Tronic Corp. (a) | 6,057 | 37,008 | |
Kimball Electronics, Inc. (a) | 15,945 | 338,353 | |
LightPath Technologies, Inc. Class A (a)(b) | 12,016 | 23,551 | |
Lightwave Logic, Inc. (a)(b) | 48,232 | 671,872 | |
Littelfuse, Inc. | 13,581 | 4,053,657 | |
Luna Innovations, Inc. (a) | 21,826 | 182,684 | |
MicroVision, Inc. (a)(b) | 87,687 | 620,824 | |
MICT, Inc. (a)(b) | 91,949 | 92,868 | |
Napco Security Technolgies, Inc. (a) | 11,834 | 549,926 | |
National Instruments Corp. | 72,866 | 3,025,396 | |
Neonode, Inc. (a) | 4,962 | 48,429 | |
nLIGHT, Inc. (a) | 23,656 | 588,798 | |
Novanta, Inc. (a) | 19,813 | 3,198,809 | |
OSI Systems, Inc. (a) | 9,960 | 905,663 | |
PC Connection, Inc. | 15,743 | 690,173 | |
Plexus Corp. (a) | 16,687 | 1,404,044 | |
Powerfleet, Inc. (a) | 19,674 | 120,011 | |
Red Cat Holdings, Inc. (b) | 20,617 | 44,739 | |
Research Frontiers, Inc. (a)(b) | 10,936 | 21,981 | |
RF Industries Ltd. (a) | 2,448 | 16,622 | |
Richardson Electronics Ltd. | 7,825 | 85,997 | |
Sanmina Corp. (a) | 34,858 | 1,273,711 | |
ScanSource, Inc. (a) | 12,803 | 400,094 | |
Senstar Technologies Ltd. | 12,188 | 40,830 | |
Soluna Holdings, Inc. (a) | 5,272 | 63,317 | |
Supercom Ltd. (a)(b) | 8,931 | 6,144 | |
Trimble, Inc. (a) | 139,198 | 11,952,932 | |
TROOPS, Inc. (a)(b) | 48,344 | 255,740 | |
TTM Technologies, Inc. (a) | 56,839 | 783,241 | |
Velodyne Lidar, Inc. (a)(b) | 204,105 | 1,126,660 | |
Wayside Technology Group, Inc. | 3,243 | 105,073 | |
Wrap Technologies, Inc. (a)(b) | 38,058 | 171,261 | |
Zebra Technologies Corp. Class A (a) | 29,691 | 17,481,467 | |
101,260,946 | |||
IT Services - 2.9% | |||
Affirm Holdings, Inc. | 107,104 | 13,567,935 | |
AgileThought, Inc. Class A (a)(b) | 21,017 | 231,187 | |
Akamai Technologies, Inc. (a) | 90,511 | 10,200,590 | |
Alithya Group, Inc. (a) | 36,580 | 88,524 | |
ALJ Regional Holdings, Inc. (a)(b) | 36,145 | 45,543 | |
Amdocs Ltd. | 73,258 | 5,114,874 | |
American Virtual Cloud Technologies, Inc. (a) | 11,030 | 17,758 | |
Automatic Data Processing, Inc. | 236,080 | 54,508,511 | |
BigCommerce Holdings, Inc. (a) | 38,362 | 1,736,648 | |
Brightcove, Inc. (a) | 26,601 | 256,168 | |
Cantaloupe, Inc. (a) | 40,019 | 360,971 | |
Cass Information Systems, Inc. | 9,021 | 362,283 | |
Chindata Group Holdings Ltd. ADR (a)(b) | 48,048 | 454,534 | |
CLPS, Inc. (a)(b) | 5,050 | 12,827 | |
Cognizant Technology Solutions Corp. Class A | 292,346 | 22,797,141 | |
Computer Task Group, Inc. (a) | 17,316 | 136,796 | |
Concentrix Corp. | 28,981 | 4,810,846 | |
Conduent, Inc. (a) | 116,630 | 587,815 | |
Crexendo, Inc. (a)(b) | 9,806 | 50,011 | |
CSG Systems International, Inc. | 17,233 | 908,351 | |
CSP, Inc. (a) | 2,765 | 24,691 | |
Cyxtera Technologies, Inc.: | |||
warrants 9/10/27 (a) | 6,862 | 15,302 | |
Class A (a) | 38,411 | 380,653 | |
Data Storage Corp. (a)(b) | 37,137 | 134,807 | |
Dlocal Ltd. (b) | 80,031 | 2,657,029 | |
Euronet Worldwide, Inc. (a) | 29,379 | 2,978,149 | |
EVO Payments, Inc. Class A (a) | 26,275 | 559,395 | |
Exela Technologies, Inc. (a)(b) | 104,481 | 132,691 | |
ExlService Holdings, Inc. (a) | 18,501 | 2,402,725 | |
Fiserv, Inc. (a) | 370,392 | 35,750,236 | |
Flywire Corp. | 52,577 | 2,136,729 | |
Formula Systems (1985) Ltd. ADR (b) | 193 | 22,957 | |
GDS Holdings Ltd. ADR (a)(b) | 59,815 | 3,352,033 | |
GreenBox POS (a)(b) | 21,290 | 110,921 | |
GreenSky, Inc. Class A (a) | 43,512 | 493,426 | |
Grid Dynamics Holdings, Inc. (a) | 87,156 | 3,419,130 | |
Hackett Group, Inc. | 16,264 | 332,761 | |
i3 Verticals, Inc. Class A (a) | 11,916 | 222,233 | |
IBEX Ltd. (a) | 9,924 | 131,245 | |
Information Services Group, Inc. | 25,958 | 214,154 | |
Innodata, Inc. (a) | 13,207 | 86,110 | |
Inpixon (a)(b) | 51,648 | 34,857 | |
International Money Express, Inc. (a) | 22,487 | 339,779 | |
Jack Henry & Associates, Inc. | 41,434 | 6,282,637 | |
Kingsoft Cloud Holdings Ltd. ADR (a)(b) | 19,869 | 343,336 | |
Limelight Networks, Inc. (a) | 65,096 | 179,014 | |
Marqeta, Inc. Class A | 31,033 | 610,109 | |
MoneyGram International, Inc. (a) | 43,256 | 256,508 | |
MongoDB, Inc. Class A (a) | 34,526 | 17,197,401 | |
Net 1 UEPS Technologies, Inc. (a)(b) | 28,433 | 131,076 | |
Nuvei Corp. (b)(d) | 34,200 | 3,370,752 | |
Okta, Inc. (a) | 73,602 | 15,841,358 | |
Paya Holdings, Inc. (a)(b) | 85,172 | 548,508 | |
Paychex, Inc. | 199,321 | 23,759,063 | |
Payoneer Global, Inc. | 187,374 | 1,452,149 | |
PayPal Holdings, Inc. (a) | 652,414 | 120,624,824 | |
Paysign, Inc. (a) | 29,027 | 52,539 | |
Perficient, Inc. (a) | 17,809 | 2,440,367 | |
PFSweb, Inc. (a) | 12,193 | 149,242 | |
Priority Technology Holdings, Inc. (a) | 36,694 | 237,043 | |
QIWI PLC Class B sponsored ADR (b) | 25,057 | 214,488 | |
Rackspace Technology, Inc. (a)(b) | 114,778 | 1,636,734 | |
Remitly Global, Inc. (b) | 62,986 | 1,515,443 | |
Repay Holdings Corp. (a) | 49,581 | 811,145 | |
Research Solutions, Inc. (a) | 4,834 | 10,925 | |
Sabre Corp. (a)(b) | 147,434 | 1,110,178 | |
ServiceSource International, Inc. (a) | 43,570 | 47,491 | |
Steel Connect, Inc. (a) | 32,364 | 51,135 | |
StoneCo Ltd. Class A (a) | 102,064 | 1,592,198 | |
Taoping, Inc. (a)(b) | 3,739 | 11,217 | |
TaskUs, Inc. | 7,927 | 353,148 | |
The Glimpse Group, Inc. (b) | 3,147 | 38,865 | |
The OLB Group, Inc. (a)(b) | 1,982 | 8,503 | |
Thoughtworks Holding, Inc. | 280,353 | 8,186,308 | |
Ttec Holdings, Inc. | 25,710 | 2,169,667 | |
Tucows, Inc. (a) | 6,556 | 533,199 | |
Usio, Inc. (a) | 12,705 | 95,542 | |
VeriSign, Inc. (a) | 62,298 | 14,945,913 | |
Verra Mobility Corp. (a) | 88,691 | 1,276,263 | |
Vnet Group, Inc. ADR (a)(b) | 54,840 | 533,045 | |
Wix.com Ltd. (a) | 31,366 | 4,792,725 | |
405,591,384 | |||
Semiconductors & Semiconductor Equipment - 11.7% | |||
ACM Research, Inc. (a) | 9,521 | 832,326 | |
Advanced Micro Devices, Inc. (a) | 674,944 | 106,890,881 | |
AEHR Test Systems (a) | 12,905 | 224,805 | |
Allegro MicroSystems LLC (a) | 104,788 | 3,272,529 | |
Alpha & Omega Semiconductor Ltd. (a) | 13,400 | 658,208 | |
Ambarella, Inc. (a) | 19,752 | 3,545,879 | |
Amkor Technology, Inc. | 135,545 | 2,922,350 | |
Amtech Systems, Inc. (a) | 9,588 | 94,921 | |
Analog Devices, Inc. | 265,562 | 47,867,551 | |
Applied Materials, Inc. | 507,393 | 74,683,176 | |
ASML Holding NV | 44,117 | 34,919,047 | |
Atomera, Inc. (a)(b) | 13,904 | 334,947 | |
Axcelis Technologies, Inc. (a) | 19,430 | 1,201,163 | |
AXT, Inc. (a) | 21,623 | 177,741 | |
Broadcom, Inc. | 226,607 | 125,467,764 | |
Brooks Automation, Inc. | 41,417 | 4,684,263 | |
Camtek Ltd. (a)(b) | 23,975 | 1,105,727 | |
Canadian Solar, Inc. (a)(b) | 33,213 | 1,260,101 | |
CEVA, Inc. (a) | 12,199 | 537,976 | |
ChipMOS TECHNOLOGIES, Inc. sponsored ADR (b) | 3,922 | 128,838 | |
Cirrus Logic, Inc. (a) | 32,816 | 2,631,187 | |
CMC Materials, Inc. | 16,067 | 2,133,698 | |
Cohu, Inc. (a) | 26,895 | 886,728 | |
CVD Equipment Corp. (a) | 4,263 | 18,800 | |
CyberOptics Corp. (a) | 5,253 | 226,667 | |
Diodes, Inc. (a) | 25,728 | 2,736,173 | |
DSP Group, Inc. (a) | 16,168 | 355,534 | |
Enphase Energy, Inc. (a) | 75,384 | 18,846,000 | |
Entegris, Inc. | 75,304 | 11,000,408 | |
Everspin Technologies, Inc. (a)(b) | 13,033 | 157,569 | |
First Solar, Inc. (a) | 59,097 | 6,122,449 | |
FormFactor, Inc. (a) | 42,470 | 1,780,342 | |
GlobalFoundries, Inc. (b) | 282,300 | 19,546,452 | |
GSI Technology, Inc. (a) | 15,609 | 87,723 | |
Himax Technologies, Inc. sponsored ADR (b) | 59,577 | 592,791 | |
Ichor Holdings Ltd. (a) | 15,188 | 727,353 | |
Impinj, Inc. (a)(b) | 13,149 | 985,781 | |
indie Semiconductor, Inc. (b) | 54,603 | 749,699 | |
Intel Corp. | 2,241,691 | 110,291,197 | |
KLA Corp. | 85,067 | 34,718,395 | |
Kopin Corp. (a) | 49,279 | 257,236 | |
Kulicke & Soffa Industries, Inc. (b) | 35,023 | 2,019,426 | |
Lam Research Corp. | 79,192 | 53,838,681 | |
Lattice Semiconductor Corp. (a) | 76,080 | 5,776,754 | |
MACOM Technology Solutions Holdings, Inc. (a) | 38,228 | 2,748,975 | |
Marvell Technology, Inc. | 455,030 | 32,384,485 | |
Maxeon Solar Technologies Ltd. (a)(b) | 27,787 | 507,113 | |
Meta Materials, Inc. (a)(b) | 152,962 | 561,371 | |
Microchip Technology, Inc. | 303,484 | 25,319,670 | |
Micron Technology, Inc. | 622,852 | 52,319,568 | |
MKS Instruments, Inc. | 30,755 | 4,679,681 | |
Monolithic Power Systems, Inc. | 25,469 | 14,096,073 | |
MoSys, Inc. (a) | 20,260 | 79,014 | |
Nova Ltd. (a) | 15,378 | 1,976,842 | |
NVE Corp. | 2,373 | 159,632 | |
NVIDIA Corp. | 1,383,892 | 452,200,550 | |
NXP Semiconductors NV | 152,906 | 34,153,084 | |
O2Micro International Ltd. sponsored ADR (a)(b) | 16,202 | 84,412 | |
ON Semiconductor Corp. (a) | 237,640 | 14,598,225 | |
PDF Solutions, Inc. (a) | 23,680 | 708,742 | |
Photronics, Inc. (a) | 36,838 | 486,630 | |
Pixelworks, Inc. (a) | 37,111 | 192,606 | |
Power Integrations, Inc. | 33,245 | 3,325,497 | |
Qorvo, Inc. (a) | 62,594 | 9,153,121 | |
Qualcomm, Inc. | 626,261 | 113,077,686 | |
QuickLogic Corp. (a) | 2,338 | 13,350 | |
Rambus, Inc. (a) | 63,437 | 1,706,455 | |
Rubicon Technology, Inc. (a) | 443 | 4,231 | |
SemiLEDs Corp. (a) | 4,500 | 28,980 | |
Semtech Corp. (a) | 36,094 | 3,092,173 | |
Silicon Laboratories, Inc. (a) | 24,722 | 4,852,187 | |
Silicon Motion Tech Corp. sponsored ADR | 18,785 | 1,296,729 | |
SiTime Corp. (a) | 10,972 | 3,274,923 | |
SkyWater Technology, Inc. (b) | 21,008 | 393,060 | |
Skyworks Solutions, Inc. | 91,599 | 13,891,904 | |
SMART Global Holdings, Inc. (a) | 12,953 | 738,580 | |
SolarEdge Technologies, Inc. (a) | 28,902 | 9,472,920 | |
SPI Energy Co. Ltd. sponsored ADR (a) | 11,554 | 60,659 | |
Summit Wireless Technologies, Inc. (a) | 50,912 | 92,660 | |
SunPower Corp. (a)(b) | 95,141 | 2,725,790 | |
Synaptics, Inc. (a) | 19,435 | 5,485,334 | |
Teradyne, Inc. | 92,229 | 14,099,047 | |
Texas Instruments, Inc. | 512,201 | 98,532,106 | |
Tower Semiconductor Ltd. (a) | 61,304 | 2,175,066 | |
Ultra Clean Holdings, Inc. (a) | 25,361 | 1,390,036 | |
Universal Display Corp. | 26,374 | 3,772,801 | |
Veeco Instruments, Inc. (a)(b) | 28,870 | 767,365 | |
WISeKey International Holding Ltd. ADR (a)(b) | 1,391 | 6,579 | |
Xilinx, Inc. | 136,355 | 31,150,300 | |
1,649,133,448 | |||
Software - 16.4% | |||
Absolute Software Corp.(b) | 25,866 | 228,914 | |
ACI Worldwide, Inc. (a) | 65,286 | 1,902,434 | |
Adobe, Inc. (a) | 265,497 | 177,843,165 | |
Agilysys, Inc. (a) | 14,089 | 613,576 | |
Agora, Inc. ADR (a)(b) | 18,996 | 397,016 | |
Alarm.com Holdings, Inc. (a) | 27,342 | 2,181,618 | |
Alfi, Inc. (b) | 6,105 | 23,077 | |
Alkami Technology, Inc. (a) | 47,062 | 1,350,209 | |
Allot Ltd. (a) | 21,262 | 243,875 | |
Altair Engineering, Inc. Class A (a)(b) | 26,620 | 1,981,859 | |
American Software, Inc. Class A | 20,292 | 462,658 | |
Amplitude, Inc. | 24,761 | 1,609,465 | |
ANSYS, Inc. (a) | 48,381 | 18,940,194 | |
AppFolio, Inc. (a) | 10,392 | 1,252,132 | |
Appian Corp. Class A (a)(b) | 21,741 | 1,616,443 | |
AppLovin Corp. | 120,452 | 10,974,382 | |
Arqit Quantum, Inc. (b) | 50,517 | 1,922,677 | |
Aspen Technology, Inc. (a) | 37,769 | 5,477,638 | |
Asure Software, Inc. (a) | 12,380 | 106,220 | |
Atlassian Corp. PLC (a) | 75,454 | 28,394,849 | |
Auddia, Inc. (b) | 4,309 | 9,264 | |
AudioEye, Inc. (a)(b) | 5,464 | 42,346 | |
Aurora Mobile Ltd. ADR (a)(b) | 10,391 | 14,755 | |
Autodesk, Inc. (a) | 122,187 | 31,058,714 | |
AvePoint, Inc. (a)(b) | 99,593 | 688,188 | |
AvidXchange Holdings, Inc. | 101,300 | 2,163,768 | |
Aware, Inc. (a) | 13,849 | 40,993 | |
Benefitfocus, Inc. (a) | 12,461 | 125,358 | |
Bentley Systems, Inc. Class B (b) | 147,154 | 7,061,920 | |
Bio-Key International, Inc. (a)(b) | 10,259 | 25,545 | |
Bit Digital, Inc. (a)(b) | 24,469 | 240,775 | |
Bitfarms Ltd. (b) | 73,196 | 559,949 | |
Blackbaud, Inc. (a) | 27,295 | 2,059,681 | |
BlackLine, Inc. (a) | 32,196 | 3,543,170 | |
Bottomline Technologies, Inc. (a) | 24,745 | 1,109,566 | |
Bridgeline Digital, Inc. (a) | 2,527 | 6,722 | |
BSQUARE Corp. (a)(b) | 7,925 | 15,375 | |
BTRS Holdings, Inc. (a) | 39,622 | 295,580 | |
Cadence Design Systems, Inc. (a) | 154,539 | 27,424,491 | |
CDK Global, Inc. | 67,309 | 2,600,820 | |
Cellebrite DI Ltd. (b) | 73,642 | 574,408 | |
Cerence, Inc. (a)(b) | 20,968 | 1,576,374 | |
Check Point Software Technologies Ltd. (a) | 75,160 | 8,366,060 | |
Cipher Mining, Inc. (b) | 179,480 | 1,416,097 | |
Citrix Systems, Inc. | 68,929 | 5,543,959 | |
Cleanspark, Inc. (a)(b) | 17,381 | 309,034 | |
Cognyte Software Ltd. | 35,965 | 732,607 | |
Color Star Technology Co. Ltd. (a)(b) | 55,164 | 30,362 | |
CommVault Systems, Inc. (a) | 26,244 | 1,650,223 | |
Confluent, Inc. | 12,770 | 996,315 | |
Consensus Cloud Solutions, Inc. | 8,431 | 528,118 | |
Couchbase, Inc. (b) | 22,694 | 750,037 | |
Coupa Software, Inc. (a) | 41,112 | 8,085,086 | |
Crowdstrike Holdings, Inc. (a) | 110,646 | 24,025,672 | |
CyberArk Software Ltd. (a) | 21,654 | 3,742,894 | |
Cyren Ltd. (a)(b) | 13,132 | 5,037 | |
Datadog, Inc. Class A (a) | 129,931 | 23,165,398 | |
Datasea, Inc. (a) | 13,579 | 21,455 | |
DatChat, Inc. | 1,357 | 5,170 | |
Descartes Systems Group, Inc. (a) | 47,469 | 3,814,609 | |
Digimarc Corp. (a)(b) | 8,852 | 379,751 | |
Digital Turbine, Inc. (a) | 51,932 | 2,755,512 | |
Docebo, Inc. | 17,706 | 1,261,375 | |
DocuSign, Inc. (a) | 108,093 | 26,629,791 | |
Domo, Inc. Class B (a) | 15,733 | 1,138,283 | |
Dropbox, Inc. Class A (a) | 176,279 | 4,338,226 | |
Duck Creek Technologies, Inc. (a) | 71,543 | 2,045,414 | |
Ebix, Inc. (b) | 17,007 | 519,734 | |
eGain Communications Corp. (a) | 19,235 | 201,968 | |
Everbridge, Inc. (a) | 20,941 | 2,375,128 | |
EverCommerce, Inc. | 106,434 | 1,732,746 | |
Evolving Systems, Inc. (a) | 8,488 | 20,117 | |
Expensify, Inc. | 39,471 | 1,781,721 | |
Five9, Inc. (a) | 37,325 | 5,312,467 | |
Fortinet, Inc. (a) | 90,652 | 30,106,436 | |
Greenidge Generation Holdings, Inc. | 5,846 | 113,295 | |
GTY Technology Holdings, Inc. (a) | 38,628 | 254,172 | |
HIVE Blockchain Technologies Ltd. (a)(b) | 207,813 | 783,455 | |
Hut 8 Mining Corp. (a)(b) | 114,328 | 1,377,652 | |
Infobird Co. Ltd. (b) | 11,582 | 17,026 | |
Intapp, Inc. | 33,368 | 913,950 | |
InterDigital, Inc. | 17,923 | 1,217,151 | |
Intuit, Inc. | 151,749 | 98,985,873 | |
Ipsidy, Inc. (a)(b) | 12,623 | 186,694 | |
Jamf Holding Corp. (a)(b) | 65,286 | 2,104,168 | |
JFrog Ltd. (a)(b) | 24,474 | 782,189 | |
Kaltura, Inc. | 47,450 | 224,913 | |
Karooooo Ltd. | 13,324 | 429,033 | |
Kaspien Holdings, Inc. (a) | 939 | 12,207 | |
KnowBe4, Inc. (a) | 6,045 | 136,375 | |
Latch, Inc. (b) | 75,884 | 628,320 | |
LivePerson, Inc. (a) | 38,197 | 1,476,696 | |
Livevox Holdings, Inc. (a)(b) | 51,720 | 246,187 | |
Magic Software Enterprises Ltd. | 31,025 | 667,038 | |
Mandiant, Inc. (a) | 132,160 | 2,242,755 | |
Manhattan Associates, Inc. (a) | 35,415 | 5,530,406 | |
Marathon Digital Holdings, Inc. (a)(b) | 55,109 | 2,814,417 | |
Marin Software, Inc. (a)(b) | 14,390 | 74,396 | |
Materialise NV ADR (a)(b) | 12,614 | 307,151 | |
Matterport, Inc. (b) | 127,629 | 4,132,627 | |
McAfee Corp. | 91,878 | 2,375,046 | |
Mercurity Fintech Holding, Inc. sponsored ADR (a)(b) | 3,066 | 11,130 | |
Microsoft Corp. | 4,131,573 | 1,365,856,718 | |
MicroStrategy, Inc. Class A (a)(b) | 4,324 | 3,119,463 | |
Mimecast Ltd. (a) | 36,251 | 2,936,331 | |
Mitek Systems, Inc. (a) | 28,300 | 484,779 | |
MMTEC, Inc. (a)(b) | 12,794 | 17,144 | |
Momentive Global, Inc. (a) | 80,549 | 1,645,616 | |
Monday.com Ltd. (b) | 24,264 | 8,730,187 | |
Mullen Automotive, Inc. (a)(b) | 2,849 | 22,564 | |
nCino, Inc. (a)(b) | 52,955 | 3,289,565 | |
NetSol Technologies, Inc. (a) | 6,495 | 26,045 | |
Nextnav, Inc. (a)(b) | 34,027 | 276,299 | |
NICE Systems Ltd. sponsored ADR (a) | 28,115 | 8,209,018 | |
NortonLifeLock, Inc. | 321,799 | 7,996,705 | |
Nuance Communications, Inc. (a) | 158,953 | 8,820,302 | |
Nutanix, Inc. Class A (a) | 113,361 | 3,765,852 | |
NXT-ID, Inc. (a)(b) | 3,425 | 10,035 | |
Oblong, Inc. (a) | 15,384 | 19,076 | |
Onespan, Inc. (a) | 24,175 | 413,151 | |
Open Text Corp. (b) | 151,564 | 7,185,649 | |
Opera Ltd. ADR (a) | 15,592 | 120,370 | |
Palo Alto Networks, Inc. (a) | 53,712 | 29,377,241 | |
Park City Group, Inc. (a) | 11,886 | 69,533 | |
Paycor HCM, Inc. | 94,882 | 2,793,326 | |
Paylocity Holding Corp. (a) | 30,384 | 7,667,099 | |
Pegasystems, Inc. | 45,245 | 5,195,031 | |
Phunware, Inc. (a)(b) | 146,729 | 426,981 | |
Powerbridge Technologies Co. Ltd. (a)(b) | 22,594 | 21,476 | |
Progress Software Corp. (b) | 24,678 | 1,195,649 | |
PTC, Inc. (a) | 65,059 | 7,129,165 | |
Qualtrics International, Inc. | 50,590 | 1,637,092 | |
Qualys, Inc. (a) | 22,000 | 2,866,380 | |
Quantum Computing, Inc. (a)(b) | 16,331 | 86,554 | |
Qumu Corp. (a) | 9,115 | 18,321 | |
Radcom Ltd. (a)(b) | 13,668 | 154,448 | |
Rapid7, Inc. (a) | 31,413 | 3,897,097 | |
RealNetworks, Inc. (a) | 22,292 | 26,973 | |
Rekor Systems, Inc. (a) | 22,727 | 152,725 | |
Rimini Street, Inc. (a) | 63,744 | 421,348 | |
Riot Blockchain, Inc. (a)(b) | 53,350 | 1,993,690 | |
Safe-T Group Ltd. ADR (a)(b) | 24,878 | 24,132 | |
Sapiens International Corp. NV | 29,656 | 1,051,898 | |
SeaChange International, Inc. (a) | 14,506 | 10,752 | |
SecureWorks Corp. (a) | 11,955 | 212,321 | |
SharpLink Gaming Ltd. (a)(b) | 20,794 | 61,550 | |
ShotSpotter, Inc. (a) | 7,107 | 249,598 | |
SilverSun Technologies, Inc. (A Shares) | 910 | 4,304 | |
Smith Micro Software, Inc. (a) | 26,575 | 145,631 | |
Sphere 3D Corp. (a)(b) | 22,706 | 106,264 | |
Splunk, Inc. (a) | 91,071 | 11,019,591 | |
Sprout Social, Inc. (a) | 24,410 | 2,726,109 | |
SPS Commerce, Inc. (a) | 19,702 | 2,777,785 | |
SRAX, Inc. (a) | 9,776 | 51,324 | |
SS&C Technologies Holdings, Inc. | 142,097 | 10,846,264 | |
Sumo Logic, Inc. (a) | 13,822 | 195,443 | |
Synchronoss Technologies, Inc. (a) | 36,551 | 98,688 | |
Synopsys, Inc. (a) | 84,745 | 28,898,045 | |
Telos Corp. | 31,492 | 495,999 | |
Tenable Holdings, Inc. (a) | 58,467 | 2,888,270 | |
The Trade Desk, Inc. (a) | 239,730 | 24,792,877 | |
Upland Software, Inc. (a) | 11,298 | 221,215 | |
Varonis Systems, Inc. (a) | 59,223 | 3,068,344 | |
Verb Technology Co., Inc. (a)(b) | 61,842 | 94,618 | |
Verint Systems, Inc. (a)(b) | 35,965 | 1,711,574 | |
Veritone, Inc. (a)(b) | 17,638 | 452,238 | |
Vertex, Inc. Class A (a) | 14,677 | 268,296 | |
Vonage Holdings Corp. (a) | 142,421 | 2,936,721 | |
WalkMe Ltd. | 45,590 | 861,651 | |
Wejo Group Ltd. (b) | 33,045 | 202,235 | |
Workday, Inc. Class A (a) | 104,998 | 28,793,602 | |
Xperi Holding Corp. | 60,469 | 1,083,604 | |
Xunlei Ltd. sponsored ADR (a)(b) | 12,614 | 29,643 | |
Zix Corp. (a) | 30,366 | 257,200 | |
Zoom Video Communications, Inc. Class A (a) | 129,889 | 27,459,833 | |
Zscaler, Inc. (a) | 75,492 | 26,193,459 | |
2,298,957,363 | |||
Technology Hardware, Storage & Peripherals - 11.0% | |||
Apple, Inc. | 9,087,623 | 1,502,184,039 | |
Astro-Med, Inc. (a) | 3,663 | 60,549 | |
Avid Technology, Inc. (a) | 25,039 | 802,750 | |
Borqs Technologies, Inc. (a)(b) | 125,741 | 68,780 | |
Boxlight Corp. (a)(b) | 32,673 | 50,970 | |
Canaan, Inc. ADR (a)(b) | 85,719 | 753,470 | |
Corsair Gaming, Inc. (a)(b) | 50,700 | 1,135,680 | |
CPI Card Group (a)(b) | 2,191 | 44,850 | |
Ebang International Holdings, Inc. Class A (a)(b) | 59,440 | 87,377 | |
Immersion Corp. (a)(b) | 18,807 | 113,030 | |
Intevac, Inc. (a) | 22,851 | 96,660 | |
Logitech International SA (b) | 93,405 | 7,444,379 | |
Movano, Inc. | 16,621 | 61,165 | |
Nano Dimension Ltd. ADR (a)(b) | 73,899 | 353,976 | |
NetApp, Inc. | 123,130 | 10,943,794 | |
One Stop Systems, Inc. (a)(b) | 8,505 | 43,376 | |
Quantum Corp. (a) | 29,791 | 162,957 | |
Seagate Technology Holdings PLC | 126,806 | 13,019,172 | |
Socket Mobile, Inc. (a) | 1,296 | 6,674 | |
Sonim Technologies, Inc. (a)(b) | 7,078 | 10,192 | |
Stratasys Ltd. (a)(b) | 31,101 | 839,416 | |
Super Micro Computer, Inc. (a) | 28,899 | 1,196,419 | |
Transact Technologies, Inc. (a) | 6,575 | 72,588 | |
Turtle Beach Corp. (a)(b) | 8,432 | 225,978 | |
Western Digital Corp. (a) | 170,279 | 9,848,937 | |
Xerox Holdings Corp. | 98,578 | 1,815,807 | |
1,551,442,985 | |||
TOTAL INFORMATION TECHNOLOGY | 6,164,296,298 | ||
MATERIALS - 0.3% | |||
Chemicals - 0.1% | |||
ABVC BioPharma, Inc. (a) | 49,915 | 151,742 | |
Advanced Emissions Solutions, Inc. (a) | 9,725 | 62,240 | |
AgroFresh Solutions, Inc. (a) | 34,342 | 61,816 | |
Amyris, Inc. (a)(b) | 134,052 | 919,597 | |
Balchem Corp. | 17,562 | 2,774,796 | |
Bioceres Crop Solutions Corp. (a)(b) | 21,277 | 319,581 | |
Bon Natural Life Ltd. (b) | 4,398 | 23,090 | |
Burcon NutraScience Corp. (a) | 37,560 | 42,067 | |
CN Energy Group, Inc. | 8,671 | 25,233 | |
Crown ElectroKinetics Corp. (a)(b) | 5,276 | 18,835 | |
Diversey Holdings Ltd. | 168,328 | 2,218,563 | |
Fuwei Films Holdings Co. Ltd. (a)(b) | 3,842 | 32,273 | |
Gulf Resources, Inc. (a) | 8,302 | 50,808 | |
Hawkins, Inc. | 11,982 | 397,563 | |
Ikonics Corp. (a) | 946 | 31,568 | |
Innospec, Inc. | 14,671 | 1,191,285 | |
Loop Industries, Inc. (a)(b) | 23,631 | 322,327 | |
Marrone Bio Innovations, Inc. (a) | 55,225 | 38,967 | |
Methanex Corp. (b) | 43,441 | 1,737,206 | |
Northern Technologies International Corp. | 5,689 | 85,904 | |
Origin Materials, Inc. Class A (a) | 78,046 | 529,932 | |
PureCycle Technologies, Inc. | 63,814 | 784,912 | |
Save Foods, Inc. (b) | 6,151 | 38,567 | |
Zymergen, Inc. | 80,309 | 727,600 | |
12,586,472 | |||
Construction Materials - 0.0% | |||
Forterra, Inc. (a) | 36,604 | 870,809 | |
ReTo Eco-Solutions, Inc. (a)(b) | 22,427 | 19,063 | |
Smith-Midland Corp. (a)(b) | 1,983 | 73,371 | |
United States Lime & Minerals, Inc. | 3,255 | 387,833 | |
1,351,076 | |||
Containers & Packaging - 0.0% | |||
Pactiv Evergreen, Inc. | 96,857 | 1,201,995 | |
Silgan Holdings, Inc. | 60,123 | 2,493,301 | |
TriMas Corp. | 23,430 | 776,002 | |
UFP Technologies, Inc. (a) | 5,073 | 339,232 | |
4,810,530 | |||
Metals & Mining - 0.2% | |||
Algoma Steel Group, Inc. | 39,165 | 425,332 | |
Century Aluminum Co. (a) | 47,905 | 633,783 | |
China Natural Resources, Inc. (a)(b) | 12,136 | 10,950 | |
Corvus Gold, Inc. (a) | 68,732 | 217,880 | |
Ferroglobe PLC (a) | 90,623 | 544,644 | |
Ferroglobe Representation & Warranty Insurance (a)(c) | 23,476 | 0 | |
Haynes International, Inc. (b) | 8,044 | 322,323 | |
Huadi International Group Co. Ltd. (b) | 1,902 | 33,437 | |
Kaiser Aluminum Corp. | 9,418 | 840,368 | |
Largo, Inc. (a)(b) | 32,652 | 313,786 | |
Olympic Steel, Inc. | 8,257 | 168,030 | |
Pan American Silver Corp. (b) | 118,840 | 3,035,174 | |
Perpetua Resources Corp. (a) | 28,542 | 144,137 | |
Piedmont Lithium, Inc. (b) | 9,153 | 549,180 | |
Ramaco Resources, Inc. (a)(b) | 21,088 | 256,430 | |
Royal Gold, Inc. | 36,037 | 3,604,781 | |
Schnitzer Steel Industries, Inc. Class A | 15,466 | 743,915 | |
SSR Mining, Inc. (b) | 123,685 | 2,247,356 | |
Steel Dynamics, Inc. | 115,686 | 6,918,023 | |
Synalloy Corp. (a) | 7,129 | 99,806 | |
Synalloy Corp. rights 12/16/21 (a) | 7,129 | 747 | |
U.S. Gold Corp. (a) | 1,706 | 18,357 | |
Universal Stainless & Alloy Products, Inc. (a) | 7,722 | 58,687 | |
21,187,126 | |||
Paper & Forest Products - 0.0% | |||
Mercer International, Inc. (SBI) (b) | 34,446 | 368,572 | |
TOTAL MATERIALS | 40,303,776 | ||
REAL ESTATE - 0.9% | |||
Equity Real Estate Investment Trusts (REITs) - 0.7% | |||
American Finance Trust, Inc. | 62,557 | 496,703 | |
CareTrust (REIT), Inc. | 57,248 | 1,156,982 | |
CIM Commercial Trust Corp. | 12,011 | 83,837 | |
CyrusOne, Inc. | 68,093 | 6,061,639 | |
Diversified Healthcare Trust (SBI) | 73,256 | 204,384 | |
East Stone Acquisition Corp. (a)(b) | 10,409 | 108,254 | |
Equinix, Inc. | 49,738 | 40,397,204 | |
Gaming & Leisure Properties | 128,731 | 5,808,343 | |
Gladstone Commercial Corp. | 18,518 | 411,470 | |
Gladstone Land Corp. | 13,642 | 389,752 | |
Global Self Storage, Inc. | 5,948 | 31,881 | |
Host Hotels & Resorts, Inc. (a) | 391,220 | 6,142,154 | |
Indus Realty Trust, Inc. | 3,882 | 287,268 | |
Industrial Logistics Properties Trust | 36,786 | 815,178 | |
Lamar Advertising Co. Class A | 48,162 | 5,262,180 | |
Medalist Diversified (REIT), Inc. | 12,929 | 14,222 | |
Office Properties Income Trust | 19,717 | 467,884 | |
Phillips Edison & Co., Inc. | 9,195 | 288,447 | |
Potlatch Corp. | 38,372 | 2,077,460 | |
Presidio Property Trust, Inc. Class A | 6,016 | 23,643 | |
Regency Centers Corp. | 95,220 | 6,602,555 | |
Retail Opportunity Investments Corp. | 70,063 | 1,230,306 | |
Sabra Health Care REIT, Inc. | 251,902 | 3,257,093 | |
SBA Communications Corp. Class A | 60,543 | 20,814,683 | |
Service Properties Trust | 89,889 | 764,955 | |
Sotherly Hotels, Inc. (a) | 4,274 | 9,574 | |
Uniti Group, Inc. | 130,929 | 1,737,428 | |
Wheeler REIT, Inc. (a) | 15,634 | 32,675 | |
104,978,154 | |||
Real Estate Management & Development - 0.2% | |||
Alset Ehome International, Inc. (b) | 43,381 | 59,432 | |
Altisource Portfolio Solutions SA (a) | 19,950 | 210,872 | |
China HGS Real Estate, Inc. (a) | 6,970 | 13,801 | |
Colliers International Group, Inc. (b) | 20,510 | 2,776,029 | |
Comstock Holding Companies, Inc. (a) | 4,017 | 19,201 | |
Cresud S.A.C.I.F. y A. sponsored ADR (a) | 25,020 | 111,089 | |
eXp World Holdings, Inc. (b) | 81,193 | 2,980,595 | |
Fathom Holdings, Inc. (a)(b) | 7,329 | 172,891 | |
FirstService Corp. (b) | 24,577 | 4,732,056 | |
FRP Holdings, Inc. (a) | 6,217 | 364,565 | |
Gyrodyne LLC (a) | 1,080 | 13,100 | |
InterGroup Corp. (a) | 986 | 46,687 | |
IRSA Propiedades Comerciales SA sponsored ADR (b) | 15,135 | 33,297 | |
Landmark Infrastructure Partners LP | 12,077 | 196,614 | |
MDJM Ltd. (a) | 4,594 | 12,082 | |
Newmark Group, Inc. | 92,032 | 1,478,034 | |
Opendoor Technologies, Inc. (a) | 320,261 | 5,072,934 | |
Redfin Corp. (a)(b) | 55,561 | 2,260,777 | |
Stratus Properties, Inc. (a) | 4,684 | 165,158 | |
The RMR Group, Inc. | 7,911 | 258,452 | |
Ucommune International Ltd. (b) | 47,079 | 31,124 | |
Zillow Group, Inc.: | |||
Class A (a) | 30,562 | 1,653,710 | |
Class C (a)(b) | 109,707 | 5,953,799 | |
28,616,299 | |||
TOTAL REAL ESTATE | 133,594,453 | ||
UTILITIES - 0.6% | |||
Electric Utilities - 0.6% | |||
Alliant Energy Corp. | 139,857 | 7,662,765 | |
American Electric Power Co., Inc. | 276,336 | 22,397,033 | |
Exelon Corp. | 539,988 | 28,473,567 | |
MGE Energy, Inc. | 19,112 | 1,387,340 | |
Otter Tail Corp. | 23,594 | 1,542,812 | |
Via Renewables, Inc. Class A, (b) | 7,308 | 81,630 | |
Xcel Energy, Inc. | 297,978 | 18,990,138 | |
80,535,285 | |||
Gas Utilities - 0.0% | |||
RGC Resources, Inc. | 5,446 | 116,708 | |
Independent Power and Renewable Electricity Producers - 0.0% | |||
Atlantica Sustainable Infrastructure PLC (b) | 61,295 | 2,351,276 | |
Montauk Renewables, Inc. (b) | 82,646 | 785,963 | |
ReNew Energy Global PLC | 107,444 | 826,244 | |
VivoPower International PLC (a)(b) | 8,836 | 38,348 | |
4,001,831 | |||
Multi-Utilities - 0.0% | |||
NorthWestern Energy Corp. (b) | 28,847 | 1,595,239 | |
Water Utilities - 0.0% | |||
Artesian Resources Corp. Class A | 6,205 | 265,326 | |
Cadiz, Inc. (a)(b) | 22,934 | 92,883 | |
Consolidated Water Co., Inc. (b) | 7,912 | 86,162 | |
Global Water Resources, Inc. | 13,586 | 233,951 | |
Middlesex Water Co. (b) | 10,525 | 1,084,496 | |
Pure Cycle Corp. (a) | 13,933 | 202,864 | |
York Water Co. (b) | 8,284 | 388,188 | |
2,353,870 | |||
TOTAL UTILITIES | 88,602,933 | ||
TOTAL COMMON STOCKS | |||
(Cost $5,395,396,878) | 13,967,787,550 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
CONSUMER DISCRETIONARY - 0.0% | |||
Hotels, Restaurants & Leisure - 0.0% | |||
FAT Brands, Inc. | 1,005 | 20,361 | |
INFORMATION TECHNOLOGY - 0.0% | |||
Semiconductors & Semiconductor Equipment - 0.0% | |||
Meta Materials, Inc. | 84,218 | 157,488 | |
Software - 0.0% | |||
SRAX, Inc. (c) | 9,776 | 587 | |
TOTAL INFORMATION TECHNOLOGY | 158,075 | ||
TOTAL NONCONVERTIBLE PREFERRED STOCKS | |||
(Cost $39,198) | 178,436 | ||
Money Market Funds - 4.3% | |||
Fidelity Cash Central Fund 0.06% (e) | 87,705,229 | 87,722,770 | |
Fidelity Securities Lending Cash Central Fund 0.07% (e)(f) | 518,783,256 | 518,835,135 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $606,557,905) | 606,557,905 | ||
TOTAL INVESTMENT IN SECURITIES - 103.5% | |||
(Cost $6,001,993,981) | 14,574,523,891 | ||
NET OTHER ASSETS (LIABILITIES) - (3.5)% | (496,604,889) | ||
NET ASSETS - 100% | $14,077,919,002 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation/(Depreciation) | |
Purchased | |||||
Equity Index Contracts | |||||
CME E-mini NASDAQ 100 Index Contracts (United States) | 324 | Dec. 2021 | $104,655,240 | $740,843 | $740,843 |
The notional amount of futures purchased as a percentage of Net Assets is 0.7%
(a) Non-income producing
(b) Security or a portion of the security is on loan at period end.
(c) Level 3 security
(d) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $3,370,752 or 0.0% of net assets.
(e) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.
(f) Investment made with cash collateral received from securities on loan.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Fund | Value, beginning of period | Purchases | Sales Proceeds | Dividend Income | Realized Gain/Loss | Change in Unrealized appreciation (depreciation) | Value, end of period | % ownership, end of period |
Fidelity Cash Central Fund 0.06% | $53,973,522 | $1,215,199,013 | $1,181,450,760 | $26,108 | $995 | $-- | $87,722,770 | 0.1% |
Fidelity Securities Lending Cash Central Fund 0.07% | 288,429,402 | 1,777,178,786 | 1,546,773,053 | 18,646,032 | -- | -- | 518,835,135 | 1.6% |
Total | $342,402,924 | $2,992,377,799 | $2,728,223,813 | $18,672,140 | $995 | $-- | $606,557,905 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Investment Valuation
The following is a summary of the inputs used, as of November 30, 2021, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.
Valuation Inputs at Reporting Date: | ||||
Description | Total | Level 1 | Level 2 | Level 3 |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | $2,166,755,755 | $2,166,754,408 | $-- | $1,347 |
Consumer Discretionary | 2,441,306,421 | 2,441,305,074 | -- | 1,347 |
Consumer Staples | 469,440,556 | 469,440,556 | -- | -- |
Energy | 51,232,704 | 51,232,704 | -- | -- |
Financials | 626,594,478 | 626,378,708 | -- | 215,770 |
Health Care | 1,215,437,493 | 1,215,133,692 | 529 | 303,272 |
Industrials | 570,243,044 | 570,243,020 | -- | 24 |
Information Technology | 6,164,454,373 | 6,164,453,786 | -- | 587 |
Materials | 40,303,776 | 40,303,029 | 747 | -- |
Real Estate | 133,594,453 | 133,594,453 | -- | -- |
Utilities | 88,602,933 | 88,602,933 | -- | -- |
Money Market Funds | 606,557,905 | 606,557,905 | -- | -- |
Total Investments in Securities: | $14,574,523,891 | $14,574,000,268 | $1,276 | $522,347 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $740,843 | $740,843 | $-- | $-- |
Total Assets | $740,843 | $740,843 | $-- | $-- |
Total Derivative Instruments: | $740,843 | $740,843 | $-- | $-- |
Value of Derivative Instruments
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of November 30, 2021. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.
Primary Risk Exposure / Derivative Type | Value | |
Asset | Liability | |
Equity Risk | ||
Futures Contracts(a) | $740,843 | $0 |
Total Equity Risk | 740,843 | 0 |
Total Value of Derivatives | $740,843 | $0 |
(a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in Total accumulated earnings (loss).
See accompanying notes which are an integral part of the financial statements.
Financial Statements
Statement of Assets and Liabilities
November 30, 2021 | ||
Assets | ||
Investment in securities, at value (including securities loaned of $496,158,473) — See accompanying schedule: Unaffiliated issuers (cost $5,395,436,076) | $13,967,965,986 | |
Fidelity Central Funds (cost $606,557,905) | 606,557,905 | |
Total Investment in Securities (cost $6,001,993,981) | $14,574,523,891 | |
Segregated cash with brokers for derivative instruments | 5,168,000 | |
Cash | 1,029,925 | |
Foreign currency held at value (cost $312) | 344 | |
Receivable for investments sold | 26,162 | |
Receivable for fund shares sold | 17,973,775 | |
Dividends receivable | 8,317,484 | |
Distributions receivable from Fidelity Central Funds | 1,782,043 | |
Prepaid expenses | 14,212 | |
Receivable from investment adviser for expense reductions | 654,660 | |
Other receivables | 1,540 | |
Total assets | 14,609,492,036 | |
Liabilities | ||
Payable for investments purchased | $811,394 | |
Payable for fund shares redeemed | 6,412,254 | |
Accrued management fee | 2,853,923 | |
Payable for daily variation margin on futures contracts | 1,461,679 | |
Other affiliated payables | 1,197,468 | |
Other payables and accrued expenses | 76,815 | |
Collateral on securities loaned | 518,759,501 | |
Total liabilities | 531,573,034 | |
Net Assets | $14,077,919,002 | |
Net Assets consist of: | ||
Paid in capital | $5,481,015,068 | |
Total accumulated earnings (loss) | 8,596,903,934 | |
Net Assets | $14,077,919,002 | |
Net Asset Value, offering price and redemption price per share ($14,077,919,002 ÷ 71,757,878 shares) | $196.19 |
See accompanying notes which are an integral part of the financial statements.
Statement of Operations
Year ended November 30, 2021 | ||
Investment Income | ||
Dividends | $87,143,330 | |
Income from Fidelity Central Funds (including $18,646,032 from security lending) | 18,672,140 | |
Total income | 105,815,470 | |
Expenses | ||
Management fee | $29,781,162 | |
Transfer agent fees | 12,408,817 | |
Accounting fees | 100,000 | |
Custodian fees and expenses | 130,295 | |
Independent trustees' fees and expenses | 173,346 | |
Registration fees | 284,429 | |
Audit | 79,545 | |
Legal | 31,599 | |
Miscellaneous | 49,866 | |
Total expenses before reductions | 43,039,059 | |
Expense reductions | (6,891,139) | |
Total expenses after reductions | 36,147,920 | |
Net investment income (loss) | 69,667,550 | |
Realized and Unrealized Gain (Loss) | ||
Net realized gain (loss) on: | ||
Investment securities: | ||
Unaffiliated issuers | (4,694,677) | |
Fidelity Central Funds | 995 | |
Foreign currency transactions | 548,034 | |
Futures contracts | 12,160,493 | |
Total net realized gain (loss) | 8,014,845 | |
Change in net unrealized appreciation (depreciation) on: | ||
Investment securities: | ||
Unaffiliated issuers | 2,901,485,561 | |
Assets and liabilities in foreign currencies | (380,253) | |
Futures contracts | (1,886,527) | |
Total change in net unrealized appreciation (depreciation) | 2,899,218,781 | |
Net gain (loss) | 2,907,233,626 | |
Net increase (decrease) in net assets resulting from operations | $2,976,901,176 |
See accompanying notes which are an integral part of the financial statements.
Statement of Changes in Net Assets
Year ended November 30, 2021 | Year ended November 30, 2020 | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $69,667,550 | $69,157,497 |
Net realized gain (loss) | 8,014,845 | 38,522,896 |
Change in net unrealized appreciation (depreciation) | 2,899,218,781 | 2,873,388,510 |
Net increase (decrease) in net assets resulting from operations | 2,976,901,176 | 2,981,068,903 |
Distributions to shareholders | (72,649,348) | (314,082,075) |
Share transactions | ||
Proceeds from sales of shares | 3,087,419,105 | 3,001,514,559 |
Reinvestment of distributions | 68,602,714 | 298,187,514 |
Cost of shares redeemed | (2,148,253,665) | (2,955,078,158) |
Net increase (decrease) in net assets resulting from share transactions | 1,007,768,154 | 344,623,915 |
Total increase (decrease) in net assets | 3,912,019,982 | 3,011,610,743 |
Net Assets | ||
Beginning of period | 10,165,899,020 | 7,154,288,277 |
End of period | $14,077,919,002 | $10,165,899,020 |
Other Information | ||
Shares | ||
Sold | 17,656,843 | 24,570,358 |
Issued in reinvestment of distributions | 425,312 | 2,637,194 |
Redeemed | (12,297,115) | (24,222,462) |
Net increase (decrease) | 5,785,040 | 2,985,090 |
See accompanying notes which are an integral part of the financial statements.
Financial Highlights
Fidelity Nasdaq Composite Index Fund
Years ended November 30, | 2021 | 2020 | 2019 | 2018 | 2017 |
Selected Per–Share Data | |||||
Net asset value, beginning of period | $154.09 | $113.58 | $96.86 | $90.92 | $70.45 |
Income from Investment Operations | |||||
Net investment income (loss)A | 1.00 | 1.04 | 1.12 | .89 | .76 |
Net realized and unrealized gain (loss) | 42.19 | 44.44 | 17.26 | 5.71 | 20.38 |
Total from investment operations | 43.19 | 45.48 | 18.38 | 6.60 | 21.14 |
Distributions from net investment income | (1.09) | (1.11)B | (.81) | (.64) | (.65) |
Distributions from net realized gain | – | (3.86)B | (.85) | (.02) | (.03) |
Total distributions | (1.09) | (4.97) | (1.66) | (.66) | (.67)C |
Redemption fees added to paid in capitalA | – | – | – | – | –D |
Net asset value, end of period | $196.19 | $154.09 | $113.58 | $96.86 | $90.92 |
Total ReturnE | 28.18% | 41.63% | 19.55% | 7.30% | 30.26% |
Ratios to Average Net AssetsF,G | |||||
Expenses before reductions | .35% | .35% | .35% | .40% | .41% |
Expenses net of fee waivers, if any | .29% | .29% | .29% | .29% | .29% |
Expenses net of all reductions | .29% | .29% | .29% | .29% | .29% |
Net investment income (loss) | .56% | .84% | 1.10% | .90% | .94% |
Supplemental Data | |||||
Net assets, end of period (000 omitted) | $14,077,919 | $10,165,899 | $7,154,288 | $6,002,333 | $4,899,784 |
Portfolio turnover rateH | 7% | 17% | 6% | 15% | 11% |
A Calculated based on average shares outstanding during the period.
B The amounts shown reflect certain reclassifications related to book to tax differences that were made in the year shown.
C Total distributions per share do not sum due to rounding.
D Amount represents less than $.005 per share.
E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
See accompanying notes which are an integral part of the financial statements.
Notes to Financial Statements
For the period ended November 30, 2021
1. Organization.
Fidelity Nasdaq Composite Index Fund (the Fund) is a fund of Fidelity Concord Street Trust (the Trust) and is authorized to issue an unlimited number of shares. Share transactions on the Statement of Changes in Net Assets may contain exchanges between affiliated funds. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund may operate as a non-diversified fund, as defined under the 1940 Act, to the approximate extent the Index is non-diversified.
2. Investments in Fidelity Central Funds.
Funds may invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Schedule of Investments lists any Fidelity Central Funds held as an investment as of period end, but does not include the underlying holdings of each Fidelity Central Fund. An investing fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.
Based on its investment objective, each Fidelity Central Fund may invest or participate in various investment vehicles or strategies that are similar to those of the investing fund. These strategies are consistent with the investment objectives of the investing fund and may involve certain economic risks which may cause a decline in value of each of the Fidelity Central Funds and thus a decline in the value of the investing fund.
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio(a) |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
(a) Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds which contain the significant accounting policies (including investment valuation policies) of those funds, and are not covered by the Report of Independent Registered Public Accounting Firm, are available on the Securities and Exchange Commission website or upon request.
3. Significant Accounting Policies.
The Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The Fund's Schedule of Investments lists any underlying mutual funds or exchange-traded funds (ETFs) but does not include the underlying holdings of these funds. The following summarizes the significant accounting policies of the Fund:
Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee.
The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:
- Level 1 – quoted prices in active markets for identical investments
- Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
- Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)
Valuation techniques used to value the Fund's investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, ETFs and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of November 30, 2021 is included at the end of the Fund's Schedule of Investments.
Foreign Currency. Certain Funds may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.
Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received, and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.
The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.
Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and include proceeds received from litigation. Commissions paid to certain brokers with whom the investment adviser, or its affiliates, places trades on behalf of a fund include an amount in addition to trade execution, which may be rebated back to a fund. Any such rebates are included in net realized gain (loss) on investments in the Statement of Operations. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Fund represent a return of capital or capital gain. The Fund determines the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain. Funds may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. Any withholding tax reclaims income is included in the Statement of Operations in dividends. Any receivables for withholding tax reclaims are included in the Statement of Assets and Liabilities in dividends receivable.
Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of that fund and do not include any expenses associated with any underlying mutual funds or exchange-traded funds. Although not included in a fund's expenses, a fund indirectly bears its proportionate share of these expenses through the net asset value of each underlying mutual fund or exchange-traded fund. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. As of November 30, 2021, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.
Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, the Fund claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.
Book-tax differences are primarily due to futures contracts, foreign currency transactions, passive foreign investment companies (PFIC), partnerships, capital loss carryforwards and losses deferred due to wash sales.
As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:
Gross unrealized appreciation | $8,844,524,580 |
Gross unrealized depreciation | (285,155,593) |
Net unrealized appreciation (depreciation) | $8,559,368,987 |
Tax Cost | $6,015,154,904 |
The tax-based components of distributable earnings as of period end were as follows:
Undistributed ordinary income | $61,685,105 |
Capital loss carryforward | $(22,023,629) |
Net unrealized appreciation (depreciation) on securities and other investments | $8,557,242,458 |
Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of fiscal period end and is subject to adjustment.
No expiration | |
Short-term | $(22,023,629) |
The tax character of distributions paid was as follows:
November 30, 2021 | November 30, 2020 | |
Ordinary Income | $72,649,348 | $ 131,596,393 |
Long-term Capital Gains | – | 182,485,682 |
Total | $72,649,348 | $ 314,082,075 |
Restricted Securities (including Private Placements). Funds may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities held at period end is included at the end of the Schedule of Investments, if applicable.
4. Derivative Instruments.
Risk Exposures and the Use of Derivative Instruments. The Fund's investment objective allows the Fund to enter into various types of derivative contracts, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
The Fund used derivatives to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.
The Fund's use of derivatives increased or decreased its exposure to the following risks:
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
The Fund is also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Fund will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Fund. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.
Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Fund used futures contracts to manage its exposure to the stock market.
Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on futures contracts during the period is presented in the Statement of Operations.
Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The notional amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of volume of activity during the period. Cash deposited to meet initial margin requirements is presented as segregated cash with brokers for derivative instruments in the Statement of Assets and Liabilities.
5. Purchases and Sales of Investments.
Purchases and sales of securities, other than short-term securities and in-kind transactions, as applicable, are noted in the table below.
Purchases ($) | Sales ($) | |
Fidelity Nasdaq Composite Index Fund | 1,834,624,049 | 808,699,699 |
6. Fees and Other Transactions with Affiliates.
Management Fee. Fidelity Management & Research Company LLC (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee that is based on an annual rate of .24% of the Fund's average net assets.
Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Fund. Geode provides discretionary investment advisory services to the Fund and is paid by the investment adviser for providing these services.
Transfer Agent Fees. Fidelity Investments Institutional Operations Company LLC (FIIOC), an affiliate of the investment adviser, is the Fund's transfer, dividend disbursing and shareholder servicing agent. FIIOC receives an asset-based fee of .10% of the Fund's average net assets. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements.
Accounting Fees. Fidelity Service Company, Inc. (FSC), an affiliate of the investment adviser, maintains the Fund's accounting records. The accounting fee is based on the level of average net assets for each month. For the period, the fees were equivalent to the following annual rates:
% of Average Net Assets | |
Fidelity Nasdaq Composite Index Fund | –(a) |
(a) Amount represents less than .005%.
Interfund Trades. Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Any interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.
7. Committed Line of Credit.
Certain Funds participate with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The participating funds have agreed to pay commitment fees on their pro-rata portion of the line of credit, which are reflected in Miscellaneous expenses on the Statement of Operations, and are listed below. During the period, there were no borrowings on this line of credit.
Amount | |
Fidelity Nasdaq Composite Index Fund | $21,167 |
8. Security Lending.
Funds lend portfolio securities from time to time in order to earn additional income. Lending agents are used, including National Financial Services (NFS), an affiliate of the investment adviser. Pursuant to a securities lending agreement, NFS will receive a fee, which is capped at 9.9% of a fund's daily lending revenue, for its services as lending agent. A fund may lend securities to certain qualified borrowers, including NFS. On the settlement date of the loan, a fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of a fund and any additional required collateral is delivered to a fund on the next business day. A fund or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, a fund may apply collateral received from the borrower against the obligation. A fund may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. Any loaned securities are identified as such in the Schedule of Investments, and the value of loaned securities and cash collateral at period end, as applicable, are presented in the Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Affiliated security lending activity, if any, was as follows:
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity Nasdaq Composite Index Fund | $1,913,496 | $443,998 | $7,157,814 |
9. Expense Reductions.
The investment adviser contractually agreed to reimburse the Fund to the extent annual operating expenses exceeded .29% of average net assets. This reimbursement will remain in place through March 31, 2023. Some expenses, for example the compensation of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses, are excluded from this reimbursement. During the period this reimbursement reduced the Fund's expenses by $6,890,646.
Through arrangements with the Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses by $493.
10. Other.
A fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the fund. In the normal course of business, a fund may also enter into contracts that provide general indemnifications. A fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against a fund. The risk of material loss from such claims is considered remote.
11. Coronavirus (COVID-19) Pandemic.
An outbreak of COVID-19 first detected in China during December 2019 has since spread globally and was declared a pandemic by the World Health Organization during March 2020. Developments that disrupt global economies and financial markets, such as the COVID-19 pandemic, may magnify factors that affect the Fund's performance.
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of Fidelity Concord Street Trust and Shareholders of Fidelity Nasdaq Composite Index Fund
Opinion on the Financial Statements and Financial Highlights
We have audited the accompanying statement of assets and liabilities of Fidelity NASDAQ Composite Index Fund (the "Fund"), a fund of Fidelity Concord Street Trust, including the schedule of investments, as of November 30, 2021, the related statement of operations for the year then ended, the statement of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended, and the related notes. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Fund as of November 30, 2021, and the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements and financial highlights are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Fund is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of November 30, 2021, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.
/s/ Deloitte & Touche LLP
Boston, Massachusetts
January 13, 2022
We have served as the auditor of one or more of the Fidelity investment companies since 1999.
Trustees and Officers
The Trustees, Members of the Advisory Board (if any), and officers of the trust and fund, as applicable, are listed below. The Board of Trustees governs the fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee the fund's activities, review contractual arrangements with companies that provide services to the fund, oversee management of the risks associated with such activities and contractual arrangements, and review the fund's performance. Except for Jonathan Chiel, each of the Trustees oversees 314 funds. Mr. Chiel oversees 179 funds.
The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the fund is referred to herein as an Independent Trustee. Each Independent Trustee shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. Officers and Advisory Board Members hold office without limit in time, except that any officer or Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.
The fund’s Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.
Experience, Skills, Attributes, and Qualifications of the Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.
In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing the fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the fund, is provided below.
Board Structure and Oversight Function. Robert A. Lawrence is an interested person and currently serves as Acting Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the fund. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. David M. Thomas serves as Lead Independent Trustee and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.
Fidelity® funds are overseen by different Boards of Trustees. The fund's Board oversees Fidelity's high income and certain equity funds, and other Boards oversee Fidelity's investment-grade bond, money market, asset allocation, and other equity funds. The asset allocation funds may invest in Fidelity® funds overseen by the fund's Board. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity® funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity® funds overseen by each Board.
The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, the fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the fund's activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the fund's business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the fund are carried out by or through FMR, its affiliates, and other service providers, the fund's exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the fund's activities, oversight is exercised primarily through the Operations, Audit, and Compliance Committees. Appropriate personnel, including but not limited to the fund's Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the fund's Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of Fidelity's risk management program for the Fidelity® funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Trustees."
Interested Trustees*:
Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+
Jonathan Chiel (1957)
Year of Election or Appointment: 2016
Trustee
Mr. Chiel also serves as Trustee of other Fidelity® funds. Mr. Chiel is Executive Vice President and General Counsel for FMR LLC (diversified financial services company, 2012-present). Previously, Mr. Chiel served as general counsel (2004-2012) and senior vice president and deputy general counsel (2000-2004) for John Hancock Financial Services; a partner with Choate, Hall & Stewart (1996-2000) (law firm); and an Assistant United States Attorney for the United States Attorney’s Office of the District of Massachusetts (1986-95), including Chief of the Criminal Division (1993-1995). Mr. Chiel is a director on the boards of the Boston Bar Foundation and the Maimonides School.
Bettina Doulton (1964)
Year of Election or Appointment: 2021
Trustee
Ms. Doulton also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Doulton served in a variety of positions at Fidelity Investments, including as a managing director of research (2006-2007), portfolio manager to certain Fidelity® funds (1993-2005), equity analyst and portfolio assistant (1990-1993), and research assistant (1987-1990). Ms. Doulton currently owns and operates Phi Builders + Architects and Cellardoor Winery. Previously, Ms. Doulton served as a member of the Board of Brown Capital Management, LLC (2014-2018).
Robert A. Lawrence (1952)
Year of Election or Appointment: 2020
Trustee
Acting Chairman of the Board of Trustees
Mr. Lawrence also serves as Trustee of other funds. Previously, Mr. Lawrence served as a Member of the Advisory Board of certain funds. Prior to his retirement in 2008, Mr. Lawrence served as Vice President of certain Fidelity® funds (2006-2008), Senior Vice President, Head of High Income Division of Fidelity Management & Research Company (investment adviser firm, 2006-2008), and President of Fidelity Strategic Investments (investment adviser firm, 2002-2005).
* Determined to be an “Interested Trustee” by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR.
+ The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for the fund.
Independent Trustees:
Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+
Thomas P. Bostick (1956)
Year of Election or Appointment: 2021
Trustee
Lieutenant General Bostick also serves as Trustee of other Fidelity® funds. Prior to his retirement, General Bostick (United States Army, Retired) held a variety of positions within the U.S. Army, including Commanding General and Chief of Engineers, U.S. Army Corps of Engineers (2012-2016) and Deputy Chief of Staff and Director of Human Resources, U.S. Army (2009-2012). General Bostick currently serves as a member of the Board and Finance and Governance Committees of CSX Corporation (transportation, 2020-present) and a member of the Board and Corporate Governance and Nominating Committee of Perma-Fix Environmental Services, Inc. (nuclear waste management, 2020-present). General Bostick serves as Chief Executive Officer of Bostick Global Strategies, LLC (consulting, 2016-present) and Managing Partner, Sustainability, of Ridge-Lane Limited Partners (strategic advisory and venture development, 2016-present). Previously, General Bostick served as a Member of the Advisory Board of certain Fidelity® funds (2021), President, Intrexon Bioengineering (2018-2020) and Chief Operating Officer (2017-2020) and Senior Vice President of the Environment Sector (2016-2017) of Intrexon Corporation (biopharmaceutical company).
Dennis J. Dirks (1948)
Year of Election or Appointment: 2005
Trustee
Mr. Dirks also serves as Trustee of other Fidelity® funds. Prior to his retirement in May 2003, Mr. Dirks served as Chief Operating Officer and as a member of the Board of The Depository Trust & Clearing Corporation (financial markets infrastructure), President, Chief Operating Officer and a member of the Board of The Depository Trust Company (DTC), President and a member of the Board of the National Securities Clearing Corporation (NSCC), Chief Executive Officer and a member of the Board of the Government Securities Clearing Corporation and Chief Executive Officer and a member of the Board of the Mortgage-Backed Securities Clearing Corporation. Mr. Dirks currently serves as a member of the Finance Committee (2016-present) and Board (2017-present) and is Treasurer (2018-present) of the Asolo Repertory Theatre.
Donald F. Donahue (1950)
Year of Election or Appointment: 2018
Trustee
Mr. Donahue also serves as Trustee of other Fidelity® funds. Mr. Donahue serves as President and Chief Executive Officer of Miranda Partners, LLC (risk consulting for the financial services industry, 2012-present). Previously, Mr. Donahue served as Chief Executive Officer (2006-2012), Chief Operating Officer (2003-2006) and Managing Director, Customer Marketing and Development (1999-2003) of The Depository Trust & Clearing Corporation (financial markets infrastructure). Mr. Donahue currently serves as a member (2007-present) and Co-Chairman (2016-present) of the Board of United Way of New York and a member of the Board of NYC Leadership Academy (2012-present). Mr. Donahue previously served as a member of the Advisory Board of certain Fidelity® funds (2015-2018).
Vicki L. Fuller (1957)
Year of Election or Appointment: 2020
Trustee
Ms. Fuller also serves as Trustee of other Fidelity® funds. Previously, Ms. Fuller served as a member of the Advisory Board of certain Fidelity® funds (2018-2020), Chief Investment Officer of the New York State Common Retirement Fund (2012-2018) and held a variety of positions at AllianceBernstein L.P. (global asset management, 1985-2012), including Managing Director (2006-2012) and Senior Vice President and Senior Portfolio Manager (2001-2006). Ms. Fuller currently serves as a member of the Board, Audit Committee and Nominating and Governance Committee of The Williams Companies, Inc. (natural gas infrastructure, 2018-present), as a member of the Board, Audit Committee and Nominating and Governance Committee of two Blackstone business development companies (2020-present) and as a member of the Board of Treliant, LLC (consulting, 2019-present).
Patricia L. Kampling (1959)
Year of Election or Appointment: 2020
Trustee
Ms. Kampling also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Kampling served as Chairman of the Board and Chief Executive Officer (2012-2019), President and Chief Operating Officer (2011-2012) and Executive Vice President and Chief Financial Officer (2010-2011) of Alliant Energy Corporation. Ms. Kampling currently serves as a member of the Board, Finance Committee and Governance, Compensation and Nominating Committee of Xcel Energy Inc. (utilities company, 2020-present) and as a member of the Board, Audit, Finance and Risk Committee and Safety, Environmental, Technology and Operations Committee of American Water Works Company, Inc. (utilities company, 2019-present). In addition, Ms. Kampling currently serves as a member of the Board of the Nature Conservancy, Wisconsin Chapter (2019-present). Previously, Ms. Kampling served as a Member of the Advisory Board of certain Fidelity® funds (2020), a member of the Board, Compensation Committee and Executive Committee and Chair of the Audit Committee of Briggs & Stratton Corporation (manufacturing, 2011-2021), a member of the Board of Interstate Power and Light Company (2012-2019) and Wisconsin Power and Light Company (2012-2019) (each a subsidiary of Alliant Energy Corporation) and as a member of the Board and Workforce Development Committee of the Business Roundtable (2018-2019).
Thomas A. Kennedy (1955)
Year of Election or Appointment: 2021
Trustee
Mr. Kennedy also serves as Trustee of other Fidelity® funds. Previously, Mr. Kennedy served as a Member of the Advisory Board of certain Fidelity® funds (2020) and held a variety of positions at Raytheon Company (aerospace and defense, 1983-2020), including Chairman and Chief Executive Officer (2014-2020) and Executive Vice President and Chief Operating Officer (2013-2014). Mr. Kennedy currently serves as Executive Chairman of the Board of Directors of Raytheon Technologies Corporation (aerospace and defense, 2020-present). He is also a member of the Rutgers School of Engineering Industry Advisory Board (2011-present) and a member of the UCLA Engineering Dean’s Executive Board (2016-present).
Oscar Munoz (1959)
Year of Election or Appointment: 2021
Trustee
Mr. Munoz also serves as Trustee of other Fidelity® funds. Prior to his retirement, Mr. Munoz served as Executive Chairman (2020-2021), Chief Executive Officer (2015-2020), President (2015-2016) and a member of the Board (2010-2021) of United Airlines Holdings, Inc. Mr. Munoz currently serves as a member of the Board of CBRE Group, Inc. (commercial real estate, 2020-present), a member of the Board of Univision Communications, Inc. (Hispanic media, 2020-present) and a member of the Advisory Board of Salesforce.com, Inc. (cloud-based software, 2020-present). Previously, Mr. Munoz served as a Member of the Advisory Board of certain Fidelity® funds (2021).
Garnett A. Smith (1947)
Year of Election or Appointment: 2018
Trustee
Mr. Smith also serves as Trustee of other Fidelity® funds. Prior to his retirement, Mr. Smith served as Chairman and Chief Executive Officer (1990-1997) and President (1986-1990) of Inbrand Corp. (manufacturer of personal absorbent products). Prior to his employment with Inbrand Corp., he was employed by a retail fabric chain and North Carolina National Bank (now Bank of America). Mr. Smith previously served as a member of the Advisory Board of certain Fidelity® funds (2012-2013).
David M. Thomas (1949)
Year of Election or Appointment: 2008
Trustee
Lead Independent Trustee
Mr. Thomas also serves as Trustee of other Fidelity® funds. Previously, Mr. Thomas served as Executive Chairman (2005-2006) and Chairman and Chief Executive Officer (2000-2005) of IMS Health, Inc. (pharmaceutical and healthcare information solutions). Mr. Thomas currently serves as a member of the Board of Fortune Brands Home and Security (home and security products, 2004-present) and Presiding Director (2013-present) of Interpublic Group of Companies, Inc. (marketing communication).
Susan Tomasky (1953)
Year of Election or Appointment: 2020
Trustee
Ms. Tomasky also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Tomasky served in various executive officer positions at American Electric Power Company, Inc. (1998-2011), including most recently as President of AEP Transmission (2007-2011). Ms. Tomasky currently serves as a member of the Board and Sustainability Committee and as Chair of the Audit Committee of Marathon Petroleum Corporation (2018-present) and as a member of the Board, Corporate Governance Committee and Organization and Compensation Committee and as Chair of the Audit Committee of Public Service Enterprise Group, Inc. (utilities company, 2012-present). In addition, Ms. Tomasky currently serves as a member (2009-present) and President (2020-present) of the Board of the Royal Shakespeare Company – America (2009-present), as a member of the Board of the Columbus Association for the Performing Arts (2011-present) and as a member of the Board and Investment Committee of Kenyon College (2016-present). Previously, Ms. Tomasky served as a Member of the Advisory Board of certain Fidelity® funds (2020), as a member of the Board of the Columbus Regional Airport Authority (2007-2020), as a member of the Board (2011-2018) and Lead Independent Director (2015-2018) of Andeavor Corporation (previously Tesoro Corporation) (independent oil refiner and marketer) and as a member of the Board of Summit Midstream Partners LP (energy, 2012-2018).
Michael E. Wiley (1950)
Year of Election or Appointment: 2020
Trustee
Mr. Wiley also serves as Trustee of other Fidelity® funds. Previously, Mr. Wiley served as a member of the Advisory Board of certain Fidelity® funds (2018-2020), Chairman, President and CEO of Baker Hughes, Inc. (oilfield services, 2000-2004). Mr. Wiley also previously served as a member of the Board of Andeavor Corporation (independent oil refiner and marketer, 2005-2018), a member of the Board of Andeavor Logistics LP (natural resources logistics, 2015-2018) and a member of the Board of High Point Resources (exploration and production, 2005-2020).
+ The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for the fund.
Advisory Board Members and Officers:
Correspondence intended for a Member of the Advisory Board (if any) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235. Correspondence intended for an officer or Peter S. Lynch may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210. Officers appear below in alphabetical order.
Name, Year of Birth; Principal Occupation
Peter S. Lynch (1944)
Year of Election or Appointment: 2003
Member of the Advisory Board
Mr. Lynch also serves as a Member of the Advisory Board of other Fidelity® funds. Mr. Lynch is Vice Chairman and a Director of Fidelity Management & Research Company LLC (investment adviser firm). In addition, Mr. Lynch serves as a Trustee of Boston College and as the Chairman of the Inner-City Scholarship Fund. Previously, Mr. Lynch served as Vice Chairman and a Director of FMR Co., Inc. (investment adviser firm) and on the Special Olympics International Board of Directors (1997-2006).
Craig S. Brown (1977)
Year of Election or Appointment: 2019
Assistant Treasurer
Mr. Brown also serves as an officer of other funds. Mr. Brown serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2013-present).
John J. Burke III (1964)
Year of Election or Appointment: 2018
Chief Financial Officer
Mr. Burke also serves as Chief Financial Officer of other funds. Mr. Burke serves as Head of Investment Operations for Fidelity Fund and Investment Operations (2018-present) and is an employee of Fidelity Investments (1998-present). Previously Mr. Burke served as head of Asset Management Investment Operations (2012-2018).
William C. Coffey (1969)
Year of Election or Appointment: 2019
Assistant Secretary
Mr. Coffey also serves as Assistant Secretary of other funds. He is Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2010-present), and is an employee of Fidelity Investments. Previously, Mr. Coffey served as Secretary and CLO of certain funds (2018-2019); CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company and FMR Co., Inc. (investment adviser firms, 2018-2019); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2018-2019); CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2018-2019); and Assistant Secretary of certain funds (2009-2018).
Timothy M. Cohen (1969)
Year of Election or Appointment: 2018
Vice President
Mr. Cohen also serves as Vice President of other funds. Mr. Cohen serves as Co-Head of Equity (2018-present), a Director of Fidelity Management & Research (Japan) Limited (investment adviser firm, 2016-present), and is an employee of Fidelity Investments. Previously, Mr. Cohen served as Executive Vice President of Fidelity SelectCo, LLC (2019), Head of Global Equity Research (2016-2018), Chief Investment Officer - Equity and a Director of Fidelity Management & Research (U.K.) Inc. (investment adviser firm, 2013-2015) and as a Director of Fidelity Management & Research (Hong Kong) Limited (investment adviser firm, 2017).
Jonathan Davis (1968)
Year of Election or Appointment: 2010
Assistant Treasurer
Mr. Davis also serves as an officer of other funds. Mr. Davis serves as Assistant Treasurer of FIMM, LLC (2021-present), FMR Capital, Inc. (2017-present), FD Funds GP LLC (2021-present), FD Funds Holding LLC (2021-present), and FD Funds Management LLC (2021-present); and is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (diversified financial services company, 2003-2010).
Laura M. Del Prato (1964)
Year of Election or Appointment: 2018
Assistant Treasurer
Ms. Del Prato also serves as an officer of other funds. Ms. Del Prato serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2017-present). Previously, Ms. Del Prato served as President and Treasurer of The North Carolina Capital Management Trust: Cash Portfolio and Term Portfolio (2018-2020). Prior to joining Fidelity Investments, Ms. Del Prato served as a Managing Director and Treasurer of the JPMorgan Mutual Funds (2014-2017). Prior to JPMorgan, Ms. Del Prato served as a partner at Cohen Fund Audit Services (accounting firm, 2012-2013) and KPMG LLP (accounting firm, 2004-2012).
Colm A. Hogan (1973)
Year of Election or Appointment: 2020
Assistant Treasurer
Mr. Hogan also serves as an officer of other funds. Mr. Hogan serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2005-present). Previously, Mr. Hogan served as Deputy Treasurer of certain Fidelity® funds (2016-2020) and Assistant Treasurer of certain Fidelity® funds (2016-2018).
Pamela R. Holding (1964)
Year of Election or Appointment: 2018
Vice President
Ms. Holding also serves as Vice President of other funds. Ms. Holding serves as Co-Head of Equity (2018-present) and is an employee of Fidelity Investments (2013-present). Previously, Ms. Holding served as Executive Vice President of Fidelity SelectCo, LLC (2019) and as Chief Investment Officer of Fidelity Institutional Asset Management (2013-2018).
Cynthia Lo Bessette (1969)
Year of Election or Appointment: 2019
Secretary and Chief Legal Officer (CLO)
Ms. Lo Bessette also serves as an officer of other funds. Ms. Lo Bessette serves as CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company LLC (investment adviser firm, 2019-present); CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2019-present); Secretary of FD Funds GP LLC (2021-present), FD Funds Holding LLC (2021-present), and FD Funds Management LLC (2021-present); and Assistant Secretary of FIMM, LLC (2019-present). She is a Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2019-present), and is an employee of Fidelity Investments. Previously, Ms. Lo Bessette served as CLO, Secretary, and Senior Vice President of FMR Co., Inc. (investment adviser firm, 2019); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2019). Prior to joining Fidelity Investments, Ms. Lo Bessette was Executive Vice President, General Counsel (2016-2019) and Senior Vice President, Deputy General Counsel (2015-2016) of OppenheimerFunds (investment management company) and Deputy Chief Legal Officer (2013-2015) of Jennison Associates LLC (investment adviser firm).
Chris Maher (1972)
Year of Election or Appointment: 2020
Deputy Treasurer
Mr. Maher also serves as an officer of other funds. Mr. Maher serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present), and is an employee of Fidelity Investments (2008-present). Previously, Mr. Maher served as Assistant Treasurer of certain funds (2013-2020); Vice President of Asset Management Compliance (2013), Vice President of the Program Management Group of FMR (investment adviser firm, 2010-2013), and Vice President of Valuation Oversight (2008-2010).
Jason P. Pogorelec (1975)
Year of Election or Appointment: 2020
Chief Compliance Officer
Mr. Pogorelec also serves as Chief Compliance Officer of other funds. Mr. Pogorelec is a senior Vice President of Asset Management Compliance for Fidelity Investments and is an employee of Fidelity Investments (2006-present). Previously, Mr. Pogorelec served as Vice President, Associate General Counsel for Fidelity Investments (2010-2020) and Assistant Secretary of certain Fidelity funds (2015-2020).
Brett Segaloff (1972)
Year of Election or Appointment: 2021
Anti-Money Laundering (AML) Officer
Mr. Segaloff also serves as an AML Officer of other funds and other related entities. He is Director, Anti-Money Laundering (2007-present) of FMR LLC (diversified financial services company) and is an employee of Fidelity Investments (1996-present).
Stacie M. Smith (1974)
Year of Election or Appointment: 2016
President and Treasurer
Ms. Smith also serves as an officer of other funds. Ms. Smith serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present), is an employee of Fidelity Investments (2009-present), and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (accounting firm, 1996-2009). Previously, Ms. Smith served as Assistant Treasurer (2013-2019) and Deputy Treasurer (2013-2016) of certain Fidelity® funds.
Jim Wegmann (1979)
Year of Election or Appointment: 2019
Assistant Treasurer
Mr. Wegmann also serves as an officer of other funds. Mr. Wegmann serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2011-present). Previously, Mr. Wegmann served as Assistant Treasurer of certain Fidelity® funds (2019-2021).
Shareholder Expense Example
As a shareholder, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments or redemption proceeds, as applicable and (2) ongoing costs, which generally include management fees, distribution and/or service (12b-1) fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in a fund and to compare these costs with the ongoing costs of investing in other mutual funds.
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (June 1, 2021 to November 30, 2021).
Actual Expenses
The first line of the accompanying table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class/Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. If any fund is a shareholder of any underlying mutual funds or exchange-traded funds (ETFs) (the Underlying Funds), such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses incurred presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.
Hypothetical Example for Comparison Purposes
The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. If any fund is a shareholder of any Underlying Funds, such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses as presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
Annualized Expense Ratio-A | Beginning Account Value June 1, 2021 | Ending Account Value November 30, 2021 | Expenses Paid During Period-B June 1, 2021 to November 30, 2021 | |
Fidelity Nasdaq Composite Index Fund | .29% | |||
Actual | $1,000.00 | $1,133.90 | $1.55 | |
Hypothetical-C | $1,000.00 | $1,023.61 | $1.47 |
A Annualized expense ratio reflects expenses net of applicable fee waivers.
B Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/ 365 (to reflect the one-half year period). The fees and expenses of any Underlying Funds are not included in each annualized expense ratio.
C 5% return per year before expenses
Distributions (Unaudited)
A total of 0.01% of the dividends distributed during the fiscal year was derived from interest on U.S. Government securities which is generally exempt from state income tax.
The fund designates 97% of the dividends distributed during the fiscal year as qualifying for the dividends–received deduction for corporate shareholders.
The fund designates 99% of the dividends distributed during the fiscal year as amounts which may be taken into account as a dividend for purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.
The fund will notify shareholders in January 2022 of amounts for use in preparing 2021 income tax returns.
Board Approval of Investment Advisory Contracts and Management Fees
Fidelity Nasdaq Composite Index Fund
At its November 2021 meeting, the Board of Trustees, including the Independent Trustees (together, the Board), voted unanimously to continue the management contract with Fidelity Management & Research Company LLC (FMR) and the sub-advisory agreement with Geode Capital Management, LLC (Geode) (together, the Advisory Contracts) for the fund for six months from December 1, 2021 through May 31, 2022. The Board determined that it will consider the annual renewal of the fund's Advisory Contracts for a full one year period in May 2022.In connection with its consideration of the fund's Advisory Contracts, the Board considered: (i) the nature, extent and quality of services provided to the fund, including shareholder and administrative services and investment performance; (ii) the competitiveness of the management fee and total expenses for the fund; (iii) the costs of the services and profitability, including the revenues earned and the expenses incurred in conducting the business of developing, marketing, distributing, managing, administering, and servicing the fund and its shareholders, to the extent applicable; and (iv) whether there have been economies of scale in respect of the Fidelity funds, whether the Fidelity funds (including the fund) have appropriately benefited from any such economies of scale, and whether there is the potential for realization of any further economies.The Board considered that the approval of the fund's Advisory Contracts will not result in any changes in (i) the investment process or strategies employed in the management of the fund's assets; (ii) the fees and expenses paid by shareholders; (iii) the nature, extent or quality of services provided under the fund's Advisory Contracts; or (iv) the day-to-day management of the fund or the persons primarily responsible for such management. The Board noted that at its July 2021 meeting it approved an amendment to the fund's sub-advisory agreement with Geode (effective August 1, 2021) that lowered the sub-advisory fee rate that FMR pays to Geode. The Board concluded that the fund's Advisory Contracts are fair and reasonable, and that the fund's Advisory Contracts should be renewed, without modification, through May 31, 2022, with the understanding that the Board will consider the annual renewal for a full one year period in May 2022.Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board ultimately concluded that the fund's management fee structure is fair and reasonable, and that the continuation of the fund's Advisory Contracts should be approved for six months from December 1, 2021 through May 31, 2022, with the understanding that the Board will consider the annual renewal for a full one year period in May 2022.EIF-ANN-0122
1.795539.118
Item 2.
Code of Ethics
As of the end of the period, November 30, 2021, Fidelity Concord Street Trust (the trust) has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its President and Treasurer and its Chief Financial Officer. A copy of the code of ethics is filed as an exhibit to this Form N-CSR.
Item 3.
Audit Committee Financial Expert
The Board of Trustees of the trust has determined that Donald F. Donahue is an audit committee financial expert, as defined in Item 3 of Form N-CSR. Mr. Donahue is independent for purposes of Item 3 of Form N-CSR.
Item 4.
Principal Accountant Fees and Services
Fees and Services
The following table presents fees billed by Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu, and their respective affiliates (collectively, “Deloitte Entities”) in each of the last two fiscal years for services rendered to Fidelity Nasdaq Composite Index Fund (the “Fund”):
Services Billed by Deloitte Entities
November 30, 2021 FeesA
Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | |
Fidelity Nasdaq Composite Index Fund | $60,000 | $- | $9,400 | $1,400 |
November 30, 2020 FeesA
Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | |
Fidelity Nasdaq Composite Index Fund | $61,300 | $- | $10,100 | $1,500 |
A Amounts may reflect rounding.
The following table(s) present(s) fees billed by Deloitte Entities that were required to be approved by the Audit Committee for services that relate directly to the operations and financial reporting of the Fund(s) and that are rendered on behalf of Fidelity Management & Research Company LLC ("FMR") and entities controlling, controlled by, or under
common control with FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) that provide ongoing services to the Fund(s) (“Fund Service Providers”):
Services Billed by Deloitte Entities
November 30, 2021A | November 30, 2020A | |
Audit-Related Fees | $- | $- |
Tax Fees | $- | $- |
All Other Fees | $- | $- |
A Amounts may reflect rounding.
“Audit-Related Fees” represent fees billed for assurance and related services that are reasonably related to the performance of the fund audit or the review of the fund's financial statements and that are not reported under Audit Fees.
“Tax Fees” represent fees billed for tax compliance, tax advice or tax planning that relate directly to the operations and financial reporting of the fund.
“All Other Fees” represent fees billed for services provided to the fund or Fund Service Provider, a significant portion of which are assurance related, that relate directly to the operations and financial reporting of the fund, excluding those services that are reported under Audit Fees, Audit-Related Fees or Tax Fees.
Assurance services must be performed by an independent public accountant.
* * *
The aggregate non-audit fees billed by Deloitte Entities for services rendered to the Fund(s), FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any Fund Service Provider for each of the last two fiscal years of the Fund(s) are as follows:
Billed By | November 30, 2021A | November 30, 2020A |
Deloitte Entities | $532,400 | $513,200 |
A Amounts may reflect rounding.
The trust's Audit Committee has considered non-audit services that were not pre-approved that were provided by Deloitte Entities to Fund Service Providers to be
compatible with maintaining the independence of Deloitte Entities in its(their) audit of the Fund(s), taking into account representations from Deloitte Entities, in accordance with Public Company Accounting Oversight Board rules, regarding its independence from the Fund(s) and its(their) related entities and FMR’s review of the appropriateness and permissibility under applicable law of such non-audit services prior to their provision to the Fund(s) Service Providers.
Audit Committee Pre-Approval Policies and Procedures
The trust’s Audit Committee must pre-approve all audit and non-audit services provided by a fund’s independent registered public accounting firm relating to the operations or financial reporting of the fund. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.
The Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee’s consideration of non-audit services by the audit firms that audit the Fidelity funds. The policies and procedures require that any non-audit service provided by a fund audit firm to a Fidelity fund and any non-audit service provided by a fund auditor to a Fund Service Provider that relates directly to the operations and financial reporting of a Fidelity fund (“Covered Service”) are subject to approval by the Audit Committee before such service is provided.
All Covered Services must be approved in advance of provision of the service either: (i) by formal resolution of the Audit Committee, or (ii) by oral or written approval of the service by the Chair of the Audit Committee (or if the Chair is unavailable, such other member of the Audit Committee as may be designated by the Chair to act in the Chair’s absence). The approval contemplated by (ii) above is permitted where the Treasurer determines that action on such an engagement is necessary before the next meeting of the Audit Committee.
Non-audit services provided by a fund audit firm to a Fund Service Provider that do not relate directly to the operations and financial reporting of a Fidelity fund are reported to the Audit Committee periodically.
Non-Audit Services Approved Pursuant to Rule 2-01(c)(7)(i)(C) and (ii) of Regulation S-X (“De Minimis Exception”)
There were no non-audit services approved or required to be approved by the Audit Committee pursuant to the De Minimis Exception during the Fund’s(s’) last two fiscal years relating to services provided to (i) the Fund(s) or (ii) any Fund Service Provider that relate directly to the operations and financial reporting of the Fund(s).
Item 5.
Audit Committee of Listed Registrants
Not applicable.
Item 6.
Investments
(a)
Not applicable.
(b)
Not applicable.
Item 7.
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 8.
Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 9.
Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 10.
Submission of Matters to a Vote of Security Holders
There were no material changes to the procedures by which shareholders may recommend nominees to the trust’s Board of Trustees.
Item 11.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the trust’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the trust’s internal control over financial reporting.
Item 12.
Disclosure of Securities Lending Activities for Closed-End Management
Investment Companies
Not applicable.
Item 13.
Exhibits
(a) | (1) | Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH. |
(a) | (2) | |
(a) | (3) | Not applicable. |
(b) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Fidelity Concord Street Trust
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | January 20, 2022 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | January 20, 2022 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer | |
Date: | January 20, 2022 |